Charity Accounts Intelreading the accounts so you don’t have to

MIRACLES

Registered charity 1041449 · accounts filings on the Charity Commission register

Latest income
£351k
Latest spending
£908k
Registered
1994
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity finished the period with a net deficit of £556,978, primarily due to the gift of the Miracles Centre valued at £524,567. Per the trustees' report, the charity holds unrestricted reserves of £180,025, which is below its stated policy target of maintaining three to six months' expenditure. The charity's activities were subsequently transferred to a new CIO on 1 January 2025.

What the accounts disclose

Reserves policy: three and six months' expenditure (held: £180k)
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Public fundraising profile: JustGiving — Miracles (matched by registered charity number).

Structured financials (annual return, FY ending 31/10/2023)

Total income
£536k
Total spending
£435k
Cost of raising funds
£43k
Reserves (reported)
£759k
Employees
8

Reported reserves equal ~20.9 months of spending — above the median for charities its size (median 7.0 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland · Throughout England

Income and spending

Financial year endIncomeSpending
31/12/2024£351k£908k
31/10/2023£536k£435k
31/10/2022£304k£274k
31/10/2021£325k£337k
31/10/2020£235k£322k

Common questions

Is MIRACLES financially healthy?

The accounts state that the charity finished the period with a net deficit of £556,978, primarily due to the gift of the Miracles Centre valued at £524,567. Per the trustees' report, the charity holds unrestricted reserves of £180,025, which is below its stated policy target of maintaining three to six months' expenditure. The charity's activities were subsequently transferred to a new CIO on 1 January 2025. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE ARCHBISHOPS' COUNCIL1£610k
ACHISOMOCH AID COMPANY LIMITED1£488k
THE BURDETT TRUST FOR NURSING1£97k
MAYFAIR CHARITIES LIMITED1£70k
THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION1£67k
THE GERTNER CHARITABLE TRUST1£42k
H C D MEMORIAL FUND1£40k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICHOLAS, SEVENOAKS1£39k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with FRIENDS OF MIR.