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)**| Page 1 of 4 ## **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** Page 2 of 4 ## **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**|| Page 3 of 4 ## **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)**| Page 4 of 4