**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: 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 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