Rose Theatre Kingston accounts reveal £200,000 shortfall
South London’s Rose Theatre Kingston has reported a loss of more than £200,000 in 2012/13.
The venue’s accounts, which show figures for 2012/13, reveal that box office income was down £190,000 from the previous year to around £1.3 million
The season under review included shows such as The Vortex by Noel Coward, The Second Mrs Tanqueray by Arthur Wing Pinero and Here by Michael Frayn.
During this time 103,000 tickets were sold for 21 in-house and visiting productions, as well as a programme of one-night events.
Meanwhile, money from grants and donations fell from around £650,000 in the previous year to just under £500,000.
However during 2012/13 the 900-seat theatre continued to receive its annual subsidy of £500,000 from Kingston Borough Council and £380,000 of funding from Kingston University.
The report by Kingston Theatre Trust – which manages the venue – confirmed that a review of programming took place due to the poor box office takings.
As part of this review, and as was announced last year, artistic director Stephen Unwin decided to step down.
The venue later revealed it would not be replacing Unwin and would instead be moving to a producer-led model.
It has also now restructured its development department and created a new role of head of fundraising.
As part of its future plans, the theatre aims to launch a major capital campaign this year that will “address a number of issues that have limited the revenue potential in the past,” said the report.
The Rose Theatre Kingston was not available for comment.