LFT CHARITABLE TRUST INDEPENDFNT AUDITORS, REPOR T TO THE TRUSTEE OF LFT CHARITABLE TRUST Opinion Wc have audited the finanLial slatLJIILnt% ot LFf Charit(Iblc Trusi fror thL period Irotn I, OLtubcr 2023 to 31, March 2024 which comprise ihe Statement of Findncial Aciivities, £teMent of Financi(Il Posilinn, c.ash Flow Statement and notes lo Ihe financial slaiements, including a suminary ot. significant acLouniing policies. ThL financial reporiing li'amework Ihal has been applied in their preparaiion is applicablL law and United Kingdom AccouniiTtg Standards, including Financial Reporiing .Siandard 102 The Pinancial Reporting Standard applicable in the UK and Republic of Irelclnd (Unil#d Kiii¥dvni Generally ALLLPled ALLouiiliiig Pr4iLlice) - Ichariiies SORP (FKS102}1. In our opinion. thc I'inanLial 8laleiriLnt.s'. give a Irue ai)d falr view of Ihe sla(L ()r IhL Lhariiable 1rns1' s afiair8 as ai 31 %1 MarLh 2024 and {)[ iE.s inLoming rL4uufLes and Iheir appliLaliun flir (he periud Ihen ended., have b¢en properly prepared in accordance wiih Uniied Kingdom Generally Accepied Accounling Practice; have been prLpared in accordance with th¢ requirements of Ihe Charities ACT (Norihem Ireland) 2008. Basis for opinion Wv LonduLl¢d ()ur audil in acLvrdaiiLe wiih Inieniaiioi)al Siandards on Audiiing (UK) (ISAS {UKI) and applicable law. Uur re.sponsibililiL.4 undcr Ihosc .8tdndard.q arL t'urther dcscribcd in ihe Auditor's rcspon%ibililiLS l()r the audit ol. the rinaiicial slalLmLn15 Scction ()ur rLP()rt. We dr¢ independent of Ihe Trust in aLLordance with Ihe eihiL(Il requircmenls thai arL relevant lo our audit of the financial slalemenls in IhL UK, including the FRC'S Eihical ,Si¢indard, And we have fultillLd our other eil)iL<il rL8ponsihiliiies in acc()rdanLe wilh these requirLmLnls. WL bLlieve Ilial Ihc audil LvidLnce we have obtained is sufficicnl and appropriate lo providL a basis for our opinion. Concluslons relatlng to going Concern In auditing IhL financial siaiLinen15, wc have concluded th the Iruslee5' use of rhe going concern hasis of accouniing in the preparation of the financial slalemenls is appropriaie. Based on the work we have pLrformed, we have noi idenlifiLd any maierial unL'eriainlies relating lo events or conditions Ih¢il, individually or ¢ollLclively, may ca81 signifiLanl doubt on the charity's ability tu continuc as a going LonLeri) for a PLriud ol at lea81 IwLlvL munihs fr()m when the linaiicial 8LaL¥menls arc auihorised lor issue. Our rLSP()nsibililies and the rcsponsibilitics ofi. Ihc truslces with regpecl to going conccm arL' dcscribed in the rclcvant SC¢lions of ihis report. Other information The Trusiecs are responsible for the oiher information. The other information comprises the informaiifjn included in Ihe aiinual reporl, oihLr Ihaii the finanLial slalemenis and our audilor's rLp()ri Ihereun. Our upiiiioii un IliL linancial StalcniLnt.g docs not covcr Ihc olhLr information and, cxccpl lo thc exlLnl oihcrwi%L cxplicitly statLd in our report, we do iiol cxprc&s any form of as.%uranLe conclusion Ihereon. In conneclion with our audit of Ihe financial statemen15, our rL%txinsibilily is to rLad the oihLr inforniation and, in doing so, considLr wh#iher Ihc oiher inforniali()n ]% ma(erially inc()nsislLnl with Ihc tinancial slalcmLnis or our knowledge obtained in the audil or otherwise appear5 to bL materially misstated. If WL identify such material inconsisienLies or apparei)I malLrial missialLmei)Is, we are rLquired i() determine wheiher IherL' IS a malerial misslalenienl iii IhL finanLial ,8talernLnts or a matcrial Ii)is.4iatcinent ot the other intormation. It, bascd oli ihc work we have pertormed. we conclude that there is a Tnaterial mis5talemLni i)f this other informatinn, we are required lo report that faci. We have nothing to report in thi5 regard. Opinions on other matters In our opinioin, b&sed on the work Underell in Ihe Lourse uf the audit.. the informaiion given in Ihe Trusiees. Report for the financial period for which the finaneial statements are prepared is consislenl with the financial stalements.. and the Trustees, Report has been prepared in accordance with applicable legal requirements.
Lyt CHARITABLE TRUST INDEPENDENT AUDITORS, REPORT (Continued) latttrs on which we are required to report by exception In the light of Ihe knowledge aud understanding of ihe Tru51 and ils environmeni nbtwned in the c(iurse of the audit, we have not identified material misslalcments in the Trustees, Report. We have noihing to report in respeci of Ihe following matters in relaiion 10 which Ilie Charities Act (Northem Ireland) 2008 requires us 10 repoTI 10 YOU it, in our opinion.. ccounting reLords have not been kept by rhe Tfusi, or relums adequate for our audit have not been received from branches not visited by us,. or the financial staiemenls are not in agreement with Ihe accounling records and relurns. or certain disclosures of trustees, remuneration specified by law are not made., or we have noi reLeived all Ihe intormalion and explanaiion5 we require I'or our audil. Responsibilities of Trustees As explained more fully in the irustees, responsibilities Statement sci out Dn pages 7-8, the Trustees, are rL'5ponsible lor Ihe prLparalion of ihL finan¢ial siaiemenls and for being satisfi¢d that they give a irue dnd fair view, and for such inlLrnal conlrtTrl as the Truslecs (ILlerminc i& neLessary 10 enable Ihe preparation of financial stalemenls thal are free fr()m malLrial missiaiemeni, whether due lo fraud or error. In pr¢pariD¥ Ihe fiiianLial slalemLI)18. IhL Trul'iees are responsible for a8.se.qsing Ihe Trust'.8 ability lu coiiliiiue as a going concem. di8¢108ing. (Is applicablc, In4ltier8 rclalLd lo going Loncern dnd using Ihc going conccrn basi.% of aL¢()uniing unless the Trustee either inndS to liquidale the TNsi or lo cease nperalinns, or have nc> realislic aliemalive bul lo do so. Auditor's responsibilities for the audit of the financial statements Our ubjLLlive8 arc l() ()biaiii reasonable assuranLe ab()ui wheiher IhL finanLial 8iaiemenl8 a8 a whole arL free Irom niiilL'ri<il niisst<ilciiiLnt, whLiihLr duL lo Ir(iud ()r Lrr()r, and to i.4%UC lin audilor's rLtKln thai includcs our opinion. RLasonable assurance is a higli level of a%suran¢e. hui 1% not a guaranleL Ihdl an audit conducled in accordanci with ISAS IUKI will always deleLt a material misslalemenl whLn il LXi.51s. mi5slaleinenls can ariSL Ir()m fraud or error and arL considerLd material if, individually or in the aggregalL, they could reasonably be expLcied lo influence the economic deLisions of users taken on the basis of IhcsL findnLial Slatemenls. As parl of ali audiL in aLL(IrdanL¥ wilh ISAS (UK), WL Lxer¢i.8e professional jud¥meiit and maiiiiain prufe8.%ivnal SCLPticism Ihroughoul ihL ¢iudil. We al,80: Identify and assess the risk.% nf matLrial misslalemLnl of the tinancial statements, wheiher due lo fraud or error, design and perform audil procLdures rLtsponsive lo those risks, and obtain audit evidence Ihal is sufficient and appropriate to provide a basi.q for our opinion. Thc risk of not delecling a malcrial mi8siaLemeni resulting Irom fraud is higher than tor one resulting from error, as t'raud may involve collusion, forgery, inlLiiliun&l vmi%8ioiis, misrepre8enlalion8, or IhL override of inlernal control. Obtain an undLr%landing ol. internal control rulcvanl to Ihc audit in ordcr to dcsigii dudit procvdurLS Ihal appropriate in the circuinslances, but nol lor the purpose of cxpressing an Dpiiiion on ihe effeLtiveness of the Trust's internal control. Irregularities, including fraud, are inslances of non-compliance with laws and regulations. We design procedures in line M'ith our responsibilities, outlined above, lo detect material misslatemenls in respecl of irregularities, including Iraud. The exieni lo which OUT procedures are Lapable of delecliiig irregularities including fraud is delailed bLIow'. Wc idcntified the laws and regulations applicablc to the charity through discus%ion5 wilh tru51ccs and key pcr5onnel, and from our own know'ledge and experience of the charitable Sector. We focused on specific laws and rLgulalions which we considered may have a direct maierial effect on the financial statements or the operations of the charily. including the Charities Act {Northern Ireland) 2008 and related legislation. while also giving consideration lo data protection regulations. employment law and health and safely legislalion. 10
LFT CHARITABLE TRUST INDEPENDENT AUDITnRS' REPORT (continued) Auditor's re5poDsibilities for the audit of the finaneial statements (pontiiiued) The engageilleni parlI)er ensuied Ihai ihL LngagemenT ieam colleciively had Ihe appropriate competence, capabilities and skills io ideniift'y or tecognisc non-compliance with applicable laws regulations and the team remained alLrl lo the po,55ibility of frc1ud and non-LompliiinLL Ihrc)ughoul the audil. We assessed Ihe SUSLepiibilily ul Ihe Lharily's finanLial slamentS (o material missla(emenl. inLluding obiaining an under8ianding of how Iraud n)ighi occur. We did so through di.scu88iuns with manageinenl as to thL)ir asse%smeni of dreas where frdud or non-compliance might o¢¢ur. as well as conbidttring the internal LC)titri)14 in place In mitigate risks of fraud and ncin-c()mpliance. In order io ascertain ihe extenl ()I' COTnpliance wilh Ihe laws and regulaiic)nq, we Jnade enquirieg of mdll(IgLniLnl 1() wheiher Ihere was any aLludl or potential li(igaiion, we revicwLd ILgal Loi'rcspondLllLe, we inspLLled tax coeSpondenCe and wc PLrlurmed analyti¢al pruLedur¥s lo idcnlify any unusual or unLXPLLILd 2CliVtIy. A furihLr de5cfipiion of our responsibilities is available on the bin4tllCi(Il Reporting Council's website ill www.frL.Drg.uklauditnrsresponsibililies. Thi5 de%criplian fnrms part Df our auditor's ropnrt. of our roport Tl)is repori is madL ,S()ILly lu Ihe Lharily's mLmbLrs. as 2 bly. Our aulil work has been iinderlaken so thai we mighi .slalL lo the Charity, % mLnihLr% Ihi)SL iiialltirs WL are required lo Niaie lo IhLni in an audiior's reporl and for no DihLr purpose. To the lullLsI cxlL'nl M)It14 by law, we do not accept or i)ssumL r¢spt>llbibilily to dnyonc oihLr th{ the charity and the charity, g meTnher5 as a hody, for our audii work, f(Ir Ihi, rLP()rt, i)r fc)r the opinions we havc fnrmed. ?knSF_ Peter Stcvciison Scnior &itatutory Auditor for and on hLhalf of.. Sievenson dnd Wi15c)n, Siaiuiory Auditor 22-30 Broadway Avenue BallymLna B'I'43 7AA 13" Augu¥t 2024