Finance Score: -3

Governance Score: 3

Support Score: 14

Pension deficit: -1
Multiple Deficits: -2

12+ Trustees: -1
Narrow trustee age band: -2
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +14

Overall GiG Score: 14

ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION

Presentation of opera and ballet performances at the Royal Opera House Covent Garden and tours in the United Kingdom and overseas

Analysis by Giving is Great

Positives:

A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive benefits from the charity
There are 16 trustees whereas the Charities Commission recommends a maximum of 12
The Board has little diversity in terms of age

Financial issues to consider:

Liquidity appeared to be in excess of CC guidelines at the latest year end but spending has been increasing rapidly
There is a pension deficit of £14,178,000
On several occasions in recent years income has been less than spending

Established: 62 years
(74 years as a company)

www.roh.org.uk

Leah.Hurst@roh.org.uk

02072129201

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
27/08/22		£132,687	£136,915	£-4,228	£15,317	£254,745	£198,718	17.4	978	66
27/08/21		£84,291	£81,854	£2,437	£5,647	£244,425	£183,407	26.9	822	0
27/08/20	*	£118,016	£127,509	£-9,493	£12,900	£232,054	£175,537	16.5	1,098	70
27/08/19		£132,701	£138,863	£-6,162	£17,903	£253,118	£195,398	16.9	1,085	96
27/08/18		£138,269	£131,790	£6,479	£16,107	£254,660	£199,519	18.2	1,078	77
27/08/17		£141,026	£130,291	£10,735	£15,936	£242,953	£183,295	16.9	1,077	0
28/08/16		£139,277	£133,558	£5,719	£16,837	£218,214	£157,293	14.1	1,070	0
30/08/15		£141,586	£124,483	£17,103	£18,281	£222,050	£169,252	16.3	1,057	0
31/08/14		£127,532	£123,790	£3,742	£19,118	£205,646	£163,263	15.8	1,024	0
25/08/13		£113,976	£114,347	£-371	£17,194	£206,721	£167,909	17.6	993	0
26/08/12		£110,344	£111,329	£-985	£16,916	£204,472	£167,737	18.1	981	0
28/08/11		£112,074	£114,552	£-2,478	£19,230	£210,298	£21,235	2.2	966	0
29/08/10		£111,447	£107,154	£4,293	£9,501	£198,220	£8,379	0.9	954	0
30/08/09?		£97,971	£99,952	£-1,981	£7,907	£192,220	£4,163	0.5	951	0
30/03/08		£101,298	£91,932	£9,366	£8,077	£208,998	£12,161	1.6	932	0
25/03/07	*	£91,448	£89,864	£1,584	£4,122	£197,777	£5,293	0.7	887	0
26/03/06		£79,882	£82,401	£-2,519	£0	£0	£0	n/a	0	0
27/03/05	*	£75,110	£78,681	£-3,571	£0	£0	£0	n/a	0	0
28/03/04	*	£69,086	£73,044	£-3,958	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 13.1%
Fundraising Costs/Total Spending: 11.2%
Senior Staff Costs/Total Spending: 11%
Highest pay band: over £500,000
Liabilities/Assets: 20%
Liabilities/Income: 52%
Unrestricted Funds/Total Funds: 78%
Reserves/Spending: 17.4 months
Net Current Assets/Spending: 6 months
Quick Ratio: 1.8

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage

How it operates

Acts as an umbrella or resource body
Makes Grants to Organisations
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
People Of A Particular Ethnic Or Racial Origin
People With Disabilities
The General Public/Mankind

Who works here?

978 employees
66 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

The Foyle Foundation	£400,000
Rothschild Foundation	£350,000
Garfield Weston Foundation	£322,500
Wolfson Foundation	£150,000

Specific Donations

Amount	When Months	To be used for
Woodward Charitable Trust - The Creatives Exchanges Programme for people living with multiple sclerosis
£5,000	15/03/2024	The Creatives Exchanges Programme for young people
Esmee Fairbairn - TASK to Royal Opera House Covent Garden Foundation
£5,000	01/12/2023	TASK fund donation towards the outreach programme
Rothschild Foundation - Grant to Royal Opera House
£300,000	10/07/2023	Future developments of ROH Stream
Wolfson Foundation - Grant to Royal Opera House
£150,000	08/06/2023	Broadcast Sound Mix Room refurbishment and desk replacement
The Foyle Foundation - Arts
£250,000	28/04/2023	towards Internal refurbishment of the Chorus Rehearsal Room
Garfield Weston Foundation - Main Grants award
£7,500	01/04/2022	Patrons Scheme
DCMS - Bridge Expansion
£44,967	22/03/2022	The Arts Council funds a network of 10 Bridge organisations to connect the cultural sector and the education sector so that children & young people can have access to great arts and cultural ....more The Arts Council funds a network of 10 Bridge organisations to connect the cultural sector and the education sector so that children & young people can have access to great arts and cultural opportunities.
Woodward Charitable Trust - Towards work with people experiencing isolation.
£5,000	21/02/2022	Towards work with people experiencing isolation.
Rothschild Foundation - Grant to Royal Opera House
£50,000	17/11/2021	The Digital Stage
Garfield Weston Foundation - Main Grants award
£7,500	01/10/2021	Corporate Four Patron Membership
The Foyle Foundation - Arts
£150,000	24/11/2020	to support ROH in filming and streaming live performances at ROH to widen access and generate income (awarded grant in response to coronavirus)
Garfield Weston Foundation - Main Grants award
£7,500	01/05/2020	ROH Patron Scheme
David & Elaine Potter Foundation - Create and Sing
£10,000	25/03/2020 11	Support of the Royal Opera House’s Create and Sing programme, which blends live and digital learning to engage primary school children in dramatic singing. Through the project children develop a ....more Support of the Royal Opera House’s Create and Sing programme, which blends live and digital learning to engage primary school children in dramatic singing. Through the project children develop a range of skills from literacy and discipline to empathy and critical thought.
Garfield Weston Foundation - Multi-Year Grant (3 Years) award
£300,000	28/02/2020	Ballet Healthcare
Paul Hamlyn Foundation - Paul Hamlyn Hall refurbishment
£150,000	16/07/2018 12	This grant will support the refurbishment of the Paul Hamlyn Hall over Summer 2018.
Garfield Weston Foundation - Main Grants award
£13,600	26/04/2018	Patron Scheme – 2 years
David & Elaine Potter Foundation - Create and Sing Carmen
£10,000	27/06/2017 12	To support the costs of the Create and Sing Carmen project, which aims to help engage teachers and pupils in structured creative singing, teacher training workshops and an external project ....more To support the costs of the Create and Sing Carmen project, which aims to help engage teachers and pupils in structured creative singing, teacher training workshops and an external project evaluation ahead of a wider national rollout in 2018/19
Paul Hamlyn Foundation - Creative Writing Through the Arts
£237,000	23/05/2016 37	ROHB will expand an existing and successful Creative Writing through the Arts (CWtA) programme to cover a three year period, reaching 1350 children, 45 teachers and 45 school leaders in 45 schools, ....more ROHB will expand an existing and successful Creative Writing through the Arts (CWtA) programme to cover a three year period, reaching 1350 children, 45 teachers and 45 school leaders in 45 schools, via collaborations with 18 arts practitioners in five art forms. 15 teachers will join the programme each September for an intensive year of support. Deeper formative and summative evaluation will allow ongoing refinement of the work and potentially deliver useful longitudinal evidence, as the progress in writing of a targeted group of children from each cohort will be tracked throughout the three years.
David & Elaine Potter Foundation - Core funding
£24,000	04/03/2014	Core funding
Nesta - ACE0281
£125,000	28/03/2013	Digital R&D Fund programme grant to Royal Opera House Grant Ref ACE0281

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (16)

Current Trustees appointed

Gender Split

Based on 15/16 persons

Age Range of Trustees: 58-75

CAROLINE LOUISE BRITTON Appointed: 2021, Occupation: Company Director, Other trusteeship: THE ROYAL OPERA HOUSE ENDOWMENT FUND 2000,

CHRISTOPHER TOWNSEND Appointed: 2021, Occupation: Senior Partner, Kpmg

DANIEL CHARLES WYLER Appointed: 2014, Occupation: Company Director

INDHU RUBASINGHAM MBE Appointed: 2020

JANIS ELIZABETH SUSSKIND Appointed: 2022, Occupation: Managing Director, Other trusteeships: THE LONDON SYMPHONY ORCHESTRA LIMITED, Britten Pears Arts, BRITTEN SINFONIA LTD,

KIRSTINE ANN COOPER Appointed: 2016, Occupation: Solicitor

LISA JANE BURGER Appointed: 2022, Occupation: Non Executive Director, Other trusteeship: HISTORIC ROYAL PALACES,

LORD JOHN BROWNE Appointed: 2020, Occupation: Executive Chairman, Other trusteeship: THE SAMUEL COURTAULD TRUST,

MICHAEL WARD Appointed: 2022, Occupation: Managing Director

PAUL DRING MORRELL OBE Appointed: 2016, Occupation: Company Director

SIR ALEX YOUNGER Appointed: 2022, Occupation: Director

SIR LLOYD DORFMAN CBE Appointed: 2015

SUSAN HOYLE Appointed: 2017, Occupation: Arts And Leadership Consultant, Other trusteeship: FUEL PRODUCTIONS LTD,

TIMOTHY BRIAN BUNTING Appointed: 2017, Occupation: Banker, Other trusteeships: THE ROYAL OPERA HOUSE ENDOWMENT FUND 2000, THE SUTTON TRUST,

VANESSA KINGORI Appointed: 2022

ZEINAB BADAWI-MALIK Appointed: 2019, Occupation: Broadcaster And Film Maker

Legal constitution

Charitable company registered in England & Wales on 17/10/1962, number: 211775
Registered at Companies House on 01/04/1950, number: 00480523

Gift Aid

Registered with HMRC for Gift Aid

Event History

Linked charity: STAFF SUPERANNUATION FUND OF THE ROYAL OPERA HOUSE COVENT GARDEN, LIMITED
Linked charity: SUPPLEMENTARY STAFF SUPERANNUATION FUND OF THE ROYAL OPERA HOUSE, COVENT GARDEN LIMITED
28/10/2015 - Asset transfer in from THE ROYAL OPERA HOUSE FOUNDATION
05/05/2023 - Asset transfer in from THE HELEN HARRIETT WILLIAMS CHARITY

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; AR20: 4 days late, AR07: 0 days late, AR05: 5 days late, AR04: 1 days late,

Recent reorganisation events:

Asset transfer in from THE HELEN HARRIETT WILLIAMS CHARITY on 05/05/2023

Main office

ROYAL OPERA HOUSE
COVENT GARDEN
LONDON
WC2E 9DD

Objectives

TO PROMOTE AND ASSIST IN THE ADVANCEMENT OF EDUCATION SO FAR AS SUCH PROMOTION AND ASSISTANCE SHALL BE OF A CHARITABLE NATURE AND IN PARTICULAR, TO RAISE THE ARTISTIC TASTE OF THE COUNTRY, AND TO PROCURE AND INCREASE THE APPRECIATION AND UNDERSTANDING OF THE MUSICAL ART IN ALL ITS FORMS. (SEE MEMORANDUM AND ARTICLES OF ASSOCIATION).

Defined Area of Benefit:

NOT DEFINED

Data Sources