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Dateline: 12th November, 2004
RSC to Eliminate Deficit This Year Operating Surpus in 2003-4 Launching its Annual Report and Accounts for 2003-4 at the Company’s Annual General Meeting, the RSC has announced better than anticipated financial results including a reduction in the accumulated deficit from £2.8 million to £400,000. The RSC intends to eliminate the deficit completely this year.
Reduced spending across the organisation and healthy box office results have led to an operating surplus for the year of £2.4 million.
The financial picture for the current financial year continues to demonstrate improved control of the Company’s finances. Box Office takings from the 2004 Stratford Festival Season exceeded target, producing the best set of results in the Royal Shakespeare Theatre for more than ten years.
Writing in his first Annual Report and Accounts, the RSC’s Chairman of the Board Sir Christopher Bland said, “This year’s Annual Report and Accounts report on a period of transition for the Company, marked by a new clarity about our ambitions, renewed confidence in our artistic direction and improved finances. Success on stage and efficiency backstage have, between them, brought our finances back into balance.”
The Company’s AGM takes place in Stratford just over a week before the RSC opens its six month London Season at the Albery Theatre (on 23 November). For every performance, 50 tickets for seats throughout the auditorium will be available to young people aged 16-25 for £5. >> A Summary of the Annual Report Please note that all three Archive indices are very long and will therefore take some time to download.
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