2025-03-31-accounts

Company registration number: 04286999 Charity registration number: 1102522

One Vision Partnership Limited

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 March 2025

Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

One Vision Partnership Limited

Contents

Reference and Administrative Details	1
Trustees' Report	2 to 6
Independent Examiner's Report	7
Statement of Financial Activities	8 to 9
Balance Sheet	10
Notes to the Financial Statements	11 to 16

One Vision Partnership Limited

Reference and Administrative Details

Trustees Melkorka Stiller-Magnusdottir, Chair Linda Abbott, Treasurer Paul Barton Margaret Broughton Ciaran Linke Cathy Mahmood Jackie Morris Dave Mulligan Michael Savage Marie Wilkinson Ros Yousouf Secretary Dave Mulligan Charity Registration Number 1102522 Company Registration Number 04286999 Principal Office Bestwood Estate Community Centre Gainsford Crescent Bestwood NOTTINGHAM NG5 5HT Independent Examiner Eva Stevens, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Page 1

One Vision Partnership Limited

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2025.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Melkorka Stiller-Magnusdottir, Chair Linda Abbott, Treasurer Paul Barton Margaret Broughton Ciaran Linke (appointed 21 November 2024) Cathy Mahmood (appointed 6 June 2024) Jackie Morris Dave Mulligan Michael Savage Marie Wilkinson Ros Yousouf Jordan White (resigned 6 June 2024)

Secretary:

Dave Mulligan

Structure, governance and management

Nature of governing document

The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 13th September 2001 and most recently amended 16th July 2009 and registered as a charity on 8th March 2004. It has no share capital and the liability of each member in the event of winding-up is limited to £1.

Recruitment and appointment of trustees

New trustees are recruited in line with the rules of the memorandum and articles of the association.

Page 2

One Vision Partnership Limited

Trustees' Report

Objectives and activities

Objects and aims

The principle activity of One Vision Partnership is the promotion for the public benefit of urban regeneration in areas of social and economic deprivation (and in particular the Bulwell area of Nottingham). By all or any of the following means:-

1. The relief of poverty;

2. The relief of unemployment;

3. The advancement of education, training or retraining, particularly among unemployed people, and providing unemployed people with work experience;

4. The provision of financial assistance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help: (i) in setting up their own businesses, or (ii) to existing businesses;

5. The creation of training and employment opportunities by the provision of workspace, buildings and/or land for use on favourable terms;

6. The provision of housing for those who are in conditions of need and the improvement of housing in the public sector or in charitable ownership provided that such power shall not extend to relieving any local authorities or other bodies of a statutory duty to provide or improve housing;

7. The maintenance, improvement or provision of public amenities;

8. The preservation of buildings or sites of historical architectural importance;

9. The provision of recreational facilities for the public at large or those who by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances have need of such facilities;

10. The protection or conservation of the environment;

11. The provision of public health facilities and childcare;

12. The promotion of public safety and prevention of crime;

13. Such other means as are charitable at the discretion of the management committee.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 3

One Vision Partnership Limited

Trustees' Report

Achievements and performance

Executive Summary

The trustees of One Vision Partnership are pleased to present this annual review covering the period 1 April 2024 to 31 March 2025. This review demonstrates our continued commitment to strong governance, strategic development, and delivering meaningful impact for the Bulwell community. Despite facing funding challenges, the partnership has achieved significant milestones through effective trustee oversight, community engagement, and collaborative working.

Governance and Leadership Development

Board Composition and Recruitment During the year the trustees successfully strengthened the board with new members, bringing fresh perspectives and complementary skills to our governance structure. We continue to grow our membership and board of trustees in line with our commitment to diversity and ensuring we have the expertise needed to guide the organisation's strategic direction.

Policy and Procedure Enhancement The trustee board has overseen significant improvements to our governance framework, implementing strengthened policies and procedures that enhance our operational effectiveness and regulatory compliance. These developments provide a solid foundation for sustainable growth and improved service delivery.

Strategic Planning Oversight Trustees have provided strategic leadership in developing our comprehensive 3-year plan, ensuring meaningful engagement with our wide network of partners, members, and community stakeholders. This collaborative approach to strategic planning reflects our commitment to participatory governance and community-led development.

Operational Performance and Trustee Oversight

Communications and Infrastructure The board identified communication as a strategic priority and oversaw successful initiatives including the development of a new website and recruitment of administrative support. Trustees recognised that effective communication is fundamental to our mission and ensured appropriate resources were allocated to these improvements, with continued development planned through 2025/6.

Arts Festival 2024 Trustees provided governance oversight for our successful summer Arts Festival, which engaged a diverse range of artists, community members, and partner organisations. The board demonstrated prudent financial stewardship by ensuring the festival proceeded despite unsuccessful funding applications, working within available resources while maintaining quality and community engagement. This achievement highlights the trustees' commitment to our charitable objectives and their ability to adapt to challenging circumstances.

Cradle to Career The trustee board has continued to oversee our collaboration with Nottingham Trent University on the Cradle to Career programme, ensuring this partnership delivers positive educational and career outcomes for young people in Bulwell. This represents effective strategic partnership management and demonstrates our commitment to evidence-based interventions that create lasting community benefit.

Place Making and Regeneration Under trustee leadership, including direct involvement from board members, we have focused significantly on the Regeneration Plan for Bulwell. The board has ensured that place-making activities are strategically aligned with our charitable objectives and that partnerships are developed to improve long-term outcomes for the Bulwell community. This trustee-led initiative demonstrates hands-on governance and strategic vision.

Page 4

One Vision Partnership Limited

Trustees' Report

Financial review

Financial and Risk Management

Resource Management Despite facing unsuccessful funding applications, the trustee board demonstrated effective financial oversight by ensuring programmes continued within available means. The successful delivery of the Arts Festival on limited funds showcases prudent financial management and the board's commitment to maximising community benefit from available resources.

Sustainability Planning Trustees have maintained focus on long-term financial sustainability while balancing immediate community needs. The board continues to oversee funding diversification strategies and resource development to ensure the organisation's continued effectiveness.

Strategic Partnerships and Stakeholder Engagement

The trustee board has effectively guided our partnership strategy, maintaining and developing relationships with key stakeholders including Nottingham Trent University, Bulwell Academy, local schools, community groups, and partner organisations. This collaborative approach ensures our work is embedded within the wider community development landscape and maximises impact through shared expertise and resources.

Regulatory Compliance and Governance Standards

Throughout 2024/5, trustees have maintained high standards of governance, ensuring compliance with charity law and regulatory requirements. The board has continued to uphold its duties regarding charitable purposes, public benefit, and fiduciary responsibility.

Looking Forward: Trustee Priorities for 2025/6

Governance Development

• Complete implementation of enhanced policies and procedures

• Continue board development and skills assessment

• Strengthen performance monitoring and evaluation frameworks

Strategic Implementation

• Oversee delivery of our rolling 3-year strategic plan

• Continue communications improvements and administrative capacity building

• Ensure effective partnership management and development

Community Impact

• Build on Arts Festival success with sustainable programming

• Deepen partnerships and measure outcomes

• Advance place-making initiatives and regeneration planning

Conclusion

The trustees of One Vision Partnership have demonstrated effective governance, strategic leadership, and commitment to our charitable purposes throughout 2024/5. Despite external challenges, particularly in funding, the board has ensured continued service delivery and community engagement while building stronger foundations for future growth.

The year has shown the value of collaborative governance, community partnership, and adaptive leadership. The trustees remain committed to serving the Bulwell community and will continue to provide strategic oversight that enables One Vision Partnership to deliver meaningful, lasting impact.

Page 5

One Vision Partnership Limited

Trustees' Report

Statement of Responsibilities

The trustees (who are also the directors of One Vision Partnership Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Melkorka Stiller-Magnusdottir Chair

Page 6

One Vision Partnership Limited

Independent Examiner's Report to the trustees of One Vision Partnership Limited ('the Company')

Independent examiner’s report to the trustees of One Vision Partnership Limited ('the Company') I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

......................................

Eva Stevens, BSc, CPFA, employee of Community Accounting Plus member of the Chartered Institute of Public Finance and Accountancy (CIPFA)

Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Date:.............................

Page 7

One Vision Partnership Limited

Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Total income Expenditure on: Charitable activities 5 Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 9	Unrestricted funds £ 32,447 - 32,447 (14,351) (14,351) 18,096 18,096 22,078 40,174	Restricted funds £ - 8,167 8,167 (8,207) (8,207) (40) (40) 40 -	Total 2025 £ 32,447 8,167 40,614 (22,558) (22,558) 18,056 18,056 22,118 40,174	Total 2024 £ 22,398 3,850
				26,248
				(6,329)
				(6,329)
				19,919
				19,919 2,199
				22,118

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 9.

The notes on pages 11 to 16 form an integral part of these financial statements. Page 8

One Vision Partnership Limited

Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

These are the figures for the previous accounting period and are included for comparative purposes

Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Total income Expenditure on: Charitable activities 5 Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 9	Unrestricted funds £ 22,398 - 22,398 (1,134) (1,134) 21,264 21,264 814 22,078	Restricted funds £ - 3,850 3,850 (5,195) (5,195) (1,345) (1,345) 1,385 40	Total 2024 £ 22,398 3,850
			26,248
			(6,329)
			(6,329)
			19,919
			19,919 2,199
			22,118

The notes on pages 11 to 16 form an integral part of these financial statements. Page 9

One Vision Partnership Limited

(Registration number: 04286999) Balance Sheet as at 31 March 2025

Note Current assets Cash at bank and in hand 6 Creditors: Amounts falling due within one year 7 Net assets Funds of the charity: Restricted income funds Restricted funds 9 Unrestricted income funds Unrestricted funds Total funds 9	2025 £ 40,834 (660) 40,174 - 40,174 40,174	2024 £ 22,754 (636)
		22,118
		40 22,078
		22,118

For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 8 to 16 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

......................................... Melkorka Stiller-Magnusdottir Trustee

The notes on pages 11 to 16 form an integral part of these financial statements. Page 10

One Vision Partnership Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

One Vision Partnership Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Exemption from preparing a cash flow statement

Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 11

One Vision Partnership Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 12

One Vision Partnership Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

2 Income from donations and legacies

Donations and legacies; Donations from companies, trusts and similar proceeds 3 Income from charitable activities Grants & donations 4 Grants & donations Nottingham City Council Challenge Bestwood Partnership	Unrestricted funds General £ 32,447 32,447 Restricted funds £ 8,167 Unrestricted funds £ - - 32,447 32,447	Total 2025 £ 32,447 32,447 Total 2025 £ 8,167 Restricted funds £ 500 1,000 6,667 8,167	Total 2024 £ 22,398
			22,398
			Total 2024 £ 3,850
			Total £ 500 1,000 39,114
			40,614

5 Expenditure on charitable activities

Activities Bank charges Bid writing fees Coordinator fee Employability support work Insurance Legal & professional Office & admin costs Play Work Room hire	Unrestricted funds Designated £ General £ 3,865 - - 71 - - 3,000 - - - - 332 - 694 103 734 - 5,552 - - 6,968 7,383	Restricted funds £ 1,530 - - - 6,667 - - 10 - - 8,207	Total 2025 £ 5,395 71 - 3,000 6,667 332 694 847 5,552 - 22,558	Total 2024 £ 2,558 72 500 2,250 - 149 636 - - 164
				6,329

Page 13

One Vision Partnership Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6 Cash and cash equivalents

6 Cash and cash equivalents
Cash at bank 7 Creditors: amounts falling due within one year Accruals	2025 £ 40,834 2025 £ 660	2024 £ 22,754
		2024 £ 636

8 Charity status

The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

Page 14

One Vision Partnership Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

9 Funds

9 Funds
											Balance	at
	Balance at 1			Incoming			Resources				31 March
	April	2024		resources			expended		Transfers		2025
	£				£		£		£		£
Unrestricted funds
General
General	22,078				32,447		(7,383)		(6,968)		40,174
Designated
Bulwell Arts Festival		-			-		(6,968)		6,968			-
Total unrestricted funds	22,078				32,447		(14,351)			-	40,174
Restricted funds
Bulwell Arts Festival		13			1,500		(1,513)			-		-
Community Day		27			-			(27)		-		-
Employability		-			6,667		(6,667)			-		-
Total restricted funds		40			8,167		(8,207)			-		-
Total funds	22,118				40,614		(22,558)			-	40,174
The specific purposes for which	the funds are to		be applied are as			follows:
Bulwell Arts Festival - The Bulwell Arts Festival seeks to bring							a range	of local residents,		organisations		and
partners together in creative art	activities. The main festival runs for a week in July with some activities running
in the lead up to the main events www.facebook.com/BulwellArtsFestival/
Community Day - One Vision Partnership held a Community day at The Bulwell Academy in										the previous year.
Employability - Funding for an employment post.
	Balance at 1				Incoming			Resources			Balance at	31
		April 2023			resources				expended		March 2024
		£				£			£		£
Unrestricted funds
General
General			814			22,398			(1,134)		22,078
Restricted
Bulwell Arts Festival			1,385				2,850		(4,222)			13
Community Day				-			1,000		(973)			27
Total restricted funds			1,385				3,850		(5,195)			40
Total funds			2,199			26,248			(6,329)		22,118

Page 15

One Vision Partnership Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

10 Analysis of net assets between funds

Unrestricted

Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets	General £ 40,834 (660) 40,174 Unrestricted General £ 22,714 (636) 22,078	Restricted £ - - - Restricted £ 40 - 40	2025 Total funds £ 40,834 (660)
			40,174
			2024 Total funds £ 22,754 (636)
			22,118

11 Fees payable to independent examiner

During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:

Independent examination	2025 £ 550 550	2024 £ 530
		530

12 Taxation

The charity is a registered charity and is therefore exempt from corporation taxation.

13 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

14 Related party transactions

There were no related party transactions in the year.

Page 16