Finance Score: -3

Governance Score: 0

Support Score: 0

Excess reserves: -2
Pension deficit: -1

No supporters identified

Overall GiG Score: -3

THE PORTAL TRUST

Grants for education to financially disadvantaged young people under 25 years resident in London. Provision of scholarships and bursaries to individuals, and grants to education projects and activities run by schools and organisations.

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates most of its income

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £14,590,014 available, equivalent to 27 months of spending and so may not be able to utilise additional funding
There is a pension deficit of £178,000

Established: 59 years

portaltrust.org

hello@portaltrust.org

02074805884

Charity Commission for England and Wales

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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	Volun- teers
31/03/23	£7,636	£6,482	£1,154	£211	£269,043	£14,590	27	9	0
31/03/22	£7,954	£9,911	£-1,957	£273	£264,590	£14,083	17.1	8	4
31/03/21	£7,939	£6,067	£1,872	£170	£263,986	£15,887	31.4	8	4
31/03/20	£7,260	£5,632	£1,628	£172	£179,870	£12,990	27.7	8	0
31/03/19	£7,586	£5,452	£2,134	£146	£179,586	£11,788	25.9	9	0
31/03/18	£7,241	£5,322	£1,919	£200	£176,388	£9,648	21.8	8	0
31/03/17	£6,848	£5,206	£1,642	£521	£153,305	£7,567	17.4	8	0
31/03/16	£5,510	£7,810	£-2,300	£409	£147,618	£5,905	9.1	7	0
31/03/15	£6,200	£5,256	£944	£335	£133,189	£7,662	17.5	6	0
31/03/14	£6,171	£5,648	£523	£267	£129,356	£6,798	14.4	7	0
31/03/13	£6,124	£5,377	£747	£262	£126,811	£6,155	13.7	7	0
31/03/12	£5,979	£5,565	£415	£242	£119,388	£5,379	11.6	7	0
31/03/11	£5,850	£4,870	£980	£176	£104,546	£5,088	12.5	5	0
31/03/10	£1,713	£860	£853	£177	£79,214	£4,101	57.2	5	0
31/03/09	£1,935	£1,166	£770	£92	£69,581	£3,136	32.3	5	0
31/03/08	£2,163	£3,865	£-1,702	£213	£49,796	£2,953	9.2	7	0
31/03/07	£2,056	£2,184	£-127	£151	£60,753	£4,774	26.2	8	0
31/03/06	£2,072	£2,497	£-425	£0	£0	£0	n/a	0	0
31/03/05	£2,080	£3,098	£-1,018	£0	£0	£0	n/a	0	0
31/03/04	£2,066	£2,736	£-670	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 1%
Liabilities/Income: 32%
Unrestricted Funds/Total Funds: 5%
Reserves/Spending: 27 months
Net Current Assets/Spending: 12 months
Quick Ratio: 2.6

Asset Split ?

Listed activities

Education/Training

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides buildings/facilities/open space

Where it operates

Throughout London,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies

Who works here?

9 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (11)

Current Trustees appointed

Gender Split

Based on 9/11 persons

DAVID HOGBEN Appointed: 2008

DENISE JONES Appointed: 2018, Other trusteeships: THE ALDGATE AND ALLHALLOWS FOUNDATION, TRINITY BUOY WHARF TRUST, RICH MIX CULTURAL FOUNDATION,

FANCY SINANTHA Appointed: 2022

HIS HONOUR BRIAN BARKER CBE QC Appointed: 2003, Other trusteeship: PETT LEVEL INDEPENDENT RESCUE BOAT ASSN.,

HELEN FOLORUNSO Appointed: 2019

JENNIFER MARY MOSELEY Appointed: 2011

RATIDZO AGNES STARKEY Appointed: 2021

REV LAURA JANE JORGENSEN Appointed: 2009, Other trusteeships: THE CITY CHAPTER AND PERCY TRENTHAM CHARITY, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BOTOLPH-WITHOUT-ALDGATE, LONDON,

REV TREVOR FRANCIS CRITCHLOW Appointed: 2011, Other trusteeships: CHARITY OF MARY BASTOW, THE ST DUNSTAN'S AND ALL SAINTS STEPNEY PRESERVATION TRUST, SAMUEL BUTLER'S EDUCATIONAL FOUNDATION, THE COOPERS' COMPANY AND COBORN EDUCATIONAL FOUNDATION, THE RATCLIFF EDUCATIONAL FOUNDATION, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST DUNSTAN AND ALL SAINTS, STEPNEY,

SOPHIE ANNE FERNANDES (Chair) Appointed: 2012, Other trusteeship: THE ULYSSES TRUST,

SARWAR ZAMAN Appointed: 2021

Legal constitution

Charity registered in England & Wales on 03/02/1965, number: 312425

Gift Aid

Registered with HMRC for Gift Aid

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
Investment
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; all on time

Main office

The Portal Trust
31 JEWRY STREET
LONDON
EC3N 2EY

Objectives

THE ESTABLISHMENT AND MAINTENANCE OF THE SCHOOLS OF THE FOUNDATION KNOWN AS THE SIR JOHN CASS'S FOUNDATION PRIMARY SCHOOL AND THE SIR JOHN CASS'S FOUNDATION AND RED COAT CHURCH OF ENGLAND SECONDARY SCHOOL. ASSISTANCE TO VOLUNTARY CHURCH OF ENGLAND SCHOOLS AND THE CITY OF LONDON POLYTECHNIC TO APPLY RESIDUE OF THE NET YEARLY INCOME OF THE FOUNDATION IN ONE OR MORE OF THE FOLLOWING WAYS:- (A) IN AWARDING TO BENEFICIARIES EXHIBITIONS, SCHOLARSHIPS, BURSARIES OR MAINTENANCE ALLOWANCES TENABLE AT ANY SCHOOL, COLLEGE OF EDUCATION, UNIVERSITY, OR OTHER PLACE OF LEARNING APPROVED BY THE GOVERNORS; (B) IN PROVIDING FINANCIAL ASSISTANCE TO ANY CHURCH OF ENGLAND VOLUNTARY ORGANISATION IN THE INNER LONDON EDUCATION AREA HAVING CHARITABLE OBJECTS DIRECTED TO EDUCATING OR IMPROVING THE CONDITION OF LIFE OF BENEFICIARIES BY DEVELOPING THEIR PHYSICAL, MENTAL OR MORAL CAPACITIES THROUGH LEISURE-TIME ACTIVITIES. (C) IN AWARDING SCHOLARSHIPS OR MAINTENANCE ALLOWANCE TO ENABLE BENEFICIARIES TO TRAVEL ABROAD TO PURSUE THEIR EDUCATION. (D) IN OTHERWISE PROMOTING THE EDUCATION OF BENEFICIARIES.

Defined Area of Benefit:

LONDON BOROUGHS:- CITY OF LDN, ROYAL LDN BOR. OF K'TON AND CHELSEA, LDN BORS.OF CAMDEN,G'WICH,HACKNEY,H'SMITH AND FULHAM, IS'TON,LAMBETH,LEWISHAM,NEWHAM,S'WARK,T-HLETS

Data Sources