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2024-03-31-accounts

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Company number 1453811 Charity number 278795

New Diorama

(Limited by Guarantee)

Report and Consolidated Financial Statements

for the year ended 31 March 2024

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

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New Diorama

(Limited by Guarantee)

Contents

Page
Reference and Administrative Details 1 - 2
Trustees' Report 3 - 10
Auditors' Report 11 - 14
Consolidated Statement of Financial Activities 15 - 21
Consolidated and Charity Balance Sheets 22
Consolidated Cash Flow Statement 23
Charity Cash Flow Statement 24
Notes to the Financial Statements 25 - 39

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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 Emma Collings appointed 2 May 2023 Tom Copley James Danby Anne Maral Devlet Utku Guder resigned 10 October 2024 David Hermanstein resigned 4 November 2024 Sofie Mason resigned 1 July 2023 Mirium Matthew Mark Ross Elly Rothnie Anthony Vaughan Sarah Wilson-White resigned 1 July 2023 Natalie York

Secretary

Sophie Wallis

Chief executive/day to day management

David Byrne - until 31 December 2023 Bec Martin - from 1 January 2024 until 31 August 2024 Jonathan Maydew-Gale - acting co-CEO from 1 September 2024 Sophie Wallis - acting co-CEO from 1 September 2024

Auditors

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

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New Diorama

(Limited by Guarantee)

Reference and Administrative Details

Bankers

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

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.

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Trustees Report 2023-24

The Trustees present their annual report together with the consolidated financial statements of the charity for the year ended 31 March 2024, which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the 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).

Structure, Governance & Management

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

Core Staff & Personnel

David Byrne, Artistic Director and CEO (left December 2023) Bec Martin, Artistic Director and CEO (joined January 2024) Sophie Wallis, Executive Producer (part-time) Will Young, Executive Director (left February 2024) Jonathan Maydew-Gale, Executive Director (joined February 2024) Jo Salkilld, Finance Manager (part-time) Emma Clark, Creative Associate Jonas Georgsson, Producer (left July 2023) Ryan Mellish, General Manager (joined December 2023) Adam Jefferies, Technical Manager (left June 2023) Sayeedah Supersad, Production Manager Holly Adomah, Marketing Manager (joined March 2024)

Staff Pay Policy

All Staff pay/remuneration is reviewed on an annual basis by the board of Trustees through a benchmarking process against other similar sized and performing arts organisations based in London.

Related Charities

There are no related charities

Objectives & 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)’.

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New Diorama's central mission is to be a first-class local theatre with a world-class national profile. We are the only UK theatre to specialise in the presentation of ensemble, devised work. Our ambition is to be the national epicentre of collaborative company-led theatre by creating and supporting ambitious productions and projects, by both emerging and established companies, for our immediate community and wider audiences.

NDT is connected to several vibrant communities, the most prominent being West Euston: a housing estate marked as a priority redevelopment area, and many secondary and primary schools. NDT is the cultural and creative heart of our community, engaging a full cross section of local residents - young and old.

Future plans and initiatives currently being developed by NDT will continue to address the critical needs of the industry in which we operate and by developing our vision and mission in three areas:

our flagship artistic commissions

provide avenues of support for the next generation of inspiring theatre-makers to continue making waves in British Theatre.

our artist development programme

drive innovation and new thinking around support for the artistic and entrepreneurial challenges companies and theatre-makers face today.

our role enriching local people’s lives

provide world-class creative and cultural experiences through a community lens.

Principal Activity (01 April 2023 to 31 March 2024)

The principal activity of the company during the year continued to be the promotion of educational drama and the presentation and development of collaborative company-led theatre. Below are some headlines which reflect highlights and some accomplishments - through the varying productions, transformative projects, events, and access initiatives that the theatre offers.

Artistic Programme

During the year New Diorama continued to look at ways it can reinvent and instigate original projects, all dedicated to our vision and mission, ensuring vital investment in, and support for, independent artists, particularly to address the devastation that the pandemic has continued to have on the Arts in the UK.

Tasked with the responsibility of reopening the theatre post-Intervention01 (our radical suspension of productions post-pandemic), multi award-winning Breach Theatre embraced the challenge with their verbatim musical, After the Act . A brand-new musical about Section-28, staged 20 years after its repeal, unpacking a turning point in LGBTQ+ British history, singing and dancing over the grave of this national anniversary:

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���� “Heart-rending yet joyful… brilliantly conveys the hysteria and outrage of Section 28 in propulsive musical form.” The Stage

The show’s success also saw Breach Theatre transfer After the Act to the prestigious Traverse Theatre main space at the 2023 Edinburgh Festival Fringe, with NDT supporting further and acting as lead-producer.

Other highlights from the reopening season included world-renowned director Katie Mitchell’s acclaimed Little Scratch , an experimental performance adapted from Rebecca Watson’s celebrated debut novel following a day in the life of a woman after an experience of sexual assault. Presented alongside the world premiere of War & Culture , a political comedy by writer Nina Segal created from extensive research across the creative sector. Overall, the season played to over 90% capacity.

We also continued to develop bold new commissions across the year – including the most recent premiere of Nouveau Riche and Jessica Hagan’s major new comedy Brenda’s Got a Baby , playing to sold-out houses through November into December 2023.

2024 opened with some exceptional new work, beginning with multi award-winning migrant-led Ephemeral Ensemble’s Rewind , exploring Latin American refugee stories and making its London debut after a hugely successful Edinburgh Festival Fringe run and international tour.

“Strong, moving piece, with one of the most powerful moments I’ve seen in theatre for a while. bravo @ephemeralens and all involved.” Audience Member on X (formerly Twitter)

Disability satire and 2023 Untapped Award winner It's a Motherf**king Pleasure by Flawbored returned to NDT following its New York debut, and ahead of a national tour. Our ever-popular subsidised theatre programme tickets and access provision offers were taken to the next level when working collaboratively with this disability-led theatre company, as we made every performance throughout the run fully accessible.

Work commissioned by NDT regularly blossoms beyond our initial support. 2023 saw two shows transfer to the West End, demonstrating the extraordinary impact of our work; Spitlip’s Operation Mincemeat , which opened on the West End at the Fortune Theatre in March 2023, following a sold-out season at Riverside Studios. It has since gone on to make history by becoming the best reviewed show in West End history, currently with more than 65 ����� reviews, consistently playing to sold-out houses with its run being extended for a tenth time at the time recently.

����� 'Just what the West End needs... exuberant, energetic, incurably daft.'

Evening Standard

Operation Mincemeat won the 2024 ‘Best New Musical’ WhatsOnStage Award and the ‘Best West End Show’, ‘Rising Star’ and ‘Best Understudy’ West End Wilma Awards. Operation Mincemeat also received six Olivier Award nominations in 2024.

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In March, a second NDT-commissioned show made its West End debut at The Apollo Theatre in for a sell-out run – For Black Boys Who Have Considered Suicide When the Hue Gets Too Heavy by Ryan Calais Cameron.

����� ‘Beyond beautiful...There is trauma, swagger, laughter, and above all there is love. It’s almost overwhelmingly moving.’ The i

Artist Support

Our flagship Artist Development Programme , Untapped (in partnership with Underbelly and Concord Theatricals) continued to address the significant barriers for under-represented groups looking to showcase at the world's largest performing arts festival. We improved the package of support provided for diverse and disadvantaged artists making their Edinburgh fringe debuts, including:

The award winners included the disabled-led company Flawbored and Black-led companies No Table with One Way Out and Side Eye with Dugsi Dayz. The latter, an all-female led BritishSomali company, went on to win the BBC Writersroom Popcorn Award, and were invited to return to New Diorama for a sold-out run in October prior to be announced as part of the Spring Season at The Royal Court in 2024.

���� ‘Vivid and relatable’ The Times

Partnering with Guildhall School of Music and Drama and Black-led production and development company Uproot, The Knot in 2023 expanded from its predecessor - becoming an artist development bootcamp. 25 exceptional independent theatre-makers (in the first four years of their careers), took part in a free weeklong intensive training and reflection programme led by the partners and industry-leading facilitators focusing on the critical business and career development skills of artists, providing insights, training and mentoring alongside, open panels, zoom sessions and digital resources which also helped expand open-access opportunities to a wider audience of over 140 artists as well:

60% 50% 28% were from Black, Asian or identified as Identified as D/deaf, Global Majority backgrounds Working Class disabled and/or neurodivergent

‘Life-affirming and life-changing. It gave me the opportunity to connect with like-minded people in an accessible and supportive context, and will have a revolutionary effect on my future practice.’ Participant Feedback, The Knot

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R&Ds hosted at New Diorama and partner space Old Diorama Arts Centre for the companies of Intervention 01 to develop and make, continued throughout 2023. Successful companies and collaborations included YESYESNONO, Timelapse, Nouveau Riche, Breach Theatre, A&E Comedy, Kandinsky Theatre, Jen Tang / Isley Lynn, Antler Theatre, Cade & McAskill, SaksiBisou and Beats & Elements.

NDT continued to deliver our unique Artist Surgeries throughout 2023/24, providing opportunity for anyone to come and meet the NDT Team, enjoy a coffee on us and to discuss anything they wish such as producing, fundraising, marketing or career trajectory. The team hosted monthly artists surgeries and explored a range of interesting ideas, including; audience development strategies, setting up theatre companies and festivals and marketing strategies.

New Diorama’s Associate Companies continue to showcase the very best of what a growing theatre company can be – both artistically and organisationally in terms of structure. Together, they help to demonstrate the breadth of work and styles New Diorama presents on its stage.

Associates are not just companies that are supported, they share and collaborate in our mission to nurture other companies we support, as well as promote our work to the wider sector. During 2023/24, New Diorama’s Associate Companies were: Breach, Kandinsky, PappyShow, Rhum & Clay and Lost Watch.

Community Engagement

Third Age Project reaches out to an older generation in our community who find themselves alone and isolated. NDT have been working with Third Age Project since we first opened in 2010, providing the tie and space to present an annual Pantomime, summer performance and other events in response to bespoke needs and requests.

As part of our work with the Third Age Project , access to the theatre and the theatre experience has been made fully accessible, helping to bring neighbours living in one of the most diverse communities in London together to meet each other and socialise through free community matinee performances of our main artistic programme.

“My 95 year-old mum, despite having Alzheimer’s and wheelchair bound, loves coming to the shows. For her it’s a special occasion, her eyes light up and she is able to interact with people and performers”. Helen, daughter and carer for TAP Audience Member.

During 2023 we continued to grow Camden Youth Theatre (CYT) in partnership with Camden People’s Theatre and Old Diorama Arts Centre. After a period of recovery, reset and new recruitment post-lockdown in 2021-22, this year saw regular in-person sessions running throughout with two weekly groups, alongside a series of taster workshops for local schools and performances at local festivals; and a new, digital skills and filmmaking strand.

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Work also began on a new theatre show, with CYT for the first time securing the rights to adapt a work of young people’s fiction, And The Stars Were Burning Brightly , an acclaimed piece exploring themes around teenage mental health. CYT members worked throughout the year to devise their own interpretation of the work, with its world premiere as a stage adaptation premiering at NDT in June 2023.

In summer 2023, we also delivered with the newest iteration of our ongoing primary schools co-creation and touring programme, for which this year we commissioned NDT associates Kandinsky Theatre. Kandinsky worked with our five local primary schools delivering workshops through the spring to make a new show The Other Way Home developed using ideas from local children, the show was then fully-produced in June-July 2023 and embarked on a free tour of school and community centres, playing over 30 performances to over 2,000 children across London, completely free of charge. Following overwhelming feedback from schools and community leaders, we’ve also now begun commissioning and development of a third show in this series for 2024.

Plans & Initiatives (2024-25)

Bec Martin, Artistic Director & CEO joined NDT in January 2024 and Jonathan Maydew-Gale, Executive Director joined in February. Alongside incumbent Sophie Wallis, Executive Producer they form the new executive team for this wonderfully innovative organisation with the task of continuing the amazing work that David Byrne, Will Young and the team at NDT have achieved over the years.

“Under David's unparalleled stewardship, NDT has rewritten the rulebook and established itself as the place where new theatrical voices can find space, support and a foothold into the industry.” Bec Martin, Artistic Director & CEO

Key principles for NDTs work remain steadfast:

Plans already include a diverse spring season as well as the continuation of our Untapped programme; new commissioning pipelines with companies such as YESYESNONO (whom NDT have provided ongoing creative developmental support since 2022-23). The Glorious French Revolution (or: why sometimes it takes a guillotine to get anything done) will premiere at New Diorama in November 2024.

Major Risks

Funding Climate: New Diorama continues to rely on support from Trusts, Foundations, Arts Council England and kind yet crucial donations from individuals to deliver our industry-leading work for early-career artists and the community we represent. Competition for these funds has

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become tougher than ever before. Despite a great track record in attracting support, we are always reviewing the risks surrounding our reliance on fundraising, and looking for new, longterm revenue and income streams through new opportunities and with a new approach.

NDT Café : The Café now needs to provide a steady, reliable income stream, and needs to complement our work and continue to grow the offer to our local community. The priority has shifted from stability of the operation to upping the offer and looking to establish the Café/Bar as a secure, reliable and successful operation to provide financial stability for the future of the wider organisation.

Leadership Transition : NDT underwent a leadership transition in 2023/24, a first for the organisation. A two-phase interview process was implemented, with strong emphasis on artistic strategy and staff/artist collaborative working, alongside an expectation of alignment with the organisation's values and vision. Leadership transitions inherently carry risk, the organisation’s risk register has been updated accordingly and will help with further mitigation of the identified risks.

Financial Review

As of the 31 March 2024 unrestricted funds were £239,095 of which £49,291 were designated as a Commissioning and Resilience Fund. Restricted funds were £45,920.

Reserves Policy: The Trustees believe it prudent to aim for a financial cushion in excess of three months’ core salaries and overheads. As of 31 March 2024 this was £126,615 set against free, undesignated reserves of £189,804.

Statement of Trustees Responsibilities

The Trustees (who are also directors of New Diorama for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the Trustees are required to:

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The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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 2024 and signed on its behalf by:

Philip Graham , Chair of the Trustees New Diorama Theatre

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Independent Auditors' Report to the Members of New Diorama

Opinion

We have audited the financial statements of New Diorama (the parent 'charitable company') and its subsidiary (the 'group') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Independent Auditors' Report to the Members of New Diorama

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement set out on pages 9 and 10, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group's and parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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Independent Auditors' Report to the Members of New Diorama

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our assessment focussed on key laws and regulations the charitable company has to comply with and areas of the financial statements we assessed as being more susceptible to misstatement. These key laws and regulations included but were not limited to compliance with the Companies Act 2006, Charities Act 2011, taxation legislation, data protection and employment legislation.

We are not responsible for preventing irregularities. Our approach to detecting irregularities included, but was not limited to, the following:

Whilst considering how our audit work addressed the detection of irregularities, we also considered the likelihood of detection based on our approach. Irregularities arising from fraud are inherently more difficult to detect than those arising from error.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Independent Auditors' Report to the Members of New Diorama

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent charitable company and the parent charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Richard Nelson FCCA (Senior Statutory Auditor) For and on behalf of Breckman & Company Ltd Statutory Auditor Chartered Certified Accountants

49 South Molton Street London W1K 5LH

13 December 2024

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(Limited by Guarantee) Consolidated Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2024 General
Restricted
2024
General
Restricted
2023		 funds
funds
Total
funds
funds
Total		 Notes
£
£
£
£
£
£		 Income and endowments from:
2		 Donations and legacies - page 17
223,609
-
223,609
187,355
-
187,355		 Charitable activities: Theatre - pages 18-19
539,153
260,824
799,977
461,472
535,493
996,965		 Other trading activities: Commercial trading operations
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62,160
-
62,160
-
-
-		 Investments
1,572
-
1,572
822
-
822		 Other - page 19
230,952
-
230,952
-
-
-		 Total
1,057,446
260,824
1,318,270
649,649
535,493
1,185,142		 Expenditure on: Raising funds: Fundraising
420
-
420
507
-
507		 Commercial trading operations
11
72,578
-
72,578
-
-
-		 Charitable activities: Theatre - page 20
921,713
353,574
1,275,287
748,372
447,046
1,195,418		 Total
994,711
353,574
1,348,285
748,879
447,046
1,195,925		 Net income/(expenditure)
3
62,735
)
(92,750
)
(30,015
)
(99,230
88,447
)
(10,783		 Transfers between funds
17, 18
2,528
)
(2,528
-
4,382
)
(4,382
-		 Net movement in funds
65,263
)
(95,278
)
(30,015
)
(94,848
84,065
)
(10,783		 15

325,813 315,030
57,133 141,198
268,680 173,832
(Limited by Guarantee) 141,198
315,030		 45,920
285,015
173,832 239,095
17, 18
Reconciliation of funds: Total funds brought forward Total funds carried forward

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New Diorama

(Limited by Guarantee)

Year ended 31 March 2024

Income from donations and legacies
Grants
British Land
Garrick Charitable Trust Grant
Plato Trust
Regents Place
Esmee Fairbairn Foundation
Foyle Foundation
John Ellerman Foundation
Fenton Arts Trust
Noel Coward Foundation
Garfield Weston Foundation
Donations
Individual giving/donations
Santander Season Sponsorship
Fundraising		 2024
£
-
3,000
20,000
83,912
25,000
30,000
30,000
4,800
2,000
-
9,897
15,000
-		 £
198,712
24,897
223,609		 2023
£
31,217
-
20,000
74,473
-
-
30,000
-
-
15,000
1,665
10,000
5,000		 £
170,690
16,665
187,355

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New Diorama

(Limited by Guarantee)

Year ended 31 March 2024

Income from charitable activities
Theatre income
Fees
NDT Box office
Royalties
Co-production
NDT Broadgate
Hire of venue (Artistic and Corporate)
Cafe/Bar
Sundry		 2024
£
5,287
145,516
7,360
296,805
-
26,820
57,065
300
539,153		 2023
£
250
47,869
1,317
272,440
20,737
30,153
87,758
948
461,472

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New Diorama

(Limited by Guarantee)

Year ended 31 March 2024

Project specific funding
Grants/Donations
ACE - Access Programme
ACE - Backstage
ACE - Camden Youth Theatre
ACE - New Show Development
ACE - NDT Broadgate
ACE - Community Programme
ACE - Artist Development
ACE - Production grants
Andrew LLoyd Webber Foundation
City of London CILNF
CILNF Broadgate Legacy Fund
Jack Petchey Fund
British Land
John Lyon's Charity
Cockayne Foundation
Harold Hyam Wingate
Helen Hamlyn Foundation
HS2 Community Fund
Jerwood Arts
Kickstart Scheme
Theatre's Trust
Writers Guild
Other Income
Theatre Tax Relief		 2024
£
-
2,552
-
2,765
-
27,876
35,712
-
-
-
90,500
900
73,580
20,000
-
-
-
-
6,000
-
-
939
260,824
230,952		 2023
£
1,660
22,966
1,415
26,385
4,863
-
62,550
35,498
25,000
77,320
45,200
5,640
102,704
20,000
15,000
3,200
5,000
10,117
54,000
6,511
7,175
3,289
535,493
-

19

����������������������������������������������������������

New Diorama

(Limited by Guarantee)

Year ended 31 March 2024

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
Organisational development
Travel/transport/freight
Hospitality
Artist support costs
Artist development
Publicity
Outreach
Light/sound
NDT Broadgate
Public spaces refurbishment costs
The Knot
Research/development
Depreciation of fixtures/fittings/equipment
Opening stock
Cafe/bar purchases
Cafe/bar salaries/casual staff
Support costs - page 21
Governance costs - page 21
Closing stock		 2024
£
5,307
518,096
16,995
8,964
275,874
17,705
3,361
-
43,071
3,404
7,850
-
41,691
6,552
9,785
13,366
398
17,814
20,954
4,491
2,645
19,746
48,474
1,086,543
171,865
16,879
-
1,275,287		 2023
£
676
436,385
21,910
13,678
241,404
9,778
2,132
8,891
12,355
2,130
5,684
1,507
68,313
3,648
19,640
37,949
14,569
14,660
5,554
5,646
3,110
40,119
46,155
1,015,893
171,850
10,320
)
(2,645
1,195,418

20

����������������������������������������������������������

New Diorama

(Limited by Guarantee)

Year ended 31 March 2024

Support and governance costs
Support costs
Office overheads
Rent/rates/service charges
Light/heat
Telephone/fax/internet
Insurance
Repairs/maintenance
Cleaning materials
Equipment maintenance/purchase
Depreciation of "Studio"
Administration costs
Casual/other staff
Staff training
Staff welfare
Staff recruitment
Travel
Printing/postage/stationery
Auditorium seating service
Subscriptions/licences
IT/software support/website
Sundries
Professional/financial
Consultancy fees
Evaluation costs
Bank charges
Deficit on disposal of tangible fixed assets
Governance costs
Legal
Accountancy
Audit		 2024
£
65,844
30,711
6,379
10,219
10,412
3,459
8,040
1,054
9,325
142
3,659
200
5,265
2,452
210
2,745
6,454
1,196
3,450
200
449
79
11,050
5,750		 £
136,118
31,648
4,099
-
171,865
16,879
188,744		 2023
£
52,932
29,219
5,187
6,461
24,188
8,733
2,904
1,054
4,346
1,631
-
272
3,381
2,729
407
3,507
7,089
3,010
1,500
12,028
417
70
5,000
5,250		 £
130,678
26,372
13,945
855
171,850
10,320
182,170

21

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New Diorama

(Limited by Guarantee)

Consolidated and Charity Balance Sheet 31 March 2024

2024 2023 2024 2023
Group Group Charity Charity
Notes £ £ £ £
Fixed assets:
Tangible assets 8 15,581 20,101 15,581 20,101
Investments 9 - - 4,097 -
15,581 20,101 19,678 20,101
Current assets:
Stocks 12 2,984 2,645 - 2,645
Debtors 13 112,429 47,990 117,772 47,990
Cash at bank and in hand 251,509 382,521 251,382 382,521
Liabilities: 366,922 433,156 369,154 433,156
Creditors: amounts falling
due within one year 14 )
(97,488		 )
(138,227		 )
(93,399		 )
(138,227
Net current assets 269,434 294,929 275,755 294,929
Total assets less current
liabilities 285,015 315,030 295,433 315,030
The funds of the charity:
General funds 189,804 124,541 200,222 124,541
Designated funds 49,291 49,291 49,291 49,291
Total unrestricted funds 17 239,095 173,832 249,513 173,832
Restricted income funds 18 45,920 141,198 45,920 141,198
Total charity funds 285,015 315,030 295,433 315,030

The Trustees have prepared these accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the Company.

The financial statements were approved by the Board of Trustees on 13 December 2024 and signed on its behalf by

Philip Graham Chair of the Board of Trustees

James Danby Trustee

The notes on pages 25 to 39 form an integral part of these financial statements.

22

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New Diorama

(Limited by Guarantee)

Consolidated Cash Flow Statement for the year ended 31 March 2024

2024 2023
Notes £ £
Cash flows from operating activities 24 )
(131,559		 10,621
Cash flows from investing activities: 22
Dividends, interest and rents from investments 1,572 822
Proceeds from the sale of property, plant and equipment - 760
Purchase of property, plant and equipment (1,025 ) )
(16,824
Net cash provided by investment activities 547 )
(15,242
Change in cash at bank and in hand in the reporting period (131,012 ) )
(4,621
Cash at bank and in hand at the beginning of the reporting
period 382,521 387,142
Cash at bank and in hand at the end of the reporting
period 251,509 382,521

23

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New Diorama

(Limited by Guarantee)

Charity Cash Flow Statement for the year ended 31st March 2024

2024 2023
Notes £ £
Cash flows from charity operating activities 24 )
(127,589		 10,621
Cash flows from charity investing activities:
Dividends, interest and rents from investments 1,572 822
Proceeds from the sale of property, plant and equipment - 760
Purchase of property, plant and equipment (1,025 ) )
(16,824
Purchase of investments (4,097 ) -
Net cash provided by charity investment activities )
(3,550		 )
(15,242
Cash flows from charity financing activities:
Net repayments of borrowings and leases - -
Net cash provided by charity financing activities - -
Change in cash at bank and in hand in the reporting period (131,139 ) )
(4,621
Cash at bank and in hand at the beginning of the reporting
period 382,521 387,142
Charity cash at bank and in hand at the end of the reporting
period 251,382 382,521

24

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New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

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. Group financial statements

The financial statements consolidate the results of the charity and its wholly owned subsidiary NDT Cafe & Bar Ltd on a line-by-line basis. A separate Statement of Financial Activities and income and expenditure account for the charity has not been presented because the Charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.

1.3. Incoming resources

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

- Donations and legacies

- 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.

25

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New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

- 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.

1.4. Voluntary income

Voluntary income is received by way of donations and gifts and is included in incoming resources when receivable. the value of services provided by volunteers has not been included.

1.5. Commercial trading activities

Income from commercial trading activities is included in incoming resources in the period in which the group is entitled to receipt.

1.6. 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.

26

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New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

1.7. 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.

1.8. 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

1.9. Stock

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised on receipt at fair value which is the amount the charity would have been willing to pay for the items on the open market

1.10. 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.

1.11. 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.

1.12. 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.

1.13. 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.

27

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New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

1.14. 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.

1.15. Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.16. 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 theatrical income for the year has been derived from the principal activity. The proportion of theatrical income derived from outside the UK amounted to 6% ( 2023 - nil% ).

3.

Net income/(expenditure) for the year is Group Charity
2024 2023 2024 2023
stated after charging: £ £ £ £
Depreciation of tangible fixed assets 5,545 6,700 5,545 6,700
Deficit on disposal of tangible fixed assets - 855 - 855
Auditors'/Independent examiners' remuneration
- independent examination (2021) - 2,250 - 2,250
- external audit 6,250 5,250 5,750 5,250
- other services 11,550 2,750 11,050 2,750

4. Trustees' emoluments and reimbursed expenses

The trustees received no remuneration during the year (2023 - £1,000).

The aggregated amount reimbursed to trustees during the year was £nil (2023 - £nil).

28

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New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

5.
Staff costs and numbers
Staff costs
Salaries and wages
Social security costs
Pension costs		 Group
2024
£
288,817
18,985
9,149
316,951		 2023
£
276,663
21,910
13,678
312,251		 Charity
2024
£
257,895
16,995
8,964
283,854		 2023
£
276,663
21,910
13,678
312,251

No employee earned £60,000 or more during the year (2023 - nil).

The key management personnel of the charity comprise the Trustees and the Senior Management Team. The total employee benefits including fees of the key management personnel of the charity were £132,903 (2023 - £132,548).

Staff numbers

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


Production
Administration
Cafe		 Group
2024
Number

6
1
1
8		 2023
Number

9
1
1
11		 Charity
2024
Number

6
1
1
8		 2023
Number
9
1
1
11

6. 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 £9,149 (2023 - £13,678).

7. 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.

29

����������������������������������������������������������

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

8.
Fixed assets - tangible assets
Short
Fixtures/
leasehold
fittings/
property
equipment
Group and Charity
£
£
Cost
1 April 2023
10,541
33,984
Additions
-
1,025
31 March 2024
10,541
35,009
Depreciation
1 April 2023
7,378
17,046
Charge for year
1,054
4,491
31 March 2024
8,432
21,537
Net book values
31 March 2024
2,109
13,472
31 March 2023
3,163
16,938
9.
Fixed Asset Investments
Charity
Subsidiary
Undertakings
Shares
£
Cost
Additions
4,097
31st March 2024
4,097
Net book values
31st March 2024
4,097		 Total
£
44,525
1,025
45,550
24,424
5,545
29,969
15,581
20,101
Total
£
4,097
4,097
4,097

30

����������������������������������������������������������

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

10. Financial performance of the charity

The consolidated statement of financial activities includes the results of the charity's wholly owned subsidiary NDT Cafe & Bar Ltd.

The summary financial performance of the charity alone is:

2024 2023
£ £
Incoming resources 1,256,110 1,185,142
Gift aid from subsidiary company - -
1,256,110 1,185,142
Expenditure on charitable activities (1,275,707 ) )
(1,195,925
Net (outgoing) resources )
(19,597		 )
(10,783
Total funds brought forward 315,030 325,813
Total funds carried forward 295,433 315,030
Represented by:
Restricted income funds 45,920 141,198
Unrestricted funds 249,513 173,832
295,433 315,030

31

����������������������������������������������������������

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

11. Income earned from other activities

The wholly owned trading subsidiary NDT Cafe & Bar Ltd is incorporated in the United Kingdom (company number 14886559) and pays of its profits to the charity under the gift aid scheme. NDT Cafe & Bar Ltd operates the New Diorama Theatre Cafe & Bar. The charity owns the entire share capital of one ordinary share at £4,097. A summary of the trading results is shown below.

The summary financial performance of the subsidiary alone is:

Turnover
Cost of sales and administration costs
Interest receivable
Net loss
Amount gift aided to the charity
Retained in subsidiary
The assets and liabilities of the subsidiary were:
Current assets
Current liabilities
Total net assets
Aggregate share capital and reserves
12.
Stocks
Group
2024
£
Stocks
2,984
2,984		 2023
£
2,645
2,645		 Charity
2024
£
-
-		 2024
£
62,160
)
(72,578
-
)
(10,418
-
)
(10,418
11,825
)
(18,146
)
(6,321
)
(4,097
2023
£
2,645
2,645

32

����������������������������������������������������������

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

13.
Debtors
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments
14.
Creditors: amounts falling due
within one year
Trade creditors
Other creditors
Accruals
Deferred income (note 15)
15.
Deferred income
Balance at 1 April 2023
Amount released to incoming resources
Amount deferred in the year
Balance at 31 March 2024		 Group
2024
£
82,287
-
15,834
14,308
112,429
Group
2024
£
21,344
1,173
40,808
34,163
97,488		 2023
£
21,583
-
9,561
16,846
47,990
2023
£
29,134
767
8,000
100,326
138,227		 Charity
2024
2023
£
£
74,151
21,583
10,070
-
19,243
9,561
14,308
16,846
117,772
47,990
Charity
2024
2023
£
£
18,255
29,134
1,173
767
39,808
8,000
34,163
100,326
93,399
138,227
£
100,326
)
(100,326
34,163
34,163

Deferred income relates to hire and box office income received in advance.

16. 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 2024 there were 13 members.

33

����������������������������������������������������������

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

17. Unrestricted funds Brought Incoming Outgoing Transfers Carried
forward resources resources forward
£ £ £ £ £
Group
General fund 124,541 1,057,446 )
(994,711		 2,528 189,804
Designated funds:
Commissioning and 49,291 - - - 49,291
Resilience fund
173,832 1,057,446 )
(994,711		 2,528 239,095
Charity
General fund 124,541 995,286 (922,133 ) 2,528 200,222
Designated funds:
Commissioning and 49,291 - - - 49,291
Resilience fund
173,832 995,286 )
(922,133		 2,528 249,513

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.

34

����������������������������������������������������������

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

18. Restricted funds

Group and Charity Brought Incoming Outgoing Transfers Carried
forward resources resources forward
£ £ £ £ £
Fixed assets 1,500 - - )
(500		 1,000
Artist Development 25,000 29,608 )
(51,528		 - 3,080
Broadgate - 3,000 )
(3,000		 - -
Theatre upgrade/Cafe 8,113 2,552 )
(2,552		 )
(2,028		 6,085
refurbishment
Camden Youth Theatre 20,000 20,900 )
(20,900		 - 20,000
Intervention 01 - 12,104 )
(12,104		 - -
Communities - 98,456 )
(98,456		 - -
Commissioning 86,585 94,204 )
(165,034		 - 15,755
141,198 260,824 )
(353,574		 )
(2,528		 45,920

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 2024 is attributable to:

Studio

£ 1,000

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.

35

����������������������������������������������������������

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

Artist Development

Grants from Arts Council England and other Trusts & Foundations towards NDT's artist development and artist support programmes.

Broadgate

Grants towards the NDT Broadgate project, providing free rehearsal space in City of London for independent artists.

Theatre upgrade/Cafe refurbishment

Funds received towards refurbishment of the theatre's front of house spaces and café including from Arts Council England and the Theatres Trust.

The balance at 31 March 2024 is attributable to:

£

Fixtures/fittings/equipment

6,085

Camden Youth Theatre

Funds to run Camden Youth Theatre, a free youth theatre group for 13-19 year-olds in the Borough.

Intervention 01

Grants towards NDT's Intervention 01 programme, a project to temporarily suspend public performances during the year and instead focus on R and artist support investment across a cohort of independent companies and groups.

Communities

Grants towards a range of community and schools engagement activity, including our multi-year primary schools creation and touring programme.

Commissioning

Grants towards the commissioning and development of our main artistic programme, including production funds for individual shows.

36

����������������������������������������������������������

New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

19. Analysis of net assets between funds

General
Designated
Restricted
funds
funds
funds
Group
£
£
£
Fund balances at 31 March 2024
are represented by:
Tangible fixed assets
8,496
-
7,085
Net current assets
181,308
49,291
38,835
189,804
49,291
45,920
Charity
Fund balances at 31 March 2024
are represented by:
Tangible fixed assets
8,496
-
7,085
Investments
4,097
-
-
Net current assets
187,629
49,291
38,835
Long term (liabilities)
-
-
-
200,222
49,291
45,920
Financial commitments
At 31 March 2024 the company had total future commitments under non-cancellable
leases as follows:
Group
Charity
2024
2023
2024
£
£
£
Due:
Within one year
45,217
36,500
45,217
Between one and five years
181,065
146,000
181,065
In over five years
125,950
141,438
125,950
352,232
323,938
352,232		 Total
£
15,581
269,434
285,015
15,581
4,097
275,755
-
295,433
operating
2023
£
36,500
146,000
141,438
323,938		 Total
£
15,581
269,434
285,015
15,581
4,097
275,755
-
295,433

20. Financial commitments

21. Related party transactions

There were no related party transactions during the year that required disclosure.

37

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New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

22. Gross Cash Flows

Returns on investments and servicing of finance
Interest received
Capital expenditure
Payments to acquire tangible assets
Receipts from sales of tangible assets
23.
Analysis of changes in net funds
Opening
balance
£
Cash at bank and in hand
382,521
Net funds
382,521		 2024
2023
£
£
1,572
822
)
(1,025
)
(16,824
-
760
)
(1,025
)
(16,064
Cash
Closing
flows
balance
£
£
)
(131,012
251,509
)
(131,012
251,509

38

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New Diorama

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2024

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

Group
Net income/(expenditure) for the
reporting
period
(as
per
the
statement of financial activities)
Depreciation
Dividends, interest and rents from investments
Deficit on the sale of fixed assets
(Increase)/decease in stocks
(Increase)/decrease in debtors
(Decrease) in creditors
Net cash outflow from operating activities
Charity
Net income/(expenditure) for the
reporting
period
(as
per
the
statement of financial activities)
Depreciation
(Gains)/losses on investments
Dividends, interest and rents from investments
Deficit on the sale of fixed assets
Decease in stocks
(Increase)/decrease in debtors
(Decrease) in creditors
Net cash outflow from operating activities		 2024
£
)
(30,015
5,545
)
(1,572
-
)
(339
)
(64,439
)
(40,739
)
(131,559
)
(19,597
5,545
)
(1,572
-
2,645
)
(69,782
)
(44,828
)
(127,589		 2023
£
)
(10,783
6,700
)
(822
855
465
72,717
)
(58,511
10,621
)
(10,783
6,700
)
(822
855
465
72,717
)
(58,511
10,621

39