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← A M Qattan Foundation

2024-12-31-accounts

Company Registered Number (England and Wales):02171893 Charity Registered Number:1029450

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Foundation, its Trustees and Advisers 1
Trustees' Report and Strategic Report 2 - 18
Statement of Trustees' Responsibilities 19
Independent Auditors' Report on the Financial Statements 20 - 23
Statement of Financial Activities 24
Balance Sheet 25
Statement of Cash Flows 26
Notes to the Financial Statements 27 - 52

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE FOUNDATION, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees Omar Abdul Muhsen Al-Qattan, Chair (resigned as Chair 31 March 2024)
Professor Najwa Al-Qattan, Chair (as of 1 April 2024)
Dr Walid Gharaibeh (appointed 25 March 2025)
Dr Suhad Bishara (appointed 26 March 2025)
Dr Raef Zreik (resigned 5 December 2024)
Professor Khaled Fahmy
Dr Mezna Qato, Secretary
Dr Hani Nigim
Dr Munir Kamel Fakher Eldin
Dr Rabab Mohamad Tamis
Mr Yacoub Jamal Yousef, Treasurer
Ms Leenah Al-Qattan (appointed 1 April 2024)
Company registered
number
02171893
Charity registered
number
1029450
Registered office
Tower House
226 Cromwell Road
London
SW5 0SW
Director General
Fida Touma - Ramallah
Independent auditors
MHA
Chartered Accountants and Statutory Auditor
6th Floor
2 London Wall Place
London, United Kingdom
EC2Y 5AU
Bankers
EuropeArab Bank
73 Brook Street
Mayfair
London
W1K 4HX
Barclays Bank
Level 12
1 Churchill Place
London
E14 5HP
Solicitors
Thomas Eggar
75/76 Shoe Lane
London
EC31 3JB

Page 1

A.M. QATTAN FOUNDATION

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the audited financial statements for the year ended 31 December 2024. The Trustees confirm that the Annual Report and Financial Statements of the Charity comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102).

FOREWORD

In 2024, the A.M. Qattan Foundation (AMQF) operated under extraordinary circumstances, navigating sustained pressures across all areas of its work. Despite these challenges, we remained committed to our mission, continuing to support cultural and educational life with flexibility, care, and determination.

This report outlines the activities, outcomes, and governance developments of the AMQF during the year ending 31 December 2024. It also marks the conclusion of the Charity’s 2020–2024 strategic cycle and the beginning of a transition towards a renewed strategic vision for the period ahead.

Over the course of the year, the Charity maintained its core programming and operations across multiple geographies, despite the compounding effects of instability, access restrictions, and increased humanitarian need. The response included emergency adaptations to educational and cultural programmes, increased emphasis on community-based support, and continued investment in long-term institutional development.

Across its programmes, the Charity sustained and, in several cases, expanded its reach. The Culture and Education Programme responded to urgent needs in Palestine—particularly in Gaza—while continuing to support teachers, children, and cultural practitioners. The Charity’s presence in Ramallah and in other locations in Palestine facilitated both continuity and adaptation. The Mosaic Rooms in London presented a robust programme of exhibitions and events, while preparing to become an independent institution from AMQF.

In parallel, we undertook a range of internal development efforts. These included the implementation of updated procurement and administrative policies, enhancements to our digital infrastructure and cybersecurity, and continued work on emergency planning and risk management. At the same time, the Charity continued to prioritise staff wellbeing and cross-team coordination, recognising the cumulative impact of working under prolonged crisis conditions.

We have also started work on the Charity’s strategic plan for 2026–2030. This process is grounded in learning from the past five years and shaped by input from staff, partners, and working groups. The plan aims to build resilience, reinforce our values, and strengthen our institutional capacity across all areas of work. However, it will undoubtedly be affected by the ongoing war on Gaza and the profound insecurity in the Occupied West Bank.

As part of the Foundation’s strategic planning for long-term impact and sustainability, the Trustees approved the spin-out of The Mosaic Rooms (TMR) into an independent UK charity, to be known as The Mosaic Rooms (previously Orange Tree Trust). Following fifteen years of successful operation as a project of the AMQF, TMR is expected to formally transfer to its new legal and operational structure around 1 July 2025. The new charity has an independent and dedicated board of trustees with expertise relevant to TMR’s artistic and cultural mission. The transition is designed to enhance TMR’s operational independence, its governance, and its ability to expand its work within broader charitable purposes. The Foundation will remain as a member of the new charity. The transfer includes all relevant assets and liabilities, and the new entity has completed the onboarding of its full board of Trustees.

Page 2

(A company limited by guarantee)

A.M. QATTAN FOUNDATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

In 2024, the composition of the Board of Trustees underwent several changes following decisions made at the Board’s December 2023 meeting. Leenah Al-Qattan was approved as a new Trustee in December 2023 and formally joined the Board in April 2024. At the same meeting, Omar Al-Qattan informed the Board of his intention to step down as Chair, effective 1 April 2024, while continuing to serve as a Trustee. The Board expressed its deep appreciation for his exemplary leadership and service. Professor Najwa Al-Qattan was elected as the new Chair of the Board, effective from the same date. At the December 2024 meeting, the Board acknowledged the completion of Raef Zreik’s term as Trustee, following a review by the Nominations Committee. The Board extended its sincere thanks to Dr Zreik for his valuable contributions and dedicated service during his tenure. At the same meeting, Suhad Bishara and Walid Gharaibeh were approved as new Trustees. Both formally joined the Board in March 2025.

We extend our sincere thanks to all staff, partners, collaborators, and supporters for their continued commitment during an extremely demanding year. The work outlined in this report would not have been possible without their collective effort and shared sense of purpose.

As we report on this past year, we do so with sorrow but also with deep conviction. The A. M. Qattan Foundation remains committed to advancing a free, just, and pluralistic society where culture and education remain safe and free sites of hope and imagination, even in the bleakest of times.

STRATEGIC REPORT

OBJECTIVES AND ACTIVITIES

Objectives

The Charity works in the fields of culture and education in Palestine, and within the Arab region and the UK. Its mission is to support individuals and institutions in the fields of culture and education, with a particular focus on children, teachers, and young artists. The Charity aims to foster a free, dynamic, and pluralistic society that is rooted in democratic and humanistic values and driven by creativity and critical thinking.

In 2024, in line with its charitable objectives, AMQF continued to design and deliver cultural and educational programmes that respond directly to the lived realities of Palestinians. This year posed extraordinary challenges due to the ongoing war on Gaza, unprecedented levels of displacement, destruction of infrastructure, and widespread psychological and economic trauma. In this context, the Charity’s work took on acute relevance, as culture and education became essential tools of survival, resilience, and social cohesion.

AMQF’s programmes included emergency cultural and educational activities, support to artists, educators, and institutions, and sustained work with teachers, children, and cultural practitioners in Gaza and the West Bank. These activities served to protect the cultural and educational life of communities under siege, to provide vital psychosocial support, and to reinforce networks of mutual care and knowledge-sharing at the local and international levels.

Activities - Overview

The activities of the Charity continued to focus on 1) arts and culture through financial support, training, commissioning of works, partnerships, and public events; 2) education through teacher empowerment and training; and 3) community and school engagement and working with children at varying levels through a variety of non-curricular educational and cultural activities.

These activities fall under three programmes: Culture & Education; the Public Programme; and The Mosaic Rooms.

Other activities that underpin the Charity’s internal (and indirectly external) environment and sustainability are its support functions i.e. Administration; Finance; Communications & Development.

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A.M. QATTAN FOUNDATION

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

AMQF continued to operate from two of its three cultural hubs: The Mosaic Rooms gallery and bookshop in London and the Qattan Cultural Centre in Ramallah, while the Qattan Cultural Centre in Gaza (formerly known as the Qattan Child Centre) remained closed throughout 2024 due to the Israeli war on Gaza.

Detailed Activities, Achievements, and Performance

1 CULTURE AND EDUCATION PROGRAMME (CEP):

Despite the deep shock that struck the cultural and educational sectors caused by the ongoing Israeli war on Gaza, and the unprecedented humanitarian devastation it brought, the Culture and Education Programme managed to continue its work. This was made possible through strategic adaptation of tools and interventions, especially in Gaza, and a deliberate shift of focus to supporting the cultural and educational fields in crisis response mode. Core interventions were maintained, while others were developed to respond to the extraordinary circumstances and the immediate needs of artists, teachers, and communities at large.

1.1 Education Unit (EU)

In 2024, the Education Unit operated under the theme “Education Under Threat,” focusing its efforts on enabling teachers in Gaza to lead educational and psychosocial initiatives in response to the war and the collapse of the formal education system.

Thanks to additional support from the Drosos Foundation, 65 teacher-led initiatives were supported in Khan Younis and Deir al-Balah in Gaza. These reached more than 4,600 children (3,130 girls and 1,470 boys) and involved 56 additional volunteer facilitators. Weekly coordination meetings and training sessions were held by members of the Gaza Teachers Forum, which served as the main support and advisory body. The sessions focused on psychosocial resilience, drama, storytelling, music, and visual arts. In parallel, the Save the Childrenfunded Early Childhood Education project enabled the establishment of 10 temporary learning spaces for 600 children aged 4–6, operated by 40 trained teachers.

Owing to the success of these efforts, new proposals were developed and accepted: one by Drosos for the year 2025 with a budget of $150,000, and another by Save the Children through the “Education Cannot Wait” global fund, with a budget of $900,000.

In the West Bank, work continued with public school teachers through Teacher Forums in situ . These focused on designing and implementing community-driven education initiatives involving families and students, and on testing “popular education” models. Activities included summer camps (e.g., in Nablus), safe learning spaces, early childhood workshops, and STEAM-focused educational clubs.

The unit also graduated 156 teachers and 14 supervisors from its three-year training cycle (Creative Child, Bright Future), which concluded in 2024. Participants completed 114 hours of training for teachers and 36 hours for supervisors. Focus areas included:

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A.M. QATTAN FOUNDATION

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Three new teaching guides were developed:

  1. Drama in Education: “Exploring and Learning through Drama”

  2. Early Childhood Education: “Creative Imaginations – Teacher’s Guide: The Mantle of the Expert Approach” 3. STEAM: “Supporting Learning through STEAM” (in Arabic and English)

A narrative-based research group was formed, which published findings on the impact of COVID-19, teacher strikes, and the war on education in Palestine. Another external study measured improvements in 21st-century skills and critical thinking among students and confirmed the programme’s significant educational impact. Based on recommendations, training for new teachers and graduates was extended in partnership with local community centres in Bethlehem and Nablus.

The FabLab continued its activities both in Ramallah and in four public schools across Jenin, Bethlehem, Hebron, and Tubas. Workshops in design thinking, environmental science, and creative coding were implemented for 80 students and eight teachers. Each school hosted a summer camp and an exhibition showcasing environmentally themed technological innovations.

Additional activities included:

1.2 Grants and Capacities Support Unit (GCSU)

The GCSU continued to serve as a key institutional mechanism to support artists, cultural practitioners, and institutions - especially during the crisis in Gaza. The unit operated on two fronts in 2024: immediate emergency response and long-term strategic planning.

Emergency Support to Gaza Artists:

From November 2023 to June 2024, AMQF provided $179,000 in emergency grants to 356 artists and writers in Gaza. These grants were co-funded by the Charity (66%) and by individual and institutional donors (34%).

Open Call for Cultural and Educational Initiatives in Gaza:

An open call launched in July 2024 received 242 applications. Following two rounds of evaluation, 76 initiatives were supported with a total budget of $203,000. The selected projects covered drama, film, creative writing, music, and psychosocial support.

Data Collection for Cultural Sector in Gaza:

In early 2024, AMQF launched a mapping and documentation project of cultural organisations in Gaza. Data on 59 organisations (resources, needs, damages) was collected to support future recovery efforts. The effort is expected to expand to other regions in Palestine.

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A.M. QATTAN FOUNDATION (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Strategic Partnerships and Solidarity Funds:

AMQF began laying the groundwork for a Palestinian Cultural Solidarity Fund with Al-Mawred Al-Thaqafi and AFAC (Lebanon), although the military escalation in Lebanon delayed further steps.

Ongoing Grant Schemes and Residencies:

Artistic Residencies:

Public Outputs:

Publications and Partnerships:

2 THE PUBLIC PROGRAMME (PP)

The Public Programme delivers events and activities by curating, commissioning, and managing cultural offerings at the Charity’s Cultural Centres and by engaging communities across Palestine. It operates through three units: 1. Curatorial Unit

  1. Community Engagement Unit

  2. Libraries Unit

The first two work together while the latter operates independently.

2.1 Curatorial Unit (CU)

In 2024, the work of the Curatorial Unit was marked by two distinct but interrelated priorities: responding to the war in Gaza and maintaining cultural engagement through public exhibitions and artistic practices.

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A.M. QATTAN FOUNDATION (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Unit organised the exhibition Gaza – A Moment of Transformation , developed in partnership with a wide network of Palestinian and international artists. The exhibition, which opened in March 2024, featured works by 119 artists and collectives from Gaza, the West Bank, the 1948 territories, the diaspora, and other international solidarities. The exhibition showcased 162 artworks, including installations, video art, painting, photography, and text-based works. In a departure from conventional selection models, the works were reviewed by two separate committees – a selection committee and a commentary committee – who jointly agreed to present all submissions to allow for open dialogue and reflection. Proceeds from artwork sales (at least 30% of each sale) were allocated to support the cultural sector in Gaza, raising nearly $6,000.

The exhibition was accompanied by a series of five public discussions between participating artists of different generations and geographies. The sessions were documented by researcher Yasmeen Qa’dan, as part of preparations for a collective statement on the evolving identity of Palestinian art in times of war and upheaval.

Another major curatorial project in 2024 was “The Woven Lineage” , a visual arts and archival exhibition developed in collaboration with Inash Al-Usra Charitable Society. The exhibition offered a critical reading of the Association’s legacy through the lens of the life and work of its founder, Samiha Khalil. Researchers including Salim Tamari, Rima Hammami, and Islah Jad were part of the exhibition’s curatorial committee. A group of emerging artists—Abdullah Ma’tan, Maysa Duw, Maya Khalidi, and Rizq Ibrahim—produced new works following extensive research and interviews conducted at the Society’s archives.

The exhibition included a parallel programme of talks, workshops, and storytelling sessions hosted in cooperation with Inash Al-Usra and the Leila Miqdadi al-Qattan Library at the Cultural Centre in Ramallah. Activities included panel discussions, a storytelling session for children, musical performances, and community memory workshops with former staff and friends of the Soceity. The exhibition attracted strong community engagement, with around 300 attendees across different events. A catalogue titled “The Woven Lineage” was also produced, and 100 copies were donated to Inash Al-Usra.

The Unit also collaborated with ANAMED (the Koç University Research Centre for Anatolian Civilizations )in Istanbul on a new iteration of our exhibition, Palestine from Above. Materials, including archival prints, photo slides, Ottoman albums, and digital assets were lent for the show.

2.2 Community Engagement Unit (CEU)

In 2024, the CEU focussed with added urgency on the need for free public cultural spaces as sites for engagement and debate. The Unit collaborated with artist and activist networks across cities and refugee camps in the West Bank to deliver joint programming and deepen relationships with local communities.

The Alternative Pedagogies Project , developed in collaboration with artist collectives in Hebron ( Mandloun ) and Bethlehem ( Marsam 301 ), brought together artists, academics, and curators to design public art interventions. Participants—including Abaher al-Saqqa, Alaa Younis, Khaled ‘Auda Allah, and Yazid Anani— supported artistic research on the relationship between pedagogy and resistance to occupation. The project culminated in a series of events by seven young artists and public art events held in December 2024.

The CEU also led AMQF’s involvement in the Let’s Reclaim the Commons regional project, in collaboration with Al-Mawred Al-Thaqafi and others. Activities included a study day on cultural commons and solidarity, held in Ramallah in March, which brought together over 60 participants and featured Palestinian and international speakers.

The Masahat Open Call continued to offer free cultural space to artists and cultural groups at the Cultural Centre in Ramallah. In 2024, 20 public events were hosted there, ranging from music and dance performances to exhibitions and book talks. These events were attended by over 2,660 individuals and highlighted the importance of institutional support for artists during crises.

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A.M. QATTAN FOUNDATION

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

2.3 Libraries Unit

The Leila Miqdadi Al-Qattan Library remained a very busy cultural hub in 2024. The library adapted its activities to reflect on the horrors of the Gaza War through curated displays and public programming.

Highlights included:

The library also maintained its children’s programming. In 2024, 562 children and their families participated in 15 storytelling sessions and cultural activities , some of which were delivered in collaboration with FilmLab and the AMQF Education Unit. Reading sessions were developed in partnership with Palestine Writing Workshop and Bayt Yalit. A special workshop on “imaginative creatures” targeted older children and was well received.

The library continued to be a gathering place for diverse groups. Through targeted outreach, new community groups were formed, including the “Layla Reading Circle,” an Arabic book club for retirees, and a family games group. An active WhatsApp group was also formed to maintain ongoing dialogue and coordination among users.

3 AL-QATTAN CULTURAL CENTRE-GAZA

As highlighted in the introduction, the war on Gaza brought devastating consequences for the Gaza Cultural Centre and its community. Although programmatic activities continued in 2023 until the end of September, the Centre was forced to cease operations due to the outbreak of war. In 2024, the Centre could not resume operations at its physical premises due to security risks, staff displacement, and damages. Nevertheless, the team, despite profound challenges, restructured its interventions to deliver cultural, psychosocial, and educational support to displaced communities, particularly children and women, across Gaza’s five governorates.

An exact assessment of the damage to the Centre until the ceasefire on 19 January 2025 was still pending due to restricted access. After 19 January 2025 and up to 18 March 2025, the majority of staff relocated to Gaza city from their areas of displacement and were able to visit the centre and assess damages after the United Nations Mine Action Service (UNMAS) gave clearance for them to enter. Some maintenance was undertaken during that period, and the Charity was planning to resume activities for children as long as the ceasefire held; nonetheless all plans stopped as the ceasefire collapsed.

By end of 2024, staff members and their families remained displaced, and the Charity mourned the loss of two staff members: Hamed Khalidi, killed by the Israeli army in December 2023, and Iman Shaheen, who passed away in May 2024 due to the collapse of Gaza’s healthcare system.

Nonetheless, the 2024 programme focused on three overarching goals:

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A.M. QATTAN FOUNDATION

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Despite the war, the Centre delivered 881 cultural activities in shelters, displacement camps, and community spaces, reaching over 34,000 people (65% of whom were female). Activities included performing and visual arts, writing, storytelling, science-based interventions, library outreach, psychosocial support, and play-based prog ra mming.

3.1 Child Creativity Unit and Emergency Cultural Programme

Due to the closure of the Centre’s premises, the Child Creativity Unit’s work was adapted into an emergency cultural programme delivered in displacement sites, temporary classrooms, and shelters. The programme’s primary goals included preserving cultural identity, offering psychosocial first aid, and supporting community cohesion in the face of mass trauma.

Activities were delivered by 27 facilitators, artists, and educators, including several displaced staff members who resumed work within their new communities. The team designed age-appropriate, trauma-informed content and facilitated engagement with children between the ages of 3 and 15. Notably, 59% of all activities (i.e. 518) took place in displacement camps, 205 of which in official shelters, and additional interventions in temporary learning spaces and civil society centres.

Facilitators implemented sessions in creative writing, storytelling, visual arts, Arabic calligraphy, performing arts, audiovisual production, and community-based science activities tailored to the crisis (such as public hygiene awareness and water conservation). Traditional games and physical play comprised 35% of all sessions, demonstrating their value in providing emotional release and stability. The library’s educational resources were mobilised in new ways to reach children with limited access to formal schooling.

Staff leveraged community-based networks, such as WhatsApp groups with parents, to coordinate activities and share updates. Initiatives like the “Dardashat” forum—an informal group supporting mothers—helped sustain community bonds and address collective emotional needs.

3.2 Community Engagement and Cultural Worker Support

The Centre actively contracted displaced artists and cultural workers, offering them flexible, paid engagements to lead sessions across multiple locations. Emergency contracting procedures ensured accountability while allowing responsiveness to the volatile situation.

In total, 20 artists and facilitators were engaged, reaching thousands of children and adults through creative programming. This approach helped mitigate the economic collapse many artists faced and underscored the Centre’s role in cultural stewardship even under siege.

3.3 Operational Realities and Centre Infrastructure

The Centre’s infrastructure sustained multiple damage, including gunfire, looting, and seizure of critical equipment. The mobile library bus was stolen in June 2024. Power generators and fuel tanks were forcibly removed in December by unknown armed groups. Additionally, partner sites such as the Maghazi Centre - once a child-friendly space supported by AMQF - were destroyed in airstrikes.

Despite these losses, the programme team continued its work from rented halls and ad hoc spaces, including a shelter secured in Rafah to house displaced staff and their families. The programme also operated in makeshift venues in Khan Younis, Deir al-Balah, and other locations as security conditions allowed.

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A.M. QATTAN FOUNDATION (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The human toll was immense. In addition to the loss of staff, over 30 relatives of staff members were killed, and many were injured or displaced. Several team members suffered significant personal tragedies but remained committed to the programme's goals. The Charity provided emergency support, mental health referrals, and internal solidarity mechanisms wherever possible.

4 THE MOSAIC ROOMS (MR)

In 2024, The Mosaic Rooms (MR) continued to deliver an ambitious programme of exhibitions, public events and creative learning, despite entering a major organisational transition. This year marked a turning point in MR’s journey toward becoming an independent UK-registered charity, with detailed planning for a new legal structure, governance model, and spatial redevelopment of its premises. A refurbishment and redevelopment period began in July 2024, with reopening scheduled for late 2025.

Throughout the first half of the year, MR presented a wide-ranging and critically engaged visual arts programme. Exhibitions included In the Shade of the Sun , showcasing new commissions by emerging Palestinian artists, Translation as Hospitality by The School of Mutants, and Performing Colonial Toxicity , an extensive archival survey by Samia Henni on France’s nuclear testing in Algeria. MR also supported touring iterations of its exhibitions in the UK and Slovenia, including the collaborative show Constellations of Multiple Wishes , presented at MG+MSUM in Ljubljana to an audience of 10,000.

The public programme remained robust, offering talks, artist-led workshops, performances, and multidisciplinary collaborations. Highlights included War-Torn Ecologies: Resistant Worlds , a three-day programme exploring themes of conflict, ecology and resistance, and the sold-out Edward W. Said London Lecture delivered by Raji Sourani. MR also hosted a solidarity exhibition for Gaza curated by the AZL Collective and further developed its Mujaawarah strand with participatory gatherings exploring collective practices and care.

The Creative Learning programme grew significantly, offering a wide array of initiatives for families, young people and school groups. Projects included Play Lab: Water Binds Us , a sensory play installation inspired by Mahmoud Darwish; the expansion of the Young Collective to include young people from the Global Majority; and continued collaborations with local secondary schools on arts-based learning. Consultation and co-design efforts began in earnest for a new permanent learning space, to open in 2025.

MR’s physical and digital reach remained strong. Over 2,600 people attended in-person events, with an additional 23,000 digital listeners engaging with online broadcasts. The bookshop generated nearly £60,000 in income— up 66% from 2023—and a new £5 ticket donation model was introduced. MR also launched its first Friends scheme and grew its Instagram following by over 25%.

A successful project grant from Arts Council England supported Samia Henni’s exhibition and programme, while a major collaborative project with the Beirut Art Center was awarded the Anhar Grant by Art Jameel x British Council, with programme activities to continue into 2025.

Despite the demands of transition, The Mosaic Rooms remained deeply committed to inclusive practice, cultural solidarity, and experimentation. With a new brand, website, creative learning space and charitable structure due in 2025, MR is poised to emerge stronger and better equipped to serve artists and communities in London and internationally.

Page 10

A.M. QATTAN FOUNDATION

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

5 COMMUNICATIONS & DEVELOPMENT

In 2024, we focused on consolidating our emergency publishing strategy in response to the war on Gaza, adapting our visual language, editorial tone, and content approach accordingly. Despite restrictive Meta policies that limited the reach of content related to Palestine, the team maintained a consistent presence across digital platforms and prioritised content from Gaza, while also covering the Charity’s work in Ramallah, Aida Camp, Askar Camp, and beyond.

We strengthened internal workflows and audience engagement, including the launch of a public survey completed by over 100 individuals, and a WhatsApp group dedicated to the Leila Miqdadi Al-Qattan Library. We also expanded media coverage for major exhibitions and educational projects, and produced several new multimedia outputs, including video, podcast, and print.

Key Palestine highlights included:

While content output remained high, the year also brought significant challenges. These included coordination difficulties with podcast guests, technical limitations in our production capacities, restricted mobility across the West Bank, poor-quality materials received from Gaza due to unstable infrastructure, and the postponement of our new visual identity implementation developed in 2023.

2024 Social Media Growth:

Platform 2023 Followers 2024 Followers Increase
Facebook 100,147 102,897 +2,750 (+2.75%)
Instagram 24,713 29,740 +5,027 (+20.35%)
LinkedIn 4,704 5,092 +388 (+8.25%)

Video and reel production reached a total of 135 , with over 300 posts shared across all platforms.

On the other hand, the Mosaic Rooms continued to expand its public reach and deepen audience engagement. Digital engagement remained robust across platforms. Instagram followers increased by 26% (from 19.3k to 24,396), while newsletter subscriptions rose slightly to 10,272 with a healthy open rate of 45%. Soundcloud listens rose by 58%, and Vimeo content drew over 600 hours of viewing time, reflecting continued interest in talks and cultural content. Website sessions held steady at 39,000, with 97% being new users. Facebook and Twitter saw minor declines, in line with wider trends in social media usage.

Media coverage of exhibitions and events remained strong. Highlights included features in The Art Newspaper , Canvas Magazine , Art Monthly , Selections Magazine , Markaz , The Guardian , and The New Arab . The 2024 Edward W. Said London Lecture, delivered by Raji Sourani, also received widespread attention and was broadcast to over 23,000 online listeners.

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A.M. QATTAN FOUNDATION

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Our resource development work included follow up on four co-funding agreements which made up 9% of the Charity’s programmatic expenses in Palestine. Our co-funding partners were Save the Children International, Drosos and, ENABEL.

The Mosaic Rooms in London received support from three organisations: Arts Council England (ACE), Art Jameel x British Council (Anhar Grant), and Chelsea College of Arts, University of the Arts London (UAL).

6 ADMINISTRATIVE REVIEWS

In 2024, administrative work across the Charity remained largely stable, despite major challenges resulting from the war on Gaza. Strategic planning processes, procurement systems, emergency protocols, and HR systems continued to evolve and adapt to internal needs and external pressures.

Strategic Development and Organisational Culture

Building on the strategic thinking retreat held in Amman in January 2023, the Charity launched a series of workshops aimed at identifying transitional priorities ahead of the next five-year strategic plan. The first workshop, held in June 2024 and facilitated by consultant Moukhtar Kocache, brought together Trustees, senior staff and employees to examine transitional priorities and emergency planning. It also included a session with organisational psychologist Fathi Fleifel to deepen collective understanding of the Charity’s internal culture and dynamics.

This led to the formation of internal working groups which met during the second half of the year, using a tool developed in collaboration with Kocache to explore institutional priorities in detail. The findings of these groups were later presented at a staff-wide meeting and will feed into the main strategic planning workshop in April 2025.

Procurement and Administrative Systems

In 2024, the Procurement Unit finalised the implementation of a unified procurement plan for the Ramallah office, including the institutionalisation of a system of framework agreements with suppliers for recurring services (stationery, accommodation, translation, auditing, design, catering, etc.). In Gaza, despite emergency conditions, several contracts were issued to support housing for staff and deliver cultural activities in displacement areas.

The updated Procurement Policy was finalised and approved by the Board of Trustees (BoT) in December 2024. Awareness sessions on the policy were held in February 2025. In parallel, a new mechanism for documenting and monitoring incidents was developed and three accidents were recorded during the year, one of which was covered by the insurance provider. A comprehensive inventory and categorisation of items stored in the Charity’s art collection depot, in Ramallah, was completed, and an asset register update was completed.

Emergency Planning and Risk Mitigation

As part of efforts to strengthen institutional readiness, two first-aid training sessions were delivered to Ramallah staff. Further development of the Charity’s emergency preparedness plan has been identified as a top priority for 2025, and in March 2025 work started on developing the emergency response plan for the West Bank.

Page 12

(A company limited by guarantee)

A.M. QATTAN FOUNDATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Charity also updated and reactivated its complaints and suggestions mechanism, which now includes a dedicated phone line and an online form. During 2024, 21 complaints and suggestions were received, resulting in improvements to IT security, the relocation of the children’s room, and a staff-wide awareness session on safeguarding policies. A specialised training on child safeguarding was delivered in March 2025, with a follow-up session planned for May 2025. Notably, none of the complaints or incidents reported during this period related to safeguarding or child protection; they were concerned with issues such as noise, movement, services, maintenance, etc.

Staffing and Human Resources

As of 31 December 2024, the Charity had 59 full-time employees in Palestine; while at the Mosaic Rooms the Charity had 8 staff members.

During the year, the HR platform was upgraded, allowing employees to access HR services via mobile application. Planning began to digitise recruitment processes, and an initial review session was held to assess gaps in workflow integration.

A psychosocial support session and a safeguarding awareness workshop were delivered to staff in Ramallah as part of the Charity’s ongoing efforts to improve workplace culture.

Information Technology

Following the departure of the former Director of IT, a transitional contract was signed with Inet, a company previously involved in the infrastructure upgrade for the Charity in Palestine. Their role in 2024 focused on securing systems, updating digital credentials, improving backup procedures, and upgrading servers and website. Additionally, the unit supported the gradual operational independence of The Mosaic Rooms, contributed to procurement and budgeting, and began piloting a digital asset and support request management system.

A revised structure is being piloted for the IT Unit, combining internal operational oversight with outsourced strategic functions. Recruitment for an internal supervisor is underway.

Facilities and Infrastructure

A number of infrastructure developments were completed in 2024, including the rehabilitation of the design and engineering workshop (formerly the Science Studio) in the main building. This included all mechanical, electrical, and structural works and machinery testing. A call for proposals to operate the workshop is scheduled for 2025.

The Charity also maintained lease agreements for facilities in its office at its property in Al-Masyoun with the Barenboim-Said and the Mariam Foundations and completed a new leasing agreement for the gym space and restaurant. A key milestone was achieved with the official certification of the Charity’s headquarters and Cultural Centre in Ramallah as a “Platinum-Level Green Building” by the Palestinian Green Building Council.

AMQF hosted 189 events in its Cultural Centre during 2024, of which 156 were internal and 33 external. A total of 48 planned events were cancelled due to the war on Gaza.

In 2024, income from leasing and venue and equipment hire was as follows:

Page 13

A.M. QATTAN FOUNDATION (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

FUNDRAISING STANDARDS

The Charity had an in-house Resource Development (RD) Manager position at its Ramallah headquarters responsible for fundraising but currently the position is vacant, and an external consultant has been contracted to provide the needed support. In the UK, the Mosaic Rooms’ Director manages fundraising. Both follow the fundraising policy approved by the Board of Trustees, which states that external funding should not exceed 40% of the annual budget and that the Charity should always play the lead in the design and implementation of its projects. In addition, no conditions should be attached to external funding that contradict the Charity's core mission. The Charity approaches donors to extend and expand its programmes' operations by co-funding selected projects and programmes.

The Charity does not solicit funding from the public nor from individuals except in very rare cases pre-approved by the Trustees. No complaints were received from members of the public about the Charity's fundraising activities.

7 FINANCIAL REVIEWS

Incoming resources in the 12 months to December 2024 were £4,769,634 which was higher than £2,393,069 in the 12 months to December 2023. The main sources of funding for the Charity's core programme and administrative expenses were the AI-Qattan Charitable Trust, Jersey, Omar AI-Qattan, Najwa Al-Qattan and Leenah Al-Qattan.

The heirs of the late Leila Al-Qattan, namely her children Najwa, Leenah, Hani and Omar Al-Qattan formally bequeathed her house in Amman, Jordan to the Charity through the Jordanian Sharia courts after her death on January 27, 2015, and after the passing of her late husband on December 4, 2017. However, foreign entities cannot legally own real estate in Jordan except through the establishment of a non-operating foreign company (in this case, a branch of the UK Charity), a convoluted process requiring the approval of the Ministry of the Interior, which took until 2021 to complete. Moreover, as Jordanian Real Property Law does not allow the Charity to rent nor sell the property for the first six years after its registration (except for its use as a residency or office of the Charity's official representative in Jordan), the Trustees have opted to recognize the house as a tangible asset. The Charity is able to appeal to the Jordanian authorities to reduce this period once it has received a serious purchase offer from a third party, which it has done and is awaiting the Jordan Authorities’ response.

In the first quarter of 2025, the Charity completed the sale of its investment property, the Academy Gardens apartment in Kensington, following Trustee approval of a favourable offer. In anticipation of the sale, the property was reclassified as a current asset in the 2024 financial statements.

Total expenditure in 2024 was £4,957,072 which has decreased from £8,282,679 in the previous period. The percentage of total expenditure vs. the approved budget for this year was 87%.

Overall, the Charity reported a deficit for the year of £272,315 (2023 - net deficit of £7,053,824). The reported deficit for the year primarily resulted from the net impact of non-cash items, including depreciation charges, foreign exchange movements, and net losses on investments.

At the end of the fiscal year, the balance of the provident fund for employees in Palestine was £900,101 while the severance fund balance for employees in Palestine was £1,185,776.

The funds the Charity carried forward on 31 December 2024 were £39,446,366 of which £24,902,329 were held as restricted funds and £14,544,037 as unrestricted funds.

Page 14

(A company limited by guarantee)

A.M. QATTAN FOUNDATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves Policy

The Trustees have reviewed the Charity’s needs for reserves in line with the guidance issued by the Charity Commission.

The Trustees believe that a prudent level of reserves would be in the region of £3,400,000. This would enable the Charity to have the financial resources to meet employees’ salaries and basic running costs for twelve months.

The Al-Qattan Charitable Trust in Jersey has been the Charity’s largest donor to date, over a period of more than twenty-five years. The Al-Qattan Charitable Trust was set up with a mandate to support the Charity’s core programmes and running expenses, among other charitable goals. The Charity’s Trustees feel confident of the short and medium-term security of this funding source. However, they also regard the emergency provisions outlined above as necessary to cover any suspension of the Al-Qattan Charitable Trust's funding for reasons beyond their control.

At the year’s end the free reserves of the Charity (as defined by unrestricted funds not held as fixed assets) was £8,835,328 which is £5,435,328 above the level set by this policy. The higher reserves position is primarily due to post balance sheet events: specifically, the liquidation of a portion of the Charity’s investment portfolio with Sarasin & Partners LLP and the sale of the Academy Gardens property in early 2025 (refer to Note 28 of the financial statements for more details). As a result, the assets were transferred from fixed assets to current assets, thus leading to a higher free reserves balance. Both actions were approved by the Board to strengthen the liquidity and support operational needs and future investment planning.

The Trustees intend to reinvest the surplus funds in line with the Charity’s investment policy, which prioritises capital preservation while generating income to support the Charity’s objectives. Pending the identification of a suitable opportunity, the funds are held in an interest-bearing account to ensure prudent stewardship. The Trustees will continue to monitor the reserves’ position regularly and will review the reserves policy as part of the budget-setting process and the planned new strategic plan.

Investment Policy

In August 2021, the Charity contracted Sarasin & Partners as its investment managers and transferred $2.5 million for a Strategic Portfolio. The Charity’s investment policy is the preservation of capital against inflation while pursuing conservative to very conservative strategies with an allocation of a maximum of 40% in global bonds and a maximum of 60% in global equities.

The Charity may request a semi-annual £50,000 disbursement from investment income, subject to approval by the Investment Committee. No such request was made in 2024 due to underperformance. In early 2025, however, the Trustees approved the liquidation of £320,000 to support operational needs in the UK.

While the target return is 3% per annum above US CPI over a rolling five-year period, the portfolio returned to 11.50% in 2024 and 15.6% in 2023. The performance in Q1 2025 has shown a modest decline of -1.2%, underperforming the portfolio's benchmark, which posted a positive return of 0.2%. This shortfall was partly driven by market volatility and U.S. tariff concerns.

The Charity does not plan to change its investment managers or portfolio in the foreseeable future, as it considers this investment as long-term and is aware of the current fluctuations and risks in global markets.

Page 15

A.M. QATTAN FOUNDATION

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Regarding its other assets, the Charity continues to seek to sell its property in Amman which it cannot rent (for legal reasons as outlined above) and which is thus not generating income. Once this is achieved, it will pursue similar conservative investment strategies that can preserve capital and generate income of 2 to 3% above US CPI.

Proceeds from the Academy Gardens sale will also be reinvested following this strategy, pending the identification of a suitable opportunity.

Principal risks and uncertainties

The Charity’s principal risks identified in 2024 were mainly:

Page 16

A.M. QATTAN FOUNDATION (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governance

The Charity is governed by policies and procedures devised with support from a professional firm of auditors to cover all operations, including internal auditing services provided by Deloitte (up to 2023- the Charity is currently soliciting offers from firms as the Trustees decided that it’s time to rotate) , which are then discussed and approved by the BoT, as are a semi-annual and annual narrative and financial reports on all programmes, projects, and management issues. The BoT meets with the senior management committee (SMC) at least twice a year. The SMC is composed of all members of staff at director level and other selected senior staff.

The Charity has a long and successful history of collaboration with other major charities and institutions, including the Drosos Foundation (Switzerland), the Arts Council England, Taawon (previously Welfare Association) in Geneva, the Palestinian Museum, the Swiss Development Cooperation, and many others. Historical and current projects have mainly been co-funding interventions in medium to long-term strategic goals. Our Chair of the Board (active until 31.03.2024) was elected to chair the Palestinian Museum in August 2020. However, he plays no part whatsoever in discussions or decisions relating to joint projects between the two institutions. Since 2022, he was also a member of the Board of Directors of Taawon (Geneva). The Charity provided free office space at its London offices to Welfare Association (UK), Taawon’s UK partner organisation until September 2024.

As noted in the Introduction, the composition of the Board of Trustees changed in 2024, following decisions made at the December 2023 and December 2024 meetings. Key developments included the appointment of Professor Najwa Al-Qattan as Chair effective April 2024, succeeding Omar Al-Qattan, who continues to serve as a Trustee. New appointments included Leenah Al-Qattan (April 2024), Suhad Bishara, and Walid Gharaibeh (March 2025). The Board also marked the completion of Dr Raef Zreik’s term with appreciation for his service.

The Charity has a risk matrix and risk register that is updated every year.

Directors’ indemnity insurance

Directors’ indemnity insurance for the benefit of one or more Directors of the Company was in force during the financial period.

The Constitution of the Charity

The Charity is a registered charity and a company limited by guarantee.

The Articles of Association set out the Charity's purposes and its governing structure. They are supported by a Governance Manual which lays out in detail policies and processes related to all governance functions.

Recruitment and Induction of Trustees

The Charity may by ordinary resolution appoint a person who is willing to be a Trustee. Potential candidates are recommended by the Nominations Committee. The selection criteria are focussed on candidates' professional expertise in the Charity's areas of work, as well as other areas such as management, audit, public relations and fundraising. Candidates are then recommended for approval by the Board.

Page 17

A.M. QATTAN FOUNDATION

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Chair of the Board is responsible for the induction of new Trustees. An information pack is provided upon appointment, meetings are arranged with relevant members of the staff and the Trustees and any training needed is provided. Newly appointed Trustees must submit a signed Confidentiality Agreement, the Declaration of Interests and a Trustee Eligibility Form.

Remuneration policy

The Board conducts regular research on comparable remuneration packages for all key management posts. All staff (except for the Director General (DG)) are paid according to a salary scale that is reviewed regularly by the Board. The DG's remuneration is negotiated directly with the Chair of the Board.

Public Benefit

We have referred to the guidance in Section 17 of the Charities Act 2011 on Public Benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees, as well as all senior members of staff, are asked to carefully consider how planned activities will contribute to the aims and objectives they have set.

In that regard, the Trustees are satisfied that all activities and the benefits arising from them are strictly in line with the Charity's stated aims; that its activities are solely focussed on children, teachers, artists and cultural practitioners, and members of the general public interested in cultural and educational activities; that all opportunities and benefits are offered on an open, transparent but competitive basis, while ensuring that activities are distributed across geographical, economic and social areas and strata with a specific focus on marginalised or impoverished communities (for example in rural areas, economically disadvantaged communities or refugee camps), without compromising the quality of services provided.

The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.

This report was approved and authorised for issue and signed on its behalf by:

…………………………… Professor Najwa Al-Qattan Chair, Board of Trustees Date: 22/07/2025

Page 18

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees (who are also the Directors of the Foundation for the purposes of company law) are responsible for preparing the Trustees' Report including the Strategic Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Foundation and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Foundation's transactions and disclose with reasonable accuracy at any time the financial position of the Foundation and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

Approved by order of the Members of the Board of Trustees and signed on its behalf by:

Vague NE-Qattan

................................................

Professor Najwa Al-Qattan Chair

Date: 22/07/2025

Page 19

(A Company Limited by Guarantee)

A.M. QATTAN FOUNDATION

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF A.M. QATTAN FOUNDATION

Opinion

We have audited the financial statements of A.M. Qattan Foundation (the 'Foundation') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.

We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, 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

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the Trustees’ assessment of the entity’s ability to continue to adopt the going concern basis of accounting included critical reviews of budgets and forecasts provided.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 20

A.M. QATTAN FOUNDATION (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF A.M. QATTAN FOUNDATION (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 Auditors' 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.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report including the Strategic Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 21

A.M. QATTAN FOUNDATION (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF A.M. QATTAN FOUNDATION (CONTINUED)

Responsibilities of Trustees

As explained more fully in the Statement of Trustees' Responsibilities, the Trustees (who are also the Directors of the charitable company for the purposes of company law) 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 the Trustees 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 charitable 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 the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Page 22

(A Company Limited by Guarantee)

A.M. QATTAN FOUNDATION

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF A.M. QATTAN FOUNDATION (CONTINUED)

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charitable company's Members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's Members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its Members, as a body, for our audit work, for this report, or for the opinions we have formed.

Sudhir Singh FCA (Senior Statutory Auditor) for and on behalf of MHA

Statutory Auditor London, United Kingdom

Date: 12 August 2025

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).

Page 23

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income from:
Donations, legacies and grants
3
Charitable activities
4
Investments
5
Other income
Total income
Expenditure on:
Raising funds
6
Charitable activities
7,8
(Gain)/ loss on foreign exchange
Total expenditure
Net gains/(losses) on investments
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
523,026
172,750
170,746
-
866,522
77,776
873,142
-
950,918
183,771
99,375
14,444,662
99,375
14,544,037		 Restricted
funds
2024
£
3,614,938
12,569
251,559
24,046
3,903,112
-
4,459,424
(453,270)
4,006,154
(268,648)
(371,690)
25,274,019
(371,690)
24,902,329		 Total
funds
2024
£
4,137,964
185,319
422,305
24,046
4,769,634
77,776
5,332,566
(453,270)
4,957,072
(84,877)
(272,315)
39,718,681
(272,315)
39,446,366		 Total
funds
2023
£
1,746,471
111,727
515,615
19,256
2,393,069
60,658
6,502,528
1,719,493
8,282,679
(1,164,214)
(7,053,824)
46,772,505
(7,053,824)
39,718,681

The Statement of Financial Activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 27 to 52 form part of these financial statements.

Page 24

A.M. QATTAN FOUNDATION (A Company Limited by Guarantee) REGISTERED NUMBER: 02171893

BALANCE SHEET AS AT 31 DECEMBER 2024

2024 2024 2023 2023
Note £ £ £ £
Fixed assets
Tangible assets 13 23,427,387 24,118,570
Investments 14 7,153,420 14,172,267
30,580,807 38,290,837
Current assets
Stocks 15 17,484 17,484
Debtors: Amounts falling due within one year 16 319,487 259,543
Investments 17 7,060,000 -
Cash at bank and in hand 24,25 3,964,561 3,673,057
11,361,532 3,950,084
Creditors: Amounts falling due within one year 18 (404,213) (480,919)
Net current assets 10,957,319 3,469,165
Total assets less current liabilities 41,538,126 41,760,002
Creditors: Amounts falling due after more than
one year 19 (5,883) -
Provisions for employees' benefits 20 (2,085,877) (2,041,321)
Total net assets 39,446,366 39,718,681
Charity funds
Restricted funds 21 24,902,329 25,274,019
Unrestricted funds 21 14,544,037 14,444,662
Total funds 39,446,366 39,718,681

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Vague ................................................ NE-Qattan

Professor Najwa Al-Qattan

Chair Date: 22/07/2025

The notes on pages 27 to 52 form part of these financial statements.

Page 25

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Cash flows from operating activities
Net cash used in operating activities
23
Cash flows from investing activities
Investment income
5
Purchase of tangible fixed assets
13
Proceeds from sale of investments
14
Purchase of investments
14
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Change in cash and cash equivalents due to exchange rate movements
Cash and cash equivalents at the end of the year
24		 2024
£
14,897
380,119
(67,301)
-
(42,186)
270,632
285,529
3,673,057
5,975
3,964,561		 2023
£
(3,712,048)
515,615
(65,052)
81,201
(82,440)
449,324
(3,262,724)
6,652,592
283,189
3,673,057

The notes on pages 27 to 52 form part of these financial statements.

Page 26

(A Company Limited by Guarantee)

A.M. QATTAN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

The Foundation is a company limited by guarantee and is registered with the Charity Commission (Charity Registered Number 1029450) and Registrar of Companies (Company Registration Number 02171893) in England and Wales.

The Members of the Foundation are the Trustees named on page 1. In the event of the Foundation being wound up, the liability in respect of the guarantee is limited to £1 per Member of the Foundation.

The address of the registered office is given in the Foundation information on page 1 of these financial statements. The nature of the Foundation's operations and principal activities are detailed in the Trustees Report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

A.M. Qattan Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in sterling, although the functional currency is US dollars. The Charity is registered in the UK but conducts the majority of its business via a branch in Palestine, where US dollars is the preferred currency. Amounts presented in these financial statements are rounded to the nearest pound.

2.2 Going concern

The Trustees have assessed whether the use of going concern and have considered possible events or conditions that might cast significant doubt on the ability of the Foundation to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. In particular, the Trustees have considered the Foundation’s forecasts and projection. After making enquiries, the Trustees have concluded that there is a reasonable expectation that the Foundation has adequate resources to continue in operational existence for the foreseeable future. The Foundation therefore continues to adopt the going concern basis in preparing its financial statements.

Page 27

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Foundation has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For donations to be recognised, the Foundation will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Foundation and it is probable that they will be fulfilled.

For legacies, entitlement is taken as the earlier of the date on which either: the Foundation is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Foundation that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Foundation has been notified of the executor's intention to make a distribution. Where legacies have been notified to the Foundation, or the Foundation is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy, the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend income is recognised as the Foundation’s right to receive payment is established.

Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the Foundation. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Income from government and other grants are recognised at fair value when the Foundation has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Foundation; this is normally upon notification of the interest paid or payable by the Bank.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 28

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.4 Expenditure

All expenditure is accounted for on an accruals basis. Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Foundation to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Foundation's objectives, as well as any associated support costs.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Other expenditure represents those items not falling into the categories above.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of Financial Activities.

2.6 Taxation

The Foundation is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Foundation is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 29

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

2.8 Investments

Fixed asset investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value using the closing quoted market price or the share of the Net Asset Value of the fund (if unlisted). All gains and losses are taken to the Statement of Financial Activities as they arise.

The Statement of Financial Activities includes all net gains and losses arising on revaluation and disposals throughout the year. As investments are revalued to fair value continuously, no realised gains or losses arise.

Investment properties are recorded at fair value at each reporting date with changes in fair value recognised in net (gains)/losses in the Statement of Financial Activities.

Investments held as fixed assets are shown at cost less provision for impairment.

2.9 Current asset investments

Current asset investments include listed investments held for sale measured at their fair value using the closing quoted market price and investment property held for sale recorded at fair value at each reporting date with changes in fair value recognised in net (gains)/losses in the Statement of Financial Activities.

2.10 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.11 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 30

(A Company Limited by Guarantee)

A.M. QATTAN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.12 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.13 Liabilities

Liabilities and provisions are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Foundation anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.14 Financial instruments

The Foundation only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows:

Investments - managed investments and investment properties are classified as basic financial instruments and are held at their fair value as detailed in Note 14.

Debtors – trade and other debtors (including accrued income) are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 16. Prepayments are not financial instruments.

Cash at bank – is classified as a basic financial instrument and is measured at face value.

Liabilities – trade creditors, accruals and other creditors will be classified as financial instruments, and are measured at amortised cost as detailed in Note 18. Taxation and social security are not included in the financial instruments disclosure. Deferred income is not deemed to be a financial liability, as in the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument.

2.15 Pensions

The Foundation operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Foundation to the fund in respect of the year.

2.16 Termination payments

Termination benefits, including redundancy costs, are recognised when the Charity has the obligation to pay the benefits and they can be reliably measured.

Page 31

(A Company Limited by Guarantee)

A.M. QATTAN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.17 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Foundation and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Foundation for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2.18 Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

In the view of the Trustees in applying the accounting policies adopted, the following judgements have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the accounts:

Page 32

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

3. Income from donations, legacies and grants

Unrestricted
funds
2024
£
Donations
523,026
Grants
-
Total 2024
523,026
Unrestricted
funds
2023
£
Donations
590
Grants
-
Total 2023
590		 Restricted
funds
2024
£
3,089,488
525,450
3,614,938
Restricted
funds
2023
£
947,196
798,685
1,745,881		 Total
funds
2024
£
3,612,514
525,450
4,137,964
Total
funds
2023
£
947,786
798,685
1,746,471

Page 33

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

4. Income from charitable activities

Unrestricted
funds
2024
£
The Mosaic Rooms
172,750
Culture and Education
-
Total 2024
172,750
Unrestricted
funds
2023
£
The Mosaic Rooms
82,893
Culture and Education
-
Total 2023
82,893		 Restricted
funds
2024
£
11,899
670
12,569
Restricted
funds
2023
£
8,213
20,621
28,834		 Total
funds
2024
£
184,649
670
185,319
Total
funds
2023
£
91,106
20,621
111,727

Page 34

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

5. Investment income

Unrestricted
funds
2024
£
Rental income
127,231
Income from listed investments
-
Bank interest receivable
43,515
Total 2024
170,746
Unrestricted
funds
2023
£
Rental income
198,565
Income from listed investments
-
Bank interest receivable
9,483
Total 2023
208,048		 Restricted
funds
2024
£
120,821
3,189
127,549
251,559
Restricted
funds
2023
£
108,488
115,113
83,966
307,567		 Total
funds
2024
£
248,052
3,189
171,064
422,305
Total
funds
2023
£
307,053
115,113
93,449
515,615

Page 35

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. Cost of raising funds

Unrestricted
funds
2024
£
Investment management costs
77,776
Unrestricted
funds
2023
£
Investment management costs
60,658		 Total
funds
2024
£
77,776
Total
funds
2023
£
60,658

Investment management costs were incurred in respect of rental income on the investment property.

Page 36

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Analysis of expenditure on charitable activities - by fund

Unrestricted
funds
2024
£
The Mosaic Rooms
272,183
Culture and Education
435,745
Public Programme
165,214
Total 2024
873,142
Unrestricted
funds
2023
£
The Mosaic Rooms
258,986
Culture and Education
331,572
Public Programme
161,091
Total 2023
751,649		 Restricted
funds
2024
£
-
3,317,130
1,142,294
4,459,424
Restricted
funds
2023
£
45,000
4,009,639
1,696,240
5,750,879		 Total
funds
2024
£
272,183
3,752,875
1,307,508
5,332,566
Total
funds
2023
£
303,986
4,341,211
1,857,331
6,502,528

Page 37

(A Company Limited by Guarantee)

A.M. QATTAN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

8. Analysis of expenditure on charitable activities - by type

The Mosaic Rooms
Culture and Education
Public Programme
Total 2024
The Mosaic Rooms
Culture and Education
Public Programme
Total 2023		 Activities
undertaken
directly
2024
£
166,909
1,240,624
480,386
1,887,919
Activities
undertaken
directly
2023
£
206,580
1,351,517
655,933
2,214,030		 Grant
funding of
activities
2024
£
47,871
330,753
-
378,624
Grant
funding of
activities
2023
£
46,708
514,274
-
560,982		 Support
costs
2024
£
57,403
2,181,498
827,122
3,066,023
Support
costs
2023
£
50,698
2,475,420
1,201,398
3,727,516		 Total
funds
2024
£
272,183
3,752,875
1,307,508
5,332,566
Total
funds
2023
£
303,986
4,341,211
1,857,331
6,502,528

Page 38

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

8. Analysis of expenditure on charitable activities - by type (continued)

Analysis of support costs

Staff costs
Depreciation
Advertisement and promotion
Events and Activities
Governance costs
Expected credit losses
Insurance
Legal and professional fees
Maintenance and consumables
Other costs
Other staff costs
Premises costs
Currency exchange variances
Subscriptions and membership fees
Transportation, travel and accommodation
Residencies and workshop expenses
Loss on the sale of fixed assets
Impairment loss
9.
Governance costs
Auditor's remuneration - Audit of the financial statements
Auditor's remuneration - Preparation of the financial statements
Auditor's remuneration - Other non-audit services
Component auditor's remuneration - Audit of the Palestine financial
statements		 Total
funds
2024
£
1,205,791
1,118,915
34,801
2,276
86,300
37,455
24,482
106,218
57,994
152,403
56,601
119,137
5,895
5,008
14,877
34,847
3,023
-
3,066,023
2024
£
18,500
5,600
37,933
24,267
86,300		 Total
funds
2023
£
1,353,709
1,315,820
17,087
16,050
67,635
-
47,319
39,997
156,590
261,037
53,847
113,826
-
5,902
11,171
12,878
5,563
249,085
3,727,516
2023
£
17,500
4,500
22,293
23,342
67,635

Page 39

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. Summary of grants paid

Grants paid to institutions
Grants paid to individuals		 2024
£
176,324
202,300
378,624		 2023
£
384,036
176,946
560,982

An analysis of grants paid can be found below. Only grants paid over £10,000 are separately disclosed.

Grants to institutions
Al Harah Theatre
Bozour Theater Association
Columbia University
Cultural Symposium Club
Dalia Association
Fridge Theatre Association (Thalaja Theatre)
Jaras Group
Khalil Sakakini Cultural Center
Ni'lin Center for Cultural Work Charitable Society
Nrsan Cultural Center Association
Ramallah Municipality
Shubbak
Tamer Institute for community education
Youth Empowerment Center Palestine
Grants paid to institutions < £10,000
Grants to individuals		 2024
£
15,646
-
46,420
-
19,557
-
-
-
-
11,734
-
-
-
-
82,967
176,324
202,300
378,624		 2023
£
-
24,127
-
11,581
28,149
10,053
18,457
12,064
15,061
-
28,149
45,000
23,200
20,005
148,189
384,035
176,947
560,982

Page 40

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

11. Staff costs

Wages and salaries
Social security costs
Pension costs		 2024
£
1,247,007
32,616
231,780
1,511,403		 2023
£
1,189,988
24,184
226,188
1,440,360

Wages and salaries includes termination benefits totalling £139,082 (2023 - £281,576).

£139,082 (2023 - £123,067) relates to the accrual of statutory redundancy payments (known as Severance pay) for current staff in line with Palestine employment law. In the year, payments of £158,923 (2023 - £308,605) were made to employees. Please see Note 20 for more details.

£NIL (2023 - £157,508) relates to non-contractual redundancy payments, which are ex-gratia payments. In the prior year, they were made to 2 employees as a result of legal contract termination. The Trustees deemed the payments as in the best interest of the charity and were approved in the year, so there were no associated liabilities at the year end.

The average number of persons employed by the Foundation during the year was as follows:

2024 2023
No. No.
Employees 75 79

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024 2023
No. No.
In the band £60,001 - £70,000 3 1
In the band £80,001 - £90,000 1 1
In the band £90,001 - £100,000 1 1
In the band £170,001 - £180,000 - 1

Key Management Personnel include the Trustees and the Senior Management Team (consisting of: the Director General, Al-Qattan Cultural Centre-Gaza Director, Culture & Education Programme Director, Manager of Finance, Senior Manager of Communication and Development Department, Director of Administration, Director and Head Curator of the Mosaic Rooms and Public Programme Director). Total remuneration paid to Key Management Personnel amounted to £468,411 (2023 - £684,072).

Page 41

(A Company Limited by Guarantee)

A.M. QATTAN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 December 2024, expenses totalling £6,810 were reimbursed or paid directly to 7 Trustees (2023 - £ 1,664 to 5 Trustees) . Costs related to telephone, accommodation, hospitality and transportation costs.

13. Tangible fixed assets

Cost or valuation
At 1 January 2024
Additions
Disposals
Exchange differences
At 31 December 2024
Depreciation
At 1 January 2024 (as restated)
Charge for the year
On disposals
Exchange differences
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Freehold
land and
buildings
£
28,604,160
-
-
400,808
29,004,968
5,525,940
865,578
-
49,173
6,440,691
22,564,277
23,078,220		 Furniture,
fittings and
books
£
3,475,856
10,929
(24,901)
41,366
3,503,250
2,511,779
222,800
(21,981)
31,255
2,743,853
759,397
964,077		 Computer
equipment
£
848,171
56,372
(42,601)
10,257
872,199
803,463
20,025
(42,501)
8,888
789,875
82,324
44,708		 Motor
vehicles
£
163,444
-
-
1,443
164,887
131,879
10,512
-
1,107
143,498
21,389
31,565		 Total
£
33,091,631
67,301
(67,502)
453,874
33,545,304
8,973,061
1,118,915
(64,482)
90,423
10,117,917
23,427,387
24,118,570

Page 42

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. Fixed asset investments

Cost or valuation
At 1 January 2024
Additions
Gains/ (losses) from fair value adjustments
Transfers between classes
Exchange differences
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
Other fixed asset investments		 Listed
investments
£
3,442,596
42,186
(58,501)
(310,000)
22,714
3,138,995
3,138,995
3,442,596		 Other fixed
asset
investments
£
10,729,671
-
(26,376)
(6,750,000)
61,130
4,014,425
4,014,425
10,729,671		 Total
£
14,172,267
42,186
(84,877)
(7,060,000)
83,844
7,153,420
7,153,420
14,172,267

Other fixed asset investments relate to;

The Other Fixed Asset Investments is measured at fair value at each reporting date. Fair value is attributed on the basis of valuations carried out by independent valuers. The Trustees review this valuation annually with any changes in the fair value being recognised under the heading 'Gains/(losses) on investments' in the Statement of Financial Activities incorporating income and expenditure account.

Page 43

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15.
Stocks
Finished goods
16.
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
17.
Current asset investments
Listed investment held for sale
Investment property held for sale
Please see Note 28 for further information.		 2024
£
17,484
2024
£
22,234
57,708
239,545
319,487
2024
£
310,000
6,750,000
7,060,000		 2023
£
17,484
2023
£
13,724
78,664
167,155
259,543
2023
£
-
-
-

Page 44

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

18. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income
Deferred income at 1 January
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 December		 2024
£
191,232
26,404
17,077
169,500
404,213
2024
£
236,087
112,363
(236,087)
112,363		 2023
£
158,320
15,887
34,413
272,299
480,919
2023
£
755,596
236,087
(755,596)
236,087

At 31 December 2024, deferred income was recognised for income received during the financial year for projects taking place in the year ended 31 December 2025.

19. Creditors: Amounts falling due after more than one year

2024 2023
£ £
Other creditors 5,883 -

Page 45

(A Company Limited by Guarantee)

A.M. QATTAN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

20. Provisions

At 1 January 2024
Additions
Amounts used
Exchange differences		 Severance
pay
£
1,185,394
139,082
(158,923)
20,223
1,185,776		 Provident
pay
£
855,927
197,257
(168,557)
15,474
900,101		 Total
£
2,041,321
336,339
(327,480)
35,697
2,085,877

Severance pay

The Foundation in Palestine provides for its employees' severance pay according to the prevailing labour law.

Provident fund

The Foundation in Palestine contributes to the employees' provident fund.

Page 46

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

21. Statement of funds

Statement of funds - current year

Unrestricted funds
UK branch
Restricted funds
UK branch
Palestine branch
Total of funds		 Balance at 1
January
2024
£
14,444,662
206,253
25,067,766
25,274,019
39,718,681		 Income
£
866,522
11,899
3,891,213
3,903,112
4,769,634		 Expenditure
£
(950,918)
(2,795)
(4,003,359)
(4,006,154)
(4,957,072)		 Gains/
(Losses)
£
183,771
-
(268,648)
(268,648)
(84,877)		 Balance at
31
December
2024
£
14,544,037
215,357
24,686,972
24,902,329
39,446,366

Restricted grants and donations to the UK Branch received during the year were for specific exhibitions and their accompanying education and outreach programmes.

On 29 April 1998, A.M. Qattan Foundation - Palestine was established as a branch of A.M. Qattan Foundation for the specific purposes of managing the Foundation's work in Palestine and the projects being carried on out there.

The funds held by the branch are therefore treated as a separate restricted fund in the accounts of the Foundation in accordance with the treatment prescribed in the Charities SORP.

Page 47

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

21. Statement of funds (continued) Statement of funds - prior year

Unrestricted funds
UK branch
Restricted funds
UK branch
Palestine branch
Total of funds		 Balance at
1 January
2023
£
15,815,279
245,394
30,711,832
30,957,226
46,772,505		 Income
£
291,531
8,213
2,093,325
2,101,538
2,393,069		 Expenditure
£
(812,307)
(47,354)
(7,423,018)
(7,470,372)
(8,282,679)		 Gains/
(Losses)
£
(849,841)
-
(314,373)
(314,373)
(1,164,214)		 Balance at
31
December
2023
£
14,444,662
206,253
25,067,766
25,274,019
39,718,681

Page 48

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

22.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2024
£
Tangible fixed assets
3,547,358
Fixed asset investments
2,161,351
Current assets
9,245,424
Creditors due within one year
(404,213)
Creditors due in more than one year
(5,883)
Provisions for liabilities and charges
-
Total
14,544,037
Analysis of net assets between funds - prior year
Unrestricted
funds
2023
£
Tangible fixed assets
3,540,961
Fixed asset investments
8,994,697
Current assets
2,389,923
Creditors due within one year
(480,919)
Provisions for liabilities and charges
-
Total
14,444,662		 Restricted
funds
2024
£
19,880,029
4,992,069
2,116,108
-
-
(2,085,877)
24,902,329
Restricted
funds
2023
£
20,577,609
5,177,570
1,560,161
-
(2,041,321)
25,274,019		 Total
funds
2024
£
23,427,387
7,153,420
11,361,532
(404,213)
(5,883)
(2,085,877)
39,446,366
Total
funds
2023
£
24,118,570
14,172,267
3,950,084
(480,919)
(2,041,321)
39,718,681

Page 49

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

23. Reconciliation of net movement in funds to net cash flow from operating activities

Net (expenditure)/income for the period (as per Statement of
Financial Activities)
Adjustments for:
Depreciation & impairment charges
13
Loss/ (gain) on investments
14
Investment income
5
Loss on the disposal of fixed assets
13
(Increase)/ decrease in debtors
16
Decrease in creditors
18
Increase/ (decrease) in provisions
20
Foreign exchange adjustment on fixed assets
13,14
Foreign exchange movement
Net cash provided (used in)/by operating activities
24.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
25.
Analysis of Net Debt
At 1
January
2024
£
Cash at bank and in hand
3,673,057
Current asset investments
-
3,673,057		 2024
£
(272,315)
1,118,915
84,877
(380,119)
3,020
(59,944)
(70,823)
44,556
(447,295)
(5,975)
14,897
2024
£
3,964,561
3,964,561
Cash flows
£
291,504
7,060,000
7,351,504		 2023
£
(7,053,824)
1,564,905
1,161,550
(515,615)
5,563
597,955
(479,670)
(245,927)
1,536,204
(283,189)
(3,712,048)
2023
£
3,673,057
3,673,057
At 31
December
2024
£
3,964,561
7,060,000
11,024,561

Page 50

A.M. QATTAN FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

26. Operating lease commitments

At 31 December 2024 the Foundation had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2024
£
1,526
5,364
6,890		 2023
£
-
-
-

The following lease payments have been recognised as an expense in the Statement of Financial Activities:

2024 2023
£ £
Operating lease rentals 1,526 -

27. Related party transactions

The Foundation was established by the late Abdul Mohsin and Leila Al-Qattan, and by their four children, who continue to be its sole Members (in addition to one grand-child, also named Leila). Members of the Al-Qattan family also provide some of the Foundation’s financial support. Members have no involvement in operational matters and only approve annual budgets based on the recommendations of the Board of Trustees, which has sole oversight over annual plans and operations. Members may also appoint Trustees (based on the recommendations of the Board’s Nominations and Appointment Subcommittee) and any new Members must also be approved by the Board of Trustees. The Board of Trustees may not comprise more than two Members, who must form a minority of Trustees.

A legally and operationally separate body named the Al-Qattan Charitable Trust was settled by the late Abdul Mohsin Al-Qattan in Jersey. The Trust was endowed to support the Foundation’s core expenses, as well as other similar charitable causes, from its annual income and it is governed by an independent investment board under the management of a Jersey Trust Company.

Contribution from Al Qattan Charitable Trust - Jersey
Restricted contribution from Omar Al-Qattan
Restricted contribution from Leenah Al-Qattan - Curatorial Unit
Restricted contribution from Leenah Al-Qattan - Public Programme
Restricted contribution from Omar Al-Qattan - New Building Facilities
Unrestricted contribution from Omar Al-Qattan - The Orange Tree Trust		 2024
£
2,890,293
719,121
-
234,687
-
25,000
3,869,101		 2023
£
947,197
-
241,274
-
66,727
-
1,255,198

Page 51

(A Company Limited by Guarantee)

A.M. QATTAN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

28. Post balance sheet events

After the year end, a total of £320,000 was liquidated from the AMQF investment portfolio with Sarasin.

After the year end, the Academy Gardens Apartment, which is included within investment properties, was sold.

Page 52