REGISTERED CHARITY NUMBER: 1153370
Report of the Trustees and
Financial Statements for the Year Ended 31 August 2021
for
Fusion Health and Well Being
SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Fusion Health and Well Being
Contents of the Financial Statements for the Year Ended 31 August 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Fusion Health and Well Being
Report of the Trustees
for the Year Ended 31 August 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote and encourage health related activities to the community using boxing and fitness recreation.
To use sport and recreational activities to help promote health and well-being and help with both personal issues and various community issues such as anti- social behaviour.
Provide a safe environment for children, young people and adults to participate in sport and health related recreational activity that promote well-being, social interaction within the community.
Attendance at the charity's meetings by trustees has been mainly via electronic video call to ensure the charity runs appropriately and in accordance to the Charity Commission guidance, on public benefit.
ACHIEVEMENT AND PERFORMANCE
A much further increase in participants, who do much more of the activities being offered.
The organisation has set out a 4 phase business plan to grow the organisation's facilities and members, Phase1 of the plan has commenced for an extension to the gym.
The organisation has been successful in running Outreach Programs to further enhance our main aims, which support a reduction in anti- social behaviour and other community issues.
The addition of new volunteers and coaches to support the new activities as well as an apprenticeship program.
Service delivery to Local Community Groups and alternative ongoing provisions to schools.
An ongoing and successful Disability Project.
All Annual Events have been restricted due to the COVID pandemic.
Successful funding campaigns around COVID .
FINANCIAL REVIEW
Principal funding sources
The main source of income for this financial year has been from Grants, the Covid pandemic has reduced our income from room hire and session payments.
All expenditure spent is on items for our service, which supports our key objective to promote health and well being.
RESERVES POLICY
We aim to have no less than three months running costs in reserve, which has now increased.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The CIO is controlled by its governing document, a deed of trust and constitutes a charitable incorporated organisation.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1153370
Page 1
Fusion Health and Well Being
Report of the Trustees for the Year Ended 31 August 2021
Principal address The Fusion Centre Ladysmith Road Grimsby N E Lincolnshire DN32 9SW
Trustees
Mrs S Snell Mrs D Scotter A Johnston Miss C Welch C Knight (appointed 3.9.20)
Independent Examiner
H N Sanderson FCIE The Association of Charity Independent Examiners SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ A Johnston - Trustee
Page 2
Independent Examiner's Report to the Trustees of Fusion Health and Well Being
Independent examiner's report to the trustees of Fusion Health and Well Being
I report to the charity trustees on my examination of the accounts of Fusion Health and Well Being (the CIO) for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of The Association of Charity Independent Examiners which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
H N Sanderson FCIE The Association of Charity Independent Examiners SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Date: .............................................
Page 3
Fusion Health and Well Being
Statement of Financial Activities for the Year Ended 31 August 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 22,679 Other trading activities 2 12,542 Other income 54,698 Total 89,919 EXPENDITURE ON Charitable activities Costs of charitable activities 89,448 NET INCOME 471 Transfers between funds 10 (35) Net movement in funds 436 RECONCILIATION OF FUNDS Total funds brought forward 30,519 TOTAL FUNDS CARRIED FORWARD 30,955 |
Restricted funds £ 187,172 - - 187,172 40,061 147,111 35 147,146 29,794 176,940 |
2021 Total funds £ 209,851 12,542 54,698 277,091 129,509 147,582 - 147,582 60,313 207,895 |
2020 Total funds £ 84,501 197 41,043 |
|---|---|---|---|
| 125,741 101,567 |
|||
| 24,174 - |
|||
| 24,174 36,139 |
|||
| 60,313 |
The notes form part of these financial statements
Page 4
Fusion Health and Well Being
Balance Sheet 31 August 2021
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 25,834 CURRENT ASSETS Debtors 7 1,330 Cash at bank and in hand 8,854 10,184 CREDITORS Amounts falling due within one year 8 (5,063) NET CURRENT ASSETS 5,121 TOTAL ASSETS LESS CURRENT LIABILITIES 30,955 NET ASSETS 30,955 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 107,236 - 69,704 69,704 - 69,704 176,940 176,940 |
2021 Total funds £ 133,070 1,330 78,558 79,888 (5,063) 74,825 207,895 207,895 30,955 176,940 207,895 |
2020 Total funds £ 11,309 1,513 51,580 53,093 (4,089) 49,004 60,313 60,313 30,519 29,794 60,313 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. A Johnston - Trustee
The notes form part of these financial statements
Page 5
Fusion Health and Well Being
Notes to the Financial Statements
for the Year Ended 31 August 2021
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost Fixtures and fittings - 20% on cost Motor vehicles - 20% on cost Computer equipment - 20% on cost
TAXATION
The charity is exempt from 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.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 6
Fusion Health and Well Being
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
2. OTHER TRADING ACTIVITIES
| Fundraising events | 2021 £ 12,542 |
2020 £ 197 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Support & training staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 12,632 Other trading activities 197 Other income 41,043 Total 53,872 EXPENDITURE ON Charitable activities Costs of charitable activities 55,768 NET INCOME/(EXPENDITURE) (1,896) RECONCILIATION OF FUNDS Total funds brought forward 32,415 TOTAL FUNDS CARRIED FORWARD 30,519 |
2021 5 |
2020 7 Total funds £ 84,501 197 41,043 |
|---|---|---|
| Restricted funds £ 71,869 - - 71,869 45,799 26,070 3,724 29,794 |
||
| 125,741 101,567 |
||
| 24,174 36,139 |
||
| 60,313 |
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 7
Fusion Health and Well Being
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
6. TANGIBLE FIXED ASSETS
| Improvement to Leasehold property £ COST At 1 September 2020 - Additions 121,655 At 31 August 2021 121,655 DEPRECIATION At 1 September 2020 - Charge for year 6,083 At 31 August 2021 6,083 NET BOOK VALUE At 31 August 2021 115,572 At 31 August 2020 - Motor vehicles £ COST At 1 September 2020 5,495 Additions 2,500 At 31 August 2021 7,995 DEPRECIATION At 1 September 2020 2,198 Charge for year 1,266 At 31 August 2021 3,464 NET BOOK VALUE At 31 August 2021 4,531 At 31 August 2020 3,297 |
Plant and machinery £ 16,381 7,020 23,401 11,757 2,941 14,698 8,703 4,624 Computer equipment £ (1,960) 2,762 802 (383) 666 283 519 (1,577) |
Fixtures and fittings £ 9,573 431 10,004 4,608 1,651 6,259 3,745 4,965 Totals £ 29,489 134,368 163,857 18,180 12,607 30,787 133,070 11,309 |
|---|---|---|
continued...
Page 8
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments and accrued income Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 9. MOVEMENT IN FUNDS Net movement At 1.9.20 in funds £ £ Unrestricted funds General fund 17,949 (8,160) Crime Reduction Fund - 2,858 SportsEngland 1,344 4,576 Power to Change-revenue grant 11,226 - SPORTED - 358 N E Lincolnshire Council - 839 30,519 471 Restricted funds Big Lottery Fund 11,320 18,446 National Lottery 10,974 - Crime Reduction Funding - 3,680 CERT Foundation 7,500 5,788 Magic Little Grant - 500 Groundwork UK - 4 theTribune trust - (35) Main Grants Lottery Award - 6,655 Power To Change - 112,073 29,794 147,111 TOTAL FUNDS 60,313 147,582 |
2021 £ 753 - 577 1,330 2021 £ 3,131 1,932 5,063 Transfers between funds £ (35) - - - - - (35) - - - - - - 35 - - 35 - |
2020 £ 616 8 889 1,513 2020 £ 2,258 1,831 4,089 At 31.8.21 £ 9,754 2,858 5,920 11,226 358 839 30,955 29,766 10,974 3,680 13,288 500 4 - 6,655 112,073 176,940 207,895 |
|---|---|---|
continued...
Page 9
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Crime Reduction Fund Coronavirus Business Support Grant CJRS Scheme Grants SportsEngland SPORTED N E Lincolnshire Council Restricted funds Big Lottery Fund Crime Reduction Funding CERT Foundation Magic Little Grant Groundwork UK theTribune trust Main Grants Lottery Award Business Support or Consultation Power To Change TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund SportsEngland Power to Change-revenue grant Restricted funds Big Lottery Fund National Lottery CERT Foundation TOTAL FUNDS |
Incoming resources £ 42,832 6,200 17,598 7,588 9,699 1,000 5,002 89,919 20,140 5,520 8,930 500 999 1,000 9,982 8,000 132,101 187,172 277,091 At 1.9.19 £ 32,415 - - 32,415 1,680 2,044 - 3,724 36,139 |
Incoming resources £ 42,832 6,200 17,598 7,588 9,699 1,000 5,002 89,919 20,140 5,520 8,930 500 999 1,000 9,982 8,000 132,101 187,172 277,091 At 1.9.19 £ 32,415 - - 32,415 1,680 2,044 - 3,724 36,139 |
Resources Movement expended in funds £ £ (50,992) (8,160) (3,342) 2,858 (17,598) - (7,588) - (5,123) 4,576 (642) 358 (4,163) 839 (89,448) 471 (1,694) 18,446 (1,840) 3,680 (3,142) 5,788 - 500 (995) 4 (1,035) (35) (3,327) 6,655 (8,000) - (20,028) 112,073 (40,061) 147,111 (129,509) 147,582 Net movement At in funds 31.8.20 £ £ (14,466) 17,949 1,344 1,344 11,226 11,226 (1,896) 30,519 9,640 11,320 8,930 10,974 7,500 7,500 26,070 29,794 24,174 60,313 |
Resources Movement expended in funds £ £ (50,992) (8,160) (3,342) 2,858 (17,598) - (7,588) - (5,123) 4,576 (642) 358 (4,163) 839 (89,448) 471 (1,694) 18,446 (1,840) 3,680 (3,142) 5,788 - 500 (995) 4 (1,035) (35) (3,327) 6,655 (8,000) - (20,028) 112,073 (40,061) 147,111 (129,509) 147,582 Net movement At in funds 31.8.20 £ £ (14,466) 17,949 1,344 1,344 11,226 11,226 (1,896) 30,519 9,640 11,320 8,930 10,974 7,500 7,500 26,070 29,794 24,174 60,313 |
Resources Movement expended in funds £ £ (50,992) (8,160) (3,342) 2,858 (17,598) - (7,588) - (5,123) 4,576 (642) 358 (4,163) 839 (89,448) 471 (1,694) 18,446 (1,840) 3,680 (3,142) 5,788 - 500 (995) 4 (1,035) (35) (3,327) 6,655 (8,000) - (20,028) 112,073 (40,061) 147,111 (129,509) 147,582 Net movement At in funds 31.8.20 £ £ (14,466) 17,949 1,344 1,344 11,226 11,226 (1,896) 30,519 9,640 11,320 8,930 10,974 7,500 7,500 26,070 29,794 24,174 60,313 |
|---|---|---|---|---|---|
| 3,724 36,139 |
26,070 24,174 |
continued...
Page 10
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Coronavirus Business Support Grant CJRS Scheme Grants SportsEngland Power to Change-revenue grant Restricted funds Big Lottery Fund National Lottery SportsEngland Voluntary Action North East Crime Reduction Funding CERT Foundation St.James's Place charitable foundation Magic Little Grant TOTAL FUNDS |
Incoming resources £ 29,805 10,000 1,497 1,344 11,226 53,872 35,979 8,930 1,000 5,760 10,000 7,500 2,200 500 71,869 125,741 |
Resources Movement expended in funds £ £ (44,271) (14,466) (10,000) - (1,497) - - 1,344 - 11,226 (55,768) (1,896) (26,339) 9,640 - 8,930 (1,000) - (5,760) - (10,000) - - 7,500 (2,200) - (500) - (45,799) 26,070 (101,567) 24,174 |
|---|---|---|
continued...
Page 11
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Crime Reduction Fund SportsEngland Power to Change-revenue grant SPORTED N E Lincolnshire Council Restricted funds Big Lottery Fund National Lottery Crime Reduction Funding CERT Foundation Magic Little Grant Groundwork UK theTribune trust Main Grants Lottery Award Power To Change TOTAL FUNDS |
At 1.9.19 £ 32,415 - - - - - 32,415 1,680 2,044 - - - - - - - 3,724 36,139 |
Net movement in funds £ (22,626) 2,858 5,920 11,226 358 839 (1,425) 28,086 8,930 3,680 13,288 500 4 (35) 6,655 112,073 173,181 171,756 |
Transfers between funds £ (35) - - - - - (35) - - - - - - 35 - - 35 - |
At 31.8.21 £ 9,754 2,858 5,920 11,226 358 839 30,955 29,766 10,974 3,680 13,288 500 4 - 6,655 112,073 176,940 207,895 |
|---|---|---|---|---|
continued...
Page 12
Fusion Health and Well Being
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Crime Reduction Fund Coronavirus Business Support Grant CJRS Scheme Grants SportsEngland Power to Change-revenue grant SPORTED N E Lincolnshire Council Restricted funds Big Lottery Fund National Lottery SportsEngland Voluntary Action North East Crime Reduction Funding CERT Foundation St.James's Place charitable foundation Magic Little Grant Groundwork UK theTribune trust Main Grants Lottery Award Business Support or Consultation Power To Change TOTAL FUNDS |
Incoming resources £ 72,637 6,200 27,598 9,085 11,043 11,226 1,000 5,002 143,791 56,119 8,930 1,000 5,760 15,520 16,430 2,200 1,000 999 1,000 9,982 8,000 132,101 259,041 402,832 |
Resources Movement expended in funds £ £ (95,263) (22,626) (3,342) 2,858 (27,598) - (9,085) - (5,123) 5,920 - 11,226 (642) 358 (4,163) 839 (145,216) (1,425) (28,033) 28,086 - 8,930 (1,000) - (5,760) - (11,840) 3,680 (3,142) 13,288 (2,200) - (500) 500 (995) 4 (1,035) (35) (3,327) 6,655 (8,000) - (20,028) 112,073 (85,860) 173,181 (231,076) 171,756 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 13
Fusion Health and Well Being
| Detailed Statement of Financial Activities for the Year Ended 31 August 2021 INCOME AND ENDOWMENTS Donations and legacies Donations Grants Other trading activities Fundraising events Other income Session fees Rent received Hub income Covid Business Support Grants Coronavirus Job Retention Scheme Grants Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Insurance Postage, stationery & advertising Telephone Sundries Registration fees Refreshments Shows & presentations Motor & travelling Rent, rates & water rates Coaching fees Clothing Equipment Repairs & renewals Website costs Accountancy fees Training & consultancy costs Book Keeping charges Depn of improvements to leasehold property Depn of plant & machinery Depn of fixtures & fittings Depn of motor vehicles Carried forward |
2021 £ 780 209,071 209,851 12,542 21,195 5,955 2,362 17,598 7,588 54,698 277,091 80,554 1,205 - 4,340 2,757 522 119 1,712 1,302 100 713 47 - 4,817 1,980 4,619 550 1,932 9,634 - 6,083 2,947 1,643 1,266 128,842 |
2020 £ 63 84,438 84,501 197 27,925 240 1,381 10,000 1,497 41,043 125,741 19,748 32 111 3,604 406 - 356 616 996 343 1,081 25 31,555 1,106 - 18,266 2,120 2,128 6,094 3,649 - 3,117 1,336 1,099 97,788 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 14
Fusion Health and Well Being
| Charitable activities Brought forward Depn of computer equipment Loss on sale of tangible fixed assets Total resources expended Net income |
Detailed Statement of Financial Activities for the Year Ended 31 August 2021 |
2021 £ 128,842 667 - 129,509 129,509 147,582 |
2020 £ 97,788 (421) 4,200 101,567 101,567 24,174 |
|---|---|---|---|
This page does not form part of the statutory financial statements
Page 15