Charity Accounts Intelreading the accounts so you don’t have to

THE ALBANY 2001 COMPANY

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

Get email alerts for this charity

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.

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.

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).

Trustees

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

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
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?

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.