Charits. Registrntion No. 1108852 Company Retsistralion No. 4915848 (England and W21es) MIRACLE NETWORK (A COIIPANY LIMITED BY GUARANTEE) TRtiSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Charity Resistrdtion No. 1108852 ComwJny Registration No. 4915848 (England and Wales) MIRACLE NETWORK CONTENTS OF THE FtNANCIAL STATEIMENTS For the Year Endin 31 October 2023 Content Report of the Trustees Statement of Financial Activities Balanee sheet Notes to the Financial Statements 9-13 Independent Examiner's report 14 Charity Registration No. 1108852 Company Registration No. 4915848 (England and Wales) MIIL4CLE YETWORK REPORT OF THEIILSIE For the Yeydr Ended 31 October 2023 A5V: ANI D tyl IRPOQES Miracle Ne￿Ork is consb"tuted by a Memorandum of Association and Articles of Association and our aim IStoadVan￿ the teachings ofJesus Christ. This advan￿ment is based on the spiritual text entitled A COu￿e in Miracles (ACIM). Our purpose isto serve in honouring, sharing and encouraging a greater understanding ofA Course inMiracles,"tobeinspired andto inspireothersto liveaccordingtotheprinciplesofmiracle- mindedness,-tobewelcomingand inclusivetoall-tosupporttheevolutionofalike-mindedACIM community. OBJECTIV£S AND ACTIVITIES When planning our activities for theyear, themiracle Networkhas consideredthecommission's guidanceonpublicbenefit. Inparticular,the Mirade Network iscommittedtosupportingstudents ofA Coursein Miracles throughthedistributs'on of abi-monthly magazineandaprogram of online meditation meetings, workshops. talks and events. The vision that InflUen￿S our annual activities is to support each other to awaken tothe love and peace within us and toencourage spiritual practice. An objective of Miracle Network is to seek addttional finance to maintain and improve its programmeofactivitiesandtoextend itsservicestoenable as many ACIM students as possible to further their practice with A CoU￿e in Miraclgs. PriCiTrg Po]Icy The Miracle Network's pricing policy reflects our intention of offering all students of A Course in Miracles the opportunrty to take part in our events and to receive teaching materials. We aim to turn no-one awaywhowishesto attend an event and to keep prI￿S affordable for those who can pay. We encourage donations to support our charty work in making teachings and materials accessible to students in the UK, including those on low incomes. To that end, the Mirade Ne￿ork ofFers: 33 1 discount at all events b￿Ofun1versal Creditand Disability Benefits 8nd tofulltime students., 20 % discount on all events. mail order and online shop purchases lo 'Miracle Charity Reuistratiott No. 11088i2 Company R¢gistraiion No. 4915848 {England and Wales) Friends, for a minimum monthly subscription rate- Exemptions upon request to those who cannot afford to pay a subscription for the magazine. AC4IEIIEW1,EN I PEQtrGR Vi IANUL Developments, Activities and Achievements A primary function of Miracle Nelwork is to bring ACIM students together to meet and interact with each other: listen to Course speakers, experience prO￿sseS and praclices, exchange insights and share their own understanding of the Course. Our achievement in the period has been to host the following events" Monthly online workshops: Includes topics such as Heal￿0 kn]ety A Coutse in Mu2*', Healiro Our MirKls and BcKli* Through ForgwerEss'. In SeptemLvwe hekl Ihe fitst'hE' arNJ'ZcNJn' VKMkslK¥) Cwl.'How to pw-A Practic21 guth from A Cwrse in Mwth,. One Day online Conference: comprising of talks, meditations, act5vities with international guests and speakers. We have increased the conference from On￿ to twice a year, November 2022, 'A Gentle Awakening, and May 2023, 'Living a Course in Miracles,. Monthly Miracle Cafe online meetings: We have been doing these shorter meetings to include the topics like: 'Let Love Lead the Way,, 'The Four Pillars of Love Based Communication,. 'Course Wisdom Through the Poetry of Helen Schucman, Six Editions of Miracle Worker magazine: Published and distributed online and on paper. Themes included: 'Av4*ArYJ b ￿,. 'Re￿ JL￿jenWts F￿e,. are '&vwg Darhress to ttE Ltyy. 'Peace is (ljr Nattjre,. W Tcdbj Weekly online meditation meetlngs: This is run by a different SpeakerlLeader every week. This service is available for free, and it is recorded so people can watch it on YouTube if they cannot attend. We also run a free Sunday Study Group each week. Free Resources: We have expanded our free resources which can be found easily on the Website under 'Free Resources,, these include.. Miracle Walkers linking Course Students who wish to walk together. End of Life Spirttual Support. Free videos and YouTube channel. Daily Lesson Commentaries. Study Groups. Links to other ACIM Websites. Charity RtgÈstration No. 1108852 Compan). RenistrdÉion No. 4915848 (England and Wales) rlNIA.NCIAL RE w IEIIJ Total r￿iPtS for the charity in the Yearv￿re £61391￿ an increase of £18040.00 (42 /0) on the previous year. Total expenditure for the year was £52764.00 a of £19.137 (56.91°k). resulting in a surplus of £8,627 in the year. Some 509/0 of Miracle Network's income is provided through wblic donations. subscriptions and gift aid. The remaining income is generated through workshops, Mirade Cafeevenings arml through the sale of ACIM-related books and products. Remunerats"on (Service feesl Administrator ) increased by £ 4200.00 in this year and also the manager hours increased by £6800.00 in this year in compared to the last year. Govertting document The charity is controlled by its goveming document, a Memorandum of Associab"on, and consts"tutes an unincorporated charity. I rLsiee The trustees named on page 7 have served during the year. The appointment of trustees is govemed by the Articles of Association of the charity- The board of trustees is authorized to appoint new trustees to fill vacancies arisingthroughtheresignation ordeathofan existingtrustee. Volunteers The Miracle Ne￿Ork is very reliant on voluntary help for many of its activities and most trustees act as volunteers. Volunteers help to support administrative, finance and website services. This has helped to keep service costs lower than would otherwise be the case. RISK ASQC.S5MEINT The trustees are aware of the main areas of risk for the Miracle Network and have adequate insurance through Professional Liability Insuran￿ to cover against claims that might be made. The trustees have idenkn'fied thatfinancial sustainabilityisthemajorriskforthecharity.Akeyelementin themanagement of financial risk is a continuous reviewof available funds to settle debts asthey fall due and active management of cash flov￿. The trustees have adequate checking facilities in place to minimize the risk of fraud and money laundering. Charity. Registration No. 1108852 Company Registration No. 4915848 (England and Wale5) The Trustees Miracle Iletwork 204 Holcroft Court ClipstODe Street London WIW 5DJ MIRACLE LYETWORK REPORT OF 'fHE TRiiSTEES For the Year EDded 310etober 2022 REFERENCE AIYD ADMINISTRATIVE DETAIiS TRUSTEE COMMITTEE John Campbell Daniel Strodl lan Patrick James Whiting Registered Charity number-1108852 Company number -4915848 Registered office: 204 Hol¢roft Court, ClipstODe Street. London WIW 5DJ Independent Ex2min¢r Verdant A¢count2nts 20-22 Wenlock Road. London Nl 7GU Bankers Lloyds Bank pl Paddington (309640) Branch POBOX 1000 BXI IL Charity Registrdtion No. 1108852 Company Registration No. 4915848 (England and Wales) MIRACLE NETWORK STATEMENT OF FINANCIALACTIVITIES For the Year Ended 31 October 2023 Prior Year Funds 2022 Note5 Unre$trieted Funds 2023 Restrirted Total Funds 2023 2023 INCOME AND ENDOWMENTS.. Donations and legacies 41,524 41,524.00 CHARITABLE ACTIVITIES: Activities in fvrtherance of the charity's obj'ects 16,185 16,185.00 16,354 Subscriptions 3,683 3683 5,222 Investments TOTAL INCOME 61 61392 43 EXPENDfwRE: Chafltable Activittes NET INCOMEI EXPENDITURE Reconciliation of Funds Total Funds BIF 19,952 19.952 10,228 Total Funds Carrled FoThYard 28 Note: working I to 8 Forni is part of these Aecount Charity Registration No. 1108852 Company Registrdtion No. 4915848 (England and Wales) MIRACLE NETWORK BALANCE SHEET At 310ctober 2023 Restrx¢t¢d Total Prior Year Funds 2022 Particular Notes Unrestslcted Funds 2023 2023 2023 CURRENT ASSETS Prepayments Cash at bank and in hand 2,800 30,135 30,135 24,308 CREDITORS amounts falling due within one NET CURRENT ASSETS Totsl ASSETS LESS CURRENT liabilities NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS ear -1556 -1556 4356 28,579 28,579 19,952 *Foiihevear endino ilst October2023. the Compan￿ wasentitled to exemption fromaudit under section 477 ofthe Companies .Act 2006 relatinglo small cotnpanies. *Themembershave notreqtsired the company t00b￿[n anaudit in accordance with section 476 ofthe Companies Act 2006. *The direclors acknowledge th¢irresponsibilitiesfor complying th'ith the requirements ofthe Companies Act 2(K)6M'ithre4Kct toaccountingrecordsandforthepreparation of accounrs. *Theseaccountshavebeenprepared inac¢ord8ncewithth¢provisionsapplicabl¢io companies subject to the Sm￿1 companie5 T¢gime. * The financial statements were approvedbytheBoardoffrusteeson a tyi ( Ifl gi andwere signed on its behalfby: rustee Notes= I to 8 forni part of these accounts Trustee Charity Registration No. 1108852 Comtydny Regisiration No. 4915848 (England and Wales) Ivl;-arle Ixetii."ork NOTES TO THE FINANCIAL STATEMENTS FOR YIE ON 3111012023 ALCOONTII Basis of preparing the financi21 statements Ind assessmenl of going eoncer Thefinancial statementsofthecharity,which isa publicbenefilentityunderFRS 102, have been prepared in accordance with the Charities SORP {FRS102) 'Accounting and Repottng byCharib"es" Ststement ofRecommended Practi applicable to charities preparing theiraccounts in accordance wrththe Financial Reporting Standard applicableinthe UKand Republicof Ireland{FRS102) (effective 1 January 2015),, Finanual Reporting Standard 102 'The Financial Reporting Standard applicable in the UKand Republic oflreland, andthe Charities Act 2011. The financial statements have been prepared underthe historical costconvention. Thetrustees considerthatthere are no material uncertainties about the charity's ability to continue as a going concern. Income All income is recognized inthe Statement of Finanaal Activities once the charity has entitlement to thefunds, itis probablethatthe incomewillbe received. and theamountcan bemeasured reliably. We would like to draw the attention for the Gift aid due from HMRC. which we claim every year. As we could not get the figured due to unforeseen circumstances, we had to prepare the accounts without accrued income of Gift Aid. Expenditure Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under heading5 that aggregate all costs related to the category. Where costs cannot be directly attributedtoparticularheadings, theyhave been allocated to activities on a basis consistent with the use of resources. Taxation- The charity is exempt from tsx on its charttable activities. Debtors Trade and oth¢r debtors are recognized at the settlement amount. Prepayments are valued at the atnount prepaid. Cash at bank and in hand Cash at bank and in hand includes cash and current bank accounts. Creditors Creditors are recognized where the charty has a present obligation resulting Charttv Regi5tralion No. 1108852 Cofflpany Registration No. 4915848 (EnglJnd and Wales) from a past event thatwillresultinthetransferoffvnd8toathird patyandthe amount due to settle the obligation can be measured or estimated reliably. Creditors are recognized attheir settlement amount. Fund accounting Unrestricted funds can be used in accordan￿ withthecharitable objects'ves at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. NOTES TO THE FINANCIAL STATEMENTS- CONTINUED for the Year Ended 31 October 2023 Unrestricted Funds- 2022- 21)23 2. Actiytties in the fvrther care of the Charity's Objerti¥e5 Nov 2022. O¢t 2023 No¥ 2021 . Ott 202£ PY Income 400 Advertisin Incrffie 2308 50 2308.50 1265.00 415 Donat*¢)n Incl StsThJ Ord¢ 2TJ03.89 27303.89 10859.61 417 1)on¥bon-Glft Aid do not use 415 Donations Incl StandlTr Orders 9275.% 9275.56 9066.80 o.Tr) 1700 Total 41S Donatlon Incl siand Orde 36579 45 36579.45 19743.21 419 Confèr8nce 2022 Income 2WOO 2e83.00 2032.23 420 Download$ & Recofdip 769. 765.90 417.75 422 Conferente In¢¥J￿ 2061.(¥J 21131.00 425 HMRC Gift Aid De O.OD 5436.50 430 Qrder 1835 44 1635.44 2292.46 435 Mifacle Café 2718 36 2716.36 2201 52 440 Posts 457.49 457.49 fj48.25 445 Subscrf ¥ons Includ* Slos 3967 447 SU1￿11 ons. Gift Aid 1K21.C 162t. 1254 OQ Total 445 Sybscri ons tncludo Slos 3683.￿j 6221.98 450 Wolksh In¢omo 8095.43 8095.43 4092.00 rotal In¢om¢ 61391 61391.57 43350.88 T¢tsl 61391.5T 81391.57 43350.88 3.Ex enditures 51OM Ex 287.35 287.35 186.30 530 Ma n* Prtnt Costs 7070.60 7070.60 6050 00 600 Mlracle Caf• Ex 799.07 799.07 586.73 700 W0￿Sh Ex 2817. 2817_96 855.59 Charih. Registration No. 1108852 Company Registration No. 491 i848 (England and Wales) 710 INorkshop Exputsès. Speaker Fees 3240.10 3240_10 2018.19 819 Conference 2022 Ey ndiltsres 334 23 823 Conferente É¥ 13TJ.YJ 1323.90 910 Administrator Hours 11400.00 114LK).00 7200.00 920 Mana er Hours 1520D.OD 15200.00 8400.00 931 Mail Orde* Posta Costs 371.06 371.C6 505.71 933 Mail Qrder Purchases 1621.96 1621.£6 2024.45 940 Com ebsite 4645.54 4645.54 186698 945 TÈle hO[￿broadband 971.39 971.39 1205 99 950 Cardnet Ex 186.28 186.28 368 69 955 8ank Cha 1(M)4 32 541.18 956 Stri Fees 8.13 1 813 98.53 957 Pa l Fees 151.11 184.09 958 Insurance 130.22 1￿.22 124.06 960 office Ex 687.71 687_71 686 33 962 Meetln efreshmpnis 427.70 427.70 965 AG¢ountsftc and examÉrws fee5 420.00 :. 420.00 999 Mis¢ Ex 32.20 Totsl Ex nditures 527M.40 52764.40 3362T.25 Net O gratin Income 8627.17 8627.17 9Y23.63 Net Incomel enditure 8627.17 8627.17 9723.63 Particular Notes Unrestrirted 2023 Restricted Fund5 2023 Total Funds 2023 Prior Year Funds 2022 4. CURRENT ASSETS Prepa menls Cash al bank and in hand 2,81JQ 30.135 30,135 30,135 24,308 5. CREDITORS amounts falling due within one year NET ASSETS -1556 -1556 4356 Charity Rcgistration No. 1108852 Company Registration No. 4915848 {England and Wales) At 111112022 Net Movement in FLtnds 3111012023 Unrestricted fvnd TOTAL FUNDS 19.952 8,628 28.580 28 Net movement in funds, included in the above are as follows: Resources Net Movement in Funds Incomi Resources Unrestricted fund TOTAL FUNDS 61.392 52,764 8.628 At 111112021 Net Movement in Comparativesformovement in funds Fund5 3111012022 Unrestrlcted fund TOTAL FUNDS 19,952 10.228 9,724 MIRACLE NETWORK NOTES TO THE FINANCIAL STATEMENfs - CONTINUED for the Year Ended 31 October 2029 7. Trustees Remuneration Provision forr¢muneration totrustees isauihorized inthememorandum ofAssociation and Articles of Association. show'n belo￿ as'"servi¢¢ f¢e" . Charitv Registration No. 1108852 Comwy Registration No. 4915848 (England and Wales) Summary of payment to Trustees - Expenses Unrestricted Funds 2023 2022 Particular l. Trustee Remuneration D. Slrodl (service fee fr>r management time) 15.2 15,200 8400 2.Ex ense reimbursements b cate Com ulin websTte Tele hone- broadband Office Ex Wortosho azine Ex 2816 906.71 217.06 180.62 2816 906.71 217.06 180.62 253.75 491 1147 273 430 enses Ex nses Ma nses 253.75 186 Total Expenses Reimbursed 4374 4374 2527 8. Related Party Remuneration The Miracle Network AdmÉnistrator is a contractor and partner of a trustee Unrestricted Funds 2022 2021 1. Related Pa Remuneration Administrator service fee 11,400 11,400 7,200 . The expenses Reimbursed to Administrator is Nl The Charitv has no ultimate controlling party INDEPENDENT EXAMINER'S REPORT Independent examinerfs report to the trustees of The Miracle Network, Company no: 4915848 and Charity no: 1108852 I report on the finanaal 5tatwnents of the above thanty la company bmrted by guaranteel for tre year en¢Jed 31 October 2023. which compnse the staternenl of F￿an¢￿al ￿tiri￿e5. Batance Sheet and related notes. Respective responsibilities of trustees and examiner The trustees whD 8re also direaors ol the c￿npanY for Ihe pufj)oses ol company law. are responsible fot tho eParatI￿ of the acco￿1$ In a(rA)rdanrA the Chan)es Ac* 2011 1.the Act'l. The Charity'5 tsustees consider th8t an audit %5 not feqL5ired fw trHS yeaf under secaton 144 of the aFMI that an independent examinat40n is needed. It is my responsibl￿'ty to examine tbe accounts Sec*￿ 145 Irf the Charities Ac( fc41ow the applicable Direcbons gven hy Charity Commisston under seth.cm 14515llb) of the Act and stale vA7etheT parti¢ul3r Fnatters have corne to rny attenb'on. Basis of independent ¢xarniner's report My examination was caryTed out in aCcOrdar￿ wth the gener* CR"recb"ons gNen by the Charity commis￿on. An exarninatson indudes a review of the accounting records kept by the tharty and a compartson ol the accounts p￿sented with those records. It also Indudes con5iderabon of any unusual items or disdDsures In the accounts, and seeking expjanations trorn the trustees ron¢emtng aty suol matters. The pr￿dureS undertaken do not provide all the evidencethat wouhy l)e required in an audit and conseqLEnUy rK) op.nion is given as to whether thtr accounts present a 'tnJe end f8ir' view andthe reiNM is b"miteil lo those matters set out in the st8teFnent below. Independent examinerfs statement In c￿neCtion th my examin31son. rLO mètaial matters have cJJne to my attention which gNes Cause to believe that in. ary rnateiial respecl". the acwJnting recLJrds were not kept in accordan￿ wth seclton 386 Df the Companies A 12CQ61", or the accounts do not ac£ord wlh Ihe 3(xxyJnting recoF