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← Fusion Health And Well Being

2023-08-31-accounts

Digitally Signed Document Document ID: DFBE719A49B249

==> picture [131 x 42] intentionally omitted <==

Document Details:

Filename: Fusion 2023 final accounts.PDF
Client of: Haines Watts Humber

Signature Details

Name: Mark Cullum
Email: mark.cullum@outlook.com
Date & Time: 20/02/2024 14:29:12 PM (GMT)
IP Address: 86.24.15.8
Signing Statement: Mark Cullum agrees and approves the contents
of this document.

Digital Certificate

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On behalf of: Haines Watts Humber
PDF digital certificate: IRIS Software Group Limited
Digital certificate issued by: GlobalSign

Please keep a copy of this document for your records.

REGISTERED CHARITY NUMBER: 1153370

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2023

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 2023

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Cash Flow Statement 6
Notes to the Cash Flow Statement 7
Notes to the Financial Statements 8 to 18
Detailed Statement of Financial Activities 19 to 20

Fusion Health and Well Being

Report of the Trustees

for the Year Ended 31 August 2023

The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. 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 and 2 of the plan has completed. Phase 3 of the plan which was to add more gym space to increase physical activity is now 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 2023

Principal address

The Fusion Centre Ladysmith Road Grimsby North East Lincs DN32 9SW

Trustees

Mrs D Scotter Trustee Mrs S Snell Trustee A Johnston Trustee Ms C Welch Trustee C Knight Trustee M Cullum Chair

Independent Examiner

Mark Stothard Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ M Cullum - 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 2023.

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

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 member of the Institute of Chartered Accountants in England and Wales, 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 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

Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET Date: .............................................

Page 3

Fusion Health and Well Being

Statement of Financial Activities

for the Year Ended 31 August 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
34,468
Other trading activities
3
9,516
Other income
59,393
Total
103,377
EXPENDITURE ON
Charitable activities
4
Cost of charitable activities
138,759
Other
296
Total
139,055
NET INCOME/(EXPENDITURE)
(35,678)
Other recognised gains/(losses)
Gains/(losses) on revaluation of fixed assets
-
Net movement in funds
(35,678)
RECONCILIATION OF FUNDS
Total funds brought forward
72,460
TOTAL FUNDS CARRIED FORWARD
36,782		 Restricted
funds
£
797,814
-
-
797,814
105,502
-
105,502
692,312
(1)
692,311
204,182
896,493		 31.8.23
Total
funds
£
832,282
9,516
59,393
901,191
244,261
296
244,557
656,634
(1)
656,633
276,642
933,275		 31.8.22
Total
funds
£
168,819
12,900
51,716
233,435
164,688
-
164,688
68,747
-
68,747
207,895
276,642

The notes form part of these financial statements

Page 4

Fusion Health and Well Being

Balance Sheet

31 August 2023

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
12
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
50,517
4,444
14,864
19,308
(13,365)
5,943
56,460
(19,678)
36,782		 Restricted
funds
£
423,584
-
472,909
472,909
-
472,909
896,493
-
896,493		 31.8.23
Total
funds
£
474,101
4,444
487,773
492,217
(13,365)
478,852
952,953
(19,678)
933,275
36,782
896,493
933,275		 31.8.22
Total
funds
£
233,709
2,414
44,126
46,540
(3,607)
42,933
276,642
-
276,642
72,460
204,182
276,642

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. M Cullum - Trustee

The notes form part of these financial statements

Page 5

Fusion Health and Well Being

Cash Flow Statement for the Year Ended 31 August 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest element of hire purchase payments
paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Capital repayments in year
Net cash (used in)/provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.8.23
£
684,368
(296)
684,072
(217,569)
1,380
(216,189)
(24,236)
(24,236)
443,647
44,126
487,773		 31.8.22
£
82,657
-
82,657
(120,589)
3,500
(117,089)
-
-
(34,432)
78,558
44,126

The notes form part of these financial statements

Page 6

Fusion Health and Well Being

Notes to the Cash Flow Statement

for the Year Ended 31 August 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
31.8.23 31.8.22
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 656,634 68,747
Adjustments for:
Depreciation charges 26,304 18,851
Profit on disposal of fixed assets (1,380) (2,401)
Interest element of hire purchase and finance lease rental payments 296 -
Increase in debtors (2,033) (1,084)
Increase/(decrease) in creditors 4,547 (1,456)
Net cash provided by operations 684,368 82,657

2. ANALYSIS OF CHANGES IN NET FUNDS

Other
non-cash
At 1.9.22 Cash flow changes At 31.8.23
£ £ £ £
Net cash
Cash at bank
and in hand 44,126 443,647 487,773
44,126 443,647 487,773
Debt
Finance leases - 24,236 - (24,889)
- 24,236 - (24,889)
Total 44,126 467,883 - 462,884

The notes form part of these financial statements

Page 7

Fusion Health and Well Being

Notes to the Financial Statements for the Year Ended 31 August 2023

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.

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 8

Fusion Health and Well Being

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
Sports England
Power To Change
National Lottery Fund
North East Lincolnshire Council
CERT Foundation
Sported
England Boxing
Garfield Weston Foundation
Children In Need
FCC Communities
Allianz Sports Fund
ChartiesTrust
Department For Education
Community Fund Grant
PCC Funding
Street Games UK
The Clothworkers
The Social Investment Fund
3.
OTHER TRADING ACTIVITIES
Fundraising events		 31.8.23
£
1,969
830,313
832,282
31.8.23
£
-
-
8,340
11,470
500
3,950
-
30,000
-
-
-
500
1,500
83,777
23,476
16,800
50,000
600,000
830,313
31.8.23
£
9,516		 31.8.22
£
112
168,707
168,819
31.8.22
£
11,060
1
32,002
-
7,500
200
1,000
30,000
28,485
56,459
2,000
-
-
-
-
-
-
-
168,707
31.8.22
£
12,900

continued...

Page 9

Fusion Health and Well Being

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

4. CHARITABLE ACTIVITIES COSTS

Cost of charitable activities
5.
SUPPORT COSTS
Cost of charitable activities		 Direct
Costs
£
243,770		 Support
costs (see
note 5)
£
491		 Totals
£
244,261
Finance
£
491

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.

7. STAFF COSTS

Wages and salaries
Social security costs
The average monthly number of employees during the year was as follows:
Support and 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
43,372
Other trading activities
12,900
Other income
51,716
Total
107,988
EXPENDITURE ON
Charitable activities
Cost of charitable activities
66,483		 31.8.23
£
142,851
4,513
147,364
31.8.23
8
Restricted
funds
£
125,447
-
-
125,447
98,205		 31.8.22
£
98,561
4,044
102,605
31.8.22
5
Total
funds
£
168,819
12,900
51,716
233,435
164,688

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 10

Fusion Health and Well Being

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
NET INCOME
41,505
27,242
RECONCILIATION OF FUNDS
Total funds brought forward
30,955
176,940
TOTAL FUNDS CARRIED FORWARD
72,460
204,182
9.
TANGIBLE FIXED ASSETS
Improvements
to
Plant and
property
machinery
£
£
COST
At 1 September 2022
203,733
30,661
Additions
192,354
71,281
At 31 August 2023
396,087
101,942
DEPRECIATION
At 1 September 2022
14,621
18,466
Charge for year
12,883
7,822
At 31 August 2023
27,504
26,288
NET BOOK VALUE
At 31 August 2023
368,583
75,654
At 31 August 2022
189,112
12,195
Motor
Computer
vehicles
equipment
£
£
COST
At 1 September 2022
30,490
1,251
Additions
-
2,349
At 31 August 2023
30,490
3,600
DEPRECIATION
At 1 September 2022
3,466
496
Charge for year
3,299
451
At 31 August 2023
6,765
947
NET BOOK VALUE
At 31 August 2023
23,725
2,653
At 31 August 2022
27,024
755		 Total
funds
£
68,747
207,895
276,642

continued...

Page 11

Fusion Health and Well Being

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Trade debtors 870 1,180
Prepayments 3,574 1,234
4,444 2,414
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Hire purchase (see note 13) 5,211 -
Trade creditors 6,234 -
Taxation and social security - 1,807
Other creditors 1,920 1,800
13,365 3,607
12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£ £
Hire purchase (see note 13) 19,678 -
13. LEASING AGREEMENTS
Minimum lease payments under hire purchase fall due as follows:
31.8.23 31.8.22
£ £
Net obligations repayable:
Within one year 5,211 -
Between one and five years 19,678 -
24,889 -
14. SECURED DEBTS
The following secured debts are included within creditors:
31.8.23 31.8.22
£ £
Hire purchase contracts 24,889 -
Hire purchase contracts are secured against the assets in which they relate to.

continued...

Page 12

Fusion Health and Well Being

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Crime reduction fund
Sports England
North East Lincolnshire Council
SPORTED
Allianz Sports Fund
Restricted funds
Big lottery fund
Power to change
CERT Foundation
Magic little grant
National lottery
England boxing
Children In Need
FCC Communities
Restricted fund
TOTAL FUNDS		 At 1.9.22
£
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		 Net
movement
in funds
£
(18,962)
(2,358)
(12,908)
(850)
(200)
(400)
(35,678)
(14,478)
(88,603)
(18,646)
(500)
(138)
(167)
(25,191)
(56,459)
896,493
692,311
656,633		 At
31.8.23
£
36,782
-
-
-
-
-
36,782
-
-
-
-
-
-
-
-
896,493
896,493
933,275

continued...

Page 13

Fusion Health and Well Being

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

15. 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
Restricted funds
Big lottery fund
Power to change
CERT Foundation
Magic little grant
National lottery
England boxing
Children In Need
FCC Communities
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
103,377
-
-
-
-
-
103,377
-
-
-
-
-
-
-
-
797,814
797,814
901,191		 Resources
expended
£
(139,055)
-
-
-
-
-
(139,055)
-
-
-
-
-
-
-
-
(105,502)
(105,502)
(244,557)		 Gains and
Movement
losses
in funds
£
£
16,716
(18,962)
(2,358)
(2,358)
(12,908)
(12,908)
(850)
(850)
(200)
(200)
(400)
(400)
-
(35,678)
(14,478)
(14,478)
(88,603)
(88,603)
(18,646)
(18,646)
(500)
(500)
(138)
(138)
(167)
(167)
(25,191)
(25,191)
(56,459)
(56,459)
204,181
896,493
(1)
692,311
(1)
656,633

continued...

Page 14

Fusion Health and Well Being

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

15. MOVEMENT IN FUNDS - continued

Comparatives for 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

Page 15

continued...

Fusion Health and Well Being

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

15. 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
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

Page 16

continued...

Fusion Health and Well Being

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

15. 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
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
Restricted fund
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
£
27,028
(2,858)
(5,920)
(839)
(358)
(11,226)
5,827
(29,766)
(3,680)
(112,073)
(13,288)
(500)
(4)
(6,655)
(10,974)
896,493
719,553
725,380		 At
31.8.23
£
36,782
-
-
-
-
-
36,782
-
-
-
-
-
-
-
-
896,493
896,493
933,275

continued...

Page 17

Fusion Health and Well Being

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

15. 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:

Incoming
resources
£
Unrestricted funds
General fund
198,105
Crime reduction fund
-
Sports England
11,060
North East Lincolnshire Council
-
SPORTED
200
Allianz Sports Fund
2,000
Power to Change
-
211,365
Restricted funds
Big lottery fund
32,003
Crime reduction funding
-
Power to change
-
CERT Foundation
7,500
Magic little grant
-
Groundwork UK
-
Main grants lottery award
-
National lottery
-
England boxing
1,000
Children In Need
28,485
FCC Communities
56,459
Restricted fund
797,814
923,261
TOTAL FUNDS
1,134,626		 Resources
expended
£
(187,793)
(500)
(4,072)
11
(358)
(1,600)
(11,226)
(205,538)
(47,291)
(3,680)
(23,470)
(2,142)
-
(4)
(6,655)
(10,836)
(833)
(3,294)
-
(105,502)
(203,707)
(409,245)		 Gains and
Movement
losses
in funds
£
£
16,716
27,028
(2,358)
(2,858)
(12,908)
(5,920)
(850)
(839)
(200)
(358)
(400)
-
-
(11,226)
-
5,827
(14,478)
(29,766)
-
(3,680)
(88,603)
(112,073)
(18,646)
(13,288)
(500)
(500)
-
(4)
-
(6,655)
(138)
(10,974)
(167)
-
(25,191)
-
(56,459)
-
204,181
896,493
(1)
719,553
(1)
725,380

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2023.

Page 18

Fusion Health and Well Being

Detailed Statement of Financial Activities for the Year Ended 31 August 2023

Detailed Statement of Financial Activities
for the Year Ended 31 August 2023
31.8.23 31.8.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 1,969 112
Grants 830,313 168,707
832,282 168,819
Other trading activities
Fundraising events 9,516 12,900
Other income
Session fees 41,304 38,556
Rent received 12,736 9,462
Hub income 5,353 3,698
59,393 51,716
Total incoming resources 901,191 233,435
EXPENDITURE
Charitable activities
Wages 142,851 98,561
Social security 4,513 4,044
Insurance 4,050 3,738
Rates, light and heat 3,777 260
Telephone 729 652
Post,stationary and adverts 3,694 3,978
Sundries 1,955 3,774
Registration fees - 1,035
Refreshments 7,641 2,434
Shows and presentations 7,000 2,331
Motor and travelling 5,249 4,309
Clothing 3,390 4,828
Equipment 827 952
Repairs and renewals 19,207 6,730
Website and computer costs 6,208 4,458
Accountancy fees 2,064 1,800
Training and consultancy costs 5,691 4,354
Depreciation 26,304 18,851
Profit on sale tangible fixed assets (1,380) (2,401)
243,770 164,688
Other
Hire purchase 296 -
Support costs

This page does not form part of the statutory financial statements

Page 19

Fusion Health and Well Being

Detailed Statement of Financial Activities for the Year Ended 31 August 2023

Detailed Statement of Financial Activities
for the Year Ended 31 August 2023
31.8.23 31.8.22
£ £
Support costs
Finance
Bank charges 491 -
Total resources expended 244,557 164,688
Net income 656,634 68,747

This page does not form part of the statutory financial statements

Page 20