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THE PORTLAND TRUST

Registered charity 1106429 · accounts filings on the Charity Commission register

Latest income
£2.9m
Latest spending
£3.3m
Registered
2004
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity ended the year with unrestricted retained reserves of £1,383,773, which the Trustees consider adequate against their policy target of approximately £350,000. Per the auditors' report, there are no material uncertainties regarding the charity's ability to continue as a going concern, and the balance sheet shows a liquid cash position of £2,395,422.

What the accounts disclose

Reserves policy: three months of regular operational expenditure which equates to approximately £350,000 (held: £1.4m)
“The Trustees consider that generally, free reserves should be sufficient to cover approximately three months of regular operational expenditure which equates to approximately £350,000.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Nicola Cobbold received £9,500 for non-Trustee consultancy work.
“one of the Trustees, Nicola Cobbold receives remuneration for her non-Trustee work on the basis of a consultancy contract. Her total renumeration in 2024 was £9,500 (2023: 11,500).” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donation from Sir R Cohen
“During the year, Sir R Cohen made donations totalling £504,009 (2023: £1,354,050). In the prior year, The Portland Trust received a loan of £350,000 from Sir R Cohen, who is a Trustee of the charity. The loan was interest free and was repaid in full during the year. No loans were received in the current year.” — page 30
“The Lady Judith Solomon Charitable Foundation (formerly Heathside Charitable Trust), of which Sir H Solomon is also a Trustee donated £37,500 (2023: £62,500) to The Portland Trust.” — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donation from The Lady Judith Solomon Charitable Foundation
“During the year, Sir R Cohen made donations totalling £504,009 (2023: £1,354,050). In the prior year, The Portland Trust received a loan of £350,000 from Sir R Cohen, who is a Trustee of the charity. The loan was interest free and was repaid in full during the year. No loans were received in the current year.” — page 30
“The Lady Judith Solomon Charitable Foundation (formerly Heathside Charitable Trust), of which Sir H Solomon is also a Trustee donated £37,500 (2023: £62,500) to The Portland Trust.” — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donation from The Davis Foundation
“During the year, Sir R Cohen made donations totalling £504,009 (2023: £1,354,050). In the prior year, The Portland Trust received a loan of £350,000 from Sir R Cohen, who is a Trustee of the charity. The loan was interest free and was repaid in full during the year. No loans were received in the current year.” — page 30
“The Lady Judith Solomon Charitable Foundation (formerly Heathside Charitable Trust), of which Sir H Solomon is also a Trustee donated £37,500 (2023: £62,500) to The Portland Trust.” — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donation from Yad Hanadiv
“During the year, Sir R Cohen made donations totalling £504,009 (2023: £1,354,050). In the prior year, The Portland Trust received a loan of £350,000 from Sir R Cohen, who is a Trustee of the charity. The loan was interest free and was repaid in full during the year. No loans were received in the current year.” — page 30
“The Lady Judith Solomon Charitable Foundation (formerly Heathside Charitable Trust), of which Sir H Solomon is also a Trustee donated £37,500 (2023: £62,500) to The Portland Trust.” — page 30
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Goldwins Limited.

Corporate structure

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.9m
Total spending
£3.3m
Reserves (reported)
£1.4m
Employees
13

Reported reserves equal ~5.0 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Israel · Occupied Palestinian Territories · Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£2.9m£3.3m
31/12/2023£5.4m£3.5m
31/12/2022£2.6m£3.7m
31/12/2021£2.7m£2.6m
31/12/2020£3.3m£2.5m

Common questions

Is THE PORTLAND TRUST financially healthy?

The accounts state that the charity ended the year with unrestricted retained reserves of £1,383,773, which the Trustees consider adequate against their policy target of approximately £350,000. Per the auditors' report, there are no material uncertainties regarding the charity's ability to continue as a going concern, and the balance sheet shows a liquid cash position of £2,395,422. Its FY2024 accounts were audited by Goldwins Limited.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
BACON FOUNDATION LTD1£60k
SWIRE 27651£15k
MOISHE AND ESTHER ITZINGER FOUNDATION LIMITED1£5k
THE LAUFFER FAMILY CHARITABLE TRUST1£1k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PORTO CHARITABLE TRUST.