The Halifax Foundation for Northern Ireland Statement of financial activities (incorporating income and expenditure aceount) for the year ended 31 December 2024 Unrestrieted runds 2024 Total UnrcsiriciLd funds funds 2024 20?3 Tots)I runds 2023 Not Income from Donations 2,119569 2,119569 7,637 7,637 1.495.685 1.495.685 Granis rcturned 28.889 28.889 Ini'cslmen(s incomc 31328 31228 2,158,434 2,158,434 68.191 68.191 Tot81 Income 1.592.765 1.59?.765 Expenditure on Charitablc actiK'ilies Educaiion and training Social and wmmunity i%'eifarc Mat¢hed giving Raising funds Inveam¢rti management (x)sts Total Expenditure Net Incomcl{Eip¢ndilure) before ini'esimcnl gain(10$$l¥) NLI gains on ini'esimLnLS Nci IncomdIE¥nd1Iurc) for the )'IwfNei movemeni of 17 funds s267 526567 i J93.148 1 J93.148 86.400 86.41X) 49? ?32 49?232 1 ?82.118 1.282.118 80.161 80.161 8J68 8J68 2.014.483 2,014,483 143.951 143.9SI 18.840 10.465 10.465 1.864.976 1.864.976 1272.?11) 27.619 {2722111 27.619 17 18,840 162,791 162,791 1?44.592) 1?443921 Retontiliatlon ol funds Total funds broughi foniard Total fuDds ¢Arraed forwArd ? 113.519 2.113.519 ?.358.111 2.358.111 li 2.276J09 2276J09 2.113.519 2.113.519 There 14ere tKI other rccognised gains or losses othcr than those lastrd above 2nd the net income for the }'eJr. All incomc and e.xpenditure dLTiI'es from coniinuing activÉties. The accounting wlicies and noies on page5 17 10 ?8 fomi pan of these accounts. 14
The Halifax Foundation for Northern Ireland Balanee sheet as at 31 December 2024 2024 2033 Notes Fixed assels Inng1b]e assets Tangible wets Ini'eslmen¢s 10 3540 5.900 2.410 1.847521 .695.?85 Totjl fixed a55ets .842214 -703.595 Current assets Dcbiors 13 860 Cash ai bank and in hand 459.714 663.969 Total current assets 461.293 (37200> 424,093 2.276J09 664.8?9 Creditots: amounts f*lling due witbin ont year Nel current assets 14 (254.9051 409.9?4 i ¢1 assets 2.113.519 The funds of the Foundation: Unrestricted general funds Total charity fund5 15 2276J09 2376J09 2.113.519 ? 113.519 The accouniing txjlicies and notes on page5 17 to ?8 fomi pan of these linancial statemen ThC financid slatcmcnts ofi lalif&x foundation for h'orth¢m Ircland registered numlxrNI 019019 M'ere approvcd by the Iloard ofTrusitts and authoriscd for issue on I l Jun¢ 2025. ii'ere signcd on its behaifby". I rs Brenda Kelly Chairl Trnstee I l June 2025 The Halifax Foundation for h'orthern Ireland Registration number. N1019010 15
The Halifax Foundation for Northern Ireland Statement of cash flows for the year ended 31 December 2024 2024 2023 Cash {u5ed in} operniing a¢tiviti¢% Cash nows frotn investing aetlvltles Divid¢nd incom¢ 17 I10286) 1340.2951 52 31328 68.191 Purchase of tangible and inlangiblc Purchase of investmenls (8.902) (970.410) 957.601 12 (3J3.4.482) 3.222.085 Proceeds received from sale of ini'estments Net eash flows from investing gctivities (102.1691 46.480 N¢( Idccrease) in cash and fdsh equii'alents Cash and cash equii'alents ai the beginning ofihe i'car Toial cash and casb equivalents at the end of the vear (2042551 663,969 1293.8151 957.784 459.714 603.969 There w'ere no ¢h wuivalents 3131 Dcccmb¢r 20?4 {?0?3: non¢) The accounting tK)licics and notLs on pagcs 17 10 ?8 form part ofihc5c financial staiemen 16
The Halifax Foundation for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 l Accounting policies Thc principal accounling poli¢i¢s adopted. judgements and key sources of estimation uncertainly in the prepamion of the rinancial sthtemcnts we as folloiis: Company aDd ebaritable legal statu5 'rhe Halifax Foundation for North¢m Ireland. a public benefil eniill.. is inCor)rated in North¢m Ireland &% a company limited b>. guaranicL in and not haN'ins a sharc capitul. Thcre arc eurrcnil!. 10 Tru5lcc5 1i.ho arc also the rncmbors ofihc comp),. Each memr has undcrtak'Ln (o ¢Th)tribuie io ihe assets in ihe ei'ent of iiinding up a sum not exceeding £1 O. The Foundalion is a rcgislcrcd charit!.. Th¢ regisi¢red otTice is gii'en on page l. BASIS of prep4ratioD Thc financial stalemenis haie been prerKared in accordance ii'ith Accouniing and Reporting h. Chariiic8: Staicmcnt of RceommLndLd PrJclice applicable to charitie5 preparing thcir financial Aatcmcnts in accordance i4.ith the Financial Reporting Sthndard applicable in the Uk and Republic of Ircland {FRS 10?) cl-fcctii'c l Januar¥. ?019 (Charities SORP IF RS 102)). Ihc rinancial Reporting Siandard applicable in ihe UK and Republic of Ireland {FRS I O?). thL Chariiies A¢L (Northern Ir¢landl 2008. (As amcndcd by ihc charitics Act (NTorthcrn Irclthd) ?O??l and ihL Companies Arl ?(Kl6. The Trustecs haN'c takcn advantage orth¢ small companies. eiemplion. in accordance i%'ith section 414B ofthe Companies Acl ?006. Irom including a scparnic Sirdi¢gic Rcp)rt in these financial stsiemen 'The Halifai Foundation for Nonhcrn Irclartd mects the dL'finilion ora public nrit cntity undcr FRS 102. AsseLS and liabilities rL' initiall%. recognised ai historical wst or IrJnwlion valuc ii'ith invostments ai fair markel i'alue unless othcnl'lw.41ed in ihe rclcvant accountirtg polio. noie Prepargtion of finAneig1 stalements - going eoneern basis The I rusteL are able to tak-e a long-lerni vi% of inYo%iments and ihe covenant ii'ith ihe l.loyds Banking Group proi'ides a significani degree ofproieciion. The funding for ?0?5 has bcL'n rccLiI'LxI in full l£1.993.019) and for future 1.cars Ihe agrecmL'ni. IN.hich requires nine }'¢ars noiice io be given. proi'idc5 for a minimum pa)mcnl of£i.070.000 to be paid each >ear and thai the aetual sum paid is based on the profits of ihc thr¢e prior !'cJrs. Thc Tru5tccs arc thcreforc confident ihai thes arc able lo full) rund their 0ra11ng COS meet all Llisting grdnt commilmcnts and conlinuc grant fundino aclivitics for the rLmainder of ihe ycJr and throughout ?0?6 and iherefore ihal the Foundaiion ii'ill be a going concern for ai le2sI I ? monihs from ihe dai¢ of approvul 01"thLe financial Stsiements. The Trustees. therelore. consider that the going concern assumption is an appropriaw basis on ii'hich io prepare ihese linancial smtements. IncoDke Coienanleddonuiion income The Foundation dcrivcs its income from Llo!'d5 Banking Group Plc. Income received fn)m l.lo)'ds Banking Group plc is rLrognised on an accrual basis. Thc incomc is r¢cogrti5cd ii.hen ihe Foundation h&$ cntitlcmcnt to thc funds, il is probable that the income ivill be rLYeived and thc Jmouni ctsn be mtrlsured reliabl%'. Iniipresi income unddii'idend¥ Inler¢st income and dii'idends arc included in the financi s¢ments in the pcri(xl in ii.hich it is receiN'ablc b). Ihe Foundation. 17
The Halifax Foundation for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 (continued) l Accountlng policies (continued) Donated serviees DonatL'd sm'ices and facililies arc valued and included as income and eXndI1urc ai ihc price ihe Foundation CslimC5 it ii'ould pay in Ihe owl markcl lor an cquival¢nt.scn'i¢c or fuciliti.. Expenditure All LipenditurL' IS accuuntLd for on an accruals b&sis and has be¢n ClassifiL under hLadings ihai agb7fLgalL all costs related ¢0 Ihe calegory. Once there is a legal or construciil'e obligaiion makc a pa>'meni io a third part%.. il is prolmble (hal vttlemeni l'ill required aftd the amount of the obligwion can be m¢&sured rcliabl!,. a liabilil) is reeognised. Charilable Aclniilies- Gninlspajable Grants pai'2ble are included in ihe siaiemeni ol. financial actii'itics ii'hcn approved and i%"h•) thL intcnded recipient h&$ ¢iEh¢r rLceii'ed the funds or been inforni¢d of lh¢ decision to mak-c the grant and has ststisficd all perfomiance conditions. Grants approi'LuI but not paid ai th¢ Lnd ofthc financial >. arc accrued. Grants iihere thc bL'n¢ficiaTh' has noi bcen inforni¢d or has lullil pL'rfomance conditions before the grdnl is released are not accrued for bui are disclosed &s financial eommitmenls in the notLs 10 (hc accounts. All0¢10 olsiippori cosffs Suptx)rt COSLS are thosc funaions thai assisi ihc ii'ork of thc foundation bLbi do noi direcil) undcnakecharitsble aclii'ities. Supp)rt cosis include backrrice Co5 li2nce. perwnnel. pal'roll. and goi'L'manee ¢OSLk all of ii'hich support ihe lryoundation's ac¢ivit1¢5. Thcsc Costs hai'c kcn allocatcd io cxpLdI1urC on charithble athii"ilies. The basis on ii'hi¢h suprK)rt cosis hai'¢ b¢cn allocaied is the amouni of grants pa)'ablc in cach ca(cgop+' {'educalion and training. and"social and communit). i¥'cifare"l. Value added tax "rhe froundaiion is noi registered for VAT. and accordingly. all eXnditre is recorded irtclusiirc of an> VAT incued. Pension Costs The Foundation operalcs a defined contribution 5chemc for its emplo)"ces. Cortiribulions are charged to the Sthicmcni of financial actii'iliLS in thc rIOd io li'hich the). relate. Intangiblt Assets CompuEer sotii%'arL is siaied ai cosl l¢ss a¢¢umulaiLxi amorti5alion and accumulatcd impaimi¢ni lossl. Sofiivarc is amonised ol'cr Ils Lstimcd useful life, ofihrcc }Lar& on a Araight-line bLsi5. The &ssets are r¢vi•ird for impaimient if the above fathors indicaic that the (aTh)'ing amouni ma!, be impaired. Tangible atsets A55ets Ii'ith a Lx)5t bcloiv £100 arc nol capilalised. -rangible assets are stsied ai cosi less aLcumulaicd d¢prcciation and accumulaied impaimient IossC5. Cost includes ihe original purchasL pficL. cosLs dirLCtI!' atiributablc brin8Lng thc as5el to ils ii'orking condiiion for its irtlcndcd usc. Depreciaiion andresidiiol )lUeS DeprLYiaiion is calcula1 using ihL straight-line method. lo allocate the cosi io their residual i'alues over their eslimated useful lii'es a5 folloM5: Ofticc cquipmenl Computcr cquipmcnt 33Y 33Vo 18
The Halifax Foundation for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 (continued) l Accounting policies (continued) T&ngible asset5 (contiDu¢d) The assels. residual i'alucs and useful lives are rv¥iei%'ed. and adjusie(L if appropriaie. the end of r4ch reportin8 period. The effect of anv chang¢ is accounicd for prospccti%'el)'. Investments Ini'estsMenLS arc 5tdlcd ai Bid Price %'aluL ihL balance 5h¢L'I dai¢. An). realised and unrLMlised gain5 and Iossc5 on rcvaluation arc show.n separately in ihc StsiL'm¢ni or rinancial actii-itics. Operating leased assets l.trases ihat do nol Iransfcr all ihe risks ond re112rds of oiiTrcrship arc classilied operaiing l¢ase%. P8¥'m¢nts under operdiin8 leases arc chargLd 10 thL 51alement of financial actii'ities on a strdighi-line ba515 01.cr thc pcriod of thc Icasc. Cash 4t b4nk and in hand Cash and ¢a)h equil'alents includc ¢&%h and short-temi hiehll, liquid ini'c5tmcnts ivith a maiurit). ofthreL monLhs or less from Ihc da(c ofacquisi¢ion or op¢nin8 of the dLw)sii or similar account. Fin¥ncial in5trumenis ThL Foundation only flnuncial asscts and financial liabililics of a kind thai qualif!. as basic financial instrumcnts. Basic linancial irlslrumLn are irtiliall}' rLcognisL.d at transaclion price and subsLyuentl)' measurcd at their SLtIlL'mcni i'alul". unles5 the arrnngement cons(ilutcs a linancing irdnsaaion. Financing Lransactions are iniiialli, measured ai the prescni value of thc future receipts discounted at a market rate of interest. and are subsequentl!. carried at amortised cosi. using the elTe¢(ivc int¢r¢st ratc method. Fund ac¢ountin£ Unre5tricied fun(Ls ar¢ amounts i%hich are eKp¢ndable ai the discrclion of thc Trtlee$ in furtherance of ihe aims of the Foundatioft. 2 Critical accounting judgements and estimation uncertainty lrt thL application of thc Foundation s accounting polici. iithich Jw d¢s¢rikd in noie l. Ihe Trustees are required to make judgL'ments. cstimaits and assumptions th)ui thc carrl'ing amounts of &sseLS and liabiliiies ihal are not readily apparcni from oihLr sources. The estimaiLs and associated assumplions arc bascd on hIsrical experience and other la¢tors that are considcrcd to be relei'ant. Actual r¢sults mai. dilTer from thC c5timaic5. The c5timaies and undwl}'ing UMptIonS are rci'ithi'ed on an ongoing bisi5. ReNi5ions to accounling LStimale5 arL' rLcogni5cd in ihl period in i%'hich the Csiimaie is rL'%'ised ifthe rei'i5ion alTccts onl). thai pcriod, or in the period ofthe rei'ision and fulure periods ifihe rei'ision alTects Ixiih currL'nt and fuiure pcriod The Tnjstees do nol considcr thcre arL' any critical judgements or sourccs of lIma110n unrtainl}. requiring dis¢losure b¢)'ond the accounling Folicics listed 8trA)ve. 19
The Halifax Foundation for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 (continued) 3 Analvsis of staff costs, trustee remuneration 2nd expenses and the cost of key management personnel T1 m'erage monihly niimber of Employees ii'¢Lf." 2024 2023 Number 'umber Averge monthly number ofper50ns employed during tbe yur. excluding Trnslees. by activity: Administration The av'erage wonihty niiTriber of fnisiees ii'oF.- 2024 2023 Number Numbcr Th¢ numtK'r of Trus¢c¢s at the N'carvend 10 T/Ir aggregaiedreniuneraiion comprised.. 2024 ?023 This 15 Stattd after chgrgiDg Wag¢s and salarie5 Social securit) costs Othcr pcnsion LOSLS Staff Costs 208,782 12J28 19,052 11.791 ?7.493 240.162 229.i81 Nlone of the TWst¢L received remuneraiion during the l'ear l?0?3: Nil). TTU5tc¢s' e.xpensL's relatc lo thc pavmenl or reimburscmcni of c%w)ses in r&5pea of recruilmcnL training. lrnvcl. aL¢ommodaiion. and oihLT iftcidenul LOSIS. £4.475.30 Il'&5 paid bl. the Foundaiion on bL.haifof i? Trustec8 il'ho scr¥'cd during Ihe l'ear including rccrui¢menL ifdining. trai'LI. accomm(Klaiion. arml other incidenthl costs (2023.. 1 l Trusi¢es'. £3.383). No Tru51CCS receii'ed out of po¢L¢t ¢NPLns¢s (?0?3- nil) Indemnity. insurance c051ing £1.608 {?0?3: £1.712} has been thk'en out on behalf of the TTU5tce5. Aey manag¥nie•ii Compe0110 Key managemenl includcd thc Trustees and meMr5 of scnior management. The comwsalion paid or pa)'abl¢ io kcy managem¢nt for emplo!'L seryices is sholin .101.- 2024 2023 k¢>. management COMn$allOn 122560 109.211 The key managcmffit personnel ofihe Foundaiion comprise ofthe full timc ChicfEY¢cuiii'e and ihe part time Grants Manager. l ¢mplo)'ee received emplo)ec remunemion of more ihan £60.(XX). le.¥cluding emplol'er pcnsion costs) during thc )ear12023: l ). This ¢mplo!'cc's cmoluments fell betM'LYn the band £70.01)0- 80.0W.
The Halifax Foundation for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 (continued) 4 Chvdritable activities EdutatlOD Social and nd Commwnity Trnining V¢if*r¢ Educaiion Social and Maiched and Community Giving Training Wcifarc I l¥tched 2024 ?023 Grants payablc Ino(¢ 6) SuprA)rt costs Inoie 7) Support costs- Governance costs (note 7) 70.106 427.262 97.993 lJ12 1.130.415 1.627.783 66.13? 406.088 1.057.738 1.5?9.958 16.079 215. 259261 3,472 373J33 13.813 84.817 2?0.923 319.553 216 1.327 3,457 5.000 86.400 s267 lJ93.148 2,00&115 80.161 49? ?37 1.28? 118 1,854.511 5.1 Donations 2024 2023 Donation5 from Lloyds Banking Group Covcnani income Opcrntins costs contributiort Additional income (cost of living grants) Donated SeTviees Exiemal audit ftts paid by Llo%'ds Banking Group (hher scrvicLs 1.935.749 150,0110 .321.019 150.000 5,000 19.666 .495.68> 28,820 2.119569 The auditors ii'crc rcm(tnerated il'ith an allocaiion from the Llo>'d5 Banking GTOUP audii fec. As a resuli. Ihe eiternal audit fee has bLX'n IrL'a¢cd as a benefii in kind from the Llo)'ds BankinoGroup. Thc amourtl rccogniscd is the fair iJaluL Ihat the foundation belieK'cs thc). i¥'ould pav for cxlcrnal audii services ifihc Llo%'ds Banking Group did not pay lor the amounts on their FKhalr. Otherdonaied serviceq income includcs the cog of secondee Administraiion OtTicCri&h0 role is solely dedicated io Foundation and is reimbursed b). Lloi'ds Banking (iroup. 5.2 Investment income 2024 2023 DividLThds r¢L'ived 31228 68.191 Total investment illcome 31.228 68.191
The Halifax Foundation for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 (continued) 6 Grants payable 2024 ?023 Region ljellasi Number 128 621.213 186.129 168.866 97.720 263.726 42.088 164.663 1.544.405 129 J98.720 Couni), DerrylLondonderry County Arttrim Coun(y Amiash Counly Doiim County Fcrmanagh Couniy l )rone 37 66 288.753 51 61 20?.998 22 27 106.09? 71 225.203 18 67.088 30 332 37 409 150.973 1.439.827 HeadqUarterl outside Ni Orthcrn Ircland 82 37,825 77 58.339 Collaboraitort 45552 31.79? Tothl 414 1.627.782 1.529.958 All granls arL' payablc dirttilv to orsanisations. No individual bcncfLClarn' is notcd. Collaknrn(ion r¢fLYS lo cost5 relating io the achiei'emeni of 51rn1cgic obje¢iii'e.' To collaborale ii'iih rfher5 and encoiiroge ihose M'e siipporl is'ork M'iih io collaborale. 50 io moriniise ihe imwcl ofihe resoiirces (n'ailable.
The Halifax FoundatRon for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 (continued) 7 Analysis of support costs including govern2nee costs Goiwrnance cosls Educ4¢ion Social 8nd And Commuvity Training Welfre Edu¢ation Social and w)d Communily Training Wclfarc J atched Giving Mai¢h¢d (iii'ing 2024 20?3 Audii f¢¢s 215 lJ12 3.472 5.000 216 1.327 3.457 5.000 Siipporl cosls Ed¥¢#tion Social aod Matched and Community Civing TrAining Ivelfare Educalion Social and and Communil Troining W¢lfi Maiched Gii'ing 2024 2023 Esthbli5hm¢nt ¢OSL% 782 4.766 12,611 I&IS9 778 4.778 12.444 18.000 Salarics and pension contribulions Trusiee rclaicd costs 11,687 71229 188.452 271 J68 9.924 60,936 158.721 229.581 193 1.175 3.108 4.476 898 2.339 3.383 Promolion of the Foundation ProfL%sional fees 700 4263 11280 16.243 4?8 2.626 6.841 9.895 1,028 63fA 16J72 23864 8?0 5.037 13.1?0 18.977 Oihcr administrative enses IW9 10296 27339 39224 .717 10.54? 27.458 39.717 16,079 97.993 259.262 373J33 13.813 84.817 ?20.923 319.553 Support costs are allo¢aicd on a basis consistent iiith the of reure¢S. 8 Net (expenditure) for the year Net {eipendilure) is stad aftcr Charging: 2024 20?3 DcprLciaiion of oiYn¢d Sets RLta]S under opcratins IcLses Fcc5 pa)'able to the Foundation s audiknr for the audil of ihe Foundation s annual finrIal staiemenis 3th16 18.0(N) 3.110 18.000 5.01 5.000 Totgl h'et {expenditure) is stt¢d gfter ch&TEing 26.616 26.110 23
The Halifax Foundation for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 (continued) 9 Taxation ThL Foundation is a regislerd chariti.. and as such is eniiiled io cenain tai empl10n5 on income and profits from ini'cstmcnts, and sU[Us¢S on an). trndino acElI'iIic5 Cal¢d on in furthernnce of the Found&ion s primar). objeciii'c& if thcse prolits and surpluses are applicd solLI)' for Charlb]e purtKJSL The Foundaiion is not registered for VAT and accordingly. all its expendiiurc is recorded inclusive of an), VAT incurred. 10 Intanuible asset5 Computer software Cost As at 01 Januar%. 20?4 Addilions A5 4t31 Deeember2024 42.069 42,069 AmorttsatloD Impalrnitnts As al O l Januat). ?0?4 36.169 Chargc for thc )'car As Xt 31 Dteembtr 2024 2.360 38529 Net bookvalue As atol January 2024 Nii trx)ok value as at i l Dc¢emb¢r ?0?4 3540 11 Tangible assets oirice Eq1pment Computer eqtsipment Total Cost As ai 01 JanuaTr' ?0?4 Addilions As at 31 Dcrember 2024 25.791 37.49? 63283 37.492 63.283 Depreciation and iubpaiments As at O l JanuaT)' 2024 Charge for lh¢ i'trdr As at 31 Devmber 2024 25.580 35293 60.873 12.$7 25ffi07 365Z3 62,129 Net book value as atol Jaovary 2024 Nci bLwk value as 8131 DLcLmbL'r ?0?4 2.410 185 969 1.154 ?4
The Halifax Foundation for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 (Continued) 12 Investments 2024 2023 Markci Value as al 01 Januarv ?024 1ffj95385 1.654.857 Additions in ihc )'ear Disposals in the year Net rci'aluatÈon gain / {Ios5) Market Vglue 85 ai 31 December 2024 3JSS,482 (3.222.084) 970.410 1957,600) 27.618 1847522 1.695 ?85 Long ierni invesunents are held '1(hin the Uniied Kingdom and e.xist primarilv lo providc an ini'cstmcni rciurn for thc Foundalion. Investment Breakdown by type of investment Listed Investments ThL hi4ioric ¢(Trst ot- listcd fixed a1 ini'estsnenLS ai 3151 D¢m[r 2024 £1.847.5?1 1?023.. £1.943.8161. 'lThe inK'esimenLs are managcd b!. arh e.NtLYnal fund mana8cr. Thc UK Equities held iotsling £606.CM)O 'Cre h¢ld ivith JP Morgan l.iquidity Fund. Th runds can bc anali'sid folloi%'s: 2024 2023 Fixed interest 9?5.636 Oi'¢rseas ri.xed Intcrest 127.599 UK Equiiies Far E1 & Australasian F.quities Oi'ersra5 Equities Emerging Economies Money Imarkei Instruments UK Propert), Inlcmaiional Propert%. Aliernatii'e As5cts Market V*lu¢ as 2t31 Dtcember2024 6116.000 134.209 6.662 74.034 9.555 1341521 100.000 77.284 39.368 ?00.938 .695.285 1.847521 13 Debtors 2024 20?3 Amounts fAlliDg due within ont year Prcp4ymLnis 1,579 860
The Halifax Foundation for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 (continued) 14 Creditors: amounts falling due within one year 2024 2023 I"rade creditors 8351 8500 5,775 237.191 Grani crLditors Accruals 20,449 37,2(Xl 11,939 254.90.S There 3r¢ no specific commiiments and rm) conditions be recognised in these financial statements. 15 Analysis of charitable funds Aoalysis of movement in unres¢ri¢ted funds 2024 Fund n#me Fund balanees brought roThard 2023 Fund bal8nc¢s carried Gains and Transfers In¢ome Expenditure foTw4rd 2024 Gcncral funds 2.113.$19 2.113 519 ? l j8.434 1?.014.4831 1?.014.4831 18.840 2276JlO 2276JlO UnrcslrictLd fU[S ? l j8.434 18.840 Previous year comp*rative analysis of movement ID unre5tri¢ted funds 2023 Fund name Fund b4lanc¢s brought forn'ard 2022 Fund b#lance5 carried ronvard 2023 Gains and lossts TrAnsftrs Income Expenditure Gencral funds 2J58,111 2 J48,1 l J .59? 765 (1.864.976) (1.864.976) 27.619 2,113519 2.113.519 Unrcstriacd funds 1.59? 765 ?7.619 16 Financial eommilments The lo1 future minimum lease payments under non-cancellable otfftiing Ir&ses.- Land and buildings 2024 2023 In on¢ >'ear of less 18.OIKI 18.0(M) i&ooo i&ooo 26
The Halifax Foundation for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 (continued) 17 Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Nei incomc {Lossesl l Gain on ini'esimcnts Dcprcciation Dividcnd income 162.790 1244,59?} (27,619) 3.109 168 1911 (18340) 3.616 (31228) (719) (217.7051 Increw in dd)iors (Decrease) I Increase in creditors Net cAsh generated (used inl operating Activities (3.0091 1102.086) 1340.?951 18 Related part). transactions and ultimate controlling party The Board ofTru51ccs are consid¢rd to be the Foundation's uSiimate wntrolling pany. During ihc !'Lar. a numbL"r ofgrants and pu)'m¢nts ii'erc madc %%'h¢re a Trumee or sthlymcmbcr ofihc Foundation is alIaLld ¢0 a connLYicd organisation: Trusiee. Aidan Benneii is a TruslcL ofB¢ifi' sl Charithblc SociLl%'. Belf&si Chariuble Societi. oii'n5 Clifion Tlous¢. ii.here the Halif&N Foundaiion for N¥orthcrn Ir¢land"s ottice is siiuated. Thc!. ii.ere paid £19.8i5 during ?0?41?023= £?0.168.65). TruslLL. Jenn!. F.bbagL" is a forniLr cmplo!e¢ and Consultsni for Edi%"ards & Compan). soliciiors firni. In ?02? Ediizrds & Compan>. ii'cr¢ appointed as soli¢ilors for Halif&i froundation for Nlorthern Ireland. lThe>' ii'ere paid £2.611.80 during ?0?4 (?023: £?.013). Trnstee. Niall Parfitl is a Truslee ofchildren's Heanbeai Trt. The), receivlxl a Commvniu. FLEX Grdnt of £8.694 in 20?4 12023: £? 700). Grdnts Manager. Joannc Ilyrne is a Tr'olunieer for FricThls of FAende.. Thtr. receii'ed £0 undcr the Matched Gil'ing Schcme (?023: £640). Grdnts Offi¢er. Caroline fulton is a Trust¢¢ of Fricnlts ofcamin). Primary School. The), rLrcived a Communit), FLEX Grani of £4,(K>O Imd a maEled Gii'ing aiiwd of£600 (?0?3= Nil) A relativc ofGrants Officer. Car()line Fulion is a Trustee of Culll'backe). Communil>' Parlnership. They receii'ed a Community FLEX Grant of£4.700 (20?3.. Nil). Ilalif&x Foundation for NorthLYn IrelarKI arc members ofNICVA. They receii'cd an LMPOWER grdnt of £1 1.835. and Collaboration support of£7.880.15. H?lif FoundaliM for Ni Orthcrn Ireland are members of C03. Thev received an EMPOWI=R grant of£9.043.
The Halifax Foundation for Northern Ireland Notes to the financial statements for the year ended 31 December 2024 {continued) 18 Related party transactions and ultimate controlling party (continued) Conneeied companies Uoyds Banking Group ple Th¢ FoUndlOn derives its income primaril) from Llo)'ds Banking Group plc. The Foundaiion receii'LxI £? 119.569 {2023-. £1.495.6851 und¢r deed of Covenant of ii.hieh £33.8?O wlates Gifis in Kind (2023: £24.6661. The are no 5harc5 hcld in Llo)'ds Banking (iTh)up {?0?3- £113.2951. At 31 t)cc¢mlK'r 2024. thc balance oiled . Llo>'d5 Banking Group plc is £nil l?023- £nil) Northern BaDk Limited (trading as DaDske Bank) ThL Foundalion s prin¢ipal bank is DanskL Bank. At 31 DLYembcr ?0?4. Ihe foundation held a bank account i%ith a balance of £453.578 i¥'ith Danske Bank. Ai 311)ecLmbcr ?02). the Foundalion hLld a cash balance of£547.?89." Conneeied Foundatiotts The following Foundations haire wmmon and related objcctii'es:. l.loyds Bank Foundaiion for England & Wales (LBFEW) SociLL)' Building 8 All Saints Sirccl I.ONDON NI 9RL There il'as one transaction i¥'ith LBFEW of£472.79 in ?024 (?023: Nil) Lloyd5 Bank F(yundation for the Channel Islands ILBFCI) PO Ik)N 70 25 Nci%' Sireei Si I Iclicr JLrsLy JF.4 8RG There i%'cre no iransactions i%'ith LBFCI in ?0?4 or 2023 Bank of Scotland Foundation {BOSFI ThL Mound Edinburgh F.HI IYL Th¢re ivere rK) Iran5aaions iiith BOSF in 2024 or ?0?3 28