Charity No. 1191481 

NAJIB TRUST (Dormant Accounts) (A Charitable Incorporated Organisation) Annual Report and Financial Statements 01 April 2022 to 30 March 2023 



## **Contents** 

Legal and administrative information 

Report of the Trustees 

Dormant Balance Sheet 

Notes forming part of the financial statements 

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## **Legal and administrative information** 

Charity number 1191481 65 CHARLOCK WAY Registered address WATFORD WD18 6JY Amad Ali Kayani Sara Halimah Trustees Raja Jehangir Iqbal Zakia Sultana Iqbal Samie Kayani 

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**NAJIB TRUST** 

## **Trustees' Report** 

The Trustees present their annual report and accounts for the first period ended 30 March 2023. 

During this period, the charity had dormant accounts. 

## **Structure, governance and management** 

The Charity is constituted as a Charitable Incorporated Organisation (CIO) Foundation, as a body corporate under Part 11 of the Charities Act 2011 on the 25 September 2020. The CIO registered with the Charity Commission on the same day. 

Trustees are legally responsible for the governance and management of the charity. Trustees are responsible of setting strategies and policies for ensuring these are implemented. 

Risk management 

The charity's trustees have considered the major risks to which the charity is exposed and have reviewed potential risks. Systems and procedures have been put in place to manage the risks and to mitigate any adverse outcomes. 

## **Objectives and activities** 

The governing scheme defines the charity's objects as being to: 

1. To advance health in remote areas of Pakistan by providing basic first aid techniques and health education outreach awareness sessions. 

## **Achievements and Performance** 

The CIO was dormant during this period. 

## **Financial review** 

No transaction took place during this period. 

## **Future plans** 

Najib Trust (Charity no 1191481) is expected to start its fundraising soon. 

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Trustee5' re5ponsibiltties statement
The tru5tee5 are rÈsponsible for preparing the Tru5tees' Annual Report and the financial 5tatefflents in
accordance with applicable law and United Kingdom Accountlng Standards (united Kingdom Generalty
Accepted AccountSng Practicel.
The law appllcableto charitie5 in England & Wales ￿QUIreSthe trustees to prepare Iinanclal staternents
for each financial year which Eive a true and lair view of the State of affair5 of the charity and of the
Incoming resources and application of resources of the charity for that period. In preparing these
financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently..
observe the methods and principle5 in the Charities SORP,.
rnake judgements and estimates that are reasonable and prudent-
St3te whetherappllcable accounting stsndard5 have been followed. sublett to any material departures
disclosed and explained in the financlal statement5,'
prepare the financial statements on the going ¢oncern basls unless It Is inappropriate to presurne that
the charity wlll continue in operation.
The trustees are responsible for keeping proper accounting record5 that di$clo$e with reasonable
accuracy at any tirne the financia1 position of the charity and enable them to ensure that the financial
statements comply with the Charitie5 Act 2011, the Charity (Accounts and Reports) Regulations 2008
and the provisions of thetrustdeed. They3re 8150 re5pon5ible for safeguardingthe assets of the charity
and hence fortaking rezsonable steps forthe prevention and detection of fraud and other Irr@8ularltles
Thls report was approved by the trustees on......1310612024.. .and Signed on thÈir behalf by..
Raja
ngir Iqbal
TrustÈe

## **Najib Trust (1191481)** 

## **Balance Sheet as at 30 March 2023** 

## **(Dormant Accounts** 

|**Fixed assets**<br>Tangible assets<br>Total fixed assets<br>**Current assets**<br>Stock and work in progress<br>Debtors<br>Cash at bank and in hand<br>**Liabilities**<br>Creditors: amounts falling due within one<br>year<br>Net current assets<br>Creditors: amounts falling due after one<br>year<br>Provision for liabilities<br>Net assets<br>**Reserves**|**£**<br>0<br>0<br>0|**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0|
|---|---|---|
||0<br>0||
||0||



Approved by the Board on 13/06/2024 And signed on its behalf by: 

## RAJA JEHANGIR IQBAL 

Trustee 

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**Notes forming part of the financial statements for the year ended 30 March 2023** 

## **1. Accounting policies** 

- (a) Basis of preparation 

The accounts have been prepared in accordance with the receipts and payments basis in accordance with the Charity Commission guidance. 

- (b) Charity status 

The Charity is constituted as a Charitable Incorporated Organisation (CIO) Foundation, as a body corporate under Part 11 of the Charities Act 2011 on the 25 September 2020. The CIO registered with the Charity Commission on the same day. 

Fund accounting 

General funds are unrestricted 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. 

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. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

## (d) Receipts 

All incoming resources are included in the Receipt & payment Accounts when the charity actually obtains legally entitled income. 

## (e) Payments 

All expenditure is accounted for on payments basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. 

## **2. Member liabilities** 

The members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. 

## **3. Debt outstanding** 

There is no particulars of any debt outstanding at the date the statement of assets and liabilities. 

## **4. Related Parties** 

## **Controlling entity** 

The charity is controlled by the trustees. During the year the Trustees received no emoluments or incurred any expenses using Trust funds. 

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