NIPS Annual Report and Accounts 2012-13 - Department of Justice

ANNUAL
REPORT
and Accounts
23. Third Party Assets
There is a Prisoners’ Private Cash (PPC) facility for the lodgement of prisoner earnings and funding of tuck shop
purchases. When prisoners are discharged they are paid in full the balance on their PPC account. The average
prisoner private cash balance at 31 March 2013 was £81 (2011-12: £94).
Each prison establishment administers a Prisoners’ Amenities Fund. Payments from the fund are used for the
welfare/benefit of all prisoners. Fund receipts include income from the sale of tuck shop items, phone credits and
donations.
1 April Gross Gross 31 March
2012 Inflows Outflows 2013
£’000 £’000 £’000 £’000
Monetary assets such as bank balances
and balances on deposit
Prisoners’ Private Cash Accounts 169 3,457 (3,473) 153
Prisoners’ Amenities Funds 176 183 (130) 229
345 3,640 (3,603) 382
24. Corresponding Amounts
During the financial year 2012-13 the following changes took place:
Provisions
This year the injury awards were valued under IAS 19 Employee Benefits. IAS 19 requires the employer to value the
expected injury awards for active members who are currently uninjured but who may become injured in the future,
and include the value in the Statement of Accounts.
This amounts to a change in accounting policy which has been treated as a prior year adjustment in line with IAS 8
and prior year comparative figures have been restated accordingly from the earliest opportunity 1 April 2011. These
adjustments are reflected in the main statements and in notes 5, 16 and 24 to these financial statements.
The impact of the above adjustments on corresponding amounts in the 2011-12 financial statements are
summarised in the tables overleaf.
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