THEATRE DEVELOPMENT TRUST
The principal activity of the charity is to promote and advance the dramatic and other performing arts for the benefit of the public through supporting the work of various charitable foundations together with the provision of grants to people in the arts.
Objects
TO PROMOTE AND ADVANCE THE DRAMATIC AND OTHER PERFORMING ARTS FOR THE BENEFIT OF THE PUBLIC
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £4,329,978, which is above its stated policy target of £2.6m. The charity reported a net movement in funds of £394,888 for the year, driven largely by investment gains and the liquidation of investments to repay a significant loan. The trustees confirm that assets are sufficient to meet obligations and that the charity is a going concern.
What the accounts disclose
“The Board has set the reserves policy as follows: -To hold 15% of the carrying value of the fixed asset investment -In addition, to hold 3 months of projected annual grant payments”
“In additions there is a £60,000 management fee charged by SOLT to TDT (2024: £60,000), which in 2024 was included in trade creditors at year end.”
“Within the year a loan from Society of London Theatre to the Theatre Development Trust of £11,150,000 was repaid.” — page 23
“In additions there is a £60,000 management fee charged by SOLT to TDT (2024: £60,000), which in 2024 was included in trade creditors at year end.”
“Within the year a loan from Society of London Theatre to the Theatre Development Trust of £11,150,000 was repaid.” — page 23
“In additions there is a £60,000 management fee charged by SOLT to TDT (2024: £60,000), which in 2024 was included in trade creditors at year end.”
“Within the year a loan from Society of London Theatre to the Theatre Development Trust of £11,150,000 was repaid.” — page 23
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Grant-making is its main activity
Corporate structure
- Registered company of the charity Companies House 01928541
Company officers (Companies House)
- BAKER, Tristan Michael Douglas on trustee list
- WAX, Kenneth Howard on trustee list
- RAWLINSON, Andrew on trustee list
- BOURNE, Griselda Rose on trustee list
- WILLIAMS, Anna Elizabeth on trustee list
- BIRD, Thomas William on trustee list
- COLLIER, Andrew James Neville on trustee list
- FINCH, Henrietta Lucy Anne on trustee list
- FINCH, Alan Arthur not on trustee list
- BENNETT, Kathryn Ruth on trustee list
- GAVIN, Alexander Rupert, Sir on trustee list
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Kathryn Ruth Bennettchair
- Andrew Collier
- Andrew Rawlinson
- Anna Elizabeth Williams
- Griselda Bourne
- HENRIETTA FINCH
- Kenneth Howard Wax
- MARK GABRIEL RUBINSTEIN
- Sir Alexander Rupert Gavin
- Thomas William Bird
- Tristan Michael Douglas Baker
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £434k | £1.1m |
| 31/12/2024 | £1.0m | £1.3m |
| 31/12/2023 | £690k | £1.3m |
| 31/12/2022 | £1.5m | £2.7m |
| 31/12/2021 | £5.0m | £3.9m |
Common questions
Is THEATRE DEVELOPMENT TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £4,329,978, which is above its stated policy target of £2.6m. The charity reported a net movement in funds of £394,888 for the year, driven largely by investment gains and the liquidation of investments to repay a significant loan. The trustees confirm that assets are sufficient to meet obligations and that the charity is a going concern. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Who funds THEATRE DEVELOPMENT TRUST?
Funders whose own accounts filings name THEATRE DEVELOPMENT TRUST as a grant recipient include THE GATSBY CHARITABLE FOUNDATION, MOONDANCE FOUNDATION, BACKSTAGE TRUST, HUO FAMILY FOUNDATION (UK) LIMITED, THE JOHN COATES CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE GATSBY CHARITABLE FOUNDATION | FY2022 | £1.3m | Towards providing hardship support to artists and theatre workers adversely affected by the COVID-19 pandemic. |
| MOONDANCE FOUNDATION | FY2023 | £750k | |
| BACKSTAGE TRUST | FY2023 | £387k | Creative Workforce Pilot Programme |
| BACKSTAGE TRUST | FY2023 | £387k | |
| BACKSTAGE TRUST | FY2025 | £317k | Final stages of Creative Workforce Pilot Programme |
| BACKSTAGE TRUST | FY2022 | £250k | Additional grant to Theatre Artists Fund for emergency support for theatre workers |
| BACKSTAGE TRUST | FY2022 | £250k | |
| HUO FAMILY FOUNDATION (UK) LIMITED | FY2021 | £138k | Support for freelancers (Theatre Artists Fund) |
| HUO FAMILY FOUNDATION (UK) LIMITED | FY2022 | £66k | |
| THE JOHN COATES CHARITABLE TRUST | FY2023 | £10k | |
| CATKIN PUSSYWILLOW CHARITABLE TRUST | FY2022 | £6k | |
| THE PORTRACK CHARITABLE TRUST | FY2021 | £5k | |
| THE JOHN COATES CHARITABLE TRUST | FY2022 | amount not stated |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE RANDAL CHARITABLE FOUNDATION | 1 | £300k |
| THE HEADLEY TRUST | 1 | £33k |
| PETER STORMONTH DARLING CHARITABLE TRUST | 1 | £28k |
| THE GEORGE GOODSIR CHARITABLE TRUST | 1 | £10k |
| THE AUSTIN AND HOPE PILKINGTON TRUST | 1 | £5k |
| The Patricia Routledge Foundation | 1 | £3k |
Charities like this
- SCARBOROUGH THEATRE DEVELOPMENT TRUST
- LEICESTER THEATRE TRUST LIMITED
- THEATRE WORKS
- WICKHAM THEATRE TRUST
- THE UPSTAGERS THEATRE CHARITY LIMITED
- THE ROYAL THEATRICAL SUPPORT TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THEATRE DEVELOPMENT TRUST | £434k | — | 0 | above | — | no doubt |
| SCARBOROUGH THEATRE DEVELOPMENT TRUST | £489k | — | 0 | unclear | — | no doubt |
| LEICESTER THEATRE TRUST LIMITED | £18.5m | — | — | unclear | — | no doubt |
| THEATRE WORKS | £159k | — | — | above | — | no doubt |
| WICKHAM THEATRE TRUST | £44k | — | 0 | unclear | — | no doubt |
| THE UPSTAGERS THEATRE CHARITY LIMITED | £93k | — | 0 | unclear | — | no doubt |