Dundee Rep and Scottish Dance Theatre Limited Publish Annual Review and Accounts

Dundee Rep Season Launch 2017

With a mission to Create Together, Discover Together, Dundee Rep and Scottish Dance Theatre sit at the cultural heart of Scotland and the City of Dundee.

Dundee Rep Annual Review 1617

Directors have reported on another successful year for the company in their new Annual Review and Financial Statements, which were approved at a meeting of the Board of Directors on Tuesday 8 August.

Nearly 120,000 people attended performances or events as part of the Dundee Rep and Scottish Dance Theatre programme throughout the world, including performances in Glasgow, Edinburgh, Aberdeen, Inverness, Mexico City, Guanajuato, Sao Paulo, Rio de Janeiro, South Korea, Romania, Belgium, Hungary, Serbia and of course Dundee.

Scottish Dance Theatre celebrated its 30th birthday in September 2016 with an evening of work created by members of the local community and the Company’s dancers; a showcase birthday party to celebrate the journey so far and the launch of the Whitfield Youth Dance Company (now known as DD4).

The Rep Ensemble production of Arthur Miller’s Death of a Salesman, directed by former Associate Artistic Director Joe Douglas, received six nominations in the 2017 Critics' Awards for Theatre in Scotland and won three awards (the most for any single production) – Best Production, Best Ensemble and Best Male Performance (Ensemble member Billy Mack).

Billy Mack in Death of A Salesman
Billy Mack in his award winning performance as Willy Loman in Death of a Salesman

The Company’s consolidated accounts for the year to 31 March 2017 show a technical surplus of £248,085 in comparison to £85,924 in the previous year.

However, around £192,000 of this relates to theatre tax relief for the previous year, meaning the actual surplus for 2016/2017 is around £58,000. Theatre tax relief is a relief available to producing theatre companies and the year’s accounts show an adjustment for two year’s tax relief.

The cultural sector is facing a challenging climate. The Company will hear the outcome of their second regular funding application to Creative Scotland in early 2018. The year featured in these accounts is year two of the current three-year funding agreement. Part of the future vision for Dundee Rep and Scottish Dance Theatre Limited is a more sustainable model that allows artists to create and discover together in a safe and supportive environment.

Cash flow remains a key priority as the surplus generated does not directly translate to cash in the bank. The surplus is utilised to help fund day to day operations, capital investment and debt reduction. In the year to 31 March 2017, the Company invested over £91,000 in essential capital improvements within the building (2016 - £118,000) with substantially more investment being planned for the current year. The Company remains committed to diversifying its income and improving cash flow.

At the Board of Directors’ meeting, Peter Inglis handed over the role of Chair to Edward Troughton.

Mr Inglis has been a Director for nearly 11 years, the last nine as Chair. Mr Troughton has been a Director for five years, previously serving on two sub-committees (the Project Change Board and Dance).