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2025-07-31-accounts

Docusign Envelope ID EE3ED746-A779-483B-9505-9C826BEFA747 Financial Statements 2024-25 BLACKHEATH HALLS A registered Charity and Company Limited by Guarantee Company Registration No. 01745553 Charity No. 287589

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

COMPANY INFORMATION FOR THE YEAR ENDED 31 JULY 2025 ……………………….…………………………….2 TRUSTEES’ REPORT………………………………………………………………………………………………………………………3–15 INDEPENDENT AUDITOR’S REPORT TO MEMBERS AND TRUSTEES OF THE BLACKHEATH HALLS….16–20 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES……………………………………………………………….…..21 CONSOLIDATED AND CHARITY BALANCE SHEETS…………………………………………….……………………………….22 NOTES TO THE FINANCIAL STATEMENTS……………………………………………………………………………….……23–36

Cover image: Blackheath Halls Gospel 2024 ©Jemima Yong

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Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

COMPANY INFORMATION FOR THE YEAR ENDED 31 JULY 2025

Trustees Professor Anthony Bowne (Chair)
Dr Aleksander Szram
Peter Hearn
Dr Ji Liu
Jonathan Peel MBE
Ralph Sanders
Francesca Robinson (Deputy Chair)
Ailish Tynan
Director of Blackheath Halls Gemma Okell
Secretary Dean Surtees
Company Number 01747753
Charity Number 287589
Registered Office Trinity Laban
King Charles Court
Old Royal Naval College
King Willam Walk
London
SE10 9JF
Independent Auditor Grant Thornton UK LLP
17thFloor
103 Colmore Row
Birmingham
B3 3AG
Bankers Lloyds Bank
PO Box 1000
Andover
BX1 1LT

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BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT

The directors, who are also trustees of The Blackheath Halls (BHH), present their report and the audited financial statements of the Charity for the year ended 31 July 2025.

The Directors of the Charitable Company are also Trustees of the Registered Charity as provided under the Charities Act 2011 and, in submitting their annual report and audited financial statements for the year ended 31 July 2025, confirm that they have complied with the duty of the Charity Commission Guidance to have due regard to the general guidance on public benefit.

Directors’ indemnities and liability insurance

Trinity Laban, the parent company, maintains employers’ liability and professional indemnity insurance for its Directors and Officers. These indemnities are capped at £5,000,000 for any one claim and in the aggregate except for pollution where cover is limited to £1,000,000 in the aggregate and are in relation to certain losses and liabilities which they may incur to third parties in the course of acting as a Director or Officer of the Company or any of its associated companies. Neither the indemnity, nor insurance cover provides cover in the event a Director or Officer is proved to have acted fraudulently or dishonestly. The indemnity is categorised as a ‘qualifying third-party indemnity’ for the purposes of the Companies Act 2006 and was in place during the 2024-25 financial year and will continue in force for the benefit of Directors and Officers on an ongoing basis.

Objectives and Activities

The Blackheath Halls is a registered Charity focusing on advancing education by the encouragement of music and the arts.

Blackheath Halls is run as a venue for the performing arts, offering public benefit through its programme of activities providing:

In addition, Blackheath Halls is committed to maintaining and enhancing the venue as a Grade 2 listed building, ensuring it remains relevant and equipped as a centre for the delivery of the arts, whilst respecting its heritage status.

Our vision is to continue building our reputation as a distinctive multi art-form organisation; a successful, versatile and welcoming performance venue, inspired by - and serving - our local communities.

The organisation’s Strategic Plan 2024 – 2029 outlines our current ambitions, focusing on making the most of facilities that have been improved through capital investment over the past ten years, increasing and diversifying audiences and offering a programme and experience of the highest standard to everyone who visits BHH.

BHH’s strategic objectives over the period of this plan are to:

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

Achievements and Performance

Events and Attendance Figures

Achievements and Performance
Events and Attendance Figures
Live Performances, rehearsals and other activities 991 Nearly three a day
Attendance at live events 61,776 Another record for Blackheath Halls
Active community engagementparticipants 1,895 Of all ages and backgrounds
Online engagement 7,100 Worldwide

In 2024/25, Blackheath Halls had the pleasure of welcoming 61,776 people to 991 live performances, rehearsals and other activities.

This included 175 performances (the majority of which were programmed directly by Blackheath Halls or Trinity Laban) with ticketed audiences of 31,696, and 216 participatory sessions run at Blackheath Halls, schools and other local venues as part of our Community Engagement programme, engaging 1,895 active participants of all ages and backgrounds.

All of these figures are increases on the already high level of activity which took place in 2023/24, thanks to careful scheduling of events and growing relationships with audiences and hirers. A second year of Big Give/Childhood Trust funded activity enabled us to offer more sessions specifically aimed at young people, resulting in a doubling of young people engaged this year compared with last.

Another 7,100 people viewed online content previously created by Blackheath Halls, the only area of decreased engagement in the year, as we have not generated new content as we have been focusing on live events. Overall, a total of 68,876 people engaged with the arts through the organisation.

Programme Highlights

Highlights of the professional performance programme included:

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

The Elmer Adventure Family Workshop April 2025 ©Tall Stories

Highlights of the Community Engagement Programme included :

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

Young Musicians Day Drumming workshop 2025 ©Jemima Yong

‘I attended the recent taster session and absolutely loved it - the atmosphere was welcoming, the teaching was fantastic, and the enthusiasm of the staff was truly infectious. It made me feel that even as a complete beginner, I could be part of something exciting and meaningful. I’m eager to learn more’ Opera taster session participant

‘This is a very important part of my social and cultural year. It is a chance to enjoy from inside some of the most beautiful music ever written, to be part of a diverse group of people working towards an inspiring goal. It’s just wonderful!’ Regular opera participant

Highlights of Trinity Laban’s programme included:

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

Trinity Laban Opera 25: Il ritorno d'Ulisse in patria ©Megan lp

Highlights of the external hires programme included:

‘I am so grateful for your excellent service on our Awards Evening. It was an unforgettable night enjoyed by all of my team, and your outstanding service played a pivotal role in making it a success.’ Hirer for private event

‘I just wanted to say thank you so much to you and all the staff at Blackheath halls who helped ensure mum’s celebration of life afternoon went ahead without an issue. All the staff were so caring, understanding, helpful and efficient. Please pass on our thanks and gratitude. Everyone commented on what a lovely venue it was and a very fitting tribute’ Hirer for private event

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

Other developments and achievements

Our overarching focus has been on making the most of facilities that have been improved through capital investment over the past ten years, increasing and diversifying audiences and offering a programme and experience of the highest standard to everyone who visits BHH.

A permanent staff Away Day took place in August to discuss Strategic Plan actions for the year and draft KPIs, which were subsequently approved by the Board, and have steered our work this year. We have reached or exceeded target in eight of our 11 ambitious Key Performance Indicators, with achievements including an increase in audience numbers, hires income, and Global Majority artists, participants and audiences.

We have also managed to increase the number of events happening outside Blackheath Halls, at schools and other venues, and immediately outside the building. We continue to receive positive comments about the improvements to the landscaping and planting at the front of the building funded last year by the Hearn Foundation, which has also encouraged passersby to come in to find out more about the organisation, and sign up to the e-mailing list.

Trinity Laban changed their artistic leadership structure this year, fully integrating the Dance, Music and Musical Theatre departments for the first time. Paired with a rebrand highlighting the unique qualities of TL, new partnerships, a new Honorary President, and a focus on public facing activities, this has had a positive impact on the programme at Blackheath Halls. Additionally, we made the transition from Artifax to Celcat as our main diary system during the year, bringing us in line with other Trinity Laban spaces.

We have continued regular meetings of our Development Committee chaired by Trustee Francesca Robinson who have advised on all areas of fundraising strategy. We have largely retained our existing donor base and Platinum Patrons, and reached some new Friends and Patrons, whose contributions all support our community engagement activity. For the opera we additionally secured a sponsorship package with Grant Saw Solicitors, Rectory Court and Leah Lodge for the Gala Night, and with Judge & Priestley for Opera opening night reception. We successfully applied for Arts Council England funding for the first time in several years, which has enabled us to commission a new translation of our 2025 opera Iphigenia in Tauris, as well as run additional taster session for the adult and youth companies.

Opera Gala Night May 2025

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

A special pre-Christmas event launched our Big Give campaign, including a short performance by the youth choir seniors and Ailish Tynan, conducted by Trinity Laban student and youth choir trainee Dorothy Whyte-Venables. A brass quintet performed as Friends and donors arrived, under the impressive Christmas tree kindly donated by The Hearn Foundation, making the most of our newly developed outdoor space. We exceeded our £30k target (compared with £20k last year) for work with young people, with thanks to The Childhood Trust, The Smillie Family Trust, The Peter and Teresa Harris Charitable Trust and over 100 generous donors.

Youth Choir singing at Big Give Launch 2024 Brass ensemble playing Big Give Launch 2024

We receive no core funding from Arts Council England or our local authorities, so we are particularly grateful for the essential support of various trusts and foundations this year. These include The Hearn Foundation, Arts Council England Lottery Grants, The Samuel Gardner Memorial Trust, The Peter and Teresa Harris Charitable Trust, The Smillie Family Trust, Lucille Graham Trust, The Radcliffe Trust, The Childhood Trust and local Greenwich Ward councillors.

As outlined in the Community Engagement Programme section above, we have been putting those funds to good use, more than doubling the number of young people we have reached in the year, as well as increasing participation substantially by hard to reach groups, those on pupil premium, those who receive little or no music provision at school, and those from Global Majority backgrounds.

We are developing our theory of change to better evidence the impact of our Community Engagement programme, and its three main social objectives:

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

We have worked with the permanent staff team, front of house staff EDI group and Black Lives in Music to make progress on our EDI plan this year. Improvements include offering more and better access seats, joining the Nimbus scheme enabling audience members with disabilities to book online for the first time, hosting our first relaxed performances, and creating a Visual Guide to Blackheath Halls, in consultation with specialist schools teachers and parents.

We continue to implement Theatre Green Book guidance for opera productions, and are continuing the process of replacing lighting throughout the building to LEDs.

“I would say it was our most professional yet – and many on my tables thought it was the best on every level. Certainly the food was up a notch from the usual fare too. How wonderful to sit in the Hall being entertained at the highest level, surrounded by enthusiastic friends and community. It’s hard to beat and a brilliant achievement.” Opera Gala Night attender

Blackheath Halls Opera 2024 Cavalleria Rusticana ©Craig Fuller

Our thanks

The Board extends thanks to everyone who has contributed to Blackheath Halls’ success this year; staff, volunteers, artists, students, hirers, donors, audiences and partners. Without you, Blackheath Halls would not exist.

We acknowledge and appreciate the substantial investments made in capital development by the Hearn Foundation, which have transformed the building inside and out, and enhanced the experience for all who engage with the organisation.

We appreciate the skills and external perspective bought by the Development Committee, and thank them, and in particular Ailish Tynan, our Opera Patron.

We thank the Friends, Patrons and Platinum Patrons of Blackheath Halls for their vital donations towards the community engagement programme, and to other Trusts and Foundations and individuals who have invested their money and belief in the organisation this year.

We were fortunate to be able to present Matthew Rose and the Cuddigan Oliver Trust’s memorable event in December, in recognition of the importance of Sir Stephen Oliver to the organisation. We have since sadly lost two other individuals who have contributed greatly to Blackheath Halls over many years - Tom Butler and Richard Dinkeldein. Tom programmed lunchtime concerts and championed up and coming musicians here for over 20 years. Richard was Treasurer of the Friends

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

of Blackheath Halls when they were a stand-alone organisation, programmed wine tasting events and coordinated Blackheath Art Society’s annual exhibition. We are incredibly grateful for their invaluable contributions, and will miss them very much.

Financial Review

At the end of the 2024/25 financial year, the Halls generated a deficit of £(145,252) compared to an overall surplus of £164,792 in the previous year.

This was better than originally budgeted, thanks to increased ticket sales and strong hirings income.

Although turnover at the bar was higher than anticipated, there was a slight reduction in overall contribution, largely due to increased staff costs in line with minimum and living wage levels, and rapid inflation on material costs.

Community Engagement income against expenditure was down on budget, this is partly a timing issue, due to Arts Council funding received and largely spent in 2024/25, but not showing in this year’s accounts as the opera production itself does not take place until September.

We had to pay an unbudgeted outstanding amount as the final payment for 2023/24’s landscaping project.

We also received two major legacy donations in 2023/24, resulting in a substantial surplus last year that has not been duplicated this year.

With a new Finance Officer having been in post since March 2024 we have been able to keep a much tighter grip on debtors and creditors this year, with associated improvements to our cash reserves.

Reserves policy

Reserves are classified as restricted or unrestricted. Restricted reserves include balances where the donor has designated a specific purpose and therefore The Blackheath Halls is restricted in the use of these funds. A transfer of funds from restricted to unrestricted reserves is carried out once restriction has been discharged. Excluding the revaluation reserve there are currently unrestricted reserves of £2,601,681 (2023/24: £2,733,148).

Note 1a ii and iii shows the Charity has adequate resources to enable operations in the foreseeable future.

Reserves are maintained at a level that enables Blackheath Halls to manage financial risk and shortterm income volatility. They allow the Charity to ensure that financial commitments can be met as they fall due. In practice, this means the board considers that the Blackheath Halls should maintain cash reserves equivalent to 3 months’ expenditure, less depreciation. In 2024/25 the equivalent of three months’ expenditure equated to £310,350 whereas cash stood at £370,820 at 31 July 2025, which is slightly higher than our policy requires. We envisage additional essential cash investment in the building infrastructure in 2025/26.

Risk management

The major risk exposures are as follows:

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Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

Going Concern

With the letter of support provided by the parent entity, the Board do not consider there to be any material uncertainty over the ability of the charity to continue as a going concern for the foreseeable future, being for a period of at least twelve months after the date on which the report and financial statements are signed. The accounts have therefore been prepared on a going concern basis. The Directors have reviewed the short to medium-term financial outlook for Blackheath Halls, including income, expenditure and cashflow forecasts. This has been done in the knowledge of historic performance and trends, as well as the pipeline of bookings and events for the remainder of 2025-26 and for 2026-27. These project operating deficits in each year, but a net cash inflow in both 2025-26 and 2026-27. Excluding the revaluation reserve, currently there are unrestricted reserves of £2,601,681 (2023-24: £2,733,148).

Future Strategy

We have now completed our first full year of our current Strategic Plan 2024-2029, approved in March 2024. This focuses on making the most of our new facilities, offering a programme and experience of the highest standard to everyone who visits BHH.

BHH’s strategic objectives over the period of this plan are to:

The plan outlines key actions to achieve these priorities and continues to steer the organisation’s direction and plans.

Areas where we have made progress over the past year include:

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

Next year we will continue to make progress on these areas, and additionally start to make progress in the following areas:

We are also giving further consideration to the long-term sustainability of the organisation, including ensuring our current estate continues to be fit for purpose, and whether there is an opportunity for expansion to deal with the over-demand on our spaces at popular times, and to generate further earned income from hires.

Structure, Governance and Management

Governing Document

The Blackheath Halls is a company limited by guarantee governed by its Articles of Association and registered as a charity with the Charity Commission. Blackheath Halls is a wholly owned subsidiary of Trinity Laban Conservatoire of Music and Dance.

Related parties

The Charity owns and operates a wholly owned trading subsidiary, BCH Enterprises Limited, which is registered in England, Registered No. 02642177.

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

Organisation

The Board of Trustees oversee the business of the Charity, delegating day to day management to the Director, to implement the adopted policy and strategy, within a budget approved by the Trustees and the parent company. The Director's role description outlines the extent of her authority. The Director reports regularly to the Trustees on the activities undertaken and the financial position of the Charity.

Effective resolutions

Elective resolutions have been passed for the purposes of:

Appointment of Trustees/Directors

As set out in Articles of Association, there are eight trustees of the Blackheath Halls, five trustees are nominated by Trinity Laban Conservatoire of Music and Dance and three are nominated by the Hearn Foundation. Where a vacancy arises Trinity Laban or the Hearn Foundation will nominate a replacement to serve as a trustee.

Directors are also Trustees of the Charity. In 2016–17, following an agreement with Hearn Foundation to provide a grant of £1.85m, a new governance arrangement was put in place whereby The Blackheath Halls Board changed to four Trustees from Trinity Laban Conservatoire of Music and Dance and three Trustees who are either trustees of:

This was amended in 2023 to allow for an extra trustee nominated by Trinity Laban.

As of 31 July 2025, the Board consisted of Professor Anthony Bowne (chair), Francesca Robinson (Deputy Chair), Peter Hearn, Dr Ji Liu, Jonathan Peel MBE, Ralph Sanders Dr Aleksander Szram, and Ailish Tynan (Blackheath Halls Opera Patron).

Director induction and training

New Directors meet the Chair of Blackheath Halls and key employees who brief them on:

Tours of the Halls and other Conservatoire facilities are arranged, and Trustees are invited to attend appropriate events and workshops where these may better facilitate the undertaking of their role.

Trustees' responsibilities statement

The Trustees (who are also directors of The Blackheath Halls for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

TRUSTEES’ REPORT (CONTINUED)

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to the auditor

The Trustees confirm that:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS102 Section 1A - Small Entities.

By Order of the Board

Professor A. Bowne Chair of Trustees

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BLACKHEATH HALLS

For the year ended 31 July 2025

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BLACKHEATH HALLS

Opinion

We have audited the financial statements of The Blackheath Halls (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 July 2025, which comprise the Consolidated Statement of Financial Activities, Consolidated and Charity Balance Sheets and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102; The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We have been appointed as auditor under the Companies Act 2006 and report in accordance with regulations made under that Act. We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the ‘Auditor’s responsibilities for the audit of the financial statements’ section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We are responsible for concluding on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group’s and the parent charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify the auditor’s opinion. Our conclusions are based on the audit evidence obtained up to the date of our report. However, future events or conditions may cause the group or parent charitable company to cease to continue as a going concern.

In our evaluation of the trustees’ conclusions, we considered the inherent risks associated with the group’s and parent charitable company’s business model including effects arising from macroeconomic uncertainties such as increasing inflation and geopolitical uncertainties, we assessed and challenged the reasonableness of estimates made by the trustees and the related disclosures and

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BLACKHEATH HALLS (CONTINUED)

analysed how those risks might affect the group’s and parent charitable company’s financial resources or ability to continue operations over the going concern period.

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s and parent charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Financial Statements, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the Financial Statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matter on which we are required to report under the Companies Act 2006

In the light of the knowledge and understanding of the group and parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors’ Report included in the Trustees' Report.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

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THE BLACKHEATH HALLS For the year ended 31 July 2025

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BLACKHEATH HALLS (CONTINUED)

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement set out on page 12, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and the parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BLACKHEATH HALLS (CONTINUED)

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BLACKHEATH HALLS (CONTINUED)

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Jim McLarnon ACA Senior Statutory Auditor for and on behalf of Grant Thornton UK LLP Statutory Auditor, Chartered Accountants Birmingham

28/11/2025

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THE BLACKHEATH HALLS

For the year ended 31 July 2025

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

Notes
Income From:
Donations and Legacies
2
Charitable Activities:
Operation of Blackheath Halls
3
Other Trading Activities
6
Total Income
Expenditure on:
Raising Funds
7
Charitable Activities:
Operation of Blackheath Halls
8
Other Trading Activities
9
Total Expenditure
Transfer Between Reserves
Reconciliation of Funds
Total Funds Brought Forward
15
Total Funds Carried Forward
Net (Expenditure)/Income
Net Movement in Funds		 Unrestricted
Funds
Restricted
Funds Total Funds Total Funds
2025
2025
2025
2024
£
£
£
£
97,075
77,116
174,191
465,972
668,220

70,882
739,102
671,087
371,425
-
371,425
308,286
1,136,720
147,998
1,284,718
1,445,345
100,896
-
100,896
102,297
927,658

206,811
1,134,469
1,022,081
194,605
-
194,605
155,995
1,223,159
206,811
1,429,970
1,280,373
(86,439)
(58,813)
(145,252)
164,972
(53,320)
53,320
-
-
(139,759)
(5,493)
(145,252)
164,972
4,051,541
5,493
4,057,034
3,892,062
3,911,782
-
3,911,782
4,057,034

The notes on pages 23 to 36 form part of the financial statements.

21

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

CONSOLIDATED AND CHARITY BALANCE SHEETS

Company Registration no: 01747753
Note
Fixed Assets
Tangible Assets
11
Investments
Current Assets
Stock
Debtors
12
Cash at Bank and in Hand
13
Net Current Liabilities
Total Assets less Current Liabilities
14
Total Net Assets
Total Unrestricted Funds
15
Total Restricted Funds
15
Total Charity Funds
Creditors: Amounts Falling Due
Within One Year
Creditors: Amounts Falling Due
After More Than One Year		 Group
Group
Charity
Charity
2025
2024
2025
2024
£
£
£
£
5,389,283
5,565,855
5,381,727
5,556,623
-
-
2
2
5,389,283
5,565,855
5,381,729
5,556,625
8,842
11,504
-
-
31,350
97,137
21,841
53,334
370,820
249,343
232,903
141,507
411,012
357,984
254,744
194,841
(896,008)
(849,300)
(740,505)
(686,001)
(484,996)
(491,316)
(485,761)
(491,160)
4,904,287
5,074,539
4,895,968
5,065,465
(992,505)
(1,017,505)
(992,505)
(1,017,505)
3,911,782
4,057,034
3,903,463
4,047,960
3,911,782
4,051,541
3,903,463
4,042,467
-
5,493
-
5,493
3,911,782
4,057,034
3,903,463
4,047,960

The financial statements were authorised and approved by the board and signed on its behalf by:

A. Bowne Trustee

27/11/2025

The notes on pages 23 to 36 form part of the financial statements.

22

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

1. Accounting policies

The principal accounting policies, judgements and key sources of estimation uncertainty in the preparation of the financial statements are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year in dealing with items which are considered material in relation to the financial statements.

a) Basis of accounting

b) Going concern

With the letter of support provided by the parent entity, the Board do not consider there to be any material uncertainty over the ability of the charity to continue as a going concern for the foreseeable future, being for a period of at least twelve months after the date on which the report and financial statements are signed. The accounts have therefore been prepared on a going concern basis. The Directors have reviewed the short to medium-term financial outlook for Blackheath Halls, including income, expenditure and cashflow forecasts. This has been done in the knowledge of historic performance and trends, as well as the pipeline of bookings and events for the remainder of 2025-26 and for 2026-27. These project operating deficits in each year, but a net cash inflow in both 2025-26 and 2026-27.

Amounts due to Trinity Laban Conservatoire of Music and Dance and BCH Enterprises Limited include £1,549,665 (2024: £1,612,290). The Directors have received written assurances from the Board of Trinity Laban Conservatoire of Music and Dance that it will not seek repayment of this outstanding balance from 12 months of the date of signing the financial statements.

c) Basis of preparation

The consolidated accounts include the results of the Charity and its subsidiary, BCH Enterprises Limited. In the Charity's accounts the investment in the subsidiary is stated at cost. A separate Statement of financial activities and Income and Expenditure account for the Charity can be found in note 4. The Blackheath Halls is a charity and the financial statements are presented in Sterling (£).

23

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

d) Income

Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Income from government and other grants, is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Grants, donations and other income are allocated to individual restricted funds if a restricted use is specified on receipt. If not specified, they are allocated to the unrestricted funds. Income received in advance of a performance or provision of other specified service it is deferred until the criteria for income recognition is met.

e) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charity’s work or for specific projects being undertaken by the Charity.

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Fixed assets

Tangible fixed assets are stated at cost. Depreciation is provided at rates estimated to write off the costs of tangible fixed assets by equal instalments over their anticipated useful lives. The leasehold buildings and land were reapportioned in the year ended 31 July 2018 between freehold and leasehold land and buildings.

Depreciation rates are as follows:

24

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

Eve, is retained subject to the requirement to test assets for impairment in accordance with FRS102.

h) Stock

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the consolidated statement of financial activities.

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

j) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

k) Creditors

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Employee benefits

Short term employment benefits such as salaries and compensated absences are recognised as an expense in the year in which the employees render service to the Charity. Any unused benefits are accrued and measured as the additional amount the Charity expects to pay as a result of the unused entitlement.

m) Accounting for retirement benefits

The Blackheath Halls participates in one pension scheme, the National Employment Savings Trust (NEST). The NEST is a defined contribution workplace pension scheme, run by a Trustee (NEST Corporation) on a not-for-profit basis. The Blackheath Halls pays fixed contributions to the scheme and will have no legal or constructive obligation to pay further amounts. The amount charged to the income and expenditure account represents the contributions payable to the scheme in respect of the accounting period. These amounts have been allocated between activities and funds on the same basis as the salary costs for the relevant employees.

n) Taxation

The Blackheath Halls is potentially exempt from taxation in respect of income or capital gains and is covered within the meaning of Part 3 of the Charities Act 2011. It is therefore a charity within the meaning of Paragraph 1 of schedule 6 to the Finance Act 2010 and accordingly, the Blackheath Halls is potentially exempt from taxation in respect of income or capital gains received within

25

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

categories covered by section 478–488 of the Corporation Tax Act 2010 (CTA 2010) or section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied to exclusively charitable purposes.

The Blackheath Halls receives no similar exemption in respect of Value Added Tax. Irrecoverable VAT on inputs is included in the costs of such inputs. Any irrecoverable VAT allocated to fixed assets is included in their cost. The Blackheath Halls' subsidiary is liable to Corporation Tax in the same way as any other commercial organisation.

o) Critical accounting judgements and estimates

In preparing the financial statements, the trustees are required to make estimates and judgements. The items in the financial statements where these judgements and estimates have been made include:

p) Concessionary Loans

The entity considers the long term intercompany loans to be concessionary loans. The entity measures concessionary loans in the balance sheet based on the amounts paid. The carrying amount of concessionary loans in the financial statements are adjusted to reflect any accrued interest receivable. Interest on the long term intercompany loan is accrued at a variable rate per annum, equal to the Bank of England base rate at the start of each financial year plus a margin of 1.35%. The loan is for a period of 24 years commencing on 31 July 2019.

q) Financial Instruments Policy

Financial Instruments are initially measured at transaction price and subsequently held at cost, less impairment. Financial liabilities are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instruments legal form. Financial Liabilities are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.

26

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

2 Income From Donations and Legacies

2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Restricted
Total Unrestricted
Restricted
Total
97,075
77,116
174,191
175,246
290,726
465,972
97,075
77,116
174,191
175,246

290,726
465,972
Charitable Donations
Unrestricted		 2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Restricted
Total Unrestricted
Restricted
Total
97,075
77,116
174,191
175,246
290,726
465,972
97,075
77,116
174,191
175,246

290,726
465,972
Charitable Donations
Unrestricted
97,075
77,116
174,191
175,246

290,726
465,972
3 Income From Charitable Activities
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Restricted
Total Unrestricted
Restricted
Total
Box Office
Income
250,056
65,032
315,088
239,317
11,511
250,828
Hall Hire by
Trinity Laban
309,887
-
309,887
300,860
-
300,860
Management
Fees
28,644
-

28,644
27,180
-
27,180
Grants from
Trinity Laban
75,000
-
75,000
80,449
-
80,449
Other Income
4,633
5,850
10,483
11,770
-
11,770
668,220
70,882
739,102
659,576
11,511
671,087
Unrestricted
668,220
70,882
739,102
659,576
11,511
671,087

27

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

4 Charity Statement of Financial Activities

Notes
Income From
Donations and Legacies
2
Charitable Activities
Operation of Blackheath Halls
Total Income
Expenditure on:
Raising Funds
7
Charitable Activities
Operation of Blackheath Halls
8
Total Expenditure
Net (Expenditure)/Income
Transfer Between Reserves
Net Movement in Funds
Reconciliation of Funds
Total Funds Brought Forward
Total Funds Carried Forward
Donation From Subsidiary Made Under
Deed of Covenant		 Unrestricted
Restricted
Total Funds
Total Funds
2025
2025
2025
2024
£
£
£
£
97,075
77,116
174,191
465,972
746,571
70,882
817,453
745,559
99,224
-
99,224
76,644
942,870
147,998
1,090,868
1,288,175
100,896
-
100,896
102,297

927,658
206,811
1,134,469
1,022,081
1,028,554
206,811
1,235,365
1,124,378
(85,684)
(58,813)
(144,497)
163,797
(60,751)
60,751
-
-
(146,435)
1,938
(144,497)
163,797
4,042,467
5,493
4,047,960
3,884,163
3,896,032
7,431
3,903,463
4,047,960

5. Income from Other trading activities

The wholly owned trading subsidiary, BCH Enterprises Limited ("BCH") is incorporated in the United Kingdom. The BCH company number is 02642177 and the registered office address is King Charles Court, Old Royal Naval College, Greenwich, London, SE10 9JF. BCH operates the bar and catering and organises all the commercial trading operations carried on at The Blackheath Halls. The charity owns the entire share capital comprising 2 ordinary shares of £1 each. BCH has adopted a policy of paying all taxable profits to its parent company Blackheath Halls by qualifying distribution under a deed of covenant.

28

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

Turnover
Cost of Sales and Administrative Expenses
Profit Before Taxation
Taxation
Profit After Taxation
Fixed Assets
Current Assets
Creditors: Amounts Falling Due Within One Year
Total Net Assets
Aggregate Share Capital and Reserves		 2025
2024
£
£
371,425
308,286
(272,955)
(230,469)
98,470
77,817
-
-
98,470
77,817
2025
2024
£
£
7,551
9,227
156,118
163,143
(155,363)
(163,310)
8,306
9,060
8,306
9,060

7 Expenditure on Raising Funds

Staff Costs
Advertising
Printing, Postage and Stationery		 2025
2024
£
£
66,629
68,666
25,214
20,464
9,053
13,167
100,896
102,297

8 Expenditure on Charitable Activities - Operation of Blackheath Halls

Other Activities
Support Costs
Education &
Community -
Projects		 2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Unrestricted
Restricted
Total Unrestricted
Restricted
Total
312,816
-
312,816
296,001
-
296,001
586,290
-
586,290
446,253
124,012
570,265
28,552
206,811
235,363
155,815
-
155,815
927,658
206,811
1,134,469
898,069
124,012
1,022,081

29

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

Support Costs
House managers
Administration
Ushers
Management
Crew
Box Office
Audit Fees		 2025
2024
£
£
5,924
15,968
170,225
124,916
17,569
31,459
91,025
89,643
5,255
12,643
14,918
13,672
7,900
7,700
312,816
296,001

Support costs are apportioned based on the number of staff employed in each activity and have been included as part of expenditure on charitable activities.

9 Expenditure on Charitable Activities - Other Trading Activities

This relates to BCH Enterprises Limited, the trading subsidiary
Staff Costs
Legal and Professional
Audit Fees
Repairs and Maintenance
Sundry Expenses
Bar and Catering Purchases		 2025
2024
£
£
121,636
86,539
48,051
36,388
-
8
5,067
4,700
-
741
17,673
25,822
Depreciation 1,676
1,797
194,605
155,995

These costs have been classified as charitable as they support the charitable activities of the organisation.

10 Staff Costs

Wages and Salaries
Social Security
Other Pension Costs		 2025
2024
£
£
475,247
415,868
35,401
26,437
24,872
27,794
535,520
470,099
Remuneration of senior paid staff excluding employer's pension contributions
2025
2024
Number
Number
£60,000 - £70,000
1
1

30

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

The average monthly number of employees during the year:

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
The average monthly number of employees during the year:
Administration
Box Office
Marketing and Fundraising
Crew & Ushers
House Management
Bar & Catering
Support		 Number
Number
4
4
1
2
2
2
4
3
2
2
2
1
1
1
16
15

None of the trustees received any emoluments from the Charity during the year (2024 - £Nil).

There have been no expenses paid to or on behalf of the trustees in 2024-25 (2024 - £Nil).

Key management personnel

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of Blackheath Halls. Staff costs includes remuneration paid to key management personnel. The key management personnel is the Director of Blackheath Halls.

Remuneration
Pension Costs		 2025
2024
£
£
66,503
62,433
8,702
12,135
75,205
74,568

31

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

11 Tangible Fixed Assets

Group
At 1 August 2024
Additions
Disposals		 Freehold
Land and
Buildings
Long
Leasehold
Buildings
Leasehold
Improvements
Fixtures,
Fittings &
Kitchen
Equipment
Musical
Instruments
Total
£
£
£
£
£
£
1,270,245
2,106,833
3,278,301
346,323
20,828
7,022,530
-
12,000
-
-
-
12,000
-
-
-
(104,377)
(150)
(104,527)
At 31 July 2025
Depreciation
At 1 August 2024
Charge for year
Disposals		 1,270,245
2,118,833
3,278,301
241,946
20,678
6,930,003
55,905
95,198
950,419
336,827
18,326
1,456,675
5,905
22,986
156,645
1,784
1,252
188,572
-
-
-
(104,377)
(150)
(104,527)
At 31 July 2025
Net Book Value
At 31 July 2025
At 31 July 2024		 61,810
118,184
1,107,064
234,234
19,428
1,540,720
1,208,435
2,000,649
2,171,237
7,712
1,250
5,389,283
1,214,340
2,011,635
2,327,882
9,496
2,502
5,565,855

The long leasehold buildings comprise the fabric of the halls with the freehold land and buildings comprising substation and the surrounding land.

Charity
At 1 August 2024
Additions
Disposals
At 31 July 2025
Depreciation
At 1 August 2024
Charge for year
Disposals
At 31 July 2025		 Freehold
Land and
Buildings
Long
Leasehold
Buildings
Leasehold
Improvements
Fixtures,
Fittings &
Kitchen
Equipment
Musical
Instruments
Total
£
£
£
£
£
£
1,270,245
2,106,833
3,267,029
323,309
20,828
6,988,244
-
12,000
-
-
-
12,000
-
-
-
(91,635)
(150)
(91,785)
1,270,245
2,118,833
3,267,029
231,674
20,678
6,908,459
55,905
95,198
946,380
315,812
18,326
1,431,621
5,905
22,986
155,518
1,235
1,252
186,896
-
-
-
(91,635)
(150)
(91,785)
61,810
118,184
1,101,898
225,412
19,428
1,526,732

32

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

12
Debtors
Trade Debtors
Other Debtors
Prepayments and Accrued Income		 Group
Group
Charity
Charity
2025
2024
2025
2024
£
£
£
£
12,777
65,878
3,468
22,355
-
12,766
-
12,766
18,573
18,493
18,373
18,213
31,350
97,137
21,841
53,334

13 Creditors: Amounts Falling Due Within One Year

Due to Parent and Subsidiary Companies
Trade Creditors		 Group
Group
Charity
Charity
2025
2024
2025
2024
£
£
£
£
659,442
673,536
557,410
595,035
47,227
21,256
42,207
19,245
Other Creditors
Taxation and Social Security
Accruals and Deferred Income		 -
89
-
100
2,157
1,666
2,157
1,666
187,182
152,753
138,731
69,955
896,008
849,300
740,505
686,001

Deferred Income

Included within accruals and deferred income are the following items of income which have been deferred until specific performance related conditions have been met.

Balance Brought Forward
Income Released in Year
Ticket Sales for Future Events
Balance Carried Forward		 Group
Group
Charity
Charity
2025
2024
2025
2024
£
£
£
£
82,978
58,281
32,028
40,704
(82,978)
(58,281)
(32,028)
(40,704)
138,519
82,978
98,110
32,028
138,519
82,978
98,110
32,028

14 Creditors: Amounts Falling Due After More Than One Year

Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
Long Term Interest Free Intercompany Loan 560,000 560,000 560,000 560,000
Long Term Intercompany Loan 432,255 457,255 432,255 457,255
Debenture 250 250 250 250
992,505 1,017,505 992,505 1,017,505

This is a long term interest free intercompany loan extended from Trinity Laban Conservatoire of Music and Dance. The long term intercompany loan was for the refurbishment of the Great Hall in Blackheath Halls. Interest on the long term intercompany loan is accrued at a variable rate per annum, equal to the Bank of England base rate at the start of each financial year plus a margin of 1.35%. The loan is for a period of 24 years commencing on 31 July 2019.

33

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

15 Reserves

a) Group

At 1 August 2023
Incoming Resources for Year
Outgoing Resources for Year
Transfer Between Reserves
At 1 August 2024
Incoming Resources for Year
Outgoing Resources for Year
Transfer Between Reserves
At 31 July 2025		 Unrestricted
Funds
Revaluation
Reserve
Restricted
Funds
Total
Restricted
Funds
Total
£
£
£
£
£
£
2,545,769
1,326,685
3,872,454
19,608
19,608
3,892,062

1,143,108
-
1,143,108
302,237
302,237
1,445,345
(1,156,361)
-
(1,156,361)
(124,012)
(124,012)
(1,280,373)
200,632
(8,292)
192,340
(192,340)
(192,340)
-
Total
Unrestricted
Funds
2,733,148
1,318,393
4,051,541
5,493
5,493
4,057,034

1,136,720
-
1,136,720
147,998
147,998
1,284,718
(1,223,159)
-
(1,223,159)
(206,811)
(206,811)
(1,429,970)
(45,028)
(8,292)
(53,320)
53,320
53,320
-
2,601,681
1,310,101
3,911,782
0
0
3,911,782

b) Charity

At 1 August 2023
Incoming Resources for Year
Outgoing Resources for Year
Transfer Between Reserves
At 1 August 2024
Incoming Resources for Year
Outgoing Resources for Year
Transfer Between Reserves
At 31 July 2025		 Unrestricted
Funds
Revaluation
Reserve
Restricted
Funds
Total
Restricted
Funds
Total
£
£
£
£
£
£
2,537,870
1,326,685
3,864,555
19,608
19,608
3,884,163

985,938
-
985,938
302,237
302,237
1,288,175
(1,000,366)
-
(1,000,366)
(124,012)
(124,012)
(1,124,378)
200,632
(8,292)
192,340
(192,340)
(192,340)
-
Total
Unrestricted
Funds
2,724,074
1,318,393
4,042,467
5,493
5,493
4,047,960

942,870
-
942,870
147,998
147,998
1,090,868
(1,028,554)
-
(1,028,554)
(206,811)
(206,811)
(1,235,365)
(45,028)
(8,292)
(53,320)
53,320
53,320
-
2,593,362
1,310,101
3,903,463
0
0
3,903,463
**16 ** Group and Charity Restricted Funds Transfer
from
At 1 August Unrestricted At 31 July
2024 Income Expenditure Reserves 2025
£ £ £ £ £
Restricted Donations 5,493 147,998 (206,811) 53,320 -
Total Restricted Funds 5,493 147,998 (206,811) 53,320 -

34

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

17 Analysis of Total Group Funds

Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
Total Funds 2024
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
Total Funds 2025		 Unrestricted
Funds
Restated
Revaluation
Reserve
Restricted
Funds
Total
Restated
2024
2024
2024
2024
£
£
£
£
4,247,462
1,318,393
-
5,565,855
352,491
-
5,493
357,984
(849,300)
-
-
(849,300)
(1,017,505)
-
-
(1,017,505)
2,733,148
1,318,393
5,493
4,057,034
Unrestricted
Funds
Revaluation
Reserve
Restricted
Funds
Total
2025
2025
2025
2025
£
£
£
£
4,079,182
1,310,101
-
5,389,283
411,012
-
-
411,012
(896,008)
-
-
(896,008)
(992,505)
-
-
(992,505)
2,601,681
1,310,101
-
3,911,782

Restricted donations are made by the Arts Council for the provision of education and community projects. Restricted donations have also been received to fund various capital projects e.g. landscaping works, stage lift.

18 Capital Commitments

Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
Contracted For But Not Provided - - - -

19. Company limited by Guarantee

The limit of the total guarantees of the member of the Charity amounted to £1 at 31 July 2024 (2023– £1).

35

Docusign Envelope ID: EE3ED746-A779-483B-9505-9C826BEFA747

THE BLACKHEATH HALLS

For the year ended 31 July 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

20. Related party transactions

Blackheath Halls had transactions with the following related parties during the year. The charity trustees had an interest in, or influence over these entities.

(Expenditure)/ (Expenditure)/ Debtor/(Creditor) Debtor/(Creditor)
Income Balance
Trustee/ Nature of
Related Party Director Relationship 2025 2024 2025 2024
£ £ £ £
Hearn Foundation Peter Hearn Trustee 10,000 210,830 - -
Peter Hearn Trustee 1,000 - - -
Dame Joan Ruddock Trustee - 3,427 - -
Lewisham Music Dame Joan Trustee/ - 22,012 - -
Ruddock Chair
Ailish Tynan Trustee - (100) - -
Anthony Bowne Trustee/ 550 250 - -
Chair

21. Ultimate controlling party

The Charity is a wholly owned subsidiary of Trinity Laban Conservatoire of Music and Dance, a company registered in England and Wales and a registered charity. Trinity Laban’s charitable purposes as set out in its Memorandum of Association are to advance the art and science of music, dance and associated art forms generally for the public benefit and to improve the professional and technical education of music, dance and other students. The Board of Trinity Laban Conservatoire of Music and Dance has the power to appoint and remove the majority of Trustees from the board of the Blackheath Halls. Trinity Laban Conservatoire of Music and Dance registered office and company and charity number are as detailed below. Consolidated accounts for the group of which Blackheath Halls is a subsidiary can also be obtained here:

Trinity Laban King Charles Court Old Royal Naval College King William Walk London SE10 9JF Company No: 51090, Charity No: 309998

36