iIEGISTERED COMPANY NUMIIER.. 19835a6 (ENGLAND ANI) WALES) RTr:C.JSI-FRTr:D C.TIARITY NIJMllkR= IIW21129 REPORT OF TIIE TRUSTEES AND ',NAIIDJTED FlINANI.'T,IL %I'.1'l'LINILNTS FOR THE I'E.4R ENDED 31ST fvIARCII 2026 MIRACLE TIIEATRE'fRLST I.IMITbl) MIIIACL THEATRE TC Group Vivian HoiLSe Nttvliarn Ri)ad 'I-RURO TRI 2DP
TRACLE THEATRF. TRIIST LIMITF.IJ CONTENTS OFTTIL I.-INANCIALSTATEMENT TrOR TFIE I'E.4R ENI DED 31 T lAR(H 2026 Pa8C Rvpoit ot'il)¢ Twste¢s IndepcndEni Examiners R¢port Siat¢m¢nt (kfr Fiiiancial AciiviII¢S Bdlaiiie Sheet ¥ad9 Notes io the Finan¢ial SIMw'm¢nt5 22 and 23
MIRACI.F. TIVEA TRE TRIIST LlhllTED RF,PORT OF TIVE TRIIS-fEES FOR I'HF I'EAR ENDEI) 31. T MARCII 2U26 The trustCC5 who r¢ a150 director5 Ot'lhc cli1.1[}, fuT the Pllrpos¢s nf the CompaniEs Act 2006. presii their r¢port with lh¢ financial siatemenis ol. Ilie cliariiy for the vear c11d¢d 31 March •O?6. The Iru.%le¢.% liave adopted tlie provifinn% ol. Accoiinting lind RLporiin8 by Cliarities.. Sialenient ot. Recoiiiinended Pra¢tiLc api)lical)le lil eharili¢S preparing Iheir accounts iii accordaTr¢¢ willi ihe Fiiiallcial Eieporting Siandard applicable iii llie IIK aiid REpublic ot'lreland IFKI 1021 leflecle l Januari 20191. REFERENCE Af4D ADMINISTRATIVE DETAILS Rtgisiered C.'ompany Thumber 1983586 ILnglaiid aiid Wales) Registered Charil) numbei. 1092029 RL'gistcred oifite Ullit3 Jubile¢ Wliarl. ConimLrcial Rnad 'riiii) RFG Tru5teC5 A Beii? Chair A M Ednioiids SEK8y K l-Tarandy S Gruom C M Claik¢ S L Mollart Appnii)ied 22K0712025 Appi)i111ed 2210712n25 C.OTnp£n) Scciitary W Scoti Bankcrs HS8C lud¢pedekn¢ txaminer James Pearce FCA TC GI"oui) Vivian FTtsuse Newliam l'oad TRIIRO CtiiiiM'all TRI 2DP
MIR IIF.ATIIL T .IMIT RF.PORT OF TIIF. TRII.8TEES FOR THE I'EAR ENDED 31ST fvI.4RC.1121126 mirac Theatre 15 Comwall's longest running and most prollfic touring theatre company. For over four decades, Miracle Theatre has been dedicated to delivering high-quallty, indusive live experientrs and making theatre aCssIb to all, regardless of age or background. The company's lnnovaty.ve apwoach to storytelling and commitment to comrnunity engagement have made it a beloved cultural Institution in Cornwan and the Isles of Sdlty. Mlrade Theatre is a chartty and recewes regular fundlng frorn Arts Council England 6nd Comwall Council. This year wa5 the first year corning out of the Mirade Max project, funded by the UK Governtnent's Shared Prosperity Fund. It saw an office rnove, change of personnel and conbnued investment in artstsc SUcSsion planning. Artistic Attivlty 2D25126 l. Twelfth Night, summer 2025 t(xJr 2. Quizzards and Squlrrels, summer 2025 3. Real Father Christmas, December 2025 4. Mirntle Young Cornpany, laUnCd lanuary 2026 5. Exploration of new work, on going 6. Made in Cornwall, January 2026 7. St Hilary ProFrt Ifor Winter 20261271, development stsrted January 2026 l. Twelfth Night Twelfth Night was Mirade's summer tour for 2025 and the second with CtrArtistic Director Salty Cr(x)ks at the helm. Two new (xst members, Jowan Jacobs and Plp Cwk, lolned for their first Mirade tr. Twelfth Night toured to outdoor venues across Cornwall, The Is5 of Scilty, Devon and Dorset froffl June until the end of Augu& playing 47 perf[xmanS at 27 venues including castles, gardens and village gr*ns. Over 11,QOO bd(et buyers, 25¥0 of whorn were new io Mlrade, came to see the produthon and 850/0 gave thow a 5 Slar ratlng and 13Wo gave d 4 star. Community volunteer5 donated 200 kK)ur5 of titr£ helping with things like box office, as5i5tÈng aUdIen members or selling prograrnm. The were three youth workshop5 assoclated wth the pmductlon sponsored by Andrew Exelby Estste Agents, two female director5 were mentored and over 150 students attended shows. 2. Squirre15 and Quizzards. Duri summer 2025 Theatre Royal Plyinouth transformed their scene dock Into an outdoor perf0rrnan space ith specific programrning foT summer. Two Miracle shows were included as pop-up productlors, The Quizzards and Squirrels. Lr¢ addition The Squirrels were cornmissioned to appear at The FalnN)uth Oyster Festival as part of their family friendly programmlng.
MIRALLET 4EAI'RF TRIIS IMITED RLI>{)RT OF'fHE TRIISTEES FOR THE I-EIIR ENDED 315.1. M.4R(.'H 2Tr26 C'.fftnt. 3. The Real Father Christmas On Saturday 6th December, in conjunction with foundlng artist Keri Jessiman, Mirade's touring van wa5 decorated and Santa dre55ed in traditional green, ready to collect presents which were then distrlbuted vla The SalvatycNI Army and WILD Young Parents Projert to local charitie5 and families in need. 4. Small Miracles and Mlracle Young Company Small Mlracles is our collective term for a prtNJramme of training mentoring and opporbjnities for young people. Small Mlracles includes work experience, workshopsi youth volunteering and Mirack Young Company, a pllot ( which took place from January to Aprll 2026. Meeting at The Poly in Falmouth each week, a brilliant group of young people have been karnlng new theatre 5blls and creabng work in a space centred on creativity. CoThfiden and'koving a go-. They took part In a rIeS of theatre masterclasses led by Mit7cle asgjoate artists, exploring writingi direthng, Shakespeare, design, Costume, prop making and lechnlcal theatre. Guided by our Qi-Artistit Director Sally Crooks and AocIate Director (Youth), Hannah Stephens, we hwe seen remarkable growth in a short time. Not just In skills, but in conlideKe, collaboration and the courage to step foard and be Seen. This projed is part funded by Cornwall Community Foundation through their Young Minds Hrst fund, supporting young people's etrrf)tional wellbeiNJ. Addf(ional money w65 raised via a fundraislng event at The Comwall Tourism Awards 2025 and a winter raffle. 5. Exploration of new work As part of Miracle's commitment to new work, Bill Scott and Salty Crooks have tr£en working with performers Daniel Richards and Tom Adams, encouraging them through the writerg programme to produ some prose stories and songs based on backstage life on tour around the south west. 6. Made in Cornwall Scratch Nlght Mlracle Theatre 15 part of a group of Comwall based arts orgalli%atlons who collaboT3te to supportemerging tslent via a ries of scratth nights. Miracle's sualth event took pla at The Poly in Falmouth in January 2026 where 7 performers enjoyed a 15 minute slot each, playing to a full hDuse. After their session these artists We ab to gain valuable feedback and mentoring about their performances and their work this work is part of the companys commitment to fostering taknl ar investlng in, and supporting, Cornwall's creats.ve sector. 7. The St Hilary Projec¢ winter 2026 In December 1926, tIE BBC tnade hi510ry with the first live radio broadcast from a remote rural location.. Bethkhetn.. A Nativity Play, performed by the parishione of St Hilary Church under the dlrecbon of Reverend Bernard Walke. This pioneering motnent in outslde broadcasting. plad a sm811 Cornish commuFIW at the centre of a natlonal experlment- bleing faith, technology, ancl art in a way that reg)nates far tyond Its me. Through Mirade Lab, writer Zoe Alker has been working on a play to commernorate the centenary alongside a programme of work that will celebrdte the heritage of Lhi5 milestone. Although the production will not tske place untll winter 2026, a lrt of development and fundraislng work has taken place in readiness for trat. Sttwrture and Managèment 2D25 brought with r( sorne change5 to the Tunning of company. ManagirE. Director Annie Ukleja, vtho had been with Mirade sintr 1999, beft the company to pursue a freelance prUcIng career and in July 2025 the compans Offi rel(Kated to smaller prernises with k)wer overheads at a thared workspace in Penryn.
MI1cLE T14F.ATRE TRI'.ST LIMITED REVOR T OF THE TRII%TF.F.S FOR THF I'EIIR ENDED 31ST MAR(-kl 2(126 C.onl. With the end of Shared Prosperity Fund funding several fixed term roles within the company ended. Recruitment started to rebuild the senior team with a Managing Director role and a new Developrnent Director ro, (the results of which are In place but concluded in the financial year 26127). The team continued to manage Mirade with dedicatkjn and a flexiblE attitude tri ensure that the Company remalned rIllent and delivering projects with far reaching scope. Bill Scott, Founder, CEO and Co-Artistic Thrector. Blll has written, adapted and directed over 50 productions for the company Sally Crook5, Co-Art15tic Director. sal Is working in partnership wtth Bill as an leadership successlon plan. Salty directed the company's summer 2025 tour of Twetfth Nht which played to roarlng rewew5. Arnnie Uklela, Managing Diredor (until June 2025). AnnE managed the prodtiOn of tours and the running of the company. Sarah Ferrfe, Interiffl General Manager. Sarah joined in July 2025 to flll the gap Letween Annie leaving and new retruitment. Becky Coitrell-jury, Marketing Co-ordinator. Becky takes care of the marketlng and comrnunication5 for touring work, the youth 51rJnd of work and the volunt&r network. Madlenzie Scott-8ray, Finan Manager. Mad(enzle is the ¢ompany's in-house Finan Manager produclng rnanagement accounts, budgeting and over*eing the work of the book keepers. Hannah Stephens, Associate Dlrertor, Youth atKJ Community. Hannah works on developing the company's youth and community offer indLKling Young Company, work experience and relationships with sch¢ols and colleges. Miracle's core team works to support the people who come together for each pmject larlists, stage management, technlcal production). MiradeTheatreTnJst has a subdIary cornpany, MIRcle Theatre Productlons In whith it holds IOOYO of the shares. Board of Trustees and Governance Miracle Theatre Trust has a board of highly eroaged and eXperiend trustees with a wlde cross section of artistic, cuttural, commercol and financiol eXperiern. The full Btsard meets four times a yeBr and a Finance Sub- Committee also meets Quarterly. Ad-hoc working groups are set UP as needed. Each year there is an addltlonal away day strategy session with the Board and seniorteam for longer-term business planning. In 2025-2026 there were nine trystee5 '. Mandy Berry {Chalrl, Andrew Edmunds, Oaran aarke, Jane Sutherland, Kamran Harandy, Ross Williams, Satn Groom, Sue Kay and Sarah Mottart. The Council England and Comwall Council funding agreements, and Mlrade Theatre's business plan are supported and upheld by the trustees.
IRACLE THEATRE TRUST LIMITED REPORT OF THE TRUSTKES FOR THE ITAR ENDF.D 31ST MARCH 20Z6 Cont. Flnance and Fundralslng During thls year, Miracle secured additional fundlng from Cornwall Communlty Foundafion's Young Mind's First Fund. Thls sUPPOrted the running of Small Mirades, and the newly launched Miracle Young Company. In addition to thls, Miracle commltted some of ts reseN2s to the summer tour of Twelfth Night and the relocation to new premises. The summer touring production reiVed sponsorship from SN private sector partner5, one of whith allow8J us tti experlment with a popup bar to generate secondary income. Arts Councll England and Cornwall Council.. mirac Theatre conbnue5 to be supported by Arts Counal England through its National PortFolio Organisation (NPO) agyeernent and by Cornwall Council, Earned Income from Box.Offl¢e: earned income came frorn summer 2025 touring prodtIon of Twelfth Night whith had 47 perforManS across 27 venues across Cornwall, isles of Scillyi Devon and Dorset. The show YeIVed very positive feaback from alenCeS 2nd genernted £132,817 In box office rIpts for Mlracle. Commissions.. the Company eamed a Small amount of income from The Quizzards and Squirrels playing at a festival In Plymouth. Reserves policy and curr¢nt position As a charity relying on a combinatyon of earned income and fundratslmgi Mlracle's Management and Board recogni5e the importance of a reserve5 policy to 5?feguard against unforeseen Circumstan5. The trustees, pollcy has been to build free rerVeS up to a mlnimum of three months of forecast core runnlng costs- approximately £60,000 at 31* March 2026. At 3LJI March 2026 the bakin sheet shows unyestrlcted resetrves of £95,068 of which £12,259 is represented by fixed ets, ?nd free reserves are therefo £82,809. ON BEItALF OFTHE BOARD.. M8 A B¢rry- Chair Tiuslcc Date.. /s/Lo
IND NDENT EXAMINER'S REPORT TO THF TRII%I'F.F.' MIR.4(.'I,F, I'IIF.,i'fftL T I r¢port lo tlic tsv81¢¢8 on Iny ex11111a(1(x7 of Lhe finan¢ial sialeniilS Mi17cle Th¢airc TTu Ithc cliaTltyl toi. Uie year ¢nded 3 IA Mdrch 2026. RespoTh&ibllltie$ and basis of rtpTrrt As Ilie trusiees ol. the Cli-lty land alw its dircciTri's for the purwse5 01. tompiiny laivl yoii are respon%¢bli I'or Ilie tparattoii of die linan¢ial statenieiils ID a¢Lordanc¢ WIUI requireM)cnL% of die C(Mrpaiiies Acl ?006 Ithe 20116 Aei}. Ind¢p¢ndcnt ex*mineT'5 5t#thmewt I havc coinpleied Iny ¢xllrnination. T ciiiifirm Ilidt iiD lilaiter havL come lo ii)y aitenlion iii wniieblioii with di exan11nlll•ll 8IVIII8 mc baus¢ to tclievc Iliul iii any Nialitial rcspecl.. acLouiiiin8 records wtre iiot keFt in respeci of Ihe chariiy as requirgd by seclioii 386 ot.the 2(H)6 Aa. (x" the tinaiiLial siaiein¢iii& di) lint aLcoid willi those rccords.. or th¢ tinancial a[C[neil1& do noi coniply wilh Ili¢ dL'counlinB rtquirernenls of %¢ciion 396 ot-th¢ 2006 Aclother dian any ie4uifcmeiit that thc ac¢()iiiils give a and fAirview wliich is not a mBtter ron%id¢red a5 pari of indcpendent LxaminaLion: OT Ilic linallcial 5ttti¢illCIIL4liavc nTrl b¢¢n prepared in a¢ctmxllce willi ihL mLilii?Jx aiid princii?Ics ol'diL Statcircnt f R¢comniendEd Pi¥ctl¢L Ioi. dCLOllllliii& and reporting by chaiitics uppli¢able 10 chai'itic% Trr¢pariiig their a¢couiiL£ in a¢cDixlaiici ivith the Fiiianiial Repi>rtlll8.8taMdard ai?pliGable in di¢ IJK Bnd Republi¢ ol.li.e1ld IFRS 1021. I have nci conLernb iiiid have cvmc #¢iDss iio oihci'maiier.s in coiin¢ciioii wilh Ili¢ ¢xaminalion to wliich aiieiiiinn thould be drawD 111 this rcport ill Order to eiiable a i)roper uiid¢rbu2ndiii¥ nfilie Iiiiancial %L¢mCli18 to bc rcaclied. jil¢S Pcarce FCA TC Group N¢wh£in rfiad Truro -rRI 2DP Dale.. li
MIRACLETHEATRF. TRI'.ST LIMI STA T.MF,F ()Tr FINANC'I l. A(.'Tll'i'fiF. Tr'OR TIIE Tr'EAR ENDED 31 ST MARCFI 21126 2026 Tothl fiind 202) Tfrial Uiirestri¢t¢d rund INCOME AND ENDOWMENTS FROM Doiialiolis and legaci¢s 3.000 1 ?4.710 i.956 436,419 8.647 3.956 Irvestmellls (.'haritahle #ttivities Productiong 187,271 187,271 220.592 I'otgl IntMe #Md tndowrnoTrts 312.937 315,937 665,658 EXPElTURE ON Raising fuiids ChAI'ithbl¢ ctIVitIeS 44.138 44,138 49.140 359,107 366,940 567.484 Tollll txpcndilui 403.245 7.833 411,078 616.624 NET INC.'OMEIEXPENDITURE 190.3081 14.8331 49.034 Trniislcis beLwe¢n fvllds Net movement in funds 19n.3D81 14.8331 49.034 RECONCSLIA TION OF I."IINDS Total fuud5 hroughi fonygrd 185.376 7.833 193.209 144.175 TOTAL FUNDS f.ARRIED FORIVARD .981& Tlie noLes lurni of the%e liMan¢ial $talemenLS
MIRACLE THEA TRTr TRIIST IlITE BAI.AN' -'F 4IIEF.'r AT 31ST fvI.IRC.112026 2026 Toial 202) Unro5trictcd Restricted rullds Notc FIXED ASSETS Taty¥ihlc asscL8 InYe5uneiits 1?.259 16.797 11,260 12,2fj0 16,798 CliRRF.YT A.SSETS Debtoi's Cash at bDnk 14 60.125 175,613 46 103.531 3.IM)D 20i.274 CnEDrroRS AmDuiilS lalliiigduc within one y¢ar {20.7231 120,7231 126.8031 NET LURRENT ASSFTS 82,8()8 3.000 85.¥08 TOTAL ASSEI'S I.ESS CIIRRENT LIABILITIES 109,3KO 3.orjo 193,209 NF.T ASSF.TS 95.068 193.209 2026 2025 FIIYDS Iinre5trieied fundb-. Gencral luiid D¢signaied flliid 95,068 16.2nQ 95.068 185.376 Rfstrictod 3.000 7.833 NET ASSF.I'S 9R O()8 193.709 Tlic torlli pwt ol'lhese linan¢ial slat¥m¢ni%
MIRACLE THRATRE TRUST LIMIT BALANCE SHEET_ COKnNUED AT 31ST MARCH 2026 The charitable cvmpatty is entiticd to excmption from audit linder Stction 477 of the Companies Act 2006 foi. the period ended 31$1 Mardi 2026. Th¢ membe15 have not d¢p05it¢d a noticc, pursuallt to S¢¢tioii 476 of thE Comp&Jie$ Act 2006 rEquiring an audit of thBs rinancial 8tat¢ments. The tmstees acknowledgc th¢ir r¢%p0115ibilities foi" ensuring that Ihc Cliarilablc eoinpany keq)s acc()unling Tccords that comply with S¢ctions 386 and 387 of the COMpnIC% Act 20Q6', nnd prcpatiiiB financsal statein6nts which givr a ts.lle and faii'view of the staEC of affairs of tlic Lharit&ble cotnpany a8 at theend of cach finwicial yearand of its surylus or deficitfoT ¢ach financial year in accoran¢¢ with the irquii'¢n*nls of Seclions 394 and 395 and which olh¢TWiSB COTIiply with the iequiren)entS Of (he Compani¢8 Act 2006 Telaung 10 fliclaI stat¢¢t$, su far as applicable to the chaiitabl¢ ¢ompany Thtse finallci&I 8tatem¢nt$ h&ve been PTepared in uccord8ncc w5th the special provtsions of P8Tt 15 of the CompDnie& Act 2006 relailng to small charlbI¢ Companies. Tlie fiDattcial statements wu¢ approved by the Board of Tsle¢S on. . were sigllsl on its behaifby.. A Betry-ChaiT TNste¢ The notes form partof th¢s¢ fJn8ncial statTIentS
MIRACLE T14EATRF. I.%T 1.1 ITW.I NOTF.S TO TYIE FVliANLIAL S'f,ITLMI ENTS FOR TIIE VEAR ENDED 31ST M.AR('1121I26 AC.coiiwfvNC POI,TCVES Bsis 0(pparI% the finthncial siltments 'l-he financial slatetn¢nt5 of ihe chAriiabl¢ coiiipany, which is a puhlic bL-nefit ailily iindci. l.-RS IV2, liave been prep#red in a¢¢oTdanBe Uie Cliai'ilit% SDRI, IfR.$ 1021'Accounliiig aiid Rci)oilins by Ch31'ilies'. %ialemLlIt ot'Recom111cndtd Praclicc appli¢ablc Iv charities prL'paiing dieir accounts iii a¢coYddncc with the Financial RekX)iiillg Standard appliijhlc Rcpi)rt1ng Staiidard applicablL in the UK aiid Republi¢ i)fii'elaiid' aiid Ilic Lompanies Act 2006. Tli¢1111dnLial.%iaLeiiieiil% liave be¢n PlEpai¢d uiider thc hi%ioricDI L4ts11011veiilion. Going cnntern 'rh¢sc tinancial siatem¥nis arc prepared on ihe'8OlnS ¢i)iiccni' ba515. The trustceF have a I'eosTrrtable expriia110n thai Ili¢ Tli¢ deticil tOF th¢ ye. i8due io B nuniber ol'onL-ol'l'piY&&urcs. A Slifirtl-IOd uf additioiial Slidf¢'Ei l>i'0spiriiy FLind l%PI-'I fundiiig. I11¢h rLsulted in addilional.414ly, plJe¢L$ thid a £hort-t¢nn iiicrcuse iii turiiovtr. endcd abrnpily in March 2025. vaLating die COTnpany's I{Q.-Orc. wDrk$hop and rehearsal spart. put %lrain ixi tlic olEani.LIn aiid its rebotsr¢es. The resuliing iii year d¢ficii 'as Inanaged wiihi11 our lIch liavL iinw Iriui'Ded to pre-SPF levels. Th¢y are. howevei., slill ¢oiiifo1l1bIV dbtsve our RCSriy Policy figuir of £60k. In lh¢ course tsf this fiiia11¢ial vear. thc wmpany lias adgplcd ta the uph¢aval by IruCtur1nS ihc maiiag¢mcDt, Itdiicin8 thc Cl.O's role from 4 to 3 das5 per week. Tlie niove 10 %inaller Iirc1Mi%'s lan o4tim3ted saving ut'tl 5,DOO i)¢r aniiuinl llnd negative etlect on the qualily or scale ul'our i)roduclion%. Having successfull}Tr impleillenlrd th¢ artistiE ludei%hip %ucc¢ssioii pl and rebuilt thc %¢iiiiii' Icani with a Manogiiig DireclTrr role biid a ncw D¢v¢lopKnentDir¢ciurrol¥ io explnir ayS Df in¢rea%ing ¢Jrn¢d incom¢ Diid new Hvenues nl'grant fuThdin& Iilit results of which are in pldL¢ bui coii¢lud¢d iii 111¢ finanLldl y¢21' 261271. Ihe cniiii)aiiy lias now r¢tumed 10 its prcvtoiis pnsilion ot stability. Coiisequeiiily, we as Irusie¢s, Jrc ¢i)ntident Ihai Mi17cl¢ Tli¢atrL will continui 10 he a goiiig coiTr¢eix. All iiic(Trme is r¢cognised in Ihe SidLem¢iiiol'Finaniial Activiliesoncc IhL ehariiy haseiiiiilemeiii lo the funds, it isprobablE th2E ilie incn¢ will bL' F¢¢eNcd ld Ili¥ a1nuunt cai) be Tlle3%ui'Ld reliably Ciraiil%. includiii8 7n[S for Ilic pui'chase of fixeil as8¢ts. are rw()gnid a% incoming r¢$ources 111 Ihe period ol'ivhich Ih¢y are receivJble. Wh¢re projects air mOu1¢d on thc basis ol. c0-pldUC[10n Ntridi a Iliird pariytr BlnOl1111s coiilribuicd hy the Iliird Pdriy are included within inwming resourcey in the rIOd in which they are rec¥ivabl¢. PeTfomiance income is incltsded wiihin iiicoining r¢WUr¢ iii die PCTiod in wqii¢h Ilie performance takes1)lacc. Merdiandis¢ incomc is ii)¢lvded witi)iii inconiing resources ili Ilie pe[T uf sale. Exp¢Kdilure Liabili11¢5 are T¢cogiiised ds e%penditurts' 35 $01)1J Bs ther¢ 15 a l¢s&l or consiru¢iive ubligation coiiimilling the ¢harity t obligalion ¢wi be me&&urtd reliabl).. l.Kpendiluri iq aecouiii¢O foi. on ali ¢iccruals basis iE nd htsb bccii ¢la%ified under th¢y liave been allocaLa lo d¥tivitics oli ts b8si5 CVlJSlSt¢ni wilh Ihe use (if l'esliurG. Tn%ihle fix¢d $%ct5 DepTcciatiDii is pruvi¢led al Ilie lullowin8 annual ratcs in ordeT LO Ivrile oif¢acli $le1 over its U5cI'iil CLonomi¢ lite. 25Pth on irduciftg b8lanL¢ 25°A oil reducing balaiicc Motorvehiiles. 10
MVRACLF. TFIF. IMITEI) NOTES'I'O THE TrINAN(.'IAL S1-AI'EIIFi%T - CONTINiIF.D FOR THE YEAR ENDED 31sr MARI.'IT 21U6 Taxtir)n The didi-liy is ¢xempi fron? ci)rporatioii Lax 011 its Lliarithble activilies. however ihe cliarily lias claillicd ¢r¢ativc industry. x rclicls in r¢lation to ¢or¢ produclioll e%pendiiure flir eligihle film thLalFIClc I pldUctiO115. Diiring the year ended 31 2020. Uie charily Sei up a theatriral producli(>rt LY)mpany. Miracle Tli¢atsr P]xidu¢iions Limid wqiilh now tnakes sucli claiins wlicrc ap'1a(e. Fund lJnrestricied funds Lali be used iii Bccthrdanci with Ihe thai'ithble ubje¢tivo4 al Ihe dIretic1Th of the Ii'usl¢¢b. Tltsirieted flliids can oiily k used for partiiuldr reslricicd iiurp(ws withiii dic (>bj¢¢ts of Ihe Lhai'il),. R¢bli'iclions ari%¢ wli¢n 4pec11ied bv the doiioi- or Milieii tuiid& air rai£ed li)r parliLu1ai- I'e5trictcd purwse%. TIiL inc1ud¢ grdnts. CO- produeEIOn PaTlii¢r Lontrihutiuiis. d()nlltlilllb and Diher 111c4)niirg iiwurckns. ruitiier explanaiioi) vl'thc nawre and i)Iiox)s¢ of eatli luiid i.s iiiLludid ill ilie noittx u) (lie liiiatt¢ial slalLmcnL4. Desigt)aitd lunds arc unre%tricled funds. which have beell desigiiated lur sp¢cific purpnsts by Uie Iru%t¥¢s. lioluntcers donated seiwi¢¢$ and facllltie% The value ol. S¥lNi¢es pmvided by Vi)liinlecis 1% noi iiic()rporat¢d iiilo Ihes¢ liiiancial slalemenLS. FiirihEr detail.4 of lh¢ coiilrihuliiiii Inade by voluiitcers can be lOud in Ih¢ irnslees, aiiiiual Irpiiri. INC.OMI FROM DONATIONS AND I.VGACIES 2026 2(12) Uni'¢.strittL'd inco Art Council ufEii8lwid- COIT fuiidin8 CLTrI'iiwdll Council Lorc tunding Other grants Donaiions and spoiisoiEhip 98.306 10,000 1,000 12,404 96.748 i o.ono 5.QDn 6.347 118.095 Rf.%ti'iclcd income Shared ProspLrii}, Fuiid Cornwall C.onimunity Founda111 318,324 3.000 436,419 INCOME FROM OTIIER TRADING A(.'TIVITIES 2026 2025 714 iou 412 3.86S 2.791 Hire of tquipmeiit R¢liearsal &pa¢¢ income Prof1t 011 disry)sal ol-capital equipment Miscellaneiius incoinc 19?01 4.062 1.579 i.956 8.(147 INVESTMENT INC.'OME 2026 2025 Deposit accowit int¢rost
MTRACLE THEATRF-fRI;'.8T I. i'rLD NOTES TO TIIE FINANI'IAI..%TATF.INIF.NT5- COi%TINIIED FOII TTrIE TrEAR ENDF,D 31ST M.R(..112Tr26 INCOME FROM CHARITABLE ACTIVTTTES 2026 2025 Acdivity Ftcs and box offiL* thktngs for shows PIM)duclioii 185.725 100 429 205,742 ,358 3.742 2.75U Sales ol'yro8ranTriiies Iiic(Trme fr()In workshops Produclio IX7271 220.592 CHARIT ABLE ACTivrriF.S C'OSTS Diirci cogts Suppx)rf wsls IS¢# note 71 Toials Productions 249.787 3()6,940 S(IPI>ORT COSTS Managemcnl Raisiiig funds Ciovernaiicc G051S Prodiiclions 14.961 lQ2,192 NET INCOMINGIIOUTGOINGI RTr.SOURC.'Lty Nei i'i%ourcc% aTL Stated after cliargiiigllL'reditln81'. 2026 2Q25 Depi'eciaiion 4,393 5,616 TRIISTEES. REMI1,RA TION AND BF.NF.FII There were liS¢S. remuiiei'alioii oi. oilier benefits for Ihe year ttndtd 31 -¢I7 2026 or loi. di¢ ye. cnd¢d 31st M'£h 20. Trnst¢Q8' Expensts 2026 2U25 'rruslccs' ¢xp¢n%E$
MIRACLE TFILA-fRF. TRTIST 1,IV1TD NOTF.s'ro T14E fiNAN(.'IAL STATEMEJ'T.%- COYTINIIE FOR THE I'EAR ENDED 31ST MARC'II 2026 io. STAFF COSTS 2026 2025 Wages and sdlaries Social 8c¢urity Pen51Oll Cthsis 148,053 7.392 3,252 183.690 16.56? f>.051) 158.61)7 2116.3D2 The &vera¥¢ number ol'employees d.1118 the ycar wag as l•llows'. 2026 2025 No No e1npltsye¢ earned mure ihaii £60.000 Ihe year or in 2025.
MVRA 'LETHEAT E'fiiii.ST IMI'fbD NOTESTn'fHE FIN.4N 'IAI..%'fATF.MENTS- C N'fiNIiED OR THE I'EAR EYDED31ST MARLII 2026 COMPARATIVES FOR'fiiE STATEMENT OF FVNANCIALACYIN'ITIF.S 2025 Total Unirricied fund.s ResiriLied Notes INC.ONIE AND F.NDQWMENTS FROM Donaiions aiid IgBya¢ie£ Ot1icr ts'ading oGtsVllies Investsllenls Chritxble actfvi¢i¢5 PrDdiiciioris 118.095 8.647 318,324 43C1,419 8,647 220,592 220.592 Toll income #nd cndDwmei11$ 347.334 318.324 6(?5.658 EXPEliDITLRE ON 225 48<)15 49.140 C.h&ritgblc 4itivitie% 235 C)7 484 Tot#1 expenditur¢ J80 587 616(724 NET lTrCOMEIEXPENDVTtIRE 162,16Jl 49,0.14 Tr*nsf¢r5 5,577 15,577} Net movement in funds 167.8401 49,1134 REC.ONC.ILIATION OF FI'N'DS TotAI futhdy brfju%ht forward 68.502 75.6TJ 144.175 TOTAL FiINDS CARRIED FORWARD 76 14
IIR.4c E TIIEATRK TRIIS'I. LJM NOTES TO TIIL FIliANC'I.AI..%I"A TF,IF.N,T$- C.'QN-rTN FOR IIL YE ENDE 1ST MARCII 21blfi IED 12. TANGIBLE FIXED ASSF.TS Plani and macliinery ¢tc. C.OST At I sl April 2025 Addiiions Disposals 92.685 774 110.1)72 83.387 At 31st Mai'ch 2026 DEPREC.IATTON Al l.$1 April 20?5 Cliare fai'y¢dr Eliminatcd on disposal 75.888 4,39_1 Ai 3151 Marcli 2026 NET BOOK VALLE At 31st m¢ 20?6 12,2)9 At 3181 Mwrli 2(k25 16.797
MIRACLETHEATR IMITED OTES TO TTIF. FIY.4NI'.IAI. s'fA'fF.MI-, N'rs- 'ONTTNIIED FOR TTIL I'E..IR ENDED 31ST MARI-.H 2n26 13. FIXED ASSET INVESTMENTh Sliares in groiip UndkIng5 co¥r Ai Isi Apitl 2025 Addiiions At 3 1st March 2026 Ai 31st March 2025 Therc wcre liv Invesent assels OUL8ide ihe UK. Th¢ coinpwiy'5 investhi¢nt5 Bl Ilic ba12n£e shc¢i iii the share capiial ot-coiiipanies iiitludc ilie foll[Iwing'. MlrA¢lt Thcatrn Pruduetioll$ Limitcd Natur¢ of business.. Th¢&trical Pr•duelion Company Class Trlshar¢.' 100 2026 2025 AggiEg8le ¢apital and TCS£¢VCS Mii?cl¢ I'lieair¢ Pirduclions l.imiled is a wlioll! owied subsidiary MIiiLh piDdiices Ih¢Ju'i¢al productions on behalf of Miracl¢ Tl)¢Dtrc Trllst Limited. Tlie ¢oiiipaiiy 1¥4% i11coiyorAi¢d oli 6 May 2016. Accouiils aiy liled willi th¢ Regisirw. of Compuni¢s. A summary ot'its resu115 is given below". 2026 2025 TurnovBr Cost of sales 87,067 179,Q22 1264.5081 Gross profiVl1115sI Admiiii81rative e%p¢nses 141.0091 6.7111 185.4861 122.4381 Net loss TlieDtst tax relief 147,7?71 47,727 1107.9241 107.924
MIRACI.E TII - TRF. T T LlTr¥l -ED YOTES I'() TIIF. FIWANCIAI. STA'I'EMENTS- LONTTNIIED FOR TIIE I'F.IR ENDF.D 31ST NIARC'.TI 2112 14. DEBTORS: AMOIINTS FAI.LINC. I)IIE WIT141N ONE I'EAR 2026 2025 Amounts tallingdut wiihin nne year. 'ri'adc dtbtors OIliLr debiors aiid pripiiynicllL Miracle Thcaire PFodu¢iioiis Liiiiited 946 13.548 45,631 96 69.466 106.051 ('.RLI)ITORS: AMOIINTS FALLING I)IIE IVITIIIN ONE YEAR 2026 Bank ov¢rdraA 4,210 12.745 3.7611 C).374 6.575 4,921 Qthcr cr¢diioi% and a¢civals 'raxation and CIal securily 20.723 2CI.863 16. PERATING LEASE COMMITMFNT,S Th¢ lollowing operating le24e payni¢iits coinrnitted to l)¢ paid wiuiill uiii. ycar.. 2026 2D2i Expiring.. Witliin olle yeai. 1.049 16.500 Tl)e five y¢&r lea has a l)r¢& claus¢ on each anniversary fiom its tiic¢ptioii on l June ?n25. The cominiimeni slinwn runs to ilie dai¢ ofihe break clausc.
MIRACLk TRTr. TED NOTES Tn'fTIF FINANLIAI. s'fA'I'LMFNTS- CONI'TNIIED FOR THE I'E.4R ENDED 318T T*lARI.-IT 202 17. MOVEMENT IN FiINDS TrdllstS iii ftsnds between lunds At 01104125 AI 3110312& linrestTltted fumds G¢iiei'al purpose fund Artisis. fund 169.176 16.200 190,3081 16.2QO 116.200) 95.068 Rt$tri¢ted fuThd¥ Shared Prosperily fund Ci)IMwBII C•rnmunity Found]0n- Small Miracles 7.833 17.8331 3.00(J 3.00 TOTAL FIINDS 193.209 98.068 Nct nioveincnt in tunds. included iii the atK)w¢ #re ftrllow.s.' Iii¢oThing Re5uur¢t cxpeiided CJain8 and Muveinenl in lun&s IlllrLtrlClL' flllld5 Gen¢i'al pury)0.4e Artists. tund 312,937 1403.2451 190.3081 Reslrietod fuhds Shared Pi'uspLrily Fuiid Cornwall Cominuntty Foundaunii- Stnall Miracl¢s 17.8331 17.11331 3,(K)O 3,000 TOTAL FIIYDS 315.937
MIRACI.F F.ATR RIIST LT ED NOTES TO'fiiF. blNAYC.'T AI, STATEMENTS. COYTINIIED FOR THE }.-E.R ENDED 31S1' lAR(.}I226 17. MOVEMENT Ili FIINT)S le17eI .omp#Ntivu Ioi. Tnovcm¢nt in fund5 N¢1 niov¢iMcni in lund4 beLwc¢n fuiids Al 0111)41?4 Ai i1103ns IIDr¢%tritted Jeiiei21 pun)os¢ fund At11815' lund 68.)02 110.6231 16,2(Xl 16,1(N) RcstA¢iod fuThds .%liarEd Prosperity Fund 75.673 162.26)) 15,5771 7,K33 TOTklL FI',NDS 49.034 193.209 Ner movem¢nl In luiids, includcd in Ihc obovL are as lollows-. Iiicoming rcwurc¢s Rewurces eypeiidcd Gains Jnd Movetneni iii ITnTQ%triei¢d funds G¢ilei1 puipos¢ fvnd Artists. fund 347,314 1236.0371 Re5trictcd fund5 Shared Pr(>spcritv fund 318,324 1380,5871 162,21131 I'OTAL FLINDS 665.65% 49.034 19
MIRACLE TI EATIIL. 1111.ST LI. TED NOTES T() TIIF. FINAYC.'T AI, STATEMbNTS- CO.1.[NlJED FOR TIIE I.E.R LNDED 31ST MAR('1121I26 17. MOVENIEliT ITr4 FUNDS leontintscdl A ciirrcnt y¢Jr 12 months ond piior yeDr 12 Inonilis cninbinLd posiiion is as lolloi¥s'. Nci moveincnt Translii in luiids between fumds AI 01104124 Ai J11113126 Ilnre$lri£led fulltl Cy¢ntral piiiyosc fund 6A.502 20,989 i.>77 95.068 Re5ti'i¢tcd fllThds Shared Pré)sperit)' Fund Cornwall Conimunits Foundalion- Miracles 75.673 170,0961 3,000 15.5771 144.175 146.1071 98.Q&8 I'OTAL FLIYDS A current year 12 iiioiiihs wid prior year 12 Inontiis coM)bined nct Inovement in fuiids. includ¢d in the a1ve w'e as tollows.. Tn¢omin8 Tesoiirc¢s ResTrurc&8 ¢xpend¢d Gaiiis dnd Mow¢ment i losscs runds IFr£tric.0 fuTrd5, G¢n¢ral putpos¢ fund Artists, fulld 66().271 1639,2821 20.9%9 Rtstiiclcd fuTrd5 Sliared Prosperii!. Fund Comwall Commuiiily Fou11dation- Sn)all Miizcles 318.324 3.000 1388,4201 170.0961 3.000 TOTAL FUNDS 981.i9i 1,027 702 46.107 Pun)(kSt of resiricted funds Shar1 ProspL'rfty fiund.. to support the MiT&cle Max proj¢ci b¢lMYen 2023.25 Transftrs betsve¢n fund5 During the year. rhe Bc)ard app¢d a changt in the reYrv¢s poli¥y io iii#i111aiii un1r161¢d fr6L res¢rvcS equivaleiil lo approxiNiately Ihire moiiilis, ruiining iosis. A5 IMI'I ol. Ihis review. Ilic desiw?aied res¥rve lor Iliite w¢eks' aru5ts' pay WJS IEinovcd.'fiiis reflecis the piDj¢ci.b35ed njturc Iifthe charity'£ ctiVI11¢S. wilh 8115, futurc d¢%igiialtd r¢5ei?BS bcing esiablish¢d oil a ¢ase•by-¢as¢ b5sis wlitre Dppropiiaie. 20
MIR -'l.F. l-111-.A'fRE TRII -T LIfvIITF.D YOTF.S TO TTIE FIYANCIAI. s'fATEMEYTS- LONTTNIIED FOR TIIE YEAR bNDED 31ST TWIAR 18. REI.A TED PARTTr' TrISCI,OSIJRES Th¢ charity has takw advantag¢ E)f Ihe ¢x¢inpiion, under the l¢rtn5 111. l-.inanciaS R¢pi?riing Sidndard 102 'Thc Financial R¢porLinB Sialidal applicable iii sliellK aiid Republ¢¢ ot'lreland, n(>1 its dis¢loserelaicd party transactions wilh i¥holly owned subsidi¥ries wiihiii Ilie gi'vLIP.
MIRACLE IF.A TR TRIIST LI ITED DETAII.ED STATEMbNT OF FINANCIAL CIITrTTIES F()R THE I'ÉAR ENDED31ST MARI'H 2 26 2026 2025 IliI.'OMF..4ND EYDOWMEwfs FROM ¥nd legacios Arls Coiineil ol'F.n8land CDr¢ tunding Comwall Council cor¢ fuiidi51B Shai'ed PiYw¥riiy Fund Oth¢r grants Dundlioll% nd parliicr5hips 98.306 96,748 318,324 5.000 4.11 12,4L14 124.710 436.419 Other trading 4rliVItics Ilire of cquipiii¢Dt ReheaTS14 I space incon)¢ Profit I Ilotsl oll diskX)sal of capital cquipnienl Miscellancous ineomc 100 3,866 2,791 1920) 4.062 1,579 3.956 8.647 Tnc&mc ¢hgritablt #etivitits Fees and hox offic¢ iakillBS for sliows IN5.725 205.742 Sales of programrnes In¢0111e from workshops 429 3,742 2.750 187.271 220.i92 Tthi&l incornt and endowments 31i,937 665.658 EXPENDITURE OV Other tradibs 8ctiYitLe¥ 8iippoit costs 44,138 49,14 44,138 49.140 Charitsble #rlivlties PIDductioii Costs Fees Touring CTrSts Promotioiial co%ts WoT*shop ¢ducoti()tt projects Motor and Ii'avcl expenses 114,573 1.373 90,782 38.661 230.313 8.443 107.926 69.914 4,398 .896 ?49,787 423,492 Thi.$ pa8¢ does not fojill pari i)f Ilie siaiulor), financial stattmciits 22
MJRACLE'fHEATRE TRIIST LTMIT DETAILED STATEMENT OF FINANCIAI. A(.'I-IITI-fiF.S roJi TIIE YEAR ENDLD 31ST MIIR .'112O26 2026 2025 Support coytg 32,834 5.622 40,031 2CI.770 7,628 Contractual 5tal'f Reni aiid raies Inwr411 Telephon¢ Postage Stsiioiiery otricL' IElocalion cosis Coinpulcr costs 2.627 837 787 394 12,07) 4.791 7.671 6.694 7.208 Repairs and reiiewdls Staff [Wl7¢DI cliid Irainiiig 47l) 990 4,084 6.775 71) 2.la8 4.747 5.616 17.753 Accounian¢y and bvok keepill fees Coiisuliancy 4.393 12.648 I¢¢V¢rable VAT GovernJTr¢e ¢OSl¥ 143 992 Tot•1 ¢ApcMdlture 411.1)78 616,624 tt lexpenditur¢Vintome 49.034 This page docs noi fomi pari of the stalulory, financial ilafrin¢iiis