Regisiered charlty number.. 2S7118 The Hampshire Housing Trust Trustees report and financial statements for the year ended 5 April 2024 Osaffery
The Hampsbire Housing Trust Charity infomation Trustees Mr C A H Wi115 (Chairman) Mr l M l Balfour MrTRHWi115 Regtstered Charity Number 257118 Accountants and independent exarniners Saffery LLP Midland House 2 Poole Road Bournemouth Dorset BH2 5QY PrincRpal address The Estate Office Litchfield Whitchurch Harnpshire RG28 7PR
The Hamp5hlre Housing Trnst Contents Page Trusiees, report Independent examiner's report Statement of financial activities Balance sheet No5 to the financial statements
The Hampshlre Houslng Trust TSlee5, report The Trustees preknt their report together with the accounrs of the Hampshire Housing Trust for the year ended 5 April 2024. Hlrtory, ob5ectfves and acdvltles of the Trnst The Hampshire Housirtg Twst is a sm211 rural charirable housing trust owning ei8ht one and two bedroorn cottages in Lirchfield. near Whit¢hur¢h in North Hampshire. Established in 1968. its objectives are to prowde affordable accommodation in a rural communiry setting for retired agricultural workers and srarrer housing for children of agricultura] workers. The Wdst tnajority of the charity's fvnds are used ensure that irs properties are kept in good repair. with regular maintenance and irnprovements to meet current housing standards. to assist those with disabilities and to help the occupants have a good quality of life. Since 2018 it has established the Out and About Club initiative to "ve pensioners in the Whitchurrh are3 the opportunity to get together and to go on day trips to place5 of interesL This has been done with the support of Hampshire County Council and Testbourne Cornmunity School in Whitchurch. Wlth up to four wsits 3 year and a Christmas lunch. These visits have included Exbury Gardens, a canal boat trip on the Kennet and Avon Canal. and Blenheim Palace. with the nurnbers attending averawng around 40. Thi5 initiative helps to wve pensioners, many of whom may be living alone. the chance to socialise with others and have an enjoydble day OUL The objettive ofthe Trusi is as stated the Trust Deed. Yhe Trustees shall stand possessed of the Trust property and the income thereofupon trust to apply the same either as capital or as income forsuch charitsble purposes in or connected with Hampshire and its surrounding are3s as the Trustees shall frorn time to time think fit and so that nD Part ofthe Trust property need be retained or shall be treated as permanent endowment". Trustees have examined the major strategic and operallonal risks which the charity face& We can confirni that Systems are in place to eTJsure these risks are currently minimal. The Twrtees will continue to keep these risks under review. During the course oftheyear there were no major th2nges in the occupancy of theTnrfs properri Generdl mainienance and repairs have been carried OUL Now that people use open fires less we removed the chimney from one bungalow. The Out & About Club had a very successful year. The new adrnini5trator is doing a very good job. Three trips were organised and the feedback received from participants has been extremely posiove. No rent reviews were c2rried out in the year 2$ our agent tsrtexpectedly Ceased trddin& Strutt and Parker. Newbury have been asked to take on the role and will be conducting a Full rewew of the rent and property maintenance during 2024. The Trustees believe that the objettiv¢s ofthe Charity have been fvlfilled. and that theTrust is providinga public benefiL Flnanclal review and reserves The Trust has unreskncted funds of £612.956 ofwhich £347.326 relates to propertie& The remaining reserves of £265.630 are required for rnajor repairs and maintenance of properties, which are deemed appropria for the future. The Tru5t'5 policy is to maintatn sufficient resetves for routine annual expenditure, the fundkng of substantial capital repairs or improvements to the properties as required and. should the opportunity arise, the provision of new housing Ln the local area.
The Hampsblre HollnE T51 Trustees. report Statement of TThstee5' re5POJLslbilitles The irustees are responsible lor preparing the trustees. report and the financial statements in accordance with applicable law and United Kingdorn Accounting Starjdards (United Kingdom Generally Accepred Accounting Practicel- The law applicable to charities in England & Wales requires the trustees to prepare finanaal staternents for each finaDCj31 year which give a true and fair view of the stste of affaits of the charity and of the incoming resources and application of resources of the chariry for that period. In preparing those financial sta*ments the trustees are reqIred to= selert suitable accounting policies and then apply them ConStentIy,. observe the methods and principles in the Charities SORP IFRS102).' make judgemenES and esrimates that are reasonable and prudent: state whether applicable accounting standards have been followed. subject to any material departure5 disclosed and explained in the financial staternents.. and prepare the financi315tatements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disc105e with reasonable accurary at any time the financial positron ofthe charity and eTrable them to ensure that the financial statements cornply with the Charities Act 2011. applicable accounting regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charityand hence lor taking reasonable step5 for the prevention and detection offraud and other irregulariue& Trustees on........... .and signed on their behalfby.. MrCAH Trusteel man
The Hampshlre Houslng Trnst Independent examiner's report Independent examiner's report to the trustees ofThe Hampshire Houslng Trust I report to the charity trustees on my examination ofthe acmunts ofthe Hampshire HousingTrnst (the Trustl for the year ended 5th April 2024. Respectlve responslbilltles of tTUStees and examiner As the charity trustees oftheTrustyou are responsible for the preparation of the accounts in accordance with the requtrements ofthe Charities Act 2011 {'the Arf). I report in respect of my examination of the Trusys accounts carried oui under secDon 145 of the Act and in carr)ng out my examinarion I have followed all the applicable Directions given by the Charity ComTllis5ion undersection 145 151(bl of the Act Basls of Independent examlnerfs report My examination was carried our in accordance with the generdl Directions given by the Charity Commission. An examinauon includes a review ofthe accounting records kept by the charity and a COTnparison ofthe accounts presented with those records. It also includes considerdtion of any unusual items or di5closure5 in the accounts. attd seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide a51 the evidence that would be required in an audit and con5equent]y no opinion is given a5 to whether the accounts present a'true and 1r wew, and the report is limired ro those matters set out in the statement below. Independent examlner's statement I have cOmpled my examination. I confinn that no malerial marrers have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. Accounting records were not kept in respert of the charity as required by section 130 of the Act.. or 2. the accounts do not accord with those records: or 3. the accouots do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulatiot)s 2008 other than any requirement that the accounts give a'true and tair view, which is not a matter considered as parr of an independent examination. I have no concerns and have corne across no other rnatters in connection with the examination to which attenuon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Casidhe Baleri (ACA CTA) Saffery LLP Midland House 2 Poole Road Bournemouth Dorset BH2 5QY
The Hampshlre Housing Trust Statement of financial activiti¢s For the year ended S April 2024 Total Funds 2024 Total Funds 2023 Note Income Other trading activities Investments Other income 44.M8 7.114 323 42,013 4,749 86 51.885 46.848 Resources expended Charitable 3Ctivities Other expenses 3,864 19.881 3,342 21,971 [23.745) (25,313) Net Incoming resources forthe year 28,1410 21.535 Other recognised galns and losses Unrealised investment losses Realised iTEvestment gains (4.478) 5.171 (7.107] 693 17.1071 Net movement in 28.833 14.428 Reconciliation of fvnds Toral fvnds brought fowdrd at 6 April 2023 584.123 569,695 Toral funds carried foward at S April 2024 612.956 584.123 The above results are ail from unrestricted fund& There are no restrirted or endowment fvnds.
The Hatnpshire Hou51ng Trust Balance sheet As at 5 April 2024 Z024 2023 Note Fixed a55ets Tangible assets Investsnents 347.326 217.295 347.326 205,141 564.621 552,467 Current assets Debtors Cash at bank and in hand 731 68.893 805 52.333 69,624 53,138 Current liabllltles Creditors Ac£rua15 io 19.369 1,920 19,025 2,457 21.289 21.482 Net current assets 48335 31,656 Total assets less fU¢t liabilities 612,956 584.123 Represented by Unrestricted incorne fund at 6 April 2023 Movement in funds during the year 584.123 28.833 569,695 14.428 612,9S6 584,123 The finan tements on pages 4 to 9 were approved by the trustee5 on Mrc H Wills tee/ TRHWills Trustee MrlMIBalfo Trustee rnjan
The HampshlTe Housing Trust Notes to the financial statements For the year ended 5 April 2024 Accounting polldes In preparing the accounts the following accounting policies have been compiled with: 1.1 Accounting coDventloD The financial statements have been prepared under the historical cost convenrion. with the exceptlDn of listed investments which are included at their rnarket value. The accounts lfinantial st2tements) have been prepared in accordance with the Ststement of Recommended Prdctice- Accounting and Reporting by Charities preparin8 their accounts in accordance with the Financial Reporting Stsndards applicable LT) the UK and Republic of Ireland IFRS 102), and the Financial Reporting Sndard applicable in the United Kingdom and Republic oflreland (FRS 102) aDd the Charitie5 Act 2011 and UK Generally Accepted Practice. The Hampshire Housing Trust continues to be a publkc benefit entity as defined by FRS 102. The trustees consider that there are no material uncertsinties about the Trusvs ability to conunue as a going concern. l.Z Incoming resources Income 15 recognised in the period in which the charity is erttitied ro receipt and the amount can be me2sured with reasonable certainty. Investment income is included in the accounts when receivable and includes the related tax recoYeTrble. Investment gains or losses include the sale of investments and any gain or loss resulting frorn revaluing investnjents to market value at the end of the year. 1.3 Resources expended Administratiool governance costs represent expenditure incurred in the general running of the charity i.e. organisational admirtistration and compliance with constitutional and st3tutory requirements etc. These costs are accounted lor on the accruals basi& 1.4 Ttion As a re&ry5tered charity. the Trust is exempt from income tax and capir31 gains tax, but not from the value added taL Irrecoverable value added tsx is included in the cost of those items to which it relates l.S Investments Listed investments are stated at market value at the balance sheet da. Any realised gain or loss on disposal or unreali5ed gain or loss on revaluation is taken 10 the Statement of Financial Actiwtie& At)y costs associ3ted with the sale or purchase of investrnents is accounted for part ofthe saleor purchase price of the investments. I Fund ac(outln8 The chanty maintains the following funds'.- Income fund- this represents accumulated income from the fixed assets investsnents and cash at bank and is applied for administerhng the affairs ofthe tharity. This fund may at the di5cretioD of the trustees be expended for capi¢31 putyos 1.7 Financial instruments The ¢h>riry has linanaal assets and liabilities of a kind that qualify as basic financial instruments. Basic financial in5trumenrs are recogni5ed iniualty in the accounts ar transaction price. including any transaction cosrs. At the end of each accouniing period, basic financial instrurnents are reco8llLsed at amorrised cost. For debt instruments this is calculated using the effective interest rate method.
The Hampshlre Housing Trnst Notes to the financial ststernents (contlnued) Forthe yearended S Aprfl 2024 Accountlng polldes (contlnued) 1.8 Critical estimates and judgements and key sources ofestirnation uncertainty Ir) the application olthe Charity's accounting policies. the trustees are required to make judgements. estlTf13tes and assutnption5 about the carrying 3rnount of assets and liabilities that are not readily apparent from other sources.The estimates are recognised in the period in which the esumate is revised where the revision afferts only that period. or in the period ofrevision and future periods where the revision effects both current and fuwre periods. There are DO Critical estima$. judgements or key sources of esrimation uncertairtty in 2024 or 2023. Income 2024 2023 Renrs received Investrnent incorne Interest received 44.448 7,114 323 42,013 4,749 86 51,885 46,848 Charitable activities 2024 2023 Out and About Club 3.864 3,342 3,864 3,342 Other expeD5es 2024 2023 Insurance Property repairs and maintenance Litchfield Farnts adrninistrative fees Computer expenses Accountan(y 2,478 11,119 3,990 194 2.100 3,214 13,786 3,000 iii 1.860 19.881 21.971 Trnstees rernuneration and expenses No remunerdtion directly or indirectty was paid or payable out olthe funds of the charity for the years to any trustee or to any person or persons known to be connecLed with any ofthem. No reÉmbursernent ofexpenses Iw been made or is due to be made to any of the trustees in respert ofthe year.
The Hampsh5re Houslng Trnst Notes to the finanaaj statements (continued) rY)r the year ended 5 April 2024 Fees for examinatioD ofthe accounts 2024 2023 Independent examinauon and accountanry 1,920 1.560 1,920 1.560 Tangible fixed assets 2The Village. L5tchfield 5.6.7 & 8 3.4 & S jubilee Grenage, Close, litchfield Litrhfield Total Cost Ai 6 April 2023 &at S April 2024 IS2,378 45.793 149.ISS 347,326 Depreciation At 6 April 2023 & at S April 2024 Net book value At 5 April 2024 152.378 45.793 149.155 347,326 At 5 April 2023 152.378 45.793 149.155 347,326 The above properties are not depreciared 3s the residual property value is deerned to be greater then the carrying amount of35sets below). ValuatioD The trustees beleive that the following open market valuations are appropriate as at the Balance Sheet date.. 2The Village. Lit£bfield S,6,7 & 8 3,4 & 5 jubilee Grenage, Close, Litchfield litchfield Total Valuation 332.480 831.200 997.440 2.161.120 Ifthe above values were to be incorpordted into the accounts. the Net Asset Value of the Trustwould be reStad to E2,426.750 {2023.. £2,316.797J
The Hampshlre HousiDgTn Notes to the finaDaal statements (contlnued) For the year ended S April 2024 Fixed asset investments 2024 2023 C05t At 6 April 2023 Additions Rewdluation Disposals 205,141 42,996 (4.478) (26,3641 161,679 50,569 (7.107) At S April 2024 217.295 205.141 Splii as-. Listed investments Cash 167,295 50.000 155.141 50.000 217,295 205.141 Historical cost of iDvestmentsat 5 April 2024 195,404 19S,404 The investrnents are all listed on the London Stock Exchange and are therefore deemed ro be investment assets in the UK. Debtors 2024 2023 Amounts talllDg due wlthin one year. Trade debtors Prepayrnents and acLTued incorne 114 617 297 S08 731 805 10 Credltors 2024 2023 Trade creditors Other rredktDrs 344 19,025 19.025 19,369 19,025