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
s26￿7
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
In￿ng1b]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
I102￿86)
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
mem￿r 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 ￿n￿rit 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.4￿1ed 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 0￿ra11ng 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"thL￿e 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 eX￿ndI1urc ai ihc price ihe Foundation Cslim￿C5 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.
All￿0¢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 back￿rrice Co5￿ li￿2nce. 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 cxpL￿dI1urC 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 eX￿ndit￿re is recorded irtclusiirc of an> VAT incu￿ed.
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 Lstim￿cd 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 calcula￿1 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 Trt￿lee$ 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 hIs￿rical experience and other la¢tors that are
considcrcd to be relei'ant. Actual r¢sults mai. dilTer from th￿C 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 un￿rtainl}. 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
Aver*ge 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 Compe￿0110￿
Key managemenl includcd thc Trustees and meM￿r5 of scnior management. The comwsalion paid or pa)'abl¢ io kcy
managem¢nt for emplo!'L* seryices is sholin ￿.101￿.-
2024
2023
k¢>. management COM￿n$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
s26￿7
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
Welf*re
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 re￿ure¢S.
8 Net (expenditure) for the year
Net {eipendilure) is sta￿d aftcr Charging:
2024
20?3
DcprLciaiion of oiYn¢d ￿Sets
RL￿ta]S under opcratins IcLses
Fcc5 pa)'able to the Foundation s audiknr for the audil of ihe Foundation s annual fin￿rIal
staiemenis
3th16
18.0(N)
3.110
18.000
5.01
5.000
Totgl h'et {expenditure) is st*t¢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 Ca￿l¢d on in furthernnce of the Found&ion s primar). objeciii'c& if thcse prolits and
surpluses are applicd solLI)' for Charl￿b]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
Eq￿1pment
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 a￿1 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 E￿1 & 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 lo￿1 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 a￿lI￿aLl￿d
¢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 ma￿Eled 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¢ FoUnd￿lOn 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