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
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.
- MAZUMDER, Shaunak — director, appointed 01/09/2026not on trustee list
- NOON, David Allan — director, appointed 02/03/2026on trustee list
- THOMPSON, Jane Alexandra — director, appointed 01/10/2024on trustee list
- VINNICOMBE, Helena Victoria Brodie — director, appointed 09/09/2024on trustee list
- KING, Jeremy Bennett Biddle — director, appointed 01/10/2022on trustee list
- BRIEN, Catherine Mary — director, appointed 01/10/2022on trustee list
- RICHARDS, Edward Charles — director, appointed 01/04/2022on trustee list
- LEWIS, Jacqueline — secretary, appointed 20/11/2020
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)
Cost of raising funds
£23.2m
Reserves (reported)
£36.0m
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).
Trustee list from the Charity Commission register (current, not historical).
Operates in: Scotland
Income and spending
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).
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
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.