THE IRISH BAKERS BENEVOLENT SOCIETY
(A COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2023
TRUSTEES. REPORT
The trustees present their report and the accounts for the year ended 31 December 2023.
Structure, Governance and Management
Govemin
document
The Irish Bakers Benevolent Society {'the charitv) 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
(ChaTity No. 103688) on 30 Novemb8r 2015. The chariiy 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 th8 Companies Act. on the date the
report v￿S approved and all individuals who seN8d in such capacty during the year is a5 follows..
Claire Andrew
Sean Earley
Patrick Fox
David Hickey
Peter Henry
Brian Irwin
Dermot Kelly
Sean Maguire
Sean Stafford (resigned 25 May 2023>
Numb8r and A
intment of Trus
ees
As set out in the Articles ofAssociation, 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 rf (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 thal person as a trustee and the required notice has
been given to those entitled to receive notice of the meeting.
Our purpose. objectlves and activitles
The charty exists to provide relief or benefit for persons in need, hardship or distress who are or have been
fomierly employed in the bakery industry or in any similar or allied industry on the island of Ireland and to the family
and immediate dependent8 of any such person by the provision of financial or other charitable assistance as the
directors may decide.
During 2023 the IBBS held 3 fundraising functions as is our normal practice, 2 Golf Days one in Northem Ireland
and one In Republic of Ireland. and a charity ball in Dublin. Each were successful and a net total of É39.498 (2022..
34.806) was raised.
Of this total raiswj É30,000 {2002: QO,007} was provided as donatlons to recipients.

THE IRISH BAKERS BENEVOLENT SOCIETY
{A COMPANY LIMrrED BY GUARANTEEI
TRusfEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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 Ir8land Bakery Council. {the
NIBC). During the year persons in need identified themselves or were identified to on8 of these three organizations
who in turn forwarded that persons need and sltuation 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 of10 (2022: 9) awards amounting to é30,000 (2022: QO.007) were made during the year covering hardshlp
andlor distress. These situations a￿ brought about by a number of factors amongst them being., accident, illness
prolonged or suddèn. death of a family member. loss of a partner, loss of earnings or family tragedy. The members
(ie Bakeries and Bakery Associations) of the 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 pensianable 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 proposin9 Association considers that it would be appropriate.
The Trustees are all 8ware of thelr 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 31 December 2023.
Financial Review
The financial results for the year are Sét out in the statement of financial activities on page 6. Total incoming
resources for the year were E88,177 {2022,' E80,671) 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 É85,693 (2022; E81,060). In both years 100% of this cost was expended on
direct charttable activilies.
The charitable company generated an overall surplus for th6 year of Q,484 (2022. deficit E389). At the year end
total charitable company funds were £378,985 {2022', É376.501) and are all held in an unrestricted fund.
The trustees consider the resutts for the year and the financial position of the charty 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 posilion and can
continue to provide relief in line with its purpose and objectives.
Reserves Pollcy
The charity has a reserves policy in place to ensure it is in a position to continue to make assistsnce payments at a
level Gonsistent 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, responslbllltles
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 slatements 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
trust8es must not approve the financial stalements unless they are satisfied that they give a true and fair view of the
state of affairs of the chaiitable company and of the incoming resources and application of resources, including the

THE IRISH BAKERS BENEVOLENT socIErY
COMPANY LIMITED BY GUARANTEE)
TRUSTEEV REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES. REPORT (CONT'D)
Income and expenditure. of the charitable company for that period. In preparing Ihese financial sL2tements, 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 concern 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 ensur8 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.
A¢¢ounting 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 assels 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 dlffer from legislation in otherjurisdictions.
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.
On behalf of the board
Peter Henry
Chaimian and director
Patrick Fox
Treasurer and director
Date: 17 May 2024