||||||||| |---|---|---|---|---|---|---|---| |**Trustees' Annual Report**|||||**for theperiod**||| |**From**|Period start date|||**To**|Period end date||| ||01|April|2024||31|March|2025| **Charity name** N.A.I.K Trust **Registered charity number (if any) Charity's principal address** 149 Railway Street Nelson Lancashire **Postcode** BB9 9AJ **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**| |---|---|---|---|---| ||Qasim Saghir|Chairman||| ||Zahida Khan|Vice Chair||| ||Asma Kauser|Secretary||| ||Nahida Khan|Treasury||| ||Yusuf Saghir|Joint Treasury||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ||**Names of the trustees for the charity, if any, (for example, any custodian trustees)**|||| ||**Name**||**Dates acted if not for whole year**|| |||||| |||||| |||||| ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Constitution Type of governing document (eg. trust deed, constitution) Charity How the charity is constituted (eg. trust, association, company) Trustees are selected by a resolution passed at a special meeting of the Trustee selection methods existing trustees. When choosing new trustees, the current trustees must (eg. appointed by, elected by) consider the skills, knowledge, and experience needed to run the charity effectively. Charity trustees hold a vital role in ensuring an organisation fulfils its purpose and serves its beneficiaries effectively. They are responsible for the overall governance and strategic direction of the charity, making sure it operates legally and in line with its founding principles. A key part of this involves safeguarding the charity's assets and resources, managing risks, and maintaining financial stability. Ultimately, trustees must act in the best interests of the charity, a duty that requires careful consideration and a commitment to its mission. ## **Additional governance issues (Optional information)** The charity ensures the effective induction and training of new trustees You **may choose** to include through a formal process that includes providing a welcome pack with all additional information, where essential governance and financial documents. Regular training sessions relevant, about: are also provided on topics such as charity law, fundraising, and • policies and procedures safeguarding to ensure the board remains knowledgeable. adopted for the induction and The charity's organisational structure is designed to support clear governance and management. The board of trustees oversees a small training of trustees; team of paid staff and volunteers, and specific sub-committees may be • the charity’s organisational the charity’s organisational established for areas like finance and projects. The charity also works structure and any wider collaboratively within a wider network, partnering with other local and network with which the charity national community groups to enhance its services. - the charity’s organisational the charity’s organisational structure and any wider network with which the charity works; - To maintain transparency and prevent conflicts of interest, all trustees and - • relationship with any related key staff are required to disclose any related party relationships. A formal register of interests is maintained, and anyone with a declared conflict - parties; must recuse themselves from relevant discussions and decisions. - • trustees’ consideration of Finally, the trustees actively manage major risks through a comprehensive major risks and the system risk register that is reviewed annually. Key risks, including financial and and procedures to manage safeguarding issues, are identified, and specific procedures are in place to them. mitigate them. This ensures the charity can continue its work effectively while safeguarding its assets and reputation. ## **Section C Objectives and activities** The charity aims to: 1. Promote the Islamic faith – mainly for young people (ages 3 to 25) in Lancashire, based on the teachings of the Holy Quran. **Summary of the objects of the charity set out in its governing document** 2. Support education – helping those young people build skills and grow into responsible, independent adults. 3. Offer recreational activities – for people in need (due to age, health, ability, or social/economic reasons) to improve their quality of life. 4. Relieve poverty, illness, and distress – both in the UK and abroad. The charity must only carry out activities that are legally recognised as charitable. The charity undertakes a wide range of activities to fulfil its charitable aims. The trustees believe these activities benefit both those who attend the mosque and the wider community in Pendle and surrounding areas. These activities include the provision of congregational prayers, including Jumu’ah (Friday) prayers, Eid prayers, funeral prayers, as well as Nikah (marriage) and funeral services. The charity also runs regular Islamic educational sessions and organises holiday clubs for young people to engage in positive, active learning and recreational activities. **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** The primary objective of the charity is to promote and spread the knowledge of Islam (Deen) by providing accessible religious and moral education to both the Muslim community and the wider public. In doing so, the charity aims to foster peace, mutual respect, and social cohesion among all communities. ## **Additional details of objectives and activities (Optional information)** Volunteers play a vital role in supporting the charity’s activities and the smooth running of the Madrasah and Masjid. Their contributions include: - Assisting with the day-to-day operations of the Madrash and Masjid. You **may choose** to include further statements, where relevant, about: - Policy on grantmaking. - Policy programme related investment. - Helping with the cleaning and general maintenance of the premises. - Designing and distributing leaflets and posters to promote local events, talks, and community initiatives. - Managing and updating the Masjid’s social media platforms, such as Facebook and Instagram, to help engage the community and share important information. - Contribution made by volunteers. ## Section D Achievements and performance During the year, the trustees of Naik Trust have made significant **Summary of the main** progress in strengthening community engagement and supporting wider **achievements of the charity** social initiatives. We have actively facilitated the use of the Madrasah **during the year** and Mosque building as a community hub, allowing various local organisations and charities — including DWP and One Voice — to deliver services, events, and outreach programs, careers fair that benefit the local community. In addition, we have introduced holiday clubs to provide young people with safe, structured, and engaging activities during school holidays. These clubs have played an important role in supporting families, promoting positive learning, and keeping children actively involved in their community. The trustees remain committed to building strong relationships with local partners and ensuring that our facilities continue to serve both the religious and social needs of the wider community. ## **Section E Financial review** The free reserves are held to secure the long-term financial security of **Brief statement of the** the charity. **charity’s policy on reserves** The trustees consider that this level of reserves is required to enable the charity to fulfil its obligations and commitments. **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** - Naik Trust’s income is primarily generated through a combination of the - You **may choose** to include following sources: - additional information, where relevant about: • Monthly tuition contributions from students attending the • the charity’s principal Madrasah. • - sources of funds (including Annual membership donations, which support the general upkeep any fundraising); and running costs of the organisation. • - • how expenditure has Voluntary contributions from members of the local community. • Support from local businesses, who regularly contribute towards - supported the key objectives of the charity; the Trust’s charitable activities. • - • investment policy and Weekly collections, particularly during Friday congregational prayers, which provide a consistent stream of donations. - objectives including any ethical investment policy adopted. These income streams have allowed the Trust to continue delivering its core services, support community initiatives, and maintain the running of the mosque and educational facilities. ## **Section F Other optional information** The charity has now evolved with a renewed focus on healthy active lifestyle as a core priority. Recognising the importance of nurturing both the minds and well-being of young people, we are committed to expanding our Islamic and community education programmes, while also creating more opportunities for physical activity and personal development. As part of this vision, we aim to invest in resources, facilities, and programmes that will help keep children active, engaged, and connected to positive environment, both inside and outside the classroom. This includes plans for structured holiday clubs, recreational activities, and educational workshops designed to support the physical, mental, and spiritual growth of our youth. ## Section G Declaration **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** ## **Signature(s)** **Full name(s)** Qasim Saghir **Position (eg Secretary, Chair,** Trustee **etc) Date** 25th August 2025 NAIK TRUST FOR ThE YEARENDED 31 MARCH 2025 NAIK TRUST FOR THE YEAR ENDED 31 MARCH 2025 CONTENrs Pa L¢8ai ond administraticffl TN$ierJ Rwt Accountsrtts Report Indepcndeni Examiners Report sth¢eMe￿ of Fi[w￿la1 A¢tiyitie# Bdsnce she NO￿ to the l]n8n¢i￿ #ttemmto NAIK TRU.ST LEGAL AND ADMINISTRATIVE INFORMATION C'.onstltutloh) Naik'l'riLsi li'￿ T¢BiAer¢d as a clwityon 22 Seplemb¢r 2015 C.hthrlty Numb¢r 1473?0 Truiie Mr Q45im Ss8hir Mr moh*n￿ Asib KhRn Mr Obaid Ul Rahman Mallk Miss ZHhida Kh MT5 Asm8 K8iis¢r Mr Yusuf Sa8hir Mrs Nahkda Khan ￿Ch￿FFIrm¥} O¢i¢b#r2Q24J Addre Victoria Work5 149 Railway Slr¢¢i l.ancnshiTe BB9 9AJ Bar¢l*ys Ateosjntttnts AYA AtcounlBnl$ 82 B18ekburn Road A¢¢An8ton L8rtcthir¢ BB5 ILL IhdependeDt F.x•mlneT NAtAllt Todd FCCA Butl¢n¥ttth BATlow Aeeiwniani$ Ltd Buiterwonh B8rl¢)w Hous¢ 10 Derby Stre Pregeoi Mers¢yside L34 3LG NAIK TRuKr FOR THE YEAR EP4DED31 MARCH 2025 NAIK TRU ACCOUNTAKfs REPORT FOR THE YLIR ENDED31 hlARCH 2025 We ar¢ pleas¢d ￿ acl as the app)im*dxc￿￿IaJts t￿N¥￿T￿ We confirm that the att•chd FiTMnciaJ St•t•nats fcrthe ¢Thkd 31 Mateh 2025 I￿ be￿ pr¢pred i aecordHnce with rek¥￿1 stalutes glanW withrmrt frrqTh the invoices r¢L%ipi4 inFom*iion a￿l￿P1*￿tIO￿ F￿VIded AYA Ateountaknts 82 Bla¢kburn RoAd Accrin8ton Lllncashlle JJB5 11,L NAIKTRU BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 25.422 23,259 Currtnt Asmts De￿or$ Cllsh al bank ¥nd in h•nd 25.662 17,769 25.662 17,769 Cr¢dltor4 { 115411 112.4911 Not vJrrwJt •J*•ts N¢1 Asmts 3L543 28,538 Fund# un[￿ricka Fund 38.543 28,538 38.543 28,538 v¢d by thr tr￿ee$ siBrtdon t￿h￿rb).: Mr S•¢hlr thie.. NAIK TRUST INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED31 MARCH 2025 Indtpend¢nt ex•MiDt￿l report to th* Tr•stees •f ChwlAR Uft Direct l re￿>￿ 10 the trLLSt¢¢s IYA my examitt￿o[thB acLxxmtsofthc abDveeh*ity{the Trust'i fiYth¢ Ye¥r¢Tra￿ 31 Mtrch 2025 l out on pa8e$ 5 to l l. A> the charity's Inw}XXL Irc rwnsiljle fy the pe[mr￿Th0f ID with the Charities Act 2011 {Ihc AtiJ I rcwrt in resr£d of my eXamin￿l0￿ olthe Tn￿.$ accouNscarried wt utth 145 of tk 2011 Aet ar￿ in canyinB OUI my examinatith4 I hav¢ followed all the spplicable Dir¢ai(L8 8iv¢n by the Ch8riry Cirnission uthe Wion 14515Xbl of tIK Act. I hasi complaed my examitWioTL I cth that ￿￿￿Tial mallcrs have ￿ to nwaEiethtI￿ in with th¢ gil'es me lo tdieve thaL in any m*eri81 respttL . thc ¥couniin8 rteord5 nc4 kept in with seal(*) IJO ofthc Clwities A¢L w. i]k' a¢counts did ￿ *({￿d the accouniing T￿. or • Ihe ateounts did comply with the app]ieAble requiTrnKntse(￿ the (orni atsl ty)n*nt of fKcounts *t ou¢ in tl Chariiie5 (Accounts and RewKtsI R¢8uJatiotL$ 21KJ8 oth¢rthan 8ny reqU1￿m￿l the give a'true faitr vicw iithieh is a mauer LY)nsidua as ofaD ex*Tritt draiiJJ in this r¢p)rt ID lo cnable a rrtrFr b¢ r¢a¢he NAtslle Todd FCCA ullerworth Barlow House 10 Dcrby Strrt¢ PrL'scoI 1.34 iLG t)aie.' 20 2025 NAIK TRUST STATEMEIYT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Gcneral Restricted Tota] 2025 2Q24 In¢omin% ruoire Voluffti8ry ItLeom¢ C'lwriluble Afflivities AL'lii'ilies for G¢neraiin8 1.'unds 35,659 35.659 23.791 2b 2¢ 'I'othl Ineomln8 r•Mur¢•x avoll*bl¢ for eharltab Mppllcotlon 35.659 Rtsour¢e& txpvnd•d Ch&Al8ble *livilics 25.654 2S.654 29,099 I'oill r¢soureei expended Not IJ¢omln8 b¢fore fran¥t•r* Mov¢m¢Mi IA tot#l fuJ)d$ for tho yo•r 10.oos 10,005 { 5.3081 Toial lurhdg brou8ht forward 28.538 28.538 33,846 Totol fund* eirrl¢d forward 28,538 Tk %18iem¢nt of finan¢ial &¢tivilie8 in¢lude5 all 8ain$ and lowes reCo￿lS¢d in the Y￿r. All in¢ominB resourttj and rewr¢¢s cxpetthd d￿1ve from COnlinuin8 lle¢lvltics. NAIK TRUST NOTES TO THE FINANCIAL STATF.MENT8 FOR THE YEAR ENDED 31 MARCH 2025 Ar¢ountin% pollelej The financial stalemenis hove iY¢n prep&T¢d ID o£cordan¢e with Dppli¢ablc Accouniin8 Standarth in the United Kinsdom and th¢ Sl8tem¢ni orRecomm￿thd PrWiCC'A¢countin8 by ChaTili¢s' ISORP 20051. BAsIs of i¢¢ountln The flnoncial sifyiemenls hw¢ been prcpred on thc hi￿Orital eost ba51$ of a¢eouniing. luwrnlng r¢¥oure runding ffeeiird are Bttribui¢d to the mwwent ofNaik TNIL Rtsourcej ¢XP•¥Lded Expendiiure is disc108ed orb th a¢¢nJal basi& Flxed A￿¢1• Fixed a¥s¢i$ ar¢ xilied ai eosl less acCumul￿ed d¢pM4lion. Th¢ fN*hold land and PrO￿rty is vdlued Ai hi$iorl¢ Coa and 1$ twl depr¢¢iat¢d ¥ tlw 4T¢ considered have a useful lifc of Brcllt¢rthNn 50 y¢•rs 4nd $0 any (*pr¢¢L&lion ¥h8r8¢ 16 ¢on$id¢red immai¢rial, Dtprt¢l*tlon poll¢l¢i Depr￿latIo[L chll￿d on fixtutts and fittings atld comput¢r 4uipnKnl al ihe followin8 rates; Computer Equipment Fixtu￿5 & Fit¢Lll88 20%on Redu¢in8 BaLqnee IO%ot) R¢du¢in8 BaJgn¢e Fund Meeoun¢ln Funds held by the Chariry we Ciiher. Unrulrl¢tod xen•ril fvnd# Theyt ire funds ivhich ¢an b¢ u%d in accordance with ihe charii•bk obj¢eiiv¢$ ai ihe dist￿lon ofih¢ Tru￿ceS. R¢¥tTlt¢¢d fund¥ 'rhcse Br¢ fimds which only bc used for pthicular resirictcd puTp)8es within the objrtts of the Charity. Rcs¢riclions ￿]$¢ when speetfied by the donrff or wlL¢n fimd8 ve r4i8ed for partieul4r resiri¢*d purpos¢* R•lAt¢d party and tru*te¢s' r¢muner•ilon 'rruste¢s receiv￿ no remuner4tion or expetw during th¢ >rv. NAIK TRUST NOTES TO THE FINAP4CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TOMI 20?4 20?5 35.659 JS.659 23.791 35ffj59 23.791 2b T￿1 2025 Tottsl 20?4 Smdtm Ftts TIA•1 YJ25 2024 T(4 2024 2025 4.940 IA65 10.S13 Ig41 md Li Lwi& Prof¢MKthl Cc AcMun¢itiiwJdA¥tii F¢¢$ IOJ13 9.257 450 9,350 320 TrniniD8 356 356 ForAI fi* E* 471 IiJ8 2,001 TOTAL 25.654 25.654 29.1)99 NAIK TRiJST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Total st*(f e•sts C•JDPTi5ed: 2025 2024 Wa8es and ￿lan¢S ial s¢cwity costs 4.940 Noempl¢)y¢es rec¢ived py ina¢usof £￿.(￿￿• CoY¢rnaDee eosts Total 2024 2025 450 Otlw14al & prok>51￿￿ fe 4,982 450 NAIK TRUST NOI'LS'fo THE FINAI¥CIAL STATEMENTS FOR THE YEAR ENDbD 31 MARCH 2025 Flx¢d A%8ety L4Dd& Pr0￿mY TrIxi4rn& Comwer Fllll EqulpmeDi Totsl Cost or V8luatloD At l April 2024 Additions r)iSTX)%als Al 31 Marth 2025 30,571 360 30931 5,OL 300 35.931 Depr¢eÉAtlon At l April 2024 Char8¢ forFcri(xJ 7,430 2,814 242 24 7.672 2.838 Ai 31 MaTeh 2025 266 Net book value Al 31 March 2025 At 31 March 2024 25.327 25,422 23.259 Debtors GeDer#l Restrle(ed Fund$ Funds TDtHI 2025 Total 2024 Bank & Cash Gentral Funds Rttstrlc¢¢d Futtd5 Total 2025 Total 2024 El)nk and C 25,062 25.662 17,769 25.662 Cr¢dkors G•er41 R¢#trl¢t¢d Fuod$ Funds T•tsl 2025 Total 2024 Ac¢Tua15. A¢¢ou￿Y Acc￿￿S- Wages 450 12.041 12,041 12,041 NAIK TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 21125 io ADatysl¥ of Cbarttoble FUD Unrtstrkltd Fllllds: GeDml Fullth ?&538 3S.659 ( •5.654) 38.J4J 35 2$ Rtttrknd F¥Jth: 35.659 75.6J4 Net AM¢ts By Fund Tot*1 2024 Fu•di FUD Twibk 25.422 ?3,759 Bknk &£•h ?5M2 •SM2 17.769 ( IZ541) { Il49l) Assthi 38 Jo NAIK TRUST FOR ThE YEARENDED 31 MARCH 2025 NAIK TRUST FOR THE YEAR ENDED 31 MARCH 2025 CONTENrs Pa L¢8ai ond administraticffl TN$ierJ Rwt Accountsrtts Report Indepcndeni Examiners Report sth¢eMe￿ of Fi[w￿la1 A¢tiyitie# Bdsnce she NO￿ to the l]n8n¢i￿ #ttemmto NAIK TRU.ST LEGAL AND ADMINISTRATIVE INFORMATION C'.onstltutloh) Naik'l'riLsi li'￿ T¢BiAer¢d as a clwityon 22 Seplemb¢r 2015 C.hthrlty Numb¢r 1473?0 Truiie Mr Q45im Ss8hir Mr moh*n￿ Asib KhRn Mr Obaid Ul Rahman Mallk Miss ZHhida Kh MT5 Asm8 K8iis¢r Mr Yusuf Sa8hir Mrs Nahkda Khan ￿Ch￿FFIrm¥} O¢i¢b#r2Q24J Addre Victoria Work5 149 Railway Slr¢¢i l.ancnshiTe BB9 9AJ Bar¢l*ys Ateosjntttnts AYA AtcounlBnl$ 82 B18ekburn Road A¢¢An8ton L8rtcthir¢ BB5 ILL IhdependeDt F.x•mlneT NAtAllt Todd FCCA Butl¢n¥ttth BATlow Aeeiwniani$ Ltd Buiterwonh B8rl¢)w Hous¢ 10 Derby Stre Pregeoi Mers¢yside L34 3LG NAIK TRuKr FOR THE YEAR EP4DED31 MARCH 2025 NAIK TRU ACCOUNTAKfs REPORT FOR THE YLIR ENDED31 hlARCH 2025 We ar¢ pleas¢d ￿ acl as the app)im*dxc￿￿IaJts t￿N¥￿T￿ We confirm that the att•chd FiTMnciaJ St•t•nats fcrthe ¢Thkd 31 Mateh 2025 I￿ be￿ pr¢pred i aecordHnce with rek¥￿1 stalutes glanW withrmrt frrqTh the invoices r¢L%ipi4 inFom*iion a￿l￿P1*￿tIO￿ F￿VIded AYA Ateountaknts 82 Bla¢kburn RoAd Accrin8ton Lllncashlle JJB5 11,L NAIKTRU BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 25.422 23,259 Currtnt Asmts De￿or$ Cllsh al bank ¥nd in h•nd 25.662 17,769 25.662 17,769 Cr¢dltor4 { 115411 112.4911 Not vJrrwJt •J*•ts N¢1 Asmts 3L543 28,538 Fund# un[￿ricka Fund 38.543 28,538 38.543 28,538 v¢d by thr tr￿ee$ siBrtdon t￿h￿rb).: Mr S•¢hlr thie.. NAIK TRUST INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED31 MARCH 2025 Indtpend¢nt ex•MiDt￿l report to th* Tr•stees •f ChwlAR Uft Direct l re￿>￿ 10 the trLLSt¢¢s IYA my examitt￿o[thB acLxxmtsofthc abDveeh*ity{the Trust'i fiYth¢ Ye¥r¢Tra￿ 31 Mtrch 2025 l out on pa8e$ 5 to l l. A> the charity's Inw}XXL Irc rwnsiljle fy the pe[mr￿Th0f ID with the Charities Act 2011 {Ihc AtiJ I rcwrt in resr£d of my eXamin￿l0￿ olthe Tn￿.$ accouNscarried wt utth 145 of tk 2011 Aet ar￿ in canyinB OUI my examinatith4 I hav¢ followed all the spplicable Dir¢ai(L8 8iv¢n by the Ch8riry Cirnission uthe Wion 14515Xbl of tIK Act. I hasi complaed my examitWioTL I cth that ￿￿￿Tial mallcrs have ￿ to nwaEiethtI￿ in with th¢ gil'es me lo tdieve thaL in any m*eri81 respttL . thc ¥couniin8 rteord5 nc4 kept in with seal(*) IJO ofthc Clwities A¢L w. i]k' a¢counts did ￿ *({￿d the accouniing T￿. or • Ihe ateounts did comply with the app]ieAble requiTrnKntse(￿ the (orni atsl ty)n*nt of fKcounts *t ou¢ in tl Chariiie5 (Accounts and RewKtsI R¢8uJatiotL$ 21KJ8 oth¢rthan 8ny reqU1￿m￿l the give a'true faitr vicw iithieh is a mauer LY)nsidua as ofaD ex*Tritt draiiJJ in this r¢p)rt ID lo cnable a rrtrFr b¢ r¢a¢he NAtslle Todd FCCA ullerworth Barlow House 10 Dcrby Strrt¢ PrL'scoI 1.34 iLG t)aie.' 20 2025 NAIK TRUST STATEMEIYT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Gcneral Restricted Tota] 2025 2Q24 In¢omin% ruoire Voluffti8ry ItLeom¢ C'lwriluble Afflivities AL'lii'ilies for G¢neraiin8 1.'unds 35,659 35.659 23.791 2b 2¢ 'I'othl Ineomln8 r•Mur¢•x avoll*bl¢ for eharltab Mppllcotlon 35.659 Rtsour¢e& txpvnd•d Ch&Al8ble *livilics 25.654 2S.654 29,099 I'oill r¢soureei expended Not IJ¢omln8 b¢fore fran¥t•r* Mov¢m¢Mi IA tot#l fuJ)d$ for tho yo•r 10.oos 10,005 { 5.3081 Toial lurhdg brou8ht forward 28.538 28.538 33,846 Totol fund* eirrl¢d forward 28,538 Tk %18iem¢nt of finan¢ial &¢tivilie8 in¢lude5 all 8ain$ and lowes reCo￿lS¢d in the Y￿r. All in¢ominB resourttj and rewr¢¢s cxpetthd d￿1ve from COnlinuin8 lle¢lvltics. NAIK TRUST NOTES TO THE FINANCIAL STATF.MENT8 FOR THE YEAR ENDED 31 MARCH 2025 Ar¢ountin% pollelej The financial stalemenis hove iY¢n prep&T¢d ID o£cordan¢e with Dppli¢ablc Accouniin8 Standarth in the United Kinsdom and th¢ Sl8tem¢ni orRecomm￿thd PrWiCC'A¢countin8 by ChaTili¢s' ISORP 20051. BAsIs of i¢¢ountln The flnoncial sifyiemenls hw¢ been prcpred on thc hi￿Orital eost ba51$ of a¢eouniing. luwrnlng r¢¥oure runding ffeeiird are Bttribui¢d to the mwwent ofNaik TNIL Rtsourcej ¢XP•¥Lded Expendiiure is disc108ed orb th a¢¢nJal basi& Flxed A￿¢1• Fixed a¥s¢i$ ar¢ xilied ai eosl less acCumul￿ed d¢pM4lion. Th¢ fN*hold land and PrO￿rty is vdlued Ai hi$iorl¢ Coa and 1$ twl depr¢¢iat¢d ¥ tlw 4T¢ considered have a useful lifc of Brcllt¢rthNn 50 y¢•rs 4nd $0 any (*pr¢¢L&lion ¥h8r8¢ 16 ¢on$id¢red immai¢rial, Dtprt¢l*tlon poll¢l¢i Depr￿latIo[L chll￿d on fixtutts and fittings atld comput¢r 4uipnKnl al ihe followin8 rates; Computer Equipment Fixtu￿5 & Fit¢Lll88 20%on Redu¢in8 BaLqnee IO%ot) R¢du¢in8 BaJgn¢e Fund Meeoun¢ln Funds held by the Chariry we Ciiher. Unrulrl¢tod xen•ril fvnd# Theyt ire funds ivhich ¢an b¢ u%d in accordance with ihe charii•bk obj¢eiiv¢$ ai ihe dist￿lon ofih¢ Tru￿ceS. R¢¥tTlt¢¢d fund¥ 'rhcse Br¢ fimds which only bc used for pthicular resirictcd puTp)8es within the objrtts of the Charity. Rcs¢riclions ￿]$¢ when speetfied by the donrff or wlL¢n fimd8 ve r4i8ed for partieul4r resiri¢*d purpos¢* R•lAt¢d party and tru*te¢s' r¢muner•ilon 'rruste¢s receiv￿ no remuner4tion or expetw during th¢ >rv. NAIK TRUST NOTES TO THE FINAP4CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TOMI 20?4 20?5 35.659 JS.659 23.791 35ffj59 23.791 2b T￿1 2025 Tottsl 20?4 Smdtm Ftts TIA•1 YJ25 2024 T(4 2024 2025 4.940 IA65 10.S13 Ig41 md Li Lwi& Prof¢MKthl Cc AcMun¢itiiwJdA¥tii F¢¢$ IOJ13 9.257 450 9,350 320 TrniniD8 356 356 ForAI fi* E* 471 IiJ8 2,001 TOTAL 25.654 25.654 29.1)99 NAIK TRiJST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Total st*(f e•sts C•JDPTi5ed: 2025 2024 Wa8es and ￿lan¢S ial s¢cwity costs 4.940 Noempl¢)y¢es rec¢ived py ina¢usof £￿.(￿￿• CoY¢rnaDee eosts Total 2024 2025 450 Otlw14al & prok>51￿￿ fe 4,982 450 NAIK TRUST NOI'LS'fo THE FINAI¥CIAL STATEMENTS FOR THE YEAR ENDbD 31 MARCH 2025 Flx¢d A%8ety L4Dd& Pr0￿mY TrIxi4rn& Comwer Fllll EqulpmeDi Totsl Cost or V8luatloD At l April 2024 Additions r)iSTX)%als Al 31 Marth 2025 30,571 360 30931 5,OL 300 35.931 Depr¢eÉAtlon At l April 2024 Char8¢ forFcri(xJ 7,430 2,814 242 24 7.672 2.838 Ai 31 MaTeh 2025 266 Net book value Al 31 March 2025 At 31 March 2024 25.327 25,422 23.259 Debtors GeDer#l Restrle(ed Fund$ Funds TDtHI 2025 Total 2024 Bank & Cash Gentral Funds Rttstrlc¢¢d Futtd5 Total 2025 Total 2024 El)nk and C 25,062 25.662 17,769 25.662 Cr¢dkors G•er41 R¢#trl¢t¢d Fuod$ Funds T•tsl 2025 Total 2024 Ac¢Tua15. A¢¢ou￿Y Acc￿￿S- Wages 450 12.041 12,041 12,041 NAIK TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 21125 io ADatysl¥ of Cbarttoble FUD Unrtstrkltd Fllllds: GeDml Fullth ?&538 3S.659 ( •5.654) 38.J4J 35 2$ Rtttrknd F¥Jth: 35.659 75.6J4 Net AM¢ts By Fund Tot*1 2024 Fu•di FUD Twibk 25.422 ?3,759 Bknk &£•h ?5M2 •SM2 17.769 ( IZ541) { Il49l) Assthi 38 Jo