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2024-03-31-accounts

Company number: 07168557 Charity Number: 1142084

The Welcome (Knutsford) Ltd

Report and financial statements For the Period Ended 31[st] March 2024

The Welcome (Knutsford) Limited

Reference and administrative information

for the year ended 31st March 2024

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 Peter Bowler Secretary John Kinney Treasurer Rosalyn Tavernor (resigned 24/11/2023) Christina Lees – Jones James McCullough Mike Glennon

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 2024

The trustees present their report and the unaudited financial statements for the year ended 31[st] March 2024. 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.

Background

The Welcome is a registered charity and a community health and well-being hub for 1400 people living in the Longridge and Shaw Heath estates in Knutsford (approx. 50 acres), Cheshire. The estates were built in the 1960s as overspill housing to accommodate families from Manchester slums. The area is now a pocket of deprivation presenting high levels of socioeconomic health and wealth inequalities in a town that is otherwise relatively affluent. This community is in the top 30% in the index of multiple deprivation. In recent years, our mission to help the most vulnerable in our community has become an even greater and more urgent challenge.

Our vision is to support the vulnerable and isolated people of Shaw Heath and Longridge. Our objective is to help people to break the cycle of dependency, to give them hope and aspiration to lead fulfilling and meaningful lives at the heart of their community.

Our mission is to provide services and facilities which in different ways improve the lives of the people of Longridge and Shaw Heath. We do this through the Welcome Café, a welcoming space that invites any person into our community hub and offers them an opportunity to start a conversation and obtain help tailored to their needs.

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.

Activities and Achievements

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 2024

The Welcome is addressing a range of social needs in the community. These include poverty, food insecurity, ill health and poor mental health, social isolation and difficulties accessing statutory or other services. Worklessness is a major issue and many individuals and families struggle to meet their basic needs, facing financial hardships that prevent them accessing nutritious food, proper health care and support systems. The statistics are stark, and point to the many challenges people face to break out of the cycle of poverty and dependency:

We help the vulnerable members of our community with the support they need to re-engage with society, by addressing their fundamental needs, but more importantly by providing or signposting them to tailored support services to get them back on their feet and able to become more economically active and to reduce overall deprivation levels. Physical and mental health issues are a major barrier for our community, and the figures are startling. Longridge and Shaw Heath represent 10% of Knutsford’s population, yet:

During the past year, Knutsford’s Community Café & Support Centre has made significant strides in supporting our local community. We provided 1241 instances of support, addressing critical needs in employment, housing, healthcare, debts, and fuel poverty, along with 254 instances of effective signposting to other agencies.

Our Meals on Wheels program delivered a remarkable 5782 meals to vulnerable older residents, ensuring they received essential nourishment.

We organised 32 engaging events and activities that attracted 1153 attendees, including craft sessions for children, sports activities, adult fitness sessions, and various family outings and community gatherings. Notably, through our Toy Appeal, we supported families by providing Christmas presents to 205 children.

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The Welcome (Knutsford) Limited

Trustees’ annual report

for the year ended 31st March 2024

In addition to these activities, we conducted 195 group sessions with 2085 attendees, featuring services such as luncheon for individuals over 55, community coffee mornings, and English lessons.

Our partnership with The Bread & Butter Project has allowed us to coordinate weekly volunteer efforts, providing reduced-cost food to up to 70 households while also contributing to food waste reduction.

This year, we undertook a comprehensive review of our systems, services, strategy, and impact to enhance our support for the community. Our dedicated team of volunteers has been invaluable to our operations, and we extend our heartfelt gratitude for their unwavering support, which enables us to deliver these vital services effectively.

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 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 3 months’ worth of expenditure. The relevant reserves at the balance sheet date of £58,836 represent around three months of normal budgeted operational expenditure.

In the judgement of the Trustees, fundraising is likely to continue to become more difficult in the next financial year (due to multiple demands for limited funds). As a result, the Trustees expect that the overall levels of reserves will not increase 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 2024 was 7 (2023:8). 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.

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The Welcome (Knutsford) Limited

Trustees’ annual report

for the year ended 31st March 2024 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 2024

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:

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 5[th] December 2024 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 2024 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

23[rd] December 2024

7

The Welcome (Knutsford) Limited statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2024 Unrestrirted funds Restrirted funds Total funds 2024 Total fund5 2023 Note Income from: Donations and legacies 48.432 1.200 49,632 11,089 Charitable activities 71,971 89,881 161,852 145,930 Other trading activities 39,359 39,359 21,302 Investments 67 67 loo Total income 159,829 91,081 250,910 178,421 Expenditure on: Raising funds 9,300 9,300 7,200 Charitable activities 148.258 76.516 224,774 271,549 Total expenditure 157,558 76,516 234,074 278,749 Net income/(expenditure) before net gains/{losses) on investments 2.271 14,565 16,836 (100,328) Net income/(expenditure) for the year 2.271 14.565 16,836 (100,328) Net movement in funds for the year 2.271 14.565 16.836 (100.328) Reconciliation of funds Total funds brought forward 20.639 21.381 42,020 142,348 Total funds carried forward 22,910 35,946 58,856 42,020 The statement of financial attivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing artivities. A full comparative SOFA is available on the last page of the financial statements.

The Welcome (Knutsford) Limited Company number 07168557

Balance sheet as at 31 March 2024

Note
£
£
Fixed assets
Tangible assets
13
2,280
Total fixed assets
2,280
Current assets
Debtors
14
754
Cash at bank and in hand
15
60,231
Total current assets
60,985
Liabilities
Creditors: amounts falling
due in less than one year
16
(4,409)
Net current assets
56,576
Total assets less current liabilities
58,856
Net assets
58,856
The funds of the charity:
Restricted income funds
17
35,946
Unrestricted income funds
18
22,910
Total charity funds
19
58,856
2024		 £
£
4,017
4,017
335
43,115
43,450
(5,447)
38,003
42,020
42,020
21,381
20,639
42,020
2023		 £
£
4,017
4,017
335
43,115
43,450
(5,447)
38,003
42,020
42,020
21,381
20,639
42,020
2023
4,017
38,003
42,020
42,020
21,381
20,639
42,020

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:

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 05/12/2024 and signed on their behalf by:

John Kinney (Treasurer)

9

The Welcome (Knutsford) Limited statement of Cash Flows for the year ending 31 March 2024 Note 2024 2023 Cash provided by/(used in) operating artivities 21 17,049 (67,583) Cash flows from investing artivities.. Dividend5, interest, and rents from investments 67 loo Cash provided by/(used in) investing activities 67 loo Increa5e/(decreasel in cash and cash equivalents in the year 17,116 (67,483) Cash and cash equivalents at the beginning of the year 43,115 110,598 Cash and cash equlvalents at the end of the year 60,231 43,115 io

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 Accountlng pollcles The principal accounting policies adopted. judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows- 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 IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Art 2006 and UK Generally Accepted Accounting Practice. The Welcome (Knutsfordl Limited meets the definition of a public benefit entity under FR5102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant occounting policy note. li

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (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 perfomance 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 executorls) 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 2024 (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 thpn rprnanigpd in pxnpnrlitriirg in trhp nprinA nf rprpint. e Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charityi 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 attivity 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 artivity for which the expenditure was incurred. h Allocatlon of support costs Support costs are those functions that assist the work of the charity but do not d1￿CtlY undertake charitable activities. Support costs include back Offi￿ costs, finance, personnel, payroll and governance costs which support the charity's programmes and artivities. 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 2024 (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 Central Heating Boiler 20Wo 17Wo 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 dale of acquisition or opening of the deposit or similar account. I 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. Creditor5 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. The￿ were £497 outstanding contributions at the year end (2023- £536). Legal ststus 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 l. 14

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) Income from donations and legacies Current reporting period Unrestricted Restricted Total 2024 Donations Alan & Wendy Parker Cheshire Masons Edmundson Elec Hope Central Interflex Marketin Knutsford Meth Ch Knutsford Rotary Oliver Valves Sapphire Concert Boler Tony Dean 6,375 2,000 1,500 20,000 1.657 500 5,000 800 10.000 6,375 2,000 1,500 20,000 1,657 500 5,000 800 10,000 1,200 600 1.200 600 Total 48.432 1,200 49.632 Previous Reporting Period Unrestrirted Restricted Total 2023 Donations Cheshire Almanac Interflex Marketing Knutsford Rotary Club Mobberley Methodist Church Tony Dean We are Knutsford 5,008 1.766 500 300 95 450 2,970 5,008 1,766 500 300 95 450 2,970 Total 11,089 11,089 15

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) Income from charitsble artivities Current reporting period Unrestricted Restricted Total 2024 Cheshire Community Foundation Cheshire East Council Cost Of Living Sporting Assets Garfield Weston Great Places Housing Group Groundwork UK The National Lottery Community Fund Postcode Neighbourhood Trust VCFSE Pulse Regeneration 32.368 32,368 12,000 26,153 15,000 36,695 1,000 10,000 25,000 1,250 12.000 26,153 15,000 5,360 1,000 10,000 31.335 25.000 1.250 Fit4Life 2.386 2,386 Total 71.971 89,881 161,852 Previous Reporting Period Unrestricted Restricted Total 2023 Cheshire Community Foundation Cheshire East Council Clothworker Foundation Community Trust ESC Lottery Fund Great Places Housing Group Gmundwork UK/Comic Relief Ics Knutsford Medical National Lottery VCFSE Pulse Regeneration 33,370 1,000 3,900 750 8.170 10,048 12,500 33,370 4,000 3, 900 750 8,170 13,048 12,500 5,562 15,663 47.217 1.750 3.000 3.000 5,562 15.663 47,217 1,750 Total 13,312 132,618 145,930 16

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) Income from other trading activities 2024 2023 Café Income (including Meals on Wheels) Room Hire 38,749 610 19,552 1,750 39,359 21,302 All income from other trading attivities is unrestrirted. Cost of raising funds 2024 2023 Fundraiser's fees 9,300 7.200 9,300 7,200 All expenditure on cost of raising funds is unrestricted. 17

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) Analysis of expenditure on charitable activities Total 2024 Total 2023 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 & Pl Activities Depreciation Miscellaneous Community Investment {Parkletics Project} Publicity Governance costs (see note 8) Support costs (see note 8) 129,172 63 30.824 94,955 28,781 35,240 1,715 376 509 10,500 9,598 6,132 1,119 1,636 1,677 1,601 21,551 1,737 6,682 9,111 11.300 5.456 5,105 2, 957 841 4,828 578 31,579 1,773 8,770 25,608 567 I,ioo 1.285 1,455 142 224,774 271,549 2024 2023 Restricted expenditure Unrestricted expenditure 76,516 148,258 213,559 57.990 224,774 271,549 18

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) Analysis of governance and support costs Current reporting period Support Governance Total 2024 Accountancy Services Bookeeping Services 1,455 1,455 142 142 142 1,455 1,597 Previous Reporting Period Support Governance Total 2023 Accountancy SeThices Bookeeping Services Payroll Services Legal and professional I,ioo I,ioo 1.178 94 13 1.178 13 1.285 I,ioo 2,385 The charity has one activity and therefore support costs are not apportioned. Net income/(expenditure) for the year This is stated after charging/(crediting)'. 2024 2023 Depreciation Operating lease rentals.. Property Independent Examiner's remuneration (gross): Accountancy Bookkeeping Independent Examination 1.737 1,773 10,500 11,300 955 142 500 625 1,008 475 19

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) 10 staff costs Staff costs during the year were as follows: 2024 2023 Wages and salaries Social security costs Pension costs 121,310 4,627 3,235 92.030 1.015 1,910 129,172 94.955 Allocated as follows: Charitable activities 129,172 94,955 129.172 94,955 No employees has employee benefits in excess of £60.000 (2023.. Nil). The average number of staff employed during the period was 7 (2023-7). The average full time equivalent number of staff employed during the period was 6 (2023: 6>- The key management personnel of the charity comprise the Centre Manager. The total employee benefits of the key management personnel of the charity were £41.004 {2023'. £41.521). 11 Trustee remuneration and expenses. and related party transartions Two (2023: 3) members of the management committee received reimbursed expenses during the year totalling £2 15 (2023- £449). These expenses are included in note 7. No members of the management committee received travel and subsistence expenses during the year. (2023- £Nil). Aggregate donations from related parties were £nil (2023: £nil)- No trustee or other person related to the charity had any personal interest in any contrart or transaction entered into by the charity, including guarantees. during the year (2023: nil). 20

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) 12 Government grants The govemment grants recognised in the accounts were as follows {see note 4)- 2024 2023 Cheshire East Council 12,000 4,000 12,000 4,000 There were no conditions and contingencies attaching to the grants. 13 Fixed assets: tangible assets Fixtures. Fittings Central and Equipment Heating Boiler Total Cost At l April 2023 Additions 16.188 1.750 17,938 At 31 March 2024 16.188 1,750 17,938 Depreciation At l April 2023 Charge for the year 12.432 1,476 1,489 261 13,921 1,737 At 31 March 2024 13,908 1,750 15,658 Net book value At 31 March 2024 2,280 2,280 At 31 March 2023 3.756 261 4,017 21

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) 14 Debtors 2024 2023 Prepayments and accrued income 754 335 754 335 15 Cash at bank and in hand 2024 2023 Cash at bank and on hand 60,231 43,115 60,231 43,115 16 Creditors: amounts falling due within one year 2024 2023 other creditors and accruals Deferred income Taxation and social security costs 2.456 1,957 1,250 2,240 1.953 4,409 5,447 22

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) 17 Analysis of movements in restricted funds Current reporting period aiance at l April 2023 LSaiance at 31 March 2024 Income Expenditure Transfers National Lottery Great Places Housing Group Community Spirit Cheshire Community Foundation Groundwork UK Cost Of Living Sporting Assets Garfield Weston The National Lottery Community Fund Restricted donations 5,561 (5,561) 5.360 (5,360) (3,450) 3,450 9,870 2.500 32.368 1.000 {33,488) (3,500) { 13,718) (5.750) 8,750 26,153 15.000 12,435 9,250 10.000 1.200 (4,750) {939) 5,250 261 Total 21,381 91.081 (76,516) 35,946 Previous reporting period Balance at l April 2022 Balance at 31 March 2023 Income Expenditure Transfe National Lottery Great Places Housing Group Community Spirit Postcode Lottery Cheshire Community Foundation Cheshire East Council Knutsford Medical Groundwork UK/Comic Relief ESC Lottery Fund 49,372 47,217 (91,028) 5,561 10.048 (10.048) 3,450 15,000 3,450 (15,000) 6,500 28,000 33,370 1.000 15,663 (30,000) (29,000) (15,663) 9,870 12,500 8,170 (10,000) (8,170) 2,500 Clothworker Foundation Community Trust 3.900 750 (3,900) (750) Total 102.322 132,618 (213,559) 21,381 23

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) 17 Analysis of movements in restricted funds {cont.) Name of restricted fund Description, nature and purposes of the fund National Lottery Salaries, training and literacy/numeracy project costs Great Places Housing Group Greater Together Fundltrips Community Spirit Gardening & related community development activities CCF Cheshire Community Support Worker salary supportlmeals on Wheels support and community trip support Groundwork UK Counselling artivities Cost Of Living Sporting Assets Cost of living support incl kitchen staff. Meols on Wheels and community activities Garfield Weston The National Lottery Community Fund Restricted donations Core costs Salary support for centre activities Building repairs 24

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) 18 Analysis of movement in unrestricted funds Current reporting period aiance at l April 2023 Asat31 March 2024 Income Expenditure Transfers General fund 20,639 159,829 (157,558) 22,910 20,639 159.829 (157,558) 22,910 Previous reporting period È5aiance at l Apnl 2022 Asat31 March 2023 Income Expenditure Transfers General fund 40,026 45.803 (65. 190) 20,639 40.026 45,803 (65,190) 20,639 Name of unrestricted fund Description. nature and purposes of the fund General fund The free reserves after allowing for all designated funds 19 Analysis of net assets between funds Current reportlng perlod General fund Designated funds Restricted funds Total Tangible fixed assets Net current assetsJ(liabilitiesl 2,280 20,630 2,280 56,576 35,946 Total 22,910 35,946 58,856 Previous reporting period General fund Designated funds Restricted funds Total Tangible fixed assets Net current assets/(liabilities) 4,017 16.622 4,017 38,003 21,381 Total 20,639 21,381 42,020 25

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (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: Property Equipment 2023 2024 2023 2024 Less than one year 2.625 2,625 21 Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net Income/(expendlture) for the year Adjustments for: Depreciation charge Dividends, interest and rents from investments Decreasellincrease) in debtors Increase/(decrease) in creditors 16.836 (100,328) 1,737 167) (419) (1,038) 1,773 (ioo) 28.330 2,742 Net cash provided by/{used in) operating artivities 17,049 (67.583) 26

The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2024 (continued) 22 Prior year Statement of Financial Activities (induding Income and Expenditure account) Unrestrirted funds Restrirted funds Total funds 2023 Total funds 2022 Note Income from: Donations and legacies 11.089 11,089 7,845 Charitable activities 13,312 132,618 145,930 189,544 Other trading activities 21,302 21,302 15,363 Investments loo loo Total income 45,803 132,618 178,421 212,752 Expenditure on: Raising funds 7,200 7,200 4,500 Charitable activities 57.990 213,559 271,549 195,249 Total expenditure 65,190 213,559 278,749 199,749 Net income/(expenditure) before net gains/(losses) on investments { 19.387) (80.941) (100,328) 13,003 Net Income/(expendlture) for the year (19.387) (80.941) (100.328) 13.003 Net movement in funds for the year (19,387) (80,941) (100,328) 13,003 Reconciliation of funds Total funds brought forward 40,026 102,322 142,348 129,345 Total funds carrled forward 20,639 21,381 42,020 142,348 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing artivities. 27