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 she￿erS 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 t￿atment 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• 5Èp￿Mber 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 t￿atrnent 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 se￿1¢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 a￿3$ 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 NO￿ad 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• y*ar4nd 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. t*4fjn, 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 *c￿nting 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 ar*d wè ¥￿Ic￿ne questions frorn OUrdon￿5¢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 ￿l￿*￿tIl￿￿11tIes
2,092327
2.062.971
awflty lunds
Unrestricted fund5
16
1092.327
2.062,971
1092.327
2.062.971
The financial statern*￿$ V￿re apprth*d 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: •ffl￿nts 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 aCtI￿tIeS
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 2￿8 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 dep￿CIatIon 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% Stra￿ht 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 STATEmE￿r5 (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
p￿thI IreqU￿1*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
Un￿StrICted 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