ROYAL EXCHANGE THEATRE COMPANY LIMITED

Registered charity 255424 · accounts filings on the Charity Commission register · also known as 69 THEATRE COMPANY LIMITED

Production of plays and other artistic activities

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

Latest income
£7.3m
Latest spending
£8.1m
Registered
1968
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net expenditure of £752,000 for the year, resulting in a decrease in unrestricted reserves from £3.2m to £2.8m. While the trustees confirm adequate liquidity and a going concern basis, the filing notes significant reliance on Arts Council England grant funding to balance income and expenditure annually.

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

What the accounts disclose

Reserves policy: £800k (held: £2.8m)
“Overall we believe that a figure of £800k of free reserves (unrestricted funds not invested in fixed assets or irrevocably committed for other purposes) is reasonable.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Costs recharged to subsidiary Exchange Productions Limited
“Exchange Productions Limited, a subsidiary, acts as a production company for the charity. Exchange Productions Limited, in turn, subcontracts the production of its show to the charity. The costs incurred by Royal Exchange Theatre Company Limited are recharged to Exchange Productions Limited: these totalled £5,352,359 (2024: £5,393,688) in the year.” — page 41
“Donations from trustees amounted to £29 (2024: £119,911). This amount includes both donations from individuals and donations from trusts and companies related to trustees.” — page 41
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations from trustees
“Exchange Productions Limited, a subsidiary, acts as a production company for the charity. Exchange Productions Limited, in turn, subcontracts the production of its show to the charity. The costs incurred by Royal Exchange Theatre Company Limited are recharged to Exchange Productions Limited: these totalled £5,352,359 (2024: £5,393,688) in the year.” — page 41
“Donations from trustees amounted to £29 (2024: £119,911). This amount includes both donations from individuals and donations from trusts and companies related to trustees.” — page 41
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Royal Exchange Theatre Trading Limited, Exchange Productions Limited
“These subsidiaries are Royal Exchange Theatre Trading Limited and Exchange Productions Limited.”
Per its FY2025 accounts as filed with the Charity Commission.

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

Funders the charity credits

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

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold); recorded price paid £67k. 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
£7.3m
Total spending
£8.1m
Cost of raising funds
£973k
Reserves (reported)
£2.8m
Employees
175

Reported reserves equal ~4.2 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (39% 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: 13.3% of total income — above the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Cheshire East · Cheshire West & Chester · Lancashire · Manchester City

Income and spending

Financial year endIncomeSpending
31/03/2025£7.3m£8.1m
31/03/2024£7.9m£8.3m
31/03/2023£6.0m£6.8m
31/03/2022£6.1m£5.7m
31/03/2021£2.8m£2.6m

Common questions

Is ROYAL EXCHANGE THEATRE COMPANY LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £752,000 for the year, resulting in a decrease in unrestricted reserves from £3.2m to £2.8m. While the trustees confirm adequate liquidity and a going concern basis, the filing notes significant reliance on Arts Council England grant funding to balance income and expenditure annually. Its FY2025 accounts were audited by Menzies LLP.

Who funds ROYAL EXCHANGE THEATRE COMPANY LIMITED?

Funders whose own accounts filings name ROYAL EXCHANGE THEATRE COMPANY LIMITED as a grant recipient include THE MACKINTOSH FOUNDATION.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
THE MACKINTOSH FOUNDATIONFY2024£11k

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund12/12/2025£186k"THE HOMECOMING: 50 years of the Royal Exchange Theatre - A Celebration of Costume, Craft & Storytelling"

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 ROYAL SHAKESPEARE COMPANY, STRATFORD-UPON-AVON.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
ROYAL EXCHANGE THEATRE COMPANY LIMITED£7.3m——above—no doubt
THE ROYAL SHAKESPEARE COMPANY, STRATFORD-UPON-AVON FY2025£82.0m——unclear—no doubt
NOTTINGHAM ARTS THEATRE LIMITED FY2025£370k—0unclear—no doubt
THE LOWRY CENTRE TRUST FY2025£30.5m——above—no doubt
NEWCASTLE THEATRE ROYAL TRUST LIMITED FY2025£16.3m——unclear—no doubt
THE TORCH THEATRE COMPANY LIMITED FY2025£1.9m—0below—no doubt

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