REGISTERED COMPANY NUMBER: 06778249 (England and Wales) REGISTERED CHARITh NUMBER: 1128586 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR FUSION PLUS
FUSION PLUS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Roport of th• Trusts Indgpond•nt Exarnlnerfs R•port Statoment of Flnan¢lal Actlvltlès Balance Sheet NotOS to the Flnanclal Ststements 8 10 15
FUSION PLUS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The tmstees who are also directors of the* charity for the purposes of the Companies Act 2006, present their rew)rt with the financial statements of the charity for the year ended 31 March 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Statemant of Recommended Practicè applicable to charities preparing their accounts in accordance ¥th the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTMTIES Mission Statoment Music Fusion aims to access and engage children l young people through music. Our activit8 en¢omp8s$ our key objectwes.. K•y Objectlveg To advance in lrfe and help chSldren and yotjng people by organi$ing programmes of musl¢ and related 8clivilies 50 as to develop their skills. capacities. and capabilities to enable them lo participate in society as independent. mature and responsible indmduals. To advance the arts, in particular the art of music for public benefit. To advance the education of the public, in particular children and young people and those w assist young people In music and related arts. Public B•n•fit The trustees confimi that they have referred lo the guidance contained in the charity commissKJn's general guidance on public benefft when reviewng the charitys aims and objective5 and planning future activities. The Iru81ees refer lo public benefit throughout this report. Page 1
FUSION PLUS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Publ1¢ Value Since setting up as an independent charity in 2009, Music Fusion have continued to develop appropriate sysl8ms of govemance and delivery. We have successfully raised the requir8(I funding to delNer a complete and appropriate programme of activity. We have continued lo develop our highly successful progression routss to gncourage engagem8nL progression and excellonce. Provlslon Skills on offer Included Mclng, free$Ing, singing, music tech and Instrumental skllls Iba5s. guitar, drums. keyboards, vocalsl. These se8sion8 are ideal places for agencies lo refer young people who are regarded as al risk. We worked with our local authoritie5, youth justice tsams, children and adutt services, $pe¢ial ¢dutiOn units and wider young people's charitses. Progr8s$lon opportunltla¥ Our programme conttnued to offer progression Opportuni88 for our young paople. Thts Induded free rehearsal I recording at our own East Street Studio. We offered Ilve perfornance opportunitie$. We promoted our y)un9 artists via our extensive social media presence. Our workshops provided excellent diversionary aclNity for young people. It tsught them transferable skills such as teamwork, communicalK)n, negotiation, professionali$m, critical thinking and empathy as well as t)oostsng their confidence, sew-esleem ond resilionce. Muslc Lab - supportlng young artlst development. Music Lab provided Tegu18r sustsinèd music making opportunilles that enabled young pwple to progress thelr skills through taster sessions, 1-2-1 mentoring. rghearsing, recording and pgrfomiing as well as artist developmont. The programmo speoalised in contemporary genres I new music. Maverick8- offering young people f8clng tough times 8 safe place lo c(pcr8ale, explore and make muyic. Maverlck818 an ongoing prolect that bridges feuding cornmunilies through music. Mavèricks shows the path to a bigger picture. a better perspective. Going to prison for a postcode or a rift on soal media is the blggesl waste of a life. The project brings everyone together to celebrate their individual talents and show how people from drfferent areas can put aside their dtfferences. make peace and collaborate to make great things happen. Muslc Loadèr Tralning Programme - opportunities for continuing professional devolopment. Music Fusion have continu8d our programmo where we took young people who had gxcelled at Music Fusion and trained them up to become paid Music Leaders. The prograrnme was successful and now we havo six ung people who now work for us. Music Fusion see the value of gmplowng our young parbcipants as Music Leaders.. o They have livgd gxp8ri6nco of thg same challenges our young peop face. o Th¢y have attended Music Fusion as a young person and understand how our programme wt)rks flrsl hand. Page 2
FUSION PLUS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Music Fusion raised £140.351 in funding during 2024-25. This came from 8 range of sources I partners including Harnpshire County Council, Th8 Children In Need and Youth MLtsic. A proportion of our income came from organisalions who raised their own funds lo buy in our s8rvi¢es. Music Fuglon raised a proportion of our income through donations and corporate social responsibility. Reserve Policy Our strategic plan ouUin88 that we should build our reserves lo £70,000 {6 months, worth of Iradingl. Our strategic plan also outlines a PLAN 8. which would be insligalad if our core Youth Music funding were reduced or dropped entirely. Plans for the future Our aims and obCtIVeS conllnua to inspire the devebpment of our axisting programme as well as consullalion with our partners l young paople which is helping to develop new programmes for 2025-30. Through our Music Leader Training programme we are investing in the next general*)n of Music loaders, ensuring we remain inclusive. relevant and authentic in our off8r. Music Fusion are very much 8war8 that our currant economic environment is 8 strong threat to our sector. Our strategic plan has been remsited lo maximise our securty. income diversty. resilience and sustsinabilty durin9 this period. We have built on a set of key miligalions to address potential threats including loss of income, venue, partners and young people. Through this ongoing strategy we have continued lo reduce our overheads and increase engagemènt l outputs. STRUCTURE, GOVERNANCE AND MANAGEMENT Inductlon and tralnlng of trustses Trustees are gwen an induction including guidellnes for the responsibilities of trustee d5CtOrs, last years independently examined accounts. th9 minutes from al least three previous mogtings, our strategie plan and the Memorandum and Articles of Assoctalion. Organisation The board of trustse directors administers the Charitable Company. The board meets ai least three lim8$ year. 11 decide$ ovgr all poliw for the organisation based on Its objective$ and delegates the day-to-day management lo the chief executive officer. who is not a member of the board and18 a pakl employee of the charitablo company. Umbrnlla I relatod partlos Youth Music has provided essential funding to the Charitsble Company from 2009. Programmes in PortsmoLbth. Havanl. Gosport and Fareham wgre hence referred lo as the Youth Music Action Zone,. In April 2012 Youth Music restructurgd the way they dislrSbutsd their funds. Youth Music Actv)n Zon88 were disbanded. Youth Music are no longer an umbrella I related paty. REFERENCE AND ADMINISTRATIVE DETAILS Rggisler•d Company number 06778249 IEng18nd and Wale51 R•glst•r•d Ch•rlty nUMr 1128586 R¢gi$tered office The Spring Arts & Heritsge Centre 56 East Street Havant Hampshire P09 1BS Pag6 3
FUSION PLUS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Truste9¥ I Piper D 88rton Miss E West-Thomas M 8uchan A Tait R COltt K Loader Chw Ex•cutlv• J Prowae Company S•Gr•tary J Prowse Independ•nt Examlner Stuart Mackie Morris Crocker Chartered Accountants Lake House 2 Port Way Port Solent Portsmouth Hampshire P06 4TY Banker¥ NalW8St 130- 132 Commercl81 Road Portsmouth Hampshire P01 1EJ The ch8rlty operat88 under the name Mu81c Fuslon. Approved by order of the board of trustees on ....... . .. and signed on its behalf by. Buchan - Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FUSION PLUS Independ•nt examlnetrs report to the trustees of Fuslon Plus I'the Compan) I report lo the charity Iruslees on my examination of the accounts of the Company for the year ended 31 March 2025. R•sponslbilitl•s and basls of report As the charivs trustees of the Company land also ils directors for the purposes of company lawl you are responsible for the preparatn of thg accounts in accordance wf(h th8 requirements of tha Companies Act 20061'lhe 2006 Art). Having satisfied mysew that the accounts of th¢ 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 charitys accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 ACVI. In carrying out my examination I have followed the Oireclions gwen by the Charty Commission under Section 145{51 Ibl of the 2011 Act. Independent examlnerfs ¥tstem¢nt I have completed my examination. I conflm that no matter5 have como lo my attention in connection wth the examination giving me cause lo believe.. accounting records were not kept in respect of th8 Company as required by Section 386 of tho 2006 Act., or the accounts do not accord with those records.. or the accounts do not comply with the a¢untIng requirements of Section 396 of the 2006 Act other than any requirement that Ihg accounts give a Irue and fair vigw vthich is not a matt8r considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Ststement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance wlth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102)). I have no C£Jncerns and have come across no other matters in connection with the examination to which attention shoukl be drawn in this report in ordèr to enable a propor understanding of the accounts to bo reached. Stuart Ma¢kie Morris Crocker Chartared Accountsnts Lake Hous6 2 Port Way Port Solent Portsmouth Hampshire P06 4TY 911212025 Page 5
FUSION PLUS STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2025 2025 Tot81 funds 2024 Total funds Unrestrictgd funds Restriotod funds Note8 INCOME AND ENDOWMENTS FROM Donations and legacies 28,961 28,961 CharFtable actlvltles Music delivery sessions aThl music studio 60,304 51,085 111,389 160,248 Total 89.265 51.085 140.350 166,692 EXPENDITURE ON Charltable actlviti•$ Music delivery sessions and music studio 99.936 77.358 177,294 144,302 NET INCOMEIIEXPENDITUREI Transfors bgtweon funds 110.671) 126,273) 126,273} 26.273 136.944) 22.390 15 N•t mov•m•nt In fund8 138,944) 136,944 22,390 RECONCILIATION OF FUNDS Total funds brought foNtsrd 136.705 136,705 114,315 TOTAL FUNDS CARRIED FORWARD 99.761 99.761 136.705 The notes fomi part of these financial statsments Page 6
FUSION PLUS BALANCE SHEET 31 MARCH 2025 2025 2024 Notes FIXED ASSETS TarYJible a888ts 11 750 1,499 CURRENT ASSETS Debtors Cash al bank and in hand 12 7,721 98,658 12,207 129,038 106.379 141,245 CREDITORS Amounts f811ing within one year 13 {7.368) 16.0391 NET CURRENT ASSETS 99.011 135.206 TOTAL ASSETS LESS CURRENT UABILITIES 99.761 136,705 NET ASSErs 99.761 136,705 FUNDS Unrestricted funds 15 99,761 136.705 TOTAL FUNDS 99,761 136.705 The ¢harilabl8 company is entlded to ex$mption from audit under S8clion 477 of the Compani08 Act 2006 for the year en¢Jed 31 March 2025. The members have not required the company lo obtain an audit of its financial statements for the year ended 31 March 2025 in accordance wth Section 476 of the Companies Act 2006. Tha trusloes ockrwledge their responsibilities for la) ensuring that the charitsble company kaaps accounting records that compty with S¢¢tion$ 386 and 387 of the Companies Act 2006 and (bl preparin9 financial statements which give a true and fair view of the slate of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for eoth financial ye8r in accordan with the requirements of Sections 394 and 395 and which otherwise comply wth the requirem8nts of the Companies Act 2006 relating lo financial statsments, $0 far as applicable to the charitsble company. These financial slatements have been prepared in acwrdance with the provisions applicable to charitable companies subje¢l lo the small Companies regime. The financi I stsle enl re approved by th8 Board of Trustees and aulhorised for issua on nd were sKJned on its behaff by. M Buchan- Trustee Th8 notes fomi part of these financial ststements Pago 7
FUSION PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Bas of pr•parfng the flnan¢lal ¥tat8rn8nts The financial st8lements of the charitable company. which is a public bengfft entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charf(ies.' Statement of Recommended Prartice applicable to charities pr8Poring their awounts in accordance wlh the Financial Reporting Stsndard applScabl6 In the UK and Republic of Ireland IFRS 1021 leffe¢live 1 January 20191,, Financial Reporting Standard 102 The Flnanaal Reporting Standard applicable in the UK and Republic of Ireland, and the Companies AGt 2006. The financial ststements have been prepared under the historical cost corbvention. The trustees consider that there are no material uncertainti88 regarding the charity¥ ability to ntinue as a golng nceM. Income Al income is recognised in the Statement of Financial ActNities once the charity has enlillement to the funds. it is probable that the income will be received and the amount can be measured reliably. Expèndlture Liabilities are recognised 88 8xpenditure as 800n as there is a leg81 or constructive obligation comrnitbng the ch8rlty to that expenditure. it is probablo that a transfer of economie benefits will be required in settlement and the amount of the obl@ation can be measured reliabFy. Expentjiture is accounted for on an accruals basis and has been classrfied under headings that aggregate all $t related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. T•nglbl• fix6d assots Depreciation is provided al th8 following annual ratss in order to write off each asset over ts estimated useful life. Fixtures and fittings Computer equipment 10% on cost 33% on cost IndlvSdual flxed assets costing £100 or more are capilalisad at ¢XJ$l. Taxatlon The charity is exempl from corporation tax on ils charitable aGlivilies. Fund accountlng Unreslricled funds can b8 used in occK)rdance with the charitable objèctives at th8 discretion of the trustees. Restricted funds can onty be used for particular restricted purposes wlhln the oblects of the charity. Restrictions arfse when sp8crfied by the donor or when fvnds are raised for partiGular restricted purposes. Furthef explanation of the nature and purposè of aach fund is induded in the notes to thg financial statsments. Hlr• purchase andloaslng commlbnonts Rentals paid under operating leases are charged to the Slalement of Financial Actwities on 8 straight line basis over the period of the lease. Pansion costs and other post-retiremant benofits The charitsble company oporates a d8fin8d contribution pension schamè. ContributKJns payable lo the charitablo companls pension scheme are Ghargod to thè Stat6ment of Financtal Activttse8 In the period to which thoy relate. Page 8 continued...
FUSION PLUS NOTES TO THE FINANCIAL STATEMENTS - contlnuod FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - contlnued Flnanclal instrumonts The charity only enters into bastc financial instrurnenls tranSaCtnS that result in tho reco9nilion of finanGial assets and liabilities like trade ar other accounts rocewable and payable and investments in Slocks and share8.The me88urement basis used for Ih8se instruments is detailed below. Debtors and cash at bank Trade and other debtors are recognised at the settlement amount dug after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Cash al bank and in hand included c8sh hekl on deposit or in a currènt acGounl. Credltors and provlslons Creditors and provisions are recognised whore the charity has a present obligatn resulting from past event that will probably result in the transfer of funds lo a third paty and the amount due to settlo the obligation can be measured or eslimaled reliabty- Creditors and provisions are normally re¢ognised at their se¢Uement amount after alk)In9 for any trade discounts due. DONATIONS AND LEGACIES 2025 2024 Don8tlon8 28.961 INCOME FROM CHARrrA8LE ACTivrriES 2025 2024 Activity Music delivery $8ssions and music studio Music delivery sessions and music studio Music delivery sessions and music sludK) Grants 80.153 99,917 Other income 393 Invoicod income 31,236 59,938 111.389 160.248 Gr8nts received. Induded In the ab)ve. are as follows.. 2025 2024 Council of England Youth Music BBC Children in need Blagrave Trust Mavericks ASDA C(w NeighudY NHS Mind 365 51,085 14.750 25,995 16,500 57,422 1.583 10.000 2.370 80,153 99,917 Page 9 continued...
FUSION PLUS NOTES TO THE FINANCIAL STATEMENTS - ntInu•d FOR THE YEAR ENDED 31 MARCH 2025 CHARITABLE ACTivrriES COST8 Direct Costs (see rM)le 5) Support )$ts (sae note 6) Totsls Music delivory $8$8ions and music studio 138.667 38.627 177,294 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Staff costs Music leader fees Equipment purchased Venue hlre 55.974 76.804 554 5.335 36,360 61,135 277 138,667 97,772 SUPPORT COSTS Goveman¢¢ Managgrnenl Totsls Music delivery sessions and musi studio 37,633 994 38,627 Support Gosts. indLKled in the above, are as follows.. M•nag•mont 2025 Musi delivery seSSn5 and music studio 2024 Totsl Wages Social secLS Pensions Rent Insurance Telephone Office expen868 Sundrigs Travel expenses Bank Charges Bookkeeping and payToII costs Subscriptions Training Advertising and markding Depreciation of fixed assets 15,799 533 400 12.250 1.799 662 2,875 369 467 192 60 23,309 2.251 575 12,199 1,867 712 2,398 371 265 155 72 162 1,434 749 1.234 37,633 45,570 Page 10 eontinued...
FUSION PLUS NOTES TO THE FINANCIAL STATEMENTS - Contlnued FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS . contlnued Governance wJts 2025 Music delivery seSSn5 and music studio 2024 Total activllies Independent examinerfs fges 994 NET INCOMEIIEXPENDITUREI Nel incomellexpend1tuI is stated after chargingllcredrtingl.. 2025 2024 Depreciation - owned assets Other operating leases 749 12.250 1,305 12.199 TRUSTEES. REMUNERATION AND BENEFITS There were no trustoes, remuneration or other benefits for the y8ar ended 31 March 2025 nor for the year ended 31 March 2024. Tru$t••s' •xpenseg Durlng the year no trustees12024.' none) were reimbursed out of t(et expenses12024.. £Nill. STAFF COSTS 2025 2024 W8g8s and salaries Social secltrity costs Other penston Gosls 71,773 533 400 59,669 2,251 575 72,706 62,495 Key management personnel consist of the Chief Executive Offlcer of which tolal remuneration for the year was £39.50012024: £36,635) The average monthty number of employees during the year vras as follows.. 2025 2024 Direct Charitable No employees recewed emoluments in exces8 of £60,000. Page11 continued...
FUSION PLUS NOTES TO THE FINANCIAL STATEMENTS - contlnuad FOR THE YEAR ENDED 31 MARCH 2025 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds funds INCOME AND ENDOWMENTS FROM Donations and 18ga¢ioS Char5tsble a¢tivltl•s Music delivery sessions and music studio 96.831 63,417 160.248 Total 103,275 63,417 166,692 EXPENDITURE ON Charitabl• actlvltlos Music delivary sessions and mu8lC studio 69,491 74,811 144.302 NET INCOMEIIEXPENDITURE} Tran¥fer$ beeen funds 33.784 (11.3941 {11.3941 11.394 22,390 Not movomont In funds 22.3 22.390 RecoNCILIATION OF FUNDS Total funds brought forward 114,315 114,315 TOTAL FUNDS CARRIED FORWARD 136,705 136.705 11. TANGIBLE FIXED ASSETS Fixtures and fitting8 Computer equipment Totals COST At 1 April 2024 and 31 MarGh 2025 25.524 22.714 48.238 DEPRECIATION Al 1 April 2024 Charge for year 25,524 21,215 749 46,739 749 Al 31 March 2025 25.524 21.964 47.488 NET BOOK VALUE At 31 March 2025 750 750 At 31 March 2024 1,499 1,499 Page 12 CcmnUed...
FUSION PLUS NOTES TO THE FINANCIAL STATEMENTS - wntlnued FOR THE YEAR ENDED 31 MARCH 2025 12, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments 6,596 1,125 12,207 7,721 12,207 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Other creditors Accrued expenses 4.781 1,627 960 3.448 1,673 918 7.368 6,039 14. ANALYSIS OF NEf ASSEfs BETWEEN FUNDS 2025 Total funds 2024 Total funds Unrestricted Restrictsd funds fun(Js Fixed ass8ts Current assets Current liabillties 750 106,379 17,3681 750 106.379 17.3681 1,499 141.245 16,0391 99,761 99,761 136,705 15. MOVEMENT IN FUNDS Net movement in fund3 Transfers betsn funds At 1.4.24 31.3.25 Unrastrfctad funds Goneral Funds 136.705 {10.671} {26,273} 99.761 R•$trlctod funds Youth Music 126,2731 26,273 TOTAL FUNDS 136.705 (36.9441 99,761 Nel movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlctfjd fvnds General Funds 89,265 199.936} 110.6711 Rostrfctèd funds Youth Music 51.085 (77.3581 {26,273) TOTAL FUNDS 140.350 1177,2941 {36,944} Page13 continued...
FUSION PLUS NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 15. MOVEMENT IN FUNDS-contlnued ComparJtlv•s for mov•mont In funds Net movem8nl in funds Transfers betsv¢en funds At 31.3.24 At 1.4.23 Vnrn8trlct•d fund8 General Fund5 114,315 33,784 (11.3941 136.705 R•$trlctsd funds Youth MUSIC {11.3941 11.394 TOTAL FUNDS 114.315 22.3 136,705 Comparative net movement In funds. included in tha above are as follows.. Incoming resources Resources expended Movement in funds Unro¥lrfctod fvnd¥ General Funds 103,275 169,491) 33,784 R•strl¢ted fund¥ Youth Music 63,417 174.811) (11.394) TOTAL FUNDS 166,692 1144.302 22.390 Gon•ral Fund This ¢x)nsists of th8 general unrestricted actiwties of the charty, vthich includes 1..11 group studio time, recording. production and performance opportunitv&s. as well as other aGtsvibes and c4ve Gosts. Youth Mu$lc This is a project to fund music activities for young people. Transfors bolwoon fund• The transfer beten unrestricted to reslricl8d funds this year was to fund a shortfall on restricted funding. Page 14 conllnued...
FUSION PLUS NOTES TO THE FINANCIAL STATEMENTS- contlnuad FOR THE YEAR ENDED 31 MARCH 2025 RELATED PARTY DISCLOSURES There were no related party IransactKJns for year ended 31 March 2025. 17. ULTIMATE CONTROLLING PARTY The tharitable o)mpany is not under the control of anolh6r entity or any one individual. Page 15