## 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:
- select suitable accounting policies and then 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.
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:
- a) Trainers and Elders who will have full voting rights.
- b) Employed staff, for the duration of their employment, who will have full voting rights; c) Subscribing Graduate Members who will have full voting rights;
- d) Trustees not otherwise members through (c) above, who will have full voting rights for the duration of their term of office;
- e) Students of ReVision Ltd, 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; and
- f) 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**
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:
- Successful student recruitment
- Additional training activity including our CPD programme
- Some changes in expenditure, including the completion of the Business Director induction and transition, with Jo van den Broek Joint Business Director’s retirement in December 2023, with Kate Whiting taking the sole Business Director role.
- Further increase to student fees for 2024-25 to reflect the significant change in the level of inflation and subsequently some of our costs (our training fees include significantly more supervision and pastoral support through our tutorial programme than most other training providers, which represent a significant financial benefit to our students)
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 SignifictIO5$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 fIncIAl pitiON li monhoMI r¢8U11yl 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 qUlty delivery oftrainin8
Ind eounselllng 8thyic¢& ben¢fitln8 the theropeutic iFace a¢ross the U
Approved on behalf of th¢ Thte¢S by:
Justine Brooki
AibJr¢y Steplwson
RFVI.SION LIMITED
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## **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• acknowl8• our re8ponsibiliti for
(l) ensum8 that th¢ ¢ompAny ke¢p8 a¢unting records whl¢h comply with StI1)n
386, and
{2) preping 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**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