COMPANY REGISTRATION NUMBER: N1659055
CHARITY REGISTRATION NUMBER: 101636
NIPSCBF
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024

NIPSCBF
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the directorfs report)
Independent examinerfs 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 Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report)
Year ended 31 March 2024
The trustees, who are 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 2024.
Reference and administrative details
Registered charity name
NIPSCBF
Charity registration number
101636
Company registration number N1659055
Principal office and registered HM Prison Maghabery Old Road
office
Upper Ballindery
Lisburn
Antrim
BT28 2PT
The trustees
l Millar
J Aicken
R Atknison
P Bradley
J Burton
K Clarke
M Mcmullan
R hlurtagh
J Simpson
N Mullan
D Jackson
Independent examiner
Elaine Mulholland on behalf of Johnston Graham Limited
2161218 Holywood Road
Belfast
BT4 1PD
structure, governance and management
On 1 October 2020 the Northem Ireland Prison Service Central Benevolent Fund, an unincorporated
entity which is a registered charity, transferred its assets and liabilities in their entirety to NIPSCBF,
having first sought approval from The Charites Commission of Northern Ireland. The company has
now been fomially registered with The Charities Commission of Northem Ireland and it's a company
limited by guarantee, registered in Northern Ireland.
The company was formed lo continue the objectives of relief of povety and need for its members.

Page 2
NIPSCBF
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (continued)
Year ended 31 March 2024
Objectives and activities
The objects are to promote the following purposes:
the relief of povety or need by reason of age, ill health, disability, financial hardship or other
disadvantage of those employees or fomier employees of the Northem Ireland Prison SeNice who
were or are members of the charity. and their widows, widowers and dependents and those civilian
grades employed within the Northem Ireland Prison Service who are current members of the charity
and upon such civilian grade being medically retired from the employment of the Northern Ireland
Prison Service or 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 time to time decide.
In setting objectives and planning activities for the year, the trustees have given careful consideration
to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the
activities have helped to achieve the Charity's purposes and provide a benefit to the beneficiaries.

Page 3
NIPSCBF
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (contlnued)
Year ended 31 March 2024
Achievements and performance
The charty provides assistance to its beneficiaries through the provision of donations, annuities, loans
and other forms of assistance. The charity also provides respite seNices. accommodation and
holiday homes to its beneficiaries. The breakdown of the Beneficiaries a￿,. 1845 Retired Officers,
580 Widows, and we have 887 Serving staff members.
The Assistance committee within the fund have also spent another year working efficiently ensuring
that the needs of any of our beneficiaries who have requested assistance are met.
Our nomial meetings are held on the first Monday of each month.
This year all properties at home were used to their full potential. In April we purchased another 2
bedroom property in Potora Wharf, Enniskillen.
A full programme of events were held this year:
9th May 23
25th - 27th May 23
24th June 23
6th July 23
28th July 23
28th August 23
10th September 23
17th September 23
22nd-29th Sept 23
1 Oth-13th Oct 23
18th October 23
10th November 23
24th-26th Nov 23
8th December 23
9th December 23
14th December 23
15th December 23
21st-23rd Feb 24
PJ Kerr Memorial Gotf Day
Trip to Chelsea Flower Show
Day at The Races
David Black Memorial Day
Trip to Jungle Nl
Family Fun Day
Trip lo Ulster Vererans. Day at the National Arboretum
Service of Remembrance for all those who died during covid
Trip to Cala Bona, Majorca
Trip for Widows to Killeshin Hotel
Afternoon Tea for widows and retired
Memorial service at Hydebank Wood Memorial Garden
Christmas Shopping Trip to Manchester
Christmas Dinner, Royal Courts Hotel. Portrush
Carol service at St Annes Cathedral
Christmas Dinner. Belfast Royal Golf Club
Christmas Dinner. Tandragee Golf Club
Widows Trip to Killyhevlin, Enniskillen
In addition, our local committees conknnue to work in each establishment to look after the needs of
serving staff.
Financlal review
Incoming resources for the period totalled £387,227 (2023.. £379.023. Resources of £397,67812023=
£379.678} were expended, resulting in a deficit for the period of £10,451 and a net asset position of
£1,454,980.

Page 4
NIPSCBF
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (continuedj
Year ended 31 March 2024
Plans for future periods
The charity will continue to build on the success to date in the coming year by continuing to support its
charitable activities.
On 30th September 2020, the charity was incorporated and the assets and liabilities of the entity were
transferred in their entirety to a charitable company limited by guarantee, NIPSCBF. registered in
Northem Ireland.
Small company provisions
This report has been prepared in accordance with the provisions applicable to Gompanies entitled to
the small companies exemption.
The trustees, annual reporl was approved on 1 September 2024 and signed on behalf of the board of
trustees by:
J Simpson
Trustee

Page 5
NIPSCBF
Company Limited by Guarantee
Independent Examinerfs Report to the Trustees of NIPSCBF
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of NIPSCBF ('the charity'} for the
year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the company {and also tts directors for the purposes of company law} you are
responsible for the preparation of the financial statements in accordance with the requirements of
Charities Act (Northem Ireland) 2008 {the '2008 Act.) and the Companies Act 2006 ('the 2006 Act,).
You are satisfied that the accounts of the company are not required by charity or company law to be
audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required 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 section 65 of the 2008 Acl. In carying out my
examination I have followed the general Directions given by the Charity Commission for Northern
Ireland under section 65{9){b) of the 2008 AGt.
Independent examinerfs statement
Since the charity's gross income ex￿eded £250,000 your examiner must be a member of a body
listed in section 65 of the 2008 Act. I confimi that l am qualified to undertake the examination because
l am a member of Chartered Accountants Ireland, which is one of the listed bodies.
I have Gompleted my examination. I confirm that no matters have corne to my attention in connection
with my examination giving me cause to believe that in any material respect=
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act. or
the financial statements do not accord with those records,. or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'true and fair. view which
is not a matter considered as part of an independent examination., or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
Elaine Mulholland
on behalf of Johnston Graham Limited
Independent Examiner
2161218 Hol￿00d Road
Belfast
BT4 1PD

Page 6
NIPSCBF
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Unrestricted
funds Total funds
2023
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
360.346
26.784
97
360,346
26,784
97
352.750
26.226
47
Total income
387.227
387,227
379.023
Expenditure
Expenditure on charitable activtties
Other expenditure
Total expenditure
397,678
397.678
430,015
{171,300)
258,715
397.678
397,678
Net (expenditurejlincome and net movement in funds
(10,451)
(10,451)
120,308
Reconciliation of funds
Total funds brought forward
Total funds carried fonvard
1.465,431
1,465,431
.1,454,980
1,345.123
1,454.980
1,465,431
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
lls&L
The notes on pages 9 to 15 forn) part of these financial ststements.

Page 7
NIPSCBF
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
15
1,267,513
1.316,211
Current assets
Debtors
Cash at bank and in hand
16
43,653
149,570
43,530
111.512
193,223
155.042
Creditors: amounts falling due within one year
Net current assets
17
5,756
5,822
187,467
1,454,980
149,220
Total assets less current liabilities
1.465,431
Funds of the charlty
Unrestricted funds
1,454,980
1,465,431
Total charity funds
18
1,454,980
1.465.431
For the year ending 31 March 2024 the charity was entiued to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required 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 complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies. regime.
These financial statements were approved by the board of tnjstees and authorlsed for issue on 1
September 2024, and are signed on behalf of the board by:
J Simpson
Trustee
The notes on pages 9 to 15 fomi part of these financial statements.

Page 8
NIPSCBF
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net (expenditureyincome
(10,451)
120,308
Adjustments for."
Depreciation of tangible fixed assets
other interest receivable and similar income
Gains on disposal of tangible fixed assets
48,698
(97)
54,334
(47)
{171,3001
Changes in..
Trade and other debtors
Trade and other creditors
Cash generated from operations
(123)
{66)
37,961
{323)
156
3.128
Interest received
Net cash from operating activities
97
47
38,058
3,175
Cash flows from investing act5Vities
Purchase of tangible assets
Proceeds from sale of tangible assets
Net cash used in investing activities
(374,583)
255,000
(119,583)
Net increasel(decrease) in cash and cash equivalents
Cash and cash equivalents at beginnTng of year
Cash and cash equivalents at end of year
38,058
111,512
{116,4081
227,920
149,570
111,512
The notes on page$ 9 to 15 forni part of these financial statements.

NIPSCBF
Page 9
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General inforniatlon
The charity is a public benefit entty and a private company limited by guarantee, registered in
N.Ireland and a registered charity in Northem Ireland. The address of the registered office is HM
Prison Maghabery Old Road. Upper Ballinderry, Lisbum. Antrim. BT28 2PT.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (Charilies
SQRP {FRS 1021) and the Companies Act 2006.
Accounting pollcies
Basis of preparation
The financial statements have been prepared on the historical cosl basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charty's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trusteès to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the tnjslees for particular future 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 10
NIPSCBF
Company Limited by Guarantee
Notes to the Financial Statements (eontsnuedj
Year ended 31 March 2024
Accounting policies (Continued)
Incomlng resources
All incoming resources are included in the statement of financial activities when entitlement has
passed lo the charity- it is probable that the economic benefils associated with the transaction
will flow 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 entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless Ihis 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 services 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 services is reGognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incu￿ed. Expendilure 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 fundraising activities, events,
non-Gharitable 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 govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither ￿ lated to raising funds for the
harity nor part of its expenditure on charitable activtties.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and Gonsistent basis.
Tanglble assets
Tangible assets are initially recorded al cost, and subsequently stated at cost less any
accumulated depreciation and impaimient 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 acGumulated impaimient losses.

Page 11
NIPSCBF
Company Limited by Guarantee
Notes to the Financial Statements {GonUnued)
Year ended 31 March 2024
Accounting policies (￿ntinUed)
Tangible assets {¢ontlnued)
An increase in the carying amount of an asset as a result of a revaluation. is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A deGrease in the carrying
amount of an asset as a result of revaluation. is recognised in other recognised gains and losses,
except to which il offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated 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 property
2 % straight line
Long leasehold property
20/0 Straight line
Fixtures and fittings
100/0 Straight line
Equipment
10 % straight line
Impairnient of fixed assets
A review for indicators of impaimient is carried out al each reporting date, with the recoverablè
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identrfiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.

NIPSCBF
Page 12
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounting policies (continued)
Financlal instruments (continuedj
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably. the investrnent is subsequently measured at 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 dertvatives, are initially recognised at fair value. unless
payment for an asset is deferred beyond nomial business temis or financed at a rate of interest
that is not a market rate. in which case the assel is measured at the present value of the future
payments discounled at a market rate of interest for a similar debt instrument.
Other financial inslruments are subsequentty measured at fair value, with any changes
recognised in the statement of financial acts'vities, 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 impaiment, an
impaimient loss is recognised under the appropriate heading in the statement of financial
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 impairment. 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 nol
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Limited by guarantee
The company is limited by guarantee and has no authorised or issued share capital.
Donatlons and legacles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Subscriptions
Retiree Donations
Covenant Rebate
Donations
Events and Excursions
Contributions to payroll
100.437
58.260
43.748
3,287
58.614
96,000
100.437
58,260
43.748
3.287
58.614
96.000
100,144
56,071
43,361
2,015
55.159
96,000
100,144
56,071
43,361
2,015
55,159
96,000
360.346
360,346
352,750
352,750

Page 13
NIPSCBF
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2024
Charitable activltles
Unr8Stricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Other income from charitsble activities
type 1
26,784
26,784
26,226
26,226
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable type 1
97
97
47
47
Expenditure on charltable actlvities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Charitable Activities
397,678
397,678
430,015
430,015
Expenditure on charitable activitles by activlty type
Activities
undertaken Total funds
direcuy
2024
Total fund
2023
Charitable Activities
397,678
397,678
430,015
10. Other expendlture
Unrestricted Total Funds Unrestricted Tolal Funds
Funds
2024
Funds
2023
Loss on disposal of tangible fixed
assets held for charity's own use
(171,300) (171.300)
11. Net (expendlture)nncome
Net (expenditureyincome is stated after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
Gains on disposal of tangible fixed assets
48,698
54,334
(171,300)

Page 14
NIPSCBF
Company Limited by Guarantee
Notes to the Financial Statements (eontlnu¢d)
Year ended 31 March 2024
12. Independent examination fees
2024
2023
Fees payable to the independent examiner for-
Independent examination of the financial ststements
3,160
2.800
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
138,346
118,784
The average head count of employees during the year was 4 (2023.. 4).
No employee received employee benefits of more than £60.000 during the year12023'. Nil).
14. Trustee remuneratlon and expenses
No remuneration nor other benefits from employment with the charity were received by the
trustees.
15. Tanglble flxed assets
Land and Fixtures and
buildings
fittings
Equipment
Total
Cost
At 1 April 2023 and 31 March 2024
DepreclatSon
At 1 April 2023
Charge for the year
At 31 MarGh 2024
1,744,308
223.936
38,000
2,006,244
431,897
44,898
223,936
34,200
3,800
690,033
48,698
738.731
476,795
223,g36
38,000
Carrying amount
At 31 March 2024
1,267,513
1.312,411
1,267,513
At 31 March 2023
3,800
1,316,211
16. Debtors
2024
2023
Other debtors
43,653
43,530

Page 15
NIPSCBF
Company Limited by Guarantee
Notes to the Financial Statements {￿￿tInued)
Year ended 31 March 2024
17. Creditors: amounts falling due within one year
2024
2023
Social security and other taxes
Other creditors
2,386
3,370
2,450
3,372
5,756
5.822
18. Analysis of charitable funds
Unrestricted funds
At
31 March 202
At
1 April 2023
Income Expenditure
General funds
1.465,431
387,227
(397,678) 1,454,980
At
31 March 202
At
1 April 2022
Income Expenditure
General funds
1.345,123
379,023
(258,715)
1,465,431
19. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
1.267.513
193,223
(5,756)
1.454,980
1,267,513
193,223
(5,756)
1,454,980
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
1,316,211
155,042
{5.822)
1,465.431
1,316,211
155,042
15,822)
1,465,431
Net assets
20. Analysis of changes in net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
111.512
38,058
149,570