Docusign Envelope ID: 3905EDEO-03174A72-BE2D-AC2AAF5AF557 Hampshire Housing Trust Trustees. report Tlie Trustees present their report together with the accounts of the Hampshire Housing Trust for the year ended 5 Api"il 2025. History, objectives and activities of the Trust The Trust was formed by a Trust Deed dated 12th August 1968. The Hampshire Housing Trust is a small rural charitable housing trust owning eight one and two bedroom Cottages in Litchfield, near Whitchurch in Hampshire. The objective of the Trust is as stated in the Trust Deed, "The Trustees shall stand possessed of the Trust property and the income thereof upon trust to apply the same either as capital or as income for such charitable purposes in or connected with Hampshire and its surrounding areas as the Trustees shall from time to time think fit and so that no part of the Trust property need be retained or shall be treated as permanent endowment" Trustees have examined the major strategic and operational risks which the charity faces. We can confirm that systems are in place to ensure these risks are currently minimal. The Trustees will continue to keep these risks under review. During the course of the year there were no major changes in the occupancy of the Trust's properties. General maintenance and repairs have been carried out. The Out & About Club had another successful year with increasing membership numbers and three popular outings organised, each of which received very positive feedback from the participants. No rent reviews were carried out in the year as our agent unexpectedly ceased trading. Ceres Rural, Newbury have been asked to take on the role and will be conducting a full review of the rent and property maintenance during 2025. The Trustees believe that the objertives of the Charity have been fulfilled, and that the Trust is providing a public benefit. Financial review and reserves The Trust has unrestrlcted funds of £644,904 of which £347,326 relates to properties. The remaining reserves of £297,578 are required for major repairs and maintenance of properties, which are deemed appropriate for the future, The Trusvs policy is to maintain sufficient reserves for routine annual expenditure, the funding of substantial capital repairs or improvements to the properties as required and, should tlie oppoi-tunity arise, the provision of new housing in the local area. Statement of Trustees, responsibilities The trustees are responsible for preparing the ti'ustees, report and the financial statements in accordance with applicable law and United Kingdom Accountiiig Standards (.United l<iiigdom Geiierally Accepted Accouiitiiig Practice). Tlie law applicable to charities in England & Wales requires the trustees to prepare financial statL'nients for each financial year which give a true and fair view of tlie state of affairs of the charity and of the incomlng resources and applicatio_n of resources of die charity for thal period.
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