2021-12-31-accounts - Lighthouse Construction Industry Charity

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		Page
Reference and Admlnislralive DetaRs
Report ofthe Trustees	2	to	12
Report ofthe Independent AudItors	13	to	15
Statement of Financial Activities		16
Balance Sheet		17
Cash Flow Statement		18
Notes to the Cash Flow Statement		19
Notes foIhe Rnancial Statements	20	to	30
Detailed Statement of Financial Aclivilies	31	to	32

TRUSTEES			SCarey (appointed	SCarey (appointed	1.10.21)	1.10.21)
			R H Devine
			N Dew)i
			L C Gallagher-	Co-Chair
			E Naylor —Co-Chair
			R OLoughlin (appointed			29.4.21)
			M B Roddy (resigned		29.7.21)
			R 8Smith (resigned 29.7.21)
			J Vezey
COMPANY	SECRETARY		W J Hill
REGISTERED	OFFICE		Suffolk Enterprise	Centre
			Felaw Maltings
			44 Felaw Street
			Ipswich
			Suffolk
			IP2 BSJ
REGISTERED	COMPANY	NUMBER	08244118(England and			Wales)
REGISTERED	CHARITY NUMBER		1149488
AUDITORS			Fortus Audit LLP
			Chartered Accountants			B,Statutory	Auditor
			31 High View Close
			Hamilton Office	Park
			Leicester
			Leicestershire
			LE4 9LJ
BANKERS			Lloyds Bank
			79 High Street
			Chesham
			Buckinghamshire
			HP5 1DE
SOLICITORS			Gordon Dadds
			80Brook Street
			Mayfair
			London
			WI K 5DD
INVESTMENT	ADVISERS		Brewin Dolphin
			12Smithfield Street
			London
			ECIA 9BD

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	funds
		Notes			E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		4	1,581,083		1,581,083	1,895,134
Charitable activlfies
Building Mental Health				217,781	217,781	183,461
Other trading activities		5	478.248		478,248	82,616
Investment income		6	5,832		5,832	3,010
Total			2,065,163	217,781	2,282,944	2,164,221
EXPENDITURE ON
Raising funds		8	796,022		796,022	352,395
Charitable acfivfiies
Building Mental Health Welfare 8Benevolence Education 8, Training Health LSafety Innovation Governance costs			551,901 230,084 59,421 32,952	233,191	233,191 551,901 230,084 59,421 32,952	138,633 397,381 100,804 87,000 25,750
Total			1,670,380	233,191	1,903,571	1,101,963
Net gains on investments			70.081		70,081	45,969
NET INCOME/(EXPENDITURE)			464,864	(15,410)	449,454	1,108,227
RECONCILIATION OF FUNDS
Total funds brought forward			2,153,026	71,110	2,224,136	1,115,909
TOTAL FUNDS CARRIED FORWARD			2,617,890	55,700	2,673,590	2,224,136

			2021	2020
		Notes
FIXED ASSETS
Tangible assets Investments		14 15	3.709 892.352	2,093 824,062
			896.061	826,155
CURRENT ASSETS
Debtors Cash in hand		16	356,055 1.865,064	389,955 1.398,640
			2,221,119	1,788,595
CREDITORS
Amounts falling due within one year		17	(443,590)	(390,614)
NET CURRENT ASSETS			1,777,529	1.397,981
TOTAL ASSETS LESSCURRENT UABIUTIES			2,673,590	2.224,136
NET ASSETS			2,673.590	2.224,136
FUNDS		20
Unrestricted funds:
General fund Sixmonth contingency	fund		2,367,890 250,000	1,903,026 250.000
			2,617,890	2.153,026
Restricted funds			55,700	71,110
TOTAL FUNDS			2,673,590	2,224,136

			2021	2020
		Notes	5	5
Cash flows from operating activiTies
Cash generated from operations		I	462,353	1,308,330
Net cash provided by operating activities			462,353	1,308,330
Cash flows from investing acNvlties
Purchase oftangible fixed assets Purchase offixed asset investments Sale offixed asset investments			(3,552) (491,035) 75,752	(2, 178) (115,068) 36,895
Cash transfened to investment portfolio Interest received			417,074 3	(422,263) 20
Dividends received			5,829	2,990
Net cash provided by/(used in) investing		activities	4,071	~499,604)
Change in cash and cash equivalents	in
Ihe reporting period			466,424	808,726
Cash and cash equivalents at Ihe
beginning ofthe reporting period			1,398.640	589,914
Cash and cash equivalents atthe end	of
the reporgng period			1,865,064	1,398,640

RECONCILIATION OF	RECONCILIATION OF	NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
				2021	2020
				E
Net income for the	reporRng		period (as per the Statement of
Financial AcRvtlles)				449,454	1,108,227
Adjustments for.
Depreciation charges				1,936	737
Gain on investments interest received Dividends received Decrease in stocks				(70,081) (3) (5,829)	(45,969) (20) (2,990) 1,959
Decrease/(increase) Increase in creditors		in debtors		33,900 52,976	(83,062) 329,448
Net cash provided	by operations			462,353	1,308,330

ANALYSIS OF CHANGES
	At 1.1.21	Cash flow	At 31,12.21
Net cash
Cash at bank and in hand	1,398,640	466,424	1,865,064
	1,398,640	466,424	1,865,064
Total	1,398,640	466,424	1,865,064

DONATIO	NS AND LE	GACIES
			2021	2020
				E
Donations			1,559,400	1,851.711
Gift aid			21,683	43,423
			1,581,083	1,895,134
Donations	and legacies
Regional	Lighthouse	Club Donations	182,912	456,085
Company	Donations		1,309,094	1,325,914
Individual	Donations		63,917	83,075
General	Donations		25,160	30,060
			1.581,883	1.895,134

OTHER TRA	DING AChVIIIES
				2021	2020
				K
Fundraising	events			478,248	82,616
Other trading activities
		Unrestricted
		funds	income	Direct event
				costs	Net income
			2021	2021	2021
Christmas	Lunch	409,565		(223,775)	185,790
Golf			10,392		10,392
Marathon			10,682		10,682
Rugby			18,100	(40.500)	(22,400)
Challenges	and other		19,966	(68,152)	(48,186)
Christmas	Raffle		9,543		9,543
Other trading activities		478.248		~332427)	145.821
		Unrestricted
		funds income		Direct event
				costs	Net income
			2020	2020	2020
Christmas	Lunch			(4,000)	(4,000)
Golf			8,726	(7,132)	1,594
Marathon			18,753		18,753
Rugby			41,894	(56,940)	(15,046)
Challenges Christmas	and other Cracker		13,243	(10,079) ~25.500)	3,164 ~25,500
Other trading activities			82,616	~)03,65)	~2).035)

						2021	2020
			Activity			E
Services	provided	under
contract			Building	Mental	Health	217,781	183,461

Raising donations	and legacies
		2021	2020
		E
Staff costs		530,565	319,794
Marketing		70,204	81,532
Other fundraising	costs	44,445	26,944
Direct event costs	)note 5)	332,427	103.651
Regional support		11,592	4,619
Office costs		61,508	66,956
Foreign exchange	loss	9,200	415
VAT correction			(98,180)
Depreciation		1.936	737
Less: expenditure	allocated to Welfare and Benevolence	)265,855)	)154,073)
		796.022	352,395

				Health	Total	Total
		Welfare B	Education	Safety
		Benevolence	BTraining	Innovation
		2021 f	2021 F.	2021 f	2021 f	2020 f
One off Grants		244,538			244,538	129,752
Monthly Grants		73			73	9,424
Welfare and
Benevolence	Office	265.855			265,855	154,073
Construction	Industry
Helpline		41,435			41,435	104,132
Education and Training
			463,275		463,275	239,437
Health and Safety
Innovation				59,421	59,421	87000
		551,901	463,275	59,421	1,074,597	723,818
Analysis by fund
Unrestricted	funds	551,901	230,084	59.421	841,406	585,185
Restricted funds			233,191		233,191	138633
		551.901	463275	59421	1,074 597	723818
Forthe year	ended 31
December 2020
Unrestricted	funds	397,381	100,804	87,000		585,185
Restricted funds			138,633			138,633
		397,381	239.437	87,000		723,818

10.	SUPPORT COSTS			Governanc costs E
	Governance costs			32,952
	Support costs, included	in the above, are as follows:
	Governance costs
			2021	2020
			Governance	Total
			costs	activities
	Auditors' remuneration		8,000	7,200
	Legal and professional	fees	11,640	4.300
	Trustee Meetings		5,691
	Management Fees		7,621	2.568
	Accountancy costs			11,682
			32,952	25,750
11.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated affer charging/(crediting):
			2021	2020
	Auditors' remuneration		8,000	7,200
	Depreciation -owned assets		1,936	737

STAFF COSTS
	2021	2020
Wages and salaries	473,925	287,638
Social security costs	43,028	25,317
Other pension costs	13,612	6,839
	530,565	319,794

The ave	rage monthly number ofemployees during t	he year was as follows:
		2021	2020
National	Office	7	4
Welfare	and Benevolence	7	4
		14

	The number of employees whose employee benef 860,000was:	its (excluding employer pension c	osts) exceede
		2021	2020
	560,001 - E70,000	1	I
14.	TANGIBLE FIXED ASSHS
			Computer
			equipment
			E
	COST
	At I January 2021		6,363
	Additions		3,552
	At 31 December 2021		9,915
	DEPRECIATION
	At 1 January 2021		4,270
	Charge foryear		1,936
	At 31 December 2021		6,206
	NET BOOK VALUE
	At 31 December 2021		3,709
	At 31 December 2020		2,093
15.	FIXED ASSET INVESTMENTS
			Listed
			investments
			E
	MARKET VALUE
	At I January 2021		824,062
	Additions		491,035
	Disposals		(75,752)
	Revaluations		70,081
	Cash deposits invested Other SoFA changes		(415,283) ~1,791)
	At 31 December 2021		892,352
	NET BOOK VALUE
	At 31 December 2021		892,352
	At 31 December 2020		824,062

FIXED ASSET	INVESTMENTS - continued
		2021	2020
Investments	at fair value comprise:	E	S
UK equities		164,925	87,192
Other equities		445.339	195,628
Property		23,889	7,111
Commodities		37,273
Bonds		99,958	55,050
Other investments		103,094	44,133
Cash		I7,874	434,948
		892.352	824,062

	Cost or valuati	on a	t 3	1 December 2021 is represented by:
						Listed
						investments
						E
	Cost					892,352
16.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2021	2020
						E
	Trade debtors				294,829	232,442
	Other debtors				18,980
	Prepayments	and accrued income			42,246	157,513
					356,055	389,955
17.	CREDITORS'.AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2021	2020
	Trade creditors				62,014	87,604
	Social security	and	other taxes		12,591	8,688
	VAT				12,284	20,955
	Other creditors					7,369
	Accruals				100,079	67,868
	Deferred income				256,622	198,130
					443,590	390,614

Minimum lease payments under non-cancellable ope	rating leases fall dve as follows:
	2021	2020
	E
Within one year	21,280	36,576
Between one and five years	54,391	60,777
	75,671	97,353

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
				E
Fixed assets		3,709		3,709	2,093
Investments		892,352		892,352	824,062
Current	assets	2,165,419	55,700	2,221,119	1,788,595
Current	liabilities	~443,590)		~443.590	~390,614)
		2,617.890	55,700	2,673.590	2,224,136

				Net
				movement	At
			At 1.1.21	in funds	31.12.21
			8	S	E
Unrestricted	funds
General fund			1.903,026	464,864	2,367,890
Six month contingency		fund	250,000		250,000
			2,153,026	464,864	2,617,890
Restricted funds
Building mental health			71,110	(15,410)	55,700
TOTAL FUNDS			2,224,136	449,454	2,673,590

Net movement in funds, included	in the above are as follo	ws:
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
		E	E
Unrestricted funds
General fund	2,065,163	(1.670,380)	70,081	464,864
Restricted funds
Building mental health	217,781	(233,191)		(15,410)
TOTAL FUNDS	2.252.944	~1303571	70,081	449,454

				Net
				movement	At
			At 1.1.20	in funds	31.12.20
					R
Unrestricted	funds
General fund			839.627	1,063,399	1,903,026
Sixmonth contingency		fund	250,000		250,000
			1,089,627	1,063,399	2,153,026
Restricted funds
Building mental health			26,282	44,828	71,110
TOTAL FUNDS			1,115,909	1,108,227	2,224, 136

Comparative net movement in fu	nds, included in the abo	ve are as follows	:
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
		E	E
Unrestricted funds
General fund	1.980,760	(963,330)	45,969	1,063,399
Restricted funds
Building mental health	183,461	(138,633)		44,828
TOTAL FUNDS	2,164,221	~1,101,963)	45,969	1,108,227

The remune	ration of key management personnel is	as follows:
		2021	2020
		E	3
Aggregate	compensation	125,519	115,932

				2021	2020
INCOME AND ENDOWMENTS
Donations and legacies
Donations				1,559,400	1,851,711
Giff aid				21,683	43,423
				1,581,083	1.895,134
Other trading activities
Fundraising events				478,248	82,616
Investment income
Income from listed investments				5,829	2,990
Interest receivable				3	20
				5,832	3,010
Charitable acllviffes
Services provided	under contract			217,781	183,461
Total incoming resources				2,282,944	2,164,221
EXPENDITURE
Raising donalions	and legacies
Wages				473,925	287,638
Social security				43,028	25,317
Pensions				13,612	6,839
Marketing				70,204	81,532
Other fundraising	costs			44,445	26,944
Direct event costs	(note 5)			332,427	103,651
Regional support				11,592	4,619
Office costs				61,508	66,956
Foreign exchange	loss			9,200	415
VAT correction					(98,180)
Depreciation oftangible		fixed assets		1,936	737
Less: expenditure	allocated		to Welfare and
Benevolence				~265,855)	~154,073)
				796,022	352,395
Charttable aclivilies
One off grants				244,538	129,752
Monthly grants				73	9,424
Welfare and benevolence			office	265,855	154,073
Construction industry helpline				41,435	104,132
Education and training				463,275	239,437
Health and safety	innovation			59,421	87,000
				1,074,597	723,818

			2021	2020
			S	K
Support costs
Governance costs
Auditors' remuneration			8,000	7,200
Legal and professional		fees	1 1,640	4,300
Trustee Meetings			5,691
Management Fees			7,621	2,568
Accountancy costs				11,682
			32,952	25,750
Tota( resources expended			1,903,571	1,101,963
Net income before gains		and losses	379,373	1,062,258
Realised recognised	gains and losses
Realised gains/(losses)	on fixed asset
investments			70,081	45,969
Net income			449,454	1,108227