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2025-09-01-accounts

Charity Registration Number : 1183031

NAZ LEGACY FOUNDATION

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 SEPTEMBER 2025

Centora James Limited Jury Farm, Ripley Lane West Horsley Surrey KT24 6JT

NAZ LEGACY FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 SEPTEMBER 2025

Trustees’ Report 1 to 4
Independent Examiner’s Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 12
Detailed Statement of Financial Activities 13 to 14

NAZ LEGACY FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 1 SEPTEMBER 2025

The trustees present their annual report and financial statements for the year ended 1 September 2025.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is constituted as a Charitable Incorporated Organisation (CIO).

The trustees were appointed in April 2019, when Naz Legacy first registered with the Charity Commission for three years and were selected due to their personal relationship with Naz Bokhari OBE and commitment to the Naz Legacy Foundation since 2012.

Three new trustees were appointed by the Board in December 2021. Selection was based on their skill set and their previous work with the Foundation.

OBJECTIVES AND ACTIVITIES

The Naz Legacy Foundation is a UK-based charity which seeks to promote excellence in education and positive integration into British society. The Foundation was established to continue the legacy of the late Naz Bokhari OBE. This Foundation has been set up by his family who wish to honour his life and good work. It hopes that like him, by promoting excellence in education and positively integrating in British society, we can all make an impact.

The Foundation has the mission of raising aspirations and promoting positive integration, which is enacted through programmes for public benefit.

Diversity Programme

The Diversity Programme provides a series of educational and cultural enrichment opportunities for young people from disadvantaged and minority backgrounds, including opportunities to learn about the rich heritage of diverse role models in Britain. The Programme aims to make young people aware of the positive contributions they can make to society.

Naz Bokhari Fellowship

A mentoring programme delivered to one young person at Ernest Bevin Secondary school in Tooting, where Naz had his headship.

Muslim Teachers Association (MTA)The Foundation is incubating the MTA within the charity. The MTA was founded by Naz Bokhari over 40 years ago and the charity will support its relaunch.

Grant-Making Approach

A key tool by which the trustees will further the Foundation's Purpose is through the provision of small monetary grants to winners of the Naz Bokhari Fellowship.

Eligibility

All students at participating schools or colleges are eligible for consideration for a grant as part of the Award determination process. The Award will be used to support a student from the participating school or college who has:

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Selection process

The Award will recognise those students who have exemplified the values of Naz Bokhari and the Foundation.

Selection based on the above criteria is delegated to staff at participating schools/colleges on the basis that they know their students best. The Foundation ensures that the school staff involved in the selection process fully understand the criteria to be applied in the selection process and will ensure that such have been applied before confirming any Award, including the allocation of the funds.

Monitoring and Publication

It is the policy of the Trustees to monitor all grants made.

Recipients must be informed that the grant must be used for legitimate expenditure related to their academic and/or career aspirations. The Foundation will work with Award winners, as part of the wider support package, to help the recipients to use the funds to best effect to further their long-term aims. Recipients are required to report on how they have used the funds and how the financial support has helped them achieve their long-term aims. The Trustees also expect to receive copies of any published articles, papers or other outputs.

Contribution made by volunteers

The Foundation has been supported by its volunteers from its inception in 2012. The Foundation relies volunteers to support the events the charity organises throughout the year.

We have a number of volunteers who support in the delivery of our Diversity Days and Interfaith events.

Achievements and Performance

Diversity Programme

Our 2024/25 Diversity Programme began with a Diversity Day at Wimbledon, where 30 Year 10 students had the opportunity to explore the behind-the-scenes operations of such a prestigious championship and gain insight into the business of Wimbledon.

This was followed by a Diversity Day at Norton Rose Fulbright, where participants learned about career opportunities within the firm, received guidance on building a strong profile for recruitment, and had the chance to network with staff, gaining valuable insight into life at NRF.

This year we have also hosted Diversity Days at:

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The Diversity Programme also provided a series of workshops on challenging hate and the importance of community building and civic participation as methods to achieve this – in increasingly polarised times it is crucial that conversations with young people on these topics continue.

The Diversity Programme engaged with 836 students.

The evaluation from beginning to end of the Diversity Programme produced the following key findings:

Work Experience

Work experience placements were carried out with Historic Royal Palace who hosted ten students at The Kensington Palace.

In the past 12 months, the Foundation has made great strides towards its objectives. The Foundation has focussed on raising aspiration amongst young people through its Diversity Programme and has encouraged positive integration via work experience placements and the Diversity Programme.

Policies and procedures adopted for the induction and training of trustees

The Charity has the following policies in place:

The charity’s organisational structure and any wider network with which the charity works.

Trustees have delegated the running of the Foundation to the executive made up of three full time members of staff.

Whilst trustees oversee the governance and finances of the Charity, the executive has been given the responsibility to look after the day to day running of the Foundation.

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The Charity is in a reasonably good position currently, however, the biggest risk to the charity is the longterm impact of the economic uncertainty of the country. Staffing and turnover of staff is also a risk.

The charity has previously been dependent on philanthropic donations; however, the charity has increased its applications for grants and has also received a number of grants which has helped us diversify our income.

Financial review

The charity is in a stable financial position. The charity has a four month reserve to ensure it is able to cover core costs and reassess its financial and organisational future. The charity holds a reserve of £58,000

The main source of funding for the charity in 2024/2025 was through charitable donations and grants to support the Foundation's programme.

Legal and administrative information

Registered charity number

1183031

Registered office

71-75 Shelton Street Covent Garden London WC2H 9JQ

Trustees

B Nasir I Sanaullah H Bokhari H Kaufman S Musa T Jones H Bokhari (appointed 18/06/2025)

Independent examiner

David Payne FCA Turpin Barker Armstrong Allen House 1 Westmead Road Sutton SM1 4LA

This report was approved by the trustees and signed on its behalf by:

-----------------------------------------------------------------------B Nasir Trustee

Date: 26/06/2026

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NAZ LEGACY FOUNDATION

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 1 SEPTEMBER 2025

Independent Examiner’s Report to the Trustees of Naz Legacy Foundation

I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 1 September 2025 which consists of the statement of financial activities, balance sheet and the related notes

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')

I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s Statement

I am qualified to undertake the examination by being a qualified member of ICAEW

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

David Payne FCA For and on behalf of Turpin Barker Armstrong

Date:

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NAZ LEGACY FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 01 SEPTEMBER 2025

Recommended
categories by activity
Notes
Income and
endowments from:		 Unrestricted
funds
£
Restricted
funds
£
Total Funds
2025
£
Total Funds
2024
£
87,669
21,150
108,819
240,416
33,300
-
33,300
9,524
7,668
-
7,668
137
128,637
21,150
149,787
250,077
33,857
-
33,857
5,945
85,389
21,150
106,539
142,488
22,514
-
22,514
11,500
141,760
21,150
162,910
159,933
(13,123)
-
(13,123)
90,144
(215,000)
215,000
Donations and legacies
2
Other trading activities
3
Investments
4
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net
income/(expenditure)
Transfers between
funds
Net movement in
funds
(228,123)
215,000
(13,123)
90,144
324,497
-
324,497
234,353
96,374
215,000
311,374
324,497
Reconciliation of
funds:
Total funds brought
forward
Total funds carried
forward

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NAZ LEGACY FOUNDATION
BALANCE SHEET
FOR THE YEAR ENDED 01 SEPTEMBER 2025
Recommended categories by Total Funds 2025 Total Funds 2024
Notes
activity £ £
Fixed assets
Intangible assets 5 - 765
Tangible assets 6 194 259
Total fixed assets 194 1,024
Current assets
Debtors 7 605 16,867
Investments 176,830 150,000
Cash at bank and in hand 139,001 164,611
Total current assets 316,436 331,478
Creditors: amounts falling due
8 5,256 8,005
within one year
Net current assets 311,180 323,473
Total net assets 311,374 324,497
Funds of the Charity
Unrestricted funds 9 96,374 324,497
Restricted funds 9 215,000 -
Endowment funds 9 - -
Total funds 311,374 324,497
The financial statements were approved by the trustees on 29 April 2026 and signed on its behalf by:
B Nasir
Trustee
Date : 26/06/2026
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NAZ LEGACY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 01 SEPTEMBER 2025

1. Accounting Policies

1.1 Basis of preparation

These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.

These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

These accounts are presented in pounds sterling and rounded to the nearest pound.

1.2 Income from donations or grants

Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o'er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.

1.3 Expenditure

Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.

Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members. Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.

All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.

1.4 Pensions

The Charity makes contributions to defined contribution pension schemes through auto enrolment. These contributions are charged to the income and expenditure account in the year in which they become payable.

1.5 Taxation

The organisation is a registered charity and has no liability to income tax or corporation tax on its charitable activities during the year.

1.6 Fund accounting

Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

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Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes.
1.7 Intangible fixed assets
Intangible fixed assets are non-monetary fixed assets that do not have physical substance but are
identifiable and are controlled by the charity through custody or legal rights. Intangible fixed assets
include goodwill purchased on the acquisition of a business and/or purchased intangible assets such
as concessions, patents, licences, trademarks and similar rights. Although such assets lack physical
substance they provide an on-going economic benefit to the charity.
Intangible fixed assets are capitalised and included at cost and have been amortised on a straight-line
(or a more appropriate systematic) basis over their estimated useful economic life of 4 years.
1.8 Tangible fixed assets
Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide
an on-going economic benefit to a charity through their contribution, directly or indirectly, to the
provision of goods or services by the charity.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and
any provision for impairment. Depreciation is provided at rates calculated to write off the cost or
valuation of fixed assets, less their estimated residual value, over their expected useful lives on the
following basis:
-
Computer Equipment 25% reducing balance
2. Income from Donations and Legacies
Unrestricted Restricted Total funds Total funds
funds funds 2025 2024
£ £ £ £
-
Donation and gifts 36,397 36,397 181,216
General grants provided by
47,500 21,150 68,650 59,200
Government/other charities
Gift Aid 3,772 - 3,772 -
Total 87,669 21,150 108,819 240,416
3. Income from Other Trading Activities
Unrestricted funds Total funds 2025 Total funds 2024
£ £ £
Events 33,300 33,300 9,525
Total 33,300 33,300 9,525
4. Income from Investments
Unrestricted funds Total funds 2025 Total funds 2024
£ £ £
Interest income 7,668 7,668 137
Total 7,668 7,668 137
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5. Intangible Fixed Assets

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Other
£
5.1 Cost or valuation
At 02 September 2024 6,120
At 01 September 2025 6,120
5.2 Amortisation and impairments
At 02 September 2024 5,355
Charge for the year 765
At 01 September 2025 6,120
5.3 Net book value
At 02 September 2024 765
-
At 01 September 2025
6. Tangible Fixed Assets
Computer
Equipment
£
6.1 Cost or valuation
At 02 September 2024 1,063
At 01 September 2025 1,063
6.2 Depreciation and impairments
At 02 September 2024 804
Charge for the year 65
At 01 September 2025 869
6.3 Net book value
At 02 September 2024 259
At 01 September 2025 194
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7. Debtors: Amounts falling due within one year

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Total funds 2025 Total funds 2024
£
Other debtors 605 10,000
VAT control - 6,867
Total 605 16,867
8. Creditors: Amounts falling due within one year
Total funds 2025 Total funds 2024
£ £
Accruals and deferred income 5,256 5,400
-
Taxation and social security 2,379
Pensions payable - 226
Total 5,256 8,005
9. Charity funds
9.1 Details of material funds held and movements during the CURRENT reporting period
Fund Fund
Transfers
balances balances
Income Expenditure between
Fund names brought carried
funds
forward forward
£ £ £ £
Unrestricted funds 324,497 128,637 (141,760) (215,000) 96,374
Restricted funds - 21,150 (21,150) 215,000 215,000
Total 324,497 149,787 (162,910) - 311,374
9.2 Details of material funds held and movements during the PREVIOUS reporting period
Fund balances Fund balances
Income Expenditure
Fund names brought forward carried forward
£ £ £ £
Unrestricted funds 234,353 217,059 (126,915) 324,497
Restricted funds - 33,020 (33,020) -
Total 234,353 250,079 (159,935) 324,497
10. Transactions with trustees and related parties
10.1 Trustee remuneration and benefits
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There were no trustees' remuneration or other benefits for the year ended 1 September 2025 nor for the year ended 1 September 2024.

10.2 Trustees' expenses

There were no trustees' remuneration or other benefits for the year ended 1 September 2025 nor for the year ended 1 September 2024.

10.3 Transaction(s) with related parties

There were no transactions with related parties for the year ended 1 September 2025 nor for the year ended 1 September 2024.

11. Average Number of Employees

This year Last year 3 3

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NAZ LEGACY FOUNDATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 1 SEPTEMBER 2025

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Total funds 2025 Total funds 2024
£ £
Income and Endowments
Donations and Legacies
Donation and gifts 36,397 181,216
General grants provided by Government/other
68,650 59,200
charities
Gift Aid 3,772 -
108,819 240,416
Other Trading Activities
Events 33,300 9,524
33,300 9,524
Income from Investments
Interest income 7,668 137
7,668 137
Total Incoming Resources 149,787 250,077
Expenditure
Raising Funds
-
Staging fundraising events 28,546
Governance costs
Independent examiners fees 3,600 3,600
Accountants fees 1,656 2,284
Bank charges 55 61
33,857 5,945
Charitable Activities
Donations 300 -
Wages and salaries 100,509 120,885
Employers national insurance (2,072) 5,048
Pension costs 1,135 2,549
Support costs
Insurance 954 -
Telephone 1,332 967
Sundries 4,381 8,372
Rent - 4,667
106,539 142,488
Other Expenditure
Depreciation charge for the year – computer
65 266
equipment
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Amortisation charge for the year - other 765 1,530
Travel 2,040 2,116
Subscription costs 1,140 1,284
Advertising 2,457 2,443
Computer costs 1,794 727
Professional services 7,386 3,134
Irrecoverable VAT 6,867 -
22,514 11,500
Total Resources Expended 162,910 159,933
Net Income/(Expenditure) (13,123) 90,144
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