QUAKER INTERNATIONAL EDUCATIONAL TRUST

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Gravita Audit Oxford LLP

Audit opinion

Qualified

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Group structure

1. QUAKER INTERNATIONAL EDUCATIONAL TRUST · parent
   1. The Friends Foreign Mission Association Trust Corporation · UK · land used by the charity in Lebanon is registered in its name.

Significant events

• “Brummana High School has suffered severe disruption due to increased political tension and economic turmoil, the Covid 19 virus, the 4th August 2020 explosion in Beirut which resulted in many deaths and injuries and which impoverished thousands of people, and most recently the war across Lebanon.”
• “The 2023/2024 academic year will be a year remembered for the school's resilience in the face of continuing difficulties, culminating in war but stressing the vibrancy of education as a peaceful act of defiance in the face of conflict.”
• “The unprecedented severe financial, economic and monetary crisis that Lebanon has been witnessing since October 2019 has significantly increased credit, liquidity, market and operational risks.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

6

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +56.9%

  £3,196,152 → £5,015,976

• Cash

  +36%

  £3,016,927 → £4,104,036

• Net assets

  +59.8%

  £1,966,850 → £3,143,662

• Employees

  +0.5%

  210 → 211

• Wages

  +100.2%

  £1,018,865 → £2,039,501

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers