**REGISTERED CHARITY NUMBER: 1200294** 

REPORT OF THE TRUSTEES AND 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 

FOR 

KNAPP FOUNDATION CIO 

Malthouse & Company Chartered Accountants America House, Rumford Court Rumford Place Liverpool Merseyside L3 9DD 



KNAPP FOUNDATION CIO 

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 

||Page|
|---|---|
|Report of the Trustees|1 to 10|
|Independent Examiner's Report|11|
|Statement of Financial Activities|12|
|Balance Sheet|13|
|Notes to the Financial Statements|14 to 19|
|Detailed Statement of Financial Activities|20|





## KNAPP FOUNDATION CIO 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDED Z1 DECEMBER 2025 

The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

The Knapp Foundation was created in memory of Dr Ferdinand Knapp, who died in 2014. Dr Knapp was a German citizen with Austrian roots who studied at Heidelberg, Edinburgh and Cambridge and became a banker in the United Kingdom. He was a gifted linguist with a love of German, French and English literature and of the European intellectual tradition from its origins in antiquity to the present day. 

The Foundation exists to promote the exploration and understanding of that tradition - including its political and religious elements and their challengers, its current relevance, and its possible future - and to maintain and cultivate the practices of scholarly enquiry that have proven themselves over centuries. The Foundation funds scholars of European intellectual and social history to cany out philosophical, historical, and archival study, particularly in places of higher learning at a time when the universities are under pressure to dilute the traditions of scholarship that have been entrusted to them. We are bringing scholars together in ways that preserve scholarship as a pursuit of truth - a pursuit central to the study of the humanities and all the sciences, but in our case especially philosophy, classics, history, and law. These disciplines must ask the most profound but often least acknowledged question of our time: how do we stand in truth? 

The Foundation was established as a Charitable Incorporated Organisation (CIO) in September 2022, Charity Number 1200294. Its charitable objects are: The advancement of education for the benefit of the public through the provision of scholarships and bursaries and other similar support for post-graduate education and research and the useful dissemination of such research to the public. 

Page 1 



## KNAPP FOUNDATION CIO 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDED Z1 DECEMBER 2025 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The modem university system, bound by bureaucracy and financial pressures, increasingly struggles to prioritise the deep, critical enquiries essential to the life of the humanities. Subjects such as philosophy, classics, and history are sidelined at great cost - not only to academic integrity but to the intellectual fabric of society itself. We think the practices that uphold and preserve truth are a public property, accessible and vital for all both within and outside the academic environment, and we strive to maintain and defend this as the very underpinning of a healthy body politic. The Foundation was established to contribute to the work of upholding the place of this scholarship in the search for truth as the universities historically have preserved it. Central to this is an intellectual freedom that is unfettered by market-driven imperatives or fleeting academic trends. We work with existing universities as well as undertaking our own research, seeking to sustain the best traditions of collegial life and scholarly enquiry, and supporting scholars to adhere to the highest academic standards. 

Therefore, we support scholars pursuing academic endeavour at the highest-level pursuing scholarship on the European intellectual tradition and its relevance for the present day. We fund scholars of European intellectual and social history who are capable of making original contributions in their fields, but who have failed to gain financial support through other means. The Foundation makes grants to individuals and sponsors or undertakes original research. 

## Our Vision 

The Foundation has four strategic objectives which, taken together, describe our vision as we open paths for enquiries into truth through: 

Deepening Enquiries into Origins and Legacy. This encompasses our projects within the research stream on Origins of Contemporary Thought and The Ground of History, which enquire into the rootedness of modernity in classical antiquity, drawing connections that reveal how what shaped antiquity continues to shape the world today. An important contribution to this is a project that examines the place of the university in modem life under the title The Fate of the Modem University which is under development. 

Understanding Intellectual Exchanges. Falsafa: The Intellectual History of Islam in Europe examines historical and contemporary narratives to understand how, in what ways, and with what limitations, the varieties of especially the Islamic, Jewish, and Christian intellectual traditions were foundational for the formation of what we know as the "Western world". We focus on the Islamic tradition because (1) it is often the least well understood, its history is least well known, and is often least well documented, and (2) the reemergence of Islamic communities in many European nations throws up new questions which are yet to be addressed adequately in relation to the historic presences of Islam across the West. We plan to develop a broader discussion in connection with a project on Geography and Geopolitics which is currently under development. 

The Forces Shaping Modernity. Our research into Technocracy and Modernity interrogates what is meant by "technology", including the rise of artificial intelligence, and the hidden and explicit ways in which "technology" and technocratic rule as a possibility liberates, or haunts, or limits the ways we are governed, educated, and influenced, and how democracy and the freedoms it guarantees are transformed by what technology appears, or fails, to offer. 

Page 2 



## KNAPP FOUNDATION CIO 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDED Z1 DECEMBER 2025 

The Place of Research and Intellectual Enquiry. The Foundation supports rigorous scholarship, hosts conferences and events, and we publish our results in leading academic presses. We keep constantly before ourselves the question of how our research connects with wider public interest and debate, and what responsibilities it has, and what it owes, to the polity in which it is undertaken. One way we keep this in focus is to ask how each project, retaining its integrity as a rigorous effort of research, can present its results in forms and formats that are open to the wider educated, but not specialist, public 

Page 3 



## KNAPP FOUNDATION CIO 

REPORT OF THE TRUSTEES FOR THE YEAR ENDED Z1 DECEMBER 2025 

## **OBJECTIVES AND ACTIVITIES** 

## **Significant activities** 

During the period covered by this report the Foundation continued pursuing its charitable objectives and vision in four main (and sometimes overlapping) areas of work subdivided into specific projects: 

Origins of Contemporary Thought is organised in two distinct but fundamentally related projects: Heidegger and Classical Thought and Why Greece? 

The Shape of the West. Falsafa: The Intellectual History of Islam in Europe and Geography and Geopolitics which is still in development. 

History and Historicality. We host The Ground of History research project which considers the foundation of practices and theories of history from antiquity to modernity. 

Technocracy and Modernity. The question of The Fate of the Modem University is in development and there are also two very active research gmups currently meeting: the International Research Network on Critical Theory and Conservative Thought and seminars in Conservatism and Political Philosophy. 

The Foundation's work on The Origins of Contemporary Thought continues to pursue new scholarship on Martin Heidegger's work connecting ancient philosophy, and in particular the work of Parmenides, Anaximander and Heraclitus, with contemporary thinking. The Heidegger and Classical Thought project includes a successful and highly engaging weekly virtual seminar (now in its sixth year) bringing together some of the leading experts on Martin Heidegger's philosophy from around the world in philosophy and in classical philology, led by Prof. Laurence Hemming and Dr Aaron Turner, working in English, German and Ancient Greek. The weekly virtual seminar resumed in October 2025 working through Heidegger's lecture course Parmenides, delivered at the University of Freiburg in the winter of 1942/43. What stands at the heart of this text is the question of "the political", in the senses both of the political situation of Germany in the weariness of its worldwide war, and what Heidegger calls "the essence of the Greek polis". 

hr June 2025 the Foundation hosted an online Summer Symposium and papers were presented following on from the activity of the Heidegger and Classical Thought Reading Group over the past few years. As part of the research project Why Greece? in April 2025 Aaron Turner ran a conference, Hölderlin's Hellenism, which explored Friedrich Hölderlin's engagement with Greek thought. Hölderlin's interpretations and translations of Greek texts were ridiculed by his early 19th Century contemporaries, including Goethe and Schiller, but his writings underwent a renaissance in the early 20th century, and he is today heralded as the pinnacle of German poetic expression. The conference asked speakers to open up the question of the nexus of antiquity and modernity grounding Hölderlin's achievement. 

Within the research stream on History and Historicality, Dr Aaron Turner has continued to lead a project on The Essence of History which is supported by the Foundation. A major international conference entitled Altertumswissenschaft and Historicism was held in London in February 2025. Speakers explored the relationship between classical philology and historical studies, exhibiting their shared roots in the strands of naturalism and rationalism of the 18th Century, and their progress through the 19th Century up to their contemporary estrangement. 

Page 4 



## KNAPP FOUNDATION CIO 

REPORT OF THE TRUSTEES FOR THE YEAR ENDED Z1 DECEMBER 2025 

## **OBJECTIVES AND ACTIVITIES** 

The Foundation has also continued to support research on Technocracy and Modernity including the International Research Network on Critical Theory and Conservative Thought led by Dr David McGrogan and the Conservatism and Political Philosophy Seminar Series led by Prof. John Marenbon (Trinity College, Cambridge). 

In 2025 David McGrogan ran a bi-weekly reading group on Tyranny and Political Reason bringing together an interdisciplinary collection of scholars to discuss the question of the legitimacy of the state in modernity in the context of Xenophon's Hiero, a 4th Century BC Greek dialogue on the problem of tyranny. In the background, Nicolo Machiavelli's II Principe and Leo Strauss' essay On Tyranny formed an important part of the discussion. In September 2025 the group continued by working through Thomas Hobbes's 1651 work, Leviathan. The group brings together an interdisciplinary collective of scholars to examine what is a central text in the understanding of tyranny, conceived as government unconstrained by law, and relying for its justification on utility rather than norms. It is argued that in reading Hobbes' work we are able to reflect on how authority is grounded when it only acts through law, rather than being subject to it. 

In June 2025 Prof. John Marenbon convened an online symposium on Freedom in Conservative Thought. The aim of the symposium was to discuss the concept of freedom from the perspective of conservative thought, as part of the task of reconsidering the philosophical foundations of conservatism itself. In autumn following from the symposium Prof. Marenbon has further developed the question of the relationship between conservatism and political philosophy across a series of seminars. At the heart of these seminars is the problem of the absence of conservative thought from the general discourses of political philosophy in the 21st Century at a time when the basic principles of liberalism are becoming increasingly precarious. This seminar series is building on the important deliberations of the earlier symposium toward reconsidering the place and role of conservatism within mainstream political philosophy. 

## Publications 

Across the research streams, several publications are now either in print or contracted. In September 2025, The Essence of History, edited by Dr Aaron Turner and based on the research seminar series, was published by Routledge. Contributors comprised a veritable "who's who" in the current Anglophone world of people thinking about the philosophy of history from across Europe and North America. The book represents an important milestone in the question "what does it mean to think of history?" - one of the most vexed in the academy at present, indicating the fractures and possibilities for further study. This book prepared the ground for the Altertumswissenschaft conference held in 2025. 

In February 2026, Heidegger and Parmenides, edited by Prof. Laurence Hemming and Dr Aaron Turner, will be published by Bloomsbury Academic. This volume asks its contributors to explore the strong influence of Parmenides of Elea on the development of Heidegger's thinking throughout his lifetime. 

Also in 2026, Parmenides, Plato, and the Crisis of Sophistry, edited by Dr Aaron Turner, will be published by De Gruyter. This volume is based on the conference Parmenides and the Sophists run by Dr Turner in 2022. 

Page 5 



## KNAPP FOUNDATION CIO 

REPORT OF THE TRUSTEES FOR THE YEAR ENDED Z1 DECEMBER 2025 

## **OBJECTIVES AND ACTIVITIES** 

In 2024 Prof. Laurence Hemming spoke at an inaugural conference of the Charles Malik Institute in Washington DC on the question of the history and critique of Orientalism. The proceedings of this conference are in preparation for publication in 2026 including the paper he delivered entitled "The Truth of the Orient": The Philosophical Underpinnings of Charles Malik's and Edward Said's Critiques of the West. 

Dr Aaron Turner is currently developing the monograph Thucydides and the Ground of History with SUNY Press which is planned for 2026. 

Prof. Laurence Hemming and Dr Aaron Turner are currently translating Heidegger's undelivered lecture course, The Saying of Anaximander, written in 1942 and released as Volume 78 of the Collected Edition (Gesamtausgabe) for Polity which is planned for release in 2027. 

## **FINANCIAL REVIEW** 

## **Financial position** 

The period covered by this report saw the provision of funds by several generous donors, allowing the Foundation to continue to grow and work in several key areas, as set out in this report and on our website. The dedicated fundraising committee and Trustees communicate regularly to discuss costs and plan fund-raising activities. 

Page 6 



## KNAPP FOUNDATION CIO 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDED Z1 DECEMBER 2025 

## **FUTURE PLANS** 

We have planned an ambitious programme of future work across our current streams of research. As part of the research on The Origins of Contemporary Thought, beginning in October 2026 and running until 2028, the reading group on Heidegger and Classical Thought will examine the two monumental lecture courses delivered by Heidegger in Marburg between 1924 and 1925, first on Aristotle, and then on Plato. Already dependant on a reading of Parmenides' fragments carried out in 1916 and 1922, they contain detailed examinations of several of Aristotle's texts and Plato's dialogue The Sophist, with decisive results which were then carried over into the foundations of Being and Time. We intend to examine these courses over a two-year period. In late 2026 The Foundation will also hold a conference on Heidegger's Greeks. 

In June 2026 the Foundation will host, in conjunction with funding and support from the Israel Science Foundation and the Academic Study Group, a conference at the Van Leer Institute, Jerusalem: Herder, Hölderlin, and Heidegger between Hellenism and Hebraism examining how these three immensely influential figures in German thought understood the relation to Greek and Hebraic models of cultural renewal, national identity, and philosophical inquiry. In September 2026 the Foundation will host an international conference on Classical Thought and the German Reich (1871-1945). The conference explores the development of classical thought in Germany from out of an important dispute between Wilamowitz and Nietzsche in the political context of Bismarck's unification of the German Reich in 1871, and in its rises and falls until the debacle of National Socialism ending in 1945. This conference asks how and in what ways did the question of antiquity shaped the self-understanding of Germany throughout this turbulent period and, simultaneously, how did the German question inform the study and reception of antiquity? Did Greek and Roman studies inform the question of modernity, of Germania itself? Or did the question of Germania inform the study of antiquity? This conference seeks to answer neither question directly, but asks, finally, what lies at the confluence of these two questions, and does it still matter? 

Within the research stream on The Shape of the West in 2026 or 2027, following a generous opportunity from a donor, we will host a conference on The Freedom of the City at the Mansion House in the City of London to examine the history of the City of London as the history of a constitutional settlement dating from the Norman Conquest (and arguably before) that positioned London uniquely as a national, regional and finally global centre in the history of the prosperity of England, and Britain and its consequents. In late 2026 Arnaud de Voider will develop a discussion on 'place' (topos) and the way place, spatiality and questions of location have been taken up into the discourses of philosophy, anthropology, and related disciplines. The shape of this project is still in development. 

The Foundation also continues to develop research and publications on the intellectual history of Islam in Europe as part of the Falsafa project. We have agreed an "in-principle" arrangement to fund a post-doctoral position at Peterhouse, Cambridge, to steer and develop this project. In May or June 2026, a colloquium led by Prof. Nader ElBizri, Prof. John Marenbon, and invited participants will define the project more closely, in the hope that we can appoint a fellow and expand the project over the period 2027-2030. In late 2026, and in the wake of the war in Iran, we will hold a conference Foucault in Iran Today to examine the thought of Michel Foucault, the period of his engagement with the Iranian Revolution 1978-79, and the contemporary effects of that engagement in a conference that will focus on his concept of "political spirituality". 

The Foundation has continued to build strong relationships with academics and universities to develop future work within its research stream on Technocracy and Modernity, opening questions around Political Philosophy and the Fate of the Modem University. 

Page 7 



## KNAPP FOUNDATION CIO 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDED Z1 DECEMBER 2025 

In Spring 2026, Dr David McGrogan will lead the Law and Political Reason International Conference. The conference considers the question of the ground of authority in terms of political reason as the essence of political modernity itself. It aims to elucidate the role of law in modernity in precisely this sense: as a justification for the existence, preservation and growth of the practice of governing. It opens an inquiry into the very nature of political modernity and law's place in its foundations. A central interest is the question, if law participates in, reflects, and gives effect to political reason as it is described here, then to what extent does its composition give effect to what is necessary or normative, versus what is expedient? This will be followed in September 2026 by Dworkin and Fish and the Legacy of Legal Liberalism International Workshop. The workshop aims to examine the debate between these two thinkers and opens for reflection the question of the justification of the grounds of authority in modernity itself - particularly in relation to justifications that are distinctly liberal. 

Prof. John Marenbon will continue to lead and further develop the Conservatism and Political Philosophy Seminar Series in 2026. 

The Foundation will also continue to develop a project on the Fate of the Modem University. Rather than proposing policy solutions, the project seeks to clarify why universities and academic research remain vital as preservers of scientific and intellectual truth, and to explore how the university's present condition reflects the deeper character of our age - and what this implies for its future as an institution of learning: how does the university reveal to us the whole bent and character of the age of which it is an organic part? In the short-term Prof. Laurence Hemming will complete a short monograph written for a general, educated readership at trade-press level as a provocation to the principal questions raised in this project. The Foundation has also secured funds to hold a one-day in-person conference in 2026 provisionally entitled The End of the University, to open the project. 

In late 2026 the Foundation will seek to host joint seminars and small symposia with like-minded institutions, particularly colleges, independent research centers, and foundations also committed to serious humanistic enquiry. We will seek to develop partnerships to broaden the Foundation's intellectual network, while holding to the standards of rigour we prize. We aim to begin with a seminar on Ground, Authority, and Transmission, to bring together scholars from classics, theology, law, and political philosophy across the range of institutions outlined. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The Foundation is a Charitable Incorporated Company (CIO), governed by its Constitution - a corporate body with a constitution that is registered with and regulated by the Charity Commission - as defined by the Charities Act 2011 and the Charitable Incorporated Organisations (General) Regulations 2012 & 2017. 

## **Recruitment and appointment of new trustees** 

New trustees are required to have a sound basic knowledge of the aims, objectives and working practices of the Foundation. In the event of any further induction being necessary it is provided by one of the Officers or another appropriate member of the Board. 

Page 8 



## KNAPP FOUNDATION CIO 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDED Z1 DECEMBER 2025 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Organisational structure** 

The Foundation is governed by a Board of Trustees. The trustees during the period covered by this Report were Prof. Laurence Hemming (Chair); Dr Stephen Richard Sklaroff (Hon. Secretary); Dr Ian Cole; Mr Daniel El Gamry, and Mrs Liz Dalby (resigned on 17.04.2026). An executive committee (also chaired by Prof. Hemming) deals with matters arising between trustee meetings, and the Board is also supported by committees dealing with fund-raising and remuneration. The Board and its committees are supported by the Foundation's Administrative Fellow, Arnaud de Voider. 

The Foundation's activities and research are supported by its Fellows, currently including: Prof. Alice Sullivan (Honorary President and Distinguished Research Fellow; Professor of Sociology, University College London); Prof. John Marenbon (Distinguished Research Fellow; Senior Research Fellow, Trinity College, Cambridge, Honorary Professor Emeritus of Medieval Philosophy, University of Cambridge); Prof. Douglas Hedley (Distinguished Research Fellow; Professor of the Philosophy of Religion, Fellow, Clare College, University of Cambridge); Prof. Laurence Hemming (Senior Research Fellow; Director of the Knapp Foundation and Honorary Professor, Lancaster University); Prof. Nader El-Bizri (Senior Research Fellow; Senior Research Fellow at the Warburg Institute, and an Affiliated Scholar with the Department of History and Philosophy of Science at the University of Cambridge, and an Associate of King's College Cambridge); Dr. Aaron Turner (Knapp Fellow; Research Associate, Department of Classics, Royal Holloway, University of London); Dr David McGrogan (Fellow; Associate Professor, Northumbria Law School, Northumbria University, Newcastle); Dr Lasha Karazai (Fellow; Associate Professor, GeorgianAmerican University, Tbilisi); Dr. Stephen Sklaroff (Fellow; Honorary Secretary), and Arnaud de Voider (Fellow; Administrator & Head of Fundraising). 

The allocation of funding to individual projects is informed by an Academic Advisory Board, whose current members are: Prof. Robert Eaglestone (Professor of Contemporary Literature and Thought in the Department of English, Royal Holloway, University of London); Prof. Michael D Hurley (Professor Of Literature and Theology, Fellow and Director of Studies Trinity College, University of Cambridge); Prof. Jeff Malpas (Fellow, Australian Academy of Humanities, Emeritus Distinguished Professor, University of Tasmania, and Honorary Professor, University of Queensland); Prof. John Marenbon (Fellow of the British Academy. Senior Research Fellow, 

Trinity College, Cambridge and Honorary Professor Emeritus of Medieval Philosophy in the University of Cambridge and Visiting Professor at the Université della Svizzera Italiana); Prof. Alberto Moreiras (Professor of Hispanic Studies, Texas ALM University); Prof. Glenn W. Most (Professor of Greek Philology at the Scuola Normale Superiore di Pisa (retired), Visiting Professor on the Committee on Social Thought at the University of Chicago, External Scientific Member of the Max Planck Institute for the History of Science in Berlin); Prof. William Rasch, Professor Emeritus (Department of Germanic Studies, Indiana University, Bloomington); Prof. Kathrin Rosenfield (Professor of Philosophy, Federal University of Rio Grande do Sul, Porto Alegre); Dr Magnus Ryan (University Associate Professor in the Faculty of History, Peterhouse, University of Cambridge); Prof. Doug Stokes (Professor of International Relations, Director of the Centre for Advanced International Studies and College, University of Exeter); Rev'd Mgr. Andrew Wadsworth (Former Director of the International Commission on English in the Liturgy, Lecturer in the Department of Theology and Religious Studies, Georgetown University). 

Page 9 



## KNAPP FOUNDATION CIO 

REPORT OF THE TRUSTEES FOR THE YEAR ENDED Z1 DECEMBER 2025 

**REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1200294 

**Principal address** First Floor 85 Great Portland Street London W1W7LT 

## **Trustees** 

DR L L Hemmimg DR I Cole DR S R Sklaroff Ms E Dalby 

## **Independent Examiner** 

Malthouse & Company Chartered Accountants America House, Rumford Court Rumford Place Liverpool Merseyside L3 9DD 

Approved by order of the board of trustees on 8 July 2026 and signed on its behalf by: 

Trustee 

Page 



## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KNAPP FOUNDATION CIO 

## **Independent examiner's report to the trustees of Knapp Foundation CIO** 

I report to the charity trustees on my examination of the accounts of Knapp Foundation CIO (the Trust) for the year ended 31 December 2025. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the Trust's accounts earned out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Guy Playfer BA FC A 

Malthouse & Company Chartered Accountants America House, Rumford Court Rumford Place Liverpool Merseyside L3 9DD 

8 July 2026 

Page 11 



## KNAPP FOUNDATION CIO 

## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 

||31.12.25<br>31.12.24<br>Unrestricted<br>Total<br>fund .<br>funds<br>£<br>£<br>77,417<br>50,557<br>1,576<br>36<br>41<br>79,029<br>50,598<br>3,604<br>750<br>73,076<br>50,359<br>76,680<br>51,109<br>2,349<br>(511)<br>141<br>652<br>2,490<br>141|
|---|---|
|||
|||
|||
|||
|||
|Notes||
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies||
|||
|||
|Other trading activities<br>2||
|Investment income<br>3||
|||
|||
|**Total**||
|||
|||
|**EXPENDITURE ON**||
|Raising funds||
|||
|||
|**Charitable activities**||
|General||
|||
|||
|**Total**||
|||
|||
|**NET INCOME/(EXPENDITURE)**||
|||
|||
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward||
|||
|||
|**TOTAL FUNDS CARRIED FORWARD**||
|||



The notes form part of these financial statements Page 12 



## KNAPP FOUNDATION CIO 

## BALANCE SHEET 31 DECEMBER 2025 

|||
|---|---|
||31.12.25<br>31.12.24|
||Unrestricted<br>Total|
|||
||fund<br>funds|
|||
|Notes|£<br>£|
|**CURRENT ASSETS**||
|Debtors<br>7|—<br>530|
|Cash at bank|3,930<br>811|
|||
||3,930<br>1,341|
|**CREDITORS**<br>Amounts falling due within one year<br>8||
||(1,440)<br>(1,200)|
|||
|||
|**NET CURRENT ASSETS**|2,490<br>141|
|**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**|2,490<br>141|
|||
|**NET ASSETS/(LI ABILITIES)**|2,490<br>141|
|**FUNDS**<br>9|2,490<br>141|
|Unrestricted funds||
|||
|**TOTAL FUNDS**|2,490<br>141|



The financial statements were approved by the Board of Trustees and authorised for issue on 8 July 2026 and were signed on its behalf by: 

Trustee 

The notes form part of these financial statements Page 13 



## KNAPP FOUNDATION CIO 

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 

## **1. ACCOUNTING POLICIES** 

## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORT (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 

## **INCOME** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **EXPENDITURE** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **TAXATION** 

The charity is exempt from tax on its charitable activities. 

## **FUND ACCOUNTING** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS** 

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

continued... 

Page 14 



## KNAPP FOUNDATION CIO 

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 

|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||31.12.25|31.12.24|
|||£ £||
||Project Income|1,576||
|**3.**|**INVESTMENT INCOME**|||
|||31.12.25|31.12.24|
|||£ £||
||Interest receivable|36|41|
|**4.**|**TRUSTEES ' REMUNERATION AND BENEFITS**|||



There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. 

||year ended 31 December 2024.|||
|---|---|---|---|
|**5.**|**STAFF COSTS**|||
|||31.12.25|31.12.24|
|||£ £||
||Wages and salaries|41,041|35,279|
||Other pension costs|2,327|2,117|
|||43,368|37,396|
||The average monthly number of employees during the year was as follows:|||
|||31.12.25|31.12.24|
||Staff|1|1|



No employees received emoluments in excess of £60,000. 

continued... 

Page 15 



## KNAPP FOUNDATION CIO 

## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 

|**6.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||
|---|---|---|---|
||||Unrestricted|
||||fund £|
||**INCOME AND ENDOWMENTS FROM**Donations and legacies||50,557|
||Investment income||41|
||**Total**||50,598|
||**EXPENDITURE ON**Raising funds||750|
||**Charitable activities**General||50,359|
||**Total**||51,109|
||**NET INCOMEZ(EXPENDITURE)**||(511)|
||**RECONCILIATION OF FUNDS**Total funds brought forward||652|
||**TOTAL FUNDS CARRIED FORWARD**||141|
|**7.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|31.12.25|||31.12.|
||||24|
||||£ £|
||Trade debtors|-|530|



continued... 

Page 16 



## KNAPP FOUNDATION CIO 

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 

## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|At 1.1.24<br>£<br>Net movement<br>in funds £<br>At<br>31.12.24 £<br>652<br>(511)<br>141<br>652<br>(511)<br>141|At 1.1.24<br>£<br>Net movement<br>in funds £<br>At<br>31.12.24 £<br>652<br>(511)<br>141<br>652<br>(511)<br>141|
|---|---|---|---|
|||At 1.1.24<br>£||
|||||
|||652||
|||||
|||||
|||652||
|||||
|**8.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|Other creditors|31.12.25 £ 1,440<br>31.12.24 £<br>1,200|||
|**9.**<br>**MOVEMENT IN FUNDS**|At 1.1.25<br>Net movement<br>in funds<br>At<br>31.12.25|||
|||||
||£<br>£<br>£|||
|||||
|**Unrestricted funds**<br>General fund|141<br>2,349<br>2,490|||
|**TOTAL FUNDS**|141<br>2,349<br>2,490|||
|Net movement in funds, included in the above are as follows:|<br>Incoming<br>Resources<br>Movement|||
||resources<br>expended<br>in funds|||
|||||
||<br>£<br>£<br>£|||
|||||
|**Unrestricted funds**<br>General fund|79,029<br>(76,680)<br>2,349|||
|**TOTAL FUNDS**|79,029<br>(76,680)<br>2,349|||



continued... 

Page 17 



## KNAPP FOUNDATION CIO 

## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 

## _**9.**_ **MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|parative net movement in funds, included|in the above are as follows:|in the above are as follows:|
|---|---|---|
||<br>Incoming<br>Resources<br>Movement||
||||
||<br>resources<br>expended<br>in funds||
||||
||<br>£<br>£|£|
||||
|**Unrestricted funds**|||
|General fund|50,598<br>(51,109)|(511)|
||||
||||
||||
|**TOTAL FUNDS**|50,598<br>(51,109)|(511)|
||||



A current year 12 months and prior year 12 months combined position is as follows: 

||<br>Net<br>movement<br>At<br>At 1.1.24<br>in funds<br>31.12.25<br>£<br>£<br>£<br>652<br>1,838<br>2,490<br>652<br>1,838<br>2,490|
|---|---|
|||
|||
|||
|**Unrestricted funds**<br>General fund||
|**TOTAL FUNDS**||



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Incoming<br>Resources<br>Movement|
|---|---|
|||
||<br>resources<br>expended<br>in funds|
|||
||<br>£<br>£<br>£|
|||
|**Unrestricted funds**||
|General fund|129,627<br>(127,789)<br>1,838|
|||
|||
|||
|**TOTAL FUNDS**|129,627<br>(127,789)<br>1,838|
|||



continued... 

Page 18 



## KNAPP FOUNDATION CIO 

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 

## **10. RELATED PARTY DISCLOSURES** 

In the year ending 31st December 2025, one of the trustees provided a donation of £18,000. 

Page 19