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
fo￿ardS 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 Se￿1¢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-