THE CHARLES NEWMAN MEMORIAL FUND
To pay to the Lighthouse Club Benevolent Fund for the purpose of relieving poverty suffered as a result of accident, disability or ill health by persons employed or formerly employed within the building and civil engineering industry and allied trades in the UK including widows and children of such persons, in accordance with the Trust Deed dated 10 November 1975.
Financial health, per its FY2025 accounts
The accounts state that the charity holds total net assets of £1,243,526, with a market value of the trust fund remaining healthy despite a net loss on investments of £24,633 for the year. The trustees report that the charity remains in a strong position to concentrate on achieving its objectives, although they remain cautious regarding the future due to economic uncertainty.
What the accounts disclose
Trustees
- Robert John Vernon Owenchair
- Douglas Edwin Oakervee Sir
- JOHN MORGAN
- Philip Ronald Bouverat
- Stephen Charles Fox CENG FICE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £36k | £42k |
| 05/04/2024 | £34k | £23k |
| 05/04/2023 | £28k | £23k |
| 05/04/2022 | £24k | £24k |
| 05/04/2021 | £27k | £31k |
Common questions
Is THE CHARLES NEWMAN MEMORIAL FUND financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds total net assets of £1,243,526, with a market value of the trust fund remaining healthy despite a net loss on investments of £24,633 for the year. The trustees report that the charity remains in a strong position to concentrate on achieving its objectives, although they remain cautious regarding the future due to economic uncertainty. Its FY2025 accounts were independently examined.