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2021-03-31-accounts

Company number 1453811 Charity number 278795

New Diorama

(Limited by Guarantee)

Report and Financial Statements

for the year ended 31 March 2021

Breckman & Company Ltd Chartered Certified Accountants 49 South Molton Street London W1K 5LH

New Diorama

(Limited by Guarantee)

Contents

Page
Reference and Administrative Details 1 - 2
Trustees' Report 3 - 10
Independent Examiner's Report 11
Statement of Financial Activities (including Income and Expenditure Account) 12 - 16
Balance Sheet 17
Cash Flow Statement 18
Notes to the Financial Statements 19 - 29

New Diorama

(Limited by Guarantee)

Reference and Administrative Details

Constitution

The company is a private company limited by guarantee registered in EW - England and Wales, company number 1453811, incorporated under the Companies Act and its governing document is its Memorandum and Articles of Association. The company is a registered charity, number 278795.

Directors and trustees

The directors of the charitable company ("the charity") are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.

As set out in the Articles of Association, new trustees are appointed by proposal from existing trustees in writing via the Secretary, a proposal that is then voted on at any General Meeting. On 5 December 2006, the trustees passed a Special Resolution to alter the Articles of Association so that any new trustee is appointed for a fixed-term of four years, after which time they may stand for re-election.

Policies and procedures adopted for the induction and training of trustees are ongoing and incorporated indirectly into the regular trustees meetings.

The trustees during the year and since the year end, were:

Philip Graham - Chair
Tanya Agarwal appointed 4 July 2021
Anthony Vaughan
Richard Shannon resigned 5 July 2021
James Danby
Natalie York appointed 4 July 2021
Elly Rothnie
Tom Copley
David Hermanstein
Utku Guder
Mirium Ryley
Sarah Wilson-White
Mark Ross
Anne Maral Devlet
Sofie Mason
Rachel Smith resigned 5 July 2021
Secretary
Sophie Wallis

Chief executive/day to day management

David Byrne - Artistic and Executive Director

Independent Examiners

Breckman & Company Ltd, Chartered Certified Accountants, 49 South Molton Street, London W1K 5LH.

Bankers

Bank of Scotland, 38 St. Andrew Square, Edinburgh EH2 2YR. CAF Bank Ltd, 25 Kingshill Avenue, Kingshill, West Malling, Kent ME19 3JQ.

1

New Diorama

(Limited by Guarantee)

Reference and Administrative Details

Solicitors

Harbottle & Lewis, 7 Savoy Court, London WC2R 0EX.

Registered office and operational address

New Diorama Theatre, 15-16 Triton Street, Regent's Place, London NW1 3BF.

2

New Diorama

(Limited by Guarantee)

Trustees’ Report

The trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2021 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The reference and administrative details set out on pages 1 and 2 form part of this report. The financial statements comply with Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Principal activity

The principal activity of the company during the year continued to be the promotion of educational drama and the presentation and development of work by theatre companies. Clearly, the impact of the COVID-19 pandemic, resulting in the forced closure of the theatre premises, meant we were unable to present any inperson performances during the full 2020/21 financial year. The Charity found other means, mechanisms and initiatives through which to fulfil and deliver the Charity’s principal aims.

Related charities

There are no related charities.

Structure, governance and management

A board of Trustees, who meet quarterly, administers the charity. A Chief Executive is appointed by the Trustees to manage the day-to-day operations of the charity. The company is represented by the solicitors Harbottle and Lewis.

Staffing and Personnel

David Byrne - Artistic and Executive Director Sophie Wallis - Executive Producer Caroline Simonsen - Producer (resigned 31[st] August, 2020) Reece McMahon – Producer (joined 1[st] November, 2020) Jack Heaton - Marketing and Audience Development Manager Nikhil Vyas – Assistant Producer ( joined 9[th] November, 2020 ) Jo Salkilld - Finance Manager (part-time) Shankho Chaudhuri – Staff Associate Designer (part-time) Lakeisha Lynch-Stevens – Camden Youth Theatre Leader (part-time) Fahad Shaft – Assistant Camden Youth Theatre Facilitator (part-time) Chloe Young – Assistant Camden Youth Theatre Facilitator (part-time) Greg Cebula - Technical Manager (part-time)

Pay policy for senior staff

Staff pay/remuneration is reviewed on a yearly basis by the board of Trustees through a benchmarking process against other arts organisations based in London.

Major risks

COVID-19

April 2021, we find ourselves over a year on from the global outbreak of COVID-19, with its devastating effects on the theatre industry, and wider society, still rife. Following our lockdown closure in March 2020, the organisation secured a number of COVID relief grants from government support schemes, Arts Council

3

New Diorama

(Limited by Guarantee)

Trustees’ Report

England, our existing funders, new supporters and generous individual donors. At the close of last financial year, the charity reported a loss of £54,726 as a direct result of the COVID-19 pandemic. Thanks to the support we’ve received in 2020/21 we finish this year with a modest surplus £43,554 , which, thanks to Arts Council England’s Cultural Recovery grants, mostly helps us cover the initial losses sustained.

One of the biggest learnings from the board was the strong probability of ongoing disruption over the next few years. To address this increased turbulence, a new designated fund has been allocated to focus resources on increased resilience. For clarity, we have re-allocated the previously designated reserves, in place to wrap up the charity should the occasion ever arise, and these resources now sit in the unrestricted, undesignated funds on our balance sheet.

This support has allowed us to survive this turbulent and threatening time for the organisation, ahead of an anticipated reopening in the Summer 2021, pending COVID developments and government guidance.

New Diorama relies on support from Trusts, Foundations, Arts Council England and donations from individuals to deliver our work for early-career artists and our local community. In the current financial climate, post-lockdown, these sources are harder than ever to secure and, despite a great track record in attracting support, we are always reviewing the risks surrounding our reliance on fundraising, and looking for new, long-term revenue and income streams.

As a result of lockdown, we now had full control of our café/bar returned to us. While the interruption has made it difficult to predict what this potential new revenue stream will look like, it forms part of a wider financial plan to increased earned income as we work towards greater financial stability post-COVID.

Objectives and Activities for the Public Benefit

In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

New Diorama's central mission is to be a great local theatre with a strong national profile. Being the only theatre in London to specialise exclusively in the presentation of ensemble work, it is our ambition to become the national epicentre for this kind of performance by creating and supporting ambitious productions and projects, by both emerging and established companies, for our immediate community and wider audiences.

New Diorama Theatre also have a dedicated and successful Community Outreach Programme, positioning us as the creative hub for West Euston and wider Camden residents.

In a traditional year, New Diorama:

4

New Diorama

(Limited by Guarantee)

Trustees’ Report

Naturally, much of this activity was disrupted in 2020/21 – with New Diorama finding new and meaningful ways to continue to support emerging theatre companies, whilst continuing to grow our audience and profile throughout the pandemic year.

Our Key Artistic Achievements and Initiatives include:

“New Diorama… has shown outstanding leadership, generosity and compassion throughout the crisis. He has offered theatre companies emergency grants and support, and also instigated the North Star project, mobilising producers from 30 organisations across the UK to provide Emergency Response Fund preapplication support for artists with no experience of applying to the Arts Council.”

The Stage 100, which charts power and influence across British Theatre

In direct response to the pandemic, we were proud to launch several bold and radical initiatives, with the aim of supporting artists to help guide them through this incredibly unchartered and unsettling time of financial and artistic uncertainty.

Emergency Support in light of the COVID Crisis

In the immediate wake of the national lockdown and the closure of all theatres, we quickly realised that our artists and the wider sector were going to need some real and urgent support in order to survive. In March, as we closed our doors, worked behind the scenes to ensure NDT supported artists and freelancers were supported. Ensuring all our contracts, in-process commissions and booked shifts were paid for in full, including the full cast and creative team for our in-house NDT production THE INCIDENT ROOM , which was weeks from transferring to New York to headline the Brits-Off-Broadway Festival at 59E59 Theaters.

To date, New Diorama has made over £100,000 in no-strings-attached emergency support grants, advance commissions and professional fees to ensure the continued livelihood and survival of the artists we support.

The North Star Project

In April 2020 we launched the North Star Project – an initiative which saw us throw open our support to whoever needed it across the sector. With things moving so fast, it was hard for artists to work out how best to navigate their way through the support available, while many had never filled out an Arts Council application before. This project was a vital response, helping them to understand what was available and make the best case for emergency grant support.

New Diorama brought together a network of over 30 venues and organisations nationwide to offer a national application reading service - reading funding applications for those who’d never applied to support before, alongside one-to-one artist advice surgeries. The first of its scale and kind, the network included The National Theatre , Royal Shakespeare Company and Bristol Old Vic . The project also gleaned insights from contacts at Arts Council England, the London Assembly and other funding bodies to offer a full suite of advice, guidance and support to ensure artists had the best information possible when trying to secure the financial support they were entitled to.

5

New Diorama

(Limited by Guarantee)

Trustees’ Report

Online Workshops for Artists

In order to ensure that we continued an active and meaningful dialogue with our artists and the broader theatre community, we were committed to hosting a number of online workshops, all with live captions and BSL interpreters for those with access needs.

Our Arts Council England Relationship Manager, Will Young , hosted workshops offering guidance and answering artist questions, as creatives navigated the ever-shifting funding support available during the pandemic.

July 2020 saw us work with artist Koko Brown , who facilitated an ACE Project Grants Workshop exclusively for Black artists, producers and theatre-makers as applications for Project Grants re-opened. Totally free of charge for artists to attend, the workshop was over-subscribed and covered the basics of applying to Arts Council England alongside the new Project Grants guidance.

Selection of Theatrical Experiences made Digitally Available for Audiences

To respond to audience demand during lockdown, we made some of our pre-existing theatrical offerings available to audiences digitally. These shows included the critically acclaimed IT’S TRUE, IT’S TRUE, IT’S TRUE by Associate Company Breach Theatre with a new film version, shot on location in a former chapel, and specially staged for TV and originally shown on BBC4. The film was produced by Artemisia Films and Breach and was commissioned by The Space for BBC Arts, and watched by over 40,000 people through New Diorama’s website.

★★★★★ “It might be set in 17[th] Century Italy, but the consistently exciting Breach Theatre’s new show feels uneasily current.” The Financial Times

★★★★ “There is little to match this latest piece from the award-winning Breach Theatre.” The Times

★★★★ “Gripping court drama driven by an implicit feminist rage.” The Guardian

Deafinitely Theatre’s CONTRACTIONS was our 2017 co-production of Mike Bartlett’s dark comedy which marked Deafinitely’s 15[th] Anniversary and won an Off West-End Award for Best Production. The show was made available throughout June 2020, along with our most recent co-production of Sarah Kane’s 4.48 PSYCHOSIS. Both performances were performed in British Sign Language and spoken English.

★★★★ "The play’s exploration of the abuse of power in the workplace and beyond feels more relevant than ever. Nastily compelling and — for all its queasy absurdity — horribly convincing. A fascinating sitespecific reinterpretation" The Times on Contractions

★★★★ "A heartfelt look at what it feels like to live with a profound disability, and just how isolating that can be." The Guardian on 4.48 Psychosis

Each year we host the incredibly successful INCOMING FESTIVAL , usually hosted across a fortnight in June with festival partners A Younger Theatre. With the festival cancelled, we offered a newly adapted digital version of Nathan Ellis’ play WORK.TXT , which was nominated for an Innovation Award at VAULT Festival 2020 and was due to form part of INCOMING Festival 2020.

6

New Diorama

(Limited by Guarantee)

Trustees’ Report

Free for audiences, WORK_FROM_HOME was an interactive play performed entirely by participants on a Zoom call, about when things stop working. The show sold out and we had to add in extra performances in response to audience demand.

★★★★ “Mixing existential soul-searching with wry comedy, this is an adventurous production starring its viewers.” The Guardian

Ensuring our ongoing commitment to accessibility wasn’t lost, all our digital productions and streaming videos were captioned.

The Community Year in Profile:

While the pandemic has had a huge impact on the delivery of our community work, we have still manged to engage 7,472 individuals across the year

Camden Youth Theatre in Lockdown

With the theatre going into lockdown, so too did our Youth Theatre, Camden Youth Theatre - a free resource for those aged 13-19 who live or go to school in Camden, run with project partner Camden People’s Theatre.

Knowing how vital a resource this was for our local young people, we made immediate efforts to continue to run CYT online, with Zoom sessions and additional resources and materials for our young people to work and engage with, in place of the in-person sessions they were used to. We successfully secured additional funding from John Lyon’s Charity , to support a lockdown Summer School , offering to the younger members of our local community who rely so heavily on the Youth Theatre for their social interaction, and outlet for creativity and play.

This new online youth theatre uncovered new, innovative and exciting creative ways of working, including the creation of a brand new podcast showcasing the creative voices of our young people. MORNING BRUSH was led and hosted by CYT Alumni Renecia Allen and Phoebe Fairchild and was a hugely successful new podcast – providing a new creative outlet while live-performance was not a possibility.

“The weekly Zoom sessions have given my lockdown a sense of structure and shown me a whole other way of interacting with people. CYT works with devising and improvisation and I was astounded at how transferable this was to online sessions.

When we go back…there is no doubt that we will go back stronger. Not only have we bonded as a group, but we have laid the foundations for so many ideas to be developed in person. Despite the situation, CYT has prospered under difficult conditions and will only continue to thrive.” Nora Besley – CYT member

Everything Has Changed

Following demand from our local Primary Schools, we commissioned a new piece of theatre from NDT Associate Company Rhum + Clay . Made in response to the pandemic, EVERYTHING HAS CHANGED is a touring production designed to visit classrooms and community settings, exploring the themes of change and disruption that many young people are currently feeling.

Made possible by funding support from British Land and Camden Council, the show was developed from conversations with young people, and will tour to thousands of primary school children in 2021/22.

7

New Diorama

(Limited by Guarantee)

Trustees’ Report

Re-Development of Public Spaces

Seizing the opportunity presented by lockdown, we began the long over-due process of redeveloping and enhancing our public spaces. Theatre design team Joshua Gadsby and Naomi Kuyck-Cohen have transformed our public spaces to better reflect the creativity and innovation that takes place on our stage.

Boosting accessibility, creating a more creative and enticing working environment, works began in March 2021, due to be completed ahead of re-opening in the 2021/22 financial year. The project was supported by British Land, Viridor Credits, Camden Council and The Theatres Trust.

During 2020/21, New Diorama's Community Partners were:

Fitzrovia Youth in Action - FYA and New Diorama began an exciting partnership in 2018 in order to provide young people in the Fitzrovia area with space to perform, workshop and showcase their creative work.

In their own words, FYA support local disadvantaged young people in developing projects which address the issues they care about, such as community cohesion, healthy living, conflict, drugs and alcohol.

Third Age Project – TAP have been working with New Diorama since we first opened, delivering activities for West Euston residents aged over 65. New Diorama have provided the space and time to present an annual Pantomime, a summer performance and other events, as well as developing their staff and members’ technical skills.

Third Age Project is a company reaching out to an older generation in our community who find themselves alone and isolated, offering creative opportunities to bring people together.

West Euston Partnership —The first community partnership ever made by New Diorama, WEP was set up by local people in 1992 to help make the area a better place to Iive and work.

Two of New Diorama Theatre's Trustees are also on the board of West Euston Partnership and there is a strong and active dialogue between the two organisations.

PAN Arts Intercultural Arts – A new partnership with a local charity, using arts for social change, we have provided free performance space for the young people they work with, who are at risk of offending, as part of their Weapons of Choice theatre project.

PAN is an intercultural arts organisation dedicated to the exploration of cultural diversity through the arts and how such work can inspire and implement social change.

True Heart Theatre —Situated only a stone's-throw from China Town and with West Euston and Camden being home to a thriving Asian population (22% of our local community is made up of people from Asian backgrounds), New Diorama actively secured a long-standing and close relationship with True Heart Theatre. Since 2006 True Heart have been creating a platform for British Chinese and East-Asian faces & voices to be seen and heard through work in mainstream scripted productions and in applied theatre contexts

True Heart creates theatre to deepen the relationship between the individual & the community.

8

New Diorama

(Limited by Guarantee)

Trustees’ Report

Associate Companies

New Diorama has created a new type of theatre that invites, presents and nurtures an array of talented and exceptional theatre companies. As each company makes New Diorama their home and as they are able to grow from the mentoring opportunities on offer, and the profile and reputation that NDT offers, the aim is that they will each flourish into self-sufficient organisations in their own right. At the top of this extensive list of supported companies sit New Diorama’s Associate Companies . Individually they showcase the very best of what a growing theatre company can be – both artistically and organisationally in terms of structure. Together, they demonstrate the breadth of work and styles New Diorama presents on its stage.

After performing at New Diorama, selected theatre companies can be invited to become an Associate Company. Associates are not just companies that are supported, but artists who share and join New Diorama in our mission to help and nurture the other companies we support, as well as promote our work to the wider sector as a whole. There is an expectation that they will be visible and active members of the NDT community, supportive to the other members of the NDT family, and attend a wide variety of work at the theatre as well as acting as ambassadors elsewhere.

During 2020/21, New Diorama’s five Associate Companies were: The PappyShow, Rhum & Clay, Breach, Lost Watch and Kandinsky . These companies are reviewed annually, looking at quality, ambition of plans as well as how they have interacted with the venue and the other supported artists across the year. As Associates, they have first-call on programming slots and development space, as well as working directly with us to achieve a joint vision of how New Diorama can help both their work and the work of others.

Future Artistic Plans for 2021/22

In 2021/22 we are currently anticipating the opening of our 10[th] Anniversary Season , to follow on from a short “Reset Season” of ambitious shows to attract back audiences.

We are also planning a substantial new project, NDT Broadgate, to be delivered in City of London. This revolutionary space will be completely free for freelance and independent artists to use throughout the next reset year. Featuring more than 16 rehearsal spaces, 10 meeting rooms, multiple communal areas and a large designers’ studio with make-spaces, this ambitious project will be the first of its kind in the world.

Financial Review

Reserves Policy

The trustees are happy that the charity has managed to maintain a level of both restricted and unrestricted reserves in recent years as a contingency. As of the 31 March 2021 this stands at £50,756 for the restricted reserves and £144,446 for the unrestricted reserves.

The trustees believe it prudent to aim for a financial cushion in excess of three months’ salaries and overheads. In 2020/21 this was £63,472.

Trustees have also called for the creation of a Commissioning and Resilience Designated Fund in acknowledgement of, and in preparation for, the likely turbulence of the next few years. As of 31 March 2021 this stands at £49,291.

9

New Diorama

(Limited by Guarantee)

Trustees’ Report

Small Company Exemptions

This report is prepared in accordance with the provisions of the Companies Act 2006 relating to small companies.

This report was approved by the Board of Trustees on 13 December 2021 and signed on its behalf by

Philip GrahamPhilip Graham (Dec 14, 2021 09:59 GMT) Philip Graham – Chair Trustee

10

Independent Examiner's Report to the Trustees of New Diorama

I report on the accounts of the company for the year ended 31 March 2021, which are set out on pages 12 to 29.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. ꞏ to keep accounting records in accordance with section 386 of the Companies Act 2006; and

ꞏ to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Richard Nelson FCCA Breckman & Company Ltd Chartered Certified Accountants

49 South Molton Street London W1K 5LH

13 December 2021

11

New Diorama

(Limited by Guarantee)

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2021

Unrestricted
Restricted
funds
funds
Notes
£
£
Income and endowments from:
2
Donations and legacies - page 13
398,103
-
Charitable activities
Theatre income - page 14
1,431
58,015
Investments
17
-
Other - page 14
3
158,849
-
Total
558,400
58,015
Expenditure on:
Raising funds:
Fundraising
500
-
Charitable activities:
Theatre - page 15
541,031
31,330
Total
541,531
31,330
Net income / (expenditure)
4
16,869
26,685
Transfers between funds
15, 16
1,024
)
(1,024
Net movement in funds:
17,893
25,661
Reconciliation of funds:
Total funds brought forward
126,553
25,095
Total funds carried forward
15, 16
144,446
50,756		 2021
Unrestricted
Restricted
Total
funds
funds
£
£
£
398,103
137,771
-
59,446
233,957
130,821
17
159
-
158,849
181,933
-
616,415
553,820
130,821
500
271
-
572,361
586,998
152,098
572,861
587,269
152,098
43,554
)
(33,449
)
(21,277
-
1,198
)
(1,198
43,554
)
(32,251
)
(22,475
151,648
158,804
47,570
195,202
126,553
25,095		 2020
Total
£
137,771
364,778
159
181,933
684,641
271
739,096
739,367
)
(54,726
-
)
(54,726
206,374
151,648

The notes on pages 19 to 29 form an integral part of these financial statements.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

12

New Diorama

(Limited by Guarantee)

Year ended 31 March 2021

Income from donations and legacies
Grants
COVID-19 emergency funding
ACE Culture Recovery Fund
ACE Emergency Response Fund
HMRC Coronavirus Job Retention Scheme
LB Camden
British Land
Esmee Fairbairn Foundation
John Ellerman Foundation
Garfield Weston Foundation
Donations
Individual giving/donations
Santander Season Sponsorship		 2021
£
189,000
35,000
72,083
-
35,000
10,000
25,000
20,000
2,020
10,000		 £
296,083
90,000
386,083
12,020
398,103		 2020
£
-
-
2,606
25,000
32,209
20,000
25,000
20,000
2,956
10,000		 £
27,606
97,209
124,815
12,956
137,771

13

New Diorama

(Limited by Guarantee)

Year ended 31 March 2021

Income from charitable activities
Theatre income
Fees
NDT Box office
Co-production
Hire of venue (Artistic and Corporate)
Cafe/Bar
Sundry
Project specific funding
Grants/Donations
ACE - Access
ACE - Organisational Development
ACE - Ghost Play
ACE - The Incident Room
ACE - New Diorama Companies UK Showcase
ACE - Artist Development
Jack Petchey Fund
British Land
John Lyon's Charity
HS2 Community Fund
Other Income
Theatre Tax Relief		 2021
£
-
-
-
)
(2,432
-
3,863
1,431
1,660
-
13,500
1,620
-
-
-
-
21,000
20,235
58,015
158,849
158,849		 2020
£
48,333
106,016
6,000
22,590
47,484
3,534
233,957
16,440
4,398
-
16,200
16,200
16,080
750
20,000
15,000
25,753
130,821
181,933
181,933

14

New Diorama

(Limited by Guarantee)

Year ended 31 March 2021

Expenditure on charitable activities
Theatre
Production costs
Box office ticketing fees
Salaries/fees
Social security costs
Staff pension costs
Production costs
Sets/costumes/props
Performance access
Travel/transport/freight
Hospitality
Artist support costs
Publicity
Light/sound
Public spaces refurbishment costs
Sundries
Depreciation of fixtures/fittings/equipment
Support costs - page 16
Governance costs - page 16		 2021
£
1,529
180,034
7,429
2,170
210,433
858
2,420
14,854
-
19,119
20,327
10,024
55,828
198
3,390
498,509
68,339
5,513
572,361		 2020
£
5,348
329,738
8,710
3,350
105,150
37,631
6,891
14,455
3,714
7,375
76,923
15,041
-
1,428
4,080
619,834
113,999
5,263
739,096

15

New Diorama

(Limited by Guarantee)

Year ended 31 March 2021

Support and governance costs
Support costs
Office overheads
Rent/rates/service charges
Light/heat
Telephone/fax/internet
Insurance
Cleaning materials
Equipment maintenance/purchase
Depreciation of "Studio"
Administration costs
Casual/other staff
Staff training
Travel
Printing/postage/stationery
Theatre tickets
Subscriptions/licences
IT/software support/website
Sundries
Professional/financial
Bookkeeping
Consultancy fees
Bank charges
Bad debts
Governance costs
Legal
Accountancy
Theatre Tax Relief		 2021
£
5,361
3,866
3,857
4,413
192
11,209
1,054
15,462
547
8
581
-
361
7,035
490
5,500
2,450
282
5,671
13
2,500
3,000		 £
29,952
24,484
13,903
68,339
5,513
73,852		 2020
£
50,893
6,903
2,645
4,576
535
11,487
1,054
15,009
-
1,256
2,431
220
1,070
5,972
1,982
5,500
2,135
331
-
263
2,000
3,000		 £
78,093
27,940
7,966
113,999
5,263
119,262

16

New Diorama

(Limited by Guarantee)

Balance Sheet 31 March 2021

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Liabilities
Creditors: amounts falling
due within one year
12
Net current assets
Total assets less current
liabilities
The funds of the charity
Unrestricted funds
15
- General fund
- Designated funds
Restricted funds
16
Total charity funds		 2021
£
677
397,180
397,857
)
(218,096		 £
15,441
179,761
195,202
95,155
49,291
144,446
50,756
195,202		 2020
£
130,030
121,085
251,115
)
(118,030		 £
18,563
133,085
151,648
26,553
100,000
126,553
25,095
151,648

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

ꞏ The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

ꞏ The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees on 13 December 2021 and signed on its behalf by

Philip Graham

Philip Graham (Dec 14, 2021 09:59 GMT)

Philip Graham - Chair Trustee

The notes on pages 19 to 29 form an integral part of these financial statements.

17

New Diorama

(Limited by Guarantee)

Cash Flow Statement for the year ended 31 March 2021

2021 2020
Notes £ £
Cash flows from operating activities 22 277,400 )
(132,167
Cash flows from investing activities:
Dividends, interest and rents from investments 17 159
Purchase of property, plant and equipment )
(1,322		 )
(3,222
Net cash provided by investment activities )
(1,305		 )
(3,063
Change in cash at bank and in hand in the reporting period 276,095 )
(135,230
Cash at bank and in hand at the beginning of the reporting
period 121,085 256,315
Cash at bank and in hand at the end of the reporting
period 397,180 121,085

18

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

1. Accounting policies

1.1. Basis of preparing the financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (issued October 2019) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), and the Companies Act 2006.

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2. Incoming resources

All incoming resources are included in the Statement of Financial Activities when:

- Donations and legacies

Grants/donations are recognised in incoming resources in the year in which they are receivable, except as follows:

19

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

- Charitable activities

Theatre income - income from box office, performance fees and sundry other theatrical income is included in incoming resources in the period in which the relevant show takes place.

Project specific funding - when donors specify that donations and grants are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.

- Donated services and facilities

Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

- Investment income

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.3. Expenditure

All expenditure is included on an accruals basis inclusive of any VAT which cannot be recovered and is recognised when:

- Costs of raising funds

Costs incurred in attracting donations, and those incurred in trading activities that raise funds.

- Charitable activities

Theatre production costs - costs incurred in production and running of productions toured in the year.

- Support costs

The administrative and overhead costs associated with running the office from which the company operates as well as governance costs. Support costs are wholly attributable to theatre production costs.

- Governance costs

Costs associated with the constitutional and statutory requirements of the charity.

20

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

1.4. Fund accounting

Funds held by the charity are either:

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

1.5. Tangible fixed assets and depreciation

Individual fixed assets costing £1,000 or more are capitalised at cost.

Depreciation is provided at annual rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Studio - Straight line over the life of the lease - Fixtures/fittings/equipment 25% on reducing balance

1.6. Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

1.7. Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8. Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.9. Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value, and subsequently measured at their settlement value.

1.10. Significant Accounting Estimates and Judgements

In determining the carrying amounts of certain assets and liabilities, the charity makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The charity's estimates and assumptions are based on historical experience and expectation of future events and are reviewed annually. Further information about key assumptions concerning the future, and other key sources of estimation of uncertainty, are set out in the notes.

21

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

1.11. Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised as expenditure when due.

2. Incoming resources

The total incoming resources for the year have been derived from the principal activity undertaken wholly in the UK.

3. Other income

4.

Other income
Theatre Tax Relief (TTR)
Net income/(expenditure) for the year is
stated after charging:
Depreciation of tangible fixed assets
Independent examiners' remuneration
- independent examination
- other services		 2021
£
158,849
2021
£
4,444
2,500
3,000		 2020
£
181,933
2020
£
5,134
2,000
3,000

5. Trustees' emoluments and reimbursed expenses

The trustees received no remuneration during the year (2020 - £nil).

The aggregated amount reimbursed to trustees during the year was £nil (2020 - £nil).

6. Transactions with trustees

A mentorship fee of £1,000 was paid to Rachel Smith in the year. There were no other transactions with trustees during the year.

22

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

7.
Staff costs and numbers
Staff costs
Salaries and wages
Social security costs
Pension costs		 2021
£
126,252
7,429
2,170
135,851		 2020
£
123,134
8,710
3,350
135,194

No employee earned £60,000 or more during the year (2020 - nil).

The key management personnel of the charity comprise the Trustees and the Senior Management Team. The total employee benefits of the key management personnel of the charity were £61,758 (2020 - £63,539).

Staff numbers

The average numbers of employees (including casual and part time staff) during the year was made up as follows:


Production
Administration		 2021
Number

5
1
6		 2020
Number
5
1
6

8. Pension costs

The company operates a defined contribution pension scheme in respect of its employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £2,170 (2020 - £3,350).

9. Corporation taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

23

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

10.
Fixed assets - tangible assets
Cost
1 April 2020
Additions
31 March 2021
Depreciation
1 April 2020
Charge for year
31 March 2021
Net book values
31 March 2021
31 March 2020
11.
Debtors
Trade debtors
Other debtors
Prepayments
12.
Creditors: amounts falling due
within one year
Trade creditors
Other taxation/social security
Other creditors
Accruals
Deferred income (note 13)		 Fixtures/
fittings/
Studio
equipment
£
£
10,541
77,360
-
1,322
10,541
78,682
4,216
65,122
1,054
3,390
5,270
68,512
5,271
10,170
6,325
12,238
2021
£
350
327
-
677
2021
£
94,481
1,532
3,197
4,270
114,616
218,096		 Total
£
87,901
1,322
89,223
69,338
4,444
73,782
15,441
18,563
2020
£
69,919
19,272
40,839
130,030
2020
£
29,989
18,303
1,479
4,270
63,989
118,030

24

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

13. Deferred income

Deferred income
Balance at 1 April 2020
Amount released to incoming resources
Amount deferred in the year
Balance at 31 March 2021
Deferred income relates to grant and box office income received in advance.		 £
63,989
)
(43,989
94,616
114,616

14. Limited by guarantee

The private company is limited by guarantee, registered in EW - England and Wales, and does not have a share capital. Each member gives a guarantee to contribute a sum, not exceeding £1, to the company should it be wound up. At 31 March 2021 there were 14 members.

15. Unrestricted funds Brought Incoming Outgoing Transfers Carried
forward resources resources forward
£ £ £ £ £
General fund 26,553 558,400 )
(541,531		 51,733 95,155
Designated funds:
Contingency fund 100,000 - - )
(100,000		 -
Commissioning and - - - 49,291 49,291
Resilience fund
126,553 558,400 )
(541,531		 1,024 144,446

Contingency fund

This fund had been established to provide a financial cushion equivalent to approximately three months overheads and salaries at the current rate.

Commissioning and Resilience fund

Funds designated by the Board to underwrite commissioning and production costs in light of additional financial and operational risks from Covid 19.

25

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

16. Restricted funds Brought Incoming Outgoing Transfers Carried
forward resources resources forward
£ £ £ £ £
Fixed assets 3,000 - - )
(500		 2,500
Access Programme - 1,660 )
(1,660		 - -
Ghost Play - 13,500 )
(7,050		 - 6,450
The Incident Room - 1,620 )
(1,620		 - -
Theatre 22,095 - - )
(524		 21,571
upgrade/Cafe
refurbishment
Camden community - 20,235 - - 20,235
engagement
Camden Youth Theatre - 21,000 )
(21,000		 - -
25,095 58,015 )
(31,330		 )
(1,024		 50,756

Fixed assets

This fund consists of grants/donations received specifically for the purchase of fixed assets. The funds are transferred to the general fund over the expected useful life of the assets. The balance at 31 March 2021 is attributable to:

Studio

£ 2,500

The Theatres Trust - this vital capital grant allowed us to build and make functional this new rehearsal and office space separate from our main building, allowing us to grow our community programme, extend our educational and participation reach and overcome the final access hurdle that we face.

26

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

Access Programme

The final tranche of a grant to support NDT's 2019/20 Access programme, featuring captioned and relaxed performances across the season, including community matinees for isolated, eldery members of the community.

Ghost Play

A grant to develop NDT’s new in-house show: ‘Ghost Play’ (working title).

The Incident Room

The final tranche of a grant to produce the in-house show The Incident Room.

Theatre upgrade/Cafe refurbishment

Funds recieved from Camden Infrastructure Levy (CIL) for upgrades to the theatre, and from British Land for the refurbishment of the cafe.

The balance at 31 March 2021 is attributable to:

Fixtures/fittings/equipment
Bank & cash		 £
1,571
20,000
21,571

Camden community engagement

A grant for engagement projects in Camden.

Camden Youth Theatre

A grant to run Camden Youth Theatre digitally throughout the school holidays during lockdown.

17. Analysis of net assets between funds

General
Designated
Restricted
funds
funds
funds
£
£
£
Fund balances at 31 March 2021
are represented by:
Tangible fixed assets
11,370
-
4,071
Net current assets
83,785
49,291
46,685
95,155
49,291
50,756		 Total
£
15,441
179,761
195,202

27

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

18. Financial commitments

At 31 March 2021 the company had future minimum lease payments under non-cancellable operating leases, with payments falling due as follows:

Due:
Within one year
Between one and five years
In over five years		 2021
£
31,000
124,000
184,811
339,811		 2020
£
31,000
124,000
29,811
184,811

19. Related party transactions

During the year the company had no other related party transactions that required disclosure.

20. Gross Cash Flows

Returns on investments and servicing of finance
Interest received
Capital expenditure
Payments to acquire tangible assets
Analysis of changes in net funds
Opening
balance
£
Cash at bank and in hand
121,085
Net funds
121,085		 2021
2020
£
£
17
159
)
(1,322
)
(3,222
Cash
Closing
flows
balance
£
£
276,095
397,180
276,095
397,180		 2020
£
159
)
(3,222
397,180

21. Analysis of changes in net funds

28

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

22. Reconciliation of net income/(expenditure) to net cashflow from operating activities

2021 2020
£ £
Net income/(expenditure) for the 43,554 )
(54,726
reporting
period
(as
per		 the
statement of financial activities)
Depreciation 4,444 5,134
Dividends, interest and rents from investments )
(17		 )
(159
Decrease/(increase) in debtors 129,353 )
(102,412
Increase/(decrease) in creditors 100,066 19,996
Net cash inflow from operating activities 277,400 )
(132,167

29

New Diorama accounts for signing 2021

Final Audit Report 2021-12-14

Created: 2021-12-14 By: Richard Nelson (richardnelson@breckmanandcompany.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAoDXsZUhLSkKJ3Jg0OGD4SX5umlCth_7a

"New Diorama accounts for signing 2021" History

Document created by Richard Nelson (richardnelson@breckmanandcompany.co.uk) 2021-12-14 - 7:06:09 AM GMT- IP address: 51.148.113.129

Document emailed to Philip Graham (philip.graham@london.gov.uk) for signature 2021-12-14 - 7:07:26 AM GMT

Email viewed by Philip Graham (philip.graham@london.gov.uk) 2021-12-14 - 9:42:55 AM GMT- IP address: 82.42.163.172

Document e-signed by Philip Graham (philip.graham@london.gov.uk)

Signature Date: 2021-12-14 - 9:59:32 AM GMT - Time Source: server- IP address: 82.42.163.172

Agreement completed.

2021-12-14 - 9:59:32 AM GMT