REGISTERED COMPANY P4UMBER: 1983586 (ENGLAND AND WALES) REGISTERED CHARITY NUMBER: 1092029 REPORT OF THE TRUSTEES AIYD UNAUDII"ED t4lNANCIAL S"I"A"I'LMLN'I'S FOR THE YEAR ENDED 31ST MARCH 2025 FOR MIRACLE THEATRL TRUST LIMITED fjtotjtgtytg THEATRE TC GroLIP The Old Carriage Works Moi'esk Road TRURO Cornwall TRI IDG MIRACLE THEATRE TRUST LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Page Report of the Trustees I to6 Independent Examiners Report Statement of Financial Activities Balan¢¢ Sheet 9and 10 Cash Flow Statement 11 and 12 Notes lo the Fiiiancial Sialeinents 13to23 Detailed Stateinenl of Financial Activities 24 and 25 MIRACLE THEATRE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The trLlStees who are also directors of the charity for tlie purposes of the Companie% Act 2006, present their report will) the finaiicial statements of the chai'ity for the year elided 31 Marcli 2025. Tl)e trLislees l)ave adopted the provisions of Accounting and Reporting by Charities: Statement of Recommeiided Practice applicable Eo cliarilies preparing tlieir accoLints in accordance with the Financial Reporting Standard applicable iii the UK aiid Repiiblic of Ii'eland {FRS 102) {effectiv¢ l Januai'y 2019). REFERENCE AND ADMINISTRATIVE DETAILS Registered Compally number 1983586 (England and Wales) Registered Charity number 1092029 Registered office Unit 4 Treleigh Industrial Estate Jon Davcy Drive REDRUTH TR16 4DE Trustees m.s A Bcry P R Williams A M Edinoiids M%SEKay Mrs J E Siitherland K Harandy S Ferrie S Groom Chair Resigned 3010612025 Appoiiiled 0711112024 Company Secretary W Scott Bankers HSBC Independent examiner Jaine5 Pearce FCA TC Group Tlic Old Carriage Works Morcsk Road TRURO Comwall TRI IDG MIRACLE THEATRE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Since 1979, Miracle has toured small-scale theatre productions to rural communities and regional spaces, primarily across South-west England. Over more than four decades, the organisation has enjoyed steady growth and development, earning a reputation for high-quality performances and community engagement. This was the second and final year of the Miracle Max project, funded by a grant of £541,016 from the UK Government's Shared Prosperity Fund, which launched in 2023 and has been successfully delivered across all strands- Miracle Lab, Miracle Camp, Community Collaborators & Commissions. Artistic Activity 2024125 l. Miracle Lab - Miracle Lab productÈons were Hells Bells, Love Rlot, Duffy and the Stiltskin and the Young Fishers podcast 2. Miracle Youth Theatre - February - May 2024 3. Quizzards - April - June 2024 4. Squirrels - The Great Estate Festival, June 2024 5. Love Riot- June- AugL£St 2024 6. Made in Cornwall - November 2024 7. Spymonkey Workshop- March 2025 8. School & College Worf(shop- March 2025 9. Writers Initiative - November 2024 onwards Duffy and the 5tiltskin, Zoe Alker, Amelia Sutherland, Jack Brownridge, Daniel Richards and Tom Adams 10. Young Fishers Podcast Launch - 29 November 2024 11. The Real Father Christmas - December 2024 12. Duffy and the Stiltskin - December 2024 - January 2025 l. Miracle Lab The Artistic Working Group is now well established with Sally Crooks (director), Giles King (actor), Ben Dyson (actor) and Jude Munden (designer) joining the management team. The AWG functions effectively as.. a forum for discussion about future programming a feedback channel from the wider Miracle team 3 panel for reading, crits'quing and developing scripts means of internal evaluation 2. Miracle Youth Theatre Miracle Youth Theatre (M￿) was established in partnership with The Ladder in Redruth, responding to local demand for youth theatre opportunities. The programme ran from February to May 2024 and provided young people with a strurtured creative Spa￿ to develop performance skills, culminating in a Showcase event at st Andrew's Crypt, Redruth, on 19 May 2024, attended by family, friends, and the wider community. The participants were encouraged to develop their own work: from an idea, through research, devising and rehearsal, to a performance. The process was very much led by the group, with guidance and support from Miracle's a550ciate artists, Dan Richard5 and Eggy Ray. 3. The Quizzards Comedy Pub Quiz Quizzards is a gra￿rOOtS community engagement initiative developed by Miracle Theatre as part of its SPF Community Collaborators programme. Designed as a comedy pub quiz with a theatrical twist, Quizzards serves as an innovative audience development tool, introducing new communities to Miracle's work and strengthening relationships in key touring locations. MIRACLE THEATRE TRUST LIMITED REPORT OF THE TRUSTEIS FOR THE YEAR ENDED 31ST MARCH 2025 Cont. Quizzards was included in the Roseland Festival and delivered as part of the Creative Scilly Festival on St Martin's, St Mary's and Tresco. These events drew full houses and proved the value of face-to-face interaction with aUdIen￿S in advance of touring a Miracle production, helping to establish familiarity and increase attendance, raising Mirade's profile and laying the groundwork for the Love Riot summer tour. 4. The Great Scorrier Squirrel Challenge (June 2024) Developed by Miracle's newly appointed Associate Director for Youth, Hannah Stephens, this was an interactive team game, aimed particularly at families and young partiopants. A team of 8 freelancers gave 11 performances over the weekend of the Great Estate festival, entertaining over 650 participants. Through various challenges, communal singing, dancing and general tomfoolery, the squirrels delivered hilarious entertainment and a powerful ecological message. 5. Love Riot This successful production was the result of Miracle's long-term commitment to SUPPOrting emerging playwrights and dirertors. It was commissioned from Hannah Mulder, following her participation in Miracle Lab Writer's Residency and was Sally Crooks, directorial debut, after working for the company in various roles, including actor and a5SiStant director. Two new cast members joined Miracle via our talent development strand of SPF (Artors Camp). Love Riottoured outdoor venues across Cornwall, the Isles of Scilly and the wider South-west from May to August 2024, reaching 44 venues and delivering 60 performances. The production was enjoyed by 9,853 people (of whom 81 % were Cornwall residents). The show attracted visitors from all over the UK and the USA, Canada, France, Ireland, Switzerland, the Netherlands, Germany, and Australia I Interestingly 12.22 % of the audience did not use a car to travel to the venue, contributing to lower carbon emissions The production received an average audience rating of 4.815, reflecting Strong audience satisfaction. 6. Made in Cornwall: Writers Development & Perforniance - November 2024 A participatory initiative that combined talent development and live performance, providing emerging Cornish writers with the opportunity to refine their work through mentorship, collaboration, and public presentation. The programme culminated in a live S￿atch Night performance at the Ladder in Redruth, offering audiences an insight into new work in progress. The writer5 reported that the opportunity to test their work in a professional environment was extremely valuable. This initiative formed part of Miracle Theatre's commitment to fostering local talent and Strengthening Cornwall's creative sector. 7. Spy Monkey Workshop Mirdcle collaborated with Falmouth Town Council to promote 2 very successful free workshops (one for children and one for adults) in Falmouth, with the legendary Spymonkey theatre company, 'the reigning monarchs of physical comedy,. These took place at the Atheneum Suite in Falmouth on 8th March 2025. 8. School and College Workshop In March, Miracle took part in the ￿brarY Festival, organised by Callywith College, to mark World Book Day (6 March 2025). This was a celebration of writing in all its forms and Daniel Richards and Hannah Stephens ran a workshop on play making and were on hand to offer career advice to students interested in performing arts. This was extremely popular and they were invited back to the College to run a Shakespeare workshop- focussing on one of their set plays, Macbeth. th 9. Writers, initiative Miracle continued to work with new writers throughout the year, working with Zoe Alker on a behind the Scenes comedy to mark the centenary of the first BBC outside broadcast, from the village of St Hilary in West Penwith, on Christmas Eve 1926. Miracle is also developing an adaptation of Peer Gyntwith Amelia Sutherland for Summer 2026. Other projects with Jack Brownridge, Daniel Richards and Tom Adams are at an early stage. MIRACLE THEATRE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Cont. 10. Young Fishers Podcast Associate Director, Hannah Stephens, worked with Emer Morris to record interviews Wlth young people in Cornwall and Scotland who are following careers in the fishing industry, giving them an opportunity to talk about their experiences, aspirations, and challenges. The podcast launched at a live event in Newlyn on 291h November 2024 with young fishers from Cornwall talking about their experiences and young fishers from Scotland joining remotely. The resulting four half-hour episodes are available on all the major podcast platforms and are scheduled to be broadcast on Radio Cornwall and made available on BBC Sounds. 11. The Real Father Christmas Miracle organised the annual Real Father Christmas event on the Moor in Falmouth. As in previous years, Father Christmas (dressed in authentic green with a team of volunteer elves) appeared in a grotto, constructed in the back of the Miracle van, and invited children to bring him a gift to pass on to other children, less fortunate than themselves, who might othe￿iSe receive no presents. A huge number of toys were received and passed on to local charities, including the Salvation Army. 12. Duffy and the Stiltskin Duffy and the Stiltskin began life at Miracle's Writers Residency, held at the EcoPark in Porthtowan in 2023, as a 15-minute play adapted by Hannah Mulder from the Cornish folk tale Duffj/3nd the DevilIt was directed by Giles King. It was then developed by the same team as a full length show for the Christmas holiday slot at the Princess Pavilion. There were 26 performances, between 141h December 2024 and 4th January 2025 which sold well pre-christmas but, in common with many venues across the country, suffered from poor houses after Christmas. structure and Management A small, experienced team continues to manage Mirade with shared pa￿lOn, dedication and a tlexible attitude, ensuring the company is resilient and stable and continuing to punch above its weight. Bill Scott, Founder and Artistic Director (since 1979), who has written, adapted, and direrted over 50 productions for the company. Annie Ukleja, Managing Dirertor (J'oined 1999), who has managed the production of more than 34 touring producknons and been instrumentsl in Miracle's development. SPF funding required Miracle to expand its team in order to deliver the project. The current management team is comprised of.. Nadia Henrique-murrayi Marketing Manager (2.5 days per week)- leading on outreach, audience development and engagement strategies to expand Miracle's impact. Becky Cottrell-jury Marketing and Event Coordinator (3 days per week) - supporting event planning, promotional activities, and public engagement for productions and projetts. Julia Knight Bennett Operation5 Manager (full time) - ensuring efficient day-to-day operations, resource allocation, and project delivery. Sally Crooks Associate Director - Miracle Lab (2 days per week) - leading the Miracle Lab initiative, fostering innovation and professional development among associate artists. Hannah Stephens Associate Director (I day per week) - developing youth-focu5ed and community-based initiatives and grassroots engagement programmes. Louis King Technical Production Manager (2 days per week)- overseeing the technical aspects of productions, ensuring Seamle￿ delivery of high-quality shows and events. This expanded team has enabled Miracle to deliver successfully against its busirsess plan, exceed expectations, and respond swiftly to new opportunities This management and administration team supports a wider team of freelancers (artists, stage management, technical production) who come together to deliver each project. Miracle Theatre Trust has a subsidiary company, Miracle Theatre Productions, in which it holds all the shares. MIRACLE THEATRE TRUST LIMITED REI PORT OP THE TRUSTEEI S FOR THE YEAR ENDED 31ST MAIICH 2025 Cont. Board of Trustees & Governance Miracle Theatre has a strong Board of very engaged Trustees, with a wide cross section of artistic, cultural, commercial and financial experience, led by an exceptionally proartive and experienced Chair, Mandy Berry. There are currently six other trustees: Ross Williams, Jane Sutherland, Sue Kay, Andrew Edmonds, Kamran Harandy and Samantha Groom. A recent recruitment campaign proved very successful and Identified several potential new members. The full Board meets 4 times per year and in addition has one Away Day to consider in depth particular topics or issues. A permanent Finance Sub-committee also meets quarterly, with ad-hoc working groups as needed. Mi13cle Business Plan, Arts Council & Cornwall Council funding agreements are supported and upheld by the trustees. There is a Trustee attached to each Arts Council Investment Principle as Miracle moves into the next NPO funding agreement. Finance & Fundraising SPF grant funding awarded to Miracle (the Miracle Max project) as part of Cornwall Council's Good Growth plans and the levelling up government agenda, has enabled the company to grow, develop longer term plans and extend its Positive contrtbution to strengthening communities across Cornwall and the Isles of Sally. Delivery of the Miracle Max project has continued to absorb the majority of Miracle's time during 24-25. The project funding structure included match-funding from a proportion of Arts Council NPO fundingt earned income and volunteer hours in-kind. It did not rely on match-funding from any other grant fundraising. Arts Council NPO & Cornwall Council Miracle continues to be supported by Arts Council England through its NPO agreement and by Cornwall Council Earned Income from Box Offi Earned income came from the summer 2024 touring production of Love Riot- 60 performances at 44 venues across Cornwall, the Isles of Scilly, Devon and Dorset. The show received very positive audience feedback and generated £126,111 In box office receipts. Reserves Policy & Current Position As a charity whose business model relies heavily on earned incotne and fundraising, Miracle Theatre s Board of Trustees recognises the importance of a reserves policy to safeguard the charity against unforeseen circumstsnces. The trustees have determined to safeguard the operations or the charity by holding 4 months running costs in unrestricted reserves, as well as a designated fund to honour artists contracts should a project or production be cancelled. This will be based on 3 weeks, pay for 8 people. Reserves Policy & Current Position March 2025 The Trustees policy has been to build free reserves up to a minimum of four months of forecast core running costs- approximately £60,000 at 315t March 2025. The reserves policy also outlined a desire to retain a fund for Artist fees based on 3 weeks, freelance pay for 8 people £16,200 (24125 rates) - making the combined reserves target £76,200. At 31st March 2025 the balance sheet shows unrestrstted reserves of £185,376 of which £16,798 is represented by fixed a￿ets, designated funds of £16,200, and free reserves are therefore £152,378. IRACLE THE TRUST LIM PORT O TRUSTEES FOR THE YLAR ENDED 31ST MARCH 20 ON BEHALF OF THE BOAAiD: Ms A Berry- Chair TTU8tce Date.. 11 August2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MIRACLE THEATRE TRUST LIMITED I report to the trustees on Iny examination of the fii)ancial statements Miracle Theatre Trust (the cliarily) for the year ended 31 MarcE12025. Responsibilities And basis of report As the Iruslees of the charity (and also ils directors for the PLirposes of compaiiy law) yoii are responsible for the preparation of tlie financial slalemeiils in accordance willi Ilie requirements of the Coinpanies Act 2006 (the 2006 Act}. Having satisfied IT)yself that Ilie financial stalemeiits of the charity are not required to be audited linder Part 16 of the 2006 ALt aiid al'e eligible loi- iiidLpendenL examiiiation, I I'epoi't in I'ebpeLI ol- my cNamiiiation ot- the Lharitv s tiiiancial stateinents cari'ied OLII undei. sectloli 145 of tlie Chai-ities Act 2011 (the 2011 Act). Iii carrying out my exaininalion I have followed all the applicable Directions given by tlie Cliarity Cominission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to iy)y attention in connection with the examination giving ITJe cause lo believe that in any IT)aterial I'espeet= accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with Iliose record%,' or the financial slatcmciils do not comply witli the accoiinling reqiiireinenls of sectioii 396 of the 2006 Act othei- than any requirement that the accoiints give a truc and fair view whicli is not a mallcr c0115idcred a5 parl of an independent exaimination- or the fiiiancial slalemcnls liavc not been prcparcd in accordance with the Inetliods aiid principles of the Statement of Recoinimciided Practice for accouiiting and reporling by Charities applicable lo charities prepai'ing their accounts in accordance with the Financial Ilcportiiig Standard applicable in Ihc UK and Republic of Ireland {FRS 102). I have no concerns and have comc aci'oss no other matters in connection with the examination to which attention should be di?wil 111 thi5 report in order lo enable a proper iinderstanding of the financial statement8 to be reached.