Portsmouth Area Regeneration Trust

Charity number: 1079454
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Parity Trust provide secured loans and mortgages. Loan are available for homeowners that need repairs, improvements or necessary adaptations. Mortgages are available for; people wishing to move to a more suitable property for their needs in later life and Shared Ownership mortgages enabling first time buyers to enter the property market.

Income and expenditure

Data for financial year ending 31 March 2024

Total income: £15,171
Total expenditure: £226,392

People

4 Trustee(s)

Employees with total benefits over £60,000

No information available

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

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

What, who, how, where

What the charity does:
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Environment/conservation/heritage
  • Economic/community Development/employment
Who the charity helps:
  • Elderly/old People
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
How the charity helps:
  • Provides Other Finance
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 18 February 2000: Standard registration
Organisation type:
Charitable company
Other names:
  • PARITY TRUST (Working name)
  • PART (Working name)
  • SOUTH COAST MONEY LINE (Working name)
  • Parity Trust (Previous name)
  • PORTSMOUTH AREA REGENERATION TRUST (Previous name)
Company number:
03794640 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
  • Financial Conduct Authority
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
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

4 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
James Robert Culverwell Chair 24 April 2017
None on record
Jonathan Edward McQuiston Trustee 24 July 2024
None on record
SIMON ANDREW FROST Trustee 13 February 2024
None on record
Sandra Dalby-Hopkins Trustee 24 August 2022
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £15.05k £13.66k £16.00k £17.50k £15.17k
Total expenditure £16.86k £20.46k £9.86k £36.01k £226.39k
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

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 March 2024 23 September 2024 On Time
Accounts and TAR 31 March 2024 Not Required
Annual return 31 March 2023 27 November 2023 On Time
Accounts and TAR 31 March 2023 Not Required
Annual return 31 March 2022 06 February 2023 6 days late
Accounts and TAR 31 March 2022 Not Required
Annual return 31 March 2021 24 January 2022 On Time
Accounts and TAR 31 March 2021 Not Required
Annual return 31 March 2020 28 October 2020 On Time
Accounts and TAR 31 March 2020 Not Required
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 INCORPORATED 24/06/1999 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 25/06/2001 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 05/06/2002 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 22/07/2004 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 06/10/2010 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 30/09/2011 as amended on 25 Sep 2019 as amended on 26 Oct 2022

Charitable objects

THE PROMOTION FOR THE PUBLIC BENEFIT OF URBAN OR RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION IN THE UNITED KINGDOM BY ALL OR ANY OF THE FOLLOWING MEANS: A) THE RELIEF OF POVERTY B) THE RELIEF OF UNEMPLOYMENT C) THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE. D) THE PROVISION OF FINANCIAL ASSISTANCE, TECHNICAL ASSISTANCE OR BUSINESS ADVICE OR CONSULTANCY IN ORDER TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES FOR UNEMPLOYED PEOPLE IN CASES OF FINANCIAL OR OTHER CHARITABLE NEED THROUGH HELP: (I) IN SETTING UP THEIR OWN BUSINESS; OR (II) TO EXISTING BUSINESSES E)THE PROVISION OR ASSISTANCE IN THE PROVISION OF RECREATIONAL FACILITIES FOR THE PUBLIC AT LARGE OR THOSE BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES, HAVE NEED OF SUCH FACILITIES; F) THE PROVISION OF ADVICE AND SERVICES TO THOSE IN RECEIPT OF BENEFITS AND THOSE WHO ARE BOTH LOW WAGED AND UN-WAGED. G) THE PROVISION AND IMPROVEMENT OF HOUSING AND ANY ASSOCIATED AMENITIES FOR PERSONS IN NECESSITOUS CIRCUMSTANCES UPON TERMS APPROPRIATE TO THEIR MEANS PROVIDED THAT SUCH POWER SHALL NOT EXTEND TO RELIEVING ANY LOCAL AUTHORITIES OR OTHER BODIES OF A STATUTORY DUTY TO PROVIDE OR IMPROVE HOUSING.

Area of benefit

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

THE SOUTH EAST OF ENGLAND

Contact information

Address:
Parity Trust
Suite 73
1 Port Way
Port Solent
PORTSMOUTH
PO6 4TY
Phone:
02392375921
Email:
mail@paritytrust.org.uk
Website:

www.paritytrust.org.uk Open in new window