OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-08-31-accounts

Registered number: NI602901 Charity number: NIC: 106627

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8 - 9
Notes to the financial statements 10 - 20

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025

Trustees Mr Victor Garrett
Mr Raymond Garrett
Mr Raymond Cotter
Company registered
number
NI602901
Charity registered
number
NIC: 106627
Registered office
Suite 2.06 Custom House
Custom House Square
Belfast
Antrim
BT1 3ET
Chief executive officer
Mr Victor Garrett
Accountants
UHY Hacker Young Fitch
Suite 2.06
Custom House
Custom House Square
Belfast
BT1 3ET

Page 1

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The Trustees present their annual report together with the financial statements of the Vision International Ministries for the 1 September 2024 to 31 August 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.

The advancement of the Christian religion in Malawi and throughout Africa for the benefit of the public through the following activities;

The prevention and relief of poverty for the benefit of the public through the following activities;

The advancement of education for the benefit of the public through the following activities;

b. Activities undertaken to achieve objectives

The charity raises funds for achieving its objectives through receiving donations, the sale of donated goods and furnishings in a small charity shop and from renting its owned premises to a charity with similar charitable purposes.

Achievements and performance

a. Main achievements of the charity

The organisation has been concentrating for some time on its projects in Malawi. The Nadazi school project was completed in 2011. It consists of a full primary school with 1250 children enrolled, including approximately 300 orphans. Teachers' offices, 2 teachers' houses and toilet blocks and borehole etc. Ongoing financial support for this work is continuing. The charity also sends containers of vital supplies of aid directly to Malawi.

Page 2

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance (continued)

b. Review of activities

Vision International Ministries commenced two Feeding programmes in rural villages each with the 50 most vulnerable orphans in early 2010. These programmes continue to be fully financed by the charity. Clothing and medical assistance is provided and in some cases school fees. These are located at Ntakataka and at Bondo both in the region of Chief Kachindodamoto (Dedza area Central Malawi).

The Emily Garrett project approximately 1 hour away is very isolated and difficult to get to with no other outside help apart from Vision Ministries. It is also funded completely by Vision International Ministries and under the care of ELIM Missions Malawi. It includes a Primary School and Community Church, staff house, orphan home, borehole, toilet block etc. There is also important feeding for children. Ongoing financial support for books and staff will continue for the foreseeable future. No school fees are charged as this is an area of extreme poverty. The transport costs in relation to this project have been considerable due to the difficult location.

We have the full support of the Senior Chiefs, local MPs, the Education Minister, Local Authorities and all local church denominations. Also we are welcome by the Malawi Government Assembly.

Visioncraft (craft section vocational training) is registered in Malawi as an FBO (Faith Based Organisation) and the sale of crafts has helped set up a computer college where students recently completed their course including "Young People" school teachers. Some are still studying but most have been helped to find jobs, mainly in teaching posts.

They also have 2 feeding programmes with over 50 orphans in each which was started approximately 6 years ago in rural villages. The Trustees receive weekly feeding reports on the activity of the feeding programmes. This work was undertaken after discussions with the local MP and Senior Chief who both have a heart for the children and continue to lend their support.

Although Vision International Ministries works in rural areas where poverty and disease is rife they are seeing lives dramatically changed, especially in regards to children. These people are truly the WARM HEART OF AFRICA. We want to do something to help them so our mission statement simply is to "help and encourage those who are prepared to help themselves and to show them how they can do just that".

Vision International Ministries welcomes all who wish to participate in activities and programmes run by the charity, which exists to promote the advancement of the Christian religion and provide educational opportunities.

During the year ended 30 April 2016 the charity completed the purchase of new premises in Newtownards. This has provided a new base for the charitable activities and since 2019 has begun an additional source of incoming resources from renting parts of the property to other charitable organisations with similar charitable purposes.

During the year in-person visits to the projects in Malawi were able to continue, and the Trustees continued to provide vital financial aid, shipping aid containers and trucks driven directly to the projects.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 3

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

b. Reserves policy

Vision International Ministries subscribes to a high standard of accountability and stewardship.

The results for the year are set out in the attached financial statements. The results for the year and the financial position were considered satisfactory by the trustees who expect growth in the foreseeable future.

During the year and at the year end all the general funds under the control of the charity were unrestricted income funds. The Board confirm that the charity's assets are available and adequate to fulfil the obligations of the charity and that the funds are not excessive, given the assets, commitments and size of the charity.

c. Principal risks and uncertainties

The Trustees continue to monitor the impact of the wider economic climate in Malawi and how that may impact the work it does there.

Structure, governance and management

a. Constitution

Vision International Ministries is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 20th April 2010.

The charity is constituted under a Memorandum of Association dated 27th January 2016 and is a registered charity with HMRC under number NI00170. The charity is registered with the Charity Commission for Northern Ireland under number NIC 106627.

b. Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

c. Organisational structure and decision-making policies

Vision International Ministries has a Board of three professional people – one minister of religion and two professionals who function as Directors. This Board is responsible for the setting of policy, decisions on the annual programme of work, the financial management and supervision of any staff or volunteers appointed to work on behalf of the charity.

Plans for future periods

It is anticipated that all future developments will continue to focus on the advancement of religion, the relief of poverty and the advancement of education in Malawi, particularly school projects and feeding projects.

Page 4

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the charity 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).

Company law requires the Trustees to prepare financial statements for each financial . 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 charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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.

Approved by order of the members of the board of Trustees on 24 June 2026 and signed on their behalf by:

Mr Victor Garrett Trustee

Page 5

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Independent examiner's report to the Trustees of Vision International Ministries

I report on the financial statements of the charity for the year ended 31 August 2025 which are set out on pages 7 to 20.

Respective responsibilities of charity Trustees and examiner

As the charity's trustees (and also the directors of the company for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. that accounting records were not kept in accordance with section 386 of the Companies Act 2006;

  2. that the accounts do not accord with those accounting records;

  3. that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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);

  4. that there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Dated: 24 June 2026

Michael Fitch Chartered Accountants Ireland

27-29 Gordon Street Belfast BT1 2LG

Page 6

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

Note
Income from:
Donations and legacies
3
Investments
4
Other income
5
Total income
Expenditure on:
Raising funds
Charitable activities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
53,438
35,245
78,735
167,418
10,803
141,391
152,194
15,224
128,775
15,224
143,999		 Total
funds
2025
£
53,438
35,245
78,735
167,418
10,803
141,391
152,194
15,224
128,775
15,224
143,999		 Total
funds
2024
£
65,483
36,833
15,572
117,888
7,603
106,592
114,195
3,693
125,082
3,693
128,775

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 20 form part of these financial statements.

Page 7

VISION INTERNATIONAL MINISTRIES (A company limited by guarantee) REGISTERED NUMBER: NI602901

BALANCE SHEET AS AT 31 AUGUST 2025

Note
Fixed assets
Tangible assets
11
Current assets
Stocks
Debtors
12
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
13
Net current assets / liabilites
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 5,100
1,516
16,251
22,867
(6,391)		 2025
£
127,524
127,524
16,476
144,000
144,000
144,000
-
144,000
144,000		 5,100
1,516
13,091
19,707
(22,783)		 2024
£
131,851
131,851
(3,076)
128,775
128,775
128,775
-
128,775
128,775

The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 24 June 2026 and signed on their behalf by:

Page 8

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025

Mr Victor Garrett Trustee

The notes on pages 10 to 20 form part of these financial statements.

Page 9

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

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

1. General information

Vision International Minstries is a charitable company limited by guarantee, incorporated in Northern Ireland under registration number NI602901.

The company's registered office is situated at Suite 2.06 Custom House, Custom House Square, Belfast, BT1 3ET.

The charity's principal objects and activities are noted in the Trustees' Report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Vision International Ministries 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.

2.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and can be relaibily measured and to the extent the goods have been provided or on completion of the service.

2.3 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. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 10

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

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

2. Accounting policies (continued)

2.4 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Long-term leasehold property - 2% straight line
Fixtures and fittings - 10% straight line
Office equipment - 25% straight line

2.5 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

Page 11

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

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

2. Accounting policies (continued)

2.9 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Donations
Donations		 Unrestricted
funds
2025
£
53,438
Unrestricted
funds
2024
£
65,483		 Total
funds
2025
£
53,438
Total
funds
2024
£
65,483

4. Investment income

Unrestricted Total
funds funds
2025 2025
£ £
Local rent received 35,245 35,245

Page 12

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

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

4.
Investment income (continued)
Local rent received
5.
Other charity trading income
Charity donated goods income
Charity donated goods income
6.
Analysis of expenditure on charitable activities
Summary by fund type		 Unrestricted
funds
2024
£
36,833
Unrestricted
funds
2025
£
78,735
Unrestricted
funds
2024
£
15,572		 Total
funds
2024
£
36,833
Total
funds
2025
£
78,735
Total
funds
2024
£
15,572
Advancement of Christian religion and relief of poverty in Malawi
Advancement of Christian religion and relief of poverty in Malawi		 Unrestricted
funds
2025
£
141,391
Unrestricted
funds
2024
£
106,592		 Total
2025
£
141,391
Total
2024
£
106,592

Page 13

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

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

7. Analysis of expenditure by activities

Advancement of Christian religion and relief of poverty in
Malawi
Advancement of Christian religion and relief of poverty in
Malawi
Analysis of direct costs
Feeding project and Christian school funding
Aid containers
Project vehicles
Feeding project and Christian school funding
Aid containers		 Activities
undertaken
directly
2025
£
68,189
Activities
undertaken
directly
2024
£
74,508		 Support
costs
2025
£
73,203
Support
costs
2024
£
32,083
Advancing
Christianity
2025
£
48,979
9,160
10,050
68,189
Advancing
Christianity
2024
£
71,073
3,435
74,508		 Total
funds
2025
£
141,392
Total
funds
2024
£
106,591
Total
funds
2025
£
48,979
9,160
10,050
68,189
Total
funds
2024
£
71,073
3,435
74,508

Page 14

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

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

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
General office costs
Printing
Post office charges
Telephone & internet
Bank & credit card charges
Sundry
Premises expenses
Insurances
Repairs and maintenance
Accountancy
Travel & transport
Governance costs		 Advancing
Christianity
2025
£
18,434
4,327
372
557
338
1,174
98
2,626
18,750
3,378
284
1,351
20,014
1,500
73,203		 Total
funds
2025
£
18,434
4,327
372
557
338
1,174
98
2,626
18,750
3,378
284
1,351
20,014
1,500
73,203

Page 15

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

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

7. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Staff costs
Depreciation
General office costs
Printing
Postage
Telephone & internet
Bank & credit card charges
Sundry
Premises expenses
Insurances
Repairs and maintenance
Malawi shipping & freight
Travel & transport
Governance costs
8.
Independent examiner's remuneration
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts
Fees payable to the charity's independent examiner in respect of:
All other services not included above
9.
Staff costs
Wages and salaries		 Advancing
Christianity
2024
£
1,000
3,702
302
479
348
945
324
4,269
1,250
1,794
1,488
603
14,079
1,500
32,083
2025
£
1,500
1,351
2025
£
18,434
18,434		 Total
funds
2024
£
1,000
3,702
302
479
348
945
324
4,269
1,250
1,794
1,488
603
14,079
1,500
32,083
2024
£
1,500
602
2024
£
1,000
1,000

Page 16

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

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

9. Staff costs (continued)

The average number of persons employed by the charity during the year was as follows:

2025 2024
No. No.
Trustees 2 3

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the year, one Trustees has been paid remuneration or has received other benefits from an employment with the charity. The remuneration was paid specifically for employment and not in connection with serving as a Trustee as allowed under the the Charities Act (Northern Ireland) 2008. The value of Trustees' remuneration and other benefits was as follows:

2025 2024
£ £
Mr Raymond Garrett Remuneration 10,400 1,000

During the year ended 31 August 2025, no Trustee expenses have been incurred (2024 - £NIL) .

11. Tangible fixed assets

Cost or valuation
At 1 September 2024
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025		 Long-term
leasehold
property
£
156,999
156,999
28,775
3,140
31,915		 Motor
vehicles
£
4,000
4,000
1,500
625
2,125		 Fixtures and
fittings
£
5,623
5,623
4,496
562
5,058		 Office
equipment
£
11,825
11,825
11,825
-
11,825		 Total
£
178,447
178,447
46,596
4,327
50,923

Page 17

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

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

11. Tangible fixed assets (continued)

Net book value
At 31 August 2025
At 31 August 2024		 Long-term
leasehold
property
£
125,084
128,224		 Motor
vehicles
£
1,875
2,500		 Fixtures and
fittings
£
565
1,127		 Office
equipment
£
-
-		 Total
£
127,524
131,851

12. Debtors

Due within one year
Other debtors		 2025
£
1,516
1,516		 2024
£
1,516
1,516

13. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
1,669
222
2,760
1,740
6,391		 2024
£
1,217
-
19,824
1,742
22,783

14. Financial instruments

2025 2024
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 16,251 13,091

Financial assets measured at fair value through income and expenditure comprise bank balances and cash.

Page 18

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

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

15. Statement of funds

Statement of funds - current year


Unrestricted funds
General Funds - all funds
Statement of funds - prior year
Unrestricted funds
General Funds - all funds		 Balance at 1
September
2024
£
128,775
Balance at
1 September
2023
£
125,082		 Income
£
167,419
Income
£
117,889		 Expenditure
£
(152,194)
Expenditure
£
(114,195)		 Balance at
31 August
2025
£
144,000
Balance at
31 August
2024
£
128,776		 Balance at
31 August
2025
£
144,000
Balance at
31 August
2024
£
128,776
Total differs from the current year brought forward balance (Unrestricted funds) (1)

16. Summary of funds

Summary of funds - current year


General funds
Summary of funds - prior year
General funds		 Balance at 1
September
2024
£
128,775
Balance at
1 September
2023
£
125,082		 Income
£
167,419
Income
£
117,889		 Expenditure
£
(152,194)
Expenditure
£
(114,195)		 Balance at
31 August
2025
£
144,000
Balance at
31 August
2024
£
128,776

Page 19

VISION INTERNATIONAL MINISTRIES

(A company limited by guarantee)

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

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
127,524
Current assets
22,867
Creditors due within one year
(6,391)
Total
144,000
Analysis of net assets between funds - prior year
Unrestricted
funds
2024
£
Tangible fixed assets
131,851
Current assets
19,707
Creditors due within one year
(22,783)
Total
128,775		 Total
funds
2025
£
127,524
22,867
(6,391)
144,000
Total
funds
2024
£
131,851
19,707
(22,783)
128,775

18. Controlling party

The charity is controlled by the Board of Trustees.

Page 20