THE ISLAND COLLECTION
The Island Collection's purpose is to establish the Isle of Wight as a significant cultural destination by -Strengthening and underpinning the Island's cultural sectorProviding an expert strategic voice that represents the Island's cultural organisations, and,Working with place making agencies to enhance the Island's cultural environment for living, working and visiting.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net surplus of £79,342 for the year ended 31 March 2025, with total unrestricted funds increasing to £118,289. The trustees report that the charity had sufficient funds to carry out its objectives and maintain a reserves policy target of six months of unrestricted expenditure. The financial position is described as having adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The Trustees have reviewed the reserves policy and believe that the Charity should aim to hold 6 months of unrestricted expenditure.” — page 6
Trustees
- Simon Harrisonchair
- Charity Garnett
- Dr Lesley Victoria von Schulthess Rechberg Preston-Standing
- Dr Rachel Tait
- Ella Clapham
- Franko Figueiredo-Stow
- Jack Whitwood
- Jacqueline Anne Gazzard
- Nia Collins
- Sarah Elizabeth Chatwin
- Steven John Anderson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £240k | £155k |
| 31/03/2024 | £240k | £155k |
| 31/03/2023 | £63k | £125k |
| 31/03/2022 | £74k | £8k |
| 31/03/2021 | £8k | £3k |
Common questions
Is THE ISLAND COLLECTION financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net surplus of £79,342 for the year ended 31 March 2025, with total unrestricted funds increasing to £118,289. The trustees report that the charity had sufficient funds to carry out its objectives and maintain a reserves policy target of six months of unrestricted expenditure. The financial position is described as having adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 13/01/2025 | £10k | Investment Funds |
| UK government | 10/12/2024 | £8k | Investment Funds |
| UK government | 14/11/2024 | £13k | Investment Funds |
| UK government | 30/01/2024 | £48k | Investment funds |
| UK government | 21/09/2023 | £25k | Investment funds |
| UK government | 13/10/2022 | £175k | National Portfolio Organisations |
| UK government | 13/10/2022 | £175k | National Portfolio Organisations |