Charity registration number 1125539 (England and Wales)
Company registration number 06526106
LIVERPOOL SEAFARERS CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
LIVERPOOL SEAFARERS CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr G Rafferty
Mr L Aye-Maung
Father M P Caddell
Bishop T J Neylon
Secretary
Mr J Wilson
Charity number (England and Wales)
1125539
Company number
06526106
Registered office
20 Crosby Road South
Waterloo
Liverpool
Merseyside
L22 1RQ
Independent examiner
Helen Furlong FCCA
Xeinadin North West Limited
46 Hamilton Square
Birkenhead
Wirral
Merseyside
CH41 5AR
Bankers
Lloyds Bank PLC
Victoria Branch
98 Victoria Street
London
SW1E 5DG
Investment advisors
City Asset Management PLC
15 Bishopsgate
London
Greater London
EC2N 3AR
LIVERPOOL SEAFARERS CENTRE
CONTENTS
Page
Chief Executive's Report
1 - 2
Trustees' report
3 - 7
Independent examiner's report
8
Statement of financial activities
9
Balance sheet
10
Statement of cash flows
11
Notes to the financial statements
12 - 22
LIVERPOOL SEAFARERS CENTRE
CHIEF EXECUTIVE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The object of Liverpool Seafarers Centre as stated within the Articles of Association and for which the Charity is established for the public benefit is “to promote the spiritual, moral and physical welfare of persons who are or have been seafarers and their families”.

 

Daily, the team, to include both staff members and Volunteers, visit vessels berthed within our area of jurisdiction, introducing the service provision to all, be it the hand of fellowship, a conversation, the opportunity for a run ashore or the supply of a basic commodity, be it for the vessel or personal use when shore leave is not possible due to operations, inspection, liaising with shore based representatives or some other reason. When in port it can be a very busy period for crew with duties to perform often which cannot be achieved when the vessel is at sea.

 

Crew welcome a visit, be it a different face, a conversation with someone from outside of the vessel and or its management, a listening ear being non-judgemental and on occasions in confidence. We all love to talk; crew are no different being able to exchange ideas and thoughts. Our Volunteers bringing a wealth of experience from a diverse skill set across many industries, given the time and encouragement are key to our success. Liverpool Seafarers Centre and the geographical area where vessels are berthed is renowned for its diversity and ability to meet the presented need, be it a spare part, top-up of provisions mainly fruit and vegetables, and or a simple shopping service. Crew do suffer with ailments, a trip to the local pharmacy, NHS Walk-In Centre, Hospital for something perhaps more acute or for dental treatment is all encompassed within our service provision. We continue with the oral hygiene initiative encouraging crew to take care of themselves which has demonstrated positive outcomes, some of which have been an add-on to personal wellbeing.

 

Local supermarkets are generous in their surplus food donations, ambient, chilled and frozen, all proving to be a welcome relief to crew on board, adding a little home comfort. So popular we are requested in advance if any donation can be delivered to a particular vessel. With pandemic restriction relaxed, some operating companies did for some months restrict shore leave, when uplifted, some introduced an embargo, shore leave ending at a particular time, even though the vessel was not sailing. Now with all that Covid introduced with restrictions imposed, some of which exists today, shore leave is encouraged to enhance lifestyle, general wellbeing and improve mental stability for each individual. No matter the vessel, presented as it is, remains a floating metal box heavily regulated through regular inspection together with the routine of maintaining accurate certification. For some shore leave is at a premium, due to the manifest of the day to day business of managing a vessel.

 

At the core of the business model is daily ship visiting. Seafarers do as the opportunity arise, visiting the centre, from which we offer an outreach to local supermarkets, a run to Liverpool city for some retail therapy and to experience the tourist attractions. On occasion a run to the football stadia is requested.

The importance of Ship Visiting is evidenced through the conversations with Seafarers whether it be on board vessel, whilst travelling in the minibus or within the centre, who cite loneliness, isolation, fatigue, monotony as common issues upon which they are challenged daily. A friendly listening ear can often relieve the burden of mental pressure. Allowing a Seafarer to smile following a remark or conversation, can momentarily relieve this burden. Much research has and continues to uphold the mental wellbeing of Seafarers resulting in online support and printed material being available. However this will not replace the human contact, much of which was lost in recent years following the pandemic; today our outreach continues to be well received.

 

None of our Mission in Ministry will be possible without the dedication from the staff members of Liverpool Seafarers Centre together with our Volunteers, who maintain and uphold the Christian Ethos. The Trustees acknowledge those who have and continue to support our activity and endeavours through the continuous supply of woolly hats, warm clothing, books and periodicals of interest, confectionary, cakes, children’s clothing, toys and jigsaws, all of which are given to Seafarers, with the message that they have been given to us to pass on with Love. Furthermore, new donors have come forward following the appeals through radio, press and social media and added to the gifts, all of which have been well received by crew.

 

The Trustees wish to place on record their grateful thanks to all individuals and groups, to include many parishes within the locality who most generously support our work with these donations.

 

For the retired Seafarer, who through age, personal reason or illness is no longer employed, a means through which communication is maintained with the numerous maritime associations of past shipping companies is offered by Liverpool Seafarers Centre. This may necessitate a home visit, which identifies a need, relieve loneliness or isolation or simply a befriending service. As a need is identified, practical assistance is offered and when necessary financial support through a discretionary grant, the replacement of household goods or a contribution towards funeral expenses can be made.

 

LIVERPOOL SEAFARERS CENTRE
CHIEF EXECUTIVE'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

The year has been a most testing time but one which we can look back on with some pride and with the enormous gratitude to the appointed staff team together with the Deputy Manager and the army of supporters who continuously supplied so many items which were distributed to the deserving Seafarers without whom this country, an island nation, would have potentially starved. However, they heroically maintained the supply chains in the most demanding situations, ensuring that vital supplies are retained. We are encouraged through skill, dedication and often personal sacrifice Liverpool Seafarers Centre has, without doubt, fully responded and been key in honouring and the transformation the lives of those for whom we are called to serve.

..............................
Mr J Wilson
Chief Executive Officer
Date: .........................
LIVERPOOL SEAFARERS CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

The trustees present their annual report and financial statements for the year ended 31 March 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 charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

The object of Liverpool Seafarers Centre as stated within the Articles of Association and for which the Charity is established for the public benefit is

 

“to promote the spiritual, moral and physical welfare of persons who are or have been seafarers and their families”.

 

The centre pursues this object through the provision of facilities at the Centre in Waterloo and the Drop-in” Eastham Hub, through the establishment of a Chaplaincy team, Volunteers and staff, lead by the Chief Executive.

 

Whilst the direction and policies of the Centre are determined by the Trustees, who act in an honorary capacity and meet to monitor the affairs of the Centre, the Chief Executive has responsibility for the day to day running of the Centre.

 

Public Benefit

In view of the above it is the opinion of the Trustees that the charity continues to clearly pass the public benefit test.

 

The Trustees confirm that they have referenced the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives. Liverpool Seafarers Centre’s Trustees confirm they have compiled with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity.

 

General Data Protection Regulation (GDPR)

Legislation introduced in May 2018 ensured compliance with our data, all of which is maintained to a minimum. Liverpool Seafarers Centre is registered with ICO.

 

Strategic Report

The description under the headings “Achievements and Performance” and “Financial Review” meets company law requirements for the trustees to present a strategic report.

 

LIVERPOOL SEAFARERS CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
Achievements and performance

The Trustees’ primary objective is to deliver a first class service to all Seafarers as part of their Christian outreach, whilst at the same time, ensuring a sustainable financial position both now and for years to come. It is through the ecumenical partnership between the Apostleship of the Sea (Liverpool) and The Mersey Mission to Seafarers that this service delivery is achieved. Liverpool Seafarers Centre, a registered charity and company limited by guarantee, created by this partnership, is the vehicle through which both partners execute their committed objective.

 

Liverpool Seafarers Centre is the lifeline to all Seafarers, to include fishers, for whom the service is aimed, and who benefit from its delivery. The Trustees’ focus their attention on a geographical area to include The Port of Liverpool, Garston Docks, Birkenhead Docks, Tranmere Oil Terminal, Bromborough Dock, and the various berths within the Manchester Ship Canal.

 

Our strength has been the outreach to all Seafarers, for whom shore leave has not always been possible, fast turnarounds and or operations on board, through a planned programme of ship visiting. A visit from our Ship Welfare Visitor, is momentarily a relief from the monotony of work, loneliness, isolation and fatigue, all compounding upon the individual’s mental wellbeing. Mixed nationality’s on board also leads to difficulties for the individual which can result in abuse and or bullying, often not talked about for fear of recrimination. The personal contact with a Ship Welfare Visitor on board, in the centre or whilst travelling in the minibus remains to be well received. Travelling in the bus is a wonderful opportunity for an in-depth conversation either with a group or on an individual basis.

 

Liverpool Seafarers Centre’s vision is to uphold Seafarers and their family’s always ensuring support and empowerment, through raising the profile by whatever means is available. The Mission is to meet the welfare and wellbeing need of all Seafarers, to include mental health, their family and community in which they live, at home and or at sea. A year that changed the world forever and for the foreseeable future, has given opportunity for Liverpool Seafarers Centre to evaluate and develop its core service by

 

As a member of the International Christian Maritime Association (ICMA), Liverpool Seafarers Centre has signed its code of conduct stating it will:-

 

 

As with all our service provision, with the foundation firmly rooted within Christian principles, we all uphold the ethos by which we offer our services unconditionally. At the core of everything we do is unconditional love surrounding the Mission and Ministry to all from across the world, regardless of belief, nationality or rank. This statement has been tested to the core following the invasion of Ukraine by Russia, with emotions running high, often with the outpouring of grief, impartially we have supported both nationalities, who are often part of the crew compliment on the same ship. As mentioned on a recent visit to a vessel, “we are small in number but one family together”, was the uninitiated comment received from a Russian Seafarer.

LIVERPOOL SEAFARERS CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
Financial review

The Trustees Report and Financial Statement is for the accounting period, 1 April 2024 – 31 March 2025. Incoming resources from charitable activities for the year amounted to £515,470 (2024 £451,398) and expenditure amounted to £522,871 (2024 £525,182) with gains on investments of £4,976 (2024 £2,638) resulting in a deficit of £2,425 (2024 deficit £71,146) to be deducted from the reserves brought forward of £618,319. At 31 March 2025 unrestricted reserves stood at £615,894, of which £234,778 is held under investment and cash reserves stood at £35,815 (2024 £29,399). The charity's free reserves amounted to £615,563 (2024 £617,609).

Reserves policy

Liverpool Seafarers Centre is supported, where necessary, by the Apostleship of the Sea (Liverpool) charity no 224664 and The Mersey Mission to Seafarers charity no 220793, to underwrite the operating cost. The Trustees of The Mersey Mission to Seafarers acknowledge that following application to the Trustees of the Apostleship of the Sea (Liverpool) the agreement was amended from a 50 / 50 split to a 60 / 40 split. This remains in place today however is under review to ensure the continuance of Liverpool Seafarers Centre into future years.

 

Going Concern

Liverpool Seafarers Centre is dependent on the financial support of both the Apostleship of the Sea (Liverpool), Charity No 224664 and The Mersey Mission to Seafarers, Charity No 220793. Both organisations have indicated their willingness to continue this support for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements. For this period, the Trustees have adopted an examination as opposed to an audit. The Trustees will review this decision for future years.

 

The Port Levy continues to operate, albeit with a much-reduced income. If all owners / charterers were to participate, this will give a continuous income stream reducing the liability to both the Apostleship of the Sea (Liverpool) and The Mersey Mission to Seafarers. Under the auspices of MLC 2006, ship owners and charterers have a responsibility to support and contribute towards Seafarers Welfare. As a welfare provider, Liverpool Seafarers Centre submits a request for payment on departure, based upon the gross tonnage of the vessel, to the appointed Agent, who in turn collects the Levy and reimburse Liverpool Seafarers Centre. Discussions are on-going with Peel Ports to manage the Port Levy on behalf of Liverpool Seafarers Centre, who has a system in place to raise invoices, the Port Levy will appear as an additional charge, which will be collected and reimbursed to Liverpool Seafarers Centre. Funds received will be project specific, affording the vessel operators a tangible outcome.

 

The Eastham drop-in centre continues to be a well-used resource. Offering a homely comfortable venue in which all can relax to enjoy the peace and lack of regulation away from the vessel. As Trustees, we must acknowledge the support received from St Mary’s Paris Church and Churches together in Bromborough.

 

The Trustees have assessed the major risks to which the charity is exposed and are satisfied that the systems adopted are suitable to mitigate exposure to major risk.

 

 

Investment policy

In 2019 the Trustees invested a sum of £250,000 being accrued income over recent years. This investment is managed by City Asset Management Limited, itself regulated by the Stock Exchange and Financial Conduct Authority. Updates are received on a quarterly basis. The Investment Manager will meet with the Trustees to discuss the portfolio performance together with a forecast of future trends. In the implementation of the investment policy, the Trustees follow the Charity Commission guidance for investment of charitable funds. Income by way of dividend is reinvested within the portfolio. The Trustees have agreed on a policy of medium risk, over the period of the investment being a minimum of 5 years, however the level of risk level is under constant review.

Major risks

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

LIVERPOOL SEAFARERS CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
Plans for future periods

The past four years has been a most difficult time for everyone with our daily lives and routines having changed due to the pandemic which imposed restrictions, of which some have become the new norm. As we adapt to these changes, life must continue to ensure that the world’s supply lines remain intact. Seafaring and ultimately the Seafarer is key in this and we, Liverpool Seafarers Centre will continue with its endeavours to ensure the delivery a first class service to all, irrespective of rank or belief. Seafarers too have had to accommodate new regulation, some of which have impacted heavily. Improvements in accessing medical care for both minor injury and repeat prescriptions remains a priority, local A&E departments now offer a new service for same day minor injuries, which has proven to be a bonus for Seafarers where time ashore is at a premium due to faster turnarounds.

 

The mental wellbeing of Seafarers is now being recognised, due primarily to the WHO, IMO and ILO who have identified the problem exists. Shipping companies are supportive of the initiatives being driven by welfare providers. Liverpool Seafarers Centre through its staff members and the assistance of a Clinical Psychologist, through training to identify a need, will support and signpost any individual or group of Seafarers to an appropriate resource. Should this not be possible due to lack of time or operations on board, information will be passed to colleagues in subsequent ports. Liverpool Seafarers Centre through its membership of ICMA is well placed in this regard.

 

In March 2020, Liverpool Seafarers Centre was selected to receive surplus food from a local supermarket – this proved so successful that through Foodshare, short dated food items to include, bread, dairy products, fruit and vegetables together with bakery items and biscuits are donated by 5 individual supermarkets. This continues to be well received by crew on board, often to the disappointment of some when the supply is minimal.

 

Liverpool Seafarers Centre has maintained its status, whilst not necessarily through any awards, the verbal and written comments continue to be well received, mentioning Liverpool Seafarers Centre a beacon of excellence. With the staff team supported by dedicated Volunteers Liverpool Seafarers Centre has met its objective. Not being complacent, there is always more to do, it is now appropriate to revisit plans placed on hold during and the immediate following Covid-19.

 

It remains the intention to create a Seafarers Welfare Drop-In Hub within the Port of Garston in addition to a facility within Birkenhead Docks and to extend the facility at QE11 Dock, Eastham. The facility at Eastham is housed within a building which was shared, the previous tenant has relocated. An opportunity now exists to take over the whole building affording an enhanced facility and outreach to all vessels berthing within the Manchester Ship Canal.

 

Liverpool Seafarers Centre has undergone some minor remodelling – now is the time for a major internal refurbishment. This together with replacement vehicles will be the driver for a major fundraising campaign in the region of £500K. To address the vision, it will necessitate the recruitment of additional staff members and at the same time attract additional Volunteers.

 

Furthermore, within this model the priorities of the Chief Executive will change to be more management focused with the day-to-day management falling to the Deputy Manager prioritising on the front-line operation. With this model in place this will ensure that all statutory and legislative requirements of the Charity are met in a timely manner which at the same time ensure that the commitment of the Charitable Objective is met in full.

 

Liverpool Seafarers Centre will rise to the challenge to meet the presented need and support all Seafarers visiting the various Mersey Ports. This, together with an outreach to veteran Seafarers and their family, will ensure that Liverpool Seafarers Centre retains its standing and recognition in its service provision.

 

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The charity applies the Charity Commission Governance Code.

LIVERPOOL SEAFARERS CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr G Rafferty
Mr L Aye-Maung
Father M P Caddell
Rt Rev B A Mason
(Resigned 7 April 2025)
Bishop T J Neylon
Recruitment and appointment of trustees

Trustees are drawn from the Merseyside Area and most are already familiar with the practical work of the centre when appointed. Any new trustee will be encouraged to attend short training sessions to familiarise themselves with the charity and the context in which it operates.

 

Management

Day to day operational management is under the control of the Chief Executive. The Chief Executive ensures that the Board is kept up to date with any changes in legislation, rules and regulations which may affect the Charity.

 

 

Key management remuneration

Under the terms of FRS 102 SORP, the Chief Executive, to whom the day to day management of the charity is delegated by the Trustees, will fall within this category. In addition to salary and pension contributions, which are reviewed annually by the Trustees in December, the Chief Executive has the use of a motor vehicle, primarily to conduct the business of the charity, together with a mobile telephone. A fully expensed accident policy is in place.

 

The trustees' report was approved by the Board of Trustees.

Mr J Wilson
Mr G Rafferty
Company Secretary
Trustee
14 July 2026
LIVERPOOL SEAFARERS CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LIVERPOOL SEAFARERS CENTRE
- 8 -

I report to the trustees on my examination of the financial statements of Liverpool Seafarers Centre (the charity) for the year ended 31 March 2025.

Responsibilities and basis 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 statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity 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 charity’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

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with 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 to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Helen Furlong FCCA
Xeinadin North West Limited
46 Hamilton Square
Birkenhead
Wirral
Merseyside
CH41 5AR
14 July 2026
LIVERPOOL SEAFARERS CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
324,258
269,267
Charitable activities
4
189,813
174,758
Investments
5
1,268
7,369
Other income
6
131
4
Total income
515,470
451,398
Expenditure on:
Raising funds
7
2,936
3,253
Charitable activities
8
519,935
521,929
Total expenditure
522,871
525,182
Net gains/(losses) on investments
13
4,976
2,638
Net expenditure and movement in funds
(2,425)
(71,146)
Reconciliation of funds:
Fund balances at 1 April 2024
618,319
689,465
Fund balances at 31 March 2025
615,894
618,319

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

LIVERPOOL SEAFARERS CENTRE
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
15
331
710
Investments
16
234,778
231,772
235,109
232,482
Current assets
Stocks
18
4,822
4,822
Debtors
19
348,853
358,660
Investments
20
6,032
6,317
Cash at bank and in hand
35,815
29,399
395,522
399,198
Creditors: amounts falling due within one year
21
(14,737)
(13,361)
Net current assets
380,785
385,837
Total assets less current liabilities
615,894
618,319
The funds of the charity
Unrestricted funds
615,894
618,319
615,894
618,319

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 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 trustees on 14 July 2026
Mr G Rafferty
Trustee
Company registration number 06526106 (England and Wales)
LIVERPOOL SEAFARERS CENTRE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
25
2,894
(52,167)
Investing activities
Purchase of investments
(42,640)
(46,648)
Proceeds from disposal of  investments
44,894
42,533
Investment income received
1,268
7,369
Net cash generated from investing activities
3,522
3,254
Net cash generated from financing activities
-
-
Net increase/(decrease) in cash and cash equivalents
6,416
(48,913)
Cash and cash equivalents at beginning of year
29,399
78,312
Cash and cash equivalents at end of year
35,815
29,399
LIVERPOOL SEAFARERS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
1
Accounting policies
Charity information

Liverpool Seafarers Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is 20 Crosby Road South, Waterloo, Liverpool, Merseyside, L22 1RQ.

1.1
Basis of preparation

The financial statements have 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 Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

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

The financial statements have been prepared under the historical cost convention, modified to include the investments held at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees 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 trustees in furtherance of their charitable objectives.

1.4
Income
Income is recognised when the charity 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 charity 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 charity 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 charitable activities includes income received under contract or where entitlement to the grant funding is subject to performance conditions. Income is recognised in the Statement of Financial Activities when the related services have been provided, income received in advance of those services being provided is deferred.

 

Income from trading activities, includes income from fundraising events and trading activities to raise funds for the charity. Income is recognised when earned and the charity is entitled to the receipt.

LIVERPOOL SEAFARERS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
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.

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Support costs are those that that assist the work of the charity but are not directly attributable to the charitable activities. Support costs include office costs, administrative payroll costs and governance costs which support the charity's activities. Where the support costs cannot be attributable to a direct activity they have been allocated to the costs of raising funds and charitable activities on a pro-rata basis.

 

Governance costs represent costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

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.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on cost
Motor vehicles
20% on cost

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.

Assets below £750 are not capitalised.

1.7
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.

1.8
Impairment of fixed assets

At each reporting end date, the charity 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).

LIVERPOOL SEAFARERS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
1.9
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

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.

1.11
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans 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 charity’s contractual obligations expire or are discharged or cancelled.

LIVERPOOL SEAFARERS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 15 -
1.12
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 charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

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

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees 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
324,258
269,267
4
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Provision of welfare facilities
Port levy
6,012
8,307
Room hire
6,451
6,400
Other trading activities
Shop & bar income
70,521
53,420
Internet & phone cards
54,564
68,739
Profit on foreign exchange
30,346
37,892
Other income
21,919
-
189,813
174,758
LIVERPOOL SEAFARERS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Income from listed investments
1,268
7,369
6
Other income
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Bank interest
131
4
7
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Investment management
2,936
3,253
LIVERPOOL SEAFARERS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
8
Expenditure on charitable activities
Provision of welfare facilities
Other trading activities
Total
Provision of welfare facilities
Other trading activities
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Direct costs
Staff costs
188,354
-
188,354
185,030
-
185,030
Depreciation and impairment
379
-
379
1,507
-
1,507
Shop & bar purchases
-
53,497
53,497
-
39,758
39,758
Phone cards
-
56,118
56,118
-
48,611
48,611
Rent & rates
37,504
-
37,504
37,049
-
37,049
Heat & light
21,720
-
21,720
19,955
-
19,955
Insurance
13,840
-
13,840
15,116
-
15,116
Repairs,renewals & equipment leasing
23,451
-
23,451
37,645
-
37,645
Cleaning
8,162
-
8,162
8,342
-
8,342
Mini-buses, travel & subsistence
25,260
-
25,260
33,882
-
33,882
Printing, postage & stationery
3,727
-
3,727
3,034
-
3,034
Computer & telephone
10,248
-
10,248
8,346
-
8,346
Other costs
31,904
2,118
34,022
30,188
2,051
32,239
Chaplaincy subscriptions
2,843
-
2,843
6,707
-
6,707
Advertising & promotion
7,766
-
7,766
13,982
-
13,982
375,158
111,733
486,891
400,783
90,420
491,203
Share of support and governance costs (see note 9)
Support
14,888
-
14,888
14,948
-
14,948
Governance
18,156
-
18,156
15,778
-
15,778
408,202
111,733
519,935
431,509
90,420
521,929
Analysis by fund
Unrestricted funds
408,202
111,733
519,935
431,509
90,420
521,929
9
Support costs allocated to activities
Provision of welfare facilities
Total
2025
2024
£
£
Staff costs
14,888
14,948
Governance
18,156
15,778
LIVERPOOL SEAFARERS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
9
Support costs allocated to activities
(Continued)
- 18 -
2025
2024
Governance costs comprise:
£
£
Accountancy
6,500
6,500
Legal and professional
6,506
5,423
Bank charges
1,116
70
Trustees indemnity Insurance
4,034
3,785
18,156
15,778
10
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
6,550
6,550
Depreciation of owned tangible fixed assets
379
1,507
11
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

 

No trustees were reimbursed expenses during the year

12
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Administration
11
11
Employment costs
2025
2024
£
£
Wages and salaries
171,638
173,575
Social security costs
8,362
7,593
Other pension costs
23,242
18,810
203,242
199,978
LIVERPOOL SEAFARERS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12
Employees
(Continued)
- 19 -
The number of employees whose annual remuneration was more than £60,000 is as follows:
2025
2024
Number
Number
£60,000-£70,000
-
1
Remuneration of key management personnel

Key management of the charity comprises of the Chief Executive. The remuneration of key management personnel was as follows:

2025
2024
£
£
Aggregate compensation
69,186
69,455
13
Gains and losses on investments
Unrestricted
Unrestricted
funds
funds
2025
2024
Gains/(losses) arising on:
£
£
Revaluation of investments
3,092
(2,304)
Sale of investments
1,884
4,942
4,976
2,638
14
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

LIVERPOOL SEAFARERS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 20 -
15
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024
56,599
53,065
109,664
At 31 March 2025
56,599
53,065
109,664
Depreciation and impairment
At 1 April 2024
55,892
53,062
108,954
Depreciation charged in the year
379
-
379
At 31 March 2025
56,271
53,062
109,333
Carrying amount
At 31 March 2025
328
3
331
At 31 March 2024
707
3
710
16
Fixed asset investments
Listed investments
Cash in portfolio
Total
£
£
£
Cost or valuation
At 1 April 2024
228,748
3,024
231,772
Additions
42,640
1,018
43,658
Valuation changes
3,092
-
3,092
Disposals
(43,744)
-
(43,744)
At 31 March 2025
230,736
4,042
234,778
Carrying amount
At 31 March 2025
230,736
4,042
234,778
At 31 March 2024
228,748
3,024
231,772
17
Financial instruments
2025
2024
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
6,032
6,317
LIVERPOOL SEAFARERS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
18
Stocks
2025
2024
£
£
Finished goods and goods for resale
4,822
4,822
19
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
188,736
208,244
Prepayments and accrued income
160,117
150,416
348,853
358,660
20
Current asset investments
2025
2024
£
£
Unlisted investments
6,032
6,317
21
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
14,737
13,361
22
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
23,242
18,810

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

LIVERPOOL SEAFARERS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
23
Operating lease commitments
Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
35,000
35,000
Between two and five years
140,000
140,000
In over five years
140,000
175,000
315,000
350,000
24
Related party transactions

The Mersey Mission together with the Apostleship of the Sea (Liverpool) a registered charity No: 224664

jointly own the premises of Colonsay House and charge rent to Liverpool Seafarers Centre for the use of the

premises.

 

They have entered into an agreement to underwrite the costs of the Liverpool Seafarers Centre (Registered

Charity: 1125539) from equally previously to 60% Apostleship of the Sea (Liverpool) & 40% Mersey Mission

as of 01 January 2020 to date.

 

During the period the Liverpool Seafarer Centre received financial support from the Mersey Mission

amounting to £100,000 (2024 £80,000) with the Apostleship of the Sea (Liverpool) giving £150,000 (2024

£120,000). Both bodies received income from Liverpool Seafarers Centre (LSC) of £17,500 each being the

rent charged for the use of Colonsay House by LSC.

 

At the 31 March 2025 £95,425 (2024 £26,177) was due from the Mersey Mission to LSC.

25
Cash generated from/(absorbed by) operations
2025
2024
£
£
Deficit for the year
(2,425)
(71,146)
Adjustments for:
Investment income recognised in statement of financial activities
(1,268)
(7,369)
Gain on disposal of investments
(1,884)
(4,942)
Fair value gains and losses on investments
(3,092)
2,304
Depreciation and impairment of tangible fixed assets
380
1,506
Movements in working capital:
Decrease in debtors
9,807
25,561
Increase in creditors
1,376
1,919
Cash generated from/(absorbed by) operations
2,894
(52,167)
26
Analysis of changes in net funds

The charity had no material debt during the year.

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