Finance Score: 1

Governance Score: 3

Support Score: 8

Excess reserves: -2
Fundraising costs low: +3

Dynamic board: +3

Grant maker support: +8

Overall GiG Score: 12

GLYNDEBOURNE PRODUCTIONS LIMITED

To present opera of the highest international quality in all respects, to remain financially independent, to balance old and new repertory and explore ways of developing the art form, to make our work accessible to a wide audience through Glyndebourne on Tour and by our Education programme and to provide a stimulating and inspirational environment for artists, staff and audiences.

Analysis by Giving is Great

Positives:

The charity has received backing from multiple prominent grant makers recently
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
The Board appears to be dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £69,044,000 available, equivalent to 26 months of spending and so may not be able to utilise additional funding

Established: 59 years
(84 years as a company)

www.glyndebourne.com

governance@glyndebourne.com

01273812321

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
31/12/22		£33,157	£31,993	£1,164	£782	£79,844	£69,044	25.9	315	4
31/12/21		£27,536	£24,990	£2,546	£809	£75,467	£63,963	30.7	287	5
31/12/20	*	£16,144	£17,028	£-884	£1,353	£70,566	£62,572	44.1	233	8
31/12/19		£33,283	£32,698	£585	£963	£67,497	£59,988	22	338	7
31/12/18		£32,639	£31,336	£1,303	£1,205	£62,776	£55,834	21.4	325	12
31/12/17		£32,487	£27,822	£4,664	£1,857	£59,789	£51,461	22.2	323	0
31/12/16		£29,733	£27,981	£1,752	£1,629	£53,308	£47,073	20.2	340	0
31/12/15		£27,927	£25,793	£2,134	£1,566	£51,740	£46,256	21.5	0	0
31/12/14		£39,593	£24,770	£14,823	£1,238	£49,229	£43,757	21.2	319	0
31/12/13		£25,126	£25,356	£-230	£1,093	£35,845	£35,845	17	314	0
31/12/12		£25,341	£25,347	£-6	£1,146	£34,348	£34,348	16.3	310	0
31/12/11		£24,876	£24,736	£141	£1,166	£33,801	£33,801	16.4	317	0
31/12/10		£22,612	£21,252	£1,361	£1,501	£35,320	£34,921	19.7	287	0
31/12/09		£20,839	£21,270	£-431	£1,556	£34,138	£34,138	19.3	287	0
31/12/08		£20,280	£20,879	£-599	£1,451	£35,165	£35,165	20.2	281	0
31/12/07		£20,115	£19,329	£786	£1,234	£40,273	£40,273	25	269	0
31/12/06		£18,663	£18,756	£-93	£0	£0	£0	n/a	0	0
31/12/05		£17,854	£18,561	£-707	£0	£0	£0	n/a	0	0
31/12/04		£16,853	£17,336	£-484	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 3.1%
Fundraising Costs/Total Spending: 3.1%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 12%
Liabilities/Income: 32%
Unrestricted Funds/Total Funds: 86%
Reserves/Spending: 25.9 months
Net Current Assets/Spending: 2 months
Quick Ratio: 1.2

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science

How it operates

Other charitable activities

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

315 employees
4 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

DCMS	£1,659,030
Rothschild Foundation	£100,000
Woodward Charitable Trust	£30,000

Specific Donations

Amount	When Months	To be used for
Woodward Charitable Trust - The Good Company: Music in Care Home Project
£10,000	20/10/2023	The Good Company: Music in Care Home Project
Rothschild Foundation - Grant to Glyndebourne
£50,000	03/07/2023	RESOUND: participation and audience outreach projects delivered from September to December that break down barriers between Glyndebourne’s performing company and communities that otherwise may not ....more RESOUND: participation and audience outreach projects delivered from September to December that break down barriers between Glyndebourne’s performing company and communities that otherwise may not engage with our work.
Rothschild Foundation - Grant to Glyndebourne
£50,000	17/11/2021	The Glyndebourne Fringe programme
Woodward Charitable Trust - Dementia friendly coffee and chamber music sessions
£10,000	27/10/2021	Dementia friendly coffee and chamber music sessions
DCMS - Glyndebourne Touring Opera and Education
£1,659,030	01/04/2020	We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of ....more We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. We invest public money from Government and The National Lottery to help support the sector and to deliver this vision.
Woodward Charitable Trust - Loneliness Project
£10,000	02/10/2019	Towards the “Loneliness Project” payable in 2019/20.
DCMS - Glyndebourne Touring Opera and Education
£1,629,055	01/04/2019	£1.6bn invested in the key arts and culture infrastrucure organisations in England for a 4 year period
Woodward Charitable Trust - Toward the Raise Your Voice programme with Alzheimer's Society
£10,000	14/12/2018	Trustees approved a grant of £10,000 towards the "Raise Your Voice" - an opera project for local people with dementia and their carers run by Glyndebourne’s education department.
DCMS - Glyndebourne Touring Opera and Education
£1,629,055	01/04/2018	Glyndebourne Touring Opera and Education
DCMS - Glyndebourne Touring Opera and Education
£407,264	01/04/2018	To support Glyndebourne Touring Opera and Education

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Age Range of Trustees: 56-82

ALINA KESSEL Appointed: 2017, Occupation: Advertising Executive, Other trusteeship: BRITISH EYE RESEARCH FOUNDATION,

CHRISTOPHER KENNETH WALTER Appointed: 2020, Occupation: Solicitor

FRANCK PETITGAS Appointed: 2016, Occupation: Investment Banker

JOHN BOTTS CBE, Occupation: Company Director

JOLYON RONAL THOMAS BARKER Appointed: 2014, Occupation: Partner (Consulting), Deloitte

LORD ME DAVIES OF ABERSOCH Appointed: 2012

LADY HELEN MADELEINE WARD Appointed: 2021, Occupation: Solicitor

LADY VICTORIA SUSAN HULL ROBEY Appointed: 2022, Occupation: Charity Founder/Director, Other trusteeships: ROYAL PHILHARMONIC SOCIETY, UK Music Masters Ltd., BRAMFIELD CHARITABLE TRUST,

SARAH HOPWOOD Appointed: 2022, Occupation: Trustee

Legal constitution

Charitable company registered in England & Wales on 28/07/1965, number: 243877
Registered at Companies House on 16/12/1939, number: 00358266

Gift Aid

Registered with HMRC for Gift Aid

Event History

12/07/2016 - Asset transfer in from GLYNDEBOURNE ARTS TRUST
06/08/2018 - Asset transfer in from THE BIRD CHARITABLE TRUST
19/03/2019 - Asset transfer in from THE ROBERT BLAY TRUST
06/01/2022 - Asset transfer in from THE JOANINHA TRUST
12/12/2022 - Asset transfer in from THE PAT AND CHARLES SONABEND CHARITABLE TRUST

Policies in force

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

Filing Record

19 returns made; AR20: 2 days late,

Recent reorganisation events:

Asset transfer in from THE JOANINHA TRUST on 06/01/2022
Asset transfer in from THE PAT AND CHARLES SONABEND CHARITABLE TRUST on 12/12/2022

Main office

GLYNDEBOURNE PRODUCTIONS LTD
THE OPERA HOUSE
NEW ROAD
RINGMER
LEWES
BN8 5UU

Objectives

PROMOTION AND ADVANCEMENT OF AESTHETIC EDUCATION AND THE CULTIVATION AND IMPROVEMENT OF PUBLIC TASTE IN MUSIC, OPERA OR THE OTHER ARTS AND THE DOING OF ALL SUCH OTHER THINGS AS ARE INCIDENTAL TO THE ATTAINMENT OF THE ABOVE OBJECTS.

Defined Area of Benefit:

NATIONAL

Data Sources