REGISTERED CHARITY NUMBER: 119D878 rt of th¢ Tntst temen for the Yc4r l Janua 2025 for Pre*oDS & jackLS Partnership LLP 364 - 368 Cranbrook Road llford Essex IG2 6HY
Contents of the F. als Report of tb¢ Trustees I to 5 IDdepeodent Exwninetr8 Rcport Statement of Financial Activities Balan¢¢ She¢t Notes to the Financial S¢atem¢nts 10 to 17 D¢tailed Statnent of Financial Activitie8 18 to 19
id Abu Bakr Walthamstow rt of the Trustees for the Year Ended 31 Janu 2025 The trustees pr¢s¢nt their report with the fmancial statem¢nts of th¢ ch8rity for the year eDded 31 January 2025. The tTU8t¢es havc adopted the provisions of Accout)tin8 and Reporting by Chariti¢$: Statement of Recommended Pra¢ti¢¢ applicable w chariiies preparing their accounts in accordance with the Financial Reportin8 sIdard applicable in th¢ UK and R¢pvbli¢ of Jrelalld (FRS 102) (cffective l January 2019). ChalrmAn's Report Ill the name of Allah. the gracious And mosi mer¢ifvl. By the will of Allab, we the marLag¢ment committee are honoured. with another year of serving the Masjid and our community. Alhamdulillah, this year ha8 been OD¢ of great PTo8f¢88 and blessings. On 24th Aprll 2024. with the help of Allah and the unwavering support of our cou¢¥allon, the Masjid successfijlly purchased and received the keys to Hou•¢ 2( n¢xl door to the Masjid. This marks a bi5toric milestone for our wmo)unily. This achievement would not bav¢ b¢¢n possible withoui tbe incredible generosity, sacrifice and commitment of our worshippm. From Ihosc who don8led generouslyi to thos¢ wbo fundrnised tirelessly. lo cvery bToth¢r and sister who gave whaver they Could for the s&k¢ of Allah - this is ttuly your success. May Allah reward you all abundantly and mak¢ this 8adaqah jariyab (¢onlitiuou5 charity) for you and your familie8. Securing House 26 has always been a lon84ern] vision for the Ma8jid. From thc ¢aTly day6 of the ¢s¢ablishin¥ of the Masjid. House 24 was pur¢hase¢L then to puwhaK 27 Soll)ers Road during the Covid peTiod, the communities eyes and hopes remained on the proptrty ttext door. With Allah's help. and the dedication of this ¢oJJ)munily that dream has now become Teality. The acquisition of this hou will allow u8 to expand our 8erYices furth¢r. in porticular by developing dedicated factlitics for our si8ters, ensuring that the women of our communiry h8ve the space, Comfort and opportunities they deserve. We beli¢v¢ this will belp strengthen family and community bonds and create more inclusive opportiinitics for le4mill8 and 8Piritual growth. Looking ahead, th¢ focus will be on plaDnin8 and preparing the next pbase of d¢lOPMent. ¢n8urin8 that the property 18 used to its full potential iti service of Allah and His d¢en. We pray that logether, with continued unity and Sincerity, we will achiev¢ this goal in the Dear future. On behalf of the trustees and the manag¢m¢nt, l ut¢nd tny beartfelt tide to everyone who ha$ 8UPPOrted the Masjid this past year. May Allah your ¢fforts. protect our community, and enabl¢ us to Continue serving for 8enerations lo come Mohammed Aslm Ratsq Pagc I
Mas id Abu Bakr Walthamstow rt of the Tnte£S for the Year Endal 31 Jan 2025 OBJECTIVES AND ACTIVITIES Objettlves, Alms and Pubuc Benefits RELIGIOUS ACTIVITES Prayer facilitl Masjid Abu Bakr offers a wide range of re8ular aetivitie8 and Services to catcr for the div¢rs¢ needs of our ¢OtiimuDlty. B¢in8 ID a prime IrallOn for ppIC who aTC working or sh¢)PPiDg in town centre. w¢ aim to keep our doors open for Fajr and then from 9..30 10 the last praycr of the day. fAha. Detsils of services that tske place throughout the day ar¢ detsiled below. Addili0tt8lly, we alway8 understand the need to hav¢ a member of staff or voluDteeT on 8ite who can be approached ¢0 assist YOU ID your needs. The Masjid call accommoda up to 5(X) worshippers within its buildi08 aJMI when needed utili8es th¢ op¢n courtyard spac¢ to ac¢ommoda additional 200 people. Flve DAlly PrByen Masjid offeTS 5 daily con8re8ational prayers lead by Maulana lIu7aTfa and Maulatta Mohan)med More¢a. The timing of ¢ach salah can be found on the yearly c¥l¢ndaT, monthly Ncw8lclteT, Masjid's Website, Phone app sh a8 and My mosque and M85jid Timetable and t(x) Can be found displayed iti tbe main hall clock. We provide audio 8tr¢am of the pray¢rs so that all could 8till benefit from listenin8 IDIO th¢ 8ttvice. Jllmuah Prayeri Jumuah beiDg the busiest lim¢ of the weeK Masjid provide8 2 aervices to acOl0da¢C the Dced$ of locals and those wbo are working or travellinB in Walthamstow Ccntral. Masjid courtyard is U8¢d to avoid worshippers from Praying on oulsid¢ footpaib. On Avera8e. over i.¢X)O people attend th¢ Friday afternoon prayer and ber11 from English lecture (Bayaan) followed by Khutbah in Arabi¢ and then Salah. Month Of Ramada Ramadan b¢in8 the most bless¢d month draws nM)re wor8hipp¢r5 than any other month. To benefit the iar8e numbers of people att¢ndin8 during thesc blessed days. daily Dais lesson$ were delivered by Imams and special guests to educate people on aspects of Deen and to increase one's Imaan. We w¢r¢ fortunate to have Mufti Abdur Rahmftn ibn Yusuf Mangera deliv¢ring tslks througboui Ram8dan. R¢8ul8r remiDd¢rs were mAde lo tackle noise ie$ w)d all worshippers wcrc advised to avoid parking on Mansfield Road. We aim to work Closely with th08c worshipp3 and neigbbours lo resolve the aFK)v¢ issue. Eventi & Cla$8ei for WomeD - Tafseer Ul QulaD & Tajweed (Urdu) every Monday from 10-12 - Tajweed & Bukhari Share¢f (Urdu) every Tuesday from 10-12 - Juwa Me Ulkalam (Urdu) Bukhari Dars ¢very Wednesday from 11-12 - Tafseeer in English E2:30-1..45 every Saturday - Afternoon spiri81 retreat (English) every last Sullday of tbe moath frotn 4 - Sist¢TS & Children Eid Funday Saturday 23rd July 2022 1-6. - Every Sunday in Ramadhan.. Ramadan Qur'an Drop-in Sessions 3.'30-5:30 . Monday to Thurthy ¢v¢ry week in Bnada0.. Ramadan Dars ¢ Quran (Urdu) Page 2
Bakr W for th Year Ended 31 Janu 2025 . Every Swmlay in R)lld. RanJa(kn Qall Lk(pin Se88ions 3.31>5.30 bllc benefit The trustees confrmed thry bav¢ had Tewd to the Cbarity Commwionl guide onpubli¢ benefits. Cbarltable #¢dvltie4 m8h Thi8 year 18 & new pba8e for u8 to the Curriav baving full course. W¢ ar¢ at the beginning Btage of eJtsbliJhin8 a trcnage syllalML8. InslthAIIth we wisb to Jee Sonx fltiOn not lettst in tern)s of young illdividua]s deep diving into advan¢¢d blwnic studies tewus ¢rntributiDg to ¢4ty roles. Stsilltlu We bad 3(Kl Students by end of July 2024. 63 DCW Aud¢Dts enToll¢4190 stthts left duritig or at the end of year. Student att¢ndan¢e wa8 84% and pmnctuatity was 96% at the end of2024 ademi¢ year. Exam results OV¢Toll average was 64Yo. CurrkulA & Stsff Updats• A weckcnd 181omi¢ DÈplom& course was as an oppthity for Mthas&b Iver8 to further their studie in Ar8bi4 TAf8ccr, HAdc<th, Fiqh and Aqe¢d A 8Pt¢iAI ?ath to Par18¢, Suad&y youth scheme for was launched for tern) ¢irne. 3.Day clas8e8 were extended for All Dew 8tudettts joining the y(Ringes¢ ¢lasKJ. Thii to en8urc that 8tud¢nt6 who are already enrolled get prIlty lo remain in Sthy clas8e& This also cateral for p8reDts' requests to 8ive Juced day8 to youn8 ¢bildr¢¥A wbilst they 8ettle in. Arabic lan8ua8e trial coutse was replaced with m7Th&h Arabic reader for a 8tru¢turcd approach. This Bubj'ect continued for one rArticular Age youp of iw a1 8irls. EveAts & Aeliviti October H4lf.Tern) WorkshoplA¢tivity Day Prnts, Evcnitig Charity Competition for Ba]kan8 Unitylculturnl Event for Girfs in Walthamth Aca(kmy Boys, Y¢)uth Ev¢nts De¢eDth¢r Fajr Knights 2181 Cenrury Muslim Awards Cw¢mrny Sports, Day in Lloyd8 PArk over 2 sepatate day8 for boy8 and girls Annu41 Feu CharBed betweell £120 a1 £6(XJ w FA11 for various class tyFg. - Totsl Jncome: £118,101 - Totsl Exp¢n8¢8: £130,479
Mas id Abu Bakr WaIth8mstow rt of the Trustee$ for the Year Ended 31 Janu 2025 Trlhnei#l poltio Total Inco8 fimds gellerat in the year w¢re £471.971 {2024: £407.948) wbilsl total expeDditur¢ amounted to £274,981 (2024..£279.592) leaving a swplus of £196.990 (2024.. £128.356) in the year. At the year ended 31st January 2025. Te8erYe8 earried foTward w¢r¢ £2,687.207 (2024.. £2,49¥).217) of which £2,677.666 (2024.. £2.468.083) are UDf¢8trithd and £9,541 (2024: £21134) was rutrict&t RerveS pollcy The clmrity aims to nillIa1 ruerYe8 suffi¢i¢nt to Covtr six Dwnth8 of exrKnsc8 which equates to opproxima¢ly £134.(NXI (ex¢luding dewxiation). Cosh bank and ID hand at 31 JDuary 2025 amounted lo £144.805, the trustees consider this figuft to b¢ beknv th¢ slandard they rryuire are actively planning to rni8¢ the fimd&. STRucrU GOVERNANCE AND MANAGEMEI GoYernlDg do¢urn¢nt The charity gov¢rnmg dOCut is a CIO fouulAti(m ¢onstitution regist¢r¢d with ChArity CojDmi88lOll Ixi 17th August 2020. The chaTity ]• rAintrolled by its gov¢rniDg docu1 ¢imtitutes a Clmrilable IwryxxAteJ Or8ani8ation {CIO) a8 derm by ChAritie4 Act 2011. Recryltment and appol•thmeDI ofnelv trnrtee• Member willing to become trust¢¢ shall hav¢ to submit the 'Tru8tee8 ApN)inttMit Forn). duly filled kn the offi which ia then Consider for votiD8 ID the corni Dwetin8 of Trustees. REVERENCE AND ADMINISTRATIVE DETAIIS Re¥knt¢red Chrlty Mllmber 1190878 Princ1p addre 26A Mansfield Road Walih4DJstow E176PJ Trwttt• Abdur R¢bmJn Majid. Secretsry Mobsin Vaid _ Treasurer ttnratk Majid Mohsin Sheikh Syed J4D)uJ R88hid Page 4
REPORT OF THE TRTE¥S FOR THE YEAR ENDED 31 JANUARY 2025 .- •lld atp*d its ithalf by.. HcMIwtr4fi0
l T¢port tkn cb*ritythuttt8 on my of thE accounts of hti#iidAbu BAkT (the Thwt) frxthe athd31 Jmu•ry2025. Se£tim 14¥5Xb> of th#A( 364. 368 Ro I 6HY
Mas id Abu Bakr Walthamstow tement f Financial Activities 31.1.25 Totsl fund$ 31.1.24 Totsl funds unrrI Restricted furlds fimd Note¥ INCOME FROM Donations 176313 161.171 337J84 262.584 Other Fundraising activities ]nves¢ment income 106,865 27,722 106,865 27.722 106,451 38,913 Total 310NNI 161,171 471.971 407,948 EXPENDITURE ON Raising funds 3J48 4,704 Ch4rltablt actlvltl Ch&rilable Acivity Support Cost 226.439 10,437 226,439 45394 258.872 16,016 34057 Total 240.124 34057 274.981 279,592 NET INCOME TraD8f¢ri between fun 70.676 138,907 IW14 {1907> 196.990 128,356 15 Net movement In fund• 209W3 (1¥93> 196,990 128.356 RECONCILIATION OF FUNDS Tolal fund8 brought forward 2,46&083 24134 2.490,217 2,361,861 TOTAL FUNDS CARIUED FORWARD 2,677,666 9J41 2,687307 2.490,217 The notes fomi part of these financial ststements Page 7
31 Janua 31.1.25 31.1.24 Not¢s FIXED ASSETS Tllngible ass¢ls lllvestm¢nt propkny io 2,434,719 675,000 1.884.418 675.0 3.109,719 2,559.418 CURIiENT ASSETS Stocks Cash al bank and iti hand 12 4,168 144005 3,311 179,103 148,973 182,414 CREDITORS Amounts falling duc within one r 13 {571,485) (251,615) NEI. CURRE1 ASSETS (422,S12) (69,201) TO'TAL ASSETS LESS CURRE LIABILITIES 2,687J07 2,490,217 NET ASSETS 2,687207 2,490,217 The notes forni part of these financial stalements Page 8 Continued...
BALANCE SHEET- tODtinBed 31 JANUARY 2025 15 Unrestricted fijnds: General fund Reva]uation R¢s¢rves n9J66 1,94&0 520.083 1,948.000 2,677ffj66 2.468,083 Restricted fill5. Restricted 9J41 22,134 TOTAL FUNDS L687207 2,490.217 ¢n¢s were approved by the Bo•d of TTUStetS ond aU%lS¢d for i$sue on Y¥.l.L.kf&.g........ and were 5]d on its behalf by: TruCe Tntstc¢ )F&AmM£P t4 Si rn R4 Th¢ notes forni part of the fmancial ststements Pw9
Mas 'd Abu Bakn Walthamstow Notes to the Financllal Ststcftnents for the Year Ended 31 Janu 2025 AccouNfiNG POLICIES Ba• of preparlng the statements The financial ststements of the ¢harity. which is a public benefit eDtity under FRS 102, have been prepared in accordance wiib tbe Charilies SORP (FRS 102) 'AccouDtin8 aod Reporting by Charitie8'. Ststem¢nt of Rfcommended Practic¢ app]ible to charities preIng their acwunts in accordance with the FiDan¢ial Reporting Standard applicable in the UK and Republic of ]r¢land IFRS 102) (efftIyc l January 2019),. Fitian¢ial Rwrtin8 Standard 102 Tbe Financial RewrtiD8 Standard applicable in the UK and Rq>ublic of Ircland. and th¢ Cbarities Act 2011. The fitwicial slatm¢ntB have been prepared Under th¢ historical (x)sl CODventioo. St4lutory Informatlon Masjid Abu Bakr WaTthatLsIow i$ 8 Charithble incoTporat¢d or8ttnisation (CIO) re8iStwed with Charity CojnmisioD in Engl&lld and Wales. The r¢8islered officc addr¢88 be foulld at the infornlI0ll pag¢. IDeomt All illcom¢ is reco8Di8ed in the Statement of Financial Activities once the charity has enlitlmient to the funds. it 1$ probable that the iDcome will be re¢¢iv¢d and the amouot can be n)easured r¢liably. DoDalioD8 are r¢co8niscd when the charity recei$ thellL Madrasah ftts are [¢¢Ised on a r¢ttivable ba8iS. Rental incorne 18 r¢co8Di8¢d on rt¢eivabl¢ buis. Expendhur¢ nd ATre¢ov¢rible v•t Liabilitie4 are regnised as expenditure a8 soon as there 18 a le881 or COD$lru¢tive obligation committing the charity io that expenditure. it is probable that a ITansfer of economic benefits will be required tn settl¢melll and the amount of the obligatiojj can be measured reliably. Exp¢ndilur¢ 18 occount¢d for on an a¢crua15 ba818 and bas be¢n classified under headiD8S Ibat a88re8ate all cost relatsd lo the cat¢80ry. Wh¢re caonoi be directly attribut¢d trj particular headiD88 they have been alloted to a¢tivitic8 on & basi8 CQQBiStent with the use of resour¢rf. Irrrfov¢rable VAT 18 tharged a8a]D the expenditure headin8 for which it wa5 incurred. Tallglble flxed amtts TanBible fixed a8S¢t8 are stated at histori1 cosv or on o revahtIOn basi8 (deemed cost for land aDd building8) less accuwvlaied impaiTtD¢Dt IoB8es. hi8tori¢al ¢0st iticludes expendire that is directly attributable to briowng th¢ asset to the IrKation and conditioll O¢V8sary for it to b¢ capable of op¢ratitig in the maDn¢r iotended by maDa8ciiieDt. De]#1]0 is I1 chty OD the deend value of land. Depreciation 1$ char1 as to allocate the costs of aw le88 their reyithlal value over tb¢iT esiio)at¢d usefi]I live4 using either a strai8ht line or reducing baIan¢e method. 88 indicated below. Dwlation 18 provided on the following basi&. - l•/0 Strai8bt Line Pa8e 10 ni]nuL..
buB Notes to the Financial Statements - co f rtheYearEnded31 J ACCOUNTING POLICIES- contlDued Tanglble fixed assets Plant and Machinery - 20•/0 Straight Line Th¢ ass¢t'5 T¢sidual value8. useful live5 and dcpreci¥tion m¢thoth re reviewe4 and 4djust¢d prospectively if appropriate, or if there is an Indi(10n of a si8nificanl cballg¢ since the last reportitl8 date. IDve¥tmeDt property tnve51ment prop¢rtie$ ar¢ properties thal ar¢ beld for fmancial gain. either througb rental iDcome or capitsl appreciatiOD. lttvestments prop¢rties are revalued and ar¢ stst¢d at fair value. Any gainsllosses on revaluation aTe transfeTred to the Revaluation R¢s¢rve. Sto¢ks Stock8 are valued at the lower of c081 and n¢1 r¢alisable value. after making due allowance for obsol¢le and slow movin8 Items. TaxatloD The chariiy 18 exempt from tsx on its clwitable activities. Fund eeoundA8 Unre8trict¢d funds Can be used in acCe with the chgritable objectiv¢s at the di8cretion of the tru4t¢e8. Restricted fid$ caD only be u*d for particulor r¢5tricted purposes within tb¢ obje¢ts of the charity. Restrictions arise when specified by the dottor or wbeD funds ar¢ Tai5ed for particular T¢8tri¢ted purposes. Further ¢xplanation of the nature and Purpose of each fimd 18 included in the notes to tbe financial statement8. Golng Concern The trusi¢e5 consider the charity ty be able to continue its operation& Th¢ charity has 8 net currcnl liability as on the balanu 8bc¢t dat¢. The trust¢e8 ar¢ Gonfident of continuous 5UPPOrt from the Conuuunity. It is for this reason th¢ aOlIS have been preparcd on 80in8 cotscern basis. Pagell Ontinu...
idA u Bakr Wal otes to the Financial Statements- (x)ntinued th Year End d Januarn, 2025 DONATIONS 31.1.25 31.1.24 Donations Gift aid 305J38 32,046 224.399 38.185 337J84 262.584 OTHER FUNDRAISING ACTIVITTES 31.125 31.1.24 Madra$8ah Fees Shop incom¢ 96,459 10,406 95.465 10.986 106,865 106,451 INVESTMENf INCOME 31.1.25 31.1.24 Rents receivable 27,722 38,913 CHARITABLE ACTIVITIES COSTS Direct Costs Support costs Totals Charitable A¢ivity Support Cost 221.182 2927 5257 15,467 226,439 45394 251,009 20,724 271,733 INDEPENDENT EXAMINERS, REMUNERATION Independenl EXninerS. remuneration for the year ¢nded 318t January 2025 was £2,500 (2024 £2.320) Page 12 ontinueA...
Mas id Abu B8kr Walthamstow Notes to the Financial Ststements- conlinu for the Year Ended 31 Januarv 2025 TRUSTEES, REMUNERATIOI¥4 AND BENEFrrs Th¢r¢ w¢re DO trust¢e8' remun¢rntion or other benefits for tbe y¢ar ended 31 January 2025 nor for the year ettded 31 January 2024. Trusteei, expeDJ¢• Th¢r¢ w¢r¢ no trust8, ¢xpeDSCS paid for the year ended 31 January 2025 nor for the year end 31 January 2024. STAFF COSTS 31.1.25 31.1.24 Wages and salarics 163,114 143,793 163,114 143.793 The average monthly number of ¢mployee8 during the year was as follows.. 31.1.25 15 31.1.24 18 Cbarity and (werationx No cmploye¢8 r¢ceived emolumen18 in cxcws of £60,(JXI. Tru8tees consider themselves to be k¢y management personal. Tbere was no r¢muncrJtion p&id for these service8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.1.24 Unrestricted Restrict fund Totsl funds INCOME FROM DonatlOn8 196.251 66,333 262.584 Other Fundrai8in8 activitie5 ]nvestm¢nl income 106.451 38.913 106,451 38,913 Total 341,615 66,333 407,948 EXPENDITURE ON Raisin8 4,704 4,704 Ch*rltAble actlvldes Cb8ritable Acivity Support Cost 209.637 16.016 49.235 258.872 16.016 Totsl 230,357 49,235 279,592 Pag¢ 13 continu...
Èd Abu Bakr Walthamstow otes to the Financial StAtements - continued for th Ended 31 Jan , 2025 COMPARATIVES FOR THE STATEME1 OF FINANCIAL ACTIVITIES 31.124- continued Total fimds NET INCOME 111258 17.098 128,356 RECONCILIATION OF FUIWS Totsl funds brought forward 1356,825 5,036 2,361.861 TOTAL FUNDS CARRIED FORWARD 2,468,083 22,134 2,49),217 10, TANGIBLE FIXED ASSETS Fixtures Freehold PrOY fittings Total COST At l February 2024 Addilions 1.953,214 15,967 1,969,181 560,000 At 31 January 2025 2A13314 15,967 1529,181 DEPRECIATto At l February 2024 Char8¢ for year 68,796 9,699 15,967 84.763 9,699 At 31 January 2025 7&495 15.907 94,462 NET BOOK VALUE At 31 January 2025 1434,719 2,434,719 At 31 January 2024 1.884.418 ,884,418 Th¢ Land value of £983J33 (2024.. £983,333) itichthd in cost of ljnd and buildings wbicb is nol d¢preciat¢d. The arnounl of £2.434.719 (2024- £1,884,418) included in ¢be cosl of land and buildings which is related to revaluation of the freehold property, this has been shown in the revaluation reserve includ¢d in the 8en¢ral resu. Page 14 continu...
Mas id Abu Bkn Walthamstow 'al Staternents - ars, Year En 11. INVESTMENT PROPERTY FAIR VALUE At l February 2024 Dd 31 January 2025 675,01)0 NET BOOK VALUE At 31 January 2025 675,000 At 31 January 2024 675,000 12. STOCKS 31.1.25 31.1.24 Finished gryjds 4,168 3,311 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.25 31.1.24 Other edIto 571.483 251,615 The othv creditors include £569,305 (2024.. £249.615) is interesi free loans from thc WDmunity. 14. ANALYSIS OF ASSETS BETWEEN FUNDS 31.1.25 Total funds 31.1.24 Tolal fimds Unrestrictal Restricted fimd Fixed assets Invcstmcnts Current assets Current liabilities 1,953214 675.000 51.632 (2,180) 48105 2,434,719 675,IKIO 97J41 148,973 (569JOS) (571,485) 1.884,418 675,0(Ki 182,414 (251,615) 2.677 9J41 2,687,207 2,490217 Page 15 Lu)ntinued...
as idAbuB althamstow to the Financial Statements - con uarv 2025 15. MOVEME[ IN FUNDS Net Transfffg rnov¢ment between in funds At 3111125 At 112124 UDrestrlcted funds Genera] fund Revaluation Reserv 520,083 1.94&Th 70,676 138,907 729,666 1,948,1N)O 2.468.083 70,676 138,907 2,677,666 Re8trl¢ted fnttdi R¢stri¢ted 22,134 126J14 {13V07) 9,541 TOTAI. FUNDS 2,490317 196.990 2.687.207 Net movem¢DI in funds, included in the above are a8 follows: InmIng Resource8 Movement resources expended in funds UnreBtrlcted fund• General fund 31000 (240.124) 70ffi76 Restrlcted funds Restricted {34,857) 126J14 TOTAL FUNDS 471,971 {274,981} 196,990 ComparAtlvu for movement In funds Net movcment in funds At 3111/24 At 112123 Unrestrlcted fund• GenerAI fund Revaluation Reserv¢s 408,825 1,948,(MX) 111.258 520,083 1,948,(K)O 2.356,825 111258 2,468.083 Restrlcted fundi Restricted 5,036 17,098 22,134 TOTAL FUNDS 2 J61,861 128.356 2,490.217 Page 16 continued...
to Financial Statem End 15. MOVEMENT IN FUNDS- continued Comparative net mov¢m¢nt in fimd4 iD¢luded in th¢ abov¢ ar¢ a5 follows". Incoming Resources Movement resources expended in funds Unrestrlcted funds General fuDd 341,615 (230,357) 111,258 Restrleted fuDd8 R¢stri¢t¢d 66.333 {49,235) 17,098 TOTAL FUNDS 407.948 {279.592) 128,356 AnAlyils of Restrl¢ted Reserves errltd forwArd at 3111 JiDu•ry 2025. 31.1.2025 31.12024 Fmndi: Amovnt (£) Amount (£) S4d#qh 9¥1 22,134 9,541 22,134 16. RELATED PARTY DISCLOSUKES There were oo r¢lat¢d party transaclions for the year ended 31 January 2025. 17. CHANGE IN LbGAL STRUCTURE As outlined from para8rapb 27.14 of the SO1. Masjid Abu Bakr (previou81y regist under chaTiIy number 1145777), h85 registered as a Charitable Incorporated Organisation (CIO) under o n¢w charity oumb¢r 1190878 on the 17th Aug 2020. The entity is now known as Masjid Abu Bakr Walthamstow which started trading as from 1st February 2023. The charitable obj¢Gtiv¢s remain unchaD8ed and all assets and liabilities We taken over by the mJid Abu Bakr Walthamstow. Page 17
akr Wa] ement f Financial Activi arv 31.1.25 31.1.24 INCOME Doll•tlon6 Donations Gift aid 305038 32,046 224.399 38.185 337J84 262,584 Other Fundralilllg aetivltles Madrassah Fees Shop income 96,459 10,406 95,465 10.986 106J65 106,451 lllvtstment Income R¢n¢8 receivable 27,722 38,913 Total Ineoming re8our¢e• 471,971 407,948 EXPENDITURE Ralsln8 donatloD8 and legAde• Events Costs 3,015 3,757 Other tradlng artlvltl Purcba8¢6 233 947 Cb*rlt4ble Acdvltlei Wages Books & Madressa related W$¢8 Sundries Sadaqah Donations DrecIatIon of tangibl¢ fixed assets 163,114 46J30 2.039 29.827 9.699 143.793 49,236 3.855 49,235 9,699 251,009 255,818 Support eoiti MaDagement Insurance Light and bcat Postage and stationery Carried forward 2,040 1.493 2,526 6,OS9 1,804 5,596 994 8,394 This pagc does not forni part of the statutory financial statements Page 18
Mas id Abu Bakr Walthamstow Detailed Statement of Financial Activities for the Year Endaj 31 Janua 2025 31.1.25 31.1,24 Management Brou8bi fonvard Cleaoing Materials Furniture & Equipmcnt Repairs & Renewals ccrv. ICT & Audio 6,059 3.735 839 5.435 1,439 8.394 2,554 2.787 865 1.416 17.507 16.016 Govern*n¢e ¢osti Indep¢ndcnt ¢xamiD&s fee Legal fees 2,0(X) 1,054 717 3217 3.054 Total resour6 exp¢nded 274.981 279,592 iyet Income 196.990 128.356 This page does not forni part of the statulory financial statanents Page 19