COMPANY REGISTRATION NUMBER: N1070562 CHARITh REGISTRATION NUMBER: NIC103976 The Welcome Organisation Company Limited by Guarantee Financial Statements 31 March 2023 FEB CHARTERED ACCOUNTANTS Chartered accountsnts & statutory auditor Linenhall Exchange 1st Floor, 26 Linenhall Street Belfast Northern Ireland BT2 8BG
The Welcome Organisation Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Directors, annual report (incorporating the directorfs report) Independent auditorfs report to the members 10 Statement of financial activities (including income and expenditure account) 14 Statement of financial position 15 Statement of cash flows 16 Notes to the financial statements 17
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) Year ended 31 March 2023 The director5, who are also the directors for the purposes of company law, present their report and the financial statements of the chartty for the year ended 31 March 2023. Reference and admlnistrative details Registered charity name The Welcomè Organisation Charity registration number NIC103976 Company reglslratlon number N1070562 Prlncipal office and registered Townsend Enterprise Park office 36 Townsend Street Belfast BT13 2ES The dlrectors Mr. Patrick Dohety Mr. S Jackson Ms. L Millar MS K Strain Mr. J Whyte (Appointed 24 September 2013) (Appointed 22 July 2021) (Appointed 22 July 2021) (Appointed 22 July 2021) (Appointed 8 October 2021) Company secretary Jo Daykin-G¢)odall Audltor FEB Chartered Accountants Chartered accountanls & statutory auditor Linenhall Exchange 1 st Floor, 26 Linenhall Street Belfast Northem Ireland BT2 8BG Bankers Dankse Bank UK Donegal Square Belfast BT16JS Slructure, govemance and management The Welcome Organisation is a registered charity and operates as a company limited by guarantee status. The company was established under a memorandum of association which established the objects and powers of the charttable company and is govemed under its Articles of Association. In the event of the company being wound up members are required to contribule an amount not exceeding £1.
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Directorfs Report) (Condnued) Year ended 31 March 2023 Objectives and activities Strategic alms and actlvltles The strategic aims of the Organisation are as follows: al Relieve the poverty and distress of people vtho are suffering from the effects of hornelessness or the threat of homelessness in Northem Ireland (the "area of benefit'}, without distinction of sex, race, ethniaty, age, disability, or poltbcal. religious or other opinion in particular but not exdusively by the provision, or assistance in the provision, of: {il aeLommodation', {ii) advice, counselling and support services- {iii} befriending service. and {iv) drop-in centres b) Develop the skills and capacity of the members of the homeless community in such a way that they are better able to identify and help meet their needs and to participate more fulty in society, cl Advance the education of the public about the needs of people who are suffering from the effects of homelessness or threatened homelessness, d) Pursue any other charitable purpose which the Directors think fit to pursue in conjunction with any of the charitable objects mentioned above Powers In furtherance of the said objects, but not further or otherwise, the Company shall have power to: {a} provid8 or secure the provision of social and support services, educational and recreational facilities and practical assistance in the area of benefft- (b) provide or secure the provision of advice, counselling and infomiation and refer those in need of professional assistance to the relevant agencies. {c} provide, endow, fumish and fft out with all necessary fijmiture and other 4uipment and maintain such buildings, premises, and centres as may from time to time be required for the purposes of the Company., (d) Covoperate and enter inlo arrangements with any authorities. national, local or otheiSe. {e} bring together in Conferen representatives of voluntary organisations, Govemment departments, statutory authorities and individuals- (Q arrange and provide for, either alone or with others. the holding of exhibitions, meetings, lectures, classes, seminars or training courses. and recreational and other leisure - time activities., (gl collect and disseminate infonnation on all matters rdating to its objects, and to exchange such information with other bodies having similar objects whether in the United Kingdom or elsewhere. (h) write, print or publish. in whatever forn. such paper5, books, periodicals. pamphlets or other documents, including films and recorded material, as shall further its objects, and to issue or circulate Ihe same whether for payment or otheTWiS8'
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Directorfs Report) (contlnu8d) Year ended 31 March 2023 {1) accept subscriptions, donations. devises and bequests of and to purchase, take on lease or in exchange, hire or otheiSe acquire and hold any real or personal estate, maintain and alter any ofthe same as are necessary for any of the objects of the Company and (subject to such consenls as may be required by law) sell, lease or othetwise dispose of or mortgage any such real or personal estate, having due regard to the requirements of, or conditions established by. statutory authorities or bodies providing funds or assistance of any kind to the Company: (il issue appeals, hold public meetings and take such other steps as may be required for the purpose of procuring Contributions to the funds of the Company in the shape of donations, subscriplions or othenNiSe', {k} draw, make, accept, endorse, discount, execute and issue promissory notes, bills, cheques and other instruments, and to operate bank accounts., {1) borrow or raise money for the objects of the Company on such temis and (with such consents as are required by lawl on such security as may be thought fit provided thal the Company shall not undertake any pemianent trading activities in raising funds for the objects of the Company. (m) take and accept any gtft of money, property or other assets, whether subject to any special trust or not, for any one or more of the objects of the Company., (nj invest the monies of the Company not immediately required for its objects in or upon such investments, securities or property as may be thought fit, subject nevertheless to such conditions lif any) and such consents (if any) as may for the time being be imposed or required by law and subject also as hereinafter provided- (ol make any charitable donation either in cash or assets for the furtherance of the objects of the Company., (p) establish and support any charitable association or body and to subscribe or guarantee money for charitable purposes calculated to further the objecls of the Company. (q) make regulations f¢y the proper supervision, control and management of any propety which may be so acquired; (r) employ and pay any person or persons not being a Diredor of the Company to supervise, organise, carry on the work of and advise the Company,. Recruitment and Appointment of Board Members The Board of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Board. Under the requirements ofthe Memorandum and Artides of Association the members of the board are re-elected at the Annual General Meeting. The Organisation is govemed by a small competency based Board {see above) drawing upon professionals from a range of relevant disciplines. The Members role is to contribute to the effective govemance of The Welcome Organisation in promoting the vision, rnission, aims and objectives of the organisation. Recruitment of Board Members follows a fomial recruitment process based on the specific needs and skill set required.
The Welcome Organisation Company Limited by Guarantee Directors, Annual Report (Incorporating the Directorfs Report) (contlnu•dJ Year ended 31 March 2023 All members of the Board give their time voluntarily and received no benefits from the charity. Evaluation measures are used to ensure that semces are appropriate, accessible and represent good value to ensure limited resources are used to their best advantage to most effectively meet presenting and undedying needs. The Welcome Organisation seeks to complement existing services rather than to compete. Senlor Leadership Team Ms. Jo Daykin-Goodall Ms. Mo Sykes Mr. Kieran Hughes Chief Executive Officer Head of Corporate Service5 Head of Fundraising & Marketing HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT Soclal Capltal The Organisation creates value for people who are currendy homeless or at risk of homelessness and dis-connected from communty and services by: supporting networks that connect individuals vtho are diverse, sustaining generalised reciprocity. building diverse community through the delivery of services which challenge social marginalisation and isolation Achievements and evaluation of this objective is collected through case management outcomes, outcome monitoring and client profiling. The Organisation supports individuals who are homeless or at risk of homelessness. offering a range of services to include crisis interyention, support and advice, and accommodation support seNices which include a Drop-in Centre. Street Outreach, Floating support service and crisis and supported living accommodation for females. Collectively. all services provide 2417 coverage, 365 days a year. Social Economy As a social economy the Welcome Organisation eTnploys 50 full time and 16 part-time staff. In addition to this the organization also supports volunteering and throughout the year 24 individuals were engaged in regular activty at our sites. A further 125 individuals assisted special projects including organizing the Christmas gift appeal. We also commend the work of the volunteer fijndraisers including the 48 individuals who ran in the Belfast Marathon, the 17 who took part in the Belfast Castle abseil and another 65 who organized a variety of events throughout the year. Particular thanks this year to our Corporate Sponsors Citi Bank and the generosty of their staff, in particular the 45 individuals who took part in the Citi Sleepout and the 500 participants in the Citi 5k.
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2023 Health and Well Being The Organisation strives to promote positive changes which enhance health and well-being and contributes to the fulfilment of individual personslhuman aspirations and potential. In this year a 10-bed therapeutic supported living unit was opened for women who are homeless. living complex lives and ready to progress their journey towards independent living. The trauma informed service recognises the unique sttuation of these women and provides 24n support. We continue our other ServIS providing a holistic range of interventions for people who are homeless or at risk of homelessness including: provision of food, clothing. personal hygiene faciltties, laundry services and other interventions aimed at meeting basic needs and reduce hann supporting individuals to sustain accommodation and prevent homelessness access to SP8cialist services including counselling on drug and alcohol issues provision of regular health. housing and advisory clinics personal support to help individuals develop the skills and knowledge to improve their own wellbeing, and develop resilience skills in the face of difficulties.
The Welcome Organisation Company Llmited by Guarantee Directors. Annual Report (Incorporating the Directorfs Report) (contlnuedj Year ended 31 March 2023 Achievements and performance Drop-ln Support Services Funding from the Housing Executive's homelessness budget is made available to the Welcome Organisation to provide a Drop -in Centre for people who are rough sleeping, homeless or at risk of homelessness. The services provides for the basic needs of the individual {food, clothing, showers, laundry facilities) and a place of refijge. The Drop-in is underpinned by the provision of individual tailored support which recognises the unique circumstances and needs of the service user and provides a gateway to a broad range of SeiceS which are difficult for marginalised people to access nomially. These services indude access to healthcare in partnership with our colleagues at the Belfast Health Trust, benefft support, addiction services and mental health support. All services are delivered within a high tolerance, hami reduction model, which is central lo the Organisation's success in working with people with complex needs and challenging behaviours. In this year over a thousand unique clients used the Dropln seNices. Staff worked with clients lo ascertain their immediate and longer term needs. On a daily basis clients were provided with a range of practical assistance induding clothing, washing facilitses. The Drop-ln services also provided three meals every day, equating lo over ten thousand meals in the year. Staff also provided support interventions in eXs$ of 10,000 occasions this year, helping cli8nts access accommodation. In addition to supporting dients to find accommodation. staff also supported over 2,000 individual applications for welfare and benefit claims and managed a fijrther 2.100 interventions related to supporting clients their imme(liate physicavmentsl heaEth needs and access to addiction services. 2417 Street Outreach The Street Outreach service is funded from the Housing Executive's Prevention of Rough Sleeping in Belfast budget. The service delivers a rapid response to individuals who find themselves rough sleeping in the ¢ity. In this year we recorded over 500 rough sleepers and throughout the year the Outreach Teams provided basic needs lo those sleeping rough or engaging in street activity on over 15,000 occasions. The Outreach teams proactively seek out those who are sleeping rough. providing food and hot drinks, building relationships and gaining trust in order to support their journey off the streets. This year as well as meeting their basic needs, the Outreach teams helped rough sleepers to access relevant welfare benefits and financial support on over 1,000 occasions. The teams also provided help to rough sleepers on over 4,500 occasions in relation to their physical and mental health needs and referrals into addiction SerVis. The Street Outreach teams also provide an emergency response service (Code 7's) to support 'blue light, seryices. Where appropriate. individuals are transported back to their hostellaccommodation or if this is not feasible to the Drop-in as a place of safety and to rest. This aspect of the Outreach servi prevents misuse of acute setvices and eases the pressures on them. Wilhin the year there were 944 Code 7 calls with 869 responded to within 30 minutes {92¢/0). The highest number of calls received were from the public (564 calls) followed by 202 calls recewed from the PSNI.
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) {¢gnUnued) Year ended 31 March 2023 Annsgate Crisis Accommodation for Females The Welcome Organisation provides crisis accornmodation services to women presenting with high levels of need. The 10-bed space crash facility based at Annsgate is used by women who would otheiSe be sleeping out on the street. The service provides a place of safety and staff support clients on site. The demand on the service remains very high with 115 unique individuals using the facility in the year of which 61 % received support to move on from the service in a planned way. The facility is also re¢ognized as a gateway Service for women and enables them to access a wider range of more holistic services to meet their specific needs. Floating SUPPOrt services This service provided support up to 114 vulnerable individuals, who have secured accornmodation and need additional support to maintsin their tenancy. The service delivers a range of high to low flexible support services responding to the clients, fluctuating needs. The services are tailored to each individuals, parlicular circumstances. Catherine House This new service was launched in March 2023 and provides trauma infonned supported accommodation with staff on hand 2417. This innovative service recognises the impact of trauma and IS 5ensttive to the specific needs of individuals living with trauma and moving towards independent living. By the end of March 2023 Catherine House was 500/0 full. It is now occupied at 1000/0. Mobile Health Unit The mobile health unit is now in its secondyearofoperation and provldes much needed medical support to the most vulnerable who would otherwise be unlikely to access the healthcare they need. Operating in Belfast and the North West in partnership with the Health Trusts the provision includes critical vaccination seNices and primary health care needs. To conclude the review of servicès we also note that our staff are trained to administer Naloxone which is an evidence-based intervention that can save Itves by blocking or reversing the effects of a heroin or opioid overdose. Naloxone is available across all our services and staff are trained to recognise the signs of overdose and to respond appropriately thereby reduung drug-related deaths. This year across the services, our staff administered Naloxone on 157 occasions.
The Welcome Organisation Company Limited by Guarantee Dlrectors. Annual Report (Incorporating the Directorfs Report) {¢onUnue Year ended 31 March 2023 Flnancial review PRINCIPLE FUNDING SOURCES Financial revlew Against the backdrop of limited resources and insecuritses over funding, it has contFnued to be difficuli to plan or develop services. Nevertheless the charity, with the aid of sound financial management and the support of both its staff and volunteers generated a positive financial outcome for the period with a net increase in funds of £272,655. Recurrent funding Services are primarily funded by the Housing Executive's Homelessness and Supporting People programmes by way of grant and contract income from Northem Ireland Housing Executive. Fundlng (other) Asid8 from r8current funding we continue to generate income through fund raising activities and charitable donations. Our Charity of the Year partnership with Citi Bewast has be8n v8ry successful and w8 have also increased our number of regular donors-, we ujrrenlly have over 180 individuals who donate either monthly or annually. As we seek to fijrther develop our services the charity wll continue to seek to diversify funding sources. Designated Reservos In order to make a judgement on the amount of reserve th8 Board consider Ihe risks in respect of expenditure. unrestricted income and where appropriate restricted incorne and where funds can only be realised by the disposal of a fixed asset. A risk assessment is undertaken annually and detemiined using a Risk Identtfication approach. Also taken into consideration are any extemal identified potential major risks to income and expenditure during the year. Designated reserves therefore reflect areas outlined in the Organisations Risk Register which is maintained to ensure identified risks are mitigated for and managed appropriately. The Organisation has adopted a policy io build up and retain cash reserves equalling 6 months running costs. to reflect: historic delays in statutory funding receipts. - withdrawal or reduction of govemment funding - support for Organisational growth Reserves and Risk are reviewed regularfy as part of the Business Planning and included in Financial reporting at regular Board Meetings. Rlsk Management The Board has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at leasl annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces.
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (¢gnUnuedJ Year ended 31 March 2023 Intemal control risks are minimised by the implementstion of procedures for authorisation of all transactions and prOjes. Policies and procedures are in place to ensure compliance with health and safety of staff, volunteers, lients and visitors services. Procedur8s are periodi(llY reviewed to ensure that they continue to meet the needs of the charity. Charitable Status The Organisation continues to be registered as a charitywith the Northem Ireland Charities Commission and evidenced compliance standards. Directors, responsibilities statèmont The directors, who are also directors for the purposes of company law, are responsible for preparing the directors. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice). Company law requires the charity directors to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of r8sourc8s, including the income and expenditure, for that period. In preparing these financial statements, the directors are required to.. select suitab18 accounting pdiaes and then apply them consistently: observe the methods and prinaples in the applicable Chariiies SORP., make judgements and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity WTII continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable aUraCY at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporatlng the Director's Report) (contlnued) Year ended 31 March 2023 Auditor Each of the persons who is a director at the date of approval of this report confimis that: so far as they are aware, there is no relevant audit infomiation of which the charty's auditor is unaware" and they have taken all steps Ihat they ought to have taken as a director to make themselves aware of any relevant audit information and to establish thal the charity's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordanc8 With secl¢on 487 of the Companies Act 2006. Small company provlslons This report has been prepared in accordan with the provisions applicable to companies entitled to the small companies exemption. The directors. annual report was approved on 3 July 2023 and sned on behalf of the board of trustees by: Mr J Whyte Director io
The Welcome Organisation Company Limited by Guarantee Independent Auditor's Report to the Members of The Welcome Organisation Year ended 31 March 2023 Oplnlon We have audited the financial statements ofThe Welcome Organisation {the'chartty') forthe yearended 31 March 2023 which comprise the statement of financial activities {including income and expenditure account), statement of financial position, ststement of cash flows and the related noles, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted AcUnting Practice). In our opinion the financial statements.. glve a true and fair view ofthe state of th8 charity's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice,. have been prepared in accordance wtlh the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK} {ISAs (UK)) and applicable law. Our responsibilities under those standards are fijrther described in the auditor's responsibilities for the audtt of the financial statements section of our report. We are independent of the charity in accordan with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requiremenls. We believe that the audit evidence we have obtalned is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to going concern In auditing the financial statements, we have conduded that the directors, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concem are described in the relevant sections of this report.
The Welcome Organisation Company Limited by Guarantee Independent Auditorfs Report to the Members of The Welcome Organisation (contlnu8dJ Year ended 31 March 2023 Other Informatlon The other infomiation comprises the infomiation induded in the annual report, oth8r than the financial slatemenls and our auditorfs report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other infomation and, except to Ihe extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibilty is to read the other infomiation and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othemise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other infonnation. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we ar8 required to report that fact. Wé hav8 nothing to report in this regard. Oplnlons on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infonnation given in the directors, report for the financial year for which the financial statements are prepared is consistent with the financial statements- and the directors, report has been prepared in accordance vth applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you rf. in our opinion= adequate accounting records have not been kept, or retums adequate for our audit have not been reiVed fmm branches not visited by us., or the financial statements are not in agreement with the accounting records and retums., or certain disclosures of directors, remuneration specified by law are not made: or we have not received all the information and explanations we require for our audit., or Ihe directors were not entttled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the directors. report and from the requirement to prepare a stralegic report. 12-
The Welcome Organisation Company Limited by Guarantee Independent Auditorfs Report to the Members of The Welcome Organisation {continued) Year ended 31 March 2023 ResponsSbilities of directors As explained more fully in the directors. responsibilities statement. the directors (who are also the directors for the purposes of company law} are responsible for the preparation of the financial statements and for being satisfied that they gNe a true and fair view. and for such intemal control as the directors detemiine is necessary to enable the preparation of financial statements that are free from materfal misststement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the charity's ability to continue as a going concem, disdosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the directors either intend to liquidate the charity or to cease operations, or have no realistic altemative but to do so. Auditor's responsibllities for the audlt of the financial statemonts Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from malerial misstatement. whether due to fraud or error, and to issue an audÈtorfs report Ihat includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can artse from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance wtth laws and regulations. We design procedures in line with our responsibilities, outlined above. lo delect material misstatements in respect of iegUlar1ties, including fraud. The exient to which our procedures are capable of detecting irregularities. including fraud is detailed below: We obtsined an understanding of the legal and regulalory framework applicable to the Company through enquiry of management, industry research and the application of cumulative audit knowledge. We identified the following principal laws and regulations relevant to the Company - Companies Act 2006 and the Finanaal Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102). We developed an understanding of the key fraud risks to the entity (including how fraud might occur), the controls in place to help mitigate those risks, and the accounts, balances and disclosures within the financial statements which may be susceptible to management bias. Our understanding was obtained through review of the financial statements for significant accounting estimates, analysis of joumal entries, walkthrough of the key control cydes in place and enquiry of management. As part of an audit in accordan with ISAS (UK). we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error. design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion. forgery, intentional omissions. misrepresentations, or the override of internal control. Obtain an understanding of intemal control relevant to the audit in order lo design audit procedures that are appropriate in the circumstances, but not forthe purpose of expressing an opinion on the effectiveness of the intemal control. 13
The Welcome Organisation Company Limited by Guarantee Independent Auditorfs Report to the Members of The Welcome Organisation (contlnue(Q Year ended 31 March 2023 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. Conclude on the appropriateness of the directors. use of the going concem basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related lo events or condttions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude Ihat a malerial UnrtaInty exists, we are required lo draw attention in our audilorfs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modrfy our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditions rnay cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial slaternenls, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and signrfiGant audit findings, including any signfficant deficiencies in intemal control that we identfy during our audiL Use of our report Thls report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit worf( has been undertaken so that we might state to the charity's members those matters we are required to stste to them in an audttorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the chartty's members as a body, for our audit work, for this report, or for the opinions we have foThed. Michael Flannigan {Senior Statutory Audtior) For and on behalf of FEB Chartered Accountants Chartered accountants & statLrtory auditor Linenhall Exchange 1 st Floor, 26 Linenhall Street Belfast Northem Ireland BT2 8BG 3 July 2023 14-
The Welcome Organisation Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legacies Charitsble activities Investment income 320,311 1,722,473 30.054 2,042,784 30,054 3,103 1,783,273 3,394 3.103 Total Incom 323.414 1,752,527 2,075,941 1,786,667 Expenditure Expenditure on raising funds: Drop in Centre Crisis Accommodation street Outreach Management and administration Floating Support Catherine House Welcome Home 36.212 315,271 177,210 353,673 549,393 190,747 89.466 351,483 177,210 370,611 623,360 191,157 89,466 241,654 132,324 365,293 637,267 275,256 10 11 12 13 14 16,938 73,967 410 2,89g Total expenditure 127,527 1.675,759 1,803,287 1,654,693 Net Income and net movement In funds 195,887 76.768 272,654 131,974 Reconciliation of funds Total funds brought forward Total funds carrled forward 1,257.292 1,257,292 1,529,947 1,125.318 1.453.179 76,768 1,257,292 The statement of finanual activities includes all gains and losses reccgnised in the year. All income and expenditure dertve from continuing activities. 15-
The Welcome Organisation Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Flxed assets Tangible fixed assets 19 325,880 363,314 Current assets Debtors Cash at bank and in hand 20 52,909 1,318,115 92,283 1.103,747 1,371,024 1,196,030 Creditors: amounts falling due wlthln one year Net current assets 21 166,958 302,052 1,204,066 893,978 Total assets less current Ilabilities 1,529,946 1,257,292 Net assets 1,529,946 1,257,292 Funds of the charity Restricted funds Unrestricted funds 197,301 1,332,646 1,257,292 Total charity funds 23 1.529,947 1,257,292 These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 3 July 2023, and are signed on behalf of the board by: Mr J Whytè Direclor 16-
The Welcome Organisation Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2023 2023 2022 Cash flows from operating activitFes Net income 272,654 131.974 Adjustments for.. Depreciation of tangible fixed assets 104,292 80.004 Changes in.. Trade and other debtors Trade and other creditors 39,374 {135,094) 281,226 29,915 (72,883) 169,010 Cash generated from operations Cash flows from Investlng actlvltles Purchase of tangible assets Proceeds from sale of tangible assets Net cash used in investing activities (78,079) (185,181) 11,221 (66,858) (185,181) Net incroas8 in cash and cash equivalents Cash and cash equivalents at beglnnlng of year Cash and cash equlvalents at end of year 214,368 1,103,747 {16,171) 1,119,918 1,318,115 1,103,747 17-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General Information The charity is a public benefft entity and a private wmpany limited by guarantee, registered In Northem Ireland and a registered charity in Northern Ireland. The address of the regislered office is Townsend Enterprise Park, 36 Townsend Street, Belfast, BT13 2ES. Statement of compllance These financial statements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arKI Republic of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Companies Act 2006. Accounting policies Income recognltlon Incoming resources represent grant funding from statuiory bodies and community programmes, donations from the public. sundry income from other sources and investment income. Basis of preparation The financial statements have been prepared on the historical cost basis, as modffied by the revaluation of certain finanaal assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currenoy of the entity. Pension contributions The pensions cost charged in the financial statements represents the contribution payable by the company during the year. Golng concern Covid-19 Management has considered the consequen$ of COVID-19 and other events and conditions, and it has determined that. while s¢gnificant. they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concem. The directors have considered the adequacy of working capital faciltties available to the company, and have prepared budgets and cashflow ststements and management accounts post year end, and are satisfied that it Is appropriate for the financial statements to be prepared on a going concern basis. The impact of COVID-19 on future perf0mlan and therefore on the measurement of some assets and liabilities or on liquidity might be significant and might therefore require disclosure in future financial statements, but management has determined that they do not create a material uncertainty that casts doubt upon the entity's abilty to continue as a going concem. 18
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (¢ontlrniedJ Year ended 31 March 2023 Accounting policies fconunued) Expendlture recognitlon Capital grants received in respect of the acquisition or construction of fixed assets are credited to deferred captlal grants in the balance sheet and are released to the income and expenditure account over the useful economic life of the asset for which the grant was awarded. Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the arnount prepaid. Credltors Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nom)ally recognised at their setdement amount after allowing for any discounts due. Employee beneflts When employees have rendered Servi to the charity, short-term employee benefits lo which the employees are ented are recc*3nised at the undiscounted amount expected to be paid in exchange for that service. The charity operates a defined contribution plan for the benefft of tts employe8s. Contributions are expensed as they become payable. Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Judgements and kay sources of estlmation uncertainty The preparation of the financial ststements requires the Board to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumslances. The estimates and underlying assumptions are reviewed on an Ongng basis. Foreign currencies Foreign currency transactions are initialw recorded in the fvnctional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date. with any gains or losses being taken to the statement of financial activities. 19
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (eontlnued) Year ended 31 March 2023 Accounting policies (condnued) Fund accountlng Unrestricted funds - Unrestricted funds are available to be used in the furtherance of the general charitable objedives of the company. Restricted funds- Restricted funds are subject to restrictions on use, which ara legally binding. Incoming resources All Incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic beneffts associated with the transaction will flow to the charity and the amount can be reliably measured. The following spe¢ific policie5 are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entilemenl to the gtft, receipt is probable and its amount can be measured reliabty. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at th8 fair value of the goods unless this Is impractical to measure reliably, in which se the value is derived from the cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for the suppty of services is rec(*Jnised with the delivery of the contracted service. This is dassified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case tt may be regarded as restricted. Resources expènded Expendtture is induded in the financial statements on an accruals basis and includes VAT where applicable. Staff costs including related overhead costs are allocated to activities on the basis of estimated time spent on those activities. Tangible assets All fixed assets are initially recorded at cost. Depreciatlon Depreciation is calculated so as to write off the cosl orvaluation of an asset, less its residual value, over the useful economic life of that asset as follows: Property Improvements Motor Vehicles Equipment 10 % straight line 20 /0 straight line 25Q/o straight line -20-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements {¢ontlnu•dJ Year ended 31 March 2023 Accounting pollcies (¢ondnu•d) Impairmenl of fixed assets A review for indicators of impaimient is carried out at each rep¢)rting date. with th8 recoverable amount being estimated where such indicalors exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impaiment testing. when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of gIdwIll. the goodwill acquired in a business combination is, from thè acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of Ihe charity are assigned to those units. Defined contributlon plans Conlributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be setued wholly wtthin 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwnding of the discount is recognised as an expense in the period in which it arises. Llmited by guarantee The Welcome Organisation is a company limtted by guarantee. not having share capital. It Is also a charity registered with the Charity Commission. Donations and legacles Unrestricted Funds Restricted Total Funds Funds 2023 Donations NIHE Supporting People Housing Benefft Donations Grants Gift Aid Income Tax Rental Income 1.165,716 365,155 48,480 38.552 83,853 1,165,716 365,155 48,480 340,692 83,853 18,171 20,717 302,140 18,171 20,717 320,311 1,722,473 2,042,784 21
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements {contlnu8dJ Year ended 31 March 2023 Donations and legacies (contlnued) Unrestricted Funds Restricted Total Funds Funds 2022 Donations NIHE Supporting People Housing Benefft Donations Grants Gift Aid Income Tax Rental Income 966,408 459,136 28,077 966,408 459,136 28,077 225,414 56,785 19,927 27,526 225,414 9,586 19,927 47,199 27,526 254,927 1.528,346 1,783,273 Charitable activities Restricted Total Funds Funds 2023 Restrirted Total Funds Funds 2022 Other income 30,054 30,054 3,394 3,394 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 3,103 3,103 Drop in centre Unrestricted Funds Restricted Total Funds Funds 2023 Wages and salaries Client welfare Repairs and maintenan Postage, printing and ststionery Telephone and computer costs Depreciation - propety improvements General Expenses 301,086 301,086 17,602 7,626 796 1,259 18,610 4,504 17,602 7,626 796 1,259 18,610 4,504 36,212 315,271 351,483 -22-
The Welcome Organisation Company Limited by Guarantee Notes to the Flnancial Ststements (continued) Year ended 31 March 2023 Drop In centre (contlnu8d) Unrestricted Funds Restricted Tolal Funds Funds 2022 Wages and salaries Repairs and maintenance Postage, printing and ststionery Telephone and computer costs Depreciation - property improvements General Expenses 212,312 3,359 212,312 3,359 19,027 19,027 6,956 6,956 19,027 222,627 241,654 Crisis accommodallon Unrestrict8d Funds Restricted Total Funds Funds 2023 Wages and salaries Heat and light Client welfare Repairs and maintenanc8 General Expenses Telephone Household mat8rials Rent, rates and insuran 141.504 6,227 261 2,113 9,961 1,141 141,504 6,227 261 2,113 9,961 1,141 16,003 16,003 177,210 177,210 Unrestricted Funds Restricted Total Funds Funds 2022 Wages and salaries Heat and light Client welfare Repairs and maintenan General Expenses Telephone Househdd materials Rent, rates and insurance 107,034 1.297 107,034 1,297 9,217 2,051 9,217 2.051 714 133 11,878 714 133 11,878 132,324 9,217 123,107 -23-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 10. Street outreach Unrestricted Funds Restricted Total Funds Funds 2023 Wages and salaries Client welfare General expenses Postage, printing and stationery Motor vehicles Repairs and maintenance Telephone Depreciation - motor vehicles Cleaning 314.928 7.550 706 79 29,486 254 470 314,928 12,681 706 79 29,486 254 470 11,807 200 5.131 11,807 200 16,938 353,673 370,611 Unrestricted Funds Restricted Total Funds Funds 2022 Wages and salaries Client welfare General expenses Motor vehicles Repairs and maintenance Telephone Depreciation - motor vehicl8s Cleaning 281,335 27,328 546 22,803 3.677 320 281,335 30,462 3,134 22,803 3,677 320 20,339 5,811 20,339 5,811 23,473 341.820 365,293 11. Management and Admlnlstratlon Unrestricted Funds Restricted Total Funds Funds 2023 Wages and salaries Client welfare Pension provision Rent, rates and insurance Telephone and computer expenses Heat and light Office expenses Audit fees Promotional costs Membership fees Depreciation - equipment Bank fees Equipment hire and rental General expenses Repairs and maintenance Other staff expenses Motof expenses Profiv Loss on Disposal 289,383 289,383 49 4,860 54.871 13.699 38.328 9.121 7,417 2,801 8,200 4,860 54,871 13,699 38,328 9,121 7,417 2,801 8,200 73,873 961 16,476 61,123 6,809 26.912 3.005 5,472 73.873 961 16,476 61.078 6,809 26,912 3,005 5.472 73,967 549,393 623,360 24-
The Welcome Organisation Company Limited by Guarantee Notes to the Financlal Statements (¢ontlnuedJ Year ended 31 March 2023 11. Management and Admlnlstration {continued) Unrestricted Funds Restricted Total Funds Funds 2022 Wages and salaries Client welfare Pension provision Rent, rates and insurance Telephone and computer expenses Heat and light offi expenses Audit fees Promotional costs Membership fees Depreciation - equipmènt Bank fees Equipment hire and rental General expenses Repairs and maintenance Other staff expenses Bad Debt Write Off Motor expenses 327,520 18 6,245 45,581 21,616 24,186 9,372 300 3,777 7,929 327,520 13,262 6,245 45,581 21,616 24,186 9,372 300 3,777 7,929 40,638 677 5,181 74,904 10,860 24,795 13,244 40,638 677 5,181 74,904 10,860 24.795 20,424 20,424 53,882 583,385 637,267 12. Floating support Unrestricted Funds Restricted Total Funds Funds 2023 Wages and salaries Travel and subsistence Postage, printing and stationery Heat and light Equipment hire and rental General expenses Client welfare Telephone Repairs and maintenance 167,465 5.968 23 120 480 8,592 160 1,953 5.986 167,465 5,968 23 120 480 8,592 570 1,953 5,986 410 410 190.747 191,157 Restricted Total Funds Funds 2022 Unrestricted Funds Wages and salaries Travel and subsislence General expenses Client welfare Telephone Repairs and maintenance 254,313 3.780 13.033 2.026 17 1,714 254,313 3,780 13,033 2,399 17 1,714 373 373 274,883 275,256 -25-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 13. Catherine House Restricted Total Funds Funds 2023 Restricted Total Funds Funds 2022 Wages and salaries Postage, printing and stationery Heat and light Equipment hire and rental General expenses Recruitrnent Rent, rates and insurance Telephone Repairs and maintenance 20,896 20,896 611 1,636 16,680 22,733 24,333 148 2,424 611 1,636 16,680 22,733 24,333 2,424 89,466 89,466 14. Welcome Home Restricted Total Funds Funds 2023 Restricted Total Funds Funds 2022 Wages and salaries Other staff expenses 2,299 600 2,299 600 2,899 2,899 15. Net Income Net Income is ststed after chargingl(credtting): 2023 2022 Depreciation of tangible fixed assets 104,292 80.004 16. Auditors remuneration 2023 2022 Fees payable for the audit of the financial statements 3,000 2,700 17. Staff costs The total staff costs and employee beneffts for the reporting period are analysed as follows: 2023 2022 Wages and salaries Social security costs Employer contributions lo pension plans 1,135,389 82,799 17,073 1,089,499 77,950 17,364 1,235,261 1,184,813 -26-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2023 17. Staff costs (contlnued) The average head count of employees during the year was 80 (2022.. 81). The average number of employees during the year is analysed as follows: 2023 No. 2022 No. Drop in Centre Crisis Accommodation Street Outreach Administration AnnsGate Floating Bank Catherine House 15 16 19 14 14 14 14 23 80 81 No employee reiVed employee benefits of more than £60.000 during the year (2022: Nil). 18. Trusteè remunèration and expenses None of the truslees received any remuneration in the year. 19. Tanglble flxed assets Land and buildings Motor vehicles Equipment Total Cost At 1 April 2022 Additions Disposals At 31 March 2023 624,002 58,143 131.657 424,478 19,936 (5,9991 438,415 1,180,137 78,079 {31,979) 1,226,237 {25,980} 105,677 682.145 Depreciation At 1 April 2022 Charge for the year Disposals At 31 March 2023 518.606 18.611 74,742 11,807 (15.050) 71.499 223,475 73,874 {5,708) 291,641 816,823 104,292 (20,7581 900,357 537,217 Carrying amount At 31 March 2023 144,928 34.178 146,774 325,880 At 31 March 2022 105.396 56,915 201,003 363,314 20. Debtors 2023 2022 Prepayments and accrued income Other debtors 35,703 17,206 64,257 28,026 52.909 92,283 -27-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (conilnu•d) Year ended 31 March 2023 21. Credilors: amounts falllng due wlthln one year 2023 2022 Trade creditors Accruals and deferred income Social security and other taxe5 Pension provision Other creditors 18,925 114,097 29,650 1,144 3,142 27,336 207,749 61,479 5,507 (19) 302,052 166.958 22. Pensions and other post retirement benefits Defined contrtbution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4,860 (2022.. £6,245). 23. Analysls of charitabl8 funds Unrestrlcted funds At 1 Apr 2022 At Transfers 31 Mar 2023 Income Expenditure Unrestricted funds 1.257.292 323.414 (127,527) 1,453,179 At 1 Apr 2021 At Transfers 31 Mar 2022 Income Expenditure Unrestricted funds 1,125,318 254,927 (105,972) {16,981) 1.257,292 Restrlcted funds At 1 Apr 2022 At Transfers 31 Mar 2023 Income Expendttur8 Restricted funds 1.752.527 {1.675,759) 76,768 At 1 Apr2021 At Transfers 31 Mar 2022 Income Expenditure Restricted funds 1.531.740 (1,548,720) 16.981 -28-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 24. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets 325,880 1.127,299 325,880 1,204,067 76,768 Net assets 1.453,179 76,768 1.529,947 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets 363,314 893,978 363,314 893,978 Net assets 1,257,292 1,257,292 25. Analysis of changes In net debt At At 1 Apr 2022 Cash flows 31 Mar 2023 Cash at bank and in hand 1.103.747 214,368 1,318,115 -29-