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 

1 



## 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: 

- 61% of total households are considered somewhat deprived (380 households). The community scored 29.3 on the index of multiple deprivation, the average for the rest of Knutsford is 7.2, and is 14.48 for Cheshire East. 

- 42% of people are economically inactive (588 people), of whom 85% have not worked for over a year, or have never worked (501 people). 

- 11% of people have never worked (154 people) 

- 25% of people are disabled under the Equality Act (347 people) 

- 23% of people are considered to have some physical health issues (318 people) 

- 33% of people have no private transport means (475 people) 

- 10% of people are unpaid carers (144 people) 

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: 

- 30.6% of all Knutsford A&E patient activity attendances are from Longridge and Shaw heath. 

- 26.4% of Knutsford patient emergency admissions are from Longridge and Shaw Heath. 

- 480 patients have mental health conditions, 23 of these have serious mental health illnesses such as psychosis or bipolar disorder. 

- Mortality rates in Longridge and Shaw Heath are double the rate in the rest of Knutsford. 

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. 

3 



## 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. 

4 



## 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: 

- 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 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<br>£<br>£<br>**Fixed assets**<br>Tangible assets<br>13<br>2,280<br>**Total fixed assets**<br>**2,280**<br>**Current assets**<br>Debtors<br>14<br>754<br>Cash at bank and in hand<br>15<br>60,231<br>**Total current assets**<br>**60,985**<br>**Liabilities**<br>Creditors: amounts falling<br>due in less than one year<br>16<br>(4,409)<br>**Net current assets**<br>**56,576**<br>**Total assets less current liabilities**<br>58,856<br>**Net assets**<br>**58,856**<br>**The funds of the charity:**<br>Restricted income funds<br>17<br>35,946<br>Unrestricted income funds<br>18<br>22,910<br>**Total charity funds**<br>19<br>**58,856**<br>2024|_£_<br>_£_<br>_4,017_<br>**_4,017_**<br>_335_<br>_43,115_<br>**_43,450_**<br>_(5,447)_<br>**_38,003_**<br>_42,020_<br>**_42,020_**<br>_21,381_<br>_20,639_<br>**_42,020_**<br>_2023_|_£_<br>_£_<br>_4,017_<br>**_4,017_**<br>_335_<br>_43,115_<br>**_43,450_**<br>_(5,447)_<br>**_38,003_**<br>_42,020_<br>**_42,020_**<br>_21,381_<br>_20,639_<br>**_42,020_**<br>_2023_|
|---|---|---|
|||**_4,017_**<br>**_38,003_**|
|||_42,020_|
|||**_42,020_**|
|||_21,381_<br>_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: 

- 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 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