REGISTERED CHARITY NUMBER: 1153370
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2025
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 2025
| 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 | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
Fusion Health and Well Being
Report of the Trustees
for the Year Ended 31 August 2025
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. 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.
ACHIEVEMENTS 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 2025
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 FCA Xeinadin Humber Limited 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
Approved by order of the board of trustees on 21 May 2026 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 2025.
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 FCA
Xeinadin Humber Limited 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
21 May 2026
Page 3
Fusion Health and Well Being
Statement of Financial Activities
for the Year Ended 31 August 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 80,501 Other trading activities 3 9,233 Other income 114,746 Total 204,480 EXPENDITURE ON Charitable activities 4 Cost of charitable activities 272,994 Other 1,777 Total 274,771 NET INCOME/(EXPENDITURE) (70,291) RECONCILIATION OF FUNDS Total funds brought forward 105,941 TOTAL FUNDS CARRIED FORWARD 35,650 |
Restricted funds £ 197,376 - - 197,376 221,031 - 221,031 (23,655) 797,403 773,748 |
31.8.25 Total funds £ 277,877 9,233 114,746 401,856 494,025 1,777 495,802 (93,946) 903,344 809,398 |
31.8.24 Total funds £ 238,026 11,275 80,632 329,933 358,087 1,777 359,864 (29,931) 933,275 903,344 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Fusion Health and Well Being
Balance Sheet
31 August 2025
| 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 £ 46,539 7,758 82,865 90,623 (89,956) 667 47,206 (11,556) 35,650 |
Restricted funds £ 1,458,897 - 46,600 46,600 (731,749) (685,149) 773,748 - 773,748 |
31.8.25 Total funds £ 1,505,436 7,758 129,465 137,223 (821,705) (684,482) 820,954 (11,556) 809,398 35,650 773,748 809,398 |
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 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21 May 2026 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 2025
| 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 provided by/(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 |
31.8.25 £ 750,667 (1,777) 748,890 (742,268) - (742,268) 1,339 1,339 7,961 121,504 129,465 |
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 |
|---|---|---|
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 2025
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net expenditure 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 |
31.8.25 £ (93,946) 81,170 - 1,777 (2,622) 764,288 750,667 |
31.8.24 £ (29,931) 57,215 (1,500) 1,777 (690) 40,526 67,397 |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.9.24 | Cash flow | At 31.8.25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 121,504 | 7,961 | 129,465 |
| 121,504 | 7,961 | 129,465 | |
| Debt | |||
| Finance leases | (18,955) | (1,339) | (20,294) |
| (18,955) | (1,339) | (20,294) | |
| Total | 102,549 | 6,622 | 109,171 |
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 2025
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 2025
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Sports England National Lottery Fund North East Lincolnshire Council Groundwork UK Garfield Weston Foundation The Social Investment Fund Lincolnshire Community Fund Lisa Adams The Million Hours Funds KFC Hope Fund Green Energy Other grants 3. OTHER TRADING ACTIVITIES Fundraising events 4. CHARITABLE ACTIVITIES COSTS Direct Costs £ Cost of charitable activities 489,315 |
31.8.25 £ 31,950 245,927 277,877 31.8.25 £ 7,795 91,940 26,086 - 13,750 77,110 - - 19,058 2,500 5,000 2,688 245,927 31.8.25 £ 9,233 Support costs (see note 5) £ 4,710 |
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 Totals £ 494,025 |
continued...
Page 9
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
5. SUPPORT COSTS
| Finance | |
|---|---|
| £ | |
| Cost of charitable activities | 4,710 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
7. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Support and training staff |
31.8.25 £ 232,252 20,288 2,079 254,619 31.8.25 8 |
31.8.24 £ 183,148 14,749 1,108 |
|---|---|---|
| 199,005 | ||
| 31.8.24 11 |
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 86,550 Other trading activities 11,274 Other income 80,632 Total 178,456 EXPENDITURE ON Charitable activities Cost of charitable activities 107,520 Other 1,777 Total 109,297 NET INCOME/(EXPENDITURE) 69,159 |
Restricted funds £ 151,476 1 - 151,477 250,567 - 250,567 (99,090) |
Total funds £ 238,026 11,275 80,632 329,933 358,087 1,777 359,864 (29,931) |
|---|---|---|
continued...
Page 10
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ RECONCILIATION OF FUNDS Total funds brought forward 36,782 TOTAL FUNDS CARRIED FORWARD 105,941 9. TANGIBLE FIXED ASSETS Improvements to property £ COST At 1 September 2024 812,581 Additions 715,603 At 31 August 2025 1,528,184 DEPRECIATION At 1 September 2024 57,402 Charge for year 51,854 At 31 August 2025 109,256 NET BOOK VALUE At 31 August 2025 1,418,928 At 31 August 2024 755,179 Motor vehicles £ COST At 1 September 2024 30,490 Additions - At 31 August 2025 30,490 DEPRECIATION At 1 September 2024 12,863 Charge for year 6,098 At 31 August 2025 18,961 NET BOOK VALUE At 31 August 2025 11,529 At 31 August 2024 17,627 |
- continued Restricted funds £ 896,493 797,403 Plant and machinery £ 106,830 13,062 119,892 41,776 20,319 62,095 57,797 65,054 Computer equipment £ 4,613 - 4,613 1,796 800 2,596 2,017 2,817 |
Total funds £ 933,275 |
|
|---|---|---|---|
| 903,344 | |||
continued...
Page 11
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
| 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.25 £ Trade debtors 2,128 Prepayments 5,630 7,758 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.25 £ Hire purchase (see note 13) 8,738 Trade creditors 49,697 Taxation and social security 5,029 Other creditors 758,241 821,705 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.8.25 £ Hire purchase (see note 13) 11,556 13. LEASING AGREEMENTS Minimum lease payments under hire purchase fall due as follows: 31.8.25 £ Net obligations repayable: Within one year 8,738 Between one and five years 11,556 20,294 14. SECURED DEBTS The following secured debts are included within creditors: 31.8.25 £ Hire purchase contracts 20,294 Hire purchase contracts are secured against the assets to which they relate. |
31.8.24 £ 1,015 4,120 5,135 31.8.24 £ 5,211 3,234 3,853 41,592 |
31.8.24 £ 1,015 4,120 5,135 31.8.24 £ 5,211 3,234 3,853 41,592 |
|---|---|---|
| 53,890 | ||
| 31.8.24 £ 13,744 31.8.24 £ 5,211 13,744 18,955 31.8.24 £ 18,955 |
||
continued...
Page 12
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
15. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS 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 Restricted funds Restricted fund TOTAL FUNDS |
At 1.9.24 £ 105,941 797,403 903,344 Incoming resources £ 204,480 197,376 401,856 At 1.9.23 £ 36,782 896,493 933,275 |
Net movement At in funds 31.8.25 £ £ (70,291) 35,650 (23,655) 773,748 (93,946) 809,398 Resources Movement expended in funds £ £ (274,771) (70,291) (221,031) (23,655) (495,802) (93,946) Net movement At in funds 31.8.24 £ £ 69,159 105,941 (99,090) 797,403 (29,931) 903,344 |
|---|---|---|
continued...
Page 13
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 178,456 151,477 329,933 |
Resources Movement expended in funds £ £ (109,297) 69,159 (250,567) (99,090) (359,864) (29,931) |
Resources Movement expended in funds £ £ (109,297) 69,159 (250,567) (99,090) (359,864) (29,931) |
|---|---|---|---|
| (29,931) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1.9.23 £ 36,782 896,493 933,275 |
Net movement in funds £ (1,132) (122,745) (123,877) |
At 31.8.25 £ 35,650 773,748 |
|---|---|---|---|
| 809,398 |
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 Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 382,936 348,853 731,789 |
Resources Movement expended in funds £ £ (384,068) (1,132) (471,598) (122,745) (855,666) (123,877) |
Resources Movement expended in funds £ £ (384,068) (1,132) (471,598) (122,745) (855,666) (123,877) |
|---|---|---|---|
| (123,877) |
continued...
Page 14
Fusion Health and Well Being
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025.
Page 15
Fusion Health and Well Being
Detailed Statement of Financial Activities for the Year Ended 31 August 2025
| Detailed Statement of Financial Activities for the Year Ended 31 August 2025 |
||
|---|---|---|
| 31.8.25 | 31.8.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 31,950 | - |
| Grants | 245,927 | 238,026 |
| 277,877 | 238,026 | |
| Other trading activities | ||
| Fundraising events | 9,233 | 11,275 |
| Other income | ||
| Session fees | 89,613 | 58,466 |
| Rent received | 9,553 | 15,880 |
| Hub income | 5,960 | 6,286 |
| Pitch hire | 9,620 | - |
| 114,746 | 80,632 | |
| Total incoming resources | 401,856 | 329,933 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 232,252 | 183,148 |
| Social security | 20,288 | 14,749 |
| Pensions | 2,079 | 1,108 |
| Insurance | 9,382 | 5,110 |
| Rates, light and heat | 63,310 | 2,602 |
| Telephone | 798 | 895 |
| Post,stationary and adverts | 4,679 | 8,854 |
| Sundries | 2,373 | 1,202 |
| Refreshments | 5,536 | 7,812 |
| Shows and presentations | 8,076 | 11,965 |
| Motor and travelling | 4,386 | 6,075 |
| Education and activities | 6,017 | 3,530 |
| Clothing | 2,630 | 4,719 |
| Equipment | 6,224 | 4,335 |
| Repairs and renewals | 14,097 | 13,737 |
| Website and computer costs | 9,454 | 5,446 |
| Accountancy fees | 2,118 | 2,016 |
| Training and consultancy costs | 12,961 | 20,088 |
| Professional fees | 1,485 | 2,809 |
| Depreciation | 81,170 | 57,215 |
| Profit on sale tangible fixed assets | - | (1,500) |
| 489,315 | 355,915 | |
| Other | ||
| Hire purchase | 1,777 | 1,777 |
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 2025
| Detailed Statement of Financial Activities for the Year Ended 31 August 2025 |
||
|---|---|---|
| 31.8.25 | 31.8.24 | |
| £ | £ | |
| Support costs | ||
| Finance | ||
| Bank charges | 4,710 | 2,172 |
| Total resources expended | 495,802 | 359,864 |
| Net expenditure | (93,946) | (29,931) |
This page does not form part of the statutory financial statements
Page 17