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Cash shortfall at theatres trust puts venues at risk

posted 7 Nov 2011, 06:58 by David Rintoul   [ updated 23 Nov 2011, 14:51 ]

Fears were growing today for two of Edinburgh’s best-known theatres as the trust that runs them faces a deepening cash crisis.

Auditors have warned that there is a doubt about the ability of the Festival City Theatres Trust, which runs the King’s and Festival theatres, to “continue as a going concern”.

The warning is contained within financial accounts for the trust that have not yet been published publicly and indicate the extent of the financial crisis that the organisation is facing.

It has faced severe cuts to the funding it receives from the city council and has already been forced to scale back its programme and make staff redundant in order to cut costs.