Cathedral income & expenditure
Peterborough Cathedral has charitable status and receives no direct funding from the state to remain in operation 364 days a year.
The cost of running the Cathedral throughout the year currently stands at £3,500 per day with 65% of that money being spent on ministry and 35% on maintenance.
We are strongly supported by The Peterborough Cathedral Development and Preservation Trust but rely heavily on the generosity of our visitors, supporters and patrons to provide the £1.3 million required each year to maintain and operate the building and support its purpose.
We therefore must raise the funds ourselves in the best way we can to keep the Cathedral open 364 days a year. We are involved in various additional activities to boost the Cathedral’s income including the effective management of our Precinct Property Portfolio.
The charts above show the Peterborough Cathedral Budget 2009/2010 (excluding major maintenance projects). You can see that our largest income comes from the property we manage across the Cathedral site from residential lettings to commercial office space. Our largest outgoing is our ministry and worship, which is likely to cost almost £600,000 for the next financial year.
It is important to us that 65% of our expenditure funds our core activities of ministry and worship. It is vital that we continue to operate this way as we are a valuable community resource and a treasured sacred space. We are always extremely grateful for any additional financial help we receive and there are numerous ways you can Get Involved.
Please click here to find out more about the various options for how you could make a difference by contributing financially to Peterborough Cathedral.