2021-03-31-accounts

Donmar Warehouse Projects Ltmlted Tru*. Rem and Fjnantial Statements Yeaf Ended 31 March 2021 CwnpaTryNunthr 01611861 Cwty Nthhber284262

Donmar Warehouse Projects Llmlted Contents Pale: Trustee5' report 15 Tiu￿¢e$, resptywblliies thtement 16 Indepe￿ent Klit￿5 report 20 Consdidated statUnLlfttof finaKia ¥tibYiies 21 conS￿ldated and charity bJknce sheet 22 Con501idated statementof cash fl¢Msand netdebt Noles to the a¢ciyJnts S Boxer S Br￿￿er lapp¢th¢ed 7Awl X1201 S Dln4emans W E£cWare A KerMrl8hr IChl lappoknted 3 DE(￿b￿r2020) T Lee (appointed 7￿)11 20201 G LemDS lappolntEd 7April 2020) M ior%hurst The Laty Lowy VAichell T Ro55 Ikantleburyl lappcinted 7 A Romeo lamolnted 16Awll 20201 J Sa￿)r￿a(¥￿￿nt¢d 7Aprf 2010) J Sm6th L MS￿all The Lord Browne ol Madir*ley (retired 03 Orfember 20201 Honoraryule Presldert:A Re8lst•redofflce 3 Dryden Street. Londffi. WC2E 911A CDmpany mimber 01611861 Ch¥ny Thjmbv 284262 Banke Coutts & Co. 440 Strand. Lonthn.WC2R IXIS Audltor 8tY) LLP, 55 Baker street. Lorth. WIU 7EU Senlormanagement Mitha21 Loryhurst. Artistic Dlrertw Henrietta Finch. Execuli￿ Dirett

Donmar Warehouse Projerts Llmited The Dlrectors Iwlwj are xTr the Trustees of thetharityl we5ent their repwt arKI finanoal stsiements for the yearended 31 March 2021. The company 15 a re8lstered tharity. Ire£iAered llUM￿r 2842621 aThl ccqnpany limtted by guarantee IreEistered number 016118611. Th company b lrforpJr3ted under CompartiE5 Acl 2(￿ and 15 governed by its Article5 and Memorandum 0fAssoclo￿n dated 05 February 1982 as a￿Ended 4 Juty 2016. Prfncl￿l artmtles The objects OF the thèrity xè tts womrte. nMintiin, Thprrye and advarte ￿UCatIOn ptic￿arlY by the encoura8￿ent of the Arts indudinB the arts of drana. bale¢ sirWr￿ literatsxe. Xulp￿re and paintlnE. The ttsmpany meets these through continuing to woduce and wtsènt theatrical wothKtK>ns atthe Oonmar WarehouseTheatre. Donrnar WarphouspProJettsLixited ha5 three wh￿vDw￿ed 5yb5idi¥ies Ilurtherdetai15 areEp￿Tr in Ilotè Isof thefinancial statements). The results of Dcffim¥ Productions knnNted ￿e corw&dated Into the fmanckil statements. The results of Donmar in the West End Lirr4ted and Donmar Fthns Lwnited have not beefi consolldated on the8rounds that their rèsults ore not matewlal to the grLWP. Dornnar ProductKms Limited receS¥es Income from Comr￿rda1 irading contracts and its taxable surplu5 15 pald by 81ft aid to tJThnar wareh¢￿Se Projects Lwnf£ed. Donmar Warehouse ProAects tirnited is the rithts holder for the woducllons Commis￿0￿ its tI￿trIcal Ixeces to Donw P(￿J￿￿onS ￿miTed. •ttith a5 3 produrtKJn compw. Strate8k re￿rt The sections beltsw con5Ytute the Strdtegic Rewt krthe wrposes of the CrynpaniesAtt 21K 2020121 at the Domiar Our mission Our5trateBiC go￿5 Flnancial vIa￿lity Reser¥es policy Risk rnanagen￿t Public Benefit Future Plans 2020Izi attt th)nmar 2020121 was a year of profound uthav4 for the DoM)ar.The Cw0n￿1rus par￿e￿i( kepl the Uatre dosed to the public for thè malority of the financial year. asde frun 8 thjriry Juty aNI Av8USt 2020 when we made 'stage histtxv (New York fmesl by bÈeomiry the first theatre in Lorth to reopen ow do(s with our socialy d￿tanCed sowid ln5tslla￿0n 81indness. This was attLKnpanied other Creati￿ work thlrvered Onl￿e. and a renewed comrThtment to our work wlth schools and comnwJnities ata time when tho reeded our5UPPXt nK)Te than ever. In September 2020, we bE8an workon rnalorc¥tal refurbi5hrnerbt ￿thetheatreWhth 15 thitto be corn￿eted inAugu5t 2021. Alongside thi5. we restsuctured our bu51nes5 Model, tethnating a k>ngstanthn8 servTrce agreement ith thbassadur Theatre Group for the operatoon of the theatre in Sememter 2020. refreshed ow tyeTve and bu5irTre55 5rrate8y foi the IDnger-term. While our results for the 2020121 year Show a net inc(wne of £17m. £2.4m ofthi5Wa5 to Dne off Capital works fundraising. [￿e to the impart of Co¥fjd, Prt¥Juction income was down 85%, fundr￿[￿ irnime lexcluding th? ca￿tal woths fundraisin81 was down 34% and tradln8 Income down 41X Thi5 was offset by a le(k￿l0￿ in costs of S(PA on prior year. malnty due to limited Production Costs, 3 reductknn In thff costs due to redunda￿1es aThJ delayed new starters and other cost sawryas. As we move into 2021122, there rtrnain 4nifKant challenge5 ahead fw wrselves and the *ts sector rn0￿ widEly.' we anticlpate on80ing lety among a￿￿lenCeS. our sectorfs freelance WDrkf(Yce have been depleted by the crisis, and we know there will be increased p￿$S￿reOn funders both puwk and prtvaitGv4en theor¥oiryurKert•lnty. future plan5 kn thls report may change during year.

Donrnar Wareh(￿se Projects Limited for d￿v￿eThI¢d 31Mxth 2021 OurM155ton The Dowwnar is the h￿e of le8erxly wf1m￿l￿e, expewieKed up do In our converted Covent Garden wareh¢)use. a sie of aston1th1￿ artist￿ aCcrffjp￿shment, nèver rnore th￿ four rthvs away from an actor. werdiher toexperi￿ce wtwld athts •KI rfgrstars. crezling thrillffe. unmissable theatre. We rehearse life, imagine the future and èxalt in the capacity fLY Stories lo effect change. We celebrate the power ollfve performance and visicywy artistry to thaletwe, entertain. in5pre We knowthat theatre enrkhes ￿jr500ety. through empailry, imaEinaiionarKI cornmuThty. WE share ourV￿rkfal andwide to achleve this and mamnise the impatt ol our ¥tisis' idea5. At the tlonm•r. We Invlte leading art15ts to make that help5 U5 Erapple wlth ble Idea5 proce55 blg emDtlons. WÈ use theatre to understand how the w￿d is. and Im41￿ how it m¥ht be. work Is ambitiOU5. relev3nt and diber5e: a bkned rnix of ne4¥ plays mu5Kas * reTha8lned dassits, tc4d wth theatrKal nair and an open heart. We harne55 ihe p¢)wr of star xtors leaLng dYector5 long￿de the best upcoming talent to creale work at the forefront of whal tI￿atre 15. leading the ¢￿tur￿ tomw5atm Unique. irtktsive aThJ un1or8etta1￿e exwtence5.' We fflake the Stuff ofle8end, todty. 2. We gww dfver5e talent a￿1 sk115 for0ursel￿ aNI thp sectt¥. In tvjth creatr4e and prartjcal role& We bulld a younger, rTh)re diverseaudiEnttalorylde c￿r10y01 ¢ustryner base. and foster a life-l￿g£Onfie£t1on to the arts in oui local community Ourslrnte¢k¢oablor 2021.25 are a5folows: Make indusive, relevan( worhl-c1055 wcffk that tknlts aLwJiences Creaie a new skills develc¢¥nent wogtsmmè. based on ow beliel that tnt isn't born, but nurtured and empowered through oppNtunity, Iiwèstment and exp)SLre Broaden arKI diversify athllences and Workf￿ Play an active rolp in our c(nmunity, because t￿1&eme1rtW1th tI￿tre enrKhe5 alle and our society Commit to SU5tainaNe pr￿￿e5 Malntaln financial stability

D{￿mar Warehouse Projects Llmited forthe yonded 31 M1 ￿21 (C￿11￿￿￿1 In 202￿11, we delI￿red these eoalsin the way5: L Make Indu4¥e. rdevan( •)rtMa55TAwthththrMls a￿lIentS Desimtt the huge ongLThre challerees kr4ndern￿, we have dEIv4ered syirfitant and knpactful work for 3udience5 that ha5 also allowed us to continue ernploy￿S themalwlty (Al t￿r learn and a pod of frtelarKers. Mldnht YourTSm• In Immeiliate response io the dosurè of thee in M¥th 2020 we created Mid￿ht Your rtme, an onllne play by Adam Bra￿ starriw Diana Quick whkh used the ftrm of Mdeo ¢allirE to tell the 510ry of a woman's estranged ￿latIonshIp with herdau8hter, plawngon the hugegrwth in useof ￿atform5 such aszoum. The ￿e￿WaS created to be directly in response io the ?xperien¢e ot many audien￿ during tIMs time. aswell as beirva51rrwle and cost effertNe experhment in the creatlon of online tI￿tre. It recei¥ed30.(W view& Ilndntts In summer 2020 we proth(ed Blinthes% a sou• th￿nCe￿ S￿nd 1n5tsl1atw￿ tknkh used binaural sound technL4oBY to present an adaptauon ofkne s¥￿ag0's dwopian no¥pl ￿ul a pandemic of t4indne5& NAapted by Sirnon Stephens and perforrrd byjulleisievenson. it fealureddirettion bywaker Meierjohann,design byLillie Clachan, l¢ht¥ig byJe5sica Hun8 Yun and x>und des18n by Ben aTh4 Max Ringham. We also worked Professor Hannah Thompson w create a pod¢ast named Reclaiming Blindness, Y•hKh distussed and chalkwd of the poterrtSally Fxoblernatic elements of the source maierial, and created captioned and described ￿r&On5 of the play which could be expÈriEnced at hLne for those unable or unwllin8 to travel into central as we4 asmakiry these features ovail3ble at every perli>rmance. Itwa5 an audience and critic Succ￿. with its initial sokf-out run e￿efi￿ed by hvo week5 and the New York fimes statlng thai ihe Donmar'rnade 5ta8e histryf as the fir￿ theatre to re0￿ tr in person audiences after lockdown. In addition. the Donmar forged ￿￿grOUnd in creaDn8 pfthrKds to wekome audierw and artisis. with m￿VIsItt¥S ttjMmEnti￿ cffi howsèfe and cDntrrAled they felt the expwience to be. F(Alowing the initi¥ run there was huge d￿nand In touring the PrOd￿tIon and durlrq the 2020-21 year prOd￿tiOnS3ppe¥ed In Arn￿erdaM. NEW York and Mtxo. with flther kvoduetions in 2021-22 in Toronto, Washln8ton. Au[￿. Kong and Gway. as wel as a UK twvlslii￿ 7 nues natIon%￿de. Adult Chlldren Ihe Donmar the opportunityoflockdown to extEnd its di4itsl theatre maklng capabllitte& Workifig vlith iethndogists ScanLab and Associate Sacha Warès. and In co-woduciion with ETr£￿5h Twring Theatre. we created a short Dnline ￿ece desl8ned to be on smartphonesltablÈts and via headsets. Thp ￿0Y. by Ella HSckson, examlned the P￿ChologICal Impacts of lockdown and isolation two v•omen. The i¥ece has been attepted a5 part ol the BFI London Flm Festival in Ortober 2021. Chrfstmas CowKert In collaboratlon with 5t Paul's Churth Covent Garden we wesented a chrI￿rna5 ConcerL (￿bInIng traditional and new piecès of work in a festi¥e celebration whKh was perf￿￿d IF￿ fty a select 8roup of 5UPPNter5 Jnd streamed online for free. gaining 26.000 view5. Assemblv For our first Donmaf Lttal yoduttth. ¥￿ cLYnmlssicrnl playwTight I￿n? Segal èrd dlrettor Jop Hancock to treate a plpc? of w(rk featuring 17 lotal non-professional tor& Originaly intended to be perfLvmed on the Donrnarstage il wè5 adapted to become a I￿e online production perfom)ed arcwnd the Donmarfs rehe¥sal aNJ office ￿lIding. and ex￿ored the thrèat of the dinate erw8encyand the p0S￿bIlty of actKffl frun cilitensand ¢mmunlt5. It receNed 85DJ blew& Monuments An ensemble of ten Rlobal majority VLMmg petydè from the Donmarfs IKJrne borDughs of Camden and Westminster W0￿ed with leadinB directors. writers fimmakers io w0dL￿e a short film exploiiry the legacy of tl* Emplre visibk in Lo￿loTr and how we ￿¢13￿￿ hi5toryfr(¥n ￿t￿lieS cl wlitèllwaslwg. It I￿dIStri1￿J1ed (¥dine for and watched 75C#) limes.

Donmar Warehouse Projects Limlted In(￿$1¥0ty kn on su We continued to Irive51 in artiKK leaderslip. Joan lyiola and Zoè S¥endsen to jThn our team of Assotiaiès alon8side Prasanna Puwan¥aiah. Tijm kntt and SKha Wa￿140% glubal majority. 60%1emale4dentifwngl, ad¥cuiifiefor artistk excdlerteand sgnalling pry4•erhrf role models for o41irirv4 artlst& We comrnissloned 8 writer5 to and (Onlin￿ to (%¥er&fy ihe comm•sslonln8 slate: Chri5 Bush. Ela Hlckson, Danny Leewynter, Nessah Muthy. thana NnekaAtuona.Jth Sibblies Drnry, &nw)n Sttthns. AthenaStevens. We wrrentty have 14 COMMts￿Oned Wriier5 lan in¢rea5e of nost ￿ 191201. partwsh4) with Theatre Royal HayThwket speclfically supports two writerswth Fvoteded ch¥arteristic During the yearwe cleated a n￿Arres5 d￿tibled artists to en￿￿ th# support people to work with us in line with bes¢ prattl￿. We Vlll also host a 5howca5e fty thsabW act(xs - fdlowed by a ￿t￿OrkIng event and reception to telebrate the work, ctrh05ted by Daniel Monks We wdl con5uIi ￿th leathnB Disabled Artists Disabled.led Art5 organisations to Ilsten io the Specific needs aThl amtilions of those artists and how bESt to Use the 0￿Mar platform and resourw to serve them. Open Ooor.. we are comrnitted to w¢ykslwlQ&A 5es5hxs lther onlne or in per50n. when 8uldelinE5 pewrwMtI for the Graduate Eroup (those lea¥w¥ sthoc41. and thE Ekvate la smallw group d graduates from k)w-wKome backgrounds). Acknowledgi￿ there 15 currently a lack ol rewE5entatTron of Trans actwsai the Oonmar, we ccffisulted wlth Mllk Presents I Gendered Inielllgence l The Queer H￿Jse and 0￿boy Thpatre about specific and meanirwful way5 to listen to artlsts and engage with how tobestser¥e the needs of TTrnsacluswthin the theatre cixnmunityand Wa￿t0 uSett￿ Donrnar ￿at[Omi to strwjwcose Tran5 artorf work io the ider1nd￿5ry. We fan ourfirn dtgital skills developrwit prry4ranne. Futtre ted by Artistk Assotiatè SaEha Vlare&a 9.Y•eek digital tr74ThnB programme for 16 erner8wv8 write In summer 2021 we ￿111 lawKh EMERGE. è nLIW F>OSiti ¥lion Irnbnee scheme adtkessinu under-representatlon within the Donmar. Wewill recruit 3 fixed term trineeships ￿thin the offKe te￿ Iln p￿l￿pat￿)n. operatior6 and marketlrll and 11 tralnee placements in utative teams by matchine th¥Erse ￿￿n8 •nerging ueatfves with Donmar artists durinE the pre prothjction. fehe¥sal. tech and piéwiew pwiodk The creattve trai￿5 will aSS￿E and be rnentcffed by treatives and offl￿-based trai￿e$ will be mentwed by appY4xiatt senior colleagues both duri￿ thwr lime us and beyond. to support ￿tentIOn in the inthjstry. Wewill workw1thcollea8￿S otherLOndonTheatrec￿SortIUrn theatre5 to ensure there are opportunltles for traineesto under5tsndlexperieTrce oiher or8ani5ations. We continue to pay all trainees who work ai the Donmar a minimum of the London W4e. and durirva tlws ￿ar ill undertake Eenchmarktn8 ￿th LTC theatre5 to look ai industry-wide parAak& In assoclatlon with thative Attess 7wdl ptkip3te In the8o¥rrMenVs ￿kstart￿herne. Illhen thttheatrè reopen5we wlll recruit at least 4 new C￿lOn￿r Ser¥ice Assistants thrLKyh thls rrw. wlw) will be trained in all customer facing role5 wlthln the venue.

Donmar Warehouse Projects Llmited forthe vended 31 M￿th 20211(fylM￿J Bro•den and dl¥er51fyawlleffesandwwkf AuLVencos Due to the closure of the theatre we hèd to refocus ow work to r&ich audience5 wedryninandy onllne. With fflothst rnarket1￿ budgets Mlable we utili5ed our existsne CO￿ thannek aNI develo￿d paTIners1￿ps with organ15atlons as the National Theatre and YouTube to t￿03den ow ￿a¢h our care audienos. The snificant Èncrease in 'digital fir5f content yodtted duri￿ this period Js demcffistrdted ty the high ￿eW0n8 r￿ureS ¥hieved. butourwebslte traffic reduced 51gnificant￿ with Mly a smal nurnber of tickets to sell for Windne5 Our ￿b$ll2 traffic rEduced Idue tOred￿ed actl¥ilies in tlws periodl from4522% usersto 124343 users. Our soclal media accolmts stayed 51eady at 27.121 fdkywers on FaCebC￿ 107,th1 on Twitttf and 26.935 on Inswrar We achieved 193.037 ifjewslkien5 In 2020ni ourrym thannds, lth ￿ ad&rtional 595JJ83 views lor Coriolanus via Nabonal ThÈatre at kne Whilst the Donmar has been closÈd for In￿ of 2020121, work aroundAcce55and Indu51on has contlnued. Across IhE Ye￿We have ensu￿ all dwtal PrOd￿t￿$ ar¥J contert have had audiD de5UiPtion5laudlo Introductions and has been captioned. BLINDNESS had an Actess at Home offer. with 253 watching the captioned version and 369 utlllsin6 ihe aud) described offer- The ￿e$S at Home offer ha$accomp￿￿ed the tour. with the offerofthe raptlonedyer￿0n readllyavailable.and 63 utilI￿a destribed. We carrfed out two researth projects in tINs wiod Ifor Vidneht fimE and Bllndnessl with Mwris Hargreaves Maclntyre.lotryto uThJerstaThYwhowas enga￿ng￿thoUrworkdurine the pandÈmx. The results ofthls research were that audiencesfelt both projects had the same hlgh Qu￿lty￿0[￿ThIvalue5 and intimacyolour regular pr￿raMmInS, and that crtjrloyal core audiencp5 were willing to take a rlsk on new nhjdds because of the strength of the Donmar brand. We are working on impr[Ni￿ our data Captu￿ wttesses as * retum toa res￿ar progmnme of 5huw5 in the theatre, so we cart better under5tsnd audierte< needs a5 we reopen and imwo¥e our Understandi￿ of the demo8raphics of our audlènces. Worklortè We enterèd into an Inc Arts aly partnership and worked (IL￿ with them on traininL recruitment strnteEies and in de4eloiNg a renewed Inclusi￿ty3nd Releva)ce Han. Due to the theatre'scl0su￿1Or the majority0ft￿ year. paused mostrecnritmEnl. rnaling use of the government's aRS to retaincoreslaff Whe￿ possiwe. Duri￿ 202ty22. weryl tring0yrte￿ back tofull nurni￿, and wll continue toimprove ourworkforce diversitywith the am of 15%globa Ma￿JrityWWkf￿e byApril 2022. Ha￿n8 taken over the operarlon ol the theaire from ATG. we ha%E the apporturty to reuuit 19 new roles. We will work wlth Inc Arts to rewrite our recruitment poly. an Increased ftKus on findi￿ new ways to ad%prt15e rdes, expandinB our method5 of xcepting applications and corniithngto intervievlngmofe people inordertovriden the tslent iypelines inlo the DLvThar. In additlon in 2021122 we wll create 3 posili¥e xtiun trali￿ShIpS foralmin roles and 11 crèatNe tr￿￿eshIp% wlich wll prowde DEW rwies Into the worklorfe for8kJbal maioritycandidate We will pr￿de traini￿ to 51aff ¥rtn We return to In PErS￿ vKrkiwx aThJ will e¥alu•te whith of our fonner retentlon strateg￿5 lincluthng Staff benefrts) hwe the 8reatest knpact on ￿lIbe1r( and retentiorL We have devèk4)ed nèw intwnal comrnitteesto facilltatethe ernbeddI￿ of ourworkforce'5vQi￿s ￿ deoslon m•k*w/enttKwaging greater diversityolvoices in deasm maklng. Havlng s4)p(rted an industry FreeknTaskforre in 21no we hrn laurKhed ow own freelance countil made up of4- S people from various bactr4rourbts a￿t disci￿lnes. This group wil meet quarterfy and feed in on or8anSsatlonal thAture. prOgran￿lfi£, specific projects. Mtrnbers will be pad a small fee forthdrtirTr

Donmar Warehouse Projects LSmited fartheye7r￿ded 31 Marth 2021 (c￿¢1￿￿ed) Play ￿ xtlve MIE In ourcommub We maintsined aurcomrnitinenr toyLwng pecwe. sthoD15 and our localcoi)munitytlMs)o•r by. Gathering YOU￿ people tcfether in thèfirsi stage of the p￿deMiC tocreate15O￿TE ENSEMBLE- a dl8ltal devising projecL A group of 17 youn8 people wcked ￿th Dor¥nar Resident Assistant Dir￿torS to create a short film. focusslnu on the impact ofthe pandthc ornyourwx people SupP￿ti￿rnental vRllbeing. The final film ha5 been viewed by over 3￿c(l peo&4e presenti￿ MONVMENTS.. A short fikn t￿￿ed h(w theI￿ac¥ of the Empire impacts young people of ihe lobal maiorityin ourlocal community. Written by Nessah Muthy anddwected bySaraAniqah Malil MOMJMEKt5 ftatured 12 youn8 people and has been watched byover 7SQ) people Developlng the delayed pr(luction of ASSEMBLY inio Jeathng thgitsl prcrfluctlon. prented live from 17 lorations. Wrilten by Nlna al directed byJ05eph HancocK A￿m8LYefigagId 112 lotal tomrnunltymembers, with 17 beinK in the fina w¢)ducticth. Presented INe to 4,637 ¥iewer5. the digital prod￿tIOn was watthÈd by 8.812 ￿tIverS over the weeks it wa5 onlire. wr￿￿108 Bl Y￿n8 people from 6 schools ￿5% 5 Ix¥ou8hs ft¥ a digital TAKE THE STAGE resP￿d1Th8 to our sound in5¢al1atlc￿, BUNDNE55. The ywng ppcplewuked ￿th 10 artists to creaiÈ nèw diwtal works presented on ftdc1c￿. Youtube MozSla HubsVR ￿at[￿.With 1179 ￿ewS atyoss all the work. We wekomed ti51x AsscKlate Zoé 5¥endS￿ to thè teznl An acalernK and ueali￿ practitionerworking in su5talnablWty, she 5tartEd her role by hold1￿ sesgon with the 5enNw MawenntTeam looknre at climate dramalur8y aNI wil C￿tinUe these dlscusslon5 In mce depth dwing 2021n2. Our Environmentsl Artlon Intemal woring group Met ￿ Mwrf. di5CU5sireways to contin￿ io chanpion sustainabillty as we come batk to our builthny e.8. PPE recyclln& green cLTrmf(ments ar￿nd utility bils and detams suth as btodegradable teaba85 and make-up laceipes t¢r prod￿tiOns. The tearn is akn looking ahead to howio plan owannual Green Wèèkand what a5FEcts to focuson. aThJ hopes to invite Zoè S¥end5en to tslkmore in depth with the worbnE Eroup In due course. & Malntan lknarKlal thIITty Rnanclal Revlew The Donmarfs £6.(h revenue1201912tr. £&4ml i5 prlncipally drnwn from furtdraisi￿ E4.3m12019120.. £3.Iml, produrtion Income £0.3m IZ019120= £2.1ffl1. 5UPF4Xt af the Arts C(wncil. £O.Sm 12019120.. £0.5ml. use of Cultural Grants £0.3m 12019120.. £NIII, we ol the C￿Orta¥￿￿S ￿ Retention 5d￿ffle EO.4m12019120: Enil) and in¢ome. £0.2m12D19120: £03rn1. Totsl income 15 dovm on the ￿Or year due to theCThld pa￿mIC and its impact tD ProductiCffi5 and Development inc¢)me. ProdLKtfjon income was down185%1.with ontyone produ￿ In theye¥. Fun(kaisi￿ was up 38% ￿w￿erthlswaS mainty e to one off Capltsl work dcmaliDns of £2.4m thrs Capilal income, Development irthme woukl be down 34%). Membershlp, GIft￿d and Ptyit Forward were ai onthe kY¥X year ￿ People wtmember5hip5 and donauons on I￿ld. The Dorynar recei%td Government $I4)P￿t in year through the Qdtlnl Recovery FuThJ I£0.3ml and the CoronavirusJob Retentlon Scheme I£0.4mk Whlle the Donmar iamains comrritted to in¥Éstir¥ os much ot its as possible in the work it prtsduce5 on the stale wh115t offedng accessitsillty value for its SUFPXtsr5 arnl for the public mcmey we receNe, thi5 year thi5 COff￿lIMent oved more difficuliwlth limited opportun0￿ avalable fc st4e productions. b￿lIe the DowwnarbrarKhed out into some digitsl worK thi5 did not drY4e anynew Inc(¥ne streams and was suppr￿ed bythe Cultural Recovery Fund. Durlng the 2020ft1 financial ye¥. the main focu5 on expeNliture h35 been to reduce Costs to try and malth our lower inc¢The Stre￿5. Direct woducuon expendlDNewas El.Ihn12019120.. £3.9ml. accounting for 30%oltotal expenditure and. exceeded bo¥ olf1￿ revenue by ￿er £0.9m. lJur sthidy acc¢)unied for 9% of tot* inconK relatively low amongst

Donmar ware1￿Use Prokcts Llmlted Flnanclal r￿rfeW (cont1Th￿dI The otherkeyewdlture¥ea is staff andper5c￿nel Ipwment5¢aff heaLtount:38. 2019121>. 411 whKh i5EI.6m12019120: E2.Iml, equating to 46%ofour total general expenthtwe11912Tr. 32%). While the Impart of Cobid has reduced our•nccthÈ strna￿ thrO￿h costs sawng and other gJppM we are showirrf a net profitof£o.3m IE2.6m with Ca￿131 Donationsl12019nTr. EO.4rn k55$1. Thls profft will help bolsterowcur￿nIfese1￿e positlon Ipage 10 and 111. a￿1 help the M￿agement team to mit¥ate inw Lrf the Covxl pandpmic and help the Drffimar to continue to WO￿ low￿1$ a sustainable modeL FundrablnB Totsl fundralslng irtcomE was £4.3m172X of tetsl wKomÈl1201912Tr. £3.Iml, which w35 wincipaly Income from indlviduals. £1.2m12019120: El.Oml. ¢orThnercial tradin£ operations ltt¥pJrate sponsorship), £￿sMI2019/2o.' £0.8ml and £0.2m In revenue frorn aNI Foufvlations1201912tr. £0.4ml. It also indwles £Z1m In donatiuns toward Capltal Work5 12019120.. £0.2ml. Coyid presented a huge thallen8e to fyndMin& and Indlvlduals and Truts Foundations wÈrÈ alde to continue Lreven Ir￿￿aSe thelrsupwrt the MaJ￿ity of ctyp)ntes ltsw-level rnembers paused orstopped thelrsUpp￿t. Additionally, with a relaty￿1¥ new eyecutvle tearn s(wne rdatyonships had notyet beconestabltshed prior to d0511re. However. DeVelop￿nt team fLru55ed on ContIn￿rI to engage SUpp￿￿rS atyoss all IEve15 With pwsonal calls arnl a Slrong digital offerin& thls rewlted in a end-ofrarfesult than anticipated. l)verall. retenuon r$ dropped ￿ ats0￿ 15% and arourKI 20% of those members who did renew. downgroded. elther for personal ￿50￿$ or due to the la& of benefits on offer while the thtatrÈ was shut. While the larger and longer-standing COfporatE partner5 continued thelf supywxt aspereyistingccffltracts. a few of thèm requested an extension Iwhich will affect revenue in future FY51 and one dropped atogether due to suffering Iwly frcxn the pandemlL This wa5 mitigated by somesuctr55ful Iw8pra5ks includirtrdfrom rth¥ •istinBsuppNtsrswho wanted to make sure the Donmar cO￿d See the pandErnK I1￿0￿. Durin8tlMs lime. the D￿elOpMen1D1rectorfCyrned a new D￿enttOMffiottee. wlth the theatre reopen1￿ in 5vdhi. ablè to Intrtxluce new High Net Worth Inowdual networks to thE Donm¥. with a focus on those Ctypwate and IndNfjdua15 who wlll be aliwed wlth Michael Longhursvs newvlslon lorthe Donmar. Flnauy, in spiieof the th4len8lni landsc4Je. we£￿tin￿l to s¥uessfLIty IurKlralse for the Capltal proJECt ra151ng £2.4m It is Ikely that Cowd-19 VAII continue to have kne.lartir effects on our ablity to fundraise from all sources f( the for*seea￿e future and tsr8ets have been adjusted KC(¥dIThg￿. A nthv appeal wa5 Iwnched to 5UPPJrt recovery and rategyisin place tocon￿n￿ed1verSrfwng 50wcesof 1￿MeM￿sn8V$ morèrÈsilientaNI le$5vulrEraE4e toexlern31 fact￿5.

Danmar Warehouse Projects Ltmited loriheywended 31 Pknh 2021(r￿[pUerfJ Fundratslng d15thsures The Donmar fundraising tèam rai5esfund5 ￿M￿lI ytlwhoffering a range ot ￿mberShIP package5 whlch are supported by benefits and specialistevents. stcuringdonatlonswhich are typxaly linkedtoa specrft attivbtyle.g. production 5UPPOrtI, grants from I￿st and foundations. and thr￿¥h corp￿ate sponsorship agreerneTrts. The Donmar does not engage any profe55ional third-partyfundraisets to make approaches to Individuals on our behalf or involve commercial participators. All direct marketlnels underten ￿thefUndralsl￿ Lpimenttoert5we Ihat itis notunreasonably intru5iveor persimeni. Aside from current membèrs who reteive regular updates via W and em3il to ensure that they can rnake the most of membership benefits, contxt is made thrts￿ drect m¥keting at the twn? of our prOR1￿MIn6 annountemenis. Usually twice per year. All marketinE material contawts ¢le•r in$trn￿)onSi￿ how a PEf50Thcan beremoved from mailing lists. The Oc￿M¥ is GDPR cunp4ant 3Th4 ow fundraigry teaTh seniur 5toff ￿ val￿￿er5 adhere to the Fundraising Codes of Conduct and Standards of Research as laid the FuThlrals(ne RegulotLY. We ha¥e an Erhlcs Polky In pla￿. Trms cover5 ethical fundraising practKe and prnCe￿ It iseThJorstd by ourboard. otsetseen by the Ethics and Reputatic￿ Committee. There have been nocomplalnts abwt 0wfwthlsi￿ ivity thi5 YW. Th•atre E55entlal Wa￿$ Projxt The Theatre SUC￿$fullY deN¥ered its essentia wuk5 wokct adMe•ing Prac￿1 CtynplEtkn on 23 July 2021. The works initialty focused on the ienewals ol essential mÈchanKa and electrfjcal system5 pa51 the end ot their ecorwik Ilfe Incl￿￿￿ wholesale replzcernent of the heatin8 and venidation plarbtr. and Accessibillty ￿prO￿rnents indLKliThB a Street level access and romp and a newevacuatiL￿ liftwth ider doL¥ acce￿ With CONlinued wtces5 In fundralsln& Sweased certaintyover the ￿peThn8 progr￿rne and a willing and con5trLKtive Ixilderon siie, Board apwoved an additional package ￿workS arch 2021 that habt a si£nifani impact on audiences ar￿1 Wtists for our planned reopenin8 In September 2021. Th15 induded rearwging and reflttlng the exrstmy VIC and a ful ￿u￿shMent of the front of house IncIL￿1 rationali51n8 Internal layouts tolurther fv<ce551frI1ity. During Aygu5t2021 we ddfvered a prLvxramrneof rrt out indwjlre new bars, boxoffe. tarpet and pantln& wo￿$ to thp stage. technicalgrid. and bKkof house to address the lack of rnantenarKe work tr4er the last tèn ￿aT$. replxement of ATG 355ets including Cav. the entire IT systwn imluthne y￿FI AP& and all white gr￿1$ and systemsfrom the front of hcu bars and offica As with the 0ri8inal scope. heat1￿ ¥erttslion. electrical aNI fwe ii5k imwiprnnents refle¢ts a $￿IfiCant partolthe overall prolert C05tof £3.5m but rfll enableXten￿ lrfètimeofthe bLMI(lin8 as aw

Donmar Warehouse Projects Llmited lorthe yearended 31 M•th 2fll (cortknyedl Flnandal VSablllty The flnanclal Niability d the Donmar Is o¥vseen ty thè Au(%t. Flnance Operations IAF&OI CThmr4ttee. The comrnillee o¥ersees aNI evaluates monthly financial r￿uTeS lor tht treant5ation. led by the Executive Direclor IEDI and the Head Of Finance IHOFI. The AF&0 reports to the B¢wd aNI the Board hasfinal s￿n off on the annual budget. The Board ￿p￿Ints exlernal auditors. commissions and considers repwts as r￿sSary. analysirvd risks rased thrn￿h these Pro￿sses. The key fiThanclal rlsk within the ￿xt two years((￿tinUeS w be the impatt of the Covid pandemic on the Donmals income streams. Covid has had a vlknnging irnp￿ on the CKffim¥. regJtSng in thedosure of the theatre. ca￿ellatIOn ol planned performanrE5 and Ihe ce55atlon ol all pr￿U￿10n xti¥ityes whith cOnth¢￿t5 on average. 40% Of￿ overal incorne lur i Donmar (including Theatre Tax RelleQ. It has th had an wnpact on De¥tlok¥nent intomè with rnemberships belng Wt on hold and reducEd frC￿ Cwporates and TruA ar￿ Fwndation& WhI5t the Donmar is onè of Art5 Council En8land's National Portfolio Organlsatlons, mEaning it 15 in recei>t cl re8ular annual grants. at orca. YA of the annual Income thi5 IS notsufficient tosUppOrtt￿ Donrnaron its o¥nL The Do￿¥ has. durlrethecwrentyew, mad? use o[￿th the Coronairus Job Reientlon Scheme and theculiwal RKo•ery Fund in wderto wkand operational costs. The manaBernent team has￿￿kedI0￿dUC•cOSts.ac¢e$sWaII•￿e$O￿￿rnM￿¢ fundinBznd ha5 ryeated perfom)ancesthat fall wSthin the Covid 8￿delineS.- these perfomaKes (kivè Production Revenue a5 well as erqage Indi￿dUal and corp￿ate rnember5 and Donors make up orca. of ow ovu￿1 rLwertue. Thè rTranagement te￿ and the AF&0 continue io review. adapt and respond to the th¥inB C￿d guhldines and fUr￿lTh8 opport￿ltieS as theyar15e. The planned capital prw ha5 bpen iKre45ed El.&m to E3.4m. ih15 was c•)Iylncread 05 addit￿nal funds have been r•sed and ￿11 matwialtybe funded lry tIRse raised resrfKted luThJ& The keyrtsks tothetkntre'50peratirymodd rwnakn itsdewMkn&oninthvlu.material inflows.. notsbtyihe NPO8rant from the Ans Qiuncil Eryland I£O.Sml and The0t￿ra¥ Relief I£0.03ml. The NPO grant issecured until 2023 Ithou8h the annual aMOuntre￿iled is T¥JtguaaThteedl. We we awwe of any oJrrent discussion5 warding change5to the taxrelief. 51b)uld these 1nfl0wscha￿e materialy orslopi th￿ would &kelynewsitote achar¥Èto ouroperating Model and impKtthe quality of the work we PrOd￿e and our public bEnefit To help mitieaie thk I￿k the Donrnar has diversified its income streams by￿nting out officeathj fflatswand byen8¥iTr4wrythCommerual partner5. This helpstolessen the deFerbdence on fundrai%n& and W￿re possible thè Oonmar tontinues ta lfyjk for strurtwal ways to redu￿ the In-year risk ass¢xiated wTrth fundraising income. and cardul andtost mana8ement to bulld resiliencelorfuture ye￿. We have set a reserves pc4ity to hdd a SuffK1enl￿QUnt in the risk reser¥e to supptrt the or8anlsatlon to tran%tion to a new opeMln8 model in the event thèse i￿l￿e stre3ms we tect Expenthtwe 15 rnanaged xross tt thr(w8h Stn￿kn￿ meetw between buet hcler5 and the Flnat)ce department on a montNy bays. The feviewed fiEffts are then tmsiderèd by the Head of Finance IHUFI and rewted monthty to the ExECUtive Director and the AniMic tretttr. a￿ets have tr￿11t.1n conth)8encie5 and there is an overall organlsational contingenry exh financial year. managed by the Executive Director. Ckganlsatlonally, the budgets are overseen bythe£xecutl¥ Dlrectorandmanaged bythefrknFand 5eniix manwentteam with the Director ofDevelopment leadlng on the maprity of income Benwation aryl ihe 5enlor Producer leading on the malorlty of eXper￿ltUre on the prodvction5. GO1￿(0n¢effl The Trustees have reviewed the Charitvs finanrial Iryabifity as part of their normal revlew pr￿e$s. A detaded 12-month budget. updated m¢Mthly. a￿1 4-yearplw updated qu¥tth. Support thispwFOrn￿￿e3$Sert1tin. Key risks. a5 identified on paEe 9, are monitorèd and rrntigatitin Steps put in pl￿. The IquSthty provKled by reserve is set to prowde suificlent 5UPPOrt where mitigating Meps cannot eliminate risks and the cwrent lekel is consKkned apwopriate to support a 8olng concern Status.

Donmar Warehouse Projects Limited lortheytsrorKlpd 31 M¥th 21121lurtb￿J Goln8 toncem l¢ortFnuedl Thls year. as last year, the Trustee5 also given partiuLar consfjderat￿n to the elfett of Covid-19. rewewng the impact of the pandernic on the oryanisation's ongoinE forttasts arnl woiections to ensure that the orgaThsation remaiThs financially viable. When revwed Inseptember 2021. itwa5 notedthatsotial di5in8and the threat offutweclosuresoftheTheatre aryl potential cessation of wodLKtiort activities ha5 hal 4 7lde-rarei￿ Thpact acrw al reven￿ streams. Whle Productl Intomè and DeVelo￿ent inc(xne are kner than tl ￿r. we expett that these w511 Increase again once the Theatres re.open and SLYial thstancing measure5 a￿ red￿ed. so farthere ha¥e len ertour4in8 $18ns ol this in Dur 21122 Season on.sale. The management team has a150 C￿lInUed toenc(wrdBe member and ttporatè enga8ement while reduanB Costs so 35 to mitleate any rd￿t￿￿n in income vrferthe short io medlwn ierm on Fundrasing intomtr. Since March 2020. the managemeni tean have implwnented a n￿berOF(0St 5avine inltiaii¥ès designed to ￿duce costs in the short lem and It￿g temi in order to achieve fwther sustsirnatxlity. The Donmar ha¥e also taken alvanta8e of the Gavunment, and any other available, scheme5 or grants in ryder to reth￿e costs. We contwiue to muimlse ow use of these xhemes where apwopriats to5￿￿ the DDnmar its r￿en￿e is impacted. Durlngthe 2020121￿an¢￿1 year, the Ch¥itys mwagernert ten ha5alsOspentti￿ prod￿lry% Covid 5pecificwork. which. while not being on the 5caeofful prod￿10￿$. ha5 lYou8htkn ￿1111￿￿ donat￿5 Imidnehtyourfrme. Christmasconcertl and a 5rnallLond0nt￿kètInt0rne strewn (Blir￿nesSland fwthererKouragesMemberandCorporateengagtment. 8llndness continue5 to tour in the UKand internationauy and this 1￿c￿estre3￿￿l heFpsupportthe Donfflarthro￿h this r&opÈnir vear. At the end ofthqu5t 2021, the Dormar warehO￿e cash of E4.5m. fixed a55ets of £IO.Im and cash rvArves of E3.7m I£O.Im restrictedl. Cashflow forecasts show ¢ash droppi1¥ down to its lowest point of £2.3m li￿lUdIng resirxted reserves of£O.2ml overthe next 12 month& HoEyer. e¥en 8ln this use of funds, the knl of reserve5 that remaln available to the Donmar. itsc05tsawn8iNtlatives. currerbtle¥el of ￿C(Meand managemenY5 (trive t0contirn￿¢odeI1Werq(aIltypfoductlon5, the Board remaln satlsfied that Donmw Wzrelw ill c¢)ntiNÈ to be a going concern for tIR 12 months from date of Sign1￿ and the a¢¢¢unts haye been prepared in tl knowe that rk)nrnar Warehtxtse Pruiects Lwnited 15 a financlally vlable or£arisai#?n. RueNos Pdltyand ftlsk Mantyernent The Trustees con5id?r the ri5k5 to the charity at e&h quarterty Board meeting and ensure that systern5 and Pro￿dureS are establlshed to mlbgate the rth identified. At each meeiiw¥ the Board al￿ fL¥riews the latest Iusk Re8tster prepared by the Executtve which outllnes the production related risks inthdirg health and safety as TA￿1 as finandal, reputational and strate8k ri The Trustee5 con51der the Co¥id-19 pandemiG planned ttratre maintenarKe arxl the reliantè on fundralslng as the Ma￿)r short to medium tem? risks to thed￿rIty. Tr Co¥4d-19 p￿deMiC cuntinue5 tolmpact allartas of the bLtsiness from health and safetyof staff. freelancers, actors and irysitors to the theatye to ltwen￿ targets wlich are impactèd by soclal dlstanclne and customers mixed vlews on returntn8 to the Theatre. P1alw￿￿ Thea￿ maintenance 15 C￿￿de￿d an on-going risk due to potential overrunslothecwreni mntenanCeWrvar￿Trrne andanYunfore5eenmaintenan￿coSts. The Donmarfs reliance on fundralsing income remains an 0n.gty￿ riskdue to potenttsl Ilonorfatigue. 1955 olmajor cormie SPDnsor5 3NI decline In memberships. These risks are refflected In InVestr￿[rt in the Opwaiional Risk RE5erye and the Covid Recovery F￿d, both of whlch are discussed below. Tan8lble Flxed Asset Fund5 Covid Recovery Fund B￿ldin& Malntenance Fund Creative Investrnent Fund OpLYational Risk Reserve 10

Donmar Warehouse Projects Limited R￿er¥e$ Polky and Rlsk Man•¢ement Icontknuedl The tsn8lblefixed asset fund represents thÈvaluè of the Donmsfixed as5ets.' the lease olthe Oonmar Theat￿ at Earlham 5trept. the lease and opitalised costs olthe office at rhyd￿ Stree¢ ￿ capitali5ed c95ts of the redeveloprnent wolecL and the book value of Ilxtwes arnl fitting5. The Donmw h(Ad5 ilYeede5jnated ￿er￿tt. Covkl ReCO￿Y Fur￿.. The fuTrJ wasset upto suppryttheTheatretlwough the Covid pande￿￿¢ to support any Operati￿allO$Se$ and to alowfor work toconiinue that may be loss leadin8 but woukl allow the Donmai to continue to deliver its anlstic visio Bulldtn8 MaIntenanceFw￿. The Donmw retain5 a reas￿ble Within the theatre malntenante fund to cover ynbUd8e￿d andlor unirwred repalrs ard mainttrwce. Thi5 fund has been built in le￿nt years to reflect the age of some uf theatre infrastruthffie. We expect ttus be spent parti• e￿hyear and reflsed from 5urpluse5 a51s po55ible. Creatl¥e knie5trnent Fund.. TIM5 furyl allows the Oorrnarto be able to invest respond qulcklyto c￿all4 opportunlties that may arisE. outside of pknned thty. which would enable us to extend our reach, malntain our So￿$ for inno¥atlon and ensure sU5tainal¥lity. We ￿ik1Pate this will be 5pentover ihe next year cffi a 5ultable creaiive initiative. The owational risk resene ￿e￿5 risk and r15k re8iSterof the D(￿￿. It is set at a level that shouhj allow the 0￿Mar to cts)tinue to operate in ihe event of a Short fai in fundralsln& tradir¥ income, bo¥ oifice income or Arts Coundl core grant. The Oitylsto hold at least 22% (f(Yecastincome I￿the forthcomin8year or a mir￿muM olEI.25m, whithever is hi8her. A5 at the 31 Marth 2021 the operathMal riskreserve was Q.Im12019- EO.9ml this 3tM a￿Ve the tai8eted 22%. Restrktod fthmls The DThimar holds a number of restricted fund5 whith det•kd at ptye 4045. Th? total Val￿ of restricted funds at 31 March 2021 was E789.20B12021Tr. £44Sy6). Whlle It Is exptcted that the Co¥KI pawwjernic will thaw th)wn ￿ the Donmarf5 reserves the Trustees are Saiisfied that s￿￿1Clea1 reser¥e5 are currenity being held to let the i)orunar through th￿ perlod. Wlth steps taken mana8ement to duce the impart of Cthld, the future SUPPDrt of the aiding bodie5 and wfvate donors. we intpnd to sustaln our risk reserve at a minimurnof 22% anrnial revenue. Publk 8￿efit De5Plte the yearf5 c105ure. the DoNnar has continLd tolrweauthertes. 8rry5kills aThl nurture young people by. Maklne indugve. relevart wryhJ-cla55 ukthat tlYi115 nces in ¢yJr 251 seat theatre and onllne EmF4owng talented and di¥efse creatThE teamsand ￿ti￿con￿anIes Investing in sknlls d￿0[￿r￿nt tranh)8 to yow a diverse ￿ hBhly skI￿d wcthe for t￿t￿treSectt￿ Widenlryd audiences using digital tech￿108¥ Maintaining access tly0￿h£aPIlOne￿, Lknlbedand tauth towperformances Broadenln8 and diversilwng our audiences and worlftyce Play￿ an active role In ow cty¥Mnunity. s￿￿$ and loca You￿ people frThm disadvant¥td bxkgrwnd LOokIr￿ outs1￿ our coMp￿V and Con￿der1[¥ the ol our busi￿$* with the alm of achiewng a 8reener understsnding of howa sU51ainaFk effKient theatre ￿ operate and aldvalue tD oufcDrnrnunity Maintain finartial stability value forrrwfcrowfunders. whd5t keeping ticket prices low In planning the artivitie5 of the tharity the Trustee5 given due reRard to the Charity Commi55h)n's 8uidance on publl benefit and, in particutar. the 5peofi¢ suld￿ fLYfee thawng charities. Asrnentioned abovÈ iheTwstees belleve thatthE actl¥ities ofthe charity in theyearconfimi Its amityto wovKle turrent and orwnE benefit to the publK. 11

Donmar Warehouse Projects Limlted lorth￿ended 31 PA￿ 20ZI (aurth￿l Future Plan5 2020m Thè huge challen8es presented by GNryd have made rlarw for 2021 onwards extrenply diffKult and we have gonè ihrough 5e¥eral Steration5 of kwible progrrniirq. We were prowl to be one of the fwst theatre companles bock pruducing to INe audiences wlih Constellotio￿. a revTrRI of the hit Rt4al Court prts9￿lOn dIr￿ted by Mlchael Longhur5t which feature5 4 COU￿ 5hwir 12 performante5 per week- a finandal model whith yjpports

cially thstsnced a￿JIenceS while 0 provi(lin8 adth￿nal safeguard ZBain5t actr￿$ havin£ to self.isolate. In additlon it wves audiences the chance to Seethe saff sulpt perforn￿d by4 %Ery different ￿$ts, wlich mirrors Iht play's wtlect matterofstring theory the'nwltiverse.. The cast of5￿113 Atwn. Ivanno Jeremiah, Peter Capaldi. Zoe Wanamaker. Omari Douglas, RusselIT￿. Anna MaThell m￿1n and Chris O'Dowd will Iheatregoers a wide thD1￿ and encOu￿e5C￿e to return more than 0￿e. We are creating a SLYies of£rea￿t assistaTht Positions shadowir4% member5 of creati¥p team toueate >JdIt￿nal pathways into the industry. In addition we are Creat1￿ sueen capluresof eath cast whKh wll extend the Donmarf5 rexh 8eographKally, allow the produttlon to be seen in xhods flrfree. brirg eXpErie￿e to those aw%ences notyet able or wlllln8 to travel into central London and devdop the DonrTh5 digital capabilitles. We wll reopen thettr￿atre a season which celetyaiesthe beA ofthe Oonmar al￿ British theatre talent. Inua Ellarns wlll perfomi hls one man ￿lEbratIL￿ olpjelry. knch Party, for one week to launch the venue. LLwe ond Oth£rActs of v￿lenCe bycordelia Lynn w41 be ohe fw5t ￿3YcoMrnt&5Vj￿d ty Michaèl Loryhurstto bt produced on our stage, directed btrT £la￿e15M3l1. li wil te followed by Forcemoieure. which we had originally wo8rammed in 2020 and whlch will star ￿n￿ear3Th1 be C￿ertIVelY reallse the mlssion and aims of the tvganisatlon. The Donmar is commltted to payiii8 its emplo￿ a fair Sal￿ that 15 ￿M￿ve %wtln ils industry and for the c(%nplexity the role. In deternilnln8the rht levd of payt￿ Donrnarha5 a r￿UneratIOn and bortspolKy. detai￿d appraisal process and regularly re%iews and bendwnarks the pay. bEneffits 10t￿ CLryensaliorL The Gty4emaKe. NOMIna￿On5 Remuwalx>n cunnmtlee is re5pyfjth for revlewing bÈnchmarkln8 the pay of the Execubve te￿ and the Exe£utlb* Is reswmsiblefor and bencl¥narkinBthe payof the ￿rtIor Management team. 12

Donmar Warehouse Projects Llmited fortheyerthd 31M¥(h 2021 Bod of OlrertOfS The Board of Directrys rfet f￿r times in 2020ni for S￿￿uled meevn85. The DirettL¥5 of the company arè also Trustees for the purpose of charity law. The board sw)Èr¥i5es the adi4Tib25 of the tharity with dty to day activity dele8èied to the Executl¥e and 5enlc Mana8emenL Donmar Wafehou5e Proietts Lirnited isa ￿n￿ny￿mIted by8u￿tee and not ha¥inB share capiial. The followlng Dife¢iw5 have held offfte swKe l Awil 202tr. The Lord 8rowne of Madirley Ichaiwman. re￿ffed 03 Decerrthr 20201 Adam Kenw4Ttght Ichalr, aPp￿￿ted 35 Trusteel(h Elttt fmm 23 N(Yrtrnber2020and a5Chair frum 03 December 20201 vie BresslÈr lappotnted 7 April 20201 Susan Boster mon Dingemans William Ecclesh Tiina Lee lappointed 7 April 2020) Gerard Lemos CMG lapp)inted 7 Wil 20201 Micha?1 Lor8hurst The L&ly Lowy Mitchell Antonia Romeo lappoiThted 16 Aprll 2020} Te55a Ross CBE rressa ScaThUeburyl (appointed 7April 20201 Sarpon8 08E lappointed 7 Awil 20201 Jonathan Smith Luclan Msarnati (appointed 21July20211 Honorary Ufe p￿idEnL. ROKervfi￿ate In additiun tothe Board.there Is a stnKtwe LrfGr(xys frus¥￿£￿1 key areasof tl* ty8WMSatS17n. which feed dYectly into the Board in an ad¥i50ry capautr. AudiL Hnance & Owaiions Develgprnent Ethics & Reputati Governan￿, Nominations & R•nuneratK Pfoperty The membership OF these Groups bs a Nux of Board memtffj Execuli¥e. SMT. arxl external MeM￿TS who wo¥lde expert knowledge on the r￿up.5 ￿miL The Groups and Board are admonistrred by Planning & HR Manager. SUPPDrtln8 both the Executive and theTrustee 13

Donmar Warehouse Projects Limited Re¢Nltrnent and AppoIntmontofTn￿ee5 In May 2020, Lord Brcwne knf(mied the B￿d rA Ns plans to not lake up a second twm in office {bey￿d January 20211. resultln8 in a Chalr recruitment process bÈir¥ undertaken A￿U$1-￿e¢eMbEr 2020. led by an external ￿adhunter. A worki￿Broup ol trustees led a which also induded inwt fr(￿ Ms Coundl EnglaNI. Adam Kenwright. ? long-term Donmarsupwter, was identified as an exceptlonal candidate, bdnging a wèalth of theatr specilk expertise: upl￿ rerommendation to the Wkler PA)ard. A￿￿ w05 fomially appointed as TruAee and Chair Elect Sn Novèmbpr 2D20, prior to fLYmal handow from Lryd or￿ In Decefflber 202Q The Board includp5 three 8lobal majority trusttes123%1 of a total of 13. with a 7.. 6. female: male gender WIL Trustee ￿nd￿tIon and twalntr New Trustèes re£￿Ve all ￿ceSSary d(KwoeNtsllon so as to Underst¥￿ legal 01￿￿50ns urnler charity and company law. the conteni of the Memorald￿n and Articbe5 rf A$sodati￿. the worklngs of the 8oad OF Man4ement and the decisioTrmaking Pfocess. New trustees are pr(wlded wilh an Ind￿li0n booklet. a handbook ￿ arè briefed ExecutiVE Dn the Donmarfs athvltles.Theytannectwithmember5 ofthe Seryor ￿￿t Tezrnkne necessary $0 asto understand relEvant areas. 5ubsfdlary Donmar PILNI￿10ns Limitedls a wholty sul>4dlary resp￿51&￿e fw wodLteiNd the Oonmarfs productions as WEII J5 Other commertial artibities. The Donmarf5 bo¥d appolnt the director5 of Dofimar Prodltctions Llmlted which cornwise board mamber Thefè5uIts ￿e Cor￿lidaled ithin t1￿ accounts as w Th)te IS. Donmar In TheWestEnd Lirnsted and Donmar FilmsLirnltedare owned subslliaiies that did ￿tIrade during the￿ar 118119 no trndel. The Donms buard appointthe thrertrysof both entities whKh COr￿rOMIse board members. The rE5uIts are not consLlldated underthe y0vi51￿ d5eciion 24.12of 50RP FRS 102 as tlir results are not considered materlal tothE group15ee note 151. Audltor 800 LLP have expressÈd their wlliwnes5 to Conti￿￿ in Offi￿ and a resolthion to re-appoint thèm a5 audltor5 will be prop95ed at the next annual general meetin& Related partl•s Oetails olrelated parties awe included In note 25. 14

tyonmar Warehouse Projects Llmlted lorthtyearended 31 Marth 20U Tru5tee< re5ponsSbllhles The Trustees are responslble for Pfeparing the Strate8K RepDr( the Tru5tees' Report and the financial statements in CCOrdan￿ with applicable lawand regulation Company law requlre5 the Trustees to wepare Aatttnents l( txh finarKlal year in accordance with Unlt•d Kingdom Gener311y kcepted Accounti￿ PrattKe (United ￿n8dL￿ Pttountin8 Standards and ak¥)licable lawl. Under company law the Trustees mum not apprcwe ihe finarti￿ ststerrnts unless they are satisfied that they 8l¥e a tr￿ fair ewof the 5t3te ol affairs of ihe 8roup and charily ¥KI of irKc¥ningresoUrc￿3nd application of fesourtts. includin8 the Income and exptnditure. of the 8roup lor that ITh preparing these finaKlal statement4 the Tnffjtee5 awe required to: 5elert 5Uitable xcoufvtire pth%cie53nd then applythem conwtenllr mkej￿MÈfitsa￿d accountky estlmates that ￿sOnable wudent; state whether appllcable UK Accounting have been folowed. subiert to any material departures d15cIosed and explained In the financial statements: aThJ Prepa￿ the financial Statements ¢IEEolnE corern basis unle55 It is inapprwiate to th the charity wll continue in buslness. The Trnstees a￿ res￿￿5￿ble lty kety4n8 lewate ￿onI5 that ¥e sufficiÈnt to show and explaln the charl￿5 transartionsand dixlosewith reasonable accuracyat￿Vtinetherinawal positionof iht tharityand enable them toen5ure that the financial 5taternents ccrfnpty the CompansNrt 2(Th. Thryare also responsible for safeguardln8 the assets of the tharity and hence for taknE rea50nabl? 5tep5 for the ￿entIOn and detection of fraud and otheriiregularilies. Flnanclal stat•nents arè pub115hed an the tharivs MEb5ite in xcryd4￿e tith *islation in the United Kingdom governing the preparatlon and (lissemination of finanoal statementy which may Vary from le8lslatKin ifi Lxher jurisdictions. The maintenance and inte8rlty of the tharit¢s MEb￿te is ￿ respL￿Si￿11ty ol the trustees. The trusiees. responsiÈ41ity also extend5 to the ongoing inteBrfty ofthe fuurtral staiernentscontined t￿elTr. In $0 far3$ theTru5tee5 are awa￿.. there 15 no relevart auditinfonnation of ￿thIch the tharl￿ble ccffipanvs a￿11t0r1S unaw¥e: and the Tru51ees have taken all steps that thèy wht to taken to rnake thernselve5 aware cl any relevant audit information and to estabfith that tre authtoris aware dthat knfomiatlon. This Tru51ee< Report, whkh Incorp￿ateS the Stratyc ReM on paees 110 14. was appro¥ed behalfofthe bDard by AKe solil laoal 1S

Donmar Warehouse Projects Lfjmited Oplnlon on the flnandal 5tstements In our Lwinion. thè financial 5tatements'. 8ivE a true aNI falrylew ol the state of theGroup's and ofthÈParent C￿table Comprfs affai15 35 at31 March 2021 and ofthe Grourf5 Incom1￿ resources aNI of res(wrcesforthe yEar then ended,. have ten Proper￿ wepared in accorda￿e1th Urmted Genwalty ￿ePted knountiThg Pra¢b￿. and have been prepared In accordance with th? reqlxrernents of theC4thpaTheskt 2LM We have atyted thefinancial stat￿￿nts of DrKmarwarnh￿se PrLyectsUfflited I"thE PrntCharit?ble Companfl and its sub￿diary(.the Group-l fortheyearended31 M¥ch 202I7kn￿hCOMpriSethec0n5oIld?led Ststement of FinanclalActl¥itles linctyporatlne an Income and exppnditurp accountl. the ts)sdidated aNI Parent Charitable Company 8alance Sheet. the Con501id3ted Statement of Cash Flow and notes to the fifwKial statemèrbts. Inth&1￿ a summary of SiBnificant accounti pollcies. The financial reportin8 fr￿eW￿k ihat has been awlied ￿ their prep¥aiion is applicable law and Unlted Kingdom Arcourktln£ Standwd5, 1K1￿lIng Financial ReportI￿sta￿l3rd 102 The Fu￿nClu1 RepOrtift95tondordopp￿Cob1ek￿ the UKtsnd Republicof Irelond (United ￿nE￿Orn Generaltykcepied Praciicel. Baforoplnlon WÈ condurted our audlt In accordance with Iniernaticfflal Standards on Audilirvd IUKI IIS4s IUKII and applicable law. Our rEsponsiblitie5 under I1￿$e stsndards are fwther described in the Auditc<s rèsponsibiiff£ies for the audit of the financial statements seciion of our reFrfrt. We belle¥e thai the autht E¥idEnEe we have obtaned is sulftiènt and apwoprlate to provide a basis for opinion. Independence We remaln Fndepertdent ofthE Grwp and Parent Chariutrle Companyin arcordJKe with the eilmcal requirernents that are relevant to our audit of ￿ finanoal staternents in the U( indudire the FRCS Ethlcol Standard, and we have fulfiled our other ethical re5ponslbllitles in %trdance these retylrerrents. Concluslons related to 80kn8 concern In auditing the financial 5tatement8 we ha Cond￿ that the Trustee< use of goi￿ concem b%is ol attOUntin$ In preparation ofthe financial 5tatEments 15 apprw. Based on the wryk have perfcKmed. we have Mt identsfied any materral urKertain15 rdatln8 to events or condltion5 that, indNidually or collectively, rnay Ca￿ si8rifitant doubl on the Group and the Parent Charitable Companvs ability to continue as a going concern for a period ol ai least months frorn when the financial stsiements are aulhorlsed foi Issue. Our respJnslbiltie5 aNI the re5ponsibllties of th? Tru51ee5 with respect to eoine conorn are dexrlbed In the relewdnt secbLNS of thi5 repLrt Other Infomwtlon The Trustees are responsible for the other infomiation. The other inlormation cornprises the InfLYmation ￿cluded in the Tru5tee5' Repcrt. other than the f)anoal statements and our Wdit￿$ report thoreon. The other informatlon comprises: theTruS1￿￿ ReporL Ouropknlon on the financial staternents dops notcover the othef information and. exwtto the extent oihenwi5e expliciyy sted in our repryL we do not exwes5 any form otassuraKe conthsion thÈreon. Our responslbillty is to read the other information and. in doirq so. Conslder ttrether the other inforrnztion is materlally intonsistent wth the financSal statementsor uurknowAedge ¢lained ln the course of the audlt. orothemse apFears to be maierially rnis5tated. If we Identlfy wch materia inconsistencies ry apwent mèterl mlsstatemert￿ we are required todetermine wheiherthis give5 rise to a materfal mtsstatement in thp financial staterTnts th￿selVeS. If. based on the work we have perfomled. we con¢lude that there lsa matww rnfj55ta￿ment ol tlM5 other•Thfryrnatson. We￿ req￿red to rtport that fact We have noIN￿ to reptyi In thls re8anL 16

Donmar Warehouse Projects LlmSted Other Companles Act Z006 repDrtk¥ In our (ylnlon. based the wtyk underten in ihEcourseofthe a￿lit. the inlornwtion given In the Tr￿lee< Aepxt. whKh indth the Rewrt arrtl the Stwategic rep(rt prepared for the pwposes ol Company izw. fLY the finamal year for whith the fin•)tial statements are prepared15 COn51stenl with the financial statements.. and the Strateglc ￿pOrt and thé D￿ett￿. Rewt, Tffljhxh are indwled In the Truste￿ re[￿. have bea) prepared . accordance with applicable le8￿ requirernents. In the 118ht ol the kThyAe(e al￿ Underst￿￿8 of thÈ &oup and the P¥ent Charitable Crnpw and Its environment obtained in the course of the audit. have not Klentified mate¥ral rni55tatement in Strategic rerKxt or the TrusieÈ'5 repDfL We have nothing to report in respett ol the rnatters in relatlon to which the CoMp￿leS 2QJ6 require5 U5 to report to you rf. in our oplnion- adèquate accountin8 records have not teen kept by tr Parent ChitztAe Company, orrelurn5 ￿lequate fw our a￿lft have not been receld from Lvanthes nDtviyted ￿ ￿." (Y the Parent Charitalde Company finarclal ststements aenot in aye•ment with the xcounting recryd5 and fewms: or certain di5cloAres oIDirectorf rtsnumration specikd tylaw a￿ nDt made: or we have not recei?￿d al the InfNmatlon and eXplanat￿S￿reqUe lor ow audiL Responslbllllles of Trnstee5 A5 explalned more in thèTrU￿ee< Twry￿lfl￿ stswnent. thÈTrustees Iwho are alsothe director5 91 the charltable coryany for the purposes of company lawl are responsit4e for the weparation of the financlal statements and lor beln8 Satisfied that they give a true and faw view. and far s￿h internal contrd astht Trltstees detemiires ts necessary to enable the preparation of ff TharKial staten￿ts that arefree frL¥n materia misstatement. whethÈrdueto fraud or error. In preparln8 the finanaal statements. the Trurtees we ￿Ponsible for asse5sin£ tl Group's and thè Parent Charltsile CompaThVs abilty to continue as a golnR CLNKem. d15c1051￿ a5 applicable. matters rtlated to g￿ng COn￿M and u%ne the going concem basls of xcounting unless the TruSt￿ther intend to liqurfla the &ouporth? Parent Charitable Company orto cease Operat#￿5. or ￿ve no realist alternat1¥ to (k) Audltorfs r•5ponslbllltles forthe audit ol thelln¥Kl41 ststenn We have been appolnted as undÈr ihe QThpanies kt 2(KI6 and reF￿t in xcordaTr￿ bthth th Act and rèlevant regulauons made orhaving Èffert thereurxler. Our obpttive5 are toobta¢n reaSona￿e assurarte atxwJtwlthrthefHwKial 5tstementsas awhole are free frl￿ rnaterlal misstaternerbt. whether due to fraud ￿ error. arnj to i5we an audIt(￿S repL¥t that includes our Onlon. Reasonable assurance isa h4¥h level of asSura￿e. bur is nota gu¥anteethat an authtcondurted in accordarKe with ISAslUKlwlll always detect a materlal misstatement when it ewsts. Misstaiwnents can aiise from fvaud or error ènd we consi￿red material If. Indi￿d￿allY or In the aggregate, t￿ COLdd rea50nabl¥ be expected to Infl￿￿ the econornlc deCis￿n5 of u5er5 tskpn on the basisof thesefinancial ststement& 17

tklnmar Warehouse Projects Llmlted Extentto theoutht wuscopfjbleoldetettvwirreguknitie% I￿L￿ularitIes. Includlnefraud. are in#ance5 of n(￿-({￿n￿lar￿P wrrith law5 and wulath)ns. We deslgn procedures In Ilnewith our responsibilities, outllned abcNÈ. to detett rnaterial mtssiatements in respect of Irre8ulafities. including frau¢L The e￿eft1 to which Dur prccedure5we cap•lle of detecti￿ irregularities. 1nrkHli￿ fraud isdrfailed bdow: We havefflade enquiries ofmanaqement •)d tht board. indudi how they have identif￿d evaluated v￿cOM￿￿￿1th Ly￿ ￿guIl0n5a￿d %thether they were aware ofany instsnces d ￿Jn￿ornplIar￿e. o their prcKes5 deteetin8 and re5F￿￿nI tothe rtsks offi3ud and whetlw they have know￿¢ of anv actual. 5U5pected or le8ed aThJ o whirh intemal contrds ha¥e been esta1￿15hed to mibgate risks relaied to fraud or non.compllance with laws and ie8ulation& We obtained an unders￿￿r¥ d the legal and regulatory fral￿w￿5 that arè applicable to the Cliarity. These include. but are not Iwnited to. compliarKe with Cryarrie5 kt 21J)6. UK GAAP. Charitbes SORP, fundrais1 regdations and tax le8tslation. In addition, the Charity is subiect to mary othw law5 aNI re8ulatwts whwe thè Conseq￿￿￿ of ￿n-¢c￿￿k2nce could have a Material effect ￿ amounts or dtsch)yJrES in the finarKia statements. for instsnce throu8h the IMp￿tIon of fines ur lit¥ation. We ident¢ied the folkMin8 eas as I￿Se most likely to have suth an effectr. employrnenl law and dats protection. Auditing 5randards limit the required audtt piocedures to ideThtify non- cornpliancè with these lavo and re8ulation5 to eTh4uryofThose Charged with Governw aryl other management and inspettlon ol regulatoryand legal corresrThKkn ifary. We consldered manaEemEnVs Incenti￿0PponYoItieSfotfr￿thlentrnan5pYlaIloft ofthe financial staternent5 lincludin8 revenue recO8niU￿ ar¥J the risk ol o¥erride d coniro151. arKI determined that the piirKipal risk5 were relatèd to Posting Inappropriate p)Lnal entrie5 to mon¥ulate financial resulis and management bias ITh accountlng estimates. The 5enlcY Ststutury Auditor has a55e55ed and CO￿1￿ that the engaEement team tollettNely had the appro￿at competen£e and capablities toidentify or reccfnise nonvcompliance with laws and regulations. We revlewedttfinarKia15tatwnenl di5d09Jresandtekedkn￿pp0rti￿d￿tstlOrtI0assÈsS ccwnpliawKewih relevant law5 and re8uIat¥j￿ di5CU55ed ab￿. We made inqur4e5 of 8o¥d and mana8&menL We read minutes d rneetinK5 and those charRed wrih BovernarKe. In ad(kes5ing the risk offra￿1 thrO￿h rnanagement ryerride of Contr￿S. we testpd the apwoprlateness ofhjwnal entriès and tsther adjustments,. assessed whet￿r the iydKen*Dts made in making accounting estimates a indicative of a poiential tmas; Consider￿ completenes5 of related party tra[￿Cti￿ and evaluated the busi￿55 rationale of any ggnlficant trnnsxtions th￿ art inapprow3te or I￿U$￿al w, and We thallen8ed assumptlDn5made by mana8err￿nt in their 5iBnifiGnl Kcountingestimates in particular in relatton to the assumpiions rtlated to thè alocation of supwtcosty depreciation. theatre tax relefand going co￿er￿. Our audit pr(Kedu￿5 were deslEned to res￿￿ io risks of material mi55tataMent in the financial statements. re(08nisin8 that the rlsk of notdetEEting a materia rnisstatement to fraud is higher than the rtsk of not detectinB one resulting from erw, as frnud mayinvdvedeliberate C(M￿lIMent by. example,for8ery. rn1tyepresentatlc￿S or through collusion. There are inherent limitations in the a￿lt wocedures performed and t￿ further rernoved nrffi-compliance with laws and regdations 15frryn the ￿nts arKI transactk>nsrelkned in the finarKial statements. the less likèly we are to become aware ofiL A further description of respLwiblilie5 fw the awSt ￿ the fina￿la1 Statements 15 lorated at the FlnancSal Reportlng Council's I-FRCS-I webslte at- -frc. audii . This knu¥¥thJn lo￿$ wr d owauditorfs le￿rL 18

Donmar Warehouse Projects Ilmlted Use of OUT report Thls rewjrt Is made solety io the Charitable Compans M￿nbEr% a5 a body. in accorthce Mth Chapter 3 of Part 16 of the Companie5 Art 2006. Our audit %￿rk has been undertaken w that WE Might state to the Charltable Comparfs member5 those fflatters we are required to stale to ih•n in an a¥Jiiorfs rem arnl for no other purpo% To the fullest extent pemltted by law.wedo not3ccept0r￿tsme resp￿51b11ityIoanyon￿OtherthaThthechaYl￿b1eCornPanY the Charitable CompanV5 member5 as a body, for ourauditwork. for this report or for the opinions have fornied. 7308818FEgAC4C9.. Jni Hallord15enlorSlatutory Aurfitor} For and on bEhalf 018DO LLP. srètuioryaudltor London Date 03 December 2021 DO LLP is a lxiied lialility p¥therthlp re8tstered Sn EnBland aNI Wa￿5 l*ith r￿stered ￿mber(￿ls127l. 19

Donmar Warehouse Projects Limited {InM￿>￿t￿l an kn(omeand expthdlture acfount) lortheyurrMld 31 Mwth 21)21 2021 Total Z020 Totsl funds Income frorn: Donatlony. Development Income Other8rants donaiions L673,774 3W355 4334371 I￿28.826 939.858 11.39S Charltable aal¥l PrOd￿tIon irKome 32L1151 2.142.113 Yrndlngactl¥ttles 1.491,620 In¥estrnents 11,354 Total kncome 3M916 oJ(e 5.979.115 6.413.771 Expendlture Ralsknifix 67 I67￿9 533,435 Charkable acll¥ltle5 Production èxpen5e5 L786M7 024,947 6.069.248 Tolal expenthwrn io &786￿7 3391786 6.602.6B3 Net lncomel1exp￿d1iurej In the ￿1r before transfers and tsx 1606039 1188,9121 Transfers between fvrwjs Net Incort￿(e¥¢ndt¢￿b In the lear before tax 343.622 686.439 1188.9121 Tax payable 1173.1881 Net In IWKIS 1342J17 1684439 1362.ltoi Rewndllathn of irDuplund5: Opening fund balaKes at l Awll 2020 11.228.622 Closlng fund balarw at 31 M￿h 2021 11761753 10,866,522 All amounts reyjlts are derived fr(¥n continLrin£ attivi￿e% The company has no othw recogni*d gains and1055E5 Other than those ststed abth￿. The note5 paBe5 23 to49 fomi part of these fina￿al ststement

l)onmar Warehouse Projects Limlted at JI Marth ani O￿l￿V Charfty 2020 Intan81b￿ a55ets T3nglble assets Invesknents 13 14 15 66 96,377 6.￿.2[ 641140 96,377 6,969.2 ?.(￿5.579 7.(S.SSO Debtor5 Qsh at bankand irnhand 16 22 LOG&974 4352333 4JOL776 4JIO.759 3.806.494 1861.781 5.424.2S7 9.011Sa5 6.666.275 Credltor5."amouAtslaMlry the wlthkn onÈye¥ 17 11596,9141 31) 11866,IJ481 N•1 ruThent assets 5AV7.158 3A27343 5,124004 3.802.227 Total assets1•55 ¢UVMrtllabllllR5 10.892.922 lo.867￿0? p￿￿$￿￿Tr lor Ilablltles 19 126.4CQI 126,41XI 21 10.86&522 11583A08 10.841,t107 445.586 375 44S.$86 General unrestrkted fuThJs Designa￿ funds Flxed ass￿ funds 1181552 915.359 1450.(XX+ 7￿5.5￿ 880.244 2.450.DJO 7.065.577 &W201 Totsl unrtstwktsd 20 753 10.420,936 Ja 10,395,821 Totsl 10,841.407 A5 perniftred by $408 Con¥anles Act 2¢XJQ ihe charlty we$￿ted $ ¢rwn wofit and aECOWt and related notes. The chath'SsLr￿￿s for ihe yearwas £174140112010-defkbtofE367.7641. The flnantlal ststements We￿ apprty4*d ￿ tre Bo¥d ol DYectry5afMlartlhyWfof15sueon 30111.13011 A Kenwrftht Dlrettor The nole5 rn page5 23 to49 orm p￿Of 21

Donmar Warehouse Projects Llmited lortheytsreTrded 31 MoFrh 2021 Net incorne I lexpenditurel fw the repontn8wiod Deweciaiioft Amortisation Investmènt Incom Tax Decreaseifincrtasel In stocks Decrease in debtor5 De¢￿a5 in credit￿5 Increase ln P￿￿$10M$ l686,A39 128.014 30.337 (lJ20) I362,1￿> 130,670 30.336 111,3541 173,188 11.7101 614.220 157,8[￿> 26.4100 14 16 17 19 Iz33.576) Netcash prorfded by opwlbVd attF•ltles U17A79 541 Cash IIow5 from Invertk¥ artmtles Inve5trnenl inrorne recelved Purchase of fixed assets L320 11.574.975) Jl.354 1131.9591 14 Nrtash {used Inl 3th￿e5 IL5n.6 1120,6051 Change In cash ar¥1 rash eqthlents knthe r•pthytar LZ443Z4 421,239 Cth ind ¢a5h •9￿aIentsatthe olthe 4,352J33 3,931.094 Cash and rn5h equl¥alents Itthe •thofth• 5.YJ6.657 4,352,333 staten￿tofnel d At l 2020 At 31 Mxth 2021 Short-term deposits held Trarder 4351,998 335 1.244324 5.5%.322 335 1244.324 594657 The note5 on p3ge5 23 to 49 fm part Lrf these statement&

Donmar Warehouse Projects Umited Nrte5 t• thea¢tovnts forthewrended 31 Marth 2021 1 5taiu5 of axnpjny The c(•npany is a rewstered chthty.1knsied by guarantee. The compaty hasthlrteen memba5. whoarea150 thrects￿ Theliailty ofeach mernbEron a windkn8 upls ￿￿ted io a Ma￿muM of£l. 2 Accountlry poll¢ks The financial #atemencs have been prepared on a uinE (t￿Cern basis under the histLYical cost conventi¢)n. The occounts Ifinancial statementsl have beert Wep￿ed In accordance with Il Statement of Recommended Practice: "Accountln8 and Reporting by Charities weparing theiraccolrnts in accorda￿e with the Financlal RepDrtin$ Standard aKlicable in the UK and Republic of IrelzNI- (The Chariiies SORP 2r4 Editirffil and the Financial Reportln8 51andard aP￿Icable in the United RepuWK of Irdand IFRS 1021 and the CompanSes Act 2(M)6 and the Charltles Act 2011. Thè Charity constliutes a benefii entity a5defir￿d by FRS 101 The fm•ncial staternents are kyepared ￿ ￿ellI￿ isthe funrtional currerry rf the Ch¥lty. mO￿trry amounts in these finantlal statements are fO￿ded ￿the nearest £. The prepara￿On of ffinarrial statements In cLMnFAiarKe FRS 102 rewtres the use of certain uitlcal attountinB e5tirnates. It a150 requlres mana8Èmentto exudse j￿ement inapp1￿￿ the lknup's attounting pollcles Isee note 31. The fOll￿￿nSPI0n￿Pal attO￿ti￿ potKies l)a¥e been appwed co￿l51ent￿r. The Compamf hastaken ad¥ant4e of t￿lo11￿￿dtsd0sureexernp0￿' from preparw¥ 3 Statement of cash Ilows on the basts that it is a qualifying entity and thÈ group cash flow statemenr Inthdèd witlin these str￿Ments, i1￿1th the ccthpanls cath flows: and the financial instrLxnents disd05ure5. required uThJer FRS 102 p¥a 11.40 to 11.48A and para 12.26 to 12.29. a5 the information is pro•idèd in tht Group fina￿131 disdowre5. Thè conscdaled fin￿la1 stateM￿ts present inftwmaiion atr#)ut ihe ¢¢Thpany (ts wlKlly owned 5ubsldlary Donmar ProductiLW Limite The results of the wholly uwned 5ub5idiarw Drywnar In The West End ￿mited a￿1 ljonmar Films Lwnited have not been ttsn5didated undertheproW5i(￿ of 5edion 24.12 019)RP FRS 102 as iheir results a￿ not considered materlal to the group Isèt note ISI.

Donmar Warehouse Projects Llmited fortheyearended 31 M￿1 20211a￿t￿M￿d1 2 Ac¢ounth8 polkles fcontlnuedj The T￿￿tee5 hkn feviewed the ChariVs financial bryabmity as part of thek nomial review proce5& A detalled 12- m(m¢h budKet, updad monthty. and &year n, uwlated quarterly. 5W>FWt thls perfomiance 355ertion. Key risks, as fjdentified on 9. are monitored and mitigation steps kyjt 4) place. The liqutdity provided by the reserve 15 set io prTrthide sufhcient support where mitigatinE Aeps camot elimiThate risk5 currEnt I￿e1 15 con%dered appropriate to 5UPWt a 8OMI8 concewn stat Thls year, a51 ￿ar. the Trustees have aso pven partKular ¢(￿￿0Th to effert of Covld-lg, re¥lewlng the impact of the paThknic on the LYBanisation's LM£01￿ forecasts and proiErtM>n5 to er6ure that the organisation remains finanCi￿lY vlable. When reviewrnl ITh Septernber 2021. li was noted that social di5tancinE and the threat of future doswes of the Theatre and potential ￿55allOn ot wc¢luction aU1vi￿e5 has had a wide-ranging Impact acr055 all revenue stream& Whik Production in(￿and De￿I0￿￿ntIn¢orne are lowerthan thÈ prioryear, we expectthal these ￿11 iMrease agan onte the Tratres and social di5tanciryq measures are red￿ed. so fx there have been encouraginR 4n5 d thi5 in our 21122 Se050n [M-Sa￿ The management le￿ has also continued to Èncoura8e member and corporale engagement Tknle redxyycosts soas to rriiate arry red￿t￿n in wKomeoverthe short ts) medium term on Fundrai5itvx income. sin￿ March 2020, the rnanaeemert tean have im￿emented a nurnberofc05t 50vry￿ I￿tiatIVeS deslgned io rèduce Costs In the sl¥)rttenn znd longterm inonlerioxhieve fwther Su5takna￿lfy.The DoThmar have a159taken advanta8e of theGovernment. ￿d3nyother availaile, xhemesorgrnnts in rydertoreduce co5￿ Wemryll continue toma¥iThase our use of these sthÈme5 where approwiate tosupportthe th)nm¥whle its revetwe Isirnpxtsd. Dumg the 2020Di finarKialstar, thechariivs ft￿n￿ernent team ha$a1￿ spenttime producingcovid specSlkworK which. while not beir¥ on the sc of full pioductionl has brought in addltional donation5 (Mrdnight Yow fime, Christmas Concert} and a small London ticket I￿orne stream (Blindnessl and further encoura8es Member and Corporate enga8emenL Blndness ¢￿tInUest0 in the UK and inthmaiionaly and thi5 Inc(¥ne stream wll help 5UPPOrt the Donmar throu8h thls re-openire ￿. At the end of ALWSt 2021. the Dorwnar h#1 cash of £45rn. fixed assets of £IO.lrn and cash re5Erve5 of £3.7m I£O.lrn re5tr1rtedl. Ca5hflow ￿￿eCaSt5 slbx cash dropping to its lowest point of £2.3m Ilncludir¥ restrKted reser¥e5 of £t12ml ￿ler tre t￿t 12 months. Hwver. e¥tn Ei4en this use of fvhds. the level of reserves that remain available to the Ch)nmar. Its cost wiiliative5. current level of incthme and mana8ÈmÈnVs drive to Contin￿ to deliver quaty Prod￿110￿5. 11 8oard ￿m￿n Satisf￿ that Donmar Warehouse will conbnue to be a going concern for the 12 months fr(M dale of sgr•nE the accounts ha¥e been wepared in the knO￿e that Donmar Warehtyjse Projects limited 15 a finanully viable o￿an15a1*￿. 24

Donmar Warehouse Projects Limited lorthejwrended 31 Marth 20211conthh￿J l Acioyntlnl pollde5 IContu￿edJ Incomefrthn donation5 and 8o¥emmentgr3nty Indudl￿wit?1 and I￿lts￿h gr￿, Is i￿lurfed in incOme￿eDtherQ Is entitlemen1 wobai¥lityof rK•pt and the •ntyJnQ can be rneasured with sufficient reliability, unless the doThJr specified that the donati￿ or grant re15 to a f￿￿e or that certain we-conditions must be fulfilled before use. In theseca5e5 amwnts retewed xe recognised in ￿thnt period or when the pre-tonditions have been met and until thEn treated as delu￿ Don4￿￿ and 8rants for partic￿ar purposes are intludtd in income as restritted funds. Productions tncome 15 induded kn Into￿ in the period in wlich the relevanlperfomiance tskes pke. Incorne related to pro(kKtiL￿5 in a subsequeniperlodis treated as deferred Sncome. Goods and servkes recervedinkind.wlRre marial.are Inckmkd wlhin ilonation5'aThd under theappropriate income headin& dependin8 on the nature of good5 and seT¥ices These are recogni5ed at an estimated value to the Charity at the tkne offeceipt. All other irKNne is retognised cffi an ba5t5 thecharity ￿ leBallyentltled to rec￿pl ExpendItU￿ Is Inckthd In the Ststement of fina￿1￿1 Acli¥ilie5 on an accn¢ Inclusive llf ￿vAT wthlch cann be recovere(L EXpe￿IllUre i5 fEco8nised when a Ilablltyis yrturred. Cos15 of raisin8 funds are those cos¢s incuffed in attrxtlryw￿ntsry 1￿C￿e and those Imirred In the operation of i1￿11r¥ arti￿tieS which raise fund& Charitable actiwtieslnc1￿￿e$èxFfidl￿￿e asS￿￿7ted ith ￿￿oPerati￿ ofthetheatrèandsuch directlyassoclated tivities as educational proer•nwnesarKlthe Directrys wo8ramm& Cost of than￿bleaCtI1￿tIes inthdps both the dlrectcost of aclbvils and relaied $￿POrt costs. Slrpport Costs Indude central functions and ha¥e been allocated to acliwty cosrs on a baslstonsistentwith the use of resources. This bs frequentlyon the basi5 of staff time spent in each area but other bases such as usage are also eM￿0ved. Support Costs a150 Go¥trnartetoM> GO¥eMan￿ costs include those incwred in the gornJKe of the chwlty and its assèts and are prlmarity associated with constitutional and ststul¢¥y req￿￿ment Trading expendityre forns part of the Grourfs trnjing <tivitses aThl commertial exploltatlons are SeP￿ale dlstlosed a5 trading artMtie& The costs and materialsfor ￿0d￿lOnsand associaied rfeive tewn feesarecanled fowward on the balance sheet unknl theyarèèxKnséd on the date ( the wtomwxe. Intern￿ kbour aNI relarsal costs are expensed a5 Incuffed. Fund5 recelved for a purpose specified by the drffltx we c￿lIted to restrict￿ fund& Expendltvre incwred on these purposes 15 then char8ed tothefvnds as rt lsinEL￿ed {see r#)te 201. All other Income r5 treated as Lmfeslrided fvnd& The Tnjstees have dhjsen to designate ￿rtain fuNls for specl future expenditure as explained in the Tnthes. Aepryt- In addition, theTrustees consider the value of the long lease to be a desi8naled funda5 Iti5 rn)t afearf1￿M￿l￿ble a55eL

Donmar Warehouse Projects LSmtted fortheiarewwJed31 m￿ch 2021 I￿1￿d1 2 Accountl￿ poH&s Icontuwedl At each rwting date the (￿panY asse55es thue is any1nd￿atiCffl of impaint. W such Indication exists, the recoverable of the asset is ￿e1Th1ned wlmch L5 the hteher of itsfair valuè less costs to sell and Its value Sn Use. An impairnent b55 is rewsed wlvethe tarying amwnt exceeds ￿ fec(7derab￿ amounL l Int￿RIble assets are CO￿&¥ed to have a fir•te u5ehl Ife. If a rnfiable estimate of thE usefvl life cannot be made, the useful life shall not exceed ten year& Tangible fued assets are stated at cost less depreciaii¢)rL twecix¥n is w0￿ded at raies calculated to write off the cost le55estirnated regdyal value of exh asset trleritsexpeded usefvl Sfe. On￿ brwht Into use, asfollows.. Leasehold land and bud(lin85 Leasehold Improvemen IT Equipment xtures. fitti[￿ and C¥er the Wofthe lease Between S and 50year5 on a strriBht line bas1S Over 4 yewson a straight hne ba515 Bel¥R￿ 4 and IS ￿ar$ on a stratht linE basi5 Assets ￿der CIN￿￿1￿1•jn awe ￿t deprer•Jted We ￿ Into use. Indlvldual flxed assets consisiing rnore than £4.Liil are caritslLd •t COSL The tarrwng Val￿ cliaThxiWe fixed a55ets ￿ re¥iewed for wnpalm￿t1A￿￿e￿4nts￿ chanEes In drcurnstances INllcate the ￿rryIng value may be rEcD¥erable. The irNestfflenls held ¢hwlty relate to In¥eshnents in subsidiary company and these a￿ held at CDSL The investments of Dcfflmar Warehouse Projects consist of subgdiaries. Donmar in the West End LSmlled, Donmar ProductSons Limited aThJ Donmar Film5 iirnited. ￿ three com￿e$ ¥e not quoted and thÈ director5 consider It appropriate tv include the Investments at cosL Stocks held by ihe group relate to fofyj and think. Stoc*s a￿ ¥al￿d at the hwer of costs and estwnzted sel&ng price less costs to sell. Cost 15 based an the lalest purthase wKe.

Donmar Warehouse Projects ￿mfted lortheywended 31 M￿h 20211cththM￿dj 2 Accwnthlq pokles IcDnfjN￿dJ Cosh Cash Is rÈpre5ented byca5h in hand and deFWts wilh financial institudonsrepayable without PEnalty on notice of not more than 24 htyJts. Cash È4uivalents are IMeNy ￿¢WIll irNestmLmts th mature in no more than three months from the date of acqulsltlon and that art rearlity comrtale to kn¢y•ffj amounts of tash with Mistgnificant rlsk of chan8e In vduE. Provisions are made when a present obligalloTr exists at the balance sheet djte in accordance with the requirèmènts of FRS 102 para 2L4. The charlty has fincial assets and finawKial liaL¥lit￿5 of a kirbd that qualify as ba&c financial instnThents. 8as finan£lallnstrum•its arelnitiallyrwni5ed at tran5Klionrdlue and sub5equentlymeasured attheirsettlement value. The charity has tkrttd toawlythe wovisionsof5eclkn 11 Basic Financial InslrumEnts' arJ Sertion 12 ￿ther Financial inslwments15gJ& of FRS 102 to alof its fwrKial instnwt Flnancial assety oilr than those held at fairve thro￿ the ststement of fina￿141 adiviiies. are assessed for indI￿ta￿(￿lmpakMent at exh rep￿11% end d Flnanclal assets areimpared therethere isobiecli¥evAderKethaL asaresultolonèorrnLYe events thatoccurred after the Inltial reco8nitiffi of the finanaal a55eL the e51imaled future cash flows have been affected. The impairmènt loss Is reco8nlsed In the statementof finantial artivilip5. Financial a55ets aredere￿niSed o)lythen thecontradurightstoi￿ca$h flrywsfrL•M the assetexpire, orwhèn it transfersthe finantial asset and sub5tanUa￿ all the rtsks and rewards of oww5hip lo another entity. Financial liabilities are ￿e￿c08ft￿ed when. and only Tkn. the Charlty obfi8atlon5 ¥e thscharged, tarKelled. they expire. Rent payable 15 recogni5ed ￿ a stroiBhtllne b•%ls o%r ￿ lease tern Thechadtyoperates adefinedcontr*ulionsthEmeforthebenefitolits empbwee& contrfou￿o￿P?¥ab1e ère ckk3rged the Ststementof Fn¥Klal Sn theyear tlw¥epayabl

Donmar Warehouse Projects Llmited fwth?year ermled 31 Marth 20211c&7tthyedJ 2 ArcountlnB ￿[￿5{(0nt￿￿tdJ Monetary assets al￿ liabillties debwminate41 in awrencie5 we tyanslated lrto sterlwig at the rates of exchange ruling at the balance sheet date. Transacttorns in fLvei8fi CWTencie5 are recorded ai the rate ruling at the date of the transxtim All differEnce5 are laken to Ststem•ttof FinaKil A￿tle GfftA The chafity ownsthe whc4èdthe 15sued ordln•ry share caimtal of Dorrnar Productlons Lknlted. D￿rnar ProdUctiC￿5 ￿rnited cthnwily pays year to thè tharity. urxler tl wo¥ision5 related ID Gilt ￿d. a sum based on the taxaAe wofits of Ccynpany. The pawment ol Gift Avj Is SUts￿t to the ￿5￿ve$ pdicy Df th? grftlr entlty. and apwowdl of thE charity. 6iftAid 15 recoBnlsed on attruals basts in lineith dc(Nen•nL Donmar Waehouse Projects Umlted is a exempt (￿lan15311Cffj under ￿hedu￿ 9 of the VAT Att 1994 and dvrln8 the year VAT rèturns hale been subnNtted on a tdturally exempt basi5. Irreco¥erable VAT ts chargèd agalnst the cortofcharitsblè attibiti&. where it ks knKurred. tr1ew4£rnb￿VATOn capital expenditwe ha5 been capiialisèd and will ￿ written off tyerthe lile of the asset As a registered charlty. DonfflarWetroJse Propcts Limited is not liable toiKome ta¥ and c￿￿ation taxon income and 8alns dwived frcm its chaitsble arti¥itre5 as itfals ithln exemptions available to registeredcharitie5. DonrnarProdurti(Th timlted Iswable to cwailon Tax is fECL¥nised in the Statwnent of F￿n(la P£tr4Tr1ies except that a attributawe lo an item rrf income and expense reco8nised a5 Other coThyrehenyve I￿>￿e or to an itam reco8Thsed dyectly in equity is also reco8ni5ed in Oft￿r COmp￿henslVe IncLyne or dirth in re5pertl¥￿Y. The current incometaxthaoe is caknAated c•the ba450f tsx rates and law5th3thave been enacted ¢Y substantivèlv enacted bythe reporting datè in the ¢wntrieswlwe the C(wnyowates d genwate5 incom& Crftkal accowrtkyfvdymortsand souMsofeSthnath￿ urKerta&rtv In the appltatlon of the Gr(￿P.5 xcwntirva p￿￿e5, the ￿￿e¢t￿$ awe requKed to rnake judgements. e5tlmates and a55vmptions aboui che carrwng Jnount of assets arKI liabilr(ie5 that are not readily apparent frorn other Sources. The estirnate5 aThJ assotiated ayumptKffiS ¥e based on trmswric￿ experiencè and other factor5 that are consldered to be relevant. AcbJal results fflaydiffer fr(Kn these estimate& The e5tlmates and underfying assumpti(￿5 are r￿eWed (K) an On8￿re basls. Revlslons to attounling e5tlmates are recognised in per)d in which the estirnate 15 revised tthere the revision atfects only that period. or in the period of the T￿551(4) andfuture puiodswhere thp reMsTh affects Currentandf￿urQ pwlc The followlngcrltk accountlng lud8Ontt)i has been identified below. Cost allotraiion: The CO￿ aiLKation methodol￿V rwN#res jwl8ement as towhat are the most appropriate basls to use to appordon support COSt& Support Costs are alkK3ted betsveen ¥tNlts on base ol staff numbws employed on activities th¢in¢ the year. The Directors do not bele¥eihat thtreisa swilkantriskof a [l￿ter￿lI adlustment belrq madetothe carryng amounts of assets and Ilabilities I￿l￿ded in these finandal sthtaments With1nt￿ ￿xt fmanEial ￿r.

Donmar Warehouse pr0￿cts Llmlted lortheyeaionded 31 Marth 20U [conth 2021 Membership Gtft ald Other indi￿d￿al5 Corporate Trusts & Foundations Pay11 Forward Capltsl .In 229.010 5L395 19,167 7S7.In 229.040 51.395 40,(KID 177.SOQ 23,S81 2.375,667 20￿33 1755LK) 23.581 1.760,667 615.( Total 2011 3fi54.355 ftestrKted 2020 Membershi¥ Glft aid Corporate Trusts & Foundations P3y11 FoThYard Capttal 35.357 209.452 .n9 1,035,357 209.4S2 15.729 213,21)0 158.642 156,446 213,2(M) 158.642 196.446 Total 2010 LZ60538 128,826 Thè folknwng suppwl, in fomi of pfts ￿ ktnd aThl doned was rec•ved by the charlty durltw the VEar. prDWsiL￿ of alcoh￿ ar¥J caerknE ai evens legal ad41￿. venue h1￿, refreshments fLY mee)n85. The value of this support IS Èsknmated to be £31,13312020.. £47,67Sl. In fjnewth the accountjng polity, t￿5 invaluable support has not been recorded V4ithin the 5tstement of FinarThl ActM1￿ as the donations ￿ not considered to be material.

Donmar Warehouse Projects LlmSted Nlrtestothe ac¢ounts fortheyended31 Marth 2021 I￿￿tIN￿￿) Other¥r￿and dI￿all￿5 20Zi 2020 GovernrnentgFUrts UK Art5 EowKiI inc¢yrne Cultural recovery grant Grants for1￿￿&hed ern￿0vee$ 513.904 262,241 513.904 262,241 385.947 504.619 Other donalions 160 172,279 43S.239 Tot312021 11,395 1.334J71 939,858 Total 2020 9391 939,858 Prothcllon I￿ame Z021 rKket revenue Production 5UPPQrt In¢we from partnershlps I17￿59 147.559 13B,333 35,159 138333 35J59 Total 2021 32LOSI Unre5tr1rted Restricted 2020 cket revenue Produrtion sUPPOrt Income from Partne￿hIpS I.￿￿.613 1,909,613 187,50) 45.1KQ 1875rx) 45J)00 Totsl 2020 1.954,613 187,SLh) 2,142,113

Donmar Warehouse Projects Llmited Notslothe ar(ThMrts lurtheyewerKled 31 M•rth 2o111cort￿J Income fromtradlDiactl¥ttks 2020 or￿MIr Beyond Royalties ind Sundry Income Rentsl inccffle 61J64 59298 6l964 59298 32A30 41.773 74.olz Ctyporate SP(￿50rshlpandrnernbe Theatre Tax Relief Catering income Othertralliry inc(The 454064 30.870 14.9501 32.452 4156,064 30 14J50) 32.452 843,056 395,807 47,888 Tthl 2021 1.491.620 Total 2020 1.491,620 I,491￿20 rdi incorne from tradlw xt1¥i￿eSin the cwrpntznd W1(Y￿r$ was unrestricted. Incknled in the above I￿rnE frcrfn the 5ubskllwi Is tPatretax rel￿. Thi5arnount is recefvable byt￿ tompany as resultofTheatre Tax Relief re¢(nised fty year. Investmont IrKom? )21 Interest ￿£￿Vable 11,354 All Income in¥estsnentstr trcwreni and vecethngy￿Was unreslrkted. Netexp¢rvJlturE th￿￿¥they￿15 slaledafterdwrts 2D21 2020 Deprecia￿on of *ible a55ets Amortlsation of Iniangit4e assets Forei￿ eXcha￿e £alns reccenlsed OpprJtin8 lease renta15 Auditors, rernuwation: - audit fee5 for current ￿ra￿jIt - Tax fees - other services 128.014 30.3J7 130.670 30,336 134,2181 90.978 95,748 43.000 13.705 4,550 46.057 10,440 4,4(h) 31

Donmar Warehouse Projects Limited f0rtheYe•re￿d 31 Marth 202Ila¥rtl￿) 10 Totsl eMpffidltUTe Otherdlr•tt costs Supwt rutal 2021 FundraSsln8 Chtrrhableorthftks." Theaifirdl prodltctions 705.580 259,133 267.839 43330 519,598 I024.947 Total 2021 I548A56 965,S99 m.731 &29l786 Supporttosts Cosl uf thorltsble Raslnl lund5 Total 2021 Oflke overheads 259J33 466A38 53.160 725.571 53.160 Totsl 2021 SI9￿$ 77&731 Tot31 expenditwe for the ¥e¥ was £3292.786 12020 - £6.602.6831. of whkh £1.786,687 was restritted12020 . £518.4331 and £l,%JQ099 was unrestricted12020- £6.0842501. The staff c05ts that rdate iostsff on yothxiions is1K1￿ wthin otherdirert costs. (ttherdkett Support Total 2020 Funthaislng 287,682 r4.363 In.390 533.435 Theatrical produrtions 1,854125 3.78L453 432.970 6.t69.248 Total 2020 2.142￿7 3WA16 605,360 6.602.683 SwortC0515 Costof raislnE lunds c￿￿tab actlvltle5 Total 2020 OffKe overhead5 Governance coAs 172.3x1 362,020 70.950 534,410 70,950 Total 2020 1713 432,970 605360

Donmar WarelM)use Projects LlmSted Dkectors. eft￿￿JmQn 4ypointing Chlef Execuiibt andNrtistit Dire¢ttyto Board of Trustee5 ￿ 5PEcificalty p￿mItted by ihe Cornpanws ardde One or rn￿e Director5 ha5 been pakl femlwratth tr ha5 reC￿d (her IEnefits from an W￿(ryment Wtth the Donmar. The Executive ProdLxer ArbXK Crecwr recervt remunerat1￿ In ￿pECt of servKes they provlde undèrtaking the roles ol Executive Prcj￿er and Arti#Trc CArertLY respettively under their contracts of emploympnt, and not in respect ol th role as Dwectors. The value of Directerf remuneration aNI otsl>enrfrtSTPAS as fdlow 2021 2020 JosSe Ro￿￿e. PrÉ¥lousArtlslkfedor Remunèration Pension Mlthael Lon¢hutst. Curmi PJtts¥¢ ￿reZ￿¥ RÈrnuner3tion Penslon 7,488 449 81,6(M) 4￿96 Rernunerallon Pension 80.0(X) 4,4C(I Total 175,Z54 I78￿33 Ourln8theyear. the Artistic Executr¥Y D￿ectLy both re￿%￿d beneffts in kind to thevalue ol £141912020: El.9371. Duringtheyear therewere TroTrustee5 were reMw￿rated w reinLxv5ed forexpense& Indernnbty inwrance was purch%ed ir•the y•n respett Trustees and Cffters ofthE CDrnpary Expenses are reMnbw5ed ￿the EXttUtV￿ ProdUcer￿dArtistiC trECtDf5perifKally in relatlon tothr roleswithin the charityand Th)t in relation tothelrpositionzstrust￿ ￿1 staff expense5 are governedbyaclEar reimbursement poliEV. The amcwnts reimtKsèd dwing the y of 2020121 fv tfwet and ￿ditIonal meelirvd and event costs relatlng sdely to artivSties lor the companywere: 2020 Mlthael L￿hU￿rt. CwreTrt Artstr Dirett( Henrietta FiTh¢h, Current ExetutlNE Crfrector 934 535

Donmar Warehouse Projects Limited lortheyearended 31 20211(urtlnuedJ 11 EmpknE5 The avenge monthlyn￿ber ofeTrWryffts thwir¥thèywwas: 2021 2020 Pemianent siaff 41 In athltion total 5tsff ￿￿kIng on wkxlLKtions 114 The nature of staff working on productions rne3n5 that it Is wssibbe to give a meaningft4 full tlme equivalènt or a¥era8e headttyjnl as each pr￿lU￿10n has iwoke requrements. The number shijwn is therefrye the iotal number of pro(hKtion ￿aff arnl performers that ha￿ bpen invoKEd duriry the ￿ar. Z021 2020 Waees and salaries Social security costs Other pe￿On costs L349,949 I￿?,382 148,701 86.424 69.161 1142,507 Pewmanent#)ff tstsl Wages and salaries lal security costs oik*r pengon costs 45J80 342,469 4.254 7,702 Produrtlon55taff totsl 45.665 354.425 1594, 2,496.932 The nLYnber ofemployeesvtho have rffeived r￿unera￿ amtrthtl￿ tomore than £60.iJYJ In either yearw¥: 2021 NU￿ther 2020 Numl)er £60,Lb)J. £70.LKQ £80,Cth. ￿.(￿￿] Totsl reM￿eratIOn of key manwknt irKlwkn8wnployer5 portslon irt the wasa5 follows: 175,254 I78￿33 In the year there wtre redurKlawy bpnEfits of £29.02112020'. £30.4111 attrued in the year to 6 Indlvlduals12020.. 1 iThJividuoll. These ￿nefIts related to pawnent kn Ueu of Th)ti¢e of ENil12D20: £9,603) and ex Eratia severan¢e pav £29,021 IlndudinE statytry arnountl12020: £20.￿81.

Donmar Warehouse Projects Llmlted Nrtestothe arcrAmts forth￿ended 31 M¥th 20211r￿t￿￿dJ Intsnglble flxed xsets Group and tharlty Webslte and boxofflce Cost Al l •rll 2020 193,629 At 31 2021 1629 At l April 2020 Charge I￿the year 97.252 30,337 31 Ma¢¢h 2021 127,589 Net book y?￿e At 31 March 2021 At 31 March 2020 96377

Donmar Warehouse Projects Umited lorthey•arended 31 2021 (a￿lI￿j 14 T4￿b]e Ilx•d assets FI%￿r Asset and Ilitkqs under and Strnot eq￿n￿t equljment <onstrudlon Tolal Group and d)ar*¥ Ai i Aprfl 2020 Additions 18SOJXK+ 3.978,747 127.849 .819 730.107 l.S73,736 8.295.5Z2 1574J75 At 31 Afjarth 2021 1850JKKI 3J78.747 129JI8B 61N819 2303W3 9A70.497 DeP￿tIon At l April 2020 Charge for the year 242,319 23.974 440.243 117.586 4.854 526.174 18518 1.326.322 128A114 At 31 2021 5Jl.9U 544692 1454335 Net book value At 31 Marth 2021 2.513.707 3057￿36 64,127 1303.843 .416,L61 At 31 March 2020 2,￿1￿1 3538.%)4 10263 81645 730,107 6,969,2(KJ All fixed a55ets ¥e used furch￿l￿￿￿ep￿po

Donmar Warehouse Prokcts Llmited lortheyarended 31 Mxth 2O21{a¥rth￿j L5 Hmed assrt In¥estm•ts Shares In sub51dlary undertakh Group Cost ondnrtiwk va At l April 2020 and 31 Marth X121 Charlty Cost and net b¢wkvulue At l April 2020 and 31 March 2021 The follow1￿ are subsl(liariesofthe company: Cornpany co￿try01 Prlnclpal artlvlty Donmar in the West End Lknited Icompany number: 03976CQ81 Dofimar Productions iirnited (Company number.. 067308101 E￿land and wae5 Donmar Films knmited ICoThyanv number: 071521561 Eryland and Wales Or& Theatre produciioTh Theatre productlon Ordknary Fllm production Ordinary The o88re8ateamtyJTht oftarital and resÈr¥es and the re5dt5 dthese urnlertakngs lof ye¥wert as follows: Capllal and Profft forthe year 2021 X121 Donmar In the West End LiThMted Donmar ￿lmS iirnlted Donmar Produrtions knmited 15,6931 Fdm wodudion Theatre prLNnOti 520,402 Oonmar Produdions ￿rnited was the wbslthwy to trale in the current or wipr fmwKial year: the resutts, which have been c￿$0￿dIted Iniothè resulisdthÈ Gr(￿p. ¥Meas folkn•s: 2021 Turnover (lnclw￿I￿1ther opwat5￿ irrterest irKomel Cost of Sales Administratvie expenses Theatre tax relief Corp¢Yatlon tax 996.675 144Y.4751 15ZJ601 4,123.031 13,616,3571 1215,9021 343,115 1173,188 Profitforthe fina￿la1year sis,no AmDunted glfted to the charlty 525.710 4EQ.699 Th2 above amounts Ind￿le commisslon InCrynefrcth￿P?￿nttharIty0IESO4.)79￿2o2o_ £3.139.2011. Management char8esfrom thèparentthJity of E131.28412020- É687,0971 and sundryexpense$ rerharges from the went charbty of £27,08712020- EIII.3541. 37

Donmar Warehouse Projects Limited lortheyeareThled 31 Mwth 21)211ct>nt&Ndl 16 Oebto Group 20ZD Charlty 2021 Charfty 2020 Tr￿je debtor5 ¢￿erdebt(VS Amounts owed by sub511lary ur4knakws Othertaxe5 and YKial %curlty Prepayments and accrued irKryne 378J 72.S64 9.426 12.564 9.095 3.53S,696 XKI.711 200.711 3,654.849 276X) 276J54 249.139 863m LI￿,974 4￿01.716 3.806.494 Amounts owed by subsidiary I￿kin¥5 are Interest free ar•1 repayable on demand. 17 Credltors: lalkngthe wlthkn oney•r Charlry Charky Trade credltors AmouThts owed to subSldaryut￿k1j TaKation and security Corporation lax Other creditors Attruak and dEfefred iKorne 162.719 225,413 16L576 75L776 108.643 1.898.998 77.090 173, 617.IryJ 504.123 368.on 54L9rJ 617.092 164.225 L363338 1596.914 3W.531 2,856,048 Amounts ow￿d w subslthary undenakires are un•secured. interest free and repayable on demand.

Donmar Warehouse Projects Limited Ilrtts tothE a￿o￿nts forthe ￿ended 31Mvch Zl)21 IcoTrthMdl 18 Deferred trKome Charfty Chawlty 202 Deferred intome bfouBht fryward Released in the ￿rIOd Additional InC￿e deferred 374.117 P74.117) 243.677 959.OB4 1959.0841 374.117 85.442 5.442} 2BJ60 551.979 1551.9791 85.442 374,117 85.442 Oeferred income Is tobèreoyi5edwithin pwM>Js: Less than oneyear 243ATI 374.117 I8￿60 85,442 Deferrèd intomt forboth theGrwpa￿I Ch¥ttyrelate5 tofundr3iswy income lore￿Its In the next finantial year and in the prior ￿al irtluded li¢ket inC￿e1￿ ￿j￿that vw. 19 Pro¥5slon forllabllkle5 Charlty 2021 Prrision5 brought fmvard Probided for In the period Released io the 5tstementoffmz￿￿I acti?￿tIeS Z4400 26.4￿7 26.4 26,41X) 26.400 The Ffovilon relate5 to the potenlSal penalty to be intswred by the Charity in rekition to tr payynerti of ald declaration&

D(￿Mar Warehouse Projects Ilmited lorthel￿on￿Ed 31 Mxth 20211(0ntu￿j 20 GEneral aNI r•strktsd Group Balance 31 Marth 2021 IAprfl fvnd5 Taxatlon Flxed assrtlunds: Dryden Street Theatre lease fund Theatre redèvelopment assets Fixed a55etfund 3538504 2.607.681 730,107 L573.736 I￿,668) 123.9741 3,457036 2.583.707 2.503y3 189.285 153,7091 136.815 Total ffmed a55etsfiwM15 yo65￿1 L574J75 .4BIZDL Deslsnated fund&. Theatre redevelopment fund COVID recovery fund Builthng rna1ntenan￿ lund creati￿ investment fund 2.ICQ.( I2.1(￿•.[1]DI 1.650.￿0 1,650,QOO 250.000 z(w).000 i¢JJ.( y￿al dat•d funds 2,450,1Th) 1350 2,100,OOD Opethal rlsk rE5er¥e *JSJ59 1273J41 IL347.7481 118L552 Totsl unrestrkted lunds IONI0￿ 1844916 IL506,0991 11763.753 Dtrpctor5 p￿VraMme ResSdeni Associate Diretltr Productiw support Ilesident Design A55iStant Pay it forward fund5 Capltsl project T&F tralnlng Pathways {Clsco¥erl Donmar L Donmar Discovèr ProerdmrnÈ Writtrs Group NHS tickets 8,916 183161 18.916 I21.0￿) 175,8331 I?￿26 135.( 72.500 138333 123A76 23,581 17291 215.994 I.?￿.667 11S78.730} io.oy) 146328 397.931 16,8331 19.2751 189.1971 IS.￿1) 31,39S 125,CO) 22,120 35,803 20W33 20.833 Total restrkted I￿0￿09 11784687) 789,208 Total fund5 13.552.961

Donmar Warehouse Projects Llmited fortheyeartThled31Mwth 2021 20 General and rnstrkted lund5 (contin1￿j Charlty galan 31 March 2021 l Aprl 2020 funds FSMed asset fund Dryden Slreet Theatre lease fund Theatre redevelopment assets Flxed asset fitnd 3.531504 2.￿7.681 730.107 189.285 180,6681 123,9741 3,457A36 1583,707 2JO3.8a3 136.815 1573.736 1.239 153,7091 Totsl fi￿￿ assots funds i574.975 1158J511 8A82201 Deslgnated fund. Theatre redevelopment fund COVID rÈto¥ery fwKI Bullding maintenance fund CreatNe investment fund 12.1c￿,(y)l 1.650,CI)D I￿50.(rfjo 250.000 200.000 its].(4)) ICn.(#)D Totsl de51gnated {35IIJXII Operlonal rlsk reseNe 880244 U64JJZZ (1464034) 35OAW 1233.232 Totsl unrestrkted lunds I1.619￿5) IL815.433 Re5trlrted furKI5: D1￿Clor5 pfceTamm Resident As%Jciate Directt PrOdLKt1￿ support Resldent Design Assistant Pay It forward funds Caplial proje T&F trainlng Pathways IDlscoverl Donmar Local Donm¥ Discover Prograrnme Writer5GrtyJp 8.916 18,9161 8,916 I21.0￿¥ 167SLKII 7.826 135.0( 12,5(Kl 146328 397,931 io.or 72.5LTr) 5.5tKI 23,581 I.760￿67 123,476 215.994 lo￿ 17291 11578.7301 IS￿33 19,275 189,1971 15,(D)I 31395 125.0 120 35W03 Total re5trftted funds 4155B6 2JOL143 11,778?541 768,375 Total fvnds 07 &1ffj. 13.397.739) 14583,808 Where fund5 are restrithed to tapital th¥ekprwit and eKpenditwe ha5 been caOtafised a transfer is me from restrxted tode5igrted fundsal tt* wintthe eN41eftse is inturtt 41

Donmar Warehouse Projects Llmlted lortheywended 31 m￿Ch 20U {(Urth￿l 20 General and vestrlrted fi￿d$ fcontinuedj T￿lIble ffxed assetfund5 The Wen reet luTh( Theatre Lease fund, Theatre Rets￿l0￿￿nt Assei l￿d, and Fixed A55et fund are t(yther equal to the value olthe Eroup's fixed a55ets. Streetl￿4 £￿rn: The net FA>ok Val￿ ofthe long fea5e of3 W Street, the charity's office8 and the capitslised net book wdlue ol thec(Wbvergon (4 the tKilthng to make it fitts purpxe. Theatre Lease fwrtl, £2Am: Tr nethook v31ue ofthe theatre fease. Theatre R•de4•1opmentA%setfurML £13ThL. ThevalueofcaFtal wtyk$c￿led outln redeveloping the theatreand boxoffice sVStem. Flxod Assot fits￿, £Qlrn: The net t￿[ value ofIT￿￿￿Trt al￿ hxtwes ffttirw and equSprnenL De51gn•ted funds The TfU5tees have deggnated fund5 asfdkxs: TheatreAedeVelopmertfuThl:Thiswasthe￿developThent fund thatt￿00nrnèr ha55et aside, 8pnerated throueh ron8 revenue perfombantr and ￿eful costrnanaEement. to support the redevelopment of the theatre and the 05ts of the Off.￿te year dumg the capital The furKI ha5 bEeTh reduced to zero. it 15 C￿￿dered that the currenl xope of bUld1￿ ￿ede￿ment tan entirely be fwthd ttwough fundraisin8 ofwhKh £0.8m has already been ralsed. COVIO recovery fuDd Ihe fvnd wa5 UP to swtrt thE Theatre I1￿1￿h tr Covid p3ndernic to SUPPWt any operatlonal losses and to alknv f(Y wrrt th Cominue that mty be1055 leath￿ but would alkw the Oonrnar to ontIn￿ todeliv￿ ils tistr¥￿I0n. BulldkngMakntenancefund.'This f￿dcO¥￿5 COstsinrelatTr￿ tothemaintenan￿o[the theatre and the rehearsal, office and education S￿e$ in ￿en StyeeL tt is ftr emtrgerry repalrs and for dealing with unforeseen developments. Pts uf ihe theatre infra51nKth are 25 years dd and. ahead of rede4Elopment, this furwj has been tsJlltio cu4er irtra5ing oc£ufferKeof required work& Cr•atl¥t lrt¥estment fund: The ueati¥e wivestmeiit is d•￿Rnated to enable a quick re5pon5e to investrnent opportunitie5 outslde of planned ￿1￿7￿. ained at extend¥w the Ch*itVs reath as well as rnaint•nln81ts 8oals for innuvation and sustslnabllity. Oper¥tlon•l RlskResTr¥o The tharlty operates a wllcy of rewwring 22% 01 bwed Income to bè held in the 8eneral fund, wlth a minimum of £1.25rTh Th1s¥alue 15 setto ￿e¢lthe potenlial¥olatility in tharit￿$ kylnCt￿e SE￿arn$. fundraising. box office and public sertor fundng Countil NPOgwt WKI Theatre Tax Flelien.

Donmar Warehouse Projects L6mlted Iwthe yearended 31 Marth 2021 {cMtthuedl 20 General and rStrkt￿ I￿￿151(￿1￿M￿dj R•strlrted l￿d5 Director5 Programme furd rwesents a thwhalion whlth rnayonlybeustd Incor￿e￿on wlth the costs as%xiaied wlth paying the Donmarfs Resideni Assistant (irect￿. This fund has been renamed Ae5identAssoclate D1￿ctor and the remaining fundstran4wred from the Dirertors Prryramme to tl FWKI. prod￿11￿n Support fvnds are sponsorship5re£eh¥ed only be used in connect•on vAth costs on produttion5 specified in the terms olthe [￿thA￿ Resldent Design A55i5tant IRDAI fund repr￿￿nts (kyotions recev4edwhith are to be used solely in conne¢¢ion with the RDA pogtion for th)nrnw productio Pay It Forward funds are donadons rtteNed ID be used lrythe Pay It Frnrd xhemt where dOna￿on5 a￿ used to covtr tickètcosts for Oonmar Productions f0ranyo￿ up tothe age of 2S. Ca￿tal Proiectfund ao d￿#t￿)n5 receNed to gjppxt the theatre redeVd0￿eTht wJlecL r&FTr￿ThnS l￿d is for a donation reCeI￿d tovrnrds tran1￿ for￿ Deveknwnentteam. Other educatlon and attess fur￿$ lindudin8 Supwtft¥Pathways IDixmErl. Oonrnar ￿al and Donmar ￿SCOver Progwmel are donations received in reLiiion to S￿¢lE ed￿￿tiona eknents ofproduc11￿ and may only be used in corbnertion with costs ¥isinE on these. Wrlters Gmupfund is funds raised toward comm￿$1￿￿¢ fr¢ffi

Donmar Warehouse Projects Umlted N¢rte5to the 20 Genernl ab)d r•strktod I￿￿1${Continued) Group Transfe Balan 31 Morth 2020 iAprfl 2019 In(ome lunds Taxatlon Flxed asset fund&" Dryden Street Theatre lease fvnd Thèatre redevelopment ssets Fixed assetfund 4.564.216 L686.611 764.743 180.6691 123,975) {945.0431 945,045 134.6361 3,S38.504 1607.681 730,107 79.(fA 1563621 166,593 189285 7m4.624 13L959 7,1)65,577 De$knat￿ fundr. Theatre redevelopment fund Bulldlng malntsnante lund Creative inv¢5trnent fund 2.ICb),Cth) 250.( 100,(¥)D 250,ofK+ ioo.o Totol dukna¢ed fund5 2.450.1 Operath)n•l rfsk resen W5.767 5.657J83 15.gZJ2441 (Ui,9S9) 1173,1881 905.359 Totsl ￿lestrItted lunds IL020￿ 14084.2501 IL73,1881 ￿.420.936 Reslrl(ted lunds: Dirertors prngramme Junlor U8hiln8 Tech Salary Prodwtion support Re5ideTht Design A￿l$trnt Workingfide Pay it forward funds Capltal prolect T&F tralThkn8 Paihway51015cmrl Donmar Local Donmar fliscover *oyammÈ Acces5 Other Prothrtlon 5UPPWt 21AMM) 132.0831 16.6671 120s,1￿ 8,916 2.667 500 7,000 14.825 .801 142.939 10.0 114.825 148,96n 11233911 158.642 123A76 I￿.994 7.700 13.LWI Iw.Oc￿) ii.co)I I3.5￿) Tot•1 rostrkted I￿￿15 208231 ￿5.￿1 1544J31 445yO Total fvnd5 IIJ24622 6A13.771 16,6016831 1173.1881 lo￿1521

Donmar Warelmwse Projects Limlted ZO General and rertrfded funds (contum￿) TmslEws B•lanc• 31 March 2020 IAP 20 Income Ewpenthure funds Axed 355et fund Dryden Street Theatre lease fund Theatre redevelopment assets Fixed a55et I(￿d 4.$64216 1.686,611 764.743 79J)S4 I￿,6691 1233751 1945J)431 945,045 134,6361 166,S93 3,$38,S04 2.607,681 730.107 189.285 1563621 Totalllx•d •ss•ts fthxls 7J194A4 IJL959 7.￿,$77 De51gnated Theatre redeveloprnentfund 8ulldin8 malntenance fund Creatl¥e In¥esbi)entfund lic0,￿0 iioo.iJ)o 250,000 1450JXKI Operatlonal rlsk resoTht SW 15J916101 113L9591 080224 Total wwestrlrted IlmJJ40 SJ48N97 16,153,616) lOJ95￿11 D￿eCtOrS pro8ramme Junior Light1￿ Tech Salary Production support Resideni Oesign A5sislant Woiking fille Pay it forward fund5 Capital projert T&F tr￿ning Pathways (Di5COVErl Donmar Local Donmar 0Ssco%*r Programme Access Other Productlon suP￿rt 21JKIJ 132,0831 16.6671 1205,fKqJI 916 1667 277.5(NJ 7.000 I4￿5 I3￿1 14U39 iomi 114A251 148,%71 1123J91 158.642 196.446 123,476 215.99a 10.000 180,1))J} i1,c￿} I3,5Q￿l} Total rnstrf¢ted fvnd5 1SIW3) 445.586 Total bjnds 11209.171 6304285 14FII049) 10,841.407

Donmar Warehouse Projects Llmlted f•rtheyearended 31 Marth 20211contkn￿1 21 Analy515 of Mt a55etststtwo￿ fimds Group fuNIs 2021 Flxed a55ets Cufrentassets Current Ilablllifjes Provisions 8,482201 2.IC(I.C(ID 8A82.Z03 6N60A96 1¥3633381 126AOOI 3571.288 IlJ63.3381 12&4LKII 789208 13.552,961 Charttv funds 2021 Flxed assets Cyrrent assets Current labMI￿eS Pra￿s1OnS 8.482.201 2,IODIQO 482204 9.012535 11884.5311 I26.4￿) 6.144.160 13,8843311 I26.4￿1) 764375 233232 10582.201 768375 583,808 Gm Rtstrkted frjnds 2020 Fjxed assets Current assets Current liabllUe5 pl￿4s5On$ 7￿5,577 1450J 7,065,579 5.424.257 11.596,9141 126.4CQI 2,528,671 11.596.9141 126,4ty)} 445386 .359 9.515.777 445.586 10,866,522 Ch Genwal I￿SIgnalert Ind lunds Ilxed asset funds Restrfrted fvnd5 Fixed assets Current a55ets Current fiablitie5 Provislons 7.1%5577 2.450.1 7,065.580 6,668.275 12,866.0481 126.4001 3,772,689 1186QWI I26￿￿? 44S.$86 880.244 9.515.577 445,586 10,841.407

Donmar Warehouse Projects Limited for1￿ ywwmled 31 M¥th 20ZI laprtknj 12 Analyslsof cash and t•h •il¥•leTrts Group Grn Compgny 2021 Compary 2020 Short-term depoyts held Cash balances 5596322 335 4351.998 335 10242 1861,446 335 5596.657 4352.333 4510.759 2,861,781 All r05h * b￿kIshek1 In dePo￿t￿¢￿jntsartd is inmediatetykqui(L The Charityhold$ no Ni¥estmentsoth¢rthan the Shareholdi￿Of its sub51dl￿e The Group operates a defined contribution PEnsbJn sclwE The assets of the scheme arn hekl separately fmrn ihose of the group in an I￿lePenden1fy admbnistrred fund held by Friends Pr(bvhnt. The pension cost represLmts contribution5 payBble ￿ the group io thefurKI. 2021 Contribution5 payable f(Y pvmanent Aaff Contrlbutlons payable fw staff wckir¥ ￿ Wad￿li￿S 69,164 86.424 7,702 Total contributlons payable by the youp f￿thÈ 69.449 94.126 47

Donmar Warehouse Projects Llmlted frytheyearended 31 Marth 2021 IcMtlN￿j 24 Related party dlsdosures At the yearend, the cornpanyw•s £5.kn12020- £5.2981 by In the Wesi End LThited. Ourfng the year thec(¥ryany recdved £Nil12020- £3875641 fr(￿ ￿ Afflef￿ Friends of Tht Donmar Theatre Inc. a company rEBiStered in the United te& TN5 was to the Donmar ch0051W to app￿ fur a doThation dltring the previfJJS ye¥. the ¥rantin8 of whKh was subiert lo tr thscretlon of Thè kneriEan Fripnds ofThe DonmarTheatre Inc's dIreCt￿S. At the year end The American Fwiends ofThe Donm¥Theatye Inc owd the company £Nil12020- £NIII. Lwd Browne of Madin8Jeywas PAlam KeI￿rIght 55 3 ￿rec￿rOf both c(¥npar4es. ringthe yEarthecompanyrechar8ed ￿sts cf809,45112020- £8C8.4511 to Dor￿ar ProductSons Umited l°tKIL"l and paid DPL £SOI,11112020- É3,139,2011 to WodU￿ certain Shry￿. DPL also 8tft aided profits of £460.69912020- Nill to the company. Atthe end 01t￿YearthE CL￿panY￿￿e￿ £2￿56.253 to ltst4holtyowned yjbsidiary Oonmar Projuctions Llmited12020.£1.89&998} aThJ Was0￿ £3.606,4031ry its7*h{￿￿￿#ned5ub%ll¥ary Donmar Productions Lirnited12020 - £353S,6961. All of the ab(Ne transactions ((X￿￿￿ted and pe￿isSion is granted thern In the companvs memofandum and artitle The charity rtceived an 3wegale a￿￿t of £310,CO) in thytètions from trustees the year12020- £123,870). Induded in this amount arE restricted donations of £310,C((J12020 - E86,1201 towards Produrt1ry15 £50.(Kty)12020- E40.0001 and Capltsl £260JXXI12020-£45.(iKII. There were noothw rdated party trafiSactk￿.

Donmar Warehouse Prolects Limlted 25 Operatlng lea5E At 31 March 2021 theCIxnp￿ had annual CL•nmitmwstswthr 0￿<￿IlaLI¢0per1t1r￿ leases as follow5.. 20Zi Z020 Land and Expiry date., rthin one year Between one and five years Oue alter fS¥e years 48WO 133,891 7W.630 157.770 7,093,630 7251ANI 7.3LIJ.280 Equlprnent Expiry date.. Within onèyear Between and five years Due after fwe years 21,439 8.138 29,577 736L356 7,329A57 26 Transartlons as an awit Dwing the year the ¢ompany S￿d tlckets on behalF clThE Theatre. As a 31 March 2021 £Nil 12020.. £41,679) of tdets had sold, £Nil12020: £45￿12) toen paid ortrto The G￿K￿d Theatre. In totsl £Nil12020.. £4.6041 11 be rtsned as booking fee income. The cc¥npany also sold t￿kets on bthalf of Dewont lAa(ktht￿. As at 31 Ma￿h 2021 £Nil1202tr. £8,950) of titkets had been sold, none1202tr. £8￿70) of wli¢h has already been p*J w to Mfont Macknnt05h. £NS112020: EI.7031 was retained as bookir¢fee intrkne. There are no Wances at Iheyew end in relatltyl to the alMhTetran5aclirffi 49