AFRICA 95
To advance the education of the public whether in the United Kingdom or overseas in all matters relating to the African arts in all their forms, including but not limited to theatre, dance, music, cinema, architecture, literature and the visual arts. The charity raises funds and administers the Caine Prize for African writing.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves were negative at the start of the year but recovered to £41,123 by year-end, resulting in total net assets of £72,323. The trustees report that core operating costs were reduced to approximately £15,000 per quarter and aim to rebuild unrestricted reserves to three months of core operating costs. The charity operates with a lean cost structure and two part-time staff.
What the accounts disclose
“Donations and legacies 3 113,556 - 113,556 46,663 89,254 135,917” — page 15
“the Trustees aim to rebuild unrestricted reserves equivalent to a minimum of three months of core operating costs.”
Trustees
- ELLAH WAKATAMA ALLFREY OBEchair
- ALICIA BARBARA ADAMS
- Nii Ayikwei Parkes
- Olubukola Adejoke Akinyemi
- Professor Fareda Banda
- Simiso Velempini
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £114k | £64k |
| 30/09/2024 | £136k | £148k |
| 30/09/2023 | £11k | £187k |
| 30/09/2022 | £151k | £241k |
| 30/09/2021 | £178k | £110k |
Common questions
Is AFRICA 95 financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves were negative at the start of the year but recovered to £41,123 by year-end, resulting in total net assets of £72,323. The trustees report that core operating costs were reduced to approximately £15,000 per quarter and aim to rebuild unrestricted reserves to three months of core operating costs. The charity operates with a lean cost structure and two part-time staff. Its FY2025 accounts were independently examined.