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REGISTERED COMPANY NUMBER: 05250758 (England and Wales)
REGISTERED CHARITY NUMBER: 1107951











Report of the Trustees and

Financial Statements for the Year Ended 31st March 2023

for

Visyon Limited

Visyon Limited






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Report of the Trustees 1 to 8

Report of the Independent Auditors 9 to 12

Statement of Financial Activities 13

Balance Sheet 14

Cash Flow Statement 15

Notes to the Cash Flow Statement 16

Notes to the Financial Statements 17 to 28

Visyon Limited (Registered number: 05250758)

Report of the Trustees
for the Year Ended 31st March 2023


1. Chair of Board of Trustees Opening Statement
The last year has, in general, been a stable and successful one for Visyon. It has been a relief to not have to manage the direct impact from the Covid-19 pandemic, although we continue to see its impact alongside the cost-of-living crisis.

Financially, as you can see from this annual report, we have had a positive year returning a welcome surplus after last year's deficit. In the current financial climate our expenses increased from last year as they have for most of us. However, thanks to the fantastic efforts of our fundraising team we managed to raise income more than our costs. The team have been diligent and innovative in finding ways for us to raise funds to continue our work. In particular, I would like to highlight the 'Challenge Events' this year which raised over £25k through the generous efforts of our supporters who took on challenges and raised sponsorship to sky dive, run, walk and cycle for our benefit - our sincere thanks to everyone.

From an operational perspective, we benefited last year from our efforts the previous year to put in place stronger management of our waiting lists and open communication with our commissioners. As a result, I am pleased to report waiting lists have been kept under good control and we saw virtually all clients within our target timescales despite some challenges with vacancies. Historically, Visyon has taken on placement counsellors, this brings new people in every year to support the counselling services delivery and often these people go on to volunteer and work with Visyon in the future. The pandemic broke the rhythm of these placements, it will take some time for this to reestablish and work through and so we felt the impact last year.

The trend of increasing complexity of the cases presented continues. Last year the average number of Causes for Concern per month was up 36%; this is not a one-off, the previous two years rose 39% and 30%. As a community we need to be worried about the cost-of-living crisis adding unsustainable stress to families, society, schools and other institutions not yet recovered from the impact of the pandemic.

Visyon continues to look at the services we offer to the community and to evolve the services as needed. In this regard, a highlight of last year was the work by our Families and Communities team to deliver parent and carer workshops. The team took the initiative to actively research the community need and then use their wealth of experience to deliver evidence-based sessions in a relaxing, friendly and non-judgemental way that received positive feedback.

As always, I express my personal thanks to the members of our board of Trustees who are volunteers and give their time to provide diligent governance of Visyon and make their skills and expertise available to support the senior leadership team. In September last year, we were very pleased to have Barry Brennan join the board, Barry brings experience of financial services and organisational governance and made an immediate contribution joining our Financial Sustainability Group. In February this year, Andrew Leahy left the board after 7 years as a member, Visyon were privileged to have the benefit of Andrew's clinical knowledge and his support has been very much appreciated.

Finally, can I thank everyone who contributes to Visyon: the staff, the leadership team, the volunteers, the fund raisers, the service users and those who just share what we do with those who might need our help. Visyon would not be what it is without your contributions. We look forward to another year supporting the emotional health of children, young people and their families.

2. Legal and 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
Andrew Leahy - resigned 06.02.2023
Adrian Dean
Rob Morton - resigned 30.06.2022
Helen Butters
Jonathan Clay
Avarni Jagpal

Visyon Limited (Registered number: 05250758)

Report of the Trustees
for the Year Ended 31st March 2023

David Parkinson
Barry Brennan - appointed 18.10.2022
Sharon Conlon - appointed 18.10.2022

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

3. 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.

4. Objects of the Charity
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

5. 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.

6. Governance of the Charity
Governance, Organisation and Administration

Visyon is a charitable company limited by guarantee. 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 2023 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 Officer, who reports into the Board on a quarterly cycle.

Role of the Board of Trustees
The Board of Trustees is the governing body of the charity. The Board's duties are to:
- Take ultimate responsibility that the charity is run properly
- Ensure compliance - with the law & charitable objects
- Act with integrity
- Ensure that the charity is and stays solvent
- Use charity funds reasonably
- Avoid undue risk
- Ensure the charity is well run and efficient
- Consider getting external advice when needed, particularly if the Board/Trustees are in breach of duties


Visyon Limited (Registered number: 05250758)

Report of the Trustees
for the Year Ended 31st March 2023

Sub-Group Structure
Three sub-groups have been appointed with delegated responsibility for scrutiny in three areas:
- Financial Sustainability
- Internal Governance
- Service Effectiveness
Each group is chaired by a Trustee and is attended by a further Trustee, the CEO and relevant members of the management team.

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 2022-2023 and the Board is satisfied that it has an optimum broad range of skills. Trustees have experience that covers the following areas:
- Nursing
- Child & adolescent mental health and Psychiatry
- Healthcare management
- Healthcare & Social Care commissioning
- Contracting and procurement
- Business management
- Voluntary sector fundraising
- Health & Safety consultancy
- Finance
- Law
- Education


Structure of Board of Trustees
Board meetings are held quarterly.

Sub-groups meet on a bi-weekly and 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 2022/23 the Trustees attendance was as follows:
Dates of Meetings
16.05.2022 22.08.2022 21.11.2022 20.02.2023 Total attendance
Andrew
Brabban

No

Yes

Yes

Yes

3/4
Andrew Leahy No Yes Yes - 2/3
Adrian Dean Yes Yes Yes Yes 4/4
Avarni Jagpal No Yes Yes Yes 3/4
David
Parkinson

No

Yes

Yes

Yes

3/4
Jonathan Clay Yes Yes Yes Yes 4/4
Helen Butters Yes Yes Yes Yes 4/4
Robert Morton Yes - - - 1/1
Barry Brennan - - No Yes 1/2
Sharon Conlon Yes Yes No Yes 3/4

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 (Registered number: 05250758)

Report of the Trustees
for the Year Ended 31st March 2023

Risk Management
The organisation has Strategic and Operational Risk Registers, a Business Continuity Plan and a Risk Management Policy.

This ensures:
- Constant monitoring of the financial position and cash flow to ensure that the charity remains solvent. - Health and safety monitoring. This is carried out by the CEO and Health and Safety Officer, in conjunction with a nominated Trustee with health and safety expertise. - Risk assessment of new and ongoing activities, including new locations for project activities, with a view to the safeguarding of staff, volunteers and clients. - Management of the liabilities and reserves policies which are included in the charity's financial controls documentation.
- Other specific areas of risk as may be identified by the Board.

Risks that have been mitigated this year have included:
- Inability to respond to the increasing demand for our therapy services.
- The continued impact of public sector funding cuts.
- High volume of referrals and safeguarding cases.
- The austerity policies of national government.
- COVID related risks and restrictions to staff, clients and service delivery.
- Reputational risk of partnership working.

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 2023, Visyon had 36 members of staff, 13 of which were employed on a full-time basis, with the other 23 working in part-time roles. 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.

7. 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.

The Trustees have carefully considered the requirement for public benefit reporting in accordance with guidance issued by the Charities Commission.

8. Financial Review and Results for the Year
The total income for the year ending 31 March 2023 was £997,301 (2022 - £837,095), the total expenditure was £928,225 (2022 - £880,464) and the net result for the year was £69,076 (2022 - (£43,369)). The net asset position at the year end was £459,272 (2022 - £390,196), of which £173,837 (2022 - £178,981) is unrestricted and £285,435 (2022 - £211,215) is restricted.


Visyon Limited (Registered number: 05250758)

Report of the Trustees
for the Year Ended 31st March 2023

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.

Fundraising
Visyon is very grateful to all the organisations and individuals who have supported the charity during the year through donations, fundraising activities, gifts-in-kind and employee volunteering.
We would like to thank the following for their support during 2022/23:

Grants Company Support Community Support Individuals

The National Lottery

Gladman
Congleton Law Tennis
Club

Cllr Rob Moreton
The Leatherseller's
Foundation

Eze Talk
Holmes Chapel
Comprehensive School

Cllr Craig Brown
Edward Gostling
Foundation

Together
Pop at the Lock Music
Festival

Karen Riding
Children in Need JWC Sandbach 10k Our monthly donors

Evan Cornish Foundation

Leftfield
Holmes Chapel Boxing
Club

The late Peter Wells
Cheshire Community
Foundation

The Config Group

Abbeygate College

Adi Dean


Garfield Weston

George & Dragon Holmes
Chapel

Congleton Santa
Collection
2022 Skydive team - Amy
Page, Georgina Dunn,
Ashley Clay, Ethan Frost
Postcode Neighbourhood
Trust

Chancerygate

Macclesfield Netball Club

Euan Mitchell
Ann Rylands Small
Donations Programme

Triton
Dane Valley Swimming
Club

Karen Wright

Assura

West End Agri

Dream Beams
Family and friends of the
late Mr Grey

Ben Mulroney Wealth
Management

Knutsford Lions Club
Family and friends of the
late Jai Baranowski
Kanga Health Congleton Tangent Diane Walton
Recipharm Double Visyon Ellie Woodhouse
St Lawrence, Biddulph Jean Lythe
Maureen Westwood
Rob Atkinson


2022/2023 Total Gift In Kind Donations

01.04.22

Chloe Locker

Alton Towers

4 x tickets

£136
Wilmslow Community
Show 2022

01.04.22

Alison Frazer

Pilates with Al

23 Easter Eggs

£40
Sell to staff as can't give to
clients
10.05.22 Linda de Sa Visyon chocolate £10 Chocolate tombola

Visyon Limited (Registered number: 05250758)

Report of the Trustees
for the Year Ended 31st March 2023


Kath (store
manager)

Co-op Congleton
Ranges of
chocolate

£40

Prizes


Store Manager
Premier
Congleton
2 Boxes of
chocolate

£7

Prizes


Wendy Cotterill

Tesco Congleton
Ranges of
chocolate

£30

Prizes


Jonathan Bain

Visyon
1 x floor lamp, ? x
table lamps

£70

For the counselling office

Jenna - paint
company

Benjamin Moore

Paint

£2,000

Mural & other rooms at FH

Amanda Turner -
Chandler

Morrisons
Ranges of
chocolate

£30

Prizes
Laura Dempsey Waitrose 10 pumpkins £30 for pumkin painting
Etty Little Cow Shed Pumpkins £45 for pumpkin painting

15.10.22

Linda de Sa

Visyon

Paint

£30
Decorating Fellowship
House
20.10.22 Amy Page Visyon Chocolate £12 Chocolate Tombola

Kath (store
manager)

Co-op Congleton

Chocolate

£30

Chocolate Tombola
Grace Tesco Crewe Sweet treats £30 Tombola

08.11.22

Lee Woodford

Angal
collection boxes &
buckets

£63.81

for events and fundraising

18.12.22

Mark

Congleton santa
120 Fedro's & 60
Fudges

£45

for fundraising events
06.01.23 Chrisie Neuman Visyon Washing up bowl £1.50 for crewe
06.01.23 Gabz Duffy-Booth Visyon Chocolate £7 for tombola/prizes
06.01.23 Harriet Whiston Visyon Teabags £5.50 for congleton

13.01.23

Jackie Randles
East Cheshire
Chamber

Desk & Cabinet

£50.00

for staff

27.01.23

Kathleen Frost

3 boxes of XL
tissues

£6

for the staff

27.01.23

Chrisie Neuman

Visyon
8 x henry hoover
bags

£7

for cleaning
27.01.23 Sarah Hall Visyon Roller Blind £20 for the office

18.02.23

Lucy Osborne

Benjamin Moore
12 litres neutral
paint

£250
Art therapy Room/Old
music room
£2,996

2022/23 Volunteer Log (based £10.42 an hour)
Tasks Apr May Jun Jul Aug Sep Total
FR events 0 0 0 4 0 0 4
Painting/decorating 0 0 9 0 14 72 95
Service Support
Building Maintenance

Total

0

0

9

4

14

72
99
hours

Tasks Oct Nov Dec Jan Feb Mar Total
FR events 4 6 22 8 40
Painting/decorating 49.5 21 21 91.5
Service Support
Building Maintenance

Total

53.5

6

22

0

21

29
131.5
hours

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.


Visyon Limited (Registered number: 05250758)

Report of the Trustees
for the Year Ended 31st March 2023

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.

Statement of Funds at 31 March 2023:
Unrestricted funds £173,837
Restricted reserves £285,435

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.

STRATEGIC REPORT

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05250758 (England and Wales)

Registered Charity number
1107951

Registered office
Fellowship House
Park Road
Congleton
Cheshire
CW12 1DP

Trustees
A Brabban-Brown
Ms H Butters
J G A Clay
A J Dean
Ms A Jagpal
A C Leahy (resigned 6/2/2023)
R P Morton (resigned 30/6/2022)
D Parkinson
Miss S A Conlon (appointed 18/10/2022)
B K Brennan (appointed 18/10/2022)

Company Secretary
Ms T E Pass


Visyon Limited (Registered number: 05250758)

Report of the Trustees
for the Year Ended 31st March 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Hammond McNulty LLP
Statutory Auditor
Bank House
Market Square
Congleton
Cheshire
CW12 1ET

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Visyon Limited for the purposes of company law) are responsible for preparing the Report of the Trustees 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

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

In so far as the trustees are aware: - there is no relevant audit information of which the charitable company's auditors are unaware; and - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS
The auditors, Hammond McNulty LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 15th September 2023 and signed on the board's behalf by:





A Brabban-Brown - Trustee

Report of the Independent Auditors to the Members of
Visyon Limited

Opinion
We have audited the financial statements of Visyon Limited (the 'charitable company') for the year ended 31st March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31st March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 charitable company'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 trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors 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 charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes 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 charitable company'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.

Report of the Independent Auditors to the Members of
Visyon Limited


Our 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 a Report of the Independent Auditors 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, employment and pension legislation, health and safety regulation, anti bribery, corruption and fraud, money laundering.

We enquired of the trustees 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: manual journal entries , management bias through judgements and assumptions in significant accounting estimates, in particular in relation to apportionment of deferred income and significant one off or unusual transactions and the potential for 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 trustees 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.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Report of the Independent Auditors to the Members of
Visyon Limited


Use of our 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 auditors' 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.




Mrs Marie Shenton FCCA (Senior Statutory Auditor)
for and on behalf of Hammond McNulty LLP
Statutory Auditor
Bank House
Market Square
Congleton
Cheshire
CW12 1ET

15th September 2023

Visyon Limited

Statement of Financial Activities
for the Year Ended 31st March 2023

31/3/23 31/3/22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 113,802 14,521 128,323 91,354

Charitable activities 6
Counselling - 86,918 86,918 68,095
OTHER 88,783 6,833 95,616 129,936
NHS Eastern Cheshire CCGS 0-16 - 350,367 350,367 259,012
BBC- Children in Need - 9,760 9,760 12,064
Big Lottery Fund - Reaching Communities - 119,035 119,035 -
Cheshire Community Foundation - 31,689 31,689 35,944
VCSE - - - 30,800
Emotionally healthy Children - 88,693 88,693 89,377
Family Support Service - - - 24,060
Mind - - - 12,488
NHS Cheshire Clinical Commissioning Group
(CCG) - Surge

-

41,415

41,415

79,707

Other trading activities 4 3 1,670 1,673 1,775
Investment income 5 2,364 - 2,364 373
Other income 3,530 37,918 41,448 2,110
Total 208,482 788,819 997,301 837,095

EXPENDITURE ON
Raising funds 7 1,788 56,854 58,642 51,872

Charitable activities 8
Charitable 264,953 604,630 869,583 828,592
Total 266,741 661,484 928,225 880,464

NET INCOME/(EXPENDITURE) (58,259 ) 127,335 69,076 (43,369 )
Transfers between funds 18 53,115 (53,115 ) - -
Net movement in funds (5,144 ) 74,220 69,076 (43,369 )

RECONCILIATION OF FUNDS
Total funds brought forward 178,981 211,215 390,196 433,565

TOTAL FUNDS CARRIED FORWARD 173,837 285,435 459,272 390,196

Visyon Limited (Registered number: 05250758)

Balance Sheet
31st March 2023

31/3/23 31/3/22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 14 7,235 12,965 20,200 17,581

CURRENT ASSETS
Debtors 15 5,211 31,241 36,452 32,028
Cash at bank and in hand 203,420 295,602 499,022 540,886
208,631 326,843 535,474 572,914

CREDITORS
Amounts falling due within one year 16 (42,029 ) (54,373 ) (96,402 ) (200,299 )

NET CURRENT ASSETS 166,602 272,470 439,072 372,615

TOTAL ASSETS LESS CURRENT
LIABILITIES

173,837

285,435

459,272

390,196

NET ASSETS 173,837 285,435 459,272 390,196
FUNDS 18
Unrestricted funds 173,837 178,981
Restricted funds 285,435 211,215
TOTAL FUNDS 459,272 390,196


The financial statements were approved by the Board of Trustees and authorised for issue on 15th September 2023 and were signed on its behalf by:





A Brabban-Brown - Trustee

Visyon Limited

Cash Flow Statement
for the Year Ended 31st March 2023

31/3/23 31/3/22
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 (36,113 ) 34,809
Net cash (used in)/provided by operating activities (36,113 ) 34,809

Cash flows from investing activities
Purchase of tangible fixed assets (8,115 ) (6,934 )
Interest received 2,364 373
Net cash used in investing activities (5,751 ) (6,561 )

Change in cash and cash equivalents in
the reporting period

(41,864

)

28,248
Cash and cash equivalents at the
beginning of the reporting period

540,886

512,638
Cash and cash equivalents at the end of
the reporting period

499,022

540,886

Visyon Limited

Notes to the Cash Flow Statement
for the Year Ended 31st March 2023

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM
OPERATING ACTIVITIES
31/3/23 31/3/22
£    £   
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)

69,076

(43,369

)
Adjustments for:
Depreciation charges 5,496 7,098
Interest received (2,364 ) (373 )
(Increase)/decrease in debtors (4,424 ) 147,701
Decrease in creditors (103,897 ) (76,248 )
Net cash (used in)/provided by operations (36,113 ) 34,809


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/22 Cash flow At 31/3/23
£    £    £   
Net cash
Cash at bank and in hand 540,886 (41,864 ) 499,022
540,886 (41,864 ) 499,022
Total 540,886 (41,864 ) 499,022

Visyon Limited

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the assumption that the company is able to carry on as a going concern, which the Trustees consider appropriate.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Trustees regularly monitor the projected income against expected expenditure and are reasonably confident that funds will be in place to ensure the running of the organisation beyond September 2023.

Visyon Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The principal accounting policies adopted in the preparation of the financial statements are set out below.

The presentational currency of the financial statements is the Pound Sterling (£ ). Monetary amounts in these financial statements are rounded to the nearest £.

Going Concern
The Trustees consider that the level of unrestricted funds is sufficient to meet the working capital requirements of the company. The trustees have implemented a forward strategy to improve the future performance of the company to ensure the company is able to continue in existence for the foreseeable future.

The trustees are not aware of any other uncertainties regarding the company's ability to continue as a going concern and after reviewing the company's post year end income documentation and forecasts, the trustees are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it's financial statements.

Incoming resources
Voluntary income, including donations, gifts and grants that provide core funding or are of general nature are recognised where there is entitlement, receipt is probable and the amount can be measured with sufficient reliability. Such income is only deferred when:

- The donor specifies that the grant or donation must only be used in future accounting period; or
- The donor has imposed conditions which must be met before the charity has unconditional entitlement.

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.


Visyon Limited

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

1. ACCOUNTING POLICIES - continued

Resources expended
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 reliable. it is categorised under the following headings:

- Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds
- Expenditure on charitable activities consists of resources expended on all of its charitable work in order for it to meet its charitable objectives, which includes all costs relating to providing services to children, young people, and their families.

- Other expenditure represents those items not falling into the categories above.

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.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Office equipment - 25% on reducing balance
Fixture & fittings - 25% on reducing balance
Computer equipment - 33% on cost
Leasehold Improvements -10% on cost

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each statement of financial position date.

Taxation
The trustees consider that the charity satisfies the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity and therefore included in the relevant costs in the Statement of Financial Activities.

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 company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes, the costs of raising and administering such funds are charged against the specific funds. The aim and use of each restricted fund is set out in the notes to the financial statements.

Visyon Limited

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

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

Pension costs
The Charity contributes to money purchase pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. Contributions payable for the period are charged in the income and expenditure account.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

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.

Creditors and provision
Creditors and provisions are recognised where the company has a present obligation resulting from a part event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basis 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. JUDGEMENT AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported, these estimates and judgements are continually reviewed and are based on experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances.

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Estimated useful lives and residual values of fixed assets
Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the trustees. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual assets lives and residual values, as evidenced by disposals during the current and prior accounting periods.


Visyon Limited

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

3. DONATIONS AND LEGACIES
31/3/23 31/3/22
£    £   
Individual Donations 5,735 4,258
Legacies 16,500 -
Grants 42,591 17,968
Membership fees 1,930 2,207
Other Donations 61,567 66,921
128,323 91,354

Grants received, included in the above, are as follows:


31/3/23 31/3/22
Wren Grant - 4,500
Garfield Weston Foundation 30,000 -
Cheshire East Council 12,591 -
Coronavirus Job Retention Scheme - 256
Kickstart - 13,211
Other grants - 1
42,591 17,968

4. OTHER TRADING ACTIVITIES
31/3/23 31/3/22
£    £   
Trading Income 1,673 1,775

5. INVESTMENT INCOME
31/3/23 31/3/22
£    £   
Investment Income 2,364 373

6. INCOME FROM CHARITABLE ACTIVITIES
31/3/23 31/3/22
Activity £    £   
Charitable activities Counselling 86,918 68,095
Charitable activities OTHER 95,616 129,936
Charitable activities NHS Eastern Cheshire CCGS 0-16 350,367 259,012
Charitable activities BBC- Children in Need 9,760 12,064
Charitable activities Big Lottery Fund - Reaching Communities 119,035 -
Charitable activities Cheshire Community Foundation 31,689 35,944
Charitable activities VCSE - 30,800
Charitable activities Emotionally healthy Children 88,693 89,377
Charitable activities Family Support Service - 24,060
Charitable activities Mind - 12,488

Charitable activities

NHS Cheshire Clinical Commissioning
Group (CCG) - Surge

41,415

79,707
823,493 741,483

Visyon Limited

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

7. RAISING FUNDS

Raising donations and legacies
31/3/23 31/3/22
£    £   
Staff costs 58,642 51,872

8. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 9) Totals
£    £    £   
Charitable 859,659 9,924 869,583

9. SUPPORT COSTS
Governance
costs
£   
Charitable 9,924

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/3/23 31/3/22
£    £   
Depreciation - owned assets 5,496 7,098
Auditors remuneration 4,200 4,200
Operating lease rentals 11,491 9,112

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.



Visyon Limited

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

12. STAFF COSTS

31/03/23 31/03/22
Wages and Salaries 797,427 729,250
Other Pension Costs 20,879 18,817
818,306 748,067

None of the trustees were remunerated or received any other benefits during the year.

None of the trustees incurred or were reimbursed any expenses during the year.

The total amount of employee benefits by the Company's key management personnel was £51,475 (2022: £51,339). No benefits in kind are received by any members of the management team.

The average monthly number of employees during the year was as follows:

31/3/23 31/3/22
Fundraising 2 2
Charitable Activities 39 33
Management of the Charity 3 3
44 38

No employees received emoluments in excess of £60,000.

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 91,354 - 91,354

Charitable activities
Counselling - 68,095 68,095
OTHER 1,136 128,800 129,936
NHS Eastern Cheshire CCGS 0-16 - 259,012 259,012
BBC- Children in Need - 12,064 12,064
Cheshire Community Foundation - 35,944 35,944
VCSE - 30,800 30,800
Emotionally healthy Children - 89,377 89,377
Family Support Service - 24,060 24,060
Mind - 12,488 12,488
NHS Cheshire Clinical Commissioning Group
(CCG) - Surge

-

79,707

79,707

Other trading activities 1,775 - 1,775
Investment income 373 - 373
Other income 2,109 1 2,110
Total 96,747 740,348 837,095

EXPENDITURE ON
Raising funds 51,872 - 51,872


Visyon Limited

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   
Charitable activities
Charitable 90,186 738,406 828,592
Total 142,058 738,406 880,464

NET INCOME/(EXPENDITURE) (45,311 ) 1,942 (43,369 )


RECONCILIATION OF FUNDS
Total funds brought forward 224,292 209,273 433,565

TOTAL FUNDS CARRIED FORWARD 178,981 211,215 390,196

14. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 59,628 1,861 1,123 27,896 90,508
Additions - 2,844 294 4,977 8,115
Disposals - - - (8,391 ) (8,391 )
At 31st March 2023 59,628 4,705 1,417 24,482 90,232
DEPRECIATION
At 1st April 2022 54,109 1,043 1,071 16,704 72,927
Charge for year 552 629 25 4,290 5,496
Eliminated on disposal - - - (8,391 ) (8,391 )
At 31st March 2023 54,661 1,672 1,096 12,603 70,032
NET BOOK VALUE
At 31st March 2023 4,967 3,033 321 11,879 20,200
At 31st March 2022 5,519 818 52 11,192 17,581


Visyon Limited

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 32,030 21,165
Other debtors 286 -
Prepayments and accrued income 4,136 10,863
36,452 32,028

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 9,802 13,962
Other creditors 12,623 12,992
Accruals and deferred income 68,692 168,101
Accrued expenses 5,285 5,244
96,402 200,299

17. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/23 31/3/22
£    £   
Within one year 6,155 10,643
Between one and five years - 6,155
6,155 16,798

18. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1/4/22 in funds funds 31/3/23
£    £    £    £   
Unrestricted funds
General fund 178,981 (58,259 ) 53,115 173,837

Restricted funds
Restricted 211,215 127,335 (53,115 ) 285,435

TOTAL FUNDS 390,196 69,076 - 459,272

Visyon Limited

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 208,482 (266,741 ) (58,259 )

Restricted funds
Restricted 788,819 (661,484 ) 127,335

TOTAL FUNDS 997,301 (928,225 ) 69,076


Comparatives for movement in funds

Net
movement At
At 1/4/21 in funds 31/3/22
£    £    £   
Unrestricted funds
General fund 224,292 (45,311 ) 178,981

Restricted funds
Restricted 209,273 1,942 211,215

TOTAL FUNDS 433,565 (43,369 ) 390,196

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 96,747 (142,058 ) (45,311 )

Restricted funds
Restricted 740,348 (738,406 ) 1,942

TOTAL FUNDS 837,095 (880,464 ) (43,369 )

Visyon Limited

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1/4/21 in funds funds 31/3/23
£    £    £    £   
Unrestricted funds
General fund 224,292 (103,570 ) 53,115 173,837

Restricted funds
Restricted 209,273 129,277 (53,115 ) 285,435

TOTAL FUNDS 433,565 25,707 - 459,272

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 305,229 (408,799 ) (103,570 )

Restricted funds
Restricted 1,529,167 (1,399,890 ) 129,277

TOTAL FUNDS 1,834,396 (1,808,689 ) 25,707

The restricted fund balance as at 31st March 2023 is as follows:

Fixed Assets £12,965
National Lottery £22,470
Three Months Operating Costs £250,000

The transfer between the restricted and general fund is due to the completion of restricted fund projects in the year whilst also ensuring the restricted funds balance at the year end includes £250,000 to cover three months operating costs.


Visyon Limited

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

19. EMPLOYEE BENEFIT OBLIGATIONS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £20,879 (2022 - £18,817). Contributions totalling £0 (2022 - £15) were payable to the fund at the balance sheet date and are included in creditors.

The pension cost charge is allocated to activities in-line with wages and salary costs which are either directly charged or based on staff time incurred for a particular fund. The fund to which the pension costs are allocated determines whether the cost is either restricted or unrestricted. The restricted or unrestricted element of the pension liability is calculated on a per head basis

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2023.

21. GOVERNMENT GRANTS

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities incorporating income and expenditure account over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities incorporating income and expenditure account where there is entitlement, receipt is probable, and the amount can be measured with sufficient reliability.

During the year, the Charity received the following government grants:

Cheshire Clinical Commissioning Group (CCG)
A grant was awarded for the year to 31 March 2023 to promote and improve emotional health and wellbeing amongst young people in the NHS Eastern Cheshire footprint. During the year £150,227 (2022 - £146,707) has been recognised as income in the Statement of Financial Activities.

NHS Cheshire Clinical Commissioning Group (CCG) / Cheshire and Wirral Partnership NHS Trust (CWP)- Surge
A grant was awarded to the charity in October 2020, which was later extended to 31 July 2021. This has subsequently been extended again until 31st March 2023 by CWP. This was awarded to Visyon, to help fund the increased number of one to one counselling and therapy services required as a result of COVID-19. During the year £33,800 (2022 - £33,930) has been recognised in the Statement of Financial Activities.

Cheshire and Wirral Partnership NHS Trust - Emotionally Healthy Children
A 4 year grant was awarded to the charity in 2019 to offer secure, sustainable support to all children and young people who may need advice or help in order to achieve emotional wellbeing. The scope of the Service will include children and young people who are resident in Cheshire East Borough or who attend a school in Cheshire East. During the year, £100,767 (2022 - £100,767) has been recognised as income in the Statement of Financial Activities.

Cheshire Clinical Commissioning Group (CCG) - Gap project
A grant was awarded for the year to 31 March 2022 to work in an informal partnership arrangement with other third sector providers delivering a range of services to children, young people and parents constructed around known gaps within services. This was subsequently re-commissioned to the 31 March 2023. During the year £88,693 (2022 - £74,385) has been recognised as income in the Statement of Financial Activities.

Cheshire and Wirral Partnership NHS Trust -Waiting List Initiative
A grant was awarded to the charity in October 2021 to provide additional counselling capacity until March 23. This was awarded to Visyon due to the high number of clients on Visyon's waiting lists across the service. With the objective of providing additional capacity to reduce the number and length of time clients were waiting for a Visyon service. During the year £130,423 (2022 - 27,531) has been recognised in the Statement of Financial Activities.



Visyon Limited

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

21. GOVERNMENT GRANTS - continued

There are no unfulfilled conditions or other contingencies attached to the grants noted above.

No other forms of government assistance have been received during the year.

22. LEGAL STATUS OF THE TRUST

Visyon Limited is a charitable company, registered in England and Wales, limited by guarantee and has no share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £10 to its assets, in the event of it being wound up within one year while he or she is a member or ceasing to be a member. The charitable company's registered number and registered office address can be found in the Report of the Trustees.

23. VOLUNTEERS

The value of services provided by volunteers is not incorporated into these financial statements. Further details of the contributions made by volunteers can be found in the trustees' annual report.

24. MOVEMENT IN DEFERRED INCOME

2023 2022
£ £
Brought forward 168,101 228,452
Resources deferred during the year 68,692 168,101
Amounts released from previous years (168,101) (228,452)
Deferred income as at 31 March 2023 68,692 168,101
Creditors includes £68,692 (2022 - £168,101) of income which has been deferred into the following year due to the timing of the company's entitlement to the income. This includes the following balances in respect of restricted funds:

2023 2022
£ £
Assura Wellbeing 25,000
BBC - Children In Need 9,259
Cheshire Community Foundation 15,359 11,250
Holmes Chapel Family Wellbeing Service 5,833
NHS Eastern Cheshire CCG 88,693
Cheshire East Covid Recovery 12,591
The Newby Trust 833
The Leathersellers 22,500 11,250
Evan Cornish 10,000
JDI Design Work 450
Waiting List Initiative 19,680
CCG Surge 4,095

68,692 168,101