Portsmouth Area Regeneration Trust

Registered charity 1079454 · accounts filings on the Charity Commission register · also known as PARITY TRUST, PART, Parity Trust, SOUTH COAST MONEY LINE

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.

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 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.

Area of benefit: THE SOUTH EAST OF ENGLAND

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: The Prevention Or Relief Of Poverty · Accommodation/housing · Environment/conservation/heritage · Economic/community Development/employment · website · Get email alerts

Financial health, per its FY2026 accounts

The accounts state that unrestricted funds decreased from £494,816 to £474,143, resulting in a net expenditure of £20,673 for the year. The trustees maintain that reserves are adequate to continue operations, noting a policy to hold three to six months' expenditure, and confirm the charity is a going concern. Total net assets stood at £474,143, with significant assets held in loans due from group undertakings.

Automated summary of the FY2026 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

In its annual return the charity told the Commission it is also regulated by: Financial Conduct Authority. This is the charity’s own declaration; it is not a rating and has not been verified by the Commission or by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

• 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
• Social media policy and procedures
• Trustee conflicts of interest policy and procedures
• Trustee expenses policy and procedures

Trustees · trustee networks

• James Robert Culverwellchair
• Jonathan Edward McQuiston
• SIMON ANDREW FROST
• Sandra Dalby-Hopkins

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England

Income and spending

Common questions