Charlty reglstratlon number 1168372 Company registration number 04127838 (England and Wales) SAFE REGENERATION LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ) Hargreaves & Woods CHARTERED ACCOUNTANTS & BUSINESS ADVISERS
SAFE REGENERATION LTD CONTENTS Pago Legal and administrative information Trustees, report Independent examiner's report Stalement of financial activities Balance sheet Notes to the financial statements 9-24
SAFE REGENERATION LTD LEGALAND ADMINISTRATIVE INFORMATION Trustees Mrs J M Ellis Mrs K E Traynor Mr M Walker Senlor management MT B Dawe Chief executive officer Charlty number (England and Wales} 1168372 Company number 04127838 Reglstered offlce Sl Mary's Complex Waverley Slreel Bootle Merseyside L20 4AP Independent examiner James Hargre8ves FCA Cholmondeley House Dee Hills Park Chester Cheshire CH3 SAR
SAFE REGENERATION LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial stalemenls for the year ended 31 March 2025. The financial statements have been prepared In accordance with the accounting policies set out in nole 1 to the financSal statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland and the Charities SORP "AccounlSng and Reportlng by Charities: Slalement of Recommended Practice appllcable to charities preparing their accounts in accordance wilh the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" Objectives and activities The charity delivers a range of community led projects designed to deliver social. economic and environmental benefits lo the neighbourhood and residents of Bootle. sharing its experience and knowledge with other communlties across the country. During the year Ihe Charity= and the University of Liverpool worked in collaboration lo develop a Neighbourhood Transformation Plannin9 Tool {NTPT), With funding from Research England through the University of Liverpool's Public Policy Quality-Relaled Fund, Ihe NTPT is an Interactive online tool that supports people and communlti&s lo develop their knowledge, skills and confidence to drive and deliver ¢ommunily-led neighbourhood transformation. The partnership aims to secure funding lo support Its work with other communities across the UK. Continued to support local people who face disadvantages in accessing the labour market Continued to support other communities lo deliver asset-based projects across the Northwesl and North Wales, helping them to access funding in their own righls Continues to work closely with and gain significant suppori from the Power lo Change (Nalional Lollery), for which the trustees are grateful for Continues lo provide business start-up support with the support of Sefton Council Continued to progress the # deslinationBootle and explore supporting other communily led construction projects with advice through its subsidiary company, 123 Accommodation Llmlted Held a large number of evènts at The Lock & Quay community pub, held in its subsldiary company 123 Accommodation Limited, including the provision of a Warm Space project Public benefil The Iruslees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance Significant activities and achievements against objeclives The charlly conllnues to Invest in the development of opportunities focusing on supporting other communities to deliver assel-based projects. It has focused heavlly on building relationships with local stakeholders, Sncludlng Universilies, local aulhorilies and registered housing providers, to create a partnership to deliver communily-led neighbourhood transformation across the region. The # destinallonBootle project progresses and. de5plte the setbacks and disappointments previously reported. we are confident that we have a path in place lo (ieliver this Important project. The Lock & Quay community pub, run through our subsidiary 123 Accommodation Limited, continues lo go from strength lo slrength and delivered a wide and variety range of successful activities and evenls during the year. Flnanclal revlew The total income for Ihe year was £246,342 (2024.. £391,206). The surplus for the year was £123,484 (2024: £33,922). This includes revaluation of the buildings of £155,347 and wilhoul this there was a deficit for the year of £31,863. Total funds were £298,497 12024: £175.013) at the year-end of which £120,521 {2024: £75,402) were restricted funds and £155,347 (2024.. £nil} was revaluation gain.
SAFE REGENERATION LTD TRUSTEES. REPORT {RNCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Going concern This year the charity continues to explore and develop opportunities following the exil from the EU, the Trustees are pleased to report a surplus on activities without compromises lo its servlces. The Trustees continue lo explore other projects and activities in order to ensure the future of the charity. Resewes policy The trustees are revSewing their reserves policy in light of the changing nature of the activities in which the charity engages and until the outcome of the # destinationBoolle project Ss determined. The polioy will lake into accounl the risks facing Ihe group and will seek lo ensure that adequate unrestricted funds are retained in the group going foardS lo protect against unexpected evenls and Issues. Major risks The trustees review the rlsks Ihat they consider are pertinent to Ihe operations of the group on a regular basls. Once a risk is identified and dSscussed, actions are taken lo assign relevant staff members with responslblllly for any mitigating actions if approprlate. The risk register is monitored on a regular basis. The main risk that the trustees consider is relevant lo the operations of the group are risk over withdrawal of funding for piojecls. To mitigate Ihis the charity has sought to diversify ils activities as far as possible to ensure that any loss of support does not cause significant damage to the operations. Other risks include changes lo Government policies and regulatory issues which may adversely affect the charitable seclor. Structure, governance and management The charity is a company limiled by guarantee. 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 Regenerations Ltd {'the charity'} was registered as a charity on 21 July 2016. The trustees. who are also the directors for the purpose of company law, and who served during the year and up lo the date of signalure of the financlal statements were: Mr M J Brennan (Resigned 5 August 2025) Mrs J M Ellis Mr l E Pollill Mrs K E Traynor Mr M Walker (Resigned 18 July 2025) ReGruitmenl and appointment of Irusle8S The charity's policy in respect of the recruilment, appoinlmenl and induction of trustees aims lo strlke a balance between local representation whilst ensuring th8 necessary skills are present to allow the board lo carry out its duties and responsibilities. This is an ongoing review process. The Chief Executive Officer is responsible for the induction and Iraining process for new Iruslees.
SAFE REGENERATION LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Subsldary company 123 Accommodation CIC was established in 2014. The principal activity of the company during the year comprised the undertaking of a building project on and aiound Sl Mary's Complex and surrounding land in Boolle, Liverpool whlch is being funded by local aulhoTltylgovernment- # deslinationBoolle. During lasl year the company applied for planning permission which was refused. Posl the year end, an appeal against the decision was also refused. The company Ss seeking partnerships to bring Ihe project forward. The company also owns a community pub- Ihe Lock & Quay, which Is a community venue and holds events and activities lo engage the local community The trustees. report was approved by the Board of Trustees. Mrs J M Ellis Trustee Date:
SAFE REGENERATION LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SAFE REGENERATION LTD I report lo Ihe trustees on my examination of the financial slalements of Safe Reg6neralion Lld (Ihe charity) for Ihe year ended 31 March 2025. Responsibllitles and basls of report As the trustees of the charity {and also its directors for the purposes of company law}, you are responsible for the preparation of the financial slalemenls in accordance with the requirements of the Companies Act 2006. Having satisfied myself that Ihe financial statements of the charity are nol required to be audited under Part 16 of the Companies Act 2006 and 8re eligible for independent examinallon, I report in respect of my examination of the charity's financial stalements carried oul under section 145 of the Charilies Acl 2011. In carrying out my examSnation I have followed the Directions glven by the Charity Commission under section 145(5)(b) of the Charllles Act 2011 . Independent examlner's statement I have compleled my examination. I confirm that no matters have come lo my allenlion in connection with the examination giving me cause to believe that in any malerial respect: accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the Companies Acl 2006 other than any requirement that the financial slalemenls give a true and fair view, which is not a matter considered as parl of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Praclice for accounting and reporting by charities applicable lo charities preparing their financial statements in accordance wilh 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 examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements to be reached. James Hargreaves FCA Cholmondeley House Dee Hills Park Chester Cheshire CH3 SAR Date.. Luls
SAFE REGENERATION LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestri¢ted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrlcted fund5 funds 2024 2024 Total 2025 2024 Notes Income from: Donations and grants Charltable acllvitles 117,992 24,980 117,992 128,350 8,833 214,206 147,677 20,490 156,510 234.696 103,370 Total Income 103,370 142,972 246,342 223,039 168.167 391,206 Expendlture on: Charltable activilles other expenditure 176,404 79,110 22,691 255,514 22,691 208,356 10,870 132.655 5,403 341,011 16,273 10 Total expendlture 176,404 101.801 278,205 219,226 138,058 357,284 Net In¢omel{expendilure) (73,034) 41.171 (31,863} 3,813 30,109 33,922 Transfers between funds 13.948} 3,948 18,680) 8,680 Other recognised gains and losses: Revaluation of tangible fixed assets 155,347 155,347 Net movemenl In funds 78,365 45,119 123,484 (4,867) 38,789 33,922 Reconciliation of funds: Fund balances at 1 April 2024 99,611 75,402 175,013 104.478 36,613 141,091 Fund balancos at 31 March 2025 177.976 120,521 298,497 99,611 75,402 175,013 The slatement of financial activities Includes all gains and losses recognised in the year. All income and expenditure derive from continulng activitles. The notes on pages 9 to 24 form part of these financial statements.
SAFE REGENERATION LTD BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets Investments 12 13 477,257 100 322,064 100 477,357 322,164 Current assets Debtors Cash al bank and in hand 14 135,312 163,419 90,489 54,514 298,731 145,003 Credltors: amounts falling due withln one year 16 (223,041 } (14,9131 Net current assets 75,690 130,090 Total assets less current liabllltles 553,047 452.254 Credltors: amounts falllng due after more than one year 17 {254,5501 {277,2411 Nel assets 298,497 175,013 The funds of the charity Restricted income funds Unrestricted funds Unrestricted funds - revalualion 20 21 21 120,521 22,629 155,347 75,402 99,611 298,497 175,013 The notes on pages 9 to 24 form part of these financial statements.
SAFE REGENERATION LTD BALANCE SHEET (CONTINUED) AS AT31 MARCH 2025 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibllilies for complying with the requirements of the Companies Act 2006 with respect to accounling records and Ihe preparation of financial statements. The members have not required the company lo obtain an audit of ils financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance wilh the provisions applicable to companies subject lo Ihe small companies regime. The financial slalemenls were approved by the Iruslees on Mrs J M Ellis Truslee Company registration number 04127838 (England and Wales)
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Charlty Informatlon Safe Regeneration Ltd is a private company limited by guarantee incorporated in England and Wales. The charity is a public benefit enlily and a registered charity in England and Wales. The registered office is Sl Mary's Complex, Waverley Street, Boolle, Merseyside, L20 4AP. 1.1 Basls of preparatton The financial statements hav8 been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ire18nd" {"FRS 102") and the Charities SORP 'Accounting and Reporting by Charilies- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢8ble in Ihe UK and Republic of Ireland (FRS 1021" leffeclive 1 January 2019). The charity is a Public Benefit Enlily as defined by FRS 102. The charity has taken advantage of the provislons in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the funclional currency of the charity. Monetary amounts in these financial statements are rounded to the nearesl £. The financial statements have been prepared under the historical cost convention, modified lo include the revaluation of freehold properties. The principal accounting policies adopted are sel out below. 1.2 Going concern These financial stalemenls have been prepared on the going concern basis, which assumes that the charity will be able lo meet all liabilities as they fall due for payment for at leasl Ihe twelve-month period following the date of signing of these statements. This is based on financial forecasts prepared and approved by the trustees. Funding and grants have been secured to support the day-to4ay aclivilies of the charity which will ensure thal the cash position of the charlty will remain positive for the foreseeable period. The # deslinationboolle 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 lo any risk. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subjecl to specific condilions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out Sn Ihe notes to the financial statements. Endowmenl funds are subject to specific conditions by donors Ihat the capital musl be malntained by the charity. 1.4 Income All incoming resources are included in the statement of financial activities when entitlement has passed lo the charSty,' il is probable that the economic benefits assoclaled with the transaclion will flow to the charity and the amount can be reliably measured. 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.
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poll¢ies (Contlnuedl Income from donated goods is measured al the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounls are included for the contribution of general volunteers. Income from conlraGts for Ihe supply of services is recognised with the delivery of the conlracled Se1¢e. This is classified as unreslricled funds unless there is a contractual requiremenl for it to be spent on a partlcular purpose and returned if unspent, in which case it may be regarded as restricted. 1.5 Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT whlch cannot be fully recovered, and is classified under headings of the statemenl of financial activities lo which it relat8s. Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relating lo the governance if the chariiy apportioned to Charilable activities. other expenditure includes all expendilure that is neither related lo raising funds for the charity nor part of ils expenditure on Charitable activities. All Costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly to the activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consislent basis. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuallon, net of depreclation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residu81 values over thelr useful lives on the followlng bases: Freehold land and buildings Plant and equipment Fixtures and fitlings not depreciated 20 % stralght lin8 33 /0 Straight line Freehold land is not depreciated on Ihe grounds that il has been deslgnaled for redevelopment which will increase the value. The gain or loss arising on the disposal of an assel is determined as the difference between the sale proceeds and Ihe carrying value of Ihe asset, and is recognised in the statement of fsnanclal activities. Properties whose fair value ¢an be measured reliably are held under the revaluation model and are carried at a revalued amounl, being their fair value at the date of valuation loss any subsequent accumulated depreciation and subsequent accumulated impairment loss&s. The fair value of the land and buildings is usually considered to be their market value. Revaluation gains and losses are recognised in olher recognised gains and10sses and accumulated in equity. except to the extent that a revalualion gain reverses a revaluation loss previously recognised in net incomel {expendilurel or a revalLtation loss exceeds the accumulated revaluation gains recognised in equity,. such gains and loss are recognised in net incomellexpenditure} for the year. 10-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aecountlng pollcles {Contlnued) 1.7 Fixed asset investments Investments in subsidiary undertakings are measured at cost less impairment. A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as lo obtain benefits from ils activities. 1.8 Impalrment of flxed assels Al each reportin9 end dale, the charily reviews the carrying amounts of ils tangible assets to determine whether Iheie is any indication Ihat those assets have suffered an impairmenl loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the Impairmenl loss {if any}. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held al call wilh banks, other short-term liquid investments wilh origlnal malurilles of three months or less, and bank overdrafts. Bank overdrafls are shown within borrowSngs in currenl liabililies. 1.10 Flnanclal Instruments The charity has elected to apply Ihe provisions of Seclion 11 'Basic Financial Instruments, and Seclion 12 'Olher Financial Instruments Issues. of FRS 102 lo all of ils financial inslruments. Financial instruments are recognised in the charity's balance sheet when the charlly becomes party to the contractual provSsions of the instrument. Financial assets and liabililies are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention to settle on a net basis or to realise the assel and settle Ihe liability simultaneously. Baslc flnanclal assets Basic financSal assets, which include debtors and cash and bank balances, are initially measured at IransaclSon price including Iransaclion costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value of the fulure receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic linanclal Ilabllities Basic flnancial liabilities, including credltors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt inslrumenl is measured at the present value of the future payments discounted al a markel rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade credilor5 are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classlfled as current liabilities if paymenl is due within one year or l&ss. If not, they are presented as non-current liabilities. Trade creditors are recognlsed Initially al transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltion of financlal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 11
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng policles {Contlnued) 1.11 Taxation Safe Regeneration LSmSted has charitable exemption from corporalion lax, and as such, none is Included in the accounts. 1.12 Employee benofits Termination benefits are re¢ognised Immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.13 Retlrement benefits Payments to defined conlribulion retiremenl beneflt schemes are charged as an expense as they fall due. 1.14 Government grants Government grants are recognised al the fair value of the asset received or recelvable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions allaching to them and Ihe grants will be recelvéd. Where the grant does not impose speclfied futur6 performance related conditions on the recipient, it is recognised In income when the grant proceeds are received or receivable. Where the grant does impose specified future performan related conditions on the reciplent, it Is recognised in income only when the performance related conditions have been mel. Where granls received are prior lo satisfying the revenue recognition Criteria, they are recognised as a liability. 1.15 Dobtors Short term debtors are measured al transaction price, less any impairmenl. 1.16 Credltors Short term creditors are measured at the transaction price. Crltical accountlng ostlmales and Judgements In the application of the chaTily's accounting policies, the truslees are required to make judgements, 6slimales and assumptions about the carrying amount of assets and liabilities Ihal are nol readily apparent from olher sources. The estlmates and associated assumptions are based on historlcal experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Ravlslons to accounling estimates are recognised in the period in which the estimate is revised where the revision affects only Ihat period, or in the period of the revision and future periods where the revlslon affects both current and future periods. In¢ome from donatlons and grants Unrestricted Rèstrl¢ted funds funds 2025 2025 Total Unrestricled Restricted funds funds 2024 2024 Total 2025 2024 Grants 117,992 117,992 8,833 147,677 156,510 12-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charltable activllSes Unrestrlcted Restricted funds funds 2025 2025 Total Unrestri¢ted Restrl¢ted funds funds 2024 2024 Total 2025 2024 Charllable actlvlty Contribulion lo running costs Project income General income Ticket sales 58,880 30,675 13,815 58,880 51,665 17.805 109,076 28,453 25.654 51,023 109,076 40,453 34,144 51,023 20,990 3,990 12.000 8.490 103,370 24,980 128,350 214,206 20,490 234,696 13-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charitablo actlvltles Unrestrlcted Restrlcted fund fund 2025 2025 Total Unrestrlcted Rostrlcled fund fund 2024 2024 Total 2025 2024 Direct costs Staff cosls Depreciation and impairment Purchases Establishment costs and insurance Repairs and maintenance Motor and travel costs Legal and professional Telephone and office cosls Freelance costs Marketing and adversing Bad and doLsbtful debts Training and subscriptlons Volunteer expenses Other direct costs 84.856 40,484 125,340 33,754 69,473 103,227 754 997 754 997 802 1,022 802 1,186 164 40,311 2,613 3,324 9,776 40,311 2,613 3,324 10,076 61,417 1,137 3,194 36,713 12 2,954 3,512 20,856 61,429 4,091 6.706 57,569 300 7,064 11,074 7,064 31,720 8,601 442 26,688 1,259 9,043 26,688 1,406 3,050 20,646 147 3,050 120 740 1,755 860 1,755 55.000 3,678 14.002 3.683 14,002 55,000 160,774 79,110 239,884 204,957 127,855 332.812 Share of support and governance Costs (seo note 6) Support 15,630 15,630 3,399 4,800 8.199 176,404 79,110 255,514 208,356 132,655 341,011 Analysis by fund Unrestricted funds Restricted funds 176,404 176,404 79,110 208,356 208,356 132,655 79.110 132,655 176,404 79,110 255,514 208,356 132,655 341,011 Support costs allocated to activities 2025 2024 Governance costs 15,630 8,199 Analysed between: Unrestricted fund Reslricled fund 15,630 3,399 4,800 15.630 8,199 14-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support eosts allocated to actlvllles (Contlnued) 2025 2024 Govornance costs comprlse: Accountancy Independent examination fees Bank charges Accountancy fees re.. European project 3,970 11,056 604 706 2,496 197 4,800 15,630 8,199 Nèt movemènt In funds 2025 2024 The net movement in funds is stated after chargingl{credilingl: Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 11,056 754 7,295 802 Trustees None of the trustees lor any persons connected wilh them} received any remuneration or benefits from the charity durlng the year. Employ66S The average monthly number of employees during the year was.. 2025 Number 2024 Number Admin Project dellvery Total Employmenl cosls 2025 2024 Wages and salaries Social security costs Other pension costs 115,459 7,167 2,714 96,468 4,442 2,317 125,340 103.227 There were no employees whose annual remuneration was more than £60,000. 15-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Other expenditure Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Financing costs 22.691 22,691 10,870 5.403 16,273 11 Taxallon The charity is exempt from taxation on its activities because all ils income is applied for ch8Titable purposes. 12 Tangible fixed assets Freehold land and bulldlngs Plant and Flxtur•s and equlpmenl fitting$ Total Cost or valuation At 1 April 2024 Addilions Revaluatlon 319,653 11,125 7.122 600 337,900 600 155,347 155,347 Al 31 March 2025 475.000 11.125 7,722 493.847 Deprèclatlon and Impalrment At 1 April 2024 Depreciation charged in the year 9,662 366 6.174 388 15,836 754 Al 31 March 2025 10,028 6.562 16.590 Carrylng amount Al 31 March 2025 475,000 1,097 1,160 477,257 At 31 March 2024 319,653 1,463 948 322,064 Land and buildings with a carrying amount of £475,000 were revalued al 9th October 2025 by MO Valuation Limited, independent valuers not connected with the charity on Ihe basis of market value. The valuation was based on recent market transaclions on arm's length terms for similar properties. At 31 March 2025, had the revalued assets beèn carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £319,653 (2024 £319,653). 16-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Fixed asset investments Other investments Cost or valuation Al 1 April 2024 & 31 March 2025 100 Carrylng amount Al 31 March 2025 100 Al 31 March 2024 100 2025 2024 Other investments comprise: Notes Investments in subsidiaries 25 100 100 The investment comprises shares in subsidiary undertakings. staled at cost of £10012024.. £1001. 14 Debtors 2025 2024 Amounts falling due wlthln one year: Trade debtors Amounts owed by subsidiary undertakings Prepayments and accrued income 9,059 76,253 50,000 11,704 16,977 61.808 135,312 90.489 15 Loans and overdrafts 2025 2024 Bank loans 420,000 210,000 Payable wilhin one year Payable after one year 210.000 210.000 210,000 The bank loan is secured against the property known as Safe Hub. The loan is on an interest only basis and is repayable in full within years fTom August 2023. A second loan was recelved in February 2025 which will be used In the refinancinglrestruclure of existing finances. This second loan is repayable in full wilhln two years from March 2025. 17
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Credltors: amounts falling due withln one year 2025 2024 Notes Bank loans Olher taxation and social securily Deferred income Trade creditors Accruals 15 210,000 596 1,960 2,336 1,960 393 10,224 18 10,485 223,041 14,913 17 Credltors: amounts falling duè after more than one year 2025 2024 Notes Bank loans Deferred income 15 18 210,000 44,550 210,000 67,241 254,550 277,241 18 Deferred income 2025 2024 Arising from government grants Other deferred income 44,550 1.960 67,241 1,960 46,510 69,201 Déferred income is included in the linancial slatemenls as follows.. 2025 2024 Deferred income is included within: Current liabi111Ses Non-current liabilities 1,960 44,550 1,960 67,241 46,510 69,201 Movements in the year: Deferred income at 1 Aprll 2024 Released from previous periods 69,201 (22,6911 104,401 (35,2001 Deferred income al 31 March 2025 46,510 69.201 18
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Deferred Income (Continued) The deferred income relates lo a grant which was obtained lo part fund the purchase of St Mary's Complex. This deferred income is being recognised over the term of the mortgage allached to this property. 19 Retirement beneflt schemes 2025 2024 Defined contributlon schemes Charge to profil or loss in respect of defined contribution schemes 2,714 2,317 The charity operates a défined contribution pension schème for all qualifying employees. The assets of the scherne are held separately from those of the charity in an independently administered fund. 20 Restrlcted funds The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as lo how they may be used. At 1 April 2024 Incomlng Resources rosources expended Transfers At 31 March 2025 ERDFIEH Phase 2 Erasmus & Euro Trip Erasmus+ Fund - PINLO SIB Granl The Morgan Foundation The Good Samaritan Creative Europe National Lollery PBSA Natural England Kindred South Sefton Neighbourhood 2025 Festival sponsors Groundswell Mince pies, Music and memories Church of England 2.561 5,641 25,811 6,000 8,561 5,641 14,394 2,587 22,691 {14,004) {22,691) 334 1,967 6,550 334 1,967 5,931 {619) 48,333 {52,281) 3,948 3,501 18,294 10,743 3,501 18,294 3,133 1,500 10,165 390 1,500 14,990 18.000) 14,825) 2,100 45,000 2,100 45,000 75,402 142.972 1101,801) 3,948 120,521 19-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restrlcted funds {Contlnued) Previous year: At 1 April 2023 Incoming resources Resources •xpondod Transfers At 31 March 2024 ERDFIEH Phase 2 Erasmus+ Fund - Art4us Erasmus & Euro Trip Erasmus+ Fund - PINLO SIB Grant The Morgan Foundatlon The Good Samaritan Creative Europe BG-LCRHA National Lottery PBSA Natural England Breaking Ground P2C Kindred South Sefton Neighbourhood 9,429 1.733 5,641 14,153 5,403 (6,868) {8,209) 2,561 2,354 4,122 5,641 25,811 13,098 {1,440) (5,4031 12,9541 3,288 1,967 411 10.672 124 4,699 334 1,967 6,550 49,808 {43,6691 111,4281 142,107} (6,198} (1,819) (6,706) (1,257) 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 -20-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restrlcted funds {Contlnued) Th8 purpose of each of the funds still remaining at 31 March 2025 was.. ERDFIEH Phase 2 The ERDFIEH Phase 2 fund will be utilised to continue to support social businesses growth across the Liverpool City règion. Erasmus+ Fund-Art4us Art4us mission is to use the power of the arts to transform lives of young people {mixed abilily youlhl and promote mental wellbeing and inclusion. Art4us will lake 8 multi-artform creative connecting the project to seven countries across the EU. Erasmus+ Fund- PINOLO Empowering artist is a project that aims lo develop skills within the creative sector, working with unemployed artists- the project will create a manual to demonstrate methods that artists can replicale lo creale social value in their work. The Mor an Foundatlon The Morgan Foundation provides capital project funding for Ihe on-going renovation of Ihe Lock & Quay community pub. The Good Samarltan The Good Samaritan provides fund raising for a music project. Creatlve Euro A series of new ambitious site-specific performances, each inlegraling aerial, movement, music- to form alternative operas. The performances will tell the story of Ihe 'Libertalia' universe; a mythical free land founded by Europ6an pirates in the 17th century. Each 'Libertalia' story lums our notion of plrates 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 treasure. BG-LCR HA Breaking Ground is the community led housing hub for the Liverpool City Region. launched in February 2021.SAFE Regeneration has incLtbated Ihe project, securing funds from Power to Change deliver the programme in partnership wlth Registered providers from across the Northwest. Breaking Ground has fSve key objectives. Raise awareness of the LCR Housing Hub (Hub} Raise awareness and promote Community led Housing ICLHI across the Liverpool City Region (LCRI Provide practlcal advice and support to potential. emerglng and existing CLH schemes in the LCR To dèvelop LCR CLH Hub into a sust8in8ble organisation To promote high environmental suslalnabllity wlthin community led housing schemes Safe has led a group of Achor organlsalions from across Ihe city region lo bring forward a suslainabilily strategy for the project. Working alongside 123 accommodation CIC to enable communities across the northwest lo d8velop housin9 and asset focused project that are of Community-led. The projecls has numerous projecls in the pipeline that will support the continued delivery of the key objectives of Ihe Hub. 21
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restricted funds {Contlnued) National Lotte PBSA SAFE Regeneralion has co-created this Phase 3 PBSA plan for the local area of Boolle. Phase 2 was delivered during a world-wide pandemi¢ which highlighted the value of "commLtnity" wilh community-based charities and the third sector as a whole responding locally, providing care and support to those most in need in neighbouThoods across the UK. It was and is the adaptability of our partner organlsations that has been integral to the response to needs locally- demonstrating a resilience Ihal we musl recognlse and celebrate, by developing a strategy thal maximises the opportunities for people within our shared communlty going foNard. 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 are three strands to this projact.. Looking after each other- caring for our partners, ensuring we support each other to keep on doing great things in our communSty People contributing lo Ihe physical and emotional regeneration of the Town Creating a resilient, self-sustainable communily - # deslinationbootle. Natural En land Working alongside other community businesses in Ihe SAFE hub including.. L20 Hub, Scrapyard Studios, Starl Creative and In Nature Horticultural Therapy, we have been engaging a varied group of keen growers to the green community hub, including young people and families, vulnerable adulls 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, Boolle and some very keen growing volunteers from the Lock & Quay Community Pub - especially Ihe 'Cosy Club. warm space regulars. Breakin Ground P2C A project lo support community housing hubs across th6 Liverpool city region. Kindred A project to support care and support to vulnerable people in Bootle. Soulh Sefton Nel hbourhood A project lo support people to start UP their own business. 2025 Festival s onsors Donation vla Rlse Construction and Excel Housing to support adminislralive staff costs. Groundswell University of Liverpool funded project to support visually impaired community. Mince les and muslc MLtsic project al the Lock and Quay funded by Sefton CVS and Living Well Sefton. Church of En land Archbishops Fund to support Ihe development of asset-based projects in church buildings. -22-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Unrestricted funds The unrestricted funds of the charSty comprise thè unexpended balancès of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be tjsed. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming Resources resources expended Transfers At 31 March 2025 General funds Revaluation reserv& 99,611 103,370 1176,404) {3,948} 22,629 155,347 Prevlous year: At 1 Aprll 2023 In¢omlng resources Resources expended Transfers At 31 March 2024 General funds 104,478 223.039 1219,226) (8.680} 99,611 22 Analysis of net assets betweon funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Investments Current asselsl{li2bilitiesl Long term liabllilies 477,257 100 189,3811 {210,0001 477,257 100 75,690 1254,550) 165,071 (44,550) 177,976 120,521 298,497 Unrestrlcted funds 2024 Restrlctod funds 2024 Total 2024 At 31 March 2024: Tangible assets Inveslmenls Current asselsllliabilitiesl Long lerm liabilities 322,064 100 54,688 {277,2411 322.064 100 130,090 (277,241) 75.402 99,611 75.402 175,013 23 Share Capltal The company is limited by guarantee and has no share capital. The liability of members is limited lo the sum of£1 per member. -23-
SAFE REGENERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Related party transactlons The following amounts were oulslanding al the reporting end date: Amounts owed by related Amounts owed by related parties partles 2025 2024 Balance Balance Net Net 123 Accommodation CIC 76,253 76,253 16,977 16,977 76,253 76,253 16,977 16.977 123 Accommodation C.l.C. is a wholly owned subsidiary of Safe Regeneration Ltd. Outstanding balances due by the charity are unsecured and are considered to be repayable on demand. 25 Subsidiaries These financial statements are separate charity financial statements for Safe Regeneration Ltd. Details of the charity's subsidiaries at 31 March 2025 are as follows: Name of undertaking Registered office Nature of business Class of shares held /. Held Direct Indirect 123 Accommodation CIC United Kingdom see below Ordinary 100.00 123 Accommodation CIC owns and manages the Lock & Quay Community Pub and is acting as the vehicle to deliver the capital development programme {# deslinationbootle) for the benefit of the charity. 24-