The Royal Shakespeare Company Stratford-Upon-Avon

“Section b, line 16a the organization has consulted with us attorneys in order to follow the procedures needed to safeguard the organizations exempt status.”

“The form 990 is reviewed by the finance director in advance of filing.”

“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.”

“Compensation levels are reviewed by the board of governors.”

“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.”

“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.”

“Compensation for certain highly compensation employees was not disclosed under laws and regulations of the uk data protection act.”

“The officers and directors who received compensation worked in the united kingdom and they do not receive a w-2 or 1099.”

“The organization has a joint venture policy.”

“The organization does not solicit contributions in the united states.”

“Unrealized loss on currency exchange 14,373,270.”

“Financial statements were audited under international standards on accounting (u.k. And ireland) and not in accordance with u.s. Generally accepted accounting principles.”

“The process for oversight of the audit of the financial statements and selection of an independent accountant has not changed from the prior year.”

“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 benefit arises to members as a result of such transactions and are therefore not detailed below. The following transactions took place with the governors: the shakespeare birthplace trust, of which professor stanley wells, sir geoffrey cass, sir william dugdale, and catherine mallyon have been trustees during the year, received payments of $274,549 in the year, 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 $72,499. Maverick television limited is controlled by funds advised by permira holdings of which damon buffini is a partner. Maverick television limited received $0 for the creation and delivery of audio/visual content for teaching shakespeare llp. This was on normal commercial terms. David tennant was engaged as a member of the acting company during the year on normal commercial terms and received gross remuneration totalling $42,072. Antony sher, the artistic director's partner, was engaged as a member of the acting company during the year on normal commercial terms and received gross remuneration totalling $26,175. A proportion of the indemnity insurance included in governance costs equating to $4,608 covers board members. The charity commission have indicated their approval of this transaction.”