AKOJE RESIDENCY
The charity provides opportunities to artists from the Commonwealth to undertake a residency in the UK learning new skills and developing their knowledge.
Objects
4.1 THE CHARITY’S OBJECTS ARE FOR THE PUBLIC BENEFIT:4.1.1 TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE ARTS IN PARTICULAR BUT NOT EXCLUSIVELY THE VISUAL AND CREATIVE ARTS AND TO ADVANCE PUBLIC APPRECIATION IN THESE ARTS BY SUPPORTING THE WORK OF SELECTED ARTISTS WITHIN THE COMMONWEALTH TO PRODUCE WORKS FOR THE PUBLIC TO LEARN FROM, BE ENRICHED BY, APPRECIATE AND ENJOY;4.1.2 THE RELIEF OF POVERTY OF ARTISTS AND THOSE WORKING WITH AND SUPPORTING THE CREATIVE ARTS; 4.1.3 THE ADVANCEMENT OF SUCH OTHER PURPOSES AS ARE CHARITABLE UNDER THE LAWS OF ENGLAND AND WALES.
Financial health, per its FY2025 accounts
The accounts state that the company generated a surplus of £3,683 for the year ended 30 April 2025, with total income of £105,000 and total costs of £101,317. Per the directors' report, the company is entitled to the small companies exemption and has not required an audit. The directors confirm adequate resources for going concern, with net current assets matching the year-end surplus of £3,683.
What the accounts disclose
“As at the balance sheet date, there was an amount of £6,916 owing from the company to the directors.” — page 9
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Khalil Akarchair
- Babatunde Jallah Epega
- Oghenemaro Miles Itoje
- Viresh Minesh Patel ACA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £105k | £92k |
Common questions
Is AKOJE RESIDENCY financially healthy?
Per its FY2025 accounts: The accounts state that the company generated a surplus of £3,683 for the year ended 30 April 2025, with total income of £105,000 and total costs of £101,317. Per the directors' report, the company is entitled to the small companies exemption and has not required an audit. The directors confirm adequate resources for going concern, with net current assets matching the year-end surplus of £3,683.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £289k |
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £289k |
| THE NATIONAL FOUNDATION FOR YOUTH MUSIC | 1 | £110k |
| THE FREELANDS FOUNDATION LIMITED | 1 | £35k |
| THE GOLSONCOTT FOUNDATION | 1 | £29k |
| THE LAWSON TRUST CIO | 1 | £7k |
| SOMERSET COMMUNITY FOUNDATION | 1 | £7k |
| WILFRID AND CONSTANCE CAVE FOUNDATION | 1 | £5k |
Charities like this
- CONTAINS ART CIO
- AUDIOACTIVE
- ARTS AND HOMELESSNESS INTERNATIONAL
- RAOS MUSICAL THEATRE COMPANY
- ARTISTS STUDIO COMPANY
- THE AUDIENCE AGENCY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AKOJE RESIDENCY | £105k | — | 0 | unclear | — | no doubt |
| CONTAINS ART CIO | £330k | Under £60,000 | 0 | above | — | no doubt |
| AUDIOACTIVE | £1.4m | — | 0 | above | — | no doubt |
| ARTS AND HOMELESSNESS INTERNATIONAL | £322k | — | 0 | above | 1.1% | no doubt |
| RAOS MUSICAL THEATRE COMPANY | £117k | — | 0 | above | — | no doubt |
| ARTISTS STUDIO COMPANY | £3.0m | £130,001 - £140,000 | 1 | unclear | — | no doubt |