The Miracle Network Charity Accounts

COMPANY REGISTRATION NUMBER: 04915848

CHARITY REGISTRATION NUMBER: 1108852

The Miracle Network

Company Limited by Guarantee

Unaudited Financial Statements

31 October 2025

The Miracle Network

Company Limited by Guarantee

Financial Statements

Year ended 31 October 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Chartered certified accountants report to the board of trustees on the preparation of the unaudited statutory financial statements	4

Statement of financial activities (including income and expenditure account)	5

Statement of financial position	6

Notes to the financial statements	7

The Miracle Network

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 October 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 October 2025 .

Reference and administrative details

Registered charity name	The Miracle Network

Charity registration number	1108852

Company registration number	04915848

Principal office and registered	Flat 204
office	Holcroft Court
	Clipstone Street
	W1W 5DJ
	London

The trustees

	I M Patrick
	J P Whiting
	D J Strodl
	J. L Campbell	(Resigned 7 November 2025)

Accountants	Krish Jermyn
	Chartered Certified Accountants
	Unit 2 Bradburys Court
	Lyon Road
	Harrow
	Middx
	HA1 2BY

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 have served during the year are as per the information provided. 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 or death 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 damage to financial sustainability is the major risk for the charity. A key element 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

Objectives and activities

When planning our activities for the year, the Miracle Network has considered the Commission's guidance on public benefit. In particular, the Miracle Network is committed to supporting students of A Course in Miracles through the distribution of a bi-monthly magazine 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 the Miracle Network is to seek additional finance to maintain and improve its program 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:

15% discount off the full price at all events if purchased one month ahead of the event. The events are advertised two months ahead of the event.

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 or an event.

Achievements and performance

Developments, Activities and Achievements

The primary function of the 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 include topics such as: 'Development of Trust', 'The Non-Dual Aspect of A Course in Miracles', 'How To Be A Miracle Worker'. We also ran an In-Person and Online workshop, 'A Course in Miracles - Forgiveness As The Means of Awakening'

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 2024 with the title, 'Finding Our Way Home' and in May 2025 with the title, 'Developing Miracle Mindedness'

Monthly Miracle Cafe online gatherings: We have been doing these shorter gatherings to include topics like: 'The Strength in Gentleness', 'Living A Course in Miracles Every Day', 'The Miracle of Mindfulness'

Six Editions of Miracle Worker magazine, published and distributed online and on paper. Themes included: 'Turning Blocks into Gifts', 'Purifying the Mind', 'Bringing Love Into the World', 'Forgiveness is Our Pathway Home'.

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.

Financial review

Some 50% of the Miracle Network's income is provided through public 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.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 19 October 2026 and signed on behalf of the board of trustees by:

I M Patrick	D J Strodl
Trustee	Trustee

The Miracle Network

Company Limited by Guarantee

Chartered Certified Accountants Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of The Miracle Network

Year ended 31 October 2025

As described on the statement of financial position, the trustees of the charity are responsible for the preparation of the financial statements for the year ended 31 October 2025, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes.

You consider that the charity is exempt from an audit under the Companies Act 2006.

In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Krish Jermyn Chartered Certified Accountants

Unit 2 Bradburys Court Lyon Road Harrow Middx HA1 2BY

19 October 2026

The Miracle Network

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 October 2025

	2025		2024
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	33,279	33,279	23,878
Charitable activities	6	23,736	23,736	16,689
		--------	--------	--------
Total income		57,015	57,015	40,567
		--------	--------	--------

Expenditure

Expenditure on charitable activities	7,8	54,799	54,799	49,332
Other expenditure	9	1,301	1,301	1,129
		--------	--------	--------
Total expenditure		56,100	56,100	50,461
		--------	--------	--------

	--------	--------	--------
Net income/(expenditure) and net movement in funds	915	915	( 9,894)
	--------	--------	--------

Reconciliation of funds

Total funds brought forward	18,685	18,685	28,579
	--------	--------	--------
Total funds carried forward	19,600	19,600	18,685
	--------	--------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The Miracle Network

Company Limited by Guarantee

Statement of Financial Position

31 October 2025

	2025	2024
Note	£	£

Current assets

Cash at bank and in hand	21,156	20,241

Creditors: amounts falling due within one year	12	420	420
		--------	--------
Net current assets		20,736	19,821
		--------	--------
Total assets less current liabilities		20,736	19,821

Creditors: amounts falling due after more than one year	13	1,136	1,136
		--------	--------
Net assets		19,600	18,685
		--------	--------

Funds of the charity

Unrestricted funds		19,600	18,685
		--------	--------
Total charity funds	15	19,600	18,685
		--------	--------

For the year ending 31 October 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 19 October 2026 , and are signed on behalf of the board by:

I M Patrick	D J Strodl
Trustee	Trustee

The Miracle Network

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Flat 204, Holcroft Court, Clipstone Street, W1W 5DJ, London.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The company is limited by guarantee

5. Donations and legacies

Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

Donation incl Stand Orders	15,457	15,457	4,386	4,386
Donation - Gift Aid	8,736	8,736	11,111	11,111
HMRC Gift Aid Deposit	3,172	3,172	2,844	2,844
Mail Order and Postage	2,807	2,807	2,059	2,059

Subscriptions

Subscriptions include S/Os	1,200	1,200	1,307	1,307
Subscriptions include S/Os - Gift Aid	1,342	1,342	1,506	1,506
Downloads & Recordings	565	565	665	665
	--------	--------	--------	--------
	33,279	33,279	23,878	23,878
	--------	--------	--------	--------

6. Charitable activities

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Advertising Income	963	963	3,555	3,555
Conference Income	6,115	6,115	2,646	2,646
Miracle Cafe	2,338	2,338	2,023	2,023
Workshop Income	14,320	14,320	8,465	8,465
	--------	--------	--------	--------
	23,736	23,736	16,689	16,689
	--------	--------	--------	--------

7. Expenditure on activities in the further care of the charity's

objectives

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Activities carried out	54,799	54,799	49,332	49,332
	--------	--------	--------	--------

8. Activities in the further care of the charity's objectives

	Activities undertaken directly	Total funds 2025	Total fund 2024
	£	£	£
Activities carried out	54,799	54,799	49,332
	--------	--------	--------

9. Other expenditure

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Other expenditure - Bank charges	1,301	1,301	1,129	1,129
	-------	-------	-------	-------

10. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2025	2024
	£	£
Wages and salaries	21,600	21,600
	--------	--------

The average head count of employees during the year was 1 (2024: 1 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2025	2024
	No.	No.
Trustees	1	1
	----	----

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

11. Trustee remuneration and expenses

One or more trustees has been paid remuneration or received other benefits from employment with the charity or a related entity

12. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	420	420
	----	----

13. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Accruals and deferred income	1,136	1,136
	-------	-------

14. Deferred income

	2025	2024
	£	£
At 1 November 2024	1,136	1,136
	-------	-------

15. Analysis of charitable funds

Unrestricted funds

	At 1 November 2024	Income	Expenditure	At 31 October 2025
	£	£	£	£
General funds	18,685	57,015	(56,100)	19,600
	--------	--------	--------	--------

	At 1 November 2023	Income	Expenditure	At 31 October 2024
	£	£	£	£
General funds	28,579	40,567	(50,461)	18,685
	--------	--------	--------	--------