INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

	Page
Trustees' Report	1—4
Independent Examiner's Report	5
Statement of Financial Activities (including Income and Expenditure Account)	6
Balance Sheet	7—8
Cash Flow Statement	9
Notes to the Cash Flow Statement	10
Notes to the Financial Statements	11—17

The trustees present their report and the financial statements for the year ended 31 January 2026.

Objectives and Activities

Aims and Objectives

Trustees’ Report

The trustees present their report and accounts for the year ended 31 January 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011 and prepares their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.

Governance and management

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.

The trustees who served during the year were:

Dr Opeolu Oyejide Ojo Phd,

Pastor Joseph Olajide Omotayo

and

Ayodele Igandan.

Trustees are familiar with the workings of the of charity having exhibited passion for the delivery of the charity’s aims and objective. New trustees are invited and encouraged to attend training courses led by the chair and also read guidelines and publications issued by the Charity Commission eg. 'the Essential Trustee,' copies of which are given to new trustees.

The trustees meet regularly to manage her affairs.

All trustees current are on part time by using their spare time and resources for the promotion of the charity’s objective. This approach is expected to continue until such a time that fulltime activities could be commenced

Risks Imperfect Assessment and management

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The charity's objectives are –

1. 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 poverty.

2. To advance in life and help young people living in west midlands and globally by providing advice and helping in developing skills and capabilities which enable them to participate in the society as independent, mature and responsible individuals.

...CONTINUED

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Trustees' Report (continued)

For The Year Ended 31 January 2026

Aims and Objectives - continued

3. To advance education of the public, and in particular (but not exclusively) young people, in the subjects of science, technology, engineering and mathematics (stem).

4. To preserve and protect the health of the public through the promotion of healthy eating, physical activities and other practices which are beneficial to health.

Significant Activities

The charity carries out the below listed activities in order to achieve its aims and objectives

• General charitable purposes

• Education/training

• The prevention or relief of poverty

Who the charity helps

• Children/young people

• Elderly/old people

• People with disabilities

• People of a particular ethnic or racial origin

• Other charities or voluntary bodies

• The general public/mankind

How the charity works

• Makes grants to individuals

• Makes grants to organisations

• Provides services

• Sponsors or undertakes research

Reference and Administrative Details

Trustees

Dr Opeolu Oyejide Ojo - Chair

Pastor Joseph Olajide Omotayo - Member

Mr Ayodele Igandan - Member

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Trustees' Report (continued)

For The Year Ended 31 January 2026

Charity Number

1186788

Company Number

11753900

Independent Examiner

Babatunde Akinhanmi ACA

Ease Accounting Associates UK Limited

Chartered Accountants

61 Ease A A Dartford Business Park
Victoria Road
Dartford
Kent
DA1 5FS

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Trustees' Report (continued)

For The Year Ended 31 January 2026

Statement of Trustees' Responsibilities

The trustees (who are also the directors of INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Dr Opeolu Oyejide Ojo

Trustee

25 September 2026

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Independent Examiner's Report to the Trustees of INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

For The Year Ended 31 January 2026

Independent Examiner's Report to the Trustees of INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2026.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company 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 accounts 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts 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 accounts to be reached.

Babatunde Akinhanmi ACA

25 September 2026

61 Ease A A Dartford Business Park
Victoria Road
Dartford
Kent
DA1 5FS

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 January 2026

Statement of Financial Activities (including Income and Expenditure Account)

				2026	2025
		Unrestricted funds	Restricted funds	Total funds	Unrestricted funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	4	1,254	74,583	75,837	1,600
Charitable activities:
Charity Project		3,200	-	3,200	2,326
Investments	5	19	-	19	94

		4,473	74,583	79,056	4,020

EXPENDITURE ON:
Raising funds	8	(14,192 )	(36,926 )	(51,118 )	(6,573 )
Charitable activities:	8

NET INCOME/(EXPENDITURE)		(9,719 )	37,657	27,938	(2,553 )


NET MOVEMENT IN FUNDS		(9,719 )	37,657	27,938	(2,553 )
RECONCILIATION OF FUNDS:
Total funds brought forward		20,544	-	20,544	23,097

TOTAL FUNDS CARRIED FORWARD	17	10,825	37,657	48,482	20,544

The notes on pages 10 to 17 form part of these financial statements.

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Balance Sheet

As At 31 January 2026

Balance Sheet

				2026	2025
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12	1,988	-	1,988	2,424

		1,988	-	1,988	2,424
CURRENT ASSETS
Debtors	13	30,000	-	30,000	40,464
Cash at bank and in hand		1,630	37,657	39,287	4,311

		31,630	37,657	69,287	44,775
Creditors: Amounts Falling Due Within One Year	14	(6,811 )	-	(6,811 )	(6,434 )

NET CURRENT ASSETS (LIABILITIES)		24,819	37,657	62,476	38,341

TOTAL ASSETS LESS CURRENT LIABILITIES		26,807	37,657	64,464	40,765

Creditors: Amounts Falling Due After More Than One Year	15	(15,982 )	-	(15,982 )	(20,221 )

NET ASSETS		10,825	37,657	48,482	20,544

FUNDS OF THE CHARITY
Restricted Funds				37,657	-
Unrestricted Funds				10,825	20,544

TOTAL FUNDS	17			48,482	20,544

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the charitable 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 trustees 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 in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Dr Opeolu Oyejide Ojo

Trustee

25 September 2026

The notes on pages 10 to 17 form part of these financial statements.

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Cash Flow Statement

For The Year Ended 31 January 2026

Cash Flow Statement

		2026	2025
	Notes	£	£
Cash flows from operating activities
Net cash generated from/(used in) operations	1	40,226	(2,841 )
Interest paid		(1,030 )	(743 )

Net cash generated from/(used in) operating activities		39,196	(3,584 )

Cash flows from investing activities
Interest received		19	94

Cash flows from financing activities
Repayment of bank borrowings		(4,239 )	(3,742 )



Increase/(decrease) in cash and cash equivalents		34,976	(7,232 )
Cash and cash equivalents at beginning of year	2	4,311	11,543

Cash and cash equivalents at end of year	2	39,287	4,311

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Notes to the Cash Flow Statement

For The Year Ended 31 January 2026

Notes to the Cash Flow Statement

1. Reconciliation of income/(expenditure) to cash generated from/(used in) operations

	2026	2025
	£	£
Net income/(expenditure)	27,938	(2,553 )
Adjustments for:
Interest expense	1,030	743
Interest income	(19 )	(94 )
Depreciation of tangible assets	436	533
Movements in working capital:
Decrease/(increase) in trade and other debtors	10,464	(1,388 )
Increase/(decrease) in trade and other creditors	377	(82 )

Net cash generated from/(used in) operations	40,226	(2,841 )

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2026	2025
	£	£
Cash at bank and in hand	39,287	4,311

3. Analysis of changes in net (debt)/funds

	As at 1 February 2025	Cash flows	As at 31 January 2026
	£	£	£
Cash at bank and in hand	4,311	34,976	39,287
Debts falling due within one year	(5,835 )	-	(5,835 )
Debts falling due after more than one year	(20,221)	4,239	(15,982)

	(21,745)	39,215	17,470

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT is a company limited by guarantee, incorporated in England & Wales, registered number 11753900 and registered charity number 1186788 . The registered office is .

2. Statement of Compliance

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

The charitable company is a Public Benefit Entity as defined by FRS 102.

3.2. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

3.3. Incoming Resources

Voluntary Income – Donations

The charity receives voluntary income in the form of donations from both individuals and organisations.

These donations are recognised in the Statement of Financial Activities when the charity is entitled to the income, it is probable that the income will be received, and the amount can be measured reliably.

The trustees express their appreciation to all donors for their support. These contributions assist the charity in furthering its objectives

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

3.4. Resources Expended

Resources Expended

Resources expended are recognised on an accruals basis in the period in which they are incurred. Expenditure is classified under the following headings in the Statement of Financial Activities:

Charitable Activities:

Costs directly related to the delivery of the charity’s aims and objectives, including staff costs, project costs, supplies, and direct support costs.

Fundraising and Publicity Costs:

Costs incurred in generating voluntary income, including fundraising materials, event costs, and associated staff time (if applicable).

Governance Costs:

Costs associated with the general running and administration of the charity, including legal and professional fees, accountancy fees, and trustees’ oversight.

Where expenditure relates to more than one cost category, it is apportioned on a reasonable and consistent basis, such as staff time or usage.

3.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	18% Reducing balance basis
Fixtures & Fittings	18% Reducing balance basis
Computer Equipment	18% Reducing balance basis

3.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

4. Income from Donations and Legacies

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

			2026
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	1,254	-	1,254
Grants	-	74,583	74,583

	1,254	74,583	75,837

			2025
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	1,600	-	1,600
Grants	-	-	-

	1,600	-	1,600

5. Investment Income

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	19	94

6. Government Grants

Government grants recognised in the accounts were as follows:

	2026	2025
	£	£
Department of Health and Social Care through Global Health Partnerships	74,582	-

7. Net Income/(Expenditure)

The net income/(expenditure) is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible fixed assets - owned	436	533

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Analysis of Expenditure

			2026
	Activities undertaken directly	Support costs (see note 9 )	Total
	£	£	£
Raising funds	31,926	19,192	51,118

			2025
	Activities undertaken directly	Support costs (see note 9 )	Total
	£	£	£
Raising funds	2,303	4,270	6,573

9. Support Costs

	2026
	Raising funds
	£
Employee costs	9,801
Premises expenses	62
General administration	7,863
Depreciation	436
Interest payable	1,030

	19,192

	2025
	Raising funds
	£
Employee costs	1,523
General administration	1,471
Depreciation	533
Interest payable	743

	4,270

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

10. Independent Examiner's Remuneration

	2026	2025
	£	£
Independent examination of the financial statements	185	150

11. Average Number of Employees

Average number of employees during the year was: NIL (2025: NIL)

12. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	3,000	598	1,742	5,340

As at 31 January 2026	3,000	598	1,742	5,340

Depreciation
As at 1 February 2025	1,644	387	885	2,916
Provided during the period	244	38	154	436

As at 31 January 2026	1,888	425	1,039	3,352

Net Book Value
As at 31 January 2026	1,112	173	703	1,988

As at 1 February 2025	1,356	211	857	2,424

13. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	-	2,346
Due after more than one year
Other debtors ~ Loan to The church For Property	30,000	30,000
Other debtors (1)	-	8,118

	30,000	38,118

	30,000	40,464

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

14. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	(1 )
Bank loans and overdrafts	5,835	5,835
Other creditors	331	305
Accruals	645	295

	6,811	6,434

15. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	15,982	20,221

16. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	5,835	5,835

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	15,982	20,221

17. Movement in Funds

	As at 1 February 2025	Income	Expenditure	As at 31 January 2026
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	20,544	4,473	(14,192 )	10,825
Restricted funds
Restricted	-	74,583	(36,926 )	37,657


Total funds	20,544	79,056	(51,118 )	48,482

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INITIATIVES FOR REGIONAL AND INTERNATIONAL DEVELOPMENT

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

	As at 1 February 2024	Income	Expenditure	As at 31 January 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	23,097	4,020	(6,573 )	20,544


Total funds	23,097	4,020	(6,573 )	20,544

18. Transactions with Trustees

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

	2026	2025
	£	£

19. Related Party Disclosures

20. 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

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