FUSION21 FOUNDATION
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.
Financial health, per its FY2025 accounts
The accounts state that the group recorded a net surplus for the year of £5,348,220, with total carried forward funds of £23,904,771. Per the trustees' report, the charity is fully funded by its trading subsidiary and does not engage in fundraising activities. The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Total income relates predominantly to other trading activities which is generated mostly by the trading subsidiary, Fusion 21 Limited, through its procurement support work.” — page 44
“Deficit in scheme 163,212” — page 81
“The consolidated financial statements incorporate the results of Fusion21 Foundation (the parent charity) and its subsidiaries: Fusion21 Limited, Fusion21 Asset Management Limited, Fusion21 Trading Limited, and CoreHaus Ltd.” — page 60
Leadership, per the charity’s website
- Dave Neilson — Group Chief Executive
- Chris Murray — Group Chair
- Mark Chadwick — Group Executive Director
- Peter Francis — Group Executive Director
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- CHRISTOPHER EDWARD CORNELIUS MURRAYchair
- Andrea ASTBURY
- Andrea Purslow
- Anne Taylor
- Claire Baxter
- Edward LIVESEY
- Nicole Lee Kershaw
- Philip Pemberton
- Thomas James Wilde
- Tony CAHILL
- Wayne Christopher Gales
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £13.5m | £8.2m |
| 31/03/2024 | £12.5m | £7.9m |
| 31/03/2023 | £8.5m | £7.4m |
| 31/03/2022 | £7.1m | £5.5m |
| 31/03/2021 | £6.1m | £4.8m |
Common questions
Is FUSION21 FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the group recorded a net surplus for the year of £5,348,220, with total carried forward funds of £23,904,771. Per the trustees' report, the charity is fully funded by its trading subsidiary and does not engage in fundraising activities. The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by Mitchell Charlesworth (Audit) Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ASTRA FOUNDATION | 1 | £290k |
| HOLLYHOCK CHARITABLE FOUNDATION | 1 | £257k |
| THE BEATRICE LAING TRUST | 1 | £55k |
| CIVIC POWER FUND | 1 | £36k |
| MAGNIFY FOUNDATION | 1 | £30k |
| THE AIM FOUNDATION | 1 | £30k |
| THE JOSEPH RANK TRUST | 1 | £25k |
| THE FYRISH FOUNDATION | 1 | £22k |
Charities like this
- VINCI UK FOUNDATION
- The Places Foundation
- FAIR WAYS FOUNDATION
- BRIDGES IMPACT FOUNDATION
- ACTIVE FUSION
- GOOD FAITH FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FUSION21 FOUNDATION | £13.5m | — | — | unclear | — | no doubt |
| VINCI UK FOUNDATION | £277k | — | 0 | unclear | — | no doubt |
| The Places Foundation | £996k | — | 0 | above | — | no doubt |
| FAIR WAYS FOUNDATION | £581k | — | 0 | below | — | not going concern |
| BRIDGES IMPACT FOUNDATION | £1.1m | — | 0 | unclear | — | no doubt |
| ACTIVE FUSION | £680k | — | 0 | unclear | — | no doubt |