Finance Score: 1

Governance Score: 5

Support Score: 9

Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3

Grant maker support: +9

Overall GiG Score: 15

WELSH NATIONAL OPERA LIMITED

The company engages in all aspects of staging opera and educational activity together with a wide range of related activities including concerts, broadcasts, recordings and publications.

Analysis by Giving is Great

Positives:

Fundraising costs are unusually low relative to funds raised
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 age and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 13 trustees whereas the Charities Commission recommends a maximum of 12
Over half the Board have joined recently

Financial issues to consider:

On several occasions in recent years income has been less than spending

Established: 61 years
(75 years as a company)

www.wno.org.uk

stephanie.bradley@wno.org.uk

02920635000

Charity Commission for England and Wales

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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
31/08/22		£18,162	£20,169	£-2,007	£334	£12,695	£10,376	6.2	220	2
31/08/21		£13,731	£11,933	£1,798	£314	£11,000	£8,376	8.4	231	20
31/08/20		£15,816	£18,147	£-2,331	£379	£6,211	£4,252	2.8	229	20
31/08/19	*	£18,605	£20,913	£-2,308	£518	£6,766	£4,405	2.5	224	20
31/08/18		£16,868	£18,107	£-1,239	£469	£9,854	£7,324	4.9	220	20
31/08/17		£17,290	£18,986	£-1,696	£467	£9,202	£6,729	4.3	215	0
31/08/16		£18,014	£17,607	£407	£543	£8,120	£6,044	4.1	200	0
31/08/15		£17,747	£17,533	£214	£1,933	£7,967	£5,554	3.8	204	0
31/08/14		£18,123	£18,414	£-291	£1,895	£6,971	£4,938	3.2	207	0
31/08/13		£16,999	£17,235	£-236	£1,594	£7,245	£5,521	3.8	204	0
31/08/12		£17,780	£17,678	£102	£1,991	£7,014	£5,190	3.5	212	0
31/08/11		£18,666	£17,520	£1,146	£2,553	£7,919	£6,099	4.2	228	0
31/08/10		£19,061	£18,613	£448	£2,282	£4,610	£2,747	1.8	232	0
31/08/09		£18,024	£17,829	£195	£2,027	£3,460	£1,322	0.9	238	0
31/08/08		£18,390	£17,967	£424	£2,021	£6,105	£4,097	2.7	262	0
01/09/07?		£24,390	£24,000	£390	£2,456	£5,380	£3,398	1.7	319	0
31/03/06	*	£17,273	£16,995	£278	£0	£0	£0	n/a	0	0
31/03/05		£16,545	£16,954	£-408	£0	£0	£0	n/a	0	0
31/03/04		£15,063	£15,490	£-427	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 2.2%
Fundraising Costs/Total Spending: 1.8%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £140,000-£150,000
Liabilities/Assets: 15%
Liabilities/Income: 10%
Unrestricted Funds/Total Funds: 82%
Reserves/Spending: 6.2 months
Net Current Assets/Spending: 3 months
Quick Ratio: 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?

220 employees
2 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

John Ellerman Foundation	£120,000
The Foyle Foundation	£73,000
National Lottery Community Fund	£55,980
National Lottery Heritage Fund	£9,900

Specific Donations

Amount	When Months	To be used for
National Lottery Heritage Fund - Grant to Welsh National Opera Limited
£9,900	20/12/2022	Community programme celebrating the cultural tradition of Male Voice Choirs
National Lottery Community Fund - Cradle
£40,575	21/09/2022	Cradle is an intergenerational creative arts project based in Milford Haven. The project will be delivered by Welsh National Opera (WNO) in partnership with Pembrokeshire Association of Voluntary ....more Cradle is an intergenerational creative arts project based in Milford Haven. The project will be delivered by Welsh National Opera (WNO) in partnership with Pembrokeshire Association of Voluntary Services (PAVS) and Torch Theatre. Older people living with dementia their families and carers local care home residents volunteers and local primary school pupils will meet to explore perceptions of ageing and Dementia. The project builds resilience in the local community helping them support older people living with dementia. The £40575 grant will pay for a choir leader and musicians and a contribution towards the salaries venue hire travel and accommodation. Prosiect celfyddydau creadigol rhwng cenedlaethau yn Aberdaugleddau yw Cradle. Bydd y prosiect yn cael ei ddarparu gan Opera Cenedlaethol Cymru (WNO) mewn partneriaeth â Chymdeithas Gwasanaethau Gwirfoddol Sir Benfro (PAVS) a Torch Theatre. Bydd pobl sy’n byw â dementia eu teuluoedd a gofalwyr preswylwyr y cartref gofal lleol gwirfoddolwyr a disgyblion ysgol gynradd yn cyfarfod i archwilio eu dirnadaeth o heneiddio a dementia. Mae’r prosiect yn meithrin gwytnwch yn y gymuned leol gan eu helpu i gefnogi pobl hn sy’n byw â dementia. Bydd y grant £40575 yn talu am arweinydd côr a cherddorion cyfraniad tuag at y cyflogau llogi lleoliad teithio a llety.
John Ellerman Foundation - Core costs to stage new and updated works during the 2021/22 season.
£120,000	29/09/2021 36	Core costs to stage new and updated works during the 2021/22 season.
National Lottery Community Fund - Covid - 19 WNO Cradle Choir
£5,940	15/02/2021 8	Welsh National Opera Limited in Pembrokeshire will continue digital delivery of weekly choir practises for people with dementia their families and carers. £5940 will fund a pianist and a vocal ....more Welsh National Opera Limited in Pembrokeshire will continue digital delivery of weekly choir practises for people with dementia their families and carers. £5940 will fund a pianist and a vocal leader. Bydd Opera Cenedlaethol Cymru Cyfyngedig yn Sir Benfro yn parhau i gyflwyno ymarferion côr wythnosol yn ddigidol ar gyfer pobl â dementia eu teuluoedd a'u gofalwyr. Bydd £5940 yn ariannu pianydd ac arweinydd lleisiol.
The Foyle Foundation - Arts
£73,000	11/02/2021	towards the WNO Vocal Animateur Training Programme
National Lottery Community Fund - Cradle
£9,465	14/01/2020 5	Welsh National Opera Limited will deliver an intergenerational singing project in Pembrokeshire, that will bring older people experiencing dementia and children from local schools together. £9,465 ....more Welsh National Opera Limited will deliver an intergenerational singing project in Pembrokeshire, that will bring older people experiencing dementia and children from local schools together. £9,465 will fund a composer, musicians fees, photography, programmes, travel and accommodation.
Youth Music - Early years music making with refugee families
£8,950	05/07/2019	Early years music making with refugee families
National Lottery Community Fund - Cradle
£8,500	10/12/2018 12	Cradle
Garfield Weston Foundation - Multi-Year Grant (3 Years) award
£300,000	17/10/2018	WNO Youth, Community and Digital programme
Andrew Lloyd Webber Foundation - Grant to Welsh National Opera
£5,100	27/06/2017 12	Extensive and ongoing programme of Youth & Community activity in Birmingham.
Esmee Fairbairn - Grant to Welsh National Opera
£180,000	25/04/2017 36	Towards the costs of a programme of arts activity in communities across North Wales
Paul Hamlyn Foundation - the continuation of the ArtWorks Cymru partnership between March 2017 and September 2017.
£5,000	03/03/2017 6	Funding will support ArtWorks Cymru partnership to develop the next phase activity including the time of the partnership manager, the Welsh contribution to the Artworks Alliance Convention, and ....more Funding will support ArtWorks Cymru partnership to develop the next phase activity including the time of the partnership manager, the Welsh contribution to the Artworks Alliance Convention, and business planning for the next phase of ArtWorks Cymru.
Esmee Fairbairn - Grant to Welsh National Opera
£40,000	28/08/2013	Towards an extensive programme of community outreach music projects in Wrexham.
Esmee Fairbairn - Grant to Welsh National Opera
£33,863	14/09/2010 12	Towards Unrestricted core costs Towards the cost of the education and outreach programme.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (13)

Current Trustees appointed

Age Range of Trustees: 42-75

AILEEN RICHARDS Appointed: 2019, Occupation: Non Executive Company Director

ANNABEL CLARE PILLMAN Appointed: 2022, Occupation: Director

DONALD MAXWELL Appointed: 2023, Occupation: Opera Singer

DR ARUN DANIEL MIDHA Appointed: 2022, Occupation: Director

GERALLT PRITCHARD JONES Appointed: 2023, Occupation: Solicitor

HARRIET FEILDING Appointed: 2023, Occupation: Chartered Accountant, Other trusteeship: THE TRUSTEES OF THE SAXON CHURCH,

HENRY LITTLE Appointed: 2019, Occupation: Chief Executive, Arts Charity, Other trusteeship: BRIXTON CHAMBER ORCHESTRA,

KENON MAN Appointed: 2023, Occupation: Deputy Director Of Marketing & Student Recruitment

MANON EDWARDS AHIR Appointed: 2019, Occupation: Head Of News, Media & Digital, National Assembly

NICOLA CLARE AMERY Appointed: 2019, Occupation: Business Consultant

PAUL MICHAEL HUGHES Appointed: 2023, Occupation: Freelance Arts Consultant

PROFESSOR MEDWIN HUGHES Appointed: 2022, Occupation: University Vice-Chancellor, Other trusteeship: THE REPRESENTATIVE BODY OF THE CHURCH IN WALES,

YVETTE ANNE VAUGHAN JONES (Chair) Appointed: 2019, Occupation: Ceo, Overtier

Legal constitution

Charitable company registered in England & Wales on 06/08/1963, number: 221538
Registered at Companies House on 19/05/1948, number: 00454297

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

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

Filing Record

19 returns made; AR19: 65 days late, AR06: 1 days late,

Main office

WELSH NATIONAL OPERA
THE WALES MILLENNIUM CENTRE
BUTE PLACE
CARDIFF
CF10 5AL

Objectives

TO PROMOTE AND ASSIST IN THE ADVANCEMENT OF EDUCATION SO FAR AS SUCH PROMOTION AND ASSISTANCE SHALL BE OF A CHARITABLE NATURE, TO PROCURE AND INCREASE THE APPRECIATION AND UNDERSTANDING OF DRAMATIC ART IN ALL ITS FORMS IN WALES AND ELSEWHERE.

Defined Area of Benefit:

NOT DEFINED

Data Sources