``` REGISTERED COMPANY NUMBER: 04669640 (England and Wales) REGISTERED CHARITY NUMBER: 1103048 ``` ``` Report of the Trustees and ``` ``` Unaudited Financial Statements for the Year Ended 31 December 2024 ``` ``` for ``` ``` The Micah Network ``` ``` The Micah Network ``` ``` Contents of the Financial Statements for the Year Ended 31 December 2024 ``` |||**`Page`**|| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`6`| |**`Independent Examiner's Report`**||`7`|| |**`Statement of Financial Activities`**||`8`|| |**`Balance Sheet`**||`9`|| |**`Notes to the Financial Statements`**|`10`|`to`|`13`| ``` The Micah Network ``` ## **`Report of the Trustees for the Year Ended 31 December 2024`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their reportwiththefinancialstatementsofthecharityfortheyearended31December2024.Thetrustees have adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ``` Thisannualreportbeginswithareviewofnetworkforumsandgroupsin2024,andanupdateon membership. ThereisasummaryofthestrategicoverviewofMicahGlobal,andahigh-levelstatementofplanned 2025 activitiesinlinewiththisstrategy.Thereportendswiththelegal,governanceandmanagementstructures of the charity. ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Micah Global Strategic Overview 2024 -2026`** ``` Duringthelastquarterof2023,theBoard,Secretariatandarepresentativegroupofactive members developeda strategicplanandrefinedourvalues,visionandmission.Thisstrategicplanserveduswellin 2024 and continues into 2025: ``` ## `Our Identity` ``` Micahisaglobalnetworkwhosemembersareinvolvedinhumanitarian,development,environmental and advocacy work. ``` ## `Our Shared Faith and Calling` ``` MicahmembersareChristianswhoarecalled,invariousways,tousherintheabundantlifethatJesus Christ offers all people. ``` ## `Our Values` ``` Micah members commit to the following values, taken from our naming verse, Micah 6:8: o Acting justly ``` ``` o Loving mercy o Walking humbly with our God ``` ## `Our Vision` ``` An inspired and collaborative Christian faith creating a just, compassionate and sustainable world. ``` ## `Our Mission` ``` In contributing to the attainment of our vision, Micah focuses on the following 3 areas of network activity: 1. Strengthening members' work and collaboration within a missional framework. ``` `2. Strengthening the Church for acts of justice and mercy.` `3. Advocating against issues causing poverty, marginalisation, conflict and environmental crises.` ## **`Strategic Focus Areas 2024 - 2026`** ## `1. Micah's Network Ecosystem` ``` Sustainingavibrantnetworkecosystemwheremembersareactiveinthematicandcountrygroups; online andonsiteforums;theonlinehubnetworkingplatform.(NOTE:Thismayincludeanythemesrelated to humanitarian, development, environmental and advocacy work that members are engaged in.) ``` ## `2. Local Humanitarian Response` ``` Strengtheningthecapacityofmembersandothercollaborators(includingchurches)throughlearning and joint action, enabling increasingly localised humanitarian responses. ``` ## `3. Global and Local Advocacy` ``` Strengthening the role of members in advocacy and running global and local campaigns. ``` ## `4. Theological Reflection & Learning` ``` Connectandbuildthecapacityofmemberstheologically.Identify,joinandstrengthenexisting theological groups and conversations related to holistic mission. If necessary, start new conversations. ``` ``` Page 1 ``` ``` The Micah Network ``` ## **`Report of the Trustees for the Year Ended 31 December 2024`** ## **`OBJECTIVES AND ACTIVITIES`** ## **`Strategic Focus Area Activities for 2025`** ``` 1. 1. Micah's Network Ecosystem, Goals 2025: ``` ``` 1.2MicahHub-Migrate100%ofmembersontotherelaunchedMicahHubandutilisethehubasthe primary point of contact, communication and engagement for members. ``` ``` 1.3Country&RegionalGroups-Identifycountryconveners,activateandlaunch5countrygroups and conductthreeregionalConnectsby31December2025,guidedbyarevisedandformalisedCountry and Regional Group Guide. ``` ``` 1.4Forums-Identifyrelevanttopicsandpresentersandconduct28forumstoempowermembersand enrich their network experience by 31 December 2025. ``` ``` 1.5ThematicGroups-StrengthenHumanitarianResponse,AdvocacyandRenewourWorldGroups, and activate at least two new groups in 2025, including trafficking and children groups. ``` ## `2. Local Humanitarian Response, Goals 2025:` ``` 2.1HumanitarianResponseForumand Training- TheHumanitarianResponse(HR) SteeringGroupto agree and oversee the delivery of online and onsite HR training and other forums. ``` ``` 2.2OnlinecollaborationaroundHumanitarianResponse-IncreaseHumanitarianResponse Group engagementandcollaborationonMicahHub(Micahmembers'networkingplatform).UtiliseMicahHub as the go-to place for HR conversations, information sharing and storing learning resources for members. ``` ``` 2.3Collaborationwithmemberorganisation-Explore1-yearpartnershipagreementandworkplan with Integral Alliance as the basis for an ongoing partnership. ``` ## `3. Global and Local Advocacy Goals 2025:` ``` 3.1Part-timeCoordinator-Recruitapart-timeAdvocacyCoordinatoraspartoftheMicahSecretariat to support the growth of the Micah Advocacy Thematic Group. ``` ``` 3.2Forums-Identifyrelevanttopicsanddeliveronlineandonsitetrainingandotherforumsasagreedby the Micah Advocacy Steering Group. ``` ``` 3.3OnlinecollaborationaroundAdvocacy-IncreaseHumanitarianResponseGroupengagement and collaborationonMicahHub(Micahmembers'networkingplatform).UtiliseMicahHubasthego-toplace for advocacy conversations, information sharing and storing learning resources for members. ``` ``` 3.4PlansforGlobalAdvocacyCampaignsin2025-DevelopplansandlaythefoundationforaMicah global campaign to be launched in February 2025. ``` ## `4. Theological Reflection and Learning Goals 2025:` ``` 4.1MicahTheologyGroup-IdentifykeycontributorsandstakeholdersandformtheMicahTheology Thematic Group, defining the scope, objectives and plans for 2025. ``` ``` 4.2Onsiteandonsiteevents-Hostvariousconversationandlearningeventsformembersinterested in theological reflections. ``` ``` 4.3OnlinecollaborationaroundTheology-IncreaseTheologyGroupengagementandcollaboration on MicahHub(Micahmembers'networkingplatform).UtiliseMicahHubasthego-toplacefor theology conversations, information sharing and storing learning resources for members. ``` ## `5. Organisational Support` ``` Inadditiontothe4deliverygoalsmentionedabove,thereareorganisationssupportfunctions (strategic enablers) are also receiving attention: ``` ``` Page 2 ``` ``` The Micah Network ``` ## **`Report of the Trustees`** ## **`for the Year Ended 31 December 2024`** ## **`OBJECTIVES AND ACTIVITIES`** ``` 5.1MarketingandFundraising-raisetheprofileofMicahwithinourexistingmembership,andoutsideof the network.Identifybothindividualsandgrantmakingbodieswhoshareourvaluesandsupportouraims who can give financially either on a one off or regular basis. ``` ``` 5.2Secretariatdevelopment-developourcurrentSecretariatteamthroughtrainingopportunities, carrying outregularstaffappraisalsandprovidingtheopportunityforongoingfeedback.Monitorstaffinglevels to ensure the correct balance of skills and availability to be efficient and effective. ``` ``` 5.3Boarddevelopment-ensureaneffectiveandinspiredBoardthatprovidestheguidanceand support requiredbytheSecretariat.Reviewthenumber,skillsandmixofBoardmemberstoensure adequate representationofgender,expertiseandgeographicallocation.Identifytrainingrequirementsand consider succession planning. ``` ## **`Network Structures`** ``` During2021and2022,extensivechangesweremadetothenetworkstructuresofMicahGlobal,building on ourcommitmenttobemember-led,digitallyenabled,andanetworkratherthanamovement.In2023, this resulted in the following network structures being agreed: ``` **----- Start of picture text -----**
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`1.` **`Micah Forum`** `s which are online or onsite spaces of any duration where members meet. There are three types of Forums: Micah Connect, Micah Learn and Micah Chapel.` `2.` **`Micah Groups`** `which may be geographic (comprising Regional Groups, Country Groups and Local Chapter) and thematic groups on any topic of interest to a group of members (e.g. humanitarian response, advocacy, disability in clusion, anti-human trafficking).` `3.` **`Micah Hub`** `which is the online platform for Micah members to share news, resources, have conversations, find one another and connect to the activities of Forums and Groups.` ``` Micah is governed by a Board of members and facilitated by a Secretariat. ``` ``` Page 3 ``` ``` The Micah Network ``` ## **`Report of the Trustees`** ## **`for the Year Ended 31 December 2024`** ## **`ACHIEVEMENT AND PERFORMANCE`** ## **`Network Activities 2024`** ``` Below are activities that were implemented in 2024. ``` ## **`Forums`** ``` 2024 saw the continuance of online and onsite member gatherings, as defined in the strategy above. ``` ## **`Micah Connect`** ``` MicahConnectisformemberstoconnect,network,pray,discuss,and"situnderatreetogether"and explore questionsthatmatterto members.5 x MicahConnectforumstookplaceduring2024.(not includingthe Micah Connects for Lausanne). ``` ``` MicahConnectNorthAmerica:11June2024ThisConnectwasheldatEasternUniversity,Philadelphia and wasattendedby 23delegates.Thepurposewasan initial,exploratoryon-sitemeetingofmembers (facilitated bytheMicahSecretariat)todiscernawayforwardinexploringthepossibilityandpurposeofadefined North America Region within Micah, and of USA and Canada Country Groups. ``` ``` Theparticipantsweredividedinto4groupstodiscussthequestion,"Howdo weseeSolidarity,Learning, Action and Reach playing out in the North American context?" ``` ``` Membersinattendanceagreedtoforma workinggrouptocarryforwardthediscussionsanddevelopment of MicahConnectNorthAmerica.ArepresentativefromWheatonCollege,WorldReliefandWilliam Carey InternationalUniversityagreedtobeontheworkinggroup.DeborahHancoxoftheMicahSecretariatwill help to coordinate the activities of this group. ``` ``` MicahConnectAsiaforHumanitarianResponse:11-13November2024ThisonsiteConnectheld in Kathmandu,Nepal,waswellattendedbybothlocalNepalesemembersandpartners,and75 international delegatesfrom17countries.Plenaryspeakersfortheeventcamefromthefollowingorganisations:Food for theHungry(Indonesia),ARochaInternational(India)andAsiaPacificBaptistAid(SriLanka). Participants expressedpositivefeedback,particularlyregardingthefieldvisitsandtheconfidencegainedbythe Nepal teaminorganizinganinternationalevent.TherewassuccessfulcollaborationamongNepalcountry group membersandtheMicahSecretariat.Thefinancialoverviewshowedthattheeventnearlybrokeeven,with a minor$400deficitcoveredbycontributionsfromNepalcountrygroupmembersandfinancialsupport from international delegates. ``` ``` Lookingahead,plansincluderevitalizingsub-regionalnetworks,promotingsharedlearnings, inviting participantstojointheIntegralMissionForum,andorganizingthenextAsia Connectevent.Actionitems were assignedtofacilitatenetworkingbetweencountryconvenersandestablishinganAsiasteeringgroup to ensure continued collaboration. ``` ## **`Micah Chapel`** ``` MicahChapelisa placetowithdrawfromthebusynessofworklifetosharetestimonies,meditateon scripture, reflect, pray and worship together. 10 x Micah Chapel forums took place in 2024. ``` ## **`Micah Learn`** ``` MicahLearnistheplacewheremembersgathertolearnfromoneanotherandfromoutsidespecialists on topicsrelatedtorelief,development,careandadvocacy.Thismaytaketheformofastructured course offering,ormoreinformalandinteractivepeer-to-peerlearning.5MicahLearnforumstookplacein2024 (4 were facilitated by the HRTG). ``` ## **`Groups`** ## **`Country Groups`** ``` CountryGroups,representingthecontinuedevolutionofwhatusedtobecalledNational Expressions, continuedtobedefined.CountryGroupConvenersinAfricametonlineonseveraloccasionstodiscuss their respectivecountrygroups.CountrieswithnamedMicahConvenersinAfricaincludeKenya,Tanzania, Burundi, Rwanda,DRC,Zambia,SouthAfrica,Cameroon,NigeriaandCoted'Ivoire.CountriesinAsiawith named conveners include Pakistan, Nepal, India, Bangladesh, Sri Lanka, Singapore and the Philippines. ``` ## **`Regional Groups`** ``` Africagroupwasformedin2023andhadregularmeetingsthroughout2024,workingonmattersof common interest. Conversations about Europe, Asia, Latin America and North America are taking place. ``` ``` Page 4 ``` ``` The Micah Network ``` ## **`Report of the Trustees for the Year Ended 31 December 2024`** ## **`Thematic Groups`** ``` ThematicGroupsrepresenttheprimaryareasoffocusofMicahGlobalmembers.Theseinclude humanitarian response,development,creationcareandadvocacy.Itisenvisagedthateachofthesefourareas will develop member-led, Secretariat coordinated Thematic Groups. ``` ## **`Micah Hub`** ``` TheMicahNetworkingPlatformwaslaunchedin2022asapurelyonlineForumwherememberscanfind and connectwithoneanother.Theycanmakethemselvesknown,bringcontributionsofvariouskinds, and interact.Itistheplacewherenews,events,resourcesandotherinformationissharedandfrom where thematicandcountrygroups,networkforumsandmembereventscanbeeasilyaccessed.Bytheend of 2024, there were 470 member individuals registered as users on the platform. ``` ## **`Membership`** ``` In2024,Micahhadapproximately293activememberorganisationsand130individualmembersacross all continents.Inthesameyear,MicahGlobalwelcomed31newmembers:20organisationalmembersand 11 individual members, from 18 different countries. ``` ``` Membershipdatahasbeenmigratedontoasinglemembershipdatabasesystem/platformtoallow for secureandtimelyinformationmanagement.Themembershipdatabasecurrentlyhas1,173contacts listed who are in member organisations. ``` ## **`FINANCIAL REVIEW`** ## **`Financial Review`** ``` During the year the charity received total income of £184,160 (2023: £93,301). During the year the charity's total expenditure was £160,570 (2023: £145,098). ``` ``` Cash flow was monitored throughout the year and reported to the Board monthly. ``` ``` Anannualbudgetismadeeachyearbasedpartlyonthepreviousyear'sincomeandexpected member subscriptionsanddonations.A levelofriskisalwayspresentasourmembershipmaychange,and subscription invoicesmaynotbepaid.Ourreservespolicyoffersadegreeofprotectionalongwiththeacceptance to membershipofnewmembersandtheongoinggenerosityofexistingmembers(especially individuals). Monthly financial reports are sent to the Board and are regularly reviewed against budget for the year. ``` ``` Despitereportinga goodlevelofincome,2024wasa difficultyearfinancially,andMicahendedtheyear with fundswellbelowitsreservespolicytargetof£30,000.Themaincauseofthiswasitsmembersalsohaving a challengingyear.Asthisfinancialunderperformanceemerged,expenditurecutswereimplemented. The 2025budgethasbeenconfiguredtoensurethatthefundspositionmakesprogressduring2025towards the reservespolicytarget.Inaddition,itisplannedtoincreaseitsfundraisingactivitiesbeyondour annual membercontributionstoallowustoexpandourNetworkactivityanddevelopnewinitiativessuch as additional Thematic and Country groups. Some of these activities will require additional fundraising. ``` ``` Micahwouldliketotakethisopportunitytothankeveryoneinvolvedfortheirgenerosityandsolidarity around the Micah vision. ``` ## **`Reserves policy`** ``` Thecharityaimstohavesufficientreservestobeabletorespondtoneedsastheyarisebutotherwiseaims to passonfundsasquicklyaspossible.Duetotheclassificationofsomeofourincomeandgrantfunding as restrictedfundsin2024,weendedtheyearwithabalanceonourunrestrictedfundsof£3,351.Our reserve policycommitmentisforasurplusof£30,000andduring2025wewillmonitorthiscloselyandworkto increase this balance back to our reserve policy target. ``` ``` Page 5 ``` ``` The Micah Network ``` ## **`Report of the Trustees for the Year Ended 31 December 2024`** ## **`FINANCIAL REVIEW`** ## **`Risk Assessment`** ``` Thecharityhasinternalcontrolsthatprovidereasonableassuranceagainsterrorsorloss.TheTrustees also considertheriskassessmentforthecharityandaresatisfiedthatallsignificantriskshavebeen considered together with prudent mitigation measures and action points and this assessment is regularly reviewed. ``` ## **`Public Benefit`** ``` TheTrusteeshaveconsideredtheguidanceprovidedbytheCharityCommissionregardingpublicbenefit and theworkofthecharity.ItistheiropinionthatTheMicahNetworkhasfulfilleditspublicbenefitrequirement for theyearbycontinuingtooperatewithinitscharitableobjectives:providinganetworkforindividuals and organisationsoperatingacrosstheglobeintheareasofhumanitarianresponse,development,creation care and advocacy ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Structure, Governance and Management`** ``` ThecompanyisaRegisteredCharitynumber1103048andislimitedbyguarantee.Itoperatesas Micah Globalandisknownbythatname.Thecompanynumberis4669640.Thegoverninginstrumentis the Memorandum and Articles of Association. ``` ``` ThecharityisgovernedbyaBoardofTrusteesandasmallerExecutiveCommittee(madeupof3 Board membersandtheGlobalDirector)whomeetregularlythroughouttheyear.Newtrusteesareappointed by voteoftheexistingtrustees.TheBoardmet6times,andtheExecutivemet12timesduring2024;minutes are kept of each meeting. ``` ``` DaytodaymanagementofthecharityisprovidedbyaSecretariatofsixstaffwithanFTEof3.1 (December 2024):GlobalDirector,OperationsDirector,MembershipCoordinator,HumanitarianResponse Coordinator, CommunicationsManagerandFinanceandComplianceOfficer.TheSecretariatismadeupof employees and contractors. The Global Director is part of the Executive Committee and is invited to Board meetings. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`** ``` 04669640 (England and Wales) ``` ## **`Registered Charity number`** ``` 1103048 ``` ## **`Registered office`** ``` Unit 3 Birtley Courtyard Bramley Surrey GU5 0LA ``` ## **`Trustees`** |**`Trustees`**|| |---|---| |`Ms C MacMillan (Canadian): Chair`|`S K Nyaga (Kenyan)`| |`E-L Chng (Singaporean)`|`R Perez (Peruvian)`| |`S DiPasquale (American)`|`Ms R Valerio (British) (resigned 13 January 2025)`| |`M Moraes (Sri Lankan) (appointed 12 March 2024)`|`P Wilkerson (Australian)`| |`A D Boul (British): Secretary and Treasurer (resigned 12 May 2025)`|| ## **`Company Secretary`** ``` A D Boul ``` ``` Approved by order of the board of trustees on 12 May 2025 and signed on its behalf by: ``` ``` C MacMillan - Trustee ``` ``` Page 6 ``` ``` Independent Examiner's Report to the Trustees of The Micah Network ``` ## **`Independent examiner's report to the trustees of The Micah Network ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 31 December 2024. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the 2006Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyour charity's accountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarryingout my examinationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection with the examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or` `4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be reached. ``` ``` Andrew Skilton, ACA ``` ``` 12 May 2025 ``` ``` Page 7 ``` ## **`The Micah Network`** ## **`Statement of Financial Activities for the Year Ended 31 December 2024`** |`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`123,819`**
`Other income`
**`2,265`**
**`Total`**
**`126,084`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable`
**`135,378`**
**`NET INCOME/(EXPENDITURE)`**
**`(9,294)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`12,645`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`3,351`**|`Restricted`
`funds`
`£`
**`51,263`**
**`6,813`**
**`58,076`**
**`25,192`**
**`32,884`**
**`-`**
**`32,884`**|**`2024`**
**`Total`**
**`funds`**
**`£`**
**`175,082`**
**`9,078`**
**`184,160`**
**`160,570`**
**`23,590`**
**`12,645`**
**`36,235`**|`2023`
`Total`
`funds`
`£`
`91,256`
`2,045`
`93,301`
`145,099`
`(51,798)`
`64,443`
`12,645`| |---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 8 ``` ``` The Micah Network ``` ## **`Balance Sheet`** ## **`31 December 2024`** |`Unrestricted`
`Restricted`
`fund`
`funds`
`Notes`
`£`
`£`
**`CURRENT ASSETS`**
`Debtors`
`5`
**`1,056`**
**`-`**
`Cash at bank and in hand`
**`5,245`**
**`32,884`**
**`6,301`**
**`32,884`**
**`CREDITORS`**
`Amounts falling due within one year`
`6`
**`(2,950)`**
**`-`**
**`NET CURRENT ASSETS`**
**`3,351`**
**`32,884`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`3,351`**
**`32,884`**
**`NET ASSETS`**
**`3,351`**
**`32,884`**
**`FUNDS`**
`7`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|**`2024`**
`2023`
**`Total`**
`Total`
**`funds`**
`funds`
**`£`**
`£`
**`1,056`**
`977`
**`38,129`**
`14,548`
**`39,185`**
`15,525`
**`(2,950)`**
`(2,880)`
**`36,235`**
`12,645`
**`36,235`**
`12,645`
**`36,235`**
`12,645`
**`3,351`**
`12,645`
**`32,884`**
`-`
**`36,235`**
`12,645`| |---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006 for the year ended 31 December 2024. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies subject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon12May2025 and were signed on its behalf by: ``` ``` C MacMillan - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 9 ``` ``` The Micah Network ``` ``` Notes to the Financial Statements for the Year Ended 31 December 2024 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102, havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS 102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements have been prepared under the historical cost convention. ``` ## **`Income`** ``` All incomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey 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`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ## **`2. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024nor for the year ended 31 December 2023. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31December2024norfortheyear ended 31 December 2023. ``` ## **`3. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` ||**`2024`**|`2023`| |---|---|---| |`Staff`|**`4`**|`4`| ``` No employees received emoluments in excess of £60,000. ``` ``` continued... ``` ``` Page 10 ``` ``` The Micah Network ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |||`Unrestricted`|`Unrestricted`|`Restricted`|`Restricted`|`Total`| |---|---|---|---|---|---|---| |||`fund`||`funds`||`funds`| |||`£`||`£`||`£`| ||**`INCOME AND ENDOWMENTS FROM`**|||||| ||`Donations and legacies`|`80,915`||`10,341`||`91,256`| ||`Other income`|`2,045`|||`-`|`2,045`| ||**`Total`**|`82,960`||`10,341`||`93,301`| ||**`EXPENDITURE ON`**|||||| ||**`Charitable activities`**|||||| ||`Charitable`|`108,446`||`36,653`||`145,099`| ||**`NET INCOME/(EXPENDITURE)`**|`(25,486)`||`(26,312)`||`(51,798)`| ||**`RECONCILIATION OF FUNDS`**|||||| ||`Total funds brought forward`|`38,131`||`26,312`||`64,443`| ||**`TOTAL FUNDS CARRIED FORWARD`**|`12,645`|||`-`|`12,645`| |**`5.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||||| |||||**`2024`**||`2023`| |||||**`£`**||`£`| ||`Prepayments and accrued income`|||**`1,056`**||`977`| |**`6.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||||| |||||**`2024`**||`2023`| |||||**`£`**||`£`| ||`Accruals and deferred income`|||**`2,950`**||`2,880`| |**`7.`**|**`MOVEMENT IN FUNDS`**|||||| |||||`Net`||| |||||`movement`||`At`| |||`At 1.1.24`||`in funds`||`31.12.24`| |||`£`||`£`||`£`| ||**`Unrestricted funds`**|||||| ||`General fund`|**`12,645`**||**`(9,294)`**||**`3,351`**| ||**`Restricted funds`**|||||| ||`Micah Hub`||**`-`**|**`3,616`**||**`3,616`**| ||`Renew Our World`||**`-`**|**`29,268`**||**`29,268`**| ||||**`-`**|**`32,884`**||**`32,884`**| ||**`TOTAL FUNDS`**|**`12,645`**||**`23,590`**||**`36,235`**| ``` continued... ``` ``` Page 11 ``` ``` The Micah Network ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2024`** ## **`7. MOVEMENT IN FUNDS - continued`** ``` Net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Micah Thematic Group`
`Micah Hub`
`Renew Our World`
`Augustine Fellowship`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
**`126,084`**
**`(135,378)`**
**`(9,294)`**
**`5,982`**
**`(5,982)`**
**`-`**
**`15,158`**
**`(11,542)`**
**`3,616`**
**`30,123`**
**`(855)`**
**`29,268`**
**`6,813`**
**`(6,813)`**
**`-`**
**`58,076`**
**`(25,192)`**
**`32,884`**
**`184,160`**
**`(160,570)`**
**`23,590`**| |---|---| ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above ar`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1.1.23`
`in funds`
`31.12.23`
`£`
`£`
`£`
`38,131`
`(25,486)`
`12,645`
`26,312`
`(26,312)`
`-`
`64,443`
`(51,798)`
`12,645`
`e as follows:`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`82,960`
`(108,446)`
`(25,486)`
`10,341`
`(36,653)`
`(26,312)`
`93,301`
`(145,099)`
`(51,798)`| |---|---| ``` continued... ``` ``` Page 12 ``` ``` The Micah Network ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2024`** ## **`8. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 December 2024. ``` ``` Page 13 ```