AKWAABA
Akwaaba is a Hackney-based social centre for migrants. We offer a space for rest, play, learning and mutual support. Akwaaba seeks to reduce social isolation, to build lasting relationships between new members of the community and old (regardless of age, background or immigration status), and to foster solidarity in an extremely diverse inner London
Financial health, per its FY2025 accounts
The accounts state that total income increased to £84,038 for the year ending March 2025, resulting in a net increase in cash balance. The charity maintains unrestricted reserves of £72,340, which the trustees note provides for approximately six months of essential costs. The primary financial risk identified is the potential loss of recurring income during difficult socio-economic conditions.
What the accounts disclose
“This year we maintained reserves of around £35,000 to continue running sessions. This provides for approximately six months of essential costs required to run sessions.” — page 16
Trustees
- Bukola Akinniyi
- Ibtisam Imam
- Jihad Issa
- Morgan Paige Harries
- OMOLOLA ALIMI
- Otto Wolf
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £84k | £80k |
| 31/03/2024 | £68k | £77k |
| 31/03/2023 | £75k | £64k |
| 31/03/2022 | £83k | £126k |
| 31/03/2021 | £244k | £205k |
Common questions
Is AKWAABA financially healthy?
Per its FY2025 accounts: The accounts state that total income increased to £84,038 for the year ending March 2025, resulting in a net increase in cash balance. The charity maintains unrestricted reserves of £72,340, which the trustees note provides for approximately six months of essential costs. The primary financial risk identified is the potential loss of recurring income during difficult socio-economic conditions. Its FY2025 accounts were independently examined.
Who funds AKWAABA?
Funders whose own accounts filings name AKWAABA as a grant recipient include THE CENTRE FOR INNOVATION IN VOLUNTARY ACTION, MIGRANT AND ASYLUM SEEKER SOLIDARITY AND ACTION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE CENTRE FOR INNOVATION IN VOLUNTARY ACTION | FY2024 | £5k | |
| MIGRANT AND ASYLUM SEEKER SOLIDARITY AND ACTION | FY2024 | £5k | Open Call Funding Grants: Autumn 2023 |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 06/06/2024 | £20k | Akwaaba |
| The National Lottery Community Fund | 15/07/2022 | £10k | Akwaaba Sunday Social Centre |
| The National Lottery Community Fund | 30/03/2021 | £10k | Akwaaba Hardship Programme |
| Barrow Cadbury Trust | 14/10/2020 | £17k | COVID-19 - Akwaaba |
| UK government | 02/09/2020 | £52k | Coronavirus Community Support Fund |
| Thrive LDN | 16/03/2020 | £10k | Akwaaba Volunteer Development Programme |
| The National Lottery Community Fund | 04/03/2020 | £10k | Volunteer Support Programme |
| The National Lottery Community Fund | 14/05/2018 | £9k | Increasing Participation Scheme |