FUSION HOUSING KIRKLEES LIMITED (a company limited by guaralltee) FINANCIAL STATEMENTS 31 MARCH 2025 CONTENTS Page Charity Reference and Administrative Details Trustees, Annual Rq)ort Auditors, report 7-10 Statement of financial activity 11-12 Balance sheet 13 Statement of cash flows 14 Notes to the financial staternents 15-26 Thefollowingpage does notform part of thefinancial statements Detailed statement of financial activities 27-28 Company registration number: 08158320 Registered chariity number: 1151483 FUSION HOUSING KIRKLEES LIMITED CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 Charity name: Fusion Housing Kirklees Limited Cbarity number.. 1151483 Company number". 08158320 Trustees: S Ahmed E Cannell S Gill T Hood M Hurdley (Appointed 06 November 2024) (Resigned 25 March 2025) (Appointed 29 July 2025) (Appointed 20 May 2025) (Appointed 29 April 2025) (Resigned 12 August 2025) S Kaye C Lorenzelli C A Pattison (Resigned 06 November 2024) K I Saleemi (Appointed 06 November 2024) N Sims (Appointed 06 November 2024) N L Spencer {Appointed 28 January 2025) M Squires (Resigned 24 September 2025) M VangTove Principal and registered office: Pearl House, Jobn William Street, Huddersfiel(L HDI IBA Auditors: Mlheawill & Sudworth Limited, Chartered Accountants, 35 Westgate, Huddersfield, HD I IPA Principal bankers.. National Westminster BanK 8 Market Place, Huddersfield, HDI 2AN FUSION HOUSING KIRKLEES LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees who are also directors of the charity for the pU￿oseS of the Companies Act 2006, present their report and the audited financiaI ststement of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of th¢ Statement of Reconunended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been ptepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity's governing document, the Charities Act 201 l and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities as updated by Bulletin l in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. The Directors of the Ch￿itable con]pany (the charity) are its Trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustees. As part of the Statement of ReconJnended Practice {SORP) regulations a Trustees Annual Report is required together with the financial audit and it is therefore logical and efficient to embed its business, finance, strategic pEans and reviews into tbis report, ORJECTIVES AND ACTIVITIES Objeetives and aim5 The Charities objectives are the prevention or relief of poverty for public benefit in Kirklees, Calderdale. Wakefield and Barnsley. This includes supporting individuals who are homeless, at risk of becoming homeless, or in housing need. Support is delivered through advice. advocacy, training, and assistance in areas such as housing, health, learning, and employment. Fubion Housing is committed to reducing homelessness and food poverty by tackling the root causes of housing insecurity and financial hardship. The organisation empoweis individuals and families to overcome barriers that limit their opportunities and to build more stable, independent lives. Our mission is to empower people to make infomied life choices and to actively tske part in shaping a positive future for themselves and their communities. Charitable Activities Fusion Housing is a long-established organisation delivering a range of integrated services designed to prevent homelessness and alleviate poverty. These services include: Housing Advice Supported and Emergency accommodation Training activities Food Bank We work primarily across the Kirklees, Calderdale, and Wakefield areas, supporting some of the most vulnerable members of these communities. Through practical support and early intervention, we help individuals to secure and sustain suitable, affordable accommodation, develop life skills, and achieve long-term stability. Significant activities Fusion Housing Kirklees delivers targeted housing support, advice. and guidance to residents of Kirklees, Calderdale and Wakefield. This includes addressing immediate housing crises as well as providing longer-terni support to promote housing stability and independence. FUSION HOUSING KIRKLEES LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (Continued) Public Benefit and Eligibility Criteria The Trustees confirn] that they have had due regard to the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning its current and fiJtyre activities. All services are delivered in line with the Charity's objects and are intended to benefit those in financial hardship or at risk of homelessness, without discrimination. ACHIEVEMENTS AND PERFORMANCE Charilable activities In year achievementslperformallce: Housing Advice The advice service provides, for public benefit, a confidential and not for profit advice service for individuals age 16 and over Én the KiTklees and Wakefield areas. We provide specialist Iegal advice on housing and related matters including: Rent and Mortgaoe arrears - financial problems relating to housing, help with court applications to prevent eviction and claims for benefit to help pay housing costs. Notices to leave the home and threats of eviction Harassment and illegal eviction Representation at Court hearings Homelessness prevention, applying for help and Challenging Local Authority decision Welfare Benefit claims, decisions and overpayments Finding a place to live- advice about options in Kirklees and beyond HOMES Our HOMES service provides supported and emergency accommodation for single people and families who are homeless and require additional support to enable them to maintain accommodation and live independently. Accommodation is available in the Kirklees, Wakefield and Calderdale areas and consists of both self-contained and shared living options. Residents can stay for up to 2 years whilst they explore longer terni options and receive the help they need to address issues they may have which put them at risk of homelessness. Whilst having the overall aim of addressing homelessness and housing insecurity, we also support residents into work and education, enable access to other services including those addressing mental health and substance misuse, and support people into ¢ducation, training and employment. Assistance is also gÈven in improving financial resilience in the fonn of budgeting support, income maximisation and support with benefits, or access to our Money Management leaming provision. Food and More Service The Food and More Service runs our Food BaTJk provision in Dewsbury, which includes wrap around advice and guidance to increase financial resilience and reduce dependency on emergency food provision. The service also assisted with Furniture and Home Starter Packs via the Household Fund. Initial Contact Service Our Initial Contact Service acts as the first point of contact for all other Fusion Services and provides initial advice and support on housing and related issues across our areas of operation. Fundraising activities Fusion Housing Kirklees funds are sought through grants and contracts along with other fundraising activities FUSION HOUSING KIRKLEES LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (Continued) FINANCIAL REVIEW The results for the year and financial position of the company are shown in the financial statements. Year End Posltion Our annual financial statements for the yeaT ending 31" March 2025 reflect the ongoing challenges and ditTiculties FusÈon Housing had faced during the previous two financial years. During the financial year to 31" March 2025 we have again focused intensively on improving our financial position through Cost management, liability management and incorne management with a commitment to bring the business back to a better financial standing. During the financial year our largest income generating service, HOME4s, continued a journey of re-structure and diversification of the portfolio of supported accommodation properties and bringing on additional properties into our Emergency Accommodation provision. This is a service that is much needed in all areas we serve and gives residents a more appropriate temporary housing option which is a stepping stone to breaking the cycle of homelessness. We are continuing with the restrncture progranune which will ensure our services are ready for the new Supported Housing licensing scheme in 2027. Strategic Organisation Plan Here's what we'll be doing to reduce the financial impact and strengthen our organisation in the following financial year from April 2025. During the financial y¢ar 25126 we will: Continue to improve our financial position through further cost management, liability management and income generation. Continue to m¢asure all of our accommodation against the Supported Housing Act ready for licensing. Continue on our journey of restructuring services to meet the changing needs of our Organisation and client group in line with our external funding. Creating efficiencies through better use of technology and data collection. Embark on an active fund-raising programme and will embed this into our ongoing organisation planning. Developing a new marketing strategy and fundraising plan. Embedded in our strategy is the passion and expertise of our staff and trustees to enable us to fulfil our vision, with the aim of benefiting the communities we serve. Summary We aTe pleased with the progress made back towards financial stability over the past year, but recognise that there is still rnore to do. We have reduced our liabilities and created a robust income strategy. Reserves Policy Fusion Housing Kirklees will seek to ensure a minimuEn lcvcl of reserves of at least 50/0 of annual operating costs and will havc flexibility at each accounting year for a reduction or incr¢ase of funds. Going concern The trustees have considered the impact of the previous financial year and other changes that have had on the charity during this year and are likely to have in the future. Whilst acknowledging that operations could still be affected in the short-tenn at least, the Trustees believe they have put suitablc measures in place to ensure that the Charity will be able to continue with its activities going forward. The Trustees therefore believe that the preparation of the financial statements on the going concern basis is appropriate. Future Plans Fusion Housing Kirklees will seek to diversify and attract funds into the core organisation activities in order to secure the provision of quality, person centred services to those that need them. We will continue to develop and monitor our provision so that it consistently meets the standards required by the Accreditations we hold such as Matrix and th¢ Specialist Quality Mark. FUSION HOUSING KIRKLEES LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (Continued) FINANCIAL REVIEW (continued) Key areas for future development identified are. To continue on our journey to diversify our accommodation provision is ready for licensing with a focus on quality and meeting the needs of the communities we serve. To develop our Food and More Service in North Kirklees and provide services which help reduce the reliance on Food Banks. To explore further funding options for our Learning and Employment Support activities To further expand our Housing Advice service to meet local demand. Our bi-annual Staff Conference structure will continue to play a role in these developments and to identify other areas. STRUCTURE, GOVERNANCE AND MANAGEMEIYT Governing Document The Company is controlled by its governing document, a deed of trust, and conSti￿teS a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recruitment and appointment of new trustees Recruitment of Trustees is done through advertisement in local press or through local agency bulletins and by nomination through existing Members when a position becomes available. New Trustees are appointed by Election where individuals are nominated (following their application) and are then elected onto the Board of Trnstees by the organisation's members at an Annual General Meeting (AGM). Organisational structure The Trustees of the organisation hold responsibility to the organisation for decisÈon making and delegate core functions to the organisations C.E.O and Management Team. Induction and training of new trustees New trustees to the Fusion Housing Kirldees Board will go through an induction process and skills audit to ascertain any training needs. All trustees will have access to the organisations training programme in relation to the services provided. Related parties There are no relatcd parties. and no transactions with tmstees as detcrmined by the Memorandum and Articles of Association. Direetors The Directors during the year were: S AhTncd E Cannell S Kay¢ C Lorenzelli C A Pattison K I Saleemi N Sims N L Spencer M Squires M Vangrove M Hurdley HOUSING KIRKLEES LIMITED TRUSTEES, AINThUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (Continued) STRUCTURE, GOVERNANCE AND MAJ¥AGEMENT (Continued) Auditors Wheawill & Sudworth Limited were appointed as auditor for the year and they will be proposed for re-appointment at the Annual General Meeting. Trustees, Responsibilities Statement The Trustees (who are also the directors of Fusion Housing Kirklees Limited for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the t￿Stee8 to prepare financial statements for each financial year. Under company law th¢ trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the 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 these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019 (FRS L02). make judgements and estimates that are reasonable and prudent. state whether applicable UK accounting standards have been followe