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 r*m•
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 SIu*8ry)
(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 ft*lWts
orK1 are ex-officlo merrter8 ofthe mana9emenl cornThtteethich is respL￿81bIe lor the gerEral contrd thnd m￿ageTr*nt ofthe
ew. Theltuste95 dve tsIrlu￿ freety ar￿ rec*lv8 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 aL*ivty for the c*arityinduthrvd 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 UTr*r¢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
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thlry.
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*uriett kn Any 10 be any thm8. Al vdurtary folmd behwhxn hl Ir•
Publ*
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Flninthl r•vl
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rtsJIlu￿tndrUnd&Io£￿.43y.x￿<1o22-£9.263.glBj.
to ygar. Th twit4È* to *rtWJMthatth•thArhy haswffkientltsOuT¢eSto aarthbsaid tv rnE￿
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. ftrfutE thèrhy takww aCt￿nt of Maswbly i*OJY* Ot the &id ￿ lot￿ld b
the hBB gufflriert reg)rn * r*nBkn oxsthre. h4¥¢ •J¢sMeo gc4ng 0)n￿n
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C4rMwllr•YwtlDn¢rfmii•¥* pv•rthenèEtts**tsrncdts.
¢Th*ty 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 rt*Èrva ￿ enabh M lo nxet Ns
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PJy3

THE WALTHAM FOREST ISLAMIC ASSOCIATION
TRUSTEESAANUAL REPoRT1¢oniiNu￿l
polt TrIE￿AR ENDED 31 PIIARCH 2021
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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 prnp*n ts ¥pp￿ra￿l￿ and Lklw
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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 ¥ thètrU*q+Adkt4nI*￿ ￿￿1￿*BI￿ryt¢
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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.T*n#ibh*x¥•i6
7.532.915
2.7n.3&1
9$￿78
14273
7.657
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2.776
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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..
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Ilncre8881 l Oeue8se in trade othw lere(vab￿S
IDeuea5el Ilr*r8880 In Ir8d8 and dher payaNes due In ￿5$ Ihan l yr
It*ctsasel 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 eqiiva*ntsJtb¢ginrMr¥J ¢f￿r
397.348
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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
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p4￿1¢

THE WALTHAhl FOREST ISLAMIC ASSOCIATION
NOTES TO THE AANCIAL STATEMEPITS
FOR THE YEAR EIIDED 31 IAARCH 2023
T•tyiblè
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4DdEPTeiiètii)nisprO¥ided ￿ iespectolthefteehold la￿ indknJldkn&thetrv5*e5w￿d8rth¥tth¢ ￿mId1￿￿MI￿￿hThEd
toa hliher5t)rd¥d )uththattheruidualv4luei$suffitiendyhi4hlw ènydgJteciation<haryeto belmm*erfal.Thetru
uThlertakeanaDrxwliryaffrnentrthewtocoThfitmthgt thye i%M mater141 Impb1r￿￿ntto￿È￿wd1andatsd b￿l￿n&
INestments wopwtlesarehdd *fairvJltye,wh1th15 meJsurp¢ Wn￿4￿￿*7￿hth￿I￿Slnf￿Ir￿UÈ rÈtrthsed
Gan/lloks&sI th)falrvalue offlx¢dassets' IntheSoFA.
Iv￿u￿t￿ In¢w•
TOtAI
Funds2tyd$
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, Bor*s &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 YE*R 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•rb*n¢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
Frt*hQlJ
L*Dd&
Cthxput•r Ftsnt•
ÉgubgrnoTht
Fittin0•
V•hkl•
x*DIW12022
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