THE PORTLAND TRUST

Charity number: 1106429
Charity reporting is up to date (86 days late)

Charity overview

Activities - how the charity spends its money

The Portland Trust supports a number of projects in the furtherance of its charitable activities. Full details of these projects are given in the Trustees' Report included in the annual accounts.

Income and expenditure

Data for financial year ending 31 December 2022

Total income:
£2,624,817

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Donations and legacies £2.62m
Charitable activities £0
Other trading activities £0
Investments £5
Other £0

Total expenditure:
£3,700,821

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Raising funds £0
Charitable activities £3.18m
Other £519.16k

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Income generation and governance £519.16k
Charitable expenditure £3.18m

People

14 Employee(s)

7 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£110k to £120k 1
£120k to £130k 1
£150k to £200k 1
£250k to £300k 1

Fundraising

This charity raises funds from the public but does not work with professional fundraisers or commercial participators.

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Other Finance
  • Provides Human Resources
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout London
  • Israel
  • Occupied Palestinian Territories

Governance

Registration history:
  • 26 October 2004: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
04699155 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

7 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
SIR RONALD COHEN Chair 26 October 2004
THE MICHAEL COHEN TRUST
Received: On time
THE R AND S COHEN FOUNDATION
Received: On time
THE GLOBAL STEERING GROUP FOR IMPACT INVESTMENT
Received: On time
JONATHAN HAREL-COHEN Trustee 01 January 2023
THE R AND S COHEN FOUNDATION
Received: On time
STEVEN KAYE Trustee 01 January 2023
THE AIMWELL CHARITABLE TRUST
Received: On time
UNITED JEWISH ISRAEL APPEAL
Received: On time
Gila Sacks Trustee 01 January 2023
RABBI SACKS LEGACY TRUST
Received: On time
UNITED JEWISH ISRAEL APPEAL
Received: On time
Nicola Cobbold Trustee 01 October 2015
THE GLOBAL STEERING GROUP FOR IMPACT INVESTMENT
Received: On time
SIR MICHAEL LAWRENCE DAVIS Trustee 17 May 2012
THE DAVIS FOUNDATION
Received: On time
THE KEMACH FOUNDATION
Received: On time
SIR HARRY SOLOMON Trustee 26 October 2004
THE SIR MARTIN GILBERT LEARNING CENTRE
Received: On time
THE HEATHSIDE CHARITABLE TRUST
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/12/2018 31/12/2019 31/12/2020 31/12/2021 31/12/2022
Total gross income £2.17m £1.79m £3.29m £2.74m £2.62m
Total expenditure £1.56m £2.27m £2.47m £2.64m £3.70m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £2.17m £1.35m £2.24m £2.74m £2.62m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £418 £443.46k £1.04m £351.20k £5
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.56m £2.27m £1.98m £2.28m £3.18m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £84.33k £0 £0 £0 £100.60k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £496.55k £361.53k £519.16k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2018 31/12/2019 31/12/2020 31/12/2021 31/12/2022
Own use assets £43.19k £29.99k £24.70k £14.13k £8.30k
Long-term investments £5 £5 £5 £5 £5
Other assets £1.35m £761.15k £1.56m £2.03m £1.09m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £365.25k £237.94k £219.78k £232.62k £363.54k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2022 25 January 2024 86 days late
Accounts and TAR 31 December 2022 25 January 2024 86 days late Download Open in new window
Annual return 31 December 2021 15 August 2022 On time
Accounts and TAR 31 December 2021 15 August 2022 On time Download Open in new window
Annual return 31 December 2020 03 August 2021 On time
Accounts and TAR 31 December 2020 16 August 2021 On time Download Open in new window
Annual return 31 December 2019 29 October 2020 On time
Accounts and TAR 31 December 2019 29 October 2020 On time Download Open in new window
Annual return 31 December 2018 27 October 2019 On time
Accounts and TAR 31 December 2018 27 October 2019 On time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 17 MARCH 2003

Charitable objects

FOR SUCH EXCLUSIVELY CHARITABLE PURPOSES FOR THE BENEFIT OF THE PUBLIC IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT.

Area of benefit

The area the charity can operate in, as set out in its governing document.

IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT.

Contact information

Address:
Haines Watts London Llp
69-73 Theobalds Road
LONDON
LONDON
WC1X 8TA
Phone:
02071827782
Email:
No information available
Website:

www.portlandtrust.org Open in new window