**Company No. 2308065 Registered Charity Number 1000649** ## **Company Number 2308065** **(A company limited by guarantee)** ## **QUESTSCOPE** ## **DIRECTORS' REPORT AND AUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2021** ## **QUESTSCOPE** ## **(A company limited by guarantee)** ## **Contents** ||**Page**| |---|---| |Directors and Other Information|1| |Report of the Trustees|2| |Statement of Trustees' Responsibilities|5| |Independent Auditors' Report|6| |Appendix to Independent Auditors' Report|10| |Profit and Loss Account|10| |Statement of retained funds|11| |Balance Sheet|12| |Statement of cash flows|13| |Notes to the Financial Statements|14 - 17| **(A company limited by guarantee)** ## **QUESTSCOPE** ## **Directors and Other Information** |**Directors**|Dr. C.N. Rhodes - Trustee, Founder and International Director| |---|---| ||Dr. M. Al Yafi| ||S.T. Leatherman| ||J.A. Gappa| ||H. Cordell| |**Registered Office**|46 Dene Garth| ||Ovingham| ||Prudhoe| ||Northumberland| ||England| ||NE42 6AP| |**Business Address**|PO Box 910729| ||Jabal Al-Weibdi| ||Amman 11191| ||Jordan| |**Company Number**|2308065| |**Charity Number**|1000649| |**Auditors**|Tom Carolan & Co| ||Chartered Accountants, Registered Auditors| ||33 Austin Friars Street| ||Mullingar| ||Co. Westmeath| ||Ireland N91 NR52| |**Bankers**|National Westminster Bank Plc| ||135 Bishopsgate| ||London EC2M 3UR| |**Solicitors**|Wellers| ||7-8 Grays Inn Square| ||London WC1R 5JQ| Page 1 ## **QUESTSCOPE** ## **(A company limited by guarantee)** ## **Report of the Trustees for the year ended 31 March 2021** The Trustees, who are also the Directors for the purposes of company law, present their report and the financial statements of the Company for the year ended 31 March 2021. This report combines the Trustees' annual report for the purposes of the Charities Act 2006, and the Directors' report for the purposes of section 235 of the Companies Act 2006. ## **Legal Status and Principal Activity** The Charity is a company limited by guarantee, not having a share capital. The governing document is the memorandum and Articles of Association of the Charitable Company. The word 'limited' is omitted from the Charitable Company's name under the provisions of the Companies Act 2006. Questscope is registered in the United Kingdom as a Company Limited by Guarantee under the Companies Act 2006. Questscope is also legally registered to conduct business in The Hashemite Kingdom of Jordan. Questscope receives grants and contributions to manage educational and refugee programs in Jordan and Syria. ## **Constitution and Governance** The Charitable Company (registration number 2308065), which is limited by guarantee, is registered as a charity under the number 1000649. The Management Committee (who are also the Directors of the Charitable Company for the purposes of the Companies Act and are the Trustees for the purposes of charity law) are elected at the annual general meeting. ## **Alight (formerly American Refugee Committee)** Questscope is a partner organisation of Alight (formerly the American Refugee Committee). Alight is a charity based in Minneapolis, Minnesota, United States of America, and it provides emergency and humanitarian relief for refugees in many countries. ## **Review of Activities and Future Developments - Fiscal Year Programme Summary** ## **Non-Formal Education Scaling-Up for Syrian and Jordanian Out-of-School Children:** Questscope continues with its expansion of its Non-Formal Education (NFE®) Programme for Syrian and Jordanian out-of-school children. The project will enrol up to 9,000 Syrian and Jordanian girls and boys in MoED-certified NFE in host communities in Jordan and in Azraq Refugee Camp over a period of 24 months. Graduates of the program will receive a 10th-grade equivalency certificate enabling them to pursue further educational or vocational opportunities. ## **Engaging At-Risk Youth for Positive Change in Za’atri Camp:** Questscope completed three cycles of a mentoring initiative supported by UNFPA in Za’atri camp. The program began in 2014 as a six-month pilot initiative targeting more than 600 of the “most difficult” youth (males and females aged 12-20). The youth targeted and reached by the program consist of the following specific groups: 1. Youth who are at risk of involvement in violent or anti-social behaviour 2. Youth that have committed or participated in violent acts in the camp or have been in conflict with the law or police in some way 3. Youth who are currently held in detention or are being returned to Za'atri post release The program was highly successful in achieving its objectives, which included: increasing the capacity of community and partner volunteers to integrate and work with at-risk youth, providing targeted goal-oriented activity options for at-risk youth, rooted in individual accompaniment. Through training for community and partner volunteers, varied activity sessions for program beneficiaries, and a strong engagement with the local community, Questscope was able to build a strong network of relationships that will continue to support its work in Za’atri over the next fiscal year. Page 2 **(A company limited by guarantee) Report of the Trustees for the year ended 31 March 2021 (Continued)** ## **QUESTSCOPE** ## **Youth Resolve Program:** The Questscope Youth Resolve Program began in 2020 with Mentoring 1,000 and Informal Education for 1,500 at risk youth. The program is operated in cooperation with local Jordanian CBOs (Community Based Organisations), universities, Department of Public Security and the Ministry of Social Development. ## **At-Risk Females:** This year, Questscope continued a project for female refugees from Syrians of Palestinian descent in Aqaba that was initiated in 2013. The project provided IFE, tutoring, extracurricular activities, and any needed referrals for girls over a 12-month period. ## **Germany** Questscope recently registered in Germany under the name Questscope (gGmbH). In these initial stages, Questscope gGmbH is working with the refugee populations in social integration and youth empowerment activities. ## **Syria** Similarly, Questscope is registered with Syrian Arab Red Crescent (SARC) as an iNGO in Syria as well. ## **Trustees/Directors** The Trustees/Directors who served during the year were as set out below: Dr. C.N. Rhodes - Trustee, Founder and International Director Dr. M. Al Yafi S.T. Leatherman J.A. Gappa H. Cordell The Company is limited by guarantee and does not have a share capital, therefore no director held shares at any time during the year. ## **Reserves Policy** The Trustees have reviewed the reserves of the Charitable Company, taking into account the location of the work, the at-risk target group, intermittent and often large project income funding and the wide range of projects. On this basis, the Trustees conclude that the level of unrestricted reserves should ideally be between 9 and 12 months operating expenditure. At present, the level of reserves is less than two months operating expenditure. ## **Risk Review** The Trustees continuously review the major risks which the Charitable Company faces and are implementing such systems as are possible to minimise those risks. This reviewing process will continue throughout the forthcoming year. This year the board was especially mindful of the unique challenges caused by the disruption to the global economic situation due to COVID-19, which includes the iNGO fund-raising environment, and has discussed it extensively. ## **Investment policy** The Trustees consider, on the basis of present cash balances and the need for easy access to them, that the current policy of investing short term surplus cash in interest bearing bank deposits is appropriate. ## **Auditors** Tom Carolan and Co., Chartered Accountants, have indicated their willingness to remain as auditors. A resolution re-appointing Tom Carolan & Co is to be proposed at the next Annual General meeting. ## **Statement of disclosure to the Auditors** So far as the trustees are aware, there is no relevant accounting information of which our company's auditors are unaware. Also, the trustees have taken all the necessary steps that they ought to have taken as trustees in order to make themselves aware of all relevant accounting information and to establish that the company's auditors are aware of that information. Page 3 QUESTSCOPE IA Gompany Ilmltod ty guaranto01 Roport olthe TrU$t&￿ for Ihg yoaT Bnd•d 31 March 2021 l¢ontlnu0d Post Balancoshogt Evgnts Thore ha¥8 t6en ￿ events the baL9r￿ sheet ¢Jate that M￿h1 n￿058￿81&a r05talemenl oflhe fina￿81 sNement8. Basls ol Preparatlon Thi5 repDrt has twn prepar•Y in ac￿rd￿￿th the s￿¢4a1 p￿￿s1onS relatiw to ¥mall compsnieswithin Part 15 ofthe Cornpanies Act 2006. By ordor ol th• Board 7OZI Dr. C.N. Rh(yJe&- Trust*, Foun nd Int8matio)al Threthr Page 4 QUESTSCOPE IA company Ilmlted by guarantsel Statement of Trustges. Rgsporv&ibllltlg5 siatemont of Tru$loos' rospoTh$lbl1￿os ompany law wi￿5 the Trustees lo wepare finBrKial 51alemenls foreach finaro81 ye8rvthicl give a tru8 and fairviwi of the state of affaiTS of th8 CL￿par}Y arKI ol the npt in(x)ming or OLJlg(xng re￿)UrceS of th8 Company ftrifot wi)d. In kyeparfno th098 financia stat*nènts, Truslaas ao requir￿ lo", ' Select suitaNe 8(uunling and then awy Iham consistent ' Mak8 judyefflonts and esiimales Ihat*t reasonab￿ aTKI P￿tsnt ' Prepare th8 fin￿￿81 $tsiemenis on tho gCdNj￿r￿rn basis unless it is inappropriate to wesumè thai th& Company ￿11 (¥)rtinua Inbu*nes& The Tru51ees a￿ re5wnsibk for kwrvJ pror¢r ar￿￿￿lIng reoyds whSth dis£10gewiih Str)ab￿ ac¢uraGy al any lime fin*¢￿1 w￿l10n of tha Company ar¥J to anabla them to ansure that the finaroal staiemenlscompty wllh the Companles Act 2￿. They are 8180 [9¥￿s1b1e for safeguarding the assets oflhe coM￿nY and hence r(K t¥￿Tr) rea50nabb steK rthe P[evenb￿ arNI d818ction offraLKI and ollw irre9uL4Fibe ?oer Dr. C.N. R￿de5- Truste8, Fou nd Intemabtnal &rector PasE 5 ## **Independent Auditor's Report to the Trustees / Directors of QUESTSCOPE** ## **(A company limited by guarantee)** We have audited the financial statements of Questscope (the Company) for the year ended 31 March 2021, which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and related notes on pages 14 - 18. The financial reporting framework that has been applied in their preparation is U.K. Law and FRS 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland applying Section 1A of that Standard. In our opinion the financial statements: - give a true and fair view of the assets, liabilities and financial position of the Company as at 31 March 2021 and of its result for the year then ended; - have been properly prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, applying Section 1A of that Standard and - have been properly prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for Opinion** We conducted our audit in accordance with International Standards on Auditing (England & Wales) (ISAs (England and Wales)) and applicable law. Our responsibilities under those standards are described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with ethical requirements that are relevant to our audit of Financial Statements in England and Wales, including the Ethical Standard for Auditors (England and Wales) issued by the Auditing and Accounting Supervisory Authority (IAASA), and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** We have nothing to report in respect of the following matters in relation to which ISAs (England & Wales) require us to report to you where: the trustee's use of the going concern basis of accounting in the preparation of the financial statements is not appropriate: or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. ## **Opinion on other matters prescribed by the Companies Act 2006** In our opinion, the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements. Page 6 ## **Independent Auditor's Report to the Trustees / Directors of QUESTSCOPE** ## **(A company limited by guarantee)** (Continued) ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** Based solely on the work undertaken in the course of the audit, we report that: in our opinion, the information given in the trustees’ report is consistent with the financial statements; and in our opinion, the trustees’ report has been prepared in accordance with the Companies Act 2006 We have obtained all the information and explanations we consider necessary for the purposes of our audit. ## **Matters on which we are required to report by exception** Based on the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified any material misstatements in the trustees' report. The Companies Act 2006 requires us to report to you if, in our opinion, the disclosures of trustees’ remuneration and transactions required by the Act are not made. We have nothing to report in this regard. ## **Respective responsibilities** ## **Responsibilities of trustees for the financial statements** As explained more fully in the trustees’ responsibilities statement set out on page 3, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Page 7 Indep8néentAudltor's Roportto the TN8tses l DlreGtors of QUESTSCOPE IA company Ilmitad by guarantael Iconlinuedl Audlt¢*r's respon51bllltSe¥ forth8 audlt of the flnancial 8tstement8 Our obie¢b¥8S are lo obialn reasonabl8 assurance about wheiher Ihe fingndal slalemen15 as whole are Irea fiom material mis518tement. whether duè 10 fraud or error, and to I9su8 an 8uditof5 réport that in¢lud8s our opinion. Reasonab￿ a$sur8nce ￿ a high1trvel of assurance. ￿}1 is not a 9u3ranlee that an audit conduGied in acC￿danCe with ISAS IEn9land & W#l8sl will aK¥ay5 d8le¢t a m8terl81 misstsbmanl %Yhen il exlsls. MI981ai8menls can arise froffl fraud or errol ond are Cons￿￿rea material indivtdvally or in the É9gfegat8. they could reasonably be eXpe￿ed to Influenc• tha eronoml d8d5ion8 of usars taken on the b4$1s of Ihase fin8ncL41 slÈtoments. The pyrpo8e of our audllwork and to whom wa w our 1ospon$lbllltles r report Is made sol8ty lo th8 Company's member$. as a body. In accordance vlth Iht Companles Act 201￿. Our 8udit svork has been undartakeTh $0 IhBI rn￿h1 ¥1ote 10 th8 Companys rnembers IhOS8 mHlt8r8 we are requSred 10 slate 10 Ihern in an audilorfs raport and for no other purpose. To rullest extent PtrDriiied tyy law, we do not accept or a8$umo re5POll8lbllKy to anyène olherlhan the company anEI th? Company's membèl8, 95 8 body, for ouraudil work, for Ihls repDrt, w for the opinlon> we h3vo lormed. Tom Carolan. B,¢omm.. F.CA. Dat¢ For •nd on behalf of Tom C8iolan & CO Chartered Aecoufjtanls. Reglslered AL*liior¥ 33 Austin Friars Slreet Co, wesimealh If818Thl N91 NR52 P89e 8 **Independent Auditor's Report to the Trustees / Directors of QUESTSCOPE APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT Further information regarding the scope of our responsibilities as auditor** As part of an audit in accordance with ISAs (England and Wales), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than from one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Page 9 ## **QUESTSCOPE** ## **(A company limited by guarantee)** ## **Statement of Financial Activities for the year ended 31 March 2021** **----- Start of picture text -----**
Restricted Unrestricted Total Funds Total Funds
Income and expenditure Notes Funds Funds 2021 2020
Incoming resources £ £ £ £
Grants & Donations 2 135,828 360,921 496,749 829,349
Grants received 3 1,892,796 - 1,892,796 7,725,090
In-kind Income 100,738 - 100,738 195,047
2,129,362 360,921 2,490,283 8,749,486
Indirect cost support 4 (255,843) 255,843 - -
Total Incoming resources 1,873,519 616,764 2,490,283 8,749,486
Resources expended
Charitable expenditure 5
Non Formal / Informal Education 3,492,139 - 3,492,139 5,639,171
In-kind expenditure 100,738 - 100,738 195,047
Support services 6 - 557,691 557,691 437,184
including governance costs
Total resources expended 3,592,877 557,691 4,150,568 6,271,402
Net (outgoing)/incoming resources
transferred to funds for the year (1,719,358) 59,073 (1,660,285) 2,478,084
Balance of funds at 1 April 2020 4,171,114 (55,701) 4,115,413 1,538,097
Currency adjustment to opening fund balances (423,157) 5,651 (417,506) 99,232
Balance of funds at 31 March 2021 £2,028,599 £9,023 £2,037,622 £4,115,413
**----- End of picture text -----**
The net incoming resources, as stated above, recognise all gains and losses for the year as defined by Financial Reporting Standard 102. All income arose in relation to continuing activities, though individual projects may have commenced or ended during the financial year. No separate statement of total recognised gains and losses is required. Page 10 ## **QUESTSCOPE** ## **(A company limited by guarantee)** ## **Statement of Retained Funds for the year ended 31 March 2021** **----- Start of picture text -----**
Restricted Unrestricted Total Funds Total Funds
2021 2021 2021 2020
£ £ £ £
Result for the year (1,719,358) 59,073 (1,660,285) 2,478,084
Retained earnings at the beginning of the year 4,171,114 (55,701) 4,115,413 1,538,097
Currency adjustment to opening fund balances (423,157) 5,651 (417,506) 99,232
Retained earnings at the end of the year £2,028,599 £9,023 £2,037,622 £4,115,413
**----- End of picture text -----**
Page 11 QUESTSCOPE IA ¢ompany Ilmitpd by guaronteel Bal&n¢8 Sheot at 31 March 2021 2021 2020 Not88 Current assots Debtors Bank bBLqrrE5 2,243.968 1.05Q415 3,202.383 1,264.761 4.765.773 1,354.530 6.120.303 2,DD4.890 Lasg.. crgdltor5 wlthln onoyo 10 Not curr•nt assets 2.037.622 É2.03T.622 4,115,413 £4,115,413 Net assets Roprejonted by.. General fund5 Restricted fu￿3 9.023 2.028,599 £2.03T,622 155,7011 12 £4.115.413 Basls of Prgparatlon This raport has been ￿epared in 8¢urd8ncewlh the sped￿ pThS1￿¥ smal tr)mpanias subject to tha $m¥ll companies regime. Approvod by tho Bowd and authorlsed lor Issue- Dr. C.N. RtrwJd8s- Intsmaiional D J.A. Gappa- Tiustee September 23, 2021 Company R8ghtratktn Numbar 230B065 Page 12 **(A company limited by guarantee)** **Cash Flow Statement for the year ended 31 March 2021** ## **QUESTSCOPE** **----- Start of picture text -----**
2021 2020
£ £
Net cash inflow/(outflow) from operating activities (note 1 below) 121,391 136,125
Effect of re-statement of opening net current assets due to currency fluctuations (417,506) 99,232
Net Cash Inflow/(outflow) (£296,115) £235,357
Increase/(Decrease) in cash for the year (£296,115) £235,357
Notes to the Cash Flow Statement for the year ended 31 March 2020
Note 1
Net cash inflow/(Outflow) from operating activities
£ £
Operating surplus/(deficit) (1,660,285) 2,478,084
Depreciation of tangible fixed assets - 1
(Increase)/Decrease in debtors 2,521,805 (3,455,476)
(Decrease)/Increase in creditors (740,129) 1,113,516
£121,391 £136,125
Note 2 Opening Cash Closing
Analysis of change in net funds Balance Flows Balance
£ £ £
Cash at bank and in hand 1,354,530 (296,115) 1,058,415
1,354,530 (296,115) 1,058,415
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Page 13 **(A company limited by guarantee)** **Notes to the Financial Statements for the year ended 31 March 2021** ## **QUESTSCOPE** ## **1 Accounting Policies** ## **Company information** Questscope is a company limited by guarantee incorporated in England and Wales. The registered office is 46 Dene Garth, Ovingham, Prudhoe, Northumberland, England, NE42 6AP ## **Basis of accounting and accounting policies** These financial statements have been prepared in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and the Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in pounds sterling. The functional currency of the company is American Dollars. The Company reports in Pounds Sterling. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **Income recognition** For the signing of grant agreements, Questscope now recognize a full year's income. Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when received. Investment income is included when received. ## **Depreciation** Fixed assets are generally charged to projects. All fixed assets not so charged have been written down to nil. ## **Foreign currencies** The company reports in Pounds Sterling. The functional currency of the Company is US Dollars. Foreign exchange transactions are translated into dollars at the exchange rate ruling at the date of transactions. Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange prevailing at the balance sheet date. Any exchange differences are dealt with in the Statement of Financial Activities. **Resources expended** Resources expended are allocated to the particular activity where the costs relate directly to that activity. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources. Staff costs are split on an estimated basis, examining the work of each staff member separately. **Tax status** The Charitable Company is a registered charity within the definition of section 506(1) Income and Corporation Tax Act 1988, and is therefore able to take advantage of the reliefs given by Section 505 of that act. ## **Cash and cash equivalents** Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **Financial instruments** The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## **Basic financial assets** Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Page 14 ## **QUESTSCOPE** ## **(A company limited by guarantee)** ## **Notes to the Financial Statements for the year ended 31 March 2021** (Continued) ## **Basis of accounting and accounting policies** (Continued) ## **Classification of financial liabilities** Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business 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 using the effective interest method. ## **Fund accounting** Funds held by the Charitable Company are; **Unrestricted general funds** - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees. **Restricted funds** _-_ these are funds which can only be used for specific purposes within the objects of the Charitable Company Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |**2 Grants & Donations**
Questscope USA and private donations
Indirect cost support|**Unrestricted**
**Total Funds**
**2021**
**£**
360,921
255,843
£616,764|**Unrestricted**
**Total Funds**
**2020**
**£**
47,972
330,705
£378,677| |---|---|---| Questscope USA is a foundation based in the United States of America which works with the Charitable Company on various projects. |**3 Grants received**
Restricted Income - Other Projects (Note 11)|**Restricted**
**Total Funds**
**2021**
**£**
1,892,796
£1,892,796|**Restricted**
**Total Funds**
**2020**
**£**
7,725,090
£7,725,090| |---|---|---| ## **4 Indirect cost support** Indirect cost support comprises monies received from various Support organisations given to aid Questscope with central administration and other costs as follows; |Headquarters
UNICEF
UNFPA
USAID
Dubai care
OFDA
Catalyst|25,557
78,612
21,388
98,588
3,330
27,411
957
£255,843|23,056
134,071
28,103
122,084
409
22,982
-
£330,705| |---|---|---| Page 15 ## **QUESTSCOPE** ## **(A company limited by guarantee) Notes to the Financial Statements for the year ended 31 March 2021** (Continued) ## **5 Total Restricted Resources expended (Including in-kind expenditure)** **----- Start of picture text -----**
Headquarters Totals Total
UNICEF USAID UNFPA Other * Restricted 2021 2020
£ £ £ £ £ £ £
Salaries and staff 437,674 525,428 60,551 327,342 124,590 1,475,585 1,692,919
In-Kind 54,191 46,547 100,738 195,047
Direct Project expenses 618,359 397,689 141,725 505,120 164,992 1,827,885 3,458,996
Other Project expenses 66,995 62,763 11,597 20,414 26,900 188,669 487,256
Sub Total £1,177,219 £1,032,427 £213,873 £852,876 £316,482 £3,592,877 £5,834,218
*Other Dubai Care OFDA Syria Germany Catalyst Total
£ £ £ £ £
Salaries and staff 25,615 256,954 35,204 9,569 327,342
Direct Project expenditure 502,119 3,001 505,120
Other project expenditure 20,366 48 20,414
Sub Total £25,615 £779,439 £38,253 £9,569 £852,876
6 Support Services 2021 2020
£ £
Support Services comprised
Salaries and staff costs 454,713 310,236
Support 14,686 19,799
Professional fees 48,674 39,436
Vehicle costs 2,558 50,020
Rent & premises costs 5,827 3,184
Telecommunications 6,630 7,916
Maintenance 4,740 1,084
Public relations 157 913
Stationery 642 -
Bank charges 1,229 3,524
Miscellaneous 921 302
Insurance 18,602 -
Write off of fixed assets - 1
Gain on Foreign currency (1,688) 769
£557,691 £437,184
7 Net Incoming resources for the year
Stated after (crediting) / charging; £ £
Auditor's remuneration - Governance costs 5,000 5,000
Exchange (gain) / loss on restatement of opening fund balances. 417,506 (99,232)
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Page 16 ## **QUESTSCOPE** ## **(A company limited by guarantee) Notes to the Financial Statements for the year ended 31 March 2021** (Continued) **----- Start of picture text -----**
2021 2020
8 Staff costs £ £
Salaries and related costs 1,789,040 1,861,897
Social security costs 141,258 141,258
£1,930,298 £2,003,155
The average number of employees of the Charitable Company during the year was;
Project workers 57 40
Management and administration 7 7
64 47
No employee received emoluments at a rate in excess of £50,000 per annum. No emoluments or
expenses were paid to any Trustee or any persons connected with them during the year (2020 - nil).
Dr. C.N. Rhodes and J.V. VanCleave are remunerated by Questscope USA.
2021 2020
9 Debtors £ £
Pledged receivables (see below) 2,154,652 4,736,070
Prepayments and other debtors 89,316 29,703
£2,243,968 £4,765,773
Pledged receivables represent monies to be granted to Questscope in the coming financial year. The monies are
in the form of restricted funds and are pledged on the understanding that Questscope will be spending the funds
on the appropriate projects within the following twelve months.
2021 2020
£ £
10 Creditors; Amounts falling due within one year
Trade creditors 1,063,312 1,645,631
Accrued expenses and other creditors 201,449 359,259
£1,264,761 £2,004,890
11 Unrestricted funds
Balance at 1 April 2020 (55,701) 2,636
Currency adjustment 5,651 170
Net movement in funds 59,073 (58,507)
Balance at 31 March 2021 £9,023 (£55,701)
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Page 17 ## **QUESTSCOPE** ## **(A company limited by guarantee)** ## **Notes to the Financial Statements for the year ended 31 March 2021** (Continued) **----- Start of picture text -----**
Currency Incoming Resources
adjustment resources Indirect expended
12 Restricted Funds Balance at to opening (Including cost (Including Balance at
01 April 20 balance in-kind) support in-kind) 31 March 21
£ £ £ £ £ £
UNICEF 1 637,067 (64,630) (572,437)
UNICEF 2 (293,103) 29,735 263,368
UNICEF 3 (385,786) 39,138 346,648
UNICEF 2020 1,046,776 (106,195) 134,750 (66,804) (1,008,527)
UNICEF 2021 1,087,766 (11,808) (206,271) 869,687
USAID 1,594,366 (161,747) 254,873 (98,588) (1,032,427) 556,477
MADAD (252,574) 25,623 60,714 (166,237)
UNFPA 4 1 (1)
UNFPA 5 1 (1)
UNFPA 2020 224,272 (22,752) (7,162) (17,669) (176,689)
UNFPA 2021 177,558 (3,719) (37,182) 136,657
Dubai Care 55,393 (5,620) 38,754 (3,330) (25,615) 59,582
Germany (50,876) 5,161 (38,253) (83,968)
OFDA 1,110,595 (112,669) (27,412) (779,439) 191,075
Catalyst 145,543 (956) (9,569) 135,018
Headquarters 484,982 (49,201) 236,566 (25,557) (316,482) 330,308
£4,171,114 (£423,157) £2,129,362 (£255,843) (£3,592,877) £2,028,599
Assets Total
13 Analysis of funds. £ £
Restricted funds 2,028,599 4,171,114
Unrestricted funds 9,023 (55,701)
£2,037,622 £4,115,413
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## **14 Capital commitments and contingent liabilities** There were no material capital commitments or contingent liabilities at 31 March 2021 (2020 - nil) ## **15 Ultimate controlling party** There is no ultimate controlling party but the charitable company is under the control of the directors / trustees. ## **16 Transactions with related parties** During the year, Questscope received donations from Questscope USA, an American registered charity of which Dr. C.N. Rhodes is a director. Dr. C.N. Rhodes and J.V. Van Cleave (Treasury-finance and Regulatory Director) are remunerated by Questscope USA. ## **17 Reporting period** The accounts are for the twelve months to 31 March 2021. The comparatives are for the twelve months to to 31 March 2020. Page 18