THE WALTHAM FOREST ISLAMIC ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charlty Number 270323 THE WALTHAM FOREST ISLAMIC ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS PAGE Members of the Board and professional advisers Trustees Annual Report 2to4 [rK￿pendenl audito¢s report lo the membè 5t07 Statement of financial activities Balance sheet Cash flow statemenl 10 Notes to the financial statemenls 11to17 THE WALTHAM FOREST ISLAMIC ASSOCIATION MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS R•gPJtered Gh#rity THEWALTHAM FOREST ISLAMIC ASSOCIATION Charbty numb 2703rJ 43W1 Lea Bridge Road London EIO 7EA ExKufv• m•na4•m•ntcomMItt• Mr Ch Abdul Maj Klr Raja Aamir Hab Mr Raja Mohammed ltyas Man800r Ramza Mr Ramzan Abrahim Mr Hafiz Mi Akbar Mr NBar AhrtEd (P￿sIdentI (V￿e Presidenti (General Seuetaryl IAssSsiani Gen*xl Serxelaryl ITre8swerl (Vlce Tre8swerl (cha￿an Grove Roadl Committ8e ffl•rnl)•rs Mr Ghulam E Hahjer Mr Sal￿ MahM￿d 8￿t Ch Nisar Nhmed Mr Tariq Mahr[￿d Mr Irfan Khaliq Mr Ch Saqib Hussain mrGP￿Idtn Mu$iats At*Ja8 Mr Nadeem RazK4n eouniAnts Sterlng Sohjllon Ltd 37 York Rogd Ilford IG13AD Audltor rr*ra Aux)untants Lid s1atut0ryA￿1rt0r 1st Floor, Spita￿S1ds HoLEe. StirlirMJ Way, BDrehamvx>EYJ Hertfordslire w[￿ 2FX 8Jnkers Bardoys Bart( PIC 278 Hoe Sireei Warth¥mstow London E17 90E Page I THE WALTHAM FOREST ISLAMIC ASSOCIATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 IAARCH 2024 The Iruslees present Iheir report and the ffinancial ststements of the charity for tre year ended 31 March 2024. R•f•Y•nc• and admlnl8tratlve detall$ R•9￿￿T•d eharlty nam&: Wahham Foresi Islam￿AsS￿latitsn Charlty rggl¥trotlon numb•r: 270323 Prfnclpal office: 43￿51 Lea Brfdge Road Leyton London E10 7EA The Injslees who served the charity durlng the period were as follows.. Mr Ghazanfar Hussain Mr Imr8n Razzak Mr Mahb(x)b Ali Syed Akhlar Hassan Structure. governance and managwn•rt Gov•rning Do¢ument The charity is govem8d by a consbtulson adopled in May 1976 ond last updated In AugUSt2021 Th8 trustees 8r8 8￿Cted lor Irf• and are ex-officio m•l￿r$ ofthe Mana￿Tr￿n1 cornmitt88 which is responsib￿ for the general ¢ontrol and managernento¢ the charity. The lYUStees give Iheirtvn& fr98ty aThJ receive no remun8rabon or other finanual ben¢fits. Thg managernent cemmrtt¢e me&ts monthty kj &)￿uct the ￿sinesS ollho thanty. These ￿￿eting follow a fomal &Jenda aTh decisions are b•$ed on a Simple majority. Attht monthly Th￿￿￿"ng6 the committee agree5 the broad strategy and areas of a¢tivty for th8 charty induding reserves and risk managenknt, relationships wilh othergroups aThJ djarit￿5 and individuals. policies and Perfo￿anC￿. Trust•• induction and training New trustees are brefed on their kgal Obligat￿n$ undw charity law, the ruKgs and regulations of the charity, the TrKn4enTrnt eonwrittee and thg dg¢BhJn making processe5 and ￿cent and projecled fin8ncwl Ferforrnance of the chanty. Page 2 THE WALTHAM FOREST ISLAMIC ASSOCIATION TRUSTEES ANNUAL REPORTlcontlnu8dl FOR THE YEAR ENDED 31 MARCH 2024 Rl&kitsnao*n•nt Thè I[U￿te6 (and Ine m￿ar￿n￿￿ wmmttieel e8ry an annuHI of thè rf5kS the ffkgy tsce are satisfied th IhHI ￿stern$ 4re ￿ p￿￿t0 moriioram ￿ntrOl isks ￿rn￿gate impact they maY￿ave onthoch*fjtyln iho fviur•. trusteeb (to￿ther Alth th6 mwag8m6Dt ￿MM￿lIe) Nqvg w￿ldered Ihe rnajtsr Tknanci* aTrJ othor rtsts fac£d by tharty Ond *thereapptO• h&¥OWlistedthe ￿rP ofwofe$gigr41 advlwrB toe5tat4ish &ystem5 procedur8s ￿manage Iho¥o risks. Thg ¢Wty •xkts to prornots thg Study and wacik* of ihe I￿arn￿ fath and to advanc• r•l(gloLts edL￿tIofv In acetydarKe ihe ¢￿￿￿*$*7d wactk£sof*p15km inthè Lonthn BOr￿ghOfwa1thaM For091. Tr8 ch81ty 81rn5 10 ￿￿e ¢r rNJke a¥a￿ab* fKlthS ts Muslim prayw qatsrfrvJs¥nd l$lNnic ed￿r￿7￿ forthildren amw •)ther thiNJ* The Tm8tees h8¥e refeiw to the charty 9ubytilinè on putyic ￿neffty￿?n rev*vlw ihe r*•rW¥ alm gno obp¢tin*$ thnd pbnnino 8(*viti* The Charty dc¢$ not ¥9e profe￿rTh1 fvnthaws *w LY its aCt￿li1e¥. nor rts vjluntsry fiJrthis8t8 b88Th tsubie¢t 10 any LM(*thkiro 6) ts bwnd by any schEm. All Yolurstsry AthdraL*r8 have Idl￿j guideline w bphawuuts In th8 urt8 offu￿4$1￿ng Publk BEn Th8 trusMe$ Tha￿ regard 10 Ihe Ctrorlty Cc¥nmi56p)n guthnctr ￿ putr4￿ t￿O￿l8nd eonfim th4ithe ChHrttr FOR THE VEAR ENDED 31 MARCH 2024 Th* InLSteeB exp￿* t￿ Irthme lo L¥JTrlK￿0 In tryJ"Kt￿Y thal au ¢￿d re31w11￿$ hav• •Bsed £r¥J rtrmallty h35 mBd. Thsy tuther &Kpoct lh& to hxr88S8 oYi¢g th& ptaNVrg Is ctrA*nod lor ihB wIlth￿l1 b*kr￿SSWF1A chIrNfvJ￿j c￿M￿ltyc￿rkn0. wjwe htsntAed by the ty¥pr*t whBn b interest Iro8 hxns and donattu￿ vRro made lor Ihèchbryknd AnUclpat•. ￿INtereSt free103r￿ suprNYt thg ofttteCNrWdpW. Trux¢ees' responslbllitleB statsrrtht Tho hWtee9 ￿ res￿￿b￿ loi preparfv¥ •w ￿￿ta$s, rBrth atKJ th8 finaNial Stat8rn￿￿$ In fjtsxr¢ar￿ Ailh 4pO¢abb18w Util￿ A￿u[ImI9 St8nMs (l*Mt￿ A¢¢wibng Pr￿¢&}. ThelBwBr¥kthtstharfHo$ln th•L*￿rtty tyLthes to prEpsre $lat•merkn fore&th ye **h gwe a ITye *MI larrfev¢of slats ollh• (*￿ty orKI of IhF Incomlng r8BoJfc85 and wll(alknn of re5Lw￿. rd ihe tha1￿[c￿l￿alpath)rt. In pYepErfnB th￿In￿j￿1 51atrm￿ blé IruBIfj88 rqqthr8d tty. <> sel&a SLiiablo *￿LI1v￿g po￿898nd then apFfylhwn cMsl$tenlly. <> obswthè •xl pth*l•s *F4kiLlo Clwityes SORP,. makeiJ*n•rts wd 8&xUr￿￿O ￿M&t8$ tho1 re* W8Por• I&H¥Sal Iha g¢vYJ ¢y￿Cern baNs u4e5¥ K Is prewma IhAI ¢harfty In trLL$￿eS we resporaty¢ fv Wryj wJ8tyai• *xal slalernents in the UK. induding Ihe FRC'8 Ethical Standard. and WÈ have fulfilled our other ethical r88ponsibiif(ie5 in accordan￿ wbth these reqU1￿ments Wo b¢lw¢ that lh¢ audit evidence ￿ h8ve obtain*l Is suffioent and appropriate to pThide a b#$is forouropinion. ¢)n¢lusK*n$ It￿1￿￿ to gokng ¢orK¢m In gudltiig the fnandgl st8tenN8rts we h8¥e wndud&J Ihat the ￿l￿t0¢S u$9 of th& goiry wnc8rn basi$ of accounkng in tha preparat￿n of the finanoal statements is #pprO￿at*. 888ed on the woth hav• ￿rtOIN￿d, we have not klenbll8d any mateilal ￿￿taIntleS rdating to o￿nts c* condttbns tha( iThJIvk1ually or o)Ilectwely, may C8St signfficant doubt on the companrfs abillty to LX)ntlnue as a going o)ncem lor g period ol at leastlwelve monlhs from when the finanaal stslements are aulhorised for issue. C*Jr responS￿lI1*.tS and the reSpo￿)ll•le$ of tho diredorvAh r98P8¢t to gclng o)nc8rn are deKfited in tho rele¥an¢ sec*on$ ofthi5 rerx)rt. otlwjr Informatlon Th8 trustses are re5ponsib￿ for the othpr informatson. T+* other infomiation o)mpri$88 the inf0m￿tIOn induded in the tN81998' wnuol fOPOrt, other than th6 finants￿ slater￿nts arnl our audttof$ report thereon. Our opinicn on the ffinanryal slatsments does not cover the other information and. extept to the extent cAheAMse èxpltrtly Étatsd in our report. do rb)t exprEss any fomi of assuran￿ condusion Ihereon. Pa8e5 THE WALTHAM FOREST ISL4MIC ASSOCIATION INDEPENDENT AUDITOKS REPORT TO THE MEMBERS OF THÉ WALTHAM FOREST ISLAMIC ￿sOcIAT￿)N I¢¢￿￿*d) FCII THE Y&4R ENDED 31 MARCH 2024 In a)nnEdon with our a￿*11 of Ihe finanual slatern0￿. tsjr r•spor&ibS1ity ts to Ihe oll*r Inlornalion aThJ, in ¢kn'rwJ $0. effisider whether Ihe other infomakn Is materialty inconsi$tgnt with t1￿ f￿anL￿al stat￿￿ents or wr krth4￿g￿ Obtai￿ in the audit or olherwisè apptats to ba m*fially Mi￿lated. If we ideThtfy suth mal8ri81 irunsi51encie$ Cf apparent materi81 m166talernents. we arg wulred lo dotsrniine whether therè is a matsrial mlsstatement In thg financial statewont5 or a matèrial rni%statèment of the other +nfomTr8tion. tr. b8sed on th8 woth we have perfomied, we condude that thère 18 a material rnisstatement cl thi5 other infom)atien. we are to report that facl. We have nothlrwJ 10 report in thls regard. Matt•rs i)n which *• arn w￿re￿l0 report ejtcepthn Vve have nothing to ￿POrt in res￿rt of the tsntrwlng Matte￿ In rela1(￿ b) wh￿h the Ghar*i85 IAccounts *)d Rsportsl ReguLai￿n$ 2008 requires u$ to report to yw rf, in our opinion". quate a￿AVn￿Tra recuds h8Vè Thjt kw by us.. or fin￿081 statements arè r￿l in 4r*roèntwtth the accounliDo records returro: or we have not reCe￿ed all Ihè infom*iion and eW8n8t￿ we requSre fr)roJr at)Y￿. R•sponslblllt*s of tr￿t908 As explair¢d mere lully In the IAM*es' reBpon5ibilib'8S Statèment sst pagt 3, Intslees are re&￿SItI? for thè preparation of ts financial stat8m&nts and for being satisfied that they give a true and fair Mew, ar*J for such inlemal ￿ntrol as ts tnJ8lees detemiin& ￿ nec855ary to er￿le the preparabon ol financial slatemenls tho¢ #Ja troe from materlal mlsstatement, whether to fra￿j or error. In preparing tho finÈn¢4al statemants. lh• tnJstW$ ore respoThsSNe for 8s8es&ir#J the thari18b￿ corty>anli abilty to conbnue as a 9Oln9 ¢oncem, di8closiThJ, a5 applica￿e. matters reK4ted to goiN4 C¢M￿m and usiry the goiThJ conL¥rn basi¥ accounting unle55 the trustees either intend to liqu￿ate ￿ tharitsNè tntsl er to cease operntions. or h8￿ no reali5tie allemat've but to do so. Extent to wthlch audilwas c￿￿￿j￿*d ¢apable ol d&Kllng Iryo￿l8rf1I* IncludlrvJ fraLbJ The obleuives of our a￿lit, in TesFeCt lo fraLbJ, are.. to id8ntfy and 8ssess Ihe risks el malefjal Mi$stsigm￿t of the finan081 Statements du8 to fraud". to obtain surfitiÈnt appropriate audit evidence regarding the assasstd ￿kS of material mlsst8te￿nt u? to Iraud. through de51gning and implemènting appropriate responsg$.' and to respoThJ appropriately to fraud or suspectsd fraud idenllfied during the audit. Hu*￿er, thè primary responsibilty for ¢h8 preventDn and d818Cton of fr8ud rests wfth Lx)Ih ttr￿e charged wlth govemanco ofthe entity and it8 mwageM￿l Our approach wa5 a5 fcllryw5'. We i(knlrfed weas c4 law8 and regulath)rts that could reasonably be expethd to have a n*n"81 effèGt on Ihe finand statemènts from our goneral xYnmg￿l2l and sector experience, and through dis¢ussi¢)n with Ihe dlrectors and other management las required by 8udthng standards). and discuss￿ wth thè directors and other management the tKJlNle$ aThJ pro¢gduFgS regarding cornpliarKe with Lqws and lowl￿on$.. PaBe6 THE WALTHAM FOREST ISLAMIC ASSOCIATION DEPENDENT AUDITOR'S REPORT TO THE MEMBERS QF THE WALTHAM FOREST ISLAMIC A880CIATION (con￿nued} FOR TMEYEAR ENDED 31 rrt4RCH 2024 We hY8nbfi8d the fdk)wiw ar88S 88 ltrose rwst likely to have suth an General Data Protecton Rewl8bon (GDPRI, and cofftJpb"on. Audthng standards ￿mil the requSr8d prrK*dures to Idertfy nondtompliartt v Ihe5e pnd regthation5 to enquiry of th8 trJst8e$ and other marHgemÉnt aThJ Inspecti￿ of and )29al ¢JJrrÈ&wndertt. rf any. Kleniffjed 8QU81 ￿ $uspeGtsd rw4x)mplw mt SUf￿￿n￿Y Slgnfficanl to audit to rewjtt in ourre¥￿Se pJentnW gs o key4￿￿￿ matttr. We (XYtsK*red the ￿gaI and re9ulatory liam￿rk$direr1lY aPP￿¢&b￿ lo statem8ntsrewitirvJ trameworf( IFRS 102 a)J iho Chath1*8Act20f118nd tho rolBvanl tax c¢M￿lanCe ￿9u￿"On$ffj11* im", Wé tth)*dered the nature of the kndusty, the ￿trol enviroffivrt &rvJ buslness 5￿u01Th0 t￿ key drivers Ilw￿r5 r￿Uner8t￿￿,. We 0)mmunic8t￿ iqws And regulat￿rtS throughoth Qur le￿ and remwned 8krt to wny of Mn. Conplian￿ throughout audi Vve o)nsbJered the FKorndure5 and ¢¢￿trOlS thai Iho chadty has establi%hed to addre55 risks Klgnllfl￿, or that 0th8 r¥ev￿1. ￿e￿and d8tectfraud', and htrw senvmanagemenl rnonilor8thtyse prooramrths and controls. B88ed ￿ ilys unoersknling wè dÈ&i)n8d oUr8￿rt procedures to thnbfy n￿-¢￿P11￿c* w¢th suth and regubI(￿s. 2re the risk wa5 cD￿￿der6d lo b8 hKJher, we perfomied audit protalures to ￿￿reSS each N1enbftd fraud nsk These prothJur85 indu￿d. tesbng manual journ￿5.. reV￿ring the fin8nU81 st8temwl disclosures and te&ling to ￿K￿)￿ng dctwnertsiw,. performing analytKxI wry2dwe5". pnquiring 0lmanaoem￿t and wue de¥grEd lo Fwvide r88È0natJe ran￿ thatii*finanL¥al St*eM￿￿￿Ore free from fr8ud (Kerror. I￿￿n9 to the thherent ￿mit3￿n$ of an au(ht. therg ￿ an unavC1dab￿ risk trkgi we may not have dete*ad 50m8 matsnal mIs¥ial￿)ents in ihe fnancio15taièm8nts. even thou￿ we hav8 wopedy 8nd pprtorrn& LWI audit in actordanc8 7th aud￿r¥ ¥tha￿l& av8mpb, Il* iplher ￿MOVed non.r￿pllaNee with L2ws and regu￿&￿5 Ilrregul8nbeyl v6 from Iwsacbon5 refiected in thefin8rKial statements, thtr ￿$5 likdy the •￿tTen￿Y limrt&l prrrndurès reouired by athsiting 5t8r&*rds would identfy ￿ Th2 risk is gre8tsr re0￿1￿0 occurring ¢kn to frdud than error. as fraud invo5ves inienbonal concealment. foioery, cdlu5i0n, m15ryiesentation. W? arn regponsib* for awting norFC￿￿VdnC69nd (4nnot b8 expect•d to dqteLt rKmY2023 HA￿A•?￿ty-TIr*jlbloA*%Éts Ft*dx*JL*d& PrcwOg5 17022.PAr4a&slWJ 7J47.JST 2.777.3BI 7.532,915 17TI,381 96.078 14.275 Fq4th4 FtsiL¥6S & Fll 17.B IOAfjVII 1.013 4J2S 1,412 2.775 356,87f e4thhi Harrtl &BankB￿a￿ Cr¢¢ltm'. )mo¢mts Pallln¥ Nei CwMntAggè1& 10,70I3n 111.7W.106 c¥edltorn'. F4lllW Duq •rMor•Thvn Y•AT (kni Twm Lo￿$ 12 121BAKI ,335.eryJ Unrestrf¢*d Irtsjmg Fund 13 9,13130 Idt¢ShQz4nf4rHu¥W￿n Mr IMrBn Razzok Sy•dMIW THE WALTHAM FOREST ISLAMIC ASSOCIATION CASH FLOW STATEMENr FOR THE YEAR ENDED 31 hlARCH 2024 31 Mar2024 31 Mar 2023 Net rbwent offund 116,371 164,388 Adjustments for.. DepreckqtwJn 15,7>) 16.921 132,161 181,309 ovoments In worklng capltal: Ilncreasel l De¢￿ase in stock Ilncreasèl l Decreasè M trade and 0the1rece￿ableB IDecr8asel l ￿￿eSse in Irada and olher payabK*$ due in le$$ than 1 IDe¢ffjasol l *i(Ye450 kn tr8de olhor payab19$ 399 11.5501 101.180 117,2001 1921 127SI 20,972 1218,500 Cash g•Mrat•d from operatJon8 l Net ¢•sh Ilow from opgratlng a¢¢6vltlg8 114.990 1A20,414 In¥&8￿ng a￿￿4￿¢9 Jrchase of property, ￿ant ar￿ wuipm•nt 1,607.279 N￿l￿r6358 I{docre￿I In ¢a$h aml ¢a$h •qul¥al•nts k4,940 1186,8661 Cash and cash equlva￿nts al be9iMing ofyear 6,671 543.537 ash and ¢a$h ¢quSvalgnts atend of yoar 356,671 3010112025 The nmeson po8es llto 17 Irorn part ofthEsE finantial statements. Page 10 THE WALTHAM FOREST ISLAMIC ASSOCIATION NOTES TO THE FIANCIAL STATEIAENTS FOR THE YEAR ENDEO 31 MARCH 2024 fjgneral Inforniatknn 7h•chArity isa puNK b4n•f* 4nlily and a reg￿red charty M En9land and Wa￿8 thilnwporata. The adLlr¢ss of thg pr*iipal offre is 439451 L•a Brbyge R08d. Leyton. London E10 7EA. Stat8rnenlL*¢ompHanc• These fina￿￿al stat￿Ents have ￿8￿ prep8r8d in eompllafk%￿th FRS 102. Tho Financial Reprxty'ng Slandard appIl￿b￿ ￿ th¢ UK and tho Republ￿ of Ir8land', the SiaterrEnlof Recomfflèndod Pra￿1(8 applic**to 1. Aecounlln9 Poll¢l 888is of pr•parntir Thefinanclal ststements have been prepared on tosl b8$is. ¥$ mojthed by the revaluation of certain a￿?1$ and Ilabllilles and investment prop8rties measured at falrvalue through ir*oma or¥/￿nditUl9. Tr6finw)&al Siatoments are pr8paied in 8tsdin9. **th1g thefiJnr*onrf gxrnwoftheailty. Oolng ¢on¢•m The tru*&s have 8 reasonab￿ expectat.on Ih81 the Charityha$ édoqua ouri*stts o)nYnu¢ in operational ex5i5¢ence tsthe fa￿See4b￿fi￿ufe. The trustees regaid th? foreseeablefutuwe 85 beiryj no le55 than knlye months followrvJ the publiGation of the Charitys fin•n¢lal statement¥. The trustee8 have considered the chartys balan(* $hwt posrtion and reseNes as al the year end, the future plans forthe ehority taking 8c¢ount of r*asan8bly possible ¢hange$ in income of the chanty and satisfied thatthe charity ha5 suffioent rosoUr￿$ lo remain In operational ex515ten¢e. A￿￿rdInglY. they have 8doptsd 9uing corwin bas￿ InP￿panTrg these finantial stateme•t8. Incomlng resources All inwmlng re￿ule¢s sre I￿ud￿d in Ihg Stal£rnentof financial g¢bwtie$kntren enblbmerrt t08 P8¥se¢ tothg thAnty'. it 15 probable thatthe e*noml¢ beneflts 8s$ocia¢ed wth the transac*'on will flowto the th>rtyafid the amount can be reli*ly Tr￿asUred. The following 5peufi¢ poli¢ies are aP￿led to partscular c41ogori8s of income.. iitom8 th)n•l￿S ucr8nts i$recwni￿ *then Ihere is ewdenm ofenlrflemenl tot￿ grft, re￿[pl 1$ pwobabb aTrJ b anThJunt can be M￿sured rvliably. legacy irtomtr 18 rac4)gnI￿ %4tsn T￿lp1 16 ycbgblg and ¢￿1￿0n1 ￿ ￿ta￿ls￿￿. Incomè frrffi donsted go￿5 is mtrèsurèd atthe fail va￿?0f the oood$ unless this impm¢￿tal to mea$ure ￿lIablY, In whtkn case th6 v8Iu8 18 derwed fromtha cost to the donor or th• 85timated resale volue. Donated facilit￿S and seNices are recognised in the aco)unts when recewed rfthe value ¢xn be wliabfy rneasured No amounts are induded for the eonlributK¢n of general volunteers. i￿O￿e 1￿M ¢th)tr8Ctts foi the sutwly ofselvtts i¥ recogn￿￿ Ihp ddivery ofthe o)Trtracted se￿￿. Thi5 is dassified a$ unro$tri(ied fund$ unless there is a ¢ontiactual requirerr*nl for it lo be spent on a p8lbculèrpu￿ox and retumed Resour¢es •xpend8d Expenditure M rectyni￿d0n an acuuals ba*$85 8 liaknlty 1$ Incu￿￿. EXr&)dibj￿ induc*¥ 8nyVATthKh rarnnot￿ fv11y ov8r8d, and wder headirys of the slelernenl of financial activilies ttsth￿h * tsLg1#." Pa8e 11 WALTHAM FOREST I$L￿dIc ￿sOCIATj0N NOTE5TO THE FIANGIAL STATEMENTS FOR THEYEAR EF%￿3* MARCH 2024 thortyntywofksexpond*non thart•blB a¢*¥W. athityarn a1kKaWdx￿Yt0that￿wity. Shama costs we appmioned beN¥eenihe4￿tsI￿ItrfrV conith10i•on s r8a8fy￿b￿.l￿g111b￿b￿ and conslElont baw¥. s*d btlD¥¥. Ot￿¢*10￿ bly￿￿1d41r4It5 ￿￿￿14*d10wNIPvI1rh￿[oSt￿e￿Imltéé rtssldual￿1￿t[rfe￿h a9S•tOVgrtt9•x￿ed useful lrfe, B61￿￿￿￿.. Ft*h￿d￿ndIndbuIk% Nodep￿¢￿t EFoKvDI I￿*[ed￿rin$￿1nrE IP*redVrjn¥￿jIn IINrEJutingbal•n 1lyArtdy¢ihg￿[ln¢* FIKturesandfitu Phntandrnathinery IdotLYvehic*s Fr¢qholdknndxndbu￿d NodEpreC￿tiD￿￿proYid￿djn Wcto1thÈfi*e￿d￿ndafidtsj11d￿ IhetpJslf*5CLbThsldwlhitthEbulldnul5nwinThinEd tol hyhEfs&nd3Td S￿h th*thÈ IsvJFfkknttyhlRh FQr4rythpr￿14lI0n rharyiDbelmmileriil.ThettvXeEs undErtukeanan￿￿IInWaln￿ETh1l*Vw&j tOCDnfirnth•tth•r•linofflat*rt41 lrnp3lrmentlD(Teeknld hndandbuildiry. lTh¥estmen15 2. VotuTht•ry knc¢m• ur*rl*ltL*d Fund* R89MCts FUfftd4 Tot41 PU￿dI 2•24 TotBI Funds 202J D￿*b)ng Gmw ROadCaigthJn 270.359 62,693 35.915 3.77T 15.30$ 27D.359 02.693 38.91S 3.777 15. 316.965 85.312 52.725 3.845 21.8 870 53.895 47 Nlkkan DDn4tbns Kttn4n OonaUon& EdLubon lee IrKorne hwlrKom• 47.782 710 47.782 710 Unr￿rf¢t•d Funds T¢l•l FuhQ* 2024 rotsi 2tr23 Fun0• Gtr4errrfnenlGrnrt HPARC JRS Th•*mwnts lorgwetllrn￿1 ￿￿ts¥rdre". 2024". ÉNIL12023. £01 THE WALTHAM FOREST ISLAMIC ASSOCIATION NOTES TQ THE FIANCIAL STATEMENTS l¢ontlnu•dl FOR THE YEAR ENDEO 31 MARCH 2024 3. Inv8stmorrt ItKomo UnMsbf¢t•d Funds Restrkted Fund8 Total Funds 2024 Total Funds 2023 Rental Income Frcffi Propert*s 98,377 Dlrect Cogts Unvestrl¢l¢d Fund R•stdcted Totsl Fund$ 2024 Totsl Funds 2023 Openlng Stod%- FLth•ral Box•s Funaral Expenses Madras52 Edu￿tion, Bouks & Ex*)hlons So￿81 Adivite5 1 Sub515tanct Radios Ckxng &odK- Funeral Boxes 1.412 5,392 118,520 1,771 2,343 1.013 1,412 5,392 118.520 1,771 2,343 1,013 1.320 6.530 114,403 1,695 1.169 1.412 128.425 128 425 123705 & Donatknrn Glwn R•s¢ri¢tod Fund$ Total Fund& 2024 T¢)tal FurbJ5 2023 Funds Donatv)n¥ GN¢n To Ot￿r ￿ganisatr￿s & ChaTito$ 34.tto Page 13 THE WALTHAM FOREST ISLAMIC ASSOCIATION NOTES TO THE FIA4CIIL STATEMENTS l¢ontlnued} F(Ni THE YEAR ENDED 31 MARCH 2024 6. AdmlnSJtrqthe Ex￿¥e1 ID•t•llBdl R•8trkt0d Fund• Totsi Funds 2024 T¢)ial Funds 2023 Fur 118tsff C08ts & Emolum8rt¥ W•)es &Sak9r1&5 IGrosBI 63.321 62.267 Partlcularn 01omployee8'. The av8rag8 rthib8r ofeThp1o￿ES durtng fv year. t•kAlat8d on th8 basls oflull.ume equiwknts. was as kill0￿. 2024 2023 Number of staff No emplosEe rEreNed remunEratiL¥) Of more Ih*n E80,oOO¢J￿n9 the y8ai12023- NII. There were no InJstee6' r8munof81ion tYofvrbett&ffts forthe y6ar erthd 31 March2024. ill Motor Runnkng & Travolllng 4648 634 5111 Rat¢s. InB¥ron¢g • O¢h•rprop•ty ml•t•d •xp•r￿•S Ral85 Power Light & Heal Propety In5W8n¢x SeoJrty& Fir8 Salety ¢￿an￿o. caretake￿ & Mosque fJo51ng Watsr R8ts8 I￿rtISemen1 ProF4rty Rèpalrs & K4aMitenaN 7.847 55.467 7.519 25.074 7,847 55,467 7,519 25.074 62.284 5.388 724 11.181 10.894 30,352 10.402 5,727 74,508 7.062 1271 724 175 Tèlophono, and Oth•r •xpgn 8,327 Bank c￿[90• Page 14 THE WALTHAM FOREST ISLAMIC ASSOCIATION NOTES TO THE FIANCIAL STATEMENTS l¢ontinued FOR THE YEAR ENDED 31 MARCH 2024 6. Admlnlstratlve Expense$ Detsllod Contlnuodl Unrestrfcted Funds Ro5trict•d Funds Totsl Fund8 2024 Totsl Funds 2023 vil Aud1( Accountancy & L•gal and PrOf￿10n41 Fegs Accounlancy & Bookkeeplng Audrtors Remuneration Legal & Professi¢)nal Fee 4,594 4.200 4,5S4 4,200 3,954 4,800 8,794 8.794 8,754 vlil D•preei•titsn Depreciation on Tangible Fixed Assets 1 S.790 Page 15 THE WALTHAM FOREST 15LAMIC ASSOCIATION tr￿TE8 TO TNE FIANC14L STATEMENT8 FOR THE YEIII ElIt*D 31 ￿ARCH 2024 L•nO$ 8ylldin9 IDvvtsn•nt Conb ProF•r￿ E4ulwnvtht Mot V•hW Fliu Nxthln•ry Al￿01 W12023 Adthsxs 7.￿2.￿19 14.442 2.777.3BI B.7e8 J1A42 11J,687JJ44 20051 iDI￿vEstMEntP[wrth GJ*il Los￿50￿ It31 pAarch 2024 37 10 Ai a101 ￿￿￿2025 ChgroefNth•war AB •t31 March 2024 17.109 187.012 •ie6 3,429 2) N•tBook V*lub PA4t31 Mat¢h 2024 7 647 J57 94 A•4t31 M4t¢h 2921 81S 2 177 301 73 8.SiOC ￿m￿s￿Off￿r￿￿boxeS1nd ￿her[une[all￿the￿ IS¥i*Jtdatth•￿0f¢￿laft1tsretre8ll￿e *•￿e. 2•23 15 THE WALTHAM FOREST ISLAMIC ASSOCIATION NOTES TO THE FrANC￿L STATEMENTS Icontlnuodl FOR THE YEAR ENDED 31 MARCH 2024 10. Ca8h In ￿nd and at Bank 2024 2023 8ardays Bank Cash in Han 434,791 16.82CI 343.243 13.428 11. ¢redltor• 2024 2023 Ac(xu8 Seojrity deposit rent pay8ble Sadqa Zakat Payab EducatFon payable Wages and Salary Control Af£rAJnl sw.al Se¢Ltrity & Taxation 8,190 1,800 135,973 1.$09 3.1S0 4.898 7,400 1.800 33.368 3.478 155 518 11 Creditors: Amounts Falling Due Aft•r More Than One Year 2024 2023 Qarz e H8s6ana 1.21&60D Qarz E H88na an intere8tfree Itsng lemi loan with no ffixed tsrms ol repaymgnt. 13. Unrnstrlct4d In¢om• Fund$ Balance at 01Apr&23 Incoming rooour¢•8 R•valuation of Prloryear Lond & Bulldlng• #dI￿tM0nts Bal•n¢• at 314tsr.24 General Funds 9 433,306 116 371 14. AnalyBi8 of Not Awts B¢tw••n Fund8 Unrn•tri¢led Fund• Totsl Funds 2024 Totsl Funds 3023 Tangib￿ frxed assets Curr8nt as58t5 Credrtors kn than 1 year c￿dItOrS greater than 1 >*ar 10,466,846 456.949 1155.5181 1218.600 10,466.846 456,949 1155,5181 1218600 10,462,586 360,858 154,3381 1335 800 9 549 677 9 549 677 9 433 306 Page 17