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2023-03-31-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 2023

FOR MIMBRE LIMITED

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

Doc ID: 29b815c2a906fbdb92d3d4aa377ffe4d7f8046bf

MIMBRE LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page
Report of the Trustees 1 to 14
Independent Examiner's Report 15
Statement of Financial Activities 16
Balance Sheet 17
Notes to the Financial Statements 18 to 24
Detailed Statement of Financial Activities 25 to 26

Doc ID: 29b815c2a906fbdb92d3d4aa377ffe4d7f8046bf

MIMBRE LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2023

Lifted; Rusalka; Eye Ear You; Look Mum, No Hands!; Mimbre Youth. ok Mum, No Hands!; Mimbre Youth. Image credits: Stephen Fyfe, Clive Barda, Guy Stephens and Tim Gutt, @HeardInLondon, Rachel Hardwick

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 2023. 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).

Summary

April 2022 to March 2023 marked another successful year for Mimbre as we returned strongly from the pandemic with two acclaimed touring productions alongside several exciting collaborative projects, a flourishing youth programme and continued professional development of our strong pool of freelance artists.

Our touring productions were met with incredibly positive responses reaching over 20,000 audiences from a wide range of backgrounds, and we were able to renew our international presence with performances across Europe and the USA. Locally, the community-focused Mimbre Youth Programme continues to grow, providing opportunities for young people to develop their creativity, confidence and teamwork skills through circus, acrobatics and dance. Artistically we kept growing through inspiring collaborations with a wide range of partners in the Creative Industries, including a strong digital strand.

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Looking ahead, we are excited to continue building and exploring new opportunities to inspire and delight audiences across the country. We are committed to our mission of creating accessible, high-quality circus and acrobatic performances that celebrate diversity, challenge expectations and bring people together. Thank you to all our supporters and audiences for another fantastic year.

'I just wanted to say a huge THANK YOU for bringing Lifted to Now Northwich on Saturday. The show was absolutely stunning and the audience were mesmerised! The skill and presence of the performers was incredible and I loved how they were so strong and skilful and yet gentle, soft, caring and engaging. It was tender, poignant and fun too!' - Jane McLean, Creative Director Now Northwich

Highlights of the year include:

We would like to thank our funders and supporters through the course of April 2022 to March 2023: Arts Council England, Charles S French, the National Lottery Community Fund, the Edgar E Lawley Foundation and our generous donors. Mimbre also thanks The Foyle Foundation for funding towards production Look Mum, No Hands! received in April 2022 but now included in the updated comparatives within the financial statements for the year.

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Over the year the organisation's income was £240,571 (2021/2022: £277,157) and total expenditure was £256,231 (2021/2022: £261,948). Mimbre spent some of its reserves on artistic projects, leaving it with £98,862 (2021/2022: £114,522), which is still well in excess of its operational reserve level of £35,000.

During 2022/2023, both Look Mum, No Hands! and Lifted toured successfully in summer 2023, and the success of these productions has been a tremendous boost for the company and its audience. The company is working on a new production, Weight and Lightness (working title) ready for touring in 2024; Mimbre is already hard at work on the production, with rehearsals and creative workshops underway.

LMNH, Mimbre Youth, Lifted Image credits: Wild Rumpus, @HeardinLondon, Juan Vicente

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 nonbinary 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 underrepresented 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.

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

OBJECTIVES AND ACTIVITIES Activities and Achievements Productions and touring

Look Mum, No Hands!:

Look Mum, No Hands! is a tender tale of friendship and growing up. It explores a coming-of-age story about two friends testing their own boundaries. Together they explore freedom, taking risks and independence. They see how those things change, depending on who you are.

Look Mum, No Hands! is a co-prodcution with Disabled-led theatre company Daryl & Co. Drawn from ideas first explored in 2019, in 2022 the production was commissioned by FESTIVAL.ORG and Hat Fair via the Without Walls consortium and toured to libraries, outdoor festivals, and early in 2023, schools. The production was also funded by The Golsoncott Foundation and the Leche Trust in the previous year.

Mimbre learned a lot about making our work more accessible through this co-production. Thanks to the solid support from our funders, we were able to make sure access was included across the production and tour. We were able to employ two extra performers as understudies/roleshares, and create a retainer system for them to be on standby to step in if the main performers were unwell, exhausted or injured. We created an Easy Read introduction and synopsis for our audiences to look at before they attended, to get to know the show, the characters and the story. There is also an audio introduction - and synopsis for our audiences to listen to before they arrive. They can both be found here: https://mimbre.co.uk/look mum-no-hands-easy-read-and-audio-description/

Since working on this with Daryl & Co we will be providing similar resources for all our productions going forward. We also toured with a variety of seating options for audiences with the aim of making the experience of watching the show completely inclusive - without making Disabled audience members sit in a special cordoned off section.

"Where they worked together while being different - it made me cry - very moving [...] "It was such a beautiful, simple work, and Danielle and Laura's care to make a welcoming space, especially for the little kids, was really inspiring. Hopefully see you again over the summer" Dom Kippin at Salisbury International Arts Festival

"I had a great pleasure of seeing 'Look Mum No Hands' (twice) at the Birmingham International Dance Festival on Sunday and I was lucky enough to meet both Laura and Danielle after!

"Firstly, I just wanted to say how blown away I was by them, and by the amazing piece you have devised with them!"

"I run a longstanding charity (founded long before I was born) that that facilities diversity and inclusion amongst children from Birmingham [where we] see young disabled and non-disabled children come together, meet each other for the first time and suss each other out every year. And your production practically encapsulates that journey. [...] Your production exemplifies this so beautifully, hilariously and poignantly, not to mention showing what can be achieved physically together with some trial and error! In short we loved it." Andrew Miles, Birmingham Director of PHAB

You can see a trailer for the production here: https://vimeo.com/760317301

LMNH publicity shot, image credit: Rachel Hardwick

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Lifted:

Mimbre's outdoor production Lifted is a collection of funny, poetic and surprising moments, which explore in different ways what it means when one body is carried by another. Or when one person carries two people. Or when a person doesn't want to be carried. Or when three people find the perfect balance.

In 2022 it toured for the fourth year with performers Jaide Annalise, Freya Stokka and Mimbre Joint Artistic Director Silvia Fratelli.

"The touch and tenderness in Lifted by Mimbre was beautiful. A perfect show to celebrate connection after the last two years" Ivan Wadeson at Now Northwich, 2022

"the best show I've seen in the past few years" - audience member at ParkPerPlex festival

Lifted toured outdoor festivals during the summer of 2022 and in the autumn went on tour to the USA, visiting The Momentary, Bentonville, Arkansas; Discovery Green, Houston, Texas and The Ringling, Sarasota, Florida.

"The performance was incredible. The strength of these three women was mind-boggling. The theme of "Lift", women supporting other women and standing on the shoulders of other women to literally reach the top, still gives me goose bumps. It was remarkable to experience it. Thank you and your staff for bringing them here." - audience member

Lifted on tour. Image credits: Lina Johansson, HeardInLondon, Joe Evans

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MIMBRE LIMITED

FOR THE YEAR ENDED 31 MARCH 2023

REPORT OF THE TRUSTEES

Commissions, consultancy and collaborations

In June, Joint Artistic Director, Lina Johansson, was the circus choreographer on the opera Rusalka at Garsington Opera. The production gathered some excellent reviews such as this from George Hall at The Stage: "His [dir. Jack Furness] approach focuses on the essentials of narrative, character and situation. With the assistance of circus choreographer Lina Johansson and her team of aerialists and acrobats, plus Fleur Darkin's choreography and some extraordinary work from the three mellifluous wood-nymphs - Marlena Devoe, Heather Lowe and Stephanie Wake-Edwards - the audience is transported to a supernatural realm." The production then went on to be part of the Edinburgh International Festival.

Image credits: Clive Barda

In summer 2022, Lina and core performers, Jaide Annalise and Freya Stokka, took part in some filming for an experimental digital short film Flite with Framestore which included the latest technologies within motion capture, CGI, 360 screen and animation.

Image credit: Framestore

In the autumn of 2022 the quirky short film, Eye Ear You, that Mimbre made with designer Shona Heath was published and promoted with posters around Hackney and further afield. The film can be watched here: https://shonaheath.com/eyeearyou/

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Shoot photograph, billboard advert for Eye, Ear You; image credits: Tim Gutt, Lina Johansson

In the autumn, Mimbre's acrobats also worked with digital artists SDNA to create bespoke content for Hackney Town Hall. Both projects were publicly presented as part of Hackney Revealed and projected onto buildings in Hackney central throughout the festival.

Hackney Revealed, image credit: Lina Johansson

In December 2022, Lina, Silvia and acrobat Arielle Lauzon worked with the brilliant young performers of the Circus Project in Hove to create a curtain raiser (a short pre-show show) for FIQ! by Groupe Acrobatique de Tanger at Brighton Dome.

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Image credit: Lina Johansson
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Lina Johansson also worked as movement consultant and mentor for Fools Delight Circus in Oxfordshire, as well as giving a masterclass to the young people from Cirque Du Ciel community circus in Cornwall building up ideas and team cohesion towards their commission by Glastonbury Festival.

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Mimbre Youth Programme

Image credit: HeardInLondon

Mimbre Youth was founded in 2008 and is rooted in the communities of Mimbre's local borough of Hackney. It includes acrobatics and streetdance classes, community days,performance projects and progression 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 and find their own creative expressions, regardless of means or abilities.

"My daughter has no other access to a local and affordable activity which promotes her physical development as well as supporting her in terms of mental health, confidence, friendship forming, etc. The breadth of access to so many forms of performance allows children to find at least one element where they can thrive or get a spark of excitement at possibly excelling when they fall in love with a new skill/discipline."

In 2022 - 2023 we ran weekly classes for three age groups, 5-7, 7-9 and 10-16, during the summer 2022, autumn 2022 and spring 2023 terms. We reached nearly 1,000 attendances from more than 60 local young people, half of whom were from low-income backgrounds. Mimbre Youth is also reflective of Hackney's rich diversity, with 50% of its participants from the global majority.

We were very happy to return to Milton Gardens Community Hall which we had been unable to use during and directly following the Covid-19 pandemic; we have been building up a community on the Milton Garden estate for more than 10 years so it was wonderful to be back there.

In the summer of 2022, we took some Mimbre Youth to see Circus Abyssinia at the Underbelly in Earls Court. This was particularly exciting because Bibi and Bichu who run Circus Abyssinia have taught on the youth programme and previously performed at a Mimbre fun day. Following the visit, five of Circus Abyssinia's artists also came and taught one of the Mimbre youth classes.

It was also significant to be able to take our young people, who come from a rich variety of backgrounds, to see a company led by artist from the global majority.

In November 2022, four of Mimbre's young people attended a week of Black History Month inspired events run by the National Centre of Circus Arts.

Image credit: Lina Johansson

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In January 2023, 67 young people, parents and carers attended the dress rehearsal of Cirque du Soleil's show, Kurios: Cabinet of Curiosities, at the Royal Albert Hall.

"Last night was a fantastic opportunity for me and A, never would we be able to go and see such a show. I don't have words to thank and show my real gratitude for your attention." Parent 2023

At the end of the spring term, we asked the youth programme families some questions about their motivations for being part of the classes and the answers were interesting - 'fun' was top for both groups. We think that before the Covid-19 pandemic fewer parents would have cited this as being important to them, but young people really need something fun right now.

"There is no other class that delivers what Mimbre does that are affordable for all."

Mimbre Youth Programme was funded by the National Lottery Community Fund, the Charles S French Charitable Trust, the Edgar E Lawley Foundation and many kind donations, especially £1,689 raised through a crowdfunding campaign.

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

OBJECTIVES AND ACTIVITIES Artist and Sector Development Artist support

In January 2023 we ran another 'Acrolab' week at 101 Outdoor Arts in Newbury following our successful residencies there in 2020 and 2021. The Acrolab was a week-long residency with women and non-binary acrobatic performers, with the aim of developing the practice of acrobalance and group acrobatics in terms of access, inclusion and excellence. This time we split up the week so the beginning focused on access, inclusion and creative approaches to teaching and devising with acrobatics skills, and the end of the week was focused on high-level techniques and stretching skill levels. We ran an open call with 101 to support people from groups under-represented in circus and the arts to attend the residency. Initially we had earmarked three places for this, but in response to a high demand (16 people applied) we extended this to six places. All in all 39 performers attended the Acrolab! We created some resources for the week including a Code of Conduct and an outline of our Inclusive and Supportive Approach in the Training Space which were warmly received by our participants and we then shared with the rest of the sector on our website. https://mimbre.co.uk/our-approach-to-resources-from-ouracrolab-2023/

Image credit: Holly Bobbins

Videos about the week can be seen here: https://www.youtube.com/watch?v=cQ-mrebrDkM https://www.youtube.com/watch?v=QFqpr1MWXcg

We also ran a week of classes for professional performers at north-east London venue Tripspace and organised a pain management workshop with physiotherapist Bethany Shum.

Sector support

The Mimbre team continued to take part in a wide number of meetings and initiatives throughout the sectors we work in.

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Organisational

During the course of 2022 Mimbre applied for and was accepted into Arts Council England's National Portfolio. Being an NPO secures core funding for Mimbre through to March 2026.

Lina used the Mimbre van to help RUDE Everyday Sunshine Cafe and a group of volunteers to collect 1213 kg of food for The Hackney Foodbank at Christmas 2022.

In early 2023 Mimbre applied for and was granted a visa sponsorship licence for the temporary Creative Worker route. This means the organisation can continue to employ non-UK performers following Brexit.

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.

From April 2022 to March 2023, the Mimbre staff team was made up of Silvia Fratelli, Lina Johansson, Lissy Lovett, Zsófi Szendrei and Anna Strickland, but in autumn 2023 both Zsófi and Anna left the company. New Communication and Administration Officer Brilla Sesay joined in September 2023. Freelance bookkeeper Sharon Mitcheson also stepped down during the year. Circus Artist Emma Saunders joined the Mimbre Youth team for a few terms as youth programme assistant. Previous Kickstart Trainee Tyaine Wright-Shirley has remained on the payroll as she assists on the youth programme from time to time.

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.

Mimbre's Acrolab, image credit: Holly Bobbins

FINANCIAL REVIEW Financial position

In 2022/23 Mimbre's income was £240,571 (2021/2022: £277,157) and expenditure £256,231 (2021/2022: £261,948) giving rise to a planned deficit of £15,660.

We note that Mimbre's updated comparatives in the financial statements have been restated. That is because funding from The Foyle Foundation, received in April 2023, should have been included in the accounts for 2021/2022 but was not. This has now been rectified.

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FOR THE YEAR ENDED 31 MARCH 2023

MIMBRE LIMITED

REPORT OF THE TRUSTEES

OBJECTIVES AND ACTIVITIES

FINANCIAL REVIEW Income

Art Council England:

Mimbre is proud to be a National Portfolio Organisation and will remain so until March 2026. Mimbre's funding from Arts Council England this year was £128,087 (2021/2022: £128,087).

Trusts and foundations:

Mimbre received £9,900 from the Naitonal Lottery Community Fund, £2,500 from the Charles S French Charitable Trust and £1,500 from the Edgar E Lawley Foundation towards its youth programme. In 2021/2022 but not included in last year's published accounts Mimbre received £10,000 from The Foyle Foundation towards the Look Mum, No Hands! production.

Earned income

Mimbre's earned income during this period was £88,614 (2021/2022: £58,887). This income comes from fees for shows, services, commissions and youth fees from those parents that can afford it.

Donations

Mimbre received £2,832 in donations. (2021/2022: £596)

Expenditure

Mimbre's overall expenditure during 2022/2023 was £256,231 (2021/2022: £261,948). 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 2022/2023 are £98,862 (2021/2022 £114,522). This includes an operational reserve of £35,000 (2021/2022: £32,000), reserves restricted for Mimbre Youth of £4,025 (2021/2022: £0) and £59,837 (2021/2022: £82,552) of additional unrestricted reserves earmarked by the board to be put towards a new van (£15,200) and spent on the creation of artistic work (£44,637).

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.

Alice Wordsworth joined the board in May 2023. Poppy Burton-Morgan stood down in January 2023 and Karen Petersen in July 2023.

Lifted at The Ringling, image credit: Holly Victoria

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MIMBRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 (resigned 6.1.23) S Chiang (resigned 9.11.22) R M Munshi A Ogunlana K Petersen (resigned 20.7.23) J Robertson J M Sims A Wordsworth (appointed 3.5.23)

Company Secretary

M J Lovett

Independent Examiner

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

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

12 / 01 / 2023

01/12/2023

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

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

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MIMBRE LIMITED Independent 8xzminerfs report to the trustees of Mimbre LlrnSted I'the Compan￿) I report to the charity Irust8es on my exarn1na￿n ol the w￿nIS ol the Cithpany lor the year ernled 31 March 2023. Responsibilities and basis of report As the charivs Iruslees of the Cornpany larKY also its d¥ecth for the purrK6es ol company lawl you a￿ wwnsible for the preparation ofthe &¢ounls in 8wc*dan¢e the requIr￿nts of the Conwnies Act 20￿1't￿￿ 2006 Acl'l. Having satisfied rnyselfthal the accounts ol lh8 Company are rKFt requir￿$ to be audited uneer Part 16 of the 2006 A¢1 and are eligible for independent examinath)n. l ￿[K)rt in respecl of my examinat￿￿ of yOLtr ¢harity's accounts as carried out under Secton 145 of the Charilies Act 2011 I'lhe 2011 Acl'l. In carrying out rny examination I have followed the Direct￿￿$ given by the Charity Commission utmjer s￿IK)n 145151 {bl of Ihe 2011 Aci. Independent examinerfs ststement I have completed my exarninalion. I confim) that no matter5 have CON￿ lo my attent￿ in conne(Xion with the exarnination giving rne caus8 to b81i8V8'. accwnbng ￿cOrdS were not kept in respect ol the Company as fequited by SedK)n 386 of the 20[￿ Act., or the aCC￿nts do not accord wlh those ￿cOrds." or the accounts do not Comp￿ wlh the attounlvig requirements of Sectitin 396 or the 2(K)6 Act other than any requ1￿ment Ihal the accounts gwe a trtÈ arNJ lair wew whKh is not a mattercon5idered a5 part of an independent exarninalion", or the accounts have been tKepared in acc(xdance with the meth(xls and principles of the Statement of Re￿Mfflended Pracli¢e ftr accounting and rep(KtiTrJ by charities (ap￿1&￿ble to tharIt￿S preparing their accounts in accordance wilh the Finanoal Rewiiting Stsrmlard appliixU8 in lh8 UK and Rep￿liC of Irelar)d IFRS 10211. I have Th) concems and have Come across no dher matters in conneclN)n with the examination to which attention shtyjld be drawn in this ￿1X)rt in order lo ena￿e a proper undet5tanding ol the account5 to be reached. Coh'n Young BA FCA Galloways Accounts'ng Atlas Chambers 33 Wesl Street Brighton East SLLssex BN12RE Date.. Page 15 ID". 29b815c2a906fbdb92d3d4aa377ffe4d7f8046bf

MIMBRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
165
Charitable activities
3
Advancement of the arts
209,554
Other income
4
7,138
Total
216,857
EXPENDITURE ON
Charitable activities
5
Advancement of the arts
217,137
NET INCOME/(EXPENDITURE)
(280)
Transfers between funds
16
(3,374)
Net movement in funds
(3,654)
RECONCILIATION OF FUNDS
Total funds brought forward
98,491
TOTAL FUNDS CARRIED FORWARD
94,837		 Restricted
funds
£
2,667
21,047
-
23,714
39,094
(15,380)
3,374
(12,006)
16,031
4,025		 2023
Total
funds
as
£
2,832
230,601
7,138
240,571
256,231
(15,660)
-
(15,660)
114,522
98,862		 2022
Total
funds
restated
£
596
251,408
25,153
277,157
261,948
15,209
-
15,209
99,313
114,522

The notes form part of these financial statements

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MIMBRE LIMITED

BALANCE SHEET 31 MARCH 2023

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
12
1,371
CURRENT ASSETS
Debtors
13
12,632
Cash at bank and in hand
88,916
101,548
CREDITORS
Amounts falling due within one year
14
(8,082)
NET CURRENT ASSETS
93,466
TOTAL ASSETS LESS CURRENT LIABILITIES
94,837
NET ASSETS
94,837
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
4,025
4,025
-
4,025
4,025
4,025		 2023
Total
funds
as
£
1,371
12,632
92,941
105,573
(8,082)
97,491
98,862
98,862
94,837
4,025
98,862		 2022
Total
funds
restated
£
-
38,587
84,635
123,222
(8,700)
114,522
114,522
114,522
98,491
16,031
114,522

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

12 / 01 / 2023 01/12/2023

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 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 2023

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.

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

3. INCOME FROM CHARITABLE ACTIVITIES

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:
Hackey 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
The Charles S French Charitable Trust
The Edgar E Lawley Foundation
The Foyle Foundation
OTHER INCOME
Theatre tax relief
Job retention scheme
Other income		 2023
a
£
88,614
141,987
230,601
2023
a
£
-
128,087
-
-
-
-
9,900
-
-
2,500
1,500
-
141,987
2023
a
£
6,587
-
551
7,138		 2022
s restated
£
58,887
192,521
251,408
2022
s restated
£
9,650
128,087
26,120
3,000
2,000
1,000
6,336
500
5,828
-
-
10,000
192,521
2022
s restated
£
23,523
1,487
143
25,153
s

Grants received, included in the above, are as follows:

4. OTHER INCOME

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

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

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
8.
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Trustees' social security
Trustees' pensions paid		 Direct
Costs
£
249,999		 Support
costs (see
note 6)
Totals
£
£
6,232
256,231
Governance
costs
£
6,232
2023
2022
as restated
£
£
29
2,572
2023
2022
as restated
£
£
-
23,415
-
2,418
-
702
-
26,535

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

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		 2023
a
£
145,295
9,069
4,300
158,664
2023
a
6		 s
 2022
restated
£
142,782
9,021
3,744
155,547
2022
restated
6
s

The average monthly number of employees during the year was as follows:

No employees received emoluments in excess of £60,000.

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
376
Charitable activities
Advancement of the arts
172,501
Other income
25,153
Total
198,030
EXPENDITURE ON
Charitable activities
Advancement of the arts
189,552
NET INCOME
8,478
Transfers between funds
(770)
Net movement in funds
7,708
RECONCILIATION OF FUNDS
Total funds brought forward
90,783
TOTAL FUNDS CARRIED FORWARD
98,491		 Restricted
funds
as
£
220
78,907
-
79,127
72,396
6,731
770
7,501
8,530
16,031		 Total
funds
restated
£
596
251,408
25,153
277,157
261,948
15,209
-
15,209
99,313
114,522

11. PRIOR YEAR ADJUSTMENT

The prior year restatement relates to additional income being accrued of £10,000 that related to the year ended 31 March 2022.

12. TANGIBLE FIXED ASSETS

Plant and
machinery
£
COST
At 1 April 2022
10,287
Additions
-
Disposals
-
At 31 March 2023
10,287
DEPRECIATION
At 1 April 2022
10,287
Charge for year
-
Eliminated on disposal
-
At 31 March 2023
10,287
NET BOOK VALUE
At 31 March 2023
-
At 31 March 2022
-		 Fixtures
and
fittings
£
1,338
-
(1,338)
-
1,338
-
(1,338)
-
-
-		 Motor
Computer
vehicles
equipment
£
£
1,976
-
-
1,400
(1,976)
-
-
1,400
1,976
-
-
29
(1,976)
-
-
29
-
1,371
-
-		 Totals
£
13,601
1,400
(3,314)
11,687
13,601
29
(3,314)
10,316
1,371
-

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. TANGIBLE FIXED ASSETS - continued

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.

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
VAT
Prepayments and accrued income		 2023
as
£
1,546
7,908
2,058
1,120
12,632		 2022
restated
£
324
25,254
577
12,432
38,587

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accrued expenses		 2023
2022
as restated
£
£
879
2,459
3,331
3,276
902
-
2,970
2,965
8,082
8,700		 2023
2022
as restated
£
£
879
2,459
3,331
3,276
902
-
2,970
2,965
8,082
8,700
8,700

15. LEASING AGREEMENTS

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

Within one year 2023
2022
as restated
£
£
1,851
1,832

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Youth Programme
Look Mum No Hands
TOTAL FUNDS		 At 1.4.22
£
98,491
-
16,031
16,031
114,522		 Net
movement
in funds
£
(280)
4,025
(19,405)
(15,380)
(15,660)		 Transfers
between
funds
£
(3,374)
-
3,374
3,374
-		 At
31.3.23
£
94,837
4,025
-
4,025
98,862

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

16. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Youth Programme
Look Mum No Hands
TOTAL FUNDS		 Incoming
resources
£
216,857
23,714
-
23,714
240,571		 Resources
Movement
expended
in funds
£
£
(217,137)
(280)
(19,689)
4,025
(19,405)
(19,405)
(39,094)
(15,380)
(256,231)
(15,660)		 Resources
Movement
expended
in funds
£
£
(217,137)
(280)
(19,689)
4,025
(19,405)
(19,405)
(39,094)
(15,380)
(256,231)
(15,660)
(15,380)
(15,660)

Comparatives for 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 - 16,031 - 16,031
8,530 6,731 770 16,031
TOTAL FUNDS 99,313 15,209 - 114,522

Comparative 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
£
198,031
21,295
25,884
26,119
5,828
79,126
277,157		 Resources
Movement
expended
in funds
£
£
(189,553)
8,478
(30,595)
(9,300)
(9,853)
16,031
(26,119)
-
(5,828)
-
(72,395)
6,731
(261,948)
15,209		 Resources
Movement
expended
in funds
£
£
(189,553)
8,478
(30,595)
(9,300)
(9,853)
16,031
(26,119)
-
(5,828)
-
(72,395)
6,731
(261,948)
15,209
6,731
15,209

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!

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MIMBRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

17. RELATED PARTY DISCLOSURES

Donations from trustees were made during the year totalling £Nil (2022: £134).

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Doc ID: 29b815c2a906fbdb92d3d4aa377ffe4d7f8046bf

MIMBRE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

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
Sundries
Staffing costs
Equipment
Travel costs
Production and performance
Teachers
Space hire
Promotion and advertising
Documentation
Freelance fees
Youth
Training
Exchange gain/loss
Other core costs
Plant and machinery depreciation
Computer equipment
Bank interest		 2023
a
£
2,832
88,614
141,987
230,601
6,587
-
551
7,138
240,571
-
-
-
145,295
9,069
4,300
5,602
1,781
1,232
157
3,952
5,348
18,463
37,629
3,111
5,008
690
1,025
3,106
310
50
(340)
3,985
-
29
197
249,999		 2022
s restated
£
596
58,887
192,521
251,408
23,523
1,487
143
25,153
277,157
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

Support costs

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 2023

Support costs
Governance costs
Bookkeeping
Accountancy and legal fees
Total resources expended
Net (expenditure)/income		 2023
a
£
481
5,751
6,232
256,231
(15,660)		 2022
s restated
£
663
2,000
2,663
261,948
15,209

This page does not form part of the statutory financial statements

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