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 V￿re 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 finar￿la1 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 con￿rn 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 p￿vioUSlY 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 re￿1Vable. 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 perfOrman￿S, 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 t￿aSure.
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