Company Number: 01411764 Reglstered in England and Wales Charlty Number: 508435 Blackburn Empire Theatre Ltd Report and financial statements For the year ended 31st December 2024
Blackburn Empire Theatre Ltd Legal and administrative information for the year ended 31st December 2024 Page Legal and administratlve Information Trustees report (includlng dlrectors, report) Independent Examlner's report statement of financial actlvltles 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 2024 Company number 01411764 Charlty number 508435 Trustees John Anson Linda M Berry James M Haddow John A Jackson Howard A Jones Janet L Stonham (ceased 19th February 2025) Mark Sears Kyle S Lawrenson Secretary Llnda M Berry Reglstered offlce Unlt 27B Mitton Road Business Park Mltton Road, Whalleyi Clitheroe Lancashire BB7 9YE Accountants David H Evans Limited Unit 27B Mitton Road Business Park Mltton Road, Whalleyi Clitheroe Lancashlre BB7 9YE
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2024 The Trustees present thelr report and flnancial statements for the year ended 31 December 2024. The financlal statements have been prepared In accordance wlth the accounting pollcles set out in note I to the flnancial statements and comply with the charity's Memorandum and Artlcles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts In accordance wlth the Financial Reportlng Standard applicable In the UK and Republic of Ireland (FRS 102)" (as amended for accounting perlods commencing from l January 2016). Objectives and actlvltles a) Pollcles and objectives The theatre relies on grants, donatlons and income from ticket sales, bar, refreshment and merchandlse sales and room hlre to cover Its operating costs. In settlng the level of fees, charges and concesslons, the trustees glve careful consideration to the accesslblllty of the theatre for those on low Incomes in the local communlty. Blackburn Empire Theatre Limlted Is a company limited by guarantee and reglstered under the Companies Act 2006. Its governing document is its Memorandum and Articles of Assoclatlon. The company is a registered Charity. The princlpal objectlve of the charlty is to promote, maintaln, Improve, asslst and advance public education, appreciatlon and understanding of the arts Including the arts of design, drama, mime, dance, singlng and muslc to formulatei prepare and establish schemes thereof. The theatre has the general alm of contributlng to the quallty of life of our partlclpants and audlences by expanding their horizons through the provision of excltlng, challenglng and accesslble professional and community arts events. The strategies employed to achleve the charity's objectives are to: Welcome new and existlng audiences by presenting a programme that wlll inspire and entertaln through its artistic and cultural diverslty. 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 galn a greater understandlng of how a theatre operates and gulde them in future employment. The remalnder of the Trustees, Report sets out the alms and objectlves and explalns how the charity has consldered the guldance. The Trustees have pald due regard to guidance issued by the Charlty Commisslon In deciding what activities the charity should undertake. b) Volunteers Volunteers are an essential and extremely Important resource in our Theatre. They are involved In most of our activitles ranging from the box offlce, cleaningi front of house, stage management, technical support and mannlng the bar. All our Trustees also glve of thelr tlme freely.
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2024 Achievements and performance Chairman's review of activltles It is pleasing to report that the steady progress belng made at the EmpireTheatre has continued throughout the year. By tsking a more pro-actlve approach to future bookings and careful monltorlng of shows, audience numbers continued to Increase throughout the year attractlng a wide range of audiences. A number of shows were total sell-outs with waiting Ilsts being set up and many others were close to capacity wlth Just balcony seats available. The diverse range of shows which sold out demonstrates that the theatre has become trusted venue for many theatregoers both In and around Blackburn and Darwen and further afield. Among the shows playlng to capacity houses were Abba and Eagle5' tributes, comedlan Clinton Baptiste, rock and rollers Showaddywaddy, Princess Live which attracted a younger mums and daughters, audience and a young people's productlon of Les Miserables. Particularly pleasing was the response to Blackburn Musical Theatre Companyi one of many organlsations whlch call the Empire home, with a week-long run being a virtual sell-out every night. Speclal mention should be made of the annual pantomlme Jack and the Beanstalk which once again broke box office records. There was an increased number of tickets sold for public performances and all schools, performances were virtual sell-outs. A number of schools from East Lancashlre booked for the flrst time due to the growing reputation of the Emplre forstagingan entertaining show In conjunction wlthTom Rolfe Productions. The Empire has also benefitted from a number of local venues being forced to close. Looking ahead to the pantomime in 2025, a large number of school and group bookings had been secured by the end of the year while Jack and the Beanstalk was still running. Special mention should be made of the efforts of office manager Janet Stonham who has built up a great working relationshlp with the schools and has been proactlvely encouraging booklngs and also to all the volunteers who make the panto performances- often two per day - a fun experience for everyone. And there's the technical team who have calmly and professlonal handles everything that has been required of them leading to a production of the hlghest standard. Having Introduced stronger management of show receipts and analysingthe Impact of every show, It has enabled Kris Connell to put together an even stronger programme schedule for 2025. The aim is always to bring the best possible acts, shows and performers to the theatre for a wlde range of audlences and for 2025 a number of new shows will be visiting for the flrst time. There has been an increase demand from dance schools and organlsations such as Prima Dance Competitions who have made booklngs, partly through word-of-mouth and the Empire's ability to handle large numbers of performers/competltors. Looking ahead to 2025 as a whole, the aim has been to introduce blgger and better shows when possible and to continue to offer a diverse programme which will appeal to all age groups and interests. By the end of 2024, it ha5 been posslble to pretty much fill up the calendar with just a few dates left avallable and a large number of promoters and artists making inquiries.
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2024 It's pleasingto note that 2024 has seen an increase in the number of volunteers with a variety of skills and experlences giving thelrtime. Thlswas achieved partlythrough an open day and alsothrough onllne promotion and posters outside the theatre asking for new 'recrults'. Five volunteers were 'promoted' to become Front of House Supervisors to oversee the running of duties for every show and improved communications between supervisors and management has been Introduced vla a dedicated WhatsApp group. The director working with Kris Connell put together a maintenance plan both for short term and longerterm projects. Once agaln a summer shutdown in July and August allowed signlflcant improvements to be made to the vlsitor experience. The Balcony Bar- renamed the Volunteers, Bar- was totally refurbished with an old photo of the Empire being turned into dlgital wall art to occupy one wall of the bar. One of the distinctive circular windows in the bar was also replaced. In the maln bar, the old bench-style seating around the walls was removed and tables and chairs introduced creating more space for patrons on show nights and offerlng even easier access to the bar. A new carpet in the bar was also laid and additional TV screens installed to promote future shows and to display bar prices. New screens were also added to the box office area. New larger poster boxes of a unlform design were put up around the exterior of the theatre allowing the promotion of more shows. The Emplre continues to be the base for a numberof organisations Including Blackburn Drama Club and the Zoe Taylor Dance Academy. By renegotiatlng the lease wlth long-standing tenant Tim Llnce Productions a large room in the performlng arts centre which had prevlously been used as storage was freed up and- subject to plannlng approval- the aim Is to create and additional rehearsal space for a new tenant. part of the theatre's commltment to the communlty and also to increase the revenue streams. Tim Lince Productions has moved to a smaller storage space within the theatre which has been created. Overall the Empire Theatre has consolidated its position as Blackburn's buslest community venue. There is a commitment from everyone involved from the directors, staff and volunteersto continueto grow our audlences, bring in bigger and better shows and to meet the needs of the diverse community whlch makes up Blackburn with Darwen. 2025 promlses to be an exciting year with a number of strategic plans to be worked on. Revenues contlnue to grow which wlll allow further investment into the theatre. It is hoped to explore areas where grant aid may be available and also to develop even closer ties wlth communlty organisations Interested in the arts. Financial revlew a) Going Concern After maklng approprlate enquiries, the trustees have a reasonable expectatlon that the company has adequate resources to continue In operational existence for the foreseeable future. For thls reason they contlnue to adopt the golng concern basls In preparlng the financlal statements. b) Reserves policy The reserves policy of the trustees Is to ensure that the company safely commlts as much as posslble to furtherlng its objectives whilst retaining flnancial stablllty and its potential to identlfy and exploit opportunlties.
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2024 The trustees have examlned the charlty's requirement for reserves in the Ilght of the main risks to the organisation. It has establlshed a pollcy whereby the unrestrlcted funds not commltted or invested in tangible flxed assets held by the Charity should be between l and 3 months of the expenditure of approximately £49,000. The reserves are needed to meet the worklng capital requirements of the charity and the trustees are confldent that at thls level they would be able to contlnue the current activltles of the charity In the event of a significant drop in funding. The trustees wlll alm to ensure the continuatlon of current activitles In the event of a slgnlficant 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 satisfled that systems are In place to mltlgate exposure to the major rlsks. structurey governance and management a) Constitution The company is constituted under a Memorandum of Assoclatlon dated 26 January 1979 and Is registered as a charitable company limlted by guarantee (charity number 508435). There have been no changes to the objectlves since the last annual report. The Trustees, who are also the directors for the purpose of company law, and who served durlng the year and up to the date of slgnature of the flnancial statements were as noted below. John Anson Linda M Berry James M Haddow John A Jackson Howard A Jones Janet L Stonham (ceased 19th February 2025) Mark Sears Kyle S Lawrenson b) Method of appointment or election of trustees The management of the company is the responslblllty of the trustees who are elected and co-opted under the terms of the Articles of Association. The company's exlstlng board of trustees were Individually appointed on the strength of thelr respectlve background, the network of contacts of the relevant trustee and an obvlous enthusiasm and commitment to support the company on an ongoing basss. The board may from time to tlme, and at any time, appoint any member of the company as a member of the board of trustees. The decision to elect new trustees to the board Is based upon the avallability of sultable candldates with a requlsite skills base together with an acknowledgement by the board that addltlonal support would be beneflclal in order to assist In the company's development.
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2024 When considering new trustees, the board has regard to the requlrement for any specialist skills needed, for example to enhance the potentlal pool of trustees. c) Organisatlonal structure and declslon making The affalrs of the company are admlnistered by the board of dlrectors, who are also the trustees and must comprise not less than five members. The board may from tlme to time reglster an increase, subject to the number of members not exceedlng fifty. The board meets every 6 times a year and there are working groups which meet, as required, at other times to address speclflc governance or operational Issues such as development, flnance, risk management, fundraislng etc. A Chief Executive Is appointed by the trustees to manage the day to day operatlons of the charlty. To facllltate effectlve operatlons. The Chlef Executive has delegated authorlty, within terms of delegation approved by the trustees, for operatlonal matters relating to flnance, employment and artistic programme. d) Policies adopted for the induction and training of trustees New trustees are provlded with information on thelr legal obllgatlons under charlty and company law, the content of the Memorandum and Articles of Association, the committee and decision maklng process, the buslness plan and recent flnancial performance of the company. During thls inductlon they meet the key employees and other trustees. Trustees are encouraged to vlew the work delivered by the theatre and its employees and volunteers. Trustees are also encouraged to attend all productlons and approprlate training events. e) Rlsk management The trustees perlodically revlew the major rlsks to which the company Is exposed, in partlcular those related to the operations and finance of the companyi and are satisfled that systems and procedures are In place to mltigate our exposure to the major rlsks. In partlcular insurance cover Is In place and the flnances of the charity are revlewed regularly. Partlcular attentlon has been focused on PAT testlng, health and safety of artists and audience, and management of performlng rights. A key element in the management of financial rlsk Is the settlng of reserves pollcy and its regular revlew by trustees. Plans for future periods To build on the success of the past few years, to malntain the enthuslasm of all concerned with the theatre workings and to keep the wonderful reputation wlth the publlc that we have created for this unlque Communlty hub. The Trustees report was approved by the Board of Trustees
Blackburn Empire Theatre Ltd Trustees, Annual Report for the year ended 31st December 2024 ar Kyle S Lawrenson Trustee Trustee 18th September 2025
Blackburn Empire Theatre Ltd Independent Examiner's Report to the Trustees for the year ended 31st December 2024 I report to the charity trustees on my examination of the accounts of the company for the year ended 31st December 2024 whlch are set out on pages 10 to 20 Responslbilities and basis of report As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts In accordance wlth the requirements of the Companles Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not requlred to be audited under Part 16 of the 2006 Act and are ellglble for independent examlnation, I report In respect of my examination of your company's accounts as carrled out under sectlon 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directlons given by the Charity Commlsslon under sectlon 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examinatlon. I confirm that no matters have come to my attention in connectlon with the examinatlon glving me cause to belleve that in any material respect: accounting records were not kept in respect of the company as requlred by section 386 of the 2006 the accounts do not accord wlth those records. or the accounts do not comply with the accounting requlrements of sectlon 396 of the 2006.Act other than any requirement that the accounts give a 'true and fair vlew, which is not a matter considered as part of an independent examlnation. or the accounts have not been prepared In accordance wlth the methods and principles of the Statement of Recommended Practlce for accountlng and reportlng by charltles applicable to charltles preparing thelr accounts In accordance wlth the Financlal Reporting Standard appllcable In the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to whlch attention should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. David Evans FCA Independent Examiner Member of the Institute of Chartered Accountants in England and Wales Date: 18th September 2025 Davld H Evans Ltd Unit 27 Mltton Road Business Park, Mitton Road, Whalley, Clitheroe, BB7 9YE
Blackburn Empire Theatre Ltd statement of Financial Activities (including Income and Expenditure account) for the year ended 31st December 2024 Unrestricted Funds Restrlcted funds Total funds 2024 Total funds 2023 Note Income frorn: Donatlons'and legacies 8,649 10,000 18,649 10,568 Charitable actlvltles 520,785 520,785 449,935 other income 4,110 4,110 1,700 Total Income 533,544 10,000 543,544 462,203 Expenditure on: Ralslng funds Charltable actlvltles 581,229 7,806 589,035 405,281 Total expendlture 581,229 7,806 589,035 405,281 Net (outgolng)/lncoming resources before transfers (47.685) 2,194 (45,491) 56,922 Transfer between funds Net movement in funds for the year (47,685) 2.194 (45,491) Reconclllatlon of funds Fund balances at 1st January 2024 433,551 433,551 376,629 Fund balances at 31st Dernber 2024 385,866 2,194 388,060 433,551 The statement of flnanclal actlvltles Includes all galns and losses recognlsed in the year. All Income and expenditure derive from contlnulng activities. The statement of financlal activities also complies with the requlrements ftir an Income and expenditure account under the Companles Act 2006. io
Blackburn Empire Theatre Ltd Company number 01411764 Balance sheet as at 31st December 2024 Note 2024 2023 Fixed assets Tanglble assets li 267,287 278,816 Current assets Stocks 12 3,378 3,691 449,932 2,404 2,813 342,577 Debtors 13 Cash at bank and In hand Total current assets 457,001 347,794 Liabllltles Credltors: amounts falllng due in less than one year Net current assets 14 (333,728) (184,559) 123,273 163,235 Credltors: amounts falling due after more than one year 15 (2,500) (8,500) Net assets 388,060 433,551 The funds of the Charity Restrlcted Income funds 17 2,194 385,866 Unrestrlcted Income funds 433,551 Total charlty funds 388,060 433,551 For the financial year ending 31 December 2024 the company was entitled to exemption from audlt under section 477 ofthe Companies Act 2006 relating to small companies. No member has required the company to obtain an audit of ils accounts for the year in question In accordance wSth Seotion 476 of the Companles Act 2006. The directors acknowledge their responsibility for complying with the requlrements 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, reglme. The Notes on pages 12 to 20 form part of these accounts Approved by t e T ustees on 18th September 2025 and signed on their behalf by: ar Kyle S Lawrenson li
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2024 l Accounting po15cies Blackburn Empire Theatre Ltd is a private company Ilmited by guarantee Incorporated In England and Wales. The Reglstered Office is Aqueduct Road, Ewood, Blackburn, BB2 4HT. The princlpal accountlng policies adoptedi judgments and key sources of estlmation uncertainty In the preparation of the financial statements are as follows" 1.1 Basis of preparation The financlal statements have been prepared in accordance wlth the charlty's governlng document, Accountlng and Reporting by Charlties: Statement of Recommended Practice appllcable to charities preparing their accounts In accordance wlth the Flnancial Reportlng Standard applicable In the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charltles SORP (FRS 102), the Financial Reportlng Standard applScable in the UK and Republic of Ireland (FRS 102A) and the Companies Act 2006. The charlty has tsken advantage of the provislons In the SORP for charltles applying FRS 102 Update Bulletln I not to prepare a Statement of Cash Flows. The accountlng statements are prepared In Sterlingi whSch is the ftjnctional currency of the charity. Monetary amounts In these financlal statements are rounded to the nearest £1. The financial statements have been prepared under the historical cost conventlon. The prlncipal accountlng 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 thelr charitable objectlves. Restrlcted funds are subject to speclfic condltlons'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 charlty has entitlement to the funds, any performance condltlons attached to the item(s) of income have been met and it is probable that the income wlll be recelved and the amount can be measured rellably. 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 St is probable that the income will be recelved and the amount can be measured reliably and Is not deferred. Income recelved in advance of a provision of a specifted service is deferred until the criteria for income recognltlon are met. Turnover is measured at the falr value of the consideration recelved or recelvable and represents amounts receivable for goods and services provlded in the normal course of buslness, net of any dlscounts and VAT. 12
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2024 1.4 Tanglble fixed assets Tangible fixed assets are Inltially measured at cost and subsequently measured at cost or valuatlon, net of depreclation and any impalrment losses. Depreciation Is recognlsed so as to wrlte off the cost or valuatlon of assets less thelr residual value, over the useful lives on the followlng bases: Freehold land and buildings Plant and equlpment Fixtures and fittings Computers 2 % stralght line 6.7 % straight line IOQ/o of the reducing balance 25 % of the reduclng balance The gains and losses arislng on disposal of an asset Is determlned as the difference between the sale proceeds and the carrylng value of the assets and is recognlsed as income or expendlture for the accountlng period.. 1.5 Stocks Stocks are stated at the lower of cost and estimated selllng price. 1.6 Debtors Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepald 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 hlghly Ilquid investments with a short maturity of three months or less from the date of acqulsition or openlng of the deposlt or similar account. 1.8 Credltors and provisions Creditors and provisions are recognlsed where the charity has a present obllgatlon resulting from a past event that will probably result In the transfer of funds to a thlrd party and the amount due to settle the obllgation can be measured or estimated reliably. Creditors and provisions are normally recognlsed at their settlement amount after allowlng for any trade discounts due. 1.9 Taxation The company meets the definition of a charity for UK corporatlon tax purposes. Accordingly, the company is potentlally exempt from corporation tax In respect of Income or capltal gains to the extent that such income or galns are applied exclusively to charitable purposes. 1.10 Retlrement benefits Payments to deflned contributlon retirement benefit schemes are charged as an expense as they fall due. 2 Crltlcal accounting estlmates and Judgements In the applicatlon of the charity's accounting policles, the Trustees are required to make judgements, estimates and assumptions about the carrylng amounts of assets and Ilablllties where the amounts are not apparent from other sources. The estlmates and associated assumptions are based on historlcal experience and other factors that are considered to be relevant. Actual results may subsequently differ from these estlmates. 13
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2024 The estimates and underlying assumptlons are revlewed on an ongoing basls. Revislons to accountlng estlmates are recognlsed In the period in whlch the estimate Is revlsed These Judgements Include stock provision, the provision for bad debts, accruals, prepayments and depreciation. 3 Income from donatlons and legacles Unrestrlcted Restrlcted Total 2024 Donatlons 8,649 10,000 18,649 Grants Total 8,649 10,000 18,649 Total by fund 31 December 2023 10,568 10,568 4 Income from charitable actlvltles Total 2024 Total 2023 Theatre tlcket sales 266,503 172,661 60,607 8,120 3,326 9,568 520,785 241,773 138,111 55,108 7,895 5,132 1,916 449,935 Bar, refreshments and merchandise sales Room and equipment hlre Raffles Sponsorship and advertlslng Sundry Income Analysis between funds: Restrlcted Unrestricted 520,785 520,785 449,935 449,935 5 Other Sncome 2024 2023 Interest received 4,110 1,700 4,110 1,700 Analysls between funds: Restricted Unrestricted 4,110 4,110 1,700 1,700 14
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 315t December 2024 6 Charitable activities 2024 2023 Theatre costs and artists 206,915 60,895 321,225 589,035 94,806 53,745 256,730 405,281 Bar, refreshments and merchandlse Share of support costs (see note 7) Analysls between funds: Unrestrlcted 581,229 7,806 589,035 405,281 Restricted 405,281 7 Support costs Total 2024 Total 2023 Staff costs 112,762 11,529 26,077 4,952 25,313 11,475 2,895 2,520 3,351 4,424 5,637 49,693 13,458 4,907 22,251 14,036 1,130 4,541 274 82,626 11,969 27,114 3,015 21,924 9,835 4,234 5,029 3,392 3,333 5,737 24,871 10,491 7,874 18,283 12,884 1,139 2,537 443 Depreclation Advertlsing and marketing Water and general rates Light and heat Insurance Telephone Professlonal fees statlonery, postage, printlng and webslte Accountancy fees Volunteer expenses Repalrs and malntenance Licence fees Cleaning and waste disposal Tlcket issuing system Card merchant and onllne sales commlsslon Bank charges Miscellaneous Bank loan Interest 321,225 256, 730 2024 2023 Unrestrlcted expendlture Restrlcted expendlture 321,225 256,730 321,225 256,730 15
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2024 8 Net movement in funds Total 2024 Total 2023 Net movement in funds Is stated after charglng (crediting): Independent Examlner fees Depreclatlon of owned tanglble flxed assets 11,529 11,969 9 Trustees Janet stoneham, a Trustee untll 19th February 2025, was (and is) a full-tlme employee of the charity and was remunerated as such durlng the accounting perlod. 10 .Staff costs Staff costs for the year were as follows: 2024 2023 Wages and salarles 105,115 79,669 Social securlty costs 4,485 612 Penslon costs 3,162 2,345 112,762 82,626 No employee had employee beneflts In excess of £60,000 (2023: Nil) The average number of full-tlme equlvalent staff employed during the perlod was 4 (2023.4). 16
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2024 I l Flxed assets: tangible assets Freehold land and buildings Fixtures and flttings Total Cost At l January 2024 440,728 282,646 723,374 Additions Dlsposals At 31 December 2024 440,728 282,646 723,374 Depreciation At l January 2024 183,518 261,040 444,528 Charge for the year 8,815 2,714 11,529 Disposals At 31 December 2024 192,333 263,754 456,087 Net book value At 31 December 2024 248,395 18892 267,287 At 31st Dember 2023 257,210 21,606 278,816 12 Stocks 2024 2023 Goods for resale 3,378 2,404 13 Debtors: amounts falllng due withln one year 2024 2023 Trade debtors 3,691 2,813 other debtors Prepayments and accrues income 3,691 2,813 17
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2024 14 Creditors: amounts falling due wlthln one year 2024 2023 Loans 6,000 6,000 other taxation and soclal security 26,562 35,174 Trade creditors 108,493 15,501 Deferred Income 179,532 112,087 Accruals and other credltors 13,141 15,797 333,728 184,559 The amount included In loans is a Bouncé 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. The loan can be repald at any time in full or In part without premlum or penalty. 15 Credltors: amounts falllng due after more than one year 2024 2023 Loans 2,500 8,500 An amount of £2,500 included in loans Is a Bounce Back loan (see details in Note 16). 16 Loans and overdrafts 2024 2023 Loans 8,500 14,500 Payable wlthln one year Payable after one year 6,000 2,500 6,000 8,500 18
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2024 17 Restrirted funds The income funds of the charlty include restrlcted funds comprlslng the following unexpended balances of donations and grants held on trust for speclflc purposes: Balance ati January 2024 Balance at 31 December 2024 Income Expendlture Transfers Restrlcted funds 10,000 7,806 2,194 Balance at 1st January 2023 Balance at 31 December 2023 Income Expenditure Transfers Restricted funds Designated funds The income funds of the charity include the following deslgnated funds which have been set aside out of unrestricted funds by the Trustees for speclfic purposes: Balance ati January 2024 Balance at 31 December 2024 Income Expendlture Transfers Deslgnated funds Balance ati January 2023 Balance at 31 December 2023 Income Expendlture Transfers Deslgnated funds There were not any Designated funds in either the current or prevlous accounting perlods. 19
Blackburn Empire Theatre Ltd Notes to the accounts for the year ending 31st December 2024 18 Analysls of net assets between funds 1st January to 31st December 2024: Unrestricted funds Restrlcted funds Total Tanglble fixed assets 267,287 267,287 Net current assets/(Ilabllltles) 121,079 2,194 123,273 Credltors of more than one year (2,500) (2,500) 385,866 2,194 388,060 1st January to 31st Detrmber 2023." Unrestricted funds Restrltted funds Total Tanglble fixed assets 278,816 278,816 Net current assets/(liabilities) 163,235 163,235 Creditors of more than one year (8,500) (8,500) 433,551 433,551 19 Related party transactlons: Durlng the accountlng period expenses totalling £1,525 (2023: £1,188) were incurred wlth Pennine Fire and Safety Llmlted, a company In which Mr J Jackson, a trustee, Is a dlrector. During the accounting perlod expenses totalling £2,164 (2023: £4,061) were Incurred with Unlfied World Communlcatlons Limited, a company in whlch Mr H A Jones, a trustee, Is a dlrector. 20