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2020-12-31-accounts

REVISION LIMITED

REPORT OF THE TRUSTEES

For the year ended 31[st] December 2020

The Trustees present their report and financial statements for the year ended 31[st] December 2020.

Name of the Charity ReVision Limited Company number 2789040 (England and Wales) Registered office 97 Brondesbury Road London NW6 6RY

Trustees

Trustees who served for all or part of 2020 are as follows:

Dave Williams Co-opted 4[th] March 2015 Elected 22[nd] January 2016 Re-elected 25[th] January 2019 Fiona Start Co-opted 8[th] March 2016 Elected 20[th] January 2017 Re-elected 24[th] January 2020 Juliet Lazarus Co-opted 8[th] March 2016 Elected 20[th] January 2017 Re-elected 24[th] January 2020 Eugenia Marna Elected 19th January 2018 Retired 16th March 2020 Elena Lokteva Co-opted 19th June 2018 Elected 25[th] January 2019 Susan Hird Co-opted 1[st ] July 2019 Elected 24[th] January 2020

Trustees are proposed by the Management Committee at the Annual General Meeting (AGM) and elected by the membership. Trustees are either ReVision graduates with an intimate knowledge of the running of the organisation or are drawn from the wider community for specialist knowledge they possess in fields such as finance, marketing, legal issues etc.

Statement of Trustees’ Responsibilities

The law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity for that period. In preparing those financial statements, the Trustees are required to:

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REVISION LIMITED

REPORT OF THE TRUSTEES (continued)

For the year ended 31[st] December 2020

The Trustees have overall responsibility for ensuring that the charity has appropriate systems of control, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any given time the financial position of the charity and to enable them to ensure that the financial statements comply with relevant regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for prevention of fraud and other irregularities.

Risk Management

A risk register is regularly reviewed by the Trustees. The register outlines a number of potential risks to the organisation in relation to their strategic impact and analyses them by their potential impact and likelihood of occurrence, lays out preparation and mitigation plans and highlights current actions which need to be taken.

Matters considered include keeping up student numbers, staff retention, recruitment and succession planning and future costs of premises etc as well as financial and legal compliance issues. These have all been the subject of detailed discussion at Trustee meetings as well as being recorded on the risk register.

Objectives and Activities (principal activity)

The objectives of the charity as specified in the Articles and Memorandum are to promote the preservation and protection of mental health, to advance education in mental health and related subjects and to relieve persons suffering from psychological, emotional or spiritual illness, dis-ease or distress.

This will be achieved in particular by providing and assisting in the provision of workshops, classes, seminars, training, groups and conferences for counsellors and psychotherapists and for the general public; by providing, and assisting in the provision of, counselling and psychotherapy for those suffering illness or distress, their families and those who may care for them, and by providing support and assistance to those engaged in the helping professions (including counsellors and psychotherapists)

ReVision is an Educational Charity and the principal activity is delivering a high-quality training in Integrative Transpersonal Counselling (BACP Accredited) and Psychotherapy (UKCP Accredited).

We also offer post-graduate courses in Clinical Supervision, Couple Counselling, Group Facilitation and a variety of short courses and workshops providing Continuous Professional Development opportunities for our own graduates and other suitably qualified practitioners.

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REVISION LIMITED

REPORT OF THE TRUSTEES (continued)

For the year ended 31[st] December 2020

Public Benefit

ReVision has continued to provide for public benefit through its educational and personal and professional development programme, including the bursary scheme for individuals who would not otherwise be able to access this opportunity. ReVision also provides a low-cost counselling service which is open to all members of the local and wider community to improve mental health and well-being. This service has become more and more necessary with the difficulties experienced in funding by other organisations in the mental health field leaving gaps in provision and the service has been expanding slowly over the last few years.

Status

The Charity is constituted as a non-profit educational company no. 02789040 and a charity no. 1068739 and is governed by the Memorandum of Association and Constitution as amended in January 2017.

Mission statement

ReVision aims to change people’s quality of life – to catalyse psychological, social and spiritual transformation.

We accomplish this through combining clinical excellence and soulful care in our counselling and psychotherapy training, public courses and affordable counselling.

We aim to provide greater accessibility to counselling and psychotherapy by embracing difference and challenging oppression both within the ReVision community and in our relations with the public.

Membership

There are four categories of members:

Volunteers

The organisation does not currently make use of volunteers.

Achievements and Performance

ReVision has successfully managed the challenges of Covid so far, although it has not been an easy ride.

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REVISION LIMITED

REPORT OF THE TRUSTEES (continued)

For the year ended 31[st] December 2020

In spring 2020 it was already clear that interest in our training was at an all time high, and that interest continued, despite training having to move on-line completely from the end of March 2020 and throughout the whole of the 20/21 academic year. Thus despite the pandemic, plans continued for the autumn 2020 intake to run to run two cohorts of the foundation year, stage 1 – one in the usual weekend format and the other running every Tuesday in term time.

So in autumn 2020 we welcomed 33 students on to stage 1 in the two cohorts. There were 16 students in Stage 2; 7 in Stage 3; and 14 in Stage 4. That is a total of 70 students on the main training – a record for ReVision. Part one of the supervision training ran with 18 students. Transitions ran on-line with a total of 80 participants over seven courses during the year.

The challenges for all staff were tremendous, from the admin staff at the forefront of arranging changes to timetables and training and supporting the move on-line, to the training staff who quickly became proficient with the software and found new and creative ways of working via the internet. There was a great pressure on management and hopes for the two Directors to start the process of succession planning and reduce their hours were put on hold.

Financial Review

The figures show a surplus for the year of £25,050. The most significant element in this, a year where we budgeted to break even, was the high student numbers. ReVision was lucky in that although there were losses such as income from room hire, these were balanced out by some lower expenditure on, for instance, premises expenses and utilities. Reserves stand at over £130,000 at the end of the year.

Reserves and Investment Policy

The reserves policy was fully reviewed in early 2018 by the Trustees when it was agreed that the reserve should be adequate to fully cover all costs and commitments should unforeseen circumstances mean that organisational closure would be the most logical step for ReVision.

That sum has been assessed as between £70,000 and £75,000. This figure was confirmed again in 2020 as being appropriate. Reserves are kept in low-risk and accessible investments which are regularly reviewed.

Future Plans

The intake of students for 2021 looks like it will again be high, with the large stages 1 and 2 from 2020 feeding through into large stages 2 and 3 for 2021.

The management structure has been reviewed and by the end of 2021 it is hoped that more staff will have been brought in to manage the increased number of students and necessary future developments. A phased return to the building is being planned but we remain mindful of the fact that the pandemic is not over and such plans may be subject to change.

In this time of uncertainty, the high reserves level will allow the Trustees to make any necessary investments over the next year or so to improve organisational resilience without depleting the reserves below the agreed level.

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REVISION LIMITED

REPORT OF THE TRUSTEES (continued)

For the year ended 31[st] December 2020

Approved on behalf of the Trustees by :

…………………………. ……………………… Susan Hird Elena Lokteva Trustee Trustee …………………………. ……………………… Date Date

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REVISION LIMITED STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31st December 2020

Note
Incoming resources
Incoming resources from charitable activities
Training
Counselling service
Community and membership
Total incoming resources
3
Resources expended
Charitable activities
Training
Counselling service
Community and membership
Governance
Total resources expended
6
Net incoming/(outgoing) resources
Total funds brought forward
Total funds carried forward		 Total
2020
£
334,569
14,233
15,645
364,447
299,419
16,660
17,607
5,711
339,397
25,050
109,889
134,939		 Total
2019
£
345,190
18,733
19,375
383,298
324,498
19,573
16,879
5,571
366,521
16,777
93,112
109,889

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REVISION LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019

Notes
Fixed assets
Tangible fixed assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors
Amount falling due within one year
13
Net current assets/(liabilities)
Total assets less current liabilities
Funds
Unrestricted
Designated		 2019
£
137,614
259,943		 2019
£
1,765
133,174
134,939
134,939
-
134,939		 2018
£
118,542
217,104		 2018
£
2,353
107,536
397,557
(264,383)		 335,646
(228,110)
109,889
109,889
-
109,889

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REVISION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2020

1. Limited Liability

Revision Ltd is a company limited by guarantee. The Memorandum of the Association restricts the liability of members on winding up to £10. In the case of winding up none of the accumulated fund is distributed to members but shall be given or transferred to some other charitable institution having similar objectives.

2. Accounting Policies

The financial statements have been prepared under the historical costs convention and in accordance with applicable accounting standards and comply with Charities SORP.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Furniture, Fixtures & Fittings 25% on straight-line basis Computer & Equipments 25% on straight-line basis

(b) Incoming resources

Income is accounted for on an accruals basis. Its recognised in the statement of financial activities when entitlement has passed to the charity and the amount is measurable. Any incoming resources received that relate to future periods are deferred on the balance sheet.

(c) Resources expended

Resources expended are accounted for on an accruals basis. Expenditure is allocated to activity categories based on the amount attributed to the activity in the year.

Charitable activity costs comprises those costs that contribute directly to an activity and are allocated to the relevant activity.

Support costs comprise those costs that are necessary to deliver an activity but in themselves do not produce or deliver an activity. Support costs are allocated to activities based on the direct salary costs of the activity compared with total activity salary costs.

(e) Funds

Restricted funds are funds received for specific conditions set by donors as to how they may be used. The charity did not received any restricted funds during the year.

General funds are those funds made available for the charity's general objects. All funds received during the year were general funds.

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REVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31st December 2020

  1. Incoming resources from charitable activities
Training, workshop & publication
Counselling services
Community, membership & events
Donations and other
4.
Total resources
Training
expended
£
Staff costs
42,328
Revision training
153,467
Premises costs
19,841
& events
6,400
Insurance
3,196
Depreciation
540
Administration
33,868
Total
259,640
39,779
Total
299,419
5.
Support costs
Staff Salaries
Premises
Insurance
Administration
Total
6.
Analysis of total resources expended
Training
Counselling services
Community and membership
Governance
Marketing, PR, subs
Allocation of support
costs		 Counselling
services
£
1,532
10,208
1,117
272
180
23
1,888
15,220
1,440
16,660
Training
£
18,139
7,809
1,033
12,798
39,779		 Training
£
334,569
-
-
-
334,569
Community &
membership
£
1,684
11,743
789
299
127
25
1,357
16,024
1,583
17,607
Counselling
service
£
657
283
37
463
1,440
Activities
undertaken
directly
£
259,100
15,197
15,999
5,189
295,485		 Counselling
service
£
-
14,233
-
-
14,233
Governance
£
555
-
617
-
344
-
3,673
5,189
522
5,711
Community &
membership
£
722
311
41
509
1,583
Support
costs
£
39,779
1,440
1,583
522
43,324		 Community &
membership
£
-
-
15,497
148
15,645
Support
costs
£
19,757
-
8,504
-
1,125
-
13,938
43,324
(43,324)
-
Governance
£
238
102
14
168
522
Depreciation
£
540
23
25
-
588		 Total
2020
£
334,569
14,233
15,497
148
364,447
Total
2020
£
65,856
175,418
30,868
6,971
4,972
588
54,724
339,397
-
339,397
Total
2020
£
19,756
8,505
1,125
13,938
43,324
Total
2020
£
299,419
16,660
17,607
5,711
339,397		 Total
2019
£
345,190
18,733
18,178
1,197
383,298
Total
2019
£
64,257
203,932
42,035
11,548
4,870
784
39,095
366,521
Total
2019
£
19,277
11,225
1,123
9,323
40,948
Total
2019
£
324,498
19,573
16,879
5,571
366,521

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REVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2020

7. Total resources expended

7. Total resources expended
This is stated after charging: 2020 2019
£ £
Depreciation 588 784
Accountants fee 2,040 1,920
8. Employee information 2020 2019
£ £
Staff salaries 56,251 55,400
Social security costs 701 780
Pension 1,626 1,394
Freelance staff 7,277 6,962
65,855 64,536
Average number of employees during the year: 2020 2019
Charitable activities 4 4

9. Taxation

Due to the organisation's charitable status, no corporation tax arose on the incoming resources less resources expended for the year ended 31st December 2020; (2019: nil).

10 Trustees

Therer were no reimbursements made to the trustees for expenses incurred in carrying out the organisation's activities (2019: £272).

13

REVISION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2020

11.
Tangible fixed assets
Cost
1 January 2020
Additions
31 December 2020
Depreciation
1 January 2020
Charge for the year
31 December 2020
Net book value
31 December 2020
31 December 2019
12.
Debtors
Trade Debtors
Prepayments
Other debtors
13.
Creditors - amounts falling due within one year
Trade creditors
Deferred income
Fees received in advance
Other taxes and social security
Pension
Accruals & other creditors
14.
Analysis of net assets
Net current assets
Fixed assets
General Funds
15.
Analysis of funds
Unrestricted
£
Opening balance
109,889
Net incoming/(outgoing resources)
25,050
Closing balance
134,939		 Designated
£
-
-
-		 Total
£
25,827
-
25,827
23,474
588
24,062
1,765
2,353
2020
£
121,735
9,754
6,125
137,614
2020
£
679
236,811
7,057
555
305
18,976
264,383
2020
£
133,174
1,765
134,939
2020
£
109,889
25,050
134,939		 2019
£
103,122
9,295
6,125
118,542
2019
£
10,796
195,911
18,404
663
296
2,040
228,110
2019
£
107,536
2,353
109,889
2019
£
93,112
16,777
109,889
  1. Capital commitments

At 31st December 2020 there were no capital commitments (2019 - nil).

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REVISION LIMITED Year ended 31st December 2020

ACCOUNTANTS' REPORT TO THE MEMBERS ON THE UNAUDITED FINANCIAL STATEMENTS OF REVISION LIMITED

In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the statement of financial activities, the statement of financial position and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Committee Members who are the directors of Revision Limited for the purpose of company law and who also act as Trustees for the charitable activities of Revision Limited and are responsible for the preparation of financial statements.

Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's members that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Association of Chartered Certified Accountants and have complied with the ethical guidance laid down by the Association relating to members undertaking the compilation of financial statements. You have acknowledged on statement of financial position for the year ended 31 December 2020 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006.

You consider that an audit is not required for this period (under s43(2) of the Charities Act 1993, as amended by s28 of the Charities Act 2006) and we have not therefore been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and consequently no opinion is given as to whether the accounts present and true and fair view and the report is limited to those matters set out in the statement below.

In the course of our examination, no matter has come to our attention:

  1. which gives us reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with s41 Charities Act 1993, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or

  2. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

James Reeves & Company Chartered Certified Accountants 11 Church Crescent London N3 1BE

Dated: 14 September 2021

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