COMPANY REGISTRATION NUMBER: N1659055 CHARITY REGISTRATION NUMBER. 101636 NIPSCBF Company Limited by Guarantee Financial Statements 31 March 2023
NIPSCBF Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees. annual report {incorpDrating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements
Page 1 NIPSCBF Company Limitsd by Guarantee Trustees. Annual Report Ilncorporating the Director's Report) Year ended 31 March 2023 The trustees. who a also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. Reference and adminlstratlve detalls Registered charity name NIPSCBF Charity registration number 101636 Company registration number N1659055 Princfpal office and registered HM Prison Maghaberry Old Road offcce Upper Baiiinderry Lisburn Antrim 8T28 2PT The trustees l Millar J Aicken R Atknison P 8radley J Burton K Clarke M Mcmullan R Murtagh J Simpson N Mullan. D Jackson (Appointed 19 October 2022) (Appointed 1 April 2022) Independent examlner Johnston Graham Limited 2161218 Holywood Road Belfast BT4 1PD Structure, governance and management On 1 Ociober 2020 the Northern Ireland Prison Service Central Benevolenl Fund. an unincorporated entity which is a regISted charity, tranSferd its assets and liabilifies in their enlirety to NIPSCBF, having first sought approval from The Charites Commission of Northem Ireland. The company has now been formally registered with The Charities Commission of Northern Ireland and irs a company limited by guarantee. registered in Northern Ireland. The company w35 formed lo continue the objeclive5 of relief of povety and need for its members.
Page 2 NIPSCBF Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) fc¢>nUnu¢d) Year ended 31 March 2023 Objectives and activities The objects are to promote the following purposes: the relief of poverty or need by reason of age. ill health. disability, financial hardship or other 'disadvaniage of those employees or former employees of the Northern Iieland Prison Service who were or are rnembers of the charity, and their widows, widowers and dependents and those civilian grades employed within the Northem Ireland Prison Service who are current mernbers of the charity and upon such CNilian grade being medically retired from the employment of the Northern Ireland Prison Service or being deceased their widows, widowers and dependents: and such other exclusively charitable purpose according to the law of Northem Ireland as the trustees may from lime to time decide. In setting objectives and planning activities for the year. the trustees have given careful consideration lo the Charity Commission. for Northem Ireland's guidance on public benefit to ensure that the activities have helped to achieve the Charity's purposes and provide a benefit to Ihe benef.aries. Achièvements and performance The charity provides assistance to its beneficiaries through the provision of donations, annuities, loans and other fonns of assistance. The charity also provides respite services, accommodation and holiday homes to its beneficiaries. The breakdown of the Beneficiarres are; 1727 Retired offrS. 562 Widows, and we have 878 seNing staff members. The Assistance committee within the fund have also spent another year workin9 efficientEy ensuring that the needs of any of our beneficiaries who have requested assi5tsnce are meL During the year April 22 March 23. the Directors were able lo meet face to face. only usin9 Zoom meetings to facilitate the Directors when they were unable to travel to the rneetings. The meetings are held on the first Monday of each monlh. This year all properties at home were used to Iheir full potential. The propety which we had in Scotland was not being used and wa5 sold. It was agreed to purchase another propety in Northem Ireland. preferabty in Enniskillen. A full programme of events were held this year: 17th- 19th May 22 dows Trip to Roe Park. Limavady 7th July 22 Adrian Ismay Meniorial Golf Day 29th August 22 Family Fun Day 7th September 22 Afternoon Tea and Retirement Presentation 1 Oth September 22 Ulster Veterans Trip 13th September 22 David Blad( Memorial Golf Day 21 st- 28th September 22 Trip abroad to Cala Bana 11th November 22 Annual Memorial Sep4ice 11th December 22 Annual Carol SeNice 9th Dernber 22 Christrnas Dinner in Tandragee Gol* Club 15th December 22 Christmas Dinner in Royal Belfast Golf Club 16th December 22 Christrnas Dinner in Royal Court Hotel. Portrush 22nd - 24th February 23 Wdows Trip to Killyhevlin. Enniskillen In addition. our local committees continue to work in each estsblishnEnt to look after the needs of serving staff. This year we were able to introduce Afternoon Teas. where Retirees We presented with their Retirement gifts.
Page 3 NIPSCBF Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report> {¢onelnu¢dJ Year ended 31 March 2023 Financbal review Incoming resources for the period totalled £550,323 (2022: £344,936). Resources ot £430.015 (2022: £372,860) were expended, result(ng in a surplus for the period of £120,308 {2022: £27,924> and a net asset position of £1,465.431. Plans for future perlods The charity will. continue to build on the. succe5S to date in the wming year by continuing to support its charitable activities. Small company provisions This report has been prepared in accordance with the provisions applicable to cornpanies entiued to the small companies exemption. The trustees. annual report was approved on 9 October 2023 and signed on behalf of the board of Irustees by: J Simpson Trustee
Pa9e 4 NIPSCBF Company Limited by Guarantee Independent Examinerfs Reportto the Trustees of NIPSCBF Year ended 31 March 2023 l pOrt to the trustees on my examination Of Ihe financial statements of NIPSCBF ('the charity,) for the year ended 31 March 2023. Responslbllitles and basis of report As the trustees of the company {aAd a150 its directors for the pUrFeS of company law) you are responsible for the preparation of the financial sl8tements in accordance with the requirements of Charities Act (Nothem Ireland) 2008 (the '2Q08 Acf) and the Companie5 Acl 2006 ('the 2006 ACY). You are satisfied that the accounts of the cornpary are not required by charity or company law to be audited and have chosen Instead to have an independent examinalion. Having satisfied myself that the accounts of the company are not requi to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial statements as carried out under secucn 65 of the 2008 ACL In carrying out my examlnation I have followBd the general DireGtiDns given by Ihe Charity Commission for Northem Ireland under section 65(9)(b) of the 2008 ACL Indopendent exarnlnefs statement sin the charity's gross income exceeded e250,000 your examiner must be a member of a body listed in section 65 of the 2008 ACL I confirm that l am quallf5ed tc undertake the examination because l am a member of Chartered Accountants Ireland. which E one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attenliorl In connécuon with my examination givin9 me cause to believe that in any Material respecL" accountsng cOrdS were not kept in sPeCt of the charity 35 required by section 386 of the 20D5 Act, or the financial aternents do not aGGord wlth those re¢ords; or the financial statements do not Gomply with the accouniing requirements of section 396 of the 2006 Act other than any requirement that the accounts glve a 'true and falrf view whlch is not a matter considered as part of an independent exarnination; or the financial statements have not been prepared in acGordanGe with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charilies appllcable to charitles preparing their accounts in accivdance wEth the Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102). I confinn that there are no other matters lo which your attentlon should be drawn to enable a proper understandin9 of the accounts lo be reached. E Mufholland For and on behalf of Johnston Graham Llmited Independent Examlner 2181218 Holywood Road Belfast BT4 1PD
Page 5 NIPSCBF Company Limited by Guarantee Statement of Financial Activities lincluding income and expenditure account) Year ended 31 March 2023 2023 Unrestricted funds Total funds Total funds 2022 Note Income and endowments Donations and bgacies Charitable actNities Investment income 352.750 26.226 47 352,750 26.226 47 318,044 26,772 120 Total Income 379,023 379.023 344.936 Expenditure Expenditure on charitable activities Disposal of fixed asset Total expenditure 9,10 430.015 430.015 {171.300) (171.300) 258,715 2S8,71 S 372,860 372,860 Net incomel(expenditure) and net movement In funds 120.308 120,308 (27,924) Reconciliation of funds Totsl funds brought forward Total funds carried forward 1.345.123 1.34S,123 1A65,431 1.373,047 1,465.431 1.345.123 The statement of financial activities includes all gains and bsses recognised in the year. All income and expenditure derive from continuing actNities. The notes on pages 8 to 14 fomi part of these financlal ststements.
Page 6 NIPSCBF Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Flxed assets Tangible fixed assets 14 1.316,211 1.079,662 Current assets Debtors Cash at bank and in hand 15 43,530 111,512 155,042 43.207 227,920 271,127 Creditors= amounts falling due within one year Net current assets 16 5,822 5,666 265.461 1.345,123 149,220 1,465.431 Total assets less current Ilabilities Funds of the charity Unrestricted funds 1,465.431 1865,431 1,345.123 Total charity funds 17 1,345.123 For the year ending 31 March 2023 the charity was entitled to exernption from audit under seciion 477 of Ihe Companies Act 2006 relating to small cornpanies. Directors. responsibilities: The members have not reqUId the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for comptying with the requirements of the Act with respect to accounting records and the pparatiOn of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime. These financial Statements were approved by the board of trustees arKI authorised for issue on 9 October 2023, and are signed on behalf of the board by: J Simpson Truslee The notes on pages 8 to 14 lomi part of these flnanclal statements.
Page 7 NIPSCBF Company Limited by Guarantee ststement of Cash Flows Year ended 31 March 2023 2023 2022 Cash flows from operating activities Net incomel(expenditure) 120.308 {27,924) Adjustments for Depfeciation of tangible fiKed assets Other interest re1vable and similar tncome Gains on disposal of tangible fixed assets 54,334 (47 1171,300) 33,894 {120) Changes in.. Trade and other debtors Trade and other creditors 1323) 156 200 2,295 8,345 Cash generated from operations 3.128 Inte5t reiVed 47 120 Net cash from operating aclivities 3,175 8,465 Cash flows from investlng activitles Purchase of tangible assets Proceeds from sale of tangible assets Net cash used in investing activitFes <374,583) 366.512 (8,071) Net (decrease)lincrease in cash and cash equ•valents Cash and cash equivalents at beginning of year Cash and cash equivalents at end ol year {116,408) 227.920 111.512 8.465 219,455 227,920 The notss on page8 8 to 14 fomi part ol these financlal 8tatements.
Page 8 NIPSCBF Company Limited by Guarantse Notes to the Financial Statements Year ended 31 March 2023 General information The charity is a public benefit entity and a private Company limited by guarantee, re9iStered in N.Ireland and a registered charty in Northern Ireland. The address of the registered office is HM Prison Ma9haberry Old Road. Upper Ballinderry. Lisbum. Antrim, BT28 2PT. Statement of compliance rhese financial ststements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Staternent of Recommenrjed Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ of Ireland (FRS 102> {Ch3rities SORP {FRS 102)) arKI the Companies Act 2006. Accountin9 policies Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties rneasUd at fair value through incorne or expenditure. The financial statements are prepared in sterling. which is Ihe functional Cuffency of the entity. Going ¢on¢em There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trusiees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular firture project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Page 9 NIPSCBF Company Limited by Guarantee Notes to the Financial Statements (¢gn¢lnu¢d) Year ended 31 March 2023 A¢¢ounting poli¢les (contlnuedj Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to Ihe charity: it is probable Ihat the economic benefits associated with the transaction will fjow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entillement io the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when ceipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value, Donated facilities and serrfices are recognised in the accounts when received rf the value cAn be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of sep4ices is recognised with the delivery of the contracted seNice. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspenc in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fvndraising activities, events, non<hafitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expendilure thal is neither related to raising funds for the charity nor part of its expenditure on charitable activilies. All costs are allocated to expenditure categories rellecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that acts'vity. Shared cost5 are apportioned tseeen the 8ctivities laey contribute to on a reasenable, justifiable and consistent basis. Tanglble assets Tangible assets are initially reGorded at cost, and subsequently ststed al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impaimient losses.
Page 10 NIPSCBF Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2023 Accounting poliGie5 (¢ofttlnued) Tangible assets (condnued) An increase in the carrying amunt of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairrnent that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain, in whi¢h case the loss is shown within other recognised gains and losses on the ststemerst of financial activities. Depreciatson Deweciation is Ca1lated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold propety Long lea*hold propety Fixiures and fittiros Equipment 20A straight line 20/0 straight line 10°h Straight line 1011/0 straight line Impalrment of fixed assets A review for indicators of impaimient is Carried out at each reporting dale, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amoun( the asset is impaired accordingly. Prior impainnents are also reviewed for possible reversal at each reporting date. For the purposes of impaiment testing, when it is not possible to estimate the recoverable amount of an indivKlual asset, an estimate is made of the recoverable amount of the cash%ener8ling unit to which the asset belon9s. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash infiows from other assets or groups of assets. For impaimient testing of goodwill. the goodwill acquired in a business combination is, from the acquisition date. allated to each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilit¢es of the charity are assigned to those units. Flnancial inGtrumonts A financial asset or a financial liability is recognised only when the charty becomes a party to the contractual provisions of the instrufflent. Basic financial instruments are initially recognEed at the amount receivable or payable including any lated transaction costs. Current assels and current liabilities are subsequently measured al Ihe cash or other consideration expected lo be paid or reGeived and not discounted. Debt instruments are subsequentty measured at amortised cost.
Page 11 NIPSCBF Company Limited by Guarantee Notes to the Financial Statements (conunued) Year ended 31 March 2023 Accounting policies (eontinued) Flnancial Instruments (contlnuedj Vthere investments in shares are publicly traded or their fair value can otheTrvise be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment Other financial instruments, including derivatives. are initially reeo9nised at fair value. unless payment for an asset is deferred beyond normal business term5 or financed al a rate of interest that is not a market rate. in which case the asset is measured at the psent value of the future payments discounted at a rnarkei rate of interest for a similar debt instrumenL Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in ihe statement of ffinancial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impaimenl. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carrying arnount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Llmlted by guarantee The company is limited by guarantee and has no authorised or issued share capital. Donations and legacies Unrestricted Total Funds UnstrICted Total Funds Funds 2023 Funds 2022 Donatlons Subscriptions RetIe Donations Covenant Rebate Donations Events and Excursions Contributions to payroll 100,144 56.071 43.361 2,015 55.159 96.000 352.750 100,144 56,071 43,361 2,015 55,159 96,000 352,750 97,107 51,581 41.122 13.530 18.704 96,000 97.107 51.581 41,122 13.530 18.704 96,000 318,044 318,044
Page 12 NIPSCBF Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2023 Charltable actlvities Unrestricted Total.Funds Unrestricted Total Funds Funds 2023 Funds 2022 Other income from charitable activities 26.226 26,226 26,772 26.772 Investment Income Unrestricted Total Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Bank interest 47 47 120 120 Asset disposal Unrestricted Total Funds UnstrIcted Total Funds Funds 2023 Funds 2022 Gain on disposal of tangible fixed assets held for charity's own use 171.300 171,300 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Charilable Activities 430,015 430.015 372,860 372,860 10. Expenditure on charltable activltles by activlty type Activities undertaken Total funds directly 2023 Total fund 2022 Charitable Aclivities 430.015 430,015 372,860 11. Net incomel(expenditure) Net incomel(expenditure) is stated after chargingl(crediting): 2023 2022 Depreciation Qf tangible fixed assets Gains on disposal of tangible fixed assets 54.334 {171,300) 33,894
Page 13 NIPSCBF Company Limited by Guarantee Notes to the Financial Ststements {¢ontinuedJ Year ended 31 March 2023 12. Staff costs The totsl staff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and salaries 118.784 114,938 The avwage head count of employees during the year was 4 (2022.. 4). No employee received employee benefits of more than £60,OOQ during the year (2022: Nil). 13. Trustee remuneration and expenses No trustees received rernuneralion in the year. (2022- Nil) 14. Tangible fixed ass8ts Land and Fixtures and buildings fittings Equipment Total Cosl At 1 April 2022 Additions Disposals At 31 March 2023 1,504.725 374.583 (135.000) 1,744.308 223.936 38.000 1.766,661 374.583 (136,000) 2,006,244 223,936 38.000 Depreciation At 1 April 2022 Charge for the year Disposals At 31 March 2023 432,663 50,534 (51,300) 431,897 223,936 30.400 3,800 686,999 54.334 151,300) 690,033 223,936 34.200 Carrylng amount At 31 March 2023 1,312.411 3.800 7,600 1,316.211 1,079.662 At 31 March 2022 1,072.062 15. Debtors 2023 2022 Other debtors 43,530 43.207
Page 14 NIPSCBF Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2023 16. Creditors: amounts lalling due within one year 2023 2022 Social security and other taxes Other creditors 2.450 3,372 2,295 3,371 5,666 S.B22 17. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2022 Income Expendtture General funds 1,345,123 550,323 (430.015) 1,465,431 Al 31 March 202 At 1 April 2021 Income Expenditure General funds 1,373,047 344.936 (372,860) 1,345.123 18. Analysls of net assets between funds UnstrIcted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1,316,211 155.042 (5,822) 1.465,431 1,316,211 155,042 (5,822) 1,465,431 Unrestricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1,079.662 271,127 (5,666) 1,345,123 1,079,662 271.127 (5,666) 1,345,123 19. Analysis of changes in net debt At At 1 Apr 2022 Cash flows 31 Mar 2023 Cash at bank and in hand 227,920 (116.408) 111,512