F> JotfornisiGN Document ID: 250222139207042 REGisfERED COMPANY NUMBER.. 1983W (ENGLIIND AND WALES) REGISTERED CHARITY IYUMBEIL. 1092029 REPORT OF THE TRUSTEES AND UNAUDITED FtNANCJAL sfATEMEr FOR THE YEAR ENDED 31ST NfARCH 2D24 FOR MIIL4CLE THEATRE TRUST LIMETED totYtqD IIIACLE THEATRE TC Group The Old Carriage Works Moresk Road TRURO Cornwall TRI IDG J0tF0rn)￿GN Do¢ument ID: 250222139207042 MTRACLE THEATRE TRUST LIMITED NTF.WtS OF THF. FtNAli FOR THE YEAR ENDED 31 AR H 2024 R¢port of th¢ TTllSttts Ito6 Inde•t EX￿nInet8 Report Stthmeot of Financial Adivities Balance Shttt 9 •ttd 10 Notes to the Financial Stat¢mettts Ilto21 Detsiled Staiemeni of Financial Adivities 22 gnd 23 JotfmSlGN D(ur(￿ntIo. 250222139207042 ACLE THEATRE TRUST LIMITED THE TR ES FOR THE YEAR EliDED31sf MARCH 2024 The trust¢es who are a]80 dir¢¢tors ofthe ¢harity for th¢ puw of the Companies Act 2006. present their rep)rt with the financial staiements of the charity for the year ended 31 March 2024. The trustees have adopied the proYision5 of Accounting and Reporting by Cbarities: Statement of Rtton)mended Practice applicable to charities preparing their accounts in accordance with the Financial Rtporting StaDdard applicable in the UK and Republic of Ireland (FRS 102) (eff￿lIve l January 2019). Reglstered Company number 1983586 (ED8lalld atml Wal￿} Reglstered Charley Jumber 1092029 Reeistered O￿lee Unit 4 Trel¢i8h Industrial E5ta¢¢ Jon D#vey Drive REDRL￿H TR164DE Trtsytees Ms A Berry P R Williams J M Carley A M Ethnonds MIS EKay MTS J E Sutherland K Harandy S Ferrie C Morse Resigned 30108r2023 Resign¢d 30108r2023 CompaDy Sttretary W Scott Bankers HSBC Independent exsminer James Pearce FCA TC Group The Old Carriage Work5 Moresk Road TRURO Cornwall TRI IDG JotfornisiGN Llocumnl ID.. 250222139207042 IRACLE THEATRE TRUST LIMITED REPORT OF THE TRUSTF.F.S FOR THE YEAR ENDED 31ST MARCH 2024 sn￿ 1979, Mirade has toured smallryscale theatre prodLKtions to rural communttles arKI reglonal spa￿. primar5￿ auoss South-west ErolarKJ. I>￿ more than four decades. the organiSa￿1n h35 enjoyed steady groY4th and derfelopmenL eamlr¥J a reputsth)n for Ngh*uallty ptrfomlan￿ and communlty en9agement. In 2023, Mirade was avmrded a £541,016 grant from UK Cthernmenys Slwred Prnsperity Fund to support the Mlrade Max projett beiween 2023-25. The p￿ject launctred successfulty dUrf￿ 2023 and has made strong progress across all strands- Mirade Lab, Mirade Gimp. Communty Collab)rators & Commissions. The Mirade Lab aThl Commlsslons Initiatives both starttsj In May 2023, demonstrating earty ￿c￿5. The recruibment process over the year has enabled the fomiation of an outstanthTrJ team to drive the SPF p￿je* with signiftsnt progress noted In key area5: Mirade lab arKI Mlrade Camp. Artisti 24 l. Mirnde Lab- CoMn7￿￿dmaY2023 2. The Great Monkey Puzzle Expedition - Thé Gre3tEsiate FeAWa4 June 2023 3. Writers Resldency - July 2023 4. Mlracle Camp for Artors - OttoL*r2023 5. Falmouth International Arts Festlval - October2023 The Real Father Chrlstmas - L￿rn￿2025 & Young Thshers Podcast - Lkn¥ber2023- hi1￿1£￿r2024 7. Hell's Bells Produrtion and Tour- January-Apn12024 & Mlrade Youth Theatre - FebnMry- May2023 9. Qulzzards Comedy Pub Qulz- ￿- Maro? 2023 L Mirncle Lab The Mirade tsb Initiati￿ began In May 2023 with an artist consultatton [rNo￿lng 15 awaate arbsts. This process led to the f0m￿tiOn of a Mirack Lab Artistic Working Groupi consistlng of four artlsts seieLted for leadership develowient under the mentorship of Artlstlc Dlre(lor Bill ScotL A tsvtrday Mirdde Lab Res￿￿KY In N¢)vember 2023 brwht together 25 assodate artlsts for professional developmert. Actlvitses Induded the 5ysterns Games Workshoprt whlch expbred how artists can address dlmate eff*rgenoes throLKJh their wor The deveknprn￿t process for first Mirade Lab p￿Il￿tIon, Hdl's Bells, stsrted In knember and continued Into January when the stK)W VMt Ints) rehearsals. Z The Great Monkey Puzzle Expedltlon During the finafisation of the SPF Busirtss Case and Furrfing Agreement, Mirade compknd its first Mirade Max Commlssloni produclng 7T￿ G￿t￿OnkeY PuzzÈ Exped￿L)n for 11￿ GreatEstste Fe5tiio/ln JurE 2023. Th15 ImmersSve treasu￿ hunL Inspired by the hlstory of Scorw Fk)use, offered profess￿nal development opportunibes for writer Chark)tte Merriam arKI director Dan RKhards, mentored by Artistic Dirertor Bill kntL The Ploject (yeated: Empbyment for 5 artlsts A work pla￿rnent for a FalrTrJuth Unlversity sbJdent 9 volurteer 01)wtsintties All 13 perfOrn￿n￿ 9)kl ou¢ attTading over 9CQ attendees. 3. Wrfters Resldency The Writers Residencyi held at EcoPark In Porthtowan, brought tryether three local writers thosen to adapt texts for the siage. Guided by experienced collaborator4 resKknLy enabled partldpants to: Workshop scripts with d1￿ctOrS and actors Gain feedback from performers, directors. a￿1 memte This wogram resulted in one vniter beiThJ com￿¥s$l0ned for Mirade's 2024 pr(KluLtton. Jotforn7￿GN DocuNEnl ID: 250222139207042 ACLE THEATRE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31￿ MARCH 2024 CowJL 4. Mirade Camp for Actors Ihe first Miracle Camp for Adors was Treld In October 2023, erKJaglThJ 16 Cornlsh actors and 4 Mirade assodates over three days. This Initiatwe estsblished a new network of eM￿gir¥) perforners are now collaLx)rating to create professional oppothnities. Two of the emerglro ￿￿)rn￿rS were company ac￿ for the 2024 summer prcxlurtton. A follow-up MinlW there: we athlerfed excellent aLKIie￿eS numbers In all tr*se towns as a resuL nd Mana ment A small, experierttd team manages Mirade wfth shared passion. dedic3tlon aNI a fiexible attIt￿le. This makes the company ￿$111￿￿ and reliable and one which conttnues to punth aiM)ve Its welght. It conststenthrf delive agalnst ts business plan, often exceedir¥J expectsti)n, and yet is able to quickly re5poTrJ to charKJe and opportunty. Mirade Is led by a passloTr4te and derfTrted t&im that combltEs ImJ4anding experti* with a dynamlc approach to managing growth and opwrtunity. Tr crJE managerr*nt team indudes: Blll s￿t( Founder and Artlti Dlrector (estsbushed 1979), has written, adapted, and dlrected over 50 PrOd￿tIOnS for the company. Annle Ukjeja, Managing Director Uolned 1999), wf¥) Ikis produced than 34 tourlrwj wodLJCtlons and has been Instrwental In Mlr*'s d&￿lopmenL With SPF funding secured, Mlrn& has been abje to exparKI Its team In order to deliver the proJe¢ ￿ea￿ng 3.6 FfE fvbs a(TOSS six new as part of the SPF woJ# ￿hanC)r¥J both its admintstratlve artlstic opa(ity: Marketlng & Engagement Manager (OA FfE) - on outreach, aUdEn￿ de4elopmenL and engagement strategies to ￿and Mir&le's impacL Marketing and Event Coordlnator co￿ FfE) - Supwrt5 e￿It plannlng. prornotlonal actfvltles, and publK erwjagement for pr￿dUctIOnS arKI projects. Operatlons Manager (l FfE) - Ensures effident day.ttrty Op￿ations, re￿rce alkntK)n, arKI project delivery. Assoclate Dlrector- Mirnde lab (OA FTE) - Lead5 the Mirath Lab InlUatNp. fosterlng Innovation and professional development asxKk3te artists. Assodate Dlrector- Youth & Community (0.2 FfE) - Develcys YOUt￿ft)cu5ed aThl community- based Initlatives and grassrtots eNJagement programffEs. Technlcal Productlon Mana9er (0.4 FtE) - Oversee5 the ttthnical aspeLts of produttiors, ensurlng seamless delivery of high*ualty glows arKI event& E> JotfmsiGN Document ID: 250222139207042 MtRACLE THEATRE TR REPORT OF THF. TRUSTE FOR THE YEAR ENDED 31sr MARCH 2024 cO￿t Thls expanded team erkibles Mirath to cor&stentty dellver agaln5t its business plan, exceed expertatims, and respond swiftty to new opportun6tles, er6uring Its contirx*d resilience and Impxt. Thls management and admlntstratlon team supp)rts a WKler team of freelarKers (artists, stsge managemenL tethnlcal productton) who (Dme together to CTeate each prcxludkn. Mirade offered a record of 28 freelancer a)ntracts for artists In 23124. Mlrade Theatre Trust has a subsidiary company. Mirade Th&itre Pr(KILLtMyis. in whkh It ￿]dS all the shares. Board of Trustees Mirade Theatre has a strong Board of engajed Tnjstees, wth a wide (mss Sect￿￿ of artist14 cultural, commeroal aNI finanaal expe1kn￿. led by an e￿PtIonalty proactive and exrwlenced Chalr. Mandy Beny. Durirwj 2023, one Trustee, Chrls m￿se. reslgned due to work (x)mmil]nents. The fult Board meets 4 tlmes per year a￿1 in addition has or£ Away Day to consider in depth Parti￿rar tOPiC5 or i55ue& A pwrnonent finarKe gjbcommiith al￿ meets quarterly. with al-hoc worklng groups as needed. Mirade Business Pbn. Arts Council & Comwall Coundl furKlirrfJ agreements are supwrted and uphekl by the IJust￿. There is a Trustee att￿￿1 to each Ats C￿n01 In¥E5thent PrirKip5e as Miracle mve5 Into the r NPO fundlrvj agreement. Flnance & Fundrnlsl SPF grdnt funding awarded to Mirade for contrlbutlon to Comwall CourKifs Good (knwth P￿n5 and the levelllng UP 9)vernment agenda came at JLLSt the rlght time after a finanaally thalkngiNJ year in 22-23. This grant has safeguarded Mirath for the future at a time that It can grow ènd extend its posltlve contrtbutlon to strewthening communities across Comwall and the Isles of Scllty. Delivery of the Miracle Max project has utlllsed the majority of Mirncle's tlme durlry 23-24 and the project fundlry structure Induded matth-fundir4J from a proportion of Arts Council NPO fundirvji earrEd Income aNI volunteer hours In￿rKI. It did rKJt r* on rnatch-fundlThJ from ary 0￿r grant funthalslng. Arts Council NPO & Cornwall Coundl 2023 was the first year of a new NPO agreement frcffi Arts Coundl Ewlarxl arKI also the start of rew Investment from Cornwall Counal's (2023-26). Earned Income from Box Offlce Eamed [r￿Orne from touring production has reArned In 2024 with the smalFscale tour of Hell's Bells to 30 Enues In Cornwall and across the South West, Induding Devon and Dorset. While thls tour wa5 eXtre￿*1Y well attend￿, with 21 of 35 perforrnantrs sold ou¢ wtth our commitrnent to affordable ticket prices (all ti(*ets £15 and under), it proved thi5 tyFe of tourfrwJ Is not wabk w1￿Ul additK)nal fvnding or 5ub5kgy. The Trustees policy has been to bulkl free reserves up to a mlnlmwn of f￿]r ny)ntr6 d core runnitvj costs - £34,971 at 31 Marth 2024. The rese￿e5 wjlicy also outlines a desi￿ to retsin a fund for Artist f*s ba*d on 3 weew freelan￿ pay for 8 people £15,600 (23124 rates) - making the ctsmbined reserrfes taryet £50,571. At 31 Marth 2024 the balan￿ shows unre5tr1Lted reseNes (￿t current assets) of £55,388. The Trustees p￿p￿ the full restr4Es tsrget wlll be achle￿ try Marth 2025. P*JotfcrmstGN Oocumenl ID.. 250222139207042 IRACLE THEATRE TRUST LIMITED EP RT FTHETR TEE FOR THE YEAR ENDED 31ST MARCH 2024 ConL The ojrrent balan￿ slEet also strthys £75,673 In rethttted funds. The* funts are part of the Shared Prosperlty Funded project Mirade Max. whlol Is being delivered unbl March 2025. Thls flgure ￿flects grant fur￿ pakl In advarK2 whith have not yet b*n spert in 23-24 and will be carried foNard to support the projert expenditure in 2+25. OAY BEHALF OF THE BOARD: Ms A B¢ry-Chair Tn￿tee Date: 2310112025 JotfornisiGN . Do¢ument ID.. 250222139207042 END INF.R'S REPORT TO THF. EATRE TRUST LihirrE flRAC I report to the Irustees on my ¢x4miDation of the finan¢iJl stalements MiTacle Theatre Trwt (the charity) for the year endcd 311t March 21n4. Re5PODslblll¢le5 and basls Dcreport A$ the tru5t¢es of the ¢barity (￿ *]so its dir¢¢tors for the pUry￿e$ of company law) you are Tespomiljle for the preparntion ofthe financial stst¢menrs in accordarKe with ro4uirements ofthe Companies Act 2006 (the 2006 Act). Havtng satisft¢d myself that the fmancial statements of the charity are not Tequired to k audited under Part 16 of the 2￿0 Act •nd ore eligible for i*endent exattLinatiOQ I rep)rt in respect of DYY examinaiion of the cbarity's f￿￿￿¢]￿1 stslements ¢arriedout ullder s¢¢tion 145 of the Clwities Aa 2011 (the 2011 Aci). In canying outmy exarnination I hav¢ followed all the appli¢abk Directions given by the Cl)arity ComJnis5iOn u[￿¢r scction 145(51(b) of the 2011 Aci. Indepettdettt tmlDeVs ststement I have complded my examination. I confm that no matters ha￿ Come W D)y attention ID CODoectioti with the examina¢ioll giving Tn¢ cause to Ixli¢ve that in any matrrlal respect. ccountiiig records were noi kept in respect ofthe clwlty 4$ requirtd by 8e¢tion 386 of the 2006 Act: or the fina￿la1 statements do nol accord with those records. or the financial statements do not comply with ihe accounting requirements of section 396 of tht 2006 A¢t other than any tequiTement that the a¢¢ounts give # true and fair view which is not a matter conSide￿d as part of an It￿ependent examination; or the flnancial statements have noi prepared in ac￿rd￿}ceWith themethodsandprincipks of the Ststement of Recommended Practice for accounting reportin8 by ¢harities applicable to charities preparing their accowits in &C￿rdance with ihe Financial Reporting StthTthrd appli¢•ble in the UK ond Republic of Ireland (FRS 102). I have no concerns arvj have wme across no other m8lttrs in conne￿10n with the cxamination to which attention should be drawn in this report in order to enable a pmperunderstaTNJing of the fmarKial statements to be reacbed. James Pear¢e FCA TC Group The Old Carriage Works Mor¢5k Road TRURO CoM￿ll TRI IDG Date.. L% JotfornisiGN Document ID". 250222139207042 LE THEATRE TRUST rATE FINANCIAT. AcrtvmES FOR THE YEAR ENDED 3]￿ MARCH 2024 2024 Totsl 2023 Total fund$ un[e￿rie1ed funds Restricted funds Notes INCOME AND ENDOWMENI3 FROM Dona¢ions and legacies Other trading activities Inv¢sth)ents Charltable aetlvltles Productions Other th¢ome Job retention scheme8f8Dts 113.651 5.149 271,71kS 385J57 5,149 109.188 4.667 54.856 54.856 I28￿65 Tot￿ loeome and endowments 173.656 271.71KS 445.362 300.720 E￿ENDITuRE ON Raising ￿ndS Charltable a¢d*ltles Productions 720 45.898 46.618 7.198 143.694 150.135 293.829 370.029 Total expendltur¢ 144.414 196.033 340.447 377227 NET INCOMEJEXPENDITURE 29242 75.673 104.915 (76J07) Transf¢rs between funds Net movemenl its fu4ds 29242 75.673 104.915 (769)7) RECONCILIATION OF FUNDS TO1￿ fund3 brough¢ fornard 17 39260 39260 115.767 TOTAL FUNDS CARRIED FORWARD Th¢ notes (￿n part of these financial statements BJotfmsTGN Document ID: 250222139207042 ACLE THEATRE TRUST AN HE AT 31ST MARCH 2024 2024 Total 2023 Total Unrestri¢t¢d Funds Restricted Notes FIXED ASSETS Tangible assets Inv¢stsn¢nts 12 13 13.112 13.112 13,088 13.113 13,113 13.089 Debtors 14 1Th1.565 12 100.565 85.948 931 88J05 75,673 163.978 76.879 CREDITORS Amowits falling due within w¢ y￿r Is (32.916) (32.916) (60.708) NET CURRENf ASSETS 55.389 75,673 131.062 26.171 TOTAL ASSETS LESS CURRENT LIABILITIES 68502 75,673 144.174 39260 NET Assrrs 2024 2023 17 Unrestrlcted funds: G¢nerdl fund Designated fund 68.502 39260 68,51n 39260 RestA¢ted funds 75.673 NET ASSETS The notes form Part ofthese fU￿la] swements Jotfcrni%GN Document10: 250222139207042 MTRACLE THEATRE TRUST LIMITED BALANCE SHEET- CO AT 31ST MARCH 2024 The ¢harttable Cornpothy is eolided lo ex¢mptKJn ftom alldit llnder Section 477 of th¢ Comp¥tii¢s A¢t 2006 for the period ended 3 1st March 2024. The members have not dep5ited a Tr)tic¢. pursuant to &rtion 476 of the Companie5 Act 2006 requiring on audit of these rlnancirdl statements. The trusttts acknowkdge their TesponsThi ilities for. ensuring that the charitable cornpjny keeps aeeouniing records thai compty with Sections 386 and 387 of the Companies Act 2006,. and Preparing financial statements whi¢h giv¢ • true and fairview of the st¥¢ of Affairs of the chaTitabk ¢omp8ny as at the end of each financial y¢ar aThl of it5 5urphts or def￿1t for urh fm4neial year in accordancc with the requirements of Sedits￿ 394 4ThJ 395 and which otherwise ¢ompty with the requirements of the Companies Act 2006 r¢141in8 to finaneial ststements. so far a5 applicable to the clwitable c4Jmpany These ruw￿1#1 have been pryred in e£cordan¢e witb the special provisk)ns ofpart 15 of the Companies Act 2006 relating to small elthrit8bie compantes. 2310112025 Tr rth*￿ill statements were approved ty the Board ofTrtstees on ..................... and were sigDed on its bthlf by: Ms A Berry-chair Trustee The notes fornip#rt of thts¢ financial statements 10 Jotftsrms￿N Document10: 250222139207042 MtRACI.E THEA ST LIMITF.D S TO THF. ANCTA ATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICI&S Blsls of prep2rlDg the financ1￿ stAtements Th¢ financtal statements of th¢ charithble company. whi¢h is a public bertfit entity uThler FRS 102. have been prepaTed in a¢rnrdance with the Charities SORP (FRS I02),A￿OllnI1ng and Reponing by Charities.. Statement of Recommended Practice 4ppli¢able to charities prep•ring their ac¢wnts in ￿OrdanCe with the Financial Reporting Standard applicable in thc UK and Republic of Irejand (FRS 102) (effective l January2019)'. FiTthticial R¢portirtg Standard 102 The Financial Reporting Standard 4)plicable in the UK artd Republic of Irela￿1, a￿1 the Comp8Die$ Aet 2006. The financial statements haye b¢en pT¢paTed undtr the hi5tori¢al cost conventio IDeon All incomels r¢¢ogllis¢dinthe Statementof FinanciaiAdivitieso￿c tbe cbarAtyhas entitlenMi lo the fijtsds. it is probable that the income WAII be ￿¢¢IVed and the amount can b¢ rn￿5￿r¢d reliably. Cyrant5. including grants forthe pUrch￿C of fLxed Asset& are LS incoming resouTces tn the period of which they are receivable. Where proj¢c¢s are mountrd on ik b4sis of UWTodudion with a third paty. any)unls conthl)uted by ihe third p8ty Are included within incoming resourtts in the p¢riod in which tlry are receivable. Perfomllnce I￿rne is inCl￿d within iTthmin8 resources in the period in which the Frformance takes place. Merchandix In￿Me is irtclth within incoming resources in the pe￿d of sak. Expendlture Liabilities art recO￿lSed as expendiiure soon as ihere is ) leg41 or c(m$tru¢tive obligation committing the ch￿lty 10 that expenditu￿ it is probable that a ts3nsfer of economie Eenefits will be required in $ettlemeDI #nd the )rnouni of the obligation Can bc measured reliably. Expenditsire is ￿OUnted for on an a¢¢n￿lS basis and ljas been classified under headings that aggregate all cost related to the category. Where ¢osts cannot be directly attributed to parttcular headings they have been allocated to a¢tivities on a basis cottsistent with the ￿ of tesourc T*ngThi le ￿ed *s$ets Dcpreciation is provided at the following annual ratrs in or&r to wri* off eacb osset over its u5¢ful economie life. Equipment Motor Vehicl￿.. 2Y/ty on redu¢iDg b#laThce 25•A on reducing balance Tazatlon The charity is ¢xetnpt from ¢wpotation tax on its dwitable activitiA however the charity bas claimed creative iDdu5ty tsx reliefs in relation lo Core prothtion extKndiiwe foreligil)le film and theatrical producthjns. DuritTrg ihe yekr ended 31 March 2020. Ihe charity set llp 8 the4tri¢al prryltsrtion company. MiTr¢le Theatr¢ Produ¢tion5 Lirnited which l￿W makes claims where wropriate. Fund atto￿ntiNg Unrestricted funds can be ugcd in accordance with the charitrble objeciives at the discretion of the trustee& Restricied funds can only be used for parti¢ular restri¢ied putP05es within the obj¢cts ofthe chatity. Restrictions arise when spccificd by the donor or whel) funds are raised for partieular restricted purp)%es. These in¢lude grants. ¢o- prOd￿lI0n parther ¢oninl)utions. donatiorts and other incoming resource& Further ¢xplana¢ion of the natUTe and purp￿ of each fund 13 included in th¢ Dotes to th¢ firtancial 5t4tements. Designated furth ttre unrestrieted fwth. which have been designated for specific PUT]Mise8 by ihe irustees. Volunteen #ttd don•ted servlces and fJ¢llltles The v#lu¢ of servic¢5 provid￿ by volunteers is not incorpmted In￿ Ihesc fin•nciJl statements. FuTther detsils of the contributton m*kby vohmt¢¢Ts c•n be fouThJ in the arnual reporL li Jotf¢Yms￿N Document ID: 250222139207042 IRA E THEATRE TR TLIM NO IAL STATEMEN FOR THE YEAR ENDED 31sr MARCH 2024 INCOME FROM DONATIONS AND LEGACIES 2024 2023 Unrestrlrted ineome Arts Council of England- Core fuThling Arts Council of Englond- Clllturnl Yecovery fijnd Cornwall Coun¢il- Cor¢ funding Cornwall C0￿c11- Other proje¢ts Other Erants Donations and sponsorship Cultivator grants FEAST proje¢t 96.748 96.748 10.000 10.000 5.000 1.904 40276 9.164 2.500 113,652 158.688 Restrlc¢ed Income Shared Prosperity Fwid 271.706 10.5(M) 385.358 169.188 INCOME FROM OTHER TRADING A￿1vITTE5 2024 2023 Sale of merthjndise Hire of equipment Rcheaml space income Profit on disposal of capitsl equipnwt Miscellaneous in¢fjm¢ 17 1.363 1.438 2J05 26 184 283 200 5.149 INVESTMENT INCOME 2024 2023 Deposit accounl inl¢r¢st INCOME FROM CHARTTABLE ACTivrriEs 2024 2023 Aed F¢cs and box offitt tskings for shows PrOth￿til￿ CommrssioD Fro(h￿tIO0 Sales of prOgran￿KS Prod￿tiO Income from work5hcos Production 42.644 7500 1.153 3.559 121.187 1248 755 54.856 128,865 12 JotfmsiGN Oocument ID: 250222139207042 MIRA LETh ATRF. TRUST LIMITED OTES TO THE AN IA ATE OR THE YEAR ENDED 31ST MARCH 2(124 ED CHARITABLE AcrivrriFS COSTS Direct Costs SUp￿rt costs (See note 7) Totyls PrOth￿tIOnS 193.050 293 829 SUPPORT cosrs Management Governance costs Pft)ductions 12,044 88.735 100 779 NET INCOMINGI(OiTfGOING) RESOiTRCTrS Net ttsovr¢es are 5ta*d after charginpj (crediting): 2024 2023 Deptecialion 4.371 9,635 TRUSTEES, REMUNERATIOli AND DENEFrrs Th¢re were tx) trust#¢ remnnerntion or other benefits for the year eNled 31 Mwch 2024 or for the yw ended 31st March 2023. Truste¢s' E4*nses Thewe were expensts paid during the year ended 31si Match 2024 or for the year ended 3 1st Ma￿h 2023. io. STAFF cosrs 2024 2023 W8BCS 8nd salaries Social s¢¢urity PensiDD costs 143,054 13,202 4.707 106,144 11,322 160,963 120719 The average of ¢mployees dutiDg the year was a5 follow5: 2024 No 2023 No employee e4rned moTr than £6Q(th in the ￿ror in 2023. 13 Jotf¢xYnsiGN Document ID: 250222139207042 TRE TRU NOTES TO THE FJNANCIA TEMEKfs. CONTINUE OR THE YEAR ENDED 31ST MARCH 2D24 COMPARATIVES FOR THE STATEMEP￿ OF FINANCIAL A￿1vr[l&S 2023 Total fund5 Unrestricted Restricted funds Notes INCOME AND ENDOWMENfs FROM Donations and legacies Other trading activities Investments Ch4rit4ble *etivi¢ies Productions 158,688 4.667 10.500 169.188 4.667 128.865 128.865 Totsl lllrome *lld endowmenti EXPENDITURE ON Raising fi￿d5 ChAritAble a¢thltles Productions 290.220 10.5(M) 300.720 7,198 7198 359 529 Tot#1 expendi¢ure NET INCOM￿XPEND[ruRE (76507} (76,507) TrAnsfe 2.IXJO (2.000) Net movement In funds (74.057) (2.000) (76,50D RECONCILIATION OF FUNDS Totsi fllnds brought forward 17 113.767 2.OiJl 115,767 TOTAL FUNDS CARRIED FORWARD 14 Jotforni&GN Document ID.. 250222139207042 TIIEATRE TRUST I.VMITE NOTES TO THE FINAN TATEMENTS- CONTI FOR THE YEAR F.NDED 1ST MARCH 2024 12. TANGIBLE FIXED ASSETS Plant and machinery etc. COST At 1st April 2023 Additions Dtsposals 78.989 4.395 83.384 At 31￿ March 2024 DEPRECIATtON At 1st April 2023 Charge for year Elimittated on disp>sal 65.901 4.371 At 31# M3Tch 2024 70272 NET BOOK VALUE Ai 3 1st Much 2024 At 3 1st March 2023 13.088 15 & JotfornisiGN I)ouJmenl ID: 250222139207042 ITE IRA E THEATRF. TRUST OT THE FTNAN R THE YEAR ENDED nNUED Isr MARCH 2D24 13. FIXED ASSET INVESTMENTS Shares in grnup undertakings COST At 1st April 2023 Additsons At 31st ma￿h2o24 At 31st M￿h 2023 There were no investsneni &Wts outsid¢ the U The companys ittv¢sth*tsts ot the balance sheet date in the sbare capitsl of con)panies include the following: MI￿¢￿ The*tre Prod¥¢tlDnS Jjmlted Nantre of bu$iness: Th¢atrical Pmduction Company Class of slwe: Ordinary holdin8 i( 2024 2023 Aggregate Capital and Teseryes Miracle Theatte Productions Limited is a wholly owned gjbsidiary which produ¢e$ theatri¢al productions on behalf of Mir8cle Theatrc Trust Limited. The company was incorporated on 6 M•y 2016. Acwunts Ar¢ filed with the R¢gistr3r of Cornpanics. A summary of its results 15 given below: 2024 2023 Turnover Cost of sal¢s 71,679 105 976 165 084 Gross profiV(loss) Administrdtive exr¢n5es (J4.297) (48.￿3) 22.896 Net1055 Theatr¢ tsx reI%f (46.648) (71.799) Profit l (loss) after tsx 16 L>JotfornislGN Document ID.. 250222139207042 AC .E THEATRE THE FJNANCI TAT - CO￿lNUED FOR THE YEAR ENDED 31ST MARCH 2024 14. DEBTOK8: AMOUNTS FALLING DUE IVITHIN ONE YEAR 2024 2023 Amowits falling within one year. Trade debts)rs Oiher debtors and pr¢paymeDts Mirncle Theatre ProduaioDS Limited 21.503 14.037 1.680 11251 100.565 15. CREDITORS: AMOUNtS FALLING DUE wrrHIN ONE YEAR 2024 2023 Bank overthaft Trade creditors Other creditors and aCcn￿ T￿tillon Social securiry Other loans 8,190 17.792 4.78] 4.945 15.882 13.J62 3.872 32.916 60.708 16. OPERAIINC L&ISE COMMITMENts The following 01￿*tirtg le￿ payThents are conunitted to bepaid withtn one year. 2024 2023 Expirirtg.. Within one year 16,500 17 Q JotfornisiGN Document10: 250222139207042 ITED E THEATRE TR ST NOTES TO HE FINANCIAL ST FOR THF YEAR ENDED TEME oKri IST MARCH 21124 UED 17. MOVEM￿ IN FUNDS Net rnovemeni Transfers in fimds brtw¢en fijnds At 01104r23 At 31103124 Unrntrkted fundj General PUTPOS¢ futsl ProthKtion fund 39.260 29242 68J02 RestTlct¢d fonds shar￿ Prosperity FuDd 75.673 75.673 TOTAL FUNDS 39.260 104.915 144.175 Net mov¢m¢nt in fund& included ID th¢ above are Us follows". Rcsource5 Tesources expended Gains and Movement in losses funds UDrestrleted funds Germl purpose fund Production fi￿d 173.656 (144.414) 29242 Restrleted fu￿d$ Shared Prosperity Fulld 271.706 (196.033) 75.673 TOTAL FUNDS 445 340.44 18 JotformsiGN Document10.. 250222139207042 LF. THE TRE T LIMI NOTE TO THE INANCIAL TAT R THE YEAR ENDED 31ST MARCH 2D24 INUED 17. MOVEM￿ ]N FUNDS (¢ontlnved) Comp4ratlYes for movement ID funds Net movement Tran5f¢rs . fimds benveen At OIA)4r22 At 31103r23 Unrestrlcted fo•ds General purpose fu￿1 ProthLctioD fund 73.767 (36.507) (40.fM)O) 39260 Restrlcted fvnds Culiivator gtJnt (2.(KJO) Cornwall Community Founthn TOTAL FUNDS 115.767 76,507) 39.260 Net movement in in the above att as follow5: Gains pnd Movetnent in losses fund8 exp¢nded UDrestsleted f￿￿S General Purpose fund ProthIction fund 290220 (326.727) (40.1I)O) (36.507) [40.L￿o) Restrlcted funds FEAST Dales Central Motor8 Thc Sa¢kler Tn Elmgrant Trust 2300 2500 (2.51))) (2.5M) (5.0(X)) (S￿) 500 TOTAL FUNDS 377 19 Jotfornis￿N Doeumentlo: 250222139207042 CI.F. ThEATRE TRUST LIMrrED NOTE TO THE NANCI TATE - cO￿Thu R THE YEAR ENDED Isr MARCH 2024 17. MOVEMENT IN FUNDS (eontlnned) A CUTrent year 12 rnnths andprior y¢•r 12 months combined position is as follows: Netmovement Trdnsfer5 iti funds bemeo) firnds At 01104r22 At 31103r24 Unrestrk¢ed funds General pU￿oSe Production fund 73.767 (7265) (40.(￿) 68.502 Restrkted funds Cultivator grant FEAST (2.(th) Cornwall Community Foundation Ihles Central Motors The Sackler Trust Elmgrdnl TNst Shared Prosperity Fund 75.673 75.673 115.767 28.407 144.175 TOTAL FUNDS A crnt y￿r 12 months andprioryear 12 months ¢ombintylnet mov¢n*nt iti fi4¥Js. included in the above #re as follows: I￿ornIng Rcsources expended Gains and Movemenl in losse5 Unrestrl¢ted funds General PUTpose fund Production fund 463.876 (471.141) (40.￿)0} (7,265) {40.￿0) Restrlcted funds Cultivator Brant FEAST Daky Cenirdl Moiors The Sackler Tn Elmgrant Trust Shattd Prosperity F￿ (2,O¢X)) (2.5(KJ) (2.5(Kl) (s.{￿) (soo) (196,033} 2.500 5(K) 271,706 75.673 719674 Purpose •f rfstrleted fvnds Cuhintor zr*ntr. Funds Teceived ioTrTrnls a technical assislaDI inter￿hip. FEAST: Funds received for th¢ produ¢iion of Sleepittg Beauty 2022. Cultur81 Recovery Fund: Fl￿d$ receiyed to aid posi pandemic recovery. DAle5 Cen￿1 Motors: Funds rettived for the production of Sleeptng Beauty 2022. The Sackler Trvst: Fundq rveived for the prthtion of Sleeping Beauty 2022. ElmKr*nt Trust: Funds received for the pr(Kluction of Sleeping Beauty 2022. ShAred Prosperity Fund". to $llp￿rt the Miracle Max projttt between 2023.25 20 BJothrnisiGN Do￿rnent ID: 250222139207042 T LIMITF.D LE THE TRF. NOTES TO FINANCIAL ST R THE YEAR ENDED ME ISTM ED RCH 21)24 18. RELATED PARTY DISCLOSURLS Th¢ charity bas taken advontage of the exemptio￿ Undff the of FTnOncial Reporting Startdard 102 'The FiMan¢ial Reporting Standardapplieable inthe UK aThlRepublicoflrelaThl', not to diKlosettlatcd p4ty transactions with whollyowned subsidiarAe5 within the gr(Mw. Durtng the Previous ye8r the charity received a loan of £25.¢il of Englond - ¢OTe funding Arts Cow)cil England- eulDJrnI retovery f￿d Cornwall Council- cole fimdlng Cornwall Council- COVKI supp)rtgr8nts Cultivator Grants FEAST Projeci fiN￿ill8 Shared Pmsperity Fund Other grants Dooation5 ond pthtsSh￿S 96.748 96.748 io.( 10.000 1500 271.706 50.776 385J58 169.188 Other tr*dlllt *¢lJvlll¢s Sale of M￿h4ndIse Hire of equipment Rehearsal space income Profit on disposal of capitsl equipm¢nt Miscellaneous income 17 1.363 1.438 2.305 26 283 200 5.149 4.667 Investments Dep)sit a¢¢owit iDleffst In¢ome (TOM ch•ritxble *¢tividt5 Fees and box olf1￿ lakings for shows Commission$ Sal¢s of progrdmmes Incom¢ from workshops 42,644 7.500 1.153 3.559 121.187 1.248 755 54,856 126.856 Tot*1 Incon￿ 4Dd endtswments 445,362 300.720 EXPENDfrnRE ON Other trAdlnt A¢llvlll Support ¢osts 46.618 7.168 46.618 7.198 Charl¢4bl¢ •etfvhles Prothiction costs Bo% office commi&sÈons Fees Tourin8 COSI$ 134.323 113.679 54.133 18.455 Carried forward 162.Tll 186267 22 Jotfom)SlGN Documgnl ID: 250222139207042 TRE TRUST LIMITED ETA ED STATEMENT OF FINAF•CIAL AcTiV￿lE FOR TItF. YEAR ENDED 31ST MARCH 2024 2024 2023 Ch*rltable •ethiltlt5 Brought forward PTomotional costs Venue costs Workshop educatiott projects Motor and travel expenses 162.721 17.661 186.267 40.497 9,126 9J62 3J06 5.583 87 193,050 241.560 Support costs Salaries Contractual staff Rent attd rates InSurat￿e Telephon¢ Postsge and slAtionery Computer costs Sunthies Repair5 and rertewals Staff recruitment and training Bank chJrgcs Aceountaney fee5 ConsLTltan¢y Depreciaiion Loyts on dIS￿s81 of capital equipment Gov¢rnance¢osts 32.710 13.365 13.746 1.785 1,004 31,7SI 34,135 9J30 1.664 008 2.631 6.959 2,127 iJoi 286 867 7554 4J71 1,528 933 3.880 1.155 673 2,926 13,000 9,635 484 11044 100 779 128 469 Totsl t4xndltu 340.447 377227 Net (eIpettdlturn)Ancome IIYl.915 (76.507) Thi5 p•ge not fomi part of the strmtory fman¢ial sratem¢nts