REGISTERED COMPANY NUMBER: 07803945 (England and Wales)
RfiGISTLi IIEI D CHAI£I'I'Y NUMBEI R: 1171380
REPORT OF THE TRUSTEES AND
FINANCIAL STATEI MENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
WALTHAM FOREST NOOR UL ISLAM
Preslons & Jacksons Paitnei'ship LLP
Statutoi'y Auditors
364 - 368 Cranbrook Road
Ilford
IG2 6HY

WALTHAM FOREST NOOR UL ISLAM
CONTENTS OF THE FINANCIAL s'fATEMENI'S
FOR THE YEAR ENDED 31 DECEMBLR 2023
Pxge
Repoi'l of tlie Tru$tees
I to 14
Repoi-t of tlie Iiidependent Auditors
15 to 18
Statement of Financial Activities
19
Statenlent of Financial Positio
20 to 21
Statenient of Cash b lows
22
]Yotes to the Statement of Cash Flows
23
Notes to the Flnanclal Statements
24 to 36
Detailed Statement of fiinaiieial Activitie$
37 10 39

WALTHAM FOREST NOOR UL ISLAM
REPORT OF THE TRUSTEES
FOR THE YFAR ENDED 31 DECEMBER 2023
The trustees wlio are also dii'ectors of tlie cliai'ity foi. thc pui'poscs of thc Coinpanies Act 2006) pr¢,qent tl)eir
repoi't witli the fiiiancial stateincnls of tlie cliai'ily for tlie year end¢d 31 Dec¢mbci' 2023. The li"iistees liave
adopted the piovisions of Accounting and Reporting by Cl)arilies.' Statement uf Recommended Pi'actice
applieablc to el)arities picpai'ing theii. a￿0￿1)tS in accoi'daiice with the Financial Reporting Standard
applicable in tlie UK and Republic of Ireland (FRS 102) (cffcctivc l Januajy 20191.
Walthai)) Foi'est Nooi. Ul Islain (Noor Ul Islain) was oi'iginally formed lil 1990 with the aiins of promoting
education amongst Muslim childi'en and tlie advancetllent of Ilic Icligioi) oflslam.
Noor Ul Islam was prcvioiisly registei'ed as a Cl)arity undei. I'egisti'ation nuinber 1017780. Following the
formatioii of tlie Waltliam Foi'est Nooi. Ul Islam Company, tlic ncw company was rcgistei'ed as 2 cliarity
(registration 1171380). The oi'ganisation is also regislcred in Ei)gland and Waleg undei. Company nutnber
07803945.
Throughout the histoi'y of Nix)i' Ul Islam, vai'ious sei'vices and activities have been wn and held in order to
mect oui. objcctivcs and suppoi't the lo¢al commui)ity. Dii'ectoi's {T￿stees) give due regard to the Cl)arity
Commissioi) guidance on 'Public Benefit,.
Through tl)e proinotion of good quality edu¢ation and siippoi'ting the advancement of Islain. we have been
able tu den)onsli'ate how Muslims iinpi'ove the lives of those in the UK. Iiitei'faith events and co-opci'alion
with the local authoi'ity, police cind other public bodies have i'esulted in iii)provemeiits iii tl)e quality of lives
for those living close by aiid tliose furtlicr afield.
The Organisation decides on which services to provide based on its knowledge and experience of woi'king in
the eoininunity, by evaluating past sCivice.￿ and by confulting witli useF% and othei. stalceholders.
Page I

WALTHAM FOREST NOOR UL ISLAM
REPORT OF THE TRUSTEII S
FOR THE YEAR NDED 31 DECEMBER 2023
OBJECTIVES AND AcfivITIES
Objeclives and aims
Tl)¢ pi'oiiiotioj) of good quality cducalion lias bceii a conlii)uiiig aiin alid obj¢ctivc of tlic Oi'ganisalion since
ils establisliinenl.
Tl)i'ough donations i'eccived, Nooi. Ul Islaiii lias been able to provide ail ii)crea5ing nuiiibei. of services. By
offeiing good education, it is felt that this lielps t]ie comiiiunity to be mol'e employable and therefore
coi)li'ibules to the redu¢ii)g of10¢21 povei'ty.
Tl)c Oi'ganisation also aiins to pi'oinole a unitcd coininuiiity. It is contiiiual in its coi)deinnatioii of hate
criiii&q aiid has in place specific cliecks to ensiii'e extei'nal spealcers at Noor Ul Islam are pi'oijerly vetted.
Tl)¢ following are soine of tlic activitiesls¢rvices provided by Nooi. Ul Islain..
Full Timc Aaliiiiiyyal) class Gi'adualing fciiialc Scholars in Islaniic Tlieology
AdvisDry dnd iiiformation sei'vice
Healtli proinotion and advice
Tea cliib
Regular clotlies collection for Charity
Youth get-togetheis
Scl)ool visits to tlie Mosque
Life Saving fii'st aid session
M#cinill#i) Coff¢¢ Moi"nings
Full tiiiie Islamic Pi'imary School
Lectures and seminai's
Pre-scliool
Quran classes for woinen
Regular prayei's in cor1￿"egatiOft
Zakaal colleclioii aiid dists'ibution seivice
Page 2

WALTHAM FOREST NOOR UL ISLAM
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJEI CTIVfS AND ACTIVITIES
Sigiiificaiit Activities
NOOR UL ISLAM PROJF.CTS:
Below is a list of some of tl)e pi'oject and depai'tnients i'un at Noor Ul Islani.
(l) Aalimiyyah Depai'tment
Noor Ul Islaiii Aaliiiiiyyali depai'ltllent continues to teach Muslim Woinen Islamic Theology. This five-year
course is oi)ly one of a few in the ai'ea lo leach al this lev¢l.
(2) Funeral services
Nooi. Ul Islam had to Icmporarily suspend its funeral sei'vicc. Howevei., we continue to work with other
funer21 directois foi. our congregation to use if needed. A Funcral Awai'cii¢ss coursc, to infoi'm uscl's what
l)appens dui'ing a funei'al, in association witli 'Aclion for Hiimaiiity,, was orLFanis¢d.
{3) Madra5sa
Tl)e Insi?ire Mddrassa holds aft¢r-schiM)I classes whei'e Quran and Islainic studies al'e taught. Thei'e al'e two
Madi'assa sessions held at Noor Ul Islam. Tl)e weekday Madra8sa runs fi'om Monday to Friday from 4..40pm
to 6=40pin. Thc Saturday Madi'assa session nins froin l Oaiii to 12..30pm. Inspire Madi'ass2 is a part of Noor
Ul IslaiD. There is also havc a 'Hifdh' class (Quran inetnoL'isation) wliich is held on Monday to Fi'iday and
which runs froin 4..30pin to 7.00pm.
{4) Mosque
This is wliere the five daily regular prayei's take place as well as the main Fi'iday congitgatsonal pray¢i'.
Dui'ing ¢onstructioi) woi.k, pl'ayers ai'¢ bcing Iicld in Icmporai'y facilities. Sermons and talks given are in
English to ensui'e that this is undei'stood by everyone.
(5) Pre-school
Tl)e No(>r Ul Iblam Pre-school has continued to provide a brigl)t and hedlthy environment foi. childi'en aged
thi'ee to five years old.
(6) Primary Sehool
Nooi. Ul Islam Pi'iiiiary Scliool continues to piovide a good quality education to boys and gil'ls aged foul. to
I l. 'Hifdli' classes, where pupils can memoi'ise the Qiiran dui'ing tliese supplementary scssions, aLE also
pi'ovided.
(7) Pi'oject Rebuild
Since 2014, Noor Ul Tqlam haq embarked on the eon%li'u¢tioll of a new complex that will Ilouse more services
and provide stats of tl)e ai'ts facilities. I'his iiew buildii)g will ei)able the Oi'ganisalion to meet its objectives
in iinproving tlie quality of service pi'ovided to t])e local Coirnnunity. This new building is expe¢led lo cost
about £13 million.
By the cnd of 2023, ai-ound £9.8 inillion hav¢ bccn donated oi. lent to 'Project Rebuild" It was hoped that
the building would have been completed eai'lier but Covid-19 lo¢kdown had not only forced the building
works to bc put on Iiold biit this lias also led to ali'eady planned fund-raising events be put on hold.
Thc projcct managcr 1$ Kempton Sinid) Liinited.
Appeals for funds al'e made to ihe public who is also kept infornied of the work prow'ess via the website and
social Inedia pag¢s of Nooi. Ul Islai)).
Page 3

WALTHAM FOREST IYOOR UL ISLAM
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJEI CTIVES AND ACTIVITIES
Public beiiefjt
Nooi. Ul Islam pi'ovides welfare, social and edLicalional gervices to the local community. It woi'ks with otliei.
foi'wai'd thinkii)g oi'gaiiisations to pi'ovide better sei"vices foi. the coiiiiniinity to bcnefit fi'oin. Thc trust¢C5
l)av¢ had i'egai'd for the Cl)ai'ity Coiiiiiiission on piiblic benetit.
Strategy
Sliort tei'ni strategy
The Directors {Tiiistees) ensure tliat Noor Ul Islani continues lo sei've lo the local cominunity wliilst
pi'ovidiiig tlie saiiic higli levcl 8tandai.d of .%ei'vices.
Long Tci'm Sti'*tegie.s
Tlie new buildiiig is expected to bl'ing tlie all tl)e pcoplc of tl)e community togeil)er ineluding the people of
tlie saine clnd diffei'ent faiths.
Volllnteei's
Aftei. goiiig tlll'ougli a thorough chccking pi'occss, successfiil volunteeis are inducted to tlie Organisation. It
is wortli iioting that tl)¢ Organisation lias been constaiitly ti'ansfoi'ined tlii'ougli tl)e work of ils voliii)teers.
Ai'eas of help by Voluntee￿ includc stcwards at cvents sucli A% the Siiininer Fete, l)elping with fiindiaising
and suppoi'tiiig stalf aiid Twst¢es dui'ing the regLilai' pi'ayei's.
Page 4

WALTHAM FOREST NOOR UL ISLAM
REPORT OF THE TRUSTEEI S
FOR THE YEAR F.NDED 31 DECEMBER 2023
STRATEI GIC REPORT
AchievomeJJt atid peJ'(orinaiice
Cliaritable aelivilies
Soinc of thc activities events hcld by Nooi. Ul Islam in 2023 al'e listed below.
Thes¢ eveiits liavc enabled the Organisation to achieve its varioiis objective6 including the providing of
eduLdtion foi. cliildrcn, proinoting tlie advancement of Islain including the stiengtheniiig lies witliin the
¢oininunity and developiiig intei'failli relatioiis.
{1) Clotlies ColleLtioiis
The Oigaiiisation l)ulds clothes collections thi'oughout the yeai., and tl)e donat¢d items are remitted to
'Islainic Relicf foi. distribution to tlie needy and selling al tlicii. nuiiieTOUS cl)ai'ity sliops.
(2) Dinnei. event
Noor Ul Islam held its annual Cliarity Dinner in Januaiy 2023.
(3) Healtli
Iii association with the'British Islamic Medical Association,, a "Lifc Saving" session, whei'e basie cmergertcy
life-saving skills were taught, was oi'ganised.
(4) Tea Club
NIMir Ul Islain lias started we¢kly tea ¢lubs for brothet3 ai)d sisters over 60.Thcse sessions are held
scpai'ately on altei'J)ate weeks for bi'other.q and sister8 and are designed to provide a platfom) to shal'e their
thouglits and life expei'ienccs.
{5) School Visits
A numbei. of visits fi'oni local schools al'e l)osled ai Noor Ul Islain Mosque. This enables local pupils to learn
about Islam and to understand the i'ole of a inosque.
(6) Suinmer Fete
Thc annual Suinmer Fetc weekend look place in July at tl)e Monoux College gj'oiinds.
Additional i)r¢cautioi)s weie taken, due to veiy hot wealliei., but nevei'theless the community Cc1me out and
suppo)rl oui. event. This was a success.
(7J'I'alks
In 2023 Noor Ul Islam held a number of educational talks, including'The Final Sernion,.
{8) Taraiveeh Prayers in oui- Neiv Bullding
Nooi. Ul Islain W8b able to use, l¢mporarily, t]ie new pi'emises in March/Api'il 2023, during Ran￿dan, where
Taraweeh pi'ayci's werc hcld.
Page 5

WALTHAM FOREST NOOR UL ISLAM
REI PORT OF THE TRUSTLI ES
FOR THE YEAR ENDLD 31 DECEMBER 2023
STRATCGIC Rtl PORT
Achieveiiient and pei'foi'inaiice
Fuiidl'aisiiig 2¢tivities
FUNDRAISING
Appi'oaeh to f<uiidrai5ill¥
Donoi's to Nooi- Ul Islani can bc assiired that Nooi. Ul Islaiii coiiiplies witl) the I'cgulatoiy standards foi.
fundi'ai5ing. A5 well as being a registered cliai'ity, we are also i'egistered witli tlic Fuiidi'aising Regiilatoi. and,
as siicli, al'e cominitted to the Fundrxising Proiiiise and the Code of Fiindi'aising Pi'actic¢.
To i'iin Nooi. Ul Lslani, we rely heavily on donations. Pi'imary Scliool and Madi'assa arc self-financed by way
of schoollqessions fees and aiiy &urplus¢s ai'ising from these depai'tment5' are eai'li￿rked for th¢ impi'oving of
tlie sciwices pi'ovided
The Pi'e-.%ehool i'eceives funding fi'oiii tl)c local autlioiity.
Pi'oject R¢build loui. project to build new pirmises) is wliolly fii)anced througli ￿ndial51ng and donations.
By beii)g r¢gistered witl) the Fundi'aising R¢LJulatoi' wc comply with all tlie I'elevant standards set out iii their
Code of Fiiiidi?ising Pi'acticc.
We do not use third-pai'ty gi'oups for fundi'aising as tliis is all done in-house.
We have safeguaids in place wlien volunteeis lielp us to protect oiii. suppoi'ters aiid tl)e I'eputation of oui.
cliarity.
Our coniplaints policy explaii)s how an individual can coinplain. We i'eceived no coinplaints related to
fui)di'aising in 2023.
We slate tliat we will I'espond io all flindraising complaints within 21 days in linc with our complaints
policy. Any sei'ious coinplaints are escalal¢d to oui. trustees so they cali considei. any Icssoiis to bc learnt.
We repoi'l to the Fuiidraisiiig Rcgulatoi. oi) tl)e totality of oui. coinpl2iiits wliei) requcstcd.
Coniiiiei'eial particlpatoi'slProfessionxl fuiidraisers
At Nooi. Ul Iblain, iio i)I'ofessional fundi'aisci"% al'e used. Wl)ei'e woi'kii)g staft al'e iiivolved in fundi'aisiiis
events, Ihi'ough tl)¢ir paid I'oles, tliis is Inade clcar to suppoi'tcrs.
Proteetiiig tlie Public
Well cstablislied pi'o¢edui'es aiid policic$, to prolcct vuliJei'able people, are iii place. Fuiidi'aiseis (staff aiid
volunteei's) air faiiiiliai. with tlie Codc of Conduct aiid Iliey eiisure tliat this is abided by.at all tii)ies.
The Organisation 8ppI'oaclics i'egulai. Worshippers, Useiy aiid Pai'cntslcarei's of pupils to SLlPPOI"t tlie
fiindrai%ing cffui'ts. An einail list lias also been Loiiipiled, and, whenevei- eniails al'e sent to the pcople on this
list (using Mail Cliimp),eacli person is given thc opiion to uiisubsci'ibc. In 2018 witli the adveiJt of GDPR,
individuals iiiust explicitly a￿'ee to join oiir niailing list.
Annouiicements are also made to the coiigi'egation as to wl)at to expect froin local fijndraisei's.
Pagc 6

WALTHAM FOREST NOOR UL ISLAM
REPORT OF THE TRUSTF.ES
FOR THE YEAR ENDED 31 DECEMBER 2023
STRATEGIC REI PORT
Achievement aiid pei'foi'inance
Individual volunteer fiindi'ai%ciE are vetted and refei'en¢es obtained. If accepted as a volunteer,
pliotograpliic ID card is givei) peiinitting to the newly appointed voliintecr to eitsble liimthei. to fundraiser for
fixed pei'iod. An official Nooi. Ul Islain receipt boolc, wl)ich l)as been pi'upei'ly recui'ded, is also piovidcd so
that lh¢ donoi. has a pi'oper reccipt for h]￿lie1. donations. At the end of tl)at pcriod, thc receipt books are
relui'ned togciher with donations collected thus enabling tlie ie¢onciliation of donated ainounts. Volunteers
att bricfed about thc policies and pi'ocedure% of the organisation arc and il is pointed out to tl)em to ensui'e
that no one should feel piessured into giving iiioIi¢y.
Volunteers 2nd staff al'e lold that it is not acceptable to have ali uiiirasonable intiusion on a person's pi'ivacy
oi. lo use uni'easonably peJ'.sistent methods to ieceive a donation. Any undue pressui'e on a person to give a
donatioii (of money or othei. property) is not peii))itled.
Finaiicial review
Finaneial position
Thc FinanLial Stateinenls that follow relates to Nooi. Ul Islain for the year to 3 1st Decembei. 2023. Once
these financial 8latcments arc approvcd, tliey will be signed following wliieh these accounts will be filed
witl) both the Cl)aiity Coinmission and Companies House
The financial stateinents will also bc Inade available oll tlie website of Nooj. Ul Islam and will be displayed
promii)ently at the l-lcad Office. Hai'd coi)ics may also be obtained iipon wi'itten i'¢quests.
Reserve Pnliey
The Tivstees monitor th¢ rcsei've8 of the Charity on a I'egular basis. The Charity aims to maintain three
Inonths of overheads as the I"eseives. This amounts to £375,000. At the yeai. end, the charity had £847,743
geiieral res¢ives excluding restri¢t¢d funds. The trustees are workiiig towai'ds maintaining £375,000 of fl'ee
reseives.
The Charity l)as approximately £4.8m inlcrcst fl'ee loans provided by tlie coiimjiinily. Tl)ese loans, which ai'¢
made foi. specific time pei'iods, arc i'epayable ovei. a pci'iod of tiine witl)oul excessiv¢ pi'essui'e on the future
of the Charity.
Fiiiaiieial Revieiv
The Financial Statei))enls are set out on the following pages. The Financial Statements have becn pi'epar¢d in
accoi.dance witli thc Chaiitics SOIIPS {FRS 102) "Accounting and Reporting by charities.. St#teinenc of
Rccominendcd Pra¢ticc applicable in the UK and R¢piiblic of Ii'eland IFRS 1021 (¢ffcctive l January 20191
Finaiicial Repoi'ting Standai'd 102 'The Finai)cial Repoiling Siaiidai'd applicable in Il)e UK and Republic of
Irelai)d" and the Coiiipanies Act 2006. The fiiiancial statements have been prepai'ed undei. the historical ¢osl
conveJ)tion.
Tl)¢ total funding receiving in the pej'iod aiiiounted to £2.3m.The total I'esouires cxpended wei'e £1.8tn. The
total funds caii'ied foi'wai'd as al 31st December 2023 wei'e £7.2m of which £6.4m were i'estricted and
£847,743 wei'¢ ui)i'estrict¢d.
Page 7

WALTHAM FOREI ST NOOR UL ISLAM
RF.PORT OF THE TRUSTEES
FOR THE YEAR EiYDLD 31 DEI CEMBII R 2023
STRATEI GIC REI PORT
Future plans
Tlic inain Incdiiiiii~teiin aim of Noor Ul Islain is to liave its i)Iirposc-built premises, specifically designed tr)
Ineet tlie iiceds of the wholc commiinity, coinplcted as soon as possible.
It was plai)Iied that the coiistructioii of tlie Iiew buildiiig would have been coinpleted by now. However, with
i'ising costs and tlie difficult eeoiioinic conditioiis tl)dt coiitiniie to prevail, Ilicie have been delays in tlie
completion date. The situation is coiitinuoLisly being iiionitoi'ed and tlic plan of action r¢12ting to tlie
complctioii of the new building is Irassessed and I'evicwed accordiiigly.
STRUCTURE, GOVERNATr4CE AND MANAGEMENT
Governlng dncuineiit
Tlie cliai'ity is a coinpaiiy, liinited by guarai)tee, as defiiicd by tlie Compaiiics Act 2006.
Reci-uitment 8nd appointnieiit of new ti-ustees
Tl)e Ti'usLees, wlio al'e I'cspoiisiblc foi. Ilie maiidgeineiil and adniinisti'atioii of tlie Charity, al'e listed 01) page 9
of tl)is i'eport. T5)¢ Boai'd of Ti'ustces include foiir Office Bcarei's.. Chairiiiaii, Assistaiit Cl)aii'maii, Seci'etaiy
and Ti'easuiri.
Tiustees al'e nominated aiid appointed by the Boai'd of Trustees. To be eligibl¢ foi. trusteeshipj
the Boai'd of
Ti'ustees will look foi. those peoi)le who I"e&iiilai'ly aiiend events and functions orgai1i5¢d by the Oigai)isation
and wlio eitliei. sliow ai) iiitei'est iii or offei. to volui)teci.. Ti'uste¢s al'e valuable asscts foi. th¢ Chai'ity because
tliey briiig a wealtli of expei'ieiice aiid ki)owlcdge of Coinmunity and cliai'ity work. Tl)ey also act as a
watclidog over th¢ 2ctiviÉieq of tlie Chai'ity and providc consti'uctive advi¢e.
Any individual noininated to becoine a Ti'U.8tee is invi*d to attend the Boai'd of Ti'ustecs meetiiig.$ as an
obscrvei.. Th¢y al'e introduced io existinLJ Ti'ustCCS k)iid ai'¢ given au oppoi'tunity to ask about the charity's
etivities and funding of tlic Cliai'ity, as well a5 its aiins and objectives.
Du¢ coiisidcittion is giveii to tl)e peiEQtI's eligibility to sei've, oi'igiiial specificalioii of tl)e skill requii'eiiicnls.
i)eLEonal coinpctence, aiid specialist knowledge of tlie poteiitial ncw Trustcc, by tl)c Boai'd. Prior to
coiifirination of tlie Pobltion ot. Ti'LlStccs or Govei'nors, a DBS clicck is cai'i'ied out during the siiitability
pi'ocess.
Nominated Trustees al'e niade awai'e of theii. duties aiid i'esponsibilities as Tiustees of a Cliarity undcr tlie
Cliai'ities Act. They tlicn assist on projects ai)d activities rLin by Noor Ul Islain and al'c given a task to deal
witli on tlicir owii and theii. pei'foriiian¢¢ al'e Irgiilai'ly nionitoi'ed Il)i'ough iiieetings.
School goveinoi's aiE delegated a cei'taiii Amoui)t of auilioi'ity lo ruli the Prill￿rY School. Tlie Boai'd of
Govei'noi's Ineets on a I'egular basis. It ei)SLlI'es Il)at pi'opei. iiiles and policies, which al'e iii accoi'dance witl)
tlie policies sct out by the Dcpaitmeiit foi. Educatioii, al'e in place and implenicnted. Tl)cy tl)eii I'cport back to
the Boai'd of Trustccs.
Governors are appointed in a similar way Lo Tn)stees, with a pei'iod of indiiction given to allow tlie Boai.d of
CJovei'nor.4 to ascertain whethei. tl)e individual is suitable. Par¢nt Govei'noi's al'e also ppointed in a similai.
manner.
Page 8

WALTHAM FOREI ST NOOR UL ISLAM
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Sti'u¢tui'e Govei'nanee & Management
Tlie Oi-gaiiisation
Walthani Foi'est Nooi. Ul Islain was established in 1990 as a plaee of worship and latei. it developed into a
coinmunity centi'e which calcrs for the needs of the Musliiits 2nd others in the vicinity. It became a i'egistei'ed
cliai'ity in 1993.
Its inain depai'tments cuttently Compi'ise of a Mosque, Pre-school, Pi'imary School. Womcn's Group,
Madiassa and an Aaliiniyyah depai'tmci)t (gi'aduatii)g female 5cI)olai's in Islai))i¢ Theology). The
Oi"gFdP nisation is governed by its Articles of Assoeiation which sets out its. aims and rules.
The Boai'd of Dii'ectoi's (Ti'iistees) is ultimately irsponsible foi- Noor Ul Islain as a whole. The day-to-day
responsibilities of some ai'eas al'e then delegalcd to manage13 and other staff of the different dcpartmcnls
within the Organisalion.
Page 9

WALTHAM FOREST NOOR UL ISLAM
REPORT OF THE TRUSTLES
FOR'I'HE YEAR ENDED 31 DECEMBII R 2023
STRUCTURE, GOVERNANCE AND MANAGEMII NT
Decision making
Key Per%oIiiiel
Tlie Boai-d of Diiectors lake an active role in the niajoi. decisions of th¢ oi'gaiiisation. At i'egulai. Ine¢tings,
Directols will, directly oi. indii'ectly. discuss aiid involve themselves to ensure tliat projects #I'e cariied out to
the eoi'i'ect specifications.
Every Head of Department will plai), oi'ganise, and manage hislhei. i'espective department and rcport b2ek to
theii. sub_coiiiiiiitt¢¢slBoai'd.
Managen)ent and staff
The Inanagein¢iil of the Oi'ganisation is t]ie I'espoiisibility of the Tiustees wlio incct forjnally, at least, six
tiiiic8 a yeai.. The day-to-day Inanagenient of diffei'ent depai'tnients. sucli as the Head Office, Pi'iinary Scliool,
Pi'e-sehool and Aaliiiiiyyali classes is theii delcgatcd to tli¢ respective Headteacher oi. Manager, who ale
suppoi'lcd by b¢l)ior Leacl)ers andloi. adiiiiiii51rativ¢ staff.
Tlie Pi'iiiiaiy School Headteacliei. also attciids botli tlie regular meetings of tlie Board of Governors Ineetiiig5
&nd the ineetings of tlie as tl)e Sub-C¢)Ji)Inittee
Mi. Aslani Hansa, Es tlie Opeiatioiis Managci. al thc H¢2d Office. Aslam is the son of Mr Yusuf Hansa.
Mr Aincen Miisb&lly, is the Finance Mai)ager al Nooi. Ul Islaiii
Mrs Hawa Haiisa is employed at tlie Nooi. Ul Islaitt Pi'e-school as the Inanagci.. Hcr l)usb2nd, Ubaid Hai)sa,
is a Trustee. He is excluded froiii cerlaii) Inatters wl)ieli I'elate to staffiiig oi. otliei. issues at ilie PTe-sclii)ol.
Mr Hussain Sliefaar is the Head Tcacli¢i' at Nooi- Ul Islam Priinary School.
Mr Umaii. Hussaii) is einployed as tlie Manag¢i' of tlie Aalimiyyah depai'tinent.
All Trustees have independent acce&s to staff, including those who are Lelated to Tiustccs.
Rcmiineralion for the Pi'im1c ry School Hcad T¢aclier and othei. Icey peiEonncl are based on pei'fonnance
manaLTeinent tEviews against criteria set by the Board of Tiustees.
Finance
Tli¢ fiiidiices of the oi'ganisation al'e discussed al iiieetings of the Boai'd of Tiustees. The Oi'gani5ation also
l)as an Anti-money [￿ll￿de1.11]g Policy.
All Ti"ustees have been inade aware of the guidance of the Cl)arity CotlllliSssioii on 'Piiblic Bcncfit,. The
Boai'd ensiii'es tliat Nooi. Ul Islain is ftilly compliaiit with tlie gLiidelines of the Chai'ity Comjknissioll befoi'e
deciding on activities to be undei'takcn.
Incoiiic raised from tl)e activities of tlie Oi'ganisdtion is iisually used to cov¢i' at least part of tlieii. I￿nnIng
cost. General i'unning costs are financed tlirougl) donations and fundi'aising events.
Barclays Bank PIC is the main Baiik used by the Oi'ganisation.
Page 10

WALTHAM FOREST TrIOOR UL ISLAM
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DEI CEMBLR 2023
STRUCTURC, COVERNANCC AND MANAGEMEN'r
Coiinected Ch#i'ilie5 and orgxni$#lions
Below is tlic list of soinc ot the gi'oup5, ehai'ity orgllnisatioiis and establisl)ments wliich th¢ Oi'ganisalion
liaiscs will) iii ordei. to build a good woi'king i'elationsliip..
- Action foi. Humanity
Bi"itisl) Jslami Medical Association
Human Relicf Foundation
Islain Cl)anncl and Islai)I Channel Urdu
Islami¢ Relief
Lanten) of Icnowlcdge Scl)ool
Leyton Oi'ienl Coiiin)unity Gi'oup
- Leyton Sixth Form College
Loe21 Meinbeis of Pai'liainent
Londoii Bot'ough of Waltliain Forcst Council and its Councilloi's
Metropolitan Police
Musliin Aid
Musliin Cliarity
Muslim CouDLiI of Bi'ilain
Walthani Forest Coiincil of Mosqucs
Wliipps Ci'oss Univei'sity Hospital
Risk assessment
Possible i.isks facing the wl)ole oi'ganisation al'e discussed in tlie TJ'uslee8' meetii)gs. Systeins al'e Itgulc1rly
reviewed and have been updated. as and wl)en watTai)ted, in ordei. to diminish aiid mitigate idciitificd i'isks as
identified by internal conti'ol systems.
Wl)ere events, beyond the control or anticipalion of Ili¢ Tiust¢es occui., meetings are lield to discuss how to
mitigate the risks. thiis ¢n8uring Nooi" Ul Islam continues to function effectively.
Tl)¢ Trustees also I'ecognise the need to maintain tl)¢ finan¢ial irtdependence of the Chai'ity and continue to
develop income sti'ategics to ensui'e the continuous financial stability of the Chai'ity in tl)e foresc¢abl¢ futurc.
REFF.RF,NCF, AND ADMINISTRATIVE DETAILS
Registered Company number
07803945 (England and Wales)
ReL¥lStered Cliai'ity iiumber
1171380
Registered office
713 High Road
Leyton
Londoi)
E105AB
Pagell

WALTHAM FOREST NOOR UL ISLAM
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBLI R 2023
Trustees
Ti'iistccslDircctoi's and senioi. officet3 of the Ti'LlSt
Btsai'd of Trustees
Mi. YusufHansa- Cliaii'man
Mi. Ubaid Hansa- Seci'etai'y
Mi. Reshad.l()omun - Ti'ca%ui'¢r
Mi. J4osseii Gogali - Execiitive Meniber
Mi. Ulnar Haiisa - Executive Meinb¢r
Mi. Muhainmad Hai'oon IChan-Execiitive Meinber (joined l O May 2024)
Mi. Sliariff Jeiinetl)-1-11188aiii Executive Menibei. (I'esigiied 10 May 2024)
Heads of Depai'tments
Hcad Imain-Sl)ayid) Yoiisuf Patel
Aalii))iyyali Dcpdl'tiiicnt- Mi. Uiiiaii. Hussain
Inspii'e Madi'assa- Mi. Zafai. Syed
Fl¢ad Office Opci'atioiis Managei. Mi. Aslaiii Haiisa
FinaiiLe Mai)aLiei' Mi. Aiiieeii Musbally
Pi'e-school Managei- Mi's Hawa Hansa
Pi'imai'y Scliool Ileadteacl)ei' Mi. Hu5sain Sl)efaai' (Appointed in Septeinbei. 2023)
Audit(>rs
Pi'estans & Jacksons Partnci'sliip LLP
Statutoiy Auditoi's
364- 368 Ci'anbrook Road
Ilfoi'd
Essex
LG2 6HY
Solicitors
Tlic OL'ganisation, when requii'ed, seeks legal advice fi'oin Wliitefields Solieitoi's. {384-388 Hoc Slrect.
London E17 9AA)
ACAS and NCVO (National Coiincil foi. Volunlaiy Oi'ganisations) will also be consulted on iSSLies on an
ad-lioc basis.
Noor Ul Islaiii has also coi)ti'aLted the sei'vices of 'Peniiisula' foi. the provision of employinent advice.
Advlsers
Arcliitects:
Ateliei- U W A Architects
Officc 3
679-691, Higli Road
Lcyton
London EIO 6RA
Quantity Surveyors:
1st Floor
Noi'tli Stables
138,ICiiigsland Road
Loiidoii E2 8DY
Page 12

WALTHAM FOREST NOOR UL ISLAM
REI PORT OF THE TRUSTEES
FOR THE YLAR NDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Head Office
717-723 High Road
Leylo
London
EIO SAB
Ma.sjid, Pi'e-$ehool, AalimiyyAh class and Madyassa
717-723 High Road
Leyton
London
EIO SAB
Primary School
135 Dawlisl) Road
Leyton
Loiidon
EIO 6QW
STATEMENT or TRUSTEES, RESPONSIBILITIES
Tl)e Iruste¢s (who al'e also Il)e diiectors of Walthain Forest Nooi. Ul Islam foi. the pui'poses of coinpany law)
are responsible foi. pi'eparing the Report of the Ti'ustees and the financial statcinciits in aecordance witl)
applicablo law aiid United Icingdom A¢¢ounting Standards (United Kingdom Generally Accepted
Ac¢uunling, PJ%LIiLel iiiLluding binancial Repoiting Standai'd 102 "The Financial Reporting Standard
applicable in the UK and Republic of Irelai)d"
Coinpaiiy 18w requires tl)e tsustees to prepai'e financial statements for each finaiicial ycar wliich givc a tru¢
and fair view of the state of affairs of Il)e charitable company and of tl)e in¢ominuT resoiir¢es and application
of rcsoui'ccs, including the in¢ome and expenditure, of tlie charitable company foi- that period. In preparing
thosc financial stalciiiciits, th¢ ti'ustees are requii'ed to
select suitable accountiiig policies ai)d then apply them ¢ottsistently,'
obsei've tlie inctliods and pi'iiiciples in the Chai'ity SORP,.
make j￿dgemenlq and estimates tliat are reasonable and prudent.
state whethcr applicable accounting standards have been followed, subject to any Inaterial departures
disclosed %Lnd explained in the financial stateinents;
prepare tlie finaiicial stateinents on tlie goiiig concci'i) basis unless il is inappropriate to presume tlydt the
cliai'itable company will continue in bu.%iness.
The trustees are responsible for keeping pi'oper accounting records wliicli di¥clobe witl) reasonable ac¢ur2¢y
at any tiine the financial position of tlie charitable eomp#ny and to enable them to ensure that the financial
statcm¢nts coniply witli tlie Companies Act 2006. They al'e also i'esponsible for safcguai'dii)g tlic asscts of
the chai'itable company and hence foi. taking re&8onablc steps for the pi'evcntion and detection of fraud and
othei. ii'rcgulai'itics.
In so far as the trustees ￿'e aware=
Ihei'e is no relevant audit infom)ation of wliich the cliai'itablc conii)any's auditOTS are unaw81'e,' and
the ts'ustees have taken all steps tl)at they ought to have taken to inake tlieiitselves aware of any relevant
audit infoi'rnation and to e%tabli81i that the aiiditot3 al'e awaiE of th£it infoi'mation.
Page 13

WALTHAiVI FOREST NOOR UL ISLAM
RLI POR'f OF THE TRUSTLI ES
FOR THE YEAR ENDII D 31 DEt CEMBII R 2023
AUDITORS
Tlie aiiditorsPI'estons & Jacksoiis Paitnersliip LLP will bc proposcd loi. rc-appointnicnt at ti)¢ foitlicoming
Aniiual General Meeting.
Report of the trustccs, incoi'porating a strat¢gic rcport, approvcd by oi'dci. of thc boai'd of Ii'ustccs, as the
company dii'ectoiE, on ..2.o_.l.P.:..A.+........ and signed on the boai'd's behalf by..
on5
Tiustee
LESi+*rD Joo
TrLJL¥eL [ tj I kfL&&/
Page 14

REPORT OF THI TNDF,PF.NDF,NT AUDITOR8 TO THE TRUSTEES OF
WALTHAM FOREST NOOR UL ISLAM
Matters on ivhich ive are required to i'epoi't by exceptlon
We have iiothiiig to I'epoi't in Ir81)ect of the following Inatters whei'e thc Charities (Accounts and Reports)
Regulatioiis 2008 1'equiiEs US to report to you if, li) oui. opinioii..
tl)e iiiforination given in tlie Repoi't of the Twslees is inconsistent in any iiialerial iespect witli the
financial slateinents. or
thc cliaritable coiiipany has i)ot kcpl adequatc accountii)g I'ccords,. or
the financial .4tatemenls ale not in agreement with the accounting i'ecords and i'eturns- oi.
we liave not i'eccived all thc infoi'matiol) clnd explancltions wc i'equii'c foi. our audit.
Responsibilities of trustees
As explained Inoi'e fully in the Statement of Trustees, Responsibilities. the trustees (who are also the
direct013 of the cliaritable company foi. the pui'poses of cotnpany lawl al'e i'espoi)sible foi. the pi'eparation of
the fingncial statements 2nd for beingF sati%fied that they LFive a true and fair view, and for such internal
conti'ol 2% the ti"ustees detei'mine is necessary to enable the preparation of financial statements tliat are fl'ee
fi'om matei'ial misstatement, wl)ether due to fraud or errol..
In preparing the financi21 statements, tl)e U'ustees are i'esponsible for assessing tlie chai'itsble company's
ability to continue as a going concei'ii, disclosing, as applicable, illaltcrs i'clalcd to going conccm and using
the going ¢oncei'n basis of accounting unless the trust¢es ¢ith¢i" intend to liquidate the charitable company or
to ¢¢ase operalions. oi. have iio realistic alteriiative but to do so.
Page 16

REI PORT OF THE INDII PEI NDENT AUDITORS TO THE TRUSTEI Ei S OF
WALTHAIVA FORFST NOOR UL ISLAM
Oyinion
Wc Iiave audited the finaneial statements of Waltljam Forest Noor Ul Islain (tlie'chai'itable coinpaiiy'l for the
yeai. ended 31 Deeeinbei. 2023 wliicl) coiiipi'ise tlie Stateiiieiit of Fii)aiicial Aclivilies, tl)e Stateiiient of
Finaiicial Positioii, tlic Statcin¢nt of Cash Flows ai)d iiotes to the finan¢ial statemenis, incliiding a summai'y
of 5igiiifieant accoiiiitiiig policies. Tl)e financial I'epoi'tii)g fianiewoi'k tliat lias beeii applied in tlieii.
pi'epai'ation is applicable law and United Kingdom Accounting Standai'ds (United Lcingdoin Generally
Accepted Accoui)ling Pi'actice), including Financial Reporting Standai'd 102 'The Fit)aneial Reporting
Standai'd Rpplicable in the UK and Repiiblic of Iitland,.
fn our opinion tlie financial staleinents=
give a true and fail. vicw of thc statc of tlic cliaritsblc comi)any's affairs as at 31 De¢¢mb¢i' 2023 and of its
iiicomiiig i'¢souroe5 aiid application of i'esoui'ces, includiiig tts iiicoine aiid expeiiditui'e, foi. the yeai. tlien
have becn pi'opei'ly prcparcd iii accoi'daii¢¢ witli United ICEngdoin Genei'ally Aeeepted A¢¢ounting
Pi'actice, iJicludiiiB Fiiiaiicial Reportiiig Staiidai.d 102 'The Fijiancial Repoitiiig Siandai'd applic&ible li) tlie
UK and Republic of b'eland and
have been prepai'ed iii accordancc with tlic I'cquii'emcnts of Ihc Companies Act 2006.
Basls for oplnlon
We conducted our audit in accoi'dic nce with International Standards on Auditing (UK) (ISAS {UK)) and
applicablc law. Oui. Ir5poiisibilitics ui)der tliose statidards are furtlier desci'ibed iii the Auditors,
responsibilities foi. tlie audit of tlie financial slatsiiients section of oui. I'epoi't. We al'e independeiit of tlie
cliaritable company in accoi'dance witli tlic ctliical I'cqiiii'cincnts that arc r¢levant to oiir audit of tl)e fLnaneial
statein¢Jits in thc UK, including the FRC'S Ethical Stai)d21'd, and we l)ave flilfilled oiir other ethical
responsibilities in accoi'dance with tl)ese requiiEineIits. We believe tl)at the audit evideiice we have obtaiiied
is sufficient and appropriate lo providc a basis foi. our opinion.
Conelusioiis i'elatlng to going eoiicerii
In auditing tlie financial statemcnts, wc liavc concluded tliat Ilic ti'uslees, use of the going coi)ceri) basis of
xceountsng in the pi'epai"ation of tlie financial statements is appi'opi'iate.
Based on the work we havc pei.foi"iiied, we have not identified any matei'ial uneei1ainties relating to events oi.
coiiditions tl)at, individually oi. collectively, may cast significaiit doubt on tlie chai'itable coinpany's ability to
coiitii)ue ds a going coiicei'n foi. a pei'iod of al least twelve tnoiitlis ti'oji) wlien tl)e fiiiancidl %t4lenieiils al'e
authoi'ised foi. issue.
Our Tesponsibilsties and the responsibilities of the trustees witli i'espect to going coiicern are desci'ibed in the
I'elevant sections of this report.
Otlier inforniatio
The ti'ugtees are I'espoiiqible for the otl)er infoi'mation. The otliei. infoi'niation coinprises tlie infoiination
incllidcd iii tlie Aniiual Report, other than t])e financial stateineiits and our Report of the Indcpeiident
AuditotS thcrcon.
Oui. opinion on the financial statcmciils docs not covcr tl)c olli¢i' iiiformation und, cxccpl to Ilic extent
otlierwise explicitly stated in our repoi"t, we do not express any forin of assurance conclusion tl)ei'eon.
In connection with oui. audit of tlie financial stalcincnts, our I'¢sponsibility is to read tl)e othei. infonnation
and, in doing so, considei. wlietliei. tlie otl)ei' iiifoi'ination is matei'ially inconsisteiit witli tlie financial
stateineiits oi. oui. knowledge obtained iii tlie audit or odieLivise appears to bc tllat¢i'ially Inisstalcd. If we
identify sucli matei'ial inconsisteiicies oi. ppai'ent iiiatei'ial misstatements, we ale I'equii'ed to deteiinine
wheiher tliis gives i-ise to a matei'ial n)isstateinenl in tlie fiiiancial stateinciits tliemsclvcs. If, based on the
woi'k we Iiavc pei'foi'iiied, we coi)clude Ilidl ilicrc is a iitstcrial mis6tatcin¢nÉ of this othei" iiifoi'ination, wc are
required to report that fact. We have notliing to re￿)It in tliis regard.
Page 15

REPORT OF THE INDEPF.NDE< NT AUDITORS TO THE TRUSTEES OF
WALTHAM FOREST NOOR UL ISLAM
Our responsibilities for the audit of the financial stateni¢nts
We have beej) appoii)ted as aiiditoi's uiidei. Section 144 of the Chai'ities Act 201 l and I'epoi'l in accoi'dance
witl) the Act and rclevanl rcgulations Inade or having cffcct tlicrcuiider.
Our objcctivcs ait to obtain i'easonable asgur2nce about whetlier the financial statemcnts as a whole are fl'ee
froin material misstateiiient, wlicdiei. due to fi'aud oi. ei'i'or, and to issuc a Rcpoi't of Ili¢ Ind¢pcnd¢nt AuditoiE
that includes oui. opinion. Reasonable assuiance is a higli leiT¢I of aqqurance, but is not a guai'antee that an
audit coiiducted in accordance with ISAS IUIC) will always detect a matei'ial Inisstatemcnt whcn it exists.
Misstateinents can arise fi'om fraud oi. ei'roi. and are considered tnalcrial if, iiidividually or in tlie aggi'egate,
they could i'easonably be expected to it)fluenee the economic decisions of useiE taken on the basis of these
finaiicial stat¢inenls.
The extent to which our pro¢eduir8 ￿.¢ capable of dele¢lii)g iri'egularities, including fraud is detailed below..
Our appi'oach to identifying and assessing the risks of material inisstatemcnt in rcspcct of iri'¢guIai'iti￿,
including fraud and non-coniplianee with laws and regulations, was as follows..
Ilie engagement partner ensui'ed tl)at the engagement team collectively had tlie appropriatc compclcncc,
capabilitie.q and slcills to identify or I'eeognise non-compliance witli applicable laws and regulatiiTrns'
we idcntificd tlic laws and regulations applic8bl¢ to the ¢h8l'lty Ihrougli discussions with trustees and other
Inanagcjncnt, and fi'om our commei'cial kiiowledge and expei'ience of tlie cliarity sector,.
we focused on specific laws and rcgiilations which we considei'ed may have a direet material effect on the
financial staleiiicnts or Ihc opcratioi)s of the el)arity, including t])e Comp811ies Act 2006, Cliarity's legislation,
taxation l¢gislation and data protection, anti-bi'ibery, employment and liealtli and safety legislation,.
we assessed the extent of compliance with t]ie laws and regulations identified abov¢ through making
enquii'ies of
managcincnt and inspecting legal coiyespondence,. and
identified laws and i'egulations were coiiimunicated within the audit team I'egularly and tl)e teain remained
aleit to
instanccs of non-complian¢e thi'oughout the audit. We assessed the susceptibility of tbe cliarity's finallcial
statements to Inatei'ial misstatement, including obtaining an undei'standing of liow fi'aud might f)eeur, by..
making enquii'ies of manageinent as to whcrc they ¢onsider¢d Il)ere was susceptibility to fraud, their
kiiowledge of
a¢tual,-quspected ai)d alleged fi'aud. and
considering tlie internal conts'ols in place to mitigate risks of fraud and non-compliance with laws and
i'egulations.
To address Ilie i'isk of fraud tlii'ougli Inanagement bias and oveii'ide of ¢onti'ols, we..
pci'foi'med analytical pi'ocedui'es to idei)tify any unusual oi. unexpected relationsliips.
tested journal enti'ies to identify unusual ti'ansaclions.
assessed whether judgements and assumptions Tnade in detemiining the accounting estimates set out in note
I were indicalivc of potcntial bias. and
investigated the i'ationale bel)ind significant or unusual traiisactions.
In iesponse to tlie risk of ii'rcgularities and non-compliance with laws and I'egulations, wc designcd
procedures which included, but were not limitcd to:
agrecsng finiiicial statement disclosui'es to undei'lying suppoi'ting documentation-
readiiig the minutes of meetings of those charged will) govei'n2ncc;
enquii'ing of managcmcnt as lo a¢tual and potential liiigation and claims. and
rcvicwing Correspondence witli IIMRC, relevai)t rcgulatoi's including the Health and Safcty Executivc, and
the
charity's legal advisois.
Page 17

REI PORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WAL'I'HAM b"ORES'I' NOOR UL ISLAM
Tliere al'e inhei'eiit limilations iii oui. audi( proeedui'e$ desci'ibed above. Tlie more i'¢moved iliat laws and
I'egLilations aiE froin financial ti'ansactions, tl)e less lilcely it is tliat we would becoine awai'e of
non-compliance. Auditing stai)dai.d5 8150 limit tlie audit proc¢dur¢s i'¢quii'ed to idejitify non-coini)liance witli
laws and I'egulations to ei)quii'y of the ti'ustees and other Inaiiageinent and the ii)spection of i'egulatoi'y and
legal coriespondeiice, if any.
Material misslateiiients that arise due to fraud can be liard¢i' to dctc¢t tlian thos¢ that ai'isc fi'oin ci'ror as thcy
Inay involve delibei'ate concealinent oi. collusion.
A fui'thei. description of our responsibilities for the audit of the financial statements is located ort the
Fiiiancial Repoi'tii)g Couiicil's web51te at www.frc.oi.g.uklaudit0151.¢sponsibilities. This desci'iption foi'ms
pai't of OLlI' Report of tl)e Independent AuditOL3.
Use of our report
Tl)is i'epoi't is J))ade Solely lo the ¢harilable ¢oinpany's trustees, as a body, ill accordance with Pai'14 of tlie
Cliai'ities (Accounts and Reports} Regulations 2008. Our aLidit woi'k has been Lindeitaken so that we migl)t
statc to tli¢ chai'itablc coiiipany's liiislces thos¢ Inattcjs we al'e requiiEd to state lo Ilieiii in ai) auditois, I'epoi't
and foi. no otlier piii'pose. To the fullest extent pemiitted by law, we do not dLLept i)r assume responsibility to
anyone otl)er than tlie charitable coiiipany and tlie chai'itable Company's tI￿SteeS as a body, foi. oiir aiidit
woi'k, for this i'epoi't, oi. foi. tlie opinions we have foi'nied.
for and on bel)alf of Pi'esions & Jaeksons Partnerghip LLP
Statutoiy Auditoi's
Eligible to act as ai) duditoi. in terms of Section 1212 of tlie Coinpaiii¢s Act 2006
364- 368 Ci'anbrook Road
Jlfoi.d
Essex
IG2 6HY
Datc.. ...
Page 18

WALTHAM FOREST NOOR UL ISLAM
ST ATLMbN'f OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
31.12.23
Total
funds
31.12.22
Total
funds
Unrestricted Resti'icted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and l¢ga¢ies
696,418
521,752
1,218,170
1.261,224
Charitable activltles
Scbool fees i'cccivable
Pre School
Math'assa fees
763,540
1,890
106,829
763,540
32J33
106,829
701.313
30,443
101,634
Othci. chai'itable activities
Investmeiit income
140,104
18
5,203
145J07
18
141,024
Total
1,708,799
557,398
2,266,197
2,205,195
EXPENDITURE ON
Raising funds
109,687
177,236
286,923
288,411
Charitable activities
Project i'ebuild costs
Pre School
Charity running costs
Primary School
Madrassa costs
51,719
209,873
3,516
51,719
210,406
558,919
692,200
3,904
12,762
195,584
575.351
571,956
5,781
533
555,403
692,200
3,904
Total
1,361,727
442,344
1,804,071
1,649,845
NET INCOME
347,072
(152,223)
115,054
152,223
462,126
555,350
Transfers betiveen fllnds
19
Net movement In fuiids
194,849
267,277
462,126
555,350
RECONCILIATION OF FUNDS
Total funds broiight foiward
652,894
0,084,472
6,737,366
6.182.016
TOTAL FUNDS CARRIEI D FORWARD
847,743
6,351,749
7,199,492
6,737,366
The i)otcs form pait of these financial slalements
Page 19

WALTHAM FOREI ST NOOR UL ISLAM
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023
31.12.23
Total
funds
31.12.22
Total
funds
Unrestricted Restricted
funds
funds
Notes
FIXED ASSEITS
Tangible 08s¢ts
14 1,817,394
9,597,143
11,414,537
11.027,170
CURRENT ASSETS
Stocks
Debtois
Casli at bank and in l)and
15
16
625
108,388
887.017
368,217
464,078
7,892
302,875
376,109
766,953
832,295
310,767
1,143,062
996,030
CREDITORS
Aniounts falling due within oiie yeai.
17 (1,801,946) (3,556,161) (5,358,107) (5.285,834)
NET CURREI NT ASSETS
(969,651) (3,245,394) (4,215,045) (4,289,804)
TOTAL ASSETS LESS CURRENT
LIABILITILIS
847,743
6,351,749
7,199,492
6,737,366
NET ASSETS
847,743
6,351,749
7,199,492
6.737,366
FUNDS
u￿.esti.I¢ted funds
Restricted funds
847,743
6,351,749
652,894
6.084,472
TOTAL FUNDS
7,199,492
6.737,366
Tl)e Lhai'itable Loinp&ny is entitled to exeiiiption from audit undei. Section 477 of the Companies Act 2006
foi. the yeai. ended 31 Deceiiiber 2023.
Tlie nienibers liave not deposited notice, PLirsuaiit to Seetion 476 of the Conipanies Act 2006 requiring an
audit of tlicsc financial statements.
Tt]c triistccs acknowledge theii. i'esponsibilities for
(a)
ensui.ing that tlie chai'ilable ￿MpanY keeps accounting recoi'ds that comply witli Section.q 386 and 387
of the Coiiipanies Act 2006 and
prcpai'iiig fitiancial stateineiits wliicli give a ti'ue and fair view of tlie stale of affaii's of the chai'itablc
company a.q at the end of each financial yeai. and of its sui'plus oi. dcficit for each finclncial yeai. in
accoi'dancc with thc rcqiiirements of Sections 394 and 395 and wliicli otherwise eoinply with thc
requii'einents of tlie Coinpanies Act 2006 relating to financial statements, so fai. as applicable to tlie
ch￿'￿table coinpany.
{b)
Tlie notes fonm part of these finaiicial slaleinents
Page 20
continued...

WALTHAM FOREST NOOR UL ISLAM
STA TEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023
These fiiiancial stalcmcnts l)ave been audited iindei. tlie I'cquii'ements of Section 145 of the Charities Act
2011.
Thc fiiiancial stateinents wei'e approved by th¢ Board of Tnjstees and authorised for issue on
i o _.K¥...... and were signed on its behalf by..
l.s.Hons
Trnstee
T•9
The iiotes foini pait of these financial stateinents
Page21

WALTHAM FOREST NOOR UL ISLAM
STATLMEN'r orl CASH FLOWS
riOR THE YEAR ENDED 31 DECEMBER 2023
31.12.23
31.12.22
Notes
cz.sh flows fi'om operatiiig 4c¢ivities
Cash gcnei'ated fi'oiii opci'atioiis
308,744
646,627
Nct ¢ash pj'ovidcd by opei'ating aclivitics
308,744
646,627
Casli flows fi'om iiivestiiig aetlvlties
Pui'chase of tangible fixed assets
Sale of tangible fixed assets
Intei'est received
(428,825)
(i)
18
(521,719)
Nel cash 118ed iii investing activities
{428,808)
{521,719)
Change in casl) and cash equivalents
in the reporti17g pei'iod
Casli and £asli equivalents at the
beginning of the reporting yeriod
(120,064)
124,908
887,017
762,109
Casli and cash equivalents at tlie end
of the reporting pei'iod
766,953
887,017
The notes foiin pail of tliese financial slateinenls
Page 22

WALTHAM FOREI ST NOOR UL ISLAM
NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
RECONCILIATION OF NEI T INCOME TO NET CASH FLOW FROM OPEI RATING
ACTIVII'IES
31.12.23
31.12.22
Net income for the repoi-ting perlod (as pei. the Statement of
riiiaihcial Activities)
AdJustmonts for:
Depi'eciation cliarges
Loss on disposal of fixed assets
Intcrcst i'eceived
Deciease iji stocks
Increasc in d¢btors
Increase in creditors
462,126
555,350
23,873
17,586
{18}
625
(267,721)
72,273
26,795
{54,399)
118,881
Net cash pi'ovided by operation5
308,744
646,627
ANALYSIS OF CHANGES IN NET FUNDS
At 111123 Cash flow At 31112123
Net casli
Cash at bank and in hand
887,017
(120,064)
766,953
887,017
(120,064)
766,953
Total
887,017
(120,064)
766,953
The notes foiTh part of these financial slateillents
Page 23

WALTHAM FO￿4 ST NOOR UL ISLAM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EI NDED 31 DECEMBER 2023
ACCOUNTif4G POLICIEIS
Basis of preparing tlie financial statements
Tlie finai)¢ial statemcnts of the cliai'itable company, wl)ich is a public benefit entity under FRS 102,
liave been pi'epared in accoi'daiicc with thc Chai'itics SORP (FRS 102) 'Accounting and Reporting by
Chai'ities.. Stc1teinent of Reconiinended Pi?ctice applicable lo el)aritie4 prei)aring tl)eir accoiiiits in
accoi'dance witli the Fiiiaiicial Rcportii)g Staiid8rd applicablc in the UK aiid Republic of li'eland {FRS
102) (cffcctive l Jaiiuai'y 2019),, Financial Repoi'liiigi Standai'd 102 'Tlie FindnLial Reporting Staiidai'd
applieable in the UK and Republie of li'cland, and the Companies Act 2006. The financial .qlateinent8
have been prepaied under the historical cost eonvention.
In¢on)e
All incoine is recogniged in tlie Slatenient of Financial Activities once the chc11.ity lias entitleineiit to
the fuiids, it is probable tliat tlie iiicome will be I'eceived and the #inount caji be mcasiired i'eliably.
Voliinlai'y income is I'eceived by way of donations and gifts and is includcd in tlie Stateinent of
Fijiaticial Aclivitics wl)eii ti￿St is eiititled to tlie receipt aiid the amount can be Incasured with
reasonable cei'tainty.
Grai)ts, fi'om local council, al'c I'ccognised in full in the Statemeiit of Financial Activities in the year li)
which tliey al'e received.
The value of sei'viees pi'ovidcd by voliinteers is difficult to put a monetary value on and thei'efore has
not bccii includcd in accoi'daiice witli the Cl)ai'ities SORP IFRS102).
Fcc Income is I'ecognised on a receivable basis.
Donations al'e i'ecognised when they are i'eeeived.
I xpeihdltui'e
Liabilities al'e i'ecognised as exi)endituic as sooii as tlicie is a Icgal oi. constructive obligation
coinmitting tlie chai'ity to that expeiiditLire, it is pi'obable tliat a trai)stei' of econoinic beiiefits will be
i'equii'ed in settlemeiiL aJ)d the amount ot. th¢ obligation cali be Ineasui'ed reliably. Expenditure is
accoiinled foi. on an acci'uals basis and lias been classified undei. hejdings that aggregate all eost
i'elated to the eategory. Wheie co.8t8 cannot bc dii'cctly atti'ibutcd to pai'ticulai- l)eadings they have been
allocatcd to activities on a basis consistent witl) the use of i'esoui'ces.
Governanee eosts
The chai'ity I'ecogiiises govei'i)iiient w'aiits i'elatii)g to tjic Coi'onavii'iis Busiiiess Jntei'iwplion Scheine
on aecruals basis. Tlie gTants al'e i'ecognised iii die statement of financi81 aetivities over ihe pcriod in
whicli tlie charity recogiiisc.% thc rclatcd costs foi. wliicli the gi'ant is intended to compensate.
Govci'nincnt assistance l)as also been extended by way i)f the provisioii of guai'antees.
Alloeatlon and Apportl(hnment of cfjsts
The Incthods ai)d pi'iiiciples lor the allocatioii and appoi'tioiiinent of all costs bctwceii the diffei'eiit
activity cakgoi'ics of I'esources set out above are based on tlie test of whethei. a cost diiccily
conti'ibutes to the particular related sour¢¢ of in¢omc. Such idcntifiable costs al'e appoi'tioned to tlie
specific activity, wheiEas all otliei. costs are allocated to suppoi't eosts of cliai'itablc activitics.
Resources expended include atttibutable VAT. a propoi'tion of which on the project i'ebuild is
reeoverable.
Page 24
continued...

WALTHAM FORE< ST NOOR UL ISLAM
NOTES TO 'I'HE FINANCIAL STATEMENTS- colltinued
FOR THE YII AR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES- eonlinued
Tangible fixed xssets
Tangible lix¢d assets are stated at historical cost les£ accumulated d¢preeiation and any accumulated
impairin¢nl losses. Histoi'ical cost includes expenditLire tliat is directly attt'ibulable to bringing the
asset to the location and ¢ondition necessary foi. it to be capable of operating in the manner intended
by inanagcin¢iit.
Depi'eciation is provided at the following annual rates in order to write off each asset ovei. its
estimated u5cful life.
Fi'eehold pi'opcity- 20/0 on cost
Poi'table building- l O /0 on i'educing balance
Plant and ma¢hiiiery - 250/D 01) Cost
The taxatlon
The ch21.ity is exeinpt froin corpoi'ation tax on its charit2ble activities.
Fund accounting
Uni'esti'icted funds can be used in ac¢oi'dllnce with the chai'itable objectives at the disci'etion of the
trustees.
Restrictcd funds can only be used for parlicular resti'icted purposes within the objects of tlie charity.
Rcsts'i¢tions arise wlien spccified by the donor or when funds are raised for paff icular i'esti'icted
purposes.
FuJ'il)er explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Leasing commitments
Rentals paid ui)der opei'ating leascs ar¢ chai'ged to the Siatcinent of Financial Activilics on 2 straiglit
line basis over tlie pei'iod of the lease.
Pension costs and other po$t-retirement beiiefits
'rhe chai'itablc company operates a defined contribution pension scheme. Conti'ibutioris payable to
Ihc cliaritable coinpany's pension s¢lieine al'e charg¢d to the Statement of Financial Activities in the
period to which tliey relate.
Goiiig concern
Interest free loans were obtained fi'om various sources. Also, the cui'rent assets are exceeded by thc
current liabilities as at Ihc year end.The Tiustee.% al'e confident thal it suffjcient I'esoui'ces and
support fi'om th¢ ¢ommunity to continue as a going conccrn.
It is for these rcasons the accounts have been prepared on a going concem basis.
Page 25
continued...

WALTHAM FOREST NOOR UL ISLAM
NOTES TO THE FINALYCIAL STATEMENTS - continued
VOR THF. YEAR ENDED 31 DECEMBER 2023
DONATIONS AND LEGACJES
31.12.23
31.12.22
Donations
Giftaid
Grant from Local council
Akat Fitia Fidya and Quibaiii
Disastei. Appeals
Pioject rebuild
Interest donations
Incoine fi'om Sadaqa
393,063
123,627
374,920
40,693
33,338
224,282
927
27,320
436.157
31,877
317,140
91,030
12,426
338,677
350
33,567
1,218,170
1,261,224
Grants received, included in tlie above, are as follows..
31.12.23
31.12.22
School
374,920
317,140
OTHER CHARITABLE ACTIVITIES
31.12.23
31.12.22
Sunimei. Fete
Bazaai. money and fundi'aising
Charity dinnei.
Ai'abic Englisli and Aliinah Courses
Nik£lah & Wedding
Scliool Trips
Sales of items
Oil)er hicoiiie
19,135
33,178
3,427
39,210
760
28,241
13,n.35
8,321
27,512
33,455
32,100
3,013
20,357
5,688
18,899
145,307
141,024
Page 26
continiied...

WALTHAM FOREI ST NOOR UL ISLAM
NOTES TO THE FINANCIAL STATEMENI'S - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
INVESTMENT INCOME
31.12.23
31.12.22
Interest receivable
18
INCOME FROM CHARITABLE ACTIVITIES
31.12.23
31.12.22
A¢tivity
Registration and school
fccs
R¢gists'a¢ion and school
fees
Madrassa fees
School fees reeeivable
763,540
701,313
Pre Scliool
Madrassa fees
32J33
106,829
101,634
902,702
802,947
RAISING FUNDS
Raising donatlon$ and legacies
31.12.23
31.12.22
Zakat Fitra Fidya and Qurbani
Disastei. Appeals
Sadaqa expended
Interest expended
118,745
51,826
52
146,419
11.825
1,550
2,200
170,623
161,994
Otlier trading activitie5
31.12.23
31.12.22
Purchases
Support costs of schooling
School trips and spoi'tsfield
Suinmer fete
Cliarity dinnei. and Eid party
Events Cost
Fundraising costs
Books magaziiics aiid calcndei's
lftai. expenses
Mayyat (burial) expenscs
883
28,865
35,306
4,089
34,750
5,B88
5844
10,903
30,065
24.423
14,587
21,074
11,124
7,383
5.794
,045
19
675
116,300
126,417
Aggi'egate amouilts
286,923
288,411
Page 27
continued...

WALTHAM FOREST NOOR UL ISLAM
NOTES TO THE FINANCIAL STATEMENTS - coiitillued
FOR THE YEAR LI NDED 31 DECEMBER 2023
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 8)
Dii'ect
Costs
Totals
Pi'oject rebuild costs
Pi'e Scliool
Cliai'ity i'uiming costs
Pi'iinaiy scliool
Math'assa costs
51,719
210,386
555,119
692,200
3,904
51,719
210,406
558,919
692,200
3,904
20
3,80
3,820
1,513,328
1,517,148
SUPPORT COSTS
GoveiTrance
costs
Management Finance
Other
Totals
Pi'oject rebuild costs
Pre School
Cliai'ity i'uiuling costs
Priiiiary school
Madi'assa costs
35,091
209,376
68,078
652,852
548
426
36
2,107
36
165
16,2112
974
25,471
39,312
691
51,719
210,386
555,119
692,200
3,904
459,463
2,500
96S,945
2,770
82,650
461,963
1,513,328
NET INCOMEI(EXPENDITURE)
Net incoinel{expciiditure) is stated after chai'gingl{crediting).'
31.12.23
31.12.22
Depi'eciation - owned llssels
Hire of plant and macl)inei'y
Deficit on disposal of fixed assets
23,873
3,1190
17,586
26,795
5,248
Page 28
continued...

WALTHAM FOREI ST NOOR UL ISLAM
IYOTES TO THE FINANCIAL STATEMEIYTS - continued
FOR'I'HE YEAR ENDED 31 DECEMBER 2023
10. AUDITORS, REMUNEI RATION
31.12.23
31.12.22
Fees payable to the charity's auditoi's and their asso¢iates for the audit
of the ¢l)ai'ity's finaiicial statements
6,600
5,000
I I. TRUSTEESI REMUTrIERATION AND BEI NEfilTS
There werc no Iruqtees, remuneration oi. other benefits for the year ended 31 Decembei. 2023 noi. for
Ihc ycar elided 31 Deceinbcr 2022.
Trustees expenses
There were no ts'ustees, expenses paid for the year ended 31 December 2023 noi. for the year ended
31 December 2022.
12. STAFF COSTS
31.12.23
31.12.22
Wages and salaries
Social se¢urity costs
Other pension ¢osls
1,140,646
54,735
8,045
1,031,817
60,947
8,480
1,203,426
1,101,244
The average monthly number of employees during the yeai. was as follows..
31.12.23
32
40
25
31.12.22
37
33
15
Administi'ation & caretakeis
Teacl)ing
Jinam and madrassa teachers
97
85
No employees i'eceived emoluments in excess of £60,000.
The coinpany considers its key managemcnt personnel to be ti'ustees. The ti'ustees did not receive any
benefits dui'ing the cui'i'ent or pi'evious y¢ai'.
Page 29
continued...

WALTHAM FOREST NOOR UL ISLAM
NOTES TO THE FINANCIAL STATEMENTS - continued
riOR THE YEAR NDED 31 DECEMBER 2023
13. COMPARATIVLS FOR THE s'fATEMENT OF FINANCIAL AcfiviTIES
Unresli-icted Restt'icted
fuLids
funds
Total
fiiiids
INCOME AND ENDOWMENTS FROM
Donations and leLFpaeies
562,800
698,424
1,261,224
Charitable activities
School Eees receivable
Madrassa fees
689.116
101,634
12,197
701,313
101,634
Other chai'itable activittes
137.954
3,070
141,024
Total
1.491,504
713,691
2,205,195
EXPENDITURE ON
Raising fuiids
119,722
168,689
288,411
Charitable aetivlties
Pioject I'cbuild costs
Pir School
Cl)arity running costs
Priiiiary scliool
Madi'assa costs
12,762
195,584
30
12,762
195,584
575,351
571,956
5,781
575,321
571,956
5,781
Total
1,272,780
377,065
1.649,845
TrIET INCOME
Transfers between funds
218.724
(27,802)
336,626
27,802
555,350
Net movement In funds
190,922
364,428
555,350
RECONCILEATION or ruNDS
ToiAI funds bTOU&,Iil Ivi'wai'd
461,972
5,720,044
6,182,016
TOTAL FUNDS CARRIED
FORWARD
652,894
6,084,472
6,737,366
Page 30
continued...

WALTHAM FOREST NOOR UL ISLAM
NOTES TO THE FINANCIAL STATEMEINTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
14. 7'ANGIBLE FIXED ASSETS
Freehold
propei'ly
Portable
building
Plant and
machiiiery
Totals
COST
At l January 2023
Additioiis
Disposals
11,091,633
420,681
123,241
250,857 11,465,731
8,144
428,825
(168,367)
(168,367)
Al 31 December 2023
11,512J14
123,241
90,634
11,726,189
DEPREI CIATION
Ai i January 2023
Cliargc foi. y¢ai'
Elitllinated on disposal
163,369
8J86
78,174
4,507
197,018
10,980
{150,782)
438,561
23,873
{150,782)
At 31 tkceinber 2023
171,7SS
82,681
57,216
311,652
NET BOOK VALUE
At 31 tkceinbei. 2023
11,340,559
40,560
33,418 11,414,5J7
At 31 Deccmbcr 2022
10,928,264
45,067
53,839 11.027,170
Included in freeliold propcrty is freehold land of £4,644,108 (2022.. £4,644.108) which is not
d¢preciat¢d.
Included in freehold pioperty 15 a building under constructioi) at £6,868,206 (2022.. £6,447,524)-
15. STOCKS
31.12.23
31.12.22
Stoclis
625
16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Ti'ade debtors
Other debtors
Prepayments
340,246
17,687
18,176
104,026
4,362
376,109
108,388
Page31
continued...

WALTHAM FOREST NOOR UL ISLAM
NOTES TO THE FINANCIAL STATEMENTS - coiitinued
FOR THE YEAR ENDED 31 DECEMBER 2023
17. CREDITORS: AMOUNTS FALLING DUEI WITHIN ONE YEAR
31.12.23
31.12.22
Social security and other taxes
Ot])ei' creditoi's
Kai'se Hasana Loans
Acciucd expeiises
Def¢iTcd Incomc
15,928
2,310
4,800,397
102,652
436,820
12,748
3,677
4,829,347
49,147
390.915
5,358,107
5,285.834
Kai'se Hasana loans are intei'est free loans provided by the community.
18. LEASING AGREEM£I NTS
Minimum lease paytnents under non-cancellable operating leases fall due as follows..
31.12.23
31.12.22
Within one yeai.
Belwe¢rt one and five yea
3,367
3,739
3,367
3,367
7,106
19. MOVEMEI NT IN FUNDS
Nct
nioveinenl
in funds
Ti'ansfcrs
between
funds
At
31112123
At 111123
Unrestrlcted fllnds
General fund
Regists'ation and Scliool Fees
Sale of Scliool Uniforn)
Conts'ibutions towai'ds scliool ti'ips
Madi'assa Fee
283,571
317,158
419
128
51,618
92,188
153,541
34,288
(52,820)
69
9,227
(142,987)
41Q,047
417,879
488
4,194
15,13S
(5,161)
106,504
652,894
347,072
(152,223)
847,743
Restrieted funds
Zakat, Fitt'a, Fidya and Qui'bani
Intei'est
Grants from tA)cal boi'ough - Education
Disastei. appeal
Umrali and Hajj facilities
Pi'oject i'ebuild
(63,371)
3,449
251,793
1,483
12,051
5,879,067
{80,718)
427
41,270
(18,488)
144,526
(777)
(38,867)
17,887
437
3,099
254,196
¥82
12,051
6,081,084
172,563
29,454
6,084,472
115,054
152,223
6,351,749
TOTAL FUNDS
6,737,366
462,126
7,199,492
Page 32
continued...

WALTHAM FOREST NOOR UL ISLAM
IYOTES TO 'fHE FINANCIAL STATEMEN'fs - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
19. MOVEMIINT IN fiUNDS- continued
Net movement in funds, included in the above are as follows..
Incoming Resoui'ces Movement
I'esources
expended
in funds
Unrestricted fuiid5
Genei'al ftind
Registi'ation and School Fees
Contributions towards school trips
Madrass2 Fee
682,528
886,083
28,241
111,947
(590,340)
(732,542)
(33,402)
{5,443)
92,188
153,541
(5,161)
106,504
1,708,799 (1,361,727)
347,072
Restricted funds
Zakat, Fitra, Fidya and Qurbani
Interest
Grants fi'om Local boi'ough - Education
Diqaster appeal
Proje¢t I'ebuild
40,693
927
258,158
33,338
224,282
(111,411)
(500)
{216,888)
(51,826)
(51,719)
(80,718)
427
41,270
(18,488)
172,563
557,398
{442,344)
115,054
TOTAL FUNDS
2,266,197
(1,804,071)
462,126
Page 33
continued...

WALTHAM FOREST NOOR UL ISLAM
NOTES TO THE FINMCIAL STATEMENTS- contiilued
FOR THE YEAR NDED 31 DECEMBER 2023
19.
MOVEMENT IN FUNDS - Continued
Comparatives for movement in funds
Net
nioveinenl
in funds
Ti'ansfeiE
between
funds
At
31112122
At 111122
Unresti'ieted funds
Gencral fund
ReLFis(ratlOll 21)d Sehool Fees
Sale of School Unifoi'm
Contributions towai'd5 school trips
Madi'assa Fee
204,748
201,347
488
4,194
51,195
{65,848)
168,184
(69)
{4,066)
120,523
144,671
(52,373)
283,571
317.158
419
128
51,618
{120.100)
461,972
218,724
127,802)
652,894
Restrieted funds
Zakat, Fiti'a, Fidya and Qiirbani
Inlcrc5t
Grants from Local borough - Education
Disastei. appeal
Umrali and Haji facilitics
Pmjecl rebuild
13,426
3,099
205,153
882
12,051
5,485,433
(59,169)
350
71,642
601
(17,628)
{63.371)
3,449
251,793
1,483
12,051
5,879,067
(25,002)
323,202
70,432
5,720,044
336,626
27,802
6,084,472
TOTAL fuNDS
6.182,016
555,350
6,737,366
Page 34
continued...

WALTHAM FOREI ST NOOR UL ISLAM
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR I'HE YEI AR ENDED 31 DECEMBER 2023
19. MOVEI MENT IN FUNDS- continued
Comparative net movement in funds, in¢luded in th¢ above are as follows:
Incoming Resoui'ces Movement
i'esources
expended
in funds
Unrestricted funds
Gener&1 fund
Registration and School Fees
Sale of School Uiiiform
Contributions towards school trips
Madrassa Fee
578,971
798,131
(644,819)
{629,947)
(69)
(24,423)
26,478
(65,848)
168,184
169)
(4,066)
120,523
20,357
94,045
1,491,504 {1,272,780)
218,724
Restricted funds
Zakat, Fits'a, Fidya aiid Qurbani
Intei'est
Graiits from Local boi'ough - Education
Disastci. appeal
Project rebuild
91,030
350
271,208
12,426
338,677
(150,199)
(59,169)
350
71,642
601
323.202
(199,566)
{11,825)
(15,475)
713,691
(377,065)
336,626
TOTAL FUNDS
2,205,195
(1,649,845)
555,350
TRANSFER OF FUNDS
Transfei'b fi'otll i"estricted to unrestri¢ied funds were foi. contributions to ovei'heads
Movement in funds
Unrestricted Fiinds
l. Gcncral thnd represent the Amounts that tivstees are free to use in accordance with trnst's ehai'itable
objectives.
2. Registration and scl)ool fees represent tuition fees receivable froin pi'imary school students and is
expended on day to day school running costs.
Resti'i¢ted Funds
3. Zakaat, Fits'a, Sadaqa and Qurbani repi'esents the restrieted donations received foi. and expended on
specific nced$ of tlie general public.
4. Restricted funds include grants re¢eived from local council, LBW, and are utilized in development
of educatioJ)al pi'ogramme foi. pi'e-scliool students.
5. Disastei. appe81 funds al'e ¢ollecled through specific appeals to support people affected by natural
disastei"s ai'oLind the woi'ld.
Page 35
continued...

WALTHAM FOREST NOOR UL ISLAM
NOTES TO THE FINANCIAL STATEMENTS - continued
riOR THE YEAR ENDED 31 DECEMBER 2023
19.
fvtOVEI MEI IYT IN FUNDS- continued
6. Project iebuild iepi'esents the donations I'eceived which conti'ibute towai'ds the i'ebuilding of the old
prcmis¢s owi)¢d by ti)e ti'ust.
20. OTHER FINANCIAL COMMITMENTS
l} The trust lias financial coinmitmei)ts lo build new pi'emises to meet the needs of tlie usel%. As a
i'esult of the cui'rciit cconoinic cliii)atc, both matci'ial costs and labour costs have incTeased and al'e
expected to inci'ease in tlie foreseeable futt]i'e. As a Imattei. of prudence, the Trustees have maintained
an estiniated spending of api)I'oximately £3111 (2022.. £3111) to comi)lete tlie pi'ojeet.
21. REI LATED PARTY DISCLOSURES
l. Tl)e tiust einploys five people who al'e I'elated to ti'ustees as follows-
Name of Related Party
Relationship
Roles
Amount (£)
Ms S Musb8lly
Mi. A Hansa
Sister
Son
Tcaclier
Office Managei'l
Teaclierl Satui'day
Reception
Pi'e-school Managei.
Fiiiancc Manag¢i'
Te£lcher
19,926
50,505
Mis H Hansa
Mi. A Musb211y
MIE Z Hansa
Daugl)tcr in Law
Brotlier in Law
DaU￿ter in Law
30,990
35,875
7,210
Page 36