THE ROYAL SHAKESPEARE COMPANY, STRATFORD-UPON-AVON

Registered charity 212481 · accounts filings on the Charity Commission register · also known as ROYAL SHAKESPEARE COMPANY - R S C, THE ROYAL SHAKESPEARE THEATRE STRATFORD-UPON-AVON

To conserve, advance and disseminate the dramatic heritage of Shakespeare and advance and improve the dramatic art in the UK and throughout the world; producing and presenting dramatic performances of all kinds and teaching, training and other educational activities. These objectives are achieved by the production of plays by Shakespeare, other classic playwrights and commissioning new work.

Causes: General Charitable Purposes · Education/training · Arts/culture/heritage/science · website · Get email alerts

Latest income
£82.0m
Latest spending
£84.4m
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net expenditure of £1.7 million for the year ended 31 March 2025, resulting in a reduction of total net assets from £130.5 million to £128.1 million. The trustees confirm that the organization has sufficient liquidity headroom to continue as a going concern, with unrestricted cash and investments totaling £31.3 million. However, the SORP-compliant free reserves were significantly lower at £3.1 million, down from £9.0 million in the prior year.

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

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (held: £3.1m)
“The Framework targets having a minimum level of liquid reserves of £16.0 million which is determined to be the amount required to cover unavoidable operating costs for approximately 3 months.” — page 23
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Clare Reddington has been a Trustee of Wise Children Limited since 2018, which invoiced the Corporation for the development costs and royalties in relation to the theatrical production of “Buddha of Suburbia” as well as other smaller projects for £301,322 (2024: £33,515).
“Clare Reddington has been a Trustee of Wise Children Limited since 2018, which invoiced the Corporation for the development costs and royalties in relation to the theatrical production of “Buddha of Suburbia” as well as other smaller projects for £301,322 (2024: £33,515). The balance owed at the end of the year was £Nil (2024: £Nil).” — page 81
“Despina Tsatsas is also an External Member of the Barbican Centre Board, a committee responsible for the activities and services of the Barbican Centre. During the year, the Corporation invoiced the Barbican Centre £2,281,128 (2024: £6,671,741) for theatre ticket sales for productions of “Buddha of Suburbia” and “A Midsummer Night’s Dream” that played in the West End.” — page 81
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Despina Tsatsas is also an External Member of the Barbican Centre Board... During the year, the Corporation invoiced the Barbican Centre £2,281,128 (2024: £6,671,741) for theatre ticket sales... The Corporation was also invoiced £1,029,947 (2024: £1,749,707) for various items including theatre rental, sales commission as well as charges for utilities, technical staff and catering.
“Clare Reddington has been a Trustee of Wise Children Limited since 2018, which invoiced the Corporation for the development costs and royalties in relation to the theatrical production of “Buddha of Suburbia” as well as other smaller projects for £301,322 (2024: £33,515). The balance owed at the end of the year was £Nil (2024: £Nil).” — page 81
“Despina Tsatsas is also an External Member of the Barbican Centre Board, a committee responsible for the activities and services of the Barbican Centre. During the year, the Corporation invoiced the Barbican Centre £2,281,128 (2024: £6,671,741) for theatre ticket sales for productions of “Buddha of Suburbia” and “A Midsummer Night’s Dream” that played in the West End.” — page 81
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Professor Emma Smith is an employee of University of Oxford, which during the year, invoiced the Corporation £15,224 (2024: £Nil) for delivery of interdisciplinary fellowship and game sets.
“Clare Reddington has been a Trustee of Wise Children Limited since 2018, which invoiced the Corporation for the development costs and royalties in relation to the theatrical production of “Buddha of Suburbia” as well as other smaller projects for £301,322 (2024: £33,515). The balance owed at the end of the year was £Nil (2024: £Nil).” — page 81
“Despina Tsatsas is also an External Member of the Barbican Centre Board, a committee responsible for the activities and services of the Barbican Centre. During the year, the Corporation invoiced the Barbican Centre £2,281,128 (2024: £6,671,741) for theatre ticket sales for productions of “Buddha of Suburbia” and “A Midsummer Night’s Dream” that played in the West End.” — page 81
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Sarah Ellis has been a Trustee of Figurative since 2023. The Corporation is in a receipt of a repayable finance from Arts & Culture Finance, which is now part of Figurative. During the year, the Corporation made a loan repayment including interest of £220,000 (2024: £15,032).
“Clare Reddington has been a Trustee of Wise Children Limited since 2018, which invoiced the Corporation for the development costs and royalties in relation to the theatrical production of “Buddha of Suburbia” as well as other smaller projects for £301,322 (2024: £33,515). The balance owed at the end of the year was £Nil (2024: £Nil).” — page 81
“Despina Tsatsas is also an External Member of the Barbican Centre Board, a committee responsible for the activities and services of the Barbican Centre. During the year, the Corporation invoiced the Barbican Centre £2,281,128 (2024: £6,671,741) for theatre ticket sales for productions of “Buddha of Suburbia” and “A Midsummer Night’s Dream” that played in the West End.” — page 81
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by BDO LLP. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — RSC (matched by registered charity number).

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Public profiles (found on the charity’s own website): facebook (229,077 likes) · instagram (209K followers)

Structured financials (annual return, FY ending 31/03/2025)

Total income
£82.0m
Total spending
£84.4m
Cost of raising funds
£1.9m
Reserves (reported)
£3.1m
Employees
1,029

Reported reserves equal ~0.4 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Charitable activities (78% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 2.4% of total income — below the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

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

Operates in: Scotland · Throughout England And Wales · United States

Income and spending

Financial year endIncomeSpending
31/03/2025£82.0m£84.4m
31/03/2024£92.2m£87.9m
31/03/2023£68.1m£68.1m
31/03/2022£39.7m£43.3m
31/03/2021£36.1m£34.8m

Common questions

Is THE ROYAL SHAKESPEARE COMPANY, STRATFORD-UPON-AVON financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £1.7 million for the year ended 31 March 2025, resulting in a reduction of total net assets from £130.5 million to £128.1 million. The trustees confirm that the organization has sufficient liquidity headroom to continue as a going concern, with unrestricted cash and investments totaling £31.3 million. However, the SORP-compliant free reserves were significantly lower at £3.1 million, down from £9.0 million in the prior year. Its FY2025 accounts were audited by BDO LLP.

Who funds THE ROYAL SHAKESPEARE COMPANY, STRATFORD-UPON-AVON?

Funders whose own accounts filings name THE ROYAL SHAKESPEARE COMPANY, STRATFORD-UPON-AVON as a grant recipient include JERWOOD FOUNDATION.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
JERWOOD FOUNDATIONFY2025£40kVoice Training for Actors: programme to support the development of vocal resilience for stage work

Government & lottery funding

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

FunderDateAmountPurpose
UK government04/03/2024£327kFuture Performance Institute - Artist-centred feasibility programme
UK government04/03/2024£162kFuture Performance Institute - Artist-centred feasibility programme
UK government07/02/2024£750kCapital Investment Programme
UK government20/10/2022£15.3mNational Portfolio Organisations
UK government20/10/2022£15.3mNational Portfolio Organisations
UK government01/01/2022£50kPerformance Demonstrator Follow On
UK government09/12/2021£15.3mNational Portfolio Organisations
UK government01/12/2020£723kImmersive performances of the future
UK government21/06/2017£15.3mNational Portfolio Organisations
The National Lottery Heritage Fund06/06/2017£1.1m"Heritage of the RSC's Costume Workshop"
The National Lottery Heritage Fund18/01/2011£2.9m"Royal Shakespeare Company Swan Wing Project"
The National Lottery Heritage Fund12/03/2004£49k"Joint Cultural Heritage Access Plan"
The National Lottery Heritage Fund02/06/1998£157k"Reg Wilson Photographic Collection - Acquisition"

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 THE PRIMARY SHAKESPEARE COMPANY.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE ROYAL SHAKESPEARE COMPANY, STRATFORD-UPON-AVON£82.0m——unclear—no doubt
THE PRIMARY SHAKESPEARE COMPANY FY2025£522k—0above—no doubt
ROYAL EXCHANGE THEATRE COMPANY LIMITED FY2025£7.3m——above—no doubt
SOUTH LONDON THEATRE CENTRE LIMITED FY2025£183k—0below—no doubt
BRISTOL OLD VIC AND THEATRE ROYAL TRUST LIMITED FY2025£7.6m£80,001 - £90,000—above—no doubt
COMPANY THREE THEATRE FY2025£554kUnder £60,0000unclear—no doubt

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