REI GISTtI RED CHARfrY I￿￿4 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 ACti￿tieS
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 C￿4RITy
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 acco￿lts
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 Ye￿S, 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 eIth￿iced 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
import￿lt 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 Colnp￿lY liad net iiicoming resOU￿eS 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 & resC￿e 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
Altr￿ll is a charity which receives funding from government departments and tmsts. This fundillg allows
Altram to delivcr Se￿ICeS 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 bi￿ge( 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 ￿sc￿e 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-med1￿n 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 al￿ed 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 arI￿geMents
and is a key gtrength in the company.
A conscientious approach to fflisuring that cOntrac￿al 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 f￿anCIal ¢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 fll￿n¢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 fiLl￿1¢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 I￿ve been followed, subject to any material departtllfs
disclosed and explained in the fll￿n¢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 oll￿r
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 l￿der Section 65 of the Ch￿ltieS 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 accol￿ts 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 eX￿nIllation 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 leg￿leS
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 I￿Ss 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 FUl￿s
128,475
116,549
The f￿a1]Cial statements were approv¢d by the Both of Tn￿te¢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 Ma￿h 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
(a) General inforniation and bASiS of prepa￿tioll
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 ch￿lty..
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).
Fi￿h¢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 Settlem￿lt 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 Unconditi￿￿1 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 f￿anCial 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 i11cur￿d 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 r￿ed 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 ￿Co￿ls¢d only when the charity becomes a paty to the
¢ontractual provision of the instLlllllent.
Basic fmancial instruments ar¢ initially recO￿lSed 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 f￿allela1 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 P0￿CIEs - 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 ￿n￿l¢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 f￿ance 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 re￿1vable 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 be￿1 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 CHAR￿ABLE ACTIVITIES
31.3.25
31.3.24
Activity
Grants Receivable
Grants
356,933
304,643
GrE￿tS ￿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
R￿tricted 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 Ma￿h 2025
10. MOVElktCi NT FUNDS- continued
co]np￿atiVe 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 - PrO￿amme
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)oWmE￿Is
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