Charity registration number 1119185 NOWZAD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023
NOWZAD LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr D Tatsch Ms M Harris Mrj PBonnel M5 N Kanderian (Resigned l May 20231 Ms P Murchison (Appointed l November 20231 Charlty number 1119185 Re8lstered office Unit B3 Mercury Business Park 8radninth Exeter Devon EX5 4BL Audltor Bush & Co Limtted 2 Barnfield Crescent Exeter EXI IQT
NOWZAD CONTENTS Page Trustees, report 1-12 Independent examiner's report 13-14 Consolidated statement of fjnancial activities 15 Consolidated statement of financial position 16 Charity statement of financial position 17 Consolidated statement of cash flows 18 Charity statement of cash flows 19 Notes to the financial statements 20-31
NOWZAD TRUSTEES. REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 From the boafd of Trustee5 This past year has beet) one of immense challenge and resilience for Nowzad. Following the evacuation of our personnel from Afghanistan in the face of the Taliban takeover in August 2021. the future of Nowzad's operations in Kabul remained very Ltncertain. However. the incredible dedication of our staff who chose to stay has allowed us to resume critical veterinary programmes across the city. This report details the remarkable efforts undertaken by our Afghan team and asso highlights our expansion into Ukraine. Throughout these endeavours the generosity of our supporters and funders has proven to be the lifeblood of our or8anization. enabling Us to make a tangible dtfference to the lives of countless animals. Firstly, we as the Board and all our staff are thrilled to announce the reopening of our veterinary clinic in the centTe ol Kabvl. Our original KJbul location was just no longer accessible due to the political situation and the Taliban taking over our facilities. Undetefred. our team identified and secured alternative premises thal could be adapted for kennels and veterinary care. This relocation. completed withir) a mere three days under extremely challenging circumstances- includin8 the ever-present threat of Taliban interference stands as a testament to Nowzad staff's resilience and commitment. Fortunately. OLIT donkey shelter far outside of the city continued functioning throughout the turmoil, completely undisturbed. It is home to 14 donkeys and horses, I cow and I goat. all SCUed from a life of hardship, illness and suffering over the past 15 years. Providin8 respite care to these animals is a critical part of our animal welfare remit in Afghanistan. however we have a150 been able to resume our Workin8 Animal Programme in recent monihs too. Veterinary teèms travel out almost daily to site5 where working animals are in high numbers (brick kilns and mi8rant camps for example) to treat and vaccinate as many sick or injured animals as possible. At the Same time, every opportunity 15 taken lo engage owners in teaching them the Proper care and husbandry of their animals. We have also been able to recommence our critical rabies prevention initiative5 across the city, 05 well a5 our trap-neuter-vaccinate-release ITNVRI programme for street dogs and cats. We have the 5UPPOrt of the Animal Health Oirectorate to continue our animal welfare remit in Kabul, for which we are truly 8rateful for. However, ensurin8 a steady flow of resources. particularly funds. to support our AfEhan operations presents IoBlStical challenges. Afyhanistan is under strict international sanctions. and major donors suspended or 518nificantly cut funding after the Taliban took over. Before this. approximately 80% of Afghanistan's budget came from foreign donors. Afghanistan's financjal asset5 abroad have also been frozen. and banks are now very reluctant to allow money transfer5 to Alghani5tan. Without any other option and in order to ensure the progress of our charitable activities, the Nowzad charity has had to use Hawala payments to transfer legrtimate charitable funds. We are, however, very aware of the potential for increased risk, and $0 conduct enhanced due dili8ence in line with our accountability for the expenditure of donated funds. WÈ also send hawala payments via a trusted route in lesser amounts to Ènsure complete oversight of expenditure accordin8 to a strict prior-appfoved budget by myself and the other Board members.
NOWZAD TRUSTEES, REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Since March 2022, Nowzad has been operating in another country affected by conflict- Ukraine. Not lon8 after Russian forces invaded, Pen and a small team from Nowzad visited Poland and Ukraine to establish a supply line for desperately-needed animal food. veterinary equipment and medicines. A key part of thi5 Was registering Nowzad as a Non-Governmental Organisation in Ukraine and then establishin8 bases in eastern Poland and one of ihe major (but relatNely safel cities of Ukraine - Lviv. Our Lviv base Quickly became a hub for all supplies donated to Now2ad by extremely generous supporters in the UK and further afield and enabled us to set up a Ukrainian country office. headed up by a Country Manager with a wealth of experlence in the fields ol project mana8ement and veterinary medicine- Liuba Mocharska. Rather than organise large-scale rescues of animals out of the country. it was clear from the start that Ukraine needed to be supported with its animal Welfa pro8rammes in-country. Nowzad fully supports several TNVR pro8rammes across the country, help5 to equip Lviv University Veterinary Faculty and several small veterinary clinics with essential tools and training, and provides some 20 tonnes of animal food to volunteers and local groupslshelters across Ukraine each month. Crucially, we also now support two key animal sheerS in their rescue, rehabilitation and rehoming efforts one in far eastern Ukraine (Kramatorskl that takes in rescued animals from the frontlines ol fi8htin8 despite bein8 subjected itself to missile attacks on an almost daily basis,. and one newly-established shelter close to the capital Kyiv IBorodiankal set up by a iJe(Jicated local lady. In the face of escalatiri8 numbers of abandoned and stray do85 and cats on the streets, she saw the desperate need for such a facility and, with the financial and practical assistance of Nowzad. has established ihe shelter as a key rescue and adoption centre for the whole area. As well as feeling immense pride in all our staff's extraordinary efforts given these demanding envlronments in which they work, I will also say, on behalf of the board of trustees. that we are continually humbled by the outpourin8 of generosity from our dedicated supporters. Their contributions are the lifeblood of our organization. enabling us to make a tan8ible difference in the lives of animals in Afghanistan and Ukraine. We now present our report for the Nowzad chartty for the year ended 30th September 2023. Please note. the accompanyln8 financlal statements have been prepared by an independent flnan¢lal audltor and Sn accordance wlth the accountlng pollcy of the charlty. Nowzad is a re8i5tered charlty In England and Wales, with the Charity Commission number 1119185. D Tat5ch, JP Bonnelly. M Harris. P Murchison October 2023
NOWZAD TRUSTEES, REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Misslon Statement To relieve the suffering of animals.. including companion animals, working eqLJines, stray and abandoned dogs nd cats and all other animals in need of care and attention. and (where p05siblel,' to provide and maintain rescue, rehabilitation and education facilbties for the cafe and treatment of Such animals with no voice but ours. Trustee5 and Organlsatlonal Structure The Nowzad charity Is overseen by a board of trustees •pproved by the current serving board. Trustees are not remunerated for their trusteeship except for expenses relating to the course of the charity's activities. Being aware of the Security risk5 presented by operating in Afghanistan. each year at least one of our trustees travels to Kabul specifically to meet with the staff and visit the Nowzad facilities. and experience first-hand the project5 and local communities that are benefitin8 from the Nowzad Charitv. These visits are of utmost value as the l)oafd of trustees are responsible for setting the strategic plan and the direction the charity takes. The trustees are responsible under the law of England and Wales for the correct and lawlul operation of Nowzad. Since bein8 established in 2007. the board of trustees operates and manages the Nowzad charity as a non-governmental, non-political. and non-religious or8anisation. The followin8 people served for the full year ending 30th September 2023,. D Tatsch IP Bonnellv M Harris The following people seNed for a part of the year ending 30th September 2023 N Kanderlan P Murchison All trustees serve until such time as they feel they Can no longer give the required time and commitment to the charity as each trustee takes their responsibility to the governance of the charity extremely seriously. Due to the lon8 distances involved to travel to meet face to face most trustee meetings are held via loom and note5 taken althoLJ8h fa¢e to tace meetings are arran8ed where possible. During the unprecedented events of Operation Ark the board of trustees met daily. even twice daily. During the aftermath caused by the press negativity and the Charity Commi55ion inquiry which lasted 10 months, the board was forced to meet weekly. The Chalrman and the CEO would Ilke to thank the board members lor thelr unwavering loyalty and commltment.
NOWZAD TRUSTEES, REPORT FOR THE PERIOD ENOED 30 SEPTEMBER 2023 A Trustee's Return to Novjzad: Witnessln8 Hope in Kabul- Nina Kanderian In March 2023. 1 had the privilege of visiting the Nowzad operations in Kabul. the first time a trustee had been ble to travel the since the Taliban takeover in Augull 2021. Having travelled to Afghanistan several times sinte the take over. Nowzad's CEO deemed the situation safe enough for another westerner's visit, and it felt crucial to see first-hand how Nowzad was adapting and continuing its vital work. The visit was an eye-openin8 experience. The Nowzad veterinary clinic bustled with activity. Local Afghan5 brought in injured dogs and cats their trust in Nowzad evident despite the challenging times. I witnessed spaying and neutering Procedures. a Crucial part of humane population control. alongside emergencv 5UTBerie5 on broken limb5. The dedication of the veterinary staff was inspirin8. but it was clear the clinic lacked some essential equipment. hindering their ability to function as a fully-fledged animal hospital. Beyond the cllnic walls, l joined the Working Animal Programme team on field visits. We ventured to sprawling Kuchi camps, bustlinB tradin8 Posts for working horses and donkeys. and even brick kilns. These visits offered a 81impse into the harsh realities faced by A(8hanistan's working Jnimals. The Nowzad Donkey Sanctuary on the outskirts of Kabvl was a beacon of hope. Here. rescued donkeys and horses receive the care and attention they desperately fieeded. l also had the opportunity to work alongside the dedicated staff. assistin8 Wlth treatment. sur8eries, offerlng comfort to hospitali2ed patients, and even helping to cIaliSe do8s and cats for potential rehoming, both within Afghanistan and with Western lamilies. This vi51t wasn't just about witnessing the challenges Now2ad faces. It was about seeing the vnwaverinB dedication of the staff, and their unwavering commitment to animol welfare even in the midst of a difficuf( situation. It was a testament to the endurin8 power of hope, and the vital role Nowzad plays in the lives of countless anima15 in Afghanistan.
NOWZAD TRUSTEES, REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 From our Country Manager in Afghanistsn- Dr Reshad After the fall of Kabul to the Taliban in August 2021 and when Nowzad struggled to maintain any sort of operations in Kabul. all of the plans for Nowzad's Working Animal Programme came to a complete halt. To Dur huge relief. those resctjed donkeys and horses at Nowzad's Donkey Sanctuary on the outskirts of Kabul remained safe and well. Myself and several of our committed Sanctuary staff chose to stay behind in Afghanistan for our families. and so we could continue with our care of the 15 equines there. Then from January 2023. when I launched operations again on behalf of Nowzad. we channeled our efforts into establishing a Working Animal Programme for all those horses and donkeys in Kabul and the surrounds. Equine husbandry and welfare have always been a primary interest of mine. and it was so rewaiding to see the programme develop. and then go from strength to strength during 2023. Since the Taliban took back pgwer. international aid is just not gettingthrough to enough people in Afghanistan and the Crisis has had a htjge impact on our populatlDn. and on the working 3nimals that we all rely so he3viIv upon. There are almost 6.000 working donkèys. horses and mules in Kabul alone. used extenswely to transport goods, building materials. water and waste across the city. It is at the notorious brick kilns that myself and our vet teams have seen the worst welfare cases of all. Being a working donkey or horse in Afghanistan is a truly hard and very desperate life. From January 2023 unfil September 2023. we treated 740 working animals in total- from administering rabies arEd tetanus vaccinations, trirnming hooves. filing teeth. de-worming. treating any infections or ailments and rehydrating them after hours of hard toil. On many occasions through the harsh summer and winter months in particular, we became very accustomed to being brought severely dehydrated horses and donkeys. close to exhaustion, and collapse. Of particular toncern was the high rate of wounds caused by ill-fitting harnesses and carts used by the animals to carry the*r loèds. If left untreated. we saw many horses and donkeys suffering from extreme bacterial and bone infections. some of which even required emergency surgery on-sf(e or hosprf(alization at our clinic in town. Fortunately, through using a local carpenter. we were able to replace these old. very uncomfortable harnesses with new, tailor-made harnesses. These help to distribute the load weight more evenly and are padded to prevent sores and limping issues. Myself and my team of six other vets also treated a range of other ailments like gastroenteritis. tongue and teeth issues. eye issues, colic and very commonly hernias. In parallel to these tatment days. our team also began an awareness programme amongst the commtjnities at the brr¢k kilns, kuchi camps and market places. The focus was on basic husbandry and first aid of their working animals to improve the animal's health and welfare. However. in turn. this should increase their working tapabilities and ensure the owners. livelihood and family are secure financially. It is key to the success of the programme to help owners understand the link between good care of their animals and increased return on their investments. To encouvage this as much as possible, l also established an incentive scheme whe owners taking particulèr good care would receive a certificate and reward such as a free brush or water trough. During the last quarter of 2022 and throvghoui 2023. we have also been treating any animals that come Into our new clinic that we have now Set up in Kabul. Many of these a injured or sick street dogs and cats, brought in by concerned locals, ar7d we're proud to offer them a second chance. But our impact goes beyond immediate care. Whilst establishing a new clinic. we have been continuing with our service of offering free/low-cost treatment and rabies vaccinations. amongst other preventative measures. Being able to offerthis service helps to reduce the level of rabies within animal populations and the incidence of rabies being transmitted to humans from animal bites.
NOWZAD TRUSTEES, REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Ouring this past year, we have also been neuteringlspaying dogs and cats that PaSS through our clinic doors to help reduce stray populations in a humane and sustainable way. In these first 9 months 012023. we have neutered and spayed a total of 115 dogs and cats - intluding a bi8 jolnt effort by all the team at the end of September. for World Rabies Day 2023. Looking ahead to Winter 2023 and beyond, we plan to expand our TNVR and rabies Prevention programme, and build on our emisting Workillg Animal Programme. with education and awareness events throughout. Dr Reshao L41 >p4yin8 a cat at NowidQ > ¥tL lI111L• 5ÈpMber 2023. Our CEO'S overvSew of FY 2022-2023 The fallout from the success of Operation Ark was unprecedented. The team and I truly struggled for sometime to see the light at the end of the tunnel. I can honestly say that it was not until October of 2022 that we finally started to put distance between us and the ne8ativrty of the ill.informed. I was and continue to be so proud of the Nowzad staff for their determination and commitment to ensurin8 Nowzad as a charity Stayed focussed no matter what was thrown at us via the mainstream media, social media, abusive phone calls or emails. The team stayed front side focus5ed on our mission,. delivering animal welfare where it is needed the most; Afghanistan and Ukraine. We have well documented our return to Afghanistan to renew our Trap, Neuter, Vaccinate and Release proBramme5 for the dog and cat populations to reduce the impart of rabies among the Afghan population. A population of Some 39 million people now abandoned by the wÈstern world. Sadly this has meant we have not had the benefit of the international bankin8 Svstem to ensure a steady and regulated transfer of funds to support our NGO in Xabul. This article by the Norwegian Refugee Council is worth read https'.l/www.nrc.no18lobala55etslpdf/reportsllife-and-death/executive-summary_financial-access-in- afghanistan nrcjon-2022.pdl and m05t definitely highlights the issues bein8 fated by our charity. With no other options we have had to rely on Hawala payments and MoneyGram.
NOWZAD TRUSTEES, REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Our work in Ukraine continues at pace. We have solidih.ed our commitrnent to maintain a presence in the country well into 2024. Sadly again red tape, thi5 time in relation to Brexit lof all thin8511, has interrupted our plans to maintain a staging warehouse in Poland. Europe now requires our UK based staff to hold a business visa for operating longer than 90 day5 Wlthin the EU. This ean only be achieved by Nowiad becomin8 registered as an NGO in Poland. Achieving that was an dmin endeavour too far. LoBistically it has creJted a few added elements to be taken into account to ensure our Supplies transit directlv to Lviv in Ukralne bLSt seemed more 5tTal8htforward than the adminisiralion surrounding operating and maintaining an NGO in Poland alongside OUT charitable work. In September of 2023 we were subject to a large sophisticated 'scam' involving our charitable bank and our business phone provider. Nearly £200.OC(J was fraudulently transferred out of our charitable account. Our procedures to detect this immediately identified the fraud and a hold was placed on our account. Even with thi5 bank admini5teTed hold the frnvdsters were Still able to withdraw fvrther fund5 due to a failure ol our banking provider. I was very relieved that our bank immediately replaced the stolen funds ensurin8 the charity is not out of pocket. We immediately liaised with the relevant police authorities and l am glad to report those potentially responsible are now awaiting trial with the Police Force of Northern Ireland and so we are unable to make further comment. We always knew it would be a tough time re-establishing the charity after the chaotlc and stressful moments of Au8USt 2021. The charity has moved on even though a few well less informed people and certain aspects of the media have not. The charity has settled into ils new home in 8radninch, brin8in8 in fvrther staff to compliment the leam which now includes a lull time online store manaBer to cope with the demand for charity merchandise. Returning to Afghanistan to witness firsthand the dedication of our new Afghèn team alonB5ide trips into Ukraine to see the remarkable courage of our Ukrainian people in the face of Ru55ian a88re55ion has Teinvigorated my passion for the charity and our purpose. And as always, l am extremely grateful to the many wonderful supporters who have always believed in the charity and what we do. They are the reason we can be there for so many animals with no voice but theirs. Thank you Pen Farthing CEO- Nowiad October 2023
NOWZAD TRUSTEES, REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Goals and Charltable ObJerti¥es For the benefit of the public to relieve the suffering of animals in need of care and attention and in particular, to provide and maifttain rescue facilities for the reception. care and tatrnent of such animals whilst d(ing the spread of rabies. To promote humane behaviour towards animals by providing appropriate care, protection. tre•tment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumslances, war or ill usage and to educate the PLJblic in matters pertaining to animal wellare in general and the prevention of cruehy and sufferin8 amon8 animals. Nowzad has a dedicated long teim mission to improve animal welfare programmes in Afghanistan, a country brou8ht to the brink by war and iribal conflitt. This. in turn, supports the Atshan people through our work in reduting disease. particularly rabies, and helping livelihoods through our Working Animal Projert. Our animal welfare work in Ukraine is providing a vital se1¢e to the people in supporting disadvantaged animal shelters and carers whilst supporting the mission to humanely redvce the spread of rabies. The charity's activities for public benefit, is split into the following categories.. l Animal Welfare 2 Public Health 3 Edutation l Anlmal Welfare 'The Nowzad charity now operates a fully functloning small animal clinic in Kabul which includes 6 Afghan fully qualified veterinarians dedicated to delivering quality treatment and care, both for injured and diseased dogs and cats In and around Kabul. Our team delivers a working anlmal programme providing direct point of care treatment at key animal distress sites in and around Kabul. The Nowzad clinic is home to our practical hand5 on trainin8 delivery for veterinary students from all over Afghanistan in partnership with the Animal Health Directorate. We are also providin8 animal welfare support to Ukraine in the form of animal lood, medlcal supplies and vital aid to the animal carers who have volunteered to stay behind to support the operation of the shelters within the direct conflirt areas of the Ru55i8n invasion. The charity is directly involved Tn the deliver of a rabie5 prevention programmes across eastern and southern Ukraine with volunteers and partners.
NOWZAD TRUSTEES. REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 2 Public Health The promotion ?nd delivery of animal welfare and the SuItIng health beneffts to the Afghan people takes into account and meets the Charity Commission's guidance on the public benefit. By continuing with our ongoing and successhjl programme of trapping. neutering. vaccinating and then returning ITNVRI dogs and cats to the streets of Kabul. we a seeing significant benefits to both the local population and the welfare of animals through the humane control of the spread of rabies. In addition to thi5 we have launched and operated our workrng animal progrèmme for the beneftt of the working donkeys and hor5e5 and those whose livelihood5 depend upon these anim31s. The people of Ukraine continue to be in the fight of their lives against the illegal invasion by Russian Forces. We continually provide a public benefit by the promotion and delivery of animal Welfa support to thovsantls of desperate animals in Crisis alongside our orbgoing pro8ramme of trappin& neutering. vaccinating and return ITNVRI fDr the many thousands of feral dogs and cats which are an important aspect of Ukrainian cvfture. 3 Educatlon In Afghanistsn we a focusing on.. The continued advocating building relationships with local Afghan community leaders and local residents to further cultural permissions that are required to develop animal welfare programmes for a visible benefit to the human community. Providing regular rabies awareness activities and 8nimal husbandry outreach programmes within the communitv. We reinstating our educational programmes although it is with sadness that women in Afghanistan are no longer allowed to attend any form of secondary education. This is a direct consequence of western governments indifference to Afghanistan following the withdrawal in 2021 creating the only country in the world to ban women from the fundamental right to an education. In Ukraine we are delivering; Equipment and re50urce5 to LVN Veterin8ry UnNer5r(y to promote the tr8inin8 of veterinary students. Rabies awareness training in the a3$ where we are operatin8 TNVR programmes.
NOWZAD TRUSTEES, REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Risk. Challenges and External Fartors •ffertln8 Athlevement The 8oard of Trustees fully recognises its responsibility for the management of any risk connected with operating in Afghanistan and Ukraine both from criminality and opposin8 armed actors. The charity Is also extremely focused on mitigating any risks associated with fraud. The board and the CEO operate an 'open' door policy where any and all questions from the board to the CEO can be asked freely in a group 'What5App' chat at any time. Any spOnse$ that fteed further detail are explained fully in CC email response5 as required. Peace, as we take for granted in the West, has not been known in Afghanistan for three generations. Operating as an aid or8anisation without dire military support is. without doubt, a seriou5 and committing undertaking. The CEO is anTrual Ljpdates hls hostile awareness and close protection training to facilitate trustees and other Nowzad staff to V151t the country. The CEO spends as much time as feasible in our countries of operation to assess the constantly changing security situations taking the full advice of security partners and local knowled8e. The CEO has visited Kabul five times during thi5 reporting period. with the permission from the Taliban authorities to support the ongoing efforts to re-establish the charities activities. He has alw visited Ukraine alon8 Wlth other Nowzad staff. establishing workin8 relationships with shelter partners there. As lon8 as there is an acceptable level of security we will continue to operate in Afghanistan and Ukraine 8oin8 forward. All si8nificant activities undertaken by the NOad charity are subject to a risk review Prior to any activity commencing. Major risks are identified, and èppiopriète rbsk management plans discussed and implemented. We are particularly concerned with the consiantly changing and heightened security situation in Ukraine and the hlgh-level risk associated with handlinB animals potentially carrying rabies. All of our team are fullv vaccin3ted against rabies. Major risks could have a significant impact on; Our daily operation- includin8 risks to personnel and the animals in our care especially at our shelter in Kabul. Our overall achievement in regard to our mission to promote animal Welfa in Afghanistan includin8 continued rabies prevention work. Our overall achievement in regard to our mission to delNer aid and welfare in Ukraine includin8 continued rabies prevention work. Our financial sustainability to maintarn required income levels and the trust of donors to continue to support us. These risks are reviewed constantty by the staff, CEO and Trustee5, and the appropriate procedures and policies implemented to maintain a safe level of working. io-
NOWZAD TRUSTEES, REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Other Artivities, A¢hievemertts and Perf¢yman¢e l. Worklnl Anlmal Prolert In Kabul. Af8hanlstan The Nowzad Working Animal Program serves to treat the large numbers of working donkeys antl horses in Kabul, and help the familie5 50 dependent on them. Our holistic opproach has earned us long-lasting respect in the local cornmunities - an achievement we are all $0 proud of Biven the challenges faced in the aftermath of the Taliban re.takin8 Af8haftist8n in 2021. There are approximately 6.000 Wofking donkeys. horses and mules working In horrendous conditions in Kabul and rts surrounds. Most are owned by the poorest members ol society and are subjected to overwork. injury. malnvtrition and neglect. Consequently, many equine5 die OT can no longer work, and the impact of Ios5 of earnings is devèst3ting to the family. Nowzad's Workin8 Animal Project seeks to addres5 this huge problem. Our vets provide free veterinary and farrier treatments, purpose- made padded harnesses, portable stablinB, de-worming treatments, and vaccinations. At sites where donkey5 and horses are traded in large numbers. we work c105ely wrth the owners to break the cycle of poor animal husbandry and harmful traditional practices. We also run an equlne sanctuary on the periphery ol Kabul, with 14 long-term donkey and horse residents fortunate to be rescued from a life of hardship and sufferin8. 2. RabSes preventlon work In Ukralne Nowzad's reputation and experience of working in a conflict zone has been very usefvl in our efforts to help the many thousands of animals sadly caught vp in the war in Ukraine. After registerin8 as a Ukrainian NGO in May 2022, we now have established warehouses in Poland and Lviv. with a dedicated in.country Manager. From this base in Lviv we coordinate the large amount5 of food and veterinary supplies that we buy or which have been donated to us. Our network ol trusted volunteers then distribute food and veterinary supplies lo animal shelters still operatin8 thTouBhout Ukraine. as well as feeding abandoned animals living on the streets. We have identified two such shelters- in Kramatorsk leastern Ukraine) and 8orodianka (close to Kyivl- to help rebuild after being damaged ihrou8h missile strikes. Our Ukraine team is also involved in widescale Trap- Neuter-Vaccinate-Release programme in particular areas of Ukraine where animal populations are escalating rapidly and there is a 8rowinB threat of rabies outbreaks. 3. Thè Nowzad small animal clinlc in Kabul The new clinic has proved to be in an ideal location for meetin8 the needs of the local animal welfare community. Our tlients have predominately been local Af8han nationals who have collected injured and ill animals that require treatment. The Nowzad team have worked hard to build an impressive facility boasting an animal treatment room, surgery, cat room, small laboratory, lecture facilities and isolatbon and qvarantine rooms. We maintain outdoor kennelling for recovery and those dog awaitinB rehoming. The Nowzad staff include, vet5, kennel hands, driver. cook and do8 socialisation assistant. The delwery of rabies vaccinations is free for all clients in our determination to prevent the spread of rabies.
NOWZAD TRUSTEES, REpoKr FOR THE PERIOD ENDED JO SEPTEMBER 2023 11. FINANCIAL REVIEW rln8 the year ended 3¢nh September X123 the iotal income to the tharify was £XB.213 IGrtyJp.' £941,813) with £71.508 from grants from charrt•ble bodies. We spent, in the course ol our ¢harit•ble activities. £884.127 IGroup-. £912.4571 throu8hout the finanaal year. The main expendtture was for the actual animal transportation u>sts for soldier's companion animals. 11. RESERVES POUCY The Now2ad board of tnJste•s wvuld idealjy like to be •bJ• to hold six months of unr•strtrt•d funds for expendlture in relation to tharitable artNrties in Atshanistan. Further. regardle55 of the constant requlrement for expendsturè our unie5trirted merves at th• yar4nd were £2.092.327. 13. INVESTMENT POUCY The Nowud bo•rd of trustees at this tlme h•$ rKt pl•ns for •n in¥eAment 11¢¥ to be put In pl•ce •$ we do not hold funds for Inyestmeni purposes. Admln d•tslls Nowzad, 83 Mercury 8u%ness 8rndnin¢h. t4fjn, EX5 4BL Unrted Kln8dryn info nowi•d.com 15. TRUSTEES RESPCYISI8IUTIES FCXI THE F114ANCIAL STATEMENT The Trumees are responsible for preparin8 the Trustees Report and the financial statements in accordance th the appli¢abl law and Unlted Kin8dom cnting Standards. The law applicable io charltles in En8land and Wales require5 the trustees to Prepare financial statement5 for each finanual year which glve an accurate view ol the accounts in re8ard to income and expenditure. The tNstee5 In preparin8 these accounts f¢Y the year endin8 30 September 2023 applied the followin& A robust and full iran5parenl system of accounting thffjugh the finano•l yèar. Obsefved the methods and principals ol the tharities SOAP. Followed guldance issued by our independeni audttor. The 3cccMJnts are open to allscnrtlny ard wè ¥Icne questions frorn OUrdon5¢nfhe artivlties of thecharfty funded by their 8enerous donation5. Approved by the Truste•s and sl8n•d on thelr behall by M5 M Harris on 30 July 2024. And y8ned M l81ftaI copy held at Novnad office UK 12
NOWZAD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NOWZAD l ieport to the charity trustees on my examination of the accounts of the group for the year ended 30 September 2023. which are set out on pa8es 15 to 31. Responsibilities and basis of report As the charity's trustees of the group land also its directors for the purposes of company lawl you are responsible foi the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'}. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respert of my examination of your charitV'5 accounts as carried out under section 145 of the Charities Act 2011 (the .2011 Act'l. In carrying out my examination I have followed the Oiiections 8iven by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlner's report Since the group's 8ross income exceeded £250,IXJO your examiner must be a member of a body listed in section 145 ofthe 2011 Att. I confirm that l am qualified to undertake the examination because l am a member of Association of Chartered Certified Accountants. which is one of the listed bodies. have completed my examination. I confirm that no matters have come to my attenlion in connection with the examination 8Nin8 me cause to believe.. accountin8 records were not kept in respect of the company as required by sertion 386 of the 2006 Act,. or the accounts do not accord with those accounting records,. or the account5 do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a'true and fair, view which is not a matter considered s part of an independent examination: or the accounts have not been prepared in accordance wrth the methods and principles of the Statement of Recommended practice for accounting and reporting by charities lapplicable to charities prepaying their accounts in accordance with the Financial Reportln8 Standard applicable in the UK and Republic of Ireland IFRS 10211. 13-
NOWZAD INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF NOWZAD I have no concerns and have come acr055 no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be leached. Shane Cann BAIHonsl ACA FCCA CTA Bush & Co Limlted Chartered Ac¢ountants 2 Barnfield Cresont Exeter EXI IQT Date.. 30 IcYL¥ 14-
NOWZAD CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Unrestricted fvnds 2023 Total 2022 Notes Income from.. Donations and legacies Other trading activities Investments 904.062 3,462,029 33,512 58,573 4,239 715 Total Income 941,813 3,521,317 en Raising fund5 28,330 39,717 Charitable actlvities 884.127 1,906,162 Total empendlture 912,4S7 1,945,879 Net Income lor the Perfodl Net movement in funds 29,356 1,575,438 Fund balances ot l Ortober 2,062.971 487,533 Fund balances at ao September 2,092.327 2.062.971 The consolidated statement of financial activities includes all gains and losses recognised in the Period. All income and expenditu derive from continuing activities. The notes on pa8es 22 to 32 form part of these financial statements. 15-
NOWZAD CONSOLIDATED STATEMENT OF FINANCIAL STATEMENT AS AT 30 SEiyfEMBER 2012 2022 Notes Flx•d ss•ts Tangible assets li 298.328 226,493 298.328 226,493 Stocks Debtors Cash at bank and in hand 13 14 24.270 7.343 1.963.637 8.625 6,432 1.837.3&S 1.935,250 1.852,423 Credltorn.. •mounts lam1 du• wlthln one year 15 1201,2511 115.9451 Net CUTTent asseis 1.793.999 L836.478 Tot•1 assets less ltIl11tIes 2,092327 2.062.971 awflty lunds Unrestricted fund5 16 1092.327 2.062,971 1092.327 2.062.971 The financial statern$ Vre apprthd by the Tntstees on 30 July 2024 and signed on their bèhalf by Morag Harrls 76-
NOWZAO CHARITY sfATEMENT OF F114ANCIAL STATEMENT AS AT 30 SEPTEM8ER 2022 2023 2022 Not•s Flx•d •s1•ts Tangible assets Imiestments li 297.577 226,493 loo 297,677 226,593 Debtor5 Cash at b•nk and In hand 14 57,937 1.935.729 100,5(M) 1.750,022 1.993.666 1.850.522 Crndlt<)vs: •fflnts l•llry wlthln one y•v 15 1199.0171 114,1451 Net current assets 1.794.649 1,836,377 Tfjt l•M ¢urnt lknbllhl•s 2,092,326 2.062,970 In¢(Th• funth Unrestrlcted funds 2.092.326 1062,970 2.092.326 2,062.970 The Iln•rKlal aterne$ were appr<d by the Trust4es 30 Juty 2024 and signed on their behalf by Trus0•• 17
NOWZAD CONSOLIDATED STATEMENT OF CASH FLOWS FOR TPIE PÉRIOD ENDED 30 SEPTEMBER 2023 2023 2022 Notes Cash flows from opefating artivltles Cash generated from operations 203.273 1,605.257 Investlng aCtItIeS Purchase of tangible fixed assets Investment income received 181.2401 4.238 1239.1361 716 Net cash used In Investln8 actlvltles 177.0021 1238,4201 Net cash used In flnanclng actlv5tles Net Increase In cash and cash equivalents 126,271 1,366,837 Cash and cèsh equivalents at beginning of Period 1,837,366 470,529 Cash and cash equlvalents at end of Peflod 1,963,637 1,837,366 18-
NOWZAD CHARITY STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 2023 2022 Notes Cash flows from operating artivities Cash generated from operations 261,825 1.559.247 Investing activities Purchase of tangible fixed assets Investment income received 180.3561 4,238 1239.1361 716 Net cash used in investing artivities 176,1181 1238,4201 Net cash used In financing activities Net increase in cash and cash equivalents 185,707 1,320,827 Cash and cash equivalents at beginning of Period 1,750,022 429,195 Cash and cash equivalents at end of Period 1,935,729 1,750,022 19-
NOWZAD STATEMENT OF CASH FLOWS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Consolidated ¢ash generated from operations Group 2023 Charity 2023 Group 2022 Charity 2022 Surplus for the Period 29.356 29.356 1,575,438 1,618,617 Adjustments for: Investment income reco8nised in statement of financi31 activitie5 14.2381 9.405 14.2381 9.272 17161 12,644 17161 12.644 Depreciation of tangible fixed assets Movements in workin8 capital.. Ilncreaselldecrease in stocks Ilncreasel/decrease in debtors Increaselldecreasel in creditors 115,6451 19111 185.306 6.969 5,290 5.632 42.563 184.872 179.3111 8,013 Cash generated from operations 203,273 261.82S 1.605.257 1,559,247 A¢¢ounting policies Charity information Nowzad is a charity governed by constitution. The charity registered number is 119185 and the registered address is 83, MercL¢ry Business Park. Bradninch. EXS 48L 2.1 Reporting period The financial statements have been prepared for an extended period from l April 2021 to 30 September 2022 as the charity wanted to change the financial year to better fit their operations. 2.2 Accounting convention The financial rtatement5 have been prepared in accordance with the charity's SORP, the Charities Act 2011, FRS 102 ~The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing therr account5 in accordance with the Finantial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. The charity is a Public Benefit Entity as detined by FRS 102. The financial statements have departed from the Charrties {Accounts and Reports) Regulations 28 onlv to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities apptying FRS 102 rather than the version of the Statement of Recommended Practice which 15 referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling. which is the funttional currency of the charitv. Monetary amount5 in these financial statements are rounded to the nearest £. The financial statement5 have been prepared under the historical cost convention. The princ¢pal accounting policie5 adopted a set out below.
NOWZAD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022 Accounting policies (Continued) 2.3 Golng Concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate re50urce5 to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the goin8 concern basis of accountin8 in preparing the financial statements. 2.4 Charitable funds Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of their charitable objectwes. Restricted funds are Subject to specific conditions by donors as to how they may be used. The purposes and uses of the restrlcted funds are set out in the notes to the financial statements. 2.5 Income Income is recognised when the charity is legally entitled to it after any perf0rrnan condttion5 have been met. the amounts can be meastjred liably. and it is probable that income will be received. Cash donations are recognised on ceIpt. Other donations are fecognised once the charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in latiOn to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. The recognition of income from legacies is depèndent on establishing entitlement. the probability of receipt and the ability to estimate with sufficient accuracy the amount Teceivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a Bift has been left to them (through knowledge of the existence of a valid will ènd the death of the benefactor) and the executor is satisfied that the property in question will not be required to satlsfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be Ceived and the fair value of the amount receivable, which will generally be the experted cash amount to be distributed to the Charity. can be reliably measured. Gifts in kind donated for distributron are included at valtjation and reco8nised as income when they are distributed to the projects. Gifts donated for resale are iftelvded as income when they are sold. Giants are included bn the accounts on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant fund5 on the Balance Sheet. Where income is received in advance of entstlement of reteipt. it5 recoBnition Trs deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Other income is cogniSed in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. 21
NOWZAD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 30 SEPTEMBER 2022 Acc¢untln8 policie5 {Continuedl 2.6 Empenditure Expenditure is recognised once there is a le8al or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured re14ablv. Expenditure is classified by activity. The costs of each a£tivity are made up of the total of direct costs ènd shared ¢o5t5, includin8 SUPPOrt costs involved in undertaking each artwity. Direct cost5 attributable to a single actwity are allocated directly to that activity. Shared costs which contribute to more than one artivity and support costs which are not attributable to a single artivity a apportioned between those artivities on a basi5 consistent with the use of resources. Central Staff costs are allocated on the basi5 of time spent, and depreciation charges are allocèted on the portion of the asset's use. 2.7 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depCIatIon and any impairment losses. Depreciation is recognised so a5 to write off the cost OT valuation of assets less their residual values over their useful lives on the following bases- Freehold land and buildings IT equiprnent Plant & machinery Motor vehicles 2% straight line 33% Straht line 20% straight line 25% 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 the a55et, and is recognised in the statemerbt of financial activities. 2.8 Fixed asset investments Fixed asset investment5 are initially measured at transartion price excluding transaction costs, and are subsequently measured at fair valve at each reporting date. Changes in fair value are recogni5ed in net incomellexpenditurel for the year. Transaction costs are expensed as incurred. Investment in subsidiaries are valued at cost less provision for impairment. 2.9 Ftnan¢ial instruments The charity only has financial asset5 and ftnancial liabilities of a kind that qualify as basic financial instruments. 835ic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Basic financial assÈtS 8asit financial assets, which include debtors and cash and bank balances, are initially measured at trans3Ction price including transaction costs and a subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financin8 transaction, where the transartion is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as CeIVable within one year are not amortised.
NOWZAD NOTES TO THE FINANCIAL STATEmEr5 (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2022 Accounting policies (Continued) Basic financial Ilabllltles Basic financial liabilities, including creditors and bank loans a inttially recognised at transartion price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the fvture payments discounted at a market fate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effertive interest rate method. Trade creditors are obligations to pay forgoods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised Initially at transaction price and subsequently measured at amortised cost usin8 the effectNe interest rnethod. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 2.10 Fund accounting General funds are unre5trirted funds which are available for use at the discretion of the Tru5tee5 in furtherance of the general objectives of the Group and which have not been designated for other purposes. Investment income. gains and losses are allocated to the 3ppropriate fund. 2.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged a5 an expense as they fall due. 2.12 Foreign exchange Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date. monetsry assets and liabilitie5 that are denominated in foreign currencies are relranslated at the rates prevailing on the reporting end date. Gains and 1055es arising on translation in the period are included in profit or loss. 2.13 Hawala payments Due to the charity's Operation Ark project. the char¢(y spent a significant amount of time in the period operating Out of Afghanistan. Due to the lack of banking systems in the country. the charity had to make use of Hawala payments in the period. Hawala is a system for transferring money, where the money is paid to a brokef who then instructs another broker to deliver payment to the targeted recipient. The hawala remittance system is an alternative remittance arran8ement that completely avoids the formal financial system. 23-
NOWZAD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDEO 30 SEPTEMBER 2023 Oonatlons and legacies Unrestrirted Unrestricted funds fvnd5 2023 2022 Donations and Bifts 904.062 3,462,029 Donatlons and gifts Donations Legacies Grants 817,554 3.229.755 15,000 65,274 71,5D8 167,000 904,062 3.462.029 Other trading artivities 2023 2022 other income Shop Income 3,999 54,574 33.512 33.512 58,573 Investments Unrestrlcted funds Total 2023 2022 Interest Teceivable 4.239 715 -24-
NOWZAD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 30 SEPTEMBER 2022 Ralstng funds Total Total 2023 2022 in ublicit Costs of raising voluntary income Tradin Trading expenses cost of sales Trading expenses administration 11,832 16,498 39,717 Total trading costs 28,330 39.717 28,330 39,717 Charltable actlvhles 2023 2022 Staff costs Re5cve centre cost Veterinary and care Sundry Operation Arfc project expenses Ukraine project expenses Event costs 160,954 109.011 4,214 3,086 24,918 3,488 5.033 3.348 179,905 1,475.128 402.512 164.022 2.305 779.841 1,758,083 Share of support cosrs (see note 81 Share of 8overnante costs (see note 81 77.294 26.992 131,871 16.208 884,127 1,906,162 25-
NOWZAD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Support ¢¢sts Support Governan costs costs 2023 Support Governance costs costs 2022 Depreciation Bank charges and paypal fees Equipment Rent and rates Premises insurance Postage, printin8 and stationery Telephone IT expenses Legal advice Advertlsing Travel and subsistence 9.272 9,272 12.644 12,644 12.734 12,734 16,459 16,459 3.319 9.839 3.319 9,839 25,446 12.910 25,446 12,910 3,014 4.517 6,434 236 9,589 18,340 3.014 4,517 6.434 236 12.737 4.886 18.112 1.800 10.087 16.790 12,737 4,886 18.112 1,800 10.087 16,790 9.589 18,340 Governance costs 26,992 26,992 16,208 16.208 77.294 26.992 104,286 131.871 16,208 148,079 Analysed between Charitable artivilies 77,294 26,992 104.286 131,871 16,208 148.079 Governante Cost5 Governaftce costs includes payments to the auditors of £12,CM)012022'. £7,2c(Jl for a(tdit fees. Trustees None of the trustees lor any persons connected with them) received any rernuneration during the Period. However, two trustees were reimbursed a total of £1,660 travelling expènse$ 12022.. £1,838 were reimbursed).
NOWZAD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 10 Employees Group and Charity The average monthly number of employees during the Period was.. 2023 Number 2022 Number Empl¢)yment costs 2023 2022 Wages and Salaries Social security costs Other pension costs 145.627 13,749 1,578 93,532 12,290 3.189 160,954 109.011 There were no employees whose annual remuneration was more than £60.000. 11 Tangible fixed assets Group Freehohl Lind and buildin Plantand mxhinEry rTeq¥enl MotN ¥hldes Totsl Cost At l Ortober 2022 Additions 205,804 77.256 4,511 1.730 32.227 242,542 81,240 2,254 At 30 September 2023 283,060 2,254 6.241 32.227 323.782 Depreciatlon and Impaimient At i Ortober 2022 Depreciation charged in the Period 3,953 941 12.096 8,057 16,049 9,405 407 At 30 September 2023 407 4.894 20,153 25.454 Carrying amount At 30 September 2023 283.060 1.847 1,347 12.074 298,328 -27-
NOWZAD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBÉA 2023 Tangible flxed assets Charity Freehdd laffld •nd pthI IreqU1*nl MotN ¥ehlEIES •¢hlwry Total At l October 2022 Adijitions 205,804 77.256 4.511 1,730 32,227 242.542 80,356 1,370 At 30 September 2023 283,060 1,370 6.241 32,227 322.898 DepreclatSon and Impalrment At l October 2022 3.953 941 12,096 8,057 16.049 Depreciation charged in the Period 274 9,272 At 30 September 2023 274 4.894 20,153 25,321 Carrylng amount At 30 September 2023 283,060 1.096 1,347 12.074 297,577 12 Flxed asset Snvestments Charltv Investments In subsldiary companv Cost or vèluatlon At l October 2022 & 30 September 2023 Ic Carrylng amouni At 30 September 2023 loo At 30 September 2022 Whilst the charity do not own the shares in the subsidiary. the shares are being held on behalf of the charity by both the charity's CEO and one of its employees. Control has been established through their employment at the charity, with the store being ntn for its benefit. 13 Stocks Group 2023 Group 20Z2 Finished goods and Boods for resale 24.270 8,625 24.270 8,625 -28-
NOWZAD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 14 Debtors Group 2023 Charity 2023 Group 2022 Charity 2022 Amounts owed by fellow 8roup undertakin85 Prepayments and accrued income 50,694 94,168 7.343 7.243 6,432 6.332 7.343 57,937 6,432 100,500 IS Credltors: amounts falllng due wlthln one yeai Group 2023 Charlty 2023 Grwp 2022 Charlty 2022 Other taxation and social security Other creditors 3.016 2.945 184.631 184,631 1,473 5.817 1,473 1.636 Accruals and deferred income 13.606 11.401 4,035 4.035 201.253 198,977 11,325 7,144 During the year. the charity was the victim of a banking fraud. As a result of the chaflty having no fault, the amounts have refunded by the bank. Whilst the fraud was bein8 investigated. a temporary refund totalin8 £184.631 was issued as a placeholder until the exact amoufits were refunded. This was repaid by charity post year end. 16 Statement of funds St*ement of funds- current perfod Balance at l Ortober 2012 Balance at 30 September 2023 Income Expendlture Unrestrlcted funds UnStrICted funds 2.062.971 941,813 1912.4571 2,092,327 Statement of fund$- prlor perlod 8alance at l October 2011 Balan at 30 September 2022 Income Expendlture Unrestrirted funds Unrestricted funds 487.533 3.521.317 11,945,879) 2.062.971
NOWZAD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 17 Analysis of net assets between fvnds Analysis of net assets between funds- current period Unrestricted fut)ds 2023 Total fund5 2023 Gross assets Creditors due within one year 2,293,580 1201.2531 2,293,580 1201,2531 Total 2.092.327 2.092.327 Analysis of net assets between funds- prior period Unrestrirted funds 2022 Total funds 2022 Gross assets Creditors due withrn one year 2,078.916 {15.9451 2,078,916 115.9451 Total 2,062.971 2.062,971 18 Retirement benefit stheme5 Defined contribution schemes The charity operates a defined contribution pension scheme for all qualifying employees. The a55ets of the schemè are held separately from those of the charity in an independently administered fund. The charge to profrt or105s in respect of defined contribution schemes was £1.57812022.' £3,189).
NOWZAD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 19 Prlnclpal subsidiaries The following was a subsrdrary undertakin8 of the charity: Name Cornpanv Number Class of share5 Holdlng Induded in consolidatlon The Nowzad Store Ltd 09758447 Ordinary Yes The financial results of the subsidiary for the year were- Name Income Empendlture ProfiVILassl Net Assets The Nowzad Store Ltd 33.512 33,482 30 ioi 20 Related party transactlons The key management personnel of the charity comprise the Trustees Iwho do not receive remuneration for their lole as Trustee) and the Chief Execulive. The cost of employment to the charity was £36,294 12022.. £42,946). including employer's pension and National Insurance contributions. 31