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2025-12-31-accounts

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Charity registration number 1149488 (England and Wales) Company registration number 08244118

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Mulcahy
J Mendelle
I C Carey
R N Brown
R O'Loughlin
R H Devine
J Vezey
L C Gallagher
E G Naylor
Chief Executive Officer S Bolton
Charity number (England and Wales) 1149488
Company number 08244118
Registered office Suffolk Enterprise Centre
Felaw Street
44 Felaw Street
Ipswich
IP2 8SJ
Auditor Sedulo Audit Limited
5th Floor Walker House
Exchange Flags
Liverpool
Merseyside
United Kingdom
L2 3YL
Bankers Lloyds Bank
79 High Street
Chesham
Buckinghamshire
HP5 1DE

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

CONTENTS

Page
Trustees' report 1 - 10
Statement of trustees' responsibilities 11
Independent auditor's report 12 - 14
Statement of financial activities 15 - 16
Balance sheet 17
Statement of cash flows 18
Notes to the financial statements 19 - 34

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

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

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

Objectives and activities

Our History

The Lighthouse Charity has been delivering charitable support to the construction community since 1956. It all began one evening when a group of gentlemen who had been attending a Ministry of Public Buildings and Works exhibition on Tyneside, found themselves on the seafront at Whitley Bay. Under the light of St Mary’s Lighthouse, they made a pledge to support those in the industry who were suffering financial hardship through illness, injury or bereavement. And so the Lighthouse Club (as it was then known) was formed.

The Lighthouse Club Benevolent Fund was established in 1962 as a registered charity to act as a conduit between the fundraising activities and the beneficiaries supported.

In October 2012, the Lighthouse Club and the Lighthouse Club Benevolent Fund merged into a new charity called the Lighthouse Construction Industry Charity.

On 31 October 2013 the charity merged the assets of the National Lighthouse Club and on 31 December 2013 the charity, with the permission of the Charity Commission, also merged the assets of the Lighthouse Club Benevolent Fund Charity (charity number 205670).

Our Mission

To ensure that our construction community can easily access the emotional, physical and financial wellbeing support they need and to develop healthy and sustainable futures for this generation and the next.

How we raise our funds

The charity has five primary income sources:

1. Events

We fundraise through the delivery of events, which are also used to recruit new members. These range from annual gala dinners, sporting events, and unique fundraising activities.

2. Membership Subscriptions

We enjoy the support of over 3,000 individual supporters who donate an annual subscription to the charity. Our supporters do not accrue any benefits, nor do they have any voting rights on the operation of the charity.

3. Corporate Engagement

The charity has a company supporter programme whereby companies commit an annual donation to provide annuity income for the charity. Companies are also encouraged to support the charity through their own fundraising activities.

4. Trusts, Foundations and Legacies

The charity benefits from a small number of third-party trusts, foundations and legacies.

5. Donated Goods and Services

The charity receives donations of goods and services from both corporate and individual supporters, and these are often used as auction items at our charitable events.

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

Public benefit

The charity is registered with the Fundraising Regulator and is committed to following the Code of Fundraising Practice and the Fundraising Promise.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Charitable Services

The charity provides 24/7 holistic support to the UK and Ireland construction community on all aspects of emotional, physical and financial wellbeing.

Support can be accessed through a free and confidential 24/7 helpline, live web chat service and text facility. Access to the charity’s Critical Incident Support team is also managed through the helpline.

These services are complemented by a free self-support app, along with a network of Lighthouse Beacons that provide a safe space for people to share concerns.

The charity’s Wellbeing Academy offers a variety of free soft skills and leadership training to suit varying learning styles and roles within the industry.

Grant making policy

The charity’s caseworkers conduct a holistic review of the client’s circumstances and award grants based on needs and within delegated approval levels. If required, the client’s case will be referred to the Caseworker Manager for additional support and awards.

The trustees have delegated authority for:

The Director of Charitable Services produces a monthly report for the Charitable Giving Committee.

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

Achievements and performance

Significant activities and achievements against objectives

2025 continued to present significant challenges for the construction industry, with ongoing labour shortages and increased costs of living and material costs. Through strategic partnerships, awareness of the charity's services continues to grow, enabling more individuals to access support when needed. The charity was able to respond to increased demand for its services.

24/7 Helpline - The cornerstone to the charity's reactive support services is the 24/7 helpline, which is resourced by in-house, highly trained frontline advisers, supported by specialist case workers. In 2025, the helpline supported 6,712 families. (An increase from 5,695 in 2024). Before releasing the charity’s funds, our caseworkers leverage support from other charities and ensure the client has accessed their statutory entitlements. The leveraged support for the year was £2,764,506 (2024: £2,227,130).

Education and training - The charity continues to expand its Wellbeing Academy, which offers free and easily accessible training that embraces every style of learning from self-paced, eLearning through to online tutor-led courses. It offers a variety of courses that support everyone in our industry, from soft skills training, Lighthouse Wellbeing Exclusives and MHFAaccredited qualifications. The training is designed to equip our construction workforce with the soft skills required to navigate today’s work and home challenges. In 2025, we delivered tutor-led training to 6,077 people and provided 1,693 e-Learning modules.

MakeItVisible On Site - Our # MakeItVisible on-site initiative is reaching out to some of our industry’s most vulnerable workers. Our team share their own lived experiences, giving others the confidence to reach out for support without stigma. In 2025 we visited 677 sites (2024: 572) and engaged with 32,089 site workers (2024: 28,070).

Critical Incident Support – This service provides an immediate response and specialist support to sites or workplaces where a critical incident, such as an accident or suicide, has occurred. Last year, the team were called to 94 incidents (2024: 66 incidents), resulting in a cost of £195,306 (2024: £125,957).

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

Financial review

The charity has delivered another strong financial performance in 2025, demonstrating its financial and operational robustness over a period of increased need for its services and in the face of further economic uncertainty for the sector.

Income

The charity experienced a year-on-year growth in revenue, we received £4,989,188, which is an 11% increase on 2024 (£4,498,967). This is the total of all our activities.

Donations and legacies received during the year were £4,222,359 (2024: £3,607,915). This represents an increase of 17% over 2025. The charity’s company supporter programme continues to provide a predictable and sustainable income. As of 31st December 2025, the programme delivered an annual income of £3,138,693 (compared to £2,760,872 in 2024). Our company supporters are managed by our regional Partnership Managers who ensure that each organisation is accessing all of the resources available to them and that the message of support extends beyond the boundaries of the workplace.

The charity is supported by 21 volunteer-led Regional Lighthouse Committees. These committees operate independently and are tied to the charity through an affiliate agreement. This agreement grants the committee the right to use the charity's name and logo and sets out an operating framework to protect both the charity and the committee. Each committee delivers fundraising and networking events throughout the year, and all profits are deposited with the charity.

As we increased focus on supporting our Regional Committees in the UK and Ireland, they have responded with a 35% (£204,364) increase in fundraising to £792,643.

The charity received legacy income of £50,071 (2024: £20,000).

Other trading income totalled £615,626 (2024: £796,661).

Expenditure

The total charity expenditure increased 25% to £5,740,202 (2024: £4,582,512). This was driven by the total expenditure on the delivery of charitable services, which by grew 33% to £4,419,380 (2024: £3,332,198).

There was significant growth in demand for our services, supporting 6,712 families in 2025 (2024: 5,695).

This has inevitably related in greater expenditure of grants to beneficiaries, meals delivered and the cost of counselling. It has also driven the need for increased front-line support and expansion of the caseworker team.

The charity continues on its mission to ensure that our construction community can easily access the emotional, physical and financial wellbeing support they need and to develop healthy and sustainable futures for this generation and the next.

Going concern

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

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

Reserves policy Rationale

A reserves policy is required to explain to existing and potential funders, donors, beneficiaries and other stakeholders why the charity is holding a particular amount of reserves. It will provide confidence to stakeholders that the charity’s finances are being properly managed and will also provide an indicator of future funding needs and its overall resilience.

It will negate the risk to a charity’s reputation from holding substantial unspent funds at the year-end without explanation. It will give funders, such as grant-makers, an understanding of why funding is needed to undertake a particular project or activity.

Risk

The charity’s reserves policy provides assurance that the finances of the charity are actively managed and its activities are sustainable.

• Higher reserves than necessary may tie up money unnecessarily. Holding excessive reserves can unnecessarily limit the amount spent on charitable activities and the potential benefits the charity can provide.

• Too low reserves increase the risk to the charity’s ability to carry on its activities in future in the event of financial difficulties, and increase the risks of unplanned and unmanaged closure and insolvency.

Responsibility

The Audit & Governance committee are responsible for the charity’s Reserves Policy. The Audit & Governance committee will review the policy at least annually as part of the charity’s planning processes. The amount held in reserves will be monitored during the course of the year as part of a charity’s budgetary processes.

Annual budget approvals by the Trustee Board should consider compliance with the charity’s Reserves Policy.

If reserves during the year are below target or exceed target, the trustees should consider whether this is due to a short-term situation or a longer-term issue. Action may be needed to replenish or spend reserves by:

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

Reporting

The Annual Report will consider the following when reviewing the charity’s reserves:

• State the amount of total funds the charity holds at the end of the reporting period.

• Compare the amount of reserves with the charity’s reserves policy and explain, where relevant, what steps are being taken to bring the amount of reserves held into line with the level of reserves identified by the trustees as appropriate given their plans for the future activities of the charity.

Policy

The charity will hold a minimum of 50% of the charity’s annual operating costs. The charity could significantly scale down operations within 3 months in the event of unforeseen financial difficulties; therefore, this policy will provide the charity with a minimum of 12 months’ funding on a reduced operating basis. The charity will hold a maximum of 100% of the charity’s annual operating costs.

At the year end, the charity held funds amounting to £2,173,723 (2024 £2,864,782), of which £1,613,294 (2024 £2,304,782) were unrestricted, £500,000 (2024 £500,000) were designated from the unrestricted fund and £60,429 (2024 £60,000) were restricted.

Investment policy

During the year, the trustees made no further investment with investment manager Brewin Dolphin. The total cash investment stands at £764,981. The overall investment valuation resulted in a 2025 gain of £59,955 (2024 £97,433).

During the year, the investment account with Insignis Asset Management comprising of interest bearing, multi-deposit accounts generated £72,279 of interest, received in the year. The total value of the investment account at the year-end was £1,581,436 (2024 £2,266,596) due to a withdrawal of £757,288 to cover the increase in charitable service demand.

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

Major risks

The trustees examine and review quarterly the major strategic, business and operational risks which the charity faces and confirm that systems have been established so that the risks may be effectively monitored and their impact mitigated as far as possible. The principal risks identified by the trustees and the control procedures used to mitigate those risks are:

Risk Response
Insufficient reserves to meet the charity's needs Ensure a broad range of funding sources resulting in
no excessive dependency on a single donor or
income stream.
Insufficient reserves to meet the charity's needs Ensure management information is timely and
accurate. Also regularly review the forward
commitments against the level of reserves.
Vulnerable person issues Develop a policy and implement for volunteers with
access to vulnerable people. Ensure contracted
programme partners have up to date vulnerable
person policies and processes.
Fraud / misappropriation causing loss of income, limits
are reputation or relationship damage activities
Ensure financial controls and authorisation limits are
implemented. Track central and regional activities,
income and use of the charity name. Investigate
where any problems are identified.

Plans for future periods

The charity's vision remains resolute that “No construction worker or their family should be alone in a crisis”, and we are continuing with our A, B, C of charity priorities;

A – Awareness – Generate greater awareness of our wellbeing services within our construction community.

B – Building and Serving Communities - Engage, inform and develop the communities that support us, and understand and support the communities that rely on us.

C – Continuous Process Improvement - Focus on our people and processes to maximise efficiency, economy and effectiveness.

Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006, company number 0824418, incorporated on 8 October 2012. Registered Charity No. UK 1149488, Registered Charity No. ROI 20200334. The charity is governed by its Memorandum and Articles of Association.

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

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

J Mulcahy J Mendelle I C Carey R N Brown J Conway (Resigned 9 June 2025) R O'Loughlin R H Devine J Vezey L C Gallagher E G Naylor A Oberoi (Appointed 1 April 2025 and resigned 15 July 2025)

Recruitment and appointment of trustees

New trustees are appointed by the board of trustees which seeks to ensure that there is a broad range of relevant skills and experience on its body.

Management

The charity employs a full time Chief Executive, who is supported by full time and part time staff. In addition, a number of external contractors are engaged to carry out certain operations of the charity.

The Chief Executive prepares a detailed business plan and an annual financial budget which are reviewed by the trustees. The performance of the charity is measured by the trustees against both the business plan and the annual budget on a quarterly basis.

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

Board and Committees

The board of trustees meets at least four times each year. The charity seeks to involve as many trustees as possible in different aspects of its operations, for example sitting on internal committees, helping organise events, liaising with Regional Lighthouse Clubs, attending Regional Lighthouse Club committee meetings and functions, and assisting with our charitable projects.

In order to promote good governance and best practice, the board of trustees has three committees:

The Audit and Governance Committee:

Is made up of a trusted chairperson 2 other trustees, Its responsibility is to ensure that all matters of good governance and best practice are effective throughout the entire organisation of the charity. Its responsibility is also to consider reports from the auditor and advise the board of trustees on financial control and effectiveness.

This committee also reviews the remuneration of the Chief Executive and other key staff members on an annual basis.

Nominations Committee:

Has a trustee chairperson and co-opts other Lighthouse Club supporters to join as and when specialist knowledge is required. Its responsibility is to continually review the members of the board, identify skill gaps within our governance structure and nominate potential candidates to the board as new trustees.

The trustees are provided with detail of their responsibilities as charity trustees upon their appointment. This includes a copy of the Charity Commission's "Essential Trustee" booklet.

Trustees are encouraged to attend training events to brief them on their legal and other obligations under charity and company law, whilst assisting them in their role as a board member.

The Charitable Giving Committee:

I comprised of a trusted chairperson who is trustee and has another trustee and the Director of charitable services. Its responsibility to ensure that all support services are provided in a fair and consistent way and that any new service are brought for consideration. Any large grants are also considered by this board.

Regional Lighthouse Clubs

The charity is supported by 21 Regional Lighthouse Clubs run by their own volunteer Committees. These Regional Lighthouse Clubs operate independently and are tied to the charity through an affiliate agreement. The charity is very much indebted to the Regional Lighthouse Clubs. These Clubs are staffed entirely by volunteers (more than 150 in all), who are drawn from their membership and include a chairperson, a secretary, a treasurer and a welfare officer. The constitution of each Club can be different but is broadly based on a central model and they are tied to the charity via an affiliate agreement. This agreement grants the Club the right to use the charity's name and logo and sets out an operating framework to protect both the charity and the Club.

The Regional Lighthouse Clubs operate throughout almost the entirety of the British Isles. The Clubs deliver fundraising and networking events throughout the year and pass over the surplus takings by way of a donation to the charity.

Auditor

In accordance with the company's articles, a resolution proposing that Sedulo Audit Limited be reappointed as auditor of the company will be put at a General Meeting.

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

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

.............................. L C Gallagher Co-Chair 31-Mar-2026 | 7:01 PM BST Date: .............................................

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.............................. E G Naylor Co-Chair 27-Mar-2026 | 11:43 AM GMT

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees, who are also the directors of Lighthouse Construction Industry Charity for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

Opinion

We have audited the financial statements of Lighthouse Construction Industry Charity (the ‘charity’) for the year ended 31 December 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including 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 charity 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 charity’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.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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.

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose 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 charity’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 charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 an auditor's report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We obtained an understanding of legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amount and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act (2006), the Charities Act (2011) together with the Charities SORP (FRS 102). The risks were discussed with the audit team and we remained alert to any indications of non-compliance throughout the audit. These included the following:

We discussed with trustees, directors and management the policies and procedures in place to ensure compliance with laws and regulations and otherwise prevent, deter and detect fraud.

Reviewing Board minutes, reviewing any correspondence with the Charity Commission, agreeing the financial statement disclosures to underlying supporting documentation, enquiries of management and officers of the charity and a review of the risk management processes and procedures in place.

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LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

Management override: To address the risk of management override of controls, we carried out testing of journal entries and other adjustments for appropriateness. We reviewed systems and procedures to identify potential areas of management override risk.

We also assessed management bias in relation to the accounting policies adopted and in determining significant accounting estimates, including treatment of donations and the valuation of investments.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with law and regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Katelyn Dutton (Senior Statutory Auditor)

For and on behalf of Sedulo Audit Limited, Statutory Auditor Chartered Accountants 5th Floor Walker House Exchange Flags Liverpool Merseyside L2 3YL United Kingdom Date: ......................... 09-Apr-2026 | 11:08 PM BST

Sedulo Audit Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted
funds
2025
Notes
£
Income and endowments from:
Donations and legacies
3
4,192,359
Charitable activities
4
39,767
Other trading activities
5
615,626
Investments
6
86,075
Other income
7
111
Total income
4,933,938
Expenditure on:
Raising funds
8
1,314,155
Charitable activities
Building Mental Health
9
-
Welfare & Benevolence
9
2,644,069
Education & Training
9
775,387
Health & Safety
Innovation
9
973,074
Total charitable
expenditure
4,392,530
Total expenditure
5,706,685
Net gains/(losses) on
investments
59,955
Net income/(expenditure)
(712,792)		 Restricted
funds
2025
£
30,000
25,250
-
-
-
55,250
-
3,517
-
30,000
-
33,517
33,517
-
21,733		 Total
Unrestricted
funds
2025
2024
£
£
4,222,359
3,547,915
65,017
22,652
615,626
796,661
86,075
46,489
111
-
4,989,188
4,413,717
1,314,155
1,250,314
3,517
19,704
2,644,069
1,803,058
805,387
586,130
973,074
898,056
4,426,047
3,306,948
5,740,202
4,557,262
59,955
97,433
(691,059)
(46,112)		 Restricted
funds
2024
£
60,000
25,250
-
-
-
85,250
-
25,250
-
-
-
25,250
25,250
-
60,000		 Total
2024
£
3,607,915
47,902
796,661
46,489
-
4,498,967
1,250,314
44,954
1,803,058
586,130
898,056
3,332,198
4,582,512
97,433
13,888

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted
funds
2025
Notes
£
Net income/(expenditure)
(712,792)
Transfers between funds
21,304
Net movement in funds
11
(691,488)
Reconciliation of funds:
Fund balances at 1 January 2025
2,804,782
Fund balances at 31 December
2025
2,113,294		 Restricted
funds
2025
£
21,733
(21,304)
429
60,000
60,429		 Total
Unrestricted
funds
2025
2024
£
£
(691,059)
(46,112)
-
-
(691,059)
(46,112)
2,864,782
2,850,894
2,173,723
2,804,782		 Restricted
funds
2024
£
60,000
-
60,000
-
60,000		 Total
2024
£
13,888
-
13,888
2,850,894
2,864,782

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

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

BALANCE SHEET

AS AT 31 DECEMBER 2025

Notes
Fixed assets
Tangible assets
15
Investments
16
Current assets
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within one year
18
Net current liabilities
Total assets less current liabilities
The funds of the charity
Restricted income funds
21
Unrestricted funds
22		 2025
£
100,038
352,025
452,063
(661,963)		 £
37,206
2,346,417
2,383,623
(209,900)
2,173,723
60,429
2,113,294
2,173,723		 2024
£
96,609
256,307
352,916
(488,669)		 £
37,476
2,963,059
3,000,535
(135,753)
2,864,782
60,000
2,804,782
2,864,782

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025. However, an audit is required in accordance with section 144 of the Charities Act 2011.

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

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

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

companies regime.
27-Mar-2026
The financial statements were approved by the trustees on .........................
.............................. ..............................
L C Gallagher E G Naylor
Co-Chair Co-Chair

Company registration number 08244118 (England and Wales)

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from operations
27
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed assets
Cash transferred from investment portfolio
Purchase of investments
Proceeds from disposal of investments
Investment income received
Net cash generated from/(used in) investing activities
Net cash generated from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(19,552)
1,999
(2,140)
(227,234)
905,970
86,075		 2024
£
£
£
(649,400)
42,325
(37,208)
-
12,510
(2,926,725)
1,826,966
46,489
745,118
(1,077,968)
-
-
95,718
(1,035,643)
256,307
1,291,950
352,025
256,307

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

1 Accounting policies

Charity information

Lighthouse Construction Industry Charity is a private company limited by guarantee incorporated in England and Wales. The registered office is Suffolk Enterprise Centre, Felaw Street, Ipswich, IP2 8SJ.

1.1 Accounting convention

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

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The regional Lighthouse Clubs are all independent unincorporated associations and as such their income, expenditure and balance sheets are not included in these financial statements.

1.2 Going concern

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

1.3 Charitable funds

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

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

1.4 Income

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

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

Donations in kind are included in income when the benefit to the charity is reasonably quantifiable and measurable. Donated goods are not recognised if not practical to do so at the point of the gift. Donated goods and services where practical are valued by the trustees at the amount the charity would have paid for the goods and services on the open market.

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

1 Accounting policies

(Continued)

1.5 Expenditure

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

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

1.6 Tangible fixed assets

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

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

Computers 33% on cost

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

1.7 Fixed asset investments

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

1.8 Impairment of fixed assets

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

1.9 Cash and cash equivalents

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

1.10 Financial instruments

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

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

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

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

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

1.11 Employee benefits

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

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

1.12 Retirement benefits

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

1.13 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

2 Critical accounting estimates and judgements

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

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

The trustees do not consider there to be any key sources of estimation uncertainty that have a significant impact on the amounts recognised in the financial statements.

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

3 Income from donations and legacies

Unrestricted
funds
2025
£
Donations and gifts
4,142,288
Legacies
50,071
4,192,359
Donations and gifts
Regional Lighthouse Club
Donations
792,643
Company Donations
3,138,693
Individual Donations
33,166
General Donations
101,189
Gift Aid
76,597
4,142,288
4
Income from charitable activities
Unrestricted
funds
2025
£
Building Mental Health
Building Mental Health
Services
39,767		 Restricted
funds
2025
£
30,000
-
30,000
-
-
-
30,000
-
30,000
Restricted
funds
2025
£
25,250		 Total
Unrestricted
funds
2025
2024
£
£
4,172,288
3,527,915
50,071
20,000
4,222,359
3,547,915
792,643
588,279
3,138,693
2,700,872
33,166
34,886
131,189
108,106
76,597
95,772
4,172,288
3,527,915
Total
Unrestricted
funds
2025
2024
£
£
65,017
22,652		 Restricted
funds
2024
£
60,000
-
60,000
-
60,000
-
-
-
60,000
Restricted
funds
2024
£
25,250		 Total
2024
£
3,587,915
20,000
3,607,915
588,279
2,760,872
34,886
108,106
95,772
3,587,915
Total
2024
£
47,902

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Income from Fundraising Events (Christmas Lunch, Marathon, Challenges etc) 614,124 796,661
Merchandise Income 1,502 -
Other trading activities 615,626 796,661

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

6 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Income from listed investments 13,796 32,775
Interest receivable 72,279 13,714
86,075 46,489
7 Other income
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net gain on disposal of tangible fixed assets 111 -
8 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Staging fundraising events 309,576 481,312
Advertising 118,838 130,249
Investment management fees 5,233 11,819
Staff costs 873,383 626,934
1,307,030 1,250,314
Trading costs
Merchandise costs 7,125 -
Total costs 1,314,155 1,250,314

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

9 Expenditure on charitable activities

Building
Mental Health
Welfare &
Benevolence
Education &
Training
Health &
Safety
Innovation
2025
2025
2025
2025
£
£
£
£
Direct costs
Staff costs
-
887,108
157,878
63,049
Beneficiary grants
-
975,013
-
-
Construction industry helpline and case
workers
-
71,119
-
-
Wellbeing Academy
-
-
518,929
-
Make It Visible Onsite
-
-
-
858,677
Prison Innovations
3,517
-
-
-
3,517
1,933,240
676,807
921,726
Share of support and governance costs (see note 10)
Support
-
631,771
114,280
45,637
Governance
-
79,058
14,300
5,711
3,517
2,644,069
805,387
973,074
Analysis by fund
Unrestricted funds
-
2,644,069
775,387
973,074
Restricted funds
3,517
-
30,000
-
3,517
2,644,069
805,387
973,074		 Total
2025
£
1,108,035
975,013
71,119
518,929
858,677
3,517
3,535,290
791,688
99,069
4,426,047
4,392,530
33,517
4,426,047

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

9 Expenditure on charitable activities (Continued)
Previous year: Building Welfare & Education & Health & Total
Mental Health Benevolence Training Safety
Innovation
2024 2024 2024 2024 2024
£ £ £ £ £
Direct costs
Staff costs - 560,819 91,686 60,863 713,368
Beneficiary grants - 604,697 - - 604,697
Construction industry helpline and case
workers - 60,790 - - 60,790
Wellbeing Academy - - 406,834 - 406,834
Make It Visible Onsite - - - 645,530 645,530
Critical Incident Support - - - 125,957 125,957
Prison Innovations 44,954 - - - 44,954
44,954 1,226,306 498,520 832,350 2,602,130
Share of support and governance costs (see note 10)
Support - 545,780 82,904 62,178 690,862
Governance - 30,972 4,706 3,528 39,206
44,954 1,803,058 586,130 898,056 3,332,198
Analysis by fund
Unrestricted funds 19,704 1,803,058 586,130 898,056 3,306,948
Restricted funds 25,250 - - - 25,250
44,954 1,803,058 586,130 898,056 3,332,198

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

10 Support costs allocated to activities

10
Support costs allocated to activities
Staff costs
Depreciation
Other staff costs
Premises costs
Office costs
Insurance
Regional support
Travel and meetings
Bank charges and foreign exchange
Governance costs
Analysed between:
Welfare & Benevolence
Education & Training
Health & Safety Innovation
Governance costs comprise:
Audit fees
Accountancy
Legal and professional
Trustee meetings
Other governance fees
11
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Profit on disposal of tangible fixed assets
Operating lease charges		 2025
£
312,801
17,935
88,984
25,246
109,810
8,284
14,589
177,456
36,583
99,069
890,757
710,829
128,580
51,348
890,757
2025
£
20,320
14,763
58,682
1,216
4,088
99,069
2025
£
20,320
17,934
(111)
24,250		 2024
£
218,902
11,192
173,888
27,303
82,179
8,227
24,342
99,999
44,830
39,206
730,068
576,752
87,610
65,706
730,068
2024
£
13,800
21,238
1,364
-
2,804
39,206
2024
£
7,730
11,192
-
21,672

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

12 Trustees

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

None of the trustees received expenses during the current or previous years.

13 Employees

The average monthly number of employees during the year was:

Welfare and Benevolence
Education and Training
Health and Safety Innovation
National Office and Marketing
Partnerships
Total		 2025
Number
25
4
2
11
12
54		 2024
Number
19
3
1
10
7
40

The Welfare and Benevolence numbers increased to meet the rising demand for support services, driven by a higher volume of calls and cases.

The Partnerships team increase was to facilitate engagement with industry employers and bodies.

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
£
1,988,904
235,729
69,586
2,294,219		 2024
£
1,371,469
138,297
49,438
1,559,204

Redundancy and termination payments totalling £14,318 were made in the reporting period.

The number of employees whose annual remuneration was more than £60,000 is as follows:

2025 2024
Number Number
£60,001 - £70,000 1 1
£70,001 - £80,000 - 1
£80,001 - £90,000 1 -
£90,001 - £100,000 1 -

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

13 Employees

(Continued)

Remuneration of key management personnel

The remuneration of key management personnel are considered to be the Trustees (who are not remunerated) and the CEO, Head of Finance, Director of Charitable Services, Director of Partnerships, Head of Training and Tours, and Head of Marketing.

Marketing.
2025 2024
£ £
Aggregate compensation 389,460 317,121

During 2024, the key management personnel group comprised of three roles. In 2025, the structure was expanded to include six senior management positions, reflecting the charity’s continued organisational growth and the need for enhanced leadership capacity across operational, financial, and strategic functions.

14 Taxation

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

15 Tangible fixed assets

Tangible fixed assets
Computers
£
Cost
At 1 January 2025 64,497
Additions 19,552
Disposals (1,999)
At 31 December 2025 82,050
Depreciation and impairment
At 1 January 2025 27,021
Depreciation charged in the year 17,934
Eliminated in respect of disposals (111)
At 31 December 2025 44,844
Carrying amount
At 31 December 2025 37,206
At 31 December 2024 37,476

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

16
Fixed asset investments
Listed
investments
Unlisted
investments
£
£
Cost or valuation
At 1 January 2025
696,463
2,266,596
Additions
155,106
72,128
Valuation changes
62,094
-
Disposals
(148,682)
(757,288)
At 31 December 2025
764,981
1,581,436
Carrying amount
At 31 December 2025
764,981
1,581,436
At 31 December 2024
696,463
2,266,596
2025
Investments at fair value comprise:
£
UK equities
126,199
Other equities
414,684
Property
21,519
Commodities
21,443
Bonds
122,791
Other investments
29,712
Cash product
16,312
Cash
12,321
764,981
17
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
1,798
Other debtors
9,750
Prepayments and accrued income
88,490
100,038		 Total
£
2,963,059
227,234
62,094
(905,970)
2,346,417
2,346,417
2,963,059
2024
£
152,930
350,955
20,376
13,887
116,075
27,690
6,973
7,561
696,447
2024
£
65,225
-
31,384
96,609

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

18
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
19
Trade creditors
Other creditors
Accruals
19
Deferred income
Other deferred income		 2025
£
47,439
320,955
147,388
15,054
131,127
661,963
2025
£
320,955		 2024
£
37,795
206,600
130,620
7,873
105,781
488,669
2024
£
206,600

Deferred income is included in the financial statements as follows:

2025
£
Deferred income is included within:
Current liabilities
320,955
Movements in the year:
Deferred income at 1 January 2025
206,600
Released from previous periods
(206,600)
Resources deferred in the year
320,955
Deferred income at 31 December 2025
320,955		 2024
£
206,600
45,192
(45,192)
206,600
206,600

The income deferred during the year of £320,955 is in relation to annual supporters income received in advance of the programme start date.

20 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 69,586 49,438

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

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

21 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January Incoming Resources Transfers At 31 December Transfers At 31 December
2025 resources expended 2025
£ £ £ £ £
CABWI - Prison Innovation project - 25,250 (3,517) (21,304) 429
CABWI - Training - 30,000 (30,000) - -
Building Mental Health 60,000 - - - 60,000
60,000 55,250 (33,517) (21,304) 60,429
Previous year: At 1 January Incoming Resources Transfers At 31 December
2024 resources expended 2024
£ £ £ £ £
Building mental health - 85,250 (25,250) - 60,000

During 2024 and 2025, in collaboration with CABWI Awarding Body, Lighthouse delivered a pilot project in prisons to provide mental health and wellbeing training to prisons leavers to enable them to be able to gain a CSCS qualification to support access into sustainable employment in the construction industry on their release from prison. In the current year, £21,304 of funds have been transferred from restricted to unrestricted, to reflect the costs borne for this project by unrestricted funds in the prior year.

CABWI Awarding Body funded Mental Health First Aid training courses during 2025.

In the prior year, restricted donations of £60,000 were received from a number of companies, with the intention to ongrant these funds for specific restricted purposes. These funds continue to be held at 31 December 2025, as it has not yet been possible to pay out these grants yet for operational reasons, and at year end it is still expected that these grants will be disbursed in line with the restriction.

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

22 Unrestricted funds

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

At 1 January
2025
£
Six month
contingency fund
500,000
General funds
2,304,782
2,804,782
Previous year:
At 1 January
2024
£
Six month
contingency fund
500,000
General funds
2,350,894
2,850,894
Analysis of net assets between funds
At 31 December 2025:
Tangible assets
Investments
Current assets/(liabilities)		 Incoming
resources
Resources
expended
TransfersGains
£
£
£
-
-
-
4,933,938
(5,706,685)
21,304
4,933,938
(5,706,685)
21,304
Incoming
resources
Resources
expended
TransfersGains
£
£
£
-
-
-
4,413,717
(4,557,262)
-
4,413,717
(4,557,262)
-
Unrestricted
funds
2025
£
37,206
2,346,417
(270,329)
2,113,294		 and losses At 31
£
-
59,955
59,955
and losses At 31
£
-
97,433
97,433
Restricted
funds
2025
£
-
-
60,429
60,429		 December
2025
£
500,000
1,613,294
2,113,294
December
2024
£
500,000
2,304,782
2,804,782
Total
2025
£
37,206
2,346,417
(209,900)
2,173,723

23 Analysis of net assets between funds

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

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

23
Analysis of net assets between funds
Unrestricted
funds
2024
£
At 31 December 2024:
Tangible assets
37,476
Investments
2,963,059
Current assets/(liabilities)
(195,753)
2,804,782		 (Continued)
Restricted
Total
funds
2024
2024
£
£
-
37,476
-
2,963,059
60,000
(135,753)
60,000
2,864,782		 (Continued)
Restricted
Total
funds
2024
2024
£
£
-
37,476
-
2,963,059
60,000
(135,753)
60,000
2,864,782
2,864,782

24 Operating lease commitments

Lessee

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

Within one year
Between two and five years		 2025
£
3,121
-
3,121		 2024
£
18,106
602
18,708

25 Related party transactions

During the year, the charity recharged expenses totalling £45,668 relating to payroll and other office costs. The balance due to the charity at 31 December 2025 in respect of these transactions was £nil.

In the prior year, the charity made loans totalling £30,000 to Lighthouse Golf Club CIC and recharged expenses totalling £53,265 relating to payroll and other office costs. William Hill served as a director of Lighthouse Golf Club CIC during the prior year and was employed by the charity as CEO until 31 March 2024.

26 Subsidiaries

The charity has a wholly owned trading subsidiary, Lighthouse Construction Industry Trading Limited. The subsidiary is a company limited by guarantee of which the charity is the ultimate controlling party. The charity company secretary has been appointed as director of the subsidiary (Naomi Denning).

The trading subsidiary was incorporated on 22 December 2025 and did not undertake any trading activity in the year ended 31 December 2025. Consequently, consolidated accounts have not been prepared for the year.

Docusign Envelope ID: 723613AC-A18E-438F-857A-45CEE27BAC57Docusign Envelope ID: 5AB924B3-710A-4AE7-8E31-19E50B97D50B

LIGHTHOUSE CONSTRUCTION INDUSTRY CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

27
Cash (absorbed by)/generated from operations
2025
£
(Deficit)/surplus for the year
(691,059)
Adjustments for:
Investment income recognised in statement of financial activities
(86,075)
Gain on disposal of tangible fixed assets
(111)
Fair value gains and losses on investments
(59,955)
Depreciation and impairment of tangible fixed assets
17,935
Movements in working capital:
(Increase)/decrease in debtors
(3,429)
Increase in creditors
58,939
Increase in deferred income
114,355
Cash (absorbed by)/generated from operations
(649,400)		 2024
£
13,888
(46,489)
-
(97,433)
11,192
38,213
58,252
64,702
42,325