THE ALBANY 2001 COMPANY Registered charity no. 1112521 Regislered company no. 04333098 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
THE ALBANY 2001 COMPANY Trustees. Report for Ihe year ended 31 March 2021 Contents Tru8t••s' Report........................ . . Independent Auditor's R•port.................................. ..... .18 Statement of Flnanelal A¢tlvltle8............................ .. ..22 Balance Sheet........ 23 Statement of Cash FIow8........................... . ..24 Note8 to lh• Flnanclal Statements.. ..25 Page 2 0136
THE ALBANY 2001 COMPANY Trustees. Report for the year ended 31 March 2021 The Trust8es pres8nt their report and the audited financial statements lor th8 year 8nded 31 March 2021. Referenc8 and Adrninistralive Delai18 Charity Numb8r: Company Registration Number- Operating Address and Registered Office 1112521 04333098 The Albany Douglas Way London SE8 4AG Trustees Vicki Am8dume Alastair Ballantyne'+ Karla Barnacle-Best Sarah Bedi Linda Bernhardt'+ Ono Daledjaye Chiquita Deliss8r Olivia Douglass Aisling Gallagher Kuffoan Hall Llsa Mead Will Nicholson'+ Amanda Parker Dame Joan Ruddock DBE'+ Tabitha Siklos Beres Williams Resigned 21.4.20 Appointed 4.3.21 Vice Chair Appolntgd 4.3.21 T8rm ended 31.3.21 Chair Resigned 22.6.20 Resigned 4.3.21 "Denotes member of Finance. HR & Operations Sub-committ88 +Denotes member of the Building Developmènt Board inci al Staff Gavin Barlow - Chlef Executive and Artisllc Director Senay Gaul - Chief Operatlng Offic8r Mary Nri - Finance Director Bankers CAF Bank Ltd Kings Hill West Malling Kenl M19 4TA HSBC Bank plc 85-87 Lewisham High Street Lewisham London SE13 6BE ditors Moore Kingston Smith LLP Chartered Accountants Devonshire House 60 Goswell Road London EC1 M 7AD Solicitors Rosenblatt Solicitors 9-13 St Andrew Stréet London EC4A 3AF Page 3 0136
THE ALBANY 2001 COMPANY Trustees. Report for the year ended 31 March 2021 Status The Albany 2001 Company is a charitable company limited by guarantee which was 8Stablished to become the sole corporate Trustee of the D8pttord Fund. The Albany 2001 Company was incorporated on 3 December 2001, registered as a charity on 15 December 2005 and recognised as the sole corporate Trustee of The Depttord Fund on 10 August 2006. The Depttord Fund is an unincorporated trust established in 1897. It was registered as a charity on 8 March 1968. Under a uniting order of the Charity Commission dated 11 August 2006, th8 D8Ptford Fund was removed Irom the regisl&r of charities and became the subsidiary charity of Th8 Albany 2001 Company. These consolidated accounts rellect the activities, assets and liabilities of the combined entity, which operates under the trading name of the Albany. Objectives ond Actlvltl•8 Alban Misslon The Albany aims to provid8: An artistic and community resource where diversity and crealivily flourish A space where new talent is nurtured and 8xposed to id8as from across the world High quality creative 8XP8ri8nces relating to the communities we serve A creative centre for leaming Within the community, contributing to the cultural, social and economlc benefll of South East London. Alb The Albany's obj8Ctives are lo operate a communlty arts centre and other facllllies, including without Ilmitation lor the particular benefit of those living in, working in. or resorting to the London Boroughs of Greenwich, Lewisham and Southwark to: Promote the arts Promote educalion Relieve need and disadvanlage Promote equality and diversity Provide facllities in the interests of social welfare for recroation or other leisure lime occupation of individuals who have need ol such facilities by reason of their youth, ag8, infirmity or disability, flnancial hardship or social circumstances with the object of improving th8ir conditions of lrfe Promote any olher purpose, which is charitable pursuant to the law of England and Wales from time to time. The organisation's Strategic Objectivps identrfiod for its Business Plan 2018-22 are: To put local engagement at the centre of the strategy. further establishing the Albany as a world-class community arts centre To inspire the ¢reallv8 POt8nlial of our communities and act as a catalyst for change and collaboration To fuwil the Albany's polential as a leading UK arts Centre, with a programme of high-quality work that creates an impact locally. regionally and nationally Page 4 0136
THE ALBANY 2001 COMPANY Trustees, Report for the year ended 31 March 2021 To define our messages and tell our story more clearly, allowing us lo reach more people. extend our influence and achieve more for th8 peop18 W8 serve To ensure the Albany has a sustainable future. strengthening its business rnodel and diversifying its income streams To 8nsure the Albany's building redevelopment plans reflect the needs of building users as well as the Albany's longer term artistic, social, financial and environmental objectlV6S. Alban Activities Thè Albany undertook the lollowing activit18s during the year.. Provided a programme of culturally diverse arts events including theatre, dance, spok8n word, film and comedy in its four performance spaces Provided participatory and educational arts prolects Includlng training programme8 Provided support and space to artists and companies to d8V8lop new work Provided serviced accommodation for a number of independent arts and communty projects whose objectives lall within the broad aims of Ihe Albany Provided facilities and spaces for us8 by resident independent projects and local groups and individuals for soclal events, meetings, workshops, rehearsals, performances, events and conferences. Managed Depttord Lounge and Canada Water Theatre, on behalf ol L8wisham and Southwark Councils, providing cultural and community facilities and projects. Provided leadership for hvo national projects, Family Arts Campaign and Future Arts Cenlres, supportlng other arts organisation8 across th8 country. The Trustees confirm that th8y have complied with the duty in section 17 of the Charities Act 2011 to have due regard to th8 Charity Commission's general guidance on public benelil, Including Its guidance 'Public Benefit.. Running a Charity IPB21' and are conlidenl that the objectives and actlvities undertaken by the Albany provide a signlflcanl benefit lo the public and are in accordance with its charitable objecllves. A¢hlevement8 and Performance 2020121 Meelin the Challen es ol COVID-19 The Albany was able to meet the challang68 of COVID-19 during the year In ways whlch supported our communities as well as ensuring the organisation's SUNival. The Albany building. and ils sister venu8S D8Ptford Lounge and Canada Water Thoalre, were partially Closed lo the public for much of the year, We refocussed how we can dellver our work, produced a range of onlin8 content, presented work outdoors land In our buildings when possible), finding new ways lo engage with local communities. In addition, our three buildings were used variously as a testing centre, food distrlbution hub and NHS Blood Donation centre, whilst otheise closed lo the public. Earned income nomally makes up much of our turnover, and we lost over £800k from our usual income sources during the year. We were able to maintain viability by cutting expenditure where we could, using Restricted Funds to drive aclivity, su¢c8ssfully applying for emergency funding, using a loan to undertake emergency mainl8nan¢e, and thanks to the generous support of numerous individuals. Page J 0136
THE ALBANY 2001 COthftPANY Trustees. Report for the year ended 31 March 2021 Most of the staff team were furlouJh8d until at least November, several posts were left vacant thrcughout th8 year, and the remaining slaft worked on reduced hours. These measures helped us to safeguard jobs. although it was necessary to make fiv8 Stalf roles redundant towards the and ol the year. We formed new partnerships to deliver our work and assist local communities, worked actively within wider networks and supported oth8r organisations locally and nationally. We listened to our young participants, which led not only to work onlin8 but the development of a new youth-18d record label, a podcast series, short films. collaboralions between p8rforming and digital artists, and commissions for young artists. Alongslde our partners Entelechy Arts, we kept in regular phong contact with hundreds of older partlcipants, and adapted programmes lo include dellvering ¢realive activity packs and a regular series of 'creative clusters, by phone. We launched the we8kly Meet Me on Ihe Radlo in May, which has been a signlficant SUCC8ss, reaching over 15,000 listeners. We reopened the Albany building in September 2020, after a series of outd¢X)r summer events, and held a programme of socially distanced performanc8s and events in the autumn before reslri¢lion8 necessitated a further closur8 in late December. In total 50,313 people joined us online, on the radio or in person during the year, to énjoy shows and content we pr¢)ducgd, supported, or curated - only just below normal audi8nce figures - in addition to 9,399 attendances for engagemeni programm88. ICP ramm Our public programme was driven more than ever by new creatlve ideas developed Ihrough our angagemenl programme8. We commissioned much more work than we had before, working with a wide range of artists to produce new work in respons6 to the changing times, with a lotal of 47 n8W commissions from 70 artists. Some notable programmes and events durlng th8 year include.. Meet Me on the R8dlo- a weekly radio show led by older people wort(ing with artists was launch8d in May 2021, available online and on Resonance FM. It captured imaginations and became a standard bearer for our Meet Me programme as well as reaching new audiences locally and as far afield as Japan. Pizza and Pitche8 - three online events during th8 y8ar presenting ideas from local peopl8 selected by participant groups. with a final commission chosen by the audience. Imaglnary Mllllons, one of the winners, was fllmed Ilve aft8r two aborted attempts. creating an onlino expèrience featuring a live band and 25 singers, rappers and poets. 2020VISION - 11 commissions for online work from young artists, in collaboration wlth resident company Sounds Like Chaos, premièred in November. Open Source Collaborations- two rounds of commissions produced 14 n8w film collaborations between young performing and digital artists. The Klds are Alright- Encount8r and Fu@1 Theatre produced a new film version of this dance theatre produclion first performed at th8 Albany in 2019.11 was filmed on the Evelyn estate in Deptford and received wide acclaim Including s8V8ral 5-slar revlews. The House that Slipped - imm8rsive online 'zoom' theatre created by local company Teatro Vivo, alongside a live st.reamed 'finale' event wilh a socially distanced live audience In the Albany gard8n. Page 6. 0130
THE ALBANY 2001 COMPANY Tru8tees' Report for the year ended 31 March 2021 Wannabo- a new short film launched early in May made with Breach Th8alr8, about a group of older women in Lewisham forming a Spice Girls tribute band. Other short films included A Party for the People of Doptford made by local film-maker Khevyn Ibrahim about Deptlord hriving, rising and coming log8ther as a diverse community,. The People's Palace of Possibility- a lett8r-writing projecl involved 49 local households over the surnmer. ARRAY 360 and Muslchy Festlval at Home- onlin8 music festivals hosted in June. Musiciiy included a performance filmed in our main space with a composition by instrumentalist and DJ Neue Grafik, who was inspired by the Albany as thè first place he felt at home when he arrived in London. Charles Hayward Prosent8... this eclectic collection of music curated by local muslclan Charles Hayward play8d lo a sell-oul live audience in November. Cornlortable Cla88lc81- regular relaxed p8rformances of classlcal music in an infomial sèttlng, with the Clty of London Symphonla, moved to th8 Albany garden lor Ilve slreamed events reaching thousands of viewers. PureGold festival - the degree shows of Goldsmiths, popular music students in S8Plember, a¢led as an effective trial run for public performances, with 28 gigs ovar èlght days, for invited audi8nces and streamed online. Duckle'8 25th Blrthday - a live slreamed LGBTQ+ club night with over 1,000 people vlewing and taking part. In Tlmes of Cros18 - the celebrated poet Yomi Sode brought together a range of special guests for a one-off evening of rellection and celebralion in October. R.A.P. Party- produced online by local writer and performer Inua Ellams, celebrating the tenth anniv8rsary of the event which started at the Albany and has since been produced around the world. 11 featured several brilliant poets Including Kae Tempest who wrote a new poem for the event. Art18t8 of Change- at th8 end of 2020 we appoint8d three 'Artisls of Change. through an 'OP8n call, (Ryan Calais Cameron, inlliative.dkf and Angela Clerkinl lo be resident al the Albany and within local communitles over longer periods into 2022, with th8 SUPPOrt of the Paul Hamlyn Foundatlon. Children and Familie We worked with 12 theatre companies in the spring to cr8at8 online resources for families and presented work in the Albany garden over th8 summer before returning for a limited programme ol theatre forlamily audiences in th8 autumn. The prograrnme includ8d: Reach for the Slars - a co-production with Little Angel Theatre for october half-term, inspired by the1rf8 of Mae Jemison, the first fema18 African American in space. The Lion In8ide- with LAS Theatre in September, as one of flve one-off productions from different companies. Poetry Plcnlc - with Simon Mole creating a live and online verslon of the regular event. The Man Who Wanted lo be a Penguln - Commissioned for Christmas from Stuff and Nonsense Theatre Company, the show played to sold-out socially-distanced family audiences and several full school 'bubbles'. before early closure due to lockdown. It Ihen had 1,257 viewers for a filmed version pr8S8nted over three days. Prigp 7 0136
THE ALBANY 2001 COMPANY Tfuslees, Report for the year ended 31 March 2021 In May we inteNiewed 1 Ci shortlisted companies and announced our Christmas commissions for 2021 and 2022 - new productions from wrongensemble (Th8 Snow Queen) and Kitch8n Zoo l The Tin Foil Astmnaufj. Alban YoLfrth Pro ramme AYP The Albany Youth Programme IAYPI unlocks creative potential and enables us all to benefit from the imaginative power of young people. Using crealivily. young people connect with oth8rs, grow skills and conlidence, Imagine new possibilities, and flnd pathways into future lobs. W8 provide free, open access and targeted opportunities, going to where young people are across the borough. in estat8-based youth and community centros in partnership with Youth First, our youth seNice, and Lewisham Hom8s, the social housing provider. Young p8ople18ad in all aspects of the programm8, from devising projects, facilttating sessions. and supporting their peers to creating events, writing the scrlpis, producing the music, and choreographing the move8. as well as shaping and guldlng the wider organisalion. Overall we work8d with 80 artists during the year, created 40 dlgllal projects and had 6,063 atl8ndance8 at 1,212 sessions. We made 25 commissions for young people loullined above) to produce work online during the year through the 2020VISION commissions and Open Sourc8 Collaborations. We launched SceneMaker8 In February which provides financlal support and mentoring lor local young film makers lo develop their skills and work more closely with the Albany. In March, we launched the first season of OrbSt, a podcast for young creatives. Online Uncover drama sessions ran throughout lockdowns and the group produced an online audio productlon for Christmas. Online we produced industry workshops for young creatives, and the Love2Dance video challenge. We did face-lo-lace sessions with lh8 Carnlval Prole¢t al Woodpeckar Youth Centre, the SE8 Sound Collecllve, and the Summor Garden Party providing drama and gardening sessions 101 6-11 year olds. The produclion from our Inlernatlonal ID Babylon prolecl, which pr8mi8r8d in Ljubljana in February was unable to lour due lo the pandemic. However, local film-mak8r Kh8vyn Ibrahim was commissioned lo make a film of the production instead, visiting parllcipants in all the home countrles (UK. France. Italy, Germany and Slovenia) over the summer. Creative Coding Collective- this Young Londoners Fund projeci launch8d In September. We delivered our first cohort of creative coding workshops, working with young peopl& who are at risk of entering the criminal justice system, before moving online in the second lock down. Five young peopla hav8 so far moved onto paid trainee roles in tech companies alongside industry mentorship. Ed Renshaw Awards - we received over 100 applications for the awards which, in partnership with Ed Renshavls family. provides financial and industry support to young musicians in south east London. Rezon8 - we developed a youth-18d record label with 19-year-old Lewisham resident Kieron Morris. Slnca launching, Rezon8 has worked with over 48 young people and made over 100 original tracks. with ovér 200k streams. Pag_ 8 01 J6
THE ALBANY 2001 COMPANY Trustees, Report for Ihe year ended 31 March 2021 Meot M8... Meet Me brings lorm8rly lonèly or isolated older people together to work with artists to learn or rediscover creative skills. make friends and have agancy over their social lives. The way wo do this changèd shape during the pand8mi¢, necessity caused us lo innovate and develop ways of working wlth people stuck at hom8 which ha5 given us new scope in our work with people who are housebound and experiencing isolation. It has also enabled us to widen the range of the work we offer and to reach more p8opl8. The Meet Me programme is produced by Enlelechy Arls and the Albany, in partnership with Lewisham Council. Our relationships with referral partners have strengthened in the last year as wa worked closely with the local authority emergency response teams and built relationships with GP'S social preriber8. In addition lo thls, our ongoing relationships Wlth local social housing providers ensures we are reaching those people who can beneflt most. The heart of the programme Ss Meel Me at the Albany - a weekly arts and social club which was suspended Irom the start of the pandemic. We kept In contact with all participants with regular phone calls, and this developed into Creative CIu8ter8, allowing us to work with groups of members remotely over the telephone in s8ssions led by artists and facilitators. Cluster ca115 included.. choir, craft and making, story-t811ing and poetry. We also produced doorslep performances and delivered cr8atlV8 activity packs, In March 2021 we launched Albany Connec1$, a door-to-door delivery servic8 enabllng creative exchanges between people who may be exp8ri8nclng isolation. Parcels ar8 delivered via an electric cargo bike and will include anything Irom plants and cuttings Irom th8 Albany garden whlch can b8 grown and re-gilted, poetry. messages, drawings, or aven a painting created in response lo a prompt from an artist. In May we launch8d th8 successful Meet Me on th• Radlo Idelalls above), which is currently tundad into 2022. Ov8rall we worked with 65 volunt8ers, and there were 3,336 attendances al 591 sessions. in addition to the 15,000+ people who tuned into the radio show. Palaces Fun Palaces, hosted by th8 Albany, is an ongoing campaign for community at the heart of culture and ullure al the heart of every commLJnily. The annual Fun Palaces weekend in Octob8r saw 364 live and onlin8 events across the country. This includèd many finy Fun Palaces, extra small and hyper-local 8venls following the Tiny Revolutlons ol Connection programm8 OV8r lockdown which Iocussed on reaching people without digital connection. rden Pro The garden proleci produced a series of popular vld80 tulorials in the spring and summer of 2021, and d81ivered plants and chutneys made from our produce to Meet Me m8mb8rs. We were able to restart the drop-in sessions, Com8 8nd Grow, twice weeklyfor up to six people from the beginning of July, and delivered sessions for 6-11 year olds over the summer. Other work with student5, families and older participants was largely suspended untll Ihe following year. Page 9 0136
THE ALBANY 2001 COMPANY Trustees, Report for the year ended 31 March 2021 Acfvoc and Co munications Our social medla activity increased significantly during the year, with over a million impressions on different platlorms. Our Crowdfunder campaign attracted hundreds of donors and a large number of positive comments on social media from artists, audience members and local people including: 'The Albany is Ihe lileblood of Daptford and Lewisham, 'One of the UKS very best community arts spaces, a shining light of 8xce118nc8, inclusion and the wan77est ol welcomes, .8 textbook axample ol a small venue that foryears has been pun¢hlng way, way 8bov8 ils weight. So many national gems ol theatre, comedy and culture can trace Iheir roots ba¢k to this birthplace, We were active in campaigning for support to enable the recovery of the arts sector, Includlng Inl8lVI8WS or mentions in The Daily Telegraph, The Guardian, Prospect magazin8, and two pieces in The Stage, which included the following quot8S'. "W8 ar8 noticing companies such as the Alb8ny... right now, not because they are doing anything differént. but because they re doing what they have always done,: Lyn Gardner commented that the 'inost local, networked and openly Iransparenl organisations are best placod lo be usalul in (his crisis and best placed lo suryive it" relernng lo us as 'Yha pionoering Albany In Deptlord,: We have undertaken a considerable amount of emergency mainlonanco work during lockdowns. including replacing bollers and electrical upgrades, 8UPPOrted by a £130k bank loan. Our longer term buildlng d8velopment planning was brought to a hall by the pandemic. However, we Were able to review our position In the autumn of 2020, and commissioned a further revision of the plans from th8 architects Witherford Watson Mann. Future Arts C8ntres Th8 Albany co-founded Future Arts Centr8s in 2013 and now leads the network with ARC Stockton. The network has a membership of over 120 arts cenlres across th8 UK and focuse8 on leadershlp development, advocacy and innovatlV8 partnership working across the sector. In summer 2019, Future Arts Centres secured £750,000 of Arts Council England funding to deliver Here and Now, an ambitious programme of work to celebrate the National Lottery's 251h birthday. Originally conceived lor 2020, tha programme has been extended due to COVID-19 and will now continue into the autumn of 2021. Here and Now is a national and local c818bration of culture within communities. 40 new projgcls hav8 or are taking place in and around 40 arts Centres across tha country, led by artists and co-created wilh local people. Ea¢h proj8Ct tells the story of the place and the peopl6. The programme is supported by five Associate Artists. who are developing a series ol films and podcasts to tell the national story of the project. Pa9e 100136
THE ALBANY 2001 COMPANY Truste83' Report for Ihe year ended 31 March 2021 Future Arts Centres lobbied during th8 COVID-19 crisis for recognition of the work of arts centres and for support during the recov&ry, as w811 as additional support for the artists and young people we work with. We have contributed lo roundtables and commilt88S through Arts Council England. the DCMS, local authorities and industry groups, submilt8d evidence to the DCMS enquiry into COVID-19's impact, and contributed to the Fabian Soci8ty's r8POrt Cultured Communities.. The Crisis is Local Funding for Arts and Culture. Famil Arts Cam The Albany is the lead partner and accounlablg b¢xly for th8 national Family Arts Campaign, a partnership of eleven organisalions and trade bodies. Th8 campaign is a national programme lo support the arts sector to improve the cultural offer for families and lo Increase levels of arts engagement by families in th8 UK. During the COVID-19 pandemlc, the Family Arts Campaign has continued to offer support to th8 cultural sector and has revised ils activitl8s and delivery plans lo provlde more digital engagement via the Fantastic for Families w8bsi18, online resources, case studies and a n8w programme of online learning events. In Ihe past year, the campaign has delivered five online 18arning webinars Including sessions on improvlng access In outdoor arts, preparing arts packs lor families in need and the latest resoarch on family audience insights and attitudes. Events were popular, wlth a total of 710 arts professionals attending, The campaign has also continued lo support Its reglonal networks through Ihe Esmée Fairbairn Foundation funded Ambassador scherne. The slx Family Arts Ambassadors have supported famlly engagement in their regions during the pandemic by delivering online workshops and working in partnershlp with community partners and food banks to provide packs and resources to famili8s in need. Ambassadors have also raised additional income lor future Farnily Arts activity and have commissioned new research on digital poverty to support families wilhoul digital access at home. esident Or anl tions Thè Albany works clos81y wlth a number of ils resident organisatlons on the development and delivery of the programm8s for the building. The Albany also worked with a further 20 community organisatlons in the deliv8ry of their work across the Ihree buildings, supporting attendanc8 of 12,902 at community events. Resident projects and organisalions based at Ihe Albany during 2020121 included: Abimaro Poetry Translation Centre Apples & Snakes R8cruilachef Day 600 Lld Refuge COP Entale¢hy Arts Refugee Council Heart & Soul Smashfest Independent Theatre Council Spare Tyre Theatre Company Kali Theatretyellow Earth Spread the Word LBL Street Trading Studio Raw Lewisham Education Arts Neork (LEANI Theatre Centre Lewisham Family Self-Holp Association Three Boroughs Lewisharn Speaking Up Tom Morton-smith Montage Torosaur Next Step Paoe 110136
THE ALBANY 2001 COMPANY Trustees, Report for the year ended 31 March 2021 Fulurn Plans The Albany was appointed as the Lead Delivery Partner in September 2020 lor London Borough of Cultur8 2022 in L8wisham. Th8 contract will be worth up to £1.2million (dependent on fundraising) and will bring signrficanl opportunities for the Albany, widening the scope ol the work we Gan deliv8r and developing new partnerships locally, regionally and nationally. We expect this will have a consid8rab18 impact on th8 organisation and the work we do throughout 2022 and b8yond. We continue to revise our building development planning with our partners Lewisham Council and hope to make a public announcement aboul our plans in 2022. Structuro, Governance and Management In The Memorandum and Articles of Associatlon of The Albany 2001 Company, as amended at the 2005 and 2018 G8neral Meetings. Th8 Alban 2001 Com an The directors who served during the year are listed on page three. The directors form a Board of Trus188s, which m88tS eV8ry three months. or more frequently if required, lo conslder reports Irom the Senior Management Tèam, monllor financial progr8ss and consid8r issu8s of strat6gic importance. Th8 Board has cr8at8d hvo sub-committees (Finance. HR and Operations, and Buildlng Development}. These respectively meet quarterly and as required lo conslder i18msllnformalion in mor8 d8tail than the Board. They have delegated authority wlth decislon making remalning wilh th8 Board and their proceedings are reported lo the Board. The day to day operational management of the centre remalns managed by the pald staff team, led by the Chief Executive. To facililale effective operations, the Chief Executlve has delegated aulhorily, within tenns of delogalion approved by the Trustees, for operational matters including flnance, employment and artislic performance related activities. ointment of Board of Trustees Th8 Board consists of a maximum of eight Nominated Trustees (selected by the directors for relevant skills and experience. which will benefit the company} and six Elect8d Trusteas {elected by the membership in the Annual General Meeting). One place on the Council is held for a representative from L8wisham Council, and one for a representative ol the Albanls resident organisations. Truslees (both Elected and Nominaledl serve for terms of three years subject to the rule for annual retirement, which applies, lo one third of those Elected Trustees having been longest in off ice. Trustee Indudion and Trainin All new Board members undergo a full Induction process, have Role Descripiions and are made aware of all their legal responslbilitl8s. Training sessions and 'Away Days, are offered and policies and procedures relating to Board members inductlon and training are reviewed and updated. Page 12 or36
THE ALBANY 2001 COMPANY Trustees, Report for the year ended 31 March 2021 Remuneration Polic When setting remuneration for its slaff, the Albany takes account of mark8t ral8S, S8Ctor benchmarking and other relevant data relating to charities of a similar size, operational activity and work place location. The remuneration ol the CEO/Execulive Team is the r8sponsibility of the Trustees and is s81 in the light of the skills and competencies required for tha particular roles and within the constrainls of affordability, Relatsd Organi8ation8 Lewisham Council The Albany is the principal independenl arts and community resource in the London Borough of Lewisham and has been supported by grant aid from Lewlsham Council for many years. The Councll is represented on Ihe Board of the Albany. eview of Rlsks The Trustees have equlpped the charity with a wlde range ol skills relevant to its development and elfeclive monitoring. Operationally, there are regular reviews by the relevant Sub-commiltee of the organisation's pertomiance and policies in r81alion lo Heallh & Safety. Safeguarding, Equal Opportunities, Employment and Financ8. The Risk Aegister is updated at18ast quartedy and has been revi6wed and scrutinlsed mor8 regularly in the past year at both S8nior Managemenl and Trustee Board Meetings. The organisatlon is covered by appropriat8 insurance and has a clear s8t ol Finance Flegulations to minimise the risk of fraud. The Charlty undergoes an external appraisal by the London Borough of Lewisham and Arts Councll England annually. The Trustees are mlndlul of the need to protect the organisatlon's good reputation with a wide range of stakeholders and Ihe general publlc. The TTUStees also ensure that the organlsation is responslve to users through various feedback mechanisms and has effective monitoring and evaluation proc8dur8S of its various activllles. They adopted a four-year Business Plan {2018-22} in D8cember 2017 and this includes an up-to-date Risk R8gist8r and stralegies to rnitigate those risks. Arts Council England core funding and L8wisham Borough core funding are both conflrm8d until March 2022. Trustees regularly review the programme of activity, the management accounts and ¢ash-Ilow forecasts quarterly. Internal financial controls are periodically reviewed to 8nsure that Ihey still meet the needs of the charity. The main challenges for 2020121 include the following.. r8sponding to and recovery from pandemic- related disruption to progiamme of actlvity. income gen8ration, audience, partner and artist relationships. achieving our fundraising targets. ensuring th8 Continuity of significant partner contracts; carrying out business critical capital projects. managing changes in key personnel, maintaining tlght control of data protection and ensuring the procedureslprotocols for cyber security are effective. Page 1801 i6
THE ALBANY 2001 COMPANY Trustees. Report lor the year ended 31 March 2021 Financial Review 2020121, COVID year, was a Challenging year, and relum to near normal over the next two-three years Is even more difficull to predict. The Unrestricted General Fund result for th8 year was a surplus of £226,120 {2019120.' surplus of £84,135). Total incoming r8sources were £3,615.356, a 1¢/0 decr8as8 on 2019120.. £3,646,741. The sources of in¢omg Changed significantly. Earned income lell by 50/0 to £973,185 12019120.. £1,933,156)- Thankfully, earned income was replac8d by income from the Furlough grant, ACE Cultural Rècovery grant, ACÉ COVID grant, Local Authority COVID support grants and increases in Restricted Projéct Grant fundittg. I the funding olfered and claiffled by the Albany supports lost Incom8 during 2020121. Further, some of the ACE funding was provided to ensure financlal stability until expected re¢ov8ry in 2022123. Total Resources expended were £2,634,941, a 28¥0 decrease on 2019120.. £3,638,659. Restrlcted Fund Projects account for 60°/1£604,689) of the {28°/.I reduction in expenditure. The cons8quent Restricted Fund closing balances ar8 rolled lorward for delivery of the projects in 2021122 and 2022123. Total funds of th8 organisation as at 31 March 2021 were £6,601,226 12019120.. £5,620,811), this includes the £2,900,000 unrealised Capital Revaluation ReseNe. The remaining funds totalling £3,701,226 comprise Unreslrlcted Funds of £555,752, Designated Funds of £889,962, 1£729,9621 relating io d8pr8ciation on capital assets) and Fleslrlcted Funds totalling £2,255,5121£1.293,610 In Restrlcled Project carry-forward balances and £981,902 relating lo depreciation on capital assets). In¢¢m8 Funds Restrlcted - Income.. during the year Income for spe¢lfic purposes tolalling £1,761,544 12019120.. £1,649,094} was received through revenue grants and donations for new and continuing projects Isee note 12). A total of £1.293,61012019120: £527,358) is carried forward to fund fulure activity. Unréstrlcted Ganèral.. these reserves are available lo spend as the Trustees s88 fit, in accordance with the organisatlon's charltable aims and objectives. The result for the year was a surplus of £373.512 (2019120.. £145,306} before transfers botween funds. The General Fund balance stands al a surplus of £555,75212020: £329,633) after transférs of £147,39212020.' £61,171). Revaluatlon Reserve.. this is the valuation as al 1 April 2014 of the land owned by the Albany. The proce8ds of the land, if sold, would form part of the Albany's Free ReseNes. The Revaluation Reserve balance stands at a surplus of £2,900,000 {2020: £2,900,000). Designated Bu81ne88 Development established to fund transactions relating to the future development of the Albany. Th8 balance of the lund after £14,072 transfer from General Fund is £50,000 at 31 March 2021 {2020,' £50,000}. Designated - maintenan established to r8fl8Ct possible conlractual maintenance responsibilities at tho Albany and managed sites, The balance of the funcl at 31 March 2021 is £60,000.12020= £60,000). Designated - COVID established to fund unexpected changes in income or expenditure due COVID. The balance of the fund at 31 March 2021 is £50,000. {2020- £nill. Page 140130
THE ALBANY 2001 COMPANY Trustees. Report for the year ended 31 March 2021 C8pItsI Funds Restricted Capital: capital grants are credited to this fund when recaivad and daprecialion relating to assets acquiied with such grants is charged to the fund. The balance ol the fund at 31 March 2021 is £961,902 {2020.- £1,050,530). De$ignaled- Capital: represenls the net book value of Unrestricted Capital Fixed Assets. Depreciatlon is charged annually to Ihe fund in respect of thes8 unrèstricted assets and any Improvements und8rtak8n. The balance of the fund al 31 March 2021 is £729,96212020.' £703,290). Re8erve$ Pollcy The Albany Board has taken a risk-based approach to establishing a ReseN8s Policy, in line with the oparatlonal guidance No 43 (Charity Income Reserves) issued by th8 Charity Commission, which considers the risks alf8cting the organisation, and how rosorves can be used lo help in efleclively managing them, whilst also being used to invest in the future health ol the organisalion as a lasl-growing social enterprise. The key risks for the organisalion over the next thr88 years are loss of public funding and major local authorlty contracts. COVID related closures. Other risks can be manag8d through contingencies, normal budget planning and financial management processes, r8Vi8w8d quarterly by the Board. At the sam8 time as malntainlng General Fund Res6rv8s to manage revenue risk in this way, the Board ar8 ol the oplnion that it is advisable lo establish Designated Funds to further mitlgate unfor8seen expenditure risk, as well as to Invest in future developm8nt. The Trustees have consequently establish8d the following objectives: 1. To establish the Unrestrictèd Géneral Fund Free Reserv8S target range belween £303.000 to £460,000, This equates to 3 months av8rag8 core expenditure at the upper end and risk assessed income losses at the lower end. This range is estimated as SLfftici8nt to maintain flnancial stability on an on-going basis in the 8venl of withdrawal or reduction in key revenue funding or unexp8Cted operating &xpenditur8, 2. To maintain a Designated Business Development Fund of £50,000 to meet preliminary costs of the bullding d8velopment project and allow Investmenl in new business opportunitl8S. 3. To maintain lh8 Designated Capital Fund, which signrficantly equates to the net book value of Freehold and Property improv8m8nts made in 1970's. 4, To maintain the COVID Fund of £50,000 to cover the impact of unexpected changes in income or expenditure due to COVID. At 31 March 2021, the General Fund Fr8& R8seNes Isee target rang8 in 1. above) at £405.732 (2020: £149,879) remains below the upper end ol the target range. Of the Designated Funds, the Business Developmenl fund is £50,000. the Maintenance fund is £60.009. the COVID fund is £50,000 and the Capital fund is £729,962. Page150136
THE ALBANY 2001 COMPANY Trustees. Report for the year ended 31 March 2021 Fundraising Policy As for many charitiès. raising voluntary funds from trusts, foundations and individuals is a vltal source of income for the Albany, enabling us to fulfil our charitable objectives as èffeclively as possible. Wa are very grateful for the support given by all our donors. Tho Albany believes that fundraising should be an open. honest and respe¢ttul process. We aim to build and mainlain solid partnerships with our supporters and donors, based on mutual understanding and shared values. In dev81oping our approach lo fundraising, w8 have taken account of the Code of Fundraising Practice issued by the Fundraising Regulator. The Albany op8rat8S Wlth a small internal fundraising team and does not engage extemal prof8ssional fundraisers or commercial participators to carry out fundraising aclivily and does not engage in lace-to-lace or t818phone fundraising. W8 have not received any complaints about our fundraising practices or activities. either during the financial yèar or subsequently. As part of its preparation for the G8neral Data Prot8Ction Regulation that came into force in May 2019. the Albany r8Vl8wed and updated its Prlvacy Policy. Thls policy, published on our websile, c18arly stales what personal data is held in relation to supporters and how Ihis data will be used. It also sets out how individuals can raise concerns or complaints. Trustees, Re8ponslbllltle8 The Trustees (who are also directors of the Albany for the purposes of company law} are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards IUnit8d Kingdom Generally Accepted Accounting Practice), Including FRS 102, the Financial Reporting Standards applicable in the UK and the Republic of Ireland. Company law requires the Trustees lo prepar8 financial statements for each financial year that give a true and fair view of th8 slate of affairs of the company and of the incoming resources and application of resources, includlng the Income and expendilure, of the company for that period. In preparing these flnancial statements, the Trustees are required to.. select suitable accounting policies and then apply them ¢onslslenlly; obsèrve the m8thods and princlples In the ¢harfly Statement ol Recommend8d Practice ISORPI; make judgements and estimates that ar8 r8asonable and prudent; state whether applicable UK accounting standards including FRS 102 have been followed, subject to any material departures disclosed and 8xplained in the financial stat8ments' prepare the financlal statements on the going conc8rn basls unless il is inapproprlate to presume that the company will continue in operalion. The Trustees are responsible for k8eping proper accounting records that disclose with reasonable accuracy at any lime the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ol the company and hence lor taking r8asonable steps for the prevention and d8teclion of fraud and other irregularities. Paoe l() ol ?6
THE ALBANY 2001 COMPANY Trustees, Report for the year ended 31 March 2021 Stalement of di8cIo8ure lo Audllors So far as the direclors are aware: al there is no relevant audit information of which the company.'s auditors are unaware, and b) they have taken all the steps that they ought to have taken as directors in ord8r to make themselves aware of any relevant audit inlomiation and lo establish that the compan$ auditors are aware of that information. Auditors M¢Jora Kingston Smith LLP have indicated their willingn8SS to continue in office and in accordance with the provisions of the Companies Act 2008 Ih8y are deemed re-appoint8d auditors for the ensuing year. Signed by Dam8 Joan Ruddock for and on behalf ol The Albany 2001 Company on 6 Decemb8r 2021. J.¢ Dame Joan Ruddock DBE Page 170136
THE ALBANY 2001 COMPANY Independent Auditor's Report to the Members of The Albany 2001 Company Limited Opinion We have audited the financial statements of The Albany 2001 Company Limited I'the company'l for th8 year ended 31 March 2021 which comprise the Staterngnl of Financial Activiti8S, th8 Balance Sheet, the Cash Flow Slalem8nt and notes to the financial statements. including significant accounting policies. The financial reporting framework thal has been applied in Ih8ir preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 'The Financial Reporting Standard Applicable Sn the UK and Republic ol Ireland, (United Kingdom Generally A¢cept8d Accounting Practice). In our opinion the financial statem8nts'. give a true and fair view of the state of the charitable company's affalrs as at 31 March 2021 and of its incoming resources and application of resources. including its Income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prapared in accordanc8 with the requirements ol the Companies Act 2006. Basls for oplnlon We conducted our audlt In accordance Wlth Inlemallonal Standards on Audltlng IUKI {ISAs IUKII and applicable law. Our responsibilities und8r those standards are further described in the Auditor's Responsibilili8s for the audit of the financial statem8ntS S8Ction of our report. We are independent ol the charitable company in accordance with the ethical requirements that are r8levant to our audit of the financial statements in the UK, including ihe FRC'S Ethlcal Standard, and we have fulfilled our oth8r 8thical responsibilities in accordance with these requirements. We belleve that the audit evidence we have obtain8d is sufficient and appropriate to provide a basis for our opinion. Con¢luslon$ relatlng to golng concern In auditing the financial statements, we have Concluded that the trusl8es' use of the going concern basls of accounting in the preparation of the financlal slatgments is appropriate. 8ased on the work we have pertorm6d, we have not idenllfled any material uncertainties relating lo events or conditions that, individually or coll8clivèly, may cast significant doubt on the charitable company's ability lo conllnue as a going concern for a period ol at least twelve months from when Ihe financial statements are authorised for Issue. Our responsibilities and th8 rèsponsibilities of the trustees with respect to golng concern are described In the re18vant sections of this report. Other informalion The other information comprises the information included in the annual report, other Ihan the linanclal statements and our auditor's report thereon, The trustees are responsible for the other information contained within th8 annual report. Our opinion on the financial statements does not cover the other information and, except to the exterbt otherwise explicitly slated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is to read thè other information and. in doing so. consider whether the olh8r inlormation is materially inconsistenl with the linancial statements or our knowledge obtained in the course ol the audit or otheise appears to be matarially misstated. If we identify such material Page 18 0136
THE ALBANY 2001 COMPANY Independent Auditor's Report to the Members of The Albany 2001 Company Limited inconsistencies or apparent material misstatements. W8 are required to detemiine whether there is a material misstatement in the financial statements thems81ves. If. based on Ihe work we have perfomied, we conclude thal there is a material misstatement of this other informalion. we are required lo report that fact. We have nothing to report in this regard. Opinion8 on olher matters pre8cribed by the Companles Aet 2006 In our opinion, based on Ihe work undertaken in the course of the audit: the Information given in the trustees, annual report for the linancial yéar for which the financial statements are prepared is consistent wilh Ihg linancial statements., and th8 trustees, annual r8port have been prepared in accordanc8 With applicable legal requiremènts. Matter8 on whlch we are requlred to report by 9xcelon In the light of the knowledge and understanding of the company and ils environment obtained in the cours8 of the audit. we have not identlfied mat8rial misslalemenls in the trustees, annual report. We have nothing to r8port in respect of the following matters where the Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have nol b&8n kept, or returns adequate for our audit hav8 not been received from branches not visited by us., or the financlal statements are not in agr88ment wlth the a¢counling records and returns", or certain disclosures of trustees, remuneration specified by law are not made- or W8 have not received all th8 informallon and explanations we require for our audit; or the Iruslees ware not entitled to prepare the financial statements in accordance with the small companiès regime and take advantag8 of the small companies exemption in preparing the trustees, annual report and from preparing a strategic report. R8spon81bllltle8 of tru8tee8 As explain8d more fully in the trustees, responsibilities statement, the Irustees (who are also the directors ot the charitable company for the purposes of company lawl are responsible for the preparallon of th8 financial statements and for being satisfiod that they give a true and fair view, and lor such internal control as the trustees detemiine is necessary to enable the preparation of financial statements that are free Irom material misstatement. whether due to fraud or 8rror. In preparing the financial statemenls, the trustees are responsible for assessing the charltable company's ability to continue as a going concern, disclosing, as appllcable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate tho charitable company or to c&ase operations, or have no realistic alternative but to do so. Audltor's Re8ponslbllltle8 for Ihe audlt of the flnanel81 slatements Our objectives are to obtain reasonable assurance about whether Ihe financial statements as a whole are free from material misslatement, wh8ther du8 to fraud or error, and Io issu8 an auditor's report that includes our opinion. Reasonabl8 assurance is a high level of assuranc8, bul is not a guaranlee that an audit conducted in accordance with ISAS (UK} will always del8ct a matèrial misstatement when it exists. Misstatements can arise from fraud or 8rror and are considered material if. individually or in Pago190136
THE ALBANY 2001 COMPANY Independent Auditor'8 Reporl to the Members of The Albany 2001 Company Limited aggregate, they could reasonably be expected to influence the economic decisions of users laken on the basis of these financial stataments. As part of an audil in accordance with ISAS IUKI we exercise professional judgement and malntain professional scepticism throughout Ihe audit. W8 also.. Identify and assess the rlsks of material misstatement of the financial statements, wheth8r due to fraud or error, design and perform audit pr¢xedures responsive lo those risks, and oblain audil evid8nc8 Ihat is suff icient and appropriate to provide a basis for our opinion. The risk of not detecting a material mlsslalement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forg8ry, intentional omissions, misrepresentations, or th8 override of Internal control. Obtain an understanding of Internal conlrol relevant to the audit order to design audit procedur8S that are appropriate in the clrcumstances, but not for the purposes of expressing an opinion on the èff6ctiv8ness ol the charitable company's internal conlfOI. Evalua18 th8 appropriateness of accountlng polici8s used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropiialeness ol Ihe trustees, use of th8 going concern basis of accounting and, bas8d on the audil evidence oblalned, whelher a material unc8rlainty exists related lo events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainly exists, we are raquired to draw attention in our auditor's report to the related disclosures in the financial staternents or, if such disclosures are inadequate, to modify our opinion, Our conclusions are based on the audit evidence obtained up to the dale of our auditor's report. However, futur8 events or condition8 may cause the charitable company lo cease to continue as a going conc8rn. Evaluate the overall pr8s8nlalion, structure and content of the financial statements, including the disclosures, and whelhgr the financial statements represent the underlying iransaclions and events in a manner that achieves fair pr8S8ntation. We communicate with those Charged with governance regarding, among other matters, the planned scopè and timing of the audit and significant audil findings, including any signrficanl deficienci8s in inlemal control Ihal we Id8ntify during our audit. Explanatlon as to what oxtenl the audlt was consldered capable of detecting irregularitie8, Includlng Iraud Irregularitl8s, including fraud. are instances of non-compliance wllh laws and regulalions. We design procedures in line with our responsibilities, outlined above, to delect materlal misstatements in respect of irregularities, including fraud. The extent to which our procedures are capab18 of delecling Irregularities, including fraud is detailed below. Th8 objectives ot our audit In r8specl of fraud, are. to identify and ass6SS the risks of material misstatement of the financial statements due to fraud,. lo obtain suff icienl appropriate audll evidence regarding the assessed risks of material misslatemenl due to fraud, through designing and implementing appropriate responses to those assessed risks,. and to respond appropriately to instances ol fraud or suspected fraud identrfied during the audil. However, the primary responsibility for the prevention and detection of fraud rests with both managemenl and those charged with governance of the charitable company.
THE ALBANY 2001 COMPANY Independenl Auditor's Report to the Members of The Albany 2001 Company Limited Our approach was as follows: We obtained an understanding of the 18gal and regulatory requirements applicable to the charitable company and considered that the most significant are the Companies Act 2006, the Charities Act 2011, Ihe Charity SOAP, and UK financial reporting standards as issued by the Financial Reporting Council We obtained an understanding of how the charitable company complies with these requlrements by discussions with management and those charged with governanc8. We assessed the risk of matèrial misstatement ol the financial statements, including th8 risk of material misstatement due to fraud and how it might occur, by holding discussions with managemènt and those charged with governance. We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-complianco with laws and ragulatlons. Based on this understanding, we designed specific appropriate audit procedures to Idenllfy instances of non-compliance with laws and regulations. This included making enquiries ot management and those charg8d wlth governance and obtaining additional corroborative evldence as requir8d. There are inherent Ilmltalions in the audii procedures described above. We are less likely to become aware ol instances of non-compliance with laws and regulations that are not closely relat8d lo evénts and transactions reflected in the financial statements. Also, the risk of not delecting a material misstatement due to fraud is higher than the risk of not d8t8cting one resulting from error, as fraud may Involve deliberate concealment by, for example, forgery or intentional misrepresenlalions, or through colluslon. U8• of our roport This report Is made solely to the charitab18 company's members, as a body, in accordanc8 with Chapter 3 of Part 16 of the Companies Act 2006. Our audil work has been undertaken so that we might slate to the company's memb8rs thos8 matters we are required to slat8 to them In an auditor's report and lor no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party olher than the charitable company and charitable company's members as a body, for our audit work. for this r8POrt, or lor the opinions we have formed. Date 16 December 2021 Karen Wardell (Senior Statutory Auditor} for and on behalf of Moore Kingston Smith LLP, Statutory Audltor Devonshlre House 60 Goswell Road London EC1M 7AD Page 21 0136
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THE ALBANY 2001 COMPANY Balance Sheel a8 at 31 March 2021 Not• 2020 FSxed a88•t8 4,741,883 4,833,574 Currant a8a•t$ Stock D8btor8 Cash at bank and in hand 5,800 506.700 2 279 885 12,695 590,491 Total currnnt a•••t• 2,792,385 1,464,585 crlI0r3. amounts falllng dué within one year 10 835 527 677 348 N•t ¢urr•nt a86ot¥ 1956 858 787 237 Cr•dltor•: amounts falling due alter one year 10a 197,5151 Not avJets 13 6 601 226 5620811 Funds Unreslrlcled General Revaluation ReseNe Deslgnaled Capital Funds Designated Income Funds Restricled Capital Fund6 Re$tri¢ted Income Funds 11 555,752 2,900,000 729.962 160,000 961,902 1 293 610 329,632 2,900,000 703,290 110,000 1,050,529 527 360 12 12 6 601226 5 620,811 These flnancial slat8m8nts have been prepared in accordance with the special provisions for small companl8s under Part 15 of the Compani8s Act 2016. Approved by Dame Joan Ruddock DBE on behalf of the board of directors on 6 December 2021: Dame Joan Ruddock DBE The notes on pages 23-34 form part of these financial statements. Page 23 0136
THE ALBANY 2001 COMPANY siat•ment of Cash Flows for the year ended 31 March 2021 2021 2020 Cash Flow from opèrating activities Net mov8menl in funds 980,415 184,144 2,138 6.895 8,082 178,847 Depreciation charges Inl8ros1 paid Decreas8llincreasoI In $to¢k De¢rea$ellincreasel in deblor8 Increase in current liabllllles {3,9021 111,0601 170415 83,791 158 179 Nol ca8h provided by op•ratlng actlvlt1•8 1415.562 342 382 C&8h Flow trom Investlng actlvltl•• Loan Draw Down 130,000 124,4401 18,0451 12,1381 Loan glemgnt in current liabllitl88 Capital repayment Inier8s1 paid Purchase ol fixed assets Net ca•h u8•d In Inv•8tlng aclfvlll•8 Chang• In ca8h and ¢a$h •qulvalents In th• r•portlng p•rlod C88h ond cash equlval•nt8 at gInnIng ol reportlng p•rlod Cash and ca8h equlvalent• al tho •nd ot r•portlng perlod 1.418,486 322,959 861 399 538 440 2 279,885 861 399 Page 24 0136
THE ALBANY 2001 COMPANY Notes to the financial statements for the year ended 31 March 2021 1. Accounting Pollcle8 (a) Basis of Preparalion: The linancial statements hav8 b8en pr8pared in accordance with the Financial Reporting Standard applicable in the UK and R8public of Ireland (FRS 1021. Th8 Charitable Company is a public benefit company for the purpos8s of FRS 102 and th8r8for8 the Charity also prepared its financial statemenls in accordance with the Statement of Recommended Practice applicable to charities proparing their accounts in accordance with th8 Financial Fleporting Standard applicable in th8 UK and Republic of Ireland (The FRS 102 Charitie5 SORP), published 16 July 2014, the Companies Act 2006 and the Charities Act 2011. The financlal statem8nts are prapared in sterling, which is th8 fun¢lional currency of the Charity. Monetary amounts in Ihese financial slalemenls are rounded to the nearest pound. (b) Golng concern: Th8 trustees have assessed wh8ther the use of the going concern basis Is appropriate and have considered the risks post COVID and other possible events or conditions that might casl significant doubt on the ability of the Charity to continue as a going Concern. The trustees have mad8 thls assessm8nt for a period of one year from the date of approval of the financial slalements. In particular the trustees have consid8r8d the Charily's forecasts and proj8Ctions and have taken account of pressures on grants and Contracted income. After making 6nquiries the trustees hav8 concluded that there is a reasonable expectation that the Chariiy has adequate resources to continue in operational exislen¢e lor the loreseeable futur&. The Charlty therefore continues to adopt the going concern basis in preparing its financial statements. (c) Crftlcal accountlng e8tlmat•8 and areas ol judgement: In preparing financial statements il is n8C8ssary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statemonls. Thè following judgements and eslimales are consider&d by the trustees to have most significant effect on amounts recognised in the financial statements. The most signlficanl estimates and assumptions which affect the carrying amount of assets and liabilities in the accounts relate to: The annual deprecialion charg8 for tangible fixed assets is sensltive lo change in the estimated useful economic lives and residual value of assets. These are reassessed annually and am8nded where necessary to reflect current circumstances and to take amounts of any impairment in value. The FRS 102 transition restatement of th8 land element ol fixed assets. As detailed in the revaluation reserve note on page 12, the deemed cosl carned forward is the estimated fair value Imark8t valuation) al the dale of transition, based on a professional valuation undertaken as at thal dale. For the year in question and the prior period, there were no other key sources of estimates or uncertainty. Page 25 of 36
THE ALBANY 2001 COMPANY Notes to the flnancial statements for the year ended 31 March 2021 {d) Depreclation is provided at rates calculated lo write down th8 Cost of each assat to its estimated residual value over its expected useful lif8. Capitalisation level of single item purchases is £500 and ol multiplè item purchases is £1000. Depreciation rates used are as follows.. Freehold propety.. no depreciation is charged on freehold land Freehold buildings: 2°/¥ P8r annum on cost Computer equipment., 33.3/0 per annum on cost Equipment, fixtures & fittlngs 20 /0 per annum on ¢ost An Impairment review is undertaken annually and value adjusled wher8 necessary (e)All grants receivable for the period ar8 treated a8 income when ther8 is evidence of entit18m8nl. receipt is probable and the amount can be m8asure reliably. Perfornance related and donor imposed conditions are taken Into account when determining when entitlemenl to incom8 IS within the control of the charity. All the related expgnditure is written off in the period in which il is incurred, Expenditure on major capital projects is capilallsed and any associated grants received are treated as income for the period and dealt wilh through the Statement of Financial Activities as Restricted Capital Funds. (fj Resourc•8 •xponded directly in relatlon to an area of activlty are allocated to that activlly. Indirect, or support costs consist of central salarie8, premises, depreciation and administration costs. These ar8 allocated on a reasonab16 and consistent basis - inlluenc8d by the amount ol staff time devoted to, and floor area occupied by, each suGh activity as follows.. Salari Preml8e8 Cost ol lundralslng Artistic programmes Centra op8ralion8 Exlemal contracts Dependent on rol8 57,5% 70Q 55OA 42.5Vo 300A 17% 25% 100% 100% loo% (g) Fund Accountlng: Funds held by the charity are either,. Unr8Stricled General Funds - these are funds which can be used in accordance Wlth the charitable obj8cls at the discretion of the Trustees. or Designated Funds - these are funds sel aside by the trustees out of Unrestricted General Funds lor specific future purposes or projects; or Restricted Funds - these are funds thal can only be used for particular restrScled purposes within the objects of the Ghariiy as specified by the donor. or Revaluation Reserve - these are the funds racognised on the transilional restalemenl under FRS 102 of the land elem8nt of fixed assets, utilising the market value at that data as deemed cost. (h) Slocks of consumables in th8 café, the theatre bar and box office are included at th8 lower of cost and net realisable value. (i) Rentals applicable lo operating leases where substantially all of the benefits and risks of ownetship remain with thè18ssor are charged against th8 Stalement of Financial Activities as incurred. Page 26 0130
THE ALBANY 2001 COMPANY Notes to the flnancial statements for the year ended 31 March 2021 (l) Financial Instrument8 Th8 company has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '01h8r Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial inslruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabililies are offset, with th8 net amounts presented In the linancial statements, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simullaneously.with the exceptions of prepayments and deferred income, all other debtor and creditor balances are considered lo be basic financial instrumenls under FRS 102. Cash and cash equivalents - Cash and cash 8qulvalents Include cash at banks and in hand and short term deposits with a maturity dale of Ihree months or less. Debtors and crèditors - Debtors and creditors r8c8ivable or payable within one year of th8 reporting date are carried al their transaction price and subsequently al s8tt18m8nl value. (k) Penslon8 The Albany op8rates a defined contrlbution pension arrang8ment, of which the contributions are charged to the statement ol financial activities as they become payable. (l) Employee costs and termln8tlon payment8 The costs of short-term employee benelits are recognis8d as a liability and an expense. The cost ol any unused holiday entitlement is r8cognlsed in the period in which th8 employee's services are received. Termination benefits are recognised as an exp8nse when Ihe charity is demonstrably committed to terminate the employment of an employee or to provide termination benefit. 2. Donatlons and gran18 Unr•8trl¢t•d G•noral Fund8 Unr•strlcled De$ignatsd Funds R••trlct•d Incom• Fund8 Réitrlctod Capltal Fund$ Total 2021 Arts Council England - Core Arts Coun¢il England- CRF London Borough ol Lewisham Sundry donations and grants TotAI 2021 179,253 323,468 179,253 323,468 137,459 137,459 19,911 660 091 23.784 663 964 3.873 Restrlcted Income Fund8 Unre8trict•d Gen•ral Funds Unre8trict•d De81gnated Fund8 Roslrlcted Capltal Funds Total 2020 Arts Council England - Core London Borough ol Lewisham Sundry donations and grants Total 2020 176,004 176,004 154,616 154,616 5.791 336.411 16.683 16,683 353.094 Prige 27 0136
THE ALBANY 2001 COMPANY Notes to the financial statements for the year ended 31 March 2021 3. Income to further Ihe ¢harlty's objectives Unro8trl¢tsd Unre8trlcled GenerAI Duignated Fund8 Fund8 R•slrict•d Income Funds Ro8tricted Capitsl Fund8 Total 2021 Artistlc programm¢8 Grants Box officg, hire$ and fees Racharged costs Theatre bar Other income 29.939 19,346 18.601 1,230 140 69,256 1,457.985 15621 7,735 1,487.924 18,784 26,336 1,230 1 557216 1626,472 Contr• op•ratlon• Grants S8rvice charges Community hires Community calélbar Other income 395,646 194,110 5,653 3,620 37,241 636,270 395,646 194,110 5,653 3,620 636,270 External contract• Grants The Depilord Lounge Canada Wal8r Thaalre Lewisham Homes Consultancy 94,637 281,343 112.215 94,637 367,975 161,038 65,000 86,632 48,823 65,OC 468,195 1 193721 Unr•¥trlcted Unra8tricted G•neral De8ignaled Fund¥ Fund• 200,455 1 757.671 R•strlct•d Income Fund• bilb,liS0 2 951.392 Tot•1 2021 Ro8trict•d CapSto1 Fund8 Total 2020 Artl¥tlc programmo• Grants Box ollice, hires and fees Racharged costs Theatre bar Other income 8,888 139,417 61.884 9,332 368 219.889 1.334,690 21,928 3,801 1,343,578 161,345 65.685 9,332 102 420 1.682.360 102,052 1462 471 Centr• operntlon8 Grants Service charges Community hires Community caléibar Other income 18,913 226,596 75,207 293,875 122740 735.331 16,913 226,596 75,207 293,875 122740 735,331 External contracts The D8Ptford Lounge Canada Water Theatre Lewisham Home$ Consultancy 505,843 171,173 29,000 505,843 224,112 146,000 52,939 117,000 706,016 1.661,236 169,939 1 632.410 875,955 3.293.646 Total 2020 Pcioe 28 0126
THE ALBANY 2001 COMPANY Notes to Ihe financial statements for Ihe year ended 31 March 2021 4. Expendllure by natural classification Ralslng lunda Artistic programm•• Communlty centr• Extemal contract• Totsl 2021 Direct co8t8 Artisls'18es T8chnical Marketing Salaries and le85 Stock lor resale Other project costs 61,848 6,334 88,875 544,911 655 435 227 1 137850 1,175 65 69 208,439 63,023 6,399 88,944 843,046 8,480 707 691 1717 583 89,696 7,825 277 894 487 642 Support ¢08t8 Salaries and 198$ Prgmlses Depreciation Administrallon Govemance 48,228 208,149 73,032 127,121 67,425 191,492 53,980 56,363 20,840 26,078 473.947 127,012 184.144 122.591 3,678 30,648 475 727 917 358 Total 2021 1.613.577 414766 545,028 2.634.941 Ral•lng fund8 Artl•tlc programm Communlty ¢•nlr• Ext•rn&l ¢onlract• Total 2020 Dlr•ct co•ts Artists, lees Technical Marketing Salaries and le8S Stock lor resale Other project cos18 240,$07 17,463 198,475 803,159 10,377 664 856 1934 837 24.316 4,447 22,852 331,425 5,512 264,823 21,910 221,334 1,330,448 107.892 1012 977 2 959 384 195,864 92,003 313091 711456 Support C08ts Salarios and lees Premises Oepreeialion Administration Governance 13,503 221,026 39,689 123,273 37,266 98.449 29,336 54,914 11,519 21,415 354,393 69.025 178,847 67,757 660 16.939 2,033 421 254 39.014 679 275 Total 2020 2 356.091 750 470 3.638 659 Page 29 0136
THE ALBANY 2001 COMPANY Noles lo the flnancial stalement8 for the year ended 31 March 2021 N•t ineome for the year 2021 2020 This is slated after charging for.. Auditor's r8muneralion'. audit lees for current y8ar Depreclation: - assets own8d directly by the company 9,664 9,375 184,144 178,847 Staff co8t• end numb•r• 2021 2020 The cost ol lees and salari88 disbursed during the year were.. Gros5 Salaries and wag88 Soclal securily c051s Pension contributions R8dundancles 1,139,157 84,119 20,912 4.519 1,248,707 337 748 1586,455 1,528,809 119,371 26,169 1,680,984 345 403 2 026 387 Fees and olhar remuneration Key managamenl personnel compriso th$ Trusleas, Chief Executive Officer, Chief Operating Olli¢or and Finance Director. The total c081 including all employoo b•n8lrt& ol the key management personnel are.. The averag• number (full lime equlvalenll ol employees durlng the year was.. 159864 163879 2021 No. 2020 No. Artislic programmos Canada Water Theatre The D8pllord Lounge Centr8 operations Support slafl 13 19 10 16 10 44 58 1 8mployee earned between £60,000 and £70,000 in the year {2020: 11. Pension contributions in respect of this employee were £1.31312020: £1,316) 7. Truslee$' remuneratlon and related party transacllons Camille Dawson, a Trustee of the Albany and a Director of Camille Itd. Camille Itd was paid £nil12020 £1.1411 for services provided to the Albany. Vicki Ameduma, a Trustee of the Albany and a Director of Upswing Itd. Upswing Itd was paid £nil (2020 - £6,600) for s8rvic8s provided to the Albany. Olivia Douglass, a Trustee ol the Albany was paid £423 (2020 - £nill for sètvices provided to the Albany. No remuneralion or expenses12020 - £nil) were paid to any other Trustees during ihe year. Pagé 30 0126
THE ALBANY 2001 COMPANY Notes to the financial statements for the year ended 31 March 2021 Tangible Flxed A¥¥elS Other Equipm•nl, Fr8ohold Theatr• Computer Fixluros Prop8rty Equipment Equipment & Fittinga Total Cost or valuatlon: Al 1 April 2020 Additions DpOsalS Al 31 March 2021 7,404,782 347,166 61,960 1(*,137 7,920,045 92.453 92,453 105732 150 793 7 906 766 10.510 336 656 7 404 782 Dapreclation: Ai 1 April 2020 Provision for the year Disposals Al 31 March 2021 2,694,654 88,562 259,918 67,331 10.510 316739 54,622 7,338 77,277 3,086,471 20.913 184.144 47,797 105 732 50.393 3.164 883 2783216 Not Book valu• Al 31 March 2021 4 621566 100 400 4741883 Al 31 March 2020 4710128 28.860 4,833,574 The net book value represenls flxed assets wholly used for direct charitable purpos8s. Included In the figur8 of cost ol freehold property Is freehold land of £2,976,721, which is not depreciated. There is a charge on the Freehold land pledged as security lor the bank loan {see note1 Obl. D•btorn 2021 2020 Trade debtors Less bad debt provi8lon Other debtors Prepaymen18 and accrued Income 296,643 13,480} 972 212,565 506 700 315,909 113,8751 171,324 117133 590,491 10. Cr•dltor¥: Amounts lalllng du• wlthln year 2021 2020 Trade creditors Taxes and social security costs Bank Loan Deferr8d in¢ome Inole 1 Obl Other creditors Accruals 210,081 25,594 24,440 266,528 229,731 79,153 835 527 229,817 111,533 217,804 42,313 677,348 10a Movom8ni In Def8rred Incomo At 1 April 2W20 At 31 March 2021 movement In year Grants in advanc8 Room Hire and box ollico in advance 95,378 37,108 132,486 171,150 37,108 134,042 266,528 Page 310136
THE ALBANY 2001 COMPANY Notes to the financial statements for the year ended 31 March 2021 10b Credltor8: Amounts talling due aft•r ono yo¥r 221 2020 Bank Loan 97,515 The Albany have a loan ol t130,000 from HSBC bank. Th& loan is Tepayable over 6 years until Odober 2026. The interest Tale on the loan is 3.950/o+BEBR. Th8 loan was used lo fund a boilor rgplacem8nl and essential electrical r8wiring. 97,515 11 At At 31 March Summarl8•d mov•m•nt8 of lund• Incomlng Ro•ourcè• r••ourc•• 0xnd Tr8nsfer• b•twe•n fund8 2020 Unroslrided- General Unre81ricled - Revaluation Re8eN8 Oesignalèd- Capital Oesignaled- Busines8 Development D8signaled - Maintenance Dèsignated- COVID Fund Restricted- Capital Restricted- Incorne 329.632 1,853,812 11,480,300) 1147,3921 2,900,000 703,290 50,000 60,000 555,752 2,900,000 729,962 50,0 60,OC(J 50,000 961,902 1.293,610 6,601,226 156,6481 114,0721 83,320 14,072 50,CMJO 1,050,529 188,6271 527,360 1,761,544 1995,2941 5.620,811 3,615,356 12,634,941) At 1 Aprll 2019 At 31 March 2020 Summarlsed mov•m•nt8 of fund• Incomlng R•aourc•8 re8ourc•s oxpondod Tran8for8 between lund8 Unr•$lrlcted - General Unreslricled- Revaluation Reserve Designated- Capital Designated- Business Development D8signaled- Mainl8nanc8 Reslric19d - Capital Restrictèd - Income 245,497 1,997,647 11,852,341> 161,1711 2,900,000 759,938 50,000 40,000 1,139,045 188,5161 478,249 1,649,094 1,599,983 5,612,729 3,646,741 13,638,659) 329,632 2,900,000 703,290 50,000 60,000 1,050,529 527,360 5,620,811 156,6481 141,1711 41,171 20,000 Unrestrlcted- Gener81 The fund r8pr8sents the Unrestricted Reserves of the Charity. Unrestrlcted Revalualion Re8erve The fund represents the revaluation on the land element ol the property under transition to FRS 102. Designated - Capital The lund represents the net book value of non-reslricted fixed assets classified as buildings. Pagp 32 0136
THE ALBANY 2001 COMPANY Notes to the financial 8tatements for the year ended 31 March 2021 Designated - Bu81ne88 Development Preliminary costs and income relating io the building development project are charged and cr8dit8d to this fund. Designated- Malnlenance This fund is cr8ated from underspends in the maintenance budget. The fund level is to 8nsure we can fully meet any contracted legal obligations. Restrlct•d - Capital Capital grants are credit8d lo this fund when received and depreciation relating to assets acquired with such grants are charged to the fund. Re8lricted - Income These funds summarise revenue income received for sp&cili¢ activities and related expenditure. Explanations for Ihe us8 ol Ih8se Reslricled Project Funds is set out in detail in the Trust88s' report section 'Achievements and Performance 2020121, starting on page 6. 12 Re8trleted Fund8 At 1 Aprll In¢oming R•8ourco• 2020 r080urcoB •xpended Al 31 March 2021 Tran8for• Incomg Funds Ed Renshaw Fund E8mée FaiaIrn Foundation (FAC Every Child Family Arts Fun Palacgs Garden Proiacl Meel M¢ ai the Albany IMMATAI National Th8alre Connections Young London8rs fund Young Peopl6$ Programrne National Lottery Community Fund Ilraining Decameron project Festival ol Cr•aiive Ageing The Home ID Babylon Jack Pelch8y Contracts Women & Machine Youth Music Here & Now project National Lottery 25 Year Fund Weston Culture Fund Artist ol Change 14321 113,6131 14311 33,972 3,032 63,781 292,503 17,100 11,563 9,864 19,253 136,062 32,565 10 38,274 166,967 14,400 13,047 9,041 21,843 59,147 15,000 3,022 225,728 307,958 19,967 105,001 2,575 22,843 215,683 1200.2211 1182,4221 117,2671 1106,4851 11,7521 125.4331 1138,7681 8,933 6,933 96,820 {7,8501 11001 {1,2451 88,970 113,1191 938 3,791 145,879 113,0191 2,183 3,791 10,424 13,534 11791 16401 147.018 135,455 113,5341 13,8221 13001 1271,2881 12,4801 18,282 1995.2941 14,0011 19401 169,730 271,512 35,218 1,293,610 294.000 273,992 43,500 527,360 1,761,544 Capital Funds Reslricled - Capital Funds 1,050,529 1.050,529 88,6271 88.6271 961,902 961,902 Total Rostricted Funds 1.577.889 1,761,544 11.083,9211 2,255,512 Pagp 33 0136
THE ALBANY 2001 COMPANY Noi•s to the financial statements for the year ended 31 March 2021 12 R081rlcted Fund8 At 1 Aprfl Incomlng R•sourc•s 2019 re8ource8 •xpgnd•d At31 March 2020 TrarbBlern Incorne Fund8 Ed Renshaw Fund Esmée Fairbairn Foundalion (FACI Every Chikl Family Arts Fun Palace8 Garden Project LewSsham Hom8S Lewisham Hom8s IMMATAI Me81 Me at the Albany IMMATAI National Th8alre Conn8clions Young London8rs Fund Young Peoples Programme National Lottery Communty Fund Ilrainingl Decameron project Festival ol Creativ8 Ag8ing The Home ID Babylon Jack Petchey LBS Pfogramme Women & Machine Youth Music Hore & Now project Arts Council England IFACI 15,985 2,677 40,110 147,016 8,151 4,091 14581 10,888 5,047 30,000 15.943 178,004 239,699 27,816 7.000 65,466 103,554 8,495 22,843 212,286 113,4001 118.6101 1179,8401 1219.7481 121,5671 111.0911 165,0081 1101.3951 14,5011 1,000 {185,3901 32.585 10 38,274 166,967 14,400 13,047 9,041 21,843 59,147 32,251 5,525 7,500 14,0921 8,933 11,280 109.527 14,190 2,764 5,550 24,442 11,883 27,330 5.000 127,211 71.562 3,996 9,030 52,939 11,750 116,2801 {236,7371 198,7711 14,5771 {10,7891 166,957 {10,0991 127,509 10,000 {10,6401 439,000 1291,9821 478,249 1,649,094 11,599,983 113,0191 2,183 3,791 10,424 13,534 11791 16401 147,018 527,360 C•pSts1 Fund8 Reslricled- Capital Funds 1,139.045 1,139,045 188,5161 B8,5161 1,050,529 1.050.529 Tot•1 R•8trlcted Fund• 1.617,294 1,649,094 11,688.4981 1,577,889 Page 34 0136
THE ALBANY 2001 COMPANY Notes to the financial statements for the year ended 31 March 2021 13. Analysis ol net a88ets between fvnd8 Unfe8trictod Unrestrict•d Genoral Dgsignai•d Funds Funds Restricted Restrlctod In¢ome Capital Funds Fund8 Revaluatlon R•8erve Totsl 2021 Tangible fixed assets Stocks Oeblors Cash al bank. In hand Current liabilities Long 18mi liabililles al 31 March 2021 150,019 5,8(XJ 506,7(J) 826,275 1835,5271 197,5151 555,752 729,962 2,900,000 961,902 4,741,883 5,800 506,700 2,279,885 1635,5271 197,S151 961,902 6,601.226 160,OC4J 1,293,610 889,962 2,900,000 1,293,610 An8ly•i ol nel a88ets b•tweon lunds Unre8trlcted Unre8trleted Gen6rn1 D•glgnated Fund8 Furnda Revaluatlon R•8erv• Re8trlctod R•8trict•d Incorn• Capital Funds Fund& Total 2020 Tanglble fixed assets Stock8 Debtors Cash al bank, in hand Curr8nl liabilities 179,755 12.695 590,491 224,039 1677,3481 329,632 703,290 2,900.000 1,050,529 4,833,574 12,695 590.491 861,399 1677,3481 527,360 1,050,529 5,620,811 110,CK)o 527,360 al 31 March 2020 813,290 2,900,000 14. Grnnts and donatlons r•celv8blè durlng th• year 2(Y21 2020 Unre8trlctsd grant• and donatlons London Borough of L•wlsham annual revenue support Art Council Englgnd annual revenue support Sundry donation 137,458 154,616 179,258 19,912 336,623 176,004 5,791 336,411 Restricted incom• gr•nt$ and donation• Arts Council England- Famlly Arts Arts Council England- National Lottery 25 yrs Arts Council England- Celebratlng Age Arts Council England- CRFgrant Arts Council England- Covid grant Arts Council England- Other 132,394 300,000 130.000 375,000 39,465 248,468 75,O¢X) 47,050 Page 3D 0136
THE ALBANY 2001 COMPANY Notes 10 the flnancial statements for the year ended 31 March 2021 14. Gran18 and donations roGelvable during lh• ygar {¢ontlnuedl 2021 2020 AOnOU$ Trust 14.167 5,833 D'oyly Cartg Charitable Trust Entelechy Arts Esmée Fairbairn Foundalion Future Arts C8nlres IARC Slocklon} Garfield Weslon Foundation Grèater London Authority Coronavirus Job Ralenlion Sch8mo Jack Pelchey Foundation LEAN Lewisham LSve L&Q Foundation London Borough of L•whh•m Lewisham Investment Fund - Tideway Age against the Machine Covid grants London Freema8ons London Youth Mayor ol London The MerGhanl Taylors. Foundation National Lottery Communhy Fund National Theatr8 Paul Hamlyn Foundation Peter Slebbings Memorial Charity PRS Foundalion Royal Opera Hou86 S¢ottish Libraries ISLICI Tesco Community Grants The Wellcome Trust Theatre du Pelican Theatr8 Trust Unity Theatre Trust Youth First Private donations - Every Child project Private donations - Family Arts project Private donations - Festival ol Creative Ag8ing Private donations - Fun Palaces project Private donalions - Garden project Private donalions - Home project 4,000 17,415 108,667 10,000 293,992 22,843 415,004 9,587 65,333 43.000 22.843 15,913 9,030 2,550 3,520 24,837 57,541 64,724 4,000 117,250 7S,560 4,500 778 222 2,500 9.000 360,826 6,680 421,961 2,575 43,500 5,000 8,889 1,000 7,1)20 8,500 2,925 3,996 5,000 1,000 4,318 8.443 2,022 10 3,961 615 944 337 2,305,548 1,377,174 1,841 Total grants and donations 2.642,171 1,713,585 Page 36 of 36