Company Number: 01411764 Registered in England and Wales Charity Number: 508435 Blackburn Empire Theatre Ltd Report and financial statements For the year ended 31st December 2022
Blackburn Empire Theatre Ltd Legal and administrative information for the year ended 31st December 2022 Page Legal and admlnistrative information Trustees report (including directors, report) Independent Examiner's report Statement of financial actlvities 10 Balance sheet 11 Notes to the financial statements 12-20
Blackburn Empire Theatre Ltd Legal and administrative information for the year ended 31st December 2022 Company number 01411764 Charity number 508435 Trustees John Anson Linda M Berry Malcolm, R Doherty James M Haddow John A Jackson Howard A Jones Janet L Stonham Mark Sears (appointed 9th June 2023) Michael A Berry (ceased 5th February 2023) Secretary Linda M Berry Reglstered office Aqueduct Road Ewood Blackburn Lancashire BB2 4HT Accountants David H Evans Limited Unit 27B Mitton Road Business Park Mitton Road Whalley Clitheroe BB7 9YE
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2022 The Trustees present their report and financlal statements for the year ended 31 December 2022. The financial statements have been prepared In accordance with the accounting policies set out in note I to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charitles: Statement of Recommended Practlce applicable to charities preparing their accounts in accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accountlng periods commencing from l January 2016). Objectives and actlvltles a) Pollcies and objectlves The theatre relles on grants, donations and income from tlcket sales, bar, refreshment and merchandise sales and room hlre to cover its operating costs. In setting the level of fees, charges and concessions, the trustees give careful consideration to the accesslbllity of the theatre for those on low incomes in the local community. Blackburn Emplre Theatre Limited Is a company limited by guarantee and registered under the Companies Act 2006. Its governing document is. its Memorandum and Articles of Associatlon. The company is a registered Charity. The principal objective of the charlty is to promote, maintain, Improve, asslst and advance public educatlon, appreclation and understandlng of the arts includlng the arts of design, drama, mlme, dance, singing and music to formulate, prepare and establish schemes thereof. The theatre has the general aim of contributing to the quality of Ilfe of our participants and audlences by expanding their horlzons through the provision of excitingi challenging and accesslble professional and community arts events. The strategles employed to achieve the charity's objectlves are to: Welcome new and existing audiences by presenting a programme that will inspire and entertain through its artistic and cultural diversityi Concentrate on involving young people In the arts to help encourage a culture in which different age ranges play a complementary part. Provide placements for volunteers to work with the charity to gain a greater understandlng of how theatre operates and guide them in future employment, The remainder of the Trustees, Report sets out the aims and objectlves and explains how the charity has considered the guldance. The Trustees have paid due regard to guidance Issued by the Charlty Commisslon in declding what attivities the charity should undertake. b) Volunteers Volunteers are an essential and extremely important resource in our Theatre. They are involved in most of our activities ranging from the box office, cleaningi front of house, stage management, technlcal support and manning the bar. All our Trustees also glve of thelr tlme freely.
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2022 Trustees, Review At the start of 2022 no-one knew quite what to expect with the country still feeling the effects of the Covid-19 pandemic. For all venues, including ours, it was a challenging time as audiences were still unsure about returning to the theatre and being part of large, massed gatherings. But we did everything possible to make them feel comfortable and our volunteers, as ever, were superb, helping our audiences get used to enjoying Ilve shows once more and asthe year progressed we were very pleased to see a number of 'sold out, shows. It was also great to be able to welcome back to those theatre groups and dance schools who call the Empire home and seeing them operate at pre-pandemic levels. Blackburn Muslcal Theatre Company, Blackburn G&S and Blackburn Drama Club all staged week-long productions with us and the high standard of these productions was commented on by many audience members. We have also teamed up with Made for Stage, a company, which encouraBes young people to become involved in the theatre. Made for Stage has become a regular user of the Berry Room for rehearsals and workshops and we are looking forward to further developing this relationship as engaging young people across Blackburn with Darwen and East Lancashire as a whole is a key element of our strategy, It was pleaslng to see that shows appealing to different and diverse audiences all did well during the year. Among the many shows to se15 out were tributes to Michael Jackson, Cher and Abba; family shows such as the Wlzard of Oz and Halloween Spooktacular, various dance school celebrations plus the adults only Bingo That's Bonkers. The aim durlng the year - and golng forward is to increase the quality and variety of shows even further, giving audlences a wide range of productions to enjoy, further cementing the Empire's reputation. We have Increased the number of family shows- particularly during school holidays and half terms- and all fared very well including Alice in Tik Tok Land, and an Easter extravaganza. We look forward to Increasing the number of attractively-priced shows suitable for family audlences during these hollday periods in 2023. During the year we held our flrst show aimed at the deaf community - Sign Along with Us - which was very well received and highlights the Empire's commltment to attracting a new a diverse audience to the theatre. A number of charity concerts were also held during the year and The Go's, those excellent ambassadors for the Emplre, performed at a number of residential care homes as well as at the theatre. As part of attracting new audiences, the Empire worked with Plane Comedy during the year staging several nights of stand-up whlch saw sales Increasing at each event as word spread about the event. Special mention has to be made of the annual panto.mime, Cinderella, staged In conjunction with Tom Rolfe Productions. It was a huge success breaking box office records and playing to packed houses both durlng the morning and afternoon schools shows and throughout the festive hollday perlod to family audiences. The appearance of Llnda Lusardl In the show proved to be a bi8 draw and BBC Breakfast broadcast live from the Emplre with excerpts also appearing on Look North West.
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2022 Panto stars helped promote the show by appearing in costume in The Mall Blackburn and numerous press and radio interviews were carried out. And, audience feedback praised the quality of the show Itself meaning we are very confident that 2023's pantomime will once again be a record breaker. During the year, a number of behind the scenes changes were carried out to help further improve the smooth running of the theatre. In the balcony, a new carpet was fitted, making the whole area much more attractive to audiences; the office areas too were recarpeted and brightened up and a new Epos till system was introduced on the bar with volunteers being given full trainlng to ensure smoother service during shows and more detailed stock control and flnancial management. To encourage audiences, we also introduced the Booking Protect system at the box office increasing confidence when buying tickets and we also introduced Docusign to simplify the issuing of contacts to artists and promoters. Comedian Jimmy Cricket agreed to become a patron of the theatre, taking over from John Challis who died in 2021. New external signingforthe theatre was made possible by the sterling efforts of director Howard Jones who undertook 'virtual' walk from Lands End to John O'Groats- a distance of more than 870 miles- raising more than £5,000 in the process. A magniflcent achievement and the new electronic signage, all in the Empire's branding, looks fantastic. No review of the year at the Empire would be complete without saluting the simply marvellous team of volunteers who are the lifeblood of the theatre. Currently we have more than 40 regular volunteers who are involved in every aspect of runnlng the theatre ranging from box offlce, front of house and bar work to cleaning, maintenance and ensuring that every visitor to the Empire has a memorable experience. We couldn't do it without them and we will be looking to increasing and developing the number of volunteers even more during the forthcoming year. The same is true of the small team of employees - our office manager, technical manager and technlcal assistant- who so often go above and beyond to ensure the smooth running of the whole operation. No-on really knew what to expect when 2022 dawned and the world appeared to be in a very precarious place. Audience confidence was low, the cost of living cri515 was beginning to hit home and the financial outlook was full of doom and gloom. But the Empire Theatre and everyone involved in it embraced the challenge of bringing back existing supporters and attracting new audiences and during the year it became obvious that the Empire was still very much in everyone's hearts. It means we can look ahead with confidence, The aim is to continue to provide high quality shows which appeal to wide range of audiences. The Empire is rooted in Its communlty and, again, the aim is to further strengthen those ties and to develop new relationships with even wider sections of the community. For anyone involved in it, we know that The Emplre Theatre Is a very special place, and thanks to the hard work of the whole team more and more people are appreciating that.
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2022 Financlal review a) Golng Concern After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational exlstence for the foreseeable future. For this reason they continue to adopt the going concern basls in preparing the flnancial statements. b) Reserves pollcy The reserves policy of the trustees is to ensure that the company safely commits as much as possible to furthering Its objectives whilst retaining flnancial stability and its potential to identify and explolt opportunities. The trustees have examlned the charity's requirement for reserves in the light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tanglble fixed assets held by the charity should be between l and 3 months of the expendlture of approxlmately £25,700. The reserves are needed to meet the working capital requlrements of the charity and the trustees are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. The trustees will aim to ensure the continuation of current activities In the event of a signlficant drop in income. In this event it would be necessary to consider how the funding would be replaced or the activities changed. The Trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitlgate exposure to the major risks. Structurei governance and management a) Constltution The company is constltuted under a Memorandum o.f Association dated 26 January 1979 and Is registered as a charitable company Ilmited by guarantee (charity number 508435). There have been no changes to the objectives since the last annual report. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were as noted below. John Anson Linda M Berry Malcolm R Doherty James M Haddow John A Jackson Howard A Jones Janet L Stonham Mark Sears (appointed 9th June 2023) Michael A Berry (ceased 5th February 2023)
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2022 b) Method of appointment or election of trustees The management of the company is the responsibillty of the trustees who are elected and co-opted under the terms of the Articles of Association. The company's existing board of trustees were indivldually appointed on the strength of their respective background, the network of contacts of the relevant trustee and an obvious enthusiasm and commitment to support the company on an ongoing basis. The board may from time to time, and at any time, appoint any member of the compa ny as a member of the board of trustees. The decision to elect new trustees to the board is based upon the availabillty of suitable candidates with a requislte skills base together wlth an acknowledgement by the board that additional support would be beneficial in order to asslst in the company's development. When considering new trustees, the board has regard to the requlrement for any specialist skills needed, for example to enhance the potential pool of trustees. c) Organisatlonal structure and decislon maklng The affairs of the company are administered by the board of directors, who are also the trustees and must comprise not less than five members. The board may from time to tlme reglster an increase, subject to the number of members not exceeding fifty. The board meets every 6 times a year and there are working groups whlch meet, as requlred, at other tlmes to address specific governance or operational issues such as development, finance, risk management, fundraislng etc. A Chlef Executive is appointed by the trustees to manage the day to day operations of the charity. To facilitate effective operatlons. The Chief Executive has delegated authority, withln terms of delegation approved by the trustees, for operational matters relating to finance, employment and artistic programme. d) Policies adopted for the induction and tralnlng of trustees New trustees are provided with information on their legal obligatlons under charity and company law, the content of the Memorandum and Articles of Association, the commlttee and decision making process, the business plan and recent financial performance of the company. During this induction they meet the key employees and other trustees. Trustees are encouraged to view the work delivered by the theatre and Its employees and volunteers. Trustees are also encouraged to attend all producti.ons and appropriate training events. e) Rlsk management The trustees periodically review the major rlsks to which the company Is exposed, in particular those related to the operatlons and finance of the companyi and are satlsfied that systems and procedures are in place to mitlgate our exposure to the major risks.
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2022 In partlcular insurance cover is in place and the finances of the charity are reviewed regularly. Particular attention has been focused on PAT testingi health and safety of artists and audience, and management of performing rights. A key element in the management of financial risk is the setting of reserves policy and its regular revlew by trustees. Plans for future periods To build on the success of the past few years, to. maintain the enthuslasm of all concerned with the theatre workings and to keep the wonderful reputation with the public that we have created for this unique community hub. The Trustees report was approved by the Board of Trustees Janet Stonham Trustee 19th September 2023
Blackburn Empire Theatre Ltd Independent Examiner's Report to the Trustees for the year ended 31st December 2020 I report to the charity trustees on my examination of the accounts of the company for the year ended 31st December 2021 which are set out on pages I I to 20 Responsibilities and basis of report As the charity trustees of the company (and also its d1CtorS for the purposes of company law) you are responsible for the preparatlon of the accounts in accordance with the requlrements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the co.mpany are not required to be audited under Part 16 of the 2006 Act and are ellgible for independent examinatlon, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examinatlon I have followed the Directlons given by the Charity Commlssion under sectlon 145(5)(b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination glving me cause to believe that in any material respect: accounting records were not kept in respect of the company as required by section 386 of the 2006 the accounts do not accord with those records. or the accounts do not comply wlth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection wlth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Davld Evans FCA Independent Examiner Member of the Institute of Chartered Accountants in England and Wales Date: 19th September 2023 David H Evans Ltd Unit 27B Mitton Road Business Park, Mltton Road, Whalley, Clitheroe, BB7 9YE
Blackburn Empire Theatre Ltd Statement of Financial Activities (including Income and Expenditure account) for the year ended 31st December 2022 Unrestricted Funds Restrlcted funds Total funds 2022 Total funds 2021 Note Income from: Donatlons and legacies 12,262 12,262 21,718 Charltable actlvltles 375,316 375,316 206,320 other income 26,838 Total Income 387,578 387,578 254,876 Expendlture on: Raising funds Charitable activitles 309,144 309,144 287,947 Total expenditure 309,144 309,144 287,947 Net (outgolng)/lncoming resources before transfers 78,434 (33,071) 78,434 Transfer between funds Net movement In funds for the year 78,434 78,434 (33,071) Reconclllation of funds Fund balances at 1st January 2022 298,195 298,195 331,266 Fund balances at 315t December 2022 376,629 376,629 298 195 The statement of flnanclal activities Includes all gains and losses recognised In the year. All income and expenditure derlve from continulng activitles. The statement of financlal actlvities also complles with the requirements for an Income and expendlture account under the Companles Act 2006. 10
Blackburn Empire Theatre Ltd Company number 01411764 Balance sheet as at 31st December 2022 Note 2022 2021 Fixed assets Tangible assets 13 283,951 284,133 Current asset$ stocks 14 2,480 9,650 230,844 3,039 4, 969 J 58,084 Debtors 15 Cash at bank and in hand Total current assets 242,974 166 092 Llabilitles Creditors: amounts falling due in less than one year 16 (130,452) (123,441) Net current assets 112,522 42,651 Creditors: amounts falling due after more than one year 17 (19,844) (28,589) Net assets 376,629 298 195 The funds of the charity Restricted Income funds Unrestrlcted income funds 19 20 376,629 298,195 Total charity funds 376,629 298,195 For the financlal year endlng 31 December 2022 the company was entltled to exemption from audit under section 477 of the Companies Act 2006 relating to small mpanieS. No member has required the company to obtain an audlt of its accounts for the year in questlon in accordance with Section 476 of the Companles Act 2006. The directors acknowledge their responslbility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The Notes on pages 12 to 20 form part of these accounts Approved by the Trustees on 19th September and slgned on their behalf by: JfvMcL Mark Sears Janet stonham li
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2022 l Accountlng pollcles Blackburn Emplre Theatre Ltd Is a private company limited by guarantee Incorporated in England and Wales. The Registered Office is Aqueduct Road, Ewood, Blackburn, BB2 4HT. The principal accounting policles adoptedi judgments and key sources of estimatlon uncertainty In the preparation of the financial statements are as follows: 1.1 Basis of preparation The financlal statements have been prepared in accordance with the charity's governing document, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitles preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102), the Financial Reportlng Standard applicable In the UK and Republic of Ireland (FRS 102A) and the Companies Act 2006. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The accounting statements are prepared in Sterling, which Is the functional currency of the charity. Monetary amounts in these flnancial statements are rounded to the nearest £1. The financial statements have been prepared under the hlstorical cost convention. The prlncipal accounting policies adopted are set out below. 1.2 Charitable Funds Unrestricted funds are avallable for use at the discretion of the Trustees In furtherance of their charitable objectives. Restricted funds are subject to speclfic conditlons by donors as to how they may be used. The purpose and uses of restricted funds are set out in the notes to the financlal statements. 1.3 Income resources Income Is recognlsed when the charity has entitlement to the funds, any performance condltions attached to the item(s) of income have been met and It is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether 'capltal' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met and it is probable that the Income wlll be received and the amount can be measured reliably and is not deferred. Income recelved in advance of a provlslon of a specified service Is deferred until the criteria for income recognition are met. Turnover is measured at the falr value of the consideration recelved or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of any dlscounts and VAT. 12
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2022 1.4 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuatlon, net of depreciation and any impairment losses. Depreclation is recognlsed so as to write off the cost or valuation of assets less thelr residual value, over the useful lives on the following bases: Freehold land and buildings Plant and equipment Fixtures and flttings Computers The gains and losses arising on disposal of an ass.et is determined as the difference between the sale proceeds and the carrying value of the assets and is recognised as income or expenditure for the accounting period. 20/0 Straight line 6.70/0 Stralght line 10 % of the reducing balance 250/0 of the reduclng balance 1.5 Stocks Stocks are stated at the lower of cost and estimated selling price. 1.6 Debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.7 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. 1.8 Creditors and provisions Creditors and provisions are recognlsed where the charity has a present obligatlon resultlng from a past event that wlll probably result In the transfer of funds to a third party and the amount due to settle the obligatlon can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade dlscounts due. 1.9 Taxatlon The company meets the definltion of a charity for UK corporation tax purposes. Accordinglyi the company is potentlally exempt from corporation tax In respect of income or capital galns to the extent that such Income or gains are applied exclusively to charltable purposes. 1.10 Retlrement beneflts Payments to defined contrlbution retirement benefit schemes are charged as an expense as they fall due. 2 Critlcal accounting estimates and Judgements In the application of the charity's accounting policles, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and Ilabilities where the amounts are not apparent from other sources. The estimates and associated assumptlons are based on historlcal experience and other factors that are consldered to be relevant. Actual results may subsequently differ from these estimates. 13
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 315t December 2022 The estimates and underlying assumptions are revlewed on an ongoing basis. Revlsions to accounting estimates are recognlsed in the period in whlch the estlmate is revised These judgements include stock provlsion, the provision for bad debts, accruals, prepayments and depreciation. 3 Income from donations and lega¢les Unrestricted Restrlcted Total 2022 Donations 12,262 12,262 Grants Total 12,262 12,262 21,718 Total by fund 31 December 2021 19,861 2,037 4 Income from charitable activities Total 2022 Total 2021 Theatre tlcket sales 209,498 112,387 45,300 4,325 126,982 51,761 24,182 1,371 363 Bar, refreshments and merchandlse sales Room hire Raffles Sponsorship and advertlslng Sundry income 3,806 375,316 1,661 206,320 Analysls between funds: Restricted Unrestrlcted 375,316 375,316 206,320 206,320 5 Other income 2022 2021 Furlough Income 26,838 26,838 Analysis between funds: Restricted 26,838 Unrestricted 26,838 14
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2022 6 Charitable a¢tlvlties 2022 2021 Theatre costs and artists Bar, refreshments and merchandlse Share of support costs (see note 7) 44,734 44,321 220,089 309,144 62,301 18,388 207,258 287,947 Analysls between funds: Unrestrlcted 309,144 212,384 75,563 287,947 Restricted 309,144 7 Support Costs Total 2022 Total 2022 Staff costs 63,293 10,781 32,460 2,749 22,810 9,651 3,895 2,426 2,069 3,056 428 67,698 9,901 23,494 2,863 13,768 11,195 3, 786 8,335 3,719 4,220 1,385 31,785 4,240 5,507 7,336 6,811 31 Depreciation Advertlslng and marketing Water and general rates Light and heat Insurance Telephone Professlonal fees Stationery, postagei printlng and webslte Accountancy fees Volunteer expenses Repairs and maintenance Licence fees 22,017 7,000 8,695 14,119 11,845 426 Cleanlng and waste disposal Ticket Issulng system Card merchant and onllne sales commission Bank charges Mlscellaneous 1,776 593 824 Bank loan Interest 360 220,089 207,258 2022 2021 Unrestricted expenditure Restrlcted expendlture 220,089 131,695 75,563 207,258 220,089 15
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2022 8 Net movement in funds Total 2022 Total 2021 Net movement in funds is stated after charglng (creditlng): Independent Examiner fees Depreclatlon of owned tangible flxed assets 10,781 9,901 9 Trustees Janet Stoneham, a Trustees Is a full time employee of the charlty and was remunerated as such durlng the accountlng period. 10 staff costs staff costs for the year were as follows: 2022 2021 Wages and salaries 61,059 65,671 Soclal securlty costs 402 253 Pension costs 1,832 1,774 63,293 67,698 No employee had employee beneflts in excess of £60,000 (2021: NII) The average number of full tlme equlvalent staff employed durlng the perlod was 3 (2021.3). 16
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2022 11 Fixed assets: tanglble assets Freehold land and buildings Fixtures and flttlngs Total Cost At l January 2022 440,728 265,214 705,942 Additions 10,599 10,599 Dlsposals At 31 December 2022 440,728 275,813 716,541 Depre¢iatlon At l January 2022 165,889 255,920 421,809 Charge for the year 8,815 1,966 10,781 Dlsposals At 31 December 2022 174,704 257888 432,590 Net book value At 31 December 2022 266,024 17,927 283,951 At 31st December 2021 274,839 9,294 284,133 12 Stocks 2022 2021 Goods for resale 2,480 3,039 13 Debtors: amounts falllng due wlthin one year 2022 2021 Trade debtors 9,650 4,969 other debtors Prepayments and accrues income 9,650 4,969 17
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2022 14 Credltors: amounts falling due within one year 2022 2021 Loans 6,000 6, 000 Other taxation and soclal securlty 26,842 1,060 Trade creditors 17,096 43,245 Other creditors 1,487 3,827 Accruals and deferred income 79,027 69,309 130,452 123,441 The amount included in loans Is a Bounce Back loan. The loan is repayable in equal monthly Instalments of £500 whlch started on 29th June 2021. Interest Is payable monthly in arrears on the first buslness day of each month and is charged at 2.50/0 per annum. The loan can be repaid at any time In full or in part without premium or penalty. 15 Credltor$: amount$ falllng due after more than one year 2022 2021 Loans 19,844 28,589 An amount of £14,500 Included In loans is a Bounce Back loan (see detalls in Note 16). The remalnder of the amount Included under loans is a loan provided by Carlsberg Marston's Brewery. The loan is repayable by an advanced dlscount at a rate of £25 per barrel of beer purchased. The loan Is secured on the freehold property and by a flxed and floatlng charge over the assets of the charlty. 16 Loans and overdrafts 2022 2021 Loans 25,844 34,589 Payable within one year Payable after one year 6,000 19,844 6,000 28,589 18
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2022 17 Restrlcted funds The income funds of the charity include restricted funds comprising the followlng unexpended balances of donations and grants held on trust for specific purposes: Balance at I January 2022 Balance at 31 December 2022 Income Expenditure Transfers Restricted funds Balance atl January 2021 Balance at 31 December 2021 Income Expenditure Transfers Restricted funds 46,655 28,875 (75,563) 33 There were not any Restrlcted funds for the accountlng period ending 31$t December 2022. The 2021 comparatlve figures represent a grant recelved from Theatres Trust to assist wlth the purchase of ticket scanners and Coronavlrus Job Retention Grant ('Furlough') recelpts. 18 Deslgnated funds The Income funds of the charity Include the following deslgnated funds whlch have been set aside out of unrestrlcted funds by the Trustees for speclflc purposes: Balance ati January 2022 ' Balance at 31 December 2022 Income Expenditure Transfers Designated funds Balance atl January 2021 Balance at 31 December 2021 Income Expenditure Transfers Designated funds There were not any Deslgnated funds in elther the current or previous accountlng perlods. 19
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2022 19 Analysls of net assets between funds I" January to 31st December 2022: Unrestricted funds Restrlcted funds Total Tanglble fixed assets 283,951 283,951 Net current assets/(liabllltles) 112,522 112,522 Creditors of more than one year (19,844) (19,844) 376,629 376,629 i$t January to 315t December 2021.. Unrestrlcted funds Restricted funds Total Tangible flxed assets 284, 133 284, 133 Net current assets/(liabilitles) 42,651 42,651 Creditors of more than one year (28,589) (28,589) 298,195 298,195 20 Related party transactlons: During the accountlng perlod expenses totalling £4,432 (2021: £416) were incurred with Pennlne Fire and Safety Limited, a company In whlch Mr J Jackson, a trustee, is a dlrector. Durlng the accounting period expenses totalllng £584 (2021: £1,045) were Incurred wlth Unified World Communlcatlons Limited, a company In which Mr H A Jones, a trustee, is a dlrector. 20