ALACRITY FOUNDATION
Registered charity 1140916 · accounts filings on the Charity Commission register
The charity has been established with the mandate to mentor and train the brightest and best graduates and create a new generation of British Hi-Tech companies.
Causes: Education/training · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £242,765 for the year ended 31 March 2025, with unrestricted funds increasing to £1,133,415. The trustees maintain that reserves are held at a level equivalent to between three and six months' expenditure, a policy they consider maintained throughout the year. The independent auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: between three and six month's expenditure (held: £1.1m)
“it is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by Kilsby & Williams LLP. Discloses 4 of 6 completeness components.
In the news
Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).
Leadership, per the charity’s website
- Hannah Williams — Chief Executive Officer (source)
- Professor Simon J. Gibson, CBE, DSC. DL — Chair (source)
- James Lewis — Director (source)
- Andrew Tuite — Director (source)
Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.
Funders the charity credits
Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).
- Welsh Government — “Supporters Welsh Government” (source page)
Public profiles (found on the charity’s own website): instagram · linkedin
Structured financials (annual return, FY ending 31/03/2025)
Reported reserves equal ~5.2 months of spending — above the median for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (99% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).
Trustee list from the Charity Commission register (current, not historical).
Operates in: Newport City
Income and spending
Common questions
Is ALACRITY FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus of £242,765 for the year ended 31 March 2025, with unrestricted funds increasing to £1,133,415. The trustees maintain that reserves are held at a level equivalent to between three and six months' expenditure, a policy they consider maintained throughout the year. The independent auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Kilsby & Williams LLP.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE ROBERT MCALPINE FOUNDATION.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.