Charlty reglstratlon number 1192652
THE VISIONARY CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 OCTOBER 2023

THE VISIONARY CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
A Pilalia
A Pilali8
R Grisewood
N Halverson
(Appointed 26 October 20231
Charfty number
1192652
Principal address
25 Chorfey New Road
Bolton
Greater Manchester
BL14QR
Auditor
Champion Accountants LLP
1 WorsSey Court
High Street
Worsley
Manchester
M28 3NJ
Solicitors
Gateley
Ship Canal House
98 King Street
Manchester
M2 4VVU

THE VISIONARY CHARITABLE TRUST
CONTENTS
Pagg
Trustees. report
Independent auditor's report
Statement of financial activities
Balance sheet
statement of cash flows
Notes to the financial stslements
9-14

THE VISIONARY CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 OCTOBER 2023
The trustees present their annual report and finanaal statements for the year ended 5 October 2023.
The financial slalemenls have been prepared in ac¢ordance with the accounting policies set out in note 1 to the
financial statements and Comply with the charitable trust's Declaration of Trust, the Charities Act 2011 and
"A¢¢ounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance wth the Financial Repts￿.ng Standard applicable in the UK and Republic of Ireland IFRS
1021" leffeclive 1 January 20191.
Objectives and activktle5
The trustees have paid due regard lo guidance issued by the Charty Commission in deuding what activities the
ehari(able trust should undertake.
TVCT was established in 2019 and although there are no reslr4Ctions in temis of how funds be gifted, the
charity aims to SUPPDrt a number of worthy causes of which many will be focused on restoring sight and healthcare.
Achlevements and perfomiance
ft is a Pleasu￿ to Present our third annual ￿pOrt.
During the year, TVCT have been working extremely hard behind the s￿neS to establish a support function for The
Bright Sight Mission both via tundin9 routes and advisory services. While doing so we have also donated to Support
causes across the world.
Financlal revlew
During the period, TVCT received £300,199 in retum on investments.
TVCT have provided grants of £22,640 to causes across the world.
Plans for future periods
As we look forward to the coming months and years, we are exploring how we Can assist in achieving one of our
many mutual objectives in helping lo restore eyesight in third world countries.
We will continue lo donate to other cause5 across the world which the tiuslees deem lo align wf(h our objectives.
structure. governance and managemgnt
The Visionary Charitable Trust (TVCT) is a non-exempt charity govemed by a Declaration of Trust dated 17
September 2019. All TVCT investments were managed by the trustees during the period and the trustees have
reviewed all risks surrounding the investments. The Trustees have due regard lo the guidance published by the
Charities Commission regarding public benefit.
The Trustees are responsible for the investment strategy and distribution of funds. Due regard lo the aims and
objectives of the charty is considered by the Trustees each lime a donation 15 made.
The trustees who served during the year and up to the dale of signature of the financAal stslements were..
A Pilalia
A Pitslia
R Grisewood
N Halverson
(Appointed 26 Oclober 2023}
Trustees are norninaled by the existing Trustees. They retire by rotslion every three years bul may offer themselves
for re-election.
Trustees are appointed with a view to providing a variety of sknlls, culture. age and gender.
New Trustees are appraised of the Philosophy of the Trust and are issued wth an induction folder which indudes
the Charity Commission publications and guidance.
None of the trustees has any beneficial inleTest in the trust. A15 of the Iruslees are members of the trust and
guarantee to contribute £1 in the event of a winding up.

THE VISIONARY CHARITABLE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 5 OCTOBER 2023
The companls vjrrent potry concerThng the p¥ym8nl of trade creditors is io folkJw the CBfs Pl￿￿P1 Payers Code
Iwpi¢s are available from the CBI, Centre Point, 103 New Oyford Streèt. L¢ndon WC1A 1DW.
Tho ￿mpany$ current poli¢y ¢onceming the p4ymÈntoftr4de credibr5 16 to..
settle the tem16 Ot payment wth suppliers ￿en agr6einy the terms of ea¢h transacbon:
ensure that SUP￿lerS are made aware of Ihe temis of p8yrr*nl by inclusion of the relevant tems in corrtraGts:
pay in a(xord8nts Wilh the trust￿ and other legal oblYd&tion$.
Statementoltru5t•#s' responslbllltles
The tnJsl88s are responsible for preparing th• Trustees. Rewjrt And th8 financlal statements in Accordance with
applicable saw and UnilÈd Kingdom Ac(¥wnting StandardB (Untted K￿gdoM GEnèrally Arthk￿d Accounting
Practice).
The law applthbTe to charitles in England and Wal88 requ1￿$ th8 truste•s to prepare slaiomenl$ for •ath
finanaal year which give a tru8 8nd f3%r iyew of the slate of 8ffairg ot the charitab10 trust and of the ￿*￿0￿
resour￿$ and applKaJon of TesryJrt*s of the charitsble tDJSt forthal ye￿.
lfi prepodnj Ihe5e finandai 5tatemBnts. th¢ tNstees gre required tty.
-sele¢t suilable acc(wntinp [K)Il￿e5 and thoTr apply them consistent￿.
-observe the Methods and PrI￿P1&S ITr the Gharitie5 SORP,.
- rnakeludgements and est•nates Ihat ?rè Teasonable aTrJ prudent,.
- slats whelhei appllr2bl8 2ccountiny slandards have been tollowed, subprt to any materfkT d8p*lures dls¢losed
and explained in the financial 5tatEments'. and
- prepara the finÈn¢i81 statements i)n th8 goinll basis Lwles8 It is inapproprMte Its rxe$ume that the th&rity
11 cen*"nu• in OPBratirm.
The trustees are Te5ponsible for kee￿fta Suffiryent aC¢OL￿ting record5 thal disd05e with reasonable a¢curaty at any
me Ihe finand41 positicn oflhe Ghoritai4e tru51 and enablB Ihem to ensure that the financial stat8ment5 Lx)mply with
Ihe Chaiitie5 Act 2011. thè Challty (Accovnts and Reptsrtsl Regulations 2008 and the provI￿n$ of the trusl deed.
They are &150 responsible for Safeguarding Ihe assels of the tha1¢18￿e trust and hence for taking reasonabl8 step5
for Ihe pre￿￿On and dete¢Uon of fraud and other iTreyutsrities.
The twst8es' reportW8S opprovod by the Board DfTn¢sts88.
N Halvers¢y)
Trustee
12 March 2024

THE VISIONARY CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE VISIONARY CHARITABLE TRUST
Opinion
We have audited the financial statements of The Visionary Charitable Trust (the 'charilable Irust'l for the year ended
5 October 2023 which comprise the statement of financial activities. the balance sheet, the stslement of cash flow5
and notes lo 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 Praclicel.
In our opinion, the financial statements..
give a true and fair view of the slate of the charity's affairs as at 5 October 2023 and of bts incoming resources
and application of resources, for the year then ended-,
have been propedy prepared in accordance with Unrted lfjngdom Generally Accepted Accounting Practice..
and
have been prepared in accordance wth the requirements of the Charities Act 2011.
Basis for oplnlon
We Conducted our audit in accordance with International Standards Dn Aucliling IUKI IISAS IUKI) and applicable
law. Our responsibilities under those standards are further described in the Audilorfs responsibiliti&s for the audit ol
the financial statements section of our report. We are independent of the charitable trust in aG¢ordance with the
ethical requirements that are relevant to our audit of the finanaal statements in the UK, induding 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 relallng to going concgrn
In auditing the financial slalements. we have concluded that the trustees, use of the going concem basis ol
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubt on the charitable trust's ability lo continue as
going concem for a period of at least ￿e1ve months from when the finanaal statements are aulhorised for issue.
Our responsibilities and the responsibilities of the trustees With resped to going concem are described in the
relevant sections of this report.
Othèr informatlon
The other infom)alion comprises the infomiation included in the annual report other than the financial stalenients
and our auditorfs report Ihereon. The trustees are responsible for the other information contained wthin the annLJal
report. Our opinion on the financial ststements does not cover the other infomiation and we do nDI express any form
of assurance condusion Ihereon. Our responsibilty is lo read the other information and, in doing 50. consider
whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies
or apparent material misstalemenls, we are required lo determine whether this gives rise to a materrdl misslalement
in the financial statements themselves. If, based on the work we have performed, w8 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.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relatton to whith the Charities (Accounts and
Reports) Regulations 2008 require us to report lo you rf, in our opinion".
the information given in the finanual stslemonts is inconsistent in any material respect wth the trustees.
report., or
sufficient accounting records have not been kept., or
the financial statements are not in agreement Tmth the accounting records-, or
we have not received all the information and explanations we ￿quire for our audit.

THE VISIONARY CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE VISIONARY CHARITABLE TRUST
Responsibilitles of trustees
A5 explained more fully in the statement of trL*slees' responsibilities, the trustees 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 Iruslees detemiine is necessary lo enable the preparation of financial slalemenls that are free from material
misslalement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for
assessing the charilab5e trust's ability lo continue as a going ¢oncern, disclosing, as applicable. matters related to
going con￿rn and using the going concern basis of a¢¢ounting unless the trustees either intend to cease
operations. or have no realislie alternative bul to do so.
Auditorfs responslbllltle$ for the audst of the flnancial ststements
We have been appointed as auditor under section 144 of the Charrties Act 2011 and report in accordan￿ with the
Act and ielevant regulations made or having effed thereunder.
Our objectives are lo obtain reasonable assurance about whether the financial statements as a Who￿ are free from
material misstatement, whether due lo fraud or error, and to Issue an audilorfs report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audf( conducted in accordance
with ISAS IUKI wll always delect a material mis5talemenl when il exists. Misslalements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influen
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting iffegularities, ir*dLsding fraud, is detsiled below.
As part of our planning PTocess'.
We enquired of management the systems and controls the cornpany has in place, the areas of the financial
statements that are mostly susceptible to the risk of irregularities and fraud, and whether there was any known,
suspected or alleged fraud. The company did not inform us of any known, suspected or alleged fraud.
- We obtained an understanding of the legal and ￿gUlatOry frameworks applicable to the company. determined
that the fo51owing were most relevant.. FRS 102 and the Charities Act 2011.
We considered the incentives and opportunities that exist in the trust, including the extent of management bias.
which present a potential for irregularities and fraud to be perpetuated. and tailored our risk ass&8sment
accordingly.
Using our knovAedge of the Irusl, together with the discussions held wth the trustees at the planning stage, we
formed a conclusion on the risk of misstatement due to irregularities including fraud and tsilored our procedures
according lo this risk assessment.
In response to the risk of irregularf(ies and non-compliance with laws and regulations, induding fraud, we designed
procedures which included..
Enquiry of management and those charged wf(h governance aTound actual and Potential litigation and claims as
well as actual, suspected and alleged fiaud.,
Reviewing minutes of meetings of those d)arged with governance.,
- Asse55ing the extent of compliance with the laws and regulations Considered to have a direct material effect on the
financial slalemenls or the operation5 of the entity through enquiry and inspection.,
Reviewng financial statement disdosures and testing to supporhng documentation to assess complian￿ wth
applicable laws and regulations.,
Performing audit work over the risk of management bias and override of controls, including testing of journal
entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions
Dulside the nom)al course of business and reviewing accounting eslimales for indicators of potential bias.
There are inherent limitations in the audit procedures descrtbed above. The more removed that laws and
regulations are from financial transactions. the less likely it is that we would be￿me aware of non-compliance.
Auditing standard5 also limit the audit procedures required to identty non-compliance with laws and regulations lo
enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
The risk of not detecting a material mi5Stalement resulting from fraud is higher than one resulting from error, as
fraud may involve Gollusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

THE VISIONARY CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE VISIONARY CHARITABLE TRUST
A further des¢riplion of our responsibilrfties is available on the Financial Reporting Council's website at.. https.'Il
www.frc.org.uklaudilorsresponsibilities. This description forms part of our audilorfs report.
other matters
Your attention is drawn to the fact that the charity has prepared financial statements in a￿OrdanCe wf(h "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charrties preparing their accounts in
accoidance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las
arnendedl in preference to the Accounting and Reporbng by Charities.. Statement ol Recommended Practice issued
on 1 April 2005 which is referred lo in the extant regulations bul has now been withdrawn.
This has been done in order for the finanual statements to provide a true and fair view in accordance wth current
Generally A¢￿PIed Accounting Practice.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state lo the charity's trustees
those matters we are required to stale lo them in an aLJdi10rf5 report and for no other purpose. To the fullest extent
pemiitted by law, we do not accept or assume responsibility lo anyone other than the tharily and the charity,
trustees as a body, for our audit work, for this report. or for the opinions we have formed.
Mark Turner FCA Isenior Statutory Audltorl
for and on behalf of Champion A¢¢ountsnt5 LLP
12 March 2024
Chartered Accountsnts
ststutory Auditor
1 Worsley Court
High Street
Worsley
Manchester
M28 3NJ
Champion Accountants LLP is eligible for appointment as auditor of the charilabSe trust by virtue of ils eligibility for
appointment as auditor of a company under section 1212 of the CompaniesAcl 2006.

THE VISIONARY CHARITABLE TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 OCTOBER 2023
Unrestrlcted
funds
2023
Unrestricted
funds
2022
Notss
Income from:
Donations and legaaes
Investments
9,394
393,696
4,130,421
172,794
Total income
403,090
4.303,215
Charrtable activities
97.302
76,956
Net income and movement in funds
305,788
4,226.259
Reconciliation of funds:
Fund balances al 6 O¢tober 2022
4,246.215
19.956
Fund balances at 5 October 2023
4,552,003
4,246,215
The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE VISIONARY CHARITABLE TRUST
BALANCE SHEET
AS AT 5 OCTOBER 2023
2023
2022
Not•s
Curr•nt assets
Debiors
Investments
Cash at bank hand
11
12
428,480
3.223,816
904,507
143.995
3,445,658
882.562
4,556,8D3
4.252.215
CredltoryJ: arnounts lallkng due wlthln
pne yeaT
13
4.800
M•t rAJrrent assels
4,552,003
4246.215
Thelund5 ofthe charttable trust
UNestri¢18d ￿d$
4.$52,003
4.246.215
4552,C(13
4.246215
The ffina￿al ststements ww8 approwl by the on 12 March 2024
NHal
Trustee
rson

THE VISIONARY CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 5 OCTOBER 2023
2023
2022
Notss
Cash flows from operating actlvltles
Cash labsoibed by}1generaled from
operations
16
1373,5931
3,915.470
Investing activities
Purchase of investments
Proceeds fiom disposal of investments
Investment income received
1330.6581
552,500
393,696
13,445,658)
172,794
Net cash generated fromllused in}
Investlng activities
615,538
13.272.864)
Net cash us&d In financlng a¢tlvltles
Net Increase In cash and cash equlvalents
241,945
642.606
Cash and cash equivalents al beginning of year
662,562
19,958
Cash and cash gqulvalents at end of year
904.507
662,562

THE VISIONARY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 OCTOBER 2023
Accountlng policles
Charlty inforniatlon
The Visionary Charitable Trust is an unincorporated charity.
1.1 Reportlng period
The prior year was extended and represented an eighteen month period and 8s such is not directly
comparable with the current rigures which represent a period of 1 year.
1.2 Accountlng convention
The financial statements have beèn prepared in accordance wth the charitable Irusvs trust deed, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I'FRS 102.1 and the Charities SORP 'Accounling and Reporting by Charities.. Statement ol
Re¢ommended Practi¢e applicable lo charities preparing their a¢coLJnts in accordance with the Financial
Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102)" leffeclive 1 JanLJary 20191- The
charitable trust is a Public Benefit Entity as defined by FRS 102.
The financial slalemenls have departed from the Charf(ies (Accounts and Reports) Regulations 2008 onty to
the extent required to provide a true and fair view. This departure has involved following the Stslemenl ol
Recommended Prath"ce for charities applying FRS 102 rather than the version of the Statement of
Recommended Pradice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterfing, which is the functional currency of the charitable trust.
Monetary amounts in these financial 51alements are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
poli(aes adopted are Set out below.
1.3 Going concern
At the lime of approving the financial statements, the trustees have a reasonable expectation that the
charitable trust has adequate resour￿8 to continue in operational existen￿ for the foreseeable future. Thus
the trustees continue lo adopt the going ¢oncern ba515 of accounting in preparing the financial slatemenls.
1.4 Charltsble funds
Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable
objectives.
1.5 Income
Income is recognised when the charitsble tfust is legally entitSed to it after any perfomiance conditions have
been met. the amounts Can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on ￿ceIpt. Other donations are recognised once the Charitable trust has been
notified of the donation, unless performance conditions require deferral of the amount. Income tsx recoverable
in relation lo donations received under GiftAid or deeds of covenant is recognised al the time of the donation.
Legacies are recognised on receipt or otherwise rf the charitable tnjst has been notified of an IM￿ndIng
distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as
contingent asset

THE VISIONARY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 OCTOBER 2023
Accountlng policies
(Contlnuadl
1.6 Expenditure
Expenditure is recognised once there is a legal or conslrudive obligation to transfer economic benefit to a
third party, il is probable that a transfer of economic benefts will be required in settlement. and the amount ol
the obligation can be measured reliably.
Expenditure is classified by aclivily. The ¢osts of each activity are made up of the total of dir&t costs and
shared costs, including support Costs involved in undertaking each activity. DI￿¢1 costs attribulakAe lo a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs ¥Nhich are not attributable to a single activity are apportioned between those activities on a basis
consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent. and
depreciation Charges are allocated on the portion of the asset's use.
1.7 Cash and cash equivalents
Cash and cash equivaSenls include cash in hand, deposits held al c811 with banks, other short-term liquid
investments wth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borro¥Arings in cUr￿n1 liabilities.
1.8 Flnancial Instruments
The charitsble trust has elected lo apply the provisions of Section 11 'Basie Finanaal Inslrumenls, and Section
12 '01her Financial InstruFnenls Issues. of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the charitable trust's balance sheet when the charitable trust becomes
paty to the contractual provisions of the instrument.
Financial assets and liabilities are offset, wth the net amounts presented in the financial 5talemenls, when
IheTe is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or lo realise the asset and settle the liability 5imullaneously.
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction price induding transaction costs and are subsequently carried al amortised cost using the effecttve
interest method unless the arran9emenl conslitules a financing transaction, where the transaction is
measured al the present value of the future receip15 discounted al a market rale of interest. Financial assets
cla&srfied as receivable within one year are not amortised.
Crltlcal accountlng estlmates and judgements
In the application of the charitable trust's aecounting policies, the trustees are required to make judgements,
estimates and assumptions about the carryin9 amount of assets and liabilities that are not readily apparent
from other sources. The eslimales and associated assumptions are based on historical experience and other
factors that are considered lo be relevant. Actual resuts may differ from these estimates.
The estimates and undedying 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 cnly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
10-

THE VISIONARY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 OCTOBER 2023
In¢ome from donatlons and lega¢les
Unrestricted Unrestrlcted
funds
funds
2023
2022
Donations and gifts
9,394
4,130,421
Income from Investmftnts
Unrfystricted Unrestricted
funds
funds
2023
2022
Interest weivable
393.696
172,794
Expendlture on charitable activities
Grants
awarded
2023
Grants
awarded
2022
Dlrect Costs
Grants awarded
22,640
41.914
Share ofsupportand governance costs Isee note 61
Govemance
74,662
35,042
97,302
76,956
Analysts by fund
Unrestricted funds
97,302
76.956
Support Costs allocated to actlvltles
2023
2022
Govemance costs
74,662
35,042
Analysed between:
Grants awarded
74,662
35,042

THE VISIONARY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 OCTOBER 2023
Support costs allocated to a¢tEvities
(Continued)
2023
2022
Governance costs comprlse:
Audr( fees
Legal and professonal
Bank charges
Investment management
5,160
3.144
{151
66.373
6.000
243
28,799
74,662
35,042
Wllhin Governance Costs there are unrelated and unconnected Ihird-paty management costs of £66,373
12022.. £28.7991. These investment Costs resulted in monies generated for charitable purposes of £393,696
12022.. £172,794).
Trustees
None of the trustees lor any persons connected with them) received any remuneration or benefits from the
aritable trust during the year.
Employaes
The average monthly number of employees during the year was..
2023
Number
2022
Number
Total
There were no employees whose annual remuneration was more than £60.000.
Remuneration of key management personnel
The remuneration of key management personnel for the year was nil {2022'. nil)-
Taxatlon
The charity is exempt from taxation on ils activities because all its income is applied for charitable purposes.
10 Flnancial instrum&nts
2023
2022
Carrylng amount of financial assets
Instrument5 measured at fair value through profit or loss
3,223,816
3,445.658
12-

THE VISIONARY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 OCTOBER 2023
11 Debtors
2023
2022
Amounts falling due within one year:
other debtors
428,480
143.995
12 Current asset investm&nts
2023
2022
Unlisted investments
3,223,816
3.445.658
13 Credltors.. amounts falling dug wlthin one year
2023
2022
Accwals
4,800
6,000
14 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject lo specific conditions by donors and grantDrs as to how they may be used. These include
designated funds which have been sel aside out Df unrestricted funds by the trustees for specific purposes.
At 6 o￿ober
2022
Incorning
resources
Resources At 5 October
expended
2023
General funds
4,246,215
403,090
197.3021
4,552.003
Prevlous period:
At 6 October
2021
Incoming
resources
Resources At 5 October
expended
2022
General funds
19,956
4.303,215
(76,9561
4,246,215
15 Related party transactions
During the year, Pilalia Ltd. a company controlled by a member of the board of trustees. gifted £9,14412022.'
£nill to the trust.
During the year A Pilalia. a member of the board of Iruslees. gifted £nil to the trust (2022: £4,130,421).
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THE VISIONARY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 OCTOBER 2023
16 Cash g&n8rated from operatlons
2023
2022
Surplus for the year
305.788
4,226.259
Adjustments for.
Investment income re￿gnised in slalemenl of financial activities
1393,696}
1172,7941
Movements in working capital.
{Increasel in debtors
(Decreasellincrease in creditors
1284,4851
11,2001
1143,9951
6,000
Cash labsorbed byllgenerated from opgrations
{373,5931
3,915,470
17 Analysls of ¢hanges in net funds
The charitable trust had no material debt during the year.
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