**.** 

## **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 - (Chairman) 

- Nicola Cavanagh - (HR/ Finance) 

- Trudy M[c] Keown - (Governance) 

- Mr Andrew Lockey - (CEO) 

- Mrs Jane Lockey – Founder of the Charity 

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

1[st] April 2024 – 31[st] March 2025. 

## **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 01/04/2024, Wessmaps Housing Trust maintained two hundred and one tenancies providing housing support to people across Hampshire with different local authorities. During the period covered by this report WHT has taken on twenty one new tenants, moved 

1 



thirty three tenants within the portfolio and twenty four tenants have left the support provided by our tenancies to alternative general needs accommodation. At the end of this period 31/03/2025 the tenancy portfolio stands at one hundred and ninety-eight tenancies, providing twenty-one new additional tenancies and additional support to new tenants. 

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 maintained our working partnership with our existing support providers  within  our  common  bond  area.  We  have  also  maintained 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 purchased our first freehold property on 14[th] February 2025 this enabled us to provide a safe secure home for a family with two you children, fleeing domestic violence. 

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 sfATEMENTS FOR THE YEAR
ENDED 31 MARCH 2025
FOR
WESSMAPS HOUSING TRUST
ROWLES & CO
UNIT 104
SOLENT BUSINESS CENTRE
MILLBROOK ROAD WEST
SOUTHAMPTON
S015 OHW

WESSMAPS HOUSING TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-14
Detailed Statement of Financial Activities
15

WESSMAPS HOUSING TRUST
FOR THE YEAR ENDED 31 MARCH 2025
Page I
The trustees present their report with the financial statements of the charity for the year ended 31 March
2025. 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 1021 (effective l January 20151.
OBJEcfivES AND AcfiviTIES
Objectives and aims
The principal objectives of the CIO are the relief of financial hardship amongst disadvantaged people for the
public benef it 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.
Public benefit
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 charity
should undertake.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
At the beginning of the financial year, Wessmaps Housing Trust maintained two hundred and two tenancies
providing housing support to people across with the different local authorities. WHT has increased the
tenancy portfolio to two hundred and eight. providing Six 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.
Toward the end of the financial year the Charity hit a mojor milestone with the purchase of it's first property
for use by clients.
FINANCIAL REVIEW
Incoming resources totalled £940,172 (Prev: £783,860) for the period and resources expended were
£764,064 {Prev- £581,210) giving a surplus of £176,108 (Prev= surplus £202.6501 for the period.

WESSMAPS HOUSING TRUST
Page 2
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
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
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") be a charity trustee, for as long as he or she holds that office.
Mrs Nicola Cavanagh ( HR/Finance)
Mrs Trudy McKeown I Commercial)
Mr Richard McKeown (Chair)
Mrs Jane Lockey
{Chief Executive)
Overall management of the charity is the responsibility of the trustees who are elected and co-opted under
the terms of the constitution. 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 2025
Page 3
REFERENCE AND ADMINISTRATIVE DETAILS
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
Mrs Nicola Cavanagh l HR/Finance)
Mrs Trudy McKeown I Commercial)
Mr Richard McKeown Ichairl
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 .............................................And signed on its behalf by:
Mr Richard McKeown {Chairl

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
WESSMAPS HOUSING TRUST
Page 4
Independent examinerfs report to the trustees of Wessmaps Housing Trust I'the Company")
I report to the charity trustees on my examination of the accounts of the Company forthe year ended 31
March 2025.
Responsibilities and basis of report
As the charity's 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 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 2011 {"the 2011 Act"). In carrying
out my examination I have followed the Directions given by the Charity Commission under section 145151 {bl
of the 2011 Act.
Independent examinerfs 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 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 conslstent with
the Charities SORP IFR51021;
any matter which the examiner believes should be drawn to the attention of the reader to gain a proper
understanding of the accounts.
Rowles and Co
U 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 2025
Page 5
2025
Total
Funds
2024
Total
Funds
Unrestricted
Fund
Restricted
Fund
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Property Management
934,751
934,751
780,043
Investment income
5,421
5,421
3,817
Total
940.172
940,172
783,860
EXPENDITURE ON
Raising funds
Charitable activities
Property Management
Governance Costs
84,598
84,598
36,592
673,942
5,525
673.942
5,525
543.296
1,323
Total
764.064
764,064
581,210
NET INCOME(EXPENDITURE)
176.108
176,108
202,650
RECONCILIATION OF FUNDS
Total funds brought forward
492.446
492.446
289,796
TOTAL FUNDS CARRIED FORWARD
668,554
668,554
492,446
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities

WESSMAPS HOUSING TRUST
BALANCE SHE
AT 31 MARCH 2025
Page 6
2025
Total
Funds
2024
Total
Funds
Unrestrirted
Notes
Fund
Restricted
Fund
FIXED ASSETS
Tangible assets
io
285,430
285.430
42,022
CURRENT ASSETS
Debtors
Cash in hand
li
709,484
251,846
709,484
251.846
666,391
374,686
961.330
961.330
1,041.077
CREDITORS
Amounts falling due within one year
12
404,644
404,644
590,653
NET CURRENT ASSETS
556,686
556,686
450,424
TOTAL ASSETS LESS CURRENT
LIABILITIES
842,116
842,116
492,446
Long term liabilities
173,562
173,562
NET ASSETS
668.554
668,554
492,446
FUNDS
Restricted funds
13
668,554
492,446
TOTAL FUNDS
668,554
492,446

WESSMAPS HOUSING TRUST
BALANCE sHE￿- CONTINUED
AT 31 MARCH 2025
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 2025.
The members have not required the company to obtain an audit of its financial statements for the year
ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustee5 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 f inancial 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 Sections 394 and 395 and which otherwise 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
Companie5 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 Ichairl

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 8
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is 3 public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP IFRS 102) "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 1021 (effective l January
20151" Financial Reporting Standard 102 "The 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 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 constructive obligation com mitting 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 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 2025
Page 9
Tangible fixed assets
Depreciation is 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.
Taxation
The charity is exempt from corporation tax on its charitable activities.

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Page 10
ACCOUNTING POLICIES- continued
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted 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
2025
Z024
Bank interest
5,421
3.817
INCOME FROM CHARITABLE ACTIVITIES
2025
2024
Activity
Property Management
Property Management
Property Management
Property Management
Management fees
JRS Grants/Employment Allowance
Property management Fees
Other income
919,216
10,500
5,035
772,021
5.000
2,623
400
934,751
780,043
CHARITABLE AcfiviTIES COSTS
Support Costs
(see note 5)
Totals
2025
Property Management
Governance Costs
673.942
5,525
679,466
673.942
5,525
679,466

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Page 11
SUPPORT COSTS
Governance
Costs
Management
Other
Totals
Property Management
Governance Costs
673.942
673.942
5,525
5,525
673,942
5,525
679,466
NET INCOME/(EXPENDITURE)
Net incomellexpenditurel is stated after charging/{creditingl:
2025
2024
Depreciation-owned assets
10.673
9,958
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits forthe year ended 31 March 2025 nor for the year
ended 31 March 2024.
Trustees Expenses
There were no trustees, expenses paid forthe year-ended 31 March 2025, the same for the year ended 31
March 2024.
STAFFING
The average monthly number of employees during the year was as follows-
2025
No.
2024
No.
Administration
19
19

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS-CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Page 12
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
Fund
Fund
Total
Funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Property Management
780,043
780,043
Investment Income
3,817
3,817
TOTAL
783,860
783,860
EXPENDITURE ON
Charitable activities
Property Management
Other trading activities
Interest payable
Governance Costs
540,947
36,592
2,348
1,323
540,947
36.592
2,348
1.323
TOTAL
581.210
581,210
NET INCOME/IEXPENDITUREI
202.650
202,650
RECONCILIATION OF FUNDS
Total Funds brought forward
289,796
289,796
TOTAL FUNDS CARRIED FORWARD
492,446
492,446
10. TANGIBLE FIXED AsS￿s
Motor
Vehicles
Computer
Equipment
Premises
Total
COST
At l April 2024
Additions
At 31 March 2025
DEPRECIATION
At l April 2024
Charge for year
At 31 March 2025
40,000
33,230
669
33.899
73,230
254.081
327,311
253,413
253.413
40.000
8,000
8.000
16,000
23,208
2,673
25,881
31,208
10.673
41,881
NET BOOK VALUE
At 31 March 2025
253.413
24,000
8.018
285,430
At 31 March 2024
32,000
10,022
42,022

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS-CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Page 13
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade Debtors
Staff Loans
Other Debtors
327,617
49,885
331.983
326,369
340.022
709,484
666,391
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade Creditors
Social Security and other taxes
Other Creditors
Accrued expenses
49,843
10,901
341,600
2,300
64,202
9,318
514,833
2,300
404,644
590,653

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS-CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Page 14
13. MOVEMENT OF FUNDS
Net
movement
in funds
01104124
31103125
Un Restricted funds
Restricted funds
492,446
176,108
668,554
TOTAL FUNDS
492,446
176,108
668,554
Net movement in funds, included in the above are as follows:
Incoming
Resources
Resources
Expended
Movement
in funds
Un Restricted funds
Restricted funds
940,172
1764.0641
176,108
TOTAL FUNDS
940.172
(764.064)
176,108
Comparatives for movement in funds
At
01104124
Movement
in funds
At
31103125
Un Restricted funds
Restricted funds
289,796
202,650
492,446
TOTAL FUNDS
289,796
202,650
492,446
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Resources
Expended
Movement
in funds
Un Restricted funds
Restricted funds
783,860
1581,2101
202,650
TOTAL FUNDS
783.860
(581,210)
202,650
14. RELATED PARTY DISCLOSURES
Included within Debtors is a material loan of £40.904 made to a member of staff (who is also member of the
management team). The loan is interest bearing and 15 due to be repaid in full by 31 March 2026. The
balance outstanding at 31 March 2025 was £40.904.

WESSMAPS HOUSING TRUST
D￿AlLED STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 MARCH 2025
Page 15
2025
2024
INCOME AND ENDOWMENTS
Investment income
Bank interest
5,421
3,817
Charitable activities
Management Fees
JRS Grants/Employment Allowance
Property management Fees
Other Income
Total Incoming resources
919,216
10,500
5,035
772,021
5.000
2,623
400
783,860
940,172
EXPENDITURE
Other trading activities
Void Rent
Service Charge costs
84,598
36,592
84.598
36,592
Support C05t5
Management
Wages
Social Security
Pensions
491.119
45,193
11,751
26,112
5,361
5,036
8,375
8,896
10,279
1,247
8,707
376.054
36,240
21.033
26,301
2.488
4,058
14,845
413
10.034
2,055
8,659
239
226
Rent
Insurance
Telephone
Postage and stationery
Sundries
Computer and software
Rates and water
Professional Fee5
Premises Expenses
Bank Charges
Depreciation of tangible assets
Travel and subsistence
Motor costs
Advertising
2,814
10,673
23,069
14,310
1,000
9,958
17,428
10,917
Other
Interest payable
2.348
Governance Costs
Accountancy and legal fees
5,525
1,323
679,466
764,064
544,618
581,210
Total Resour¢e5 expended
Net (expenditure)Income
176,108
202,650

REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR
ENDED 31 MARCH 2025
FOR
WESSMAPS HOUSING TRUST
ROWLES & CO
UNIT 104
SOLENT BUSINESS CENTRE
MILLBROOK ROAD WEST
SOUTHAMPTON
S015 OHW

WESSMAPS HOUSING TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-14
Detailed Statement of Financial Activities
15

WESSMAPS HOUSING TRUST
FOR THE YEAR ENDED 31 MARCH 2025
Page I
The trustees present their report with the financial statements of the charity for the year ended 31 March
2025. 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 1021 (effective l January 20151.
OBJEcfivES AND AcfiviTIES
Objectives and aims
The principal objectives of the CIO are the relief of financial hardship amongst disadvantaged people for the
public benef it 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.
Public benefit
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 charity
should undertake.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
At the beginning of the financial year, Wessmaps Housing Trust maintained two hundred and two tenancies
providing housing support to people across with the different local authorities. WHT has increased the
tenancy portfolio to two hundred and eight. providing Six 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.
Toward the end of the financial year the Charity hit a mojor milestone with the purchase of it's first property
for use by clients.
FINANCIAL REVIEW
Incoming resources totalled £940,172 (Prev: £783,860) for the period and resources expended were
£764,064 {Prev- £581,210) giving a surplus of £176,108 (Prev= surplus £202.6501 for the period.

WESSMAPS HOUSING TRUST
Page 2
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
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
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") be a charity trustee, for as long as he or she holds that office.
Mrs Nicola Cavanagh ( HR/Finance)
Mrs Trudy McKeown I Commercial)
Mr Richard McKeown (Chair)
Mrs Jane Lockey
{Chief Executive)
Overall management of the charity is the responsibility of the trustees who are elected and co-opted under
the terms of the constitution. 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 2025
Page 3
REFERENCE AND ADMINISTRATIVE DETAILS
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
Mrs Nicola Cavanagh l HR/Finance)
Mrs Trudy McKeown I Commercial)
Mr Richard McKeown Ichairl
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 .............................................And signed on its behalf by:
Mr Richard McKeown {Chairl

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
WESSMAPS HOUSING TRUST
Page 4
Independent examinerfs report to the trustees of Wessmaps Housing Trust I'the Company")
I report to the charity trustees on my examination of the accounts of the Company forthe year ended 31
March 2025.
Responsibilities and basis of report
As the charity's 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 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 2011 {"the 2011 Act"). In carrying
out my examination I have followed the Directions given by the Charity Commission under section 145151 {bl
of the 2011 Act.
Independent examinerfs 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 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 conslstent with
the Charities SORP IFR51021;
any matter which the examiner believes should be drawn to the attention of the reader to gain a proper
understanding of the accounts.
Rowles and Co
U 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 2025
Page 5
2025
Total
Funds
2024
Total
Funds
Unrestricted
Fund
Restricted
Fund
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Property Management
934,751
934,751
780,043
Investment income
5,421
5,421
3,817
Total
940.172
940,172
783,860
EXPENDITURE ON
Raising funds
Charitable activities
Property Management
Governance Costs
84,598
84,598
36,592
673,942
5,525
673.942
5,525
543.296
1,323
Total
764.064
764,064
581,210
NET INCOME(EXPENDITURE)
176.108
176,108
202,650
RECONCILIATION OF FUNDS
Total funds brought forward
492.446
492.446
289,796
TOTAL FUNDS CARRIED FORWARD
668,554
668,554
492,446
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities

WESSMAPS HOUSING TRUST
BALANCE SHE
AT 31 MARCH 2025
Page 6
2025
Total
Funds
2024
Total
Funds
Unrestrirted
Notes
Fund
Restricted
Fund
FIXED ASSETS
Tangible assets
io
285,430
285.430
42,022
CURRENT ASSETS
Debtors
Cash in hand
li
709,484
251,846
709,484
251.846
666,391
374,686
961.330
961.330
1,041.077
CREDITORS
Amounts falling due within one year
12
404,644
404,644
590,653
NET CURRENT ASSETS
556,686
556,686
450,424
TOTAL ASSETS LESS CURRENT
LIABILITIES
842,116
842,116
492,446
Long term liabilities
173,562
173,562
NET ASSETS
668.554
668,554
492,446
FUNDS
Restricted funds
13
668,554
492,446
TOTAL FUNDS
668,554
492,446

WESSMAPS HOUSING TRUST
BALANCE sHE￿- CONTINUED
AT 31 MARCH 2025
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 2025.
The members have not required the company to obtain an audit of its financial statements for the year
ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustee5 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 f inancial 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 Sections 394 and 395 and which otherwise 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
Companie5 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 Ichairl

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 8
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is 3 public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP IFRS 102) "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 1021 (effective l January
20151" Financial Reporting Standard 102 "The 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 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 constructive obligation com mitting 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 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 2025
Page 9
Tangible fixed assets
Depreciation is 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.
Taxation
The charity is exempt from corporation tax on its charitable activities.

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Page 10
ACCOUNTING POLICIES- continued
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted 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
2025
Z024
Bank interest
5,421
3.817
INCOME FROM CHARITABLE ACTIVITIES
2025
2024
Activity
Property Management
Property Management
Property Management
Property Management
Management fees
JRS Grants/Employment Allowance
Property management Fees
Other income
919,216
10,500
5,035
772,021
5.000
2,623
400
934,751
780,043
CHARITABLE AcfiviTIES COSTS
Support Costs
(see note 5)
Totals
2025
Property Management
Governance Costs
673.942
5,525
679,466
673.942
5,525
679,466

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Page 11
SUPPORT COSTS
Governance
Costs
Management
Other
Totals
Property Management
Governance Costs
673.942
673.942
5,525
5,525
673,942
5,525
679,466
NET INCOME/(EXPENDITURE)
Net incomellexpenditurel is stated after charging/{creditingl:
2025
2024
Depreciation-owned assets
10.673
9,958
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits forthe year ended 31 March 2025 nor for the year
ended 31 March 2024.
Trustees Expenses
There were no trustees, expenses paid forthe year-ended 31 March 2025, the same for the year ended 31
March 2024.
STAFFING
The average monthly number of employees during the year was as follows-
2025
No.
2024
No.
Administration
19
19

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS-CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Page 12
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
Fund
Fund
Total
Funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Property Management
780,043
780,043
Investment Income
3,817
3,817
TOTAL
783,860
783,860
EXPENDITURE ON
Charitable activities
Property Management
Other trading activities
Interest payable
Governance Costs
540,947
36,592
2,348
1,323
540,947
36.592
2,348
1.323
TOTAL
581.210
581,210
NET INCOME/IEXPENDITUREI
202.650
202,650
RECONCILIATION OF FUNDS
Total Funds brought forward
289,796
289,796
TOTAL FUNDS CARRIED FORWARD
492,446
492,446
10. TANGIBLE FIXED AsS￿s
Motor
Vehicles
Computer
Equipment
Premises
Total
COST
At l April 2024
Additions
At 31 March 2025
DEPRECIATION
At l April 2024
Charge for year
At 31 March 2025
40,000
33,230
669
33.899
73,230
254.081
327,311
253,413
253.413
40.000
8,000
8.000
16,000
23,208
2,673
25,881
31,208
10.673
41,881
NET BOOK VALUE
At 31 March 2025
253.413
24,000
8.018
285,430
At 31 March 2024
32,000
10,022
42,022

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS-CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Page 13
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade Debtors
Staff Loans
Other Debtors
327,617
49,885
331.983
326,369
340.022
709,484
666,391
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade Creditors
Social Security and other taxes
Other Creditors
Accrued expenses
49,843
10,901
341,600
2,300
64,202
9,318
514,833
2,300
404,644
590,653

WESSMAPS HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS-CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Page 14
13. MOVEMENT OF FUNDS
Net
movement
in funds
01104124
31103125
Un Restricted funds
Restricted funds
492,446
176,108
668,554
TOTAL FUNDS
492,446
176,108
668,554
Net movement in funds, included in the above are as follows:
Incoming
Resources
Resources
Expended
Movement
in funds
Un Restricted funds
Restricted funds
940,172
1764.0641
176,108
TOTAL FUNDS
940.172
(764.064)
176,108
Comparatives for movement in funds
At
01104124
Movement
in funds
At
31103125
Un Restricted funds
Restricted funds
289,796
202,650
492,446
TOTAL FUNDS
289,796
202,650
492,446
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Resources
Expended
Movement
in funds
Un Restricted funds
Restricted funds
783,860
1581,2101
202,650
TOTAL FUNDS
783.860
(581,210)
202,650
14. RELATED PARTY DISCLOSURES
Included within Debtors is a material loan of £40.904 made to a member of staff (who is also member of the
management team). The loan is interest bearing and 15 due to be repaid in full by 31 March 2026. The
balance outstanding at 31 March 2025 was £40.904.

WESSMAPS HOUSING TRUST
D￿AlLED STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 MARCH 2025
Page 15
2025
2024
INCOME AND ENDOWMENTS
Investment income
Bank interest
5,421
3,817
Charitable activities
Management Fees
JRS Grants/Employment Allowance
Property management Fees
Other Income
Total Incoming resources
919,216
10,500
5,035
772,021
5.000
2,623
400
783,860
940,172
EXPENDITURE
Other trading activities
Void Rent
Service Charge costs
84,598
36,592
84.598
36,592
Support C05t5
Management
Wages
Social Security
Pensions
491.119
45,193
11,751
26,112
5,361
5,036
8,375
8,896
10,279
1,247
8,707
376.054
36,240
21.033
26,301
2.488
4,058
14,845
413
10.034
2,055
8,659
239
226
Rent
Insurance
Telephone
Postage and stationery
Sundries
Computer and software
Rates and water
Professional Fee5
Premises Expenses
Bank Charges
Depreciation of tangible assets
Travel and subsistence
Motor costs
Advertising
2,814
10,673
23,069
14,310
1,000
9,958
17,428
10,917
Other
Interest payable
2.348
Governance Costs
Accountancy and legal fees
5,525
1,323
679,466
764,064
544,618
581,210
Total Resour¢e5 expended
Net (expenditure)Income
176,108
202,650