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||||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||||
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|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|
##
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|||||||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|
##
|1|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|
##
##
##