COMPANY REG13TRATION NUMBER: N1636289 CHARITY REGISTRATION NUPJIBER." NIC104886 Integrated Education Fund Company Limited by Guarantee Financial Statements 31 March 2025 Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN
Integrated Education Fund Company Llmited by Guarantee Statement of Flnanclal Activities (including income and expendlture account) Year ended 31 March 2025 2025 Restricted funds Total lund5 Total funds 2D24 UnrestrFCted funds Note Ineome and andowmgnts Donations and legacies Charitable activities Other trading activities Investment income 165,629 9,994 19,655 51,150 246,428 229,068 1,347,607 50 394,697 1,357,601 19,705 51,150 278,080 1,541,180 120,149 43,272 Totsl Incoma 1,578,725 1,823,153 1,982,681 Expendlture Expenditure on ralsing funds.. Costs of raising donations and legacies Expenditure on charitable activllies other expendlture Total èxpenditure (98,543) (28,2021 (126,745} 1210.048) 1192.655) {1,671,1 $11 {1,863,846) (1,654,585) (68) (S8) {2791 1291,2661 {1,699,3931 11,990,e59) (1,864,912) io 12 Net {losses}Igalns on Investment5 13 (10,127) 110,127) 26,741 Net {expondlturo)Ilncoma and not mov•m•nt In funds (54,965) 1122,668) (177,633) 144,510 Reconciliation of funds Total ftjnds brought forward Total funds carrl&d foThvard 1.588,573 715,394 592,728 2,303,967 2,159,457 1,533,608 2,126,334 2,303,967 The statement of flnan¢ial acllvitl8s Includes all 9ains and losses recognised in the year All income and expenditure derive from continuing activities. .i'ar..:
Integratad Education Fund Company Llmlted by Guarantse Statament of Flnancial Posltion 31 March 2025 2025 2024 Note Flxed as58ts Tangible fixed assets Investment8 18 7.1B3 19 1,218,273 1,225,456 9,645 1,228,400 1,238,045 Current assets Debtors Cash at bank and In hand 20 28,036 1,371.672 1,399,708 74.233 1,399,208 1,473,441 Creditors: amounts falllng due within onè yèar Net current ags8t5 21 (467,309) (301,491) 932,399 1,171,950 2,157,855 2,409,995 Total assets108s currnnt liabllllleg Credltors: amounts falling due aftèr moro than ono yoar Net a$8•ts 22 131,5211 (1 a6,0281 2,126,334 2,303,967 Funds of the charlty Restrlcted funds Unrestrlcted lunds 592,726 1,533,608 2,126,334 715.394 1,588,573 2,303,967 Total charity funds 24 These financial statements have been prepared in accordance with the provl8ion5 applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 20 August 2025, and are signed on beha ofthe board by.. S Diver (Treasurer) Trustee 30
Integrated Education Fund Company Limlted by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flov from operatlng actlvities Net (expenditurellincome (177,833) 144,510 Adjustments for Depreciation of tangibl8 fixed assets Net {losses}Igaln5 on investments other Inte5t receivable and slmilar income Loss on disposal of tangible fixed assets Accrued expeTTrses 2,394 1a,127 151,150) 68 86,026 3,215 (26,741) (43,272> 279 214.412 Changes In.. Trade and other debtors Trade and other creditors 46,197 5,285 178,688) {47,813) 124,373 368,963 Cash generated from operations Interest recelved 51,150 127,536) 2,894 Net cash (used in)lfrom operating activlties 371,857 Cash flows frorn Inv•stlng actlvltles Purchage of tangible a5$et8 Purchases of other Investments Proceeds from sale of other investments Other investing cash flow adjustment Net cash from investlng activities {3,780) 1804,825) 794,827 40,378 26,600 Net (decrease)lincrease In cash and cash equlval8nts Cash and cash equivalants at beginning of yoar Cash and cash equlvalonts at end of year (27,536) 1,3g9,208 1,371.672 398,457 1,000,751 1,399.208
Intagrated Education Fund Company Llmited by Guarantea Notes to the Financial Ststements Year ended 31 March 2025 General information The charity is a public benefit entity and a private company limited by guafanlee, fegistered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered Dffice s Foresfvlew, Purdy's Lane, Belfast, BT8 7AR. statsrnont of compllance These financial statements have been prepared in compliance with FRS 102. 'The Flnancial Reporting Standard app5icable In the UK and the Republlc of Ireland,, the Slaternent of Recommended Practice applicable to charities preparing their accounts in aG¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {Charlties SORP (FRS 102)) and the Companias Act 2006. Accounting poli¢i88 Basls of prnparatlon The financial statements have been prepared on the hlstorlcal cogt ba$l$, as modlfied by Ihe revaluation of certain financial assets and liabilit183 and investment propertigs measured at fair value through income or expenditure. The financial statèments are prepared in sterfing, which is the fvnctional currency of the entiiy. Going concorn The are no material uncertainties about the charity's abllity to continue. Judgemonts and key Sources of estlmation uncertalnty The preparation of the linancial statements requires management to make judgements, eslimales and as5UrnPtions that affect the arnounls reported. These eslimales and judgements are continually reviewed and are based on experience and other factors, induding expectations of future events that are believed to be reasonable under the circumstsnces. Fund aGcountlng Unrestricted funds are avallable for use at the discretion of the tru51ees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. qsb5:.ric+#d funds arè subjected lo rastricliens ?r.. laair expeilditurts dOlard by Trhe donor or '.hrough Ine lertfii or an. 30p31 and Fail inl.) ona cf Iiil"Q iub-pla>.>•i r al,"Irred Iricom• fu'nd> or P."l.)'JvryarP funa? 32
Integrated Education Fund Company Limited by Guarantse Notes to the Financial Statements f¢ontinuedJ Year ended 31 March 2025 Accounting policies {et)ndnuedJ InGoming rèsourceg All incoming resources are Included in the ststemenl of financial activib'e$ when èntitlem8nt has passed to the charty,. It Is probable that the èconomic benefits assoclated with the transaction will flow to the charity and the amount can be reliably measUd. The following specific policies are applied lo particular categories of income.. income from donations or grants Is recognised when there is evldence of entitlement to the gift, recelpt is probable and its amount can be measured reliably. legacy Income 1$ recognised when recelpt is probable and enttuement 18 egtabllshed. income from donated goods is mea5ur8d at the fair value of the goods unless this is Impractical to measure reliably, In which Gase the value Is dertved from the cost to the donor or the estimated resale value. Donated facilitles and services are recagnised in the accounts when received if the value can be rellably measured. No amounts are included for the contribution of general volunteers. income from contracts far the supply of services is racognised with the dellvery of the contracted se¢vice. This is classified as unrestricted funds unless ther8 18 a contractual requirement for it to be spent on a particular purpose and returned If ungpent, in whlch case it may be regarded 85 restricted, Resources expfrnded Expenditure is recogni88d on an accruals basis as a liability is incurred. Expenditu includes any VAT which cannot be fully recovered, and is classlfled under headings of the statement of financial activities to which it relates.. expenditure on raising funds Includes the costs of all fundraising activities, events, non-charitable Iradlng actlvitles, and the sale of donated goods. expenditure on charitable activities includes all costs inGurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, Including those support costs and costs relating to the governance of the charity apportioned lo charitable activities. other expendlture includes all expenditure that is neither related to r8ising funds for the charity nor part of ils expenditure on charitable a¢livitl8S All costs arts 311ocaled lo expendilur? calgar1e5 rJflecling the use or the resource Direct costs al4110.Jiable 10 3 aingla acliiiiiy ar: allo,: -d dir!CLIy O tha,, ar;I'.1114/ ahared coslJ ars aoogrrioie a,=r. 'Iie> t,i-'I Opera'.in.g leaJ" 33
Integrated Education Fund Company Limited by Guarantee Notes to the Financial Statements Iwrtinuedj Year ended 31 March 2025 Accounting policies (¢ontinued) Tanglble assets Tangible assets are initlally recorded at cost, and subsequently stated al cost less any accumulated depreciation and impairment losses. Any tangible assets carrled at valued amounts are recorded at the fair value at thè date of revaluation less any subsequent accumulated depreGialion and subsequent aGcumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognlsed in other recognised gains and losses, unless it reverses a Gharge for impaimient that has previously been recognised as expenditure within the statement of finarnclal actlvlties. A decrease in the carrying amount cf an asset as a r8suIt of revaluation, is recognised in other recognlsed gains and1055es, except to which it offsets any previous revaluation gain, in which case the loss is shawn within other recognised gains and lo$se5 on the statement of financlal activities. Deprnciation Depreciation is cal¢ulated so as lo wrlte off the Cost or valuation of an a$8et, le$8 Its resldual value. over the useful economic life of that asset as follows: Furniture office equipment 25% reduclng balance 25% reducing balance Investments Unlisted equity investments are initially recorded at cost, and subsequently measured al fair value. If fair value cannot be reliably measured, assets are measured at cost less impalrmenl, Llsted investments are measured al fair value with changes In lalr value belng recognised in income or expenditure. Impalrmont of fixed assets A review for indicators of impairment Is carried out al each reporting date. with the recoverable amount belng estimated where such indicators exist. Where the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible VerSal al each reporting dale. For the purposes of impaiTment lesting, when it is not possible to estimat& the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generaling unit lo which the asset belongs The cash-generating unit is the smallest Iden;'"iable group OT asset> that includes the asset and generates cash infloiNS thai largely indepeLidenl of the cash inflows from other assets or groups ol assats ?1 iiypairmeni le?15no o,- goodiJiJjli Che gOodVill acquirtsd In a bu?ine>> Trombin3rion 1>. Iromi Ihe 3CIUl>irion dale allo,= ,y lo of lil è ¢asn-geD.era',ing iiniis Ibar ax 3" -led LO ve*ie-i: ',rom ihe a'in>rgies ai Ih ¢voinalion. irra jo#pliiia ol whether oliier a5ieTrS g.. 3$8igr,ed lo Ino•e L,'nils 34
Integrated Education Fund Company Llmlted by Guarantee Notes to the Financlal Statements (¢onllnu•dJ Year ended 31 March 2025 Accounting policl8s {continued) Defined contrlbutlon plans Contributions to defined contribution plans ar8 recognised as an expense in the pèriod in which the related service is provided. Prepaid contributions a recognised as an asset to the extent that the prepayment will lead to a reductlon in future payments or a cash refund. When contributions are not expected to be setued WhlY withln 12 rnonths of the end of the reporting date in which ltte employees render the related service, the liability is measured on discounted present value basis. The unwinding of the discount is recoonlsed as an expense In the period in whlch It arises. Limlted by guarantse Integrated Education Fund Is a company limrted by guarantee and accordlngly does not have Sha capital. Every member of tre company undertakes to contribute such amount as may be requlred not exceeding £1 to the assets of the charitable company in the event of Its being wound up whlle he or she is a member, or wlthin one year after he or she ceases to be a mfjmber. Don•tion$ and legaclos Unrestricted Fund8 Restricted Total Fund• Funds 2025 Donations McGralh Trust Individuals & corporates Integrated schools 153,291 12,338 228,612 456 381.903 12,794 185,629 229,068 394.697 Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons McGralh Trust Individuals & corporates Inle9raled schools 125,000 106,140 7.042 125,000 146,038 7,042 39,898 238,182 39.898 278,080 35
Integrated Education Fund Company Limited by Guarantee Notes to the Financlal Statements leontlnuéd) Year ended 31 March 2025 Charitablè a¢vItIeS Unrestricted Funds Restricted Total Funds Funds 2025 Leonard Family Other trusts & foundations Pears Foundation Hagan Homes Irish Department of Foreign Affairs and Trade National Lottery Fund - Dormant Accounts Fund Nl IFI- Communilie5 In Partnership Programme Eighty Elght Foundation Northern Ireland Office (NIO) 64,000 30,000 133,250 300,000 94,680 7,821 7,856 170,000 540.000 64.000 39.994 133,250 300,000 94.680 7,821 7,856 170,OQO 540,000 1,357,601 9,994 9,994 1,347,607 Unrestricted Funds Restricted Total Funds Funds 2024 Leonard Family other trust5 & foundations Pears Foundation Hagan Home8 Irish Department of FOl9n Affairs and Trade National Lottery Fund - Dormant Accounls Fund Nl IFI Communities in Partnership Programme Elghty Elght Foundation Northem Ireland Office INIO) 60,000 120,669 40,000 300,000 94,964 17,207 41,429 185.000 540,000 1,399.269 60,000 212,580 40.000 350,000 94,964 17,207 41,429 185,000 540,000 1,541.180 91,911 50,000 141,911 Oth•r trading activiti88 Unrestricted Funds Restricled Total Funds Fund5 2025 Fundraising events Gift Aid 18,128 1,527 18,128 1,577 50 19.655 50 19,705 Unraslricted 'icled Total Fur.ds Funds 2024 r parai51P,3 èw>nls ,,P. .41 1.J? 730 l J2,73 750C 112 513 1?0.149 36
Integrated Education Fund Company Limited by Guarantee Notes to the Financial Statements (¢onJnu•d) Year onded 31 March 2025 Investment Income Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest recelvable Dividends 39,518 11,634 39,516 11,634 31,638 11,634 31,638 11,634 43,272 51,150 51,150 43,272 Costs of ralslng donations and legacle8 Unrestricted Funds Restrfcted Total Funds Funds 2025 Costs of raising donations and legacies - Donations 98,543 28,202 126.745 Unrestrict8d Funds Restricted Totsl Funds Funds 2024 Cost8 of raising dDnalions and le9acies - Donations 149,789 60,259 210,048 10. expondlture on charltable a¢tivitig8 by actlvlty typo Activitle$ undertaken Grant funding directly of acts'vilies Suppert costs Total funds 2025 Total fund 2024 Development & Growth of Integrated Education Govemance costs 377,968 1,094,617 361,364 29,897 1,833.949 29,897 1,634,843 19,942 377,968 1,094,617 391,261 1.863,846 1,654,585 11. Analys1$ of Support costs Development & Growth of Integrated Education Total 2025 Total 2024 Staff costs Premises Cor)municalions and IT Geieral orf.; Human r3iourpes -rnance cgsls Advocacy Cosi 237,577 42,705 16,954 2,721 33.6i1 29.897 ?7.756 237,577 42,705 4S,954 2.721 33.651 29,897 27,756 189,666 44,513 14310 19,942 331,201 ?¥6 85j
Integrated Education Fund Company Limited by Guarantse Notes to the Financial Statements (ConeI¢4) Year ended 31 March 2025 12. Other expendlture Unrestricted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Loss on disposal of tanglble fixed assets held for charlty'8 own use 68 68 279 279 13. Not (lossosVgaln• on InvoStm•nts Unrestrlcted Totsl Funds Unrestrlcted Total Funds Funds 2025 Funds 2024 Galnslllos3es) on other investment assets 110,127} {10,127} 26,741 26,741 14. Net lexponditure)lincome Net (expenditure}Ilncome 18 slated after Gharglngl{cr&diting): 2025 2024 Depreciation of tangible fixed as88ts Loss on disposal of tangible fixed assets 2,394 68 3,215 279 15. Audltor5 remuneratlon 2025 2024 Fee5 payable for the audit of the financial statements 6,300 4.524 16. Staff Costs The total staff costs and employee beneffts for the reporting period are analysed a5 follows-. 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans Other employee benefits 529,349 53,538 34,884 3,757 519.935 43,963 40,653 3,482 621,528 808,033 38
Integrated Education Fund Company Limitsd by Guarantee Notes to the Financial Statements (cgnihwed) Year ended 31 March 2025 16. Staff costs (continufjd) The average head count of employees during the year was 15 (2024.. 15), The average number of full-time equivalant employees during the year is analysed as follows.. 2025 2024 No. Grant maklng Fundraising Advocacy Governance Parental Engagement 1S 15 The number of employees whose remuneratlon for the year fell withln the followin9 bands, We.. 2025 2024 No. £60,000 to £69,999 K•y Management P•rnonn•l Key management personnel Include all persons that have authority and responsibility for planning, directing and controlling the a¢tivStles of the charlly, The lotal compensatlon paid to key management personnel ft)r services provided to the charity wa5 £335,491 {2024'.£319,230). 17. Trustee remuneration •nd expon509 The charily trustees did not receive any Income from employment with the charlty12024'. Nil} and expenses of £165 were reirnbursed or were paid by the Fund during the year {2024: £200). No trustee received payments for professional or other services supplied to the charity 12024.'Nil). Donations of £24012024.'£330) were received from trustees. 39
Integrated Education Fund Company Limited by Guarantee Notes to the Flnanclal Statements (continuéd) Year ended 31 March 2025 18. Tanglblé fixed assets Fixtures and fittlngs Equipment Total Cost At 1 April 2024 Dlsposals At 31 March 2025 1,784 26,851 {897) 25.954 28,635 1897) 27,738 1,784 Depreclation At 1 April 2024 Charge lor the year Disposals At 31 March 2025 1,456 82 17,534 2,312 (829) 19,017 18,990 2.394 (829) 20,555 1,538 Carrying amount At 31 March 2025 246 6,937 9.317 7,183 9.845 At 31 March 2024 328 19. Inv••tm•nts Cash or cash Listsd other equivalents inve8trnents investments Total Cost or valuatlon At 1 April 2024 Additsons Fair value movements 410,998 413,577 403,825 1,228,400 (10,1271 403,450 {10,127) 1.218,273 At 31 March 2025 410,998 403,825 Impairment At 1 Aprll 2024 and 31 klarch 2025 Carrylng amount At 31 March 2025 410,998 403.450 403.825 1,218.273 At 31 March 2024 410,998 413.577 403.825 1,228,400 All investments shown above are held at valuatson. Financial assets held at lair value Tola,, ir.Yti- ',tyentS 3j 31 11113rch 202) iolallad £1218 273 ljiijrh L4a3.4oa of t,..5 balan .3ld ar vaiua.ion iNi1. INIIC.=C Thts ramaining balance ip. iniieslmranli a> mad3 up .3f 14 b, 938 or a >h,orP. Fr•a51Jry ,'xed Icbfri deposit accouil. with a malurily daie OT 3..3 Sep.." ber 2Q2? and a rllrtria: 1 19ar lixpd bond wJith a malurily dale OT 1 st Feoruary F4,34.825 Tbafe are no plans lo iiinds irom ailher the deposit arcounl or 1 yaai a.J bofjd wi Furd? being -d Iwe'i both maLre. 40
Integratad Education Fund Company Limited by Guarantee Notes to the Flnancial Statements (contlnuedj Year ended 31 March 2025 19. Investments feontlnuedj Priorperiod classificadon During the yèar, an error was identified in the prior yea¢s accounting for investments. The investment, whl¢h was classified as a current a<*i5et Investment should have been classified as a fixed asset investmenl. The impact of this clasSIfICation on the prior yearfs statement of financial position is as follows.. Current asset investments-. Decrease of £814,823 Flxed asset investments.. Increase of £814,823 This reclassification has no impa¢t on the prior yeals statement of profft or loss. 20. Debtors 2025 2024 Prepayments and accrued income Other dèbtors 11.829 16,207 53,639 20,594 74.233 28,036 21. Credltors: amounts falllng dua within one yoar 2025 2024 Accruals and deferred income Social security and other taxes Other Creditors 103,530 8,757 355,022 467,309 17,504 10,436 273,551 301,491 22. Credltor9: amounts falllng due after moro than one year 2025 2024 Other ¢redilors 31,521 106,028 23. Pensions and othor post retlrgmènt benefits Defined contribution plans Th- amount r?cogni5ecl in iilcome 91 pan.a',lur? 33 ai Axpefjs in r?lalion to darined Dqiribo'.ign. olans lilia> V3J 884 12024 =49 ?i 3., 41
Integrated Education Fund Company Limited by Guarante8 Notes to the Financlal Statements [c¢tinued) Year ended 31 March 2025 24. Analysls of charltabl8 fundg Unregtrlctsd lundg At 1 Apr 2024 Gains and At losses 31 Mar 2025 Income Expendlture Transfers General funds 1,588,573 246,428 1291,266) (10,127) 1,533,608 At 1 Apr 2023 Gains and At losses 31 Mar 2024 Income Expenditure Transfers General funds 1,384,894 536,014 {383,126) 4.050 26,741 1,588,573 Restrlcted funds At 1 Apr 2024 Gains and At losses 31 Mar 2025 InGome Expenditur? Transfers Trust Programme The Carson Awards Parental Engagement Campaign other funds Irlsh Dept. of Foreign Affalrs & Trade Leonard Family Lincoln Awards Hagan Homes Northem Ireland Office INIO) Natlonal Lottery Fund- Oorrnant Accounts Fund Nl IFI - Communities in Partnership Programme 32,318 148,314 (81,613) 32,946 131.965 29,985 125,349) 4,638 143,525 39,507 245,000 117,391 1231,0521 {46,839} {93,020} (4,577} 110,634 59,301 3,943 194,500 24,261 56.378 94,680 64,000 50 329,484 183,292) (250,000} 110,2001 (347,162) 15,331 8.500 14,111 77,095 38,395 219.243 540,000 1568,1651 (19,925) 171,153 1,719 7,821 19,5401 715,394 1,576.725 11,699,393) 592.726 42
Integrated Education Fund Company Limited by Guarantee Notes to the Financial Statements (conthuod) Year ended 31 March 2025 24. Analysis of charitable funds f¢oftthiued) At 1 Apr 2023 Gains and At losses 31 Mar 2024 Income Expenditure Transfers Trust Programme The Carson Awards Parental Engagement Campaign other funds Irish Depl. of Foreign Affairs & Trade Leonard Famlly Lincoln Awards Hagan Home5 Northern Ireland Office INIO) Natlonal Lottery Fund- Oormant Accounts Fund Nl IFI - Communitles in Partner5hlp Prograrnme 54,349 65,000 (69,390) {17,6411 32,318 23,716 6,251 {29,967) 199,304 50,314 235,000 20,634 (258,3511 {32,4281 131,041) 16001 143,525 39,507 4,905 164,500 19,778 22,072 97,264 70,758 13,483 339,442 (98,226) {4Q.758) (9,0001 {460,464} 3,943 194,500 24,261 58,378 155,328 223,522 540,000 1435,413} (108,866) 219,243 2,602 17,206 (18,089) 1.719 9,501 41,429 151,087) 774,563 1,446.667 (1,501,786) 157 (4,0501 715,394 43
Integrated Education Fund Company Limlted by Guarantee Notes to the Flnanclal Statements (cortlinued) Year ended 31 March 2025 25. Analysis of not 8898ts betr00n funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed asset5 Investments Cuent assets Creditors less than 1 year Credltors greater than 1 year Not a8s•ts 7,183 7,183 1,218,273 1,218,273 420.439 979,269 1,399,708 {112,287) {355,022) (467,3091 {31,521) (31,521) 592,726 2,12e,334 1,533,608 Unrestrfcted Funds Restrlcted Totsl Fund5 Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net as88ts 9,845 9,645 413,577 413,577 1,258,715 1,029,549 2,288,264 193,364) 1208,127) (301,4911 (106,028) (106,0281 715,394 2,303,967 1,588,573 26. Ethical 8tandards In common with many othèr businesses of our Size and nature we use our auditors to prepare and submit retums to the tax authorities and assist with the preparatSon of the flnanclal statements. 27. Taxatlon The Company is a registered charity, and as such is entitled to tax exemptions on income and profits in furtherance of the ¢harily'S primary objeclives. d4
Integrated Education Fund Company Limitsd by Guarantee Notes to the Financial Statements (eortdnued) Year ended 31 March 2025 28. Financial instruments Financial assets 2025 2024 Nl Cèntral Investment Fund 1 Year Maturity Bond 1 Year Maturity Deposlt 403,450 403,825 410,998 413,577 403,825 410,998 1,218,273 1,228,400 The income, expenseg, nel gains and losse8 attributable to the charity's f5nancial instruments are summari5ed as follow5.. 2025 2024 Income and expenses Fixed a556t investments - Nl Central Investment Fund 11,634 11,634 Debt instrurnents measured at cost less impairment Current assets investrn8nts - 1 year maturity bonds Current asset Investments - 1 yéar rnaturity deposits 18,159 18,284 14,074 14,670 40,378 48,077 2025 2024 Net Ilossesl and gains Fixed asset inve31menls - Nl C8nlral Investment Fund (10,127) 26,741 The total inl8resl Income and interest expense for financial assets and liabilities was £51,150 (2024'.£43,372J and £Nil (2024.£Nill respectively 29. Contingèncles A conlingenl liability exists to repay grants and Trust monies received should certain condllions nol be fulfilled by the Gharity. In the opinion of the Tru51ees, the terrns of the Leller5 of Offers have been, or will be. Complied with and no liabillty is expected. 30. A14 alysis of ch3ngp.8 in r.et debt
Integrated Education Fund Company Limited by Guarantee Notes to the Financial Statements fconlinu•dJ Year ended 31 March 2025 31. Operatlng lea80 cornmilmènts The total future minimum lease payments under non-cancellable operating leases are as follows: 2025 2024 Not later than 1 year Later than 1 year and not later than 5 years 42,241 166,%4 40.292 17.394 209,205 57,686 32. Rolated partl There were no r81ated paty transactlons incurred during the year 12024-.Nll}. Other than the reimbursernent of expenses made lo trustees Ise8 Note 171. 33. Grant commitmen18 Tha Charity has grant cofflmltments of £518,OQO which r818tes to future grant payments which will be made when the recipient has fulfill8d the grant conditions.