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Finance

Recovering strongly — and planning for the future

Covid-19 dealt a severe blow to our operations. Income disappeared, maintenance was deferred, and the work we wanted to do for people was put on hold. We are now recovering — and building the financial foundations to do far more.

£9.7m
Record commercial revenue 2025–26
£263k
Company profit 2025–26 (expected)
£1.8m
Yearly cost of caring for the building
£14m
Building needs over the next ten years
A graduate at Central Hall Westminster Graduations are a growing source of events income
Overview

Back on our feet

Covid-19 closed every activity we ran. Income vanished, regular maintenance was deferred, and planned improvements simply didn't happen. Since then our trading company, Central Hall Westminster Ltd, has rebuilt steadily. Revenue reached a record £9.7m in the year to 31 August 2026, and the Company has returned to modest profit in each of the last two years, after losses of around £750,000 a year in 2022–23 and 2023–24. Clients have included the United Nations, the EBRD, Microsoft, Meta and Netflix.

But trading alone can no longer pay for the building. Company profit is budgeted at £150,000 for 2026–27, compared with £770,000 before Covid, while caring for Central Hall costs around £1.8 million a year. Spending on the building has averaged just £230,000 a year since the pandemic, less than half of what it needs, and a full condition survey in 2026 puts the cost of the work required over the next ten years at £14 million.

The income we generate still matters enormously, because it enables everything else: the congregation, the community work, the St Vincent's Family Project — and the services that people in Westminster depend on.

Note on reserves: Cash reserves remain under pressure and the monthly grant to MCHW, which ceased in February 2024, has not yet resumed. The Trust is committed to resuming this support at the earliest practicable opportunity, and to building reserves of £1m by 2032.

Income sources

How income is generated

  • Conference, meeting and events hire — the primary income stream
  • Graduation ceremonies — three new clients since September 2025
  • Association and membership organisations — four new clients since October 2025, with bookings through to 2030
  • Exclusive-use events — premieres, gala dinners and large-scale civic events
  • Rent from catering partner Green & Fortune and other tenants
How income is used
  • Maintenance and conservation of the Grade II* building
  • Capital investment in infrastructure and commercial facilities
  • Financial support for the worshipping community
  • Building the Trust's reserves
  • Heritage and archive development
Capital programme

The £10 million campaign

1

Foundations

2025–2026

Feasibility studies; heritage architects Donald Insall Associates appointed; quinquennial inspection response; archive audit; Capital Appeal launch in December 2026.

2

Development

2026–2028

Design development and planning consents; National Lottery Heritage Fund application; digital heritage pilot; major donor cultivation.

3

Delivery

2028–2030

Capital works begin, not before December 2028; archive digitisation; Heritage Visitor Centre fit-out and opening in 2030.

4

Completion

2030–2032

Museum accreditation; endowment established; reserves rebuilt — ready for Central Hall's 120th anniversary in 2032.

Pursuing a National Lottery Heritage Fund application alongside major philanthropic gifts, connexional grants and international Methodist partnerships.

Support the Capital Appeal

Your gift helps restore what Covid took

…and lets us do far more for the people who depend on this place.

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