## **MIRACLEFEET UK** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30TH JUNE 2024** ## **HORNE BROOKE SHENTON** Chartered Accountants 15 Olympic Court Boardmans Way Whitehills Business Park Blackpool FY4 5GU MIRACLEFEET UK YEAR ENDED 30TH JiTNE 2024 CONTETr4TS Page Trustees report Independent Exan)inei's Teport to the trustees Income and ¢xpendiiur¢ account Balance She¢t Notes to the income and expendilur¢ account TRUSTEES ANNUAL REPORT YEAR ENDED 30- JUNE 2024 Report of the trnstees for the year ending 30 June 2024 The trustees present the annual report together with th¢ financial stat¢m¢nts and indep¢ndent examiner's report of th¢ charity for the year ended 30th June 2024. REFERENCE AND ADMTNISTRATIVE DETAILS Registered name: Miraclefeet UK Charity number: 1156868 Prilleipal office: Demelza. Easton. Winchester, Hampshire S02 I I EF, UK Accountants: Horn¢ Brooke Shcnton Chartered Accountants 15 0[￿lpIC Courl, Boardmans Way, Whitehills BwJiness Park, Blackpool FY4 5GU Trustees The trustees mana8¢ the charity on a day w day basis. The trustees servin8 the charity during the year and since the year end were as follows: Ms Daphne Sorensen Mr Thoma5 Godfrey Ms. Sarah Bowe Ms. Diana Lucy Loveting Collis Ms. Alexandra Mary Gilbert Chair Trustee Trust¢e Trustee Trustee Public benefit The trustees have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by th¢ Charity Commission on public b¢nefi¢. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is a Charitabl¢ Incorporated OTganisation and is governed by its Constitution, last amended April 13, 2023, which sets out the objects and powers of the charity. Recruitment and appointment of trustees and members tndividuals are invited to serve as Trustees by th¢ CEO of MiracleFeet in the United States bascd on their cxprcssion of int¢rest in th¢ mission. They are thcn voted on by the Trustees at a meeting. MIRACLEFEETUK TRUSTEES ANNUAL REPORT YEAR ENDED 307H JUNE 2024 OBJECTIVES AND ACTIVITIES The objects and principal activities of the charity are: To assist in the treatmcnt and carc of children in developing countri¢s who suffer from clubfoot or who need rehabilitation as a result of such illness, by the provision of grants to support programm¢s for such Children. To educate the public in the subject of untreated ¢lubfoot in Children in developing countries, for Ihe public benefit. ACHIEVEMENTS, PERFORMANCE AND PLANS FOR FUTURE PERIODS Two million children live wilh untreated clubfoot. making this a leading cause of physical disability around the world. MiracleFeet UK provides funding to clubfoot clinics to ensure that children receive the PTopcr treatment th¢y deserve, so they can lead fulfilling lives. In FY24, MiracleFeet UK provided funding to ¢lubfoot clinics in Pakistan, Togo, Senegal, Bolivia, and The Gambia. In addition, MiracleFeet UK supported the provision of clubfoot training models to 29 of our partner programs and the travel costs of trainers to a regional clubfoot training in Pakistan. In 2024, nearly 9,650 children were born with clubfoot in Pakistan, Togo, Senegal, Bolivia, and The Gambia. Children with untrealcd clubfoot face itnmense challenges as thcy grow older. Negative stigmas associated with clubfoot often prevent cbildren froLU receiving an adequate education. Combined witb having limited mobility, those with untreated clubfoot often struggle to find employn]ent, Untr¢al¢d clubfool is a root cause of life-long disability, povety, illileracy, and abuse in these countries. ThaDks to MiraelcFeet UK'S support, just over 2,050 Children were enrolled in treatment across 36 clini¢$ in Pakistan, Togo, Senegal, Bolivii and Thc Gambia. Tn the coming year, Miracl¢F¢¢t UK plans to contlDue supporting clubfoot clinics around the world. FINANCIAL REVIEW Results The results for the year and the Charity's financial position at the ¢nd of the year are shown in the attached financial statements. Incoming resources for the year ended 30 Jun¢ 2024 tothll¢d £145,114. of which £123,138 was restrlcted to specific projects undertaken. £121,955 of this restricted income was expended ID the year. Overall expenditure in the year amounted to £142,278, resulting in a surplus position of £2,837 for the year ended 30 June 2024. R¢s¢rv¢s carried fonvard at the year end date stand at £45,384, being £M.20I of general unrestricted funds and £1,183 of restrict￿ funds. mIRAcLEFE￿ UK TRUSTEES ANNUAL REPORT YEAR ENDED 30- JUNE 2024 RestrY￿ polley The charily will ain) to m8inlain 8 minimum balance of 5.000 pounds while MirdcleFeet UK is aetive, to enable ihe Charity to remain operalional should Ihere be an unexpected fall in donations reeeived or any oth¢r wiforeseen circumsion¢e. RESPONSIBILITIES OF THE TRUSTEES The ¢hority trustees are responsibl¢ for PTyarin8 a Inist¢¢s' annual report and financial statements in aceord8n¢e wilh United Kingdom A¢¢ounling Standards (United Kingdom G¢nerdlly Attepid A¢LX)untin8 Prnctitt) and appIl￿b]e law and Tegulalions. The law applicable ¢0 charities T¢quires thè charity tswstees ¢0 prep1￿ financial slalemenls for e#¢h financial year whi¢h sive a tNe fair view of the state of affaits of the tharity and of th¢ incoming resources and applicalion of r¢sourc¢s ofthe ch￿lty for ih81 wiod. In prep#ring the financial stslemenls, Ihe trustees are required to: select suitable accounting poli¢i¢s and ihen apply them ¢onsislently; obseThe the rnethods and principles in the Charities SORP: make judgements and eslimal¢s (hal are reasonable and prudenl; sthte whether applicable UK a¢counting standards h8ve been followed. subject to any mal¢rial departUTe5 disclosed and ¢xpl8ined in the financial slatements; and prepare the finan¢i81 slalements on the 80in8 coneern bgsis unless il is inappropriate to presume that the ¢harity will ¢ontinue in busine5S. Th¢ truste¢5 are r¢sponsibl¢ for k¢¢ping proper A¢counlin8 rt¢ords thai disclose with reasonable x¢ur2cy at any time the financial posilion of the charity enable them lo ensure Ihal the financial 51at¢menls ¢omply with the Charities Ad 2011, Ihe applicabl¢ Charities (Accowits and R¢port5) Re8ul81ions. and the provisions of the constitution. The tn￿leeS are 81so responsible for safeguarding the assets of the charity hence for taking reasonable 5t¢ps for the pT¢venlion and ddection of fraud and olher ijTe8ulwilies. Approved by the tTus¢¥*S of the charity on .. . and signed on its behalf by: Ms Ch8ir phne Sorensen MIRACLEFEET UK INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES YEAR ENDED 30TH JUNE 2024 W¢ report on the accounts of the charity for the year ended 30th June 2024, which are set out on pages S to 7. Rtspectlve responslblllties of Trustees and Examlner The charAty'S trustees are r¢sponsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year undcr section 144 of the Charities Aet 2011 (the 2011 Act) and that an independent cxamination is nccdcd. It is our responsibility to: ¢xamine the accounts undeT section 145 of th¢ 2011 Act; to follow the proccdures laid down in the General Directions given by th¢ Charity Commission under section 145(5)(b} of thc 2011 Act. and to state whether particular matters have come to our att¢ntion. B&$fi$ of Independent Examinerls Report Our examination was carried out in accordance with the General Directions given by th¢ Charity Commission. An exan)ination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items OT disclosures in the accounts, and the seeking of explanations from you &$ Trustees conceming such matters. The procedures und¢rtaken do not provide all the evid¢n¢¢ that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'tru¢ and fair view, and the report is limited to those matters set out in the statement below. Independent Examfinerls Statement In connection with our examination, no matters have come to our attention Which would giive us reasonabl¢ cause to believe that in any rnatcrial respect the reqU1￿MentS to keep accounting records in accordance wlth Section 130 of the 2011 A¢t' and to prepare ac¢ounts which accord with the a¢counting records and to comply with the accounling requirements of the 2011 Act hav¢ not b¢en met. or To which, in our Opinio￿ attention should be drawn in order to enable a prop¢r understanding of thc accounts to be reached. 15 Olympic Court Bo8rdman$ Way Whitehills Business park BIAckpool FY4 5GU Deborah Walsh BA FCA For and on behalf of HORNE BROOKE SHENTON Chartered Accountants 22nd April 2025 MIRACLEFEET UK INCOME AND EXPEIYDITURE ACCOUNT YEAR ENDED 30TH JUNE 2024 Unrestricted funds Restricted funds 2024 Total funds 2023 Totsl funds Receipts: Public Erants Donations Interest received 121,955 1,183 121,955 22,657 502 19,25.1 10,345 122 21,474 502 Total receipts 123 l38 145 114 29.720 Payments: Grants paid Consumabl¢ equipmeni and shipping Inlernational Iraining Bank charges Accouniaiicy and independent examination fees {18,982) (75.767) (40,695) (5,493) (94,749) (40,695} (5,493) (320) (12.550) (11.882) (193) (1,020) (1,020) (960) Total payments 20,-322 121.955 (142277) 25,585 Net nf r(*eipts l (payments) 1,654 1,183 2037 Transf¢rs between funds Cash funds brough( forward 42,547 42,547 -18,412 Cash funds catried forward 44 oi 1,183 42,547 IIRACLEFEET IIK BALANCE SIIF.ET I'EAR ENDED 30TH JUNE 2024 2023 2024 Cnrrent isKts C&sh at Bank 42.547 42,547 45.384 45,384 Cumnt Ilibilitiei Other ereditors 42.547 To¢•1 •J$ests lesj ¢urren¢ Ilabllities 45,384 RtpreseDted by: 41547 Gtnernl fvnd Restricted fund 44,201 1.183 42.547 45.384 11-Ap::l-L< These f￿￿ela1 stsiements were kppmvtd by th¢ Ihmrd of trustees on ... and are sisned on iheir behalf by: Ms D Sorense Chair MIRACLEFEET UK NOTES TO THE INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 30TH JUNE 2024 l Accounting policies The accounting policies adopied are regularly reviewed to ensure that they rcmain the most appropriate for the circumstances of this Cliariiable IncorpoIated Organisalion. The financial statemenis have been prepated on a receiprs and payments basis, under the hisiorical cost nv¢ntion. ]ncomc is recognised wben it is actually Teceived. Expenditure is reco8nised wb¢n il is paid. 2 GrYdDts paid Grants paid during ih¢ y¢ar were.. Gambia Pakistsn Senegal Bolivia Togo United States 1,038 7,268 3,204 2,968 4,504 Th¢ United Siales grant was paid from restricted funds. All other grants were paid from ihc unrestricled fimds of ihc charity. Restricted funds Funding of £121,955 was received from Shoc Zone in the year ended 30th June 2024, which was restricied iowards the cost of clubfool training models aiid Ponseti traillillg. Tbese funds were expended in full in the year ended 30th June 2024. Funding of £1,183 was received from an itidividual donor for us¢ in projects in Giiyan2. These fi￿dS were carrted forward to be expended in the following year. 4 Trustees expenses No amounts were paid to Trustees during th¢ year.