SOUTHWARK CATHEDRAL DEVELOPMENT TRUST CIO
To advance the Christian religion for the public benefit, in particular but not exclusively by assistingin extending developing and maintaining the buildings, fabric, amenities and work of Southwark Cathedral, London Bridge, London, SE1 9DA and for such other charitable purposes (according to the laws of England and Wales) as the charity trustees see fit from time to time.
Financial health, per its FY2024 accounts
The accounts state that an independent examination was completed for the year ended 31 December 2024. The examiner confirmed that accounting records were kept and financial statements accorded with those records. No matters were identified that would cause concern regarding the understanding of the financial statements.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Jennifer Anne Page CBE
- PHILIP STURROCK
- Rev Lotwina Farodoye
- Richard Cornwell
- The Venerable Jonathan Sedgwick
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £757k | £77k |
| 31/12/2023 | £0 | £60 |
| 31/12/2022 | £0 | £0 |
Common questions
Is SOUTHWARK CATHEDRAL DEVELOPMENT TRUST CIO financially healthy?
Per its FY2024 accounts: The accounts state that an independent examination was completed for the year ended 31 December 2024. The examiner confirmed that accounting records were kept and financial statements accorded with those records. No matters were identified that would cause concern regarding the understanding of the financial statements. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WESTHILL ENDOWMENT | 2 | £9k |
| THE SOLA TRUST | 1 | £92k |
| THE SOUTH LONDON CHURCH FUND AND SOUTHWARK DIOCESAN BOARD OF FINANCE | 1 | £64k |
| THE HEADLEY TRUST | 1 | £30k |
| CATHEDRAL MUSIC TRUST | 1 | £18k |
| GOSPEL PARTNERS TRUST | 1 | £16k |
| THE PILLING TRUST FUND | 1 | £6k |
| COMMUNITY OF THE HOLY CROSS | 1 | £4k |
Charities like this
- THE CATHEDRAL AND COLLEGIATE CHURCH OF SAINT SAVIOUR AND SAINT MARY OVERIE, SOUTHWARK
- SOUTHWELL CATHEDRAL
- SOUTHWARK CHARITIES
- SOUTH LONDON ALLIANCE CHURCH
- CHARTERHOUSE-IN-SOUTHWARK
- ROMAN CATHOLIC ARCHDIOCESE OF SOUTHWARK
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SOUTHWARK CATHEDRAL DEVELOPMENT TRUST CIO | £757k | — | — | unclear | — | no doubt |
| THE CATHEDRAL AND COLLEGIATE CHURCH OF SAINT SAVIOUR AND SAINT MARY OVERIE, SOUTHWARK | £3.3m | unclear | 0 | unclear | — | no doubt |
| SOUTHWELL CATHEDRAL | £1.6m | — | 0 | unclear | — | material uncertainty |
| SOUTHWARK CHARITIES | £2.0m | £120,001 - £130,000 | 1 | below | — | no doubt |
| SOUTH LONDON ALLIANCE CHURCH | £361k | — | 0 | unclear | — | no doubt |
| CHARTERHOUSE-IN-SOUTHWARK | £194k | — | 0 | unclear | — | no doubt |