2021-03-31-accounts

		Page
Reference and administrative details
Report ofthe Directom and Trustees' Annual	Report
Independent examiners' report
Statement ofFinancial Activities		12
Balance Sheet		13
Statement ofCash Flows		14
Notes tothe Financiat Statements		15

Registered Company	number:	07929154(England	07929154(England	and Wales)	and Wales)
Charity number:		1151595
Directom:		D.N. Meredith (Chairman)
		A. Hardy (Vice Chairman)
		L.P. Moore
		A.C. Benfield
		C.D.Arnold
		M.R. McCaffrey	(Resigned 12.05.2021)
		I. Knight (Resigned 06.04.2021) A.J.Roberts
		S.CJordan
		Z. Sultana (Appointed			06.07.2020)
		T.Owatemi (Appointed			21.04.2021)
Chief Executive Ofgcer:		K.Shaw
Registered o%ce;		One Eastwood
		Harry Weston Road
		Binley Business	Park
		Coventry
		West Midlands
		CV3 2UB
Principal Office:		The Albany Theatre
		Albany Road
		Coventry
		CV5 6JQ
Accountants:		Daffems LLP
		Chartered Accountants
		One Eastwood
		I-larry Weston Road
		Binley Business	Park
		Coventry
		CV3 2UB
Bankers;		The Co-operative	Bank
		P.O. Box101
		Balloon Street
		Manchester
		ill60 4EP
		Lloyds Bank
		30 High Street
		Coventry
		CV1 5RE

	forth	e year ended 3	1 March 2021
					Total	Total
		Notes	Unrestricted	Restricted	2021	2020
				5	6	5
INCOME FROM:
Donations and legacies: Grants		2	485,887		485,887	11,000
Donations			2,753		2,753	105,056
Charitable Activities:
Operation oftheatre		3	26,447		26,447	366,667
Other income		4	387		387	9,326
Total Income			515,474		515,474	429,049
EXPENDITURE ON:
Charitable activities: Operation oftheatre		5	436,808		436,808	571,617
Other:
Governance costs		6	7,409		7,409	3,678
Total expenditure			444,217		444,217	575,295
Net income /net expenditure the period before transfers	for		7'i,257		71 257	(83246)
Transfer between funds
Net movement in funds			71,257		71,257	(83,246)
Reconciliation offunds
Tata!funds brought forward			612,908	922	613,830	697,076
Total funds carried forward		17	684,165	922	685,087	613,830

ALBANY THEATRE TRUST	ALBANY THEATRE TRUST	ALBANY THEATRE TRUST	ALBANY THEATRE TRUST
(A COMPANY LIMITED BYGUARANTEE)
				Registered	No. 07929154
	BALANCE	SHEET
	31 March	2021
			2021		2020
	hlotes			5
FIXEDASSETS
Tangible assets Investment	9 10		599,404 100		576,971 100
CURRENT ASSETS
Stock	11		320
Debtors Cash at bank and in hand	12	7l,353 93,130		33,347 144,290
LIABILITIES		164,803		177,637
Creditors falling due within one year	13	(56,242)		(115,640)
NET CURRENT ASSETS			108,561		61,997
TOTAL ASSETSLESSCURRENT LIABILITIES			708,065		639,068
CREDITORS
Amounts falling due aRer more than one year	13		(22,978)		(25,238)
NET ASSETS			685,087		613,830
FUNDS OF THE CHARITY
Unrestricted income fund Restricted funds	18		684,	165 922	612,908 922
TOTAL CHARITY FUNDS			685,087		613,830

			2021	2020
		Notes	8	8
Net cash flow from operating	activities		4,378	(99,610)
Cash flow from investing activities Payments to acquire tangible fixed assets Purchase of investment			(55,538)	(116,452) (100)
Net cash flow from investing	activities		(55,538)	(116,552)
Net (decrease) Iincrease in	cash and cash equivalents		(51,160)	(216,162)
Cash and cash equivalents	at 31 March 2020		144,290	360,452
Cash and cash equivalents	at 31 Nlarch 2021		93,130	144,290
Cash and cash equivalents	consists of:
Cash at bank and in hand			93,130	144,290
Short term deposits
Cash and cash equivalents	at 31 March 2021		93,130	144,290

GRANTS RECEIVED	2021	2020
	6
Coventry City Council	50,000
Arts Council	285,000
General Fundraising	75,000	10,000
Apprentice grant Covid19 grants	75,887	1,000
	485,887	11,000

THEATRE INCOME
Ticket sales and box office		41,739
Theatre hire	25,305	190,206
Bar income	295	69,028
Icecream sales		4,111
Tuck shop sales Boxoffice ticket charge Ticket levy	740 107	15,157 13,695 32,731
	26447	366667

OTHER INCO IIIE
Other income Csr Park income Consultancy fee contribution	387	3,222 1,104 5,000
	387	9,326

f	f	or the year e	nded 31 March 2021
OPERATION OF THEATRE			2021 5	2020 8
Bar purchases ice cream purchases Tuck shop purchases Direct show costs			1,202 213	32,278 2,912 6,934 2,209
Operating expenses: Establishment Consultancy and staff costs Marketing and website Communication and IT			133,549 225,757 4,929 7,303	165,078 232,960 22,257 15,086
Electrical repairs and maintenance Building work and security Legal and surveyors fee Sundries			3,242 817 1,027	11,978 19,672 5,040 2,566
Depreciation Bad debt Bank Charges BoxOffice Costs			33,105 (150) 343 'i1,561	33,806 1,817 957 16,067
Project Manager Fees			13,910
			436,808	571,617
Cost ofcharitable activities, ofwhich ENIL (2020 -ENll	being operation ) was attributable		ofthe Albany Theatre, were f436,808(2020 -5571,617) to restricted funds and F436,808 (2020 -6571,617)was
attributable to unrestricted	funds.
GOVERNANCE COSTS			2021	2020
				E
Accountancy and Examination Professional Fees		fees	2,100 5,309	2,000 1,678
			7,409	3,678

No paym	ent ofexpe	nses has been made to Trustees	in the current or preceding year.
STAFF	COSTS		2021	2020
				5
Wages National	and Salaries Insurance	Contributions	207,582 15,033	216,701 12,776
Pension	contributions		3,914	4,083
			226,529	233,560

9.	FIXEDASSETS
	Cost	Equipment E
	At 1 April 2020	691,632
	Additions	55,538
	Dieposals
	31 March 2021	747,170
	Depreciation
	At 1 April 2020	114,661
	Charge for year	33,105
	At 31 March 2021	147,766
	Net Book Value
	At 31 March 2021	599,404
	At 31 March 2020	576,971

Results of	active company
Year ended	31 March 2021	Turnover	Gross Profit	Admin Exgs	Operating Profit	Gift Aid
			8		E	F
Albany Productions		2,585	474	(500)	(26)
Summary	ofbalance sheet
		Fixed	Stock,
		Assets 8	Debtors 8,	Due to	Other	Net
Year ended	31 March 2021	~Pro ities 8	Cash 9	Charity E	Creditors f	Assets E
Albany Productions			7,249	(6,675)	(500)	74

		f	orthe year e	nded 31 March 2021
11.	STOCK				2021	2020
					f	f
	Bsr and food stock				320
12.	DEBTORS
	Trade debtors				534	4,061
	Prepayments and accrued income Amounts due from subsidiary undertakings Other debtors				52,943 6,675 11,201	29,286
					71,353	33,347
13.	CREDITORS:
	Falling Due Within One Year				2021f	2020f
	Trade creditors Other creditors				4,934 4,106	34,233 4,132
	Accruais and deferred	income			43,772	65,469
	Taxation snd social security				3,430	11,806
					56,242	115,640
	Falling Due After One	Year
	Other creditors				22,978	25,238
	Total liabilities				79,220	140,878
	The amount, due other	than by instelments,		falling due after five years	13,937	16,197

				Net	~Lon term
			Fixed Assets	Current Assets	Liabilities	Total
				6		6
Restricted	Funds			922		922
Unrestricted	Income	Fund	599,504	107639	(22,978)	684,165
			599,504	108,561	(22,978)	685,087

		Balance at ~IA II2tl20	Balance at ~IA II2tl20	Income	~002	Balance at 31 III 32021	Balance at 31 III 32021
				6
Extracare Workshop			4				4
Spon Spun Festival Fund			214				214
Whistle	in the Dark Fund		465				465
Playing	with the Bard Fund		139				139
Go and	see grant		100				100
							922

RECONCILIATION OF NET INCONIE	TO	NET CASH FLOW	FROM OPERATING ACTIVITIES	FROM OPERATING ACTIVITIES	FROM OPERATING ACTIVITIES
				2021	2020
				5
Net income for the year				71,257	(83,246)
Interest receivable
Depreciation oftangible fixed assets				33,105	33,806
Loss on disposal oftangible fixed assets (Increase) / Decrease in stock (Increase) / Decrease in debtors (Decrease) /Increase in creditors				(320) (38,006) (61,658)	4,614 4,547 (59,331)
Net cash flow from operating activities				4,378	(99,610)
Changes in net debt
		~lh	112020	0 00	310 ~ 2021
Cash and cash equivalents		144,290		(51,'f60)	93,130
OPERATING LEASES
Total future minimum lease payments	under non-cancellable		operating	leases are as	follows:
					5
Not later than one year Later than one and not later than five Later than five years	years			67,670 270,680 428,577	67,670 270,680 496,247
Net cash flow from operating activities				766,927	834,597