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← The Koestler Trust

2025-03-31-accounts

The Koestler Trust

Trustees’ Report for the year ended March 31st, 2025

TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31st MARCH 2025

Charity Number 01105759 Company Number 04961363

The Koestler Trust Trustees’ Report for the year ended March 31st, 2025

THE KOESTLER TRUST REPORT AND ACCOUNTS

CONTENTS

Page
Trustees’ Report 1 – 11
Independent Auditors’ Report 12 – 15
Consolidated Statement of Financial Activities 16
Consolidated Balance Sheet 17
Consolidated Cash Flow Statement 18
Notes to the Accounts 19 – 32

The Koestler Trust Trustees’ Report for the year ended March 31st, 2025

TRUSTEES’ REPORT

The Trustees, who are also directors of the Company for the purposes of the Companies Act, and trustees for charity law purposes, present their combined directors’ and trustees’ annual report with the financial statements of the Charity for the year ended 31st March 2025. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 and comply with the Charity’s governing document, applicable law and the requirements of the Statements of Recommended Practice (FRS 102). The Company has taken advantage of the exemptions available to smaller entities.

LEGAL AND ADMINISTRATIVE DETAILS OF THE CHARITY

Charity number: 1105759

Company limited by guarantee number: 4961363

Principal and Registered address: Koestler Arts Centre, 170 Du Cane Road, London W12 0TX

Telephone: 020 8740 0333

Email: info@koestlerarts.org.uk

Website: www.koestlerarts.org.uk

Auditors: Knox Cropper LLP, 65 Leadenhall Street, London EC3A 2AD

Trustees and Company Directors:

Sir Richard Heaton KCB (Chair) Andrea Rose OBE (Vice Chair, Chair of the Arts sub-committee. Resigned 27 March 2025) Sally Bacon OBE Gary Badley Jasmin Booth (Treasurer, Chair of the Finance and HR subcommittee) Tom Campbell (Co-Vice Chair from 27 March 2025, Chair of the Koestler House sub-committee) Jeremy Deller (from 22 July 2025) Amy Frost (from 27 March 2025) Carl Hardwick (Resigned 27 March 2025) Dr Nora Laraki Gary Mansfield (Chair of the Outreach and Involvement subcommittee to April 2025, Chair of the Arts subcommittee from April 2025) Page Nyame Satterthwaite (Co-Vice Chair from 27 March 2025) Carrie Peters (Chair of the Outreach and Involvement subcommittee from April 2025)

Company Secretary and Chief Executive Officer: Fiona Curran

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The Koestler Trust Trustees’ Report for the year ended March 31st, 2025

Honorary President: Ariane Bankes

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Koestler Trust (working name Koestler Arts) is governed by its Memorandum and Articles. Updated Articles of Association were adopted by special resolution passed on 14 December 2022.

The Board of Trustees met four times during the year, and the Annual General Meeting was held on 12 December 2024. The Board has four sub-committees, each of which provides oversight of specific aspects of the charity's work:

Staff management is underpinned by Support and Supervision meetings, where each member of staff meets one-to-one with their line manager every 4-6 weeks. The outcomes of these meetings are recorded in writing. Team meetings are held every three weeks. The Chair of Trustees provides the Chief Executive’s Support and Supervision meetings. The board are grateful to Ingeus for pro bono HR support.

RISK AND INTERNAL CONTROL

An overall risk assessment is reported quarterly to the Board of Trustees. This addresses specific aspects of infrastructure and activity, including data protection, health and safety, human resources, environmental impact and office fabric and equipment. Each of these areas is the responsibility of a designated staff member.

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The Koestler Trust Trustees’ Report for the year ended March 31st, 2025

KOESTLER ARTS — CHARITY OVERVIEW

Our Vision…

The power of the arts unlocks hope, talent and potential in the lives of people in the criminal justice system.

Our Mission…

To inspire participation in the arts by people in prisons and beyond, and to build public recognition of their creative work, fostering communities that support rehabilitation.

We make this happen by focusing on:

We are unique in our reach, engaging with people in prisons, secure hospitals, young offender institutions, secure children’s homes, immigration centres and on probation and community sentences. We support people to access the arts across the whole of the UK, as well as British prisoners abroad.

In addition to our core programme, the annual Koestler Awards, we offer inspiration and support year-round through our unique arts membership scheme for people in prison, monthly Art Aid activity ideas created by individuals who have been in prison themselves, and the only multi-artform arts mentoring programme for prison-leavers in England and Wales. Our programmes are open to anyone who is in custody or is supervised in the community, whether they are engaged with prison education classes or not.

Our exhibitions and events around the UK, online showcasing, and publications offer opportunities for members of the public to see beyond the prison walls and experience this rich and diverse creativity. This helps build communities that are more likely to support resettlement and rehabilitation.

The charity’s small, dedicated team is based at our office on Ministry of Justice land, next to HM Prison Wormwood Scrubs in London. From here, we deliver programmes across the UK and online, while raising the funds each year to enable our vital work to continue.

CHARITABLE OBJECTS

As registered with the Charity Commission, the Charity’s charitable objects are: ‘for the advancement of the arts and education and for purposes beneficial to the community: a) to promote the creative enterprise of inmates and former inmates of prisons, young offender institutions, secure units and any other establishment for the lawful detention of individuals including patients and former patients in high security psychiatric and other hospital units in the United Kingdom ("the institution") and those subject to non-custodial orders in the United Kingdom and persons subjected to similar regimes outside the United Kingdom in the fields of the visual and performing arts, sciences, crafts or trades by the provision of awards to such persons and groups of persons for meritorious work and the exhibition of their work; and b) to institute or support worthwhile artistic or creative

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The Koestler Trust Trustees’ Report for the year ended March 31st, 2025

projects at any of the institutions which aim to stimulate the education or skills of such persons and to assist in their rehabilitation and resettlement in society.’

The Trustees refer to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to our vision and mission.

ACTIVITIES AND ACHIEVEMENTS 2024-25

This year, we developed our strategic plan to 2029, identifying four Strategic Pillars to underpin all our work.

1. Operations: a strong and sustainable base

This was the first year we experienced the benefits of being in the new building to undertake our complex annual processes. The new accessible space improved our capacity to process thousands of submissions, welcome volunteers and guest judges, and host mentoring and staff training sessions. This year, we identified several ways we can use technology to ensure we can develop our future offer, improve the experience of beneficiaries and other stakeholders, and increase efficiency. We migrated our donation data to a new, specialised CRM, and successfully secured restricted funding to develop the digital infrastructure for the Koestler Awards programme. By 2029, we expect this infrastructure to complement other initiatives to deepen our engagement with more participants, at the same time as responding to specific groups (such as young people and immigration detainees) with a faster turnaround and the option to submit files rather than part with precious artworks.

Of course, fundraising is challenging in this climate. Our new fundraising strategy responds by targeting our resources where they can have the most impact. During the year, we restructured our long-running “Named Awards” individual-giving programme to ensure its future impact and sustainability. We are deeply grateful to the wonderful donors who have supported our Named Awards over the years, as well as those who have joined our new “Patrons” programme or become Friends. We benefited from strong business partnerships this year, assisted by a pro bono workshop from For People and Places.

We recently became a Mindful Employer, with all staff able to access an Employee Assistance Programme. We remain a Living Wage Employer.

2. Support: encouragement and recognition for creative work

3,666 people entered the 2024 Koestler Awards, from 309 community and custodial settings.

Through volunteer feedback-writing sessions and the help of our awards judging panel and regular

volunteers, we managed to provide written feedback to 93% of Awards participants on their creative work. Every entrant received a certificate recognising their hard work, and we increased our prize fund to £31,895. Prisons were under enormous pressure this year and the early release programme impacted our ability to get Awards money and

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The Koestler Trust Trustees’ Report for the year ended March 31st, 2025

certificates to participants. We had to put more resources into this and expect reissues of cheques and certificates to continue into 2025-26.

We also awarded over 300 establishment participation certificates, recognising the contributions of prison, hospital, IRC, youth services, and probation staff in supporting participation. We welcomed 48 prison educators to our art tutors’ seminar at the UK exhibition.

Our membership programme for people in custody or on community settings, ‘Associates’, had over 700 active members. All these members received quarterly newsletters and two Creative Challenges (arts activity ideas to support creativity year-round outside the Awards). Our mentoring programme supported 26 new individuals in continuing their arts careers and engagement post-release.

Our team completed 25 establishment visits to inspire participation and support education staff in celebrating achievement. We were delighted that Inua Ellams, our 2025 UK exhibition curator, could join us on our visit to HM Prison Wandsworth.

We noticed that participation in written artforms has been decreasing. To address this, we are designing accessible tools that can be used independently without the need for educational staff assistance.

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The Koestler Trust Trustees’ Report for the year ended March 31st, 2025

3. Creative leadership: inspiring new arts leaders, workers and producers

Each month, we distributed a new Art Aid activity resource, designed by a past Koestler Awards participant (paid commissions). These are always introduced with the creator’s own story of change and growth through creativity.

In 2024, 15% of the 83 judges for the Koestler Awards had lived experience of prison, and for the first time, we recruited openly to the judging panel, offering a targeted opportunity for under-25s. As a result, three young people joined us as judges. We again offered our awards judges stipends to ensure this opportunity was open to all.

Turner Prize-winner Jeremy Deller and artist and Koestler Award-winner, John Costi curated our 2024 exhibition at the Southbank Centre. Their moving, very personal curation was titled No Comment . It included a counter showing the number of people in prison in the UK, so that visitors could see this huge number and remember the thousands of individuals participating in the Koestler Awards.

Six women in HM Prison and Young Offender Institution Low Newton, in Durham, worked with our team in the autumn to curate our North East England exhibition at Baltic, Gateshead. They collaborated with our team to select all the visual art, writing, and music for the show, and gave it the poignant name Almost Home.

A filmmaker with lived experience of prison was commissioned to produce our beautiful North East exhibition film.

We recruited people with lived experience of prison to lead exhibition tours and undertake several prison visits. In March, we connected people in criminal justice settings to World Poetry Day by showcasing poetry and spoken word entries to the Koestler Awards at Rich Mix in London. The event was hosted by John Costi and featured several other artists with lived experience of the justice system performing their works.

Voices from Prison event, March 2025

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The Koestler Trust

Trustees’ Report for the year ended March 31st, 2025

4. Public awareness: fostering communities that support rehabilitation

John Costi and Jeremy Deller at No Comment , our UK exhibition at Southbank Centre

This year, we invested time in refining our approach to communicating our work and its impact. The Impact section of our website has been updated, and we have replaced our Annual Review booklet with an Impact Snapshot.

We were delighted that the Minister for Prisons, Lord Timpson, opened our 2024 exhibition at the Southbank Centre, demonstrating his passion for our work. Over 11,000 people visited, with even more people interacting with the strong press coverage, including coverage on Channel 4 News and in The Face. We received over 10,000 audience feedback cards, evidence of the exhibition’s profound impact. Our team, including the curators and Exhibition Guides, welcomed over 750 people on public and pre-arranged exhibition tours. The exhibition featured a film about the curation process for the first time, providing visitors and online viewers with much more context. The visitors’ book was crammed full of comments about the show:

“Amazing work. So inventive. It has inspired me to try to rediscover my own creativity”

“Absolutely blown away! Moving. A reminder of humanity in us all – and how it can be ignored”

Also in the autumn, we reprinted the first (sold-out) volume of our poetry anthology, which includes a foreword by the late Benjamin Zephaniah. To reach a wider audience, we shared the anthology content on our site for the first time.

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The Koestler Trust Trustees’ Report for the year ended March 31st, 2025

In January, we showcased stage play submissions to the Koestler Awards in partnership with Synergy Theatre at the Royal Court Theatre and HM Prison Thameside, supported by Serco.

We opened the North East exhibition, co-curated by HM Prison Low Newton, on 19 February 2025. The show ran till 11 May and was visited by over 33,000 people.

Almost Home, exhibition poster and installation image

We welcomed over 180 guests to three exhibited artists’ Friends and Family days at the Southbank Centre, with a further event at the North East show in April. Given the importance of relationships with family to mental health, wellbeing and reducing reoffending, we were delighted to see such high numbers.

We are committed to ensuring people across the criminal justice system can see with their own eyes the possibilities that getting creative opens up. Both exhibitions were accompanied by films and celebration brochures, which we disseminated to participants and featured online.

FUTURE PLANS

In 2025-26, we will collaborate with experts to start to develop new digital infrastructure that enables us to engage with and respond to participants more effectively for years to come. We will welcome Nazanin Zaghari-Ratcliffe as our judge for the themed category awards, and we will add our first new category in several years, ‘Mosaic’, to the wide range of options offered to Awards participants. We will also provide a new Creative Challenge art activity outside of the Awards cycle to sustain creativity throughout the year in the form of a card design activity for our Associates membership.

Inua Ellams will curate our UK exhibition at the Southbank Centre in the autumn, and, in January 2026, we will present an exhibition of work from the local area at the Old Fire

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The Koestler Trust Trustees’ Report for the year ended March 31st, 2025

Station in Oxford. We will also publish a new poetry anthology, which, for the first time, will be edited by someone who can draw on their own experience of imprisonment to make their selection, the poet and performer, Lady Unchained.

FINANCIAL REVIEW

Our largest supporter was again Paul Hamlyn Foundation, with their 2024-25 grant providing the base for the team’s fundraising efforts to build upon.

Government funding remained at a similar level to previous years, through our Arts Council England National Portfolio grant and our HMPPS grant. Our main funders are critical to the charity’s resilience.

Despite successful efforts to diversify our funding, trusts and foundations remained the largest source of our income. We are grateful to the Garfield Weston Foundation and the Henry Smith Foundation for their multi-year support, providing Koestler Arts with reliable and efficient funding. Similarly, the William Arthur Rudd Memorial Trust, the Bromley Trust and Maingot Charitable Trust have become longstanding and instrumental partners. We were grateful to receive the last, unexpected, grant from Marie-Louise von Motesiczky Charitable Trust and remain deeply grateful to their trustees for a decade-long relationship that was critical to our mentoring programme’s success.

The 2024-25 period saw our corporate partners providing a record-high level of support for our charity. To our well-established partnerships with Sodexo, Serco, Elysium Healthcare, CCLA and Doughty Street Chambers, we added several new relationships. We are thankful for the support of Ares Financial Services, Wates, AtkinsRéalis, and 2 Bedford Row Chambers.

We continue to rely on the generosity of hundreds of individuals who passionately support the work of the charity, and were heartened to see the success of two public fundraising appeals during the year, which included matched donations to double their impact. In April 2024, our trustee, podcaster and artist with lived experience of prison, Gary Mansfield, led our BBC Radio 4 appeal focusing on our mentoring programme, which raised over £15,000 from public donations. This was generously matched by a Trust that has been a longstanding funder of the charity, which requested to remain anonymous. In March 2025, we participated in the Big Give — Arts for Impact match-funding campaign, which focused on the impact of our exhibitions on artists and audiences. We were very pleased with the response, which exceeded our target.

Our consolidated income for 2024-25 was £964,272. A significant increase over the previous year, which allowed us to respond to the high demand for our work. Having started the year’s projections with a small deficit, our dedicated team worked hard to keep costs low, secure pro bono support, and maintain partnerships, while also raising income through imaginative campaigns, collaboration, and by making our impact very clear. Thanks to these efforts, the team managed to overcome the deficit and ended this year with a small surplus, a welcome result after the small deficit in 2023-24.

RESERVES

The Charity has no permanent endowment. It must raise money on an ongoing basis. The Trustees' policy is to maintain reserves of unrestricted funds to cover the total costs of

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The Koestler Trust Trustees’ Report for the year ended March 31st, 2025

running the Charity for at least three months ahead. At the year-end, the Charity had free reserves of £259,512 with an unrestricted reserve (including designated funds) of £616,437.

FUNDRAISING PRACTICES

All fundraising for Koestler Arts is undertaken by the staff team, led by the Chief Executive and Director of Development. No professional fundraisers or commercial participators carry out any fundraising activities on our behalf. Donor data is maintained on a secure database, and staff have undertaken training in the requirements of GDPR legislation.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the annual report and the financial statement in accordance with applicable law and United Kingdom generally accepted accounting practice. Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the net income or expenditure of the Charity for the year. In preparing these financial statements the Trustees are required to:

The Trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006.

They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees, who are Directors for the purpose of company law and Trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.

In accordance with company law, as the Company’s directors, we certify that:

This annual report surveys a successful year for Koestler Arts. We are an arts charity, celebrating and encouraging creativity. We are also a criminal justice charity, playing our part in rehabilitation and personal development. This year, we have enjoyed participation in the arts from custodial and non-custodial settings across every nation of the United Kingdom, as well as from some British prisoners serving sentences abroad. Our showcasing programme included our first exhibition in the North East since 2016, at the wonderful

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The Koestler Trust Trustees’ Report for the year ended March 31st, 2025

Baltic Gallery in Gateshead, curated by women in a local prison. We are also enormously grateful to the Southbank Centre, our long-term exhibition partner in London.

We are, of course, dependent on financial support from those who like what we are trying to do. We launched a new Patrons Scheme this year, and we were pleased to see new supporters sign up, as well as friends who have kindly followed and supported us for years. We were also pleased to see new funding relationships take shape with a number of business partners. We hope to build on this promising development next year.

The Charity has been well served by a Board of committed and knowledgeable trustees. This year, we said goodbye to two long-standing trustees, Carl Hardwick and Vice Chair Andrea Rose. Their successors on the Board are the Governor of HMP Wormwood Scrubs, Amy Frost, and artist and long-time Koestler Arts contributor Jeremy Deller. Page NyameSatterthwaite and Tom Campbell are now co-Vice Chairs, and Sally Bacon leads a new nominations committee to plan future board appointments.

But as ever, it is the small staff team who give Koestler Arts its energy and who get things done. The Trustees would like to express our warm thanks to Fiona Curran and her colleagues, both long-standing and new, for all their work this year. It has allowed creativity to flourish where it might be least expected, and it has improved the lives and the futures of the men and women we work with.

At the Southbank exhibition, our curators installed a counter. It displayed the number of people currently detained in the nation’s prisons. It perhaps served to remind visitors that representing and supporting the individuals behind the huge number is what we, and other brilliant charities in our sector, do best.

Approved by the Trustees and signed on their behalf by:

Richard Heaton

Sir Richard Heaton KCB Chair of Trustees DATE _______ 18 Dec 2025

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The Koestler Trust Independent Auditor's Report To The Members Of The Koestler Trust For the ear ended 31 March 2025 y

Opinion

We have audited the financial statements of The Koestler Trust (the ‘parent company’) and its subsidiary ('the group') for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Consolidated Statement of Cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

/Continued …

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The Koestler Trust Independent Auditor's Report To The Members Of The Koestler Trust For the ear ended 31 March 2025 y

(Continued)

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement in the Trustees' Report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group's and parent company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent company or to cease operations, or have no realistic alternative but to do so.

/Continued …

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The Koestler Trust Independent Auditor's Report To The Members Of The Koestler Trust For the ear ended 31 March 2025 y

(Continued)

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

/Continued …

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The Koestler Trust

Independent Auditor's Report To The Members Of The Koestler Trust For the ear ended 31 March 2025 y

(Continued)

Use of our report

This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken, so that we might state to the parent company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report or for the opinions we have formed.

Shoaib Arshad (Senior Statutory Auditor) For and on behalf of:

Knox Cropper LLP

Chartered Accountants & Statutory Auditors 65 Leadenhall Street London EC3A 2AD

Registered company no. 04961363

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The Koestler Trust

Consolidated Statement of Financial Activities (incorporating the Income and Expenditure Account) For the ear ended 31 March 2025 y

Koestler House
Unrestricted
Restricted
Funds
Funds
Note
2025
2025
£
£
INCOME AND ENDOWMENTS FROM:
Donations and legacies
for charitable activities
2
870,226
-
for capital development
2
-
-
Other trading activities
4
44,497
-
Investments
5
12,649
-
TOTAL
927,372
-
EXPENDITURE ON:
Raising funds
Costs of generating voluntary
income
118,677
-
Charitable activities
694,740
111,434
TOTAL EXPENDITURE
6
813,417
111,434
NET MOVEMENT IN FUNDS
113,955
(111,434)
RECONCILIATION OF FUNDS:
TOTAL FUNDS AT 1 APRIL 2024
524,785
1,317,645
TOTAL FUNDS AT 31 MARCH 2025
638,740
£
1,206,211
**£ **		 Other
Restricted
Funds
2025
£
36,900
-
-
-
36,900
-
36,900
36,900
-
-
Nil
£		 Total
Funds
2025
£
907,126
-
44,497
12,649		 Total
Funds
2024
£
710,426
46,942
49,486
6,700
964,272 813,554
118,677
843,074		 104,656
744,492
961,751 849,148
2,521
1,842,430		 (35,594)
1,878,024
1,844,951
**£ **		 1,842,430
_£ _

All income and expenditure has arisen from continuing activities. None of the Charity’s activities were acquired or discontinued during the above two financial years.

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The Koestler Trust

(company limited by guarantee) (registered company no. 04961363) Consolidated Balance Sheet

As at 31 March 2025

Notes Charity Group Charity Group
2025 2025 2024 2024
£ £ £ £
FIXED ASSETS
Tangible assets 10 1,303,137 1,303,136 1,352,309 1,352,308
Investments 11 231,687 231,686 106,959 106,958
1,534,824 1,534,822 1,459,268 1,459,266
CURRENT ASSETS
Debtors 13 33,613 34,733 39,482 37,625
Cash at bank and in hand 493,369 528,082 597,583 615,618
526,982 562,815 637,065 653,243
CREDITORS: amounts falling due within
one year 14 (239,158) (252,686) (258,459) (270,079)
NET CURRENT ASSETS 287,824 310,129 378,606 383,164
NET ASSETS **£ ** 1,822,648 **£ ** 1,844,951 _£ _ 1,837,874
 _£ _ 1,842,430
FUNDS
Unrestricted funds:
Designated funds 15 356,925 356,925 265,346 265,346
Subsidiary companies 15 - 22,303 - 4,556
General fund 15 259,512 259,512 254,883 254,883
616,437 638,740 520,229 524,785
Restricted funds 15 1,206,211 1,206,211 1,317,645 1,317,645
**£ ** 1,822,648 **£ ** 1,844,951 _£ _ 1,837,874
 _£ _ 1,842,430

The financial statements have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companies and the Financial Reporting Standard 102. The financial statements were approved, and authorised for issue, by the Board of Trustees on ________ and signed on their behalf by:18 Dec 2025

Richard Heaton

SIR RICHARD HEATON KCB, Chair

JASMIN BOOTH, Treasurer

The annexed notes form part of these financial statements

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The Koestler Trust Consolidated Cash Flow Statement For the ear ended 31 March 2025 y

Cash flows from operating activities
Surplus/(deficit) for the financial year
Adjustments for:
Depreciation
Decrease in debtors
(Increase)/decrease in creditors
Investment income
Net cash flows from operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of investments (fixed and short term)
Return on investment - interest receivable
Net decrease in cash and cash equivalents
Cash and cash equivalents at 1 April 2024
Components of cash and cash equivalents
At 1 April
2024
£
Cash at bank and in hand
615,618
Cash and cash equivalents at 31 March 2025		 2025
£
2,521
113,697
2,892
(17,393)
(12,649)
89,068
(64,525)
(124,728)
12,649
(87,536)
1,004,809
917,273
£
Cashflows
£
(87,536)		 2024
£
(35,594)
2,912
49,076
85,389
(6,700)
95,083
(420,025)
43,275
6,700
(274,967)
995,686
720,719
_£ _
At 31 March
2025
£
528,082

18

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

1. ACCOUNTING POLICIES

Basis of preparation of financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102 have been prepared under the historical cost convention, and in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' (FRS 102) and the Companies Act 2006. The presentational currency of the financial statements is Pound Sterling (£).

The Trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

Group financial statements

These financial statements consolidate the results of the Charity and its wholly-owned subsidiary, Koestler (Sales) Limited, on a line by line basis. A separate Statement of Financial Activities for the Charity itself is not presented because the Charity has taken advantage of the exemptions afforded by the Companies Act 2006 and SORP 2015.

Company status

The Koestler Trust is a company limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Statutory grants which are given as contributions towards the Charity's core services are treated as unrestricted.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income, it is probable that the amount will be received and the amount can be quantified with reasonable accuracy. Revenue grants recieved are deferred when conditions are attached, for example when they relate to a specific future period.

Investment Income is recognised on an accruals basis.

19

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

Resources Expended

Expenditure is recognised on an accruals basis, inclusive of irrecoverable VAT.

Charitable activities include expenditure associated with the staging of art exhibitions as an essential part of promoting artistic activities on the part of people within the criminal justice system, as set out in the Trust’s Objectives stated in the Trustees report. They also include the award of prizes for the artistic merit of the work and the activities of the Koestler Art Centre, which organises the exhibitions, promotes the work of the Trust within the prison system, including specific arts projects and exhibits prisoner art on a permanent basis.

Support costs are overhead expenditure and management costs necessary in order to control the charitable activities of the Trust and ensure that the Trust’s objectives are being achieved. They are allocated over the charity’s expenditure headings, including fundraising, charitable activities and governance based on staff costs.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Koestler House on leased land Over 10 years Computer equipment Over 4 years Fixtures, fittings & equipment Over 7 years

Pensions

The Charity contributes to a defined contribution pension scheme on behalf of a number of employees. The pension charge represents the amount payable by the charity to the pension fund in respect of the year.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Judgements and key sources of estimation uncertainty

Judgements and key sources of estimation uncertainty are detailed in the above accounting policies, where applicable.

Financial Instruments

The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments, for example debtors, cash at bank and creditors. These are initially recognised at transaction value and subsequently valued at settlement value.

20

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

2.
DONATIONS AND LEGACIES
Income for Charitable activities
Donations from Public Sector
Donations from Trusts
Donations from Businesses
Donations from Individuals
Sales of Donated Goods
Legacies
Capital Grants (note 3)
Comparative donations and legacies
Income for Charitable activities
Donations from Public Sector
Donations from Trusts
Donations from Businesses
Donations from Individuals
Sales of Donated Goods
Legacies		 Unrestricted
Funds
2025
£
151,380
433,284
130,741
107,524
1,291
46,006
870,226
-
870,226
£
Unrestricted
Funds
2024
£
151,380
320,193
86,612
73,381
645
31,950
664,161
-
664,161
_£ _		 Restricted
Funds
2025
£
-
36,900
-
-
-
-
36,900
-
36,900
£
Restricted
Funds
2024
£
3,750
41,758
250
507
-
-
46,265
46,942
93,207
_£ _		 Total
Funds
2025
£
151,380
470,184
130,741
107,524
1,291
46,006
907,126
-
907,126
**£ **		 Total
Funds
2024
£
155,130
361,951
86,862
73,888
645
31,950
710,426
46,942
757,368
_£ _
Total
Funds
2024
£
155,130
361,951
86,862
73,888
645
31,950
710,426
46,942
757,368
_£ _

In addition to the above grants, donations and legacies, the Ministry of Justice provides the charity with the use of leasehold land at HMP Wormwood Scrubs for the Koestler House. This use is provided at nil consideration. The benefit has not been recognised in the Statement of Financial Activities as its value cannot be measured reliably.

21

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

3.
KOESTLER HOUSE DEVELOPMENT
Capital Funds brought forward
Restricted grants and donations (note 2)
Analysis of Capital Funds (note 15)
Designated Funds
Restricted Funds
Capital costs incurred
Building costs at 1 April 2024
Additions during the year ended 31 March 2025
Total capital costs incurred by 31 March 2025		 2025
£
1,428,860
-
1,428,860
£
82,503
1,346,357
1,428,860
£
1,378,177
62,093
1,440,270
**£ **		 2024
£
1,381,918
46,942
1,428,860
_£ _
82,503
1,346,357
1,428,860
_£ _
959,228
418,949
1,378,177
_£ _

The charity completed the move to the new building in 2024-25. Final payments to builders will be made on satisfactory completion of all snagging, and some expenditure on landscaping etc is ongoing.

4. INCOME FROM OTHER TRADING ACTIVITIES

Earned income
Trading income
Total 2025
Total 2024
5.
INVESTMENT INCOME
Interest receivable from:
Bank interest
Total 2025
Total 2024		 Unrestricted
Funds
2025
£
-
44,497
44,497
£
49,053
£
Unrestricted
Funds
2025
£
12,649
12,649
£
6,700
_£ _		 Restricted
Funds
2025
£
-
-
Nil
£
Nil
£
Restricted
Funds
2025
£
-
Nil
£
Nil
£		 Total
Funds
2025
£
-
44,497
44,497
£
Total
Funds
2025
£
12,649
12,649
**£ **		 Total
Funds
2024
£
433
49,053
49,486
_£ _
Total
Funds
2024
£
6,700
6,700
_£ _

22

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

6.
RESOURCES EXPENDED
Staff costs
£
Cost of charitable
activities by project:
UK Exhibition at
Southbank
49,521
Out of London
Exhibitions
54,612
Prizes Awarded
-
Arts Response & Awards
117,716
Publicity
38,885
Mentoring
59,189
Outreach and
Involvement
45,843
Koestler sales
-
Total charitable
expenditure
365,766
Costs of generating
voluntary income
59,389
425,155
£
Resources expended include:
Audit fee (inclusive of VAT)
Other services
Depreciation		 Other direct
costs
£
53,503
10,359
25,545
21,546
10,532
10,737
10,573
26,752
169,547
9,317
178,864
£		 Support
costs
£
41,668
45,951
-
99,048
32,718
49,803
38,573
-
307,761
49,971
357,732
£		 Total 2025
£
144,692
110,922
25,545
238,310
82,135
119,729
94,989
26,752
843,074
118,677
961,751
£
2025
6,876
2,136
113,697		 Total 2024
£
60,412
66,904
36,118
281,988
80,387
97,630
102,912
18,141
744,492
104,656
849,148
_£ _
2024
6,600
2,040
5,844

Details of staff costs are given in Note 8.

23

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

6. RESOURCES EXPENDED (continued)

Comparative resources expended

Other direct Support
Staff costs costs costs Total 2024
£ £ £ £
Cost of charitable
activities by project:
UK Exhibition at
Southbank 15,835 33,583 10,994 60,412
Out of London
Exhibitions 35,827 6,203 24,874 66,904
Prizes Awarded - 36,118 - 36,118
Arts Response & Awards 152,955 22,838 106,195 281,988
Publicity 35,134 20,860 24,393 80,387
Mentoring 53,838 6,383 37,409 97,630
Outreach and
Involvement 56,962 6,402 39,548 102,912
Koestler sales - 18,141 - 18,141
Total charitable
expenditure 350,551 150,528 243,413 744,492
Costs of generating
voluntary income 56,640 8,691 39,325 104,656
_£ _ 407,191 _£ _ 159,219
 _£ _ 282,738 _£ _ 849,148

7. SUPPORT COSTS

SUPPORT COSTS
Total Total
2025 2024
£ £
Governance costs 9,069 9,320
Staff costs 110,267 132,903
General overheads 238,396 140,515
**£ ** 357,732 _£ _ 282,738

24

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

8. STAFF NUMBERS AND COSTS

Wages and salaries
Social security costs
Pension costs
Cost of contracted staff
Other staff related costs
Allocated to:
Charitable activities
Fundraising costs
Support costs
Average number of employees		 2025
£
443,522
42,701
27,505
20,160
1,534
535,422
£
2025
£
365,766
59,389
110,267
535,422
£
14		 2024
£
451,492
37,971
26,545
15,048
9,038
540,094
_£ _
2024
£
350,551
56,640
132,903
540,094
_£ _
17

One (2024: one) employee received remuneration of more than £60,000 between £70,001 to £80,000.

The key management personnel of the Charity are those persons having authority and responsibility for planning, directing and controlling the activities of the Charity, directly or indirectly, including any Trustee of the Charity. In addition to the Trustees, Key management personnel includes the management team.

Following the recommendations of the National Council for Voluntary Organisations’ guidance on Setting and Communicating Remuneration Polices (April 2014), and with the agreement of the individual staff involved, the Koestler Trust has started publishing the gross salaries of its management team. These are as follows:

Chief Executive
Director of Arts
Director of Outreach & Involvement
Director of Development		 2025
£
77,989
48,102
42,742
58,807
227,640
**£ **		 2024
£
75,617
45,213
43,241
50,399
214,470
_£ _

25

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

9. TRUSTEES REMUNERATION AND BENEFITS

The Articles of Association allow for the payment of professional fees to Trustees under certain circumstances, however, during the year, no members of the Board of Trustees received any remuneration (2024 - £NIL). 1 member (2024 : 0 members) of the Board of Trustees received reimbursement of travel expenses amounting to £35 (2024 - £NIL). Other related party transactions are reported in note 18.

10. TANGIBLE FIXED ASSETS

Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
11. INVESTMENTS
CCLA COIF Charities Deposit Fund
Investment in subsidiaries (note 12)		 Koestler
House
£
1,378,177
62,093
1,440,270
28,712
111,434
140,146
1,300,124
£
1,349,465
£
Charity
2025
£
231,686
1
231,687
**£ **		 Fixture and
fittings
£
3,784
-
3,784
3,044
426
3,470
314
£
740
£
Group
2025
£
231,686
-
231,686
**£ **		 Computer
equipment
£
20,450
2,432
22,882
18,347
1,837
20,184
2,698
£
2,103
£
Charity
2024
£
106,958
1
106,959
_£ _		 Total
£
1,402,411
64,525
1,466,936
50,103
113,697
163,800
1,303,136
**£ **
1,352,308
_£ _
Group
2024
£
106,958
-
106,958
_£ _

26

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

12. INVESTMENT IN SUBSIDIARIES

Koestler (Sales) Limited is a company limited by guarantee whose members are also the trustees of the Koestler Trust. The Company had a policy of donating 25% of sales income from participants' artwork to Victim Support and is included in the costs of sales. The Company also had a policy to gift aid its profits to the Trust.

The financial results of Koestler (Sales) Limited are as follows:

Turnover
Cost of sales
Administrative costs
Profit before Corporation Tax
Corporation tax charge
Net profit for the year
Gift Aid donations to Koestler Trust (see note below)
Change in reserves
Current assets
Liabilities
Profit and loss account
Capital and reserves		 2025
£
44,497
(21,762)
(4,507)
18,228
-
18,228
(481)
17,747
£
35,352
35,352
(13,051)
22,301
£
22,301
22,301
**£ **		 2024
£
49,053
(12,746)
(5,135)
31,172
(298)
30,874
(45,586)
(14,712)
£
18,674
18,674
(14,119)
4,555
_£ _
4,555
4,555
_£ _

Following are the inter-company transactions during the year and balances held at the year end.

Gift Aided donations to the parent charity (Koestler Trust):
Gift Aid paid during the year from the prior year's pre-tax profits
Gift Aid paid during the year from the current year's pre-tax profits
Balance due to Koestler Trust as at 31 March 2025
Total Gift Aided donations made during the year		 2025
£
-
481
481
1,000		 2024
£
15,193
30,393
45,586
_£ _
2,496

27

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

13. DEBTORS
Charity
2025
Due within one year
£
Gift Aid recoverable
5,006
Due from group undertakings
1,000
Prepayments and accrued income
27,607
Other debtors
-
33,613
£
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR		 Group
2025
£
5,006
1,481
28,246
-
34,733
**£ **		 Charity
2024
£
9,685
2,496
27,301
-
39,482
_£ _		 Group
2024
£
9,685
-
27,784
156
37,625
_£ _
Grants in advance
Payments due to Victim Support
Social security and other taxes
Accruals
Other creditors		 Charity
2025
£
223,348
-
7,854
7,956
-
239,158
**£ **		 Group
2025
£
223,348
6,080
7,854
15,404
-
252,686
**£ **		 Charity
2024
£
238,784
-
9,384
10,291
-
258,459
_£ _		 Group
2024
£
238,784
4,390
9,384
17,521
-
270,079
_£ _

28

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

15. STATEMENT OF FUNDS

DESIGNATED FUNDS
Outreach Fund
Mentoring Fund
MLVM Planned activities
Arts Awards and Response
Fund
Koestler House Capital
costs
Koestler House Running
costs
Fundraising and Comms
development
Premises Fund
Fixed Assets Fund
RESTRICTED FUNDS
UK Exhibition at
Southbank
Koestler House
Development Fund
Mentoring
SUMMARY OF FUNDS
Designated Funds
Subsidiary companies
General Funds
Restricted Funds		 Brought
Forward
£
20,000
20,000
-

80,000
80,683
20,000
10,000
31,820
2,843
-
265,346
£
-
1,317,645
-
1,317,645
£
265,346
4,556
254,883
524,785
1,317,645
1,842,430
£		 Incoming
Resources
£
-
-
50,000
-
-
-
-
-
-
50,000
£
-
-
36,900
36,900
£
50,000
44,497
832,875
927,372
36,900
964,272
**£ **		 Resources
Expended
£
(94,989)
(20,000)
-
(238,310)
-
-
(10,000)
-
-
(363,299)
£
-
(111,434)
(36,900)
(148,334)
£
(363,299)
(26,750)
(423,368)
(813,417)
(148,334)
(961,751)
£		 Transfers and
investment
gains/(losses)
£
124,989
-
-
248,310
(60,683)
-
30,000
62,093
169
-
404,878
£
-
-
-
Nil
£
404,878
-
(404,878)
-
-
Nil
£		 Carried
Forward
£
50,000
-
50,000
90,000
20,000
20,000
30,000
93,913
3,012
356,925
**£ **
-
1,206,211
-
1,206,211
**£ **
356,925
22,303
259,512
638,740
1,206,211
1,844,951
**£ **

29

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

15. STATEMENT OF FUNDS (continued)

Comparative statement of funds

DESIGNATED FUNDS
Outreach Fund
Mentoring Fund
Arts Awards and
Response Fund
Koestler House Capital
costs
Koestler House Running
costs
Fundraising and Comms
development
Family Support and Hosts
Fund
Website and Database
Development Fund
Premises Fund
Fixed Assets Fund
RESTRICTED FUNDS
UK Exhibition at
Southbank
Koestler House
Development Fund
Mentoring
SUMMARY OF FUNDS
Designated Funds
Subsidiary companies
General Funds
Restricted Funds		 Brought
Forward
£
65,000
50,000
100,000
-
-
-
15,000
30,730
-
-
260,730
£
-
1,299,415
22,112
1,321,527
£
260,730
19,268
276,499
556,497
1,321,527
1,878,024
_£ _		 Incoming
Resources
£
-
-
-
-
-
-
-
-
-
-
Nil
£
17,818
46,942
(18,495)
46,265
£
-
49,053
671,294
720,347
46,265
766,612
_£ _		 Resources
Expended
£
(102,912)
(47,071)
(281,988)
-
-
-
(15,892)
(35,357)
-
-
(483,220)
£
(17,818)
(28,712)
(3,617)
(50,147)
£
(483,220)
(63,765)
(205,074)
(752,059)
(50,147)
(802,206)
£		 Transfers and
investment
gains/(losses)
£
57,912
17,071
261,988
80,683
20,000
10,000
892
4,627
31,820
2,843
487,836
£
-
-
-
Nil
£
487,836
-
(487,836)
-
-
Nil
£		 Carried
Forward
£
20,000
20,000
80,000
80,683
20,000
10,000
-
-
31,820
2,843
265,346
_£ _
-
1,317,645
-
1,317,645
_£ _
265,346
4,556
254,883
524,785
1,317,645
1,842,430
_£ _

30

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Funds Unrestricted Funds Unrestricted Funds
Designated General Restricted Total
Funds Funds Funds Funds
£ £ £ £
Tangible fixed assets - 3,012 1,300,124 1,303,136
Fixed asset investments - 231,686 - 231,686
Net current assets 356,925 47,117 (93,913) 310,129
**£ ** 356,925 **£ ** 281,815 **£ ** 1,206,211 **£ ** 1,844,951
Comparative analysis of net assets between funds
Unrestricted Funds
Designated General Restricted Total
Funds Funds Funds Funds
£ £ £ £
Tangible fixed assets - 2,843 1,349,465 1,352,308
Fixed asset investments - 106,958 - 106,958
Net current assets 265,346 149,638 (31,820) 383,164
_£ _ 265,346 _£ _ 259,439 _£ _ 1,317,645 _£ _ 1,842,430

17. PENSION COMMITMENTS

Pension costs in note 8 relate to payments made to a defined contribution pension scheme. The charitable company’s liability is limited to making the payments due to the scheme on a timely basis. The liability at the 31 March 2025 is nil (2024 : nil).

18. RELATED PARTIES

The charity's transactions with the related parties are disclosed in notes 8 and 9. One trustee, Gary Mansfield, received a total fee of £400 for delivering a talk at a university and for a freelance visit to HMP Maidstone on behalf of Koestler Arts. There were no other related party transactions.

31

The Koestler Trust Notes to the consolidated Financial Statements For the ear ended 31 March 2025 y

19. COMPARATIVE CONSOLIDATED 19. COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL OF FINANCIAL ACTIVITIES
Koestler House Other
Unrestricted dUnrestricted Restricted Restricted Total
Funds s Funds Funds Funds Funds
2025 5 2024 2024 2024 2024
£ £ £ £ £ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies
for charitable activities 664,161 - 46,265 710,426
for capital development - 46,942 - 46,942
Other trading activities 49,486 - - 49,486
Investments 6,700 - - 6,700
TOTAL 720,347 46,942 46,265 813,554
EXPENDITURE ON:
Raising funds
Costs of generating voluntary
income 104,656 - - 104,656
Charitable activities 647,403 28,712 68,377 744,492
TOTAL EXPENDITURE 752,059 28,712 68,377 849,148
NET MOVEMENT IN FUNDS (31,712) 18,230 (22,112) (35,594)
RECONCILIATION OF FUNDS:
TOTAL FUNDS AT 31 MARCH 2023 556,497 1,299,415 22,112 1,878,024
TOTAL FUNDS AT 31 MARCH 2024 _£ _ 524,785
 _£ _ 1,317,645
 £ Nil
 _£ _ 1,842,430

32