Company number: 07168557 Charity Number: 1142084
The Welcome (Knutsford) Ltd
Report and financial statements For the Period Ended 31[st] March 2023
The Welcome (Knutsford) Limited
Reference and administrative information
for the year ended 31st March 2023
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 (resigned 24/11/2023) Simon Carin Chair from 24/11/2023 (joined 16/01/2023) Peter Bowler Secretary John Kinney Treasurer Rosalyn Tavernor (resigned 24/11/2023) Richard Cussons (resigned 25/11/2022) Christina Lees – Jones James McCullough Mike Glennon (joined 21/11/2022)
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
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The Welcome (Knutsford) Limited
Trustees’ annual report
for the year ended 31st March 2023
The trustees present their report and the unaudited financial statements for the year ended 31[st] March 2023. 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.
communities and cultures in building community cohesion. The charity welcomes staff and volunteers from a wide variety of backgrounds and cultures, who share in a vision of providing support for people who are vulnerable or in crisis within our 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, or in crisis and to help people to move forward with the aim of achieving their own potential.
The Trustees review the aims, objectives, priorities, and activities of the charity each year. This report looks at what the charity has achieved, and the impacts and outcomes delivered during the reporting period. The review also helps the Trustees ensure the charity's aims, objectives, priorities, and activities remained focused on its stated purpose.
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.
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 public benefit.
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The Welcome (Knutsford) Limited
Trustees’ annual report
for the year ended 31st March 2023
Providing Access to Services:
Our charity, The Welcome (Knutsford), is committed to ensuring access to essential services for the local community. Despite the challenges posed by the cost-of-living crisis, we have made significant efforts to provide support and assistance to those in need and in crisis.
Our team have provided 3,936 instances of support/signposting for:
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Housing.
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Money management.
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Benefits.
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Medical applications.
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Emergency food provisions.
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Emergency fuel poverty.
The Welcome also provides a hosting facility for other service providers and partners such as Job Centre Plus, Citizens Advice Bureau, My CWA, and Great Places Housing Group.
Supporting Community Cohesion:
At The Welcome Community Centre and Cafe, we strive to foster community cohesion and provide a welcoming space for people to connect and support one another.
Through our cafe, we offer good wholesome meals at a reasonable price, addressing food poverty and providing a platform for social interaction. Our 'kids eat free' scheme, accompanied by an adult, during school holidays supports families and encourages community engagement.
We delivered regular group sessions, with 3,576 participants attending gatherings such as:
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Weekly over 60's club, aimed at combating social isolation by providing hot meals to those in the community who may feel disconnected.
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Weekly English lessons to Asylum seekers, refugees and those who seek educational development.
Delivered multiple events and activities with 447 participants such as:
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Children’s trip to Eureka.
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Family trip to Southport.
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Family trip to Southport Pleasure beach.
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Adult trip to Llandudno.
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International Women’s Day.
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Jubilee Event.
This year we have initiated a Meals on Wheels service for socially isolated members of our community and have provided 2,600 meals. This is more than just a hot meal service; it also allows a ‘friendly face welfare check-in’ with the individual.
We also delivered ad-hoc children’s activities such as craft sessions throughout the school holidays with 358 participants.
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The Welcome (Knutsford) Limited
Trustees’ annual report
for the year ended 31st March 2023
Supporting Mental Health and Well-being:
Promoting mental health and well-being is a key priority for The Welcome (Knutsford). We offer various programs and activities to support individuals of all ages.
The Welcome, in partnership with Knutsford Medical Practice, deliver the Parkletics project to encourage physical activity and reduce rates of hypertension. The equipment installed has been utilised by many people in the community, with reports of new friendships and reductions in mental health issues alongside the physical health benefits.
Group sessions, events, and activities, provide the opportunity for individuals to come together, to share their experiences, receive support, and make new friends. Our volunteers receive training and certification, ensuring they can provide the right support and assistance.
Through our partnerships with organisations like My CWA, we offer support services for mental health and domestic abuse victims, addressing their specific needs. In addition, our ‘Build a Better You’ program which has been developed by our support coordinator designed to empower individuals and increase confidence. We delivered two six-week programs to 16 people this year.
In conclusion, The Welcome (Knutsford) has made substantial progress in providing access to services, supporting community cohesion, and promoting mental health and well-being. Our efforts have positively impacted the lives of many within our community, supporting their immediate needs and inspiring them to reach their own potential within a supportive and inclusive environment.
Feedback from the beneficiaries of our services
Providing Access to Services:
The following questions were asked of beneficiaries using our services:
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91% said we helped them work through difficult situations.
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84% said they are now empowered to try and deal with difficult situations independently.
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67% said our services helped them manage their money better.
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84% said working with us, helped them to make a positive change in their life.
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92% are more likely to look for further training, volunteer, or paid work.
Supporting Community Cohesion:
The following questions were asked of beneficiaries using our services:
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98% said they now help others in the community.
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96% of people felt supported by their community.
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93% said they now find it easier to work as a team.
Supporting Mental Health and Well-being:
The following questions were asked of beneficiaries using our services:
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94% of people said they had met new people.
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89% of people said they made new friends.
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84% said working with us, helped them to make a positive change in their life.
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The Welcome (Knutsford) Limited
Trustees’ annual report
for the year ended 31st March 2023
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. We have now completed a significant multiyear grant from Reaching Communities. The challenge will be in replacing this funding in the current climate. 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. In addition, the Trustees have launched a Local Engagement Plan to increase funding through local business sponsorship, private donations, and fundraisers.
Reserves policy
The Trustees have reviewed the Charity’s Reserve Requirements considering the major risks and have concluded that it continues be prudent to hold unrestricted funds of 3 months expenditure. The relevant reserves at the balance sheet date of £20,639 (i.e, unrestricted funding) represent around 4 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 nearly meet 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 2023 was 8 (2022:7). 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.
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The Welcome (Knutsford) Limited
Trustees’ annual report
for the year ended 31st March 2023
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:
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Select suitable accounting policies and then apply them consistently
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Observe the methods and principles in the Charities SORP
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Make judgements and estimates that are reasonable and prudent
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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
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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 21[st] December 2023 and signed on their behalf by
Simon Carin
Chair
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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 2023 which are set out on pages 8 to 27.
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:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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
22[nd] December 2023
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The Welcome (Knutsford) Limited
Statement of Financial Activities
(including Income and Expenditure account) for the year ended 31 March 2023
| Unrestricted funds Note £ Income from: Donations and legacies 3 11,089 Charitable activities 4 13,312 Other trading activities 5 21,302 Investments 100 Total income 45,803 Expenditure on: Raising funds 6 7,200 Charitable activities 7 57,990 Total expenditure 65,190 (19,387) 9 (19,387) Net movement in funds for the year (19,387) Reconciliation of funds Total funds brought forward 40,026 Total funds carried forward 20,639 Net income/(expenditure) before net gains/(losses) on investments Net income/(expenditure) for the year |
Restricted funds £ - 132,618 - - 132,618 - 213,559 213,559 (80,941) (80,941) (80,941) 102,322 21,381 |
Total funds 2023 £ 11,089 145,930 21,302 100 178,421 7,200 271,549 278,749 (100,328) (100,328) (100,328) 142,348 42,020 |
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 |
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.
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The Welcome (Knutsford) Limited Company number 07168557
Balance sheet as at 31 March 2023
| Note £ £ Fixed assets Tangible assets 13 4,017 Total fixed assets 4,017 Current assets Debtors 14 335 Cash at bank and in hand 15 43,115 Total current assets 43,450 Liabilities Creditors: amounts falling due in less than one year 16 (5,447) Net current assets 38,003 Total assets less current liabilities 42,020 Net assets 42,020 The funds of the charity: Restricted income funds 17 21,381 Unrestricted income funds 18 20,639 Total charity funds 19 42,020 2023 |
£ £ 5,790 5,790 28,665 110,598 139,263 (2,705) 136,558 142,348 142,348 102,322 40,026 142,348 2022 |
£ £ 5,790 5,790 28,665 110,598 139,263 (2,705) 136,558 142,348 142,348 102,322 40,026 142,348 2022 |
|---|---|---|
| 5,790 136,558 |
||
| 142,348 | ||
| 142,348 | ||
| 102,322 40,026 |
||
| 142,348 |
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:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
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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 11 to 27 form part of these accounts.
Approved by the trustees on 21/12/2023 and signed on their behalf by:
John Kinney (Treasurer)
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The Welcome (Knutsford) Limited
Statement of Cash Flows for the year ending 31 March 2023
| 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 |
2023 £ (67,583) - 100 (67,483) 110,598 43,115 |
2022 £ 13,708 |
|---|---|---|
| (5,700) | ||
| (5,700) | ||
| 8,008 102,590 |
||
| 110,598 |
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1 Accounting policies
The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023
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.
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The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (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.
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The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (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:
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Costs of raising funds are made up from fundraiser fees paid on a time basis to generate futher grants and donations. See note 6.
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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.
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The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (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 £536 outstanding contributions at the year end (2022: £nil).
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.
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The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (continued)
3 Income from donations and legacies
| Current reporting period Donations We are Knutsford Knutsford Rotary Club Mobberley Methodist Church Tony Dean Cheshire Almanac Interflex Marketing Total Previous 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 |
Unrestricted £ 5,008 2,970 300 95 450 1,766 500 11,089 Unrestricted £ 3,670 1,000 1,038 180 67 100 100 140 550 1,000 7,845 |
Restricted £ - - - - - - - Restricted £ - - - - - - - - - - - |
Total 2023 £ 5,008 2,970 300 95 450 1,766 500 |
|---|---|---|---|
| 11,089 | |||
| Total 2022 £ 3,670 1,000 1,038 180 67 100 100 140 550 1,000 |
|||
| 7,845 |
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The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (continued)
4 Income from charitable activities
| Current reporting period Cheshire East Council National Lottery Cheshire Community Foundation Knutsford Medical Great Places Housing Group Groundwork UK/Comic Relief ESC Lottery Fund ICS Clothworker Foundation VCFSE Pulse Regeneration Community Trust Total Previous Reporting Period Cheshire East Council National Lottery Knutsford Council Postcode Lottery The Welcome Church Cheshire Community Foundation Total 5 Income from other trading activities Café Income (including Meals on Wheels) Room Hire Other Income |
Unrestricted £ 3,000 - - - 3,000 - - 5,562 - 1,750 - 13,312 Unrestricted £ 8,000 - - - - 6,700 14,700 |
Restricted £ 1,000 47,217 33,370 15,663 10,048 12,500 8,170 - 3,900 - 750 132,618 Restricted £ 30,570 73,083 15,523 20,000 5,000 30,668 174,844 2023 £ 19,552 1,750 - 21,302 |
Total 2023 £ 4,000 47,217 33,370 15,663 13,048 12,500 8,170 5,562 3,900 1,750 750 |
|---|---|---|---|
| 145,930 | |||
| Total 2022 £ 38,570 73,083 15,523 20,000 5,000 37,368 |
|||
| 189,544 | |||
| 2022 £ 14,914 250 199 |
|||
| 15,363 |
All income from other trading activities is unrestricted.
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6 Cost of raising funds
The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (continued)
| Cost of raising funds | ||
|---|---|---|
| Fundraiser's fees | 2023 £ 7,200 7,200 |
2022 £ 4,500 |
| 4,500 |
All expenditure on cost of raising funds is unrestricted.
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The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (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 Activities Depreciation Miscellaneous Community Investment (Parkletics Project) Publicity Governance costs (see note 8) Support costs (see note 8) Restricted expenditure Unrestricted expenditure |
Total 2023 £ 94,955 28,781 35,240 1,715 - 9,111 11,300 5,456 5,105 2,957 841 4,828 578 31,579 1,773 8,770 25,608 567 1,100 1,285 271,549 2023 £ 213,559 57,990 271,549 |
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 |
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The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (continued)
8 Analysis of governance and support costs
| Current reporting period Accountancy Services Bookeeping Services Payroll Services Legal and professional Previous Reporting Period Accountancy Services Bookeeping Services |
Support £ 1,178 94 13 1,285 Support £ - 1,117 1,117 |
Governance £ 1,100 - - 1,100 Governance £ 1,005 - 1,005 |
Total 2023 £ 1,100 1,178 94 13 |
|---|---|---|---|
| 2,385 | |||
| Total 2022 £ 1,005 1,117 |
|||
| 2,122 |
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): | 2023 | 2022 |
|---|---|---|
| £ | £ | |
| Depreciation | 1,773 | 3,215 |
| Operating lease rentals: | ||
| Property | 11,300 | 10,500 |
| Other | 1,715 | 2,548 |
| Independent Examiner's remuneration (gross): | ||
| Accountancy | 625 | 565 |
| Bookkeeping | 1,008 | 1,117 |
| Independent Examination | 475 | 440 |
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The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (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 |
2023 £ 92,030 1,015 1,910 94,955 94,955 94,955 |
2022 £ 66,782 - 949 |
|---|---|---|
| 67,731 | ||
| 67,731 | ||
| 67,731 |
No employees has employee benefits in excess of £60,000 (2022: Nil).
The average number of staff employed during the period was 7 (2022:6). The average full time equivalent number of staff employed during the period was 6 (2022: 5).
The key management personnel of the charity comprise the Centre Manager. The total employee benefits of the key management personnel of the charity were £41,521 (2022: £37,953).
11 Trustee remuneration and expenses, and related party transactions
Three (2022: 2) members of the management committee received reimbursed expenses during the year totalling £449 (2022: £212). These expenses are included in note 7.
No members of the management committee received travel and subsistence expenses during the year. (2022: £Nil).
Aggregate donations from related parties were £Nil (2022: £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 (2022: nil).
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The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (continued)
12 Government grants
The government grants recognised in the accounts were as follows (see note 4):
| 2023 £ Cheshire East Council 4,000 Knutsford Council - 4,000 Fixed assets: tangible assets Fixtures, Fittings Central and Equipment Heating Boiler Cost £ £ 16,188 1,750 Additions - - Disposals - - 16,188 1,750 Depreciation 10,956 1,192 Charge for the year 1,476 297 Disposals - - 12,432 1,489 Net book value 3,756 261 5,232 558 There were no conditions and contingencies attaching to the grants. At 1 April 2022 At 31 March 2023 At 1 April 2022 At 31 March 2023 At 31 March 2023 At 31 March 2022 |
2022 £ 38,570 15,523 |
|---|---|
| 54,093 | |
| £ 17,938 - - Total |
|
| 17,938 | |
| 12,148 1,773 - |
|
| 13,921 | |
| 4,017 | |
| 5,790 |
13 Fixed assets: tangible assets
21
The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (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 Deferred income Taxation and social security costs |
2023 £ 335 335 2023 £ 43,115 43,115 2023 £ 1,957 1,250 2,240 5,447 |
2022 £ 28,665 |
|---|---|---|
| 28,665 | ||
| 2022 £ 110,598 |
||
| 110,598 | ||
| 2022 £ 2,099 - 606 |
||
| 2,705 |
22
The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (continued)
17 Analysis of movements in restricted funds
| Current reporting period National Lottery Community Spirit Postcode Lottery Knutsford Medical ESC Lottery Fund Clothworker Foundation Community Trust Total Previous reporting period Knutsford Council Postcode Lottery Total Cheshire East Council Community Spirit Cheshire East Council Cheshire Community Foundation Great Places Housing Group National Lottery Great Places Housing Group The Welcome Church Cheshire Community Foundation Groundwork UK/Comic Relief |
Balance at 1 April 2022 £ 49,372 - 3,450 15,000 6,500 28,000 - - - - 102,322 Balance at 1 April 2021 £ 51,707 4,600 - - 3,450 - 6,609 - 66,366 |
Income £ 47,217 10,048 - - 33,370 1,000 15,663 12,500 8,170 3,900 750 132,618 Income £ 73,083 - 5,000 15,523 - 20,000 30,668 30,570 174,844 |
Expenditure £ (91,028) (10,048) - (15,000) (30,000) (29,000) (15,663) (10,000) (8,170) (3,900) (750) (213,559) Expenditure £ (75,418) (4,600) (5,000) (15,523) - (5,000) (30,777) (2,570) (138,888) |
Transfers £ - Transfers £ - - - - - - - - |
Balance at 31 March 2023 £ 5,561 - 3,450 - 9,870 - - 2,500 - - - |
|---|---|---|---|---|---|
| 21,381 | |||||
| Balance at 31 March 2022 £ 49,372 - - - 3,450 15,000 6,500 28,000 |
|||||
| 102,322 |
23
The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (continued)
17 Analysis of movements in restricted funds (cont.)
Name of
Description, nature and purposes of the fund
restricted fund National Lottery
National Lottery Salaries, training, literacy/numeracy, project costs, micro enterprise development, rent & untilities contribution & project evaluation and Parkletics Great Places Housing Group Greater Together Fund/trips/computers Community Spirit Gardening & related community development activities Peoples Postcode Youth Worker & Activities CCF Cheshire Community Support Worker salary support/Jubilee Grant/trips/warm safe space and activities in the run up to Christmas Cheshire East Council Covid 19 Response and Recovery Grant including Meals on Wheels provision/digital equipments Knutsford Medical Parkletics/Community care Groundwork UK/Comic Relief Counselling activities ESC Lottery Fund Parkletics/Exercise for All Clothworker Foundation one off capital grant Community Trust Winter Warmer Event The Welcome Church Rent Knutford Council Rent and Insurance contributions, counselling support, social inclusion activities and resource packs
24
The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (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 2022 £ 40,026 40,026 Balance at 1 April 2021 £ 62,979 62,979 Description, |
Income Expenditure Transfers £ £ £ 45,803 (65,190) - 45,803 (65,190) - Income Expenditure Transfers £ £ £ 37,908 (60,861) - 37,908 (60,861) - nature and purposes of the fund |
As at 31 March 2023 £ 20,639 |
|---|---|---|---|
| 20,639 | |||
| As at 31 March 2022 £ 40,026 |
|||
| 40,026 | |||
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 £ 4,017 16,622 20,639 General fund £ 5,790 34,236 40,026 |
Designated funds £ - - - Designated funds £ - - - |
Restricted funds £ - 21,381 21,381 Restricted funds £ - 102,322 102,322 |
Total £ 4,017 38,003 |
|---|---|---|---|---|
| 42,020 | ||||
| Total £ 5,790 136,558 |
||||
| 142,348 |
25
The Welcome (Knutsford) Limited
Notes to the accounts for the year ended 31 March 2023 (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 |
2023 2022 £ £ 2,625 10,500 - 2,625 2,625 13,125 Property |
2023 2022 £ £ - 807 - - - 807 Equipment |
2023 2022 £ £ - 807 - - - 807 Equipment |
|---|---|---|---|
| 807 |
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 |
2023 £ (100,328) 1,773 28,330 2,742 (67,583) |
2022 £ 13,003 3,215 (3,004) 494 |
|---|---|---|
| 13,708 |
26
The Welcome (Knutsford) Limited
Statement of Financial Activities
(including Income and Expenditure account) for the year ended 31 March 2023
Prior year Statement of Financial Activities
| Unrestricted funds Note £ Income from: Donations and legacies 3 7,845 Charitable activities 4 14,700 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 Other trading activities 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.
27