Company number: 07168557 Charity Number: 1142084 ## **The Welcome (Knutsford) Ltd** Report and financial statements For the Period Ended 31[st] March 2025 ## The Welcome (Knutsford) Limited ## Reference and administrative information for the year ended 31st March 2025 **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: Simon Carin Chair Peter Bowler Secretary John Kinney Treasurer Christina Lees – Jones James McCullough Mike Glennon Helen Mountney ## **Key Management Personnel** Nick Sherburn (Resigned Aug 2025. Replaced by Lucy Page) ## **Patron** ## **Bankers** George Osborne CH 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 2025 The trustees present their report and the unaudited financial statements for the year ended 31[st] March 2025. Included within the Trustees’ 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 2114 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 year, the community of Shaw Heath and Longridge was downgraded to the top 20% in the index of multiple deprivation (previously top 30%). There was also a significant drop in the Barriers to Housing & Services (B2HS), which is usually linked to rural areas but is now affecting our community due to residents struggling to access / fund trips into the town. 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** 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, to support those who are 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. 2 ## The Welcome (Knutsford) Limited ## Trustees’ annual report ## for the year ended 31st March 2025 ## **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. 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. In the last year, Knutsford’s Community Café & Support Centre has provided 796 instances of support, responding to essential concerns in employment, housing, healthcare, debts, and fuel poverty. Our Meals on Wheels program has delivered 5026 meals to vulnerable older residents, ensuring they received essential nourishment as well as a daily check-in from a friendly face. We have responded to a growing need within our community by placing a greater emphasis on mental health and wellbeing. We have strengthened our support for men’s mental health through the introduction of a new Men’s Breakfast Buddies group; providing a safe and welcoming space for conversation and connection, increased attendance at our gentle exercise classes for older adults and hosted several 3 ## The Welcome (Knutsford) Limited ## Trustees’ annual report ## for the year ended 31st March 2025 health and wellbeing workshops. Our funded counselling sessions have been highly successful, with participants reporting meaningful improvements in their mental health and overall wellbeing. In total, we have organised almost 300 groups, events and activities that have attracted 2183 attendees, including craft sessions for children, luncheon clubs, English classes, family day trips to the seaside, community gatherings, breakfast groups, exercise sessions and health and wellbeing workshops. We hosted a Winter Warmer event to advise on saving money and keeping warm during the colder months, a community Christmas lunch, and Christmas support for families including toy sacks from the Toy Appeal, children’s Christmas crafts, and a Santas Grotto! We also ran a STEM-focused 3D printing course for adults, giving participants hands-on experience with new technologies and the opportunity to develop valuable digital and creative skills. Our partnership with The Bread & Butter Thing continues to thrive, and we coordinate the volunteers on a weekly basis to support the project. The initiative provides food at a vastly reduced price for around 65 households while also helping to reduce food waste. This year, we also introduced children’s cooking classes that used ingredients typically supplied by the food hub to create nutritious meals for the whole family, helping young people develop confidence and practical skills in the kitchen. This year, we continue to develop our systems and services and fine tune our strategy with a focus on how this can best impact our community. As always, we couldn’t do this without our wonderful team of volunteers, and we would like to express our sincere thanks to all of them for their commitment and support. Together, we can continue to deliver and grow 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 £52,084 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.. 4 ## The Welcome (Knutsford) Limited ## Trustees’ annual report for the year ended 31st March 2025 ## **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 2025 was 7 (2024:7). 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 2025 ## **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 29 December 2025 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 2025 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_ 29[th] December 2025 7 The Welcome (Knutsford) Limited statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2025 Unrestrirted funds Restrirted funds Total funds 2025 Total fund5 2024 Note Income from: Donations and legacies 32.560 32,560 49,632 Charitable activities 28,912 136,562 165,474 161,852 Other trading activities 60,639 60,639 39,359 Investments 91 91 67 Total income 122,202 136,562 258,764 250,910 Expenditure on: Raising funds 9,775 9,775 9,300 Charitable activities 116.376 139.385 255,761 224, 774 Total expenditure 126,151 139,385 265,536 234,074 Net income/(expenditure) before net gains/{losses) on investments (3.949) (2.823) (6,7721 16,836 Net income/(expenditure) for the year (3.949) (2.823) (6,772) 16,836 Net movement in funds for the year (3.949) (2.823) (6,772) 16.836 Reconciliation of funds Total funds brought forward 22.910 35.946 58,856 42,020 Total funds carried forward 18,961 33,123 52,084 58,856 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 2025 Note 2025 2024 Fixed assets Tangible assets 13 1.140 2,280 Total fixed assets 1.140 Current assets Debtors Cash at bank and in hand 14 808 54.617 754 60.231 15 Total current assets 55.425 60.985 Liabilities Creditors.. amounts falling due in less than one year 16 (4,481) (4,409) Net current assets 50,944 56,576 Total assets less current Ilabllltles 52,084 58,856 Net assets 52.084 58,856 The funds of the charity: Restricted income funds Unrestrirted income funds 33.123 18.961 35, 946 22,910 18 Total charity funds 19 52,084 58,856 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 ot part 15 ot 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 2911212025 and signed on their behalf by: John Kinney {Treasurer) The Welcome (Knutsford) Limited statement of Cash Flows for the year ending 31 March 2025 Note 2025 2024 Cash provided by/(used in) operating artivities 21 (5,705) 17,049 Cash flows from investing artivities.. Dividend5, interest, and rents from investments 91 67 Cash provided by/(used in) investing activities 91 67 Increa5e/(decreasel in cash and cash equivalents in the year (5,614} 17,116 Cash and cash equivalents at the beginning of the year 60,231 43,115 Cash and cash equlvalents at the end of the year 54,617 60,231 io The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 Accounting policies 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 p￿pared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021, 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 al historical cost or transaction value unless otherwise stated in the relevant accounting policy note. li The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) b Preparation of the accounts on a going Concern basis In common with many charities. the income of The Welcome is unpredirtable. 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 temi 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 arnount 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 ttsched 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 govemment and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any perfomiance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measure 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 executorlsl 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 executorfs 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 2025 (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 IFRS 1021, general volunteer time is not recognised,. refer to the trustees. annual report for more inforniation 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 arnount is then recoanised in exDenditure in the Deriod of receiDt. 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 accountlng Unrestrirted funds are available to spend on artivities 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 the￿ 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 artivity 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 artivities 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 offfice costs, finance, personnel, payroll and govemance costs which support the charity's programmes and artivities. These costs have been allocated between cost of raising funds and expenditu￿ 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 2025 (continued) l Tanglble flxed 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 20% 17010 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 th￿e months or less from the date 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 ￿lIablY. C￿dItorS 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, scherne. The charity's contribution is restrirted to the contributions disclosed in note 10. There were £431 outstanding contributions at the year end (2024- £497). Legal status of the charity The charity is a company limited by guarantee regISte￿d 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 2025 (continued) Income from donations and legacies Current reporting period Unrestrirted Restricted Total 2025 Donations Alan & Wendy Parker Hope Central Interflex Marketin Knutsford Rotary Oliver Valves Glebelands Ics Toft Tavemers 6,785 2.000 1,000 500 450 10,500 5,000 4,325 2.000 6,785 2,000 1,000 500 450 10,500 5,000 4,325 2,000 Total 32,560 32,560 Previous Reporting Period Unrestrirted Restricted Total 2024 Donations Alan & Wendy Parker Cheshire Masons Edmundson Elec Hope Central Interfiex 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 15 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) Income from charitable activities Current reporting period Unrestricted Restricted Total 2025 Cheshire Community Foundation Cheshire East Council Cheshire East - Knutsford Cheshire East - Oakmere Garfield Weston Great Places Housing Group The National Lottery Community Fund Awards for All Reaching Communities Wellbeing Knutsford Town Council Albert Hunt Charles Hayward Foundation stichting Anton Jurgens Hedley Foundation Ics Julia Rausing Co-op Food Other 7.568 20,000 7,500 10,000 15,000 2,559 15,000 20,000 17,055 15,000 7,568 20,000 7,500 10,000 15,000 17,559 15,000 20,000 17,055 15,000 5,000 3,000 3,000 2,880 2,000 1,912 500 2,500 15,000 5.000 3,000 3,000 2,880 1,000 1,000 1,912 500 2,500 Total 28,912 136,562 165,474 Previous Reporting Period Unrestrirted 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 Fit4Life 32.368 32,368 12,000 26,153 15,000 36,695 1,000 10,000 25,000 1,250 2,386 12,000 26.153 Is,000 5,360 1,000 10,000 31,335 25.000 1,250 2,386 Total 71.971 89,881 161,852 16 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) Income from other trading activities 2025 2024 Cafe Income (including Meals on Wheels) Room Hire 52,364 8,275 38,749 610 60,639 39,359 All income from other trading attivities is unrestritted. Cost of ralslng funds 2025 2024 Fundraiser's fees Marketing 9,133 642 9,300 9,775 9,300 All expenditure on cost of raising funds is unrestrirted. 17 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) Analysls of expendlture on charltable actlvltles Total 2025 Total 2024 Staff Salaries (note 10) Other Staff Costs Cafe Supplies Kitchen Equipment Kitchen repairs Rent Gas, Electricity and Water Other Premises Costs Printing, Postage and Stationery 141,987 997 30.541 833 1,461 10,500 20,363 6.833 859 129,172 63 30,824 376 509 10,500 9,598 6,132 1,119 E l! Telephone & Internet Other Office Costs IT Systems Insurance-contents & PI Activities Depreciation Miscellaneous Governance costs (see note 8) Support costs (see note 81 784 2,419 5,809 2,178 26,353 1,140 705 1,821 178 1.636 1,677 1,601 21,551 1,737 6,682 1,455 142 255,761 224,774 2025 2024 Restrirted expenditure Unrestricted expenditure 139,385 116,376 76,516 148,258 255.761 224,774 18 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) Analysis of governance and support costs Current reporting period Support Governance Total 2025 Accountancy Services Bookeeping Services Legal and professional 1,821 1,821 144 34 144 34 178 1,821 1,999 Prevlous Reportlng Perlod Support Govemance Total 2024 Accountancy Services Bookeeping Serrfices 1,455 1,455 142 142 142 1.455 1,597 The charity has one activity and therefore support costs are not apportioned. Net income/{expenditure) for the year This is stated after charging/{crediting)- 2025 2024 Depreciation Operating lease rentals- Property Independent Examiner's remuneration (gmss): Accountancy Bookkeeping Independent Examination 1,140 1,737 10.500 10,500 1.296 144 525 955 142 500 19 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) 10 Staff costs staff costs during the year were as follows- 2025 2024 Wages and salaries Social security costs Pension costs 132,958 3.094 5,935 121,310 4,627 3,235 141,987 129,172 Allocated as follows: Charitsble artivities 141,987 129,172 141,987 129,172 No employees has employee benefits in excess of £60,000 {2024- Nill. The average number of staff employed during the period was 7 (2024-7). The average full time equivalent number of staff employed during the period was 6 (2024.. 6)- The key management personnel of the charity comprise the Centre Manager. The total employee benefits of the key management personnel of the charity We￿ £43,055 12024.. £41,0041- 11 Trustee remuneratlon and expenses. and related party transactlons Two (2024.. 2) members of the management committee received reimbursed expenses during the year totalling £151 {2024.. £215). These expenses are included in note 7. No members of the management committee received travel and subsistence expenses during the year. 12024.. £Nill. Aggregate donations from related parties were Énil {2024- £nil). No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the tharity, including guarantees, during the year (2024- nil). 20 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) 12 Government grants The government grants recognised in the accounts were as follows (see note 4).. 2025 2024 Cheshire East Council Knutsford Town Council 37,500 15,000 12,000 52,500 12,000 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 2024 Additions 16.188 1,750 17,938 At 31 March 2025 16,188 1.750 17,938 Depreciation At l April 2024 Charye for the year 13,908 1,140 1,750 15,658 1,140 At 31 March 2025 15,048 1.750 16,798 Net book value At 31 March 2025 1,140 1,140 At 31 March 2024 2,280 2,280 21 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) 14 Debtors 2025 2024 Prepayments and accrued income 808 754 808 754 15 Cash at bank and in hand 2025 2024 Cash at bank and on hand 54.617 60.231 54.617 60,231 16 Creditors: amounts falling due within one year 2025 2024 Other creditors and accruals Taxation and social security costs 2,466 2,015 2,456 1,953 4,481 4,409 22 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) 17 Analysis of movements in restrirted funds Current reporting period t5aiance at l April 2024 balance at 31 March 2025 Income Expenditure Transfers Great Places Housing Group Cheshire Community Foundation Cost Of Living Sporting Assets Garfield Weston The National Lottery Community Fund Cheshire East Council Awards for All Reaching Communities Wellbeing Knutsford Town Council Charles Hayward Foundation 2.559 {2,559) 8,750 7,568 (10,000) 6,318 12,435 { 12.435) 9,250 5,250 15,000 15.000 { 15.000) (13,250) 9,250 7,000 37.500 20,000 17.055 {33.000) {20,000) {ii,000) 4.500 6,055 15,000 3,000 {15.000) (3,000) Hedley Foundation Ics Restricted donations 2,880 1,000 {2,880) { 1,000) (261) 261 Total 35,946 136.562 {139,385) 33,123 Previous reporting period Balance at l April 2023 Balance at 31 March 2024 Income Expenditure Transfe Alational Lottery Great Places Housing Group Community Spirit cheshi￿ 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 9.870 (3,450) (33.488) 32.368 8,750 2.500 1.000 26.153 (3,500) (13,718) 12,435 15.000 10,000 (5.750) (4, 750) 9.250 5,250 1.200 (939) 261 Total 21,381 91,081 (76,516) 35, 946 23 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) 17 Analysis of movements in restrirted funds (cont.) Name of restricted fund Description. nature and purposes of the fund Great Places Housing Group Greater Together Fund/trips CCF Cheshire Community Support Worker salary sUPPOrt/Meals on Wheels support and community trip support Cost of living support incl kitchen staff. Meals on Wheels and community artivities Cost Of Living Sporting Assets Garfield Weston The National Lottery Community Fund Cheshire East Council Core costs Salary support for centre activities. Counselling, Wellbeing attivities Core Costs, Meals on Wheels Support. Wellbeing, Staffing Awards for All Core Costs, Support worker Reaching Communities Wellbeing Knutsford Town Council Core Costs. Counselling. Staffing. activities Core Costs, Premises Charles Hayward Foundation Group Support Hedley Foundation Meals on Wheels support Ics Hardship Fund Restricted donations Building repairs 24 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) 18 Analysis of movement in unrestricted funds Current reporting period t5aiance at l April 2024 Asat31 March 2025 Income Expenditure Transfers General fLJnd 22,910 122,202 {126,151) 18,961 22,910 122,202 {126.151) 18,961 Previous reporting period 8alance at l AprFI 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 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 reporting period General fund Designated funds Restricted funds Total Tangible fixed assets Net current assets/{liabilities) 1, 140 17,821 1,140 50,944 33,123 Total 18,961 33,123 52,084 Previous reporting period General fund Designated funds Restricted funds Total Tangible flixed assets Net current assets/(liabilities) 2,280 20,630 2,280 56,576 35,946 Total 22,910 35, 946 58,856 25 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (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 2024 2025 2024 2025 Less than one year 21 Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Net incomel{expenditure) for the year Adjustments for: Depreciation charge Dividends, interest and rents from investments Decreasel{increase) in debtors Increase/(decrease) in creditors {6,772) 16,836 1,140 {91) (54) 72 1,737 (67) (419) (1,038) Net cash provided by/(used in) operating activities {5,705) 17,049 26 The Welcome (Knutsford) Limited Notes to the accounts for the year ended 31 March 2025 (continued) 22 Prior year Statement of Financial Activities (induding Income and Expenditure account) Unrestrirted funds Restrirted funds Total funds 2024 Total funds 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/(expendlture) for the year 2.271 14.565 16.836 (100,328) Net movement in funds for the year 2,271 14,565 16,836 (100,328J Reconciliation of funds Total funds brought forward 20,639 21,381 42,020 142,348 Total funds carrled forward 22,910 35,946 58,856 42,020 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing artivities. 27