L'ompany numErr.' 1828&10 BRITISII AMERICAiY DRAMA ACADEMY (Limited by GuarAntee) Registered C."h#rity Nn. 291796 Kegibtered L()mp#ny No. 182¥tplU tutement of 4ccounts for the yeir ended .Illth April 2025
BRITISH AMERICAN DRAMA ACADEMY CONI'LNTS Report of the Board ol'Trn5ieLS Indcrrtn¢Jcni Audiior's Risx)rt io Ihc Membm of Briiish Am¢rican Drama Aeodcrny Sialemelll of l inanLial ALlivili¢s 4ul¥nce Sheet Siutem¢nt (Trl'CJshtl()ws iu Nvie% Ivmiing purt tsl. Ihe ULL(iuni
BRITI.4H AMERICAN DRA ACADEMY REPORT OF TIIE B()ARD OF TRUSTEES The Board ofTrutsLies of Ihi. British AMLn Drama ALade[n (which a150 opcTrl¢s the namL' Ut. BADAI presenis its anrbual rerxfft and aud11 financial 51aiements for ihe year ¢nded 30 April 21)25. Rtfen¢t and 4dministTallvc drlg115 £. A%hLroll l. C3rls14)n A. I ludbon IApwinitsJ Tr3 Juni 2025 M. Jvhn R. Johnson (Chairl S. Jusbi P. K¢1.r IApwinl¥d 2) ?0?51 J.Lu K. Planas lapFK>intcd ?3 June 20251 M. 'fruL'inan M. .1 urnbull (Ap[)inted •J June 20?51 O. Ldedami IResigned ?3 June j) V. Fiioairick IResib)ned ?5 March ?0?51 D. CJ¢li)ii III¢sibJiYd ?3 June 0*51 K. Ho¥arth IResi¥Trned ?3 June ?Ql.%l M. Whitlllker {ReIned 23 June 20251 Kev Tttonaxemeni Dr. L FTank¢- Managing Dirwtor 11. Naylor - Lkyn H. AiiLSWQrth FC'A-F"it&rKe DireciorlAwitttrd l JanuaTV 21>75 R. Paul fccA- Fiar S)iwur IRLsi8ncd 20 20241 Rt8islered Prkllcipal Trifice 14 Cilouee51er Gale Rcgcnrs Park l.ondon NWI 411G Audllvr RSM UK Audit l.l.P Chanered Aul1tyj PurtSwid ?.% I ligh Sirl Crawlcy Wcsl Sussex RIIIO IFIG B¥nk¢rs ViT8in Moncv 154-158 KL'nsin¥tvn l tsgh Stfftt Lolon W8 711L Flagsiar tlank" 1400 lIT(ddY 24th lilix)r New York NY I(K)17 114A Soll¢iiors & SITawD l.ond(m LLP I(KI IItsliop5bd l.ondun F.C?N 4A Suiie 30-.1 Thc Ilcip Fxthangc 24 S1117arK Sire¢i London SEI ITY
VAC.E2
BRITISII AMERICAN DRAMA ACADEMY
RF.P(IRT OF THF. B()ARD O+ TRbSTb.ES
Stru¢iure. %overntt¢e and ttkanaRemtot
"lThe AL¥demy 15 aiompany limiieil by ¥buardniee, regisiered in Lngland and Wal¢f Ni). 18?8640.govemttl by lis Articles ol'A%8iKialion
daied 23 April 1018. 11 is a ttgiisiered Lhariiy in Lngland and Wales NL?. ?91796.
The vard of Tru¥lcc5 i¥ r¢sp)n%ibl¢ lur th¢ ¥ov¢rnMmx' of thL Ac4dLmy. Iss mL'miK'rs aLI Trust¢¢ Ut'thr L'harity and DirtLiors
ol lh¢ l-OlDpaDy. li m¢el.% & l¢a5t evLY¥ liiur m()nihs li) lullil its gpnveniance re.spDnsibiliii¢s. 1laemen1 cil Ihe ALad<'m> 1% delL¥aied
Ici x sinall F.xL'LUIivL¥ Il'am. under IhL' l¥ilL'rship i)t'IliL mjali11¥ l)irL'Llur wcirkinbr in Lluse LUUPLrttiion wilh ihi r)iwi Jnd th¢ finwK'L'
nircclur. 'portIn¥ lu IhL' Trubl¢L'S rL'biilorly.
ThL' Tloard uf Tru%1¢¢5 has L$thI1shL thrcc prinripJl ¢otnmill¢c% 10 diSLhl. funL4lOJlS rL'laiin¥ tti Ihc Hdminislrnliun Jnd mL'inL'1
lif IhL' ALudLYny'.
l.inKnLL'& CiL'iILThI Piirp()SL'S C'(iiniiiillLL' IrcLLiilly Knllincil ih¢ Fi¢¥ and C)PL'rulivn& c'ciiniyiiiiL) ltIlh IiiLLl% di ¥v¢ry
r(iur ni()nihs. During th¢ yv&r under review Ihv memhers were Kiiliard Johnson. A4hcr()fl. Kuih Ilv¥arth #nd Wend) L.
AnL%lii AiiQiini£ L'iimmiiiLX' whiLlI InL'L'l% ai IL'4%1 IWILL a >LJT. I)uriiib Ihl uftdlr r¥IL'w IIIL. niL'inhLP WifL Ruili
IlcigiQrth. Mutt Trulman. Viil(Iria fitypalrick IRLsi¥ii¢d •3, Marili 202SI I.OlLlSk' L'lhdiiial IF.Alinul Adviwrl ld lknniiJ
fv-iindrdiSillts ('ominiiiee which mee1$ ai leas1 every f(iur iii(Inili%, l)uriii& Ihc vchr u1l'r rL'YiL'W Ihe IneiTiber8 were l.ydia
C'arlsliiii. li¥lcin. RiLhJrd Juhny)rL %#mir Jushi. ML'lwiiL' Wlii1iakL'r #lid Ma¥bPiI Whiiluiii IF.Xl¥rridl Adviwrl.
We Jlsts h4Y¢ tt BADA C(KLii¢iI whi¢h retain8 Ihe wtsdom wid ¥o&Jwill of our pasi CJoY¢rnor5 Ind A$Sl01t Arti%iS.
lbIk brn¢ni dLirlo%urts
Pri?vidiiib aLfC¥% lo finl¢ll) old 1% seth a% An initBnhl Phrt of Ihe rtcniiinienl pr. s and pHfli¢iilAr aiieniinn 18 paid In en%uring thai
oii¥hi i(1 Xllrtsci th11sc wli() e&nii()i lllTod thé feL'% ¢lidrb7ed. b). Ihe pnivisii)n (Il'NLliolarships Und finwl&l uid.
-lTh¢ l.'widrni¥ing L'ommittLY whiLII w&¥ L'siabli%hL'd in Curly ?0?? aiiTS% 10 Th1.4L $1.7 mlllion li) lutid .10 fiill Ll1£>l¥r7ip4 for
•4 diid iliL IILLusiiin w4 InrkL by 'Vr1 L'VL'iily iii l>xliirJ. Nkw York l.o% Aii¥¥lis lu wliikh dluiiiiii. rn'lird und Lurrliii INihlLK'
1i4J fTiiiidb w¥rL InvilLxl. ThLx4 ¥v¢iil¥ %v¢ri us¢d lu ¥hl1WL, IIAf)A and all ils aLIiiL•VL'mLni> OVLT Ihi pw%i 40 y¥Jrs IIHvi' pfLIVL'd
10 vlry USL'fiil spriii¥bt?aft15 lrnim wliiili lo luiiiiili i)Iir liiiiQruisiii¥ pfu¥niiNTllC. IknL' lundrd15111bb IL'ain will ¢oniinuL lu d¥v¢lop arKI
build un lh¥ ar r¥ 4unii¥Lliuns mJd¥ iyiih lop priurily bL'iiib ihL mLYinb uf our >Lliolurship bo&s.
rinanriiil ld am'urds Tn4d¢ in lh¥ y¥dr wcrc £220.7tW1IU?4,. L168.1821.
Oblt¢tlvt$ 4nd cllYllb
'Ihe objects. as dcthiled in dic Article8 ol- Assorialinn. inrlude.. Ihe advttncemeni (>l' ediiLaiii)n and Ihe ItrI1 Trf Ilit ¢onimuiiiiy b>
siimulaiing thnd biiving in8iTULiion in all as¥14 1)fih¢ TforMin¥ ih¢BtTical BrL4'. lo esiabli%h. maIn1n and slip)rt Li)IiN% fi)r
who m¢¢1 Ihc Acodcmy s rrituia lor partiCiPXlion: lu pr41vid¢ Iinoniial assisianc¢ io ¢nabl¢ all¢ndaii¢t.
I'hi. A¥&demy 4e¥k.4 ia ailiitv¢ aiiiis ihriiu¥h it4 %hurt rc¥idtniirtl progirnmmes in Li)ndi)n. l)xliir(l and
PAf.E 3 LIRITISH AMF.Xlf.AN DKAMA ACADEMY RF.PORT OF THF. JIOARDUF TRU%TFFS Finan¢iAI review Incutnc trotn OUT pro¥rnmmLS Ivr IhL' yrar L3.127 !15 1?024.. £9.671.-5461. Thc ALadcniy mudl a h¥'HIthy Surplus for thL' YLW of ?81120?4.. £1,346.9511. £2(kn.3301?024.. £323.79nl.'li)Idl unresiriiknl re%eTves ai 31y April:025 w¢re £1,543.. Kfv rlJkJ uthcertalThiltJ dlsclu5wrt5 Ihe mdjcir 10 the ALadem) are kept under frequent revie and addres£ed aE nec¢44ary. A4 mo%1 ol'the ALadems' % siudenL% are from ihl Ilniicd L)f AIiiL'riLy. iniu'rnaiional evcnL4 and iyonomic do.nIUrn Lxiuld advL'ryely afftLI siU(lini iiunibl'ri. MIL risk" ot. si¥nifirani unlurL'SL'L'n f¥'duLIiLln in siud¥nl niiillbeY% is IhL' primBry risk. bn)u8hi intu focus by th¢ impad ot'ihi LUVIt)-111 p4ndL,1ic. rcinliirLLxI IIIL, ncLxt tor VL'ry tiKus%cd risk Inana¥¢tn¢DI. ThL TL¥s WtisidL'r thBi ihL' principal risks and uncertaliiiics lacing tlic Aradcmy aT¢ w fvllow5.' r(Irl¥ll r¥JiiLlicin in STudenl numb¥'ts-. InainienanLe ol'repuiaiion: L'ffEI Ot'L'xLhgnge raiL ihwigc%. 'rhe AL4enlY * finHnLial riNk mwn4bJ¢mthii l>b3eLiive4 are til ¢o¥ur¢ Iwidin¥ r¢soufies and Iu L(Inlinue li) In(Jniiiir Li)41% 4iiidellt number.4. Ihe Ikiord rebbularly revieu'% b18¢18. forec&%i£ and cwren¢y ¢xpo4urr, lThr Jlowd iontinue4 1() wotl( closely wilh Ihe IJADA tnyna¥¢m¢ni lu ¢nsurL' dL¢ill.0 Jnd rvbust finllnLial plannins,. for fwture perl¢NI 'Ihe t)M for th¢ L"IP remaininsy dwitr rA)IiliCAI iuTrnotl in the ISS particularly 5urmunditw libgToJ YL4 coll¢B¢s.'Ihe all senie¥ter iil'ihe L I l) 1% iinniiikxiil) and we have 44 %ludenis in tsllLyuknILY. AppliLatii)ti% are now owi lor th¢ Spriii¥ ?0?6 feme41er ond Lwreni wliLaliixi nwil iTKliiaie thol the aclu enrolni#ni will lh¢ w¥y j{)n 1?1'4V. whiLh will mem to1 SlLKlenl nunikntNuivaleni ID Ilx)se for Ihe 2W4nS 1rale. (kn %UiDlr 1024 pn¥rwnin¢% havi J¥dlll s¢¢n vwy sInl 11 nu[nIr¥ u)n51Cl with iknr f()r summer ?0!4. 18 flir I7 (iTe¢kK 10 ror Illl'1. 77 lar M('P pnd W fnr ilK' MII). W¢ conlini. In devLIIy (Ikir m(mih. lonbi ¥umniLY mimiime8 wid •(1.lfi .111 II thuiKlI iil'viir IlL¥4. %pwiis1i IIiL'alN. Pnbpnini.- RLiniJginiiw I[14X1)L c.11i ITUlii Illi (rfilJiYi A¥i lo l.i)ria. This Hill IK. & dual LLYfftI pwnme in lA)nd{ Sp2iii. ljiiy pAwrnmin¢ will ¢nJbl¢ the Ad£my bftx¥JLm its $llnI LgagMcni siill turthcr. Goln¥ C'oll¢¥rn In i¢rm5 Ot. Q%P05llT¢ lo thc impgrl of innalii>n on our owcrh¢8ds. the Acsdtmy's most signifi¢ani oveTh¢ads are salary and prOty t)CLini'T !11?th. leadin¥ EliildLarL' pr()vidL'r ¥iiblL•I pmn of Ili¢ prLIiii.4LN Mliiih IN 11141) fixLd iiiiiil rkxL1n'r 2Q?6. Ih¥r¥lurL' IIxvL' Lurily Iil'leniirv und i()nfirmLd rL'ni paymenil and renidl inLximv iiniil Ihui tim¢. Oiir laiidliirdN. Ihe ('r{ln L.siai¢. have nnt indiled Ilial IhL will nui . rLii¢wiJ iiiiJ (lisi1lOn will ¥urly 20?ts Ici r¥n¥wal lur d lurthLr tIVL yL'th. In the %tsnimer5 1)1'•0!3 and lshilsl Ihe UAI)A l eani %sere iii ()xl(Ird fi)r Ihe %umnicr probbmmines. IlL' enier¢d iiilo ali akre¢mrnl lor a two- iii(Inih lii¢nr¢ ii? ClipY prniDi%rs li? a siJniin¢r lan¥u8¥r %h(K?l. For ?0•4 this iielded an addiiional L06.11(X) in renial IIILoinL' hiLh hds hilp¥bd Iu LTrIIK lh¢ iiicrws¢s in Iiv¢rh¢Yd% W¥ liavL' SLn Illl rL. ul'lliL' Ury&lllSdiion. Mil5 IILLIICL 10 IKLUPY (iur preniises li) Ihe %iimiller lang11&t SLhcii)l is abireed fur the %iinimer i)f 2025 and Ihe iniome 1% lill Ilm¢ upim Iriiigy r¢liJbl¢ far ruluTV aslillow plannin¥. E.-xrrf)%iw¢ li) thL ¢¥ihdn¥e rai¢ Iliiiiuoliiiii i imL' i>f Ai4¢J¢my'% kiy ri.%k% id¢IiiiliL bi Ilic lIra wilh feL% flir i?ur pn)giraEnniL being invvired 4txl rweived iii IIS dolliTS. Fnr the pg$1 few yeaTg. Ihe Ai'811i'rny hi.5 beiii.fiiit.d frDm WL?k sterlinb? COTNpAred In ihc I [% Il{IllaT. 1)?% Ihe value 17f41erliiibJ 11&% 41fL'iibiihLYILxI ayiiist IIK. 115 di)Ilar asid Ihe Allem>. is oxry>sed lo exclianbye lasseq lor lh¢ rirsl limL' iTI SL'VLrJl yLYrs. 'fu lliinillliSL' IIIL. ITTipJLI ul'L'Xilitl¥L. 1055es WL. rL4l#ilI suifiiiitji US dollars in L>ilf LIS bthith 4¥LoiiiII 10 4UV alllicipaled 115 ¢xp¢ThJitur¢ lor Ili¢ ltsrthcoinin¥ Iwelvt lllonlhf. Thc ha5 lllwllys tdken u Lautiou& viiwi whcn considrrin¥ the tinJnLial outl(NJk forthe ALudLmy. x vilv which hats x'ryed li w¢ll nd ha% cnsiircd tlial rk. Avddemy finds i1scIt'LmeTgiiig from Ihc pandLmiL willi & s(iuiid rLThLrvL %¢. l.<Kikiii¥ forward lo ?075tyyo Ihc -iaiTse LJiili(?US VlLTrW ol ili¥ i?Mlc()tn¢% (Il the k-ey cDntrihul()r% la the ALdd<mv'¥ linan¢es have b¥en applied. I hL'se IoTi'Las1.4 ind¢Laie Ihgl th¢ ALJdLllly has sufticiwit1ts and ¥Ln¢rdl UliTcsITicILd rcscrv¢s to Tn¢cl ils linancigl obli¥Rliunsgoin¥ luThard. The Do4Td i5 Ihcrefore
BRITLSH AMEIUCAN DKAMA ACADEMY
PAGE4
REPORT QF THE 11()ARD()FTHUSTEES
14uetryes
The Academ>'% unre¢ted rebtrve% ai 311 April ?Q25 ere £1,54J,•¥l 120?4_ £1.346,951 I which include% £l(KI.(KK)12024.. £3.4?71
f di%lSllHt¥Yl I'unds. l)urin¥ Ih¢ycdrik.11()Jrd approv a fortnal rL'%LrNc% poliLy Ilitti dLfin¢YI ilie &ppr()priaie ICVL'I Iil'LiLn¢rdl RlrVeS
10 pft)vide suifiLietti 2de4uac> tsfcover for Ihe risks ideniified 10 he Ll.(rfM).O(Kl.'I'he level L)Ireserve4 &qai.30 April ?05 18 %ibiDili£aoily
it exie%% of thai. lThe Mervei pcilic), 21%0 (iuiliiied Ihe Biiard'% eiiinrniiinenl lo p)1'1117 11)d %iud¢ol% l(1 ihe .4L&deTn>
progtniintnL'% rL'gardlLS5 ul. Ihi'ir fiiianiial bdikground. To ihai Ilii (ird hav¥ di¢>dl rc-build IhL' fk'sTrginxlL'd RL'S¥mL'S aiiJ
ppro¥LTrd ihl irniisf¢T of IIUO.IXM> frutTL CtillLrnI RLSkYVLS. futurL' yL'tsrs will scL' ai ILL41 ?OO/o lif b)c a11a1 st1U> b¢in¥ Irdnstirr¢d Iv
tle%i¥naied Res¢ty¢$
F.4u41 upportunlllcs
The A¥41dcni> isdLipI) io¥Nualiiy ul'uppinunily for stdll'Ut siudL'nis alikL'.11svi5iun is iucnab5c lJ% and oihcr inlcm511ional
siudet>lS W WiLIPafi' lully in our c
INDF.PF.NDF.NT AUDITOR'5 RF.VORTTOTIIF. MFMBF.RS OF BRITI%H AMb.RICAN DRAMA ACADEMY
WL hav¢ MudiiLyI Ilic tinanciHI slaiLyn¢nis ()fnri115h Am¢ri4Yn r)rnma A¢adcmv Iihe '¢hariiable company'l for th¢ ycar cnd¢d 30 April
?1125 whiih ioinprisc thL %thicmLllt ot. Finan¢idl ALIIviiiL'S (inLludiiig IliL' SiimmMr¥ IornL and F.xp¥ndiiurL Acrciunil. IhL Eld1nLL.
5hL'L. IIIL L'#sh fiotv SI#ILmL'llI aiid IK?li% 10 Illl lin411ii4141iiiimcnt5. InLludin¥ 51¥rtifiLiinl IlLiouniiii¥ poliLllS. Tric fiiiJniiJl r¢pi?rtin¥
IramL¥s1)rk' tlisi ha5 bcw applic4 in Ihiir ppurli¢17 is appliLablL' Idw #nd Ilniicd Kin&idom A¢u)uniiii¥ 414ndllrds. IllLluding fR5 111?
"Thc finan¢iol Rewrtin8 Swidard applicable in the UK and RLyublic of Ircland" (Unilcd Kingdom GenL'rally AfCCw Accouniing
PraLlILLI.
In uur Iipinion Illi fiiian¢ial s18i¢m¢nis'.
givc a iruc fair view ofiht siaie of Ihe charithblc company's affairs 45 8130 April 2025 and uf ilb incoming rcsvuTCL¥ #nd
HppliLuliun Of rLxiIsfcL. InLludinb its illLomL And cypcndiiuTC. tor thc y¢ur th¢ ¢ndiYl,
hove been properl> prepared in aCLordwice wilh Ilniied Kinbdotn Cienerally ALLepied ALYouniiiiu Pra¢iic¢', and
have heen prepared in a¥Liir(rfan¢e wilh Ihe r¢quir¢Dieni$ i¥l'ihe Companies ALI ?OOfj.
We L(IndttLled (7Lir aiidii in aCC
PAGE 6 INDF.PF.NDF.NT AUI)ITOR'S RF.PORTTOTHE MEMBERS OF BRITISH AMFRJCAN DRAMA ACAI)F.MY Icontluucdl In Ihe lighi of Ihe k'nowledge and iindersianding Df the charilahlc cnmpany and its environmeni obtained in the course ofih¢ audiL w¢ hdve n(11 ideiiiilied Inaierial missiaienitnL% In ih¢ Direci()r%' Repurt inLluded wiiliin Ilie l-ru51ee.% Rew)rt. We have nothing lo report in rrywl of lh¢ following miiiers where Ihe Compantes Aa 20(kn requir¢s us to report 10 you if, in our opinion.. dL4ualL aLLUUftlin¥ rt¢ords have tX71 been kepi. or Tclurns adequat¢ for Our udil havL nul bcen reccivcl Irojn bThnrh¢s rt01 vi%il¢d by us. ur Iht finwiciml siaiemenis are ni)i in agreem¢nE with ih¢ tt¢couniinB rttOTds and returns: OT c<11 ds%c1115ure% lif INNlee.s' t¢muneralj0n %peLifi¢d b> re niil nidde,. cir wc huvc rN)I L¢1Vd illl iliL' inliiTmdllOii al LxpIJTiaiion% w¥ rwuir¢ lur iiuJil.' or Ihe'l rii%iee% were noi eniiiled Iii PT<'pure the finanLial %lalL'inenls ITI dLciirddnL¢ wilh thL' Small compwii¢b regim¢ and tske adv4inittge ot'ihi, small compaiii£ CXL'rnpli) from Ihv TryiIiTL'meni 10 pfL'pare o SIrniL'¥iC Rcport or in prcpllrin¥ IhL' Trusiee5' RepL)n. A5 ryplained more lully in the Sioicmcni of TruslC¢g' re.4n.lil1lIe% xl i?Iii (In PUgkLkn A. IhL (who arL' a150 Ihi ilirLVtiTh (Il'ihL' Lhariiahle LoInp7> lor Ihe of coinpaiiy IDWI are rl's)n%1ble r()r Ilie prei?araiinn of Ihc liiiJnLial %iaitniL'Jii4 and Inr ix'iii Salislittl Ihai Ihey bpive a Inje and fair view, and fnr %u¢h ini¢rnal 1)[ Ihe INi4iee¥ dLyermine is nec¢4s4ry lo 8le the prepiirniii>n In PTcparing Ih¢ firtunriul 510lcmrni.i. th¢ Irusiees are rcspon5iblc lor B5sc%sing ihc choTilablc ¢thmpany'$ 8bility 10 coniinui 0% ¢ith¢r ini¥nd 10 liquid#i¢ tli¥ ¢harilabl¢ iomp8ny orto L4.¢ upcrniion& or huvc no rculislil alicm#iivL bui 10 do so. whetlierdue 10 fraud orcrror. and Ic) issue an audiior's rtpon thlli iiiclud¢s ouropiiiivri. KL,&111abLL, EISSIIMILL IS u hi¥h ILv¥l vl.dlraL. LXpLtL'd lu inlluLrtL¥ IhL' LOtJomic dLi&ions ol'uSL'r% i¥kLm un I. b4si.4 ul'ih¥s¥ firioii4iul 51alLmenis. . I Irregiilariiitr ttre in%ianceq of nDn-LDmpliance wilh laiv% and ri'¥iJlaliiiii.s. 'Ih¢ ohjiclive% i?r()ur oudii to obiain siiftiLiLiii appniprial¢ udii cvidcn¥L Loiiipliwic¥ with law% and r¥¥iilalions th hHVL' rL'¥uliilion4 IliHI iiiay havi a rnUlLfidl illixl cin t finan£idl sLLIL'mLn15. und 10 rn%p(>nd dppruprialLly Ip idlrttltlL ur 5U5PLiCted nl- due io liniid. li) ebitsin sul7iiieni appropriate al11 evidenLL reBardin¥ lh¢ ri%k% al. maieridl nii44iaiemeni (lut li) fraud Ilirou¥h de5ignin¥ implcmcntin¥ iippropri4li rc5wfk¥¢S nd to r¢ssxxJd appmprimiely 10 frnud vr 5usp¢LILd Irdud idcntitillld durfn¥ IhL audit. Howeyer. ji i5 the primllry rttpotLsibiliiy ol'managemeni. wiUi Iheiw¢r3i&yhtDI'ihosecharged wilh g(>vem8nce, 10 ensure Ihai ihe ¢iiiily's U11(1n$ arc wnduclcd ¥cord8tKC WLih th¢ prvvisions of laws nd wguluiions and lor IhL prcv¥mtiurt atLd d¢ie¢tion of trttud. In id¢niityin¥ 8md assIng risk5 of maiiyiul mi5¥taicJT)¥nl in PL1 Of irre8ulariiies. includin¥ fr¥L, IhL wudil lyi¥¢r)t ILiUn.' obiainL'd &n LindersiuiidiiibTr ol IhL iiuiiire ut. Ihc SCLlvr, in¢ludin¥ IhL' Ic¥al dnd rL'¥iildiory IrdillL,or' Isl Iliui Ihc rharilablc i(1rnpY vpir8tc% iri Y1 huw UIL Lharilablk Lutnpany its CClTnplying willi Ili¢ IL¥#I rngul8lLiry lWrni(irkl5I'. inqiiircd of man4ycmcni. and ihosL Lhjrgcd Milli goN'L'rnJnce. ttboiil IhLir ideniifi¢aiion and &%qe%%ni¢nl of lh¢ risk5 thf irrL'gLildfiiiL'5. inLludin¥t any kii(IWII JLIUdl. SU>PLlL or insl#iiLL vf fruud: dixus51J matt¢r5 dtKiUI ni?JS-romplian¢L with law¥ and ultiOn how linud mi¥hi lur snLluding a¥s¢45mcnt of ho Ond wherc Il* fJnan¢ial 5ts1etllLn15 may b¢ susceptiblL4 to fraud.
PAC.E 7
IP4DF.PF.NDF.NT AUDITOR'S RF.PORTTO THF. MFMBV.R5 OF BRITISH AMF.RICAli DRAMA ACADF.MY Icontinuedl
A%a rcsuli i)f Ihw pnL¥ilurL% w¢Lonsidcrth¢ ma%1 51gmltirunt low and rc¥ulalion5 ihllt havL'd dirL¥I impaL1 on Ihc finanLi#I btaicincnis
Te fRS 10? C hJriliL'5 5()RP IFRS 10?1. CLl[llPdlllL ALI ?(N)6. ChariiiLb ALI 2011 and thL chariiablc ¥onipan! s ¥ovcmin¥ docLirn¢nl.
WL IKYlom1L audii prQdur¢S 10 dLieci non-eompliaiicL's which may havc J matcrial impdL T un ihL' linanLldl siaiemLIs ¥4hicli iniludc
r¢vi¢.lng th¥ finanrial siai¥m¥nts ineltJdin¥ thg'l'ru51ccs' RL'POrt, [enInIng alcrt to tlLW or unusual IMarlI01 whi¢h noi . in
accordance wilh Ihe gpoverningi dunlei.
The dudil cn¥8¥¥Xti¥nl liam id¢ttiifiid thL rfsk of mand¥LmL'ni o%.erTide of controls and incomc rccugpnjij()n (Lul offt a% the arn'as wh¢rc
the finmLldl sliiiL'lnLll% WLYL. mcisl ¥'pIlbEl 10 maicrial Ini%4taiwLni io tinud. AuJil pr(KcdiirL'5 PLrtÉ)miLxI inLludLxI hili wLre
noi limile41 ia i¢%iin¥ Inaniial journal ¢niri¢s and oth¢r adjii$imeni%. tV21uaiinB le busin5 raiionale in rLlatian 10 %i¥pnili¢ani. unusual
irnn5ULliuns und I5#ll10& LtLrL into LIU15i¢JL' Ihe twrmdl ¢OUTSC i)t'bubiJics5. rhallcn¥in¥ jud¥mcnls dnd LStimalL'5 5ub&luniivL'
1¢5t5 vf d&HiI vv¢r inwm
A further descripiiun of our rl&1ll1I1L% lur IhL dudii ul. lh¢ finwjctal &l¥l¢mknis is IocdiL7d on Ihe finuiicial R[1111¥ CounLil's
website ai
This Ile%cripiion lonns Pdrt of iiur alI1r.& report.
Ihi% rcw is siilcly io Ih¢ Lharitsl)Ic compun) s m¢mbL'fs. as 8 b(xly. in aLLothtliL' with ('hupiLY J L)I'P#n 16 1)I'lhL I IlTnpttni1s Ai1
20(K). Oiir audii wi¥ bLfli undLrtakLn so Ihai wc Iniglit In 111¢ 4hariTahl¥ LOmPdll>'S lh11 niaiiLrs WL, arL' rL'qili iu
iatc loth¥m in wiaudilor'.5 f¥i)trff thid fur iiooihLr purws¢. ToihL' lullLs1 LXILlli PLllllittL b). laiv. wcdii IiiilULILpI L)r&%%uJDL r¢%Kxin%ibilil}'
lil dii>iine ()ther Ihun the Lhdritsblv Li>mpdny und tiieLhdfiLLblL llInY. Ineinberb&i u hMJ>. l(Ir
PA(:E8 IIRITISH AMF.RICAN DRAMA ACADF.MY (LImItL by GuarnnlQC) STATFMENT()F FINANCIAI. ACTIVITITr. (INCLUDIN(: IY1.()M. ANI) EXPF.NI)ITIIRE ACCIIUNT) ()R'IHTr. I'Tr.AR Tr.NI)Tr.1) 3tith April 2112$ Iliire%iriLted Cieneral D¢5i¥nat¢d l()tsl 2025 Nuies R¢51ri¢ied •024 IrKorn¢ Llldowm¢ni% from.. Charikgble Activiiie4', l.ets Tec¢iv InvcsimL'TII inLomt Olhir ?.671.146 1?5,201 ?9.96.5 $80 14.0(Kl 15.J85 20.183 ToiMI In¢omln# r¥Juurre¥ 1.347.W6 14.0(X) 15.385 3,377.381 ? 0.671 F.1n[lury, vn rhrlt4bl¢ a¢ilvlile¥: AdvancL'mLl uf Lylucaiion 3,14¥,?44 17.422 7 573 J31 3.14¥.744 17.4?! • 573..131 Net ittccime'1exdIiUleI And nei movL'mL'ni iii tund4 fcir IhL' y IY9,752 13.4221 IU.OIN) 2UO,330 TrStir k.Iwc¢n fijnds I l(M).(M)01 Iixi.(x)o K¢cnn¢ilialiDn of fluids.. luiMI lunits brvu¥lil torwHrd 1.341.4?Q 5,701 1.31.642 "I*1 funds corried forward 1.44.1,281 I(X>.IMN) 1.5$8.982 1,3.52.6$2
PAGE9
BRITISH AMF.RICAN DRAMA ACAI)F.MY
11.imitl b), CDU4NntI
BALANCE SHELT AT 30th April 2U25
2015
2024
Not¢5
rixFD AS5F.1S
l Jn¥ible
Intsngibl¢
78.lljb
57.¥
77.5(N
.11.445
136.(X)5
LURRF.NT A%SF.15
$16.40
C'th Jl btsnk Jnd in hJnd
1 ?54.755
2.917255
,8?4,910
CRL.DI'IQELS.,
nwL% fa]linbi due
wiihin one ye4r
11 ?79.27111
14•7.21•
NI."[ CIIR V
PAC.E JO JIRITISH AMF.RIC.AN DRAMA ACAI)F.MY (Limitcd by Guarnntcr) STATEMEI%T OF CASHFLOWS AT Jvth April 21125 2025 2024 Cwh IlowJ from optftin% tIVitIe.. N¢t iiicotn¢ tDr thc rwrtlllg PCri(Ki 20&3.l 3212 Adju$lmellts for.. Ik'prL'LiallOII Aiiiorti.wion IntL4res14nd rL'nial incon)c IInLrC5¢l I 1X'iTl in di'bturs" In¢rnw:' Itkn'rLX'I in crLMIiioT5 InCrCa in pwvi%ioii -14,924 12?5.7(111 11,146.IWIII 8.5?.<X 1204.897 238.4(Wl 1293.ID71 14nN.N491 {176J971 Nrt in operstln% uctivilieb Cqh Tr)w4 frnm Invo4tlllR ¥Ctl¥lti'. 110? 5?91 146.8Y3 Inl¢Test rtceivllble ental inL¢ime PiifLlia%e i)I'tan¥ible fixed Purrh& of inian¥iibl¢ fix¢d LWL8 6.fi44 2 IN,55? 4.48.% 2(Ml..U17 149.38?) 111.4451 Nel (a%h prnvldtd by Invutlhi 148,776 I23.15 1$1.7411 140.(XYII NLI rw¥h prnvldrd by xctlblik¥ I40,) I'hmnxe In rthyh h wulvk.Dl4 ID thi r¢pDriithx ptrlthd 1$3.7531 29.958 (.h 4nd ¢ath ryylvknits JLI 1st M*J 1.308.508 1.0711.850 Clsh 4nd r¥sb wufv4ltLIts JIMh Aprll tJM755
PAGF. 11
BRITISH AMERICAN DRAMA ACADEMY
NOTLS FQRMING PART OF THE AC.C.C)IINT
FOR THF. YF.AR b-P4DV.D 30th April 202$
C.onytilutit
Elriiish American t)rumH Academy. a rcgicr¢d charity, is a comp8ny limii&l by gullrantLY no¢ having H 5hprL' L7pitsI. F.8¢h of the
mem is liable 10 coniribuie an amount n()t cxc4edin¥ £ I iowards the L%sets ofihe 0)mY in Ihe evenl pf IL% winding w.
11¢S
llic priiicipal acwuniin¥ poliri 4dopl¥l, jud¥LYncnts and key of ltil10n unwtainty in th¢ preparntion ofthe lirianciaj
stsiemLmlS arn. as follow5..
lil fiw%"i& of aL%)uJiiing
Ilie lin4uKial btalLYiiL'nls Iiavk ,11 prcwxl iii aw£)rdwK'¥ %siih ALxuunlin¥ und RL'Wrtin¥ by L'hurili¥¥.' ul'RL%CltntnL'ndLxI
Praciiceapplii4hlt ia ¢horili¢y pr¢twiii¥ their¥cOL1nL in aLLiYdatbce with IhL' Flnancial Rvw>rtinb Sthndard appliLLble iii t1 iIK and
Rtpubli¢ uf Ireland IFRS 10?) lseLDiid eJiiioii L'ifective l January ai41- Ic'Trwrilie% S()RI> IFIIS 10?IX Ihe Fillanci ReN)rtin¥
Siwiddrd upplLLttblL' 111 IIIL UK and RLpiibliL of IrLlwid11.'RS IU•I yiid th¢ C'oinwiiL% ALX IiK)6.
Ilriii¥h Americun L)rama Ae&dL'my mL¢4 Uie definiiion ol'a public b¢iiefii eniily linder bRS Iory
and liahililie5 or¢ iniithlly
hEi)rical cthsi or Irthn.wiii)n valile unlk4 1)Ilicrwi5c.4ialcd in Ihc r¢lL,vlI llLLI)uniinb' rxilii> niiii.
lill (join8 L4Y)cern
"lthe SiTon¥ student numhers a¢hievui in the 2024 finwKial y¢ar ¢oniinua ItJ'r upwsftl Irttxl in Ihe finarKial yeur enabling the
ALThlcmy wDtlnur to build L'n¥¢Th its r4xY¥e b.
Los1¥. Any inLfL'tsL5 in LX)s15 will bL' monagL'd inil'nially. Th¢ IivL->¢ar li¥.K ()1 Iikir prL'mi4L'¥ ai Cili>iiLL'sier Is lix¥d until
t)LYeiMk'T 71116, A IL'Jdiii¥ LhilJiiifL pruvidLf.4ublil4 Pilrt ol'ih¢ prEmi¥L'% whiLli is ulsLi lixl'd iiiiiil tkx¥niTrK'T ?0•6. WL IhLfL'forL'
hay¢ %wurily Dfi¢nur¢ i(Inlimed reni Pd)'meni% and reni41 InlMe uniil ihai lime, ()Iir landliird4. Ilie C'ri)wii L4isie. huve iioi
indiLiIIL'd Iliai IliL' IL'&Ki will noi bL' K,nlwL di%(us5ion will in carly ?U?O lu rLiiLwdl l£?r a turtliL'r t1. yL"Jr%
%postsr¢ lo thc ¢%¢hHn¥¢ rnl¢ Illl¢tiialion 15 (m¢ trf A¢demy's key risks &s id¢niifi¢d by th¢ 00rd wilh let5 fui our programmi
bL'iIIiI 111VOILLxI and fL1V( in l.'S th)Ilar%. for IhL 41 f¥%4. y¥8r& thi ALddLmy h8& bcTIL'lillLyJ Irom 'L.k ¥lirlin¥ cviiipor¢d io th¥
Lis {Jollr. SinLc J#iiiiiUy !U!.%. IhL• vuIuL (if yliYliii¥ lias S¢tI¥1hLll Hsairi%i th¥ L15 diillaTMn(l ThL' ALdL'rY IL>iy¢h8nb
1415X's for thL' titsi iimt 111 LvLrl yLHrs. To Ininiinl. IhL' imwil Ot"¢xLh#n¥¢ w¢ r¢tain 5Lltfi¢ieni IIS d<>llllrb in our LIS
accouni 10 cover unliiipai¢d IJS ¢xp¢ndiluTe lor Ili¢ li)rth¥i)ming Iwelve niiinths.
The 13ollrd has. alway4 i#kL'n a i#iiliou¥ vil, whcn wnsidirinB Ihc finynLi&I outl1k fi)r Iht ALadL'my. 4 vii&W which scrv¥ il
WLII liHs i11su ilidl Ili¢ ALadctny il¥cll' LlnLY¥iTlbl trom IhL' paiidLiniL wsili %iiuiiQ Lfv& busL'. l.uukin¥ furwurd lo
lh¢ Skulle Ldulii)u% lif Ili¢ iiulLl>lnV.% i>f th¢ kl'y i%1T1bulIF• lil lh¢ Aiiid¢niy % linanLe¥ hdV¥ heeii applied. Ilie%¢
Ivntyard.'I'he 11(wd is th¢relor¢ of th¢ opinicin Ihai IhL' ALad¢ny ihc ability lo ¥onlinu¢ going LxillL¢rn for IhL' liiNxK4bl¢
fuliire.
liiil InL%ITlIt
Inlyime tncludin¥ lee% r¢1ved ITITrTll pni¥Trmme.k dartttlions. invesimeni income and ntaI income 15 ¥¢¢oKnifjcd in Ihe rithI in
whiLh il is LmLYi and LPLndiliirL' in IhL PL'riIMI in wliiLli il 15 incurrLd. l-'¥L rc¢civcd tiir ¢()UThL% hLld in IhL' lollowing ri{l are
ghTh a¥ lee4 received in advmL¢. N-re¢lI1ahlc appli¥alii)rt fees are TeLo¥pnid oil a receipi h&qis. All 1cl)In¢ rclTri¢s la Rclivilie
kiiig place in Ihe IIK. Incntlle iii [QpeCt nf lees is i)f %Lhiilurnhip% ¥brnnied. F¢es Kl¥
PAGF 12 IIRITISH AMERICAN DRAMA ACADEMY NOTES FORMING PART OF I'HE ACCOIINTS FOR THF. YF.AR F.DF.D 30th April 202$ Iv) Fund iccouniing unrtskned funds aw1¥ble 10 sd on aaiviiies th31 further any ofthe of A¢4demy. funds atr UteStA¢1ed JTrJs of thc Acakryny which thc TrL&StL huvc dLidLxl ai thcir di&cr¢isoD 10 5Ct L4ide to fur a 5p&ific PLry¥C. ResirirI fut dunaiionts whiLh thL' donor has. spccif5cd aT¢ w b¢ wl¥l) u5cd fvr WiLYJlar of thc ALad¢rny's %%ork or for blfiL projcL15 ing U]emake by th¢ Athmy. Ivil fixLyI &sgets and depr1100 All fixed afL' iniiially rec(Kdcd d (051. tkpr¥tiztion 15 Provid on ng11¢ fix assets & r8ies lCUlated 10 off thc C05t of ¢xh a5seL le55 their tcsiduaj value& over its useful lifc as follows: LquiprDeDI, I.rnilIE attd filltiw Le&%ehi)Id Costs 25Q/o straighi line - over Ihe icrni of ih¢1o%¢ As8ei8 are Teviewa for impBtrtnent ifevetsts or¢Wes in circumst3rKYs irKbcale Ihal the carrying amount may noi be recoverable. Shortfalls bthweert Ihe carrying V¢0( fixed and IhelrrwoverablewnoL4, Ing the hi¥her ofnet rvdlisable valueand valu¢- ate TecOgni &% impairni¢nL% the SOFA. A full yearoldeprtilInn 1% pmvided in Ihe yetT nf a¢4uisiiion atwj nnn¢ in the yiwof di¥wso1. Iviil Intsn8iblc fLxed &55ets artd 8mortisa¢ion All inwngible fixd arc Ériilially at eosi. Amorwtion is pmvidd intsthgiblc fixcd assgis at Trlcs £aicuiated 10 rite otl'ihe eosi oleach le55 their voJuES over its exwied useful life follow5.' PromthIon films 33 1.'3:'I 5trdight line A&ts reviewed for imtwrment ifevenLS or ¢h8n8es llj circunksts¢s indic¢ Ihw the attU)Uttl may noi k 0verable. Shorttalls bcN'cen lh¢y1n8 valuL' of Its]ble fixi'd IhLYr rcLx>verahlc amount& tK'in8 higliLYofM rcalisablL v81ue nd VuL1Th-USt. rwisLwJ iinpaimients in thc S()IA. A full uf amortisaiion is providd in thc year uf aE4Uls11ion and none in the year of di5kNisal Iviiil Asts in the LoutseofLun&111JL11011 Aet5 in tIK cour5c vf consmdion arc sla1 #i wst. Th amortiyoj uniil Itw Oswlable foruse review foT impwnnenl at wh ryrtiri8 Ilate. Trad¥ Jnd other d¢btor5 arc recukYJiSed tsi thc bLlLnLyl amount du¢ UftanY tradediscot offered. PrLFiymmts vBlucd al the amount preffaid after iakin&Tr CoUn1 i>f w IrHdE daunt5 due. lil LTcJiiufs and provisi(nL Creditors Bnd prDvi%ioA% are Ognid where the charii>' h&$ a pre%enl nbligation rtsulting from a 41 ¢venl thai ivill rmbabl) resiili in the tran%feroffull(Ls to a iliird party a[ the dmouni dut 10 seiile ib¢ Iibligaiii)n Can [neured oreqiimaied r¢liahl>. credito And provisii)ns 8re nomiauy rtYogni8ed ai their S¢ltlerneth amouni tfter 211oMing fLYany irade difowtt15 diie. ljank m)winb•s are Iiiiiiajl) tECOLyni5ed ai the fr vali nd of any iT8nsaaion CO dirt¢ily altributable to the issue of tt M)Ing insmJrnLmi. IIKry arc thcn 5ubwuentty 81 amilt1 ci)51. Ixil Trinancl The AL>demv onlv has fitLan¢ial and fin8JKi41 liabiliticsof a kind thai 4ualifv &% b&¥'ic fir1 instrulln15 uThJLY SeL1ion I I of FR% 102. A&8ir fillanci8J instruEnLtS ur¢ snilially rLKogni%MJ ai traL*l0 valuc ar44.wb4uenily mLYSLwed at ihcir sL%ikrynclll ve. Ixiil OpLYating l(w5 RthIS paid under OP¢E2ting Ie$ are charytyj 10 income on asThtghl l¢n¢ basis ov¢rthc Ic&se lemi.
PAGF. 13 BRITISH AMERICAN DRAMA ACADEMY N()TE% F()RMIN(: PART ()F THE ACC()UNTS ICONTIIYUEDI FOR THF. YI:AR F.NI)F.I) 30th April 2025 Ixiiil Forei cLneY Iransadions 'rr8n5adioAs in (Oreign currencie$ are rec4rdd * ¢he rate wli08 ai the dt0[the transathioTL dl ¢JitrerencL¥ b¢in¥ tak.en 10 the iM)me eKpLyKli¢ure accoum. All &r¢S •t th¢ ye8rthl are tr8tLslaiLNI ai the rnle wling at thc Sh date. IKivI P¢nsion schem¢ LVlllPaOy OPiYUIL) &d¢ll[ rvntrbuliun skhLyne. LolttriblonS 10 thL ¥Lhcrn¢ 10 tht StsiLYncJii ofFinancial ALtiVilits in IIK, HL£ouniin¥ pcriod 10 wliiLli Ih¥'y rikntc. Ixyl T¢rmitwion '[enni10 rIL8 are re¢o¥nis¢d immediaitly 18 eX[n when the company is d¢monstrsbly ¢ommill&l 10 ienninaie the ctnplvyiD¥nl ul'yn ¥tnplvyL' or 10 providi, ¢LTI1nlIl hciiL'Iiis. Ixvil Crilical judbmeni tlMa1 Etslinldt, &8$unwi(kng and jud¥menii art CWlinu8lly evalua1 arnj are on hi5knri¢d eXen¢t and oiher facior& in¢ludin8 exsKYiaiioN4 Df future evcnL4 Ilwt believcd 10 reLonohle under le circumfflanccs. qignifsE4ni ¢ife%iimiies wid judy¢iiiwii$ i11clud priivL410rt5. 8t Ihe h4v¢ hel'll establisliLxI l()r Llie c(xs1 ol'reliiminB Iht ildinb. bts¢k 10 11$ i>ri¥iiial ci)ndiiion ond for Ihe TedttoTriion cn515 re4Uited by tht lease UbiTeemeni.'IhttY ¢41im&i¥d n Ihe be41 iiilonnaiion 4v4il#bl¢. and hisietical inli)miaiiM where avaslabl¢. IniLtmeftt Inwme •0•5 ank iniere41 Teceivable LllL4XrtL' 0.644 218.557 4.485 2UO.4117 2?5.201 (jr. 111vL11neni incomc rnYeivL¥I in yw £nil12024.. £nill in rLfkL1 iifrc5rriclcd funds an(J £nil12024.. £nill in r¢%pLKY of duigiiuT¥d I1)d$.
PAGF. 14 BRITISH AMEtUCAN DIL4MA ACADEMY NC)TES b()IiMINC: PART I)F THE ACC(IIINTh ICC)NTINUED) FOR I'HF. YF.AR F.NI)F.I) 30th April 2025 Chrltsbl¢ ¥dlvlll 2025 2U?4 irvci LYi¥I.¥ Scholarshirts ynd 8rants Ace0mMod$0n (LIl.L. fth and retrls 1LTLhLrs PTlUc110 F.xLursiuns (XhLr iour5C ext15 Adrninisirntive %laff ¢0slS I'rthrtY t%[L Trav¥1 ¢xpL¢ i)IriL¢ L(K4t% Prolti%slon f¢¢5 Markeitrs&i and fundrdising I)epIllIan thnk & iTrxJii Lard chHrge£ '(11 exLI17¥t Ii)ss l (¥ainl (hkn expeii 220.709 976.479 168.182 81.5.965 13,462 261.953 353.701 131,4US •4.662 374,<8 5£5.780 19.140 30.347 12,fi94 199,IM)I 34.421 ry3.$03 1?.474 23.193 311.177 24.X98 I7.10 1.3.•45 3,138,651 2,5411.731 (ifJw17J1ILt LIMIJ Audil lees 32.4 24.(rf11 24.fANTr Advan¢LyThLnl ofduration E(Lsts 3.1115} 2..$7.1.331 Of iliL Icilul c¥wdiliLrc Il thtvanL'rnLmi Url9110n forthc yr ot'£J.171.05112024.. k2.573.331k £.5.38512024,. £10.7091 Iriijn 'sIn¥ll fundl 4nd L17.427 ?U74.. £19.0(MJl trom dc3i¥nai¢il fund&. tsITcuJlx TruNlteN' rtmunerntlDn 2015 341.707 34.3.871 14.?02 14.236 'ial 5C¢Wity ¢OSts PwL8ion costs 13.7?7 393.9W ThLe wa5 1 L'mployee 12V24'. nil) with cmolumcnts ¥TCHtcr than £70.(MM) bui Its Ih8n £¥OMK) fvr wlK>rn wion conthbuii£x)5 or £3,67$1?074.. £nill w¢tE pgid. nicre I cmployL' 12024.. 1 I with iYnolumcnL4' £80.0(X) les5 ihan Lg0.WO for Tlon coniAblltiiMs of £4.IYI I?U24.. £4.0931 wi'rr FAILd. Thr kq trwwLmt pernnl uf the ¢hsrity during the wMprisl ihc MBna¥in8 Dirttor. the and the FuwKc Dirr. Ihcwml ¥llnployLT tr&'ncliisol tli¢ k¢y mana¥cmcnl rn11¢1 ol'ihechdrity WLYL, 12?I,U2?1?u?4.. £?4Y.8561. Th¢cmpIoyer'sni0nal insiirJnL Lulltribuiions in tE5pLKX of IhL kL? mnMgLYlIL'nr tKTsonncl WCT¢ £29,w {24.. ?5.711$1. In addiiiofy travcl ¢051s of £351120?4.. 15171 werE rcirnbutscd Its 2 {20?4.. 31 TnLNCS.
PAGF. 15 BRITISH AMERICAP4 DRAMA ACADEMY TES F()RMIN(: PART ()F THE ACC()UNT* ICC)NI'INUED} FOR THF. YF.AR F.NI)F.I) 30th April 2025 There weK. 8 employccs1_7024: 8lto whom rctirEmI bthcfjts WLYL. ac£ruin8 uy¥Jer a Jnon¢y purrhw s¢hem¢. 'I'hc averagc numkrot'lull tim¢ ¢quivalLnr eMploYSduri thcycar w¢r¢ os lollows.. 2025 2024 No. Administrllive N¢t Incom# fDr th¥ ycMr iIIWnlL lor thL' YLW is smed aftcr Lhargin¥: 2025 2024 luts¢s- pn)perty renthls tkpreciaiion Am()ni$alion Awlil()r's trmuntra11(- exiernal audit 35U.(K 34.924 15,450 30.(KKI 3?8.¢X>8 24.( T#thRlble isjtti Le4b01d 4ulpmenL Tolgl titiln%J Ai Ill Moy 2024 Addi11 49.522 145.429 35,321 At 30th April 2025 49..122 141.4?¥ IW,Y50 IXTreLialiiffl.' Al I. May 024 ('Iwi¢ for Ihe year 29,714 48.?06 2.5.020 77,920 Ai 3(hh Arrril 2025 39,6111 73.•26 Al J(Mh April 2025 68,202 78.IIK> Ai 3(hh April 2024 19,808 57,701
PAGF. 16 IIRITISH AMERICAN DRAMA ACADEMY NOTFS FORMING PART OF THF. AC.'C".oiiry"f {CONTINUF.DI F(IR'THE YEAR LliDLD th Apri12025 likn)n8lble flxtd 8yt PromotloDwl Iman Webslll Ax¥ets under Cost.. Ai 1° May 2024 Addiiith 3?,445 ?1.104 32.445 19.8(MJ Al 301h April ?02 53,549 19,8 7J.34Y ikpr¢ciaiii?n', Al Irf May 2024 Clw¥c fur lh¢ ye4r 15,450 15.4.50 Ai 3(hh A1 2025 15.4.50 Nei th)k vaJis'. AI.30ih April ?O2S 38.1 19.8(X) 57.899 Ai 31)th April ?024 32.445 ritblun.. AmLtyuils rnydvablc wllbln oDe >'r4r 20?4 S#rth 1&Wr¢n Lulleyc PPYInlS llrKI aLTrn¢d InLom¢ r¢Y d¢bttTrr¥ 944.Y48 717.30? 2.%U 27.5.V17 4V..19 ?46 516.4U2 SHr4h Coll¢g¢ 8Lrr¢diL¥ Ihe Londm'llatte Pn)snrne mI wJmini51er8ihe aTh)lic4tipiLs priK.SS 10. Credltors: Amflllnts fglllni due wilhln oneye4r 2025 2024 .1 rnde Lrvdili)rn T8xaiioii xKial 5crurity tr.ees inv(iÉLed in Vanie I%L% notr I I I 4nd dcfrrred iDrixn¢ ()thtr LfLxli1thS 47.41.f (A)7.(A4 0.752 3.058 25f.448 IIM.43Q 2.l¥Z .279.278 427.21? InLludd within uiknirL7dilurs #rL' amuunls iuidlling £3.05812Q?4.. £1.(K191 iii T¢spLxI vf VUtstsndin¥ PL5ivn wntsibutions. t¥rrl inci)mL' ryTrL'ts¥ni$ r¢ni r¢Lcivcd in lvanie and Icrtlll& £79.115 1?024.. 120.12.5).
PAGF. 17 BIUTtSH AMERtCAN D114MA ACADEMY NOTES FORMING PART ()F THE ACCOUNTS (COP4TINUED) FOR THF. YF,AR I)F.D 30th April 2025 Invoi¢ed in advance Immay Ft£s in.0](¢d in rw of fdllo%¥in¥ >ear R¢le3sed lo Slalemeni ol.frinanci AJiviiies 255.448 607.( 125.S.4481 Ifil.241 ?55.448 BalgtKc w 31P April )7.(A4 255.448 Fetr tnvoIc in 8dvyn¢¢ rqesent fees receiv from 5¢wl¢nts PriOT 10 the yegJ cnd for th¢ followin¥ sumtller'5 ld¢n¢tl ogtsnJme5. 12. Provtsion for liabilities 4nd cb¥ry 20•5 2024 Bdance al Isi M8y Charga io Staleent ofFin8LKtai Aaivilies during th¢ v¢xr 155.IKR) 94.(KM) Ball¢e ai 3(hh April 215.(KK> 15.5.th) The extsmai rede¢oTaiions provision TeL&Le4 10 gUqUenlal 1n[ing work Tryyirryi io uth4ertaken by (he ALwiemy urth ih Icrms of thc arisin¥ DVLY the period of thc i¢rww and reling 10 8enLfdl wrdrand 117r. In 2023. a dilapidau'orL% provision ¢sthlishtd 10 cover refurbisttffl¢nr rosts should BADA relLKale ai th¢ ¢nd of ils le&%e. F.xl¢rnMI redrfQr¥tS DIIApld&tionJ Tolgl 105.(KK> 3i.(MM) 50.(KK) 25.(KK> 155.(KK> 60.(MX) cha'Lj 111 S¢4wmcni of Financial Athvilits Ai April 2025 140.(MM) 75.) 13. ii¢wRdllxtknn ofmovements on MovemL'uts resources In¢ome F.1[nd[re Bttlrttt ljt Mgy 20Z4 TNnsferJ bttween funds Bal4oc¢ it 31hh April 2025 Llnre51riL1ed lunds.. lJnrestriffled Cjenerdl Futtd Designaltd Scholarship fut l J43.529 3.422 3.347.996 14,(KK> 13.148,2441 117.422} Iiix).Thx)I loo,( 1,443,281 Resthcted Funds.. Resirict Scholarship Pud 5.701 15.3851 To IJ52.652 3.377J81 1.558.982 DesigmwEd.&.hDlmhiTr fvmpkl This i5 Bn unrcstnLIL'd dLlLa1ed lund c4)mprisin¥ lunits Ihc'lruslLYS hav£ 5a aside trom IhL' Licn¥TJ l.und io LvnrribuTe 10 Ihc cosi ot. srh0l3r5hip awarded atKI 5UPFX)rting specifie prograJnM¢s. Scholarship5 are 10 individuals at ihe dire10n ot. the A(adL'm>. t)uring thc ycar. IhL' dL'SlgnLQ fundb wcrc lully uliliscd and the Trtee5 deLidcd 10 trnnsfer £lW.IW trum thL' (itnernl rwo thL. lknignateil Scholarship fund w fund %hoWips in fuEurvycH ReSiricitd.h(JlUr$I{ll Fwlll This 1% a reslriad fund connIng diKwtions m* to the A¢ademy 5cIfiCallY to fund h10r5hl lo ud¢nts.
PACF. 18 BRITtSH AMERICAN DK4MA ACADEMY NOTF.S FORMING VAKTOF THF. ACCOLINTS ICONTINUF,D) FOR THE YEAR EYDLD 3Uib Apri121)25 14. All4lys1i of D¢1 fvnds Gtn¢r•l okntshlp Fund Resiricitd Fixed a55Cts Liirrcni C'urtmi liabililil Provisi¢iii.4 drMI liabilitie5 I30.{$ 2.801.5.54 (1)7927¥1 I215.() ity).(xhi 15.701 11 ?79.27¥1 1215.(KN)I N¥1 30di April 2U?5 1.443.781 10(>,( 15.701 1.558.987 S¢hoL•r¥hlp Rwtrld¢xt Fun Tutl l.ixcd C'iwT¢ni I'urr¢ni liabiliii¢J l>wvision l(N.¥54 1.815.787 147.2121 1155.LNX>I J,422 5,701 1.824.gllJ 1427.1? 1155.(MXII Nd Lwi% ai 31hh April 2024 ,34.1.529 -1.422 5.701 1,3$? 652 IS. OptNilllA lewt rommltments 2025 2024 'Ihe fiiiiife minimum1¢&se undtr nona¢atwellAble oFrniin¥ It&w for WIJ buildin¥ ure,. wiiliiii orK ylur ween one and li¥eyeBf5 .15U,(W 233,333 35U.(XN) 5¥.1,.1.4J The IcTrtiil fuiurL' Ininiinuin rentsLI inc¥me underihv SU1¢S¢ of th¥ buildin¥ HTC.. wiiliin L¥K >¥ur YWLtYi c)nL five ycors 1¥7.813 The 10 5uble a w¢ivn ot'ih¢ prEmixs run5 ID ionjun¢tLi with thL' primary building Ic. 16. Titlo '1¢ LXlpiInY 1.8 a rL¥isier•J Lli8rriiy ld su¥h sls inLam¢ and ¥aiTL4 f4llinLi wiihin Se¢iiotL$471 489 i>fihe C(IrrA)raiii)n'l A 2010 orSeciii)n 2%0 of Ihe l axation 0l'1'hargeable C?ain% Act 199• vxenipi froni c1)rtil)n tLi l(1 IheexI IhAI Ihey aTeappliLxl 10 lis chariisble objttiiveg. 17. C.apil41 Commitments. "Ihcre are capi1 iunimiiments of £19,800 &8 April 202512024.. £13.9041. 18. Rdaitd p*rty tryntsdlotts In the peri(xJ 10 31 Dernr 2024 ¢41tY fee5 of£3.495 weTe Fold w HEl¢n Ain5WOrth Actin8 in 8 fttelance c8p8ciiy or 10 herapF¥)inimenl &4 Finonce L)ire¢ioron l Janyary ?025.