BRISTOL OLD VIC AND THEATRE ROYAL TRUST LIMITED

Registered charity 228235 · accounts filings on the Charity Commission register · also known as THE BRISTOL OLD VIC TRUST LIMITED

To produce year-round seasons of high quality, exciting drama in the historic auditorium serviced by a fit-for-purpose 21st century facilityTo provide an extensive programme of outreach work inspired by the repertoire and the needs of the local and regional communitiesTo take the lead in the local and regional theatre and cultural sceneTo safeguard the heritage of the Theatre Royal building

Objects

1) TO PROMOTE AND ADVANCE EDUCATION AND, IN PARTICULAR, THE EDUCATION OF THE PUBLIC IN THE APPRECIATION AND UNDERSTANDING OF THE DRAMATIC AND MUSICAL ARTS IN ALL THEIR FORMS; AND 2) TO CONSERVE, DEVELOP AND ENHANCE THE PREMISES KNOWN AS THE THEATRE ROYAL, BRISTOL FOR THE BENEFIT OF THE PUBLIC, AS A WORKING THEATRE AND A PLACE WITH HISTORIC ASSOCIATIONS.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Arts/culture/heritage/science · Environment/conservation/heritage · Grant history (this charity is a funder) · website · Get email alerts

Registered contact address: Bristol, City of, South West, England (from the postcode on the register)

Received the assets of THEATRE ROYAL BRISTOL (charity 1030885) — merger registered 08/07/2010.
Source: Charity Commission register of merged charities (OGL v3.0).
Latest income
£7.6m
Latest spending
£9.3m
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net deficit of £1,018k for the year, driven by rising costs in staff wages, energy, and materials. Despite this deficit, the charity holds unrestricted reserves of £1,179k, which remains above its stated policy limit of £618k, and the auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern.

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

What the accounts disclose

Highest-paid employee band: More than £80,000 and less than £90,000 — above the median for charities its size (£70k)
“More than £80,000 and less than £90,000 2 . 2” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 5
“More than £80,000 and less than £90,000 2 . 2 More than £70,000 and less than £80,000 i) vv) More than £60,000 and less than £70,000 2 2” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: £618k (reserves figure: £1.2m)
“In 2024/25 the Trustees set a reserves policy of £618k of unrestricted reserves” — page 9
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Bernard Donoghue was paid £8,133 in his capacity as Chair.
“No remuneration was paid to any Trustees in respect of their office except Bernard Donoghue who was paid £8,133 (2024: £8 133) in his capacity as Chair under the authorisation given by the Charity Commission in its order dated 22 February 2008.” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Arts Council England provides essential core funding in support of the artistic programme and other activities. There is a Funding Agreement that details the respective responsibilities of both parties, and representatives receive regular information and can attend board meetings as observers.
“Arts Council England provides essential core funding in support of the artistic programme and other activities. There is a Funding Agreement that details the respective responsibilities of both parties, and representatives receive regular information and can attend board meetings as observers.” — page 13
“The wholly owned subsidiary company, Bristol Old Vic Production Company Limited, was established to act as producer for Bristol Old Vic productions that are eligible to claim Theatre Production Tax Relief.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The wholly owned subsidiary company, Bristol Old Vic Production Company Limited, was established to act as producer for Bristol Old Vic productions that are eligible to claim Theatre Production Tax Relief.
“Arts Council England provides essential core funding in support of the artistic programme and other activities. There is a Funding Agreement that details the respective responsibilities of both parties, and representatives receive regular information and can attend board meetings as observers.” — page 13
“The wholly owned subsidiary company, Bristol Old Vic Production Company Limited, was established to act as producer for Bristol Old Vic productions that are eligible to claim Theatre Production Tax Relief.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The wholly owned subsidiary company, Bristol Old Vic Film Limited, was established to act as producer of filmed productions.
“Arts Council England provides essential core funding in support of the artistic programme and other activities. There is a Funding Agreement that details the respective responsibilities of both parties, and representatives receive regular information and can attend board meetings as observers.” — page 13
“The wholly owned subsidiary company, Bristol Old Vic Production Company Limited, was established to act as producer for Bristol Old Vic productions that are eligible to claim Theatre Production Tax Relief.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: During the year Bristol Old Vic & Theatre Royal Trust Limited and its subsidiaries transacted with the following organisations with whom it shares mutual Trustees as follows: Bristol Old Vic (Trading) Limited, Bristol Old Vic Film Limited, Bristol Old Vic Production Company Limited
“Arts Council England provides essential core funding in support of the artistic programme and other activities. There is a Funding Agreement that details the respective responsibilities of both parties, and representatives receive regular information and can attend board meetings as observers.” — page 13
“The wholly owned subsidiary company, Bristol Old Vic Production Company Limited, was established to act as producer for Bristol Old Vic productions that are eligible to claim Theatre Production Tax Relief.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Bristol Old Vic (Trading) Limited, Bristol Old Vic Production Company Limited, Bristol Old Vic Film Limited
“These financial statements consolidate the results of the charity and its wholly owned subsidiaries, Bristol Old Vic (Trading) Limited, Bristol Old Vic Production Company Limited and Bristol Old Vic Film Limited, on a line-by-line basis.” — page 22
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Bishop Fleming Audit Limited. Discloses 6 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Self-declared on the annual return for the financial year ending 31/03/2025

  • Government income: £1,250,000 — grants £1,250,000 (1); 16% of the £7,626,759 total gross income on the same return
  • Employees paid over £60,000: 4 (£60,001–£70,000: 2; £80,001–£90,000: 2)
  • Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for acting as trustee
  • Has a trading subsidiary

Self-declared on the annual return for the financial year ending 31/03/2024

  • Volunteers: 140
  • Government income: £1,359,853 — grants £1,359,853 (2); 21% of the £6,531,777 total gross income on the same return
  • Employees paid over £60,000: 4 (£60,001–£70,000: 2; £80,001–£90,000: 2)
  • Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for acting as trustee
  • Has a trading subsidiary

Self-declared on the annual return for the financial year ending 31/03/2023

  • Volunteers: 85
  • Government income: £1,420,000 — grants £1,420,000 (3); 24% of the £5,798,218 total gross income on the same return
  • Employees paid over £60,000: 1 (£80,001–£90,000: 1)
  • Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for acting as trustee
  • Has a trading subsidiary

Source: this charity’s annual returns on the Charity Commission register.

Property (HM Land Registry)

1 registered title 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.

Public profiles (found on the charity’s own website): facebook · instagram

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

Total income
£7.6m
Total spending
£9.3m
Cost of raising funds
£671k
Reserves (reported)
£249k
Employees
221

Reported reserves equal ~0.3 months of spending — in the bottom quarter for charities its size (median 4.7 months; benchmarks).

Per its annual return, largest income source: Charitable activities (56% 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: 8.8% of total income — above the median for charities its size (5.3%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Bristol City

Income and spending

Financial year endIncomeSpending
31/03/2025£7.6m£9.3m
31/03/2024£6.5m£8.2m
31/03/2023£5.8m£7.4m
31/03/2022£5.6m£6.8m
31/03/2021£3.8m£4.1m

Common questions

Is BRISTOL OLD VIC AND THEATRE ROYAL TRUST LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £1,018k for the year, driven by rising costs in staff wages, energy, and materials. Despite this deficit, the charity holds unrestricted reserves of £1,179k, which remains above its stated policy limit of £618k, and the auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were audited by Bishop Fleming Audit Limited.

What does the highest-paid employee of BRISTOL OLD VIC AND THEATRE ROYAL TRUST LIMITED earn?

Per its FY2025 accounts, the highest-paid employee was in the More than £80,000 and less than £90,000 band, and 5 employees earned over £60,000.

Who funds BRISTOL OLD VIC AND THEATRE ROYAL TRUST LIMITED?

Funders whose own accounts filings name BRISTOL OLD VIC AND THEATRE ROYAL TRUST LIMITED as a grant recipient include JOHN ELLERMAN FOUNDATION, THE HAROLD HYAM WINGATE FOUNDATION, THE PORTISHEAD NAUTICAL TRUST, THE REED FOUNDATION.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
JOHN ELLERMAN FOUNDATIONFY2022£120kTowards supporting the Ferment programme, which is centred on developing, commissioning and co-producing early to mid-career artists.
THE HAROLD HYAM WINGATE FOUNDATIONFY2022£5k
THE HAROLD HYAM WINGATE FOUNDATIONFY2023£4k
THE PORTISHEAD NAUTICAL TRUSTFY2021£2k
THE REED FOUNDATIONFY2021amount not stated

Government & lottery funding

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

FunderDateAmountPurpose
UK government20/10/2022£1.3mNational Portfolio Organisations
UK government20/10/2022£1.3mNational Portfolio Organisations
UK government13/12/2021£1.3mNational Portfolio Organisations
The National Lottery Heritage Fund08/09/2021£250k"Unscripted: a performative history project connecting BristolÂ’s Communities"
UK government14/05/2020£14kMyWorld
UK government14/05/2020£99kMyWorld
The National Lottery Heritage Fund21/07/2015£2.5m"Protecting and sharing the heritage of Britain's oldest theatre"

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 OLD VIC ENDOWMENT TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
BRISTOL OLD VIC AND THEATRE ROYAL TRUST LIMITED£7.6mMore than £80,000 and less than £90,0005above—no doubt
THE OLD VIC ENDOWMENT TRUST FY2025£106k—0unclear—no doubt
NEWCASTLE THEATRE ROYAL TRUST LIMITED FY2025£16.3m——unclear—no doubt
THE OLD VIC THEATRE TRUST 2000 FY2025£25.5m—17unclear—no doubt
LEICESTER THEATRE TRUST LIMITED FY2025£18.5m——unclear—no doubt
CARLTON LITTLE THEATRE TRUST FY2025£54k—0below—no doubt

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