QUO VADIS TRUST G)mparLy Rtxi%ir*iion No.. 05876659 c.h￿11. Nii.. 1116196 Re%ulaior of s￿.1￿1 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*n￿￿S Stritcml'nt i)1 l.IbMprchcn￿1'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, liabil￿e$ arKI operations of Quo Vadis, a Char￿able 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 AdVi￿lS nkers Lh)yds Bank 3rf Flo)r 25 G￿sharn 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 d￿ritatIe c(*npanls trustee& The fc4kMng seNed as d1￿CtorS 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 Ap￿￿nt￿ 20Q4-17 Re%gned 13-11-20 Apwnled 25-05-17 Apwynted 2Q￿s-17 Ap￿yn￿l 25-05-17 Apwmrted 09-02-19 Appcinted 25-05-19 Apwynted 20Q7-20 Page 2 UO VADIS TRUST Board pre*nts 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 wellt*irv4 is adversety affetted by mental ￿ physcal ill health or frailty and to pr￿Ide or faolitate the provisK*n of ￿ltable suppcrted or unsupported ial housing accomryvjdation arKllor care and SUp￿rt that meets tsEir needs, 5UPPOrts reroV￿y, 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, cl￿nts, their tsmilies arKI l(tal authorrty ctynmi%ioners 0￿rate. The first l¢xkdown gave way to a period of ffl￿e open workj.ngi whKh was sc¥)n followed by fUrt￿r reStr￿t￿n$ and a retum to l￿down for the final quarter of the year. The measure5 Imp￿Mented as set out in the buyness conb'nuity plan cL￿tinUed and included regular advice to aff and clients, prOhIb￿ng VISIt￿S to schemes. ImFlementing strict hyg*ne 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 deli￿ry, induding hybrid workn'ng yjch that the management tsam believe that efficiency can improve across the organisatjon. Strong ccmmts4￿er relatI￿shIpS have kd to the 0￿Ing 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 d￿nts who have preV￿usty been hon*less. The Care Leaver scheme by cOmpa￿s0n was set up in conjunction wrth the London 8￿Ough 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 ccMMen￿d in eamest duriThJ 2019 has contr"nu8J, wrth fundlng recelved to emplov psychol(*Jist lor a 6-month pericK1 to pr(N￿e wpport and counselling to dients ¥yho f nd obtsining such provision dIfficu￿. The projett is a pllot, wrth rts s￿￿5S 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 t*puty 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 St￿￿t￿ following completKJn of the goa15 set out In the wevious one. Although this was a year earl*r than planned all con￿Med 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 gr￿th. and enabling d￿nts to grcw thrcwh hdlstio targeted InteNentSon that Is embedded in Q￿.5 offering. The Tru*ee5 are enthUs￿$t1( that the rEw strategy can pryl to an era of better outcomes for dlents and growth to seNe new geOgraph￿S and s￿tr￿S 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 TrU￿S staff to er￿Ure 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, eXcel￿nCe, 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 U￿eT manage￿￿nt at the of the year. surplus for the year increased fnxn £298,4C6 in 2020 to E335.036 in 2021. nvir nm operating environrT*nt was diffiajlt due to the CoMd-19 pandemic, but nonetheless there was SUC￿$$ In contrclling the v￿d cost wrth r( iThCrea￿ng 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 aCkThY￿￿dgeMent that the prewous goals had been met and hence a new plan wa5 required. The key elew*nts of the *rategy are Expertise and hNJh qualty servts Diverslflcatbn Holistic dient InterventhJn5 Revlew of the Year the detrI￿d 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 st￿0M$ Trustee positions are advertised widely thrO￿h YKkil n*dia 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 prC￿ess. 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 t￿rd members is achieved who have the relevant skills to support the Trust. After Intervlew, a reccfflMendatl￿1 is made to the and aprKJlntment made for an Snitial temi of three years. Tru*ees are provided wf(h a full indurtion projramme that enatles them lo understand W's operations, be ntrcKju￿d 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 IT￿rf its OFEratiwl oblv4ations and to rn￿9?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, wh￿h is re￿￿Wed quarterfy by the board. The key risk5 Identifi￿ COn￿rrI the efferts of the COVKJ 19 pa￿leM14 quality of servi￿, Serious safeguarding nddents, kvel of voids and Unfo￿Seen 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 d￿rIty. The trustees review the level c( reserves quarte￿ and update the annualty as part of the strategic planning pro￿sS. Paje 5 RE RT FTHEB ARD VALUE FOR MONEY A Value for mOr￿Y (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¥jd￿s,. 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 Cl￿nts are acqulred at or below market rent& Ensuring rna1ntenan￿ cfj the wcpert*s1s car￿d crtrt effethvely, efflc*ntly 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 fU￿1111￿j the roles they are assignej, for the beneflt of our £I￿nts. DelNerirrfJ excellent ￿$teMer by provhling ffl0￿ cost effettNe and effident servlos to our dIen￿ We aim to do thi5 by ersurin9 they recei￿ Val￿ for their rent. Maintainiro tight contrc4 over exFenditure by reviewiffj performarfe on a reguk4r ba&s at Senlor Management Team level and quarterty by the PA)ard. 2021 4.3 2020 3.59% Metrlc l - ￿nVestment % Metric 2- New Suppty Delivered % A. New Supply Delivered {SJaal Houslng UnfGI . New Supk4y Delive￿ (￿)n-￿(jaI HfXJ9NJ Units) % 22.70% 4.20% Metrlc 3- GeariThJ % 23.03% 35.64% Metric 4- EBrrDA MRI Intere# Cover % 437.69% 388.12% Metric 5- Headline Sc(ial HousrvJ C05t per Unf( £17,872 £20,745 Metric 6- OperatiNJ Margin A. Operating Margin {Soaal Hou9rvJ LettiThJs) % B. 0￿ratIng Margin (Overall) % 9.33% 9.83% 10.03% 10.17% Metric 7- Retum (￿ Capital Empbyed % 11.08% 9.37% In add￿'on to the required rnetri(s set out al￿ve the Ix)ard m(x)itors quartedy a set d metri(s belwed to be Crucial to delivering a go)d quality servKe to our clents. As o)rnpar8J to the pricrf year and to target 9)me metrics have improved, athough the Covid-19 patKJetnic has had an effett on the company's abilty to deliver. The board requests that the executive tske action when metn.cs are meL Paje 6 UO VADIS TRUST A¢hleved 20121 lio% Achleved 191zo 55% NIA 27 Opera￿0￿$ 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% AChI￿ed 20121 42 A(hleved 19120 io Dlvetslfkatlon Expansion- units added Ta 15 A¢hlwed 20121 182 A¢hle¥ed 19120 164 NIA NIA NIA C￿ent 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 com￿ete 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 n￿nit￿￿j 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 GOverna￿e Commrttee, whth reviews and advises the P*)ard cfi all asFects of governance. The Trust ccmplles with relevant ￿gi￿ati￿. Ctroperative and Community Benefft Society P£t 2014 Housng and Regeneration Act 2008 Accounting C)rection for Private Registered p￿derS of gjaal HO￿ng 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 HOu￿Thj 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 financ￿1 posrcion of the Trust arKI to enatrle them to ensure that the financial ststements C￿npty 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 ta￿ng 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, c￿￿MI that at the date of thls report, the folbwing aFplies'. Sofara5 each CX're(tor 15 aware there 15 no WElevant Inf[Th￿tiOn 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 ne￿SSary to make herself I himself aware of any re￿Vant 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. In F*£ lo trthe r&& Dth 20J*ZO21 Independent Auditors, Rew)rt to the Members of Quo Vadis Trust op1￿￿ X c. hai'l aii(Iircxl rhL' trifiancul %thtctnLmr% ¢)f (}u¢) I'a(Ii%-I'aLil li)r th¢ l￿[k.￿ 31 Ilarch _YO?I which c(Impn*C ihL %taicmLnt .i)llipYihL'll4ll'L Inci)rnL', rhL.Statcmcnt ot (-hanw m Rc%Cn'e%, thc %taiemcni I'inaiiiial IJ¢K*lllim, thL. l.aqh l.l. I'ijr thL' ertded. hail EILLn pri)pcA!' prLpand In arcL)rdJnc¢ wilh l.'nJrLxi Kinwti)tn cyl￿¢[￿]11..K(C¢pr¢J.Kcrl)u￿ri￿, rariJrL: and liaiL bL'Ln prL1YJrLxI in ￿cLI>[d.￿lICl With IhL T¢qulrLmLthlN l)f rhL. (_iJmtt)uillt! HL'nLfir qiJilLbLi .lit ?014. IhL' I l<)u%iii¥ ancl RL'x¢YiL'rAii(bn .Ici ?(K)8. thL' .Icc(wniinK I)Ir¢'ctii)n f¢bT I)avaii Rigi¥tL'rLII I)ri)￿1￿L.r￿ i)t ￿KIal I I1)U￿1￿ 19. And ihL' Siaiitiitni ¢>l' Reci￿rnLy1￿1L￿l I)rActKI' rw%iLrcd %iKtal hi>u%inx pftbkxlL'rs ￿)18. B#8ig for opinion XJL Li)iiJLlitiil Ibiir AuJii irt ACCiirdincL il'Lth Inicmaimmal %tJiidlltd$ im .ludinnM (Llkl 11S.I..ILIKlJ ind applical)IL. I.. rc*Pllllknibilitl¢* und¢r th<)*L itAndarJs #rL funhLr JLscnlx.d in ihL-.lu(lJi(br'* Ii¢yxbnhJbiliiK:- ¥LXnlJn i)l- ljiir rL'Tr)ri. IXL. .Irc' ￿￿tTl0￿L.￿l ijf th¢. in ic((TrT(lancL wih ih¢ lihic￿ riquir¢TnLiif￿ ihjr AT¢. rL'ILI'JiiT rii Iiur AppriipnAIL' Ilb pnii'idL' f(bT (bUT C()nL'luMii)nN rel&tinx t() X()LnR c()ncern { Iiir rl's￿￿1¥111ll1tIL'% .'Ind thL YL'ymsibdLtX'Y thL Mlyn￿'ry piLIIX C(MiCL'rn iri. dLsiriI)LJ iii thL' ri'll￿￿111 OihL'r in(i*rni#ii()n 'I'hL l)IhLf iiltijfillJtrii)n Crt. i)tk.f ihan tlK. financial %tatl'rnL'llt% and iiur mi%%tJtLtllLtIt% I4"L afL fLYuLrL￿ ti) &.tLmllttL wlk-thL'f thLfL- i% a m*tLYEiI mi*%ratL'lnLilt itt thc finaniiil %rAtLrnLnt4 1)r 2 1hatLtial [nI￿￿t￿ll[￿Lnl i>f thL ()thLr infi)mLJ¢u>n. If, bJs-cd i)n ihc wi>ik hai'c pcrf(itmcNI, w¢ ¢i)nrlud¢ rhir ihcri 3 fnJtir&il tllj4%tratL'lllL'lli i)t thig f)thL'r iiil(TrrrnaiL¢Jn,wc arL' fC4IIiTLxI rc> TQViTrrt thar fact. 'L ha￿￿ n¢>thuJyF fiT¢>rt in thL4 reprd. Page.. 9 Independent Auditors, Rew)rt to the Members of Quo Vadis Trust Matters on thich we are required to report by exception In thL Iixhi iitr Thc kn1)￿1(.11￿L Jnil iln4{Lr￿ra￿￿II￿X 4)t ihc c¢>fflpani and ity cniw(￿fficn1 (kntaincd in thc c¢)Uf%L' (?( thc au(lit, ￿'C X'L havL tlc)Iliin¥r [i) fLPi)rt th rL%lXCt l)f IhL l01h)￿)ng i%'hLfL' the (￿-{￿rati¥,e and (￿￿￿)￿niT}, Ik'nLfit ￿)￿l￿L* ilct 2014 rL4uJrL* tl) ILPI)rt t(> !'(Ju il. u) (&ur I)p￿ll￿-. #dL'411.'ItL' Accibiinnnx rL'cilTcl% hal'e Th)t kcpr. L)T Tcnim% aikquate E¢)r ￿]r *udii have I￿.￿ ri'ceivi'd fri)In branches tIIL IiIlAiliiJl %[￿tLML1It4 rti)l Jrt apLtmetti ￿'1th tht llccuunttnx knd retilrnts." LLltJin di%cI(hurL* ()f rLknuylLrJtx)11 b!. law arL ￿￿L- ()[ 'u h￿vi rt(&t T¢t¢i%'id all r￿. Inf(brttJats)JJ iApl#naliUn￿ requ￿ f(Dr uui awlli. RL'Np()nNibiliiicN (If B[)￿d mcmb¢T% .15 ixplaiiliil illiafi l-lilli ill thi Ill￿A￿a rL%tMM%ib￿lt1e$ starcmenr. rhc MefflI￿r¥ 3rc rc4Ym%iblc f(Ir thL' prcparAriiin i)fr tliL' JLtLfmiil¢ L* n(i¢￿￿ary [() ¢n*bk. th¢ pr¢FJr4u(M) f￿￿¢1￿1 biaiLm¢rtts Thar at¢ tr¢e (r(Mn wterwl mi￿￿tat¢￿tIlL wh¢ihir du¢ lil In prlpariiix thl tiniii£ial stati1nl￿l￿ IIK. Ikiard tnemF*rs arL' (L'y￿*1b￿. fi>r asM'ssiii# i￿. chgritablL' Cijiiipansr % abiliry, lil ¢iiiltlillll jilTli¢tTI. dL%cli)slil￿ apphc2biL. Inatt¢fb riknr¢yl ¢iJilfLm aiid fhL ￿￿￿11￿ ¢i>TJiini blsib ijf UCClJuiinTlkP IITIIL%¥ thc Ik)aTiI Incrnlx'r¥ Lith¢r ini¢nd i(> I￿4U￿lJIL th¢ a>H)curiiJn iij I)￿rAt1￿￿%. (JT hA 11¢> riJlJsiic Auditue$ re$w¥n¥ibiknrie¥ f¢)r the Audii i>f the f￿4￿¢141 ¥iaitmL'n Inl%￿1￿1¢1lll,1)l ￿,}lL'n It L'*J*l¥. IIIN¥raiL'mLni¥ ¢An an% fraud i)r Lrry)r arL c(￿7￿￿1(.rl(I rnJrLrwl It. Individuall¥ <)r Iii %tr.ItL'mL'nt<. Explan4¢if￿￿ ¢() wh41 ¢xitrLi Ihc owli¢ ¢nll8idcrtd ¢*pAhk of d¢tC¢lill% i¢r¢%ul*iiti¢$. indudin# ft•ud til IrAud. thft>Llk,li di%wFnLlibk And iinpl fL..%piiiid ai?priry?riJtL'I!' ril Ili'iiiii()n ()I' l-raiid uirh b(iih [nanaL￿￿¢.￿l and ihi)* (hark￿￿1 ￿1[h w￿.{ma11[(. {)[ rliL cliinrJblL' C(JIIIPAII}'. Ki i>l)kainLd Afl iinLILr%kA11diny khL IL￿1 and YL'%qtLat¢>ft- fL'4ujfLmLttt% appliczblL l(1 thl thllritlllilL t(>mpaii1 and t(itt%idLtL.d 20011. thL RcL(IminitidLa PrJcticL f¢>r rL'yJ%tLfid >(￿￿[ prtsi'idLr$ 2018. Iiid L'K lin￿7(1￿1 rL'P(Jrtiiib.'LLiidard.. . 'inArtiiJl IILIX)rtirt¥ l.<)UIILI1. i i)l)talrtLLi undLtstrartdinkp (Trf h¢A4" thL charitabk. Ci)mpani C1)mpl￿$ ￿1th ihL'SL rL'yLfL'mL￿ts b!. di%tu%s1{m4 ￿1th .d bi, thi. I"rJLid h(IW It tniLht i)iiur. kn. hi)Idinxdi%LUssl¢ms 111th mAn¥Lrt'nt and thI>￿- ￿'1th Kry)I'LrnJnLL. i In4UIILd tnznJkFLmLYit atLIi th￿￿*L tha￿L￿ Ki)I"Lrn2JJCL fi) ath!" (If fi()rt-ti)tnplL4nEL (>f 4U%PLLtL n()n-cibmpliancL ￿'1th IJw£ anil Tcgiilan()n$. i)Il tIiL% UtidLf%tJiiditly. %¥i dL%Wlid SPLrific anTrri)prilltL audit Pttjcedureb t(p *letJtif> in%thncc% ()f n()n-c(JIiipliancL with lllw% t(￿￿1&￿11)11¥..lThL* ultluiiL.d mJkiti¥ LliqititiL% i)f than4pllclltartd chatpl ￿1th ￿n)￿L￿tt￿l)cl and iJbtraittJnN' addiiir)nal cr)[[c)biirJrii'i ci'idcnci a< rcyuircd. Page.. 10 Independent Auditors, Report to the Members of Quo Vadis Tnjst (Continued) -.ls tnrt nf ?M audit m accorthnce with l.%_l% (Llkl wt exerctsc profes￿￿21 jud%Lnnefti and mlluJ12ill pnifL-%5j<)n￿ %CLPtiCl%n] thr(IUkhi)ut thL auJit. IIL al%<)-. IIlLlltIfi" and A%.%C.4% thc n%k% ¢)f Inatet￿l mi*%tAiemcnr OE the hnin(Jal statofflcnts. whethcr diic fr2ucl ¢ir crAbr, clc'swi qiid PLrliirn)'audit prilCLdurL% t(} Ihi)SL' ti%k%,and (Jbrain audit L*idLtlCC that i% %uffKiL'nt iiid appft>prntL' pfi>iYdi fi)r iiur iipmiiJn.'IbL fI￿k i)f n()I IiL'tL'ttJnK ll [ThatL[l￿ [ni￿￿￿￿t(.[￿LllE fL%U]ti4. I￿)[[) frAud ￿ h￿.hL[ thali l<)r (InL fL￿Ul￿Il I Iliiain an JnrLYoal ci)nmJ rilc%'ani ri) rhL au(lii ¢>r(l¢r ti) pr(KLJUrc￿ rhar arc 3ppniprur¢' io hl cifcLlm%tsllcL%, biii ni)t fi)r thL Pu￿(>$￿ (Jt ixpfLS%lnX (ytlliijll cm rlii Lfficfii'irlL'q% ijf thL a%%iJClathbll N IntLriial '.valu.'Ite thc 2ppri)p(￿1c￿c￿￿ ¢)E acc¢)untirw p)licics uscd and thc rcssonablcncs% i>E acci)untinx cstiin2tC% And rc'12tc'd Ji5cIIi￿LL[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(Jyl*uluL 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¢ C￿1￿[1￿1 (IT. If iuch Jii¢li>iur¢% Jrn I'L Lr li1sSC4 fi>r thL' acci>unrin8 >cars $h(lA￿ i>thcr IIKludcxl In rhL' %VAIL'mC'iif (bt Li)mpr¢hLn¥iYL in¢()tryL'. Page.. 12 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 m￿ch 2021 2.•49.O50 ? ?fli.11)4 Page.. 13 Quo Vadis T￿￿( Siatemeni oCFinan(ial Position at 31 M*ch 2021 Fi¥edAbKty 12 7&4 )"J&I7L 3154078 LwrentAwet• Debrurs rAyh 41 Ixia ij 21 756 243.923 195 155 9631*73 741.078 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,%tmL￿t￿ (If l.Ipitsl L'XPL'nditUli mYi*lmLYJt 510,515 lllbl Ittcrta8e irt ca8h in the veat 40.242 Notes to the cash t10￿. 8t**rneni 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 i*n invcNtmcnts 8crvicin% i)f financc {133.32 r.7 7$1Tr h. C*pital cxp¢ndituic and fjnancial inie*tment l)J!'ttlLni* ti) aiqiiLt(. liclu￿1)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 y12tL￿nL￿t￿ (>t t￿. RLV%tcrLLi Pr()I￿Ly hal￿ prLpfLxi ]n acc()n12llCL ￿ttth Uli ()LnLiall} ,IccLTrfL.d I Iiiu%iiiK_ty15. and thL SiatLryn¢Yit liic(bfnmL￿dCd PrJctit¢ fL￿r£[¢￿1 P￿)￿￿1¢￿ 9014. AL.￿￿￿￿tIng CunvtutiOTI 'IIIL lili￿lIl￿1 %t.'ItLYIILllti PfLpfLd urhder ￿￿- hL%li>tical c(%1 Cl>nvethThirt']￿. fimfici*l sfifiYllLnt> arL pfLPXfLd Jii ILlnJ. G()1￿ ¢()nccrn 'IIIL Iiii.Iril Ii.IlL W￿.th¢r th¢. i>f thL kry)ty¥ ¢{)n¢iYD Iwi4 i* •ppAytiaic atwl havL ¢(Jn*JJ¢YLQ Li'{'nts ijr c<)niljtiiin% rhjt mib>hr Cjilx %ixnihcini d¢Mibt Im ihc abilin. thc rcp C¢mtinuL a> a kplililx C¢incL'ni. 'IhL b(IAfil liai'L' (nJ¢lL' Ihi.4 a4%L'54mL'ni l¢w a tKvitxl rjl ai k'a¥t I'LW frtjm thL' ikniL' (If arTr¢￿'￿I ihi. financ￿) $Mri'snL￿rs. ,IfrL'r Inakiii 1114LilrlLb Iii ￿rIlLU1￿[ IIIL IM￿{1 ()( th¢. (.i)IHi-19 irh¢lMll¢ aiid (prJl11I11 cifL'4L'L'AlilL. tiinir¢'..%lywlcl ih¢' )Mr￿Cl tit (.11%￿-1() rt'4UWL' a rcJucivin MI L'xp'iidimrL' lir iiiipJL'll)LS)laTi¢Ill (il. lil'￿, i)t wibrkink,. th¢. Ill ¢nAi1ax¢Y￿.D1 ar¢ £(￿rI(￿￿1 rnanax¢Yn¢'ni will ￿. abiL' d¢'i'L'h)p i(nplLTriry)r plaiL4 1(1 acliiL'i'¢' tlii4. .'irL' SU¢I T￿[ ThL l()Inpan!' hJ> Unrt'%inciLd funds r(Tr Lfft*blL ninl fi)r pl&n% Lx. Lll'ifili>￿LI .,Iilil itnplL'illL'lit(%l in i %tfllL'¥K iTrJ iunLI)' ￿y. <￿$unn% li￿)￿-t￿yffl financial %tablI￿.. Tiirni)ver .1 iifilr>¥'it tLprL>LnrN IIlC<>mL. I'ri>m k.Tnnhr*. IiLNJS[LtL￿ (.arL I IIMIIL f¢xi, *m(iiLIlTs fi*LIIYLd UiidLr Supr¥irrink, l)LY4)IL C(11)rrAit 'Irhifl IiltimL I'r TLIl*llT% (Ithl'r thiii Thit fLrrLSLntlllkl Ll>fL' rL'ni rLYIiVLrablL' Cl)Iincil tA%. .1111 1111itliiil %trJtcmLSlt% arL' pfcpafLd in %tL'ilinhu which ￿ tlK' furKtii)rAI currL￿(l. (if thL Ci]mwAni'. Nli)liL.tJn' 3m¢?uiir% iii rhL.%L Tangihit Fixtd A%*ttx I Ifaii%lTII PfÉbpi'rrii% ￿1rh t￿. LXCLTM()11 f(Lih(dd knnd art. k¥% #catmuJa7L.d &.pr(tilft(In. .ls%it% ttfL' {MiI!' rapit.ili%(xl ￿'hi'¢L thi. ci>%1 (Il-acyiiiviirbn anLI In%rAllaii()n ¢x¢￿'￿% £l.(MJ). I'rcLhi)Id IAtid And a%%Lt% 111 thL L &pr<*iltiirt). l)Lpfixi1th511 1% chir￿￿ (Jn a %tr.ii¥,ht- linL' r)vi'r ihL' IlNLhil L'f<>fH)fflir lii'c% i)( fixLxl (1)mp)￿￿lr4 1() wnic ()fl- rh¢ C(￿1 if) Ilii L%UllllI('¢l r('%iiliial Nili)c at ihL' Lfiil Iif thL f(Ill(M1n¥ tJmL Ixri()d Rfmil %lfu(tutL 70 1'rAr5 40 1'eaTS ¥'Iiiilr)￿ and Lxtinial dixirs aEhiiMirn 30 1"L?r 20 l'ears (J'th% IK)dits/fJrL'% Page.. 16 Quo Vadis Trust Notes to the Financial Statements (continued) Fot the )"ear ended 31 March 2021 Accounti￿ ￿liCIt8 Icontillucdl DL'prLc￿tL￿￿ L% pr()￿￿(￿ thL' C()%t tNKJ-priwYtt" hxLMI ￿. LWI Itu]￿[ u)￿tal[￿Ll)ts it thL IitLs. in ()rdLr t<) ￿'ritt nlt iach ()%'Lf i%UillalLxI Ubetul lilL f)r IL*>L Iim), ￿h]Cht￿.￿* L% thL %hotTir. T'I. I IArdwAfL' I.LKtLifL ￿nd titttnmy ()trhcL l4UI￿L￿t ?5'/ry 4lr4.ht brtt bnc Operatitt% Leases IIL'as1% afi clas4ltlcxI A% liniThcc ILXS¢% WhCr￿ty ihe ierms oc thc Ica&¢ tThii%fcr %t)b%Tanti#lly all ilK' ri%k% 2iid r￿￿￿ra% i>f K£'nrJl% payahlL' unth'r (yrarinx ILa%e%. Ind￿1￿ any incLY)tive4 rL'ceivLya. art. chxf8cd 11) IliClsmL' ¢>n a %traikbhr lini. basi% i)I'Lr rht ILMI i)¥ rlii fLIL¥'Aiii IL-A% L%C¢PI ￿'h¢re 11N>ilK-r mi)r¢ bas￿ ￿ mi>it r¢Trt*nTanir¢ <>l' Thl tJinL' ￿rTin1 111 whicli LCr)lliimic hi'llLlir% 1¢45m i￿. ILa$4' ak%c'i ari. C(In￿1￿MI. s￿'L￿1 G¢attt1SHG) ththtt Gtania i)rKAIii% J¢jlbll% lJ¢lVL'ni¢nLYIt TL'CL'jv¢xi f(JT ir¢. rL'OW)i%¢xI in ino¥nL (X￿11￿1¢U¢( I￿.¢.T rliL' U%¢tul lilL' ljt ihL' hiiiiylnm priiFK4rty ytriiifufL wTrK'rL ap￿il)bIl. ¢1% I￿[11•￿val (Lxilwiinm lanLII ￿1￿([ ihL ac{wal￿ Ini)JL.I. ( ii>VLmtnL'nr hpfAilt% rL£LII'LiI in rL'sr￿YT i>f rL%I'tlik' l￿￿TrI1111rQ' 1% cfL.dirid Ti) rhL i11￿￿n￿. Aiid LxTriithtiirL liLI)UTif i)¥'Lt tbii ( Ir.'Iiit5 LIUL I'riMn x(>%'LrnrnL'ni 94(￿lIL.% ¢>r TLYLY%xyJ in adY2ncc att. incId<￿ ll% cUrrL￿1 A%x't% (>r luixlitiL% ( ii>VLrntnLnr N7rJnr% tt'tLIILd fcTrf hMJSirty r*Jip>SL¥ 3A' IhL fL'Pal.-mLllt ¢Trf liTra11S 1)& ikpfL'LIIILIII ￿ltI) I l(111lLq '.tIKI..Iii{I Il¢irsnirl!' I I ix. ri'pa}, aNiII.Il?IL' iii iK' rLcyck.J AYKI 18 trcthrcd r(1 * Rim-d¢xl [.*￿TrI Ivf4ttr l.vtyl in¢luJLxl In IJK. >raiLinL'ilI (If fillatt¢￿I ￿1￿1￿<￿ 111 cr('Jiti>Y% 1.4 rLILM4Ld ind r>tinx Proptttit rLnlal sliLJ1n (>N"Lr thL Lili (If ihL' pr(1￿￿.. .In Incr￿￿ In rhL ThLf rLnfAI fna!. atL4L rhf(14.h an ts)crLZ>L In ihL fLntal inc(ImL, I fLduiti(m in kntufL' C(TrSiS. i>f a s4nifiLXnr<￿tl*41I)fft i>f rhL li&. ¢>f thi prtVLTry. Suppoitin% People IiPPlbYfiii&. lTrt'lJplc' Iiir<>mc rcpri'x'nfN iTrK' i?l¥c nf (urrrni ￿)M￿8 lJ¢()plc r¢>nrracts and LS tskLm ri) rhL. Stsrc'tn¢'11r l.<>tnprLhLI)￿lvl Ix)iutiK' aLluunt tJK- tKYJ(xi tv u.hKh it L.tsrL￿. Page.. 17 Quo Vadis Trust Notes to the Financial Statements (continued) For the year ended 31 March 2021 Accounti￿ ￿liCIt8 Icontillucdl Cash attd eash eqiiivalenis .l*h Jiid CJ*h LWlI'JILnN IncludL ￿*h &pssiL¥ hL413t ail b3n]ts and ()thcr %hi)rt- tctjn b4uxI th￿LSt[nLryJt￿ ￿ryth Driwiial tnllnintlLb ()t thret m(K)Ihs or les Fitt*ttLiAi iibSiruttitttC9 l.IiiAniiAI iil%rriiillt'ni% afl fc'ci¥ni%ed in rhe ak%￿#1￿.¥ balance sheet when the pam. tliL' OintrActual 'Ib¢' a%%()Cil¥i()n ha% i'lYt¢xl t4) a￿￿. rhc ￿)yl￿N>￿4 i>f 11 '14*%K I,￿3￿￿￿1 lTh%rnMn¢'nts'*nd l?'()th¢'r l.Ina11rial Tn%trumLni* 1sstlL'b ()1 I.IL% I(P ii) all of ils Itt￿mMe￿Is. RescrYe8 K£'%tricrLcI R<'%Lf¥L% art. YL'CC'ii'LxI frrsm chaiitablc. pri%'itt' C{)rrrfTrf211' iwMIiL% ￿4￿'T(. Ihl £l¢illi)r 112% rL'4II<'%lL'Il tligr ihL' Ik.bibpII.'IILxI IIL%ir%l. l<>r I'iirkirL' IllJl[)TLYl%t￿L Jnd map>t itPAif% ts * ti>lLt tnAiiiiaiii Ir% pribtKrriL'4 Illth a cLintinuiiiK ijf rt'furbishmcnra¢￿ maintL'iixncL'. Pert*iDn Cfj¥t 'I"lii IlihrtsTc"ficl 1'N)V￿lL T IyYatLY a defi￿.￿ c¢mtriixJiitJn r&Y￿11M yclKYnc whL'rn4)!' thLTh' 3krfi'c 11) C4mrriburL Ill an L'iiJpli)%LL alary-rLIjtL￿ p¢n.%¢[)n. l)a}'¢nL'iir% t(1 t￿. tK¢WiI)n Arc cknwLI t¢b tlK. %taicYnLYrt ¢rf (.(MnpT¢h¢n5iVL' IIICIJIIIL. ICC(JUlii iii thL' fiiiaiiLial }L'ar iii which thL¥ Jfl WAyJ611. SiRnifiLHTht Jud%ementw and E8rirn#i Iii rlil appli(At￿lll ()I' r￿. 1tLIry4tLfl￿ lkni%-MILé% aCCf)thirin% ￿￿-cIL%, ThL ￿rAr￿ i)I' IIAIiAMILilliiir 4tL' fL411ifLd ri? InakL ifi rhL PLrtixl 111 thich thL L5nmJlL ¢LI1Nd whLfc rhc f¢itsJ(In AffctLN ¢￿I)- ThaT (If in rhL rKrtth iurrL'nt #nd fiiturL' rKfiiJdx IinpaiftllL111 - RL'C¢II'inbiliti tcnFAI inciifflL' aiid cate I)LPtLclitli)rt Page.. 18 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￿ SDC￿91 HouuiThg Lrrx' h)41 LluL' i Thx>m L'mpn. i￿r 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 (IlnLr￿l aiid supp￿ILd 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'muttLNtin Tanpbli lixrd Page.. 21 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 L*hi'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 ￿lI￿LI)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(Mi￿LbUtcs a IIXLJ pLrCLtiiJMfL iJI' L(Miinci￿l 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(orm*tL()n 2021 2020 'I'hL' a%'L'fabkL' ￿L'l'kIl. niirnbL'r 1>fpLT%(￿s (incl￿En8 (-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 I￿n￿1￿M ¢[)$t4 10.(100 1,4•8.Oi5 1 •60.836 'I'hL' nutnbcr ¢)t cfflpl()!'cc$ wh() r￿￿[￿cd tiiral rcffluncraiion lexcludmR ￿<1￿)￿ cimrnbiiii.?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 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 ￿%￿rk￿h(4)%. h¢xL%L'S l.'knnr!' his'L' pr¢)%'xk.d fu￿1111& II>T llClll'inLW. p￿)IC.cL* isjd (.'hribima.4 CLILbrati¢>fi. 'I'hL, (.11-Iy I.1￿11 (.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 P￿￿L*l. 'I'hi, 51111 Ri'aili'r l.IinJ pci)i'idid funi1￿1% 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!" L*tin¥ art thLrapy p*(￿L￿LI. HL'xIL¥ InfiCti(Jll (.()ntri)I tijndink prill'hled futML% to %uppKt %taff i%oLgtsrJn and %afe I'L￿tIll￿￿ 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,L￿o 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