Charity Regyistration No. 1108852 Company Registration No. 4915848 (England and Wales) MIRACLE NETWORK (A COMPANY I.IMITED B Y GUARANTEF.) TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
Charity Rligyistration No. 11088)? Coinpany Registration No. 4915848 (England and Wales) MIRACLE NETWORK CONTENTS OF THE FINANCIAL STATEMENTS For the Year Endin 31 October 2024 Content Report of the Trustees Statement of Finuncial Aetivitles Balance sheet Note5 to the Financial Statements Independent Examiner's report 12
Charit), Regyistration No. 1108852 Coinpany Registration No. 4915848 (England and Wales) The Trustees Miracle Network 204 Holcroft Court Clipstone Street London WIW SDJ MIRACLE NETWORK RF,PORT or THE TRUSTF,ES For the Year F.iided 31 October 2024 REFERENCE AND ADMI]YISTRATIVE DETAILS TRUSTEF. COMMITTEE ,John Campbell Daniel Strodl lan Patrick James Whiting Registered Charity number -1108852 Company number 4915848 Registered oflice: 204 Holcroft Court Clipstone Street London WIWSDJ Independent Examiner Verdant Accountants 20-22 Wenlock Road, London Nl 7GU Bankers Lloyds Bank plc Paddington (309640) Branch PO Box 1000 BXI IL
Charity Registration No. 1108852 Coinpany Registration No. 4915848 (England and Wales) MIRACLE NETWORK REPORT OF THETRUSTEES For the Year Ended 31 October 2024 AIM AND PURPOSES Miracle Network is constituted 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 text entitled A Course in Miracles (ACIM) Our purpose is to serve in honouring, sharing and encouraging a greater understanding ofA Course inMiracles,"tobe inspired and toinspire othersto liveaccordingtotheprinciplesofmiracle-mindedness,. tobewelcoming and inclusivetoall.tosupporttheevolution ofalike-mindedACIM community, OBJECTIVES AND ACTIVITIES When planning our activitiesfor theyear,theMiracleNetworkhas consideredthecommission's guidanceonpublicbenefit. Inparticular,the Miracle Network iscommitted tosupporting students ofA Course in Miracles through thedistribution ofa bi-monthlymagazine and a program of online meditation meetings, workshops, talks and events. The vision that influences our annual activities is to support each other to awaken to the love and peace within us and to encourage spiritual practice. An objective of Miracle Network is to seek additional finance to maintain and improve its programme of activities and to extend its services to enable as many ACIM students as possible to further their practice with A Course in Miracles. Pricing Policy The Miracle Network'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 teaching materials. We aim to turn no~one 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, including those on low incomes. To that end, the Miracle Network offers.. 33 % discount at all events to recipients of Universal Credit and Disability Benefits andtofulltime students;
Charity Registration No. 1108852 Company Registration No. 4915848 (England and Wales) 20 % discount on all events, mail order and online shop purchases to 'Miracle Friends, for a minimum monthly subscription rate; Exemptions upon request to those who cannot afford to pay a subscription for the magazine. ACHIEVEMENT AND PERFORMANCE Developments, Activities and Achievements A primary function of Miracle Network 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 been to host the following events,, Monthly online workshops which includes topics such as: 'Howto Postbvely Transform Your ReLqtionships wth A COU in Miracleg, 'Inspirational PsycholcyJy and Attitudinal Healing,, 'Healing Our Minds and B()JES Wtth Forgiven*s'. One Day online Conference twice a year comprising of talks, meditations, activities with international guests and speakers. We have organized a day conference in November 2023 with the title, 'Experiencing Peace in Our Daily Lives, and in April 2024 with the title, 'Our Wake-up Call, Monthly Miracle Cafe online meetings.. We have been doing these shorter meeting to include the topics like,. 'Experiencing A Course in Miracles Through Regular Meditation Practices,, 'Into His Presence Would l Enter Now,, 'The Power of Silence, Six Editions of Miracle Worker magazine, published and distributed online and on paper, Themes included: 'Transfomiing Our Relabonships,, 'My New Lrfe,, 'Change Your Mind, Chage Your Lrfe,, 'LMng in the World While Wa.ng Up,. Weekly online meditation meeting: This is run by a different Speaker/Leader 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., Our free resources 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 Spiritual Support. Free videos and YouTube channel, Daily Lesson Commentaries. Study Groups. Links to other ACIM Websites.
Charity Registralion No. 1108852 Company Registration No. 4915848 (England and Wales) Miracle Networks 30th Anniversary. This year Miracle Network celebrated it's 30-year anniversary and a generous benefactor hosted a celebration evening and people who had been involved with Miracle Network from the beginning were invited to attend. Miracle Worker Wisdom Book. This year to commemorate Miracle Networks 30-year anniversary, Miracle Network has published a book which includes a selection of articles from issues of the magazine that are now out of print. FINANCIAL REVIEW Some 50 /0 of Miracle Network's income is provided through wblic donations, subscriptions and gift aid. The remaining income is generated through workshops, Miracle Cafe evenings and through the sale of ACIM-related books and products. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a Memorandum of Association, and constitutes an unincorporated charity. Trustees The trustees named on page 7 have served during the year. The appointment of trustees is governed by the Articles of Association of the charity, The board of trustees is authorized to appoint new trustees to fill vacancies arising through the resignation ordeath of an existing trustee. Volunteers The Miracle Network 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 ASSESSMENT The trustees are aware of the main areas of risk for the Miracle Network and have adequate insurance through Professional Liability Insurance to cover against claims that might be made. The trustees have identified that financial sustainabilityisthe majorriskforthecharity. A keyelement in the management of financial risk is a continuous review of available funds to settle debts as they fall due and active management of cash flows. The trustees have adequate checking facilities in place to minimize the risk of fraud and money laundering ANIEL SoH4xl STekdD
Charity Registration No. 1108852 Company Registration No. 4915848 (England and Walesl Miracle Network Statement of Financial Activities For the Year Ended 31 October 2024 Unrestricted Funds 2024 Restricted Fund$ 2024 Total Funds 2024 Prior Year Funds 2023 Particular Notes Income and Endowments: Donation5 and le acies Charitable Activities: Activities in furtherance of the charit 's ob ecls 22 256 Subscri lion5 Investmen15 Total Income Expendlture Charitable Activities 50 460 S2 765 Net Incomel (Expenditure) Reconciliation of Funds Total Funds BIF 28,579 Total Funds Carried Forward Note 1 to 7 Forms part of these Account$
Charity Registration No. 1108852 Company RegistratlDn No. 4915848 (England and Wales) Miracle Network Balance Sheet As at 31 October 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Prior Year Funds 2023 Particular NotOS Current Assets Cash at bank and in hand 20,241 20.241 20,241 30,135 Creditors Amount falling due within one ear Net Current Assets Totsl Assets Less Current Liabilities 18,685 18,685 28,579 Funds Unrestricted funds Total Funds For the year ending 31 sl October 2024, The company was entitled to exemption from audit under section 477 of the Companies Act 2008 relating to small companies. The members have not required Ihfr company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their re5pon$ibililies for complying with the requirements of the Companies Act 2006 with respect lo accounting records and for the preparation of accounts. These accounts have been prepare in accordance with the provisions appli¢able to companie$ subject to the small Companies regime. The financial slalemenls were approved by the Board of Tru$tee8 on and wer8 signed on 115 behalf by.. Trustee ADIIEL Jul* Si£vDL Note 1 to 7 Fomis part of these A¢counts Trus &lfr4 fflIL14A EL flAToILk
Charity Registration No. 1108852 Company Registration No. 4915848 IEngland and Walesl Miracle Network Notes to the Financial Statements for Year Ended 31 October 2024 ACCOUNTING POLICIES Basis of preparing the financial statements and assessment of going concern The financial statements of the charity, which is a public benefit entity under FRS 102, have boen prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republie of Ireland, and the Charitie5 Act 2011. The financial statements hav8 been prepared under the historical cost convention. The Iruslee5 consider that there are no material uncertainties about the charity's ability lo ¢onlinue as a going concern. Income All income is recognized in the Slalemenl of Financial Aclivib"es On the charity has enlillemenl lo the funds, il Is probable that the income will be received, and the amount can be measured reliably. Expenditure Liabilities are recognized as expenditure as soon as there is a legal or constfuclive obligation committing the charity lo that expenditure, il is probable that a transfer of e¢onomic benefit5 will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cosls related lo the category. Where Costs cannot be directly atlribuled lo particular headings, they have been allocated to a¢tivilieg on a basi5 ¢onsislenl with the use of resources, Taxatlon The charity is exempl from lax on ils charitable activities. Debtors Trade and other debtors are recognized al the selllement amount. Prepayments are valued al the amount prepaid. Cash at bank and in hand Cash al bank and in hand includes cash and current bank accounts. Creditorg Creditors are recognized where the charity has a present oblig81ion resulting from a past event that will result in the transfer of funds lo a third party and the amount due lo settle the obligation can be measured or estimated reliably. Creditors are recognized al their settlement amount. Fund accounting Unreslricled funds can be used in accordance with the charitable objectives al the discretion of the Irusle8s. Restricted funds can only be used for particular reslricled purposes within the objects of the charity, Restrictions arlse when specified by the donor or when funds are raised for particular restricted purposes.
Charity ReB15tration No. 1108852 Company Registration No. 4915848 IEngland and Wales) Miracle Network Notes to the Financial Statements for Year Ended 31 October 2024 - Continued Unrestricted Funds 2023-2024 2, Activities in the further care of the Charity's Objectives Nov 2023 - Oct Nov 2022 - Oct 2024 ICY) 2023 IPYI Income 400 Advertising Income 415 Donation incl Sland Orders 417 Donation Gift Aid Total for 415 Donation incl Sland Orders 420 Downloads & Recordings 422 Conference Income 425 HMRC Gift Aid Dep051t 430 Mail Order 435 Miracle Cafe 440 Postage 445 Subscriptions include Slos 447 Subscriptions - Gift Aid Total lor 445 Subscriptions include S/Os 450 Workshop Income 419 Conference 2022 Income Total for Income 3,555 4,386 11,111 15.498 665 2,646 2,844 2,040 2,023 18 1,307 1,506 2,873 8.465 3,555 4.386 11,111 15,498 665 2,646 2.844 2.040 2.023 18 1,307 1,506 2,813 8,465 2,309 27,304 9,276 36,579 770 2,061 1,835 2,718 457 2,062 1,621 3,683 8,095 2,883 3. Expendituros 510 Magazine Expenses 530 Magazine Print Costs 600 Miracle Cafe Expenses 700 Workshop Expense5 710 Workshop Expenses- Speaker Fees 823 Conference Expenses 910 Administrator Hours 920 Manager Hours 930 Mail Order coslslrefunds 931 Mail Order Postage Costs 933 Mail Order Purchases 940 Compulinglwebsile 945 Telephonelbroadband 955 Bank Charges 958 Insurance 960 Office Expense 962 MeelinglRelreshmenls 965 Acrountancy and examiners fees 990 Publicity & PR 999 Misc Exp 950 Cardnet Expense 956 Stripe Fees 957 Paypal Fees Total for Expenses 571 6,185 600 2,306 4,025 567 9,600 12,000 1101 504 2,430 7,815 1,009 1,129 137 617 399 420 132 25 571 6,185 600 2,306 4,025 567 9,600 12.000 1101 504 2.430 7,815 1,009 1,129 137 617 399 420 132 25 287 7,071 799 2,818 3,240 1,324 11,400 15.200 371 1.622 4,646 971 1,004 130 688 428 420 186 151
Charity Registration No. 1108852 Cumpany Registfation No. 4915848 (Englard and Wales) Miracle Network Notes to the Financial Statements for Year Ended 31 October 2024- Continued Net Movement in Funds 4. Funds Unreslricled Funds Total Funds At 0111112023 28,579 At 3111012024 18.685 19,8941 Nel movement in funds, included in the above are as follows.. Incoming Resources Resources Expended Net Movement in FLJnds Unreslricled Funds Total Funds 40,566 150,4601 19,8941 Net Movement in Funds 8,627 Comparatives for movement in funds Unreslricled Fund5 Total Funds At 0111112022 19,952 At 3111012023 28.579 S, Trustees Remuneratlon Provision ftsr remuneration lo Iruslees is aulhorize in the Memoradum of Association and Articles of Association, shown below as "service fee" Unrestricted Funds 2024 2023 D Strodl (service fee for management limel 12,000 12,000 15,200 6. Expenses relmbursgments to Trustees by Cate90ry Unrestricted Funds 2024 2023 Magazine Expenses Mail Order Postage Costs Compulinglwebsile Telephonelbroadband Office Expense MeelinglRefreshmenls Publi¢ily & PR Workshop Expenses Total expenses reimbursed 402 402 254 5,020 944 128 5.020 944 128 15 132 2,816 907 217 132 181 7. Related Party Remuneratlon The Miracle Network Administrator is a contractor and partner of a trustee. Unrestricted Funds 9,600 2024 9,600 2023 11,400 Administrator service fee The expenses reimbufsed to Administrator is NIL.
INDEPENDENT EXAMINER'S REPORT Independent examlner's report to the trustees of The Miracle Network, Company no: 4915848 and Charlty no: 1108852 I report on the financial staltsments of th6 above charity la company limited by guarantee) for the year ended 31 October 2024, which comprise tho statement of Financial Activiti85, Balance Sheel and related notes. Respective responslbllitles of trustees and examlner The trusteès who are also diredors of the company for the purpos88 of company law, are responsible for th8 preparation of the accounts In accordance wllh the Charilles Act 20111'the Acl')- The Charlly's trustees considef that an audit is not required for this year Ltnder section 144 of Ihe Acl and that an independ8nt examination is needed. 11 is my r8sponsibility to examine the accounts under sèction 145 of the Charities Act, follow Ihe applicable Directions given by the Charity Commission under section 14515llbl of the Act, and stale whether particular matt8rs have com8 lo my attention. Basls of Indendent examlner's report My examination was carr18d out In accordance wllh the general Dlrectlon8 givèn by the Ch8rlty Commlssion. An examination Indudes a review of tho accounting records kept by the charity 8nd a comparlson of the accounts presented with those records. It also indudes consideration of any unusual items or dis¢losures in the accounts, and s88king gxplanalions from th8 tfust8•s concerning any Such matters. The procedures undertaken do not provide all the evidence th81 would be required in an audit and conseo¢J6ntly no opinion is given 85 to whether the accounts pr&s8nt a Xrue and fail vlew and the report is limited to those matters $61 out in the slalement b810w. Independent examlner's statement In connection wllh my examination, no materi81 matters have come lo my attention whlch gives me ¢ause lo bell&ve that in, any material respect: {11 the accounling records were not kept in accordance wilh section 386 of Ihe Companles Act 120061., or the 8ceounts do not accord wllh the accounting records., or thè accounts do not comply with the appllcable requirements conc&rnlng the form and conlenl of the accounts sel out in sectlon 396 of Ihe Companies Act 2006 other than any requirement that the accounts give a 'tru¢ and fairf v18w whlch is not a matter ¢onsid8r8d 8$ part of an independent examination., or The a¢counls have not been prepared in accordance with the Charllies SORP (FRS102). I heve no concerns and have come across no other mattèrs In connection with the examination lo which 8tt8ntion should be drawn in this report In order lo enable a proper understanding of the accounts lo b8 reached. (2) Chaweevan Wllllams FCCA Verdant Accountants Chartered Certified Accountsnts 222 Wenlock Road, London N17GU Date: 10 June 2025 Pago 12