OPERA NORTH FUTURE FUND
Financial health, per its FY2024 accounts
The accounts state that free/unrestricted reserves were £5,607, which the trustees consider sufficient to cover general governance and support costs. The charity reported a net movement in funds of a loss of £145,365 for the year, primarily driven by charitable expenditure exceeding incoming resources. The trustees confirm adequate resources exist to continue operations for at least 12 months.
What the accounts disclose
“Free reserves of £5,000 are considered sufficient to cover general governance and support costs.”
Trustees
- REBECCA HELEN BLETCHERchair
- Laura Frances Canning
- PAUL ANTHONY LEE
- Rebecca Campbell
- Richard Thomas Quayle
- Virginia Lloyd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £121k | £167k |
| 31/03/2024 | £138k | £324k |
| 31/03/2023 | £185k | £244k |
| 31/03/2022 | £235k | £371k |
| 31/03/2021 | £254k | £68k |
Common questions
Is OPERA NORTH FUTURE FUND financially healthy?
The accounts state that free/unrestricted reserves were £5,607, which the trustees consider sufficient to cover general governance and support costs. The charity reported a net movement in funds of a loss of £145,365 for the year, primarily driven by charitable expenditure exceeding incoming resources. The trustees confirm adequate resources exist to continue operations for at least 12 months. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE THOMPSON FAMILY CHARITABLE TRUST | 2 | £1.0m |
| THE BAND TRUST | 2 | £775k |
| THE HEADLEY TRUST | 2 | £50k |
| CHK Foundation | 2 | £20k |
| THE MASTER CHARITABLE TRUST | 1 | £14.9m |
| THE MOHN WESTLAKE FOUNDATION | 1 | £5.8m |
| GARFIELD WESTON FOUNDATION | 1 | £5.0m |
| THE ROYAL OPERA HOUSE ENDOWMENT FUND 2000 | 1 | £2.3m |