2023-03-31-accounts

THE WALTHAM FOREST ISLAMIC ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Chawlty H￿ber 270323

THE WALTHAM FOREST ISLAMIC ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CONTENTS PAGE Members ￿ the Board and professional a¢kn'sers TTu¥lee$ Annual Report 2to4 Independent audilols report to the members 5t06 Slalement of financial a¢tivitie$ Balance sheet Cash flow 5talem8nl Notes to the financial statements 10t016

THE WALTHAM FOREST ISLAMIC ASSOCIATION MEMBERS OF ThE BOARD AND PROFESSION￿ ADVISERS Regi&tsr•d ch•rlty rm• THE WALTF14M FOREST ISL￿11¢ ASSOC14TION Cbarfty ThUm￿r 270323 Addwe8S 439451 lea Bridoe Road l8￿n E107EA Ex•Euti¥o rn4nauofflgmt¢ommMtsO MrChAbdul Mojid Mr Raja Aamlr H¥tsb Ilr Raia Mohammèd I￿8$ fians￿r Ramzan Mr RamzanAbrdhim Alr H8fizAI Akb•r MrNisBrNhrned IPtgsid8nti (ViEe Pre5idonO IGonor81 Swrotsry) IA5￿518￿tGene1￿I SIu8ry) (Troasurerl Trta$urerl (Chainman Srove Rood) Commth• rthèmb8rn MrGhukm E Haid91￿1 ArS3iid MahmorAI 8utt Ch NrArAhm#d K4rTari4 MshffKoJ Mrlrfan Khal Mr Ch Saqib Hu¥ssin MrGhulsm M￿?[9 Ab Mr Nadeern Ramn Accwntsnts g Solubon Lld 37 YO￿ R￿￿ Ilford Essex IG1 YAD PrimèraAecouri*)l$Lld st8lutoryAudrtor 1st Floor, 5pts1f￿d5 +bus¢, $brting Way. EorthamThd HarWordshir8 VVDS 2FX 8dnkws Barclays BankPI¢ Z78 Hoe Street W81th8rnStow Loidon E17 9QE Pa8el

THE WALTHAM FOREST ISLAMIC ASSOCIATION TrUSTEES A14NUAL REPORT FOR THE YEAR ENDED 31 PAARCH 2023 Th8lru8ts88 pr858nt Ihoir r•port and the thanlial slatwnents of the charTtyIcTtr yearenijed 31 Morch 2023. Rèf•Mne• and admlnl8tratlv• d•taS W8tth8m Forest I¥￿1¢ASS0￿atioTr ¢h•rlty rngl•irnikn nwnbor. 270373 Prfnolpal office.. 439451 Le? Brid3• Road London E10 7EA Th8 trust888 who 58ThEd th8 eharity during th• period were as follc•J5.' Mr Ghaz8nfar Hu¥¥ain Mr Imran Razzak Mr Mahboob Syed Akmar Has6an Structur•. go¥eman¢• and rnan•g•mgnt Gov•ming Do¢ument Tho thJrityis govemed by8 tonststuiirjn 8dopled In May 19758Tr118¥t upl4ted 2021. Tr IrLLSteeg #red￿tsd ftlWts orK1 are ex-officlo merrter8 ofthe mana9emenl cornThtteethich is respL￿81bIe lor the gerEral contrd thnd m￿ageTrnt ofthe ew. Theltuste95 dve tsIrlu￿ freety ar￿ reclv8 no remL¥wafjty) or other fiTranda be￿[rts. Th8 managernent c0mrn1tt￿ Tneets monthly to wducats bJ8(M85 ofts eli¥lty. Tlw8 mÈ8tiro Idfowa lornal agFnda arKI thc4sions are based on a rnaionty. AtlhE tMrthlyrneeWs Ilw commmee agreesthe $trategy8Th18re88 of aLivty for the carityinduthrvd reseNes aTrJ rfgk managBThnL relationships vltt) other grw8 snd tharffje$3ThY Indi￿l￿al5. pdi(ies arnl perf0Th￿s￿8. Trustèo inducllon and tralnln9 Newltu$t¢es are brie￿] on Ihetr legal 0￿198￿0[￿8 UTrr¢ha￿ ki%Y. and wul8tkn5 olthe charity. Ihe ¢tThmnltlee and th8 ¢Jec1510n rN4klng W¢¢¢￿¢$ aTrJ recent aThJ proierled finandal perforynan(t ofthe charty. Page 2

THE WALTHAIIJ FOREST ISLAMIC ASSOCIATION TIIUSTEE8 ANNUALREPORT Iwnunwdl FOR THEYEAR ÈNDED 31 MARCH202Y RIBkIl￿Vrn1rtt ThÈ trusieea (p￿d comnkneg) cary wt an ￿n￿al Wki th¢ tw mgyface lI￿t hav•Clth•Ch¥tylnthekn. w0prtal0h￿1n￿thdIh?h￿ wofÈ$litifdildviQlBI0&￿Ikn%h w•c•durq8lorrM•tros•n$ Tr¢ th¥ftY￿￿ts to i)• giu oflho ￿m￿farth ar￿ In rXx￿d￿ •htho WaC4AQttho kntheL&ilon olWolhHm Foml thlry. The Ch¥ny does wcleJsb)ial any of xtMti¢s. ntr hAS i ty rts funthall￿ b uriett kn Any 10 be any thm8. Al vdurtary folmd behwhxn hl Ir• Publ Thtru￿1 hw•dU• ro9rrfd to Ch1ty COM￿on cn and (X￿￿rM th￿ th￿$ benol putr1￿ h a nuthrolwo.g ofregulx peofww4hY)f¢￿thry PAfiit. pmvti￿tsOf•tr￿e1¢. h￿¥•￿en11 g•rform•Tr¢• Tr• IDJs100s * p¥qO 10 slat• Ihal th• thAty thaB cudnL¥d io Mi9e cl eJrknn¥ ld Flninthl r•vl Th• bK¥t•g$ F4ged io r•wt tho1 IM rnl fw th• E161.388 12022 . È104.4711 rtsJIlu￿tndrUnd&Io£￿.43y.x￿<1o22-£9.263.glBj. to ygar. Th twit4È to rtWJMthatth•thArhy haswffkientltsOuT¢eSto aarthbsaid tv rnE￿ Th¢ tNyiÈtS • ft441)nwÈ ex￿t￿l Ihe Chthty hBs Bdqquth re5f4Nrqs lu frythfww464ts•JtWB. Tnèifultge• rtyAMirforeseeqbknftJiwe45 bglwnD the tho Ch&iVS finAne4al #tatthi￿$. The b￿￿e5 hAYe¢cfflsk1W8d th8 chartys bakn 5hBBi 8nd 45 th¢ . ftrfutE thèrhy takww aCt￿nt of Maswbly iOJY Ot the &id ￿ lot￿ld b the hBB gufflriert reg)rn * rnBkn oxsthre. h4¥¢ •J¢sMeo gc4ng 0)n￿n riweparkngth95efrn￿4l 6t41ernpMB. Pl•M lortrJwr• ￿0d6 TrJir4ng2{4r￿kA¥. The expg&kng to ￿j￿tI¥JÉ #t È ILVth 16v•l be¢•LW of Imp(rfRkffl of ￿her CovW119 sures afterlhc y¢w hr6Y¢V?rtrUte￿ eLrfrt6nt thatert• eawd. tho e¢1 C4rMwllr•YwtlDn¢rfmii•¥ pv•rthenèEttstsrncdts. ¢Thty YJllthii resei¥es Qi the of apyo¥a oflhe tak¥Mnts, lh• thlrfty Athy tr aiy gMr¢rffit 5upw￿V4Il￿s and W41 take •J¥￿e of furfw 5chETh Th8 h8B ￿llIffi￿nt rtÈrva ￿ enabh M lo nxet Ns l&bli ol 1* enablèthè chA￿t0 corrtinue to nxèt ts IW41ftkn #slhvy fall 4 PJy3

THE WALTHAM FOREST ISLAMIC ASSOCIATION TRUSTEESAANUAL REPoRT1¢oniiNu￿l polt TrIE￿AR ENDED 31 PIIARCH 2021 Tnts'rtSPDwthllll•sstatsmfrnt Trè trtth5 are ftsr rwgrmg ihe rsport and thè fnBnciÈt 18mwis in ac¢ordanp th applKabkn t Unitèd ￿ngdoM A¢eovnbn9Slandarts IUntt8d G￿￿￿￿11￿1PtydA(c0￿kn4 Pr•JKel. Tho l•pplitsbfeto in aThY requlr8 thNtytDJ5tEest¢ pwrnfinaiGknI Gla1¥n￿LI fdr wtrxch glv• a bL* ano fair oltho 8￿È gfaffails ollhe thutyand ofthr kioynffig l•Jlcthn 0fr0￿r¢•& ofth& tharityforthat perfod In watswtsfiryanrAalststom•nL%. thctru$feebare r•qulr•db.' ob¥o ts math(¥Js an0vri￿P￿¥ln the applub￿￿￿1kne&S0Ap,. rnakeludgmènlsan¢ ¥ccounfry¢¥tthateSthatare reBSQnAt4¢$rwJwtth WP5)arg h fnrtal •tWts on the Wrryj b3Ns ur&s8 t Is to prtr4Jme that tr• VAI Thè arfr règr￿￿The for kÈ£pkng 4d•qvate ar¢ YLrfK)t to sknv and ths chaTWE lraw¢tirX￿ and With atsxr8Wany lirne the fi78ndal pts4tth) ol Ch¥Atyar￿ Èlla￿ them to ensv bbJtthofinaDdal SL￿&￿entS thè A# 2011. apPIrAb￿ Chofities (ArAth￿S ¥nd RewB}RryU￿knS. ofthe D¢ed, TW r8$mro￿ ti thÈaèw8 End hence ftstw rw•v4b¥tsps foythè pr•vgnUDn anrs dÈtèdiDnoffraud AM tsthgr The￿$4¢$. ￿T￿1rPortopr￿d on Y4/ 2014 and tso#rd oflrueeB br. rGhaJfflf•rHuwGal IAr Raz￿k r w1boob￿s sy•d￿h￿￿a9S&n Pap4

ThE WALTHAM FOREST ISLAMIC ASSOCIATION INDEPENDENT AUDITOIYS REPORTTO THE MEMBERSOF WALTHAM FORESTISLAM ASSO¢IAIION FOR THE Y￿R ENOED31 MARCH 2023 In•n¢iol ol Th• W4thgm FOTUI l¥aTh%c {thè frJr th• Gfthd 31 MBt¢h 2023 W tyjl thl PAW 7 to 11. The fAWK481 been rypll•d In thetr prnpn ts ¥pp￿ra￿l￿ and Lklw dyd$iunlt•d PralliKe}Inthdvy FRS 102TrFint￿cw RwlknHStsndard8r(lab InthD uK￿d Ih ouroplnlw thpfinanitslstatimits.. ¥¥0 a tru0 4na f11r￿￿¥￿t￿ dh thr6 31 and or b)e 5eaitsnendEd". bem Pwiied Bl Gen￿Y￿?￿p￿ hJw• bwi in thxtyd r￿￿r￿mon1￿Ll￿OCh&Ikn￿Art?Jl1. l•foropkn In18m&YLy￿ IUKJ fjSAJI tsJl(esw75t4l¥e&wthrthr gtsnd8tds Bi•fiJu￿￿E5Q¥￿￿2dIn lha￿lI ex¢wn￿￿ethon otoui repotLWewe otthèchantyin danuwth ￿ ethicl re￿we￿￿ls tOtyJf4uJll UK. thF￿4 st8tthtd. hwv the ￿dIe￿￿ellCe ¥ha¥otyWn•d ￿3￿1rd￿nt￿ w¢ha￿ nDthlnEtoreportknrwpe(t tothhththe LwIUKlrequlreustOl￿Drtt0VDUknv. the truetses nave not thgdoaed kn th• et thxt tytoe4thu• t04thW th•g(4ng tor￿￿ AY a wlod th•dlllè￿ Thk truilB8B (thr Our Ih? finond•l gi•mÉnls dom Mt ctyMrthD othwknfthmaytsn r# do In connEctiun tr Jl8kn1)wts, ow rwptyi¥folllty re•J ¥0, (￿￿J￿r the Olh ￿￿￿0￿ Is th¢ oiemenL% or our otst4r￿d lffl ￿dN LY 8pp&gts io be MailBI m1wai￿. thnbfy hKonslsknths orap￿t Male￿ nmstttste￿ts. Tequked to dermSn• élherthtreis a rnBLerilll ￿￿t￿nen11n th•iin4ndql 4tqmw ry• MIS￿￿￿￿￿t￿fthe t4hBt ￿rfLY￿￿￿. IT. p8rfoThd. Milt•rnon ¥thlchvr4u•v•4L4r•dtts¥•pthtbyex¢ty nolhhig ￿ r¥)Iln kI￿An￿ ￿•*￿¥ kn Chk#{NAtyJnb #nd Reportl Rew*on$ ￿l￿r•BUS rf.in Pa8e 5

THE WALTHAM FOREST ISLAMIC ASSOCIATION INDEPENDENT AUDITCWS REPORTTO THE IIUIBeRS OF WALIHAM FOREST ISLAMIC ASS￿lATION {conUnu8dl FCK¢ THE YEAR ENC￿ 31 MARCH 2023 •biJe and ¥ thètrUq+Adkt4nI￿ ￿￿1￿BI￿ryt¢ ) sthithywrts. th• knJ5t•gs sr4 msponth for a55e$5hw thg lty lu con1￿@ ￿ a (thcem, Lledotho as OJrot4ec4kn5 oretooblBkn Menai mlsweingnt knkn8lhsrdu• k>traud an auth¢SW)rtthaiir￿￿ls Our Reag)natle a$6urdrrtX is2 DfaSSUran￿. ￿l￿tI￿gu￿￿e1￿tt a￿dan￿Y￿1h ISAS (Uowil aW4eierta ￿￿58t￿￿t 4¥hÈTh ittJig1S. mi￿8￿ments from tsud or•ry h￿d. wnithrttsoltyknwmplian(¢h4th I?￿S￿￿reqU￿lon%v1fj IlnB%ilhar ruwMrflthes.(¥JdirKd Bttht, to maithal 1wu￿1￿¢I, induthfWJ trnu& io thhl( our proc•Yes r4pkn Wt ￿ne0 ￿ understhn￿fftg tythe And wJ10ryfMthrrt ap￿1¢¥bI? to rtwrity. and ￿sidE(￿d rfsk Of&lS by the IhslwB cJJnirJry 10 iThrkrfng f￿1 Wg dB5wJwJ aL4￿ p￿￿￿re$ tts res￿ t¢ IM rflk, Ih5t th8 risk rf n dthkng duE to fi￿d uwn thè rtsk of one r8¥urtlng errvr. Is In%£4 dÈtsbeI¢ Wo Icusf¢d on vkuulakns ¥¥• th t4 rnawai mlsstat•m6nis In thB fmdal statornonts, not Ilmtsd to, 2011. tsjr SndLtsJ Ihe Tffj?r￿£l otemerts thTthBwes Kl th)d ￿l￿e5 ni&iagMI. The￿ er¢ In Ihè audit dE￿￿d and. the hnthw rth¢ory1￿rrt¥ ulation5 InxnthB￿Wnl5 and s￿eMen￿$, Ihe le￿Ilke￿Wv￿UIdbeurn&a￿111rftt. W$ dsJnDt thniifyfany k4Y4uthl maN#tsr9￿n9 to IK4uth fraud. ASin al our audit¥, w• aLTo ￿r￿s90th¥ Irtsrn¥cfft 4nd •vJptw thhwth•TewJ85 e%itht Qf tyihe dir•x(rt that represenied • rfsk to A hh1her dgO)n cl (Jr qudt af th8 Is FknandAI REPy￿ ¢￿￿￿TI ¥￿b￿N& * Th18 m&dp 5ttoth8t￿5EqO5L￿thE Charity. as a Tr￿dY. actorrfa￿ wMhpart40ftheei￿Ekn lAr￿￿nts ndRwJtsi Reguknths2WB. OLY&KltworthaB bwn und•rtakon 50 ibAY mwt sFatglo th8tsuSt8ès thosè matters NL4re4 10 81oto thgm In an oth8rFMWg.TothefULWoAlSrMFormNttyJty￿w.￿Qon0t&￿O￿a5sUrywr￿s￿g￿tyta anY￿0th￿r￿s￿thÉ bryJStees asa bDty.tsourdkwts, fwihts r¢rth, orSXtrOnlM&we￿¢1Q7rQd. Pr•mer4knnloThts Ltd Slahrtcry Audltor ISIFh)or. SpiL4lfKlJ House. Sfjrfffeway, ÈorehamvnDd 0510712024 ?r*ner4p￿rf￿ntylt￿ LTdWW¢trarr15￿W￿ffWl￿tÈr￿s ofsttsion 1112ofCoMpanlesAd ￿Qfv P48e 6

TrIE WALTtrLAM FOREST ISLAMICASSOCIAMON 8TATÉIIENTOF F14AN¢i4LACITMTIES FOR THE YE4RENDED3114ARCM 202J ¥IAIW202J 31P)J12022 UnrnBtrf¢tyd Tothi Fv Pur￿1 Not• Vdurwyinccthe 414,328 98.577 7(*4 Imcomhw RI•0￿[ 833,721 007.•75 R•¥(¥AfVS Exwnd•d 123,705 75.271 89,911 61.938 8WTCcrfts&Emoluments 62257 62257 S2.gS1 motty￿￿n9 &Tfthwing 149.747 144747 3.0•3 Tdephon•. PoJity• •rnd Otstoffittexpu 327 5.6BD eankCharyBs 1,477 F¢¢$ e.754 754 O,OB2 16.è21 10, 469M3 324504 5.28&916 9168,918 9.084.446

THE WALTHAhl FORESY ISLAMIC AsSoC￿￿ON BALAN¢F$ FOR TTrIEYEAR IIIDED 31 hlARCH 10%3 51 Axoé As¥15.Tn#ibhx¥•i6 7.532.915 2.7n.3&1 9$￿78 14273 7.657 InvfjstynoDtPrDpth•$1202&RJ&a a7Tra61 lTEguipw￿s 227 rr•TrtAu•t# 1.412 2.776 35&871 OÈbb)rg 547,357 VJXNTrOn& Y•9 ft OhYttt f2 17.X ur￿￿ts￿d kntyr(Fynd5 Thesethnro1s1JMO%nthwr•4ppry￿ &4n•d ty*rdrftrLthbtrA1th￿1WJr￿6IUwon 4.TrlD24 rlrn

THE WALTHAM FOREST18LAIIIC ASSOCIATION CASH FLOWSTATEMENT FOR THE YEAR ENDED 31 IAARCH 2023 31 2023 31 M•r2022 14etmty4em8nt offund 104.38 184.471 Depre¢i8tK)n 16 921 10.539 161.309 195.010 l)v•Thnt8 upltal.. Ilncreasel l OerAease in 5tcck Ilncre8881 l Oeue8se in trade othw lere(vab￿S IDeuea5el Ilrr8880 In Ir8d8 and dher payaNes due In ￿5$ Ihan l yr Itctsasel lI￿rease In Irade and othel payables 1921 127S1 20.972 1.218.5 240 OOD 17,5851 26.000 Ca•h gEMrnt¢d frornoperntfoni l Netulh Ifow from op¢ratlng atthfftl•s 1M20A14 161.615 InvestlThg a￿lt￿5 Purclwse of wopwty. pbntarnl •qulpm&ni 1,607,279 115,4941 N•t Id•¢rv•¥ol Inc••h4nd ¢Mh e4ulv4ferbts 1180.M61 146,190 CA¥h and eqiivantsJtb¢ginrMr¥J ¢f￿r 397.348 ¢4¥h and r•¥h gqulv•lgnt• •t•nd of yg•r 34671 S43,S37 The noie$on p4es Ioto 16from partofthesefiNn£￿IStattments. P4e9

TFIE WALTHAM FOREST ISLAMIC ASSOCIATION NOTE3 TQ T￿￿ FINI4CL4L STATEMEpirs FOR THE YEAR ENDEDJI W4RCH 2023 isa l¥ TTheJdlttltllM Wkncipai office ts43MSI Rc•J,L¢￿. L￿don E10 7EA. 1C¢YPoFr•v241Rwtirq&lthd iith•UKDdY PrAc• W4•to 1. p¢tyJnthw Pok BMI• ofprepKafjr •Aietsid1#￿k￿Artd iveThntwokwUB$maBgJed otlalr¥aknthrotygh Incorforwthlknè. f￿l￿￿T￿th￿￿thrIr￿￿￿n￿￿eeh[l¥1t￿aAU￿￿ts￿￿rtLl. Thtstruthèg hvèthn$idèrtdthe ¢hBthFsbglarKe 4neotwMth4Mrewves BsthèyoArond.thehrtwo ch￿g￿& In InCtf￿￿￿•(1ll1my and 0rn6al)Ddth&ilh2Gla1tyhassuifxleriresourc45to InrfAthr ex￿ster￿¢. Ac<ordlw￿, bawl InweK•lng 116 wobabl&lhthe4con0rn￿kne￿IaSK0thdIththetr¥nS￿knl ¥vl1flwiothethartyandl￿W￿JUrt me£gJted. The1dh￿￿9 rfinri¥r lothegll I￿Y ¢4nbty1rnq￿fftDX￿tftsr ￿nton pJp)Aoand Tekffled ￿1￿￿£r•￿￿￿odL￿el4￿￿Jth￿ athty. SbATed co*aro•pybThd thoKh¥th¥th¢y p4￿1¢

THE WALTHAhl FOREST ISLAMIC ASSOCIATION NOTES TO THE AANCIAL STATEMEPITS FOR THE YEAR EIIDED 31 IAARCH 2023 T•tyiblè T￿￿E￿I¢d￿￿0therthan frethc4d lan4 aiestated atcosiw ¥aluatknle55d4Yec￿￿oTr￿le5$0the￿¥￿e stit￿be19￿. DepTetlathanlS prd¥ldÈd èt ratéital£ulatsdttsYfth¢)ftlhÈcostl•sstsuMatedrddualvauede4th FrothldlfvJand bJNdn8 n¥estment yorrtyÈ5 F5threSa￿IttJn P14nt andmathsntty cr￿P￿te[￿qUIp￿rtt céN¥eNdes IO%redvrlrybJlwrE lO%r￿u£l￿8ba1an( IO%rEduc1n8balatice IO%reduclrbAlante 4DdEPTeiiètii)nisprO¥ided ￿ iespectolthefteehold la￿ indknJldkn&thetrv5e5w￿d8rth¥tth¢ ￿mId1￿￿MI￿￿hThEd toa hliher5t)rd¥d )uththattheruidualv4luei$suffitiendyhi4hlw ènydgJteciation<haryeto belmmerfal.Thetru uThlertakeanaDrxwliryaffrnentrthewtocoThfitmthgt thye i%M mater141 Impb1r￿￿ntto￿È￿wd1andatsd b￿l￿n& INestments wopwtlesarehdd fairvJltye,wh1th15 meJsurp¢ Wn￿4￿￿7￿hth￿I￿Slnf￿Ir￿UÈ rÈtrthsed Gan/lloks&sI th)falrvalue offlx¢dassets' IntheSoFA. Iv￿u￿t￿ In¢w• TOtAI Funds2tyd$ FufAI8 2022 31&985 85.312 5172$ 3.845 21.69J 870 $3,695 47 316,965 85,912 52,725 3,845 21.690 228.998 78.637 45.275 3.715 12.357 2.30S 37,166 7.873 FLI7￿1 NiTrkah Lknations [krtI￿$ Ralk) Ir￿orne E￿c￿￿ree $3,895 47 536 25 IA 0ther1￿m• Total Fund•W23 T(lal Fur¥J Go¥emmontGr4nt IMRC JR8 Intsime 47 47 47 47 73 The affK)rt I￿￿ar￿1 sialeM￿tsf￿o￿￿ml￿1S?re.' 2023.. £NIL12022.' £7.8731 Payll

THE WALTHAM FOREST ISLAhlC ASSOCIATION NOTES TO THE FiANCLAL STATEMENTS Iwttin￿dl FOR THE YEAR ENDED 31 MARCH 2023 & ItY4•8kn•ntlncom• Uttv•tstrfctsd R•strtct8d Funds Fumd• Totsl F¥hd8 2023 Totsl Pur￿ 2022 R•io1 Irwm¢ Frfjn PropÈrties 91377 ￿49 4. Dlr•ct Cost• Unrt#trktad Funth Total Fun￿ 2023 Tatal Fund¥ 2022 Fuhd8 Qwniw Stoc. Funernl knes Funer81 Ewises M8dr8ssa EdLKthn, Bors &E￿b￿onI ScKI8IAthv(ts8 ISl￿812￿ce 1,320 6.530 114,403 1,695 1,169 1.412 1.320 8.530 114.403 1.695 1,169 1.412 1,560 8.183 61,713 1.458 3.677 Cb5iro st￿&. Funoral eoxos & DrfflatlDni Ghe Unr•sirfcted R•*trkt8d Fund¥ Fynd• Total Fund6 2023 Funds 2022 Donabon$ Giver) To Otharc¥oanl8aU￿5 &Charftg5 Page IZ

THE WALTHAM FOREST ISLAMIC ASSOCIATION NOTES TO THE FIAJICIAL STATEMENTS Iconynugdl FOR THE YER ENDED 31 IA4RCH ￿23 (Ad￿￿•￿￿Exp•nMI IDqtsll4d) T4)1•l Trtal FuTrts202Z Fun 11 Skff CLwts&EM￿1m1Trts WatsJJ & SaiaiitslGrt48) 2023 2022 Nun¢rd¥wff No•mpkny¢ rn¢•wJ r•mwwr81kn ofnve ￿ £8Q.OCQdunrvJthgysw12Q22. N4 Th•m•Mtruit•trs' r6miilOMlh)n or gth•rbn¢Trs f¢rih&yeor£ThYBd 31 Morch2023. 4634 IW) Ratffi l￿WrItt•&0thtr ￿￿p•rty rd•d¢xFW 10.8M 2D.3S2 10.402 5,727 74,508 7,082 1,271 9531 10,894 30.352 10.402 5.727 74,5 7.082 1,271 Lbhl& Heat Prop¢rtylnsuRnce rty& Fira Satsty C￿an1 Watsr Raies AthOrtisètt*nt 17,997 3.267 6.300 52.244 32$ T•l•phw< Po•tsBè4ThllthBr 8.3ZT v)￿nkchar9D¥

THE WALTHAIII FOREST ISLAMIC ASSOCIATION IK)TES TO THE FIANCIAL STATEhlENTS (continued) FOR THE YEAR ENDED 31 ￿RCH 2023 & Admlnlstrattve Expenseo ID•toll•d Contlnugd} Unre8trlcted R￿tr[¢t•d Fundg Fun¢ts Total Funds 2023 Total Funds 2022 vil A￿11( Ac¢ountsncy & Lo9•1 and Profe￿lOnal Fee• A￿)UntanCY & Bookkgoping Aydrtor5 Rernun8ratitsn Legal & Protsssional F8• 3,954 4,800 2,192 3,300 600 4,800 704 vlll D•pr•cl•tlon DepreelatN￿ on T￿gI)I? Flxgd Ass* Paze 14

THE WALTHAM FOREST ISLAM￿ ASSOCIATION NOTESToniE FIANCIAL STATEhWS l¢M¥ny￿) POftTrEYEARENW JI MARCH 2023 7.T￿gIbIo FL•dA••g1 FrthQlJ LDd& Cthxput•r Ftsnt• ÉgubgrnoTht Fittin0• V•hkl• xDIW12022 IKrf 8.￿￿)) 1,￿2.815 2.777.1 31,¥2 119.092 5119$ 48.450 1S.OC 9.019.794 1,607,279 6.168 1¢31 Ilweh102J 253.018 s101 Aprfl 2022 Chatyoforthe Al 4t31 ￿4￿h 2Q23 i5.ae3 146.337 10.875 25.357 N•tBook V4lu• A t31 Ma￿h 2023 27TT JII 07$ A•4tal M•r¢h 2022 27T7 15 8. 5trKk Oibtorn ZDIZ ReTrtReretsaLI

THE WALThAM FOREST ISLAMIC ASSOCIATION NOTES TO THE FIANCJAL STATEMEIITS Icontinuedl FOR THE YEIR ENDED 31 MARCH 2023 l•. Cash kn Nand 81 Bwk 2023 2022 Bwday6 Bank Cash in HaThJ 343,243 13.428 628.610 14.927 643%37 11. Crndrtor8 2033 202Z ArrnJal$ Securty depostt rent Pay8bJs Sadqa Zth81 Payable Education payable Wages and salaryCL￿trOl A0>)￿t SLYi￿ Securfty&Taxaiic 7,400 1.800 33,&18 10.871 10.948 4,317 3,e70 3.476 11 ¢rgdltoTr: Amoun¢s F•lllng Du AftÈr Alore Than One Year 2023 2022 Q8r2e Ha$6 Qarz E Hosna 1$ in Int￿1 free lorvJ tsm loaTh￿7th ntsfix￿ terms ofrep8ymenL l& Unr9ththd IncomB Fund Batsnce qt 01rApts22 1rt0ming R•¥aluadon of Prloryè•r moure88 Land& Buwdky •diwm•nts Balanco•t 3141ar4J General Funds 184J88 14.AnJly•lB of N•tA•••t• B•tsw•n Fund8 Total Funds 2023 T¢t•l Fund• 2022 Tanglb Ilxed as8els Curr8nl 88seig Cfediiors kssthan I ￿r Cr•dllor5greawthan 1 year 10,462.586 380.858 154.3381 1.335.8C 10.462.586 3￿.858 IY.3381 8,872,227 547.357 133,366 Paee 16