Finance Score: 0

Governance Score: -1

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Strong growth: +2

Only 3 Trustees: -2
Narrow trustee age band: -2
Gender balanced board: +3

No supporters identified

Overall GiG Score: -1

AKO FOUNDATION

The Foundation's main activity is to make grants to UK charities and for charitable purposes elsewhere in the world. The priority areas for its grants are initiatives and projects which improve education, promote the arts and combat the climate emergency. The Foundation does not seek applications for grants and will not make grants in response to unsolicited applications received.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

There are only 3 trustees
The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £1,074,296,000 available, equivalent to 370 months of spending and so may not be able to utilise additional funding

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22	£79,111	£34,800	£44,311	£0	£1,074,296	£1,074,296	370.4	1	4
31/12/21	£268,458	£41,123	£227,335	£0	£1,071,662	£1,071,662	312.7	1	5
31/12/20	£439,773	£23,628	£416,145	£0	£650,635	£650,635	330.4	1	14
31/12/19	£49,975	£27,037	£22,938	£0	£120,510	£120,510	53.5	0	14
31/12/18	£40,205	£25,586	£14,619	£0	£74,103	£74,103	34.8	0	10
31/12/17	£8,897	£9,981	£-1,084	£0	£53,554	£53,554	64.4	0	0
31/12/16	£11,952	£8,098	£3,854	£0	£44,477	£44,477	65.9	0	0
31/12/15	£15,147	£3,174	£11,973	£7	£31,368	£31,368	118.6	0	0
31/12/14	£6,468	£6,014	£454	£7	£18,141	£18,141	36.2	0	0
31/12/13	£19,593	£3,170	£16,423	£7	£15,531	£15,531	58.8	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 1%
Highest pay band: £130,000-£140,000
Liabilities/Assets: 2%
Liabilities/Income: 33%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 370.4 months
Net Current Assets/Spending: 39 months
Quick Ratio: 6.2

Asset Split ?

Established: 11 years

www.akofoundation.org

enquiries@akofoundation.org

02070702400

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training
General Charitable Purposes

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Organisations

Where it operates

Denmark, Ethiopia, Ghana, India, Italy, Liberia, Netherlands, Norway, Sri Lanka, Throughout England, Ukraine, United States,

Who it helps

Other Charities Or Voluntary Bodies
The General Public/Mankind

Who works here?

1 employee
4 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

Age Range of Trustees: 54-62

DAVID MATTHEW WOODBURN Appointed: 2013, Occupation: Accountant, Other trusteeship: THE DRW FOUNDATION,

HENRIK PREBEN SYSE Appointed: 2013, Occupation: Researcher, Author, And Lecturer

SALLY MORVEN PROCOPIS Appointed: 2020, Occupation: Chief Operating Officer

Legal constitution

Charitable company registered in England & Wales on 29/04/2013, number: 1151815
Registered at Companies House on 01/02/2013, number: 08385711

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Investment
Risk management

Filing Record

10 returns made; all on time

Main office

One Newman Street
London
W1T 1PB

Objectives

THE OBJECTS OF THE CHARITY ARE:(A) THE ADVANCEMENT OF EDUCATION; (B) THE ADVANCEMENT OF THE ARTS, CULTURE, HERITAGE AND SCIENCE; AND(C) ALL OTHER CHARITABLE PURPOSES FOR THE BENEFIT OF THE PUBLIC.CHARITABLE PURPOSE HAS THE MEANING PRESCRIBED BY THE CHARITIES ACT.

Data Sources