2022-08-31-accounts

The Old Vic Theatre Trust 2000 ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Registered Charlty No. 1072590 Company No. 03667822

The Old Vic Theatre Trust 2000 Rewstered Charity No. 1072590 Company ND. 03667822 Tvujtres rina Alexandrou Sheila Atim Robert Bourne NithOl85 Ciarry jcnairj Paviia Cooper Geeta Gopa an David Hender50n John jenkins Peter John Gavin Lewis Annie Plesheiie Murphv Secretsry Caroline Bèrber Rentsteied Addre55 The Old Vic 103 The Cul London SE18NB IDdependÈrtt Audltor Moore Kineston 5rnith ILP 6th Floor, 9 Appold Streei Lonéon EC2* 2AP H58C Oank PIC S¢)uthwark 28 Borou8h High Stre London SEI IYO

The Old Vic Theatre Trust 2000 CONTENTS P4Ke Report of the Tru5tee5 Independent au¢Jitor'5 report 12 Con501idèted siaiement ol financial activitie5 13 Cons01idèted bèlancÈ Sheet 14 P•rent Charity balance Sheet 15 Con501i(lateé statement of cash flows 16 Note5 10 the finoncial stèternenis 17

The Old Vic Theatre Trust 2000 TRusfEES' REPORT For the year ended 31 Au8llSt 2022 The Trustees present their annual reporr and con501idated financial statements of theiharity and Its subsidiaries for the year endÈd 31 August 2022 which are a150 prepared 10 meet the requiremenis for a directorf5 report, strategic report énd financial siatements lor Companies Act purtK55es. The fin3ntlal stdtlTrTIViIIS LUFTiyly willi Ilie Clidlll1*5 ALI 201J. the Coinp3nies Act 200G, the Memorandum Jnd ArtiiII5 01 A5SOClation ènd Accounting and Reporting by Chèrilies Statoment of Re£ommendp.d Praiticc applicablp to chariiies Pfeparing their fintncièl statements In aciordancE with Ihe Financial Roporting Standard applicable in the UK and Ireland IFR51021 IFffe(Iive l January 20161. Objectives and artivltks The trbietis of the charity, as Set oul in the Article5 of A5SOtiation, afe io promote arr. culture and heritage and to promote. maintain, improwe and advaDie edutaiion by rhe encoura8ernent of tbe arts. The Old Vic fulfi15 It5 objectives primarily IhroJRh the operètion of The Old VK Th￿atre Public benefit Tne Trus¢ee5 alwoys ensure thèt the prograrnrnc5 we undertake are in line Wilh the thèrity's objec15 and with Iheii pvwer5 and responsibilities ès deièiled in rhe 8ovefnin8 dotumeni and under chariiy law. In 5etlin¥ the chariTy'5 objectivÈs and plannin8 115 a£tiVltie5 the Trustees have considered ihe Chafily Commission's guidanrp nfi public benefil, IDLluding the gui(Janceon public benelir and feech3Tgin8. The Iheèrre relics on boih pbilanthiopic donations and Incotne frorn tickTri sale5 to cover Its optraiion cosis,- in seiting rhc level of tirkei prices the Trusrees give carelul cansiderarion to en5L4rin8 the ac¢e551biliiy of the tneèire. Charity alms To achitve Ils aim5 The Old Vit's obiecrives èfe. Ar¢lstit.' To securc the idenrilv nl Thtr ljd Vic as a fesilieni independeni Ihèaire and secure It'5 ideniiiy as 81obal cultural hub.. èn aTlistic powernou5C Vlllh an In¢ernètional reputation atyé a sirorg social mission defflu8rèphically is more refle(live ol the diversecommunity in whith we work, our narion41 reach and oui internaiionèl èudience To ensure Ihai we art £ollaborèiive. Ihou6hilul •nd inclusive. Dl8ltal.. To Uiilisè. Ihe power ol di8iial iechnolo8Y to make new work and reèch new audience5, and to suppoit èll aspec15 01 the. IheaTre'5 work. EniaiemeTht: To engagt in person and online. throu8h free odutation, community and social rnobility projects. to P05ili¥ely impact life skills. enhance arts and education and increase employment or05pecis. Sustainability.. To revitalise and luiurtspiool tbe physical buildin8 for ihe next IDO yeafs, creaiinK spacc ihat is modern. vibrant, envirorlmenially constious. tommercially productive. non-excludirg. actessible In evcry 5erTrsp. available to usable by eVery￿e Wellbeini: To coniribuie. Ihrough our work on siage and Our leèrnin8 and participation projects. To ihe wellbein8 and health of all who eDRage wilh us to Positively Impèct life skills. ernployment pr05pe¢ts aiid happiness of Jll who pne8ge With u5 artisti. audienceJ. Llarticipantr and t13ff. Page I

The Old Vic Theatre Trust 2000 TRUSTEES, REPOR T For the year ended JI Au8USt 2022 Vision and Missioh The Old Vil 15 an independent Ireative powerhotsse for entertainment an(f education. A not for profit thÈatre, proud to be a charity- our mis51011 IS to Invieoraie. inspire and open doors ihrou8h world<lass theatre for all. We believe thar theatre makes ihe world be.tter and thai anyone should be able io attoss and ÈxpÈriÈntÈ it- to undefSt3nd il. enterrain We are uniquel¥ placed ro achieve all of rhis as a lar8e l.wo seat Iheatre in the beart ol London, focusing on creating equal acce55. We make world-class enieriainment on an International Scale. reaching audience5 of 350k4 every year throuBh etletlic 5ea50n5 of work, and a further lo.(￿ through free programme5 for engagement, emplvymenl and social mobility. Our duality is Important to 115 It unites U5. Wo'rc 50 much more than ihe work we do on stase. We're abo￿t creaiive eAiellence an¢J social good. ThÈ Old Vii.. Slep into 50tnethins wonderful. Straiegie report The con501idBted Srarernenr of Financial Activifies is sei our on paee 14. The con501idate(J 831ance Sheer 15 Sei oui on pa8e 15. hievemerbt5 and performance The Old Vic approached 2D21122 with caurion as audience behdViOUf and 50cial d15tincing guidance was relaiively unpredictbble In the eaily posi-pondeiric days. Box office targÈ15 were Sei aciordin£ly and Judience development plan5 were put In place 10 use the lower preéiited 5alc5 as an opportuniiy to find new audience5. Camp 51eefritd In September 2021 rnafked Ihe reiurn ro fully seated potcntial in the auditorium and a drive to welcorne budicnres bock to pre-p#nderniC levels Whi151 it receivetj posilivc reviews, a nomination for Besi Play ai the Fvenin Sièntlard5 Aword5 and a good audience re5pon5C. tickei yield and 5e3ted capaciTV were low. A Christmas Carol rclurned lor its fifih year. rhis year siarrin8 Stephen Mèn8èn as Scr¢x)8e. The show wa5 %u¢¢essful in achievin8 audience numbers closer 10 pre-pandemic leve15 exceediTrg linancial lJr8et. There were a number of cancelled performances due 10 COVID.19 wilhin the company.. In addifioll. audience uncprlainiy regardin8 lockdowns returned around Christmas which leo ro a drop in sales dnd a higher level ol customer requested refun05 and Caryl Churchill's classic p13y A Nvmber openel 2022 siairitl8 Paopa F5siedu and Lennie Ja￿￿5. The show received positive Ipviews and went on To ro£eiVQ se¥erhl nornination5 lor de518n and coa51, as well as an an OIIyiÈr nornifiation for Best Revival al the 2022 award5. A Ivll-scale audience develooment campaien ran aloneside the core mèfkÈtin8 cairpaign with excepiional re5u115 ill ieim5 of diversilyill8 ihe ethnicity of our audiencc wilh hb8her fepre5eTrtation bela8 achieved The world pr¢mierÈ tsf Mike B2rlett'5 The 471h followe(l $iarring 8enie Carvel as Oonald Trump, Tamara Tunie as Kamala Harr15 and Lydia Wilson a5 Iv4nka Trump A co-groduciion with Sonia Friedman produciions, It rE(eived positivÈ review5 and 51Enificantly higher audierbce atiendance rcflectin8 pre.pandemic levels. Closing the Season wa5 3 revival of Au8u5t Wi150n's play Jitney. a co-pioducrion wilh Leeds P1ayhou5e ènd Headlong which went on to Tour The UK. Whils1 Ihe financial capacily was relaiively low. Il had è fantastic audience re5Donsp and wa5 norninaied for Besi Revival at the UK Theatre Awards. Followin8 a successful audienie developrnent carnpaign. it achieved a healthy seated Capacity. Page 2

The Old Vic Theatre Trust 2000 TRUSTEES. REPORT For the year ended 31 August 2022 Building P¥oiectorté Copitol Compqiqn RIBA Srage 3 costs were reiurned In Septembtr 2021 fo¢ The Annex 3nd Back of House Upgrado5 pfDjClt. whiih were shown lo be 51gnili(a(Illy Over budget. pbTlially Ove loiharbge5 Wlthin the market and an uplift in inflation A series of v8lue engifteering meetings With the de518n team and cost consuliani reviewed ttte design ia identify opportuniiiQS for 53Vings. Both ihe Chair5 of OVTf and The Annem Committee felt there was littlè beDÈfit In delaying the projoct operationally or financia11y, and so Trustees approved a £lm uplifi to theoverall projeci cost, 10 f 17m. This covpred the iD[rea5E In thE Back ef House budget and built in an add1tional E500k £oniin8tncy lor the c05r ol building Thc ADnex. 8iveTr the vncertaiDly arovnd inflation, and the particular Irnpaci on the constr￿CtiOn illdustry Despiie Ihe challenees. both the Board and management felt siroTr8ly that The Annex an(J Rack of House work5 werp. an imponant part in delivering The Old Vit's purpose to enable anyone io experience. ake and bonefit from theatre. At Mar£h 2022, Ihe 3pprove(I con51ruclion budget fui the Back of House work5 circa £3rn but the market costing Post vBlue enginEerinÈ showed a 1470k nci Incrcasc io budKet. Both ihc ChairJ of OVTh and The Annex pproved a Elm uplift 10 thp. ovcrall project cosr. This covered the in£reèse in the Back of H0ts5e bud8ei and built In an additionol 1500k contingency lor the tosi of buildin8 The Annex. given the vncertainiy around Inllatiofj, and the particular irnpact on Ihe COnSlfUClion Indusrry. 'Ir is nor rhJr w6 ore eomploceni oboul the cholleft9e lol o (upil(21 (-OnlPOJgiil in Ili¥ itsrrenl cljinoie. mortr Ibtst hovlnq theproject on the hoT￿onfvl offtrs hope ond dtre¢rlon ot this dffKult time. It olltrws us to be urpn¥efulond to respondto rhe deep needin ihetommurjityfoi theoire to rebound. srrongerGnd more cJrce55ible ond welcoming thun ever.. Matthew Warchus. ArrisTl£ L)Irecior In july 2022. work began in che Ba¢k ol House spaces. and we.re due ro be complete In lune 2023. Subject 10 final lundrai51n8 and main coniracior render èsse5sment. IheAnnex Will break Kround In A￿lumn 2023 Edu£orion Community Our Education and Cornmunitv PTg8¢ammes are ceniral to our mission to ifi¥i8oraie. Inspire. and open doors IhroD8h wprld.tlas5 Iheèire ILTrr all. Our prc8rafflme5 focvs arouno ihree sirantls,. community. emergin8 ialeni and $¢hools. As we look ahead to opcnin8 ihe Core Icèrnins Cenlfe io The Annex. where fundin8 ha5 boen secured. we ère 5tèrtin8 to piloi new proiecis. TheatrE Miktrs Is a free six month pio8ramrne for 18-25-ye4r-olOs olfe.rin8 participants opporiunilies todevelop Ireative connection5 and create a trjnlkii to di5fU55 and Tnake rheètre In the midst ol our changin% society The 2021 oroieci involved workin8 wilh 22 youn8 theatre maker5 Ihrou8h a series of viork5bop5 and ma51erclassEs. With the supwrt ol a prolessional director. pariiiipan15 conrepiualisÈd and planneé the future ol theatre alongside other youn8 creatives. working in collai%)ration with some of the UK'S leadin8 professional theatre maker5. The project culmirnaied in a 5howcasÈ In DetÈmber 2021. Participants also received frep titket% lo two Old VIL performances.. A Chri5trnas Carol and A NumbeT. FroTrt Line at The Old Vit eive5 paid plèternenis in our FroDi of Hou5ereaffl5 to youn8 people a8ed 16-25. Through Ireative workshops ond workinÉ along51de our 51afl panitipant5 8ain vit81 on-the lob learnin8 oppofiuniiies and are suopcrted 10 develop key employabiliry skills to èid thtir future careers. since rhe proieci beRaD ifi 2015. we have worked With 210 young people, tnakin8 Froni Line one of our lonEest running and rn05t 5Utct5sful projeit5. Front Line LambEth 15 open to young people in London a8ed 1& 25 who, ai ihe time tsf applyinE. vlere not in education. efmploymeni or IraininB INEÉT51 ThÈ pro8famme ran In Autumn 20ZI. offering paid placemenrs at cultural organi4ation5 3cr¢>ss Lafflbeih. includin8 Pop Brixton. Souihbank Cenife. Strearham Space Projeit. Aeaconslield CDnternoorary Art. The Africa Centfe and The Old Vic. As well a5 on the job fTainin8, the pro8ramme Iniluded a CV v￿rkShOp. exploring the skills p3rricipanr5 have dcvcloped and bow to apply them io nexi step5. In addition. particip?nig benefited from a networking 5È5$10D W1th indusiry professionals and pr05pecrive employer5. Page 3

The Old Vic Theatre Trust 2000 TAUSTEES. REPORT For the year ended 31 August 2022 Front Line Facilitator5 15 our highly succe55ful creative practitioner proÈramme for people è8ed 18+, offÈrin6 a(J¥anced hands-on exporience in creative facilitation and rhe chance to develop key transferable skills. The programme aim5 to ive participant5 With no or limited experience In facilitating rhe skills and experiences io help thern with their next creative steps and connect rhern 10 neiworks enabliD8 atCE55 to job5 ané creative opportunities. Ovef 12 se55ions. parricipant5 experieftce practical faciliiaiion trainin8 from The Old Vii Education & Cornrnunity teatn and guest creative pracritioners as Ihey learn aboui different workshop delivery pracliie5. Schools Club aim5 to offer seconéary schools across London supwrteé ètte55 to theatre. It IS Intended to develop confidence In drama skills For 141-18-yeèr-old studÈnt5 aDd ihÈir teachers. along with an uplifi In regard for drama In sthools and an uplift In studÈnts studying draffla in schools. Forty schoo15 are Inviieé ro lake pari In rhis free pruiect, and arp offered four perloTmanies. four studenr workshops. and four Continuous Professional Development 5es510n5 for teacher5 Over one academil year. Take rhe lead Is a free programme fof Stuéents ID Yea15 11- 13 ihai uses Iheaire ierhnioue5 and creaiive workshops 10 develop live core skills thèi support employabiliiy 50Iial mobiliry.. sell-be5ief. communication. teamwork, problem- . 501vin8 and 5oll.rnana8crncnt. The pro8ramme works with up to 40 8roups across London and supporis stud@Trts take their nexi step5 ￿nI0 ihe worl(J ol work or hi8her education. M•tinet Idols ha5 been set up io rreate opportuniries for The Old Vic ro en8a8e locally with people over 50. makin8 Iheaire niore acce55ible to those Irom a divefse range of socio.economi¢ ethnic back8round5. For participant5 the aims are for them io (onnect wirh Others. reducing feelin85 of Fsolarion and loneliness, and 10 learn new skills. Communlty Club. previov51y known a5 Curtain Up which. since 2019. ha5 workeLI vliih cornmuryily gioups viilh limit¢d cce5S to the art5. providin8 Ihem with freethcaire lickeis. a freedrama workshop and bespoke Access suppon Through Ih15 project The Old Vic Is committed 10 removin8 bèrrier5 which rnay ordinarily exclude people Irorn accessing Ihcatrc. In response to the COVID.19 pandemic The Old Vit extended Curtain Up from a one-oN en8agement to a four-monih programme. Throu8h regular workshop5 and acre55 10 Old Vil oroduclions. the pro8famrne allowed 8roup5 to remain connecTed tD ￿a(fv other Jnd develop their creaiivily. whilsi supportin8 their mental heairh and well-being during the national l¢xkdowD. The Cornmunily Club alms io offer pènicipanis consistency during a time ol cttan8e and unceilainlv. The Lon8 COVID Wellness Pfoket Investl8aiÈd rhè benefits of en8a8ill8 With the arts 10 5UPPOrt those with lon8 COVIO- 19. This resèarch-bè5ed, parliiipatory Ireaii¥e lnie￿en1i0n worked Wilh specia1151 movemeni and voice praciitioners to create a six-week prtsgrarnme Wofkine Wilh 20 adults wilh lon8 COVID 19. The weekly se5510ns focused on usin8 moverncni. breaihin8 and Iheatre iechnique$ 10 svppori sympiom5 ané wellbeing. Page 4

The Old Vic Theatre Trust 2000 TRUSTEÉS. REPORT For the year ended 31 August 2022 Post Bolonce Sheet Events Season 8 hay seen audiences return 10 pre-pandeTniC leve15. 11 Includes Eureka Day. A Chri5trna5 Carol 7, Sylvia and GroundhoÉ Day Vjith all financial target5 Sel to be exiEeéed ènd seated capacify on track 10 achieve between 85Yo and 90% lull. The ambition lor the season was to bring people back Into Ihe theatre. WÈ gfaielul to our supporters and donors foT their coniinued contribution which enables The Old Vic to present entÈrtaining and challen8ing works on our stage and provide irs educètion ènd community prograrnTllQ As a indepeiidenl r.harily V4iih no ieEJlaT public fundin8. we are éependenr on ongoing philanthropy. However. the or8ani5ation is exposed to inflation on Its cost5 and is locussed on 5rrengthenin8 Ilk financièi p051tion ènd busine$5 model for the lon8 term. Fil￿n(l￿1 Review This was 6 year of finanfial re<overy posi pandemic thai be8an Slowly In ierm50t audience5 and IQTvrnercial fooilall and affpcte(J our abiliry to plan ahead and forKast wilh confidence. financial (apacilies were generally lowcr than pre pandemic le¥tls. Given changes iry avdience behaviour, each produclion Éave us more Infermaiion to inlorrn ljture Whilst income Y4as broadly consi5tcni with ihe prewous year ar É13.6m12021.. £13.4rnl. rhE rnix was differ@nt. Wt were able lu reopen our doors to payiD8 Judiences which saw income Irom Qur iheaire operations Increase from £2.4ffl to f6.7m. ns a result. external supw)rt required from 8overnrnenr wa5 fedtsied with Ibe ending of Ihe Cofonèvirus lu Reieniion Scheme and Culiural Recovery Fun(1 lun¢in8 we coniinue to be craieful for thai support and more recent forms of support sucfv as Ihe energy price 5chernes and enhanced Theoire Tax REliel rates. We are a150 grateful to our donors for Iheif contlDuinÈ ttnÈr05ity in suppoii ol proLluctions, our educaiion and cominunily work Ind the capital yiu¥idii)11)e ol byorks Oli Back ol House facilifie5 Ind The Annex. With the Ihoaire reiurnin8 tofull capacity and a capiial projeci underway. exoenditureincreased from É10.7m Lo £l11,4m resuliin8 in a fjei deficil lor Ihe ¥ear to 31 Au8USt 2022 011£741kl12021' suiolu5 of E2.7ml. Ttte forecast for 31 August 2023 is èniicipated to be a further deficit as the Iheètre coniiniics 10 rebuild if5 PIO8famTnt in a higtr inll3titsndry nvironmenl and capital expenéilure coriiinue5. Wlth Ihe on.8oin8 operating budEei cufrcnily planned 1¢ return io bfeak-even for 2023124. AI 31 Au8USI 2022 cash ai bank wa5 E14 3rn12021.. E16.3ml. rtpresenting a £3.9m reduciion duritig the ye•r driven by Ca5hllow o)ut Irtrm operational activily of £1.5rn. a 5pené of É2.3m on capital investment In Ihe Back OffiLe facilitie5 in the theaire £0 Im in loan It7terest The balance sheei continues io carry a comrnercial TnOrtga8e Irorn HSBC, an nseLured loan ol £lrn a £2.5m loan on standard terms (roffl the Aris Countil's Cultural Recovery Fund. Loans secured from Lambeth antt Soulhwark auihoriiie5 remain undrawn dDwn. No new bank loan5 were taken on during thp. yoar. Restr¥es pol The Trusloes are aware of the need to hold Iree reserve$18eneral funt151 have estimated the level of free reserves the charitv Will need over the nexr fiDancial year. The Old Vic remains reliani on Ihe Success of the theatrical productions lor a 5ubstantièl proportion of ITS Iniome through ticket sales and associated bar and food Sales The Trustee5 consider that thè m05t 2opropri3ie level of free re5er¥es at year is £2.4rn to support immediaie need for funds and/or emergency building repairs. Current free reserves srand ai £6.5m The Tru5tee5 con51der It 15 necessary 10 hold a hiEher level of free reserve5 to enable the theatre to coniinue ro operare In the future Eiven hi5torit hi8h levels ol Inflation, 3 cost-of-living cri515, on going rr3diDg 1055e5 Ihe financial and supply chain risk5 ass(Kiated with capital buildin8 proiecis. Page 5

The Old Vic Theatre Trust 2000 TRUSTEES. REPORT For the year ended 31 August 2022 Goirtg torttern Having reviewed the charify's financial forecèsts and expecteil fuiure cash flow5. the Tiustee5 ttave a reasonable expoctalion thal the charity and group have a(Jequate resources to contin￿e in operational exisience for the fore5eeablt futuro although th15 is subject to tho unprecedented 155ues around COVID-19 the Impaci of which Is detailed below. O this basi5 the going concern basis has beer¥ adopied in pieparinE the financial statements for ttte year Ended 31 Au8u5t 2022. Printiptrlrtsks ontl Ltncertaintits Rlsrt Mèna8emeni STaierneni. The Trusiees have established the major strategii. bu5ine55 and operation31 ri5k5 which the chariTY faces ènd conlirm thai sysiems havt been e5tab115he4 to enable reBular repor15 to be produced so thai anv necessary 5tep5 can be taken to lessen the risk5. Our overarchin8 risk framework Is as follows. 11 IS applied, rnanaged and rewiewed by the governance structure below. Risk policy sets out appeiile for risk and risk managemeni p<otess IdentifiLation ènd assessmeni ol ri5ks-. Eapturod In Ihe risk re8lSter. mana8e¢ by General Counsel, overseen by Board Finance & Risk Cornrnitree I'FRC-I Evaluation ol action to be taken on risks.. capiured In the risk re8i5ter Periodic monitorin8 ènd a5ses5meni Risk mènagtmeni statement". sei oul in the annual report and approved by Trustees annually. The FRC has dele8ated authority from the Trustees to ensure Ibai major risks ère re8ulèrly and properly ideniified and any necessary mitl8afion measures are implemcniod. Key risks currently facin8 The or8anisation tan summari5ed a5.. Mitl8atloh measures RealisiiL bud8ei and ibree-yÈ3r business plan., con¢in8eniy Set aside.. SOLT and oiher indusiry data sharin8,' weekly 5ale5 report ond rrackin6-. active markeiing and press Campaign aflecis box office sales leadin8 10 curiailTnenl ol operations iDd exoenditure cuts Adverse publicity negatively Impacts Iniroduction ol Production Risk Manaeemeni Framework-. couip staff 10 ideniily possible areas of risk. communication response plans in place Costs èr15in8 from introduction ol Prevent Ilikely 2024-51 Horiion-waichin8 and plannin8. on80iA8 discussions re.. funding IDr bo%iile vehicle miliiaiion measures Establishmeni of Sustainabilily Committee and fiew Suslaifiabilily Policy. constant rLwiew of iar8ets', guidarcè from Julie'% ￿ltY[le.. arcbiiecis selecied lor su51ainability credeniials,. horiion 5cannin8 for afFofdablo renewable ener8y Costs orisin8 from ensuring existing tj new premi5e5 are environmenlallv 5usrainable Materials shortage5, delays and arising Frorn combin8tioft 016reNit ènd COVID-19 Factor into pioduciion and capiial buéeets and timelines IncrÈasÈ In ener8¥ pfite5 aflÈctin8 O¥erhead5 Fnergy suppliers have been contracleil ar a fixed tariff for the ncxt two years.. review of enerRy usaRe In iht buildinR Buildin85 In5uranc* tover èffected by building works,. prerniurns aDd/or ODgoin8 c105e liai50n with Insurer5 regarding miiigalion required 10 improve excess leve15 COVID 19 The elfec15 of the Covid-19 pandetnic are Still being felt. from impacr on audience confiéence. to casi and tompaDy vulnerabiliiy, gre4ter dernand5 on funding re50vrces and financial resilience. Page 6

The Old Vic Theatre Trust 2000 TRUSTEES. REPORT For the year ended 31 August 2022 FLtndrai51ng All fundraising on behalf ol Ihe £harity is undertaken in-house and we do not have any commercial participation arran£emenrs The chariry sub5tribe5 to the Fundraising ReEulaior and there have been no in51ance5 of any failure io compl¥ with fundraisine standard5. kulldr3151llg attivilv Is governed by a detailed Ithlcal tjonaiions Pollc¥ and monltored by the DunaiioThs AcLeptdnLe Committee which IOFTTrpfi5es è mixtureof Trusiees and man3KeTnent. Any IOTnplaillt5 ieceived ffom ltte public. creative5, or Qlher donors about 3 81ft are taken seriously and afe handled on a ca5e-by-ia5e ba515 WE have received one informal ccrnplaint during the lasr year relating to è historic gift from a donor frorn whom we no longer accept donations. We only comrnunicatewilh donors orprospe(1s who haveopted in locommunicètions andemail appfoaches The Iharity ha5 a rigorous Set of data proiection policie5 and guidelines Ireviewod yearly). ané stall are required to undergo data proieciion tfaining upon induction and every Iwo yeèrs. InveJtmehtpoweis ondpollcv Undof the Articlcs ol A5>oiiation. Ihc chJrily h3: the power to make any inveslrnent which the Trust8•s see fil. Siiucturei ioverTh4n¢e and maha8ement Thc charily 15 a iompany IimiTed Dy guarantee and was set up by memorèndum and drticles of a550Clation dated 10 November 1998 None of the Irustces hèvp any benefirial Interesi In the cornpany. Thp liahility r)f thp mpmber5 is Iirniied o Fl upon windin8 up. The Tru5tee5, who are also Ihe direiiors lor Ihe purpose uf company law, who secved durini the year were. T Alexandrou S Afim R A Oourne G Gopèlan S A Greene D Henderson K V Horton Iresi8ncd 9 Decernbet 20211 l H fj Jenkins lappoinied 21 Septernbef 20211 Pclohn G Lewis APMurphy I C Powe11 Ir¢si8neé 31 May 20211 One new Trustee wa5 appoiftieé In September 2021. 4nd Iwo re5i8ne(J. Wo aim to recruit up to two new Trustee5 in the Ctrrnin8 financial year. New Trustee5 undergo an Of[entat￿n period to brief rheffl on their legal obli8ation5 undef charity and cornp3ny law. the conieni of the Arriiles of Asso¢ièirf>n. Ihe cornmiiiee and deci510n-rnakin& processos. Ihe busiiiess plan and recent financial performanie of the chority. DuriTrg rhe induction perioé. rhey fflÈÈt key employee5 and other Trustees Trustees are encouraged 10 ?Itend approprLatÈ external event5 Y4here these Will facilitate the undertakin8 of their fole. The Trusi is governed by a Board of Trustees of up to fifteen mernbers. plus Iwo obse￿er Trustee5, who meei re8ularlv. There is a Finance & Risk Comtnittee dealing wirh finanie 4nd risk. The day-to-day operations of the charity dre. rnanaged by managemerTrt teatn with delEgated auihoriiy frorn iheTru51ees. to whotn it report% P3ge 7

The Old Vic Theatre Trust 2000 TRUSTEES. REPORT For the year ended 31 August 2022 The chariiy ha5 two wholly.owped subsidiary companie5. rogistered and operating in Éngland and Wale5 The Old Vic Theaire Company (The Cull Limiied (commercial Iraoing activitiesl and The 01(1 Vic Service5 Company Limired Iiheètre production) All available profit5 of rhe subsidiary companies are gill aided ro The Old Vic Theaire Trust 2000 by a Rift aid donation which 15 paid in the following financial yeac. Please refer to note 22 of the financial siatements for further Information Including rhe resJlrs for rhe ¥ear under feview. In the final srep toward 5implifyine ihe Trusi'5 corporate strucrvre. we InTended ro wind up our subsidiary The Old Vic ThÈatro Liwited Itomtnertièl trading atlivitips) sintÈ it was not Currently trading and had not traded durifig ihe year under re¥iew. Thi5 work was delayed slighiiy but completed in February 2023 11 was announced in April 2022 that Laura Steven50n wDuld 5ucieed Kare Vafah who left the theatre after 12 years, seven years a5 Execurive Direcrof. to take up the position of Executive Diredor ai ihe National Theètre. Laufa, whD jDIDpd The Old Vit In July. 15 an expeTience(J arts leader whose previous role5 Include Executiwe Direiior ol Sadle¢5 We115. Deputy Oirector of the Hayward Gallery and. In receni years. senior emecutive positions al the Royèl Opera House and the RDyal 5hake5peare Company. Audltors Moore Kin8sEon Smith LLP were appoinTeLI as auditors 10 ihe company ané in accordance with seciiun 485 of tho Companies Aci 2006. a resolutbon that IhÈy be re-appoinied Will be put at a General Meerin8. Disrlosure of information to auditgrs Each ol Ihe Trusiee5 ha5 conl rmed Ihat Ihere 15 informatioD of which ihey Are aware which 15 relevant to the audit. but Df which ihe auditor 15 unaware. Thry have lunherronfirmod thai they have iakon appropriate steps to identify such relevant inforrnaiiorTr and ro e51ablish ihai ihc au¢Jiior 15 4ware ol such information Stitefflent of Tru5tEes' Responsibilities The trustees Iwho are algo directors of The Old Vic Theatre Trust for rhc PUfpose% of company lèwl ère responsible for preparin8 che Trustees, Report and the finèncial sièiements In accordaoce with applicable law and United Kiii8dorn ccouniing standards IUt)iied Kingdom Generally Atcepieil ktoun¢in8 Pra¢¢icel int1vdin8 FRS 102 'Thc Financixl Reportin8 Standard applicable in ihe UK Rep￿bIll of li￿an4' Cornpany law require5 Irugiees to pie)are financial siaiemcnis lor each linanci31 year which giwe a trve and fair view ol the state of affairs of the chèritable group ènd company, and of the incoming resources and apolitation of resouries, Including the Income and è.xpendilure, of the £haritable company for that perio¢. In preparing the financial 51atefflenls, Ihe Tru51ep5 are required io.. select suitable accountin8 policies and ihen apoly thern consistently.. observe the meihods and principles In the Charities SORP-. make iud8ement5 and estimates that ale reasonable anLt prudent. 51aie whether applicable UK AccountinB siandards have been lolk)wed, subject to aDy material éepartures di5close¢J and explaineé In the financial statements. and prepare the financial statements on the8oing Concern basis unless it is Inappropriète ta presurTie rhot the charitable company will continue in business. The trustee5 are responsible for keeping adequaie accounting records ihai disclose with reasonable accuracy ai any time the linafflci31 p051tion of the chariiable cornpany and to enable ihern to ensure that the financial statement5 comply with the CDmpaTries Act 2006. They area150 rE5ponsible for5ale8uardiDg the asset5 of the charitablecornpany and hencetiking reasonable st for the Pfevontion and detocrion of fraud and other Irregulaflties. On bch8lf of the board rustPÈ5 N J Clarry- Director and Trustee Ichalrl Date I ql L111 Page 8

The Old Vic Theatre Trust 2000 Independent Audltor's Report to the Members of The Old Vic Theatre Trust 2000 For the year ended 31 Au8llSt 2022 Opinion We have audited the financial statements of The Old Vic Theatre Trust 2000 and it5 subsidiaries far the year ended 31 August 2022 which iompri5e the Group Slatement of Finan£ial Acriyi:ie5, Ihe Group and Parent Charitable Company Balance Sheets, the Group C3sh Flow Statement and notes ro the finèncial statements, Intludin8 a 5Urnrnary Df significant aciounting poliiie5 The linancial reparting framework that bas been Èppliod in IbÈir oreparatlon IS applicable law and Ufjited KingdoFTTr Accouniing StaDdafds (United Kingdom Generally Accepied Accouniin8 Pratticèl including fRS 102 'The Financial Reporting Standard Applicable in the UK and Ireland.. In our opinion the financial statements.. Give a irue and fèir view of Iht state of the group's and the paront charitable company's affairs a5 31 31 August 2022 and of the Eroup's Incomin8 resources and appliiation of re50urcos. Including 115 Income and expenditiJTe, for the year then ended. have been proporly prepared in accordance wirh United Kingdom Generally Accepted Accounting Practice,. and have. been prepared in accordance wilh the. requirements of The Companies Act 2006. Basis lor oplnion We conducTed our a￿￿￿¢ in accordènce with Iniernoiional Siandaré5 on Audiiine IUKI11SAslUKII ané applicèble lè¥v. Our responsibilities undef those siandards ère furiher de51ribpd In Ihe Auditor's Re5ponsibilitie5 fof the audit of IinanciAI statements section of our rewrt We are Independenr of Ihe charitable company In accordance with the cthical reouirements that ère relevant 10 Our a￿dit ol Ihe financial sialcrnen(5 in the UK. pncluding ihe FRC'S Ethical standard. and we have fulfilled Duf Other e¢hical respon51biliiies in accordance with these requirements. We bdipve that the audit evidence we hève obi3ineé is suffi¢i¢ni and appropriate lo provide a basis lor our opinion. Contluslons relatln8 to ioing concern In auditing cne l-nincial Sldternenrs, wp have Concl￿¢￿ rhar the éirecror5' use of thegoinA concefn basis of •C¢OUfjlin8 In the preparaiion ol ihe finaniial 51I1emen15 15 appropriale. Based on Ihe work VIÈ h•ve performed. we have not Identified any mèterial uncertainties relaiind lu events orconditi0fi5 that. indivi¢ually or collectively. rnay casi signilicani doL4bt en the 8roup's and pareni ¢¢mpany'5 ability 10 continue as oin6 concefn lor a period ol at leasr iwelve months Itom when ihe finoncial 5taiernents are aJthorised for 15sue. Our responsibilities and the fesponsibilities of the Éirecrors with respeci to 8oini toncefn are described in the relevant Other inlormailon The oihEf Information comprises the Inforrnèiion Iniluded in Ihe annual report, other IhaD the financièl statement5 our 3uditor's report thefeon The trusttes are resry)nsible for Ihe other Information Our opinion on the finèntial Statements does not cover rhe Olhef inlormaiion ond. exceoi 10 Ihe e¥tent otherwise explicitly stated in our report. ¥vc do not exprcss any fofm ol assurance contlusion rhereon. Our re5POn5ibiliry is to re3é Ihe. oiher information and. In doing so, consider whether ttre oiher informJiioTr is maierially incon5I51ent with Ihe financial statement5 or our knowledge obtained in the course of The Audit. or oifverwise appears to be materially misstèted. If wt identify suth Fnaterial inconsi51encies or appareni matefial misstatements, we are required to determiTrp whether this gives rise io a maierial misstatement in the financial statemÈnis them5el¥es. If, ba5cd on ltte work we have performed. we Conclude that there Is a mattrial mi5Statefflent of this other inforrnation. we are required to report that fact. We have nothin8 to report in this re83rd. Page 9

The Old Vic Theatre Trust 2000 Independent Auditor's Rep(Kt to the Member5 of The Old Wic Theatre Trust 2000 Icontinuedl For the year ended 31 Au&u5t 202Z Opinlonson other rnatters prescrkni ed bytheCompaDie5 Art 21h)6 In nur opinion. baseo OT the WDrk underraken In *he course of the audit.- the Information Eiven In rhe trustee5' annual report for ihe financial year for whiih the finanti31 staiements are prep3rpd Is 1(Fns151ent wilh ihe Financial starement5.' and the tfU5tee5' annual report have been prepared In aciordaDIt Trmth applicèble le831 requirernents. Matters on which we are rEquired to report by excemion In the I18ht ol the kDowled8e énd understanding ol the Broup and pèrent charitable company and Its onviranTDent obtained in the iotsr5e of the audii, we hève not illeniifbed moterial rni55taletnents In the trustees. annual repori. We have nothin8 10 ieport in iespect of the following matter5 where thecompanies Act 2LN)6 reouife5 k15 to report to the parent charitèble compèny hès not kept adequate and Sufficient èttounting records. or reiufns adequale for our audii have nor been received from branches not ¥lSlTed by u5. or the parent Ih3riièble company s Iinancia1 5iaiefflents are not In a8f#ement wifh rhe accounting reccrds and returns. or tertain disclusure5 of tru5tee5' rernuneraiioD specified by law are not rnade.. or we have not received dll the information and explanations we require for our audit,- or ResponslbllftSes01 tru5tee5 As explained more fully irt the trusteès. responsibiliries 51aternen¢ sei out on p68È 8. the Ifusiees (who ère a150 thc os tle cb.3 3ble company fcr Ihc pu'poses ol co￿panY lèwl are responsible lor the prep>rJiinn of th linancial statement5 anrj lor bÈin8 satisfied thai Ihe¥ gi¥c a irue and fail view. and for such Inrernal control a5 rhe trustees determine is nece55ary 10 cnable the p¢oparaiion ol linancial 5raternent5 that are Irec from mèterial misstaiement. whether due 10 liaud or erroc In prepr?rin8 the finèntial srèiemenis. the Iru51ee5 3re resw)n51ble for assessirtg the 8fOUP and parent charitable company's èbiliiy 10 continue as a 8oin8 concern. disclosin8. as applicable. matters rtlaied lu ¥uing conLefn and usin6 the 80in8 ioncern basis ol accountinE unless rhe irusieÈs eirher intend to Iiqui¢Jare tne Eroup or pareni cfiaritatyie compony or to cea%c operations. or have no realistic airernoiive bui 10 Oo $0. Audltoff s respon51bilitiÈs for tht audit of the Ilrlancial statefflentS Our obiectives are 10 obrain rea50?able èssuronct aboul whclher ihe financial statements as 3 wholo aro Irce from rnatprial misslètemeni. whether (Jue 10 Iraud or error, and 10 Isgue an audiiof'5 rèport rhat includes our opinion. ea50nable a55urante Is a hi8h level of assurance. but is nol a guarantee ihai an audit conducied in accorLJance with ISAS IUKI will always deiÈct a material misstatement when ir exisrs. missiatemè.nts tan arise Iforn fraud or errL)r dnd aro iofjsidered material Il, individually or In aggregère, rhey could reasonably be expected to Innuence the ettsnomic decisiofjs of Dsers taken on the bè5is of these financial 5Iatements. As part of an audit in accordance with ISAS IUKI we emercise profe55ion31 judgernent and maintain professional sieptitism Identify Bnd èssess the risks of material missiaietnen¢ ol the finantial statements. vlhether due to fraud or error, design dnd perforrn audir protÈdu￿S resportslve ro Thoge rlsks. and obtaln a￿dIt evldence thdl 15 sufliLietll rjll appropriate 10 provide a basis for Our Opinion. The risk ol not deieciing a mèierial fni55taiement re5ultln8 from fraud 15 higher than for one resuliing frorn error, a5 fraud may invDlve collusion. forgery. inreniional omi55iDn5. misreprosentalions. or the overrioe of intornal iantrol. Obtain an understanding of internèl conirol relevant to the a￿￿11 in order to dEsign audit procedures th81 are appropriète in the circumstances. but not tor the purposes of expressing an opinion on the offectivenE55 cf the group and parent charitable company's internal iontrol. Page 10

The Old Vic Theatre Trust 2000 Independent Auditor's Report to the Members of The Old Vic Theaire Trust (Continuedl For the year ended 31 August 2022 Evaluate the appropriateness of accouniing policies used and ihe reasonableness of iccouniinE esiimaie5 and related disclosure5 made by rhe irustee5. Conclude on the appropriatene55 of the tru5tee5' USE of the 80ing coniern ba515 of accounting and. based on the audit evidence obtained. whether a material uncertainly exiS15 relaied to ovenis or conditions that may cast signilicani doubt on ihe group and parent chariiable company s ability to coniinue as a gving concern. If ¥ve conclude thai a material uncertainly exists, we aTe reouired to draw èiiention in our auditor's report 10 the reiaied disilosuFes in the financial 51aiefflent5 Of, Il such d15(105ures are Inadequate. to modify OUT opinion. Our conclusion5 arc b45ed an the audit evidence obiained uo to rhe date of Our audiior's reporr However. fuiure events of condilions may cause the group oi parent £hariiable company io cease to Continue as a going concern. Evaluate the overall pre5enration, 5trucrure and conieni of Ihe financial statements. including the disc105ures, and whether the financial 5taiernents represenr the underlyin8 rransacrion5 and events in a manner thai achieves Obiain sulliciont appropriaie aulit evidence re8ar(Jin8 the Iinancial inforrnaiion of ihe entilie5 ur busine55 actlVlTies within thegroup ro expre$5 an opinion on The consolidated financial siatemenis. We èfe fesponsible for the direction, supervision and perloffnance of ihe group audit. We remain solely resN)rsible for 0￿r audit report. Wo tornmufjicate with rhose thargod with govemance re8ardin8. amon8 oihor rna¢rer5, the planned scope and limin8 of the audit and st8nili£anl abdit findin85. includin8 any $18nilicant deficiencies in iniefnal conirol thai we identify durin6 our auéit. Explanation as to what extent the audit was Con￿oe1¢d capable ol deteetini irre8ularlti¢s, Inrludlnl fraud Ir<e8ularilies, Includitr8 fraud. ère Ins'.anceg ol non compliance wilh laws and ¢e8Llations We design procedures in line v411tt our responsibilities, ouilineé abovc, to dcieci matefial missiatements In respect ol Ilregularilies. Includin8 fraud. The extent to which our procedures are capèble ol deteciin8 irre8ulirilies. Includin8 fraud, is derailed below. The objectives of our audit in respeci of fraud. afe-. io identify and assess the risks of material misstatement of the finènci81 statement5 due to fraud. 10 obtain sufficient appropriate audit evidence re8arding the assessed risks trf material misstatemenr due 10 fraud. through desi8nin8 and ImplemenEin8 appfopriatè response$ 10 those assessed risk5. and 10 respond appiopriaiely io In5rance5 Of fr•ud or suspecied fraud Ideniified during Ihc audil. Howcver. the primary respon5ibililY for the preveniioTr and detttlion of fraud resis wilh boih man4Eement and Ihose£harged with 80vernance of the company. Our approach was as follows. Wo obTained an understandin8 of the le8al and reeulètory requirements aoplicable to ihe company and £OD51dered thai ihe mosi si8nificant are the Comoanics Jlci 2006. UK finoncièl roporiinÉ standards as 155ued by the Financial Reporiing Council. and LIK iaxation leÉislaiion Wo oblained an ￿nderSrandIn8 of how ihe cornpany cofflplie5 Wlth these reouiretnent5 bv discu5510ns wirtt management and Ihose charged with governance. We a55e55ed the risk of tnaterial mi5StaleTneni of the linaniial 5taternentS, Iniludin8 the risk Lif mèterièl mi5St2tement ttue 10 Iraud and how li might occur. by holdine d1￿u$510￿s With management and those charged wilh governance. Inquired of rnana8emeni and those Ihar8ed with soverDaniE a5 to any known Instanie5 of noncornplianie or SUSP￿ted noniofflpli3nie with laws and regulations. ased on this understandin& we designed specific appropriate au(Jii procedures ro Identify Insianre5 of noncompliance with law5 and reÉulaiions. This included making enquifies of mana8ement and those chargeé With governance and obtaining addilional corroboraiive e¥iLlence 3$ required. Page 11

The Old Vic Theatre Trust 2000 Independent Auditor's Report to the Member5 of The Old Wic Theatre Trust Icontinuedl For the year ended 31 August 2022 There aTe inherent Iitnitalion5 in the audii procedures described above. We are less Iikety to become aware of In5tance5 of non-compliance with laws and re8ul3tlDnS that are noi closely relaied io event5 and rransactions refieited in the detecting one resulting from error. a5 fr3ud rnay involve éeliberate ioDcealfflent by, for example. fofEery or Intenrional fflisrepre5entations, or throu8h collusion. U5t of our report Th15 repofl is made solely io the charitable company's member5, as a body, in aicordante with Chapter 3 of Part 16 of the Companies Att 2rM16. Our èudii work has been undertaken so rhat we fflight State to the Ihariiable compaDy's mefflbers IhosÈ m2Eters which we are reouired 10 sraie to ihem in an auditor's r￿port and for no Dthef purpose. To the fullest Extent pErtlliiied by law, we do not accepi or assume responsibility to any party other ihan the chafiiabie COTnpany and chariiable company's member5 a5 3 body. for our audit work. for this report. or lor the opinions we trave fvrmed. K. L(P James Cross (Senloi Statutory Audltorl for and on behall of Moore Kiniston Smith LLP Dal8'. 20 June 2023 9 Aopold 5trev.t London IC2A 2AP Ch4rterpd A¢¢ountanis Statutory Audltor Page 12

The Old Vic Theatre Trust 2000 CONSOIIDATED5fATEMENT OF FIPIANC￿l￿Cr1V11 INCLUDING INCOMEAAD EXPENDITUAEACCOiWT For ihe yearended 31 414u5t 2022 Res11￿￿ed vnre5trittrd Fwd FU￿d5 Toal 1022 14 Incornt Irorn.. 0onat.ons ènd leÉacies L816.143 5.Lry.344 9.249,229 Oporationoltho3tre 6.721.754 6.727.7i4 ,489,052 Ot4ErtrJdiogartlV115 IThO.08 IAW).082 Tut41 Incorno EipEndlturtan-. 2.227 276 811.45Y 655.179 4.126 497.% C4mm*r(Iè' ITadinBopv4tion5 8.824.855 122.992 12.",64. S93.86". 7.757.950 $54.IC6 272.919 du¢aliory ind Commun￿.¥￿0￿￿ 476,869 Il8.826 I19.￿6 12.160 T¢t•l EMpen0￿¥￿t r4ei Ineomtl It¥pendlturtl OlhorreC￿RTrbStd Rain5 tmairp ia¥ tpl clana 1189.&67 1.189.667 Glo55 tl3n51tr5 betwotn 16 591,079 Net MO¥￿￿nI Inlufi 3.IS5 1&4 21.OPO 771 24 276 04% Pa8e 13

The Old Vic Theatre Trust 2000 CONSOLIDATED BALANCE SHEET as at 31 Au8USt Z022 2021 Note Fixed Assets T3nÉible assecs li 18.B63.989 18,863,989 16,973,806 16.973.806 CUARENT ASSETS 32.952 4.169.488 12.313.865 16.516.305 41,907 1.053,339 16.297,802 17,393,048 T)ebtors Cash ai bank and ith hènd 13 CURRENT LIABILITIES Creditor5. arnounts falling due wirhin one Year 14 15.825.305) 15,210,895) NET CURRENT ASSETS 10,691.(KK) 12.182,153 Toial asseis less ¢urr¢nt113blltles 29.JJ4.989 29.155,959 Creditor5. amounts falling due after rmre than on¢ ytar 15 14.880.981) 14,929.8641 NET ASSETS 24.674.008 24.226,095 fte5trilted Fund$ 16 3,743,903 3,155,364 Unre51fiCted Funds. Genor31 unrestricied funds Desi6nated funds ReVaI￿atIon reserve 16 6.5411.775 14.388,330 5,2B3,673 9.051,913 6.735.145 20.930,IOS 21.0?0,731 TOTAL FUNDS 14,674.008 24,226,095 The financial 5taiement were approved byihe Trustoes and a￿hOrISed fof Issue on 19 June 2023 and were signed on rheir behalf by.. N I Clorry G Gopalan Dlre¢tor and Trustee ICh•ir of the Bo•rfl Company Reg151raiion No.. 03667822 Dirertor and Tru51ee Ichair of Finan£e and Risk Commitieel Page 14

The Old Vic Theatre Trust 2000 CHARITY BAIANCE SHEET as at 31 August 2022 2D21 2021 Note Fixed A55els Tangible assets Investrnents 18.861.499 16.967.849 L2 18.861,51)1 16,967,853 CURRENT ASSETS Debtors Cash at bank and In han 13 9.605,538 1./.117.74] 11.053.2?9 8,166,558 8.377.674 J6.544.232 CURRENT LIABILITIES Ciedito¢s.- èmaunis falling duÈ within one ycar 13.943.321) 15.994.9811 NET CURRENT ASSETS 7,109,958 10.S49.251 Total assets less turrtnt liabilit*s 25.971.459 27,517.104 Creditors. amoursis falling due alie< more than one year Is 14.880.9811 14,919,864 NET ASSETS 21.090.478 22.587,24Q rhar41v Fiind 16 3,743,903 3,155,364 Unre51ricied lund5'. General unre5tricied fund5 De518nèted funds Revaluètion reserve Toral uorestricied Funds 16 2.973.632 14.372.943 3.660.205 9.036.526 6,735,145 17.346.575 19,431.876 TOTAL FUNDS 21.090,478 22,SB7.240 As perfflitied by $408 Companies Att 2c￿, the pareni charity has not presenteé Its own statement of linancièl activitio.s and related notes. The charity's deficit for the year was El,a96.76212021'. surplus £1,385,2191. The Financial staiernenis wert approved by theTrv5Lees and authori5ed lor iSSUt on 19 June 2023 nd wpre signed on rhÈir behèlf by. Njckrry G Gopalan Dlrector and Trustee (Chair ol the Booro) Dlrertor and Trustee Ichair of Flnanre and Rlsk Commltteel Company ReÉistration No". 03667822 Page 15

The Old Vic Theatre Trust 2000 CONSOLIDATED CASH FLOW STATEMENT For the year ended 31 August 2022 202Z 2021 Note Cash flows from operatini acti¥i¢ie5 C35h genoraled from operatlOn5 Corporation tax Iredil re¢Èivtrd 21 11,513.9421 41.631 3,880.331 4D3,882 ?A4 ? 147 Cash flow5 frorn in¥estin¥ activities 169,7681 Purchase. of properly. planr equipmenl 12.329.994 1933,3121 Nei cash used in investing activities 12.399.762) 1933,3121 Cash flow5 frorn fin•fitiTh8 artivitles P<oceeds from new bank loans Loins repaid 2.500,fft) 1167,1841 1111,864 1111,B641 2.8J2.gib Change in cash in the reporting perigd 13.983.937) 5,683,717 Cash at the b￿lOnin8 of the reporting period L6.297.802 10,614,085 C•sh at the end ol the report1•¢ period 12,313.865 16.297,802 Page 16

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 1022 I. ACCOUNTING POLICIE5 Company information The Old Vic Theatre Trust 2000 15 a privare company limited by guarantee incorporated in England and Wales. The registered offico 15 The Old Vic. 103 The Cth. Lon¢on. SEI 8NB. 1.1 AccountinB conventio Basls of Preparatlon The finèncièl stètements are prwred In 5terlin8. which IS the functional currency of the company. Moneiary amounts In these fin3ncial statements are rounded to Ihe nearest wund. The financial siatemenrs hawe been Prepared under ihe historical (051 COnvent￿n. The prificipal accounting policie5 adopted are set o￿t below 1.2 8a515 of con5olidatign The consolidated Iinèncial statements Intorporèie those of The Old Vic Theatre Trust 2OW and all Df it5 sub5ididries li.e. entilies thai Ihe 8ioup ioniro15 Ehrough 115 power io govern the financial and operatlll8 policies 50 a5 to obtain economic benelirsl, detailed in note 22 Sub5idiarie5 acquired durin8 rhe year are consolidated usin6 the purchase merhod. Their re5ulrs are incorporated From thc ￿are that control posse5. All finèn(ial statements are made up io 31 Au81151 2022. Where necessary. adju5'.fflenls are made io the financial stalement5 of 5ub5idiarie5 lo brin8 Ihc accountiTh8 policie5 useé Inro linewilh those used byorher members of lhe8ro￿p. All intra-6roup tran5action5. balances and unrealised gains on Iransatrions between 8roup companies are elirninated on consulidaTion. Unreali5ed losses are also eliminaioé unl¢ss the iran5aclion pr￿ideS evidence of an irnpairrnent of the sset rranifÈrred. Pa8e 17

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Augusi z022 1.3 Going Concern The Trustee5 ha￿e assessed whether the USE of ihe8oin8 concern basis is appropriate and havecon5idered p055ible Event5 and conditions Ihat might cast SignitlC3nt doubl on the abilily ol the cnafitable groLJp to cont1nue a5 3 goiThE concern. Detai15 re6ardinE the conrinuEd imp8(t of rhe p3ndp.rnic on the group'5 operations and atfivilie%, togpiher with det3i1s of Ihe measures taken by the group in re5pun5e 10 Ihe silualion In order lo mili8atÈ Iht IIna￿(la1 Impaci. 3re given in the Trii%reeE' ftp.porr The wanagement team have reviewed besi and worst case 5IenariOS iaking in to aiiount uncertainty, inflation and c05t of living Increases. In addition. the manaÈemeni ieam have prepared a deiailed 135hf ow forecast and are confident that the gruup ha$ 5ufficienr resources to remain financially viable for è period of at least 12 muoihs from Ihe dare o151gning of these financial staiemenis. Thus ¥he Trusroes of the Iharitable group Continue to idopt the 80in8 1.4 Income IntorTie from charitable activities and pr0durt1￿ in Lhe Iheaire 15 Included in the period when the performance takes place Iniome frurn comrntrcial èclivilies is included in the period In whiih Ihc 8fDUP 15 ÈntiilEd 10 feceipi. Oonotions are accounted for a5 rei@IV@d by the tharily. Income Is only deferred when it 15 5PeEiliiilly related to futLire accoLintinE 1.5 Expenditure LiabilitiEs ère recognised ès resources expended a5 500n 05 ¢here Is a leeal or construcrive obligation commiiting the choriiy tts the oxpenditure. All fesotsrces eMpen5es are accounted foron on accruals bosis. CharitAblo èclivities include empcndilure a550Ciated With ihe operation ol Ihe iheaiie and the production of theaLrical performafjce5 Ind includes boih the direct COSt5 and support C05rs relirin8 to rhose aciivilies. Such costs include Governance c05t5 inclutle those incurrEd in the governance ol Ihecharily and 115 assets. and are primafily associated with the tonsiitutional and 51raiegic requirernenrs. Co515 of rdisin8 funds are those costs incurred in aiirociing volvniary Income. and those incurred in trading ociiviiies that 1.6 Tanglble Flxed Assets Tangible fixed a55eis are iniiially m?38iired at cosi and svbseouently rnea5ured ai eosi or valuatior, net of deDreciètion and any impairmo.nt losses. Freehold properiies are siaied 01 rp.valued atnounis undef the iransitional provisiun5 of FR5102, bein8 the lèir volue ol the dale of ¢evaluation less any 5ubsequeni depretiation and impairrnent losses. Oepreciaiion 15 reLo8nised so as 10 write off the cost or valuation ol a55ets less their residual values ovÈr their useful lives on the following bases- Freehold buildings Olfice Equipmeni 1% 5trai8hi line 25%- 33% stfaight line 5%- 33% srrai8ht line Freehold land Is nor depre(iated Pa8e 18

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August Z022 I. ACCOUNTING POLICIES Itontinuedl The Éairn or 055 arisin8 on the disp0531 of an a55Ct 15 detertnined as the difference between the sale proceed5 and ihe carrying valuo ol Ihe a55el, 15 (redited or charged to the statement of financial actlvitie5. 1,7 Fixed a55et invEstments In the parent chariiy financièl statement5. in¥e5tment5 in subsidiarie5. a550ciates and jointly lontrol￿e￿ entities are Initially measured at C05t and 5ub5eouently rDeasured at C05t less any accumulatod irngairmeni losses. A subsidiary 15 an entiiy controlle<l by the group. Conirol is ihe s)ower to govtrn thÈ finanf ial and operating policies of the entity su as to obtain benef115 f￿[n ILS actlVlLie5. 1.8 lrnpairmeTrt of lixed assets At each reporrinK per od eqd date. the 8roup review5 the carryin8 afflouryt5 of it5 tan8ible and intangible assP15 10 determine whether there is any inditèlion that ihose a5se15 have 5urfered an iffjpaifrneni loss If any such indication xist5. the rccoverable irnounr of the a55ei 15 estimated in order ro deierrnine the e¥ient of the impaifment loss lil any). Where it 15 nor po55ible to estimate the recoverable arnouni of an individual asset, ltte 8roup estimatei ttye rÈtoverable arnount of thp. cash.generatin8 unit io which the asset bdongs. Recoverable amouni 15 the hi8hei ol lairvalue le5S C05lS to sell. and value in use In assessing vèlue in use, the ostimated future cash f1ow5 are di5counleé io their presenr value usin8 a pre-.èx discounT rate ihèi rollecis current market a55essmeDts ol thE time value of money ènd Ihe risks speiilic ¢0 Ihe assei for which rhe e51imales of future cash flo¥vs have not been adjusted. For èsseis used In dÈliverin8 ¢hariiable acrivitie5, consi¢erarion is given to The serwice potenrièl of those a55ets 10 ochieve those charitable obie(twe5. 11 the retoverèble amount of an asset lor Cash generatin8 unill 15 e5tirnareé lo be less than its carryin8 amount, the tarrying amount of the èssei lor cash-EeneraiinE vniil is reduced to Ils recoverable amount. An impaprmeni loss is reio8n15ed imrnediaiely in the stalemeni ol Iinancial èctiyily. unless the relevèni assei Is carfied ai 3 fevjlued amount, in which case the impairmernt loss is treated as a revaluaEion de(rease. Reco8nised impairment losses are ieversed Il, and only il. the rtisons for the impairrneni 1055 have ceased to applv. Where an irnpairmeni1055 5ubsequerTrtly revcr5es, the carryin8 amouni ol the èssei lor cash-8eneratin8 unit) is iThcreÈsed lo the rev15ed estimate ol It5 recoverable amount. bui so thai the Increèsed cèrrying amount does not exceed the carrying amount that would have been determined had no irnpaiTrneni ID55 been rpiogni5ed for the as5ei lor c3sh generatin8 unit) in prior years. A reversèl of èn Impairmeni Ioss is reco8nised irnrnediaiely In the statement of financial acTiVitie5, unle55 Ihe relevoni o55ei is carried ai a revalved amounL in which case the reversal of the Imp8hrment105s 15 treated as a revalu31ion increase P38e 19

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2022 I. ACCOUNTING POLICIES IcDntinuEdl 1.9 Stotk 51ock 15 Stated at the lower of cost and esTSm3ted selllng prlce less c05tS to complete and se11. Cusl LUITIVTi5e> Jji¢LI rnaterials and, where applicable. diroit labour 10515 diid Ihose overheads ihot have been incurred in brin8in8 the stock to Its present location and condirion. Jr t.,C ',OW¥, of repl- t and cc: diusred whereapplicablefor èny loss of service potential.At Each reporling dète, an assessmentis made for Impairment. Any exie55 of the carryiftg amount of stock over lis esiimaied selling price le$5 COSt5 to IOTNplete and sell Is recognised as an Impairfflont1055 in the statemeni of finaniial attiyit1Ès. Reversals ol irnpairment1055es are also recognised In the 1.10 Cash at Bank and in hand Cash at boiik artd In hand are ba51c Iinaniial assets ènd Include cash in hand. deposits held at call with banks, other 5hort-term liquid invesimenis with original maturitie5 of thrte months or less. and bank overdr4ft5. 8ank over(Jrofis are shown within borrowin85 ID c￿rrent Iiabililies. 1.11 Flnantial Instruments The iumpany has only basir financial instrumenTS meèsvred at amortised cosi. with no financial instruments classified as other, o. b3511 InStrum¢nis measlbred at fair voluE 1,12 Ernplovee benpfits The cost5 of 5hDrt trrTll employee benefi15 are reco8nised as a liability and an expense. Unless ih05e c05t5 arc rcquirod 10 be reco8nised as port of thc r05t ol stock or fixed 355ei5. The cost of any unused loliday cntiilerneni Is feco8niseé in the period in which the employee's service5 are received. Terrnina¢ion bÈnelilS are reco8n15ed irnrnedioiely as an expense when the Eroup 15 demonstrably committed 10 iermlnate the ernplo¥meni of an employee or io proviée ierrninaiiofi benefils 1.13 Retirement benellts Plyirenis to delined coniriburion retir•m*nr benelil srhernes are char8eLI a5 an expense as fhey fall due. 1.14 Leases Rentals payable under operating leases, includin8 any lease inceniiVÈS tecetved, are char8ed to incornc on a 51faight line basis over the term of the felevani lease except where another more systematic ba515 15 more repftseniative of ihe time p31tern in which economic benefit5 from Ihe leased are consumed. 1.15 Fund a¢¢ouNtin8 Genp.ral funds are unrestricted lund9 which arÈ available for use ai ihe di5creiion of Ihc Trusree5 in furnherance of ihe 8enÈral obieciives ol Ihe cornpony and which have noi been desi8nated for other purposcs. De5i8natÈd funds comprise unre51ricied funds that have been set aside by the Trustees for particular purposes. The aim and use of each desi8nated fund is sei out in the notes to Ihe financial statemen15. Restricted funds are fundg which are to be used in accordance With 5pecifi£ re5rrictions imposed by donors or which have been raised by the comDany for pariicular purpD5e5 The cos15 of raisinÉ and adTninisiering 5u¢h fuDd5 are charged è8ain5t the specific fund. The aim and use ol each restsicted fund 15 Sei oui in the note5 to the financial staiemeni5. Inve51rnent income. gain5 and losses ère allwated 10 the appropriato fund. 1.16 Government Eranis GovÈrnmeni gran15 arp reiogn15ed whtn there Is reasonable ¥55urance that the 8rènt conditions will be met and the grant5 will be reieived. Page 20

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL 5TATEMENT5 For the year ended 31 Au8USt 2022 I. ACCOUNTING POLICIÉS Icontinuedl A Erallt thai Specifies perform3nce conditions is recoEnised in income when the performance tonditlOn5 are rnet. Where è grani does not speciFy performance conditions, it is reiognised In incorne when the proceeds are fKeived or receivable. A grani received before the recognrtion criteria are satisfied is retO8ni5ed a5 a liability. 1.17 Taxallon The Cofflpany 15 a registered charity ané as such 15 eniirled to exemption from taxation on its chariiable activities under Ihe Corporaiion f4x Act 2010. 2. Donatlons 2022 2021 Voluntary incorne Membership. Clubs and Friend Income Gran¢s 3,043,D70 1.482.824 1.283.450 5,An9.344 4,055.SIA 440.758 4.7S2.853 9.249.729 The split of donations be.Iwttn restricted and unrestricied is E3.993.201 El,816.143 re5pectivelv 12021. £8,205,103 and £1,044.t261. 3. lfitomlni resource5 from charltable 2022 2021 Uftfestiirted Funds 8ox office gross Income Theatre hire eic. Oiher Incornc 4,541.480 2,461.540 27,512 721.154 52 4. Commefclal tradlnl operations Income and expenditure Is Irom the operèiions of the charity'5 trading 5ubsidiarie5, excludin8 the costs rcl3te(J to credlin8 and Tunning the Theatrical productions. Further details ènd ttadin8 results of the subsidiaries are pro￿l￿e￿ In note22. Sufflmary oliroyp tvadinl result5'. 2022 2021 Turnover Coronavirus Job RÈrention Scheme intome lincluded wilhin 8rant illtomel 1,080,082 18.6341 1,692,161 Corporatp event costs Serviies 10515 1112.5661 1570,3011 184,8791 1188,7441 11.301,0201 189,3771 Administrative expenses 303.702 113.Q20 Page 21

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2022 S. FundralslnR Costs 2012 2021 Gener41 event cosis 227,394 590.105 497.906 The split of fundrai5inE lOSts between resiricted and unre5trKied E2.227 antl £815,272 respectively 12021 £492.322 an(115.5841 6. Direct ¢05ts ot operation oltheatre 2011 2021 Olred cosis of operaiion of theatre Produciion 105t5 Produciion salary c05f5 2,478,103 1,612.783 4,571.760 656,583 893.274 165.182 336,93? 249,601 47,284 439.Bll 387,359 283,429 3,299,720 594.d42 2.575.634 62.312 634,353 273,190 116.021 542,766 45 436,336 72,093 108,104 d,119 Offitt costs Insurances ConTultarycy Fee3 Cornputer costs Depreciarion Irrecoverable VAT 8ank charges Exchange r•te10sg 12,108,375 5S,691 7,719,135 3￿,815 Share of io¥eran¢e costs Costs of operatlon of theatre 12.164,1)66 7,757950 The splii ol direct <osis ol operation of the theètre berween restricted and unrestricted 15 f 2.334,21 I and £9.829.855 respectively IZ021.- £1,553.420 ané £6.204.5301- Page 22

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For tho year ended 31 August 2022 7. Charitable artlvitie5 2022 2011 Support costs includinB governante t05t5 175.517 110,975 Support Governance costs QSts 2022 2021 Le8al and professional fees Auditors, rernuneration Aulii fees Auditors, remuneration Non audit fee5 29,841 20,350 29,841 20.350 5,500 55.691 12,009 21,806 5.000 38,815 55.691 8ank interest 119,826 L19.826 72,160 119.826 55.691 175.517 110,975 Net inwrnelexpendhure This is Stèted ofter char8in8 the followin8'. 2022 2021 Fees oayable ro ihe compèny's audiior Fees payable 10 the compèny's audilOT for non-audil 5er¥ices Fees payable ro the company's auditor for subsidiary audit Fees payable 10 the compèny s auditor for subsidiary non-avdil 5ervice5 Depreciation of owned tangible assets 20,350 5,500 16,830 J3,750 439,811 21,8D6 S,ODO 16,900 9,250 1131.767 9. Indemnlty Insurante 2022 2011 Tru51ee5' indemnity insurance 407 ID 2022, the cover was Included within management liability insuranie and the cost 15 not separately identitièble. Trusiees indemnity In4uran¢È indemfiifies ihe Irusiees and other officers a8ainst any Conseouence of any Doglect Of default on their part. io. Employees 5tèff costs were as follow5.. GfOUP 2012 2021 Wè8es and salèrie5 Sotial sÈcuritV C05T5 Other pensioft costs 6,019,872 499,517 117,444 4.769,852 313,79D 83.911 6,636.B33 5,167,553 Page 23

The Old Vic Theatre Trust 2000 NOTES TOTHE FINANCIAL￿ATEmENTs For the year ended 31 August 2022 10. Employees Icontinuedl Tho avorago nurnbcr of persons employed by ihe cofflpany durine the year was a5 follows: Group Charity 2022 zo21 1021 2021 AdrniDlStration, mèrketine and comrnercial Producrion Technical Fundrai51n8 Staff 450 393 120 68 li io io 12 io 12 443 145 Ten employee5 Èarned more than £60.OW lor the year12021. sixL Groyp 2022 2021 £IIO,ODI £120,000 £IOO,001 . EIIO,OLX) f 90.001 1100,000 80,001 - £90.000 170,001 . £80,000 É60.(X)1- £70,000 io Ihe rpmunerèiion ol kcv manakpmetyi oersonnel for the vear was £1,026,23612021.. E895,7681 PèRe 24

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENT5 For the year ended 31 Au8USt 2022 11. Tangible Flxed Assets Group Freehold land Fixtures and and buildings Fittin85 Office equipment Assets under constructh)n Total C05t or valuation At 15eptember 2D21 Additions Transfers I2.9(¥).￿N) 6.245,047 83.692 379.458 14.4761 455,672 503,56 2,246,302 1379,4581 20.104.280 2,329.994 14,4761 Al 31 August 2022 I2.900,￿0 6,703.721 455,672 2,370,405 22.429.7YA DeprÈciation At I September 2011 Chèrge for ihe Year Ilimin31ed in respect of disposals 447.478 129.000 2.320.6 287.855 14.4761 362.390 22,956 3,130,474 439,811 t 31 Au8U5r 2022 576.1178 2.603.985 385.346 3.565.809 Net Book Value AI 31 AJ8U51 2022 12.323.522 4.099.736 70.326 2.370,405 18,863,989 Ar 31 Au8USt 2021 12.452.522 3.924.441 93.282 $03,561 16,973,806 Charlly FreÈhold land Fixture5 and and bulldines Fittlnes oirice equipment 4s5eis under tonstructlon Total Cost or valu4tion At I September 2021 12.900.C#JO 6.227.702 83.691 379.458 Id,A761 455,672 503.561 2,246,302 1379,4581 20,086.935 2.329.993 Transfers Diposals 14,4761 At 31 Auausr 2022 I2,9l￿.000 6.686.375 455,672 2,370,405 22,412.452 r)epre¢iati•n At I Sepiember 2021 Charse for the Year Eliminèted in rospett of disposals 447.478 129.C#)J 2,309.219 284.386 14.4761 362,390 22.956 3.119.087 436,342 AI 31 Au8U5t 2022 576.478 2.589.129 385.346 3,550.953 Net Book Value At 31 August 2022 12.323.522 4,097,246 70,326 2,370,405 18.861,499 At 31 August 2021 12.tJ52,522 3,918,483 93,282 503,561 16,967,848 Page 25

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2022 12. Fixed asset ithvestments Group 2D22 Charity 2022 2011 2021 Invesrmenis In subsidiarie5 Charity Investments in Cosi At I September 202J Disposal At 31 Augu5r 2022 Net book Valy• At 31 AuÉu5'. 2022 AI 31 Au8U5t 2021 Page 26

The Old Vic Theatre Trust 2000 NOTESTO THE FINANCIAL 5TATEMENfs For the year ended 31 August 2022 13. DebtDr5 Group 2022 Charitv 2022 1011 2021 Amounts falling due within oneyear.. Trade debtor5 Corporation lax repayable AmDunts due from 5ub5idiary undertakinB5 Other debtors Prepayments ané accrued income 267,845 1.401,720 387,346 180.385 16,880 2,000 7,974.570 21,963 1,591,725 .041,147 79.899 43,512 99,972 2,338,524 111,706 239,176 4,108,1%1 918,613 9,605,538 8,166.558 Amounts lalllni due iteafer than oneveai- Deferred cax asset 61.427 134.726 Toial debtor5 4.169.488 1.053.339 9,60J,538 8.166,558 14. Creditors Group 2022 Chadrv 2022 2021 1021 8ank loans Olhor loan5 Tradp IrediTors Amounts owed to subsidiary undertakin15 Olher iaxaiion and Social $￿urI1V her credJt015 ccrua15 Advanced bookings Dolerrod Incom 110,842 I,aoo.(¥Jo 1,135,692 123,765 i.ow.000 611,985 110,842 I,ow,000 853,793 123.76S 253,067 3,010,979 59,192 ?,701 615,990 1.924,287 144.064 l.056.246 842.266 1.536.195 101.818 338.FOI 806.646 2.092,980 90.349 8.859 607,239 I,272.239 5.825.305 5.210,895 .943.3 15. Credlto¢s.' Amounis lèllinR due alter more Ihan one year Group 2022 Ch4riiv 2022 2021 2021 ènk loans- secured Other loans 2.310.142 2,570.839 2.409,029 2.520,835 .864 2.310,142 2,570,839 2.409,029 2.520,835 4,929,864 Maturity of debt Group 2012 Charlty iozi 2021 2021 Repayable by instalment5'. One year or less Less than two years Le55 than five vears In liv￿ ye3rs of mor¢ I.IID.842 115.280 762.803 11.002.898 123.765 174.183 682.456 .052,390 1,110,842 115.280 762.803 I,￿2,898 123.765 126.452 396.071 1,886.507 5,991.823 5.032.794 5,991.823 2,532.795 The bank loan Is secured OTr the freehold prDperty. The loan faciliry is fEpayable in instalments by September 203E and the rate of inrere5r 1$ 2.05% per annuffl over base rare. The £2.5rn loan from the Art Council England a5 well as the £lrn orher loan Shown In noie 14 15 conside.red to be public benefit entity CDncessionary loan as the interest rateof the loan 15 below the prevailing (narket rate. The leans are valued ai amortised cost U51n8 Ihe effective interest rnethod. The Arts Council England loan accrues interest annually at 2% and 18 repayable over 20 years. with a reoayment hdiday fof the firsi four years. The loan Ylas fully drawn down in year entSed 31 Au8U5t 2021. The other loan of lltn 15 not intcrcst boaring and 15 not repayable

The Old Vic Theatre Trust 2000 NofE5 TOTHE FIt4AKIAl5fATEMErir5 FOrth￿￿arend￿d JLA4¥urt2012 16 Cons¢lwJitEd I SÈptÈMbÈr Inwn Exppndrtwe 0￿d￿$S¢S Other TraD5fers JIAugu5t Nate5 743. 0ts¢•yon COrnrnUnlty'. dui3LiOn & Comrnuniiv nfpartment 172.76¢ 23.791 78.681 1178.2401 171.? b6.558 2.459 Cofflrnufflity Proitct IprEwouslYGel The.oni CcVIDWelln￿l Pi4tc 3P.4C 30.661 137.4(Ll iio.rto 33.A97 20,340 2.a04 23.118 The 10.917 iU.X41 iu.wJ 3.750 13.C67 14.b CornM￿nI￿c￿U (pre¥￿￿51YcVftaInUpj 14.5tNJi 3,750 7.Y7'J Spec￿1 Pioittts.. 738.2 622.191 109XQ l.828 7il 59.Th) 11.3A4.8III I￿).671) 1.708.448 98.060 58.060 119.00)1 Ind1¥h1￿11 proieci%', 998 l479 io& 6$ 613 28H 2ZO 1182.1191 23.8&5 144.rn61 14ZI.LKIUI l).3301 122.4 14.COJ 35?.IX*) 114.COOI all '.4.gObl 1'.6B.7WI 737,094 350.ftt) 40.077 AAOV Com￿15￿10￿1￿1 Iundrlinedl 140.0771 16 1286 1701 285IYJ UDrqstiictpd Funds.. Dg5iqryufE& 1,6W.D 6.951913 5.3J6.417 9.%1 913 5.283.6?) 9.623.979 I,Le9.667 1.9¥9.eL17 8.541.775 19 RLwaluJlion io T¢t•l Ivnds 24.I2&095 1&617.1 I.IEY.667 t4.614￿08 P38e 28

The Old Vic Theatre Trust 2000 P40TESIO THE FINANCIAiSTATEMEt47s ForthEyearended alA￿U5?012 16. Con501Hlited 5t•fompntol luD& l F84¥ Tr3f5Forof restool1￿ ltrrfyto p4foreonoralcJpilal w0tksund0ri￿ÈGèfte.￿l1U￿-. £272k HL41O1￿p￿8es lor ThèAr.nex prDject moved ID He5eTVE5CopitalC¥nwsD Illi￿rI l Transfer ot E2 4kOI&Vic 12 bJlancÈto E&( Thtat•e Maqors(V41 ran5fei 0 120k frorn Ihe ImFèrl Furyl Ire5lTiCted furyJ.nEtor F&ll loc0￿r3ddl￿￿3I E&C c05tslVBI Translor o1123klwrt I￿￿1￿)Jac1 ItestlKI¢ fur￿l￿gI0t ISCI Its(Overa￿l￿k)Tra.£8£ ro415 Ivei 7 E194k TraislorolinLtsmtto Capi141 Cèpioaiin P?9. £2?2kllènslei ol1rfo.￿efroth ttp$lurat￿ry Lrty rrAnsfpr of f19k-.a co￿1 C3PitJcoJt5 Foi BOH orknnexunder IheGeneral FJfMI g Tr4nslero14ums Irorn Ihp ImEart Iie5trittedfunrtiniforFdUcat￿DaThl(L￿M￿￿ilylI￿(O¥eraddrt1on3l ELC ctss'.s IVBI IQ TraThs10rio IhDCenyfol fut¥JToc0￿ Eoi15wiihir Pru0w1￿7 t￿1 thePubl[ lu￿ 5UPWrts [1￿￿[a￿p5leIIr1Qd. I91A NJmber. IIODk471h and 11 TransI￿r of ROS￿ Foundathon lncomtrtoG￿r31Jm IOCQvei thetyerhe￿ OporaTionsard To(hirfn Invulved In dDin£ the dDC 12 Tran5TE. f5?k iu t￿e5c￿Er￿1 lorc05t5 Tpbbnxto IDmmi55wiryardQpod￿￿0￿SlR&D fdcas¢sln ttte¥oarl 13 Tiansfe"of £38ktO Ihe GenEral fundforcw15 giodxtiOASIH&UPttsJ￿.lo￿ eloasin Iht year 14 TrJn51crolE2 4k Qld Vi( 11 balonretoE$CTheatr¢ Mak¢rslV81 16 Tran51or C4Dk 10 ino Genral Fu￿j￿fIuOOs IOSipom1￿ Ibtairt itt ttryoèi w51￿0¥ board apprsy4dl 1? 1221k-rdnslpr to Gpnera.. èDd I61ktiansfEI t￿b￿lIty1￿ tocoryeo hstorrCa¢du5t￿0ntyar￿￿￿Ve(I?I￿nre1aIln1 io Ihe rev41￿￿￿ li rr4nslp' tu correi.. h15tUr￿]d1￿tmvvlS4n# dCDitroiK)nrd4tiry ig iFcrrolued e￿ment01 thebuiWr¥ 10 Trèp%lpr tll Iprrtil h￿i￿riCa4 u5tMPn￿4TrddWCc41WJPrdl1ir8 io iheryrf4iJe4 t￿ment01 tbebuittllry.

The Old Vic Theatre Trust 2000 NOTESTOThE FIIIANQALSTATEMEFIT5 ForthÈ year ended 31AuD¢t ?lJ21 ISÈptembpr Éxwditure Othev Tr4n&fors 31 Au8uSt Restrlrlod Funts.. 733.3-. EouCJ'.ion & Cowrmull ty 1&85 158.8781 IB.¥9 86.792 15.LXX) 110g.P851 Schoo1 16.366 J.492 31443 35.0.. 14.920 24.751 I75.c￿3> 183.7401 49.866 39,131 3U.6b7 8).964 50.153 19.[ Id64 J.384 11.6851 10.847 26.12) 29.664 10.847 'hoatrc PO.4crs yrt41rt U 1.420 16.foj 47SO i3.￿1 '.3,061 Wor 5pEchl Ptojecis 8l.21r4 19.928 6￿.? 2ZO.132 27fj,tsXg I182.r￿1 I rd4wrnni p•tu1￿$ IrKDw•yahts 5l4.4l .789.8411 Srhpmo I E05.W5 11.505.WS1 71 6.945.954 5(XTr.( S.959 Genpral Funo a.63?.294 5.22x339 1fy.690.F771 ?.773.7( Hevdludt or Ititi¥ 6.196U5 161,3fNJI 6.735.145 13.4JO.441 14.216.095 Page 30

The Old Vic Theatre Trust 2000 NOTE5TO THE FINANCIAlSfATEMEWTS Forthe yeareTh1Èd31 A￿u￿t 2022 16. ConSohlatedJtstemEntOfhkn￿1¢DnE1￿￿J 1 5tptombÈr Inrarn EKppnditure Oiher •hidkns5es￿Vj￿knd lain5 Hestii(ttd Fwds.. 743.119 FO1￿0￿10n & CuffjffluDI'.y DEDartment l?2.P64 23.791 17&681 1178.1401 2.459 T￿1￿ LDllg COVIDWolrw PrOICI Pak￿ Ihe Ltod 37Q .661 lio.( 31.497 1120.1271 20.14D 2.4?4 23 778 Thc 0.047 JD.LW ooml LommutlltyCl￿b Ipievknuis¥CuP.Èin IL.J4UJ J.i>u Aluiyini l)leyiOultyCtsnneLtI 13.067 3.750 J6. 16.625 1&0301 7.97U lev3'.e Vroiect3 738.20S 622.191 109. 1.82&757 59.Cb)) IS.5B5 112Q.JUYI 119,L¥X) 1.708,448 98.C60 405.998 14?.981 4fy).JJ) 24.885 169.997 65.622 2R&220 144.riJ6 (421.￿0 Ind1¥bd￿oI plo￿ttl PuDbF￿￿d 11.3JO) ICil.673 122.4fA) .Y74 Téieot Ueveloprntn.. IFovmoiwOldVk 14.( 352.LLK) 1l4.wl 237.094 3W.O 40.077 I16&7￿1 AAOV Commi55ionln8 iufjdetrdl Othor Untei¢rk¢edFwds'. .600.￿D 6.936 526 5W.(XX) An￿￿ und 166Q2 F.525.867 ¢10.2t)2.2471 1.989.807 6.735.:45 19.431J76 1.525.867 io 24 591rn Toialfunds .587.IdQ I.Q90.178 P3ge 31

The Old Vic Theatre Trust 2000 NOTES TOTHE FifiANCIAL5TATEMÉNTS Foribe yeJr erthd JI AuKu5L2OII l& COr￿Ik13¢e￿5t￿1¢i￿ThtO1 lur4s IIDntinLYdl Isept￿ther 1020 Inrorn EN￿altUre nd ltsssÈsr•wni%ed 8ains Tranifer5 31 Auiust 2021 Restricted Fynds'.- bijlldlne. 733.3IB 9.gJF 743.119 Eéucatlon Ind cornm¥n￿¥'. Education & Cumrnunitv Depèrift)eTht C0515 o.y4y ,iJJ 195.249 16.266 3.492 6.792 15.L 61.036 BI.VA S0.I93 63.151 1109.7851 172.764 23.791 39.331 30,661 5￿MmPr Sihool Gvt Goifi Thke Ih( Lèad 9.345 49.866 IA3.7401 1104.1671 35.Q14 14.920 19.0 34,6411 Arti5tif DVVC￿prnQn1 301 lQ.847 1.384 11.68SI The Hub 26.121 29.664 10.Y47 1.420 16. 13J,ORAI Curtain Up 3.750 13.(K¥7 L9.150 13.OG7 12.840) ?,840 Worl EKpoiienco Spètlll ohrti'. 81.209 1277.9191 279,699 738.205 En#owmeni reiuTTrs Incomo dlU.132 Il¥2.IWI 514.415 3.423,183 3.LW.COJ 1.264,381 11.F89.8471 IMAC Coiyn4virui Job J4J.IlJA ¥rhprn Urtr•5tiid•d Fund5'. I.6￿.rI 6.936.)26 1.600,0 6.936.52S soo.0 Ann¥¥ lund Gènotai Fund 665.01 4 169.947 13.994.426) 2.779,6QS 1.660.205 6.7%.445 161,300 6.735,145 41 .9x426 19,431,8 Total funds 18.101.011 11.112.4LI 11,517,140 P3gÈ 32

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Au8USt 2022 16. Con501idated Statement of fvr￿S Icontinuedl Re51rittEd luTrd5 Maintenance of bulldln8 ,unds reldle5 to funds re5trirted tothe building improvements whicl were spent in the 2018119 finanrial year. Restoration levy fund5 are restricre¢J 10 OrtÉoinR renovation work requrred to preserve the theatre for futUfP genÈrations. Eduration and communilv The Old Vic's sreadfast commiiment to education. cornrnunrty ané emerÉinE ralenr is jusl as imporiènt as the work that Kaes an stage. Through a range of pro8rammes. we aim to inspire young people and wdcome and diverse audiences to The Old Vic. To bring rhi5 to fruition, The Old Vic delivers the followin8 projects-. Education 14-1 ofl Our flaEship Schools Pro8ramme. Working In partnership With 40 London school from areas of London vlith PDor arts prov15ion. Scheols Club welcomes up ro 1.200 vounl people io The Old Vic each year The yeèr-long programrne SUPPOTt5 ar15 ID schoo15 by oflering free Iheaife lickers, bespoke workshops, b•ck5rage rour5 and a ran8e of educational re50urce5 T k he Leid.. For 51udents in Years 11-13 Theatre-based work5hoos that support Social mobiliiy and build on live lore ernployability skills.. communication self mana8erreni, self belief. teèmwork and problern 5DIving. Drawing on The Old Vic's emiensive exoerience as a Iheairjral Insiilulion. Ihi$ progromme works with up 10 40 8roup5 across London and SUPPOfls studen15 lake their next steps into the world ul work or hi8her edwalion. Open to young people in London aged 16-25 who. ai the lime ol applyin8, were not in Èducaiion. employment or Irainin8 INF ETS) The pro8ramme ran in Autumn 2021, offering paid plaiemenis ai culiural or8anisations ècfoss Larnbeth, Includin8 POD 8,ixion. Southban* Centrt, 51reatharn Space Projeci, Beaconsfield Contemporèry Art, The Africa Centre and The Old Vic. As well ès on Ihe job irainin8. the programme commenced wilh an induction workshop and tulminaied in g CV workshop. exploring the skills participants have developed Ènd how io apply rhem to next steps. In addition. pariicipants benefited from a networking se5$1(pn wirh industry profes5ion315 and prospective ernployers. le Fropt Line al Thp. Old Vic gives paid placements in our Front of House teams 10 youn8 people aged 16-Z5. Throu8h £reaiive workshops antl viorking alon85i¢e our slalf. pariicip4ntS 8ain viial on-lhe-job learning opporlLJllilies and are 5uDported to develop key einpl¢yabiliry skills ioaid Iheirfururecareer5. Sincethe proiect bo8an In 2015. we hawe worked with 210 youn8 people. making Front Line one of our longesi runninE and most suc£e55ful proie£ts. Page33

The Old Vic Theatre Trust 2000 NOTE5 TO THE FINANCIAL STATEMENTS ForthE year ended 31 Augu# z022 16. Consolidated statement of lurwJ5 Icortinued Education Iconlinuedl IB+ OfferinK adv3nced hand5.on expEfience In creaiwe facilitati￿ an(5 the chante to dtrvelop key iransferab1e ski115. The programfDe •nA cnDnprl thvm tn ¥n.IblLny AtrfÈ%¥ Ill ii>h% hiid rrpatiVP Qnnort￿nltle5 c￿Er 12 se$510n5: Qarticipanis ekDerience practical facilitation rrainin8 from The Ohl Vic fducaiion & Community team and guestcreatwe pra{rit￿nerS as they Ih re M kers.. For oun Theatre M8kpr& Is a free Six-month prograrnme lor 18-25 year olds offering participant5 OPPOrtuniliÈs 10 develop creative conncciions and cieaie a toolkit tD 015CU5s and make rheaire in the midst of our changing sotiety The 2021 project Involved working wlth 22 young theatre makers IhrrJu8h a serie5 of workshops and masierclosse5 With ihe supwrt of a professional dirpctnr. partlfipAnt% conceprualised and planned the IvlUTe of theatre oloftgside Qiher vouns creative5. workinK In colléboraiioil With some ol the UK'S leading proleSSbpnal IheatTe makeis The proiecr C￿lminated in a 5how¢os In Decembei 2021 Participai115 ISL) fprpivpd frpp iirkpis in Iw¢> Qld Vir prformances.- A Christmas Carol and A Nurnber. The Hub Tae Education provKles Ifee online ie50vrces lor teachers. studenis. o•renis home Khoolin8. Youn8 rreotives of Ihe futufe Communbty Al The Old Vii we are p455i0nate abour the benelils Ot participation In the tTeatl¥P afTS. which can unlock the Imazination and broèden horbions for PCOPie of ali ages. Obr NommbnrÉy oro8fJrnmc arc de51ifitd its cngJ£c pcoplc tle work Ol Te Old VIE beth on and off 5ta8e and support Improved wellbein8 of our lo￿1 £ummuoitvès. Open 10 ènyono oged SO. the sthème IS flee io join and InCl￿deStICke¢ di5counlS for matinee perfoimances, pre.show even15 and an oppurlJnii¥ to so(ral￿e, meet new peop￿ and IEaD rnore abou( The Old Vic and sho¥Ys. Communit¥ Club. preyioJ%ly known as Curtain up whh. sI￿t 2019. has worked iomwunily 8¢ouos Vlittt limiicd acress tn the arts, oroviding the￿ With Iiee theatrc lickeis. a free dlarna workshop and oesooke access support Through rh15 pfoj@tf The Old Vic is cumffliited Tts removing barriers which may OTdinaiily exclude pwple frr>m acces5in8 theaiie. In response ro the COVID- 19 pandtmi¢ The 01¢ Vic extended Cuitain up from a one•ll engagement to a four-monrh Pfoiromme Through regular workshops 4niJ access to Oltt Vic productions. the piolramme al￿We￿ iroups te remain connected to each other and dcvEIop the.lr creativlty. whi151 SUQOOrtin8 therf menial healib and well being during tbe naiiothai lockdown. Ihis ntWVQfslon of Curiain Up has theielore Oimed io oller parti£ipants consistenc¥ dufin8a time of changè and uncenaintv. Th Tho ionÈLOVID Wt,Iness Pioiect In¥e5ligattd ihe benefrts olen8a8in8wiih theartslo StsPPOrt those with lonKCOVID Th15 iesearch- based, participarory creative Inteiventiun worked Vliih 5pecNalist mDvement and ¥0￿e practitioverstotreate a six-weok proiramme working With 20 adults V4ilh COWD. The weekw ges5ions focused on using movement. breathing and theatre klVlcP PIByYdfi&ht ITainin£ progratnmclor six emei8inewrtiers118 and ovetl The pro8famme 4ncludes. 51udying previously written pIèy5, hearty tsebate ￿V¢r whaL ihewell-made bi8 play 15. and wril1fi8 exeicises aimed atdevclopin8dramatur8ical skills Writers can Alumni NeT¥York IpTeviou5ty Corlnectl Throughout Our hiSIDry darirtg arti515 have been at the forefront of The Old Vic's pioneeiing vision. rhe Alumni Network brinKs together aur talented alumni. invitiDE them balk Irrto our icon buiklinE for on8(Nngprofes51cnal Llevelaptnfnt. £IOtirkc15 to s Work Ex A week10Tr8 woik iraining pro8rafflme for up to 20 14- 18 yearolds. learning tDoo at¢vt The Oil Vic and producing theairo, especially for thuse with little or no attesgtothe arts. S t￿1 and Indhhlual GI2TItS wh th are ntended to 5UPPOrt the commi￿loni￿g of newv4ork. the Bay1155 direcior and addbtional projects or Inrti3ti¥es ouLSide of noTmal operations such astapitsl projects. Page 34

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Augusi 2022 16. Con501idaied swemeni ol fvnd5 IcoThiinuedl Grants which are In:onced 10 5UPPOrt the COrnFniSSiODingof nev4 work. rhe Bayli55 director and addition31 projects or Initiatives outside of normal operations suih a5 capital projoits. DesiEnated fvnd5 The Trustees have designate(I funos a5 follows-. Praduction fund The Production funé represents monie5 Sel aside to support the reopening of the thearre. 8uildin fund The buildinE fund represents ihe monies spent on purchasing the buildin8 and any 5ub5equeni development work Ihat Annex fLJnd This fund represents money desi8nèied by ihe boèré of trusiees to enable Ibe developwent of the Annex proieit. The Afjnex is 3 propeny which 15 bein8 developed as a learnin8 and community space adièceni to the ttteitre buildin6. 17. Analysls ol net assets between fvnds Restrlrted lunds 2022 General Designated tunds lunos 2022 t 2021 É Total funds 2022 Tan8ible fixed assets Current è55elS Croditors due within one year 1.724.033 2,019,870 17,139,956 2.lQO,000 IIID,8421 14.880.98LI 18,B63,989 16.516.305 15,825,305) 14.880.981> 12,396.435 15.71114631 3.743.903 6.681.972 14,248,133 24.674,008 Grou 15 01 ncl a55els beivieen luThJs" wior ear Total fundi 2021 Restrlrttd funds 2021 General fund5 Oe51inated 1021 £ fvThds 2021 £ 6.735.145 9.500,456 5,939,363 9,D36.526 15.087.130) 1123,7651 14.929.8641 Tin6iblo fixed assets Current assets Crcéitors due within one year 738,205 2.417.ISg 16,973,806 17,393.048 15,210.8951 111,925,864) 3,155.364 7.587,378 13.483,353 24,226,095 S￿9 01 net assets between Funds. curreni ear Restricted funds Geneial lund5 2022 Desiinated lund5 202Z Tot•1 nd% 2022 2022 Tan8ib'e fiMed assets Fixed assÈt Invostments Curreni asseis Crediiof5 duc within one year 1.724.033 17,137,466 18,861,499 2.019.870 6.933,409 13.832.479> 2,IW.000 1110.8421 14.880.981) 11,053,279 13.943,3211 14.880,9811 3,743.903 3.]￿.932 14.245.643 21,090,478

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Au8LlSt 2022 17. Analys15 of net as￿1$ between funds Icontinuedl Charit ana 150fn nfvnds- Restrbcted lunds ID21 General Designated lunds lunds IU21 zu21 Total funds 1021 Tan8ible fixÈd bsseis Fixed a$5Ct investmenis Current a55ets Creditors due Wilhin one year 738.205 6,735,145 9,494,499 16,967.8419 2.417.159 5,090,547 15,871.2161 9.036.526 1123.7551 14.929.8S41 16.544.232 15.994.981 14.929,864 3.155,364 5.954.480 13,4?7.396 22.587,240 18. Pon5ion commitments 2022 IQ21 Charge lo the staiemenr of financial aclivilies In respeci of defined coniribution schemes Il7.444 83.911 A defined contribution pension scheme is operated for all qualifyin8 ernployees. Tho 05sels of the 51heme are held sepèraiely from those If the iroup in an Independeniiy adrninlstered fund Included wiihin Other Creditor5 are outstanding . 19. Optr•tin8 lease <ommliment5 Al ihe ¢eportin8 date the 8rovp had OUtstanOing commiiments lor future rninifflum leasp. paymenis under non c3ncellable operalin81È3ses, as fol￿Ws.. 1022 2021 2022 2021 Within I year 8etween l and S years 16.179 19.480 9,579 19.480 3.136 3,136 Total 35.659 29,059 3.136 3,136 20. Capital commitments At the rcoortln8 d31e rhe eroup had outsièndin8 capital cornmiirnent5. a5 follows.. Group and charitv.. 2022 2021 Within l year 3.926.544 377.505 22. Liabilily ot members Tht chariidble cofflpany 15 limited by euèrantee and has no shafe capital. Each metDber ¥uarantees to contribute £1 In the evefit ol è windin8 UP.

The Old Vic Theatre Trust 2000 NOTESTO THE FINANCIAL STATEMENTS For the year ended 31 August 2022 18. Reconciliation of Broup net income to netcashllaw frorn operatinBactNities 1022 2021 Net movÈment in funds Tax credit5 447.913 11,189.6671 119.826 439,811 8,955 11.968.1131 627,333 3.047.37J 1351,1111 72.160 431,767 2,218 437.729 240,197 Depreciatiori and impairrnenr of tangible fimed assets IlTrcreasel/Decrea5e in debtors excluéin8 iaxaijon Decrease in creditors excludin8 iaxation Nei cash 8enerared froml lused in) operations 1,513,9421 3,880,331 19. Subsidiarie5 Deiails of the group s subsidièries at 31 A￿uSt 2022 ès folh)w5'. Name of undertaklni ReKisterEd Natu1¢ ol bvsine$5 olfice Cla55 of shares held Comrnercial trading ofd.narv % Held Dlrect Indlrert The Old Vic services Company Limired The Old Vic Tbe3ire Compèny IThe Cutl knmited loo Theoirical pr¢xluclion Ordin3ry loo Ileii5tered office addres5es'. The Old Vic, 103 The Cur. Lonthln. SE 8NB Page 37

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2022 22. Subsidiaries Icontlthuedl The Old Vi¢ Seryiies Company liftlitÈd-06751149 2022 2021 Summary profft and Ios5 account Turnover 2,333.515 11 7J2.Jlll 1311,0601 19.618 1?3,2991 216.263 279,831 .J13.2481 1237.2801 919.859 134,726 Administrative expense5 Other UPCTaiin8 income Taxation Profit for the year Dlsiributions to pafeni chariiv under 8ift alé Iteiained in the company 216,263 1416,1121 Npt asspt4 and rp4prw 2,490 12,919,978 113.Q53.051 1130.5831 5.959 8,225,052 18,577,857 1846.8461 Cufreni assets Net assets shore caoiial ènd reseives 1346,8461 The Old Vk Th•ti ComDan¥ IThe Cull Llmkned- 0472SS62 1012 2011 5ufflmary profit and loss account Turnover Cost ol salc5 Jldministraiive expensc5 Other operèiin8 income IniÈro%i retivèble similar Income Taxation 9.345,330 17,U60.5911 11,826,1951 3,214.379 13,080.1101 11,J07,0651 250,290 1.203,94] 216,38 497,820 1248,4591 249.-361 1.262.966 21.51 Distributions 10 pérent charity under Eifi ai Reiained In the company 1.721,510 *•l Afthrf 6.305.752 12.591.637) 3.714 11% 3.317.888 11.325,2831 J.492.60.5 Net a55et5 Share c4Dital reserves 3.714.115 1.992.605

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2022 24. Trustees None of Lhe Tru5ttÈs ler any PÈTsons tonnected with them) received any femunerètion or benefits from the chariiy during the turrent or prior year No Trustees received an¥ reimbursed expenses dLJfinB the current or prior vear ID. Compafatlve SOFA Resiricted Llnre5tricted Fut)ds Funds Total 2021 Income from: DonatlOn5 8,205.103 1.044.126 9,249,229 Dperation of theatre 2,489.052 2.489.052 Commercial Iraéin8 uperaiions Investment incorTTt 1,692.161 1,692,161 Total Incorne Expenditufe on.. Fundraising c0519 Commercial tradine oper3fions 92.322 1,162,638 5.584 416.503 497.906 1.579,141 Optsration of theètie Education and communily pro8rornme 1.553,420 554,106 272,919 6,204,530 7,757,950 554.106 272,919 Inlere5t pi¥oble and similar chargeg 72,160 72.160 Total Expendlture .777 Net Income 1.47 Othor rerogni5ed 8ains iheatle tax relief 351,111 351,111 Gross transfers between fund5 12,718.3651 2,718,365 Net movement In lunds 1,451, 3,04 71 Reconciliation of fund5= Fund b818ntes brouRht forward 1.704,031 19.474.693 21,178,724 Fund balances carried forward ,155. 24,226.095 Page 40

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Augusi 2022 23. Related partytransartlons Durin8 the year donaiion5 of £200.QOO I?02l.. f l00.rMIoi wetr rfr.p.ived from one12021'. one) Trustees of the charity nd Iheir close family Included in ihc 6roup'5 Other loans due within eighteen month5 is an amount of £l.CW.(VX)12021 £1.ow,0001 pJ""b!e:a cie tb.e Tr.￿(%: Br%A <￿￿,￿¥1 Pa￿￿bI• tr è fruEtr 5ptr ijp hyth4t Tri i<lpP T￿P Inan ha5 been provided unsecured and iniere5t free. Included within Old Vic Service5 Company Limited otherdebtor5 ￿ an arrM)unt due ro Sally Greene, a trustÈefor £195 12021. £1951. One of the Trustees son Is a director of Granseal lifiiiled. Granscal LimiieLI have and iantinue 10 provide the use ol offite space in Ihp year and p05t year end close to The Old Vbi thearre whilsr the rcfufbishment works on the bank of house are on8Qln8. The offite space is provided ifj exchange for iifkrtq in wilh h vhlup nf £580. Page 39

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Au8USt 2022 13. Related partytransartlOnS Du¢in8 the yÈar donatlOn5 of £200.OW12021.. £Itx),(MJ)I were received from one12021'. one) Trusrees of thecharity and their close faTnily. Included In the group'5 Other loans due within ei8hteen months Is an amount of £l.OQKI.OOQ 1202I". EI,OLM),(K>OI cornprj5Ln8 E500,CN)O payable to one ot rhe TrJstees and £5￿.C4)0 payable io a tfusi sei up by Ihat Trustee. Tho103n has been provided unsecured and intefest free. Included within Old Vic Ser¥ices Company knmited other debtors is an amount due to Sally Greene, a tru51ee for £195 12021.. £1951- One of the Trustees son Is a director of Granseèl Limited Gfènseal limited have and continuE to provide the Use of ofFice space in Ihe year èrtd posi year end ¢lose io The Old Vic theatre whilst the refurb15fvrnent work5 Oll the bank of house are ongoing. The office space is provided in exchange for tickers in wilh a value of £580. PèBe 39

The Old Vic Theatre Trust 2000 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2022 24. Trustees Plone of the Trustee5 lor any peT50ll5 conneited wrth them) received any remuneration or benefit5 ffoFn the Iharity durin8 the Current or prior year. No Trustee5 rec•ved any reimbursed expen5e5 during the iurrent or prior year 25. Compaiaii¥e 50FA Restrirted unrestiirted Funds Funds 2021 Income from: Oonaiion5 8.205.103 1,044,126 9,249,229 Operation of theatre 2.489,052 2.4¥9.052 CoTnrnercial tradin8 ooeraiions Invesrmenr income 1,692,161 1,692,161 Total In¢¢me expenditure on.. Fundra151ng Costs Commercial trèdin8 operation5 492.322 1,162,638 5.584 416.503 497,906 1,579,141 Oporaiion ol Iheèrre Educarion and cornrnuniiy progfamme 1,553,420 554.106 6,204.530 7,757,950 554,106 ?7Tr Q10 17) 010 Interest payable and similar charges 72,160 72,160 Total Empendlturc ,698,7 Net inrome Other rero8nised 8)in5- the•ire tèx reliel 351,111 351.111 Gross iran5fers between funds 12.718.365) 1,718,365 Net movement in funds RetDncllSation of funds.. Fund balances brou8nt forward 1,704.031 19,474,693 21,178.724 Fund balance5 carried forward 3.155.364 21,070,731 24.226,095 P38e 40