THE CATHEDRAL CHURCH OF ST ANDREW IN WELLS
The Cathedral Church of St Andrew in Wells, known as Wells Cathedral, is foremost a place of worship and the seat of the Bishop of Bath & Wells. It is also a heritage attraction, a concert and exhibition venue, a community space and a centre for learning.
Financial health, per its FY2024 accounts
The accounts state that the Cathedral achieved a surplus of £104,574 for the year, with free reserves held at £785,927, which is 3.7 months of common fund expenditure. This level of reserves is in line with the agreed policy target of between three and six months. However, the trustees note that excluding restricted and endowed funds, the result was a deficit of £96k, which they describe as unsustainable.
What the accounts disclose
“There was 1 employee with emoluments between £70,000 and £80,000” — page 45
“There was 1 employee with emoluments between £70,000 and £80,000” — page 45
“The reserves policy agreed by Chapter is for free reserves to be maintained at between three and six months’ common fund expenditure.” — page 21
“The Cathedral has one trading subsidiary, Wells Cathedral Enterprises Ltd (“WCEL”)” — page 25
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- The Very Reverend Toby Christopher Wrightchair
- CAROLINE ELIZABETH BODDINGTON
- Colin William Kerr
- David Alastair Morgan-Hewitt
- Dr Megan Isobel Jane Daffern
- Edward William George Bayntun-Coward DL
- Joanna Mary Birkett
- Rev Timothy David Stevens
- WILLIAM HENRY THOMAS SHEPPARD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.7m | £3.7m |
Common questions
Is THE CATHEDRAL CHURCH OF ST ANDREW IN WELLS financially healthy?
Per its FY2024 accounts: The accounts state that the Cathedral achieved a surplus of £104,574 for the year, with free reserves held at £785,927, which is 3.7 months of common fund expenditure. This level of reserves is in line with the agreed policy target of between three and six months. However, the trustees note that excluding restricted and endowed funds, the result was a deficit of £96k, which they describe as unsustainable. Its FY2024 accounts were audited by Fletcher & Partners.
What does the highest-paid employee of THE CATHEDRAL CHURCH OF ST ANDREW IN WELLS earn?
Per its FY2024 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.
Who funds THE CATHEDRAL CHURCH OF ST ANDREW IN WELLS?
Funders whose own accounts filings name THE CATHEDRAL CHURCH OF ST ANDREW IN WELLS as a grant recipient include THE MASTER CHARITABLE TRUST, THE MEDLOCK CHARITABLE TRUST, CATHEDRAL MUSIC TRUST, THE HEADLEY TRUST, THE SANDERSON FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE MASTER CHARITABLE TRUST | FY2025 | £800k | Advancement of religion |
| THE MEDLOCK CHARITABLE TRUST | FY2024 | £200k | |
| CATHEDRAL MUSIC TRUST | FY2021 | £25k | |
| THE HEADLEY TRUST | FY2025 | £25k | Towards building conservation and repairs to the medieval buildings in The Vicars’ Close, Wells Cathedral. |
| THE MEDLOCK CHARITABLE TRUST | FY2025 | £15k | |
| THE SANDERSON FOUNDATION | FY2022 | £10k | |
| THE DICKINSON FAMILY CHARITABLE TRUST | FY2022 | £6k | The Relief of Those in Need |
| THE DICKINSON FAMILY CHARITABLE TRUST | FY2025 | £6k | Other Charitable Purposes |
| THE DICKINSON FAMILY CHARITABLE TRUST | FY2023 | £5k | The Relief of Those in Need |
| CAREW POLE CHARITABLE TRUST | FY2022 | £2k | |
| THE GOLSONCOTT FOUNDATION | FY2023 | £1k | |
| THE CLOCKMAKERS' CHARITY | FY2022 | £1k | Horological project grant |
| THE DICKINSON FAMILY CHARITABLE TRUST | FY2024 | £1k | The Relief of those in Need |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 17/08/2020 | £48k | "COVID19 Wells Cathedral" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE OUSELEY CHURCH MUSIC TRUST | 2 | £24k |
| THE JACK PATSTON CHARITABLE TRUST | 2 | £16k |
| THE SCOPS ARTS TRUST | 2 | £15k |
| THE MCCORQUODALE CHARITABLE TRUST | 2 | £15k |
| THE CITY OF LONDON ENDOWMENT TRUST FOR ST PAUL'S CATHEDRAL | 1 | £1.6m |
| ELY CATHEDRAL TRUST | 1 | £1.4m |
| THE JULIA RAUSING TRUST | 1 | £649k |
| FRIENDS OF ST PAULS | 1 | £580k |
Charities like this
- WELLS CATHEDRAL SCHOOL LIMITED
- THE CATHEDRAL CHURCH OF THE HOLY TRINITY AND OF SAINT PETER AND SAINT PAUL AND OF SAINT SWITHUN OF WINCHESTER
- ST PAUL'S CATHEDRAL
- THE CATHEDRAL CHURCH OF CHRIST, BLESSED MARY THE VIRGIN AND ST CUTHBERT OF DURHAM
- THE CATHEDRAL CHURCH OF SAINT PETER, SAINT PAUL AND ST ANDREW IN PETERBOROUGH
- THE CATHEDRAL CHURCH OF THE HOLY AND UNDIVIDED TRINITY OF ELY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE CATHEDRAL CHURCH OF ST ANDREW IN WELLS | £3.7m | £70,001 - £80,000 | 1 | within | — | no doubt |
| WELLS CATHEDRAL SCHOOL LIMITED | £19.1m | — | — | 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 |
| ST PAUL'S CATHEDRAL | £25.8m | £120,001 - £130,000 | — | unclear | — | no doubt |
| THE CATHEDRAL CHURCH OF CHRIST, BLESSED MARY THE VIRGIN AND ST CUTHBERT OF DURHAM | £5.9m | — | — | unclear | — | no doubt |
| THE CATHEDRAL CHURCH OF SAINT PETER, SAINT PAUL AND ST ANDREW IN PETERBOROUGH | £2.4m | £70,001 - £80,000 | — | below | — | material uncertainty |