Overall GiG Score: 11 ?
Finance Score: -6
Governance Score: 5
Support Score: 12
  • Spending falling: -1
  • Multiple Deficits and declines: -5
  • Good trustee age range: +3
  • Dynamic board: +3
  • Mainly female board: -1
  • Grant maker support: +12

ROYAL EXCHANGE THEATRE COMPANY LIMITED 

Production of plays and other artistic activities
Analysis by Giving is Great

Positives:

  • A significant proportion of recent income was derived from major grant makers including the Government
  • The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • The Board is predominantly female
  • Over half the Board have joined recently

Financial issues to consider:

  • There has been a change of accounting period recently, so trends may be hard to determine
  • Spending has fallen significantly over the last 5 years relative to the previous period
  • Income has been volatile and on several occasions in recent years less than spending
Established: 56 years

www.royalexchange.co.uk

steve.freeman@royalexchange.co.uk

01618339333

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
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Financial Data ?

Income & Spending ?
N.B. data has been adjusted to reflect year end change
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/03/23£6,003£6,826£-823£621£5,861£3,7576.611790
31/03/22*£6,091£5,658£433£445£6,684£3,4227.396120
31/03/21?£2,772£2,638£134£147£6,251£1,7928.2770
31/08/20£9,710£10,503£-793£935£6,117£1,3711.6136100
31/08/19£10,961£11,350£-389£1,616£6,910£1,3781.5148100
31/08/18£9,254£10,785£-1,531£1,387£7,299£1,1821.31400
31/08/17£8,340£9,531£-1,191£378£8,830£1,5371.91360
31/08/16£7,838£8,888£-1,050£372£10,021£1,5712.11300
31/08/15*£7,929£8,532£-603£324£11,004£1,5422.21000
31/08/14£8,522£8,831£-309£269£11,608£1,0781.51070
31/08/13*£7,413£8,373£-960£273£11,978£7911.11080
31/08/12£7,822£8,746£-924£249£12,938£9051.21100
31/08/11£7,175£8,133£-958£288£13,862£8551.31110
31/08/10?£9,430£10,696£-1,266£357£14,917£1,1461.31100
31/03/09£6,640£7,588£-948£250£16,183£1,0051.61080
31/03/08£6,215£7,400£-1,185£265£17,220£9781.61080
31/03/07£6,281£7,506£-1,225£286£18,684£1,1691.91050
31/03/06£5,794£7,153£-1,359£0£0£0n/a00
31/03/05£7,249£7,069£180£0£0£0n/a00
31/03/04£6,343£6,868£-525£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 13.1%
Fundraising Costs/Total Spending: 9.1%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 21%
Liabilities/Income: 25%
Unrestricted Funds/Total Funds: 64%
Reserves/Spending: 6.6 months
Net Current Assets/Spending: 7 months
Quick Ratio: 2.7
Asset Split ?
What it does
  • Arts/Culture/Heritage/Science
Who works here?
  • 117 employees
  • 90 volunteers
Who it helps
  • The General Public/Mankind
How it operates
  • Provides services
Where it operates
  • Cheshire East, Cheshire West & Chester, Lancashire, Manchester City,

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years
DCMS£8,161,353
Backstage Trust£164,150
Esmee Fairbairn£162,050
The Rayne Foundation£110,000
Paul Hamlyn Foundation£77,000
Specific Donations
Amount When
Months
To be used for
Esmee Fairbairn - Grant to Royal Exchange Theatre Company Limited
£12,050 27/02/2023
Towards unrestricted core costs as a Cost of Living Uplift
The Rayne Foundation - Grant to Royal Exchange Theatre Ltd
£50,000 05/12/2022
Towards developing the Elders programme to invest more in Elder leaders, become more representative of the local population, and challenge ageism.
Backstage Trust - Core grant
£39,150 29/09/2022
Role of Schools Coordinator
Backstage Trust - Covid-19 grant
£125,000 23/09/2022
Emergency staff costs during Covid
DCMS - Culture Recovery Fund: Continuity Support
£600,000 27/10/2021
To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further ....more
Esmee Fairbairn - Grant to Royal Exchange Theatre Company Limited
£150,000 31/08/2021
36
Towards project costs for the continuation and expansion of the Local Exchange programme, a three year model of engagement designed to address inequality of access to the arts across targeted areas ....more
Paul Hamlyn Foundation - COVID19 Emergency Funding
£77,000 26/08/2020
3
Support to aid the organisation in dealing with the challenges posed by COVID19.
DCMS - National portfolio organisation 2018 - 2022
£2,374,909 01/04/2020
The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given ....more
DCMS - Royal Exchange Theatre - A Plan For Recovery
£2,854,444 01/04/2020
To support Arts and Culture throughout England
The Rayne Foundation - Grant to Royal Exchange Theatre Ltd
£60,000 16/09/2019
36
Towards the Elders Programme in order that the Royal Exchange Theatre can further develop its work with older people and share its learning.
DCMS - National portfolio organisation 2018 - 2022
£2,332,000 01/04/2019
£1.6bn invested in the key arts and culture infrastrucure organisations in England for a 4 year period
DCMS - National portfolio organisation 2018 - 2022
£2,332,000 01/04/2018
National portfolio organisation 2018 - 2022
DCMS - National portfolio organisation 2018 - 2022
£583,000 01/04/2018
To support National portfolio organisation 2018 - 2022
The Baring Foundation - Grant to Royal Exchange Theatre Company Limited
£4,882 11/12/2017
To support the establishment of a network of Older People's Theatre Companies.
Co-Op Foundation - Voices and Values 2018 & 2019
£70,000 21/11/2017
Theatre workshops with young people both from SEN and mainstream schools to break down barriers and support new friendships._x000D_ Developing a SEN schools theatre festival that will take place in ....more
Co-Op Foundation - Heard not Hidden
£20,000 20/10/2016
Supporting young disabled people in Greater Manchester, through local schools, to explore loneliness through creative arts.
Esmee Fairbairn - Grant to The Royal Exchange Theatre
£150,000 02/03/2016
36
Towards the Open Exchange programme, providing opportunities for emerging theatre artists.
Paul Hamlyn Foundation - BRIDGE THE GAP: a new model of intergenerational community engagement
£57,275 17/11/2015
24
The Royal Exchange(RET), a theatre in central Manchester, has developed its work with young people and older people over the last five years. They will now pilot RET Local - a mobile theatre and ....more
Andrew Lloyd Webber Foundation - Grant to Royal Exchange Theatre
£45,000 22/07/2015
The Young Company
Andrew Lloyd Webber Foundation - Grant to Royal Exchange Theatre
£10,000 20/11/2013
RET Young Company
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)
Current Trustees appointed
Gender Split
Based on 6/7 persons

Age Range of Trustees: 32-61
  • NICOLE MAY Appointed: 2017, Occupation: Director/Producer
Legal constitution
  • Charitable company registered in England & Wales on 03/05/1968, number: 255424
  • Registered at Companies House on 12/02/1968, number: 00927203
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management 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
Filing Record
20 returns made; AR22: 13 days late, AR15: 14 days late, AR13: 86 days late,
Main office

ROYAL EXCHANGE THEATRE CO LTD
ST. ANNS SQUARE
MANCHESTER
M2 7DH

Objectives

THE CHARITY’S OBJECTS ARE, FOR THE BENEFIT OF THE PUBLIC, AND IN PARTICULAR THE PEOPLE OF GREATER MANCHESTER AND ITS SURROUNDING AREAS: TO PROMOTE AND ADVANCE THE ARTS AND CULTURE INCLUDING IN PARTICULAR (BUT NOT EXCLUSIVELY) BY PROVIDING (OR ASSISTING IN THE PROVISION OF) THEATRICAL PRODUCTIONS OF HIGH QUALITY AND RELEVANCE TO THE COMMUNITIES SERVED BY THE CHARITY; AND TO PROMOTE AND ADVANCE EDUCATION IN THE ARTS AND CULTURE INCLUDING IN PARTICULAR (BUT NOT EXCLUSIVELY) BY PROVIDING (OR ASSISTING IN THE PROVISION OF): PROGRAMMES, PROJECTS, COURSES, SESSIONS OR OTHER EDUCATIONAL ACTIVITIES ON THE SUBJECT OF DRAMA AND THEATRE; EDUCATIONAL AND TRAINING OPPORTUNITIES FOR ASPIRING ARTISTS AND THEATRE-MAKERS; FILMS, BOOKS, LITERATURE, EXHIBITIONS AND OTHER MATERIALS OR MEDIA ON THE SUBJECT OF THEATRE AND DRAMA.

Defined Area of Benefit:

NOT DEFINED

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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