COMPANY REGISTRATION NUMBER: 04345967
LIVERPOOL WORLD CENTRE
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
31 MARCH 2025
CHARITY REGISTRATION NUMBER: 1100888
LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT
(INCLUDING DIRECTORS’ REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES
Under the terms of its registration as a charity, the objectives of Liverpool World Centre are “to advance public education in issues of global development.” These objectives are to be achieved through the provision of services and through acting as an umbrella or resource body to provide education and training, and community development activities.
Liverpool World Centre works with schools, universities, teachers and young people to facilitate understanding of global issues and promote social change using topics such as climate change, sustainable development and social justice to encourage active global citizenship. It also engages with other bodies whose activities are of a similar nature.
The trustees have regard to the guidance issued by the Charity Commission on public benefit and have confidence in that the activities do benefit the global public.
ACHIEVEMENTS AND PERFORMANCE
Liverpool World Centre entered the year with a formidable reputation as a “convening power”, and a known provider of global learning. This enables the organisation to lead partnerships and attract further funding. In this year projects have included continued research around climate education with Liverpool John Moores University, explorations of climate and waste through two projects for teachers and schools supported by Merseyside Waste & Recycling Authority, and the development of recurring and new contracts linking local universities to schools and community organisations.
FINANCIAL REVIEW
Income has decreased from £196,114 to £99,404 which is in great part a reflection to the end of all EU Erasmus + funding projects and access to that particular funding stream. Expenditure has decreased from £163,956 to £112,813.
Total funds at the year-end amount to £59,746, of which £2,310 is restricted and £19,748 designated, leaving General Funds of £37,688.
The trustees recognise and appreciate the commitment and dedication of the team members.
FUTURE VISION: To create projects that bring together all strands of our expertise, and that create and consolidate collaborations with other people, groups and ideas, together making global social justice relevant for people in Merseyside.
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To educate about and challenge global and social injustice
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Support progress towards greater equality by ensuring voices are heard.
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To provide a focal point and be a catalyst for joint initiatives on social and climate justice
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To continually reflect upon, learn and develop our work.
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LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT (CONTINUED)
RESERVES POLICY
The trustees have considered a target of £29,000 for unrestricted reserves which would provide Liverpool World Centre with the resources for a sustainable future in these challenging times. The current target is to be reviewed in the financial year 2025-26.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The company was incorporated with a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
The company is registered as a private company limited by guarantee and not having a share capital, in accordance with section 3 of the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Liverpool World Centre Charity number 1100888 Company registration number 04345967 Registered office Toxteth TV Building 37-45 Windsor Street Liverpool Merseyside L8 1XE Trustees Mrs S L Doherty (Chair up to 16/01/2025) Mr F J Kennedy Mr R A Bissex FCA (Treasurer – resigned 19 June 2025) Miss O Johnson (Chair from 16/01/2025) Ms K M McAllister Mr N R Sawyer Mr Mutsa Kamudzandu (appointed 16 January 2025) Ms P B Nyandoro (appointed 6 February 2025) Ms T E Whittell-Herring (appointed 6 February 2025) Mr M A Smith (appointed 19 July 2025) Bankers Unity Trust Bank Nine Brindleyplace Birmingham B1 2HB
The trustees are the Key Management Personnel and declare that thy have approved the trustees’ report (including directors’ report) above. Signed on behalf of the charity’s trustees/directors on 5[th] November 2025.
Director/Trustee/Chair of the Board ~
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LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNT)
YEAR TO 31 MARCH 2025
| Note INCOME Income from: Donations 2.1 Charitable activities 2.2 Investments 2.3 TOTAL EXPENDITURE Charitable activities 3 TOTAL (Loss) on currency exchange NET INCOME/(EXPENDITURE) Transfers between funds NET MOVEMENT IN FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Funds £ 28,883 34,511 865 64,259 63,815 63,815 444 - 444 583 1,027 56,409 57,436 |
Restricted Funds £ 30,595 4,550 - 35,145 48,998 48,998 (13,853) - (13,853) (583) (14,436) 16,746 2,310 |
Total 2025 £ 59,478 39,061 865 99,404 112,813 112,813 (13,409) - (13,409 - (13,409) 73,155 59,746 |
Total 2024 £ 130,567 65,249 298 |
|---|---|---|---|---|
| 196,114 | ||||
| 163,956 | ||||
| 163,956 | ||||
| 32,158 (822) |
||||
| 31,336 - |
||||
| 31,336 41,819 |
||||
| 73,155 |
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LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
Company Registration Number 04345967
BALANCE SHEET
ON 31 MARCH 2025
| Note | 2025 | 2024 | ||
|---|---|---|---|---|
| £ | £ | £ | ||
| CURRENT ASSETS | ||||
| Stocks and work in progress | 6 | 7,640 | 2,240 | |
| Debtors | 7 | 7,619 | 20,960 | |
| Cash at bank and in hand | 45,750 | 49,955 | ||
| 61,009 | 73,155 | |||
| Creditors: amounts falling due within one year | 8 | 1,263 | - | |
| NET CURRENT ASSETS | 59,746 | 73,155 | ||
| TOTAL NET ASSETS | 59,746 | 73,155 | ||
| FUNDS OF THE CHARITY | ||||
| Restricted income funds | 9 | 2,310 | 16,746 | |
| Unrestricted funds | 9 | 57,436 | 56,409 | |
| TOTAL FUNDS | 59,746 | 73,155 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of financial statements.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies’ regime and in accordance with FRS102 SORP.
Signed on behalf of all the trustees/directors on 5[th] November 2025.
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Olivia Johnson
Olivia Johnson Director/Trustee/Chair of the Board
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LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR TO 31 MARCH 2025
1. ACCOUNTING POLICIES
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
(a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Charities SORP (FRS 102) and the Companies Act 2006.
The charity meets the definition a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
(b) Legal status of the Charity
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.
(c) Going concern
The trustees consider there are no reasons to suggest that funding for the current projects will not continue and therefore the financial statements are prepared on a going concern basis.
(d) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are for the various projects undertaken by the charity. The cost of raising and administering such funds are charged against the specific fund.
(e) Income
Income is included in the Statement of Financial Activities (SoFA) when:
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The charity becomes entitled to the resources:
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It is more likely than not the charity will receive the resources:
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The monetary value can be measured with sufficient reliability.
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LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR TO 31 MARCH 2025
There has been no offsetting of assets and liabilities, or income and expenses, unless required by or permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included in the Statement of Financial Activities when the general income criteria are met (5.10 to 5.12 FRS102 SORP).
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Contractual income and performance related grants
This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
Income from interest
This is included in the accounts when receipt is probable, and the amount receivable can be measured reliably.
(f) Expenditure and liabilities
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constrictive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and support costs
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Redundancy costs.
The charity made no redundancy payments during the period.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over its useful life, as follows: 20% on cost.
(g) Volunteers
The value of the services provided by volunteers is not incorporated into these financial statements.
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LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR TO 31 MARCH 2025
(h) Fixed assets
Tangible fixed assets were capitalised if used for more than one year, and cost at least £250. Furniture and equipment acquired during the year and funded by restricted income are expensed within the year. Other assets are valued at cost and depreciated over five years at 20% per annum.
(i) Stocks and work in progress
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
(j) Debtors
Debtors are recognised when invoices are raised. Accrued income and tax recoverable are included at the best estimates of the amounts receivable at the balance sheet date.
(k) Creditors
Creditors are recognised where the charity has 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.
(l) Pensions
Employees of the charity are entitled to join a defined contribution money purchase scheme. The charity contribution is restricted to 3% of salaries. There were no outstanding contributions at the year-end. The costs of the of the defined contribution scheme are included with the associated staff costs and allocated therefore to raising funds, charitable activities, support and governance costs.
The money purchase plan is managed by NEST. The charity has no liability beyond making its contributions and paying across the deductions for the employees’ contributions.
(m) Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the balance sheet date using an average rate of exchange due to fluctuations.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of Financial Activities.
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LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR TO 31 MARCH 2025
2. ANALYSIS OF INCOME
2.1. Donations and legacies
| Donations General grants provided by: Government Other charities 2.2. Charitable activities Other 2.3. Income from investments Interest TOTAL INCOME |
Unrestricted Funds £ - - 28,883 28,883 34,511 865 64,259 |
Restricted £ - 28,580 2,015 30,595 4,550 - 35,145 |
Total funds 2025 £ - 28,580 30,898 59,478 39,061 865 99,404 |
Total funds 2024 £ - 85,183 45,384 |
|
|---|---|---|---|---|---|
| 130,567 | |||||
65,249 298 196,114 |
Of the total income of £196,114 for the prior year, £136,979 was restricted.
3. ANALYSIS OF EXPENDITURE
| Expenditure on charitable activities Support costs Work in progress Brought forward Less work in progress TOTAL EXPENDITURE |
Unrestricted funds £ 70,366 1,089 71,455 (7,640) 63,815 |
Restricted £ 46,758 - 46,758 2,240 - 48,998 |
Total funds 2025 £ 117,124 1,089 118,213 2,240 (7,640) 112,813 |
Total funds 2024 £ 152,438 1,243 |
|---|---|---|---|---|
| 153,681 12,515 (2,240) |
||||
| 163,956 |
4. FEES FOR EXAMINATION OF THE ACCOUNTS
No fee has been incurred in connection with the examination of these accounts.
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LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR TO 31 MARCH 2025
5. STAFF COSTS AND EMOLUMENTS
Total staff costs were:
| 2025 | 2024 |
|
|---|---|---|
| £ | £ |
|
| Salaries | 79,184 | 74,994 |
| Social security costs | 1,385 | 539 |
| Pension costs | 2,029 | 2,283 |
| 82,598 | 77,816 |
|
| No employees received employee benefits (excluding employer pension costs) for the reporting | ||
| period of more than £60,000. | ||
| Average head count in the year | ||
| 2025 | 2024 | |
| No | No | |
| Charitable activities | 4 | 5 |
| None of the trustees have been paid any remuneration or any other benefits by the company | ||
| during the year to 31 March 2025. | ||
| WORK IN PROGRESS | ||
| 2025 | 2024 | |
| £ | £ | |
| Expenditure incurred on the following contracts | ||
| PIRC | 7,640 | - |
| Migration stories | - | 224 |
| UKRI CRN | - | 2,016 |
| 7,640 | 2,240 |
6. WORK IN PROGRESS
These costs will be recovered by further income from partners who are funding these projects.
7. DEBTORS
| DEBTORS | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Other debtors | 7,619 | 20,960 |
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LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR TO 31 MARCH 2025
8. CURRENT LIABILITIES
Creditors: amounts falling due within one year
| 2025 | 2024 |
|---|---|
| £ | £ |
| 1,263 | - |
9. CHARITY FUNDS
| 9.1 Details of material | funds held and movements | funds held and movements | during the CURRENT reporting | during the CURRENT reporting | period. |
|---|---|---|---|---|---|
| Fund | Income | Expenditure | Transfers |
Fund | |
| balances | balances | ||||
| 1/4/2024 | 31/3/2025 | ||||
| £ | £ | £ | £ | ||
| £ | |||||
| C-OXFAM | 4,094 | 2,000 | (5,061) | (583) | 450 |
| GL-Migration Stories | - | 2,550 | (2,550) | - | - |
| MRWA Great SCA | - | 28,580 | (26,720) | 1,860 | |
| MRWA23 ReThink | 3,552 | - | (3,552) | - | - |
| UKRI CRN | - | 2,015 | (2,015) | - | - |
| Postcode Lottery | 9,100 | - | (9,100) | - | - |
| TOTAL RESTRICTED | 16,746 | 35,145 | (48,998) | (583) | 2,310 |
| TESSNet | 275 | 8,360 | (6,270) | - | 2,365 |
| C-IDEA | 3,720 | (3,691) | - | 29 | |
| C-HOPE | 1,086 | 10,920 | (11,203) | - | 803 |
| C-Liverpool University | 799 | 4,550 | (799) | - | 4,550 |
| PIRC | 2,191 | - | (2,191) | - | - |
| Cumbria PTC | 4,000 | 4,000 | (8,000) | - | - |
| FRSP | - | 7,500 | (404) | - | 7,096 |
| LJMU Listening | - | 4,905 | - | - | 4,905 |
| LJMU PRF | 2,450 | - | (2,450) | - | - |
| TOTAL DESIGNATED | 10,801 | 43,955 | (35,008) | - | 19,748 |
| General Fund | 45,608 | 20,304 | (28,807) | 583 | 37,688 |
| TOTAL FUNDS | 73,155 | 99,404 | (112,813) | - | 59,746 |
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LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR TO 31 MARCH 2025
| 9.2 Details of material C-IDEA C-OXFAM ErasAGES ErasICAN GL-Migration Stories MRWA23 ReThink UKRI CRN Postcode Lottery TOTAL RESTRICTED TESSNET C-CDECEras C-HOPE C-Oxfam Climate C-Liverpool University PIRC Cumbria PTC LJMU Literature Review LJMU PRF TOTAL DESIGNATED General Fund TOTAL FUNDS |
funds held and movements during the PREVIOUS reporting period. Fund balances 1/4/2023 Income Expenditure Transfers Fund balances 31/3/2024 £ £ £ £ £ 2,425 2,962 (5,387) - - - 13,000 (14,473) 5,567 4,094 - 21,925 (14,843) (7,082) - - 40,108 (37,380) (2,728) - - 9,550 (9,550) - - - 23,150 (19,598) - 3,552 - 5,984 (5,984) - - - 20,300 (11,200) - 9,100 2,425 136,979 (118,415) (4,243) 16,746 275 - - - 275 - 600 (450) (150) - 3,247 9,195 (11,356) - 1,086 5,567 - - (5,567) - 967 4,550 (4,718) - 799 - 10,430 (8,239) - 2,191 - 4,000 - - 4,000 - 3,508 (3,508) - - - 5,700 (3,250) - 2,450 10,056 37,983 (31,521) (5,717) 10,801 29,338 21,152 (14,842) 9,960 45,608 41,819 196,114 (164,778) - 73,155 |
funds held and movements during the PREVIOUS reporting period. Fund balances 1/4/2023 Income Expenditure Transfers Fund balances 31/3/2024 £ £ £ £ £ 2,425 2,962 (5,387) - - - 13,000 (14,473) 5,567 4,094 - 21,925 (14,843) (7,082) - - 40,108 (37,380) (2,728) - - 9,550 (9,550) - - - 23,150 (19,598) - 3,552 - 5,984 (5,984) - - - 20,300 (11,200) - 9,100 2,425 136,979 (118,415) (4,243) 16,746 275 - - - 275 - 600 (450) (150) - 3,247 9,195 (11,356) - 1,086 5,567 - - (5,567) - 967 4,550 (4,718) - 799 - 10,430 (8,239) - 2,191 - 4,000 - - 4,000 - 3,508 (3,508) - - - 5,700 (3,250) - 2,450 10,056 37,983 (31,521) (5,717) 10,801 29,338 21,152 (14,842) 9,960 45,608 41,819 196,114 (164,778) - 73,155 |
|---|---|---|
| 16,746 | ||
275 - 1,086 - 799 2,191 4,000 - 2,450 |
||
| 10,801 | ||
| 45,608 | ||
| 73,155 |
10. ANALYSIS OF NET ASSETS
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| £ | £ |
£ | |
| Current assets | 2,310 | 57,436 | 59,746 |
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LIVERPOOL WORLD CENTRE COMPANY LIMITED BY GUARANTEE
Charity No. 1100888
Report of the independent examiner to the trustees of Liverpool World Centre on the financial statements for the year ended 31 March 2025, which are set out on pages 4 to 12.
RESPECTIVE RESPONSIBILITIES OF DIRECTORS/TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the financial statements under section 145 of the Charities Act;
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to follow the procedures laid down in the general Directions by the Charity Commission under section 145(5)(b) of the Charities Act; and
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to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER’S STATEMENT
My examination was carried out in accordance with the general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts give a “true and fair” view and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention to indicate that:
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accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
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the financial statements do not accord with such records;
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where financial statements are prepared on an accruals basis, whether they fail to comply with the relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS 102);
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any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the financial statements.
Ian Wright B.A. F.C.A. Chartered Accountant 15 Stretton Drive Southport
PR9 7DR
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