Charity Registratlon No. 1108852 Company Registration No. 49158481England and Wales) MtRACLE NETWORK (A COIMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 MIRACLE NETIVORK CO,NTENTS OF THE FIN.4NCIAL STATEMENTS FIINANCIAL YEAR: IOI'EIIBER 2021 TO OCTOBER 2022 Content Report of the Trustees 34 Statement of Financial Activities Balance sheet Notes to the Financial Statements 9-12 Independent Examiner's report 13 MIRACLE NETWORK REPORT OF THE TRUSTEES FIIAfiCL4L YEAR: .NOI'EIIBER 2021 TO OCTOBER 2022 AIM AND PURPOSES Miracle Ne￿rk is cy)nstituted by a Memorandum of Association and Articles of Association and our aim Is to advance the teachings of Jesus Christ. This advancement is based on the spiritual texl entitled A Course in Miracles IACIM). Our purpose is to serve in honouring. sharing and encouraging a greater understanding of A Course in Miracles: to be inspired and to inspire others lo live according to its principles., to be welcoming and inclusive to all" to support the evolution of a like-minded ACIM community. OBJECTIVES AND ACTIVITIES When planning our actiwties for the year, tt)e Mirade Network has considered the Commission's guidance on public benefit. In particular, the Miracle Nottvork is committed to supporting studerrts of A Course in Miracles through the distribution of a bi-monthly magazine and a programme of online meditation meetings. workshops, talks and events. The vision that influences our annual artiwtiès is to support each other to awaken to the love and peace within us and to encourage spiritual practice. PRICING POLICY The Miracle Ne￿ork'S pricing policy reflects our intention of offering all students of A Course in Miracles the opportunity to take part in our events and to receive teathing materials. We aim to tum niFone away who wishes to attend an event and to keep prices affordable for those who can pay. We encourage donations to Support our charity work in making teachings and materials accessible to students in the UK. inctuding those on low incomes. To that end, the Miracle Network offers". 33 % discount at all events to recipients of Universal Credit and Disability Beneffts and lo full lime students. 20Yo discount on all events, mail order and online shop purchases to 'Mirade Friends, for a minimum monthly subscription rate- Exemptions upon request to those who cannot afford to pay a subs¢ripb'on for the magazine. ACHIEVEMENT AND PERFORMANCE A primary function of Miracle Neljvork is to bring ACIM students together to meet and interact with each other, listen to Course speakers, experience processes and practices, exchange insights and share their own understanding of the Course. Our achievement in the period has ken to host the following events: Yearly Conference comprising talks, meditations. activib'es wth international guests and speakers. We organized a day conference in the month of February with the title- 'True Abundance,. Six Editions of Miracle Worker magazine. published and distributed online and on paper. Themes included= 'The Miracle Cornes Quietly Into the Mind that Stops an Instant and is Still,. 'The Wodd is in Your Mind.. 'Being a Miracle Workerf. 'The World is Our Classroom,. 'Applying A Course in Mirades to Our Everyday Lives.. 'The Gifts of Forgiveness, Monthly online workshops which indudes topics such as: 'A Quiet Path., 'Healing the Pain of Separation,, 'Miracles Through Your Hands.. Monthly Miracle Cafe online meetings.. We have been doing these shorter meeting to include the topics like.. 'Forgiveness'. 'Our Sacwl Purpose.. 'God is the Light and Love in Which We Forgive, Weekly online meditation meeting-. This is run by a different SpeakerlLeader every week. This service is available for free and rt is recorded so people can watch tt on YouTube if they could not attend. Wè also run a free Sunday Study Group each week. IAL REVIEW Total receipts for the charity in the year were £43.351.00 an increase of £8,698 (250/0) on the previous year. Total expendilure for the year was £33.627.00 a decrease of £2,801 (7.50/0). resulting in a surplus of £9,724.00 in the year. Some 50 % of Miracle Network's income is provided through public donations. subscriptions and gift aid. The remaining income is generated Ihrough workshops, Miracle Cafe evenings and through the sale of ACIM-related bcoks and products. Remuneration{Service feesl Administrator ) increased by £200 in this year and also the manager hours increased by £200 in this year in compared to the last year. STRUCTURE GOVERNANCE AND MANAGEMENT Govemin document The charity is controlled by its goveming dc￿urnent, a Memorandum of Assoaation, and constitutes an unincx)rporated charity. Trustees The trustees named on page 7 have served during the year. The appointment of trustees is governed by the Articles of Associab'on of the chartty. The board of trustees is authorized to appoint new trustees to fill vacancies arising through the resignation or death of an 8￿$tIng truslee. Volunteers The Miracle Ne￿ork is very reliant on voluntary help for many of its activities and most trustees ad as volunteers. Volunteers help to support administrative. finan￿ and website services. This has helped to keep setvice costs lower than would otherwise be the case. RISK ASSESSMENT The trustees are aware ofthe main areas ofriskforthe Mirdde Network and have adequate insijrance through Professional Liabilty Insijrance to rA)ver against claims that might be made. The Irustees haveidentifiedthatfinancial sust3inabilityislhemajor riskforthecharity.Akeyelementin the managementofff nancial nskisacontinuousreviewofavailablefundstosettledeblsastheyfall due and active management of cash flows. The trustees have adequate checking facilities in place to minimize the risk of fraud and money laundering. The Trustees Miracle )etwork 204 Holcroft Court Clipslone Street London WIW SDJ MIRACLE NETWORK REFERE￿CE A￿D AD￿TIN[STRA TIVE DETAILS TRUSTEE COMMIThEE John Campbell Daniel Strodl lan Patrick James Whiling Lynne Whitehill (Resigned in December 2021) Kirsty Randle (Resigned in December 2021) Sharon Scarth (Resigned in May 2022) Registered Charlty number -1108852 Company number - 4915848 REGISTERED OFFICE 204 Holcroft Court Clipstone Street London W1W SDJ Ir¥DEPELYDEI%T ExA￿lINER Verdant Accountants 167 Clarence Avenue New Malden Surrey KT3 3TX BANKERS Lloyds Bank plc Paddington1309640) Branch PO Box 1000 BX11L MIIL4CLE NETWORK STATEMENT OF FINAf*CIAL .4cfiviTIES FINANCL4L YEAR: ,)OI'EMBER 2021 TO OCTOBER 2022 Notes Unrestncted Funds Reslricled Total Prior Year Funds Funds Funds 2022 2022 2022 2021 INCOME AND ENDOWMENTS: Donations and legacies CHARITABLE ACTNITIES: Activities in furtherance of the charity's objects 21,775 21,775 11.396 16.354 16,354 17,402 Subscriptions 5.222 5.222 5,855 Investments TOTAL INCOME 43,351 43,351 34,653 EXPENDITURE: Charitable Activities 33,627 33,627 36,428 NET INCOMEI{EXPENDITUREI 9,724 9724 11.7751 Reconciliation of Funds olal Funds BIF 10,228 19,952 10,228 19,952 12,003 10,228 Total Funds Carrled Forward Note: working I to 8 Form is part of these Account MlIL4CLE N ETWORK BALLNCE SHEET Fifi.4,%CIAL I'EAR: NOI'EMBER 2021 TO ocfoBER 2022 Unrestricted FuDds Restrlcted Total Prior Year Funds Funds Funds 2022 2021 2020 2022 URRENf ASSETS cpayments ash ai bank and in hand 2.81M) 2,800 122 21508 10786 24,308 10,908 24,308 VREDITORS mounts falling due within one year "ET CURRENT ASSETS {4356} (4356) (679} 19952 10228 ot81 ASSETS LESS CURREP*T liabilities 19.952 19.952 10.228 ET ASSETS 0 19 19,952 UNDS r￿strICted funds 19 952 10 228 OTAL FUNDS 19952 L Note: working I to 8 Forni is part of these Aceount *For the year ending 31 st October 2022. the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 'The members have not required the company to obtain an audit in accordance with section 476 of Ihe Companies Act 2006. 'The directors acknowledge their responsibilities for cDmplying with the requirements of the Companies Act 2006 with respect to accounting recor(Is and for the preparation of accounts. 'These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. . The financial statements were approved by the Board of Trustees on and were signed on its behalf by: ee Stee JAnEs eHILie wwrrwe DAKIIEL JOHN STROJX MIRACLE NETWORK )OTES TO THE FIIAN'CIAL STATAIIENT FI.NAINCIAL YEAR: JOI'EIIBER 2021 TO OCTOBER 2022 ACCOUNTING POLICIES Basis of preparing the fiDaTrcial 5tatemeDt$ and 85ses5Enent of going ￿ncern The financial statements of the charity, which is a public benefit eritity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accouth"ng and Reporting by Chartties.. Statement of Recommended Practice applicable to charities preparing their accounts in accordanco with the Financial Reporting Standard appIl￿ble in the UK and Republic of IreLgnd IFRS 102) (effective 1 January 20151,, Financial Reportrng Stsndard 102 The Financial ReFK)rting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The Iruslees ccmsider that there are no material uncertainties about the charity's ability lo continue as a going Con￿￿. Income Al income is reccKJnized in the Statement of Financial ActivFttes once the tharity has enlitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Additional Note . There is an 8¢Jdilional and exceptional nole be consKler in this year for Gift aid. Gift aid of £2795.83 was received on January 12.2022 tt was for Financial year November 2020 to October 2021. Il's been realized that It was neither a¢￿Unted in last financial year nor was des