OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Charity No. 01195179
Company No.
Trustees' Report and Unaudited Accounts
31 August 2025
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Summary Income and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Statement of Cash flows | 8 | |
| Notes to the Accounts | 9 to | 23 |
| Detailed Statement of Financial Activities | 24 to | 25 |
Page 1
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No.
Charity No. 01195179
Principal Office
Flat 10 Cornick House Slippers Lane London SE16 2EL
Registered Office
10 Cornick House Slippers Place London SE16 2EL
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
Aderinkola Akinrinola Babatunde Adeyemo Olayinka Akinrinola
Key Management Personnel
Babatunji Adeyemo (Trustee) Aderinkola Akinriona (Chair) Olayinka Akinrinola (Trustee)
Accountants
TAXCA Accountants Ltd 353 High Street North Manor Park London E12 6PQ
Bankers
Lloyds Bank Victoria BX1 1LT UK
OBJECTIVES AND ACTIVITIES
Page 2
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Trustees Annual Report
The prevention or relief of poverty by providing grants, items and services to Individuals in need and/or charities, or other organisations working to prevent or relieve proverty.
1) The main activities undertaken in relation to those purpose to providing support, welfare and comfortable life of widows, widowers and orphans
2) Monitoring and assisting any minority group who under a disadvantage.
3) Supporting interested children and adults to further their education and career skills and to locate them to apprenticeship schemes and employments.
4) Seeking justice for oppressed and innocent individuals as well as victims of any crime and oppression.
5) Rehabilitating prisoners working alongside any and working alongside any government schemes including visiting prisoners or detainees at custody centres.
FINANCIAL REVIEW
Reserves are needed to cover the deficit of the charity and trustees made donations during the year to cover the overheads of the trustees. The trust average monthly spending was £246.26 a month during the period ended 31st August 2024. This was due to inherited bounced back loan interest payments and provided more charity food than what trust had received during the period.
Trustees are considering the host events to generate donations and will approach organisations for grants donations and some of the organisations have agreed to provide grants and donations to cover the trust's overheads and will bring the charity into healthy position in next 6 months, hence trustees believes that trust is going concern.
PLANS FOR FUTURE PERIODS
The trustees are planning the fund raising events to raise donations and grants into local churches to facilities to poor and aliens with local other charities which are working same directions as Olayinka Aderinkola Akinriola Foundation UK is working towards.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trust has adopted the Charity Commissions model constitutions and will follow the adopted method and process to recruit and appointment of new trustees as per the model constitutions.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Aderinkola Akinrinola
Trustee
31 August 2025
Page 3
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Independent Examiners Report
Independent Examiner's Report to the trustees of OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
I report to the charity trustees on my examination of the financial statements of OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK for the year ended 31 August 2025.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
TAXCA Accountants Ltd 353 High Street North Manor Park
London E12 6PQ 31 August 2025
Page 4
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Statement of Financial Activities
for the year ended 31 August 2025
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Other 6 Total Expenditure on: Charitable activities 7 Other 8 Total Net gains on investments Net income/(expenditure) Transfers between funds Net income/(expenditure) before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2025 £ 20,907 - 7,151 |
Total funds 2025 £ 20,907 - 7,151 |
Total funds 2024 £ 2,857 3,456 - |
|---|---|---|---|
| 28,058 18,485 2,595 |
28,058 18,485 2,595 |
6,313 3,456 2,955 |
|
| 21,080 - |
21,080 - |
6,411 - |
|
| 6,978 - |
6,978 - |
(98) - |
|
| 6,978 | 6,978 | (98) | |
| 6,978 (7,771) |
6,978 (7,771) |
(98) (7,673) |
|
| (793) | (793) | (7,771) |
Page 5
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Summary Income and Expenditure Account
for the year ended 31 August 2025
| Income Gross income for the year Expenditure Total expenditure for the year Net income/(expenditure) before tax for the year Net income /(expenditure )for the year |
2025 £ 28,058 28,058 21,080 21,080 6,978 6,978 |
2024 £ 6,313 |
|---|---|---|
| 6,313 | ||
| 6,411 | ||
| 6,411 | ||
| (98) | ||
| (98) |
Page 6
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Balance Sheet
at 31 August 2025
| at 31 August 2025 | |
|---|---|
| Company No. Notes 2025 £ Current assets Cash at bank and in hand 27 27 Creditors:Amount falling due within one year 10 (820) Net current (liabilities)/assets (793) Total assets less current liabilities (793) Creditors:Amounts falling due after more than one year 11 - Net liabilities excluding pension asset or liability (793) Total net liabilities (793) The funds of the charity Restricted funds 12 Unrestricted funds 12 General funds (793) (793) Reserves 12 Total funds (793) |
2024 £ 42,444 |
| 42,444 (12,243) |
|
| 30,201 30,201 (37,972) |
|
| (7,771) | |
| (7,771) | |
| (7,771) | |
| (7,771) | |
| (7,771) |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 August 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 August 2025
And signed on its behalf by:
Aderinkola Akinrinola
Trustee
31 August 2025
Page 7
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Statement of Cash flows
for the year ended 31 August 2025
| Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Increase in trade and other payables Net cash provided by/(used in) operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Cash flows from financing activities Repayment of borrowings Net cash used in financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2025 £ 6,978 (7,151) 221 48 7,151 7,151 (49,616) (49,616) (42,417) 42,444 27 27 27 |
2024 £ (98) - 46 |
|---|---|---|
| (52) - |
||
| - | ||
| - | ||
| - | ||
| (52) | ||
| 42,496 | ||
| 42,444 | ||
| 42,444 | ||
| 42,444 |
Page 8
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Notes to the Accounts
for the year ended 31 August 2025
- 1 Accounting policies
Basis of preparation
The financial statements 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Currency
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Page 10
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Notes to the Accounts
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donation Received 5 Income from charitable activities Food for events |
Unrestricted funds 2024 £ 2,857 - 2,857 - 2,955 2,955 (98) (98) (98) (7,673) (7,771) Unrestricted £ 20,907 20,907 |
Restricted funds 2024 £ - 3,456 |
|---|---|---|
| 3,456 3,456 - |
||
| 3,456 | ||
| - | ||
| - | ||
| - - |
||
| - | ||
| Total 2025 £ 20,907 |
||
| 20,907 | ||
| Total 2025 £ - |
||
| - |
Page 11
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Notes to the Accounts
6 Other income
----- Start of picture text -----
Unrestricted Total
2025
£ £
7,151 7,151
7,151 7,151
----- End of picture text -----
| 7 Expenditure on charitable activities Expenditure on charitable activities Food for events Governance costs 8 Other expenditure Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs 9 Staff costs No employee received emoluments in excess of £60,000. 10 Creditors: amounts falling due within one year Bank loans and overdrafts Accruals 11 Creditors: amounts falling due after more than one year Bank loans and overdrafts |
Unrestricted £ 18,485 18,485 Unrestricted £ 694 377 692 45 67 720 2,595 2025 £ - 820 820 2025 £ - - |
Total 2025 £ 18,485 18,485 Total 2025 £ 694 377 692 45 67 720 2,595 |
|---|---|---|
Page 12
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Notes to the Accounts
12 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 13 Analysis of net assets between funds Net current assets 14 Reconciliation of net debt Cash and cash equivalents Bank loans Net debt |
At 1 September 2024 (7,771) (7,771) |
Incoming resources (including other gains/losses) £ 28,058 28,058 At 1 September 2024 £ |
Resources expended £ (21,080) (21,080) Unrestricted funds £ (793) (793) Cash flows £ |
|---|---|---|---|
| 42,444 | (42,417) | ||
| 42,444 (49,616) (49,616) (7,172) |
(42,417) 49,616 49,616 7,199 |
15 Related party disclosures Controlling party
Page 13
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Notes to the Accounts Page 14
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Currency
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Page 15
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Notes to the Accounts
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donation Received 5 Income from charitable activities Food for events |
Unrestricted funds 2024 £ 2,857 - 2,857 - 2,955 2,955 (98) (98) (98) (7,673) (7,771) Unrestricted £ 20,907 20,907 |
Restricted funds 2024 £ - 3,456 |
|---|---|---|
| 3,456 3,456 - |
||
| 3,456 | ||
| - | ||
| - | ||
| - - |
||
| - | ||
| Total 2025 £ 20,907 |
||
| 20,907 | ||
| Total 2025 £ - |
||
| - |
Page 16
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Notes to the Accounts
6 Other income
----- Start of picture text -----
Unrestricted Total
2025
£ £
7,151 7,151
7,151 7,151
----- End of picture text -----
| 7 Expenditure on charitable activities Expenditure on charitable activities Food for events Governance costs 8 Other expenditure Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs 9 Staff costs No employee received emoluments in excess of £60,000. 10 Creditors: amounts falling due within one year Bank loans and overdrafts Accruals 11 Creditors: amounts falling due after more than one year Bank loans and overdrafts |
Unrestricted £ 18,485 18,485 Unrestricted £ 694 377 692 45 67 720 2,595 2025 £ - 820 820 2025 £ - - |
Total 2025 £ 18,485 18,485 Total 2025 £ 694 377 692 45 67 720 2,595 |
|---|---|---|
Page 17
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Notes to the Accounts
12 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 13 Analysis of net assets between funds Net current assets 14 Reconciliation of net debt Cash and cash equivalents Bank loans Net debt |
At 1 September 2024 (7,771) (7,771) |
Incoming resources (including other gains/losses) £ 28,058 28,058 At 1 September 2024 £ |
Resources expended £ (21,080) (21,080) Unrestricted funds £ (793) (793) Cash flows £ |
|---|---|---|---|
| 42,444 | (42,417) | ||
| 42,444 (49,616) (49,616) (7,172) |
(42,417) 49,616 49,616 7,199 |
15 Related party disclosures Controlling party
Page 18
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Notes to the Accounts Page 19
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Currency
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Page 20
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Notes to the Accounts
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donation Received 5 Income from charitable activities Food for events |
Unrestricted funds 2024 £ 2,857 - 2,857 - 2,955 2,955 (98) (98) (98) (7,673) (7,771) Unrestricted £ 20,907 20,907 |
Restricted funds 2024 £ - 3,456 |
|---|---|---|
| 3,456 3,456 - |
||
| 3,456 | ||
| - | ||
| - | ||
| - - |
||
| - | ||
| Total 2025 £ 20,907 |
||
| 20,907 | ||
| Total 2025 £ - |
||
| - |
Page 21
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Notes to the Accounts
6 Other income
----- Start of picture text -----
Unrestricted Total
2025
£ £
7,151 7,151
7,151 7,151
----- End of picture text -----
| 7 Expenditure on charitable activities Expenditure on charitable activities Food for events Governance costs 8 Other expenditure Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs 9 Staff costs No employee received emoluments in excess of £60,000. 10 Creditors: amounts falling due within one year Bank loans and overdrafts Accruals 11 Creditors: amounts falling due after more than one year Bank loans and overdrafts |
Unrestricted £ 18,485 18,485 Unrestricted £ 694 377 692 45 67 720 2,595 2025 £ - 820 820 2025 £ - - |
Total 2025 £ 18,485 18,485 Total 2025 £ 694 377 692 45 67 720 2,595 |
|---|---|---|
Page 22
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Notes to the Accounts
12 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 13 Analysis of net assets between funds Net current assets 14 Reconciliation of net debt Cash and cash equivalents Bank loans Net debt |
At 1 September 2024 (7,771) (7,771) |
Incoming resources (including other gains/losses) £ 28,058 28,058 At 1 September 2024 £ |
Resources expended £ (21,080) (21,080) Unrestricted funds £ (793) (793) Cash flows £ |
|---|---|---|---|
| 42,444 | (42,417) | ||
| 42,444 (49,616) (49,616) (7,172) |
(42,417) 49,616 49,616 7,199 |
15 Related party disclosures Controlling party
Page 23
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Detailed Statement of Financial Activities
for the year ended 31 August 2025
| Income and endowments from: Donations and legacies Donation Received Charitable activities Food for events Other Total income and endowments Expenditure on: Charitable activities Food for events Total of expenditure on charitable activities Other expenditure Employee costs Staff welfare Motor and travel costs Vehicles - General costs Premises costs Other premises costs General administrative costs, including depreciation and amortisation Equipment expensed Equipment repairs and maintenance Postage and couriers Stationery and printing Telephone, fax and broadband |
Unrestricted funds 2025 £ 20,907 20,907 - - 7,151 7,151 28,058 18,485 18,485 18,485 694 694 377 377 692 692 45 45 23 32 6 (19) 25 67 |
Total funds 2025 £ 20,907 |
Total funds 2024 £ 2,857 |
|---|---|---|---|
| 20,907 | 2,857 | ||
| - | 3,456 | ||
| - | 3,456 | ||
| 7,151 | - | ||
| 7,151 | - | ||
| 28,058 18,485 |
6,313 3,456 |
||
| 18,485 | 3,456 | ||
| 18,485 694 |
3,456 - |
||
| 694 | - | ||
| 377 | 174 | ||
| 377 | 174 | ||
| 692 | 565 | ||
| 692 | 565 | ||
| 45 | 845 | ||
| 45 | 845 | ||
| 23 32 6 (19) 25 |
13 - 3 - 5 |
||
| 67 | 21 |
Page 24
OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK
Detailed Statement of Financial Activities
| OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Legal and professional costs Audit/Independent examination fees Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
720 - 720 2,595 21,080 - 6,978 6,978 - 6,978 (7,771) (793) |
720 - |
1,100 250 |
| 720 | 1,350 | ||
| 2,595 | 2,955 | ||
| 21,080 - |
6,411 - |
||
| 6,978 | (98) | ||
| 6,978 - |
(98) - |
||
| 6,978 | (98) | ||
| (7,771) | (7,673) | ||
| (793) | (7,771) |
Page 25
SIGNATURE CERTIFICATE
Document
Name OLAYINKA ADERINKOLA AKINRINOLA FOUNDATION UK Yea Creator Hariprasanth Kathiravel (hari@taxca.co.uk) Date 08 December 2025 9:36:42 UTC Identifier 8abab72b-db85-4c40-bb94-043efb05dcac
Signers
derin4xt@yahoo.com
E-mail derin4xt@yahoo.com Signed 08 December 2025 10:05:39 UTC IP address 82.132.229.206