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 eX￿utIve 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).
ob￿ctIveS and actlvltle•
The charity deliver8 a range of community led projects designed to deliver ¥ocial, economic and environmental
benefits to the nelghbourhood and r￿Idents 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
AC￿MMOdatIon 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 tr￿lee5 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 a￿Ount 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 identif￿d 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 pro￿85 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 dete￿Ine 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$*•tg
Basic financial a3￿ts, which Include debtors and ¢8gh and bank balances, are Inttialty moagured at
transaction prlce Induding transactlon costs and 8re subspquently carried at amortised ¢0gt u$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 re￿IVed.
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
Re￿ased 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?ferr￿j income relatss to a grant which wa8 obtsined to part fvnd the purchage of St Mary's Comptex.
This deferred income Is being re￿gnIsed 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 aC￿mMOdatIOn 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.
I￿OrkIng 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 R￿oUr¢•8
Tran8fer• At 31 Ma￿h
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 charl￿S 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-