TOBI ADEYEMI FOUNDATION
EDUCATION AND TRAINING FOR DISADVANTAGED YOUNG PEOPLE
Objects
THE CHARITY'S OBJECTS ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:1. FOR THE PUBLIC BENEFIT TO PROMOTE THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF YOUNG PEOPLE IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT, INCLUDING BY:(A) AWARDING TO SUCH PERSONS SCHOLARSHIPS, BURSARIES, MAINTENANCE ALLOWANCES OR ANY OTHER GRANTS TENABLE AT ANY SCHOOL, UNIVERSITY, COLLEGE OR INSTITUTION OF HIGHER OR FURTHER EDUCATION; AND(B) PROVIDING THEIR EDUCATION (INCLUDING THE STUDY OF MUSIC OR OTHER ARTS), TO UNDERTAKE TRAVEL IN FURTHERANCE OF THAT EDUCATION OR TO PREPARE FOR ENTRY TO ANY OCCUPATION, TRADE OR PROFESSION ON LEAVING ANY EDUCATIONAL ESTABLISHMENT.2. THE ADVANCEMENT OF ANY CHARITABLE OBJECT NOT INCONSISTENT WITH THE FOREGOING.
Financial health, per its FY2025 accounts
The accounts state that the charity finished the year with a surplus of £5,974, increasing its total reserves to £81,767. The trustees report that the charity is a going concern with no material uncertainties, noting that it has virtually no running costs as it is run entirely by volunteers. Free reserves stand at £56,778, which exceeds the stated policy target of holding sufficient funds for 12 weeks of expenditure.
What the accounts disclose
“The Foundation’s reserve policy is to hold free reserve at a level that is sufficient to meet at least 12 weeks expenditure.” — page 4
Policies the charity declares
- Complaints handling
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Corporate structure
- Registered company of the charity Companies House 07579772
Company officers (Companies House)
- OTUNLA, Tosin Adetokunbo, Dr on trustee list
- OBAKIN, Oluseyi Oluyemi on trustee list
- OKOCHA, Chike Ifeanyi, Dr on trustee list
- OBAKIN, Modupe Olubukunola on trustee list
- ADEYEMI, Abimbola Beatrice, Dr. on trustee list
- ADEYEMI, Adegbenga Adebowale, Dr. on trustee list
- OBAKIN, Modupe
Trustees
- OLUSEYI OLUYEMI OBAKINchair
- DR ABIMBOLA BEATRICE ADEYEMI
- DR ADEGBENGA ADEBOWALE ADEYEMI
- Dr CHIKE IFEANYI OKOCHA
- Dr TOSIN ADETOKUNBO OTUNLA
- MODUPE OLUBUKUNOLA OBAKIN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £31k | £25k |
| 31/03/2024 | £19k | £20k |
| 31/03/2023 | £33k | £20k |
| 31/03/2022 | £8k | £9k |
| 31/03/2021 | £4k | £5k |
Common questions
Is TOBI ADEYEMI FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity finished the year with a surplus of £5,974, increasing its total reserves to £81,767. The trustees report that the charity is a going concern with no material uncertainties, noting that it has virtually no running costs as it is run entirely by volunteers. Free reserves stand at £56,778, which exceeds the stated policy target of holding sufficient funds for 12 weeks of expenditure. Its FY2025 accounts were independently examined.
Who funds TOBI ADEYEMI FOUNDATION?
Funders whose own accounts filings name TOBI ADEYEMI FOUNDATION as a grant recipient include THE MARANDI FOUNDATION, SUTTON CHRISTIAN CENTRE TRUST.
Shared trustees with funders
- OLUSEYI OLUYEMI OBAKIN — trustee here and at SUTTON CHRISTIAN CENTRE TRUST
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE MARANDI FOUNDATION | FY2023 | £10k | Bursaries and scholarships to disadvantaged children and young people |
| SUTTON CHRISTIAN CENTRE TRUST | FY2024 | £107 | To give relief to the poor & needy and comfort the sick & aged |