Company reglslratlon number: 0141176 Charlty rgglstratlon number. 508435 BLACKBURN EMPIRE THEATRE LTD TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Davld H Evans Lld
Blackbum Emplro Thoatrn Ltd Contents Pag• Raference and Admlnlstratlve Detall$ TTustse$' Report 24 Independent Examinerf$ Report ststement of Flnandal Advlti8s (Induding Income and Expendllure Aocountl Comparatlve Statèment of Flnanclal AclMlle8 Uncludlng Incom8 and ExpendltureAccounl) Balancè Sheet 10 Statement of Cash Flows 11 Not9510 th8 Statsment of Ca8h Flows 12 Notes to the Flnan¢lal Statements 120
Blackburn Emplro Th8atre Ltd Ro16renG• ond Admlnlstratlve D&talls For The Yoar End•d 31 Decomber 2025 Tru8t•OS John Anson Linda Bery Jam6s Hadd¢)w John Jockson {reslgned 1810412026) Howard Jones Janet stonham (reslgned 19102120251 Kyle Lawranson Mark Sears Company 8•crelary Llnda Berry Charlty Numbor 508435 Company Numb•r 0141176 Prlnclpal Addr•ss Aqueduct House Ewood Blackburn Lan¢a8hire BB2 4HT Indopond•nt Examlner Davld H Evan$ ICAEW David H Evans Ltd Chartered A¢¢o¢Jntants Unlt 27B. Mltton Road Bu8ln8ss Park Mltton Road Whalley Lancashlrg BB7 9YE Page 1
Blackburn Emplre Thoatr• Ltd Company No. 0141176 Tru$t80$' Report For Tho Y•ar Ended 31 Docember 2025 The tru$te88 present th8ir report and the finandal statements for the year ond8d 31 De¢amber 2025. ObJectlv•$ and A¢tlvltle8 Alms and Objectlv The prtnclpal oblectlv8 of the charity Is to proThte, malntaln, Improve. asslst and advance publ1¢ educatlon, appreatiOn and und8rstsnding ol the arts indudlng the arts of deslgn. drama, mlme. dance. slngln9 and music to fomiulate, prepare and e8tabllsh $¢hemes thereof. Th8 thoatre has the general alm of contrlbutlng to the quallty of Ilfe of our partlclpants and audlence8 by expanding their horlzons through the provlslon ol exclllng, challenglng and accessible profés$lonal and communlty arts events. The 8trat8gles employed to achleve the ¢haritVs objectivès are to: Wolwme new and existlng audlences by pre8entlng a programme that wlll Inspire and entertaln through its artlstic and ¢ultural dlver8ity', Concentrata on involvlng young people In tha arts to help encourage a culture in which dlfferent age ranges play a complgmenlary part- Provlde placements for volunteers to work wllh tho charity to galn a greater und8rsl8ndlng of how a ihaatre oporatgs and gukle Ihem In future employmenL Volunts•r• Volunteers are an e988ntlal and extremely ImF4Ntant resource In our Theatre. They are Involved In most of our aGllvltles ranglng from the box office, cleanlng, front of house, 8tage management, te¢hnlcal support and mannlng the bar. Al our Truste88 al80 glve of thelr tlma freely. A¢hlevemonts and Porformanco Maln A¢hl•vem•nts Chalrman's revlew of a¢tlvhlg8 At a lime when venues are slruggllng to attra¢t audlences along with faclng a challenglng economic sltuallcn It18 pleaslng to r8POrt that 2025 was a year In which the Emplrg Theatre experienced ¢on8id8rabl8 success. That, In no small part, wa5 down lo tha commitment and profes81onallsm demonstrated by the small team of •mployees worklng alongsld8 our dedicatsd group of voluntser8 who are In many ways the Irfoblood of the organisatlon. A major ¢h8nge during the year 8aw Iha appolnlment of Kris Connell as the full-time th&alr8 manager wlth overall responslbillty for Ihe everyday runnlng ol th8 venue Induding programmlng shows and Implementlng development plans as approved by tha board. A more analytlcal approach lo th8 nature of show8 belng 8t8ged at the Iheatre has resulted In Increased audl8nce numbers wlth a number of Shows bolng total sell•OUts. These ranged from leadlng tribute shows, children's shows and Ilve muslc demonslratlng Ihat the theatre18 appeallng to a wlde demographlc, The ma11ty of othèr Shows also sold extrem8ly w811. ofton lust leavlng bal¢ony seats avallable on the nlght. Programmlng tho right shows remalns a key prloTlly both In terms of maxlmising box offic9 revenue and a180 In tgm)8 of attracting a wld8 and dlver8e audlenc8 from East Lan¢a$hir8 and beyond. For a venu6 such a8 the Emplre Theatre, Ihe annual panlomlme 58 m8sslvely Important and Snow Whlte staged In conlunctlon wlth Tom Row6 proved a major su¢ce88. It resulted In record tsklng8 Wlth an extended run of soid out shows. And as a result re-booklng8 from xhools and from the publlc for the panto Sn 2026 wera also at their highest level. ..CONTINUED Paga 2
8lackbum Emplre Theatr6 Ltd Trustg05' Report (conllnuedl For The Y•ar Ended 31 De¢8mber 2025 Maln Achlovements- ¢ontlnued The Emplre is proud to b8 the offl¢lal homa for a variety of arls groups, wlth our tènants contrtbutlng to tho Ilfe of the thgatre. Durlng the y6ar. the Emplre hosted producllons and perfomiances from a number of groups and 80cietle¥ who ara tenants Including Blackbum Musl¢al Th&alre Group, Blackburn Drama Club. Blackburn G&S, Made for Stage and Zoe Taylorfs DanceAcademy. Oth&r groups who stage performanc88 and shows on a regular basls Include Create Theatre Acad8my, Katrina's Dan¢9 Acadomy. the Bernose School of Dance. House of Fusion, Prfma Dan¢8, Dance Syndrome and Rossendale Sports School. Long-standing tenants Pendle Productkins slgned 8 new18a8e on a 8mallor room durfng tha year which In tum freed-up thalr fomior 'home' to be ¢onverted Into a new rehear$818paco. A now enlran¢a Including a small recepllon space complete wllh kitchen and tollet and disablld access was nStrUcted. The room was Insulated 8nd a naw sprung dancefloor pul d¢)wn and once completo Made For Stage became our nawest tonants slgning 8 new l&ase. The CreaOn of a new rehe?r8al space was lust one of a serl8s of improvements carrfed out durlng the year wllh the majority of the work belng undertaken durlng the annual -week 'shutdown' In August, other work cathed out in 2025 included the r8furblshment of the foyer tollets includlng new unlts, Sinks. tollets, urinals and new Iloorlng. The Go's, a group whlch Is based 8t the Ihoatre, donatsd £1000 whl¢h wa8 U88d to upgrade and refurblsh Tho Green Room. maklng It a welcom8 space for all arbsts to use pr8 show, In this space are 80tte8s. bean bags, a frldge, coffee 8 tea maklng facllltles and a TV. A new sprung floor was fitted in the D8nc8 Sludlo CUTr8ntty o¢¢upled by Zoo Taylor Danco Academy 8nd a new dan¢8 floor was fitted Into the Bory Room maklngll a much more usable 5pac8. Plans are already in place to improve th8 orchestra plt In the maln theatre In 2026. Flnanclal Rovlow Re•erv•s Pollcy The ro8erv68 pollcy of the tN8t8es is to ensure that the company safely commlts as much a$ possSblo 10 furthering It8 objectives whll81 r8talnlng finandal slabillty and its polenllal to identlfy and explolt opportunltl6G. Tho Iruste88 havo examlned the charitys requlrem8nt for reserves In the Ilght of tho main risks to the orgonlsauon. It ha$ establlshgd a pollcy whereby the unrg8trlct8d funds not commltted or Invesl8d in lan9ible flxed assets held by the charity should be at least 3 months of th6 monthly expendlture of approxlmalely £47,100. The reserves are needed to meel tha worklng capltal requir¢ments of tha charlty and the trustees are Confent that at this level thay would be able to contlnue the currant actlvities of the charity In the event of a significant drop in fundlng. The trustees wlll alm to ensura the contlnuation of Current acllvltles in the 8vent of a slgnfflcant drop In Income. In th1$ event It would be nec8888ry to con8ld8r how fiJndlng would be r8placed or the a¢tlvit108 changed. Tho Trustees has assess&d the major rlsks to whlch the charty18 exposed, and are satlsfied Ihal systems aro In place to mltlgate exposure to the major risks. Page 3
Bl•¢kburn Emplrn Thoatr• Ltd Thistees. Report (contlnuod) For Th¢ Year Ended 31 December 2025 Golng Conrn After maklng appropriat8 onqulrles, the Iru8tees have a reasonable 8XPO¢tation that the company has adoquate r6sourc88 to ¢onllnuo In operational existence for th8 for8seeable future. For this reason they conllnue to adopt the golng concem basis In preparing the finan¢l8181atemonts. Rlgk Managemont The trustees perlodlcally revlew the major risks to which the company Is exposed, In parliGular thos• related to the operatlons and flnance of the company. and are sati8fi8d that Systems and procedures arn In plac8 to mitigate our exposure to tho major rlsks. In partlcular Insurance cover18 In pla¢• and the flnances of the charlty ara revlewed regularly. Partlcular attentlon has b88n fo¢u88d on PAT testing, health and $af8ty of artl8ts and audl8nce, and management of perfomiing rlghts. A key element in the management of flnanclal rlsk18 th8 $8ttlng of reseTves policy and ils regular revlew by trustees. Structur•, Govornanco and Manag•m•nt Governlng Do¢ument The compary18 constituted under a Memorandum of ASSl8110n dated 26 January 1979 and 18 reglstered as charltable company Ilmll8d by guarantee (¢harfty number 508435). There have been no changes to the objeIveS slnco the last annual report. Trust00 S•lectlon Mfrthods The management of tho wmpany is the re8pon$lblllty of the trustees who are elected and CQwOPted under the t8m8 of the Artlcles ofAsso¢latlon. The companY8 existlw board of tru8t8es were Indlvklually appolnted on the stmngth of th8lr resp8ctlv6 background, the nOtrrk of contacts of the relevant trustee and an obvious enthusiasm and commltmènt to Sup[ Iho company on an ongolng basls. The board may from time lo tlme, and at any tlme, appolnt any member of Ihe company as a mèmber of the board of trustees, The deGi$lon to elect new trustees to the board Is based upon the availability of suitabl8 candldates wlth a requlslto skllls base together wlth an acknowledgernent by tha board that additlonal support would be b8neflclal In order to as8Ist In th• companys development. When conslderlng now trusteès, the board h88 regard to th8 requlremenl for any 8pe¢lalSst ski118 needed. for example to enhanco th& potentlal pool of tfU$tee8. Poll¢lfr• adoptsd for th• Inductlon and tralnlng of trust•os: Naw trustee5 are provlded wlth infomiallon on thelr legal obllgatlons under charlty and company law, the ¢ont8nl of the Momorandum and Artlcl8s of A8soclalion, the commlttee and daclslon maklng PTOC8S8, the busin888 plan and recent flnancial performance oflhe company. Durfng th1$ Inductlon they m88t the key employees and other trustees. Trustees are ancouraged to vi8w Ihe work rjellvered by the theatre and Its employees and volunteers. Trustee8 ar8 8180 encouraged to attend all produ¢tlon8 and approprtatè tralnlng everrts. Page 4
Blackbum Emplre Thoatre Lld Trustges. Raport (¢ontlnuod) For Tho Yoar Endod 31 December 2025 Organl$atlonal $tructur• and declslon maklng The 8ffalrs of the charflable company are admlnlsterod by the board of dlrectors, who are also the trustees arKI must ¢omprtse not le88 than five members. The board may from tlme to tlme reg18ter an Increase, subject to tho numbor of m8mbers nol exceedlng fifty. Th8 board meet6 every 6 Ilmes a year and th8re are worklng group8 whlch m88t. as requlred, at olher times to address speclflc govemance or oporallonal18sues such as developmenL finance, rfsk management, fundral$lng A Chl8f Exe¢utlv8 Is appolnted by the Irusteog to manage the day to dgy operatlons of the charlty. To facllltate effectiv8 operatlons. The Chlef Executivo has delegated authorlty, wllhln tems of del8ggtlon approved by tho trustses, for op&ratlonal matter8 relallng to flnance, employmenl and artistlc programme. Small Company Rules This report has been prepared in a¢cordance wllh the speclal provisions relating to Companies sUbCl to the Small comp8nles rgglme wilhln Part 15 ofthe Companles Acl 2006. The trustees, report wa$ approvèd by the board of trustees and slgnod on Its behalf by: Kyle Lawrenson Trustee 1010812026 Trusloe Pago 5
Blockburn Emplre Theatre Ltd Independent Examinerfs Report lo the Trust99$ of Blackburn Emplre Theatrn Ltd For The Year Ended 31 December 2025 I report to the charity trustees on my examination ol the accounts of the Company lor the year ended 31 December 2025. Responslbllltle$ and Basls of Roport As tho Gharlly Iruslees of the Company land also Sls directors for the purposes of company lawl, you are responsible loi the preparatlon of the aceounls In accordance with the requirements ol the Companies Act 2006 (Ihe 2006 Act°l- Havlng satisfied myself Ihal the accounts ol Ihe Company are nol requlred lo be audited under Part 16 of the 2006 Act and are eliglble for independent oxaminallon, I reporl in respect of my examination of your charily's accounts as carried out under section 145 01 th8 Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examinallon I have followed the Directions givgn by the Chaiily Commission under s8clion 145151 Ibl of the 2011 A¢t. Independent Examlnerfs Statement Sincg the Company's gross Income exceeded £250,000 your examiner musl be a member of a body lisled in section 145 ol the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member gf The Institute ol Charlered Accounlanls in ErKJland and Wales, whlch is one of the lislgd bodS8s. I have completed my examination. I confirm Ihal no matters have come lo my attention in connection with the examination giving me oause lo beliovo: accounting records were not kept in respect of the Company as required by sedion 386 ot the 2006 Act,. or 2. the accounts do not accord wSlh those r8cords', or 3. the accounts do not comply with the accountlng requirements ol section 396 of the 2006 Act other than any requirement that the accounts glve a'lrue and fair view, which is not a maller considered as part of an independent gxamlnalion; or 4. the accounts have not been prepared in accordance with th8 methods and prlnciples ol the Statement of Recomm8ndgd Practlce lor accounting and reportlng by charities applicable lo charities prèparing Ihelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no collcerns and have come across no other matters In conn8clion with tho examination lo which attention should be drawn in Ihls report in order to enable a proper understanding of the accounts to be reached. David H Evans ICAEW 1010812026 Unil 278, Mitton Road Business Park Milton Road Whalley Lancashlre 887 9YE Page 6
Blackburn Emplrè Theatre Ltd 8tatem•nt ol Flnanclal AGtivltles (Includlng Income and Expondlture A¢count For The Year Endod 31 Decomber 2025 2025 2024 Unrestrf¢tod R•8trlcted Total fund8 funds fund• Tolal funds Note• INCOME AND ENDOWMENTS FROM: Donatlons and lega¢l88 Charitable actlvitles: Running a theatre. Investments 10,576 10.576 18,663 690.515 690,515 520,785 4,110 705,531 705,531 643,548 EXPENDITURE ON: Charitable actlvltles: Runnlng a theatr•. NET INCOMEI(EXPENDITURE} (563,015) {2.194) (565,209) {589,038) 142,516 (2.194) 140.322 {45,490) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS.. Total funds brought fonvard TOTAL FUNDS CARRIED FORWARD 142.516 {2,194J 140,322 {45.490) 385,867 2.194 388,061 433,551 528,383 388,061 18 528,383 The notes on pag85 12 to 20 form part of these flnandal Statements. Pag6 7
Blackburn Emplre Thoatrn Ltd Comparatlvo Statomont of Flnanclal Acllvltles Ilncludlng Incomo and Expondltur• A¢¢ount) For The Year Endod 31 Dècembor 2025 2024 Unr•$trlcted R98trlctod Total funds funds funds Notes INCOME AND ENDOWMENTS FROM: Donatlons and16ga¢le$ Charltabl8 a¢llvltles'. Runnlng a thealre. Inv8slment8 8,653 10,000 18,653 520,785 4,110 520,785 4,110 $33,548 10,000 543,548 EXPENDITURE ON: Charitable activltles: Runnlng a theatra. NET EXPENDITURE {581,232) (7,806) (589,038) (47,684) 2.194 {45,490) NET MOVEMENT IN FUNDS RECONCILIATION OF FUND8: Total funds brought forward TOTAL FUNDS CARRIED FORWARD {47.684) 2,194 {45,490) 433,551 433,551 18 385.867 2,194 388,061 The not8$ on pages 12 to 20 fomi part of these flnancial statsm8nts. Page 8
Blackburn Emplre Theatre Ltd Balanco Sh•et A¥J At 31 D•G•mber 2025 2025 2024 Unrnstrfctod Rostrlcted Total funds funds fundj Totsl funds Notes FIXED ASSETS Tanglble Assets io 256,039 256,039 267,288 256,039 256,039 267,288 cuRREr ASSET8 Slocks Debtors Cash at bank and in hand 11 12 4,082 7,517 591,344 4,062 3.377 7,517 3,691 591,344 450,001 602,923 602.923 457.069 Credltors: Amounts Falllng Du8 Wlthln Ono Y•ar 13 (330.579) <330,579) {333,796) NET CURRENT ASSET8 (LIABILrriE8) 272,344 272.344 123,273 TOTALA8SETS LESS CURRENT LIABILITIE8 528,383 528,383 390,561 Credltor8: Amount• Falllng Du• After Morn Than Ono Year 14 (2,5001 NET ASSErs 528,383 528,383 388,061 FUND8 OF THE CHARITY Re8trlcted Funds Unrestrlcled Fund$ 2,194 528,383 385,867 TOTAL FUNDS 18 528,383 388,061 Paga 9
Blackbum Emplr• Theatrn Ltd Balanco Shgot Icontlnued) AS At 31 D•¢¢mber 2025 For the year ending 31 De¢¢mber 2025 the ¢hadtabl8 company was entltled to exemptlon from audSt under sectlon 477 of the Companies Acl 2006 relatlng to small companle8. Th8 members havo not roquired the company to obtaln an audit in accordance wlth sectlon 476 of the Companle5 Act 2006. The truste acknowledg8 thelr re8pon8lblllties for cornplylng with tha requlrements of the Act wlth resp8¢t to accounting records and the preparatlon of accounls. Th88• accounts have been prepared In accordance wlth th8 provl8lon8 appllcable to companles subjèct to the small ¢ompanles reolme. On beh81f of th8 boaTd oward Kyle Lawren80n Trustee 1010812026 Tntee Th8 notes on pages 12 to 20 form part of th6s8 financlal $tatem&nts. Page 10
Blackburn Emplr8 Theatrn Ltd Statement of Cash Flow8 For Tho Year Ended 31 Do¢ember 2025 2025 2024 Notes Cash flow• from oporatlng actlvltles Net ca8h g8nerat8d fromllused In) op•ratlon8 Intsrest pald Net cash generated fromllused In) operatlng actlvlues Cash flowg from Inv••tlng acllvltles Inlerast T8C81ved 144.297 11,3941 142,903 (68,813) 11,404) (70,217) 4.440 4,110 Cash Ilows from flnanGlng a¢tlvltl•• Repayment of bank borrowlngs (6.000) {6.000) In¢reasellde¢rease) In cash and ca8h 8quSvalent8 Cash and cash equlvalents at b8glnning of year Cosh and cash equlvalonts al end of yaar 141,343 450,001 {72,107) 342.576 591,344 270,469 Page 11
Blackbum Emplro Theatr• Ltd Notes to tho Statement of Cash Flows For The Year Ended 31 Docomber 2025 1. R•Gonclllallon of Incom{0xpendIture} to ¢a8h goneratod fromllused In) op•rattons 2025 2024 Net incomellexpendlture) AdJustm8nts for.. Interest expènse Inlarest Incom8 Depr8clatlon of tangSble 88sets Movements in working ¢8Pital.' Incrèase In stocks D8creasel(Increas81 In trad& And other debtor8 {Decr8aseylncrease In trada and other cr¢dltor8 Ngt cash gonerated froml{u$ed In) operalions 140,322 (45,490) 1.394 {4,4401 11,249 1,404 (4,110) 11,528 (685> 20.939 {24,482) 144.297 (973) (112,966) 81.794 (68.813) 2. Cash and cash wulvalents Cash and ca8h gquivalents, as stated In the Stat8ment of Cash Flows. rolatos to the followlng Item8 In the Balance Sheet: 2026 2024 Cash at bank and in hand 591,344 450,001 3. Analys18 ol change3 In not fundF A8atl January 2025 Cash flows Asat31 Do¢emb•r 2025 Cash 8t bank 8nd In hand Debts falling due wlthln one year Debts f8111ng due after more than one year 450,001 (6.000) (2,500} 441,501 141.343 3,500 2,500 591,344 (2,500) 147,343 588,844 Page 12
Blackburn Emplre Thoatre Ltd Notes to tho Flnan¢lal Statemonts For Tho Year Endod 31 December 2025 1. General Infoall0Th Blackbum Empir8 Theatr8 Lld 18 a company Ilmited by guarantee. Incorporated In England & Walos, registered number 0141176 and reglslered charlty number 508435. Th6 registsred officg is . 2, Aecounllng Pollclos 2.1, Ba81• of Pr•parallon of Flnan¢lal Statsments The financial st8tements have been prepared in a¢conlan¢a with the Charlll88 SORP (FRS 102) 'AaUnting and Roporting by CharSlles' Stalement of Recommgnded Practl¢e appll¢able to charllles proparlng Ihalr aexounts In accordance ttl the Flnandal Reporting Standard applicable In the UK and Republlc of Ireland (FRS 1021 (effecllve 1 January 2019).. Flnancial Reportlng SlandaTd 102 Yh8 Flnanclal Reportlng Standard appllcabla In the UK and Republic of Ireland. and the Companies Act 2006. The ¢hadtable company Is a Publlo Benefit Enw as defined by FRS 102. 2.2. Incomlng Resourc0• Income is rscogni50d when tho charlty ha$ entltlement to the funds, any performance condlttons attached to the Itemls) of Income have been m8t and It Is probable that the Incomo wlll be re¢elved and tha amount can be measured reliably. Income from government and other grants, whelher 'capital' grants or 'rev8nue' grants. Is recognlsed when the charlty has entltlement to th8 fvnds, any performance conditions attach6d to the grants have be8n mel and It 18 probable that tho Income wlll be received and the amount can be measured reliably and Is not deferred. Income rec8lved in advanc8 of a prov181on of a $p8clfled servlce is doferred unlll th8 crlterla for Income r8cognlllon are ffleL Tumover is measured at the falr value of the Conslderatlon rec8lved or r6calvable and represents amounts recelvable for goods and seNlce8 provlded In the normal course of business, net of any dlscounts and VAT. 2.3. Tanglbl• Flxod A•g•ts and Depr•clatlon Tangibl6 fixed assets ar8 m8asur8d at co$l18ss a¢¢umulated d8pr8clatlon and any accumulated Impalmient losses. Depreciation Is provlded at rate8 calculaled to write off the Cost of the fixed as$et8. le55 Ihelr e8timaled rgsidual value. over thelT expected usefvl Ilves on Ihe ft)Ilowing bases: Freehold 2Yo of cost Flxtur8s & Flttlngs 10Dh of the reducing balance Page 13
Blackburn Emplre Thealro Ltd Not•¥ lo the Flnanclal Stalom¢nt8 (contlnuod) For The Year Ended 31 December 2025 2.4. Stock8 and Work In Progrnss Stocks and work In progress aro valued at the lower of cost and net reallsable valu8 after making due allowance for obsolet8 and slow-moving sto¢k$. Cost Is determlned using the first-ln. first-out method. Cost Includes all dlrect costs and an appropriate proportlon of fixed and varfable ov8rheads. Work in progre88 1$ reflected In Ihe accounts on a eJ)nlra¢t by conlract basis by recordlng turnovar and related costs as Gontract activity progrosse8. At the end of each r8portlng P8Tlod stoGks are ass¢$sed for Impalmient. If an Item of stock18 Impalred, the identlfied stock Is reduced lo Its Selling prlce less Costs to Complete and 8811 and an Impalrm8nt Charge 15 re¢ognisod In the statement of fln8nclal activltles. Where a raversal of the Impairment Is requlred tha Impairment ¢harg8 Is raversed, up to the orfglnal Impalrment 105s, and Is recognlsed 89 a credlt In th8 Statement of finandal activities, 2.5. Ca•h and Cash Equlval•nt8 Cash and ca3h equlvalents are basic financlal a¥$ets and include cash In hand and deposits held at call wlth banks. other $hort-term hlghly Ilquld investments that matur8 in no more than three months from the data of acqulsllion and are readlly convertlbl8 to a known amount of cash with In$lgnificant rfsk of change In value, and bank overdrafts. 3. Incom• from Donallons and Lfjga¢l•s 2025 Unreslrf¢tsd R•strlcted funds Total fund8 lund• Donatlons and glfts 10,576 10.576 2024 Unr•strl¢ted Rostrloted fund• fund8 Total nds Donations and g1ft8 8,653 10,000 18,653 4. Invutment Incom• 2025 2024 Unr8strlctsd Unrestrlcted funds funds Bank Interost receivable 4,440 4.110 Page 14
Blackburn emplrè Thealr• Ltd Nots• to the FlnanGlal Stat•mgnts Icontlnu•d) For The Year Ended 31 08mber 2025 5. Not Incomol(Expendlturn) The net Incomel(expendlture> Is stated after ¢hargingl(credlllng).' 2025 2024 Depreclalion of tanglb18 flxed 8388ts- owned 11,249 11,528 6. Analys18 of Expondtture 2025 Actlvltl•s undgrtak•n dlrfr¢tly Support costs (see note 7} Totsl Running a theatre. 194,144 371,065 565,209 2024 Actlvltles 8upport undertalten costs dlreclly {se8 note 7> Total Runnlng a thgatre. 268,9D3 320,135 589.038 7. Support Cost8 2025 Running a theatre. Employeo Costs Pr8ml888 exn808 Gonaral admlnlstrali Depreciatlon Interesl payablo 124.734 113,848 119,840 11.249 1,394 371,065 Page 15
Blackburn Emplre Theatrn Ltd Note• lo the Flnan¢lal Slatom8nts {contlnuod) For Tho Year Endod 31 De¢embor 2025 2024 Runnlng a theatre. Employee costs Pr8mlses expenses General admlnlslration Depreciatlon Interest pay8bl8 118,400 84,865 103,938 11,528 1,404 320,135 8. Staff Costs Staff co$is were as lollow8: 2023 2024 Wages and salarles Social security costs Other pension ¢08ts 111,220 2.397 3,337 105.116 4,485 3.162 116,954 112,763 No employees recglved omployae b8neflt8 {excludlng employer p8n8lon Gostsl for tho reporting perlod of mor8 th8n £60.000. 9, Averagg Number of Employoos Average number of employees durlng the year was.. 4 {2024: 4) 10. Tanglblo AsS0ts Land & Property Frn•hold Flxturo• & Flttlngs Co$1 A8 al 1 January 2025 As at 31 De¢embgr 2025 440,728 282,646 723,374 440,728 282,848 723,374 ..CONTINUED Page 16
81ackbum Emplre Thoatro Ltd Notes lo tho Flnanclal Slatsmonts loontlnuod) For The Year Endod 31 Decombgr 2025 Depreclatlon As at 1 January 2025 Provlded durfng the period 192,332 8,815 263.754 2,434 456.086 11,249 As at 31 December 2025 201,147 266,188 467,335 Not Book Valu• A8 at 31 Dacember 2025 239,581 16.458 256,039 As at 1 January 2025 248,396 18.892 267,288 11. Slock• 2025 2024 Stock 4,062 3,377 12. Dobtorn 2025 2024 Duo wlthln one year Trado debtors 7.517 3,691 13. Cr•dltors: Amounts Falllng Du• Wlthln One Year 2025 2024 Trade credltOT8 B8nk loans and overdrafts Other credltors Taxatlon and 80cial 8urIty Accruals and def8rred Income 15.310 2,500 9,848 46,465 256,456 108.491 6.000 6,429 26,562 186.314 330.579 333.796 14. Crodltors: Amoun1• Falllng Duo After Morn Than Ono Y•ar 2025 2024 Bank loans 2,500 Page 17
Blackburn Emplre Th••tre Ltd Nots8 to the Flnan¢la1 Statomonts (contlnuodl For The Year Endgd 31 Do¢ember 2025 15. Loan• An analy$l$ of the maturfty of loans 1$ glven below: 2025 2024 Amounts lalllng due withln one y8ar or on demand.. Bank loans 2.500 6,000 2025 2024 Amounts falllng due betsvaen one and flve years.. Bank loan8 16. Dfjforr•d In¢ome Deferred Income movements In Ihe year woro a8 follows: 2025 2024 Balance at the start of the pertod Income def&rr8d In the Jrrent perfod Amounls released in Incom8 from prèviou8 pertods 179,532 265,115 204,297 179,532 {179,532} (265.115) 204,297 179.532 Balance at th8 ond of the park)d 17. Pon$lon Commltm•nl8 The charftable Company operates a defined conlrtbjlion penslon Scheme. The assets of the schom8 are held 8eparatsly from Ihose of the charitable Company In an independenty admlnlslered fund. Durlng the year the ¢harge to the ststemenl of flnandal actlvllles In respecl of d8fin8d contributlon schemes wa8 £3,33712024: £3.162). At th& balance sheet date ¢ontdbutlon8 of £NIL were due to tho fund and aro Included in crodltor8. 18. Movement In Funds A8a11 January 2025 Asat31 Decomb•r 2025 Incomè Expendltur• Unr•8trlct•d funds General.. General unrestricted fijnd 385,867 705.531 1563,015) 528,383 ..CONTINUED Page 18
Blackburn Emplrn Thèatre Ltd Notm to tho Flnanclal Stsloments (contlnued For Th8 Yoar Endod 31 Docemb•r 2025 Restrlctsd fund8 PA System 2,194 (2.194) Total funds 388.061 705,531 1565,209) 528,383 A8at1 January 2024 Asat31 Docombor 2024 Income Expendltur• Unrn•trlct•d funds General: General unre8tr1cted fund Rfrstrlctsd fund¥ PA Sy8tem 433.551 533.548 {581,232) 385,867 10,000 (7,808) 2.194 Total funds 433.551 543,548 {589.038) 388.061 19, Tran8actlon• wlth Truslo None of th8 trustees racelved any remuneratlon or ary other b8neflts from an omployment wilh the charlty or relatsd entity during the current or pr8vlous yoar. Durtng tho year the expanses relmbursed lo the trustaes or paid dlrecty to thlrd partles were a8 follow5.' 2025 2024 20. Rolaled Party Dl8¢lo•ures Ponnlnè Flra and Saf•ty Llmlt•d Mr J Ja¢k60n (Trusteel18 a Diector of Pènnlne Flre and Safgty Llrnltod Purchases from Pennlne Fire and Safety.. £1,704 (2024: £1,525). Unlfiod WoTld Communlcatlon8 Llmltsd Mr H Jones (Tru$t88) Is a Dlr•ctor of Unlfiad World Communlcations Llmlted. Purcha869 from Unffied Worfd Communlcatlon5 Llmlted.. £2,48212024: £2.164). Page 19
Blackburn Empir• Thoatre Ltd Notm to the Flnanclal Stat&mfrnts {contlnu•d) For The Year Endod 31 Dgcember 2025 21. Company Ilmlted by guarant The Company Is lirnited by guarantee and has no Share pItal. Every member of th6 company undertakes to ¢crIbUte to the ass8ts of th8 company. in the event of a wlndlng up, 8uch an amount as may b8 raqulr8d not excaadlng £1. Page 20