THE YINKA SHONIBARE FOUNDATION
The support of international creative exchanges, the development of new work, the mutual understanding of cultural differences and breaking down traditional barriers of access, lack of infrastructure and education. Actively supporting transdisciplinary artists, researchers and practitioner residencies within the arts, design and agriculture; education and public events in the UK and Nigeria.
Financial health, per its FY2025 accounts
The accounts state that the charity recorded a deficit for the period, with total expenditure of £409,248 exceeding total income of £315,397. Per the trustees' report, unrestricted reserves decreased from £173,481 to £71,630, though the charity maintains positive reserves and considers itself a going concern with adequate resources for at least 12 months.
What the accounts disclose
“The Trustees' policy is to build and maintain unrestricted funds adequate for the organisation to meet its obligation to staff, operational costs and to projects in progress for a minimum of three to six months.” — page 10
Trustees
- Rahman Yinka Shonibarechair
- Adebimpe Nkontchou
- Denise Bradley
- Douglas Fishbone
- Freda Isingoma
- Oba Eric Nsugbe
- Tiwalade Akinlemibola
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £315k | £409k |
| 31/03/2024 | £376k | £360k |
| 31/03/2023 | £166k | £227k |
| 31/03/2022 | £161k | £204k |
| 31/12/2020 | £393k | £131k |
Common questions
Is THE YINKA SHONIBARE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity recorded a deficit for the period, with total expenditure of £409,248 exceeding total income of £315,397. Per the trustees' report, unrestricted reserves decreased from £173,481 to £71,630, though the charity maintains positive reserves and considers itself a going concern with adequate resources for at least 12 months. Its FY2025 accounts were independently examined.