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REGISTERED COMPANY NUMBER: 14114523 (England and Wales)
REGISTERED CHARITY NUMBER: 1201593














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

Visible Recovery Limited

Visible Recovery Limited






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Report of the Trustees 1

Statement of Trustees' Responsibilities 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 9

Visible Recovery Limited (Registered number: 14114523)

Report of the Trustees
for the Year Ended 31 May 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions of 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).

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
14114523 (England and Wales)

Registered Charity number
1201593

Registered office
9 St. Georges Yard
Farnham
Surrey
GU9 7LW

Trustees
T G Kohler
F McIntyre
C Duggan

Independent Examiner
I R Futcher FCA
Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Approved by order of the board of trustees on 26 February 2025 and signed on its behalf by:





C Duggan - Trustee

Visible Recovery Limited

Statement of Trustees' Responsibilities
for the Year Ended 31 May 2024

The trustees (who are also the directors of Visible Recovery 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;
- 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.

Independent Examiner's Report to the Trustees of
Visible Recovery Limited

Independent examiner's report to the trustees of Visible Recovery Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2024.

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

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

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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








I R Futcher FCA
The Institute of Chartered Accountants in England and Wales

Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

26 February 2025

Visible Recovery Limited

Statement of Financial Activities
for the Year Ended 31 May 2024

Period
18.5.22
Year Ended to
31.5.24 31.5.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 23,818 120,856

EXPENDITURE ON
Charitable activities 2
Activities in support of charitable objects 79,176 52,037

NET INCOME/(EXPENDITURE) (55,358 ) 68,819


RECONCILIATION OF FUNDS
Total funds brought forward 68,819 -

TOTAL FUNDS CARRIED FORWARD 13,461 68,819

Visible Recovery Limited (Registered number: 14114523)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 6 11,345 -
Cash at bank 6,277 72,883
17,622 72,883

CREDITORS
Amounts falling due within one year 7 (4,161 ) (4,064 )

NET CURRENT ASSETS 13,461 68,819

TOTAL ASSETS LESS CURRENT LIABILITIES 13,461 68,819

NET ASSETS 13,461 68,819
FUNDS 8
Unrestricted funds 13,461 68,819
TOTAL FUNDS 13,461 68,819

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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


The financial statements were approved by the Board of Trustees and authorised for issue on 26 February 2025 and were signed on its behalf by:





C Duggan - Trustee

Visible Recovery Limited

Notes to the Financial Statements
for the Year Ended 31 May 2024

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.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs costs Totals
£    £    £   
Activities in support of charitable objects 30,170 49,006 79,176

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the period ended 31 May 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2024 nor for the period ended 31 May 2023.



Visible Recovery Limited

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. STAFF COSTS

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

Period
18.5.22
Year Ended to
31.5.24 31.5.23
Administration 1 1

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

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 120,856

EXPENDITURE ON
Charitable activities
Activities in support of charitable objects 52,037

NET INCOME 68,819

TOTAL FUNDS CARRIED FORWARD 68,819

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 5,868 -
Prepayments 5,477 -
11,345 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 60 175
Social security and other taxes - 998
Other creditors 2,601 959
Accrued expenses 1,500 1,932
4,161 4,064


Visible Recovery Limited

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. MOVEMENT IN FUNDS
Net
movement At
At 1.6.23 in funds 31.5.24
£    £    £   
Unrestricted funds
General fund 68,819 (55,358 ) 13,461

TOTAL FUNDS 68,819 (55,358 ) 13,461

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 23,818 (79,176 ) (55,358 )

TOTAL FUNDS 23,818 (79,176 ) (55,358 )


Comparatives for movement in funds

Net
movement At
in funds 31.5.23
£    £   
Unrestricted funds
General fund 68,819 68,819

TOTAL FUNDS 68,819 68,819

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 120,856 (52,037 ) 68,819

TOTAL FUNDS 120,856 (52,037 ) 68,819


Visible Recovery Limited

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. RELATED PARTY DISCLOSURES

During the period under review donation of £10,000 was received from Cian Duggan and his wife. Cian Duggan is one of the trustees.