Charity registratlon number 1087511 {England and Wales) Company registration number 04241324 WELCOME ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WELCOME LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Adam Darkes Mr John Elsegood Mr Mark Lewis Dr L Williams Mr Cairo Nickolls Charity numbér 1087511 Company number 04241324 Reglst6red offlce 2 Hlghlands Court Crdnmore Avenue Solihull England 890 4LE Audllor BK Plus Audit Limiled 2 Highlands Court Cranmore Avenu8 Solihull West Midlands B90 4LE CEO Sally Edwards
WELCOME CONTENTS Page Trustees, report Sta18m8nt of trustees, responsibilithes Independent auditor's report Statement of financlal activities Balance sh8et 10 Stalemenl of cash flows 11 Notes lo the finanGlal siatem8nts 12-24
WELCOME TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, who are also DItorS of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for Ihe yaar ended 31 March 2025. The Trustees have adopted the provisions of Accounting and Reporling by Charities: Slalement 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 1021 leff8Ctive 1 January 2019). Welcome Is a charitable company limited by guarantee. incorporated on 26 June 2001 and reglstered as a charlly on 13 July 2001. The comp8ny was established under 2 constitution, the governing documenl. which underllnes the company objectives, membershlp, aclivilies, meetings, and how the conslitutlon may be changed. In the evenl of the company belng wound up members are required to contribute an amount not exceading £10 each. The flnanclal statements have been prepared In accordance wlth the a¢¢ountlng policles set out in note 1 to tha flnanclal stat8menls and comply wlth the ¢h8rity's governing document, th8 Compan5es Act 2006, FRS 102 "The Flnanclal Reporting Standard applicable in Ihe UK and Republic of Ireland" and Ihe Charities SORP "Accounting and Reportlng by Chariti&s'. Slalement of Recommended Practice applicable to charities preparing their accounts In accordance with the Flnanclal Reporting Standard appllcable in the UK and Rapublic of Ireland (FRS 102)" Oblectlves and actlvltles Th8 charity's objectives are: a) to provlde open access and a single polnt of contact to a rang8 of drug and alcohol setvlces In Sollhull for those Indlvlduals whose Ilves are adversely affected by subglanco mlsuse. These servlces include not only thos8 who use subslanc8s, but also thelr friends and famlly (who are often also indlrectly affected),. bl to work in partnership to ensure a seamless servlce is provlded for Ihose accesslng treatment pathways In the borough of Solihull., c) to enable individuals to change thelr lives in a positive way through Ihe provision of support, advice, counselling and care co-ordlnation services, Signlficant actlvltles The Gharity's stakeholdérs have continuèd to benefit from Welcome's provision of servic8s as a member of tha SIAS (Solihull Integratéd Addiclion Services ) Partnership. Welcome employs the Singlé Point of Engagement (SPOE) team, which plays a Grilical role in welcoming and engaging cllenls into the service, carying out triage assessments b8fore allocating clients lo their Practitioner. The charity also employs a small team of Adult Treatment Practitioners, one of whom has Addilional Responsibility across the SIAS Partnershlp for18ading on Harm Reduclion and Needle Exchange Servlces. Welcome charity is Ihe SIAS Partnership lead in the provision of young persons, seNices, Including early intervention and prevention, trealment, and support for children affected by a family member's substance misuse (known as Hidden Hami). We employ two YP treatment Practilioners and Hldden Harm Praclltioners 8s well as a Hidden Hami Counsellor. Welcome also continues to act as Marketing Lead on behalf of the SIAS Partnership. adding content to its website and social media platforms, planning campaigns, networking and dellvering awareness sessions in the community. This work is crucial in ensuring everyone in Solihull who might banofit from the service is aware of it and that the service Is able to fully meet drug & alcohol treatmenl and recovery support needs in the Borough. Ouring this financlal year, Welcome has contlnued to have responsibility for managing th8 recovery servlcas Gommissloned within the SIAS Partnership. after another partner, Changes UK. which had delivered them prevlously declared itself Insolvent.
WELCOME TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Welcome Change CIC Welcome Change CIC, a subsidiary underlaking of Welcome charity. has continuèd lo provide opportunities for people who have recelved Ireatmenl and support through SIAS. as well as others with mental heallh issues or disadvantaged in sociely, lo volunteer, build skills and confidence and maka positive contributions in Ihe community. The CIC'S current enterprises indude a Community Centr8. 8 Community Garden and Iwo Community Hubs. ASmlng to 'Encourage Enterprise and Support Communities.. our work through Welcome Change CIC continues to support communities across East Birmingham including Shard End, Kitts GreenlLea Village, Tile Cross and Glebe Farm. Publlc benefit The Truslees are 8wara of the obligations of the charity, whlch are set out in the Guidance Issued by The Charities CommSssSon under the Companies Act 2006. They are confidant that the work of the charity in pursuil of Its objects Is dallvering Publlc 8onefit. The Truslees will Comply with the future reporting r8qulrements in this r8gard. Achievements and pérformance Flnanclal position The charity generated a net surplus of £13.627 (2024: £7.771) for the year ended 31 March 2025. The results for the year are shown on pag8 9. The charity has tolal funds of £437,005 12024: £423,378) al the year end, The Flnan¢ial position 81 the year end Is shown on page 10. Prlnclpal fundlng sources The princlpal funding source during the year ended 31 March 2025 continued to be from our programme delivery as a SIAS Partner which ensures our charitable activities are met. Resenies pollcy W8lcome is committed to maintaining a level of reseNes that is prudenl to meet ongoing liabilities, sufficient lo ensure that 811 service delivery commitments can be mel and to protect the long temi future of its operations. The policy seeks to balance Ihese priorlties by holding a level of reseeS sufficient to: ensure the availability of sufficient worklng funds in hand to ensurè that sp&nding commltmenls can be met and to provide a breathing space In case of unexpected loss of income: provid8 sufflclant funds for an orderly wind down In the event of a need to cease our actlvities. The charlty has total funds of £437,005 {2024: £423,378) at the year end. of which £13,702 Is restricted <2024: £14,319). Plans for futurè perlods The Board Is confident that Welcome remalns a strong organisation, with good reserves and r8silionce dorived from Its skilled and loyal staff team.
WELCOME TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management Governlng document The charlty Is controlled by Its governing document, a deed of trust, and constllutes a limited company, limlted by guarantee, as deflned by the Companles Act 2006. The trustees, who are also the dlrectors for the purpose of company law, and who seNed during the year and up to the date of slgnature of the financlal stalemenls were: Mr Adam Darkas Mr John Elsegood Mr Mark Lewis Dr L Williams Mr Cairo Nickolls Recrultment and appointment of new trustees Under the governing document members of the Board are elected to serve for three years after which they musl be re-elected at the next Annual Genaral Meellng. We regularly revlew Ihe skills of our current Board to ensure the charily has the appropriate level of Skill and expertise required to ensure it is effectively directed. If any ski51 gaps are identified we seek to recruit new Trustees from the communities we serve, wilh the necessary skills lo join the board. None of the trustees has any beneficial interest in the company. All of the truslees are members of the company and guarantee to Gontribule £1 in the event of a winding up. Organlsatlonal structure W81come has a Board of Tnjstees which meets six weekly. Day-lo-day responsibility rests with the CEO who is responsible for ensuring that the charity delivers the services specified and that seNlce level agreements are achieved. The CEO along with the Service Manager and Senior Praclilioner have responsibility for the operational management of the charity. staff supervlslon and ensuring the staff contlnue to develop Ihelr skills and working practlces In Ilne wlth good practlce, Inductlon and trainlng of new trustees Any potentlal new Trustees ar8 invited to vlslt the charity and Ils tradlng arm and expedence Ils full range of aclivltles in operatlon. Additionally, Trustees are kept abreast of ongoing work through a short presentallon at each Board meeting by a member of the Welcome team. Members of our exlstlng Board and any new Trustees undertake governance training and are Involved in an annual Away Day to facilitate discusslons surrounding slraleglc directson for Ihe charlty and CIC. Key management ramuneratlon The remuneration paid lo the Ch2riVs employees is reviewed annually. The pay is benchmarked agalnst Pay levels for othar roles with similar responsibilities elsewhere vlithin tha sector. Natlonal Drug Strategy Welcome is guided by both local and national drugs and alcohol lIcIes. The Government h85 a publlshed Drugs strategy and an Alcohol Strategy, but the lead responslbillly for commissioning drug and alcohol seNices rests with local authorities. Risk management The trustees have 8 duty lo identify and review the risks to which Ihe charity Is exposed and to ensure approprlale controls are In placa to provide reasonable assurance against fraud and error. Throughout tho year, effective control over expendlture has been maintalned so that our cash balance at the year end rèmains healthy. As part of our charlty's overall risk management, possible dangers to assels and future cash flows have been assessed and deetned to be under satisfactory control.
WELCOME TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Auditor The audltors, BK Plus Audlt Limited, will be proposed for re-appdnimént at the forthcomlng Annual General Meeting. Disclosure of informatlon to audltor Each of the truslees has confirmed that there is no infonnalion of which they are aware which is relevant to the audlt, but of which the audltor is unaware. They have further Gonflrmed that they hava taken approprlale sleps to Idéntlfy such relevant information and to establlsh that the auditor is aware of such infonTJation. The trustees, report was approved by the Board of Truslees. Dr L Willlams Trustee 17 December 2025
WELCOME STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the diredors of Welcome for tha purpose of comp8ny law. are responsible for preparing the Trustees, Report and the financial stalements in accordance with applicable law and United Kingdom AccoLtnting Standards (United Kingdom Generally AG¢epled Accounting Praclicel. Company Law requires the trustees to prepare financial stslement5 for each financlal year which give a true 2nd fair view of the stale of affairs of the charity and of the Incomlng res1rCeS and application of resotjrces, includlng the Income and expenditure, of tha charitable company for that year. In preparing these financlal statements, the trustees are requlred lo- select suitable accounting polides and Ihen apply them conslstently. observe the methods and prlnclples In the Charltles SORP; make judgements and astlmates that are reasonable and prud8nt' state whether applicable UK Accounting Standards have been followed, sublecl to any materlal departures disclosed and exp5ained in the flnanGial statemanls. and prepare the flnancial statements on th8 going cAJncern basis unless It Is Inapproprlate lo presume that the charfty wlll continu8 in operatlon. The trustees are responsible for keeplng adequate accounling records thal disclose wlth reasonable accuracy 8t any time the financial posillon of the tharity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also r8sponsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deleclion of fraud and other irregularilles, In so far as the Trustees are aware: there Is no r818vanl audit information ofwhich Ihe charilable company's auditors are unaware., and Iha trustees have 18ken all steps that they ought lo hav8 taken to make themselves aware of any relevant audlt Informatlon and to establlsh that th8 auditors are aware of that infomation. Company law requires the truslees to prepare fin8ncl81 statements for each financlal year which give a true and fair view of the state of affairs of the charity and of Ihe Incoming resources and application of resources, includlng the Income and expenditure, of the charitsble company for that year. In preparing these financlal statements, the trustees are required to: select suitable accounllng policies and Ihen apply ihem consistently: observe the methods and princlples in the Charities SORP- make judgements and estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slalements. and prepare the financlal slatemenls on the going conrn basis unless it is inappropriate to presume that the charily wlll continue in operation. The trustees are responsible for keeping adequale accounting records that disdose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial slalements comply with the Companles Act 2006. They are also responsible for safeguarding the assets of th8 charity and heno for taking reasonable steps for the prevention and detection of fraud and other Irregularities.
WELCOME INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WELCOME Oplnion We have audited the financial statements of Welcom8 (the 'charity') for the year ended 31 March 2025 which comprise the stalemenl of flnanclal activltles, the balance sheet, the statement of cash flows and notes lo the flnanclal statements, Including significant accounting polias. The financial reporting framework th2t h88 been applied In their preparalion is applicable law and United Kingdom Accounting Standards, Includlng Flnancial Reporting Standard 102 The Financial Reporting Standard applicabl6 in lh8 UK 8nd Republic of Iraland (United Klngdom Generally Accepted Accounting Practice). In our opinion, th8 financial statements". giva a trua and fair vlew of the state of the charitable company's affairs as al 31 March 2025 and of its incomlng resourc8s and application of resources, includlng Its incom8 and expenditure. for the year then ended: have been propedy prepared in accordance wilh United Kingdom Generally Accepted Accounting PractlC8,' and have been prepared in accordance with the requirements of the Companios Act 2006. Basis for opinlon We conducted our audit in accordance with Internalional Slandards on Auditing (UK) (ISAS {UK)) and appllcable law. Our responsibililles under those slandards are further described in the Audilors responsibilities for lh8 audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are rel6vant lo our audit of Ihe financlal slalements in the UK, including the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilities in accordance with these requlremenls. We belleve that the audit evidence we have obtained Is sufficlent and appropriate to provide 8 basls for our opinlon. Conclu8ion8 relatlng to golng concem In 8udltlng the flnancial statements, we have concluded that the twsle8s' use of th8 going concern basis of accounting in the preparation of the finan(aal statements is appropriate. Based on the work we hav8 performed, we have not identified any material unc8rtalntles relatlng to avenls or ¢ondltlons that, individually or collectively, may cast slgnlficanl doubt on the charity's abillty to contlnue as a golng concern for a perlod of al least twelve months from when Ihe financlal sialements are authoris8d for issu8. Our responslbllllies and the respon8ibililies of the trustees wlh respect to going conc8rn are described In the r81evanl sectlons of thls r8F)Ort. other Informatlon The oth8r information comprises the Informatlon Included In the annual report other than the flnandal slalements and our audllor's report Ihereon. The trustees are responslble for Ihe other informalion contained within the annual report. Our oplnlon on the flnanclal statemants d08s not cover tho other informallon and, except to the ext8nt oth8Mlse explicitly stated in our report. we do not express any form of assurance concluslon thereon. Our responsibility is to read the other information and, in doing so. consider whether the othar infomialion is materially inconslstent with tha financial statements or our knowledge obtained in the course of the audit. or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this glves rise lo a material misstatement in Ihe financial slatements themselvas. If, based on the work we have performed. we conclude that there is a material misstalement of Ihis other Information, we are requlred to report that fact. W8 have nolhing to report in thls regard. Oplnions on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit: the information given in the trustees. report for the financial year for which Ihe financial statements are prepared, which inGludes the direGtors' rert prepared for the purposes of company law, Is Gonsislenl wllh Ihe financlal stalemenls., and the diréctors, réport included within the truslees, report has been prepared In accordance wilh appllcable legal requlrements.
WELCOME INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WELCOME Matters on which we are required to report by exception In the Ilght of the knowledge and underslanding of the charlty and Its environment obtained in the course of the audlt, we havè not identified material mlsstatements in the directors, report included within the trustees, report. We have nolhSng to reporl in respect of the followlng matters In relallon to which the Companles Act 2006 requires US to report to you If, In our opinion.. adequate accounting records have not been kopt, or returns adequate for our audit have not been recelved from branches not visited by us., or tha financlal statements ara not In agreement with the accountlng records and returns. or certain disclosures of trustees, remuneration specifi8d by law are not made; or we have not received all the infonnation and explanations we require for our audit,, or the Injslees w6re not entitled lo prepare the financial statements in accordance with the small companies regime and take advantage of the small companias, exemplions in preparing the Irustees, report and from the requirement to prepare a strategic report. Re3ponsibilltles of trustees As explained more fully In the statement of Iruslees, responsibillties. the trustees. who are also the directors of Ihe charity for the purpose of company law, are responsible for Ihe preparation of the flnanclal statements and for being satisfled that they glve a true and falr view, and for such internal control as the trustees delermlne is necessary lo enable the preparatlon of flnancial statements th8t are free from materlal misslatemenl, whether due lo fraud or error. In preparlng the financial statements, the Irustees are responsible for assessing the charSly's abilily lo contSnue as a going Concern, dlsclosing, as appllcable, malters related lo going concern and using the golng concern basls of accounting unless the trusteas either Intend lo liquidate th8 charllable company or lo cease operallons, or have no reallstic allernative bul to do so. Auditor's responsibilities for the audlt of the flnanclal statements Our oblectlves are to oblaln reasonabl8 assurance about whether the financlal stalements as a whole are fr8e from material mSsstatement, whether due lo fraud or error. and to Issue an auditor's report that includes our oplnlon. R88sonable assurance Is a hSgh level of assurance bul Is not a guarantee that an audit conducted in accordance wlth ISAS (UK) wlll always detect a material mlsstalem8nt when It exlsts. Misstatements can arise from fraud or 8rror and are considered malerlal If, Indlvidually or in the aggregate. they could reasonably b8 8xpecled to influence the economic decislons of users tak8n on Ihe basis of these financial statements. Th8 exlanl to whlch our procedur8s are capable of detecting irregularitles, Including fraud, is d8talled below. Enqulry of management, those charged wllh governance around actual and potential litlgallon and claims; Enquiry of entity staff to idenllfy any instances of non-compllance wlth laws and regulations; RevSewlng financial statemenl disclosur8s and testing to supporting documentation to assess compliance wllh applicable laws and regulations. Performing audlt work over the rlsk of manag8m8nt overrlde of controls, Includlng testing of joumal entrias and other adjustm6nls for approprlateness, evaluating the business rallonale of significanl transactions outslde the normal course of business and r8viewin9 accounting eslimales for bias. Perfomilng audit work over the risk of understatement of income including subslanliv8 tesling and obtaining corroborated explanations from Management. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, Snduding tho88 leading to a material misslalement in th8 financial statements or non-compllance with regulatlon. The risk is also grealer regarding Irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A furthèr description of our responsibilities is available on the Financial Reporting Council's website at: https:11 www.frc.org.uklauditorsresponsibililies. This description forms part of our auditols report.
WELCOME INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WELCOME Use of our report This report is made solely to the charitable comparly's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so Ihat we might state to the charitable company's members those matters we are requSred to state to them in an auditor's report and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responslbility lo anyone other than the charitable company and the charltable company's members as a body, for our audit work. for this report, or for the opinlons we have fomied. E/cPI ,4uJ,/ 2 Paul Mannion FCCA, FCA (Senior Statutory Auditor) For and on behalf of BK Plus Audit Limited, Statutory Auditor Chartered Certified Accountants 2 Hlghlands Court Cranmor8 Avenue Solihull Wesl Midlands B90 4LE 17 December 2025
WELCOME STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donatlons and legacies Charltable actlvities Inv8Stmenls 380 911,283 8,007 380 922,937 8,007 10 604.933 1,986 10 613.823 1,986 11,654 8,890 Total Income 919.670 11,654 931,324 606.929 8,890 615,819 Expenditure on: Charitable activities 905,426 12.271 917,697 598.752 9,296 608,048 Total expenditure 905,426 12.271 917,697 598,752 9,296 608,048 Net Incom81(8XP8ndltur•) and movement in funds 14,244 (617) 13,627 8,177 1406) 7,771 Re¢onclllatlon of funds: Fund balances al 1 April 2024 409,059 14,319 423,378 400,882 14,725 415,607 Fund balances at 31 March 2025 423,303 13,702 437,005 409,059 14,319 423,378 The statement of financial acllvities includes all galns and losses recognised In Ihe year. All income and expenditure derive from continuing activities.
WELCOME BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 13 25.739 10,213 Current assets Debtors Cash al bank and in hand 14 35,286 498,257 12,368 485,598 533,543 497,966 Credltors: amounls falllng due withln on8 year 15 (122,277) (84,801) Net current assets 411.266 413.165 Total assets less current Ilabilities 437,005 423.378 The funds of the charity Restricted Income funds Unrestrlcted funds 18 19 13,702 423,303 14,319 409,059 437.005 423,378 The financial statements were approved by the trustees on 17 December 2025 Dr L Williams Trustee Company regislralion number 04241324 (England and Wales) 10-
WELCOME STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng activities Cash generated from operations 24 40,663 27,951 Inv8Stlng actlvlties Purchase of tangible flxed assets Invastm8nt income réc6ived (26,290) 1,986 Net cash (used in)Ig8nerated from Investing actlvltles (26.283) 1,986 Financing aclivittes Subsldiary Loan {1,721) (673) Net cash used In flnanclng activities (1,721) (673) Net increase In cash and Gash 8qulvalents 12,659 29,264 Cash and Cash equlvalents al beglnnlng of year 485,598 456,334 Cash and cash equivalents at end of year 498.257 485,598 11
WELCOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charlty Informallon Welcome is a private company limited by guarantee incorporated in England and Wales. The registered office is 2 Highlands Court, Cranmore Avenue. Solihull, B90 4LE, England. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charlties SORP 'ACUntIng and Reporting by Charilies: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reportlng Standard appllcable In the UK and Républlc of Ireland (FRS 102). The charity Is a Publlc Benefit Entity as dafinaé by FRS 102. The flnancial slatemenls are prepared In sterling. whlch Is Ihe functional currency of the chBrity. Monetary amounts in these flnanGlal slatements are roundod to the noarest £. The flnanclal statements have been prepared under the hlstorical cost conventlon. The princip818ccountlng pollcleB adopted are set out below. Preparatlon of consolldated flnanclal statements The financlal slalemenls contain information aboul Welcom8 as an individual company and do not contain consolidated financial infomiatlon as the parent of a group. The charlty Is exempl under Sectlon 399(2A) of Ihe Companl8s Act 2006 from th8 r8quirements to prepare consolidated financial statements. 1.2 Golng con¢em At the tSme of approvlng the flnanclal slatements, the tntst88s hav8 8 reasonab18 8XP8Ctation that th8 charity has adequate r8sources lo continue in operational 8xlstence for the foreseeable future. Thus the trustees contlnue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitabla funds UnrestrScled funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Restrlcted funds are subjed to specific condltlons by donors or grantors as to how they may be used. The purposes and uses of the restrlcted funds ar8 set out In th8 notes to the financial statements. 1.4 Income Income is recognised when the charlty is legally entitled lo il after any perfomiance conditions have been met, the amounts can be measured reliably, and il is probable thal income will be received. Cash donations are recognised on receipt. other donallons are reGognlsed On the Gharlty has been notlfled of the donallon, unless performanc8 conditions require deferral of the amount. Income tax recovarabla in relation to donations recelved under Glfl Aid or deeds of covenant is recognised at the lime of the donation, Legacies are recognised on receipt or otherwtse if the charity has been notified of ar) impending dislribullon. the amount is known. and receipl is expected. If Ihe amount is not known. the legacy is treated 88 a contingent asset. Ratail income including income from clothing and other items donaled for resale through the ch8rity shops are ncluded in income from other trading activities vthen the &qle takes place. 12-
WELCOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies (Continued) 1.5 Expenditure Expenditure Ss recognised once there is a legal or constructive obligation to Iransfer economlc benefit lo a Ihird party, it is probable Ihal a transfer of economic benefits will b8 r8quired In selllement, and Ihe amounl of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of Ihe total of direct costs and shared costs, including support costs involvad in undertaking each aclivity. Direct costs atlrlbulabl8 to a single activity ara allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributabl6 to a single activily are apportioned belween those activities on a basls consislenl with the use of resources. Central staff cosls are allocated on the basis of time spent, and depreciation charges are allocated on the portion of th8 asset's use. 1.6 Tangible fixed assels Tangible fixed assets are Inltially m8asured at cost and subsequenuy m8asured al cost or valuation, net of depreciatlon and any impainnent losses. Depreciation is re¢ognised so as lo write off th8 Cost or valuatlon of assets less their resldual values over thelr useful lives on Ihe following bases: Fixtures and flttlngs Furnlture and Compuler equlpm8nt Motor vehic188 150 stralght lin8 200A straight line 250h on reduclng balance The gain or loss arising on the disposal of an assel Is determined as the difference between the sale proceeds and th8 carrylng value of tha asset, and is recognised in the slatement of financial activiti8S. 1.7 Impalrmenl of fixed assets At each r8POrting end data, the charity reviews the carWng amounts of its tangible assets to delermlne whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine Ihe exlenl of the Impairment loss (If any). 1.8 Cash and cash equlvalents Cash and cash equivalents Includa cash In hand, deposlts held at call with banks, other short-18rm liquid Investments wllh original maturlties of Ihree months or less, and bank overdrafts. Bank overdrafts are shown wlthln borrowlngs In current liabilities. 1.9 Flnancial Instruments The charity has elected to apply the provisions of Section 11 'BasiG Financlal Instruments, and Section 12 'Other Flnancl21 Instruments Issues. of FRS 102 to all of its fin8ncial Inslrumenls. Flnanclal instruments are recognised In Ihe charity's balance sheet when the charlly b8com8s party to the contractual provisions of the Instrument. Financlal ass81s and liabilities are offsel. wilh th8 net amounts presented in the financial stalements, when there is a legally enforceable rlghl to set off the recognised amunts and Ihere is an IntenlSon to $8tll8 on a net bas18 or to realise the asset and settle the liability sSmultaneously. 13-
WELCOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Contlnuedl Baslc flnanclal assets Basic financial assets, which Include dabtors and cash and bank balances, are Inltially measured at transacllon prlce including transaction cosls and ar8 subsequently carried at amortised cost uslng Ihe effective interest method unless the arrangement conslltules a financing transaction. where the transaction Is measured al the pr6sant value of the future receipts discounted al a market ral& of interest. Flnanclal assets Glassified as receivable within one year are not amortised. Basic flnanclal liabllities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price un18SS the arrangement conslilutes a financing transaction, where the debt inslrument is measured al the present value of Ihe future payments discounted al a market rale of interest. Financial liabillties classified as payabla withln one year are not amortised. Debt instrum8nls are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounls payable are ¢18ssified as ¢urrenl liabilities if payment Is due wilhln one year or less. If not, they are presented as non-current liabilities. Trade creditors ara recognised initially at transaction price and subsequently measured at amortised cost using the effective Interest method. Derecognltlon of flnanclal liabilities Flnanclal liabllities are derecognlsed when the charity's contractual obllgations expire or are dlscharged or cancelled. 1.10 Taxation The charity Ss exempt from corporation tax on its charllab18 activities. 1.11 Employee benefits The cosl of any unused holiday entltlement Is recognlsed in th8 perfod In 1¢h the employee's servlces are reIVed. Tarminalion benefits are recognised immedlately as an expense when the charlly Is d8monstrably committed to terminate the employment of an 8mploy88 or lo provlde termlnallon ban8fils. 1.12 Retlrement beneflts Payments ta defined contribullon rellrem8nt b8n6fit schemes are charged as an expensa as they fall due. 1.13 Grants Grants are credlled lo deferred income. Grants towards capital expendilure are rél8ased to the profit and loss account over the expecl8d useful life of Ihe asset. Granls toward5 revenue expenditure ar8 released to the profit and loss account as the related expenditure is Incurred. Crltlcal accounling estimates and judgements In the applicallon of th8 charitWs accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical exper¢enco and other factors that are considerad to be relevant. Actual results may differ from these estimates, Tha estimates and underlying assumptions are reviewed on an ongoing basis. Rewslons to accounllnu estimales are recognised in the period in which the estimate is revised wh8re Ihe revision affects only that period, or In the period of lh6 revision and future periods where the revision affeGts both current and fulure pariods. 14-
WELCOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies Unrestricted funds 2025 Unrestricted funds 2024 Donations and gifts 380 10 Incom8 from charltable actlvltles Unreslrfcted Restrlcted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 SIAS Ch8rilable income 911,283 911,283 604.933 604,933 Other Funds Charitable incom8 4,443 4,443 Angling trust Charitab18 incom8 254 254 847 847 Willlam A Cadbury Trust Charltable income 6,957 6,957 8.043 8,043 911.283 11,654 922,937 604,933 8,890 613,823 Income from Investments Unrestrictad Unrestricted funds funds 2025 2024 Interest receivable 8,007 1,986 15-
WELCOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities SIAS Active Other Funds Cltlzens Angling William A Trust Cadbury Trust 2025 Total 2025 2025 2025 2025 2025 Dlrect costs Staff costs Depraciation and impalrmenl Insurance Advertising SIAS direct costs Womens I famlly group I actlvllies Needle exchanga Repairs and renewals Travelllng Motor expenses L8gal & professional T81ephone Computer Costs Equipment rental Postage and stationery Subscriptions other charitable expendilure 602,087 4,443 6,957 613,487 9,308 11,585 23,356 35,872 303 9,611 11,585 23,356 36,440 568 6,306 11,790 4,372 4,321 4,415 18,077 9,045 19,862 1,888 1.364 4,430 6,306 11,790 4,372 4,321 4,415 18,077 9.045 19,862 1,888 1,364 4,430 13.122 13,122 781,200 303 4.443 568 6,957 793,471 Share of support and governance costs {see note 8) Support 115,646 Governance 8,580 115,646 8,580 905,426 303 4,443 568 6,957 917,697 Analysls by fund Unrestricted funds Restricted funds 905,426 905,426 12,271 303 4.443 568 6,957 905,426 303 4.443 6,957 917,697 16-
WELCOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charltable actlvities {Contlnued) Pr8vlous year: SIAS Active Cltlzens Angllng Wllllam A Trust Cadbury Trust 2024 Total 2024 2024 2024 2024 Dlrect costs Staff costs Depreciation and impalrmenl InsuranGe Advertlslng SIAS direct costs Womens I family group l activities Needle exchange Repalrs and renewals Travelllng Motor expenses Legal & professional Telephone Computer costs Equlpment rental Postage and stationery Subscriptions other charitable expenditure 382,100 6.699 6,681 14,843 8.915 3,029 12,726 2,830 5,442 4.668 3.595 5.241 12,753 1,596 1,242 3,819 11.212 7,666 389,766 7,104 6,681 14,843 9,344 3,029 12,726 2,830 5,753 4,668 3,595 5,241 12,753 1,596 1,242 4,384 11,212 405 369 114 197 365 180 487.451 405 8,043 496,747 Share of support and govemance costs (see note 81 Support 103,201 Governance 8,100 103,201 8,100 598,752 405 848 8,043 608,048 Analysis by fund UnreslrlGted funds Restricted funds 598.752 598,752 9,296 405 8,043 598,752 405 848 8,043 608,048 17-
WELCOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Description of charltabl8 actlvlt5es SIAS Solihull Integrated Addiction Service Welcome remains the SIAS Partnership lead in the provision of young persons, services, including earty InteNention and prevenllon, treatment, and support for children affected by a famlly member's substance misuse (known as Hidden Harm). We employ iwo Young Person treatmènl Practitioners and a Hldden Harm Practitioner as well as a Hidden Harm Counsellor. BBC Children in Need Grant Funding lo provide support to young people affected by parental drug and alcohol misuse, Through taklng part In various activities the young people will be more confidenl, reslll&nl and able to mak8 more informad life cholces. Active Citizens Funding towards supportlng a moblle platfom from whlch the charity can provlde support to young people affected by parental drug and alcohol misuse. Through engaging wlth Ihe mobile platform in various activities, th& young people wlll become more confident in engaging with the ¢harlly. Angllng Trusl Grant Funding to provide angling facilities to Increase opporiunities for mental health, addictions.women's sport and disability sport. Funding to employee the seNSces of a counsellor Support costs allocated to actlvltles 2025 2024 staff costs Depreciation Insur8nce Repairs and renewals Travelllng and motor Training and recruilment Telephone Computer costs Equipment renlal Post and statlonery Subscriptions, sundy and bank charges Gov6rnanca costs 104,929 1,153 1,562 525 1,048 829 1,085 2,383 227 90,592 1,053 1,798 565 2,021 1,795 1,048 2,551 319 248 1.211 8,100 1,741 8,580 124.226 111,301 Analysed between: SIAS 124,226 111,301 18-
WELCOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Nel movement in funds 2025 2024 The net movemanl in funds Is slated after chargingl<¢rediting)'. Fees payable for the audit of the charlty's flnanclal statements Depreciation of ownéd tangible flxed assets 8,580 10,764 8,100 8,157 10 Trustees None of the trustees {or any persons conn8Cted with thom) recelved any remuneralion or benefils from the charlly durlng the year. l Employ88S Th8 averag8 monthly number of employees durlng the yaar was". 2025 Number 2024 Number Counselling staff Adm5nlstratlon 25 15 Total 28 18 Employment costs 2025 2024 Wages and salaries Social securlly Gosls Other pension Costs 638,204 46,454 33,758 429,272 25,984 25,102 718,416 480.358 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: 2025 2024 Aggregate compensation 55,074 51,782 12 Taxation The charity is exempt from laxation on its activlties because all its income is applied for charitable purposes. 19-
WELCOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tangible fixed assets Fixtures and Furniturè and Ilttlngs Computer equlpment Motor vehl¢las Total Cost At 1 April 2024 Additions Dlsposals 9,418 89,481 26,290 {45,396) 9,225 108.124 26,290 (45,396) At 31 March 2025 9,418 70,375 9,225 89,018 Depreclatlon and Impairnient Al 1 April 2024 Depraciation Charged In the year Ellminated In respect of disposals 9.418 81.577 10.186 {45,396) 6,916 578 97,911 10,764 (45,396) Al 31 March 2025 9.418 46,367 7,494 63,279 Carrying amount At 31 March 2025 24.008 1,731 25,739 At 31 March 2024 7,904 2,309 10,213 14 Debtors 2025 2024 Amounts falllng due within one yaar: Other debtors Prepaymenls and accrued income 3,554 31,732 3,555 8,813 35,286 12,368 Is Credllors: amounts falling duo wlthln one year 2025 2024 Notes Other taxation and soclal s8curlty Deferred income Trade creditors Amounts owed to fellow group undertakings Olher creditors Accruals 10,830 54,830 5,198 3,750 11,136 36,533 15,522 26,597 12,924 5,471 1,973 22,314 16 122,277 84,801 -20-
WELCOME NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Deferred Income 2025 2024 Other deferred income 54,830 26,597 Deferred InGome Is Included in the financial statements as follows: 2025 2024 Deferred income Is Included wlthln: Current Ilabllltles 54,830 26,597 Movements in the year.. Defarrad income 8t 1 April 2024 Released from prevlous perlods Resources deferred In the year 26,597 {13,710) 41,943 28,435 (9,663> 7,825 Deferred income at 31 March 2025 54,830 26,597 17 Retlrement benefit Schemes 2025 2024 Defined contributlon schemes Charge to profit or loss In respect of defined contributlon schemes 33,758 25,102 The charity operates a defined conlribution pension scheme for all qualifylng 8mploye8s. The assets of th8 scheme are held separately from those of the charily in an indopendentty administered fund. 18 Restrlcted funds The restricted funds of the charily comprise Ihe unexpended balances of donations and grants held on trust subject to specific conditions by donors a510 how they may be used. Al 1 April 2024 Incomlng resources Resources At 31 March expended 2025 BBC Children In Need Grant Active Citizens Award Grant Angling Granl Williarn Acadbury Trust other grants and donations 8.369 4.059 1,891 8,369 3,756 1,577 (303) (568) (6,9571 (4,4431 254 6,957 4,443 14.319 11.654 (12,271) 13,702 -21
WELCOME NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Restrlcted funds Icontlnued) Prevlous year,, At 1 April 2023 Incomlng Resources At 31 March resources expended 2024 BC Children In Need Grant Active Citizens Award Grant Angling Grant William A Cadbury Trusl 8,369 4,465 1,891 8,369 4,059 1,891 (406) (847) (8,043) 8,043 14,725 8,890 (9,296) 14,319 19 Unrestrlcted funds The unrestrlcled funds of the charity comprls8 th8 unexp8nd8d balances of donations and grants which are not subS8Ct to spedflc condltions by donors and grantors as to how they may be used. These Include deslgnated funds whlch have been sel aside out of unreslricted funds by the trustees for sp8cSflc purposes. At 1 Aprll 2024 Incomlng resources Resources At 31 March expended 2025 General funds 409.059 919,670 {905,426) 423,303 Prevlous year: At 1 Aprfl 2023 Incomlng resources Resources At 31 March expended 2024 Genera5 funds 400,882 606,929 {598.7521 409,059 20 Analysls of net assets between funds Unrestrlcted funds 2025 Reslricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current asselsl{118bilities) 24,829 398,474 910 12,792 25,739 411,266 423.303 13,702 437,005 -22-
WELCOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Analysls of nel assets between funds (Contlnued) Unrèstrictèd funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{Ilabllltles) 9,000 400,059 1,213 13,106 10,213 413,165 409,059 14,319 423,378 21 Relatad party transactlons Transactlons wllh relat8d parties During the year the charlty entered Into the following transactions wth related partles: During lh8 year ended 31 March 2025 the Charity recharged salarias totalling £16,050 (2024: £25,018) to Its subsidSary company, Welcome Change CIC. As at 31 March 2025 the Charity owed £3,750 to Welcome Changa CIC (2024: £5,471). 22 Subsidiaries Details of the charlly's subsldlarles at 31 March 2025 are as follows.. Walcome Is a Corporale dlreclor of Welcome Change CIC, a company Ilmlted by guarantee, company number 07758208, Also the Board of Welcome has common board members with Welcome Changa CIC. Therefore, the dlreclors of Welcome consider Welcome Change CIC to be the charity's subsidiary. W61come Change CIC'S principal aclivili6s are the provision of a variety of enlerprises operated for the benefit of the community consisting of a community centre a communily garden and two communlty hubs. These enterprises offer volunteering opportunities and work experience placements for paople in recovery from substance misuse, or otheNise disadvantaged in the malnstream job market, helping to build their confidence and skills and enable them ultimalely lo find work. Name of undertaking Reglstered office Welcom8 Change CIC 2 Highlands Court. Cranmore Avenue, Solihull, Wesl Midlands. United Kingdom, B90 4LE The aggregate capital and reserves and the result for the year of subsidiaries exclud8d from consolidation was as follows: Name of undertaklng Prof5tl(Loss) Capltal and Reserves Welcome Change CIC 778 18,375 -23-
WELCOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Analysis of changes in net funds The charily had no material debt during lh8 year. 24 Cash generated from operatlons 2025 2024 Surplus for the year 13,627 7,771 Adlustments for: Investment income recognlsed in statement of financial acllvitles D8pr8clalion and impalrmenl of tangible fixed assets 18,007) 10,764 (1,986) 8,157 Movements In worklng capital: {Incr8ase>lde¢rease in debtors Increase in craditors Increase in deferred income {22,918) 18.458 28,739 13,267 742 Cash generated from operatlons 40,663 27,951 -24-