COMPANY REGISTRATION NUMBER: N1070562 CHARITY REGISTRATION NUMBER: NIC103976 The Welcome Organisation Company Limited by Guarantee Financial Statements 31 March 2025 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 2025 Page Directors, annual report (incorporating the director's report) Independent auditor's report to the members 12 Statement of financial activities (including income and expenditure account) 16 statement of financial position 17 Statement of cash flows 18 Notes to the financial ststements 19
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 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 2025. Reference and administrative details Registered charity name The Welcome Organisation Charity registration number NIC103976 Company registration number N1070562 Principal office and registered Townsend Enterprise Park office 36 Townsend Street Belfast BT13 2ES The directors Mr P Doherty Ms L Millar Ms K Strain Mr J Whyte MrJ Rice (resigned 30 September 2025) (appointed 1 August 2024) Company secretary Jo Daykin-Goodall (resigned 1 December 2024) Auditor FEB Chartered Accountants Chartered accountants & statutory auditor Linenhall Exchange 1 st Floor, 26 Linenhall Street Belfast Northern Ireland BT2 8BG Bankers Danske Bank Kennedy Centre Belfast 564 - 568 Falls Road Belfast BT119AE structure, governance 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 charitable company and is governed 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 Director's Report) (contlnutd) Year ended 31 March 2025 Objectives and activities The strategic aims of the Organisation are as follows.. a) Relieve the povety and distress of people who are suffering from the effects of homelessness or the threat of homelessness in Northern Ireland (the 'area of benefit.), without 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: accommodation. advice, counselling and support services; befriending service; and drop-in centres. iv. b) Develop the skills and capacity of the members of the homeless community in such a way that they are better able lo identify and help meet their needs and to participate more fully in society, c) Advance Ihe educalion 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 ments'oned 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 assistsnce in the area of benefit. Ibl 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 wth 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 the Company., (d) co-operate and enter into arrangements with any authorities, national. local or otheTWiSe" (e) bring together in conference representatives of voluntary organisations. Govemment departments, statutory authorities and individuals; (f) 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. (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 fomi, such papers, books. periodiGals, pamphlets or other documents, including films and recorded material, as shall further its objects. and to issue or circulat8 the same whether for payment or otheMise.
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (Gonllnued) Year ended 31 March 2025 {1) accept subscriptions, donations, devises and bequests of and to purchase, lake on lease or in exchange, hire or otherwise 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; (i.) 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. 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 temis and (with such consents as are required by law) on such security as may be thought fit provided that the Company shall not undertake any permanent trading activities in raising funds for the objects of the Company. Im} take and accept any gift 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. {n) invest the monies of the Company not immediatety required for its objects in or upon such investments, securities or propety as may be thought fft, subject nevertheless to such conditions (if any) and Such Gonsents (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 furtheranrk of the objects of the Company; (p} establish and support any charitable association or body and lo subscribe or guarantee money for charitable purposes calculated to further the objects of the Company. (q} make regulations for the proper supervision. control and management of any propety which may be so acquired. Ir) 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. 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 requirernents of the Memorandum and Articles of Association the members of the Board are 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 Memberfs role is to contribute to the effective g0Veman of The Welcome Organisation in promoting the vision, mission. aims and objectives of the organisation. Recruilment of Board Members follows a formal recruitment process based on the specific needs and skill set required. One additional Trustee was appointed 1st August 2024, Mr Joe RiGe. All members of the Board give their lime voluntarily and receive no benefils from the Charity. This year we established a formal process for employee voices to contribute to strategy, fostering engagement, through representatives attending Board meetings. Our staff team has been represented by Ellen Hipsley from Assertive Street Outreach and Peter Cummings from the Floating Support Team.
The Welcome Organisation Company Limited by Guarantee Directors, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2025 HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT Building Soclal Capltal The Welcome Organisation provides direct support and interventions to people who are homeless and at risk of homelessness, and rough sleepers, who are vulnerable and whose life experiences have been based on multiple disadvantages, who face challenges such as poor physical and mental health, substance misuse, domestic and sexual violence and abuse. and a history of trauma. Our services include assertive street outreach, support hub for drop-in support and advice, crisis intervention etnergency accommodation and supported living accommodation for women, a mobile health unit and floating support to enable those in their own accommodation to remain there. Collectively our services provide 2417 Coverage, 365 days a year across the City of Belfast. Through our work we enable people who are homeless to engage with support neOrkS that can connect them with additional support and help them back on the path of independent living and reintegration into their community. Through our work we challenge social marginalisation and ensure the voices of homeless people across Belfast are heard and represented to service providers and decision-makers with a view to addressing the issues that have led to homelessness. securing and maintaining a tenancy and improving their life chances. Charitable and Social Economy Sector As we approach our 30th year of providing services to the community the Welcome Organisation has continued to be a significant contributor within the charitable and social economy sector maintaining a staff level of 53 permanent employees and circa 30 bank staff during this year. Moreover, through our Gontinuing relationships with both statutory funders and trusts and foundations, this year we have developed plans that will see a further expansion of services in 2025-26 with particular focus on provision of support to women and we continue to see our workforce of dediGated staff increase. This year we have linked with several private enterprises in the provision of volunteering opportunities. This not only provides the private sector with a Mechanism to achieve rts corporate social responsibility goals but provides an opportunity that would not otherwise be available for people to contribute to our work of improving the lives of our service users. On behaff of our service users we would like to extend our thanks and gratitude for the work and efforts of all our corporate volunteers over the last year in helping to change people's lives.
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (Contlnued) Year ended 31 March 2025 Health and Wellbeing The Welcome Organisation continued to provide tts holistic approach in supporting people who are homeless, at risk of homelessness and rough sleepers including Providing food, clothlng. personal hygiene facilities, laundry services and other interventions aimed at meeting basic needs and contributing to the reduction of harm- Supporting people al risk of homelessness to maintain their aGGommodation through providing advice, advocacy and direct life-skills- Promoting recovery through access to services to address drug and alcohol use., Providing regular health and housing advisory services., and Personal support to help people develop their skills and knowledge to support their own wellbeing and grow their resilien to better cope with the adversities of life. We Continue to provida direct access to health checks for service users through our mobile health unit and have extended this service to people in Derry-Londondery where it is available every Monday. Significantty this year we undertook research focused on health and homelessness to explore the relationship between our service users, their interactions with health services and their health needs. From 1276 participant5 we profiled 180 people to specifically look at their interactions with healthcare services. From this group 83°/0 were identified as having physical health issues and 620/0 With specific long-term illnesses andlor a disability- 93 % had mental health issues including anxiety, depression and PTSD, with over three quarters {77 % ) self-medicating. Two third5 had been admitted to hospital in the previous 12 months and over one quarter had been admitted due to attempting suicide. These are stark figures but are representative of the Servi users engaged by the Welcome Organisation and whose circumstances would be worsened without our ongoing support and care. We plan to follow up on this research to monitor the issues that impact on our service users over the coming period.
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (¢ofttlnuedJ Year ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE Support Hub Funding from the Nl Housing Executive's homelessness budget is made available to the Welcome Organisalion to provide a Support Hub for people who are rough sleeping, homeless or at risk of homelessness. The service provides for the basic needs of the individual (food, clothing, washing, laundry facilities) and a place of refuge. The Support Hub model is underpinned by the provision of individual tailored support which recognises the unique ¢ir¢umstans and needs of the seNice user and provides a gateway to a broad range of services which are difficult for marginalised people to access without support. In July 24 followng an attack on our premises the service was temporarily relocated and in December 24 moved again to a further temporary unit within Centenary House. Belfast. Due to the confined space available the delivery model was reconfigured whilst maintaining all aspects of the service. These services include access to healthcare in partnership with our colleagues at the Belfast Health and Social Care Trust- Health Inclusion Hub, benefit support, addiction services and mental health support. All services are delivered within a high tolerance. harm reduction model, which is central to the Welcome Organisation's success in working with people with complex needs and challenging behaviours. In this year 1304 unique clients used Ihe Drop-ln Support Hub services. Staff worked with service users to ascertain their immediate and longer-term needs. In addition to the practical assistance provided to service users outlined above the Drop-in Support Hub also provided breakfast and a minimum of 70 meals (lunch and dinner) every day. equating to over twenty-five thousand meals in the year. Our dedicated staff provided 19,645 support inteNentions to service users this year. In addition to supportlng service users to find accommodation. staff managed a further 1631 interventions related to supporting them with their immediate physicallmental health needs and access to addiction services. 2417 Assertive Street Outreach Service The Assertive Slreet Outreach service is funded from the Nl 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 1459 rough sleepers and throughout the year the Outreach Teams provided basic needs to those sleeping rough or engaging in street activity on 22.333 occasions. The Outreach Teams proactively seek out those who are sleeping rough, providing food and hot drinks, building relationships and gaining trust to support their joumey 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 790 occasions. The Teams also provided help to rough sleepers on 3460 occasions in relation to their physical and mental health needs and referrals into addiction services. The Asserlive Street Outreach Service also provides an emergen¢y response service (Code 7's) to support 'blue light, services. Where appropriate. individuals are transported back to their h05tellaccommodation or if this is not feasible to the Drop-in Support Hub as a place of safety and to rest. This aspect of the Outreach Service prevents misuse of acute services and eases trie pressure on them. Within the year there were 790 Code 7 r211s with 616 responded lo within 30 minutes {92 %). The highest number of calls received were from Ihe public (444 calls) followed by 107 calls received from the Police Service of Northern Ireland.
The Welcome Organisation Company Limited by Guarantee Directors, Annual Report (Incorporating the Director's Report) (eonllnued) Year ended 31 March 2025 Crisis Accommodation for Women The Welcome Organisation provides crisis accommodation services to women presenting with high levels of need. The 10-bed space Crash facility based originally in the city centre, is used by women who would otherwise be sleeping on the street. The service provides a place of safety and staff support service users on site. The demand for the service remains very high, with 197 unique individuals using the facility in the year, of which 630/0 received support to move on from the service in a planned way. In January 2025 the service moved location to south Belfast, and we are now able to provide an improved and extended service with individual ensuite rooms with additional space for service users to remain safe during the day. This enables staff to develop a better working relationship and understanding of each individual's needs. provid8 more timely support and access a wider range of more hollstlc services to meet them. We provided 3.990 support interventions as part of this service this year. Floating Support Services This year the Floating Support Service supported 131 vulnerable individuals, who have secured accommodation and needed additional support to maintain their tenancy. We provide a range of flexible support services responding to the service users, fluctuating needs and tailored to each individuals, particular circumstances. This includes supporting clients with lifeskills, advocacy, setting up a home and sourcing furniture and appliances, attending medical appointments signposting to other specialist interventions. Catherine House The Catherine House service was launched in March 2023 to provide trauma-informed supported accommodation with staff on hand 2417. This innovative service recognises the impact of trauma has had on individual women and is sensitive to their specific needs as they are move towards independent living. In th8 year 31 women have been accommodated and supported by this setViC8. Mobile Health Unlt The Mobile Health Unit is now in its third year of operation providing much needed medical support to the most vulnerable who are unable to access the healthcare they need, e.g. through GP practices. Operating in Belfast and the Northwest in partnership with the Belfast and Western Health and Social Care Trusts the provision includes critical vaccination services and primary health care needs. The Unit operates 5 days per week and visits various locations such as the Support Hub and hostels each day, providing health care to individuals. To Conclude the review of services we also note that our staff are trained to administer Naloxone. which is a life-saving medication used to rapidly reverse an opioid overdose. Naloxone is available across all our services and staff are trained to recognise the signs of opioid overdose and to respond appropriately, thereby reducing drug-related deaths. This year, through all services, our staff administered Naloxone on 100 occasions. We acknowledge the dedication of our staff team and thank them for their ¢ommitment in what was a particularly challenging year. Despite the disruption associated with relocating two services there was no interruption to provision in support to individuals in either. The ever-increasing complexity of needs facing our service users every day has been responded to by our staff leam with professionalism, empathy and without exception they aayS go the extra mile to ensure the best outcome possible for every seNice user.
The Welcome Organisation Company Limited by Guarantee Directors, Annual Report (Incorporating the Directorfs Report) {continuedJ Year ended 31 March 2025 FINANCIAL REVIEW Principle Funding Sources Against the backdrop of a challenging financial landscape for the third sector generally and the continuing lack of funding security the charity also faced significant upheaval due to an attack on our promises. Consequently, there was significant non-recurrent financial expenditure incurred to mitigate risk to staff and service users and ensure their safety and well-being. The charity invested In additional security measures, training and infrastructure improvements throughout the year to meet both compliance and the increasing comp18xty of needs of service users into the fvture. Recurrent funding Services are primarily funded by the Nl Housing Exe¢uttve's Homelessness and Supporting People programmes through grant and Gontract income. Other Funding In addition to our recurrent funding, we continue to generatè income through fundraising activities and charitable donations. To continue our growth in this area we invested in the Fundraising and Marketing function of the organisation by employing a part-time Fundraising Officer and part-time Marketing Officer from December 2024. W8 would lik8 to sincerely thank everyone who donated so generously through various fundraising streams, including the following notable donors and fundraisers: Corporate: Our partnership with Lunn's Jewellers continued in 2024-25 with the company taking part in various fundraising events and volunteering days, including £4,867 raised by participating in the Belfast City Marathon Relay. The Financial Services Union donated £2000, while longtime supporters InKlover raised £1096 through various in-store and online fundraising activities. Community: St Mary's Grammar School, Downpatrick raised £8,194 from their Europa Hotel abseil in April 2024. It is the fonner school of Catherine Kenny, whom Catherine House is named after, and her sister Lee-maria Hughes, a current Catherine House volunteer. who also took part in the abs8il. Mother and daughter Fiona and Kirsten Eatock raised over £1000 by taking part in the 3 Peak District Challenge Hike Events: Our Annual Sleepout, this year hosted by St Malachy's Church. Alfred Street on 31sI January 2025, raised £2,927.00. Legacy". We received a legacy gift of £16,880.13 from the estate of Mary M¢lntosh Grants: We received £5000 from Social Bite's Winter Meals Campaign and £1000 from the Gallagher Community Fund.
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Directorfs Report) (contlnued) Year ended 31 March 2025 Designated Reserves To make a judgment on the level of reserve funds required, the Board considers the risks in respect of expenditure, unrestricted income and where appropriate restricted income and where funds Gan only be realised by the disposal of a fixed asset. An Annual Risk Review is undertaken which considers rf there are any external potential major rtsks to inGom8 and expenditure during the year. Designated reserves are maintained to ensure identified and incidental risks are mitigated for and managed appropriately. During this financial year reserves were used to manage risks responsibly. The Welcome Organisation previously adopted a policy to build up and retain cash reserves equaling 6 months running costs, to reflect: historic delays in statutory funding receipts, withdrawal or reduction of government funding, support for organisational growth. In this financial year it was agreed to use reserves for i) non-recurrent employment related matters, ii) direct Gosts resulting from the attack on the Townsend Street premises, iii} to continue staff training and development, and iv) investment in IT infrastructure and Cyber Essentials accreditation. A financial sustainability strategy is identified within the new Strategic Plan to work towards building reserves to meet the 6-month running cost threshold in the coming years. Risk Management The Board has conducted further review of the major risks to which the charity may be exposed. The risk register has been updated, and systems andlor procedures have been established to mitigatè the risks the charity faces and are reviewed regularly. Internal control risks are minimised by the implementation of procedures for authorisation of all financial transactions across projects, and continual monitoring of safety, risk, health and wellbeing. Policies and procedures are in place to ensure compliance with all legislation related to our duty of care to service users, staff, volunteers and visitors to services. Over the year Trustees and staff developed a new 3-year strategic plan for commencement in April 2025. Qne of the significant new initiatives is the establishment of the Finance, Audit, Risk and Governance Committee as part of the Board, to oversee the charity's financial reporting, internal controls, risk management. and govemance practices. At the time of wrtling this report the Charity awaits the outcome of a claim through the Northern Ir&land Office for losses incurred due to the attack on our Townsend Street premises.
The Welcome Organisation Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2025 Charltable Status The Welcome Organisation is registered as a charity with the Northern Ireland Charities Commission and evidenced compliance standards. Directors, responsibilities statement 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 Generally Accepted Accounting Practice). Company law requires the charty 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 resourGes, including the income and expenditure, for that period. In preparing these financial statgments. th& Directors are required to: select suitable accounting policies and then apply them consistentty., observe the methods and principles in the applicable Charities SORP. make judgments and accounting estimates that are reasonable and prudent. prepare the financial statements on the going con basis unless tt is inappropriate to presume that the charity will 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 accuracy at any time the financial position of the charity and enable them to ensure that the financial statemenls 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 irregulariti8s. 10-
The Welcome Organisation Company Limited by Guarantee Directors, Annual Report (Incorporating the Directorfs Report) (eontlnued) Year ended 31 March 2025 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 infomiation of which the charity's audttor is unaware., and they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006. Small company provisions This report has been prepared in accordance wtih the provisions applicable to Companies entitled to the small companies exemption. The directors, annual report was approved on 27 November 2025 and signed on behalf of the board of trustees by: Mr J Whyte Director
The Welcome Organisation Company Limited by Guarantee Independent Auditor's Report to the Members of The Welcome Organisation Year ended 31 March 2025 Opinion We have audited the financial statements of The Welcome Organisation (the 'charity'l for the year ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position. statement 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 applicab18 in th8 UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the finanal statements: give a tru& and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properfy prepared in accordance wtth United Kingdom Generally Accepted Accounting Practice; have been prepared in accordance with 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 further described in Ihe auditorfs responsibilities 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 stalements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other 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. Conclusions relating to going 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 charitls ability to continue as a going concern for a period of at least e1ve 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 (eontinu Year ended 31 March 2025 other infomiation The other information comprises the information 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 financial ststements does not cover the other information and. except to the extent otheiSe explicitly staled in our report, we do not 8xpress any form of assuranGe Gonclusion thereon. In connection with our audit of Ihe financial statements, our responsibility is to read the other information and, in doing so, consider whether the other infomalion is materially inconsistent with the financial statements or our knowledge obtained in the audtt or otherwise 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 infomiation. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have 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 information given in th8 directors, report for the financial year for which the financial statements ara prepar8d is consistent with the financial ststements- and the directors, report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred 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 identtfied 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 received from branches not visited by us. or the financial statements are not in agreement with the accounting records and retums,. or certain disclosuras 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 the directors were not entitled 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 strategic report. -13-
The Welcome Organisation Company Limited by Guarantee Independent Auditor's Report to the Members of The Welcome Organisation (contlnued) Year ended 31 March 2025 Responsibilities of directors As explained more fully in the directors. responsibilities stalemenl, the directors (who are also the directors for the purposes of company law) are responsible for the prepatIOn 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 frea 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 altemative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonabl8 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 accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise 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 user5 taken on the basis of these financial statements. Irregularities, including fraud, are instances 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 to which our procedures are capable of detecting irgUIarit18s. including fraud is detailed below: We obtained an understanding of the legal and regulatory framework applicable to the Company through enquiry of management, industry research and the application of cumulative audit knowledge. We identtfied the following principal laws and regulations relevant to the Company - Companies Act 2006 and the Financial 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 cycles in place and enquiry of management. As part of an audit in accordance 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 sufficienl and appropriate to provide a basis for our opinion. The rtsk of not detecting a material misstatement resulting from fraud is higher Ihan 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 to design audit procedures that are approprtate in the Gir¢umstsn¢es, but not for Ihe 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 {contlnued) Year ended 31 March 2025 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 Ihe directors, use of the going concem basis of accounting and, based on the audit evidence obtsined, whether a matertal uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If w8 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, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, futur8 events or conditions may cause the charity to cease to continue as a going concern. 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 presentation. 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 identFfy 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 Ihe 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 auditor's report and for no other purpose. To the fullest extent pemiitted by law, we do nol accept or assume responsibility to anyone other than the Gharity and the Charity's members as a body, for our audit work, for this report, or for the opinions we have formed. L• Michael Flannigan (Senior Statutory Auditor) For and on behalf of FEB Chartered AcGountants Chartered accountants & ststutory auditor Linenhall Exchange 1 st Floor, 26 Linenhall Street Belfast Northern Ireland BT2 8BG 27 November 2025 15-
The Welcome Organisation Company Limited by Guarantee statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Tolal funds 2024 Unrestricted funds Total funds Note Income and endowments Donations and legacies Investment income 220,505 8,965 2,472,817 2,693,322 8,965 2,335,914 11,059 Total income 229,470 2,472,817 2,702,287 2,346,973 Expenditure Expenditure on raising funds: Drop in Centre Crisis Accommodation Street Outreach Management and admin Floating Support Catherine House Complex Lives Christmas Grants Mobile Health Unit Bank and Other departments Total expenditure 59,759 558,302 367,520 611,118 489,017 218,662 540,848 34,086 618,061 367,520 642,911 573.161 218,761 540.848 34,086 451,082 265,554 435,307 711,131 141,374 444,233 22,964 9,479 25,749 4,817 31.793 84,144 99 10 11 12 13 14 15 16,17 28,993 28,993 175.795 2,848,546 3,024,340 2.511,690 Net (expenditure)lincome and net movement in funds 53.675 (375,729) (322.053) (164.717) Transfer of funds {375,729) 375,729 Reconciliation of funds Total funds brought forward Total funds carried forward 1,365,229 1,365,229 1,529,947 1.043.176 1,043,176 1,365,229 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activtties. The notes on pages 19 10 34 fonn part of these financlal statements. 16-
The Welcome Organisation Company Limited by Guarantee statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 22 225,394 296,556 Current assets Debtors Cash at bank and in hand 23 332.034 572,652 101,688 1,071,683 904,686 1,173,371 Creditors: amounts falling due within one year Net current assets 24 86,904 104,699 817,782 1,068.673 Total assets less current liabilities 1,043,176 1,365,229 Net assets 1,043,176 1,365,229 Funds of the charity Restricted funds Unrestricted funds 1,043,176 1,365,299 Total charity funds 26 1,043,176 1,365,229 These financial statements have been prepared in accordance wtth the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authortsed for issue on 27 November 2025. and are signed on behalf ofthe board by: MrJ Whyt8 Director The note$ on pages 19 to 34 forni part of these financial statements. 17-
The Welcome Organisation Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Net (expenditure}lincome (322,053) {164,717) Adjustments for." Depreciation of tangible fixed assets 95,917 94,042 Changes in.. Trade and other debtors Trade and other creditors (230,346) (48,779> {17,795) (62,259) (471,676) (181,714) Cash generated from operations Cash flows from Investing activities Purchase of tangible assets Proceeds from sale of tangible assets Net cash used in investing activities {24,755} (64,718> 124,755} (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 {499,031) (246,432) 1,071,683 1,318,115 572,652 1,071.683 The notes on pagos 19 to 34 fomi part of these financial statements. 18-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General information The charity is a public benefit entity and a private company limited by guarantee, r8gist8red in Northem Ireland and a registered charity in Northern Ireland. The address of the 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 the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with tha Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Income recognition Incorning 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 fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Pension contributions The pensions cost charged in the financial statements represents the contribution payable by the company during the year. 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 accounts post year end, and are satisfied that it is appropriate for the financial statements to be prepared on going concern basis. 19-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2025 Accounting policies (continuedl Expendtture recognition Capital grants 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 the settlemenl amount due after any discount offered. Prepayments are valued at the amount prepaid. Creditors Creditors and provisions are recognised where the 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 normally recognisod at their settlement amount after allowing for any discounts due. Employee benefits When 8mploy88s 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 s8rvice. The charity operates a defined contribution plan for the benefit of ils 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 corporalion tax purposes. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires the Board lo 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 circumstances. The estimates and underlying assumptions are reviewed on an ongoing basis. Forelgn currencies Foreign cUencY IransaGtions are initialty recorded in the fijnctional currency, by applying the spol exchange rate as at Ihe date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated al the exchange rate ruling at the reporting 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 2025 Accounting policies (continued) Fund accounting Unrestricted funds UnrestriGted funds are available to be used in the furtherance of the general charitable objectives of the company. Restricted funds - Restricted 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 Ihe charity,. it is probable that the economic benefrts associated with Ihe transaction will flow to the charity and the amount can be reliably measured. The following specific 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 can 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 to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general voluntéers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classtfied as unrestricted fvnds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent. in which case it may be regarded as restricted. Resources expended Expenditure is included in the financial statements on an accruals basis and includes VAT where applicable. Staff costs including related overhead costs are allocated lo activities on the basis of estimated time spent on those activities. Tangible assets Ail fixed assets are initially recorded at Cost. Depreclation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows- Property Improvements Motor Vehicles Equipment 100/0 slraight line 20 % straight line 25 % straight line 21
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting pollcies {eontinued) Impaimient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaimients are also reviewed for possible reversal at each reporting date. For the purposes of impairment 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 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, irrespective 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 recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions ar8 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 limited by guarantee, not having share capital. It is also a charity registered with the Charity Commission. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Donatlons NIHE Supporting People Housing Benefit Donations Grants Gift Aid Income Tax Rental Income Insurance InGome 339 1,128,648 714,826 336,364 33,108 219,924 1,128,987 714,826 334,364 233,431 219,924 19,843 11,948 30,000 200.323 19.843 11,948 30,000 220,505 2,474,817 2,693,322 -22-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 Donations and legacies (eontlnu8dJ Unrestricted Funds Restricted Total Funds Funds 2024 Donations NIHE Supporting People Housing Benefft Donations Grants Gift Aid Income Tax Rental Income 1.149,969 684.379 215,956 20,566 58,370 1,149,969 684,379 215.956 181,232 68,282 15,030 21,066 160,666 9,912 15,030 21.066 185,608 2.150,306 2,335,914 Investment incom8 Unrestricled Funds Restricted Total Funds Funds 2025 Bank inlerest receivable 8,965 8,965 Unrestricted Funds Restricted Total Funds Funds 2024 Bank int8r8St r8C8ivable 11,059 11,059 Drop In centre Unrestricted Funds Restricted Total Funds Funds 2025 Wages and salaries Pension provision Client Welfare Heat and light Repairs and maintenance Postage, printing and stationery Telephone and computer costs Travel and subsistence Rent, rates and insurance Depreciation - property improvements other staff expenses General Expenses Recruitment 316,657 5,385 114,433 12,210 41,325 843 5,235 994 47,272 316,657 5,385 148,446 12,210 41,325 843 5,235 994 47,272 25,746 5,716 8,232 34.013 25.746 5,716 8,232 59.759 558,302 618,061 -23-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (ContInd) Year ended 31 March 2025 Drop in centre (conllnuedj Unrestricted Funds Restricted Total Funds Funds 2024 Wages and salaries Pension provision Client Welfare Heat and light Repairs and maintenance Postage, printing and stationery Telephone and computer costs Travel and subsistence Rent, rales and insurance Depreciation - propety improvements Other staff expenses General Expenses Recruitment 340,251 3,889 50,287 303 17,696 1,312 382 47 340,251 3,889 50,287 303 17,696 1,312 382 47 25,221 25,221 461 1,142 10,092 461 1,142 10,092 25,221 425,861 451,082 Crisis accommodatlon Unrestricted Funds Restricted Total Funds Funds 2025 Wages and salaries Pension provision Heat and light Client we]fare Repairs and maintenance Postage, printing and stationery General Expenses Telephone Rent, rates and insurance Recruitment Staff Expenses Central office expenses 295,841 3,222 7,039 949 13,131 1,240 295,841 3,222 7,039 949 13,131 1,240 2,589 14,343 2,874 2,440 23,851 2,589 14,343 2,874 2,440 23,851 367,520 367,520 Unrestricted Funds Restricted Total Funds Funds 2024 Wages and salaries Pension provision Heat and light Client welfare Repairs and maintenance General Expenses Telephone Rent, rates and insurance Recruitment Staff Expenses 218,592 2.477 4,793 5,929 5,239 2,869 1,016 18,796 5,788 55 218,592 2,477 4.793 5,929 5,239 2,869 1,016 18,796 5,788 55 265,554 265,554 -24-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (conllnue Year ended 31 March 2025 Street outreach Unrestricted Funds Restricted Total Funds Funds 2025 Wages and salaries Pension provision Client welfare Heat and light Rent, rates and insurance General expenses Postage, printing and stationery Motor vehicles Repairs and maintenance Telephone Depreciation - motor vehicles Recruitment Staff Expenses 512,463 4,574 9,057 1,882 6,910 1,645 S12,463 4,574 23,416 1,882 6,910 1,645 14,359 41,740 3,141 7,163 41,740 3,141 7,163 17,434 224 22,318 17,434 224 22,318 31,793 611.118 642,911 Unrestricted Funds Restricted Total Funds Funds 2024 Wages and salaries Pension provision Client welfare Rent, rales and insurance General expenses Postage, printing and stationery Motor vehicles Repairs and maintenance Telephone Depreciation - motor vehicles Recruitment Staff Expenses 363,559 5,834 2.303 363,559 5,834 9,315 7.012 2.223 2,223 29,714 542 1,152 29,714 542 1,152 17,165 5,501 303 17.165 5,501 303 24,177 411,130 435,307 -25-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 10. Management and Administration Unrestricled Funds Restricted Total Funds Funds 2025 Wages and salaries Client welfare Pension provision Rent, rates and insurance Travel and subsistence Postage, printing and ststionery Telephone and computer expense5 Heat and light Office expenses Audit fees Legal and professional fees Promotional costs Membership fees Depreciation - equipment Bank fees Equipment hire and rental Motor expenses General expenses Repairs and maintenance Other staff expenses Recruitment Central office allocation 354.277 354,277 31,407 21,210 12,280 2,035 3,837 5,160 14,995 5,437 3,000 37,940 9,379 13,068 52,737 1,479 20,803 31,190 31,407 21,210 12,280 2,035 3,837 5.160 14,995 5,437 3,000 37,940 9.379 13,068 52.737 1,479 20,803 31.190 6,977 25,367 600 (80,017) 6,977 2S,367 600 (80,017) 84,144 489,017 573.161 Unrestricted Funds Restricted Total Funds Funds 2024 Wages and salaries Client weffare Pension provision Rent, rate5 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 Motor expenses General expenses Repairs and maintenance Other staff expenses Recruitment 322,437 27.155 10,184 76,182 1,212 8,184 12,802 53,975 6,927 3,300 15.843 5,374 6,240 322,437 40,069 10,184 76.182 1,212 8,184 12,802 53,975 6,927 3,300 15,843 5,374 6,240 51,657 637 2,462 2,542 25,994 17,123 25,625 22,362 12,914 51.657 637 2.462 2,542 24,507 17,123 25,625 22,362 1.487 66,058 645,073 711.131 -26-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 11. Floating support Unrestricted Funds Restricted Total Funds Funds 2025 Wages and salaries Pension provision Client welfare Rent, rates and insurance Travel and subsistence Heat and light General expenses Telephone Repairs and maintenance Staff expenses Motor expenses C8ntral office expenses 164.091 2,180 2,341 5,052 9,339 240 6,934 1.675 948 183 717 24,963 164,091 2,180 2,440 5,052 9,339 240 6,934 1,675 948 183 717 24,963 218,761 99 99 218,662 Unrestricted Funds Restricted Total Funds Funds 2024 Wages and salaries Pension provision Client welfare Rent, rates and insurance Travel and subsistence Heat and light General expenses Telephone Repairs and maintenance staff expenses Motor expenses Recruttment 127,174 2,162 525 127,174 2,162 1,304 779 4,057 4,057 36 1,498 36 1,498 1,940 3,203 1,940 3,203 779 140,595 141,374 12. Catherine House Unrestricled Funds Restricted Tolal Funds Funds 2025 Wages and salaries Pension provision Client Welfare Travel and subsistence Postage, printing and ststionery Heat and light Equipment hire and rental General expenses Recruitment Rent, rates and insurance Telephone Repairs and maintenance Staff expenses Central office expenses 348,455 3,123 10,965 27 613 14,179 665 1,726 7,482 112,925 877 4,702 3,906 31,203 348,455 3,123 10,965 27 613 14.179 665 1,726 7,482 112,925 877 4,702 3,906 31,203 540.848 540,848 -27-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (conllnu8d) Year ended 31 March 2025 12. CatheTlne House (continued) Unrestricted Funds Re5tri¢ted Total Funds Funds 2024 Wages and salaries Pension provision Client Welfare Travel and subsistence Poslage, printing and stationery Heat and light Equipment hire and rental General expenses Recruitment Rent, rates and insurance Telephone Repairs and maintenance staff expenses 298,801 4,574 9,741 298,801 4,574 9,741 124 244 5,840 968 2,299 5,698 110,000 731 3,954 1,259 244 5,840 968 2.299 5,698 110,000 731 3,954 1,259 444,233 444,233 13. Complex Lives Unrestricled Funds Restricted Total Funds Funds 2025 Wages and salaries Pension provision Client WeKare Office Expenses Travel and subsistence General expenses 32.087 644 634 62 659 32,087 644 634 62 659 34,086 34,086 Unrestrtcted Funds Restricted Total Funds Funds 2024 Wages and salaries Client Weare Office Expenses Travel and subsistence General expenses 21,677 1,108 21,677 1,108 86 93 86 93 22,964 22,964 -28-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (eontlnuedj Year ended 31 March 2025 14. Chrlstmas Grants Unrestricted Funds Restricted Total Funds Funds 2025 Client Welfare General expenses Unrestricted Funds Restrided Total Funds Funds 2024 Client Welfare General expenses 9,379 100 9,379 100 9,479 9,479 15. Mobile Health Unit Unrestricted Funds Restricted Total Funds Funds 2025 Wages and salaries Pension provision Cleaning 27,633 535 825 27,633 535 825 28,993 28,993 Unrestricted Funds Restricted Total Funds Funds 2024 Wagas and salaries Pension provision Motor expenses 23.850 458 1.441 23,850 458 1,441 25,749 25,749 -29-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (Gonllnued) Year ended 31 March 2025 16. Bank Unrestricted Funds Restricted Total Funds Funds 2025 Wages and salaries Pension provision Recruitment Unrestricted Funds Restricted Total Funds Funds 2024 Wages and salaries Pension provision Recruitment 2.611 16 33 2,611 16 33 2.660 2,660 17. Other departments Unrestricted Funds Restricted Total Funds Funds 2025 Wages and salaries Pension provision Motor expenses Unrestricted Funds Restricted Total Funds Funds 2024 Wages and salaries Pension provision Motor expenses 1,980 27 150 1,980 27 150 2,157 2,157 -30-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements {continued) Year ended 31 March 2025 18. Net {expenditure)lincomo Net (expenditure)lin¢ome is stated after chargingl(¢r8diting)'. 2025 2024 Depreciation of tangible fixed assets 95,917 94,042 19. Auditors, remuneration 2025 2024 Fees payable for the audit of the financial statements 3,000 3,000 20. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Social security costs Employer Gontributions to pension plans 1,879,061 143,120 29,323 1,701,664 117,110 26,290 2,051,504 1,845,064 No employee received employee benefits of more than £60,000 during the year (2024.. Nil). The average head count of employees during the year was 87 {2024'. 84). The average number of employees during the year is analysed as follows: 2025 No. 2024 Drop in Centre Crisis Accommodation Street Outreach Administration Floating Bank Catherine House Complex LiveslLink Workerl Mobile Health Unit 14 14 25 12 25 12 87 84 21. Trustee remuneration and expenses None of the trustees received any remuneration in the year. 31
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (wntinued) Year ended 31 March 2025 22. Tangible fixed assets Land and buildings Motor vehicles Equipment Total Cost At 1 April 2024 Additions 695.107 19,595 136,975 458.873 5.160 1,290.955 24,755 At 31 March 2025 714,702 136,975 464,033 1.315,710 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 562,437 25,746 88,664 17,434 343,298 52,737 994,399 95,917 588,183 106,098 396,035 1,090,316 Carrying amount At 31 March 2025 126,519 30.877 67,998 225,394 At 31 March 2024 132.670 48.311 115,575 296,556 23. Debtors 2025 2024 Prepayments and accrued income Other debtors 300,528 31,506 100,938 750 332,034 101,688 24. Creditors: amounts falling due within one year 2025 2024 Trade creditors Accruals and deferred income Social security and other taxes Pension provision Other creditors 50.328 3,862 28,005 4,650 59 53,128 23,136 15,817 8,855 3,763 86,904 104,699 25. Penslons and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £13,206 (2024.. £Nil). -32-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (eontlftued) Year ended 31 March 2025 26. Analysis of charitable funds Unrestricted funds t 1 April 2024 Income Expenditure Transfers At 31 March 2025 Unrestricted funds 1,365,229 229.470 (175.795} {375,729) 1,043,176 At 1 April 2023 Income Expenditure Transfers Al 31 March 2024 Unrestricted funds 1.453.179 196,667 (116,235) {168,383} 1,365,229 Restricted funds t 1 April 2024 Income Expenditure Transfers At 31 March 2025 Restricted funds 2.472.817 (2,848,546) 375,729 At 1 April 2023 Income Expenditure Transfers At 31 March 2024 Restricted funds 76,768 2,150,306 (2,395,457) 168,383 27. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets 225,394 817,782 225,394 817,782 Net assets 1.043,176 1,043,176 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets 296.556 1,068.672 296,556 1,068,672 Net assets 1,365,229 1,365,229 -33-
The Welcome Organisation Company Limited by Guarantee Notes to the Financial Statements (eontlnued) Year ended 31 March 2025 28. Analysis of Changes in net debt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand 1.071,683 (499,031) 572,652 -34-