The Welcome Organisation
Latest income
£2.7m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted reserves decreased to £1,043,176 from £1,365,229 in the prior year, resulting in a net expenditure of £322,053. The trustees report that the charity maintains a reserves policy target of six months' running costs but used reserves during the year to cover non-recurrent costs and security improvements following an attack on their premises. Per the independent auditor's report, there are no material uncertainties related to the charity's ability to continue as a going concern.
What the accounts disclose
Reserves position: below the charity's own stated policy
“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.” — page 11
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Independent examiner: FEB Chartered Accountants
Per FY2025 accounts as filed with CCNI.