PHAROS TRUST
Restoration of former Trinity House Manned Light Vessel No 18 for use as a visitor attraction and heritage learning facility.
Financial health, per its FY2025 accounts
The Pharos Trust is recovering from a devastating arson attack in February 2024, with restoration costs assessed at approximately £300,000. The charity is currently pursuing Heritage Lottery and other partnership grants to fund the complete restoration, while relying on donations and insurance proceeds to maintain operations in the interim.
What the accounts disclose
“In our annual return our income includes a total of £16,572 from Allianz Insurance Ltd with which we paid ICE Cleaning Ltd £16,572. This was an insurance claim payment as a result of an arson attack the vessel suffered on 2nd February 2014.” — page 1
“We are currently pursuing a Heritage Lottery and other partnership Grants to enable the complete restoration of the burnt-out area of the vessel which, in the meantime, is approaching completion as a small exhibition and meeting space. A new season is fast approaching and we are confident that, despite the damage caused by the dreadful arson attack, we will continue to thrive and expand in our endeavours to provide a unique and educational resource and heritage attraction.” — page 2
Trustees
- Garry Lee
- Jean Leslie Mounfield
- TONY O'NEIL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £50k | £57k |
| 31/03/2024 | £22k | £7k |
| 31/03/2023 | £7k | £11k |
| 31/03/2022 | £15k | £10k |
| 31/03/2021 | £12k | £6k |
Common questions
Is PHAROS TRUST financially healthy?
Per its FY2025 accounts: The Pharos Trust is recovering from a devastating arson attack in February 2024, with restoration costs assessed at approximately £300,000. The charity is currently pursuing Heritage Lottery and other partnership grants to fund the complete restoration, while relying on donations and insurance proceeds to maintain operations in the interim. Its FY2025 accounts were independently examined.