Acumen Academy UK
Report of the Tnjstees and
Unaudited Financial Statements
for the Year Ended 31 December 2024
Tharrty CommMior*rs Co
Regisrered Charity No. 11856457

Charlty information
Report of the Trustees
Statement of finanual actiwties
Balance sheet
Notesto the accounts
6-12
Independent Examlnerfs Report
13

Truste
Rebecca Easimond
Sarah Farooq
Duro Oye
Dawdjerefny GrAd
Katherine Osbom
Katherine Parker (Appointed 2W05120241
John Stares IRÈsigned 3010912024}
Programme Dlrector
Benjarnin Lane
Charlty Number.
1185457
Prfncipal Address:
Aojmen Academy UK
5omerset Htyjse
Strand
London
WI2R 1LA
onkers
Natwest Bank PIC
POBox414
38 Strand
London
WC2H 5JB
Independent Examlner
Mrs J M Bennett
Anderson BaTrDwdrff Ltmited
3 Klngfisher Court
Bowesfield Park
Stod(tron on Tees
TS183EX
Page 1

The Trustees presenttheir repor¢ togetherviith finanaal statements forthe Year Ended 31 December 2024
The Trustees have adopted the pr¢vi%ons of the Statement of Recommended Prattice150RP}-Accounting and
Reporbng by Charitie< in preparing the annual report and finanoal statemerts ofthe charity.
The finanaal statements have been prepared in accordance with the accounting wlicies set out in note5 to the
c(ounts and complywtth the chartysgoverningdocumenL the Char[tI￿ Aa 2011 and Accounting and Reporting
by Charities: Statement of Recommended Practice aWicabfe to dwritses preparing their accounts in accordance
the Financwl Reporting Standard applcable in the UK and Republic of Ireland publisherj In October 2019.
OBJEcfivES AND AcllviTIES
The Chartys objects are to AQknn￿ education. d￿e10Pft￿ and tralnlrg of indivlduab to enable them ro work
for the benefit of 50aety and deliver progressive sooal thange in communities and organisations. The prfncipal
artmty is to deliver leadership training through online and resmlential programm@s f(* those working to create
social or envtronmental change, mainty Iharities, s(Ktal enterprises and otherpwpose4ed organisations.
ACHIEIEMEiwfs AND PERFORMANCE
The Charwty completed a comp￿hensl¥e miew of the UK Felbyo Programme. resultlng in refinements to the
selettion process, programrne contenL and facilitation approach. These improvements were successful
implemented In the 20￿-24 Fellow5 Programme. thith supported a cohort of 17 Founders, CEOS, and Senior
Leaders to Strengthen the leadership skilLs ar￿ communSty netsvorks reqLured to addre55 entrenched Social
chauenges in their communttiès. Anatysis and evaluation of the 202>24 Fell¢)ws Programme eMdenc&J:
100% of Fellows reported strengthened leadershlp abilttie>
94% reported improved capaatyto achieve organisational goa
88¥J reported deepened soaal IMpartv￿hin the(r communities.
100% stated the Fellowship provid￿ a trusted community that 5UPPrts their work.
Ajongslde the core programme. the Charrtyhas Continu￿ to strengthen Yhe Foundrf- a range of opportuntties
and events for programme alumni. Evaluadon of The Foundry In 202>24 showed:
Over 9796 of Fello¥￿ reported that the Fellowship enabled them to build a trusted communty that
supports their leade￿hIp joumey. offeringaccess to advice an(1 networks.
Post-programme engagernent is high: 55% of Fellows have collaborated eath other. 75% have
attended a Ftbundry session. arKI 60% have contributed to the sele(tiorb and delivery of ftjture
programmes.
Fellows are a(tivetyembedding tearningfrom the Fellowship intotheirvvider communitie5, organlsatlons.
and institutsons. sharlng tools and practices with more than Z%X) people bcyond the Fellowship. Over
50% provide mentorship ￿thin their communittes. and over 30% faabtste learning discussions based on
Fellowship content.
Collectivety, Fellowg initiats have impacted 23 rnillion lives across the UL.
Educated over 155.0(K)young people.
o Trained over 135.000 indmduals.
Established over 8,QM)) pathrship
Enabled over 50% of Fellows to encourage replication or open-source their ideas, Wlth 66%
¥¥orkingtg infiuence public poticy.
The Charityalso completed a Suc￿sSfvl OLrtreath campalgn forthe 2024-25 Fell0v￿hIp. engagingover 100pamer
Organi￿tiOnS and 5peaknng direcrty with more than 250 social leaders to identsfy potential applicants for the next
UK Fellows cohorL
Page 2

of Thè Cou
FINANCIALREVIEW
The tharity rnade a deficit of £109,892 C2023: deficit £24.9211 durlng th*￿ar on unrestricted fvnds and defici( of
£NII (2023: £NiD on restritted funds. The unrthtcted funds at the yearend stood at £101,932 (2023.. £211024)
and the restricted funds were £Nil (2023: £Nil).
Reserves polity
Re5eNes are that part of a charitys Un[￿iCted funds that are freety avallatde to spend oft any of the charttys
purposes.
Acumen Academy UK has the ambititin to maintain free unre¥ficted reservey.
to prnvide 3 level of V￿rkIng capital that Fyotects the IDntinuty of our core wotk Inc￿dIng the
costs a￿o￿ated Tmth the delNery ofthe programmes.
to pro￿defUndlngfor po5sibfe opporbJnitie&
RucfuRE 60VERNANCEAND MANAGEMENT
A(urnenAcademy UK ao was IrKorporated on23 SWmber2019. The ao startedto operate on l Janvary2020.
r*Jvernln8 document
The Charitable Incorporated 0rgan1satiorfsg(￿rnIngdC￿tMff is rfs constitijllcm dated 19 September 2019.
Appt)Intmen¢ and Remiltment of T￿￿et5
other than the first chartty twstÈe5. every trustee Tllu5t be appoirrted for a terni of three years by a resolution
passed as a properfy convened meeting of the trust￿ In selecting Indknduals for appointrent as trustee5. the
charity has regard to the skllL kn￿￿edge and experleno needed forthe aYectNe administratkjn of the CIO.
Orwlsatlonal structur•
The Trustees hold quartety Board Meeungs key de(i*ons around governance are made and recorded In
the mlnLtsS. The dayto day running ofthe tharity 15 deak with bythe Programme Dlrector.
Thistee SLitement
In settlng our oblecEwes and planning athitse& the trustees have (areful consideration to the Charty
Commission guidance on public benefit.
prttvÈd byorder of the board of tru5tee5 on and signed on Its beha￿
R Eastrnond
Trustee
Date..
13J10J2025
Page 3

2024
Restrkted Unrestricted
Funts
Fund5
2023
Total
Funds
Total
Funds
Note
Income
Donations & legacles
Othertradlng acomties
Investment income- interest recoived
124.198
156.198
266.846
4034
4.034
12D5
Total Income
000
128232
160.232
268,451
Expenditure
Charttable athAti
238.124
270.124
293372
Total Expendlture
238.124
270.124
293.3T2
Net expendrture for the yearlnet
movement In funds
(109J92)
{109.892)
124,921)
Fund balances broughtfonvard at
1 January 2024
211.824
211.824
236.745
Fund balances carrfed torward at
31 December 2024
11
101.932
101.932
211,824
The accompanyng notes fom partofthesefinan(ial statements
Page 4

31
2023
Flxed Assets
Tangible a55ets
1.230
Cash at bank and in hand
Debtors
16i6ff6
7.181
2U886
295
175.867
223.181
Credltors. Amounts falling vathln
one year
10
74.941
11587
Net CurrentA55ets
210.594
NetA￿ts
101.932
210,594
Funds
Restricted
un￿strICted
101.932
210594
Totsl Funds
101
210.594
R Easth)nd
Trustee
13110r2025
The accounts were approved tythe Trustees on.-.---.-.--.-._--.-----
The accompa￿1￿8 notes fomi partof these finandal statement
Page 5

ACCOUNTING POUQES
lal
General Infomatlon arHI basi5 olpreparatlon
The charty is a registered tharity in England. The address of the principal office is briven In the
charity information page 1. The narure of the tharitys actiVFties are shown in the ReFK)rt of
the Trustee&
The chartty constttutes a public benefft entity as definal by FRS 102. The financlal statement5
have been prepared in accordance with Accounting Reporting by chariti￿.. Statement of
Remmmended Practice appll(able to charitses preparing tr*ir accounts in accordance with the
nanoal Reporting Standard applicable in the UK and RepLJblic of Ireland (FRS 1021 Issued in
Ortober 2019, the fir￿n0a1 Reporting Standard applicable in the United ￿ngdoM and Republic
of Ireland IFRS 1021 the CharitiesAct201 l and UKGenerallyAccepted practi￿ a5 (t applie5 from
1 January 2015.
The financial statements have been prepared to give a true and falrf Mew and have departed
from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to
provide a true and fairvlevl. Thi5 departure has Invo￿ed followingthe Accounting and Reporting
by Charities: Statemenr of Recofflmended practi￿ appllrable to charities preparing thelr
accounts in accordance swth the financial Reporting Standard ap￿1(able in the UK and Republic
of Ireland IFRS 102 published in Ottober 2019 rather than the accounting and Reporting by
Charities: Ststement of Re(￿￿mended Practi￿ effe¢tive from 1 April 2￿5 which has since been
withdrawn.
The finanoal statements are prepare(l on a going concem basts under the historical cost
convention. The charity currentyhas SLfficFent reserves to continue in operation. TheTrustees
therefore believe that r( is appropriate to prepare the firkinrial statements on a going concern
basis.
The financial statements are prepared in steding which is the functional currency of the charw.
rounded to the nearestL
The significant accounting wjlioes applied in the preparation of these financial 5tstements are
set out below. These polioes have been cOr￿lsEe￿tty applied to all years presented unless
othernise ststed.
Ibl
IrKome
Iterns of income are recognised and induded in the accounts when all the followng crfterla are
met:.
The charity the entitlement to the fiJnds
Any performance condtfiorG attached to the fcemlsl of income have been met or are
fully ￿[hIn the corrtrol of the charity.
There is sufficient certaintyth* receipt of the incorne is considered probable; and
The amourtcan be meayJred reliabty-
Income from othertrading activit￿5 indudes income recogni5ed as earned las the related
goods or servic& are prowdedl under contracL There is no netting off within the accounts.
DonatTons arecredited toincome astheyare receNed. Grantsrecerved are recogni5ed as incorne
forthe peri(Kl byhich they relate to.
Donated faciltties are induded ar the acu￿1 c05t orvalue to the (harity, as described Note 2.
Page 6

Ic)
Expenditure
All expendlture is accounred for on an accruals basis and if recognised once there is a legal or
cOnstruct￿e obligation to rnake a payment ro a third paty. it ￿ probable that Settlement will be
required arKlthe amountcan be rne￿￿red rdlabty. IrrecoverableVAT is included in expendtture
against the relevant COStforwhich the expendrture was incurred. Expendiwreis dassified under
the followng heading&-
Charitsbje expendtture comprises tr￿se costs incurred tythe charfty in the delniery of Its
attiwties. Itindudes both costs which can bedirectyallocated rooctivities and thosecosts
of an Indirett nanjre.
Jpport Costs a￿ those fiJnctlons that assist the work of the charity but do not directly
undertske charitsble activities. SupFKIrtCOSts include ￿d£OffiCe£05S finance. personnd.
payrdl and govemance cosr&
Govemance costs are those incurred in (onnectron y￿th compliance with constttutlonal
and StrdtLrtw requirements.
(di
Fixed assets are stated at cost less accumuL*ed depreaation. Assets cosknng ￿$thaTr £500 are
not capitalised.
Computer equipment is depreciated on a 33% StraEht line basis to write off each asset over its
estimated usefijl Ilfe.
{el
Debtors
Trade and other debtors with no stated interest r&e and receNable wtthin one year are
re(ognised at the transaction prtce.
In
Cash at bank
Cash at bank and ￿$h In hand include5 cash and sh¢rtterm highty liquid irNescmentswth a short
mawrity of three months or kn from the date of acquislEron or opening of the deposit or similar
accounL
(gl
Creditors
Creditors and provisions are recognised wherethe charfty ha5 a presentoblrgatton ￿sUltIngfrOM
a past eventthat wll probably result in the transfer of funds to a third party and the amount due
to settle the obligation can be measured or estimared reliably. Creditors and provisions are
normally recognised at theirsetttement amounL
{h)
Fund accountlns
General fvnds are unrÈstrirted funds vthich areavailable for Llse at the discretion of the trustees
in fvnherance of the general objectives of the d*rity and which have not been designated for
other purposes.
Restrirted fiJnd5 are fvnds 7thith areto be used in accordan￿ with specific resrrictions imposed
by donors or which have been raised by the charity for particLrLir purposes. The cost of raising
and administering the fiJnds are charged against the specinc fund. The aim and use of each
restritted fvnd Set out in the notesto the financlal statements.
Financlal Instruments
The charity onty has financial assets and finanaal liabilitiesof a ktnd thatqualify as basic financial
Instrurnen￿ Basic finanoal instruments are initially recognised at transattion value and
subSequen￿Y measure(J at their settlemen¢value.
PerLsion Costs
The charity operates a defined corftributyon penson scheme for the benefft ofits employees and
contribuknons are tharged to the SOFA in theyear in whi(h theyare made.
Page 7

Ik)
Golng concern
The financial statements ￿ been prepared on a goirg concem basts as the trLStees believe
that no material uncertainties e￿$L The trustee5 have considerÈd the level of fijnds held and
the expecred level of income and expenditure for 12 months from authorising these financial
Statemen￿ The budgeted income and expendtture is suffioÈnt with the level of reserves for the
charfty to be abte to continue as a g￿ng concem.
DONATIONSAND LEGACIES
2024
Restricted Unrestricted
2024
Total
2023
Total
Garffeld Western
Rank Foundatlon
Segelman Trusr
J&C Stsre5
5urKlry Donations
The Damd Cock Foundation
Work Family Strategic Givrng Grant
Donateé facllitres
Lumen Fund. Inc
32,OOf)
60,000
40,000
25.000
40,000
24993
50.01)D
50,000
50,OOD
6.000
124.198
156.198
266,846
In 2023 É95N6 of the income was restritted. and £171.0(K) syds unrestritted.
Ir) the prior year. the charity used office space prowded by a trustee of the charity free Df charge. Th@
valuation of the donated facilittes is an estimate based on the open market value of similar faolities.
OTHER TRADING ACTMTJES
All Unrestrl(ted
2023
Workshop Income
400
400
Page 8

CHARITABLE AcrivrriES
2024
2023
Costs dlrectly allKated to activttk
Salary cosrs
Pension ct)sts
Programme delivery
Cohort outreach and Se1￿￿On
Acumen Programme kncence & support fees
threct consultar
134A55
5.686
80.692
1.702
120.712
8266
91388
3,204
24.855
36,5(#)
247.790
36.500
Support Costs allocated to activities
Technology & software costs
General costs
Rent
Other Staff costs
Consuttancy
Insurance
Bank Charges
Depreciation
Governance costs (note 51
776
6.oc
6,695
6,205
218
7.927
974
1,118
10,646
11.764
Total
270.124
293.372
In 2023 £95.846 of the expendittjre was resthtted and £197526was unrestricted.
GOVERNANCE COSTS
2023
Accountancy
- independent examination
- other
3.OLKI
1.sn
390
2.520
1,226
Legal fees
4.968
10.646
TRUSTEE REIIUNERATION AND EXPENSES
None of theTrusrees recewed anyremuneratsonfromthecharity. No expenses were paid tothèTrustees
durÉng this year or the premous year.
Page 9

EMPLOYEE INFORMATION
Staff costs are as foll0v￿-
2023
Wages & salarie5
NatFoNal Insurance
Pension cosrs
126.fK
112,677
8,035
8,266
5.686
140,541
128,978
The number of employees whose remuneration lexduding national IrL£uran￿ contrfExrttonsl exceeded
£6Q),000 was as follows:.
2024
2D23
70,CK)1- 80.(
The average number of employees wa&-
2024
2023
Direct
Key management personnel
The charty consider5 the Key Management Personnel to be the Trustees and the Programme Dirertor.
The salary of the key rnanagement personnel (Induding pension contributions and ernployerfs National
Insurance amourts to £84.716.
TANGIBLE FIXED ASSETS
Computer
Equlpment
Total
Cost 1 January 2024
Addrtions
Disposals
4165
750
(834}
4165
750
(834)
31 December 2024
4081
4.081
Depredatlon
rought forward
Charge for year
Elimination on dtsposal
1935
974
1834)
1935
974
(834)
At 31 December 2024
1075
3,075
Net Book Value
31 December 2024
1.006
Net Book Value
31 December 2023
1230
1,230
DEBTORS
2023
Other debtors
7.181
295
Page10

10
CREDITORS: AMOUNTS FALUNG DUE VrnIIN ONE YEAR
2023
Trade creditors
Accruals and defe￿ed Income
5(xial securityand othertaxes
Other creditors
Deftrred income
3.956
3.047
1938
15,000
50.0
3.193
2,850
3,404
3,140
74941
12.587
The d￿erred irKome relatesto grantfunding recewed relating to the foll¢)wngyear.
11
ANALYSIS OF CHARifABLE FUNDS
Batance
Balance
1 January Incoming Resources 31 Decemljer
Unrestrlrted Funds
211.824
128.232
1238.1241
101.932
Restrlrted Funds
Garfield Westem
311X)O
(31C￿l
Total
31OC(J
(310001
Total fund5
211024
160.232
1270,1241
101.932
All the restritted ￿nd$were to set up the Fdlosy5 programme and to pmvide the training for the 2D23
and 2024 cohort5.
12
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted
Fund$
Funds
Total
Tangllble Fixed Assets
CurrentAssets
Liabillttes
175,867
r14,9411
175.867
(74.941)
101.932
101.932
13
PENSION cosrs
The charity operate5 a contributory pension scheme. It Is a defined contributtons scheme and
contributiOn5are charged to the SOFA astheyare paid. Th chargeforthe yearwas £S,68612023.' £82661.
Page11

14
RELATED PARTI TRANSAcfioNS
A trustee Df the tharity, Rebecca Easrmond is a trustee in The Davlé Cod( FoLtndation and The Segelman
Trust. both of s¥hlch made donations to the charitythi5 year1£50.01)O and £40,000 respectivelyl. She aLs0
serves on the Acumen Fund Inc gobal a(knsory board. Acumen A￿ernY UK is a regional affiliate of the
Acumen Fund Inc and is licenced to adminlster the Acumen fetlowship and Leadership prograrnmes in
the UK kumen Furtd Inc donated £9205 as a contritrHJtion to Consu￿ancY and facrlitation in the
year.
Funding fromJ&C Stares. of vthichjohn Stares is a member was also recewed thisyeartotslllng £24.993.
During the year£2(M) ha5 been paKJ to Dawd Gobj. a trustee. for team mentorship and coachin& Thls has
been paid at the nom)al market rate.
Dtjring the year £1,005 was paid to Duro (ty¢ a trustee. This re￿te5 to consuMa¥Ky work done ft)r the
harity. This has been paid & normal market rate&
No other related parry transactions occurred during theyear.
Page 12

I repoft to the tharitytrustees on my examinatton of the accounts ofthe Charityfortheyear ended 31 December
2024 which are set out on page5 4t0 11
Responsibilitie5 and basls of report
As the charws trustees you are responsible for the prepararion of the accounts In accordance the
requirements of the Charitie5 Att 2011 llhe Acry
I report in respètt of myexamination of your chariws accounts as carried out under secLion 145 of the Acr and In
carryiro out my examination I have folkswed all the ap￿1(able dirertlons bTrven by the Charity Commission under
settlon 1495Xb) of the Att.
Independent examinerfs s&itement
I have completed my examinatlon. I confirTh that no matters hwe come to my attentlon In C￿nectIOn wtth the
examination gfving me cause to believe that in ary materlal ￿Spe£t
accountlng records were not kept in respect of the charityas required by section 130 of the A¢ or
the accounts do not accord 4wth those records or
the accounts do not compty wth the applicable requirements conceming the form and content of
accounts set OLrt in the Charibes (Accounts and Reports) Regukts"ons 2008 other than any requirement
that the accounts g5ve a Irue and fair vthich is not a matter considered a5 Part of an independent
examination.
I have no concems and have come acr1￿5 no other matters in connection wtth the examination to whlch attention
should be drawn in this report in order to enable a proper undersranding of the accounts to be reached.
J M Bennett FCA
Anderson Barrowcliff Umited
Chartered Accountsnts
3 Ktngfisher Court
BOwe$f￿Id Park
Stockton on Tees
TS18 3EX
Date..
-.l..+..l.i.o..1.2.5...._.............-..
Page13