2020-12-31-accounts

		Page
Trust Information
Report ofthe Trustees
Report ofthe Independent Auditors
Statement ofComprehensive Income		10
Statement ofFinancial Position
Statement ofChanges in Equity		12
Statement ofCash Flows		13
Notes to the Statement ofCash Flows		14
Notes to the Financial Statements		15
Detailed Income and Expenditure	Account	24

TRUSTEES:	RGladwett	(Chairman)	(Chairman)
	W Woolley	(Vice chairman)
	PPainter
	JWallace
	LMilner
	A Pritchard
	A Ridgers
	N Botley
	BHayre (appointed		12/05/2020)
SECRETARY:	ELPannell
TREASURER:	PNebbs
REGISTEREDOFFICE:	19Old Road West
	Gravesend
	Kent
	DA11 OLH
REGISTERED NUMBER:	A3969
CHARITY NUMBER:	210365
ACCOUNTANTS:	Beak Kemmenoe
	Chartered Accountants
	&Statutory	Auditors
	1-3Manor Road
	Chatham
	Kent
	ME4 6AE
AUDITORS:	UHY Kent LLPt/a UHY Hacker Young
	Thames House
	Roman Square
	Sittingbourne
	Kent
	ME104BJ
	National Westminster			Plc
	30King Street
	Gravesend
	DA12 2XX

The Henry	Pinnock and Victoria &Albert	Pinnock and Victoria &Albert	Pinnock and Victoria &Albert	Pinnock and Victoria &Albert	Pinnock and Victoria &Albert	Memorial Charity	Memorial Charity
	Statement ofComprehensive					Income
	for	the	year ended		31stDecember		2020
					2020			2019
		Notes					8
TURNOVER							324,126		317,436
Administrative expenses							(299404)		(326,200)
Other operating income							197		956
OPERATING SURPLUS/(DEFICIT)			5				25)019		(7,808)
Income from fixed asset investments					23,010			21,910
Interest receivable and similar income					~5577			~6367
							~28 87		28 277
RETAINED SURPLUS FOR THE YEAR							53,606		20,469
Unrealised movement ofrevaluation of
investments							(89,200)		285,388
Unrealised movement ofrevaluation ofproperties							1~052071		~142043
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR							1,016,477		447,900
NOTE OFHISTORICAL COST SURPLUSES AND
DEFICITS
Retained surplus for the year							53,606		20,469
Difference between ahistorical cost depreciation				charge
and the actual depreciation charge for the year calculated on the revalued amount							~6217		6,217
							59')23		~26686

			Statement	ofFinancial Position
			31st	December 2020
				2020			2019
			Notes
FIXEDASSETS
Tangible assets				5,958,755				4,939,808
Investments				~1947		110		2 005 137
				7,905,865				6,944,945
CURRENT ASSETS
Debtors			8	39,177			39,707
Cash at bank				~647 15			599994
				687,092			639,701
CREDITORS Amounts falling due within		one year	9	~032			~58,198)
NET CURRENT ASSETS					637,060			581 503
TOTAL ASSETSLESSCURRENT
LIABILITIES				8	42	25		7,526448
RESERVES
Revaluation reserve			10	4~0,908				3,798,992
Other reserves			10		499,968			500.078
Designated reserve lucemc and expenditure	account		10 10	954,506 ~07 543				983,880 2,243,498
				~8542		925		7/26,448

	Retained	Revaluation	Other	Designated	Total
	earnings	reserve	reserves	reserve	equity
		g		8
Balance at 1stJanuary 2019	2,324,213	3,371,994	499,645	882,696	7,078,548
Surplus from statement of	447,900				447,900
comprehensive income
Increase in properly valuation	(142,043)	142,043
Increase in market value of	(285,388)	284,955	433
investments transfer
Interest arising in the year transfer	(4,982)			4,982
Transfer from income and
expenditure account	96,202			96202
Balance at31stDecember 2019	2,243,498	3,798,992	500,078	983,880	7,526,448
Surplus from statement of	1,016,477				1,016,477
comprehensive income
Increase in properly valuation	(571,006)	571,006
Decrease in market value of	89,200	(89,090)	(110)
investments transfer
Interest arising in the year transfer	(5,577)			5,577
Transfer from income and
expenditure account	35418			25418
Balance at 31stDecember 2020	261~ 158	4280908	499968	954506	8542925

			Statement ofCash Flows
	for	the	year ended 31stDecember	2020
				2020	2019
		Notes
Cash flows from operating	activities
Cash generated from operations				~119367	~108 112
Net cash from operating activities				~119367	108,112
Cash flows from investing	activities
Purchase oftangible fixed assets				(68,860)	(45,697)
Purchase offixed asset investments				(31,173)	(30,076)
Interest received				5)577	6,367
Dividends received				~23010	21910
Net cash from investing activities				71446	47496
Increase in cash and cash	equivalents			47,921	60,616
Cash and cash equivalents	at beginning of
year			2	599,994	539,378
Cash and cash equivalents	at end ofyear		2	647,915	~599 994

FROM OPERATIO	NS
			2019I
Surplus before taxation			447,900
Depreciation charges			97,679
Gain on revaluation	offixed assets		(427,431)
Finance income			~28 277
		127,003	89,871
Decrease/(increase) (Decrease)/increase	in trade and other debtors in trade and other creditors	530 ~816	(1,101) ~19342
Cash generated from operations		~119 67	108,112

Year	ended 31stDecember 2020
		31.12.20	1.1.20
		6	6
Cash	and cash equivalents	~647915	~599 994
Year	ended 31stDecember 2019
		31.12.19	1.1.19
Cash	and cash equivalents	599,994	539,378

ANALYSIS OF CHANGES IN NET	FUNDS
	At 1.1.20	Cash flow	At31.12.20
	g	g
Net cash
Cash at bank	~599 994	~47921	~647915
Total	~599994	~47 921	~647 915

2.	TURNOVER
					Number ofunits		managed by
					Registered Social		Landlord at
					31	December	1January
						2020	2020
	Social Housing units —almshouses					60	60
	Other rental properties	-non-social	housing			7	7
	Other rental properties	—commercial				2	2
						69	09
				Maintenance	Otber Rental	2020	2019
				Charges	Income	Total	Total
	Gross rents			261,624	113,789	375,413	365,457
	Rent losses from voids Rent losses from bad debts Management charges			(5,083) ~36.033)	~)0171)	(5,083) ~46204)	(2,455) ~45 566)
	Total income from lettings			220508	103618	324126	317436
3.	EMPLOYEES
						2020	2019
	Wages and salaries					~61272	59281
	The average number ofemployees		during the	year was as follows:
						2020	2019
	Administration
	Wardens

The operating surplus	is stated atter charging:
				2020	2019
Depreciation - owned	assets			1~01984	~97 679
TANGIBLE FIXED	ASSETS
		Social	Other
		Housing	Freehold	Plant and
		Properties	Property	machinery	Totals
					5
COST ORVALUATION
At 1st January 2020		2,908,553	2&379)625	10,506	5,298,684
Additions		68,860			68,860
Revaluation Disposals		481,065 ~5998)	164,050		645,115 ~598
At 31stDecember 2020		~3452 480	~43675	~10506	006661
DEPRECIATION
At 1stJanuary 2020		267,582	81,389	9,905	358,876
Charge for year		63,459	38,435	90	101)984
Revaluation Eliminated on disposal		(320400) ~5998)	(86,656)		(406,956) ~5998
At 31stDecember 2020		~4743	~33168	~9995	~47906
NET BOOK VALUE
At 31stDecember 2020		~3447737	10 07	511	~5958755
At 31stDecember 2019		2,640971	~2298236	601	~4939808

	Housing	Housing	Freehold	Freehold
	Properties		Property		Total	Total
	2020			2020	2020	2019
		g		f	0
Amount ofrevaluation	(720,214)		2,	149,681	1,429,467	784,352
Historic cost	4 177694			393994	4566688	4503826
	~3452480		~2543 675		~5,996155	~5,288 178
FIXEDASSETINVESTMENTS
						Other
						investments
						g
COST OR VALUATION
At 1stJanuary 2020						2,005,137
Additions Revaluations						31,173 ~99 99
At 31stDecember 2020						I 47,11(l
NET BOOK VALUE
At 31stDecember 2020						~147 110
At 31stDecember 2019						~2005 137
Historical cost information
The historical costofinvestments	held at valuation	is as	follows:
					2020	2019
					8
Historical cost					773,023	741 999

DEB	TORS:AMOUNTS FALLING DUE WIT	HIN ONE YEAR
		2020	2019
Trade	debtors	31,424	33,941
Other	debtors	~7753	~5766
		~39 177	~39 707

Included	in trade receivables	are rent arrears off9,978(2019:69,490).
CREDITORSt AMOUNTS		FALLING DUE WITHIN ONE YEAR
			2020 f	2019
Other creditors			200	800
Accruals	and deferred income		~49832	~57 398
			~50 032	~58 198

Designated Reserves
				Emergency	&
	Extraordinary		Cyclical	Cyclical
	Repair		Maintenance	Maintenance		Total
	8
At 1 January 2020	385,876		519,623	78,381		983,880
Interest arising in the year		855	4,658		64	5,577
Transfer from prior periods				(70,369)		(70,369)
Transfer from income and expenditure account	~32.335		46 753	21	000	35,418
At 31December 2020	354	396	571034	29	075	954,506

			2020	2019
Contracted but not provided		for in the
financial	statements

				2020		2019
Turnover
Rents receivable				103,618		98,136
Residents weekly contributions				~220 508		219,300
					324,126		317,436
Other income
Sundry receipts				197		956
Listed investment income				23,010		21,910
Deposit account	interest			~5577		~6367
					~28 784		~29 233
					352,910		346,669
Expenditure
Council tax and	water charges			3,283		3,262
Insurance				8,786		8,426
Light and heat				5,867		6,512
Wages				61,272		59,281
Telephone				1,490		1,407
Repairs and renewals				97,505		136,829
Administration	expenses			2,249		4,546
Accountancy				3,000		3,000
Legal fees				11,103		1,998
Auditors' remuneration				2,640		3,119
Depreciation of	tangible fixed assets
Housing property				63,459		59,432
Other freehold	property			38,435		38,141
Plant and machinery				90		106
					~299179		326,059
					53,731		20,610
Finance costs
Bank charges					125		141
					53,606		20,469
Gain/Ross) on revaluation		ofassets
(Loss)/gain on revaluation		ofinvestments		(89,200)		285,388
Gain on revaluation ofinvestment			property	1~052071		~142043
					~962 871		427,431
NET SURPLUS					1~016477		447 900