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2024-12-31-accounts

REVISION LIMITED

(A company limited by guarantee)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

Company number: 02789040

REVISION LIMITED

For the year ended 31st December 2024

CONTENTS

Section Page
Company Information 1
Report of the Trustees 2 - 6
Report of the Accountants 7
Statement of Financial Activities 8
Statement of Financial Position 9 - 10
Notes to the Accounts 11 - 14

REVISION LIMITED COMPANY INFORMATION For the year ended 31st December 2024

TRUSTEES S Adams
J Brooks
A Stephenson
COMPANY SECRETARY K Whiting
REGISTERED OFFICE 97 Brondesbury Road
London
NW6 6RY
REGISTERED NUMBER 02789040 (England and Wales)
ACCOUNTANTS James Reeves & Company Limited
Chartered Certified Accountants
11 Church Crescent
London
N3 1BE

1

REVISION LIMITED

REPORT OF THE TRUSTEES

For the year ended 31[st] December 2024

The Trustees present their report and financial statements for the year ended 31[st] December 2024.

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 2023 and up to the date of signing these accounts

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:

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.

2

REVISION LIMITED

REPORT OF THE TRUSTEES (continued)

For the year ended 31[st] December 2024

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.

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, disease 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).

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.

3

REVISION LIMITED

REPORT OF THE TRUSTEES (continued)

For the year ended 31[st] December 2024

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 six categories of members:

Volunteers

The organisation does not currently make use of volunteers.

Achievements and Performance

Alongside the Diploma in Integrative Transpersonal Counselling and Diploma in Integrative Transpersonal Psychotherapy, a new CPD and enrichment programme was launched during 2024, including a four day course on working with Couples, workshops on topics including soul-inspired writing and reflective practice. We also ran a four day residential Transitions course, with a total of 100 people participating in Transitions over the 23-24 academic year, ten more than the previous year.

The 5-yearly Organisational Member Review by the United Kingdom Council for Psychotherapy (UKCP) was extremely positive about our training, and highlighted in particular our inside-out approach, the strength of our community and the quality of our paperwork. The report included statements such as:

“It is evident that ReVision offers a robust training to students with a solid, integrative and transpersonal ethos. An appropriately wide range of theories are taught and a strong feature in the ‘inside-out’ approach to learning and development as a therapist.”

4

REVISION LIMITED

REPORT OF THE TRUSTEES (continued)

For the year ended 31[st] December 2024

“…there is a high level of individual communication and dialogue between them and … this is highly valued by the students. An exceptional feature is the Community Residential gatherings, which are open to staff, students and graduates and which provide an opportunity … for everyone to come together for sharing, feedback, development and fun.”

The community is central to ReVision, continually expanding in size and depth as we engage with connection and work to support one another. Over the past year, we’ve had many soulsearching and raw issues that reflect a community ready to embrace and navigate diverse and uncomfortable perspectives. The Graduate Community introduced The Hearth, a quarterly online meeting for Graduates to meet and talk and a key opportunity to be together in-person is the Winter Residential, which this year looked at ‘Facing into the Reality of Our Relationship to the Living Earth’ and Beth Collier provided the Key Note presentation.

Over the past year, we have remained committed to our mission of providing accessible and affordable in-house counselling to those in need alongside online counselling, ensuring flexibility and wider access to our services. Our team has consisted of 12 counsellors, and we have re-invigorated client numbers, largely through improved advertising and outreach efforts, as well as the successful implementation of planned strategies to encourage service uptake. With an average of 30 clients per week, we are now delivering approximately 1,300 hours of low-cost counselling annually.

Financial Review

Our financial year is the calendar year January to December. The primary focus of the Directors and Trustees over this year has been working to move towards a balanced budget following a number of years of investment in the organisation. This has been achieved in part due to:

The Business Director and Training Director as Joint Chief Executives are working with the management committees and Trustees to ensure a balanced budget in 2025 and a plan to move to a suitable annual surplus to allow for future investment in the reserves, the team and premises .

Reserves and Investment Policy

The reserves policy was fully reviewed in early 2018 by the Trustees when it was agreed that the reserves 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.

5

REVISION LIMITED REPORT OF THE TRusfEES (eonthiyed) For th• y¢Ar ¢nded 31* Deeember 2024 We have now movd from a p¢riod of investment to finm¢ial itablllty, as seen in our move from a Signific￿tIO5$￿mlkinS ￿sition over sev¢rnJ prioryeors to a posltion of modest los3 In the wrrent year hs described above. However, the reserves have reduced to £25,662 th¢ Thtsttts Dire¢lorJ rwnise the ne￿ to In(YAse this level. Th• on8oinB fIn￿cIAl p￿itiON li monhoMI r¢8U1￿1yl R•Vhlon% ¢4th flow ran hulthy. Expnditure hfis been Tviewed to en5UTe w¢ •Te workin8 aj effl¢i¢ntly u poswTrl and we have add￿ a numt¢r of new trainin8 ¢outses Includin8 a 7-month (3roup Fa¢illthdon course to be8in in 2025. which will introdu¢e new Incom¢ strwns. There IJ J stron8 mnlllmentto maintainin8 the Infrnstrnctswe thht supports the hl8h qU￿lty delivery oftrainin8 Ind eounselllng 8thyic¢& ben¢fitln8 the theropeutic iFace a¢ross the U Approved on behalf of th¢ Th￿te¢S by: Justine Brooki AibJr¢y Steplwson

RFVI.SION LIMITED X>:IY)RT C)F THF. ThU•i fF.L5 (¢Oatlou￿} For Iht y￿r ended 31111)•¢th￿r 2024 rc ha%r iit)Vs nK?vtsJ thimi • ryflThJ Lif Invrntmdif ￿ Ilnqn¢i•l ￿￿111￿. secn In move rmm & $18niliurf lu44￿￿4￿1n￿ p)sl¢i(m i)vu ievttAI priirf ye4ry lo • Fthtiiim uf k>sJ the yrr &4 d￿ll￿d AIMpvr. Ilowr¥w+ the rcKTrcJ hye rr4knd ￿ £25,662 4rMI the ThJJtrt thnd ned ￿ In(Y•e thli l¢Yel. The C￿01￿1 finfithlo1 N)4111￿ b nifflttDml n8uIArly, •nd Revlilon'i cath Ilow f¢m• htahhy. EX￿￿111￿c hm I￿￿n rrvi¢wed il) ¢n￿e we wwkln8 • efflcieydty M rthj

nil hAv¢ othled a nimikr ofnew lrniJiln8 LOWJCA in¢luJin8 * 7.fnDnth (ff(APP F•cllhAlon

LX712rnC to lryin In 2021 whjth wjll lntrtml￿c ITh Atrra1Th4. "Thc¥c h • nniilmffjl to m4inl8inin8 the InfrnylTu¢thre Jupwrtj ihe hi8h q￿lIty ddlw of(rthir¥ and KXrtubelliJ8 seTVKry EaKfltln8 the the U ApproTrrd ffl behalf (b[￿K￿ TnLS(ee5 by: Ju5tinc Flr( *1 Tru￿¢e rjLS￿.e T)rf¢ tknir

REVISION LIMITED Year ended 31st December 2024

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 2024 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: 17 September 2025

7

REVISION LIMITED STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31st December 2024

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
2024
£
559,088
11,873
35,019
605,980
549,601
20,432
33,282
6,976
610,291
(4,311)
29,973
25,662
Total
2023
£
482,698
10,176
21,535
514,409
536,210
18,674
24,563
5,315
584,762
(70,353)
100,326
29,973

8

REVISION LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024

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
2024
£
180,355
216,071
396,426
(375,277)
2024
£
4,513
21,149
25,662
25,662
-
25,662
2023
£
159,896
213,280
373,176
(349,081)
2023
£
5,878
24,095
29,973
29,973
-
29,973

9

REVISION LIMITED BALANCE SHEET (tontlnlled) Dlrecton, Itatements requlrnd by Socllom 475(2) IDd (3) for th• y•ar •nd•d 31 DK•mb•r 2024 In approvin8 these financial stalements ￿ Directors (and Trust¢u) of the ¢omp•ny we hereby confimi; (a) that for the perlod stated above the eomF4ny was enlltled lo the exemptton conferred by Section 477 of the C(wnFwiies A¢t 2LN)6; (b) that no noti¢¢ has been deposited at the registered office of th¢ company PUTsuant to ￿lon 476 r4uutin8 thAt an audit be conducted for the year ended 31 DMnb¢r 2024 aThl (¢) that w• acknowl￿8• our re8ponsibiliti￿ for (l) ensum8 that th¢ ¢ompAny ke¢p8 a¢￿unting records whl¢h comply with S￿tI1)n 386, and {2) prep￿ing financlal statements whlch 8lv¢ a And falr view of the stats of affatrs of the company as at th¢ end of the financial period and of Its surplus the th¢n ended in a¢¢ordwtt with th¢ requirements of Se<tion 393 which oth•Jwis¢ comply with the provisions ofthe Comwlej A¢¢ 211)6 relath8to Ilnlnod ststemen flr as applicable ¢0 the o)mF4ny. Th•so fin￿￿111 rt•tements 4T¢ prepthd In with th• 6pe¢lal provI$lo￿ of P•rt 15 of the Companie8 Act 21J)6 and Financial R¢portin8 Stand8rd 101 and in dcc4)rdance with the stst¢ment of Rec4)rnmefvtsl Pradic¢ (SORP) 2005 for A¢¢ountin8 and R¢portin8 by CI￿ltieS. The fin￿¢1&1 itements were 4)proved SI￿￿￿ on Its behalf by th¢ Thth¢s as follows: Justine Brook# Trw¢¢¢ 23 oq Jogs . Dat¢ R•tr•llon 278 10

RF.VIS11)Y LIIIITRD BAIANCF. SHF.ET (cfj•ll•tr•d Dlvvlor#' Ytylllr•d by 8rtlluni 479(2) Ind (J) for tbt vt•r JI l)ectmher 2024 In these lln•K411 Dlroctrfft (•JO 'fnJ¥leM) of the L¥mVry we knety (A) fly the wlod ilKJ%r the cfflipmy wag t￿11￿ io the ewnokm wif¢fr¢d 477 of the C￿lF￿nI¢S Act 2(M)6; Ib) rh•1 drwilal ￿ the resI￿er￿ oflk% ofthe eompry puTruonl lo Se¢tioo 4h re1v￿ an audil for the ytar cnd¢d 3 l D&'ernbff 20?4 And (¢) th•t wr •cknowkd8e Lyr wslbilitats for.. I l ) cn57tyll￿ th& th¢ cornpany kcqb Ac¢owdi08 record5 which cLwly with s￿l0n 386. and 12) pr¢parin8 fi￿￿￿1￿1 ¥￿ernents whi.th 8i%'¢ a tru¢ ats4 fair View of thc slnl¢ 4)faffaiTs of iiMiiiMnJ IL% ui lh¢ ¢nd i)f the fift￿￿101 pcTiod Nkl c)f its surplik% fly th¢ rrr ' the￿ endLNI 115 I￿￿%￿d￿nL"C wilh ihe rcquirLillLYts ot. s￿11)n 393 and wbKh rthLYWts¢ c(Yllpli' wlth Ihe provisithis of the co￿1pnn1el Ali !11)6 rew ￿ financial 5Wemtnt sn far ms Jpplicable lo the wmpawj.. The5c linanci￿ are in HcLor(huK"e willi ihc wial wovisw)n5 of Part 15 of the c(￿￿p￿Ie￿ Al￿ 21XX) Mxl Tr"in8rKi￿ RcFkYting standard 102, llnd in JLxfftlafjc¢ with thE 8tsranenl uf R(xx￿nMend￿￿ PraL%iCt (.SQRP) ?fJOfj f(r ALYINmtIi￿ tha R¢pxtinB by L7wri￿ The fil￿￿1￿1 .5lolem¢nls *rrc approv¢d and sisncd on its IKhalf by thc TnL8tces a8 foll Tn&¥tee R¢Othtloa number: 2789040 10

REVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2024

  1. Limited Liability

  2. 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 a reducing balance basis Computer & Equipments 25% on a reducing balance basis

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.

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.

11

REVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2024

3.
Incoming resources from charitable activities
Training, workshop & publication
Counselling services
Community, membership & events
Donations and other
4.
Total resources
Training
Counselling
expended
services
£
£
Staff costs
87,871
1,894
Revision training
337,270
15,158
Premises costs
41,624
1,410
& events
3,736
79
Insurance
2,236
76
Depreciation
1,388
29
Administration
15,378
491
Total
489,503
19,137
60,098
1,295
Total
549,601
20,432
5.
Support costs
Training
£
Staff salaries
37,659
Premises
16,746
Insurance
451
Administration
5,242
Total
60,098
6.
Analysis of total resources expended
Training
Counselling services
Community and membership
Governance
Marketing, PR, subs
Allocation of support
costs (note 5)
Training
£
559,088
-
-
-
559,088
Community &
membership
£
5,586
19,792
2,646
234
142
87
975
29,462
3,820
33,282
Counselling
service
£
812
361
9
113
1,295
Activities
undertaken
directly
£
488,115
19,108
29,375
6,082
542,680
Counselling
service
£
-
11,873
-
-
11,873
Governance
£
1,306
-
1,308
-
564
-
2,904
6,082
894
6,976
Community &
membership
£
2,394
1,065
28
333
3,820
Support
costs
£
60,098
1,295
3,820
894
66,107
Community &
membership
£
-
-
25,382
9,637
35,019
Support
costs
£
41,424
-
18,421
-
496
-
5,766
66,107
(66,107)
-
Governance
£
560
249
7
78
894
Depreciation
£
1,388
29
87
-
1,504
Total
2024
£
559,088
11,873
25,382
9,637
605,980
Total
2024
£
138,081
372,220
65,409
4,049
3,514
1,504
25,514
610,291
-
610,291
Total
2024
£
41,425
18,421
495
5,766
66,107
Total
2024
£
549,601
20,432
33,282
6,976
610,291
Total
2023
£
482,698
10,176
19,902
1,633
514,409
Total
2023
£
140,462
353,731
54,618
5,426
5,311
1,959
23,255
584,762
Total
2023
£
42,139
15,138
1,118
3,954
63,062
Total
2023
£
536,210
18,674
24,563
5,315
584,762

12

REVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2024

7.
Total resources expended
This is stated after charging:
Depreciation
Accountants fee
8.
Employee costs
Staff salaries
Social security costs
Pension costs
Freelance staff
Average number of employees during the year:
Charitable activities
2024
£
1,504
2,040
2024
£
122,793
4,937
2,896
7,455
138,081
2024
5
2023
£
1,959
2,040
2023
£
121,400
4,322
3,372
11,368
140,462
2023
6

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 2024; (2023: nil).

10. Trustees

During the period Shelley Adams was reimbursed £44 for expenses incurred in carrying out the organisation's activities (2023: £320).

13

REVISION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2024

11.
Tangible fixed assets
Cost
1 January 2024
Additions
31 December 2024
Depreciation
1 January 2024
Charge for the year
31 December 2024
Net book value
31 December 2024
31 December 2023
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
29,973
Net incoming/(outgoing resources)
(4,311)
Closing balance
25,662
Designated
£
-
-
-
Total
£
35,469
139
35,608
29,591
1,504
31,095
4,513
5,878
2024
£
153,073
21,157
6,125
180,355
2024
£
3,536
339,932
16,900
2,566
523
11,820
375,277
2024
£
21,149
4,513
25,662
2024
£
29,973
(4,311)
25,662
2023
£
132,367
21,404
6,125
159,896
2023
£
13,708
310,612
19,435
2,640
646
2,040
349,081
2023
£
24,095
5,878
29,973
2023
£
169,545
(70,353)
100,326

16. Capital commitments

At 31st December 2024 there were no capital commitments (2023 - nil).

14