## **ERASTUS CHILD FOUNDATION**
## **BALANCE SHEET AS AT 31ST MARCH 2025**
|**Notes**
**FIXED ASSETS**
Tangible fixed assets
1C & 3
**CURRENT ASSETS**
Debtors and prepayments
4
Cash at bank and in hand
**CURRENT LIABILITIES**
Creditors: Amount falling due within one year
5
**LONG TERM LIABILITIES**
Creditors: Amount falling more than one year
**Net Current Assets**
**Net Assets**
**RESERVES**
Revaluation reserve
Income and Expenditure account
**MEMBERS'S FUNDS**|**£**
**£**
0
0
4,574
4,574
(250)
-
4,324
4,324
3,586
738
4,324
**2025**|**£**
**£**
0
0
3,836
3,836
(250)
-
3,586
3,586
2,319
1,267
3,586
**2024**|**£**
**£**
0
0
3,836
3,836
(250)
-
3,586
3,586
2,319
1,267
3,586
**2024**|
|---|---|---|---|
||||3,586|
||||2,319
1,267|
||||3,586|
For the year ending 31 March 2025 the company was entitled to exception 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.
a) The Directors acknowledged their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of Accounts.
b) These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with Finanacial Reporting Standard for Smaller Entities (effective 2008).
These Income and Expenditure Accounts were approved by the Board of Directors on : **15/01/2026**
## **SIGNED ON BEHALF OF THE TRUSTEES BY:**
|_MR BABAFEMI TAIWO_|**15/01/2026**|
|---|---|
|**Mr Babafemi Taiwo**|**Date**|
|**Trustee**||
**1**
## **ERASTUS CHILD FOUNDATION**
## **NOTES TO THE INCOME AND EXPENDITURE STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2025**
## **1 ACCOUNTING POLICIES**
## A BASIS OF ACCOUNTING
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
## B COMPANY LIMITED BY GUARANTEE
The company is limited by quarantee and cosequently does not have share capital
## C DEPRECIATION
Depreciation is provided on all tangible assets at rate calculated to write off the cost or valuation less estimated residual value of each asset over its expected life as follows:
||Computer Equipments|33⅓% Straight line|33⅓% Straight line|
|---|---|---|---|
||Motor vehicle|20% Straight line||
||Furniture and Fitting|20% Straight line||
|**2 **|**OPERATING PROFIT**|||
||The operating profit is stated after charging:|||
|||**2025**|**2024**|
|||**£**|**£**|
||Depreciation|0|0|
## **3 TANGIBLE FIXED ASSETS**
|A COST
At 1 April 2024
Additions
Disposal
Revaluation
Transfers
At 31 March 2025
B DEPRECIATION
At 1 April 2024
Charge for the year
On Disposal
At 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024|Computers
& Equip.
**£**
0
0
0
0
0|
|---|---|
||0|
||**£**
0
0|
||0|
||**0**
**0**
**2**|
**4**
**5**
**5**
## **ERASTUS CHILD FOUNDATION**
## **NOTES TO THE INCOME AND EXPENDITURE STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025**
|**Debtors and Prepayment**
Trade Debtors
**Creditors: Amount falling due within one year**
Bank Overdraft
Other Creditors
Accrual
**Creditors: Amount falling over one year**
Other Creditors|**2025**
**£**
0
**0**
**£**
0
0
250
**250**
**£**
0
**0**|**2024**
**£**
0|
|---|---|---|
|||**0**|
|||**£**
0
0
250|
|||**250**|
|||**£**
0|
|||**0**|
**3**
## **ERASTUS CHILD FOUNDATION**
**DETAILED INCOME AND EXPENDITURE ACCOUNTS**
**FOR THE PERIOD ENDED 31 MARCH 2025**
||||**2025**||||**2024**||
|---|---|---|---|---|---|---|---|---|
||**Notes**|**£**||**£**||**£**||**£**|
|**INCOME**||||4,361||||3,323|
|**EXPENDITURE**|||||||||
|Charity - love||2,050|||709||||
|Personnel & Admin cost||963|||597||||
|Professional Fees||360|||350||||
|Accountancy Fees||250|||400||||
|||||**(3,623)**||||**(2,056)**|
|INCOME/EXPENDITURE||||**738**||||**1,267**|
|**INCOME/EXPENDITURE**||||**738**||||**1,267**|
4