Charity Regi8tration Number 116141Y2
QS ImpACT CIO
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 30 September 2024

QS ImpACT CIO
Contents
SLrat¢gic Report
Trl￿tecs, Report
2103
Independent Examiner's Report
4105
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statement8
8t014

QS ImpACT CIO
Strategic Report for the Year Ended 30 September 2024
The ttiiste¢s, who are directors for the purposes of company law, present their strategic report for the year ended
30 September 2024, in compliance witb $414C of the CompaniGs Act 2006.
Flnaiielal revlew
Pollcy gn r¢sErv¢$
The organisation operntes as not for proftt entity. Any excess income is reinvested in the organisalion and is
available to support the Organi￿tiOn'S charitable a¢tiviti¢s,
The strategic report was approved by the trustee8 of the charity on .
6th May. 3<and signed on its behalf by.
IVLal
Richard Kemp
Chairman tlnd trustee
Page I

QS ImpACT CIO
Trusteesl Report
The I￿￿tee8, who are directors for the purposes of company law? present tbe anniwl report together with tb¢
fitwicial statements of the charitable company for the year ended 30 September 2024.
ObJe¢tive5 and Activities
Public benefit
The activities undertaken to further public beneflt are to provide Kopport and representation for young adults
pas8ionate about having a Positive injpacl on the United Nations Sustainable Develeopment Goals
The trnstees confirm that they have Complied with the requirements of section 17 of the Charitie5 Act 2011 to
have due regard to the public benefit guidance published by the Charity Conumission for England and Wales.
Referen¢¢ And Admlnlstratlve Det&115
Charity Registration Number.
I 161402
The charitsble organisation is incorporated in England.
Registered Office..
l Tranley Mews
Fleet Road
London
NW3 2tK7
Independent Examin¢r.'
Davidson Stant Limited
The Glen
Kllutsford Old Road
Stockton Heath
Warringlon
WA4 2LD
Trustees and officers
The truste￿ aad officers senring during th¢ year and since tkn¢ year end were a8 follows..
Trnstees,,
'chard Kemp
Nunzio Quacquarelli
Paras Ramesb Fatnani
Santiago Iniguez de Onzono
Dan Munnerley
Heather Haseley
Ashwin Fernandes
Richard Kemp
Page 2

Structhre? gDvernAnee and nwn#gement
Nalure ofgaverning dociimenl
The organi8alion 18 a cknritable incorporated orgatsisation governed by a tru8t deed.
Page 2

QS ImpAcr CIO
Trustees, Report
Flnanclal Instruments
Objectives an41pollcles
Tbe cbaritys activities expose it to a number of financial risks including credit risk, cash flow risk liquidity
risk. The use of finat]¢ial derivatives 18 governed by the charity's policies approved by th6 board of In￿tee8,
which provid¢ written principles on the itse of fman¢ial derivatives to manage these risks. The Charity doe8 not
us¢ derivative fmancial Inst￿mentS for speciilative PUTposes.
Statement of trustees, responslbllltles
The trustees (who are also tbe directors of os knpACT CIO for the piw)oses of company law) are responsible
for preparing the ￿￿tees, report and the financid statetnenls in accordance with applicable law and United
Kingdom Accounting Standard8 (United Kingdom Generally Accepted A¢countillg Pra¢ti¢e), including FRS
102 "The Finattcial Reporting Sthndard applicable in the UK and Republic of Irelandll
Corw)any law require8 the trust￿ to prepare fManc1￿ statemet]ts for each financial year. Under compally l&w
the t￿￿tr¢s must not approve the financial statements iu)lesg they are satisfied t&aÉ they give a trne and f&ir view
of the state of affairs of the ¢hanlable co￿panY and of the incoming resources and applicallon of resources,
iocluding its tn¢om¢ and expendittwe, of the Charttable ¢on]pany for that period. In preparing these financial
statements. the trustees are required to..
select suitable accounting policies and apply them consistently.
observe the methods and principle8 in the Charities SORP.
make judgernents and estimates that are re￿onable and prndent,.
state whether applicable accounting Standards, compriging FRS 102 have been followed, subject to any
material departures disGlosgd and explained in the financial statements. and
prepare the financial st&temenls on the going concem basis unless it Is in&ppropriate to presume that the
charitable wmpally will rolltin￿ in business.
The Iru51egs are responsible for keeping proper uccounting records that can disclose with reasonable accuracy at
any time the financial position of the charitable conu)any and enable them to ensure that the financial statements
eomply with the Companies Act 2006. They are &lso re4)ollsible for safeguarding the asset5 of the Chatitable
ompany hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustee5 rgspoL]sible foT th¢ n]aintenanc¢ and intGgrity of the ¢orp)rate and financial itifornmtio
included on the charitsble con]pangs website. Legislation governing the preparation and dissemination or
fLnancial staten*nts may differ from legisia¢ion in other Ji￿lsdIctiOns.
The annual report was approved by the trust¢¢s of the charity on ,....6th Mai2<and s1￿Ca on its bel)alf by:
Richard Kemp
Cbairnlan and tr￿stee
Page 3

QS ImpACT CIO
Independent Examiner's Report to the trustses of QS ImpACT CIO ('the Company,)
I report to th¢ Charity trustees on my examination of tkn accounts of the Company for the Ye￿ ended 30
Septenther 2024.
Responslbllltfies 2nd basis of report
AS the charity's I￿￿teeS of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of tho accounts in ￿￿rdance with the requirernenls of the Companies Act 2006
('the 2006 Act.).
Havin8 satl8fied myself that the accounts of the Company ￿¢ not required to be aiulited imder Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts &s carried Dut und¢r section 145 of the Charities Act 2011 ('Ihe 2011 Act,). In carrying out my
examination I h&ve followed the Dtrections given by the Ch￿lty ConmLiS8ion under s¢¢tion 145(5)(b) of the
2011 Act.
Independent exAmin¢r's sthtcment
I have completed my examinatio￿ I conftrn] that no matters have come to my at¢ention in connection with the
examination giving me Gause to believe..
l. a¢couuting records were not kept in respect of QS ImpACT CIO a8 required by section 386 of the 2006
2. the account$ do oot accord with those reGords' or
3. the accounts do not comply with the accounting requiremenls of section 396 of the 2006 Act other than
any reqiiirement that the accounts give a 'true and fair view, which is not a matter ¢onsideTed as part of an
independent examination. or
4. the accounts have llot been prepared in accordance with the methods and principles of tbe Statement of
Recomtnend￿l Pwtice for accounting and r¢porting by charities [applic&ble to clwities preparing their
accoimts in accordance with the FinanGial Reporting Stand¥4rd applicable in the UK Repl￿lie of
Irelaud (FRS 102)].
5. the accounts have not been prepared on a going Concern b&8is. However, at 30 September 2022 the CIO
had a small deficit on it's balance sheet. The accounts have been prepared on the basis of the continued
support of it's associated cotrpany Q S Quacquarelli Symonds Limited
I have no concerns and have come aGross no other matter5 in connection with the examination to which
attention should be dTawn in this report in order to enable a proper understanding of the ac¢ounts to be
reached.
Mark Stant FCA
Davidson Stsnt Limited
The Glen
KnuL8ford Old Road
Stockton Heath
Warrington
WA4 2LD
Page 4

QS ImpACT CIO
Independent Ei xaminer's Report to the trustees of QS ImpACT CIO ('the Companyy
Page 5

QS ImpACT CIO
Statement of Financlal Actlvltles for the YeAr Ended 30 September 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestrleted
funds
Total
2024
Noto
Income and EndoTrvmellt5 from:
Donations and legacies
189.326
189,326
Total income
189326
189 326
Expendlture on:
Raising funds
Charitable activities
(32,346)
142 744
(32 J46)
142.744
Total expendittwe
175,090
175,090
Net income
Net movement in ￿ndS
14,236
14.236
Reconclliatlon of thnds
Totsl funds brought forward
28,766
28,76
Total thds carried forward
14
Unrestricted
funds
Tot41
2023
Note
Income and Elldowmellts from;
Donations and legdcies
123,982
123.982
Total in¢ot
123,982
123,982
Expendlture on:
Raising funds
Charitable activities
(16,663)
129,991
(16,663)
Totsl expenditure
146.654
146,654
Net expenditur
Net movement in ￿ndS
(22.672)
(22,672)
Re¢oll¢lllatloll of funds
Total fi￿d$ brought forward
6,094
Total fijnds Carried forward
14
28,766
28,766
Ail of the charity's activities deTiVg from Gontinuing operations during the above two periods.
The fillrfs breakdown for 2023 is shown in note 14.
Tbe notes on pages 8 10 14 form all iutrgral part of these financial statements.
Page 6

QS ImpACT CIO
(Registration number.. )
Balance Sheet as at 30 September 2024
2024
2023
Note
Current Asset5
Cash at bank and in hand
56,309
41,972
Credltor$: Amounts falling due Ivlthln olle year
12
9,166
9,065)
Total assets less current Ilabllltles
47,143
32,907
Credltors: Amounts falliug due after more thall one yeydr
13
61,673
Net liabilitie8
28,766
Funds orth¢ ¢harity:
Unrestrleted Income funds
Unr¢sirtcted knds
14,530
28.766
Total funds
14
14,530
For the fInancial year ending 30 September 2024 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to gmalI companies.
Directors, responsibilities..
The m¢nib¢rs bav¢ llot required the charity to obiain an audit of its accounts for the year in qu¢stion in
accordance with section 476., and
The dire¢ttirs ￿knO￿ledge th¢ir r¢sponsibilities for couwlying with the requirements of the Act with respect
to accounting r￿ordS and the preparation of accounts.
Thg finan¢ial statement8 on page8 6 to 14 were approved by the trustees, and authoris¢d for issue on
6th May ifand signt>J on their behalf by..
IllLa
Richard Kemp
Chairman and trustee
The notes on pages 8 to 14 forn] an integral part of th￿e financi￿ 8taEments.
Page 7

QS ImpACT CIO
Notes to the Financial Statements for the Year Ended 30 September 2024
I Charlty stAtU5
The charity IS lirnited by guarantee, incorporated in Engl&ll￿ and consequently does not have sI￿e capital, Ea¢h
of the twstees is liable to contribute an amoimt not exceeding £1 towards the as8et8 of the charity in the event of
liquidation.
The address of its registered office is:
l Tranley Mews
Fleet Road
London
NW3 2DG
2 Accountlng policies
Summary of slgnlficant accountlng polleles and key acCo￿ntIng estlmates
TI]e principal a¢¢ounting policie8 applied in th¢ prgparation of these financial statements are set out below.
Thege policies have beell consistently applied to all the years presettte￿ unless otherwise stated.
sthtemeTht of compliance
The finan¢ial statements have been prepared in a¢¢ordan¢e with A¢¢ounting and R￿orting by ChaTiti¢s:
Statement of Recommended Practice (applicable to charities preparing their accounts in a¢¢ordall¢e WAtb the
Fin&ncial Reporting St￿d￿rd applicable in the UK and Republic of Ireland (FRS 102)) (is&ued in October 2019)
(Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK Republic of Ireland
(FRS 102) and the Companies Act 2006.
Basis of preparatlo
QS ImpACT CIO meets th¢ d¢finition of a public benefit entity llnder FRS 102. Assets and liabilities are
initially recognised al historical cost or trdnsaction value unless otherwise Stat￿ in the relevant accounting
policy llotes.
Golng concern
The trnstees consider that there are no material uncertainties about the charity's ability to continue as a going
concern nor any significant areas of unG¢rlainty that affect the carrying value of assets held by the charity.
Exempdon from preparlng & ¢Ash flow statement
The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash
flow statement in these financial stat¢mellts,
Income and endowments
All income is recognised once the charity has entitlement ¢0 the income, it is ptobable that the income will be
received and th¢ amount of the income receivable can be measured reliably.
Page 8

QS ImpACT CIO
Notes to the Flllanclal Statements for the Year Ended 30 September 2024
Donatsons and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement dale.
In th¢ event that a donation is subjec¢ to conditions that requir¢ a l¢v¢l of perfonnance by the charity befor¢ the
charity 18 entitled to the funds, the incotne is deferred and not r¢¢ognised until either those conditions are fully
n]eL or the fuifilmenl of those conditions 18 wholly within tbe control of the charity and it is probable tbat these
conditions will be fiLlfilled in the reporting period,
Expendlture
All expendi¢l￿e is recognised once there is a legal or constructive obl￿tiOn to that expendltt￿e, it is probable
settlement is required the amount can be meaBured reliably. All costs are &lloGatcd lo the applicable
expenditure heading that aggreg&le Similar Gosts to that category. Wbere costs caLmOt be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with central staff
¢ost$ allocated on the basi8 of lime spent. and d¢pre¢iation Charges allocated on the portion of the asset's use.
Other support costs are allocated based on the SPTe&d of staff costs.
These are costs incurred in attracting volutLtary income, the management of investments and those incurr¢d in
trading activities that raise funds.
Charitable activiiaes
C￿ltable expenditure comprises those costs incurred by the charity in the delivery of its activities &lld s¢nTi¢es
for its beneficiaries. It inGlud&s ￿th costs that can be allocated directly to such activities alld those costs of an
indirect nature llecessary to support them.
Governan¢¢ costs
Tbese include the costs attributable to the ch&rity's compliance with consti(lltional and statutory requirements,
including audit, strategic management and trnstee8 meetings reimbiirsed expenses.
Taxadon
The charity TS considered lo pass Ihe t￿18 Sel out in Paragraph I Schedide 6 of th¢ Fin&nGe Act 2010 and
therefore it meets the def￿lti0ll of a charitable company for UK corporation tax purposes. Accordingly, the
charity is potentially exempt from taxation in respect of income or capital gains received within categories
v¢red by Chapter 3 Part I l of th¢ Corporation Tax Act 2010 or S¢ction 256 of the T￿atIOn of Chargeable
Gains Act 1992, to the extent that such incone or gains are applied excliisively to charitable pu￿OseS.
Page 9

QS ImpACT CIO
Notes to the Financial Statements for the Year Ended 30 September 2024
Forelgn ¢xchllng¢
Transactions in foreign ¢iirrencies are recorded at the rate of exchange at tkne dat¢ of the transaction. Monetary
assets and tiabilities denominated in foreign ciirrencies at the balance sheet date are reported at the L2te8 of
exchat]ge prevailing at that date.
The rewlts of overseas oper&tions are tran$lat¢d al the average rates of exchange duTing the period and their
balance sheets at the rates ruling at the balaa¢¢ 5h¢et d&te, Exchange differ¢n¢e8 &rising on ￿nslAtiOn of the
opening net assets and results of overseas operntions are reported in other comprch¢nsiv¢ incon]e and
a¢¢unLulated in equity (attributed to non-controlling interests a8 appropriate).
Other exchange differences recognised in the Statem¢nt of Financial Activiti¢s in the period in which they
alise except for..
l) exchange differences on transactions entered into to hedge certain foreign currell¢y risks (see above).,
2) ex¢hang¢ dAff¢ren¢es arising on gains or 105ses on llon-monetary items which recognised in other
cotnprehensive income. and
3) in the case of tbe consolidated fman¢ial statements, exchange differences on monetary items receivable from
or payable to a foreign oper&tion for wbi¢b s¢ttlement is neither planned nor likely to occur (therefore forming
parl of the net investment in the foreign operation), which are recognised in other comprehensive income and
report¢d under equity.
Fund Structure
Unrestricted Incon￿ fullds are general funds that are available for use at the trustees discretion in fi￿￿erance of
tkn objectives of the charity
3 1n¢onw from don7étions aNd legacie$
Unrestrlcted
funds
GenerAI
Total
fund$
DOl￿tiOnS and legacies.
Donations from GompanTes, knsts aiid similar proceeds
Scbolarships
69
69
189,257
189,257
Total for 2024
189 326
189,326
Total lor 2023
123 982
123 982
Page 10

QS ImpACT CIO
Notes to the Flllanclaj Statements for the Year Ended 30 September 2024
4 xpendltuye on raislng funds
Costs of gellerntlng donatlons legacles
Unrestrleted
funds
General
Total
lunds
Note
schol￿ships gifted
32,346
Total for 2024
32,346
Totsl for 2023
16,663
Total
costs
S Expenditure on charitsble Activities
Unr￿trIcted
fund5
Ceneral
Total
funds
Note
Providing Support and representaion
Staff Gosts
Govemance costs
4,593
136,791
4,593
136,791
1,360
Total for 2024
142.744
142,744
Total for 2023
129,991
129,991
Total
expenditure
In addition to the expendittwe analysed above, there are also governance costs of £1,360 (2023 - £1,221) whicb
relats directly lo ciwit&ble ￿tiVitieS. Sec note 6 for further detY4ils.
Pagell

QS ImpACT CIO
Notes to the Fillancial Statements for the Year Knded 30 September 2024
6 Analysls of governance Y4nd Support costs
Governance ¢0sts
Unrestrleted
funds
Ceneral
Tot
funds
Independenl. examiner fees
Examin8dtion of the financial statements
1,360
1,360
Total for 2024
1,360
1,360
Total lor 2023
1,221
7 Trustees remuneratioll and expenses
During the year the ¢barity nTrde the following transactions with tn￿tees'.
Marlou Corneltssell
8 Staff costs
The aggrcgate payroll costs wer¢ &s follows:
2024
2023
Staff costs during the year were:
Wag&8 and salaries
136,791
125,635
No employe¢ r¢¢eived emoluments of more tban £60,000 during the year,
9 Independent ex&nJlller's remunerAtivn
2024
2023
Examination of the finan¢ial stafrments
,360
1,221
Page 12

QS ImpACT CIO
Notes to the Financial Statements for the Year Ended 30 September 2024
10 Taxatlon
The cbarity is a registered charity and 18 tberefore exempt from taxation.
11 Cash and eash equlvalents
2024
2023
Cagh at bank
56,309
12 Creditors: ajnounts f*lllng due wiÉhln one year
2024
2023
Other taxation and social security
Accruals
7,805
1,361
7,805
1,260
9.065
13 Credltor8: falllng d￿e after one year
2024
2023
Otknr loans
61,673
61,673
14 Funds
Balance at I
October 2023
tneoming
resources
Resourees
expended
B&lAnce At 3
September 2024
Unrestricted ￿ndS
General
189,326
Incomlng
resources
175 090
14.530
Balance at 3
September 2023
Balance at I
October 2()22
Resources
expended
Unr¢stri¢tcd tunds
General
6,094)
123,982
146,654)
28,76
Page 13

QS ImpACT CIO
Notes to the Financial Statemellts for the Year Ended 30 September 2024
15 Analys15 of net assets between fund8
Unrestrl¢ted Total fund8 at 30
funds
September
General
2024
CU￿nt assets
Current liabilities
CreditotB over l year
56,309
(9,166)
61,673
56,309
(9,166)
61,673
Total net assets
14,530
14,530
Unrestrlcted Tot¥dl lunds at 30
funds
Septejnber
GenerAI
2023
Current assets
Current liabilities
Creditors over l year
41,972
(9,065)
61,673
41,972
(9,065}
61,673
Total net assets
28,766
16 Analysis of net fuiids
At l Octobcr At 30 Sept¢mber
2023
2024
Cash at bank and in hand
41.972
41,972
Net tiebt
41,972
41,972
At l October At 3D September
2022
2023
Cash at bank and in hand
43.654
43,654
Net debt
Page 14