MASJID ABU BAKR WALTHAMSTOW
MASJID ABU BAKR IS PLACE OF WORSHIP, IT OFFERS FAMILY EDUCATIONAL CLASSES, MARRIAGE SERVICES AND BEREAVEMENT COUNSELLING AND LEGAL ADVICE. THE MASJID STANDS AS A PILLAR WITHIN THE COMMUNITY AND HELPS CONNECT DIVERSE GROUPS OF PEOPLE AND IS AN ACTIVE PARTICIPANT WITHIN ALL FAITH COMMUNITIES.
Objects
TO ADVANCE THE ISLAMIC RELIGION IN WALTHAMSTOW FOR THE BENEFIT OF THE PUBLIC, IN ACCORDANCE WITH THE BELIEFS AND PRACTICES OF THE SUNNI HANAFI DEOBANDI SCHOOL OF THOUGHT, IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF A MASJID AND THE HOLDING OF PRAYER MEETINGS, LECTURES, PUBLIC CELEBRATIONS OF RELIGIOUS FESTIVALS AND THE PUBLICATION AND DISTRIBUTION OF LITERATURE TO ENLIGHTEN OTHERS ABOUT THE ISLAMIC RELIGION.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £196,990 for the year, increasing total unrestricted reserves to £2,677,666. However, the trustees report that cash at bank of £144,805 is below their stated policy target of approximately £134,000 (which represents six months of expenses excluding depreciation), noting they are actively planning to raise funds to meet this standard. The charity also holds an investment property valued at £675,000 and has significant creditors of £571,485, largely comprised of interest-free loans from the community.
What the accounts disclose
“Cash at bank and in hand at 31 January 2025 amounted to £144,805, the trustees consider this figure to be below the standard they require” — page 6
“The trustees are confident of continuous support from the community. It is for this reason the accounts have been prepared on going concern basis.”
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Register events
- Received assets from another charity (17/01/2025)
Trustees
- Mohammed Asim Razaqchair
- Iftikhar Ali
- Imran Majid
- Kamran Anwar
- MOHSIN VAID
- Mohsin Sheikh
- Sayed Jamaal Rashid
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £472k | £275k |
| 31/01/2024 | £408k | £280k |
| 31/01/2023 | £0 | £0 |
| 31/01/2022 | £0 | £0 |
Common questions
Is MASJID ABU BAKR WALTHAMSTOW financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a surplus of £196,990 for the year, increasing total unrestricted reserves to £2,677,666. However, the trustees report that cash at bank of £144,805 is below their stated policy target of approximately £134,000 (which represents six months of expenses excluding depreciation), noting they are actively planning to raise funds to meet this standard. The charity also holds an investment property valued at £675,000 and has significant creditors of £571,485, largely comprised of interest-free loans from the community. Its FY2025 accounts were independently examined.