Churchlands Portchester Charity No. 1181844 Annual Report for 2024
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 rectify this situation and to generate funds to meet the trust objective, the land has been sold and the proceeds of this sale have been invested with two financial advice companies.
Expenditure remains £7.00 per calendar month, for the bank service charges, however, during 2024 the bank changed the account to a Treasurers Account and as long as the account balance remains below £50,000 no bank charges will be incurred.
The trustees have had review meetings with both Financial Advisors in order to monitor and discuss changes to the investment accounts. During 2024 considerable damage was detected to the west wall of St Marys Church and the trustees moved £30,000 into a short term money account and this amount will be transferred to the church when the work to repair the west wall has been completed.
Regrettably one of the original trustees of the CIO, Janet Shephard, died in November 2025.
The aim of the Trust was changed with the Charity Commission and now reads “For the Maintenance of St Marys Church Portchester.”
The Trustees:
As at 31st December 2024 the Trustees are: Stephen Traer Trustee and Charity Commission contact.
Janet Shephard (up to November 2024), 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 continues to bank with Lloyds, using the same contacts: Sort Code: 30 90 89 A/c number: 41320768
Balance brought forward from Dec. ’23. £2286 Bank charges from 1st Jan’23 to 31st Dec’24 Total £42 Refund from bank £74
Cash at Bank £2318
Balance at 31st December 2024 £2318.
The Trust also has two investment portfolios St James’ Place £298,000.00 Quilter £298,000.00
The Future:
With the income received from the investments trustees will continue to liase with the Parochial Church Council regarding 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 | |||||
| 01/01/2024 | 31/12/2024 | |||||||
| 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 | ||||||||
| Bank refund | 74 | - | - | 74 | ||||
| - 0 | - | - | - | - |
||||
| - 0 | - | - | - | - |
||||
| - 0 | - | - | - | - |
||||
| - 0 | - | - | - | - |
||||
| - 0 | - | - | - | - |
||||
| - 0 | - | - | - | - |
||||
| - 0 | - | - | - | - |
||||
| Sub total_(Gross income for AR) _ | 74 |
- | - | 74 | - | |||
| A2 Asset and investment sales, (see table). |
||||||||
| - 0 | - 0 | - 0 | - | |||||
| - 0 | - 0 | - 0 | - | - 0 |
||||
| Sub total | - 0 |
- 0 | - 0 | - | - 0 | |||
| **Total receipts ** | 74 |
- 0 | - 0 | 74 | - 0 | |||
| A3 Payments | ||||||||
| Bank Charges | 42 | - | - | 42 | ||||
| - | - | - | - |
|||||
| - | - | - | - |
|||||
| - 0 | - | - | - | - |
||||
| - 0 | - | - | - | - |
||||
| - 0 | - | - | - | - |
||||
| - 0 | - | - | - | - |
||||
| - 0 | - | - | - | - |
||||
| - 0 | - | - | - | |||||
| **Sub total ** | 42 |
- | - | 42 | - | |||
| A4 Asset and investment purchases,(see table) |
||||||||
| - 0 | - 0 | - | ||||||
| - 0 | - 0 | - | ||||||
| **Sub total ** | - 0 |
- 0 | - 0 | - 0 | ||||
| Totalpayments | - 0 | - 0 | - | |||||
| **Net of receipts/(payments) ** | 74 |
- | - | 74 | - |
|||
| A5 Transfers between funds | - | - | - | - | ||||
| A6 Cash funds lastyear end | - | - | - | 2,286 |
||||
| **Cash funds thisyear end ** | 74 |
- | - | 74 | ||||
| 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 | 2,318 | - | - |
CCXX R1 accounts (SS)
25/10/2023
1
| - | - | - |
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|---|---|---|---|---|---|---|---|---|
| - | - | - |
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| Total cash funds | 2,318 | - | - |
|||||
| (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 | - | - | - |
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| - | - | - |
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| - | - | - |
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| - | - | - |
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| - | - | - |
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| - | - | - |
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| Details | Fund to which asset belongs |
**Cost (optional) ** | Current value (optional) |
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| B3 Investment assets | - | - |
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| St James’ Place | 298000 | - | - |
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| Quilter | 298000 | - | - |
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| - | - |
|||||||
| - | - |
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| Details | Fund to which asset belongs |
**Cost (optional) ** | Current value (optional) |
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| B4 Assets retained for the charity’s own use |
- | - |
||||||
| - | - |
|||||||
| - | - |
|||||||
| - | - |
|||||||
| - | - |
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| - | - |
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| - | - |
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| - | - |
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| - | - |
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| Details | Fund to which liability relates |
Amount due (optional) |
When due (optional) |
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| 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 | 10 06 25 | ||||||
CCXX R2 accounts (SS)
25/10/2023
2