REGISTERED CHARITY NUMBER: 1166106
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
FOR
MIRACLES MISSION
MIRACLES MISSION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
MIRACLES MISSION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2023
The trustees present their report with the financial statements of the charity for the year ended 5 April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of animal welfare and benefit of the public to relieve the suffering of animals in need of care and attention and, in particular, to provide and maintain rescue homes or other facilities for the reception, care and treatment of such animals.
Aims
To promote human behaviour towards animals by providing appropriate care, protection, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage and to educate the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering among animals.
FINANCIAL REVIEW
Financial position and reserves policy
The net surplus for the year ended 5 April 2023 was £19,466 (2022: £130,984). When added to the brought forward reserves of £385,708 (2022: £254,724), the total reserves at the year-end are £405,174 (2022: £385,708).
Going concern
The trustees keep under review the level of free reserves to ensure the charity's continuance in future years. The actual free reserves at 5 April 2023 being those not tied up in fixed assets, long term investments, designated for a specific purpose or restricted, are £29,482 (2022: £9,669). The trustees consider that the level of free reserves at 5 April 2023 provides sufficient surplus to cover any shortfall in future months.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
It is the responsibility of the existing trustees to recruit and appoint new members to the Board. The Board will appoint members that are sufficiently skilled to carry out their role as trustee.
Induction and training of new trustees
Most existing trustees are already familiar with the practical nature of the charity. Induction and relevant training is provided as required.
Risk management
The trustees continue to monitor and refine the processes in place to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to mitigate any risks identified. The charity is in the process of producing a risk register which will assist in monitoring and addressing any risks identified.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1166106
Principal address
1 School Road Carlisle CA1 3LX
Page 1
MIRACLES MISSION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2023
Trustees
V Bryceson W Corrigan C Bryceson
Key management personnel
V Bryceson
Approved by order of the board of trustees on 3 November 2023 and signed on its behalf by:
V Bryceson - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MIRACLES MISSION
Independent examiner's report to the trustees of Miracles Mission
I report to the charity trustees on my examination of the accounts of Miracles Mission (the Trust) for the year ended 5 April 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mary Blyth
3 November 2023
Page 3
MIRACLES MISSION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023
| 2023 Unrestricted fund Notes £ INCOME FROM Donations and legacies 2 110,956 Other trading activities 3 46,681 Total 157,637 EXPENDITURE ON Raising funds 4 6,561 Charitable activities 5 Animal welfare 131,610 Total 138,171 NET INCOME 19,466 RECONCILIATION OF FUNDS Total funds brought forward 385,708 TOTAL FUNDS CARRIED FORWARD 405,174 |
2022 Total funds £ 181,615 74,188 255,803 15,656 109,163 124,819 130,984 254,724 385,708 |
|---|---|
The notes form part of these financial statements
Page 4
MIRACLES MISSION
BALANCE SHEET 5 APRIL 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 692 Investment property 10 375,000 375,692 CURRENT ASSETS Cash at bank 57,089 CREDITORS Amounts falling due within one year 11 (27,607) NET CURRENT ASSETS 29,482 TOTAL ASSETS LESS CURRENT LIABILITIES 405,174 NET ASSETS 405,174 FUNDS 12 Unrestricted funds 405,174 TOTAL FUNDS 405,174 |
2022 Total funds £ 1,039 375,000 376,039 64,157 (54,488) 9,669 385,708 385,708 385,708 385,708 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 3 November 2023 and were signed on its behalf by:
V Bryceson - Trustee
The notes form part of these financial statements
Page 5
MIRACLES MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting 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.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements are presented in Sterling (£).
Going concern
The financial statements have been prepared on a going concern basis, which the trustees believe to be appropriate for the reasons set out in the Trustee's Report.
Judgements
The charity considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The trustees consider there are no such significant judgements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the income, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised 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 headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Raising funds
Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable activities.
Charitable activities
Costs of charitable activities are incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost Motor vehicles - 20% on cost
continued...
Page 6
MIRACLES MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2023
1. ACCOUNTING POLICIES - continued
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Financial instruments
The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
2. DONATIONS AND LEGACIES
| Donations 3. OTHER TRADING ACTIVITIES Fundraising events |
2023 £ 110,956 2023 £ 46,681 |
2022 £ 181,615 2022 £ 74,188 |
|---|---|---|
continued...
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MIRACLES MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2023
4. RAISING FUNDS
Investment management costs
| Support costs CHARITABLE ACTIVITIES COSTS Animal welfare SUPPORT COSTS Investment management costs Animal welfare |
2023 £ 174 Grant Support Direct funding of costs (see Costs activities note 6) £ £ £ 126,778 670 4,162 Governance Finance costs £ £ - 174 346 3,816 346 3,990 |
2022 £ 1,562 Totals £ 131,610 Totals £ 174 4,162 4,336 |
|---|---|---|
5. CHARITABLE ACTIVITIES COSTS
6. SUPPORT COSTS
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2023 nor for the year ended 5 April 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2023 nor for the year ended 5 April 2022.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME FROM Donations and legacies Other trading activities |
Unrestricted fund £ 181,615 74,188 |
|---|---|
| Total | 255,803 |
| EXPENDITURE ON Raising funds Charitable activities Animal welfare |
15,656 109,163 |
| Total | 124,819 |
continued...
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MIRACLES MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2023
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | ||||
|---|---|---|---|---|
| fund | ||||
| £ | ||||
| NET INCOME | 130,984 | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 254,724 | |||
| TOTAL FUNDS CARRIED FORWARD | 385,708 | |||
| 9. | TANGIBLE FIXED ASSETS | |||
| COST | Plant and Motor machinery vehicles £ £ |
Totals £ |
||
| At 6 April 2022 and 5 April 2023 | 185 1,500 |
1,685 | ||
| DEPRECIATION | ||||
| At 6 April 2022 | 46 600 |
646 | ||
| Charge for year | 47 300 |
347 | ||
| At 5 April 2023 | 93 900 |
993 | ||
| NET BOOK VALUE | ||||
| At 5 April 2023 | 92 600 |
692 | ||
| At 5 April 2022 | 139 900 |
1,039 | ||
| 10. | INVESTMENT PROPERTY | |||
| FAIR VALUE | £ | |||
| At 6 April 2022 | ||||
| and 5 April 2023 | 375,000 | |||
| NET BOOK VALUE | ||||
| At 5 April 2023 | 375,000 | |||
| At 5 April 2022 | 375,000 | |||
Included in investment property is freehold land valued at £375,000 (2022 - £375,000).
continued...
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MIRACLES MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2023
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| £ | £ | ||||
| Trade creditors | 5,460 | 903 | |||
| Other creditors | 22,147 | 53,585 | |||
| 27,607 | 54,488 | ||||
| 12. | MOVEMENT IN FUNDS | ||||
| Unrestricted funds | At 6/4/22 £ |
Net movement in funds £ |
At 5/4/23 £ |
||
| General fund | 385,708 | 19,466 | 405,174 | ||
| TOTAL FUNDS | 385,708 | 19,466 | 405,174 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
||
| General fund | 157,637 | (138,171) | 19,466 | ||
| TOTAL FUNDS | 157,637 | (138,171) | 19,466 | ||
| Comparatives for movement in funds | |||||
| Unrestricted funds | At 6/4/21 £ |
Net movement in funds £ |
At 5/4/22 £ |
||
| General fund | 254,724 | 130,984 | 385,708 | ||
| TOTAL FUNDS | 254,724 | 130,984 | 385,708 |
continued...
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MIRACLES MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2023
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 255,803 255,803 |
Resources Movement expended in funds £ £ (124,819) 130,984 (124,819) 130,984 |
|---|---|---|
General Fund
Is available for use at the discretion of the Trustees in accordance with the Miracles Mission charitable objectives. It is maintained at a level sufficient to allow the organisation time to adjust to changing financial circumstances.
13. RELATED PARTY DISCLOSURES
The charity has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
There were no related party transactions for the year ended 5 April 2023 nor for the year ended 5 April 2022.
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MIRACLES MISSION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023
| INCOME Donations and legacies Donations Other trading activities Fundraising events Total incoming resources EXPENDITURE Raising donations and legacies Event costs Purchases Charitable activities Light and heat Animal welfare Advertising Hire of plant and machinery Motor and travelling expenses Repairs and renewals Bank charges Post and stationery Computer costs Cleaning costs Donations Support costs Finance Depreciation of tangible fixed assets Governance costs Independent examiners fee Legal fees Total resources expended Net income |
2023 £ 110,956 46,681 157,637 2,805 3,582 6,387 1,572 120,692 382 - 1,802 - 334 694 626 676 670 127,448 346 3,816 174 3,990 138,171 19,466 |
2022 £ 181,615 74,188 255,803 13,596 498 14,094 935 103,015 249 280 - 152 388 163 779 193 224 106,378 346 2,439 1,562 4,001 124,819 130,984 |
|---|---|---|
This page does not form part of the statutory financial statements
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