Company No: 15777224 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2024
		£
Current assets
Cash at bank and in hand		4,491
		4,491
Creditors: amounts falling due within one year	3	( 6,854)
Net current liabilities		(2,363)
Total assets less current liabilities		(2,363)
Net liabilities		( 2,363)
Reserves
Profit and loss account		( 2,363 )
Total reserves		( 2,363)

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of 80,000 Hours Foundation (registered number: 15777224) were approved and authorised for issue by the Board of Directors on 25 September 2025. They were signed on its behalf by:

C O Hearsum Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

80,000 Hours Foundation (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Third Floor, 20 Old Bailey, London, EC4M 7AN, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of 80,000 Hours Foundation is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

The company was incorporated on 13 June 2024, and commenced trading on 19 June 2024. This is the company's first set of financial statements.

These financial statements are separate financial statements.

The company was incorporated on 13 June 2024, and commenced trading on 19 June 2024. This is the company's first set of financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover represents grants receivable for the period. Grants are recognised when the entity has an expectation that income is receivable and can be reliably measured. Where grants are received in advance of conditions being met, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Period from 13.06.2024 to 31.12.2024
	Number
Monthly average number of persons employed by the Company during the period, including directors	3

3. Creditors: amounts falling due within one year

	31.12.2024
	£
Accruals	6,854

4. Liability of members

The members of the 80,000 Hours Foundation have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.

5. Related party transactions

The Foundation is related to 80,000 Hours Limited through shared governance and operational collaboration, with certain directors and senior staff serving on the boards of both entities. On 9 July 2024, 80,000 Hours Limited made a donation of £5,000 to the Foundation. The donation has been recognised within turnover in the Statement Of Income and Retained Earnings. No other related party transactions occurred during the period.

6. Ultimate controlling party

Parent Company:

80,000 Hours Limited

Third Floor, 20 Old Bailey, London, EC4M 7AN, United Kingdom