ANNUAL REPORT & FINANCIAL STATEMENTS for the year ended 31 July 2024
REGISTERED COMPANY NUMBER: 05273829 {England and Wales) REGISTERED CHARITY NUMBER: 1107219 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 Jul 2024 for Quest For Learnin Chapman Robinson and Moore Limited 30 Bankside Court Stationfields Kidlington Oxford OX5 IJE
uest For Learnin Contents of the Financial Statements for the Year Ended 31 Jul 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10 to 18 Detailed Statement of Financial Activities 19 to 20
uest For Learnin Re ort of the Trustees for the Year Ended 31 Jul 2024 The Trustees/Directors of Quest for Learning are pleased to present their report together with the financial statement of the company for the year ended 31 July 2024. Legal and administrative information set out in this document forms part of this Report. The financial statements comply with current statutory requirements, the Trust Deed and applicable law and Statement of Recommended Practice- Accounting and Reporting by Charities 2015. OBJEcfivES AND ACTIVITIES Objert5 The Charity's objects are to promote the educational potential and achievement of children under the age of 16 experiencing basic diff iculties with literacy and numeracy by the provision of an educational support service delivered within schools and supporting learning in the home: and by the provision of training programmes for school teaching and support staff, trainee teachers and corporate volunteers involved in improving the literacy and numeracy skills of pupils. Public benefit The Trustees have referred to Charity Commission guidance on public benefit when delivering the work of the Charity and discharging their duties as Trustees. Our main activities and our target beneficiaries are described below. All our charitable activities focus on developing the educational potential of children under the age of 16 who are experiencing basic difficulties in literacy and numeracy, and are undertaken to further our charitable purposes for the public benefit. Page I
uest For Learnin Re ort of the Trustees for the Year Ended 31 Jul 2024 ACHIEVEMENTS AND PERFORMANCE Charitable artivities This past year. Quest for Learning proudly supported 550 children across 16 primary schools in Oxfordshire, providing 7,300 hours of dedicated tutoring. This is a reduction of 27°A due primarily to the winding down of the National Tutoring Programme INTP) and associated available funding in year four of the programme. Despite the financial challenges, our commitment to the most disadvantaged children-25% of whom were on free school meals and 30Y. did not have English as their first language-has remained. Our programmes continued to deliver significant impart and exceptional results. On average. children achieved progress equivalent to 19 months in their reading and maths skills after just 10 weeks of tuition, with class teachers and school leaders noting increased classroom participation and interaction, a willingness to try new things. better concentration and patience. and more engagement with classmates as the primary improvements. Beyond these tangible gains, we have witnessed remarkable improvements in pupils, confidence and reductions in anxiety, both in school and at home. These children are now better equipped to contribute in class. and in many cases this creates a positive ripple effect within families, where education becomes more valued and supported. As a result of these ongoing successes, several partner schools have formally integrated Quest for Learning support into their reading strategies, earning praise from Ofsted for doing so. The transformative power of Quest for Learning's interventions are not just addressing the challenges children face today,. they set children up for long-term success in education. Evidence from our partner schools tells US that the benefits of our interventions continue throughout primary school, with children who were previously falling behind continuing to meet their expected reading age in year 6, several years after participating in a Quest for Learning programme. Furthermore, by addressing learning gaps early on, Quest for Learning interventions act as a crucial and cost-effective preventative measure. helping children who face being left behind build boost skills, stay engaged and avoid the disillusionment that can arise in education beyond primary school. These short, expert interventions not only enhance educational outcomes in the short term but also reduce the need for more expensive. long-term education and mental health interventions in secondary school and beyond, creating a lasting positive impact both for pupils. their families and communities, as well as reducing the need for further public spending. While we celebrate these successes, they come against a backdrop of growing financial pressures and evolving educational needs. With approximately 4,500 children in Oxfordshire facing economic deprivation just one of several indicators of deprivation that may impact a child's life Quest for Learning's mission has never been more vital. Our commitment to providing life-changing literacy and numeracy interventions remains firm. A year of renewal and resilience: Navigating challenges and building the future The year has marked a period of significant change and reflection for Quest for Learning. as we navigate an increasingly challenging landscape while renewing our obligation to the children and schools we work with. The external pressures on the education sector have never been more pronounced, with the end of the NTP and tightening school budgets placing additional strain on the resources available to support children's learning. However. we are focused on building a future of sustainable growth. innovation, and continued impact in collaboration with our partner schools. Page 2
uest For Learnin Re ort of the Trustees for the Year Ended 31 Jul 2024 ACHIEVEMENTS AND PERFORMANCE (continued) Charitable activities Facing external challenges The funding challenges for schools and Quest for Learning leaves a significant gap that has forced both sides to reassess operations, and next year we anticipate sUPPOrting fewer children as schools struggle to fund additional support even several years after the pandemic. The reality is that disadvantaged children in Oxfordshire were struggling even before Covid. and for many the catch up is Still only just beginning. Strategic development for a sustainable future In response to these external pressures, Quest for Learning is embarking on a journey of renewal. With a new Executive Director joining in March. we have taken decisive steps to secure the future of our charity and the vital SeiCe5 we provide. These include a revamping of our programme offerings to meet the evolving needs of children and ensure affordability for schools, and a review of our resourcing to al ign with demand. With a renewed focus on financial sustainability post-NTP, we have begun to diversify our income streams by building stronger relationships with corporate partners and funders. This strategic pivot will not only safeguard the future of Quest for Learning but also strengthen our ability to serve even more children in the years to come. Looking ahead: securing the future for children While the challenges we have faced this year are significant, they also present opportunities for transformation. As we approach the 30th anniversary of Quest for Learning in 2025 and the 10th anniversary of our Numskills maths programme at the end of 2024. we are excited about the future. Our vision is to become a leading voice of influence and a catalyst for change in the communities we serve, continuing to develop innovative programmes and change the lives of children who need us. With the support of our funders, partners, and the community, we are confident that Quest for Learning will emerge from this period a resilient and sustainable organisation continuing to play a leading role in making an even greater impact in the years to come. FINANCIAL REVIEW Financial position At the end of the year, the charity had cash and bank reserves of £92,61112023 £165,467). Reserves policy Our policy is to hold suff icient reserves to allow us to meet our obligations for a period of up to 6 months in the event of the winding up of the charity. This level has been approved by the trustees taking into consideration economic factors and the funding climate and is reviewed regularly. Funds in deficit There were no funds in deficit at the year end. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document Quest for Learning is a charitable company limited by guarantee (registered charity number 1107219: registered company number 05273829). It was first registered as a company and a charity in 2004 under Page 3
uest For Learnin Re ort of the Trustees for the Year Ended 31 Jul 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT (continued) Governing document the name Reading Quest. It changed its name in 2016 to Quest for Learning GB Limited and again to Quest for Learning on 4 February 2021. The charity is governed by Articles of Association which were most recently updated on 20th June 2021. Meetings The Trustees/Directors meet at least once every quarter. Recruitment and appointment of new Trustees/Directors The Trustees/Directors of the Charity are appointed according to the rules detailed in the Articles of Association. and new Trustees will be recruited and inducted on the basis of the skills that they contribute to the Charity's work. Structure Quest for Learning is a company limited by guarantee through which it delivers its charitable purposes. All employees of Quest for Learning are employed dirertly by the Charity. The Charity is governed by a Board of Trustees. led by the Chair. Roger Copleston. a Senior Management Consultant with over 20 years experience working with global Fortune 500 organisations. The present Board continues to commit considerable time and expertise to overseeing the future strutture and strategies of the charity, including through the creation of steering groups to consider financial matters, strategic direction and fundraising. The Board has experience in general management, education. educational research, educational special needs, financial and professional services, strategic development, school senior management, marketing, project management. quality assurance. charity law. and human resources. The day-to-day operations are undertaken by Executive Director, Mr. Chris Higgins, who was appointed to that position on 5 March 2024. Previously. Ms. Sian Renwick. who joined the Charity in November 2018. acted as Executive Director until she resigned on 28 February 2024. Support is provided by Chair and Deputy Chair, Roger Copleston and Kimberley Rose, respectively. In terms of financial guidance, the Charity is assisted by Mr. Tony Hobbs. Managing Director of Chapman, Robinson and Moore, and by Al Bookkeeping & Payroll SeNices Ltd, both of Kidlington, Oxfordshire. On legal matters, assistance comes from Ben Brice of BDB Pitmans. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05273829 (England and Wales) Registered Charity number 1107219 Registered office Thameside Primary School Cotman Close Abingdon Oxfordshire OX14 5NL Page 4
uest For Learnin Re ort of the Trustees for the Year Ended 31 Jul 2024 Trustees B J L Brice LLB LPC, Lawyer R G Copleston ACMA. CGMA. Accountant K W Senior FCA, LLB Retired Accountant E H Wells Marketing Consultant S Broadbent Bmus IHons}, PCGE. Retired Headteacher A Hammond (resigned 271912023) K Rose MCIPD, Human Resources J Veness Head of School (appointed 22/512024) Independent Examiner Tony K. Hobbs FCCA Chapman Robinson and Moore Limited 30 Bankside Court Stationfields Kidlington Oxford OXS IJE Approved by order of the board of trustees on 16 December 2024 and signed on its behalf by: R G Copleston- Trustee Page 5
Inde endent Examiner's Re uest For Learnin ort to the Trustees of Independent examiner's report to the trustees of Quest For Learning ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 20111'the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe- accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act- or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination: or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Tony K. Hobbs FCCA The Association of Chartered Certified Accountants Chapman Robinson and Moore Limited 30 Bankside Court Stationfields Kidlington Oxford OX5 IJE 16 December 2024 Page 6
uest For Learnin Statement of Financial Activities for the Year Ended 31 Jul 2024 31/7124 Total funds 3117123 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 22,206 113,888 136,094 110,920 Charitable activities Trading 15.852 Income from charitable activities - Trading attivities Investment income 81.307 363 81.307 363 198,903 156 Total 103,876 113,888 217,764 325,831 EXPENDITURE ON Raising funds 24,943 24,943 10,084 Charitable activities Trading 234.184 25.483 259,667 303,665 Total 259,127 25,483 284,610 313,749 NET INCOME/(EXPENDITURE) Transfer5 between funds (155,2511 91.762 88,405 191.7621 166,8461 12,082 12 Net movement in funds 163.4891 13.3571 166,8461 12,082 RECONCILIATION OF FUNDS Total funds brought forward 131.730 26,154 157,884 145,802 TOTAL FUNDS CARRIED FORWARD 68,241 22,797 91,038 157,884 The notes form part of these financial statements Page 7
uest For Learnin Balance Sheet 31 Jul 2024 31/7124 Total funds 3117123 Total funds Unrestricted Restricted fund funds Notes FIXED ASSETS Intangible assets Tangible assets 22.426 371 22,426 1,546 25,397 3,260 1,175 1,175 22,797 23,972 28,657 CURRENT ASSETS Debtors Cash at bank and in hand io 46 165,467 76.426 16.185 92,611 76.426 16,185 92,611 165.513 CREDITORS Amounts falling due within oneyear li 19.360) 116,1851 125.5451 136,2861 NET CURRENT ASSErs 67,066 67,066 129,227 TOTAL ASSETS LESS CURRENT LIABILITIES 68.241 22.797 91,038 157,884 NET ASSErs 68.241 22,797 91.038 157,884 FUNDS Unrestricted funds Restricted funds 12 68,241 22,797 131,730 26.154 TOTAL FUNDS 91,038 157.884 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006. The notes form part of these financial statements Page 8 continued...
uest For Learnin Balance Sheet - continued 31 Jul 2024 The trustees acknowledge their responsibilities for- al ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and: b} preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each fi nancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2(M)6 relating to financial statements. so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies, regime. The financial statements were approved by the Board of Trustees and authorised for issue on 16 December 2024 and were signed on its behalf by: R G Copleston- Trustee The notes form part of these financial statements Page 9
uest For Learnin Notes to the Financial Statements for the Year Ended 31 Jul 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 '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 l FRS 1021 {effective l January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation com mitting the charity to that expenditure. 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Computer software Website development costs and the costs of the online library system have been capitalised in the year and are being amortised evenly over a 10 year period. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 25% on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting U nrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 10 continued...
uest For Learnin Notes to the Financial Statements - continued for the Year Ended 31 Jul 2024 ACCOUNTING POLICIES- continued Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. INCOME FROM CHARITABLE ACTIVITIES - TRADING AcfiviTIES 31/7124 31/7123 Numeracy teaching Miscellaneous fundraising Literacy teaching 18,688 396 62,223 42,967 3,964 151,972 81,307 198,903 INVESTMENT INCOME 3117124 31/7123 Bank interest receivable 363 156 INCOME/(EXPENDITURE) Net income/{expenditure) is stated after charging/lcrediting): 31/7124 3117123 Depreciation - owned assets Computer software amortisation 1,714 2,971 1.725 3,281 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023. Trustees, expenses There were no trustees. expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023. Page 11 continued...
uest For Learnin Notes to the Financial Statements - continued for the Year Ended 31 Jul 2024 STAFF COSTS The average monthly number of employees during the year was as follows- 31/7124 31/7123 Administration - full time staff Part time staff - administration Part time staff - teaching 19 19 25 25 No employees received emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 37,918 73,002 110,920 Charitable activities Trading 15,852 15,852 I ncome from charitable activities - Trading activities Investment income 198,903 156 198,903 156 Total 236.977 88.854 325,831 EXPENDITURE ON Raising funds 10,084 10,084 Charitable activities Trading 236,463 67,202 303,665 Total 246,547 67,202 313,749 NET INCOME/(EXPENDITURE) Transfers between funds 19,5701 19,920 21,652 119,920) 12,082 Net movement in funds 10,350 1,732 12,082 RECONCILIATION OF FUNDS Total funds brought forward 121,380 24,422 145,802 Page 12 continued...
uest For Learnin Notes to the Financial Statements - continued for the Year Ended 31 Jul 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restritted fund funds Total funds TOTAL FUNDS CARRIED FORWARD 131,730 26.154 157,884 INTANGIBLE FIXED ASSErs Computer software COST At l August 2023 and 31 July 2024 31,264 AMORTISATION At l August 2023 Charge for year 5,867 2,971 At 31 July 2024 8.838 NET BOOK VALUE At 31 July 2024 22,426 At 31 July 2023 25,397 TANGIBLE FIXED ASSErs Fixtures and fittings COST At l August 2023 and 31 July 2024 6,897 DEPRECIATION At l August 2023 Charge for year 3,637 1,714 At 31 July 2024 5,351 NET BOOK VALUE At 31 July 2024 1.546 At 31 July 2023 3.260 Page 13 continued...
uest For Learnin Notes to the Financial Statements - continued for the Year Ended 31 Jul 2024 10. DEBTORS: AMOUNTS FAWNG DUE WITHIN ONE YEAR 31/7124 31/7123 Prepayments and accrued income 46 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3117124 31/7123 Trade creditors Social security and other taxes Other creditors Deferred income Pension fund Accrued expenses 141 2,144 2,035 4,995 16.684 697 1,134 32,364 734 901 25,545 36,286 12. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 3117/24 At 118/23 Unrestrirted funds General fund 131.730 (155.2511 91.762 68,241 Restricted funds St Michael's and All Saint's Charities Robert and Margaret Moss Charitable Trust Tambour Foundation Lifelines International The Angus Lawson Memorial Trust Step Change Makers of Playing Cards 1.700 11.7001 850 15,645 59,965 13,863 (3,3571 {2611 18501 (15.6451 159,9641 113,8631 26,154 22,796 261 26,154 88,405 {91,7621 22,797 TOTAL FUNDS 157.884 (66.846) 91,038 Page 14 continued...
uest For Learnin Notes to the Financial Statements - continued for the Year Ended 31 Jul 2024 12. MOVEMENT IN FUNDS- continued Net movement in funds. included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 103.876 {259.1271 {155.251) Restricted funds St Michael's and All Saint's Charities Doris Field Charitable Trust Robert and Margaret Moss Charitable Trust Tambour Foundation Lifelines International The Angus Lawson Memorial Trust Step Change Abingdon Lions Makers of Playing Cards Warburtons 1.700 I,c(Jo 1.700 {I,000} 850 15,645 74,922 16,088 2.999 300 {161 400 850 15,645 59,965 13,863 {3.3571 (14.9571 (2.225} (6.356} 13001 12451 14001 12611 113,888 {25,483) 88,405 TOTAL FUNDS 217,764 {284,6101 {66,846) Page 15 continued...
uest For Learnin Notes to the Financial Statements - continued for the Year Ended 31 Jul 2024 12. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers between funds At 31/7123 At 118/22 Unrestricted funds General fund 121,380 19,5701 19,920 131,730 Restricted funds St Michael's and All Saint's Charities Robert and Margaret Moss Charitable Trust Tambour Foundation Cottsway Housing Association GreenHall Foundation Brian Murtagh Charitable Trust The Angus Lawson Memorial Trust Step Change Didcot Power House Fund The Shanly Foundation DCR Allen Charitable Trust Lifelines Sundry 300 {3001 188 150 4,578 251 32 2.766 1,079 1.732 1.233 338 1.500 7,694 (i) 13381 {4,5781 {2511 1321 {2.7661 11,0791 188 11,2331 (3381 11.5001 {7.6941 24.234 26.154 24.422 21,652 {19.9201 26,154 TOTAL FUNDS 145.802 12,082 157,884 Page 16 continued...
uest For Learnin Notes to the Financial Statements - continued for the Year Ended 31 Jul 2024 12. MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 236.977 {246.5471 19.5701 Restricted funds St Michael's and All Saint's Charities Robert and Margaret Moss Charitable Trust Mr & Mrs J A Pye's Charitable Settlement Sara h Nowell Education Foundation The Hobson Charity University of Oxford Tambour Foundation Cottsway Housing Association 300 300 150 150 I,IKIO 1.000 2.252 soo 4,578 1.671 {i.0001 ii.i)001 {2.2521 15001 4,578 251 {1.4201 GreenHall Foundation Brian Murtagh Charitable Trust Postcode Society Trust The Angus Lawson Memorial Trust Step Change Didcot Power House Fund The Shanly Foundation DCR Allen Charitable Trust Ocado For Good Invesco Cares Foundation Abingdon Lions Lifelines Makers of Playing Cards Sundry 4.C(JO 2.766 2,259 8,249 15,852 10.557 2,250 10.000 997 3,000 299 15,158 2,017 {ii 13.9681 32 2.766 12,2591 {7,1701 (14.1201 19.3241 11,9121 18.5001 {9971 (3,0001 12991 17,4641 12,0171 1,079 1.732 1.233 338 1.500 7,694 (i) 88,854 167,202) 21,652 TOTAL FUNDS 325.831 {313.7491 12.082 Page 17 continued...
uest For Learnin Notes to the Financial Statements - continued for the Year Ended 31 Jul 2024 13. RELATED PARTY DISCLOSURES There were no related party transactions for the yearended 31 July 2024. Page 18