THE ALBANY 2001 COMPANY

Registered charity 1112521 · accounts filings on the Charity Commission register · also known as THE ALBANY

Promoting the arts, education, equality & diversity through a programme of culturally diverse arts events and projects Providing facilities including serviced accommodation & community rooms for independent projects, local groups & individuals whose aims include the arts, health care, education

Causes: Arts/culture/heritage/science · Economic/community Development/employment · website · Get email alerts

Latest income

£2.5m

Latest spending

£2.8m

Registered

2005

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity ended the year with a net outgoing resource of £393,410 and unrestricted general reserves of £380,426. The trustees report that these reserves are below the stated policy target range of £298,700 to £451,347, acknowledging the shortfall and noting a strategy is in place to return reserves to the agreed banding.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £80,001 - £90,000 — above the median for charities its size (£70k)

“1 employee earned between £80,000 and £90,000 in the year 2025” — page 30

Per its FY2025 accounts as filed with the Charity Commission.

Employees paid over £60,000: 1

“1 employee earned between £80,000 and £90,000 in the year 2025” — page 30

Per its FY2025 accounts as filed with the Charity Commission.

Reserves policy: three months average core expenditure (held: £380k)

“To establish the Unrestricted General Fund Free Reserves target range between £298,700 and £451,347 averaging at £375,000 for the year. This equates to three months average core expenditure at the upper end and risk assessed income losses at the lower end.” — page 15

Per its FY2025 accounts as filed with the Charity Commission.

Related-party transaction: Upswing ltd, a company connected to Trustee Vicki Amedume, received payments for services.

“Vicki Amedume, Artistic Director of the Albany and a Director of Upswing ltd. Upswing ltd was paid £3,000 (2024 - £4,800) for services provided to the Albany.” — page 30

“£2,580 of freelance shifts were paid to Jack Fox who is the partner of the Head of Operations.” — page 30

Per its FY2025 accounts as filed with the Charity Commission.

Related-party transaction: Payments made to Jack Fox, partner of the Head of Operations, for freelance shifts.

“Vicki Amedume, Artistic Director of the Albany and a Director of Upswing ltd. Upswing ltd was paid £3,000 (2024 - £4,800) for services provided to the Albany.” — page 30

“£2,580 of freelance shifts were paid to Jack Fox who is the partner of the Head of Operations.” — page 30

Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP. Discloses 6 of 6 completeness components.

Year-over-year changes

Top pay band moved from £100,001 - £110,000 (FY2024) to £80,001 - £90,000 (FY2025).

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2025)

Total income

£2.5m

Total spending

£2.8m

Cost of raising funds

£117k

Reserves (reported)

£249k

Employees

39

Reported reserves equal ~1.1 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (86% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 4.8% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Michelle Mathersonchair
Addison Devlin
David Bedi
Janice White · trustee of 1 other charity
Kerry Haxby-Dean
LISA MEAD · trustee of 1 other charity
Ono Dafedjaiye
Ronald Savill

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year end	Income	Spending
31/03/2025	£2.5m	£2.8m
31/03/2024	£2.2m	£2.7m
31/03/2023	£3.6m	£4.3m
31/03/2022	£3.6m	£3.4m
31/03/2021	£3.6m	£2.6m

Common questions

Is THE ALBANY 2001 COMPANY financially healthy?

Per its FY2025 accounts: The accounts state that the charity ended the year with a net outgoing resource of £393,410 and unrestricted general reserves of £380,426. The trustees report that these reserves are below the stated policy target range of £298,700 to £451,347, acknowledging the shortfall and noting a strategy is in place to return reserves to the agreed banding. Its FY2025 accounts were audited by Moore Kingston Smith LLP.

What does the highest-paid employee of THE ALBANY 2001 COMPANY earn?

Per its FY2025 accounts, the highest-paid employee was in the £80,001 - £90,000 band, and 1 employees earned over £60,000.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

Funder	Date	Amount	Purpose
Sport England	30/01/2026	£5k	Meet Me on the Dancefloor
The Mercers' Company	07/05/2025	£90k	Grant to The Albany 2001 Company
City Bridge Foundation	09/03/2025	£339k	Grant to The Albany
The National Lottery Community Fund	04/08/2023	£8k	MH - Come As You Are
UK government	13/12/2021	£179k	National Portfolio Organisations
UK government	13/12/2021	£132k	National Portfolio Organisations
City Bridge Foundation	06/12/2021	£98k	Grant to The Albany
Greater London Authority	01/12/2020	£15k	Grant to The Albany
Greater London Authority	01/01/2020	£143k	The Albany
The National Lottery Community Fund	15/03/2019	£1.5m	Fun Palaces - Making a Difference Together.
The National Lottery Community Fund	22/02/2019	£10k	The Albany Community Garden
The National Lottery Community Fund	22/11/2018	£386k	The Albany, Lewisham Young People's hub
The National Lottery Community Fund	07/06/2018	£50k	Fun Palaces - growing our links, building our future.
City Bridge Foundation	22/12/2015	£2k	Grant to The Albany
City Bridge Foundation	28/01/2015	£2k	Grant to The Albany
The National Lottery Community Fund	16/06/2009	£279k	Albany Step Up Project
The National Lottery Community Fund	20/01/2009	£6k	Hear and Now

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
THE GOLSONCOTT FOUNDATION	2	£30k
JOHN LYON'S CHARITY	1	£150k
BACKSTAGE TRUST	1	£100k
THE FREELANDS FOUNDATION LIMITED	1	£35k
JERWOOD FOUNDATION	1	£30k
HAMMERSMITH UNITED CHARITIES	1	£21k
THE MARTIN BOWLEY CHARITABLE TRUST	1	£20k
POLDEN PUCKHAM CHARITABLE FOUNDATION	1	£20k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with CONTAINS ART CIO.

CONTAINS ART CIO income £330k
NEWCASTLE ARTS CENTRE TRUST LTD income £175k
THE OLD ALBANIAN SPORTS ASSOCIATION LIMITED income £1.1m
ALTERNATIVE THEATRE COMPANY LIMITED income £2.7m
TALL STORIES THEATRE COMPANY LIMITED income £2.9m
PROMOTING ECONOMIC PLURALISM income £106k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
THE ALBANY 2001 COMPANY	£2.5m	£80,001 - £90,000	1	unclear	—	no doubt
CONTAINS ART CIO FY2025	£330k	Under £60,000	0	above	—	no doubt
NEWCASTLE ARTS CENTRE TRUST LTD FY2025	£175k	—	0	unclear	—	no doubt
THE OLD ALBANIAN SPORTS ASSOCIATION LIMITED FY2025	£1.1m	—	0	below	—	noted
ALTERNATIVE THEATRE COMPANY LIMITED FY2025	£2.7m	Greater than £60,000	1	below	—	no doubt
TALL STORIES THEATRE COMPANY LIMITED FY2025	£2.9m	—	0	above	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.