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Dateline:
26th September, 2003
The National Theatre Annual Report
for 2002-2003
Financial Report
- The National achieved a surplus of £58,000 on its operations
for the year ended 30 March 2003 which took the accumulated operating
surplus to £157,000.
- Box office attendance averaged 80% across the year but total income
fell reflecting reduced ticket prices and a smaller seating capacity
in the Lyttelton during the six month Transformation season.
- The bookshop performance sales revenue exceeded £1m for the
first time.
- Sponsorship and donation income received for operational activities
and restricted projects exceeded £5.1m, representing an increase
of £1.7m on the previous year.
- The cost of performances and activities represents over 60% of the
National’s total expenditure.
- The National received an additional £1m in its revenue grant
for the financial year ended 30 March 2003 which took the grant to
£13.8m and resulted in the Arts Council main grant accounting
for 35% of total income compared to 34% in the previous year.
- The National is pleased to have secured additional revenue grants
from ACE of £1.55m from 1 April 2004 and a further £0.9m
from 1 April 2005.
Income and Expenditure Account
| |
|
2002
£000s
|
| Income |
24,541
|
24,090
|
| Expenditure |
39,269
|
36,745
|
| Net operating deficit before
grants |
(14,728)
|
(12,655)
|
| Revenue grants |
14,986
|
13,580
|
| Operating surplus |
258
|
925
|
| Transfer to Building and
Equipment Reserve |
(200)
|
(200)
|
| |
|
|
| Surplus for period transferred
to Operations Fund |
58
|
725 |
| Income |
|
| Arts Council England grant |
35% |
| Self-generated income |
62% |
| Other projects & touring
grants |
3% |
| |
|
| Expenditure |
|
| Cost of performances &
activities |
61%
|
| Other operating costs including
trading |
39% |
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