Finance

A campaign group has written an open letter to the Charity Commission expressing “deep anxiety” over the financial management of Seven Dials Playhouse after the charity failed to submit its annual return and financial statements, which are 89 days overdue.

In their letter, the campaign group Actor at the Centre (AATC) calls on the Charity Commission to “urgently engage” with the trustees at Seven Dials Playhouse to ensure they are “giving due consideration to the representations of the performing arts community in London" and "properly accounting to the public for their management of the charity”.

Formally known as The Actors Centre, the Covent Garden-based charity was founded in 1978 by patron Sir Lawrence Olivier to “create a space where working actors can network and support each other as well as continue their professional training”.

During the pandemic, the organisation was forced to close its premises, losing over half its membership. It received over £450,000 in financial support, including £360,000 from the Cultural Recovery Fund and in 2021, rebranded to become Seven Dials Playhouse, ditching its former membership model.

AATC claims the building was “repurposed” during Covid and has become a West End receiving house with regular ongoing acting training “effectively eliminated”. 

A statement from Seven Dials Theatre read out at an AATC meeting on 22 April did not directly address concerns over its financial management but did note that as a charity that is not publicly subsidised, its income is earned through ticket sales, industry and corporate hires and bar sales.

The organisation said the cost-of-living crisis and changes in audience behaviour made “forecasting income extremely challenging”.
It added that "as soon as it is viable", it plans to continue “a programme of professional and artist development".

The Charity Commission said it would be reminding the charity of its reporting responsibilities.

Collective management organisation PPL paid out £279.6m to 165,000 performers and recording rights holders in 2023.

This marks an increase of £34.9m (14.3%) on the previous year and is the highest annual total ever paid out in PPL’s 90-year history.

The £279.6m includes a payment of £7.7m by VPL, PPL’s sister company, which licences music videos when they are played in public or broadcast on TV. The £7.7m was a £1.6m increase on the previous year.

PPL cited the continued recovery from the Covid pandemic, as more businesses re-opened in the UK and globally, as a key factor in achieving the record total.

Its members receiving payouts range from independent and major record companies, to grassroots artists, session musicians and globally renowned artists. 

“We understand these payments are critical for many and we pride ourselves on our ability to deliver them consistently and on time,” said PPL CEO Peter Leathem.

“As neighbouring rights continue to develop around the world, we see a huge opportunity ahead to grow our market share and maximise revenues for performers and recording rights holders.”