CHARITY REGISTRATION NUMBER 1105086 COMPANY REGISTRATION NUMBER 04759091 SERVE AFCHANISTAN FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 UHY
SERVE AFGHANISTAN LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr P J FIgerald Mr M Larson Mr P J Vander Meulen Ms J M Collins Dr. S Varughese MrMVR Wade Ms J H PO,ell Thomas Mr B W Clark (Appoinled l March 20?5) Secretary Mr M Larson Executive Director Mr K Dhanabalan Charity number 1105086 Company number 04759091 Princip¥l address PO Box 4015 Karte Char Kabul Afgihanistan Registered office CIO UHY Hacker Young 6 Broadfield Court Broadfield Way SheIe7d South Yorkshire S8 OXF Auditors UHY Hacker Young 6 Broadfield Court Rroadfield Way she1¢]d S8 OXF
SERVE AFGHANISTAN LEGALAND ADMINISTRATIVE INFORMATION (CONTINUED) Bankers HSBC 2 Queens Road Aberde¢n AB15 4ZT Azizi Bank Zanbaq Square Kabul Cily Afghanisian Ghazanfar Bank Wazir Akbar Khan Road Sherpur l Oth DisiricL 240000 Kabul
SERVE AFGHANtSTAN CONTENTS Page Trustees, report Siatemenl of iru5lees' responsibilities 10 Indcpendeni auditorfs report Staiement of financial activilies 15- 16 Balance sheet Siatement of cash flows Notcs to the financial statements 19-39
SERVE AFGHANtSTAN
TRUSTEES, REPORT (INCLUDING DIRF.CTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Tlie trustee5 present their annual report and financial statements tor the year ended J l December 2024.
The financial siatemcnts have been prepared in accordance with Ihe accounting policies set out in note I to
th¢ financial statements and comply with ihe chariiablc company's Memorandum and ArticlLs or
Association, the Companies Aci 2006 and "Accounting and Reporting bj Charities.. Siatemeni of
Recommcnded Practice applicable lo charities preparing their accounts in accordance ivith the Financial
Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) lelleLlive l January 2019)"
Legal and Charitable Status
Serve AfLvhanisl
SERVE AFGHANISTAN TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 l. Aehievement of Central Region Hum2nitgrian Response 247 beneficiaries (176 male and 71 lemale) were provided grants for income generation tools. 14 people (5 male and 9 female) took up tailoring. ?9 people look up goat and sheep keeping (18 male and I I female), small grocery, shops were given to 10 males, heifer keeping for 18J pLople ( l )_ male and 51 female). Vehicle tire Ipunciure) repair lools for 4 males, repairing household electrical appliance5 for 2 males. I mal¢ look up mobile repairing, I male took up fruit juice selling, retail tool shop given for I mal¢ and 2 males were provided hand agriculiural tractor. This project has been implemented with the support from Tedrfund Auslr(Ilia and GC Relief. People are getting on an average of 500 AFN per day as a regular income through the incoinc bycneration programines. Two-day business plan iraining w&5 conducted for 246 beneficiaries. Additionally. a two-day livestock iraining7 'aS ¢onducled for 21 I people 'hO opied for livestock rearingF undLr ihL income generation progyramme grant. Topics covered w¢r¢ b¢ii¢r livestock managemeiii praciices. diseases, loLal and prel iminat)r treaimenl, and vaccinaiion. 2. Achievement of Eastern Region Humanitarian response 8) Nangarhar- 201 beneficiaries were provided with income gieneralion iools. 27 people were engia&i¢d in lailoring (l? male 15 females). 4 male provided wilh barber shop. 20 people (18 male and 2 feiiiale) providLd with popcorn making machin¢. 9 people (8 male and I female) were provided fL)ur-wlieel carts and dry, fruit for s¢lling. I male sthrted a fast food stall. 57 peoplL (18 Inale and J9 fLmalL) enLiagie in goat and sheep keeping. 34 pcoplc (?6 male and 8 fen)ale) startL'd gTfoLery shop, S niales started repair workshop for bicycle. bike etc. 4 n)ales engJagi¢d in carpentry work. 2 niales in 501ar work, 9 malcs cngagc in mobilc phonc rcpair work. 2 malcs Selling cosmeiics. ) mal¢s bios selling, I male engage in a juice shop. I male selling niud pots and 8 malL cngilbYL in shoe selling, 7 people (5 male and 2 female) selling cloth and dress¢s and 4 males engage iii cobbler work. 201 people (1 ?9 male and 72 femdle} are getting income from thc income generation programnie SUPPOrt providcd by thi project. The income ranbJLs from 200 to 500 AFN per day. b) LaghFnan- 204 beneficiaries wer¢ provided income generation lools. 30 people ( I I male and 19 l¢mal¢) look UP lailoring. 4 males slarted barber shop, 12 males took" up popcorn business, 8 males took- up selling fruits and vegJetablcs on four-w,heel carts. 47 people (?0 male and 27 female) took up g)oal rearing, 2? males starled small grocer). shop. 42 people (19 male and 2i f¢mal¢) started cow r¢arin8. 12 males took- up tractor machines. 4 niales took up wclding macliine. I male took up lyre puncture Shop. I mal¢ look up painling sliop, I male took up motorbike mechanic shop. I male started mobile repair shop, I male took up steel scrap business, 2 males took- up jewellery, shop. I male look. up elcclronic shop. I male slarted blacksmith shop, I male started Saw sli(Ip. I male butcher shop. I male started pico (mak-ing dress design using a particular Se,in machine) shop. male5 siarted kit¢hen ulensilsi crockery shop. i males slarted cobbler shop. ? males started car mechanic shop, 2 males took up carpentry and 2 males started bic)'cle mechanic shop. 204 people (135 male and 69 female) have Started getting income from the incoiM¢ generation programme. The income ranges from 200 10 240 AFN. 3. AchieTr'ement of Kandahar Region Humanitarian response 216 beneficiaries were provided income generation tools. 12 beneficiarie5 (1 I male and I female) opted for tailoring. 166 people (155 mal¢s and I I female) opted for goat and sheep rearing. 25 people (l? males and J female) opted for small grocery shop and l i males opted for small repair workshop for motorbike. 216 people (201 male and li female) have started gJetting income from the income generation programme. The income ranges from 210 to JOO AFN.
SERVE AFGHANISTAN TRUSTEES, REPORT {CONTINUF,D)(tNCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 HEALTH PROGRAMME H¢alih projects have been implemented in i localions in 2024. They are in Alishang district in Lagliman Province. Panjwayee in Kandahar Province and Kakor in Kabul Province. I. SEHAT Under the SEHAT project, the implemeniation was done in Laghman and Kandahar Province. These projects were funded by the GC Relief. -rhe main focus of Ihe projecl was to focus on pregTiiaiii and lactaiing mother and infants. Common illnesses Ireaied 'Cre common cold. nose, eiir and ihroal diseases, pneuinonia, diarrheal diseases. malaria. gpastric diseases, bone diseases, oral caTr ily diseases, HTN, anaemia. UTI, %kin diseases and irauma. Alislian Pro ect - A healih clinic 'aS set up. I doctor. I niale nurse, I feinale nurse, I Phannacist cum logistic oificer. I Inidw'ife, I vaccinator. I lab iechnician and oiher support staff are running the Qandal i BHC clinic. 3 ?76 people received ireaimeni from health Centre. 131 pregynant won)en consumed IFA tablets. 105 children whose MUAC {Mid Upper Arm Circumference) is normal or above. 917 children goi 17 immunization on BCG. Ilep B. OPV. Penla, PCV, IPV. Measle and TT. 1016 women improved their health staius ihroug)h PSS counselling. 917 children received l MNCI (IniegirdlLd Managemenl of Neonatal and Childhood Illness) services. 655 women/ preginant woinen/laclatin&y mothers were trained. Basic health kits were provided to l O Conimunity Health Workers (CHWS). Pan awa 'ee Pro ¢cl A healih clinic was set up. I doctor. I male nurse, I female nursc, I Pharmacisl cum logistic officer. I midwife, I vaccinator. I lab iechnician and other support staff are running thc Zala Khan BHC clinic. 13,676 people received treatment from the clinic. 4fj0 pregnant women have receiv¢d IFA during prcgynancy. I 100 children have normal MUAC. ?00 hildren received immunizalion on BCG. HF.Bs, ()PV. PENTA. PCV13. RO'I'A, 11)V, and M¢as1¢ Vaccin¢.8. 445 Women Improved their health siatus through PSS. 400 received IMNCI s¢rvices. 184 pregnant and laclating) mothers are with nomial BMI. Basic health kils w'ere provided to 5 Community Health Workers (CHWS). 2. Kakor MCH project Thi5 project is supported by Trust Bridge. Health Clinic was set up by the proj¢ct, doctor and health professionals are running the clinic. A total of 5?0 womcn aged 18 to 50 year5 has increased their knowl¢dge about safe deliveries and dangJer signs during deliil'ery. The percenlage of preg7nant women who received at leLst two TT vaccinations is 650 ' The p¢rc¢ntage of pregJnani women who consumed iron supplements is 800/0. The percentdge of mothers/ families who can name at lea5( thr¢¢ Cssenlial newborn care praLtices is 780/0. Th¢ average number of prcnatal visits done by mothers before delivery. is 620. The number of pregnant women who look ?00 iron and folic acid iablets before delivery is 620. The number of pregJnant w'omen who ere anaemic before delivery is 289. Thc number ol pregnant women who took two rr shots during pregnancy 15 421. The number of ne'born babie5 with nornial weight at birth is 133. The number of children who completed all the courses of vaccines is 2226. The percentage of children given appropriate complementary f¢eding after 6 months of life is 450/0. The number of health camps conducted is 8. The number of people treaied in the health camps are about 5,479 and 1,137 were referred to the ihe clinic. The number of pregnant women treated is 280. Th¢ number of lactating mothers treated is 50?
SERVE AFGHANISTAN TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 EDUCATION PROGRAMME, Serve Afghanistan iinplemcnted Serve Education Programme in Crisis where in the Minority (Pasliai) children were provided preschool class and after school programme in Dara-i-Nur and Sliewa (Kuz Kunar) district in Nangarhar Province. This project is supported by CEDAR Fund. Under this project, School-aged Pashai boy5 and girls affecied by shocks or crises have access to quality, basic education in a safe learning environmenl in their own mother tongue to be equipped to do well in Iheir sludies. In (he preschool prograinme there arc i20 children (??0 B()yS (ind l 00 girls) in I I classes. In the after-school programme, there are i20 children ( 100 Boys and 220 gyirls) in 16 classes. Since the protocol was not signed, classes could not be held rebFularly for the Pashai writing workshop. INCLUSIVE F.DUCATION FOR CHILDRF.N WITH DISABILITIF.S This pi'ojecc aims lo cmpoii'Lr and L'quip insiilulion5 and oi)niinuniiies I0.ardS (he iniegration of children with disability (mainly (hose with visual and hearingi impainnents) into mainslream life. Serve work '1[h Visually Impaired, Hearing Impaired and low vision children. The particular focus has become inclusive education. For suslainabilily. Serve Afghanistan 'ork-S M'ilh Model Schools M,here Ihe school and coii)Inunity take responsibility for (he inLlusion of children witl) disabilities in the educaiion systein and Serve pliases out after 3 years. In 2024. 887 children with disabilities sucli as visually impaired. liearing impaired. low vision elc were supported to continue their education in early intervenlion probyrainiiie. presLliool probyraiiinie, inclusive education prograinine in gyovernnicni scliools and Universilies. Three Projects were implemented in Eastern Region. Central Region and Kandahar RLgiion. l. Serve'5 Eastern Region Inclusii'e Education Project (ERIEP) The project focuses mainly on the hcaring and visual ly impaired children (HI and Vl) and seeks 10 influence the wider communit), in Nangarhar and Lagihman Provinces regparding atlitudes lo children with disabilities (CIIWS). The projL'cl works to improve thc quality of life for cliildrcn wilh disabilitics bv promoting reliabil ilation, equal opportunities. inlegyration and protcclion ot. tlie rights of persons wilh disability, leading to their full participation in educational. economic, social, pol itical and cultural activities in iheir communitics. This project is supported by KNH. Achievemen15 in 2024 inL'luded.. 301 CWD siudents attended homc-bas¢d classes. pre-school proLpramme and inclusive eduLation classes ihis J'ear. 156 HI and 95 Vl students were provided with educational materials. This could rcli¢ve tlie poor parents from spending tlieir hard money for books Instead they could use it for their family needs. Conducted earl), int¢rvention prograinnie for 25 Vl ( I I mal¢ and 14 female) 51ud¢nls. Conducted preschool programme for 40 VI (?2 mal¢ andl 8 female) student5. Conducted home based preparation class for 64 HI (39 male and ?5 female) studcnts. Facililated 73 HI (5? male and 21 female) to attend segregated la55 from KG to grade J. Facilitaled iovls (21 male and 9 female) to attend Inclusive Education class in MOE school. Facilitaled 19 HIS (14 male and 5 female) to attend inclusive education clas5 in MOE school. Referral was don¥ for ?0 Pls to other NGOS for rehabilitative AsSlStanc¢. Advocacy meclings were conducied 6 times with Education Depanment (PED), 16 incentive l¢achers are working with HIS in KG. Grade l & 2. Three (J) intcrpreters are working with J Inclusive cla55es in the Govt. for HIS. 14 Incentive Teachers were hired for teaching 95 Vl siudenls in home-ba5ed program and Inclusive Education in Govt. Schools. Awareness programme on di5abiliry IaS conductcd b>. Master Trainers for 2475 (2245 male and 2JO female) nondisabled students in 5 schools. They Icamed some sign languagc to communicate with the HI 5tudenls in their cla5S.
SERVE AFGHANISTAN TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 2. Central Region Inclusive Education Projecl (CRIEP) The project aims to sirengthen and empower peopl¢ with disabilities to,ardS full participation in every aspect of life utilising rehabilitalion. a.areneSS, advocacy. education. as well as social support. This project is supported by KNH. Tearfund UK and for Braille materials by Linda Norgrove Trust. Aehiei'ements in 2024 included: 4)6 CWDS ivere provided ii'ith educational materials. This could relieve the poor pai-ents from spending Iheir hard money for books instead they could use it for their fainily needs. Preschool classes ere conducted for 51 Vl children (i7 male and 21 female). 94 Vl students (57 male and 30 female) are attending MOE school. The project supported 36 univer5itv students. 2J males could attend their university" studies. Awareness programine5 ..Cre conducted in 20 MoEd and priN'ate schools for 12,500 non- disabled students during the morning as5cmbly on issues of disability, how to communicate with chTldrcn with disability and how to create a conduciv¢ environment. This hclp¢d to create a conducive and supwrtive environmelli for ihe cD5 in schools. Educational materials ere developed and produced based on Ihe government school and university curriculum. All braille books wilh new and old curriculum were checked and verified. 117 low vi5ton books printed- 256 new curriculum braille books printed. This helped the CwD5 10 have timely access 10 siudy materials to continue Iheir education. Books for HI students such as - I si edition sign language diciionary books from grade I to and first, second and ihird edition books for Grade 5 to 12 students. 70 parts sign language books disirtbuted to 52 HI siudents and 18 HI ieach¢r. 140 HI students receiv¢d siationary such as notebook. pen. pencil, eraser. whiteboard. coloured pen and coloured paper ivere also distributed to HI 51udents. Meeting with parents: school authority and shuras were conducted to motivate them to work for the rights of the CWDS. One advocacy meeting w&s conducied with 25 teachers in Ministry of Education school. 3. Kandahar Inclusive Education Project (KIEP) The project aims to provide inclusive educaiion for visually and hcaring-impaired children in government schools. This project is supported by CEDAR Fund. Achievements in 2024 included: Tlie project supponed 150 CWDS {121 Hearing Impaired and 29 Visually Impaired) to have access to quality education. 21 Fll and ?2 VT CWDS are in preschool program. l 00 HI and 7 Vl CWDS are in inclusive education classes in government schools. 107 CWDS were promoted to high classes with a good grade and are continuing their siudi¢s in government schools. Provided stationary and oiher education materials to l 00 HI students (88 boys and 12 girls). Braille A4 papers were supplied to 7 Vl students in 6 schools at varying times according to their needs. Conducted 2 /2 hours olclasses for the Vls by the Incentive Teachers. For HI students teaching done during the regular class hours by AfsL iranslaior's according7 10 th¢ class schedule in the school. I LV and I Pl were refeed io E)'e Hospital and Handicap Intemational for treatment.
SERVE AFGHANISTAN TRUSTEES, REPORT (CONTINUED)(INCLUDING DTRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 EMERGENCY RELIEF PROC.R.4MME DuringJ ?0?4. tl)e charits. undertook Emergenc). relief progrdmme in differeni location of the county in response 10 the effects of the conflici and crisis situation in Afglianislan. Total of two relief operation% were carried out. Total 01740 families 'ere reached though the relief operalion. Baghlan Flood Relief - With the support of Tearfund Australia. Tearfund IJK and CEDAR F"und, emergency relief was conducted for 630 families. Oul of the total 6iO families. 144 was supported by Tearfund UK, 382 by Tearfund Australia and 104 by CEDAR Fund. An cash amount of I 1,000 Alghani per famil). was provided to each family in lin¢ wilh the Minimum Expenditure Basket under Multi-Purpose Cash Assistance (April 2024) set by Afghani5lan Cash and Voucher working group (CVWG). The disti'ibulion was done on l ?th & 13th of June 2024 ai DDMO building. Markazi dislrict. Baglilan Province with the prc-approval of ihe government. The disiribution was done in Ilie presence of governm¢nt represenlives. Forced Returnees Relief project- ThL relief was supponed bk KNH. The relief progjraniiiie covered ? l O faimilies. In Alishang and Meht¢rlam districts in LagFhman Province. distribution for l 00 households was don¢ on l February ?0?4 and l O households on 4 February, _ In Chaparhar district in Nanbiarhar Province distribulion was done for l 00 households distributed on 31 January 2024. The relief package consisted of- Food package consists or: Wheat Flour IOOKg Rice 49Kg Red Beans Cooking Oil Salt 10 litres 4KG Hygiene kit eonsists of: Hand Washing soap Laundry Soaps Toothpaste Tooth brush 8 Cakes 10 Cak-es 4 Tubes 16 pieces (8 aduli & 8 cliild size5) Blankets 2 Single bed blankets / each family. Cash Assistance: In Nangarhar and Laghman. in addition to the al)ove-mentioned relief materials, Cash assistance of 7,000 Afs was also provided io each family.
SERVE AFGHANISTAN TRUSTEES, RF.PORT (CONTINUED)(INCLUDtNG DIRECTORS, REPORT) FOR THE YEAR EIWED 31 DECEMBER 2024 Financial review The financial stai¢m¢nts for the year are set out in pages 16 to 42. The Statement of Financial Activities on pages 16 and 17 reflects net outgoing resources of S1)6,904 (2023: %23J.J85). The trustees rcvielv the charitable company's reserves policy annually and regularly assess the adequacy of reserve5 against this policy. The charitable compan} s policy aims to achieve a balance beN'¢¢n its operating working capital (Ind a level of reserves to be able to cope wilh unexpected events. Such events ma). include crisis response, evacuation and repatriation of expatriate and local 5ff. unexpected gaps in donor funding, local disaster response or Sudden loss of assets or premises. Due to the highly unpredictable nature of the operating environment in Afglianistan and a degree of uncertaintv over income flom's, it has been the charity's policy to maintain unrestrictcd funds (excluding asset funds).. which have arisen froTn past operating resulis, of 6 months of unrestricted operating expenditure plus a fixed amount necessary io c105e the organisation in the eveni of an emergency. At J l December 2024 unrestricted funds amounted to Si17,)08 (20?" $454.77J}. (of which designated funds amounted to S106.027 (202)= S106.027)) and reslrici¢d fund5 N&ere S16J,860 (202).. S16J.299}, tothlling $481,168 (202J $618,072). This is below the target level of the Reserve Fund. Restricted funds are subject to specific conditions imposed by donors. The charity receives the majority of its funding in the fonn of grants from international relief and development charilies. A breakdown of expenditure according to the caiegories of activity shown above is shown in the Statemeni of Financial Activities and accompanying notes. The trustees have overall responsibility for the charitable company's system of iniernal conirol. Such a system can provide onlj. reasonable and not absolute assurance against errors or frauds. There is a clear delegation of the trustee5' auihority. through the Executive Direcior to the rest of the orgJanisation. The chariiable company operates an annual planning and budgeting system with an annual budget approved by the Board of truste¢s. A financial reporting system compares results with the budget on a monthly basis. A detailed register of the risks faced by ihe charitable company is mainlained. This register identifies ihe major strategic and operational risks faced and ho. they are being managed. This register is revieived annually by the Irustees to rSesS these risks and introduce procedures to address them as required. The trustees are satisfied ihat systems are in place to monitor. manage and mitigate the charitsble company's exposure to major risks. They consider that mainthining the charitable company's general reserves at the leve15 Stated above and reviewing progress on addressing the charitable company's risk environment through the risk register th'ill provide the charitable compan!, '1th adequate risk assurance and sufficient resources in the event of adverse conditions. They a150 recognise that the nature of some of the charitable companN s M'ork requires active accepiance and management of some risks when undertaking activities to achieve its objectives.
SERVE AFGHANISTAN
TRUSTEES, REPORT (CONTINUED)(INCLUDIIYG DIRECTORS, REPORT)
FOR THE YEAR EI¥DED 31 DECEMBER 2024
Financial risk
The charitable company does not use complex financial instrumenlS- it manages its activities using Lasli
and cash equivalents and various items that arise directly from its operations.
The existence of ihese financial instruments extK)ses the Charlble company lo a number of financial risks
which are described in more detail below. The main risks arising from the Trust'5 finanLi
SERVE AFGHANISTAN TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustee5 (lisied above) are responsible for ihe overall direciion of the chariry. Responsibility for the day to day management of the Charity's central administralion is delegated to the Executive Director wlio is support¢d by two Directors and Finance Manager. During the year, the senior Tnembers of staff were the Executive Direcior and the Senior Management Team: Kennedy Dhanabalan: Executive Director Mohammad Saber Alimi: Director (Projects) Ghulam Mujtaba Khan- Director (Operations) Bakht Mohammad Momand: Manager (Finance) Masood Mahzoon.. Manager (Projects) Abdul Hasib Abid: Manager (HR) Remuneration of key management personnel is discussed at board meetings. Consideration is made of the pay required for expatriate staff to work in Afghanisian. Disclosure of information to auditor Each of the Iruslecs has confirnled that there is no infonnation of 'hICh they are aare which is relevant to Ihe audit, but of which the auditor is unaH'are. They have further confimied that they have taken appropriaie steps to ideniify, such relevani information and to establish that the auditor is aware of such infom)ation. The trustees, report was approved by the Board of Trustees. Mr M Larson Trustee Dated: JO June ?025
SERVE AFGHANISTAN STATEMENT OFTRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEIIIBER 2024 The trustees. who are also the directors of Serve Afghanistan for the purpose of company law. are responsible for preparing the Tru5tees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Siandards (United Kingdom Generally Accepied Accounting Practic¢}. Company Law require5 ihe Irust¢es to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including (he income and expenditure, of the charitable company for that year. In preparing these accounts, the trustees are required to: select sui(able accouniing policies and then apply ihem consistently- observe ihe methods and principles in the Charities SORP; make judgements and esiimaies that are reasonabl¢ and prudent. state wheiher applicabl¢ UK Accounting Standards have been followed. subject lo any material departures disclosed and explained in the accounls. and prepare the accounts on the going concern basis unless il is inappropriale to presume that tlie charitable company will continue in operation. The truslees are responsibl¢ for keeping adequate accounting records thai disclose with reasonabl¢ accuracy at any timc ihc financial position of thc charitablL company and cnablc th¢m to ensure that the acLOUlIt3 conipl). witli ihe Companies Act ?006. They are also responsible for safeguarding the assels of the Lharildbl¢ ¢ompany and heiice for takingy reasonable sleps for ihe preN'enlion and d¢'teclion of fraud and oiher irregularities. 10-
<JUHY 6 Broadfield Court Broadfield Way Sheffield S8 OXF INDF.PENDENT AUDITOR'S REPORT TO THE MEMBERS OF SERVE AFGHANISTAN Opinion We have audiled the financial statements of Serve Afghanistan (the 'charitable COTnpaiiy') for the year ended 31 t)ecember 2024 which comprise the 5taiement of financial aclivities. the balance sheel, the 5taiement of C<ish flows and noies to the financial 51atemenls. including significant accouniing policies. The financial reporting framework thai has been applied in their preparaiion is applicable law and United Kingdom Accounting Standards, including Financial Reponing Standard 102 The Financial Rep(Jrling Siandai'd appliLuhle in ihe UK and Republic of Ireland (United Kingdom Generally Accepied Accounting Practice). In our opinion, the financial stalements.. give a true and fair view ol- the state of the charitable company's affairs as at 31 December 2024 and of ils incomingi resources and application of resources, includingT its income and expendiiure, for Ihe year then ended- have been properly prepared in accordance with United Kinbidom Generally Accepied Accounting Practice: and have been prepared in accordance wilh the requirements of the Companies Act 2006. Basis for opinion We vonducted our audit in accordance with Int¢ma(ional Siandards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under ihos¢ siandards are further descrii)ed in the AiicJiinr'.F rL).%PfJn.sihililie. .f()i' IhL? uudil i)f ihe Jinuncial slulL'mL?p71.% section of our report. We ar¢ independent of ihe charitable c()mpany iii accordance with the eihical rLquiremenis ihal are relevanl to our audit of Ihe tinaiicial slatemenls in th¢ IJK. includinby the FRC'S Ethical Standard. and we have fulfilled our oiher ethical rcsponsibilities in accordance with these requiremen15. We believ¢ ihat the audit evidence we have obtsined is sufficieni and appropriate to provide a basis for our opinion. Conclu5ion.s relating to going concern In auditing the fiiianLial statements. Ive have concluded that the trusl¢¢s' use of the going concern basis of accountingy in the preparation ofihe financial statemen15 is appropriate. Ba.%ed on the work we have performed, we havc not identified anv material uncertainties relating to events or conditions Ihal, iiidividually or collectivel)", may cast significani doubt on the charitable coinpany s abil ity to continue as a going conccrn for a period of at leasl tthelve months from when the financial siatements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant seciions of this report.
éUHY INDEPF.NDENT AUDITOR'S REPORT TO THE MEMBERS OF SERVE AFGHANISTAN CONTINUED Other information The other infonnation compris¢s the infomation included in the annual report other than ihe financial stateinenis and our auditor's report thereon. The trusl¢¢s are responsible for ihe oiher information contained wiihin the annual report. Our opinion on (he financial stalements does noi cover ihe other inforination and. exLept to the extent otherwise explicitly stated in our report. we do noi express any form of assurancc conclusion thereon. Our responsibility is to read the other information and, in doing so. consider ivhether the other information is malerially inconsistent wilh the financial Statements or our knowledgye obtained in Ihe course of th¢ audit. or oihenwise appears to be rnaterially misstated. If we ideiitify such material inconsistencies or apparent material misstalemenis, we are required to delemine ,hether Ihis gives rise to a material misstatement in the financial ststemenls themselves. If. based on ihe worL we have perfomied. we conclude that there is a maierial MISSleMent of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other ma¢¢ers prescribed by the Companies Act 2006 In our opinion. based on (he work undertaken in the course of our audil: the information given in the trustees, report for the financial year for which the financial sthtements ar¢ prepared. whiLh inLludes the directors, report prepared for the purposes of company law, is consistLnl wilh ihe financial siatemen15; and the directors, report included wiihin the truste¢s' report has been prepared in accordance with applicabl¢ legal requirements. Matters on which we are required to report by exception In thL lig>ht of the knowledgJe and understanding of ihe charitabll company and its environmcnl (Ibidined in the course ol. tht audit, we have not identilied material missiatements in lh¢ directors, report includ¢d wiihin the Irusle¢s' report. We have nothing to report in respect of the following matters in relation to which the Companies Acl 2006 requires us lo report to you if, in our opinion- adequate accounting r¢cords have noi been kept. or returns adequate for our audit hav¢ not been received from branches not V15iled by u5; or the financial slatem¢nls are not in agreement wilh th¢ accounting records and relums. or certain disclosures of tru5tees' remuneralion specified by law are not made: or we have not received all the inforniation and explanations w¢ require for our audit. the trust¢¢s were nol entitled to prepare the financial statements in accordanLe with the conipanies regime and take advantagye of the small companie5, exemptions in preparing the trustees, report (ind trom the requirement to prepare a strategic report.
UHY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SERVE AFGHANISTAN CONTINUED Responsibilities of trustees As explained more fully in the statemeni of trustees, responsibilities, the trust¢¢s. who are also the direciors of the charitable company for the purpose of company law, are responsible for the preparation of the financial stateinents and for being saiisfied that they give a true and fair view,. and for such internal control as the trusiees determine is necessary to enable Ihe pr¢pardiion of financial sialements that are free from malcrial mi5siatement. whether due to fraud or error. In preparing the financial staiements, the trustees are rcsponsibl¢ for assessing the chariiable company's ability to contiT]ue as a going concern, disclosing. as applicable, matters r¢lated to going concern and using the going concern basis of accounting unless the trustees cither intend to liquidaie the charitable company or lo c¢as¢ operations. or have no realisii¢ alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable &ssurance about ,hether the financial statements as a whole are free from material mi55tatem¢nl, whether due to fraud or error. and to issue an auditor's report that includes our opinion. R¢asonable assurance is a high level of assurance bui is not a guarantee that an audit conducted in accordance '1th ISAS (UK) w'ill always dcieci a material misslatemeni when li exists. Misstalcments can arise from fraud or error and are considered material if. individually or in the aggTegate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line wi(h our responsibilities, ouilined above. to detect material misstatements in SpeCI of irregularities, including fraud. The extent io which our procedures are capable of detecting irregiilarities, including fraud, is detailed below. 13
UHY
INDF.PF.NDF.NT AL',I)ITOR'S RF.PORT TO THF. MF.MBF.RS C)F.%F.RVF.
AFI-IIANl4yTAN C"O.NTIN'I',ED
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SERVE AFGHANISTAN BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets TangJible assets Current assets Debtors Cash at bank and in hand 16 22.511 25,346 17 42.187 712.119 78.163 803.951 754.i06 882.114 Creditors: amounts falling due within one year 18 {295.649) (289.388) Net current assets 458.657 592.726 Total assets less curren¢ liabilitles 481.168 618,072 Income funds Restricted ndS Ilnrestricied funds.. Desikynated funds General tunds 20 16i.860 163.299 106.027 211,281 106.027 348.746 317,308 454.773 481.168 618.072 The tinancial statements were approved by the board of directors and authorised for issue on 30 June 2025 and are signed on its behalf by.. £- Mr M Larson Trustee Company Registration No. 04759091
SERVE AFGHANISTAN STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating actlvities Cash absorbed by operations 25 (51.576) (190,491) Investing activities Purchase of tangible fixed assets Loss on disposal of other investments Investment income (11,069) (2.541) 8,949 (27,7i9) 4.878 Net Cash used in investing activities (4.661) {2? 861) Net decrease in cash and cash equivalents (56,2J7) (21 i,i52) Cash and cash equivalents at beginning of year Effect of foreign exchange rates 803,951 ()5,595) 996,756 20,-547 Cash and cash equivalents al end of year 712,119 803.951
SERVE AFGHANISTAN NOTES TO THE FINANCTAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information The charity is a company limited by guarantee, incorporaied in England and Wales and has no share capital. The liability of each member in the event of 'Inding-Up is limited to £5. At 31 Decemb¢r 2023, there were 7 members (2022: 6 members). l. l Accounting convention The financial statements have been prepared in accordance 1th the charitable company's Memorandum and Articles of Association. Ihe Companies Act ?006 and "Accounting and Reporting by Charities.. Statcment of Recommended Practice applicable to charities preparing thLir accounts in accordance witli the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS I O?} (effective I January 2019)" The charitsbl¢ company 15 a Public Benefit Entity, as defined by FRS 102. The accounts are prepared in US Dollars (S). Monelary amounts tn these accounts are rounded to ihe n¢arest S. The currency of the primary economic environmenl in which the organisation operates (its functional currency) is Afghanislan Afghani (AFN). The financial statements have been prepared under the hisiorical cost convention. The principal accouniing policies adopted are sei out below. .2 Going concern At the time ot. approving the financial sta(ements, the trustee5 have a reasonable expectation that th¢ charitable company ha5 adequaie resources to continue in operational existence for a period of at least 12 months frotn ihe date of the approval of ihese accounLS. In reaching that conclusion the trustees are confident that th¢ charity has sufficient liquidity and unrestricted reserves to meei its debts as thev fall due over thai period. They have also considered the possibility of having to cease operations in Afghanistan and are confident that they liave sufficient reserves for an orderly reduction in operations. The charit), has a historv of having Mini51rv of Economy approval (o operate in Afghanistan aT]d despite the political changes they have continued to receive approval from the Ministry of Public Health until JO June ?0?6. The trustees a150 continue to have support from their funding partners, with funds of Sl.66million already bcing pledged for ?025 and 2026. The trustees are confident ihai the charity, can continue providing support through their work in community, development and emp0erIng of people with disabiliti¢s. 1.3 Charitable funds Unrestricted funds ar¢ available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Designated funds comprise funds which have been set aside at the discretion of the trnstees for specific purposes. The purposes and uses of the designated fijnds are set out in the notes to the financial stalements. Restricted funds are subject to specific conditions by donors or grantors as to holy they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial stalcments.
SERVE AFGHAMSTAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policie5 (Continued) 1.4 Income Incom¢ is r¢cognised when ihe chariiable company is legally entitled to it after any performan¢¢ Conditions have been mei, the amounis can be measured reliably, and it is probable that income will be received. Cash donations are recognis¢d on receipi. Oih¢r grants and donations are recognised once Ihe charitable ompany has been notified of th¢ grant or donation. unless performance conditions require deferral of the amount. Income lax recoverdble in relation to donations r¢ceiv¢d under Gift Aid or deeds of covLnanl is recognised at the (ime of the donation. The charity is dependenl on th¢ s¢rvic¢s of its expatriale stsff to cary out 115 objectives. Most of the expatriates give (heir time wiihout charge and il is noi possible to quantify, Ihe value of this benetit to the charity. Oul-of-pock¢t expenses are reimbursed io lh¢ staff and are shown under Iravellin&v expense5 in the financial siaiemenis. Tradingi income represents income from evaluation services provided to other charities and the printin of Braille material. .5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo make a payment to a third party. it is probable (hai settlement will be required and (he amount ol. Ihe obligyation can be measured reliably. Irrecoverable VAT is charged &s a cosl against the aclivity for which the expenditure was incurred. Regional office support costs have been allocaled io activilies based upon annual budg¢l¢d ¢xp¢ndilurc and other support costs have been allocated to activities based upon actual expenditure. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Dcpreciation is recogni5ed 50 as to write off the cost or valuation of assets less their residual values over their useful lives on the following b&ses: Computer equipment Office equipment Motor vehicles jj.33 % straight line 20 /0 slrai¥hi line 20010 Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of th¢ asset, and is recognised in the stateTnenl of financial activities. -20-
SERVE AFGHANtSTAN NOTES TO THF. FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.7 Impairment of fixed assets Ai each reporting end dale. the charilable coinpany reviews the carrying amounts of its tangible assets to detem)ine whelher there is any indicalion ihat ihose assets have suffered an iinpairinellt loss. I f an), such indication exisis, Ihe recoverable amouni of the asset is estimated in order lo deterinine the extenl of the impaimieni loss (if any). Recoverable amount is the higher of fair value less cosis io sell and value in use. In a55e.ssingy valuc in use. the eslimaled future cash floivs are di5Lounied to their preseni value using a pre-lax discount rate that retlecls current markel assessmenis of ihe lime value of money and the risks specific 10 the assei for which ihe estimates of future cash flows have noi been adjusted. If the recoverable amount of an asset is estimated to be less than its carrying amouni, the carrying amount of the asset is reduced io lis recoverable amount. An impairmenl loss is recognised immediately in income/(expenditure) for (he year. unless the relevanl assel is carried ai a revalued amount, in which case the impairmeni loss is treated as a revaluation d¢cr¢ase. Recogyni5ed impairmenl losses are reversed if. and only if. the reasons for the impairnient loss liave ceased io apply. Wl)ere an iinpairinent loss subsequentl>' reverses, Ihe carryingy amount of che assct is increased lo the revised estimate of its recoverable amount. but so that the increased carryinLJ amount does noi exceed the carrying) aniount that would have been delemined had no impairin¢nt 1055 b¢¢n rccog?nised for th¢ asset in prior years. A reversal of an impaimienl loss is recognised iminediately, unless the relevanl asset is carried in al a revalued amount, in wliich case the reversal of the impairnienl loss is treated as a revaluation increase. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with oribyinal malurili¢s of three months or less. and bank overdrafts. Bank overdrafts are shown within borrom'ings in current liabilities. Ethical investments are social inveslmenls made in support of d¢v¢lopment projects. which benefit disadvantaged and marginalised individuals. 1.9 Financial instruments The charity has elected to apply ihe provisions ol. Section I I 'Ba5ic Financial Instruments, and Section 12 '01h¢r Financial Insiruments15sues' of FRS 102 to all of its financial instruments. Financial instruments are recogni5ed when the charitable company b¢com¢s party io the contractual provisions of the instrument. Financial assets are offset. 1th ihe net amounts presented in the accounts 'hen Lhcr¢ is a IcgJally enforceable right to sei off the recognised amounts and there is an intention to settle on a net basis or to realise the a55Ct and settle the liability simultaneou51y.
SERVE AFGHANtSTAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Basic financial assets Ba.sic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transaciion cosis and are subscquently carried at amorti%cd cost using the effeclive interest meihod unless (he aan&ement constituies a financing transaction, where ihe transaction 15 measured at the present value of the future r¢c¢ipts discounted at a market rate of interesc. Financial assets classified as receivable within one year are not amortised. Impalmient oi financial assets Financial asseis. other Ihan ihos¢ held ai fair value through incom¢ and ¢xp¢nditure, are assessed for indicalors of impaimient at each reporting date. Financial assets are impaired where th¢re is objective evidence thal, as a result of one or more events (hai occurred aft¢r th¢ initial recognition of the fiiiancial asset, the estimaied tuture cash flows have been affecied. If an asset is impaired, the impairmcnt loss is the difference beiween ihc carrying amount and the present value of the estimaied cash flows discounted at the asset's original etT¢clive interest raie. The inipairmenl loss is recognised in nel incom¢/(expenditure) for the year. It. there is a decrease in the impairni¢ni loss arising from an event occurring after the impairment was r¢cogTnised. the impaimient is reversed. The reversal is such that the current carrying amount does not exceed wliai the carri'ingi amount would have been. had ihe impainnLnt not previously been recognised. The inipaimien( reversal is rcco&ynis¢d in nct incomcl{expenditure) for the year. Derecognition ol Ilnanclal assets Financial assets are derecognib¢d only when the coniractual rights to the cash flows trom thc assei expire or arc 5Lttlcd, or when the charilable company Iransfcrs the financial asset and substantially all thL risks and rewards ol. ownership to another enlity. or if som¢ si¥Jnilicant risks and rewai'ds of own¢rship are retained bul control of Ihc assei has transferred io anoiher party Ihal is able lo scll the asset in its entirely to an unrelaled third party. Basic financial Ilabilities B&%ic fiiidncial liabilitie5. including creditors and bank loan5 are initially recognised at transaction price unless the arrangement con5litutes a financin8 transaction, whcre thc debt instrument is me&sured al thc present value of the fulure payments discounted at a mark¢t rate of interest. Financial liabilities classified as payable within on¢ year are not amort15ed. Debt instrumen15 are 5ub5equently carried at amort15ed cosL using th¢ effective interest rate method. Trade crcditors are obligations to pay for good5 or services ihat have been acquired in the ordinary course of operalions from suppliers. Amounts payable are classified as curreni liabilities il payment is due Thithin one year or le55. Ir not, they are presenied as non-current liabilities. Trade ci'cditors are recogni5ed initially at Iransaction price and subsequently measured at amortised cost using ihe effective Interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charitable company's contractual obligations expire or are discharged or cancelled.
SERVE AFGHANISTAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the einployee's service5 are received. Terniination benefits are recognised immediately as an expense when the charity is demonstrably committed to terniinate the employmeni of an emplojee or to provide ierniinaiion benefits. 1.1 l Foreign exchange Transactions in currencies other than US Dollars are recorded at the rates of exchange prevailing at the dittes of the transactions. At L'ach reporting end dale, monelary assets and liabililies that are denominated in foreign currencies are reiranslated at the rates prevailing on ihe reporting end date. Gains and losses arising on Iranslalion are included in net incomel(expenditure) for ihe period. 1.12 Employee savings fund All Serve employ¢¢s become part of (he Serve savings scheme after working for one year. Under this scheme an amount is deducied monthly for each employee accordingi to their grade on the Serve salary scale and ihe same amount is conlributed by Serve iowards a fund that is available to the employe¢ for c¢rtain expenses. The Employee Savings Fund is kept in a separale account to the rest of Serve's funds. The fund is included in creditors. Crilical aLLvunling ¢sliin#l¢s ju4lg¥iiieiil In the application of the charilable compdny s accounting policies. the trustees are required to niake judgements. estimates and assumpiions about the Cdrying amount of assets and liabilities that are iiol readily apparent from oiher sources. The estimal¢s and associaled assumplions are based oil historical experience and other factors ihat are considered to be relevant. Aclual results may differ from these ¢stimate5. The estimates and underlying assumplions are reviewed on an ongoing basis. Revisions to accounting e5limale5 are recognised in the period in which th¢ ¢stimat¢ is revised wh¢r¢ the revision aftecls only that period, or in the period of the revision and future periods where the revision affects both currenl and future periods. The trustees do not consider there to be any Crilical accounting judgements or estimates. 23-
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SERVE AFGHANISTAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable activilies 2024 2023 Sale of goods 509 Investments 2024 2023 Interest receivable 8,949 4.878 All investment income is unrestrict¢d. Other income L'ttrtsiritted Re5trrcttd Total I"nTe5triettd Tolal nds" funds geutral general 2024 2024 2024 2023 2023 Other income 496 496 11,973 25-
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SERVE AFGHANISTAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DF.CEMBF.R 2024 Deseriptbon of eharitable activities: To mainstream people wilh disabilitie5. Serve. in partnership M'ith others. aims to empower and equip institutions and communities iowards the iniegraiion of people with disability (mainly blind, deaf, mentally challenged and physicall). disabled) into mainstream life. Activities facilitale processes within local communilies leadinb to their ability lo develop and access local. provincial and national resources and to strengthen livelihood opportunities of vulnerable groups in the conceniraiion are&s where Serve is activ¢. Th¢ charity undertakes emergency relief programmes in different localions of the couniry in respoiise to the effecis of ihe conflicl and crisis situation in Afghanistan. A total of 5 (202i: 6) relief operations were carried out, which helped 8JO (2023- 2.605) displaced families. Grants payable ( ommuhl Tolal DibilIty C ommuttiry lkn'elopmtni Rtlief ProgNmm¢s Total 2024 2024 2023 2023 2023 2023 Grants to instiiulions { I grants).. Sadaf Welfare & Technical Service Organi5zation (SWTSO) 10.000 i 0,000 Grants to individuals 315,543 315.543 749,860 92.944 842,804 325,543 325.543 749.860 92.944 842,804 28-
SERVE AFGIIANISTAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Support costs Support Governance Costs costs 2024 Support Governance costs costs 2023 Staff costs Depreciation Other support Costs 105.765 105,765 li.90i lil.O?9 72.81i 1,179 131,0?9 152,592 Audit fees 32.145 32.145 i2,112 32,112 250.697 282.84 236.584 32.112 268,696 Analysed tween Charitable activilies 250,697 32,145 282.842 236.584 i2.112 268,696 Governance costs includes payments to the auditors of S32.145 {2023- S32,112) for audit fees. I l Trustees None of the trustees (or any persons connecied with them) received any remuneralion durinL the year, but 41?0?3- 7) of ihem were reimbursed or had expenditure paid on thcir behalf to third Pdrties lolallin $8.?94 for travclling expenses (2023- S16.81 ?}. One of these Irusl¢¢s also reccivcd an advance payment ot" S1.859 (2023: £nil) for future expenses inLurred in 2025. 12 Employees Th¢ average monihly number of employees during ihe year was: 2024 Number 2023 Number 144 115 Employment costs 2024 2023 Wage5 and salaries 842,886 711.225 No remuneralion was paid to any employee in excess of S75.125. -29-
SERVE AFGHANISTAN NOTES TO THE FINANCIAL STATEMF.NTS (CONTINUF.D) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Employee5 (Continued) Remuneration of key management personnel The remuneration of key management personnel. is as follows. 2024 2023 Aggregaie compensation 137.518 127.792 13 Gains and losses on investments I."DT¢Strieltd Lnre5tricttd nds nds 2024 2023 Gait]sl(loss¢s) arising on: Sale of investments (2,541) 14 Taxation The charity is exempt from on income and gains falling '1th1n section 505 of the Taxe5 Act 1988 or section 252 of the Taxation of Chargeable Gain5 Act 1992 to thc cxlcnt Ihai these ar¢ applied to its charitable objects. IS Other gains or losses I'nre5tridtd RLstrirtcd Total Total nds fDnds 2024 2023 general Foreign exchange (loss)/gain ()5,595} ()5,595) 20,547 30-
SERVE AFGHANISTAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Tangible fixed a55ets Computer equipmtut n(rict equlpmeDt Motoriehieles Totsl Cost At l January 2024 Additions Disposals 6i.531 4.050 (1,965) 104.JOO 281.065 11,069 {3.209) 7.019 (1,244) At 31 December 2024 65.616 119,009 104,300 288,925 Depreciation and impairnlent At l January 2024 Depreciation charged in the year Eliminated in respect of disposals 50.783 101,J54 103,i83 598 255,720 (1,965) (1.244) (J,209) At J l December 2024 57,187 105.046 104,181 266,414 Carrying amount At 31 December 2024 8.4?9 119 22,511 At JI December 202) 12,748 11,880 718 25.i46 17 Debtors 2024 2023 Amounts falling due within one year: Trad¢ debtors Other debiors Prepayments and accrued income 8,510 12.687 20.990 51.402 6,715 20,046 42,187 18 Creditors: amounts falling due M'ithin one yegr 2024 2023 Notes Defeed income Trade creditors Other creditors Accruals 120,407 142,940 200 115,996 144,i66 30,676 ?95.649 289.J88
SERVE AFGHANISTAN NOTES TO THE FINANCIAL STATEMEwrs (coKrINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Deferred income 2024 2023 Deferred income 15 included within= Creditors due within one year 1?0.407 142,940 Deferred incom¢ at l January 2024 Relcased from previous years A Tnounts deferred in the year 142,940 (14?,940) 1 ?0,407 62,414 80,526 Deferred income at 31 December 2024 1 ?0.407 142,940 Deferred income in the year relates io funding from individuals received in advance of 2025 projects.
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SERVE AFGHANISTAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Related party transact10115 Included in other debtors is an amount of $3,85? owing from K Dhanabalan. The balance has occurred due to cash drawn in excess of ¢xpenses during the year. There were no related party transactions in the previous year. 24 Anal)'sis of changes in net funds The charitable company had no maierial debt during the year. 25 Cash generated from operation5 2024 2023 Deficit for the year (101.J09) (25i.9J2) Adjustments for: Investment income recognised in statement of flnancial activiii¢s Loss on dispos21 of investments Depreciation and impainn¢nt of thngibl¢ fixed assets (8.949) (4,878} 11.179 Movements in working capital: Decrease/(increase) in debtors Increase in creditors (Decrea5e)/increase in deferred income 35,977 28.794 (2? 5J3) (5),929) 80,526 Cash absorbed by operations (51,576) (190,491)