THE SODOR AND MAN DIOCESAN ASSOCIATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves are £100, with the Trustees considering no reserves are necessary as day-to-day costs are met by the Diocesan Board of Finance. The charity reports a net asset position of £100, supported by significant investment assets offset by substantial loan liabilities to related parties. The Trustees confirm resources are appropriate for the charity's activities and have prepared the accounts on a going concern basis.
What the accounts disclose
“At the year end, the outstanding loan balances (after market value adjustment - note 6) in respect of these transactions was £3,437,361 (2023 - £3,779,650).”
“Grants have also been paid from Samanda to the Sodor and Man Diocesan Board of Finance in respect of investment income received.”
“At the year end, the outstanding loan balances (after market value adjustment - note 6) in respect of these transactions was £3,437,361 (2023 - £3,779,650).”
“Grants have also been paid from Samanda to the Sodor and Man Diocesan Board of Finance in respect of investment income received.”
Trustees
- JULIAN RODERICK POWER
- James Noakes
- Rev Irene Cowell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £108k | £108k |
| 31/12/2023 | £111k | £111k |
| 31/12/2022 | £110k | £110k |
| 31/12/2021 | £82k | £82k |
| 31/12/2020 | £85k | £85k |
Common questions
Is THE SODOR AND MAN DIOCESAN ASSOCIATION financially healthy?
The accounts state that unrestricted reserves are £100, with the Trustees considering no reserves are necessary as day-to-day costs are met by the Diocesan Board of Finance. The charity reports a net asset position of £100, supported by significant investment assets offset by substantial loan liabilities to related parties. The Trustees confirm resources are appropriate for the charity's activities and have prepared the accounts on a going concern basis. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHARITY OF SIR RICHARD WHITTINGTON | 2 | £57k |
| SISTERS OF MERCY SUNDERLAND | 1 | £55k |
| SIR JOHN PRIESTMAN CHARITY TRUST | 1 | £36k |
| CATHOLIC TRUST FOR ENGLAND AND WALES | 1 | £5k |
| CBRE UK CHARITABLE TRUST | 1 | £750 |