2023-04-30-accounts - British American Drama Academy

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			Unrestricted	Unrestricted		Total	Total
		/vores	General	Designated	Restricted	2023	2022
Income and Endowments	from:
Charitable Activities: Fees received			2,729,561			2,729,561	1,635,289
Investment income		3	138,082			138,082	167,806
Other income			200	21,000	11,084	32,284	28,519
Total incoming resources			2,867,843	21,000	11,084	2,899,927	1,831,614
Expenditure on charitable
activities:
Advancement ofeducation		4	2,389,102	46,000	22,538	2,457,640	1,634,243
Total resources expended			2,389,102	46,000	22,538	2,457,640	1,634,243
Net income/(expenditure)	and net
movement in funds for the	year
		6	478,741	(25,000)	(11,454)	442,287	197,371
Reconciliation offunds:
Total funds brought forward			511,114	53,422	22,539	587,075	389,704
Tots) funds carried forward		13,14	989,855	28,422	11,085	1,029,362	587,075

						2023		2022
Cash flows from operating	activities:
Net income forthe reporting	period					442,287		197,371
Adjustments for.
Depreciation					13,762		12,820
Interest and rental income					(l38,082)		(167,806)
(Increase) in debtors					(203,108)		(447,650)
(Decrease) / Increase in creditors					(192,053)		812,702
Increase / (Decrease) in provision					60,000		(115,000)
Net cash used in operating	activities					(459&481)		95,066
Cash flows from investing	activities:
Interest receivable					1,788		190
Rental income					136,294		167,6]6
Purchase oftangible fixed assets					(18,551)		(54,009)
Net cash provided by investing		activities				119,531		113,797
Cash flows from financing	activities:
Bounceback loan					(10,000)
Net cash provided by financing		activities				(10,000)
Change in cash and cash equivalents			in the reporting	period		92,337		406,234
Cash and cash equivalents	at 1stMay				(i)	986,213		579,979
Cash and cash equivalents	at30th April				(i)	1,078,550		986,213
(i) Analysis ofchanges in			net debt
			At i	May	Cashfiows	Non	At 30	April
				2022		Cashflows		2023
Cash and Cash Equivalents
Cash			986,2]3		92,337		1,078,550
			986,213		92,337		1,078,550
Borrowings
Debt due within one year			(10,000)		10,000	(10,000)	(10,000)
Debt due oiler one year			(40,000)			10,000	(30,000)
			(50,000)		10,000		(40,000)
Total			936,213		102,337		1,038,550

3.	Investment	income
	Bank interest	receivable
	Rental income

6.	Net income/(expenditure)		for the	year
	Net income/(expenditure)		for the year is stated after charging;				2023	2022
	Operating leases —property		rentals				304,670	312,152
	Depreciation						13,762	12,820
	Auditor's remuneration	—external		audit			22,500	]9,800
	Auditor's remuneration	—non audit services					2,340
7.	Tangible fixed assets
							Equipment,
						Leasehohi	furniture
						costs	&fittings	Total
								f.
	Cost:
	At 1stMay 2022					49,522	42,894	92,416
	Additions						18,551	18,551
	At 30th April 2023					49,522	61,445	]10,967
	Depreciation:
	At 1stMay 2022					9,904	35,981	45,885
	Charge for the year					9,904	3,858	13,762
	At 30th April 2023					19,808	39,839	59,647
	Net book values:
	At 30th April 2023					29,714	21,606	51,320
	At 1stMay 2022					39,618	6,913	46,531
8.	Debtors: amounts receivabie within one year						2023	2022
	Sarah Lawrence College						]65,394	21,383
	Prep ayments and accrued Fee debtors	income					588,664 753	530,320
							754,811	551,703
	Sarah Lawrence College	accredits the London Theatre Programme			and administers	the applications	process.
9.	Creditors: amounts falling		due within one year				2023	2022
	Bank loans Trade creditors Taxation and social security Fees invoiced in advance (see note Accruals and deferred income Other creditors			11)			10,000 468,166 5,586 160,241 77,830 8,495	10,000 401,000 11,138 426,153 68,692 5,390
							730,319	922,372


Creditors: amounts falling due aft	er one year	2023	2022
Bounceback loan —2 to 5years		30,000	40,000
		30,000	40,000
The loan was repaid in full on 27n September 2023.
Fees invoiced in advance		2023	2022
Balance at 1stMay		426,153	27,539
Fees invoiced in respect offollowing	year	160,241	398,614
Released to Statement ofFinancial Activities		(426,153)
Balance at30"April		160,241	426,153

Provision for liabilities and charges	2023	2022
Balance at 1stMay	35,000	150,000
Charged to Statement ofFinancial Activities during the year	60,000	(1]5,000)
Balance at 30th April	95,000	35,000

	External	Dilapidation s	Total
	redeco rations
At 1"lVlay 2022 Charged to Statement ofFinancial Activities	35,000 35,000	25,000	35,000 60,000
At 30' April 2023	70,000	25,000	95,000

alysis ofnet assets between funds
	General	Schota rship	Restricted	Total
	Fund	Fund	Fund	Funds
	K
Fixed assets	51,320			51,320
Current assets	1,793,854	28,422	11,085	1,833,361
Current liabilities	(730,319)			(760,319)
Provisions and long term liabilities	(125,000)			(95,000)
Net assets at 30th April 2023	989,855	28,422	11,085	1,029,362
	General	Scholarship	Restricted	Total
	Fund	Fund	Fund	Funds
Fixed assets	46,531			46,531
Current assets	1,461,955	53,422	22,539	1,537,916
Current liabilities	(962,372)			(962,372)
Provisions	(35,000)			(35,000)
Net assets at 30th April 2022	511,114	53,422	22,539	587,075

Operating lease commitments	Operating lease commitments				2023	2022
The total future minimum	lease payments	under non-cancellable	operating	leases for
land and building are:
within one year					333,334	308,333
between one snd	five years				933,333	1,266,667
The total future minimum	rental income	under the sub-lease ofthe building		are:
within one year					107,333	99,273
between one and	five years				300,533	407,867