THE ROYAL ULSTER CONSTABULARY GC-
POLICE SERVICE OF NORTHERN IRELAND BENEVOLENT FUND
(a Charilable Company Limited by Guarantee)
Report of the Trustees
For the year ended 31S1 December 2022
The trustees, vtho are also directors of the charity for the purposes of company law, present their report with the audited
financial statements of the charitable company for the year ended 31st December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial
statements and comply with the Companies Act 2006 and the Charities Act (Northern Ireland) 2008, 2013 and 2022, the
Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and the Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 (effective 15 December 2021)
"Charities SORP IFRS 1021"
Reference and Administrative details of the Charity, Trustees and Advisers:
Registered Company Number N1615340
Registered with The Charity Commission for Northem Ireland with charity number NIC1(H568.
Registered Office
77-79 Garnerville Road, Belfast, Northern Ireland, BT4 2N
Website
https'.Ilpolicebenevolentlund.coml
Directors & Trustees
M. Lindsay, Chaimian (retired 28 May 2022
L. Kelly, Chairman
R. Fitzsimons
D. Walsh
G. Jenkins (retired 5 June 2022)
S. Byrne
E. Anderson (retired 1 June 20231
. Shamia {appointed 20 April 2022)
F. Sinclair {appointed 20 April 20221
J. Perry {appointed 22 June 2022)
E. Mccomill (appointed 21 September 2022)
Senior Statutory Auditor
Michael Davis
Bankers
Danske Bank
Belfast Finance Centre. PO Box 183
Donegall Square. West Belfast. BT16JS.
Auditors
George Hay & Company
Chartered Accountants and Statutory Auditors
83 Cambridge Street. Pimlico. London. SW1V 4PS
Solicitors
Edwards and Co.
28 Hill Street. Belfast. BT12LA.
Principal Address & Registered Office
Police Federation for Northern Ireland,
77-79 Garnerville Road. Belfast. BT4 2NX.
Croasdailes LLP
23 New Row. Coleraine. BT52 1AD.
Investment Managers
CCLA Fund Managers Limited
Senator House. 85 Queen Victoria Street. London. EC4V 4ET
Schroder & Co. Limited
1 London Wall Place. London. EC2Y SAU
Patron
HRH The Duchess of Kent
Page 1

THE ROYAL ULSTER CONSTABULARY GC-
POLICE SERVICE OF NORTHERN IRELAND BENEVOLENT FUND
(a Charilable Company Limited by Guarantee)
Report of the Trustees
For the year ended 31S1 December 2022
Management Committee
Chairman
Chief Executive & Secretsry
Treasurer
Regional Officers:
Hamilton
G. Clarke
E. Mccomiill
D. O'Rourke
L. Colton-Brown
G. Bennett
T. Ross
C. Moore
B. Wallace
T. Fuller
l Magee
No.1
No.2
No.3
No.4
No.5
Retired Police Officers Association
Nl Police Officer Part-time Reserve Representative
Executive Committee SANI
Structure, Governance & Management
Governing Document
The Charity is controlled by its goveming documenL a deed of trusL and conslitutes a limited company. limited by
guarantee, as defined by the Companies Act 2006.
Trustees Induction and Training
Twstees are provided with an induction pack contsining key documents such as the founding document. management
committee terms of reference. schemes handbook. annual accounts and details of professional advisors.
Oryanisational Structure
The trustees manage the charitable company. The full board of trustees meet quarterfy at the charitable Company's
address. The full board of trustees are mainly concerned with policy matters in the activities of the charitable company.
More detailed management matters are deaft with through the management committee which meets on a monthly basis
reporting back to the full board at the trustees meeting. The trustees deal with all finances and decision4naking including
monitoring of income and expenditure staff salaries and any other major issues deemed appropriate.
Other Committee and Working Groups are fo￿ed on a temporary basis as and when necessary. Local Voluntary Welfare
Groups have been incorporated into the charity to support the charitable purposes of the Fund.
None of the trustees receive remuneration from the charitable company.
During 2021 the Charity established the Resource, Audit and Risk Committee {RARC), to initially consist of the CEO and 2
Trustees including the Treasurer. The main aims are to review and Monitor the resources generated and consumed by the
Charity along with assessing the risks the Charity may be exposed to. RARC meets quarterly in advance of the board of
trustees meeting and reports to the trustees.
The trustees of the charity have committed the charity to compliance with The Code of Good Governance produced by the
Developing Governance Group in Northern Ireland. The Charity is also registered with the Fundraising Regulator.
Risk Management
The trustees have assessed the major risks to which the charitable company is exposed in particular those relating to the
operation and finances of the charitable company and are satisfied that systems are in place to mitigate exposure to the
major risks. A review of the Charity's risk management process is undertaken on a periodic basis.
Page 2

THE ROYAL ULSTER CONSTABULARY GC-
POLICE SERVICE OF NORTHERN IRELAND BENEVOLENT FUND
(a Charilable Company Limited by Guarantee)
Report of the Trustees
For the year ended 31S1 December 2022
Objectives & Activities of the Charity
As set out in the Charity's Articles of Association, the Objects of the Charity, at the discretion of the trustees, are to relieve
hardship, need and distress by means of monelary gifts or loans or by such other methods as the trustees shall determine
among the following categories of people:
Members of the Police SeNice of Northern Ireland:
Pensioners of the Royal Ulster Constabulary GC andlor the Police Service of Northern Ireland"
Ex-member5 of the Royal Ulster Constabulary GC andlor the Police Service of Northern Ireland who are not
pensioners"
Widow5, widowers and dependants and partners of any of the above persons who are deceased.
and to provide amenities to Members and former members of the Police Service of Northem Ireland who are sick or fornier
members of the Royal Ulster Constabulary GC who are sick and to make such other disbursement as it thinks fit having
regard to the state of the Fund.
The direct benefit which flows from this purpose includes improvement of conditions of life for the beneficiaries and their
families, promotion of social inclusion and relief from feelings of social isolation, preservation of family life and alleviation
of feelings of sickness and suffering. Benefits are evidenced through feedback from beneficiaries and their families. This
purpose does not give rise to any hann.
Investment Powers
The trustees have discretion as to the manner in which funds are invested. Provisional advice in this regard is provided
by the charitable company's appointed investment managers who have discretion to make investments on behalf of the
charity to achieve the objectives of maximising income whilst allowing for capital growth. Investment perfomiance is
reviewed by the trustees on a regular basis.
Reserves Policy
The achievement of the objects of the charity requires the truslees to act so as to ensure the longevity of the fund. Many
fund beneficiaries will require help over many years and needs may increase as they age. for example. This will
necessitate the holding of significant investments to generale income to supplement donation incomes as well as a
significant level of property assets in the fomi of the holiday apartments. This is required to support the charitsble
objectives of the Benevolent Fund.
The trustees of the charity therefore adopt a policy of retaining free liquid resepies (net Current assets less current
liabilities), including unrestricted cash at bank and after obligations under existing Current liabilities, funds of
approximately 3 to 6 months of nornial expenditure on charitable activities and supporugovernance costs. Operating
expenditure for the year 2022 was approximately £1.48m.
As at 31 st December 2022 the net current assets lolalled £1.053.932. Of these. £267.735 relaled to restricted funds and
£786,197 to unrestricted funds.
Properties
These are used as holiday properties for beneficiaries of the fund and do not generate income. Users may make donations
at their own choice. The level of donations received for 2022 ￿Ere £59k. These properties were valued as at 31st December
2022 at £4,127,500. The properties require regular expenditure to maintain and manage, circa £150k per annum.
Investments.
The Benevolent Fund holds a range of managed investments with a market value as at 31st December 2022 of £3,610,894.
Cash at bank
The Benevolent Fund holds cash assets in a range of accounts including both deposit and current accounts. As at 31st
December 2022 these totalled £990,772.
Page 3

THE ROYAL ULSTER CONSTABULARY GC-
POLICE SERVICE OF NORTHERN IRELAND BENEVOLENT FUND
(a Charilable Company Limited by Guarantee)
Report of the Trustees
For the year ended 31S1 December 2022
Income
The charity obtsins income by the followtng principal sources:
Direct Donations from serving officers
Direct Donations from retired officer5
Public Donations {including legacies)
Investment income (including interest paid on cash holdings)
Expenditure
The Benevolent Fund expends its resources in the following main areas:
Grant Making
Maintenance of the apartments
Supporting officers Isepiing and retired) to attend the Police Treatment Centres
Support to Local Voluntary Welfare Groups
Widows and Mothers Annual Trips
Review
The board of trustees and RARC keep the financial position of the charity under review on a regular basis and adjust
the distribution of the charity's funds. This will require an annual review of this policy which will consider relevant matters
including but not limited to:
Anticipated expenditure
Investment performance
Donations. including levels and trends
Inflation
Grant Making
A key activity of the Benevolent Fund is the provision of grants to beneficiaries. With the exception of one restricted
element of the Fund, these grants are rneans tested and require the approval of the management committee with the
exception of emergency grants which are approved by the Chief Executive.
Financial Review
The Statement of Financial Activities for the year is set out on page 13 of the Financial Statements. The Charity reported
Net Outgoing Resources for the year before other losses & gains of £55.16212021- £173.753).
Income this year has increased by £284,477 to £1N25.941 (2021: £1.141,464), mostly due to increased Donations and
Legacies plus investment income.
Expenditure on charitable activities has increased by £181,788 in the year to £1,192.09812021: £1,010,310> largely due to
the increased activities and events in 2022 following the lifting of COVID restrictions.
There has been a decrease in Support & Govemance costs to £289.005 {2021: £304.907) due to lower broker fees offset
slightly by higher staff costs.
There V￿re unrealised losses on listed investments of £435,312 (2021: gains of £74,150) and realised gains of £Nil12021:
£232,212). This was due to the volatility affecting the stock markets in the latter part of 2022.
The Net Movement in Funds for the year amounts to a deficit of £490.474 (2021: surplus of £132.6091 with total Funds
retained at the year*nd of 31 December 2022 of £8,801.340 of which £8.533,605 represent Unrestricted Funds & £267,735
Restricted Funds.
Page 4

THE ROYAL ULSTER CONSTABULARY GC-
POLICE SERVICE OF NORTHERN IRELAND BENEVOLENT FUND
(a Charilable Company Limited by Guarantee)
Report of the Trustees
For the year ended 31S1 December 2022
Achievements & Perforniance
Grants and awards
During 2022, 45 grants y￿re awarded arnounting to a total of £78.831. In comparison, in 2021 44 grants were awarded
amounting to a total of £89,435. 3 Emergency Grants were awarded amounting to a total of £1,829.
Beneficiaries can find themselves in conditions of hardship as a result of. for example, physical or psychological injury
vthich can increase their sense of isolation and feelings of suffering and thereby negatively impact on family life. These
grants were made against a background of financial need and thus directly improve the conditions of life for beneficiaries
and their families by the relief of hardship.
The Benevolent Fund helps serving and retired officers. widows and dependents.
The widow of an officer describes the difference the Benevolent Fund made to her-,
' Without the help of the Benevolent Fund I would have no quality of life. The Fund has pmvided a very welcome lifeline in
these diffi¢utt financial times...l am so grateful for the help."
One former officer Commented"
"I was fortunate to r￿e1ve a not inconsiderable amount of help fmm the Benevolent Fund. A fill of heating oil and
shopping vouchers...We are incredibly grateful to the fiind - it helped us over a particularly difficult time. relieved
pressure and stress"
In 2022. Education grants were awarded to 5 dependent children to a total of £8.500 a slight fall from 2021 where 7 grants
to a sum of £10.500 were made (which is the same as in the year 2020). These grants assist beneficiaries in. for example.
the purchase of school uniforms. textbooks or equipment orthe payment of university or similar fees. These grants enable
children to avail of education which may olherwise have been much more difficult or potentially unattainable. This directly
improves the conditions of their life by improving their opportunities and by reducing social isolation that may otherwise
affect the children and indeed their families.
Benevolent Fund A rtments
The Benevolenl Fund provides holidays for widows. bereaved partnern and retired members at a number of holiday
apartments. These enable beneficiaries to avail of a holiday which will enable them to have a period of relaxation in an
environment in which they feel comfortable. The properties can also provide breaks which our beneficiaries might
otherwise find difficult to afford. The properties therefore improve personal and family wellbeing for our beneficiaries.
It is also the Case that by dint of their fonner employment as a police officer or as a widow(er) or bereaved partner of a
police officer, beneficiaries can easity feel isolated. this environment of the Benevolent Fund properties can reduce this
sense and encourage relaxation reducing social isolalion and providing a relief from feelings of suffering and stress.
The holiday breaks are of 1 vKek's duration (and a beneficiary can avail of up to 2 breaks annually). The impact of the
Covid 19 pandemic was clearly experienced during 2021 with the holiday properties Benevolent Fund providing 706
breaks, an improvement on the situation in 2020 when the Benevolent Fund was only able to offer 51 holidays and
something approaching a return to nomiality (in comparison with 2019 during which 822 breaks were provided).
2022 saw a conlinued return to pre pandemic levels with 935 holidays being provided.
One of our holidaymakers vm)te'
"It was wonderful to avail of one of the Fund's cottages for a holiday in 2022. It enabled me to have a short break which
would othenyise not have been possible...the break was a blessing benefitting my emotional and mental health...Thank
you"
Page 5

THE ROYAL ULSTER CONSTABULARY GC-
POLICE SERVICE OF NORTHERN IRELAND BENEVOLENT FUND
(a Charilable Company Limited by Guarantee)
Report of the Trustees
For the year ended 31S1 December 2022
Attendance at the Police Treatment Centres
Policing is by its nature an occupation which carries with it a substantial risk of hann. These hanns can be physical andl
or psychological and can endure long into rel1￿ment The Police Treatment Centres IPTC) in England and Scotland exist
to support officers and ex officers in their recovery. This will not onty reduce their direct pain and suffering but can also
improve the quality of life for them and their families and reduce feelings of sickness, suffering and potential social
isolation as a consequence of their injuries.
For serving officers the provision of PTC based interventions Isuch as intense physiotherapyl can also facilitate early
return to work reducing the impact of sick and injury related absence on the delivery of serrfice to the wider community by
the PSNI. Effective interventions can also prevent conditions from worsening and becoming more severe and enduring. Of
course, illness and injury arising during service do not end on retirement from the police service. Retired officers can and
do continue to suffer pain and discomforL
During 2022 the Benevolent Fund supported 144 serving and 38 retired officers lo attend for treatmenL By VRY of
comparison, during 2021, the Benevolent Fund supported 72 serrfing and 28 retired officers to attend.
Attending the PTC aiding their recovery, reducing their level of suffering and in the cases of serrfing officers potentially
reducing the duration their absence from duty and lessening any restrictions on their ability to perforni the full range of
police duty. Although the Fund's operations in this field were obviousty substantially curtailed, the benefit of this facility
can be illustrated by reference to a few comments from some of our beneficiaries.
A serving officer described the benefits that attendance at the PTC had provided thus.
"I had been suffering prolongedpain which was making my work and private life very difficult. I was literally amazed at the
improvement...something which sporadic physio at home was unable to doy This enabled me to enjoy my work and
private life which also boosted my mental wellbeing...I was enabled to do my job and enjoy my life in a way which I would
not otherwise have been able to do"
A retired officer wrote:
"The support was paramount to helping me. Bwng able to unwind and receive physio really and truly made a difference to
my general wellbeing and future outlook...If I hadny attended the Centre at that time I would have spiralled downwards at a
fast rate. The treatment helped me stabilise so I could continue and then look into future treatments"
Local Volunta Welfare Grou
During 2022. the Benevolent Fund also provided funding of over £205k to 25 Local Voluntary Welfare Groups across
Northern Ireland.
These groups seek to support the welfare needs of their membership to improve their quality of life and general health and
wellbeing. These groups have a membership of over 7.000, Comprising retired members, spouses and widowler)s and
bereaved partners.
These groups provide an opportunity for their members to maintain bonds of friendship. cohesion and mutual support.
These groups can provide an environment where ¢ommon experiences can increase feelings of safety and security for
their members. this improving their quality of life and reducing the social isolation that can otherwise develop.
Groups undertake a range of different activities dependent on their location and the wants and needs of their members.
These include monthly meetings and events such as bingo nights and coffee mornings as well as trips. for example to
concerts and shovts or breaks further away with groups this year visiling (for example) England or Scotland.
The Local Voluntary Welfare Groups also assist and support those who are Un￿11 or less mobile by visiting with them and
ensuring that they are kept engaged and encouraged. This has been a very significant focus for the Local Voluntary
Welfare Groups as they maintained remote visiting and befriending calls ensuring that feelings of isolation and loneliness
amongst some very vulnerable people were addressed as far as possible.
Page 6

THE ROYAL ULSTER CONSTABULARY GC-
POLICE SERVICE OF NORTHERN IRELAND BENEVOLENT FUND
(a Charilable Company Limited by Guarantee)
Report of the Trustees
For the year ended 31S1 December 2022
Widows Tri
The Benevolent Fund organises a number of breaks for the widO￿er)S in Northern Ireland and England. The break allows
for a group of people with shared and similar experiences of loss to relax together. building and sustaining bonds of
friendship and mutual support. This Can in turn help to reduce the isolation and loneliness that such loss may lead to.
In 2022 the Benevolent Fund was able to offer breaks to 75 widow(er)s. This was a slight increase on 2021 when the Fund
were pleased to be able to assist 64 widow(er)s to avail of a trip either within Northem Ireland or in England.
Public Benefit
In setting out Iheir objectives and operating the charity. the twstees have given careful consideration to the Charity
Commission NI'S guidance on public benefiL The charity provides a significant public benefit given the relatively wide
range of potenlial beneficiaries. As significant elements of our work support seNing officers and thereby the Police
Service of Northem Ireland. there is a vAder public benefit to broader society.
Twstees. Indemni
Insurance
There is an insurance policy in place to indemnify the trustees.
ststement of Trustees Res
nsibilities
The trustees who are also directors for the purposes of company law are responsible for preparing the Trustees Report
and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Generally
Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view
of the state of affairs of the charitable company and of the incoming resources and application of resources (including
income and expenditure) of the charitable company for that period. In preparing those financial ststements. the trustees
are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable 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.
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the financial position of the charitable company and to enable them to ensure that the financial statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
there is no relevant infomiation of which the charitable Company's auditors is unaware, and
the trustees has tsken all steps that they ought to have taken as to make themselves aware of any relevant audit
infomiation and to establish that the auditors are avrare of that inforniation.
Independent Auditors
The auditors. George Hay & Company. have indicated their willingness to continue in office. and a resolution Concerning
their reappointment will be proposed at the Annual General Meeting.
Page 7

THE ROYAL ULSTER CONSTABULARY GC-
POLICE SERVICE OF NORTHERN IRELAND BENEVOLENT FUND
(a Charilable Company Limited by Guarantee)
Report of the Trustees
For the year ended 31S1 December 2022
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies,
regime.
ON BEHALF OF THE BOARD:
L.Kelly- Trustee
DATE: 14th June 2023
Page 8