2022-12-31-accounts - The Henry Pinnock And Victoria And Albert Memorial Charity

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		Page
Trust Information
Report ofthe Trustees
Report ofthe Independent Auditors
Statement ofComprehensive Income		12
Statement ofFinancial Position		13
Statement ofChanges in Equity		14
Statement ofCash Flows		15
Notes to the Statement ofCash Flows		16
Notes to the Financial Statements		17
Detailed Income and Expenditure	Account	26

TRUSTEES:	RGladwell	(Chair —resigned January 2022)	(Chair —resigned January 2022)	(Chair —resigned January 2022)
	W Woolicy
	P Painter (Chair from			Januaty 2022)
	JWallace
	LMilner
	A Pritchard
	A Ridgers
	N Botley
	BHayre Singh
	C Stone (appointed		December 2022)
SECRETARY:	EL Pannell
TREASURER:	SOrme FCCA
REGISTERED OFFICE:	The Lodge
	StThomas's	Almshouses
	Old Road West
	Gravesend
	DA11 7LA
REGISTERED NUMBER:	A3969
CHARITY NUMBER:	210365
AUDITORS:	Beak Kemmenoe
	Chartered Accountants
	&Statutory	Auditors
	1-3Manor Road
	Chatham
	Kent
	MFA 6AE
	National Westminster			Pic
	30King Street
	Gravesend
	DA12 2XX
LEGAL REPRESENTATIVE:	Third Sector	Law
HUMAN RESOURCES
ADVISOR:	Populo HR
PROPERTY CONSULTANT:	PSW Building
	Consultancy

5. Headline	Soci	al	Housing Cos	t K
					Total Social Housing Units
ManrNment costs				178,724	Managed	at period end		60
Service charg: costs				21,561
Repairs /h maintenance costs				62,805
Other (social housing	letting)		costs							A/B
				263,090 A				60	B	84,385
6. Operating	Margin %
a) Social Housing letting					b) Overall
Operating surplus/(deficit)		from social
housing lettings				77,190 A	Operatingsurplus/(deficit)		overall	(36,48)	A
Turnover from social	housing		lettings	254,851 B	Turnover	(overall)		365,492	B
				3029% A/B				-996%	A/B
7. Retmn on	Capital Employed
Operating surplus/(deficit)		overall		(36,48)	Total assets less current		liabilities	8,675,019
										A/B
				(36,48) A				8,675,019	B	-0.42%

				2022		2021
			Notes
TURNOVER					365,492		319,112
Administrative expenses					(402,679)		(433,903)
Otheroperating income					778		365
OPERATING SURPLUS/(DEFICIT)					(36,409)		(114,426)
Income 0om feed asset investments				20407		193)32
Interest receivable and similar income				3,450		7,107
					23,957		26,939
RETAINED (DEFICfl) / SURPLUS FORTHEYEAR					(12,452)		(87,48/)
Unrealised movement ofrevaiuation	ofinvestments				(4435)		236470
Unrealised movement ofrevaluation	ofproperties				0
TOTAL COMPREHENSIVE INCOME FORTHE YEAR					~16,788		1483)83
NOTEOFHISTORICAL COSTSURPLUSES AND DEFICITS
Retained surplus forthe year					(12,452)		(87,487)
Difference between a historical cost depreciation		charge	and the
actual depreciation charge for the year calculated		on the
revalued amount
					(I2/152)		(87,487)

		Statement ofFinancial Position	Statement ofFinancial Position
		31st December 2022
			2022		2021
		Notes
RXED ASS EIS
Tangible assets				5)859,621		5,902,164
Investments				2&179,144		2,183,479
				8,038,765		8,085,643
CURRENT ASS EIS
Debtors		8	34,132		38,985
Cash at bank			680461		5873)27
			714,493		626')12
CREDITORS
Amounts falling due within one year		9	(78438)		(20,647)
NEI' CURRENT ASSEFS				636455		606,165
TOTAL ASSEfSLESS	CURRENT	LIABILITIES		6.676,619		9,6916166
IBSERVES
Revaluation reserve				4412,414		4816,772
Other reserve				2,955		500,474
Designated reserve				3,859,650		954,506
Income and expenditure	account			300,000		2,720,056
				8,675,019		8,691,808

		Retained	Retui uation	Other	Designated	Total
		earnings	resene	resenes	resene	equity
Balaace	at 1stJanuary 2021	2,807,543	4,280,908	499,968	954,506	8,542,925
Surplus	&om statement of
comprehensive income		148,883				148,883
Increase	in property valuation	0				0
Increase	in market value of
investments transfer		(236,370)	235,864	506
Interest	arising in the year transfer	0	0	0
Transfer	&omprior periods	0	0	0
Transfer	from income and
expenditure account
Balance	at31stDecember 2021	2,720,056	4,516,772	500,474	954,506	8,691,808
Surplus	from statement of
comprehensive income		(16,788)				(16,788)
Increase	in property valuation	0				0
Increase	in market value of
investments transfer		4,335	(4,358)	23		(0)
Interest	arising in the year transfer	0	0	0		0
Transfer	from prior periods	0	0	0		0
Transfer	from income and
expenditure account		(2,407,603)		(497,542)	2,905,145
Balance	at31stDecember 2022	300,000	4812,414	2,955	3JI59,651	8,675,020

				2022	2021
			Notes		f
Cash Ilows from operating	activities
Cash generated fromoperations				151,028	6454
Net cash from operating activities				151,028	6454
Cash Ilows from investing	activities
Purchase oftangible fixed	assets			(82,451)	(93480)
Purchase offixed asset investments				0	0
Interest received				3,450	7,106
Dividends received				20407	19,832
Net cash from investing activities				(58,494)	(66,442)
lacrease in cash and cash	equivalents			92434	(60,088)
Cash and cash equivalents	at beginniag	ofyear		587,827	647,915
Cash and cash equivalents	at ead ofyear			680461	587,827

		2022	2021
Surplus before tamtion		(16,788)	148,883
Depreciation charges		124,994	149,972
Gain on revaluation offcied assets		4435	(236470)
Finance income		(23,957)	(26,939)
		885184	35,546
Decrease/(increase)	in trade and other debtors	43153	193
(Decrease)/increase	in trade and other creditors	57 8191	(29485)
Cash ge aerated from operations		151,528	5554

Year ended 31stDecember	2022
			31.12.22	1.1.22
				f
Cash and cash equivalents			680461	5872127
Year ended 31stDecember	2021
			31.12.21	1.1.21
				f
Cash and cash equivalents			587,827	647,915
ANALYSIS OFCHANGFS	IN NET FUNDS
		AtI.I22	Cash flow	At31.1222
				f
Net cash
Cash at bank		587,827	92 8134	680461
Total		587,827	928734	680461

					Number ofunits	maaaged	by
					RegisteredSocisl	Landlordst
					31December	1	January
					2022			2022
Social Housing units —almshouses					60
Other rental	properties	-non-social	housing		9
Other rental	properties	—commercial			1
					70			70
			Maiateaance	Other Rental	2022	2021
			Charges	Income	Total	Total
						8
Gross rents			265,200	119,905	385,105		378,474
Rent losses	from voids		(10,140)	0	(10,140)		(12,759)
Rent losses	fiom bad debts		0	0	0			0
Management	charges		(209)	(9,264)	(9,473)		(46,603)
Total income fiom lettings			254,851	110,641	365,492		319,112
					2022	2021
						8
Wages and	salaries				164,478		77,021

	The operating deficit is stated after charging:	The operating deficit is stated after charging:
				2022		2021
	Depreciation -owned assets				124,994	149,972
6.	TANGIBLE FIXEDASSETS
		Social Housing	Freehold	Plant	and
		Properties	Property	machinery		Totals
		8		0
	COSTOR VALUATION
	At 1st January 2022	3428,655	2443,675		10406	6,082dt36
	Additions	82,451	0		0	82,451
	Revaluation					0
	Disposals	(22,774)				(22,774)
	At 31stDecember 2022	3488431	2443,675		10406	6,142412
	DEPRECIATION
	At 1st January 2022	75,488	94,678		10,506	180,672
	Charge foryear	70405	35,702		0	105,907
	Revaluation					0
	Eliminated on disposal	(3,688)				(3,688)
	At 31st December 2022	142,005	130480		10,506	282,892
	NEI' BOOKVALUE
	At 31stDecember 2022	3,446426	2,413495		0	5459,621
	At 31stDecember 2021	3,453,167	2,448,997		0	5,902,164

	Housing	Freehold
	Properties	Property	Total	Total
	2022	2022	2022	2021
			8	8
Amount ofrevaluation	(720414)	2,149,681	1,429,467	1,429,467
Historic cost	4 308 546	393,994	4.702 540	4 642 863
	3,588,331	2,543.675	6, 132006	6,072,330
FIXEDASSET INVESTMENTS
				Other
				investments
COST OR VALUATION
At 1st January 2022				2,183,479
Additions Revaluations				0 ~4,335
At 31stDecember 2022				2,179,144
NET BOOK VALUE
At 31stDecember 2022				2.179 144
At 31stDecember 2021				2 183479
Historical cost information
The historical cost ofinvestments	held at valuation	is as follows:
			2022	2021
Historical cost			773,023	773,023

DEB	TORS:AMOUNTS FAL	LING DUK WITHIN ONK YEAR
			2022	2021
Trade	debtors	off	2,613		29,529
Other	debtors		31,520		9,456
			34,132		38,985

CRKDIIORS: AMOU	NIS FALLING DUK WITHIN ON	E YEAR
		2022	2021
Other creditors		39,453		12,826
Accruals and deferred	income	38,785		7,821
		78438		20,647

RESERVES
	Income and
	expenditure	Revaluation	Other	Designated
	account	resene	reserses	resene	Totals
			f		f.
At 1st January 2022	2,720,056	4,516,772	500,474	954,506	8,691,808
Surplus forthe year	(16,788)	0	0	0	(16,788)
Market value ofinvestment	4,335	(4,358)	24	0		I
Valuation ofproperties	0	0	0	0		0
Interest received transfer	0	0	0	0		0
Transfers &om prior periods	0	0	0	0		0
Reserves transfer	(2,407,603)	0	(497,542)	2,905,145		0
At 31stDecember 2022	300,000	4812,414	2,955	3JI59,651	8,675,021
Revaluation Reserve
			Property	investment
			Resene	Reserve	Total
At 1st January 2022			2,808,911	1,707,861	44\6,	772
Increase in market value			0	(4,358)	(4458)
At 31stDecember 2022			23108,911	1,703403	4,512,414
Other reserves
				Minnie
			Caroline	Selina
		Capital	Richards	Dowsing
		Account	Trust	Trust	Total
At 1stJanuary 2022		497,258	2,931	285	500,474
Increase in market value			24	(I)		24
Reserves Trans fer		(497,258)	0	(284)	(497,542)
At 31stDecember 2022		0	2,955	0	2,956

Designated Re	serves
					Emergeacy
		Public	Extraordinary	Cyclical	k Cyclical
		Benefit	Repair	Maintenaace	Maiatenance	Total
At 1st January	2022	0	354,396	571,034	29,076	954,506
Reserves Transfer		3,609,650	(104,396)	(571,034)	(29,076)	2,905,144
At 31stDecember 2022		3,609,650	250,000	0	0	3859,650

			2021
			6
Contracted	but not provided	for in the
financial statements

						2022		2021
Turnmer
Rents receivable						110,641		103,693
Residents weekly		contributions				2543151		215,4]9
							365,492		319,112
Other income
Sundry receipts						778		366
Listed investment		income				20407		19,832
Deposit account interest						3,450		7,107
							24,735		27405
							390427		346,417
Expenditure
Insurance						9,622		9,719
Utilities						10,577		9427
StaffCosts						164,658		77403
Telephone						2,884		1,877
Repairand maintenance						68,425		175,525
Administration	expenses					8,433		3,658
Legal and professional			fees			9,701		33127
Accountancy &Auditors'				remuneration		2,640		2,640
Depreciation oftangible			fixed assets:
Housing property						89492		87,950
Other &eehold	property					35,702		61410
Plant and machinery						0		511
							401,934		433,747
							(11,706)		(87429)
I	nance costs
Bank charges							746		156
							(12,452)		(87,486)
Gain/(loss) on revaluation				ofassets
(Loss)/ gain on	revaluation			ofinvestments		(4435)		236470
Gain on revaluation		ofinvestment			property	0		0
							(4435)		236870
NEf SURPLUS							(16,788)		148,884