TIDES Training and Consultancy
Company Limited by Guarantee
Statsment of Financial Activities
(including income and expenditure account)
Yearended 31 March 2024
2024
Restricted
funds Total funds
2023
Unrestricted
funds
Total funds
Income and endowments
Donations and legacies
Charitable activities
Investment income
107,482
107,482
119,909
466
116,032
373,173
119,909
466
Total Income
120,375
107,482
227,857
489,205
Expendlture
Expenditure on charitable activities
Total expendlture
135,205
105,207
105,207
240,412
240,412
439,904
439,904
135,205
Net lexpendlture)Ilncome and not
movement In funds
{14,830)
2,275
(12,555)
49,301
Reconclllatlon of funds
Total funds brought fO￿ard
Total funds carrlod forward
515,399
16,829
532,228
482,927
532,228
500,569
19,104
519,673
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 27 forni part of those financial statements.
14

TIDES Training and Consultancy
Company Limited by Guarantee
ststement of Financial Position
31 March 2024
2024
2023
Nots
Flxed assets
Tangible fixed assets
Investments
14
15
5,494
8,444
5,495
8,445
Current assets
Debtors
Cash at bank and in hand
16
35,983
493,904
529,887
234,922
347,859
582,781
Credltors: amounts falllng due wlthin one y•ar
Net current a85ets
17
15,709
58,998
523,783
514,178
519,673
Total assets le88 current Ilabilities
532,228
Net assets
519,673
532,228
Fund8 of the charlty
Restricted funds
Unrestricted funds
19,104
500,569
16,829
515,399
532,228
Totsl charlty funds
19
519,673
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These finanaal statements We￿ approved by the board of trustees and authorised for issue on 26
November 2024, and are signed on behalf of the board by:
Ms Gillian Hamilton
Trustee
The notes on pages 17 to 27 fomi part of these financial statements.
15

TIDES Training and Consultancy
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net (expenditurellincome
(12,555)
49,301
Adjustments for..
Depreciation of tangible fixed assets
other interest receivable and similar income
Accrued expenses
2,950
(466)
79,378
2,951
50,171
Changes in..
Trade and other debtors
Trade and other creditors
122,885
(46,613)
145,579
{4,831)
37,335
134,927
Cash generated from operations
Interest received
466
Net cash from operating activities
146,045
134,927
Cash flow8 from Investlng activltles
Purchase of tsngible assets
Net cash used in investing activities
(10,986)
(10,986)
Net Increase In cash and cash equivalents
Cash and cash equlvalents at beglnning of year
Cash and cash equivalonts at end of yoar
146,045
347,859
493,904
123,941
223,918
347,859
The notes on pages 17 to 27 fomi part of these financial statements.
16

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
Gonoral Information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is Duncaim Complex, Duncairn Avenue, Belfast, Co. Antrim, BT14 6BP.
Statement 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 the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP {FRS 102)) and the Companies Act 2006,
Accounting pollclo8
Basls of preparation
The financlal statements have been p￿Pared on the historical cost basis, as modrfied by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entty.
Going concern
The Trustees have considered the going concern status of the charity 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 accounting in preparing the financial statements.
Judgements and key sourcos of estlmatlon uncertalnty
The preparation of the financial statements requires 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 circumstances.
Fund aecountlng
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￿0 sub-classes.. restricted income funds or endowment
funds.
17

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accountlng policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity,. it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific 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 at 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 the 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 classified 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.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement offinancial
activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable actrvities includes all costs incurred by a charity in undertaking
activities that further its charrtable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditu￿ that is neither related to raising funds forthe charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditu￿ categories reflecting the use of the resource. Direct costs
attributable to a single activity are all(xated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses. Any tangible 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.
18

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting pollcles fcontlnued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gain5 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 carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
ex￿pt 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 financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuatlon of an asset, less its residual value,
over the useful economic life of that asset as follows:
Fixtures and fittings
Computer Equipment
25 % straight line
250h straight line
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.
Investment8 in a88oclates
Investments in associates accounted for in accordance with the cost model are recorded at cost
less any accumulated 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 taken through income or expenditure. Where it is impracticable 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 associate arising before or
after the date of acquisition.
Investments In Joint venture8
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 pri￿. At each reporting date, the investments are measured at
fairvalue, with changes in fair value taken through income orexpenditure. Where it is impracticable
to measure fair value reliably without undue cost or effort, the cost model will be adopted.
19

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year anded 31 March 2024
Accounting policies (continued)
Investments in jolnt ventures (continued)
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 acquisition.
Impalrnient of fixed assats
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Imiere 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 amount of the cash-generating unit
to which the asset belongs. The cash-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 assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is. from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Flnan¢ial Instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty 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 paid 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 investrnent is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are inits'ally recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that 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 fairvalue, with any changes recognised
in the statement of financial activities, with the exception of hedging instruments in a designated
hedging relationship.
20

TIDES Training and Consultsncy
Company Limitsd by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policios (continued)
Financial instruments (continued)
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial activities
in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial 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, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined 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 to the extent that
the prepayment will lead to a reduction in futu￿ payments or a cash refund.
lthen 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, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in the
period in which it arises.
Llmit•d 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 ￿aSIng to be
member, and of the costs, charges and expenses of winding up the same, and for the adjustment
of the rights of the contributories amongst themselves, such amount as many be required not
exceeding one pound {£1.00)
Donatlons and legacles
Restricted Total Funds
Funds
2024
Restricted Totsl Funds
Funds
2023
Grants
Community Relations Council
South West College
Department of Foreign Affairs - Cyprus
Department of Foreign Affairs -
Elevate Program
46,007
46,007
56,027
27,955
10,154
56,027
27,955
10,154
11,639
11,639
49,836
49,836
21,896
21,896
116,032
107,482
107,482
116,032
21

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Training & Mediation
119,909
119,909
373,173
373,173
Investment Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
466
466
Expendlture on charitable actlvitle8 by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Direct costs
Support costs
127,365
7,840
135,205
105,207
232,572
7,840
240,412
105.207
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Direct costs
Support costs
321,356
8,101
110,447
431,803
8,101
329,457
110,447
439,904
Analysls of 8UPPOrt CO8ts
Depreciation Total 2024 Total 2023
Finan￿ costs
Support costs- Depreciation
90
2,950
90
2,950
140
2,951
3,091
3,040
3,040
10. Net (expenditurelllncome
Net (expenditure)lincome is stated after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
2,950
2,951
22

TIDES Training and Consultsncy
Company Limitsd by Guarantee
Notes to the Financial Statsments (coneinued)
Year ended 31 March 2024
11. Auditors remuneration
2024
2023
Fees payable for the audit of the financial statements
4,800
4,800
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
152,912
9,292
3,115
165,319
225,603
16,319
3,202
245.124
Redundancy Payments
Total payments made during the year in relation to redundancy pay were £nil(2023.' £38,019).
The accounting policy is to recognise termination payment liability on communication of intention
to pay and when quantifiable. Such payments are accounted for as stsff costs.
The average head count of employees during the year was 6 (2023.. 10).
No employee ￿ceiVed employee benefits of more than £60,000 during the year (2023.. Nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning,
directs'ng and controlling the activities of the charity- The total compensation paid to key
management personnel for services provided to the charity was £45,091 (2023.'£77,306).
13. Trustee romuneration and expenses
No members of the Board of Trustee received remuneration during the year. No trustee or other
person related to the Charity has any personal interest in any contract or transaction entered into
by the Charity during the year (2023 - Nil)
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
23

TIDES Training and Consultancy
Company Limited by Guarantse
Notss to the Financial Statements (continued)
Year ended 31 March 2024
14. Tangiblo fixed assets
Fixtures and
fittings
Equipment
Total
Cost
At 1 April 2023 and 31 March 2024
Depreciatlon
At 1 April 2023
Charge for the year
At 31 March 2024
5,568
31,626
37,194
5,568
23,182
2,950
26,132
28,750
2,950
31,700
5,568
Carrylng amount
At 31 March 2024
5,494
5,494
8,444
At 31 March 2023
8,444
15. Investments
There were no investment assets outside the UK
The company's investment as the balance sheet date in the share capital ofthe companies include
the following..
Tides Trading SeNices Limited
Registered office.. Duncairn Complex. Duncairn Avenue, Belfast, BT14 6BP Nature of business:
Dormant
Class of share..
Ordinary
Holding
100%
2024
2023
Agg￿grate capital and reserves
16. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
5,642
30,341
35,983
126,020
108,902
234,922

TIDES Training and Consultancy
Company Limited by Guarantee
Notss to the Financial Statements (contlnued)
Year ended 31 March 2024
17. Credltors: amounts falllng due within one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
4,553
8,000
3,224
(68>
15,709
8,635
4,676
9,572
36,115
58,998
18. Penslon8 and other post retlrement benefits
Deflned contrlbutlon plans
The amount recognised in income or expenditure as an expense In relation to defined contribution
plans was £3,11512023.' £3,202).
At the year end an amount totalling £731 was outstanding to be paid (2023: £655).
19. Analysis of charltable funds
Unrestricted funds
At
31 March 20
24
At
1 April 2023
Income Expenditure
Transfers
General funds
Internal Development
490,399
25,000
515,399
120,375
(131,545)
(3,6601
(135,205)
479,229
21,340
500,569
120,375
At
31 March 20
23
At
1 April 2022
Income Expenditure
Transfers
General funds
Intemal Development
437,148
25,000
462,148
373,173
(329,457)
9,535
490,399
25.000
373,173
(329,457)
9,535
515,399
Internal 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.
25

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
19. Analysis of Charltable funds (continued)
Rostricted funds
At
31 March 20
At
1 April 2023
Income Expenditure
Transfers
Community Relations
Council
South West College
Bytes
Department of Foreign
Affairs - Brexit
Department of Foreign
Affairs - Cyprus
Department of Foreign
Affairs- Strategic
Partners
46,007
(46,0071
10,120
11,639
(20,066)
1,693
6,709
16,829
49,836
(39,134)
(105,207)
17,411
19,104
107,482
At
31 March 20
23
At
1 April 2022
Income Expenditure
Transfers
Community Relations
Council
South West College
Bytes
Department of Foreign
Affairs- Brexit
Department of Foreign
Affairs - Cyprus
Department of Foreign
Affairs - Strategic
Partners
18
5,634
3,880
56,027
27,955
(56,026)
(27,955)
(19)
(5,634)
(3,880)
(2)
11,245
10,154
{11,279)
10,120
21,896
(15,187)
(110,447)
6,709
20,779
116,032
19,535)
16,829

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statsments {conrfnued)
Year ended 31 March 2024
20. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Investments
Current assets
5,494
5,494
495,074
500,569
19,104
514,178
519,673
Not assets
19,104
Unrestrlcted
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
21. Analysis of changes In net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
347,859
146,045
493,904
22. Related partles
There were no related party transactions for the year ended 31 March 2024
23. Ethlcal standards
In common with many other businesses of our size and natu￿ our auditors assist the charity to
prepare and submit returns to the tax authorities and assist with the preparation of the financial
statements.
27