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2025-12-31-accounts

Company registration number 246811 (England and Wales) Charity registration number 234521 (England and Wales)

THE LIVERPOOL CITY MISSION (INCORPORATED) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

THE LIVERPOOL CITY MISSION (INCORPORATED)

LEGAL AND ADMINISTRATIVE INFORMATION

Committee Members Mr R A Watson Mr P G Smith Charity number 234521 Company number 246811 Registered office 18 Slater Street Liverpool L1 4BS Principal address Charitable Institution House 18 Slater Street Liverpool L1 4BS Independent examiner Jean Ellis BA FCA CTA DSG Castle Chambers 43 Castle Street Liverpool L2 9TL Bankers Barclays Bank Plc Lord Street Liverpool L2 1TD Solicitors Fiona Bruce & Co LLP Solicitors 3 Grappenhall Road Stockton Heath Warrington WA4 2AH Investment advisors Evelyn Royal Liver Building Liverpool L3 1NY

THE LIVERPOOL CITY MISSION (INCORPORATED)

CONTENTS

Page
Committee Members' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the accounts 8 - 17

THE LIVERPOOL CITY MISSION (INCORPORATED)

COMMITTEE MEMBERS' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025

The Committee Members present their annual report and financial statements for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Mission's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The objectives of the charity are to promote the diffusion of religious knowledge and thought throughout the City of Liverpool and the neighbouring districts in Lancashire and Cheshire known as Merseyside and generally to assist and encourage the moral welfare of the citizens.

We aim to present the Christian message of the gospel of Jesus Christ as written in the Holy Scriptures to men, women and children with particular emphasis on reaching out to those in need, whatever those needs may be. Every day we seek to proclaim Christ by our words and actions.

The policies adopted in furtherance of these objects are to invest in the relief and rescue work of the Mission discarding extraneous, core-activities.

The charity’s key objectives for the year were:-

(i) Gospel Presentation – at our Centre in the heart of Liverpool and other affiliated Mission Halls

(ii) Scripture Distribution – freely and liberally distributing God’s Word, wholly or partially

(iii) Christian Education – providing teaching materials, training and resources for Christian growth

(iv) Human Compassion – expressing the Christian faith through practical works of love and acts of kindness

Public benefit

The Committee Members confirm that they have referred to the general guidance contained in the Charity Commission's "general guidance on public benefit" when reviewing the Mission's aims and objectives, and in the planning of activities.

Volunteers

The Charity makes considerable use of volunteers in the course of its activities at the various locations throughout Liverpool. We look to grow and recruit our pool of volunteers to strengthen our teams. We have been especially delighted to welcome as volunteers, students studying at local universities and they have brought much enthusiasm and vibrance to our outreach work. Most volunteers come from local churches, although not exclusively.

Achievements and performance

THE LIVERPOOL CITY MISSION (INCORPORATED)

COMMITTEE MEMBERS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Financial review

The results for the year and the charity’s financial position at the end of the year are shown in the attached financial statements.

The charity received incoming resources of £81,259 (2024: £110,697) and expended £77,795 (2024: £71,807) which, after net gains on investments of £75,687 (2024: £19,992) resulted in a net increase in funds of £79,151 (2024: £58,882). The balance sheet of the charity remains strong with a total asset value of £1,150,226 (2024: £1,071,075).

Principal funding sources are donations from Liverpool City Mission Churches, investments, trusts, occasional legacies, personal donations, Gift Aid and support from local organisations.

It was a credit to the good management of the finances over recent years, and the courage to take difficult decisions, that we were able to record a cash flow surplus. As a result, the Mission’s ministries and services now have a stronger platform to operate from in coming years, and will help to sustain the work for many years to come. Expenditure remained within the limits set and the year resulted in a surplus of £3,464 before investment gains, compared with a surplus of £38,890 in 2024 before investment gains.

Reserves policy

It is the policy of the charity that unrestricted funds that have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Committee Members consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

During the year, certain properties previously used in the charity’s operations were reclassified as investment properties following a change in their use. These assets are held to generate income and for long-term benefit to the charity rather than for immediate expenditure.

The Trustees consider that funds represented by tangible fixed assets and investment properties are not readily available for general use. Accordingly, amounts equivalent to the carrying value of these assets have been included within a designated fund to reflect that they are not freely available reserves.

At 31 December 2025, total funds amounted to £1,150,226 (2024: £1,071,075). Of this, £nil (2024: £451,200) relates to tangible fixed assets and £495,000 (2024: £nil) relates to investment properties. Excluding these amounts, the charity’s free reserves are approximately £105,226 (2024: £168,955). The Trustees have reviewed the level of free reserves in light of the charity’s ongoing commitments and planned activities and consider that the current level of reserves is adequate.

Investment policy

The charity’s investments are held and invested by Evelyn Partners within a portfolio with a medium / high risk tolerance. This is suitable to an investor with a four year time horizon or more, with a medium volatility of returns and having around 65% of the portfolio in equities.The projected annualised rate of return over the long term is CPI +2.5%.

Major risks

The Committee Members have assessed the major risks to which the Mission is exposed, and are satisfied that systems or procedures have been established and are in place to manage those risks.

THE LIVERPOOL CITY MISSION (INCORPORATED)

COMMITTEE MEMBERS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Plans for future periods

Structure, governance and management

The Charity's governing document is it's Memorandum and Articles of Association incorporated 25th March 1930 as amended by Special Resolution dated 27th March 1950, Liverpool City Mission Incorporated is a Limited Company, limited by guarantee (the word "Limited" being omitted by Licence of the Board of Trade).

The Members of the Committee, who are also directors for the purposes of company law, who served during the year were:

Mr R A Watson Mr J Boyle (Resigned 19 March 2026) Mr P G Smith

Recruitment and appointment of trustees

New Committee Members are appointed following nominations and voting by the existing Committee Members . Committee Members with a good balance of skills are sought.

New Committee Members undergo a full induction process and receive copies of key / relevant documents from both the Charity Commission and Companies House outlining the role and responsibilities of a charity Committee Member.

None of the Committee Members has any beneficial interest in the company. All of the Committee Members are members of the company and guarantee to contribute £1 in the event of a winding up.

There were three Committee Members at the end of this financial year. They have overall responsibility for the finances of the charity, the appointment and pastoral welfare of the Mission staff, and general oversight of running the work of the Mission. These decisions are made at periodic general meetings.

The Mission Director manages the finances of the Mission, controlling the budget and monitoring the investment portfolio performance.

The Committee Members have responsibility for setting the pay and remuneration of the charity’s key personnel and this is done on an annual basis.

Relationship with wider network

Liverpool City Mission is also affiliated to the City Mission Movement (formerly the British Association of City Missions) which networks with approximately 20 City/Town Missions in the British Isles to establish and strengthen fellowship and operational links.

THE LIVERPOOL CITY MISSION (INCORPORATED)

COMMITTEE MEMBERS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board of Committee Members.

Mr R A Watson Trustee

18 June 2026

THE LIVERPOOL CITY MISSION (INCORPORATED)

INDEPENDENT EXAMINER'S REPORT

TO THE COMMITTEE MEMBERS OF THE LIVERPOOL CITY MISSION (INCORPORATED)

I report to the Committee Members on my examination of the financial statements of The Liverpool City Mission (Incorporated) (the Mission) for the year ended 31 December 2025.

This report is made solely to the charity’s Committee Members , as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s Committee Members those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Committee Members as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the Committee Members of the Mission (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the Mission are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Mission’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145 (5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Jean Ellis BA FCA CTA DSG Castle Chambers 43 Castle Street Liverpool L2 9TL

Dated: 18 June 2026

THE LIVERPOOL CITY MISSION (INCORPORATED)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Donations and legacies 3 30,488 77,390
Investments 4 50,771 33,307
Total income 81,259 110,697
Expenditure on:
Raising funds 5 2,718 3,081
Charitable activities 6 75,077 67,609
Other expenditure 11 - 1,117
Total expenditure 77,795 71,807
Net gains on investments 12 75,687 19,992
Net income and movement in funds 79,151 58,882
Reconciliation of funds:
Fund balances at 1 January 2025 1,071,075 1,012,193
Fund balances at 31 December 2025 1,150,226 1,071,075

THE LIVERPOOL CITY MISSION (INCORPORATED)

BALANCE SHEET

AS AT 31 DECEMBER 2025

Notes
Fixed assets
Tangible assets
14
Investment property
15
Investments
16
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
The funds of the Mission
Unrestricted funds
20		 2025
£
£
-
495,000
324,658
819,658
333,926
(3,358)
330,568
1,150,226
1,150,226
1,150,226		 2024
£
£
451,200
-
296,133
747,333
326,865
(3,123)
323,742
1,071,075
1,071,075
1,071,075		 2024
£
£
451,200
-
296,133
747,333
326,865
(3,123)
323,742
1,071,075
1,071,075
1,071,075
747,333
323,742
1,071,075
1,071,075
1,071,075

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 December 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Committee Members on 18 June 2026

Mr R A Watson

Trustee

THE LIVERPOOL CITY MISSION (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

The Liverpool City Mission (Incorporated) is a private company limited by guarantee incorporated in England and Wales. The registered office is Charitable Institution House, 18 Slater Street, Liverpool, L1 4BS.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the Mission's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Mission is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Mission. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention modified to include the revaluation of fixed asset investments. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Committee Members have a reasonable expectation that the Mission has adequate resources to continue in operational existence for the foreseeable future. Thus the Committee Members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Committee Members in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Committee Members for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the Mission is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Mission has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Mission has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Income from donated services and facilities is included at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised when there is no financial cost borne by a third party.

THE LIVERPOOL CITY MISSION (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure is accounted for on an accruals basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Improvements to buildings is depreciated at the same rate applicable to the building they relate to.Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings 2% straight line

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Investment property

Investment property is property held to earn rental income or for capital appreciation. Investment property is measured at fair value at each reporting date, with changes in fair value recognised in the Statement of Financial Activities. No depreciation is charged.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.9 Impairment of fixed assets

At each reporting end date, the Mission reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE LIVERPOOL CITY MISSION (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction 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 at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Mission transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market 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 creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Mission’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Mission is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

THE LIVERPOOL CITY MISSION (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

2 Critical accounting estimates and judgements

In the application of the Mission’s accounting policies, the Committee Members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 30,488 32,390
Legacies - 45,000
30,488 77,390

4 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Rental income 27,600 23,397
Income from listed investments 9,742 6,080
Interest receivable 13,429 3,830
50,771 33,307
**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Investment management 2,718 3,081
2,718 3,081

THE LIVERPOOL CITY MISSION (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

6 Expenditure on charitable activities

Charitable Charitable
activities activities
2025 2024
£ £
Direct costs
Staff costs 30,743 30,145
Depreciation and impairment - 9,600
Premises expenses 12,086 11,155
Office expenses 1,228 1,257
Outreach 17,535 4,936
Medicash 997 1,051
Legal and professional fees 3,694 383
Repairs and renewals 5,469 5,992
71,752 64,519
Share of support and governance costs (see note 7)
Governance 3,325 3,090
75,077 67,609
Analysis by fund
Unrestricted funds 75,077 67,609
7 Support costs allocated to activities
2025 2024
£ £
Governance costs 3,325 3,090
Analysed between:
Charitable activities 3,325 3,090
Governance costs includes fees paid to the independent examiner of £3,325 (2024: £3,090)
8 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 3,325 3,090
Depreciation of owned tangible fixed assets - 9,600
Loss on disposal of tangible fixed assets - 1,117

THE LIVERPOOL CITY MISSION (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

9 Committee Members

With the exception of Mr R A Watson, as disclosed in note 10, none of the Committee Members (or any persons connected with them) received any remuneration during the year, and no Committee Members were reimbursed for travelling expenses (2024: £nil).

10 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2025 2024
Number Number
Activities in furtherance of the charity's objectives 2 2
Employment costs 2025 2024
£ £
Wages and salaries 25,879 24,266
Other pension costs 4,864 5,879
30,743 30,145

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2025 2024
£ £
Aggregate compensation 27,093 27,955

The position of Mission Director (remunerated and formerly known as CEO) is occupied by Mr R Watson (an existing Trustee).The procedure for the appointment was guided, and approved by, the Charity Commission

11 Other

2025 2024
£ £
Net loss on disposal of tangible fixed assets - 1,117

THE LIVERPOOL CITY MISSION (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

12 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments 31,809 13,458
Sale of investments 78 6,534
Revaluation of investment properties 43,800 -
75,687 19,992

13 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

14 Tangible fixed assets

Tangible fixed assets
Land and
buildings
£
Cost
At 1 January 2025 480,000
Transfer to investment property where fair value becomes available (480,000)
Depreciation and impairment
At 1 January 2025 28,800
Transfer to investment property (28,800)
Carrying amount
At 31 December 2025 -
At 31 December 2024 451,200

During the year, the trustees reviewed the use of certain properties and determined that they should be classified as investment properties. As a result, the properties have been reclassified from tangible fixed assets to investment property this year.

The Mission owns or has been appointed Trustee for certain properties for which no original cost value is shown in the above figures. The properties are used in furtherance of the charity's objectives.

THE LIVERPOOL CITY MISSION (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

15
Investment property
Fair value
At 1 January 2025
Transfers from owner-occupied property
Net gains or losses through fair value adjustments
At 31 December 2025		 2025
£
-
451,200
43,800
495,000

The charity holds two residential properties which are let at market rent and are therefore classified as investment properties.

One property was valued at £225,000 by an external RICS Registered Valuer (valuation date 17 November 2025). The second property was valued at £270,000 by the trustees, based on purchase data and comparable market evidence.

16 Fixed asset investments

Cost or valuation
At 1 January 2025
Additions
Valuation changes
Disposals
At 31 December 2025
Carrying amount
At 31 December 2025
At 31 December 2024
17
Financial instruments
Carrying amount of financial assets
Instruments measured at fair value through the statement of financial activities
18
Creditors: amounts falling due within one year
Accruals and deferred income		 Listed
investments
£
296,133
27,035
31,809
(30,319)
324,658
324,658
296,133
2025
2024
£
£
324,658
296,133
2025
2024
£
£
3,358
3,123		 Listed
investments
£
296,133
27,035
31,809
(30,319)
324,658
324,658
296,133
2025
2024
£
£
324,658
296,133
2025
2024
£
£
3,358
3,123
324,658
324,658
296,133
2024
£
296,133
2024
£
3,123

THE LIVERPOOL CITY MISSION (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

19 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 4,864 5,879

The Mission operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Mission in an independently administered fund.

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At
Tangible fixed
asset and
investment
property fund
New premises
fund
General funds
Previous year:
At
Tangible fixed
asset fund
New premises
fund
General funds		 1 January
2025
Incoming
resources
Resources
expended
£
£
£
452,120
-
-
450,000
-
-
168,955
81,259
(77,795)
1,071,075
81,259
(77,795)
1 January
2024
Incoming
resources
Resources
expended
£
£
£
461,917
-
-
450,000
-
-
100,276
110,697
(71,807)
1,012,193
110,697
(71,807)		 Transfers
Gains and
losses
At 31
December
2025
£
£
£
42,880
-
495,000
100,000
-
550,000
(142,880)
75,687
105,226
-
75,687
1,150,226
Transfers
Gains and
losses
At 31
December
2024
£
£
£
(9,797)
-
452,120
-
-
450,000
9,797
19,992
168,955
-
19,992
1,071,075		 Transfers
Gains and
losses
At 31
December
2025
£
£
£
42,880
-
495,000
100,000
-
550,000
(142,880)
75,687
105,226
-
75,687
1,150,226
Transfers
Gains and
losses
At 31
December
2024
£
£
£
(9,797)
-
452,120
-
-
450,000
9,797
19,992
168,955
-
19,992
1,071,075
1,071,075

THE LIVERPOOL CITY MISSION (INCORPORATED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

20 Unrestricted funds

(Continued)

In order to accurately show the reserves tied up in fixed assets held by the charity, a designated tangible fixed asset and investment property fund has been created. The fund reflects the net book value of the tangible fixed assets used operationally by the charity and investment properties at valuation.

During the year, certain properties were reclassified from tangible fixed assets to investment property. The trustees consider these assets to be held for long-term income generation and not readily realisable. Accordingly, a designated fund has been maintained to reflect the value of tangible fixed assets and investment properties held by the charity.

The trustees have designated a new premises fund to reflect the charity’s intention to acquire suitable premises in the future. LCM currently occupies 18 Slater Street as a tenant and has set aside funds to provide an option to purchase the building should the opportunity arise.

21 Related party transactions

Other than key management salaries disclosed in note 10, there were no other related party transactions in the year.