ISLE OF WIGHT CHRISTIAN FELLOWSHIP
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves totalled £525,573 at the year end, providing a buffer above the immediate financial obligations. The charity reported a net surplus of £8,496 for the period, with trustees confirming that future income is expected to cover future expenditure commitments. The organization maintains a mortgage liability of £84,058 but considers its financial affairs to be satisfactory.
What the accounts disclose
“It is not the intention of thetrustees to build up general (unrestricted) reserves beyond a point that secures the charity's ability to meet its financial obligations including securing the ability to respond to identified risks.” — page 3
Register events
- Received assets from another charity (11/04/2016)
Trustees
- Hugh Wellschair
- Claire Henretty
- John Christian Beasley
- Peter Jonathan Rudd
- Sarah Brown
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £208k | £184k |
| 31/03/2024 | £170k | £162k |
| 31/03/2023 | £175k | £144k |
| 31/03/2022 | £123k | £115k |
| 31/03/2021 | £127k | £99k |
Common questions
Is ISLE OF WIGHT CHRISTIAN FELLOWSHIP financially healthy?
The accounts state that unrestricted reserves totalled £525,573 at the year end, providing a buffer above the immediate financial obligations. The charity reported a net surplus of £8,496 for the period, with trustees confirming that future income is expected to cover future expenditure commitments. The organization maintains a mortgage liability of £84,058 but considers its financial affairs to be satisfactory. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SOLA TRUST | 1 | £27k |
| CHURCH BURGESSES TRUST | 1 | £15k |