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
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
- Shriti Vadera — Chair (source)
- Mark Thompson — Co-Deputy Chair (source)
- Andrew Miller — Co-Deputy Chair (source)
- Tamara Harvey — Co-Artistic Director (source)
- Daniel Evans — Co-Artistic Director (source)
- Andrew Leveson — Executive Director (source)
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).
- The Gatsby Charitable Foundation — “The RSC Acting Companies are generously supported by The Gatsby Charitable Foundation” (source page)
- Hawthornden Foundation — “New Work at the RSC is generously supported by Hawthornden Foundation and The Drue and H.J. Heinz II Charitable Trust” (source page)
- The Drue and H.J. Heinz II Charitable Trust — “New Work at the RSC is generously supported by Hawthornden Foundation and The Drue and H.J. Heinz II Charitable Trust” (source page)
- Culture Recovery Fund — “The work of the RSC is supported by the Culture Recovery Fund” (source page)
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)
Cost of raising funds
£1.9m
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).
Trustee list from the Charity Commission register (current, not historical).
Operates in: Scotland · Throughout England And Wales · United States
Income and spending
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.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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
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