The Week in Light & Sound
- Details
Financial Moves - The National Theatre has revealed it will need to “reduce activity levels in order to ensure financial stability” for the next three to four years, as it warns of the ongoing challenges it faces in its annual accounts for the year ending March 2022. The accounts show that its total income for the year until March 2022 was £80.8m, up from £56.3m the year before, but warn that high rates of inflation and increased energy costs are having a "significant impact" on its cost base. In the year before theatres were closed in March 2020, the theatre’s income was more than £100m.
In addition, it highlights a recent 5% cut to its annual Arts Council England funding, which was previously £17m but is being reduced by £850,000 a year with effect from this year
In addition, it highlights a recent 5% cut to its annual Arts Council England funding, which was previously £17m but is being reduced by £850,000 a year with effect from this year