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 regISte￿d charity, tranSfer￿d 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 off￿rS. 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 De￿rnber 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 pUrF￿eS 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 reqUI￿d 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 p￿paratiOn 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 re￿1vable 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 Inte￿5t re￿iVed 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 rneasU￿d 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