Finance Score: -2

Governance Score: 0

Support Score: 4

Deficit latest year: -2

Overall weighted support: +4

Overall GiG Score: 2

THE NESTA TRUST

The Nesta Trust works through its Trustee, Nesta (charity no 1144091), to bring great ideas to life, supporting individuals, charities, social enterprises, businesses and public organisations with financial and practical support. Nesta works to improve the conditions in which great ideas can flourish - addressing policy and structural conditions that can energise or stifle creativity.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker recently
This charity has an endowment fund which generates all of its income. Its latest spending amounts to 6.2% of total funds

Regulatory & Governance issues to consider:

This charity uses a corporate trustee

Financial issues to consider:

Income was significantly lower than spending in the latest year

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs
31/03/23	£11,734	£26,552	£-14,818	£0	£426,220	£0	n/a
31/03/22	£9,537	£38,471	£-28,934	£0	£468,564	£0	n/a
31/03/21	£10,203	£29,317	£-19,114	£0	£471,490	£0	n/a
31/03/20	£12,217	£21,957	£-9,740	£0	£401,933	£0	n/a
31/03/19	£8,893	£17,901	£-9,008	£0	£438,967	£0	n/a
31/03/18	£2,685	£10,797	£-8,112	£0	£424,143	£0	n/a
31/03/17	£1,298	£20,901	£-19,603	£0	£418,328	£0	n/a
31/03/16	£1,976	£17,623	£-15,647	£0	£375,067	£0	n/a
31/03/15	£2,957	£19,356	£-16,399	£27	£388,772	£0	n/a
31/03/14	£3,369	£18,166	£-14,797	£11	£359,780	£0	n/a
31/03/13	£5,145	£14,361	£-9,216	£6	£359,808	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 9%
Unrestricted Funds/Total Funds: 0%
Reserves/Spending: 0 months
Net Current Assets/Spending: 5 months
Quick Ratio: 7.1

Asset Split ?

Balance Sheet History

Established: 13 years

nesta.org.uk

information@nesta.org.uk

02074382500

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
Other Charitable Purposes
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

Makes grants to organisations
Other charitable activities
Provides other finance

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Department for Business, Energy and Industrial Strategy - Centre of Excellence for Policy and Evidence in the Creative Industries
£1,214,335	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=AH/S001298/1
Department for Business, Energy and Industrial Strategy - COLDIGIT - Collective Intelligence through Digital tools (NordForsk Digitalisation of the Public Sector)
£53,184	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=ES/V009729/1
Department for Business, Energy and Industrial Strategy - Longitude Explorer Prize 19-20
£900,980	01/04/2019	To promote the aims of the Longitude explorer scheme through prize awards and other engagement.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (1)

NESTA

Legal constitution

Charity registered in England & Wales on 16/11/2011, number: 1144683

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

11 returns made; all on time

Main office

58
VICTORIA EMBANKMENT
London
London
EC4Y 0DS

Objectives

THE OBJECTS OF THE NESTA TRUST ARE FOR THE PUBLIC BENEFIT:9.1 TO ADVANCE EDUCATION, AND IN PARTICULAR THE STUDY OF INNOVATION, BY THE PROMOTION OF RESEARCH AND THE PUBLICATION OF THE USEFUL RESULTS THEREOF, IN: 9.1.1 SCIENCE AND TECHNOLOGY; 9.1.2 THE ARTS; 9.1.3 THE EFFICIENCY OF PUBLIC SERVICES; 9.1.4 THE VOLUNTARY SECTOR AND SOCIAL ENTERPRISE; AND9.1.5 INDUSTRY AND COMMERCE. 9.2 TO ADVANCE:9.2.1 SCIENCE AND TECHNOLOGY;9.2.2 THE ARTS;9.2.3 THE EFFICIENCY OF PUBLIC SERVICES;9.2.4 THE VOLUNTARY SECTOR; AND9.2.5 INDUSTRY AND COMMERCE AND SOCIAL ENTERPRISE WHICH(A) RELIEVES POVERTY;(B) RELIEVES UNEMPLOYMENT;(C) ADVANCES HEALTH;(D) ADVANCES ENVIRONMENTAL PROTECTION OR IMPROVEMENT AND SUSTAINABLE DEVELOPMENT; AND(E) ADVANCES CITIZENSHIP OR COMMUNITY DEVELOPMENTTHROUGH OR BY ENCOURAGING AND SUPPORTING INNOVATION. THE VOLUNTARY SECTOR MEANS CHARITIES AND VOLUNTARY ORGANISATIONS. CHARITIES ARE ORGANISATIONS, WHICH ARE ESTABLISHED FOR EXCLUSIVELY CHARITABLE PURPOSES IN ACCORDANCE WITH THE LAW OF ENGLAND AND WALES. VOLUNTARY ORGANISATIONS ARE INDEPENDENT ORGANISATIONS, WHICH ARE ESTABLISHED FOR PURPOSES THAT ADD VALUE TO THE COMMUNITY AS A WHOLE, OR A SIGNIFICANT SECTION OF THE COMMUNITY, AND WHICH ARE NOT PERMITTED BY THEIR CONSTITUTION TO MAKE A PROFIT FOR PRIVATE DISTRIBUTION. VOLUNTARY ORGANISATIONS DO NOT INCLUDE LOCAL GOVERNMENT OR OTHER STATUTORY AUTHORITIES. SUSTAINABLE DEVELOPMENT MEANS DEVELOPMENT THAT MEETS THE NEEDS OF THE PRESENT WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR OWN NEEDS.

Data Sources

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