Dor)*lgn Eovel¢pp10: 2C90B8ED-2C79471F-93FF-OF2AB40113CO Charity reglstratlon number 1200989 NOMAD CONSERVATION FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 APRIL 2024 Docu5*n Envelope ID.. 2CQOB8EO-2C79471F-93FF4f2AB40113CO NOMAD CONSERVATION FUND LEGAL AND ADMINISTRATIVE INFORMATION Trust••s Mr R P H8yWOrth IAppoin18d 11 Novémber 20221 (Appointed 11 November 20221 (Appointed 11 Novemb&r 20221 Mr R Mackenzie Ms L Cole Ch8rity nymbor 121J0989 Independont examlner Moore (So¢rth) LLP 33 The Clarendon Cenlre Salisbury Business Park Dairy Mead(w Lar Salisbury Itshire SP12TJ Doojslgn Erw8lop8 ID: 2C9DBeED-2C79471F-93FF-OF2AB40f13CO NOMAD CONSERVATION FUND CONTENTS Page Trustees, report Statsmenl of trustees, responsibililies Indepemlent examinerfs report Statamènt of fin8nu81 a¢tivili8s Balance sheet Not8s to the finanoal statement8 9-17 00¢￿s￿ll Env81op8 ID.. 2C90B8ED-2C79471F-93FF4F2AB40113CO NOMAD CONSERVATION FUND TRUSTEES, REPORT FOR THE PERIOD ENDED 30 APRIL 2024 Thg Iruslees prgsenl thelr annual report and financial statements for the period end&d 30 Awil 2024. The finan(¥al statements have been prepared in accordance with the accouniing policies sel oul In note 1 to the ffinancial statemenls and ¢ompty with the chariW5 governing document. the Charities Act 2011 and"Accounting and Reporting by Chartties= Slalemenl of Recorllmended Practice applicabl8 to diariliès prep8ring their accounts in accordanca with the Fin8n¢ig1 Reporling Standard applicablo in the UK and RepublK of ITeland (FRS 1021" leffe¢ivÈ 1 January 2019). objoct1￿5 and aetSvltl&s Tha objects of Nomad Conservation Fund aro to promote. forthe publi¢ benefiL 1. The conservalton. protecbon and improvement of the physical and natural 8nvironmenl of T8nzania'$ National Parks by hsmessing the support of local communities who Ilve on the pèriphery of Tanzania's National Parks. 2. The relief of sl¢kness and th8 preservation of hedth among people live on the peryhery of Tanzania's Nalional Park5 by providing or fa￿￿tating the prt)vision of healthcare services and healthcaro edu¢alS0n. PubliG.bgnefit The Trustees have had regard to the Chgrity Comrnission's guidan￿ on Public B￿¢frt when re￿e¥Ang the ¢harity's aims and objectives. in planning flltu￿ actiwiies and in setting polictes. AGliviti95 The maMI a¢bwlies underiaken by the tharity lo fulfil Ils charttable purposes for Ihe public ben&fit are summarised under thè following pillars= Llfelong Learning and Growth.. In￿$1￿19 in edltstion. Creating career paths and SupportlFI9 entrepreneurship Spoaffcpmiects indudg pmwsion of.. Dwly nlgals to school children EduGafionalresourr8s and equipnwnf Access to fresh waterat schoolby fvnding constn￿tion of waterfanks Funding forstudents on wiltllfffe management Gourses Funding forpl8c8s on vocalion4l1￿spiIal1￿cOU[Sos Toa¢h8rtrnining Fgmalg empowem78rt andhygiGtnB wortshops 599-keepiru trwning Cows and related¢￿i￿n9 Seeds and a￿l¢u11￿re traloing Health and WÉllbsing: Beds for meds SpecifiGpW includeprovision of.. V8ccinations Scregningsbydgnllsts SctBeningsby gyg docto Supportforlife-Gh&n￿￿g ￿ha￿llIa￿e surgeri&s forchlJdTrn wlth dbabih.tss Rèsou￿8$ as bgds. nwuito nets and clothffltt Conservatlon and EnvlronTn8nt'. Lightening our foolprinl, Supporting conservation partners. Sharfng our love of the natural wortd. Conservation driven by tourism Spe￿"fi¢PIDioCtS1￿c1Ud￿Pft)¥1&￿n of. . Annugl donations to cons8Nation p8wIne￿, logefherwrfh adhoo finandalsupport Tr&9 p18nling IAll8g8 film nwhts. soregningconsemtion fflms Waste colleGI￿n and r8cyclinginitiabv8S R8souTGes to reduce human wildlif& conmctsuch 8S tor¢h68 G￿de leclures Doutskjn Envelope ID.. 2Cg086ED-2C7U71F-93FF.OF2AB40113CO NOMAD CONSERVATION FUND TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 30 APRIL 2024 AchievemeTts and perforniance Signi+YGant aGtivitios and a¢h￿VementS aw"nstobiecUves The athievements and performancè of the charity are measured under the pillars of Lifohng Leaminy and Growth, Health and Wellbeing and Conservation and Envronmenl. Llfelong Lgamlng and Grovrth For our 'meal 8 d8y° program we expanded fiom 5 sthools lo 7 schools at Iha end of 2022. In 2023 we added another 2 sthools and in 2024 3 more schools. Now we a￿ at 12 schools in (otal with 1037 sludents receiwng a meal a day. That totals Over￿10 ￿ndred thousand meals wovided in yeai. Since the end of 2022. wè have supported thè renovations of 2 schools. the construdion of 3 watertanks and well$. and 2 toilet b1￿ks. We have distributed 20 school trunks. including leaching aids and resources, and sport8 equipment. We have donated 430 new desks and repaired 282 d8sks to hélp address thè sludenl lo desk ratios in our partner 8(*0015. We have funded 5 students on ￿lIdlife management Gourses and 4 students on vocational hospitalty cours&s. Thèy all graduated and are 81 various stages of looking for employment or in work experien¢e roles. 460 girls bènèfitèd from fem¥le ernpowerment and hygiene workshops, bringing taboo topics lo the table to help reduce the challenges gI￿S face managing thair studies alongside household responwbilities and petsonal hygiene and menstrual management. with th8 aim to raduca th8 ratè of girt student dropouts at secondary school level. 112 bee-keeping training hours wgre logged for each of the 18 individuals participating ov8r a l¢day program. The program covered the wesl of Tanzania. for beekeeping groups around Mahale and Kalavi to support new honey produeArs. 58 farmers trained on I￿￿roVed agricultur8 techniquès. 2 ladiès 8ngagod on a dairy project PToMding them with hybrid dairy cows and training on liv6slork keèping. And 20 ladiès irtvelved in our chicken projects around the park boundaries. tolalling over 250 chl¢kens betsyeen them. Health and Wellbelng Our health outreach progr8m in this reporfing period feSLFlted tn a total of 40 days of free heo1(h dlnics offered awss 12 vil￿geS. with 6345 people benefiling from heath care aThJ educalion. 16 hospital beds were donated to village dinics and h8afth facilities to help reducè fhe high patsenl-bed ratios in these settings. 200 mosquito nets were donated to elderly at risk individuals, and 2 eJJstom made wheeithairs were organised foryoung children living with disability wural setting. Nomad camp teams and ￿ h8lp8d mobib"8e vllag8 nuTres to administer over 2.500 essenlial thlld vacdnatlons. DovJ8tgn Erw8lope ￿.. 2CgJb8EN2C79471F43FF-OF2A040113CO NOMAD CONSERVATION FUND TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 30 APRIL 2024 Con$orv4tion •nd Environm•nt In our conservation and enwronment category. we fo¢used on sustainable practices, awareness education and campaigns. and carbon offsetting, as well as our annual support lo reputable conseNation partners in the area. 180 kg$ of rg¢yded materlal was collgoted from aTound villages. lo help redu￿ the amount of waste In the enviiowwnpnl, but also aGtively engage 81uderts in piactical environmentally friendty activitses. 252 participated in student safaris and camp visits, and 2.905 a)mmunily Th£mbers across our 12 Mlages were engaged in kn71￿ge film nights with screenings of Swahili based conservation flms. From our Mll8g8 rangers and data collectors. WÈ tallied up ne8rfy 636 days of patrolling park boundariès, 8ddrèssing human wildlife eonflict issues by way of mapping hol spots lo inform inteNention and miligalion plans, and protect forest aTeas. 94 individuals were trained on different inlervenlKns for ewiant encounters to reduce farm deslructhon for subsistence famieis in Ihese areas. We also provided 65 torches lo households on the 'fir&line' belween national parks and wllages. who aro usual first hrt by elephants. Torches as a soft method to deter them from ctsming into fams and village land. Financlal review During the reporting peTtod. the charity received income in the fomi of donations from a variety ￿ 8ource8. The largest 50uices of income were Nomad Conservation Group (specifically Nom•J Safaris Ltd and Nomad Tanzania Ltd) and the Social Capiial Foundation. Additional income was received as a result of fundraising undertaken by individuals with Nomad Conservation Fund as their chosen beneficiary. together with further individual, th8ritable and corporatè donations. On incorporalion of the CIO, Nomad Consewalion Group companies donated funds 01 $72,974 whlch had previously been held within the group for the projects now undertaken by the Charity. Restrtctions cn any fund8 Ihin this have been retained. and all align with the charitable obiedives of Nomad COr￿ervation Fund. Expenditure of $338.806 was made within the period, out of restricled and unrastrided funds. Notional ino)mè 8nd expÈndiiurè of $142.397 has been recogni$￿ in these finanu¥l $lalernents to recognise the value of the siaff and office cost5 provided directly by Nomad Tanzania Ltd. No funds received into the charity have been spent for these purposes. ReseFV¢S pthy Th8 Trustees aim to maintain fre8 reserves in unrèstricted fijnds at a level which aquates to 8pproximalety thre8 mon1hs of unrèstricted charitable expenditure. The TnJst8ès consider that this lèvel will provide surfiaenl funds to cOntin￿e ongoing projects. The Tru51ee5 ￿nsIde[ that 3 months is sufficient given the significanl 5UPPOrt provided by cornpanies in Ihe Nomad Consewvalion Group which has ￿M￿lmiSed the contractual support and govemance costs incurted by the charity. At 30 April 2024, Nomad Conservation Fund held free reserves in unreslricied funds of $141.780. 3 months of 8XP8nditure averaged $57,642 during the period. Tha cuThent levèl of reseNes is theréfora higher Ih8n needed and tl¥s w￿1 8djusl8d throvyh careful budgeting and planning for Ihe next ffinanual year. The Trustees do not consider there lo be any uncertainties abDuI the charity's ability lo conlFnue a3 a going LY)ncem. due lo the healthy reserves held and continued support from Nomad Conservafion Group. No funds or undertakings were in defficit at 30April 2024. Strncturn. govèmanca and managam•nt Nomad Conservation Fund ts a Charitable Incorporated Organisation (CIO) (charity number 1200989) registered in England & Wales. It was incorporated on 11 Nov8rnb8r 2021 The gov8rning dOc￿Ment is tha consitution documènt as r8gislar8d at Thé Ch￿1t1&S Commission. DorAsslgn En¥e&)pe ID.. 2C9088ED.2C79471F-¥JFF-OF24840113CO NOMAD CONSERVATION FUND TRUSTEES. REPORT {CONTINUED) FOR THE PERIOD ENDED 30 APRIL 2024 The trustees who served during the period and up lo the dale of signaluie of the finanaal statements were: Mr R P Heyworth {AppDint8d 11 NDvember21Y221 Mr R Mackenzle (Appointed 11 November2(Y221 Ms L Cole (Appobnled 11 Novemb8r2¢Y22) ReG￿l￿mentand appoAnlmenl of truslegs The chartty must have at lea51 three Trustees which must be appointed for a term of three Yea￿ by a resolulion passed at a properfy convened meeting of thè Charity Trustees. In sèlecting individuals for appointment as Charity Trustees. the Charity Tru$t¢e$ musl have iegatd lo the sknlls, kn￿ledge and experien￿ needed k*r th8 eflec adMinistratKJn of Ihe CIO. Ofhermattors Nomad Conservation Fund 15 an independent charity. govemed by its TnJst88s. Thè fund is $UPEK)rt8d both ￿Tran￿alty and operationally by Nomad Conservalion Group compani8s. This indudÈs provision of Staff and office space. as well as regular monetary donations. All staff and overhead costs are paid directly by o)mpanies wthin Nomad ConseNation Group, separately lo the iegular donations promded lo Nomad Conservation Group to b8 usad rect]y for the 8cUvities as Set out in this report. A notional donation and exp￿Se have been included in th8S8 nanci81 stalèments to recognise the value of staff and office space provtded to Ihe tharity by NO￿￿￿ Conservation Group. Funds ￿ld as custodian trusteè The charity does not hold any funds as ￿$tOdI¥ll Irusteo5 on bphaw of others. The trustees. Teport was approved by the Boatd of Twslees. Tru¥tBe 25 Febnwy 202S D￿j819n Envelop8 ID: 2CgOB8EN2C7H71F.93FF.OF2AB40113CO NOMAD CONSERVATION FUND STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE PERIOD ENDED 30 APRIL 2024 The Iruslees are responsible for preparng tho Twsla8s' Report and thè finan¢ial slalements in accordan￿ with applicable law and United lfjngdom Accounling Standards (Unitèd Ktngdom Generally Accepted Accounting Practice). The law applicable to tharibes in England and Wdles requires the Iruslees to p￿para financi31 stslèmènls for each financial year whi¢h give 8 trije and fair view of the state of affaiis of the charrty and of the incorning re50urce3 and appllcalknn of ￿9¢UrceS of the ¢haiity forthat period. In preparing these financial statements. the tnJstÈes arè r￿u￿e￿ to: - select Suttoblo accounting Pol￿e5 and then apply them consisientty. - obseNe th8 methods and winciples in the Charities SORP., - makejudg8menls and 8stimates that arè reasonable and pwdent., slalg whelher appllc8ble 8¢counling slandards have been followed. Su￿ect lo any m81erial depaTEuies disclosed and 8yplained in the financAal stalemenls.. and prepare Ihe financial statements on th$ gping concem basis unle55 11 Is inappropriate lo pr8sum8 Ihat th& charity will continue ￿ operation. Thè trustoes arè responsible for keeping suffiaent accounting records that dis¢105Q With reasonable accuracy at any Ilme the fiFJanaal position of the charity and enable them to ensure that the finanrAal slalemenls comply with the Charilie5Acl 2011. the Charity (Accounts and Reports) Regulations 2008 and the pl0￿S1onS of the trust deed. They are also responsible for safeguarding thè assets of the chaiity and hence for taking reasonable steps for the prevention and det¢dion of tsud arvj othBr iwregularities. NOMAD CONSERVATION FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NOMAD CONSERVATION FUND I report lo the Irustees on my examinauon of the financlal statemonts of Nomad ConseNatlon Fund {the charity) for th8 period ended 30 April 2024. Rosponslbllftl&s and basls of vaport As the trustees of the charity yosj are responsible for the preparation of th8 financi81 stslements in accordance vhth the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of th8 chariVs fin8ncial stalem8nls caNied out under section 145 of the 2011 Act. In carrytng out my examination I have IcAlowed all the applicable Dirgclions gwen by the Charity Commission under Section 14515llb} of the 2011 Ad. Independgnt examlnorfs statom•nt Since the charity's gross income ex￿eded £250.000 your examiner musl be a member of a b(￿Y Ilsted In section 145 of the 2011 Act. I confimi that l am qualrfied to und8rtak8 th8 8xamination b8cause l am a member of ACCA. whieh 1$ one of the Ilsted bodies. Your attèntlon & drawn to the fact that th8 charity has prepared financlal Statements In accordarte with Account￿9 and Reporting by Charittps preparing their a¢counls in a￿OrdanCe wilh the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS 102) in pr8f8r8nce lo th8 Accounting and Reporting by Charibes: Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the exlant regulauons but has now been thdfawn. l undérstand that this h8s been done in order for financial statements to provide a true and fairview In accordance with Gener8llyAc¢epled A(*ounling Practice 8ffectiV8 for reporting periods beginning on QT alter 1 January 2015. I have completed my examination. I confirm that no matters havo come to my attenlion in connection with th6 examination giving Tne cau88 to believe that in any material respecL- accounting records were nol kept In respect of the Gharity as required by section 130 of the 2011 Act,. or the financial stalgments do not a¢cord with Ihose re￿r￿s. or Ihg financial stslemerkts do llol comply with the applicable requirements con¢eming the f￿M and con18nt of a¢munts sel out in the Charities (Accounts and Reports) Regulatfons 2008 other than arky raquirement that thg accotjnts gva a true 8nd fair view which is not a matier ¢onsbdered as part of an independent examination. Ihav sho conc dra s and have come across no other matters in connection wilh the examination to whlch attenllon In Ihls report in Order to enable a propgr understanding of tho )Inanryal statements to be reached. Robert Macdonald Moor• (South) LLP 33 The cla￿ndOn Cenlre Salisbury Business Park Dalry MeadtrN Lane Salisbury Willshire SP12TJ Dated.. 21 February 2025 Doujslgn EnvekTrpÈ ID.. 2C9)B8E￿2C7947lF-g3FF¥jF2AB401a3co NOMAD CONSERVATION FUND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 30 APRIL 2024 Unre$trl¢ted funds 2024 Re$trl¢ted fvnd¥ 2024 Tolal 2024 Not•s Income from: Donations and lega¢ies aO,441 186,928 577,369 Tolal Incom• 390.441 186.928 577.369 Expendlture on: Charitablè 8¢tiwbe$ 232.685 1C6.121 338.806 Total expondituro 232.685 1￿.121 338.806 Net Income 157,756 80,807 238.563 Transfers bthe8n funds (15.996) 15. Net movement In funds 141.760 96,803 238,563 Recon¢lllation of fund$- Fund balan￿$ at 11 Novemb@r2022 Fund balan¢•s at 30 Aprll 2024 141.760 96,803 238.563 The statement of financial aclwities I￿udeS 811 gains and k)sse8 recogr¥sed in Ihg perK)d. Al incotlle and expendiiure derbVO from continuing actMIi8s. Envelope ID.. 2C90BeED-2C79471F-93FF-OF2AD40113CO NOMAD CONSERVATION FUND BALANCE SHEET AS AT30 APRIL 2024 2024 Notes Curront assgts Debtors Cash at bank and in halld 12 53,335 187.858 241,193 {2,630) Craditors". amounts falling du• wlthln one year 13 Net current aBsets 238.563 The fvnds ofthe charity Reslricted income funds Unrestricted fvnds 14 15 98.803 141,760 238.563 The finandal $18tements were 8pproved by Ihe trusteos on 25 February 2025 s￿￿￿r. Ms Trustso Envelopg ID.. 2C90B8EC>2C79471F-93FF-OF2AB40113CO NOMAD CONSERVATION FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 APRIL 2024 Accountlng pollcl•s harity infonnation Nomad ConsèNation Fund Is constliute¢i as a CIO by the Charity ComJnission wTrth registered numb 1200989. The registered Offi￿ is 7 Manor Farm Banks. Bur(ombe Lane. Burcombe, Salisbury. SP2 OEJ. 1.1 Reportlng perlod This is the first year of operation of the charity. the charity registered on 11 November 2022 and fhe thartty will be pr8parin9 their firsl poriod of acC￿nIS to 30 April 2024, Ihis fom)8 an 18 month period. 1.2 Accounting conventlon The finaneial slalemenls h8ve been prepared in accordan￿ ￿th the charitys tgoveTning documentl, the Charittes Act 2011. FRS 102 Yhe Finanual Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102) and the Chathes SORP "Accounling and Reporting by Ch8ri1ie$= Slatemenl ol Reo)mmended Practice applicabl8 to charities preparing t￿1r accounts in ac¢ord8n¢e wfh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). {effective 1 January 2019). The ¢harity is a PubliG Bgnefit Enltty as defined by FRS 102. The thaTity has taken adwantage of the provisions in Ihe SORP for ¢horities nol to prepare a Stalanenl of Cash Flows. The financial st8tsmÉnts have depart￿1 from th& Chariltes (Acci)unls and Reports) Regulattons 2008 onty to the exlent requir￿ to provide a true and fair view. This departure has in¥0￿ed following the Statement of Recommended Practice for charrties applying FRS 102 rather than the version of the St8temenl of Re¢￿)me￿￿ed Practice which is referred to in the Regutalions but which has sincè been withdrawn. The financial statements are prepared in US dollar5, which is the fijnctional currency of the charity. Moneiary anM)unts in thèse finantyal ststements are rounded to the neare8t $. The ffinancial slatemwrts have been prepared under the historical ¢ost ¢onvenlion. The pri￿paI accounting polioes adopted ar8 S81 out bèlow. 1.3 Golng con¢em At the time of appromng the finan¢i¥l ststemenls, the trustees have a reasonable expectation that the charity has 8dequ3tÉ resources to conllnue in operatitsnal existence for the foreseeable fLrture. Thus the trLBtees continuè to adopt thè going ￿nC*M basis of accounting tn preparing the finanual statements. IA Charltablè funds un￿$tr[ded fvnds arg awailable for use at the discretion Df the trustees in furtherance of their charitable objedives. Restricted funds arg subjed lo spectfic ¢x)ndilions by dDnors or grantors as lo how they may be used. The purposes an*Y usos of the Testricled funds are sel out in the notes lo the financial statements. Endowment funds are $ubjocL to 8pec4ffc condition8 by donor8 that the capital must be maintained by the tharity. 1.6 Income Income is reco9nis8d wh8n th& charity is legalty entitled to it aftèr any performanee ¢ondrftons have been met, the amount$ can bg moa$ursd rollably, and It is probable that Income wlll ￿ recelved. Cash donations are r¢Gognis¢d on re¢gSpL Olh9r donations are recOgnis￿j once the charity has been nolffied of the donation. unless perfomance ¢gndttions rgquirg defertal of the amount. Income tax recoveiable in relath￿ to donations received undei GtftAtd or dee(13 of ¢ovenanl Is recognised at the time of Ihe donation. D0c￿tgn Envelop810.. 2C90B6ED-2C79471F-93FF4)F2A840113CO NOMAD CONSERVATION FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30APRIL 2024 AGGountlng pollGIgs {Contlnued) Lega(ies are re¢ognised on receipt or otherwi$$ rf the ctharity has betsn notifi8d Df an irnpending distribution. the amount is known. and rtsceipt is expected. If the amount is not k[￿Wn. the legacy is Irealed as a ntingent asset. 1.6 ExpenditUTO Expendibjfe Is reeognlsed once there Is a legal or construct￿e obllgation lo transfer economi¢ beneffil lo a third party. il Is probable that a transfer of economic benefits wll be requirgj in settlemenl. and the amount of the oblrgalion can be measured reliab]y. Expenditure is dassifMI by Actiwty. The costs of each acbmty are made up of th& tol81 of di￿￿t co8t8 and shared costs, induding support costs involved in undert8king each adivity. Direct costs attiibutakAe to a single a¢tiwty are 811ocaled diredy to that a¢tivity. Shared ¢o$ls which contribute lo more than one acbwty and suppwt C051s which are not attributable lo a single activity are apportioned betsveen those actiVit￿S on a basis consistent with the use of Te50urces. centr￿ staff costs are allocated on th8 basis of value spgnt on aach projed. 1.7 Cash and cash oquivalonts Cash and cash equwalents indude cash in hand. deposits held at can with banks, other short-lemi liquid investments with ortginal maturities of three months or less. and bank overdraft& Bank overdrafts are shown wtihin borrowings in current liabiliii8s. 1.8 Flnanclal Instruments The charity has elected to apply the pwsion8 of Sethon 11 'Easic Finan(Yal Instruments. and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its finanaal instruments. FinancAal instruments are recognised in the charW5 balance sheet when lh8 charity becomes paity to the ntractual provisions of the instrument Finanoal asstrts and liabHitips are off88L with the net amounts presented in the ffinancial Statements, vthen Ihere 18 a legally enforceable right to set off the recognised amoun18 and Iheie is an intention to settle on a net basi$ or to realise the asset and settte the liabilty simultaneously. aasic finaneialassets Basic financial assets. which indude debtOTS and cash ond bank balances, are inllialty m&asured al transaction prtce inc]uding transaction costs and are subsequently carried at amortised cost Using the effectiVB interest Meth￿ unless the a¥rangement con￿ll[lleS 8 finan¢ing transaction, wheie the transaction is mèasured at the presènt value of thè future receipts disu)unted at 8 market ratÈ of interesL Financial assets dassmled as recelvable wllhln one year are not am¢rtlsed. Baslc IAnanoial liabilitiOS Bxsie fJnan¢i81 li8bililie$, intjuding Creditors and bank loans are irbilially recognised at transaction price unless the arrangement conslit¥Jtes a financtng transaclron. where the debt instrument is measured at the present value of the future payments discounted al a market rate of inteTest. Financial liabilities dassifi8d as payable wrthin one year are not amortised. Debl inslnjments are subsequently Carried at amortl8ed uslng thtr effective interest rate method. Tr8dè Cr￿ltorS 8re obligations to pay for goods or Servi￿ Ihat h3vè been #cquired in the ordinary course ol operations from suppliers. Amounts payable are classified as ujrrenl liabifilies rf payment is due within on8 year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pri￿ and subsequently measured al amortised cost using the effective inleresl method. 10- Dllw8iqn Erwelope ID.. 2C9OB8ED-2C79471F-93FF￿F2AB401fj3co NOMAD CONSERVATION FUND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 30 APRIL 2024 Accoundng pollclos IC<>ntlnuedl Dereeognltlon of Ilnanelal Ilabllltles Financial liabilities a￿ derecognised when thB chariV8 conlrdctual obligalK)ns expire or are discharged or agncelled. 1.9 Employee benerts The cost of any unused holiday entitlement is recognised in tha p8ric¥J in which th8 èmployÉe's servi* <4 0 Or ¢0 O (TJ 17) (O* (•¢Tr I CO0￿ c￿0 lu o D￿lS19n Env&￿pal￿. 2C9O88ED.2CN71F￿FF4)F2A84o113C0 DocuskJn Envelope ID: 2C90BBE￿2C79471F-93FF-OF2A840113C0 NOMAD CONSERVATION FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 APRIL 2024 De8crlptlon of charitable actSvlti•s on Using tourism as a powerful tool for direct protsction of habitats and wildlrfe. Looking after the enviionment one steps at a time from camp dèsign to cathng food miles. Facilitate doctors. dentists and olher hgalth proféssiDnal$treating ¢ommunibes in Ihe Temole areas we work. Education is the foundation. the kay to unlocking wlential and the galewoy to opportunKy. Doing anything we lo in8pire the next generation to realise the importance of conservation. Inve¥lirkg in local Feople wlh our innovatnf8 approach to prowde funding. training and business support. onP Lending carnps. people. cars and planas, whe￿ver we can b8 helpful to support ￿nSeNatIOn kn the field. Induded within 0lh8r expendiiuro an85ysis is expenthture in reialion lo Creating Cargor Paths and other minor activit￿s. Grants payable suppoTr￿ng Consèrvatlo n Partnèrs 2024 Grants to institutions= Tongwe Tw81 LCMO Wld Surfftvwg STEP KopeLion Lion Landscapes 6,775 5,000 5.000 4.939 5.000 21.714 14- DrKusiqn Env8lope ID.. 2C9OB8E￿2c7￿T1F-93FF.nF2A8￿0f13C0 NOMAD CONSERVATION FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 APRIL 2024 Support ¢osts allocated to actlvltle 2024 Staff rA>$ts Bank fees Ir¢surance Office costs Subscription$ Revalualion currency gain3 Govemanc8 costs 135.054 631 660 7.883 203 (1.245) 2,630 145.816 Analysod bfrtsveen: COnSe￿allOn Driven by Touri8rn L ￿hle￿ing ourfootwnt Beds lor Meds Invesling in education Sharing our love of thè rtaiur81 worfd Supporting Enl￿preneurShlP Supwting Conservation Partnars Other 2.530 2,728 40,480 57,055 5,816 8,267 27,974 145,816 SuppiKt and govewnance costs have been apportioned between charitable activtties b8sÈd on the value of the work Complèted in each. Ngt mov8mont In funds 2024 The net movement in ffijnds is staled Bfter chargingl{credthng)'. Fees payable for th¢ kndopÈndent examinalion ol the chanty's financial sktements 2,630 Trustees None of the trustees lor any persons connectad with tham> r8cèiv8d any iemuneration or benefits from the thaiity during the perwjd. 10 Employ Thè aver•Je monthty number ofemployees during the pertod wa$.. 2024 Number Total 15- 0(*￿[gA Envelope ID: 2C9oB8ED.2c7￿71F-98FF.CF2A￿40113C0 NOMAD CONSERVATION FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 APRIL 2024 10 Employegs (Continued) Employment costs 2024 Wag9s and salaries 135.054 The wages cost 18 represèntative of the notional ￿$t of staff employed by Ntsmad Tanzania Ltd. p￿d on behalf ol Ihe charty by the connected company. who perfomi wotl( for the tharty. No staff are employed direclly by the charity- There We￿ no employees whose amual remuneration was nwJTe than $60.000. 11 Taxation Tha charity is exempt from laxalion on its actiwties because all its in¢ome Is applied for charftable purposes. 12 DebtOTS 2024 Amounts falllng du• within ono year: otherdeblors 53,335 13 Creditovs: amounts falling due wlthln anè year 2024 Accruals and deferred In¢om& 1630 14 RKtrl¢tsd funds The restricted lunds of Ihe charity compris& thè UnèX￿ndèd balan¢e$ of donations and grants held on trust suLiecl to specAfic ¢oThJilipns by dorKiis as to how they may be used. At11 Novembor 2022 Incomlng Rèsources I￿￿Ur¢?$ xpended Transfe At 30 April 2024 Prbvate donations Social Capital Foundalton gTanl 80.716 106.212 (48.588) (57,533) 11.340 4.656 43.468 53.335 186.928 (1C6.121) 15.996 96.803 16- DotA]s*n EDvek)pe ID.. 2cgoB8ED.2C7S471F-93FF.OF2AB40113CO NOMAD CONSERVATION FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 APRIL 2024 14 Restrlctsd funds IContin¥wdl Restricied funds ar8 hdd for the $pe¢ifi¢ pU￿oseS as instmrted by the (kinors. Restrictèd wivat8 donatton fund$ ￿MpriSe various funds received from multiple dorrors. The pury)oses lor private donations range ar*oss the project aclmties undertaken by the thadty, from sponsowing specific students in their ¢du¢atlon to purtha*ng resources for speufio s¢hool8. Restricted Soaal Capital Foundation grant funds are lo be us&d for the speeifi¢ purposes set out in the Grant Agr88m8nl betwn Nomad Conservalton Fund and Sooal Capital Foundation. This indudes allocatKJns across health & wellbeing. lifelong leaming & growth and fiokl support. 15 Unrestrkted funds The Un[estri￿ed funds oftha charity comprise th8 unexpended balar￿3 of donation¥ and gfanls whl¢h are not subject lo spectfic crjndilions by donors and grantors as to how they may be used. These indude designated funds have been set aside out of unrestricted funds by Ihe trusteos for 8pecific purposes. At11 Novemb¥r 2022 In¢oming Resources resources expended Transfers Al 30 April 2024 Designaled funds General funds 48.492 343.949 110,392> (222.2931 36.11J) 105,660 115.996) 390.441 P32,685) 115.998) 141.760 16 Analysls of net as$ets botwoen funds Unrestrlcted funds 2024 Rgstrict•d funds 2024 Total 2024 At 30 Aprll 2024: CU￿ant assetsJ(li8baities) 141.760 96.803 238,563 141.780 96,803 238,563 17 R•latsd party transacuons Nomad ConseNation Fund shares key fftanagemenl with Nomad Safaris Ltd and Nomad Tar7zania Ltd. which lomi part ol the Nomad Consewvalion Group. During the period th8 charity recèived $225.626 in the f￿M of donations from Nlomad Conservation Group and recognis¢d a notional donation of $142,937 to reflect the use of the companies, staff and offices. At the period end, there are no outstanding balances with Nomad onsorvafiDn Group. 17-