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Registered number: 01585918

Charity number: 283452

DIORAMA ARTS CENTRE (A company limited by guarantee)

AUDITED

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

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ABOUT ODAC

Old Diorama Arts Centre (ODAC) is a centre for arts creation and communities, with Euston as our inspiration, collaborator and stage.

Named in homage to our iconic original home, ODAC has a long and radical history supporting London’s artistic ecology and communities in Camden.

In the mid-1970s, the Victorian Nash-designed Diorama building, looking over The Regent’s Park was occupied and re-energised by a collective of artists. Born out of an era of DIY culture and opportunity, they made it into a vibrant destination for art, craft, theatre, circus, concerts, raves and more. Formalised as a charity in 1981, by 1987, Diorama Arts proudly proclaimed to be ‘Britain’s Largest Independent Arts Centre’. Several buildings later, since 2013, thanks to British Land, our home has been a purpose-built rehearsal studios centre at the Regent’s Place campus, and with our spaces in high demand. Since 2021, ODAC has undergone an intensive period of change to increase its impact, with a focus on the role of the arts in driving social change.

Dedicated to making, while much of what we do begins behind the closed doors of our studios centre, our programmes burst through our glass walls into the streets, spaces, organisations, economies, and fabric of the communities around us.

Old Diorama Arts Centre, on British Land’s Regent’s Place Campus. Photo credit: Simone Morciano

OUR STRATEGY

In January 2024 ODAC began an ambitious five-year Strategic Plan for the calendar years 2024-29. The refreshed vision, mission and strategy draw on the spirit of our history, the urgent realities of now, and the need to imagine new futures for a neighbourhood and city in flux.

OUR VISION

‘To catalyse artistic creation and collaboration to transform our society and city.’

OUR MISSION

‘To be a vibrant, nurturing centre where artists and residents come together to make the change they need; serving as a springboard for artistic creation and community action, with the neighbourhood and cityscape of Euston as our inspiration, collaborator and stage.’

’T-Break’ by Mickael ‘Marso’ Riviere & Mad Dope Kru performing in 2022

OUR VALUES

COLLABORATIVE: We believe that ideas are enhanced and change is created through exchange and partnership. We work with other voices and across disciplines to support new ideas.
EXPLORATORY: We are a creation centre: for making; for early stages of ideas; for taking risks, trying new things and seeing what happens. We learn through doing, and challenge ourselves to do things differently.
COMMUNAL: We bring people together, to meet and share experiences, space and resources. We are open, flexible, adaptive, and led by the changing needs and goals of our communities.
REGENERATIVE: We’re committed to ensuring our organisation creates a positive impact on the world around us: our natural environment and climate, as well as the people and communities we are part of.
MULTIPLICITY: We embrace and nurture variety in our users, our projects, our team, our collaborators. We are different things to different people, and we celebrate that multiplicity and the diversity that it brings.

OUR ACTIVITY

The following are the key frameworks and projects in which our core programme activity fits:

STUDIO HIRE - Space for the live arts, creative industries and local communities to make, explore and collaborate. We’re known as a high-calibre rehearsal space for theatre, TV and film and this income sustains the charity financially.
CAMDEN COLLABS: The community of not-for-profit Camden-based arts and community
groups benefiting from free or subsidised studio and meeting space at ODAC.
REGENT’S ROOTS FESTIVAL: Our flagship free summer participatory outdoor arts festival,
created with residents from Community Champions Regent’s Park and co-produced with Fitzrovia Youth in Action.
PARTICIPATORY ARTS PROJECTS: Artistic social action and participation activities for all ages, responding to needs and interest. These include the long-running Neighbourhood Makeshop, and other one-off projects.
REMIX DANCE: A street dance project delivering free weekly classes and performance opportunities for children and young people of 5-16 years from the Regent’s Park Estate and the local area.

OUR ARTISTIC POLICY

‘We collaborate with artists who have a vision of the world they want to be part of, and who are finding new ways to make it together.’

ONE ROOF: A development programme and festival supporting the artistic practices of people with lived experience of homelessness.
ARTIST SUPPORT: Commissions or supported studio space for artists and performance companies.
PUBLIC REALM AND SPECIAL PROJECTS: Large-scale, participatory projects for change in cities, that develop residents’ power and expand ODAC’s civic role, at the ideal point of intersection between artistic exploration, local resident participation and urbanism. The first of these was Regent’s Park Estate Story Trail.

Our aim is to lead and be characterised by our work at the central point of intersection between our activity and focus: where ARTISTIC EXPLORATION with RESIDENT PARTICIPATION in SPACE TO CREATE makes impactful CIVIC & SOCIAL ACTION.

One Roof Festival Exhibition Launch, 2023. Photo credit: Matt Mahmood-Ogston

THIS YEAR IN NUMBERS

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3887 535
hours open different groups using our
studios
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60,000+ visitors

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7700+
coffees served by Honest
Grind in our foyer
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£1M+
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25,000+

hours of creation in our turnover for the first time studios

Clay Chronicles by Clayground Collective, Regent’s Park Estate Story Trail. Photo credit: Nick Turpin

£250,000+

5800+

free studio hours for artists, and local projects and charities

paid to independent artists and freelancers

£255,000+

local groups, projects and charities supported with free space

worth of studio spaces provided as in kind support

1200+

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89
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60+

participants at the One Roof Festival

Regent’s Roots Festival attendees

Makeshop sessions

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31
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79 children enrolled as participants in Remix Dance

2100+

artworks installed as part of the Story Trail

studio hours used by ODAC’s in-house programmes

Woman Whole by YARA + DAVINA. Photo credit: Alice Horsley

INTRODUCTIONS

I talk a lot about the projects that ODAC enables in our studios centre ‘bursting out’ through the glass walls of our centre, into the world around us. It’s always been true, but it’s never been as permanent or visible as this year. The product of four years’ work - two in gestation and two in production - the community-commissioned public art project Regent’s Park Estate Story Trail launched in April to national attention and critical acclaim.

Many of our other programmes gathered momentum too. Building on many years of relationships with homelessness-experienced creative communities, January’s One Roof Festival expanded this year to become a year-round programme having secured multi-year investment. We established the Neighbourhood Makeshop which fulfilled a long-held vision by local residents for creative DIY and messy space. And our work in the community-led urban development space became an increasingly important part of our programme.

Trust and collaboration are at the heart of what we’re able to achieve: whether that’s with artists, local residents, hires clients, other local and peer organisations, public sector partners, private sector partners and funders.

Thanks for trusting us and being part of ODAC’s year.

Daniel Pitt

Creative Director & Chief Executive

Story Trail Launch. Photo credit: Alice Horsley

Over the past years, ODAC has taken bold steps in support of its mission by leveraging the arts to foster community health, wellbeing and cohesion within the local area.

This report sets out many examples of how ODAC are doing their great work and demonstrates the power of the arts to connect and transform. It’s not just about programming; it’s about purpose-driven placemaking.

Serving as Trustees of ODAC is a huge privilege given the transformative impact the staff are achieving and the bold scale of our joint ambition.

Jonathan Hewitt and Georgia Hogg, Co-Chairs of Trustees

ODAC. Photo credit: Simone Morciano

OUR CENTRE

A vibrant, nurturing centre where artists and residents come together to make the change they need.

Photo credit: Simone Morciano

Based in Euston and near London’s West End, ODAC offers nine spacious Studios, a Neighbourhood Studio, a Casting Studio, two office spaces, and an airy foyer workspace.

Our flexible, purpose-built performing arts spaces are used by theatre, TV, and film companies for pre-production work, alongside our own in-house programmes, and Camden Collabs - a network of local, community-focused arts groups. This mix of professional, community, and in-house activity makes our centre unique as a hub for creativity and collaboration.

We are here thanks to British Land, on their Regent’s Place campus, and on the doorstep of the Regent’s Park Estate - Camden’s largest housing estate. Having taken on a vital community centre role with local residents, and in the impact zone of HS2 and wider Euston regeneration, ODAC’s programmes have become inextricably linked to community work in this changing built environment.

Open seven days a week, we are officially recognised as a warm and cold space, welcoming people throughout the year. Through our programmes, we use creativity and the arts to make a social impact, while also offering the building itself as a safe and welcoming space for all who need it.

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HIRES
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Central London’s buzziest home for the development of the next big things on stage and screen.

Our studios are used for everything from the early development of new projects to recurring recasts and rehearsals for long-running West End and international theatre tours, alongside TV series for major broadcasters and streaming services, plus castings and wardrobe fittings.

This year, for theatre that’s included the Olivier Award winning Cabaret, A Streetcar Named Desire, Giant, Harry Potter & The Cursed Child; Tony Award-winning Hadestown, WhatsOnStage Award-winning Everybody’s Talking About Jamie and Mean Girls. For TV, it’s included Emmy Award-winning Adolescence, Baby Reindeer ; BAFTA-award winning Big Boys, Such Brave Girls, and many many more.

During the evenings and weekends, we have a thriving and diverse community of regular externally-produced performing arts-based classes for professionals and non-professionals of all ages. Regular classes receive discounted hire rates and contribute to the vibrancy of the centre, alongside supported and in-house programmes.

‘This space was exactly what we needed and more. We’ll be telling everyone about it’

50 First Dates Company Manager

67% 3887

17,500+

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hours of studio hire
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of ODAC’s studio usage open hours from creative company hires

50 First Dates. Photo credit: Pamela Raith

‘Whether it was handling last-minute printing requests, tracking down a trolley or just being on hand while I bobbled around the place and got things done - it was all invaluable. We love coming to ODAC and you lovely lot are a big part of why!’

Jack, CRIPtic Arts

Cabaret Rehearsals. Photo credit: Marc Brenner

CAMDEN COLLABS

The growing network of local, community-driven, arts-led groups and charities that are supported with free space and call ODAC home.

More than 50 groups use ODAC as a base for their socially focused work - from theatremakers and singing groups to mental health projects and cultural organisers. Thanks to funding from We Make Camden Project Grants, we’ve been able to deepen that support this year and strengthen connections between projects. We help turn important local and artistic ideas into reality, without the barrier of venue hire.

This element of our work enhances the Section 106-mandated obligations that relate to ODAC’s premises at Regent’s Place.

London Acting Workshop (Camden Collabs). Photo credit: Alice Horsley

‘ODAC doesn’t just give us a space — they offer a warm, well-equipped environment with a kind and responsive staff. They’ve invited us to take part in their own events, like the summer festival, and they also help us find other venues and opportunities where we can dance. Their support is truly the foundation of everything we do.’

Alyona Dels, Dash Dance - dance groups for Ukrainian people.

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5211
free hours
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58
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£226K + value of studio space

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supported groups
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THIS YEAR, ODAC SUPPORTED: Amka Nzuri Melody Women Focus Frame Pan Intercultural Arts Ar_Tea Wellness Gap Workshops Patina People Artopia Good Work Camden Job Hub Regent’s Park Singers Arts Homelessness International Greek Library of London - EKIVIL Regent’s Park Time Bank Better Way Hands on Hearts Response Ability Theatre Camden Community Centres’ Consortium Highgate Black Women’s Wellness Homos Revive Congo Camden Acting Workshop Promos Rosetta Life Camden Giving Hopscotch Sankofa Story Telling Arts Camden People’s Theatre Hromada Simon Community CamPain Improv Group Spivanka Catriona Gray Photography Just Listening The Curious Club/Outings in Art Camden Youth Theatre Life Writes The Textile Club Creative Health Camden London Trans Choir Third Age Project Crossword Lyric London Women Chess Club Touch Project CIC Dash Dance Company Luna Project/Feedback Theatre Vsesvit Day Time Actors Maanta Theatre Waling Waling DeCental Mosaic LGBT+ Young Persons’ Trust West End Calling Drummond Street Artists Naz & Matt Foundation Yas Queen! Drummond Street TRA Neurodivergent Creative Club Zbirka EngageHere New Diorama Theatre Fitzrovia Youth in Action Novel London

‘You have given me more support than anyone in 30 years of creative work in Camden.’

Andy St John, Camden Acting Workshop

REGENT’S PARK ESTATE STORY TRAIL

Community-commissioned, socially-engaged public artworks celebrate people and heritage with pride.

April saw the launch of the Story Trail, with hundreds of local people, stakeholders and partners coming together to celebrate the culmination of this extraordinary project. Since 2024, ODAC ran more than 65 creative workshops and public events across the estate and with community partners. These shaped the project, with residents choosing locations for artworks and collaborating with artists to inform designs and transform a series of public spaces.

Created by 10 artists and collectives, the 31 artworks now span the Regent’s Park Estate, bringing colour, texture, inspiration and transformation to many previously neglected areas, celebrating both personal and historical stories from the local area, inviting the community to see the area differently.

Walk the trail: odac.uk/stories

Regent’s Park Portrait by Brendan Barry. Photo credit: Nick Turpin

‘The Story Trail is a truly inspiring project

- exactly what the community needed. It brought

warmth, joy, and a real sense of connection. I think it sets a powerful precedent for how public art should be created in our city: collaboratively and with the community at its heart.’

Visitor to the Regent’s Park Estate Story Trail (feedback form)

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31
artworks around the estate
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65
1600+
community engagement
residents involved
sessions
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You Are Here by Ocean Stefan. Photo credit: Nick Turpin

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Funded by: In partnership with:
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‘I believe the Story Trail project is an opportunity for all of us to give our neighbourhood a beam of light and possibility amidst the many difficulties across the world.’

Rukshana Begum, local resident and Neighbourhood Curator

T(h)ree by HAQUE TAN. Photo credit: Alice Horsley

‘ODAC’s team is beautiful. This was one of the most meaningful projects you can do as an artist - embedded in a tight-knit, caring community.’

Alisa Ruzavina, Story Trail artist

ALISA RUZAVINA

Wonderscope by Alisa Ruzavina on Regent’s Place Campus. Photo credit: Nick Turpin

ONE ROOF

A unique, co-created festival and year-round recreational and development programme for artists with lived experience of homelessness.

This year, January’s two-week festival expanded into a year-round programme. We welcomed more than 100 artists with lived experience of homelessness and hosted the three-day Arts & Homelessness International Summit.

From poets, painters, actors and puppeteers to musicians, graffiti artists, singers and just about everything in between, One Roof is a mutually supportive creative community. Almost every facilitator and co-producer who has worked on One Roof has lived experience of homelessness, and many have moved from participating to facilitating their first workshops.

The annual January festival became the springboard for the year-round programming. Through our weekly programme, artists have taken skills-building courses in theatremaking, animation, zine-making and clothing design, and co-created a multi-art-form immersive experience for Camden residents and Council staff.

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One Roof Festival 2025. Photo credit: Daniel Pitt
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6
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600

artists supported with sessions between March and bursaries to expand their October 2025 creative practice

workshop attendances over two weeks for the festival in January

‘ODAC’s commitment to the homelessness community is important and beautiful and the year-round programme will be a game-changer. Hopefully it will also encourage more arts organisations and venues to work more in arts/homelessness.’

Matt Peacock, Arts & Homelessness International

One Roof Festival 2025. Photo credit: Alice Horsley

Thank you as well to The Tedworth Charitable Trust and One Roof’s other generous donors.

NEIGHBOURHOOD MAKESHOP

An extra space to create: reimagining an under-used building for weekly hands-on community and artistic making.

From Autumn 2024 - Spring 2025 a crew of makers came together to repair, upcycle and create; sharing a deep passion for reusing materials to make brilliant, functional art. Created in response to residents’ requests for an accessible, friendly, DIY skill-sharing space. The Makeshop has community co-design at its core. Two free-to-attend sessions a week provide somewhere regular for people to come to learn, express themselves, share a cup of tea and collaborate, without any of the barriers of traditional workshop spaces. From crafting with cans, upcycling discarded street furniture or becoming proficient with power tools - we make it happen at the Makeshop.

The Neighbourhood Makeshop is also home to the Drummond Street Artists, a collective of 25 artists who are currently or have been homeless, including rough sleepers and hostel residents.

Makeshop sessions are continuing in 2026.

‘The Makeshop made a vast improvement to the local community; engaging with local people, empowering skills, ideas, confidence and a sense of belonging. Everyone is always welcomed with a warm smile, a cup of tea and a chat - it is a real precious jewel in our community’

Maker, 2025

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15
9-75
regular makers attending
age range of makers
weekly sessions
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70
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makeshop sessions
delivered
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Neighbourhood Makeshop. Photo credit: Alice Horsley.

The space is made possible thanks to The Euston Partnership, Mace Dragados Joint Venture, and Camden Council. Funded by the Euston Meanwhile Use fund.

Neighbourhood Makeshop. Photo credit: Caitlin Strongarm

REGENT’S ROOTS FESTIVAL

‘These festivals are so important during a time when multiculturalism is under attack. They help to strengthen community cohesion.’

Cllr Nasim Ali OBE, Regent’s Park ward councillor and ODAC Trustee

The biggest day of our year: celebrating our community in the streets!

Regent’s Roots is a one day, outdoor arts and community festival, made with residents and co-produced with Fitzrovia Youth in Action.

On Saturday 2nd August over 1,200 local people gathered at Regent’s Place, and the pedestrianised streets surrounding ODAC for an afternoon of fun. There were professional and community performances, participatory arts projects, interactive workshops and games, a marketplace of community services, and a free lunch! The festival has become a fixture in the local calendar for residents, and showcases a wide range of ODAC projects and supported groups.

Part of Camden Culture Service’s South Asian Heritage Month programme, this year’s programme featured dance from Beeja, circus-theatre from Joli Vyann, ODAC’s Remix Dance, and an expanded programme of Camden Collabs groups, including Waling Waling, Dash Dance, Spivanka, Hromada, Stream Lyric and with the stage hosted by Milli-Rose of Crossword Lyric.

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54%
audience Asian or Asian
British
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94%

1200+ attendees

rated the festival as good or brilliant

81% agreed ‘Being at Regent’s Roots today makes me feel more connected in the community’ and 79% agreed that ‘I experienced something new today that I would not otherwise have experienced.’

Regent’s Roots Festival. Photo credit: Alice Horsley

REMIX DANCE

Much more than a dance class, Remix brings together local families in a positive, inclusive, and inspiring environment.

In-house at ODAC since 2022, Remix Dance is a long-standing community dance project that offers free weekly Street Dance classes and performance opportunities to children and young people aged 5–14 from the Regent’s Park Estate and surrounding areas.

Remix Dance has had a great year, with over 55 children attending weekly sessions. We also delivered 15 workshops with four local schools, taking place at ODAC and in the schools, giving a total of 450 children and young people an extra chance to express themselves through dance.

In Autumn 2024, the young people worked towards their own showcase in December at Euston’s internationally renowned dance theatre, The Place. In spring and summer, they worked towards outdoor shows at five community events, with new choreography: Camden Sports Awards Ceremony, Camden Mela, Regent’s Roots Festival, Bollywood Mela at Camden Market, and FYA’s Street Party.

We also piloted an informal homework club, and we partnered with Fitzrovia Youth in Action to create a film about the challenges of moving from primary to secondary school.

Remix Dance at Regent’s Roots Festival. Photo credit: Zbigniew Kotkiewicz

‘I felt very confident and I’m not shy to express myself while dancing. Thank you for making me believe in myself. I can do anything.’

Remix Dance participant

Remix Dance at Regent’s Roots Festival. Photo credit: Alice Horsley

71%

79 children enrolled

from the Regent’s Park free workshops delivered in Estate local schools

‘The sense of community is truly special. The friendships formed, the teamwork, and the positive atmosphere make it so much more than just a dance school. My child has learned dedication, perseverance, and joy through every class and performance.’

Remix Dance parent

Thanks to financial support from John Lyon’s Charity, Camden Council Regent’s Park Ward Local CIL Fund, and supported by Camden Council Culture Service with funding from the Cultural Education and Learning Support Fund.

RESIDENCIES

New Narratives pledged support to bold and diverse performance projects that challenge conventions and offer fresh perspectives on the world.

By October 2025, the supported artists who had joined us included:

Roots to Rise by Nandita Shankardass: a promenade dance-theatre work weaving ancestry, agriculture, and ecological activism with dance, visual poetry, and storytelling. The show was presented as a tour of UK outdoor arts festivals.
Song Queen: A Pidgin Opera by Helen Epega: the world’s first opera written and performed in Pidgin English, now incorporating Cockney, Patois, Creole, multicultural London slang, and ebonics. The opera was performed at Wilton’s Music Hall.
The Joystick and the Reins by Eve Stainton: a choreographic work influenced by historical reenactments, police and riot arrest imagery, and 1980s Crime Watch episodes, exploring the ethics of reconstructing ‘truth’ on stage. The show premiered at Bold Tendencies in August.

In addition to the core New Narratives residencies, ODAC provided ad hoc support to artists across the year, mainly with short-term studio use to creative development and advice, particularly to local artists and theatre makers.

661 £31,000

hours of space used for artist residencies offered development

value of space given

‘The energy of your building is so warm and vibrant that I really believe it affected all our energy and welcomed collaborators in. We felt so joyful our whole time at ODAC.’

Nandita Shankardass, Roots to Rise (New Narratives Residency)

Roots to Rise by Nandita Shankardass (New Narratives). Photo credit: Thom Seaman

CHANGING EUSTON

Amplifying resident voices through creative collaboration in the

regeneration of Euston.

Where we are, the impact of HS2 and wider regeneration is impossible to ignore. We work with the urban change organisations in the area, on the side of the local community, creating new projects and advocating for community-led change at a senior level.

The arts bring people together and open the door to conversations and connections that can’t happen any other way, which is vital in this context.

HOPE SWEET HOPE

ODAC was commissioned by The Euston Partnership to produce a new mural for the wall around the entrance to the new Euston Community Hub on North Gower Street. ‘Hope Sweet Hope’ is a joyful artwork created by artist PiNS and shaped by over 100 residents through workshops with local groups.

Hope Sweet Hope by PiNS. Photo credit: Nick Turpin

‘It’s simple: When people cocreate the places they live in, they’re healthier, happier and more connected. [...] Public art is much more than Instagrammable murals or sculptures; it’s a powerful way for communities to speak up, take space and claim agency.

Teshome Douglas-Campbell, The Developer, on Regent’s Park Estate Story Trail

COMMUNITY RESEARCH

The next ambitious project in this context, which kicked off at Regent’s Roots in August and continued into the autumn, is with Camden Council as part of their work with the Euston Housing Delivery Group, set up by the Ministry of Housing, Communities and Local Government. We’re trialling an innovative artist-led approach to community research, exploring what makes a good home and the power of community involvement in housing development.

ODAC is pleased to be leading this work in collaboration with key community partners, Fitzrovia Youth In Action, Somers Town Community Association and Hopscotch Women’s Centre, and working with many other local community organisations and our Camden Collabs groups.

Regent’s Roots Festival. Photo credit: Alice Horsley

FOYER

ODAC’s foyer is home to Honest Grind Coffee’s only public outlet. HGC is a radical employability programme and speciality coffee roastery, created by Camden Council’s Integrated Youth Support Service.

They provide bespoke employability training and paid work to young people that builds self-esteem, develops work skills, and creates clear pathways into employment. They train the young people to roast and pack the beans and prepare coffees to barista standards, serving delicious drinks to ODAC’s community in a supportive training environment.

80%

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7786
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young trainees of young people reported feeling more confident

coffees served!

Photo credit: Alice Horsley

EXHIBITIONS

With a yearly footfall of over 60,000, the foyer’s walls serve as an informal gallery, showcasing work from ODAC’s in-house programmes and supported groups. This year, we presented two exhibitions from the Story Trail ahead of and during its launch, a brilliant display from the Drummond Street Artists, an exhibition celebrating International Women’s Day from Hopscotch, artwork created by artists during our One Roof Festival, and a montage of photographs taken by our brilliant photographers at ODAC events throughout the year.

One Roof Festival Exhibition. Photo credit: Alice Horsley

Drummond Street Artists exhibition. Photo credit: Alice Horsley

CROSS-SECTOR NETWORKS

ODAC is an active member of local and national peer networks across sectors, working towards sharing learning and innovation through collaboration.

Knowledge Quarter is the innovation district and a major global cluster of academic, cultural, research, scientific and technology organisations, large and small based around King’s Cross, Euston and Bloomsbury.

Future Arts Centres is a national network committed to championing the unique importance of arts centres at a local, regional and national level - the cultural venues of tomorrow.

Camden Community Centres’ Consortium (C4) is a sector collective action charity that brings together organisations leading and operating community spaces in the borough. CEO Daniel Pitt was appointed Co-Chair in May 2025.

Story Trail Launch. Photo credit: Alice Horsley

FINANCE

A charitable social enterprise, growing and diversifying year-on-year.

ODAC operates a self-sustaining charitable model with no core grant funding. Income from studio hires is our core income, with which we try to cover the costs of operating the centre and supported use of the space, and then all programmes are fundraised for from external sources.

Programme-related funding this year comes from an increasingly diverse range of sources: the public sector - London Borough of Camden; Arts Council England; artsfocussed trusts and foundations; social-impact focussed trusts and foundations; local businesses; urban development partners; and individual donations.

However we experienced financial challenges this year, due to the knock-on-impacts of the wider economy and creative industries upon which our core income relies. Studio hire income has plateaued for three years now, while costs rise.

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£1.09M
total income
76%
increase in
programme-related
income compared
to 23/24
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INCOME SOURCES
Arts
Council
England London
3% Borough of
Camden
13%
Trusts and
foundations
7%
Programme fees
Studio hire
10%
62%
Other
3%
Donations
2%
Equipment and
other premises hire
1%
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£250K+
paid to independent artists
and freelancers
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DIORAMA ARTS CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 St*•mènt of tru$tses' rtsponsibilities The trustees, whts are also the directors of Diorama Arts Cèntre for the purpose of wmpany law, are responsible for preparing the Trustees, Report and thé finanal statements in accordance with applicable law and United Kingdom Accounting Siandards (United Kingdom Generally Accepted Accounling Practice). Company law requires the trustees to prepa finanaal statements for each finanrAal year which give a true and fair V18w of thé slats of affair5 of the charily and of the incoming resources and applI110n of resources, including the Income and expenditure, of the charitable company for that year. In pparing these financial statements, the Iruslees are qUired lo.. select suitable accounting policies and then apply Ihern consislenly., observe the methods And prinuples in the Charities SORP., maké judgemerrts and eslirnates that a reasonablg and piudenl. and prepare the financial statements on tho going concem basis unless it is inappropriate to pr•sume that the tharity will continue in operation. The trustees are responsible for kèèping 8dequale 8ccounling records that disdose with reasoThab acwracy at any time the financial position of the charity and enable them to ensure that the financial slalernenls comply with the Companies Act 2006. They are also spOnsible foi safpguarding the a55ets of the charty and hence for taking rèasonable steps for the prevention and detection of fraud and other irregulanties. Auditor In accordance with the companys articles, a resolution proposing that Galloways Accounting (Audit) Limited be reappointed as auditor of the company will be put at a G•n8ral Meeting. The Iruslees. repori was approved by the Board of Trustees. Georgi8 Hogg (Co-chair) 22.06.26 Date.. 20-

DIORAMA ARTS CENTRE

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DIORAMA ARTS CENTRE

Opinion

We have audited the financial statements of Diorama Arts Centre (the ‘charity’) for the year ended 30 September 2025 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including 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:

give a true and fair view of the state of the charitable company's affairs as at 30 September 2025 and of its incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

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 charity 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 charity’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 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 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.
21 -

DIORAMA ARTS CENTRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DIORAMA ARTS CENTRE

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose 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 charity’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

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the property industry;
We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
Identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance through the audit.

We assessed the susceptibility of the company's financial statements to material misstatements, including obtaining an understanding of how fraud might occur; by:

Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge or actual, suspected and alleged fraud;
Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we-

Performed analytical procedures to identify any unusual or unexpected relationships;
Tested journals entries to identify unusual transactions;
Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
Investigated the rationale behind significant or unusual transactions.
22 -

DIORAMAARTS CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DIORAMAARTS CENTRE In resph)nse to the risk of irregularib'es and nonacompliancè with laws and regulations, we designed procsduras which included, bul were not limited to.. Agreeing financial ststemenl disclosures to underfying supporbng dwumentsbon., Enquiring of management as to actual and wlenlial litsgation and claim$- and Reviewing ¢orrgswndence with HMRC, levant regulators and the company's legal advisors. There 8re inherent limitations in our audit procedures descfibed abovè. Thè mor8 removed that laws and regulations are from financi81 transacts'ons, the less likely it is that we would becorng aware of non-compliance. Auditing standards also limit th8 audrt procedures required tts id8nb.fy non-compliance with laws and regulations lo 8nquiry of Ihe dire¢tors and other mana9ement and the inspection of regutOry and legal corr&sponden¢6, if any. Material misstatements thal 8ri$è due lo fraud can be hardar to dètect than those that arise from èrror as thgy fflay involve deliberate con81mnI or collusion. Use of our report This report is madè solèly lo the charity's irustaas, as a body, in accordance with Part 4 ¢f the Charities (Accounts and Reports) Regulations 2008. Our audit work has beèn undertaken so that wè might state to the charivs Irusteas thosg tnatters we are r8quired to st8tg to them in an auditor's rewrt and for no other purpose. To the fullest extent txnnitted by law, we do not 8ecept or assume responsibilty to anyone other than the charity and tha charit1$ Irus¢e85 as a body, for our audit work, for this report, or for the opinions we have fom)ed. Galloways Accaunting I -t) Limitod Y(f. 6- 2e)L{ Chartgrgd Accountants StatutoryAudltor 15 West Strgot Brighton East Sussex BN12RL G8lloway5 Accounting (Audit) Limilod is eligible for appoinlmgnl as 8uditor of tha ch8rity by virtue of its eligibilty for appointrnent as auditor of 8 company under sedion 1212 of th8 Companies Ad 2006. 23-

DIORAMA ARTS CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2025	2025	2025	2024	2024	2024
	Notes	£	£	£	£	£	£
Income from:
Donations and legacies	3	38,260	230,904	269,164	981	206,637	207,618
Charitable activities	4	733,464	73,333	806,797	691,842	-	691,842
Investments	5	11,373	-	11,373	15,425	-	15,425

Total income		783,097	304,237	1,087,334	708,248	206,637	914,885


Expenditure on:
Raising funds	6	127,205	-	127,205	65,765	-	65,765
Charitable activities	7	604,070	350,677	954,747	697,439	234,588	932,027

Total expenditure		731,275	350,677	1,081,952	763,204	234,588	997,792


Net income/(expenditure)		51,822	(46,440)	5,382	(54,956)	(27,951)	(82,907)
Transfers between
funds		(7,159)	7,159	-	-	-	-

Net movement in
funds	9	44,663	(39,281)	5,382	(54,956)	(27,951)	(82,907)
Reconciliation of funds:
Fund balances at 1 October
2024		540,669	39,281	579,950	595,625	67,232	662,857

Fund balances at 30
September 2025		585,332	-	585,332	540,669	39,281	579,950

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

24 -

DIORAMAARTS CENTRE STATEMENT OF FINANCIAL POSITION ASAT30 SEPTEMBER 2025 2025 2024 Notes Flxèd as$•ts Tangible assets 13 6.718 8,957 Current assets Debtors Cash at bank and in hand 14 168.336 615.575 138,878 576,458 783,911 715.336 CredltOTS'. afflounts falllng due within onè y•ar 15 1205,2971 {144.3431 N•t currènt ass•ts 578.614 570,993 Total asBets loss eurrènt IlabSlltie8 585.332 579,950 The fund8 of the charlty Restricted income funds Unrestrictéd funds 18 19 39,281 540,669 585,332 585,332 579,950 The directors acknowledge their responsibilities for complyng with the requirements of the Ccfflponlfj$ Act 2006 th respect to ac(rsunling CordS and thè prèp8r8tion of financial statements. These financial statements ha been prepared in accordanca wth Ihg prowsions applicabb to companie8 subject 10 the small companies regime. Th8 fin8ncial statements wer8 approved by tho Irustoes on ........................ Georgia Hog9 ICL¥Ch8irl -25-

DIORAMA ARTS CENTRE

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

		2025		2024
	Notes	£	£	£	£
Cash flows from operating activities
Cash generated from/(absorbed by)	22
operations			27,746		(64,853)
Investing activities
Investment income received		11,373		15,425

Net cash generated from investing activities			11,373		15,425
Net cash generated from financing activities			-		-

Net increase/(decrease) in cash and cash
equivalents			39,119		(49,428)
Cash and cash equivalents at beginning of year			576,458		625,886

Cash and cash equivalents at end of year			615,575		576,458

26 -

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 Accounting policies

Charity information

Diorama Arts Centre is a company limited by guarantee and registered in England & Wales. The address of its registered office is Old Diorama Arts Centre, 201 Drummond Street, London NW1 3FE.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

27 -

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

28 -

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2025	2025	2025	2024	2024	2024
	£	£	£	£	£	£
Donations and gifts	3,164	13,500	16,664	981	29,867	30,848
Other grants received	35,096	217,404	252,500	-	176,770	176,770

	38,260	230,904	269,164	981	206,637	207,618

29 -

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

4 Income from charitable activities

				Total	Total	Total
				2025		2024
				£		£
	Studio Hires			733,464		691,842
	Other Programme Income			73,333		-

				806,797		691,842


	Analysis by fund
	Unrestricted funds			733,464		691,842
	Restricted funds			73,333		-

				806,797		691,842


5	Income from investments
		Unrestricted			Unrestricted
				funds		funds
				2025		2024
				£		£
	Interest receivable			11,373		15,425


6	Expenditure on raising funds
		Unrestricted			Unrestricted
				funds		funds
				2025		2024
				£		£
	Fundraising and publicity
	Rates and service charges			18,242		24,777
	Telephone, internet and IT costs			286		818
	Advertising			1,254		588
	Staff costs		107,423			39,582

			127,205			65,765

30 -

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

7 Expenditure on charitable activities

		Total	Total
		2025	2024
		£	£
	Direct costs
	Staff costs	237,296	338,883
	Depreciation and impairment	2,241	2,985
	Project expenses	357,485	197,240
	Repair and maintenance	62,425	125,331
	Office expenses	26,387	17,340
	Rent, rates and service charges	198,502	210,604
	Bank charges	1,278	852
	Bad debt	26,089	7,743
	Telephone,internet and service charges	9,023	6,956

		920,726	907,934
	Share of support and governance costs (see note 8)
	Governance	34,021	24,093

		954,747	932,027


	Analysis by fund
	Unrestricted funds	604,070	697,439
	Restricted funds	350,677	234,588

		954,747	932,027


8	Support costs allocated to activities
		2025	2024
		£	£
	Governance costs	34,021	24,093


	Analysed between:
	Total	34,021	24,093


		2025	2024
	Governance costs comprise:	£	£
	Staff costs	-	1,827
	Audit fees	8,500	4,200
	Legal and professional	10,334	5,268
	Rent, rate & service charge	9,121	12,389
	Telephone, internet & IT costs	143	409
	HR services	5,923	-

		34,021	24,093

31 -

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Net movement in funds	2025	2024
	£	£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements	8,500	4,200
Depreciation of owned tangible fixed assets	2,241	2,985

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
	2025	2024
	Number	Number
Manager of the charity	1	1
Administration and support	18	18

Total	19	19


Employment costs	2025	2024
	£	£
Wages and salaries	300,940	368,034
Social security costs	34,685	2,810
Other pension costs	9,094	9,448

	344,719	380,292

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

32 -

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

13 Tangible fixed assets

13	Tangible fixed assets
				Fixtures and
					fittings
					£
	Cost
	At 1 October 2024				102,184

	At 30 September 2025				102,184

	Depreciation and impairment
	At 1 October 2024				93,225
	Depreciation charged in the year				2,241

	At 30 September 2025				95,466

	Carrying amount
	At 30 September 2025				6,718


	At 30 September 2024				8,957


14	Debtors
			2025		2024
	Amounts falling due within one year:		£		£
	Trade debtors		90,700		84,090
	Other debtors		18,342		-
	Prepayments and accrued income		59,294		54,788

			168,336		138,878


15	Creditors: amounts falling due within one year
			2025		2024
		Notes	£		£
	Other taxation and social security		13,810		8,493
	Deferred income	16	152,735		34,434
	Trade creditors		19,663		77,374
	Other creditors		-		14,842
	Accruals		19,089		9,200

			205,297		144,343


16	Deferred income
			2025		2024
			£		£
	Other deferred income		152,735		34,434

33 -

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

16 Deferred income

(Continued)

Deferred income is included in the financial statements as follows:

		2025	2024
		£	£
	Deferred income is included within:
	Current liabilities	152,735	34,434


	Movements in the year:
	Deferred income at 1 October 2024	34,434	-
	Released from previous periods	(34,434)	-
	Resources deferred in the year	152,735	34,434

	Deferred income at 30 September 2025	152,735	34,434


17	Retirement benefit schemes
		2025	2024
	Defined contribution schemes	£	£
	Charge to profit or loss in respect of defined contribution schemes	9,094	9,448

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

	October	Incoming	Resources	Transfers	At 30
	2024	resources	expended		September
					2025
	£	£	£	£	£
Remix Dance	-	46,544	(50,242)	3,698	-
Camden Council Community
Impact Resilience Fund	-	9,369	(9,369)	-	-
Regent's Roots Festival	-	9,500	(9,500)	-	-
Regent's Park Estate Story Trail	38,011	134,330	(175,682)	3,341	-
Neighbourhood Makeshop	1,270	6,030	(7,420)	120	-
Community Ideas	-	2,000	(2,000)	-	-
One Roof	-	96,464	(96,464)	-	-

	39,281	304,237	(350,677)	7,159	-

34 -

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Restricted funds							(Continued)
Previous year:	At 1	October	Incoming	Resources	Transfers		At 30
		2023	resources	expended			September
							2024
		£	£	£		£	£
Remix Dance		-	50,230	(50,230)		-	-
Camden Council Community
Impact Resilience Fund		8,678	-	(8,678)		-	-
Cost-of-living Crisis Response		-	30,600	(30,600)		-	-
Regent's Roots Festival		-	17,152	(17,152)		-	-
Regent's Park Estate Story Trail		52,554	93,685	(108,228)		-	38,011
Arts & Homelessness		-	4,000	(4,000)		-	-
Camden Giving Future
Changemakers		6,000	-	(6,000)		-	-
Neighbourhood Makeshop		-	10,970	(9,700)		-	1,270

		67,232	206,637	(234,588)		-	39,281

Note to Restricted funds

Remix Dance - for children and young people's community dance projects and related activities.

Camden Council Community Impact Resilience Fund - remainder of grant enabling the hiring of a Fundraising Manager and other business model developments.

Cost-of-Living Crisis Response - Regent's Park Together partnership grant from Community Infrastructure Levy to support delivery of Community Kitchen and related food-based community projects.

Regent's Roots Festival - for the delivery of an outdoor arts and community festival in the Regent's Park Estate, including funds from Camden Council Culture Service for South Asian Heritage Month programming, Camden Community Festival Fund, and University of Tulsa.

Regent's Park Estate Story Trail - for the production of a community-led socially engaged public art trail in the Regent's Park Estate from Camden Council Parks & Open Spaces, Participation, and Community Infrastructure Levy.

Arts & Homelessness - private donations towards the production of One Roof Festival.

Camden Giving Future Changemakers - remainder of grant for a youth-led creative careers development programme.

Neighbourhood Makeshop - Euston Meanwhile Use Fund grant for the operation and delivery of community activities delivered in the Annex of Old Maria Fidelis School.

Community Ideas - We Make Camden Kit small grant from Camden Giving, for use on the delivery of filmmaking workshop series 'MBU Make and Be You' led by local resident Bahja Mahamed.

One Roof - Grants from The Linbury Trust, John Laing Charitable Trust, Arts Council England and The Tedworth Charitable Trust for ODAC's in-house produced work with the homelessness-experienced community.

35 -

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1	October	Incoming	Incoming	Resources	Resources	Transfers	Transfers		At 30
		2024	resources		expended				September
										2025
		£		£		£		£		£
General funds		540,669		783,097	(731,275)			(7,159)		585,332


Previous year:	At 1	October	Incoming		Resources		Transfers			At 30
		2023	resources		expended				September
										2024
		£		£		£		£		£
General funds		595,625		708,248	(763,204)			-		540,669


Analysis of net assets between	funds
					Unrestricted		Restricted			Total
						funds		funds
						2025		2025		2025
						£		£		£
At 30 September 2025:
Tangible assets						6,718		-		6,718
Current assets/(liabilities)						578,614		-		578,614

						585,332		-		585,332


					Unrestricted		Restricted			Total
						funds		funds
						2024		2024		2024
						£		£		£
At 30 September 2024:
Tangible assets						8,957		-		8,957
Current assets/(liabilities)						531,712		39,281		570,993

						540,669		39,281		579,950

20 Analysis of net assets between funds

21 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

36 -

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Cash generated from/(absorbed by) operations	2025	2024
	£	£
Surplus/(deficit) for the year	5,382	(82,907)
Adjustments for:
Investment income recognised in statement of financial activities	(11,373)	(15,425)
Depreciation and impairment of tangible fixed assets	2,241	2,985
Movements in working capital:
(Increase) in debtors	(29,458)	(31,513)
(Decrease)/increase in creditors	(57,347)	27,573
Increase in deferred income	118,301	34,434

Cash generated from/(absorbed by) operations	27,746	(64,853)

23 Analysis of changes in net funds

The charity had no material debt during the year.

37 -

2025-09-30-accounts

Registered number: 01585918

Charity number: 283452

AUDITED

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ABOUT ODAC

OUR STRATEGY

OUR VISION

OUR MISSION

OUR VALUES

OUR ACTIVITY

OUR ARTISTIC POLICY

THIS YEAR IN NUMBERS

£255,000+

INTRODUCTIONS

Daniel Pitt

Creative Director & Chief Executive

OUR CENTRE

Central London’s buzziest home for the development of the next big things on stage and screen.

67% 3887

17,500+

CAMDEN COLLABS

REGENT’S PARK ESTATE STORY TRAIL

Community-commissioned, socially-engaged public artworks celebrate people and heritage with pride.

‘The Story Trail is a truly inspiring project

- exactly what the community needed. It brought

ONE ROOF

600

NEIGHBOURHOOD MAKESHOP

REGENT’S ROOTS FESTIVAL

The biggest day of our year: celebrating our community in the streets!

REMIX DANCE

RESIDENCIES

661

£31,000

CHANGING EUSTON

Amplifying resident voices through creative collaboration in the

regeneration of Euston.

HOPE SWEET HOPE

COMMUNITY RESEARCH

FOYER

EXHIBITIONS

CROSS-SECTOR NETWORKS

FINANCE

A charitable social enterprise, growing and diversifying year-on-year.

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DIORAMA ARTS CENTRE

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DIORAMA ARTS CENTRE

Opinion

In our opinion, the financial statements:

Basis for opinion

Conclusions relating to going concern

Other information

Matters on which we are required to report by exception

DIORAMA ARTS CENTRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DIORAMA ARTS CENTRE

Responsibilities of trustees

Auditor's responsibilities for the audit of the financial statements

DIORAMA ARTS CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025

DIORAMA ARTS CENTRE

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

DIORAMA ARTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 Accounting policies

Charity information

1.1 Basis of preparation

1.2 Going concern

1.3 Charitable funds

1.4 Income

DIORAMA ARTS CENTRE

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