COMPANY REGISTRATION NUMBER: 07030880 CHARITY REGISTRATION NUMBER: 1134734 Arab Scientific Community Organisation Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 R C PATEL FCA Independent Examiner 7 Redbridge Lane East Redbridge, Ilford Essex IG4 SET
Arab Scientific Community Organisation Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Arab Scientific Community Organisation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and administratlve details Reglstered charfty name Arab Scientific Community Organisation Charity reglstratlon number 1134734 Company reglstration number 07030880 Principal offlce and reglstered 7 Redbridge Lane East office Ilford Essex IG4 SET The trustees Dr M Al-Rabban Prof R Rashed Company secretary Dr M Al-Rabban Independent examlner R C Patel, FCA 7 Redbridge Lane East Redbridge, Ilford Essex IG4 SET Structure. governance and management Arab Scientific Community Organisalion is a company limited by guarantee governed by ils Memorandum and Articles of Association dated 20 July 2009 and last amended on 3Q October 2017. 11 is registered as a charily with the Charity Commission. The charity is struclured along ihe following lines.. 11 A Board of Trustees comprising the Subscribers lo the Memorandum of Association and other pelsons appointed as directors. A person ceasing to be a director shall cease to be a trustee. 21 Management and administration of Ihe charity is under the control of the Director General and the Chairman of the Board of Trustees. Trustees The Trustees are appointed for Ilfe. When the need arises. new trustees would be appointed by Ihe current trustees.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) l¢ontlnuedl Year ended 31 December 2024 Structure, governance and management (continued) Trustee Induction and tralnlng New trustees are briefed on their legal obligations under charity and company law, the content of Ihe Memorandum and Articles of Association, Ihe committee and the decision making processe5 and recent and projected financial performance of the charity. Rlsk Management The truslees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place lo monitor and control these risks to mitigate any impact they may have on its activities. Objectives and actlvltles The objects for which the charity is established are to advance scientific knowledge for the benefit of the public within the Arab scientific communily.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcontlnuedj Year ended 31 December 2024 Achlevements and performance Introduction 2024 marked a transformative year for ARSCO-Ihe Arab Scientific Research Organization as we deepened regional collaboration, expanded the fronliers of scientific inquiry, and advanced knowledge dissemination across the Arab world. Working closely with our partners in academia, governmenl, and civil sociely, ARSCO look bold steps lo address critical challenges and create plalforms for impaclful dialogue and innovalion. This report outlines our key achievements for the year. reflecting our steadfast commilmenl to promoting science for development, resilience, and societal progress. 1. Sclentlllc Workshops & Conferences ARSCO organized and conlribuled to a series of high-impacl scienlffic events in 2024, addressing urgent regional priorities and facilitating cross-border knowledge exchange. Workshops February 26. Doha, Qalar.. 'Towards a Smart Arab Citv, December 15. Doha, Qalar: 'The Role of Science in Disaster Management and Mitigation in the Arab World" Virtual Seminars Conducted 6 specialized webinars via Zoom, featuring regional experts across various scientific fields. International Participation ARSCO actively participated in four major global conferences: 1 sl Artificial Intelligence Conference- Nouakchott, Mauritania Arab Forum for Scientific Research and Sustainable Development, Tunisia UNESCO Regional Forum on Open Science Mohammed V University, Morocco High-Level International Conference on Scientific Diplomacy- League of Arab States, Cairo 2. ARSCO Sclentiflc Awards In 2024, ARSCO proudly recognized oulslanding research contributions through two prestigious awards.. 2023 ARSCO Award - "Towards a Smart Arab City. (awarded February 26, 2024} Dr. Ihab Hijazi {Palestine) Dr. Firas Al-Asali (Jordan) Dr. Baha Al-Din Youssef Belmakl {AlgerialSaudi Arabia} 2024 ARSCO Award-"Disasler Management and Miligalion" (awarded December 15, 2024) Dr. Adel Al-salhi (Morocco) These awards not only celebrale scientific excellence but also highlight research with dlrecl impact on regional development and resllien¢e. 3. Knowledge Disseminatlon & Digltal Initiatlves ARSCO continued lo expand ils knowledge-sharing infraslruclure through publications, digital platforms. and public engagement: E-Publishing & Academic Output.. Published two issues of the Arabian Journal for Scientific Research IAJSR), which has now been indexed In Scopu5 and other international databases.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢ontlnued) Year ended 31 December 2024 Translated and published.. "Rushdi Rashed: An Introduction lo His Thought and Works" by Dr. Hussein Ma50umi Hamedani Released a series of influentl81 studies= Highly Cited Researchers- Moza Al-Rabban Drones.. Technology, Services, Research, and Trends- Moza Al- Rabban Towards Ihe Formation of an Arab Scienlific Community- A. Zahlan Community Inlegralion and Palestinian Higher Educalion Institutions - Sami Al-Kilani Arabic Edition of Archimedes, The Area of a Circle- Roshdi Rashed 4. Strategic Partnershlps & Internatlonal Cooperallon Slrenglhening institutional lies was a major focus this year. Notable milestones included Memorandums of Understanding IMoUsl= With the College of Sciences and Technology in Nouakcholt, Mauritania (February 29, 2024) With Ihe Abdullah bin Idris Cultural Center in Saudi Arabia (April 30, 2024} Global Engagement Hosted a delegation from Beihang University {China} lo explore joint initiatives in space science and technology. These collaborations reflect ARSCO'S expanding international footprint and commitment lo global scientific diplomacy. 5. Public Engagement & Outreach ARSCO sustalned its efforts to connect with wider audiences and foster a science-literale sociely.. Di Dgilal Communication Regular weekly newsletters and themed bulletins on scientific developments. ARSCO'S online platforms (website, Facebook, X, YouTube, IMialsApp,Sound Cloud} reached hundreds of thousands, delivering.. Scienlomelric insights into Arab research oulpul Simplified science articles for public understanding Scientific studies and research of interest lo the Arab reader. Scientific lectures and InleNiews. Conclusion & Outlook 2024 was a year of meaningful progress and strategic growth for ARSCO. By linking research excellence lo societal needs, we have reinforced our role as a regional catalyst for sclenlific advancement and cooperation. As we head inlo to 2025, ARSCO remains deeply committed lo: Supporting innovative, interdisciplinary research Encouraging open s¢ience and digital transformation Building a strong, inclusive Arab scientific community We exlend our sincere gratitude lo our dedicaled partners, researchers, and supporters who made these accomplishments possible. Together, we will continue building a future where science empowers progress. resilience, and unity across Ihe Arab world.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (conllnued) Year ended 31 December 2024 Financial review The results for the year are indicated on the Statement of Financial Activities on page 5. Reserves The charity is dependent upon the support of ils well wishers. 11 is the trustees, intention to build up reserves to a level which will permit continuation of the charity's activities for a period of al least 9 to 12 months without seeking further contributions or donations. Plans for future perlods ARSCO will continue its main activity of providing a platform for the advancement and exchange of scientific knowledge within the Arab scientific community. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on trustees by.. and signed on behalf of the board of Dr M Al-Rabban Trustee
Arab Scientific Community Organisation Company Limited by Guarantee Independent Examiner's Report to the Trustees of Arab Scientific Community Organisation Year ended 31 December 2024 I report to the trustees on my examination of the financial statements of Arab Scientific Community Organisation {'the charity,) for the year ended 31 December 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Acl 20061'lhe 2006 Act'i. Havlng satisfied myself that the accounts of the company are nol required lo be audiled under Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination of the charity's accounts as carried oul under section 145 of the Charities Act 2011 I'the 2011 Acl.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{51{bl of Ihe 2011 Act. Independent examinerfs statement I have completed my examinalion. 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 charity as required by section 386 of the 2006 Act- or the financial statements do nol accord with those records.. or the financial slalemenls do nol comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which is not a maller considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Slatemenl of Recommended Pracllce 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 {FRS 1021. I have no concerns and have come across no other mallers in connection with the examlnation to which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. R C Patel, FCA Independent Examiner 7 Redbridge Lane Easl Redbridge, Ilford Essex IG4 SET
Arab Scientific Community Organisation Company Limited by Guarantee Statement of Flnancial Activities {in¢luding income and expenditure account) Year ended 31 December 2024 2024 Unrestricted funds Total funds 2023 Total funds Not8 Income and endowments Donations and legacies Total income 244,461 244,461 244,461 232,669 244.461 232,669 Expenditure Expenditure on charitable activities Total expenditure 246.034 246,034 232,163 246,034 246,034 232.163 Net {expendlture)lincome and net movement In funds 11,573) 11,573) 506 Reconciliation of funds Total funds brought fotward Total funds carried forward 8,178 8,178 6,605 7,672 8,178 6,605 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pages 9 to 13 form part of the$9 financlal statements.
Arab Scientific Community Organisation Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Current assets Debtors 12 8,227 11,061 Creditors: amounts falling due within one year Net current assets 13 1,622 2,883 8,178 6,605 Total assets less current Ilabilities 6,605 8.178 Net assets 6.605 8,178 Funds ofthe charlty Unrestricted funds 6,605 6,605 8,178 Total charity funds 14 8,178 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2008 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records ar)d the preparation of financial statements. These financial statements have been prepared in accordance wlh the provisions applicable to companies subject lo the small companies, regime. These financial statements were approved by the board of trustees and aulhorised for issue on and are signed on behalf of the board by.. Dr M Al-R8bban Trustee The notes on paggs 9 to 13 forni part of these flnancial ststsments.
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office 1$ 7 Redbridge Lane East, Ilford. Essex IG4 SET. statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Slandard applicable in the UK and Ihe Republic of Ireland,, the Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP {FRS 10211 and the Companies Act 2006. Accountlng policies Currency designation These accounts are presented in US dollars. Exchange rale at 31 December 2023= US$1 Qatari Riyal 3.62 {31 December 2022- QR 3.621 Basls of preparation The financial slalements are prepared in US dollar, which is the functional currency of the entity. Golng con¢ern There are no material uncertainlies about the charity's ability lo continue. Judgements and key sources of estlmatlon un¢ertainty The preparation of the financial statements requires management to make judgements, eslimales and assumptions Ihal affect Ihe amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, induding expectations of future events that are believed to be reasonable under the clrcumstances. Fund accountlng Unrestricted funds are available for use at the discrelion of the Iiuslees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future projecl or commitment. Restricted funds are subjected to festriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income lunds or endowmenl funds.
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements (contlnuedl Year ended 31 December 2024 Accountlng pollcSes {¢onllnuedJ Incoming resources All incoming resources are included in the stalemenl of financial activities when enlillement has passed to the charity.. il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement lo Ihe gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt 15 probable and entitlemenl is eslablished. income from donated goods is measured at the fair value of the goods unless Ihis is impfaclical lo measure reliably. in which case the value is derived from Ihe cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received if Ihe value can be reliably measured. No amounts are included for the contribution of general volunteers. income from conlracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unreslrlcted funds unless there is a contractual requiremenl for it to be spent on a particular purpose and relurned if unspenl, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and Is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising aclivilies, events, non-charilable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charily in undertaking activities that furiher ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned lo charitable activities. other expendilure includes all expenditure Ihal is neither related lo raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs atlrlbutable lo a single activity are allocated directly to that aclivily. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Limlted by guarantee Members. liability is limited to UK £1 per member. 10
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedJ Year ended 31 December 2024 Donations and legacles Unreslricled Total Fund$ Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons Donations and conlributions 244,461 244,461 232,669 232,669 Expendlture on charitable activities by fund type UnTeslricted Total Funds Unreslricted Total Funds Funds 2024 Funds 2023 Research aclivily Support costs 244,681 1,353 244,681 1,353 246,034 230,226 1,937 230,226 1,937 232,163 246,034 232,163 Expenditure on charltable actlvltles by actlvity type Activilies underlaken directly Support costs Total funds 2024 Total fund 2023 Research activity Governance costs 244.681 244,681 1,353 246,034 230,226 1,937 1,353 244.681 1,353 232,163 Analysis of support costs Analysis of support costs aclivily 1 Total 2024 Total 2023 1,937 Governance costs 1,353 1,353 Independent examlnation fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,353 1,937 11
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 December 2024 10. Staff costs The total slaff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries 150,586 136.077 The average head count of employees during the year was 512023= 51. The average number of full-time equivalent employees during the year is analysed as follows.. 2024 2023 No. IT staff Research assislants No employee received employee benefits of more than £60,000 during the year {2023: Nill. 11. Trustee remuneratlon and expenses No remuneration or other benefits from employmenl with the charity or a related enlily were received by the truslees. 12. Debtors 2024 2023 Prepayments and accrued income 8,227 11,061 13. Credltors: amounts falllng due wlthin one year 2024 2023 Accruals and deferred income 1,622 2,883 12
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financlal Statements (contlnuedj Year ended 31 December 2024 14. Analysls of charStable funds Unrostrlcted funds At 31 December 2024 Al 1 January2024 Income Expenditure General funds 8.178 244,461 {246,0341 6,605 At 31 December 2023 Al 1 January 2023 Income Expenditure General funds 7,672 232,669 {232,163) 8,178 15. Analysis of net assets beeen funds Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Nel assets 8.227 (1,622) 6.605 8,227 {1,6221 6.605 Unrestricted Total Funds Funds 2023 Current assels Creditors less than 1 year 11.061 (2,883) 8.178 11,061 (2,8831 8,178 Net assets 16. Related partles A donation of $244,461 {2023 - $232.669) was received from Dr M Al-Rabban, one of Ihe trustees. 13-
COMPANY REGISTRATION NUMBER: 07030880 CHARITY REGISTRATION NUMBER: 1134734 Arab Scientific Community Organisation Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 R C PATEL FCA Independent Examiner 7 Redbridge Lane East Redbridge, Ilford Essex IG4 SET
Arab Scientific Community Organisation Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Arab Scientific Community Organisation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and administratlve details Reglstered charfty name Arab Scientific Community Organisation Charity reglstratlon number 1134734 Company reglstration number 07030880 Principal offlce and reglstered 7 Redbridge Lane East office Ilford Essex IG4 SET The trustees Dr M Al-Rabban Prof R Rashed Company secretary Dr M Al-Rabban Independent examlner R C Patel, FCA 7 Redbridge Lane East Redbridge, Ilford Essex IG4 SET Structure. governance and management Arab Scientific Community Organisalion is a company limited by guarantee governed by ils Memorandum and Articles of Association dated 20 July 2009 and last amended on 3Q October 2017. 11 is registered as a charily with the Charity Commission. The charity is struclured along ihe following lines.. 11 A Board of Trustees comprising the Subscribers lo the Memorandum of Association and other pelsons appointed as directors. A person ceasing to be a director shall cease to be a trustee. 21 Management and administration of Ihe charity is under the control of the Director General and the Chairman of the Board of Trustees. Trustees The Trustees are appointed for Ilfe. When the need arises. new trustees would be appointed by Ihe current trustees.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) l¢ontlnuedl Year ended 31 December 2024 Structure, governance and management (continued) Trustee Induction and tralnlng New trustees are briefed on their legal obligations under charity and company law, the content of Ihe Memorandum and Articles of Association, Ihe committee and the decision making processe5 and recent and projected financial performance of the charity. Rlsk Management The truslees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place lo monitor and control these risks to mitigate any impact they may have on its activities. Objectives and actlvltles The objects for which the charity is established are to advance scientific knowledge for the benefit of the public within the Arab scientific communily.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcontlnuedj Year ended 31 December 2024 Achlevements and performance Introduction 2024 marked a transformative year for ARSCO-Ihe Arab Scientific Research Organization as we deepened regional collaboration, expanded the fronliers of scientific inquiry, and advanced knowledge dissemination across the Arab world. Working closely with our partners in academia, governmenl, and civil sociely, ARSCO look bold steps lo address critical challenges and create plalforms for impaclful dialogue and innovalion. This report outlines our key achievements for the year. reflecting our steadfast commilmenl to promoting science for development, resilience, and societal progress. 1. Sclentlllc Workshops & Conferences ARSCO organized and conlribuled to a series of high-impacl scienlffic events in 2024, addressing urgent regional priorities and facilitating cross-border knowledge exchange. Workshops February 26. Doha, Qalar.. 'Towards a Smart Arab Citv, December 15. Doha, Qalar: 'The Role of Science in Disaster Management and Mitigation in the Arab World" Virtual Seminars Conducted 6 specialized webinars via Zoom, featuring regional experts across various scientific fields. International Participation ARSCO actively participated in four major global conferences: 1 sl Artificial Intelligence Conference- Nouakchott, Mauritania Arab Forum for Scientific Research and Sustainable Development, Tunisia UNESCO Regional Forum on Open Science Mohammed V University, Morocco High-Level International Conference on Scientific Diplomacy- League of Arab States, Cairo 2. ARSCO Sclentiflc Awards In 2024, ARSCO proudly recognized oulslanding research contributions through two prestigious awards.. 2023 ARSCO Award - "Towards a Smart Arab City. (awarded February 26, 2024} Dr. Ihab Hijazi {Palestine) Dr. Firas Al-Asali (Jordan) Dr. Baha Al-Din Youssef Belmakl {AlgerialSaudi Arabia} 2024 ARSCO Award-"Disasler Management and Miligalion" (awarded December 15, 2024) Dr. Adel Al-salhi (Morocco) These awards not only celebrale scientific excellence but also highlight research with dlrecl impact on regional development and resllien¢e. 3. Knowledge Disseminatlon & Digltal Initiatlves ARSCO continued lo expand ils knowledge-sharing infraslruclure through publications, digital platforms. and public engagement: E-Publishing & Academic Output.. Published two issues of the Arabian Journal for Scientific Research IAJSR), which has now been indexed In Scopu5 and other international databases.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢ontlnued) Year ended 31 December 2024 Translated and published.. "Rushdi Rashed: An Introduction lo His Thought and Works" by Dr. Hussein Ma50umi Hamedani Released a series of influentl81 studies= Highly Cited Researchers- Moza Al-Rabban Drones.. Technology, Services, Research, and Trends- Moza Al- Rabban Towards Ihe Formation of an Arab Scienlific Community- A. Zahlan Community Inlegralion and Palestinian Higher Educalion Institutions - Sami Al-Kilani Arabic Edition of Archimedes, The Area of a Circle- Roshdi Rashed 4. Strategic Partnershlps & Internatlonal Cooperallon Slrenglhening institutional lies was a major focus this year. Notable milestones included Memorandums of Understanding IMoUsl= With the College of Sciences and Technology in Nouakcholt, Mauritania (February 29, 2024) With Ihe Abdullah bin Idris Cultural Center in Saudi Arabia (April 30, 2024} Global Engagement Hosted a delegation from Beihang University {China} lo explore joint initiatives in space science and technology. These collaborations reflect ARSCO'S expanding international footprint and commitment lo global scientific diplomacy. 5. Public Engagement & Outreach ARSCO sustalned its efforts to connect with wider audiences and foster a science-literale sociely.. Di Dgilal Communication Regular weekly newsletters and themed bulletins on scientific developments. ARSCO'S online platforms (website, Facebook, X, YouTube, IMialsApp,Sound Cloud} reached hundreds of thousands, delivering.. Scienlomelric insights into Arab research oulpul Simplified science articles for public understanding Scientific studies and research of interest lo the Arab reader. Scientific lectures and InleNiews. Conclusion & Outlook 2024 was a year of meaningful progress and strategic growth for ARSCO. By linking research excellence lo societal needs, we have reinforced our role as a regional catalyst for sclenlific advancement and cooperation. As we head inlo to 2025, ARSCO remains deeply committed lo: Supporting innovative, interdisciplinary research Encouraging open s¢ience and digital transformation Building a strong, inclusive Arab scientific community We exlend our sincere gratitude lo our dedicaled partners, researchers, and supporters who made these accomplishments possible. Together, we will continue building a future where science empowers progress. resilience, and unity across Ihe Arab world.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (conllnued) Year ended 31 December 2024 Financial review The results for the year are indicated on the Statement of Financial Activities on page 5. Reserves The charity is dependent upon the support of ils well wishers. 11 is the trustees, intention to build up reserves to a level which will permit continuation of the charity's activities for a period of al least 9 to 12 months without seeking further contributions or donations. Plans for future perlods ARSCO will continue its main activity of providing a platform for the advancement and exchange of scientific knowledge within the Arab scientific community. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on trustees by.. and signed on behalf of the board of Dr M Al-Rabban Trustee
Arab Scientific Community Organisation Company Limited by Guarantee Independent Examiner's Report to the Trustees of Arab Scientific Community Organisation Year ended 31 December 2024 I report to the trustees on my examination of the financial statements of Arab Scientific Community Organisation {'the charity,) for the year ended 31 December 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Acl 20061'lhe 2006 Act'i. Havlng satisfied myself that the accounts of the company are nol required lo be audiled under Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination of the charity's accounts as carried oul under section 145 of the Charities Act 2011 I'the 2011 Acl.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{51{bl of Ihe 2011 Act. Independent examinerfs statement I have completed my examinalion. 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 charity as required by section 386 of the 2006 Act- or the financial statements do nol accord with those records.. or the financial slalemenls do nol comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which is not a maller considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Slatemenl of Recommended Pracllce 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 {FRS 1021. I have no concerns and have come across no other mallers in connection with the examlnation to which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. R C Patel, FCA Independent Examiner 7 Redbridge Lane Easl Redbridge, Ilford Essex IG4 SET
Arab Scientific Community Organisation Company Limited by Guarantee Statement of Flnancial Activities {in¢luding income and expenditure account) Year ended 31 December 2024 2024 Unrestricted funds Total funds 2023 Total funds Not8 Income and endowments Donations and legacies Total income 244,461 244,461 244,461 232,669 244.461 232,669 Expenditure Expenditure on charitable activities Total expenditure 246.034 246,034 232,163 246,034 246,034 232.163 Net {expendlture)lincome and net movement In funds 11,573) 11,573) 506 Reconciliation of funds Total funds brought fotward Total funds carried forward 8,178 8,178 6,605 7,672 8,178 6,605 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pages 9 to 13 form part of the$9 financlal statements.
Arab Scientific Community Organisation Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Current assets Debtors 12 8,227 11,061 Creditors: amounts falling due within one year Net current assets 13 1,622 2,883 8,178 6,605 Total assets less current Ilabilities 6,605 8.178 Net assets 6.605 8,178 Funds ofthe charlty Unrestricted funds 6,605 6,605 8,178 Total charity funds 14 8,178 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2008 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records ar)d the preparation of financial statements. These financial statements have been prepared in accordance wlh the provisions applicable to companies subject lo the small companies, regime. These financial statements were approved by the board of trustees and aulhorised for issue on and are signed on behalf of the board by.. Dr M Al-R8bban Trustee The notes on paggs 9 to 13 forni part of these flnancial ststsments.
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office 1$ 7 Redbridge Lane East, Ilford. Essex IG4 SET. statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Slandard applicable in the UK and Ihe Republic of Ireland,, the Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP {FRS 10211 and the Companies Act 2006. Accountlng policies Currency designation These accounts are presented in US dollars. Exchange rale at 31 December 2023= US$1 Qatari Riyal 3.62 {31 December 2022- QR 3.621 Basls of preparation The financial slalements are prepared in US dollar, which is the functional currency of the entity. Golng con¢ern There are no material uncertainlies about the charity's ability lo continue. Judgements and key sources of estlmatlon un¢ertainty The preparation of the financial statements requires management to make judgements, eslimales and assumptions Ihal affect Ihe amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, induding expectations of future events that are believed to be reasonable under the clrcumstances. Fund accountlng Unrestricted funds are available for use at the discrelion of the Iiuslees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future projecl or commitment. Restricted funds are subjected to festriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income lunds or endowmenl funds.
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements (contlnuedl Year ended 31 December 2024 Accountlng pollcSes {¢onllnuedJ Incoming resources All incoming resources are included in the stalemenl of financial activities when enlillement has passed to the charity.. il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement lo Ihe gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt 15 probable and entitlemenl is eslablished. income from donated goods is measured at the fair value of the goods unless Ihis is impfaclical lo measure reliably. in which case the value is derived from Ihe cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received if Ihe value can be reliably measured. No amounts are included for the contribution of general volunteers. income from conlracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unreslrlcted funds unless there is a contractual requiremenl for it to be spent on a particular purpose and relurned if unspenl, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and Is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising aclivilies, events, non-charilable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charily in undertaking activities that furiher ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned lo charitable activities. other expendilure includes all expenditure Ihal is neither related lo raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs atlrlbutable lo a single activity are allocated directly to that aclivily. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Limlted by guarantee Members. liability is limited to UK £1 per member. 10
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedJ Year ended 31 December 2024 Donations and legacles Unreslricled Total Fund$ Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons Donations and conlributions 244,461 244,461 232,669 232,669 Expendlture on charitable activities by fund type UnTeslricted Total Funds Unreslricted Total Funds Funds 2024 Funds 2023 Research aclivily Support costs 244,681 1,353 244,681 1,353 246,034 230,226 1,937 230,226 1,937 232,163 246,034 232,163 Expenditure on charltable actlvltles by actlvity type Activilies underlaken directly Support costs Total funds 2024 Total fund 2023 Research activity Governance costs 244.681 244,681 1,353 246,034 230,226 1,937 1,353 244.681 1,353 232,163 Analysis of support costs Analysis of support costs aclivily 1 Total 2024 Total 2023 1,937 Governance costs 1,353 1,353 Independent examlnation fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,353 1,937 11
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 December 2024 10. Staff costs The total slaff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries 150,586 136.077 The average head count of employees during the year was 512023= 51. The average number of full-time equivalent employees during the year is analysed as follows.. 2024 2023 No. IT staff Research assislants No employee received employee benefits of more than £60,000 during the year {2023: Nill. 11. Trustee remuneratlon and expenses No remuneration or other benefits from employmenl with the charity or a related enlily were received by the truslees. 12. Debtors 2024 2023 Prepayments and accrued income 8,227 11,061 13. Credltors: amounts falllng due wlthin one year 2024 2023 Accruals and deferred income 1,622 2,883 12
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financlal Statements (contlnuedj Year ended 31 December 2024 14. Analysls of charStable funds Unrostrlcted funds At 31 December 2024 Al 1 January2024 Income Expenditure General funds 8.178 244,461 {246,0341 6,605 At 31 December 2023 Al 1 January 2023 Income Expenditure General funds 7,672 232,669 {232,163) 8,178 15. Analysis of net assets beeen funds Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Nel assets 8.227 (1,622) 6.605 8,227 {1,6221 6.605 Unrestricted Total Funds Funds 2023 Current assels Creditors less than 1 year 11.061 (2,883) 8.178 11,061 (2,8831 8,178 Net assets 16. Related partles A donation of $244,461 {2023 - $232.669) was received from Dr M Al-Rabban, one of Ihe trustees. 13-
COMPANY REGISTRATION NUMBER: 07030880 CHARITY REGISTRATION NUMBER: 1134734 Arab Scientific Community Organisation Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 R C PATEL FCA Independent Examiner 7 Redbridge Lane East Redbridge, Ilford Essex IG4 SET
Arab Scientific Community Organisation Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Arab Scientific Community Organisation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and administratlve details Reglstered charfty name Arab Scientific Community Organisation Charity reglstratlon number 1134734 Company reglstration number 07030880 Principal offlce and reglstered 7 Redbridge Lane East office Ilford Essex IG4 SET The trustees Dr M Al-Rabban Prof R Rashed Company secretary Dr M Al-Rabban Independent examlner R C Patel, FCA 7 Redbridge Lane East Redbridge, Ilford Essex IG4 SET Structure. governance and management Arab Scientific Community Organisalion is a company limited by guarantee governed by ils Memorandum and Articles of Association dated 20 July 2009 and last amended on 3Q October 2017. 11 is registered as a charily with the Charity Commission. The charity is struclured along ihe following lines.. 11 A Board of Trustees comprising the Subscribers lo the Memorandum of Association and other pelsons appointed as directors. A person ceasing to be a director shall cease to be a trustee. 21 Management and administration of Ihe charity is under the control of the Director General and the Chairman of the Board of Trustees. Trustees The Trustees are appointed for Ilfe. When the need arises. new trustees would be appointed by Ihe current trustees.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) l¢ontlnuedl Year ended 31 December 2024 Structure, governance and management (continued) Trustee Induction and tralnlng New trustees are briefed on their legal obligations under charity and company law, the content of Ihe Memorandum and Articles of Association, Ihe committee and the decision making processe5 and recent and projected financial performance of the charity. Rlsk Management The truslees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place lo monitor and control these risks to mitigate any impact they may have on its activities. Objectives and actlvltles The objects for which the charity is established are to advance scientific knowledge for the benefit of the public within the Arab scientific communily.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcontlnuedj Year ended 31 December 2024 Achlevements and performance Introduction 2024 marked a transformative year for ARSCO-Ihe Arab Scientific Research Organization as we deepened regional collaboration, expanded the fronliers of scientific inquiry, and advanced knowledge dissemination across the Arab world. Working closely with our partners in academia, governmenl, and civil sociely, ARSCO look bold steps lo address critical challenges and create plalforms for impaclful dialogue and innovalion. This report outlines our key achievements for the year. reflecting our steadfast commilmenl to promoting science for development, resilience, and societal progress. 1. Sclentlllc Workshops & Conferences ARSCO organized and conlribuled to a series of high-impacl scienlffic events in 2024, addressing urgent regional priorities and facilitating cross-border knowledge exchange. Workshops February 26. Doha, Qalar.. 'Towards a Smart Arab Citv, December 15. Doha, Qalar: 'The Role of Science in Disaster Management and Mitigation in the Arab World" Virtual Seminars Conducted 6 specialized webinars via Zoom, featuring regional experts across various scientific fields. International Participation ARSCO actively participated in four major global conferences: 1 sl Artificial Intelligence Conference- Nouakchott, Mauritania Arab Forum for Scientific Research and Sustainable Development, Tunisia UNESCO Regional Forum on Open Science Mohammed V University, Morocco High-Level International Conference on Scientific Diplomacy- League of Arab States, Cairo 2. ARSCO Sclentiflc Awards In 2024, ARSCO proudly recognized oulslanding research contributions through two prestigious awards.. 2023 ARSCO Award - "Towards a Smart Arab City. (awarded February 26, 2024} Dr. Ihab Hijazi {Palestine) Dr. Firas Al-Asali (Jordan) Dr. Baha Al-Din Youssef Belmakl {AlgerialSaudi Arabia} 2024 ARSCO Award-"Disasler Management and Miligalion" (awarded December 15, 2024) Dr. Adel Al-salhi (Morocco) These awards not only celebrale scientific excellence but also highlight research with dlrecl impact on regional development and resllien¢e. 3. Knowledge Disseminatlon & Digltal Initiatlves ARSCO continued lo expand ils knowledge-sharing infraslruclure through publications, digital platforms. and public engagement: E-Publishing & Academic Output.. Published two issues of the Arabian Journal for Scientific Research IAJSR), which has now been indexed In Scopu5 and other international databases.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢ontlnued) Year ended 31 December 2024 Translated and published.. "Rushdi Rashed: An Introduction lo His Thought and Works" by Dr. Hussein Ma50umi Hamedani Released a series of influentl81 studies= Highly Cited Researchers- Moza Al-Rabban Drones.. Technology, Services, Research, and Trends- Moza Al- Rabban Towards Ihe Formation of an Arab Scienlific Community- A. Zahlan Community Inlegralion and Palestinian Higher Educalion Institutions - Sami Al-Kilani Arabic Edition of Archimedes, The Area of a Circle- Roshdi Rashed 4. Strategic Partnershlps & Internatlonal Cooperallon Slrenglhening institutional lies was a major focus this year. Notable milestones included Memorandums of Understanding IMoUsl= With the College of Sciences and Technology in Nouakcholt, Mauritania (February 29, 2024) With Ihe Abdullah bin Idris Cultural Center in Saudi Arabia (April 30, 2024} Global Engagement Hosted a delegation from Beihang University {China} lo explore joint initiatives in space science and technology. These collaborations reflect ARSCO'S expanding international footprint and commitment lo global scientific diplomacy. 5. Public Engagement & Outreach ARSCO sustalned its efforts to connect with wider audiences and foster a science-literale sociely.. Di Dgilal Communication Regular weekly newsletters and themed bulletins on scientific developments. ARSCO'S online platforms (website, Facebook, X, YouTube, IMialsApp,Sound Cloud} reached hundreds of thousands, delivering.. Scienlomelric insights into Arab research oulpul Simplified science articles for public understanding Scientific studies and research of interest lo the Arab reader. Scientific lectures and InleNiews. Conclusion & Outlook 2024 was a year of meaningful progress and strategic growth for ARSCO. By linking research excellence lo societal needs, we have reinforced our role as a regional catalyst for sclenlific advancement and cooperation. As we head inlo to 2025, ARSCO remains deeply committed lo: Supporting innovative, interdisciplinary research Encouraging open s¢ience and digital transformation Building a strong, inclusive Arab scientific community We exlend our sincere gratitude lo our dedicaled partners, researchers, and supporters who made these accomplishments possible. Together, we will continue building a future where science empowers progress. resilience, and unity across Ihe Arab world.
Arab Scientific Community Organisation Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (conllnued) Year ended 31 December 2024 Financial review The results for the year are indicated on the Statement of Financial Activities on page 5. Reserves The charity is dependent upon the support of ils well wishers. 11 is the trustees, intention to build up reserves to a level which will permit continuation of the charity's activities for a period of al least 9 to 12 months without seeking further contributions or donations. Plans for future perlods ARSCO will continue its main activity of providing a platform for the advancement and exchange of scientific knowledge within the Arab scientific community. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on trustees by.. and signed on behalf of the board of Dr M Al-Rabban Trustee
Arab Scientific Community Organisation Company Limited by Guarantee Independent Examiner's Report to the Trustees of Arab Scientific Community Organisation Year ended 31 December 2024 I report to the trustees on my examination of the financial statements of Arab Scientific Community Organisation {'the charity,) for the year ended 31 December 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Acl 20061'lhe 2006 Act'i. Havlng satisfied myself that the accounts of the company are nol required lo be audiled under Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination of the charity's accounts as carried oul under section 145 of the Charities Act 2011 I'the 2011 Acl.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{51{bl of Ihe 2011 Act. Independent examinerfs statement I have completed my examinalion. 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 charity as required by section 386 of the 2006 Act- or the financial statements do nol accord with those records.. or the financial slalemenls do nol comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which is not a maller considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Slatemenl of Recommended Pracllce 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 {FRS 1021. I have no concerns and have come across no other mallers in connection with the examlnation to which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. R C Patel, FCA Independent Examiner 7 Redbridge Lane Easl Redbridge, Ilford Essex IG4 SET
Arab Scientific Community Organisation Company Limited by Guarantee Statement of Flnancial Activities {in¢luding income and expenditure account) Year ended 31 December 2024 2024 Unrestricted funds Total funds 2023 Total funds Not8 Income and endowments Donations and legacies Total income 244,461 244,461 244,461 232,669 244.461 232,669 Expenditure Expenditure on charitable activities Total expenditure 246.034 246,034 232,163 246,034 246,034 232.163 Net {expendlture)lincome and net movement In funds 11,573) 11,573) 506 Reconciliation of funds Total funds brought fotward Total funds carried forward 8,178 8,178 6,605 7,672 8,178 6,605 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pages 9 to 13 form part of the$9 financlal statements.
Arab Scientific Community Organisation Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Current assets Debtors 12 8,227 11,061 Creditors: amounts falling due within one year Net current assets 13 1,622 2,883 8,178 6,605 Total assets less current Ilabilities 6,605 8.178 Net assets 6.605 8,178 Funds ofthe charlty Unrestricted funds 6,605 6,605 8,178 Total charity funds 14 8,178 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2008 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records ar)d the preparation of financial statements. These financial statements have been prepared in accordance wlh the provisions applicable to companies subject lo the small companies, regime. These financial statements were approved by the board of trustees and aulhorised for issue on and are signed on behalf of the board by.. Dr M Al-R8bban Trustee The notes on paggs 9 to 13 forni part of these flnancial ststsments.
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office 1$ 7 Redbridge Lane East, Ilford. Essex IG4 SET. statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Slandard applicable in the UK and Ihe Republic of Ireland,, the Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP {FRS 10211 and the Companies Act 2006. Accountlng policies Currency designation These accounts are presented in US dollars. Exchange rale at 31 December 2023= US$1 Qatari Riyal 3.62 {31 December 2022- QR 3.621 Basls of preparation The financial slalements are prepared in US dollar, which is the functional currency of the entity. Golng con¢ern There are no material uncertainlies about the charity's ability lo continue. Judgements and key sources of estlmatlon un¢ertainty The preparation of the financial statements requires management to make judgements, eslimales and assumptions Ihal affect Ihe amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, induding expectations of future events that are believed to be reasonable under the clrcumstances. Fund accountlng Unrestricted funds are available for use at the discrelion of the Iiuslees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future projecl or commitment. Restricted funds are subjected to festriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income lunds or endowmenl funds.
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements (contlnuedl Year ended 31 December 2024 Accountlng pollcSes {¢onllnuedJ Incoming resources All incoming resources are included in the stalemenl of financial activities when enlillement has passed to the charity.. il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement lo Ihe gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt 15 probable and entitlemenl is eslablished. income from donated goods is measured at the fair value of the goods unless Ihis is impfaclical lo measure reliably. in which case the value is derived from Ihe cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received if Ihe value can be reliably measured. No amounts are included for the contribution of general volunteers. income from conlracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unreslrlcted funds unless there is a contractual requiremenl for it to be spent on a particular purpose and relurned if unspenl, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and Is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising aclivilies, events, non-charilable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charily in undertaking activities that furiher ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned lo charitable activities. other expendilure includes all expenditure Ihal is neither related lo raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs atlrlbutable lo a single activity are allocated directly to that aclivily. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Limlted by guarantee Members. liability is limited to UK £1 per member. 10
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedJ Year ended 31 December 2024 Donations and legacles Unreslricled Total Fund$ Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons Donations and conlributions 244,461 244,461 232,669 232,669 Expendlture on charitable activities by fund type UnTeslricted Total Funds Unreslricted Total Funds Funds 2024 Funds 2023 Research aclivily Support costs 244,681 1,353 244,681 1,353 246,034 230,226 1,937 230,226 1,937 232,163 246,034 232,163 Expenditure on charltable actlvltles by actlvity type Activilies underlaken directly Support costs Total funds 2024 Total fund 2023 Research activity Governance costs 244.681 244,681 1,353 246,034 230,226 1,937 1,353 244.681 1,353 232,163 Analysis of support costs Analysis of support costs aclivily 1 Total 2024 Total 2023 1,937 Governance costs 1,353 1,353 Independent examlnation fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,353 1,937 11
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 December 2024 10. Staff costs The total slaff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries 150,586 136.077 The average head count of employees during the year was 512023= 51. The average number of full-time equivalent employees during the year is analysed as follows.. 2024 2023 No. IT staff Research assislants No employee received employee benefits of more than £60,000 during the year {2023: Nill. 11. Trustee remuneratlon and expenses No remuneration or other benefits from employmenl with the charity or a related enlily were received by the truslees. 12. Debtors 2024 2023 Prepayments and accrued income 8,227 11,061 13. Credltors: amounts falllng due wlthin one year 2024 2023 Accruals and deferred income 1,622 2,883 12
Arab Scientific Community Organisation Company Limited by Guarantee Notes to the Financlal Statements (contlnuedj Year ended 31 December 2024 14. Analysls of charStable funds Unrostrlcted funds At 31 December 2024 Al 1 January2024 Income Expenditure General funds 8.178 244,461 {246,0341 6,605 At 31 December 2023 Al 1 January 2023 Income Expenditure General funds 7,672 232,669 {232,163) 8,178 15. Analysis of net assets beeen funds Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Nel assets 8.227 (1,622) 6.605 8,227 {1,6221 6.605 Unrestricted Total Funds Funds 2023 Current assels Creditors less than 1 year 11.061 (2,883) 8.178 11,061 (2,8831 8,178 Net assets 16. Related partles A donation of $244,461 {2023 - $232.669) was received from Dr M Al-Rabban, one of Ihe trustees. 13-