2022-03-31-accounts

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2022

			Page
Reference and administrative details
Report ofthe Directors and Trustees'	Annual	Report
Independent Auditor's report
Consolidated Statement of Financial	Activities		14
Group and Charity Balance Sheet			15
Consolidated Statement ofCash Flows
Notes to the Financial Statements			17

	Registered	Company	number:	07929154(England and Wales)	07929154(England and Wales)	07929154(England and Wales)
	Charity number:			1151595
	Directors:			D.N. Meredilh (Chairman)
				A, Hardy (Vice Chairman)
				L.P. Moore
				A.C. Benfield
				C.D. Arnold (resigned	11	May 2022)
				A.J.Roberts
				S.C Jordan
				Z. Sultana
				I. Knight (resigned 6 April 2021)
				M.R.McCaffrey (resigned		12 May 2021)
				T.Owatemi (appointed	21 April 2021)
				C.Amoakoh (appointed		13April 2022)
				C.D.Thomas (appointed		13Apnl 2022)
.	Chief Exerutive Officer.			K. Shaw
	Registered	office:		Dne Eastwood Harry Weston Road
				Bin)ay Business Park
				Coventry
				West Midlands
				CV3 2UB
	Principal Ofhce:			The Albany Theatre Albany Road
				Coventry
				CV5 6JQ
	Auditors:			Dafferns LLP
				Chartered Accountants
				One Eastwood
				Harry Weston Road
				Binley Business Park
				Coventry
				CV3 2UB
	Bankers:			The Co-operative Bank P0 Box101
				Balloon Drest
				Manchester
				M60 4EP
				Lloyds Bank
				30 High Drest
				Coventry
				CV1 5RE

		for th	e year ended 3	1 March 2022
						Total	Total
			Notes	Unrestricted	Restricted	2022	2021
					2	2
INCOME FROM:
Donations end legacies:
Grants				325,000	300,000	625,000	485,887
Donations				8,554	6,000	14,554	2,753
Charitable Activities:
Operation oftheatre				257,319		257,319	26,447
Other trading activities				172,543		$72,543
Other income				3,416		3,418	387
Total income				766,832	306,000	1,072,832	515,474
EXPENDITURE ON:
Trading activities				85,488		85,488
Charitable activities:
Operation oftheatre			6	548,002	54,924	602,926	436,808
Other:
Governance costs			7	3,950		3,950	7,409
Total expenditure				637,440	54,924	692,364	444,217
Net income /net expenditure		for
the period before	transfers			129,392	251,076	380,468	71,257
Transfer between	funds
hlet movement in funds				129,392	251,076	380.468	71,257
Reconciliation of	funds
Total funds brought	forward			684,639	922	685,561	614,304
Total funds carried	forward		18	814,031	251,998 1,066,029		685,561

			Register	Register	ed No. 0792	9154
GROUP AND	CHARITY	BALANCE	SHEET
	31 March	2022
			~Grou		~Charit
		2022		2021	2022	2021
	Notes				5	5
FIXEDASSETS
Tangible assets Investment	10 11	775,08'I		599,404	775,081 100	599,404 100
CURRENT ASSETS
Stock	12	8,291		320	8,291	320
Debtors	13	31,220		67,283	59,062	71,353
Cash at bank and in hand		511,155		97,348	491,644	93,130
		550,666		164,951	558,997	164,803
Ll*BIUTIES
Creditors falling due within one year		(239,000)		(55,816)	(247,348)	(56,242)
NET CURRENT ASSETS		3'l1,666		109,135	311,649	108,561
TOTAL ASSETSLESS CURRENT LIABILITIES		1,056,747		708,539	1,086,830	708,065
CREDITORS
'-Amounts falling due after more than one year	14	(20,718)		(22,978)	(20,718)	(22,978)
NET ASSETS		1,066,029		685,561	1,066,112	685,087
FUNDS OF THE CHARITY
Unrestricted income fund		814,031		684,639	814,114	684,165
Restricted funds		251,998		922	251,998	922
TOTAL CHARITY FUNDS		1,066,029		685,561	1,066,112	685,087

					Group	Group
					2022	2021
				Notes	9	6
Net cash	flow from operating activities			20	618,048	4,378
Cash flow from Investing		activities
Payments	lo acquire tangible		fixed assets		(204,241)	(55,538)
Net cash flaw fram investing			activities		(204,241)	(55,538)
Net (decrease) Iincrease		in	cash and cash equivalents		413,807	(51,160)
Cash and	cash equivalents		at 31 March 2021		97,348	148,508
Cash and	cash equivalents		at 31 March 2022		511,155	97,348
Cash and	cash equivalents		consists of:
Cash at bank and in hand					511,155	97,348
Short term	deposits
Cash and	cash equivalents		at 31 March 2022		511,155	97,348

PARENT CHARITY STATEME	NT OF FINA	NCIAL ACTIVITIES
				Total	Total
		Unrestricted E	Restricted f	2022 E	2D21
INCOME FROM:
Donations and legacies: Gmnts		325,000	300,000	625,000	485,887
Donations		8,554	6,DDD	14,554	2,753
Charitable Activities:
Operation oftheatre		359,696		359,696	26,447
Other income		61,259		61,259	387
Total Income		754,5D9	306,000	1,060,509	515,474
EXPENDITURE ON:
Charitable activities:
Operation oftheatre Grants paid		548,0D2 72,608	54,924	602,926 72,608	436,808
Other:
Governance costs		3,950		3,950	7,409
Total expenditure		624,560	54,924	679,484	444,217
Net income Inst expenditure the period before transfers	for	129,949	251,076	381,025	71,257
Transfer between funds
Nei movement in funds		129,949	251,076	381,025	71,257
Reconciliation offunds
Total funds brought forward		684,165	922	685,087	613,830
Total funds carried forward		814,114	251,998	1,066,112	685,087

GRANTS RECEIVED			2022	2021
				8
Coventry City Council			300,000	50,000
Arts Council			250,000	285,000
General Fundraising			75,000	75,000
Covid19 grants				75,887
			625,000	485,887
2021 grants received are all attributed	to unrestricted	funds.
THEATRE INCOME
Theatre hire			106,647	25,305
Bar income			60,524	295
ice cream sales			2,085
Tuck shop sales			16,630
Bax office ticket charge			45,005	740
Ticket levy			26,428	107
			257,319	26,447

5.	OTHER	INCOME
	Other incame		1,24D	387
	Outreach	income	2,176
			3,416	387

fa	r the year ended	31 INarch 2022
OPERATION DFTHEATRE			2022	2021
				E
Bar purchases Ice cream purchases Tuck shop purchases Direct show costs			23,828 1,384 8,005 638	1,202 213
Operattng expenses: Establishinent			154,331	133,549
Consultancy and staff costs Marketing and website Communication and IT			262,217 33,269 10,742	225,757 4,929 7,303
Technical			11,935
Electrical repairs and maintenance Building wark and security PPL Licence			4,844 967	3,242 817
Professional fee			1,697
Sundries			743	1,027
Depreciation Bed debt			28,564	33,105 (150)
Bank Charges BoxOffice Costs			495 16,257	343 11,561
Project Manager Fees Outreach costs			39,990 3,020	13,910
			602,926	436,808
2021 expenditure is all attributed	to unrestricted	funds.
GOVERNANCE COSTS			2022	2021
				9
Accountancy and Examination Prafessianal Fees	fees		3,950	2,100 5,309
			3,950	7,409

No paym	ent ofexpe	nses has been made toTrustees	in the current or preceding year.
STAFF	COSTS		2022	2021
			E
Wages National	and Salaries insurance	Contributions	234,876 14,554	207,582 15,033
Pension	contributions		4,683	3,914
			254,113	226,529

for the	year ended 31 March 2022
STAFF COSTS cont...		2022	2021
Average number ofstaff		14	15
Full Time equivalent		12	8.5
No employee received remuneration	off60,000or more.

10.	FIXEDASSETS
	GROUP and CHARITY
	Cost
	At 1 April 2021	747,170
	Additions	204,241
	Dispossls
	31 March 2022	951,411
	Depreciation
	At 1 April 2021	147,766
	Charge for year	28,564
	At 31 March 2022	176,330
	Net Soak Value
	At 31 March 2022	775,081
	At 31 March 2021	599,404

Results of	active company
Year ended	31 March 2022	Turnover f	Gross Profit	Admin ~Ex s	Operating Lossf
Albany Productions Limited		245,151	74,228	74,285	(57)
Summery	ofbalance sheet
		Debtors 6	Due ta	Other	Net
Year ended	31 March 2022	Cashf	Charity	Creditors f	Assets f
Albany Productions Limited		28,099	(27,842)	(240)	17

	f	orthe year ended 3	1 March 2022
12.	STOCK		Group 2022	2021	Charity 2022	2021
			5	5
	Bar and food stock		8,291	320	8,291	320
13.	DEBTORS
	Trade debtors Prepayments and accrued income Amounts due from subsidiary undertakings Other debtors		'i,248 29,972	534 52,943 11,201	1,248 29,972 27,842	534 52,943 6,675 11,201
			31,220	67,283	59,062	7'i,353
14.	CREDITORS:
	Falling Due Within One Year
	Trade creditors Other creditors		60,778 10,327	4,934 4,106	60,538 10,327	4,934 4,106
	Accruals and deferred income Taxation and social security		153,060 14,835	43,772 3,004	153,060 23,423	43,772 3,430
			239,000	55,816	247,348	56,242
	Amounts falling due after mora than one year
	Other creditors		20,718	22,978	20,718	22,978
	Total liabilities		259,718	78,794	268,066	79,220
	The amount, due other than by instalments, falling due after five years		11,677	13,937	11,677	13,937

				Net	~Lon term
			Fixed Assets	Current Assets	Liabilities	Total
						6
Reshicted	Funds		172,171	79,827		251,998
Unrestricted	Income	Fund	602,910	231,839	(20,718)	814,031
			775,081	311,686	(20,718)	1,066,029

		Balance at	Balance at				Balance at
		1	ril 2021	Income	~E*	cs	31 March 2022
				6
Extracare Workshap			4				4
Spon Spun Festival Fund			214				214
Whisde	in the Dark Fund		465				465
Playing	with the Bard Fund		139				139
Ga and	see grant		100				100
Cadbury Coventry	Fund —Outreach City Council capital	grant		6,000 300,000	(4,075) (50,849)		1,925 249,151
			922	306,000	(54,924)		251,998