AKAMA
Akama develops higher education scholarships and sets eligibility criteria through analysing data on societal need, and where there are specific gaps, for example, students from poorer backgrounds or industries where there is under-representation. Each scholarship relates to a profession rather than a subject and students at any UK university that match the criteria may apply.
Financial health, per its FY2025 accounts
The accounts state that Akama ended the year with a surplus of £1,396 and total funds of £5,017, with cash at bank of £5,917. The trustees report that the charity is able to continue operating and meet commitments, noting that reserves provide working capital to cover essential running costs. The independent examiner confirmed that no matters came to their attention requiring further explanation.
What the accounts disclose
“Restricted funds totalling £83,800 include grants received from two organizations, ESRI (UK) Ltd and Rewriting the Code.” — page 8
“Akama’s reserves policy is to maintain an appropriate level of free reserves to ensure the charity can continue operating and meet its commitments in the event of unforeseen costs or short-term fluctuations in income.” — page 4
Trustees
- Thelma Onyekachair
- Dr Louise Maynard-Atem
- EDITH DAVID
- JINMI OLUANUIGA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £92k | £91k |
| 31/03/2024 | £3k | £837 |
| 31/03/2023 | £7k | £6k |
Common questions
Is AKAMA financially healthy?
Per its FY2025 accounts: The accounts state that Akama ended the year with a surplus of £1,396 and total funds of £5,017, with cash at bank of £5,917. The trustees report that the charity is able to continue operating and meet commitments, noting that reserves provide working capital to cover essential running costs. The independent examiner confirmed that no matters came to their attention requiring further explanation. Its FY2025 accounts were independently examined.