ANNUAL REVIEW 2014/15
The Festival and King’s Theatres are delighted to report another excellent year artistically and financially, during which they have eliminated an accumulated deficit ahead of schedule and moved into the black. The details are included in the Festival City Theatres Trust Annual Review for 2014/15, which was released earlier today, and includes the following headline information –
· Drama ticket sales at the King’s Theatre up by 41%
· No of Dance shows at the Festival Theatre up by 17%
· Record pantomime box office income
· The largest audience on record for a Scottish Ballet run with their production of The Nutcracker
· Continued expansion of Learning & Participation activity with 21,241 people taking part in 310 events
During the course of the year the Trust has worked with international and national theatre companies, alongside local amateur groups to bring the best possible programme to its stages in the Festival Theatre, the King’s and our Studio at the Festival Theatre. In 2014/15, the Trust celebrated 20 years of the Festival Theatre, and was recognised with two major accolades as an employer - receiving Investors in People Silver status and inclusion in The Sunday Times’ list of the 100 Best Not-for-Profit Companies to work for.
The deficit, which stood at £935,000 in March 2011, was expected to be cleared by March 2016. However, the Trust, which operates both venues, has now cleared the deficit and ended the last financial year with a surplus of £172,000 - which will be carried forward as reserves into 2015/16.
On the success of the last financial year Chief Executive Duncan Hendry said: ‘The successes of the year past have been made possible by the support of our Board and the hard work and dedication of the extraordinarily talented team of people who work in our theatres.’
The annual review for 2014/15 marks a celebration of a successful financial year. We hope you’ll enjoy reading about some of our experiences - you can read it online here