REGISTERED CHARITY NUMBER: NIC103690
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
Altram
Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. Annagh
BT67 OLE

Altram
Contents of the Financial Statements
for the Year Ended 31 March 2023
Page
Reference and Administrative Details
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Statement of FADancial Position
Notes to the Financial Statements
10 to 20
Detailed Statement of Financial Activities
21

Altram
Reference and Administrative Details
for the Year Ended 31 March 2023
TRUSTEES
Aine Andrews (chal￿e[SOn)
Theresa Brady (Treasurer)
Sue Pentel (Secretary)
Aoife Ni Phoilin
Maureen Murray
PRINCIPAL ADDRESS
Offic¢ l Mill House
Twin Spires
155 Northumberland Street
Belfast
Co. Antriin
BT13 2JF
REGISTERED CHARITY
NUMBER
NIC103690
INDEPENDENT EXAMINER Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. Annagh
BT67 OLE
BANKERS
Ulster Bank
Andersonslown Braiich
Unit G Westwood Centre
Kennedy Way
Belfast
BTI19BQ

Altram
)ort of the Trustees
for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended
31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities Preparing their accounts in accordance wilh the
Financial Reporting Standard applicable in the UK and Republic of Ire1￿]d (FRS 102) {¢ff¢ctive l January
2019).
OBJECTIVES AND ACTIVITIES
Aidhmeanna l Aims
Altram is ￿gIStered with The Charity Conunission for Northern Ireland NIC103690. It operates under a
Constitution dated 5th March 2012.
Altram is classified under th¢ following descriptions of cliaritable purpose:
-The advanceinent of education
-The advancement of arts, culture, heritage or scienc¢.
Altram shall be non-politi¢al. non-racial and non-sectarian in character.
Altram is established to advancc thc following aim5'.
l. The advancement of Irish-medium carly years, care and cducation
11. The promotion and delivery of quality lrish-m¢dium early years, care and education servic¢s to meet
conllnunity nccd and dcinand
III. The involvenient of families, parents and carers in the early learning experiences of their children
IV. The provision of relatcd training and support to thc Irish-lncdium early y¢ars' scctor
V. Th¢ developrnent of early years, care and eduutionaI services as the foundation for Irisb-medium
education
Principle activitie5
Altrain exists to promote high quality Irish-medium early years childcare and education which is open to all,
and to support farnily involveinent as a keystone in the dcvelpment of an Irish language community.

Altram
)ort of the Trustees
for the Year Ended 31 March 2023
OBJECTIVES AND ACTIVITIES
Public benefit
l The advancement of Irish-medium (IM) early years, care and education in Northern Ireland through
ensuring access to th¢ latter, and proinoting aiid representing the early years, sector to rclevaiit agcncies and
authorities. Beneficiaries are children who attend IM early years settings, which pi-cpares them for successful
transition to IM primary schools. bcnefitting the child, the school and ultiinately the widcr Irish languagc
community. Staff, professionals and committees gain hands-on training in sUPPOrt of their respective roles.
Parents and car¢rs access a range of language resources which support positive play and learning. Relevant
authorities and support agencies are better infonned of the benefits, needs and challenges of the sector and
the value of bilingual education.
2 To Promote and deliver quality IM early years, care and education services to meet coinmunity need and
demand. Benefits are demonstrated through the year-on-ycaT incrcase in dcinand for IM Early Years
Education which now includes over 65 settings across the North. Childr¢n benefit froin a quality early years,
experience and the recognised bcncfits of bilingualism. Government policics and stateinents (Bclfast
Agreement, Programme for Cohesion, Sharing and Integration, Nl Prograiillne for Government, 2011-2015)
have identified the Irish language as a shared cxpression of our cultural wcalth and therefore of publi
b¢nefit. Increased numbers of speakers mak¢ a contribution to our intangible heritag¢.
3 To involve families. parents and caT¢rs in the early Icarning CXPCTiences. Benefits are demonstrated
through the increased uptake of places at IM early years, settings. the nuiiiber of parents and families opting
to Teccivc advicc and support and lcarniiig opportunitics; the cnhanced CODfidencc and sclf-¢steem of
hildren and parents. the increasing engagement of participants in government family support initiatives.
4 To provide related training and support to the IM early years, sector. Benefits. ar¢ demonstrated through
uptake and delivery of serviccs in a givcn year (2022-2023).. over 300 Early Years Specialists, on-site
support visits; attendance of over 300 at cluster/in-s¢rvice training and curriculum and child protection
cowses" positive outconies from th¢ Education and Training Inspectorate inspections. Young children and
families benefit from appropriately trained staff who, in turn, arc inore confident and compctcnt as a result of
additional tt'aining and support. Children benefit froin parents who are more engaged and involved in tlieir
early cducation. Committ¢¢s benefit froiii training in support of their roles.
5 The development of Irish-lnedium early years, care and educational services as th¢ foundation for IM
education. Irish-medium education is the most eff¢ctive way of producing fluent, confident Irish speakers
who will contribute to the Irish language community, helping to inaintain and preserve an important part of
our shaTed cultural heritage.
The direct benefits which flow froin this purpose are children who b¢come fluent second language speakers;
schools which benefit from the quality foundation experience of children and the early engagement of
parents in their children's ¢ducation. Bencfits to the wider community include enhanced awareness of the
value of education and increased knowledg¢ of a variety of aspects of our intangible cultur¢ such as
language, literature, art, folklorc ¢tr.
These benefits are d¢rnonstrated through tlie growing numbers of children attending all phases of IM
schooling. the incr¢ased involvement of parents and Ca￿rs. the increascd numbers of workers in the early
years sector who opt for furtlier training in language p¢dagogy and immersion languag¢ metliodology.
Private benefit may arise from time to tiinc when Altram secures the services of workshop facilitators,
speakers or educationalists. These benefits are incidental and are a necessary result or by-product of our
purposcs. No identifiable public hami arises.

Altram
J)ort of the Trustees
for th Year Ended 31 March 2023
FIIYANCtAL REVIEW
The company had net incoining resources for the year of £12.592 (2022.. net incoming resources of £871),
which reflected the completion of a numbcr of projects during the year. Unr¢stricted funds increased by
£831, while Testricted funds increased £11,761. The total funds at the end of the year amount to £119,619
(2022= £107,027)
RESERVES POLICY
The charity's policy is to retain a lev¢1 of free Teserves, which matches the necds of the organisation both at
the current time and in the foreseeable The charity has developed a plan to estsblish and maintain
this agreed level of free Teserves. The charity will continue to monitor coinplianc¢ witli this policy on a
Tegular basis and the Committee will r¢vicw tlie appropriateiiess of the policy annually.
Scope
This policy applies to all employees, volunteers or board m¢inbers of Altram.
Context
Altram aims to keep money aside as a reserve to protect the charity against drops in income or to allow it to
take advantage of new opportunities. Altram's rcs¢rves can be spcnt on any of its aiins.
Monitoring and reviewing the Reserves Policy
Altram will review th¢ Reserves Policy on ali annual basis at the time of the aimual accounts being prepared.
Beneficiaries
Altram is a charsty which receives funding from government departments and t￿Sts. This funding allows
Altrdm to deliver serviccs regionally to thc Irish-medium carly years care and education sector.
Rationale behind the reserves policy
Altram employs s¢ven stsff to d¢liver its programme of activity. Altrain rcquires a r¢serves policy to
maintain a sufficient level of rescrv¢s to enable nonnal operating activities to continue over a period of up to
thr¢e months should a shortfall in income occur and to take account of pot¢ntial risks and contingencies that
may aris¢ from time to time. This might OCCUT du¢ to:
a) The risk of an unfores¢¢n eincrgency or other unexpected need for funds, e.g. an unexpect¢d large bill
b) Covering unforeseen day-to-day operational costs. e.g. employing temporary staff to cover a long tenn
sick absence
c) A source of income, e.g. a grant, Dot being renewcd. Funds might be need¢d to give the trustees time to
take action if income falls below expectations
d) Planned ¢on]mitments, or designations, that cannot be met by ￿tUre income alon¢, e.g. plans for a major
asset purchase or to a significant project that requires the charity to provide inatch fvnding
e) The need to fund short-tenn deficits in a cash budgct, ¢.g. money may need to be spent before a funding
grant is received.
Excluded from the Rcserves Policy is:
Restricted Funds

Altram
Re ort of the Trustee5
for the Y ar Ended 31 March 2023
Therefore, in order to demonstrate transpar¢ncy, accountability and sound financial management Altram has
Set out below the levels of reserve required.
Level of reserve required by Altram.. salary costs x three months, and core Nnning costs x 3 months
FUTURE PLANS
Altram faces a challenging yeaT ahead but we plan to meet these challenges and Continue to provide our
advice, support and guidance to the Irish-m¢dium early years care and cducation sector using a variety of
platfonns and support the sector through this continued financially pressured period. Altrain is confident that
present funders will continue to support the organisation.
In the financial year 2023-2024, we will provide and extend the ￿11 range of suppo¢ training, resource,
advocacy and representation servic¢s includin8=
I. Deliver a comprehensive early y¢ars' support service to Irish-medium early years settings
11. Deliver recominendations from the State of the Sector rcport
III. Support the r¢sponse to recomniendations arising from IM Preschool research (2016)
IV. Dcliver a rcgional ¢vent to raise awareness about relcvant issues within the sector
V, Devclop resources to support pra¢tition¢rs, children and parents in the Irish-medium early y¢ars sector
VI. Develop a partnership to deliv¢r a scoping exercise on the needs of immersion cducation in Irelaiid and
Scotland
Vll. Develop accredited trdining to support practitioners delivering an early years Irish-mcdium iminersion
cducation programme
VIII. Deliver a practitioner training programme aim¢d at developing ¢xpertis¢ within the sector
IX. Deliver management support clinics aim¢d at building the capacity of cominittees within thc
Irish-medium early years sector
X. Repicsent th¢ lrish-medium sector on relevant bodies
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controll¢d by its governing documenL a deed of tNst and constitutes an unincorporated
charity.

Altram
ort of the Trustees
for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The prtnciples of good governance are embedded within all aspects of Altram's opeTations with management
and staff being keenly aware of the Board's Tesponsibility of ensuring that the organisation protects itself
from financial exposure and reputational damage, A close working relationship is maintained betw¢¢n the
Board and inanageinent to ensurc that operationally staff are aware of the standards required of them by the
Board and the Board are always in a position to provide guidanc¢ and support to management in the
discharge of their duties. This two way Tclationship is the key feature of Altram's governance a￿angements
and is a key strength in the company.
A conscicntious approach to ensuring that cOntrac￿al project rcquircmcnts arc achievcd has been maintained
at all times both in the accounting period being reported on and sinc¢ Altrani was established. Very tight
financial coiitrols on expcndiNre and all fiiiancial coi]]niitments arc maiiitained at all tiines and project staff
have been trained and have becorne experienced in budgetary controls.ln both these areas 1¢ project delivery
and financial controls managcment all staff have established close working relationships with funding
organisations to ensure all mandatory standards are consistently achi¢ved. Board representatives also
actively engage with funding bodies.
Th¢ Board, management and staff are fully aware that the nature of the work in which AIITam is iiivolved can
bring with it a high Icvcl of scrutiny to ensur¢ that all activities arc fully compliant with funding
requirements and,therefore, beyond repToach.The Board of Altram is, therefore, greatly reassured of the
company's coinpliancc with thc highcst of standards of governance on the basis that all monitoring and
evaluation of projwt deliv¢ry deinonstrates achievement of all fimd¢rs objcctives and that fundcrs, audits and
vouching of financial expenditure and the independent examiners report confm compliance with botli
probity and regularity in the use of moni¢s received.
EVENTS SINCE THE EfiD OF THE YEAR
Infonnation relating to events since the end of the year is given in the notes to the financial statements.
Appi"oved by order of the board of trustees on 9 Nov¢mbeT 2023 and signed on its behalf by..
Aine Andrews (Chairpcrson) - Trustee

Inde
endent Examiner's Re
Altram
I report on the accounts of the charity for the year ended 31 March 2023, which are set out on pages eight to
twenty.
ort to the Trustees of
Respective responsibilities of eharity trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act (Northern Ircland) 2008.
It is my responsiblity 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
North¢m Ireland und¢r Section 65(9)(b) of the Charitics Act
state whether particular matters have come to my attention.
Basis of the independent examiner's report
I hav¢ examined your charity accounts as requircd under Section 65 of thc Charities Act and my examination
was CWTied out in accordance with the general Directions given by the Charity Commission for Northern
treland under Section 65(9)(b) of the Charitics 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 thc accounts, and seeking cxplanations from you as
charity trustees concerning any such mattcrs.
My rolc is to state whether any material niattcrs have comc to my attention giving mc cause to believe".
That accounting r¢coTds wcrc not kept in accordancc with Section 63 of the Charities Act
That the accounts do not accord with those accounting records
That the accounts do not coinply with thc accounting requireincnts of the Charitics Act
That there is further infonnation needcd for a proper understanding of the accounts to be re￿hed.
Independent examiner's statement
Since your charity's gross incoinc cxceeded £250,000 your examiner must be a member of a listed body. I
can confinn that I am qualified to undertake thc Cxamination becausc l am a rcgistcred nicmbcr of Institute
of Chartered Accountants Ireland which is one of the listed bodies.
I have compl¢t¢d my examination and have no concerns in i-¢spect of th¢ matters ( l ) to (4) listed abov¢ and,
in connection with following thc Directions of th¢ Charity Commission for North¢m Ireland, I havc found no
matters that requiTe drawing to your attention.
Mr Bil
Institute of C
ered Accountants Ireland
Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. Arn]agh
BT67 OLE
9 Novemb¢i 2023

Altram
Statement of Financial Activities
for the Year Ended 31 March 2023
31.3.23
Total
nds
31.3.22
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,532
7.532
4,397
Charitable activities
Grants Receivable
307,577
307,577
233,442
Total
7,532
307,577
315,109
237,839
EXPENDITURE ON
Charitable activities
Direct Expenditure
Gov¢mance
6,701
292,871
2,945
299,572
2,945
233,513
3,455
Total
6,701
295,816
302,517
236,968
NET IIYCOME
831
11,761
12,592
871
RECONCILIATION OF FUNDS
Total fimds brought forward
51,865
55,162
107.027
106,156
TOTAL FUNDS CARRIED FORWARD
52,696
66,923
119,619
107.027
The notes forni part of these financial statements

Altram
Statement of Financial Position
31 March 2023
31.3.23
31.3.22
Notes
FIXED ASSETS
Tangible assets
945
1,890
CURRENT ASSETS
Debtors
Cash at bank
21,862
99,584
20,854
87,055
121,446
107,909
CREDITORS
Amounts falling due within one year
{2,772)
(2,772)
NET CURRENT ASSETS
118,674
105,137
TOTAL ASSETS LESS CURREwr
LIABILITIES
119,619
107,027
NET ASSETS
l 19,619
107,027
FUNDS
Unr¢stricted funds
R¢stricted ￿ThdS
10
52,696
66,923
51,865
55,162
TOTAL FUNDS
119.619
107,027
The financial stateinents weTe approved by the Board of Trustecs and authorised foT issue on
9 November 2023 and were signed on its b¢half by..
Ain¢ Andre
s (Chairperson) - T
e¢
Theresa Brady (Treasurer) - Trustee
The notes fonn part of these f￿ancial statements

Altram
Notes to the Financial Statements
for the Year Ended 31 March 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
(a) General information and basis of preparation
The charity constitutes a public b¢nefit entlty as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities.. Statcment of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland issued in 2019 the
Financial Reporting Standard applicable in the United Kingdoiii and Republic of Ireland (FRS 102),
the Cliarities Act (Northern Ireland) 2013, the Coinpanies Act 2006 and UK Generally Accepted
Practice.
The fmancial statcmfflits are prepared on a going concern basis under the historical cost convcntion,
modified to include c¢rtain items at fair value. The financial statements are presented in sterling
which Rs the functional currency of the charity..
The significant accounting policies applied in the pr¢pardtion of these financial statements are sct out
below. These policies have becn Consistcntly applied to all years presentcd unless othcrwise statcd.
(b) Funds
Unrcstricted fwids are availablc for use at thc discretion of the tnlstees iii furtherance of the g¢iieral
objectives of the charity and which have not b¢¢n designat¢d for oth¢r purposes.
Restricted funds are funds which are to be used in accordance widi spccific restrictions imposed by
donors or which have been raised by the charity for particular purpos¢s. Thc cost of raising and
administering such funds are charg¢d against the spccific fund. The aim and usc of cach Tcstricted
fi￿d is set out in the notes to the financial statcments.
Furth¢T explanation of the nalure and purpose of each fund is included in the notes to th¢ financial
statements.
{c) Income recognition
All incoming r¢50urces are included in the Statement of Financial Activities (SOFA) when tlie charity
is legally entitled to th¢ incomc after any perfomiance conditions hav¢ been m¢L the amount can be
measured reliably and it is probable that the income will be received.
For donations to b¢ r¢cognis¢d the charity will have been notified of the amounts and the settlement
date in writing. If therc are conditions attached to the donation and this requir¢s a level of
p¢rforniance befor¢ entitlement can b¢ obtained then income is deferred until those conditions ar¢
fully met or th¢ fulfilment of those conditions is within the control of the cliarity and it is probable
that th¢y will be fulfillcd.Voluntary income is received by way of grants, donations and gifts and is
included in full in the Statement of Financial Activities (SOFA) when receivable. Income received
from collections is r¢cognised when received.
Donated facilities and donated professional services are recognised in incoine at their fair value whcn
their economic b¢nefit is probable, it can be m¢asured r¢liably and the charity has control over the
item. Fair value is determined on the basis of the value of the gift to the charity. For example the
amount the charity would be willing to pay in the open market for such facilities and serviccs. A
corresponding amount is recognised in expcnditure.
io
continued..

Altram
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
ACCOUNTllYG POLICIES - continued
Basis of preparing the financial statements
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Further detail is given ITh the Trustees, Annual Report.
For legaci¢s, entitlem¢nt is the earlier of the charity being notified of an impending distribution or tbe
legacy being received. At this point incoine is recognised. On occasion legacies will be notified to the
charity however it is not possible to measure the amount expected to be distributed. On these
occasions, the legacy is treated as a contiiigent asset and disclosed.
Income from trading activities includes income earned from fi￿draISing evcnts and trading activities
to raise funds for th¢ charity. Income is received in exchange for supplying goods and services in
order to raise funds and is recognised when ¢ntitlement has occurred.
The charity receiv¢s government grants which are detailed witbin th¢ notes to these financial
statements. Income from governincnt and other grants arc recogniscd at fair value whcn the charity
has cntitlement after any perfomiance conditions have been m¢t, it is probablc that the income will be
received and the amount can be ineasured reliably. If entitlement is not met then these ainounts are
deferred.
(D) Expenditure recognition
All ¢xpenditUTe is accounted for oil an accruals basis, inclusive of VAT which caniiot bc recovcred
and has been classified under headings that aggregate all costs related to the category. Exp¢ndilure is
T¢cogniscd whcre there is a Icgal or constructivc obligation to makc payincnts to third partics, it is
probablc that thc scttlemcnt will be requircd and the amount of the obligation can be m¢asured
reliably. It is categories under the following headings..
Costs of raising funds includes th¢ costs associated with attracting voluntary incomes.
Expenditure on charitable activitics includes those cosls incU￿ed by thc charity in the delivcry of its
activities and servic¢s for its beneficiaries. It includes both costs that can bc allocated directly to such
activitics and tliose costs of an indirect nature nccessary to support them. and
Other expenditure represents those items not falling into th¢ categori¢s above.
Tecov¢rable VAT is charged as an expense against the activity for which ¢xpenditur¢ arosc.
Grants payable to third parties ar¢ within the charitable objectives. Where unconditional grants are
off¢r¢d. this is accrued as soon as the r¢cipient 15 notified of the grant, as this giv¢s rise to a
T¢asonable expectation that the recipient will receive the grants. Where grants are conditioiial Telating
to perfonnance then the grant is only accrued when any unfulfill¢d conditions are outside of thc
control of the charity.
(e) Support costs allocation
continued...

Altram
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
Support costs are those that assist the work of tlie charity but do not directly represent charitable
activities ￿]d lliclude office costs, goveniance costs, adininistrative payroll costs. They are incurred
directly in support of expenditure on the objects of the charity and include project rnanag¢ment
aTried out at headquarters. Where support costs cannot be dircctly attributed to particulaT hcadings
they have been allocated to cost of ratsing funds and expenditure on charitable activities on a basis
consistent with use of the resources. Prfflnises ovcrheads havc been allocated on an insert dctail basis
and other overheads have been allocated on a basis consistenl with the use of resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs
of disseniinating inforniation in support of tlie charitable activities.
(D Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impaim]ent
losscs. Cost includes costs dircctly attributable to niaking thc asset capabl¢ of opcrating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less
estimated residual valuc, of each asset on a systematic basis ov¢r its expccted uscful life as follows..
Fixtur¢s & Fittings
Mobile Van
25 % Straight Lin¢
250/0 Straight Lin¢
(g) Financial Instruments
A financial assct or a financial liability is rccogniscd only whcn thc charity bccomes a party to thc
contractual provision of the instrument.
Basic financial instruments ￿'e initially recognised at th¢ amounts receivable or payable including any
T¢lated transaction costs.
Current assets and current liabilities arc subsequcntly mcasured at tlie cash or other consideration
¢xpected to be paid or relived and not discounted.
Debt instrum¢nts arc subsequently measured at amortised cost.
Wh¢r¢ invcstments in sharcs are publicly traded or their fair value can othenvise be measured
reliably. the investment is subsequently measured at fair value with changes in fair valu¢ Tecognised
in incoin¢ and cxpenditure. All other such investments ar¢ subsequently measured at cost less
impaimicnt.
Other financial instruments, including d¢rivativcs, aTe initially rccognised at fair value, unless
payinent for an asset is deferred beyond nornial business t¢rms or financed at a rate of interest tliat is
not a nTrrk¢t rate, in which c&se the asset is measured at the pT¢sent value of th¢ future payments
discounted at a market rate of interest for a similar debt instnunent.
Oth¢r financial instruments are subsequently measured at fair value with any changes r¢cognised in
the statement of financial activities, with the exception of hedging instruments in a designed hedging
relationship.
12
continued...

Altram
Notes to the Financial Statements - continued
for the Year Ended 31 March 202
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
Financial assets that are measuTed at cost or amortised cost are reviewed for objective evidence of
iinpainnent at the fflid of each reporting date. if th¢Te is objective evidence of impainnent an
impairment loss is recognised under the appropriate heading in the statement of financial activities in
which the initial gain is recognised.
For all equity instruments regardlcss of significance, and othcr financial assets that are individually
significant, these are assesscd individually for impairn]ent. Other financial assets are either assessed
individually or grouped on the basis of similar credit risk charactcristics.
Any reversals of impairn]ent are recognised immediately) to the ¢xtent that the reversal do¢s not result
in a carryiiig ainount of the fmancial assct that excceds what the carying amount would have been
had the impainncnt not previously be¢n recognised.
(h) Impairment
Assets not measured at fair value are revicwcd for any indication that the assct may bc itnpaired at
each balanc¢ sheet date. If such indication exists, the recoverable amount of the asset, or the asset's
cash generating unit, is estimated and compared to thc carrying amount. Wh¢r¢ the carrying amount
exceeds its recoverable amount, an impairnicnt loss is r¢cognis¢d in profit OT loss unless the asset is
carried at a revalued ainount where th¢ iinpairment loss is a revaluation decreasc.
(i) Provisions
Provisions aTe recognised when the charity has an obligation at the balance shcct datc as a rcsult of a
past cvcnt, i( is probable that an outflow of economic benefits will bc rcquircd in scttlcment and th¢
amount can be r¢liably estirnated.
(i) Leases
Assets acquired under finance leascs are capitalised and d¢preciat¢d over the shorter of th¢ leas¢ tern]
and the expectcd useful life of the asset. Minimum Icase payments are apportioncd betw¢¢n th¢
finance charge and the reduction of the outstanding lease liability using the effective interest method.
The relat¢d obligations, net of future finance charges, are included in crcditors.
Rentals payable and receivabl¢ under operating leases are charged to the SOFA on a straight line basis
over the period of the lease.
(k) Tax
No provision is required for taxation as the company is defincd as a charity for taxation purposcs.
The charity is a r¢gisteTed charity and as such is entitled to certain tax ex¢mptions on income and
profits from investinents and surpluses on any trading activities Ca￿led on in furtherance of the
charity's primary objectiv¢s. if these profits and suo)luses are applied solely for charitable purposes.
(J) Judgements estimates
13
continued...

Altram
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
The following judgements including those involving estimates that have been made in the process of
applyiiig the above accounting policics that have had the most significant effect on the amounts
Tccognised in the financial statements and that have a significant risk of causing a material adjustment
to the canying amounts of assets and liabilitics within the next financial ycar:
(i) depreciation method and asset use￿1 lives
The estimates and assumptions are reviewed on an ongoing basis considering the current and futUTe
market conditions.
Taxation
Altram is a registered charity and such is entitled to certain tax exemptions on income and profits
from investments and surpluscs on any trading activities Ca￿led oil iii furtlicraiice of thc charity's
primary objectives, if these profits and suryluses are applied solely for charitable purpos¢s.
Fund accounting
The company lias various types of funds for which it is responsible and which require separate
disclosure. A definition of the various types of fiu]ds is as follows..
(i) Restricted funds
Funds received which ar¢ earmarked by the donor for specific purposes. Su¢h purpos¢s are within thc
overall aiins of the company.
(li) Unrestricted funds
Funds which arc cxpcndable at the discretion of the directors which have becn designatcd for sp¢ciftc
PUTposes in furtherance of the objects of the charity
Pension costs and other post-retircment benefits
Th¢ charity operates a d¢fined contributioii peiision schcni¢. Contributions payable to thc charity's
pension scheme are chaTged to the Statement of Financial Aclivities in the period to which they
rclate.
DONATIONS AND LEGACIES
31.3.23
31.3.22
Donations and generat¢d incoiiie
Conway Mill Trust
2.331
5.201
2,415
1,982
7,532
4,397
14
ontinu¢d...

Altram
Notes to the Financial Statements - continued
for the Year Ended
l March 2023
INCOME FROM CHARITABLE ACTIVITIES
31.3.23
31.3.22
Activity
Grants Receivable
Grants
307,577
233,442
Grants received, included in the above, are as follows:
31.3.23
31.3.22
CnaG - Department of Education
Community Foundation for Northern Ireland
Department of Health - Belfast & South East¢rn Trust
Department of Health - Programmc Support Sp¢cialist
Departmcnt of Health - Projects
Depa￿nent of Education - IME
175,130
150.000
1,330
37,972
44,140
41,311
46,136
5,000
40,000
307,577
233,442
TRUSTEES, REMUNERATION AND BENEFITS
Ther¢ were no trustees, r¢muneration or other benefits for the year ended 31 March 2023 nor for th¢
year ended 31 March 2022.
Trustees, expenses
There were no trustccs, ¢xpenscs paid for tl)e year ¢nded 31 Marcli 2023 nor for tlie year ended
31 March 2022.
STAFF COSTS
31.3.23
31.3.22
Wages and salaries
Social sccurity costs
Other pension costs
194.419
14,292
2,883
170,840
11,021
3,110
211.594
184,971
The averag¢ monthly number of ¢mploye¢s during the year was as follows:
31.3.23
31.3.22
Management & Administration
No employees received emoluments in excess of £60,000.
15
continued...

Altram
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
TANGIBLE FIXED ASSETS
Fixtures
Mobile
Van
fittings
Totals
COST
At l April 2022
Disposals
57,266
14,779
(14,779)
72,045
(14,779)
At 31 March 2023
57,266
57,266
DEPRECIATION
At l April 2022
Charge for ycar
Eliminated on disposal
55,376
945
14,779
70,155
945
(14,779)
(14,779)
At 31 March 2023
56,321
56,321
NET BOOK VALUE
At 31 March 2023
945
945
At 31 March 2022
1,890
1,890
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23
31.3.22
Belfast & South Eastern
Childcare Partnerships
Health and Social Car¢ Board
Sundry Debtors
10,328
11,534
9,493
11,035
326
21,862
20,854
16
continued...

Altram
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
CREDITORS: AMOUNTS FALLING DUE WITHtN ONE YEAR
31.3.23
31.3.22
Other creditors
2,772
2,772
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.23
Total
funds
31.3.22
Total
fvnds
Unrestricted Restricted
nd
fimds
Fixed assets
Current assets
Currcnt liabilitics
945
68,750
{2,772)
945
121,446
(2,772)
1,890
107,909
(2,772)
52,696
52,696
66,923
119,619
107,027
10. MOVEMENT IN FUNDS
Net
movement
in funds
At
3113123
At l14122
Unrestricted funds
General fvnd
51,865
831
52,696
Restricted funds
Foras Na Gacligc
Ultach Trust
Western Childcarc Partnership
(Capital)
CnaG - Departineiit of Education
SECP - Two Windows
Bord na Gaidhlig
Department of Health - Belfast &
South Eastern Trust
D¢partmcnt of Health - Programme
Support Specialist
Department of Health - Projects
3,000
13,459
3,000
13,459
1,329
1,679
1,514
3,104
(664)
(51)
665
1,628
1,514
3,104
16,756
4,646
21,402
14,321
7,684
146
22,005
146
55,162
11,761
66,923
TOTAL FUNDS
107,027
12,592
119,619
continued...

Altram
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
10. MOVEMENT IN FUNDS - continued
Net movement in funds. included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
GeneTal fund
7,532
(6,701)
831
Restricted funds
Wcstern Childcarc Partnership
(Capital)
CnaG - Departtiicnt of Educatioii
Department of Health - Belfast
South Eastern Trust
D¢partmcnt of Health - Programme
Support Specialist
D¢partm¢nt of H¢alth- Projects
Dcpartment of Education - IME
(664)
(175,181)
(664)
(51)
175,130
41,311
(36,665)
4,646
46.136
5.000
40.000
(38,452)
(4,854)
(40,000)
7,684
146
307,577
(295,816)
11,761
TOTAL FUNDS
3I5,109
(302,517)
12,592
18
continued...

Altram
Notes to the Finaneial Statements - continued
for the Year Ended 31 March 2023
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Al
3113122
At 114121
Unrestricted funds
Gcn¢ral fund
52,190
(325)
51,865
Restricted funds
Foras Na Gaelige
Ultach Trust
Western Childcare Partnership
(Capital)
CnaG - Department of Education
SECP- Two Windows
Bord na Gaidhlig
Department of Health - Belfast &
South Eastern Trust
Department of Health - Programme
Support Specialist
3,000
13,459
3,000
13,459
1,993
1,729
1,514
3,104
(664)
(50)
1,329
1,679
1,514
3,104
14,615
2,141
16,756
14,552
(231)
14,321
53,966
1,196
55,162
TOTAL FUNDS
106,156
871
107,027
Coniparativ¢ nct nioveinent in fvnds, includcd in thc above arc as follows..
Incoming
resources
Resources
expended
Movcment
in funds
Unrestricted funds
General fund
4,397
(4,722)
(325)
Restricted funds
Western Childcare Partnership
(Capital)
CnaG - Department of Educatioi)
Department of Health - Belfast &
South Eastern Trust
Department of Health- Programme
Support Specialist
Community Foundation for Northern
Ircland
(664)
(150,050)
(664)
(50)
150,000
37,972
(35,831)
2,141
44,140
(44,371)
(231)
1,330
(1,330)
233,442
(232,246)
1,196
TOTAL FUNDS
237,839
(236.968)
871
19
continued..

Altram
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
11. CONTINGENT LIABILITIES
A contingent liability exists to repay grants received should certain conditions not bc fulfilled by the
charity.
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
13. POST BALANCE SHEET EVEwrs
There were no events aftcr the rcporting pcriod therefore no material issues nccd disclosed.
14. COVID-19
The trustees continue to monitor thc impact of Covid 19. The tn]stees believe there is no adjusting
events to report after the reporting date. The trustees will continue to monitor the situation closely to
securc the viability of the organisation.
20

Altram
Detailed Statement of Financial Activities
for the Year Ended 31 March 202
31.3.23
31.3.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations and generated income
Conway Mill Trust
2,331
5,201
2,455
1,982
7,532
4,397
Charitable activities
Grants
307,577
233,442
Total incoming resources
315,109
237,839
EXPENDITURE
Charitable activities
Salari¢5
Social security
Pensions
Insur￿]Ce
Light and heat
Telephone & IT
Printing and Stationery
Advertising and Publications
Sundries
Direct Project Costs
Travel and Transport
ResouTces and Materials
Staff Trdining
Rent
Conferences and Workshops
Depreciation
194,419
14,292
2.883
2,687
1,055
3,460
7,753
170,840
11,021
3,110
2,134
782
4,988
3,598
6,000
1,975
1,330
6,710
1,685
1,637
10,578
6,180
945
1,584
34,021
10,188
5,572
2,223
10,447
8,043
945
299,572
233,513
Support costs
Governance costs
Accountancy Fees
Bank chaTges
2,772
173
3,150
305
2.945
3,455
Total resources expended
302,517
236,968
Net income
12,592
871
Tliis page does not fonn part of the statutory financial statements
21