REGISTERED COMPANY NUMBER.. 08082272 IEn8land and Wales) REGISTERED CHARrtY NUIABEK" 1149992 al Stat ANDERSON 8ARROWCLIFF LIMTfED Chartered A(countaAts
Pasq Reportof theTr4 Independent Exam&5 R•port Balancè Shett 10 to IS 16
The board of Trustee5 are pleased to pfesenttsrreporrand accounts fvrtheJEareThJed 31 Dernber2o23. Fmm ttr Chairof Trustees 2 Our objectwes and thrtfes 3 Structure. goVere and wnanagemenr 4 Kty achlevemenrs and performance in 5 Ftnanoal revrew 6 Plans for theyearah& 7 References and adminstratbve detaiL From the Chair of Tnrtees Ir has been a busy and succes5fiJl year for High fide from expar#fing the tean to lt1trDdU0ng our fl¥hip prograrnme& It has been an honour to seTve a5 the Foundatiorfs (hair for 5 years and to lCoMe our new Patrory Jerry Hopklnson. I have been e5pYdalty proud to have partlcipated In thevKJrk$P prwamwrtre&The workshop5 are an in-school career programme to provlde valuable career kYedge for secOary 5d]¢)ot Sbjdents and all them to leam what go on behlnd the of the local bus[re5. company. Bets BraNL took part in a nurnber of W05P5 themed ¥ound CreatNe mJIa and Bnes We Identtfied a need to expand the team in orderto gthy the wo8ramrne olfer and embarted on a recruhment campaign that led to the successfvl recruitment of a Pfogramme ccordlnator. Hughston Taylor. Hughston has made a blg impact and bullt great ratShIpS wth fflarry of the S(hl In TEes Vallty and wovided a fantsstk programme offerforther studerrt5. 1753 students dlrecdy took part in the 2023 wo8r&nrnes and we to IrKr our busine55 MeMbersP to meetthe demandfrom sch(x)Is forthe next JeI(ye. Finallyt we real appreciats the SUPFK)rt of our corFxJrate parrners Ca5w ShippMn& ckSOn$ Law Fim ar PD Port5. The corporate partn*5 made a gewous finanoal cortribJrion to our ch•ity to allow us to continue the worf< we do. I would also Ilke to thankthe buslness member5 tw knThJty gdve up thur tyme ts share their knowledge Mth the students wework wth. We could not hwe ifflpatty have bthuÈthfscrwal support. Mark Easby pe1
OurAtsns and ObJecthns The High Tide Foundatlon is an IndeforNlerrt tharitAe ftyJndatiM whKh delNer5 lrfe d)angng reer eyperiences. We open yoLg people% eyes and mind5 to Tees Vallerf5 dNer5e rareer Opportunie$ provldlng real Itfe work experierxevknth increases Under5tarKfI improve5 sknILs. raises confHJence. aThJ builds aspiTrtions. The Foundation's aim Is to imprth leami arbj emplTrrK OPPOftyntries lJilx ralslng asplratron5 for young people across the rwonthrw unlque workexFwKe and industy4ed programme& To athakKe educat10 prthride trainirEand skrlls pth}arito children and young [[¢ in shipplngand port Industrles on Teesside and e15evJlwe, a wew to enhaxirg the indmdual capabilrDe& skills and understanding of such chlldren and young people in order for them to fiNI wortrfy%thile employment upon leavin8fv11 or wrt-time edutstyon. TDfaolttateopporDJnitle5 foredu¢ation aJn1rd so asto reduce unwnpknnent in Teesslde. We seek to achle¥ethls kn a varietyofway4 Inch1 Pmviding a programme offerwhith Include5 as ll asbwjrk experien tlacements that rfll takethe students out of the classroom and into thevAJrkptace. ConirttyJtin8 to events suth as careerfairs ar parwts Lwenlng H05tlng ents to cefetate Sn4dents yxces& Publlc benefft The trufftes have complied rith their duty In Section 17 of the Charities Act 2011 to have due regard to the guidancp from the Charity Commisslon. The benefft to the pJblic 15 rnanrfesty demoed In the acriVeS and aChieVennts highlghted in thls rep)rL 5trurture. f30vernan and IAonag•Thnt The Tide FoUlatiOn b registe as a charirable company bmited by guarantee and was set up by a Memorandum ofA550aaJon on the 24 May201Z The Foundation Is govemed by a Board of TnJstEe4 who are afso dirett0 of the company. UThler the requiren[S of the Mefflorandum of knociatsor4 the rA)Merto apnttrUees is rerved to PD Ports PLC and Casper Shtpplng Limited. An amendmert Wds made in 2017 to the arrides to tncrease the ntjmber of truste from 5 Lx)ard membory to 8 brd metnL Trustees serve a tem of office fvr 3 years and may be re-appoirted at the end of term proe that Casper Shipping Umited and PD Ports PLCcon5ent ty mtrtual agreementto their re-3prx¥ntrnenL ThetrUSt all of whom are w)lunteer4 ¥e reswjnsible forthÈ overall 5tratc dirthin of the tsr8anlsation. In adittion to theAGM, the bo¥d rnes on a quarterty basi& Thecha)ty ernploys one full-tymeGeneral Marwa1 (me ful"Me Programme Coordlnator. We are dedica to breaking down barriers. charnpionirE opporDJnity. aThJ Inspiratton for students across Tees Valley. We are martrd a real IMPtthroUgh0rllnIque range of Indy4ed careerwDtshops and wor experÉence pro8rarnm. Page 2
hlghlld• Impact Report for 2023124 Impact an(J activity £tat480¢s for the Academic YearfrcNn septberaYLl. 2)24 11,350 56 Vgjley r?gh W. Y••r7&) Year 11 220 50 cnn8Lng sludents wth people 33,500+ Page 3
hightlde Our Life-changing Impact becaw I It rfty con to .1 aJottC4Jay wr 1 peokla whohave hew to gdn 0)rfthe and I wllltske rwte Icf Il rest of my e." .1 thjughtts placan&ttw&v in4hthd and hetpEd mv¥l (Trabr tJSW6 idea in rny grryjp Weeks forLKknts help51h see I thtte 2nd arourJ I w&%in GG tS)nl INY1¥W L8 has $0 ethJrAk)rTrat, fcf For thies and informatton about Ouf life-charKJing impacL ease visit websito at v4yrn.hIdÈf0Und8tlOn.¢O.uk PD P4e4
Hnandal ReAew The Income & Expenditu Accounts for the yew erKled 31 December 2023 Show in¢offle of £50566 P02Z. 0,) and expenses of £55,467 2022.. £68.INJ5K resulting In a ddKrt of £49D1. Ythlch was signlftcantly lOYr than the prewous yearfs deficit of£1734L The prirw Sour of irKome for the (harity was from donations from corporate par¢ners. to Whom arEveryrneful. The carIOn of f¥e to face during and immedity after the pandernic that the tharlty ha5 a5 yet Len unable to re-intr¢)duo any fjJrK1raIn8 wents irrto rrs caleThlar. and this has contlnued to impart it5 income. Hever. it has 0 resulted in a kyhEr of eyrMfiwr¢ whith hel( mSate the end of year deffcit It Is the pglicy of the FOUndaOn that unrestriLted ftJn& vthtdj e nor been deslgned fora specrfic IL5e shwld bè maIntned at a levd equwalenr to ttween three- aThJ six-morths expenditu. The frustees consider that resetwes at this Iwel wll effjure th< in the event of a (ant drop In fvtKlit rhey 11 be able tts contlnue the charrtys current aCtive$ while conslderatron issiven to Way5 in which addonal fvrwjs may be raised. This level of reserves has tken malntained thrOUghLw¢Y. As at31 Dember2o. rEstricd reserves7Aere£3%36 and unrestritted reserveswere £11&716. The trustees are confident that the charity h3s sufficlent fiJrMts to continue to oFErate an(1 meÉ ffs Ilabilttie5 a5 they tsll due over the next 12 the Tnree$ continue to adopt the golng concern basls of accounting in preparing the finar[al stateme Risk The Trust have assessed the major risks to whith the tharity ts exwsed aThJ we 5aUsfied tlNx wems are in pl¥e to lgate e4Ure to the majorrls. Plans forth YearAhead The charlty plans to conbnue re-bulldSng ts fa to face gage[ent with ghorAs and buslnesses over the comin8 ye. ajxl to re4ntroduce work eyperience platsments where SDJderts a offered plnIS thend around a varfety ofsettors such as MartÉrme Enginethng. Four sE0rweek pla(ernents eth fasttngone7AEeK v•ill LE rolled out in tr SJ[nr of 2024 foryear 10 >dents from f(xJr drfferent SCh(lIS across thearea The chartywTII also rewert its fundlng modd th a to 10FXng new irKome streams. to enable tt to rem31n sustainable, imFrove ftswsibilffy and grow rrs overthe next3 to 5 year5. Page5
TrASseMbty FLall Vtctoria &JlFtting mithJbrolh TSIW 1149992 J M InSon (ceased 1&0123) M Shakesheff J Balley Iceased 1&0123) E E&ty(thairl K Donkln Pauja mcma)n N Parkerl£eased 01.11231 AJ)der50n rrth¥dIff rnited Chartered Accountants 3 tQt¥fL5herCourt BoMEsfidd Park Stockton on Tee5 TS18 3EX Thls rep has been ppared In accordae with the 5rkcial prowfjsiorts of Part 15 of the CoMpaeS kt 2006 relatsngto small companies. ApprDved by orderof the board of trustees on_ and slgnedon trs halfty. M E Easby Pa8e 6
ort Independent examlnefs tepryt to the trustees gfTh• High FowJdaffi fthe Company) I report to the (harity tsStee5 on my examI[on of the accounts of the Company for the year en1 31 December 2023. ResP(SIbIlItieS and ba of report As the chartys trustees of the Conwny land also its director5 for the wrposes of company law) you are p¢)nsible for the prewation of the accounts in conde 1th the require1 of the COmpanS Act 2tsJ6 (the 21)06AcVI HIng $fied my5elftrotthe accounts ofthe compwrya w required to iE audtted under Part 16 ofthe 2C4JS Art and a eligTble for indeFenderrt examlnaDory I report in respett of my examination of your charitys accounts as Trrrfed out under Section 145 tsf the Charities Att 2011 ItrE 2011 Attl In canytng out my examinaifjon I have followed the D(tIOnS8en bythe Charity commson underseaton 14515) (bl of the2011 ACL I have cornpleted rny ewinatitsn. I confirm no [terS twe cory to niy aLtention in conrcUon yth the examination gMn8 me causeto beli Cournsngrecords vre not kept in respettof Comwtyas rwurrwJ bySecr(on 386 of the20C6A¢ or the accounts do not accord b%Tth those records" or the accounts do not comply the 8ccourrtirE requirwnerrts of Se(Uffi 396 of the kt other than any requirement ttrwr the accoLJnts give a tye and tairvi&¥thkh ts not a rnatter cor6wJered as part of ari independent examlnabon.. or the aciounts have not been prepared In cOrdance %%ith the rnethods and wnciples of the St3temert of ReComMded praal for accoLFrtbng and rrIng by ch•itses lappJica>l¢ to Chare5 preparlng thelr accouts in accordance the finarKial ReporUrE Standard applicalSÈ in the UK ar>d Republic of Ireland IFRS 102)). I have no concerns and have come across no other rnatters in connecrion the examination to bvhkh attsntion should be drav4n in this report in orderto enable a prtsperunderstandingof theaccolm to be reathed. C4r Jane 8ennett dersoTh BarrOlIff Chartered Accountants 3 Kingfisher Court Bowesfiekl Park Sto(kEOft on Tee5 TS18 3EX Date.. .-*.4.1..9..1..Q4........_.. Page 7
em 2022 Total funds Total Notes INCOME AND ENDOWMENTS FROM DortIOnS and legacies 49347 Othertradlng artlvkies Investtnent irKome 1285 31 41 41 Toral 50A66 50366 50.663 EXPENDITURE ON R21singfur•Js 216 216 913 Charitsble actfvltl•s Charltable acttleS 55251 55.251 67.092 Trtal 55.467 08D5 INCOMEIIEXPENDrruJiE) (4901> (49Jl) 117J421 RECONCIUATION OF FUNDS Totsl fud5 broughtforward 121.617 125A53 141795 TofAL FUNDS CARRla) FORWARD 116.n6 120.552 125,453 All income and expendityre In 2022 reL*ed to unre5thctedfunds. The notes form partof theSefiraI statem Page 8
2022 Total UnrestriLted Totsi FIXED ASSETS TaWNe assets 13 CURREPUASSS Debtors sh at bar and hand 14 1518 126A77 121.612 125348 CREDITORS Amounts falling duewithln oneyear 12Q218 127,995 15 (Q657) 14.1041 NEf CURRÉKfASSErs 11&r 1191 123,891 TOTALASSEfs LES5 CURRENT LIABILmE5 116.716 120X2 125A53 NET A55Ers 116.X6 120.552 125.453 FUNDS Unrestrtted fLtThJs Restrlcted funds 16 114716 121.617 TOTAL FUNDS 120.552 125A53 The charae compary is Pnttled to exernpuon from au(fft under Secdon 477 of the CDmpanles A¢r 2(%J6 for the year eTKJed 31 Decernber2023. members have not required the comparry to obtsin an aud of its financlal statements for the erkled 31 December 2023 in accordance vAth Section 476 of the Companies kt21K)6. Thetrustee5 acknth•Aedgetheir r¢Swllle$ for lal ensuring that the (harirable company keeps accounting recunts tha compty wtth Sertlons 386 and 387 of the CompaniesAc¢21Xb and preparlng financial stdtements which grye a ar fair view of the 5tatr of affai of the ¢harltable company as at the end of each finarKial year and of its surplus or defltht for each finarKial year in accordance vmh the requlrerner of SecllorG 394 and 395 ar OtherWe cornp th the requirements of the Companies Pa 2CthS relatirg to ffinanaat statemr so far as applicable to the charitable company. Ibl Thtse finandal statements have been prepared In accordae with the wovlsN)n5 appllcable to chartsble companie5 subject to the small companie5 rwme. The finarKlal statements were approved the Board of Trustees and authorfL%e(I for issue on .. and We signed on beh31fty. M E Easby. Trustee The notes forni part ofthe5e firt031 smements Page 9
AccouKnNG POLICIES Basis ofprew1Ihe finandal statements The chartty is a private compary. ty&nInte a rystered tharlty in Englancl The ajdress of the rv5re office is gven in the company intom)ation on page l. Th2 nature L)f the charr(able companys OFer&ions prirKipd rnlfiesare shown Inthe ReF¥rt oftheTruffte The charitthe company constitutes a publ Inefft w as defir)gJ byFR5 102. Theflnalal staternents have been ppared In accordatKe knounting and Reporting ty Chafitis Ststernent of Recommended Praaice applicable to tharitsble companies rffeparing theiraccounts in accordance with the FinancTal RepNUng Standard app[ble in the UK and Republic of Iland IFRS 102) pubJi5hed In ottober 2019, the Trnanoal Rewtng Srar•Yard appltcable in the United Krgdoffi Republic of Ireland IFRS 102 the CharftlesAct 2011. and UK frEralAC(epted practi as tt appliesfrom 1 January2015. The flnanaal sratements are prepared on a goirg concern b&Ls urrthe historrcal cost c¢nventior4 erns recognised at COSt or trara{On value unless othenlise srated n the relvRnt n5) to thE accounts. The accounts are wepared In stertirgrounded to the rreSt£ The charity Ojent ha5 sufflctent re5er¥e5 to conunue in opwatiorn The TreS therefore believe that Isapproprito prrethefinanC1aJ ststements on a gorng corKem basi> The charty is a company limlted bJ8uarantee. The memtws of ttte comparty arethe trustees named on page 1. In the event of the chartry b&¥¥wound the liabli ity In res of the guarartee limited to £1 per member of the charfty. Income Iterns of iOrne are recognised and IVded in theOLtsWhen all theflrE criterla are m&- The charity have erwdem&rttothefund¥ Any performance Cond$ att to the itenysj of income W LWJ met or are ful wthln the control of thedwlty. There is suffiaertt certairitythx elFA of the irKome tscor6wJered tbabl. and The amount can be measured relk3bty. Cash donations are recosni5ed on rereipL Ckher donatyons are recogni5ed orKe the Foundatlon has been notified of the donatio unless wformarKe cond05 require deferral of the amounL Income tax reci)verable in relation to donations receNed under Gift Atd or deeds of covenant is recognised at the time ofthe donation. Expenditure l expenditu 15 accourted for on an accrvab basis arKI ts recogrused On there is a legal or consmjcdve obligation to make a payment to a party. ft is prObae that S&dement vitll be required and the mount ian be measured reliabty. Irrecover3trAe VAT is IndLMled in eX[tU 8gatnst the retevarrt costfor which the eXpditure wa5 Incurred. ExEenditure Is tlassified LrTNJer thefollobv(ng headings... Charitable expendrture comprtses those costs rncurred by the thartty in the delNery of ts ]tIes. Indudes Ertjthcosts which be dirtttyallocatedto kntfiesand those costs of arh irKlirert nawr Supp)rt cosrs are thosfvncbons thatasst5tthework of the butdo not dirEctyuThJertake charitable actbillue& SUprt Costs irKfude back office COSL% finar. personnd. payroll andgoyernance costs. Governance cosrs a those Incurred In connthn compliarKe with constthtSonal and 5tatLTEOry requlremen Page10
ACCOUNTING POLICIES.cIhXd Table fjxed assets are Initial measured at cost al gjbsequenty rnere at cox net of depreclation and anysrwyairment los Depreclaflon is rectsgni5ed so as to lte off the c05t or valuaion of assets le their resldual values over their useful INes onthefolloirs bas[& res3nd fitting5 Computer equipmert S Yea straight line 4years strai8htli Taxativn The charrty is exempt from corpor3ti0n taxon hs th¥trab thDes. Fund Ou General fvrKls are unrritted whith are avalèble for use at the discretlon of the trustees In furtrance of the geal objeciNes of the tharity and wNch hwe nc en deslgnated for other purposes. Restrlcted fiJnds are fijnds vlhich are to be used in acCOrdae th speofic re5rrictior6 Imposed by donors or %ich have been fa1 by the charity for partKular purposes. The cost of raising and admlnlstering the fijnds are charged against the swific fvThJ. The alm and Lt5e of each restricted fvnd ts set our in the notes tothefinanclal staternents. Designated funds comprtse unre5tr1cred fund5 tt hwe been aside by the rxusw for partlcular purp05e5. The alm a1 use of the de&grted fvnd is5L inthe notes to the financial sratements. The charltable company operates a deftned contritrxthn pension xhem& Conrribuuons payable to the charitable compatys pension scheme are clwged to the Statement of nancIal ktlwties in the perlod Éo which they rdate. D•btors Trade and other debtors no sr4ed Interest rate aTrJ recewèble withln Or year are recogntsed at the transaction pri. Cash at bank Cash at bank and cash in IndLMle5 cash aThJ srt term higth liquid irNestmerAs a short maturtty ofthree months orlw from the (late of qUisitiorI OroFrE0f thety)sit orstmilar ac(ounL Cred C4t0 and provlslons are recognised vkre the charSty Fw5 a preserrt oblig3ti0n resutbrE from a past ever]t that W[1 probabty tE9JIt in the transfer of fi6rth to a third party and the amount due to settle the obllgatlon can be measured or estim*d relkltty. Credttor5 and pmw5ton5 are rKJm)ally remgnised at their settiernentamounL Fknandal Instnxnents The charity onfy finarK[ as5ers and finawal liaknlibes of a that quallfy as ba51¢ finanoal Instrumerws. Basic financlal Instruments Inalr recognised at trarwcuon value subsequendy measured attheErseNtenertvalue. Pzge11
anaal Sta em DONATIONS AND LEGACIES 2022 Donatlor Br(M)kfield 25 21287 27.060 49.347 2022 Otherfvndraislng INVEStMENf INCOME Deposlt attount Interest 41 31 RAISING FUNDS Rai5in8donationsand le8acles 2022 Acfvertisingand fundraisir 216 913 CHARITABLE ACTivmES cosrs Direlt Costs (see re 7) Suppo costs {see note 81 Totsls (haritabie aCfveS 47.757 55.251 DIREC05rS OF CHARrrABLE AE$ 2022 47.757 51587 Pa8e 12
ments- SUPPORT COSTS Govemance nan Totsis Charitable attlvtlles 116 Support cosis. included Inthe aly ¥e follo. Managemen¢ 2022 Charttable actMtie% attmties Rent In5urarKe Telephone A(fvertising SLJndries Subscriptio¥ Bookkeewng and payroll Recruttment costs Oepreciation on fiXtuarj ffttir 782 1110 7x2 547 191 42D 1112 532 148 156 13556 Fknance 2022 Totsl athlues Charftabfe athwties Bankcharges 47 2022 Total actMtie5 Charitable Attountancy 1160 1.902 116 1,902 FEES PAYABLE TO INDEPENDENT£XAMINfR 2022 Independent examlnation Other Fees 1.680 Ilf 1.902 Page 13
ial Statem 10 Nrt INCOMEIIEXPENDrwpEI Net lftcomelle%peThJiturel issrated after cts3rgingl(cred 2022 Deweci&ion- ovmed assets 532 11 TRiisfES REMUNERATION AMD BENEFIts There re no trustee¥ remuneration or other beneffts for the year ended 31 December20Z3 nor for the yeareThJed31 December 2022. The no twstees. e¥pertses paid fLY the yw Ermfed 31 Detember2023 nor frjr the year ended 31 Decemtsor 2021 12 AFF COSTS X+23 2022 Wages and salarie5 Social securty costs Other pension cosrs 48.919 1512 1,156 1.148 51,587 The averagÈmonthty nutnLv of empk)yee5 durIngther was as foll( 2022 Marytnentand administration No employee5 recew emduments In eXC50f£fI).LyXl. 13 TANGIBLE FIXED ASSErs fixtures ark fithngs Computer equipment Totals COST At l jUary2o23 and 31 Dernber 2023 4.1(Kl 4.381 DEPRECIATION At 1 Janwry2023 Charge foryear 1538 I19 571 At 31 Deiember2023 1109 3390 BOOKVALUE At 31 December2023 991 At31 December2022 1562 1.562 Page 14
14 DEBTOR&.AmOurrs FALLW6 DUEIThIN ONEYEAR Prepaymerts and (rUed income 1518 15 cREDITO.All0vl5 FALLWG DUEwmiiN ONEYEAR Sooal security arKI otherts Other (redftors Accrualsand deferred Income 4158 1,494 211 1399 1159 4104 16 MOVEMENf IN FUNDS Net At 31.1123 At 1.123 In ftmts Unrestrlcted funds General fund Desl8nated fund 11 (4.901) 111y8 5.16B 168 121.617 Restrlcted fvnd5 Trinity House 14.901) 11&n6 3A36 TOTAL FUNDS 125h53 14,901) 120J52 Net movementln fvnds Included in tt* alJ)¥eare as follo Incomlr Resourc& Movement ended in furÉds Unrestrkted funds Gerwal fiJnd {49M) TOTAL FUNDS (55A67) (4.901) The Funds r1Ve from Trfntty House are to cover rhe salary costs. tsènsrKJrt and overhead5 to create and de1erwrtUal careerexperience& The designated fijnds are Lted to a hard5hio grant for studert% frorn George Lfft fr)undation. Funds will be drawn from ¢hJsvknen studerts wuire hardship fvrmts. 17 RELATED PARTY DJSCLOSURES In the yearthere dortavws of £35.IXNJ (2021. 7.1J&)j receNed from PD Ports of Yknith tsijstee J Hopkinson 15 a150 a director. There were donations of £%(UI Q021" £NIL) recelved from Casper Shipping Limited of whith trustse Shakesheff is also a director. Page15
naal 2022 INCOME AND ENDOWMENTS Dona05 and le¥ad•s Donadons Brixjkfeld 525 21287 27.060 SOJ25 Othertradingactlvtties Otherfundraising 49347 Investment lttcom Deptst account Interest 41 31 Tt)tal thcoming resourc•s 50J66 50.663 EXPENDITURE Ra151nsdonatlorts and legafies Athtrtrsingand fvndratsing 216 913 Charltable actl¥ltles Wages Soual securlty Pension5 48.919 1.512 1.156 1.148 47.757 Supportcosts kqanag•m•nt 51587 Iurale YeOne AdvertisÉng Sundrles SubslPt1Ons Bookkeeping and payroll RecTUitment costs CnEJtereqUiPrnent 782 1.080 7252 547 191 420 156 532 Financ• Bank chatEes 11.444 47 Accountsn Professlonal fees 1.902 1112 1160 4014 Totsl resour eXpete 55A67 68.005 Netwonditi 149011 1173421 Thls p38e dcEs notf(fft) partofthe sktuwryflnantial #atonents Page 16