COMPANY REGISTRATION NUMBER. 04127838 CHARITY REGISTRATION NUMBER.. 1168372 SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 MARCH 2023 HARGREAVES & WOODS Chartered Accountants Cholmondeley House Dee Hills Park Chester CH3 SAR 111111 'ACIS2SNS• 2a11212023 COMPANIES H(XJSE
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 Page Trustees. annual report (incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statemenls 8-23
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT {INCORPORATING THE DIRECTORS REPORTI YEAR ENDED 31 MARCH 2023 The trustees, who are also the directors for the purposes of company law. present their report and the financial slaternents ofthe charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 the Republic of Ireland IFRS 102)leffeclive 1 January 2019). Reference and administrative detsils Registered charity narne Safe Regeneration Ltd Charity registration number 1168372 Company registration number 04127838 Principal office and registered office Sl Marys Complex Waverley Streel Boolle Merseyside L20 4AP England The Trustees Mrs J M Ellis Ms H E Summer- Resigned 30 May 2023 Mrs K E Traynor Mr M J Brennan Mr M Walker Mr l E Pollitt Senior Management Mr B Dawe Chief Executive Officer Independent Examiner JA Hargreaves FCA Cholmondeley House Dee Hi115 Park Chester Cheshire UK CH3 SAR Solicitor Excello Law 1 Derby Square Liverpool L2 9XX
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTORS REPORTI YEAR ENDED 31 MARCH 2023 Structure, governance and management Safe Regeneration Limited was incorporated in 2000 as Liverpool Safe Productions Ltd. The name was changed in May 2015 to Safe Regeneration Ltd. The governing documents are the Memorandum and Articles of Association which were revised in June 2016. Safe Regenefations Ltd ('the charily'l was registered as a charity on 21 July 2016. The charity's policy in respect of the recruitment. appointment and induction of trustees aims to strike a balance between local representation whilst ensuring the necessary skills are present to allow the board to carry out its duties and responsibilities. This is an ongoing review process. The Chief Executive Officer is responsible for the induction and training process for new trustees. Objeclives and activitles The charity delivers a range of community led projects designed to deliver social. economic and environmental benefits to the neighbourhood and re5idenls of Bootle. Key activities during the year incSuded'. Provision of business enterprise support to start up businesses through the Safe Hub. Participatory arts programmes and community- based landscape programmes Development of an apprenticeship prograrnrne to help young people in the area back into Ihe work environment.
deslinalionBootle- on going work in respect of the capital development project for the area which
aims to deliver affordable housing and improved community space The truslees have given careful consideration to the Charity Commission's guidance on public benefit and are satisfied that the activities undertaken meet this criteria. Subsidiary Company 123 Accommodation CIC was established in 2014_ The principal activity ofthe company during the year comprised the undertaking of a building project on and around St Mary's Complex in Boolle, Liverpool which is being funded by local authorilylgovernmenl- #destinationBootle. During the year the company applied for planning permission which was refused. Post the year end. an appeal against the decision was also refused. The company is seeking advice as to a further appeal. The company also owns a community pub- Ihe Lock & Quay, which is a communty venue and holds events and activrties to engage the local community.
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS REPORTI YEAR ENDED 31 MARCH 2023 Strategic report The following sections for achievements and performance and tinancial review form the stralegic report of the charity Achievements and performance The organisation has delivered a range of funded programmes this year continuing to support people who face disadvantage5 in the labour market. endeavouring to give people the skills and confidence lo play an active role in the regeneration of the communities in which they live. The Lock & Quay communily Pub and Gardens has enjoyed another successful year, with a committed team using the facility to provide a range of exciting and engaging events. moving ever closer to becoming financially sustainable. Through the Breaking Ground project, the Charity has used this as a plafform to share the learning and skills gained through ihe development and delivery of the destination bootle project. And although we have been unsuccessful to date in delivenng this capital programme, we will continue to explore options to brin9 the projecl to fruition. The trustees remain confident that, as a result of funding secured for future and Current projects, the group remains financially viable and able to move forward with ils plans. Financial review The total income for the year was £533.873 (2022 £558.627) The deficit for the year was £14,32212022 £118.961). Total funds were £141.091 as at the yearend12022 £155.413) ofwhich £36.613 was restricted12022 £10,272). Reserves policy The trustees are reviewing their reserves policy in light of the changing nature of the activities in which the charity engages and until the outcome of the #deslinationBootle project is delerrnined. The policy will take into account the risks facing the group and will seek to ensu Ihat adequate Un stricted funds are retained in the group going forwards to protect against unexpected events and issues. Risk management The trustees review the risks that they consider are pertinent to the operations of the group on a regular basis. Once a risk is identified and discussed. aclions are taken to assign relevant staff members with responsibility for any mitigating actions if appropriate. The risk register is monitored on a regular basis. The main risk that the trustees consider is relevant to the operations of the group are risk over withdrawal of funding for projects. To mitigate this the charity has sought lo diversify its activities as far as possible to ensure that any loss of support does not cause significant damage to the operations. Other risks include changes to Government policies and regulatory issues which may adversely affect the charitable sector.
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT {INCORPORATING THE DIRECTORS REPORTI YEAR ENDED 31 MARCH 2023 Plans for the future Activities at the SAFE Hub continue to prosper with interesting opportunities for project work being presented. The trustees are confident that Ihe #destinationBootle capital project will continue to move forward despite set backs with planning. Although initial plans were rejected the trustees are working to revisit Ihe plans and they are confident that consent can be achieved. This year. is the last full year of European funded projects which will bring to an end over two decades of working with many partners from across the continent. Through our work with 123 Accommodation CIC and the Breaking Ground project. we are confident that we have established slrong foundations for the growth and diversification of the charity to play an active role in assisting communities across the Northwest to develop and deliver their own asset development projects. The activities at the Lock & Quay continue with an amazing schedule of events to bring our community logether throughoul the year-we hope this year we can begin to plan to renovated the remaining of the pub building, bringing the space back into use to provide guest accommodation securing additional income for the chanty. Small Company Provisions This report has been prepared in accordance with the provisions applicable to companies entitled lo the small companies exemption. The trustees, annual report and the strategic report Vre approved on 12th December 2023 and signed on behalf of the board of trustees by= Mrs J M Ellis Director
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE INDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF SAFE REGENERATION LTD YEAR ENDED 31 MARCH 2023 I report to th8 trustees on my examination of the financial statements of Safe Regeneration Ltd I'the charity'l for the year ended 31 March 2023. Responsibilities and basis of report As the trustees of the company (and also its directors for the purpo*s of company law) you are responsible for the preparation of Ihe financial statements in accordan with the requirements of the Companies Acl 2006 ('the 2006 Ad.). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the Charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Acl'} and in carrying out my examination I have followed all the applicable Direclions given by the Charity Commission under section 145 (51 {bl of the 2011 Act. Independent exarniner's statement Since the charity's gross income exceeded £250.000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l arn qualified lo undertake the examination because l am member of the Inslitute of Chartered Accountants in England and Wales (ICAE, which is one ofthe listed bodies. I have completed my examinalion. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material resped.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act", or 2. the financial statements do nol accord with those records-, or 3. the financial statements do nol comply with ihe accounting requirements of section 396 of the 2006 Acl other than any requiremenl that the accounts give a 'true and fairf view which is not a matter considered a5 part of an independent examination., or 4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charilies applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) I have no concerns and have come across no other matters in connection with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. J A Hargreaves FCA Independenl Examiner Hargreaves & Woods Cholmondeley House Dee Hills Park Chester CH3 SAR
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME & EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2023 Unrestricted Funds Restricted Funds 2023 Total 2022 Total Note Income & endovmients from: Donations & grant income Charitable activities Total income 28.500 78.068 106.568 384,511 413.011 120,862 533,873 380,755 177,872 558,627 427,305 Expenditure- Expenditure on charitable activities Other expenditure 7&8 180,411 367.784 548,195 677,588 10 180,411 367.784 548,195 677,588 Net incorbie l(expenditure) 73.843 59,521 14,322 118,961 Transfer between funds 25 33.180 33.180 Net movements in funds (40,663) 26.341 {14,322) (118,9611 Recon¢iliation of funds Total funds brought forward 25 145.141 10.272 155,413 274 374 Total funds carried forward 25 104.478 36,613 141,091 155,413 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activits"es. The funds comprise unrestricted and restricted lunds. The notes on pages 8 to 23 forrn part ofthese finarla1 statements
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION YEAR ENDED 31 MARCH 2023 Note 2023 2022 Fixed Assets Tangible assets Investments in subsidiaries 18 19 322,866 100 322,966 319,975 100 320 075 Current Assets Debtors Cash at bank and in hand 20 106,739 13.921 120.660 42,797 93.218 Creditors: amounts falling due within one year 21 229.891 40.727 Net Current Assets 109,231 52,491 Total assets less current liabilities 213.735 372.566 Creditors: amounts falling due after more than one year 22 217,153 Net Assets 141.091 155,413 Total Funds Restricted funds Unrestricted funds 25 25 36,613 104.478 10,272 145,141 141,091 155.413 For the year ended 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies_ Director's responsibilities.. The members have not required the Company to obtain an audit of its financial slatemenls for the year in question in accordance wilh section 476- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statement. l-hese financial slatements have been prepared in accordance with the provisions applicable to Companie5 subj8cI to the small companies. regime. These financial statements were approved by the board of trustees and authorised for issue on 12th December 2023, and are signed on behalf of the board by:_ Mrs J M Ellis Director The notes on pages 8 10 23 form part ofthese financial siatefflents
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 1. General Inforniation The charity is a public benefit entity and a private company limited by guarantee, incorporated in England and Wales and a registered charity in England and Wales_ The adijress of the registered offi'ce is St Marys Complex, Wavedey Street. Bootle, Merseyside. L20 4AP, England. 2. Ststement of Compliance These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republi¢ of Ireland.. the statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (effective 20191, Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102), (Charrties SORP {FRS 102)) and the Companies Act 2006. 3. Accounting Policies Basis of Preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assels and liabililies and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of Ihe entity. Going Concern These financial statements have been prepared on the going conrn basis, which assumes that the charity will be able to meet all liabililies as Ihey fall due for payment for at least the twelve-month period following the dale of signing of these statements. This is based on financial forecasts prepared and approved by the trustees. Funding and grants have been secured lo support the day-to-day adivrties of the charrty which will ensure that the cash position of the charity will remain positive for the foreseeable period_ The #deslinalionbootle project will only be progressed once funding has been secured and hence the trustees are carefully monitoring this position so as to not expose the group to any risk. Disclosure Exemptions The charity has applied Update Bulletin 1 a5 published on 2 February 2016 and does not include a cash flow slalement on the grounds that it is applying FRS 102 Section 1A. The charity has also applied reduced disclosures in relation to financial inslruments_ Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgments are continually reviewed and are based on experien and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 Income Tax Safe Regeneration Limited has charitable exemption from Corporation tax, and as such, none is included in the accounts. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Incoming Resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; il is probable that the economic benefits associated with the transaction will flow lo the charity and the amounl can be reliably Measu. 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. 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 lo the donor or Ihe estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds 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 recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activibes to which it relates.. Expenditure on charitable aclivities includes all cosls incurred by a charily in undertaking actIv.e$ that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the g0Veman if the charity apportioned to charitable activities. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of ils expenditure on charitable ath"vilies. All costs are allocated to expenditure categories reflecting the use of the resource. Direct C051s attributable to a single activity are allocated directly to Ihe activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent ba51S.
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 Tangible Assets Tangible assets are initially recorded at cost. 2nd subsequently stated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the dale of revaluation le55 any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impaiment that has pvioUSlY been recognised as expenditure wilhin the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recagnised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other CogniSed gains and losses on the statement of financial activities. Depreciation 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.. Freehold property Plant and machinery Fixtures and filtings Not depreciated 20% straight line 330A straight line Property is not deprecialed on the grounds that it has been designated for redevelopment which will increase the value. Investments Shares in Subsidiary Undertakings Investments in subsidiary undertakings are measured at cost less impairment. Impairment of Fixed Assets A review for indicators of impairment is carried out at each reporting date. wrth the recoverable amount being estimated where such indicators exist. ere the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting dale. For the purposes of impaiment 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 are largely independent of the cash infloyts from other assets or groups of assets. Government Grants Government grants are recognised at the fair value of the asset received or re1Vable. Grants are not recognised until there is reasonable assuran that the charity will comply with the conditions attaching to them and the grants will be received. io
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 Government Grants continued Where the grant does not impose specified future performance related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. ere the grant does impose specified future performance related conditions on the recipient. it is recognised in income only when the perfom)ance related conditions have been mel. lthere grants received are prior lo satisfying the revenue recognition Criteria, they are recognised as a liability. Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Defined Contribution Plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Debtors Short term debtors are measured at transaction price. less any impairment. Creditors Short term creditors are measured at the transaction pri. 4. Limited by Guarantee The company is limited by guarantee. and in the event of the winding up of the company the liability of each member is limiled to a contribution of £1. S. Donations and Grant Income Unrestricted Funds Restricted Funds Total 2023 Total 2022 Donations Granls 15,000 365,755 380,755 28.500 28,500 384.511 384,511 413.011 413,011 6. Income from Charitable Activities Unrestricted Funds Restricted Funds Total 2023 Totsl 2022 Contribution to running costs Project income 51.120 26,948 78,068 51.120 69.742 120,862 39,367 138,505 177,872 42.794 42.794 li
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 7. Expenditure on Charitable Activities Total Total Unrestricted Restricted 2023 2022 Purchases Wages & salaries Rates & water Light & heat Repairs & maintenance Insurance Other establishment costs Motor & travel costs Legal & professional Telephone Other office costs Interest on bank loans Freelance costs Marketing & advertising Bad & doubtful debts 14 78 170.157 3,437 33,185 5.472 5,350 22,446 11,126 81,216 2,484 10,414 9,511 19.054 4,105 {300) 1.071 11.739 258,416 2,799 15,900 15,370 4,355 10,613 19,252 136,411 2,157 9,851 6,765 47.094 8,109 615 107 9,882 1,386 4,000 96,202 6,850 2,880 282 3,301 3.028 224 1,727 3,437 33,185 1.350 5.350 17.005 4.085 69.112 2.484 7.326 3,923 168,430 4,122 5,441 7,041 12.104 3,088 5,588 19,054 1,291 2,814 {300) 1,071 Depreciation Training allowance Subscriptions Awards & grants Partner fees Expensed equipment Use of premiseslfacilities Other costs 487 487 22.500 3,976 134,435 26,476 134.435 200 200 598 598 2.330 4.593 270 Volunteer expenses Accountancy fees Other finance costs 2.330 4,593 248 180.411 22 367.784 548,195 677,588 12
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 8. Expenditure on Charitable activity typo 2023 Activities undertaken directly Grant Funding of activities Support costs Total funds Unrestricted fund Restricted fund Governance fund 153,070 367.762 22,500 175,570 367.762 4,863 548,195 4,863 4,863 520.832 22,500 2022 Activities undertaken directly Grant Funding of activities Support costs Total funds Unrestricted fund Restricted fund Governance fund 148,380 525,956 148,380 525,956 3,252 677.588 3,252 3,252 674.336 9. Analysis of grants 2023 2022 Grants to institutions.. 123 Accommodation C.l.C. 22,500 22.500 13
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE COMPARATIVE FOR THE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2023 10. Comparative for the Stalement of Financial Activities Unrestricted Funds Restricted Funds Total 2022 Income from.. Donations and grants Charitable Activities Total 35,000 126,398 161,398 345,755 51,474 397,229 380,755 177,872 558,627 Expenditure on.. Charitable Adivitie5 Other Expenditure Total 151,568 526.020 677,588 151.568 526,020 677.588 Net Income Transfers between funds Reconciliation of funds 9,830 12,123 {128.791) {12,123) (118.9611 Total funds brought forward Total funds carried forward 123,188 145.141 151,186 10.272 274,374 155,413 11. Taxation No liability to UK Corporation Tax arose on nel incoming resources for the year ended 31 March 2023 nor for the year ended 31 March 2022 for the chanty. 12. Net incomel{expenditurel for the year Net incomel{expenditurel is stated after chargingl(crediting) Total 2023 Total 2022 Depreciation of tan9ible fixed assets Independent examiner'5 fee 1,071 2,290 107 2,160 13. Independent Examination Fees Totsl 2023 Total 2022 Fees payable to the independent examiner for. Independent examination of the financial statements 2,290 2,160 14
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 14. Staff Costs The total costs and employee benefits for the reporting period a analysed as follows.. Total 2023 Total 2022 Wages & salaries Social security costs Employer contribLrtions to pension plans 156,079 10,504 3.574 170,157 235,655 18,815 3,946 258,416 The average head count of employees during the year was 4 {2022: 6). The average number of fijll time equivalent employees during the year is analysed as follows". Total 2023 No. Totsl 2022 No. Number of staff - admin Number of staff - project delivery No employee received employee benefits of more than £60.000 during the year (2022-. Nil). 15. Trustee rernuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 16. Tangible Fixed Assets Freehold Plant & Fixtures & Property Machinery Fittings Total Cost At 1 April 2022 A(Idilions At 31 March 2023 319,653 8,525 2.600 11,125 5,760 1.362 7,122 333,938 3,962 337,900 319,653 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 8.525 650 9.175 5.438 421 5.859 13,963 1,071 15,034 Carrying Amount At 31 March 2023 At 31 March 2022 319.653 319,653 1,950 1.263 322 322,866 319,975 15
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 17. Investments Other Investments Total Cost of Valuation At 1 April 2022 100 100 At 31 March 2023 100 100 Impairmenl At 1 April 2022 & 31 March 2023 Carrying Amount At 31 March 2023 At 31 March 2022 100 100 100 100 The investment comprises shares in subsidiary undertakings. stated al cost of £1CQ {2022 £100) and comprise the following companies.. Class of Share 2023 2022 123 Accommodation CIC Company number". 08987468 Number of shares held 0/0 shareholding Net Assets Total Income Total Expenditure Profivlloss) for period 100 100°/0 7.393 372,217 374,675 (2.458) 100 100°/0 9,851 432,518 431,373 1,145 Ordinary 123 Accommodation CIC owns and manages the Lock & Quay Comrnunty Pub and is acting as the vehicle to deliver the capital development programme l#deslinationboolle) for the benefit of the charity. 16
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 18. Debtors 2023 2022 Trade debtors Amounts owed by group undertakings Prepayments & accrued income Other debtors 28.652 (1,100) 19,948 23,949 77.979 108 106,739 42,797 19. Creditors: amounts falling due within one year 2023 2022 Bank loans and overdrafts Traée Creditors Amount owed lo group undertakings Accruals and deferred income Social security and other taxes Other creditors 139.560 51.600 3.017 35,258 6,616 2,782 26,524 4,194 611 40,727 456 229.891 20. Creditor5: amounts falling due after one year 2023 2022 Bank loan5 and overdrafts Accruals and deferred income 138,921 78,232 217,153 72.644 72.644 The bank loan (mortgage) is secured against the propety St Mary's Complex and is repayable with interest over 25 years from March 2012. Creditors.. amounts falling due afler one year include aggregate amounts of £44.704 (2022 £162.749) which fall due after five years and which are payable by instalments. 17
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 21. Government Grantsl Deferred Income The amounts recognised in the financial statements for 9overnment grants are as follows.. 2023 2022 Recognised in ¢reditors'. Deferred government grants due after more than one year 72.644 78.232 Recognised in income from donations and grants- Government grant income 5.588 5,588 The deferred income relates to a granl which was obtained to part fund the purchase of St Mary's Complex. This deferred income is being recognised over the term of the mortgage attached to this property- this being 25 years. 22. Pensions and other post retirement benefits Defined Contribution plans Safe Regeneration Ltd operates an automatic enrolment scheme managed by NEST Pensions. The amount recognised in the stalement of financial adivities as an expense in relation to defined contribution plan was £3.57412022 £3.946). The expense is attributable in full to the unrestrided lund. 18
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 23. Analysis of Charitable Funds Unrestricted Funds At 1.4.2022 Income Expenditure Transfers At 31.3.2023 General funds 145,141 106,568 180.411 33.180 104.478 At 1.4.2021 Income Expenditure Transfers At 31.3.2022 General funds 123,188 161,398 151,568 12.123 145,141 Restricted Funds At 1.4.2022 Income Expenditure Transfers At 31.3.2023 Restricted fund general ERDFIEH Phase 2 Erasmus+ Fund- Art4us Erasmus & Euro Trip Erasmus+ Fund- PINOLO SIB The Morgan Foundalion The Good Samaritan Creative Europe BG-LCRHA National Lottery PBSA Nalural England UCL Breaking Ground P2C 540 9,394 1,264 1665) 71,816 159,369) (7.0401 (1.3341 (87,6291 15,5881 (4.3271 (12,987) 2.354 6.743 101,392 5.588 (6,673) 13,098 7,615 1,967 19,843) 3,288 1,967 411 10,672 124 4,699 65.640 25.000 53,333 4.999 12,794 80,000 (55,3861 (14,3281 {52,209) (300) {7.705) 2,569 367,784 (1,000) (5,089) 7,431 33,180 10,272 36,613 19
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 23. Analysis of Charitable Funds Conlinued At 1.4.2021 Income Expenditure Transfers At 31.3.2022 Restricted Funds Restricted fund general Access lo work ERDFIEH Phase2 Erasmus+ Fund-Art4us Erasmus & Euro Trip Erasmus & Fund - Pinolo SIB The Morgan Foundation The Good Samaritan P2C Community Community Fund PSBA CLH Enabler Hub Kickstart Project Tackling Inequalities Fund Creative Europe Breaking Ground P2C 2,060 7,144 38.997 (9,204) (33.441 } 144,4921 (15,3741 169,7011 15.588) (19.674) 15,016> 540 9.394 1,264 (6651 53,886 16,638 20,400 48,636 5.588 27,289 1.967 (3,3371 (492) {23.6651 7,615 1,967 47.425 79,996 24.337 60,136 4,970 (43.473) {80,495) {800) (60,322) (5,6891 {66.2831 (71,4841 (526.0201 (615) 991 128 186 719 56.440 (9,8431 80,000 397.229 (8,516) {12,123) 151.186 10,272 20
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 The purpose of each of Ihe funds still remaining at 31 March 2023 was.. Erasmus+ Fund- Art4us Art4us mission is to use the power of the arts lo transform lives of young people (mixed ability youlh) and promote mental wellbeing and inclusion. Art4us will take a multi-artform creative connecting the project to seven countries across the EU. Erasmus+ Fund- PINOLO Empowering artist is a project that aims to develop skills within the creative sector. working with unemployed artists- the project will create a manual to demonstrate methods that artists can replicate to create social value in their work. The Mor an Foundation The Morgan Foundation provides capital project funding for the on-going renovation of the Lock & Quay ommunity pub. The Good Samaritan The Good Samaritan provides hjnd raising for a music project. Creative Euro A series of new ambitious site-specific perfOrmanS, each integrating aerial, movement, music- to form alternative operas. The performan$ will tell the story of the 'Libertalia' universe," a mythical free land founded by European pirates in the 17th century. Each 'Libertalia' story tums our notion of pirates upside down, telling the tale of pirates who are 'guardians of liberty.. That help release us from the inner and outer world prisons we often exist within. by helping us find our hidden taSure. ERDFIEH Phase 2 The ERDFIEH Phase 2 fvnd will be utilised to continue to support social businesses growth across the Liverpool City region. BG-LCR HA Breaking Ground is the community led housing hub for the Liverpool City Region, launched in February 2021.SAFE Regeneration has incubaled the project, securing funds from Power to Change deliver the programme in partnership with Registered providers from across the Northwest. Breaking Ground has five key objectives., Raise awareness ofthe LCR Housing Hub (Hub) Raise awareness arKI promote Communrty led Housing (CLH) across the knverpool Cty Region {LCRI Provide practical advice and SUPFQrt to potential, emerging and existing CLH schemes in the LCR To develop LCR CLH Hub into a sustainable organisation To promote high environmental sustainability within community led housing schemes Safe has led a group of Achor organisations from across the city region to bring forward a sustainability strategy for the project. Working alongside 123 accommodation CIC to enable communities across the northwesl to develop housing and asset focused project that are of Community-led. The projects has numerous project5 in the pipeline that will support the continued delivery of the key objectives of the Hub. 21
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 National Lotte PBSA SAFE Regeneration has co-created this Phase 3 PBSA plan forthe local area of Bootle. Phase 2 was delivered during a world-wide pandemic which highlighted the value of "community" with community- based charities and the third sector as a whole responding locally, providing care and support to those most in need in neighbourhoods across the UK. It was and is the adaptability of our partnef organisations that has been integral lo the response to needs locally- demonstrating a resilience that we must recognise and celebrate, by developing a strategy that maximises the opportunities for people wilhin our shared community going forward. The delivery of this plan will take place over three years from March 2022, with phase 3 funding of£120,000 awarded in April 2022_ There arethree strands to this project.. Looking after each other- caring for our partners. ensuring we support each other to keep on doing great things in our community People contributing to the physical and emotional regeneration of the Town Creating a resilient. self-sustainable community - #deslinationbootle. Nalural En land Working alongside other community businesses in the SAFE hub including.. L20 Hub, Scrapyard Studi05. Start Creative and In Nature Horticultural Therapy, we have been engaging a varied group of keen growers to the green community hub, including young people andfamilies. vulnerable adults living with dementia. adults with SEN. and people from the LGBTQ community., home-schooled children with autism,. the general community- primarily residents of Linacre Ward, Bootle and some very keen growing volunteersfrom the Lock & Quay Community Pub- especially the'cosy Club. warm space regulars. 22
SAFE REGENERATION LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 24. Analysis of Net Assets Between Funds Company Unrestricted Fund 2023 Restricted Fund 2023 Total Fund 2023 Tangible fixed assets Investments Current Assets Creditors less than one year Creditors more than one year 322,866 100 65.573 {211.4171 172,6441 104.478 322.868 100 120.660 1229.891) {72,644} 141,091 55,087 (18,474) 36,613 Unrestricted Restri¢ted Total Fund 2022 Fund 2022 Fund 2022 Tangible fixed assels Investments Current Assets Creditors less than one year Creditors more than one year 319,975 100 69,269 127,0501 217.153 145,141 319,975 100 93,218 (40,7271 217,153 155,413 23,949 (13,677) 10,272 25. Share Capital The company is limited by guarantee and has no share capital. The liability of members is limited to the sum of£1 per member. 26. Related Party Transactions Duririg the year the company entered into the following transactions with related parties.. Transaction Value Balance owed byl (owed tol Year Year Year Year Ended Ended Ended Ended 3110312023 3110312022 3110312023 3110312022 123 Accommodation C.l.C. 22.965 1.722 3.017 19,948 123 Accommodation C.l.C. is a wholly owned subsidiary of Safe Regeneralion Ltd. Oulslanding balances due by the charity are unsecured and are considered to be repayable on demand. 23