**2023** 

## **WESSMAPS HOUSING TRUST TRUSTEES REPORT** 

## **1. The Structure, Governance and Management of the Charity** 

The Governance of management of the charity is as follows: Three Trustees and the Chief Executive officer who shall automatically (“ex officio”) be a charity trustee, for as long as he or she holds that office. 

Richard McKeown – (Chairman) 

Nicola Cavanagh – (HR/Finance) 

Trudy McKeown – (Governance) 

Mrs Jane Lockey – (Chief Executive Officer) 

The Board appointed Rowles & Co as the Charities Accountants to oversee the Charities financial affairs during this accounting period: 

1[st] April 2022 – 31[st] March 2023. 

## 2. **ACHIEVEMENT AND PERFORMANCE** The objects of the CIO are: 

## **Charitable activities** 

The  principal  objectives  of  the  CIO  are  the  relief  of  financial  hardship amongst disadvantaged people for the public benefit by providing services to, in particular but not exclusively, disabled and vulnerable people living and working in Hampshire, Dorset, Wiltshire, The Isle of Wight, Berkshire, West Sussex, Southampton and Portsmouth through the provision of supported housing that enables disadvantaged people to live within the community; enabling them to financially meet housing costs; enabling fair access to private rental housing provisions; providing access to interest free loans to fund housing deposits and home set up costs; the provision of additional housing management services all of which such persons could not afford through lack of means. 



## **3. PUBLIC BENEFIT** 

The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to guidance published by the Charity  Commission in deciding what activities  the charity should undertake. 

## **4. ACHIEVMENTS AND PERFORMANCE** 

At the beginning of the financial year, Wessmaps Housing Trust maintained one hundred and ninety-one tenancies providing housing support to people across with the different local authorities. WHT has increased the tenancy portfolio  to  one  hundred  and  ninety-seven,  providing  twenty-three  new additional tenancies and additional support to new tenants. During the year, Wessmaps Housing Trust has maintained the existing service of providing affordable  housing  and  support  to  vulnerable  people  within  Hampshire. Whilst  we  have  not  extended  working  relationships  with  any  new  local authorities, we continue to develop our existing partnerships with Southampton City Council and Hampshire County Council on developing additional services to generate more affordable housing and greater choice for independent living throughout Hampshire. 

## **5. FINANCIAL REVIEW** 

Incoming resources totalled £609,315 (Previously: £535,667) for the period and resources expended were £521,586 (Previously: £459,588) giving a surplus of £87,729 (Previously: surplus £76,109) for the period. 

The finances of the Charity were reviewed by the Trustees during this period of accounting. No anomalies were brought to the attention of the Board or reported at this time. 



REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR
ENDED31 MARCH 2023
FOR
WESSMAPS HOUSING TRUST
ROWLES & CO
UNIT 104
SOLENT BUSINESS CENTRE
MILLBROOK ROAD WEST
SOUTHAMPTON
5015 OHW

WESSMAPS HOUSING TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Page
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Flnanclal Statements
8-14
Detailed Statement of Financial Activities
15

WESSMAPS HOUSING TRUST
FOR THE YEAR ENDED 31 MARCH 2023
Page I
The trustees present their report with the financial statements of the charity for the year ended 31 March
2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151.
OBJECTIVES AND ACTIVITIES
Objertives and alms
The principal objectives of the CIO are the relief of financial hardship amongst disadvantaged people for the
public benefit by providing Services to, in particular but not exclusively, disabled and vulnerable people
living and working in Hampshire, Dorset, Wiltshire, The Isle of Wi8ht, Berkshire, West Sussex, Southampton
and Portsmouth through the provision of supported housing that enables disadvantaged people to live
within the community.. enabling them to financially meet housing costs; enabling fair access to private rental
housing provisions,. providin8 acce5S to interest free loans to fund housing deposits and home set UP C05ts,'
the provision of addition31 housing management services all of which such persons could not afford through
lack of means.
Publlc beneflt
The Trustees confirm that they have complied with the duty in section 17151 of the Charities Act 2011 to
have due regard to guidance published by the Charity Commission in deciding what activities the charitv
should undertake.
ACHIEVEMENT AND PERFORMANCE
Charltable actlvltles
At the beginning of the financial year, Wessmaps Housing Trust maintained one hundred and sixty three
tenancies providing housing SUPPOrt to people across with the different local atjthorities. WHT has
increased the tenancy portfolio to one hundred and ninety one. providing twenty eight new additional
tenancies and additional 511PPOrt to new tenants.
During the year, Wessmaps Housing Trust has maintained the existing service of providing affordable
housing and support to vulnerable people within Hampshire.
Whi15t we have not eytended working relation5hip5 Wlth any new local authoritie5 we continue to develop
our existing partnerships with Southampton City Council and Hampshire County Council on developing
additional services to generate more affordable housing and greater choice for independent living
throughout Hampshire.
FINANCIAL REVIEW
Incoming resources totalled £609.315 (Prev.. £536.2001 for the period and resources expended were
£521,586 (Prev.. £460,091) giving a surplu5 of £87,729 IPrev= Surplus £76,109) for the period.

WESSMAPS HOUSING TRUST
Page 2
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees aim to ensure that sufficient reserves are held for the purpose for ensuring the continuation of
the services and activities of the charity.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governln8 d(Kument
The charity is governed by a constitution adopted on 13 March 2014. The Governance and management of
the charity is as follows. Three Trustees and the Chief Executive officer whom shall automatically l.ex
officlo") be a charity trustee, for as long as he oi she holds that office.
Mrs Nicola Cavanagh l HR/Financel
Mrs Trudy McKeown I Commerciall
Mr Richard McKeown Ichairl
Mrs Jane Lockev
Ichief Executive)
Overall management of the charity 15 the responsibility of the trustees who are eletted and to-opted under
the terms of the constltution. Day to day project activity is managed and carried out by its paid staff.

WESSMAPS HOUSING TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
Page 3
REFERENCE ANDADMINISTRATIVE DETAILS
Registered company number
CE001071 (England and Wales)
Reglstered Charlty number
1156164
Registered Office
406 Solent Btjsiness Centre
343 Millbrook Road West
Southampton
Hampshire
S015 OHW
Trustees
Mr5 Nicola Cavanagh l HR/Financel
Mrs Trudy McKeown I Commerciall
Mr Richard McKeown (Chairl
Mrs lane Lockev
(Chief Executive)
Independent Examiner
Rowles and co
Unit 104 Solent Business Centre
Millbrook Road West
Southampton
S015 OHW
Approved by order of the board of trustees on .............................................And signed on its behalf by:
Mr Richard McKeown (Chairl

INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEES OF
WESSMAPS HOUSING TRUST
Page 4
Independent examinerfs report to the trustees of Wessmaps Housing Trust 1.the CompanVI
I report to the tharity trustees on my examination of the accounts of the Company for the year ended 31
March 2023.
Responsibilitie5 and basis of report
As the charity'5 trustees of the Company land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061"the 2006 Act").
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of
the 2006 Act are eligible for independent examination, I report in respect of my examination of your
charity's accounts as carried out under section 145 of the Charities Act 20111.the 2011 Act"). In carrying
out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl
of the 2011 Act.
Independent examinerfs statement
In tonnection with my examination, no matter ha5 come to my attention to indicate that..
• accounting records have not been kept in accordance with section 386 of the Companies Act 2006,.
the accounts do not accord with such records:
• where accounts are prepared on an accruals basis, whether they fail to comply with relevant
accounting requirements under section 396 of the Companies Act 2006, or are not consistent with
the Charities SORP IFRS1021,'
• any matter which the examiner believes should be drawn to the attention of the rea¥Jer to gain a proper
understanding of the accounts.
Rowles and Co
Unit 104 Solent Business Centre
Millbrook Road West
Southampton
5015 OHW
Date.........................................

WESSMAPS HOUSING TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Page 5
2023
Total
Funds
2022
Total
Funds
Unrestricted
Note5 Fund
Restricted
Fund
INCOME ANO ENDOWMENTS FROM
Charitable artivitles
Property Management
608,580
608,580
536,200
Investment income
734
734
Total
609.315
609,315
536.21)0
EXPENDITURE ON
Raising funds
Charitable activities
Property Management
Governance Costs
35,217
35,217
43,405
479,849
6.520
479,849
6,520
414,511
2,175
Total
521,586
521,586
460,091
NET INCOMEIEXPENDITUREI
87,729
87,729
76,109
RECONCILIATION OF FUNOS
Total funds brought forward
202,067
202,067
125,958
TOTAL FUNDS CARRIED FORWARD
289,796
289,796
202,067
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities

WESSMAPS HOUSING TRUST
BALANCE SHEET
AT 31 MARCH 2023
Page 6
2023
Total
Funds
2022
Total
Funds
Unrestrlcted
Notes
Fund
Restrlcted
Fund
FIXED ASSETS
Tangible assets
io
20.429
20.429
24.8
CURRE￿ ASSErs
Debtors
Cash in hand
li
610,019
105.968
610,019
105.968
389,285
130,127
715.987
715.987
519.412
CREDITORS
Amounts falling due within one year
12
446,621
446,621
342,145
NETCURRENT ASSETS
269,365
269,365
177,267
TOTAL ASSETS LESS CURRENT
LIABILITIES
289,795
289,795
202,067
NET ASSETS
289.795
289,795
202.067
FUNDS
Restrlcted funds
13
289,796
202,067
TOTAL FUNDS
289,796
202.067

WESSMAPS HOUSING TRUST
BALANCE sHE￿- CONTINUED
AT 31 MARCH 2023
Page 7
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year
ended 31 March 2023 in atcordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of
the Companies Act 2006 and
preparing financial Statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus OT deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and v4hich otherwise comply with the
requirements of the Companies Act 2¢￿6 relating to financial statements, so far as applicable to the charitv
companv.
These financlal statements have been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relatin8 to charitable small companies.
The financial statements were approved by the Board of Trustees on ........................................and were signed
on its behalf by..
Mr Richard McKeown (Chairl

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Page 8
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP IFRS 1021-Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I january
20151" Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable in the UK and
Republic of Ireland~ and the Companies Act 2006 The financial statements have been prepared under the
historical cost of convention.
The flnanclal statements are prepared in sterling, which is the financial currency of the Charity. Monetary
amounts in these financial statements are rounde¢J to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include
certain financial instruments at fair value. The principal accounting policies adopted are set out below.
There have been no transltional adjustments.
Income
All income Is recognised in the Statement of Financlal Activities once the charlty has entltlement to the
funds. it 15 probable that the income will be received and the amount can be measured reliably.
Expendlture
Liabilities are recognised as expenditure as soon as there Is a legal or constructive obligation commlttSng the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals
basis and ha5 been cla55ified under headings that aggregate all cost related to the category. Where costs
cannot be directly attributed to particular headings they have been allocated to activities on a basis
consistent with the use of resources.
Governance Costs
Governance costs are included in the Statement of Financial Activities on an accrual basis, exclusive of Value
Added Tax.

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Page 9
Tangible fixed assets
Depreciation 15 provided at the following annual rates in order to write off the Cost less estimated residual
value of each asset over its estimated useful life.
Computer Equipment
Motor Vehicles
20% straight line
20% straight line
All assets costing more than £400 are capitalised.
Taxatlon
The charity is exempt from corporation tax on its charitsble activities.

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
Page 10
ACCOUNTING POLICIES- continued
Fund Accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee5.
Restricted funds can only be used for particular restricted purposes within the objerts of the charitv.
Restrictions arise when specified by the donor or when fund5 are raised for particular restricted purp05e5.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Penslon Costs and other post-ret5rement beneffts
The charitable company operates a defined contribution pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Statement of Financial Activities in the period to
which they relate.
INVESTMENT INCOME
2023
2022
Bank interest
734
INCOME FROM CHARITABLE ACTIVITIES
2023
2022
Activity
Property Management
Property Management
Property Management
Property Management
Management fees
IRS GrantslEmployment Allowance
Property management Fees
Other income
597,120
5,000
6,460
494,623
37,968
3,609
608,580
536.200
CHARITABLE ACTIVITIES cosrs
Support costs
(see note 51
Totals
2023
Property Management
Governance Costs
479,849
6,520
486,369
479,849
6,520
486.369

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUEO
FOR THE YEAR ENDED 31 MARCH 2023
Page 11
SUPPORT COSTS
Go¥ernan¢e
Costs
Management
Other
Totals
Property Management
Governante Costs
479,849
479,849
6,520
6,520
479,849
6,520
486,369
NET INCOME/IEXPENDITUREI
Net incomellexpenditurel is stated after chargingllcreditingl..
2023
2022
Depreciation-owned assets
10.036
8,903
TRUSTEES, REMUNERATION ANO BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year
ended 31 March 2022.
Trustees Expenses
There were no trustees, expenses paid for the year-ende(J 31 March 2023, the same for the year ended 31
March 2022.
STAFFING
The average monthly number of employees during the year was as follows..
2023
N¢.
2022
No.
Administration
16
13

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS~ CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
Page 12
COMPARATIVES FOR THE STATEMENT OF FINANCIAL A￿1v￿lEs
Unrestricted
Fund
Restrlcted
Fund
Total
Funds
INCOMEAND ENDOWMENTS FROM
Charitable activities
Property Management
536.200
536,200
Investment Income
TOTAL
536.200
536.200
EXPENDITURE ON
Charitable activities
Property Management
Other trading activities
Interest payable
Governance Costs
413,978
43,405
533
2,175
413,978
43,405
533
2,175
TOTAL
460.091
460.091
NET INCOME/IEXPENDITUREI
76,109
76,109
RECONCILIATION OF FUNDS
Total Fund5 brought forward
125,958
125,958
TOTAL FUNDS CARRIED FORWARO
202,067
202.067
10. TANGIBLE FIXED ASSETS
Motor
Vehi¢le$
Computer
Equlpment
Total
COST
At l April 2022
Additions
At 31 March 2023
OEPRECIATION
At l April 2022
Charge for year
At 31 March 2023
24,5(K)
20,014
5,665
25,679
44,514
5,665
50,179
24,500
8,288
4,900
13,188
11,426
5,136
16,562
19,714
10,036
29,750
NET BOOK VALUE
At 31 March 2023
11.312
9.117
20,429
At 31 March 2022
16.212
8.588
24.800

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
Page 13
11. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2023
2022
Trade Debtors
Other Debtors
367,017
243,002
240,180
149,105
610,019
389,285
12. CREOITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2023
2022
Trade Creditors
Social Security and other taxes
Other Creditors
Accrued expenses
7,101
8,032
429,188
2.300
2,710
7,053
327,782
4,600
446,621
342,145

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
Page 14
13. MOVEMENTOF FUNDS
Net
movement
in funds
At 1.4.22
At 31.3.23
Un Restricted funds
Restricted funds
202,067
87,729
289,796
TOTAL FUNDS
202,067
87,729
289,796
Net movement In funds. Included In the abwe are as lollows".
Incoming
Resource5
Resources
Expended
Movement
in funds
Un Restricted funds
Restricted funds
609,315
1521,5861
87,729
TOTAL FUNDS
609.315
1521,5861
87.729
Comparatl¥es for movement In funds
Movement
In funds
At 1.4.21
At 31.3.22
Un Restricted funds
Restritted funds
125,958
76,109
202,067
TOTAL FUNDS
125.958
76.109
202.067
Comparatlve net movement In funds, Included In the above are as follows:
Incomin8
Resources
Resources
Expended
Movement
In funds
Restricted funds
Restricted funds
536,2
1460,0911
76,109
TOTAL FUNDS
536,21XI
1460,0911
76,109
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.

WESSMAPS HOUSING TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Page 15
2023
2022
INCOMEAND ENDOWMENTS
Investment income
Bank interest
734
Charitable activlties
Management Fees
IRS GrantslEmployment Allowance
Property management Fees
Other Income
Total Incomlng resources
597.120
5,000
6,460
494,623
37,968
3,609
609.315
536.200
EXPENDITURE
Other tradin8 artivitles
Void Rent
Service Charge cost5
35,217
43,405
35,217
43,405
Support Costs
Management
Wages
So¢Sal Securlty
Pensions
Rent
Insurance
Telephone
Postage and stationery
364,553
33,098
10,901
12.489
2,092
3,423
3,329
318,413
26,195
9,691
9,477
260
2,796
2,060
k il
Sundries
Computer and software
Rates and water
Professional Fees
Premises Expenses
Bank Charges
Depreciation of tangible assets
Travel and subsistence
Motor costs
AdvertisinE
5,440
5,143
904
1,423
891
249
10,036
14,689
10.095
1,079
6,071
802
4,639
286
165
8,903
10,643
12.498
Other
Interest payable
1,092
533
Governance Costs
Accountancy and legal fee5
6,520
2,175
486.369
521,586
416,686
460.091
Totsl Resources expended
Net lexpendlturellncome
87,729
76,109

REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR
ENDED31 MARCH 2023
FOR
WESSMAPS HOUSING TRUST
ROWLES & CO
UNIT 104
SOLENT BUSINESS CENTRE
MILLBROOK ROAD WEST
SOUTHAMPTON
5015 OHW

WESSMAPS HOUSING TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Page
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Flnanclal Statements
8-14
Detailed Statement of Financial Activities
15

WESSMAPS HOUSING TRUST
FOR THE YEAR ENDED 31 MARCH 2023
Page I
The trustees present their report with the financial statements of the charity for the year ended 31 March
2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151.
OBJECTIVES AND ACTIVITIES
Objertives and alms
The principal objectives of the CIO are the relief of financial hardship amongst disadvantaged people for the
public benefit by providing Services to, in particular but not exclusively, disabled and vulnerable people
living and working in Hampshire, Dorset, Wiltshire, The Isle of Wi8ht, Berkshire, West Sussex, Southampton
and Portsmouth through the provision of supported housing that enables disadvantaged people to live
within the community.. enabling them to financially meet housing costs; enabling fair access to private rental
housing provisions,. providin8 acce5S to interest free loans to fund housing deposits and home set UP C05ts,'
the provision of addition31 housing management services all of which such persons could not afford through
lack of means.
Publlc beneflt
The Trustees confirm that they have complied with the duty in section 17151 of the Charities Act 2011 to
have due regard to guidance published by the Charity Commission in deciding what activities the charitv
should undertake.
ACHIEVEMENT AND PERFORMANCE
Charltable actlvltles
At the beginning of the financial year, Wessmaps Housing Trust maintained one hundred and sixty three
tenancies providing housing SUPPOrt to people across with the different local atjthorities. WHT has
increased the tenancy portfolio to one hundred and ninety one. providing twenty eight new additional
tenancies and additional 511PPOrt to new tenants.
During the year, Wessmaps Housing Trust has maintained the existing service of providing affordable
housing and support to vulnerable people within Hampshire.
Whi15t we have not eytended working relation5hip5 Wlth any new local authoritie5 we continue to develop
our existing partnerships with Southampton City Council and Hampshire County Council on developing
additional services to generate more affordable housing and greater choice for independent living
throughout Hampshire.
FINANCIAL REVIEW
Incoming resources totalled £609.315 (Prev.. £536.2001 for the period and resources expended were
£521,586 (Prev.. £460,091) giving a surplu5 of £87,729 IPrev= Surplus £76,109) for the period.

WESSMAPS HOUSING TRUST
Page 2
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees aim to ensure that sufficient reserves are held for the purpose for ensuring the continuation of
the services and activities of the charity.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governln8 d(Kument
The charity is governed by a constitution adopted on 13 March 2014. The Governance and management of
the charity is as follows. Three Trustees and the Chief Executive officer whom shall automatically l.ex
officlo") be a charity trustee, for as long as he oi she holds that office.
Mrs Nicola Cavanagh l HR/Financel
Mrs Trudy McKeown I Commerciall
Mr Richard McKeown Ichairl
Mrs Jane Lockev
Ichief Executive)
Overall management of the charity 15 the responsibility of the trustees who are eletted and to-opted under
the terms of the constltution. Day to day project activity is managed and carried out by its paid staff.

WESSMAPS HOUSING TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
Page 3
REFERENCE ANDADMINISTRATIVE DETAILS
Registered company number
CE001071 (England and Wales)
Reglstered Charlty number
1156164
Registered Office
406 Solent Btjsiness Centre
343 Millbrook Road West
Southampton
Hampshire
S015 OHW
Trustees
Mr5 Nicola Cavanagh l HR/Financel
Mrs Trudy McKeown I Commerciall
Mr Richard McKeown (Chairl
Mrs lane Lockev
(Chief Executive)
Independent Examiner
Rowles and co
Unit 104 Solent Business Centre
Millbrook Road West
Southampton
S015 OHW
Approved by order of the board of trustees on .............................................And signed on its behalf by:
Mr Richard McKeown (Chairl

INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEES OF
WESSMAPS HOUSING TRUST
Page 4
Independent examinerfs report to the trustees of Wessmaps Housing Trust 1.the CompanVI
I report to the tharity trustees on my examination of the accounts of the Company for the year ended 31
March 2023.
Responsibilitie5 and basis of report
As the charity'5 trustees of the Company land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061"the 2006 Act").
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of
the 2006 Act are eligible for independent examination, I report in respect of my examination of your
charity's accounts as carried out under section 145 of the Charities Act 20111.the 2011 Act"). In carrying
out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl
of the 2011 Act.
Independent examinerfs statement
In tonnection with my examination, no matter ha5 come to my attention to indicate that..
• accounting records have not been kept in accordance with section 386 of the Companies Act 2006,.
the accounts do not accord with such records:
• where accounts are prepared on an accruals basis, whether they fail to comply with relevant
accounting requirements under section 396 of the Companies Act 2006, or are not consistent with
the Charities SORP IFRS1021,'
• any matter which the examiner believes should be drawn to the attention of the rea¥Jer to gain a proper
understanding of the accounts.
Rowles and Co
Unit 104 Solent Business Centre
Millbrook Road West
Southampton
5015 OHW
Date.........................................

WESSMAPS HOUSING TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Page 5
2023
Total
Funds
2022
Total
Funds
Unrestricted
Note5 Fund
Restricted
Fund
INCOME ANO ENDOWMENTS FROM
Charitable artivitles
Property Management
608,580
608,580
536,200
Investment income
734
734
Total
609.315
609,315
536.21)0
EXPENDITURE ON
Raising funds
Charitable activities
Property Management
Governance Costs
35,217
35,217
43,405
479,849
6.520
479,849
6,520
414,511
2,175
Total
521,586
521,586
460,091
NET INCOMEIEXPENDITUREI
87,729
87,729
76,109
RECONCILIATION OF FUNOS
Total funds brought forward
202,067
202,067
125,958
TOTAL FUNDS CARRIED FORWARD
289,796
289,796
202,067
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities

WESSMAPS HOUSING TRUST
BALANCE SHEET
AT 31 MARCH 2023
Page 6
2023
Total
Funds
2022
Total
Funds
Unrestrlcted
Notes
Fund
Restrlcted
Fund
FIXED ASSETS
Tangible assets
io
20.429
20.429
24.8
CURRE￿ ASSErs
Debtors
Cash in hand
li
610,019
105.968
610,019
105.968
389,285
130,127
715.987
715.987
519.412
CREDITORS
Amounts falling due within one year
12
446,621
446,621
342,145
NETCURRENT ASSETS
269,365
269,365
177,267
TOTAL ASSETS LESS CURRENT
LIABILITIES
289,795
289,795
202,067
NET ASSETS
289.795
289,795
202.067
FUNDS
Restrlcted funds
13
289,796
202,067
TOTAL FUNDS
289,796
202.067

WESSMAPS HOUSING TRUST
BALANCE sHE￿- CONTINUED
AT 31 MARCH 2023
Page 7
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year
ended 31 March 2023 in atcordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of
the Companies Act 2006 and
preparing financial Statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus OT deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and v4hich otherwise comply with the
requirements of the Companies Act 2¢￿6 relating to financial statements, so far as applicable to the charitv
companv.
These financlal statements have been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relatin8 to charitable small companies.
The financial statements were approved by the Board of Trustees on ........................................and were signed
on its behalf by..
Mr Richard McKeown (Chairl

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Page 8
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP IFRS 1021-Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I january
20151" Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable in the UK and
Republic of Ireland~ and the Companies Act 2006 The financial statements have been prepared under the
historical cost of convention.
The flnanclal statements are prepared in sterling, which is the financial currency of the Charity. Monetary
amounts in these financial statements are rounde¢J to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include
certain financial instruments at fair value. The principal accounting policies adopted are set out below.
There have been no transltional adjustments.
Income
All income Is recognised in the Statement of Financlal Activities once the charlty has entltlement to the
funds. it 15 probable that the income will be received and the amount can be measured reliably.
Expendlture
Liabilities are recognised as expenditure as soon as there Is a legal or constructive obligation commlttSng the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals
basis and ha5 been cla55ified under headings that aggregate all cost related to the category. Where costs
cannot be directly attributed to particular headings they have been allocated to activities on a basis
consistent with the use of resources.
Governance Costs
Governance costs are included in the Statement of Financial Activities on an accrual basis, exclusive of Value
Added Tax.

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Page 9
Tangible fixed assets
Depreciation 15 provided at the following annual rates in order to write off the Cost less estimated residual
value of each asset over its estimated useful life.
Computer Equipment
Motor Vehicles
20% straight line
20% straight line
All assets costing more than £400 are capitalised.
Taxatlon
The charity is exempt from corporation tax on its charitsble activities.

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
Page 10
ACCOUNTING POLICIES- continued
Fund Accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee5.
Restricted funds can only be used for particular restricted purposes within the objerts of the charitv.
Restrictions arise when specified by the donor or when fund5 are raised for particular restricted purp05e5.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Penslon Costs and other post-ret5rement beneffts
The charitable company operates a defined contribution pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Statement of Financial Activities in the period to
which they relate.
INVESTMENT INCOME
2023
2022
Bank interest
734
INCOME FROM CHARITABLE ACTIVITIES
2023
2022
Activity
Property Management
Property Management
Property Management
Property Management
Management fees
IRS GrantslEmployment Allowance
Property management Fees
Other income
597,120
5,000
6,460
494,623
37,968
3,609
608,580
536.200
CHARITABLE ACTIVITIES cosrs
Support costs
(see note 51
Totals
2023
Property Management
Governance Costs
479,849
6,520
486,369
479,849
6,520
486.369

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUEO
FOR THE YEAR ENDED 31 MARCH 2023
Page 11
SUPPORT COSTS
Go¥ernan¢e
Costs
Management
Other
Totals
Property Management
Governante Costs
479,849
479,849
6,520
6,520
479,849
6,520
486,369
NET INCOME/IEXPENDITUREI
Net incomellexpenditurel is stated after chargingllcreditingl..
2023
2022
Depreciation-owned assets
10.036
8,903
TRUSTEES, REMUNERATION ANO BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year
ended 31 March 2022.
Trustees Expenses
There were no trustees, expenses paid for the year-ende(J 31 March 2023, the same for the year ended 31
March 2022.
STAFFING
The average monthly number of employees during the year was as follows..
2023
N¢.
2022
No.
Administration
16
13

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS~ CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
Page 12
COMPARATIVES FOR THE STATEMENT OF FINANCIAL A￿1v￿lEs
Unrestricted
Fund
Restrlcted
Fund
Total
Funds
INCOMEAND ENDOWMENTS FROM
Charitable activities
Property Management
536.200
536,200
Investment Income
TOTAL
536.200
536.200
EXPENDITURE ON
Charitable activities
Property Management
Other trading activities
Interest payable
Governance Costs
413,978
43,405
533
2,175
413,978
43,405
533
2,175
TOTAL
460.091
460.091
NET INCOME/IEXPENDITUREI
76,109
76,109
RECONCILIATION OF FUNDS
Total Fund5 brought forward
125,958
125,958
TOTAL FUNDS CARRIED FORWARO
202,067
202.067
10. TANGIBLE FIXED ASSETS
Motor
Vehi¢le$
Computer
Equlpment
Total
COST
At l April 2022
Additions
At 31 March 2023
OEPRECIATION
At l April 2022
Charge for year
At 31 March 2023
24,5(K)
20,014
5,665
25,679
44,514
5,665
50,179
24,500
8,288
4,900
13,188
11,426
5,136
16,562
19,714
10,036
29,750
NET BOOK VALUE
At 31 March 2023
11.312
9.117
20,429
At 31 March 2022
16.212
8.588
24.800

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
Page 13
11. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2023
2022
Trade Debtors
Other Debtors
367,017
243,002
240,180
149,105
610,019
389,285
12. CREOITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2023
2022
Trade Creditors
Social Security and other taxes
Other Creditors
Accrued expenses
7,101
8,032
429,188
2.300
2,710
7,053
327,782
4,600
446,621
342,145

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
Page 14
13. MOVEMENTOF FUNDS
Net
movement
in funds
At 1.4.22
At 31.3.23
Un Restricted funds
Restricted funds
202,067
87,729
289,796
TOTAL FUNDS
202,067
87,729
289,796
Net movement In funds. Included In the abwe are as lollows".
Incoming
Resource5
Resources
Expended
Movement
in funds
Un Restricted funds
Restricted funds
609,315
1521,5861
87,729
TOTAL FUNDS
609.315
1521,5861
87.729
Comparatl¥es for movement In funds
Movement
In funds
At 1.4.21
At 31.3.22
Un Restricted funds
Restritted funds
125,958
76,109
202,067
TOTAL FUNDS
125.958
76.109
202.067
Comparatlve net movement In funds, Included In the above are as follows:
Incomin8
Resources
Resources
Expended
Movement
In funds
Restricted funds
Restricted funds
536,2
1460,0911
76,109
TOTAL FUNDS
536,21XI
1460,0911
76,109
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.

WESSMAPS HOUSING TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Page 15
2023
2022
INCOMEAND ENDOWMENTS
Investment income
Bank interest
734
Charitable activlties
Management Fees
IRS GrantslEmployment Allowance
Property management Fees
Other Income
Total Incomlng resources
597.120
5,000
6,460
494,623
37,968
3,609
609.315
536.200
EXPENDITURE
Other tradin8 artivitles
Void Rent
Service Charge cost5
35,217
43,405
35,217
43,405
Support Costs
Management
Wages
So¢Sal Securlty
Pensions
Rent
Insurance
Telephone
Postage and stationery
364,553
33,098
10,901
12.489
2,092
3,423
3,329
318,413
26,195
9,691
9,477
260
2,796
2,060
k il
Sundries
Computer and software
Rates and water
Professional Fees
Premises Expenses
Bank Charges
Depreciation of tangible assets
Travel and subsistence
Motor costs
AdvertisinE
5,440
5,143
904
1,423
891
249
10,036
14,689
10.095
1,079
6,071
802
4,639
286
165
8,903
10,643
12.498
Other
Interest payable
1,092
533
Governance Costs
Accountancy and legal fee5
6,520
2,175
486.369
521,586
416,686
460.091
Totsl Resources expended
Net lexpendlturellncome
87,729
76,109