VIVIAN OSUNKOYA SHODIPO (VOS) FOUNDATION APRIL 2024 – MARCH 2025 ANNUAL REPORT AND ACCOUNTS
During this financial period, we continued our fundraising activities, although at a reduced level. Supporters of the organisation’s work remained committed, and their generosity enabled us to raise a total of £361.00 during the year.
According to our Statement of Activity for the period April 1, 2024 to March 31, 2025, total donations amounted to £351.00. Our total expenditure was £620.99, primarily allocated to donation-related expenses. This resulted in a net operating income of - £269.99, reflecting our continued investment in community support despite limited income.
In the same period, we purchased computer equipment for Ajayi Crowther, including LCD monitors, keyboards, and mice. These items were acquired to complement the equipment previously donated by one of our partner organisations.
As of the end of the financial year, our financial position remains stable. Tangible assets, including fixtures and fittings, total £128.95. Cash at bank and in hand stands at £14,116.69, resulting in net current assets of the same amount. After accounting for fixed assets, our total net assets amount to £14,245.64, all held within the General Fund.
We extend our sincere gratitude to all our supporters who continued to give so generously. Your contributions have strengthened our ability to serve our community during these times, and we remain dedicated to fulfilling our mission.
statement of Activity Vivian Osunkoya Shodipo IVOSI Foundation April, 2024-March, 2025 Account Apr 1 2024 - Mar 31 2025 Income Donations Total for Income Gross Proffl Expenses Donations Expanditura Other Professional seices Tolal for Expenses Net Operating Income Net Other Income Net Income 351 00 £351.00 £351.00 620.99 0.00 £620.99 -£269.99 0.00 -£269.99
Statement of Financial Position Viwan Osunkoya Shodipo IVOSI Foundation As of March 31, 2025 Account Total Fixed Asset Tangible assets Fixtures and Fittings Cost Tolal lor Tangible a55et5 Total for Fixed Asset C8sh at bank and in hand Metro Bank Current Account Total for Cash at bank and in hand NET CURRENT ASSETS Creditors.. amounls falling due wthin one year Trade Creditors Creditors Total for Trade Creditors cuent Llabililles Accruals Due lo Sandra popoola Tolal lor Current Liabllitie5 Total for Creditors.. amounts falling due wlthln one year NET CURRENT ASSETS {LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES TOTAL NET ASSETS ILIABILITIESI Capllal and Reserves General Fund Nel Income Tolal lor Capilal and Reserves 2025 128.95 £128.95 £128.95 14.116.69 £14,116.69 £14,116.69 £14,116.69 £14,245.64 £14.245.64 14,245.64 £14,245.64