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Company Registration No. 11753900 (England and Wales)
Initiatives For Regional and International Development Unaudited accounts for the year ended 31 January 2025
Initiatives For Regional and International Development Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Initiatives For Regional and International Development Company Information for the year ended 31 January 2025
Directors
Dr Opeolu Oyejide Ojo Ayodele Igandan Pastor Joseph Olajide Omotayo
Secretary
FALOBI, Ayodele
Company Number
11753900 (England and Wales)
Registered Office
RCCG THE SOUGHTOUT ASSEMBLY(FORMERLY MOU STUBBY LANE WOLVERHAMPTON WV11 3NF ENGLAND
Accountants
Ease Accounting Associates UK Limited Chartered Accountants Base Point Dartford Business Park 54 Victoria Road DARTFORD Kent DA1 5FS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Initiatives For Regional and International Development for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Initiatives For Regional and International Development for the year ended 31 January 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Initiatives For Regional and International Development, as a body, in accordance with the terms of our engagement letter dated 1 April 2020. Our work has been undertaken solely to prepare for your approval the accounts of Initiatives For Regional and International Development and state those matters that we have agreed to state to the Board of Directors of Initiatives For Regional and International Development, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Initiatives For Regional and International Development and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Initiatives For Regional and International Development has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Initiatives For Regional and International Development. You consider that Initiatives For Regional and International Development is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Initiatives For Regional and International Development. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ease Accounting Associates UK Limited Chartered Accountants Chartered Accountants Base Point Dartford Business Park 54 Victoria Road DARTFORD Kent DA1 5FS 3 November 2025
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Initiatives For Regional and International Development Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,425 
2,957 
Current assets
Debtors
5
40,464 
39,076 
Cash at bank and in hand
4,311 
11,543 
44,775 
50,619 
Creditors: amounts falling due within one year
6
(6,435)
(6,277)
Net current assets
38,340 
44,342 
Total assets less current liabilities
40,765 
47,299 
Creditors: amounts falling due after more than one year
7
(20,221)
(24,201)
Net assets
20,544 
23,098 
Reserves
8
Profit and loss account
20,544 
23,098 
Members' funds
20,544 
23,098 
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by
Ayodele Igandan Director Company Registration No. 11753900
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Initiatives For Regional and International Development Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Initiatives For Regional and International Development is a private company, limited by guarantee, registered in England and Wales, registration number 11753900. The registered office is RCCG THE SOUGHTOUT ASSEMBLY(FORMERLY MOU, STUBBY LANE, WOLVERHAMPTON, WV11 3NF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18
Fixtures & fittings
18
Computer equipment
18
Registered Charity
The charity was established by a charitable Memorandum and articles incorporated on 07 Jan 2019 as amended by special resolution(s) dated 23rd November 2019 and it is a registered charity.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2024
3,000 
598 
1,742 
5,340 
At 31 January 2025
3,000 
598 
1,742 
5,340 
Depreciation
At 1 February 2024
1,346 
341 
696 
2,383 
Charge for the year
298 
46 
188 
532 
At 31 January 2025
1,644 
387 
884 
2,915 
Net book value
At 31 January 2025
1,356 
211 
858 
2,425 
At 31 January 2024
1,654 
257 
1,046 
2,957 
- 6 -
Initiatives For Regional and International Development Notes to the Accounts for the year ended 31 January 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
2,346 
958 
Amounts falling due after more than one year
Accrued income and prepayments
30,000 
30,000 
Other debtors
8,118 
8,118 
38,118 
38,118 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
5,835 
5,952 
Other creditors
305 
325 
Accruals
295 
- 
6,435 
6,277 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
20,221 
23,846 
Accruals
- 
355 
20,221 
24,201 
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. The below named member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10. Dr Opeolu Oyejide Ojo
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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