COMPANY REGISTRATION NUMBER: N1070562
CHARITY REGISTRATION NUMBER: NIC103976
The Welcome Organisation
Company Limited by Guarantee
Financial Statements
31 March 2024
FEB CHARTERED ACCOUNTANTS
Chartered accountants & statutory auditor
Linenhall Exchange
1 st Floor,
26 Linenhall Street
Belfast
Northern Ireland
BT2 8BG

The Welcome Organisation
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Directors, annual report (incorporating the director's report)
Independent auditorfs report to the members
statement of financial activities (including income and
expenditure account)
12
16
Statement of financial position
17
Statement of cash flows
18
Notes to the financial statements
19

The Welcome Organisation
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The directors, who are also the directors for the purposes of company law. present their report and the
financial statements of the charity for the year ended 31 March 2024.
Reference and adminislrative details
Registered charlty name
The Welcome Organisation
Charity registratlon number
NIC103976
Company reglstration number N1070562
Principal office and registered Townsend Enterprise Park
office
36 Townsend Street
Belfast
BT13 2ES
The directors
Mr P Dohety
Mr S Jackson
Ms L Millar
Ms K Strain
Mr J Whyte
(resigned 30 June 2023>
Company secretsry
Jo Daykin-Goodall
Auditor
FEB Chartered Accountants
Chartered accountants & statutory auditor
Linenhall Exchange
1st Floor,
26 Linenhall Street
Belfast
Norlhem Ireland
BT2 8BG
Bankers
Bank of Ireland
Belfast City Branch
Belfast
BT12BA
Structure* govemance and management
The Welcome Organisation is a registered charity and operates as a company Ilmlted by guarantee
status. The company was established under a memorandum of association which established the
objects and powers of the charitable company and is govemed under its Articles of Association. In the
event of the company being wound up members are required to contribute an amount not exceeding
£1.

The Welcome Organisation
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Directorfs Report) (eontlnu8d)
Year ended 31 March 2024
Objectives and actlvltles
Strategic aims and a¢tlvities
The strategic aims of the Organisation are as follows:
a) Relieve the poverty and distress of people who are suffering from the effects of homelessness or
the threat of homelessness in Northem Ireland (the 'area of benefit.), wilhoul distinction of sex, race,
ethnicity, age, disability, or political, religious or other opinion in particular but not exclusively by the
provision, or assistance in the provision, of..
{1) accommodation.,
{ii) advice, counselling and support Se￿ices-
{iii) befriending service- and
{iv) droFFin centres
b) Develop the skills and Gapacity of the members of the homeless communty in such a way that they
are better able to identify and help meet their needs and to participate more fulty in society,
c) 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 frt 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) provide or secure the provision of social and support services. educational and recreational
facilities and practical assistance in the area of benefit.,
{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 fit out with all necessary fumiture and other equipment and maintain
such buildings, premises, and centres as may from time to time be required for the purposes of th8
Company.
(d) co-operate and enter into arrangements wyth any authorities, national, local or othernise"
(e} bring together in conference representatives of voluntary organisations, Govemment departments,
statutory aulhorities and individuals-
(n arrange and provide for, either alone or with others. the holding of exhibitions, meetings, lectures,
classes, seminars or Iraining courses, and recreational and other leisure - time activities.
(g) collect and disseminate information on all matters relating 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 form. such papers, books, periodicals, pamphlets or other
documents, including films and recorded material, as shall further its objects, and to issue or circulate
the same whether for payment or otherwise;

The Welcome Organisation
Company Limited by Guarantee
Directors, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2024
(i) accept subscriptions, donations, devises and bequests of and to Pufchase, take on lease or in
exchange, hire or othe￿iSe acquire and hold any real or personal estate, maintain and alter any of the
same as are necessary for any of the objects of the Company and (subject to such consents as may
be required by law) sell, lease or otherwise 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:
U) issu8 appeals, hold public meetings and take such other steps as may be required for the purpose
of procuring contributlons to the ￿ndS of the Company in the shape of donations, subscriptions or
otherwise.,
(k) draw, make, accept, endorse, discount. execute and issue promissory notes, bills, Cheques and
other instruments, and to operate bank accounts:
(l) borrow or raise money for the objects of the Company on such ternis and (with such consents as
are required by law) on such security as may be thought fit provided thal the Company shall not
undertake any permanent trading activities in raising funds for the objects of the Company.,
(m) take and accept any gift af money, property or other assets, whether subject to any special trust or
not, for any one or more of the objects of the Company;
(n) invest th8 monies of the Company not immediatety required for ils objects in or upon such
investments, securities or property as may be thought fit, subject nevertheless to such conditions (if
any) and such consents (rf any) as may for the time being be imposed or required by law and subject
also as hereinafter provided.
(o) make any Charitable donation either in cash or assets for the fijrtherance 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 objects of the Company.,
(q) make regulations for the proper supeNision, control and management of any property which may
be so acquired-
(r) employ and pay any person or persons not being a Director of the Company to supervise, organise,
carry on the work of and advise the Company;
Recrultment and Appointment of Board Members
The Board of the company are also charty trustees for the purposes of charity law and under the
company's Articles are known as members of the Board.
Under the requirements of the
Memorandum and Articles of Association the members of the re-elected at the Annual General
Meeting.
The Organisation is governed by a small competency-based Board drawing upon professionals from a
range of relevant disciplines. The Member's role is to contribute to the effective govemance of The
Welcome Organisation in promoting the vision, mission. aims and objectives of the organisation.
Recruitment of Board Members follows a formal recruitment process based on th8 specific needs and
skill set required.

The Welcome Organisation
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (contlrtU8d)
Year ended 31 March 2024
All members of the Board give their time voluntarily and reGeived no benefits from the charity.
Evaluation measures are used to ensure that services are appropriate, accessible and represent good
value to ensure limited resources are used to their best advantage to most effectively meet presenting
and underlying 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
Ms Colleen Hamilton
Chief Executive Officer
Head of Corporate se￿ices
Head of Fundraising & Marketing
Head of Operations
HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT
Social Capital
The Organisation creates value for people who are Currently homeless or at risk of homelessness and
dis-connected from community and services by:
supporting networks that connect individuals who are diverse, sustaining generalised reciprocily.
-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 oulcomes,
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 intervention, support and advice, and accommodation 5UPPOrt setvices
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.
Soclal Economy
As a social economy the Welcome Organisation employs 46 full-time and 7 part-time staff.
In addition to this the organisation also supports volunteering and throughout the year 21 individuals
were engaged in regular activity at our sites. A further 190 individuals assisled special projects
including organising the Christmas gift appeal.
We also commend the work of the volunteer fundraisers including the 45 individuals who ran in the
Belfast Marathon for Welcome. Particular thanks this yaar to our Corporate Sponsors Mortgage IQ
and the generosity of their staff, in particular everyone who took part in the various events they held
throughout the year, including a fijndraising Night at the Races which raised over £5000 and the
branch-to-branch cycle which also raised over £5000. The team also committed over 15 staff
members to onewoff volunteering at Welcome.

The Welcome Organisation
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Health and Well Being
The Organisation strives to prornote positive changes which enhance health and well-being and
conlributes to the fuifilment of individual personslhuman aspirations and polential. This was the first
operational year of our 10-bed therapeulic supported living unit for women who are horneless. living
complex lives and ready to progress their journey towards independent living. The traurna infomed
service recognises the unique situation of these women and provides 2417 support. We continue our
other services providing a holistic range of interventions for people who are homeless or at risk of
homelessness including:
provision of food. clothing, personal hygiene facilities, laundry services and other interventions
aimed at meeting basi¢ needs and reduce hami
supporting individuals to sustain accommodation and prevent homelessness
access to specialist 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 Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Achievements and performance
Drop-ln Support Services
Funding from the Housing Executive's homelessness budget is made available lo the Welcome
Organisation to provide a Drop -in Centre for people who are rough sleeping, homeless or at risk of
homelessness. The service provides for the basic needs of the individual (food, clolhing, showers,
laundry facilities) and a place of refuge. 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 services which are difficult for marginalised people to access
normally.
These services include ac¢ess to hea￿hcare in partnership with our colleagues at the Belfast Health
Trust's Belfast Inclusion Health Service. benefit support, addiction services and mental health support.
All services are delivered within a high tolerance, hami reduction model, which is central to the
Organisation's success in working with people with complex needs and challenging behaviours.
In this year 1390 unique clients used the Drop-ln services. presenting to US OV8r 16,000 times
combined. 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 including Glothing, washing facilities.
The Drop -In services also provided three meals every day, equating to over ten thousand meals in
the year.
staff also provided support interventions in excess of 11,400 o¢¢asions this year, helping clients
access accommodation.
In addition to supporting clients to find accommodation, staff also supported over 1,250 individual
applications for welfare and benefit claims and managed a further 2032 interventions related lo
supporting clients with their immediate physicavmental health needs and access to addiction services.
24ri 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 city. In this year we recorded over 600 rough sleepers and throughout the year the
Outreach Teams provided basic needs to those sleeping rough or engaging in street activity on over
17.000 occasions.
The outreach teams proactively seek out those who are sleeping rough. providing food and hol 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 5UPPOrt on 1,498 occasions. The teams also provided help to rough
sleepers on 7793 occasions in relation to their physical and mental health needs and referrals into
addiction services.
The Stre8t Outreach teams also provide an emergency respons8 service (Code 7's) to support 'blue
light, services. Where appropriate, individuals are transported back to their hostella¢commodation or if
this is not feasible to the Drop-in as a place of safety and to rest. This aspect of the Outreach service
prevents misuse of acute Se￿iceS and eases the pressures on them. Within the year there were 790
Code 7 calls with 673 r8sponded to within 30 minutes (85°￿). The highest number of calls received
W8re from the public (442 calls) followed by 134 calls re￿iVed from the PSNI.

The Welcome Organisation
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Annsgate Crisis Accommodation for Females
The Welcome Organisation provides crisis accommodation services to women presenting with high
levels of need. The 10-bed space crash facility based at Annsgate is used by women who would
otherwise 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 188 unique individuals using the
facility in th8 year of which 63 % received support to move on from the service in a planned way.
The facility is also recognised as a gateway service for women and enables them to access a wider
range of more holistic services to meet their spectfic needs.
Floatlng support servlces
This service provided support up to 111 vulnerable individuals, who have secured accommodation and
need additional support lo maintain their tenancy. The service delivers a range of high to low flexible
support services responding to the clients, fluctuating needs. The seryices are tailored to each
individuals, particular circumstances.
Catherfn8 House
This new seNice was launched in March 2023 and provides trauma infomed supported
accommodation with staff on hand 24t7. This innovative service re¢ognises the impact of trauma and
is sensitive to the specific needs of individuals living with trauma and moving towards independent
living. In the year 27 individual women have been able to avail of this seNice with 12 making planned
move on's to more permanent accommodation and 10 remaining in service.
Moblle Health Unit
The mobile health unit is now in its third year of operation and provides 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 wtth the Health Trusts the provision includes critical
vaccination services and primary health care needs. The unit operates 5 days per week and visits an
average of 8 locations each day. providing heatth care to 22 individuals per day.
To conclude the review of services we also note that our staff are trained to administer Naloxone
which is an evidence-based intervention that can save lives 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 reducing drug-related deaths.
This year across the services. our staff administered Naloxone on 181 occasions.

The Welcome Organisation
Company Limited by Guarantee
Directors, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2024
PRINCIPLE FUNDING SOURCES
Financial review
Against the backdrop of finite resources and insecurities within the sector in relation to fijnding and
lack of political stability it can be difficult to plan or develop services. Neverthele5S. the charity invested
in training and infrastructure improvements throughout the year which has strengthened the overall
ability to meet both compliance and increasing needs of service users into the future.
Recurrent funding
Services are primarily funded by the Housing Executive's Hom8lessness and Supporting People
programmes by way of grant and contract income from Northem Ir81and Housing Executive.
Funding {other)
Aside from recurrenl funding we continue to generate income through fund raising activities and
charitable donations.
Our Charity of the Year partnership with Mortgage IQ has been very successful raising over £25,000
across various 8vents.
Other notable fundraising efforts the charity would like to acknowledge and thank include Lunn's
Jewellers {£2,514) and the Nl Human Rights Commission staff team (£1350). Seven people took part
in our Belfast caS￿e Abseil raising a total of £985.
As we seek to further develop our services the charity will continue to seek to diversify funding
sources.
Designated Reserves
To make a judgment on the level of reserve ￿ndS required. the Board consider the risks in respect of
expendilure, unrestricted income and where appropriate restricted in¢ome 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 Identification approach. Also
taken into consideration are any extemal potential major risks to income and expenditure during the
year. Designated reserves therefore reflect areas outlined in the Organisations Risk Register which is
maintsined to ensure identified risks are mitigated for and managed appropriately.

The Welcome Organisation
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (conflnued)
Year ended 31 March 2024
The Organisation has adopted a policy to 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 regularly as part of the business planning and included in financial
reporting at regular Board meetings.
In this financial year it was agreed to use reserves to support organisational growth and specifically
used lo purchase a vehicle for the Oulreach Service, substantive upgrade the IT infrastruclure and to
deliver a robust training plan for all staff and the production of a new Staff Handbook.
Risk 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 least annually. Where appropriate, systems or procedures
have been established to mitigate the risks the charity faces.
Internal Control
Internal control risks are minimised by the implementation of procedures for authorisation of all
transactions and projects.
Policies and proGedures are in place lo ensure compliance with health and safety of staff, volunteers,
Clients and visitors services.
Procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
In the year all organisational policies were reviewed and a new Staff Handbook developed to provide
guidance and detail on all policies and procedures.
Charltable Status
The Organisation Continues to be registered as a charity with the Northern Ireland Charities
Commission and evidenced compliance standards.

The Welcome Organisation
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Directorfs Report) {eontlnuèd)
Year ended 31 March 2024
Directors. responsibllities statement
The directors, who are also directors for the purposes of company law, are responsible for preparing
the directors, report and the finanGial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally 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 stale of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure. for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the applicable Charities SORP.
make judgements and accounting estimates that are reasonable and prudent.,
prepare the financial statements on Ihe going concem basis unless it is inappropriate to presume
that the Charity will continue in business.
The directors are responsible for keeping ad8quat8 accounting records that are sufficient to show and
explain the Charity's transactions and disGlose with reasonable accuracy 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.
10-

The Welcome Organisation
Company Limited by Guarantee
Directors, Annual Report (Incorporating the Directorfs Report) (continued)
Year ended 31 March 2024
Auditor
Each of the persons who is a director at the date of approval of this report confirms that..
so far as they are aware, there is no relevant audit information of which the charity's auditor is
unaware., and
they have taken all steps that they ought to have taken as a director to make themselves awar8
of any relevant audit information and to establish that the charity's auditor is aware of that
information.
The auditor is deemed to hav8 been re-appointed in accordance with section 487 of the Companies
Act 2006.
Small company provisions
This report has been prepared in ac¢ordanc8 With the provisions applicable to ¢ompani8s entitled to
the small companies exemption.
The directors, annual report was approved on 24 od0￿r 2024 and signed on behalf of the board of
twstees by..
Mr J Whyte
Director
11

The Welcome Organisation
Company Limited by Guarantee
Independent Auditor's Report to the Members of The Welcome Organisation
Year ended 31 March 2024
Opinion
We have audited the financial statements of The Welcome Organisation (th8 'charity'} for the year
ended 31 March 2024 which comprise the statement of financial activities (including income and
expenditure account), statement of financial position, siat8ment of cash flows and the related notes,
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 AGGepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the
year Ihen ended,.
have been properly prepared in accordance with Uniled Kingdom Generally Accepted
Accounting Practice.
hav8 been prepared in accordance wth the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UKI) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibililies for the audit of the financial statements section of our report. We are independent of
the charity in accordance 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 olher ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to golng concern
In auditing the financial statements. we have concluded 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 iwelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are
described in the relevant Sections of this report.
12-

The Welcome Organisation
Company Limited by Guarantee
Independent Auditor's Report to the Members of The Welcome Organisation
(contlnued)
Year ended 31 March 2024
other Infonnation
The other information comprises Ihe infomiation included in the annual report, other than the financial
statements and our auditor's report thereon. The directors are responsible for the other information.
Our opinion on the finanGial ststements does not cover the other information and, except to the extant
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 responsibility is to read the other
information and, in doing so. consider whether the other infomialion is materially inconsistent with the
financial slatements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to detemiine whether there is a material misstatement in the financial statements or a
material misstatement of the oth8r information. If, based on the work we have perfomied. we conclude
that there is a material misstatement of this other Info￿atiOn. we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the infomiation given in the dir8clors' report for the financial year for which the financial
statements are prepared is consistent with the financial ststements,. and
the directors, report has been prepared in accordance with applicable legal requirements.
Matters on whl¢h we are required to report by exception
In Ihe light of the knowledge and understanding of the charity and its environment oblained in the
course of the audit, we have not idenlified 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 returns adequate for our audit have not
been received from branches not visiled by us- or
the financial ststements 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 ft)r our audit. or
the directors were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantsge of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.
13-

The Welcome Organisation
Company Limited by Guarantee
Independent Auditor's Report to the Members of The Welcome Organisation
(continued)
Year ended 31 March 2024
Responslbilities of directors
As explained more fully in the direGtors' 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 give a true and fair view, and for such internal control as
the directors determine is necessary to enable the preparation of financial statements that are free
from material misstatement. 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 concern, disclosing, as applicable, matters related to going concern 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 alternative but to do so.
Audltor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that
an audit conducted in accordan¢e with ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or erTor and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users tak8n on
the basis of these financial statements.
Irregularities, including fraud, are instan￿5 of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent lo which our procedures are capable of detecting
irregularities, including fraud is detailed below:
We oblained an understanding of the legal and regulatory framework applicable to the Company
through enquiry of management, industy research and the application of cumulative audit knowledge.
We identified tha following principal laws and regulations relevant to the Company - Companies Act
2006 and the Financial Reporting Standard 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 Ihe accounts, balances and disclosures within
the financial statements which may be susceptible to rnanagement bias. Our understanding was
obtained through review of the financial statements for significant accounting estimates, analysis of
joumal entries, walkthrough of the key control cycles in place and enquiry of management.
As part of an audit in accordance wth ISAS (UK), we exercise professional judgment and malntain
professional sceplicism 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 mi55tatement resulting from fraud is higher than for one resulting from error,
as fraud may involve Gollusion, forgery. intentional omissions, misrepresentations, or the override
of intemal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the internal control.
14-

The Welcome Organisation
Company Limited by Guarantee
Independent Auditorfs Report to the Members of The Welcome Organisation
(continued)
Year ended 31 March 2024
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 Ihe going concern basis of acGounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charity's ability to continue as a going
conGern. If we conclude that a material uncertainty exists, we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or, rf such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditols report. However. future events or conditions may cause the charity
to cease to continue as a going concem.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentats'on.
We communicate with those charged with govemance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Use of our report
This 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 work has been undertaken so that we might state to the
charity's members those matters we are required to state to them in an auditols report and for no
other purpose. To the fullest exienl permitted by law. we do not accept or assume responsibility to
anyone other than the charity and the charity's members as a body, for our audit work, for this r8POrt,
or for the opinions we have fomied.
Michael Flannigan (Senior Statutory Auditor)
For and on behalf of
FEB Chartered Accountants
Chartered accountants & statutory auditor
Linenhall Exchange
1 st Floor,
26 Linenhall Street
Belfast
Northem Ireland
BT2 8BG
24 October 2024
15-

The Welcome Organisation
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds
2023
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
185,608
2.150,306
2.335,914
2,042,784
30,054
3,103
11,059
11,059
Total income
196,667
2,150,306
2,346,973
2,075,941
Expenditure
Expenditure on raising funds..
Drop in Centre
Crisis Accommodation
street Outreach
Management and admin
Floating Support
Calherine House
Complex Lives
Christmas Grants
Women's Services
Mobile Health Unit
25,221
552,919
244,789
521.683
352.652
158.771
465,909
27.103
9,479
28,062
34,090
578,140
244.789
545,859
418,710
159,550
465.909
27,103
9,479
28,062
34,090
351,483
177,210
370,611
623,360
191,157
89,466
10
11
12
13
14
15
15
15
24.177
66.058
779
Total expenditure
116.235
2,395.457
2,511,691
1,803,287
Net {expendlture)Iln¢ome and net
movement in funds
80.432
(245.151) {164,717)
272,654
Transfer of funds
{168.383>
168,383
Reconciliation of funds
Total funds brought forward
Total funds carried forward
1.453,179
76,768
1,529,947
1,257,292
1,365.229
1,365,229
1,529,947
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from Continuing activities.
The notes on pages 19 to 32 forni part of these financial statements.
16-

The Welcome Organisation
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
20
296,556
325,880
Current assets
Debtors
Cash at bank and in hand
21
101,688
1.071,683
52.909
1,318,115
1,371,024
1.173,371
Creditors: amounts falling due within one year
Net Current assets
22
104,699
166,958
1,068,673
1,204,066
Total assets less current liabilities
1,365,229
1,529,946
Net assets
1,365,229
1,529,946
Funds of the charlty
Reslricted funds
Unrestricted funds
76,768
1,453,179
1,365,299
Total charity funds
24
1.365,229
1.529,947
These financial statements 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 24
October 2024, and are signed on behalf of the board by:
Mr J Whyte
Director
The notes on pages 19 to 32 fomi part of these flnanclal statements.
17-

The Welcome Organisation
Company Limited by Guarantee
statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net (expendilure)lincome
(164,717)
272,654
Adjustn7ents for..
Depreciation of tangible fixed assets
94,042
104,292
Change5 in..
Trade and other debtors
Trade and other creditors
(48,779)
39,374
{62,2591 (135,0941
(181,714>
281.226
Cash generated from operations
Cash flows from Investing actlvlties
Purchase of tangible assets
Proceeds from sale of tangible assets
Net cash used in investing activities
(64,718)
(78,079)
11,221
(66,858)
(64,718}
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
{246,432)
1,318,115
214,368
1,103,747
1,071,683
1,318.115
The notes on pages 19 to 32 forni part of these financial statements.
-18-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charty is a public benefit entity arKI a private company limited by guarantee. registered in
Northern Ireland and a registered charity in Northem Ireland. The address of Ihe registered office
is Townsend Enterprise Park. 36 Townsend Street, Belfast, BT13 2ES.
Statement of compliance
These financial statements have been prepared in Compliance with FRS 102, The Financial
Reporting Standard applicable in Ihe UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with Ihe
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting pollcles
Income recognition
Incoming resources represent grant funding from statutory 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 modified by the
revaluation of certain financial assets and liabilities and investment properties measured at falr
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entty.
Pension contributions
The pensions cost chargèd in the financial statements represents the contribution payable by the
company during the year.
Going concern
Covld-19
Management has considered the consequences of COVID-19 and other events and conditions,
and it has determined that, while signrficant, they do not create a material uncertainty that casts
significant doubt upon the entity's ability to continue as a going concern. The directors have
considered the adequacy of working capital facilities available to the company, and have
prepared budgets and cashflow statements and management accoLtnts 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 perfomian¢e 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 ability to continue as a going concern.
19-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ended 31 March 2024
Accounting policies (conllnu•d)
Expendlture recognition
Capital g￿ntS received in respect of the acquisition or construction of fixed assets are credited to
deferred capital 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 Ihe settlement amount due after any discount offered. Prepayments
are valued at Ihe amount prepaid.
Creditors
Creditor5 and provisions are recognised where there is a present obligation resulting from a past
evenl thal wlll probably result in the transfer of funds to a third paty and the amount due to settle
the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount after allowing for any discounts due.
Employee benefits
When employees have rendered service to the charity. short-tem employee benefits to which
the employees are entitled are recognised at the undiscounted amount expected to be paid in
exchange for that service.
The charity operates a defined contribution plan for the benefit of its employees. Contributions
are expensed as they become payable.
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 key sources of estimation uncertainty
The preparation of the financial statements requires the Board to make judgements, estimates
and assumptions that affect the amounts reported. These eslimates 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 circumstance5. The estimates and
underlying assumptions are reviewed on an ongoing basis.
Forelgn currencles
Foreign currency transactions are initially recorded in the functional 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 r8POrting date, with any
gains or losses being taken to the statement of financial activities.
-20-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounting policies (continued)
Fund accounting
Unrestricted funds - Unrestricted funds are available to be used in the furtherance of the general
charitable objectives of the company.
Restricted funds - Restrided funds are subject to restrictions on use, which are 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 eGonomic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specrfic policies
are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount Gan be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost lo the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received rf the value can be reliabty measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contraded service. This is classified as unrestricted fvnds unless there is a contractual
requirement for it to be spent on a particular purpose and returned rf unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure Is included in the financial ststements on an accruals basis and includes VAT where
applicable. Staff costs including related overhead costs are allocated to activities on the basis of
estimated ts'me spent on those activities.
Tangible assets
All fixed assets are initially re¢orded at cost.
Depreciation
Deprecialion is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic lrfe of that asset as follows:
Property Improvements
Motor Vehicles
Equipment
10 /0 straight line
200/0 Straight line
25°/0 straight line
21

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (contlftu•d)
Year ended 31 March 2024
Accounting policies (¢ontlnued)
Impairment of fixed assets
A review for indiGators of impairment is Carried out at each reporling date, with the recoverable
amount being estimated where such indic2tors exist. Where the carying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
F)ossible reversal at each reporling date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual assel, an estimate is made of the recoverable amount of the
cash-g8nerating unit to which the asset belongs. The cash-generating unit is the smallest
identtfiable 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 impaiment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the Combination, irrespe¢tlV8 of whether other assets or liabilities of the charity
are assigned to those units.
Defined contributlon plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are rewgnised as an asset to the extent
that the prepayment wll lead to a redu¢tion in future payments or a cash refvnd.
When contributions are not expected to be settled wholly within 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 unwinding of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
The Welcome Organisation is a company limtied 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
2024
Donations
NIHE
Supporting People
Housing Benefrt
Donations
Grants
Gift Aid Income Tax
Rental Income
1,149,969
684,379
215,956
20,566
58,370
1,133,299
684,379
215,956
181,232
68,282
15,030
21,066
2,335,914
160,666
9,912
15,030
21,066
185,608
2,150.306
-22-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Donations and legacies (conlinued)
Unrestricted
FLfnds
Restricted Total Funds
Funds
2023
Donations
NIHE
Supporting People
Housing Benefrt
Donations
Grants
Gift Aid Income Tax
Rental Income
1.165.715
365,155
48,480
38,552
83,853
1,165,715
365,155
48,480
340.692
83,853
18,171
20,717
302.140
18.171
20,717
199,778
1.843,005
2,042,784
Charltable activities
Restricted Total Funds
Funds
2024
Restricted Total Funds
Funds
2023
other income
30,054
30,054
Investment income
un￿striCted
Funds
Restricted Total Funds
Funds
2024
Bank interest receivable
11.059
11,059
Unreslricted
Funds
Restricted Total Funds
Funds
2023
Bank interest receivable
3.103
3,103
Drop In centre
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Wages and salaries
Client We￿are
Heat and light
Repairs and maintenance
Postage, printing and stationery
Telephone and computer costs
Rent, rates and insurance
Depreciation- property improvements
other staff expenses
General Expenses
Recruitment
396,180
53,831
23,815
25.818
396,180
53,831
23,815
25,818
3,454
26,730
3,454
26,730
25,221
2,404
7.729
12,959
578,140
25,221
2,404
7,729
12,959
25,221
552,919
-23-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements {eontlnued)
Year ended 31 March 2024
Drop in centre (¢ontlnued)
Unrestricted
Funds
Restrict8d Total Funds
Funds
2023
Wages and salarles
Client welfare
Heat and light
Repairs and maintenance
Postage, printing and stationery
Telephone and computer costs
Rent, rates and insurance
Depreciation - property improvements
Other staff expenses
General Expenses
Recruitment
301,086
301,086
17,602
17.602
7,626
796
1,259
7,626
796
1,259
18,610
18.610
25
2,628
1.851
25
2.628
1,851
36,212
315,271
351,483
Crlsis accommodation
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Wages and salaries
Heal and light
Client welfare
Repairs and maintenance
General Expenses
Telephone
Rent, rates and insurance
Recruitment
Staff Expenses
Equipment hire and rental
198,084
6,956
6,679
5,445
2,850
959
17,350
5.698
592
176
198,084
6,956
6,679
5,445
2,850
959
17,350
5,698
592
176
244,789
244,789
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Wages and salaries
Heat and light
Client welfare
Repairs and maintenan
General Expenses
Telephone
Rènl. rates and insurance
Recruitment
Staff Expenses
Equipment hire and rentsl
141.504
6,227
261
2,113
979
1,141
16.003
9,718
141,504
6,227
261
2,113
979
1,141
16,003
9,718
177.210
177,210
-24-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (eonllnued)
Year ended 31 March 2024
10. Street outreach
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Wages and salaries
Clienl welfare
Rent. rates and insurance
General expenses
Postage, printing and stationery
Motor vehicles
Repairs and maintenance
Telephone
Depreciation - motor vehicles
Recruitment
staff Expenses
480.790
480,790
7,012
6,683
447
7.012
6,683
447
30,805
704
30,805
704
17,165
17,165
2,254
2,254
24,177
521.683
545,859
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Wages and salaries
Client welfare
Rent, rates and insurance
General expenses
Postage, printing and stationery
Motor vehicles
Repairs and maintenance
Telephone
Depreciation - motor vehicles
Cleaning
Siaff Expenses
314,928
7.550
314,928
12,681
5.131
706
79
29,486
254
470
706
79
29,486
254
470
11,807
200
11,807
200
16,938
353,673
370,611
-25-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
11. Management and Administration
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Wages and salaries
Client welfare
Pension provision
Rent, rates and insurance
Travel and subsistence
Postage, printing and stationery
Telephone and computer expenses
Heat and light
Office expenses
Audit fees
Legal and professional fees
Promotional costs
Membership fees
Depreciation - equipment
Bank fees
Equipment hire and rental
General expenses
Repairs and maintenance
Other staff expenses
R8cruitment
225,584
225,584
12,914
6,500
33,358
1,487
307
8,768
10,206
7,165
3,300
15,392
1,357
6,240
51,657
1,849
4,699
7,797
4,274
5,647
10,209
12,914
6,500
33,358
1,487
307
8,768
10.206
7,165
3,300
15,392
1,357
6,240
51,657
1,849
4,699
6.310
4,274
5,647
10,209
1.487
66,058
352,652
418,710
11. Management and Administration
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Wages and salaries
Client welfare
Pension provision
Rent, rates and insurance
Travel and subsistence
Postage. printing and stationery
Telephone and computer expenses
Heat and light
Office expenses
Audit fees
Legal and professional fees
Promotional costs
Membership fees
Depreciation- equipment
Bank fees
Equipment hire and rental
General expenses
Repairs and maintenance
Other staff expenses
Motor expenses
Recruitment
Profiu Loss on Disposal
289,383
289,383
49
4,860
54,871
49
4,860
54,871
13,699
38,328
9,121
3,300
4,117
2,801
8,200
13,699
38,328
9,121
3,300
4,117
2,801
8,200
73,873
961
16,476
48,378
6,809
26,912
3,005
12,745
5,472
73,873
961
16,476
48,333
6,809
26,912
3.005
12,745
5.472
45
73.967
549,393
623,360
-26-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (cofttlnu•rfJ
Year ended 31 March 2024
12. Floating support
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Wages and salaries
Client welfare
Rent. rates and insurance
Travel and subsistence
Heat and light
Equipment hire and rental
General expenses
Telephone
Repairs and maintenance
staff expenses
Motor expenses
Recruitment
139,992
139,992
779
6,683
4,057
779
6,683
4,057
(6,374)
1,593
(6,374)
1,593
592
1,940
10,289
592
1,940
10,289
779
158,771
159,550
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Wages and salaries
Client welfare
Rent, rates and insurance
Travel and subsistence
Postage, printing and stationery
Heat and light
Equipment hire and rental
General expenses
Telephone
Repairs and maintenance
Staff expenses
Recruitment
167,465
160
167.465
570
410
5,968
23
120
480
8,592
1,953
5.986
5,968
23
120
480
8.592
1.953
5,986
410
190,747
191.157
13. Catherine House
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Wages and salaries
Client Welfare
Travel and subsistence
Postage, printing and stationery
Heat and light
Equipment hire and rental
General exp8nses
Recruitment
Rent, rates and insuranc8
Telephone
Repairs and maintenance
Staff expenses
324,722
5,798
124
10
3,497
968
15.663
324,722
5,798
124
10
3,497
968
15,663
110,000
871
592
3,664
110,000
871
592
3,664
465,909
46S,909
-27-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (Gontlnutd)
Year ended 31 March 2024
13. Catherlne House (¢ontlnued)
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Wages and salaries
Client Welfare
Travel and subsistence
Postage. printing and stationery
Heal and light
Equipment hire and rental
General expenses
Recruitment
Rent, rates and insurance
Telephone
Repairs and maintenance
20,896
20,896
611
1,636
16,680
22,733
24,333
148
2.424
1,636
16,680
22,733
24,333
148
2.424
89,466
89,466
14. Complex Lives
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Wages and salaries
Client Welfare
Office Expenses
Travel and subsistenc8
General expenses
25.752
535
552
171
93
25,752
53S
552
171
93
27.103
27,103
14. Complex Lives
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Wages and salaries
Client WeSfare
Office Expenses
Travel and subsistence
15. Other departments
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Christmas Grants - client welfare
Women's services - wages & salaries
Women's services- general exp&nses
Mobile Health Unit- wages & salaries
Mobile Health Unit- repairs & maintenance
Mobile Health Unit- equipment hire
9,479
27,956
106
26,004
6,644
1,441
9,479
27,956
106
26,004
6,644
1,441
71,630
71,630
Unrestricled
Funds
Restricted Total Funds
Funds
2023
other departments
-28-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
16. Net {expenditure)lin¢ome
Net (expenditureyincome is stat8d after charging1{cr8diting):
2024
2023
Depreciation of tangible fixed assets
94,042
104.292
17. Auditors remuneration
2024
2023
Fees payable for the audit of the financial statements
3,300
3,000
18. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
1,701,664
117,110
26,290
1,135,389
82,799
17,073
1,845,064
1,235,261
No employee received employee benefits of more than £60.000 during the year (2023.. Nil).
The average head count of employees during the year was 84 (2023: 80). The average number
of employees during the year is analysed as follows-
2024
2023
Drop in Centre
Crisis Accommodation
Street Outreach
Administration
AnnsGate
Floating
Bank
Catherine House
Complex LiveslLink Workerl Mobile Health Unit
14
15
19
25
12
14
14
84
80
19. Trustee remuneration and expense5
None of the trustees received any remuneration in the year.
-29-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
20. Tangible fixed assets
Land and
buildings
Motor
vehicles
Equipment
Total
Cost
At 1 April 2023
Additions
682,145
12,962
105,677
31,298
438,415
20,458
1.226,237
64,718
At 31 March 2024
695,107
136,975
458,873
1,290,955
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
537,217
25,220
71,499
17.165
291,641
51,657
900,357
94,042
562,437
88,664
343,298
994,399
Carrying amount
At 31 March 2024
132,670
48,311
115,575
296,556
At 31 March 2023
144,928
34,178
146.774
325,880
21. Debtors
2024
2023
Prepayments and accrued income
Other debtors
100,938
750
35,703
17,206
101,688
52,909
22. Creditors: amounts falling due within one year
2024
2023
Trad8 creditors
Accruals and deferred income
Social security and other taxes
Pension provision
other Creditors
53,129
23,136
15,817
8,855
3,762
18,925
114,097
29,650
1,144
3,142
104,699
166,958
23. Penslons and other post retlrement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribulion plans was £6,500 (2023: £4,860).
-30-

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2024
24. Analysis of charitable funds
Unrestricted funds
t 1 April 2023
Income Expenditure
Transfers
At 31 March 2024
Unrestrided funds
1.453,179
196,667
(116,235) (168,383)
1,365,229
At
1 April 2022
Income Expenditure
Transfers
At 31 March 2023
Unrestricted funds
1.257,292
323.414
(127,527)
1,453,179
Restricted funds
t 1 April 2023
Income Expenditure
Transfers
At 31 March 2024
Restricted funds
76.768
2.150.306 (2,395,457)
168,383
At
1 April 2022
Income Expenditure
Transfers
At 31 March 2023
Restricted funds
1,752,527 (1,675,758)
76.768
24. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed asset5
Current assets
296,556
1,068,672
296,556
1,068,672
Net assets
1,365,229
1,365,229
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
31

The Welcome Organisation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
25. Analysis of changes in net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
1,318,115
(246,432) 1,071,683
-32-