THE EVOLUTION EDUCATION TRUST
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves stood at £2,358,638, a decrease from the prior year's £2,725,639. The trustees report a reserves policy to retain sufficient funds for ongoing commitments but do not specify a numerical target or months-of-expenditure benchmark. The charity received a significant donation from a trustee and paid grants to various universities, with an exceptional fraud cost noted.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Dr JONATHAN MILNERchair
- MICHAEL MAGNAY
- Roza Gounari
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £108k | £562k |
| 31/03/2024 | £3.0m | £1.1m |
| 31/03/2023 | £0 | £1.5m |
| 31/03/2022 | £1.7m | £2.1m |
| 31/03/2021 | £1.0m | £1.1m |
Common questions
Is THE EVOLUTION EDUCATION TRUST financially healthy?
The accounts state that unrestricted reserves stood at £2,358,638, a decrease from the prior year's £2,725,639. The trustees report a reserves policy to retain sufficient funds for ongoing commitments but do not specify a numerical target or months-of-expenditure benchmark. The charity received a significant donation from a trustee and paid grants to various universities, with an exceptional fraud cost noted. Its FY2022 accounts were audited by Sopher + Co LLP.