EXETER CATHEDRAL
Exeter Cathedral Charity
Objects
?THE OBJECTS OF THE CHAPTER ARE(A) TO ADVANCE THE CHRISTIAN RELIGION IN ACCORDANCE WITH THE FAITH AND PRACTICE OF THE CHURCH OF ENGLAND, IN PARTICULAR BY FURTHERING THE MISSION OF THE CHURCH OF ENGLAND;(B) TO CARE FOR AND CONSERVE THE FABRIC AND STRUCTURE OF THE CATHEDRAL CHURCH BUILDING;(C) TO ADVANCE ANY OTHER CHARITABLE PURPOSES WHICH ARE ANCILLARY TO THE FURTHERANCE OF THE PURPOSE REFERRED TO IN SUB-PARAGRAPH (A) OR (B).THE CHAPTER MUST ACT FOR THE PUBLIC BENEFIT WITHIN THE MEANING OF SECTION 4(3) OF THE CHARITIES ACT 2011.
Financial health, per its FY2025 accounts
The accounts state that the Cathedral incurred an aggregate deficit of £1,774,000 for the year ended 31 December 2025, primarily due to disruption from development works and investment losses. Free reserves stood at £888,000, which the filing notes is below the stated policy target of four to six months of expenditure, equating to 3.3 months of operational costs. Despite the deficit, the Chapter considers the total funds position satisfactory and maintains a going concern basis with adequate liquid reserves for the next twelve months.
What the accounts disclose
“Three (2024: two) employees received remuneration in excess of £60,000 as follows:” — page 44
“Exeter Cathedral Enterprises, 38%”
“The Cathedral’s reserves policy is to hold an amount equal to four to six months of planned expenditure as reserves” — page 10
“Rent paid to the Cathedral for the school premises - £63,000 (2024: £86,000)” — page 46
“Cost of education of Choristers paid to the School - £158,000 (2024: £141,000)” — page 46
“Rent paid to the Cathedral for the school premises - £63,000 (2024: £86,000)” — page 46
“Cost of education of Choristers paid to the School - £158,000 (2024: £141,000)” — page 46
“Rent paid to the Cathedral for the school premises - £63,000 (2024: £86,000)” — page 46
“Cost of education of Choristers paid to the School - £158,000 (2024: £141,000)” — page 46
“Rent paid to the Cathedral for the school premises - £63,000 (2024: £86,000)” — page 46
“Cost of education of Choristers paid to the School - £158,000 (2024: £141,000)” — page 46
“The trading subsidiary, Exeter Cathedral Enterprises Limited, continues to bring in vital commercial income.” — page 10
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 422
- Government income: £333,302 — grants £333,302 (6); 5% of the £6,936,954 total gross income on the same return
- Employees paid over £60,000: 3 (£70,001–£80,000: 2; £90,001–£100,000: 1)
- Trustee benefits, answered Yes to: any trustee benefit; other trustee benefit
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 402
- Government income: £254,697 — grants £254,697 (10); 2% of the £11,077,833 total gross income on the same return
- Employees paid over £60,000: 2 (£60,001–£70,000: 1; £80,001–£90,000: 1)
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity; other trustee benefit
- Has a trading subsidiary
Corporate structure
- Trading subsidiary: EXETER CATHEDRAL ENTERPRISES LIMITED Companies House 01868645 · Financial health read from its filings
- Equity: £-76k
- Average employees: 30
- Turnover: £1.1m
- Profit before tax: £388k
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Giles Frampton
- Hilary Dawson
- JOHN ALBERT THOMAS LEE OBE DL
- Jennifer Ellis
- John Byfield
- John Mark Yallop
- Paul Netherton OBE
- Rev Catherine Edmonds
- Rev JAMES MUSTARD
- Stephen Waine
- Teresa Turner
- The Reverend Canon Deborah Parsons BA Hons
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £6.9m | £8.7m |
| 31/12/2024 | £11.1m | £9.8m |
Common questions
Is EXETER CATHEDRAL financially healthy?
Per its FY2025 accounts: The accounts state that the Cathedral incurred an aggregate deficit of £1,774,000 for the year ended 31 December 2025, primarily due to disruption from development works and investment losses. Free reserves stood at £888,000, which the filing notes is below the stated policy target of four to six months of expenditure, equating to 3.3 months of operational costs. Despite the deficit, the Chapter considers the total funds position satisfactory and maintains a going concern basis with adequate liquid reserves for the next twelve months. Its FY2025 accounts were audited by Bishop Fleming Audit Limited.
Who funds EXETER CATHEDRAL?
Funders whose own accounts filings name EXETER CATHEDRAL as a grant recipient include THE MASTER CHARITABLE TRUST, THE KIRBY LAING FOUNDATION, EXETER CHIEFS FOUNDATION, THE GOSLING FOUNDATION LIMITED, THE MEDLOCK CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE MASTER CHARITABLE TRUST | FY2025 | £2.0m | Advancement of religion |
| THE KIRBY LAING FOUNDATION | FY2023 | £250k | Religion |
| THE KIRBY LAING FOUNDATION | FY2021 | £105k | Chapter House Project |
| EXETER CHIEFS FOUNDATION | FY2021 | £65k | |
| THE GOSLING FOUNDATION LIMITED | FY2024 | £50k | General |
| THE MEDLOCK CHARITABLE TRUST | FY2024 | £50k | |
| THE HEADLEY TRUST | FY2022 | £46k | Towards conservation and restoration work on the exterior South Wall of the Chapter House. |
| CATHEDRAL MUSIC TRUST | FY2024 | £30k | |
| CATHEDRAL MUSIC TRUST | FY2021 | £30k | |
| THE DULVERTON TRUST | FY2022 | £25k | #iwill Youth Volunteering Programme |
| THE SANDERSON FOUNDATION | FY2024 | £25k | |
| THE HOBSON CHARITY LIMITED | FY2025 | £20k | Cathedral |
| GRANTSCAPE | FY2021 | £20k | Exeter Cathedral: Covid-Secure Spaces to Welcome People Safely |
| THE MEDLOCK CHARITABLE TRUST | FY2025 | £15k | |
| EXETER CHIEFS FOUNDATION | FY2022 | £10k | |
| VISCOUNT AMORY'S CHARITABLE TRUST | FY2024 | £5k | General - Health |
| DR RADCLIFFE'S TRUST | FY2025 | £3k | Apprenticeships Scheme - Costume Apprentice |
| LORD BARNBY'S FOUNDATION | FY2022 | £3k | |
| LORD BARNBY'S FOUNDATION | FY2024 | £3k | |
| DR RADCLIFFE'S TRUST | FY2023 | £2k | Furniture-Making Apprenticeship Programme |
| LORD BARNBY'S FOUNDATION | FY2023 | £2k | |
| THE SANDERSON FOUNDATION | FY2022 | £2k | |
| THE SANDERSON FOUNDATION | FY2023 | amount not stated |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 24/08/2020 | £250k | "COVID19: Exeter Cathedral" |
| The National Lottery Heritage Fund | 04/03/2020 | £7.9m | "Exeter Cathedral - the 2020s Vision. Phase 1 - Investing in our Welcome" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SCOPS ARTS TRUST | 2 | £53k |
| THE OUSELEY CHURCH MUSIC TRUST | 2 | £8k |
| HYMNS ANCIENT AND MODERN LIMITED | 2 | £5k |
| GENESIS AMERICA (UK) LIMITED | 1 | £256k |
| THE WOLFSON FOUNDATION | 1 | £200k |
| THE BRANSFORD TRUST | 1 | £43k |
| St Edmundsbury Cathedral Trust | 1 | £36k |
| THE ELMLEY FOUNDATION | 1 | £35k |
Charities like this
- THE FRIENDS OF EXETER CATHEDRAL
- THE CATHEDRAL CHURCH OF CHRIST AND THE BLESSED MARY THE VIRGIN OF WORCESTER
- GRACE CHURCH EXETER
- THE CATHEDRAL CHURCH OF SAINT JAMES AND SAINT EDMUND, BURY ST EDMUNDS
- CATHEDRAL MUSIC TRUST
- CHESTER ROAD BAPTIST CHURCH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| EXETER CATHEDRAL | £6.9m | — | 3 | unclear | — | no doubt |
| THE FRIENDS OF EXETER CATHEDRAL | £392k | — | 0 | above | — | no doubt |
| THE CATHEDRAL CHURCH OF CHRIST AND THE BLESSED MARY THE VIRGIN OF WORCESTER | £3.1m | £60,000 - £70,000 | 1 | unclear | — | no doubt |
| GRACE CHURCH EXETER | £286k | — | 0 | above | — | no doubt |
| THE CATHEDRAL CHURCH OF SAINT JAMES AND SAINT EDMUND, BURY ST EDMUNDS | £2.7m | — | 0 | below | — | no doubt |
| CATHEDRAL MUSIC TRUST | £1.2m | — | 1 | below | — | no doubt |