## |||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| ## ## ## ## ## ##