## Churchlands Portchester
## Charity No. 1181844
## Annual Report for 2023
Church Lands Portchester was set up in the past (the earliest date found in the rather inadequate archive is 1809 when an enclosure award (PR VOL: 16 p.305) was recorded. The parcel of land was awarded to the Church Wardens and income from it would be paid to St. Mary’s Church, Portchester “in aid of the Church rates”. The asset became a parcel of land (approximately 2.4 acres), which was rendering no income at all for some years. In order to recWfy this situaWon and to generate funds to meet the trust objecWve, the land has been sold and the proceeds of this sale have been invested.
Expenditure remains £7.00 per calendar month, for the bank service charges.
The trustees have had review meeWngs with both Financial Advisors in order to monitor and discuss changes to the investment accounts.
Discussions have also taken place regarding the aims of the Trust. It was thought that the descripWon of “To support the Church and Parish of St. Mary’s, Portchester” was too broad. The decision was taken to alter the aim to be “For the Maintenance of St Marys Church Portchester.
The Trustees:
Keith Phillips stepped down as Trustee and Charity Commission contact.
As at 31st December2023 the Trustees are: Stephen Traer Trustee and Charity Commission contact. Janet Shephard, Andrew Rafferty, Denise Simmons, Eric Standen and Sally Young.
The Trust Assets:
The Trust has financial assets. There are no buildings or land owned by the Trust.
Finances:
The Trust conWnues to bank with Lloyds, using the same contacts:
|Sort Code: 30 90 89
A/c number:
41320768||
|---|---|
||Balance|
|Balance brought forward from Dec. ’22.|**£ 2370.53**|
|Bank charges from 1st Jan’22 to 31st Dec’23 Total|**£ 84.00**|
|**Cash at Bank**|**£2286.53**|
|**Balance at 31st December 2023**
|**£2286.53**|
## **The Trust also has two investment porColios**
|St James’ Place|**£298,000.00**|
|---|---|
|Quilter|**£298,000.00**|
The Future:
With the income received from the investments we will discuss with the Parochial Church Council appropriate ways of financing maintenance of the church.
## _Stephen Traer_
Stephen Traer
Trustee, Church lands, Portchester.
||**Charity Name**|**Charity Name**|**Charity Name**|**Charity Name**|**Charity Name**|**No(if any)**|**No(if any)**|**CC16a**|
|---|---|---|---|---|---|---|---|---|
||**Church Lands Portchester. 1181844**|||||1181844|||
||**Receipts andpayments accounts**||||||||
||**For the period**
**from**||Period start date||**To**|Period end date|||
||||1-1-23||||31-12-23||
||||||||||
|**Section A Receipts and payments**|||||||||
||**Unrestricted**
**funds**||**Restricted funds**||**Endowment**
**funds**||**Total funds**|**Last year**|
||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest**
**£**|**to the nearest**
**£**|
|**A1 Receipts**|||||||||
||**- 0**||**-**||**-**||**-**||
||**- 0**||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**|
**-**|
|**_Sub total_**_(Gross income for AR) _|
**- 0**||**-**||**-**||**-**|**-**|
||||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||||
||**- 0**||**- 0**||**- 0**||**-**||
||**- 0**||**- 0**||**- 0**||**-**|
**- 0**|
|**_Sub total_**|
**- 0**||**- 0**||**- 0**||**-**|**- 0**|
||||||||||
|**_Total receipts_ **|
**- 0**||**- 0**||**- 0**||**-**|**- 0**|
||||||||||
|**A3 Payments**|||||||||
|Bank Charges|**84**||**-**||**-**||**84**|
**86**|
||||**-**||**-**||**-**|
**-**|
||||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**|
**-**|
||**- 0**||**-**||**-**||**-**||
|**_Sub total_ **|
**84**||**-**||**-**||**84**|**86**|
||||||||||
|**A4 Asset and investment**
**purchases,(see table)**|||||||||
|St James’ Place|||**- 0**||**- 0**||**-**||
|Quilter|||**- 0**||**- 0**||**-**||
|**_Sub total_ **|
**- 0**||**- 0**||**- 0**||**-**|**- 0**|
||||||||||
|**_Totalpayments_**|||**- 0**||**- 0**||**-**||
||||||||||
|**_Net of receipts/(payments)_ **|
**- 0**||**-**||**-**||**-**|
**-**|
|**A5 Transfers between funds**|||**-**||**-**||**-**|**-**|
|**A6 Cash funds lastyear end**|||**-**||**-**||**-**|
**2,369**|
|**_Cash funds thisyear end_ **|
**- 0**||**-**||**-**||**-**||
||||||||||
||||||||||
|**Section B Statement of assets and liabilities at the end of the period**|||||||||
|**Categories**|**Details**||||**Unrestricted**
**funds**||**Restricted**
**funds**|**Endowmen**
**t funds**|
||||||**to nearest £**||**to nearest £**|**to nearest £**|
|**B1 Cash funds**|Bank Balance||||**2,286**||**-**|
**-**|
CCXX R1 accounts (SS)
25/10/2023
1
||||||**-**||**-**|
**-**|
|---|---|---|---|---|---|---|---|---|
||||||**-**||**-**|
**-**|
||**_Total cash funds_**||||**2,286**||**-**|
**-**|
||(agree balances with receipts and payments
account(s))||||Agreement Error||OK|OK|
||||||**Unrestricted**
**funds**||**Restricted**
**funds**|**Endowmen**
**t funds**|
||**Details**||||**to nearest £**||**to nearest £**|**to nearest £**|
|**B2 Other monetary assets**|||||**-**||**-**|
**-**|
||||||**-**||**-**|
**-**|
||||||**-**||**-**|
**-**|
||||||**-**||**-**|
**-**|
||||||**-**||**-**|
**-**|
||||||**-**||**-**|
**-**|
||||||||||
||**Details**||||**Fund to which asset**
**belongs**||**Cost (optional) **|**Current value**
**(optional)**|
|**B3 Investment assets**|||||||**-**|
**-**|
||St James’ Place||||298000||**-**|
**-**|
||Quilter||||298000||**-**|
**-**|
||||||||**-**|
**-**|
||||||||**-**|
**-**|
||||||||||
||**Details**||||**Fund to which asset**
**belongs**||**Cost (optional) **|**Current value**
**(optional)**|
|**B4 Assets retained for the**
**charity’s own use**|||||||**-**|
**-**|
||||||||**-**|
**-**|
||||||||**-**|
**-**|
||||||||**-**|
**-**|
||||||||**-**|
**-**|
||||||||**-**|
**-**|
||||||||**-**|
**-**|
||||||||**-**|
**-**|
||||||||**-**|
**-**|
||||||||||
||**Details**||||**Fund to which**
**liability relates**||**Amount due**
**(optional)**|**When due**
**(optional)**|
|**B5 Liabilities**|||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||||
|Signed by one or two trustees on behalf
of all the trustees|Signature||||Print Name|||Date of
approval|
||_S J Traer_||||STEPHEN TRAER|||23 08 2024|
||||||||||
CCXX R2 accounts (SS)
25/10/2023
2