TIDES Training and Consultancy
Company Limited by Guarantea
Independent Auditor's Report to the Members of TIDES Training and
Consultsncy
Year ended 31 March 2024
Opinion
Vve have audited the financial statements of TIDES Training and Consultancy (the 'charity') for the year
ended 31 March 2024 which comprise the statement of financial activities (including income and
expenditure account), ststement of financial position, statement of cash flows and the related notes,
including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS
102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally AC￿pted Accounting Practice).
In our opinion the fi'nancial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.,
have been prepared in accordance with the requirements of the Companies Act 2006.
Bas18 for opinlon
We conducted our audit in accordance with Internats'onal Stsndards on Audits'ng (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial
ststements in the UK, including the FRC'S Ethical Stsndard, and the provisions available for small
entities, in the circumstances set out in note 23 to the financial statements, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit evidence
we have obtsined is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to
continue as a going.concern for a period of at least ￿e1ve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described
in the relevant sections of this report.

TIDES Training and Consultancy
Company Limited by Guarantee
Independent Auditor's Report to the Members of TIDES Training and
Consultsncy (contlnued)
Year ended 31 March 2024
Other Information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If
we identify such material inconsistencies or apparent material rnisstatements, we are required to
determine whether there is a material misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on othor matter8 prescrlbed by the Companios Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report for the financial year for which the financial statements
are prepared is consistent with the financial statements., and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by excoptlon
In the light of the knowledge and understanding of the charity and its environment obtained in the course
of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the infomation and explanations we require for our audit. or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
directors, report and from the reqU1￿ment to prepare a strategic report.
10

TIDES Training and Consultsncy
Company Limited by Guarantee
Independant Auditor's Report to the Members of TIDES Training and
Consultancy (Continu￿)
Year ended 31 March 2024
Responsibilities of trustees
As explained rn0￿ fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible forthe preparation of the financial statements
and for being satisfied that they give a true and fair view, and for such internal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
conts'nue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Audltor's respon8ibilltles for the audlt of th• flnancial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
prO￿dureS in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
Irregularities, including fraud is detailed below:
We discussed laws and regulations and fraud risks with the client during our audit procedures. The
company must comply with the Companies Act 2006 and prepare financial statements and give a true
and fair view in accordance with the Act and supplementary regulations. The directors consider that
fraud is most likely to involve the misappropriation of expenditure and controls have been implemented
around the authorisation of expenditure.
Our engagement team collectively had appropriate experience of applicable laws and regulations and
competence to recognise non-compliance. Audit pr(xedures were planned and perft)rmed to assess
the authorisation of expenditure we used checklist in evaluating the presentation, structure, and content
of the financial statements. We consider that our audit has a reasonable chance of detecting material
noncompliance with laws and regulations. We remain mindful that fraud, by its very nature, may be be
diffi'cult to detect and that cash may be misappropriated before it is entered into the accounting records
of the company. We tested controls in place for cash income and undertook analytical procedures to
identify trends that might indicate misappropriation of income. We consider that our audit has
reasonable chance of detecting a material fraud in this area.
11

TIDES Training and Consultancy
Company Limited by Guarantee
Independent Auditor's Report to the Members of TIDES Training and
Consultancy (Continued)
Year ended 31 March 2024
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also-.
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevantto the audit in order to design audlt procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the charity's ability to continue as a going concern.
If we Conclude that a material uncertainty exists, we are required to draw attention in our auditor's
report to the related disclosures in the financial statements or, if such disclosures are inadequate,
to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of
our auditor's report. However, future events or conditions may cause the charity to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements. including the
disclosures, and whetherthe financial statements representthe underlying transactions and events
in a manner that achieves fair presentation.
12

TIDES Training and Consultancy
Company Limited by Guarantse
Independent Auditor's Report to the Members of TIDES Training and
Consultsncy (contlnued)
Year ended 31 March 2024
Vve communicate with those charged with governan￿ ￿garding. among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
intemal control that we identify during our audit.
Use of our report
This report is made solely to the charity's members, as a body, in accordan￿ with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's
members those matters we are required to state to them in an auditorfs report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
the charity and the charity's members as a body, for our audit work, for this report, or for the opinions
we have formed.
Paul Leathem (FCA) (Senior Statutory Auditor)
For and on behalf of
Muir & Addy
Chartered accountants & statutory auditor
427 Holywood Road
Belfast
BT4 2LT
26 November 2024
13