Charity Registration Number.- 1143542
Company Registration Number.. 06812087 IEnBland and Wales)
Petit Miracle Interiors Limited (Limited by guarantee)
Trustees, Report and Accounts
For the Year Ended 28th February 2022
PETIT
MIRACLES
*A8trWCQ8*
28111r2022
COMPANIES H(JJSE
A17
#23

Petit Miracle Interiors Limited (Limited by guarantee)
Legal and Administrative Information
Trustees
Vincenzo Dalaimo
Allison Gislason
Gary Roberts IresiBned 24 ju￿ 20211
Paul Kelly (appointed 8 February 20221
Charfty Number
1143542
Company Number
06812￿7
RegSstered Office Address
64 Southwark 8ridge Road
London
SEI OAS
Independent Exami￿15
Aviatrix Accountsncy
Terminal E2138
Farnborough Airport
Farnborough
Hampshire
GU14 6XA
Accountants
Whitby Accouniin8 Ltd
34 Oaks Way
Carshalt
Surrey
SM54NQ

Petit Miracle Interiors Limited (Limited by guarantee)
Contents
Page
Trustèès Report
Independent Examinerfs Reports
io
Statement of Financial Artivilies
li
Bala￿e St*et
12
Notes to the kcounts

Petit Miracle Interiors Limited (Limited by guarantee)
Trustees, Report
For the Year Ended 28th February 2022
The Trustees present this annual report together with the financial statements of Petit Miracle Interiors Ltd for
the year ending 28 February 2022. The Trustees confirm that thi5 report and ststements comply with the
charity's Memorandum and Articles of Association.
1.1 Strurture and governance
Constitutlon
Petit Miracle Interiors Limited is a registered charity111434521 and company limtted by guarantee1068120871
and is governed by tts Articles of Association. The Trustees of the charity are the Directors and Members of the
company. All meetings must. at a minimum. have a quorum present, which is Set at two. At èad) annual general
meeting one+third of the dtrectors musi retire. In the event of the company beinE wound up, rnèmbers are
required to contribute an amount not exceeding £l.CO.
The Chari￿$ place of business is Penhurst House. 352-356 Battersea Park Road, London, SWII 3BY. The trading
address is Unit C, West 12 Shopping Centre, Shepherd Bush Green, London, W12 8PP.
Trustees
Any person who is willing to be and may lawFulty art as a Trustee may be appointed by ordinary resolution. New
appointments are only made if such person is deemed capable of providing relevant skills and deterniined to
further the aim5 of the charity. In the evènt of particular ski115 being lost duÈ to rètirement. individuals are
approached to offer themselves for elertion to the Trustee board.
lknsk mana8•ment
The risk register is updated annually however. a second review was conducted as 3 fèSLblt of Covid-19. Risks
range from th05e associated with 50urce5 of income, or lack thereof due to unforeseen matters such as Cgvid-
19. and lone working. Our system5 have been reviewed and additional support measures in place to help cope
with the Ioss of key.staff and changes in the trading environment. Procedure5 are in place to ensure compliance
with health and safety of 5tsff, volunteer5. clients and visitors to the premises. These procedures will be
periodically reviewed to ènsure that they continue to meet the needs of the charity.
1.2 ObJertl¥es arKI arti¥itles
Objects
ilThe relief of Ltnemployment in particular but not exclusive￿ by providing training and work experience in the
painting & decorating and interior desi8n trades for the homeless. formerly homeless, vulnerable women. and
other socially or economically disadvantsged members of society l-the beneficiarbes").
ill The relief of need for the beneficiaries by providing education, training and work experience with a view to
helping them bLbild their confidence and meet their own needs.
Publlc benefit
The Trustee5 are aware of the Charity Commis&on's guidan￿ on public benefit in reviewing and planning its
future activities. The trustees are satlsfied thatthe aims are carried out in pursLrit of the charitable aims and are
for the public benefft.

Petit Miracle Interiors Limited (Limited by guarantee)
Trustees, Report
For the Year Ended 28th February 2022
Our Year
The 202￿2021 year was overshadowed by the cov￿-19 pandemic. whith severely limited our ability to deliver
our usual programmes. however 2021-2022 saw our beneficiaries and volunteers increase their confidence to
ttend the workshop and participate in our programmes agatn. Despite the vulnerability of some of the people
we support, wè manè8ed to èngage with 140 benèficiaries thioughout the year. This past year has been one of
significant change. our Founder and CEO moved abroad and is acting CEO with strategic involvement. however,
is no longèr involved in the day-tts-day act￿lties. The Èxciting aspect of this change is that the long-term senior
staff team have been promoted and are now Dire¢tors of the ¢harity. They are both passionate about the
charrt(s purpos* and knowthe local tommunity and the people WÈ sèrve very well. The Trustees and the team
are excited for this new phase and a fresh approach it will bring. Although there are new and exating changes
to come. one constant goal remains.. wè continueto striveto betome the UK'S leading upcyclingsocial enterprise
to support people. ¢ommunity, and the environment.
In March 2021. the 5tsff were back to work full-time. and the shop and maker5pace reopened fvll time. too. We
were able to run our Roadshow events for organisations who were comfortable with in-per50n visits. And for
those who were not qyite ready to leave their site5, we hosted virtual sessions. Essentially. the team were
extremely flexible to ensure beneficiaries could acce55 the seNce5. while feelin8 safe and comfortable. In some
cases. this meant running a few sessions in small groups for the Same organ+5ation or providing our online
sessions with project packs that were sent to each benefiriarfs home before the session. We have provided
exibility and adaptability to deliver iraining best suited to tyjr beneficiaries needs. Our experience from the
pandemic ensured that wè could. where needed. continue to run our troinfrnB online. hosting virtual sessions
and online tasters for our students from organisations such as Happify and City of Westminster College.
Although we were back in the shop and makerspa¢e. it was importsnt for us to continue with the organisational
improvements we had started during partial furtouBh. This included continuing to use our new streamlined
monitoring and evaluation tracking pro¢e55, this has helped the day-to4ay Smooth onboardin8 and tracking of
volunteers and beneficiaries.
In April, we started work with an intem from Imperial College stU0￿1ft￿ Design En8ineerinB. Shè completed a 6-
month placement with us. learnin8 restoration ski115 in the workshop and helping to deliver training for our
beneficiaries. She also created markèt research materials and created furniture desiens. This was her first
experience of a full-time job and she gained new expertise and built a wider tangible set of skills while with u5.
She enjoyed her placement with us, as a resu￿. she retumed to volunteer with us after her placement officiallv
ended. As well. our oper3tiorb5 manager was tnvited to take pary and successfully completed, a leadership
proBramme. provided free of charge from Imperial College- Agents ofchange. This 6-month course was created
to 5UPPOrt women who work or live in Hammer5mith and Fulham and work in the third sector.
WÈ welcomed our first inclusive hirè to the team in May. She had initially participated in our programme after
being referied through Pursuing Independent Pathways. She successfully completed our traineeship, and work
experience progiamrne5. After 8rowin8 in confidence in the workshop. she started to volunteer independentlv.
We were pleased to offer her a paid part-time rde. which she accepted in May 2021.
In october.we gratefullyreceived multi-yearfundin8 from Henrysmith Foundationto supportthe core attivities
of our work.
With the rebrand underway. plus a downturn in fvrniture sa￿5 due to covid, we wanted to ptjt a larger emphasis
on our marketing strategy. With support from a long-term volunteer who works in rna￿eting. we began
mèetr'ngs in October. With her support. and the teams hard work. we are building a robust marketing strategy
that we hope will help us to communicate our brand message and storyto ovr stakeholders and customers. This
year, we continued to engage youn8 people (ages 18-301 through our traineeships and work experien
placements. funded by our 3-year grant from John Lyon's Char5ty and Het)ry Smith. The grant started in

Petit Miracle Interiors Limited (Limited by guarantee)
Trustees, Report
For the Year Ended 28th February 2022
December 2020 and provides job and personal skills training through furnrf(ure up¢yclinE. In February 2021 we
received a 3-year grant from The Henry Smith Charity for our core costs. We continue our work with young
people and disadvantaged adults.thanks tothesè8rants. We have become members ofyoung Ealing Foundation
and in January the Young Brent Foundation in Ortoberto reach more young people who would benefit from our
traintng opportunities. We hopeto signpost our programmes to potential students in the surrounding boroughs.
2021 was a year of uncertainty, with Ouf team remainin8 cautiously optimistic about the year ahead. We have
found that the work we had put in place durin8 the5È trying times have helped to propel us foThvard and we
remain optimistic for the future.
2021-Z022
Oemo8raphi¢s
Number of respondents
156
Benèflclaries
140
% Male
41%
% Femalè
92
% BAME
71
%18-30
44%
69
%31-55
61
5+
io%
16
%1Sve In H&F
64%
% Disabl*d

Petit Miracle Interiors Limited (Limited by guarantee)
Trustees, Report
For the Year Ended 28th February 2022
Genèrnl Outcomes
% W¢re happy ¥￿th the trainitigthat T￿$ provided (top box)
25
% Leamed a lot from the traiAlng7 (top box)
67%
20
% Enloyed time at pdlt Miratles?
loo%
% Met new people whllst worklng t*Ath Petit Mlrxles
29
% Would strongly encourage people to participate in PM arti¥ities? (top l>oxl
73%
22
% Fèlt more conr
97%
29
% Felt more motivated
29
% Felt they had enhanced thetr employabllSty potentlal
87%
26
% Enhanted théir understandln8 of workplace safety
29
% In¢reased confidence in being in a work enwronmert
87%
26
% Impro¥¢d environmental awarene55 and prartice
24
% Expanded outlook on work•ng and le•rnln8
93%
28
% Improved networkinz 5ki1157
24

Petit Miracle Interiors Lirnited (Limited by guarantee)
Trustees, Report
For the Year Ended 28th February 2022
Projerts
Pètit Miracle Interior5 15 a combined workshop and retsil space. where we teach furniture restoratlon.
upholsteryand basic DIY. the vpcycled items restored bytrainees are sold in our Marketshop which help fund
the project. The core of the programme is job training and personal skill development. Petit Miracle Interiors
artivities provide up-skillin& environmental awareness and social indusion opportunitie5 by providing
Iraineeships, work experien￿ and volunteer positions for long-temi unemployed people andlor facing
multiple barriers to employment andlor leisufe pursuits.
In preparation to feopen in April 2021, we reor8anised our maker$pa￿ to increase the amount of space
allocatèd to the workshop5 and divhded them into sections. We now have a separatè upho15tery workshop.
lunch, and chill out area with hopes to create a space for screen printing. The sertioned workshop space has
helpe(l u5 to support more students at once. with a %wder variety of tasks.
We have created new partnerships this yeaf. working wTrth students ￿mpletIng traineeships and work
experiencè placements at Crty of Westminster College. MOAT School. Key 4 tsfe. Option5 Day Centre and
Riverhousè Trust. Wè are plèased to say that this year we have oflered 2 Roadshtsws with 16 attendees, 10
Tastèr Oay events with 55 students attendine. And. we have provided 4-week traineeship placements for 35
voung people, and our 12-week work experience had 21 students onboard. In total, we have worked with
over 115 individual beneficiaries. of all ages. vulnerabilities. and walks of life.
We created a partnership with West London Waste Authority IWLWAI a statutory waste disposal aLrthority
serving over 1.7 million résidents atr05s six borouEhs. WLWA is committÈd to achieving net-zero by 2050
through actions that address important social needs. They work with us to find meaningful reuse projects for
the furniture that is donated tothemthat would othenvi5e be incinerated ortaken to landfill. Ourpartnership
is a shining example of how social value has been aChIe￿d alon8side climate commitments. Using an
accredited social value enginè, we have calculated £4.39 worth of social benefrt5 for every £1 invested,
including redvcing isolation." boosting employability and 5ki11s in the repair sertor.. and a550ciated carbon
savings of over 6 tonnes. We held a work4hop tour of our Maker$pa￿ and retail shop where WLWA rnet the
chariWs statrand benèficiaries. They saw first-hand how our diversion work is supporting our beneficiaries,
changing live5 and helping the environment. Our dedicated team. volunteers. beneficiaries and stakeholders
all helped LL5 to divert 2025k8 of furnittsre this year.
£4.39 per £1

Petit Miracle Interiors Limited (Limited by guarantee)
Trustees, Report
For the Year Ended 28th February 2022
Petit Mirades 15 a place for the community to Connert and we felt the need. more so than ever, to connect
with our local neighbours after the pandemic. People needed encour3Eement to get back to life and get
involved in something meanrngful and fLsn. In answer to this. we ran 2 cornmunity workshop sessions in
November 2021 and January 2022, offering a reduced-price ticket1£51 to those living in Hammersmith and
Fulham. We also welcomed our partners and customers into our space by holding Open Days. providing tours.
allowinE people to see our workshop in artion. This also le(1 to networking and lotal people making
worthwhile connections.
The Petit Miracle Market Ilormedy Yhe Hub") is a retail business incubation package for residents. providing
opportunities for people to Create their own jobs. The project is geared to people who have a disadvantaged
background. and the drive and talent to start their own busine55. People are provided with training, busine55
workshops. coaching and free trading spa￿. The Market brings professional trainin8, Opportunity, and
personalized support to iheir d¢>orstep. which keeps them ¢lose to vital emotional. social. and cultural
5UPPOrt networks. The Market is a platform for tommunrty events and seThices that in￿teS residents. local
busine5se5, as well as local counol and other charities to learn and share knowled8e, all in an effort to create
community cohesion and further our objectsves.
This year. after compleiing a pilot for this project in the winter. the need for digital support for Market
members became clear. Market members were offered a place on the'Busine5s in 3 800 programme with a
local business mentoring service to deliver support for 10 members. This includes a review of the busine$5
strategy incorporating online marketin& pr￿lsiOn of a functioning Wordpress site with all legally required
documentation. and a bespoke domain for a URL and email addres5.
As we do every year. we provided frequent. relevant and free training workshops for our Market members.
This year the list induded so¢ial media support. bLtsiness finance5, ￿nkedIrt for small businesses, and product
photography.
We listened to our members when they told us they don't have space in their own homes to work on their
products and cannot yet afford a dedicated studio or workspace. So. we have converted part of our storage
space into a product development area for creative members to work and store their work5 in progre55. We
have also created a workspace on the shop floor. with an industrial sewing machine which is free for all
members to usè. A5 mentioned. we realised technology was an issuefor many members. with multiple people
not having access to their own computer. In response to this. we set up a computer in the store for them to
use for their business.
The sense of Community within the Market projett is important to our members and to our team, however.
it Can be difficult to foster this at times. due to their busy and conflicting schedules. In response to thi5. our
Market manager arranged for a coffee mornin8 in january. Members could meet. share ideas. their struggles,
and stories. It was a huge success. and we plan for these to be a permanent fixture at the Market.
In summary, the Petit Miracle staff team and volvnteers are the reason behind the succe5S that we cultivate
year on year. Due to the expertise and experience of the team. our beneficiaries receive qualty support from
everyone who works at Petit Miracles. We always try to rece¢ve and listen io their feedback to ensure we are
offerin8the best support for our benefrciaries. when and where they need it most. The Trustees unreservedly
and with great appreciation thank you for everything that you do and your dedication to ensure we achieve
our charitablè objertives. We would like to take this opportunity to thank all our funders and stakeholder5
who support the work of our charity.
London Borough of Hammersmith and Fulham
John Lyon's Foundation
Gatheld Weston
Landsec

Petit Miracle Interiors Lirnited (Limited by guarantee)
Trustees, Report
For the Year Ended 28th February 2021
IA F•nancial Review
The charity Show￿ an increasè of 23% in total tumovèr figurès, with increases in almost all area5 of revenue
includin8 grants 119%) training fees 115%), and a decrease in trading 179%) Grant funding made up
approximately 87% of the charivs total turnover. Income generated from all these activities wa5 £185,750
with a net surplus of £36.577. Grant fvnding will remain essential and trustees aim to have grant funding
represent 30% of total income. Wè tontinue to look to diversify our income base and increase the surpluses
generated by social enterprise artivities to Cover more operatin8 Costs.
Reserves policv
Previously. Trustees examined the requirementsforfree reserves in 2018for3 months. &nce the on5etof Covid.
this has increased to 6 months, to ensure the charity can meet all its obligations. Therefore. the aim 15 to build
enough reserves for a period of 6 months of unrestricted funds with the long-term goal of building no more than
12 months of reseryes.. maintain a level of free reserves lunrestrirted reserves sess the value of fixed as5et51,
equivalent to six months. essential operating costs. which Cul￿nI1¥ amount to £70.(xxJ. The current reserye5
are held in the charity bank account. At the end of FY 2021-22. free reseTres stand at £56.199 which is below
the threshold stated in our policy but a good improvement since the prior year and Covid restrirtions relaxed.
We expert that the updated website and brand refresh will help us improve sales. enabling us to save monev
into ourfree reservès.
1.5 Trustee< resporfjlbllitles
The Trustees are resp)n5iblefor preparing this report arKI thefinanoal statements in accordancewith applicable
law and UK Attounting Standards. Company law requires the Trustees to prepare accounts for each financial
year which give a true and fair wew of the state of the chariiable company and of the incoming resources and
application of resources. including the income and expenditure. of the charitable company for that year. In
preparing the Oirectors. Report and financial statements, the Trustees are required to.. lil select suitable
accounting policies and apply them con515tently.' lill make judgements and estimates that are reasonable and
prudent.. and liiil preparethefinancial statements on the going concern basi5 unless it is inappropriate to assume
that the charitable company will continue in business.
The Trustees are responsible for keeping adequate accountin8 record5 that are suffiaent to show and explain
the company's transattions and disc105e with reasonable accuracy at any time the financial posits'on of the
¢harity and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charity arbd hen￿ for taking ￿aSOnable steps for the prevention
and detettion of fraud and other irregularities. Thè Trustees are responsible for the maintènance and integrity
of the corporate and finanaal information included on the Institute's website.
The report has been prepared in accordance wth the provtSlQn5 of the Compan￿5 Aci 21J% relating to small
companies.
Signed on behalf of the Board of Trustees.
Ms.A
on Gislason
Date
oz

Pe￿t Mlracle Interiors Limited (Limited by guarantee)
Independent Examiner's Report
For the Year Ended 28th February 2022
I report to the Trustees on my t•￿1￿*15￿ of tt* financfjal statements of Pellt Miracle InteTh)rs ￿m￿ed for the
year￿ded 28 FebnMry 2022.
R￿POnSIbIlI￿*S and basls of rnport
As ihe Trullee5 of the land also it5 dI￿(t￿5 for puvpos¢s of ¢¢vnpany lawl w>u are resp(rftr5ible lor the
preparation d the finan￿1 Y•len￿nIS in at¢ordance wilh the requirements ol the Compan￿$ Art 2Q)6 Iihe
2(MJ6kil.
Havlni 5ailsfied myself the hnoncial Matements Lif the are not required to be audited under Part 16 of ihe
2C4Y6 Art and are eli8ibte for Independeni eN2miThaiion. I feport in respect of my e￿minatIon of the's fifiaft¢ial
sMements ¢arrled under se¢ttrJn 14$ of the Chartties kt 2011 (the 2011 Artl. In carfwng out my
ex•minaiton I have follty*d all ihe applirkble Dweaions w¥en b¥ the Ch¥ity Commi55ion unde¥ Sec￿0￿
145lSllbl of the 2011 Act.
I completed my examination. I confv.rrn ihat no mattels ha¥E toir* to my attenoon in ¢onfte¢Oon ￿ the
examination gi￿￿# me cause to be￿e¥e that in arry mateiial fespert:
l accounong iecords were kept in ￿$pett of the as requlred lryseaion 386ofthe 2rTh Act: or
2 Ihe fin•n¢ial llatements dc* noi ac¢ord with those records.. or
3 the finantial gatements do Mt cornply the a(countinE requiremen15 of secbon 396 of the Atl
other than any requirement that eive ¥ true and T44ew whith is not a matter con&dered a5 Part
of an independeni examir•ati¢)n- or
4 The financial statement5 have not been prepared in 4¢¢Orda￿ ¥hth the methods and princ6ples ol the
Statemeni of Rec¢mmended Prxtke for accoun￿nBaftd reporting by charities appllcable tocharlyes preparin8
their a¢counts In a¢¢ordarKe with the Financlal Rel￿￿5￿ndard applicable in the UK and Republic gl Ireland
IFRS L021.
I haw no concerns and have come no other maller5 in ¢onne¢16on with the tx•nirtaOon to whlth
attention should be drawn in this repwt in order to enable a woier understsrtdln8 of the finoncial Aatements
tobe reathed.
Ms Ella M Doherty FCCA
Forand oft behaifol
Awlatrix Acrwntsnty L￿￿lled
Terrnlnal E213
Farnborou8h Alr￿rt
Farnborou8h
Hampshirè
GU14 6XA

Petit Miracle Interiors Limited (Limited by guarantee)
Statement of Financial Artivities
For the Year Ended 28th February 2022
Note
Unrestrirted
Funds
Re5trirted
Funds
Total 2022
Total 2021
Income From..
Oonations
31.928
153.822
185,750
155,667
Charitable a¢tivitie5
5.7
4￿0
Other tradinE attivities
Irentall
20.981
20.981
11,756
Total incon
153W2
211431
172.273
E¥penditurè on".
Charitable activitie5
7,625
168,229
175.854
141.752
Total expendityre
7.625
168.229
175.854
141.752
Net movement in funds
before transfers
{14A171
36,577
30.521
Translers between fund5
Net m4)vement bn fund5
{14A07)
36,577
30.521
Recontiliatlofi of fund5
Totsl funds brought forward
5.215
36.907
42.122
11.601
Total funds carrfed forward
56.199
S￿)
78.699
42,122

Petit Miracle Interiors Limited (Limited by guarantee)
Balance Sheet
For the Year Ended 28th February 2022
2022
2021
Fbxed Assets
Tangible Assets
io
Current Assets
Debtors
li
24.829
23,431
Cash at bank
81.925
74,971
106.754
98.402
CredIt￿$.- amounts falling due
wlthin one yèar
{31.OlS)
160.2261
12
Net current assets
75.739
38.176
T¢)tsl assets less current liabilitles
78.699
42.122
Net assets
The funds of the charity
Restricted funds
14
2i5(X
36.907
UnreStri¢ted funds
.199
5.215
78.699
42,122
For the financial year ended 28 February 2022 thecornpany was entitkd toexernption from audrt under settion 477 of the
Cornpanies Att 2006 relatinBto small companies.
The directors acknowledge their responsibilitie5 for Comp￿￿8 with the requirements of the Comwnies Act 2006 wfth
respect to accounting record5 andihe preparation of financial 5taterrents.
The members have not required the ci)mparry to obtain an audit of itsfinanckal statementsforthe year in
questhm in accordance wrth section 476.
These financial ststements have been prepared irt aecorthnce wtth the prtr4iwon5 to compan￿$ $ubJ'eLt to the
small c¢)rnpanies' rewme.
M5 Allison Gislason-.
Date..
Company Registrat#￿ No.. 068121x7
The notes on the fdlowing page$a￿ part of ihesefinancial statew*nt>
12

Petit Miracle Interiors Limited (Limited by guarantee)
Notes to the Accounts
For the Year Ended 28th February 2022
l. Company Status
Petit Miracle Interiors Limited is a private company limited by guarantee incorporated in England and Wales.
The re8iStere(l office is 64 Southwark Bridge Road, London, SEI OAS.
2. Goin8 cOn￿rn
At the time of approvingthe finanoal ststements. the Trustees have reasonable expectation that the charity has
adequate resources to continue in operational existence for thè foreseeable future. Thus the charity continues
to adopt the #oin8 concern basis of accounting in preparin8 the fin)n¢ial statements.
3. Accountin8 Policies
3.1 Basis of pr•paratitin of financial statements
The financial statements have been prèpared in accordance with the 's tgoverning documentl. the Companies
Act 2[￿ and "Accountin8 and Reporting by Charities.. Statement of Recommended Prartice applicable to
charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 leffertive l January 20191. Thè is a Public Benefit Entity as defined by FRS 102.
The charity has tsken advantage of the prov45ions in the SORP for charities applying FAS 102 Update Bulletin I
The financial Statements are prepared in stedin& which is the functional currency of the. Monetary amounts in
these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value. The principal accounting policies adopted are set out below.
3.2 Cash Flow Statemènt
In accordan￿ with the Charities SORP IFRS 1021 the charity is claiming exernption from the requirement to
prepare a cash flow statement on actount of it being a small charity.
3.3 Fund attountin8
Funds held by the charity are either=
Unrestricted funds are available for use at the discreti￿ of the Trustees in fvrtherance of their charitable
objectives.
Re5trirted funds are subjertto specific conditions by donors asto how they may be used. The purposes and uses
of the restricted funds are Set out in the notes to the finanoal statements.
3.4 Income
Income is recognised whèn the charity is legally entitled to it after any performance conditions have been met.
the amounts can be me35ured reliably, and it 15 probable that income will be received.
Cash donations are reco8nised on receipt. Other donations are recognised once the ha5 been notified of the
donation, unless performance conditions require deferral of the amount. Income tsx recoverable in relats'on to
donations received under Gift Aid or dèeds of covènant is recognised at the time of the donatfon.
Legacies are recoBnisedon receipt or otherwise if the has been notifiedof an impending distribution. the amount
is known. and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset.
13

Petit Miracle Interiors Limited (Limited by guarantee)
Notes to the Accounts
For the Year Ended 28th February 2022
3.5 Expendlture
Expenditure is a¢¢ounted for on an a¢¢ruals basis with the irrecoverable element of VAT included with the item
of expense to which it relates.
Cost of raising fijnds includes costs incurred by the Charity in fundraisin&
Charitable expenditure comprises those costs incurred bythe charity in the delNery of its actNities and services
for its beneficiariÈs.
Governance costs in¢lude those costs associated with meeting the Constitutional and ststutory requirements of
the rharity and include auditfee5 and costs linked tothestrategicmana8ementof the tharity. These are included
in support costs.
All costs are allocated between èxpènditure categories of thè SOFA on a basis designed to refFect the use of the
resource. Costs relating to a particular activity are allocated dirèrtly. others are apportioned based on estimated
usage as a proportion of directly attributsble expenditure.
3.6 Tangible ftx¢d assets and depreciation
Tangible fixed assets are statèd at COSt less depretiation. Depreciati¢)n is caltulatèd usin8 a 25% straight line for
the leasehold improvements. fixtures and fittings. computer equipment. plant and machinery and oth.
eqLSipment.
3.7 Impalrment ol fixed assets
At each reporting end date. the reviews the carrying amounts of its tangible assets to determine whether there
is any indication that those assets havè SLrffered an impairment loss. If any SLKh indication exists. the recoverable
amount of the asset is estimated in orderto detemine the extent of the impaimient loss lif anvl.
3.8 Debtors
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount
prepaid.
3.9 Credttors and provlslons
Creditors and provisions are recognised where the Institute has a p￿ent obligats.on ￿SUlting from a past event
that will likely result in the transfer of funds to a third party and the amunt due can be reliably measured.
3.10 Casth at bank and in hand
Cash and cash equivalents include cash in hand, deposits held at call ￿th banks. other 5hort-temi liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in currentlsabilities.
3.11 Flnancial instruments
The charity has elerted to apply the provisions of Sertion 11 'Ba5ic Financial Instruments, and Sertion 12 '0ther
Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are retognised in the rharity's balance sheet whèn thÈ bÈt¢Mnes party to the coniractual
provisions of the instrument.
Financial assets and liabilitie5 areoffset. with the netamounts presented in the financial statements, when there
is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis
or to realise the asset and settle the liability 5imultsneovsly
14

Petit Miracle Interiors Limited (Limited by guarantee)
Notes to the Accounts
For the Year Ended 28th February 2022
Basic finandal assets
Basic financial assets. which include debtors and tash and bank balances. are initially measured at transartion
price induding transa￿lOn costs and are SLtbsequendy carried at amortised cost using the effective interest
method un1è$5 the arran8ement constytutes a finantin8 transartion. where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
ceivablè within one year are not amortised.
Basic finarttial liabrlities
Basic finantial liabilities. includin8 creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transartion. where the debt instrument is measured at the present
value of the ftjture payments discounted at z market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subSequen￿V carried at amorti5ed c05L using the effertive interest rate method.
Trade creditors are obligations to pay for 8oods or service5 that have been acquirèd in the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year
or less. If not. they are presented as non-current liabilities. Trade creditois are recognised initially at transaction
price and subsequently measured at amortised cost using the effe¢tr¥e Inte￿St method.
Derecognition of financial liabl￿tieS
Financial liabilities are derecognised when the charitys contrattual oblvaations expire or are di5charBed or
¢anctlled.
Employee benefits
The cost of any unused holiday entitlement 15 recOgn￿ed in the peri¢xl in whith the employee's Services are
received.
Teimination benefits are recoBnised immedtately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to prowde terniination benefits.
Rètirement beneffts
Payments to defined contribution retirement benefit sthemes are charged a5 an expense as they fall due.
4. Taxation
The charitable company is registered as a charity and all of its income fa115 Wlthin the exemptions under Part 11
of the fyporation Tax Act 2010.
5 Critital accountin4 estimates
In the application of the charitys accounting policies. the Trustees are required to make judgements, estimates
and assumptions about the tarrw.ng amount of assets and liabilrties that are not readily apparent from other
sources.
The estimates and ass¢xiated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimates. The estimates and underlwng
assumption5 are reviewed on an ongoing basis. Rewsions to accounting e5timate5 are recognised in the peritsd
in which the estimate is revised where the revision affects only that peri¢)d, or in the period of thè rèvision and
fvture periods where the revision affects both current and future periods.
15

Petit Miracle Interiors Lirnited (Limited by guarantee)
Notes to the Accounts
For the Year Ended 28th February 2022
6. lftcorne
Income from donationsand grants
UMestdL
funds E
Restrkted Tot•1 2022 £
fvnds £
Totsl 2021
Grants
31.928
153.822
185,75Q
155.667
31J28
1531
185.750
155.667
In¢Mie froffl dlaritable attO¥ltles
Trainlngfees
5.7
5.7(Kl
4.850
Workshcp fees
5.70
4.850
Incomèfrom other trndiry actbvitses
Rentsl incorne
Trading income
20.981
20.981
11,756
20.981
20.981
11.756
7. Expendhure
Staff
Depr￿latIOn £ Qther¢(sts É
Tot•1 2022
Total ZOII
Charitable adI￿lIeS
Charitable projects
113.8S2
54.377
168.229
31,517
Support C0515
6,639
7.625
43.180
113.852
6L016
I75￿54
74.697
Analysis of supp)rt c¢)sts
W4es and saL7ries
11,032
Depreciation
1.31S
Offlce &Admin
5A39
29,110
ActountsrKY fees
1,023
IndeFendent examiner
700
7.625
43,180
16

Petit Miracle Interiors Limited (Limited by guarantee)
Notes to the Accounts
For the Year Ended 28th February 2022
The Independent Examiner was paid £1.20012021- £7CQI for examining and £nil12021- £nill for other
seThices.
8. Staff
2022
2021
Wages and salarie5
112,514
99,788
Social security costs
5.361
3,466
Pension costs
1.302
1,020
119.177
104.274
There were no employees whose annual remuneration was £60.CNXI or more.
The average number of workshop staff during the year was 412021- 41 and administrative staff was 312021-
31.
The key management personnel of the charitable company comprise5 the Board of Trustees. CEO. During the
vear remuneration £37.34312021- £32.9391 was paid to the CEO. No remuneration was paid to the tfustees.
9. T￿￿tee$
None of the trustee5 Inor any person connected with them) ￿CeIved any remuneration or expenses during the
year.
17

Petit Miracle Interiors Limited (Limited by guarantee)
Notes to the Accounts
For the Year Ended 28th February 2022
10. Tangible lixed a55ets
Leasehold
Computer
O(fKe
IMpro￿rnents equipment equipmènt
Plant and
mathinéry
Fiytures
and rrttings
Total
Cost
At l March 2021
10,107
3,329
3.783
1.526
423
19.168
Additions
At 28 February 2022
10.107
3.329
3.783
1.526
423
19,168
Deprecialion
At l March 2021
8.723
2.752
2.692
287
15,222
Charge for the year
346
144
273
19)
33
At 28 February 2022
9.069
1965
958
320
16.208
Net book Valuè
At 28 February 2022
1.038
433
818
103
2.960
At 28 February 2021
1.384
577
1.091
758
136
3.946
11. Debtors
2022
2021
Trade debtors
22,231
Prepayments
1,2C(I
Other debtors
1,531
24￿29
23,431
18

Petit Miracle Interiors Limited (Limited by guarantee)
Notes to the Accounts
For the Year Ended 28th February 2022
11 Crtditor5: due within one year
20ZZ
2021
Ac¢rLrals and deferred income
3,003
1.950
Borrowngs and other credrtors
5,552
Bank overdrafts and loans
22.013
45,C(JO
Trade creditors
1.505
Social security and other taxes
5.118
6,219
31.015
60,226
13. Loans and overdrafts
2022
2021
Bank loans
22.013
45,(MX)
22,013
45,￿0
Payable within one year
22.013
45.000
14. Restri¢ted funds
Balante
brought
forward E
Incoming
resources
Resources
expended
Ba13nce
Carried
forward £
Transfers
L8HF
35.353
42.261
Henry Smith
50.¢X
37,5
12.500
Furlough
28.469
28.4169
john Lyons
10.000
153,822
168.230
22,500
19

Petit Miracle Interiors Limited (Limited by guarantee)
Notes to the Accounts
For the Year Ended 28th February 2022
LBHF- Funding for the provision of upcycling workshop training and business incubation services through the
Start Your Own Enterprise Project for H&F residents
Henry Smith-Funding for core costs
John Lyons- Funding for outreach proiert that promotethe life4hances of Children and young people through
education
Furlough- FundFng for core costs
IS. Anatysis of net assets between funds
Unrestricted
funds£
Restricted
funds £
Total
As at 28 Fèbruary 2022
Tanw'ble fixed assets
2.960
Current assets
84,254
22,500
106.754
Creditors= due Mthin one year
131.0151
131.0151
56.199
22.SOO
78,699
Restricted
funds £
Total
f￿)d$ £
At 29 February 2021
Tangible fixed assets
Current assets
61.495
36.9)7
98,402
Credr(ors.. due wthin one year
160.2261
{60,2Z6)
5.215
36,907
42,122
20

Petit Miracle Interiors Limited (Limited by guarantee)
Notes to the Accounts
For the Year Ended 28th February 2022
16. Comparative funds. Statemert of Hnancial A¢ti¥iti¢sforthe ytar ended 28 February 2021
Unrestrlrted
Funds
Restrirted
Funds
Total 2021
Income Frorn".
Donations
36.375
119,292
155.667
Charitable activrties
4.850
4.850
Other tradinB activities Irentall
11,756
11.756
Totsl income
51981
119292
172.273
Expenditure on:
Charitable activities
43.180
98.572
14L752
Total empendlture
43.l&J
98.572
141,752
Net M0￿ment In funds before
translers
9,801
20.720
30.521
Transfers between funds
Nei movement in funds
9.801
20,720
30.521
Re¢on¢iliation of lunds
Total funds brought forward
14.586)
16.187
11.601
Total funds carried fOrn￿rd
5.215
36.￿)7
42,122
21