ChArlty reglstratlon Dumber: 1205290 The London Construction Academy Annual Report For the period from 19 October 2023 to 31 December 2024 JCA AccowDtawts 12 Bramble Ris¢ Cobham SurT¢y Kfi12HP The London Construction Academy Contents Reference AthninistrativeDetails TrL￿tees, R¢p)rt Statementof Trus¢¢s' iiwnsibilities Ind¢p¢nd¢ni ExaMIn￿'SR¢port Ststement of Financial Activities Balance Sheet Notes to the Finallcial Statetnents 7t09 The London Constructlon Academy Referenee and Ad￿finiStratIve Details RKremis- Chair M C A Hampwn MBE C A Malmaeus RHAMacDou8ald CWDLaing MAPratt Sir A W McAlpine Bt Charity Registration Number 1205290 Prlndpal Offlce Paviots, Hou¥# Cbarterhousc Square Londnn ECIM6AN BAnkers Metro Bank PIC llldepelldentEurniller JCAAcwuntallts 12 Bramble Rise CobhaTn KTI 12HP Page I The London Construction Academy Trustees, Report The trnsteespresent the annual report together with the financial stat¢]u¢uts of the Lharity for the period endrd 31 December 2024. Objethes aDd %eth4ties ObJ¢etsARdoims To adva￿ce education by cr¢ating, supportill¥ and facilitating PTogrammt5 of edurdtion, learning and trainkDg in the context of the construction and built ¢nvirunment industri¢s and potenti￿lY leading 10 ￿nployM¢￿t in the said induslly. Public beN¢fit The trustees IMve considered the ChaTity Commission's gencrnl guidancc on pllblÈe benefitwhen reYi¢wing the charitys aims and objectives. The trustees confimi that they have complied with the requirements of section 17 of tbe Charities Act 2011 to have ￿t regard to the public bcnefit guidan¢¢ published by the Charity CommÈlision for England and Wales. Fill￿£1￿1 reilew, achievemeDts perfornianct Prior to the forniation of thc CIO thc charity oporated within a compaJ)y iimit¢d by guarantee. the London Constrllction Academy LTmitcd {registration number 09020460) which ceased to operat¢ 31 March 2024. I)￿llg thc final pcriod of accounts (l January 2023 to 31 March 2024) grants of £61,063 were expend¢d. Objectives andpoli¢ies The clkarity's activities expose it to a number of flllancial risks including credit risL cash tlow risk and liquidiry risk. Th¢ use of financial derivativ¢s is gov¢rned by the charity's polici¢s approved by the board of tsust¢¢s, which provide written principles on the use of f]naELcial derivatives to manage thesc risks. Tbe charity do&$ not use derivative financial insln]rnents for speculative purposes. Since converting to a CIO in October 2023, thc LCA has developed a Business Plan for thc next 5 years. Whil¢ independent funding stream5 are being establishcd, the rc8ular courses have been funded by Thc Worshipful Company of Paviors. An Impact Report has been procured that shows tbe excellent outcomes the LCA ha￿ achieved from 2021 ty 2024. Th¢ h¢adlines ar¢ So¢ial Return on InvestLntnt of £13.87 for every £1 invested, helpittg 174 btudots who ellroll¢d on LCA courses of whith 39Q/o gained employment. Going forward the LCA plans to increas¢ and develop irs offer by extending Cours￿ to include site experien￿. provide speoifi¢ trade qualifications for high achieving students aud introducing post attendance mentorillg aThd supporL These are exciting times. The aDtLua] report approved by the ttustee8 of the charity oti 14 July 2025 and signed on its behalf by: RA Kremis Trnstee Page 2 The London Constructlon Aeademy Statement of Trustees, Responsibilities The trustees are reswnsible for preparing the tNstees' report and the financial ststements in accordattce with the United Kingdom Accounting Stalldards (Uniled Kingdom Generally ACcep￿d Accoimting Prac¢ic¢l and appliuble law and r¢gulalions. The law applicable to ¢h8Titi¢S r¢quir¢sthetruste&s to preparc f￿anCial sratemenrs for ea¢h financial period whsth give a true and fair view of the slate of affairs of the charity and of thc incorning resources and application of resources of the charity forthat period. In preparing these financial 5tat¢ments, the ttustees are required to.. select svitsble accountingpolicie5 8nd then apply th¢m consistently. obs¢rv¢ the methods and principles in the Charitie8 SORP. make judgcmcnts and estimates that arc reasonable and prnd¢tst stAte whether applicabl¢ a¢¢ounting standards have beenfollowed, subje¢l Lo anyrnateriil depattsr¢s disclosed and explained in thc financial statements- and prcparethe financial 8tstements on thegoing Concern basiswdess It is in2ppropria￿tOpre&ume thai thecbarity will continue in business. Th¢ Iwslees are responsiblc for keeping proper accow]ting rccords that disclose with rvdsonable accuracy at ally tim¢ the financial position of the charity aud etmble them to ensure ihat the finaDciai ststements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008. and theprovi5igns of th¢ collstilutLOn. Th¢ tNstees are also responsiblc for safegLLqrding tbe as8¢ts of th¢ charity and heace for taking ieasollable st¢ps fortheprevention and detection of fraud and other itregularities. The trustees are respon5ibl¢ for th¢ Tnaittt¢nance and integrity of the Gorporat¢ and financial information iTt¢luded on the clwitable company'5 website. L¢gislation governing th¢ prEparation and dis8uninktion of financial stalements may differ from legislation in other jurisdictions. Approvedby the trustces of the charity on 14 July 2025 and signed on its behaifby: R A KTemis Tr￿$tee Page 3 The London Constructlon Academy Independent Eiaminer's Report I report to the trustees Oll my examiTJatioll of the dccuunts of The London Construction Academy for the year ¢nd¢d 31 December 2024. Re5PODslbllttle5 and basis ofreport As the chaTity tr￿slee$ of The Lomdon Construction A¢thmy you are re5ponsibl¢ for the preparation of th¢ accounts in ¥ccordance with the requirement8 of the CharitiesAct 2011 ('the A¢t'). l Teport in respect of my wxamination of the The LO[￿0￿ Construction Acad¢rny's accounts caTricd out under ¥e¢tion 145 of the 2011 Act dfjd in Cdrrying out my exa￿l￿ation I have followed ail the applicable Directions given by the Clwiry Conllnission under Sectitsn 145(5)(b) of the Act. Indepelldent eiAmiller'• gtatwtsent I have compl¢t¢d my examination. I confirni that no material matters have comc to my att¢ntion in collnection with the examiDation giviJ]8 me Cause to believe that in any material respecrt.. counting r¢cords were not kept in respect of The kndon Constru¢tion Acadcrny as required by seclion 130 of the Act- or l the accounts do not accord with those ￿cords. or 3. th¢ &¢¢ow)ts do not comply with thc a¢￿U￿tIng requir¢m¢nts ¢on¢erning thc forni and content of N￿ounts set out in th¢ Charitics (A￿Ollnts sthd Reports) Regulations 2008 other than any r4uirement that the Leci)unts give a'tru¢ and fairview, whieh is not a mat¢¢r Consid￿¢d as part of an independent examination. I havc no concerns and hav¢ corne across no other matters in co[￿eCtiOn with thc cxamination to which attentioll should be drawn in this report in order to enablc a proper understanding of the accounts to bc reAched. Jacki¢ Crouch JCA Aeeountxnts 12 Brarnbl¢ Rise Cobham KTII 2HP J4 Ju]y 2025 Page 4 The London Constrnctlon Academy Statement of Flnanclal ActivAtles For the Perlod from 19 October 2023 to 31 December 2024 Unrestrleted Totsl fund5 2024 Note Income and EndowmeDts from: DoDatioDS and legacies Investrn¢Dt income 5,(M)O 5.0 Total inwme 5Th)7 Elpelldth￿e on: Net ineome 07 Net movtrnent in OJTML8 07 Reconelllatlon of funds Total fi]JJds c4rrs¢d forwml All of tbe clwity's activities derive from continuing operations during the abovc p¢riod. Th¢ not¢s on pllg¢5 7 to 9 foTTn an iT]tewl part of these flljancial stateD]ents. Page 5 The London Construction Academy (Reglstradon number: 1205290) Balance Sheet as At 31 December 2024 21)24 Note CllTrent assets C&sh at bank and in hand Funds of the cbarity: Unre5tr1cted Income funds UDrestricted fL￿￿S Tot￿ fvnds The fitrdncial st&temelltg on pages 5 to 9 were approved by the t￿￿tee4 and authori8¢d for issue on 14 July 2025 and signed on theirbehalf by.. RA Kremis Th¢ on pag¢s 7 to 9 forn an integral part of these f1nanci81 statcrnents. Pa8e 6 The London Construction Acsdemy Notes to the Financial Statements For the Perlod from 19 October 2023 to 31 December 2024 l AeeouDting policies Statement of eompllance Tht financial ststements hav¢ b¢en prepaTed in a￿ordanCe with th¢ seLond edition of tbe Cburities Ststement of ReL'ommended Practic¢ issued in octob￿ 2019, the Fillancial Reportin¥ StaDdatd appliGable ill tbe United Kin¥dom and Republi¢ of Ir¢land (FRS 102) alld the Chariti¢5 Ath 2011. B*six of PTep*ratlon The Lon(k)n Construction Academy meets the d¢finition of a public benefit entity uoder FRS 102. The accollnts {fttMllcial ytrdtements) haye been prepared under the historical cost convention with item8 reeognised at cost or transactiott value unlESS othetsvise stated in the r¢levant note(s) to these aG¢Dunts. Coillg The tn￿ consider that th¢Te 4r¢ no rnat¢riaL uncenaillties about th¢ charl￿$ ability to continue as a going Ineome *nd endowmellts Voliultary income including donation& gifts, Icgacies and grants that provide ¢ore fimding or are of a general nature is recognised when the ¢harity has entitlernent to the illcome, IT is proboble th%Lt the ]nE0￿e will be received d th¢ amount call b¢ mea8ur¢d with suffi¢i¢nt reliabiliry. Donations and legacies are r¢cognis¢d on a rec¢ivAbl¢ b2sis when reLeipt ts probablc and the amount can be r¢li8bly m¢a8urcd. E￿ndIture Taxatlo The Llwiry is considered to pass the tests s¢t out in Paragraph I Sthedule 6 of the Firwi¢¢ Act ?010 and therefor¢ it m¢ets tb¢ defJni(ion of a ¢horitabl¢ company fur UK corporation w purpose5. Accordingly, the chariry is potentially ￿ernpl from t&xaiion ID respect of incom¢ or capital sain5 received wthin categories Covered by Chaptrr 3 Part I l of th¢ CoTporatioll Tax Act 2010 or S¢¢tion 256 of the Taxation of Chargeable Gains Act 1992, to the exlent that such ineome or gains are wlied ¢xclusively to charitable purposcs. Fund strneture Unrestricted incorn¢ fvnds are bFeneral tullds that ar¢ available for use at the tru5tecs discretion in fiutbemce of the objedives of the tharity. Pag¢ 7 The London Construction Academy Notes to the Finanelal Statements For the Perfod from 19 October 2023 to 31 December 2024 (continued) 2 Income from donatltsns and legaeks Unrestri¢ttd fullds General Total funds Donations and legacies- Do￿tiOnS from illdivi(tiwts IK)O Total for period ended 31 December 2024 3 Investmen¢ Income UDrestricÉed d$ GeDcral Totsl funds Interest receivable Totsl for perlod ended 31 De¢ernber 2024 4 Trn$tees remuneritlon and exp¢ns¢s No trustees. nor any persons conneLted witb them, hav¢ iK¢ived any remuneration from thc charity during the year. PAge 8 The London Construction Academy Notes to the Finanefial Statements For the Perfod from 19 October 2023 to 31 December 2024 (continued) S T¥xalion The charity is aregistercd charity and 15 thcrcfore exemptfrom t&Kation. 6 Cash and cxsh equivglents 2024 Casb at bat 7 FMnd% Balanee at 31 December 24 IncomiDg re50urcfs Unrestrlettd funds G￿er&I 8 Anatysl8 of met a8set8 between fund8 UnTestricted Total funds at runds 31 Dteember G¢n¢r 21)7A Pag¢ 9 The London Construction Academy Statement of Financial Aediltles by fund For the Perlod from 19 October 2023 to 31 December 2024 Totsl Unrestrlete4t Funds 21124 In¢ome and EDdowmeDts from: Donations attd legaci Investment incom¢ 5,000 Tntal IT￿orne Expenditsre OD: Nct Income ReeoDciliatiott of fund$ Total fi]nds c8]Tied forw8rd This page does Dot form part of thc statutory f￿ancial Statem¢]￿. Page 10