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Company Registration No. 15387041 (England and Wales)
ARIDA
Financial Statements
for the Period from 01 February 2025 to 31 January 2026

ARIDA

Financial Statements for the period ending 31 January 2026

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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ARIDA

Financial Statements for the period ending 31 January 2026

Company Information

Company Details
Company Number 15387041
Registered Office 2 HOLME CHASE
WEYBRIDGE
KT13 0BZ
Directors
Directors who held office during the period were:
AKAGWU, Ileigo Anne, Dr   
Lami AKAGWU   
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ARIDA

Financial Statements for the period ending 31 January 2026

Statement of Financial Position

123456
Notes 2026 2025
£ £
Fixed Assets
Current Assets
Cash at bank and in hand 1,500 500
1,500 500
Creditors
Amount falling due within one year 5 (1,024) -
Net Current Assets 476 500
Total Assets less current liabilities 476 500
Net Assets 476 500
Capital and Reserves
Called up Share Capital - -
Retained earnings at end of year 476 500
Shareholder funds 476 500
For the year ending 31/01/2026 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
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 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.
Approved by the Board on 30 October 2026
Ileigo Akagwu
Company Registration No. 15387041
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ARIDA

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

1. Statutory Information
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.The directors have prepared the financial statements on a going concern basis. Having assessed the principal risks, the directors considered it appropriate to adopt the going concern basis of accounting in preparing the financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Presentation Currency
The accounts are presented in £ sterling.
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ARIDA

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2026 0
2025 0
4. Principal Activity
The charity's objects are: advancement of education, prevention or relief of poverty, advancement and preservation of the arts culture and heritage, and relief of unemployment. ARIDA's principal income is from donations. In 2025, we awarded a grant of 2 million Naira (~£1024 equivalent) to Ubola Rural Community Foundation, URCF Nigeria, to provide educational resources to students in Kogi State, Nigeria. Our activities were supported by J. Abuku and O. Achegbulu. We aim to provide more grants in the year ahead.
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ARIDA

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

5. Creditors: amount falling due within one year
2026 2025
£ £
Other Creditors 1,024 -
1,024 -
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ARIDA

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

6. Additional Notes
ARIDA is a Charitable Company limited by guarantee, without share capital. ARIDA is governed by its Charitable Companies: Model Articles of Association dated 4 January 2024. The Charity is registered at Companies House with company number 15387041. The principal address and registered office of ARIDA is 2 Holme Chase Weybridge KT13 0BZ. ARIDA is a public benefit entity.a. IncomeIncome is recognised when ARIDA has entitlement to the funds, any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. ARIDA's income stream is primarily donations. Donations relates to all income from regular donors and Gift Aid. Donations are recognised on receipt, where there are no performance-related conditions which must be met.All donations to ARIDA are deemed to be unrestricted, unless specified by the donor. Unrestricted funds comprise the accumulated surplus of the charity, as noted in the Statement of Financial Activities. These funds are available for use at the discretion of the trustees of ARIDA. Restricted funds are specifically assigned by the donor to support a particular project. Income from restricted donations will only be spent on the specified causes.b. ExpenditureAll expenditure is accounted for under the accruals basis and recognised when ARIDA has a legal or constructive obligation to make a payment. ARIDA has various expenditures: Raising funds: this relates to the costs incurred in attracting voluntary income such as running fundraising events. Charitable activities: this expenditure relates to costs associated with our Charitable Company Objects in accordance with Charitable Companies: Model Articles of Association.Other expenditure: this comprises other costs including legal expenses.ARIDA provides grants to individuals and organisations. We appraise each submission and ensure the project or funding request is in line with our charitable objectives. We issue grant agreements, with part payments awarded upfront, and subsequent award payments, on receipt of a progress update.In the year to 31 January 2026, ARIDA spent £1024 on grants. ARIDA awarded 2 million Naira to Ubola Rural Community Foundation URCF, Nigeria. Through URCF, ARIDA provided educational resources.c. TaxARIDA is a registered Charitable Company and is exempt from taxation of its income and gains to the extent they fall within the charity exemptions in the Corporation Taxes Act 2010.
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