Charity Registration No. NIC101039
Company Registration No. N1038979 (Northern Ireland)
HMRC Charity No. XR41050
N.1. ALTERNATIVES LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

N.1. ALTERNATIVES LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr. P Bunting
Rev G Mason
Mr. G McKay
M5. G Mcveigh
Mr. J Redpath
Mr. B Hunniford
Secretary
Mr. T Winstone
Charity number
NIC101039
HMRC Charity Number
XR41050
Company number
N1038979
Registered office
137 Agnes Street
Belfast
Co. Antrim
Northern Ireland
BT13 IGG
Auditor
HMCI Ltd TIA Hamill Mcllwaine
Chartered Accountants
Registered Auditors
28-30 Old Mountfield Road
Omagh
BT79 7BJ
Bankers
Dan5ke Bank
Donegall Square West
Belfast
Co. Antrim
Northern Ireland
BTI 6JS

N.1. ALTERNATIVES LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report and accounts for the year ended 31 March 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts
and comply with the charity's governing document the Companies Act 2006 and '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 1021" las
amended for accounting periods commencing from 1 January 20161
Objectives and activities
The company's objectives and principal activities are to promote a non-violent restorative community response
to justice issues in Northern Ireland. N.1. Alternatives Ltd will identify needs, often in partnership with local
communities and other voluntary and statutory bodies, relating to safety and conflitt within communities. and
will attempt to heal relationships in a restorative way. At the same time, it hopes to raise community awareness
on the issues affecting young people and adults who are deemed to be at risk and vulnerable.
The main objectives and activities of the company are:
To organise within the community to devise non-violent alternattves to issues of community justice.
To help and work with young people in order to resolve the problems affecting their lives.
To direct young people away from destructive and dangerous practices towards healthy and
constructive activities.
To enable young people to personally reflect on the potentially damaging consequences of risky and
criminal behaviour.
To address areas of weakness and failure within the formal criminal justice system.
To heal relationships within the community and to promote better relationships between the
community and statutory agencies.
To work towards a sustainable model of delivery for as much of the company's services as possible.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities
the charity should undertake.
Achievements and performance
NIA has offices across Northern Ireland North Belfast, Greater Shankill, East Belfast, South Belfast, North
Down, Magherafelt (Mid Ulster Alternatives), Portadown (ABC Altemativesl and Carrick/Larne (East Antrim
Alternatives).
NIA has provided restorative support to over 2,000 victims of crime and anti-social behaviour, involved 3,500
young people in diversionary programmes including schools work,- delivered over 3,000 restorative
interventions,. delivered 300 trainings and intervened in over 500 neighbourhood disputes to find a peaceful
and non-adversarial resolution.
NIA also enhanced its wraparound counselling mechanism to ensure clients were receiving a holistic service
including restorative supporL activities, mentoring and therapeutic interventions. This growth was able to
happen as a result of funding from the Community Foundation N.1 and the Housing Executive through
sustaining tenancies funding.
NIA received new funding from the Belfast Trust to help support Tier 3 vulnerable young people due to a lack
of social work personnel as well as support to young people with addiction and mental health issues.

N.1. ALTERNATIVES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
N IA continued delivering on the Communities in Transition Programme through The Executive Office to tackle
paramilitarism. NIA delivered projects for or along with support from Community Restorative Justice Ireland,
Belfast City Council, NIHE and Big Lottery Fund lothers listed in Note 31.
During this financial period, NIA also received funding from the Department of Foreign Affairs for the Young
Futures Programme in North Belfast which 15 seNing to act as 'bridge' funding until Peace Plus becomes
operational in January 2024 under the Strive Programme.
Financial review
The charity generated a net increase in fund5 of £48,140. This has resulted in the company's reserve5 increasing
from £1,351,040 to £1,399,180.
Principal Funding Sources
The funding sources for the company are varied and are made up by the Departments for Community (Dfc),
The Executive Office and Department of Justice IDOJ), as well as some smaller grants. As a result of increasing
constraints on government expenditure, as well as expansion of its activity base, the charity has to seek funding
from a much broader group of agencies. The involvement of the charity with a grouping of statutory agencies
interested in issues of community justice is proving particularly useful in identifying possible opportunities for
a much wider and strategically orientated range of funding for the future. There is a government-approved
Protocol in place that promotes better working be￿een the charity as a community-based restorative justice
scheme and statutory organisations within the formal justice sector. This Protocol is currently under review,
and the charity hopes that this process will lead to the social impact of its services being reflected more within
funding contracts.
Reserves Policy
The charity aims to maintain at least three month's operational costs. In recent times the charity undertook
some additional projects with the aim of increasing the reseNes to provide a level of reserves to enable the
charity to continue its activities should temporary funding gaps arise in the future.
Goin9 Concem
The company 15 reliant on funding bodies to provide its primary income. Much of this funding is not recurring.
The company is dependent on obtaining future funds to allow its programs to continue. Post year end the
company has been able to continue to attract funds from its current funders and also additional funds from
Peace Plus.
Services
Nl Alternatives Ltd delivers a wide range of seNices for the public benefit, but all of them are underpinned by
the principles of restorative practice. In essence this involves the healing or fixing of the fra9mented individual,
family and community relationships that lead to crime, anti-social behaviour and community conflict Services
available include the Intensive Youth Support Programme (for individuals), Wrap Around Youth Support
Programme (holistic support), Family Support, Victim Support Counselling, Preventative Group Work (for
young people 'at risk), mediation seNices {including work on behalf of Northern Ireland Housin9 Executive,
housing associations and PSNI) restorative work with adult offenders, employability and good relations training
for NEET (Not in education, employment or training) young people, schools outreach work, and detached
street engagement. The company can also deliver training in restorative practice, principles and awarene5S to
a wide client base.
The charity delivers contracts on behalf of the Belfast Health and Social SeNices TrusVBelfast Outcomes Group
in terms of Family Support and Family Hub seNices and plays a major role in implementing local community

N.1. ALTERNATIVES LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
safety strategies as part of the Neighbourhood Renewal process. Much of its work is delivered on a
collaborative basis, and the agency has partnerships in place with a great many statutory, community and
voluntary bodies. It is the lead body in two major partnerships that are funded by Peace IV. Much of the work
relied upon the contribution of around 300 volunteers and was delivered in marginalised communities.
Plans for Future Periods
The company has developed a strategic business plan to facilitste the marketing of some of its services along
a social economy model. This will help to generate additional revenue that will enhance sustainability. The
government-related Adult Restorative Strategy which became operational in 22/23 a150 means to promote a
more strategically-focused model of seNice delivery for restorative practice. New opportunities are being
explored to incorporate restorative practice into institutionalised settings, and to allow more ready access to
a statutory referral process under the terms of the Protocol that was established to increase co-operation with
the state agencies that hold membership of the formal Justice system.
NIA has developed a University qualification on restorative practice/justice in partnership with Ulster University
and it is anticipated that this new development will help to generate a small income stream.
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are
in place to mitigate exposure to the major risks.
Structure. governance and management
Governing Document
The or9anisation is a charitable company limited by guarantee, incorporated on 21 st July 2000 and registered
as a charity by HMRC on 1 st July 2000. The company was established under a Memorandum of Association
and is governed under its Articles of Association. On 14th November 2014 the company was officially
registered by the Charity Commission for Northern Ireland with the charity number NIC 101039.
The trustee5, who are a150 the director5 for the purpose of company law, and who served during the year
Peter Bunting
Rev Gary Mason
Gary McKay
Grainne Mcveigh
Jackie Redpath
Bobby Hunniford (resigned 2nd December 20241
Recruitment and Appointment of Management Committee
The directors of the company are also charty trustees for the purposes of charity law and under the company's
Articles are known as members of the Board. Under the requirements of the Memorandum and Articles of
Association the members of the Board are elected to serve for a period of one year after which they must be
re-elected at the next Annual General Meeting.
Trustee Induction and Training
Upon their appointment all new trustees are required to undergo training on the governance arrangements
for the company, their roles and responsibilities as trustees, the principles of restorative justice, and the
operations and Services carried out by the company.

N.1. ALTERNATIVES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Risk Management
The Board has conducted a review of the major risks to which the charity is exposed. A risk register has been
established and is updated at least annually. Where appropriate, systems or procedures have been established
to mitigate the risks the charity faces. Significant external risks to funding have led to the development of a
strategic plan which will allow for the diversification of funding and activities. Internal control risks are
minimised by the implementation of procedures for authorisation of all transactions and projects. These
procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
Organi5ational Structure
Nl Alternative5 Ltd has a Board of up to eleven members who meet quarterly and are responsible for the
strategic direction and policy of the charity. At present the Board has nine members from a variety of
professional backgrounds relevant to the work of the charity. The Secretary a150 sits on the Board but has no
voting rights.
A scheme of delegation 15 in place and day to day responsibility for the provision of the service5 rest with the
Chief Executive, along with the Services, Operations and Finance and Administration Managers. The Chief
Executive 15 responsible for ensuring that the charity delivers the services specified and that key performance
indicators are met.
Related Parties
The company acts as an umbrella body for five local-based restorative justice organisations, and these
organisations are represented on the Board.
Statement of trustees. responsibilities
The trustees, who are also the directors of N.1. Alternatives Limited for the purpose of company law, are
responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare accounts for each financial year which give a true and fair view
of the state of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these accounts, the trustees are required to..
selett suitable accounting policies and then appiy 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 accounts,. and
prepare the accounts on the going concern basis unless it 15 inappropriate to presume that the charity will
continue in operation.
The trustee5 are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial position of the charity and enable them to ensure that the accounts comply with the
Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detèrtion of fraud and other irregularities.

N.1. ALTERNATIVES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Statement of disclosure of information to auditors
In so far as the Trustees are aware..
There is no relevant audit information of which the charitable companys auditor is unaware., and
The Trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors is aware of that information.
Independent Auditors
The auditors, HMCI Ltd TIA Hamill Mcllwaine, have indicated their willingness to remain in office and a
resolution for their re-election will be proposed at a forthcoming General Meeting.
The trustees, report was approved by the Board of Trustees and signed on their behalf.
Rev G Mason
Trustee
Date: 5th December 2024

N.1. ALTERNATIVES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF N.1. ALTERNATIVES LIMITED
Opinion
We have audited the financial statements of N.1. Alternatives Limited for the year ended 31 March 2024 which
comprise the Balance Sheet as at 31 March 2024,- the statement of financial activities, cash flow statement and
notes to the financial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 rhe Financ/a/ Reporting Standard app/ic3b/e in the UK and Republic
of /re/and (United Kingdom Generally Accepted Accounting Practice).
In our opinion, N.1. Alternatives Limited's financial statements..
give a true and fair view of the stste of the charity'5 affairs as at 31 March 2024 and of its incoming
resources and application of resources, and cash flows for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
(United Kingdom Accounting Standards, comprising FRS 102 "The Financial Reporting Standard applicable
in the UK and Republic of Ireland" and applicable lawl and-,
have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008.
Basi5 for opinion
WÈ conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit
of the financial statements section of our report. We are independent of the company in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the members use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertaintie5 relating to events or
condition5 that, individually or collettively, may cast significant doubt on the charities ability to continue as a
going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report

N.1. ALTERNATIVES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF N.1. ALTERNATIVES LIMITED
Reporting on other infomiation
The other information comprises all the information in the Annual Report other than the financial statements and
our auditors. report thereon. The trustees are responsible for the other information. Our opinion on the financial
statements does not cover the other information and, accordingly, we do not express an audit opinion or, except
to the extent othemise explicitly stated in this report, any form of assurance thereon.
In connection with our audit of the financial statements, our responsibility 15 to read the other information and, in
doing 50, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to perform procedures to conclude whether
there is a material misstatement of the financial statements or a material misstatement of the other information. If,
based on the work we have performed, we conclude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing to report based on these responsibilities.
Based on the responsibilities described above and our work undertaken in the course of the audit ISAS IUKI require
us also to report certain opinions and matters as described below.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtsined in the course of the
audiL we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the trustees,
report,. or
adequate accounting records have not been kept, or returns adequate for our audit have not been received
by us,. or
the financial statements are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we require for our audiL

N.1. ALTERNATIVES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF N.1. ALTERNATIVES LIMITED
Responsibilities of the Trustees for the financial statements
As explained more fully in the Statement of Trustees. Responsibilities set out on page six, the trustees are
responsible for the preparation of the financial statements in accordance with the applicable framework and for
being satisfied that they give a true and fair view. The trustees are also responsible for such internal control as they
determine is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue
as a going concern, disclosing, as applicable, matters related to going concern and using the going concern ba515
of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic
alternative but to do so.
Auditors. responsibilities for the audit of the financial statement5
We have been appointed as auditor under paragraph 6 of schedule 6 of the Charities Act (Northern Ireland) 2008
and report in accordance with regulations made under section 66 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatements in respect of irregularitie5, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We gained an understandin9 of the legal and regulatory framework applicable to the charity and the industry in
which it operates, and considered the risk of arts by the charity that were contrary to applicable laws and regulations,
including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a
material mi5Statement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may
involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
10

N.1. ALTERNATIVES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF N.1. ALTERNATIVES LIMITED
We focused on laws and regulations which could give rise to a material misststement in the financial statements,
including, but not limited to, the accounting and reporting of charities and UK tax legislation. Our tests included
agreeing the financial statements disclosures to underlying supporting documentation, enquiries with management
and enquiries of legal counsel where appropriate. There are inherent limitations in the audit procedures described
above and, the further removed non-compliance with laws and regulations is from the events and transactions
reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit
matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management
override of internal controls, including testing journals and evaluating whether there was evidence of bias by the
committee members that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of
the Auditors.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts
and Reports) Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might state to
the charity's trustees those matters we are required to state to them in an auditorfs report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity
and the charity's trustees as a body, for our audit worl for this report, or for the opinions we have formed.
Mr Rodney Hamill FCA (Senior Statutory Auditor)
for and on bèhalf of HMCI Limited
T/A Hamill Mcllwaine
28-30 Old Mounffield Road
Omagh
Co. Tyrone
BT79 7BJ
Date.. 5th December 2024
HMCI Limited ff/A Hamill Mcllwaine) is eligible to act as an auditor in terms of section 1212 of the Companie5 Act 2006.

N.1. ALTERNATIVES LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
Restricted
funds
Total
Total
2024
2023
Notes
Income and endowments frorn:
Charitable activities
Other trading activities
Investments
2.480.194 2,480.194
3.254
3.254
2,590,727
431
Total income
2,483.448 2.483,448
2,591,158
Ex
enditure on:
Charitable artivities
2,435.308 2.435,308
2,169,892
Net (outgoing) resources before transfers
48.140
48.140
421,266
Transfers between funds
Net (expenditure) for the year
Fund balances brought forward
48.140
48,140
421,266
97,527
1.253,513 1,351.040
929,774
Fund balances carried forward
97,527
1.301.653 1.399.780
1,351,040
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure
account under the Companies Act 2006.
12

N.1. ALTERNATIVES LIMITED
BALANCE SHEET
AS A T 31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
10
163,128
178,207
163.128
178,207
Current assets
Debtors
460,470
824,496
458,787
807,970
Cash at bank and in hand
Creditors: amounts falling due within
one year
1.284,966
1,266,757
(48.914)
193,924)
Net current assets
1.236.052
1,172,833
Total assets less current liabilities
1.399,180
1,351,040
The funds of the charity
Restricted funds
1.301.653
1,253,513
Unrestricted funds
97,527
97,527
Totsl funds
14/15
1.399.180
1,351.040
The notes on pages 15 to 26 are an integral part of these financial statements.
The financial statements on pages 12 to 26 were approved by the Trustees 5th December 2024 and were signed on
its behalf by.
Rev G Mason
Trustee
Company Registration No. N1038979
13

N.1. ALTERNATIVES LIMITED
CASH FLOW STATEMENT
ASA T31 MARCH2024
2024
2023
Notes
Cash flows from operating activities
Net cash (used inl operating activitiès
Cash flows from financing activitie5:
Interest received
Cash flows from investing activities:
8.437
534,312
(Purchase) of tangible fixed assets
Disposal of tangible fixed assets
Change in cash and cash equivalents in the reporting
period
Cash and cash equivalents at the beginning of the
reporting period
Total cash and cash equivalents at the end of the reporting
period
(2,242)
10,331
16.526
147,284)
487,028
807.970
320,942
824.496
8Q7,970
Notes to the cash flow statement
Reconciliation of cash flows from operating activities
2024
2023
Net (expenditure) for the reporting period
Adjustments for..
Interest received
48.140
421,266
Depreciation
Ilncrease)/decrease in debtors
Increase/ldecreasel in creditors
Net cash used in operating activities
6.990
(1.683)
(45.010)
8.437
6,280
60,482
46,284
534,312
Analysis of cash and cash equivalents
2024
2023
Cash at bank and in hand
Total cash and cash equivalents at end of the reporting period
824.496
824,496
807,970
807,970
14

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity information
N.1. Alternatives Limited is a private company limited by guarantee incorporated in Northern Ireland and
has no share capital. The registered office is 137 Agnes Street, Belfast, Co. Antrim, BT13 1GG, Northern
Ireland.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's governing documen¢ the Companies
Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January 2016).
The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity- Monetary amounts
in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention to include certain financial
instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Goin9 concern
At the time of approving the accounts, the trustee5 have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accountin9 in preparin9 the accounts.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes
and uses of the restricted funds are set out in the notes to the accounts.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been
met the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donation5 are recognised once the charity has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donation5 received under Gift Aid or deeds of covenant is recognised at the time
of the donation.
15

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending
distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated
as a contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods and services provided in the normal course of business, net of discounts, VAT and
other sales related taxes.
1.5 Resources expended
Expenditure is recognised on an accruals basis as a liability incurred. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which is relates..
Charitable 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.
All costs are allocated belAveen the expenditure categories of the SOFA on a basi5 designed to
reflect the use of the resource. Costs relating to a particular activity are allocated directly, others
are apportioned on an appropriate basis, as set out in the notes to the accounts.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at C05t or valuation, net of
depreciation and any impairment 1055es.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases..
Freehold land and buildings
Fixtures and frttings
2Yo Reducing Balance
250/0 Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference betsveen the sale
proceeds and the carrying value of the asset and is recognised in net income/lexpenditurel for the year.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for
impairment annually, and whenever there is an indication that the asset may be impaired.
16

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Settion 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial asset5 and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on
a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transattion costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future payments discounted at a market rate of interest. Financial liabilities classified
as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course
of operations from suppliers. Amounts payable are classified as current liabilities if payment 15 due wtthin
one year or less. If not, thèy are presented as non-current liabilities. Trade creditors are recognised initially
at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
17

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services
are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or1055 in the period to which they relate.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12 Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on
a straight line basis over the term of the relevant lease.
Critical accounting estimate5 and judgements
In the application of the charity's accounting policie5, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
period5.
The key sources of estimation uncertainty at the reporting date that have a significant risk of causing a
material adjustment to the carrying value of assets and liabilities within the next financial year include-
i) Useful economic lives of tangible fixed assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful
economic lives and residual values of the assets. The useful economic lives and residual values are
reassessed annually.
ii) Accruals
The directors estimate accruals based on the information available at the time of preparing the financial
statements and adjust as more accurate information is made available.
18

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities- Income
Unrestricted
Restricted
funds
Totsl
Total
funds
2024
2023
Grant Income
2.480,194
2.480.194
2,590,727
For the year ended 31 March 2023
Unrestricted funds
Restricted funds
2,590,727
2,590,727
2,590,727
2,590,727
Grant Income Analysis for 2024
Include Youth
93.372
93,372
145,050
123,445
49,699
104,289
Northern Ireland Housing Executive
Belfast Trust
145.050
123.445
49,699
104.289
45,142
191.667
551.954
393,998
180.821
13,993
43,610
Big Lottery Fund
Dept of Justice
Dept. of Fareign Affairs (Reconciliation)
NIO
45,142
191,667
551,954
393,998
180,821
13,993
43,610
100,000
The Executive Office
cR]I
CFNl/lnternational Fund Ireland
The Ireland Funds
Community Foundation
NIACROIASPIRE
Rural Action/ International Fund Ireland
Dept. for Communities
Other
100.000
43.167
334,550
65,437
43,167
334,550
65,437
2.480,194
2,480,194
19

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Othèr trading activities- Income
2024
2023
Charity Donations
3.254
3.254
Investments- Income
2024
2023
Interest receivable
431
Charitable activities expenditure
Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
Staff costs (note 8)
Programme costs
1.411.701
728.267
1,411.701
728,267
1,326,372
586,380
2,139.968
2.139.968
1,912,752
Support costs (note 71
295,340
295,340
257,140
2.435.308
2.435.308
2,169,892
For the year ended 31 March 2023
Unrestricted funds
Restricted funds
2,169,892
2,169,892
2,169,892
2.169,892
20

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
7 Support costs- expenditure
Unrestricted Restricted
Total 2024
Total 2023
Depreciation
Rent & rates
6,990
6.990
36.117
436
6,280
33,209
5,177
7,329
13,996
19,375
447
36,117
436
Repairs & maintenance
Insurance
7,566
17,005
14,314
337
7.566
17.005
14.314
Light & heat
Office expenses
Bank charges
General expenses
Subscriptions and licence5
Travel costs
337
19,281
65,221
43,863
19,281
65,221
43.863
2.720
3,605
77.885
50,475
51,097
2,720
1,535
63,056
257,140
Staff training
Audit fee
2,720
Accountancy
Legal and professional
3,605
77,885
295,340
295.340
21

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net Incoming Resources/lncome for the year
2024
2023
Thi5 15 stated after charging:
Salaries
1.237.764
114.983
58.954
1.411.701
1,163,531
107,652
55,189
1,326,372
Social security costs
Other pensions costs
Staff costs
Depreciation charged
Fees payable to the company's auditor for the audit of accounts
6,990
2,720
6,280
2,720
Employees
Number of employees
The average monthly number employees during the year was=
2024
2023
Number
Number
Average
43
42
The number of trustees whose annual remuneration wa5 £60,000 or more were=
2024
2023
Number
Number
£60,000 £70,000
Key management compensation
The compensation paid or payable to key management (the two co-directors) for employee services is shown
below
2024
2023
Key management compensation
Pension
122,264
7.680
120,315
7,680
22

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10
Tangible fixed assets
Freehold land and
buildings
Fixtures and
Fittings
Total
Cost
At l April 2023
Additions
181,887
42,546
2,242
224,433
2,242
(10,3311
Disposals
At 31 March 2024
{10,331)
171.556
44.788
216.344
Depreciation
At 1 April 2023
Charge for the Year
19,515
2,471
26,711
4,519
46,226
6,990
At 31 March 2024
21,986
31.230
53.216
Net book value
At 31 March 2024
149.570
13.558
163.128
At 31 March 2023
162,372
15,835
178,207
The propety on Agnes Street was acquired in 2016 and is subject to a covenant which novated along with
the propety. The previous owner had entered into a 22 year covenant (commencing in 2009) and a 10
year covenant (commencing in 20101 with the Department of Education whereby the Department of
Education would fund the refurbishment costs. Should the propety cease to be used for charitable youth
activitie5, or other activities as set out in the covenant, a portion of the refurbishment Costs could be
repayable to the Dept. of Education.
23

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Debtors: amounts falling due within one year.
2024
2023
Trade and other debtors
Prepayments and accrued income
453,799
6.671
455,662
3,125
460,470
458,787
12
Creditors". amounts falling due within one year
2024
2023
Other taxation and social security
Accruals
6.232
42,682
3,181
90,743
48.914
93,924
13
Taxation
The company is a registered charity and, as such, is entitled to certain tax exemptions on income and profits
from investments and surpluses on any trading activities carried on in furtherance of the charity's primary
objectives, if these profits and surpluses are applied solely for charitable purposes.
24

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Restrirted fund5
Balance at
l April 2023
Incoming
resources
Resources
expended Transfers
Balance at 31
March 2024
Restricted fund
1,253,513 2,483.448
{2,435,3081
1,301,653
Unrestricted fund
97,527
97.527
1,351,040 2,483,448
(2,435,308)
1,399,180
15 Analysis of net assets between
funds
Unrestricted Restricted
Funds
Funds
Total
Fund balances at 31 March 2024 are represented by:
Tangible/lntangible assets
Current assets/lliabilities)
657
162,471
163,128
1.236.052
96,870
1,139,182
97.527 1,301.653
1.399.180
25

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Related party transactions
The related parties are-
Bangor Alternative5 Ltd
Greater Shankill Alternatives Ltd
North Belfast Alternatives Ltd
East Belfast Alternatives Ltd
South Belfast Alternatives Ltd
The above entities are related as they have one representative of their Board appointed to the Board of Nl
Alternatives Ltd.
17 Liability of Members
N.1. Alternatives Ltd is a company limited by guarantee. The liability of the members is limited to an
amount not exceeding £1.
26