WELSH NATIONAL OPERA LIMITED

Registered charity 221538 · accounts filings on the Charity Commission register · also known as THE WELSH NATIONAL OPERA AND DRAMA COMPANY LIMITED, WNO

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.

Causes: Arts/culture/heritage/science · website · Get email alerts

Latest income
£18.0m
Latest spending
£18.3m
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the Group held unrestricted funds of £10.3m and calculated free reserves of £3m, which is above the stated minimum policy target of £1.5m. The Directors report a strong financial position with net incoming resources of £2.74m, supported by cash at bank of £3.99m and fixed asset investments valued at £5.98m.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Arts Councils (47% of income)
“Income sources comprised 47% from the Arts Councils, 16% trading income, 9% charitable activities, 10% donations, and 18% from other activities and TTR tax relief.” — page 9
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: £1.5m (held: £10.3m)
“The Group has set a minimum level of free reserves of £1.5m. This provides the Group with a short-term safety net in the event of unforeseen shortfalls in income and is based on a risk assessment of all the Group’s sources of income. This level of reserves is considered by the Board to be the appropriate acceptable level of free reserves to provide for the stability of the Group.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Welsh National Opera Endowment Fund (charity 1146595) was closed during the period, and its net assets and all funds were donated to Welsh National Opera Ltd. The total value of these assets totalled £1,071k and is included in donations within this year’s figures.
“Welsh National Opera Endowment Fund (charity 1146595). This charity was closed during our period, the net assets and all funds were donated to the Welsh National Opera Ltd. The total value of these assets totalled £1,071k and is included in donations within this years’ figures.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Bevan Buckland LLP. Discloses 4 of 6 completeness components.

Corporate structure

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£18.0m
Total spending
£18.3m
Cost of raising funds
£176k
Reserves (reported)
£7.0m
Employees
232

Reported reserves equal ~4.6 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, cost of raising funds: 1.0% of total income — below the median for charities its size (3.8%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/08/2025£18.0m£18.3m
31/08/2024£18.3m£20.6m
31/08/2023£18.2m£20.7m
31/08/2022£18.2m£20.2m
31/08/2021£13.7m£11.9m

Common questions

Is WELSH NATIONAL OPERA LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the Group held unrestricted funds of £10.3m and calculated free reserves of £3m, which is above the stated minimum policy target of £1.5m. The Directors report a strong financial position with net incoming resources of £2.74m, supported by cash at bank of £3.99m and fixed asset investments valued at £5.98m. Its FY2025 accounts were audited by Bevan Buckland LLP.

Who funds WELSH NATIONAL OPERA LIMITED?

Funders whose own accounts filings name WELSH NATIONAL OPERA LIMITED as a grant recipient include CYNGOR CELFYDDYDAU CYMRU, JOHN ELLERMAN FOUNDATION, THE CLIVE RICHARDS FOUNDATION, WILLIAM ADLINGTON CADBURY CHARITABLE TRUST, Laidlaw Opera Trust.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
CYNGOR CELFYDDYDAU CYMRUFY2023£4.7mCore funding
JOHN ELLERMAN FOUNDATIONFY2022£120kTowards core costs to fulfil WNO’s wider strategic vision with a particular focus on the staging of new and updated works.
CYNGOR CELFYDDYDAU CYMRUFY2023£47kCost-of-living support
THE CLIVE RICHARDS FOUNDATIONFY2025£35k
WILLIAM ADLINGTON CADBURY CHARITABLE TRUSTFY2022£20kThe Arts
Laidlaw Opera TrustFY2025£10kUnrestricted grant
THE SIMON GIBSON CHARITABLE TRUSTFY2023£10k
THE KIRBY LAING FOUNDATIONFY2023£10kThe Arts
THE JOYCE FLETCHER CHARITABLE TRUSTFY2025£10k
THE MARTIN LAING FOUNDATIONFY2024£10kWNO Community Programmes & Engagement - WNO Teach
THE MARTIN LAING FOUNDATIONFY2023£10kCultural & Environmental
THE KIRBY LAING FOUNDATIONFY2021£10k
THE MARTIN LAING FOUNDATIONFY2022£10kCultural & Environmental
THE MICHAEL MARKS CHARITABLE TRUSTFY2025£10k
THE JOYCE FLETCHER CHARITABLE TRUSTFY2023£8k
THE JOHN S COHEN FOUNDATIONFY2022£8kArts
THE GIBBS CHARITABLE TRUSTSFY2022£6kArts, Drama and Music
THE GIBBS CHARITABLE TRUSTSFY2025£6kArts, Drama and Music
THE GIBBS CHARITABLE TRUSTSFY2023£6kArts, Drama and Music
THE THOMAS HOWELL'S EDUCATION FUND FOR NORTH WALESFY2022£5kNot specified in list.
MARGARET DAVIES CHARITYFY2022£5k
THE THOMAS HOWELL'S EDUCATION FUND FOR NORTH WALESFY2024£5kSupport for pupils in disadvantaged communities
STANLEY PICKER TRUSTFY2025£5kEducational Grants - Bursaries
THE JOYCE FLETCHER CHARITABLE TRUSTFY2022£5k
THE SIMON GIBSON CHARITABLE TRUSTFY2022£5k
THE JENOUR FOUNDATIONFY2022£5k
STANLEY PICKER TRUSTFY2024£5kEducational Grants - Bursaries
THE KIRBY LAING FOUNDATIONFY2022£5kCulture and the environment
THE RIX-THOMPSON-ROTHENBERG FOUNDATIONFY2021£4k
THE IDLEWILD TRUSTFY2023£4k
THE NOEL COWARD FOUNDATIONFY2025£3kAssociate Artists training programme
DR RADCLIFFE'S TRUSTFY2024£3kWNO Teach
FRAZER TRUSTFY2024£3kLeisure activities, animals and wildlife
FRAZER TRUSTFY2025£3kLeisure activities, animals and wildlife
FRAZER TRUSTFY2022£2k
THE GIBBS CHARITABLE TRUSTSFY2024£2kArts, Drama and Music
FRAZER TRUSTFY2023£2kChildren
THE OAKDALE TRUSTFY2023£2k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund01/11/2022£10k"Community programme celebrating the cultural tradition of Male Voice Choirs"
UK government20/10/2022£4.0mNational Portfolio Organisations
UK government20/10/2022£4.0mNational Portfolio Organisations
The National Lottery Community Fund21/09/2022£41kCradle
The National Lottery Community Fund15/02/2021£6kCovid - 19 WNO Cradle Choir
The National Lottery Community Fund14/01/2020£9kCradle
The National Lottery Community Fund10/12/2018£9kCradle
The National Lottery Heritage Fund28/01/2016£10k"In Parenthesis Youth & Community Activity"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with NATIONAL DANCE COMPANY WALES.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
WELSH NATIONAL OPERA LIMITED£18.0m——unclear—no doubt
NATIONAL DANCE COMPANY WALES FY2025£1.4m—0unclear—no doubt
ENGLISH NATIONAL OPERA FY2025£26.9m——below—no doubt
THEATR GENEDLAETHOL CYMRU FY2025£1.5m£60,001 - £70,0002unclear—no doubt
NATIONAL OPERA STUDIO FY2025£1.2m£60,001 - £70,0002below—no doubt
OPERAGLASS WORKS LTD FY2025£53k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.