COMPANY REGISTRATION NUMBER: N1636289 CHARITY REGISTRATION NUMBER: NIC104886 Integrated Education Fund Company Llmlted by Guarantee Financial Statements 31 March 2024 Integrated Education Fund Company Limitsd by Guarantse Statement of Flnanclal Activities (including Income and expenditure account) Year ended 31 March 2024 2024 Unre8trlct•d R•strictad funds fundg Tolal funds Total funds 2023 Not• Incomè and end0wm￿ts frorn: Donations and legacies Charliabl8 activities Other trading activitles Investment Income 238.182 141,911 112,649 43,272 636,014 39,898 1,399,269 7,600 278,080 1,541,180 120,149 43.272 1,982,681 369.367 1.221.581 36,528 20,886 Total In¢om• 1,446,687 1,648,362 Expondltur• on.. Ralslng funds.. Costs of ralslng donatlon8 and legacles Charltabl& a¢tivitio$ Other 149,789 213,058 279 60,2159 1,441,527 210,048 1,654,685 279 161,387 1,083,632 104 10 14 Tolal axpondltur• 363,126 1.501,786 1,864,912 1,245,123 Nei gainsl {1088es) on investments 15 26,741 26,741 (29,822) Not Incomel(expondltur•) 199,629 (65,119) 144,510 373.417 Transfers betw8an funds 4,050 (4,050> N•t mov•rnent In funds 203,679 (69,1691 144,010 373,417 R•conclllatlon of fund8 Total funds brought forward Total fund8 cwrlfjd forward 1,384,894 1,588.573 774563 715,394 2.159,457 2,303,967 1.786.040 2,159.457 The statement of financial activities includes all gains and losses recogn18ed In the year. All income and expendilure derive from continuing activities. Tho noles on paps 33 10 51 form part of Iho9• financial stat•ments. 30 Integrated Education Fund Company Limited by Guarantee ststement of Financial Position As at 31 March 2024 2024 2023 Flxed assets Tangble assets Inveslmenls 20 21 9,645 413,577 423,222 9,359 386,836 396,195 Current assets Debtors Invesimenls Cash at bank and in hand 22 23 74,233 814,823 1,399,208 2,288,264 218,920 804,825 1,000,751 2,024,496 Cr•dltors: amounts falllng duo wlthln one year Not curr•nt assets 24 (301,491) (218.423) 1,986.773 1.806.073 Total as80tB1088 curr•nt Ilabllltlg• 2,409,995 2,202,268 Crodltor•: amount• falllng du• aft•r mora than on• year Net assets 25 (106,028) 2,303,967 (42,811) 2,159,457 Funds of th• charlty Restrlcted fund8 Unrestrlctéd funds 715,394 1,588,573 774,663 1,384.894 Total charlty fund• 2B 2,303,967 2,159,457 These financlal stslements have been wepared in accordance wilh the pravisions appll¢abl8 to ¢ompani¢s 8ubjKt to lh8 small companies, regime. These financial statements on pa for Issue on .. 2J,s.<.,A.v.G4J!< es 30 to $1 were approved by the board of trustees and auth￿l58d , and are slgned on behalf of the board by: S Diver (Treasurer) Trustee Company registration number: N1636289 The notes on pages 33 to 51 form part of those IlnanclaS stat¢monts. 31 Integrated Educatlon Fund Company Limlted by Guarantee Statement of Cash Flows Year endod 31 March 2024 2024 2023 Cash Ilows from operatlng aCtI￿lIes Net Income 144,510 373,417 Adjustmenls for.. Depreciatson of tangl￿e fixed asseis Net Igainsylosses on investments Other Interest receivable and similar Income Loss on dlsposal of tanglble tlxed assets Accwed {incomeyexp8nses 3.215 (26,741) (43,272) 279 214412 3.155 29.822 (20.886) 104 (184,397) Changes in., Trade and other debtor8 Trade and other creditors 147.813) 124,373 72,308 75,377 Cash generated from operaiion8 368,963 348,900 Interest recelved Net cash from operatlng activities 371,867 349,839 Cash flow8 from Inve•tlng actlvlths Dlvldends received Interast recelved Proceeds from disposal of Investments Payments lo acquire Investments Payments lo acquire tangible assets Net cash (used In)ffrom Investing acllvltheg 11,634 11,899 28,744 8.048 804,825 803,825 {814,823> (804,825) 1S,780) 12,872) 2&600 16,075 Not Incrèa6• In cash and cash •qulval•nts Cash and cash oqulval•nts at beglnnlng of year Cagh and cash •qulval•nts at end of y•ar 398,467 1,000,751 1,399,208 365,914 634,837 1,000,7S1 The notes on pages 33 to 51 forni part of Ih•8• financlal stalom•nts. 32 Integrated Education Fund Company Llmlted by Guarantse Notes to the Financial Ststements Year Ondod 31 March 2024 Geneffal Informatlon The charrty is a publlc benefit enllly and a private company limited by guarantee. registered In Northern Ireland and a reglstered charlty In Northem Ireland. The address of the registered offlce is Forestview, Purdrfs Lane, 8elfasl. BT8 7AR. The company was eslabllshed under a Memorandum ofAssoclation which éstablished lh¢ objects and powers of th8 charitable company and Is govemed under ils Articles of Associalion. The charltable company constitutes a publk benefit entity as defined by FRS 102. Stat•m•nt of compllan¢o These Ilnancial Statements have been prepared In compliance w]Ih FRS 102, The Financial Reporting Standard applicable In the UK and the Republlc of Ireland,, Ihe Statement of Recommended Practlce applicable to charlties preparing Ihelr accounts In accordance with the Financial Reporting Standard appllcable In the UK and R8public of Ireland {FRS 102) (Charltles SORP 2019 {FRS 102) and the Companles Act 2006. A¢countlng polSGIo• Bas18 of preparatlon The financlal slalements have been prepared on a golng concern basis under the historical cost conventlon, as modrfied by the revaluatlon of certaln financlal assets and Ilabllltie¥. The financlal statamenls are presented In sterllng whlch Is the functional currency of the charity and rounded to the nearest £1. The 8l+Jnlflcant accountlng policles applled In Ihe preparetlon of these financlal statemenls are set out below. These policies have been consistenily applied to all years pre58nted unless otherwise Stated, Golng conc•rn There are no materlal uncertaintles about the charlty's ablllly to contlnue. Judg•m•nts and k•y sourc•8 of •stlmatlon unc•rtatnty The following judgernenls including those involving estimates have been mado In the process of applying the above accountlng policies that have had the most significanl gffecl on the amounts re¢ognlsed In the financial slatemenls and that have a 5igniflcant rlsk of causlng a material adjustment to Ihe carrying amounts of assets and liabilities within the next financial year: (i) depreclatlon method and asset useful lives The estlmates and a5sumplion5 are reviewed on an ongoing basis considering the curwenl and future market conditions. 33 Integrated Educatlon Fund Company Llmlted by Guaranteè Notes to th• Flnanclal Statements (eonthu•d) Year ended 31 March 2024 Accountlng pollcles leondnu•d) Fund accountlng Un￿strICted funds are available for use at the discretlon of the trustees to further any of the charity's purposes. Designated funds are unf8Stricted funds eaftnarked by the trustees for particular future projects or commitments. Rèstricted funds are subjected to restrlcts'ons on their expenditure dedared by the donor or tlwough Ihe terms of an appeal and fall Into one of Iwo sub4lasses: restricted income funds or endowment funds, kncomlng r••ourc All Incoming resources are Included In the Statement of financlal actlvltles when entlllement has passed to the charty., It Is probable thal the economic benefits associated with the transaction wlll flow to Ihe charty and Ihe amount Gan be reliably measured. The following specthc pollcles are applted to particular categorles of Income: Income from donations or grants Is recognised when there is evidence of enllllement to Ihe gift, recelpt Is probable and Ils amount can bo measured rdBbly. legacy income is recognlsed when recelpt ts probable and enlitlement Is esiablighed. irKom& from donated good8 is measured at the falr value of the goods tsnless Ihls 18 impraclical to measure reliably, In which case the value Is derlved from the cost to the donor or the estimated r8sal8 value. Donaled facillties and seryices are recogTrised In the accounts when received if Ihe value can be reliably measured. No amounts are Included for the contrlbution of general volunteers. income from govèrnment arKI other grants are recognlsed at falr value when the charity has entitlement after any performance condilions have been met, il is probable that the Income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Revenue grants are credlled to Incomlng resources on the earfier date of then they are received or when they are recelvable, unless they relate lo a specrfied future period. Grants which contr1t￿le towards specific expendlture on r￿ed assets are crediled lo Ihe Stalemenl of Financbal Activitles in full upon receipl. income from contr8cls for the supply of Se￿iceS is recognised with the delivery of the conlraeted service. This is classified as unrestricled funds unless there is a contractual requirement for it lo be spent on a particular purpose and relurr￿1 if unspent, in which case it may b8 regarded as restricted. in¢(xne from trading activilies includes income earned from fundralslng events lo ralse funds for the charlty. Income is received In exchange for supplyng goods and services In order to raise funds and is Teco9nised when entitlement has occurred. Integrated Education Fund Company Limited by Guarantee Notes to the Flnanclal Statements {cOntIn￿￿) Year ended 31 March 2024 Accountlng pollclos l¢onllnu•d) Incomlng re90urco8 (ct)nilnu•d) Investment Income is inlerest eame(I through holding cash at bank and short-term investments e.g. bonds and short term deposits. Interest income is recognised when receivable. other income represents income thal cannot be reported under the other analysls headings provided wlthln the SOFA. Daferred Incomo Income from certain ev8nt8 has been deferred as the ConCerr￿d events will not occur until afler the year and. A¢cru•d Incorn• In¢om• from cartaln ovents hag been accrued as the concerned events occurred before the year erKI, Rosource8 expgnded Expendllure Is reGognised on an accruals basis as a Ilablllty Is Incuffed. Expendlture Includes any VAT whlch cannot be fully recovered. and is dassified under headings of the stslemenl of financial acilvlties to whlch it relates: 8xpenditura on raising funds Includes the costs of all fundralslng actNltles, events, non- charitable trading 8Ctivities, and the sale of donated goodg, èxpendltur8 on chariiable actfvltles includes all costs Incurred by a charlty In undertaking activities that further ils charltable alms for the benefil of Its beneflclarles, Includin9 thoso support costs and cos18 relat¢ng to ihe govemance of the charlty apportloned lo charltable acllvities. oiher expendilure includes all expenditure Ihal is neither related to raising funds for the charity nor part of Ks expendllure on charitable aclivities. All cost8 are allocated to expenditure categortes reflecting Ihe use of the resource. Direct costs attributable to a singla activity are allocated direody lo that aotivity. Shared costs are apportioned belween lh8 activlties Ihey contribute to on a reasonable, justifiable and conslstent basis. Grants payable to third parties ar8 within the charitable objectiV88. Where unconditional grants afe offered. this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipienl will receive the grants. Where grants are condits'ork21 relating to performance then Ihe grant is only accrued when any unfulfilled conditions are outside of the control of the Gharity. 35 Integrated Educatlon Fund Company Umitèd by Guarantee Notes to tho Flnancial Ststements (conllnu•d) Year ended 31 March 2024 A￿o￿ntIng policies {¢ondnued) Support Costs all￿atIon Support costs are Ihose that asslst the work of the charlty but do not directly represent charitable activitles and include office costs, govemanca costs and administrative payrol co$tS. arè Incurred dlrectly In support of expendlture on the objects of the charity. Where support costs cannol be directly attributed lo particular headings they have been allocated to cost of raising funds and expendlture on charltable adivities on a basis consislenl wilh use of the resources. Staff costs and other overheads have been allocated on headcounl fu each leam. The analysls of these ￿sIS is Included in not• 12. employ0• b•n•fit• When employees have rendered servlce to the charity, short-temi employee benefits to which the employees are entiUe(l are recognised at the undiscounted amount expected to be paid In exchange for that servlce. D•fined contrlbutlon plans Contributions to deflned contribution plans ar8 recognised as an gxpense In Ihe peTlod in which Ihe related service Is provided. Prepald contrlbutions are recognlsed as 8n asset lo Ihe axtenl Ihat the prepayment will lead lo a reduclion In lulure payments or a cash refund. val￿ Added Tax The charlty is not regi8tere(I for VAT purposes, therefore expendlture 15 Shown gro88 of VAT. Tangibl• a8sets Tangible assets are Initlally recorded at cost. and subsequenlly stated atcost less arby accumulated depreciats'on and ImpairmÉnt Ioss8S. Doprnclatlon Depre¢Sation is calculated 80 as to write off the cost or valuatlon of an ass8t,1888 Its residual value, over the useful economic lif• of that asset as follows: Fixtures and fitting8 25% reducing balance 25% reducing balance Equipment Flxed asset Investments Investments are recognised initially at fay value which is normally the transaction prlce exduding Iransaclion costs. Subsequently. Ihey are measured at far value with Ghange5 recognlsed in 'nel gains l (losses) on Investments, in the SOFA rf the share5 are publicly traded ￿ their fair value can otherwise be measured reliably. Integrated Education Fund Company Limlted by Guarantee Notes to the Flnancial Statements (conllnu•d) Yearended 31 Mareh 2024 Accountlng pollclgs (Gontlnued) Debtors and credltors recalvabl• I payabl• withln on• y•ar Deblors and creditors wilh no stated interest rale arKI receivable or payable wilhln onè year are recorded al transaclion price. Any k)ss88 arising from impalrment are recognlsed in expenditure. Current agget Inv•stm•nt$ Investrnents are recognl8èd Initially at far valu8 whlch Is nornially th8 transactlon prlce excluding transaction costs. Subsequently. Ih9y are measured al falr value with changes recognised Sn 'net gain6 1 {losses) on investments, in the SOFA rf the shares are publlcly traded or thelr faSr value can othenwlse be measured reliably. Current asset invèstm8nts are short term inveslmenls vrfilh a malurily term of no greater than one year. They Include bonds and short-term deposlls. They are recorded at their Inltlal cost less Impairment on the ba8ls that they have maturily terms ol no grealer than one yèar. Cash and Cash equlvalgnt8 Cash and cash equlvalen18 In Ihe Statement of cash flow5 comprise cash on hand and demand d8po8lts, bank overdrafts, and other short-temi highly Itquid investments Ihal are readlly convertlble to a known amount of Cash and are subject lo an Inslgnhflcanl risk of changes In valu8 and normally have e maturity date of 3 months or less from the date of acquisition. Impalrni•nt Assets not measured at falr value ar8 revIev￿d for any Irmllcation Ihal the asset may be impaired at each balance sheet dale. If s￿h indIcat￿n exlsls, the recoverable amount of the asset, or the asset's cash generatlng unil, is 8stimaled and compared lo the carrying amount. Where Ihe carylng 8rn0unt exceeds its recoverable amount, an Impairment loss Is recognlsed in profit or loss unless the asset Is carried at a r6valued amount where the impairment lass is a revalualion decrease. Lu8e8 Rentals payable under operating leases are charged to the SOFA on a stralght Ilne basis over the period of the lease. Tax AS a charlty. the company benefits from various 8xempts'on5 afforded by tax legislation. It is therefo￿ not liable to corporation lax on income or gains falling due within those exemptlons. Recovery is made of tax deducted from receipts under gft aid. Going conc•rn The flnanclal statements have been prepared on a going concern basis as the Irustees believe that no malerlal unc8rtalnties exisl. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financlal slatements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able lo continue as a going concern. 37 Integrated Educatlon Fund Company Limited by Guarantee Notes to the Flnancial Statements fcontlnu•d) Year ended 31 March 2024 Llmlted by guarantee Integrated Education Fund is a company Ilmlted by guarantee and accordingly does not have a share cap5tal. Every member of the company undertakes to Contri￿te such amounl as may be requlred not exceedlng £1 to the assets of the charltable company in the event of its being wound up while he of she Is a member, or within one year after he or she ceases to be a member. Donatlons and1ogacl•s Unrestrlcl•d Restrlcted Total Fund* Fund* Funds 2024 Donatlon8 McGralh Trust Indlvlduals & corporaie3 Integrated schools 125,000 106,140 125,000 146,038 7.042 39.898 238.182 39,898 278,080 Unrestricted Funds Re8tri¢led Total Fund8 Funds 2023 Donatlons McGralh Trust Indivlduals & Cofporales Integrated schools 125.0 190.445 5,479 125.000 238.888 5,479 369,387 48,443 320,924 48,443 Charltabl• a￿1¥￿1•3 UnrMtrlci6d Restrlcl•d Totsl Funds Fund• Funds 2024 Community Relatlons Council Leonard Famity Other trusts & foundations Pears Foundation Hagan Homes Individuals & corporates includffig sponsorship Irish Department of Forelgn Affairs and Trade Community Foundation Nl National Lollery Fund - Dormant Accounts Fund Nl IFI - Communities in Parlnershp Progiamme Elghiy Eight Foundation Ulster Garden Vlllages Narthern Ireland Office (NIO) eo,000 120,669 40.000 300,000 60,000 212.580 40,000 350,000 91,911 50,000 94,964 94,964 17.207 41,429 185,000 17,207 41,429 185.000 540,000 540.000 141,911 1.399.269 1.541,180 Integrated Education Fund Company Limited by Guarantee Not•s to the Flnanclal Stataments (conthmmdl Yearended 31 March 2024 Charltabla aetlvlt108 (conllnu•d) Unrestricted Funds Re8trlcted Total Funds Funds 2023 Communlly Relations Councll Leonard Family Other trusts & foundatlons Pears Foundatlon Hagan Homes Individuals & corporates in¢ludlng sponsorshlp Irish Department of Foreign Affalrs and Trade Cornmunlty Foundation Nl National Lottery Fund - Domiant Accwnts Fund Nl IFI - Cornrnunltles In Partnershlp Programme Elghty Eight Foundation Ulster Garden Villages Northern Ireland Offlce {NlO> 235 60,000 60.199 40,000 300,000 24,742 93,453 23,180 9,385 39,069 100,000 20,000 385.000 235 60.000 76,170 40,000 350,000 25,089 93.453 23.180 9.385 39,069 100.000 20,000 385.000 15,971 so,000 347 66,318 1,155,263 1,221.581 Other tradlng actlvltl•8 Unr￿trICtfjd R••trict•d Total Funds Fund8 Funds 2024 Fundraising events Glft Ald 102,738 9,913 112,649 102,736 17,413 120,149 7,500 7,500 Unrestricted Funds Reslrlcl8d Total Funds Funds 2023 Fundraising events G6ft Aid 13,064 4.490 3,974 15,000 17.038 19.490 17.554 18,974 36,528 Investment Income Unrestrlct¢d Tolal Funds Unrestrlcted Total Funds Funds 2024 Funds 2023 Dividend8 Interest 11,634 31.638 11,634 31,638 11,899 8,987 11,899 8,987 43.272 43,272 20,886 20,886 39 Integrated Educatlon Fund Company Limlted by Guarantee Notes to the Flnancial Statements {contlnu•d) Yearendèd 31 March 2024 Costs of raislng donatlon8 and l•gacies Unraslrlcted R•8lrlctad Total Fund• Funds Funds 2024 Wages and Salaries Employers NIC Pension Costs Other 8mployee benefits Fundrablng costs 80,202 7.967 4,006 35.874 4,197 1,788 182 18,218 116,076 12,164 5,794 858 7&156 56,938 149.789 60.259 210,048 Unre8trlcted Funds Restrlcted Total Funds Funds 2023 Wages and Salarles Employers NIC Pension Costs Olher employee beneffts Funthalsing costs 98,808 10,223 4,791 852 25,657 14,732 1.742 737 73 3,974 113.338 11.965 5,528 925 29,631 140.129 21,258 161,387 10. Exp•ndltuY• on ¢harltabl• actlvlll•8 by actlvlly ty Actlvltl•s Grant undortaken fundlng of dlroctly actlvltlo8 Support Total fund• 2024 Total fund 2023 Development & Growth of Intwated Education Governance Costs 283,475 1,074,25S 276,913 19,942 1.634,643 19.942 1.654,586 1.066.194 17.438 283,475 1,074.255 296,8S5 1,083.832 Integrated Education Fund Company Limited by Guarantee Notss to the Flnanclal Statements {conthiu•dl Year ended 31 March 2024 11. Analy•l• of charftablo actlvlty co3ts- D¢volopm•nt & Growth of Integrated Educatlon Unreslrlctgd Funds Re8tricled Funds Total 2024 Total 2023 Wages and Salaries Social security costs Penslons other employee benefits Wages and salaries- Parental Engagem8nt Campalgn 31,455 3,076 6,291 152 61,221 5,929 7,779 92.678 9,005 14,070 303 83.291 8.163 13,315 292 167,421 242.S01 167.421 132,869 237,930 40,974 283.475 Grants pald NIO- Parental Engagemenl Campaign Trust Programme The Carson Awards Programme IEF - Support grants Other IEF grants othér rèstricted grants 106,865 69,390 106,865 69,390 57,025 39,795 17,175 363,599 17,175 353,599 2,000 75,948 25.878 215,918 {14,728) 108,226 2,000 75,945 622,974 2,000 624,974 432,114 Charltable actlvlty support cost$ Pwental Engagement Campalgn 449,281 1.072,255 449,281 1,074,255 177.556 2.000 609.670 42,974 1,314,756 1.357,730 847.600 41 Integrated Educatlon Fund Company Llmitsd by Guarantee Notes to the Flnancial Statements fconllnu•d) Year ended 31 March 2024 12. Analyg1• of support costs Development & Growth of Intagraled Educatlon Total 2024 Total 2023 Staff costs Premises CommunEcatlon8 and IT General office Human r88ources Govemance costs (see note 13) Advocacy costs 189,666 44.513 14,248 2,507 14,316 19,942 11.663 189,668 44,513 14,248 2,507 14,316 19,942 11,663 296,856 145.616 40,838 3,233 2,895 10.661 17,438 15,351 296,855 236,032 13. Govomance cost8 Total 2024 Total 2023 Auditor's remuneratlon Professional fees Bank charges Oepreciation 4,524 11,128 1,075 3,216 19,942 4,932 8,533 818 3.155 ,17,438 14. Other exp•ndltur• Unrestrlcted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Loss on dlsposal of langlble fixed assets held for charlty's own use 279 279 104 104 15. Nat galnsl{108s08) on Investm￿t8 Unrestrkted Total Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 Gainsl(losses) on other tnvestsnent assets 26,741 2Q741 (29.822) {29.822) Integrated Education Fund Company Limltsd by Guarantee Notes to the Flnanclal Statsments {eonthwd) Yèar ènded 31 March 2024 16. Net incomg1(gxpendlture) Net incomel(expendlture) Is slated after charglnty(credltlng).' 2024 2023 Depreclalion of tanglble fixed assets Loss on dlsposal of tangible flxed assets Operating lease rental costs 3,215 279 39,502 3,155 104 38,402 17. Audltor'8 romun•ratlon 2024 2023 Fees payable for the audit of the flnancial statemenis 4,524 5,700 18. Staff coslB and gmployee b•neflts The total Jtaff co$13 and employee benefits for reportlng period are analysed as follows: 2024 2023 Wages and salaries Social security costs Ernployer conlributlons to penslon plans other employee benefits 519,935 43,963 40,653 3.482 608.033 436,844 39,132 38,004 3,322 515.302 The average hèad count of employees durlng the year was 15 (2023.. 13). The av&rage number of fu1141rne equlvalent employe6s during the year is analy8ed as follows.. 2024 No. 2023 Grant maklng Fundralsi Advocacy Governance Parental Engagement 15 13 The numbèr of employee5 who received toial employee benefits (excluding employer pension costs) of more than £60.000 is as follows: 2024 No. 2023 £60,001 . £70,000 Integrated Educatlon Fund Company Llmited by Guarantee Notss to the Financlal Statsments (Mnthiu•d) Year ended 31 March 2024 19. Trust••s' and key rnanag•ment personnel remuneration and axpens•8 The charity trustees dld not receive any ir￿orne from employment wilh the charlty {2023: NIL) and expenses of £200 were relmbursed or were paid by the Fund during the year (2023.. £221). No trustee recelved payments for professional or other services supplied to the charity (2023: NIL). t)onations of £330 (2023.. £450) were recelved from Iruslees. Key managernent personnel include all persons that have aulhorlty and re8ponslblllty for plannlng, dlrecting and controlling the activ6tb8s of the chafily. The tolal compensat￿n pald lo key management personnel for services provided to Ihe chwity was £319.230 (2023., £296.437). 20. Tanglbl• flxed ass•ti Flxtures and fittings Equlpment Total Cost At 1 Aprl 2023 Additions Disposals At 31 March 2024 1.784 24,861 3,780 <1,790) 26,851 26,645 3,780 (1,790) 28,035 1,784 D•prnclatlon At 1 April 2023 Charge for the year Disposals At 31 March 2024 1,346 110 15,940 3,105 {1,511) 17,534 17,286 3,215 (1.511) 18,990 1,456 Carrylng amount At 31 March 2024 328 9,317 8.921 9,645 9,359 At 31 March 2023 438 Integrated Education Fund Company Llmlted by Guarantee Notes to tha Flnancial Statsments {eontlnu•d) Year ended 31 March 2024 21. Flxed asset Inva8tment8 Other Investments Cost or valuation At 1 Aprll 2023 Addlllons Falr value movements 386,836 26.741 413,577 At 31 March 2024 Impalrm•nt At l Aprfl 2023 and 31 March 2024 Carrylng amount At 31 March 2024 413,577 At 31 March 2023 386,836 All investments shown above are held at valLfdtlon. 22. D•btor8 2024 2023 Prepayments and accrued income Other dabtors 53,639 20.594 198,428 20,492 74,233 218,920 23. Curr•nt •4g•t Inv•stm•nts Short term Oth•r doposltB Invo8tments Total Cost or valuatlon At 1 April 2023 Addilions Dlsposals At 31 March 2024 401,000 403,825 410.998 403.825 (401.000) (403,825} 410,998 403,825 804.825 814.823 (804,825) 814,823 During the year, monies were reinvested in short terni treasury fixed term deposits. £410,998 wa5 invested in a fixed term deposil account with a maturity date of 301h September 2024 and an Interest rate of 4.70¥r•. During Ihe year £403,825 was reinvested in a 1-y8ar fixed bond with a maturity date of 1st February 2025 and an interest rate of 4.60 Integrated Educatlon Fund Company Llmlted by Guarant•• Notss to the Financlal S&thments (Gvn¢lnueO) Year •nd•d 31 March 2024 24. Cr•dltor8: amounts falling duo withln on• year 2024 2023 0th8r tax and social securlty Accruals arKI deferred income Other creditors 10.438 17.504 273,551 301.491 10.251 28.151 180,021 218,423 26. Crodltors: amounts falllng du• after mor• than on• y•ar 2024 2023 Other crndltors 106,028 42,811 26. Pen¥lon8 and oth•r post r¢llrom•nt b•n•llt8 Defined contrllwtlon plans The charlty operates a defined contril>ution penslon plan for its employees. The amount recognised in incom8 or expendlture as an expense in relatlon lo defined contrlbullon plans was £40.653 {2023: £36,004). 27. L•ase• Op8ratlng leases The total fvture mlnlmum leasa payments under non4ancellable operating leases are a8 follows." 2023 2024 Nol later Ihan one year Later tharb one and nol later than five years 40,292 17.394 37,700 54.662 57,686 92.362 Integrated Education Fund Company Limited by Guarantee Notes to the Financial Statsments leontthu•d) Year ended 31 March 2024 28. Analy818 of charltablo funds Unf￿trIcted funds At 1 Apr 2023 Galns and At 10gse8 31 Mar 2024 Income Expondlture Transfors General fund5 1,384,894 538,014 1363.126) 4,050 26,741 1.588,573 Al 1 Apr 2022 Galns and At 31 Mar losses 2023 Income Expendlture Transfer5 General funds 1.419.107 425.682 (433,823 3,750 (29,822) 1,384,894 Ro•lrl¢t•d fund$ Gains and At 10•888 31 Mar 2024 1 Apr 2023 Income Expendlture Transf•rs Trust Programme The Carson Awards Parental Engagement Campaign Other funds Irish Dept. of Foreign Affalrs & Trad8 Leonard Famlly Communlty Foundation Nl Lincoln Awards Hagan Homes Northern Ireland Office (NIO) National Lottery Fund - Dormant Accounts Fund Nl IFI - Communitie5 In Partnership Programme 34,349 65.000 (69.390) <17,641) 32,318 23,716 6,251 (29,967) 199,304 50.314 235,000 20,834 <258,351) (32,428) {31,041 (600) 143,5215 39,$07 4,905 164,500 97,264 70,768 (98.226) (40,768) 194,500 19,778 22,072 13,483 339,442 19,000) {460,464) 24,261 56.378 165,328 223,522 540,000 1435,413) (108,866) 219,243 2,602 17.206 (18.089) 1.719 9,501 41.429 (51.087 157 774,563 1,446,667 {1,501,786) {4,05Q) 715,394 47 Integrated Education Fund Company Limited by Guarantee Notes to the Flnanclal Statements (contin(red) Year ended 31 March 2024 2& Analysls of charftsble funds {wnWnu• Rostrl¢tod fund8 Gains and At losses 31 Mar 2023 1 Apr 2022 Income Exp8nditure T￿Sfer$ Trust Programme The Carson Awwds Parental Engagement Campalgn Other funds Irish Dept. of Forelgn Affairs & Trade Leonard Famlly Communily Foundation Nl Llncoln Awards Hagan Homes Northern Irgland C)fflce (NIO) National Lottery Fund - Oomant Accounts Fund Nl IFI - CommunStios Partnefship Programme 22.894 75.000 {39.795) (3.750) 54,349 49.594 {25,878) 23.718 172,244 (222) 125,923 121,138 (98,883) (70,600) 199,304 50,314 93,453 87.500 (88,548} 4.905 184,500 97,000 5.679 19,744 23.180 8.034 275,000 (28,859) (8.000) (252,928) 19,778 22,072 385,000 (161,478) 223,522 9.385 {6,783) 2,602 39,089 (29,568) 9,501 3e6,933 1,222,680 <811,3LN)) (3,750) 774,563 Fund D••cripiions: a) Unrestrlcted funds Funds which are expeThJa)le at the discretion of the Charty in furtherance of its obJ"eclives. In addition lo expenditure on activlties such funds may be held in order to firk2nce capital investment and worki capital. b) Oeslgnated furMIs The trustees have not desgnated any fvnds to be allocated towards specific purposes (2023: £NII> c) Restricted fijnds Restricted funds are to be used for specIf￿d purposes as laid down by the donor. Expendituré which meets Ihese criteria is charged to the fund. tog6ther with a fair allocatlon of overheads and support costs, Integrated Education Fund Company Llmlted by Guarantee Notes to the Financial Statements (conthiu•d) Yearended 31 March 2024 28. Anal￿18 of Gharftable funds {G(wilnu¢d) Transfers Monies are occasionally transferred from restrlcted funds to unrestricted funds. The main exception Is grants awarded under the charlty's (IEF) granl programmes directly relatlng to schools engaging with the proc8ss towards integration. This year a lolal of £108,866 was transferred from restricted Northern Ireland Office (NIO) funds to reimburse IEF for monies already spent on those grants awarded. Wlthin IEF grant programme8, fund transfers rnaIn￿ occur when a programme finishes and there afe funds remaining. Tnjst 8 had an unsp8nt balance of £17,641 in 2023124 of whlch £13,342 was transferred to Integration in Action,. £3,250 was transferred to General Funds as per the agreement wlth funder5 of the Trust Programmes that 5Yo per annum Is to be used for IEF management costs and £1,249 was carried over to 2024125 for a grant commitment to a school under Ihe prevlous Trusi Programme. The transfer of £1 $5,328 refers to the fund movements above throughout the grant funds of Early Interventlon, Inlegratlon Works Impact of Growth, Integrallon through Sport, InlagratSon In Action ar#J the Sthool Unlform Programme. The transfer of £32,428 includes funding to grant programmes Includlng Impact of Growth and Integration Work5 Pha89 3. 29. Analy818 of n•1 a8s0ts botW•on fund8 Unr•gtrict•d Re#trlctqd Toial Fund• Funds Fund• 2024 Tangiblo fixed ags¢tS Fixed asset investments Debtorg Current asset investments Cash at bank and In hand Creditors: amounts falling due withirb one year Creditors: amounts falling due after more than one 9,645 9.645 413,577 413,577 66,303 74,233 814.823 814,823 377,589 1,021,619 1,399,208 (93,364) 1208,127) 1301.491) 7,930 1106,028) 715,394 1106,028) 2.303.967 Net assets 1,588,573 49 Integrated Education Fund Company Limited by Guarantee Notès to the Financlal Statsments {condnu•d) Year ended 31 March 2024 29. Analysls of net as8•ts between fundg (¢ontlnu•dJ UNestrlcted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Fixed asset investments Debtors Current asset Investments Cash al bank and In hand CredSlor8: amounts falling duo within one year Creditors: amounts falllng due after more than one ye 9.359 386,836 12.239 804.825 210.037 833,525 (38.402) (222.832) 9.359 386,836 218.920 804.825 1,043.562 (261.234) 206,681 (42.811) 774,563 {42,811) 2,1 $9,457 Not assets 1,384,894 30. Analy$l• of Chang￿ In I￿1 debt At 1 Apr 2023 Cash flow• 31 Mar 2024 Cash at bank and In hand 1.000,751 398,457 1,399,208 31. Contlng•ncl•• A contingent liablllty exists to repay grants and funds recelved str￿uld certain condltlons not be fulfilled by the charity. In ihe oplnion of Ihe trustees, the terms of the letters of offer have been, or wlll be. Complled wilh arKI no Ilablllly Is expected. 32. R•lated partle8 There were no other relaled party Iran8acllons In