MARYGATE HOUSE HOLY ISLAND
Provision of retreat facilities for personal, spiritual, cultural and artistic purposes.Promotion of Peace and Reconciliation.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves totalled £118,835 at year-end, which the Trustees consider sufficient to meet current and future requirements. The charity reports healthy bank balances and a net incoming resource of £19,012 for the year, indicating a stable financial position with no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“It is the policy of the Charitable Company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 5
“The Charitable Company works closely with St. Mary's Church, Holy Island with regard to the sale of publications. At the year end £Nil (2024: £Nil) was due to be paid to the Church for sales.” — page 7
Trustees
- ANDREW EOIN DUFF
- Faith Brennan
- Jonathan Francis Merrison
- Mark Lawrence Wilson
- Rev Gillian Hamer Maude
- Rev Mary Taylor
- Rev Sarah Ann Hills
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £198k | £179k |
| 31/12/2024 | £168k | £166k |
| 31/12/2023 | £58k | £66k |
| 31/12/2022 | £64k | £89k |
| 31/12/2021 | £76k | £76k |
Common questions
Is MARYGATE HOUSE HOLY ISLAND financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves totalled £118,835 at year-end, which the Trustees consider sufficient to meet current and future requirements. The charity reports healthy bank balances and a net incoming resource of £19,012 for the year, indicating a stable financial position with no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were independently examined.