Charity registration number 1125539 (England and Wales) Company registrallon number 06526106 LIVERPOOL SEAFARERS CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 LIVERPOOL SEAFARERS CENTRE r?) xeinadin
LIVERPOOL SEAFARERS CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trusteès Mr G Rafferty MT LAye-Klaung Falher M P Cadddl Bi%hopTJ N0 Sè¢r•tary MrJ Wibon Charity number Fngland and Walesl 1125539 Company number 06526106 Reglstered offlce 20 Crosby Road S(xJth Waterkm) verpool Merseyside L22 1RQ Indepèndent èxaminer H8lÈn Furfong FCCA Xeinadin North West knmited 46 Hamilton Squa Birkenhead Wirral Meeide CH415AR Bankers LWS Bank PLC Victoria BranL*) 98 orta Street London SWIE 5DG Investment advlsors CtyAsset Management PLC 15 Bishopsgate London Greater London EC2N 3AR
LIVERPOOL SEAFARERS CENTRE CONTENTS Page Chi8f Executive's Report Trustees. repDrt Indèpendent exafflinerfs rep(xt statement of financ(al activities Balancg she8t 10 Statement of cash lows 11 Notes to the financial statemenis 12-22
LIVERPOOL SEAFARERS CENTRE CHIEF EXECUTIVE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 The object of Ltverpool Seafaier5 Cenire as stated wthin the Artides of Assooabon and for which the Charity is established for the pvbfic benetrt is lo promote the spirtiual, mral physical welfare of rktsons who are or have been seafarers and their famjies". Dalty. the team. to include iK)Ih staff ThemrS and VolTJntEers. vtsit vessels berthed within Dur area of jurisdiction. introduong tha service provision to all, bo rt the hand (rffeoowship. a (x)nver5ation. the op[rtUnIty for a run ashore or the suptly of a basi¢ rx>mmodity. be it for the vessel or per$al use when shore leave is not possible due to operations. inspection, liai8ing with shwe based reprewtsth.ves or SOTn8 other reason. When in wrt it can be very busy peri(Kl for crew with duies to perfomi often whicl cannol be achieved when the vessel is 8t sea. Crew welcome a ws',t, b8 It a differgnt frd, a conversation sijmeone from oulsKle of the v8ssel and or Sts management, a listening ear being n-jUdgeMental and on Itcasions in confidence. We all love to talk. crew ale no different belng able to exchange ideas and thoughts. Our Volunt8&rs bringing a wealth of experience from a divers¢ sknll set acrr)ss tnany industries, given the tirne eruragTrEn1 are key to our success. Livwpool Seafarers Centre and the gEographi(21 area where vèssels are berthed ig Tenowned for its diversity and ability to meet the presented need. be il a spare part. tOP4Jp of prowsKXJS maln5y fruit and vegetables. and or a simple shopping 5Etvice. Crew do suffer With ailments. 8 trip to the kxxl phamiacy. NHS Walk4n Céntre, H05Pital for sornething pethaps rnore aeute or lor dental trea1Tt Ls all encornpassed our service prowsion. We continue wrth the oral hygiene inilative e(UgI9 crew to take care Df themsefves which has demonstrated ptssitwe outcomes. somc irfwhith have been an ad&on lo personal wellbesng. Local supermarkèts are generous tn their suwlus focxy donations. arnbienL chilled and frozen, all proving to be a welcome relief to crew on tK)atd, adding a little home txjmfort So popular we are reque5tEd in advance if any dOrnan can be dellvered 19 a parhcular vess81. Wth patmjemic restriction rdaxed. sorne operating companies did lor some months shore leave. when Ue. some introdu¢ed an ernbaryo. shore leave ending at 8 particular tirnè, even though the vesse5 was t sailing. Now all th Co¥td introduced with reststctions imposed. some of whith exists t(Klay. shore leave 15 eno)uraged to enhan Ere5, general wellbeing and improve mental stability foi each individual. No malter the vessel, presented as it 15. remains a )loating metal box heavily regulated through regular inspecb.on together with the routine of maintairhing 8ccurate rtifi(X"0n. For sorne shore leavè Is at a premium, due to the manife5l of the day to day bnesS of managing a vessel. At tha ¢ore of the business Mle] is daity ship $thng. Seatsret5 do as the OprtUnity arise. wsitirrfJ the centre. froTn which we offér an outreath to local SuT[atkets, a run to Liverpool oty for soma tall Ih8fdPy And to exenCe the tOUT15t attractions. On occasion a run to the f(K)Iball stadia is iequesled. Th8 importance of Ship Visib'ng is eviden¢ through the (x)nversatiDns with Seafarer5 whether il be on board v&ssel, whilst travélling in the rninib¢Js or within the centr. who ate lon¢liness. isEJlation. fatigue, monotony as cotnrtKn issues upon which they are challengBd daity. Afriendly listening ear can often relieve the burden ol mentsl pressure. Along a Seafarer to sm'.le followiTrJ a remark or conveTsal'on. Ggn momentarily relieve this burden. Much research ha5 and continues to uphold the mentsl wellbeing of S8af8rers resulting in online support and printed material tEing av3ilaWe. H¢y*ever will not replace thp hurnan contac( rnuch of wfLth Nvds k)st in re¢xnt year5 following the pandemic.. today our outrèach continues to be well receTved None of our Mission In Ministy wll be possibtE wth(yJl the dedication fxn Ihe staff members of Liverpool Seaf8reTS Centre together with our Volunteers, who maintasn and uphold the Christian Ethos. The Direciors l Trustees acknowlcdge those who have and continue to SUPFK)rt our activity and endeavours through the corhtinuous supply of WDcAly hats, warm clottung. books and periodicals of inteSt. confecliDnary, cak8s. children's clothing, toys and jigsaws, all ofwhich are gw8n to Seafarers. with the message that they have been gwen to us to pass on wlh Love. Furthermore. new donors have cxKne forward followng the appeaL% through radio. press and social media anc5 added to the gifts, all of which have been wetl receNed by cxew. The Directors l Trustees sh to pla on record their gratefvl thanks to ail individuals and groups, to indude many parishes Wthin theIality who most generousty support ourwork wth J)ese donats"Dns. For the tired Seafarèr, who through age. personal ieason or illn&%s is no longer employed, a means through which communication maintained wth the numerous tnaritime assticiations of past shippiryJ cgsr.panies is offered by Liverpool Seafarers Centre. may necessitate a Orne visrft. which erntles a need. relieve knneliness or isolation or simply a befriending service. As a need .,s ideiiltfied, ptattical wiStar is offered and when necessary financial support through a dis(xeh"onary grdnt, the replacement of hous8hoYd goods or a contribution towards funeral expenses (an be made.
LIVERPOOL SEAFARERS CENTRE CHIEF EXECUTIVE'S REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The year has been 8 most tesb'ng time but one which we Lan look back on with some pride and with the enormous giatitude to the appointed staff team together wtth the Deputy Manager and the aTtny ol supwrters who continuously supplied 50 many items which were distributed to Ihe deserving Seafarers without whorn kni5 county, zn i51and nation, would have potentialty starved. However. they herOilIY maintained the supply chains in the rnost demanding situations. ensuring that Mtal supplies are retsined. We a encouraged through skill, dedication and often personal sacrifice Liverpwl Seafarers Centre has. without dou fully resfX)nded and been key in honouring and the transformation the lives ol those for whom we aJE called lo serve. Mr J Wilson Chief Executive Offjcer Date..
LIVERPOOL SEAFARERS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARGH 2025 Th8 trustees present thÈlr annual and finan(#al statements forthe year ended 31 March 2025. Th8 financial siatements havè been PTeparwl in accotdance vith the 8XmInting policies set OLrt in note 1 to the nancial Statements and tompiy bmth the GharKVs goveming dc)wmant, Ihe Compan5 Act 2006, FRS 102 'The Financial Reporbng St8ndard applicable in the UK and RepuNic of IielarvJ' and the Chatitiès SORP "Accounting and Reporting by Charitie5= Statement of Rets)mmended Pract applicable to chartbgs preparing their ac(Unts in accordance with the Financial Reporb'rrfJ Sts[ard applicabk in the UK and Republic of Iieland IFRS 1021.. Objecttves and activitles The object of Liverpool Seafarers Centre as stated wihin the Artides of Asso(x"atton and for which the ChaTity is establi5h8d forlh8 pubfic benefil K% 10 promote the spiritual, mordl and phCal weware of persons wts) are or have been seafarers and their families.. The centie pursues th object through the prO510n of facilitses at the Centre in Waterloo aThl thè Drop-in. Easlha Hub. through the establi5hmetht of a Chaplaincy team, V(Aunteers and stalt, lead by the Chief ExecuÉNe. Whilst the direction and policies of the Centre are detEmined by the Trustees. who act in an honorary capauty and eel lo monltor the aff8iTS of the Centre, the Chief E¥e¢>JtNe h3s rosKK>nsibilty for the day lo day running of the C8ntsB. Public Benefit In view of the above It is the opinion of Ihe Direciors l Ttee$ that the charity continues to dewly p85S the publlc benefil test. The Directo[5 1 Tnjstees cxyffirm that they have r8frrenc8d the Charity Cornmission's general guid8rt on public benefit when wiewing the Chari5 aims and objectNes. Lerp1 Seafarers Cen['S Trv5tees ¢onfim ihey hav8 CDrnpiled with the duty in section 17 01 the Chants"es Act 2011 to have du8 regard to the pUbr benefit guidance pubtished by the Charity Commisslon In determinin9 the acbviues undertakèn by the Charity. General Data Protection Regulation {GDPRI Legislation introduced in May 2018 ensured compliance tmth wr data. all ol whith 15 mair>tained to a minirnum. Uverpool Seafarers Centre is registered wth ICO. Strateglc Report Thè description under the headiros 'AChievemlS and Performan. and Finan¢i81 Revi meets cornpany Lqw requirements for the trustees to present a strategic TeporL
LIVERPOOL SEAFARERS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Achievements and performance The Directors l Trustee5' primary objedwe is to de]iver a first dass Servi to al Seafarers 8s part irf their Christian outreath. whilst at the 5aTne time, ensuring a sustainable finanoal posthon both now ar>d for years to come. 11 is Ihiough th8 8MeniCal partnership betsvgen the A&th1P of the Sea ILNerpooll and The Mèrsèy Min to Seafar8r5 that this Servi delivery is 8chi8ved. Ve[F)00] Sealarers Centre. a registereil charity and company limiled by guarantee. ¢ated by thi5 partn8]5hip. ts Ihe vehide through which both partners exeujte their committed objBCtive. Livérpool Seafarers Centre is the lifeline to all Seafarers. to indude fjshers. for whom thg service is aimed. and who bènefit from its delNery. The Trustees. fixxjs their attention on a geographThl area tr> include The Port of LNeroI, Garston Dock5. Birkenhead Dwks, Tranmere (1 Terminal. Bromborough tk)d(, aTKI the varfous bert wthin the Manchester Ship Canal. Our strgth has been the outreath to all Seafarers. for whom shore le3v8 has n¢t always been possible, fast lumarounds and or operations on board. Ihrough a planned FKogTamme Df ship w5ng. Avisit from wr Ship Welfare Visltor, is momentarily a relief frÈ)m the monotony of work. loneline55, isolatK)n and fatigue. all cornpounding upon thè individual s mentsl wellbeing. Mixgj n*ionaliVs on board also 18ad5 to dtfficultl&8 for the individval which result in abuse and or bullwng. often t talked abr for fear of reC]nation. The personal contscl wth a Ship Welfare Visitor on board. in the centre or whilst travelling in ts minibus remains to be well received. Travelllng In the bus is a wonderful opportunlty lor an inthpth conversatK)n eilher wth a gtuup or on an indNidual basis. Liverpool Seafarers CentrE'S siOn is to uphold Se8faTèrs 8nd thr family's aayS 8n5uring 5UPW)rt and eTMpowermen¢ through rais,'ng the Profi by whatever means is available. The Mission is to mt the welfare and wellbeing neèd of all Seafarers, to indude rner1 allh. their famity and o)mmunity in which thèy INe, at home and or at se8. A year that changed the workl forever and fot the foreseeable fvture. has givgn opportunity for LNerpool S88farers Centre io evaluate and develop (x)r& seNice by Ensure the welfare ancs spiritual need of all SeaTrdrS is rnet through a programme of ship wsttsng. Uphold the w8llne85 and rnental heallh awareness of Seafarers Raise awareness of Seafar, their value as indivKtuals to tho èttjnonry ar¥J Ihe sacrifices they mak8. among the industry, thè public at large Be an active organ&8ation within the marilime Ixjmmunty arKI thmugh pogtive communi¢xtion highlight the big issues fafjtvJ today's Seafarets Work C(lab0[atVeIY wtth knndred organisalK)n Inclusive. divèrsè. inspiring and supporbve employer the slaff team, highlighting s8fÈty first, ensuring staff arÉ sufficiendy resourced and trdirw wtth.'n their respectNe ro]e As a member of the IntematiDnal Christsan Maritirr Ass(Kx8tirm IICMAI. Liverpool Seafarers Centre has slgned its code of wndud stating it will:_ Show an unconditional bve to the se8faTer as a human boing, created in the irnagg ol God, and a sinre resp8Gt for herlhis personal vatue5 and beliefs- SeNe seafarers their dependènts ofdl natiO[leS. giOnS. cultures, language, sex or -. Fight prejudic6, IntolerarKe and Injusti of any knnd.. Respect the diversity of ICA Members and Churches and to devekp that whith unites them". Respect the loyalty of those engaged in maritime ministy lo their parti(xJlar ecclesiastical dlsa lne and tradition and refrain from proselIs19 5eafar8rs' Co4)perate with persons. organisations ald instiiutions. Chrislian or non£hrithn. Ithich work for the welfare of seafareTS. As with all our semce provision, with thè fouftdat'on rim1 rwted Mthin Chiistian prinuples. we all uphold the ethos by whith we offEr wr services uncondtbonally. At Lhe core of everything we do is uncorxjitional love surrounding the Mission and Ministry to all frorn aGros5 the world, regardless of beSef. naiK)n21-ty or rank. This stalemenl has been tèsted to the core following the invasion of Ukraine by RussNq, th erllotions running high. often with tho outpourtng ol grief, impartially we have suptK)rted bolh nationalities, wlK> are often part ol the uew compliment on the s8me ship. As Montned on a recènt vi1 to a vessel. "we are swnall in number bul one family logelhef, was th6 uninitiated cornment ceiVed from a Russian Sealarer.
LIVERPOOL SEAFARERS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 FITtancial revlow The Trustees Report and Financial Statement is for the a(x)unling perfcJ. 1 April 2024- 31 Maich 2025. Incotning re50urce5 from chaiitable activities for Ihe year amounted to £515.47012024 £451,398) arml expend¢ture amounted tts £522.871 12024 £525.182) Mth gains on investrnents of £4.976 12024 £2.6381 r8sulting in a deficit of £2,425 {2024 deficit £71,146) tD be deducted frorn tr r8s8N6s brght forbyaid of £618,319. At 31 March 2025 unreslricled reserves stOCKI at £615.894, of which £234.778 is hek1 under investsllènt and cash reserv85 s:1)od at £35,81512024 £29,399). The charitys free resetve5 aMtell to £615,56312024 £617.6091. Res6ryes poll Liverpool Seafarers Centre is supportèd, wher8 necessary, by ihe Ap05tl¢ship of the Sea (Livwpooll charity no 224664 and Tho Mersey Mission to seafars thatty no 220793. lo underwrite Ihe operating cost. The Trustees ot The Mersey MIOrt lo Seafarers acknowledge that foll(Jwing apPIation trj the Trustees of the Apostloship Df th8 Sea (Liverpooll the agreement was amerKled frorn a 50 150 S1t to a 60 140 spliL Thi5 iemains in Pla( today however is undpr review to ensure the cx)ntinuanc8 of LerF) Seafarers GentsE intD future years. Golng Concern Liverpool Seafarers Centre is dependent on the Inanaal SUPFW)rt of both the Awstleship of the Sea (LerpoolI, Charity No 224664 aThJ The Mersey MkssK)n to Seafarers. Chartty No 220793. Both CganiSationS have indicated their willingness to continue this suptxjrt lor the foreseeable future. For this aSon, it ntInueS lo adopt the going ncem basis in preparing the finaniaal statements. For lIXI. thè Trustees have adopted an examination as OPP05ed tr) an audit. The Trustee5 will rewEW this dws(on firturè years. The Port Levy crntinues to operate. albert with a Th1[edUCed tr0e. If all owners I charterers were to participate, this will giv¢ a continuous Irome 5trearn r8duung the liability to tK)th the Apostle5hip of the Sea (Live001) and The Metsey Mission to Seatsrers. Undar the auwces o,. MLC 2006. ship owners and chertorers have a responsibility tu support and contribLrte towards Seafarers weare. a weTrfa provider. LiverpDoI Seafarers Centr8 8kJbmits a request for payment on departure. based Upon th8 gK>ss tonnage of the vessEI, to the appointed Agènt, whts in tum collects the Le and [MbUrSe LIV01 Seafarers Centre. Diswssions are on-going with Peel Ports to manage Port Levy on beall of LNertM)ol Seatdre15 CentrE. who has a systern in to raise invoices, the Port Lw will appear as an additional charge. whith will be collecled and reimbursgd to Lwerpool Seaf8r8rs C8nlrè. Funds reiVed pr speufiq aftjrding the vessd opelators a tsngible outCDme. The Eastham drop-in centrg CtinueS to be a welkused resource. Offering a homety Comfortable venue in which all Carb relax to enjoy the peac£ and 18ek of regulalKJn away fr<)m the vessel. As Directors l TNstees. we must acknowledge the SUFVWt rec8ived frtsm St Marls Paris Church and Churches together In 8rofflborough. Th8 Direotors l Trustees have assessed the major risks to which 'the charity is ewsed and are satSsfied that the systems adopted are suitsble to mitigate &¥FK)sure to major risk. Investmènt policy IA 2019 the Trustees invested 8 sum of £250.CY)O being acCed income over recent yèars. This investment Is managed by City Asset Management Limited, ttsell regutated by Ihe SIDck ExchaNJe and Financial Conduct Authority. Updates are rwNed on a quarterly basis. Investment Manager wll meet with the Trustees ta discuss the portfolK> rfDrmall logeiher swlh a fr%ÈG4St ol futu trends. In the implernelltaon of the investment pdicy, the Trustees follow the Charity commiss? 9uwJan¢* for investment of charlt8ble funds. Income by way of dividend is reinvested within the ptsffolio_ Tre Trustees have agreed on a policy of m6dium rssk, over the period of the Ixvestrnent being a minimum of S year5. howevei the level of risk level i5 under cMstsnt review. Malor risks Th2 trustees have assessed the major ti5k5 to whith the thwity k5 exsed. and are Satisfied that systems are in place ,0 mitigatè Èxposure to the Fnajor risks.
LIVERPOOL SEAFARERS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans lorfuture pÈrfods The past four ye8r5 ha5 been a most diffir( tirne for everyone our daity INes and roLrtines hawng thanged due to the pandemio which irnp05ed restrictEons. of whKth So have berne the new nonm. As we adapt to these changes, lrfe must contlnue to wsure Ihat the wld'S suppty lines remain intact. Seafaring and ultimately the Seafarer is key in this 8nd we, Liverp(K>l SeaYaret5 Centre wll Continue its endeavcTrurs lo ensur2 the delivery a first class sgrvi¢e lo all. irrespective of rank or beEief. Seafarers loo have had to accommodate new règulation. some Df which have irnpacted heawty. Improvémènts in aes&¢n9 medi(xl (zre for both minor injury and peat presCripti¢S retnain5 a ptiority, Iwal A&E departments now offer a new Serw for same day minor injuries. which has proven to ba a bonus for Seafarers where time ashore is at a premium due to faster turnarounds. . The men181 wellbeiryJ ol Seafarers n(M beiTrJ recogntsed, duo wttnarty to the WHO, IMO and ILO who hav8 identifi8d the pToblem exists. Shipping companies a supportNe of the in8bves being driven by welfare providers. LNcrpool Seafarers Centre through its stsff tnember5 and Ihe aSstarce of a Clinical Psychologist, through training lo identify a need, wll supwrt and spaSt any indivual or group of seafrdre to an appropriat8 resour. Should this not btr possible due to lack of time or operations on boatd. infomation will pa&$8d lo collea9ues in subsequent ports. Liverpool Sèafarèrs Centre through ts mernbet5hip of ICMA is well placed in this regard. In March 2020, Liverpool Seafarers Centre was sek(ed tts receNe surplus fcx>J IrDm a lo(l supermarket- this proved so successful that through FoodshaTe, Short dated foLxJ items to indude, bread, dairy products, fiult and vegetables together with bakery items and biscuits are donated by 5 indwidua] supÉrmarkets. This continues to be well CeIved by czew on board. often to the disapp(¥ntsllent of scfne en the suppty is minimal. Liverpool Seafarers Centre has rnaintsined its status. whilst not neCeri]Y through any awards. the verbal and written commcnts continue to te well receN. rnentioning LNerFXY)I Se3frdrers Centre a beacon of excBllenTr. Vvith t staff tearn supported by dedicated Volunteers Llvertx)ol seaf4rs Cen has met ts objethvè. Not being complacenL there Is always rnor8 to do, tt is now appropriale to rEViSiI anS placed Dn hold during and the immediate following Covid-19. 11 rem81nS the inlention to create a Seafarers Wetfare Dro[ Hub wthin the Port of Garston In addition to a faixlity within Birkènhead DLKks ar to exietHI the fadliiy at QE11 D(xk, Ea5thatll. The fa[ty at Eastham is housed withi a building which was shared, tha pmious tenant has relo(3ted. An opportunity now aStS to take over the whol& building affordlng an enh8ne8d facilty and OLtrea( to all ve55els trerthing within the Manchester Ship Can81. Liverpool SeaTrdrer3 Cerrtre has undergone s1Th rnirx)r M[#elng - is the time for a major intemal refuibishmenl. This togèther wth repknemenl vehi&5 wll te the driver for a major fvndrdising c8mpaign In the region of £500K. TO address the vision. it ne(ssitale the recruitrnent of additional staff Merntrs and at the same time attract additional Volunteers. Furthermore, within this model tr.e prioribes of the lef Executive will changè to be more management focused with the day-to-day manBgement falliThJ to Depty Manager priorrtln9 on the front4ine Operatn. With this model in place this wll ensure that 1 ststutory and legiatIve requirernents of the Charty are mèt in a timety manner which al the same knme ensure that thè (xjmmibmenl of the CharitablE Obiecbve is mel in full. Liverwol Scafar8rs Centre will rise lo tre thlenge to rneet Ihe presènted need and support all Seafarers visiting the various Mersey Ports. This. together wtth an tCh to veteran Sealarers and their f8mity, will ensure th81 Liverpool Seafarers Cenlre relains its standing and reojgnibon in it5 se provision. Structure, governance and management Governing doEument The charity is controlled ty its goveming doCun( a deed of tru< and (x)nstrtutes a limited cofflpany. limiied by guatantee. as deffned by the Companies Acl 2006. Th8 eharity applies th8 Charity Commission Governanc6 ce.
LIVERPOOL SEAFARERS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The ttuslees, who are also the directtsTS for the purpose of wmpany law. and ¥tho seNed during the year and up to the date of signature of the finan(ial statements We-. Mr G Rafferty Mr L Aye-maung Father M P Caddell Rt Rev B A Mason Bishop T J Nelon (Resigned 7April 2025} Recruitment and appointment of trustees Trustees are diawn from the Merseyside Area and most are already tsmilÈar wlh the praciical work of the ntre when appointed. Any new trusiee will be enoouraged to atten(J short training sl0n$ to familiarise thernselves wtih the charity and the contexi in which il operates. Management Day to day operational rnanagemenl undeT the control of the Chief Executive. The Chief Executive ensuies that th8 Board is kept up to date wth any thanges in legislation. njtes and regulab.ons vthith may affect the Charity. Key management remuneration Under the terrns of FRS 102 SORP, the Chief Executive. to whom the day to day managernent of the charity is delegated by the Trustees, will fall wthin this category. In addition to saLiry and pension contributions, which are reviewed annually by the Trustees in December. the Chief Executive has the use of a tnotor vehicle, primarily to Condu the business of Ihe charity. tcoether wth a rnobile telephone. Afulfy expensed al"KIent policy is in plac8. The trustees. report was approved by the Board ofTrustees. Mr J Wilson Company Secretary Mr G R8fferty Trustee Dale.. 14 rnP.lokn.......
LIVERPOOL SEAFARERS CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVERPOOL SEAFARERS CENTRE I rewrt to the trustees on my examination of the finanoal ststemenls of LiverDI Seafarers Centre (the ¢harity} for the yc8r ended 31 Mard) 2025. Responsibilitiès and basls of report As the trustees of the charity land aLg) its dire(lors for the purpos8s of company lawl, you are responsible for the prep8r8tion of the financial 5tstements in accordan wth the r8quirements of the Companies Acl 2006. Havtng satisfied myself that the Iinaniial statements of the charity arE not quiTed to be auditèd under Part 16 of the Cornpanies Act 2006 and ère eligible for independent examination. I report in respect Df my examination of the ch8riWs financial statements car{d out under section 145 of the Charities Acl 2011. In carryqng out my examinab.on I hava followed the Direcbons given bythe Charity Commiss under section 14515llb) of th8 ChtleS Act 2011. Indapgndent pxamlner's statement Since the charity's gro55 income exceeded £250.0(X). Ihe indeFendent ex8miner rnust be a member of a body Ilsted in section 145 of the Charities Act 2011. 1 confim thai l am qualified to Ulertake the examination beUSe l am a member of th8 ASsoation of Chartered Cerhfied Accountants. whith is one of thè li%led bodies. I havg completed my examination. I mnfim that no matters have (x)me to my attention in connection wth the examin8tion giving me cause to believe in 8ny material resp8d.. accounting records were not kept in respect of the d)arity as required by section 386 of the Companies Act 2006. trie financial stslements do not ac<x)rd wilh Ihose reojrds" or Ihe finanrial ststements do not compty wtth the a(thunb"ng requirements of section 396 of the Companiès Act 2(N)6 other than any JEquirement that the fin8n(ial s'otements give a tnje and fair view, which is not $ matter considered a5 part of an independent examination-, or the finanoal statements have Not been Prepared in a(xmIa¥) [h the methods and prinuples of the Statement of RecornrTed practi for accounting and reporting by charities applicable to ch8rtbes PTeparing their financial statèments in accordance with the Finanaal Reporbng Stsndard applicable in the UK and Republic of Ireland IFRS 102}. I have no conM$ and have (x)me across rlo other rnattet5 ifb connection wÈth the examination lo which att8ntio should be drawn in this repDrt in rxderto enatrAe a proper undetstanding ol the financial statements to be reached. Helen Furlong FCCA Xeinadirl North West Llmited 46 Hamilton Square Birkenhead Wirral Mer5eyside CH415AR Dale..
LIVERPOOL SEAFARERS CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrict8d ftjnds 2025 Unrestrfcted funds 2024 NoiÈs Income and endowm8nts from.. Donatlons and legaaes Charitable activibes Investments Other income 324,2SB 189.813 1,268 131 269,267 174.758 7,369 Total Income 515.470 451,398 Expenditure on: RaisirNJ funds Ch8rttable aCtiVe5 2,936 519.935 3.253 521,929 Total èxpenditure 522.871 525,182 Nel gwnslllosses} on investments 13 4,976 2.638 Net expendlture and M0Mnt in funds {2.425} 171.146} Rèconciliation of funds: Fund b8t8n¢es at 1 April 2024 618,319 689.465 Fund balances at 31 March 2025 615.894 618.319 The statement of finanal activrfies indudes all gwn5 losses recognised in the yè81. All income and expenditurè deiNe from continuing activrties.
LIVERPOOL SEAFARERS CENTRE BALANCE SHEET ASAT 31 MARCH 2025 2025 2024 Note5 Flxed assets Tangible assets Investments 15 16 331 234,778 710 231.772 235.109 232.482 Current asset5 Stocks Debtors Investtnents Cash al bank and in hand 18 19 20 4.822 348.853 6.032 35.815 4,822 358.660 6.317 29.399 395.522 399.198 Creditors: amounts falllng due within one year 21 114.7371 113.3611 Net current assèts 380,785 385.837 Total a5S8ts le55 Gurrent liabilities 615,894 618,319 The funds of the charity Unrestricted funds 615,894 618,319 615.894 618,319 The company 15 entitled to the exemption from the audil requirement Ix)ntained in section 477 of the Cornpanies Act 2006, for the y8ar ended 31 March 2025. The directors acknowledge their resp)nsibilities for LX)mptying with the reqU1ments of the Cornpanies Act 2006 with respect to aithunting records and the preparation of finanoal statements. The members have not required the company to obtain an audit of its finanoal statements for the year in qu85tioll in accordance with section 476. These financial statements have been prepad in arxwdanr£ wtth Ihe pmisions applicable to companies subjeci lo the small u)rnpanies regitne. The fi ncial statements were approved by Ihe IteeS on ......................... Mr G Rafferty Trustee Company registration nurnber 06526106 (England and Wales) 10-
LIVERPOOL SEAFARERS CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 PAARCH 2025 2025 2024 Cash flows from 0rating adivities Cash generated frotnllabsoibed tiy) operations 25 152,1671 Investing activities Purchase of investments Proceeds from disSaI of inveslments Investrngnt incon* reIVed 142,640} 44,894 146.6481 42,533 7.%9 Net cash generated from investlng activilies 3.522 3,254 Net cash generated from financing a1vItIeS Net increaselldecrea5el in cash and cash equivalents 6,416 148.9131 Cash and cash equNalents at beglnniru of year 78,312 Cash and cash equivalents at end of year 35.815 29,399 11
LIVERPOOL SEAFARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policie5 Charty Informatlon Liverpool Seafarers Centre is a private corrlpany firnited by guarantee in(x)rw)ratEd in England and Wale5. The registered is 20 Crosby Road South, WaterftMTr. LNetEMX)l. Mets8ysidè. L22 1 RQ. 1.1 Ba515 of preparation The financial ststernents have been prepa in accordan wth the charity's governing document. the compani Act 20tK. FRS 102 Yinan(#al Reporting Standard applicab in the LIK and Repubtic of Ireland. and the charits SORP 'Accounting and Reporting by Charities: Stslement of Re(x)rnmended Practice appli13ble lo ¢harttiES Pteparing their accounts in acCOrdar th the Finanrial Reporting Standard applicable in th8 UK and Republic of Ireland IFRS 102)". The Charity t5 a Public Benefrt Entity as dèffined by FR8102 The finan¢ral $tat8ments prepared in steding. which is the functnal c[rencY of the rhaTty. Monétary amounts in IhEse finanoal staternent5 arp rwnded to the neat £. The financ1 statèments have en ptepaTed U) the h;'storical wst convention, tllodified to indude the investrnonts held at fair value. The principal acxountsng poiiaes adopted are set out below. 12 Going concern At the tsme of approving the finan¢iat statements. lh& trustees have a reasonab expectation that th? Chanty has adequate resources to continue in 0rational existen for the foreseeable fvlure. Thus the trustees continuè to adopt the going conc8rn bÈsig otacc(xJnting in preparing the financial statements. 1.3 Charltable fijnds Unrestiict8d fvnds arè availabk for use at the discretion of the lJustees in furlherdn¢x of their charitablp objectives. 1 A Ineome Incorne is recx)gnis6d when the chartiy k% legally entiled to il after any performance cx)tKIthons have been met, the amounts Can be measured reliably, and it k8 probable that in¢yxne will be ret%ivÈd. Cash donations are rewgnised on recetpL Other donatKJns are recognised once the charity has tEen notified of the donation, u'nless performance mnditK)n5 require deferral ol the amount. Income tsx r8(x)verable in relation to donations rw£ived under or d8eds of ¢enant is reo)gnised al the lime of the donation. Leg8Ci8s arè r8cogni8ed on receipt or otherwise rf the charity has Ixen nottfied of an impen(Jing distribution, thè amount is known. and receipl is expeGled. If the arrwnt is not known. the Ia¢ Is treated as conliJ)gent asset. Income from charit2b18 activities indudes int%)me reNed under contract or where enlillement to the grant funding is subjecl to performa{* conditiOTL%. In{x)n reo)onised in the Statement of Financial Activttses when the related servic85 hav8 prtiMd. income rVed in advance of ttW9 semces beiw provid8d is deferred. Incorn& from tradino actMti8s. includes income from fundraisng events and tsading artNibes to rd15e funds lor the tharity. Income is recognksed when earned and the charity is entilled to Ihe iecetpl. 12-
LIVERPOOL SEAFARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢countin9 polities (Continued) 1.5 Exp8nditure Expenditure is recognised OF? there is a IwJal (xjnstructive Obligati tD tran5fgr economic benefft to a thiJ pariy. it is probable that a transfer of econryllic benefits wll be required in setuement, and the atnounl of the obllgation ran be MUrj rellay. Expenditure is dasstfied by activity. The rxjsts of each actswty are made up of the totsl of dir8Ct costs and shared costs, including supwrt o)sls involved in undertaking each actpAty. Diiect costs attributable to a single activity are alfvtéd diredty to that a¢bvity. Shared costs whith u)ntThbute to more than one 8Ctivity and support costs which am not attributabl8 to a single activity are apw)rtion8d between those activities on a basi5 consistent with the use Df reswrces. Centrd slaff costs are alk)cated on the basis of time spent. and depreCIan Gh8rge5 ate allocat£d on the FK)rbty) of the assel's use. Liabilitie5 are cOgnISed as expènditure as soon as Ihere a tegal or constructivo obligation commitfyng th8 charity to that expenditure, it is that a transfer of economic benefits will be required in settlement 8nd thè amount of the obliga (xn be measured reliabfy. EyndibJre is accounted for on an accruals basis and has been dassified undet headings Ihat aggreg8te all c(>st lated lo the pategory. Where costs Ggnnot be diredy attributed to p8rtKlar headings they have been allctated to activItS on a basis o)nsislent th the usa of regwrces. Supptrrt costs are those that that ass15t the work of1he ch8rity a not diredy attributable to the charitablè 8ctivthes. Supp1 costs indude offi( costs. adn7inistratNe payroll costs and governancè costs which support the charills aclivities. Wherè the support costs cant attributable to a direet activity they have bèèn allocated to trE costs of rydi$5ng fvnds and charitable activiETr&% oft a proTrrats basis. Govemance costs prESent costs asswated vAth meekn"r•J the CAytilutiOnal and stabJtory requirements ol the charty arKI indude th& audit fees costs linked lo Ihe strategic rnan8gemenl ofthe charity. 1.6 Tangible fixed assets Tangible fixed assets at8 initialty meaSUTed at Ix)st and yjbsequentty measured at cost or yaluatlDll. net of depreciation and any Impairment h)sses. D8predation is recognised so as to write Dff Ihe mst or valuati( of assets les5 their Te5idual values ovar their U58ful INes on the followng b85es". Fixtu and fittings Motor vehides 20% on cost on (x)st The gain Dr Ioss 8rising on the disposal ol an a&set is delern7ined as the difference betsveen tha sale proceeds and the carrwng value of the a5seL a1 is rewnised ITr the statement of finanaal activities. Assets bEtow £750 are not Ggpitallsed. 1.7 Flxed asset Investmerts Fixed asset investments aTe intbalty measured al tr8nsaction price excluding transaction costs. and are 5ub5equenfy measured at fair value at each reporting date. Changes in f8ir value a recognised in net inCDTnellexpendiluI lor Ihe year. Transaction u)sts arp 8xpensed as incurred. 1.8 Impairmert Offed assets Al eaEh reportir& end date, the thartty reviews the 13rng amounts of its tsngible assets lo determine whèthar there is any indication that those asse have suffered an imp8irtnent 1055. If èny such indicab.on exists. thé recoverable 8llK)unt of the assel is estimated in order to determine th8 8Xtent of the impaiTrnent loss lif anyl- 13
LIVERPOOL SEAFARERS CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Aecounting pollcles
Icontlnuedl
1.9 stock5
Stocks are st8ted at the lower of rost and eslimaled sdling price Iwss costs to complete and sell. Cost
Compri direel maieria15 and. where appliozble. direct labour cosfs arKI those overheads that have been
Inrred in bringing the Sto lo their present location and cwdition. ttems held lor distribution at no or
no)min81 Consideration a measured the I0r ol replacement $t and c05t.
Net realisable value 15 the estimated sdling all estimated costs of completion and costs to be
Incur in marketing, selling atKJ distribution.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deFQSits held at (sll wth banks. other short-tettn liquid
investments original matLsrities of thiee monlhs or less. and bank overdrafts. Bank overdrafts arè shown
within borrowings in rrent liabilthes.
1.11 Flnancial instruments
The charity has elected lo apply the provisions of secb.on 11 'BaS Financial Instruments. and secti 12
'Olher Financ1 Instrurn8nts Issues, of FRS 102 to all frf tt5 financial instents.
Financial in5trutnents atp conISed in the tharivs balance sheet when the charity becomes party to the
contractual prDW5it5 of in$brnent
Financial assets and liabilities are offseL wtth the amounts pr8sented in the finanryat stat8Mls. when
there 1$ a legalty enforceable right Io s8t off the recognised amW[ and there is an intentiDn to setde on a net
basis or to alIse the asset and settlè the liability s1muttanejy.
Basic financlal assets
8dSiC financk81 assets, include debl
LIVERPOOL SEAFARERS CENTRE NOTES TO THE FINANcL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles Ictsntinuedl 1.12 Elnployee benÈffits The cost of any unused holaY entiuement is re(wnised in Ihe peric in which the employee's service$ are receNgd. TeTminaUon benefits are colSe{l lrnmediat8 as an expense when the tharity 15 dE[Tn${rabty committed lo terminate the employmentofan empwa orto termination beneffts. 1.13 Retsrement b8nefJts Payments to defined cntrIbution retlr8ment tefft scheme5 are chatged a5 an expense as they f811 due. Critical accountlng estimate5 and Judgements In the application of the ¢hartty's a(xounting rN)Icie5. Ihe tnJstee5 required to make judgernents. estimate5 and assumptions about the (xrrwng amouni of assets and li-txlib.es thal are nol readily app8rnt from other sources. The esbmatss 8nd aSSl5ted assumption5 ate based on historical expern and other factors that are considered to be relevanL Aciual JIt$ may drffer from these estimates. The estimates and undetlynig assumptiorts are reeWed an oOIng basi8. RévisnS to accoLEnting estsmates are r8cognised in the Feriod in bthich the esb.mate is revwd wher8 the tpvision affects only that period, or in the period ol the rev¢sion and futurè periJ$ wheTe th8 revision affeds both current and ftjture periods. Income from donailons and le9acl& Unrestricted funds 2025 Unre5tr1cted fvnd5 2024 Donations and gifts 324,258 269,267 Income Irom charitable activiknes Unreslricted funds 2025 Unrostricted funds 2024 Provi51on of welfare facilitses Port levy Room hir8 6.012 6.451 8,7 6,41yJ Other trading acttvitigs Shop & bar income Internet & phone rS Profil on foreign exchange other income 70.521 54.564 30.346 21.919 53,420 68,739 37.892 189,813 174,758 15-
LIVERPOOL SEAFARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from inv85tmènts Unrestricted Unrestricted fLEnd5 funds 2025 2024 Income from listed invesirnents 1,268 7.369 (Xh•r income Unrestrlcled Unrestrlcted Jnds funds 2025 2024 Bank interest 131 Expenditure on raising funds Unrestrithd Uniestricted funds lunds 2025 2024 Investmgnt management 2,93fj 3253 16-
LIVERPOOL SEAFARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charJtabEe activities Provision of welfare facilitie5 2025 Other trading activities Total Provlslon of welfare faGilities 2024 other trading activit18S Total 2025 2025 2024 2024 DirErt Costs Staff costs Depreciation and impaiiment Shop & bar purchases Phone cat¥ls Rent & rale5 Hèal & lighl Insuranca REpairs,renewd15 & equlpment leasing Cleaning Mini*uses. travel & Subsisten Printing, postage & 5talionery Computer & telephone Other rSts Chaplaincy subscriptions Advertising & PTOtnotio 188.354 188.354 185.030 185,030 379 379 53,497 56.118 37,504 21.720 13.840 1.507 1,507 39,758 48.611 37,049 19,955 15.116 53,497 56.118 39.758 48.611 37.504 21,720 13.840 37.049 19,955 15,116 23.451 8.162 23.451 8.162 37,645 8.342 37,645 8.342 25 25.2eA) 33,882 33,882 3.727 10248 31.904 2.843 7.766 3.727 10.248 34.022 2.843 7.766 3,034 8.346 32,239 6,707 13.982 8.346 30.188 6.707 13.982 2,118 2,051 375.158 111.733 486.891 41X¢.783 90.420 491.203 Share of support and governance costs (see note 9) Support 14,888 GovernaJ 18.156 14,888 18.156 14,948 15.778 14.948 15.778 408,202 111.733 519,935 431.509 90.420 521.929 Analysis by fund Unre5tri¢Xed fUts 408.202 111,733 519,935 431.509 90,420 521.929 SLbPPOrt costs allocated trj 8ctivibe5 Provision of welfare facilities 2025 Totsl 2024 Staff costs Governan 14.888 18,156 14.948 15.T18 17-
LIVERPOOL SEAFARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activltie5 Ictsntlnued) 2025 2024 Governance costs comprlse: Accountancy Leg81 and professional Bank charge5 Tnjstees indemnity Insuran 6,500 6,506 1.116 4,034 6.500 5.423 70 3.785 16.156 15.T18 10 Net mov8mènt In fun(ts 2025 2024 The net mvement in lunds i8 statsd after chargingl(credrtingl: F888 p8yable for the indeppnd8nt exam5nation of the tharity's fin8noa( stat8ments Depreatn of ovmed tangib fLKed assets 379 1.507 11 Trust8•s None ol the trustees lor any persons connected wtth Iheml t[Ved any remuneratitsn or benefits frorn the charity during the year. 12 Employees The aVe monthly numberofemp(oyees the year 2025 Number 2024 Numbèr Administration 11 Employment Costs 2025 2024 Wage5 and Salaries Social security cx)sts 0th8r p8nskJn costs 171,638 8,362 Z3,242 173,575 7,593 18.810 203.242 199,978 -18-
LIVERPOOL SEAFARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employee5 Icontinued) The nutnber of employees whose Hnnual MuTrerdbQn vrds rnor8 than £60.000 is as follow5: 2025 Numbèr 2024 Numb8r £60,[Km)0,[K)0 Remuneration of key managèment personnel Key management of the charity cotnprtses of the Chief Executiv8. The rnuneration of key management personnd vras as follows: 2025 2024 Aggregate compensation 69,186 69,455 13 Gains and losses on investmèrtts Unrestrlcted Unrestricted funds funds 2025 2024 Gainslllossesl arising on.. Revalu2tK)n of invesbmerbts S819 of investrnents 3,092 1,884 12,3041 4.942 4.976 2.638 14 Taxation The charity is exernpt from taxabon on tts a¢Aivthes because all ts inv[ i% appld for charitsble putPDges. 19-
LIVERPOOL SEAFARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Tanglble flxed assets Motor vehick5 Total rrtttnys Cost At 1 April 2024 56.599 53.065 109,664 At 31 March 2tr25 56,599 53.065 109,664 Depreciation and impairment At 1 April 2024 DepcIall0n charged in the year 55.892 3T9 S3.12 108,954 379 At 31 March 2025 56.271 53.062 109.333 Carrying amount At31 Marth2025 328 331 At 31 Marth 2024 707 710 16 Fixed asset investments Cash in portFolio Total investments C05t orvaluatlo At 1 April 2024 AddOn5 Valuatlon chaTrJes Disposa 228.748 42,640 3,092 {43.7441 3,024 1,018 231.772 43.658 3.092 143.7441 At 31 March 2025 230,736 4.042 234,778 Carrying amounl At 31 March 2025 230,736 4,042 234.T18 Al 31 M8r¢h 2024 228.748 3,024 231.772 17 Financial instruments 2025 2024 Carrying amount of financial assets Instnjments measured at fair value through proft or loss 6.032 6.317 -20-
LIVERPOOL SEAFARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Stocks 2025 2024 ¥inished gctds and good5 for resale 4.822 4.822 19 Debtors 2025 2024 Amounts falling due within one year other debtors Prepay:5 and a¢¢rued itKorne 188.736 160.117 208,244 15CI,416 348,853 358.680 20 Current asset investments 2025 2D24 Unllsted investrnents 6.032 6.317 21 Creditors: amounts falling due within one year 2025 2024 Accxuals and deferr8d Income 14,737 13.381 Retlrem•nt benefit scheme5 2025 2024 Deflned contrlbutlon schemes Chargè to proflt or loss in re5pectof defined LxjntributiL sd)emes 23.242 18.810 The charity operates e defin8d ¢xMrtiib,Jtion pen&ton scheme for all qualifying employccs. Th8 assets of th8 scheme are held separJtety ftom those of the chlty in an Inde[dendY administered fund. 21
LIVERPOOL SEAFARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Operating lease commltrnents Lossee At the porting end date the charity had rAJtslaThling (x)rnmitrnents foT lulu mlnlmum lease payments under non-cznTrlkble operating leases, fall due 85 folkyw8. 2025 2024 Within one year Between two and fiv8 rS In overfNe years ,DOO 140.000 140,000 35.ODO 140,000 175,000 315,000 350,000 24 RÈtated party transacon$ The Mersey Mission together with the Aposueship of the Sea lknverwjoll a registered charity No.. 224664 joinuy own thè premis&s of Colonsay House and charge nI to LiveryThl seaf¥15 Centre for the use of the premls&s. They have entered into an agreernentlo underwrite the (x)sts of Ihè Liver] Seafarers Centre (Registered Charity.. 11255391 from equalty pVIous to 60% Aposugship of the Sea {Liver0]I & Mersey MissK)n as of 01 January 2020 to dale. During the rEriod the LNer1 Seafarer Centrè re15 financ4al support from the MeY Mission arnounting to £11MTr,OIK)12024 £80.0001 with theAwstleship of the Sea ILNerpooll giving £150,0(K)12024 £120,0j1. Both tK)die8 received incotne frotll LNetpoDI seafa$ Centre {LSCI of £17,500 e8ch bn9 tha rent tharged for the use of CLlonsay Flouse by LSG. At the 31 Marth 2025 £95.42512024 £26.1rii was due from the Mersey Mission to LSC. 25 Cash g•n•rated fromllabsorbed by) operations 2025 2024 Defi1 for the year {2,4251 171,1461 Adjustments for. Investment income recognised in staternenl of finaniial adivibes Gain on disposal of inve5trnents Fair value gains and losses on investments Depreciath)n and impairment of tangible fixed assets (1.268) (1,884) {3,092) 380 17,3691 14,9421 2,3r)4 1,506 Movements in working capital-. Decre8se in debtots IncMse in creditors 9.807 1.376 25,561 1,919 Cash gerterated fromllabsorbed by) operations 2.894 152.167) 26 Analysls of changes in n8t funds The charity had no material debt during tha yèar.