**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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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