REI GISTtI RED CHARfrY I4 R: NIC103690 ort of the Trustees and Unaudited Fin ial Statements for the Year Ended 31 March 2025 for Altram Lynn Drake & Co Ltd Chartered Accountants 1st Floor 34 B-D Maill Street Moira Co. Arma BT67 OLE
Contents of the Fin he Year En nts Page Reference and Administrative Detsi18 Report of the Trustee Independent Examinerls Report Statement of Financial Activities Statement of Financi Position 10 Notes to the Flnancial Statsmellts 11 to 21 Detailed Statement of Financial ACtitieS 22
ltram Reference and Administrati DetaAIs for the Year En d 31 MAreh 2 TRUSTEES Aine Andrews (Chairperson) Theresa Brady (Treasurer) Aoif¢ Ni Phoilin Sinead Mcconnell PRt¥CIPAL ADDRESS Office l Mill House Twiii Spires 155 Northumb¢rland Street Belfast Co. Antrim BT13 2JF REGISTERED C4RITy NIC103690 INDEPEIWENT ExAM[ER Lynn Drake & Co Lld Chart¢r¢d Accountants 1st Floor 34 B-D Main SbEet Moira Co. Armagh BT67 OLE BANKERS Ulster Bank Andersonstown Brancli Untt G Westwood Centre Kennedy Way Belfast BTI19BQ
Altram ort of the Tr or the Year Ende March 2025 The trustses pre5¢nt their report with the financial statements of the charity for the year end¢d 31 March 2025, Tlie trustees have adopted the provisions of Accounting and Reporting by Charities.. Statemeijt of Recommended Practice applicable to charities preparing their accolts accordallce with the Financial Reporting Standard applicable in the UK and Republic of Iro1]d (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Aidhmeanna l Aims Altram is registered with The Charity Commission for Northeni Ireland NIC103690. It op¢rates under a constitution dated 5th March 2012. Altram is classified under the following d¢scTiPtions of charitsble purpose: -Th¢ advanccment of education -The advancement of arts, ¢ulture, heritage or science. Altram shall be non-politicaL non-racial and non-sectarian iii character. Altram is established to advance the following aims., The advancement of Irish-lnedium varly years, care and education The promotioii and delivery of quality Irish-medium early years, oare and education services to meet comTnunily need alld demand The involvement of families, parents and carers in the early learning experiences of their children The provision of r¢lated training and support to the Irisli-medium early years, scctor The d¢v¢lopment of warly years, care and educational services as th¢ foundatioll for Irish-medium education Principle activities Altrain exists to promote hi quality lrish-medium early years child¢ar¢ ]d education which is open to all, and io support family involvement as a keystone in the development of an Irish language community.
tram ort of the Trnstees for the Year Li nded 31 arch 2025 ORJECTIVKS AND ACTIVIIIES Public benefit l Th¢ advancemellt of Irish-medium (IM) ¢aTly YeS, care and education in Northerll Irelalld dwough ensuring access to the latter, and promoting and representing the early years, sector to relevant agencies and authorities. Benefici&ri¢s are children who attend IM early years settings, which prepares them for successful traiisition to IM primary schools, benefitting the cliilQ the school and ultitllately th¢ wider Irish language colninunity. Staff, professionals and committees galll hands-on knining in support of their respective roles. Parents and carers access a range of language resources which support positive play and learning. Relevant authorities and support agencies are better infomied of the benefits, needs wid challeiiges of the sector and the value of bilingual education. 2 To proinote and deliver quality IM early years, care and education services to meet con]munty need and demand. Benefits are demonstrated through tlie year-on-year increase in demand for IM Early Years Education which llow includes over 65 settings acmss the North. Children benefit from a quality early years, experience and the recognised benefits of bilingualis. Government FN)licies and statements (Belfast Agreement, Programme for Cohesion, Sharing and Integratio NI Programme for Government, 2011-2015) have identifIed the Irish language as a shared expression of our cultural wealth ]d tharfore of public benefit. Increased numbers of speakers make a contribution to our intangible heritage. 3 To involve families, parents and oarers in the early learning expcricnces. Benefits are demonstrated through the inuEascd uptalce of places at IM wly years, settings. the number of parents and families Opting to receive advice and support and learning opportunities. the eIthiced confidence and self-esteem of children and PWEllts' the increasing engagement of participants in government family support initiatives. 4 To provide related training and support to the tm early year8, sector. Benefits are demonstrated tlirough uptske and delivery of services in a given year (2024-2025): over 300 Early Years Specialists, on-site support visits. attendallce of over 300 at cluster/in-seNicc training and currtculum and child protection courses. positive outcomes from the Education alld Training Inspectorate illspections. Young children and families benefit from appropriately tTained staff who, in turffj are more coiifident and compet¢nt as a result of additional training tuid support. Children benefit from parents who are more engaged alld involved in their early education, Committees b¢Defil frojn training in support or their roles. 5 The development of Irish-medium early years, C2llE and educational services as the foundation for IM education. Irish-medium educalion is the most effective way of producing fluenl, confident Irish speakers who will contribute to the Irish lallguage community, helping to maintain and preserve importlt part of our shared cultuL21 heritage. Th¢ direct benefits which flow from this purpose are Ghildren who become fluent second languag¢ speakers. schools which benefit from the quality foundation experience of children and the early engagement of parents in their ohildren's education. Beiiefits to the wider community include enh]Ced awareness of the value of education and increased knowledge of a variety of aspects of our intangible culture such as language, literatu, art, foll(lore etc. These benefits are demonstrated tllrough the growing numbers of childr¢n attending all phases of IM schooling. the increased involvement of parents and carers. the increas¢d nwnbers OF worl<ers ill the early years sector who opt for furtlier ts7ining in language pedagogy and iminersion language methodolo. Private b]er[t mayarise from time to time when Altram secures the services o'f workshop facilitstors, speakers or educationalists. These benefits are incidental and arc a necessary result or by-pmduct of our purposes. No identifiable public harn] arises.
ort of the Trustees for the Ye Ellded 31 March 2 FINANCIAL REVIEI W The ColnplY liad net iiicoming resOUeS for the year of £11,926 (2024: n¢t outgoi1 resources of £3,070), which refiected the complctioii of a iiumber of projects durillg die y¢ar. Unrestricted funds increased by £10,414, while restrlctsd funds llicreased by £1,512. The total funds at tlie end of the year lloUnt to £128,475 (2024.. £116,549). RESERVES POLICY The charity's policy is to retain a l¢vel of free reserves, which matches the needs of the organisation both at the current time alld in tli¢ foreseeable fiiture. The charity has developed a plan to establish and maintain this agre¢d level of free reserves. The charity will continue to monitor compliance with this policy on a regular basis and tlie Committee will review tlie appropriateness of the policy amivally. Scope This policy applieg to all employees, volunteers or board members of Altram. Context Altram aiins to keep money aside as & resCe to protect the charity against drops in income or to allow it to take advantage of new opportunities. Altram's reserves can b¢ spent on any of its aims. MonRtorillg and reviewing the Reserves Policy Altram will review the Reserv¢s Policy on an amiual basis at the time of the annual accounts being prepared. Benefjciaries Altrll is a charity which receives funding from government departments and tmsts. This fundillg allows Altram to delivcr SeICeS regionally to the Irish-rnedium early years care and education sector. Rationale behind the reserves policy Altram employs seven staff to deliver its programme of activity. Altram requires a reserves policy to maintain a sufficieiit level of reserves to enabl¢ norinal operating activities to Continue over a period of up to three months should a shortfall in income occur and to take account of potential risks and contingencies that may arise froin time to time, This might occur due to,. Tlie risk of i]n unforeseell emergency or other unexpected need for fimds, e,g. an unexpected large bill Covering uirforeseen day-to-day operational costs, e.g, employllig temporary staff to cover a lollg tern) sick absence A source of income, e.g. a grant, not being renewed. Funds might be needed to give the trustees tim¢ to take action if income falls below expectations Planned commitments, or designations, that cannot be Jnet by future income alone, ¢,g, plans for a major asset purchase or to a significant project that qUireS the charity lo provide match funding The need to fund short-term deficits in a cash bige( e,g. money may need to be spent before a fundRllg grant is r¢ceived.
Altram ort of tlie Tr for the Year Ende 31 March 2025 Excluded from the Reserves Policy is: Restricted Funds Therefore, in order to demoiistrate transparency, accountability and sowid financial management Altram has set oiit below the levels of reserve required. Level of sce required by Alkn., salary coyts x thTre months, and core nmning costs x 3 months FUTURE PLANS Altram faw a challeiiging year ahead but we plan to meet these challenges and continue to provide our advice, support and guidance to tlie Irish-med1n early years care and education sector using a variety of platfomis and support tlie sector through this continued financially pressured period. Altram is confideiit that present funders will continue to support the organisation. In the finallcial year 2025-2026, we will provide and extend the full range of suppo¢ training, resource, advocacy and representation services including,. Deliver a comprehensive early years, support scrvicc to Irish-medium early years settings Deliver recommendations from the Statc of the Sector report and condiict a refresh of this to reflect current sectoral needs Support the response to recommcndations arising from tm Preschool research (2016) Delivcr a gIOnal event to raise awareness about relevajrt issues widiin the sector Develop resources to lppOrt practitioners, children and parents in the Irish-lnedium early years sector Develop a parthership to deliver a scoping exercise on the n¢eds of imjnersion education in Irelalld and Scotland Develop accredited trainiiig to support practitioners deliveriiig an earIy years Irish-In¢dium immersion education pmgramme Deliver a practitioner training programme aled at developing expertise within the seLtor Deliver management support aimed at building the capacity of committees within the Irish-medium early years sector Kepresent the Irish-rnedium sector on relevant bodies STRUCTURI, GOVERNANCII AND MANAGEKENT Governing document The cliarity is controlled by its governing do¢umenL a deed of trust and constitutes an iinincorporated charty.
Altrnm ort of the Trnstees for the Year li nd March 2025 STRUCTURI, GOVERNANCE AND IVIANAGLMENT Risk management The prAnciples of good goveriiance are embedded within &ll aspects of Altram's operations with management and staff being keenly aware of the Board's responsibilty of ensuring tliat the organisation protects itself from financial exposure and reputational damage, A close working relationship is maintained between the Board and management to ensu that operationally stsff are awarc of the standards required of them by the Board and the Board are always in a position to provide guAdance and support to inanagement in th¢ discharge of their duties. This two way r¢latioiisliip is the key featlwe of Altram's governance arIgeMents and is a key gtrength in the company. A conscientious approach to fflisuring that cOntracal project requirements are achieved has been maintained at all times both iii the accounting period being reported on and since Altram was established. Very tiglit fmancial controls oil expenditure and all fmancial Commitments are maintained at dl times and project staff have been traiiied and have bccorne experienced in budgetary controls.In both these eaS ie project delivery and fii)ancial controjs management all staff have established close working relationships with fundillg organisatioiis to ensure all mandatory standards are consistentty achieved. Board representatives also actively cngage with funding bodie5. The Board, management and st&ff are fully aware that the nature of die woA( in which Altram is involved can brllig with it a high level of scrutiny to cnsurc that all activities are fully compliant with fuiidllig reqiiirements and,therefore, beyond proaCh.The Board of Altram is, therefore, greatly reassured of the company's compliance with the highest of standards of governance on the basis that all monitorillg and evaluation of project delivery dcmonstrates achievemellt of all funders objectives 8nd that funders, audits and voiicliing of fanCIal ¢xp¢nditure and the independent ¢xamlliers tEport confirni cotnpliallce with both probity and regularity in the iise of monies received. I VENTS SINCEI EM) OF YEAR Information relating to events since the end o'f the year is given ill the notes to the flln¢la1 statemeiits.
Altram ort of the Trustee for the Year Ended 31 March 2025 STATEIVIENT OF TRUSTEESI RESPONSIBtLITIKS The trustees are responsible for preparing the Report of the Trustees and the fiLl1¢la1 ststements in accordance with applicable law and United Kingdom Accounting Staiidards (United Kingdom Generally Accepted Accounting Praciice). The law applicable to charities iii Northern [re1]d requires the trustees to prepare fmancial statemeiits for each fmancial year whicli give a tru¢ and fair view of tlie state of affairs of the charity ld of the incoming resources and application of r¢sources, including the incoine alld expellditure, of die charity for that period. In preparing those financial statements, the trustees are required to - select suitable accountiiig policies and then apply them consistently - observe the methods and prillciples in the Charity SORP - malce judgcments and estimates that are reasonable and prudfflit state whether applicable accounting standard5 Ive been followed, subject to any material departtllfs disclosed and explained in the flln¢la1 statements - prepare the financial statements on the going concern basis unless it is inappropriate to presutlle that the charty will continiie in operation. Th¢ trustees are responsible for keepiiig propcr accounting records that disclose with reasonable awuracy at ny time the financial position of th¢ charity and enable tliem to ensure that the fjnancial statements comply with the Charities Act (Northern Ircland) 2008, the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, Illid the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hencc for taking reasonable steps for the prevention and detection of fraud and ollr irr¢gulaTitics Appmved by order of the board of trnstees on 20 August 2025 and signed on its behalf by: Aine Andrews (Cliairperson) - Truslee
Inde endent Ei xaminer'3 Re Altram I report on the accounts of the charity for the year ended 31 March 2025, which arc set out on pages nllie to twenty one. ort to the Tr sof Respective responsibilities of eharity trustees and examiner As the charity's trustees you arc responsible for the preparation of th¢ accounts Ill accordEfflce with the requireinents of the Charities Act (Northern Ir¢land) 2008. It is my responsiblity to: examine the accowits lder Section 65 of the ChltieS Act follow the procedures laid down in the geAieral Directions given by the Charity Conunission for Nortliern Ireland Ullder Section 65(9Xb) of th¢ Cliarities Act state whether particular matters Iiave com¢ to Iny atteiition. BASIS of the illdependent examiner s report I have examin¢d your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the gcllcral Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Chariti¢s Act. The examination included a review of the accounting r¢cords kept by the charity and a comparison of the accounts presented with those records. It also includcd consideration of any unusual items or disclosures in the accounts, and seeking expknatÉons from you as charity trustccs concerning any such matlers, My role is to stste whether any material matters have come to my attention giving me cause to b¢li¢v¢,' That accounting records were not Ic¢pt in accordance with Section 63 of the Charities Act That the accolts do iiot accojtl with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further information needed for a proper und¢rstanding of the accounts to be reachcd. Independent examiner s stAtement Since your charity's gross income exceeded £250,000 your examincr must be a member of a listed body. I can confinn that I am qualiffied to undertake tlie examination because l am a registered member of Institute of Chartered Accountants in Ireland which is one of the listcd bodies. I have completed my eXnIllation and have no concerns ill respect of the matters (l} to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I Imve found no matters that require drawing lo your attention. Mr Billy Drake FCA Institute of Chartered Accountants in Ireland Lynn Drake & Co Ltd Chartered Acc4Juntants I st Floor 34 B-D Main Street Moir& Co. Annagh BT67 OLE 20 August 2025
Altrum Statsmellt of Financial Activities for the YeAr Ended 31 March 2025 31.3.25 Total fwids 31.3.24 Total funds UnrestriCt¢d Restricted fund fwids Notes INCOME AND NDOWMENTS FROM Donations and legleS 11,098 11,098 4,081 Charitable activities Grants Receivable 356,933 356,933 304,643 Total 11,098 356,933 368,031 308,724 EXPENDITURE ON Charitable activities Dilrct Expenditu Governance 684 344,688 10,733 345,372 10,733 308,563 3,231 Total 684 355,421 356,105 311,794 NET INCOMEI(EXPENDITURE) 10,414 1,512 11,926 (3,070) RECONCILIATION OF FUNDS Total fiinds brought fonvard 56,777 59,772 116,549 119,619 TOTAL FUNDS CARRIED FORWARD 67,191 61284 128,475 116,549 The notes fonn part of these financial statan¢nts
Altram Statement of Financial Positioll l March 2025 31.3.25 31.3.24 Notes FIXCI D ASSETS Tangible assets CURRENT ASSETS Debtors Cash at banlc 21,536 110,171 21,536 99,894 131,707 121,430 CREDTtORS Amounts falling due witliin one year (3,232) (4,881) NET CURRENT ASSETS 128,475 116,549 TOTAL ASSETS ISs CURRENT LIABILITIES 128,475 116,549 NET ASSETS 128,475 116,549 FUNDS Unrestiictcd funds Rcstriclcd fullds 10 67,191 61,284 56,777 59,772 TOTAL FUls 128,475 116,549 The fa1]Cial statements were approv¢d by the Both of Tnte¢S and audiorised for issue on 20 August 2025 and were signed on its behalf by., Aine Allthews (Cliairyerson) - ruste¢ Theresa Brady (Treasiirer) - Trustee The noles forni part of these finanoial statements 10
Altram otas to th Financial Statements for the Year Ended 31 Mah 2025 ACCOUNTING POLICIES Basis of preparing the financial statements (a) General inforniation and bASiS of prepatioll The charity constitutes a public beiiefit entity as defmed by FRS 102. The financial statements have been prepared iii accordance with Accounting and Reporting by Charities: StatempAIt of Recommended Practice applicable to charities preparing their accounts in a¢oordanc¢ with the Financial Reporting Standard applicable in tlie UK and Republic of Ireland issued in 2019 the Financial Reporting Standard applicable in the United Kingdom ]d Republic of Ireland (FRS 102), th¢ Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice. The financial statements are prepaThl on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements aT¢ presented in sterling which is the functional currency of the chlty.. The signifivant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Funds Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and whicli have not been designated for odier pury)oses. Restricted funds ar¢ funds which are to be used in accordance with sp¢cific restrictions imposed by donors or which have been raised by the charity for particular piirposes, The cost of raising and administering such fimds are charged against the Specific fund. The aim and use of each restricted fiind is set out in the notes to the fmancial siatements. Further explanation of the nature and purpose of each fund is included in the notes to the financial ststements. (c) Income recognition All incoming resources are included in the Statement of Financial Activiti¢s (SOFA) wlien tlie charity is legally entitled to the income after any perforn]ance conditions have been tnet, the amount can be Ineasured reliably and it is probable thal tbe income will be received, For don&tioiis to be recognised the Gharty will have been notifi¢d of tlie liOunt$ and the settlement date in writing. If there are conditioiis attach¢d to the donation and this requires a level of pcrforinance before entitlemeiit can b¢ obtained then income is defeLTed until those conditions are fully met or the fulfilment of tliose conditions is within die control of the chariiy and it is probable that they will be fulfAlled.Voluntary income is received by way of grants, donatiojis aiid gifts and is included in full in the Statement of Fiiiancial Activities (SOFA) when receivable, Income received from collections is recognised wlieii received. Doiiatsd facilities and doiiated professional services are recognised in illcome at their fair value when tlieir ecoiiomic beiiefit is piobable, it call be measured reliably and the charity has coiitrol over the item. Fair valu¢ is determined on the basis of the value of the gift to Ihc charity. For example the amount thc charity would be willing to pay in the open markel for such facilities and services. A corresponding amount is recognised in expenditure. Ii continlled...
AltrAm Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Basi8 of preparing the financial statements No amount is included iii the Fin]Cial statements for volunteer time in line with the SORP (FRS 102). Fih¢r detail is given in the Trustses, Annual Report. For legacies, entitlement is the earlier of the Charity being notified of an impending distributioll or the legacy being received. At this point income is recognised. On ocoasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distribiited, On these occasions, the legacy is treated as a contingent asset and disclosed, Income from trading activities includes income earned from fundrdising events and trading activities to raise funds for the charty. Income is received in exch]ge for supplyiiig goods and serviccs in order to raise funds and is recognised when entitlemeiit lias occurrcd. The charity ceIVeS government grants which .8 detailed wid]in the notes to these fllmicial statements. Illcome from government and other grants are recognised at fair value when the charity has entitlement after any perfonnance conditions have been meL it is probabl¢ that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. (D) Ei xpenditure recognition All expendithre is accounted for on an accruals basis, inclusive of VAT which cannot be recovered and has been cl&ssified under headings that aggreg&te all costs related to the category. Expendittire is recognised whcrc there is a legal or constructive obligation to mak¢ payments to third parties, it is probable t[l the Settlemlt will be required and th¢ &mount of the obligation can be m¢a8ured reliably. It is categories under the lollowing headings,. Costs of raisillg funds illcludes the Costs associated with attracting volwitary incomes. 4 xpenditure on charttable activities includes tliose costs incurred by the charty in the delivery of its activities and services for its beiieficiaries. It includes both costs thal can be allocated directly to such activities and those costs of an indirect nature necessary to SLiPPOrt tliem. and Other expenditure rcpres¢nts those items not falling into tlie categories above. Irrecoverable VAT is charged as an expense against the activity for which expelid1tu arose. Grnnts payable to third parties are within the charitable objectives. Wh¢re Unconditi1 grants are offered, this is accrned as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectatioll that the recipient will receive the granls. Wliere grants are conditioiml relating to performance then th¢ grant is only accrued when any unfulfilled conditions are outside of the control of the clwity. (e) Support costs allocation 12 continued...
Altr&m Notes to the Financial Statements - continued for the Year Ei nded l March 2025 ACCOUNfING POLICIEI S- continued Basis of preparing the fanCial Statements Support costs are those that assist the WOAI of the charty but do not directly represeiit charitable activities and include office costs, goveriiance costs, administrative payroll costs. They are incurred directly in support of expenditure on th¢ objects of tlie charity and iiiclude project management carried out at headqiwters. Wliere support costs caniiot be directly attributed to particular headings they have been allocated to cost of raising fwids and expellditu on charitable activities on a basis consistent with use of the resou¢s. Premises overheads liave been allocated on an ins¢rt detail basis and other overheads have been allocated on a basis consistent with the use of resources. Fund-raising costs are those i11curd in seeking voluntary contributions ]d do not include the costs of diss¢iniiiating infonnation in support of the charitable activiti¢s, (fj TangAble fixed assets Tangible red assets ar¢ stated at cost less accumulated dcpreciation and accumulated impainnent losses, Cost includes costs directly attributable to makillg the asset oapable of operating as int¢nded. Depreciation is provided on all tallgiblc fixed assets, at rates calculated to write off the cos( less estimated residual value, of each assct on a systematic basis over its expected useful life as follows: FixtLres & Fittings 250/0 Straight Line @) FinanciaI Instruments A fmancial asset or a fillancial liability is Cols¢d only when the charity becomes a paty to the ¢ontractual provision of the instLlllllent. Basic fmancial instruments ar¢ initially recOlSed at the amounts receivable or payable including any related tr]saCtion costs. Curreiit assets and current liabilities are subsequently measured at the casli or other considerntion expected to be paid or relived and not discounted, Debt instLuments are subsequently measured at amortised cost. Where investments in shares are publicty traded or their fair value can otherwise be measured reliably, the inv¢sttnent is subsequently measutrd al fair value with changes in fair valu¢ recognised in income and expendittire. All other such investments are subsequently measured at cost less impairinent. Other financial instruments, including derivatives, are initially recognised at fair value, ullless payment for an asset is deferred beyond norn]al business tern]s or 'fAiianced at a rats of interest that is nol a m&rl<et rate, 11) wliich case tlie asset is measured at the present value of tlie fUtll payments discounted at a market rate of illterest for a similar debt instrument, Other fallela1 instrutnents are subsequently ineasured at fair value with any clianges recognised in the statement of fmallcial activities, with the exception of hedging iiistrumeuts in a designed hedging relationship. continued...
Notes to 'n&ncial Sthtements - continued for the Year Ended 31 March 2025 AccouwfiNG P0CIEs - continued Basis of preparing the financial statements Flliallcial ass¢t5 that are measured at oost or amortised cost are reviewed for objective ¢vid¢n¢e of impairrnent at the end of each reporting date. if ther¢ is objective evidence of iinpairment an impaimient loss is recognised under the appropriate heading in th¢ statement of nl¢la1 activities iii which the initial g&in is recognised. For all equity instruments regardless of significanc@ and other financial assets that are iiidividually significan¢ these are assessed individually for impairment. Other fmancial assets are either assessed indiNidually or grouped on die basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carying amount of the flliaiicial asset that excccds what the canyuig amount would have been had the impairment iiot previously been recogniscd. (h) Impairment Asscts not measured at f&ir value are reviewed for any indication that the asset may be impaired at each balance sheet dats. If Such indication exists, the recoverable amount of the asseL oi. th¢ assevs cash generating 11[ is estimated and compared to the callying amount. Where the carrying amount exceeds its recovernble amounL an impainnent Ioss is Tecogiused in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. (i) Provisions Provisions are recognised wh¢n tlie charity has an obligation at the balance sheet datc as a rcsult of a past evcnL it is probable that all oufflow of economic benefits will be requir¢d in settlement and the amount can be liablY estimated. (i) Lenses Assets acquired under fance Icases are capitalised and depreciated over the shorter of the lease tcrn] and the expected uscfiil life of die asset. Minimwn lease payments are apportioned between the finance clwge and the reduction of the oiitstsnding lease liability using the effective interest method. Tlie related obligations, net of future financ¢ charges, are included in creditors. Rentals payable and re1vable under operating leases are charged to the SOFA on & straight line basis over the period of the lease. (k)T No provision is required .For taxation as the company is defined as a charity for taxation piirposes. The charity is a registered charity and as such is entitled to certain tax exemptions on income and profits from inveskneiits and surpluses on any ttxding activities ¢WTied 011 in furtheraiice of tbe charity's primary objectives, ifthese profits and surpluses are applied solely for charitable purposes. (J) Judgements estimates 14 colltinued...
Altram to the Fin ncial Statements - continued f r the Year Ended 31 March 2025 AccouNfING POLICIES- continued Basis of preparing tbe financial statements The following jiidgements iiicludillg those llivolvllig estimates diat have been Made lll the process of applying the above accounting policies that have had the inost significant effect on the amounts recognised in the financial statements alld that have a significant risk of causing a material adjustment to th¢ carrying amounts of assets and liabilities within the n¢xt financial year: (i) depreciation method and asset useful liv¢s The estirnatss and assumptions are r¢viewed on an ongoing basis considering the ¢urr¢nt and future market conditions. Taxation Altram is a registered charity and such is entitled to certain tax exemptions on income and profits from investments and surpluses on any trading activities carried on in furthcrdnce of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. Fulld accounting The company has various types of funds for which it is responsible and which rcquire separate disclosur¢. A definition of the various types of fimds is as follows.. (i) Restricted funds Funds received whicli are eannarked by the donor for specific puryoses, Such puryoses are within the overall aims of th¢ company. (li) Unrcstricied funds Funds which are expendable at the discretion of the directors which have be1 d¢signat¢d for specific purposes in thrthernnce of the objects of the charity Pension c(bsts and other poSt-reti]nellt bellefits The charity operates a defined contribution pension sch¢rne. Contributions payable to the charty's pension schem¢ are charged to the Statement of Financial Aotivities in tl)e period to which they relate. DONATIONS AISD LEGACIES 31.3.25 31.3.24 Donatiolls and generated lllCOrn¢ Conway Mill Trnst 7,743 3,355 2,664 1,417 11,098 4,081 15 continued...
Notes to the Financial Statement for the Year Ende rch 2025 ued COME FROM CHARABLE ACTIVITIES 31.3.25 31.3.24 Activity Grants Receivable Grants 356,933 304,643 GrEtS e1ved, iiicliided in die above, are as follows., 31.3,25 31.3.24 Foras Na Gaeilge CnaG - Departtnent of Education Conm]unity Foundation for Northern Ireland Department of H¢alth - Belfast & South Eastern Trust Department of Health - Programine Support Spccialist Department of Health - Projects Department of Education - IME Halifax Foundation Department of Education - SLOC 3,500 185,000 5,000 40,822 45,321 158,000 40,676 45,467 2,500 58,000 58,000 4,200 15,090 356,933 304,643 TRUSTEES, REMUNERATION AND BEIYEFrrs There were iio trnstees, reinun¢ration or other benefits for th¢ year ended 31 March 2025 nor for the year ended 31 Marcli 2024. Trustees expenses There were no trnstees, expenses paid for the year end¢d 31 fthh 2025 nor for the year ended 31 March 2024, STAFF COSTS 31,3.25 31.3.24 Wages and salaries Social security costs Odiw pension costs 247,691 19,296 4,183 230,156 16,797 3,757 271,170 250,710 The average moiithly number of employees during the year was as follows: 31.3,25 31.3.24 fvfanagement & Athninistration No employees received emolillnents in excess of £60,000. 16 continued...
Altram No to the Financial Statements - continu for the Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Fixtures fittings COST At l April 2024 and 31 March 2025 57,266 DEPRECIATION At l April 2024 and 31 IVIarch 2025 57,266 NET BOOK VALUE At 3 1 March 2025 At 31 March 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR li 31.3.25 31.3.24 Belfast & South Eastern Childcare Partnerships Health and Social Care Board 10,268 11,268 10,143 11,393 21,536 21,536 CREDITOIIS: AMOUNfs FALIING DUE WITHtN of4E YEAR li 31.3.25 31.3.24 Other creditors 3,232 4,881 ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted [lId funds Fixed assets Curreiit assets Current liabilities 67,19.1 64,516 (3,232) 131,707 (3,232) 121,430 (4,881) 67,191 61284 128,475 I l6,549 17 contiiiued...
Notes to the Financial Statements- con for the Year Li nded 31 rch 2025 10. MOVEMENT ruM)s Net movernent in funds At 3113125 At 114124 Unrestricted funds General fiuid 56,777 10,414 67,191 R&strieted funds Foras Na Gaelige Ultach Tnist CiiaG - Department of Education Bord na Gaidhlig Deparhnent of H¢alth- Belfast & South Eastern Trust Department of Health- Programme Support Specialist Community Foundation for Nortliem Ireland Department of Hea]th - Projects Department of Education - IME 14alifax Foundation Department of Education - SLOC 3,000 4,427 6,471 3,104 3,500 6,500 4,427 8,650 3,104 2,179 20,721 (3,754) 16,967 21,903 (10,147) 11,756 3,402 2,001 129 4,200 3,402 2,147 129 4,200 146 59,772 1,512 61284 TOTAL FUNDS 116,549 11,926 128,475 18 continued.,.
Altrnm Notes to the Financi&ql he Year nded 31 ents - continue h 2025 10. MOVEMCI NT FUNDS - continued Net inovemeiit in funds, included lli the above are as follows.. Incoming resources Resources expended Movement in thnds Unrestricted funds Geiieral fvnd 11,098 (684) 10,414 Restricted funds Foras Na Gaelige CnaG - Departinent of Education Department of Health - B¢lfast & South Eastern Trust Department of Health - Programme Support Specialist Community Foundation for Northern Ireland Department of Health - Projeds Department of Education - IME Halifax Foundation Depathent of Education - SLOC 3,500 185,000 3,500 2,179 (182,821) 40,822 (44,576) (3,754) 45,321 (55,468) (10,147) 5,000 (1,598) 2,001 (57,871) 3,402 2,001 129 4,200 58,000 4,200 15,090 (15,088) 356,933 (355,421) 1,512 TOTAL FUNDS 368,031 (356,1.05) 11,926 19 continued...
Altram Notes to or the Ye Fillancial ts - colltlnlled rEn d 31 Ivlareh 2025 10. MOVEMKIYT IN FtrNDS- continued Comparatives for movement in funds Net movement in funds At 3113124 At 114ll3 Unrestricted funds Gfflieral fuiid 52.696 4,081 56,777 Rtricted funds Foras Na Gaelige Ultach Tnlst Western Childcare Partnership (Capital) CnaG - Departmeiit of Education SECP - Two Windows Bord na Gaidhlig Departmcnt of Health - Belfast & South Eastcrii Trust Department of Health- Programme Support Specialist Departtnent of Health - Projects 3,000 13,459 3,000 4,427 (9,032) 665 1.628 1,514 3,104 {665) 4,843 (1,514) 6,471 3,104 21,402 (681) 20,721 22,005 146 (102) 21,903 146 66,923 (7,151) 59,772 TOTAL FUNDS 119,619 {3,070) 116,549 20 continued...
Altram to the Finan Statements - continued h Year £1 nded 31 Mah 2025 10. MOVElktCi NT FUNDS- continued co]npatiVe net movement iii funds, included in the above are as follows: Inooming resources Resources expended Movement in fuiids Unrestricted funds General fund 4,081 4,081 Restricted funds Ultach Trust Wcstem Childcare Partnership (Capital) CnaG - Dq)artsn¢nt of Educatioii SECP - Two Windows Departmait of Health - Belfast & South Eastern Trust Department of Health - PrOamme Support Specialist Department of Health - Projects Departmellt of Education - IME (9,032) (9,032) (665) (153,157) (1,514) (665) 4,843 (1,514) 158,000 40,676 (41,357) (681) 45,467 2,500 58,000 (45,569) (2,500) (58,000) (102) 304,643 (311,794) (7,151) TOTAL FUNDS 308,724 (311,794) (3,070) 11. CONTINGENT LIABJLrrIES A contingent liability exists to repay grants received should certain condttions not be fulfilled by the chaLIty. 12. RELATED PARTY DISCLOSURES There were no related party t]sactiOnS for the year ended 31 March 2025. 13. POST BALANCE SHEET EVLNTS There were no events after tlie reporting period therefore no material issues iieed disclosed. 21
Altram Dethiled Statement of Financi Activitie8 or the Year Ended 31 March 2025 31.3.25 31.3,24 INCOME AND EM)oWmEIs Donations and legacies Donatio1 and generated income Conway Mill Trust 7,743 3,355 2,664 1,417 11,098 4,081 Charitable activities Grallts 356,933 304,643 Total illcoming resourees 368,031 308,724 EXPENDITUR Charitable activities Salaries Social security Pensions Insurance Light and heat Telephoiie & IT Office Consiimables Sundries Direct Pwject Costs Trnvel and Transport Resources and Materials Staff Training Rent Training and Workshops Resource Development Depreciation 247,691 19,296 4,183 1,740 1,378 6,964 361 1,916 27,617 9,385 6,566 348 19,883 200 5,162 230,156 16,797 3,757 1,764 1,526 4,874 344 1,452 18,876 7,232 2,138 1.,307 16,372 970 53 945 352,690 308,563 Support costs Governance costs AcCount£¢Y Fees B]k charges 3,120 295 2,988 243 3,415 3,231 Total resources expended 356,105 311,794 Net income/(expenditure) 11,926 (3,070) This page does not form part of the stathtory financial statements 22