The Albany 2001 Company

Analysis

The Albany 2001 Company is a registered charity in England and Wales, based in London. It was registered in December 2005, 21 years ago. Its declared purposes cover arts/culture/heritage/science and economic/community development/employment, which this site groups under arts, culture, heritage and science. Legally it is a charitable company (Companies House number 04333098). It says it provides buildings/facilities/open space, provides services and provides advocacy/advice/information.

In the financial year ending March 2025, The Albany 2001 Company reported income of £2.5m and spending of £2.8m, spending 116% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income fell from £3.6m to £2.5m (-32%), an average of -9.2% a year. The sharpest change came in the year to March 2024, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 17,634 England and Wales charities whose main cause is arts, culture, heritage and science and that reported income, The Albany 2001 Company sits at the 97th percentile: it is larger than about 97% of them. Against every charity in England and Wales with reported income it ranks in the 97th percentile. Charities of a similar size with the same main cause include The Ufton Court Educational Trust (£2.5m), Hull Truck Theatre Company Limited (£2.5m) and National Maritime Museum Cornwall Trust (£2.4m).

In its latest detailed accounts, income came from charitable activities 86% and donations and legacies 14%. Charitable activities took 95% of spending and raising funds 4.1%. Reserves of £249k would cover about 1 months of spending at that rate. It employed 39 people.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.