**.** 

## **WESSMAPS HOUSING TRUST** 

## **TRUSTEES REPORT** 

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

The  Governance  and  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 M[c] Keown Cooke - (Chairman) 

- Nicola Cavanagh - (HR/ Finance) 

- Trudy M[c] Keown - (Governance) 

- Mrs Jane Lockey- (CEO) 

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

1[st] April 2023 – 31[st] March 2024. 

## **2 The Objectives of the Charity** 

The objects 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 Achievements and performance of the Charity during the period** 

At the beginning of this financial year 01/04/2023, Wessmaps Housing Trust maintained one hundred and sixty-three tenancies providing housing support to  people  across  Hampshire  with  different  local  authorities.  WHT  has increased the tenancy portfolio to one hundred and ninety-one tenancies, providing twenty-eight new additional tenancies and additional support to new tenants. 

1 



During the year of trading Wessmaps Housing Trust has maintained the existing service of providing affordable housing and support to vulnerable people within Hampshire. 

We have further extended our working partnership with several new support providers within our common bond area. We have also developed additional partnerships  with  “Probation  Services”  and  “Street  Homelessness”  within Southampton. We continue to develop additional services to generate more affordable  housing  and  greater  choice  for  independent  living  throughout Hampshire. 

We have increased our staff team to enable the charity to maintain a good level  of  service  delivery  to  our  ever-increasing  portfolio  of  supported tenancies. 

## **4 A financial review during the period** 

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

2 



REPORT OF ThE TRUSTEES AND
UNAUDITED FINANCIAL sfATEMEKfs FOR THE YEAR
ENDED 31 MARCH 2024
FOR
WESSMAPS HOUSING TRusr
ROWLES & CO
UNIT 104
SOLENT BUSINESS CENTrE
MILLBROOK ROAD WEST
SOUTHAMPTON
SOIS OHW

WESSMAPS HOUSING TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustee5
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-14
Detailed Statement of Financial Activities
15

WES5MAPS HOUSING TRUST
FOR THE YEAR ENDED 31 MARCH 2024
Page I
The trustees present their report with the financial statements of the charity for the year ended 31 March
2024. 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 (FRS 102} (effertive l January 2015).
OBJEcfivES AND AcnviTIES
Objertives and aims
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 acce5S to private rental
housing provisions.. providing acce5S to interest free loans to fund housing deposits and home set up costs..
lack of means.
the provision of additional housing management services all of which such persons could not afford through
Public benefft
The Trustees confirm that they have complied with the duty in section 17{S) ot the Charities Art 2011 to
have due regard to guidance published by the Charity Commission in deciding what attivities the charity
should undertake.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
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 authorities. WHT has
increased the tenancy portfolio to one hundred and ninety one, providing twenty eight new additional
tenancies and additional support to new tenants.
During the year. Wessmaps Housing Trust has maintsined 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 Choi￿ for independent living
throughout Hampshire.
FINANCIAL REVIEW
Incoming resources totalled £783.860 (Prev.. £609.315) forthe period and resources expended were
£581,210 (Prev.. £521,586) giving a surplus of £202.650 (Prev". surplus £87,729) for the period.

WESSMAPS HOUSING TRUST
Page 2
REPORT OF THE TRusfEE5
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees aim to ensure that sufficient reserves are hÈld forthe purpose for ensuring the continuation of
the services and activities of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
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
officio I be a charity trustee. for as long as he or she holds that office.
Mrs Nicola Cavanagh ( HR/Finance)
Mrs Trudy McKeown ( Commercial)
Mr Richard McKeown (Chair)
Mrs Jane Lockey
(Chief Executive)
Overall management of the charrty is the responsibility of the trustees who are elected and co-opted under
the term5 of the constitution. Day to day project activtty is managed and carried out by its paid Staff.

WESSMAPS HOUSING TRUST
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31 MARCH 2024
Page 3
REFERENCE AND ADMINISTRATIVE DEfAILS
Registered company number
CE001071 (England and Wales)
Registered Charity number
1156164
Registered Office
406 Solent Business Centre
343 Millbrook Road West
Southampton
Hampshire
S015 OHW
Trustees
Mr5 Nicola Cavanagh ( HR/Finance}
Mrs Trudy McKeown I Commerciall
Mr Richard McKeown (Chair)
Mrs Jane Lockey
(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
102S .
..And signed on its behalf by-
Mr Richard McKeown {Chair)

INDEPENDENT EXAMINEWS REPORT TO THE TRUSTEES OF
WESSMAPS HOUSING TRUST
Page 4
Independent examinerfs report to the trustees of Wessmaps Housing Trust 1.the Companfl
I report to the charity trustees on my examination of the accounts of the Company forthe year ended 31
March 2024.
Responsibllities and basis of report
As the chariws trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061"the 2006 Att").
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of
the 2006 Act are eli8ible for independent examination, I report in respect of my examination of your
charitys accounts as carried out under section 145 of the Charrtie5 Art 2011 (°the 2011 ACV). In carrying
out my examination I have followed the Directions gNen by the Charity Commission under section 145{5) Ibl
of the 2011 Act.
Independent examlnerfs Statement
In connection with my examination, no matter has come to my attention to indicate that:
accounting records have not been kept in accordance with sertion 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 {FRS1021:
any matter which the examiner believes should be drawn to the attention of the reader to gain a proper
understanding of the accounts.
les and Co
nit 104 Solent Business Centre
Millbrook Road West
Southampton
S015 OHW
Date...

WESSMAPS HOUSING TRUST
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 MARCH 2024
Page 5
2024
Total
Funds
2023
Total
Funds
Unrestrotted Restricted
Fund
Fund
Notes
INCOME AND ENDOWMENTS FROM
Charitable actlvities
Property Management
780,043
780,043
608,580
Investment income
3,817
3,817
734
Total
783.860
783￿60
609,315
EXPENDITURE ON
Raising funds
Charitable attivities
Property Management
Governance Costs
36,592
36,592
35,217
543.296
1,323
543,296
1.323
480,929
5,440
Total
581.210
581,210
521.586
NET INCOMEIEXPENDITURE)
202.650
202.650
87.729
RECONCILIATION OF FUNDS
Total funds brought forward
289.796
289.796
202,067
TOTAL FUNDS CARRIED FORWARD
492.446
492.446
289,796
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities

WESSMAPS HOUSING TRUSr
BALANCE SHEET
AT 31 MARCH 1024
Page 6
2024
Total
Funds
2023
Total
Fund5
Unrestrirted
Notes Fund
Restricted
Fund
FIXED ASSETS
Tangible assets
io
42.022
42.022
20,429
CURRENT ASSETS
Debtors
Cash in hand
li
666,391
374,686
666.391
374,686
610,019
105,968
1.041.077
1,041,077
715,987
CREDITORS
Amounts falling due within one year
12
590.653
590,653
446.621
NET CURREKf ASSETS
450,424
450,424
269.365
TOTAL ASSEfs LESS CURRENT
LIABILITIES
492,446
492,446
289,795
NET ASSErs
492,446
492,446
289,795
FUNDS
Restricted funds
13
492,446
289,796
TOTAL FUNDS
492.446
289.796

WESSMAPS HOUSING TRUST
BALANCE SHEET- CONTINUED
AT 31 ￿RCH 2024
Page 7
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
forthe year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year
ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilitie5 for
ensLAring 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 or deficit for each financial year in
accordance with the requirements of Settions 394 and 395 and which othenvise comply with the
requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charity
company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating 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 (Chair)

WE55MAP5 HOU51N6 TRUST
NOTES TO THE FINANCIAL sfATEMEKrs
FOR THE YEAR ENDED 31 MARCH 2024
Page 8
AccouKfiNG POLICIES
Basis of preparing the financial statements
The financial statements of the charttable company, which is a public benefit entity under FRS 102. have
been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charitie5.-
Statement of Recommended Prdctice applicable to charitie5 preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective l January
20151" Financial Reporting Standard 102 Yhe Financial Reporting standard applicable in the UK and
Republic of Ireland" and the Companies Att 21x16. The financial statements have been prepared under the
historical cost of convention.
The financial statements are prepared in sterling, which is the financial currency of the charity. Monetary
amounts in these financial statements are rounded 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 transitional adjustments.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or construrtive obligation committing 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 has been classified under headings that aggregate all cost related to the category. Where costs
cannot be direttly attributed to particular headings they have been allocated to activities on a basis
consistent with the use of resource5.
Govemance 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 2024
Page 9
Tangible fixed assets
Depreciation is provlded at the following annual rates in order to write off the cost less estimated residual
value of each asset over its estimated useful lrfe.
Computer Equipment
Motor Vehicles
20% straight line
20% straight line
All assets costing more than £400 are capitalised.
TaK*ion
The charity is exempt from corporation tax on its charitable activities.

WESSMAP5 HOUSING TrUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Page 10
ACCOUNTING POUCIES- continued
Fund Accounting
Unre5tritted funds can be used in accordance with the charitable objettives at the discretion of the trustees.
Restritted funds can only be used for particular restricted purposes within the objects of the charity-
Re5trittions arise when specified by the donor or when funds are raised for particular restritted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Pension costs and other post-retirement benefits
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
2024
2023
Bank interest
3,817
734
INCOME FROM CHARITABLE AcnviTIES
2024
2023
Management fees
JRS Grants/EmploymentAllowan
Property management Fees
Other income
Attivity
Property Management
Property Management
Property Management
Property Management
772.021
5.000
2,623
597,120
5,000
6,460
780,043
608,580
CHARITABLE AcnviTIE5 COSTS
Support costs
(see note 5)
Totals
2024
Property ManaEement
Governance Costs
543,296
1,323
544,618
543,296
1.323
544,618

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Page 11
SUPPORT COSTS
Governance
Costs
Management
Other
Totals
Property Management
Governance Costs
543,296
543.296
1,323
1,323
543,296
1.323
544,618
INCOME/(EXPENDITURE)
Net intome/(expenditure} Is stated after charging/(creditingl:
2024
2023
Depreciation-owned assets
9.958
TRUSTEES. REMUNERATFON AND BENEFITS
There were no trustees. remuneration or other benefits for the year ended 31 March 2024 nor for the year
ended 31 March 2023.
Trustees Expenses
There were no trustees, expenses paid for the year*nded 31 March 2024. the same for the year ended 31
March 2023.
srAFFING
The average monthly number of employees during the year was as follows:
2024
2023
No.
Administration
19
16

WESSMAPS HOUSING TRUST
NOTES TOTHE FINANCIAL sfATEMENTS-CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Paee12
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACtIVlTIES
Unrestritted Restricted
Fund
Fund
Total
Funds
INCOME AND ENDOWMEpifs FROM
Charitable activities
Property Management
608.580
608,580
Investment Income
734
734
TOTAL
609.315
609,315
EXPENDITURE ON
Charitable activitie5
Property Management
Other trading activities
Interest payable
Governance Costs
480,680
35.217
249
480.680
35,217
249
5,440
TOTAL
521.586
521.586
NET INCOME/(EXPENDITURE)
87,729
87.729
RECONCILIATION OF FUNDS
Total Funds brought forward
202,067
202,067
TOTAL FUNDS CARRIED FORWARD
289.796
289,796
10. TANGIBLE FIXED ASSEf5
Motor
Vehicles
Computer
Equipment
Total
COST
At l April 2023
Additions
At 31 March 2024
DEPRECIATION
At l April 2023
Charge for year
At 31 March 2024
24,5(K)
15,500
25,679
7.550
33.230
50,179
23,050
73,230
13,188
5,188
16.562
6,646
23,208
29.750
1,458
31.208
NET BOOK VALUE
At 31 March 2024
32.IXIO
10,022
42,022
At 31 March 2023
11.312
9.117
20,429

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL sfATEMENTS- coKfiNUED
FOR THE YEAR ENDED 31 MARCH 2024
Page 13
11. DEBTORS: AMOUbtrs FAWNG DUE WtrHIN ONE YEAR
2024
2023
Trade Debtors
Other Debtors
326,369
340.022
367,017
243,002
666.391
610,019
12. CREDITORS: AMouMf5 FALUNG DUE wrrHIN ONE YEAR
2024
2023
Trade Creditors
Social Security and other taxes
Other Creditors
Accrued expenses
64.202
9,318
514.833
2.300
7,101
8,032
429,188
2,300
590,653
446,621

WESSMAPS HOUSING TRUST
NOTES TOTHE FINANCIAL sfATEMENTS-CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Page 14
13. MOVEMENT OF FUNDS
Net
movement
in funds
At 1.4.23
At 31.3.24
Un Restricted funds
Restricted funds
289,796
202,650
492,446
TOTAL FUNDS
289,796
202.650
492,446
Net movement in funds, included in the above are as follows:
Incoming
Resources
Resources
Expended
Movement
in funds
Un Restricted funds
Restrirted funds
783,860
(581.210)
202.650
TOTAL FUNDS
783.860
(581.210)
202,650
Comparatives for movement in funds
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
Comparative net movement in furKls. Included in the above are as follows:
87,729
289,796
Incoming
ReSoU￿eS
Resource5
Expended
Movement
in funds
Restricted funds
Restricted funds
609,315
{521,5861
87,729
TOTAL FUNDS
609.315
(521,586)
87,729
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.

WESSMAPS HOUSING TRUST
DETAILED StATEMENT OF FINANCIAL ACTNMES
FOR THE YEAR ENDED 31 MARCH 2024
Page 15
2024
2023
INCOME AND ENDOWMEp¥rs
Investment income
Bank interest
3,817
734
Charitable activities
Management Fees
JRS Grants/Employment Allowance
Property management Fees
Other Income
Total Incoming resources
772,021
5,000
2,623
400
783,860
597,120
5,000
6,460
609,315
EXPENDITURE
Other trading activities
Void Rent
Service Charge costs
36,592
35,217
36,592
35,217
Support Costs
Management
Wages
Social Security
Pensions
Rent
Insurance
Telephone
Postage and stationery
Sundries
Computer and software
Rates and water
Professional Fees
Premises Expenses
Bank Charges
Depreciation of tangible assets
Travel 2nd subsistence
Motor cost5
Advertising
Other
Interest payable
376,054
36,240
21,033
26,301
2,488
4,058
14,845
413
10,034
2,055
8,659
239
226
9,958
17,428
10,917
364,553
33,098
10,901
12,489
2,092
3,423
3,329
5,440
5,143
904
1.423
891
249
10,036
14,689
10,095
2,348
1,092
Governance Costs
Accountancy and legal fees
1,323
6,520
544,618
581,210
486,369
521,586
Total Resources expended
Net (expenditure)Income
202,650
87,729

REPORT OF ThE TRUSTEES AND
UNAUDITED FINANCIAL sfATEMEKfs FOR THE YEAR
ENDED 31 MARCH 2024
FOR
WESSMAPS HOUSING TRusr
ROWLES & CO
UNIT 104
SOLENT BUSINESS CENTrE
MILLBROOK ROAD WEST
SOUTHAMPTON
SOIS OHW

WESSMAPS HOUSING TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustee5
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-14
Detailed Statement of Financial Activities
15

WES5MAPS HOUSING TRUST
FOR THE YEAR ENDED 31 MARCH 2024
Page I
The trustees present their report with the financial statements of the charity for the year ended 31 March
2024. 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 (FRS 102} (effertive l January 2015).
OBJEcfivES AND AcnviTIES
Objertives and aims
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 acce5S to private rental
housing provisions.. providing acce5S to interest free loans to fund housing deposits and home set up costs..
lack of means.
the provision of additional housing management services all of which such persons could not afford through
Public benefft
The Trustees confirm that they have complied with the duty in section 17{S) ot the Charities Art 2011 to
have due regard to guidance published by the Charity Commission in deciding what attivities the charity
should undertake.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
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 authorities. WHT has
increased the tenancy portfolio to one hundred and ninety one, providing twenty eight new additional
tenancies and additional support to new tenants.
During the year. Wessmaps Housing Trust has maintsined 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 Choi￿ for independent living
throughout Hampshire.
FINANCIAL REVIEW
Incoming resources totalled £783.860 (Prev.. £609.315) forthe period and resources expended were
£581,210 (Prev.. £521,586) giving a surplus of £202.650 (Prev". surplus £87,729) for the period.

WESSMAPS HOUSING TRUST
Page 2
REPORT OF THE TRusfEE5
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees aim to ensure that sufficient reserves are hÈld forthe purpose for ensuring the continuation of
the services and activities of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
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
officio I be a charity trustee. for as long as he or she holds that office.
Mrs Nicola Cavanagh ( HR/Finance)
Mrs Trudy McKeown ( Commercial)
Mr Richard McKeown (Chair)
Mrs Jane Lockey
(Chief Executive)
Overall management of the charrty is the responsibility of the trustees who are elected and co-opted under
the term5 of the constitution. Day to day project activtty is managed and carried out by its paid Staff.

WESSMAPS HOUSING TRUST
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31 MARCH 2024
Page 3
REFERENCE AND ADMINISTRATIVE DEfAILS
Registered company number
CE001071 (England and Wales)
Registered Charity number
1156164
Registered Office
406 Solent Business Centre
343 Millbrook Road West
Southampton
Hampshire
S015 OHW
Trustees
Mr5 Nicola Cavanagh ( HR/Finance}
Mrs Trudy McKeown I Commerciall
Mr Richard McKeown (Chair)
Mrs Jane Lockey
(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
102S .
..And signed on its behalf by-
Mr Richard McKeown {Chair)

INDEPENDENT EXAMINEWS REPORT TO THE TRUSTEES OF
WESSMAPS HOUSING TRUST
Page 4
Independent examinerfs report to the trustees of Wessmaps Housing Trust 1.the Companfl
I report to the charity trustees on my examination of the accounts of the Company forthe year ended 31
March 2024.
Responsibllities and basis of report
As the chariws trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061"the 2006 Att").
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of
the 2006 Act are eli8ible for independent examination, I report in respect of my examination of your
charitys accounts as carried out under section 145 of the Charrtie5 Art 2011 (°the 2011 ACV). In carrying
out my examination I have followed the Directions gNen by the Charity Commission under section 145{5) Ibl
of the 2011 Act.
Independent examlnerfs Statement
In connection with my examination, no matter has come to my attention to indicate that:
accounting records have not been kept in accordance with sertion 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 {FRS1021:
any matter which the examiner believes should be drawn to the attention of the reader to gain a proper
understanding of the accounts.
les and Co
nit 104 Solent Business Centre
Millbrook Road West
Southampton
S015 OHW
Date...

WESSMAPS HOUSING TRUST
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 MARCH 2024
Page 5
2024
Total
Funds
2023
Total
Funds
Unrestrotted Restricted
Fund
Fund
Notes
INCOME AND ENDOWMENTS FROM
Charitable actlvities
Property Management
780,043
780,043
608,580
Investment income
3,817
3,817
734
Total
783.860
783￿60
609,315
EXPENDITURE ON
Raising funds
Charitable attivities
Property Management
Governance Costs
36,592
36,592
35,217
543.296
1,323
543,296
1.323
480,929
5,440
Total
581.210
581,210
521.586
NET INCOMEIEXPENDITURE)
202.650
202.650
87.729
RECONCILIATION OF FUNDS
Total funds brought forward
289.796
289.796
202,067
TOTAL FUNDS CARRIED FORWARD
492.446
492.446
289,796
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities

WESSMAPS HOUSING TRUSr
BALANCE SHEET
AT 31 MARCH 1024
Page 6
2024
Total
Funds
2023
Total
Fund5
Unrestrirted
Notes Fund
Restricted
Fund
FIXED ASSETS
Tangible assets
io
42.022
42.022
20,429
CURRENT ASSETS
Debtors
Cash in hand
li
666,391
374,686
666.391
374,686
610,019
105,968
1.041.077
1,041,077
715,987
CREDITORS
Amounts falling due within one year
12
590.653
590,653
446.621
NET CURREKf ASSETS
450,424
450,424
269.365
TOTAL ASSEfs LESS CURRENT
LIABILITIES
492,446
492,446
289,795
NET ASSErs
492,446
492,446
289,795
FUNDS
Restricted funds
13
492,446
289,796
TOTAL FUNDS
492.446
289.796

WESSMAPS HOUSING TRUST
BALANCE SHEET- CONTINUED
AT 31 ￿RCH 2024
Page 7
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
forthe year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year
ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilitie5 for
ensLAring 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 or deficit for each financial year in
accordance with the requirements of Settions 394 and 395 and which othenvise comply with the
requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charity
company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating 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 (Chair)

WE55MAP5 HOU51N6 TRUST
NOTES TO THE FINANCIAL sfATEMEKrs
FOR THE YEAR ENDED 31 MARCH 2024
Page 8
AccouKfiNG POLICIES
Basis of preparing the financial statements
The financial statements of the charttable company, which is a public benefit entity under FRS 102. have
been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charitie5.-
Statement of Recommended Prdctice applicable to charitie5 preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective l January
20151" Financial Reporting Standard 102 Yhe Financial Reporting standard applicable in the UK and
Republic of Ireland" and the Companies Att 21x16. The financial statements have been prepared under the
historical cost of convention.
The financial statements are prepared in sterling, which is the financial currency of the charity. Monetary
amounts in these financial statements are rounded 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 transitional adjustments.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or construrtive obligation committing 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 has been classified under headings that aggregate all cost related to the category. Where costs
cannot be direttly attributed to particular headings they have been allocated to activities on a basis
consistent with the use of resource5.
Govemance 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 2024
Page 9
Tangible fixed assets
Depreciation is provlded at the following annual rates in order to write off the cost less estimated residual
value of each asset over its estimated useful lrfe.
Computer Equipment
Motor Vehicles
20% straight line
20% straight line
All assets costing more than £400 are capitalised.
TaK*ion
The charity is exempt from corporation tax on its charitable activities.

WESSMAP5 HOUSING TrUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Page 10
ACCOUNTING POUCIES- continued
Fund Accounting
Unre5tritted funds can be used in accordance with the charitable objettives at the discretion of the trustees.
Restritted funds can only be used for particular restricted purposes within the objects of the charity-
Re5trittions arise when specified by the donor or when funds are raised for particular restritted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Pension costs and other post-retirement benefits
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
2024
2023
Bank interest
3,817
734
INCOME FROM CHARITABLE AcnviTIES
2024
2023
Management fees
JRS Grants/EmploymentAllowan
Property management Fees
Other income
Attivity
Property Management
Property Management
Property Management
Property Management
772.021
5.000
2,623
597,120
5,000
6,460
780,043
608,580
CHARITABLE AcnviTIE5 COSTS
Support costs
(see note 5)
Totals
2024
Property ManaEement
Governance Costs
543,296
1,323
544,618
543,296
1.323
544,618

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Page 11
SUPPORT COSTS
Governance
Costs
Management
Other
Totals
Property Management
Governance Costs
543,296
543.296
1,323
1,323
543,296
1.323
544,618
INCOME/(EXPENDITURE)
Net intome/(expenditure} Is stated after charging/(creditingl:
2024
2023
Depreciation-owned assets
9.958
TRUSTEES. REMUNERATFON AND BENEFITS
There were no trustees. remuneration or other benefits for the year ended 31 March 2024 nor for the year
ended 31 March 2023.
Trustees Expenses
There were no trustees, expenses paid for the year*nded 31 March 2024. the same for the year ended 31
March 2023.
srAFFING
The average monthly number of employees during the year was as follows:
2024
2023
No.
Administration
19
16

WESSMAPS HOUSING TRUST
NOTES TOTHE FINANCIAL sfATEMENTS-CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Paee12
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACtIVlTIES
Unrestritted Restricted
Fund
Fund
Total
Funds
INCOME AND ENDOWMEpifs FROM
Charitable activities
Property Management
608.580
608,580
Investment Income
734
734
TOTAL
609.315
609,315
EXPENDITURE ON
Charitable activitie5
Property Management
Other trading activities
Interest payable
Governance Costs
480,680
35.217
249
480.680
35,217
249
5,440
TOTAL
521.586
521.586
NET INCOME/(EXPENDITURE)
87,729
87.729
RECONCILIATION OF FUNDS
Total Funds brought forward
202,067
202,067
TOTAL FUNDS CARRIED FORWARD
289.796
289,796
10. TANGIBLE FIXED ASSEf5
Motor
Vehicles
Computer
Equipment
Total
COST
At l April 2023
Additions
At 31 March 2024
DEPRECIATION
At l April 2023
Charge for year
At 31 March 2024
24,5(K)
15,500
25,679
7.550
33.230
50,179
23,050
73,230
13,188
5,188
16.562
6,646
23,208
29.750
1,458
31.208
NET BOOK VALUE
At 31 March 2024
32.IXIO
10,022
42,022
At 31 March 2023
11.312
9.117
20,429

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL sfATEMENTS- coKfiNUED
FOR THE YEAR ENDED 31 MARCH 2024
Page 13
11. DEBTORS: AMOUbtrs FAWNG DUE WtrHIN ONE YEAR
2024
2023
Trade Debtors
Other Debtors
326,369
340.022
367,017
243,002
666.391
610,019
12. CREDITORS: AMouMf5 FALUNG DUE wrrHIN ONE YEAR
2024
2023
Trade Creditors
Social Security and other taxes
Other Creditors
Accrued expenses
64.202
9,318
514.833
2.300
7,101
8,032
429,188
2,300
590,653
446,621

WESSMAPS HOUSING TRUST
NOTES TOTHE FINANCIAL sfATEMENTS-CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Page 14
13. MOVEMENT OF FUNDS
Net
movement
in funds
At 1.4.23
At 31.3.24
Un Restricted funds
Restricted funds
289,796
202,650
492,446
TOTAL FUNDS
289,796
202.650
492,446
Net movement in funds, included in the above are as follows:
Incoming
Resources
Resources
Expended
Movement
in funds
Un Restricted funds
Restrirted funds
783,860
(581.210)
202.650
TOTAL FUNDS
783.860
(581.210)
202,650
Comparatives for movement in funds
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
Comparative net movement in furKls. Included in the above are as follows:
87,729
289,796
Incoming
ReSoU￿eS
Resource5
Expended
Movement
in funds
Restricted funds
Restricted funds
609,315
{521,5861
87,729
TOTAL FUNDS
609.315
(521,586)
87,729
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.

WESSMAPS HOUSING TRUST
DETAILED StATEMENT OF FINANCIAL ACTNMES
FOR THE YEAR ENDED 31 MARCH 2024
Page 15
2024
2023
INCOME AND ENDOWMEp¥rs
Investment income
Bank interest
3,817
734
Charitable activities
Management Fees
JRS Grants/Employment Allowance
Property management Fees
Other Income
Total Incoming resources
772,021
5,000
2,623
400
783,860
597,120
5,000
6,460
609,315
EXPENDITURE
Other trading activities
Void Rent
Service Charge costs
36,592
35,217
36,592
35,217
Support Costs
Management
Wages
Social Security
Pensions
Rent
Insurance
Telephone
Postage and stationery
Sundries
Computer and software
Rates and water
Professional Fees
Premises Expenses
Bank Charges
Depreciation of tangible assets
Travel 2nd subsistence
Motor cost5
Advertising
Other
Interest payable
376,054
36,240
21,033
26,301
2,488
4,058
14,845
413
10,034
2,055
8,659
239
226
9,958
17,428
10,917
364,553
33,098
10,901
12,489
2,092
3,423
3,329
5,440
5,143
904
1.423
891
249
10,036
14,689
10,095
2,348
1,092
Governance Costs
Accountancy and legal fees
1,323
6,520
544,618
581,210
486,369
521,586
Total Resources expended
Net (expenditure)Income
202,650
87,729