The Palace Trust

Analysis

The Palace Trust is a registered charity in England and Wales, based in Somerset. It was registered in March 2015, 11 years ago. Its declared purposes cover education/training, religious activities, arts/culture/heritage/science and environment/conservation/heritage, which this site groups under religion. Legally it is a charitable company (Companies House number 09404519). It says it provides buildings/facilities/open space and provides advocacy/advice/information.

In the financial year ending December 2025, The Palace Trust reported income of £2.2m and spending of £2.1m, spending 97% of its income. Across the 5 years on record, from December 2021 to December 2025, income grew from £1.9m to £2.2m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 95% of the income it received.

Among 20,496 England and Wales charities whose main cause is religion and that reported income, The Palace Trust sits at the 98th percentile: it is larger than about 98% of them. Against every charity in England and Wales with reported income it ranks in the 96th percentile. Charities of a similar size with the same main cause include New North London Synagogue (£2.2m), Cathedral Church of St Mary the Virgin, St Peter and St Cedd, Chelmsford (£2.2m) and The Parochial Church Council of the Ecclesiastical Parish of Stoke Gifford (£2.2m).

In its latest detailed accounts, income came from trading 55%, charitable activities 35%, donations and legacies 8.2% and investments 1.8%. Charitable activities took 53% of spending and raising funds 46%. Reserves of £450k would cover about 3 months of spending at that rate. It employed 61 people.