Finance Score: -2

Governance Score: 1

Support Score: 2

Multiple Deficits: -2
No PartB

Narrow trustee age band: -2
Gender balanced board: +3

Grant maker support: +2

Overall GiG Score: 1

PORTSMOUTH AREA REGENERATION TRUST

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.

Analysis by Giving is Great

Positives:

Spending has increased over the last 3 years relative to the previous period
A significant proportion of recent income was derived from major grant makers and there are significant future grants due to be received

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
The Board has little diversity in terms of age
Over half the Board have joined recently

Financial issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data
On several occasions in recent years income has been less than spending

Established: 24 years

www.paritytrust.org.uk

mail@paritytrust.org.uk

02392375921

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/03/23		£18	£36	£-19	n/a	n/a	n/a	n/a	n/a
31/03/22	*	£16	£10	£6	n/a	n/a	n/a	n/a	n/a
31/03/21		£14	£20	£-7	n/a	n/a	n/a	n/a	n/a
31/03/20		£15	£17	£-2	n/a	n/a	n/a	n/a	n/a
31/03/19		£15	£20	£-5	n/a	n/a	n/a	n/a	n/a
31/03/18		£13	£15	£-2	£0	£0	£0	n/a	0
31/03/17		£29	£10	£18	£0	£0	£0	n/a	0
31/03/16		£126	£44	£82	£0	£0	£0	n/a	0
31/03/15		£90	£61	£28	£0	£0	£0	n/a	0
31/03/14		£63	£73	£-10	£0	£0	£0	n/a	0
31/03/13		£32	£59	£-26	£0	£0	£0	n/a	0
31/03/12		£84	£108	£-23	£0	£0	£0	n/a	0
31/03/11		£99	£180	£-81	£0	£0	£0	n/a	0
31/03/10		£86	£179	£-93	£0	£0	£0	n/a	0
31/03/09		£216	£0	£216	£0	£0	£0	NAN	0
31/03/08		£387	£195	£192	£0	£0	£0	n/a	0
31/03/07	*	£397	£229	£168	£0	£0	£0	n/a	0
31/03/06		£454	£410	£44	£0	£0	£0	n/a	0
31/03/05		£348	£329	£20	£0	£0	£0	n/a	0
31/03/04	*	£295	£256	£39	£0	£0	£0	n/a	0

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Highest pay bracket: less than £60,000

Listed activities

Accommodation/Housing
Economic/Community Development/Employment
Environment/Conservation/Heritage
The Prevention Or Relief Of Poverty

How it operates

Provides advocacy/advice/information
Provides other finance

Where it operates

Throughout England,

Who it helps

Elderly/Old People
Other Charities Or Voluntary Bodies
Other Defined Groups

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Esmee Fairbairn - Social investment Parity Trust
£100,000	09/04/2019 84	Follow-on investment.
Environmental Finance - Income and financial inclusion
£100,000	31/12/2015	Vulnerable older people including those with dementia
Esmee Fairbairn - Social investment Parity Trust
£100,000	12/03/2015 84	An investment in Parity Trust to enable it to grow its home improvement loan product.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

Age Range of Trustees: 59-62

SIMON ANDREW FROST Appointed: 2024, Occupation: Consultant

SANDRA DALBY-HOPKINS Appointed: 2022, Occupation: Non-Executive Director

JAMES ROBERT CULVERWELL (Chair) Appointed: 2017, Occupation: Surveying Consultant

Legal constitution

Charitable company registered in England & Wales on 18/02/2000, number: 1079454
Registered at Companies House on 24/06/1999, number: 03794640

Gift Aid

NOT registered with HMRC for Gift Aid

Other Regulators

Financial Conduct Authority

Policies in force

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
Investing charity funds policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR22: 6 days late, AR07: 74 days late, AR04: 1 days late,

Main office

Parity Trust
Suite 73
1 Port Way
Port Solent
PORTSMOUTH
PO6 4TY

Objectives

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 POVERTYB) THE RELIEF OF UNEMPLOYMENTC) 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 BUSINESSESE)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.

Defined Area of Benefit:

THE SOUTH EAST OF ENGLAND

Data Sources