## **REVISION LIMITED**
## **REPORT OF THE TRUSTEES**
## **For the year ended 31[st] December 2022**
The Trustees present their report and financial statements for the year ended 31[st] December 2022.
## **Structure, Governance and Management**
Name of the charity ReVision Limited Registered number 2789040 (England and Wales) Registered office 97 Brondesbury Road London NW6 6RY
## **Trustees**
Trustees who served for all or part of 2022 and up to the date of signing these accounts
Dave Williams Co-opted 4[th] March 2015 Elected 22[nd] January 2016 Re-elected 25[th] January 2019 Retired 30[th] September 2022 Fiona Start Co-opted 8[th] March 2016 Elected 20[th] January 2017 Re-elected 24[th] January 2020 Retired 29[th] March 2023 Susan Hird Co-opted 1[st ] July 2019 Elected 24[th] January 2020 Retired 29[th] March 2023 Audrey Stephenson Co-opted 1 November 2021 Elected 2[nd] March 2022 Shelley Adams Co-opted 21 February 2022 Elected 2[nd] March 2022 Justine Brooks Co-opted 7[th] December 2022 Elected 29[th] March 2023
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 2022**
- select suitable accounting policies and the apply them consistently;
- make judgment and estimates that are reasonable and prudent;
- state whether applicable Accounting Standards and Statements of Recommended Practice have been followed, subject to any departures disclosed and explained in the accounts; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business.
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, accreditation matters, 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.
It should be noted that the mitigations for risks analysed in earlier years regarding being unable to use the building – even though at that point the most likely concern had been fire or other building problems - were crucial elements of our being able to continue our training remotely throughout Covid lockdowns.
## **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 and UKCP Accredited) and Psychotherapy (UKCP Accredited).
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## **REVISION LIMITED**
## **REPORT OF THE TRUSTEES (continued)**
## **For the year ended 31[st] December 2022**
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.
## **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:
(i) Trainers, and (ii) Subscribing Graduate Members who will have full voting rights (iii) Students of ReVision, and (iii) Honorary Members, (and Graduates who are not subscribing Graduate Members), who will have the right to attend general meetings, the Annual Community Meeting and the Annual General Meeting and will not have any voting rights.
## **Volunteers**
The organisation does not currently make use of volunteers.
## **Achievements and Performance**
Interest in our training has continued to grow over the last few years despite Covid uncertainty and in autumn 2022 we welcomed 33 students on to stage 1 between the two
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## **REVISION LIMITED**
## **REPORT OF THE TRUSTEES (continued)**
## **For the year ended 31[st] December 2022**
intakes. There were 15 students in Stage 2; 18 in Stage 3; and 15 in Stage 4. With 81 students in the core training that was once again a record for ReVision.
This high level of growth over the last few years has coincided with the organisation having to negotiate lockdown and all the attendant challenges that this threw up. The changes managed by staff (and students) in the face of these difficulties cannot be underestimated. As things have returned to normal, the organisation has had to cope both with returning to inperson learning and with accommodating and organising larger numbers than pre-Covid. Our training staff team has grown with the increase in students, but growth in management and support has taken a little longer. With a new Training Director starting in autumn 2023, there will be more developments to come over the next couple of years. The number of students on the roll joining in autumn 2023 looks similar to 2022; and for 2024 we already have substantial interest in our biennial Advanced Psychotherapy training.
Throughout 2022 and into 2023, we have been investing in IT and the building to better support our students. We have updated our bursary offer to help develop a more diverse student body. The training staff have been developing and consolidating the unique models and framework that have made ReVision’s training so resonant for students.
## **Financial Review**
The figures show a deficit for the year of £69,219. This should be looked at in the context of the significant surpluses achieved in the two previous years: £34,606 in 2021 and £25,050 in 2020. High student numbers accounted for part of these surpluses, alongside the postponement of some significant building expenditure and delay in appointing to new posts both of which gave large in- year savings.
2022 was an exceptional year and the substantial use of the reserves had been budgeted for. Such spending included postponed work on the building including exterior painting and a contribution to repairs to the roof, as well as delayed improvements to the training rooms and improved IT. During the first half of 2022 there was also continued use of external rooms for much of our training as we were in process of improving our training rooms. There were no resources to run our post-graduate courses such as Supervision which can bring in significant income, nor to bring back and increase Income from our internal consulting room hire. Also, in 2022 there was an increase in administrative staff provision to keep up with the increased student numbers, and the payment structure for freelance staff was overhauled and uprated for the first time since 2019.
The financial position in 2023 will be much nearer a break-even position and reserves will not fall below the agreed minimum level. From 2024 onwards, ReVision expects to return to a modest surplus year on 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.
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## **REVISION LIMITED**
## **REPORT OF THE TRUSTEES (continued)**
**For the year ended 31[st] December 2022**
Approved on behalf of the Trustees by:
…………………………. ……………………… Shelley Adams Audrey Stephenson _Trustee Trustee_ …………………………. ……………………… Date Date
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## **REVISION LIMITED STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31st December 2022**
|**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**
**2022**
**£**
479,971
12,808
7,790
500,569
522,877
16,396
24,176
6,339
569,788
(69,219)
169,545
100,326|**Total**
**2021**
**£**
399,745
14,837
4,355|
|---|---|---|
|||418,937|
|||357,299
15,843
1,412
9,777|
|||384,331|
|||34,606
134,939|
|||169,545|
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## **REVISION LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2022**
|**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|**2022**
**£**
147,910
267,179|**2022**
**£**
7,198
93,128
100,326
100,326
-
100,326|**2021**
**£**
131,178
328,896|**2021**
**£**
3,511
166,034|
|---|---|---|---|---|
||415,089
(321,961)||460,074
(294,040)||
||||||
|||||169,545|
|||||169,545
-|
|||||169,545|
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**REVISION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2022**
## 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.
- (a) Tangible fixed assets
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 a reducing balance basis Computer & Equipments 25% on a reducing balance 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.
## (d) Allocation of costs
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 2022**
3. **Incoming resources from charitable activities**
|Training, workshop & publication
Counselling services
Community, membership & events
Donations and other
4.
**Total resources**
**Training**
**expended**
**£**
Staff costs
96,477
Revision training
257,657
Premises costs
59,871
& events
4,936
Insurance
3,197
Depreciation
2,301
Administration
37,766
**Total**
**462,205**
60,672
**Total**
**522,877**
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**
**£**
1,993
10,086
1,711
132
91
61
1,069
**15,143**
1,253
**16,396**
**Training**
**£**
31,938
18,126
707
9,901
**60,672**|**Training**
**£**
479,971
-
-
-
**479,971**
**Community &**
**membership**
**£**
1,212
20,799
752
80
40
38
493
**23,414**
762
**24,176**
**Counselling**
**service**
**£**
660
374
15
204
**1,253**
**Activities**
**undertaken**
**directly**
**£**
459,904
15,082
23,376
5,964
**504,326**|**Counselling**
**service**
**£**
-
12,808
-
-
**12,808**
**Governance**
**£**
597
-
1,657
-
360
-
3,350
**5,964**
375
**6,339**
**Community &**
**membership**
**£**
401
228
9
124
**762**
**Support**
**costs**
**£**
60,672
1,253
762
375
**63,062**|**Community &**
**membership**
**£**
-
-
6,540
1,250
**7,790**
**Support**
**costs**
**£**
33,197
-
18,841
-
735
-
10,289
**63,062**
(63,062)
**-**
**Governance**
**£**
198
112
4
61
**375**
**Depreciation**
**£**
2,301
61
38
-
**2,400**|**Total**
**2022**
**£**
**479,971**
**12,808**
**6,540**
**1,250**
**500,569**
**Total**
**2022**
**£**
**133,476**
**288,542**
**82,832**
**5,148**
**4,423**
**2,400**
**52,967**
**569,788**
**-**
**569,788**
**Total**
**2022**
**£**
**33,197**
**18,840**
**735**
**10,290**
**63,062**
**Total**
**2022**
**£**
**522,877**
**16,396**
**24,176**
**6,339**
**569,788**|Total
2021
**£**
399,745
14,837
3,625
730|
|---|---|---|---|---|---|---|
|||||||418,937|
|||||||Total
2021
£
74,704
197,066
38,416
2,600
4,269
1,169
66,107|
|||||||384,331|
|||||||Total
2021
**£**
22,411
10,702
925
15,881|
|||||||49,919|
|||||||Total
**2021**
**£**
357,299
15,843
1,412
9,777|
|||||||384,331|
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## **REVISION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2022**
|7.
**Total resources expended**
This is stated after charging:
Depreciation
Accountants fee
8.
**Employee information**
Staff salaries
Social security costs
Pension
Freelance staff
Average number of employees during the year:
Charitable activities|**2022**
**£**
2,400
2,040
**2022**
**£**
118,168
4,472
3,546
7,290
133,476
**2022**
6|2021
**£**
1,170
2,040|
|---|---|---|
|||2021
**£**
63,093
-
1,915
9,696|
|||74,704|
|||2021
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 2022; (2021: nil).
## 10 **Trustees**
During the period S Adams was reimbursed £147 for expenses incurred in carrying out the organisation's activities (2021: nil).
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## **REVISION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2022**
|11.
**Tangible fixed assets**
**Cost**
1 January 2022
Additions
31 December 2022
**Depreciation**
1 January 2022
Charge for the year
31 December 2022
**Net book value**
31 December 2022
31 December 2021
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
Pensions
Accruals & other creditors
14.
**Analysis of net assets**
Net current assets
Fixed assets
General funds
15.
**Analysis of funds**
**Unrestricted**
**£**
Opening balance
169,545
Net incoming/(outgoing resources)
(69,219)
Closing balance
100,326|**Designated**
**£**
-
-
-|**Total**
**£**
28,743
6,087
34,830
25,232
2,400
27,632
7,198
3,511
**2022**
**£**
122,233
19,552
6,125
147,910
**2022**
**£**
8,988
285,462
11,841
2,059
691
12,920
321,961
**2022**
**£**
93,128
7,198
100,326
**2022**
**£**
169,545
(69,219)
100,326|2021
**£**
113,674
11,379
6,125|
|---|---|---|---|
||||131,178|
||||**2021**
**£**
3,634
261,832
7,437
1,039
478
19,620|
||||294,040|
||||2021
**£**
166,034
3,511|
||||169,545|
||||**2021**
**£**
134,939
34,606|
||||169,545|
16. **Capital commitments**
At 31st December 2022 there were no capital commitments (2021 - nil).
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## **REVISION LIMITED Year ended 31st December 2022**
## **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 2022 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: 19 September 2023
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