QUO VADIS TRUST G)mparLy Rtxi%ir*iion No.. 05876659 c.h11. Nii.. 1116196 Re%ulaior of s.11 H(iu¥inx No.. 4 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
QUO VADIS TRUST Report of the Board For the year ended 31 March 2021 Index to Report and Accounts Page lttdLpndLni.luditiJt LV)rt ti) IhL .1]L*nS Stritcml'nt i)1 l.IbMprchcn1'l' Inci>me StatL'mL'nt i)1 (..hink.$ in Rcserve% 14 (.A4h I,,111. SMtL'rncnt
Paje I R THE YEAR ENDED IMAR 21 LEGAL AND ADMINisfRATIVE DETAILS Tr Cotnpany was forrned on 14th JU 2006 and t(K over the assets, liabile$ arKI operations of Quo Vadis, a Charable trust, from 6th April 2Tr)7. Quo Vadis Trust is also a registered thanty and registered under the Regulator of 5ooal Housng (RSHI Reglstered Company No.: 05876659 Reglstered Chartty No.: 1116196 RSH Reglstratyon number.. 4703 Reglstered Office.. 92 Brownhill Road Catford, London SE6 2EW Professbnal AdVilS nkers Lh)yds Bank 3rf Flo)r 25 Gsharn Street London EC2V 7HN Hadfield Bull and Bul I Central A%Enue Wellkng Kent DA16 3AX Authtors MrLfe Kiroste Smitti Registered Audito 60 Goswell Rtsad Lcffidon ECIM 7AD Arthur J. Gallagher IUKI Ltd The Walbrook 8uildlng 25 Walbrook London EC4N BAW DIREcfoRS Tre directors of the company serve as dritatIe c(npanls trustee& The fc4kMng seNed as d1CtorS from l April 2019 aThJ up to the date of this POrt. stephen Wells tk Stephen Dellar Lorralne Ash Mark Lemmon Tina Paul (Vicechair from 29-09-181 Adebayo {enly1 (Chair from 29-09-181 Dr Susan UptcA) Markl Curro Ana5ts5ia Balrakou Apwynted 05-09-15 Apnt 20Q4-17 Re%gned 13-11-20 Apwnled 25-05-17 Apwynted 2Qs-17 Apynl 25-05-17 Apwmrted 09-02-19 Appcinted 25-05-19 Apwynted 20Q7-20
Page 2 UO VADIS TRUST Board prents the finarKial aotetnetts for the year endeij 31 Marth 2021. OBJEcfs AND PIUNCIPAL ACtIVITIES promsitsn of ore and supwt to vulneraile w¥le in whose health and welltirv4 is adversety affetted by mental physcal ill health or frailty and to prIde or faolitate the provisKn of ltable suppcrted or unsupported ial housing accomryvjdation arKllor care and SUprt that meets tsEir needs, 5UPPOrts reroVy, maximize5 independence and promotes ccffimunty enabling the indmdual to maximize quality of life. REVIEW OF THE YEAR The year was dominated by the impatt of the Covid -19 pandemic on t1 entire environment within which Q, ts stsff, clnts, their tsmilies arKI l(tal authorrty ctynmi%ioners 0rate. The first l¢xkdown gave way to a period of ffle open workj.ngi whKh was sc¥)n followed by fUrtr reStrtn$ and a retum to ldown for the final quarter of the year. The measure5 ImpMented as set out in the buyness conb'nuity plan cLtinUed and included regular advice to aff and clients, prOhIbng VISItS to schemes. ImFlementing strict hygne control measures and enabling stsff to work from home where posyble. prte all these measu$ has conb'nueil tr• provKJe a good Servi to dients, with commissoner relationthips continuing to strengthen. Stsff have shcpNn remarf(able fortitude and have adapted well to new ways of 5eTrice deliry, induding hybrid workn'ng yjch that the management tsam believe that efficiency can improve across the organisatjon. Strong ccmmts4er relatIshIpS have kd to the 0Ing of tsyo rthy care streams, the first belng to house dlentS who have previousfy slept rough and secfJ)d to provKle a¢ctynmodati(y) for young people leavln9 care. The Rough Sleeper scheme was developed in response to the govemmenys reaCth to C(Nid-19. requinng those sleeping rough to be moved t of shelters and into pemanent acCL%nM(x1ati. W opened 4 hemes in è short Spa of b'me prior to Chdstrnas whlch house over 20 dnts who have preVusty been honless. The Care Leaver scheme by cOmpas0n was set up in conjunction wrth the London 8Ough of Lewisham arwj houses 12 young people who have recently left care. Each xheme Is In Its Infancy and ts belng ctsdy mcffirtored for Its qualty and co# effethveness. The fundrai4ng effort that ccMMend in eamest duriThJ 2019 has contr"nu8J, wrth fundlng recelved to emplov psychol(Jist lor a 6-month pericK1 to pr(Ne wpport and counselling to dients ¥yho f nd obtsining such provision dIfficu. The projett is a pllot, wrth rts s5S to be evaluated aThJ further fundlThJ 9)ught Sf justified. stsff team has been fvrther stre•ned thwjh the yearwth an empha on trainlThJ ofexlsting team members, reuultment of good qualty emph)yee5 and the addition of a tputy Head of Operatvjns. The pandemic has dernanded narter ways of working aThJ to this need a strateglc IT plan was Ieknped further investment In tr hardware made. Board and senlor management met in (ttober to set a new 5 year Stt following completKJn of the goa15 set out In the wevious one. Although this was a year earlr than planned all conMed felt thls to be approprkte glven the progress rnade by W over the prevKJUS 4 years. The new rategy IcKuses on the quality and efficEncy of provision. dlversfflcation grth. and enabling dnts to grcw thrcwh hdlstio targeted InteNentSon that Is embedded in Q.5 offering. The Truee5 are enthUs$t1( that the rEw strategy can pryl to an era of better outcomes for dlents and growth to seNe new geOgraphS and strS of ed. In summary the trustees are sab'sfie(J that ovr has c(x)tinued to pr(wide a 0001 level of Servi to clÈnts which continues to irnprove each year. Strong finarKial managery*nt, rKtsbty aTound vc¥d administration and cash control continues to te a prtjrty. Board recAwnSses the continued efforts d the TrUS staff to erUre that the values of the charty are put at the centre of all we do, and thanks them for this work. These values are known ty the acronym DERIK, and consist of dlgnty, eXcelnCe, res, integrrty kn"ndnÈ%s
Page 3 REPORT OF THE BOARD The trust added 42 unts of accomnNJdation in the year whilst none were removed. In tems of properties 8 were added x) 29 were UeT managent at the of the year. surplus for the year increased fnxn £298,4C6 in 2020 to E335.036 in 2021. nvir nm operating environrTnt was diffiajlt due to the CoMd-19 pandemic, but nonetheless there was SUC$$ In contrclling the vd cost wrth r( iThCreang marginally from £78,810 in 2020 to E91.682 in 2021. In additKJn bad debt costs remained at £13,776. The t%Jard are sab5fied with the outcorre for the year. The Board agr a new 5 year rategy in Crtober 2020, wth impknentatH)n having begun from Aprll 2021. The strategy was develoFed a year earlier than pL3nned as aCkThYdgeMent that the prewous goals had been met and hence a new plan wa5 required. The key elewnts of the rategy are Expertise and hNJh qualty servts Diverslflcatbn Holistic dient InterventhJn5 Revlew of the Year the detrId progress made against the pwiou5 strategys which had as Its goal5, Mentsl Heaf(h Care ond supwt servte dellvery wth apprcfjrlatety tra1 and skllled stsff Housng and maintenance agile in re¥Thise and hwjh qualty In siaTrJard Diverslfy"ng portfc4io creating ¢)ther inc¢e st0M$ Trustee positions are advertised widely thrOh YKkil ndia the Tru$ webgte. Applications are reviewed by a b-committee of trustees and gJbFtt lo interwew with members of staff and directors. Where p)ssible a client is also nvdved in the recruitment prCess. When assessing the gjrtabilrty of an applicant reference is made to the trustee Ills matrix and board make up to ensure a dive mix of trd members is achieved who have the relevant skills to support the Trust. After Intervlew, a reccfflMendatl1 is made to the and aprKJlntment made for an Snitial temi of three years. Truees are provided wf(h a full indurtion projramme that enatles them lo understand W's operations, be ntrcKjud to its staff, view sthanes arm1 meet dients, thus enabling them to contribute fully.
Page 4 UO VADIS TRUST RESERVES charity maintsins a level of reseNes to allvw it to ITrf its OFEratiwl oblv4ations and to rn9?te against the financial costs of Kjentthed risks. At 31st March 2021 the reserves We £2,285,1041315t March 2021 £1,950,068) and free reserves £599,594 (31st Mard) 2020 £507.3n). level of reserves is set In the Ivjht of risks it*ntrfied in the Register, whh is reWed quarterfy by the board. The key risk5 Identifi COnrrI the efferts of the COVKJ 19 paleM14 quality of servi, Serious safeguarding nddents, kvel of voids and UnfoSeen mainterwrKe c(6ts. The trustees consder that a level d free resetves of £600,OC¥J, wrth £400,0 hdd as (ash Is appropriate glven the level of rf5k identlfied. Such a level of rese Is Curr maintained by the drIty. The trustees review the level c( reserves quarte and update the annualty as part of the strategic planning prosS.
Paje 5 RE RT FTHEB ARD VALUE FOR MONEY A Value for mOrY (Vfm) standard, issued by Regulator for &xial Hougng IRSH), came into effect from April 2018. It moved the focus of the Regulatcrf's approath away from the primarity narraty.ve VlTrl Statements to reporting through the statutory annual accounts by providers on progress In meetlng their own tsrgets, Includlng a sulte of metrfcs tr) be defined, frcrfn tirne to time by the RSH. The outcornes required by the new standard are that provklers registered wth the RSH must: l. Clearty articulate their Strategic objedwes- 2. Have an approach agreed by the Board to the ath"evement of Vfm in meetr"ThJ those obJ"ectives and the dem(M)stration of the delivery of Vfm to akel¥jds,. 3. Through the Strateg obj'ectwes to articuL3te the Board's Straw ts delivering homes that meet a range of needs; 4. Ensure that 0Olmal benefft is derived frcth re9)urces and assets to secure economyi efficiency and effethveness In the dellvery of ategt obJectlve& 1310 VadisTrust Is consclous of the need to ensu that fundlry vthth 6t Ls gfven Is used to maxlmum effectlveness in the fulfilment of ts charf(able objectives. In particular ty: Seekn'ry to ensure that the proFertie5 aSed and used to provhle sJppNted housng to our Clnts are acqulred at or below market rent& Ensuring rna1ntenan cfj the wcperts1s card crtrt effethvely, efflcntly and economlcally. Minimiln9 expendrture Tunning costs and administratKffl by maknng the best use of avaiL1b technok)gy and negotiating value for mcffjey supply arrJrvJements. Trainlng our staff to enswe that tly are capat4e of fU1111j the roles they are assignej, for the beneflt of our £Ints. DelNerirrfJ excellent $teMer by provhling ffl0 cost effettNe and effident servlos to our dIen We aim to do thi5 by ersurin9 they recei Val for their rent. Maintainiro tight contrc4 over exFenditure by reviewiffj performarfe on a reguk4r ba&s at Senlor Management Team level and quarterty by the PA)ard. 2021 4.3 2020 3.59% Metrlc l - nVestment % Metric 2- New Suppty Delivered % A. New Supply Delivered {SJaal Houslng UnfGI . New Supk4y Delive ()n-(jaI HfXJ9NJ Units) % 22.70% 4.20% Metrlc 3- GeariThJ % 23.03% 35.64% Metric 4- EBrrDA MRI Intere# Cover % 437.69% 388.12% Metric 5- Headline Sc(ial HousrvJ C05t per Unf( £17,872 £20,745 Metric 6- OperatiNJ Margin A. Operating Margin {Soaal Hou9rvJ LettiThJs) % B. 0ratIng Margin (Overall) % 9.33% 9.83% 10.03% 10.17% Metric 7- Retum ( Capital Empbyed % 11.08% 9.37% In add'on to the required rnetri(s set out alve the Ix)ard m(x)itors quartedy a set d metri(s belwed to be Crucial to delivering a go)d quality servKe to our clents. As o)rnpar8J to the pricrf year and to target 9)me metrics have improved, athough the Covid-19 patKJetnic has had an effett on the company's abilty to deliver. The board requests that the executive tske action when metn.cs are meL
Paje 6 UO VADIS TRUST A¢hleved 20121 lio% Achleved 191zo 55% NIA 27 Opera0$ Room checks completed Keywork sessions completed Client5 In arrears with SeTvi£e Cha Client 5at15faction Tarzet l(K)% ILX)% e and not clearin them 25 74% 95% 84% A¢hleved 20121 2.8% 30 75% Achleved 19120 3.0% 20 74% Pro Void level Outstandin repairs ai montfv end Repairs completed within due date Ta 3% 15 Achleved 20121 63 1.8% 28% Achieved 19120 36 2.0% 26% 75% Staff Trainin Absence level Stall turnover Colleague one to ones completed per quarter et courses com leted uarter 40 3% 25% AChIed 20121 42 A(hleved 19120 io Dlvetslfkatlon Expansion- units added Ta 15 A¢hlwed 20121 182 A¢hle¥ed 19120 164 NIA NIA NIA Cent Develo ment Non client volunteer hours Nurnber of external volunteers Number of clients attended sessions per Number of sessions run per quarter T• 5LK) 20 et uarter uartei uarter 36 40 Athieved 20121 £0 262 620 Athitvtd 19120 Flnance Cash flow Operational cash flow Cash balance Target 17 411 40 511 S17 757 495
Paje 7 UO VADIS TRUST COMPLIANCE wrfH THE GOVERNANCE AND FINANCIAL VIABILifY STANDARD Trust c¢)mplies with the RSH'S (kjVeman Finarfkil Vobility Stsrnlard thrwgh.. Adopti of the prinopal reo)mrnendatK)ns ofthe 2015 NHF [knernan. An effectrve Board of Management, appraised reguhtly. A comete set of Stsnding Orders whKh is Ufmjer review. A risk management frnmework with a detsikd risk map. A bng temi finanoal plan. complian wrth nderS covenants with the Board nnitj C(xnpl1an (y) a quarterly basis. Sufficient Ivjuidity to meet contractual commitments. An effective system of intemal cotLtrcAs whith are reviewed by the Audr( CL¥nmrttee. An asset and liability lster. A Risk and GOvernae Commrttee, whth reviews and advises the P)ard cfi all asFects of governance. The Trust ccmplles with relevant giati. Ctroperative and Community Benefft Society P£t 2014 Housng and Regeneration Act 2008 Accounting C)rection for Private Registered pderS of gjaal HOng 2019 Statement of Recommended practi fcf registered 9)aal hJJsrvJ Frfoviders 2018 BOARD MEMBERS OBLIGATIONS The board deals wf(h the p)licy, strategy. and buslness effettweness of the ¢Nganlsafjon aThJ ensure5 Y(s go) governance, compliance wrth the Liw. code of governance and regulatory requirements. It works wlth the execufjve to ensure thls is achthd, and Is satisfied tlot this year the organisatl)n Is compliant all requlrements. srATEMENT OF ThE BOARD'S FINANCIAL RESPONSIBILMES The Ccmpanles Act 2¢X16 and the HOuThj and Regeneration Act 21J)8 requlres the Board to prepare flnanclal Statements for each financkil year which give a tnje and fair vieY4 of the stste fl affalr5 of the Trust and of the surplus or deficr( of the Trust fcrf that peri¢xl. In preparing those financial atements, the Board are required to.. Selert surtable accounbng Oioes and apply them ¢(Ste. Make judgements and estimates that are reasonab and prudert; State whether applicable accounbng standards have fcAk)wed, subiettto any material departu being dlsdosed and explained in the finanaal ststements; Prepare financial statements C a gcing concern basis Un it is inappropnate to presume that the Tru will continue In bugnes Tr Board is 5)nsible for keeping adequate accounting records which disd¢)se wrth wg)nabk a(£uracy at any time the financ1 posrcion of the Trust arKI to enatrle them to ensure that the financial ststements Cnpty the Companies Art 2006, the Housing and Regenerab"on P£t 2008 Accounting Eirertion for Private Registered Providers of Social Housing 2015. Tr Board is also respongbk fcf safeguarding the a55ets of the Tru& and hen for tang reasonab steps fr)r the preventK)n and detecticfi of fraud aThl other IrreguL7r"e5. Each of the reCtOrS, who are al the Trust&s rf the charitab Company, cMI that at the date of thls report, the folbwing aFplies'. Sofara5 each CX're(tor 15 aware there 15 no WElevant Inf[ThtiOn linf(wmatB)n needed bythe Charivs auditors in Connectic with preparing their reFW)rtl of which the Chaws auditors are unaware,. and Each Director has taken all the eps neSSary to make herself I himself aware of any reVant audit information and to establlsh that the Charws audrtors are aware of that infimab"on. INTERNAL CONTROL Board is respongble for ensuring the effectNeness lrtemal Contrd and this is a responsibilty whKh cannot be delegated.
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Independent Auditors, Report to the Members of Quo Vadis Tnjst (Continued) -.ls tnrt nf ?M audit m accorthnce with l.%_l% (Llkl wt exerctsc profes21 jud%Lnnefti and mlluJ12ill pnifL-%5j<)n %CLPtiCl%n] thr(IUkhi)ut thL auJit. IIL al%<)-. IIlLlltIfi" and A%.%C.4% thc n%k% ¢)f Inatetl mi%tAiemcnr OE the hnin(Jal statofflcnts. whethcr diic fr2ucl ¢ir crAbr, clc'swi qiid PLrliirn)'audit prilCLdurL% t(} Ihi)SL' ti%k%,and (Jbrain audit LidLtlCC that i% %uffKiL'nt iiid appft>prntL' pfi>iYdi fi)r iiur iipmiiJn.'IbL fIk i)f n()I IiL'tL'ttJnK ll [ThatL[l [nit(.[LllE fL%U]ti4. I)[[) frAud h.hL[ thali l<)r (InL fLUlIl I Iliiain an JnrLYoal ci)nmJ rilc%'ani ri) rhL au(lii ¢>r(l¢r ti) pr(KLJUrc rhar arc 3ppniprur¢' io hl cifcLlm%tsllcL%, biii ni)t fi)r thL Pu(>$ (Jt ixpfLS%lnX (ytlliijll cm rlii Lfficfii'irlL'q% ijf thL a%%iJClathbll N IntLriial '.valu.'Ite thc 2ppri)p(1cc ¢)E acc¢)untirw p)licics uscd and thc rcssonablcncs% i>E acci)untinx cstiin2tC% And rc'12tc'd Ji5cIIiLL[Ls tiiJJL b) IliL FSiKird IM'mbL'fb. .(>iicluJ¢ rhL' appri)pnatL11L'i% (If l- Ik4rd mLYnlK'rs' usc. ijf i. 2lMng c¢Jnurn i)f aiid. ba%ixl i)ii rhL' 4(1[>n. Abilli! ti) t(JyluluL kl(AnkT ccJyic¢nl. If .{ c(xb¢lud¢ ihaf a M$t¢r¢ uJl¢¢l¥lthty' i(> Jrjw at¥¢nty)n in i)ur ayJii(bT'% 1¢> ihL- JL%th)%UTLY rh¢ C1[11 (IT. If iuch Jii¢li>iur¢% Jrn I'L L<KllilllJnlCItL Wltli tlifknL ry1h ktywiYnaThcL 2iiiiJn% ¢JThLf Ihi pliiin<J sciy. 1nJ tlilllllm JTlil %lkTrilifii.ITif ALidir findirt. incltsdirtky n%' brn¢fi¢ni m inrLmal ci)IlTT¢d rhai WL tyJL'nr¢f¥ Jun11MY <)UT iluJIt. i)f (jur rcpiirt 'I'hiN fL'TrJf¢ 1.% 111.l(l(' wJlL'ls' 1(1 ThL' i4¥()¢iiri(bn'q m¢YntxYq. Js j tMMl%'. in a¢¢()r¢lin¢¢' with th¢. l.<).14K'nriic' nn(I l.iJrnTniiiiii!' Ilc'iii'fir SIKic'li('% .ILt •1114. ( Iiir iULlii %¥ibrk Ix'Ln iin&'rtqki11 ththt Wi ffliithi %tsio Ilb t. J.A LLe Ncil Finlay50n (SrnLQT Siatulory Audiior) 27 July 2021 P*J8.' 11
Quo Vadis Trust
Statement of Comprehensive Income
Fot the year ended 31 March 2021
2021
2020
Turnuvtr
4.197.714
3.765297
()PLtaiin¥ c()
Quo Vadis Trust Statement of Changes in ResenTes For the year ended 31 March 2021 Note Restricted Rt*rt-cS Unresiricied Reserves Ttstal BaJAnce ai l April 2019 4,493 1,647,169 1.651.669 17.461 280.945 -Y)8.400 17 Ba]ance ai l April 2(I20 ?1.9 1.950.068 14.1(M 335,036 17 Ba]anL¢ di 31 mch 2021 2.•49.O50 ? ?fli.11)4 Page.. 13
Quo Vadis T( Siatemeni oCFinan(ial Position at 31 Mch 2021 Fi¥edAbKty 12 7&4 )"J&I7L 3154078 LwrentAwet• Debrurs rAyh 41 Ixia ij 21 756 243.923 195 155 963173 741.078 iihin on¢ y¢¥ 14 7.121 N¢1 Cwftni Ab•M• 15 It,4JI6W 11,57A,WI TO1 Nei AM Cwli•l I lilrttrk'l 17 17 h4fbr Adebw Oytnryi lQ*irl P•30.' 14
Quo Vadis Tn]st Cash Flow Statement For the year ended 31 March 2021 Note 2021 202 Nc't cJ%h Intlow fr¢xn activ1.5 RLtUfn% Ull'L,%tmLt (If l.Ipitsl L'XPL'nditUli mYilmLYJt 510,515 lllbl Ittcrta8e irt ca8h in the veat 40.242 Notes to the cash t10. 8trneni li} Reconeiliaiiott of itt tt60urce8 tothet influw frLTrm (bpcr4tln¥ ALtivilir 41•555 89.3-.9 Nct intlow Irom operatin activiiie 697,633 510,515 lill Anatyxi¥ of tiowè . R¢turnw in invcNtmcnts 8crvicin% i)f financc {133.32 r.7 7$1Tr h. Cpital cxp¢ndituic and fjnancial inietment l)J!'ttlLni ti) aiqiiLt(. liclu1)N Pftvrtv #sm'ts 225 478 lili) knolysis drbi Cauh fl¢Jw At31 MAwh 2021 20YJ {.l¥h hank anJ irt IA YJn% dl. ltIlln i)ni' I'Lar 49i.li5 1133.4-.41 1.5-.8.568 ?61J(J) 756.4CA 1140.0891 1.438.6:6 139.94? Total 1210,887 39£636 822,1 P4e'. 15
Quo Vadis Trust
Notes to the Financial Statements
For the year ended 31 March 2021
Accounti licItI
-IhL finanLial y12tLnLt (>t t. RLV%tcrLLi Pr()ILy hal prLpfLxi ]n acc()n12llCL ttth Uli ()LnLiall} ,IccLTrfL.d
I Iiiu%iiiK_ty15. and thL SiatLryn¢Yit liic(bfnmLdCd PrJctit¢ fLr£[¢1 P)1¢ 9014.
AL.tIng CunvtutiOTI
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G()1 ¢()nccrn
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itnplL'illL'lit(%l in i %tfllL'¥K iTrJ iunLI)' y. <$unn% li)-tyffl financial %tablI..
Tiirni)ver
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Quo Vadis Trust
Notes to the Financial Statements (continued)
Fot the )"ear ended 31 March 2021
Accounti liCIt8 Icontillucdl
DL'prLctL L% pr()( thL' C()%t tNKJ-priwYtt" hxLMI . LWI Itu][ u)tal[Ll)ts it thL IitLs. in ()rdLr
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'.tIKI..Iii{I Il¢irsnirl!' I I
Quo Vadis Trust
Notes to the Financial Statements (continued)
For the year ended 31 March 2021
Accounti liCIt8 Icontillucdl
Cash attd eash eqiiivalenis
.lh Jiid CJh LWlI'JILnN IncludL h &pssiL¥ hL413t ail b3n]ts and ()thcr %hi)rt- tctjn b4uxI thLSt[nLryJt ryth
Driwiial tnllnintlLb ()t thret m(K)Ihs or les
FittttLiAi iibSiruttitttC9
l.IiiAniiAI iil%rriiillt'ni% afl fc'ci¥ni%ed in rhe ak%#1.¥ balance sheet when the pam. tliL' OintrActual
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Tn%trumLni 1sstlL'b ()1 I.IL% I(P ii) all of ils IttmMeIs.
RescrYe8
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Ik.bibpII.'IILxI IIL%ir%l. l<>r I'iirkirL' IllJl[)TLYl%tL Jnd map>t itPAif% ts * ti>
Quo Vadis Trnst Notes to the Financial Sta*ments (continued) For the l.ear ended 31 March 2021 2 TurJN>Ycrand Opcratingsurpkn 20Zi 2021 2021 Opcrnling Opcratiiig sIB Surplus 2020 2020 2J)20 OptTatiDg Opcrating CoBts SuTpIu TUFr%l TurnDvcr IncvtTrr and cxpcndi1ii SDC91 HouuiThg L<ll1 Sts,326 sj.21 3.WJ7,132 Grant¥ and OthcT lncomr fTrm iA)cal Autho¥itirB Othtr AgcncicB iwpiiriiiw Inciiff i118,78A) 58.1fv KtirnCtL 28,YJ ?.1,251 17,4fi1 1)t,rInCon 4 lin714 55 3 7¢ij YJ7 (J53 Page.. 19
Quo Vadis Trust Notes to the Financial Statements (continued) For the year ended 31 March 2021 3 Particular9 oIOptratiDg Surplus H()U%iug irtlings 2021 2021) Properry Managemeni S.1.499 1O4.R97 3.199.3(H },6..}?0 .l_W7 1.1? Expenditurt 1.59 692 416.937 ty41,605 l.W).797 17,486 l. Jg9.370 .li7.063 ) j6.053 981.9?? JJ 1k.bi I'.hJrxL ?0.903 3.-106.?51 ? 966.5?9 K'i)iJi TLyfL'X'nr u)c(>rrx' h)41 LluL' i Thx>m L'mpn. ir L4 Uiiibk. <m in¢(JmL'. Page.. 20
Quo Vadis Trust
Notes to the Financial Statements (continued)
For the year ended 31 March 2021
Ac¢imxmod*tion in
2021
2020
(ILnLrnI and SuppmcJ I l<)u¥J
(.llrL IlumL
20
(IlnLrl aiid suppILd I l¢>Usjng
185
io
143
Ini¢r¢8¢ R¢¢¢ivabk Simxlar lo¢ome
2021
2020
850
Iniere#t Paythble Ind sirni1 Cha&
2021
2020
IntctLs1 pa¥ablL <)n h(4Jslilk ¢Lpa!'abk. 'I)llY
(Ir partl!. iti miJfL' than i )'L'lf%
5.-199
Siirplu4 Ordinw Acliviues
2021
2020
14.080
12.957
•.n50
981.9??
.xti'ttial Jililiti>r% rL'muttLNti
Quo Vadis Trust Notes to the Financial Statements (continued) For the year ended 31 March 2021 Dir¢L'¢OrS' Ethoiuttxett 2020 'I'hL ILtnunLrAtu)n pJ)d ti) thi ko- fflan¥ttnLllt PtNMJllLI fht R(1¢1 l)riJNlclL'r Ithc IliyAfcl. thc (-hJci Lxc(utii-i' and Lhi'r ttLembcis ot thL. ScnK)r lana%LmL'ilt'li'atnl .$.. '.tniilurnL'nt% IincliidinK pLYb41¢)n c¢)nmbutMs.cfflpk)IT insurancc and ?•1.9?7 901.?.19 .miJlLITIILill% ILxcliidinM lILI)ll Ci)tiinbulJ(Jn%l inclu¢k. am$ aicriiLd til tht hixhLSt paid diiLYtor 74.(KbO 70.?00 'I'hL (.'hiLI' I..XLiUIj%'L hJ% A petsi)nlll si¢M1 ti) the.1[[]jrt C(MiLbUtcs a IIXLJ pLrCLtiiJMfL iJI' L(Miincil bJJttry-. 4.172 'I'hL' ¢>l".Ilana%L'mL'nr arL' n(>t ¢'xL'curivc siaff fflLynbcrN rcc¢i%'cd n¢> cmi)lufflc'nts dunnkT thc. y¢'ar12OJ).. £01. N¢> I•O•O.. O) fftL'mtx'r% ()1 thL ?2[ ¢if N1llna8tyncnr'c[l. rcifflbiirsL'd rr3vcl L'XPLIWI'S IW20.. £nill. Empl¢¢ In(ormtL()n 2021 2020 'I'hL' a%'L'fabkL' L'l'kIl. niirnbL'r 1>fpLT%(s (inclEn8 (-hiL'f I'.XCCUliVL'I Lmpl(i}'Ld dunnkp rhL ¥'Lar w,. 36 10 29 tstl c(>Sts If(Ir thi Jlxwi P¢Y%i)ng ?J6,0?3 16.4>8 35,5-. 4 I,1_.890 98.429 l)IhLr In1M ¢[)$t4 10.(100 1,4•8.Oi5 1 •60.836 'I'hL' nutnbcr ¢)t cfflpl()!'cc$ wh() r[cd tiiral rcffluncraiion lexcludmR <1) cimrnbiiii<Jlls1 IXCLLdllik L611.iKMJ ijr 'l(l.: 2021 2020 £60.OW t(? £69,999 ro.000 t(1 f9,999 10 Taxtiott 'IEe RLKistLttd Pr(Jl'JdLtL% a gIStered chllrili its u]S fctrr the }(*( L% Ilotc[PbJc t(J C()rp(Jrats(m tsx. Page.. 22
Quo V2dis Trust Notes to the Financial StatCTncnts (eontinued) For the year ended 31 March 2021 ll Properry Fu£edAssets Frtebtsld SILOrt lastbo]d Improvemen Tot] CA)St 8V&.678 68i.530 155.984 3.572.208 15i.984 I8.678 l.i14 3.728.192 DepieciauDry 141.4 Jl.165 308.471 105.4?4 9.911 lJ6.589 17161)5 413.8r)5 Net V4lue ?714.n73 477b19 174>.?38 177.f)59 12 Othei Fixed Amti Mi)t Vchiclei Office Furni1u & IT Hatdwx Total C¢)Xi .ltr l .Iprnl l)20 i().4)0 iO.?i6 41,979 56.421 ?7.-515 ?41.??.5 10.41N) -lQ4.319 Dtpit¢iatiott 10.4(4) 1111.463 4.394 49.820 &631 21?844 I,'IttnlnJtLd <itt d1¥pnl 10. I2257 i8.451 227 840 Net Bnnk VAJue J3.784 9.1)8) 436 -32.-181 Pag2.' 23
Quo Vadis Trust Notes to the Financial Statements (continued) For the year ended 31 March 2021 IJ Debtorn.. AMInts fal]ing due within one yek 2020 RLnt a[ SLrvJcL cha¥c 15od JL,ht PY(Il'LNII)fi •61.-,38 95,5?1 .ILifuLd lili(Jtt)L prLpllIYnLt 34.136 3•.831 14 crtd1to.. Athouibtg falbttx vritbitt On¢ y¢¥t 2021 2020 56.J04 38.56• 54,1(H 5S.6?0 J().x%o 31.979 I).(189 4fy.1.114 15 Ctoditoth.. Am¢)Ullt# falJitt# dut a(ttt thath ott¢ ytat 2021 2020 1.4.58.676 IiiclLlIli'LI wirhiii tliL' bank liyAn 14FAncL' al. affl¢iuiit% fi4libW.4'. IILfivL'Lrt ittd fivL }'CI (h.L'r fivL' I'c'Ar*' 4(1.1.11 Ul.nR(J 'INB Imnk and if(. rtp!ablL b!. iii%rillmil1ts at intifL'%t ratc4 (Jf 4.6NQ and 5.71'/y.'IhL'%L arc curlY1 [fL1)n1]S buddi.. IK.11£th8 ri? thL Ehartn.. Page.. 24
Quo Vadis Trust Notes to the Financial Statements (continued) For the year ended 31 March 2021 16 Resiricied Reserves l¢)vcfflct]t ¢)n restnctcd rcvrYL% Llunnp the %Thr wTrc as Eo]hJws'. Brought Forn'ard Incornc Expendiwre TrAllSfers Carried Tronvard 1177 1.474 16.803 12.070) li781 1111(Al 18961 4,639 5(X) 15(X)I 1468 107 (J(x)I ?.LK)O 2,(kn11 '.1M IJI. I l¢lp (.lJI' 19 1.1)Inmyrtin' l.uthd 15(X)I 11.0801 9.914 ?.980 333 18.39f) 1714 13.131 ?.798) 12.7141 15.601 4?.61) ?H..51AI NAnlmiil l.IitrL'r!. l.iiinrr)uiiin. I'unLI hai-L' pr4)i'Hkxl (undirbK i¢>wanl¥ thumii(bnJl ih<'rAP} an¢J w4)rkbh(y$. 'iitrrfi%i Jnd I'.VL'ntlirit< lia%'L pfi>l'Mk.d futMiinkF t(rttr"Ard% nutiitK>nal l-r#P). aiid WY>rkshiip4. and hLAlih¥ Lamnhp %L¥%LI), i>nL t¢> ¢inL' [r$i)nAl artd likL 4kill% ind c(mimuttiry- %iJstaiiiinLnf %rkh(4)%. h¢xL%L'S l.'knnr!' his'L' pr¢)%'xk.d fu1111& II>T llClll'inLW. p)IC.cL isjd (.'hribima.4 CLILbrati¢>fi. 'I'hL, (.11-Iy I.111 (.i>inmiiiiin. I'iiiid pTh>%'ith.d fundiiix Iijr actti'i¢K'% aiid pn)jc(ts. 'I'hL .Intr>ttiii l.aflu£ii(k I'uttd Pftkl-IdLd funthrtk fi)f J NttrdLlllnk PLl. 'I'hi, 51111 Ri'aili'r l.IinJ pci)i'idid funi11% f¢>T a Rar(7% Pf(jLYr. 'I'hL Nqty)niil l.()rrLr! l.(iTnTniinJn- I'iincl PT(>i'KliJ f a pilnr pv4c(t f¥)ra Pb!Yh()l(NryFr clicnts. I.(mJ(m l.Ih..litpiJrt hAI"L pri>%.la (undinh f()t hLilih!" Ltin¥ art thLrapy p(LLI. HL'xIL¥ InfiCti(Jll (.()ntri)I tijndink prill'hled futML% to %uppKt %taff i%oLgtsrJn and %afe I'LtIll durinx rhc (.()vid 19 pandLmlc HLxIL¥ RJpid-Ii'%iing funJiii& proi'idcd (und% io %uptM>rt 19 tests for %taff. Page.. 25
Quo Vadis Trust Notes to the Financial Statements (continued) For the year ended 31 March 2021 17 Unte8¢riCted R¢8¢rv¢9 l()VLmLTIt <)rt unteliricted ttsen'ts duttn% the l'trar follows". Broughi For%Yard Inubrne Expettdimre Transfers Carried Forn'Ard 10.LTr)O 10.( I0,Lo UnT¢8rncr¢d ¥¢(raI l.V8.114 4.145 J J? {3.834.4011 ? ?.19.050 LlnrL'%trictLJ r¢s¢r¥i% t¢>tJl 1.9?11.114 4.1 jj.357 1.834.4111 ? ?49.IliU Page.. 26