TY 2022 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(1) SHRITI VADERA...................................................................... CHAIRMAN	1.00 .................	X	X			0	0
(2) MARK THOMPSON...................................................................... DEPUTY CHAIRMAN	1.00 .................	X	X			0	0
(3) GREGORY DORAN...................................................................... ARTISTIC DIRECTOR	40.00 .................	X	X			193,605	15,314
(4) CATHERINE MALLYON...................................................................... EXECUTIVE DIRECTOR	40.00 .................	X	X			164,172	18,902
(5) ANDREW MILLER MBE...................................................................... MEMBER	1.00 .................	X				0	0
(6) AMANDA PARKER...................................................................... MEMBER	1.00 .................	X				0	0
(7) WINSOME PINNOCK...................................................................... MEMBER	1.00 .................	X				0	0
(8) CLARE REDDINGTON...................................................................... MEMBER	1.00 .................	X				0	0
(9) MARK SMITH...................................................................... MEMBER	1.00 .................	X				0	0
(10) IAN SQUIRES...................................................................... MEMBER	1.00 .................	X				0	0
(11) AYANNA THOMPSON...................................................................... MEMBER	1.00 .................	X				0	0
(12) LIZ VERNON...................................................................... MEMBER	1.00 .................	X				0	0
(13) LUCY WILLIAMS...................................................................... MEMBER	1.00 .................	X				0	0
(14) HRH THE PRINCE OF WALES...................................................................... PRESIDENT	1.00 .................		X			0	0
(15) ERICA WHYMAN...................................................................... ACTING ARTISTIC DIRECTOR	40.00 .................			X		151,836	14,152
(16) HELEN GRIFFITHS...................................................................... FINANCE DIRECTOR	40.00 .................				X	114,839	10,698
(17) REBECCA PRESTON...................................................................... DEVELOPMENT DIRECTOR	40.00 .................				X	113,469	11,793

(A) Name and business address	(B) Description of services	(C) Compensation
AKA PROMOTIONS LIMITED 115 SHAFTESBURY AVE CAMBRIDGE CIRC LONDON WC2H8AF UK	MARKETING SERVICES	3,384,638
STAGE ELECTRIC PARTNERSHIP LIMITED ENCORE HOUSE UNIT 3 PATCHWAY TRADI BRISTOL BS345TA UK	STAGE EQUIPMENT AND SERVICES PROVIDER	1,918,274
OCS GROUP UK LIMITED 5 THE ENTERPRISE CENTRE KELVIN LAN CRAWLEY RH109PE UK	CLEANING AND SECURITY CONTRACTOR	1,878,445
DRAX ENERGY SOLUTIONS LIMITED BARCLAYS BANK PLC ONE CHURCHIL PLA LONDON E145HP UK	ENERGY SUPPLIER	1,450,608
DEWYNTERS PLC WELLINGTON HOUSE 125 STRAND LONDON WC2R0AP UK	MARKETING SERVICES	1,306,775
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 57

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

THE ROYAL SHAKESPEARE COMPANY
STRATFORD-UPON-AVON

Employer identification number

13-3085180

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2022

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	23,773,187	26,528,619	36,683,161	24,469,930	24,730,888	136,185,785
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	23,773,187	26,528,619	36,683,161	24,469,930	24,730,888	136,185,785
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..						6,477,125
6	Public support. Subtract line 5 from line 4.						129,708,660

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
7	Amounts from line 4..	23,773,187	26,528,619	36,683,161	24,469,930	24,730,888	136,185,785
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	716,780	858,305	729,922	875,372	1,407,770	4,588,149
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	-30,194	-155,131	-406,820	-124,090	-191,100	-907,335
11	Total support. Add lines 7 through 10						139,866,599

Gross receipts from related activities, etc. (see instructions) ..................

260,328,350

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2022 (line 6, column (f) divided by line 11, column (f)) .........

92.740 %

Public support percentage for 2020 Schedule A, Part II, line 14 ...............

93.110 %

16a

33 1/3% support test—2022. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2021. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2022. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2021. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2022

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2022 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2021 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2022 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2021 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2022. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2021. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2022

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2022

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2022

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2022

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2022 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2022	(iii) Distributable Amount for 2022
1 Distributable amount for 2022 from Section C, line 6
2 Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2022:
a From 2017.......
b From 2018.......
c From 2019.......
d From 2020.......
e From 2021.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2022 distributable amount
i Carryover from 2017 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2022 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2022 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2023. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2018.....
b Excess from 2019.....
c Excess from 2020.....
d Excess from 2021.....
e Excess from 2022.....

Schedule A (Form 990) (2022)

Schedule A (Form 990) 2022

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation

Schedule A (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Name of the organization

THE ROYAL SHAKESPEARE COMPANY
STRATFORD-UPON-AVON

Employer identification number

13-3085180

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2022)

Schedule B (Form 990) (2022) Page 2

Name of organization THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)

Schedule B (Form 990) (2022)

Page 3

Name of organization THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON		Employer identification number 13-3085180

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2022)

Schedule B (Form 990) (2022)

Page 4


Name of organization THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON			Employer identification number 13-3085180
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2022)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

THE ROYAL SHAKESPEARE COMPANY
STRATFORD-UPON-AVON

Employer identification number

13-3085180

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2021

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	18,649,536	18,831,944	7,252,430	8,610,659	9,349,206
b	Contributions ...			9,156,728
c	Net investment earnings, gains, and losses	-645,918	1,161,317	1,138,050	-930,784	-31,507
d	Grants or scholarships ...	29,302	66,091	58,865	59,763	63,014
e	Other expenditures for facilities and programs ...	1,438,300	1,277,634	-1,343,601	367,682	614
f	Administrative expenses ....
g	End of year balance ......	16,536,016	18,649,536	18,831,944	7,252,430	8,610,659

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

100.000 %

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....
e	Other .....	165,310,688	49,282,770	116,027,918
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				116,027,918

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	27,813,158
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2021

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	85,029,308
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	-1,361,906
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................			2e	-1,361,906
3	Subtract line 2e from line 1..................			3	86,391,214
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	86,391,214

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1	86,516,066
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e	0
3	Subtract line 2e from line 1...................		3	86,516,066
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5	86,516,066

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference

Explanation

PART III, LINE 4:

THE RSC COLLECTION CONSISTS OF OVER 10,000 OBJECTS, PLUS A LARGE ARCHIVE OF PHOTOGRAPHS AND DOCUMENTS. IT WAS FIRST CREATED AS AN ART GALLERY AND MUSEUM IN THE LATE 19TH CENTURY AND INCLUDES ARTWORKS, COSTUMES, THEATRE PROPS, TECHNICAL EQUIPMENT, DESIGNS AND EPHEMERA. THE RSC COLLECTION IS ACCREDITED BY THE ARTS COUNCIL OF ENGLAND AND ITS COLLECTIONS ARE DESIGNATED AS BEING OF NATIONAL IMPORTANCE. THEY ARE USED IN EXHIBITIONS, AS A RESEARCH TOOL, AS LOANS TO OTHER INSTITUTIONS, AND IN DISPLAYS, EDUCATION AND LEARNING ACTIVITY TO CONSERVE, ADVANCE AND DISSEMINATE SHAKESPEAREAN KNOWLEDGE, THE DRAMATIC HERITAGE OF SHAKESPEARE AND EXPLORE THE PURPOSES AND PRACTISE OF THE RSC.

PART X, LINE 2:

THE ORGANIZATION IS NOT A US ENTITY AND IS NOT SUBJECT TO THE REQUIREMENTS OF THE FASB TO DISCLOSE UNCERTAIN TAX POSITIONS.

Schedule D (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization
THE ROYAL SHAKESPEARE COMPANY
STRATFORD-UPON-AVON

Employer identification number

13-3085180

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(f) Total expenditures for and investments in the region
	EUROPE	2	882	ALL ACTIVITIES	86,516,066
















3a	Sub-total ....	2	882		86,516,066
b	Total from continuation sheets to Part I ...	0	0		0
c	Totals (add lines 3a and 3b)	2	882		86,516,066

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2022

Schedule F (Form 990) 2022

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

1 (a) Name of organization		(b) IRS code section and EIN (if applicable)	(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance	(h) Description of noncash assistance	(i) Method of valuation (book, FMV, appraisal, other)

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......
3	Enter total number of other organizations or entities .......................

Schedule F (Form 990) 2022

Schedule F (Form 990) 2022Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance		(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement	(f) Amount of noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) 2022

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2022

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation
PART III ACCOUNTING METHOD:
FORM 990, SCHEDULE F, PART IV, LINE 3 AND 5	THE ROYAL SHAKESPEARE COMPANY IS A NON-US PERSON THAT HAS AN INTEREST IN A NON-US CORPORATION AND PARTNERSHIP. A FORM 5471 OR FORM 8865 IS NOT REQUIRED.

Schedule F (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

THE ROYAL SHAKESPEARE COMPANY
STRATFORD-UPON-AVON

Employer identification number

13-3085180

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2022

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1GREGORY DORAN ARTISTIC DIRECTOR	(i) (ii)	151,089 ------------- 0	42,516 ------------- 0	0 ------------- 0	15,314 ------------- 0	0 ------------- 0	208,919 ------------- 0	0 ------------- 0
2CATHERINE MALLYON EXECUTIVE DIRECTOR	(i) (ii)	149,362 ------------- 0	14,810 ------------- 0	0 ------------- 0	18,902 ------------- 0	0 ------------- 0	183,074 ------------- 0	0 ------------- 0
3ERICA WHYMAN ACTING ARTISTIC DIRECTOR	(i) (ii)	151,836 ------------- 0	0 ------------- 0	0 ------------- 0	14,152 ------------- 0	0 ------------- 0	165,988 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2022

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
FORM 990, PART V, LINE 1A AND 2A	THE OFFICERS AND DIRECTORS WHO RECEIVED COMPENSATION WORKED IN THE UNITED KINGDOM AND THEY DO NOT RECEIVE A W-2 OR 1099.

Schedule J (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

THE ROYAL SHAKESPEARE COMPANY
STRATFORD-UPON-AVON

Employer identification number

13-3085180

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No






Total ............... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990) 2021

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person	(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) SEE SCHEDULE O				No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation

Schedule L (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

THE ROYAL SHAKESPEARE COMPANY
STRATFORD-UPON-AVON

Employer identification number

13-3085180

Return Reference	Explanation
FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED)	ARTISTS' STRATEGY IN APRIL 2022, WE OPENLY RECRUITED A FREELANCE CONSULTATION GROUP TO ENSURE THAT WE WERE LISTENING TO THE VOICES OF OUR FREELANCE COLLEAGUES AS WE REVIEW OUR POLICIES AND PRACTICES TO ENSURE GREATER EQUITY AND RELEVANCE. THIS WAS A DIRECT RESPONSE TO OUR LEARNING IN THE PANDEMIC ABOUT WAYS THAT ORGANISATIONS CAN BETTER MEET THE NEEDS OF THEIR FREELANCE WORKFORCE. THE GROUP IS INFORMING WORK AROUND REHEARSAL ROOM WELLBEING, SAFE REPORTING, TRAINING AND DEVELOPMENT OPPORTUNITIES, EQUITY IN CASTING AND RECRUITMENT OF ARTISTIC TEAMS, AND COMMUNICATIONS AROUND OUR ORGANISATIONAL CHANGE NARRATIVE. IT COMPRISES ARTISTS (DESIGNERS, WRITERS, PRODUCERS, ACTORS, DIRECTORS) FROM A WIDE RANGE OF CONTEXTS AND WITH A RANGE OF LIVED EXPERIENCE. THE GROUP IS ALSO CONNECTED TO A WIDER GROUP OF CULTURAL ORGANISATIONS WORKING TO CHANGE THEIR WORKING RELATIONSHIP WITH FREELANCE ARTISTS. THE CURRENT WORK PROGRAMME WILL CONTINUE TO MID-2023. WE DID TWO WORKSHOPS WITH OMAR ELERIAN EXPLORING AS YOU LIKE IT WITH A GROUP OF VETERAN ACTORS - MANY IN THEIR EIGHTIES - TO SEE IF THE PLAY COULD BE REVEALED IN A NEW WAY. THE PRODUCTION OPENED IN JUNE 2023. WE INVESTED IN DEVELOPMENT WORKSHOPS FOR THE PROGRAMME OF NEW PLAYS IN THE SWAN PLANNED FOR 2023. THIS INCLUDED READINGS AND EXPLORATION OF MOVEMENT AND MUSIC FOR HAMNET, FALKLAND SOUND BY BRAD BIRCH AND FAIR MAID OF THE WEST ADAPTED BY ISOBEL MCARTHUR. WE FURTHER DEVELOPED THE SCRIPT FOR COWBOIS BY CHARLIE JOSEPHINE AND BECAUSE THIS PLAY DEALS WITH THE PREJUDICE FACED BY TRANS AND NON-BINARY PEOPLE, WE INVESTED IN TRANS AWARENESS TRAINING FOR A WIDE RANGE OF TEAMS. DIGITAL STRATEGY ACROSS THE YEAR THE VIRTUAL RSC DELIVERED THE FIRST PHASE OF ITS FIVE-POINT DELIVERY PLAN IN 2022/2023 WHICH USED THE LEARNINGS FROM DREAM AND AUDIENCE OF THE FUTURE TO DEVELOP A VIRTUAL MODEL BOX. THIS IS NOW AN ACTIVE TOOL FOR THE DRAWING DEPARTMENT AT TIMOTHY BRIDGE ROAD ("TBR"). AND WE ARE IMPLEMENTING CAMERA SYSTEMS FOR DIGITAL CAPTURE FOR ALL OUR SPACES. LIDAR SCANS WERE TAKEN OF ALL THE RSC PERFORMANCE SPACES AND HAVE BEEN RENDERED INTO THE UNREAL GAMES ENGINE TO BE TESTED AND PROTOTYPED FOR A FUTURE VIRTUAL RSC TOOL THAT CAN BE USED TO DEVELOP WORK FOR AUDIENCES AS A PERFORMANCE SPACE, IMPORTED INTO OTHER PLATFORMS SUCH AS FORTNITE OR FOR GAME ENGINES. WE STARTED A COLLABORATION WITH INK STORIES TO EXPLORE MACBETH FOR NEW AUDIENCES AND NEW PLATFORMS. THIS HAS RESULTED IN A SERIES OF RESEARCH AND DEVELOPMENT ("R&D") FOR THE MACBETH EXPERIENCE (WORKING TITLE). INK STORIES, IS A BROOKLYN BASED CREATIVE STUDIO AND WE HAVE ENGAGED THEM TO IDEATE, DESIGN AND CREATE A CULTURAL GAME. WE WILL LAUNCH THE FIRST 'EPISODE' (A FULLY EXECUTED SHORT FORM WORK, 15-20 MINUTES GAMEPLAY) IN Q4 2023/24. WE SUCCESSFULLY DELIVERED A ROTHSCHILD DIGITAL FELLOWSHIP PROGRAMME THAT RESULTED IN THREE FELLOWS SPENDING SIX MONTHS WITH THE COMPANY DEVELOPING THEIR PRACTICE AND WORK WITH US. THE IRO HAS BEEN A SIGNIFICANT OPPORTUNITY FOR THE RSC TO DEVELOP ITS DIGITAL INNOVATION PRACTICE FURTHER AND IN 2022/23 WAS AN OPPORTUNITY TO START CONVERSATIONS WITH THE ARTS AND HUMANITIES RESEARCH COUNCIL ("AHRC") AROUND A STRATEGIC PARTNERSHIP (FUTURE OF PERFORMANCE INSTITUTE). 2022/23 HAS FOCUSED ON BUILDING THOSE RELATIONSHIPS AND WITH INTERNATIONAL PARTNERS.
FORM 990, PART V, LINE 6B	THE ORGANIZATION DOES NOT SOLICIT CONTRIBUTIONS IN THE UNITED STATES.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS REVIEWED BY THE FINANCE DIRECTOR IN ADVANCE OF FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE POLICY APPLIES TO BOARD MEMBERS AND COMMITTEES OF THE BOARD. ALL CONFLICTS OR POTENTIAL CONFLICTS SHOULD BE DISCLOSED TO THE CHAIRMAN. SUCH PERSONS ARE ENTITLED TO PARTICIPATE IN THE INFORMATION GATHERING STAGE OF DISCUSSIONS, BUT IS NOT ENTITLED TO PARTICIPATE IN THE FINAL DELIBERATIONS OR DECISIONS OF THE BOARD OR COMMITTEE. THEY ARE ALSO NOT ENTITLED TO VOTE ON EITHER THE TRANSACTION OR WHETHER THE MEETING IS QUORATE.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION LEVELS ARE REVIEWED BY THE BOARD OF GOVERNORS.
FORM 990, PART VI, SECTION C, LINE 19	THE ROYAL CHARTER IS REFERRED TO WITHIN THE FINANCIAL STATEMENTS AND IS AVAILABLE ON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION ON THE CHARITY COMMISSION WEBSITE AND THE ANNUAL REPORT SUMMARISING THE FULL FINANCIAL STATEMENTS IS AVAILABLE ON THE COMPANY'S WEBSITE. COPIES OF FULL FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST TO THE COMPANY.
FORM 990, PART VII, COMPENSATION OF OFFICERS AND DIRECTORS, COLUMN D	THE OFFICERS, DIRECTORS AND HIGHEST COMPENSATED EMPLOYEES PERFORM ALL THEIR SERVICES OUTSIDE OF THE UNITED STATES AND DO NOT RECEIVE A FORM W-2. THE AMOUNT INCLUDED IN COLUMN D IS THE AMOUNT OF COMPENSATION RECEIVED THAT WOULD HAVE BEEN ON FORM W-2 IF ONE HAD BEEN REQUIRED.
PART VII LINE 1A	COMPENSATION FOR CERTAIN HIGHLY COMPENSATION EMPLOYEES WAS NOT DISCLOSED UNDER LAWS AND REGULATIONS OF THE UK DATA PROTECTION ACT.
FORM 990, PART XI, LINE 9:	UNREALIZED LOSS ON CURRENCY EXCHANGE -9,843,314. LOSS ON DEFINED BENEFIT PENSION PLAN -2,681,770.
PART IV, QUESTION 12 AND PART XI QUESTION 2B	FINANCIAL STATEMENTS WERE AUDITED UNDER INTERNATIONAL STANDARDS ON ACCOUNTING (U.K. AND IRELAND) AND NOT IN ACCORDANCE WITH U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES.
PART XII, QUESTION 2B	THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.
FORM 990, PART VIII	THE OFFICERS AND DIRECTORS WHO RECEIVED COMPENSATION WORKED IN THE UNITED KINGDOM AND THEY DO NOT RECEIVE A W-2 OR 1099.
SCHEDULE L, PART IV	IT IS NORMAL PRACTICE FOR MEMBERS OF THE BOARD, OR ORGANIZATIONS WITH WHICH THEY ARE CONNECTED, TO HELP RAISE DONATIONS OR SPONSORSHIP FOR THE CHARITY. SUCH RECEIPTS CAN COME FROM MEMBERS DIRECTLY OR FROM ORGANIZATIONS IN WHICH MEMBERS HAVE CONTROLLING INTERESTS. NO MATERIAL BENEFITS ARISE TO MEMBERS AS A RESULT OF SUCH TRANSACTIONS AND THEY ARE THEREFORE NOT DETAILED BELOW. THE FOLLOWING TRANSACTIONS TOOK PLACE WITH GOVERNORS: THE SHAKESPEARE BIRTHPLACE TRUST OF WHICH CATHERINE MALLYON AND GREGORY DORAN HAVE BEEN COUNCIL MEMBERS DURING THE YEAR, INVOICED $239,340 IN THE YEAR (2022: $131,980) FOR VARIOUS ITEMS, SUCH AS THE CARE OF THE COLLECTION, USE OF IMAGES AND SALARY RECHARGES. THESE WERE ON THE SHAKESPEARE BIRTHPLACE TRUST'S NORMAL COMMERCIAL TERMS. THE BALANCE OWED AT THE END OF THE YEAR WAS NIL (2022: 73,139). THE SHAKESPEARE BIRTHPLACE TRUST WERE INVOICED $2,389 (2022: NIL) IN THE YEAR FOR VARIOUS ITEMS INCLUDING TICKET SALES AND COSTUME HIRE. THE BALANCE OWING AT THE END OF THE YEAR WAS NIL (2022: NIL). ANDREW MILLER IS A NATIONAL COUNCIL MEMBER OF ARTS COUNCIL ENGLAND. CATHERINE MALLYON WAS ALSO A NATIONAL COUNCIL MEMBER UNTIL MARCH 2022. DURING THE YEAR, THE CORPORATION RECEIVED A NATIONAL PORTFOLIO ORGANISATION GRANT OF $19,440,865 (2022: $20,582,688). SOCIETY OF LONDON THEATRE, TO WHICH ANDREW MILLER PROVIDED PAID CONSULTANCY SERVICE, INVOICED THE CORPORATION $36,419 FOR ITEMS INCLUDING COMMISSION FROM SALE OF GIFT CARDS, THEATRE TICKETS, ADVERTISEMENT AND MEMBERSHIP FEES. THESE WERE ON SOCIETY OF LONDON THEATRE'S NORMAL COMMERICIAL TERMS. ANDREW MILLER HAS WORKED AS A FREELANCE CONSULTANT FOR PAUL HAMLYN FDTN SINCE APRIL 2022. DURING THE YEAR, THE CORPORATION RECEIVED A GRANT OF $161,481 FOR A RESEARCH PROJECT IN LEARINING AND NATIONAL PARTERSHIP. A PROPORTION OF THE INDEMNITY INSURANCE EQUATING TO $8,268 (2021: $7,064) COVERS BOARD MEMBERS. THE CHARITY COMMISSION HAS INDICATED ITS APPROVAL OF THIS ARRANGEMENT.
PART VI, QUESTION 16B	THE ORGANIZATION HAS A JOINT VENTURE POLICY.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

THE ROYAL SHAKESPEARE COMPANY
STRATFORD-UPON-AVON

Employer identification number

13-3085180

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2021

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) RSC ENTERPRISE LIMITED 3 CHAPEL LANE STRATFORDUPONAVON CV37 6BE UK	TRADING ACTIVITIES	UK	THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON		6,494,852	2,335,078	100.000 %		No
(2) RSCA LIMITED ROYAL SHAKESPEARE THEATRE WATERSID STRATFORD UPON AVON CV37 6BE UK	DORMANT	UK	THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON						No
(3) ARDEN HOTEL WATERSIDE LLP 44 WATERSIDE STRATFORDUPONAVON CV37 6BA UK	JOINT VENTURE IN ARDEN HOTEL	UK	THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON		1,546,636	4,713,445	50.000 %		No
(4) RSC PRE-PRODUCTIONS LIMITED 3 CHAPEL LANE STRATFORDUPONAVON CV37 6BE UK	TO PRODUCE THE SET & EQUIPMENT NECESSARY FOR THE PRODUCTION OF LIVE THEATRE.	UK	THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON		39,681,278	7,640,950	100.000 %		No
(5) RSC PRODUCTIONS LIMITED 3 CHAPEL LANE STRATFORD UPON AVON CV37 6BE UK	CO-PRODUCER OF THE MATILDA MIRACLE TOUR IN AUSTRALIA	UK	THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON				100.000 %		No
(6) RSC MATILDA US LIMITED ROYAL SHAKESPEARE THEATRE WATERSID STRATFORDUPONAVON CV37 6BB UK	INVESTMENT IN MATILDA ON BROADWAY LP	UK	THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON		6,370	7,421	100.000 %		No
(7) RSC MATILDA AUSTRALASIA LIMITED ROYAL SHAKESPEARE THEATRE WATERSID STRATFORD UPON AVON CV37 6BE UK	INVESTMENT TO CO-PRODUCE MATILDA MIRACLE TOUR IN AUSTRALIA	UK	THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON				100.000 %		No
(8) MATILDA NORTH AMERICA LLC C/O DODGER PROPERTIES LLC 311 WEST NEW YORK,NY10036	JOINT VENTURE IN MATILDA ON BROADWAY LP	NY	THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON				50.000 %		No
(9) RSC ESTATES LIMITED 3 CHAPEL LANE STRATFORD UPON AVON CV37 6BE UK	INVESTMENT IN AND REDEVELOPMENT OF ARDEN HOTEL	UK	THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON			3,898,394	100.000 %		No
(10) RSC TOURING LIMITED 3 CHAPEL LANE STRATFORD UPON AVON CV37 6BE UK	PRODUCES AND MANAGES CERTAIN TOURING PRODUCTIONS ON BEHALF OF THE RSC	UK	THE ROYAL SHAKESPEARE COMPANY STRATFORD-UPON-AVON		101,920	942,442	100.000 %		No

Schedule R (Form 990) 2021

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

Yes

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved
(1) RSC ENTERPRISE LIMITED	J	256,164
(2) RSC ENTERPRISE LIMITED	M	948,335
(3) RSC PRE PRODUCTIONS LIMITED	M	39,680,883
(4) RSC PRE PRODUCTIONS LIMITED	M	45,912,201
(5) ARDEN HOTEL WATERSIDE LLP	M	59,798
(6) ARDEN HOTEL WATERSIDE LLP	M	17,409

Schedule R (Form 990) 2021

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2021

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2021

Additional Data

Software ID:
Software Version:

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	24,469,930	24,730,888
9	Program service revenue (Part VIII, line 2g) .........	28,072,574	60,443,656
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	875,372	1,407,770
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	-124,090	-191,100
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	53,293,786	86,391,214
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	478,284	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	584,799	614,091
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 1,911,000
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	57,103,917	85,901,975
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	58,167,000	86,516,066
19	Revenue less expenses. Subtract line 18 from line 12.......	-4,873,214	-124,852
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	206,454,836	201,881,627
21	Total liabilities (Part X, line 26).............	39,286,340	48,724,973
22	Net assets or fund balances. Subtract line 21 from line 20.....	167,168,496	153,156,654

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	Signature of officer	Date

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4a	(Code: ) (Expenses $ 80,758,924 including grants of $ ) (Revenue $ 60,252,556 )
	STRATFORD STRATEGY HIGHLIGHTS AND MILESTONES IN THE YEAR ENDING 31 MARCH 2023, IN STRATFORD, ARE INCLUDED IN THE LIST BELOW, WHICH IS NOT EXHAUSTIVE BUT IS INTENDED TO DEMONSTRATE OUR WORK ON STAGE, AND ALSO OFF STAGE IN PARTNERSHIP WITH COMMUNITIES AND OTHER WORK THAT FURTHERS OUR CHARITABLE OBJECTIVES. THE FOLLOWING STRATFORD STRATEGY SECTION TAKES IN KEY ORGANISATIONAL MOMENTS DURING THE PERIOD SUCH AS CHANGE OF ARTISTIC LEADERSHIP.IN APRIL, WE OPENED HENRY VI PART I (REBELLION) AND PART II (WAR OF THE ROSES). DIRECTED BY OWEN HORSLEY, THESE TWO PRODUCTIONS SAW 70 COMMUNITY PERFORMERS FROM SIX REGIONS OF ENGLAND JOIN OUR PROFESSIONAL COMPANY TO TELL THIS THRILLING TALE OF ENGLAND AT WAR. JUNE SAW ARTHUR HUGHES MAKE HIS ACCLAIMED RSC TITLE ROLE DEBUT IN RICHARD III, THE FIRST TIME THAT THE PART OF RICHARD III HAS BEEN PERFORMED BY A DISABLED ACTOR IN THE RSC'S HISTORY. THE PRODUCTION DIRECTED BY GREGORY DORAN WAS ALSO BROADCAST LIVE, DIRECT INTO UK CLASSROOMS FOR FREE, INCLUDING A SUPPORTING PACKAGE OF ONLINE RESOURCES DESIGNED TO GIVE STUDENTS A UNIQUE INSIGHT INTO THE CREATIVE PROCESS AND INTERPRETIVE CHOICES THAT DIRECTORS AND ACTORS MAKE AS THEY PREPARE TO STAGE A NEW PRODUCTION. AUGUST SAW THE OPENING OF OUR NEW MAIN STAGE PRODUCTION OF ALL'S WELL THAT END'S WELL. SHAKESPEARE'S ENDURING DARK COMEDY, EXPLORING THEMES OF ROMANTIC FANTASY, TOXIC MASCULINITY AND CONSENT FOR THE SOCIAL MEDIA GENERATION WAS DIRECTED BY BLANCHE MCINTYRE WITH ROSIE SHEEHY IN THE ROLE OF HELENA. DURING OCTOBER AND NOVEMBER, WE WELCOMED AUDIENCES BACK TO OUR STUDIO THEATRE AT THE OTHER PLACE WITH A NEW MISCHIEF FESTIVAL. THE FESTIVAL COMPRISED OF TWO BRAND NEW PLAYS, ORIGINALLY PLANNED AND PROGRAMMED FOR PRODUCTION PRIOR TO THE PANDEMIC WHICH EXPLORED CONTEMPORARY BRITAIN TODAY - O, ISLAND! BY NINA SEGAL AND IVY TILLER: VICAR'S DAUGHTER, SQUIRREL KILLER BY BEA ROBERTS. DECEMBER SAW THE CALENDAR YEAR DRAW TO A CLOSE WITH A REVIVAL OF DAVID EDGAR'S ACCLAIMED VERSION OF A CHRISTMAS CAROL WITH ADRIAN EDMONDSON AS SCROOGE IN A SELL-OUT RUN IN THE RST. WE ALSO ANNOUNCED THE WORLD PREMIERE STAGE ADAPTATION OF MAGGIE O'FARRELL'S BEST-SELLING NOVEL HAMNET. DIRECTED BY ERICA WHYMAN AND ADAPTED BY LOLITA CHAKRABARTI THIS PRODUCTION WOULD ALSO REOPEN THE SWAN THEATRE AFTER A CLOSURE PERIOD OF 3 YEARS DUE TO THE PANDEMIC AND ALSO A SIGNIFICANT REFURBISHMENT OF THE SPACE. THE SHOW SOLD OUT WITHIN A FEW WEEKS OF ANNOUNCEMENT.IN JANUARY, WE OPENED A CRITICALLY ACCLAIMED PRODUCTION OF THE TEMPEST, DIRECTED BY ELIZABETH FREESTONE WITH ALEX KINGSTON AS PROSPERO AND INTRODUCING JESSICA RHODES AS MIRANDA. IN FEBRUARY, DIRECTOR ATRI BANERJEE'S BOLD NEW TAKE ON JULIUS CAESAR DESIGNED TO BE PLAYED IN STRATFORD FOR A SHORT RUN BEFORE HEADING OFF ON A UK TOUR VISITING 9 THEATRES ACROSS THE COUNTRY. THIS CONTEMPORARY PRODUCTION SAW THALISSA TEIXEIRA AND KELLY GOUGH PLAY THE ROLES OF BRUTUS AND CASSIUS.LONDON STRATEGYMATILDA THE MUSICAL CONTINUED YEAR-ROUND AT THE CAMBRIDGE THEATRE LONDON PLAYING TO PACKED HOUSES AND THE HIGHEST ADVANCE IN A DECADE, HELPED IN PART BY THE SUCCESS OF THE MOVIE VERSION RELEASED BY SONY/NETFLIX. THE REOPENING SUCCESS LOOKED FAR FROM CERTAIN AT POINTS POST PANDEMIC, BUT THE CONTINUED CARE AND ATTENTION OF THE PRODUCTION HAS HELPED IT MAINTAIN ITS POSITION AS A PREMIUM SHOW IN THE WEST END LANDSCAPE. IN APRIL 2022, WE ANNOUNCED THAT THE WORLD PREMIERE STAGE ADAPTATION OF MY NEIGHBOUR TOTORO WOULD TAKE PLACE AT THE BARBICAN IN THE WINTER. PRODUCED IN PARTNERSHIP WITH JOE HISAISHI, IMPROBABLE AND NIPPON TV, THE PRODUCTION WOULD BE BASED ON THE BELOVED STUDIO GHIBLI FILM BY HAYAO MIYAZAKI. AN ACCLAIMED INTERNATIONAL CREATIVE TEAM CAME TOGETHER INCLUDING PHELIM MCDERMOTT AS DIRECTOR, WITH PUPPETS BUILT BY JIM HENSON'S CREATURE SHOP IN LOS ANGELES TO BASIL TWIST'S INCREDIBLE DESIGNS. ONCE BOOKING OPENED TO THE GENERAL PUBLIC IT BROKE BOX OFFICE RECORDS AT THE BARBICAN FOR THE MOST TICKETS SOLD IN A SINGLE DAY. FOLLOWING THE PRESS NIGHT IN OCTOBER AND GARNERING A SLEW OF 5* REVIEWS IT WENT ONTO WIN 5 WHATSONSTAGE AWARDS AND THEN 6 OLIVIER AWARDS (HAVING LED THE FIELD WITH 9 NOMINATIONS). EDUCATION STRATEGY AND NATIONAL ENGAGEMENT STRATEGY IN APRIL, WE APPOINTED TWO RESEARCH FELLOWS TO LEAD OUR TIME TO ACT RESEARCH PROJECT WHICH FOCUSES ON UNDERSTANDING THE IMPACT OF RSC TEACHING APPROACHES ON THE ENGAGEMENT, INCLUSION AND ATTAINMENT OF CHILDREN AND YOUNG PEOPLE IN SCHOOLS IN AREAS OF STRUCTURAL DISADVANTAGE. IN JUNE, WE WELCOMED YOUNG PEOPLE TO OUR FIRST NEXT GENERATION DIRECT RESIDENTIAL, EQUIPPING 18 - 25 YEARS FROM GROUPS UNDER-REPRESENTED IN THE THEATRE SECTOR WITH AN INTRODUCTION TO THE THEATRE INDUSTRY AND ROLE OF DIRECTOR. IN JULY, WE WELCOMED 390 CHILDREN AND YOUNG PEOPLE FROM 47 ASSOCIATE SCHOOLS AND COLLEGES FROM BLACKPOOL, CORNWALL, COUNTY DURHAM, CUMBRIA, HULL, STRATFORD-UPON-AVON, NORTH STAFFORDSHIRE AND SUFFOLK WHO PERFORMED MUCH ADO ABOUT NOTHING IN THE RST. THE PERFORMANCES WERE THE CULMINATION OF WORK THAT HAS INCLUDED TEACHER PROFESSIONAL DEVELOPMENT, ARTIST RESIDENCIES, DEVELOPING YOUNG LEADERS THROUGH OUR SHAKESPEARE AMBASSADORS PROGRAMME, AND TALENT DEVELOPMENT THROUGH OUR NEXT GENERATION PROJECT. IN ADDITION TO PERFORMANCES IN STRATFORD, 17 REGIONAL PERFORMANCE FESTIVALS HAVE TAKEN PLACE ACROSS THE COUNTRY IN THEATRES, TOWN HALLS AND SCHOOL HALLS, SUPPORTED BY AUDIENCES OF FAMILY MEMBERS, PEERS AND COMMUNITIES. IN AUGUST, WE DELIVERED TWO SUMMER SCHOOLS, ONE FOR 18 - 25 YEAR OLDS (ATTENDED BY 24 YOUNG PEOPLE) AND ONE FOCUSED ON LIFE-LONG LEARNERS (ATTENDED BY 128 PEOPLE). IN SEPTEMBER, WE STARTED REHEARSALS FOR OUR FIRST ENCOUNTERS WITH SHAKESPEARE PRODUCTION OF TWELFTH NIGHT. AIMED AT 7-13 YEAR OLDS AND THEIR FAMILIES, THE PRODUCTION WAS CO-CREATED WITH OUR PARTNER THEATRES AND ASSOCIATE SCHOOLS. DRAWING ON THE PASSION THAT YOUNG PEOPLE HAVE FOR THE ENVIRONMENT AND CONCERN FOR CLIMATE CHANGE THE PRODUCTION WAS ROOTED IN SUSTAINABLE PRACTICE, FROM THE DESIGN OF THE SET (MADE BY STUDENTS FROM BIRMINGHAM ORMISTON ACADEMY USING RECLAIMED AND RECYCLED MATERIALS) TO HOW IT TOURED THE COUNTRY. IT PLAYED IN 20 LOCATIONS ACROSS ENGLAND, INCLUDING 13 SCHOOLS, TO A TOTAL AUDIENCE OF 8,228 PEOPLE. 30% OF AUDIENCES WERE SEEING SHAKESPEARE FOR THE FIRST TIME. WE ANNOUNCED THE DEVELOPMENT OF A NEW SHAKESPEARE CURRICULUM. WE HAVE ONE OF THE UK'S LARGEST ARTS LEARNING PROGRAMMES AND BELIEVE THAT ALL YOUNG PEOPLE SHOULD HAVE ACCESS TO AN ARTS-RICH EDUCATION. RESEARCH HIGHLIGHTS THE UNEVEN PLAYING FIELD WITH SOME YOUNG PEOPLE HAVING REGULAR ACCESS TO PROVEN LIFE DEFINING ARTS OPPORTUNITIES, WHILST OTHERS MISS OUT COMPLETELY.THE CURRICULUM WILL BE AVAILABLE FREE AND ONLINE FOR ALL UK SCHOOLS TO PROVIDE INSPIRATION AND RESOURCES FOR TEACHERS AND YOUNG PEOPLE TO MAKE AND SHAPE THEIR OWN SHAKESPEARE CURRICULUM AT KEY STAGE 3. AND WE LAUNCHED OUR NEW PROGRAMME FOR TEACHERS INCLUDING A SANDWICH COURSE LEADING TO A CERTIFICATE IN THE TEACHING OF SHAKESPEARE. IN NOVEMBER, WE WELCOMED 100 REPRESENTATIVES (MADE UP OF 20 YOUNG PEOPLE, 70 TEACHERS AND 10 ARTISTS) FROM OUR ASSOCIATE SCHOOLS AND REGIONAL THEATRE PARTNERS TO STRATFORD FOR AN ANNUAL SYMPOSIUM, TO SHARE LEARNING AND REFRESH PRACTICE. IN JANUARY, WE OPENED SUBMISSIONS FOR OUR NATIONWIDE PLAYWRITING COMPETITION 37 PLAYS. A PROJECT WHEREBY ANYONE COULD SUBMIT A PLAY IN ANY FORMAT TO CAPTURE THE STORIES OF TODAY CREATING A NEW FOLIO FOR OUR TIMES. THE PROJECT WAS CREATED IN COLLABORATION WITH OUR 12 REGIONAL THEATRE PARTNERS AND SUPPORTED BY AWARD-WINNING PLAYWRIGHTS JULIET GILKES-ROMERO AND MARK RAVENHILL ACTING AS AMBASSADORS AND SENIOR CONSULTANTS. MORE INFORMATION IS AVAILABLE AT 37PLAYS.CO.UK. OVER 2,000 PLAYS WERE SUBMITTED, THE MAJORITY BY FIRST TIME WRITERS. IN FEBRUARY, WE WORKED WITH MEMBERS OF OUR YOUTH ADVISORY BOARD ON PLANNING A YOUNG CREATIVES CONVENTION TAKING PLACE IN THE ROYAL SHAKESPEARE THEATRE IN 23/24. IN MARCH, WE UNDERTOOK 26 PARTNERSHIP REVIEW MEETINGS WITH EACH OF OUR LEAD ASSOCIATE SCHOOLS. WE DELIVERED A VIRTUAL LIVE LESSON ON THE TEMPEST WITH OVER 3,000 STUDENTS PARTICIPATING AND INTRODUCED TIKTOK TICKETS: A NEW INITIATIVE TO OPEN ACCESS TO HIGH QUALITY THEATRE FOR YOUNG PEOPLE TARGETED PARTICULARLY AT THOSE LIVING IN COMMUNITIES FACING STRUCTURAL DISADVANTAGE WAS LAUNCHED.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses80,758,924

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)		(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) CHRISTOPHER HILL........................................................................ DIRECTOR OF AUDIENCES & MARKETING	40.00 .......................	X	111,700	0	15,331
(19) CHRIS O' BREIN........................................................................ DIRECTOR OF ESTATES & IT	40.00 .......................	X	107,351	0	14,733
(20) STEPHEN EAMES........................................................................ EXECUTIVE ADVISOR	24.00 .......................	X	111,052	0	14,293

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	1,068,024	0	115,216

1	Briefly describe the organization’s mission or most significant activities: THE COMPANY'S PRINCIPAL OBJECTIVES LAID DOWN IN THE ROYAL CHARTER ARE TO CONSERVE, ADVANCE AND DISSEMINATE THE DRAMATIC HERITAGE OF SHAKESPEARE AND TO ADVANCE AND IMPROVE THE DRAMATIC ART, BOTH IN THE UNITED KINGDOM AND THROUGHOUT THE WORLD. THE COMPANY IS CHARGED WITH PRODUCING AND PRESENTING DRAMATIC PERFORMANCES OF ALL KINDS, AND WITH TEACHING AND TRAINING AND OTHER EDUCATIONAL ACTIVITIES.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	12
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	11
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	28
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	19,441,240

f	All other contributions, gifts, grants, and similar amounts not included above		1f	5,289,648

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		24,730,888

		Business Code
2a	THEATRE OPERATIONS	711110	43,254,848	43,254,848
b	INCOME FR. SUBSIDIARIES	711110	12,002,354	12,002,354
c	OTHER TRADING ACTIVITIES	711110	2,303,392	2,303,392
d	LICENSING OF RIGHTS	711110	1,702,064	1,702,064
e	EDUCATION INCOME	611710	1,180,998	1,180,998
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		60,443,656

3 Investment income (including dividends, interest, and othersimilar amounts) ......			1,407,770			1,407,770
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	NET LOSS FROM JOINT VENTURE		900000	-191,100	-191,100
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			-191,100
12	Total revenue. See instructions.....			86,391,214	60,252,556	0	1,407,770

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	614,091	583,386	30,705
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....	4,416,958	4,416,958
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PRODUCTIONS	55,491,595	52,717,016	2,774,579
b	THEATRE OPERATIONS	13,438,152	13,438,152
c	TRADING EXPENDITURES	5,436,158	5,436,158
d	EDUCATION	4,167,254	4,167,254
e	All other expenses	2,951,858		1,040,858	1,911,000
25	Total functional expenses. Add lines 1 through 24e	86,516,066	80,758,924	3,846,142	1,911,000
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........				1
2	Savings and temporary cash investments .........			35,063,232	2	20,216,733
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			4,287,552	4	10,426,224
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............			4,442,746	8	2,810,010
9	Prepaid expenses and deferred charges ......			3,352,445	9	2,455,048
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	165,310,688
b	Less: accumulated depreciation	10b	49,282,770	120,242,161	10c	116,027,918
11	Investments—publicly traded securities .			35,068,492	11	46,371,342
12	Investments—other securities. See Part IV, line 11 .....			3,998,208	12	3,574,352
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			206,454,836	16	201,881,627

17	Accounts payable and accrued expenses .....	7,488,749	17	13,996,866
18	Grants payable ...		18
19	Deferred revenue .........	5,711,914	19	6,914,949
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	26,085,677	25	27,813,158
26	Total liabilities. Add lines 17 through 25..	39,286,340	26	48,724,973

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	167,168,496	31	153,156,654
32	Total net assets or fund balances ...........	167,168,496	32	153,156,654
33	Total liabilities and net assets/fund balances ........	206,454,836	33	201,881,627

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No