Company No. 230806 Reglstered Charity Number 100064 Company Number 2308065 (A company limit•d by guarantee QUESTSCOPE DIRECTORS. REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 IIINIMI •ADFJQW7* 0911112024 COMPANIES HOUSE A6
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QUESTSCOPE {A company limlted by guarantee Contsnts Page Directors and Other Infomation Report of the Trustees Slalement of Trustees, Responsibilibes Independent Audltors. Report Appendix lo IndeperKlent Auditors. Report Slalement of Flnancial Activiligs 10 Statement of retained fvnds Balance Sheet 12 Stslement of cash flows 13 Notes lo the Financial Statements 14
QUESTSCOPE (Acompany limlted by guarantee) Dlrectors and Other Infarmatlon Oirectors Dr. C.N. Rhodes - Trustee, Founder and Chief Vision Officèr Dr. M. Al Yafi J.A'. Gappa H. Cordoll A. Reid (Appointed 1 April 20241 RegiS"tered Office 46 Dene Garth Ovingham Prudhoe Northurnberland England NE42 6AP 8usln•ss Address PO'8ox 910729 Jabal Al-weibdi Arrirhan 11191 Jordan comp.any Number 2308065 Charlty Number 1000649. Auditors Crean & Co Accounts Limited Lanesboro Street Roscommon Town Co. Roscommon Ireland F42 DA32 . Bankers National W8Stminst8r Bank PIC 135 8ishop5gale London EC2M 3UR Sollcltors Wellers 7-8 Grays Inn Square London WC1R 5JQ Page 1
QUESTSCOPE (A company limited by 9uarantee) Report of the Truslees for the year èndod 31 March 2024 The Trustees, who are also the Directors for the purposes of company law. present their report and the financial slatemenls of the Company for the year ended 31 March 2024. This report combines the Trustees, annual report for the PUfpo$es of the Charities Act 2006, and the Oirectors, report for the purposes of section 235 of Ihe Companies Act 2006. Legal Status and Prlncipal Actlvlty The Charity is a company limited by guarante8. not having a share capital. The governing document is the memorarKlum and Arkncles of Association of the Charitable Company. The word 'limiled' is omitted from the Charilable CoMpanS name under the provisions of the Companies Act 2006. Queslscope is registered in the United Kingdom as a Company Limited by Guarantee under the Companies Act 2006. Queslscope is also legally registered lo conduct business jft.The.Hashemile Kingdom ol Jordan. Questscope receives grants and conlribulions to manage educallonal and refugee programs in Jordan and Syrla. Constitution and Govemanca The-charilable Company (registrallon number 2308065), whlch is limited by guarantee, is règisteréd as a charity vnder the number 1000649. The Management Committee (who are also the Directors of the Charitable Company for the purp058s of the Companies Act and are th8 Trustees lor the purpos&s of charity law) are èlected at the annual general meetlng. Allght (forrryorly Amerlcan Refuge• Commlttee) Quesiscope is a partner organisation of Alight Ifom)erly the American Refugee Committee). Alight is a charity based in Minneapolis, Minnesola, United Slates of America, and il provides emergency and humaniiarian relief for refugees in many countries. Revlew of Actlvltles Jnd Futur• D•velopments - Flscal Y•ar Prograriim• Summary Innovatlon Youlh Conter In Zaatari Camp The Innovation Youth Center Project in Zaatari Refugee Camp aims to empower the camp's youth by offering a vibrant hub for creativity, personal development. and skill-building. As a cornerstone for youth wellbeing and 9rowth.. the cenler has effectlV8ly fostered community engagement. established trusl, and heightened awareness on issues such as gènder-based violence and sexual and reproductive health rights. Queslscope is continuously worklng to expand our leadership team lo meet the demand of youth beneficlaries who have newly registered in the Youth Center. in addition to adopt creative approaches to support runnlng all lh8 basic activities in light of the limited funding and limited numb8r of paid SYVS. During Ihe period from Sop, 2023 to Feb 2024. tolal number of 1,483 beneficiaries were accessing services targeting youth of which 425 new beneficiaries registered and received More than one activity at the Center (sport. art,). Music Educallon Programm• As per the Mou slgned between Questscope and Playing lor Change Foundation, both parties agreed to jointly developing, promoting, and SLJslaining a music and cultural program for youth al the Zaalari Refugee Camp in Jor(Jan. Understanding w8 are launching the program on a small scale: th8 goal of both organizalions 15 to have this partnership and commilment grow exponentially over the terms of thi5 agreernent and long inlo Ih8.fulure. Through leading music education for beginners and level hvo (teaching stringed instrumenls. keyboard and drums). our program offers a unique experience that opens creative horizons and paves the way for discovering emerging talents. Que$lscope start the musi¢ education program targeting 120 Syrian youth from 14-20 to enfol in the program. Page 2
QUESTSCOPE {A company limlted by guarantee) Report of the Trustees for the year énded 31 March 2024 (Continued) Photography School ' LENS on LIFE LENS on LIFE is educating Ihe youth on photography skills, as one oflhe ineihods to zoom on thgir life journey and become more mindful about emotions, conditions, positions Ihal Ihey have been through, then reflect their thoughts within the group by h'elping each other to analyze and use the right terms. During 2023, Qf is I8J811ng 16 males arKI 24 female youth to complete the beginners and intermediate photography courses. Furthermore, partnership with Canon continued for 2023 to support the photography school with. cameras, and Canon provided training in October 2023. for 22 beneficiaries (11. È & 11 M) under 18 yeprs on professional photography and how lo produce Ihemalic photos. Reimaginin9 Juvenlle Educatlon: Integrating Greon Economy & Gend•r Equality In the Rehabilitation Program Queslècopé'inanages "Reiinagining Juvenile Education: Integrating Gen Economy & Gender Equality in the Rehabilitation Program, in Two Centers in Jordan" lo achieve the following: In the Pursuit of advancing 8gricultural practices and knowledge, two 8dèPI agricullural engineer trainers were appointed. lo lead a comprehensive hydroponics tralning program. This inlllalive encompassed th8 delivery of ¢ustomized face-lo-face sessions, with the training course designed to meet the uniqu8 needs of both female rTiale participants iiiiiliih-ihe car8 and rehabilitation centers. Non.Formal Educatlonal Queslscopè and in partnershlp with th8 Ministry of Éducalion IMOE). has begun implementing a proj8Ct lo support the transilional plan for the Non.FormBI Education Program within the non-formal education program5 at the Ministry of Education. The projecl aims to inslitutionalize these programs as a basic service for Ihe Ministry of Education for students who have dropped out of the formal education system. Social Emotional Learning QueslsGope has been a(Ivo¢aiing to inlegrale social emotional learning in the formal education during the past 10 years and seizèd the oppoifunity of this fund to push forward to deeply ahalyz.é RLC methods and leaming outcomes, lo sliovi c8se the resulls on the adolescent's personality develop.ment during their pteserice in thé NFE clasarooms. Local Economlc Development: The intervention desi9n for this project compliments Ihe Nonfomi81 education interventions that Questscope 1$ carying out along with the Ministry of Education. 350 NFE female youth under graduates will be mobilized to be registered and enrolled in the vocational program$ that are morè private sector needs driven. Moreover, the vocational trainers will be Capacilaled to condu¢1 career couns8lling and group mentoring lo trainées, while 30 small grants will be distributed lo girls who prove entrepreneurship and apply business models. Empowering Women and Transforming Communitses Through -the Produ¢live Kilchen" The history of our partnership with 'Tanagoum al Kheirf Gommunity-based organization is a leslament lo ihe transform81ive power of collaboration and innovation in Ihe face of adversity. It be9an with an initiatiV8, where we gave food and m8dical vouchers lo support refugees in their mo$1 vulnerabl6 momen1$. Over lime, our partnership evolved and expanded, recognizing the importance of sustainability in changing lives. This journey led us to establish a productive kitchen, a symbol of hope and empowerment in 2022. Through this kitchen, 20+ women hamessed their culinary talents. not only cookin9 delicious meals but also se¢uring a sustainable incomè. Page 3
QUESTSCOPE (A company limited by guarantee) Report of the Trustees for the year ended 31 March 2024 Contlnued Tru$teeslDlre¢tors The Twsleesloirectors who served throughout the year (excepl as noted) were as set out below: Dr. C.N. Rhodes - Trustee, Founder and Chief Vision Officer Dr. M. Al Yafi J.A. Gappa H. Cordell A. Reid (Appoinled 1 April 2024) The Company is limited by guarantee and does not have a share capital, therefore no director held shares al aHy lime 4luring the year. Future developmonts The charitable company plans to conllnue ils psent activrties and activity levels. Employees are kept as fully informed as practicable about developments within the charity. Reserves Pollcy The Trustees have reviewed the reserves of the Charitable Company, taking into account the location of the work, the at-risk tsr9et group, inlemlillenl and often large project income funding and the wide range of projects. On this basis, the Trustees conclude Ihat th8 level of unreslricled reserves should ideally be beiween 9 and 12 months operalirig expendilure. At present, the lovel of r8seNes is less than rnonlhs operating exp8ndilur8. Rlsk Revlew The Trustees conlSnuously review the major risks whlch th8 Charitable Company faces and are implementlng such systems as are possible lo minimise Ih05e nsks. This reviewing process will continue throughout the forthcoming year. This year the board was especially mindful of the unique challenges cau6ed by the dlsrupiion to the global economic situat'ion due to COVIO-19. whlch Includes the INGO fund-r8ising,8nvironmenl, and has discussed it extensivèly. Investment pollcy The Trustees consider, on the basis of present cash balances and the need for èasy access to them. that the current policy of investing short tèrm surplus cash in interest bearing bank deposits is appropriale. Audltors Crean &. Co Accountants Limited were appointed as audllors during the year. A resolution re-appointing Crean & Co is to be proposed al Ihe next Annual General meeling. Statement of dlsclosure to the Audltors So lar as the trust885 are aware, there is no relevant accounting infomallon ol whlch our companys auditorF are unaware. Also, the trustees have taken all the necessary steps that they ought lo have taken as trustees in order to make themselves awarè of all relevant accounting information and to establish that the companls auditor5 are awaie of that informatson. Posl Balanco Sheet Events TD.ere have been no events since the balance sheet date that might necessitate a reslatemenl of Ihe financlal slal8ments. Basls of Prepara"tlon This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Polltlcal Contrfbutions The charlty did not make any disclosable polillcal donations during the year. Page 4
Accounting records To ensure that adequate accounting records are kept in accordance with the Companies Act 2006, th_e Charity has employed suitably qualifies accounting personnel and have maintained appropriate acGounting records. The accounting records are maintained al the companys offices al Jabal-al-weibdi in Amman, Jordan. y ordèr of th• Board Dr. C.N. Rhodes - Trustee, Foun r and Chlef VSslon Officer . Date.. Page 5
QUESTSCOPE {A company limited by guarantee) Stalemènl of Trustees, Responslbilities Statement of Trustees, responsibillti•s Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the Company and of the net incoming or outgoing resources of Ihe Company for that period. In preparing those financial statements. the Truslees are required lo., Select suitable accountlng policies and then apply them conslstently Make judgements and estsmales that are reasonable and prudent Prepare the financial statements on the goin9 concem basis unless il is inappropriate to presume that the Company will continue in business. The Trustees are responslble for k8eping proper accounting records which dlsclose with reasonable accuracy at any lime the financial position of the Company and to enable them to ensure that the financial 51alements cornply with the Companies Act 2006. They are also ' '"responsible for safeguarding the assets of the Company and hence for'taking reasonable steps for Ihe prevention and detection of fraud and olher IrguIarl1ies. Dr. C.N. Rhodes- Trustèe, Found and Chief Vision Officer Oate. Page 6
Independent Auditorfs R•p.ort to the Trustèes l Directors of QUESTSCOPE (A company. limited by guarantee) '¥V8 have audited llie tinancial slalements of Questscop.e (the Company) for the year ended 31 March 2024, which comprise the Stsleinenl of Financial Activities. Balance Sheet, Cash Flow FtatemÈnl and related notes on pages 14 - 18. Th'è financial reporting framework that has been applled in their preparation Is U.K. Laiv 4nd FR'S 102. The Financial Reporting Slaridard applicable in Ihe U,K and Republic of Ir81and. In our ot)inion the tinancial staleiiients.. give a true and fair view o! the assets, liabilities and financial 31 March 2024 arld of ils result for th8 year then ended: have been properly prepared in accordance wilh FRS 102, The Finanrial Reporting Standard applicable in the UK and Republic of Ireland. have been propedy prepared in accordance with the requirements of the Companies Ac"t 2006. osition of the Company as at 8asls lor Opinlon We conducled'our audit in aecordance with International Standards on Auditing (England & Wales) (ISAS (England and Wales)) and applicable law. Our responsibilities under those standards are described in the Aijdilofs Responsibilities'for th8 Audit of lh8 Financial Slalemenls section of our report. We are independent of the Company in accordance with ethlcal requirements Ihat are relevant to our audit of Financlal Statements In England and Wal85, includln9 th8 Ethical Slandard for Auditors (England and Wales) issued by thè Audiling and Accounting Supervisory Aulhorlty {IAASA}, and wo have fulfilled our o.ther ethical resi)onsibililies in accordance wilh these requirements. Ve. believe ihal the audil'eviderlce we havè obtained is sufficianl and appropriale lo provide a basis for our opinion. Conelusltins relatlng to golng conc6rn We have riothiny to report in respect of the following matters iri relatiiin lo which ISAS (England & Wales) require us to repoil to you where: 'the trustee's use. of thè going concerri basis ol accounting In the preparation ol the financial slalements s nol approprlale.. or th8 Irusle8s have not disclosed in the financial statements any identified malarial uncertainties that May cast Slgnificant doubt about the Company's abil'ity'lo conlinue lo adopt thè 9olng concerri basis o! accounl'ing lor a period of at least te1ve Months from the date when the financial stslements arè . aulhorised for issue. Oplnlon ori other rriatlers pr•¥crlbéd by the Cofflpanles Act 2006 In Our opinion, the'inlormation'given in'thé Trustees, Report for the fihahcial year for whieli llié. rinancial'staleh)èrits are p'repared Is consislenl with th8 firfancial statements. Other Informatlon The trustees are responsible for the other informallon. The other information comprises the information included in the annual report other than the financial slalemenls and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otheiwise explicilly slated in our report, we do not express any form of assurance condusion thereon. In connection with our audil of the financial stalemenls, our responsibility is to read the olher information and in doing 50. Consider whelher the other infomation is materially inconsistent with the financial ststemenls or our knowledge obtained in the audil, or otherwise appears lo be malerially misslaled. If we identify sueh material inconsislenci8s or apparent material misslatemenls, we are required lo detemiine whether there is a material misstatement in the financial slal8menls or a material mi5slalement of the olher information. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other information, we are required to port thal facl. We have nothing to r8POrt In this regard. Page 7
Independent Audltorfs Report to the Trustees l Directors of QUESTSCOPE {A company Ilmlted by guarantee) Continued Opinions on othèr matters prescrlbed by the Companies Act 2006 Based solely on the work undertaken in the course of the audil, we report that- in our opinion, Ihe information given in Ihe Iruslees, 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 infornylion and explanations we nsider necessary for the purposes of our audit. Matters on which we are requlred to report by exceptlon Based on Ihe knowledge and understanding of Ihe Company and its environment obtained in the course of the eudil, we have not identified any material mi5s1alemenls in the Iruslees. report, Tl)e companies Act 2006 requires us to report to YLIU if, in our opinion. the disclosures of trustees, rpnwn.oralion and transactions required by the Acl are not made. We have nothing to report in this regard. 'Re'spéctlv• r•spon8lbllltl•s Responslbllltles of tru8tees for th• flnanclal slatement8 As explained more fully in the trustees. responsibilities slalement set out on page 3, the trustees are respon51ble for the preparation of the financial ststemenls and for being sa115fied that they give a true and fair viéw, and for such inlemal control as they delermine is necessary to enable the preparation of rinancial statements that art fr8e from material misstslement. whether dug lo frauiJ or error. In preparing the financial slalemenls, the trustees are responsible for assessing the Company's ability ti) continue as a going concern. disclosing, as applicable, matters related to going con¢ern and using the going concern basis of accountin9 unless managemenl either inlends to liquidate the Company or lo cea58 operations. or has no realistic alternative but lo do so. Audltorf8 re8ponslbllllles for the audlt of the flnanclal statements Our objecliv8s are to obtain reasonable assurance about whether the financial ststemenls as a vlhole are frèe from material misstatement. whether due lo fraud or error, and lo issue an audilo¢s report. thal includès our opinion. Reasonable assurance is a high level of assurance, bLtI is nol a guarantee that an audit conducted in accordance with ISAS (England 8 Wales) will always detect 8 mat8ri81 fflisslalemenl when it exists. Misstalemenls can arise from fraud or error and are considered material If. individually or in Ihe aggregate. they could reasonably be expectèd lo Snfluence the economic decisions of users taken on the basis of these financial slalements. The purpose of our audlt work and to whom w• owe our responslbllll5•8 Our port is made solely lo the Company's members, as a body. in accordance with the Companies Acl 2006. Our audit work has been undertaken so that we might slate to the Cornpany's members liioié matters we are required lo slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do nol accepl or assume responsibility to anyone olher than the Company and thè Company's members, as a body, for our audit work, for this feport, or for the opinions we have formed. OJ David Crean ' Dale 31 For arid on behatf of Crean & Co Accountants Limited ststulory Audit Firm Lanesboro Street koscommon Town Co. Roscommon Ireland F42 DA32 Page 8
Independenl Audltorfs Report to the Trusteès l Dir•¢tors of: QUESTSCOPE APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT Further inforn)atlon regarding the sco e ol our responsibSlltles as audltor As part of an auii'it in accordance with ISAS (England and Wales), we exercise professional judgement and maintain P)fesSional sceptlcism Ihroughout the audit. We also- Identify and assess'th'e risks ol malerlal rnisslalema'nt of 'lli8 financial stalemenls, whether due to fraud or error, design and rfOrffl audit procedures résponsive to those risks. and obtsin audit evidence th81.is sufficient and appropriate lo provide a basis for our o'pinion. The risk of nol detècting a material misstatement resulbng. from !rau"d is highe'r than frorn one resulting froth error. as fraud May iriiiolve collusion. forg'ery., ihléntional'o"missions, Iilisfepresentatioris, or the override of internal control. Obtsin an understanding of internal control relevant lo the audit in order to design audit procedures that are appropriate in the circumst"ances, but nol'for the purpose of expressing an opinion on the effectiveness of the companrfs lrilarhal ¢onlrOI. Evaluate thè appropriateness of accounting policies used and the reasonableness of accounting estimates and relatèd disclosures made by the dlrectors. -' tonclude on the ai?prbpriateness of the dlreclors, use of the going concern basis of accounllng and, based on the audit evidence obtained. whether a material uncertainty exists related lo events or conditions that may cast significant doubl on the company's ability lo continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our Audilorfs Report lo the related dlsclosures in the financial statements or, if suoh disclosures are inadequate, lo modify our opinion. Our conclu6ions are based on the audit evldence obtained up to the date of our Audilorfs Report. However, future events or conditions may cause the company to cease lo conlinue as a going concern. Evaluate the overall presentation, structure and content of the financial slalemenls, including the disclosu s, and whelher the financlal 51alemenls represent the underfying transactions and events in a mann8r that achieves falr presentation. We cornmunlcate wllh those charged with govemance regardlng, among other matters, the planned scope and timing of the audit and Signifant audit findings, including any significant deficiencies In internal control that we identsfyduring our audit. Page 9
QUESTSCOPE (A company limited by guarantee) Statement of Flnancial Activitles for Ihe year ended 31 March 2024 Restrfcted Funds Unrestri¢t•d Funds Total Fund8 2024 Total Funds 2023 Income and •xp•ndlture Notes Incomlng resources Grants & Donations Indirect cost.support Grants received In-kind Income 695,610 227,709 695,610 227.709 1,286,204 408,730 165.452 1,920.042 1,286,204 Ttital Incomlng resour¢•s 1.286,204 923,319 2,209,523 2,494,224 Resour.c?s expended Charitsblè 6xpenditur• Non Form81 I Informal Educatlon In-kind expendllure Support servicès induding governance wst5 Tots! rosources expend•d 1,962,892 1,962,692 1.255.909 - 411,164 411,164. 737.552 1,962,692 411.164 2.373.856 1.993.461 Not (outgolngllln¢omlng resource8 transfeff•d (Irom)Ito lund• for tho year {676,4881 512,155 {164.333) fj00.763 B•lance of funds at 1 Aprll 2023 {as provlously stated) 1,440,374 (512,3211 928,053 448,147 Prior year adjustment 149,1611 398,986 1,440,374 (512.3211 928,053 Currency adjustmeril lo opening fund balances (28,579) 10,165 (18,414> 28.'304 B)lan of funds at 31 March 2024 £735,307 £9,999 £745,306 £928.053 Th8 nel Incomlng resources. 85 51aled above, recognlse all galns and losses for the year as defined by Flnancial Reporting Standard 102. All income arose in relation lo continuing activities. though individual projects may have cornmenced or ended during the financial year. No separate statement of lotal recognised gains and losses is required. Page 10
QUESTSCOPF .,. . (A company limited. by guaranteej Statèment o! Retalnpd Funds for the year ended 31 March 2024 Restricted 2024 unstrICted 2024 Total Funds 2024 Totsl Funds 2023 Result lor the year (676.4881 512,155 1164,333) 500,763 Retained eamings at the beginning of the year as originally stated 1.440,374 1512,321) 928,053 448.147 Prior year adjustment (49.1611 Currency adjuslmenl lo opening fund balances (28,579) 10,165 (18,4141 28,304 Retalned •arnlngs at the end of the y¢ar 1962692 £735.307 £9,999 £745,306 £928,053 Page11
QUESTSCOPE (A company limited by guaranlee) Balance Sheet at 31 March 2024 2024 2023 Notes Current assots Debtors Bank balances 10 854,046 921,437 1,775,483 1,030,177 1,648.641 713,623 2.362.264 1,434,211 Less: credltors due wllhin one year 11 Nel Current ass•ts Net assèts 745,306 £745,306 928,053 £928.053 Rei>rèsen(ted by. General funds Restricted funds 9,999 735,307 £745,306 (512,321) 1.,440,374 £928,053 13 8,4Jls of,Preparatlon This report has been Pfepared in accordance with the speclal provisions relating lo small companies subject to the smal'l companies regim8. Approved by the Board and authoris•d for Issuo; Dr. C.N. Rhodes - Trustee Founder and Chief Vision Officer J.A. Gappa - Trustee ale IG, Sq 292+ .Company R•glstratlon Number 2308065 Page 12
QUESTSC,OPE (A company limited by guarantee) Cash Flow Statement for tho yoar ended 31 March 2024 2024 2023 Nel ¢ash Inflovil(outilow) from oporaiin9 actlvltles (nots 1 below) 226.228 (534,9691 Effecl. of re-ststement of opening net current assets due to currency fluctuations Effect" or Prior year adjuslmenl (18,4141 149,161) Nèt Cash Inflowl(oufflow) £158,653. ..1£506,665 Increasel{Oecrèase} in cash for the year £207,814 £506.66S Notes to th• Cash Flow Stalemont for Ihe year end•d 31 March 2024 Not• 1 Net cash Inflowl{Outftowl from operatlng actlvltles Opeialing surpluslldeficit) IlncreasellDecrease in debtors (Decreaseylncreas& in creditors (164,333) 794,595 404,034 £226,228 500.763 {995.0341 40,698 £534,969 Note 2 Analy811 of change In net fund• Op8nlng Balance Cash Flows Closing Balance Cash al bank and in hand 713,623 713.623 207,814 207,814 921.437 921.437 Page 13
QUESTSCOPE {A company limited by guarantee Notes to the Flnancial Statements for the year ended 31 Mar¢h 2024 1 A¢¢ounting Policies Company Information Queslscope is a cofflpany limited by guarantee incorporated in England and Wales. The wistered office is 46 Dene Garlh, Ovingham. Prudhoe, Northumberland, England, NE42 6AP Basls of accounting and accounllng policles These financial ststemenls 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 lo companles subject lo the small companies regime. The disclosure requirements of FRS102 have been applied othèr 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. Mnetary amounts in these financial statements are rounded to the nearest £. ,The financial statéments havè been prepafRd under the hislorical cost convention. The principal accounting policies adopted are set out below. Income recognitlon For thè signing of grant agreernenls, Queslscope now recognlze Income over the perlod of the prolect to whlch the grant relates. This represents a change of accounting policy as grants were previously recognised as income upon raceipl. Voluntary income is received by way of donations and gift5 and Is Included in full in the Statement of Financial Activities when received. Investment income is included when received. Dopreciation Fixed assets are generally char9ed to prpjects. All fixéd assets not so charged have been written down to nil. Forèlgn currencl•s The company ffjports in Pounds Sterfing. The functional currency of the Company is US Dollars. Foreign exchange transactions are translated into dollars al the exchange rale ruling at the dale of Iransaclions. Assets and liabilities in foreign currencies are translated into sterling al the rate of exchange prevailing al the balarjce sh8el dale. Any exchange differences are dealt wilh in the Stslemenl of Financial Aclivilies. Resour¢e$ expended Resources expende(l are allocated lo the particular activity where the costs relate diffjclly to that aclivlty Wh8r8 costs cannot be directly attributed lo particular headings, they have been allocaled on a basis consislenl wilh the usé of resources. Staff costs ar8 split on an eslimaled basis, examining the work of each staff member s8parately. Tax status The Charitable Company is a registered charity within the definition of section 506(1) Income and Corporation Tax Acl 1988, and is Iherèlore ablé to lake advanlagè ol the reliefs given by Section 505 of that act. C•8h and cash equival•nts ash and cash equivalents ar8 basic financial assets and include cash in hand, deposlls held al call with banks. olher short-term Ilquld Investments with orlginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments The company has eleded to apply the provisions of SeGtion 11 'Basi¢ Financial Instruments, and Sedion 12 '01her Financial Inslfum8nls Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when ttie company becomes paty to the contractual provisions of the instrument. Financial assets and liabllities are off5el, with th8 n8t amounts pres8nted in the financial stalemenls, when there is a legally enforceable right to set off the recognised amounts and there is 8n intention lo selue on a Det basis or t(> realise the asset and settle th8 liability simullaneously. Ba5ic.financlal 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 effectsve inlerest mèthod unless the arrangement constitvl8s a linancing transaclion, where Ihe transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Page 14
QUESTSCOPE IA Company Ilmited by guarantee) Not•s.lo thft.Financjal Statements for te year ended 31 March 2024 (Conlinued Bpsls of" accountlng and accounting pollcies (Conlinuedl Classlflcatlon of flnanclal liabllities Financial liabilities and equity instruments are classified according lo the substance of the contractual arrangements entered into. An equity instrumenl is any contr8cI that evidences a r&sidual interest in the ass'ets of Ih"é cornpany after deductin9 all of its liabilities. Trade creditors are obligations to pay for goods or seryices that have been acquired in the ordinary cours8 of busin8ss from suppliers. Amounts payable are classified as current liabililies if payment is due within one year or'less. If nol, ttiey are presented as non-current liabilities. Trade créditors are recognised initially at transaction price and subsequenlly measured al amortised Gosl using the effective Interest melhod. Fund accounting Funds h81d by the Charitable Company are,. Unres'trlcted general lund8 -'thèse arè lunds which can be used iri accordance with the charitable objects al the discrelion of the Trustees. Restrlcted fund8 - these are funds which can only be used for specific purposes within the objects ol the Charitable Corfipany Restrictions arise when 6pe¢ified by the donor or when funds are raised for particular reslrictpd purposes. Unr•strlcled Total Funds 2024. Unrestrlclèd Tot•1 Funds.. 2 Gran1* & Donatlon$ Quèslscope USA ' Indlreci cost rec()very fr(Iiii grants Privalè donation$' 238,095 227,7D9 457.515 £923,319 364,372 165,452 44.358 £S74,182 Queslscope UÈA Is a foundation based in the Unlted Stales ol America which works with the Charitable Company ori various projects. Restrlct•KI Tolal Funds 2024 Rostried Total Funds 3 Grants recelved R8slrlc!ed Income - Other Prolects (Note 111 1,286,204 £1,286,204 1,920.042 £1.920,,ts42 4 Indlrèct Cost support IndireGI cost support comprises monies received from various support organisatlons given lo ald Queslscope wlth central admlnistration.-. and olher costs as follows: AAI l Minislry of Education Syrian Earthquake Gaza Plan Intemational Beyond conflict UNFPA USAID UNICEF Al Gurair Zaalari Other 143,280 34,054 9.270 8.348 6.945 5,347 19.758 25.789 18.447 13.600 11,905 1,433 39.197 13,922 21,401 £165,452 20,465 £227,709 Page 15
QUESTSCOPE (A company liffltted by guarantee) Notes to the Flnanclal Statéments for the year ended 31 March 2024 Continued S Total R•8trleted Resources expandèd Syrla AAIIMinistry of Educallon Earthquake Totals 2024 Total 2023 UNFPA othor Salaries and staff Direct Project expenses 458,900 665,748 69,277 153.094 18,835 78.870 294,412 223,556 841,424 1,121,268 495,084 760,825 £1,124,648 £222,371 £97,705 £517,968 £1,962,692 £1,255.909 .,Support Sarvicès 2024. 2023 Support S•rvlc•s cofflprlsed Salaries and staff costs Professional fees Vehicle costs Rent & premises costs T.ravel, Telecommunications Public relations Slalionery Bank charges Currency (GainllLoss Miscellaneous 289,382 48.586 471 3,031 26,737 8,502 499,655 8,334 34007 .8.096 494 2,869 1,'453 1733 (6711 54,791 13.772 £737,552 1,958 1,886 (1,691) Insurance Training & Conferences 17,230 15,072 £411,164 7 Prior year adjustment Prior year r8serves were adjusted to account for the cary fofward of income due which had been dupli¢aled in a prior year . an adjustment was made to remove the duplication. 8 N•t In¢omSng r•$our¢o8 for the y•ar Slated after {credillng) I charglng., Auditor's remuneralion - Governance costs Exchan9e (gain) I loss on reslalem8nl of opening fund balances. 7,500 18.414 5.000 128,304 9 Slaff costs Salaries and related costs Social securlty costs 1.024,389 106,417 £1,130,806 994,739 81.559 £1,076.298 T.he average number o.f employees of the Charitable Company during the year was. Project workers Management aDd administration 26. 24 33 31 No employée received emoluments at a rate in excess of £50,000 per annum. No emoluments or expenses werè pald to any Trustee or any persons Gonnedèd with them during the year (2023- nil). Dr. C.N. Rhodes and J.V. Vancleave are remunerated by Qvestscope USA. Page 16
QUESTSCOPE (A ¢oJnpany Ilmited by guarantee) Notes to the Financial Stalements for the year ended 31 March 2024 Continued 2024 10 Debtors Plédged réceivables {see below) Prepayments and other debto 218.404 63S.642 £854.046 1,322,77,6 325,865 . £1,648,641 Pledged receivables repfesent monies to be granted to Questscope in the coming financial year. The monies are in thè forrn of restricted funds and are pledged on the understanding that Questscope will be spending the funds on the appropriate projects wilhin the following e1ve months. 2024 2023 11 Credltors; knounts fallln9 due wlthln one year Trade creditors Accrued expenses and other credilofs 161,905 868,272 £1,030,177 865.3è5 568.846 £1,434,211 12 Unrp8trlcled fund8 Palanca at 1 April 2023 Cuffency adjustment Net movement in funds Balance at 31 March 2024 (512,3211 10,165 {512,321 (328.2211 {20.7301 163.37 13 R•strlcted Funds Currency adjustrnenl lo openirtg balance Incomingl (Oul90ing) resources Balance at 01 Apnl 23 Resources expènded Balan at 31 March 24 AAI l Ministry of Educallon MEPI UNFPA Dubai Care Calalysl Plan Intemalional Beyond Conflict Syrian Society for Social Development Syria Syria earthquake Headquarters Play for change Gemany Aqaba Gaza 1,217,293 (24,153) (68,492) 43,888 75,583 (1,124.6481 (43,8881 .197.705) 22,570 -{448) 54,884 1,089 32.6591 (65,528) 54,519) 21,136 65,528 55,623 1,104) 567,460 567,460 {155,759} 189,118 17,092 (120,8071 185,405 40,914 2,397 3,679) 18121 137.349) {222,371) 1242,7231 125.011} {2,1 ?7) {4,121) 110,043} 229,763 219,713 25,011 {15,5081 308 117,327) 35.562 78,024 39,683 88,067 £1,440,374 £28,580 £1,286.204 (£1,962,692) £735,306 Page 17
QUESTSCOPE (A company limited by guarantee) Notes to the Flnanclal Statements for the year ended 31 March 2024 Continued 2024 2023 14 Analysis of funds. Restricted funds. Unrestricted funds 735.307 9,999 £745.306 1,489,535 {512.321) £977.214 15 Capltal commllment8 •nd conllngent Ilabllltleo There were no material capltal commitments or contingent liabilities al 31 March 2024 {2023 nil) 16 Uitimale controlllng party There is no ultimate controlling Rarty.but the chantable company. is under the conlrol of the directors I trustees. .17 Trarioactlons wllh r•lated partle* During the y88r, Queslscope received donations from QUestsPa USA, an Amerlcan regi51ered charlty of whlch Dr. C.N. Rhodes is a director. Dr. C.N. Rhodes and J.V. Van Cleave {Treasury-finance and Regulatory Diffjclor>.are remuneraled by Questscope USA. Al the year end, the following balancas were owed to Queslscope by conn8cled parties: 2024 2023 Queslscope UK 219,887 £219,887 £0 Al the year end, the following balances were owed by Questscope to connected parties: 2024 2023 Questscope UK 9uestscope USA 17,951 161,905 £161.905 £17,951 18 R•porting perlod The accounts are fof the twelve months to 31 March 2024. The MparatiVeS ar8 for the twelve months lo to 31 March 2023. Page 18