REGISTERED CHARITY NUMBER: IYIC103690
ort of the Truste
Unaudited Financial Statements for the Year End
l March 2024
or
Altram
Lynn Dralce & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Strect
Molla
Co. Annagh
BT67 OLE

Altr
Notes t t
Inancial Statemellts
forth Y rEn
l Marc
ACCOUNTING POLICIES
Basls of preparing the financial statements
(a) General Information and basis of preparatlon
The Ch￿'Ity constitutes a piiblic benefit entity as defined by FRS 102, The fmanoial stateiiients have
been prepared in accordance with Accounting and Reporting by Charities: Statement of
Reconmiended 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 Kingdom 2nd Republic of Ireland (FRS 102),
th¢ Cliarities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generdlly Accepted
Practice.
The fiiiancial stateinents are prepared on a going concern basis under the Iiistorical cost convention,
Inodified to include certain items at fail. value. The financial statements al'e presented in sterliiig
whidi is the hnctioi￿l CU￿¢ll¢Y of the ch￿'ItY..
The significant accounting policies applied in thc preparation of these financial statements are sct out
bclow. These policies have been consistently applied to all years presented unless otherwise stat￿.
(b) Funds
Unrestricted funds available for use at the discretion of the tTh￿te¢S in filltheTance of the general
objectives of the charity and which have not been d¢sign8ted for other pU￿oses.
RestriLted f￿dS are funds wlucli arc to be iised in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular puiposes. The cost of raising and
administering such funds are cbarged against the specific fund. The aim and ￿se of each restrict
fund is set out in the notes to th¢ financial statem¢nts.
Further explanation of the naMTC and purpose of ea¢h fund is included in the notes to the financial
statements.
(c) Income recognithon
All ii)¢oming resolwces are included in tlie Stateinent of Financial Activities (SOFA) wlien the charity
is legally entitled to the income after aiiy pcrforn)ance conditions have been mel the amount can b¢
measured rLliably and it is piobabl¢ tliat the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of
perfomiance before entitlement can be obtaind then income is deferred until thos¢ conditions are
fully inet or tlie fulfilii)ent of those c4)nditioiis is within the control of the cliarity and it is probable
that they will bc fulfilled.Voluntary income is received by way of grants, donations and gifts and is
iiicliided in fiill in the Statement of Finaiicial Activities (SOFA) when receivable. Income received
from collections is recognised when received.
Donated facilitics and donated professional services are r¢cognised in income at their fair value when
their economic bcnefit is probable, it can be mcasured reliably and thc charity has control over thc
item. Fair value is det¢rmiAicd on the basi8 of the value of the gift to th¢ clwity. For example th¢
amount the charity would be willing to pay in the open nwket for su¢h facilitics and services. A
corresponding amount is r¢cognised in expenditure.
continued...

Altram
fort
l March 2024
ACCOIJNTING POLICIES- eontinued
Basts of preparlng the tlnancÉal statements
No amoullt is iiicluded in ihe finaiicial statements for volunteer time in line with th¢ SORP (FRS 102).
Further detail is given in the Truste¢s' Annual Report.
For legacies, entitlement is th¢ eaili¢r of the clwity being notified of an imp¢nding distribution or the
legacy being rec¢iv¢d. At this point incoine is recognised. On occasion legacies will be notified to the
charity however it is not possible to ineasiwe th¢ amount expected to be distributed. On these
occasioiLS, the lega¢y is treated as & contingent asset and disclosed.
Income fi'oiii trading activities includ¢s inconie e￿The& from fimdraising events and trading activities
to i'aise ftu]ds for the charity, Income is reccived in exchange for supplying goods and services in
order to raise funds and is recognised when eiititlement has occurrcd,
The oh￿lty receives government grants which are dctaiLed within the notes to these financial
statthnents. Incoine fi'oin goveriiin¢nt and other grants are recognised at fair valu¢ wlien tlie chkllity
has entitlement aftcr any perforn]ance condition8 have been met, it is probable that the income will be
received and tlie ￿lloUnt c￿1 be ineasiwed reliably. If entillem¢nt is not inet then thcsc amouiits are
d¢f¢rred.
(D) Expenditure rtcognition
All expellditt￿e is accounted for oil an accrnals basis, inclusive of VAT which cannot b¢ recovered
and ha8 been classified under headings that aggregate all costs related to the category. Expenditure is
recognised where thcrc is a legal or constlwctive obligatioii to make payments to third parties, it is
piobable that the settlement will be required and th¢ mloullt of the obligation Ca￿ be measured
TeEiably. It is categoi'ies under the following lieadings:
Costs of raising funds includes the costs associated with attracting voluntary incmnes.
Expenditur¢ oil charitable activiti¢s includes those costs incuiTed by tlie charity in the d¢livery of it8
activiti¢s and se￿Ic¢S foi. its beneficiaries. It includes both costs that can be allocat¢d directly to such
activities and those costs of an indirect nature necessary to support them. alld
Othei expenditur¢ represents those items not tallillg into the categoi'ies above.
Irrecovcrable VAT is chargcd as an ¢xpense against th¢ a¢tivAty for which expenditure arose.
Grants payable to thii'd partics are withill the charitable objectivos. Where uncoiiditional grants are
offcrd. thi8 is accrned as soon as the recipieiit is notified of the grant, as this gives rise to a
reasonable ¢xpe¢tatioii that the i'ecipient will receive the giznts. Where grants are conditioijal relating
lo perfonnance then the grant is only accrued when any unfulfilled conditions al'e outside of the
control of the oli&rity.
(e) Support costs allocatfion
12
continued...

Altram
Notes to the Financial Statements - cont
for the Yea
IM h2024
ACCOIINfiNG POLICIES - continued
Basis of preparing the financlal statements
Siipport costs are those tliat assist die wol'l< of tlie charity but do not directly represent charitable
activities and iiicludc otTic¢ costs, goveniance costs, athninistrative payroll costs. They are iiicurred
threctly iii support of expenditure on the objects of the charity and include project management
caLYied out at headquartas. Where support costs ctlnnot be directly attributed to p￿tiCUlar headings
tliey have been allocated to cost of raising fLwds and expenditLU'e on charitable activities on a basi6
consistent widi use of tlie resourcc8. Prejnises overheads have been allocated on an insert detail basis
and other overheads have been allocated on a basis consistent with the use of resources,
Fund-raising costs are those incurred in seeking voluntary contributions and do not include tbe costs
of disseminating information iii support of the charitable activities.
(D Tangible fixed assets
Tangible fixcd assets are stated at cost less accumulated depr¢ciation and ac￿llnU1&tcd impaim]ent
losses. Cost includes costs directly attributable to making the asset capable of opeJating a8 intended.
Depreciatioii is pi'ovidcd on all tangible fixed assets, at rates calculated to write off tlie ¢os¢ less
estimated residual value, of each ass¢t on a systematic basis over its expected useful life as follows:
Fixtures & Fittings
250/, Straight Line
(g) Finalicial Instruments
A fin￿1claI asset or a financial liability is recO￿liS¢d oidy when Ihe chai'ity becomes a party to the
contractual provision of the instrument.
Basic filluncial instLuJnents are initially recognised at the amounts ieceivable or payable including any
i'elated transaction costs.
iiyent assets and CWT¢nt liabilities are subsequently itleasurcd at the casli oi othei Conside￿tiOn
expected to be paid or relived and llot discounted.
Debt iiistruments are subsequently ineasur¢d at amortised cost.
Where investments in sbares are piibliLly iTaded or their fair value can oth¢rwise be m¢asured
reliably, tlie investinent is subsequeiitly mcasuiEd at fair value with dwiges in fair value recognised
in illwme and expenditurc. All other siich investments are siibsequently tncasured at cost less
impaimiellt.
Othei. financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond nonnal business tern]s or financed at & rate of int¢rcst that is
not a jnarket rate, in which case the asset is measured at the present value of the futUTe payments
discounted at a marlcet rate of interest for a sin]ilar d¢bt illstrument.
Oth¢r financial instruinents are siibsequently measured at fair value with any Changes rccogiiised lll
the statement of finaiicial activities, witli the exception of hedging instrllinents in a designed hedging
relatiOll81iip.
13
coiitinued...

Altram
to the Financial Statements - contiiiued
lor the Year Ended 31 Marcli 2024
ACCOUNTING POLICIEI S - contliiued
Basis of preparing the financial statements
Finaiicial assets that are iiieasiired at cost oi, amoitised cost are reviewed for objective evideiice of
iinpairn]eiit at the end of each reporting date, if there is objecttve evidence of ii)IpairJneiit an
iinpairnient loss is recognised under th¢ appiopiiate heading in the stateinent of tinancial activities in
which the initial gain is recognised.
For all equity instruineiits regic rdlcss of signific¢mce, aiid other finallcial assets that are individually
significant, these are assessed individiially foi. impainnent. Other financial assets are either assessed
ikidividually or giouped on tlie basis of siinilar credit risk Ch￿'act¢ll8tics.
Any r¢versals of impairn)¢nt are recognised immedTat¢ly, to tlie extent that the reveisal does not result
in a carrying amount of the finaiicial asset that exceeds what the carying amount would hav¢ been
had the impairment not previously been recognised.
(h) Impaiyment
Assets not measurcd at fair value are revicwcd for any indication that the asset may be iMp￿red at
each balance sheet date. If sucli indication exist5, the recoveTable avnouiit of the asset, or the ass¢t's
cash generating uiiit, is estimated and compared to the Garying amoullt. Where th¢ c8Jryillg amount
exceeds its i-ecoverabl¢ amount, an impairment loss is recognised in profit oi- loss unless the asset is
carried at a revalued amount whelr the unpainnent loss is a revaluation dccrease,
(i) Provisions
Provisiolls are recognised wlien the charity has an obligation ut the balance she¢t date as a result of a
past event, it is probablc that Outflow of economic benefits will be required in scttlement and the
amouiit can be reliably estiiiiated.
O) Leases
Assets acquij'cd under finance leases are capitalised and depreciatsd over the shorter of the lease terni
and the expected useful life of the l¢sset. Minimum lease payments ar¢ apportioned between the
financ¢ charge and the rediwtion ot" Ihe outstanding leAse liability Uslllg the effectivc interest method.
The related obligations, net of fulure fiiiance Clu￿g¢S, are included in creditors.
Rentals payable ￿]d i'eceivable under operating leases are charged to the SOFA on a straight line basis
over th¢ period of the lease.
(k) Tax
No Provision is required for laxation as the coinptmy is delined as a cliarity for t￿atiO11 pui'poses.
The charity is a registered cliarity and as such is entitled to certain t&x exeinptions on income and
profits from investtnents and surpluses oli aiiy tradiiig activities carried on in furtheranc¢ of the
charity's primary objectives, if these profits and surplus¢s are applied solely for charitable purp08es.
(J) Judgejnents estin]Vétes
14
contiiiued..-

Altram
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
ACCOUNTllYG POLICIES - continued
Basls of preparing the financial statements
Tlie followiiig judgemeiits including those involving estimates tliat liave been made in tlie process of
applyiiig the above accounting policies that have had the most significant effect on the Éunouiits
recognised in the financial stateiiients and that have a significant risk of causing a matei-ial adjustinent
to the carrying amounts of gfjsets and liabiliti¢s within the next financial Y￿.:
(i) depreciation mediod a]Id asset use￿] lives
Tlje estiinates and asslunptions are reviewed on ali ongoing basis Considering the C￿Tellt and future
market ¢ornditions.
Taxation
Altram is a registered cliarity and such is entitled to certain tax exen]ptions on income and profjts
from investments and surpluses on any tradiiig activities carried oi) ill furtherance of the charity's
primary objectives, if these profits and suryluses are applied solely for charitabl¢ purposes.
r4 und accountillg
The coinpany lias various types of funds for which it is responsible and which r¢quiTe separate
disclosure. A definition of thc various types of thnds is as follows..
(i} Restricted ￿lldS
Funds received which are earmarked by the donor for specific purposes. Such pl7￿08c8 are within the
overall ailns of the company.
(li) Ullrestricted fuiids
Funds which ELre expeiidable at the discretion of the directors which have been designated for specific
pl￿poSeS in fuitherance of the objects of the charity
Penslon costs and other post-retirement benefits
The charity operates a defined contribution pensioii scheme. Contributions payable to the charity's
pei]sion scheme are charg¢d to the Statement of Financial Activities in die period to which tliey
r¢Late.
DONATIONS AND LEGACIES
3E.3,24
31.3,23
Donations ￿ld generated iiicome
Conway Mill Trust
2,664
1,417
2,331
5,201
4,081
7,532
15
contiiiued..

Altram
Note
to the FAnancial Statements - Colltlnue
for the Year Ended 31 March 2024
INCONIE FROM CHARITABLE ACTIVIYIES
31.3,24
31.3.23
Activity
Grants Receivable
Grants
304,643
307,577
ar[￿tS received, included in the above, are as follows,.
31.3,24
31,3,23
CnaG . Depq¢ rtment of Education
Deparlinent of Healtli - Belfast & Soiith Eastern Trust
Dep￿.tn]ent of Health - Programine Support Sp¢cialist
DeparlLnent of Healtli - Project5
Department of Ediication - IME
158,000
40,676
45,467
2,500
58,000
175,130
41,311
46,136
5,000
40,000
304,643
307,577
TRUSTEI ES, REMUNERATION AND BENEFITS
Tliere were no trnstees, remuneration or other benefits for the year ended 31 m￿ch 2024 nor for the
y¢ur ¢nd¢d 31 Marcli 2023.
Trustees, expenses
There weie no trustees, expenses paid for the year ended 31 March 2024 nor foi. the year ¢nded
31 March 2023.
STAFF COSTS
31.3.24
31.3.23
Wages and salaries
Social sewrity Gosts
Othci- peiision costs
230,156
l6,797
3,757
194,419
14,292
2,883
250,710
211,594
The average monthly nuniber of employees during the year was as follows..
31.3.24
31.3.23
Management & Adininistration
No employees received emoluments in excess of £60,000.
16
contiiiued...

Notes to the Finaneial Statements - continued
for the Yef4r Ended 31 Marc
24
TANGIBLE FIXED ASSETS
Fixtures
fittings
COST
At l April 2023 and 31 March 2024
57,266
DEPREI CIATION
At l April 2023
Charge foi year
56,321
945
At 31 fvIar¢h 2024
57,266
NET BOOK VALUE
At 31 Marcli 2024
At 31 Maroh 2023
945
DEBTORS: AMOUNTS FALLING DUE wrrIiIN ONE YEAR
31.3.24
31.3.23
Belta5t & South Eastem
Childcarc Parther8hips
Hclllth L￿d Social Care Board
10,143
11,393
10,328
11,534
21,536
21,862
CRkDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Other creditOf8
4,881
2,772
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.24
Total
funds
31.3.23
Total
fi￿d8
Unrestricted Restricted
fund
nds
Fixed assets
Current assets
cu￿ellt liabilities
945
121,446
(2,772)
56,777
64,653
{4,881)
121,430
(4,881)
56,777
59,772
116,549
119,619
17
contiiiued...

## **Altram** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** 

## **10. MOVEMENT IN FUNDS** 

|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 1/4/23|in funds|31/3/24|
||£|£|£|
|**Unrestricted funds**||||
|General fund|52,696|4,081|56,777|
|**Restricted funds**||||
|Foras Na Gaelige|3,000||3,000|
|Ultach Trust<br>Western Childcare Partnership|13,459|(9,032)|4,427|
|(Capital)|665|(665)||
|CnaG - Department of Education|1,628|4,843|6,471|
|SECP - Two Windows<br>Bord na Gitidhlig<br>Department of Health - Belfast &<br>South Eastern Trust|1,514<br>3,104<br>21,402|(1,514)<br>(681)|3,104<br>20,721|
|Department of Health - Programme||||
|Support Specialist|22,005|(102)|21,903|
|Department of Health - Projects|146||146|
||66,923|(7,151)|59,772|
|**TOTAL FUNDS**|119,619|(3,070)|116,549|



Net movement in funds, included in the above are as follows: 

|Net movement in funds, included in the above ar|e as follows:|||
|---|---|---|---|
||Incoming<br>**resow·ces**|**Resources**<br>expended|Movement<br>in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|4,081||4,081|
|**Restricted funds**||||
|Ultach Trust<br>Western Childcare Partnership||(9,032)|(9,032)|
|(Capital)||(665)|(665)|
|CnaG - Department of Education|158,000|(153,157)|4,843|
|SECP - Two Windows<br>Department of Health - Belfast &<br>South Eastern Trust<br>Department of Health - Programme|40,676|(1,514)<br>(41,357)|(1,514)<br>(681)|
|Support Specialist|45,467|(45,569)|(102)|
|Department of Health - Projects|2,500|(2,500)||
|Department of Education - IME|58,000|(58,000)||
||304,643|(311,794)|(7,151)|
|**TOTAL FUNDS**|308,724|(311,794)|(3,070)|



continued, .. 

18 



Notes to tbe Financial Statements - coiitinued
for the Year Ended 31 Mareh 2024
10. MOVE11￿￿￿T IN FUNDS - continued
Comparatlves for movement funds
Net
illovem¢nt
in fiinds
At
3113123
At 114122
Unrestrieted funds
Geii¢ral fund
51,865
831
52,696
Restricted funds
Foras Na Gaelige
Ultach TILlSt
Westem Cliildcare Partnership
(Capital)
CnaG - Departnent of Education
SECP - Two Windows
Bord na Gaidhlig
Department of Health - Belfast &
South Eastern TNst
Departjnent of Health - Programme
Suppoit Specialist
Departtnent 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
19
coiitinued...

Altra
Notes to t
fort
eFln
ncAaI Statement
l Trlarch 202
iitin
10. MOVEIIqE4 NT IN FUNDS - continued
Comparative net movement in fimds, included in the above are as follows.,
Incomii
resources
ResoiiTces
expended
Movement
in funds
Unrestrlcted funds
General fund
7,532
(6,701)
831
Re5trleted funds
Western Childcare Partnership
(Capitsl)
CnaG - Deptwtsnent of Educatioii
Department of Health - Belfast &
Soiith E&stern Tiust
Department of Health - Programme
Support Specialist
Department of Health - Projects
Department 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
315,109
(302,517)
12,592
I I. CONTIIYGEIYT LIABILITIES
A contingent liability exists to repay grdnts received should Lertain conditions not be fulfilled by the
charity.
12. RELATED PARTY DISCLOSURES
There were no related paTty transactions for the year ended 31 March 2024.
13. POSI. BALANCE SHEET EVENTS
There were iio events after the reporting p¢riod therefore no material issues need disclosed.
20

## **Altram** 

## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** 

|**Detailed Statement of Financial Activities**<br>**for the Year Ended 31 March 2024**|||
|---|---|---|
||31.3.24|31.3.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**<br>Donations and generated income|2,664|2,331|
|Conway Mill Trust|1,417|5,201|
||4,081|7,532|
|**Charitable activities**|||
|Grants|304,643|307,577|
|**Total incoming resources**|308,724|315,109|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Salaries|230,156|194,419|
|Social security|16,797|14,292|
|Pensions|3,757|2,883|
|Insurance|1,764|2,687|
|Light and heat|1,526|1,055|
|Telephone & IT|4,874|3,460|
|Printing and Stationery|344|7,753|
|Sundries|1,452|1,584|
|Direct Project Costs|18,876|34,021|
|Travel and Transpmt|7,232|10,188|
|Resources and Materials|2,138|5,572|
|Staff Training|1,307|2,223|
|Rent<br>Conferences and Workshops|16,372<br>970|10,447<br>8,043|
|Resource Development|53||
|Depreciation|945|945|
||308,563|299,572|
|**Support costs**|||
|**Governance costs**|||
|Acconntancy Fees|2,988|2,772|
|Bank charges|243|173|
||3,231|2,945|
|Total resources expended|311,794|302,517|
|**Net (expenditure)/income**|(3,070)|12,592|



This page does not form part of the statutmy financial statements 

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