TIDES Training and Consultancy
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted
funds Total funds Total funds
2022
Unrestricted
funds
Note
Income and endowmonts
Donations and legacies
Charitable activities
116,032
116.032
373.173
258,481
256,454
373,173
ToLI1 Income
373,173
116,032
489,205
514,935
Expendlture
Expenditure on charitable activitles
Total expendlture
329.457
110,447
439,904
430.135
329,457
110,447
439,904
430,135
Net Incom•
43,716
5,585
49,301
84,800
Transfers between funds
9,535
(9.535)
Net movement in funds
53,251
(3.950)
49,301
84,800
Reconclllation of funds
Totsl funds brought forward
Total funds carrlod forward
462,148
20,779
482,927
398.127
515,399
16,829
532,228
482,927
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 17 to 28 form part of those financlal sLthments.
14

TIDES Training and Consultancy
Company Limited by Guarantee
Statement of Financial PositioD
31 March 2023
2023
2022
Fixed assets
Tangible fixed assets
Investments
13
14
8.444
409
8,445
410
Current assets
Debtors
Cash at bank and in hand
15
234,922
347,859
582.781
280,258
223,918
504,176
Credftor8: amounts falling due withln one year
Net current assets
16
58,998
21,659
523,783
482,517
Total assets less current Ilabllitles
532,228
532,228
482,927
Net assets
482,927
Funds of the charlty
Restricted funds
Unrestricted funds
16,829
515.399
20,779
462,148
Total charlty funds
19
532,228
482,927
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 26
September 2023, and are signed on behalf of the board by:
Ms Swanston
Trustee
Mr Clarke
Trustee
The notes on page5 17 to 28 forrn part of these financial statements.
15

TIDES Training and Consultancy
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2023
2023
2022
Cash flows from operating activitie8
Net income
49,301
84.800
Adjustments for."
Depreciation of tangible fixed assets
Accrued expenses
2,951
50,171
205
119,235
Changes in..
Trade and other debtors
Trade and other creditors
(4,831)
37,335
(40.438)
{54,692}
10g.110
Cash generated from operations
Net cash from operating activities
134.927
134,927
109,110
Cash flows from Investing activitie3
Purchase of tangible assets
Net cash used in investing activities
(10.986)
(10,986)
Net Increase In cash and cash equivalents
Cash and cash equlvalents at beginnlng of year
Cash and cash equivalents at end of year
123,941
223,918
109,110
114,808
347,859
223,918
The notes on pages 17 to 28 form part of these financial statemonts.
16

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
General information
The charity is a public benefit entity and a private company limited by guaranlee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is Duncairn Complex, Duncairn Avenue, Belfast. Co. Antrim, BT14 6BP.
Statèment of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with Ihe
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP {FRS 102)) and the Companies Act 2006.
A¢counting policies
Basis of preparatlon
The financial statements have been prepared on the historical cost basis. as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statemenls are prepared in sterling, which is the functional currency of the entity.
Golng concern
The Trustees have considered the going concern status of the charity in light of COVID-19 and at
the time of approving the financial statements the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future.
Thus, trustees continue to adopt the going concern basis of accountlng in preparing the financial
statements.
Judgements and key 80urces of estimatlon uncertalnty
The preparation of the financial statements requlres management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, Including expectations of
future events that are believed to be reasonable under the circumstsnces.
Forolgn currencles
Foreign currency transactions are inltially recorded in the functional currency, by spplying the spot
exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in
foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains
or losses being taken to the statement of financial activities.
17

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
Accounting pollcie8 (contlnued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of two sub-classes: reslricted Irb¢ome funds or endowment
funds.
Incoming resourcos
All incoming reSoUr￿S are Included in the statement of financial activities when entitlement has
passed to the charity,. rt is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be rellably measured. The following specrfic policies are
applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured al the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in Ihe accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services Is recognised with the delivery of the
contracted service. This is classrfied as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
Accountlng policies {continuedJ
Resources expended
Expenditure is recognised on an accwals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the ststement offinancial
activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activitles. events. non-
charitable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities thal further its charitable aims for the benefit of its beneficiaries, Including those
support costs and cost5 relating to the governanGe of the charity apportioned to charitsble
activities.
other expenditure includes all expenditure that is neither related to raising funds for the charlty
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned
beiween the activities they contribute to on a reasonable, justifiable and consislent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses. Any tsngible assets carried at revalued amounts are recorded
at the fair value at the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carying
amount of an asset as a result of revalualion, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financlal activities.
Depreclation
Depreciation is calculated so as to wrile off the cost or valuation of an asset, less Its residu81 value,
over the useful economic life of thal assel as follows..
Fixtures and fittings
Computer Equipment
250/0 on cost
25 /0 - on cost
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value.
If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.
19

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
Accountbng policies (continued)
Investments in associatos
Investments in associates accounted for in accordance with the cost model are recorded at cost
less any accumulaled impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially
recorded at the transaction price. At each reporting date, the investments are measured at fair
value, with changes in fair value laken through income or expenditure. Where it is irnpracticable to
measure fair value reliably without undue Gost or effort, the cost model will be adopted.
Dlvidends and other distributions received from the investment are recognised as income wlthout
regard to whether the distributions are from accumulated profits of the associate arising before or
after the date of acquisition.
Investments In Jolnt ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are
recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in accordance with the fair value model are
initially recorded at the transaction price. Al each reporting date, the investments are measured at
fairvalue. with changes in fair value taken through income or expenditure. Where it is impraclicable
to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the joint venture arising before
or after the date of acquisilion.
Impalrnient of fixed assets
A review for indicators of impairment is carried out at each reporting date, wilh the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amounl of the cash-generating unit
to which the a5sel belongs. The Gash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash inflows that largely independent of the cash inflows
from other asset5 or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date. allocated lo each of the cash-generating units that are expected to benefit from
the synergies of the cofflbination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
20

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting policies {continugd)
Financlal instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be pald or received and not discounted.
Debt Instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expendllure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, Including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
Ihat Is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value. with any changes recognised
in the statement of financial activities. with the exception of hedging instruments in a designated
hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting dale. If there is objective evidence of impairmenl, an
impairment loss is recognlsed under the appropriate heading in the statement of financial activities
in which the initial gain was recognlsed.
For all equity instruments regardless of signrficance, and other financlal assets that are individually
significant, these are assessed individually for impairment. Other financial assets are either
assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, lo the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carying amount would
have been had the impaimient not previously been recognised.
D•flned contributlon plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service Is provided. Prepaid contributions are recognised as an asset lo the extent that
the prepayment will lead to a reduction in future payments or a cash refund.
21

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statsmants {conllnued)
Year ended 31 March 2023
Accountlng pollcies (contlnuedj
Deflned contribution plans {contlnufjdJ
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, Ihe liability is measured on a
dlscounted present value basis. The unwinding of the discount is recognised as an expense in the
period in which it arises.
Limited by guarantee
The liability of the member is limited. Every member of TIDES undertakes to contribute to the
assets of TIDES, in the event of the same being wound up while in membership or within one year
afterwards, for payment of the debts and liabilities of TIDES contracting before ceasing to be a
member, and of the costs. charges and expenses of winding up the same, and for the adjustment
of the rights of the contributories amongst Ihemselves, such amount as many be required not
exceeding one pound (£1.00)
Donatlons and l•gacle8
Restricted Total Funds
Funds
2023
Restrlcted Total Funds
Funds
2022
Grants
Community Relations Council
South West College
BYfES (EU Funding Peace IV)
Department of Foreign Affairs - Cyprus
Department of Foreign Affairs -
Elevate Program
56.027
27.955
56,027
27,955
56,034
104,269
86,933
11,245
56,034
104,269
86,933
11,245
10.154
10.154
21,896
21.896
116,032
116,032
258,481
258,481
Charitable activlties
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Training & Mediation
373,173
373,173
256,454
256,454
22

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
Expenditure on charltable actlvities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Direct costs
Support costs
321,356
8,101
110,447
431,803
8,101
439,904
329,457
110,447
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Direct costs
Support costs
172,777
1,420
255,938
428,715
1.420
174,197
255,938
430,135
Analysis of support CO8ts
Support
cosls
Total 2023 Total 2022
Flnance costs
Support costs - Depreciation
140
2,951
140
2,951
3,091
105
205
3,091
310
Net income
Net income is stated after chargingl(crediting):
2023
2022
Depreciation of tangible fixed assets
Foreign exchange dTfferences
2,951
205
2,094
10. Audltors remun•ratlon
2023
2022
Fees payable for the audit of the financial statements
4,800
4,800
23

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2023
2022
Wages and salaries
Social security costs
Employer contributions to pension plans
225.603
16,319
3.202
295,418
20,739
4.424
245,124
320,581
Redundancy Payments
Total payments made during the year in relation to redundancy pay were £38,019 (2022: £3,335).
The accounting policy is lo recognise termination payment liability on communication of intention
to pay and when quantrfiable. Such payments are accounted for as staff costs.
The average head count of employees during the year was 10 (2022: 15).
No employee received employee benefits of more than £60,000 during the year (2022.. Nil).
Key Management Personnel
Key managemeni personnel include all persons that have authority and responslbility for planning,
directing and controlling the activilies of the charity. The total compensation paid to key
management personnel for servlces provided to the charity was £77.306 (2022: £73,243).
12. Trustee remuneration and expenses
No members of the Board of Trustee re￿iVed remuneration during the year. No trustee or other
person related to the Charity has any personal interest in any contraci or transaction entered into
by the Charity during the year (2022 - Nil)
There were no trustees, expenses paid for the year ended 31 March 2023 nor for the year ended
31 March 2022.
24

TIDES Training and Consultancy
Company Limited by Guarantee
Notas to the Flnancial Statements {contlnued)
Year ended 31 March 2023
13. Tangible flxed assets
Fixtures and
fittings
Equipment
Total
Cost
At 1 April 2022
Additions
5.588
20,640
10,986
26,208
10,986
At 31 March 2023
5,568
31,626
37,194
Depreclation
At 1 April 2022
Charge for the year
At 31 March 2023
5.568
20,231
2,951
25,799
2,951
5,568
23.182
28,750
Carrylng amount
At 31 March 2023
8,444
8,444
At 31 March 2022
409
409
14. Investments
There were no investment assets outside the UK
The company's investment as the balance sheet date in the share capltal of the companies indude
the following:
Tides Trading Services Limited
Registered office.. Duncairn Complex, Duncairn Avenue, Belfast, BT14 68P Nature of business:
Dormant
Class of share..
Ordinary
Holding
100/0
2023
2022
Aggregate capital and reserves
15. Debtors
2023
2022
Trade debtors
Prepayments and accrued income
126,020
108,902
234,922
123,696
156,562
280,258
25

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
16. Creditors: amounts falllng due within one year
2023
2022
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
8,635
4,676
9,572
36,115
58.998
9,795
4,672
6,953
239
21,659
17. Ooforred income
2023
2022
At 1 April 2022
Amount released to income
55,507
(55,507)
At 31 March 2023
18. Pensions and other post retirement beneflts
Defined contrlbutlon plans
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £3.202 (2022: £4,424).
At the year end an amount totalling £607 was outstanding to be paid (2022.. £1,121).
19. Analysis of charltable funds
Unrestricted funds
At
31 March
2023
At
1 April 2022
Income Expenditure
Transfers
General funds
Internal Development
437,148
25,000
373,173
(329,457)
9,535
490,399
25,000
462,148
373,173
(329.457)
9,535
515,399
At
31 March
2022
At
1 April 2021
Income Expenditure
Transfers
General funds
Internal Development
369,267
256,454
(174,197)
(14,376)
25,000
437,148
25,000
462,148
369,267
256,454
(174,197)
10,624
26

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
19. Analysls of charitable funds (continued)
Intemal Development
These funds £25.000 represent unrestricted income deemed to be available to the Board for
designated expenditure incurred as part of the operational and strategic review, investment in
resources and internal development initiatives. some of which were not practically possible to
schedule until post year end March 2021.
R6Strlcted fund8
At
31 March
2023
At
1 April 2022
Income Expenditure
Transfers
Community Relations
Council
Housing Association
Integraled Project
South West College
Byies
Department of Foreign
Affairs - Brexit
Department of Foreign
Affairs - Cyprus
Extern
Department of Foreign
Affairs - Strategic
Partners
18
56,027
(56,026)
(19)
5.634
3,880
27,955
(27,955)
(5,634)
(3,880)
(2)
11,245
10,154
(11,279)
10,120
21,896
(15,187)
(110,447)
6,709
16,829
20.779
116.032
(9,535)
At
31 March
2022
At
1 April 2021
Income Expenditure
Transfers
Community Relations
Council
Housing Association
Integrated Project
South West College
Bytes
Department of Foreign
Affairs - Brexit
Department of Foreign
Affairs - Cyprus
Extern
Department of Foreign
Affairs - Strategic
Partners
56.034
{56.016)
18
1,247
5,634
3,880
(1,247)
104,269
86,933
(104.269)
(86,933)
5,634
3,880
8,722
{8,720)
11.245
11.245
9.377
{9,377)
28.860
258,481
(255,938)
(10,624)
20,779
27

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
20. Analysis of n•t assots between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current assets
8,444
8,444
506,954
16,829
523,783
532,228
Net assets
515,399
16,829
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Investment5
Current assets
409
409
461,738
462,148
20,779
20,779
482.517
482.927
Net assets
21. Analysls of changes In net debt
At
At 1 Apr 2022 Cash flows 31 Mar 2023
123,941
347,859
Cash at bank and in hand
223,918
22. Related partles
There were no related party Iransactions for the year ended 31 March 2023
23. Ethlcal Standards
In common with many other businesses of our size and nature our auditors assist the charity to
prepare and submit returns to the tax authorities and assist with the preparation of the financial
statements.
28