THE ROYAL OPERA HOUSE FOUNDATION

Charity number: 211659
Removed charity

Charity overview

Activities - how the charity spends its money

To encourage, promote and educate the public in the arts of opera and ballet. It achieves this mainly through support of Royal Opera House Covent Garden Foundation (ROHCGF), its productions and its education and access activities. The ROHF transferred its trade, assets and liabilities to ROHCGF on 31 August 2014. The ROHF has been dormant from that date onwards.

Income and expenditure

Data for financial year ending 31 August 2014

Total income:
£23,104,000

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Donations and legacies £14.33m
Charitable activities £7.57m
Other trading activities £1.21m
Investments £0
Other £0

Total expenditure:
£24,089,000

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Raising funds £0
Charitable activities £21.54m
Other £985.00k

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £2.55m
Charitable expenditure £21.54m

Fundraising

This charity raises funds from the public but does not work with commercial participators.

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Education/training
  • Arts/culture/heritage/science
  • Environment/conservation/heritage
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • People Of A Particular Ethnic Or Racial Origin
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 05 September 1962: Standard registration
  • 15 August 2014: Funds received from 211660 THE FRIENDS OF COVENT GARDEN
  • 28 October 2015: Funds transferred to 211775 ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION
  • 28 October 2015: Removed (Amalgamated)
Organisation type:
Charitable company
Other names:
  • ROYAL OPERA HOUSE TRUST (Previous name)
  • THE SOCIETY OF THE ROYAL OPERA HOUSE LIMITED (Previous name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 29/08/2010 28/08/2011 26/08/2012 25/08/2013 31/08/2014
Total gross income £20.50m £17.69m £18.12m £21.09m £23.10m
Total expenditure £20.50m £17.69m £18.12m £21.09m £24.09m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £12.83m £9.46m £9.97m £12.40m £14.33m
Income - Other trading activities £881.00k £1.31m £1.15m £1.72m £1.21m
Income - Charitable activities £6.79m £6.92m £7.00m £6.98m £7.57m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £0 £0
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £19.39m £16.39m £16.83m £19.51m £21.54m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance £7.00k £9.00k £2.00k £55.00k £11.00k
Expenditure - Grants institution £17.26m £14.25m £14.83m £17.63m £19.33m
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £985.00k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 29/08/2010 28/08/2011 26/08/2012 25/08/2013 31/08/2014
Own use assets £0 £0 £0 £0 £0
Long-term investments £0 £0 £0 £0 £0
Other assets £6.39m £7.40m £9.22m £9.06m £0
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £5.40m £6.41m £8.23m £8.07m £0

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 25 August 2015 Not submitted
Accounts and TAR 25 August 2015 Not submitted
Annual return 31 August 2014 13 March 2015 On Time
Accounts and TAR 31 August 2014 20 March 2015 On Time
Annual return 25 August 2013 10 February 2014 On Time
Accounts and TAR 25 August 2013 10 February 2014 On Time
Annual return 26 August 2012 08 February 2013 On Time
Accounts and TAR 26 August 2012 08 February 2013 On Time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 20TH JULY 1962, AS AMENDED BY SPECIAL RESOLUTION DATED 28 JUNE 1974, 6 JULY 1976, 27 MAY 1977, 17 JANUARY 1990, 23 MAY 1991, 13TH SEPTEMBER 1995 AND 16 AUGUST 2001.

Charitable objects

TO ENCOURAGE PROMOTE AND EDUCATE THE PUBLIC IN THE ARTS OF OPERA AND BALLET.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED