The Board of the Everyman Theatre approved the accounts for 2008/2009 and received a report on the year`s activities at their meeting on 29th July.
The theatre made an operating loss for the year 2008/2009 of Â£30,356. However, following a revaluation of its property, the Everyman is marginally financially stronger and the "net movement of funds" for the year was a positive Â£12,944.
Chief Executive Geoffrey Rowe said:
"To put this in context, the operating loss is less than 1% of the turnover and we take between Â£60,000 and Â£70,00 per week at the box office. So a few disappointing weeks can leave us with a loss. The economic depression really hit us in February and March but happily the spring and summer have seen good audiences and we are back on target.
Highpoints of the year for me were Sir Peter Hall`s production of Pygmalion; Vanessa Redgrave in A Year of Positive Thinking; the Shared Experience Theatre Company in War and Peace; the first world war play For King and Country and the two major musicals Aspects of Love and Cabaret. Add to that the wide range of plays in the studio theatre and the massive amount of education work and we have a theatre of which Cheltenham and Gloucestershire can be proud."
Chairman Clive Thomas said:
" The Everyman has done really well. The quality of the shows has been fantastic and of course the ReachOut education and community programme goes from strength to strength with its new Director Paul Milton.
The big challenge for the theatre is to persuade the funders to back a restoration of the auditorium and public areas. We really need to improve the customer experience and make the theatre more comfortable very soon or we will see the decline of a great Cheltenham institution."