LFf CHARITABLE TRUST
REPORT AND FINANCIAL STATF.MF.NTS
FOR THE YEAR ENDED 31" MARCH 2026
Chariiies Registration Numiw.. NIC107373

LFT CHARIT ABLE TRUST
REPORT AND FINANCIAL STATEMENTS FOR THE
51
YEAR ENDED 31 MARCH 2026
CONTF.NTS
Pages
Chairnian's Foreword
Tru5tees' Report
3-10
Independent Auditors Report
Statement of Financial Activiiies (incorpordtin8 income and ¢xpenditur¢ acwunt)
14
Statemeni of Finan¢ial PosiiionlBalance Sh
15
Cash Flow Statement
16
Notes io the financial stsiements
17.22

LFT CHARITABLE TRUST
CHAIRPERSON'S FOREWORD
This year has been one of purpos¢fvl progress for LFT Charitable Trusl strengthening our value5 and sharpening our
impact in grantmaking. The Board was delighted to welcome new Trustees whose insight and energy have already
expanded our capaciry and accelernted delivery against our ambttions.
We also continued with the implementation of our refreshed gr8ntmoking strat¢gy, designed to reflect ihe evolving
landscape of privat¢ ph1]anthn)p￿ and the n¢eds of the communities we serve. Our Open Call approach continues io be
certiral to this. The Board has embrdced this model with enthusiasm. recognising its potential to widen a¢ce55, exploTe
diverse ideas. and ensure resources flow io ihe most compelling, needs-led initiatives.
Good govemance and clarity of purpose have underpinned our work ihroughout the year. W¢ have focused on leaming
Irom graniees, refining our proc¢s5¢s, and tnaintainin8 th¢ 5tandard5 expected of a responsible funder. These
improvements posiiion LFT to be more responsive, IrJnsparenl. and ¢ff¢¢tive in th¢ y¢ar5 ahead.
None of this would be possible wiihoui the dedication of our Chief Execulive and ihe commitment of our staff. On
behalf of the Board. l extend our sincere thanks io them and io our parmers. We look forward io lh¢ year ahead with
confidence and renewed momentum.
avin Lonergan
rperson and TrU$￿t

LFT CHARITABLE TRUST
TRUSTEES. RF.PORT FOR THE YEAR ENDED 31 MARCH 2026
The Trustees of LFf Charitable Trust are pleased to present their r¢tth and financial statements for the year ended
31" March 2026.
Trustees have prepared the financial stsiements in accordance with the Trysi Deed, 4pplicable Accounting Stsndard5
in the United Kingdom (FRS 102). the Statement of Recotnmended Practice ISORPI 'Accouniing and Reporting by
Charities. isgued in (kiober 2019. and in accordance with the Charities Act (Northern Ireland) 2008.
Objectives and Activities
LFT Charitable Trust was established undcr a Trusi Deed in Jun¢ 2017. LFT Charitable Trust's vision is of a jusi world
where people have equal opportunity io transforni their lives, participate in their communities and build successful
futures.
The Twst has wide dis¢reiionary wJweTS io promoie and support ¢harithble Purposes and objectives for public benefii
including in particular..
81 the relief of the suffering and di5tres5 of iho%¢ persons in nttd,.
b) the furth¢rance and advanc¢menl of the educali(Trn of children and adults- and
c) the promotion of the health and w¢llbeing ofchildr¢n and adults.
LFT Charitable Trust achieve5 these objeciives by awarding grants. The Trusi is intended io be exclusively
grantrnaking. with no fvndraising oropernting4¢1ivilies. LFTaims lo fund pro8rammes of activiry delivered by partner
orbJani5ations which..
make a lasting difference to peoples lives as well as allevialing the symptoms or cunyni problems.
are aimed ai reducin8 isolaiion. inequaliiy and siigma: and
inspire or empower individuals to realise their potential and shar¢ in ihe life of ihe whole ¢ommunity.
LFT Trustees are encouraged to identify and promote aeiivity in 8rw that they have a genuine int¢re5t in, to build
supportive relationships with gran( parmers and take the opportunity to en8ag¢ with and gei dirc¢t f¢cdb8ck from
beneficiaries. LFT Charitable Trusi 15 family led and th¢ grdntsnaking stralegy ci)nlinues lo reflect the values of its
founders'.-
sio
l.l.'"I' commit5 to listening io and understanding th¢ needs of ihose who are suffering and is driven by a desire
to aci resportsibly.
Fairness and Intc
LFT aim5 to operate in a clear and tr￿sparent manner and make the process of applying for ￿ndS as simple
a5 possible for prospective partners.
Contiriuou5 Learnin
LFT 5¢¢k5 to build h¢)n¢st relati¢)nships wilh parlners in whi¢h both succe55 and failure offer opportunitie5 for
learning. Th¢ Trust strive5 lo b¢ r¢sponsive to change, un¢xpccted consequences and external developm¢n¢5
that require shifts in strategy and eX￿￿tionS
Partnershi
& Collaboration
Recognising one can achieve lillle on ils own, l.FT aims io develop close relaiionships wilh partners in order
to best supp(Trrt their WO￿ and to aehieve slwed goals.

LFf CHARITABLE TRUST
TRUSTEES, REPORT Icontinued)
Objective5 and Activities (continued)
LFf Chariiable TNSI coniinues io operdre prirnarity &$ a PToactive funder. Knowledge 15 buili by talking to and meeting
with indiYidua15 and organisations working within LFT priority areas. Ivhere opportunities are identified and the
prospeci of a project that aligns with LFf's groni rnaking wJlict¢s, proposals are invited for funding using an official
application fomi. Applicaiions are then as5ess¢d against established criteria and grdnt5 are awarded at the discretion of
the Board of Trusiees.
Trustees have coniinued to develop enduring relalionships with & numb¢r of existing grant partner5 with vi51t5 to meet
comtnuniiy leaders and beneficiaries iaking place. In developing close relatiOD5 With grant partners LfT is abl¢ to leam
and bener undersiand the environment in which we operate and ultimately make better informed grantmaking
decisions. LFT grant partners consisiently rewrt ihat they have # 'sln)Thg, positiv¢ r¢lJtionship with LFf' Wlth 96 /0
indicaiing they feel extremely or very 'valued' by LFT.
While th¢ development of existing relationships conrinues io be a focus for TNsiees, this is balanced wilh th¢ dcsir¢
io ¢onitnue to be open io the identificaiion and fijnding of new. grdni panners. Trustees are particularly pl¢as¢d to report
that letters of offer were issued during ihe peri(Kt to 65 organisations with whom LFT had no pr¢viou5 relationship.
Open calls for applications supporting organisalions ¢0 deliver on S￿lf1r th¢mes c¢)n¢inu¢ to be an ¢ffeciive means of
locating and funding new grani partners. This year the following open calls were launched..-
Enriching Lives- Supporting iniliativ¢s which bring differeni 8enerations (aged 14-25 and 65+) together for
sustained engag¢ment in m¢aningfyl, mutually beneficial aciiviiies which encourage greater understanding
and re5peci #nd ¢oniribui¢ to gr¢at¢r community conneciedness and cohesion.
InierAC'TinN- Continuing the inter8eneraiional theme. this open call promoted opportunities for primary
hool pupils io expl(Trre and develop relaiionships with older people (aged 65+) in their community
including th05e living in ¢ar¢ homes and independenily.
ReL7ch & Reconneci- Following the earlier commissionin8 of research ￿ ideniify local solution5 lo address
SIKial isolalion and loneliness Ln olderpeople. LFf supported a small number of initiaiives io use this re￿￿￿h
to improve participalion rntes omong people noi currenily availing of existing initiatives.
Nuriiirgd by Naiure- Buildin8 on the success of the previous Nurtured by Narure call, Tru5tee5 oncc again
invited proposa15 for progrdwntnes. aciiviiies or straiegies Ihai aim io engage people in naiure-based
experience5 With ihe 5pe¢ific goal of achieving improved health and well-being.
Brighi .gpurks - In this open call. Trustees are targeting innovative and impactful initiattves that directly
addre55 the rtM)t causes and manifestation of poverty's impact Im educational attainment and advocating for a
more equitabl¢ educalional landscape.

LFT CHAIUTABLE TRUST
TRUSTEES. REPORT (conlinued)
Objectives and Activitie5 {CODtiDued)
I.FT benefjts from an ambitLOU5, risk taking and pioneering Board. This year LFf trialled a number of participaiory
grantmaking initiatives, shifting the decision-making power over grdnts away from Trustees toward the comrnunities
that LFT aims to serve and rnsuring lived-experience infomis grantsnaking decisions.
The Cascade Programme harnesses the knowledge and conlacts of LFf granl partners to secr¢tly nominate
other Nl based charitable organi5ations io receive a small unrestricred grdnt. Selecied nominating partner5
have embrdc¢d this opportunity Lo besiow a grani io a peer organisaiion whom they athnire and r¢cogni5e as
making a real diff¢r¢n¢e in their community. Recipient organisaiions value Ihe freeth)m afforded by th¢
unrestricted granl and minimal Teporting required.
The ,Siudeni Iniroduclion to Philonihropy Programme introduces Year 13 students lo philanthropy and
emw)wer5 them to idenlify. &ssess 8nd fund charithble organisations operdiing in their local community.
Delivered over a three-month periiKI, il cov¢r5 the full 8fdntrnaking cycle
from undersianding what
philanrhropy is and scoping local ¢ommuniiy needs. io researching chariiies. making a piich, negoiiating as a
group and commuDi¢ating decisions to recipients. The programme seThes a dual PUTpose for Lk'f.. building
civic awaTenes5 among young people while also feeding genuine community insight into LFTS own
grantmaking.
All of ihe Trust's purpose5 are achieved by awarding grants to individuals and or8anisaiions on the basi5 that funding
will have a positive impact on the beneficiaries. Those thai receive a grant are required io demonsirate the dir¢¢l and
indireci benefit their work has on people in nttd via regular monitoring and evaluation. Mindful of the administration
burden placed on Grdnt Parmers, LFT has worked diligenily io keep moniioring and evaluaiion ¢0 a minimum and only
collect data that is tnjly necessary, a fact endor5¢d by 94•/0 of Grant Partners indicatin8 thai the effort required wa5
Appropriate io the size of the grant.
-rhird generation family members conlinue io hove an important role in LFT and there is a 5tNctured learning
programme in place for their developmenl ￿ future Family Trusiees. Aciiviiies during Ihe year have in¢lud¢d
contributing to the Belfast Homeless Services. Shoe Box Appelll, 8r4nt parther visits and direci charitable giving.
Arhiev¢ments #nd Performance
The 'l'ru5tees cotlfimi that they have consider¢d th¢ Charity CoTnmission for Nl's 8eneral guidance on public benefit
whert reviewing the TNsi's objefflives and in planning futurt a¢tivilies and grani making throu¥hout ihe period. A copy
of th¢ CommLS52oll'$ guidance noies on public benefit has been issued to all Trustces.
LFT Charitable Trust operdles for the public benefit wilh the uliimale beneficiaries being ihe many people supported
by the grant partners that LFT fund5. In providing suppon LFf TNstees examine how grani partner organisation5 are
governed and l.FT grants are Tnade with conditions io ensure they are spent appropriately and for the ¢hariLable
purkX)ses outlined b). the applicant organisation. The benefiis of all pury)oses are demonstrated ihrough regular feedback
and evaluation of th¢ organi5ation5 and beneficiaries $Upw￿Cd.
Over 100 letter5 of offer were issued this year to oyer ninety grdnl partners pledging grants lotslling in excess of £ Im.

LFT CHAIUTABLE TRUST
TRUSTEES, REPORT (conlinued)
Achievements and Perforrnance (continued)
Whilst LF'f's three charitable objective5 are noi munjally exclusive, the majority of giving (540/0) this year retleets
Trustees. interests in the promotion of Health & Wellbeing p￿]cUlarlY in the years following Covid19. This is
followed by 43•/• grant expenditure targeting the advancement of Education. The alleviation of Suffering & Distress.
wh2ch ¢an iR¢lud¢ sorne small individual awards. accounts for less than 30/0 of giving.
LFT'S grant partner profil¢ remain5 ¢oris15tent over the year5- 4W/o of grdnt partn¢r5 r¢port an anrhual income of less
than £250.000 and 700/0 I¢s5 than £500.000. Nor ate wi partners well endowed with large workfoi¢es- 16/D of LFT
grant partners rely solely on volunteers to deliver their wide portfolto of vital services to a growing nurnber of
ben¢fi¢iari¢s. Just over 200/0 of gT•nt partners have 10 or more full-time employees.
The input from voluni¢eTS ¢Orttinu¢s to be ￿ndamental to the commurtity & voluntary sector in Nl. Eighry percent of
LFT grani partners benefit from volunteer input. One in five LFf grani partners engage teams of iweniy or more
volunteers in order io maintain services and meet demand.
LFf's di￿¢1 im￿¢1 on GrJni Partner5 is measured wilh referenee to iheir capacity 10 reach more beneficiaries. to
improve the quality of s¢rvi¢es offered io b¢neficiaries and the int¢mal manttgement capacity and resiliente of their
organisa¢iun. Naturally no¢ all projecis supported will have a direct impact on all of ihese factors but feedback suggesis
770/0 ofGranl PartneTS Tecognise the funding from LFf &5 strongly impactingon th¢ir8bility to support mor¢ vulnerable
beneficiaries and 850/• of Grant Partners identify the grnnt 0$ hoving a strong impact on th¢ quility of the services
delivered. 620/0 of Grdnt PaTther5 ￿cTed1¢¢￿ LFf fvnding with p05ilively IM￿clIng the management capacity and
capability.
Beneficiaries of all ages and 5￿geS of life were sUPPOrted in a range of he41th & wellbeing initiatives delivered by
grant partners.
Through C)ur Lens was a 26-week therdpeuti¢ photography progrJrnrn¢ delive￿d by Belfast Exposed. During the
programme 120 participants. spanning diffeTenl generations, photogrdphy and imagery tg cxplore the impact of
suicide and process complex emolion of traurn4 grief and sligma.
Cancer Connects, Devenish Drdgon5 provide5 a unique foTm of physi¢al activity specÈfically tailored for cancer
survivors, especially those who have und¢rgone breast cancer treattncnt. Fifty-five individuals participated in the
Heuling Waiers iniiiative which sought to build on ihe ph)'si¢81 benefits of dr￿j￿n trrt)aling by introducinB a focus on
nature-inspired holistic practices includin8 meditation. yogffj nutrilion and mindfulness. Participants ￿ported enhanced
physical. menial and emotional wellbeing through community, connection and engagemenl with the natural
environment.
The Advancernent of Education
Promoting equity of access io education and trainin8 w&s a k¢y feature of the many education projects supported this
ye8r.
Anaka Collective is a women's collective made up of asylum seekers. refugees and local women. Th¢ organisation
represents a community providing safe. muwally supportive spaces wh¢r¢ women organis¢, share. learn skills and
celebrate all thai they have to offer. This year th¢ collective delivered a project to proTride an accredited ESOL (English
for.gpeakers ofoiher Languages) course for 30 young people as part of a larger campaign to 8ddre5s the exclusion of
16-24 vears olds from the educarion system in Nl.

LFT CHARITABLE TRUST
TRUSTEES, REPORT (conlinued)
A¢hi¢vernenls and Perform8nce (conlinHed)
This year All About Us deliver¢d the YELL Initiativ¢ (youth empow¢nn¢nt through leadership and leaming). Central
to the project was the provision of supported part-time employment OPFrf>rtunities for two autlstic young peopl¢
designed io build practical exp¢ri¢nc¢ in communication, t¢amwork, reliability, responsibility and Workplace
exp￿tatiOnS Wlthin a saf¢ and supp(Trrt¢d environrn¢nt. The tswo young employees were then involved in ihe delivery
of a rang¢ of ¥livities to tr¢nefit forty other young autlslic p¢opl¢ and young people with addilional needs to build
confidence, skills, and independence through peer-led activity. including emotional wellbeing sessions, sensory-ba5ed
activities, workshops and Tnentoring.
The Relief of Sufferin
& Distress
As in previous years. the reasons why individuals find themselves in need varies gre￿lY as does the means in which
they can be supported.
Vuln¢rabl¢ groups Ènclltding those exwien¢in8 homelessnes4 fami11¢5 #nd rhildr¢n aff￿¢¢d by ppr¢ntal substance
misuse and those who have be¢t) bereoved in traumatic circumstsnces are among ihose benefltting from the support of
LFT grani partners.
Fin8ncial Review
'I'h¢ 'l'ru5t is funded Én its entirety from charitable donations from Alterity Investment% l.td which has pledged up to
50029 of¢he surplus income generated by Alterity's investmeni business io LFf Chariiable Trust.
During the period LFT Charitable Trusi provided funding to its grani partners in ihe region of £ I million which brings
the total surn di5bur5¢d since the ¢5tablishment of (he Trnst to over £5.5 million. The total futhdin8 pledbTed Since the
incepti(Trn of ihe Trust 1$ now over £6.2 million.
Tru51ees do noi consider a Reserves Policy is t)ecessary given the current financial anaftgements in place with Alterity
Investm¢nt5. Alierity itself continues to maintain a strong financial position with a diverse range of income streams.
LFT Charitable Tru51 does n(A hold any fun(ts on b¢half of oth¢TS.
The audilors, S¢even50n & Wi150n, have indicated their Willingn￿ to conlinu¢ in office and a resolution concerning
their r¢-appoinlm¢nt will be propo5¢d at ihe Board of Trusiees Meeting on 9 June 2026.
Plans for future periods
Trustees will continue to award grants which progr¢$5 the L ￿ vision of a jusl world where people hav¢ ¢qual
opportuniry to iransfomi iheir lives. panicipate in their communities and build Successful futures.
A key focus for the new year will E¢ io Continue building the ¢apa¢iti' of LFf to dislribute fvnding efficiently and
effectiyely. To that end opportunities for the selective use of artificial intelligence are being ¢xplored, the continued
roll-out of the participatory grantmaking initiative 15 planned and 5everdl new themes for open ca115 are proposed.

LFT CHARITABLF. TRUST
TRUSTEES, REPORT (eoniinued)
Strutture. Governance and ManagemeTrt
LFT Chariiable Trusi is govemed b). its Trusi t)ee£l cr¢aied on 2¢ June 2017. R¢gi5tration with the Charity
Commission for Northern Ireland wa5 completed on 31° July 2019 INIC 107373).
The power of appointing new Trustees is vested in the Settlor of the Trust and rnust be doDe by virtue of a deed. New
Trustees are invited on the basis of their proven ability. rtlevanl experience, and personal interest in the work of the
Charitable Trusi.
The Trust has an induction programme for new Trustees who are advised of their legal obligations J5 Trustees, briefed
on the governance and smicwre ofthe Trust and provided with an overview of the Trust's perforniance in meeting ils
charitable purposes.
All Trustees commii to a Code of Conduci and are required to disclose all relevant interests, regkster ihem with ihe
Chief Executive and in accordance with the Tntsi's policy withdraw from discussion I decisions where a perc¢iv¢d or
a¢￿al ¢onfliei of interest arises.
All Trustees give of their lime freely and no Trustee remunerdlion paid during ihe reporting ￿riod. At the period
end there are seven Trnstees who have overall responsibility for the Trusi. During the period under consideration,
eleven Trustee tneelings were held.
The Trustees are responsible for the overall governance of the Trust and oversee all grdnl making.
The Trust's Chief Executive, Aislin8 Johnston, is re5pon5ible for implementing the LFT Charithble Trust Stra￿gY and
for the mana8em¢nt of the day-tO•day operniions of the Trusi and its activities. The I'rustees Tevi¢w ihe level of
rcmun¢ration paid to key management personnel io ensure it 15 at a level consistent wilh ihe role and responsibility of
the p05i¢ion COTLSi5t¢ni with ihai ofsimiLv eniilies.
Risks ar¢ ¢onsidered on a periodic basis by Trusttts. This involve5 idenlifying the types of risk. in particular Ihose
related to the operations and finances of ihe Trusi. priorilising them in lernis of impact and likelihood of occurrence
and identifying rneans of mitigatin8 risks. Reliance on a single source of income coniinue% t(F P05¢ (he greatest threat,
however, Trustees are 5ali5fi¢d that systems and procedures are in place lo miiigate exposure to the major ri5k$.
The TTUSt 1$ a member of Philanthropy Ireland and ihe Funders Forum Nl. The Trust is also a member of ihe
Association of Charitable Fowidations (ACF} and the Chief Executive coniinues to act as convenor for th¢ Family
Foundation5 ne￿OTk of over 40 independent family foundations to share and learn best practice.
TN5tees also participa¢e in an infomal network of Nl family foundations convened by Belfast Charitabl¢ S￿iety. LFT
Trustees continue to promole philanthropy by Sharing their ixrsonal experiences wilh oiher families who are exploring
or developing the concept of charitable 8iYin8 L% a family.

LFT CHARITABLE TRUST
TRUSTEES. REPORT (conlinued)
Reference and administrative d¢tai
Regisrered chariry name..
LFT Charithble Trust
TNstees.'
Mr. Edward Aidan Lon¢Tgan
Mrs. Anne Lonergan
Mr. Gavin Lonergan
Mr. Darren Lonergan
Mrs. Ciard Lewis
Ms. Jill Downing
Mr. Joe Mcvey (retired 9 Sept¢mber 20?5)
Mr Andr¢w Dona¢hi¢ (appointed I l November 2025)
Chairperson..
Mr. Gavin LonergaD
Chariry Commission registraiion number=
NIC107373
Registered office / Prtncipal Office..
4 Annadale Avenu¢
Belfas1 BT7 3JH
Solicitor..
Carson McDowell LLP
Murray Hou5¢
Murrny Sirttl
Belfast BTI 6DN
Auditor:
Peier Sievenson
Stevenson & Wilson
22-30 Ilroadway Avenue
Ballymena BT43 7AA
Bankers..
Danske Bank
Donegall Square Wesl
Belfast BTI 61S

LFT CHARITABLE TRUST
TRUSTEES. REPORT (coniinued)
Statement ofTrustees' re5PODSibilities
The Trustees are responsible for preparing the finan¢ial statements in ac¢ordance with applicable law and regulaiions.
Charity law requires the Trusttts to pr¢pare fJThancial statements foreach financial peri￿. Underthat law che Trustees
have prepared the financial siatemenis in ac¢ordante wilh United Kingdom Generdlly Accepied Accouniing Prdctice
{Uniied Kingdom Accounting Standards Hnd applitable law). Under Charity law the Trustees must noi approve the
financial siaiemenis unless ihey are saiisfied ihat they give a true 8nd fair view. of the state of affairs of ihe charity and
of ihe incoming resources and application of r¢sources. including income and expenditure for that periLId.
In preparing these financial staiements, Ihe Tru5te¢% are required to..
seleci suitable accouniing policies and apply them consistenily.,
observe ¢h¢ method5 and principles in the Chariiies SORP.FRSIO2-
make judgements and accounting ¢stitnates that are reasonable and pnjdent:
state whether applicable accountin8 Standards have been followed, subject to #ny material departures
disclosed and explained in ihe financial statemenl; and
prepare the financial si8￿ments on ihe going concern basis unles5 It 1$ inappropriate to presum¢ that the
charity will continue in business.
The Trustees are responsible for k¢eping adequate accounting rttordsthat are sufficient to show and explain ¢h¢ Trust's
tran5aclion5 and disclose with reasonable accuracy ai anj lime the financial posiiion of Ihc TTUSt and enable it io ensure
that the financial siatemenis ¢omply with the Charilies Aci (Northem Ireland) 2008. 11 is also responsible for
safeguarding the asset5 of the Trust and hence for iakin8 reasonable steps for ihe prevention and d¢teetion of fraud and
oiher irregularilies.
In the case of ea¢h TNst¢e. ai the dale the Trustees, Report is approved..
50 fw &5 the Trustee is aware. there is no relevant audit infomiation of whith ih¢ ch¥rity'S auditors are unaware;
nd
they have taken all the $ieps thai they ought to have taken as a Trustee in order to make ihemselves aware or
any relevanl audit infomaiion and io establish that the charity's audiloT5 are awart of that inforn)aiion.
Approved by the Board on P June 2026 and signed on its behalf by:
nergan
airperson and Twstee
10

LFf CHARITABLE TRUST
INDEPENDENT AUDITORS, REPORTTO THE TRUSTEE OF CHARITABLE TRUST
Opinion
We hai'e alldit¢d the financial statements of LFf Charitsble Trust for the year ended 31° March 2026 which comprise
the StaieJn¢nt of Financial Activitie5, Statetnent of Financtal Position. Cash Flom. Ststemeni and notes to the financial
staiements, including a summary of significant accouniing policies. The financial reporting framework that has been
applied in iheir preparation is appltcable law and UK Accountin8 Standards. including the Statement of Recommended
Pra¢tic¢ applicable to charities preparin8 theiraccounts in xcordance with the Financial Reporting Standard applicabl¢
in the UK (Charities SORP IFRS102)).
ln our opinion, Ihe financial statements=
give a true and fair view of The slate of the ehariiable thisi's affairs as at 31. Mar¢h 2026 and of lis incoming
resources and iheir application for the period then ettd¢d-
have been properly prepwed in accordance wilh United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Charities Act (Northem Ireland) 2008.
B8515 for opinion
W¢ conducted our audit in accordance wilh International Standards on Auditin8 (UK) IISAS (UK)) and applicable law.
Our r¢spon5ibilities LEnder those standards are further described in the Audiior's responsibilitics for the audit of the
financi81 stat¢rn¢ntS section of our report. We are independeni of the Trnsi in accordancc wi¢h ihc ethical requircmcnts
thai are relevant to our audit of the financtal slatemenis in Ihe UK. including the FRC's Fthical Standard, and wc have
fullilled oyr other ¢thical responsibilities in accordance with these requiremenis. We believe that the audit evidence
we have obtained is 5ufficÈenl and appropriate io provide a basis for our opinion.
Conclu5ion5 r¢l8ting to going concern
In auditing the linancial staiements, Me have con¢luded thai the trust¢¢s' us¢ of lh¢ going concem basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have perfornied. we have noi identified any malerial uncertainlies relating to ¢venis orcondiiions
that. irkdividually or collectively. may cast significant doubi on the chariiy'5 ability to continue a5 a going concern for
p¢ri(>d of at least twelve monihs from when the financial slatemenis are authorised for issue.
Our responsibilities and the responsibilities of ih¢ trusttts wilh respect to going concern ore described in the relevant
sections of this report.
Other information
The Trustees are r¢sponsible for ihe other inforn)ation. The other infonnation comprise5 the infoTmation included in
the annual report. other than th¢ financial statements and our auditor's report thereon. Our opinion (Trn the financial
statements does not cover the other infomalion and. excew io the exieni oihetivise expliciily slated in our report, we
do not express any fom of &5surnnee ¢onclusion ihereon.
In ¢onneetion wilh our audii of the financial stalements, our responsibility is lo read the other infomation and. in doing
so. consider whether the other infonnation is rnaterially inconsistent with the finon¢ial s(atemenis or our knowledge
obtaincd in the audil or othenvise appears io be malerially misstated. If we idenlify such material inconsisiencies or
apparent material misstaiemenis, we are required to determine whether there 15 a material missiatement in the financial
Statements or a material missiatemeni of the oiher infortnalion. If. based on the work we have perfomied. we conclude
that there is a material missiaiemeni of ihis other information, we are required i(Tr report that faet.
We hav¢ nothing to report in this regard.
Opinions on other Jn8lt¢rs
In our opinion. based on ihe Work undertaken in the course of the audit..
the information given in the Trusttts, ReTMlrt for the fmancial period for which the financial statem¢nt5 ar
prepared i5 consistent with the financial sialements. and
the Trustees. Report has been prepared in accordance with app]i￿ble legal r4uirements.

LFT CHARITABLE TRUST
INDEPENDENT AUDITORS, REPORT (coniinued)
Matters on which we are required to repDrt by txetption
In the light of the knowl¢dge and understandin8 of the Trust and its environment obtsin¢d in the course of the audit,
we have not id¢ntifi¢d mat¢rial misststements in the Trustees. Report.
We have nothing io report in respect of the following marters in relation io which the Charities Aci (Northern Ireland)
2008 requires us 10 report io you if. in our opinion:
accounting records have not been kept by the Tru5L or returns ￿equate for our audit have not been Teceived
from branches noi visiied by us- or
the financial ststernents are nol in agreement with the accounting records and relurns; or
• certain disclosures of ttusiees. remuneration specified by law art not made. or
• we have noi received all the infomiation and explanations we require for our audii.
Responslbllltles of Trustees
As cxplained more fully in the tnjsiees. respongibiliiies stsiemeni sei out on page 10. Ihe Trnstees are responsible for
the preparation of the ftnartcial statements and for being saiisfied thai they give a trwe and fair view. and for such
ini¢rn81 control as the Trustees deterniine is necessary io enable the preparation of financial stsiemenis that are free
frorn rnaierial misstaiemeni. whether due 10 fraud or error.
In preparing the financial stalements, the Tru5tee5 are resw)nsible for &sse$5ing the Trust'5 ability to ¢ontinu¢ as 8
going concern, disclosing, as applicable, rnatters relaied to going concern and using the going concern basis of
accouniing unless the Trustee eiihcr intends to liquidale the Trust or lo cease operalions. or have no realistic alt¢rnativ¢
but io do so.
Audltor's responsibilitie5 for the audit of (he fin*nci*l $t4tern¢nfJ
Our objectives are io obtain reasonable wurance about wheiher ihe financial statements as a whole aTe free from
material missiaiemeni, wherher due lo fraud or error, and io issue an auditor'5 repon ihat includes our opillion.
Keasonable assurance is a high level of assurance. bui 15 a guarantee thai an audii conducted in accordance with
ISA5 IIIKI will always deteci a material misstaiemeni when ii exisis. Missiaiements can arise from fraud or eTTor and
are considered rna(erial if. individually or in the aggregate. they could reasonably be expecied to influence the ¢conomi¢
decisions of users taken on the basis of ihese financial siaiements.
As part of an audit in a¢¢i)rd40¢¢ wi¢h ISAS (UK). we exercise professional jud8meni and maintain professional
scepticism throughout the audil. We also..
Identify and asse5S the risk5 of material missiatemeni of the financial siaiements, wheihcr due to fraud or
error, design and perforn) audit procedures restx)nsive 10 th0￿ risks, and obtain audit evidencc that 15
S￿￿1¢ient and appropriate to provide a basis for ouropinion. The risk of noi deiccting a matcrial misstJtern¢nt
resulting from fraud is higher than for one resuliing from error, as frdud may involve ￿)llUSIon, forgery.
intentional omissions. misrepresentaiions. or the override of iniernal control.
Obtain an undeTStanding of internal Control relevant to the audit in order to de518n audit procedures that are
appropriate in the circumstance5, but noi for the wrFrfJse of expressing an opinion on the effectivene55 of the
Trust's intemal control.
Irregularities. includin8 fraud. are instances of non-compliance with laws and r¢gulation5. We de5Lgn procedure5 in
line with our responsibilities, ouilined above. to ddect malerial misstatements in respec¢ of i￿¢gU]ar1tICs, including
fraud. The exteni to which our procedures are capable of detecting iTr¢gularilies in¢luding fraud is detailed below..
We identified the laws and regulations applicable to the tharity through discu55ions with iruslees and key
personnel. and from our own knowledge and experience of the charitable sector. We focused on specific laws
and regulation5 whieh we ci)nsidered may have a direct rnateTial efyect on the financial statemenis or ihe
operaiion5 of the charity, including the Charities Act (Northern Ireland) 21)08 and related lexislaiion, while
also giving consideration to data protection regulations. etnplo}'meni law and health and Safety legislaiion.
12

LFT CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT {eonrfnued)
Auditor's responsibilitl¢s for the audit of the financial Statements (conlinued)
The engagement panner en$￿￿d thai the engagement teom Collectively had the appropriate comp¢tence,
capabilities and skills io ideniify or recognise non-compliance with applicable laws and regulations and the
team remained alert to the possibility of fraud and non-compliance throughout the audit.
We assessed the suscepiibiliry of the chariry's financial staiements io material missiaiement, including
obtaifiing an undersianding of how frdud might occur. We did $0 through discussions with management as to
their as5es5ment of areas where fraud or non-compliance might i*cur, as well &$ considering the intemal
contro15 in place to mittgate rÈsks of fraud and non-compliance.
In order to ascenain ihe extenl of compli8n¢e with the laws and regulations we made enquiri¢5 of
management as io whether ther¢ was any actual or potential liiigaiion, w¢ review¢d legal ¢orrespond¢nce, w¢
inspected correspondence and w¢ E*rform¢d ynalyti￿l wo¢¢duT￿ to idcnlify any unusual or un¢xpect¢d
aciivity.
A furth¢r description of our responsibilities is available on the Fit)ancial Reportin8 Council's website at
www.frc.org.uklaudil0r5r¢5ponsibilt¢i¢s. This description fomis part of our auditor's report.
Use of our repor¢
This report is mad¢ 501ely to the charity's members. as a ￿y. Our audit WO￿ has been undertaken so thai we mighi
Stale to ih¢ Charity'5 rnember5 those matters we are required io state io them in an audiior's report and for no oiher
purFM)se. To the fullest extent permttted by law, we do not a¢c¢pl or as5um¢ responsibility to anyone other than the
charity and the charity's members &5 a W, for our 4udil work. for this report. or for the opinions we have fomied.
Peter Sttvcnson
Stnior Stxtutory Auditor
for and on behalf of..
Stevenson & Wi150ll, Statrjtory Audiior
22-30 Broadway Avenue
Ballymena
BT43 7AA
9th June 2026
13

LFT CHARITABLE TRUST
STATEMENT OF FINANCIAL A￿]VITIEs INCORPORATING INCOME AND EXPENDITURE
ST
ACCOUNT FOR THE YEAR ENDED 31 MARCH 2026
Unre5trieted
Funds
2026
Restrieted
Funds
2026
Total
2026
Total
2025
No
Ineoming resources
Donation income
Interesi received
172,731
1.180.045
3J38
lJ52.776
3538
1,188,739
Tot81 income
172,731
1,183.583
l J56J14
1,188,739
Resources expended:
Charitabl¢ a¢iivities
156,166
I.0￿,903
1.157,069
,181,943
TotAI ¢xp¢nditure
156,100
I,O(MI,903
1.157.069
181,943
Net rnovement in fund$
16.565
182,680
199.245
6.796
Reeonelllation or runds:
Total fund$ brought forward
2,734
6,280
9.014
2,218
Total fund5 carrled forw¥rd
19,299
188,960
208259
9,014
The statement of financial activitie5 includes 8118ains and losses recognised in the period.
All income and expenditure derives from COttiinuin8 a￿1ville$.
The Nol¢s on pages 17 10 22 fonn part ofthese flttancial stst¢rrt¢nts
14

LFT CHARITABLE TRUST
ST
STATEMENT OF FINANCIAL POSITION I BALANCE SHEET AS AT 31 MARCH 2026
2026
2025
Note
Flxed assets
Intan&Tible fixed assets
Tangible fixed assets
1,605
1,605
140
140
Current assets
Donations receivable
Prepaymenls
Cash at bank
Total current assets
178,130
2JOI
409,488
589 919
525,701
3.467
539 266
Current Il#bllltles
Dotlations payable
(hher ¢r¢diiors and acctwls
Total current li8blli¢les
305 JIJ
7J87
312,700
525,701
530 392
Total assets less current liabilities
278.824
9,014
Llabilitie5 du¢ after one y¢8r
t)onations payable
70.565
Tot81 assets lesg current liabilities
10
208.259
9.014
Urtr¢stricted funds
Restricted funds
Total ch4ri¢y fund5
19.299
2,734
208 2$9
The financial slat¢m¢nis were approved by the Trustee5 as ai 9th June 2026 and signal on their behalf by..
Mr.D
I,on¢rgon
Trustee
The Mbt¢5 on page$ 17 to 22 forn) part of these finaneial statements

LFT CHARITABLE TRUST
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2026
2026
2025
C2$h flows from operating activities
Net incoming resoU￿e5
Add.. Depreciation
Net eash inflow from operating 8£livi¢i¢s
199,245
340
199,585
6,796
281
7,077
D¢¢r¢as¢l(increase) in donations receivable and prepayments
348.737
{290.5891
(Decreaseyincrease in donations payable. other creditors and accruals
(147,127)
12.828
Acquisition of tangible fixed a5￿ts
(1.805)
Nel increasel(decrt*se) itt e*ih for the perlod
399J90
(270.6841
Cash and cash equivalents at the beginnin8 of the period
10,098
280,782
Cash 8nd c8sh equlvgltnt At the end of the perlod
409.488
10,098
Thc no*s on pag¢5 17 to 22 fomj of these fmantiai sMements
16

LFT CHARITABLE TRUST
ST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
l. Trust inforrngtion
The Trust was ¢5tabli5hed in Northern Ireland under the Trust Deed dated 29 June 2017. The address of ihe
registered otTice is 4 Annadale Avenue. Belfast, BT7 3JH. The financial staiements were authorised for issue by
the Board on 9th Jun¢ 2026.
2. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation
of the financial StsieMen￿ are ag follows..
Basis of prepxr¥llon
The financial staiemenis have been prepared on a going concern basis in accordance ￿lth the Statement of
Recotnmetlded Practice-. Accounting and Reporting by Chariiies pttparing their accounis in accordance with ihe
Financial Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 102). The reporting and
funetional curreiicy És sterling. The Trusi meds ihe definiiion of a public benefit eniity under FRS I O? Assets and
liabilities are initially recognised ai historical cost and iransaciion value unless otherwise stated in the r¢l¢vant
?ccouniing policy note(s).
Preparation of accounts on a going ¢on¢¢rD b￿1$
The Charity generally meeis its day to day working capithl requirements from its annual income. The TTUStee5 hav¢
obrained and reviewed cash flow foreca51s for ihe coming year and based on ihe5e are satisfied that the Charity has
resources 10 provide a reasonable expcctaiion thai it can coniinue io meet lis financial obligation5 as thcy f811 du¢
for the foreseeable future. These financiaj siatements have therefore been prepared on a going concern basi5.
Incornlng re50urce5
Dtsnaiions are included in the Staiement of Financial Activities when the TTUSt is entiiled lo the income. it is
probable thai the income will be received and ihe amount can be quantified with reasonable accuracy. In addition
tg the above conditions. donations io cover ihe Trust's ovetheads are included in the Staiement of F inaii¢ial
Acliviiie5 on a systematic b&sis over the periolts in which the Trust recogni5es the related costs which the donations
are intended to cover.
Resources expended
Expenditure 15 reco8ni5ed once there is a le8al or constructive obligalion lo make a payment to ¥ third Party, it is
probable that Settlement will be required and ihe amount of the obligation can be measured reliably. Charitable
expenditure coMpri￿S those costs incurred by the charity in the delivery of its a¢¢ivitie5 and Services (o it5
beneficiaries. It includes both costs that can be allocated directly io such a¢tivities and those cosls of atl indirect
nature necessary to suptsx)rt them.
Intangible *ssets
F.xpenditur¢ on the Charity's website is capitalised and 8mortised over the period ihe charity is expecled to benefit.
An amortisation rdte of on a straight-line basis has been used for this PUTPOSe.
Tangible asset5
The tangible a55et5 of ihe Trnst comprtse office equipment. 0￿1¢¢ equipment is depreciated at a rate calculated to
reduce it io residual value ai the end of its ¢xp¢rted nornial lif¢ on a straight-line basi5 at a rate tsf 20/0 per annum.
The assets, residual values and useful lives are reviewrf and adjusted. if appropriat¢, at the end of each reporting
p¢riod. The effect of any chan8e is accounted for prospectivelj.. Tangible assets are d¢re¢ognised on disposal or
when no future economic benefits are expec￿d. On disposal. the difference between the disposal proceeds and the
caryin8 aTnount is recognised in the stsiement of f￿ancial activities and included ID "other operating
gainsl(Ios5es)"
l7

LFT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (conrinu¢d)
2. Aetounting polieles feonrfnued)
Cash ¥nd ¢85h ¢quiY8lents
Cash and cash equivalents includes cash in hand, dewjsits held at call with banks, other 5hort-tertn highly liqttid
invesiments with original maturiries of three months or less and bank overdrafts.
Short-term debtors ind eredltors
Debtors and craiiors wilh no staled int¢￿st rdte and TLYeivabl¢ or payabl¢ within one year are recorded ai
iTansaciion price. Financial assets. including d¢btors, are reviewed w the reporting date to deternitne if there 15 any
evidence of poieniial impairment. Any losses arising from impairment are reeogni5ed in the income staiemeni in
operdting expenses.
Financi81 instrurn*nt$
The Trust only has financial assets and finan¢ial liabilitie5 of a kind that qualify as basi¢ financial instruments.
Basie financial instrumenis are iniiially recognised ai transaction price and subsequently m¢asur¢d al their
selllemeni value.
Fund$
Funds are classified as either unrestricted funds or re5tric¢ed funds, defined ￿ follow$-
Unr¢stricted funds are expendable ai the discrdion of ihe Tnjsitts in furtherance of the objects of the charity. If
parts of th¢ unresiricied funds are eamiarked ai ihe discretion of the Trusiees for a particular purpose, they are
d¢signat¢d as a separate ￿nd. This designation has an administrative PUTpose only and does not Icgally r¢stri¢t the
Tru5t¢es' discreiion to apply the fund.
Resiricied funds are funds subject to specific r¢quir¢m¢nts ￿ lo th¢ir us¢ which may be declared by the donor or
with iheir authority or created through legal process¢s, bul still wiihin the wid¢r objecis of (he Trusi.
Pen51on5
'I'he Trus¢ operai¢s a defined contribution scheme for sthff. Employercontribuiions are charged through the incorne
and expenditure when incurred.
3. Crltical accounting judgements 8Dd ￿tiM￿tIOn uneertalnty
siimaies and judgments made in ihe process of preparing the financial 51atements ar¢ continually evaluaied and
are based on hisiorical'experience and other factors. including eX￿￿tionS of futur¢ ¢v¢nls thai are believed io be
rca50nable under the circumstances. The TTUStees do nol consider thal there are any criticol judgiments made in
applying the Tnjst's accounting policies or that there are any crilical accounting es¢imate5 Qr a55umpiions which
ma}. have a significant risk of causing a maierial adjuslrnent to carying amounts of assets and liabililie5 Wlthin ihe
next financial period.
4. Donation ineome
Unrestricted
Funds
2026
Restricted
Funds
2026
Totsl
2026
Total
2025
Donation income
172.731
1.180.045
.352,776
1.188,739
172,731
1,180.045
la52,776
1.188,739
18

LFT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS fconlinuedj
5. Charitable activitie5
Unrestricted
Funds
2026
Restricted
Funds
2026
Total
Year
2026
Total
2025
Charitable Activities
Charitable donations
Administration costs
Wages and salaries
TTUSt ￿nDIng ¢osts
DepreciatiOD
OtheT expenses
I.IMKI.634
269
.000.634
9.001
134,264
11,494
340
lJ36
,040,553
19,128
108,781
11,963
281
1,237
&732
134,264
11,494
340
lJ36
156.166
1.000.903
1.157.069
1,181,943
All charitable expendiiure and support costs are incurred in conneclion with lh¢ grmt-making activities of the
Charity. The grants paid durin8 ihe year are clwifL¢d follows:
Gr*nt8 psid to
Insiitutions
Grants P¥4id ¢0
individuals
Total
2026
Total
2025
Promotion of H¢alth and
Wellbeing
Advancement of Education
Alleviation of Suffering &
DislTess
532J34
432,940
10,000
542 J34
432,940
473.878
98.400
23,835
lJ25
25J60
468,275
989,109
11,525
.000.634
1.040,553
Grants made to institutions are considered material in the context of the Charity where they exceed of the total
haritable expenditure. Maierial grants made to institutions during the year were..
Adsum Foundation
322,232
19

LFT CHARITABLE TRUST
NOTF.S TO THE FINANCIAL STATEMENTS (eonrfnued)
6. TrAnsf¢r5 bet￿et0 funds
Unrestricted funds are speni or applied ai the di￿re1]0￿ of the Trustee5 to fvrther any of the charity's purposes.
Unrestricted funds can be used to supplement exp¢nditur¢ mad¢ from r¢stri¢t¢d funds.
7. Analysis of staff CO5￿ trustee remuneT•tion #nd expenses ihe Cost of key m&nagemeDt personnel
Total
2026
Total
2025
Wage5 #nd salaries
s￿la] security ¢051s
Employer pension contribulions
121.955
5.980
6J29
98,340
6,061
4,380
134,264
108.781
The average number of employees during the peri(wJ was 3 (2025.. 2), being rwo fijll-iime employees and one part-
time. There wa5 one Siaff member (key management peN>nnel) who received annuall￿d remuneraiion between
£80,000 and £90,0￿.
None of the tnjstees received any remuncration nor any reimbursement of expenses during the ptriod12025'. Nil).
8. IntAnElble flxed assets
Website
Total
Cost
As at I. April 2025
4.200
4.200
As #t 31. M*rch 2026
4,21MI
4.200
Amortl$8¢ion
As at I. April 2025
4200
4,200
As at 311¢ March 2026
4,21HI
4,200
Net book value at 31. Marth 2026
Net book value at 31, March 2025
20

LFT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATF.MENTS (coulin4ed)
9. Tathgible fixed issets
Office
Equipment
Total
Cost
A5 at I. April 2025
Additions
1,405
1.805
1,405
1,805
As at 31. March 2026
3.210
3,210
Depreelation
As at I. April 2025
Depreciation charge for the period
1,265
340
1.265
340
As 8t 31. Mxrth 2020
1,605
1,605
Nei book value $131" Mareh 2026
1,605
1,605
Nei book value ai 31. MaTch 2025
10. Analysis of net assets
Unrestricted
General
Restricted
TotAI
Fixed asseis
Current a55ets
Current liabilities
Long terni liabilities
1,605
25,081
(7.387)
1,605
589,919
(312,7(KJl
(70,5651
564,838
(305.313)
{70.565}
Net assets at 31. March 2026
19,299
188.960
208,259
I l. Funds of the eharlty
Ai31'
M8r£h 2026
2025
Ineomt
Expenditure
Unrestricted funds
General fund
Restriettd funds
Donation5 fimd
2.734
172.731
(156,166
19,299
6.280
,183.583
I,O(KJ,903
188,960
Total fuDds
9.014
l J56J14
(1,157,069)
208,259
21

LFT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS fconlinued)
12. Relat￿ party tran$8cti0115
All of the Trust's donaiions income (£1.352.776) cornprise5 donaiions from Alterity Investments LiJnited, a
company controlled by iNsiees. Mr Edward Aidan Lon¢rgan and Mrs Ann¢ Ter¢sa Lon¢rgan. At the period-end
donatÉon5 receivable from Alteriry Invesiments Limit¢d amounted 10 £178.130.
Included in chaTiiable donations is £322,232 donated to The Adsum Foundation. a charity with a common trnstee,
Mr Gavin Lonergan. At ihe period-end donaiions pfiyablt to The Adsum Foundation amounted 10 £4.050.
Included in trust njnning costs expendiNre is rent of £9,6￿ which wa5 paid to the trustee, Mr Eilward Aidan
Lonergan. for the premises occupied by the Trust.
Remuneration paid io key managemeni personnel is disclosed in note 7.
13. Funding commitm¢nt5
The Trust had no uncondiiional charitsble funding commilments ai the balance theet dat¢, beyond thos¢ which
have been recognised in these accounts.
14. Cotttrolllng party
During ih¢ period LFT Charitable Trnsi was under the control of the Trustees.
22