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AKAMA

Registered charity 1198572 · accounts filings on the Charity Commission register · also known as Akama Fund

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.

Objects

FOR THE PUBLIC BENEFIT, TO ADVANCE THE EDUCATION OF UNIVERSITY STUDENTS IN THE UNITED KINGDOM THROUGH THE PROVISION OF SCHOLARSHIP FUNDING TENABLE AT ANY UNIVERSITY IN THE UK AND THROUGH SUPPORTING THEM TO PREPARE FOR ENTRY TO ANY OCCUPATION, TRADE OR PROFESSION ON LEAVING UNIVERSITY.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Economic/community Development/employment · website · Get email alerts

Latest income
£92k
Latest spending
£91k
Registered
2022
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Grants (91% of income)
“Restricted funds totalling £83,800 include grants received from two organizations, ESRI (UK) Ltd and Rewriting the Code.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: 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 (held: £5k)
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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.