2022-03-31-accounts - Questscope

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Directors and Other Information
Report ofthe Trustees
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report
Appendix to Independent Auditors'		Report
Statement ofFinancial	Activities
Statement of retained	funds		10
Balance Sheet
Statement of cash flows
Notes to the Financial	Statements		13

Directors	and Other Information
Directors		Dr. C.N. Rhodes - Trustee, Founder			and Chief Vision Officer
		Dr. M. Al Yafi
		J.A. Gappa
		H. Cordell
		S.T.Leatherman	(Resigned 30th April 2022)
Registered	Office	46 Dens Garth
		Ovingham
		Prudhoe
		Northumberland
		England
		NE42 6AP
Business	Address	PO Box910729
		Jebel Al-Weibdi
		Amman 11191
		Jordan
Company	Number	2308065
Chadity Number		1000649
Auditors		Tom Carolan &Co
		Chartered Accountants,		Registered	Auditors
		33Austin Friars Street
		Mugingar
		Co.Westmeath
		Ireland N91 NR52
Bankers		National Westminster		Bank Pic
		135Bishopsgate
		London EC2M 3UR
Solicitors		Wefiers
		7-8 Grays Inn Square
		London WC1R 5JQ

As part ofan audit in accordance with ISAs (England and Wales), we exercise professional judgement and maintain	As part ofan audit in accordance with ISAs (England and Wales), we exercise professional judgement and maintain	As part ofan audit in accordance with ISAs (England and Wales), we exercise professional judgement and maintain	As part ofan 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 ofthe financial statements,		whether due to fraud or error,
design and perform audit procedures responsive tothose risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk ofnot detecting a material	misstatement resulting from
fraud is higher than from one resulting from error, as fraud may involve collusion,	forgery, intentional omissions,
misrepresentations, orthe 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 ofexpressing an opinion		on the effectiveness ofthe
company's internal control.
- Evaluate the appropriateness ofaccounting policies used and the reasonableness		ofaccounting estimates and
related disclosures made by the directors.
-Conclude on the appropriateness ofthe directors' use ofthe going concern basis	ofaccounting 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. Ifwe condude that a materiial
uncertainty exists, we are required to draw attention in our Auditor's Report to the		related disdosures in the
financial statements or, ifsuch disclosures are inadequate, to modify our opinion.		Our conclusions are based on
the audit evidence obtained up to the date ofour 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 ofthe financial statements,		induding the disclosures,	snd
whether the financial statements represent the underlying transactions and events		in a manner that achieves fair

						Restricted	Unrestricted	Total Funds	Total Funds
Income and expenditure					Notes	Funds	Funds	2022	2021
Incoming resources							6		6
Grants 8 Donations							497,934	497,934	135,828
Grants received						533,520		533,520	1,892,796
In-kind Income						99,111		99,111	100,738
						632,631	497,934	1,130,565	2,490,283
Indirect cost support						25,233		25,233
Total Incoming resources						657,864	497,934	1,155,798	2,490,283
Resources expended
Charitable expenditure
Non Formal / Informal	Education					1,958,847		1,958,847	3,492,139
In-kind expenditure						99,111		99,111	100,738
Support services							822,625	822,625	557,691
including governance			costs
Total resources expended						2,057,958	822,625	2,880,583	4,150,568
Net (outgoing)/incoming		resources
transferred (fromj/to	funds for			the year		(1,400,094)	(324,691)	(1,724,785)	(1,660,285)
Balance offunds at 1 April			2021
As originally stated						2,028,599	(3,359)	2,025,240	4,115,413
Prior year adjustment
Adjustment re expenditure									(12,382)
						2,028,599	(3,359)	2,025,240	4,103,031
Currency adjustment	to	opening		fund balances		104,147	(171)	103,976	(417,506)
Balance offunds at 31	March 2022					7732,652	(5328,221)	6404,431	62,025,240

						Restrlcfsd	Unrestricted	Total Funds	Total Funds
						2022	2022	2022	2021
						8	8	8	8
Result for	the	year				(1,400,094)	(324,691)	(1,724,785)	(1,660,285)
Retained	earnings		at the	beginning	ofthe year	2,028,599	(3,359)	2,025,240	4,103,031
Currency		adjustment		to opening	fund balances	104,147	(171)	103,976	(417,506)
Retained	earnings		atthe end ofthe year			9732,652	(f328,221)	2404,431	92,025,240

			2022	2021
		Notes	f	f
Current assets
Debtors			702,768	2,231,586
Bank balances			1,176,572	1,058,415
			1,879,340	3,290,001
Less: creditors due within one year		10	1,474,909	1,264,761
Net current	assets		404,431	2,025,240
Net assets			f404,431	f2,025,240
Represented	by;
General funds			(328,221)	(3,359)
Restricted	funds	12	732,652	2,028,599
			f404,431	f2,025,240

							2022	2021
							8	8
Net cash inflow/(outflow)		from operating		activities (note 1 below)			14,181	136,125
Effect of re-statement		ofopening	net current		assets due to currency fluctuations		103,976	99,232
Net Cash InRow/(outhow)							5118,157	5235,357
Increase/(Decrease) in	cash forthe		year				5118,157	5235,357
Notes tothe Cash Flow	Statement for the			year	ended 31 March 2022
Note 1
Net cash inflow/(Outflow) from			operating		activities
Operating surplus/(deficit)							(1,724,785)	2,478,084
(Increase)/Decrease	in	debtors					1,528,818	(3,455,476)
(Decrease)/Increase	in	creditors					210,148	1,113,516
							514,181	5136,125
Note 2						Opening	Cash	Closing
Analysis ofchange	in	net funds				Balance	Flows	Balance
						6	6	8
Cash at bank and in	hand					1,058,415	118,157	1,176,572
						1,058,415	118,157	1,176,572

Accounting Policies
Company information
Questscope is a company limited by guarantee incorporated in England and Wales. The registered office is
46 Dane Garth, Ovingham, Prudhoe, Northumberland, England, NE42 6AP
Basis ofaccounting 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" ("FRS102")and the requirements ofthe Companies	Act 2006		as applicable							to
companies subject to the small companies regime. The disclosure requirements of section IA ofFRS102have								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 ofthe company		is American						Doffars.
The Company reports in Pounds Sterling.
Monetary amounts in these financial statements are rounded to the nearest 5.
The financial statements have been prepared under the historical cost convention. The principal		accounting				policies				adopted
sre set out below.
income recognition
For the signing ofgrant agreements, Questscope now recognize a full year's income.
Voluntary income is received by way ofdonations 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 ofthe Company is US Dollars.
Foreign exchange transactions are translated into dollars at the exchange rate ruling at the date oftransactions.
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 ofresources. Staffcosts are split on an estimated basis, examining the work ofeach staff member				separately.
Tax status
The Charitable Company is a registered charity within the definition ofsection 506(1)Income and		Corporation					Tax
Act 1988,and is therefore able to take advantage ofthe reliefs given by Section 505 ofthat	act.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and indude cash in hand, deposits held at		call with
banks, other short-term liquid investments with original maturities ofthree 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 ofSection 11'Basic Financial Instruments'	and	Section
12'Other Financial Instruments Issues' ofFRS 102to ag of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party					to
the contractual provisions ofthe 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 offthe recognised amounts and there is an intention	to settle		on		a
net basis orto realise the asset and settle the liability simultaneously.
Basic financial assets
Basicfinancial assets, which include debtors and cash and bank balances, sre initially measured		at
transaction price including transaction costs snd are subsequently cerned at amortised cost	using the
effective interest method unless the arrangement constitutes a financing transaction, where	the transaction
is measured at the present value ofthe future receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.

							Unrestricted	Unrestricted	Unrestricted	Unrestricted
2	Grants &Donations							Total	Funds	Total Funds
									2022	2021
									8	8
	Questscope		USA and private donations					497,934		360,921
	Indirect cost		support							255,843
								F497,934		F616,764
	Questscope		USA is a foundation	based	in the United States ofAmerica which works	with the Charitable	Company
	on various	projects.
								Restricted		Restricted
3	Grants received							Total	Funds	Total Funds
									2022	2021
									F.	8
	Restricted	Income - Other Projects (Note 11)						533,520		1,873,519
								F533,520		51,873,519
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;
	Blackhawk								4,303
	Beyond Conflict								20,930
	Headquarters									25,557
	UNICEF									78,612
	UNFPA									21,388
	USAID									98,588
	Dubai care									3,330
	OFDA									27,411
	Catalyst									957
								825,233		8255,343

												Totals	Total
								UNICEF	USAID	UNFPA	Other	2022	2021
								E	E	E	E	E	E
	Salaries and	staff						342,637	254,466	58,184	325,276	980,563	1,475,585
	In-Kind							15,970	83,141			99,111	100,738
	Direct Project expenses							384,348	166,066	102,364	325,506	978,284	1,827,885
	Other Project	expenses											188,669
	Sub Total							2742,955	E503,673	F160,548	E650,782	E2,057,958	E3,592,877
6	Support Services										2022		2021
											E		E
	Support Services comprised
	Salaries and	staff costs									643,385		454,713
	Support										(5,484)		14,686
	Professional	fees									94,609		48,674
	Vehicle costs										17,189		2,558
	Rent &premises costs										22,580		5,827
	Telecommunications										17,060		6,630
	Maintenance										1,052		4,740
	Public relations										9,325		157
	Stationery										1,777		642
	Bank charges										1,563		1,229
	Miscellaneous										955		921
	Insurance										18,614		18,602
											E822,625		E557,691
?	Net Incoming	resources for the		year
	Stated aRer (crediting) Icharging;										E		E
	Auditor's remuneration		-Governance		costs						5,000		5,000
	Exchange (gain) Iloss on restatement				ofopening	fund balances.					(103,976)		417,506
											2022		2021
8	Staff costs										E
	Salaries and	related costs									1,482,690		1,789,040
	Social security costs										141,258		141,258
											E1,623,948		F1,930,298
	The average	number ofemployees		of	the Charitable		Company	during the year was;
	Project workers												57
	Management	and administration											7
											51		64

														2022	2021
9	Debtom														8
	Pledged receivables				(see below)									579,862	2,154,652
	Prepayments		and	other		debtors								122,906	89,316
														8702,768	82,243,968
	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.
														2022	2021
														6	F.
10	Creditors; Amounts				falling due within one				year
	Trade creditors													1,092,179	1,063,312
	Accrued expenses			and		other	creditors							382,730	201,449
														81,474,909	91,264,761
11	Unrestricted		funds
	Balance at 1 April			2021										(3,359)	(55,701)
	Currency adjustment													(171)	5,651
	Prior year adjustment														(12,382)
	Net movement		in	funds										(324,691)	59,073
	Balance at 31		March		2022									(F328,221)	(F3,359)
12	Restricted	Funds								Currency		Incoming		Resources
										adjustment		resoUi'ces	Indirect	expended
								Balance at		to opening		(Including	cost	(Including	Balance at
								01 April 21		balance		in-kind)	sUpport	in-kind)	31 March 22
									8		6		F
	UNICEF							869,687		44,380		(193,997)		(742,955)	(22,885)
	USAID							556,477		28,396		32,773		(503,673)	113,973
	MADAD							(166,237)		(8,483)		123,704			(51,016}
	UNFPA							136,657		6,973		(17,200)		(160,548)	(34,118)
	Dubai Care							59,582		3,040		(5,857)		(45,053)	11,712
	Germany							(83,968)		(4,285)				(7,444)	(95,697)
	OFDA							191,075		9,750		(200,825)
	Catalyst							135,018		6,890		(4,173)		(41,734)	96,001
	Headquarters							330,308		16,855		(6,474)			340,689
	Al Gurair											380,326		(74,925)	305,401
	Blackhawk											45,697	4,303	(30,912)	19,088
	Beyond Conflict											155,100	20,930	(309,465)	(133,435)
	MEWE											225,060		(15,205)	209,855
	Syria											98,497		(126,044)	(27,547)
								52,028,599		F103,516		8632,631	825,233	(62,057,958)	F732,021

		Assets	Total
13	Analysis offunds.	5
	Restricted funds	732,652	2,028,599
	Unrestricted funds	(328,221)	(3,359)
		5404,431	62,025,240