REGISTERED COMPANY NUMBER: OV244118 (England and Wales) REGISIERED CHARITY NUMBER: 1149488 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBEIt 2tr23 FOR LIGHTHOUSE CONSTRUCTION INDUSTRY CHARETY (A COMPANY LIMifED by GUARANTEE) LIGHTHOUSE CONSIRVCIION INDUSTRY CHARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 21)23 Pag• R•f•mnc• and Admlnlslralhe Delals Roport ollhe Trustees 2 to 15 Report ol the Independenl Audllo 16 10 18 Stolemenl ol Finonclal Actfvmes 19 qlunce Sheel Cash Flow Stalemert 21 Notei to the Cosh Flow Slotemert 22 Nol•s lo FlTrgnclal St(ttements 23 10 34 Delalled Statement of Rnon¢lgl Acllvllles 35 to 36 LIGIITHOUSE CONSTrUCTION INDUSTRY CHARirY REFERENCE AND ADMINISTRATIVE D￿All5 FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEE5 S Carey (resigned 8.1.241 R H Deylne N Dewii Iresigned 27.4.231 L C Gallagher- Co-chair E Naylor- C¢>Chair R O'Loughlin J Vez8y I Carey (appointed 3.10.231 R Brown loppointed 27.4.231 J Conway loppoinled 27.4.231 COMPANY SECRETARY WJ Hill REG151ERED OFHCE Suttolk Enterprise Centre Felaw Mollings 44 Felow Street Ipswich Suffolk IP2 8SJ REGISTERED COMPANY NUMBER 8244118 IEnglond and Wales) REGISTERED CHARITY NUMBER 1149488 AUDIIORS TC Group 31 High Vi8w C105e Hamlton Office Pork Leicester Leice51ershYe LE4 9LJ ANKERS Lloyds Bank 79 High Street Cheshcm 8uckingham5hire HP51DE INVESTAIENT ADVISER5 RBC Brewin txjphin 12 Smithfield Street London ECIA9BD Page I UGHTHOUSE CONSTRUCTION INDUSTrY CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Iha trustees who ore dso direclots ol the charity for the PLxposes of the Componie5 Act 2CK)6, present Ihair report with the finoncial statements of the charity for th8 yèor ènded 31 December 2023. The trustees have odopled th& prOV￿lOn5 ol Accovnling and Reporting by Charilie5.' Statement of Recommended Practice opplicablè to chorities preparing th￿￿ occounts n accordan¢e wilh the ￿nanC￿l Reporting Stondard opplwble in the UK and Repubfic ol Irgland IFRS 1021 (effèctivè l Janucxy 20191. OBJECTIVES AND ACTIVlnES Our Hlslory Bock in 1956 a small group of irndivKJuols decided to do something obout the growing problem of construelion fomilies being thrown into povety as a result ol an illne$5. injury or death of the moin breadwinner. Followng an evenno out ond undemealh the flashing light of St fvlory's Lighth￿$*. fhey created the Light￿￿se Club. The obiecthve of Ihg Cljb was lo lundraise within o coLbgiule friend￿ enmronmenl and pas5 *tr￿se funds onlo inrfivithab and fomilies within the ctsn5truction industry who were in financial cri￿$ os a consequence ol ill heatth, injury. d￿abl1 ify or bgreovemen*. The ￿ght￿Ous& Club Benevolent Fund wos estoblished in 1962 as a reg￿tered charity to oct as a conduit betw&en the fundraising activities and the beneficKxie5 5UPPOrted. The ￿gh*houSe gymbol soon became a beacon of hopé for those wilhkn the industry suffering Considerable hardship ond o new charity was bom. Under Ihe'knghthovse Club banner the charity hos grown from slrenglh to strenoth ond now operales Ik*ovgh 21 ir(lependenl Regkxoj Clubs in Ihg UK cnd Ireland, along wilh a thriving overse05 community in Asia Pocific, Middle East, Europe oncl th& Americas. All ol our Regional Lighthouse aubs ore run by volvnteefj who give up t￿[ lim& lo organi5e locol ngfworking events lo roise much needed fiJnd5 to deliver OLW charitablts work. Durk)g 2012 th w05 agreed Ihot the Lighthouse C￿b and the Lighthouse Ckjb Benevolent Fund should bts merged into a new chorily called the Lighthous& Conslructvn Industry Chorily. kn doing so the charity would goin more Ikxibility in the pursuit ol its choritable objects and gun a mofe slrgomlined governanc• and rgporting struclure. Th15 charlty w05 incorporoled on 8 October 2012 and conwrenced operation5 on I January 2013. On 31 October 2013 the charity mergecl the asset5 of Ihe Nottonol ￿gh*hoUse Club. This orgonisalion wtss on vnincorporaled 0550ciation and up until merger performed thè govemonce and admIn￿tratIOn function5 for the Lighthouse Club membership and the Regional Llohthovse Clubs. On 31 December 2013 the charity. with the penrission of th& Chorty Commission, also marged th8 assets of Ihe Lighthouse Clvb 88n8volenl FuT)d Charity Ichorfty number 2056701. Qur Mlsslon The charity a￿Sts to ddiver the followlng services lo the Conslrmlion Community of the UK and treland.. To relieve hordship ond stress omongsl the conslrvction community by.. Promdiro financd ossistonce. welfare and wellbeing ad¥￿e ond emolional l&gol 5UPPOrt,' Promoling initiatives oimed at avoiding accidents end improving safety on consfwction sites., Supporting educationol iniliotive5 aimgd ot improving employmant Conditions and career oppt)rtunili wilhin th8 cons*nJclion industry.. Svpporting and delvering locol and notional events thal embrace nelworking. fundioising end fellowship wilhin the construction indLJStry.' and Supporting other purpo$8s wliich are chorTlable under fhe l¢Jw of Engbnd and Wole5 and which the tIV51ee5, crt their discretion. considw appropriole from time to time. Page 2 LIGHTHOUSE CONSTItVCTION INDUSTRY CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 21Y23 OJJECTIVE5 AND ACTIVITIES How w• rals• f>vrfunds The chority ha5 ffve primary income sources: l. Ev•nts We lundroise through the defivery ol ovents which are 0150 usèd to recwit new members. These range from sporting dinners, corporate golf d¢ys ond glamorou5 dinner donces to once in a Iletime" physical challenges. A$ o resull the chority has lo conslonlly organi%e evenls, pay foi mcJrk8ting, poy for vgnues. focilitig5. enlertainm•nl, hospitality and other r850urces reqvired to deliver quality events. Our objective Is ahvays lo moximise the fvnd5 generated by all our events but inevilobly significont tos15 can ￿ incurrèd. The va51 mojorily of our events are run by R8giorKJI ￿gh*hOUSe Clubs whose dedicali)n and commitment are al the h80rt of the charity. The cost of running the Reglonol Lighthouse Club events ore not shown ￿ the onnvol accounts as they run outonomtsusly from the chority. In occordance with occounlng slandords, the costs ol evenls org shown in expenditure Separate from the income for all central chority events. As a resvlt. the operational cost base of lh• Ch¢￿tY oppears Inlloled when compared lo charit￿$ that rety on donations and legacy income. 2. M•mbetshlp sybs¢WIo￿* Al our ever)tg w8 encouroge participan15 to become Members of thè Lighthousè Club. Wè enjoy thè support of over 3.0(K> individual supporters who donale on onnuol subscription to the charity. Ixr SVPWrte￿ do not accru6 ony bon¢fits n¢y do they have ony voting righ15 on the operotion ol Ihe chtsily. 3. Corporale Engagemert The Ihrd key or¥0 ol income comes from engogernent with the corporate community. In Seplember 2018 th6 chority lounched o compaign to engage componi&s in the construction sector to become company supporters. This requires a c<)mp¢ny to commit to on annual donation- commencing from £250- to provide onnuity inromg lor the ch(rrity. A5 al 31 December 2023, 623 componies hod pledged onnuol support amounting lo £1,031.882. 12022.. 510 componies pledged £807,OQ)I. We olso hove a programme to encouroge componies to support the charity through their own onnual fun(*asing inltiotive- colltrd "Lighthouse Doy 4. Trvsh, Fourtdo11oM ond Legacles The chority doe5 not benefit from put41¢ sector funding. Fvnd5 raised lo dale have been through rggional and central èvènts and hove rèlied L4X*I the support of private individua15 gfKI thg business Cgmmunity. 5. Donated Goods and Servkes The chority receNes donotions of goods and services from both corporole and indivKluol 5UPPQrt8r5. Those items are oflen repoekogtsd auction at OLK chailable events. Fundroblng The charity ￿ regigtered with the Fundroi5ing Regulator. Although ttte chortty occepti donotions from noti¢nol and locgl grgoni50tions and yivate indivKluals, the charity does not run fundr0i5iw campaigns or use third porties to roise funds on our behalf. We do not approoch individvols in person, by email, le￿phone, soc￿1 media or post to seek dorKJtion5. We have not receNed any complaint5 regorrfing fundraising. Pvbllc beneltt The truste65 hovg paid due regard lo guidance issued by the Chority Commission in deciding what octr¢ilies the chorily should undertake ond In p￿nn1rng ￿tUre octivtlie5. Charlluble prol•ch The charity ho5 three key charitable projects. thos¢ ¢re- Wellare and Ben•vol•nc• The charity provide5 a 2417 Conslrvclion Industry Helpline 10345 605 19561 and supporting website wrn.construclionindustryhelpline.com that prowKlès thè gateway *0 deliver.. Emergency Finonciol Aid lo the construction industry community in timès of cri515 fojbwing on ilne55, accident, injury or bereavement thot forces a fomity into a slate of poverty. Pag& 3 UGHTHOUSE CONSTrUCTIOM INDUSTRY CHARir¢ REPORT OF THE TRUSTEES Folf THE YEAR ENDED 31 DECEMBER 2023 O•JECIIVES AND ACTivinES Advice on a roroe of mottgr5 ncluding.. ental heolth ond welbeing ISSU￿ as an èmployee or employer., Support and ad*ice for sufferer5 Of stress and addiction related illness- • Admce on matler5 r(mgirtq from dworce lo employment Ithrough our partners Low Exwessl., Adv*e on specific tax reloled issues conceming employment within th• constrvclion indv5ty Ilhrough OLf partners RIFri.' Help to rngnage and reschedule debtr Help to Lnderstond Ihe benefits gystem ond entitlernent. especiolty if coring f¢x others.. and Support on career ¢honges. especially after accidènt or ￿)jUry Fxeventing relum lo work. EdvcolloTh and Tralnlng Inttlullves Finance for re-lroining within our sector con be occessed via the Conslrucffion Industry Helpline and is avail0b￿ lo anybody suffering fnonciol hardship or who hos suffgrtrd on injury u illness Ihol provgnls them from returning to work in Ihew original copocity. Wsthin OLf Educolion and Training activity we ako reviéw. commi55ion and ILnd prole¢ts olmecl ol Imprtsving the mgntol wellbeing ol our induslry wtrklor¢e ond prciect5 aimed at socially dtscdvonl¢J9ed young people and young offenders looknng Io goin Qualif￿atrOn$ to enler constructhon or complete opyenticeshlps. Heallh and Salety Improvement Proj•¢ts h special circumston¢es we will review applical￿n5 from componie5 and individuals and ltyionce, nnovoltwa ond implementable ideas, lo imyove hedth ond safety n the work enviromiènt. Poge 4 UGHTHOUSE CONSTRUCTION INDUSTRY CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 OBJECTIVES AND ACTIVITIES Grantmaklng pollcy Grants are munoged and controlled through the Charilcble Project5 Committee. Thi5 Committee is appointed by the trustees and compris95 Of two Iru5tees and the Chief Executive or the Head ol Charity Servic&s. Th& chairperson ts ¢*poirnted by the trv5tees. The Commi11&g cgnvene5 Q5 and when needed and ol short notic&. Confeignc& ¢alts oro often useé 0$ meeting f¢￿￿5 lo d￿V$S coses for approval. The Committee is responsib￿ lor approving oll charitablè rxojacts and charitable givng providecf thct- the projeet or gronl fits the charity's critaric: and the choirperson is sottsfied thot the charity has SuffiC￿nt funds lo occommodot8 thè project. In the quorlerty trustee report the Committee ehoirper50n reports on the projects approved Ihol quarter and alloches doto15 01 the projects or grants. Proi8cts which do not fft the charivs criteria. are thought lo be sensitive or unusual or where the projgct has generated a query, are referred lo the quarterly trustee board meeting. The Injslees hov& d8legated outhority for. the opprovol for oll gronts <£S.OW to Ihe Head of Charrty Services,. the approvol ol oll projécts ond gronls be￿een ￿.000- £IO.IXK) to the Ch(￿table Glving Committee,. and all indivKJual grants over £IO.O(Kl r&qure the opprovol ol the Trustee Board. Haad of Chority Services manoges the Week￿ operotlonol proces5. produeng o monlhw report for the Choritable Giving Commitlee. The Corrmiltee carries out o qUc￿erIY aurfit on o soloction of cases. Achl•v•mènts tsnd performunce Our vision is lo ensure that'no construction worker or their family should be done In o crlsls". The charity is conslonmy 51riwng to develop our support ser¥￿e9 lo meel Ihe urgenl and chonging needs ol OL construction community. Our corg objectives lor the year remain to.. Communicale our Conslruclion Industry Helpline number lo as many of Ihe 3.1 million construction worker5 in the UK an¢ Irelond 0$ possible., Incre05e corporale engag•m&nt through ovr Lighthouse Day nitDlive and encourage onnval donotlons through our Compony Supporter5 programme", Help to develop the industry wide progromme5 Ihot increose resources ovoilable lo companies to support positive welfare and wèllbeing in Ihe industry.. and Increase the WPLYtr ond nurture the growth of our Re9ionol LighthcAJse Club5. Annual summary The year 2023 presented 5igniffcant challenges for construction industry. marked by rising costs ol fiving, maleriols, and ongoing lobour shortoges. impacting the construct￿n community profoundw. with more lomilies seeking support. Thè L￿hthOu$e Chority stands out for its unKlVe abifity lo offer comprehensive emolionol. phY￿al, and financial support to construction lamilie5, ensuring a holistic approach to oddrèssing incJu51ry needs prO￿lY and effectNely. Notab￿. the ehority'5 lale5t Impact Report reveoled o remarkable increose in social value. with £9.12 deliv8rad for every £1 of charitable spend. otlributed to the diligent efforts of caseworkets colloboroting with oth8r organrzotions lo maximlle fund ut11￿￿110n. Through SIrateg￿ FxTlnerships and outreach efforts. oworen955 01 the charity's SerY￿e$ continues to glow. enabling more individvols lo access support when needed. Speorheoding the induslry-wide #Makeltvisible campaign, the charity 51rives lo moke workforce wemore and wellbeing support accessible to all. with the #Makellvisible portol Serving os a hub lu expert inlormtslion. advice. and resources. A key Success of the camp¢ygn i4 the #MakettVi5ible OrF5ite initlotive. whrh h05 engoged with thousands of 511e operatwes, KJ8ntrfyng (XKI 5VPPOrting vulnerobls work¢r5. ujtimoldy preventirg suicKles. Pggg 5 LIGPITHOUSE CONSTRUCTION INDUSTRY CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 OBJECTIVES AND ACTIVITIES Additionolly. the Critical Response Setmce provldes vitol 5UPPOrt to indivicluals offecled by on-site incidents. creating o safe spoce For sharing concoms ond offerir)g acce55 to specioli5t Irouma counsellors. In I￿e wilh its commitment to equipping wod(ers with e$5enlial 5ki115, the charity launched self-paced e-leaming modulès through its Wellbeing A¢odemy. provKling free resources lo novigote loday's challenges. Thi$ nitiative coters to vorious leorning styles, offering Ilexibilily through self-paced e4earnSng. online tutor-led masterclosses. sèminor& and orFsite training. The charity extend5 Its heurtfell gralilvd& lo our Yolunteer Regionol Llghthouse Clubs and our supporter5 for enabling Ihe delrvery ol liftrsowng 5erwces. Our fundraising locus in 2(Y23 conc8ntroted on inCre￿Ing tho componies pledging an annuol donation. We made significanl goins in thi5 areo through our portner5hip Tgam of Regional Lighthousè Ambassadors. The relwn on ths resource inveslmenl hos been 5ignfficant. Their role is lo work with our Regional Lighthouse Clubs and help them wtlh their fundroising. engoge local Construction companies, inform them of our seMce5 and erwol them 05 company 5UDDOrters. As o result. tsur Company Supporters hav8 grown by 113 fo 623 and delivered an annual income ol £1.031.&82 in 2023. This onnuity income hos given the charity o signthcant reliab￿ incom• bose and our intention is to grow thig lurthei in 2024. Chorflable Woth Exomple¥ Flnunckl & Emotlonal Svpport 42-year-old icdner with over 20 yeors ol experience in the conslruction indv5try. faced severe hardships including pèriods of home￿$$ne$S and prison lime. which took a loll on his emotionol welkbeing. Daspitg his re5ilieNce. he found himself trapped in o cycl8 ol odversity until he r8och8d out to Ltghthov5e. After conducting a thorough assessment of finuncial and well-being needs. ￿ghthOUStt worked wqth his housing associotion to rÈ501ve his arrears ond secure oltemative housing, effeclivety breaking the cycle of homelessnes5. Additional￿, Lighthouse provided immediate support lor food. clothing. and tools to old his return lo wo￿. With these intervention5. Sean no longer faced the immediate Chal￿ngeS ol homelessnes5, and he now fee15 empowered lo putsue a brighter future. He expressed gratitude lor the support he received, acknowledging Ihe significant impoct it had on his life. Traum After e¥periencing a traumat￿ rood (rcident where o person tragicolly lost thèir fflè, 0 32-year-okl plont operolu suffered severg emolionul distress, including flashbacks. onxiety. und depression. Upon the recommèndafk)n of o concerned co118agvg. he 50ughl prolessionol support from Lighlhouse. 7hrough coun5elfjng 5UPPOrted by lighthouse he ¢¢qured e55ential tools lo manage his èmotK)ns, confront negative thoughts, and regaln control of hi5 life. As a result, he experienced significant improvemen15, gaining conffd&ncè and better coping mechoniims lo handlg hi5 emotionol struggles. Addkllon and dlvore• A 36-yeor-old conslruclion indvstry veteran. began hi5 coreer 03 a pointer 01 16, rising lo slle supeNisor. He slrug9led with deteriorating mentol heatth. exocelboted by personal challenges rik6 divercÈ ond hec drinking, he feared lob r¥p&i¢ussion5. Hi5 employer connected him with Li9hthov5e, where compassionate therapy helpèd hin confront hi5 issues. With their 5UPPQrt. lopered off medication, openly dlscussing h Struggle5. fostering a supportive wc*kploce environment. Hi5 journey underscores lh& vitol rolè of w(xkplace rnenlal health initiolives. Now. fèeling empowered, he continues hls ￿Covery ind8pgndently, knowing support ovaibble il needed. Physlrgl Ilkn?55 A 52-year-old f￿rner contracts monog6r in construction. foced life-ollering challenges ofter o stroke in 3)13, rendering him unoble lo work. Wrth his wile as lull-time coregwer. they 5tWgg￿d finonciolty despite beirrfJ on Univet5al Credit IUCI ond Personal Independ&ncè Pwment IPIPI. Mounting debts, particularfy in gos and electricity . stall ond olke cosls Staff ond Office costs excluding event and allocatK)n of staff costs to ch(yriteb￿ serwces srew by 48% to £1.534.68212022 £1.038.2991. The majority ol lh9 Cost increaso was in Sloff Salaries. The c￿￿)fy hos made major investments in resources to grow Company Supporters Ihrough the Partnershp Tgom and th8 Regionol LvJhthous& Ambossadors. There hos olso been significant growth in the Chority SÈNce5 Team to support the increoslng requirement lor our serwces within the industry. Chorftuble aclfvitl•s Tolol expencfitvre orn the delivery of charitable serviceg gr¥w 46% to £2,265,52312022 £1.548,0201 20TJ hos been another yeor ol unprecedentgd growth in t8m)s of thè delivery of chorilcble 5erwces. The chority conlinue$ on it5 mission to al WO￿ on Kxoject5 to reduce suicides in the Construct￿ industry bl Improve the welfare ond wellbeing of the workforce cl Make welfare oné welfore servte5 avoiloble and visibl¢ to the workforce In the UK and Ireland Page 8 UGHTHOUSE CONSTrUCTION INDUSTRY CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMbER 2023 The chorrtry's liyon is trat no construction worker or their lamity should be olong in o crisis.. The oim ts to swound evw conslruction worker with options to improve Iheir we￿are and wellbeing by giving them easy access lo a portfolio 015ervice5. Wellare and beneVO￿nCe The corn&rslontr lo Ihe Chority's r&aclive supwrt setmces Is the 2417 Helpline. This Hebline is resourced by in*ou5e, high￿ troinèd trontliné odvisér5 ond bockèd by èxpért C05È workèts. Conlocts madè to this service ore categorised based on complexty of underfying issue. The most serious cases are passed from the adviser5 to the co5ewoTkws, who work hor15tica1￿ wtlh the client to deliver the best P055ible ond su5toinoble outGorne5. Before eXpend￿g the chctrily resources the cosewod(ers review ond leverage support from other local charities lo the Client oncj ensure the client hos optimised Ihe benefits of the wellore system. The kveroged support for the yearwas £1.675,30912022: £1,774,719) During the yeor fhe Helpfine 5UPPOrted 4435 construction families in nged of emotionol, phy5i¢oI. ￿ fincnciel support. Thls was a 30% increase on actfvity from previous year 12022.. 3421 lomillesl. As a result, extra human resource wo5 invested to meet thi5 increasing demond ond the overoll c05t5 grew 33% to £1.254.904 12022.. £945,7671 Edvcallon and tralnkng The expendlture on educatk)n and tralnlng increosed by 74% to £266.75912022 £153.3121 Thi5 chority has invested in the lounch ol the Wellbeing Acodemy. Durin9 the yeor the Wellbeing A¢odemy developed new e-￿Ing packages lo cover many wellbeing lopics. These sell-paced remote leaming courses ore proving very popular oné complèment the tulor led courses. The courses ore free to oll Compony Svpporters, and they are encouroged to offer them lo all their wofftlorce cs part ol their CPD develoFynent. Mental hèalth fitsl AKI omd Suicide First Aid COUF5eS are olso being encouraged wllhin th& inthstry. During X123 the clThty delivered 403 coutses. This was 0 70% increase on 2022. H•ollh and knnovalion Tolol spend of health and stslety innovolion gew 67% to £708,17512022'. £267,413). Within heollh and solety innovalion we havo 3 mojor projgcts.. al Building Mental Heolth and the Make ￿ Visible Wellbeing Portal Llnded by CITB bl The Make11 Visible On-site inillalive. cl Th8 C￿lical Incident Service Butldlng M•ntal H•allh and *h• Mak• tt Vl$lbl• Wellb•lng Portul After completing the successful "Wellbeing Chompion project in 2022. The charity was awarded the contract by CITB to deliver a Welbeing Portol thal can be accessed by oll conslruclion workers in the UK and Irelond. Tho charity colloborated with ovw IC(J componie5 in constructior) and in conjunction with the Som()￿lOn$, tho sU￿Y thain Sustainobility School developed o portol that provide5 infomalion 0dv￿e ond g¢Jidonce on emotional, physicol ond finonciol wellbeing. portol wos lounched in Janutsry 2023 Os www.make5fv1sible.inlo and morkoted thrwghovt the yeor. To dote the portol hos been occessed over 1 s0.wo times ond complemenli the Service yovided by our 2417 Helpling. During the yeor the chority Spent £222,44012022'. £153,543) on this project and has commitled lo crt8 to sustain ond gow the conlenl into the futur• as of th8 choritvs reo¢tiv& $er¥ic&s. Make11 V151ble On-slte Launched in 2022 thts ser4ice hos grom signfficontly. Moke It Wisible On-sile is o prooclNg ovtrgoch programme aimed at opening the converKJtion about wellbeing to the trades and other 9te workers and then reloying infoimolion on the charitable wpport services available. The Service is del'vered by trades people with Iweé mentol health experience who ore trained mental health fit5t aide15. They Iiav8110 Site in brightty coloured vans and deliver onsite 'Yoolbox" toks. This FYOO¢tive 5ervi¢e has been enlhusi05ti¢aNy fecgived by the indvstry ond the 4 van5 and teom of 8 Lighthouse Make It Visible Ambassadors are aNvays in clemund. During the yeor the team visited 402 building 5ile512D22= 1731 and engoged 25447 sile worker513)22.. 88991,. through this onsite intervention they initioted 147 o¢tive rescue512022= 251. These were w0￿eT$ with 5ui¢id¢l Kle(Jtion Ihot we immediotely engaged in counselling. Wilhoul doubt Ihis initialive is saving lives in our industry. As a resull of this ncreased activity with Increosed humon ￿source oné operolionol 5UPPOrt. tho cost of running the yoject has grown 39% to ￿72.37] 12022: 267.4131 Poge 9 IIGHTHOUSE CONSTRUCTION INDUSTrY CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 crftlcal Inckltrt SèNlce The charity's critical incident service slarte40 folol Incidents and over 2CQO mojor accidents a year. nof oll con involve our Crit￿01 incidsnl team bul during the y&ar thè allended SO incldenlsl20￿'. 28 incidents) resvlling n a c05t ol £113,42412022.. costs uNe¢¢ydedl. Gov•rnance Colts Govemance costs in 2023 in¢re05ed by 36% ￿5.245(￿o22 £25,9851 Duè to the growth of Chorilablg Activity outstripping inctsme. it wos predicted that on a nel b05i5. the charity would report a net deffcit. This deffcit wa5 £231.92012022 Surplvs of £671,441).. however. this wa5 mitigated and the deffcit redvcgd to £1 X),101 12022 Surplus of £454.2441 by a gain on revoluotw on investments of £81.819 12022 Loss of £217,1971. Reserv￿ Polcy Ht5torico1￿. the chority'5 objective hos been 10 Spend no le55 IliJi X)% ol ¢ur net income on Welfare & 88n8vol6nce octivitK*S and over the medium-term, to donate ttrg 8nlire surplu5, Subject lo manIain￿g g prudent level ol r&sarves lo cover the impact ol ony sKJnificont 1055 of inccme as well 0$ Its contractuol and stolulory IKJbililies. The tnjstees consider Ihot: vnrestricted funds shovkl repre5en* the funds 0voilal￿e to the chorily for Investment in new chariloble projects or to create additional income de5ignoled funds should bg moinloined al o level cotulotgd to enable the chc*ily tts contirxje its actwity lor al least six month5 in the event of loss ol income. demond for the charity's ser¢ice5 15 on a steep upward Irojectory and the cuffenl bvel ol reserves is oppropriale. The lev@1 of reserves 15 monitored by th& avdit (Jnd govemance committee (Jnd is reviewed on an omuol Ix]s￿. Al the yecy end, the ch¢rdy held Ivnds amounting to £2.977.73312022 £3.127,8341, of which £?.477.73312022 £2,542,222) were unrèstricted. £S([J,￿o12022 £500.0001 were designated from tho vnrgstricted fund and £nil 12022 £85.6121 restricled. Investment pollcy tsnd perFormance During Ihe ygor, the trustee5 mode no further investrnenl with investment monoger Brvwin Dolphin. The total 05h inve51menl stands at £1.750.000. The overall investment valuation r8sult8d in 0 2023 gain of £8l.8191202210$5 of £217,197). There was 50rnething of o market recovery in 2023 helped by o rc*lty just before Ihe yeor end. Investmenls are held in Brewin Dolphin'i Risk cotegory 6, represenling moderote inve5tmgnt risk. Ihe chority is currenttry investigating olternolive inveslment idees to miligote market fluetuation5 related lo global economic volatility. Page 10 LIGHTHOUSE CONSIKUCTION INDUSTRY CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2023 STRATEGIC REPORT Rl$k manag•mènl The tnjslees examine and review quarterly the majoT slrotegic. bvsing55 ond operolignol ii5k5 whirh Ihg chority laces ond conlin) thot systems hove been e5t¢bli5hed so thot the ￿5 moy bg effectNely monilored ond thew impuct mitigated as far a5 Possible. The principal risks identified by the Iruslees and the conlrol yocedures used to milvJale those ￿kS are: Rlsk Mojor downtum in charity giwng due lo govemmenl policy change, major dtsasler or major economic downtum R¢sponi* Ensure a broad range ol funding sources resulting in no èxcèssive depen(Jency <)n o single éornor or incorne stream. Inguffrient reserves to meet the charivs needs Ensure managemenl information is timely and grfjurote. Also iegulorty rgvpw the lorwoid commitments agoinsl the ￿Ve1 of reserves. Vulnerable person issue5 Devebp a policy and implement lor volunteers with access lo vulnerable people. Ensure contracted programme portner5 hove up to date vvlnerable person polices and processes. Fraud I misappropiotion causing 1055 01 inctsme, limits are repufalion or relationship damage oclivitios En5we fimncial contro15 and aUthor￿atIon lirnils are Imp￿mented. Track central and regiontsl octivities. income and we ot the charity name. Investigate where any problems aro idtrntified. Pagell LIGHTHOUSE CONSTrUCTION INDUSTRY CHARiri ItEPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRATEGIC REPORT Fulvre ph]ns 2023. our charity experfencecl significont growth, driven by incr605ed marketing effort5 and enhanced communicotvjn chonn815.' these were laclilal6d by our dedroted company 5UpPOrt0￿ ond the prooctive 9110rtS Ot the Make11 Visible On-site team. As we look to the future. we wll see our raactiva g8rvrc85 continue to grow os more ￿ganIsatIo￿ recoonlse our dedication to the construction industry ond the portfolio ol services we can bmg lo supwt Ihe wellbeing and wollore of the workforce. The charitys visin remains as"No e¢nstruction worker or their farnity should be olone in o cri515 and our mission remoins resolute lo: al Work on proiecls lo reducè suicides in the constrvction industry bl Improve the welfare ond wellbeing of the workforce cl Make We￿ore and weKore 58Nce5 ovoilable and M5ible to the workforce In the UK ond treland Over lime. our charify hos bull t UD reserves base. Howev8r. the Trustee Board remains acul&ly ¢2war& ol the escoloting costs associoted with delivering our vital seryices lo the industry. We ore con5equentty priorilising thè exponsion of our company 5UPPOrter bases 10 6nsure consislenl oné reliable income streams. Slmumaneovsfy. we ore committed to enhancing the efficiency ol ow intemol 5yslem5 and processes. Ihrough rigorous evaluation and optimisation, and where feusbi le. outomalion, we oim to streamline operotion5. reduce manuol worklood, ané enhonce decisior¥-moking capabilities. ullimatèty driving down costs. Furthermore, we undetslarKJ the importonce ol bolstering our proactive seNice5. POrt¢ukJly through our Wèllbèing Academy. By equpping the workfor¢e with helplino contacts ond knO￿edge and skilts on Ihoso tOPlC5 which often ￿ad to Cr￿es, we aim to enhonce awareness und prevention stralègi&s within th& industry. During the year, olr kry-5erving CEO, Bill Hill. onnovnced his retirement after more than a decode ol dedicated leodership. fftroughout his lenure. Bill has Steered the charity through significont changè ond growth, ovgrseeiry key initiotNe5 thot have shaped our current succe%s. In recognition of his invaluable contributK)ns, the TnJstee Boord h05 apwntgd him 05 Honorary Vice President, ond he will continue lo support Ihe charity through fundraisin9 efforts during his retirement. With Bill's departure. wè orè p￿Se￿ to announce Ihe promotion of Soroh Bolton to the role ol CEO, effective April 1. 2024. Sarah bring5 over ffve yeaT5 01 èxperience wtih the chorily h05 played o pivotol rob in eypanding our services. W¢ olso extend our grottlvde lo departing board members Siobhcln Carey and Nair Dewii ond welcome new trustees Robert Brown. lan Carey. ond Joonna Corway, who bring diverse expert&e lo our Tft)stee Bo(yd. The Trustee Board is deeply grateful lo oll who support and serve our charity. It i5 With this unwavering backing that we confidently look oheod to oddregsing the welfare ond wellbeing i55ue5 in the industry and advoncing towarth our Msion wrlh optimism and determinolion. Page 12 UGHTHOUSE CONSTRUCTION INDUSTRY CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STrUCTURE. GOVEItNANCE AND MANAGEMENT Govemlng document The choiity 15 controlled by its goveming document, a deed of Irusl. ond ctsnstilLtles o limiled ctsmpony. rimitèd by guoronlee, as delined by th& Componies Act 2W6.The Lwhlhouse Conslruclion Industry Charity is a company fimited by guorontee in the United Kingdom, company number 0824418. incorporated on 8 October 2012 and is a registered charity, number 1149488. The ¢hority is governed by its Memorondvm and Articles of Associolion. The InJsto@s, who are atso the dir￿torS for the purpose of company law, and who served durfng thp year ond up to the dote ol signature of the fir￿nCial 51atemenls were: R H De¥￿6 L C Gallogher E Noylor R O'Loughlin J Vezey I Corey R Brown J Conway Thg Chority is govwied by its twstees, which are ils dyeclors und¢r Compony low. New Itustees ore oppointed by Ihe board ol Iru5tees which seeks to ensLYe thot there is o broad ronge of relevanl sklls ond eXper￿nCe on its body. The trust&&g provide the￿ time at no charge lo the charity. Alanag•m•nt The charily employ5 0 full time Chief Executive, vtho ig SUPPOrted by full time ond port lime stoff. In oddition. a number of externol controclors ore engoged to carry out ¢ertoin operations of the chority. The Chief Executwe prepar85 a detailed busines5 plan ond on onnuol financial budget which ore rewewed by thg trvste85. The perf¢ymance ol the charity is me05ur&(J by the trv5tees ogainsl both the busines5 plan and the annual budget on o quorterty bosis. Govemgnce The board of Injstees meets at leost four lime5 each year. The Ch(￿tY seeks lo involve as many Iru5tee5 Q5 possible in differ8nt aspects ol its oporatlons. for oxompl& sittlrvJ on Intemol committees, helping orgonise events. liaising with Regionol Lighthouse Clubs. allending RegiorK)l Lighthouse Club committee meelings ond fvnctions. and ossisling with our chorilable projects. In order to promote geod wvemance and besl proclice. the boord of trv51ees ha5 three commillees.. The Audl ond GoY•monee COmm￿ee. Has a trust99 thairper50n and co-opts other knghthov5e Club 5UK4)orter5 to join as and when speciolist knowledge is required. Ils responslbillty is to enwre thot oll mollers of good governance ond be51 proctice are effective throughout Ihe entire or9onisation ol the chaK¢fy. Ils rssponsiblity is a150 to Consider reports from the auditor ond odvis8 Ihe boord of tnJstees on financial control ond effeCtIve￿ss. Thi¥ commiltee oLs0 revEw5 the remuneration of Ihe Ch￿1 Executive and other k•y staff mambèr5 on an annuol bosi5. Remuneration of key personn81 is benchmarked aganst charitles of a similor svie ond complexity. Awards are given on th8 bas￿ of performance agoin51 Ihg chgrity'5 objectives. Poge 13 LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Charlloble Prolects Commmtèe: Hos o trustee thoirper50n and co-opts other Lighthouse Club supporters lo join 05 and when speci0r￿t kfftOw￿dge is requred. This Committee communicate5 regulorly by emoil. phone or in person lo review oll charitcble projects. Its resptsrnsibilities are to review ond outhori5e all tre chority's prolo¢t proposols whelher these be Ndividual one-off applicolions lor lir)onciol support, monthly applicotions lor financial support or gront5 for other chorilable ocffvitEs wilhin ovr charter. Nomln(*lon5 Commlllee.. Has a Iruslee chairperson ond co-opts ofher ￿g￿thOUse Club supporters to pjln as when specialist knowlodge is required. Ils r8sponsibility is to continually review the members ol the board, identify skill gaps withn our govemonce structure and nominate potenlKJl condidate5 to the board as nèw trust&&s. The Irustees are provided with detali of theK responsibilitles Os chorrty trustees vpon their apponlment. Ihis includeg o copy of the Charity Commission's"Esserntiel Tru51ee" book￿1. Trustees ar& encouraged lo attend training •vents to bri&f th&m on their ￿gaI and othor oblig¢tion5 wder chorify ond company whli 51 assisting Ihem ir) their role as a board member. R•glonol Llghthou5e Clubs Thtr charity 15 SUPPOrted by 21 Regional Ligh*hou5e CILJbs run by Ih&r own volunteer Comrrlttees. These Regionol Lighthouse aubs operate independenlfy ond ore tied to the charty through on affiliate agreemenl. The charity 15 very much indebted Its fhe Regional Lighlhouge Clubs. Thèse Clubs are staffed entirdy by volunteers Imore thon 150 in olll, who are drown from their memberyhip and include a chayperson, a sècrèlary, a treasurer ond a welfare oNi¢gr. The constitution of each Club can b¢ different but is brood based on a central model and they are lied to the charity via on offiliatè ogreement. Th￿ ogreemenl gran15 Ihe Cknb tha right lo use the choritV5 name and logo and sels tsuf on ¢peroting frarnewc￿ lo protect both the chtsrity and the Club. The Reglonal LIgh￿USe Clubs operate throughout olmost th& entirety tsf the Brrli5h 151e5. The Clubs delfver fundroising ond nelwothing ev6rTrt5 throughout the year and p05s over the surplus lokings by woy of a donation to the charity. STATEMENT OF TRUSTEES. RESPONSIBILItIES The Iruslees Iwho (*e olso Ihe director5 01 Lighthovse Construction Industy Charity for the purposes Ot company lowl org responsible for preparing the Report ol the Trustees and the financial statements in accordonce wsth app￿coble law ond Uniled Kingdom Accounting Standards (United knngdom Generaly Accepted Accountsng Practhcel. Company law requires the Injstees to y8pore fin(Jnciol 51atement5 for eoch finonciol y&or whi¢h give o tru9 and lair view of the slote of offoir5 of ttie choritable company and ol the incoming re50vrce5 and opplication ol resources. including the income and expendilLxe. of th8 chcrituble company for that period. In preparing those financiol statements. Ihe trustee5 are required to select suitoble accounting ptslries and then apsjy them consistentw.. obgervè thè mèthods arKI principles in the Charily SORP.- rrKJke judgements and estimotes ore re050nuble ond prudenl; State whether applicoble OCCOL)nting stondards have been followed, subject to any material departLKes disclosed and eyplain&d in thè financiol stotements., prepare the financial 5tof8ments on the gong concem basis unless it is inoppropriole to presume that the Ch£￿table company will continue in busi￿$$. The trustees are responsbi le lor keeping proper accounting recordg which dlsclose with re050noble occurocy ot ony tirn8 the financiol posilion of the chc¥itable compony ond lo enoble them lo erlsure that the financiol statements comply with Ihe Companies Act 2006. They ¢Jre also responsible for sofeguarding the a55ets ol the charitable company and hence for tothg reasonable steps lor the prevention and detection of fraud ond other irregulartkigs. Page 14 LIGHTHOUSE CONSTRUCTION INDUSTRY CHAItIIY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENT OF TRVSTEES. RESPONSIBILITIES . canllnued In $0 far os the Iruslee5 are aware.. there i% no relevant audil inlomiation ol which the charilatje company's auditus are unaware,. and the trustees have token all steps Ihal Ihey ought lo have token to make themselv8s ¢2wore of ony rel&vant it infomiotion ond to establish Ihol the oudilors are aware of Ihot inlomiation. AUDifoRS The auditors, TC Grwp, wll be proposed for re-oppoinlmgnt ot forthcomng Annuol General Meeting. Report of Ihe InJ5tees, incorporaliw a stratagic report, opproved by ordèr of the board of tru￿&8$. os thè company director5, on I lth April 2024 and signed on the board'5 behalf by.. L C Gollogher- CLFChoir- ee E Noylo o-Choir- Trustee Poge 15 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF LIGHTPIOUSE CONSTRUCTION INDUSTRY CHARITY Oplnlon We have audited the financial slalements ol Lighth0¢￿e Construcllon hdu5try Charity Ilh8 'charitoble company'l for thè yeor ended 31 December 2)23 which com￿Se the Staloment of Finonciol Activities, the Balance Sheet, the Cash Flow Statement ard nofe5 to the financial 5tolemen15, including o summt wh8n it exi%ts. Mi55totemen15 Con oiise from fraud or error and are considered material il, indNidually or in the oggregate. Ihey could reasonably be expected lo influgn¢e the economic éecisions of users token on th9 basis of these financial statemènts. The extent lo ¥thich our procedures ar8 copoblo ol detecting rregul(￿lieS. includirvJ frovd is detoled bek)w- W8 oblained on vnderstanding of the legal ond reguPatory Iramewortg thot ore oppftcable to the choritoble company and determined thal the rnosl signilicont Iromeworks which are dir&clly rdevanl so specilic ossertK)ns in the financKJl stotÈménts ore *￿Se that relote to the reporting fromework (UK GAAP ond Ihe ComF)oni95 Act 2W61 ond the relevant tax compliance regulations tyi th& UK. We underst<)od how the ehariteble compony is comp￿￿ng wtih those frcmeworks by making enquirie5 of rnanogemenl ond those responsible for legal and compliance procedurès. Wè corroborot8d our enqviries I￿￿OUgh review ol board minutes and d￿cUsS￿llls Wlth those charged with governance. Wg 055ess the 5U5ceptbi Ility of the charitoblo componvs finonciol stotement5 lo moterial M￿Statement. including how fraud might occur. by di5CU55ion with management rrom various parts of th& businass to und8r5tond where they considered there was o susceplibilily to froud. We ¢on5idered the procedure5 and controL% thof the charitable company hos ostoblisheé lo prevent and detect fraud, ond how these are monitored by management. and ttlso any enhanced risk factors such as performance targets. Based on our understanding, we design&d our audt procedLres lo identify any nonChoir- Trus E Noylor- hoir- Trvsl8e The notes fom part ol these finoncnl statements Poge 2D IIGHIHOUSE CONSTRUCTION INDUSTRY CHARITY CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Note5 Cash flts￿ from opergllng uctfvllles Cosh generated operations 2731 417,416 Nel cash lus8d inllprovided by operating activitie5 273 417,416 Cash tlows from Investkng acllvlNes Purchase of langible r￿èd cssèls Pvrchose of fixed 05sel investmenls Sole ol lixèd 0$5et inve51rnent5 Cixh transferred to inveslment portfolio Inlerost receNed Dwidends received 15,6331 1768,4521 763,517 112.3351 4.443 29.264 114.9781 11,370,301] 357.S75 8.594 T5,263 Nel cash provided by/lu5ed inl investing o¢livilies 10,804 I,W3,840 Chong• In ¢o$h and ¢a$h equfvalents In Ihe reporttnq perlod Cash and cash eqvl¥alenli ot ihtr beglnnlng oflhe ieportlng perfod 10,531 1586,4241 1,278,640 1.865,064 Cash and cash equlvalents olth• •nd ol th• r•portkng pèrlod 1.289.171 1,278.640 Tre notes fom part of these TirKJnciol stotemenls Pago 21 LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY NOTES TO THE CASH FLOW STAIEMENT FOR THE YEAR ENDED 31 DECEMBER 2Q23 RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERAllNG AcnvmES 2023 2022 Net (expendRvwe)lineom• for the ieportlng p•rlod (as p*lhe stal•m•nt of Flnanclal Acltvwlesl Adluslments for DeprecKJtion chor985 IGoinlAosses on inveslmenls L055 On disposal of li¥ed assets Interest received Dwidends recèived Decreasellincreosel in deblor5 IncTeoselldecre(tsel in credi*or5 1150,1011 454.244 6.951 181.8191 5,468 217,197 14,4431 129.2641 185.948 72,015 115.2631 191,5541 152,669 Net cash (vwd In)/prtsvlded by opeiatlons 273 417,416 ANALYSIS OF CHANGES IN NET FUNDS Ati.1.23 Cash flow At31.12.23 Nel ¢u$h Cash ol bonk and in hand 1,278,640 IOA31 1,289,171 1,278,040 10,531 1.289.171 1,278,640 10.531 1.289 171 The notes fom part ol these finan¢v)I slolements Poge 22 LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY INFORMATION Lighthouse Construction Industry Chorily is o private comporny limtled by guorontee incorporated in Englond gnd Wole5. The regi51ered office 15 Suffolk Enterprise Centre, Felaw Street, Ipswich, Suffolk IP2 8SJ. ACCOUNTING POLICIES Boils of ￿•pOrtn0 Ihe ftnunclql stalemen The financial 5talemenls of the charitable company, which is a public benefit enlily under FRS 102. have been prepared in accordonce with the Chorities SORP IFRS 1021 'Accounting ond Rèporting by Choritie5.' Statement ol Recomrnended Practice applicable lo charities preparing ther accounts in accordance wilh the financigl Reporting Slorndord opplicoble in the UK ond Republic of Irelond IFRS 1021 lèffÈetive l January 20191., Financiol Reportiw Stondord 102 'The Finonciol Reporting Slondord applicobl8 in the UK and Rèpublt of Irel￿￿, and the Componie5 Act 2(X16. The ffnanciol 5totem8nts have been prepared under the historical cost convention, with the exception ol investments which are included ot Ma￿et volue. as modiffed by the rgvoluation ol certgin g55et5. Th8 regional Ltghlttouse Clubs ore all in¢Jependent unuicorporoted oss¢¢iotions ond 0$ such their income. expendilure ond bolonce Sheets ore not included in these account5. Inc*)me All income is recognised in the Slolemenl of Financial Actiwlies once the charity has enlillemenl to Ihe fund5. It i4 yobable Ihol the income wlll be recelved (iThY the omount can be measured rd10b￿. Income compri58s membership. donations, ncome receivable trom events organised durvig the year, choritoble octivitEs ond interest receivable. Donotions orè r8cognised when receNed and cOMp￿e amounts received which are nol connected to lundroi5ing events. Legacies are recognised when the income ts known proboble. The choritoble activity income relalgs to the Iraning ol Mental Health trainers, whlch is rg¢ognlsed on compbtion of each cohort. All othgr incomo is accounted lor on a rec8lpt5 basis ￿th related glft old recogni$8d when a claim Is submitted. Donations in knnd ore included In incoma whon th6 benefit lo the chority is reosonobw quonlifiable ond measurab￿. Donated goods ore not recognised if not procticol to do so at the point of the gilt. Donated gc>c>ds and sgrvres where practical are vafued by Ihe trustees ot the amount the charity would havé been willing to pay for the goods or seThrfces on thg opfyn market. Expendllure Liabilities cx8 r8cogni98d as expenditvre 0$ soon as Ihere is o l&gal or ¢onstrv¢live obligotion comrnitting the charity lo that expendtlure. ti is prtsbttble that a transfer of economic benefrt5 will be required in sellbmenl ond the omount ol the otjigalion con be measured re￿ably. Expenditur6 IS accountèd for on an accruals basis ond hos been clo55ified undor hgodings thot oggregate cost relaled lo th8 category. Where costs connot be directly attrlbLJted to F)Orti¢ul¢r heading5 they hove been dlocaled lo activities on o basi% ¢ongstent with the use ol resources. Raising funds comprise the c0515 associoled wtih attrocling voluntory income otxj the costs of furKJraising. These include the èxpenses of gvent5 hosted, promotional acliwlies, stall ond oth8r costs dreclly involved with thès& cctivities. Charilgble octivitie5 compwe gronts ond donotDns paid or uncondilionolly commilted lo choritoble projeets. In uddition thege includè thè cost associoted wilh the Building Mentol Heolth proigct. Poge 23 continued... LIGHTFIOUSE CONSTRUCTION INDUSTRY CHARITY NOTES TO THE FINANCIAL STATEMENTS- e¢nllnued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POUCIES- ¢onHnued Expendllure Support costs. which include the govgmonce costs or& those costs assocloted wfh meeting the constitutional ond statutory requirèments ol the charity ond include oudit fees cos15 linked to Ih& strategic manogem8nt of Ihe charty. These ore allocated betwèen roi5iro fund5 and charitable octivili•s. All costs are allocolgd betsveen the eypenditure categories on thè Statement ol Finonciol Activit￿$ on basi5 designed to reflect th6 Use of the resource. Costs relating to a partiCLJkx aclivrly ore allocoted directty. others are apportimed on on appropriate bo5is including lime spgnt. Tonglble fSxed assets Depreciation is prowded at the following onnuol rates in order Its writo off each asset over Its eslinated Useful life. Cempuler equipment 33% on cost The gatn or 105s arising on the dL%F>05010l an asset is d&tèmined 05 the dlfference between the sale proceeds and the e(Jryng value of the ossel. and 15 recogni58d in net Incomellexpendilurel for the year. The charify hos odtpled a prA￿Y of orly capitalising 05sets with a cost of or more. Al eoch reporting end dale, Charity reviews the carrying omovnts ol its tangSble ossets to determine whether there is any indication lthl those asse15 hav8 suffered an impairment k)ss. 11 ony such Indicotlon e￿￿$, the recoveroble omovnt of the asset is eslimcrte¢l in order lo delemine Ihe extent of th8 impoirment1055 lil anv l. Ft<•d ass•1 Imioslments FrK8d osset investments are initKJIty measured al Iransoction price exchJdng trawoclion costs. ond are 5ubgequently meosvred at lair value ol eoch reporting dale. Changes in fair volue ore recowisgd In net incomellewenditurel fc¢ th8 year. Transaction costs are expensed 0$ incuwed. Taxallon The chorily is exempl from Corporotion lax on ils charftable ¢ctwities. Fund accountlng Unrestricted funds can be used in occordance wth the charit¢bl6 objectives at the discretion of the trustees. Reslricled fund5 can only be v59d for particukw redricted purposes within ot4ects of the chority. Restrictions arise when speciffed by Ihe donoi or when funds are ra￿ed for p(xlIcul￿ restricted purposes. De5ignoted fvnds are ￿8$1ncted fund5 eumark8d by the trustees as o conlingon¢y fund. Further explanation ol the notuie ond pwpose of each fund is included n Ihe notes to the financial Stalemenls. Penslon c0515 ond olher posl-fetlr•m•nt benems The choritable compony operotes o défined conlribulion p8n5i0n Scheme. Conlribulions poygble lo the choritoble companvs penyon scheme are charged to the Stolemenl of finonciol Acliwtie5 in the period to which Ihey relote. Page 24 continued... LIGHTHOUSE CONSTRucnoN INDUSTRY CHARITY NOTES TO THE FINANCIAL STATEMENTS - conllnued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES - conllnued Golng concern Al the lime ol approving the fintsnciol slatemenls. Ihe truslees hove o retssonoble expeclalton thal the charity hos odequate resources to continue in operotionol exi51er>ce for the loregeeoble future. fftus th8 twsl&es continue lo adopt the goiro concern basis ol accounting in preparing the financial 5tolements. Emphyee The cost of any unused holiday enlitlemenl is recognised irn the period in which the employee's services are received. Temiinotion benefits are recognised immediately as an eXpe￿e when the chority 15 der￿strOb committed to lenninale the employment of on employee orto provide terminotion benefits. L•ases Rentals poyoble und8r operoting le0s85. ncluding ony lease incentives recgivgd. ore chorggd ￿ on expense on a straight line basis over the lem ol the relevant lease. ¢WTICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the oppllcotlon ol the chority's occounting pollcies. the twstees ore reqvireQ to moke jvdgemenls, eslimotes and assumptions aboul the carrying amount of oss&ls ond liobilitie5 that are not readily opparenl from other source5. Th8 estimate5 and assOClCYted assumptions ar8 based on hi5ttiricol experience ond other factors that are consthed lo be relevant. Actual resulls may differ from these gtimotes. The estimole5 and underfying asgumplions are reviewed on on ongoing b05is. ReV￿￿￿S to accounting Q5tirnote5 gie recognised in the period in which the e5timole 15 r8vi5ed where the revision offects only thot period, or in the period ol the revision ond future periods where the revision affects both current and future periods. The trustees do not coNkJer 1here to be ony key sovrce$ of estimotion uncertointy Ihot hove o signlffcant Impact on the ¢m¢unts rts¢ogni5ed in the fwncial sto*em&nt5. DONAnoNS AND LEGACIES 2023 2022 Donolions Gift 2533.376 42.448 2,043,292 52.076 2.575.824 2,095,36S DonallDn5 and legacles 2023 2D22 Regional Lighlhous¢ Club Donglion5 Compony Oonoti¢n5 Individual DonolBJn5 General Donolions 531,588 442,508 1.915.640 1.540.107 79,934 95,493 48,662 17,260 2,575,824 2,095266 Apart from a company donoliorn of £50,OCK) in 2022. all of th8 total incom8 from donatioris during 2023 and 2022 wos by woy ol unreslricled fund5. Page 25 continued... LIGHTHOVSE CONSTRUCTION INDUSTRY CHARITY NOTES TO THE FINANCIAL SYATEMENTS- conHnuod FOR THE YEAR ENDED 31 DECEMBER 2023 OTHER IRADING ACThV￿rEs 2023 2022 FUndra￿Eng evenls 498.326 1,441,710 othertradlng qdfvill•s Unresfvkt•d funds 2023 Vnrwmcted Ivnds 2022 Income from Fundraising Events IChristma5 Lunch, Morolhon, Challenges etcl Exp8nditure for Fundroising Events 498.326 1318.3151 1,441,710 1794,1901 Surplvs 18D,01 I 647,520 All ol Ihe lotal income durirsg 2023 and 2022 from other trading activities wos by woy of unrestricled nds. INVESTMENT INCOME 2023 2022 Incom8 from li51ed investments Interest receivablè 29,264 4.443 T5,263 33.707 15,270 All of the total income during ￿23 and 2022 Irorn inveslrnents was by woy of unreslricled funds. INCOME FROM CHARITASLE ACTIVITIES 2023 2022 Aclivily Services provided under conlracl Building Menlal Health 248.428 135.610 All ol Ihe tolol income durng 2W23 fvom charitoble actNilio5 wos by way ol unreslrrted fund512022- AII Reslrictedl. Page 26 conlimed... LIGHTHOUSE CONSTRUCIION INDUSTRY CHARirY NOTES TO THE FINANCIAL STATEMENTS . rontlwed FOR THE YEAR ENDED 31 DECEMBER 2023 RAISING FUNDS Rahlng don(thons awj legocles 2023 2022 Staff costs Morketlng other fundraising costs Direct event costs Inote 51 Regionol 5UPPOrt Office costs Bod dtsbts Foreign exchonge loss Depieciotion Le5s= expendtrure alocaled lo Welfare and Benevolenc8 1.268.786 157.776 I31,￿9 318,315 66.051 91.965 852,168 107.020 106,623 794,190 17.686 91.e83 450 118.6901 5,468 488J)I 9,166 6,951 727,8751 1.322,682 1,468,497 All of the total costs of roi$ing fvmds during 2023 and 2022 were by of unreslrieled fijnds. Pagg 27 eonlinued.. LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY NOTES TO THE FINANCIAL STATEMENTS - corthnu•d FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITABLE ACTIVITIES COSTS H•allh & Total Total Welk7re & Bènevolence 2023 Educatlon & Tralnlng 2023 Innovatlon 2023 2023 2022 Edvcation and Troining IWellb8ing Acodemyl Beneficiory Gronts Conslructlon industry helpluie (￿d cas8 w0￿erS Building Menlol Heath MIV Portal Make il Visible Onsite Critical hcidènt Support 266,759 266,759 407,974 153.312 420,490 467.974 786.9X) 786,930 525.277 222440 37Z311 222440 372,311 155,543 267.413 113.424 113.424 1254,904 266.759 708,175 2,229,838 1.522.035 Aft(￿S by lund Unre51ricled funds Restricted funds 1.254.904 266,759 708.175 2,229,838 1,366.492 155.543 1,254,904 266,759 708,175 2,229.838 1,522.035 For tho yeur ended 31 December 2tr22 Unre5tri¢ted funds Restricted funds 945.767 153.372 155,543 267.413 1,366.492 155.543 945,767 308.855 267,413 1.522.035 During 2023. of the lolol costs of eharitab￿ activities, £2,229,838 12022 - £1.366,4921 were from unrestr￿ed funds ond £nil12022- £155,543) were by way of rèstricted fiJnd5. Gionts p(wible During the yeor the Charity received 4.43512022.. 3,4211 calls for support to the Helpline. 2,43512022.. 2.1511 ol Ihe5e ca115 wer? manoged by cose workery. Our case worker5 organised food dèlivery, rent and utility bil poyment. replocement while goods, counselling ond direct gronts, totalling £574,440 12022.. £393,983>. Poge 28 continued... LIGHTHOUSE CONSTRUCIION INDUSTRY CHARITY NOTES TO THE FINANCIAL STATEMENTS - Conllnved FOR THE YEAR ENDED 31 DECEAIBER 2023 io. SUPPORT COSTS Govemance 05t5 Govemanee costs 35.245 Supp(xl costs, included in Ihe above. are a5 follows.. Govemonce eo 2023 Govemonce costs 2022 Totol activities Audilor5' remunerolion L¥gol and prole55iorsal fees T￿stee Meetings Monooemenl Fees 7.730 9,386 5.403 12.126 8,250 S,073 1.530 35,245 25.985 11. OTHER 2023 2022 L055 on sale of assets 440 12. NET INCOME/(EXPENDITURe) Net incomellexpendilurel ￿ staled ofter chorgingllcreditingl- 2023 22 Auditor5, remuneration D6praciotion- owned osset5 Deficit on d￿poSal ol fixed ossèts 7.730 6.952 440 S,468 13. TRUSTEES. REMUNERATION AND BENEFfTS Ther& wèrè no frLJStee5' remunerallon or other bgngffts for the yeor ended 31 December 2023 nor for the yerx ended 31 December 2022. Trvsl••s' •xpènses There were no Irust¢tr5' gxpense5 paid lor the yeu ended 31 Dgcernber 2023 nor lor the year ended 31 December 2022. Poge 29 continued.. LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY NOTES TO THE FINANCiAL STATEMENTS- conNnu•d FOR THE YEAR ENDED 31 DECEMBER 2023 14. STAFF COSTS 2023 2022 Woges ond solaries Sociol secthty CQs15 Olher pension c0515 1.114.785 17.162 36.839 754,635 75,028 22,505 1,2é8,786 852168 The overoge monthly number ot employees during Ihe yeorwos as follows- 2023 2022 NOt￿n01 Office Welfare and Benevolence 19 14 31 23 The number ol empk)yees whose employee benefft5 (excluding employer pension ¢05151 exceeded £60.OW wos.. 2023 2022 £60.001 - £70,000 £70.001 - £80.000 15. TANGIBLE FIXED ASSETS Computer equipment COST Al l JonLQry 2023 Additions Di5P05a15 24B93 s,￿3 Al 31 Decernber 2023 27.289 DEPRECIATION Al l January 2023 Charge lor year Elffninaled on disposol 11,674 6.952 At 31 December 2023 15A29 NET BOOK VALUE At 31 December 2023 11,4é At 31 Decembèr 21Y22 13219 Poge 30 contnuèd... LIGHTHOUSE CONSTIIUCTION INDVSTRY CHARI NOTES TO THE FINANCIAL sfATEMENIS - ctsnllnuéd FOR THE YEAR ENDED 31 DEC&MBER 2023 16. FIXED ASSET INVESTMENTS Listed investmants MARKET VALUE At l January 2023 Additions Disposa15 Revaluolion$ 1,679.287 768,452 1763.5171 94,155 At 31 December 2023 1,778,377 NE[ BOOK VALUE At 31 December 2023 1,778.377 Al 31 December 3)22 1.679.287 2023 2022 Investment5 al far value comprise: UK equities other equilie5 Propety Commc>ditle5 Bonds other investmenls Cash product C¢5 331.658 872.630 58.6 18,009 308.935 129.161 36.184 23.075 391939 773.666 35.491 41,930 139.558 170.466 115,954 9.283 1.778.377 1.679.287 Cost or voluation atr 31 December 2023 15 represented by.. L1sted investments Cost 1,778,377 17. DEBTOR5: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Trade debt￿5 Other debtors VAT Prepayments ond accrued Income 126.839 298,912 262 1,057 147.378 134,822 261,661 447,6( Page31 continued... UGHTHOVSE CONSTrUCTION INDUSTRY CHARITY NOTES TO THE FINANCIAL STATEMENTS - ¢¢ntlnued FOR THE YEAR ENDED 31 DECEMBER 2023 18. CREDITORS: AMOUNTS FALLING DUE WITHIM ONE YEAR 2023 2022 Trade creditors Social s8curty ond other taxes VAT other credilors AccTuals Deferrèd income 26.533 60.179 23.637 12.7791 113,468 141.898 63,015 23,C07 6,674 152.433 45,192 362.936 290.921 LEASING AGREEMENTS Minimvm leose payments under non-concellable tsperoting leases bll dve a5 FoUow5- 2023 X)22 Within one yeor Between one ond I￿e years 21.292 21.292 33,142 33.142 ANALYSIS OF MET ASSETS BETWEEN FUNDS 2023 Total lunds 2022 Total furKts Urweslrfcled lunth Re5trirted fund5 FLx8d 05sets Investments Current assets Currenl liobdilie5 11.46CI 1.778,377 1.636,444 362.9361 13.219 1.679.287 1.720,249 290.9211 1.778.377 1,550,832 362,9361 185,6121 3,063,345 85.612 2,977,733 3,127,834 21. MOVEMENT IN FUNDS Trcnsler5 between fund5 movement in funds At 31.12.23 At 1.1.23 Unrèsfrlcled funds General fund Six monlh conlin9ency ￿nd 2.542.222 500, 1150.1011 85,612 2,477,733 500,( 3.042.222 1150,1011 85,612 2.977.733 Reslrlcled funds Building mental heatth 85.612 185.6121 TOIAL FUNDS 3,127.834 150,1011 2.977.733 Poge 32 eonlnu8d... UGHIHOUSE CONSTrUCTION INDUSTRY CHARITY NOTES TO THE FINANCIAL STATEMENTS - conflnued FOR THE YEAR ENDED 310ECEMBER 2023 21. AIOVEMENT IN FUNDS- conllnued Nel movemen* in fvnd5, ￿Cluded in Ihe obove ore 05 follow5.. Incoming resourc95 Rèsourcès expended Gains and losses Movemènt in funds Uni•thkl•d fvnds General fiJnd 3,356.285 13.$88.2051 81.819 TOTAL FUNDS 3.356,2 3.&88.205 81.819 150.101 Comporthes lor movemenl kn funds Nèt movement in funds Tronsf behveen fund5 Al 31.12.22 Al 1.1.22 Unresfrlckd fvnds General fun Six month conlSngency fund 2,367.890 2￿.(￿x) 424.332 1250.OCtIl 250.CKIO 2,542.222 500.0(M) 2.617.890 424,332 3,042.222 Resfrlcted Ivnds Building mental health Othèr r8stricted lund5 55.700 120,0881 35.612 5D,OC(J 55,7QX) 29,912 85.612 TOTAL FUNDS 2.673.590 454.244 3,127.834 Comparative r)et movement in lunck. ￿el￿ded in Ihe obove are as fo15ows'. Incoming resources Resouiees exp9ndgd Guns and 105ses Movement in funds Unresfrlcted funds G¢n&rol fvnd 3.502.348 12,860,8191 1217.1971 424,332 R•slikt•d funds Bvilding mentol health Other restricled fur)ds 135,610 50,OC¥) 1155.6981 120,rA61 185.610 155,698 29,912 TOTAL FUNDS 3.016.517 217,197 454,244 Page 33 continued... LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY NOTES TO THE FINANCIAL STATEMENIS . ¢onflnved FOR THE YEAR ENDED 31 DECEMBER 2023 EMPLOYEE BENEFrr OBUGATIONS The charity operole5 a defined ¢ontribution pension 5chemg lor oll quoltying employees. The as$8ls ot the scheme ole held 5eparate￿ from those of lh8 chority in an indep&ndèntty odrninistered fund. The chorgÈ to profft or Joss in respecl of defined contribution schemès wos £ £36,839 12022.. £22,505]. 23. RELATED PARTY DISCLOSURES The remuneration of key management personnel i% as follow5.. 2tr23 2022 Aggregole compen5Qtion 219,269 185,943 The chorify ￿ not oware ol ony Iransacthons rek]ling to the Iron51er of resources. services ￿ obfigotions between relcrted porties. regardless ofwhether o pr￿e was charged. durng the accounting p&riod. The Irustees ore drown tr<)m the constnjction wodd ond Iherelore there may be donat￿nS ond olhor tran50CtDn5 befv•een the chorfly ond Ihe companEs that the Ir¢Jsl¢es work for. Poge 34 LIGHTHOU5t CONSTRUCTION INDUSTRY CHARITY DETAILED STATEMENT OF FINANCIAL ACTivinES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOME AND ENDOWMENTS Dongllgn5 and le9ocle¥ Donolions Gitt aid 2,533,376 42,448 2,043.292 52,076 2,575.824 2.095.308 Olh•r Irodlng octlvllles FLA7dra￿Irng events 498,326 .441,710 Investment Income In¢omo from listed investments lThteresl receivable 29.264 1 S.263 33,707 15,270 Churfloble aclfvltles Services provid8d under eontroct 248.428 135,610 Tolal Incomlng rewurt•s 3,3S6,285 3.687,958 EXPENDITURE Ra15kng don01￿n$ and kga¢los Wages Sociol seeurily Ponsions IAurkeling Other fundraislng costs Direct event costs (note 51 Regional support Office costs Bod debts Foreign exchange loss Deprecialion ol tongble fixed o55ets Less- expenditure allocated lo Welfare and Benevolence 1.114.785 117,162 36.￿? 157,776 131,509 318.315 66,051 91.965 38 9,166 6.951 754.635 75,028 22.5C)5 107,020 106.623 794,190 17,686 91.883 450 118,6901 5.468 727,875 488,301 1.322.682 1,468.497 Charllable aetNili*i Beneftciary grants (Fo￿, ￿lIe goods and counsellingl Construction industry help¥ne orid case workets Education ond t¥aining (Wellbeing Acodemyl Heamh safety innovotK)n 467.974 420.49D 786,930 266.759 7D8,175 525,277 308.855 267.413 2.229.838 1,522. This page doo5 not form port of the stolulory financial 51olements Page 35 LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY DETAILED STATEMENT OF FINANCIAL ACTIVIIIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Charllabl• acllvHI•s Other L05s on 501e ol tangible osset5 Support cosls Govèmtsnce costs Auditors. remuneration Legol and profe55ional lees Trustee fdeetings Manogemenl Fee5 7.730 9.386 5.403 12.726 8.250 5,073 1 11,132 35,245 25.985 Totol resowces expended 3,588,205 3.016,517 Nel (expendllur•)Iln¢M* boloie galns and loss 1231,9201 671A41 Realtsed r•cognlsed gqlns and 10$5es Realised gainsll1055851 on r￿d asset inv85tment5 81.819 217,1971 Net {expendllwe)/lncom• 150,101 454.244 Thls page doe5 not lom part ol the slalulory financial stalements Pog¢ 36