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2025-03-31-accounts

EIC ANNUAL REVIEW 24-25

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2024-25 ANNUAL REVIEW & FINANCIAL STATEMENTS

THE ELECTRICAL INDUSTRIES CHARITY LIMITED

A Company Limited by Guarantee. Registered in England and Wales No. 2726030. Registered with the Charity Commission No. 1012131. Registered as a Charity in Scotland No. SCO8811.

EIC ANNUAL REVIEW 24-25

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Contents Contents
1.
2.
3.		 Message from the Managing Director
Message from the President
2024-2025 Snapshot		 4
5
6
4. Strategic Overview 9
4.1 Our Mission
4.2 Our Vision
4.3 Our Values
5. By the Numbers: Insights 10
6. Charitable Activities and Programmes 11
6.1 Charitable Activities Summary 11
6.2 Industry Insights: Key Areas of Support 12
6.3 Services & Demographics
6.4 Health and Wellbeing Presentations to the Industry
6.5 Health Calendar

6.6 Workplace Programmes
6.7 Case Studies		 14
_6.4 Health and Wellbeing Presentations to the Industry_16
17
19
21
7. Fundraising and Publicity 23
7.1 EIC Ambassador Programme 23
7.2 powerLottery 24
7.3 powerBall 26
7.4 Challenge for a Cause 28
7.5 Industry fundraising
7.6 Regional Committee Fundraising Events		 30
39
7.7 Our PR & Media Partners 44
8. Legal and Administrative Information 45
9. Structure, Governance and Management 46
9.1 The Role of Council 46
9.2 Council Responsibilities 46
9.3 Council Members and their Statutory Responsibilities 46
9.4 Appointment to Council 47
9.5 Council Members’ Training 47
9.6 Subgroups of Council 48
9.7 Management and Staff 49
10. Accommodation and Facilities
 49
11. Volunteers 49
12. Fundraising 50
12.1 Fundraising Approach 50
12.2 Fundraising Standards 50
12.3 Fundraising on Our Behalf 50
12.4 Monitoring of Fundraising Activities and Protecting
People in Vulnerable Circumstances _People in Vulnerable Circumstances_51
12.5 Complaints 51
13. Looking Ahead to our 120thAnniversary 52
14. Trustees’ Financial Review 53
14.1 Financial Position 53
14.2 Net Assets 54
15. Investment Strategy 55
15.1 Guiding Principles Shaping Our Investment Approach 55
15.2 Investment Objectives 55
15.3 Risk Management 56
15.3.1 Diversified Investment Portfolio 56
15.4 Leverage 56
15.5 Currency and Liquidity Management 56
15.6 Liquidity and Grant Funding 57
15.7 Long-Term Focus 57
15.8 Environmental, Social and Governance 57
16. Staff & Trustees 57
17. Financial Health 58
17.1 Principal Funding Sources 58
17.2 Reserves Policy
 58
17.3 Designated funds 58
17.4 Auditors 58
Independent Auditors’ Report to the Members of
The Electrical Industries Charity Limited 60
Group Statement of Financial Activities 64
Group and Company Balance Sheet 65
Group Cashflow Statement 66
Notes to the Financial Statements 67

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1. Message from the Managing Director

Dear Supporters and Partners,

As we present this year’s Annual Review, I am pleased to share the progress we have made together at the Electrical Industries Charity.

2024 has been a year of both considerable challenges and significant achievements. The ongoing cost-of-living crisis has continued to place strain on our industry, reflected in the increasing demand for our support services. In particular, requests for assistance with homelessness and mental health have risen noticeably, with mental health support becoming our most frequently accessed provision.

Despite these pressures, we have made important strides in addressing the stigma surrounding mental health. Over the past year, we reached nearly 16,506 individuals through targeted training programmes and delivered virtual wellbeing sessions to more than 7,300 people. This essential work will continue into 2025, ensuring that no individual faces hardship alone.

This year has been one of growth and meaningful community impact. We expanded our programmes and initiatives to better respond to the evolving needs of those we serve. Thanks to your continued generosity, we hosted several successful fundraising events, helping to strengthen connections and solidarity across the sector.

Our collaborative projects have continued to deliver success driven by the commitment of our partners, donors, and volunteers.

We remain focused on high-impact, sustainable interventions that create real and lasting change in the lives of those we support.

Our Regional Committees and Working Groups have played a vital role in these achievements, and I extend my sincere appreciation for their ongoing dedication. In 2024, we launched our Ambassador Programme to further raise awareness and ensure more individuals across the sector are informed about the support available to them.

To everyone who has attended events, fundraised, donated, or volunteered, thank you. Your continued support lies at the core of our mission. Together, we are building a more resilient, compassionate industry – one that stands ready to support its people in times of need.

As we look ahead, our commitment remains clear to enhance our services, maximise impact, and approach the challenges and opportunities of the future with determination and purpose. Thank you for being an essential part of our journey.

Warm regards,

Jess Vailima, Managing Director

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2. Message from the President

Dear Electrical Industries Charity Stakeholders,

As I prepare to begin my term as President and Chairperson of The Electrical Industries Charity, I am both honoured and humbled to assume this role at such a pivotal time in the organisation’s history.

It is a great privilege to follow in the footsteps of Jeremy Saunders, whose outstanding leadership and enduring commitment have greatly advanced the work of the Charity. On behalf of the Board and the wider EIC community, I extend our deepest thanks to Jeremy for his service, passion, and dedication. His contributions have left a lasting legacy that will continue to shape our progress for years to come.

Looking ahead, our priorities are clear. The year to come will see a continued and focused response to some of the most pressing challenges affecting our industry, particularly mental health, the cost-of-living crisis, and homelessness. These issues remain critical, and our work to support those in need has never been more important.

I would also like to take this opportunity to thank the remarkable EIC team for their dedication and hard work, as well as our regional committees, working groups, and fellow Board members for their invaluable contributions. The strength of our collective effort continues to drive the Charity’s mission forward.

As we begin this next chapter together, I am confident that with your continued support we will deepen our impact and help create a stronger, more compassionate future for everyone within the electrical and energy industries.

Warm regards,

Alison Chappell, EIC President

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3. 2024-2025 Snapshot

The summary financial information shows the income raised, the cost of fundraising and the amounts spent on our charitable activities. The information is taken from the full financial statements for 2024-25.

----- Start of picture text -----
0% 0%
6% 4%
4%
10%
28%
10% 29%
a al
10%
11%
23% 18%
24%
23%
Where money came from Income How we spent the money Expenditure
Regional committees events 28% £ 778,761 Other fundraising 29% £ 722,303
| Donations & legacies 23% £ 648,163 || Support, helpline, advice & info 24% £ 589,444
powerBall 23% £ 632,014 Regional committees events 18% £ 434,032
Lottery proceeds 10% £ 291,265 | powerBall 11% £ 256,323
Fundraising at HO 10% £ 264,746 || Direct financial assistance 10% £ 250,572
|| Investment income 6% £ 165,707 Governance and management 4% £ 105,842
| Other fundraising 0% £ 6,429 | Lottery prizes and administration 4% £ 104,357
L] Investment losses 0% £ 0
|_| | Total £2,787,086 i em Total £2,462,872
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Expenditure

Regional committees events 28% £ 778,761 Donations & legacies 23% £ 648,163 powerBall 23% £ 632,014 Lottery proceeds 10% £ 291,265 Fundraising at HO 10% £ 264,746 Investment income 6% £ 165,707 Other fundraising 0% £ 6,429 | Total £2,787,086

EIC ANNUAL REVIEW 24-25 7 7

16,506

£115,039

consultations received for mental health training

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Over
Delivered virtual
1 million wellbeing sessions
to 7,322 individuals
strong industry
12 virtual wellbeing sessions cover
12 industry-specific topics
Given back a significant
Mental health training remains
£840,000
steadfast. We have conducted
training sessions throughout the
to the sector industry reaching over
----- End of picture text -----

2,370 individuals

For every £1 donated, we have managed to give back an impressive £0.91! ~~a~~

28,829

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media mentions,
social media
interactions
and website
visits
----- End of picture text -----

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We are excited to share our achievements with you.

We are proud to report that over the past year, the Charity conducted 16,506 consultations. This sustained level of engagement reflects our strong dedication to providing consistent, high-quality support and reinforces our impact across the individuals and organisations we serve.

Our reach has been substantial, with our programmes, training initiatives, and consultations benefiting a broad segment of the industry. It is important to note that the electrical industry itself comprises over one million individuals, highlighting the scale of the community we are part of and strive to support. This extensive engagement underscores our resilience and adaptability, ensuring our continued relevance and influence.

Despite the challenges faced, we have remained a leading force within the industry, reinvesting an impressive £840,000 back into the sector. This contribution highlights our enduring commitment to supporting the very industry that empowers us to fulfil our mission.

A defining feature of our work is our financial efficiency. For every £1 donated, we have generated a return of £0.91, demonstrating effective resource management and a strong commitment to delivering value that extends beyond financial metrics.

In the digital arena, our Virtual Wellbeing Presentations have continued to achieve great success. With 12 sessions covering various topics and reaching 7,322 individuals, we have effectively leveraged technology to raise awareness and spread vital knowledge.

Our dedication to mental health training remains resolute, over the past year, we have delivered sessions to more than 2,370 individuals across the industry. This initiative not only equips participants with essential tools for mental well-being but also contributes to generating revenue, thereby sustaining the ongoing work of our mission.

Our efforts have received considerable recognition, with 28,829 combined media mentions, social media engagements, and website visits. This broad visibility affirms that our message resonates widely, significantly

enhancing both our reach and impact. Looking ahead, we remain optimistic about the future. We will continue to build on our progress and secure the resources necessary to sustain and expand our transformative work. We sincerely appreciate your continued support as we advance on this journey together.

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4. Strategic Overview

4.1 Our mission

Our mission deserves nothing less than our utmost dedication. We will strive to develop and guide the lives of the people we support and the industries we serve.

4.2 Our vision

We aim to be the leading provider offering preventive and high-impact solutions, genuinely meeting the wellbeing needs of the electrical and energy industries. This vision will serve the industry for the next 100 years.

4.3 OUR VALUES

PEOPLE FOCUS

An industry charity for industry people, providing a helping hand to those in need.

SMART

Solutions that transform the lives of the people and businesses we support for the longer term.

SUSTAINABLE

A charity that can genuinely say every pound invested goes back into our industry.

GROWTH

An industry charity sized to cater for growth in the sector by increasing the number of people that we support year-on-year.

LEADERSHIP

A charity designed to support the industry with clear leadership and wellbeing programmes geared towards addressing industry issues.

TRANSPARENT & ACCESSIBLE

Trustworthy, truthful, and honest about all our activities. Dependable and available now and in the future.

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5. By the Numbers: Insights

VOLUNTEERS

With over 170 volunteers, the Charity relies on the significant support and generosity of the regional committee members, council and working groups to run regional fundraising events and support governance commitments.

NET ASSETS

As of 31[st] March 2025, the net assets have increased to £5,010m, up from £4.685m in March 2024. This growth was driven by strong investment performance and an effective resourcing strategy.

STAFF NUMBERS

The Charity’s full-time equivalent (FTE) staffing levels remained steady at 12 for the 2024/25 financial year.

INVESTMENT DIVIDEND

The Charity’s investment portfolio, maintained with a well-diversified allocation across various asset classes, achieved investment gains of £99k (realised and unrealised) in 2024/25, representing a notable increase from the £85k gain recorded in the previous year.

FINANCIAL GRANTS

Following a review of Investment Managers we switched to Brewin Dolphin resulting in a better return. The restructuring of financial grants has continued to yield positive results, with support extending more broadly across the sector. The Charity’s grant model is focused on partnerships and collaboration, facilitating more efficient resource management and delivering wider, more impactful assistance.

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6. Charitable Activities and Programmes

6.1 Charitable Activities Summary:

Insights Provided: Charitable Activities Summary

In 2024/2025, we delivered an impressive 16,506 instances of consultative support. This demand was driven by the unprecedented challenges arising from increased mental health concerns and the ongoing cost-of-living crisis.

Our response underscores our dedication to raising awareness of the support available to colleagues across the electrical and energy sectors.

16,506 instances of consultative support

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6.2 Industry Insights: Key Areas of Support

Mental Health Support: Continued high demand for help with stress, anxiety, depression, and complex mental health issues.

Complex Cases: Many individuals require integrated support across financial, legal, housing, and mental health services.

Emergency Financial Aid: Ongoing need for urgent financial help due to unexpected crises or short-term hardship.

Financial Support: Growing demand for assistance as families and individuals face increasing economic pressures.

Debt and Bankruptcy: Rising concerns around debt and insolvency, prompting more

requests for advice and restructuring.

Homelessness and Housing Support: Support needed for rent arrears, eviction prevention, emergency housing, and stable accommodation.

Essential Household Items: Increased requests for furniture and appliances due to financial strain.

Legal Advice: Frequent support sought for employment, housing, and family-related legal issues.

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Funeral Costs: Rising expenses are creating financial pressure, driving more requests for support.

Disability and Mobility: Continued need for mobility aids, transport assistance, and accessibility support.

Reskilling and CV Support: Increased interest in career transition support and employability services.

Support Services: As an industry charity, our mission focuses on physical, financial, and emotional well-being. We understand the importance of a holistic approach and tailor our services to meet the unique needs of each individual in the energy and electrical sectors. Our comprehensive range of offerings includes mental health support, bereavement counselling, emergency financial assistance, legal advice, and much more. These services are designed to provide a safety net for anyone currently or formerly in these industries, ensuring they receive the support needed to navigate challenges effectively.

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6.3 Services & Demographics

As an industry-focused charity, it is increasingly crucial to not only provide assistance for individuals in the field concerning their physical and financial welfare but also address their emotional well-being. We understand that effective support requires a comprehensive approach, recognising that each individual has their distinct needs and circumstances.

Our services are available to anyone that works or has worked in the energy and electrical industries. Therefore, we are currently providing a wide variety of key services with focused support to meet every individual’s needs, such as:

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Age Demographic

2% 500 2% | 1% 7% 450 413 Eligibility 400 350 Self 88% 300 [1] NA 7% 271 269 a Family Member 2% 250 196 200 a Husband 2% 174 164 173 ) Partner 1% 150 126 100 53 88% 50 22 0 ~~7 TL =.~~ O ~~: )~~ 1-25 26-30 31-35 36-40 41-45 46-50 51-55 55-60 61-65 66+ Gender by Programme 1% 3% | 5% 35% 3 PSP o Male Marital Status (Pensioner Support 1 o Female Programme) 1 15% Other Married 35% a Single 26% EFP 1073 mt Partner 15% (Employee and Family 616 Support Programme) 156 NA 15% a Separated 5% ASP 10 a Divorced 3% (Apprentice Support 15% O Widowed 1% Programme) 1 UO 26% ~~:~~ 0 ~~—~~ 200 400 600 800 1000 1200

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6.4 Health and Wellbeing Presentations to the Industry

Our mental health and wellbeing courses are designed to help organisations embed mental health into their long-term strategies. As awareness continues to grow, more individuals are recognising the importance of looking after their mental wellbeing alongside their physical health.

Mental health challenges can have a profound impact on individuals and families. However, with the right tools and understanding, we can deliver vital support to those in our industry who need it most. We remain committed to raising awareness and providing accessible guidance for those experiencing mental health difficulties.

A key element of this commitment is our Health Calendar, which offers a wealth of information, statistics, and details on available services for individuals, their families, colleagues, and employees. Mental health concerns often stem from multiple sources, including work-related stress, financial pressures, and personal or family challenges. Within our sector,

stress and depression are particularly common, yet many continue to suffer in silence, often without discussing their struggles even with loved ones.

To help break this silence and encourage open conversations, we continued our Wellbeing Talks series in 2024. This initiative brought together a powerful lineup of speakers who shared expert insights, personal stories, and practical advice with our industry community.

We began the year with Megan Micklewright, a financial wellbeing specialist, who provided practical strategies for managing money and alleviating financial stress, an increasingly prevalent issue across the sector.

In February, we welcomed Dr. Cor Hutton MBE, who shared her extraordinary journey of survival and resilience. Following a lifethreatening illness in 2013 that led to the amputation of both her hands and legs, Cor went on to found the award-winning charity Finding Your Feet, became the first Scot to

receive a double hand transplant, and even climbed Mount Kilimanjaro. Her talk was a powerful reminder of the human spirit’s strength and the importance of perseverance through adversity.

In May, Tom Dickinson shared his deeply personal experience following the loss of his brother to suicide. Through his organisation Tom’s Talks, he has worked to spread the message that it’s okay not to be okay. His honesty and courage resonated deeply with our audience, reinforcing the importance of mental health awareness and compassion.

These sessions were not only inspiring but also transformative, shining a light on the real-life challenges many face and the crucial role of community, dialogue, and support.

At the Electrical Industries Charity, we believe no one should face mental health challenges alone. Our mission is to ensure that everyone in our industry has access to the support they need, when they need it most.

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6.5 Health Calendar

2024

Financial Health Looking After Our Apprentices Diversity and Inclusion Stress Awareness Mental Health Month PRIDE Month Neurodiversity Health and Wellbeing Suicide Prevention Menopause Men's Month Coping with the Holidays

2025

Addiction Time to Talk Body Power Embracing Differences Mental Health Month PRIDE Month Money Matters Overcoming Challenges Suicide Prevention Women's Month Men's Month Coping with the Holidays

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Addiction
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Money Matters
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Time to Talk
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Overcoming
Challenges
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Body Power
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Suicide
Prevention
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Embracing
Differences
OCTOBER
e)
Women's Month
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Mental Health
Pride Month
Month
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Coping with the
Holidays
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Men’s Month
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6.6 Workplace Programmes

The Electrical Industries Charity is proud to offer comprehensive support to our stakeholders. To expand our reach within the working population, we’ve developed a suite of free and confidential programmes. These programmes are tailored to meet the specific needs of our industry, clearly communicate the benefits to users, and are designed for easy implementation and understanding in the workplace.

1%

% of count of grants EFP (Employee and Family Support Programme) 99% ASP (Apprentice Support Programme) 1% 99% O :

Gender by Programme

----- Start of picture text -----
3
PSP m Male
1% 1%
(Pensioner Support 1 i Female
Programme) 1
Other
EFP 1073
(Employee and Family 616
Support Programme) 156
ASP 10
(Apprentice Support
Programme) | 1
98%
0 200 400 600 800 1000 1200
----- End of picture text -----

% sum of grant amount

EFP (Employee and Family Support Programme) 98%

ASP (Apprentice Support Programme) 1% PSP (Pensioner Support Programme) 1%

----- Start of picture text -----
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Apprentice Support Programme (ASP)

The ASP exists to support our apprentices and delivers a very similar range of services to those provided by our flagship Employee and Family Assistance Programme. The ASP is designed to meet the challenges that may be experienced when starting a new career.

With the correct support, any issues can be overcome, whether financial, emotional or physical. We offer tailored assistance to apprentices within the electrical and energy sectors who are struggling. We are proud to also offer support and guidance to employers who have apprentices.

Employee and Family Support Programme (EFP)

The EFP is our flagship programme, developed specifically for our active industry members. Staff productivity is a critical factor for any organisation.

It is also equally important to recognise the personal lives of employees.

When things go wrong, the EIC is here to help with a range of services that address issues ranging from family or relationship problems through to ill health and disability.

Pensioner Support Programme (PSP)

Retirement is traditionally the time when people stop working, but this doesn’t mean that they stop living. Retirement is a new phase of life that can bring new opportunities but also new challenges.

For many, being retired means reduced income, meaning paying bills and unexpected expenses may become difficult to cover. It can also be a time of huge change and loneliness that is difficult to deal with. The PSP recognises the importance of community and family support networks, and with the right level of support, many issues, including financial, emotional, health and family factors, can be managed sensitively and proactively.

Practical Participation Programme (PPP)

Volunteering is a surefire way to make you feel happier and give something back to our industry. You can help by organising an event, joining our regional committees, signing up to become a member of our board or taking on a fundraising activity. Whichever you choose to do, you are volunteering and making a difference to our sector! We may also call on your specialist skills in terms of time, equipment and materials to help with specific projects that the EIC are supporting.

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6.7 Case Studies

PPP Case Study 1

From Hardship to Hope: How EIC Helped an Electrician Rebuild His Life

An experienced electrician reached out to the Electrical Industries Charity (EIC) while struggling with mental health challenges. Diagnosed with PTSD and currently taking medication for ADHD, he has shown remarkable determination in rebuilding his life and returning to work. Over the past nine years, he has faced significant personal and professional setbacks, yet his resilience and commitment to recovery have remained.

Recently re-housed after a period of homelessness, he received crucial emotional support from the EIC through counselling sessions, helping to stabilise his wellbeing as he worked towards long-term recovery.

Alongside emotional support, the EIC also provided practical assistance. When they learned he had moved into a property without essential appliances, they arranged for the delivery and installation of a new washing machine and electric cooker. The Charity also handled the removal and disposal of the old units, ensuring the process was smooth and stress-free.

To further support his transition into a stable home environment, the EIC partnered with the Lighthouse Charity, which supplied a double bed, mattress, and bedding. Additional needs, such as a sofa, were referred to the Rainy Day Trust for potential support. Now, feeling settled in his new home and excited for what the future holds, he is looking ahead with renewed confidence and hope.

PSP Case Study 2 Standing Beside the Carers: How EIC Supported a Wife Through Her Husband’s Alzheimer’s Journey

The wife of a retired electrical industry worker reached out to the Electrical Industries Charity (EIC) seeking urgent advice and support. Her husband, who had dedicated more than 40 years to the electrical supply industry, had recently been diagnosed with Alzheimer’s disease and placed in a care home following a period of respite care. His condition had deteriorated to the point where he could no longer recognise family members or advocate for himself.

At 73, and managing her own health challenges, she was under immense emotional and financial strain. Her youngest daughter, who lives independently, also has additional needs. On top of navigating the complexities of the care system, she had taken on responsibility for her husband’s dog and was struggling to maintain her home and garden. The cost of care was a growing concern, with social services outlining significant fees that would be partly covered by her husband’s state and private pensions, leaving her in a financially precarious position.

Unsure where to turn, she contacted the EIC for guidance. The Charity referred her to a legal support team, helping her better understand the care funding process and prepare for upcoming financial assessments. To support her emotional wellbeing, the EIC arranged for her to begin therapy sessions with a qualified professional, which she found highly beneficial. They also funded a walking frame to help ease some of her daily challenges. She was grateful for the expert support, which gave her the space to understand the best way to move forward.

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ASP Case Study 3 Helping an Apprentice Build His Future: How EIC Stepped in During a Housing Crisis

A first-year apprentice in the electrical industry found himself in a vulnerable position after unexpectedly becoming homeless. Determined to continue his apprenticeship, he reached out for help and was referred to the Electrical Industries Charity (EIC) for urgent support.

Recognising the urgency of his situation, the EIC acted quickly, assessing his needs and providing financial assistance to help secure a safe and stable place to live. This included covering part of the deposit and the first month’s rent, bridging the financial gap and offering much-needed relief.

Throughout the process, the EIC worked closely with the apprentice’s training officer to ensure his apprenticeship could continue uninterrupted. This partnership meant his wellbeing was prioritised both at home and in the workplace. The Charity maintained regular communication, offering emotional support and practical guidance, and liaised directly with the landlord to ensure a smooth transition, reducing any additional stress.

With a roof over his head and a safe environment for both himself and his pet, the apprentice was able to regain stability and focus on progressing in his career.

EFP Case Study 4 Fighting Leukaemia and Providing for His Family: How EIC Stepped in During His Toughest Challenge

Earlier this year, a 36-year-old electrical industry employee was unexpectedly diagnosed with an aggressive and rare form of acute leukaemia. The diagnosis, which came shortly after Easter, turned his world upside down. As a devoted father to two young sons, he suddenly found himself balancing intensive treatment with the emotional and practical challenges of family life. After undergoing rounds of chemotherapy and radiotherapy, he was referred for a stem cell transplant over the Christmas period.

With the support of his employer, who reached out to the Electrical Industries Charity (EIC) on his behalf, the Charity acted quickly to explore ways of easing the strain on him and his family. Given the severity of his condition and the impact on his ability to work, the EIC awarded a financial grant to help cover living expenses for three months. With all communication handled through his mother while he focused on treatment, the family expressed deep gratitude for the immediate breathing space this provided.

During this difficult time, he was also allocated council housing for himself and his children. While this was a vital step forward, the property was unfurnished. The EIC stepped in again, providing further financial support to furnish the home with essential items and create a safe, comfortable

environment for his boys. Further support was provided by connecting the family with Lightning Reach to identify and apply for any additional grants available, while maintaining a consistent line of communication to address any ongoing needs.

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7. Fundraising and Publicity 7.1 EIC Ambassador Programme

In 2024, the Electrical Industries Charity launched its Ambassador Programme, a strategic initiative designed to increase awareness, engagement, and support within the electrical and energy sectors.

The programme empowers volunteers from across the industry to act as internal champions for the Charity. These ambassadors promote available services, encourage fundraising, and raise the profile of initiatives such as the powerLottery and ‘Charity of the Year’ nominations.

Each ambassador acts as a direct link between the Charity and their colleagues, helping ensure that vital support reaches those who need it most. With a target of at least two ambassadors per company and a connected network of 20+, the programme is creating a strong, industry-wide community.

Ambassadors receive regular updates, participate in quarterly check-ins, and engage with peers through a dedicated communication channel, strengthening collaboration and shared purpose.

The Ambassador Programme marks a key step in embedding the Charity’s mission into workplaces, enabling a more open, resilient, and supportive culture across the sector.

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7.2 powerLottery

The power of £1!

Small Change, Big Difference: The powerLottery

It’s amazing what just £1 can do! In the hands of the Electrical Industries Charity, every pound raised through powerLottery helps transform lives, providing essential support to apprentices, pensioners, employees, and their families when they need it most. Last year alone, powerLottery generated a total gross income of £375,691, making it one of the Charity’s largest sources of fundraising.

In addition to individual sign-ups, our workplace lottery allows companies to get involved and make a collective impact. To take part, companies must:

The powerLottery remains EIC’s only source of annuity funding. By encouraging major industry employers to adopt the workplace lottery model, we can offer more free services to employees through our wide range of programmes.

We’re setting a challenge to the more than one million people working in our sector: give up just one cup of coffee each month and, sign up for powerLottery.

Open to everyone, the powerLottery gives participants the chance to win a monthly cash prize of £500, as well as bonus prizes of £10,000 in January and £5,000 in June and December. It also ensures every £1 entry directly supports vital services for people in our industry who need assistance.

Currently, the lottery provides 10% of the Charity’s annual income, directly funding financial grants through our Employee Assistance Programme. This includes help for apprentices, pensioners, and families, as well as practical and workplace support.

These programmes deliver a broad range of assistance, from legal advice and counselling to financial aid, grants, carer support, debt advice, and mental health services, ensuring no one in our industry has to face life’s challenges alone.

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Lottery Income

----- Start of picture text -----
600,000
491,684
500,000 461,672
423,193
409,984
400,000 385,999 376,639 [391,211] 366,544
340,073 322,330
308,995
291,265
300,000
200,000
100,000
FY FY FY FY FY FY FY FY FY FY FY FY
2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
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7.3 powerBall

On 22 November, the prestigious Grosvenor House in London played host to powerBall 2024, an evening of spectacular entertainment and generous giving. Over 700 guests from across the industry gathered for the biggest and most anticipated event of the electrical and energy sector. Electrical Industries Charity (EIC) was in attendance to run fundraising activities. Thanks to the incredible generosity of guests and sponsors, powerBall 2024 generated an astounding £375,691, a testament to the electrical sector’s firm commitment to giving back.

powerBall 2024 would not have been possible without the generous sponsorship from Aico, CEF, Edmundson Electrical, MACD Electrical, Rexel, Schneider Electric, and WAGO. Their continued support ensures the success of powerBall.

The evening began with a lively drinks reception, where guests were dazzled by mirror men and contact jugglers, mesmerised by skilled magicians and captivated by the enchanting live music of a talented cellist. As the guests took their seats, they were treated to a teasing performance by Disco Inferno, setting the tone for a night full of energy and excitement.

Following a warm welcome speech by the EIC’s new President, Alison Chappell, guests enjoyed a sumptuous meal. During the evening we heard from Kara and Chris, who shared their deeply moving story about their child, Teddy, and the invaluable support their family received from the EIC. Their testimony reinforced the critical role the charity plays in the lives of industry families, touching the hearts of everyone in attendance.

The evening also featured various fundraising activities by Electrical Industries Charity – an exciting raffle and silent auction with amazing prizes generously donated by individuals and businesses in the industry, as well as pledging. All of these activities contribute to EIC efforts supporting those in our industry going through challenging times.

With the evening’s proceedings complete, the energy moved from the tables to the stage and dance floor with Disco Inferno lighting up the room once more, with their high-energy performance, keeping the atmosphere vibrant and engaging. Later, The Earthlights took the stage, delivering an electrifying set that kept guests dancing well into the night.

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Companies who supported powerBall 2024

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7.4 Challenge for a Cause

Zipslide the Clyde Challenge

On 13 September, daring supporters from the electrical industry, alongside members of the team, took part in our Zipline Challenge for a Cause, an exhilarating 100ft high and 1,245ft long challenge over Glasgow's iconic cityscape.

Thanks to the brave volunteers who took the leap for us and managed to raise just under £23,000 for the charity!

The day was a powerful reminder of the strength and generosity of our community and contributed a significant amount towards our annual fundraising efforts.

London to Brighton Cycle Ride

Two intrepid cyclists trained hard and conquered the 54-mile ride from London to Brighton on behalf of the Charity, raising over £3,000 in the process.

Kilimanjaro Challenge 2024

A determined group of climbers successfully summited Mount Kilimanjaro after a gruelling six-day journey. Guided by experienced local experts, the team endured physical and mental challenges, bonding deeply along the way. The adventure was filled with unforgettable moments, such as waking up above the clouds, and for many, it proved to be the toughest trek of their lives.

Yet, through perseverance and unity, the climbers not only reached Africa’s highest peak but also grew from strangers into lifelong friends.

The hard work paid off with the trek raising over £80,000 to support EIC’s vital work in the industry. The climb became not only a test of endurance but also a symbol of collective action, courage and the unwavering support of the Electrical Industries Charity community.

Setting off in Clapham Common and travelling through the picturesque countryside of Surrey and Sussex, before they finished their cycle on Brighton seafront in the afternoon with a well-deserved lunch on the beach.

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Join Jess

Our MD Jess began her heroic year long journey of challenges across the UK to celebrate 120 years of the Electrical Industries Charity, one in each England, Scotland, Wales and Northern Ireland.

Jail or Bail

Over the course of the year 2025, the EIC celebrated its 120[th] anniversary with multiple challenges aimed to raise funds and awareness for the Charity. We started our 120[th] year off with a bang with our first challenge, “Jail or Bail”.

On 23 January 2025, a group of trustees and key team members were “locked up” for the day. The catch? They could only be freed by securing their “bail” of £12,000! Our inmates rallied their friends, colleagues, and supporters from across the electrical industry, with every pound donated making a significant difference in the lives of those in the electrical and energy sectors who rely on EIC’s support. The team’s passion and determination resulted in them absolutely smashing their fundraising target, generating a whopping £14,500 – that's 121% of their original £12,000 target!

The goal of the 120 year challenge is to rally a community of 1,000 supporters to each raise or donate £120 for the charity.

Jess kicked off the challenge with a thrilling zipline at Penrhyn Quarry in Wales in March, the fastest zipline in world, with speeds of up to 100mph! She will go on to to do three more epic challenges in 2025.

London Marathon 2024

In April 2024, five dedicated individuals took on the challenge of the London Marathon to raise funds for the EIC. Driven by a shared mission to support those in the electrical industry facing hardships, the team of runners triumphantly crossed the finish line having exceeded their fundraising goals and raising a whopping £21,934 for EIC. Their collective effort stood as a testament to resilience, compassion, and the power of community support.

The event highlighted the strength and community within the electrical industry, with each runner’s determination contributing to a greater cause. Their achievement will help the EIC continue offering vital assistance to individuals and families in need, leaving a lasting legacy of hope and solidarity.

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7.5 Industry Fundraising

Quarter 1

ECA Maidstone and East Kent

The ECA are big supporters of the Electrical Industries Charity and we were very grateful to receive a donation of £6,000 from their Maidstone and East Kent region, thank you!

SECA

Scott Coppola Electrical Distributors

Thank you to Scott Coppola Electrical Distributors, who hosted a successful Casino Night, raising £1,000 in support of the Electrical Industries Charity.

ZG Lighting (UK) Ltd

A huge thank you to the Zumtobel Group. They selected the Electrical Industries Charity (EIC) as their Charity of the Year and have raised a staggering £9,824.

EDA Annual Award Dinner

The EDA hosted its annual awards dinner in April, raising an impressive £12,940 for the Electrical Industries Charity. This fabulous event was a great success, and we are truly grateful to EDA for their continued support.

Jason Keene, RWE Generation

A special thank you to Jason Keene and RWE Generation for their generous donation of £496 in April. We are sincerely grateful for your support.

Aico Community Awards

The Aico Community Awards took place in April, celebrating our industry and raising an incredible £16,620 for the EIC. We are extremely thankful to Aico for their ongoing commitment to our cause.

IBA Buying Group

We were honoured to receive a charitable donation of £1,630 from the IBA Buying Group in April. Thank you for your steadfast support, it means so much to us.

EDA Sportsperson's Dinner

The ever-popular EDA Sportsperson’s Dinner was held in May and raised a fantastic £2,300 for the Electrical Industries Charity. Thank you once again to EDA for championing our work.

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Andie Morris, Glen Dimplex Heating & Ventilation

A heartfelt thank you to Andie Morris and the team at Glen Dimplex Heating & Ventilation for their generous donation of £674 in May. Your support makes a real difference.

Heating & Ventilation

Fegime & Twelve Electric

A huge thank you to Fegime and Twelve Electric for their incredibly generous £12,000 donation in May. It’s thanks to supporters like you that we can continue delivering vital help to those in need.

IBA Buying Group – Golf Event

We’d like to thank the IBA Buying Group for supporting us through their golf event held in June. The event raised £840 for our charity, and we’re deeply appreciative.

AF Switchgear & Rittal

The AF Switchgear & Rittal IT Networking Event was held in June, raising £1,140 for our charity. We’re very grateful to the team for their fantastic efforts and support.

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Quarter 2

Electrofix Group

In August, we celebrated the fundraising efforts of Craig Daniels and the ElectroFix Group team, who climbed Yr Wyddfa (Snowdon) on 14 September and raised £245 for the Electrical Industries Charity. Thank you for your fundraising efforts!

Rexel

Rexel hosted its annual Golf Championship on 7 and 8 August at Scotscraig Golf Club in Scotland, attracting key industry figures. The event featured various fundraising initiatives, raising over £3,580 for the Electrical Industries Charity (EIC). Appreciation was expressed for the support received.

Aico

Thank you to Aico colleagues Dan Little, Tony Boyle and Alex Parker for raising funds for The Electrical Industries Charity. Together they successfully conquered the UK's National Three Peaks and raised £2,538 for the Electrical Industries Charity. ve e.,\/ee)

Tamlite Lighting

Thank you Tamlite Lighting for walking 10 miles in September along the Siliin Way in Telford, Shropshire. Together they raised £2,400 for the Electrical Industries Charity.

Edmundson Electrical

In July, Edmundson’s North East team held a golf day that raised an impressive £1,412 for the EIC. A big thank you to the whole team for your fantastic support. We truly appreciate your ongoing efforts.

Edmundson Electrical

Thank you to the Edmundson Eastern team for raising £1,900 at their Eastern Region Golf Day in August, and thank you to the Edmundson East Midlands team for raising £1,700 at your golf day in July. We’re so grateful for your support and dedication to our cause.

Edmundson Electrical

On 5 September, Edmundson Electrical hosted a successful charity golf day for their South West Region, raising over £2,000 in support of the Electrical Industries Charity (EIC).Thank you for your support!

Rexel

Rexel’s Supplier Conference in August raised an incredible £13,240 for our charity. Thank you to everyone involved for your continued and generous support. Your commitment means so much to us.

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Rexel

A heartfelt thank you to the team at Rexel for raising £3,580 at their Scotland conference in August. We’re truly inspired by your commitment to supporting the EIC.

Certsure

A big thank you to the team at Certsure for donating £1,480 to the EIC following your employee engagement survey in August. We’re so appreciative of your support.

Edmundson Electrical

A huge thank you to Edmundson Electrical for your incredible annual donation of £60,000 in September. We are deeply grateful for your unwavering commitment to our cause.

City Electrical Factors

The CEF team raised an amazing £1,510 at their National Accounts golf day in September. Thank you to everyone involved for showing such fantastic support for the EIC.

Electric Center Eastern Region Thank you to the Electric Center Eastern Region team for raising £1,450 at your September golf day. Your support helps us continue making a real difference.

ANEW

Thank you to ANEW for your continued support throughout the year. Your commitment helps us provide meaningful assistance to people across our industry when they need it most. We truly appreciate it.

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EDA

Quarter 3

A big thank you to EDA, who in October brought together industry members at the EDA Scottish Function and raised a fantastic £2,360 on the evening.

HEA

The HEA Awards in November Function and raised a fantastic raised a brilliant £3,085 for £2,360 on the evening. the EIC. Thank you to everyone involved for your fundraising efforts. Your generosity is deeply appreciated. gues 11STRIBUTORS’ [SB osrrisutors HEAT Schneider Electric fmeounes

The Schneider Electric Distributor Awards on 10 October raised a remarkable £4,081, including an incredible matched donation of £2,040 from Schneider Electric. Thank you! This support will go a long way in helping the Electrical Industries Charity deliver essential aid to industry colleagues in need.

ECA

The ECA Awards at the Hilton London Bankside on 11 October proved to be a spectacular evening, raising an impressive £5,325 in support of the Electrical Industries Charity. Your generous support enables us to continue providing help and support to industry members.

City Electrical Factors

An incredible £80,436 was raised at a recent CEF Supplier Event in support of the EIC. A huge thank you to all attendees and to CEF for their pledge-matching initiative. Your generosity is truly inspiring.

Scottish and Southern Energy Power

Thank you to Scottish and Southern Energy Power for their generous donation of £250 in October. Your support helps us continue our vital work across the electrical industry. We truly appreciate it.

Edmundson Electrical

The Edmundson Midlands golf day raised an impressive £820 for the Electrical Industries Charity in October. Thank you to the whole team for supporting our cause. Your contribution makes a real difference.

Lancashire Electrical Distributors

Thank you to Lancashire Electrical Distributors for including the EIC in your 40th anniversary celebrations. Your event raised a fantastic £687. We're so grateful for your continued support.

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Yorkshire Electrical Contractors Group

Thank you to the Yorkshire Electrical Contractors Group (YECG) for your kind donation of £300 in November. We’re grateful for your continued support of the EIC.

Ben Lincoln, Newbury Investments

Newbury Investments came together over the holiday season spreading joy and generosity at their Xmas dinner. Through their collective efforts, they raised £1,644 for the Electrical Industries Charity. Thank you and well done to all involved.

RWE Generation

A big thank you to RWE Generation for their kind donation of £1,000 in November. Your support plays a vital role in helping us continue our work. We’re incredibly grateful.

IBA Buying Group

Thank you to the IBA Buying Group for spreading festive cheer at their Christmas Conference in December. The event raised a wonderful £630 for the EIC. We’re grateful for your support.

Certsure

A sincere thank you to Certsure for their generous donation of £2,319. Your support helped make the holiday season a little brighter for those in need.

ECI Lighting

We’d like to extend a massive thank you to the ECI Lighting team for their charitable donation of £500 in December. Your support means we can continue to offer vital services to those who need them most.

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Quarter 4

Schneider Electric

Thank you to Schneider Electric for raising £510 at the IPA KickOff event in January. Your support helps the EIC continue providing vital services to the industry. We truly appreciate your ongoing commitment.

Electric Center

In January, the Electric Center Telford branch hosted the first of what promised to be many quiz nights in support of the EIC. A huge thank you went to everyone who attended and donated. Together they raised £100. ELECTRIC @

CEMBRE

Key customers from the electrical industry gathered to strengthen strategic partnerships while raising vital funds for the EIC. The event featured a factory tour, a formal dinner and inspiring moments with guest speaker Martin Bayfield, culminating in an impressive £1,580 raised for the charity.

EDA

Thank you to the EDA for raising a fantastic £8,730 at your Annual Awards Dinner. We’re so grateful to be part of this celebration and appreciate your continued support for our work.

Lighting Industry Association

City Electrical Factors

Congratulations to Robin Tilling and his fearless team from CEF London for braving the iconic O2 roof walk and raising an outstanding £5,776! We are incredibly grateful for your effort and dedication.

Bem

Twelve Electric

A huge thank you to The Twelve Electric CLub for their fundraising efforts and for the donation of £12,500 to The Electrical Industries Charity (EIC).

ECA

A big thank you to members of the ECA London Region gathered for a day of education and networking. Regional Manager Katie Adams proposed a raffle to support the EIC, which attendees enthusiastically participated in, raising £840 for the EIC's 120-year anniversary celebrations.

Well done to Ayca Donaghy and the team from the Lighting Industry Association for completing the Snowdon by Night challenge and raising an amazing £2,170! Your dedication and fundraising efforts mean so much to us and those we support.

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Aico

Thank you to Matt Small and the team at AICO for raising £610 for the EIC in their rowing challenge. Your efforts are truly appreciated and help make a real difference.

MACD

A huge thank you to Mac D Electrical for raising a fantastic £6,427 at your curry night in March. We’re truly grateful for your creativity and generosity. What a brilliant way to support the EIC!

Schneider Electric

Thank you to Schneider Electric for raising £2,020 at your Dinner & Services Commercial Awards event. We’re so grateful for your continued generosity and support of the EIC.

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7.6 Regional Committee Fundraising Events

East Midlands Regional Committee

Simon Hildred (Chair) – KSR Lighting Darren Misiak – Brook and Mayo Josh Johnson – Lew Electrical Distributors Trevor McCabe Vernon Parker – Solarwatt Robert Avery – Aico Harry Davies – Schneider Electric

Eastern Regional Committee

Andie Morris (Chair) – Glen Dimplex Ben Wakeman – DPL Group Darren Broadrib – Hager David Grimes – Edmundson Electrical Ken Bird – CPS Building Services Ltd Martin Cordrey – ECA Nicola Pearce – Stearn Sean Stuteley – Lark Technology Trevor Sawyer – Aico

Scotland Regional Committee

Gregor Morrison (Chair) – Aico David MacDonald – MACD Electrical Isabel Smith – Edmundson Electrical Shaun Harrison – Scolmore Group Sonja Mackinnon – Legrand Rory Fraser – Aico

----- Start of picture text -----
FY 2024/25 FY 2024/25 FY 2024/25
| FY 2023/24 || FY 2023/24 || FY 2023/24
|| FY 2022/23 | FY 2022/23 || FY 2022/23
¥ 2
41,064 47,377 159,760
Fe P| a
Income PF 27,486 Income Ms 44,002 Income he 154,148
13,298 44,105 152,080
a PO Po
6,655 22,597 28,634 80,096
PF fF Pe
Expenditure | 15,330 Expenditure | 28,949 Expenditure PCrrr 86,889
6,655 26,842 72,998
a hs Pe
18,467 18,743 79,664
Surplus | Surplus | Surplus Pe
| 12,156 hs 15,053 |rrr 67,260
/Deficit /Deficit /Deficit
6,643 17,263 79,082
----- End of picture text -----

40

London Regional Committee

Lee Barry (Chair) – Rexel Mark Wood – Aico Matt Callander – KSR Lighting Robin Tiling – City Electrical Factors Tom Johnson – Rexel

North West Regional Committee

Roger Taylor (Chair) – City Electrical Factors Andrew Moseley – City Electrical Factors Chris Loughlin – Hispec Electrical Products Ltd Dan White – City Electrical Factors Jess Astley – Atkore Rachel McDermott – Scolmore Group Richard McCartnery – Edmundson Electrical Steve Trafford – Aico

Northern Ireland Regional Committee

Karen McAvoy (Chair) – Ireland’s Electrical Magazine Alfie Watterson – ECA Duncan Orr – Aico Gareth Howes – Solutions

Jake Keyworth – Edmundson Electrical Greentech Mervyn Knox – Hager Northern Ireland Tommy Barrett – City Electrical Factors

----- Start of picture text -----
FY 2024/25 FY 2024/25 FY 2024/25
FY 2023/24 FY 2023/24 FY 2023/24
: FY 2022/23 : FY 2022/23 ‘ |_|: FY 2022/23 4
52,603 34,728 79,210
Income 7,048 Income Income 48,663
oo 63,117 - [od
88,686
Fe 34,341 | 16,000 a7 31,630
Expenditure a 4,387 Expenditure Expenditure Ld 16,098
59,854 -
P| a 36,847
18,263 18,728 47,580
Surplus Surplus Surplus
2,661 32,565
/Deficit 3,263 /Deficit - /Deficit 51,839
----- End of picture text -----

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South West Regional Committee

Steve Vaslet (Chair) – EDF Energy Dave Miller Mick Di Stazio – City Electrical Factors Nick Francis – City Electrical Factors Nicola Surman – Hager Paul Meddings Peter Price-Higgott – Aico Rob Gillespie – EDF Energy Roy Christie Tony Mills Tony Vearncombe

Southern Regional Committee

Mark Mitchell (Chair) – R&B Star Andrew Larcombe – Luceco Ian Lawson – Hispec Electrical Products Ltd Paul Barrett – Aico Paul Russell – Schneider Electric Ryan Rankin – Ansell Lighting

Tyne & Wear Regional Committee

Fred Dickinson (Chair) – CP Electronics Colin Bramley – City Electrical Factors Fred Hood – McNally and Thompson Karl Snowdon – Park Electrical Noel Plant – McVickers Electrical Contractors

----- Start of picture text -----
FY 2024/25 FY 2024/25 FY 2024/25
FY 2023/24 FY 2023/24 FY 2023/24
|_| FY 2022/23 | FY 2022/23 | FY 2022/23 e
23,614 88,357 71,049
Income 32,625 Income 96,815 Income 62,173
(nn [ln od
30,284 113,384 58,774
Dod a [
13,024 61,597 35,961
Ceo Ls ceo
Expenditure 15,595 Expenditure 60,006 Expenditure 36,565
12,505 66,907 30,875
10,591 26,760 35,087
Surplus Surplus Surplus
17,030 36,809 25,608
/Deficit (a /Deficit a /Deficit Lod
17,780 46,476 27,899
a [a (a
----- End of picture text -----

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West Midlands Regional Committee

Adrian Parry (Chair) – Contactum Eddie Featherstone – Garo Craig Swift – Aico George Wilford-Brickwood – Schneider Electric Harriet Price – Edmundson Electrical Jaimala Parma – WAGO Mike Burnard Paul McHale Stewart Gregory Nick Rovetto – Rexel

Western Regional Committee

Gary Hutchins (Chair) – City Electrical Factors Dean Thomas – City Electrical Factors Joanna Mee – 3 Phase Recruitment Neil Crook – AWEBB Oliver Barlow – Aico Steve Mace – HP Hewlett-Packard David De-Vall – City Electrical Factors

Yorkshire Regional Committee

Andy Roach (Chair) – Omexom Eric Dyer – EWS Limited Graham Coxon – Edmundson Electrical Ian Dennon – Scolmore Group James Coss – City Electrical Factors Mark Ginn – Hager Matt Houston – Electric Center Neil Baldwin – CP Electronics Tony Teal – Aico

----- Start of picture text -----
| FY 2024/25 a FY 2024/25 FY 2024/25
| FY 2023/24 FY 2023/24 FY 2023/24
FY 2022/23 a FY 2022/23 a FY 2022/23
|| | a |
%
72,672 58,135 50,192
po po pO
Income 80,887 Income 51,825 Income 63,183
PO ee hs
104,384 58,512 58,733
ee ee hii
38,372 32,676 30,320
| pO has
Expenditure 42,134 Expenditure 32,349 Expenditure 32,304
| pO Li
54,481 31,397 31,537
PS ee ne
34,299 25,459 23,662
Surplus pe Surplus pe Surplus |
38,753 19,477 32,863
/Deficit | /Deficit | /Deficit a
49,903 27,115 26,428
----- End of picture text -----

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Regional Surplus/Deficit

FY 2024/25 FY 2023/24 FY 2022/23

----- Start of picture text -----
18,467
Ss
East Midlands 12,156
6,643
18,743
Eastern 15,053
17,263
Ss 18,371
London 2,661
3,263
Ss 18,728
North West -
48,240
Northern Ireland 32,565
51,839
79,664
Scotland 67,260
79,082
10,591
South West 17,030
17,780
27,300
Southern 36,809
46,476
35,087
Se
Tyne & Wear 25,608
27,899
34,299
West Midlands 38,753
49,903
25,459
Western 19,477
27,115
23,662
es
Yorkshire 32,863
26,428
----- End of picture text -----

a 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000

-10,000

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7.7 Our PR & Media Partners

The Electrical Industries Charity is fortunate to have close ties with many industry organisation’s PR and media departments, who generously provide opportunities to raise awareness of the Charity, Charity campaigns and fundraising initiatives. Our PR and media partners for 2024/25 included:

Building Services

BSEE

Building Engineer CIBSE Journal Energy in Buildings & Industry (EiBI) Modern Building Services The Energyst Smart Buildings Building Services News, Ireland

Electrical

Large contractors Cable Talk (Scotland SELECT) ECA Today Electrical (Ireland) Electrical Contracting News Electrical Engineering Electrical Review Electrical Trade Magazine Voltimum ERT Magazine JIB Newsletter Engineering Update

Small contractors

Electrical Times Professional Electrician NICEIC – Connections Magazine KMP – Ireland’s Electrical Magazine

Apprentices

ECS Sparks Electrical Wholesaler W&ED ERT

Highways Electrical News Innovative Electrical Retailing reNEWS Voltimum ECA Today Process Engineering Trimble NAPIT Magazine NIC EIC

Lighting

LEDs Magazine RIBA Journal Lighting Lighting Industry Association Architecture Today Lux Magazine ARC (Lighting in Architecture) A1 Lighting The Architectural Review Architects Journal Icon Dezeen Architect’s Choice RWE

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8. Legal and Administrative Information

The Electrical Industries Charity Limited is a company limited by guarantee, registered in England and Wales (No. 2726030), and a registered charity with the Charity Commission for England and Wales (No. 1012131) and the Office of the Scottish Regulator (No. SCO38811).

Patron Members of Council

The Council is composed of the following Members, who serve as Trustees and Directors, and who held their positions during the specified period:

The patronage of The Electrical Industries Charity is currently under review due to the change in the Monarch.

President and Chairman of the Council

Council

Ms A Chappell

The governance of The Electrical Industries Charity is overseen by a Council, which convenes a minimum of four times annually. The President serves as the Chair of the Council, consisting of a maximum of 15 Members, including the President.

Vice President

Mr A Reakes

Members of the Council

Mr D Gardiner

Mr D Fielder Mr D MacDonald (Resigned 10 May 2025) Mr D Pownall Mr M Leek Mr S Gregory Ms S McFall Mr D Carey Mr A Sturgess Mr J Saunders

Mr R Beighton

(appointed 9 June 2025) Mr S Gregory Ms S Macdonald (appointed 9 June 2025) Ms S McFall

Managing Director & Company Secretary

Jess Vailima

Registered Office

Rotherwick House, 3 Thomas More St, London, E1W 1YZ

Bankers

National Westminster Bank plc, Commercial Banking Centre, 2nd Floor, County Gate 2, Stacey’s Street, Maidstone, Kent, ME14 1ST

Our local branch is:

Balham Branch, 128 Balham High Road, London, SW12 9AA

Finance

ExcluServ Limited, 133 Deepcut Bridge Road, Camberley, Surrey, GU16 6SD

Investment Managers

UBS AG, 5 Broadgate, London, EC2M 2QS

RBC Brewin Dolphin, London, 12 Smithfield Street, London, EC1A 9LA

Statutory Auditors

Haines Watts, Old Station House, Station Approach, Newport Street, Swindon, Wiltshire, SN1 3DU

Solicitors

Burness Paull LLP, 50 Lothian Road, Festival Square, Edinburgh, EH3 9WJ

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9. Structure, Governance and Management

9.1 The Role of Council

Council leads and controls the Electrical Industries Charity via the Managing Director to deliver the organisation’s aims and objectives and to set strategic direction and policy so as to uphold its mission, vision and values.

9.2 Council Responsibilities

In directing the affairs of the Electrical Industries Charity, ensuring it is solvent, well run and delivering the outcomes for which it was founded, Council’s strategic and leadership responsibilities (which cannot be delegated) are to:

9.3 Council Members and Their Statutory Responsibilities

The Council Members are responsible for preparing the Report of the Board of Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Operations Accepted Accounting Practice). Company law requires the Council Members to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Council Members are required to:

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The Council Members are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as Council Members are aware:

9.4 Appointment to Council

All appointments to Council are subject to approval by Council. Names are put forward either to fill a vacancy on Council which arises during the year; as part of The Electrical Industries Charity’s retirement processes (as set out in the Articles of Association); or to fill a skills gap in Council. Council considers those individuals whose skills and experience meet the needs of the organisation in the following (broad) areas:

A President may be appointed by Council for a period of three years or more. The President’s role is to chair Council meetings, to provide leadership and focus on the Electrical Industries Charity’s activities and to be the principal point of contact between Council and the Managing Director.

The President may be assisted by Vice President(s) in furtherance of the President’s role externally, but not necessarily on Council.

9.5 Council Members’ Training

Induction – a full pack of information relating to roles and responsibilities, strategic issues and reports on activities is given to new Council Members, together with one-to-one training and advice (usually by the Managing Director) as required.

Training can also be provided by:

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9.6 Subgroups of Council

President’s Group – To discuss and review proposals presented by the Managing Director and review and make recommendations to Council on specific issues.

The President’s Group comprises the President, Vice Presidents, Immediate Past President, up to two Council Members and the Managing Director when required.

Welfare Audit Group – This subgroup provides independent assessment of the quality and effectiveness of the Electrical Industries Charity’s welfare care programmes. The Welfare Audit Group met four times in 2024/25. Welfare Audit Group members during 2024/25: J. Ong (Chair), R. Jones, M. Dore, S. Mooney, D. Mouskovias, M. Small, and K. Rolfe.

Working Groups were set up during the year to provide specialist advice and support to the Managing Director and reports to the Council.

Fundraising Committee – The purpose of the Fundraising Committee is to derive strategies for maximising Charity presences within the industry, as well as develop, grow and champion fundraising initiatives to maintain and increase our fundraising income stream. The Fundraising Committee met once in 2024/2025. Members during 2024-2025 – E. Embleton, S. Gregory, A. Moseley, A. Sturgess, R. Scott, and J. Saunders.

Marketing Committee – The purpose of the Marketing Committee is to develop and implement strategies that enhance the Charity’s visibility and engagement within the industry. The Committee focuses on promoting fundraising initiatives, growing the Charity’s profile, and driving awareness to support the growth of fundraising income. The Marketing Committee met four times during the 2024/2025 period. Members during 2024-2025 – A. Chappell, A. Reakes and S. Gregory.

Finance, Business Planning, Investment, and IT – The purpose of the Finance Working Group (FWG) is to oversee the systems, controls and processes that may have an impact on the Charity’s ability to meet its objectives. This Working Group reports to the Council on matters regarding their financial responsibilities including financial risk management. Its role includes Budgeting and Financial Performance, Internal Financial Control and Financial Risk Management, Financial Reporting and External Audit, Reserves and Investments, and IT Strategy. Members during 20242025 – T. Appleton, A. Chappell, D. Gardiner, T. Lambeth, M. Leek, D. Olunlade and A. Reakes.

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9.7 Management and Staff

The Managing Director reports to and is accountable to the Council. This role oversees all operational aspects of the Charity’s activities and plays a key role in developing strategies and presenting recommendations to the Council for review and approval.

10. Accommodation and Facilities

The head office is based in London in Rotherwick House, 3 Thomas More St, London, E1W 1YZ. The building is with other industry trade associations.

11. Volunteers

The Charity has departmental functions for charitable (welfare) services, fundraising, and marketing, employing a team of 12 staff members. Financial processing and IT support are outsourced to ExcluServ and Euro-systems, respectively. Additionally, the Finance and Office Administrator manages the relationship with ExcluServ, supports the Managing Director, and handles other office administration duties.

The value of a dedicated volunteer base for the Electrical Industries Charity is immeasurable. All Council and subgroup Members are volunteers who invest substantial time and effort into the Charity’s activities. Additionally, the Regional Committees across England, Scotland, and Northern Ireland comprise over 100 active volunteers who play a crucial role in raising funds and increasing awareness for the Charity.

----- Start of picture text -----
Jasmin Harrower
Senior Event
Liva Ivanova
Coordinator
Events Team Manager
Vanessa Adebisi
Terrence Nell
Kate Adamczyk Event Coordinator
Graphic Designer
Director of Marketing
& Business
Development
Daniel Lawson
Marketing Manager
Jess Vailima Grace Ellis Marcella McArthur
Managing Director Director Case Manager
of Welfare
Lucy Raemers
Case Manager
Desiree Edwards
Finance and Charlene McKay
Administration Officer Support Administrator
----- End of picture text -----

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12. Fundraising

12.1 Fundraising Approach

We use a range of fundraising methods to efficiently gather funds from multiple sources, increase awareness of our mission, and provide supporters with convenient ways to contribute. These methods include face-to-face engagement at industry events, sponsorship, powerLottery, email campaigns, online and press advertising, legacies, and corporate partnerships. Most individual contributions are facilitated through online platforms such as Enthuse and Just Giving.

12.2 Fundraising Standards

We are members of the Institute of Fundraising (IOF) and the Fundraising Regulator, and as such abide by the Code of Fundraising Practice as well as the rulebooks for event fundraising. We abide by the Fundraising Regulator’s Fundraising Promise, and strive to ensure our fundraising is open, honest, legal and respectful. We have an ‘opt-out’ model of freely given, specific, informed, unambiguous consent for any email marketing only done at Charity or trading company-run events.

At every event organised by either our trading subsidiary or the Charity, our in-house fundraising team is present, working alongside regional committee members to connect with potential supporters. These conversations often inspire individuals to undertake their own challenge or fundraising activities, generating significant income that directly supports people facing challenging times within our industry.

All regional committees acting on our behalf are required to adhere to our fundraising standards. To maintain transparency, we provide each committee with quarterly reports detailing regional income and expenditure.

We do not engage professional fundraising organisations and have no plans to do so in the future. Instead, we partner strategically with a number of corporate supporters who contribute through financial donations, in-kind support, and employee or customer fundraising initiatives. Additionally, we receive one-off support from companies, particularly through challenge-for-a-cause appeals.

12.3 Fundraising on Our Behalf

As an industry charity, we rely on our members to volunteer and lead fundraising efforts on our behalf. These volunteers engage with the industry at various events, discussing appropriate and proportionate ways to support our cause. Each year, we collaborate with 12 regional committees across the country to help achieve this goal.

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12.4 Monitoring of Fundraising Activities and Protecting People in Vulnerable Circumstances

We have robust policies, endorsed by our Board of Trustees, that govern all fundraising activities, whether conducted internally or through our regional committees. To maintain oversight, we produce regional reports monitoring both our in-house teams and regional fundraisers, including the conversations they hold with supporters and industry members. This process involves thorough monitoring, regular communication with our fundraising staff, and a clear policy for handling complaints and implementing remedial actions.

12.5 Complaints

We maintain a robust and well-established complaints procedure. During 2024–2025, we received no complaints from industry members related to our fundraising activities. Furthermore, there were no incidents of failures or breaches to report, including any complaints or violations referred to and upheld by the ICO or the Fundraising Regulator.

Our goal is to ensure that every potential supporter feels informed, genuinely appreciated, and inspired by their interaction, regardless of the outcome. We are committed to treating the industry with sensitivity and respect, particularly safeguarding those who may be vulnerable. Our in-house trained fundraisers are equipped to recognise signs of vulnerability and understand the steps required if concerns arise.

This approach has been developed in consultation with our specialist welfare team and complies with the Charities (Protection and Social Investment) Act 2016, the Mental Capacity Act 2005, and the Institute of Fundraising’s Treating Donors Fairly Guidance.

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13. Looking Ahead to our 120[th] Anniversary

As we approach this significant milestone, we remain committed to being a leading provider of impactful solutions, while staying true to our century-long dedication to the well-being of our industry. Our focus for the year ahead is guided by the following priorities:

----- Start of picture text -----
AWARENESS
----- End of picture text -----

BUILD Develop, engage, and grow the communities that support our mission.

COMMUNITY Identify, understand, and provide tailored support to those who need us most.

Expand recognition and understanding of the Charity’s work across the industry.

----- Start of picture text -----
PROCESSES PARTNERSHIPS
ys
Continuously streamline and Forge meaningful collaborations in
review operations to ensure key areas to better serve
efficiency and relevance. our community.
----- End of picture text -----

REACH ADAPT ~~2 1~~ ea Extend our impact into all sectors Evolve our offerings in line with of the industry. emerging needs, industry changes, and economic trends.

----- Start of picture text -----
Continuously streamline and
review operations to ensure
efficiency and relevance.
----- End of picture text -----

Together, these priorities will ensure we honour our heritage while building a stronger, more connected future for all those we serve.

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14. Trustees’ Financial Review

14.1 Financial Position

The financial statements incorporate the results of the trading subsidiary, Electrical Industries Trading Company Limited, along with the subsidiarymanaged powerBall and all regional industry events. Total income increased from £2.241 million in 2023/24 to £2.787 million in 2024/25, driven primarily by cost-saving initiatives, diverse fundraising activities, and an emphasis on expanding individual fundraisers and industry-led activities. This growth highlights the Charity’s continued commitment to efficient resource management to support its mission and broaden its impact within the industry.

The basis of allocation is detailed in the accounting policies note on pages 67 to 69. It is important to note that while certain income streams are seasonal, costs are incurred consistently throughout the year.

----- Start of picture text -----
0%
6%
10%
28%
Gg/
10%
23%
23%
y
0%
4% /
4%
10% 29%
11%
f
18%
24%
----- End of picture text -----

Where money came from
Donations & legacies
Lottery proceeds
Regional committees events
powerBall
-		 23%
10%
28%
23%		 Income
£ 648,163
£ 291,265
£ 778,761
£ 632,014
Fundraising at HO 10% £ 264,746
Investment income
Other fundraising
Total
~~		 ~~
~~=~~

How we spent the money Expenditure Other fundraising 29% £ 722,303 Support, helpline, advice & info 24% £ 589,444 Regional committees events 18% £ 434,032 powerBall 11% £ 256,323 | Direct financial assistance 10% £ 250,572 ~~|~~ Governance and management 4% £ 105,842 Lottery prizes and administration 4% £ 104,357 [ Investment losses 0% £ 0 ioan Total £2,462,872

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14.2 Net Assets:

As of 31[st] March 2025, net assets rose to £5.010m, compared to £4.685m in March 2024. This increase was largely due to strong investment performance and an effective resourcing strategy.

2024/25 £5.010m

2023/24 £4.685m

2022/23 £4.547m

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15. Investment Strategy

15.1 Guiding Principles Shaping Our Investment Approach

Forward-Looking Mindset:

The Electrical Industries Charity, overseen by dedicated Trustees, aims to provide assistance to individuals within the electrical industries during times of need. Our financial goal is to nurture genuine value growth in our investment portfolio while generating a consistent and sustainable return. This approach enables us to address income gaps and uphold our commitment to maintain grant giving at 25% of total income or higher.

Inflation Measures and Investment Portfolio:

With an investment portfolio of around £4.3 million as of 31 March 2025 managed by RBC Brewin Dolphin, our target is to allocate grants ranging between £250k and £350k per annum. The extent of grants may vary based on financial grant applications and investment performance.

Decision-Making Process and Collaboration:

The Trustees have delegated investment decision-making authority to the Finance Working Group (Committee) and engage with quarterly reviews with our investment manager. This collaborative approach ensures informed and strategic decisions aligned with our objectives.

15.2 Investment Objectives:

Optimal Financial Returns:

Our primary objective is to achieve returns consistent with moderate risk tolerance and long-term sustainability.

Sustained Long-Term Growth:

Target a long term return of inflation (as measured by the CPI) plus 3% per annum after fees over five year rolling periods. This approach is intended to at least preserve the real value of assets while funding annual expenses and grants.

Total Return Approach:

We adopt a total return approach, generating investment returns from both income and capital gains. In instances where the total return falls short of the income required, the charity will access capital from the investment portfolio on a controlled basis.

Our main focus is on sustaining the real value of the Charity's investments over the long term.

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15.3 Risk Management:

Effective Risk Allocation:

Our risk management strategy aims to allocate risk where it can be effectively managed. The appointment of an Independent Financial Advisor and our partnership with RBC Brewin Dolphin are integral to our risk mitigation approach. RBC Brewin Dolphin are tasked with delivering net returns of 3% per annum.

The investment manager proposes a diversified strategic mix aligned with objectives and risk appetite. The FWG reviews ranges at the quarterly review meetings. As at November 2025 the strategic allocation followed RBC Brewin Dolphin’s risk level 5 (which adopts the following high level allocations : 25% fixed income, 52.5% equity, 20% alternatives and 2.5% cash) This risk profile is reviewed periodically and adjusted dependent on market conditions.

Tolerance for Volatility:

While the Charity is willing to tolerate capital value volatility, the priority is to ensure that we meet our commitments through sustainable income or liquid capital assets.

15.3.1 Diversified Investment Portfolio:

Wide Range of Investments:

Our invested assets are strategically diversified across various asset classes, managers and securities. This ensures a well-rounded investment approach that aligns with the Charity's long-term sustainability.

Collaborative Portfolio Review:

RBC Brewin Dolphin, our Investment Manager, collaborates with the Finance Working Group to establish an appropriate asset allocation strategy that aligns with our overall investment objective. The Finance Working Group provides guidance to RBC Brewin Dolphin regarding cash-flow needs quarterly.

15.4 Leverage

Leverage:

The Charity does not employ leverage at the portfolio level.

Secured Loan Facility

The Charity operates a Lombard loan facility secured against the portfolio and intended to be used to finance deficits where market conditions are not favourable for disinvestment. The value of the Lombard loan facility is £500k, and no funds have been drawn from it as of the date of writing of this report.

15.5 Currency and Liquidity Management:

Base Currency and Non-Sterling Investments:

Our base currency for the investment portfolio is sterling. Depending on market conditions, non-sterling investments may be considered, with hedging permitted to manage currency risk.

Portfolio allocations are monitored focussing on three main aspects:

Portfolio tolerances +/- 7.5% around tactical asset allocation.

Portfolio concentration A single holding is restricted to no more than: 7.5% invested in anyone direct equity or corporate bond 10% in any gilt or non-UCITs pooled fund 12.5% in any investment trust 20% in any UCITs pooled fund 25% in a structured product

≥5%in weight of investments with a BRM of ≥50% in higher risk holdings Max 20% exposure within a portfolio to one issuer

Portfolio risk Looks at overall portfolio risk as measured by the estimated tail loss. For RBC BD’s risk level 5 this is set within a range of 5.9% to 12.9%

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15.6 Liquidity and Grant Funding: Adequate Liquidity:

To ensure operational flexibility and timely grant distribution, the Charity maintains sufficient liquidity by holding at least 25% of assets in investments that can be realised within three months. Additionally, a minimum of 4% of the portfolio is retained in cash or near-cash instruments to meet short-term cashflow requirements.

Preservation of Capital Value:

Considering potential capital value volatility, the Charity aims to retain one year's worth of budgeted grant making in liquid investments. Additionally, a minimum of 4% of the total investment portfolio will be kept in cash or near cash investments at all times.

15.7 Long-Term Focus: Uninterrupted Existence and Long-Term Horizon:

The Charity is structured for continual existence, and our investments are managed to uphold our investment objective and ensure long-term sustainability. Our investment strategy adopts a decade-long horizon, with a focus on the next 10 years to achieve certainty and continuity.

15.8 Environmental, Social and Governance:

In assessing Environmental, Social and Governance (ESG) risks the following criteria should be taken into account: environmental responsibility, social responsibility, corporate responsibility and community impact.

16. Staff & Trustees:

a) Remuneration

The salaries of all staff members undergo an annual review and are typically increased in alignment with average earnings. Given the unique nature of the Charity's operations, the Trustees reference pay levels in other benevolent associations and similar-sized charities, taking into account industry experience. The remuneration benchmark corresponds to the midpoint of the salary range for comparable roles, with potential adjustments of up to 25% for additional responsibilities. In cases where recent recruitment efforts have proven challenging, a market adjustment may also be applied, ensuring that the maximum pay does not exceed the highest benchmarked salary for a similar role.

b) Trustees

Trustees claimed reimbursement of £203 for travel and accommodation expenses during the fiscal year 2024/2025 (in 2023/2024, £129 was disbursed for travel and accommodation expenses). These expenses were related to subsistence incurred while attending meetings in their official capacity. As allowed by the articles of association, the Trustees are covered by a qualifying third-party indemnity provision, as outlined by Section 234 of the Companies Act 2006. This provision was in effect throughout the previous financial year and continues to be in effect. The Charity procured and upheld Trustees’ and Officers’ liability insurance throughout the year, covering both the organisation and its Trustees.

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17. Financial Health

The Council is confident that the organisation has adequate income streams and reserves to support its current and planned welfare activities without compromising its financial stability. The Council aims to utilise savings accounts in 2025/2026 to optimise cash funds, ensuring more resourceful financial management. By placing surplus funds in interest-bearing accounts, the Charity maximises returns on idle cash, enhancing overall financial flexibility while safeguarding liquidity for future initiatives.

17.1 Principal Funding Sources:

The primary avenues of funding encompass:

17.2 Reserves Policy:

The Council has implemented a strategy that emphasises maintaining an appropriate level of unrestricted reserves, equivalent to 24 months' worth of overall expenditure. As of 31 Mar 2025, the reserves held were close to the reserves target, being just 2.6% above the target. The strategy aims to enhance the Charity's operational capacity by utilising the existing reserves to support expansion initiatives.

17.3 Designated Funds:

Designated funds are part of unrestricted funds which Council have earmarked for particular projects, without restricting or committing the funds legally. The designation may be cancelled by the Council if they later decide that the Charity should not proceed or continue with the project for which the funds were designated.

17.4 Auditors:

In accordance with the Companies Act 2006, it is proposed to re-appoint Auditors in the March 2026 Board Meeting.

EIC ANNUAL REVIEW 24-25 59

60

Independent Auditors’ Report to the Members of The Electrical Industries Charity Limited

Opinion

We have audited the financial statements of the Electrical Industries Charity Limited (the ‘parent charitable company’) and its subsidiary (together ‘the group’) for the year ended 31 March 2025 which comprise the group Statement of Financial Activities, group and parent charitable company Balance Sheets, group Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies.

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.

We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material

misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the

Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement set out on page 46, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

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Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

We obtained an understanding of the legal and regulatory framework applicable to both the charity itself and the environment in which it operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience and through discussion with the directors and other management.

The most significant were identified as the Companies Act 2006, UK GAAP (FRS102), Charity SORP, Charities Act 2011 and relevant tax legislation.

We considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statements. Our audit procedures included:

Despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in

the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

EIC ANNUAL REVIEW 24-25 63

Use of Our Report

This report is made solely to the charitable company’s members and trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s [members and its trustees those matters we are required to state to them in an auditor’s report and for no other purpose.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members and trustees as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Martin Gurney FCA (Senior statutory auditor)

for and on behalf of Haines Watts Swindon Limited, Statutory Auditor Chartered Accountants Old Station House Station Approach Swindon Wiltshire SN1 3DU

Haines Watts Swindon Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

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THE ELECTRICAL INDUSTRIES CHARITY LIMITED GROUP STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

There are no other realised gains and losses other than those shown in the above Statement of Financial Activities.

All incoming resources and resources expended derive from continuing activities. The notes on pages 60 to 63 form part of these financial statements.

INCOME Notes Unrestricted Restricted 2025 2024
Funds Funds Total Total
£’000 £’000 Funds Funds
Income from: £’000 £’000
Donations and legacies 2 648 - 648 450
Trading activities at Branches
Trading activities at Head Office		 3 216
494		 -
-		 216
494		 234
371
Trading activities from subsidiary 5 1,256 - 1,256 1,177
Investments 4 144 - 144 116
Other income 7 - 7 19
------------- --------------- ------------- -------------
Total income 2,765 2,765 2,367
EXPENDITURE
Raising funds 6
Raising funds at Branches
Raising funds at Head Office		 84
630		 -
-		 84
630		 101
310
Raising funds by subsidiary 862 - 862 847
Charitable activities 6
Support, advice and helpline 456 - 456 791
Financial assistance (grants) 251 - 251 270
Other charitable costs 6 74 - 74 108
Other Costs
Other governance 6 106 - 106 88
------------- -------------- ------------- -------------
Total expenditure 2,463 - 2,463 2,515
Net gains/(losses) on investments 22 - 22 286
------------- -------------- ------------- -------------
NET INCOME / (EXPENDITURE) 324 - 324 138
Transfers between funds - - - -
--------------- --------------- --------------- ------------
NET MOVEMENT IN FUNDS 324 - 324 138
RECONCILIATION OF FUNDS
Total funds brought forward		 4,685 - 4,685 4,547
TOTAL FUNDS CARRIED FORWARD 18 -----------------
5,009
========		 ---------------
-
======		 ---------------
5,009
=======		 --------------
4,685
=======

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THE ELECTRICAL INDUSTRIES CHARITY LIMITED GROUP AND COMPANY BALANCE SHEET AS AT 31 MARCH 2025

COMPANY NUMBER: 2726030

2025 2025 2024 2024
Notes £’000 £’000 £’000 £’000
Group Charity Group Charity
FIXED ASSETS
Tangible assets 10 16 16 20 20
Investments 11,12 4,298 4,298 4,276 4,276
Programme-related investments 13 25 25 58 58
------------- ------------- ------------- ---------------
4,339 4,339 4,354 4,354
CURRENT ASSETS
Debtors 14 534 478 288 406
Cash at bank and in hand 1,010 754 1,083 820
-------------- ------------- --------------- ---------------
1,544 1,232 1,371 1,226
CREDITORS: Amounts falling due
within one year 15 (874) (562) (1,040) (895)
-------------- ------------- --------------- ---------------
NET CURRENT ASSETS 672 670 331 331
------------- -------------- -------------- --------------
NET ASSETS 5,009 5,009 4,685 4,685
======= ======= ======= =======
ELECTRICAL INDUSTRIES
CHARITIES’ FUNDS
Restricted 19 - - - -
Unrestricted 18 5,009 5,009 4,685 4,685
------------- ------------- ------------- -------------
TOTAL FUNDS 5,009 5,009 4,685 4,685
======= ======= ======= ======

Approved and authorised for issue by the Members of Council on 25 November 2025 and signed on its behalf by:

President and Council Member Vice President and Council Member

The notes on pages 60 to 63 form part of these financial statements.

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THE ELECTRICAL INDUSTRIES CHARITY LIMITED GROUP CASH-FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

COMPANY NUMBER: 2726030

2025 2024
Notes £’000 £’000
(as restated)1
Cash flow from operating activities 20 (183) 271
Cash flow from investing activities
Payments to acquire tangible fixed assets (5) (9)
Receipts from sale of investments 29 27
Management fees paid (29) (29)
Interest received 16 2
Dividend income 99 87
------------- -------------
Net cash flow from investing activities 110 78
------------- -------------
Net increase/(decrease) in cash
and cash equivalents		 (73) 349
Cash and cash equivalents at start date 2024 1,083 734
------------- -------------
Cash and cash equivalents at end date 2025 1,010 1,083
------------- -------------
Cash and cash equivalents consists of:
Cash at bank and in hand 1,013 1,083
Overdraft (3) -
------------- -------------
Cash and cash equivalents at end date 2025 1,010 1,083
------------- -------------

1 The comparative balances have been restated to correct elimination of non-cash items and presentation of balances between operating and investing activities.

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THE ELECTRICAL INDUSTRIES CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

(a) Basis of accounting

The Electrical Industries Charity Limited is a company limited by guarantee in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 63 of these financial statements. The nature of the charity’s operations and principal activities are explained in the Trustees Report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2001, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements are prepared under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £’000.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

There are no material uncertainties regarding the group’s ability to continue as a going concern.

(b) Consolidation

The Electrical Industries Charity Trading Limited is a wholly owned subsidiary of the charitable company. Accordingly the results of the subsidiary are consolidated on a line by line basis into these financial statements. The charitable company has taken advantage of section 408 of the Companies Act 2006 to not publish its own Statement of Financial Activities.

(c) Branch Accounting

The financial statements include the assets and accumulated funds, and the income and expenditure of the branches and is accounted for centrally.

(d) Income and expenditure account

An income and expenditure account has not been prepared as the operating surplus would be identical to that shown by the statement of financial activities as shown on page 64.

(e) Income

Income is accounted for on the following basis:

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1. ACCOUNTING POLICIES (CONTINUED)

(f) Resources expended

Expenditure including irrecoverable VAT is charged to the Statement of Financial Activities on an accruals basis.

Charitable Activities

Expenditure on charitable activities comprises those costs directly attributable to the activities including grants, the administration of grants, the promotion of the charity’s charitable services and the provision of advice and support. Included within charitable activities expenditure is an appropriate allocation of support costs (see below).

Governance

Governance costs include the costs of complying with the Companies Act, the Charities Act and meeting the information and compliance requirements of the Charity Commission. These costs include the preparation and audit of the annual report and financial statements. Governance costs also include the estimated cost of preparing the information required by the Trustees to manage the charity’s affairs.

Support costs

Support costs comprise costs such as administration, finance, IT and general management which are necessary to the delivery of the activities of the charity but are not directly attributable to a given activity. Support costs are allocated as follows:

Governance 10%
Activities at branches 10%
Charitable activities 60%
Fundraising 10%
Other charitable costs 10%

Grants

Grants expenditure includes the payment of monetary grants to beneficiaries and expenditure made in providing beneficiaries with goods and services. Grant expenditure is recognised once the award of a grant has been approved and communicated to the recipient on the basis that the charity is at that point morally obliged to pay the grant.

(g) Tangible assets

Fixed assets are recorded at cost. Depreciation is calculated at rates estimated to write off the cost of assets over their estimated useful lives. The annual rates in use are:

Computer equipment – 25% straight line

(h) Donated assets

Donated assets are included in fixed assets at an estimate of their value to the charity at the date of receipt.

(i) Investments

Fixed Asset Investments are included at market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activity

(j) Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Further details are given in note 6.

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1. ACCOUNTING POLICIES (CONTINUED)

(k) Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2. DONATION INCOME

2. DONATION INCOME
Restricted Unrestricted
Funds Funds 2025 2024
£’000 £’000 £’000 £’000
Donations by:
Appeals
Companies
Individuals		 -
-
-		 20
284
243		 20
284
243		 29
245
95
Gifts in kind - 101 101 70
Legacies - - - 11
------------ ------------ ------------ -----------
- 648 648 450
====== ====== ====== =====

Of the 2025 income £nil related to restricted funds (2024: £nil)

3. TRADING ACTIVITIES AT HEAD OFFICE

Restricted Unrestricted
Funds Funds 2025 2024
£’000 £’000 £’000 £’000
Annual Ball (powerball)
Lottery income
Other functions		 -
-
-		 30
291
173		 30
291
173		 25
309
37
------------ ------------ ------------ -----------
- 494 494 449
====== ====== ====== =====

Of the 2025 income £nil related to restricted funds (2024: £nil)

70

4. INVESTMENT INCOME

4. INVESTMENT INCOME
Restricted Unrestricted
Funds Funds 2025 2024
£’000 £’000 £’000 £’000
Interest on deposits and bank accounts
Investment income		 -
-		 16
128		 16
128		 2
114
------------ ------------ ------------ -----------
- 144 144 116
====== ====== ====== =====

Of the 2024 income £nil related to restricted funds (2023: £nil)

5. ACTIVITIES FROM SUBSIDIARY UNDERTAKING

2025 2024
£’000 £’000
Turnover 1,256 1,177
Cost of sales and administration costs (874) (859)
------------ -----------
Net profit / (loss)
Amount gift aided to the Charity
Retained by the subsidiary		 382
382
-		 318
318
-
====== =====
Assets
Liabilities		 (1,063)
(1,063)		 1,040
(1,040)
------------ ------------
Net assets / (liabilities) - -
====== =====

The wholly owned trading subsidiary The Electrical Industries Trading Company Limited pays all its profits to the Charity under the gift aid scheme.

6. EXPENDITURE

Direct Other Allocated Total Total
staff direct support costs costs
costs costs costs 2025 2024
Fund raising:
Fund raising by branches
Fund raising by Head Office
Fund raising by subsidiary		 £’000
-
97
137		 £’000
68
517
725		 £’000
16
16
-		 £’000
84
630
862		 £’000
101
310
847
Charitable activities:
Support, advice and help line services
Financial assistance (grants)
Other charitable costs		 306
-
-		 54
251
58		 96
-
16		 456
251
74		 791
270
108
Governance and management costs - 90 16 106 88
------------- ------------- ------------- ------------- --------------
540 1,763 160 2,463 2,515
====== ====== ====== ====== ======

(£100k (2024: £48k) of salary costs are included in allocated support costs)

(£100k (2024: £48k) of salary costs are included in allocated support costs) (£100k (2024: £48k) of salary costs are included in allocated support costs) (£100k (2024: £48k) of salary costs are included in allocated support costs)
Support costs were as follows: 2025 2024
£’000 £’000
Information technology
Premises and facilities
Accountancy and finance costs
Other costs		 15
12
31
102		 19
26
29
25
-------------- -------------
160 99
======= =======
Total expenditure for the year includes:
Audit fees 17 13
Depreciation 8 7
======= =======

EIC ANNUAL REVIEW 24-25

71

7. STAFF COSTS AND NUMBERS

2025 2024
Total remuneration of employees was: £’000 £’000
Salaries 632 686
Social security costs
Pension contributions		 67
48		 71
44
------------- ------------
747 801
====== ======

One employee in 2025 received annual remuneration in the band of £90,000 - £99,999. (2024: one employee in the band of £80,000 - £89,999).

In addition, £15,163 was received in total from ten trustees for delegate and ticket fees, donations and raffle monies (2024: £5,936)

8. COUNCIL MEMBERS REMUNERATION

No fees are paid to Council Members for their fees, donations and raffle monies services as Board Members. Directly incurred (2024: £5,936) expenses are reimbursed, if claimed. £203 of trustee expenses were claimed by three trustees 9. PARENT CHARITABLE COMPANY for council and sub-committee expenses in 2025. The unconsolidated surplus of the parent (2024: £129 paid to 1 trustee for reimbursed charitable company for the year was travel expenses). £100 lottery prize was paid to £324k (2024: £138k). one trustee (2024: £250 was paid to one Trustee).

Included in salary costs is £nil (2024: £41k) of redundancy payments.

The average number of employees during the year based on full time equivalents was 12 (2024: 12) They were engaged in the following activities:

Number Number
Management
Support, advice and helpline services
Fundraising
Business development
Finance and administration		 1
4
3
2
1		 1
4
3
2
1
Graphic designer 1 1
------ ------
12 12
=== ===

The charity operates a defined contribution scheme for its staff. Pension contributions for the year amounted to £48k (2024: £44k).

Key management remuneration

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £336,579 (2024: £406,788).

11. INVESTMENTS – CHARITY

10. TANGIBLE ASSETS

Cost or valuation Computer
Equipment
£’000		 Total
£’000		 Investments held
Market value at 31 March 2024		 2025
£’000
4,276		 2024
£’000
3,990
At 1 April 2024
Additions		 63
5		 63
5		 Unrealised investment gains/(loss) 22 286
Disposals (9) (9) Cash (disinvested)/invested - -
------------- ------------- ------------- -------------
At 31 March 2025 59
-------------		 59
------------		 Market value at 31 March 2025 4,298
-------------		 4,276
------------
Depreciation
At 1 April 2024
Charge for the year		 43
8		 43
8
Disposals (8)
-------------		 (8)
--------------		 Market value comprises
At 31 March 2025 43 43 Bonds 1,156 1,432
------------- ------------- Equities 2,399 2,037
Net Book Value
At 31 March 2025		 16
======		 16
=======		 Alternative Assets
Cash		 193
31		 474
158
At 31 March 2024 20 20 Other 519 175
====== ======= ------------ --------------
Market value at 31 March 2025 4,298 4,276

No fixed assets are held by the trading subsidiary.

72

12. INVESTMENTS – GROUP

2025 2024
£’000 £’000
Investments – as above 4,298 4,276
Investment in subsidiary -
-------------		 -
-------------
4,298
------------		 4,276
------------

The charity holds 100% of the issued share capital of The Electrical Industries Trading Limited, a company registered in England and Wales (registration number 09237982). The trading subsidiary administers the annual Powerball Event along with other industry events.

13. PROGRAMME-RELATED INVESTMENTS – GROUP

Loans were made to beneficiaries at nil or bank base interest rates when the financial circumstances of the beneficiary and/or the purpose of the expenditure made a grant inappropriate.

2025 2024
£’000 £’000
Opening balances at 1 April 2024 58 90
Advanced in year - -
Redeemed in year
Provision against recoverability		 (12)
(21)		 (3)
(29)
------------- -------------
Closing balance at 31 March 2025 25 58
====== ======

Included in loans to beneficiaries are loans of £52,251 on which no interest is charged (2024: £63,372). During the year interest rates in the range of 0.5% to 2.33% (2024: 0.5% to 2.33%) were charged on the remaining loans.

Loans to beneficiaries of £36,485 (2024: £36,464) are secured by a charge on the borrowers’ residential property.

No programme related investments were held by the subsidiary.

14. DEBTORS

14. DEBTORS
Group Charity Group Charity
Amounts falling due 2025 2025 2024 2024
within one year £’000 £’000 £’000 £’000
Other debtors 431 45 180 19
Amount owed from group undertakings
- Intercompany account - 382 - 318
Prepayments and accrued income 103 51 108 69
------------ ------------ ------------ -------------
534 478 288 406
====== ====== ====== ======

15. CREDITORS

The intercompany account is unsecured, interest free, has no fixed date of repayment and is repayable on demand.

Amounts falling due
within one year		 Group
2025
£’000		 Charity
2025
£’000		 Group
2024
£’000		 Charity
2024
£’000
Trade creditors 48 21 51 9
Taxation and social security 78 48 96 114
Amount due to group undertakings - 370 - 577
Accruals and deferred income 748 123 893 195
------------- ------------- ------------- ------------
874 562 1,040 895
====== ====== ====== ======

Included in the above is deferred income at 31 March 2025 of £699,520 (2024: £853,407) for the group and £79,714 (2024: £162,517) for the charity, all of which will be released within the next accounting period.

An overdraft facility available with UBS was secured by a fixed charge over all assets held with them. This was closed in July 2024, and a new overdraft facility was set up with RBC in February 2025 which was secured by a fixed charge over all assets held with this.

The intercompany account is unsecured, interest free, has no fixed date of repayment and is repayable on demand.

EIC ANNUAL REVIEW 24-25

73

16. FINANCIAL COMMITMENTS – group

Total future minimum lease payments under operating leases are as follows:

2025 2024
£’000 £’000
- 30
- -
-
-------------
-
======		 -
-------------
30
======

Not later than one year (land and buildings) Later than one and not later than five years (other) Later than one and not later than five years (other)

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted
Funds
£’000		 Unrestricted
Funds
£’000		 2025
£’000		 2024
£’000
Tangible fixed assets - 16 16 20
Investments - 4,298 4,298 4,276
Programme-related investments
Current assets		 -
-		 27
1,544		 27
1,544		 58
1,371
Current liabilities - (874) (874) (1,040)
------------ --------------- ------------- --------------
Net assets at 31 March 2025 - 5,009 5,009 4,685

20. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025 2024
£’000 £’000
(as restated)1
Net surplus / (deficit) for year 324 138
Depreciation of tangible fixed assets 8 7
(Gains)/losses on investments (22) (286)
Beneficial loan provision 21 36
(Gains)/losses on sale of fixed assets 1 -
Investment income (144) (116)
Management fees paid 29 29
Movement in debtors (234) 88
Movement in creditors (166) 375
------------ ------------
Net cash flow from operating activities (183) 271

1 The comparative balances have been restated to correct elimination of non-cash items.

18. FUNDS

18. FUNDS
Net assets at 31 March 2025		 Net assets at 31 March 2025 - 5,009 5,009 4,685
2024 Income Expenditure Transfers 2025
£’000 £’000 £’000 £’000 £’000
General funds
Designated funds		 4,645
40		 2,787
-		 (2,463)
-		 40
(40)		 5,009
-
------------ ------------ --------------- ------------- --------------
4,685 2,787 (2,463) - 5,009
====== ====== ======= ======= =======

Income above includes £22k unrealised gain on investments.

21. CONTROLLING INTEREST AND RELATED PARTY TRANSACTIONS

The charity was under the control of the trustees throughout this and the previous period.

During the year, recharges were made to and from the subsidiary. All transactions were concluded at normal market conditions.

19. FUNDS (continued)

Restricted Funds

Designated funds – represents funds that were set aside to meet the costs of a welfare grant to be funded in 2024/2025.

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