## 

|Reports||
|---|---|
|Referenceandadministrativeinformation|1|
|Introduction|3|
|ReportoftheTrustees|6|
|Independentauditor'sreport|18|



|Financialstatements||
|---|---|
|Statementoffinancialactivities|22|
|Balancesheet|23|
|Statementofcashflows|24|
|Principalaccountingpolicies|25|
|Notestothefinancialstatements|30|





## 

||eQueen|
|---|---|
|President|RobertLindsay|
|VicePresidents|BillKenwrightCBE|
||BarbaraLeigh-Hunt|
||SirDerekJacobi|
||SirCameronMackintosh|
||JohnNettlesOBE|
||BillNighy|
||SirHowardPanter|
||LesliePhillipsOBE|
||DameMaggie SmithCH,DBE|
|HonoraryVicePresidents|PaulGane|
||DrDavidHughes|
||BarbaraWhatley|
|BoardofTrustees|SamanthaBond,Chairwoman|
||RichardClifford,ViceChair|
||GilesWatlingMP,ViceChair|
||MichaelBallOBE|
||StephanieColeOBE|
||JanieDee|
||RobertLindsay|
||NatashaMcElhone|
||DrKeithMcKeeMBBSMRCSLRCP|
||DavidMichaels|
||MatthewMitchell|
||RobertNoble|
||PeterPolycarpou|
||PauletteRandallMBE|
||SamanthaSpiro|
||PhilipTalbot|
||JonathanWicks|
||SirStephenWaley-CohenBt|
|HonoraryTreasurer|EdwardOliver,ChairmanofFinance|
||Committee|





## 

|HonoraryLegalAdvisor|MartynGowarMAFTII|
|---|---|
|ConsultingPhysician|DrKeithMcKeeMBBSMRCSLRCP|
|HonChaplain|Rev'dRichardSyms|
|Secretary|SharonLomas|
|Registeredoffice|11GarrickStreet|
||`London`|
||WC2E9AR|
|Auditor|BuzzacottLLP|
||130WoodStreet|
||`London`|
||EC2V6DL|
|Bankers|Coutts&Co|
||440Strand|
||`London`|
||WC2ROQS|
|Investmentmanagers|QuilterCheviot|
||1Kingsway|
||`London`|
||WC2B6AN|
|Solicitors|GowlingsWLGLLP|
||4MoreLondonRiverside|
||`London`|
||SE12AU|





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## 

|RobertLindsay|President|
|---|---|
|SamanthaBond|Chairwoman|
|RichardClifford|Co-ViceChair|
|GilesWatlingMP|Co-ViceChair|
|MichaelBallOBE||
|StephanieColeOBE||
|JanieDee||
|NatashaMcElhone||
|DrKeithMcKeeMBBSMRCSLRCP||
|DavidMichaels||
|MatthewMitchell||
|RobertNoble||
|PeterPolycarpou||
|PauletteRandallMBE||
|SamanthaSpiro||
|PhilipTalbot||
|JonathanWicks||
|SirStephenWaley-CohenBt||



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**----- Start of picture text -----**<br>
08/12/2021<br>**----- End of picture text -----**<br>




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13 January 2022 




## 

|||||||`2021`|||`2020`|
|---|---|---|---|---|---|---|---|---|---|
|||Endowment|Restricted||Unrestricted|Total|Endowment|Unrestricted|Total|
|||funds--—||funds|=funds~"'--funds||funds|funds--|<br>—funds=|
|||`£`||`£`|<br>`£`|<br>`£`|<br>`£`|`£`|`£•`|
|Incomeandendowments||||||||||
|from:||||||||||
|Donationsandlegacies|1|-|1,304,166||637,938|1,942,104|-|769,044|769,044|
|Fundraisingandevents|2|-||-|104,102|104,102|-|3,616|3,616|
|Investments|3|281||-|371,560|371,841|358|437,223|437,581|
|Totalincomeand||||||||||
|endowments||281|1,304,166||1,113,600|2,418,047|358|1,209,883|1,210,241|
|Expenditureon:||||||||||
|Raisingfunds||||||||||
|Investmentmanagement||||||||||
|costs||-||-|124,595|124,595|-|21,563|21,563|
|Fundraising||-||-|616|616|-|8,126|8,126|
|Propertyexpenditure|4|-||-|17,713|17,713|-|27,251|27,251|
|Charitableactivities|5|-||828,252|399,996|1,228,248|-|432,783|432,783|
|Totalexpenditure||_-||828,252|542,920|1,371,172|-|489,723|489,723|
|Netincomebefore||||||||||
|investmentmovements||281||475,914|570,680|1,046,875|358|720,160|720,518|
|Netgains(losses)on||||||||||
|investments|11|16,361||-|1,981,109|1,997,470|(2,590)|(424,723)|(427,313)|
|Netmovementinfunds|7|16,642||475,914|2,551,789|3,044,345|(2,232)|295,437|293,205|
|Reconciliationoffunds:||||||||||
|Totalfundsbroughtforward|17,18,19|33,286||-|13,028,530|13,061,816|35,518|12,733,09312,768,611||
|Totalfundscarriedforward|17,18,19|49,928||475,914|15,580,319|16,106,161|33,286|13,028,53013,061,816||





# 8 December 2021 




||`2021`|`2020`|
|---|---|---|
||`£`|`£`|
|Netcashprovidedby(usedin)operatingactivities|521,345|241,303|
|Cashflowsfrominvestingactivities:|||
|Paymentstoacquiretangiblefixedassets|(71,452)|(3,002)|
|Proceedsfromthesaleoffixedassets|34,183|-|
|Paymentstoacquireinvestments|(614,668)|(813,223)|
|Proceedsfromthesaleofinvestments|651,224|334,439|
|Investmentincomereceived|371,841|437,581|
||371,128|(44,205)|
|Changeincashandcashequivalentsintheyear|892,473|197,098|
|Cashandcashequivalentsatthebeginningoftheyear|458,849|261,751|
|Cashandcashequivalentsattheendoftheyear|1,351,322|458,849|
||`2021`|`2020`|
||`£`|`£`|
|Reconciliationofnetincometonetcashflowfromoperating|||
|activities|||
|Netmovementinfundsfortheyear|3,044,345|293,205|
|Depreciation|(27,615)|2,997|
|Investmentincome|(371,841)|(437,581)|
|Realisedgainsoninvestments|(101,541)|(7,564)|
|Unrealisedgainsoninvestments|(1,895,929)|434,877|
|Increaseindebtors|(144,086)|(16,525)|
|(Decrease)increaseincreditorsincludingpensionliability|18,012|(28,106)|
|Netcashprovidedby(usedin)operatingactivities|521,345|241,303|
||`2021`|`2020`|
||`£`|`£`|
|Analysisofcashandcashequivalents|||
|Cashatbankandinhand|1,213,760|322,737|
|Cashheldbyinvestmentmanager|137,562|136,112|
|Totalcashandcashequivalents|1,351,322|458,849|





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## 

|1|Donations|||||
|---|---|---|---|---|---|
|||Restricted|Unrestricted|Total|Total|
|||`£`|<br>`£`|`2021`|`2020`|
|||||`£`|`£`|
||Charitydonations|||||
||ActingforOthers|—|35,000|35,000|35,000|
||Contributionsfromotherbodies|—|41,100|41,100|6,100|
||Publicdonations|—|39,422|39,422|50,825|
||Legacies|—|433,588|433,588|635,313|
||Benefactors|—|88,828|88,828|41,806|
||Covid-19relatedappeals:|||||
||TheatreCommunityFund|762,451|—|762,451|—|
||FleabagSupportFund|404,302|—|404,302|—|
||RTFCovidCrisisFund|137,413|—|137,413|—|
||Totaldonationsandlegacies|1,304,166|637,938|1,942,104|769,044|



## 

||||Total|Total|
|---|---|---|---|---|
||Restricted|Unrestricted|2021|2020|
||£|£|£|£|
|LockdownTheatre|—|104,102|104,102|—|
|ChristmasConcert&party|—|—|—|3,616|
|Totalfundraisingandevents|—|104,102|104,102|3,616|



## 

|Investmentincome|||||
|---|---|---|---|---|
||||Total|Total|
||Endowment|Unrestricted|2021|2020|
||£|£|£|£|
|Depositinterest|`-`|`374`|`374`|`940`|
|Dividends|281|109,795|110,076|119,916|
|Rentreceivable|-|190,549|190,549|302,830|
|Servicechargesincomereceivable|-|67,245|67,245|10,452|
|Other|-|3,597|3,597|3,443|
|Totalinvestmentincome|281|371,560|371,841|437,581|



## 

|Propertyexpenditure|||
|---|---|---|
||Total|Total|
||`2021`|`2020`|
||`£`|`£`|
|Consultancy|13,713|11,250|
|Directservicechargecosts|9,000|16,001|
|Fundcontributiontocommonpartsrefurbishment|(5,000)|—|
|Totalpropertyexpenditure|17,713|27,251|





## 

|Duringtheyear|welfaregrantstoindividuals|welfaregrantstoindividuals|wereasfollows:|||||
|---|---|---|---|---|---|---|---|
|||Support|||Support|||
||Welfare|costs|Total|Welfare|costs|Total||
||Grants|(note6)|2021|Grants|(note6)|2020||
||`£`|`£`|`£`|`£`|`£`|`£`||
|From||||||||
|unrestricted||||||||
|funds|218,454|181,542|399,996|263,448|169,335|432,783|1|
|Fromthe||||||||
|following||||||||
|restrictedfunds:||||||||
|.Fleabag||||||||
|SupportFund|404,302|—|404,302|—|—|||
|.Theatre||||||||
|Community||||||||
|Fund|286,538|—|286,538|—|—|||
|.RTF||||||||
|CovidCrisis||||||||
|Fund|137,412|—|137,412|—|—|||
||1,046,706|181,542|1,228,248|263,448|169,335|`432,783`||



## 

|Supportcosts|||
|---|---|---|
||`2021`|`2020`|
||`£`|`£`|
|Staffemoluments|106,385|109,728|
|Buildingexpenses|8,568|9,247|
|Stationery&telephone|4,262|5,505|
|Insurance|1,308|1,281|
|Equipmentmaintenance|15,199|10,572|
|Lightingandheating|1,324|1,157|
|Financecharges|3,563|3,471|
|Depreciation|—|2,997|
|Publicity&website|191|2,199|
|Auditor'sremuneration|21,920|12,785|
|Lossondisposaloffixedassets|6,588|—|
|Grantcommitteeexpenses|—|1,126|
|Travellingexpenses|—|635|
|Legalcosts|1,327|—|
|Printingandofficeexpenses/Other|10,907|8,632|
|Totalsupportcosts|181,542|169,335|





## 

|||`2021`|`2020`|
|---|---|---|---|
|||`£`|`£`|
||Depreciationoftangiblefixedassets|-|2,997|
||Auditor'sremuneration|||
||• Statutoryaudit|`19,740`|`12,720`|
||`• Other`|2,340|2,220|
|8|Staffcosts|||
|||`2021`|`2020`|
|||`£`|`£`|
||Wagesandsalaries|85,167|91,678|
||NationalInsurance|4,089|6,126|
||Pensioncosts|17,128|11,924|
|||106,384|109,728|



## 

|Tangiblefixedassets||||
|---|---|---|---|
||Freehold|Office||
||Property|equipment|Total|
||£|£|£|
|Cost/valuation||||
|At1April2020|1,320,644|34,183|1,354,827|
|Additions|71,452|—|71,452|
|Disposals|—|(34,183)|(34,183)|
|At31March2021|1,392,096|-|1,392,096|
|Depreciation||||
|At1April2020|—|27,615|27,615|
|Eliminatedondisposal|—|(27,615)|(27,615)|
|At31March2021||||
|Netbookvalue||||
|At31March2021|1,392,096|-|1,392,096|
|At31March2020|1,320,644|6,568|1,327,212|





## 

|10|Investment_property|||
|---|---|---|---|
|||`2021`|`2020`|
|||`£`|`£`|
||At1April2020andat31March2021|5,779,356|5,779,356|



|11|Listedinvestments|||
|---|---|---|---|
|||`2021`|`2020`|
|||`£`|`£`|
||Marketvalueat1April|5,584,917|5,533,446|
||Add:|||
||.Acquisitionsatcost|614,668|813,223|
||Less:disposalproceeds|(651,224)|(334,439)|
||Realisedgain(loss)oninvestments|101,541|7,564|
||Netunrealised(losses)gains|1,895,929|(434,877)|
||Marketvalueat31March|7,545,831•|5,584,917|
||Cashheldbyinvestmentmanagers|137,562|136,112|
||Totalmarketvalueincludingcashat31March|7,683,393|5,721,029|
||Historicalcostat31March|4,330,625|4,330,625|



||Endowment|||Endowment|||
|---|---|---|---|---|---|---|
||Funds|Unrestricted|Total|Funds|Unrestricted|Total|
||(note18)|Funds|2021|(note18)|Funds|2020|
||`£`|<br>`£`|`£`|<br>`£`|<br>`£`|<br>`£`|
|Investmentanalysis|||||||
|UKfixedinterest|—|377,704|377,704|—|274,546|274,546|
|UKequities|49,928|3,453,977|3,503,905|33,286|2,513,636|2,546,924|
|Overseasequities|—|3,801,784|3,801,784|—|2,711,976|2,711,976|
|Total|49,928|7,633,465|7,683,393|33,286|5,500,160|5,533,446|





## 

|`12`||||
|---|---|---|---|
|||`2021`|`2020`|
|||`£`|`£`|
||Giftaidrecoverable|61,320|8,953|
||Otherdebtors|126,441|104,205|
||Prepaymentsandaccruedincome|86,698|17,215|
|||274,459|130,373|
|13|Creditors:dueinlessthanoneyear|||
|||`2021`|`2020`|
|||`£`|`£`|
||Amountsfallingduewithinoneyear:|||
||Othercreditors|34,904|19,246|
||Pensionliability(note14)|11,100|11,100|
||Accrualsanddeferredincome|102,099|88,645|
|||148,103|118,991|



## 

||`2021`|`2020`|
|---|---|---|
||`£`|`£`|
|Dueinlessthanoneyear(note13)|11,100|11,100|
|Dueingreaterthanoneyear|88,800|99,900|
|Totalliabilityasat31March|99,900|111,000|



## 



## 

## 

|6Analysisofne|tassetsbet|weenfund|s|||||
|---|---|---|---|---|---|---|---|
|||||`Total`|||`Total`|
||Endowment|Restricted|Unrestricted|funds|Endowment|Unrestricted|funds|
||`Fund`|`Funds`|<br>`Funds`|<br>`2021`|<br>`Fund`|<br>`Funds`|<br>`2020`|
||`£`|`£`|<br>`£`|<br>`£`|<br>`£`|<br>`£`|`£`|
|Tangiblefixedassets|—|—|1,392,096|1,392,096|—|1,327,212|1,327,212|
|Investmentproperty|—|—|5,779,356|5,779,356|—|5,779,356|5,779,356|
|Quotedinvestments|49,928|—|7,633,465|7,683,393|33,286|5,687,741|5,721,027|
|Netcurrentassets|—|475,913|864,203|1,340,116|—|324,120|324,120|
|Pensionliability|—|—|(88,800)|(88,800)|—|(99,900)|(99,900)|
||49,928|475,913|15,580,320|16,106,161|33,286|13,018,529|13,051,815|



## 

|Unrestrictedfunds|||||||
|---|---|---|---|---|---|---|
|||||Net||At31|
||At1April<br>2020|Income|Expenditure|(losses)on<br>invs.|Transfers|March<br>2021|
||£|£|£|£|£|£|
|`Generalfunds`|`12,917,530`|`1,113,600`|`(531,820)`|`1,981,109`|`—`|`15,480,419`|
|Designedfunds:|||||||
|.PensionFund|111,000|—|(11,100)|—|—|99,900|
|Totalunrestrictedfunds|13,028,530|1,113,600|(542,920)|1,981,109|—|15,580,319|
|||||||At31|
||At1April<br>2019|income|Expenditure|Netgains<br>oninvs.|Transfers|March<br>2020|
||£|£|£|`£`|<br>`£`|<br>`£`|
|Generalfunds|12,610,993|1,209,883|(478,623)|(424,723)|—|12,917,530|
|Designedfunds:|||||||
|.PensionFund|122,100|—|(11,100)|—|—|111,000|
|Totalunrestrictedfunds|12,733,093|1,209,883|(489,723)|(424,723)|—|13,028,530|



## 

## 

|Restrictedfunds|||||
|---|---|---|---|---|
|||||At31|
||At1April<br>2020|Income|Expenditure|March<br>2021|
||£|£|£|£|
|TheatreCommunityFund|-|762,451|(286,537)|475,914|
|FleabagSupportFund|`-`|`404,302`|`(404,302)`|`-`|
|RTFCovidgrants|-|137,413|(137,413)|-|
|Totalrestrictedfunds|-|1,304,166|(828,252)|475,914|





## 

## 

|||||Net||At31|
|---|---|---|---|---|---|---|
||At1April|||(losses)on||March|
||2020|Income|Expenditure|invs.|Transfers|2021|
||£|£|£|£|£|£|
|Permanentendowmentfund:|||||||
|CoventGardenFund|33,286|281|—|16,361|—|49,928|
|||||Net||At31|
||AtIApril|||(losses)on||March|
||`2019`|Income|Expenditure|invs.|Transfers|`2020`|
|||£|£|£|£||
|Permanentendowmentfund.*|||||||
|`CoventGardenFund`|35,518|358|—|(2,590)|—|33,286|





## 

|<br>thebalancesheetastheirmonetaryvalueisuncertain.Anindicative<br>valueforinsurancepurposesisasfollows:|valuebasedonthe|
|---|---|
||`2021`|
|AnearlyVictorianmahoganyextendingdiningtable,circa1840|11,910|
|Asetoftwenty-fourGeorgeIIIstylemahoganydiningchairs|10,089|
|HerbertHampton—BronzebustofSirHenryIrving|1,997|
|AlateVictoriansilverdeskstand|1,721|
|AGeorgeIIIstyletwo-handledtrophycupandcover|3,533|
|Twooriginalmarblesurroundfireplaces|16,810|
|Miscellaneousitemsnooneitemexceeding£1,000invalue|3,533|
||49,953|



## 

##