Full accounts for ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION

Annual Returns to Charity Commission
Financial year ending2007-03-252008-03-302009-08-302010-08-292011-08-282012-08-262013-08-252014-08-312015-08-302016-08-282017-08-272018-08-27
Income from legacies£385,000£4.20m£122,000£320,000£97,000£551,000£551,000£520,000£244,000£192,000£628,000£361,000
Income from endowments£0£10.26m£0£0£0£0£0£0£0£0£0£5.04m
Voluntary income£34.40m£51.72m£45.24m£52.33m£47.58m£45.05m£50.50m£54.59m£68.13m£60.22m£65.49m£60.01m
Activities generating funds£3.56m£5.65m£7.03m£6.65m£16.05m£18.55m£17.86m£19.42m£18.14m£17.49m£16.14m£15.36m
Income from charitable activities£46.86m£42.06m£44.61m£51.45m£47.12m£45.36m£44.33m£52.11m£53.67m£59.75m£57.56m£61.09m
Investment income£1.61m£1.88m£1.09m£1.02m£1.32m£1.39m£1.28m£1.41m£1.64m£1.81m£1.83m£1.81m
Other income£5.02m£0£0£0£0£0£0£0£0£0£0£0
Total income£91.45m£101.30m£97.97m£111.45m£112.07m£110.34m£113.98m£127.53m£141.59m£139.28m£141.03m£138.27m
Investment gains£3.77m£-782,000£-2,513,000£1.60m£1.38m£1.28m£590,000£1.21m£430,000£4.16m£580,000£935,000
Gains from asset revaluations£0£0£0£0£0£0£0£70,000£536,000£10,000£0£951,000
Gains on pension fund£2.72m£2.64m£-2,508,000£108,000£4.52m£-7,006,000£2.03m£-6,099,000£-1,665,000£-17,297,000£12.60m£3.34m
Voluntary income costs£2.29m£3.31m£2.58m£2.84m£3.21m£3.13m£3.58m£4.94m£4.93m
Fundraising trading costs£1.61m£4.54m£5.02m£6.46m£15.80m£13.54m£13.31m£13.94m£13.13m
Investment management costs£42,000£0£0£0£0£0£0£0£0£0£232,000£0
Grants to institutions£15,000£15,000£10,000£10,000£10,000£21,000£10,000£18,000£10,000£10,000£10,000£10,000
Charitable activities costs£85.70m£83.86m£92.05m£97.65m£95.32m£94.41m£97.15m£104.67m£106.15m£116.66m£114.05m£115.62m
Governance costs£213,000£225,000£302,000£202,000£219,000£241,000£304,000£245,000£222,000£382,000£366,000£486,000
Other expenses£0£0£0£0£0£0£0£0£52,000£64,000£71,000£64,000
Total expenses£89.86m£91.93m£99.95m£107.15m£114.55m£111.33m£114.35m£123.79m£124.48m£133.56m£130.29m£131.79m
Support costs£19.08m£21.72m£19.89m£19.63m£19.61m£20.25m£20.97m£21.66m£23.04m£25.48m£25.46m£25.50m
Depreciation£6.54m£6.80m£5.96m£5.70m£5.77m£6.06m£6.25m£6.63m£6.89m£7.08m£7.09m£6.95m
Reserves£197.78m£1.56m£2.02m£2.05m£2.11m£3.55m£3.51m£3.63m£4.00m£783,000£4.28m£4.40m
Fixed assets at start of year£186.34m£198.46m£208.52m£226.69m£213.62m£208.78m£200.85m£199.36m£200.75m£208.71m£214.96m
Fixed assets at end of year£198.46m£211.26m£202.58m£204.97m£208.78m£200.85m£199.36m£200.75m£208.71m£214.96m£227.46m£250.75m
Fixed investment assets at start of year£0£16.93m£25.84m£23.44m£25.18m£26.36m£22.76m£25.27m£26.43m£28.93m£33.12m
Fixed investment assets at end of year£16.93m£26.55m£23.44m£25.18m£26.36m£22.76m£23.27m£26.43m£28.93m£33.12m£33.85m£36.65m
Current investment assets£0£0£0£0£0£0£0£0£0£25.50m£14.00m£10.50m
Cash£30.01m£21.50m£19.66m£19.81m£28.30m£31.74m£32.26m£37.67m£45.19m£20.32m£23.84m£30.99m
Total current assets£38.10m£31.55m£29.06m£32.36m£39.62m£48.29m£50.70m£55.94m£67.56m£74.43m£75.01m£67.35m
Creditors within 1 year£28.65m£29.66m£27.77m£28.40m£31.81m£32.08m£32.99m£35.28m£35.89m£34.21m£34.91m£42.34m
Long term creditors or provisions£432,000£950,000£350,000£0£0£0£0£0£1.41m£1.32m£1.48m£1.44m
Pension assets£-9,705,000£-3,201,000£-11,295,000£-10,714,000£-6,285,000£-12,580,000£-10,340,000£-15,765,000£-16,931,000£-35,653,000£-23,126,000£-19,659,000
Total assets£197.78m£209.00m£192.22m£198.22m£210.30m£204.47m£206.72m£205.65m£222.05m£218.21m£242.95m
Endowment funds£17.01m£26.52m£23.28m£25.09m£26.60m£28.50m£30.64m£33.73m£34.10m£38.16m£39.07m£40.07m
Restricted funds£175.48m£170.31m£164.77m£164.75m£162.46m£8.24m£8.17m£8.66m£18.70m£22.77m£20.59m£15.07m
Unrestricted funds£5.29m£12.16m£4.16m£8.38m£21.23m£167.74m£167.91m£163.26m£169.25m£157.29m£183.29m£199.52m
Total funds£197.78m£209.00m£192.22m£198.22m£210.30m£204.47m£206.72m£205.65m£222.05m£218.21m£242.95m£254.66m
Employees88793295195496698199310241057107010771078
Volunteers06211595817177
Consolidated accountsYesYesYesYesYesYesYesYesYesNoNoNo
Charity only accountsNoNoNoNoNoNoNoNoNoNoNoNo