LFT CHARITABLE TRUST ST ST TRUSTEES, REPORT FOR THE PERIOD FROM I OCTOBER 2023 TO 31 MARCH 2024 The Tnjslees of LFf Charitable Trust ate pleased to present their report and financial slaiemenis for ihe period from I" OL(ober 2023 iu 31 MarLh 2024. Truslees have prepared the financial sia(emenls in accordance with the Trust Deed. applicable Accounting Standards in the United Kingdoin (FR,8 102). the Siaiemenl of Recommendtyd Practice (SORP) 'Accounting k￿d Reporting by Charities, issued in Oclc)ber ?019, and in accordance with the Charities Aci (Northern Ireland) 2008. Objectives and Activities LFf Charitable Trusi was established under a Trust l)eed in June 2017. LFf Charitable Trust's vision is of a just world where people have equal opportunity to transform Iheir lives, parLieipale in their communities and build successful futures. The Truqi has wide discretionary power8 io promole aiid .%upporl Lharilable purpo.se.8 and obj¢¢livLs fur publiL benefit including in particul￿. a) the reliel lil the suffering and disiress of those persons who (by reason of social, financial nr niher circumsiances} are in nLLd. b) the furtherance and advanLemenl of the education of Lhildren and adults; and c) the promotion of ihe hellih and wLllbLing of children and adults. LFf Charitable Trust achieves Ihese objuclivcs by 41w(￿dIng grants. The Trust is intended lo bc cxclusivcly grimt- making. wilh no lundraising nr operating activities. LFf aims 10 fund progratnmes of activity delivered by pariner organisalion.s which.. makL a lasling dirrerence to people's lives as well as allei'iaiing the symptoms or currL'nt problems; arc aimed ai i'Lducing isolalii)n, inLqualily and %iigma,' dnd inspire nr empDwer individuals lo realise their pnlLiilial and share in ihe life of the whole communily. LFf Chariiable Trust is primarily a proaclivc funder. Knowledge is buili by talking 10 and mccling with individuals and organisalions working within priority aroas. Ii is app%ireni Ihai this approaLh is yielding bLnLlils r()r LFT wiih 9.510 ol Graiil Partners de.qcribing LbT a8 prol'essional and knowlLdgedble, dttspiie a mudesi track reL()rd ()r IivL years, granimaking. Where opportunitlLS are idLntified arld Ihe prospect of a projeLi ihdi aligns with LFT, s grant making policies, prowsals arc invilcd for funding using an official &ppliealitTrn fi)rm. All applications are then assessed againsi established criteria and grants awarded al the discretion ot the Board of TrusleLS. During Ihc past six monihs Trustces have also undertaken a small number ol- opcn calls tor applications undLf SPLciIIc th¢mes such as addiction, mental healTh counselling and accessible fa¢ilities. All of the Trust, s purposes are achieved by aw'arding grants lo individuiils and org&￿ISt1tIOns on the basis that funding will have a positive impact on the beneticiaries. Those that receive a grant are rLquirLd to demonslralL ihL dirLcl and indireLI benefii IhLir wurk ha8 un PL()ple in Iieed via regular moniluring and Cvaluativii. Miiidful ol the admiiiislraiion burdL'n placcd on Grant Partncrs, LFf has worked diligcnily io keep n)onitoring and L valualiDn to a iT]inimuiii and only COIILLI daia Ihal truly nLLL%%dry. a fall endorbed hy 96% of Grani Panners indicating ihal the el'tort rcquired was appropriate lo the size of the granl. Truslees review and update grant making policy at regular intervals lo ensure il is responsive and rLlcvant 10 current needs. LFr cEtARITABLE TRUST TRUSTEE REPOR T (continued) Achievements 2nd Performance The Trustees confirm that they havL considered the Chiwity Commissioii for NI'S general guidance on public benefit when reviewing the Trust's objectives and in planning furure aciivilies and grant making throughout the period. A copy ol. the Coniniission, 5 guidance notes on public benefit has been issued (o all TrusieL'S. LFT Charitable Trust operaies lor Ihe public benefit with ihe uliimaie benefiLiaries being the many people supported by th¢ grant partner4 that LPT funds. In providing support LFf Trustees examinL hi)w grant partner organisation.8 are govemed dnd l.Ff grants are madL wilh conditions lo ensure ihLy are Spent appropriately and for ihL LharitaFile purposes outlined by the applicanl organisalion. The benefils Ot"all purposes are demonstrated through regular feedback and evaluation of the organisalions and beneficiarics supported. Trusievs have Lonlinued to develop endurin¥ relationships wilh a numbLr of exisiing granl parlners with visils lo meel community Icader.s and ben¢ticiaries taking place. In devLloping Llo.%L rclalion.8 with gran( par(nLr8 LFf ]% ablL lo learn and better understand the environmenl in which we operate and uliimaiely Tlldke belter informed grdntmaking decisions. LFf grani partnLfs Lon%i%lenily report that they have a 'strong, positive relationship with LFf' with 96% indicaling they feel 'valued' by LFr. Twenly-six organisaiions were suppor(ed during ihe period with a new funLling IL4IILr ill ofier, uver.fjOlo of whom were nLW grant partiicrs, many ot. whom came to our attention during thL pfoLLS4 Ot. an open call. Grant partners are typically small (491. have an annual income less than £?50,000 and 6110 have le85 than 10 enipl(IyLe%) WL'II-connLclLd, rL'sponsivL and agile grassroois organisaiions as illustrated by Ihe diversity of activities dLlivLred and highlighied on ihc LFT web5ile. Direci in)pacl on Grant PartnLr% is mcasurLd wilh rel'ereo¢c to Ihcir capacity io rLaLh morL. bcncticiarics, to improve the qU¢ilily of SLrvices offered io beneficiarie% and the iniLrnal managL'mLnl capacity and rL%iliLnce of thtyir organi%diion. Nalurally nol all proJcLls supponLd will have a direcl iinpaci on all of IhLSL fiillurs, bul e{￿lY fLLdback suggLsts 79% of Grant Partner8 rccogni.qe the I'unding from LFf as sirongly impacting on Ihcir ability lo support morL vuln¢rablc benetiLiaries and 7.$% of Grant ParinLrs id¢niify the grant as having a s(rong imp