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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 06550042 (England and Wales) REGISTERED CHARITY NUMBER: 1153310

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR MIMBRE LIMITED

Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE

MIMBRE LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Report of the Trustees 1 to 16
Independent Examiner's Report 17
Statement of Financial Activities 18
Balance Sheet 19
Notes to the Financial Statements 20 to 25
Detailed Statement of Financial Activities 26 to 27

MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019).

Lifted, Mimbre Youth Programme, Lifted understudy rehearsals, Inclusive Acrobalance Residency with Daryl & Co. Image credits: Lina Johansson, @HeardinLondon, Emily Nicholl

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Summary

April 2021 to March 2022 was another year of change, very much still affected by Covid-19, but despite this Mimbre was fortunate to be busy with a variety of exciting projects. From touring our outdoor show Lifted again, being back in rehearsals with exciting collaborators, finally bringing our youth programme back to our home hall, to supportive residencies investigating acrobatics as a more inclusive artform, our work was again varied, beautiful and most importantly valued by our audiences, participants and collaborators. Highlights of the year include:

We would like to thank our funders and supporters: Arts Council England, the London Borough of Hackney, National Lottery Community Fund, Hackney Giving, Localgiving, the Golsoncott Foundation, the Leche Trust and our donors.

Over the year the organisation’s income was £267,157 (2020/2021: £228,117) and total expenditure was £261,948 (2020/2021: £215,769), the increase reflecting that Mimbre was once again producing and touring work. Mimbre spent some of its reserves, leaving it with £104,522 (2020/2021: £99,313), which is well in excess of its operational reserve level of £32,000.

Looking forward to 2022/2023, Lifted toured again, including to the USA, and our new co-production with Daryl & Co, Look Mum, No Hands , also toured to libraries and outdoor venues receiving terrific feedback. In November 2022 we were very happy to be once again included in Arts Council England’s National Portfolio of regularly funded organisations. This funding will take the company through to March 2026.

Inclusive Acrobalance Residency with Daryl &Co, Mimbre Youth Programme, Fly. Flyga. Illa fäkta. Image credits: Emily Nicholl, @HeardinLondon, Lina Johansson

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About Mimbre

Mimbre are a female-led producing company, creating acrobatic theatre for outdoor and unusual settings, touring nationally and internationally, with a strong digital presence. We collaborate across the Creative Industries, as consultants and creators. We run a vibrant local youth programme and an Artist Development Programme for physical performers.

We use circus and movement innovatively as a physical language to illuminate human connections. We pull down barriers to reach beyond social, financial, and cultural boundaries and facilitate everyone’s place within the arts. In all our work we challenge gender stereotypes and promote a positive, diverse, and inclusive image of cis and trans women as well as non-binary people.

We make at least two productions each year, including at least one tour, typically reaching around 20,000 live audiences. In the last five years, our digital reach has been 3.5M.

Our youth programme, Mimbre Youth, is rooted in the communities of our local borough of Hackney. It includes classes, community days, performance projects and progress routes. It is a place where young people can express themselves creatively, gain confidence and work as a team. Mimbre Youth focuses on access, inclusion and excellence, and pulls down barriers to enable every child to thrive, regardless of means or abilities.

Our Artist Development Programme advances circus and leadership through professional development initiatives, artistic research and knowledge sharing. We focus on mid-career performers, women, non-binary artists and those from under-represented backgrounds.

A collaborative approach permeates all aspects of our work, from our company structure to our relationship with our performers, audiences and participants. Working with a wide variety of artists, technical innovators and educators, across art forms and borders allows us to continuously enhance our artistic vocabulary and create bold, challenging and highly skilled work.

Activities and achievements throughout the year

Productions and touring

Lifted

“After a year of not being able to tour and perform in front of a live audience (with the exception of GDIF in September 2020), it was such a joy to be back on the road and to travel from festival to festival to share our show Lifted. The themes of the show seemed even more poignant this year: support, human connections, collaboration and lifting each other up. There seemed to be a big craving to watch live performances again and to be able to share outdoor spaces together again!

“We shared many beautiful moments with the audience: during our first show of the tour at The Lowry in Salford a woman told us how much she was moved by it and that seeing the performers working physically together throughout the performance made her well up…

“Another memorable moment was in Milton Keynes International Festival: a scorching weekend of temperatures above 30 degrees, making it on the limit for us to perform the

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show safely. But as we walked out of the dressing rooms thinking of having to announce a cancellation, a big, eager audience was sitting on the grass, sun umbrellas and water bottles at hand, waiting for the show to start…their energy lifted us so much that we decided to go on with some minor adaptations (and a couple of buckets full of ice to cool us down) and they absolutely loved it…think we got a standing ovation for that one!”

Silvia Fratelli on touring Lifted in 2021

Lifted at Swansea. Image credit: IneptGravity

Despite all the uncertainties coming into the summer of 2021, Mimbre managed to complete a very successful tour of Lifted with 12 dates. The Lifted tour visited Salford, Mansfield, Basingstoke, Milton Keynes, Swansea, London, Stoke-on-Trent, Waterford Ireland, Derry, Poole & Christchurch, and Derby.

We had to manage the rehearsals very carefully because of the threat of Covid-19 and you can read more about how we approached that here: https://mimbre.co.uk/how-we-decided-to-run-our-rehearsals-and-tour-preparations/

New performer Jaide Annalise fitted very well into the team alongside Silvia and Associate Performer Freya Stokka.

Securing a Culture Recovery Grant from Arts Council England meant we could train a team of understudies for the show: Tamzen Moulding, Lucie N'Duhirahe and Associate Artist Martha Harrison. Tamzen Moulding performed as the flyer in Lifted at the Spraoi Festival in Waterford in Ireland as planned cover, and when Freya Stokka was injured, Martha Harrison was able to step in at the last moment as the base for an adapted show in Derry.

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The full Lifted performer and understudy team. Photo by @HeardinLondon

Looking forward, Lifted toured again successfully the following year including visiting Arkansas, Texas and Florida in October 2022.

Look Mum, No Hands!

During 2021, Lina and co-creator Daryl Beeton of Daryl & Co finished their work on the Without Walls ‘Blueprint’ Research and Development phase of this production. Virtual rehearsal days took place with artists Maiya Leeke, Rosy Roberts and the creative team.

Mimbre and Daryl & Co also co-created an Inclusive Acrobalance Training Residency at 101 Outdoor Creation Space. Four of Mimbre’s acrobats took part with four wheelchair-using dancers/physical performers, in a three-day residency of technical, creative and investigative training and play. This was co-led by Rick Rodgers (Para Cheerleader), Daryl and Lina.

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The Inclusive Acrobalance Residency
Photo by Emily Nicholl
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At the end of 2021 the project was awarded more funding from Without Walls for a full production in 2022, also supported by The Spark Arts for Children, the Golsoncott Foundation, the Leche Trust and the Foyle Foundation (this income falls into the following tax year). Rehearsals took place in March 2022.

Look Mum, No Hands! went on tour to libraries at the beginning of April 2022 and then toured to outdoor festivals.

The full LMNH team are:

Co-Directors | Daryl Beeton and Lina Johansson

Cast | Laura Dajao, Danielle Summers, Kat Ball (roleshare) and Sophie Page (understudy) Composer | Gareth Cutter

Production Design | Jonathan Van Beek Inclusive Acrobatic Consultant | Rick Rodgers

Company Stage Manager | Stella Kailides and Livvy Lynch (cover) Project Manager | Zsófi Szendrei

Concept devised with Maiya Leeke and Rosy Roberts

Look Mum, No Hands! publicity image. Image credit: Rachel Hardwick

Commissions, consultancy and collaborations

The Sofa Dance

The Sofa Dance film, created in 2020, was included both in Norwich Theatre’s online programme and Dublin Dance Festival, together with online family sofa dance workshops. It was also included as part of an online cabaret fundraiser for an endometriosis charity.

The Bloody Chamber

Joint Artistic Director Silvia Fratelli worked as Acrobalance Choreographer for The Bloody Chamber with Proteus Theatre Company early in the year. The Mimbre staff team saw the premiere of it in Worthing in June 2021 and it was really great to see Anesta Mathurin (who was in Mimbre’s Dream Parade ) and Jessica Andrade in particular give great performances. The Bloody Chamber tours nationally in 2022.

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Eugene Onegin

Joint Artistic Director Lina Johansson worked as Acrobatic Choreographer for a restaging of Garsington Opera’s 2016 production of Eugene Onegin , directed by Michael Boyd which ran in June and July 2021.

You can read about how Lina had to adapt her rehearsal process during the pandemic here: https://mimbre.co.uk/garsington-operas-creativity-through-constraint/

Maria Corcoran and Circus250

Lina, Silvia and acrobat Nikki Rummer spent four days working with performers Maria Corcoran and Aoife Raleigh, produced by Circus250 (run by Dea Birkett), on their new outdoor ecology show Breathe - Circus To Make You Gasp .

Fly. Flyga. Illa fäkta.

Lina took part in an international Research & Development project: Fly. Flyga. Illa fäkta. with Freya Stokka and Circus By Me in Sweden in October 2021, exploring physical ways of reflecting on consent, personal space and violence against women.

Eye Ear You

In February 2022 Lina, Silvia, Freya, Ruby Gaskell and Alison Halstead spent a few days filming a short visual led film with Shona Heath – the set designer who Mimbre worked with on the Dior project in 2019. The film can be seen here: https://shonaheath.com/eyeearyou/

Eye Ear You. Images by Shona Heath

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Fashion

Mimbre were featured in CRFashion Book’s Issue 19 and VIEW Magazine’s Issue 136.

Mimbre Youth Programme

Mimbre Youth Programme, which consists of street dance and acrobatics classes for 5 - 15 year olds, happened in a variety of locations over the year reaching 180 young people.

Lina Johansson on getting Mimbre Youth started in person again.

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Lina Johansson supporting a somersault and Mimbre Youth watch Folkdance Remixed
Photos by @HeardinLondon and Lina Johansson
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The summer term in 2021 took place outside in Butterfield Green, close to Milton Gardens Community Hall, because larger groups could still not gather indoors due to the Covid-19 pandemic. Bibi and Bichu from Circus Abyssinia and hula hooper Amazí taught guest classes, with Lina and core teacher Natasha Khamjani leading a mix of juggling, dance, skipping and acrobatics for the other sessions. For the last class parents of the younger group were invited to join in and we had some lovely family dance offs and acrobatic pyramid buildings, as well as cake.

Mimbre Youth Programme finally reopened with indoor in-person classes at the end of September but was unfortunately still unable to use our usual hall, Milton Gardens, because of Hackney Council’s restrictions. Fortunately, we managed to secure another hall close by, St Matthias Hall.

A highlight of September 2021 was finally being able to perform Lifted at the youth club next to Milton Gardens Community Hall and you can see some of the young people’s moves from the autumn term here: https://www.youtube.com/watch?v=_Ij1Ip8UwUY&t=9s.

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Lifted at Mimbre Youth, photo by @HeardinLondon

Mimbre Youth Programme continued at our replacement hall, St Matthias, for the autumn 2021 and spring 2022 terms. We finally returned to Milton Gardens Community Hall for our community day at the end of March 2022.

During the year we also took the youth programme to see Natasha Khamjani’s company Folkdance Remixed perform at Cecil Sharpe House, and Cirque du Soleil at the Royal Albert Hall.

Mimbre Youth Programme was supported by the London Borough of Hackney, National Lottery Community Fund, Hackney Giving and Local Giving

Artist and sector development

Artist support

As well as the understudy support for Lifted mentioned above, with part of the Creative Recovery Fund money, Mimbre ran a paid recovery week for six freelance performers, giving them physiotherapy, fitness training, time for creative play and skillshares and a chance to prepare themselves for returning to live performance.

You can see two videos documenting the week here: https://www.youtube.com/watch?v=AssHzaRJ33A https://www.youtube.com/watch?v=MhJ7WVwf0BE&t=6s

“I'm so grateful for this week. It's been amazing. I can't even tell you how much it's been so good for the body, mind and soul and my heart is full seeing everybody. And then just being here in this atmosphere has just been so encouraging and supportive." Jackie Le

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Lina Johansson on Mimbre's Strengthening and Physical Recovery Sessions

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The performer recovery week
Photos by the team
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After the summer, the core Lifted team continued training once a week into the autumn and Silvia Fratelli organised group acro training sessions for a group of female and non-binary acrobats each Thursday. We also ran another week of classes at Tripspace in north London, where we welcomed a new group of dance-acrobats into the Mimbre style.

Mimbre led a three day long creative and inclusive group acrobatics residency plus a directing and choreography lab at NoFit State Circus’ project Circus Village in early September.

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“I feel full again! Thank you Lina, Silvia, Freya, NoFit State and everyone who was there and involved for creating such a wonderful platform for sharing and growing. I have grown. I know this because it was painful and difficult but I am bigger now so it was worth it. Much love” Participant

Jessica Abouzeid (MSc in Sports Psychology) presented a series of online sports psychology workshops for performer freelancers, as part of her graduate summer internship with Mimbre supported by Sheffield Hallam University. The topics included motivation for circus artists, positive psychology, behaviour change and getting in ‘the zone’ .

We spent an excellent week with Tuk Frederiksen from Company XY in February 2022 building the skills not only of our core team, Silvia, Freya and Jaide, but also a larger group of acrobats on two of the days. This was also the first time Mimbre had invited over someone from Europe following Brexit, and there was some additional paperwork to complete for the ‘permitted paid engagement’ visa route.

As well as involving freelancers in some of our business planning and company training as mentioned below, we also gave in-depth support to two freelancers, one of whom as part of her ‘Develop Your Creative Practice’ project funded by ACE. Advice and support was also given to freelancers on subjects such as the UK’s new immigration rules, VAT, applying to the Arts Council and touring as a parent.

We would also like to note that three of the freelancers we supported financially last year have been successful with their projects: Rebecca Solomon and Farrell Cox have both had successful ACE applications and Alison Halstead has been offered a place in an Introduction to Playwriting Group at the Royal Court (which are highly sought after.) We also gave informal advice to Hannah Finn and Nikki Hill who have been successful in receiving personal development grants from Arts Council England and Arts Council Wales respectively.

Training week with Tuk Frederiksen

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Sector support

We co-organised a ‘Slow Thinking’ session with Upswing on looking after performers’ mental health in the rehearsal process and you can watch a recording of that session or read notes on it here: https://upswing.org.uk/learning/slow-thinking/

Lissy Lovett, Executive Director, and Silvia have remained part of Circus Change Up, a sector-wide development process for the UK contemporary circus sector, contributing to discussions, running working groups and planning events.

Lina wrote a post for the Carry on Touring network who are campaigning for the relaxation of post-Brexit travel rules for performing companies:

https://www.carryontouring.uk/blogs/carry-on-touring-real-people-real-lives-real-jobs/linajohansson-mimbre

Lina also led a session at the youth circus symposium ‘Circus Rising’ organised by Circus Works, gave a lecture at Goldsmiths and gave a talk on Working with high physicality outdoors at the European Federation for Education and Training in Street Arts online conference in Slovenia. You can read Lina’s lecture as an article on the Without Walls Resources page here: https://withoutwalls.uk.com/high-physicality-at-outdoor-festivals-by-lina-johansson/

Mimbre has continued to be part of a group of companies who are all artist-led and regularly funded by the Arts Council to discuss common challenges and opportunities, and Lissy has attended regular virtual lunches with other fundraisers.

Organisational

Tyaine Wright-Shirley joined the team as its Kickstart scheme-funded Company Trainee at the beginning of October 2021 and worked part-time with the company until the end of March.

Mimbre organised two great anti-racism sessions with Diversity and Inclusion Specialist Yassine Senghor of Confronting Change for our staff team, board, freelancers and associates. Additionally we organised another session with Yassine which was just for our colleagues of colour. Similarly the team, some board members, freelancers and associates took part in a Trans Awareness session run by Gendered Intelligence. Mimbre’s freelancers were all paid to attend these sessions.

The team have also attended training on privilege and inclusion through Fearless Futures, team leadership and anti-racism through UK Theatre, and diversifying boards through the Arts Marketing Association.

Various members of the team attended the Dance & The Outdoors Symposium, Hackney's Arts and Health Network, the Arts Marketing Association conference, the Independent Theatre Council conference, a ‘Devoted & Disgruntled’ day of discussion, an outdoor arts symposium at 101 Outdoor Arts, the Out There festival professional programme, and the I Love Networking group.

Lissy took part in Toolbox, a leadership and development programme for producers working in the outdoor arts and public space run by 101 Outdoor Arts in Newbury in association with Arts Agenda.

The company held several meetings thinking about and planning for the future, including sessions focusing on inclusion, environmental responsibility, creative work and the youth programme. For several of these sessions freelancers were paid for their time to contribute.

Through this year, board development was also a key activity with two strong new trustees, Aramide Ogunlana and Jessica Sims, joining the board at the end of the year.

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Lina and the Mimbre van has also continued supporting two local charities – Hackney Foodbank and The Feelgood Community – with weekly collections and deliveries of emergency food packages.

People

Mimbre is proud to be a fair pay employer, pays its performers rates in line with those of the Independent Theatre Council / Equity agreement and is a member of the Living Wage Foundation. Mimbre is female-led and offers flexible working arrangements to retain talent. It considers developing strong female leaders to be part of its mission.

As well as the Artistic and Executive Directors, Mimbre’s team includes Marketing and Production Manager Zsófi Szendrei and Fundraising Manager Anna Strickland. From October 2021 until March 2022 they were joined by Tyaine Wright-Shirley as Company Trainee.

Mimbre takes the welfare of its performers very seriously and as well as the activities mentioned above under artist and sector support, physiotherapy treatment is arranged before any long rehearsal period or tour for all performers. Core performers are paid for group training sessions. Key freelancers are also paid to attend training sessions and any meetings.

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Photo by @HeardinLondon
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Financial review

In 2021/22 Mimbre's income was £267,157 (2020/2021: £228,177) and expenditure £261,948 (2020/2021: £215,769) giving rise to a small surplus of £5,209 which will be invested back into Mimbre's work.

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Income

Arts Council England

Mimbre is proud to be a National Portfolio Organisation and will remain so until 2026. Mimbre’s funding from Arts Council England this year was £128,087 (2020/2021: £128,087). Mimbre also received £26,120 from Arts Council England from the Culture Recovery Fund, set up to support arts organisations to recover from the Covid-19 pandemic.

Local Authority

Mimbre received £9,650 from the London Borough of Hackney towards its Youth Programme.

Trusts and foundations

Mimbre received £3,000 from Hackney Giving, £6,336 from the National Lottery Community Fund and £500 from Localgiving towards its youth programme. Mimbre received £1,000 from the Golsoncott Foundation and £2,000 from the Leche Trust towards it’s co-production with Daryl & Co Look Mum, No Hands!

Earned income

Mimbre’s earned income during this period was £58,887 (2020/2021: £29,963).

Other Income

Mimbre was due to receive £23,523 (2020/2021: £9,671) from HMRC under the Theatre Tax Relief scheme.

Donations

Mimbre received £596 in donations (2020/2021: £4,536). All board members contributed financially to the company.

Expenditure

Mimbre's overall expenditure during 2021/2022 was £261,948 (2020/2021: £215,769). This amount includes the salaries of permanent members of staff and the company’s overheads. The remainder of the company’s expenditure was spent on Mimbre’s projects, including production and touring work and the Youth Programme.

Reserves policy

The total reserves of the company at the close of 2021/2022 are £104,522 (2012/2021 £99,313). This includes an operational reserve of £32,000 (2020/2021: £32,000), reserves restricted for the Look Mum, No Hands! production of £6,031 (2020/2021: £0) and £98,491 (2020/2021: £90,783) of additional unrestricted reserves earmarked by the board to be put towards a new van (£12,200) and spent on the creation of artistic work (£86,291).

Governing document and Charitable Objectives

Mimbre is a company limited by guarantee (company number 655042) and a registered charity (number 1153310). It is governed by a Memorandum and Articles of Association updated on 3rd June 2013. Mimbre gained charitable status in July of the 2013/14 year.

Mimbre's charitable objective is the advancement of the arts for the public benefit by promotion in particular, but not exclusively, of the art of drama.

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Management

The Board of Trustees governs the charity, meeting at least four times a year. The trustees delegate daily management of the Company to a management team, currently consisting of two Artistic Directors, Silvia Fratelli and Lina Johansson, and one Executive Director, Lissy Lovett. The company maintains an office at Unit 4, The Energy Centre, Bowling Green Road, London, N1 6AL. In 2021/22 as well as the AGM and three General Meetings the Board also took part in an Away Day, looking closely at Mimbre’s plans for the following five years and its upcoming application to Arts Council England.

Trustee recruitment

Mimbre advertises for new Trustees on a regular basis. Applicants which meet the requirements of the organisation are invited to a Board meeting as observers and then if mutually agreed are inducted into the organisation and officially join the Board. The Trustees have a maximum fixed term of six years and nine months ensuring that the Board is refreshed on a regular basis.

Aramide Ogunlana, Sophia Chiang and Jessica Sims joined the board in March 2022. Clara Eldridge, Matthew Hayday and Rosie Rowlands stood down in March 2022. Sophia Chiang stood down in November 2022.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06550042 (England and Wales)

Registered Charity number 1153310

Registered office

Unit 4, Energy Centre Bowling Green Walk London N1 6AL

Trustees

P Burton-Morgan S Chiang (appointed 17.3.22) K Grewal (resigned 10.11.21) M Hayday (resigned 2.3.22) M J Lovett (resigned 10.11.21) R M Munshi A Ogunlana (appointed 17.3.22) K Petersen J Robertson R A Rowlands (resigned 2.3.22) J M Sims (appointed 17.3.22)

Company Secretary

M J Lovett

Independent Examiner

Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE

Page 15

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 20/12/2022 and signed on its behalf by:

........................................................................ A Ogunlana - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MIMBRE LIMITED

Independent examiner's report to the trustees of Mimbre Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Colin Young BA FCA Institute of Chartered Accountants in England and Wales Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE

Date: 20/12/2022

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MIMBRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
376
Charitable activities
Advancement of the arts
172,501
Other income
4
25,153
Total
198,029
EXPENDITURE ON
Charitable activities
5
Advancement of the arts
189,552
NET INCOME/(EXPENDITURE)
8,478
Transfers between funds
15
(770)
Net movement in funds
7,708
RECONCILIATION OF FUNDS
Total funds brought forward
90,783
TOTAL FUNDS CARRIED FORWARD
**98,491 **		 Restricted
funds
£
220
68,907
-
69,127
72,396
(3,269)
770
(2,499)
8,530
**6,031 **		 2022
Total
funds
£
596
241,408
25,153
267,156
261,948
5,209
-
5,209
99,313
104,522		 2021
Total
funds
£
4,536
174,533
49,108
228,177
215,769
12,408
-
12,408
86,905
99,313

The notes form part of these financial statements

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MIMBRE LIMITED

BALANCE SHEET 31 MARCH 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
-
CURRENT ASSETS
Debtors
12
28,587
Cash at bank and in hand
78,604
107,191
CREDITORS
Amounts falling due within one year
13
(8,700)
NET CURRENT ASSETS
98,491
TOTAL ASSETS LESS CURRENT LIABILITIES
98,491
NET ASSETS
98,491
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
6,031
6,031
-
6,031
6,031
**6,031 **		 2022
Total
funds
£
-
28,587
84,635
113,222
(8,700)
104,522
104,522
104,522
98,491
6,031
104,522		 2021
Total
funds
£
2,572
15,650
95,561
111,211
(14,470)
96,741
99,313
99,313
90,783
8,530
99,313

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 20/12/2022 and were signed on its behalf by:

............................................. A Ogunlana - Trustee

............................................. J Robertson - Trustee

The notes form part of these financial statements

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Mimbre Limited is a limited-by-guarantee company incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the Trustees' Report of these financial statements.

The financial statements are presented in sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then the income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable they will be fulfilled.

No amount is included in the financial statements for volunteer time.

Monies received for performances at venues are recognised in the Statement of Financial Activities at the date of the show. Monies received from furthering the art of drama through providing workshops are recognised on the date that the service is provided.

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance related conditions have been met, it is probable that the income will be received.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

3. INCOME FROM CHARITABLE ACTIVITIES

Activity
Earned income from projects Advancement of the arts
Grants
Advancement of the arts
Grants received, included in the above, are as follows:
Hackney Council Grant
Arts Council England – NPO
Arts Council England – Culture Recovery Fund Round 2
Hackney Giving Community Support Grant
The Leche Trust
The Golsoncott Foundation
National Lottery Community Fund
Localgiving – Magic Little Grant
Kickstart
Barbican Centre
4.
OTHER INCOME
Theatre tax relief
Job retention scheme
Other income		 2022
£
58,887
182,521
241,408
2022
£
9,650
128,087
26,120
3,000
2,000
1,000
6,336
500
5,828
-
182,521
2022
£
23,523
1,487
143
25,153		 2021
£
29,963
144,570
174,533
2021
£
16,053
128,087
-
-
-
-
-
-
-
430
144,570
2021
£
9,671
39,437
-
49,108

Other income includes Government grant income relating to the Coronavirus Job Retention Scheme amounting to £1,487 (2021: £39,437). There were no unfulfilled conditions and other contingencies attached to the grants.

5. CHARITABLE ACTIVITIES COSTS

Advancement of the arts
6.
SUPPORT COSTS
Advancement of the arts
7.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 Direct
Costs
£
259,285		 Support
costs (see
note 6)
£
2,663


2022
£
2,572		 Totals
£
261,948
Governance
Costs
£
2,663
2021
£
2,571

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

8. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' salaries
Trustees' social security
Trustees' pensions paid		 2022
£
23,415
2,418
702
**39,804 **		 2021
£
32,772
3,279
983
37,034

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
647
Charitable activities
Advancement of the arts
162,711
Other income
49,108
Total
212,466
EXPENDITURE ON
Charitable activities
Advancement of the arts
208,588
NET INCOME
3,878
RECONCILIATION OF FUNDS
Total funds brought forward
86,905
TOTAL FUNDS CARRIED FORWARD
90,783		 2022
£
142,782
9,021
3,744
155,195
2022
6
Restricted
funds
£
3,889
11,822
-
15,711
7,181
8,530
-
8,530		 2021
£
139,083
8,260
2,209
149,552
2021
5
Total
funds
£
4,536
174,533
49,108
228,177
215,769
12,408
86,905
99,313

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

11. TANGIBLE FIXED ASSETS

Plant and
machinery
£
COST
At 1 April 2021 and 31 March 2022
10,287
DEPRECIATION
At 1 April 2021
7,715
Charge for year
2,572
At 31 March 2022
10,287
NET BOOK VALUE
At 31 March 2022
-
At 31 March 2021
2,572		 Fixtures
and
fittings
£
1,338
1,338
-
1,338
-
-		 Motor
vehicles
£
1,976
1,976
-
1,976
-
-		 Totals
£
**13,601 **
11,029
2,572
13,603
-
2,572

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
VAT
Prepayments and accrued income		 2022
£
324
25,254
577
2,432
**28,587 **		 2021
£
3,809
10,871
-
970
15,650

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
VAT
Other creditors
Accrued expenses		 2022
£
2,459
3,276
-
-
2,965
8,700		 2021
£
2,094
2,951
1,198
5,432
2,795
14,470

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
15.
MOVEMENT IN FUNDS		 2022
£
**1,832 **		 2021
£
-
MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
£ £ £ £
Unrestricted funds
General fund 90,783 8,478 (770) 98,491
Restricted funds
Youth Programme 8,530 (9,300) 770 -
Look Mum No Hands - **6,031 ** - **6,031 **
8,530 (3,269) 770 **6,031 **
TOTAL FUNDS 99,313 5,209 - 104,522

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Youth Programme
Look Mum No Hands
Culture Recovery Fund Round 2
Kickstart
TOTAL FUNDS		 Incoming
resources
£
198,030
21,295
15,884
26,119
5,828
69,126
**267,157 **		 Resources
Movement
expended
in funds
£
£
(189,552)
8,478
(30,595)
(9,300)
(9,853)
6,031
(26,119)
-
(5,828)
-
(72,395)
(3,269)
(261,948)
5,209

Comparatives for movement in funds

Net
movement At
At 1.4.20 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 86,905 3,878 90,783
Restricted funds
Youth Programme - 8,530 8,530
TOTAL FUNDS 86,905 12,408 99,313

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Youth Programme
TOTAL FUNDS		 Incoming
resources
£
212,466
15,711
228,177		 Resources
Movement
expended
in funds
£
£
(208,588)
3,878
(7,181)
8,530
(215,769)
12,408

Youth Programme - monies given for a youth programme which was run in a housing estate in Hackney. Look Mum No Hands - income from Trusts and Foundations towards a co-production with Daryl & Co, Look Mum, No Hands!

Culture Recovery Fund Round 2 - a grant from Arts Council England towards specific elements of Mimbre and the sector's return to live performance following the Covid-19 pandemic.

Kickstart - a grant awarded to support an entry level role for an unemployed young person.

16. RELATED PARTY DISCLOSURES

Donations from trustees were made during the year totalling £134.

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MIMBRE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Charitable activities
Earned income from projects
Grants
Other income
Theatre tax relief
Job retention scheme
Other income
Total incoming resources
EXPENDITURE
Charitable activities
Trustees' salaries
Trustees' social security
Trustees' pensions paid
Wages
Social security
Pensions
Premises
Insurance
Office costs
Staffing costs
Equipment
Travel costs
Production and performance
Teachers
Space hire
Promotion and advertising
Documentation
Freelance fees
Youth
Exchange gain/loss
Other core costs
Plant and machinery depreciation
Bank interest
Support costs
Governance costs
Bookkeeping
Carried forward		 2022
£
596
58,887
182,521
241,408
23,523
1,487
143
25,153
267,157
23,415
2,418
702
119,367
6,603
3,744
6,022
1,760
1,399
7,340
4,477
11,710
40,690
3,900
11,775
969
500
4,825
219
335
4,322
2,572
221
259,285
663
663		 2021
£
4,536
29,963
144,570
174,533
9,671
39,437
-
49,108
228,177
32,772
3,279
983
106,311
4,981
2,209
3,724
1,864
1,663
2,084
5,131
4,377
22,528
3,375
3,710
407
1,000
7,180
60
345
1,911
2,572
210
212,676
-
-

This page does not form part of the statutory financial statements

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MIMBRE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Governance costs
Brought forward
Accountancy and legal fees
Trustee meeting expenses
Total resources expended
Net income		 2022
£
663
2,000
-
2,663
261,948
5,209		 2021
£
-
3,068
25
3,093
215,769
12,408

This page does not form part of the statutory financial statements

Page 27