FUSION21 FOUNDATION

Charity number: 1164818
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The charity's primary objective is to tackle social and economic exclusion, supporting geographical economics and local residents within these areas to obtain social wellbeing and enhance quality of life.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£12,463,945

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Donations and legacies £4.79k
Charitable activities £0
Other trading activities £12.19m
Investments £265.06k
Other £0

Total expenditure:
£7,854,095

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Raising funds £6.31m
Charitable activities £1.51m
Other £33.05k

£326,791 investments gains (losses)

Total income includes £4,791 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £6.34m
Charitable expenditure £1.51m
Retained for future use £4.61m

People

72 Employee(s)

6 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 6
£70k to £80k 3
£80k to £90k 2
£90k to £100k 1
£110k to £120k 2
£140k to £150k 1
£150k to £200k 2

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Economic/community Development/employment
Who the charity helps:
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Other Finance
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 11 December 2015: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
07998339 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

6 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
CHRISTOPHER EDWARD CORNELIUS MURRAY Chair 15 January 2016
None on record
Anne Taylor Trustee 12 December 2019
None on record
Claire Baxter Trustee 14 March 2019
None on record
Edward LIVESEY Trustee 21 January 2019
None on record
Andrea ASTBURY Trustee 21 January 2019
None on record
Tony CAHILL Trustee 21 January 2019
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £6.57m £6.14m £7.08m £8.51m £12.46m
Total expenditure £3.74m £4.80m £5.48m £7.38m £7.85m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A £4.79k
Income - Donations and legacies £0 £0 £0 £0 £4.79k
Income - Other trading activities £6.54m £6.12m £7.00m £8.41m £12.19m
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £12.27k £7.58k £435 £35.06k £265.06k
Income - Other £20.83k £15.58k £79.81k £72.43k £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £180.94k £573.98k £498.63k £1.47m £1.51m
Expenditure - Raising funds £3.36m £3.90m £4.98m £5.91m £6.31m
Expenditure - Governance £24.54k £16.86k £0 £0 £34.63k
Expenditure - Grants institution £99.13k £518.42k £334.56k £415.46k £1.38m
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £196.20k £327.17k £0 £0 £33.05k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £1.01m £1.78m £1.92m £977.18k £1.19m
Long-term investments £644.90k £437.21k £409.10k £3.20m £10.25m
Other assets £8.68m £10.68m £12.17m £11.30m £8.91m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £1.51m £1.96m £1.74m £1.67m £1.79m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 19 December 2024 On Time
Accounts and TAR 31 March 2024 19 December 2024 On Time Download Open in new window
Annual return 31 March 2023 31 January 2024 On Time
Accounts and TAR 31 March 2023 31 January 2024 On Time Download Open in new window
Annual return 31 March 2022 12 January 2023 On Time
Accounts and TAR 31 March 2022 12 January 2023 On Time Download Open in new window
Annual return 31 March 2021 07 January 2022 On Time
Accounts and TAR 31 March 2021 07 January 2022 On Time Download Open in new window
Annual return 31 March 2020 12 January 2021 On Time
Accounts and TAR 31 March 2020 12 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 04 MAR 2014

Charitable objects

(1) THE ADVANCEMENT OF CITIZENSHIP AND COMMUNITY DEVELOPMENT FOR THE BENEFIT OF THE PUBLIC BY THE PROMOTION OF URBAN AND RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION BY ALL OR ANY OF THE FOLLOWING MEANS (A) THE RELIEF OF FINANCIAL HARDSHIP, (B) THE RELIEF OF UNEMPLOYMENT, (C) THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE AND OFFENDERS, AND PROVIDING UNEMPLOYED PEOPLE AND OFFENDERS WITH EXPERIENCE, (D) THE PROVISION OF FINANCIAL ASSISTANCE, TECHNICAL ASSISTANCE OR BUSINESS ADVICE OR CONSULTANCY IN ORDER TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES FOR UNEMPLOYED PEOPLE IN CASES OF FINANCIAL OR OTHER CHARITABLE NEED THROUGH HELP (I) IN SETTING UP THEIR OWN BUSINESS, OR (II) TO EXISTING BUSINESSES, (E) THE CREATION OF TRAINING AND EMPLOYMENT OPPORTUNITIES BY THE PROVISION OF WORKSPACE, BUILDINGS, AND/OR LAND FOR USE ON FAVOURABLE TERMS, (F) THE IMPROVEMENT OF HOUSING IN THE PUBLIC SECTOR OR IN CHARITABLE OWNERSHIP PROVIDED THAT SUCH POWER SHALL NOT EXTEND TO RELIEVING ANY LOCAL AUTHORITIES OR OTHER BODIES OF A STATUTORY DUTY TO PROVIDE OR IMPROVE HOUSING, (G) THE PROTECTION OR CONSERVATION OF THE ENVIRONMENT, (H) THE ADVANCEMENT OF EDUCATION IN THE USE OF INFORMATION TECHNOLOGY BY THE PROVISION OF FACILITIES AND RESOURCES IN PARTICULAR FOR THOSE WHO BY VIRTUE OF THEIR AGE OR SOCIAL OR ECONOMIC CIRCUMSTANCES WOULD NOT HAVE OTHERWISE HAVE ACCESS TO INFORMATION TECHNOLOGY, (I) THE PROMOTION OF SOCIAL INCLUSION BY PREVENTING PEOPLE FROM BECOMING SOCIALLY EXCLUDED, RELIEVING THE NEEDS OF THOSE PEOPLE WHO ARE SOCIALLY EXCLUDED AND ASSISTING THEM TO INTEGRATE INTO SOCIETY (?SOCIALLY EXCLUDED? MEANS BEING EXCLUDED FROM SOCIETY, OR PARTS OF SOCIETY, AS A RESULT OF ONE OF MORE OF THE FOLLOWING FACTORS: UNEMPLOYMENT; FINANCIAL HARDSHIP; YOUTH OR OLD AGE; ILL HEALTH (PHYSICAL OR MENTAL); SUBSTANCE ABUSE OR DEPENDENCY INCLUDING ALCOHOL AND DRUGS; DISCRIMINATION ON THE GROUNDS OF SEX, RACE, DISABILITY, ETHNIC ORIGIN, RELIGION, BELIEF, CREED, SEXUAL ORIENTATION OR GENDER RE-ASSIGNMENT; POOR EDUCATIONAL OR SKILLS ATTAINMENT; RELATIONSHIP AND FAMILY BREAKDOWN; POOR HOUSING (THAT IS HOUSING THAT DOES NOT MEET BASIC HABITABLE STANDARDS; CRIME (EITHER AS A VICTIM OF CRIME OR AS AN OFFENDER REHABILITATING INTO SOCIETY)), (J) SUCH OTHER MEANS AS MAY FROM TIME TO TIME BE DETERMINED SUBJECT TO THE PRIOR WRITTEN CONSENT OF THE CHARITY COMMISSIONERS FOR ENGLAND AND WALES

Contact information

Address:
Fusion 21
Kings Business Park
Kings Drive
PRESCOT
L34 1PJ
Phone:
01514813000
Email:
info@fusion21.co.uk
Website:

www.fusion21.co.uk Open in new window