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.
Objects
For the public benefit, to promote, educate, maintain and improve the arts and culture, particularly but not exclusively in the UK and Nigeria by: i. Supporting the establishment and programme of "Guest Artists Space Foundation" in Nigeria and the continuing work of "Guest Projects London" by providing facilities and support (to African, African diaspora and international artists, researchers, scholars, and other creative individuals), in the research and development of their skills in the Liberal and Fine Arts, Creative Industries, Environment and Agriculture fields of study and practice.ii. Encouraging cultural exchange and deeper knowledge between Africa and the rest of the world to promote mutual understanding of cultural differences through developing exchange programmes, hosting exhibitions, talks, workshops, events and performances and collaborating with cultural institutions in Nigeria, Africa and the rest of the world.
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
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
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.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DR RADCLIFFE'S TRUST | 2 | £14k |
| THE VEOLIA ENVIRONMENTAL TRUST | 1 | £56k |
| JAPAN HOUSE LONDON TRUST | 1 | £35k |
| RANDEREE CHARITABLE TRUST | 1 | £35k |
| GREENGATE TRUST | 1 | £15k |
| THE RORY AND ELIZABETH BROOKS FOUNDATION | 1 | £9k |
| THE RISMAN FOUNDATION | 1 | £8k |
| THE CHALK CLIFF TRUST | 1 | £5k |
Charities like this
- DELFINA FOUNDATION
- THE INTERNATIONAL FOUNDATION FOR ARTS AND CULTURE
- BAGRI FOUNDATION
- THE SUPPORT FOUNDATION
- FABRICA
- Yorkshire Artspace Society
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE YINKA SHONIBARE FOUNDATION | £315k | — | — | unclear | — | no doubt |
| DELFINA FOUNDATION | £1.4m | £90,001 - £100,000 | 1 | above | — | no doubt |
| THE INTERNATIONAL FOUNDATION FOR ARTS AND CULTURE | £104k | — | 0 | unclear | — | no doubt |
| BAGRI FOUNDATION | £707k | — | 0 | unclear | — | no doubt |
| THE SUPPORT FOUNDATION | £190k | — | 0 | below | — | no doubt |
| FABRICA | £406k | — | 0 | unclear | — | no doubt |