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 ne￿OrkS 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¢umstan￿s 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 a￿ayS 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 finan￿al 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
othe￿iSe 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 prepa￿tIOn 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
ir￿gUIarit18s. 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 cU￿encY 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 (ContIn￿d)
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 We￿are
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-