ST PAUL'S CATHEDRAL
St Paul's Cathedral is the Anglican Cathedral Church of the Diocese of London offering daily worship, and a focus for spirituality, prayer, learning and outreach. It is the seat of the Bishop of London and the mother church of the Diocese. The Cathedral is also a historical monument, built by Sir Christopher Wren to the glory of God, which welcomes hundreds of thousands of visitors every year.
Financial health, per its FY2024 accounts
The accounts state that the Cathedral exceeded its financial target, generating a surplus on unrestricted funds of £4.2m and increasing total net assets to £58.3m. Per the trustees' report, free reserves of £16.3m are within the established target range of £15.0m to £18.4m, representing 12 months of operating expenditure. The trustees confirm there is no material uncertainty regarding the ability to continue as a going concern through December 2026.
What the accounts disclose
“£120,001 - £130,000 1”
“Our operating costs are largely funded by income streams from these paying visitors, and this makes up over 65% of the Cathedral’s total income.”
“Income of £1,590,188 (2023: £1,495,452) was received by St Paul’s Cathedral from St Paul’s Cathedral Enterprises Limited, being a distribution of 100% of the profit for the year.” — page 46
“Tuition and music fees of £596,693 (2023: £482,504) were paid by the Cathedral to St Paul’s Cathedral Choir School (“School”) to fund the education of the boy and girl choristers.” — page 46
“Income of £1,590,188 (2023: £1,495,452) was received by St Paul’s Cathedral from St Paul’s Cathedral Enterprises Limited, being a distribution of 100% of the profit for the year.” — page 46
“Tuition and music fees of £596,693 (2023: £482,504) were paid by the Cathedral to St Paul’s Cathedral Choir School (“School”) to fund the education of the boy and girl choristers.” — page 46
“Income of £1,590,188 (2023: £1,495,452) was received by St Paul’s Cathedral from St Paul’s Cathedral Enterprises Limited, being a distribution of 100% of the profit for the year.” — page 46
“Tuition and music fees of £596,693 (2023: £482,504) were paid by the Cathedral to St Paul’s Cathedral Choir School (“School”) to fund the education of the boy and girl choristers.” — page 46
“Income of £1,590,188 (2023: £1,495,452) was received by St Paul’s Cathedral from St Paul’s Cathedral Enterprises Limited, being a distribution of 100% of the profit for the year.” — page 46
“Tuition and music fees of £596,693 (2023: £482,504) were paid by the Cathedral to St Paul’s Cathedral Choir School (“School”) to fund the education of the boy and girl choristers.” — page 46
“Our commercial activities are operated through our trading subsidiary, St Paul’s Cathedral Enterprises Limited”
Corporate structure
- Trading subsidiary: ST. PAUL'S CATHEDRAL ENTERPRISES LIMITED Companies House 03313320
- Turnover: £3.4m
- Profit before tax: £1.6m
- Donated/gift-aided to the charity: £1.6m
- Note 9 discloses £596,615 owed to St Paul's Cathedral (parent charity) as a creditor.
“The whole of any taxable profit generated from these activities is paid annually. under a deed of covenant executed on 9 December 1997, to St Paul’s Cathedral.”
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (10/07/2025)
Trustees
- The Very Revd Andrew Tremlettchair
- Alison Jane Gowman
- Clement Hutton-Mills
- Dr Paula Gooder
- Gillian Bowen
- Mervyn Stuart McCullagh
- Morag Ellis KC
- Peter Michael Aiers OBE
- Rev Catherine Okoronkwo
- Rev Philip Charles Banks
- SHEILA ANNE NICOLL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £25.8m | £21.7m |
Common questions
Is ST PAUL'S CATHEDRAL financially healthy?
Per its FY2024 accounts: The accounts state that the Cathedral exceeded its financial target, generating a surplus on unrestricted funds of £4.2m and increasing total net assets to £58.3m. Per the trustees' report, free reserves of £16.3m are within the established target range of £15.0m to £18.4m, representing 12 months of operating expenditure. The trustees confirm there is no material uncertainty regarding the ability to continue as a going concern through December 2026. Its FY2024 accounts were audited by HaysMac LLP.
What does the highest-paid employee of ST PAUL'S CATHEDRAL earn?
Per its FY2024 accounts, the highest-paid employee was in the £120,001 - £130,000 band.
Who funds ST PAUL'S CATHEDRAL?
Funders whose own accounts filings name ST PAUL'S CATHEDRAL as a grant recipient include GARFIELD WESTON FOUNDATION, THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL, The Goldsmiths' Foundation, THE COSTA FAMILY CHARITABLE TRUST, FRIENDS OF ST PAULS.
Shared trustees with funders
- Rev Philip Charles Banks — trustee here and at THE ST PAUL'S CATHEDRAL CHORISTER TRUST
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| GARFIELD WESTON FOUNDATION | FY2024 | £500k | Education |
| THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL | FY2025 | £340k | Annual grant to support St. Paul's Cathedral |
| THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL | FY2024 | £339k | general purposes |
| THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL | FY2023 | £321k | Annual grant to support St. Paul's Cathedral |
| THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL | FY2025 | £299k | Transfer of Bill Miller fund |
| THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL | FY2022 | £294k | Annual grant to support St. Paul's Cathedral / general purposes |
| The Goldsmiths' Foundation | FY2024 | £182k | Landmarks Programme |
| THE COSTA FAMILY CHARITABLE TRUST | FY2024 | £142k | Annual Operating Support |
| FRIENDS OF ST PAULS | FY2023 | £125k | Unrestricted grant |
| THE THOMPSON FAMILY CHARITABLE TRUST | FY2025 | £110k | |
| FRIENDS OF ST PAULS | FY2022 | £100k | Whispering Gallery Safety |
| GARFIELD WESTON TRUST FOR ST PAUL'S CATHEDRAL | FY2025 | £100k | Grant to St Paul’s Cathedral (Note: The Statement of Financial Activities lists a single line item 'Grant to St Paul’s Cathedral' for £100,000. Note 7 and the T |
| FRIENDS OF ST PAULS | FY2023 | £97k | Grant to St Paul’s Cathedral for Whispering Gallery Safety |
| FRIENDS OF ST PAULS | FY2023 | £97k | Grants to St Paul’s Cathedral Schools & Families |
| FRIENDS OF ST PAULS | FY2025 | £70k | Unrestricted grant to St Paul’s Cathedral |
| FRIENDS OF ST PAULS | FY2023 | £60k | Grants to St Paul’s Cathedral for Choristers |
| THE ROTHSCHILD FOUNDATION | FY2023 | £50k | |
| SETCHIM CHARITABLE FUND | FY2025 | £50k | |
| GARFIELD WESTON TRUST FOR ST PAUL'S CATHEDRAL | FY2022 | £50k | Grant to St Paul’s Cathedral / towards the Cathedral’s project to re-open the Whispering Gallery to visitors |
| THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST | FY2025 | £48k | |
| THE SHIPWRIGHTS CHARITABLE FUND | FY2025 | £35k | Standard Donation |
| THE ST PAUL'S CATHEDRAL CHORISTER TRUST | FY2023 | £34k | Grants to St Paul’s Cathedral |
| THE SHIPWRIGHTS CHARITABLE FUND | FY2024 | £32k | Standard Donation |
| CATHEDRAL MUSIC TRUST | FY2021 | £25k | |
| CATHEDRAL MUSIC TRUST | FY2022 | £22k | Financial support for cathedral music |
| FRIENDS OF ST PAULS | FY2022 | £20k | Schools & Families |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | FY2023 | £15k | Grant funding of activities |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | FY2022 | £15k | Education |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | FY2024 | £15k | |
| FRIENDS OF ST PAULS | FY2022 | £11k | Choristers |
| THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL | FY2025 | £8k | Organ Scholar Grant |
| THE ARMOURERS AND BRASIERS GAUNTLET TRUST | FY2022 | £7k | Christian Mission |
| THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL | FY2024 | £6k | organ scholar costs |
| THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL | FY2023 | £6k | Organ Scholar Grant |
| THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL | FY2022 | £6k | Organ Scholar Grant to St. Paul's Cathedral |
| THE SCOPS ARTS TRUST | FY2022 | £5k | Grants pledged for payment in later years |
| WILLIAM KENDALL'S CHARITY (WAX CHANDLERS COMPANY) | FY2022 | £2k | Greater London Fund |
| WILLIAM KENDALL'S CHARITY (WAX CHANDLERS COMPANY) | FY2023 | £2k | Greater London Fund |
| WILLIAM KENDALL'S CHARITY (WAX CHANDLERS COMPANY) | FY2024 | £2k | Persons in Need Fund |
| COOPERS CHARITY CIO | FY2025 | £2k | unrestricted |
| COOPERS CHARITY CIO | FY2022 | £2k | Educational |
| THE ARMOURERS AND BRASIERS GAUNTLET TRUST | FY2023 | £2k | Christian Mission |
| THE OUSELEY CHURCH MUSIC TRUST | FY2022 | £2k | Grants for musicians |
| COOPERS CHARITY CIO | FY2024 | £2k | |
| COOPERS CHARITY CIO | FY2023 | £2k | Churches |
| THE WORSHIPFUL COMPANY OF CUTLERS GENERAL CHARITABLE FUND | FY2023 | £1k | Promotion of Social Cohesion |
| THE WEAVERS' COMPANY BENEVOLENT FUND | FY2022 | £500 | Annual Award. |
| THE SHIPWRIGHTS CHARITABLE FUND | FY2022 | £500 | |
| THE SHIPWRIGHTS CHARITABLE FUND | FY2023 | £500 | Standard Annual Donation |
| FRIENDS OF ST PAULS | FY2023 | £0 | Grant to St Paul’s Cathedral for the Organ |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HEADLEY TRUST | 3 | £95k |
| THE MCCORQUODALE CHARITABLE TRUST | 2 | £15k |
| ELY CATHEDRAL TRUST | 1 | £1.4m |
| THE MASTER CHARITABLE TRUST | 1 | £800k |
| THE JULIA RAUSING TRUST | 1 | £649k |
| THE FRIENDS OF ELY CATHEDRAL CIO | 1 | £356k |
| THE MEDLOCK CHARITABLE TRUST | 1 | £215k |
| Genesis Foundation | 1 | £100k |
Charities like this
- THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL
- THE CATHEDRAL CHURCH OF THE HOLY AND UNDIVIDED TRINITY OF ELY
- GARFIELD WESTON TRUST FOR ST PAUL'S CATHEDRAL
- THE CATHEDRAL CHURCH OF THE HOLY TRINITY AND OF SAINT PETER AND SAINT PAUL AND OF SAINT SWITHUN OF WINCHESTER
- THE CATHEDRAL CHURCH OF CHRIST, BLESSED MARY THE VIRGIN AND ST CUTHBERT OF DURHAM
- THE CATHEDRAL CHURCH OF ST ANDREW IN WELLS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ST PAUL'S CATHEDRAL | £25.8m | £120,001 - £130,000 | — | unclear | — | no doubt |
| THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL | £350k | — | 0 | unclear | — | no doubt |
| THE CATHEDRAL CHURCH OF THE HOLY AND UNDIVIDED TRINITY OF ELY | £4.3m | £70,001 - £80,000 | 1 | unclear | — | no doubt |
| GARFIELD WESTON TRUST FOR ST PAUL'S CATHEDRAL | £124k | — | 0 | unclear | — | no doubt |
| THE CATHEDRAL CHURCH OF THE HOLY TRINITY AND OF SAINT PETER AND SAINT PAUL AND OF SAINT SWITHUN OF WINCHESTER | £6.4m | — | — | below | — | no doubt |
| THE CATHEDRAL CHURCH OF CHRIST, BLESSED MARY THE VIRGIN AND ST CUTHBERT OF DURHAM | £5.9m | — | — | unclear | — | no doubt |