Alacrity Foundation
What it does
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.
Its charitable purposes
ARTICLE 2:THE OBJECTS OF THE CHARITY ARE SPECIFICALLY RESTRICTED TO THE ADVANCEMENT OF EDUCATION AND LEARNING, IN PARTICULAR BUT NOT LIMITED TO BUSINESS STUDIES, BUSINESS MANAGEMENT PRACTICE AND THE DEVELOPMENT OF ENGINEERING AND TECHNOLOGY FOR THE BENEFIT OF THE PUBLIC.
Causes
- What it works on
- Education and training
- Who it helps
- Other defined groups
- The general public
- How it works
- Provides buildings, facilities or open space
- Sponsors or carries out research
- Other charitable activities
Where it works
- In Wales
- Newport City
Income and spending
In the year ending 31 March 2025, it had income of £1,732,862 and spent £1,490,097.
| Year ending | Income | Spending | Paid staff | Volunteers |
|---|---|---|---|---|
| 31 March 2025 | £1,732,862 | £1,490,097 | 5 | 102 |
| 31 March 2024 | £1,370,125 | £1,373,613 | 5 | 102 |
| 31 March 2023 | £1,342,330 | £1,494,233 | 5 | 110 |
| 31 March 2022 | £1,638,707 | £1,378,144 | 5 | 40 |
| 31 March 2021 | £1,145,857 | £1,202,261 | 5 | 40 |
Financial position
Separate measures from the charity's own returns and accounts, each with its year. Read them together: no single measure says how well a charity is run.
- Income over time
- Up 51%, from £1,145,857 in the year to 31 March 2021 to £1,732,862 in the year to 31 March 2025.
- Spending against income
- It spent 86% of its income in the year to 31 March 2025. It spent more than its income in 3 of the 5 years shown.
- Money from government
- 98% of its income in the year to 31 March 2025 came from government grants and contracts (£1,704,709).
- Largest funder
- Wesley Clover Collaboration Agreement gave £753,316 in the year to 31 March 2025, 43% of that year's income.
Government funding, as the charity reported it
Government grants in the year ending 31 March 2025: £753,316 from 1 grant. Government contracts: £951,393 from 3 contracts.
| Year ending | Government grants | Government contracts |
|---|---|---|
| 31 March 2025 | £753,316 from 1 grant | £951,393 from 3 contracts |
| 31 March 2024 | £347,077 from 1 grant | £299,215 from 2 contracts |
| 31 March 2023 | £903,509 from 4 grants | Not reported |
| 31 March 2021 | £440,000 from 1 grant | £440,000 from 1 contract |
Where its income came from in the year ending 31 March 2025
- Donations and legacies£1,717,862
- Other£15,000
Who funds it, according to its accounts
In its accounts for the year ending 31 March 2025, the charity named 5 funders who gave £1,711,855 between them. £206,806 of that came from public bodies.
These figures were read from the accounts the charity filed with the Charity Commission by Claude, an AI model, in OpenEconomy's accounts reader. AI can misread a table, so check the accounts on the register before relying on a figure.
| Funder | Type | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Wesley Clover Collaboration Agreement | Trust, company or other | £753,316 | £347,077 | |
| Alacrity Cyber and CIH | Trust, company or other | £591,737 | £708,552 | |
| Monmouthshire County Council | Council | £206,806 | ||
| Media Cymru | Trust, company or other | £153,396 | £176,063 | |
| Coleg Gwent | Trust, company or other | £6,600 | ||
| Donations | Trust, company or other | £1,339,773 | ||
| Monmouthsire | Trust, company or other | £123,152 |
Grants awarded to it, published on 360Giving
No grants to this charity appear in 360Giving data.
Payments from public bodies, from their spending data
Public bodies' published spending shows 20 payments to this charity worth £2,689,725 between 12 February 2021 and 9 September 2025.
| Public body | Paid | Payments | Financial years |
|---|---|---|---|
| Welsh Government | £2,170,000 | 6 | 2020/21, 2021/22, 2022/23, 2023/24, 2024/25, 2025/26 |
| Monmouthshire County Council | £519,725 | 14 | 2021/22, 2022/23 |
In the Senedd and Welsh Government
Senedd and Welsh Government records that name this charity, gathered by OpenSenedd. Newest first.
12 July 2024
Named by Vaughan Gething in the Senedd
Alacrity. The Alacrity Foundation—the work that we've joint funded. And one of the projects that I think is genuinely exciting is one of those projects that looked at, in different parts of Wales, not just generally, talking about the coverage that an operator has across the country, but they're abl…
Trustees
5 trustees run the charity.
- Dilwyn John Howells
- Flora Stephanie Legh Coutts
- Gayle Elizabeth Bowen
- Professor Simon John Gibson CBE
- Timothy Matthew Barnett
Filing record
Of the last 5 annual returns that were due, 4 arrived by the deadline.
| Year ending | Due | Annual return | Accounts |
|---|---|---|---|
| 31 March 2025 | 31 January 2026 | Received 11 December 2025, 51 days early | Received 11 December 2025 |
| 31 March 2024 | 31 January 2025 | Received 9 December 2024, 53 days early | Received 9 December 2024 |
| 31 March 2023 | 31 January 2024 | Received 8 February 2024, 8 days late | Received 8 February 2024 |
| 31 March 2022 | 31 January 2023 | Received 11 January 2023, 20 days early | Received 11 January 2023 |
| 31 March 2021 | 31 January 2022 | Received 6 January 2022, 25 days early | Received 6 January 2022 |
About this charity
- Charity number
- 1140916
- Status
- Registered
- Registered with the Commission
- 30 March 2011
- Governing document
- Memorandum
- Company number
- 07554557This company on OpenEconomyThis company on Companies House
- Website
- www.alacrityfoundation.co.uk
- Council area of its contact address
- Newport
Sources
- Register details, income, spending, trustees and filing dates: Charity Commission for England and Wales, register of charities. Loaded by OpenEconomy on 2 November 2026.
- Funding from accounts: the charity's filed accounts, read by OpenEconomy's AI accounts reader on 1 November 2026.
- Grants awarded: 360Giving open grants data, from funders that publish there, as loaded by OpenEconomy.
- Payments from public bodies: each body's own published spending data, matched to the charity by OpenEconomy. 5 public bodies' data is included so far.
- In the Senedd and Welsh Government: records gathered by OpenSenedd and matched to the charity by OpenEconomy on 5 November 2026.