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← Visyon Limited

2025-03-31-accounts

Charity registration number 1107951 (England and Wales)

Company registration number 05250758

VISYON LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

VISYON LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr A Brabban-Brown
Ms H Butters
Mr J G Clay
Mr A J Dean
Mr B K Brennan
Miss S A Conlon
Miss Lisa Cormack
Secretary Miss T E Pass
Charity number (England and Wales) 1107951
Company number 05250758
Registered office Fellowship House
Park Road
Congleton
Cheshire
England
CW12 1DP
Auditor Hammond McNulty LLP
Bank House
Market Square
Congleton
Cheshire
United Kingdom
CW12 1ET

VISYON LIMITED

CONTENTS

Page
Chairman's statement 1
Trustees report 2 - 9
Statement of Trustees responsibilities 10
Independent auditor's report 11 - 14
Statement of financial activities 15
Summary income and expenditure account 16
Balance sheet 17
Statement of cash flows 18
Notes to the financial statements 19 - 34

VISYON LIMITED

CHAIRMAN'S STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

Once again, I’m privileged to introduce Visyon’s annual report after another successful year supporting the mental health of young people in our community. It was Visyon’s 30[th] anniversary in 2024 and it felt like a year of gradual transition. The previous year we announced we had secured a new long-term contract, Healthy Young Minds, with Cheshire East; this past year saw us implementing the contract, mobilising and adjusting our service delivery. Some of this contract continues long term work for Visyon but we have also delivered new value such as through our groups and school support where we have had great feedback on our resilience programme and on the whole class workshops we are delivering. It was wonderful to see the quality of Visyon’s services recognised at the South Cheshire Chamber Business Awards by two highly commended awards: for Excellence in Customer Service and Contribution to the Community for our Crewe Schools Project.

We end the financial year with a surplus of £232,034, including an operating surplus of £2,034 which appears very healthy. We were very fortunate this year to receive a Deed of Gift from the Edward Gostling Foundation for £230,000, whilst we can use this money to support any deficit, we can only release the remaining funds for general use after 5 years. These funds along with some others are recognised in the finances for last year but will be spent over the longer term.

Safeguarding of the children and young people that come to Visyon is critical to the services we deliver. Last year, as part of Visyon’s commitment to continuous improvement we completed a Section 11 which falls under the Children Act 2004 placing a statutory duty on organisations to self-assess the extent to which they meet safeguarding requirements and standards. This provided important reassurance as well as helping us to make some further improvements to our best practices. We take these responsibilities seriously both for ourselves and across the end-to-end support in the community.

The rising cost of living continues to be a challenge for many including the dedicated staff that work for Visyon. We made strong efforts this year to provide meaningful salary rises as well as introducing new employee assistance and health benefits. These are critical for the well-being of staff and to ensure that Visyon is a charity that people can afford to work for. Last year we had challenges with staffing levels that ultimately increased waiting times for some services. We have addressed these challenges with the benefit changes and also by utilising self-employed counsellors that allow a more flexible way of working for Visyon.

Cyber Security is an increasing concern for all organisations and a particular challenge for small organisations like Visyon. Seeing the damage done to national companies and with concern for the sensitive nature of the services we deliver, we took steps last year to review what further action we can take to strengthen our defences. We continue to progress with these, upgrading systems and using the best secured cloud services but this is an area where we need to be continually vigilant.

As always, can I express my personal thanks to the members of our Board of Trustees. The Trustees are responsible for the governance of Visyon, something we take very seriously and last year the Board undertook training on the Legal Responsibilities of Trustees to ensure our understanding is up to date and effective; making some improvements to our governance processes as a result. Since the last AGM we have been fortunate to co-opt two new members, Nathan Chrobok and Cheryl McKay, onto the Board – both extend the skills and experience the Board brings to support the senior leadership team and I look forward to them both formally being recognized as trustees at this year’s AGM.

Finally, my biggest thanks go to everyone who contributes to Visyon: the staff, the leadership team, the volunteers, the fundraisers, our benefactors and the young people, families and carers who use our service. You make Visyon what it is, a respected and valued service in our community. We appreciate everyone who spreads the word on what Visyon does: those that need help, need to know we are here and trust that we can help.

.............................. Ory jeVe Mr A Brabban-Brown Chairman

24th Sep 2025 Date: .........................

VISYON LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

About Visyon

Visyon promotes and improves the emotional health and wellbeing of children and young people and their families through the provision of a range of services, including individual therapy, group work, mentoring, creative activities and support for parents and families. Visyon is based in Congleton, Cheshire and delivers services to children and young people in Cheshire. Visyon was established in 1994 by a group of volunteers whose experiences identified the need for a community based, flexible and easily accessible service for young people and families experiencing emotional distress and in need of support. In 2004 Visyon became a charitable company limited by guarantee.

The objects of the charity are:

The preservation and protection of good health and in particular good mental health of children, young people and adults. The advancement of education of the public so as to increase their awareness of mental health and the associated issues and related problems.

To relieve the hardship, sickness and distress arising therefrom.

Visyon Descriptor

Visyon is a safe place you can come when you need help. We are really good at helping children and young people work out what is troubling them and what they can do about it. Whether you are confused, upset, worried, feeling hurt or angry about anything, there is somebody at Visyon who will listen and help you decide what you want to do next.

Social Impact

Visyon provides its services within the charitable objects for which it was established, these being the preservation and protection of good health and in particular good mental health of children, young people and adults, plus the advancement of education of the public in matters relating to mental health. These objects are addressed through the provision of a broad range of therapeutic activities to children, young people, their parents and families.

Visyon's activities are designed to achieve outcomes that are positive not only for the individual child or young person but also impact on families and the wider communities of Cheshire. The cost to society of supporting lifelong mental health challenges is significant and can be ameliorated by providing effective interventions for children and young people such as those offered by Visyon.

Visyon's services are free to the children, young people and families who access them. All services are paid for by grants, donations and fundraised income. The organisation accommodates the requirements of children and young people, by using community locations wherever there is a demand and where funding allows. Currently, the organisation is working in the geographic area of Cheshire East Council, with some services also available in areas of Cheshire West and Chester Council.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

VISYON LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

Significant activities and achievements against objectives

We continue to see an increase in demand for our services and a significant increase in the complexity of the challenges young people are presenting with, often at a younger age than we have previously witnessed.

In 2024 Visyon launched a new five year strategy and achieved the following progress:

Theme 1 - Building Resilience

This year saw strides in strengthening early intervention and evidence-based support. We successfully launched our Resilience Programme in schools, developed a five-week group offer, and trialed self-harm awareness training in professionals in collaboration with Public Health. Staff training was prioritised, with psychoeducation materials, workshops, and CPD courses rolled out. Continuous evaluation and improved safeguarding systems through our Customer database upgrades have ensured our services remain responsive and impactful.

Theme 2 - Leading the Way in Local Thinking Around Young People's Mental Health and Emotional Wellbeing

We deepened our community engagement through co-created initiatives with schools, families, and local organisations. Our Visyon youth led-programme helped shape resources and workshops, while wider partnerships strengthened our reach into underrepresented communities. Digital innovation was embraced with updates to our website, online delivery of parent workshops, and the development of a CYP course platform. Our training offer is expanding to include bespoke packages for professionals, and our social media presence grew through targeted campaigns.

Theme 3 - Sustainability

Visyon continued to embed sustainability across operations. We secured multi-year funding aligned with our five-year strategy. Internal collaboration improved through cross-team working and skill-sharing while external partnerships enhanced external service delivery and enabled skill sharing across sectors. Our commercial offer progressed with the development of accredited training courses, and volunteer recruitment was strengthened with improved induction and succession planning. Environmentally, we promoted greener practices and explored infrastructure improvements to reduce our carbon footprint.

Significant factors

Visyon aims to use as much of its financial and other resources as possible for the purpose of meeting the charities objectives. All of the programmes and activities undertaken by the charity aim to support children and young people to improve and maintain their mental health. Our work with families and public awareness campaigns assist us to achieve greater awareness and understanding by the public of issues surrounding mental health and wellbeing and how these impact on children, young people and society.

All our services are provided free of charge to our beneficiaries, allowing for greater access to early assistance, advice and support. Across Cheshire East we aim to offer a range of interventions, choice of venue and opening hours that improves efficacy and accessibility irrespective of the individual circumstances of the beneficiary.

The voluntary sector experiences increasingly challenging times with more charities competing for less funding, reporting criteria becoming increasingly complex in some areas, and hard decisions to be made regarding which particular pot of money to vie for. Each financial year starts with an element of calculated uncertainty, and often focus has to be placed on bringing in funding for the current financial year, rather than looking forward to the next two - five years, focusing attention on longer term planning and sustainability. This is the situation that Visyon has been in for a number of years, but is something that the new strategy and leadership structure plan to address over the next two years.

VISYON LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Fundraising practices

Visyon is very grateful to the organisations and individuals who have supported the charity during the year through donations, fundraising activities, gifts-in-kind and volunteering.

2024/25 Gift in Kind donations equated to the value of £1,591.

2024/25 Events and Corporate volunteering equated to 151 hours.

We would like to thank the following for their support during 2024/25:

Grants Edward Gostling Foundation The Leathersellers Foundation Assura The National Lottery Cheshire Community Fund Crewe Town Council Trusthouse Foundation Medicash Awards for All Clothworkers Morrison's Community Space Fund Nantwich Town Council Congleton Inclosure Trust Steve Morgan Foundation Cheshire East Greener Fund Ann Rylands Small Donations Programme D G Lowe Trust

Company Support Bespak BNI Saltline members Kanga Health The Original Factory Shop Majestical Reubens Howdens Military Arms, Sandbach Clonter Opera Clonterbrook House Allie Pottinger Watercolours Al a carte at Home Orbis Outdoor Adventures

Community Support Holmes Chapel Chorus George & Dragon, Holmes Chapel Congleton Santa Collection Boalloy Running Club Davenport Methodist Church Wilmslow Running Festival and our 2025 running team All those that look part in Wear What You Want Day 2025 Siddington Syndicate Reliance Medical

VISYON LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

The Academy Restaurant, Cheshire College South & West Congleton Tangent Rotary Club of Northwich Vale Royal Bare Health and Viridian St Mary's Catholic Church All Saints Churches Beartown Gundog Training Kings School West End Agri St Lawrence Church, Biddulph

Individual Support

Family and friends of the late Luke Maddocks, Owen Pointon, Samantha Slater, Lily Hulme and Andrew Cooke Mayor Rob Moreton Firewalk 2025 team Snowdon at Night Trekkers 2024 2024 skydive team Our new and committed Regular Donors each making donations every month

We had no 'on behalf of' activities carried out. Where 'in aid of' fundraisers registered their activities with the charity they were supported with advice to ensure their fundraising activities were safe and legal to comply with fundraising regulations. Where activities are carried out by 'third parties' and promoted to our supporters, the Fundraising Team carefully select suppliers and request documentation, such as PLI risk assessments and any licenses required, as part of the process.

No complaints were made to Visyon following fundraising activities. We request feedback after our events and there is opportunity for the general public to report concerns on our website at any time.

Ensured all individuals carrying out the activities are aware of their obligations to all members of the public, and where the activity is organised by a third party, ensured the third party has a strong reputation at supporting both the participants and the wider public whilst these events are taking place.

Investment performance

Investment Powers

The Trust Deed authorises the Trustees to make and hold investments using the general funds of the charity but no such investments are currently held.

Financial review

Financial Review and Results for the Year

The total income for the year ending 31 March 2025 was £993,601 (2024 - £750,570), the total expenditure was £761,567 (2024 - £840,929) and the net result for the year was £232,034 (2024 - £-90,359). The net asset position at the year end was £600,947 (2024 - £368,913), of which £268,344 (2024 - £109,191) is unrestricted and £102,603 (2024 - £259,722) is restricted and £230,000 is an endowment fund.

The main income for the year came from donations, grants and charitable activities as per notes 3,4 and 5 of the accounts which enables the charity to achieve their main objectives as detailed in the Trustee Report.

Reserves policy

The reserves are held in a low-risk account, with immediate access, attracting the best rates from the "High Street Institutions". Reserves are built up from balances of funds (restricted and/or unrestricted). The level at which the reserve fund is to be maintained is agreed between Visyon management and Trustees during annual budgeting based on a number of defined factors including an assessment of known risks. It may also include items of known but currently unquantifiable risk. The level of reserve fund should not normally exceed that required for three months operating.

VISYON LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Investment policy

Investment Policy

All amounts in the current account over £500 are transferred daily to an interest-bearing savings account. All investments by the charity will be in ethically acceptable funds to be agreed by the Board.

Grant-making Policy

Under normal circumstances, the charity does not make grants. There may be small grants made from specific projects for supporting clients. The funding body concerned will specify the conditions of the grant.

Structure, governance and management

The charity is a company limited by guarantee. The charity is controlled by its governing document and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

It is governed by the Memorandum and Articles of Association dated 5 October 2004 and amended on 25 March 2010. Visyon is registered with the Charity Commission and Companies House. Anyone over the age of 18 years can become a member of the charity. At 31 March 2025 there were 39 members.

The administration is carried out by the directors who together are known as the Board of Trustees. The Board of Trustees has delegated the day-to-day running of the organisation to the Chief Executive Office (Theresa Pass), who reports into the Board on a quarterly cycle.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr A Brabban-Brown

Ms H Butters Mr J G Clay Mr A J Dean Ms A Jagpal (Resigned 16 September 2024) Mr D Parkinson (Resigned 16 September 2024) Mr B K Brennan Miss S A Conlon Miss Lisa Cormack Dr S Ali (Appointed 16 September 2024 and resigned 30 April 2025)

Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

VISYON LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Organisational structure

Role of the Board of Trustees

The Board of Trustees is the governing body of the charity. The Board's duties are to:

Sub-Group Structure

Three sub-groups have been appointed with delegated responsibility for scrutiny in three areas:

Each group is chaired by a Trustee and is attended by a further Trustee, the CEO and relevant members of the management team.

Structure of Board of Trustees

Board meetings are held quarterly.

Sub-groups meet on a monthly/bi-monthly basis and have delegated responsibilities as outlined in the sub-group Terms of Reference.

Attendance of trustees at meetings of the Board

Trustees are required to attend formal meetings regularly and not to miss more than three meetings in succession. During 2024/25 the Trustees attendance was as follows:

Trustee Date of Meetings Date of Meetings Date of Meetings Date of Meetings
20.05.2024 19.08.2024 25.11.2024 24.02.2025
Andrew Brabban-Brown Yes Yes Yes Yes
Adrian Dean Yes Yes No Yes
Avarni Jagpal Yes No N/A N/A
David Parkinson Yes Yes N/A N/A
Jonathan Clay Yes Yes No Yes
Helen Butters Yes No No Yes
Lisa Cormack Yes Yes Yes Yes
BarryBrennan Yes No Yes Yes
Sharon Conlon No Yes No Yes
Sidra Ali Yes No No No

President

The Board appointed Brian Davey as the new president of Visyon Limited on 14th September 2020, following the untimely death of Visyon's President, our founder, Elizabeth Pugh. in January 2020. Brian has been involved with Visyon from the beginning and previously served as Chair of the Board.

VISYON LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Induction and training of trustees

Recruitment, selection and training of the Board of Trustees

The Trustees are elected by the members, the number being decided at the Annual General Meeting. The Trustees have the power to co-opt up to 7 further Trustees. When co-opting Trustees, the Board has regard to the requirement for any specialist skills. Trustee application and induction processes have been established, through which training requirements are identified and addressed. In addition, training opportunities are taken up when offered by third parties.

The balance of Trustees' skills and experience has been reviewed on an ongoing basis during 2024-2025 and the Board is satisfied that it has an optimum broad range of skills. Trustees have experience that covers the following areas: - Clinical expertise

Other matters

Risk Management

The organisation has Strategic and Operational Risk Registers, a Business Continuity Plan and a Risk Management Policy. This ensures the following:

Risks that have been mitigated this year have included:

Staffing & Volunteers

Visyon is able to offer the level of service that it does due to the dedication and professionalism of its staff and volunteer team. At the end of March 2025, Visyon had 29 members of staff, 5 of which were employed on a full-time basis, with the other 20 working in part-time roles. Visyon also had 5 placement counsellors and one volunteer counsellor. Visyon has a team of volunteers who provide invaluable contributions to the work of the charity by carrying out a range of roles including trustees, therapists, administrators, fundraisers, and a handyman.

Declaration of interests

Trustees are required to declare interests that are relevant and material and declarations are requested at each meeting. A record is maintained of all relevant and material interests by the Company Secretary and this record is available on request. Staff are also required to inform the organisation where an outside commitment, e.g. membership of a school governing body, may potentially give rise to a conflict of interest.

VISYON LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Auditor

In accordance with the company's articles, a resolution proposing that Hammond McNulty LLP be reappointed as auditor of the company will be put at a General Meeting.

Administrative Information

Charity name: Visyon Limited Working title: Visyon Registered charity number: 1107951 Registered company number: 5250758 Company registered in England and Wales Registered Company and operational address: Fellowship House, Park Road, Congleton, Cheshire. CW12 1DP Board of Trustees The following people served as Trustees during this year: Andrew Brabban-Brown Adrian Dean Helen Butters Jonathan Clay Avarni Jagpal David Parkinson Barry Brennan Sharon Conlon Lisa Cormack Sidra Ali The Directors of the charitable company are Trustees for the purpose of charity law and are known collectively as the Board of Trustees Company Secretary - Theresa Pass Chief Executive Officer - Theresa Pass Auditors - Hammond McNulty, Bank House, Market Square, Congleton, Cheshire. CW12 1ET Bankers - NatWest Bank Plc, 46 High Street, Congleton, Cheshire CW12 1BE

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees report was approved by the Board of Trustees.

.............................. Mr A Brabban-Brown ay jeVe

Date: ............................................. 24th Sep 2025

VISYON LIMITED

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also the directors of Visyon Limited for the purpose 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).

Company 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 and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

VISYON LIMITED

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF VISYON LIMITED

Opinion

We have audited the financial statements of Visyon Limited (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the summary income and expenditure account, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

VISYON LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF VISYON LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustees report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of Trustees responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

VISYON LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF VISYON LIMITED

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We obtained an understanding of laws and regulations that affect the company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. Key laws and regulations that we identified included the UK Companies Act, tax legislation, and employment legislation.

We enquired of the directors, reviewed correspondence with HMRC and reviewed legal fees for evidence of non-compliance with relevant laws and regulations. We also reviewed controls the directors have in place to ensure compliance.

We gained an understanding of the controls that the directors have in place to prevent and detect fraud. We enquired of the directors about any incidences of fraud that had taken place during the accounting period.

The risk of fraud and non-compliance with laws and regulations and fraud was discussed within the audit team and tests were planned and performed to address these risks. We identified the potential for fraud in the following areas: related party transactions, revenue recognition and management override.

We reviewed financial statements disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above.

We enquired of the directors about actual and potential litigation and claims.

We performed analytical procedures at the planning stage to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud.

In addressing the risk of fraud due to management override of internal controls we tested the appropriateness of journal entries and assessed whether the judgements made in making accounting estimates were indicative of a potential bias.

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor's report.

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s 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 charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

VISYON LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF VISYON LIMITED

Marie Ann Shenton FCCA (Senior Statutory Auditor)

For and on behalf of Hammond McNulty LLP, Statutory Auditor Chartered Certified Accountants Bank House Market Square Congleton Cheshire CW12 1ET United Kingdom Date: .........................

VISYON LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
Endowment
funds
funds
funds
2025
2025
2025
Notes
£
£
£
Income from:
Donations and legacies
3
85,063
28,479
230,000
Charitable activities
4
26,785
609,373
-
Other trading activities
5
3,656
-
-
Investments
6
10,245
-
-
Total income and endowments
125,749
637,852
230,000
Expenditure on:
Raising funds
7
2,625
-
-
Charitable activities
8
212,691
546,251
-
Total expenditure
215,316
546,251
-
Net income/(expenditure)
(89,567)
91,601
230,000
Transfers between funds
248,720
(248,720)
-
Net movement in funds
10
159,153
(157,119)
230,000
Reconciliation of funds:
Fund balances at 1 April 2024
109,191
259,722
-
Fund balances at 31 March 2025
268,344
102,603
230,000		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
343,542
132,281
-
636,158
26,250
586,373
3,656
12
-
10,245
5,654
-
993,601
164,197
586,373
2,625
-
-
758,942
255,130
585,799
761,567
255,130
585,799
232,034
(90,933)
574
-
26,287
(26,287)
232,034
(64,646)
(25,713)
368,913
173,837
285,435
600,947
109,191
259,722		 Total
2024
£
132,281
612,623
12
5,654
750,570
-
840,929
840,929
(90,359)
-
(90,359)
459,272
368,913

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

VISYON LIMITED

SUMMARY INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

All income funds
2025
£
Gross income
763,601
Total expenditure from income funds
761,567
Net income/(expenditure) for the year
2,034		 2024
£
750,570
840,929
(90,359)

VISYON LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 14 16,567 16,005
Current assets
Debtors 15 30,713 18,847
Cash at bank and in hand 652,604 401,148
683,317 419,995
Creditors: amounts falling due within one 16
year (98,937) (67,087)
Net current assets 584,380 352,908
Total assets less current liabilities 600,947 368,913
The funds of the charity
Endowment funds 19 230,000 -
Restricted income funds 20 102,603 259,722
Unrestricted funds 21 268,344 109,191
600,947 368,913

24th Sep 2025 The financial statements were approved by the trustees on ......................... .............................. Mr A Brabban-Brown a. dK|

Company registration number 05250758 (England and Wales)

VISYON LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash absorbed by operations
25
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(4,810)
10,245		 £
246,021
5,435
-
251,456
401,148
652,604		 2024
£
£
(101,842)
(1,686)
5,654
3,968
-
(97,874)
499,022
401,148		 2024
£
£
(101,842)
(1,686)
5,654
3,968
-
(97,874)
499,022
401,148
(97,874)
499,022
401,148

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Visyon Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Fellowship House, Park Road, Congleton, Cheshire, CW12 1DP, England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Income is only deferred when:

Investment income is recognised on a receivable basis.

Income from charitable activities, which includes income received under contract or where entitlement to grant funding is subject to specific performance conditions, is recognised as earned (as the related goods or services provided). Grant income included in this category provides funding to support performance activities and is recognised where there is entitlement, receipt is probable and the amount can be measured with sufficient reliability.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings 10% reducing balance
Plant and equipment 25% reducing balance
Fixtures and fittings 25% reducing balance
Computers 33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Judgements and Estimation Uncertainty

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

3 Income from donations and legacies

Unrestricted
Restricted
Endowment
funds
funds
funds
2025
2025
2025
£
£
£
Donations and gifts
83,005
-
-
Deed of gift
-
-
230,000
Grants
-
28,479
-
Membership fees
2,058
-
-
85,063
28,479
230,000
Deed of gift
The Edward Gostling Fund
-
-
230,000
-
-
230,000
Grants
Garfield Weston Foundation
-
-
-
The Edward Gostling Foundation
-
-
-
Congleton Inclosure trust
-
25,000
-
Healthy Neighbourhood
-
3,479
-
-
28,479
-		 Total
Unrestricted
Restricted
Endowment
funds
funds
funds
2025
2024
2024
2024
£
£
£
£
83,005
75,113
-
-
230,000
-
-
-
28,479
55,000
-
-
2,058
2,168
-
-
343,542
132,281
-
-
230,000
-
-
-
230,000
-
-
-
-
30,000
-
-
-
25,000
-
-
25,000
-
-
-
3,479
-
-
-
28,479
55,000
-
-		 Total
2024
£
75,113
-
55,000
2,168
132,281
-
-
30,000
25,000
-
-
55,000

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

4 Income from charitable activities

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Schools
Emotional health and
wellbeing
-
19,966
NHS
Emotional health and
wellbeing
-
164,140
Cheshire East
Emotional health and
wellbeing
-
259,169
The National Lottery
Emotional health and
wellbeing
-
83,124
Cheshire Community Foundation -
Crewe Fund
Emotional health and
wellbeing
-
34,007
Other
Emotional health and
wellbeing
26,450
48,967
Charitable rental income
335
-
26,785
609,373		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
19,966
-
45,323
164,140
-
377,704
259,169
-
-
83,124
-
101,989
34,007
-
33,557
75,417
26,250
27,800
335
-
-
636,158
26,250
586,373		 Total
2024
£
45,323
377,704
-
101,989
33,557
54,050
-
612,623

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising events 3,350 -
Other income 306 12
Other trading activities 3,656 12

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

6 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 10,245 5,654
Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Other fundraising costs 2,625 -

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

8 Expenditure on charitable activities

Direct costs
Staff costs
Depreciation and impairment
Light, heat & water
Insurance
Telephone
Postage & stationery
Workshop facilitators
Counselling & supervision
Subcontract, recruitment & training
Rent & room hire
Subscriptions
Travel & residential costs
Repairs & Renewals
Software & related costs
Refreshment, cleaning & sundries
Share of support and governance costs (see note 9)
Support
Governance		 Schools
2025
£
17,632
-
-
564
547
162
12
312
-
-
204
675
-
441
350
20,899
3,804
540
25,243		 NHSCheshire East The National
Lottery
Cheshire
Community
Foundation -
Crewe Fund
2025
2025
2025
2025
£
£
£
£
86,745
164,094
61,089
38,785
1,224
1,488
553
87
2,209
1,337
2,780
184
3,175
-
463
398
933
2,053
287
148
293
-
247
6
113
746
118
103
2,660
2,174
620
767
193
311
145
138
3,444
4,176
949
177
540
204
316
191
1,759
549
368
166
1,644
1,801
1,055
112
2,707
774
3,093
436
1,440
333
521
121
109,079
180,040
72,604
41,819
23,681
15,840
6,133
833
936
-
3,571
182
133,696
195,880
82,308
42,834		 Other
2025
£
89,159
896
1,090
4,528
1,329
1,225
4
316
2,100
9,324
23,319
182
4,832
9,658
7,046
155,008
117,758
6,215
278,981		 Total
2025
£
457,504
4,248
7,600
9,128
5,297
1,933
1,096
6,849
2,887
18,070
24,774
3,699
9,444
17,109
9,811
579,449
168,049
11,444
758,942

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

8 Expenditure on charitable activities

Expenditure on charitable activities
Analysis by fund
Unrestricted funds
Restricted funds		 -
25,243
25,243		 -
133,696
133,696		 -
195,880
195,880		 -
82,308
82,308		 -
42,834
42,834		 (Continued)
212,691
212,691
66,290
546,251
278,981
758,942		 (Continued)
212,691
212,691
66,290
546,251
278,981
758,942
758,942

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Previous year:
Schools
NHS The National
Lottery
Cheshire
Community
Foundation -
Crewe Fund
2024
2024
2024
2024
£
£
£
£
Direct costs
Staff costs
36,103
287,604
79,920
30,003
Depreciation and impairment
-
4,500
797
-
Light, heat & water
-
3,600
7,269
-
Insurance
-
9,000
945
-
Telephone
595
5,256
3,823
459
Postage & stationery
986
1,205
315
23
Workshop facilitators
-
62
316
-
Counselling & supervision
390
4,955
992
540
Subcontract, recruitment &
training
-
1,175
1,122
-
Networking & PR
-
-
-
-
Rent & room hire
-
9,548
1,013
-
Subscriptions
625
1,333
492
-
Travel & residential costs
620
4,344
326
562
Repairs & Renewals
-
6,969
1,674
900
Software & related costs
557
4,600
1,633
34
Refreshment, cleaning &
sundries
94
4,585
497
-
39,970
348,736
101,134
32,521
Share of support and governance costs (see note 9)
Support
5,353
27,629
46
-
Governance
-
1,500
-
-
45,323
377,865
101,180
32,521
Analysis by fund
Unrestricted funds
-
-
-
-
Restricted funds
45,323
377,865
101,180
32,521
45,323
377,865
101,180
32,521		 Other
2024
£
69,271
582
2,860
582
484
190
51
(372)
3,541
268
1,655
3,418
706
2,768
4,149
750
90,903
184,661
8,476
284,040
255,130
28,910
284,040		 Total
2024
£
502,901
5,879
13,729
10,527
10,617
2,719
429
6,505
5,838
268
12,216
5,868
6,558
12,311
10,973
5,926
613,264
217,689
9,976
840,929
255,130
585,799
840,929

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

9 Support costs allocated to activities

Staff costs
Bank Charges
Online giving charges
Governance costs
Analysed between:
Schools
NHS
Cheshire East
The National Lottery
Cheshire Community Foundation - Crewe Fund
Other
10
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets		 2025
£
166,546
491
1,012
11,444
179,493
4,344
24,617
15,840
9,704
1,015
123,973
179,493
2025
£
5,288
4,248		 2024
£
216,488
500
701
9,976
227,665
5,353
29,129
-
46
-
193,137
227,665
2024
£
4,800
5,879

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. No trustee expenses were reimbursed in the year.

12 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
25 42

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

12
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2025
2024
£
£
582,540
675,017
29,702
31,649
11,808
12,723
624,050
719,389		 (Continued)
2025
2024
£
£
582,540
675,017
29,702
31,649
11,808
12,723
624,050
719,389
719,389

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was £53,002 (2024 £52,160).

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Tangible fixed assets

Leasehold land
and buildings
Plant and
equipment
Fixtures and
fittings
Computers
£
£
£
£
Cost
At 1 April 2024
59,627
5,054
1,417
25,818
Additions
-
-
-
4,810
Disposals
-
-
-
(2,798)
At 31 March 2025
59,627
5,054
1,417
27,830
Depreciation and impairment
At 1 April 2024
55,397
2,515
1,177
16,822
Depreciation charged in the year
423
634
60
3,131
Eliminated in respect of disposals
-
-
-
(2,798)
At 31 March 2025
55,820
3,149
1,237
17,155
Carrying amount
At 31 March 2025
3,807
1,905
180
10,675
At 31 March 2024
4,230
2,539
240
8,996		 Total
£
91,916
4,810
(2,798)
93,928
75,911
4,248
(2,798)
77,361
16,567
16,005

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
16
Creditors: amounts falling due within one year
Notes
Deferred income
17
Payments received on account
Trade creditors
Other creditors
Accruals
17
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2024
Resources deferred in the year
Deferred income at 31 March 2025
18
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
22,123
-
8,590
30,713
2025
£
64,617
15,222
2,051
11,007
6,040
98,937
2025
£
64,617
2025
£
64,617
49,150
64,617
64,617
2025
£
11,808		 2024
£
1,083
12,206
5,558
18,847
2024
£
-
-
2,778
8,071
56,238
67,087
2024
£
49,150
2024
£
49,150
58,917
49,150
49,150
2024
£
12,723

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

19 Endowment funds

Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income.

Expendable endowments

At 1 April 2024 Incoming At 31 March
resources 2025
£ £ £
- 230,000 230,000

The endowment fund included in the accounts is from The Edward Gostling Fund.

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations, grants and other income held on trust subject to specific conditions by donors as to how they may be used.

The transfer between the restricted and unrestricted fund is due to the completion of restricted fund projects in the year. £250,000 has also been reclassified from restricted funds to a designated fund to cover operating costs.

At 1 April 2024 Incoming Resources Transfers At 31 March
resources expended 2025
£ £ £ £ £
Assura - 15,589 (17,245) 1,656 -
CCF - 34,007 (33,284) - 723
NHS - 164,140 (133,698) - 30,442
National Lottery - 69,857 (69,825) (32) -
Schools - 19,965 (21,875) 1,910 -
Trusthouse - 15,383 (14,228) - 1,155
Operating costs 250,000 - - (250,000) -
Fixed Assets 9,722 - - (2,254) 7,468
Awards for All - 13,268 (12,483) - 785
CCF Fund it Forward - 11,750 (9,549) - 2,201
Cheshire East HYM - 260,363 (215,229) - 45,134
Clothworkers - 5,052 (5,052) - -
Healthy Neighbourhoods - 3,478 (3,368) - 110
Congleton Inclosure Trust - 25,000 (10,415) - 14,585
259,722 637,852 (546,251) (248,720) 102,603

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

20 Restricted funds (Continued)
Previous year: At 1 April 2023 Incoming Resources Transfers At 31 March
resources expended 2024
£ £ £ £ £
Assura - 25,000 (26,110) 1,110 -
CCF - 33,557 (32,521) (1,036) -
NHS - 377,704 (377,865) 161 -
National Lottery 22,470 101,989 (101,180) (23,279) -
Schools - 45,323 (45,323) - -
Trusthouse - 2,800 (2,800) - -
Operating costs 250,000 - - - 250,000
Fixed Assets 12,965 - - (3,243) 9,722
285,435 586,373 (585,799) (26,287) 259,722

21 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. £250,000 has been reclassified from restricted funds to a designated fund to cover operating costs.

At 1 April 2024 Incoming Resources Transfers At 31 March
resources expended 2025
£ £ £ £ £
Unrestricted funds 109,191 99,499 (204,956) (1,280) 2,454
The Leathersellers - 26,250 (10,360) - 15,890
Designated fund - operating costs - - - 250,000 250,000
109,191 125,749 (215,316) 248,720 268,344
Previous year: At 1 April 2023 Incoming Resources Transfers At 31 March
resources expended 2024
£ £ £ £ £
General funds 173,837 164,197 (255,130) 26,287 109,191

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

22 Analysis of net assets between funds

Unrestricted
Restricted
Endowment
funds
funds
funds
2025
2025
2025
£
£
£
At 31 March 2025:
Tangible assets
9,099
7,468
-
Current assets/(liabilities)
259,245
95,135
230,000
268,344
102,603
230,000
Unrestricted
Restricted
Endowment
funds
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
6,283
9,722
-
Current assets/(liabilities)
102,908
250,000
-
109,191
259,722
-		 Total
2025
£
16,567
584,380
600,947
Total
2024
£
16,005
352,908
368,913

23 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
18,301
30,303
48,604		 2024
£
17,401
48,604
66,005

24 Related party transactions

Transactions with related parties

During the year the charity had no related parties transactions.

VISYON LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

25
Cash generated from operations
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
(Decrease) in creditors
(Decrease) in deferred income
Cash absorbed by operations		 2025
2024
£
£
232,034
(90,359)
(10,245)
(5,654)
4,248
5,879
(11,866)
17,605
16,383
(19,548)
15,467
(9,767)
246,021
(101,844)

26 Analysis of changes in net funds

The charity had no material debt during the year.