NESTA

Registered charity 1144091 · accounts filings on the Charity Commission register · also known as NESTA OPERATING COMPANY

The UK's innovation agency for social good. We design, test and scale new solutions to society's biggest problems, changing millions of lives for the better. We will focus our energy and resources on three innovation missions: a fairer start for every child; a healthy life for all, and a sustainable future where the economy works better for people and the planet.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Arts/culture/heritage/science · Environment/conservation/heritage · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£55.3m
Latest spending
£73.6m
Registered
2011
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total group funds decreased by £4.3 million to £473.6 million, comprising £36.0 million in unrestricted reserves and £429.1 million in expendable endowment. Per the trustees' report, the charity relies on drawdowns from The Nesta Trust to fund operations, with £35.8 million transferred from the Trust during the year. The trustees confirm adequate resources for at least 12 months and identify no material uncertainties regarding going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: unclear (held: £36.0m)
“In accordance with the Trust Deed of The Nesta Trust, Nesta’s reserves policy is to provide sustainable funding to ad”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Nesta Enterprises Limited, a trading subsidiary, gift-aided profits of £53,454 to Nesta.
“Nesta Enterprises Limited was recharged £55,631 (2024: £45,075) by Nesta for funds spent on their behalf, and gift aided its profits of £53,454 (2024: £nil) to Nesta.” — page 89
“Behavioural Insights Limited received income from Nesta for staff secondments of £145,604 (2024: £475,907), and other fees totalling £487,169 (2024: £411,349), and paid Nesta £1,166,941 (2024: £613,999) for recharges and consultancy services.” — page 89
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Behavioural Insights Limited, a trading subsidiary, received income from Nesta for staff secondments and fees, and paid Nesta for recharges and consultancy.
“Nesta Enterprises Limited was recharged £55,631 (2024: £45,075) by Nesta for funds spent on their behalf, and gift aided its profits of £53,454 (2024: £nil) to Nesta.” — page 89
“Behavioural Insights Limited received income from Nesta for staff secondments of £145,604 (2024: £475,907), and other fees totalling £487,169 (2024: £411,349), and paid Nesta £1,166,941 (2024: £613,999) for recharges and consultancy services.” — page 89
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Nesta Challenges gift-aided profits of £320,480 to Nesta.
“Nesta Enterprises Limited was recharged £55,631 (2024: £45,075) by Nesta for funds spent on their behalf, and gift aided its profits of £53,454 (2024: £nil) to Nesta.” — page 89
“Behavioural Insights Limited received income from Nesta for staff secondments of £145,604 (2024: £475,907), and other fees totalling £487,169 (2024: £411,349), and paid Nesta £1,166,941 (2024: £613,999) for recharges and consultancy services.” — page 89
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Nesta Investment Management LLP distributed profits to Nesta.
“Nesta Enterprises Limited was recharged £55,631 (2024: £45,075) by Nesta for funds spent on their behalf, and gift aided its profits of £53,454 (2024: £nil) to Nesta.” — page 89
“Behavioural Insights Limited received income from Nesta for staff secondments of £145,604 (2024: £475,907), and other fees totalling £487,169 (2024: £411,349), and paid Nesta £1,166,941 (2024: £613,999) for recharges and consultancy services.” — page 89
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by RSM UK Audit LLP. Discloses 4 of 6 completeness components.

Corporate structure

NESTA ENTERPRISES LIMITED — per its own Companies House accounts
  • Turnover: £88k
  • Profit before tax: £64k
  • Amounts owed to parent undertaking: £93,675
BEHAVIOURAL INSIGHTS LTD — per its own Companies House accounts
  • Turnover: £25.7m
  • Profit before tax: £1.1m
  • Long-term intercompany loans of £1,179,859 (3% interest) and other unsecured/non-interest bearing balances.

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Trustpilot: National Endowment for Science Technology and the Arts scores 3.2/5 from 1 reviews (source) — reviews usually concern the charity’s shops or services, not its charitable performance.

Public profiles (found on the charity’s own website): facebook (21,783 likes) · instagram (9,546 followers)

Structured financials (annual return, FY ending 31/03/2025)

Total income
£55.3m
Total spending
£73.6m
Cost of raising funds
£23.2m
Reserves (reported)
£36.0m
Employees
512

Reported reserves equal ~5.9 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Other trading activities (49% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 42.0% of total income — above the 90th percentile for charities its size (median 3.8%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland

Income and spending

Financial year endIncomeSpending
31/03/2025£55.3m£73.6m
31/03/2024£52.4m£65.7m
31/03/2023£46.1m£60.9m
31/03/2022£21.6m£41.6m
31/03/2021£29.6m£37.1m

Common questions

Is NESTA financially healthy?

Per its FY2025 accounts: The accounts state that total group funds decreased by £4.3 million to £473.6 million, comprising £36.0 million in unrestricted reserves and £429.1 million in expendable endowment. Per the trustees' report, the charity relies on drawdowns from The Nesta Trust to fund operations, with £35.8 million transferred from the Trust during the year. The trustees confirm adequate resources for at least 12 months and identify no material uncertainties regarding going concern. Its FY2025 accounts were audited by RSM UK Audit LLP.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
Calouste Gulbenkian Foundation, UK Branch30/01/2024£60kThe Strategy Room, Nesta
UK government12/07/2023£1.3mIBF Direct Award: Aqua-Lunar Challenge Fund
UK government01/10/2019£1.0mPilot Future News Fund
UK government22/07/2019£280kENHANCING IMPACT FUND
UK government01/04/2019£1.0mTech for Good Challenge Prize
UK government01/04/2019£10kSupport for OECD-CERI research programme conference
UK government01/04/2019£268kNesta - Centre for Social Action grants management and support 1920
UK government01/04/2019£1.2m50+ Volunteering: Connected Communities Innovation Fund
UK government01/04/2018£124kALB - UKRI - Immersive performances of the future
UK government01/04/2018£133kInclusive Economy Partnership
UK government01/04/2018£6.1mALB - UKRI - Centre of Excellence for Policy and Evidence in the Creative Industries
UK government01/04/2018£545kALB - UKRI - Flying High - Phase 2
UK government01/04/2018£65kDigital Culture survey 2019
UK government01/04/2018£297kMeasuring the Value of Culture
The National Lottery Community Fund25/05/2016£5.5mNesta Portfolio
The National Lottery Community Fund03/08/2015£400k11 Social Innovations
The National Lottery Community Fund12/08/2014£490kRe-thinking Parks
The National Lottery Community Fund22/05/2014£165kThe Alliance for Useful Evidence
The National Lottery Community Fund21/05/2012£100kAlliance for Useful Evidence
UK government—£240kInclusive Economy Partnership Innovator Support Programme and Model Evaluation
UK government—£400kInclusive Economy Partnership (IEP) Enabling Fund

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE NESTA TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NESTA£55.3m——unclear—no doubt
THE NESTA TRUST FY2025£17.3m—0unclear—no doubt
NEW ECONOMICS FOUNDATION FY2025£5.0m——unclear—no doubt
THE CENTRE FOR INNOVATION IN VOLUNTARY ACTION FY2024£1.2mUnder £60,0000above—no doubt
NEW FUTURES NEPAL LIMITED FY2025£122k—0unclear—no doubt
NATWEST SOCIAL & COMMUNITY CAPITAL FY2024£522k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.