Charity Registration Number : 1179782
INITIATIVE FOR THE ADVANCEMENT OF ETHICAL STANDARD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 08 MARCH 2025
INITIATIVE FOR THE ADVANCEMENT OF ETHICAL STANDARD
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 08 MARCH 2025
Abimbola Sadiq Basira Suberu Adeola Suberu Adeyemi Adeboye Omotayo Agbaje
Trustees Abimbola Sadiq Basira Suberu Adeola Suberu Adeyemi Adeboye Omotayo Agbaje Charity Number 1179782 Registered Office 31 RIVER ROAD Barking IG11 0DA
INITIATIVE FOR THE ADVANCEMENT OF ETHICAL STANDARD
CONTENTS
FOR THE YEAR ENDED 08 MARCH 2025
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
INITIATIVE FOR THE ADVANCEMENT OF ETHICAL STANDARD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 08 MARCH 2025
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Total Expenditure on: Charitable activities 3 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 3,845.36 3,845.36 3,789.00 3,789.00 56.36 56.36 (325.00) (268.64) |
Total Funds 2025 £ 3,845.36 3,845.36 3,789.00 3,789.00 56.36 56.36 (325.00) (268.64) |
Total Funds 2024 £ 2,833.00 |
|---|---|---|---|
| 2,833.00 | |||
| 3,109.00 | |||
| 3,109.00 | |||
| (276.00) | |||
| (276.00) (49.00) |
|||
| (325.00) |
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INITIATIVE FOR THE ADVANCEMENT OF ETHICAL STANDARD
BALANCE SHEET
FOR THE YEAR ENDED 08 MARCH 2025
| ALANCE SHEET OR THE YEAR ENDED 08 MARCH |
2025 | ||
|---|---|---|---|
| Recommended categories by activity Notes Current assets Cash at bank and in hand 5 Total current assets Creditors: amounts falling due within one year 6 Net current assets/(liabilities) Total net liabilities Funds of the Charity Unrestricted funds 7 Restricted income funds 7 Endowment funds 7 Total funds |
Unrestricted funds £ 31.36 31.36 300.00 (268.64) (268.64) (268.64) (268.64) |
Total Funds 2025 £ 31.36 31.36 300.00 (268.64) (268.64) (268.64) - - (268.64) |
Total Funds 2024 £ 25.00 25.00 350.00 (325.00) |
| (325.00) | |||
| (325.00) - - |
|||
| (325.00) |
The financial statements were approved by the trustees on 18 December 2025 and signed on its behalf by:
Omotayo Agbaje Trustee Date : 18 December 2025
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INITIATIVE FOR THE ADVANCEMENT OF ETHICAL STANDARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 08 MARCH 2025
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
2. Income from Donations and Legacies
| 2. Income from Donations and Legacies | |||
|---|---|---|---|
| Analysis Unrestricted funds £ Donation and gifts 3,845.36 Total 3,845.36 3. Expenditure on Charitable Activities Analysis Unrestricted funds £ Bank charges 69.00 Charity management & administration 750.00 Charity running cost 2,670.00 Donations - Printing and stationery - Total 3,489.00 Support Costs 300.00 3,789.00 4. Support Costs Analysis Support Costs Governance Costs Accountants fees |
Total funds 2025 £ 3,845.36 3,845.36 Total funds 2025 £ 69.00 750.00 2,670.00 - - 3,489.00 300.00 3,789.00 Total funds 2025 £ 300.00 |
Total funds 2024 £ 2,833.00 |
|
| 2,833.00 | |||
| Total funds 2024 £ 69.00 - - 2,690.00 100.00 2,859.00 250.00 |
|||
| 3,109.00 | |||
| Total funds 2024 £ 250.00 |
|||
| 300.00 250.00 |
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5. Cash at bank and in hand
| Total funds 2025 Total funds 2024 £ £ Cash at bank and in hand 31.36 25.00 Total 31.36 25.00 6. Creditors: Amounts falling due within one year Total funds 2025 Total funds 2024 £ £ Other creditors 300.00 350.00 Total 300.00 350.00 7. Charity funds 7.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds (325.00) 3,845.36 3,789.00 - - (268.64) 7.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds (49.00) 2,833.00 3,109.00 - - (325.00) |
Total funds 2025 Total funds 2024 £ £ Cash at bank and in hand 31.36 25.00 Total 31.36 25.00 6. Creditors: Amounts falling due within one year Total funds 2025 Total funds 2024 £ £ Other creditors 300.00 350.00 Total 300.00 350.00 7. Charity funds 7.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds (325.00) 3,845.36 3,789.00 - - (268.64) 7.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds (49.00) 2,833.00 3,109.00 - - (325.00) |
Total funds 2025 Total funds 2024 £ £ Cash at bank and in hand 31.36 25.00 Total 31.36 25.00 6. Creditors: Amounts falling due within one year Total funds 2025 Total funds 2024 £ £ Other creditors 300.00 350.00 Total 300.00 350.00 7. Charity funds 7.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds (325.00) 3,845.36 3,789.00 - - (268.64) 7.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds (49.00) 2,833.00 3,109.00 - - (325.00) |
Total funds 2024 £ 25.00 |
Total funds 2024 £ 25.00 |
|---|---|---|---|---|
| 25.00 | ||||
| Total funds 2024 £ 350.00 |
||||
| 350.00 | ||||
| (49.00) 2,833.00 3,109.00 - |
- | (325.00) |
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