THE PARISH CHURCH OF ST MICHAEL THE ARCHANGEL SHALFLEET ISLE OF WIGHT FABRIC RESTORATION TRUST
The Trust raises funds by way of grants, donations and events in order to maintain the fabric of the parish Church of St Michael the Archangel and its churchyard. It is a Grade 1 listed building.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £617 for the year ended 31 December 2024, with total funds carried forward of £309,241. Per the trustees' report, the majority of these funds are held in a restricted accumulation fund with a protected capital value of £247,919.11, leaving £41,169.13 available for funding repairs under the terms of their financial policy.
What the accounts disclose
“The protected capital value of the fund is £247,919.11, leaving £41,169.13 available for funding repairs under the terms of our financial policy.”
Trustees
- NICHOLAS OULTON DLchair
- CHLOE HELEN MEREDITH SUTHERLAND
- Henry Blacksell
- Rev Jackie Maw
- Rhoderick Peter Powell
- Stephen John Holden
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £32k | £28k |
| 31/12/2023 | £228k | £201k |
| 31/12/2022 | £12k | £39k |
| 31/12/2021 | £68k | £60k |
| 31/12/2020 | £40k | £48k |
Common questions
Is THE PARISH CHURCH OF ST MICHAEL THE ARCHANGEL SHALFLEET ISLE OF WIGHT FABRIC RESTORATION TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £617 for the year ended 31 December 2024, with total funds carried forward of £309,241. Per the trustees' report, the majority of these funds are held in a restricted accumulation fund with a protected capital value of £247,919.11, leaving £41,169.13 available for funding repairs under the terms of their financial policy. Its FY2024 accounts were independently examined.