REGISTERED COMPANY NUSBER. 00030172 (England and Wales) REGISTERED CHARITY NU]BER. 1200294 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR KNAPP FOUNDATION CIO Malihouse & Company Chartered Accounlants America House. Rumford Court Rumford Place Liverpool Merseyside L3 9DD
KNAPP FOUNDATION CIO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independent Examinefs Report 8 to 9 Statement of Financial Activities 10 Balance Sheet 11 10 12 Noles to the Financial Statements 13 10 17 tkiail¢d Sthtcmcnl of Finala1 A¢iivili¢s 18 to 19
KNAPP FOUNDATION CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also diffctOT5 of the charity for the purposes of the Companies A¢t 2006, present their report wilh the financial slalements of the charity for (he year ¢nd¢d 31 December 2024. The trustees have adopt¢d the proi'isiotjs of Accounting and Reporting by Charities.. Stalem¢nr of R¢¢oirniiend¢d Pra¢ii¢e applicable to charilies preparii)g thetr accounis in ac¢ordanc¢ wilh ihe Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective l January 2019). The Knapp Foundation was creaied in memory of Dr Fcrdinand Knapp, who died in 2014. Dr Knapp was a Gemian citizen with Aus(Tian roots who studied at Heidelberg, Edinburgh and Cajnbridge and became a bank¢r in ihe Uniid Kingdom. He was a gifted linguist with a love of Gem)an, French and English literature and of the European intellectual adItiOn from its origins in antiquity to thc present day. The Foundation exists 10 promote the exploralion and und¢tstsnding of Ih¥i iradition, including ils political and religious eleinenis and their challengers, lis cu¢nI relevance, and its ssIble futur¢. The Foundtstion fuiids scholars of Euroan inlellcciual and social history to carry out philosophical, hibtori¢al, and ChiVa1 siudy. parfiLularly in uniYer5ilies and higher places of learning. The Foundation was established as a Charitablc Incorporalcd Organisaiion ICIO) in Scptcinber 2022, Cl)arily Nuinber 1200294. Its ¢haritabl¢ obj¢¢is are.. The advanccm¢nt of education for the bei)efit of the public through the provision of scholarships and bursaries and otlicr similar suppon for posi-8raduale edu¢alion and rcscarch and the useful dissemination of such r¢s¢ar¢h to the public. OWECTIVES AND ACTIVITIES The Charlly's mlsslon 1$: The siippurt of higli-qualily scholarship on the European intellectual trddition and lis relevance for the prLsLni day. W¢ fund scholars of EUrOart iniellcctual and social hislory who are capabl¢ of i)iaking original coniribuiions in ih¢ir fi¢lds, bui who Ive failed io gain financial support througli other Ineans. The Foundation makes grdnls lo individuals and bponsors or undertak¢s oribvinal r¢s¢ar¢h. Our I'is10n: Tlic Knapp Foundation supports scholars pursuing acad¢mi¢ ¢nd¢avour a¢ ihe highe51 level. We promote research into European Int¢llcctu)l and social history, broadly interpreted. from ils roots in classical (Greek and Rotnanl anliquity lo the present day. We do this through philosophical, historical, and archival research, fully acknowledging lh¢ political and religious Iraditions and their challengers within tliar history. W¢ support study, research publication and the practices that sustain those endeavours wliich might otherwise fail io find financial support. We seek to op¢n pail)s for fundamental enquiri¢s into truih, across ihe ccnluries, c5pecially in universilies and higher places of learnin8. Pag¢ I
KNAPP FOUNDATION CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Significant activities During the period ¢over¢d by this report the Foundation continued pursuing its chariiable objeciiv¢s in four main areas of work.. The Origins of Contemporari. Thought Geographies and HistOTie$ of the West Hi51ory and Hi5toricality Technocracy and Moderlllty Eo¢h of thes¢ research Sireams is spli¢ inio specific projects. Our work on The Origins of Contempornry Thought included new s¢holarship on Martin Heidegger's work connecting ancient philosophy, and in particular ihe work of Parnienidcs, Anaximander and H¢rJ¢lilus, with ¢ontcniporary ihinking. The Hcidegger and Classical Thoughi proJ¢¢t ¢oniii)ues lo include a successful and highly engagiiig we¢kly vinual seminar (now in lis fifth year) bringing togcther soine of Ihe leading experts on Martin Hcideggerfs philosophy from around the world in philosophy and in classical philology, led by Professor Laurence Hemming and DT AJroii Turner, working in Eiiglisli. Gernian and An¢i¢ni Greek. The wcekly virtual seminar resumed in October 2024. working ihrough Manin Heideggcr's Iccture course Holderlins Hjniiieii.. "Geimlliiien" lind "Der Rheiii-. The reading group will coi)tinuc weekly until May 2025 and will ih¢n rerum with 4 new lexi in Oc¢ob¢r 2025. In April 2024. Dr. Lasha Khardzi successfully organis¢d a conference for ihe Heidegger and Cla$5ical 'rhougJht prvj¢ci on The L¢ap info thc Inception, which brought an international array of scholars logeth¢r lo consider 501ne under4iscusscd bul cenlrally IMrtant works froiii the 1930$. Key)ot¢ speakers ii)¢lud¢d Richard Polt. Laurence Hemming, Daniela Vall¢ga N¢u. and P¢i¢r Trnwny. The Foundation is Continuing ¢0 support ihc ¢siablishmcni of ihe Falsafa Projcct on Thc Intcllectual History of Islain in Europc, within the research stream on the Shape and Hisiory of the Wesi, lcd by Prof¢ssor NidLr El-Bizri who has b¢¢n joined by Professor John Mar¢nbon of Trinity College, Cainbridge. and Dr Magnu5 Ryan of Peterhouse, Cambridge (who Ix)ih joined th¢ a¢ad¢mi¢ advisory l)Odrd of ih¢ Foundation in lai¢ 2024), who will help shape the project. This iniportant project is examining the relationship beiween Islam and Westem Th¢ology and Philosopl)y aiid tl)e wid¢ly a¢cept¢d narraiii'¢ that Islam ¢an b¢ ¢on¢eiv¢d as "oulside" to thc Wes¢ (with a far wider dclinition of the Ivest than is familiar to mostl. T"5 work began with a successful international symposium on the 10th May 2024 ai whi¢h Professor iaur¢n¢e H¢mming and Professor Nadcr El-Bizri presented papers inirvduLin¥ the cor¢ themes of the project and four respondents (Oli%'er Leaman, Faisal Devji. Georges Tamer, and Kata Moser) offered remarks and feedback on the scope of the projc¢i. As part of the research stream on the Geography and History of the Wesl (Geography and Geopolitics) Profebsor Laurence Hemming gave several preliminary papers in London and Tbilisi ith January 2024 in preparation for a projeet with Dr Lasha Kharazi in G¢grgia. In th¢ laic summer of 2024 Laurence Hemming was ini'ited to become a Board Member of the Charles Malik Institule and swke at an inaugural conf¢r¢n¢¢ in Washington DC on the question of the hisiory and ¢ritique of Ori¢ntalism. Page 2
KNAPP FOUNDATION CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Within ihe research stream on 'StOry and Histori¢ality, Dr Aoron Turner has continued io lead a project on Th¢ Ess¢nce of History which is supported by the Foundation. The Foundation has also continued io support Tesearch on TeclmocTacy and Modernity and in 2024 Laurence Hemming began supetvising a non-UK PhD SDJdeni at th¢ Uni¥'¢rsity of tAn¢asier working in this area. Other initiatives in this research stream in¢lud¢ the Int¢Tnational Reseawh Network on Critical Theory and ConservatiN'e Thoughi led by Dr David McGrogan, which began with an iniemaiional ¢onference in January 2024. and is developing discussion in the areas of demo¢racy and tyranny; philosophical, legal and regulatory i55ues around the digitisation of Currencies and payments. and coii)peling conceptions of liun)an rights and civil liberties. Over the course of the AutumtLIWinrer sem¢si¢r of 2024125. Dr David McGrogion is also running a bi-weekly Teading group. Tyranny and Political Rea50n. Thi5 reading group brings together an interdisciplinary collection of scholars io discuss the quesiion of ihe legitimacy of ihe state in modernity in th¢ ¢ont¢xt of Xenophon's Hiero, a 4ih Century BC Greek di#lvgue un the PTobleni of tyranny. In the background, Nicolo Machiayelli's 11 Pn'ncipe and Leo Strauss, essay On Tyrnnny fomi an linrtant pan of this discussion. Further initiatives will look at the impact of Al wiihin the history of what has Ii)os¢ly b¢¢n call¢d'Cybem¢lics'. FINANCIAL REVIEW The period covered by this report saw the provision of funds by several generous donors, dllowin&b the Foundaiion io continue io grow and work in a number uf key areas, as sei oul in this report and on our website. Thc fund-raising ¢ominiltee mei on a nLunber of occasions io discuss costs and plth]) future fui)d-ra15ii?g aclivities. The Foundation has also appoint¢d Amaud d¢ Volder to ov¢rs¢¢ and Coordinate its fundraising efforts. Page 3
KNAPP FOUNDATION CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FUTURE PLANS We have planned an ambitiOU5 Programme of fuiure work. including for ¢xainplc further research and publications on the intellectual hisiory of Islam in Europe. This project was fornially laun¢h¢d on 10 May 2024 with a confer¢n¢e organised by Prof. El-Bizri (see above. under "signifi¢anl activilics") and will b¢ followed by a further symposium in Cambridge in late Autumn of 2025. We have fonnally established a mechanism for support in due course of a r¢s¢ar¢h fellow in Pelerhouse. Cambridge. and plans ar¢ now well advanced for ihis, pan of the Falsafa project {see also aboi'e) to open up and makc niore widely available the historic contriburion of Islam in Europe. Dr. Magnus Ryan. Fellow and Director of Studies in History at Peterhouse, will oversee ihe developinent of the fellowship once rh¢ f¢llow is appointed. The Heidegger and Classical Thought projeci will Cunlinue it5 successful and highly engaging weekly virtual seminar and will finish working through Manin Heidegger's leciure course Holderlirts Hyipiiieji.. "Gei'iiiauien" lind "Der Rlieiii" by May ?025 and will ihen r¢ium M'iih a new text in Oclobcr 2025. Within the Essence of History project, Dr Turner has organised a major internation81 conference on AliertiinisM'isseJisc'haft and Hi.4toricism lo be held in Senaie Hous¢, London, from the 26th-28th February 2025. Thi5 conference will bring Icading ¢xpens in ¢l&ssics. history, and philosophy to discuss the deeply collaboralive relalioi)ship b¢iw¢¢n classical and hisiorical studies in thc lalc 18thlearly 19ih Ceniuries which, today. has all bui ceased to exist. As pan of the Ori¥ins of Contemporary Thought research stream and ihe Why Greece. project. Dr Turner will be organising an online colloquium on Holderlin's Hellenisiii to be held on the 24th-25th of April 2025. The aiin of this colloquiuni is to enquir¢ inio ihe ground of ihe relaiion betweeii Holdcrlin's obs¢urily in the 19tl) Ccntury and his r¢vival in the first decad of the 20th Century in the context ol th¢ H¢ll¢nism thal lic5 at tli¢ heart ol. hi5 work. In boih instances. the question of ihe spirit of G¢rniany laiid, to son)e exlent, tlie W¢stl was broughi into relief against th¢ ev¢r-lingering shadow of Ancient Greece. The Foundation is Coniinuing io build relalionships with acadnI¢S and universities io devclop future work wiihin its research stream on Te¢hnocra¢y and M(dernity, opening questions around Th¢ Faie ol- the Univ¢rsity and quesiions of Polilical Philosophy. To this ¢nd il has ¢stablished a Working Group in Conservative Philosophy which is being led by Professor John M#renbon, Trinity College, Caiiibridg¢. Events are being planned from the summer of 2025. A relaiionship between the Fouiidation and the Tyrannica (Thc Interdisciplinary Network for ihe Study of Tyranni¢s. Pcr50nalist Dictatorships and Authoritarian Regimcs) network al the University of Notlinghani is also under discussion. Publlcatlons ACTOSS the research streams, several publications or¢ now cither in print or contracted. For the Heid¢gger and Classical Thought proj¢¢l, a volume on Heidegger and Classical Thought edited by Dr Turnei was publish¢d in Septen)ber 2024 by SUNY Press. This volume bring5 logether a mix of philosophers and classicists (including Charles Bamba¢h, Babeiie Babich, David F. Krell. Laurence Hemining, Claudia Baraccl)i. D¢ntLiS J. Scmidt. Aaron Turner. and Thomas Sheehan) io dis¢uss boih the influence of classical ihought on Heidegger's philosophy and Heid¢gg¢r's own radical (and often misunderstood) interpretation of Gre¢k thought. Pag¢ 4
KNAPP FOLfNDATJON CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER ?024 Prof. Hemming and Dr Turner are ediling a volume on Heidegger and Parnienides which will be published by Roivman & Littlefield in early 2025. This volume asks lis ¢ontribuiors (including Daniel O. Dahlstrom. Daniela Vallega N¢u, Lasha Kharazi, Laurence Hetnming. Jussi Backman. and Aaron Tum¢r} lo cxplore the strong influence of Pannenides of Elea on the development of Heidegge$ thinking Ihroughoui his lifetime. Lauren¢¢ Hemming and Aaron Turner are currently translatiilg Heidegger's und¢liv¢r¢d l¢¢ture course. The Saying of Anaximandcr. writien in 1942 and released as Volum¢ 78 of the Collected Works (Gesaiiiiaiugabe) for Polity. This is planned w be published in 2026. For the Why Greece. projecl, Parmenides, Plaio, and the Crisis of Sophisrry edired by Dr Aaron Turner will be published in Spring ?025. by De GrUer. This volume is based on the ¢onl¢ren¢e Pamicnides nnd ili¢ Sophisis. Coniributors include Daniel W. Graham. KatIn Morgan. Jenny Bryan. Amaud Macé, Mailiilde Brémond, Aaron Turner. and Enrico Piergiacomi. Following ihe Holderlin's Hellenism conl¢r¢n¢¢ in April 2025, an edited volume based un ihe conference will be proposed to SUNY Press's Conieinporary Continenial Thought series. The Editor has already indicated interesi in publishiiig Ihe niaterial. For The Essence of History project. Dr Turner ¢diteJ a volum¢ on R¢¢on¢iling Ancieni and Modern Philosophies of History in 2020 and will publish an ediied voluine on The EssenLe of Hi5¢0ry in 2025 bJs¢d on (h¢ research seminar Series, which w'ill be published by Routledge. Contributors in¢lude Frank Ankersmit. David Carr. Jeffrey A. Barash. Giuseppina D'oro. Professor Laur¢nce Hcmii)ing, und Dr Aaron Tumer. An edi¢ed volume based on ihe Al¢eriumsM'isseiiscliaJi and Historicism conlerence will be produced and prepared for publication in 2026. Dr Aaron Tumer is ¢urr¢nily developing a monograph Thucydides and the Grounil ol- History, which he is di5¢ussing with SUNY Press. We also intend io continue to expund our fundrJising lo include an online donation and subscription facility to ensure as diverse a range of funders as possible, in¢luding private individuolb. private enterprises, public ttS and charitable bodies. and other funding bodies. We aim to promvie our public profile and onlin¢ presenc¢ and ¢xposur¢ Ihrough a series of quanerly newsletiers and regular iiii¢rvicws with ihe Fellows and othcr leading acadeiiiics associated with the Foundation and with oiir projccls, as well as targeled inieryiews to be published in specifillY s¢l¢¢ted publications to broaden Ihe reach #nd appli¢aiion of our on-going research io coniemporary issue5. STRUCTURE, GOVERNANCE AND MANAGENIENT Governlng document The charity is controlled by its goyerning documenl. a deed of trust, and constitutes a limited company, liniited by guar8niee, as defined by the Companies Aa 2(K)6. Recruitment and appointment of new trustees New trustees are required to have a sound basic knowledge of ihe aims, objeciives and working pra¢tice5 of the Foundation. In the event of any furtheT induction being necessary it is provid¢d by on¢ of ihe Officers or anothcr appropriaie m¢Mr of the Board. Page 5
KNAPP FOUNDATION CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE. GOVERNANCE AND MthAGEMENT Organisational structure Thc Foundation is go&erned by a Board of Trnsiees. The currenl Irustees are.. Professor Laurence Hemming (Chairl. Dr Stephen Richard Skiaroff (Hon. Secr¢tsryl' Di lan Cole- and Mrs Elizabeth Dalby. An execuiiv¢ ¢ommitt¢e (also chaired by Professor Hemmingl deals with matters arising between trustee incetings, and the Board is also supp)rted by commiti¢¢s de#lin8 With fund-raising (chaired by Dr Sklaroft) and remuneraiion {chaiicd by Professor Hemii)ing). The Board aiid its cominittees are supported by th¢ Foundaiion's Administraior. Arnaud de Volder. The Foundation's activities and r¢search supponed by lis Fellows. curTently including.. Professor Lauren¢¢ H¢mming (Senior Research Fellow- Director of the Knapp Foundation and Honorary Profcssor, Lancaster University}. Professor Nader El-Bi7Ji (Senior Research Fellow- Deali of tlic Collcge of Arts, Humanities, and So¢ial Sci¢nces. Uni%'eTsity of Sharjah). Dr. Aaron Turn¢r IKnapp Fellow; Research Associate, Department of Classics. Royal Holloway. University London), David M¢Grogan (Fellow; Associate Professor. Northumbria Law School, Nonhuinbria Universily, Newcastle). Dr Lasha Karazai (Fellow- Associaie Professor. GeoTgian- American Unii'ersity. Tbilisil, Dr. Stephen Sklaroff (Fellow,. Honorary Secretary), and Arnaud de Volder (Fellow.. Administrator & H¢ad of Fundraisin8). Founda¢ion funding is allocaled to specific research proj¢¢ts by an Acadenii¢ Adv150ry Board. whose curr¢ni members are.. Prof. Robert Eaglesione, Professor of Conteiiiporary Literatur¢ and Th¢)uglil in the Dcpartment of English. Royal Holloway, Univetsily of London: Prof. Jeff Malpas. Fellow. Auslralian A¢)d¢niy of Humanities, Em¢riiUS Disiin¥uishcd Professor, University of Tasinania, and Honorury Proleb50r, University of Queensland- Prof. John Marenbon. Fellow of the British Aca¢Jemy. Senior Research Fellow, Trinity Colle&¥¢, Cambridge and Honorary Proles50r Eineritus of Medievdl Philosophy in th¢ University of Cambridge. Visiling Professor al the Universit& della Svizzera lialiana., PTof. Albcrto Mor¢iras. Professor of Hispanic Swdies, Texas A&M Univ¢'rsity: Prof. Williani Ra5¢h. Professor Emcritus. Departtncnt of Gem]anic Studies. Indiana Univer51ty. Blooininglon; Prof. Kathrin Rosenfield. Professor of Philosophy. Federal Universiiy ol. Rio Grand¢ do Sul, Porio Alegre; Dr Magnu5 Ryan, Universily Associate Professor in the Faculty of Hisl(iry, Pet¢rhou5e, University of Cambridge: Prof. Doug Siokes. Professor of Internaiional Relations. Director of the Centre for Advanced International Studies and College. University of Exeter and Rey'd Mgr. Andr¢w wad$.0rth, Fom)¢r Director of ihe International Commission on English in th¢ Liturgy, L¢¢iurer iii tlie Department of Theology and Religious Siudies. Georgetown Univ¢rsily. REFERENCE Af+lD ADLI1115TRATlVE DETAILS Registered Company number 00030172 (England and Wales) Re%istertd Charity number 1200294 Registered office First Floor 85 Great Portland Sireet London IVIW7LT Page 6
KNAPP FOUNDATION CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trllstees Pr(Trl-L P Hemming Dr S R Sklaroff Ms E Dalby Dr I Cole Independent Examiner Malthouse & Coinpany Chan¢r¢d Accounianis Am¢rica House, Rumlord Court Rumlord Place Liverpool MLrqey4ide L3 9DD Approved by order of the knrd of trusiees on 28 April 2025 and signed on its behalf by: Prul. L P Hemniing - Truslee Page 7
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF KNAPP FOUNDATION CIO Jndepend¢nt examiner's report to the tru51ee5 of Knapp Foundation CIO ('the Company,) report to the charity ttuste¢s on my ¢xaminaiion of the a¢¢ounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report As tl)L cliarily's trustLes of the Company (and also ils directors for the purposes of company law) you are responsible for the preparation of the a¢¢ounis in ac¢ordan¢¢ with the r¢quir¢m¢nts of the Companics Act 2006 ('Ih¢ 2006 A¢t'). Having satisfied myself ihai the accounts of the Company are not required to be audited under Part 16 of the 2006 A¢t and ar¢ eligible for indq)end¢nr ¢xamii))lion, I report in respeci of iny examination of your charily'5 ccounts as caTTied out under Section 145 of thc Charilics Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions giv¢n by th¢ Chariiy Commission under Section 145151 Ibl of Ihe 2011 Act. Page 8
tNDEPENDENT EXAmER's REPORT TO THE TRUSTEES OF KNAPP FOUNDATION CIO Independent examiner'$ $tatemtnt I have conipleted my examination. I confrm that no matlers have ¢om¢ io my attention in connection with the exaniination giving tnc Cause io believe.. accounting record5 were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the a¢¢ounts do noi a¢cord wilh those recorits. or the accounts do not comply with the accouniing requirements of Se¢tion 396 of the 2006 Acl oilier than any r¢quir¢ment thai the accounts give a true and lair view which 15 nol a matter considered as part of an independent examination: or the account.% have not been pr¢parcd in accordance 1th the Inethods and principles of tl)e Siatement of Recommendcd Praciice for a¢coui)ting )d reponing by ch111¢$ (applicJble io charities PTcpariiig their accounts in ac¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in ¢onn¢ciion with the examination lo which attcnlion should b¢ dr47wn in this report in order to enable a Proper undersianding of the accounts to be reached. Guy Playf¢r BA FCA Malihouse & Company Chartered Accounlants Ainerica House. Rumford Court Rui))ford Place Liverpool Mersey5ide L3 9DD Datc.. Page 9
KNAPP FoifNDATION CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Peri 6.9.22 to 31.12.23 Total nds Year Ended 31.12.24 Unrestricted fund Notes INCOME AND ENDOWMENTS FROM Donatioi)s and legacies 50.557 65.698 Inv¢stni¢nl income 41 35 Total 50.598 65.733 EXPENDITURE ON Raising fuftiis 750 Charituble activities GenLfdl 50.359 65,081 Total 51.109 65.081 NET INCOMEIIEXPENDITURE) 652 RECONCILIATION OF FUNDS Total funds brought forward 652 TOTAL FUNDS CARRIED FORWARD 652 The notes forn) part of ibese financial statements Page 10
KNAPP FOtrNDATION CIO BALANCE SHEET 31 DECEMBER 2024 31.12.24 Unrc5tricted fund 31.12.23 Total nds Notes CURRENT ASSETS Dcbtors Cash ai bank 530 2.002 1,341 2,2 CREDITORS Amoiinis falling due within one year (1,200) (1,350) NET CURRENT ASSETS 652 TOTAL ASSETS LESS CURRENT LIABILITIES 652 NET ASSETS 141 652 FUNDS Unrestricted funds 652 TOTAL FUNDS 141 652 The charitable company is enliiled to exemption from audil under Section 477 of ihc Companies Act 2006 for the y¢ar ended 31 D¢c¢mb¢r 2024. Th¢ meiiiber5 have not required the company lo obtain an audit of its financial staLemenis for the year ended 31 December 2024 in ac¢ordanc¢ wilh Se¢tion 476 of the Companie5 Aci 21x16. The truslees acknowledge their responsibilities for la) ensuring that the charilable company keeps accounung records that comply with Seciions 386 and 387 of the Compani¢s A¢t 2006 and Ib) preparing financial statements which give a trne and fair view of the state of affairs of the charitable company as at the end of each finan¢ial y¢ar and of its suoilus or deficit for each financial year in a¢¢ordance wiih the requiretnents of Seclions 394 and 395 and which oih¢rwise comply with the requirements of the Companies Act 2006 r¢lating to financial Statements, so far as appli¢abl¢ to the charitable company. The Dotes fom] part of th¢se financial statements Pagell coniinued...
KNAPP FOUNDATION CIO BALANCE SHEET- continued 31 DECEMBER 2024 Th¢sL financial stalements have been prepared in accordanc¢ with the provisions applicable to charitable companies subject to th¢ small ¢otllpanies rcgitne. The financial statements w¢r¢ approved by the Board of Truslees and authorised for issue on 28 April 2025 and wer¢ signed on lis b¢half by.. Prof L P Hetnming- Trustee The Dotes fonn part of these financial staiem¢nts Page 12
KNAPP FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES BASIS OF PREPARIP*G THE FINANCIAL STATE%IEliTS ThL finl¢la1 Slai¢tnciits of the charitsble cotnpany. .hICh is a public benefit entity under FRS 102, have been prcpared in accordanc¢ wilh the Charities SORP (FRS 1021 'A¢¢ounting and Reporting by ChaTitics'. Statement of Recomm¢ndd Praclice applicable to ¢harilies pr¢paring their accounis in accordance with the Financial R¢portin¥ Standard applicable in the UK and Republic of Ireland IFRS 1021 (effeciive I January 2019),, Finan¢ial Reporting Standard 102 The Financial Rcporting Standard applicabl¢ in the UK and Republic of Ircland, and the Companies Aci 26. The financial stai¢m¢nts have been prepared uiidcr th¢ historical cost conveniion. INCOME All incoine is r¢cognised in the Statement of Financial Actiipjlies once the charity has entitlement to the nds, il is probable that the inconie will be received aiid ihe aiiiouni cai) be m¢asur¢d reliably. EXPENDITURE Liabilities ar¢ recognised as expcnditurc as soon as there is a legal or constructiv¢ obli8aiion coll11t111) th¢ ¢hariiy io ihai cxpcnditure. it is probabl¢ that a iransfcr of econoinic b¢i)efits will be requircd in scttlcnicnt and the amouni of lh¢ obligaiion can be measured reliably. Expenditure is account¢d for on an a¢¢ru#ls basis and has been classified under headings thai aggregale all cosi related lo ihe category. Where costs cannot be dir¢¢ily aitribuid io particular headings th¢y have been allucated io activities on a basis consistent with ihe use of resources. TAXATION Th¢ ihdrily is exempt frum COTPOrntion l&x on its charitable aaivilies. FUND ACCOUNTING Uiirestricted fundb. ¢an be used in accordance with the charitable objeciives ai the discretion of the trustees. Rcstrictcd funds can only be used for particular restyicicd puryjoses wiihin the objects of the charity. Restrictions arise when spccificd by the donor or when funds are raised for particular r¢5¢rictcd purposes. Further explanalion of Ihe nottwe and PUTPOSe of each fund is included in ihe notes to the fin#n¢ial SlJtement5. PENSION COSTS AIND OTHER POST-RETIREIIIENT BENEFITS The cliarilable company operal¢s a defined conlTibulion pension s¢h¢m¢. Contributions payabl¢ to the charitable ¢ompany's pension scheme are charged io the Stsiement of Financial Activities in tlie period to which they relate. Pag¢ 13 continued...
KNAPP FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS- coniinued FOR THE YEAR ENDED 31 DECEMBER 2024 IF4VESTMENT INCOME Period 6.9.22 to 31.12.23 Year Ended 31.12.24 Int¢r¢st r¢¢eivable - trading 41 35 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or oih¢r benefits for ihe year ended 31 December 2024 nor for the period ended 31 D¢cember 2023. TRUSTEES. EXPENSES There were no ttust¢¢$' exp¢nses paid for the year ended 31 December 2024 nor for the period ended 31 December 2023. STAFF COSTS The average monthly numkxr of employees during the year was as follows.. P¢riod 6.9.22 to 31.12.23 Year Ended 31.12.24 Employees No employees received emolumenis in excess of £60,(KK). Page 14 continued...
KNAPP FOUNDATION CIO NOTES TO THE FtNANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPAIL4TIVES FOR TIIE STATENIENT OF FINANCIAL ACTIVITIES Unrestricted fund Ir4COME AND ENDOWMENTS FROM Donations and l¢ga¢i¢s 65,698 Investm¢nt income 35 Total 65,733 EXPENDITURE ON Charitable acti%'ities General 65,081 NET IIYCOME 652 TOTAL FUNDS CARRIED FORWARD 652 DEB'foRS: AfvIOUNTS FALLING DUE II'ITHIN ONE YEAR 31.12.24 31.12.23 Trude debtors 530 Page 15 continued...
KNAPP FOUNDATION CIO NOTES TO THE FtNANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Oiher creditors ,200 1,350 MOVEMENT IN FUNDS Nei moliemeiit in fijnds At 31.12.24 At 1.1.24 Unrestricted funds Gen¢ral fund 652 (511) 141 TOTAL FUNDS 652 (511) 141 Nei movement in funds. in¢luded in lh¢ above are as follows.. Inconiing resou¢S Rcsourccs ¢xp¢nd¢d MovLment in funds Unrestriclod funds G¥i)6ral f4UKI 50.598 151.109) TOTAL FUNDS 50.598 (51,1091 Comparatives for movement in funds Net mol'ement in funds Ai 31.12.23 Unrestrlcted funds General fut 652 652 TOTAL FUNDS 652 652 Page 16 continued...
KNAPP FOUNDATION CIO NOTES TO THE FNANCIAL STATEMENTS- ¢ontinue4t FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- continued Comparaiive net movement in funds, included in the above are as follows.. Incoming Resour¢¢s expended Movement in ndS Unrestricted funds General fund 65.733 (65.081) 652 TOTAL FUNDS 65,733 {65.081) 652 RELATED PARTY DISCLOSURES In th¢ y¢ar ¢nding 31 D¢c¢mb¢r 2024. one of lh¢ tNsi¢e$ provided a donation of £26.030. Page 17
KNAPP FOUNDATION CIO DETAILED STATEMENT OF FJNANCJAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Pcriod 6.9.22 Year Ended 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donation5 and legacies Donations 50.557 65,698 Investment Income Interest receivable trading 41 35 Total Incomlng re$our¢es 50,598 65,733 EXPENDITURE Raising donativns And legacies Fuiidruisiii&J Lo51 750 Charltable actlvltles 35,279 2,117 270 979 41.548 1,813 553 382 1.339 10,188 481 6,166 880 1,350 Pensiuns Insurance Sundri¢s No dLscription Travel and subsisience Subscription Profcssional Fecs Repli ir and renewals Accountancy Ollice expense 4,909 312 1,200 4,407 49.974 64,7 Support costs Flnallce Bank charges 385 381 Thi5 page does noi form part of the statutory financial slaten]ents Page 18
KNAPP FOUNDATtON CIO DETAILED STATEME[ OF FANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Pcriod 6.9.22 Year Ended 31.12.24 31.12.23 Total resources expended 51,109 65.081 Nel (expendllure)lincome {511} 652 Thi5 page doe5 not forn] part of the statutory financial statements Page 19