**REGISTERED CHARITY NUMBER: 1153370**
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2022
for
Fusion Health and Well Being
Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
Fusion Health and Well Being
Contents of the Financial Statements for the Year Ended 31 August 2022
|||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|15|
|Detailed Statement of Financial Activities|16|to|17|
Fusion Health and Well Being
## Report of the Trustees for the Year Ended 31 August 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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, Phase 1 of the plan has completed for an extension to the gym. Phase 2 of the plan which was to add more hireable rooms to increase activity has also been complete.
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.
Fusion held successful amateur boxing events along with successful funding campaigns.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The main source of income for this financial year has been from Grants.
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 2022
## **Principal address**
The Fusion Centre Ladysmith Road Grimsby North East Lincs DN32 9SW
## **Trustees**
Mrs D Scotter Trustee Mrs S Snell Trustee A Johnston Chair Ms C Welch Trustee C Knight Trustee M Cullum Trustee (appointed 26.5.22)
**Independent Examiner** Mark Stothard FCA Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
Approved by order of the board of trustees on 8 March 2023 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 Trust) for the year ended 31 August 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust'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**
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 Trust 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.
Mark Stothard FCA Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
8 March 2023
Page 3
Fusion Health and Well Being
## Statement of Financial Activities for the Year Ended 31 August 2022
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
43,372
Other trading activities
2
12,900
Other income
51,716
**Total**
107,988
**EXPENDITURE ON**
**Charitable activities**
Cost of charitable activities
66,483
**NET INCOME**
41,505
**RECONCILIATION OF FUNDS**
Total funds brought forward
30,955
**TOTAL FUNDS CARRIED FORWARD**
72,460|Restricted
funds
£
125,447
-
-
125,447
98,205
27,242
176,940
204,182|31.8.22
Total
funds
£
168,819
12,900
51,716
233,435
164,688
68,747
207,895
276,642|31.8.21
Total
funds
£
209,851
12,542
54,698|
|---|---|---|---|
||||277,091|
||||129,509|
||||147,582
60,313|
||||207,895|
The notes form part of these financial statements
Page 4
## Fusion Health and Well Being
## Balance Sheet
## 31 August 2022
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
6
44,611
**CURRENT ASSETS**
Debtors
7
2,414
Cash at bank and in hand
29,040
31,454
**CREDITORS**
Amounts falling due within one year
8
(3,605)
**NET CURRENT ASSETS**
27,849
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
72,460
**NET ASSETS**
72,460
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
189,098
-
15,084
15,084
-
15,084
204,182
204,182|31.8.22
Total
funds
£
233,709
2,414
44,124
46,538
(3,605)
42,933
276,642
276,642
72,460
204,182
276,642|31.8.21
Total
funds
£
133,070
1,330
78,557
79,887
(5,062)
74,825
207,895
207,895
30,955
176,940
207,895|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 8 March 2023 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 2022
## **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.
|Improvements to property|-|Straight line over 20 years|
|---|---|---|
|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 2022
## **2. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||31.8.22|31.8.21|
||£|£|
|Fundraising events|12,900|12,542|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|
Support and training staff|31.8.22
5|31.8.21
5|
|---|---|---|
No employees received emoluments in excess of £60,000.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
22,679
Other trading activities
12,542
Other income
54,698
**Total**
89,919
**EXPENDITURE ON**
**Charitable activities**
Cost of charitable activities
89,447
**NET INCOME**
472
**Transfers between funds**
(35)
**Net movement in funds**
437
**RECONCILIATION OF FUNDS**
Total funds brought forward
30,519
**TOTAL FUNDS CARRIED FORWARD**
30,956|Restricted
funds
£
187,172
-
-
187,172
40,062
147,110
35
147,145
29,794
176,939|Total
funds
£
209,851
12,542
54,698|
|---|---|---|
|||277,091|
|||129,509|
|||147,582
-|
|||147,582
60,313|
|||207,895|
continued...
Page 7
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
## **6. TANGIBLE FIXED ASSETS**
|Improvements
to
property
£
**COST**
At 1 September 2021
121,655
Additions
82,078
Disposals
-
At 31 August 2022
203,733
**DEPRECIATION**
At 1 September 2021
6,083
Charge for year
8,538
Eliminated on disposal
-
At 31 August 2022
14,621
**NET BOOK VALUE**
At 31 August 2022
189,112
At 31 August 2021
115,572
Motor
vehicles
£
**COST**
At 1 September 2021
7,995
Additions
27,990
Disposals
(5,495)
At 31 August 2022
30,490
**DEPRECIATION**
At 1 September 2021
3,464
Charge for year
4,398
Eliminated on disposal
(4,396)
At 31 August 2022
3,466
**NET BOOK VALUE**
At 31 August 2022
27,024
At 31 August 2021
4,531|Plant and
machinery
£
23,401
7,260
-
30,661
14,698
3,768
-
18,466
12,195
8,703
Computer
equipment
£
802
449
-
1,251
283
213
-
496
755
519|Fixtures
and
fittings
£
10,004
2,812
-
12,816
6,259
1,934
-
8,193
4,623
3,745
Totals
£
163,857
120,589
(5,495)
278,951
30,787
18,851
(4,396)
45,242
233,709
133,070|
|---|---|---|
continued...
Page 8
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
|**7.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||31.8.22|31.8.21|
|||£|£|
||Trade debtors|1,180|753|
||Prepayments|1,234|577|
|||2,414|1,330|
|**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||31.8.22|31.8.21|
|||£|£|
||Taxation and social security|1,807|3,131|
||Other creditors|1,798|1,931|
|||3,605|5,062|
continued...
Page 9
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
## **9. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Crime reduction fund
Sports England
North East Lincolnshire Council
SPORTED
Allianz Sports Fund
Power to Change
**Restricted funds**
Big lottery fund
Crime reduction funding
Power to change
CERT Foundation
Magic little grant
Groundwork UK
Main grants lottery award
National lottery
England boxing
Children In Need
FCC Communities
**TOTAL FUNDS**|At 1.9.21
£
9,754
2,858
5,920
839
358
-
11,226
30,955
29,766
3,680
112,073
13,288
500
4
6,655
10,974
-
-
-
176,940
207,895|Net
movement
in funds
£
45,990
(500)
6,988
11
(158)
400
(11,226)
41,505
(15,288)
(3,680)
(23,470)
5,358
-
(4)
(6,655)
(10,836)
167
25,191
56,459
27,242
68,747|At
31.8.22
£
55,744
2,358
12,908
850
200
400
-
72,460
14,478
-
88,603
18,646
500
-
-
138
167
25,191
56,459
204,182
276,642|
|---|---|---|---|
continued...
Page 10
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
## **9. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Crime reduction fund
Sports England
North East Lincolnshire Council
SPORTED
Allianz Sports Fund
Power to Change
**Restricted funds**
Big lottery fund
Crime reduction funding
Power to change
CERT Foundation
Groundwork UK
Main grants lottery award
National lottery
England boxing
Children In Need
FCC Communities
**TOTAL FUNDS**|Incoming
resources
£
94,728
-
11,060
-
200
2,000
-
107,988
32,003
-
-
7,500
-
-
-
1,000
28,485
56,459
125,447
233,435|Resources
Movement
expended
in funds
£
£
(48,738)
45,990
(500)
(500)
(4,072)
6,988
11
11
(358)
(158)
(1,600)
400
(11,226)
(11,226)
(66,483)
41,505
(47,291)
(15,288)
(3,680)
(3,680)
(23,470)
(23,470)
(2,142)
5,358
(4)
(4)
(6,655)
(6,655)
(10,836)
(10,836)
(833)
167
(3,294)
25,191
-
56,459
(98,205)
27,242
(164,688)
68,747|
|---|---|---|
continued...
Page 11
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
## **9. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Crime reduction fund
Sports England
North East Lincolnshire Council
SPORTED
Power to Change
**Restricted funds**
Big lottery fund
Crime reduction funding
Power to change
CERT Foundation
Magic little grant
Groundwork UK
Main grants lottery award
The tribune trust
National lottery
**TOTAL FUNDS**|At 1.9.20
£
17,949
-
1,344
-
-
11,226
30,519
11,320
-
-
7,500
-
-
-
-
10,974
29,794
60,313|Net
movement
in funds
£
(8,160)
2,858
4,576
839
358
-
471
18,446
3,680
112,073
5,788
500
4
6,655
(35)
-
147,111
147,582|Transfers
between
funds
£
(35)
-
-
-
-
-
(35)
-
-
-
-
-
-
-
35
-
35
-|At
31.8.21
£
9,754
2,858
5,920
839
358
11,226
30,955
29,766
3,680
112,073
13,288
500
4
6,655
-
10,974
176,940
207,895|
|---|---|---|---|---|
continued...
Page 12
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
## **9. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Crime reduction fund
Sports England
North East Lincolnshire Council
SPORTED
Coronavirus business support grant
CJRS scheme grants
**Restricted funds**
Big lottery fund
Crime reduction funding
Power to change
CERT Foundation
Magic little grant
Groundwork UK
Buisness support or consultation
Main grants lottery award
The tribune trust
**TOTAL FUNDS**|Incoming
resources
£
42,832
6,200
9,699
5,002
1,000
17,598
7,588
89,919
20,140
5,520
132,101
8,930
500
999
8,000
9,982
1,000
187,172
277,091|Resources
Movement
expended
in funds
£
£
(50,992)
(8,160)
(3,342)
2,858
(5,123)
4,576
(4,163)
839
(642)
358
(17,598)
-
(7,588)
-
(89,448)
471
(1,694)
18,446
(1,840)
3,680
(20,028)
112,073
(3,142)
5,788
-
500
(995)
4
(8,000)
-
(3,327)
6,655
(1,035)
(35)
(40,061)
147,111
(129,509)
147,582|
|---|---|---|
continued...
Page 13
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
## **9. 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
Sports England
North East Lincolnshire Council
SPORTED
Allianz Sports Fund
Power to Change
**Restricted funds**
Big lottery fund
Power to change
CERT Foundation
Magic little grant
The tribune trust
National lottery
England boxing
Children In Need
FCC Communities
**TOTAL FUNDS**|At 1.9.20
£
17,949
-
1,344
-
-
-
11,226
30,519
11,320
-
7,500
-
-
10,974
-
-
-
29,794
60,313|Net
movement
in funds
£
37,830
2,358
11,564
850
200
400
(11,226)
41,976
3,158
88,603
11,146
500
(35)
(10,836)
167
25,191
56,459
174,353
216,329|Transfers
between
funds
£
(35)
-
-
-
-
-
-
(35)
-
-
-
-
35
-
-
-
-
35
-|At
31.8.22
£
55,744
2,358
12,908
850
200
400
-
72,460
14,478
88,603
18,646
500
-
138
167
25,191
56,459
204,182
276,642|
|---|---|---|---|---|
continued...
Page 14
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
## **9. 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
Sports England
North East Lincolnshire Council
SPORTED
Coronavirus business support grant
CJRS scheme grants
Allianz Sports Fund
Power to Change
**Restricted funds**
Big lottery fund
Crime reduction funding
Power to change
CERT Foundation
Magic little grant
Groundwork UK
Buisness support or consultation
Main grants lottery award
The tribune trust
National lottery
England boxing
Children In Need
FCC Communities
**TOTAL FUNDS**|Incoming
resources
£
137,560
6,200
20,759
5,002
1,200
17,598
7,588
2,000
-
197,907
52,143
5,520
132,101
16,430
500
999
8,000
9,982
1,000
-
1,000
28,485
56,459
312,619
510,526|Resources
Movement
expended
in funds
£
£
(99,730)
37,830
(3,842)
2,358
(9,195)
11,564
(4,152)
850
(1,000)
200
(17,598)
-
(7,588)
-
(1,600)
400
(11,226)
(11,226)
(155,931)
41,976
(48,985)
3,158
(5,520)
-
(43,498)
88,603
(5,284)
11,146
-
500
(999)
-
(8,000)
-
(9,982)
-
(1,035)
(35)
(10,836)
(10,836)
(833)
167
(3,294)
25,191
-
56,459
(138,266)
174,353
(294,197)
216,329|
|---|---|---|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2022.
Page 15
Fusion Health and Well Being
Detailed Statement of Financial Activities for the Year Ended 31 August 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 August 2022|||
|---|---|---|
||31.8.22|31.8.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|110|779|
|Grants|168,709|209,072|
||168,819|209,851|
|**Other trading activities**|||
|Fundraising events|12,900|12,542|
|**Other income**|||
|Session fees|38,556|21,195|
|Rent received|9,462|5,955|
|Hub income|3,698|2,362|
|Covid business support grants|-|17,598|
|Job retention scheme grants|-|7,588|
||51,716|54,698|
|**Total incoming resources**|233,435|277,091|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|98,561|80,554|
|Social security|4,044|1,205|
|Insurance|3,738|4,340|
|Telephone|652|522|
|Post,stationary and adverts|3,978|2,757|
|Sundries|3,774|119|
|Registration fees|1,035|1,712|
|Refreshments|2,434|1,302|
|Shows and presentations|2,331|100|
|Motor and travelling|4,309|713|
|Rent, rates and water rates|260|47|
|Clothing|4,828|4,817|
|Equipment|952|1,980|
|Repairs and renewals|6,730|4,619|
|Website and computer costs|4,458|550|
|Accountancy fees|1,800|1,932|
|Training and consultancy costs|4,354|9,634|
|Improvements to property|8,538|6,083|
|Plant and machinery|3,768|2,947|
|Fixtures and fittings|1,934|1,643|
|Motor vehicles|4,398|1,266|
|Computer equipment|213|667|
|Profit on sale of fixed assets|(2,401)|-|
||164,688|129,509|
This page does not form part of the statutory financial statements
Page 16
Fusion Health and Well Being
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 August 2022|||
||31.8.22|31.8.21|
||£|£|
|Total resources expended|164,688|129,509|
|**Net income**|68,747|147,582|
This page does not form part of the statutory financial statements
Page 17