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
1
## 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.
2
## 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:
- Housing.
- Money management.
- Benefits.
- Medical applications.
- Emergency food provisions.
- 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:
- Weekly over 60's club, aimed at combating social isolation by providing hot meals to those in the community who may feel disconnected.
- Weekly English lessons to Asylum seekers, refugees and those who seek educational development.
Delivered multiple events and activities with 447 participants such as:
- Children’s trip to Eureka.
- Family trip to Southport.
- Family trip to Southport Pleasure beach.
- Adult trip to Llandudno.
- International Women’s Day.
- 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.
3
## 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:
- 91% said we helped them work through difficult situations.
- 84% said they are now empowered to try and deal with difficult situations independently.
- 67% said our services helped them manage their money better.
- 84% said working with us, helped them to make a positive change in their life.
- 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:
- 98% said they now help others in the community.
- 96% of people felt supported by their community.
- 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:
- 94% of people said they had met new people.
- 89% of people said they made new friends.
- 84% said working with us, helped them to make a positive change in their life.
4
## 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.
5
## 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:
- 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 21[st] December 2023 and signed on their behalf by
Simon Carin
Chair
6
## **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:
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_
22[nd] December 2023
7
## 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.
8
## 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:
- 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 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)
9
## 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_**|
10
**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.
11
## 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.
12
## 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:
- 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.
13
## 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.
14
## 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_|
15
## 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.
16
**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.
17
## 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_|
18
## 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_|
19
## 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).
20
## 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