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
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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 othe￿ise 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 pre￿riber8.
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.
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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 Ne￿ork (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 othe￿ise 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 9xce￿lon
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

co
¢D ￿ <0
ZC ￿2z2

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
cr￿lI0r3. 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
D￿pOsalS
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
2￿21
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•• 0x￿nd
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 Fai￿aIrn 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
A￿On￿OU$ 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