Integrated Education Fund
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Integrated Education Fund
Year ended 31 March 2023
Opinion
We have audited the financial statements of Integrated Education Fund (the'charity'} forthe year ended
31 March 2023 which comprise the statement of financial a￿1VitieS (including income and expenditure
account), statement of financial position, statement of cash flows and the related notes, including
summary of significant accounting policies. The financial reporting framework that ha5 been applied in
their preparation is applicable law and United Kingdom Accounting Standards, includin9 FRS 102, the
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the Charity's affairs as at 31 March 2023 and of its incoming
resources and application of resources, including its income and expenditure, for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.,
have been prepared in accordance with the requirements of the Companies Act 2006.
Bas15 for oplnlon
We conducted our audit in acGordanGe with Intemational Standards on Auditing IUKI {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance wth the ethical requirements that are relevant to our audit of the finanGial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
ConGlusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to
continue a8 a going concern for a period of at least bNelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees wrLh respect,to gOing•concem4re-descth)ed
in the relevant sections of this report.
20

Integrated Education Fund
Company Limited by Guarantee
Independent Auditor's Report to the Members of Integrated Education Fund
(contlnuedj
Year ended 31 March 2023
Other information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor'5 report thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other information and, except to the extent
otherwise expliGitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially incDn51Stent with the financial
statements or our knowledge obtained in the audit or othetwise appear5 to be materially misstated. If
we identify such material inconsistencies or apparent material mi55tatements, we are required to
detemiine whether there is a Material misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the informatlon given in the trustees, report for the financial year for which the finarbGial statements
are prepared is consistent with the financial statements., and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to r&port by excèption
In the light of the knowledge and understanding of the charity and its environment obtained in the course
of the audit, we have not identified material misstatements in the trustee5' report.
We have nothing to r2POrt in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion.
adequate accounting re¢ord5 have not been kept, or retums adequate for our audit have not been
received from branche5 not visited by us., or
the financial statements are not in agreement with the accounting records and returns- or
ertain disclosures of tru5tees' remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit. or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.
21

Integrated Education Fund
Company Limited by Guarantee
Independent Auditor's Report to the Members of Integrated Education Fund
(continued)
Year ended 31 March 2023
Responsibilitiès of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial statements
and for being satisfied that they give a true and fair view, and for such internal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from material
mi55tatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable. matters related to going concem and using the
going concern basis of accounting unless the trustees either intend to liquidate the Gharity or to cease
operations, or have no realistic alternative but to do 50.
Auditor's responsibilitles for the audlt of the flnanclal Statements
Our objects'ves are to obtain reasonable assurance about whether Ihe financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a matenal mi5Statementwhen it exists.
Misstatements can arise from fraud or error and are Gonsidered material if. individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line wth our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent lo which our proGedures are capable of detecting
irregularities, including fraud is detailed below..
As part of an audit in accordance with ISAS IUKJ, we exercise professional judgment and maintain
professional scepticism throughout the audit. We also..
Identlfy and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, inlentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of intemal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
22

Integrated Education Fund
Company Limited by Guarantee
Independent Auditor's Report to the Members of Integrated Education Fund
(continued)
Year ended 31 March 2023
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the charity's ability to continue as a going Goncern.
If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's
report to the related disclosures in the financial statements or, if such disclosures are inadequate,
to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of
our auditor's report. However, future events or Conditions may cause the charity to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the ff nancial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events
in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing Df the audit and significant audit findings, including any significant deficiencies in
internal control that we Identify during our audit.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work ha5 been undertaken 50 that we wight state to the charity's
members those matters we are required to state to them in an auditor's report and for no other purpose.
To the fvllest extent permitted by law, we do not accept or assume responsibility to anyone other than
the charity and the charity's members as a body, for our audit work, for this report, or for the opinions
we have formed.
Conor Dolan FCA (Senior Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
16 August 2023
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