2009-10 Annual Review - The Shakespeare Globe Trust - Shakespeare's Globe
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The Shakespeare Globe Trust
Annual Review
2009-10
1
2009 2010
November December January February March April
1 First of over 2,500 6 Staged reading of William 6 Shakespeare Theatre 13 First Heaven to Hell 5 Playing Shakespeare with 17 Annual Sonnet Walk
schools workshops presented Smeaton’s The Return from Association of America 3-day backstage tour for Friends Deutsche Bank performance 23 Shakespeare’s Birthday
by Globe Education Parnassus conference opens at the Globe and Patrons of Macbeth Celebrations; 2010 theatre
throughout the year 9 ‘Some Little Account of 9 First of eleven 21 Staged reading of George 10 Qualifications and season, ‘Kings and Rogues’,
12 ‘Shakespeare’s Sonnets the Man’: a lecture by Charles undergraduate courses at the Granville’s The Jew of Venice Curriculum Development opens with Macbeth
& Sex’: a lecture by Professor Nicholl Globe begins 22 Half-term events begin agency launch the new ‘Active 26 Annual Comedy Store
Stanley Wells 10 Southwark Schools’ in Shakespeare’s Globe Shakespeare’ learning Players show at the Globe
18 ‘Sounding the Sonnets Concert for Winter Exhibition materials at the Globe 27 First ‘Setting the Scene’
that Shakespeare Spoke’: 22 Footsbarn’s A Christmas 18 Our Theatre production lecture
a lecture by Professor David Cracker opens of A Midsummer Night’s Dream 29 The touring production
Crystal 21 Sam Wanamaker Festival of A Midsummer Night’s Dream
28 Shakespeare Symposium: for drama schools opens in Greenwich
‘From Rowe to Shapiro’ 26 Rutgers University
concludes its annual
semester programme with a
performance of A Midsummer
Night’s Dream
May June July August September OCTOber
1 First Childsplay workshop 6 Henry IV Part 1 opens 3 Henry IV Part 2 opens 14 Revival of the 2008 5 World premiere of Nell 7 ‘Shakespeare is German’
9 Staged reading of Thomas 12 Sam’s Day: the Globe’s 18 Staged reading of John production of The Merry Wives Leyshon’s Bedlam season launches with the
Betterton’s King Henry IV annual celebration of the life Banks’ Virtue Betrayed of Windsor opens 10 Issue 46 of Around the launch of Goethe on
15 Henry VIII opens and work of Sam Wanamaker 24 World premiere of 15 Staged reading of John Globe published Shakespeare
25 Presentation of Globe- 17 The touring production of Howard Brenton’s Anne Boleyn Fletcher and Philip 16 Teaching begins for the 11 Neil Constable starts as
conceived As You Like It The Comedy of Errors opens in Massinger’s The Sea Voyage MA in Shakespeare Studies, the new Chief Executive of
installation at Evelina Portsmouth 28 Eighteenth ‘Talking ‘Text and Playhouse’, with Shakespeare’s Globe
Children’s Hospital, Lambeth 24 Sam Wanamaker Theatre’ event King’s College London 14 ‘Shakespeare – A German
Fellowship Lecture delivered 19 Staged reading of John Writer’: a celebration with
by Professor Peter Holland Fletcher’s The Chances Sebastian Koch
28 The Merry Wives of
Windsor opens at the Michael
Schimmel Center for the
Performing Arts, New York
Contents Chairman’s Statement 6 Chief Executive’s Statement 8 Theatre 10 Education 12 Exhibition & Commercial Activities 14 Auditor’s Statement 16 Financial Commentary 18 Summarised Financial Statements 22 Income & Expenditure Charts 24 Supporters 25 Governance 26
Chairman’s
Statement
It seemed unlikely that the Globe’s 2010 a more handsome collection of spaces
season could better last-year’s recession- in which to teach, learn and rehearse?
busting performance, but it did! I’m
The realisation of the Sackler Studios is
delighted to report that in just about every
a cause for double celebration, for it has
area under review we’ve managed to go
ushered in the next phase of our Second
one better than 2008/9. At a time in which
Stage Campaign – namely the completion
the country at large has been fastening its
of the Indoor Jacobean Theatre. The shell
belt even tighter, the Globe has grown in
of this building, so long divided up into
the breadth, depth and popularity of all its
provisional rehearsal and teaching spaces,
activities. In addition, we have made a huge
can now be vacated in readiness for its
advance in the facilities the Globe can now
conversion into the most exciting theatre
offer our theatre companies and students.
reconstruction in the country. When the
This advance is the building now new auditorium opens in 2013, we shall
containing the superb new Sackler Studios, be able to offer something approaching
which was opened by HRH Prince Philip the kind of year-round programme of
in November, just after the reported 12- productions that would have been familiar
month period came to an end. The elegant to Shakespeare’s own company in the early
exterior, preserving much of the character 1600s. It’s an exciting prospect.
of the old premises once occupied by Sam
In the meantime, as the reports in this
Wanamaker in this project’s early years,
review testify, we can look back on a year
and the brilliantly conceived interior,
of terrific artistic and educational
complete with oak walls and state-of-the-
achievement. It is always invidious to pick
art audio equipment, are a credit to the
out highlights – and particularly in such a
architects and, more fundamentally, to
rich and varied year – but I must mention
the faith of all those supporters who
the marvellous Henry IV plays, our first
understand the value of our work and
production of these masterpieces at the
could see how much more we might
Globe. This gave our audiences not just
achieve given the resources to do so. Does
a wonderful ensemble performance but
any theatre in the country now possess
6
also, in Roger Allam, a truly unforgettable, of Peter Kyle, who, after leading the
Olivier-award-winning Falstaff. And I must Globe through twelve exciting, sometimes
also mention the world premiere of Howard turbulent years, stepped down as Chief
Brenton’s gripping Anne Boleyn – richly Executive at the close of the year. He well
deserving of the whatsonstage award for deserved the OBE given him in the recent
best new play and further proof, if it was New Year’s Honours. I join all the Trustees
needed, of the wonderful contribution and indeed everyone involved in the
contemporary playwrights are making running of the Globe in thanking Peter
to the artistic life of the Globe. On the for his wonderful work and in welcoming
education side, the Playing Shakespeare his successor, Neil Constable.
production of Macbeth marked the fourth I extend thanks, too, to my fellow Trustees
year of our collaboration with Deutsche and in particular to Professor Sue Robertson
Bank and brought over 14,000 students to and Lord Howell, who stepped down from
see a play at the Globe at no cost, courtesy the Trust just before and during the period
of Deutsche Bank’s generous sponsorship. under review.
It is difficult to think of a more inspiring
(or straightforward) way of bringing Founded on one man’s vision, driven by
Shakespeare to so many young people. a small team of enthusiastic and committed
Very different, but equally exciting, was professionals, supported by an army of
‘Shakespeare is German’, the mischievously devoted volunteers and over 6000 loyal
titled series of imaginative public events Friends, sponsored by the generosity of
which began towards the end of the year. individual donors and corporations, serving
It was a season of which our late founder, a broad audience with a wide range of
devoted as he was to the international services and run without a penny of public
importance of Shakespeare, would have subsidy, Shakespeare’s Globe has been
been proud. for many years an exemplar of what an
energetic coalition of professionals and
All these things and – as the following volunteers can deliver. Long may it continue.
reports suggest – far, far more have been
accomplished under difficult economic
conditions, for which congratulations are Roger Parry
due to the Globe’s hugely dedicated and Chairman
skilled staff. And here I must also pay
tribute to the magnificent stewardship
7
CHIEF EXECUTIVE’S STATEMENT
It is a rare thing indeed to inherit a miracle has presented its most successful year ever,
and to be charged with the task of looking not only in financial terms, but also in the
after it, but that is precisely what happened extraordinary breadth and quality of its
to me in 1998 when I was appointed the artistic and educational work.
Globe’s first General Director.
The Exhibition was completed in 2000 and
Writing in September 1997, at the close of the Education and Rehearsal Centre was
the Globe’s opening season of plays in the completed this year. Attention now turns
completed theatre, Sir Michael Perry, then to the creation of the Indoor Jacobean
Chairman of the Shakespeare Globe Trust, Theatre, which will provide a glorious new
wrote, ‘I believe that achievement is one of addition to London’s theatrical landscape,
the artistic and educational miracles of our and the completion of a Library and
time’. He also cautioned, however, that, Research Centre in which to house the
‘The completion of this remarkable theatre remarkable collection of books gifted
and the wonderful success of the Globe to the Globe by John Wolfson. The Trust’s
Company’s 1997 season, though, must not fundraising task still has some way to go!
be allowed to obscure the fact that the
It has been my privilege and pleasure over
Shakespeare Globe Trust still has a long
the past twelve years to be the Globe’s
distance to go. Plans for the Exhibition and
Chief Executive and to work with a
the Education Centre are not yet realized.
remarkably talented group of executives
The Trust’s fundraising task is a little over
and non-executives, including of course
half finished.’
a legion of dedicated staff members too
Over the course of the next 13 years, Sir numerous to mention. But in addition to
Michael and his successor as chairman, Sir Michael and Roger, I must pay special
Roger Parry, have recorded in their Annual tribute to Robert Brooke, Chairman for
Review statements an increasing sense of so many years of the International
pride and wonder as the achievements of Shakespeare Globe Centre Ltd and now
that first season have been exceeded in Deputy Chairman of the Trust, to other
each successive year. It is no small miracle officers of the Trust, the committee chairs,
that at the end of 2010 and in the face of the Trustees and to the members of The
world wide economic recession, the Globe Shakespeare Globe Council. I am indebted
8
to them all for their support, encouragement expect of education departments in
and guidance. Throughout the period, the theatrical institutions.
Globe has been enriched by the dedication All of this has been achieved with a sense
of those serving with the Shakespeare of playfulness which lies at the very heart
Globe Centres overseas and by its quite of all that the Globe does.
remarkable and ever expanding army of
volunteers, without whom we could not If I have been a reasonable steward and
present our full programme of activities. ‘care-taker’ of this remarkable organization,
Those who serve the Globe in a voluntary I am content and I wish my successor as
capacity are the treasures that underpin Chief Executive, Neil Constable, great joy
our miracle. in leading the company through the
challenges and undoubted pleasures that
The work that the Globe presents – lie ahead.
whether it be at our home on Bankside,
through the work of our touring companies,
the appeal of the exhibition, the wide array Peter Kyle OBE
of educational activities or through a range ChIEF EXecutive 1998-2010
of online and digital media – plays to an
increasingly large, enthusiastic and
international audience, engaging with all
ages and many nationalities. That work has
been created, supported and nurtured by
highly gifted colleagues. I consider myself
fortunate indeed to have worked alongside
some of this country’s most gifted artists
and educators. The Globe has benefited
from two exceptional artistic directors, both
of whom in their own styles have been
hugely successful, pioneering, innovative
and daring, while the Globe’s Director of
Education and his teams have raised the
bar and redefined what we have come to
9
Theatre
Flying in the face of growing economic Macbeth was followed by the rarely played Our two tours continued to prove popular
strain, and news of cuts in the arts world, Henry VIII, which had last been seen when across the country and Europe; audiences
2010 saw the Globe produce its most the first Globe burnt down in 1613. We turned out in all weathers for a hilarious
successful season ever. The theme of the arrived at this anniversary with some slap-stick Comedy of Errors and a sexy romp
season was Kings and Rogues and we had trepidation but thankfully the show passed of a Midsummer Night’s Dream. We visited
a grand flourish of both. From despots and with no use for our sprinkler system. Mark eight new venues in the UK and continued
dictators to the kindly and kingly, the Rosenblatt’s production turned the much- on our now well-tread path across Poland,
theatre was crammed full of characters maligned text into a political thriller and Norway, Austria, Malta and Germany. We
divine and debauched. packed the theatre full of the glamour and pushed forward with plans to film as many
glory of the Tudor court. This was followed productions as possible, extending the
The year began earlier than usual, with a
by the Henry IV plays. Roger Allam’s season by a week in order to accommodate
long tour of the US with Love’s Labour’s Lost,
irrepressible Falstaff charmed the crowds the sell-out popularity of the two Henry IV
which made many new and exciting friends
and earned him an Olivier award as well productions and enable us to document the
for the Globe across the States. It was so
as an Evening Standard award nomination, performances on film (due for worldwide
rewarding that we are now determined to
and the heavyweight cast of Jamie Parker, release in May 2011). Henry VIII was also
try and make the touring of North America
William Gaunt and Oliver Cotton amongst recorded as was the tremendously popular
a regular part of what we do.
others, made for a great showcase of talent Merry Wives of Windsor, back for its second
Innovation continued with our first held within our great national pageant. season from 2008, before embarking on
experiment in winter playing. The a US and UK tour.
The new writes were again successful, with
renowned international touring company
Howard Brenton’s Anne Boleyn selling out As always, the deluge of atmosphere,
Footsbarn came with a specially created
even before the reviews came out. When audience and exhilaration which floods
show, the Christmas Cracker, which played
the show did finally open it was received this site through the summer months
over the two weeks surrounding Christmas
with raves for play and production, and will seems to enable the team here to achieve
and the New Year. Packed with stunts,
be revived in 2011. Our other piece of new tremendous things, year in year out.
wonderful music, and clowning, it filled the
writing in 2010 heralded another important
house up in chilly weather, and proved
Globe first. Bedlam, by Nell Leyshon
there is a winter audience for the Globe. Dominic Dromgoole
was the first piece penned by a female
The season proper opened with a visceral playwright in any of the Globe’s histories. Artistic Director
Macbeth staring Elliot Cowan and Laura It was a terrific piece of writing which
Rogers, with an innovative design that embodied the chaos and cruelty of
stretched a cloth across the yard Augustan London.
transforming it into the ‘ninth level of hell’.
10Macbeth
Anne Boleyn ‘The strongest opener to a Globe season
‘Brenton’s inventive new play... The Globe I have seen.’
The Times
is a brilliant forum for intellectual debate.’
Henry VIII
The Independent ‘If the Globe had a roof, this production
would surely have blown it off... Represents
the theatre at its very best and makes for a
joyous spectacle.’
Sunday Telegraph
Henry IV
‘One of this popular theatre’s finest
achievements... Roger Allam strikes me as
the best Falstaff for 20 years.’
Daily Telegraph
The Comedy of Errors
‘Skilfully bring the ambience of 17th-century
theatre into the 21st century… The energy
of the cast is truly electric.’
whatsonstage.com
A Midsummer Night’s Dream
‘Summer is all the sweeter for a
Shakespeare road trip.’
Daily Telegraph
The Merry Wives of Windsor
‘This is an absolute joy... Sure to spread
sunshine wherever it goes... The timing and
attention to detail are impeccable. Bliss.’
Time Out
Bedlam
‘Turning the Globe into a chaotic madhouse
and filling it with slapstick energy and
blackly gleeful exuberance.’
The Independent
11Education
The building of the Globe Education and Outreach courses for teachers took Globe All 22 accredited UK drama schools
Rehearsal Centre (the Sackler Studios) may Education practitioners across the UK as participated in the 2010 Sam Wanamaker
have limited a growth in the number of well as to Italy, the Lebanon and Germany. Festival. Both King’s College and Queen
students visiting us for workshops this year The Globe Education Academy for Teachers Mary University sent undergraduates to the
but we were still able to develop our work in association with UC Davis, California Globe for lectures and workshops as part of
with local, national and international secured funding for a further three years. their degree courses and Globe Education
audiences. and King’s College celebrated the 10th
Shakespeare’s Globe hosted the 2010
anniversary of their joint MA in
A Midsummer Night’s Dream was the play conference for the Shakespeare Theatre
Shakespeare Studies.
chosen for the annual Our Theatre Association of America with over 80
production with a cast of over 450 Shakespeare Festivals represented. A highlight among a score of lectures given
Southwark primary and secondary school by leading Shakespeare scholars was James
20,000 German school students visited the
students. We are enormously grateful to Shapiro’s visit to talk about his new book,
Globe for workshops and lectures during
PricewaterhouseCoopers for this, the Contested Will. Library and Archive staff
the year. Shakespeare is German was the
fourteenth year of their support for Our began digitizing VHS and DVD archive
chosen theme for the Autumn 2010 Events
Theatre, the Globe’s flagship community recordings of Globe productions and the
programme. It began with the launch of a
project. PWC’s generosity is helping us Architecture Research Group continued
new book of translations of Goethe on
raise educational achievement and to test published research regarding the
Shakespeare commissioned by Globe
employment skills throughout Southwark. Worcester College, Oxford plans for a
Education and included a special evening
Beyond our borough, a ten-week residency 17th-century theatre. This will inform the
‘Shakespeare – A German Writer’, starring
at the Evelina Hospital School in Lambeth building of the Indoor Jacobean Theatre
Sebastian Koch.
ended with a site-specific performance of on the Globe site that will follow the
As You Like It. Globe Education was accredited by the completion of the Sackler Studios.
British Accreditation Council and thus
80% of the bookings for our Learning In September we said a fond farewell to
fulfilled UK Border Agency Requirements
programme at the Globe for school Deborah Callan, Globe Education’s Head
that will allow us to welcome international
students and teachers were repeat visits. of Department and Events, who left the
students for our wide range of
The fourth annual Playing Shakespeare with Globe after 18 years of dedicated service.
undergraduate and graduate courses.
Deutsche Bank production was extended by
These include BFA acting students from
a week which allowed over 14,000 students Patrick Spottiswoode
Rutgers University who spend their entire
from across London to receive free tickets Director, Globe Education
third year studying at the Globe.
for Macbeth at the Globe. Students from
over 57% of London secondary schools Sixteen summer schools were offered this
have now participated in the Playing year for school students, undergraduates
Shakespeare project. and MFA students as well as for
international teachers.
1213
Exhibition & Commercial
Activities
Despite a continuing challenging economic scheme. The guided tour of the theatre in of 37 watercolours inspired by the plays demonstrations, activity weekends and
context, all the Globe’s major income- particular continued to represent a highly of Shakespeare and paintings from the story-telling sessions covering topics such
generating activities performed vigorously attractive proposition to both domestic National Gallery, and Patients & Psychiatrists, as sword-play, costume-dressing, printing
in 2009/10. and overseas visitors with survey data featuring etchings of staff and patients techniques and woodworking; all
consistently demonstrating very high at Bethlem Royal Hospital, which contributing to our mission of promoting
The Exhibition and Theatre Tour, which
satisfaction levels. Within the Exhibition we complemented the 2010 production the understanding and enjoyment of
is offered all year round to visitors, for
continued to deliver a vibrant programme of Bedlam. In addition, we continued Shakespeare in performance. In 2008/9
a second year welcomed over 300,000
of small temporary exhibitions. These to enhance the overall visitor experience we ran some 800 events in the Exhibition;
visitors, thereby putting it in the top ten
included Shakespeare’s Treasure, a collection with an extensive range of displays, in 2009/10 this was increased by some
visitor attractions on the London Pass
1450%, to over 1,200 events. The financial customers with what they want. We bar and restaurant business continues to graphic identity which we started to roll out
performance of the Exhibition & Tour was have always offered a relatively high show substantial growth on the back of in the latter part of the year. The new
similarly impressive with the bottom-line proportion of Globe-branded merchandise buoyant theatre audiences but also as a identity provides a strong and consistent
contribution outstripping budget by 18%. (circa 80%) within the shop and we consequence of the continually improving design framework for all future printed
continued throughout 2009/10 to develop reputation of the Swan Bar and Brasserie collateral and communications activity and
Our secondary income-generating activities
attractive bespoke ranges linked to theatre as a destination drinking and dining will be reflected across new digital formats
of retail and catering also fared very well
productions and to create more experience. As a result of more vigorous including a totally new Globe website
despite a difficult trading year for these
merchandise which reflects the Globe’s PR activity by Swan over the year, the which will be launched early in the next
sectors in general. The Globe shop once
unique architecture. The latter part of the restaurant in particular has enjoyed some financial year.
again exceeded all income, margin and
year saw intense preparations being made very positive national press and broadcast
bottom-line contribution expectations and
for the launch of a new online shop in media coverage. A pilot for a major TV
turned in a net contribution for the year Mark Sullivan
Spring 2011, which we believe will lead series based on Elizabethan cooking
10% ahead of budget. Although the year Commercial Director
to a step-change in our retail performance techniques has already been filmed and
started slowly, principally due to adverse
and, very importantly, provide us with an is being marketed to major television
weather and travel disruptions, the very
opportunity to further expand the product- channels.
successful – and extended – theatre season
offering and cater for a more diverse
provided a strong visitor trading base on We have long recognised that the real
audience than that which currently
which we were able to capitalise. A wide commercial potential for the Globe exists
patronises the on-site shop.
range of improvements were made to the beyond our Bankside site via the
shop’s lighting, merchandising and general Concession income from the catering and exploitation of the Globe brand. In order
product-offering over the year. The greatly events operation, managed by Swan, grew to ensure that the brand (and particularly
increased average transaction values by 14% on last year with hospitality events its visual manifestations) is suitable for such
clearly demonstrate that we are providing performing well in a difficult market. The exploitation, we have developed a new
15AUDITOR’S STATEMENT
Independent Auditor’s statement to Members of The Shakespeare Globe Trust
We have examined the summary financial Our report has been prepared pursuant to Opinion
statement for the year ended 31 October the requirements of the Companies Act In our opinion the summary financial
2010 set out on pages 18 to 24. 2006 and for no other purpose. No person statement is consistent with the full annual
is entitled to rely on this report unless such financial statements and the Trustees’
a person is a person entitled to rely upon Report of The Shakespeare Globe Trust for
Respective responsibilities of trustees this report by virtue of and for the purpose
and auditors the year ended 31 October 2010 and
of the Companies Act 2006 or has been complies with the applicable requirements
The trustees are responsible for preparing expressly authorised to do so by our prior of section 427 of the Companies Act 2006,
the Annual Review in accordance with written consent. Save as above, we do not and the regulations made there under.
applicable United Kingdom law. accept responsibility for this report to any
other person or for any other purpose and
Our responsibility is to report to you our we hereby expressly disclaim any and all
opinion on the consistency of the summary such liability. BDO LLP, Statutory Auditor
financial statement within the Annual
Epsom
Review with the full annual financial
statements and the Trustees’ Report, Basis of opinion United Kingdom
and its compliance with the relevant 21 March 2011
We conducted our work in accordance with
requirements of section 427 of the
Bulletin 2008/3, ‘The auditor’s statement
Companies Act 2006 and the regulations
on the summary financial statement in the BDO LLP is a limited liability partnership
made there under.
United Kingdom’ issued by the Auditing registered in England and Wales (with
We also read the other information Practices Board. Our report on the charity’s registered number OC305127)
contained in the Annual Review and full annual financial statements describes
consider the implications for our report the basis of our opinion on those financial
if we become aware of any apparent statements and on the Trustees’ Report.
misstatements or material inconsistencies
with the summarised financial statement.
The other information comprises only the
information contained in pages 1 to 15
of this Annual Review.
1617
FINANCIAL commentary
Excluding funds received in respect of its purposes in the form of admission charges 350,000 theatre attendees and played to The Lively Action programme of workshops
Capital Campaign and net of associated to the theatre and exhibition, together with 91% attendance capacity overall, up 4% designed specifically for children from the
costs, the Trust generated an operating fees for educational services. Secondary on the previous year. Approximately 40% ages of 5 to 18 welcomed over 80,000
surplus of £0.327 million (2009: £0.063 revenue is generated largely from visitor of our audience paid only £5 to stand as students to the Globe for half or one-day
million) for the year to 31 October 2010 spending in the on-site shop and catering ‘groundlings’ to watch our performances. workshops from over 2,500 schools, of
(2009: 55 weeks to 7 October 2009) on and facilities hire. Recurring annual We estimate in the region of 50% of our which 70% were repeat visits. Education
consolidated operating income of £14.645 sponsorships, corporate support and audience is under 35 years of age. work within the Southwark community
million (2009: £13.833 million). In sum, and general donations make up less than 10% included a production of A Midsummer
Two small-scale Shakespeare productions
including funds received in respect of its of the group’s annual incoming resources. Night’s Dream, which involved over 400
played to approximately 38,000 people
Capital Campaign, the Trust reported a students on stage and was again supported
at over 30 venues across the UK and in
surplus of £2.224 million (2009: £1.536 by PricewaterhouseCoopers. Excellence
million) in its statutory accounts for the year
Result for the year Europe, and regularly achieved full houses.
in Southwark funding enabled Globe
In addition there was a full-scale tour
to 31 October 2010 (2009: 55 weeks to 31 Consolidated operating income at £14.645 Education to actively engage with schools
across North America of our production
October 2009) on consolidated income million (2009: £13.833 million) was up 6% in the community and included the
of The Merry Wives of Windsor. It played
of £16.615 million (2009: £15.530 million). on the previous year, mainly due to an development of three Southwark youth
to substantial houses and helped to develop
exceptionally successful theatre season at theatres. We need to find alternative
new and existing relationships.
the box office. Trading income continues funding for our work in Southwark schools
Principal funding sources Education fees were down 9% on the now that Excellence in Southwark funding
to provide much-needed support to our
Shakespeare’s Globe receives no direct charitable activities, contributing 19% of previous year, reflecting a loss of available has run its course.
annual government subsidy for its core total operating income in 2010 (2009: 19%). studio spaces whilst the new Education and
The Exhibition & Theatre Tour attracted
artistic and educational work. We rely on Rehearsal Studios were being created. This
The 2010 Kings and Rogues theatre season 307,000 paying visitors (2009: 309,000) and
our own ability to generate income, income was boosted by the generous
included nine productions, seven played generated income of £1.993 million (2009:
supported by fundraised income from a support received in respect of this year’s
at the Globe’s home on Bankside, one of £2.004 million). The Exhibition was attended
number of sources including friends and Playing Shakespeare project (Macbeth) from
which then toured to the USA, and two free of charge by 5,352 visitors as part
patrons, corporate partnership funding and Deutsche Bank. This provided free theatre
were presented on tour in the UK and of our policy to provide free access on the
sponsorship, grants and donations, as well tickets for over 14,000 12-16 year olds from
Europe. These productions comprised Sunday (18 April) preceding Shakespeare’s
as a significant contribution from across London boroughs and a series of
seven of Shakespeare’s plays (including Birthday (23 April).
volunteers to carry out some of our workshops in schools and at the Globe for
one revival) and two new plays.
activities. over 1,200 London students. Deutsche Trading income of £2.740 million
The Globe’s theatre season at Bankside Bank has pledged finance towards similar represented an improvement of 4% on the
Around three-quarters of the Trust’s
comprised 255 performances compared projects for the next two years. previous year (2009: £2.633 million). Income
incoming resources derive from primary
to 273 in the previous year, attracted over from the Trust’s catering facilities grew by
1814% and retail activities achieved growth In addition, one of the two remaining £0.3 million of this increase relates to the Total net assets of the group at the balance
of 5% on the previous year, both of which external preference shareholders, to whom cost of filming four of our Shakespeare sheet date were £31.607 million (2009:
were pleasing results in the current the Trading Company owes a long term productions for subsequent release via £29.070 million). Consolidated unrestricted
economic climate. liability, surrendered their shares to the a range of media, undertaken for the assets as at 31 October 2010 were £3.698
Trust during the period, following the second year running but financed for the million, sufficient to meet the Trust’s
The Trust’s fundraising activities continue
surrender by eight preference shareholders first time from our own resources; it is reserves policy as detailed below.
to range from the development of funding
in the previous year. This has improved the expected that related future revenue
partnerships with the corporate sector and In 2008 the Trust determined to enhance
Group’s cash flow by a further £0.005 streams will enable such annual investment
grant-making trusts to the promotion of a its facilities to better support its charitable
million per annum (2009: £0.040million) and to become self financing over a period
range of individual giving and membership activities by creating:
reduced its long term liabilities by a further of time.
scheme opportunities through the Friends • a custom-built Education and Rehearsal
£0.3 million (2009:£2.5 million).
of Shakespeare’s Globe (‘the Friends’), The balance of the increase to expenditure Centre
Patron Schemes and other on-going The Trust relies on a significant contribution on the previous year relates to greater • a faithfully reconstructed 17th-century
appeals, in addition to our Capital from volunteers to carry on its activities, investment in maintaining the Trust’s Indoor Theatre
Campaign discussed further below. The mostly in the form of a growing pool buildings and its facilities to ensure they • a Library and Research Centre
primary focus through all of these fund- of over 500 enthusiastic and dedicated continue to be ‘fit for purpose’.
The combined cost of these three projects
raising activities is to generate revenue volunteer stewards who provide essential
Capital expenditure amounted to £3.222 was estimated at £20 million and the Trust
support for the Trust’s educational and house management support throughout the
million over the period (2009: £1.737 million). launched a Capital Campaign in support
theatre programmes, with particular summer theatre season and at other public
Of this £3.016 million related to the creation of these projects in the same year. Cash
emphasis on the community education events from time to time. Other volunteers
of the Sackler Studios – the Globe’s new donations and pledges, including £2.6
and outreach work carried out by Globe work on the donations/Friends’ desk in the
Education and Rehearsal Centre, as part million committed by the Trust from its
Education. theatre foyer, helping with the Trust’s fund-
of the overall £6.1 million project – bringing own resources, amounted to £7.4 million
raising efforts by accepting donations from
Unrestricted donations of £0.384 million the cumulative spend on this project to the at the end of this financial year.
tour groups and other visitors to the Globe
(2009: £0.501 million) were down 23% on end of October 2010 to £4.296 million. The
all year round. Work to create the new Globe Education
the previous year. This includes Friends balance of outstanding expenditure relates
and Rehearsal Centre, now named Sackler
subscriptions and donations which No monetary amount has been included in to the purchase of the freehold for which
Studios in recognition of a £1.5 million gift
amounted to £0.299 million (2009: £0.372 the Trust’s voluntary income for the period payment is not due until March 2011,
from the Mortimer Sackler Foundation, was
million), down on the previous year due to a to reflect the value of the ‘in kind’ support contract retentions with the principal
all but complete by the end of the financial
one off donation that year of £0.075million. provided by the Trust’s volunteers. It contractor and some minor additional
year. The Centre comprises four new
is estimated, however, that the in kind fitting out works to provide a public café
Restricted Donations totalled £2.391 education studios and a rehearsal space
contribution from volunteer theatre to be carried out in January 2011.
million (2009: £2.013 million), of which with dimensions to reflect the Globe’s stage
stewards, many of whom are also members
£1.954 million (2009: £1.697million) relates The remaining £0.206 million of capital and is located at 1 Bear Gardens, one block
of the Friends’ scheme, exceeded 36,000
to our Capital Campaign. Restricted funds expenditure included a box office system away from the main Globe site.
hours over the year, at an estimated value
to support our Education and Theatre upgrade, upgrades to our computer backup
in excess of £0.235 million per annum. The project was successfully completed by
activities totalled £0.275 million (2009: 0.327 systems, replacement archiving equipment
our contractor, Durkan Ltd, with one of the
million). Other restricted monies received in Consolidated operating expenditure to record each production for research
original architects for the reconstructed
2010 include £0.050 million to carry out a amounted to £14.318 million (2009: £13.770 and archival purposes, a new show relay
Globe Theatre, Jon Greenfield, responsible
Master Planning exercise for the Globe’s million), an increase of 4% on the previous system, and some electrical and fire alarm
for the core structure of the building and
estate and £0.075 million to support new year. upgrade works.
planning, and Eldridge Smerin, architects
branding and PR initiatives.
19responsible for the interior look and feel The Trust’s consolidated unrestricted • Growing visitor numbers (currently
of the building. reserves as at 31 October 2010 of £3.698 300,000) and yield to the Exhibition
million meet the needs of this policy. The & Theatre Tour.
The project was completed on budget,
Trust’s designated reserves include £2.6 • Optimising use of the new Globe
at £6.1 million; the building was officially
million of its own resources allocated to Education and Rehearsal Centre.
opened by HRH The Duke of Edinburgh on
its Capital Campaign. • Developing a ‘Master Plan’ for the site,
10th November 2010, and will become fully
to realise the second and third phase
operational in early 2011. The Trust’s reserves policy is subject to
of the Trust’s capital development plans:
regular review to ensure that its retained
The second phase of the Trust’s Capital a 17th-century Indoor Theatre and a
reserves meet the long term needs of the
Campaign, a £7 million campaign to fund Research Centre and Library, and to
organisation on an ongoing basis.
the interior fit out of the Indoor Jacobean create new facilities to enable the growth
Theatre located on the Globe’s main site, As with last year, the Trust starts this new of our commercial revenue.
will commence in early 2011. Subject financial year in an economically uncertain • Raising the balance of the Capital
to raising the necessary funds it is hoped environment. This presents significant Campaign funding needed to enable
this project might start towards the end of challenges for an organisation committed the completion of the Trust’s capital
2012 with the opening of the new Indoor to the continued development of its development plans outlined above.
Jacobean Theatre at the end of 2013. charitable activities but solely reliant on
We embrace these challenges with a
its own ability and the contribution of its
committed team and a highly valued family
supporters to generate funds, particularly
Financial Management policies when also delivering a necessary capital
of supporters.
The principal financial management policy programme to better support such
continues to be the conservation of long- activities. The main challenges in 2011 are: Liz Fosbury
term charitable funds and improving • Maintaining income from commercial Chief Finance and Operating Officer
reserves, whilst ensuring that adequate activities and fundraising in the current Shakespeare’s Globe
working capital is maintained to undertake economic climate in order to continue 1 February 2011
efficiently the full range of the Trust’s to support the planned level of charitable
charitable activities. activities.
• Achieving theatre attendance levels
of 75% to 85%.
Reserves policy
The Globe’s unrestricted charitable
reserves will be maintained in the following
manner:
• A minimum level of liquid reserves
of £1.6 million to be held by way of
operating contingency at all times;
• Designation of a £1 million facilities
maintenance and renewal fund.
2021
Summarised Financial Statements
These summarised financial statements are a summary of information extracted from the statutory Annual Report and The annual accounts were approved on 21 March 2010.
Accounts for the year ended 31 October 2010. They may not contain sufficient information to allow for a full The accounts have been audited by a qualified auditor,
understanding of the financial affairs of the charity. For further information, the full annual accounts, the auditor’s report BDO LLP, who gave an audit opinion which was unqualified
on those accounts and the Trustees' Annual Report should be consulted. Copies of these can be obtained from the Chief and did not include a statement required under section 237
Finance and Operating Officer, Shakespeare’s Globe, 21 New Globe Walk, Bankside, London SE1 9DT. (2) and (3) of the Companies Act 1985.
Roger Parry
Summary consolidated operating income and expenditure account Chairman For and on behalf of the Board of Trustees,
52 weeks to 55 weeks to
21 March 2011
31 October 2010 7 October 2009
£'000 £'000
Income
Theatre & Exhibition Admissions, Educational Services and Touring net income 10,947 10,246
Other trading receipts 2,740 2,633
Partnership funds, including donations, legacies and other gifts 804 817
Bank interest receivable 154 137
Total operating income 14,645 13,833
Expenditure
Fundraising costs 143 353
Personnel costs (including theatre performers and education practitioners) 5,457 5,339
Primary purpose charitable trading expenditure (non-staff related) 4,054 3,327
Other trading costs 837 979
Marketing costs 318 410
Facilities, property and other support costs 2,150 1,974
Net depreciation 1,319 1,349
Governance 41 40
Total operating expenditure 14,318 13,770
Operating surplus 327 63
Capital campaign funds received 1,970 1,697
Capital campaign direct costs (73) (224) Operating income comprises all income received during the year
excluding funds received in respect of the Trust’s capital
Net capital campaign funds received 1,897 1,473 campaign, shown separately below; total incoming resources
Total surplus 2,224 1,536 within the Trust’s statutory accounts include capital campaign
income. Similarly, operating expenditure excludes direct
Subsidiary company share transfer 312 2,565 fundraising costs in respect of the capital campaign, shown
Adjusted surplus 2,536 4,101 separately below; total resources expended as per the statutory
accounts include such costs.
22Summary consolidated balance sheet At 31 October At 31 October
2010 2009
£'000 £'000
Fixed assets 24,723 22,702
Current assets 10,027 8,913
Creditors: amounts due within one year (2,275) (1,421)
Net current assets 7,752 7,492
Total assets less current liabilities 32,476 30,194
Creditors: amounts due after more than one year (869) (1,124)
31,607 29,070
Capital and reserves
Accumulated funds
Designated 18,850 14,077
Unrestricted 3,698 5,025
Restricted 8,894 9,808
31,442 28,910
Capital redemption reserve 165 160
31,607 29,070
Consolidated cash flow statement 52 weeks to 55 weeks to
31 October 2010 31 October 2009
£'000 £'000
Net cash inflow from operating activities 2,951 2,720
Interest received 153 137
Decreases in cash on deposit (1,000) (3,000)
Purchase of tangible fixed assets (3,222) (1,737)
Net cash inflow before financing (1,118) (1,880)
Increase in cash and cash equivalents (1,118) (1,880)
23Income & Expenditure Charts
2010 2009
5% 1% 6% 1%
The Shakespeare Globe Trust Consolidated Income
theatre & exhibition admissions, educational
services & touring net income
19% 19%
other trading receipts
partnership funds, including donations, legacies
& other gifts
bank interest receivable 75% 74%
The Shakespeare Globe Trust Consolidated Expenditure
fundraising costs 0% 1% 0% 3%
9% 10%
personnel costs (including theatre performers
& education practitioners)
38% 39%
primary purpose charitable trading expenditure
15% 14%
(non-staff related)
other trading costs 2% 3%
marketing costs
6% 7%
facilities, property & other support costs
net depreciation
governance 29% 24%
24Supporters
MAJOR PARTNERS CORPORATE MEMBERS INDIVIDUALS
Deutsche Bank Bates Wells & Braithwaite London LLP Director’s Circle Courtiers
PricewaterhouseCoopers Chubb Insurance Company of Europe SE Bruce Carnegie-Brown Runa Alam
Mizuho International plc Martin Clarke Kirsty Jane Anson
MEDIA PARTNERS SAGE Publications Iraj & Eva Ispahani David & Beverley Banks
Financial Times Sapphire Systems plc Clive Lampard John Callaghan
Mark & Liza Loveday Stephen Cattell
CORPORATE SUPPORTERS TRUSTS & FOUNDATIONS Brian Mitchell The Cielinski Family
The Arden Shakespeare The 29th May 1961 Charitable Trust Danny Witter Angel Collado-Schwarz
SJ Berwin LLP Anonymous Neil Constable & Chris Martin
Commerzbank AG The Bernard Sunley Charitable Foundation Nobles Sheila Davis
Credit Suisse The Boris Karloff Charitable Foundation Adrian Babbidge & Rosemary Ewles William Davis
Manchester University Press The Boshier-Hinton Foundation Michael Capp Mary Jane Donaldson
Maviga International (Holdings) Ltd Coutts Charitable Trust Nicholas Craig Liz Fasciana
Old Mutual plc The Eranda Foundation David & Olga Dalton Nick Grewal
Reed Elsevier The Eric Anker-Petersen Charity Robert & Sara Erith John & Pauline Hunter
S-E-T Studienreisen The Fidelio Charitable Trust Martin Gill Peter King
Spotlight Fidelity UK Foundation James Harvey Stephen Lucas
Standard Chartered Bank The Garfield Weston Foundation Andre Hoffmann Darren Newman
Sumitomo Corporation Europe Ltd The Golsoncott Foundation David & Eleanor Holloway Martin Payne
The Gosling Foundation John Holser Colin Pearson
IN-KIND SUPPORTERS The Harold Hyam Wingate Foundation Sir Michael & Lady Perry Alison Reeve
Ford Motor Company Ltd The John Coates Charitable Trust Dyrk & Margaret Riddell Michael & Janice Rich
Hurtwood Press John Lyon's Charity Susan Robinson Ladislaus von Hoffmann
John Good The Leche Trust Teresa Satterthwaite Gail Wiegman
The Leverhulme Trust Stephan & Rosamund Shakespeare
Dr Mortimer and Theresa Sackler Dr David Speller THE FRIENDS OF SHAKESPEARE’s GLOBE
Foundation Brian Symons
The Peter Harrison Foundation John & Madeleine Tucker
The Royal Victoria Hall Foundation Joan Weberman
The Sidney E Frank Foundation
The Steel Charitable Trust
The Thompson Family Trust
The Wates Foundation
The Wolfson Foundation
25Governance
The Shakespeare Globe Trust Executive Committee
HRH The Prince Philip Neil Constable Christina Blair Barbara Gaines Hon. OBE Norbert Kentrup John Rodwell
Patron Chief EXecutive (from Lyle Blair Peter Gill OBE Alan King Anne Rowley
Trustees November 2010) Lord Blair of Boughton Anne Gilmour Geoffrey King Mark Rylance
Dominic Dromgoole Rudi Bogni Emma Gilpin-Jacobs Nancy Knowles-Kolden Dawn Sanders QSM
Roger Parry
Artistic Director Liz Brewer Julian Glover Peter Kyle OBE Prunella Scales CBE
Chairman
Tony Britton Charles Goldman Jane Lapotaire Stuart Sessions MBE
Robert Brooke Liz Fosbury
Robert Brooke Kenneth Grange CBE Robert Leaf Barry Shaw
Deputy Chairman CHIEF FINAnCE & OPERATING
Bill Bryden CBE Jon Greenfield Jerome Link OBE Jack Shepherd
OFFICER
Stephen Dingle Alan Butland Professor Andrew Gurr James Lister Robert D Smith CMG
Honorary Treasurer Anthony Hewitt Lord Butler of Brockwell Daniel Hahn Chris Luscombe Tom Stephens
DIRECTOR OF DEVELOPMENT GCB CVO Jackie Haighton Joseph Marcell Jeanne Strickland
Spencer Wigley
Honorary Secretary Patrick Spottiswoode Audre Carlin Patrick Haighton Charles Marowitz Jenny Tiramani
Director, Globe EDucation Bruce Carnegie-Brown Sir Peter Hall Dawn McCormick Dean Patrick Tucker
Lord Bichard of Nailsworth
Mark Sullivan Jeremy Child Rosemary Harris John McEnery Claire van Kampen
Lord Blair of Boughton
Commercial DIRECTOR Martin Clarke Sue Harrison Dr Gordon McMullan Yolanda Vazquez
Bruce Carnegie-Brown
Alan Cox Sandra Hepburn Valerie Mitchell OBE Abby Wanamaker
Martin Clarke
The Shakespeare Globe Council Brian Cox CBE John Hignett Lady Belinda Morse Zoë Wanamaker CBE
Neil Constable
Sir Michael Perry GBE Kenneth Cranham Professor Frank Hildy Dominic Muldowney Matthew Warchus
Dr Diana Devlin
Chairman Jonathan David Valerie Hill-Archer Philip Murphy Ann Ward
Andrew Fraser CMG
Gordon Davidson Anastasia Hille Heather Neill Professor Stanley Wells
Iraj Ispahani Lyn Williams Barry Day OBE Thelma Holt CBE Lady Rupert Nevill CBE
Valerie Mitchell OBE Convenor Sir Evelyn de Rothschild Polly Hope Yukio Ninagawa Martin Westwood
Sir Michael Perry GBE
Sheila Allen Professor Alan Dessen Jeffrey Horowitz Richard Olivier Professor Martin White
David Pickard
Gene Andersen Tom Deveson Lord Howell of Guildford Roger Parry John Whitney
Dame Mary Richardson
Lucy Bailey Dr Diana Devlin Lady Clare Howes David Pickard Spencer Wigley
In attendance at Board Merrick Baker-Bates CMG Stephen Dingle Iraj Ispahani Ian Plenderleith CBE Alan Williams
meetings Robert Banks Joe Dowling Graham Jackson Professor Richard Annie Wolfe
Zoë Wanamaker CBE Keith Baxter Mark Engelman Lennie James Proudfoot Michael York OBE
Honorary President Linda Beaney Robert Erith Jean Jayer Velma Pursehouse Franco Zeffirelli
Lucy Beevor Faith Evans Peter Jolly Dr Martin P Read
Henry Beltran Paul Farnsworth Michael Kahn Dame Mary Richardson
Lord Bichard of Nailsworth Anton Franks Ken Kelling Nelson Skip Riddle
Lord Birkett Andrew Fraser CMG Peter Kent CMG Professor Sue Robertson
26Shakespeare’s Globe
21 New Globe Walk
London SE1 9DT
020 7902 1400
shakespearesglobe.com
Design C&C Design Ltd
The Shakespeare Globe Trust, a limited company registered in England
Photography Elliot Franks, Manuel Harlan, John Haynes, Ellie Kurttz, Pete Le May, Lee and Wales No.1152238 and registered charity No. 266916. Shakespeare
Mawdsley, Graham Michael, Fiona Moorhead, Keith Pattison, John Tramper Globe Trading Limited registered in England and Wales No. 997433.You can also read
