Later, under the rule of King Henry VIII of England (1509–1547), when Becket was declared to have been a traitor, the Canterbury part of the name was dropped.

[2] From the 18th century its deterioration made any renovation futile, and funds were raised for a new church on its site.

The new church was built over the years 1854 and 1855 to a design by the architect Samuel Daukes of Cheltenham.

To honour its importance in Island and civic life, but conferring no official status within the Church of England itself, the church was designated as a Minster at Easter 2008 by its diocesan bishop Kenneth Stevenson, Anglican Bishop of Portsmouth.

The original organ was built in 1870 by Forster and Andrews, and replaced by in 1925 by Conacher Sheffield & Co Ltd which was rebuilt itself in 1957 by J.W.