O/MODERNT FOUNDATION
The objects of the CIO are for the public benefit to promote the education of the public on the subject of music by the organisation of public concerts and the presentation of performances of music, including, but not limited to, concerts, master classes, music camps, seminars, workshops and commissioning new works of music.
Financial health, per its FY2026 accounts
The accounts state that unrestricted reserves stood at £61,657 at the end of the financial year, an increase from the previous year's £28,392. The trustees report that all funds are unrestricted and required to pay fees and expenses, with no specific reserves policy target stated in the filing. The independent examiner confirmed that no matters came to their attention that would cause them to believe the financial statements were materially incorrect.
What the accounts disclose
“Donations totalled £259,868 (2025: £88,924), £259,200 of which was received from Stiftelsen O/Modernt, which is the CIO's counterpart not-for-profit corporate entity in Sweden.” — page 5
“No alteration has been made to the Trustees’ reserves policy which was last updated on 7 March 2023.”
“Mr Hugo Ticciati is a son of a trustee. During the year, he received fees for performances with the O/Modernt Chamber Orchestra, where he acts as leader. These fees were paid on an arm's length basis and are consistent with those paid to other section leaders.” — page 14
“Mr Oliver Ticciati, who is a trustee, was reimbursed expenses of €860 during the year. (2025: nil)” — page 14
“Mr Hugo Ticciati is a son of a trustee. During the year, he received fees for performances with the O/Modernt Chamber Orchestra, where he acts as leader. These fees were paid on an arm's length basis and are consistent with those paid to other section leaders.” — page 14
“Mr Oliver Ticciati, who is a trustee, was reimbursed expenses of €860 during the year. (2025: nil)” — page 14
Corporate structure
- Registered company of the charity Companies House CE013342
Funders the charity credits
- Stockholms stad
Trustees
- JONATHAN KEIR CARVELLchair
- Canon Professor Jonathan Ben Quash
- Emma Claire Bonnici
- Oliver Ticciati
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £456k | £423k |
| 31/03/2025 | £199k | £216k |
| 31/03/2024 | £227k | £197k |
| 31/03/2023 | £341k | £408k |
| 31/03/2022 | £292k | £217k |
Common questions
Is O/MODERNT FOUNDATION financially healthy?
Per its FY2026 accounts: The accounts state that unrestricted reserves stood at £61,657 at the end of the financial year, an increase from the previous year's £28,392. The trustees report that all funds are unrestricted and required to pay fees and expenses, with no specific reserves policy target stated in the filing. The independent examiner confirmed that no matters came to their attention that would cause them to believe the financial statements were materially incorrect. Its FY2026 accounts were independently examined.