REGISTERED CHARITY NUMBER: 1153370
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024
for
Fusion Health and Well Being
Xeinadin Humber Limited 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 2024
| 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 17 |
| Detailed Statement of Financial Activities | 18 to 19 |
Fusion Health and Well Being
Report of the Trustees
for the Year Ended 31 August 2024
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. 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, focusing on youth, using boxing, fitness recreation and positive activities.
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 regularly attended, 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 continued with our 4-phase business plan to grow the organisation's facilities and members, Phase 1, 2 and 3 of the plan has completed. We move on to phase 4 which is funded by the Youth Investment Fund.
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, continued with support from Sport England
Fusion held successful amateur boxing events and awards evenings 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 2024
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 Xeinadin Humber Limited 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 2024.
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:
-
accounting records were not kept in respect of the Trust 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.
Mark Stothard
Xeinadin Humber Limited 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 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 86,550 Other trading activities 3 11,274 Other income 80,632 Total 178,456 EXPENDITURE ON Charitable activities 4 Cost of charitable activities 107,520 Other 1,777 Total 109,297 NET INCOME/(EXPENDITURE) 69,159 Other recognised gains/(losses) Gains/(losses) on revaluation of fixed assets - Net movement in funds 69,159 RECONCILIATION OF FUNDS Total funds brought forward 36,782 TOTAL FUNDS CARRIED FORWARD 105,941 |
Restricted funds £ 151,477 - 151,477 250,567 - 250,567 (99,090) - (99,090) 896,493 797,403 |
31.8.24 Total funds £ 238,026 11,275 80,632 329,933 358,087 1,777 359,864 (29,931) - (29,931) 933,275 903,344 |
31.8.23 Total funds £ 832,282 9,516 59,393 901,191 244,261 297 244,558 656,633 - 656,633 276,642 933,275 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Fusion Health and Well Being
Balance Sheet
31 August 2024
| 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 £ 46,937 5,135 84,042 89,177 (16,428) 72,749 119,686 (13,744) 105,942 |
Restricted funds £ 797,402 - 37,462 37,462 (37,462) - 797,402 - 797,402 |
31.8.24 Total funds £ 844,339 5,135 121,504 126,639 (53,890) 72,749 917,088 (13,744) 903,344 105,941 797,403 903,344 |
31.8.23 Total funds £ 474,101 4,444 487,772 492,216 (13,364) 478,852 952,953 (19,678) 933,275 36,782 896,493 933,275 |
|---|---|---|---|---|
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 2024 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 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 |
31.8.24 £ 67,397 (1,777) 65,620 (427,454) 1,500 (425,954) (5,934) (5,934) (366,268) 487,772 121,504 |
31.8.23 £ 684,370 (296) 684,074 (217,570) 1,380 (216,190) (24,236) (24,236) 443,648 44,124 487,772 |
|---|---|---|
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 2024
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Profit on disposal of fixed assets Interest element of hire purchase and finance lease rental payments Increase in debtors Increase in creditors Net cash provided by operations |
31.8.24 £ (29,931) 57,215 (1,500) 1,777 (690) 40,526 67,397 |
31.8.23 £ 656,634 26,304 (1,380) 296 (2,032) 4,548 684,370 |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.9.23 | Cash flow | At 31.8.24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 487,772 | (366,268) | 121,504 |
| 487,772 | (366,268) | 121,504 | |
| Debt | |||
| Finance leases | (24,889) | 5,934 | (18,955) |
| (24,889) | 5,934 | (18,955) | |
| Total | 462,883 | (360,334) | 102,549 |
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 2024
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 2024
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Sports England National Lottery Fund North East Lincolnshire Council CERT Foundation Groundwork UK Sported Garfield Weston Foundation ChartiesTrust Department For Education Community Fund Grant PCC Funding Street Games UK The Clothworkers The Social Investment Fund Lincolnshire Community Fund Lisa Adams The Million Hours Funds 3. OTHER TRADING ACTIVITIES Fundraising events 4. CHARITABLE ACTIVITIES COSTS Cost of charitable activities |
Direct Costs £ 355,915 |
31.8.24 £ - 238,026 238,026 31.8.24 £ 444 106,955 34,434 - 1,500 - 30,000 - - - - - - 43,041 8,000 10,000 3,652 238,026 31.8.24 £ 11,275 Support costs (see note 5) £ 2,172 |
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 Totals £ 358,087 |
|---|---|---|---|
continued...
Page 9
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
5. SUPPORT COSTS
Cost of charitable activities
Finance £ 2,172
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
7. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
31.8.24 £ 183,148 14,749 1,108 199,005 |
31.8.23 £ 140,786 4,513 2,065 147,364 |
|---|---|---|
The average monthly number of employees during the year was as follows:
Support and training staff |
31.8.24 11 |
31.8.23 8 |
|---|---|---|
No employees received emoluments in excess of £60,000.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 34,469 Other trading activities 9,515 Other income 59,393 Total 103,377 EXPENDITURE ON Charitable activities Cost of charitable activities 138,759 Other 297 Total 139,056 NET INCOME/(EXPENDITURE) (35,679) Other recognised gains/(losses) |
Restricted funds £ 797,814 - - 797,814 105,502 - 105,502 692,312 |
Total funds £ 832,282 9,516 59,393 901,191 244,261 297 244,558 656,633 |
|---|---|---|
continued...
Page 10
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted funds £ Gains/(losses) on revaluation of fixed assets - Net movement in funds (35,679) RECONCILIATION OF FUNDS Total funds brought forward 72,460 TOTAL FUNDS CARRIED FORWARD 36,781 9. TANGIBLE FIXED ASSETS Improvements to property £ COST At 1 September 2023 396,087 Additions 416,494 Disposals - At 31 August 2024 812,581 DEPRECIATION At 1 September 2023 27,504 Charge for year 29,898 Eliminated on disposal - At 31 August 2024 57,402 NET BOOK VALUE At 31 August 2024 755,179 At 31 August 2023 368,583 |
Restricted funds £ - 692,312 204,182 896,494 Plant and machinery £ 101,943 8,046 (3,159) 106,830 26,289 18,646 (3,159) 41,776 65,054 75,654 |
Total funds £ - 656,633 276,642 933,275 Fixtures and fittings £ 13,526 1,901 - 15,427 10,040 1,725 - 11,765 3,662 3,486 |
|
|---|---|---|---|
continued...
Page 11
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
9. TANGIBLE FIXED ASSETS - continued
| Motor vehicles £ COST At 1 September 2023 30,490 Additions - Disposals - At 31 August 2024 30,490 DEPRECIATION At 1 September 2023 6,765 Charge for year 6,098 Eliminated on disposal - At 31 August 2024 12,863 NET BOOK VALUE At 31 August 2024 17,627 At 31 August 2023 23,725 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Hire purchase (see note 13) Trade creditors Taxation and social security Other creditors |
Computer equipment £ 3,600 1,013 - 4,613 947 849 - 1,796 2,817 2,653 31.8.24 £ 1,015 4,120 5,135 31.8.24 £ 5,211 3,234 3,853 41,592 53,890 |
Totals £ 545,646 427,454 (3,159) 969,941 71,545 57,216 (3,159) 125,602 844,339 474,101 31.8.23 £ 870 3,574 4,444 31.8.23 £ 5,211 6,233 - 1,920 13,364 |
|---|---|---|
continued...
Page 12
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
| 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.8.24 £ Hire purchase (see note 13) 13,744 13. LEASING AGREEMENTS Minimum lease payments under hire purchase fall due as follows: 31.8.24 £ Net obligations repayable: Within one year 5,211 Between one and five years 13,744 18,955 14. SECURED DEBTS The following secured debts are included within creditors: 31.8.24 £ Hire purchase contracts 18,955 Hire purchase contracts are secured against the assets in which they relate to. 15. MOVEMENT IN FUNDS Net movement At 1.9.23 in funds £ £ Unrestricted funds General fund 36,782 69,159 Restricted funds Restricted fund 896,493 (99,090) TOTAL FUNDS 933,275 (29,931) |
31.8.23 £ 19,678 31.8.23 £ 5,211 19,678 24,889 31.8.23 £ 24,889 At 31.8.24 £ 105,941 797,403 903,344 |
|---|---|
continued...
Page 13
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Comparatives for 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 |
Incoming resources £ 178,456 151,477 329,933 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 |
Resources Movement expended in funds £ £ (109,297) 69,159 (250,567) (99,090) (359,864) (29,931) Net movement At in funds 31.8.23 £ £ (18,962) 36,782 (2,358) - (12,908) - (850) - (200) - (400) - (35,678) 36,782 (14,478) - (88,603) - (18,646) - (500) - (138) - (167) - (25,191) - (56,459) - 896,493 896,493 692,311 896,493 656,633 933,275 |
|---|---|---|
continued...
Page 14
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
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 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) 204,182 896,494 - 692,312 - 656,634 |
|---|---|---|---|
continued...
Page 15
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
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 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 £ 50,197 (2,358) (12,908) (850) (200) (400) 33,481 (14,478) (88,603) (18,646) (500) (138) (167) (25,191) (56,459) 797,403 593,221 626,702 |
At 31.8.24 £ 105,941 - - - - - 105,941 - - - - - - - - 797,403 797,403 903,344 |
|---|---|---|---|
continued...
Page 16
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
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 281,833 Crime reduction fund - Sports England - North East Lincolnshire Council - SPORTED - Allianz Sports Fund - 281,833 Restricted funds Big lottery fund - Power to change - CERT Foundation - Magic little grant - National lottery - England boxing - Children In Need - FCC Communities - Restricted fund 949,291 949,291 TOTAL FUNDS 1,231,124 |
Resources expended £ (248,352) - - - - - (248,352) - - - - - - - - (356,069) (356,069) (604,421) |
Gains and Movement losses in funds £ £ 16,716 50,197 (2,358) (2,358) (12,908) (12,908) (850) (850) (200) (200) (400) (400) - 33,481 (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) 204,182 797,404 - 593,222 - 626,703 |
|---|---|---|
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
Page 17
Fusion Health and Well Being
Detailed Statement of Financial Activities for the Year Ended 31 August 2024
| Detailed Statement of Financial Activities for the Year Ended 31 August 2024 |
||
|---|---|---|
| 31.8.24 | 31.8.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | - | 1,969 |
| Grants | 238,026 | 830,313 |
| 238,026 | 832,282 | |
| Other trading activities | ||
| Fundraising events | 11,275 | 9,516 |
| Other income | ||
| Session fees | 58,466 | 41,304 |
| Rent received | 15,880 | 12,736 |
| Hub income | 6,286 | 5,353 |
| 80,632 | 59,393 | |
| Total incoming resources | 329,933 | 901,191 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 183,148 | 140,786 |
| Social security | 14,749 | 4,513 |
| Pensions | 1,108 | 2,065 |
| Insurance | 5,110 | 4,050 |
| Rates, light and heat | 2,602 | 3,777 |
| Telephone | 895 | 729 |
| Post,stationary and adverts | 8,854 | 3,694 |
| Sundries | 1,202 | 1,955 |
| Refreshments | 7,812 | 7,641 |
| Shows and presentations | 11,965 | 7,000 |
| Motor and travelling | 6,075 | 5,249 |
| Education and activities | 3,530 | - |
| Clothing | 4,719 | 3,390 |
| Equipment | 4,335 | 827 |
| Repairs and renewals | 13,737 | 19,207 |
| Website and computer costs | 5,446 | 6,352 |
| Accountancy fees | 2,016 | 1,920 |
| Training and consultancy costs | 20,088 | 5,691 |
| Professional fees | 2,809 | - |
| Depreciation | 57,215 | 26,304 |
| Profit on sale tangible fixed assets | (1,500) | (1,380) |
| 355,915 | 243,770 | |
| Other | ||
| Hire purchase | 1,777 | 296 |
This page does not form part of the statutory financial statements
Page 18
Fusion Health and Well Being
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 August 2024 | ||
| 31.8.24 | 31.8.23 | |
| £ | £ | |
| Support costs | ||
| Finance | ||
| Bank charges | 2,172 | 491 |
| Total resources expended | 359,864 | 244,557 |
| Net (expenditure)/income | (29,931) | 656,634 |
This page does not form part of the statutory financial statements
Page 19