Charlty regi*tration numb•r 1168372 Company reg18tration number 04127838 (England and Wale8) SAFE REGENERATION LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ) Hargreaves & Woods CHARTERED ACCOUNTANTS & BUSINESS ADVISERS
SAFE REGENERATION LTD CONTENTS Page Legal and adminlstrative information Trustses, report Independ8nt 8xamlngrf8 report Stalement of financial actlvltles Balance sheet Noteg lo th8 financial statements 9-24
SAFE REGENERATION LTD LEGAL AND ADMINISTRATIVE INFORMATION Trusts•s Mr M J Brennan Mrs J M Ellis Mr l E Pollitt Mrg K E Traynor Mr M alker Sonlor manag8m•nt Mr B Dawe Chief eXutIve offic8r Charlty numbor 1168372 Company numb•r 04127838 Reglst8red offlc• St Mary's Complex Wavedey Street Bootle Merseyside L20 4AP Indep•nd•nt 8xamln•r Jame$ Hargreave$ FCA Cholmondeley Hou80 Dee Hills Park ChgSt8r Ch8shire CH3 SAR
SAFE REGENERATION LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustee5 present their annual report and financial 5tatsments for the year ended 31 March 2024. The financial ststements have been prepared In accordance With th8 accounting policies set out in nots 1 to the financial ststements and comply with the charlty's governlng document. the Companie$ Act 2006 and 'Accounting and Reporting by Chorities.. Statsment of Recommended Prathce 8pplicabl8 to charities preparing their g¢counts in accordance wlth the Financlal Reporting Stsndard appllcable in the UK and Republlc of Ireland (FRS 102)" (effectiV8 1 January 2019). obctIveS and actlvltle• The charity deliver8 a range of community led projects designed to deliver ¥ocial, economic and environmental benefits to the nelghbourhood and rIdents of Bootle. During the year the Charity.. Contlnued to support local people who face disadv8nt8ges in accessing the18bour market Contlnued to support other communftles to d81iver projects across th8 Northwest and North IAèles, helplng them to access funding in their own rightÉ Secured 8 contract wlth Sefton Council to d8lfver support to $tsrt-up bu81negses in the l)orough Continued to prcsr8ss the # de$tinalionBoolle and explore supporting other communlty led congtruction projeGt3 wlth advice through Its subsidlary company. 123 A¢¢ommodgtion Limited Held a large number of events at The LOCK & Quay Community pub . held In ilg $ubsldiary company 123 ACMMOdatIon Limitsd, including thg provision of a Warm Space project Public beneflt The trusteeg hav8 paid due regard to guldance Issued by the Charlty Commi88ion In deuding what 8Ctiwties th8 charity should undert8ke. A¢hlevements and perfom)anc• Slgnificant activitles 8nd 8chievem&nts against objgctivgs This was the first full year without European Funding support and it was encouraging to report 8 surplus on our activitiés wlthout compromlsing on our $8rvices. The contacts and partn8rs we acquired over the 20 years Wofklng on European funded prolacts stood us in good stead and gave us the strong foundations to contlnu8 to dellver projects acros¥s the reglon. The # degtinollonBootle prolect progre$395 and, de8Plte the setba¢k3 and di$appointsnents prevlousty roported, we are confident that we have a path In place to dellver th1$ Important prolecL The Lock & Quay community pub, run through our subsidiary 123 Accommodation Limlted, continues to go from strength to $trength and dellvered a wlde and variety range of suc¢e88ful activities and ev@nts during the year. Flnancl•l revlew The totsl income for the year was £391,206 (2023.. £533,873). The surplus for the year was £33,922 (2023.. £14,322 deflcltl. Total funds were £175,013 (2023.. £141,091) 8$ at the ye8r4nd of which £75,402 (2023.. £3e,613) were restricted funds. Going concem This was Ihe first fu15 year without support of European Funding and the Trustees are pleased to r8POrt a surplus on activitie$ without compromises to its services. The Tfustees continue to explore other prolects and activitie$ In order to ensure the future of the charlty.
SAFE REGENERATION LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Res8rv9s policy The trlee5 are reviewlng thelr reserve8 pollcy in light of the changing naturg of th8 activilieg in which the tharity engages and until the outcome of the # d8stinationBoots prokct is detgmiined. The policy will tak8 Into aOunt the risks facing the group and will seek to ensure that adequats unrestricted funds are retalned in the group going forwards to protecl against unexpectsd events and issues. Majornsks The trustees review the risks that Ihey consider are pertinent to the operations of the group on a regular basis. Once a rfsk Is identifd and discussed, artions are taken to asslgn relevant staff members with responsibillty lor any mltlgating actions if approprfate. The r18k register 18 monltored on a regular basis. The main risk that the trustees consider 1$ relevant to the op8ration8 of the group are risk ¢)ver wlthdrawal of funding ft)r projects. To mitigate this the charity has sought to diversify its activities a$ far a8 possiblg to ensuTr that 8ny1039 of Support does not Couse slgnificant dam8ge to the operations. Other risk$ Include changeg to Govemment policles and regulatory issues which may 8dversely affect the chartteble 8ector. Strueturep govofflan¢o and managom•nt The charitylg a MpanY limlted by guarantee. Safe Regeneration Limited was Incorporated in 2000 as Liverpool Safe Productions Ltd. The name was changed In May 2015 to S8f6 Regener8tlon Ltd. The governing documents are the Memorandum and Artic188 of As$ocl8tion which were revised in June 2016. Safe Regenerations Ltd I'the charity'} was regl3t8red as a charity on 21 July 2016. The tru8tses, who ar8 also th8 directors for the purp088 of company law, and who served during the year and up to the date of slgnature of the financial statements were,. Mr M J Brénnan Mrs J M Ellis Mr l E Pollitt Mrs K E Traynor Mr M Walkpr Ms H E Summer (Resigned 30 May 2023) Recrnltment and 8ppointment of trustees The charity's policy in respect of the recruitment, appolntment and induction of trusts8s aims to slrfk8 a balanc8 betsveen local representstion whllst ensuring the neces$ary skills are present to allow the board to Cary out its duties and fesponslbllitieg. This is an ongoing revlew proces8. The Chief Executive Officer15 fp8pon5ibl8 for th8 induction and trainlng pro85 for new trusteey. Subgldary ¢ornpany 123 Accommodalion CIC was estsbllshed in 2014. The pdncipal activity of the company during the year comprised the undertaking of a buihjing project on and around St Mary's Complex in Boolle, Liverpool which is being fvnded by local 8Uthorityigovernment- # destinationBootK8. During the year the company applied for plannlng pemission which was refused. Post the year end, an appeal against the decision was also refused. The company is seeking advice as to 8 furthèr appeal. The eompany also owns a community pub - the Lock & Quay. which is a communlty venue and ho$ events and activities to engage the local communily.
SAFE REGENERATION LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, report was approved by the Board of Trusts8s. Mrs J M Ellis Tru8ts0
SAFE REGENERATION LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SAFE REGENERATION LTD I report to the trustees on my examinatlon of the financial statements of Saf8 Reggneralon Ltd (the charfty) for thg year ended 31 March 2024. Re8pon$lbllltleg and basls of rftport As the trustees of the charily land a150 its directors for the purposes of company law) you are regponsible for the preparab'on of th8 financi81 statempnts in 8cmrdance with th8 requirements of the Companie5 Act 2006 (the 2006 Having 8ati8fied myself that the financial statsments of th8 charlty are not required to be audltsd under Part 16 of the 2008 Act 8nd ore eliglble for independènt examination, I report In respect of my examination of the charivs financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In c8rrying OLrt my examination I have followed all thè applicable Dlr8Ctions given by the Charlty Commisslon under section 14515)(b) ofthe 2011 Act. Indgpgndent 0xamln•rf8 statement Since the charity's gross income exceeded £250.000 your examlner must be a m8mber of a body listed In section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination b@C8use l am a member of the Instituto of Chartered Accounts in England and Wales (ICAEW). which is one of the listed bodies. I have completed my ex8mlnats'on. I wnfim that no matters have como to my attention In connection with the examlnation giving me ¢au80 to bellgve that in any materlal respgct.. accounting records were not kept in respect ofthe charity as required by 8ection 386 of th& 2006 ACL or the financial stalements do not accord with those records.. or the financi818latements do not comply with the accountlng requirements ol section 396 of the 2008 Aci other than any requirement that the accounts give a true and fair view which ig not 8 matter considered as Pgrt of an independent examination., or th9 financial stat8ments have not been prepared In accordance wlth the methods and principles of the Statement of Reccrfnmended Practice for accounting and r8POrtlng by charitlg8 appllcable to charlties preparing their accounts in accordance wlth the Financial Reporting Standard applicable In the UK Ènd Republic of Ireland IFRS 102). I have no ncernS and have com8 acro$s no other matters In connection with the examination to which attention should be drawn in thi$ report in order to enable a proper understsnding of the financial statements to be reached. jarn Hprgroavo8 FCA Cholmondeley House Dee Hills Park Chester Cheshirg CH3 SAR Dated..
SAFE REGENERATION LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrv4trlcted Re8trlclod funds fund8 2024 2024 Total Unrestrlct•d Regtrlctsd lund• fundg 2023 2023 Total 2024 2023 Notsg Incom• from: t)onalions and grants Charltable activities 8,833 214,206 147,677 20,490 156,510 234,696 28,5Tr) 78,068 384,511 42,794 413,011 120,862 Total Income 223,039 168,167 391.2ce 106,588 427.305 533,873 Expgndllur• on: Charitable actlvities Other expendlture 208,358 10.870 132,855 5,403 341,011 16,273 178,488 3,923 382.196 5,588 538,684 9,511 10 Total expondltur• 219,226 138,058 357.284 180,411 367,784 548,195 Nol Incomel(•xpondltur•> 3.813 30,109 33,922 (73,843) 59,521 114,322) Transfers between funds (8,680) 33,180 (33.180) Net movemfrnt In lund• {4,8671 38,789 33,922 (40,683> 28,341 (14,322) Reconclliatlon of fundg: Fund ba18nceg at 1 Aprll 2023 104.478 36.613 141,091 145,141 10,272 155,413 Fund balance• at 31 March 2024 99,811 75,402 175,013 104.478 36.813 141.091 The ststem&nt of financial activitleg in¢ludeg 811 gains and losse5 recognlsed in the year. All Income and expenditure derive from contlnuing activitiès. Tho notss on pages 9 10 24 form part of these financlal statement5.
SAFE REGENERATION LTD BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxod a¥•ets Tangible 88gets Invesbnents 12 13 322,064 100 322.868 100 322,164 322,986 Current 098ets Debtors Cash 8t bank and in hand 14 90,489 54,514 106,739 13,921 145.003 120,680 Credltors: omounts falllng due wlthln ono year 18 {14,913) {229,8911 Net current a•••tsllllabllllle•) 130,090 (109,231) Totsl a•¥ets10g9 curr•nt Ilabllltle* 452,254 213,735 Credltorn: amounts lalllng due after more than one year 17 (277,2411 (72.644) Net a89•t• excludlng penglon Ilablllty 175,013 141,091 N•1 ao10ts 175.013 141,091 Th• fund• of th• charlty Restricted income funds Unrestricted fvnds 20 75,402 99,611 38,813 104,478 175.013 141.091 Ttrft notes on page8 910 24 fomi part of th98e financi818tatements. The company is enlitled to the exemption from the audlt requir8ment contained in sectlon 477 ofthe Companie8 Act 2006, for the year ended 31 March 2024. The dirertors ocknowledge their regponsibilili8s for complying with the requirements of the Companle$ Act 2006 wth fespect to accountlng records and the preparation of financial statements. The members have not required the company to obtsin an audit of Itg financial stat8ments for the year in question in accordan wilh section 476. These fin8nclal statements have been prepared in accordance with the provisions applicable to companies subieci to the small MpanI8$ regime.
SAFE REGENERATION LTD BALANCE SHEET (CONTINUED) AS AT31 MARCH 2024 The finanThal statsments were approved by the trustees on .... Mrs J M Ellis Trustsg Company registratlon number 04127838 (England and Walgs)
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclo8 Charlty Infomiatlon Safe Regeneration Ltd is a private company limited by guarantee incorporated In England and Wales. The harity is a public benefit entity and 8 r&gi$tered charity in England and VV8199. The registsred office is St Marfs Complex. Waverley Street, Bootle, Merseygide, L20 4AP. 1.1 A¢countlng convgnllon The financial stslem8nts have been prepared in accordance with the charitys governing document, the Companies Act 2006, FRS 102 °The Financial Reportlng StaThJatd apFlicable In the UK and Republlc of Ireland. ("FRS 102") and the ChatitSes SORP 'Accounting and Reportlng by Charliles.. Statement of Recommend8d Practlc8 applicab18 to charities preparlng thelr accounts In accordance with the Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021" (eff8Ctive 1 January 2019). The ¢hanty 1$ a Public Benefft Entity as defined by FRS 102. The charity has tgken advantage of the provisions In the SORP for charitles not to prepare a Ststemont of Cash Flows, The finandal gtatements are prepared In sterfing, which is the functional currency of the charlty. Monetsry amounts In the88 flnancial jtstements ara rounded to the nearest £. The flnancial Statements have b8en prepared undèr the hlslorical cost convention. The princlpal occounllng policies adopted 8re set out below. 1.2 Golng concern These financial statements have b88n prepared on the going con¢em basis. which assumes that the charity will be able to meet all liabilities as they fall due for payment for at1885t the tsyelvfrmonth peritsj foll¢)wing the date of signing of these Statements. Thi8 18 based on flnanclal forecasts prepared and approved by the trustees. Fundlng and grants have be8n Secured to support the day-to48y activities of the charity which will engure that Ihe cash position of the charity wlll remain positive for the foreseeab period. The # destin8tionbootle project wlll only be progressed once funding has bèen secured and hence the trustees are carefully monlloring thls position so 89 to nol expose the group to any rlsk. 1.3 Charftable fund• Unrestricted funds are avall8b18 for use at the dlscretion of the trustees In furtherance of their charltable objectives. Restricted fvnds are subject to 8pecific conditions by donors or grantors as to how they may be used. The purposes and uses of the restrictsd fijnds are set out in the notss to the financial ststements. Endowment funds are subject to specific condltlons by donors that the capital must be maint81ned by the charlty. 1A Income All incoming resources are included in the statement of financial activltiès when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction wlll flow to the charity and the amount can be reliably measur8d. Th8 following specific policies are applied to particular categories of income.. Income from donations or grants is reco9nised when there is evidence of entilem8nt to the glft, receipt is probable and its amount Can be measured reliabty.
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Contlnued> Incorne from donated goods ig m88sured 8t the fair value of th8 goods unless thi315 impractical to measure reliably, In which case the value is derived from the 5t to the donor or the estimated r8sal8 value. Don9tsd facilities and services are recogni58d in the accounts when received if the value Can b9 reliably measured. No amounts are included for the contributlon of general volunt88rs. Income from contracts for the supply of Services is recognised wlth the delivery of the contracted service. Thi5 is classified as unresth'cted funds unless there Is a contractual requirement for it to be spent on a partlcular purpose and returned if unspent, In which case It may b8 regarded as restrlcted. 1.5 Expendltur• Expenditure 18 rewgnlsed on an amals bag18 as 8 li8bllity Is incurred. Expenditur8 Indudes any VAT whl¢h cannot be fulty recovered. and13 d888ified under headings of the ststement of financlal activltieg to which it relatss. Expenditure on charltable activities includes all costs In¢urred by a charity In undertBklng actlvltles that fijrther Ils charitable aims for the benefit of its beneficiarles, including those support costs and ¢osts relating to the governancg If the charlty apportloned to charitsble actlvitie$. Other expendlture include$ all expenditure that 1$ neither related to raising fvnd$ for tha charlty nor part of Its expgndlture on charitable actlvities. All costs are allocated to expenditure categDrie8 reftgcting the use of thè res(wrce. Dlrect costs attributable to a slngle activity are gllocated directly to the activlty. Shared costs are apportloned beknn the activftlej they contribute to on 8 reasonable, lustlfiabl& and consistsnt ba$ls. 1.8 Tonglble Ilxed a¥¥et• Tangible fixed assets are initlally measured at cost and subsequently measured At cost or v81uation, net of depreci8tion ond any impainnent lo$se8. Dgpreclatlon is recognised 80 as to wrlte off the cost or valuation of assets1889 thelr residu81 value$ over thelr useful Ilves on the followlng bases.. Freehold land and buildlng8 Plant and gquipment Flxtures and fittingy not depreciated 20% straight line 33% strai9ht line Freehold land is not depreciated on the grounds that tt has been de81gnated for redevelopment whlch will increase the value. The gain or loss arlsing on the dlsposal of an asset is detsmilned 8S the differgnce betrieen the sal8 pffKeeds and the carrylng value of the a89et, and Is recognised In the 8tat8ment of financlal actlvitie8. 1.7 Flxed a#8et Investments Investments In subsidiary undertakings are measured at cost less impalnnenl. A subsidlary is an entity controlled by the charity. Control ig the power to govem the financlal and operatlng policies of the entity so a3 to obtain benefits from its activities. 1.8 Impalrnlent of flxod assets At each reporting end dale, the charity r6vlews the carrying amounts of its tsngible as3ets to detsmine whether there is any indication that those assets h8ve suffered an impairment loss. If any such indication exists, th8 recoverable arnount of the as88t is estimated in order to deteIne the extent of the impairment loss {if any). 10-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢countlng pollcle8 (Contlnu•d) 1.9 Ca•h and ¢agh gqulval•nts Cash and oH5h equivalents indude c85h in hand, deposits held at call with b8nks, other ShOrt-te liquid inv8Stmgnt5 wilh orlglnal m8turiti89 of three months or less. and bank ov9rdrafts. Bank overdrafts are shown wllhln borrowings In current liabilltles, 1.10 Flnanclal Ingtrufflents The charity has elected to apply the prov181ons of Sectlon 11 '8aslc Financial Instruments, and S8Ctlon 12 'Other Flnanci81 Instruments Issues, of FRS 102 to all of its financlal Instruments. Finandal instruments are recognised In th8 charfty'g balance sheet wh8n the charity bacomes party to the Contractual provlsion8 of the instnjment. Flnancial 88s0ts and liabilitie$ gre off8eC with lh8 net 8mounts presented in the financial statsments, when there is a legally enforceabl8 right to Set off the recognised amounts and thera is an Intention to gettle on a net bask8 or to re91ise the asset and settle the liability simultsneously, •slc flnanelal a$*•tg Basic financial a3ts, which Include debtors and ¢8gh and bank balances, are Inttialty moagured at transaction prlce Induding transactlon costs and 8re subspquently carried at amortised ¢0gt u$lng the effectlve interest method unless the arrangement constitulg9 a fft'n8ncin9 transaction, where the transaction is measured at the present value of the future receipts dlscounted 8t a market rats of inter88t. Flnancial assets classbfled as receivable within one year are not amortised. 80glc flnan¢lal Ilabllttles Basic financlal Ilabilltles, Includlng credltors and bank loans are Inltlalty recognis8d at transaction price unl889 the arrangement constitutes a financing transaction, where the debt Instrument Is measured at the present value of the futur8 payments discounted at a market rats of interegL Financial liabllities clasglfied a8 payabte within one year are not amorb'sgd. Debt inslruments are subsequently carrled at amortlged cost using the effectlve Interest rate meth¢)J. Trade cre(Iltors are obligations to pay for goods or seNices that have been 8cquir8d in the ordinary course of operations from suppliers. Amounts payable are classified a5 current liabilities if paymenl 1$ due within one year or loss. If not. they are presented as non4urrent liabilities. Trade creditors are recognlsed Inits'8lly at transactlon price and subsequently measured at amortlsed cost uslng the effectlve Interest method. Dorecognltlon of flnanelal Ilabllltle• Financial liablllties are dgrecognlsed when the thafity's contrartual obllgations explre or are dlscharged or cancelled. 1.11 Taxatlon Safe Regengratlon Limited has charitable exemption from corporalion tsx, and as such, none is Induded in the gccount8. 1.12 Employee bgnefft• Temlnation benèfits are recognised Immediately as an expense when the charity is demon8trably committed to tpmilnate the employment of an employee or to provide termination benefits. 1.13 Retlrement benefits Payments to defined contribution retirement benefit schemes are charged 85 an expense 98 they fall duo. 11
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcle• (Contlnued) 1.14 Governmgnt grants Government grants are recognised at the fair value of the asset received or rer8ivable. Grants are not recognlsed until there is reasonable assurance that the charity wlll comply with th8 condltions attachlng to them and the gr8nts wlll be reIVed. re th8 grant does not impose gpecifi8d future p8rformanc8 related condrtlons on the recipient. It 19 racognised In income when the grant proceeds are received or receivable. Where the grant do88 Impose specifi8d future perfomian¢e related conditions on the reclpi8nt, it is recognised in income onty when the perfomance related condiliong hove been met. Ithere grants rec8ived are prior to satlsfying the revenue rècognltlon criteria, they are recogni88d 88 a liability. 1.1S Debtor• Short18m debtor¥ are me88ured at Irangaction pri¢%. legs any impalrment. 1.16 Crndltors Short tern uedltors are measured at the tran88th.on price. Crfllcal accounllng ••tlmats8 and Judg•ment• In the appllcgtion of the charity'$ accounting poll¢l85, the tru8teeg are required to make judgements, estim8ts8 aTrJ assumptlons about th8 carylng amount of assets and liablllt4es that a not re8dily apparent from other sources. The estimat88 and gssociated assumptions are based on historical experience and other factors that are consldered to be relevanL Actual results may differ from these estimates. The estimates and underlying 895umptions are revlewed on an ongoing basig. Revi81ong to accountlng estimat88 are recognised in the period in which Ihe estimate is revi9ed where the revision affects only that period, or in the period of the revision and future perSods where the revlsion affects both Current and future periods. In¢om? from donatlon• and grants Unrostrlcted R08trl¢tsd fund• fund• 2024 2024 Total Unrnstrl¢t•d Re•trlctsd fund¥ fund• 2023 2023 Total 2024 2023 Grants 8.833 147,677 156,510 28.500 384,511 413.011 12
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incomg from charltable oCtlvltl•8 Unrg8trlct•d Rotytrleted funds fund• 2024 2024 Total Unrogtrlcted Rutrlcted lund8 fundg 2023 2023 Total 2024 2023 Charltable actlvlty Contribution to running costs Project incmie G8n8ral Income Tid(8t sales 109,078 28,453 25.654 51.023 109,076 40,453 34,144 51,023 51,120 11,870 15,078 51,120 24,665 45.077 12,000 8,490 12.795 29.999 214,208 20.490 234,896 78,068 42,794 120,862 13-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Exp9ndlture on charftablo actlvlllel Unre8trl¢ted Re¥trlctsd fund lund 2024 2024 Total Unr••trlcted R•8lrfctsd fund fund 2023 2023 Totsl 2024 2023 Dlroct co¥t• Stsff costs Deprgciation and impaiment Purchaseg Estsblishment costs and insurdnc6 Repalrs and malntsnanco Motor and travel costs Legal and professional Telèphone and office costs Freelance costs Marketing and advertising Bad and doubtful d8bts Partner feeg Tralning and 8ubscription8 Voluntser expenw8 Other direct costs 33,754 e9,473 103,227 1,727 188.430 170,157 802 1,022 802 1,186 1,071 14 1,071 78 164 81,417 1,137 3,194 38,713 12 2,954 3,512 20.850 61.429 4,091 8,706 57.569 68,977 1.350 4,085 89,112 5,641 4,122 7,041 12,104 e4,618 5,472 11,128 81,218 8.601 442 26,688 1,259 9,043 26,688 1,406 3,050 9,810 3.088 19.054 1,291 12,898 19.054 4,105 (3001 134,435 147 3,050 2,814 (300) 134,435 120 740 1,755 487 598 2,330 3,978 1.755 55.000 2,330 26,478 55,000 22,5 204,957 127,855 332,812 171,847 362,174 633,821 Sharo of •upport and govornance co•t• (see notg 6) Support 3,399 4,800 8,199 4,841 4.863 208.356 132,655 341,011 176,488 362,198 538,684 Analys1• by fund Unrestricted funds Restricted funds 208,358 208.356 132,655 178,488 178,488 362,196 132.655 362,198 208,356 132,655 341,011 178,488 362,196 538,684 14-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support ¢o•ts allocated to actlvlllo• 2024 2023 Governance costs 8,199 4,863 Analyged between: Unregtricted fund Restrlctsd fund 3,399 4,800 4,841 8,199 2024 2023 Govoman¢• ¢o•ts ¢omprf8•: Accouniancy Independent examlnatlon fe08 Bank Charges Accountancy fees re.. European project 2.303 2,290 270 2,496 197 4,800 8,199 4,883 Net movemgnt In fund• 2024 2023 The net movement In fvnds18 Statsd after chargin(edItIng). Oepreciatlon of owned tangible fixed 888ets 802 1,071 Tru8tse8 None of the trustees (or any persons connected wlth them) recelved any remunèration or benefits from the charity during the year. Employee• The av8rage monthly number of employee5 during the year was.. 2024 Number 2023 Number Admin Project delivery Totsl 15-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employe?• Icontlnued) Employment co•ts 2024 2023 Wages and Salaries Social security costs Other pgnslon costs 96,488 4,442 2,317 158.079 10,504 3,574 103,227 170,157 There were no employegs who88 annual r9muneratlon w88 more than £60,LYJO. 10 Other 8xp•ndlturo Unr•8trl¢l•d Rw4trl¢tod fund¥ fund• 2024 2024 Total Unr•¥trlctgd Re•trlctsd lunds fund• 2023 2023 Total 2024 2023 Finanang ¢08ts 10,870 5.403 16,273 3,923 5,5B8 9,511 11 Taxatlon The charity ig exgmpt frorn tsxatlon on its activities because all its incomels applied fr)r tharitabl8 purpose8. 12 T•nglble flx•d qg8ot• Frnghold land •nd bulldlng• Plant ind FlxtuY•• •nd •qulpm•nt tsttlng• Cost At 1 April 2023 319,653 11,125 7,122 337,900 At 31 March 2024 319.653 11,125 7,122 337,900 Depreclatlon and Impalrnient At 1 ApTiI 2023 Depreciation char98d In the year 9,175 487 5,859 315 15,034 802 At 31 March 2024 9.862 6,174 15,836 Carrylng amounl At 31 March 2024 319,653 1,483 322.064 At 31 March 2023 319,653 1,950 1,263 322,866 16-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Flxed a88et Inve8tm•nts Other Invg•tments Cost or valuatlon At 1 April 2023 & 31 March 2024 100 Cgrrylng amount At 31 March 2024 100 At 31 March 2023 100 2024 2023 Other inve$tsnents compri38: Not•• Investments in 8ubsldlaries 20 100 100 The investment comprises sha$ in sub5idlary undertakings, statsd at Cost of £100 (2023.. £100). 14 D•btor• 2024 2023 Amounts falllng duo wlthln on• y•ar: Trade debtors ounls owed by subsidlary undertakings Other debtors Prepayments and a¢crued income 11,704 16.977 28,652 108 77.979 61.808 90,489 108,739 15 Loan• and overdraft• 2024 2023 Bank loans 210,000 139.560 Payable within one year Payable after one ygar 139,560 210,000 The bank loan is secured against the property known as Safe Hub. The loan is on Èn interest only basis andls repayable in full within *tsvo years from August 2023. 17-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Crgdltor8: amount¥ falllng du9 wlthln on? year 2024 2023 Not09 B8nk loans other tsxatlon and social security Deferred income Trade creditors Amounts owed to subsidiary undertakings Aecruals and deferred income 15 139,580 2,338 1,960 393 18 31,757 51,6CW) 3.017 3,957 10,224 14,913 229,891 17 Crndltorn: amounts falllng due •ft•r mor• than one y•ar 2024 2023 Not•9 Bank loans Deferred income 16 210.000 67,241 72.844 277,241 72,644 18 D•lfrrred Incom• 2024 2023 Arfslng from government grants Other deferred income 87.241 1.960 72,644 31,757 89.201 104.401 Delerred income is included in tho finan¢lal statements as follows.. 2024 2023 Defprred income is included wlthln". Current Ilabilltles Non-current liabilities 1,960 67,241 31,757 72.644 69,201 104,401 Movements in the year. Deferred income at1 Aprfl 2023 Reased from previous peri¢)ds Resources d8ferred in tho year 104,401 {35,200) 78,232 (5,5881 31.757 Deferred income at 31 Mor¢h 2024 69,201 104.401 18-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 1B Deferred Incom• Iconllnuod) The d?ferrj income relatss to a grant which wa8 obtsined to part fvnd the purchage of St Mary's Comptex. This deferred income Is being regnIsed over th8 term ofthe mortgage att8¢hed to thig propety. 19 Rellrement bon•flt •chem•• 2024 2023 Deflned ¢ontrlbutlon •chemg• Charge to profit or loss in respect of deflned contribution schemes 2,317 3,574 Th8 charity operate5 8 dgfined contribution penslon scheme for all quallfylng employees. The 85sets of the scheme are held separately fr(yn those of the charity in an ind8P8ndenlly administered fund. 20 Roslrlctgd fund• Tho re8tricied fund8 of the charlty comprise the ungxpended balances of donatlons arKI grants held on trugt 9ubject to gpeclflc condltlons by donors 88 to how they may bg used. At 1 Aprll 2023 In¢omlng regourc•8 Rg•ource• gxpfrnded Trnnsf•r• At 31 March 2024 ERDFIEH Phase 2 Erasmus+ Fund-Art4us Erasmus & Euro Trip Er8smus+ Fund- PINLO SIB Grant The Morgan Found8tlon The Good Samarltan Creative Europe BG-LCRHA Nallonal Lottery PBSA Natural England Breaking Ground P2C Kindred South Sefton N8ighbourhood 9.429 1,733 5,841 14.153 5,403 (6,868) (8,209> 2,581 2,354 4,122 5,841 25,811 13,098 (1,440) {5.403) {2.9541 3,288 1,967 411 10,672 124 4,899 334 1,967 6,550 49,808 (43,6891 (11,428} (42.107) (6.198) {1.819) {6,7081 11.2571 756 1,983 40.000 5,000 3,501 1,819 25,000 12,000 18.294 10.743 36,613 168,167 (138,058} 8.680 75,402 19-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Re8lrfctsd fund• qcontlnuod) Prnvlouj year: At 1 Aprfl 2022 Incomlng r8•ource• Rw4our¢g• expgnded Tron•fern At 31 March 2023 ERDFIEH Phase 2 Er&smus+ Fund-Art4us Er8smus & Euro Trip Erasmus+ Fund - PINLO SIB The Morgan Foundatlon The Good Samaritan Creatlve Europe BG-LCRHA Natlonal Lottery PBSA Natural England UCL Breaking Ground P2C 540 9,394 1,264 (665) 71,816 (59,3691 {7,040) (1,334) (87,829) (5,588) (4,327) (12,987} 2,354 6,743 101,392 5,588 (6,673) 13,098 7,615 1,967 (9,843) 3,288 1,967 411 10,672 124 4.699 65,640 25,000 53,333 4.999 12,794 80,000 {55.3861 (14,328} (52.209) (31JJl (7,705) (72,569) (1,000) (5.089) (7,431 > 10,272 427,305 (367,784) {33,180) 36.613 -20-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Restrlct?d fund• (Contlnued The purpose of each of the funds stlll remaining at 31 March 2024 way= EHP The ERDFIEH Phage 2 fvnd will be utilised to continue to support social busln9sses growth 8cros8 the Liverpool Clty region. Art4us mission is to use the powér of the arts to transform Ilves of young people (mlx8d ability youth) and promote mental wellbelng and inclusion. Art4u8 will take a multS-artfomi creative connecting the proj8Ct to seven countries across th8 EU. pi Empow8rlng artist is a project that aims to develop skills within the cr8ative sector, worklng wlth unemployed artlsts- the projeci will creats a manual to demonstrate methcNJ$ that artists can replicate to create Social value In Iheir work. un Th? Morgan Foundation provideg capital projgct fundlng for the on4olng renovatlon of the Lock & Quay community pub. The Good Samaritan provldes fund raising for a music prolecL A series of new ambitious site-specific perfomances, each integrating 8eri81. movement. music- to form alternatSv8 OP8ras. The performances wlll tell the story of the 'Llbertalla' universe; a mythlcal free land founded by Europ98n plr8t88 in the 17th century. Each 'Libertali8' Story tums our notlon of plrates Upglde down. tslling the tale of pirate8 who are 'guardian8 of liberty.. That help release us from the Inner and outer worbj pnsong we often exist within, by helping ug find our hidden treasure. Breaking Ground is the ¢ommunlty led housing hub for the Llverpool City Region. launched in February 2021.SAFE Regeneration has Incubaled Ihe project. securlng funds from Power to Change deliver the prc¥3ramme In partnership with Reglstered providers from acrosg the NorthwegL Breaking Ground ha$ five key objective$', Raise awarenesg of the LCR Housing Hub (Hub) Rai 8W8rpness and promote Community led Houslng (CLH) across thg Llverpool Clty Region ILCRI Provide practi¢81 advice and support lo potential, emerging and existing CLH schemes In the LCR To develop LCR CLH Hub into a sustainable organi5atlon To promote high 8nvironmental suslainabilily within community led housing schemes Safe has led a group of Achor org8nigations from gcross the city region to brfng ft)rward a sustalnabiltty str818gy for the project. Worklng alongside 123 aCmMOdatIOn CIC to enable communlties across the northwe8t to develop housing and asset fo¢us8d project that are of Cornmunlty-ted. The project8 has numerous projects In the pipelin8 that will support the continued delivery of the key objectives of the Hub. 21
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Re•trlctod fund¥ (Contlnued) PB SAFE Regenera.on h8S Co-crealed this Phgs8 3 PBSA plan for the local 8rea of 8oot19. Phase 2 way delivered during a world-wide pandemic which highlighted the value of "communlty" With community4)ased charities and the third sector as a whole responding locally, providing care and support lo those most in need in neighbourhoods across the UK. It Was and is the adaptability of our partner org8nisations that has been intsgral to the response to needs Ioc811y- demonstrating a resilience that we must recognise and celebrate, by developing a strategy that maxlmlses the opportunities for people within our shared community going forward. The dellv8ry of this plan will tske place over three years from March 2022, with phase 3 funding of £120,000 aw8rd8d in April 2022. There are three $trand9 to this prohect.,. Looking 8ft&r each other- carlng for our partners, ensuring we support each oth8r to keep on dolng great things In our communty P80pI8 contributing to the physlcal and 8motlonal regenergtlon of the Town Creating 9 re8ilient, self-sustsinable community- # destlnationbootle. IOrkIng alongside other ¢ommunity businesses in the SAFE hub includlng.. L20 Hub. Scropy8rd Studios, Start Creative and In Nature Hortlcullural Th8rapy, we have been engaglng a varied group of keen grower8 to thè green cornrnunity hub. Including young people and famllles, vulnerable adult8 living with demgntta, adulis wlth SEN, and people from thf LGBTQ community,. homgvsthooled ¢hlldren with autism", the general communlty- prlm8rily r85idents of Llnacre Ward. Boolle 8nd some very keen growing volunteers from the & Quay Community Pub- especially th9 'Cosy Club, warm space regularg. In ro A project to support community housing hubs across the Llverpool city reglon. Klndrnd A project to support Car and support tt) vulnerable people in Boolle. A project to support peopl8 to start up thelr own buslness. 21 Unro•trl¢ted fund• The unrestricted funds ofthe charty comprise the ungxpended balances of donations and grants whl¢h are not subject to SP9cific conditions by donors and gr8nlors as to how Ihey may b8 used. These include designated funds which have been set aside out of unrestrlctsd funds by the trustees for specific purposes. Incomlng RoUr¢•8 Tran8fer• At 31 Mah r•gourco• oxpgnded 2024 At 1 Aprll 2023 General fund5 104.478 223,039 (219,226) (8,680> 99,611 Prevlous yoAr: At 1 Aprll 2022 Incoming r•8ource8 Rgsourceg expended Transfers At 31 Morch 2023 General funds 145,141 106,568 1180.411) 33,180 104,478
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Analy91• of not assets bgtwe•n fund$ UnrvJlrlctgd fund¥ 2024 Rogtrlcted funds 2024 Total 2024 At 31 March 2024: Tangible assets Investments Current assetsllliabilities) Long term liabilities 322,084 100 54,688 1277,241) 322.064 1(Kl 130,090 (277.241 } 75,402 99,611 75,402 175,013 Unr08trlct•d fund8 2023 Ro•trlct0d fund• 2023 Total 2023 At 31 March 2023: Tangible assets Investments Current agyetg1lli8bllltles) Long temi Ilabllltl88 322,866 100 (145,844) 172.644) 322.886 100 (109,231) (72,8441 3e,813 104,478 36.813 141,091 23 Shore Capftal The company 1$ Ilmlted by 9uarantse and ha$ no Share ¢opit81. The Uabllity of memb9r81s limited to th9 sum of£1 per member. 24 R•lat•d party tr•n•actlon• The following amount$ were outstsnding at tho reportlng end dats.. Amount• Owod to rekntod partle8 2024 2023 123 Accommodation CIC 116,977) 3,017 123 Accommodalon C.l.C. 18 a wholly owned subsidiary of Safe Regeneratlon Ltd. Outslanding balances due by the charity are unse¢wred and are considered to be repayable on demand. -23-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 25 Sub8ldlarle$ These flnanclal statements are separate charity financial statements for Safe Regeneratlon Ltd. Detslls of the charlS subsidlarles at 31 Merch 2024 are as follows: Name of undertaklng Reg18tered offlce Noture of buslne•8 Cla88 01 % Hfrld 8harn8 hold Dlrnct Indlroct 123 Accommodation CIC United KirvJdom seè below Ordlnary 100.00 123 Accommodation CIC owns and manages the Lock & Quay Community Pub and is acting as the vehicle to deliver Ihe Capital devolopment programme {# desllnationbo¢)Ile) for Ihe benefft ol the charity. -24-