BRISTOL OLD VIC AND THEATRE ROYAL 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.
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.
What the accounts disclose
“More than £80,000 and less than £90,000 2 . 2” — page 27
“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
“In 2024/25 the Trustees set a reserves policy of £618k of unrestricted reserves” — page 9
“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
“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
“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
“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
“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
“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
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2024) to "above" (FY2025).
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
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
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (18/03/2019)
Trustees
- Aisha Thomas
- Anna-Sophie Beatrice Brendel
- BERNARD DONOGHUE
- Christopher Francis Sharp
- Craig Cheney
- Elisabeth Byrne
- Katherine Frances Anthony Wilkinson
- LaToyah McAllister-Jones
- Laura Frude
- Nicholas Aaron Jeremy Lee
- The Very Reverend Amanda Kirstine Ford
- Timi Oni
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| JOHN ELLERMAN FOUNDATION | FY2022 | £120k | Towards supporting the Ferment programme, which is centred on developing, commissioning and co-producing early to mid-career artists. |
| THE HAROLD HYAM WINGATE FOUNDATION | FY2022 | £5k | |
| THE HAROLD HYAM WINGATE FOUNDATION | FY2023 | £4k | |
| THE PORTISHEAD NAUTICAL TRUST | FY2021 | £2k | |
| THE REED FOUNDATION | FY2021 | amount not stated |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 20/10/2022 | £1.3m | National Portfolio Organisations |
| UK government | 20/10/2022 | £1.3m | National Portfolio Organisations |
| UK government | 13/12/2021 | £1.3m | National Portfolio Organisations |
| The National Lottery Heritage Fund | 08/09/2021 | £250k | "Unscripted: a performative history project connecting BristolÂ’s Communities" |
| UK government | 14/05/2020 | £14k | MyWorld |
| UK government | 14/05/2020 | £99k | MyWorld |
| The National Lottery Heritage Fund | 21/07/2015 | £2.5m | "Protecting and sharing the heritage of Britain's oldest theatre" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AUSTIN AND HOPE PILKINGTON TRUST | 2 | £10k |
| THE OLD VIC ENDOWMENT TRUST | 1 | £3.6m |
| National Philanthropic Trust UK Limited | 1 | £2.0m |
| THE RANDAL CHARITABLE FOUNDATION | 1 | £300k |
| THE FOYLE FOUNDATION | 1 | £200k |
| THE GOSLING FOUNDATION LIMITED | 1 | £100k |
| THE KIRBY LAING FOUNDATION | 1 | £50k |
| THE HEADLEY TRUST | 1 | £33k |
Charities like this
- THE OLD VIC ENDOWMENT TRUST
- NEWCASTLE THEATRE ROYAL TRUST LIMITED
- THE OLD VIC THEATRE TRUST 2000
- LEICESTER THEATRE TRUST LIMITED
- CARLTON LITTLE THEATRE TRUST
- LONDON HISTORIC BUILDINGS TRUST LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BRISTOL OLD VIC AND THEATRE ROYAL TRUST LIMITED | £7.6m | More than £80,000 and less than £90,000 | 5 | above | — | no doubt |
| THE OLD VIC ENDOWMENT TRUST | £106k | — | 0 | unclear | — | no doubt |
| NEWCASTLE THEATRE ROYAL TRUST LIMITED | £16.3m | — | — | unclear | — | no doubt |
| THE OLD VIC THEATRE TRUST 2000 | £25.5m | — | 17 | unclear | — | no doubt |
| LEICESTER THEATRE TRUST LIMITED | £18.5m | — | — | unclear | — | no doubt |
| CARLTON LITTLE THEATRE TRUST | £54k | — | 0 | below | — | no doubt |