for the Period Ended 31 March 2025
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 2025 | 2024 | |
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| Turnover: |
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| Cost of sales: |
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| Administrative expenses: |
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(
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| Operating profit(or loss): |
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| Profit(or loss) before tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2025 | 2024 | |
|---|---|---|---|
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£ |
£ |
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| Current assets | |||
| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 3 |
(
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(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Accruals and deferred income: |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2025
Basis of measurement and preparation
for the Period Ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors |
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| Total |
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FUSE’s mission is to enable social entrepreneurs to get started, existing social enterprises to strengthen and grow, and for all to be sustainable for the benefit of both businesses and communities. Our key objectives are: 1. To stimulate the local social enterprise sector 2. To facilitate the right support at the right time for social enterprises and entrepreneurs 3. To grow and increase access to finance options for all stages of social enterprise 4. To work in partnership to create a diverse, inclusive and well connected community of social enterprises, charities, businesses and local authorities 5. To raise awareness of and champion the social enterprise model This year has seen the expansion of our work with continued work with Norwich City Council to deliver a support offer to social enterprises in Norwich. FUSE also continues to work with the Empowering Communities Partnership bringing key social enterprise insights and representation to a wider VCSE (Voluntary, Community and Social Enterprise) sector offer. Through these support offers we: supported more than 40 existing social enterprises supported 46 individuals towards starting their own social enterprise enabled 6 new social enterprises to register and start operating delivered training on a wide range of topics and peer support events to over 332 individuals supported social enterprises in Norwich to access over £200k in additional grant funding safeguarded 6 jobs offering a FTE of 4.2 created 18 new jobs offering a FTE of 9.41 FUSE is continuing to shape and influence locally having a tangible impact towards our aims of a more inclusive economy, sustainable enterprises and a fairer tomorrow.
FUSE has a wide range of stakeholders who are consulted and involved regularly in the development and delivery of our offer. We have formalised our network of social enterprises and this is always continuing to grow. There are multiple ways for them to engage with FUSE via events, workshops, 1:1 support, social media, newsletters and surveys. The board of non-executive directors has continued to meet quarterly to review reports, manage risk registers, set the strategic direction of FUSE and have final say and oversight of FUSE.
£28,994
No transfer of assets other than for full consideration
This report was approved by the board of directors on
10 December 2025
And signed on behalf of the board by:
Name: Willow Farrell
Status: Director