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 othe￿iSe.
{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 othe￿iSe 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 ServI￿S
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 Se￿iceS 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 eX￿s$ 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 SerVi￿s.
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
othe￿iSe 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 prOje￿s.
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 a￿UraCY 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 s￿ned 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 Ac￿Unting 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 v￿th 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
re￿iVed 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 i￿egUlar1ties, 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 Un￿rtaInty 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 ent￿ed 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 Ong￿ng 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 gI￿dwIll. 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 re￿iVed 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-