Charity Registration Nwnber 1161402 QS ImpACT CIO (A company limit by guarantee) AJJnual Report and FiDall¢ia] Ststemettts for the Year Enthd 30 Seweth 2025
QS ImpACT CIO Conteots Strategic R¢port Trw5tees' Report 2103 det*Ddent ExaDineV5 licp)rt 4t05 Statement of FinClai A¢ryviti&s Balance Sheet Not¢8 to the Finaucial Statements 8t014
QS ImpAcr CIO Strategic Report for the Year Euded 30 September 2025 The ttwstce5. tho are director5 for the purp)s¢s of comrAny law. preseot their strate8ic rep)rt fvthe year ended 30 September 2025. in ¢otnpLiance with s414C of the Conipanie5 Act 2006. Fin¢11 review PulIC on reserves Th¢ organi52tion operntes &$ not for pwfit ¢JJtity. Any excess ts reinvested in thc OrganilOll and is available to support the or8a]]isaÉion's fiJtU dJari12ble *Aivitses. 21n7rJ)26 The rert was approved by the trusteu of the ¢harity on.................. . und $igthed on its behf by: Bichard Kelljp Chairnian 8Dd Page I
QS ImpAcr cio Trustees, Report The tnstees. who are directOT5 lor the purposes of company law. Prt the annual report together with the fillancial statements and auditors. report of the thuritable eompany for the year euded 30 September 2025. ObJectlves and adivities Publle beneJ71 Th¢ activities undertakrn to fitrtt public art to Provide Sup¥ and rtpresetttation for YO18 adults p&%ionate about baving & trt)sitive itw OD the United N¥tiorLS S£tal[lable Dev¢leopmeni Goa]s Th¢ wstees confirni that they bave collylied with the requiremeots of scctÉon 17 of the Charities Ad 2011 to hav¢ due regard to the public bellefit guidall¢e published by the Charity Con]mis5ion for Ellartd and Wales. Reference and AdmiDi8trAtive Detlls Charity Registration Nurnber.. L161402 Registered Office.. l Tra¢Y MewB Fleet Road London NW3 2r AzeLS Davidson Stani Limited 2nd Floor Regis Ho 45 King William Street tA)ndoD EC4R 9AN TrtEStees axd offJ¢ers The trljstees and officer5 serving dwing th¢ year aDd since the year end were follows." Tru5tees'. Bi¢b K¢mp Nunzio I2Telli Santia80 tni8uez de ODZOttO Dall MuDnerley Heather Haseley A51Thwill Fernaudes Chairnian.. Ridwd Kemp Structur4 governance and management kyorure ofRoverning docum&Y¢ The orgaDi5atiOTk is a ti)aritable tncoTrorated org80isalion governed by &trtLSt dtt
QS ImpACT CIO Trustws, Report Finantixl AD51ruments objec11$ ¢4polI The chatity's ac£iwti¢s wse it tr) a of f1¢la1 risks Iluding ¢11 risK flow risk and liquidity risk. The use of rCial derivatives is govemed by the thartry's lICit5 apprnved by the board of tswtees, whi¢h prt>vide written prin¢iples OTh the of detivitives to manage th¢s¢ risk5. The Charity does tLOt derivativ¢ fJn8ncial itLStrumellts for specu]1Ve purpcffjes. Ststement of trnstees, ruponsibiliti¢8 The trustees (who tre aIso the direcrS ofos thipACT ao for the pur)IeS of company law) 4re resp)tisible for prepariDg the trusttts, rep)rt and the fJnaJJ¢ial stsrements iD accordance Applitxble jaw and United Kingdom A¢cou¥Jting Stsndards (United Kingdom G¢neralty Acted Acts)untiDg Prntuc£). including FRS 102'Th¢ Finaneiai Re[rting Stattdard •pplicabl¢ in the UKatMI Republic of Ire12ttd'. Company law requires the trustres to prepare financial st8tcm¢nts for each finaThciaJ ye4r. und company law tlie ttusiees must not approve the fmon¢ial statements uthitss are satisfied that they give a tsve and fair view of the stste of affrS of the charitable comrAny and of th¢ uJwmin¥ rewurces and application of Tesourccs, including its income and expendimre. of the chaTitablc company for th•t period. In preparing thue financial srAtemertts, the tjusoes are required to: sel¢Lt suitsble xcoumiD8 wlicies sDd apply than ¢onsistendy• observe th¢ meth(Mls and ptinLiples the Cknitses SORP. mske judgetTJents and ¢stinteS that are reTrable and rudent state wbether applicable aecountin8 5t8ndard5. )MPriSIng FRS 102 bave been foJk)we4 subje¢t to any aleTtai deparUW¥ disctosed Jd explained the financi sWcttLenty and pr¢pare the fllwjciai on the going cCern b&%is unless it is inappropriate to we3Llllle that the charitable witi cotxtirtue in bSinesS. The trustees art resp)llsible for keepg proper awuntiD8 recor&s that caD disclose with reasoD8ble acraCY at any lime the fancial Ex1110 of the cknitsble compwy and etLable thetn e4JSUte that the financial slafrm¢nts comply wtth th¢ COMP]&% Ad 2006. They are also rc5p)nsible for s8fe£uardin8 the assets of the dlaritable company attd hence for tsking rc450nabk 5t¢P5 for th¢ preveDtiW 8ttd detecttots of fraud and 4)thtt Irregl8rit#es. The trustees are restA)nsible for the rDaintellathce illtegrity of the corrrfjrdte aDd fInKIal infomiatioll in¢luded on the cljarirable compan$ 11¢. Lryislation Eoveming the weparation and disseminatiort of finan¢iat statements may diff frotB legislati(YA iti other jurAsdictiorL 21m7r2026 The 2tWU81 rryortw&% aHKovd by the tru5ttes of the charity on.................... attd sId on its behalf ty: Bi¢knard Kemp ChaiM3rt and trijstee
QS ImpAcr cio Independent Miner'S Report to the trust¢¢s of QS ImpACT CIO ('tbe Company,) I reN)rt to the cbarity trustxs on my examillation of the accounts of the Compw for the ye4r ended 30 Septemb¢r 2025. Re5POD5ibilities and b2 of report As the charity'5 ISteeS of the Comparly (and also its ditectors for thc purposes of company law) you a stM)Dsible for the preparauou of the accounts in with the requircmettts of the Q>B]panies 2006 ('tlLe 2006 Act,). Having satisfied myself that the accounts of the Company ar¢ not Tequired to be audited Ltthr Part 16 of th¢ 2006 Act atKI are ellble for initepend¢tti exarninatiotL I report in r¢5FCt of my examiDatioD of your charity'5 accounts &% carried oui under Section 145 of th¢ Cljariues Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions giv¢ll by the Cbarity Commission under tion 145(5Xbl of the 2011 Act. Ind¢p¢ndeDt eiamintr's stteJnent I have completed my ¢xstnittattotL I confjrni that no matters bave come to W attention in connection with th¢ examtnation givitig me Cause to believe". accounting rxords were not kept in rE5P¢ft of QS ImpAcf cio &$ wired by section 386 of the 2006 2. th¢ a¢eounts do not accord wtth those rccords" ¢x 3. the a¢¢ounts &) Dot compty with the accountitig requirements of sectton 396 of th¢ 2006 Act other than any requireinent th¢ accounts give a'true alld fair view which 15 noi a matter cotLsidcr¢d 8s part of an ind¢pendcnt examinatio or 4. the accounts have not been pr¢parcd in xcordance with the ethOdS and principle5 of the Sratement of Recortunrnded Practice for accounting and reportitig by clwiues [applicable to charities preparing their accounts in accordallC¢ with the Fill¥¢1a1 R¢FM)rting Standard appli¢able ID the UK and Republic of Ireland (FRS 102)]. S. the accoth)ts have not been prepml on a going concern tosis. However. at 30 Sept¢mb¢r 2022 the CIO had a small deficit oll ies balance sheet. The attourtts have been prepaTwJ on the b&8is of the a)ntinu¢d supwrt of its associated mpanY Q S Quacquarelli Syiwthds Limitrd I have no concerns and bave come acr055 llo other matters tn ¢01tion with the eXamItion to wbich attention should b¢ dra in this rewrt ll) order to enablc a proptr erStandIng of the accounts to be reach. Mark Stant FCA Az¢ts Trévidson Staot Li]Dited 2nd Floor Regis HOSe 45 King Willi2ttE Street London EC4R 9AN
QS IwpAcr cio Independent Examtner's Report to the trustees of QS ImpAcf cio ('the Cornpany,) Date". 01
QS ImpAcr cio Statement of Financial Activitid for the Year EDded 30 September 2025 Oncllldillg Income and ExpeDditure Accoun¢ Statement of Total R¢cogDised Gains and Losses) UDrestrieted funds Total 2025 Note Income and Elldowmettts fro. DonatiOO$ and legaci¢5 177.974 77.974 Total in¢omc 177,974 l77 974 Eipellditure on: Raisulg f)9 Charitable actiYtti¢s (6.487) 133,484 (6,487) 133,484) Toral exF¢ndinre (139.971 139.971) Net income 38,003 38,003 Net moveTnent Tn funds 38,1)03 38,003 Recotteiliation of futtds Totsl fimds brOllt fonyard To¢31 funds carri¢d foThvard 14.529 14,529 14 23,474 Unrestrieted funds 23.474 Total 21J24 Note Incom¢ and Endowments from: DoDations and legacies 189,326 189.326 Total income 189,326 189,326 Expenditsre on: Raising funds ChaTitable actiiti& {32.346) 142,744) (32,346) 142,744) Total exFnditstre (175.090 (175.090) Net incom¢ 14,236 14236 Net movement in funds 14.236 14.236 Reconciliation of funds Total fiLttd% brought fon¥ard Total fimdq caTried fonvwd 8.7661 8.766) 14 14,530 All of the charity's activiiies derive from continlltn8 operations during the aiwjye two n0d#. The fi]nds brdow for 2024 is showD in te 14. The notes pages 8 to 14 fm att tteI pth of these financtal swement Page 6
QS ImpAcr CIO IRegistratioD Dumber: ) BAlatt¢e Sheet as ai 30 September 2025 2025 2024 Nott Current wets Debtors C&%h at battk and in hand io 10,660 83.721 56J09 56309 94,381 Creditors: falling due within otte yr 12 9234 9.166 Ttstal xs8ets less current liabilitie5 85,147 47.143 Creditors., Amounts folling due after more than one yeAr 13 (61,6731 {61,673 Net tr0t*bIllties} Fun(b of the ehatlty: Unrtstrfcted ineome hTnd¥ Unrestri¢t¢d fiLn&% 23,474 114.530 Total funds 14.530 For the fancIal year ¢lldttiB 30 September 2¢Y25 the charity was eAt1t1 to exemptioo frorn autht urythr s¢¢tioa 477 ofttrLe ComF4nies Act 26 relating t05rnall companie5. DirectoKs' restAThsibilitÈes.' The memkrs have not rcquircd the thwity to obtatn att audtc of its ullts for thc ytsr in question in accordsnce wth section 476. and The dtrettors acknowledge thcir rcsponsibiliti¢S ccKnplyttt8 with the r¢quirements of the ALt wÉth rEspe¢t to a¢couthtin8 rttords and the prcparation of a¢¢wnts. The fi[wi¢l statemertts on pages 6 to 14 approved by the trustres, attd authorised for issue on ki11J."..k. and signed their bebaif by.. Richard Kemp The rdjtcs on pa8e5 8 to 14 fonb th integrnl part of thue fi2wKial statements. Page 7
QS ImpAcr cio Note9 to the Financial Statements for the Year Ended 30 September 2025 I Charity status The chariry is limited by guarantee. incorFKJrnt¢d in England, and consequently does noi have share capital. Each of the th]stees is liabl¢ to Contribute an arnouDt not ¢xeeediD8 £1 tosv#rds the assets of the in the event of liquidation. The address of its r¢stered office 15.. l Tranley Mew Fleet Road London 2 A¢¢ountsng policies Summ*ry of significant #e¢oullting pol1cl and key ateouDting e5timites The principal 8¢¢¢)unting policies applied in prepaTrtion of these financial stst¢ments are set out b¢low. Tr5¢ polici&s have Erfen consistently applied to all tbe years preseThI otherwise ststed. St¥tement ofcomplian¢e The fiDancial 5tat¢ments have bccn prepwed in accordance with Accounting tnd Reporting by Charities: Statetnent of Recommellded PraL#ice (applicable to chartti&s rrtpariDg their uouots in accordance with the Financial Reporting Strandard appkncabl¢ in the and Republic of Ir¢iand IFRS 102)) li5sued tti October 2019) - (Chan"ties SORTr (FRS 102)). the Financial Rwrting Standard 4>plicable in the UK and Republic of Ireland (FRS 1021 and the Cornpanies Act 2(N)6. Basis of prepar8ti0# os tmpACf CIO meets the d¢fmi¢i¢)n of a public tenefit entity under FRS 102. Assets and liabiliti&$ are initially recognised at bi5toricai c05t or tyansxtion value unless 5tstcd iti the r¢leYant aCCotIllg poli not6s. Going eottcern The tsustees consider that there are no [natr[] uncertainties aErt)ut the charity5 ability to conttnue a gotllg oncen) nor any signifi¢ant 8re&s of uncertainty thai affect thc carrying value ol&ssets held by the cbarity. Exemption from prerIDg a cash t1oF sl•t¢ment The charity opt¢d io early adopt Bulletin I publisbed OD 2 February 2016 and have therefore not illciuded a cash tlow Statement in thes¢ fiDattcial statements. Income eDdowments All income is recogllised ¢)nee the cknity h&s entitlement io the income. ti is prnbabl¢ that the income will be received and the amount of th¢ iTwJDe receivable ran b¢ me&sured reliably. Page 8
QS ImpAcr cio Notes to the Financial Statem¢nts for the Ye4r Ended 30 September 2025 Donailons ond legrtcies DonatiOD5 are Ttolsed the chariry b&s been notified in WTiiiog of both the amount aod settlement date. In the cverLi that a donation is subjrct to cotiditions that rwuire a le] of rfoTrC¢ by the charity before the charty is entitled to the fjjnds. tb¢ inc¢ is d¢f¢rred aDd not rgnISed until eith¢r those cA)nditiOLS are fijlly met, or th¢ fuifilment of those cottditions is wholly within the control of the charity and tt is probable that th¢5¢ conditions will t fulfilled in th¢ r¢porting p¢ri(wJ. F.xpellditure All expendittwe is rolS¢d once th¢[¢ is a legal or ConSve ob]i8ation to that CXPEndttur¢. it 1$ probable settkment is required and th¢ &nouni cats b¢ thts[ed rEliably. All Costs are allocated to the applicable ¢xpenditt]r¢ h¢adin8 that aggre similar costs lo Itt category. WttCTe rosts cannot dllY attributed to particular headings they have allocated OD a basis Consiste with th¢ use of r¢50Utc¢s, with cents315taff costs allocated on the basis of tittle 5peuL artd depreciation charg¢s a]locat¢d OD th¢ portion of the asset'5 use. Other support C05ts pre all(Kated b&%ed on the spread of staff cost& Rotslngfunds These are costs incurred tD attMtiDg volunlary iii¢otn4 the mwemeTht of inv&sbneDts and those incurjrd in trnding activities that rdis¢ fiuth. Ch&rliuble artlvilies Charitable expenditure cotnprises ttL05e costs by the tbarity ID the delivery of its activities alld 5ervi¢es for its befjeficiaries. It inclth tK•th costs that can be a]I(ted dtrecdy to such activities and those costs of an indir¢¢t tlature necessary to 5UPPOrt th¢m. Governance Costs These include the costs attnknble to the ¢twity's couw]i8nce with const1Onal and ststutory requirenients, ineluding audii strategic mana8ement and trustecs meaitigs alld reimburs&l expenses. TaJatlOD The charity 15 Consider to pass th¢ tests * ¢yJt in pph I khethile 6 of th¢ Finance Act 20IO 8nd therefo it meets the definition of a ¢lwttsble company foi UK corp)ration t8x purposes. Accordingly. the charity is Frf)tentially exempt from tsxatioD in r&spect of income or (apitsl gatDS rettived within categories covered by Chapter 3 Part I l of the Corporti¢n Tax Act 2010 or Section 256 of the TatIOn of Chargeable Gains Act 1992, to the extellt that su¢b income orgaÈDS are applieAI excl1Ve to charitable PUTpose5. Trade debtors Trdde debtors are from ¢StOmerS for merclwidi* 501d or services perfonnl in the ordintiry course of busÉnes5. Trade debtors are reco$¢4 inittalty at the traetiOn price. They are wiwuenily meaAred at amortised c05t using the effectiv¢ inter¢5t rneth0 Itss pn)vision for impairni¢mL A provision for the iTtwairmcnt of trade debtor5 is ¢5thblished when therc is objecttve evidellce that th¢ ¢hry will not be able to collect all amowits thie accorditjg to ihe original tern of the re[Vable5. Page 9
QS ImpAcr CIO Notes to the FiDaDcilll Statements for the Year Ended 30 September 2025 Foreign txehangt Trdll5aetioos in foTEigD Cumcies are recoTrld at the rate of cxclw)ge at the dat¢ of the trausaction. Monetsry assets gnd liabilities denomillated in forei currencies at th¢ balance 5bee¢ date are reported at the rates of excharLge prevailing * that d*e. Tkne results of overse&4 operations are transl&ed ar the av¢rd8e rat¢s of exdLan8e durtng the peri(Nl and their balance sheets 2t the rates ruling ai the ba18nce Sheet dat¢. Exchange differences arisitig on traslatIo of the opelling tlet assets and results of over5tas owations aT¢ rq)orted in other wmprchensive income and arxumulated in equity (attributed to non-colltrolling interests &5 appropriat¢). Other ¢xchange differences Jre re£ognised iti the Stat¢rnettt of Financial Activities in the peri¢Jd in vknich th¢y aTise except for. l) exchan8t diffcyenees on traTh%actions into to hedge certain foreigD cUrrecY risks (see above). 2) excha))g¢ differeTW atisitig on gains or lo&ses OD rKm.monetary rtems which ar¢ reLognised iD other Comprehensi income" aud 3) in the cas¢ of the consolidattd fillancl 5ratrmenl4 exchange differences OD moneiary itens rec¢svable from or payabl¢ to a foreigo opeThtion for which settlemeDI is neith¢T planned nor likely to IK¢ur (theref<xe forniing part of th¢ net iDvestment in the foret8n operaLiOn). wbicb are rccognis¢d in other ¢ompreh¢nsive income attd reportd under equity. Fund strueture Un[]ered nrne Sjnds ar¢ general fwids are available for use the 1Thets dis¢Tetion iti fithh¢rdnce of the objectives of the chartty. 3 Income from donotioDs and kgaci¢s Unr¢str5cted flllld5 General Totsl funds Donatsojjs and lega¢i Donatio from compani&s. and similar pr Scholarships 50,054 127.920 50,054 127.920 Total for 2025 177.974 177,974 Tot81 for 2024 189.326 189,326 Pag¢ 10
QS ImpACT CIO Notes to the FinaDcig1 Statements for the Year Ended 30 September 2025 4 Kipendhure on rniskng funds a) Costs ofgenertkng donalions nd kK¥Ci¢ Unrestricted funds General Total funds Note ScholaTship5 gifted Other direct cosrs of gen¢TattDg voluntary income 5.437 1,050 5,437 1,050 Total for 2025 6.487 Total for 2024 32,346 Total Costs S Expenditure on charitable aetivfities Unrestrlcted tyds Gener21 Total fuuds Notr Providing Suppon and r¢pre5ellt8ion Staff costs Governa¢ costs 13,643 115.773 13,643 115.773 4,068 Tot•1 for 2025 133,484 133,484 Totsl for 2024 142.744 142,744 Total eipenditure In addition to the ext*nditure above. there are also gov¢mallce ¢osts of £4.1I58 (2024- £1.360) wbich relate dire¢ty to chaTitable adivities. Se¢ t)ot¢ 6 for details. Pagell
QS ImpACT CIO Note5 to the FAnYdncial StatemeDts for the Year Ended 30 September 2025 6 ADalysLs ofgoyernanee aDd yupport Governance ¢osts Unre5trieted funds Ceneral Total fullds ind¢dent exa[nir ftts Examination of the fin8ncial s(aremeDts 4.068 Totsl for 2025 4.068 4.068 Totsl for 2024 l J60 lJ60 7 Staff ¢osts Th¢ aggregate payToII costs were gs follows: 2025 2024 Staff costs duriDg the year Tv¢r¢: Wages and $alaries 115.773 136.791 No employee received emoluments of tswr¢ thall £6D.000 durirtg the year. 8 1naepend¢nt ex8min¢r'$ remn*tion 2025 2024 Examination of the finarycial staterneots 4,068 1.360 Page 12
QS ImpACT CIO Notes to th¢ Financial Statements for the Year Ended 30 September 2025 9 Taxatlon Thc charity 15 a registeml charity and is thercfore exempt frorn tsxaiio 10 Debtors 2025 Trade debtors 10,660 I I Cash and cash equivalents 2025 2024 Cash at baDk 56,309 12 Credltors: 8rnounts fallTng due within one ytar 2025 2024 Other traxatiott and social secuTity 7.805 1,429 7,805 1.361 13 Creditor5- fsllang due 8fter one yr 2025 2024 Other loaDS 61.673 61.673 14 Balance 9l 30 September 2025 Bal•n¢¢ 8t I O¢tobtr 2024 Incorning resources Resour¢¢s expended Unrestri¢t¢d fund¥ G¢n¢rai (14529) 177,974 139.971) 23.474 Balartee at 30 September 2024 Resources expetsded October 2023 rEsTe¢S U#restrieted ndS 189,326 14 530) Pag¢ 13
QS ImpAcr cio Notes to the Financial Statem¢Dts for the Year Ended 30 September 2025 IS ADalysls of net ets between funds UDrtstricted lllttds General Total funds at 30 Stptember 2025 CuThent as3d5 Current liabilities Creditors over l year 94,381 (9,234) {61.673) 94.381 (9.234) 61,673) Totsl net 055¢ts 23.474 23.474 Unre5trictrd nds G¢nergl Total funds ttt 311 September 2024 Currerjt a55¢15 Current IEabiliti Creditor5 over l year 56,309 (9,16 61,673 56.309 (9,166) 61,673 Total net assets 14.530 14.530 16 Analysts of net funds At30 September 2025 At l October 2024 Cash at bank and in hand 56.309 56.309 Nct de 56,309 At30 September 2024 At l October 2023 Cash at FAnk and knand 41,972 41,972 Net d¢bt 41.972 41.972 Pa8e 14