REGISTERED CHARITY NUMBER: 1190878
REPORT OF THE TRUSTELS AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
FOR
MASJID ABU BAiai WALTHAMsrow
Prestons & Jacksons Partnership LLP
364- 368 Cranbrook Ro*J
Ilford
Essex
IG2 6HY

MA￿ ABU BAKR WALTHAMSTOW
CONTEIYTS OF TllE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
P*8e
Rewirt of the Tr￿tte1
1 kn 6
Ind¢p¢ndeDt EI*mlner'g Report
St•temeDt ar￿￿￿DelI1 A¢¢ivitie8
BalAn¢e She¢¢
9 10 10
Notu to the FIIADelAI Stsiem¢nts
11 to 18
Detslled S¢*tement of Fts*llcl#l A¢tlYltles
19 lo 20

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024
The trustees pr¢s¢Di their rep)rt with the financial statements of the charity for the year ended
31 Januory 2024. The trustees have adopted th¢ provisions of A¢countin8 and ReFK)rting by Charities:
Statement of R¢¢ommended Practice applicable to charities preparinB their accounts in 4¢¢ordanc¢ with the
Firtantial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January
2019),
Ch*irm#tt's Report
In the name of Allah. the gracious and most merciful. By the will of Allah. we the management Committee
are honoured, with anoiher year of serving the Masjid and our comtnunity.
Only with the &ssistan¢¢ of Allah. a faniaslic opl￿rtUnIty has come about. For this y¢ar w¢ have made an
eement to secure the house nexi d(M)r No.26. Having consulied some membeTS of the community we
received blessing from them io I￿k io pursue this endeavour. Considering the already existing remaining
loans that are outstandin8 from the pr¢vious house projecL the managell￿nI and worshippers Still felt th4t
this opportunity nol lo be missed.
This would be a great mil¢stone in the history of ihe Masjid, as having pUrCh￿d a how8¢ on Som¢rs Road
during Covid with no congregation then to purchase another house next door just a few years after. A5 this
hous¢ 15 right next door. the community has had their eyes sel on it from day on¢ of ih¢ exis￿nCe of the
Masjid. Having yed the buying price with the seller and now rnising the fijnds to Secure the Pur￿￿$¢, we
will be looking lo hAV¢ the keys to the Property in the coming months.
Our vision is lo provide 4 Sister with a dedicate centre, so that the ladies in the communiry Can benefii from
Ihe service5 lor th¢ Masjid. This was the initial vision when purchasin8 the howe on Somers Road.
However. due lo the location in re]￿lOn io the Masjid and scale of work that would be rquircd. Ihis would
have taken some years to accomplish.
I pray ihai in the next rel￿ we will hav¢ a fuwtionin8 Sislets centre, with a booming ¢ommunity evolving
the ladi¢s of the community and had made many connectio￿.
Mohimmed R#Yaq
Page I

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024
OWECTIVES AND AcfiviTtES
Objectives, Alms and Public BeDefits
RELIGIOUS ACTTVITES
Pr*y¢r faellltlej
Masjid Abu Bakr offers a wide range of r¢gular activities and services to &qter for the diverse needs of our
Community. Being in a prim¢ location for t￿pIC who are working or shopping in town centre. we aim to
keep our doors open for Fajr and then from 9:30 10 the last prayer of the day. FshL Details of services that
tske place throughout the day are dethiled below.
Additionally. we always Unde￿10nd the need to have a membtt of staff or voluntttr on sile who can be
approached to assist you in your needs. The MLsjid can accommodaie up 10 5(K) worshippers within its
building and when needed ulilis¢s th¢ open courtyard space to ac¢ommodak additional 200 people.
Flv¢ Dilly Praytn
Masjid offers 5 daily con8re8ational pray¢r5 lead by Maulana Hu7Aifa and Maulana Mohammed Moree
The liming of ea¢h salah can be found on the yearly Calendar, monthly Newsletter, Masjid'$ Website, Phone
app such as and My mosque and Masjid Timetable and loo can be found displayed in the main h&ll ¢locL
We provide audio str¢am of the prayers so ihal ￿1 could Mill benefit from listening into the service.
Jumuab Pr*yerB
Jumuah being the busiest time of lh¢ wttl Masjid provides 2 services lo accommodate the needs of locals
and those who are working or travelling in W￿¢haMst0w Central. Masjid courtyard is us¢d io avoid
worshipper5 from Praying on outside fTh)tpath. On Avern8< over 1.000 people attend the Friday afternoon
prayer and benefit from Erkglish lects￿¢ (Bayaan) followed by Khutbah irt Arabic and then Salah.
Month Of R*m*thn
Ramadan being the most bless¢d month draw5 more worshippers than any other month. To benefit th¢ large
numbers of people attejxling during these blessed ￿ys. daily Dais lessons w¢r¢ delivered by Imams and
Speci￿ guests to educate people on aspects of D¥¢n and io increase one's Imatn. We were fortuna1¢ lo ￿ve
Mufti Abdur Rahman ibn Yusuf Mangera delivering tslk3 throughout Ramadan.
Regular reminders w¢r¢ made to tsckle noise issues and 911 worshippers were thised to avoid parking on
Mansfield Road. We aim to WOTk ¢los¢ly with those worshipper5 and neighbours lo r¢solve the above issue.
Events & Cl•$8¢s for Wom
- Tafseer Ul Qurfan & Tajweed (Urdu) every Monday from I Ck12
- Tajweed & BukFwi Shareef {Urdu) every Tuesday from 10-12
- Juwa Me Ulkalam (Urdu) Bvkh8ri Dars every Wednesday from l 1-12
- Tafseeer in English 12..31>1:45 every Saturday
- Aftemoon spiritual retreal (English) every of the month from 4
- Sist¢rs & Children Eid Funday S￿￿rdaY 23rd July 2022 14.
- Every Sunday in Ramadh8n: Ramadan Qufan Dropin sessio￿ 3:3fv5:30
- Monday to Thursday every week in Ramadan: Ramadan DaTS e Qur¥J) (Urdu)
Page 2

REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024
OWEcfivES AND AcrivrriES
Pllblie benefit
Tr tr￿st¢es confirnied they have had regard to the Chariry Commission's guide on publi¢ benefits.
Page 3

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024
ACHIEVEWKENT AND PERFORTrIANCE
CharitAble activities
M¥dra5*h
This year Trs a new phLse for us due to the curriculum having run its full course. We are at the beginning
stsges of establishing a t¢¢nage syllabus. InshaAllal4 we wish to see some fruition not least in lernis of
young individua13 deep diving into advanced Islamic st￿lIeS and mature teenagers ¢ontribulin8 to
community roles.
S¢¥tlstlu
We had 300 srud¢nts by end of July 2023. 63 new students enrolled. 54 students l¢ft during or at the end of
year. Student attendance was 84Y• and puJKlualiry 97•/• at the end of 2023 academi¢ year. Exam results
overall average was 69/•. 126 pupils (64Yo of all pupils who sat VAam) achieved 65Yo or more.
Curricul* & St*ff Upd•t
A weekend Islamic DiploTna course was laU￿hed as an Opport￿lty for Madrasah leavers lo furth¢r their
studies in Arabic. Tafseer. Had¢¢il4 Fiqh and Aqeedah.
A special Fath to Paradise, Sunday youth scherne for girls was launched for temi time.
3-Day Classes were ¢xtended for all new students joining the youngesl cla&ses. This w&$ to ensure that
slud¢nls who are already enroll¢d 8¢t priority to remain in 54ay cla55e5. This also ￿[ered for p#renis'
requests Io give redu¢¢d days to young children whilst they se￿¢ in.
Arabic language lrial course was replaced with Madinah Arabic reader for a more structured approach. This
subject continued for one particular agc group of boys and gtrls.
Events & Aeth7lt
Before breaking up for Summer Holidays, pupi15 Cond￿led various perforniances in the presence of parents
in the end of year Awards Ceremony. such &s speeche4 recitals. n&sheeds, play& el¢.
Th¢ Year ended with a Sports, Day in Lloyd5 Park over 2 separate days for boys and girls. Parents were 4130
invited to attend. Both days wer¢ w¢ll attended. Teenage Madrasah trA)ys were invited to monthly youth
events to enjoy fun activities, listen lo sp¢¢ches on the H¢r¢after series WMI tske part in meals. 60-80 boys
attended most of whom wer¢ Madrn8ah children.
During Summer holiday$, we provided:
. Teenage boys were offered the Op￿rtUnity to enrol in a Beginning of Guidance, course covering various
topics...
- Optional Madr&sah clas3e5 tontinued to run during $umm¢r holidays with a fo¢￿ of 1Sran and Salaah. 2
group51¢lasses of children participated.
Masjid Abu Bakr co51&bornted with MadTasah]l Haq to tske part in an exclusive access to Flip Out
Trampoline Park during Summer Holidays for ix)y$ and girls s¢p8rntely.
- M&sjid Abu BakJ collthrnled with Teens Inspired to arrange self4ev¢lopm¢nt worksI￿pS for teenage
boys during summer holidays.
- A morning of Motivation ev¢nt held for sisters in October as part of the Path to Par￿lIse scheme. The
event included bake sale. henna. talks. pr¢sentsiions, rcfleclion and free lunch.
- A Speci￿ &ssembly w&8 held by M￿1[aSa￿ staff on th¢ topi¢ of Palestine. This was followed up with a
fundrdiser in collaboration with UWT.
madr￿#h liaised with Aida refugee camp in Palestine to give an opportunity for our children lo
ommullicate wilh refvgee children in Palestine.
- Th¢ first terni ended with an activtty day involving and games.
Page 4

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JAI%WARY 2024
- A winter conference was organis¢d for sisters in December holidays &$ part of the Path to PoTadi5e
scheme.
- ApprOXim￿elY 30 boys took part in Fajr Knights winw ¢lwllenge during December holidays.
FINANCIAL REVIEW
Flnall¢l*l position
Total incomlng funds generated in the year were £407,948 (2023: £303,711) whilst total expenditure
amounted to £279,592 (2023.'£233.274) leaving a surplus of £128J56 (2023: £70.437) in the year.
Al the y¢ar C￿led 31st January 2024, reserves Carried forward were £2.490217 {2023.' £2.361.861) of which
£2.468.083 (2023.. £2.356.825) are unrestricted £22.134 (2023: £5.036) was restricted.
FIDan¢knls
Ann￿￿ Fees Charged between £120 and £588 per pupil for various class types.
- Total Income.. £95.465
- Total Expens¢s.' £102,590
- Voluntary ¢onlribuliOT￿.' £747 paid by parents in addilion to fees
- Sadaqah fundin& £1.389 of Sadaqah income was allo¢a*d loward5 fees for slru88]ing famili¢s
Reservtj policy
The charity aims lo maintain reserves sufficient to cover six months of expenses which equat¢5 10
Approximately £134,0￿ (excluding depreciation). Cash ￿ bank 8nd in hand at 31 January 2024 amounted to
£179,103, rhe tnk8lees Consider this figure to be below the stsndard they require knd are aciively pl4nning lo
raise the funds.
STRUCTURE, GOVERNANCE AND MANAGEMENT
GoverDID¥ doellmenl
The charity govemin8 d(￿UMen1 is a CIO foundatii)n m(thl ¢onstituiion re8iS*red with Charity Commission
on 17th August 2020.
charity is ￿ntrolled by its governin8 documenL a deed of In¥L constitutes & Charitable
IncoTPOTaled Organisation (CIO) as defined by Charities Act 2011.
Reerultme*t ald appolDtneDI of new trwte
New trusl¢es wi be apwinted from the existing paid Members of the T￿￿. MembeT willing to become
tTUStee shall have to submit the 'Tru￿teS Appointment Fonn" duly filled to the Trust Offi¢e which is then
considered for voting in the coming meeting of Trustee&
REFFRFNCE AND ADMINI￿￿￿TIVE DETAllS
Reglstered Cbarlty number
1190878
Prineipl Addrui
26A Mansfield Ro
Waltham5tow
E176PJ
Page 5

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024
Tryitees
Mohammed A R8zaq . Cbair
Alxlur Rehman Majid- Secretary
Syed Jam881 Rashid- Treosurer
Mohsin Vaid
Kamran Anwar
Imran Majid - Appointcd on 3Td March 2023
Mohsin Sheikh - Appointed on 14th January 2023
Independent Examlner
Anwer Patel, BA{Hons), FC& BFP
Prestons & Jacksons Partnership LLP
364- 368 CTanbrook Road
Tlford
Essex
IG2 6HY
371iila
Approved by ord¢r of the boaTd of on ..... . ... . . .
. and signed on its behalf by..
Trustcc
Hu hl¥M1414rJ F(tsh& i&J
Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
llldependeDt examiner's report to the trustees of Masjid Abu Bakr Waltham$tow
I report to the charity trust¢¢s on my examination of the accounts of Masjid Abu Bakr Walthamstow (the
Tn￿t) for the year ended 31 January 2024.
ReJpo•8Sblildes *ttd ￿lts of report
As the charity tTUStees of the Trnst you are responsible for the PTepaTation of the xcounts in accordance with
the requirements of ihe Charitie5 Act 2011 (the A¢V).
I rep)rt in respect of rny examination of the Trust's accounts C8Tried out undeT Section 145 of the Act and in
canying out my examination I have followed ail applicable Directio￿$ given by the Charity Commission
under Section 145(5Xb} of the Act.
Imdependemt eumln¢r'$ 8tst¢ment
Since your charily5 gross exceeded £250.000 your examineT MU￿ be a member of a lisied body. I
can confirn) thai l am quaiifi¢d lo Under￿k¢ ihc examination because l am a member of the Instiwte of
Chartered Accountants in England and Wales. which As one of the listed bodies.
I have completed my examination. I confinn no maleria] matters have come to my attention in
Connection with the examin4tion givin8 me ¢au5e lo believe that in any M￿en￿l respect:
counting records were kept in respect of the TTUSt as required by Section 130 of the Act. or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the forn) and content of
accounts Set oul in the Chartties (Accounts and Reports) Regulations 2008 other than any requiremenl
thal th¢ accounts 8ive a truc and fair view which is not a mattcr considered 85 part of an indepcndcnt
examination.
I have no concerns and have come across no other matters in connection with the examination to whi¢h
attention should be drnwn in this report in order to enable a proper undemanding of the accounts to be
re&hed.
Anwer Patel. BA(Hon$), FCA, BFP
Prestons & Jacksons Partnership LLP
364 - 368 CTanbrook Road
Ilford
Essex
IG2 6HY
Page 7

MASJID ABU BAKR WALTHAMSTOW
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2024
31.1.24
Total
funds
31.1.23
Tolal
funds
UnTestricted Restricted
fimds
fund
Notes
INCOME FROM
Donations
196351
66J33
262,584
206.132
Other Fundraising activities
Inveslm¢nt income
106.451
38,913
106.451
38,913
81.299
16,280
Tot*1
341.615
66J33
407,948
303,711
EXPENDITURE ON
Raising funds
4,704
4,704
8,902
Ch8rit*ble ac¢lvl¢l
Charitable Acivity
Support Cost
209,637
16,016
49235
258872
16,016
203.656
20.716
Tot*l
230J57
4933S
279.592
233.274
NET INCOME
111358
17.098
128J56
70.437
RECONCILIATION OF FUNDS
Total funds broughi forward
2J5A825
5,036
2J61.861
2,291,424
TOTAL FUNDS CARRIED FORWARD
2,46&083
22,134
2,490217
2,361,861
The tK)tes fomi part of these financial stat¢m¢nts
Pa8e 8

MASIID ABU BAKR WALTHAMSTOW
BALANCE SHEET
31 JANUARY 2024
31.1.24
31.1.23
Notes
FIXED ASSETS
Tangible ass¢ts
Inveslment propety
10
1884.418
675,IXXI
.894.117
675.0(K)
IS59A18
2,569.117
CURRE￿ ASSETS
Stocks
Cash 8t bank and in hand
12
4,259
90.900
179.103
182,414
95,159
CREDITORS
Amounts falling due within one ye
13
(251.615) (302.41 S)
NET CURRENT ASSETS
(69JOI) (207.256)
TOTAL ASSETS LESS CURRENT
LIABILITIES
2.490217
2,361,861
NET ASSETS
2,490,217
2,361,861
The notes form part of these fmancial statements
Page 9
ontinued...

MA￿ID ABU BAKR WALTHAMSTOW
BALANCE SHEET- condnued
31 JANUARY 21)24
FUNDS
Unrestricted fimds:
General fiwd
Revaluation Reserves
15
520,083
1,948.(KK)
408,825
1.948.0(N)
2A68,083
2J56,825
Restricted funds:
Restricted
22,134
5.036
TOTAL FUNDS
1490317
2,361.861
The fi
cial ststemcnls were 8pproved by th¢ Board of Tn)stees and authorised for issue on
. and were signed on its behalf by:
Trnstee
Truslec
The notes forn] p3rt of these flljanciaj statcrncnts
Pag¢ 10

NOTES TO THE FINANCIAL STATEMEYTS
FOR THE YEAR ENDED 31 JANUARY 2024
ACCOUNTING POLICIES
Basis of preparing tb¢ Iln•n¢h•l s¢*t¢m¢Dts
The financial statements of the charity, which is a public benefit entity under FRS 102, have been
prepared in a¢cordanc¢ with the Clwities SORP (FRS 102} 'A¢¢ounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordante
with the Firwicial Reporttng Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102)
(effective l January 2019),, Financial Reporting Stsndard 102 Tr Financial RetM)rting Standard
appli¢abl¢ in the UK and R¢publi¢ of Ireland, and the Charities Act 2011. The financial statements
have been prepared under the hi*orical cost conv¢nlion.
Statulory Imforniatio
Masjid Abu Bakr Walthamstow is a charitable in¢orFxirnted organisation (CIO) registered with
Charity Commision in England and Wales. The registered olrice address can be found at the
infollnalion page.
IDeome
All income is rttognised in the Statement of Fina￿1&1 Activilies on¢¢ the charity has entiilement to
the fund& it is probable that the income will be received and the amount can be measured reliably.
Donations are re¢o8nised when the charity receives them.
Madrasah fees are recwised on a receivable bL8is.
Rental income is reco￿1$ed on receivable basis.
ExpeDditure and irrerovèrlble vat
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
Immitting the charity to that expenditure, it is probable that a transfer of economic benefits will b¢
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
ac¢ounted for on an acen￿lS basis and has been cl&ssified under headings that a88regAte all cost
relot¢d to the ¢ate80ry. Where costs ¢annol be directly allrtbuted to particular hcadings they hve
been allLKaled to activities on a bLsis ¢on5isient with the use of Tesource5.
Irrecoverable VAT 15 charged against the ex￿mIltUre heading foT which it Was incurr￿.
Tangible fiied xsJet$
Tangible fix￿ a55els are staled ai historical costl OT on a revaluation basis (deemed c¢)si for land and
buildings) le￿ accumulaled impaiTment losses. hiS￿rical cost includes expenditure that is direcily
attributable to bringing th¢ asset lo the l(Kation and coThlition ne¢essary for it to be capable of
op¢tating in the marmer intend¢d by managem¢nt.
Depreciation is not Charged on the deemed value of land.
Depreciation is charged so as io allocate the costs of assets less their residual value over their
estimated useful liv¢s. wing ¢ith¢r a straight line or r&I￿1ng balan¢e method. as irmlicated below.
D¢pr¢¢iation is provided on th¢ following buis:
Property
- IYr• Straighl Line
Pag¢ll
continucd...

MA&JID ABU BAKR WALTHAMSTOW
NOTES TO THE FINANCIAL STATEMENTS - eontfinutd
FOR THE YEAR ENDED 31 JANUARY 2024
ACCOUNTING POLICIES- eottliDlled
Tangible flled *ssets
Planl and Machinery - 20% Straight Line
The assevs residual values. useful lives and depreciation meth(NJs ar¢ reviewe& and ￿jUSted
PTosmively if approprillte, or if there is In indication of a Si￿lficant change sin¢¢ the l&st reporting
date.
Investment property
Inveslment properiies are prowies that are held for financial gain. either through rental in¢om¢ or
capiial appre¢iat?on. Investments proF*rties are revalued and are stated al fair value.
Any gainsllosses on revaluation are transferred to the Revaluation R¢servc.
Stocks
Stocks are valued at the lower of CO￿ and rnjisable value. after making due allowance for
obsolete and slow moving il¢ms.
T*i8tlon
The charity is exempt from tsx on its charitable activities.
Unrestri¢l¢d funds ¢an be used in a¢¢ordance with the chariiable objectiv¢s at the discretion of the
trust¢¢s.
Restrieted funds c4n onIy be used for p8rti¢ular Testricted purposes within the objects of the ¢hari¢y.
Restriclions arise when specified by the donor or when are raised for particular restricted
purposes.
FurtheT explanation of the n8n]re and purp)3e of each fund is included in lh¢ notes to the financial
St&t¢ments.
GolDg eODcerD
The trustees consider the charity lo be able to witinue its operations.
The charity has a net Current liability ￿ on the balance sheei dale. The InLSte¢s are confident of
continuous suprx)rt from the Community. It is for this reason th¢ accounts have been prep4red on
going concem basis.
Page 12
continucd...

MASJID ABU BAKR WALTHAMSTOW
NOTES TO THE FIYANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 JANUARY 2024
DONATIONS
31.124
31.1.23
t)onalions
Gift 8id
224J99
38.185
201.298
4,834
262J84
206,132
OTHER FUNDRAISING ACTIVITIFS
31.1.24
31.1.23
Madrassah Fees
Shop income
95,465
10,986
76.788
4.511
106,451
81,299
INVESTMENT INCOME
31.1.24
31.1.23
Rents receivable
38,913
16.280
CHAIUTABLE ACTIVITIES COSTS
Direct
Costs
sUp￿rt
costs
Totsls
Charitable Acivity
Support Cost
255J18
3,054
16,016
258,872
16.016
255018
19,070
274,888
INDEPENDE￿ EXAMINERS, REMUNERATION
Independeni Examiner5, rejnuneration foT the year ended 315t January 2024 £2,000 (2023
£2,000)
Page 13
continued...

MASJID ABU BAKR WALTHAMSTOW
NOTES TO THE FINLNCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024
TRUSTEES, REMUNERATION AND BENEFITS
There wwe no tr￿￿ees. Temunerntion or othv b¢nefits for the yeaT ended 31 January 2024 nor for the
year ended 31 January 2023.
Trnjlees. expe￿eS
There were no truslees, ewnses paid for the year ended 31 January 2024 nor for the year ended
31 January 2023.
STAFF COSTS
31.ia4
31.1.23
Wages and salaries
143,793
129.598
143,793
129.598
The aveTage Monthly number of employees during th¢ year w&s &8 follows:
31.1.24
31.1.23
14
Charity aJ)d operations
No employees received emoluments in ¢xcess of £(A),il)O.
Trustces consider theM￿lveS to be key maftagement personal. There was no Tvnuneration paid for
these services.
COMPARATIVLS FOR THE ￿ATEMENT OF FINANCIAL ACTIVITIES 31.1.23
Unrestricted Restricted
funds
fund
Total
funds
COME FROM
Donations
179.477
26.655
206.132
Oiher Fundraising activities
Investment income
81299
16280
81,299
16,280
Tot*1
277.056
26.655
303,711
EXPENDITURE ON
Raising funds
8.902
8,902
ChArltsblt *etRvltles
Charitable Acivity
Support Cost
178,028
20.716
25,628
203.656
20.716
Tot*1
25.028
233,274
Page 14
continued...

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024
COMPARATIVES FOR THE STATEMENT OF Fll¥ANCIAL ACllVITIZS 31.123-
eontitiued
Unrestricted Restricted
fimd
Total
funds
NET INCOME
69.410
1.027
70,437
RECONCILIATION OF FUNDS
Total funds brought forward
2287,415
2,291,424
TOTAL FUNDS CARRIED
FORWARD
1356,825
5,036
2,361,861
10. TANGIBLE FIXED ASSETS
Fixtures
Freehold
property
fittings
Totals
cosr
At l February 2023 and 31 January 2024
1.953314
1S967
.969,181
DEPRECIATION
At l February 2023
Char8e for year
59,097
9,699
15,967
75,064
9,699
Ai 31 January 2024
6&796
15,967
84,763
NET BOOK VALUE
Ai 31 J8nuary 2024
lJ84418
IW,418
At 31 January 2023
1,894,117
,894,117
The Land value of £983.333 (2023.. £983.333) included in cost of laThl buildings which is not
deprecialed.
The amount of £1.884.418 (2023.. £1.894.1171 Incl￿ in the cost of18nd and buildings which 1$
related to revduation of freehold propety. this has been shown in the revaluation reserve included
in the general reserve.
Pa8e 15
continued...

MASJID ABU BAKR WALTHAMSTOW
NOTES TO THE FINANCJAL sfATEMENTS . ¢ontinu¢d
FOR THK YEAR ENDED 31 JANUARY 2024
IA. JNVESTMENT PROPERTY
FAIR VALUE
At l Febnwy 2023
and 31 January 2024
675.000
ET BOOK VALUE
Ai 31 January 2024
675JK)O
At 31 January 2023
675.000
12. STOCKS
31.124
31.1.23
Finished goods
3Jll
4.259
13. CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR
31.1.24
31.1.23
Other Creditors
251,615
302,415
The othcr creditors include £249.61 S {2023.. £298.415) 15 interest free loans from the community.
14. ANALYSIS OF Nfr ASSETS BETWEEN FUNDS
31.1.24
Total
funds
31.1.23
Tolal
funds
Unrestrictrd Restricted
runds
fund
Fixed assets
Investtnents
Currem assets
Current liabilities
1,884,418
675,IMJO
16028fy
(251,615)
1,884,418
1.894,117
675,000
675,000
182,414
95,159
(251,615) (302,415)
22,134
2.468,1)83
22,134
1490317
1361.861
Page 16
¢ontinucd...

MA&IID ABU BAKR WALTHAMSTOW
NOTES TO THE FINANCIAL sTATEME1￿s - continued
FOR THE YEAR ENDED 31 JANUARY 2024
I& MOVEMENT IN FUNDS
Net
mov¢ment
in fvnds
At
3111124
At IW23
Unrestricted fun
Gen¢r81 fill
R¢valuatii)n Reserves
408.825
1.94&1JIMI
111258
520,1
1,948,000
2￿56￿25
111258 2,468,083
Restrlcted
Restricted
S036
17,098
22,134
TOTAL FUNDS
2J61.861
128J56
2,490217
Net movement in fimds. included in the above are as follows:
Incoming Resources Movement
resouwes expended in funds
Unrejtrleted fuDdJ
Oeneral fund
341.615
(230J57)
111258
Restrlcted fuDdx
R¢strid¢d
66J33
(49335)
17.098
TOTAL FUIYDS
407948
(279,YJ2)
128?56
Comp*raefveJ for movemeD¢ ID fun
Net
movement
in funds
At
3111123
At If2Q2
Unrdtritted fllnds
General fund
Revaluation Reser4es
339,415
1,948.1)
69.410
408.825
1,948.01)0
2287,415
69,410
2,356,825
Re8trleted funds
Restrid¢d
1.027
5.036
TOTAL FUNDS
2291.424
70.437
2.361.861
Page 17
continued...

MA&JID ABU BAKR WALTIIAMSTOW
NOTES TO THE FINANCIAL STATEMENTS- ¢oDtinvd
FOR THE YEAR ENDED 31 JANUARY 2024
15. mOVEmE￿r IN FUNDS. eontlDued
Comparaliv¢ net movement in fimd4 included in the alx)ve are as follows..
Incoming Resources Movement
resources
expended
in funds
Unrestricted
General fund
277.056
(207.646)
69,410
Reytricted funds
Restricled
26,655
(25.628)
,027
TOTAL FUIWS
303,711
(233.274)
70.437
AD*tysls of Rejtrlettd R¢Rrves ¢4rrkd forward ￿ it 31$t J*n•4ry 2024,
31.12024
31.1.2023
Funds:
Amoumt {£) Amount (£)
S*diqh*
22.133
5,036
16. RELATED PARTY DISCIAISURES
There were no related pHty transactions foT the year ended 31 January 2024.
17. CHANGE IN LEGAL STRucfuRE
As outlined from parawh 27.14 of the SORP. Masjid Abu Bakr (previously r¢gi$t¢r¢d UDd¢r Charity
number 1145777). has registered as a Charilable Incorporated Organisation (CIO) under 8 new charity
number 1190878 on the 17th Aug 2020. The entity is now kmwn 4$ Masjid Abu Bjkr WAltham$tow
which siarted trading ￿ from 1st February 2023. The charitable objectives remain unchanged and all
sets and liabilities were tsken over by the M&sjid Bakr Walthamstow.
The current y¢arfs figure represent the merged figures for the year ended 31 st January 2024. The
comparative figure5 relate to the old ¢harity.
Page 18

MA&TID ABU BAKR WALTHAMSTOW
DETAILED STATEME￿ OF FIYANCIAL ACTIVITJES
FOR THE YEAR Ehl)ED 31 JANUARY 2024
31.1.24
31.1.23
JNCOME
DoD*tioDJ
Donations
Gift aid
224J99
3&185
201,298
4.834
262,584
206,132
Other FuodralslD¥ *¢tivlti¢J
Mmdrwah Fees
Shop
95,463
10,986
76,788
4,511
106,451
81.299
IDvestm¢Dt In¢om¢
R¢nls receivable
38,913
16.280
Total In¢omln8 resources
407,948
303.711
EXPEND￿uRE
Raljlthi donx¢lons #nd Iw¢l
Events Costs
3,757
260
Other tr*dln8 #ctivllks
Purchases
947
8,642
Charltsble •ctfvliles
Wages
Books & Madressa related Costs
Sundries
Donation- House Project India
Sadaqah Donations
Depreciation of t4ngibl¢ fix¢d &8sets
143,793
49236
3,855
129,598
32,301
1,123
5,307
25,628
9,699
49235
9,699
253￿18
203,656
Support eosts
M8nagemeDt
Insurance
Light 8nd heat
Carried forward
1,804
S596
4,128
5,929
This pa8e does not forni part of the statutory financial stakments
Page 19

MA&IID ABU BAKR WALTHAMSTOW
DETAILED STATEMENT OF FINANCIAL A￿1VITIEs
FOR THE YEAR EIWED 31 JANUARY 2024
31.1.24
31.1.23
MaD*gemeDt
Brought forward
Postage and stationery
Cleaning Materials
Furnilure & Equipment
Repairs & Renewals
CCTV, ICT & Audio
5,929
2.293
2,674
615
3.217
1,239
994
2￿54
2,787
1.416
J6,016
15,967
Governance Colts
Ind¢pendent exarninevs fee
Legal fees
2,000
1.054
2.749
3,054
4.749
Total resource5 expenikd
279592
233,274
Net incomt
128J56
70,437
This page does not fomi part of the statutory financial statements
Page 20