Company number: 07168557 Charity Number: 1142084
## **The Welcome (Knutsford) Ltd**
Report and financial statements For the Period Ended 31[st] March 2022
## The Welcome (Knutsford) Limited
## Reference and administrative information
for the year ended 31st March 2022
**Company number** 07168557
**Charity number** 1142084
## **Registered office and operational address**
146/147 Longridge Knutsford Cheshire WA16 8PD
## **Trustees**
Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:
Gill Weeks Chair Peter Bowler Secretary John Kinney Treasurer Rosalyn Tavernor Richard Cussons Christina Lees – Jones Anila Khalid (resigned 7[th] March 2022) Rev Susan Swires (resigned 22nd November 2021) James McCullough **Key Management** Nick Sherburn **Personnel Patron** George Osborne CH **Bankers** CAF Bank West Malling Kent Royal Bank of Scotland Drummond House Edinburgh **Independent** Christy Lau FCCA CTA DChA **Examiner** Slade & Cooper Limited Beehive Mill Jersey Street Ancoats Manchester M4 6JG
1
## The Welcome (Knutsford) Limited
## Trustees’ annual report
## for the year ended 31st March 2022
The trustees present their report and the unaudited financial statements for the year ended 31[st] March 2022. Included within the Trusteee ’Report is the Directors ’Report as required by company law.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.
## **Origins**
The Welcome was established in 1996 on Longridge (Knutsford), a Manchester overspill estate, by the local Methodist Church, as a drop-in centre and second-hand clothes store. In 2010, The Welcome split into two separate organisations: The Welcome Church, which was to address the spiritual needs of the community, and The Welcome (Knutsford) Limited, which was to address the social needs. The latter was initially a Community Interest Company (a social enterprise) but became a limited company and registered Charity in 2011.
The Welcome tradition emphasises issues of social justice and supports working with different faith communities and cultures in building community. The charity welcomes staff and volunteers from a wide variety of backgrounds, cultures and religions, who share in a vision of providing help for the most vulnerable in the community.
## **Objectives and activities**
The Welcome’s aim is to provide or assist in the provision of facilities which in different ways improve the life experience for the people of Shaw Heath and Longridge, whatever their age, race, colour, creed, gender, sexual orientation, physical or mental health, employment or other circumstances. The core ethos of The Welcome is to bring people together, support the most vulnerable, and help people to move forward with the aiming of achieving their own potential.
The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.
2
## The Welcome (Knutsford) Limited
## Trustees’ annual report
for the year ended 31st March 2022
## **Achievements and performance**
The charity's main activities and who it tries to help are described below. All its charitable activities focus on the local residents and are undertaken to further The Welcome (Knutsford)’s charitable purposes for the public benefit.
The Welcome have adapted services and ways of working over the last 12 months to meet the demands of our community, with the rise of inflation, energy crisis and recovery from the covid pandemic we have remained reactive throughout and influence provisions facilitated from The Welcome and in Knutsford.
Our focus this year has been to re connect with the public following the covid pandemic and to ensure we represent and voice the needs of the community.
**Meals on wheels:** We have adapted the meals on wheels service following the pandemic to a more sustainable model, with developed partnerships with Cheshire East and Social Action Partnership we play our part to help alleviate pressures on the care sector by developing the provision to assist hospital patients to return home and remain independent.
**Food Bank:** The Welcome continues to work in partnership with Hope Central to ensure the community have access to emergency food provisions, we have reconfigured our limited building space to provide a longer-term solution for the food bank as well as enabling us to continue with the many other projects and services we facilitate or provide.
**Employment:** Utilising links with the DWP and other local stakeholders we identified that the need for skills and development were higher than needs to focus on unemployment, with Great Places we linked with Springboard and New leaf to provide a drop-in service alongside the employment group provided by Hope Central.
**Debt & Budgeting:** Engagement from the community accessing emergency food has provided us with opportunities to guide and encourage households to complete budgeting exercises and talk about financial struggles or debt. This has enabled us to make referrals to CAP UK, Citizens Advice Bureau, and provide long-term budgeting support.
**Community Café:** The Welcome continues to provide a friendly place for people to socialise and enjoy fresh meals at affordable prices as well as reducing social isolation.
**Mental Health and Wellbeing** : We hold funding to support people who are struggling with mental health and would benefit from private counselling sessions, the project helps to bridge the gap between NHS waiting times, we have developed partnerships with GP surgeries and other organisations to utilise the provision and ensure people get the support they need quickly.
**Hardship Support:** Working with Citizens Advice and Knutsford Lions we provide access to the hardship fund know as ‘Wenceslas’ this fund has minimal restrictions which enables us to provide short term relief of people in financial hardship, this can be in the form of utility bill payments, school uniforms, furniture, childcare or any other needs of the community. This year we have expanded the project to ask people who are able to donate their energy rebate to the scheme which can then be re distributed to those who need it the most. We also host a Christmas Lunch for the most vulnerable in the community
3
## The Welcome (Knutsford) Limited
## Trustees’ annual report
## for the year ended 31st March 2022
**Activities & Events:** We provide a comprehensive list of events and activities throughout the year including educational trips, family days and celebrations events. Our focus is to provide people with opportunities and experiences that low-income households often miss due to their financial circumstances. We have now launched a sports/fitness class which provides 2 sessions per week for adults and children, our focus is to provide low level exercise sessions free of charge to encourage healthy lifestyles and improve overall wellbeing of the community.
**English Sessions:** Our English group which is run by volunteers has expanded vastly post year end as many Knutsford residents hosted Ukrainian families as well as a local hotel which housed 50 refugees. We decided to increase the sessions to two per week and provided additional support by utilising The Knutsford Transport Community bus to transport 50 people to Tatton Park for a day trip. We also secured funding for 38 pairs of trainers.
**Groups:** This year we have worked towards developing groups to offer benefits to the wider community, our Luncheon group now has more than 25 people attending weekly, we provide Chair Aerobic group sessions, Twinkle Boost parent and toddler sensory group & Chatty Café Coffee morning.
## **Staffing:**
- In January 2022 we recruited for an additional support coordinator, we employed Lucy who has been a great asset to the organisation’s development over the past 12 months, we have now promoted Lucy to assistant manager to provide development and continuity for the organisation.
- We are planning to recruit another support coordinator in the future to meet the ever-increasing demand for support.
- To enable the meals on wheels project to become sustainable and provide income to the organisation we have employed a delivery driver and leased a vehicle. Fiona joined us in September 2022 and is quickly finding her feet and becoming part of the team.
**Support:** Alongside the above provisions; our support coordinators work hard to support the community, the number of people we support has significantly increased over the past 12 months and we have developed focused events to provide support around utility and financial support.
VCFSE (Voluntary, Community, Faith and Social Enterprise): Post year end in April 2022 Cheshire East and Cheshire East Social Action Partnership (CESAP) approached The Welcome to become the lead VCFSE for Knutsford, this role works closely with care communities and other networks to represent the community and influence local government resources and spending, this role is still developing and will be a key partnership for The Welcome over the next year and will develop more opportunities for our beneficiaries.
Where we cannot directly help people, we signpost them to the most appropriate services.
4
## The Welcome (Knutsford) Limited
## Trustees’ annual report
for the year ended 31st March 2022
## **Beneficiaries of our services**
We aim to support the whole community including those who live on their own. For example, this year we have provided the following:
||||
|---|---|---|
|Support Outcomes|APR 21 - MAR 22|3287|
|Meals Delivered|APR 21 - MAR 22|2397|
|Counselling Sessions|APR 21 - MAR 22|67|
|Family Trips|APR 21 - MAR 22|3 events 186 participants|
|Theatre Workshops|APR 21 - MAR 22|3 events 181 participants|
|Christmas Hampers|APR 21 - MAR 22|70 Families|
|Christmas Presents|APR 21 - MAR 22|980|
|Food Parcels in partnership
with Hope Central|APR 21 - MAR 22|447|
**Craft/Activity:** We provided numerous craft/activity sessions for children to have fun and be creative:
## **312 Activity packs**
- Easter hunt
- Easter craft
- Clay modelling
- Canvas painting
- Halloween craft
## **Activity sessions**
- Sea Creature Crafts
- Sunflower competition
- Mother’s Day present craft sessions
- Easter Craft
5
## The Welcome (Knutsford) Limited
## Trustees’ annual report
## for the year ended 31st March 2022
**MMA Thai Boxing session:** sessions delivered through the summer holidays and now proceeding until January every Tuesday. On average 15-18 children attended each session, the project was set up by The Knutsford Impact group in partnership with Cheshire Community Foundation and Knutsford Impact Group.
## **Goofus Theatre:**
3 sessions:
- Goofus theatre company visited families to provide theatre street performances. 41 children accessed this activity.
- Outdoor performances for 86 children.
- Workshops at the welcome for Children and families to make puppets from reusable household materials. 54 Children attended.
## **181 Children attended theatre shows and workshops.**
## **Family trips:**
- 93 Adults and Children attended the day trips provided from a private donation in partnership with CCF
- We arrange 2 bus trips to Llandudno, one trip was focused on families and included tickets to the local theme park, activities, and a packed lunch. 56 adults and children attended.
- Our second trip was for adults to Llandudno and 37 adults attended the day trip.
## **Financial review**
We are very grateful to a wide range of organisations and individuals for their continuing financial support without which The Welcome would not be able to operate.
Throughout the year the financial position of the Charity remained challenging and it was very difficult to raise unrestricted funds to cover ongoing operational costs. However, we are coming into the final year of a significant multi-year grant from Reaching Communities which has put the Charity on a more secure footing. The challenge will be in replacing this funding late in 2022. In addition, the Cheshire Community Fund, through its recently established Knutsford Fund, have been very supportive.
The Reaching Communities grant depends on the Charity raising equivalent funds and we continue to have to compete for all donations in an environment where the potential donors find it hard to believe that such poverty/need can exist in a relatively affluent part of Cheshire.
The Trustees continue to believe that the use of a professional fundraiser, on a part-time basis, remains key to identifying and securing funds. No major changes to the way the Charity is funded and the source and quantity of these funds is envisaged during the next Financial Year.
6
## The Welcome (Knutsford) Limited
## Trustees’ annual report
for the year ended 31st March 2022
## **Reserves policy**
The Trustees have reviewed the Charity’s Reserve Requirements in light of the major risks (particularly the uncertainty of when the Charity will be able to fully resume ‘normal’ operations) and have concluded that it would be prudent to hold unrestricted funds of 3 months expenditure. The relevant reserves at the balance sheet date of £40,026 (i.e, unrestricted funding) represent around 10 weeks of normal budgeted operational expenditure.
Although the unrestricted funds alone would not cover the 3 months of expenditure, the use of restricted funds (which are allocated to salary and overhead costs) would allow the charity to comfortably exceed this three-month reserve target.
In the judgement of the trustees, fundraising is likely to become more difficult in the next financial year (due to multiple demands for limited funds) and the need to replace the Reaching Communities funds. As a result, the trustees expect that the overall levels of reserves will decrease in the coming year.
## **Structure, governance and management**
The Welcome (Knutsford) Limited is a company limited by guarantee, company number 07168557, first registered on 24th February 2010. It was registered as a Charity, number 1142084 on 24th May 2011.
The company was established under a memorandum of association, which established the objectives and powers of the charitable company and is governed under its articles of association.
Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up. The total number of such guarantees at 31st March 2022 was 7 (2021:9). The Trustees are members of the Charity but this entitles them only to voting rights. The Trustees have no beneficial interest in the Charity.
All Trustees give their time voluntarily and receive no benefits from the Charity. Any expenses reclaimed from the Charity are set out in note 11 in the accounts.
In recruiting to the Board, the Trustees consider the skills that are needed, advertise in various networks, shortlist any candidates, and invite potential Trustees to a board meeting, to explore the level of interest. An interview would then take place with at least two Trustees, and preferred candidates are invited to join the Trustees, subject to references, formal vetting and approval by the full trustee board.
7
## The Welcome (Knutsford) Limited
## Trustees’ annual report
## for the year ended 31st March 2022
## **Statement of responsibilities of the trustees**
The trustees (who are also directors of The Welcome (Knutsford) Limited for the purposes of company law) are responsible for preparing the trustees ’annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently
- Observe the methods and principles in the Charities SORP
- Make judgements and estimates that are reasonable and prudent
- State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies ’regime of the Companies Act 2006.
The trustees ’annual report has been approved by the trustees on 18[th] December 2022 and signed on their behalf by
Gill Weeks
Chair
8
## **Independent examiner’s report to the trustees of The Welcome (Knutsford) Ltd.**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2022 which are set out on pages 10 to 29.
## **Responsibilities and basis of report**
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no 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 company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Christy Lau FCCA CTA DChA _Slade & Cooper Limited Beehive Mill, Jersey Street Manchester, M4 6JG_
23[rd] December 2022
9
## The Welcome (Knutsford) Limited
## Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2022
|Unrestricted
funds
Note
£
**Income from:**
Donations and legacies
3
7,845
Charitable activities
4
14,700
Other trading activities
5
15,363
**Total income**
**37,908**
**Expenditure on:**
Raising funds
6
4,500
Charitable activities
7
56,361
**Total expenditure**
**60,861**
(22,953)
9
**(22,953)**
**Net movement in funds for the year**
**(22,953)**
**Reconciliation of funds**
Total funds brought forward
62,979
**Total funds carried forward**
**40,026**
**Net income/(expenditure) for the**
**year**
**Net income/(expenditure) before**
**net gains/(losses) on investments**|Restricted
funds
£
-
174,844
-
**174,844**
-
138,888
**138,888**
35,956
**35,956**
**35,956**
66,366
**102,322**|Total funds
2022
£
7,845
189,544
15,363
**212,752**
4,500
195,249
**199,749**
13,003
**13,003**
**13,003**
129,345
**142,348**|_Total funds_
_2021_
_£_
_37,483_
_191,746_
_-_|
|---|---|---|---|
||||**_229,229_**|
||||_4,800_
_155,521_|
||||**_160,321_**|
||||_68,908_|
||||**_68,908_**|
||||**_68,908_**
_60,437_|
||||**_129,345_**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
A full comparative SOFA is available on the last page of the financial statements.
10
## The Welcome (Knutsford) Limited Company number 07168557
## Balance sheet as at 31 March 2022
|Note
£
£
**Fixed assets**
Tangible assets
13
5,790
**Total fixed assets**
**5,790**
**Current assets**
Debtors
14
28,665
Cash at bank and in hand
15
110,598
**Total current assets**
**139,263**
**Liabilities**
Creditors: amounts falling
due in less than one year
16
(2,705)
**Net current assets**
**136,558**
**Total assets less current liabilities**
142,348
**Net assets**
**142,348**
**The funds of the charity:**
Restricted income funds
17
102,322
Unrestricted income funds
18
40,026
**Total charity funds**
19
**142,348**
2022|_£_
_£_
_3,305_
**_3,305_**
_25,661_
_102,590_
**_128,251_**
_(2,211)_
**_126,040_**
_129,345_
**_129,345_**
_66,366_
_62,979_
**_129,345_**
_2021_|_£_
_£_
_3,305_
**_3,305_**
_25,661_
_102,590_
**_128,251_**
_(2,211)_
**_126,040_**
_129,345_
**_129,345_**
_66,366_
_62,979_
**_129,345_**
_2021_|
|---|---|---|
|||**_3,305_**
**_126,040_**|
|||_129,345_|
|||**_129,345_**|
|||_66,366_
_62,979_|
|||**_129,345_**|
For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The notes on pages 13 to 29 form part of these accounts.
Approved by the trustees on 18/12/2022 and signed on their behalf by:
John Kinney (Treasurer)
11
## The Welcome (Knutsford) Limited
Statement of Cash Flows for the year ending 31 March 2022
|Note
**Cash provided by/(used in) operating activities**
21
_Cash flows from investing activities:_
Purchase of tangible fixed assets
**Cash provided by/(used in) investing activities**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
Increase/(decrease) in cash and cash
equivalents in the year|2022
£
**13,708**
(5,700)
**(5,700)**
8,008
102,590
**110,598**|_2021_
_£_
**_44,392_**|
|---|---|---|
|||_-_|
|||**_-_**|
|||_44,392_
_58,198_|
|||**_102,590_**|
12
**1 Accounting policies**
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **a Basis of preparation**
The financial statements have been prepared in accordance with 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), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The Welcome (Knutsford) Limited meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
13
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **b Preparation of the accounts on a going concern basis**
In common with many charities, the income of The Welcome is unpredictable. The trustees are aiming to hold reserves to an appropriate level to enable the charity to continue in a sustainable manner going forward. The trustees are working with professional fundraisers with a proven track record and also seeking to develop long term relationships with local businesses and individuals who are prepared to support the work undertaken by The Welcome.
On that basis the trustees believe that it is appropriate to draw up the accounts on a Going Concern basis. There are no key judgments which the trustees have made which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
## **c Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
14
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **d Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **e Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **f Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## **g Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of raising funds are made up from fundraiser fees paid on a time basis to generate futher grants and donations. See note 6.
- Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs. See note 7.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 8.
15
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **i Tangible fixed assets**
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Office fixtures and equipment 20% Central Heating Boiler 17%
## **j Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **k Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **l Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **m Pensions**
Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 10. There were no outstanding contributions at the year end (2021: £20).
## **2 Legal status of the charity**
The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.
16
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
|**3**
**Current reporting period**
Donations
Sidney H Royle
We are Knutsford
Knutsford Rotary Club
Mobberley Methodist Church
Knutsford Motor Club
Tour of Cheshire Knutsford DMC
John Hutchinson
Tony Dean
Novare Consulting Ltd
**Total**
**_Previous Reporting Period_**
_Donations_
Sidney H Royle
Kirsh Foundation
Great Places Housing Group
Osborne Charity
John Lewis
Community Trust
Hope Central
Tesco Covid Fund
**_Total_**
**Income from donations and legacies**|Unrestricted
£
3,670
1,000
1,038
180
67
100
100
140
550
1,000
7,845
_Unrestricted_
_£_
_21,962_
_1,000_
_5,000_
_3,000_
_2,000_
_2,000_
_700_
_500_
_500_
_36,662_|Restricted
£
-
-
-
-
-
-
-
-
-
-
-
_Restricted_
_£_
_421_
_-_
_-_
_-_
_-_
_-_
_-_
_400_
_-_
_821_|Total 2022
£
3,670
1,000
1,038
180
67
100
100
140
550
1,000|
|---|---|---|---|
||||7,845|
||||_Total 2021_
_£_
_22,383_
_1,000_
_5,000_
_3,000_
_2,000_
_2,000_
_700_
_900_
_500_|
||||_37,483_|
17
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **4 Income from charitable activities**
|**Current reporting period**
Cheshire East Council
National Lottery
Knutsford Council
Postcode Lottery
The Welcome Church
Cheshire Community Foundation
**Total**
**_Previous Reporting Period_**
Cheshire East Council
Covid grants
National Lottery
DCMS
Great Places Housing Group
The Welcome Church
Comic Relief
Cheshire Community Foundation
Police & Crime Commissioner for Cheshire
**_Total_**
**5**
**Income from other trading activities**
Café Income
Room Hire
Other Income|Unrestricted
£
8,000
-
-
-
-
6,700
14,700
_Unrestricted_
_£_
_21,370_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_21,370_|Restricted
£
30,570
73,083
15,523
20,000
5,000
30,668
174,844
_Restricted_
_£_
_-_
_70,989_
_39,997_
_15,000_
_5,390_
_2,000_
_35,000_
_2,000_
_170,376_
2022
£
14,914
250
199
15,363|Total 2022
£
38,570
73,083
15,523
20,000
5,000
37,368|
|---|---|---|---|
||||189,544|
||||_Total 2021_
_£_
_21,370_
_70,989_
_39,997_
_15,000_
_5,390_
_2,000_
_35,000_
_2,000_|
||||_191,746_|
||||_2021_
_£_
_-_
_-_
_-_|
||||_-_|
All income from other trading activities is unrestricted.
18
**6 Cost of raising funds**
## The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2022 (continued)
|**Cost of raising funds**|||
|---|---|---|
|Fundraiser's fees|2022
£
4,500
4,500|_2021_
_£_
_4,800_|
|||_4,800_|
All expenditure on cost of raising funds is unrestricted.
19
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **7 Analysis of expenditure on charitable activities**
|Staff Salaries (note 10)
Other Staff Costs
Café Supplies
Coffee Machine Hire
Kitchen Equipment
Kitchen repairs
Rent
Gas, Electricity and Water
Other Premises Costs
Printing, Postage and Stationery
Telephone & Internet
Other Office Costs
Insurance-Contents & PI
Youth Club Costs
Activities
Depreciation
Miscellaneous
Governance costs (see note 8)
Support costs (see note 8)
Restricted expenditure
Unrestricted expenditure|Total 2022
£
67,731
37,953
24,546
2,548
133
3,574
10,500
7,201
9,364
495
2,118
2,021
1,242
-
14,923
3,215
5,563
1,005
1,117
195,249
2022
£
138,888
56,361
195,249|_Total 2021_
_£_
_74,337_
_8,267_
_28,599_
_1,923_
_948_
_4_
_10,292_
_4,708_
_4,155_
_1,234_
_1,937_
_2,670_
_1,207_
_1,458_
_5,601_
_2,075_
_3,943_
_960_
_1,203_|
|---|---|---|
|||_155,521_|
|||_2021_
_£_
_149,711_
_5,810_|
|||_155,521_|
20
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **8 Analysis of governance and support costs**
|**Current reporting period**
Accountancy Services
Bookeeping Services
Legal and professional
**_Previous Reporting Period_**
_Accountancy Services_
_Bookeeping Services_
_Payroll Services_
_Legal and professional_|Support
£
-
1,117
-
1,117
_Support_
_£_
_-_
_1,104_
_86_
_13_
_1,203_|Governance
£
1,005
-
-
1,005
_Governance_
_£_
_960_
_-_
_-_
_-_
_960_|_Total 2022_
£
1,005
1,117
-|
|---|---|---|---|
||||2,122|
||||_Total 2021_
_£_
_960_
_1,104_
_86_
_13_|
||||_2,163_|
The charity has one activity and therefore support costs are not apportioned.
## **9 Net income/(expenditure) for the year**
|This is stated after charging/(crediting):|2022|_2021_|
|---|---|---|
||£|_£_|
|Depreciation|3,215|_2,076_|
|Operating lease rentals:|||
|Property|10,500|_10,292_|
|Other|2,548|_1,923_|
|Independent Examiner's remuneration (gross):|||
|Accountancy|565|_540_|
|Bookkeeping|1,117|_1,104_|
|Independent Examination|440|_420_|
21
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **10 Staff costs**
Staff costs during the year were as follows:
|Wages and salaries
Social security costs
Pension costs
**Allocated as follows:**
Charitable activities|2022
£
66,782
-
949
67,731
67,731
67,731|_2021_
_£_
_73,320_
_-_
_1,017_|
|---|---|---|
|||_74,337_|
|||_74,337_|
|||_74,337_|
No employees has employee benefits in excess of £60,000 (2021: Nil).
The average number of staff employed during the period was 6 (2021:6).
The average full time equivalent number of staff employed during the period was 5 (2021: 4.25).
The key management personnel of the charity comprise the Centre Manager. The total employee benefits of the key management personnel of the charity were £37,953 (2021: £37,639).
## **11 Trustee remuneration and expenses, and related party transactions**
2 (2021: 2) members of the management committee received reimbursed expenses during the year totalling £212 (2021: £765). These expenses are included in note 7.
No members of the management committee received travel and subsistence expenses during the year. (2021: £Nil).
Aggregate donations from related parties were £Nil (2021: £Nil).
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2021: nil).
22
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **12 Government grants**
The government grants recognised in the accounts were as follows (see note 4):
|Cheshire East Council
Knutsford Council
DCMS
Police & Crime Commissioner for Cheshire|2022
£
38,570
15,523
-
-
54,093|_2021_
_£_
_21,370_
_-_
_39,997_
_2,000_|
|---|---|---|
|||_63,367_|
There were no conditions and contingencies attaching to the grants.
## **13 Fixed assets: tangible assets**
|Fixtures, Fittings
and Equipment
**Cost**
£
10,488
Additions
5,700
Disposals
-
16,188
**Depreciation**
8,038
Charge for the year
2,918
Disposals
-
10,956
**Net book value**
5,232
_2,450_
At 1 April 2021
At 31 March 2022
At 1 April 2021
At 31 March 2022
At 31 March 2022
_At 31 March 2021_|Central
Heating Boiler
£
1,750
-
-
1,750
895
297
-
1,192
558
_855_|£
12,238
5,700
-
Total|
|---|---|---|
|||17,938|
|||8,933
3,215
-|
|||12,148|
|||5,790|
|||_3,305_|
23
## The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2022 (continued)
## **14 Debtors**
|Prepayments and accrued income
**15**
**Cash at bank and in hand**
Cash at bank and on hand
**16**
**Creditors: amounts falling due within one year**
Other creditors and accruals
Taxation and social security costs|2022
£
28,665
28,665
2022
£
110,598
110,598
2022
£
2,099
606
2,705|_2021_
_£_
_25,661_|
|---|---|---|
|||_25,661_|
|||_2021_
_£_
_102,590_|
|||_102,590_|
|||_2021_
_£_
_1,953_
_258_|
|||_2,211_|
24
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **17 Analysis of movements in restricted funds**
|**Current reporting period**
National Lottery
The Welcome Church
Knutsford Council
Community Spirit
Postcode Lottery
Total
**_Previous reporting period_**
_Manchester Airport_
_Comic Relief_
_DCMS_
_Restricted donations_
_Total_
Cheshire East Council
_Community Spirit_
Police & Crime
Commisioner for Cheshire
Cheshire Community
Foundation
Great Places Housing
Group
_National Lottery_
Great Places Housing
Group
_The Welcome Church_
_Cheshire Community_
_Foundation_|Balance at
1 April
2021
£
51,707
4,600
-
-
3,450
-
6,609
-
66,366
Balance at
1 April
2020
_£_
_31,415_
_6,700_
_-_
_1,315_
_2,000_
_3,450_
_-_
_-_
_-_
_-_
_44,880_|Income
£
73,083
-
5,000
15,523
-
20,000
30,668
30,570
174,844
_Income_
_£_
_70,989_
_15,000_
_5,390_
_-_
_2,000_
_-_
_39,997_
_35,000_
_2,000_
_821_
_171,197_|Expenditure
£
(75,418)
(4,600)
(5,000)
(15,523)
-
(5,000)
(30,777)
(2,570)
(138,888)
_Expenditure_
_£_
_(50,697)_
_(17,100)_
_(5,390)_
_(1,315)_
_(4,000)_
_-_
_(39,997)_
_(28,391)_
_(2,000)_
_(821)_
_(149,711)_|Transfers
£
-
-
-
-
-
-
-
-
_Transfers_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|Balance at
31 March
2022
£
49,372
-
-
-
3,450
15,000
6,500
28,000|
|---|---|---|---|---|---|
||||||102,322|
||||||_Balance at_
_31 March_
_2021_
_£_
_51,707_
_4,600_
_-_
_-_
_-_
_3,450_
_-_
_6,609_
_-_
_-_|
||||||_66,366_|
25
**17 Analysis of movements in restricted funds (cont.)**
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **Name of restricted fund**
National Lottery
Great Places Housing Group The Welcome Church Community Spirit CCF Cheshire Community Knutford Council
Peoples Postcode Cheshire East Council
## **Description, nature and purposes of the fund**
Salaries, training, literacy/numeracy, project costs, micro enterprise development, rent & untilities contribution & project evaluation Salary support Rent Gardening & related community development activities Support Worker salary support Rent and Insurance contributions, counselling support, social inclusion activities and resource packs Youth Worker & Activities Covid 19 Response and Recovery Grant including Meals on Wheels provision
26
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **18 Analysis of movement in unrestricted funds**
|**Current reporting period**
**_Previous reporting period_**
General fund
_General fund_
**Name of**
**unrestricted fund**|Balance
at 1 April
2021
£
62,979
62,979
_Balance_
_at 1 April_
_2020_
_£_
_15,557_
_15,557_
**Description,**|Income
Expenditure
Transfers
£
£
£
37,908
(60,861)
-
37,908
(60,861)
-
_Income_
_Expenditure_
_Transfers_
_£_
_£_
_£_
_58,032_
_(10,610)_
_-_
_58,032_
_(10,610)_
_-_
**nature and purposes of the fund**|As at 31
March 2022
£
40,026|
|---|---|---|---|
||||40,026|
||||_As at 31_
_March_
_2021_
_£_
_62,979_|
||||_62,979_|
|||||
General fund The free reserves after allowing for all designated funds
## **19 Analysis of net assets between funds**
|**Current reporting period**
Tangible fixed assets
Net current assets/(liabilities)
Total
**_Previous reporting period_**
_Tangible fixed assets_
_Net current assets/(liabilities)_
_Total_|General
fund
£
5,790
34,236
40,026
_General_
_fund_
_£_
_3,305_
_59,674_
_62,979_|Designated
funds
£
-
-
-
_Designated_
_funds_
_£_
_-_
_-_
_-_|Restricted
funds
£
-
102,322
102,322
_Restricted_
_funds_
_£_
_-_
_66,366_
_66,366_|Total
£
5,790
136,558|
|---|---|---|---|---|
|||||142,348|
|||||_Total_
_£_
_3,305_
_126,040_|
|||||_129,345_|
27
## The Welcome (Knutsford) Limited
## Notes to the accounts for the year ended 31 March 2022 (continued)
## **20 Operating lease commitments**
The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:
|Less than one year
One to five years|2022
2021
£
_£_
10,500
_10,500_
2,625
_13,125_
13,125
_23,625_
Property|2022
_2021_
£
_£_
807
_1,923_
-
_807_
807
_2,730_
Equipment|2022
_2021_
£
_£_
807
_1,923_
-
_807_
807
_2,730_
Equipment|
|---|---|---|---|
||||_2,730_|
## **21 Reconciliation of net movement in funds to net cash flow from operating activities**
|**Net income/(expenditure) for the year**
**Adjustments for:**
Depreciation charge
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating activities**|2022
£
13,003
3,215
(3,004)
494
13,708|_2021_
_£_
_68,908_
_2,076_
_(25,115)_
_(1,477)_|
|---|---|---|
|||_44,392_|
28
## The Welcome (Knutsford) Limited
## Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2021
|Unrestricted
funds
Note
£
**Income from:**
Donations and legacies
3
36,662
Charitable activities
4
21,370
5
-
**Total income**
**58,032**
**Expenditure on:**
Raising funds
6
4,800
Charitable activities
7
5,810
**Total expenditure**
**10,610**
47,422
9
**47,422**
**Net movement in funds for the year**
**47,422**
**Reconciliation of funds**
Total funds brought forward
15,557
**Total funds carried forward**
**62,979**
**Net income/(expenditure) for the**
**year**
Other trading activities
**Net income/(expenditure) before**
**net gains/(losses) on investments**|Restricted
funds
£
821
170,376
-
**171,197**
-
149,711
**149,711**
21,486
**21,486**
**21,486**
44,880
**66,366**|Total funds
2021
£
37,483
191,746
-
**229,229**
4,800
155,521
**160,321**
68,908
**68,908**
**68,908**
60,437
**129,345**|_Total funds_
_2020_
_£_
_17,515_
_113,964_
_30,071_|
|---|---|---|---|
||||**_161,550_**|
||||_8,400_
_138,364_|
||||**_146,764_**|
||||_14,786_|
||||**_14,786_**|
||||**_14,786_**
_45,651_|
||||**_60,437_**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
29