THE WALTHAM FOREST ISLAMIC ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity HuMr 270323
THE WALTHAM FOREST ISLAMIC ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Members of the Boad and professlonal advisers Trustees Annual Report 2to4 1rKlependl auditor's report to the members 5t07 Statement of financial activities Balance sheèt Cash flow slalemenl 10 Notes to the financial statements 11to17
THE WALTHAM FOREST ISLAMIC ASSOCIATION MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Re9iStered Crity THEWALTMAM FOREST ISLAMICASSOCL4TION frar numtr 270323 ddress 439451 Lea Bridge Road Len London EIO 7EA EYe¢ut managemoht ¢ommMts8 Mr Ch Abyul Majid Mr RajaA8mir H8b Mr Raja Moh&mmed ltya3 ansoor Ramzan PAr Ram78n Abrahhm Mr Hafiz AiAkb8r Mr Nisgrrned {Pre5idgnt) 1Ce prIen1) IGen2ral Secielaryl Ipssisianl Gerwal Seuesaryl ITr9H6urerl IIAr Treasurerl (Chairman Grove Ro8dl Committee IArGhulam E HathrMi rS8jid Butt Ch Ni5BrAhmgd UrT&rKI mo0y Ilrlrfan Khalv4 Ilr Ch Saqib Hvss•Tr Ilr Mustaf8 Abb88 Mr Nadeern Ran sterting Solubl Lb 37 York Road HfoTd IG1 3AD TC PrimarA Lid statuloryAudrfLK IstFb)N. Spiialfidds Hou¥9. sts.rfiw Way. 8orehamwoDd eTllordshire VVD6 2FX Bankers B•s Bank P 276 Slr8BI IPl£lthamsknw London E17 9QE faÉe i
THE WALTHAM FOREST ISLAMIC ASSOCIATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustee$ present their r8prK and Ihe fnanoal ststements oflhe ¢h8rity tr thg year #rthd 31 March 2025. R•for•ne• and Admlnlstratlv• dotallB Reglstor8d charrty namp: Waltham F¢Yest IslamlcAs8ocialhin Charlty roglstratlon 270323 ptrtpal offi¢•: 439451 L8a Bridg• Road Leyton LoThlon E10 7EA The truste•s who 80rv8d the charty dufiro the period w¢r¥ gs lolbws.. Mr Moh8mmad Yous&f Mr Imran Razzak Mr Mahboob Wi Syeol Akmar Haa$an StrtUre. qovernonce ond managoment Gov•rnln9 Do¢umont ¢harlty 1$ govemed ty a conslltutlon adopted In M8y 1975 and last updated InAwu$12021. Ttru118eS are elected for frfe 8nd 8re eXfficI0 members ofttE TnanagementGnt[Mttee $ible for Ihe gewal Contr and managemerrt dthe charity. Thetwsteey 9ive thelr bme fr8ely¥md recsve no remurrth"on otherfin&ncl berfrfs. The management cornttee mee1$ conducl Ihe busthess oflhe th8rity. Tlwe rneetiiy folk)wa fomial wda aTrJ deu¥ion5 are b8$Èd w 8 sime mrfty. Al monthty ftwbngs ts c¥xfimet agrees the broad 51ralew and a86 of arAivltyforll tharity induthrvj re%wves risk rnanagement, TEIallon5hlp$l othergrDy and tharftles 8rKJ indiv1duS, WlcSes and pwForffl. Trultse induction and training NewtrJ51ees are biiefed on tsir al oblvJ4ons under charity law. Ihe njes ard WU10$ Oft thrity. Ihe m8n8ganent ¢ommittee and tded$n Marg pros8e3 recent anu projecled financial rf0mlare0f1h8 tharty. Pa8e 2
THE WALTHAM FOREST ISLAMIC ASSOCIATION
TRUST ANF4jALREPT InUrt)
FOR THE YEARENDED 31 fAAReH 2r125
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THE WALTHAM FOREST ISLAMIC ASSOCJATION TrUSTEES ANNVAL REPORT {contiued) FOR THE YEAR ENDED 31 MAR¢H 2025 Tne trvslees expect Ihe illWrna to contrue in upw8rd tr8ctory iThai 8H COVKI restdaons nave eas80 am fiom811ty ba$ relumed. They further dMaih)n$ to Incre888 sn¢8 once K4awlng apwov * ootain8J fDf nEW Chiwfcid 51tèwhIchil è6 noY4)) as VVFIA ChIngfd CommMrtyCenire. Th8 uu5Lees re hurnbd by Ine elmLwes WJPPOrt wlEn a wJe5t for Interest fr kn5 donat$ we rnade foi purchaslng cThfftgfo $2. We aFrtpate an orgixry pe0d vthere IDiereBt free WMI nelp 3Tr1 support de¥0mn1•f IheC)inglord prqed Triisieo6' r•sptsnsiblllll&8 tslatement The reSponb for piEpary the trusiee5' Fewn and th¢ fin8n $iaiemenls 8c¢VftJan ¥plic4bl¢ low and United KgdOrn Accountiry staards (Unw KInrn Genevaly AtteP1 Accourfng PB¢Ul. The appThCabt0 charftie5 In EngkTrJ and W8188 reqirires the buiÈestO ry8P8iefinan(J Itsments foi eath J¥ Wh1¢h9 a Iwe and lar al th¢ ot •ff¥irs of the ¢h8nty &rKI of Iiie cOmIN I85#t8$ 8PPli¢•tson of re$tsur¢th. of trecharty loi Ihol perloLI. In prnparfng th8s6 rtharrial$tstements, Ihe by¥teeg werequTrd lo.. electsJIao pJki8s then Eppty cc515tlty. <> observe the melh¢dB and 8p[lable Chlfj6s SORP: ¢> maxeludgrnen and vslim8lF¥ IW 8tE reJsDn3ble8nd ppjdentr. prepare the flnarKièl $tatemnt8 gDing fOTWXln bosis unlE55 tt ly Inapprcpfjate to piefft Ih the Gharlty 41 ¢wbn in businBss. Th& $1888 ate re8ptyisltla fw ke8ping Bdequale accoti reraxdB that am fyuffirl&rt to Show ¥Ld thè lBn$8¢U0 dYsth$e wih rea8onable accwary al any Urna ihe finantxal PCtsi¥on ollhE ttArhy and enable itm ID ensut ai fin¥nr4ai stalernentts eoffljty wlth the Charihes £12011. the appltt9b Chae5 (Aecounts and RepDrt$l Re4ul8bM8, tne prow$ions of the Tru81 De Tley we a ¢sponsibfe lor safrguardinp the Dlth• charity ar fur l&ki ieasonable steps forthe preverfon 8nd Ode01 frdud oLh*¥tByu181it1è8. Mr Moha mad YouHaf r Imr•n R•t2ak rMahboDbAII Sy•d Akhtar Hassa PAKe4
THE WALTHAM FOREST ISLAMIC ASSOCIATION INDEPE14DEWT AUThTOffS REPORT TO TrE MEMBERS OF ThEWALTHAM FOREST ISLAMICAS80CIATrON FOR THE YEAR ENDEO 31 MARCH 2025 Oplnknl We have a¥ditttl thè $tsierfnts ofTHE WALTHAM FOREST ISLAM ASSOCNTION Itf'rharlabkn truBfj for the yeor ended 31 MNRCH 2025. ffin8Klal reporbng frarnBvrk that has teTh appllÈd In thélr prepaM)n is apFlkabfe I d Uniled Kinodom AUtin0 Standards. incIlia Fin8noal Rewrfing Standard 102 Thé Fln8nu81 Repojtmg Stsnd8 appl1)1 tn Iha UK end Republic of Ifelènd (Unw ng(b)M Gera11YApted Arwunlhig ProGtitel. In tyjrwrmonthe fin81815terrn1. wè a truè fatr vkn of the state or the c8W8 affair5 85 * 31 MARCH 2025 and of lis Inc<•Mho reswrces 4)p1th)n resou$. il¥ irKonE ondexF¢nddfft, ftsrthtrth ended," ha been prcyerfy rrfepa in 8ro)rdoncÉ Unfted Gal plre., •rxl e W prEpared rn xcordanpwhh thè requirements olihe Ch8rilies Act 2011. foroplnlon We dude tyjr 8u('l in xcordance Interrotirm4 Standard& on Audttlno (UKI IISAS IUK)18nd Spicae •. Our re5ponsib51ities under those standards are fvrfher deg(xtEd in the ALvJfv)¢• retsponsiLrtS for the audit of the StrMeN5 seckn ofour repcd We are independent of the L8thbiè ump8ny In xcordanca the etli1 w¥wetnents that We retevanl lo our 8y¢II ofthe financ&41 staMts in the UK, IrILlI0 the FRC'S ElhKal Standard. and have luhIld our olher ethi(¥l rèspmibiltios in accordance lth these requirents. We bel&ve th81 the audtt have obtsinad IS 5uffityent and Opproprlato p8 b8sbftwr On. ContluJioM to gokng eonc•rn In ludn0 th& finanLW st8t8m8nl& hwe 0)luded trpt the dire¢tes ust of Ihè otslng o)ntsm bas of8ccounb"w in th? prepathtion ofthe fmandal slaternts is 8woprfol8. Based on the have performéd. we have any material wcertainb.es relgb.ng to events or condikns thaL dlvkyualtyor collectNely. fflay (st svJnth(xnt doubl the company's abilty lo collts"nLEa6 a for a p8rbJd ofat l&ast eTh0nths frorn thefirnanrxd statemwts are aulhodsed for iwe. Our re¥onsibilrtEs and the resposiblkl5 oflhe dIre)r respecl to aoSng CCCeM we described in le¥&nt serkn8 oflhls report. ¢)th•r Inlomfjon Tht tmee8 8r6 respons5118 br ts other infcfrrotirm. The other information (Xjmpri the Inform8tion Indje in the trustoes, annual report. otr ihan Ihe finan(i4 5ts1errentts Éhd our •udknffs port lher. Our opinion cn the financial statemenis doe5 not co¥8r th• Olher infDrrnation aThJ. except io the extant othernvlse explKffjy staled In (w repDrt. wè do noi exsY8SS 8ny form orassur¢duth thEreon. ?e5
THE YIALTHAM FOREST ISLAMIC ASSOCIATION INDEPENDENT AUDThOR'S REPORT TO ThE MEMBERS OF THE VIALTHAM FOREST ISLAIIIC ASs0N l¢orttlnwdl FOR THE YEAR ENDED 31 2025 In ctyrncuon Ylth audll ol the financ4al staterrents. our rEsportsitrAty is t¢ 8 tr othèr inforniatson and, In dolrrfJ 50. c£1er Yknether the Dther infomialon Is maiedally Incor6lstent wlh the final 51alwrEnls ty ovr kYledge obtaln8d In the 8udlt othemise appears lo té materially mlssiated. If k1enbty such material ineortsistenues or aPPÈTent material mr6sts1Pnts, v are requlred lo determine %4thether there t5 a malerial nNs$tstsmenl In Ihe fin8ndal staleFrents or a Inat14 ry¥S5men1 olts ¢)tsr infomalion. Ir, ba8J on IhewDrk have perffrfrrrd. that Ihwe 18 a malefial Issrneto1 IINS otrEr IrrforTnatiM, * a reqred lo reportthal facL We have nothirwJ to reporf ttis ryard. Mott•rs M whkh ar• requlrod to rnport ty oxceptbn We ha% nothing to reptKI ITr re5rk¢t of Ihe follon9 matLers In rdatbn the Chafft& {Accounts and RepJrtBI Regulations 2QYJ8 rewires u5 to reptrtto y(Ki if, in wr (Wnlon." 8daquate accountsThJ rerJ7rd¥ have not been kept by ., Ihe finandal statemort$ a not In ¥gwntAth acwunllThJ r8r¥)rds and relums.. or have Th)t rece Ill iiformab'on explanatlons rewire for our at. RpOnsIAl15 of trtee As expL4wed rtK)re lulty in ts twst685' iesponsibilitS statement get out on page 3, trLJ&ee& are responslble for Ihe preparation of the financial 5ts1ernents and far being satisfied that IW glve a tru8 and fglr ew. and for $wh intemal control as Ihe trustees determine is 1CeSSary lo enaNe the preparation Qf fin81 statwnents Ihal ar8 fvee from material mk%$tatenr( %iher dua to fraud or error. In preparfr#J the finandal stsleffonts, the ttee$ are respon5iblE for 8ssesn9 Ihe chadl814è ¢anS ability to conbnue a$ a goiN4 Lorn. d1sd0sl. as ¥piicable. M3tt5 rdated tD 9oln9 ond the goiry cmm ba8 ol accoLnbffj unles$ ts Iru&t88$ 81th8r intend lo Idate Ihe tharitae trLL%t or ity $¢ cperalcn$, or have Trj reali5b"c 8liemati¥e but lo do 50. Extentto whkh thOalWa1 con$Wgr•d upabl• QI dthctlng 1rr4gular11198, Ir1J19 fraud oblecli¥es of our audit. in pert to fraud, e." lo ¥Jentify and assess ihe risKs of mi551atemenl the ffnanri Btaterrtnls due to fraud.. to obtain 5uffident appropd81È auditeden regardlrvJ Ihe assessed thsks of matenal mi55talernent due toirajd, through de&gnlng and Impl8merfrvJ sppropdate rfysptyise$". aThJ to respond •wopriatetyto fraud or SSpeCl fraud identyfied Ihe 8lit. HoeVer, the prlmary resrN)nsibilty the preverfon detethDn of fraud both Jse Charg wlh gObErnan ofthe entity8 Its maftagement. CJrapproa¢h %Yas a$ fdlm". We iderlthd are85 L IM wu18llork8 Ihat Ck1 leason8Y be expecled lo have a effeot on Ihe fin8nclal statents from our general rornrner¢i81 arnl $ecttsr expÈdenc£. and through di5CLBsion 11 dire¢tor$ othèr mat9M{Ss requiied by audSUng 51andardsl. and di$cus$td Ihe dlrectors and Olher managemefit the polities and prOdureS r¥ing comWlanc law8 and regulau0.. P46È6
THE WALTHAM FOREST ISLAWC ASSOCIATION INDEPENDENT AUDIToifs IIEPORT TO THE MEMBERS OF WALTHAM FOREST ISLAMIC ASSOCIATION l¢anUnu&l1 FOR THE YEAR ENDED 31 MARCH 2025 We pJenlifipAJ fthby•my wea5 85 th0 mDSt lety to hav8 5uth an t.. Ganeral Data Protection RegwIatfi IGDPRI., fraud and brbery and ¢{POn. Auditi'ng $tsndgrds limit the rul1&y audrt projre$ to Klenlfy non-txmtAlance with th Iw$ 8TrJ regulatwM lo enqulry of thetrustees arNI other managemènt and insF¢Ction crf wtylatory and Wl coffesFond8nce, rf any. The k1entffA actual su¥wkd nOr1nL was not suffi¢ientty to our audtt to resutt li our ¥8SPDMe LEirwJ ulentthed a$ a kgy audh rn3tter. We ¢(x)sTrJered ihe al and reguklory fram)$ directly applicable to th8 finanual $tmant8 reporn9 fram8th IFRS 102 arxl the Charl$ Ad 20111 and Ihe rekvont bx ojmplrE TEuulotion$ in th8 UK; We slre th8 nBlure of Ihe industry. the environment 8MI bu$ing55 PerfoanCe, the key drws for mAnggennt's remu[. We mMUna thrkliw lhrtyjghrt wr te 4nd remained lert to any indtafjons of non- ethN)lnc8 1hrchrXrt the 8Jit,. We cons•red ar¥J cortrda that the thaty has establi5hd to addre$s kS vjentilknl. or that otlENi5e pmort d81u and dew fr?J. aj hLwsenK)r management MlrtoIS those prc¥Jramme8 8Tr1 wntrcds. Based on thi5 we de5KJnÈd oui audit procedures to h1entfy Don-c]1nc8 wlh su( ¥ws and reyulatx)n$. Where the k was rJ)rsbJered to t¢ h•Jher. we perfoed audit wccalure5 to ad(ess 88th thY•)tffAI fraud k. These prrKedures ffted.. t85ting manual journaL%.' reVItrr the finanrAal $tatsm8Trt dI5e5 testing to sur¥x)rfing documentat¥)n". rrfomwo gnaMiGal prc£edures.' and enquinng of man8gwn8nt. 8nd re design8d to provije rOnable 8sswance Ihalth8 ffinarKiBI 5ts1ewts we free fmm fraud or 81ror. Owmg lo the rent limitations of an aud, there L% an unavcldable risk that may nol VE detected Sl mri81 misstalemen15 In the financial S1ents, even Ihough we have pryrty pLgnned and r£rf0d ouraudit in acCOaNt with 8udthng standards. For ex8rnp. the furtsr removed nowjmpfkqnce wtih Iws and leguLathS (irrtyuLqrrtSI 15 from the 8verts and tran5tK)ns refded in fin8ncial statements, the likety the Inherentty pr¢edre¥ requi by audth'ro 5tsndards woubj pJenlly it. The fisk is 8150 greater regarding Iegurit ocCU1n9 Llu8 lo fraud ralher Ihan ¢rror. a8 fra1 invofves it)t8nti)nal conknent, frjrgery, ¢oUusJrb. omission or misreprasentstion We are not resp($16 for VIentl9 ThyKtynWianc8 and Eonmt be 8XFeded to detect noTrCoMl4nc4 wbth 41 L9 and rngukt&Jns. A fijrther d&SCl%)n of ow resPC•5]1 8vasiibb on the FinNnttial ReportirwJ CouneJfs website at: MI..}¥.frc.Org.audrtThSrespOnthlliIlt$. Thi8 dep'On Ioryn5 Partofour audlorfs rep U8• r•ptyt report i8 made sowtothe ¢h8rtys membe[5. 9$ a W, in atxordants with th8 Chawrf•$ Act 2011. Ow3udii ork has b88n uThlerlaken so Ihal fflwaht slaia to IhB tharitws member5 those matss We aro to Stste io him #) an audrto¢5 report and for no other puw. To the fvlkst extent F4mitted by la, do noi or 8ssirne re5pon$ibrfty to anyope dh6r than thE Glorty and the chars mwnbers, a5 a bth. for our audit woth, lor this rerth, w for the CPhiions we have (Senlor $i0ry Aud*orl for and on behaWolTC Group Statutory Auditors 30.01.2026 Olf8.. Borehamwood P¥8è7
7HE WALTHAM FOREST ISLAMIC ASSOCIATION STATEIAENTOF FINANCL4L AClnWmE8 FC THEYEAR ENDED 31 MARCH 2021 51mJff2026 311)a12024 RHtriGted Fur Toi Funds Not• Incrffjlw R••wrc•B eiBth9finds. 575.925 575.925 89.527 1D4,470 TxiI In¢omlTrJ 641931 114A25 114.425 128,425 DThisWon$Ghwn 107.791 107.7è1 31,210 nbintrthEXPW 53,32f MOtorRunnkno$Tr4¥el 2.eeo R&t&s. & er0P1led 1se.84 1%.649 17$, 8lk CW•S 1.83 1.240 L1 WesOnFees 8.794 14.875 14.075 19.790 472114 472M14 N•tMovNtuftUd 192 T¢t•lfrJTrts brnyllbtfpnwd 99,fjTr IIy9,6Tf 9.435.W6 Tgt•lfvthcarrfedlurAd 9742 318 P4llea
THE WALTHAM FOResT ISLAMIC ASSOCIATION ALATrICE SHEE[ FOR THE YEAR ENDED 31 M4R¢H 202$ 311031201S 3110313024 FiApd A55ets-TJr9iWeAwts Freeh(4d Lar & IveFffleni Pro•s B022- R$8&) Plant& Plathinery & Flf IT Eqlan1$ 7.e49.299 2.777.381 77.821 19 t20 7.3e6 27.769 1.547.3S7 2.7YI,381 86.468 t7.894 6.B91 30.855 10,558,? 1Q,466,816 ¢uirtrtA$6ets Slrtk QItsrre¥ab Cash kn HoThJ &earh 8r 1.aoD 3.725 311.4UQ 316.120 4,325 10 4a6.949 Cr¢dllors'. F¥lllng 41Nn On8 Y•ar 81,S66 ryent 234 3D1 431 10.791315 10.71F,177 Cr¢ditors- Amount¥ Fblltllg D Athr Mor•Th•n On&YkaT 01tr L9 Tfnn Lo 1Z 11,051.CODI 11.210.6L¥J 9 742 315 9.54671 CapitalAcEou Utrj IrKofiw Fur S49.677 Ttrrt5e & slwed bylhe bOwdoftrwtefj8d arth[ed t0 Mi M¢hafflrnpd Yow•l i Imrnn R¥zzak bAII 5y¢O AkbtarHè&in PAW9
THE WALTHAM FOREST ISLAMIC ASSOCIATION CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2026 51 Pknr 2026 31 Mir 2024 NetM0ment offund 192ffj38 116.371 Adluskn4rt for. DepreoatK)n 14.675 15,79Q 207.313 132,101 l)v•m•rts In wortbng capttal: Ith¢se) l(kuease In stock {th¢re8} ItWe8se In trade and other w4Y•btes IDecreasel I lrtrease Sn Ir8de and olher payablgs duE than 1 YT ID&a$I l irKrèasÉ h) trade and Oiher payab f3 600 173.9521 167.6(Y) 399 11.5501 101.160 117.2001 C•¥h yrwJr•tsd Irom OperaOnI l Net caEh IID frorn acllvWè 133.6261 114.gyj In¥119 •Ctfvth¥ Purch858 ofproperty. pf8nl and equlpftrt 1106.585 I&,001 N•tlnern••el Ido¢veu•Tr In ond ¢a¥h eq•letr 94940 Cash cash equiv8nts at beginrdry ofyeèv 451.611 356,671 Cash and u•h gquhalpnts •¢gr ofyvr 311,400 451,811 The notes¢n paw llto 17from part of iheseflnandal statements. age io
THE WALTHAM FOREST ISLAMIC ASSOCIATION NOTES TO THE FIANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General infonnation The thartyi88 publi¢ tenefilently and • Wlytered tharity in EngTr and Walos ¥nd 1$ uninwrpDrAkd. The addres8 olthe pnncipal office Is 439451 L•a Bridg• Road. Leylon, London E10 7EA. Statement of compllanc• ThgEo Statements ha¥è prepar6d In compllwce FRS 102.'Th• Fin•ndal RWin9 Skndard 8M7ltabl8 In tho UK and the Republicof Iro18nd', the StatemBnt of Recommended Pra¢ticg applicable to 1. Ac¢ounUnq Pollcle• 8aB18 of prep4Trtlon Thenaal gt8tsments hav8 be8n kYep8r onth6hMtsric81 cost b9¥i¥. g¥ rn<yJifd bytherevaluabon ofcartsln ITn&ndal assets and liabdities and investment propert$ measured al fairvalue through income or expendthjrt. The finarKk9181alementsare wepared in 1, %thith Nlhtfrjnctityrtal <JJrontyoftrenbty. Golng ¢on¢ern The Irustees hav& a r88sonabk expectation that the Charity has adequ8ie resources to ¢ontinu¢ in operational ex515tenGe forlhefOseeaty future. The Iruslees regard the fore5egabk fulure as bÈing no less than h¥elve monlhs folkning thè publicab)n olthe Charitys financial slalernenl¥. The truslees have ¢on$h1ered the charivs baLqnc sheet Position and reserves as 8tth8 year and, the future plans forlhe chawitytaking account of re8S8nabty possible chan9ès in in¢ty))& of the ¢harity and are satisfied that th8 chgtity has suffiuent ie50urrk5 to remaln In op8ralional eXsi8tj). ActtJrdiTrJly, they hav? adopted going conc8rn basls Inprop8ring theso finan¢hql $lat8ments. Incomlng r88ourc88 l irr4mg iB50urc•&are 1Cluded in the ststsmèni of fina87 ¥ctiTrllbes when enifftiernenl ha5 passed to the chwdy." il i8 probab th81 the economic lenefits a550C48t8d with Ihe Irgn$a¢l wlllfftw lo Ihe ¢haiity 8nd the amount can be relvabty measud. following specific PJ105 are apPld to partUlar catepDries of Inco.. from dQn8llon$ orgrants ts recogni88d Iwe ig d$n¢¢oleOffll toth8 gift, receipt 15 probabkn and its amount can be measuied reliably. logacy hicome is remgni52d when rec4iptis fvblo and entillernent Is e¥tatli¥hed. in¢on from dfyi8tedgood5 is me8suredBll [81rlOf1h8 gotsJ$unltS8 i8 imp[aGiallts mea$ure reliably, in which case the value ts derived from the cesl tothe donor orthe e5tinated resak v8lu. Donated faalilies and seTViC8$ are recognised in the 8ccoun15 when r•Nived if Ihe value tan be reliabty asur8d. No 8mount5 are included for Ihe conlrknutron of general volunt¢grs. incOff wnlrusfor th¢$uppty of ¥e{ViL ren]h Iht d$liveryof contraded seryi¢È. Thi$ Is ¢$sle1 as unrestricted funds there is a cortraclual requiromenl f¢rit10 b• $pent on a particular purpose and returned R•$ourc•s •xp•nd•d Ew2nditU 18 rott¥niJ onan accru8l$basis as8 Ikqbilty 13 incurred. EXdire includtS8nyVATwhkh carmot bofJty reTed. k%dessfpdtsidw (rA80fa ststémantoffinanualac¥rt*$ b)thith 11 rebts$' Page 11
THE WALTHAM FOREST ISLAMIC ASSOCIAT1014
NOTES TO THE NAIICIAL STATEMENTS
FOR THE YEIR ENDED 31 MARCH 2026
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THE WALTHAM FOREST ISLAPIIC ASSOCIATION NOTES TO THE FIANCIAL STATEMENTS (conned) FOR ThIE YEAR ENDED 31 MARCH 2025 lthvenent Intome UnMt1léd Fund¥ Re8tvlct•d Fund¥ rotsl Funds 2026 Totjl FI% 2024 Rentsl Irthrr From ProperbO$ 89,027 Dlrg¢tCog1• R•strlctsd Fund• Total Funds 2D15 T0101 Fund• 2024 Fund Opening Sloc- Funernl Boxes Funeral Eypense5 MadsEa Educ•lon. Book5 8 E11 Social Acti¥ite8 1 Subststsr Radkns Cbsino Strxk- Fun8ral Box0$ 1,013 13,584 98.107 1.245 1,476 1.013 13.584 98.107 1.245 1.476 1.412 5.392 118.52D 1,771 2,343 1.013 & Oofiatlons Gfvon UnrostrT¢tsd R•thtted Fnd8 Fund$ Totsi Fund¥ 20Z5 Funda 2024 Gl¥en To Other Oroanisations & Cknfjtes 107 791 34.210 Past 13
THE WALTHAM FOREST ISLAMIC A&8OCIATI¢J4 140TES TO THE FLANCIALSTATEMENTS Icontlnu•dl FOR THEYEAR ENDED31 MARCH 2025 &Admlnl•tr4Yv• Exporn91 Itlstslledl Unresirtctéd Totsl FuTrJ$ 2fy24 Funds 11 st4ff Emoknnents ¢$ & Salth (Gro$81 The Av•we ofernpWoA durtrvJther. c4kJthoted cnthe baJiB ofJrn0 04uwOnX a1.. 2024 Numbw¢fgthff No emkNO r6owv•d romunerakn ofnxtstrn£eo.000 dwiry yaAr (2024. NM). Ther¢*rt notye¥ lenNer&IorothVbenthjfQreYOBrend9ts 31 Morch 2tr25. l MotorRunnirf S Tiav•iiiny 2,8BO l Rat•4 In%ranCe% OtherpropErty relatud oxpen 10,373 35,027 8,525 10,m $5,027 ,525 17.41$ 89.138 .419 7.647 5S.4e7 7.519 2S,074 62,284 5,388 724 Lnt & Heot ProKArty Inyurar Security& Flresafety Cleaniw. Caretakers & Water Ratsg AdvertSserrEnl Prowty Rewr8 & mnterAr• 68,136 8,41$ 1,950 6803 e.803 17 fvl Teknph¢)n4, PoFtsBO ¥nd Ottwr office 9.112 v} BankChirB P4e 14
THE WALTHAM FOREST ISLAMIC ASSOCIATION NOTES TO THE FIANCIAL STATEMENTS Icontlnued} FOR THE YEAR ENDED 31 MARCH 2025 6. A(knlnlstratSve Expenge# ID8taNed Contlnued} Unre8trf¢ted Funds R•slrl¢tsd Fund5 Totsl Fun(1s 2025 Tot•1 Funds 2024 vll Audr( Aceounlan¢y & Logal and PrOf10n91 Ftt• ¢ountsn¢y & B¢okkgeplng Audrtors Ramuneration Legal & Profession81 Fee 4,494 4.200 4,494 4,2LKI 4,594 4,200 vii) Depr•cialion Depreaation on Tangibl& FixgJ Ass&ls 14676 790 Page 15
IHE WALThAM FORE8TI8LAm AsWCIA0N NOTES TO THE FioJICLsTA7EENT$¢¢Nn0} FOR TbYWI WIDEDJI MARCH 2ts28 fit& Plr4r BuX4r• PrOPV•• Vqhk (2022. CO•trfFlx¢dAIth A¥at01 Al2r4 7.547.¥1 101.• 2.777•1 37.061 ¢IL(L5¥5fwA •AatJl Maych 2th2S 17nJ at01 W12tsy 19,15T .$95 Bl8 Aiat31 Ilwrh2025 NEt BvDkvuE Alal J1 k1V¢h25 219 420 716 Ai4111 klvch2D24 7 $17J57 &stork g.Debl•T• P•x•16
THE WALTHAM FOREST18LAMIC ASSOCIATION NOTES TO THE FIANCIAL STATEMENTS Icontinuedl FOR THE YEAR EIIDED 31 MARCH 2025 10. ¢a$h In Hand and at Bank 2026 2024 Bar Cash in Harnj 300.674 10.726 311 434.791 16.820 4$1.611 11. Credilofs 2025 2024 Accmjals Securftydepostt rent pay S8ttqa Zakat PaydiAe EiAlon payable Wa98s aj Salarycontrd A¢Munl SocL•l Sewrity& Taxal 8,IbX) 1,800 0,208 1.536 4,409 5.423 8,19J 1,8(KJ 135.973 3,150 81 518 11 CrodltorB: AM018 Falllng Oug Aft•r Thfyn Y1 2025 2024 Qwz e Hass8 Q8rz E Hasna is an interest free low tsm) loan wth nofjx•Y lerfflSofrèpsn8nt. 13. UnrnStrfCt In¢on*FuTh Balanco at OIApTr24 Irh¢omlng RevaluOn of prtoryear rosourc8• L & Bulldlng¥ •djustments B•lart¢•at J1-Mar-2G General FLWYJS 9 549 677 192 638 14 An•lpK¥ olNolAswts Bolw8en Fun Unrostwktsd Fundg Totrl Fwils 2025 T¢lal Fund 2024 Tangible fix8d ats Current assets Creditors les5 Ihan 1 ar Creditors gre8terlhan 1 r 10.558.756 316.125 181.5661 10,858,758 318.125 I81,) 10.466,846 456,949 1155,518) 1218eLhJ 9 742.315 9742315 Page 17