COMPANY REGISTRATION NUMBER: N1033632
CCNI NUMBER: NIC103686
THE IRISH BAKERS BENEVOLENT SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

THE IRISH BAKERS BENEVOLENT SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
CONTENTS
PAGE
Reference and Administrative details
Trustees. Report
Independent examiner's report
Statement of Financial Activities
Statement of Financial Position
Notes to the Accounts
8-12

THE IRISH BAKERS BENEVOLENT SOCIETY
(A COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2022
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY
Directors
Peter Henry
Brian Irwin
Sean Earley
Claire Andrew (appointed 9 June 2022)
Patrick Fox
David Hickey (appointed 1 March 2022)
Dermot Kelly
Sean Maguire
Sean Stafford
Gerald Cunningham (resigned 16 March 2022)
Ray McNamara (resigned 3 March 2022)
Secretary
Sean Earley
Company number
N1033632
CCNI charity number
103686
Registered office
6b Upper Water Street
Newry
Co Down
BT34 1 DJ
Bankers
Allied Irish Banks plc
53 Main Street
Finglas
Dublin 11

THE IRISH BAKERS BENEVOLENT SOCIETY
{A COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
TRUSTEES, REPORT
The trustees present their report and the accounts for the year ended 31 December 2022.
Structure, Governance and Management
Govemin
document
The Irish Bakers Benevolent Society ("the charity.) was incorporated as a company limited by guarantee (registered
in Northern Ireland Company No. N1033632) on 16 February 1998 and was registered with the Charity Commission
(Charity No. 103686) on 30 November 2015. The charity continued to function as per its Memorandum and Articles
of Association.
istered Office
6b Upper Water Street
Newry
Co Down
BT34 1 DJ
Trustees
The names of all charity trustees, who are also directors for the purposes of the Companies Act, on the date the
report was approved and all individuals who served in such capacity during the year is as follows:
Peter Henry
Brian Irwin
Sean Earley
Claire Andrew (appointed 9 June 2022)
Patrick Fox
David Hickey (appointed 1 March 2022)
Dermot Kelly
Sean Maguire
Sean Stafford
Gerald Cunningham (resigned 16 March 2022)
Ray McNamara (resigned 3 March 2022)
Number and A
ointment of Trustees
As set out in the Articles of Association, the number of voluntary trustees is not subject to any maximum but shall not
be less than three. One third of the elected members retire each year, with those longest serving retiring first. A
retiring trustee shall be eligible for re-appointment. Trustees, other than those retiring by rotation. can only be
appointed at a general meeting if (1) they are recommended by existing trustees or (2) the required notice has been
given by a member entitled to vote of the intention to propose that person as a trustee and the required notice has
been given to those entitled to receive notice of the meeting.
Our purpose, objectlves and activities
The charity exists to provide relief or benefit for persons in need. hardship or distress who are or have been
formerly employed in the bakery industry or in any similar or allied industry on the island of Ireland and to the family
and immediate dependents of any such person by the provision of financial or other charitable assistance as the
directors may decide.
During 2022 the IBBS held 3 fundraising functions as is our normal practice. 2 Golf Days one in Northern Ireland
and one In Republic of Ireland, and a charity ball in Dublin. Each were successful and a net total of É34.806 was
raised.
Of this total raised É20,007 was provided as donations to recipients.

THE IRISH BAKERS BENEVOLENT SOCIETY
(A COMPANY LIMITED B Y GUARANTEEI
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
TRUSTEES, REPORT (CONT'D)
Achievements and performance
The charity is governed by directors drawn from Bakery Organizations in Ireland namely, The Irish Bakery
Association (IBA), the Irish Bread Bakers Association (ROI) {the IBBA) and the Northern Ireland Bakery Council, (the
NIBC). During the year persons in need identified themselves or were identified to one of these three organizations
who in turn forwarded that persons need and situation to the charity Board for consideration. The Board seek to
consider and reply quickly to these needs. Email is used to speedily gain consensus approval for a financial award
to be made where the case is simple. More complex cases requiring more assistance are considered and approved
at the next Board Meeting.
A total of 9 awards amounting to É20,007 were made during the year covering hardship andlor distress. These
situations are brought about by a number of factors amongst them being,. accident, illness prolonged or sudden,
death of a family member, loss of a partner, loss of earnings or family tragedy. The members (ie Bakeries and
Bakery Associations) ofthe charity are alert and sensitive to cases of hardship or distress amongst their employees
or former employees or their Bakeries supplying trades.
A particular difficulty for the Associations is being aware of the situation of former employees or their dependents.
particularly those of pensionable age and the very old who may have left employment many years previously.
The awards were all well received and appreciated. A second award is also possible where the hardship or
distress continues and the proposing Association considers that it would be appropriate.
The Trustees are all aware of their responsibilities under Public Benefit Guidance of the Charity Commissioners
and confirm that Public Benefit requirement has informed the activities of the IBBS for year to 31SI December 2022.
Financial Review
The financial results for the year are set out in the statement of financial activities on page 6. Total incoming
resources for the year were £80,671 (2021: £9,474) being income from the Charity Gala Ball and donations from two
golf days, one held in Northern Ireland and one held in the Republic of Ireland.
Total resources expended amounts to É81.060 {2021., É11,643). In both years 1000/0 of this cost was expended on
direct charitable activities.
The charitable company generated an overall deficit for the year of É389 (2021. deficit É2.169). At the year end
total charitable company funds were É376,501 (2021. É376,890) and are all held in an unrestricted fund.
The trustees consider the results for the year and the financial position of the charity at the year end to be
satisfactory. All monies received supported the key objectives of the charitable company and funded charitable
activity and support costs. The trustees are satisfied that the charity is in a strong financial position and can
continue to provide relief in line with its purpose and objectives.
Reserves Policy
The charity has a reserves policy in place to ensure it is in a position to continue to make assistance payments at a
level consistent with or above those which have been maintained in recent years and to cover any contingencies
which may arise. The trustees consider it is essential to maintain a substantial level of reserves to ensure funds
are always available to meet their charitable and other commitments.
statement of trustees. responsibilities
The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with
applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that law. the
trustees have prepared the charitable company financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the
trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the
stste of affairs of the charitable company and of the incoming resources and application of resources, including the

THE IRISH BAKERS BENEVOLENT SOCIETY
(A COMPANY LIMITED BY GUARANTEEI
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
TRUSTEES. REPORT (CONT'D)
income and expenditure. of the charttable company for that period. In preparing these financial statements. the
trustees are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the
charitable company's transactions, disclose with reasonable accuracy at any time the financial position of the
charitable company and enable them to ensure that the financial statements comply with current statutory
requirements including the Charities Act (Northern Ireland) 2008 and subsequent amendments. The Charities
{Accounts and Reports) Regulations (Northern Ireland) 2015, Companies Act 2006. the charity's Trust Deed.
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard 102 (issued in October 2019) applicable in the UK
and Republic of Ireland. They are also responsible for safeguarding the assets of the charitable company and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on
the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
Small companles, exemption
This report has been prepared in accordance with the special provisions relating to small companies within Part 15
of the Companies Act 2006.
of the board
Peter Henry
Chairman and director
Date: 26 May 2023

THE IRISH BAKERS BENEVOLENT SOCIETY
IA COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2022
INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF THE IRISH BAKERS
BENEVOLENT SOCIETY
I report on the accounts of the company for the year ended 31 December 2022. which are set out on pages 6 and
Respective responsibilities of charlty trustees and examlner
As the charity trustees (and also the directors of the company for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent
examination, it is my responsibility to:
examine the accounts under section 65 of the Charities Act
follow the procedures laid down in the general directions given by the Charity Commission for Northern
Ireland under section 65(9)(b) of the Charities Act
state whether particular matters have come to my attention.
Basls of Independent examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was
carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under
section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also included consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning
any such matters. My role is to state whether any material matters have come to my attention giving me cause to
believe..
1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006
and with the methods and principles of the Charities 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.
4. That there is further information needed for a proper understanding of the accounts to be reached.
Independent examinerfs statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in
connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters
that require drawing to your attention.
D Ruddell ACA
Wylie Ruddell
Chartered Accountants
Unit 63
Armagh Business Centre
2 Loughgall Road
Armagh
BT617NH
Date: 26 May 2023

THE IRISH BAKERS BENEVOLENT SOCIETY
(A COMPANY LIMITED BY GUARANTEEI
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2022
STATEMENT OF FINANCIAL ACTIVITIES
2022
Restricted
Funds
2021
Unrestricted Restricted
Funds
Funds
Unrestricted
Funds
Total
Total
Note
Income:
Donations
Charitable activities
Investments
15.021
65,650
15,021
65,650
9,472
9,472
Total
80,671
80,671
9,474
9,474
Expenditure on:
Charitable activities
81.060
81,060
11,643
11,643
Total
81,060
81,060
11.643
11,643
Net outgoing
resources before
transfers
Transfers
(389}
(389)
(2.169)
(2,169)
Net movement in funds
389
389
2.169
2.169
Reconciliation of funds
Total funds brought
forward
11
376,890
376.890
379.059
379,059
Total funds carried
forward
11
376,501
376,501
376,890
376,890
All income and expenditure is derived from continuing activities.
The statement of financial activities includes all gains and losses recognised in the year.
There is no difference be￿een the net incoming resources for the years stated above and their historical cost
equivalents.
The notes on pages 8 to 12 form part of these accounts

THE IRISH BAKERS BENEVOLENT SOCIErY
IACOMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
STATEMENT OF FINANCIAL POSITION
2022
2021
Note
Current Assets
Receivables
Cash at bank and in hand
28,171
352,884
381,055
1,799
378.043
379.842
Payables: Amounts falling due within one year
Net Current Assets
10
4,554
376,501
2.952
376,890
Total Assets less Current Liabilities
376,501
376,890
Funds
Unrestricted funds:
General fund
Designated funds
376,501
376,890
Total funds
376.501
376.890
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended
31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31
December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
{a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company
as at the end of each financial year and of its movement in funds for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to
the small companies, regime.
The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2023 and were
si
Peter Henry
Chalrman and director
Company Registration No: N1033632

THE IRISH BAKERS BENEVOLENT SOCIErY
IA COMPANY LIM￿ED BY GUARANTEEI
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS
Accounting policies
Company information
The Irish Bakers Benevolent Society is a company limited by guarantee. The liability of each member is
limited to £1 each. There is no ultimate controlling party.
The registered office is 6b Upper Water Street, Newry, BT34 1DJ.
The trustees are also directors of the company for the purposes of the Companies Act 2006.
1.1 Basis of accountlng
The financial statements have been prepared on the going concern basis under the historical cost
convention and in accordance with Charities Act (Northern Ireland) 2008 and subsequent amendments,
The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, Companies Act 2006, the
charity's Trust Deed, Accounting and Reporting by Charities: 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) (issued in October 2019)-
The Irish Bakers Benevolent Society meets the definition of a public benefit entity under FRS 102.
The financial statements are prepared in euro, which is the functional and presentational currency of the
company. Monetary amounts in these financial statements are rounded to the nearest É.
1.2 Incoming resources
Income is recognised when the charity has legal entitlement to the funds, any performance conditions
attached to the items are met, it is probable that the income will be received and the amount can be
measured reliably.
Donations
Grants and donations are credited to incoming resources on the earlier date of when they are received
or when they are receivable, unless they relate to a specified future period, in which case they are
deferred.
Grants and donations which have been restricted for use by the donor or which relate to capital
expenditure are treated as restricted income and are credited to the Statement of Financial Activities
when they are receivable and when any performance conditions attached to the grant or donation have
been met.
Charitable activitles
Income from charitable activities includes all incoming resources generated from participation in the
activities of the charity and sponsorship of the charity's events. Donated prizes for raffle at the Gala Ball
fundraising event are recognised in charitable income at the fair value of the gifts received. All income
is recognised in full in the Statement of Financial Activities when receivable.
Investment Income
Investment income (including bank interest) is recognised when received and is allocated to the
appropriate fund.

THE IRISH BAKERS BENEVOLENT SOCIETY
(A COMPANY LIMITED BY GUARANTEEI
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'D)
Accounting pollcles (cont'd)
1.3 Resources expended
Charitable activities
Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated directly to such
activities and those costs of an indirect nature necessary to support them.
Donated prizes for raffle are expensed at the fair value of the gifts received.
Support costs
Support costs include the central office functions such as general management and financing, These
costs have been allocated to charitable activities.
Governance costs
Governance costs include expenditure on administration of the charity and compliance with
constitutional and statutory requirements.
All expenditure is accounted for on an accruals basis and has been classified to reflect the use of
resources. Expenditure is recognised inclusive of any VAT which cannot be recovered.
1.4 Taxation
No provision is required for taxation as the company is defined as a charity for taxation purposes.
1.5 Debtors
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the
amount prepaid.
1.6 Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held on
call with banks.
1.7 Credltors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably.
1.8 Flnanclal Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured
at amortised cost using the effective interest method.
1.9 Fund accounting
The company has three types of funds forwhich it is responsible, and which require separate disclosure.
Definitions of the funds are as follows:
Restricted funds
Grants. donations and other income received which are restricted by the funder or donor for specific
purposes. Such purposes are within the overall aims of the charity-

THE IRISH BAKERS BENEVOLENT SOCIETY
(A COMPANY LIMITED BY GUARANTEEI
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'D)
Unrestricted funds
General funds are unrestricted funds which are available for use at the discretion of the trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds
Designated funds are unrestricted funds of the charity which the trustees have decided, at their
discretion, to set aside to use for a specific purpose. These relate to donations received where the
donor has expressed a preference that the funds be used for a specific project or purpose. which the
trustees intend to honour.
1.10 Preparatlon of accounts on the going concern basis
Having considered the financial performance of the charity and its financial position at year-end and on
the date of signing the accounts, and considered expected financial performance in the future, the
trustees are satisfied that the charity has adequate resources to continue in existence for the
foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual
financial statements.
Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are required when applying accounting policies. These are continually
evaluated and are based on historical experience and other factors, including expectations of future
events that are believed to be reasonable under the circumstances. The company makes estimates
and assumptions concerning the future, which can involve a high degree of judgement or complexity.
The resulting accounting estimates will, by definition, seldom equal the related actual results. Given the
limited activity of the charitable company, the trustees consider any judgements, estimates and
assumptions as outlined above to be of a nature which has no material impact on the reported assets,
liabilities income and expenditu￿.
Income from Donations
2022
2021
Unrestricted Restricted
Funds
Funds
Unrestricted Restricted
Funds
Funds
Total
Total
Golf days
15,021
15,021
9,472
9.472
Income from Charitable Actlvltles
2022
2021
Gala Ball
65,650
All income from charitable activities is unrestricted income.
Included within income from the Gala Ball is an amount of É6.933 representing the fair value of
donated raffle prizes.
10

THE IRISH BAKERS BENEVOLENT SOCIETY
{A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'D)
Breakdown of costs of charitable activity
2022
2021
Activities undertaken directly
Gala Ball expenditure
Charitable assistance payments
Charitable donations
Support costs {note 6)
Governance costs
note 7
45,865
20,007
3,244
5,380
6,564
81,060
9,742
(3,581)
5.482
11.643
Included within Gala Ball expenditure is an amount of É6,933 representing the fair value of donated raffle
gifts.
Support cost breakdown
2022
2021
Office expense
Bookkeeping and administration
Travel and accommodation
Miscellaneous
Foreign exchange adjustment on sterling account
Bank char
es
147
1,326
850
180
2,823
54
5,380
139
(3.789)
69
3.581
Governance costs
2022
2021
Insurance
Inde
endent examinationlaudit
3,824
2,740
6.564
2,530
2,952
5,482
staff costs and trustees, remuneration
The average monthly number of persons (including trustees) employed by the company during the year was 9
(2021: 9).
None of the trustees have been paid any remuneration or received any other benefits from the charity or a
related entity in either year.
Travel and accommodation costs of £850 {2021: ÉNil) were reimbursed to a trustee during the year.
Recelvables
2022
2021
Amounts falling due within one year:
Trade receivables
Pre
ments and accrued income
26,501
1,670
28,171
1.799
1,799
11

THE IRISH BAKERS BENEVOLENT SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE ACCOUNTS (CONT'D)
10
Payables: amounts falling due within one year
2022
2021
Accruals and deferred income
4,554
2.952
11
Statement of Funds
Balance
1 January Movement in resources
2022 Incoming
Outgoing
Transfers
between
Funds
Balance
31 December
2022
Unrestricted funds
General reserve
Designated funds
Total funds
376,890
80,671
(81,060)
376,501
376,890
80,671
81,060
376.501
Designated funds represent donations received where the donor has expressed a preference that the funds
be used for a specific project or purpose, which the trustees intend to honour.
12
Analysis of net assets between funds
Tangible Fixed
Assets
other Net
Assets
Total
General funds
Desi
nated funds
376,501
376.501
376.501
376,501
13
Financial commitments
At the reporting end date the company had no outstanding commitments for future minimum lease payments
under non-cancellable operating leases.
14 Related parties
There have been no related party transactions in the reporting period that require disclosure.
12