TIDES Training and Consultsncy
Company Limitsd by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year anded 31 March 2025
2025
Restricted
funds Total funds Total funds
2024
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
146,664
146,664
107,142
845
107,482
119,909
466
107,142
Total incomè
107,987
146,664
254,651
227,857
Expenditure
Expenditure on charitsble activities
Totsl expendlture
128,273
152,390
280,663
240,412
128,273
152,390
280,663
240,412
Net expenditure
(20,286)
(5,726)
(26,012)
(12,555)
Transfers be￿een funds
1,693
{1,6931
Net movement In fundg
{18,593)
(7,419)
(26,012>
(12,555)
Reconcillatlon of funds
Total funds brought forward
Totsl funds carrled forward
500,569
19,104
11,685
519,673
493,661
532,228
519,673
481,976
The st8tement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notss on pages 18 to 28 form part of these financial ststsrnents.
15

TIDES Training and Consultancy
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
Investments
14
1S
2,747
5,494
2,748
5,495
Current assets
Debtors
Cash at bank and in hand
16
65,430
436,577
35,983
493,904
502,007
529,887
Credltors: amounts falling due within one year
Net current assets
17
11,094
15,709
490,913
514,178
519,673
519,673
Total assets less current liabilltles
493,661
493,661
Net assets
Funds of the charity
Restricted funds
Unrestricted funds
11,685
481,976
19,104
500,569
Total charlty fund8
19
493,661
519,673
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 2
December 2025, and are signed on behalf of the board by:
4fy
Ms G Hamilton
Trustee
Dr E Stanton
Trustee
The notes on pages 18 to 28 form part of these fjnancial statements.
16

TIDES Training and Consultancy
Company Limitsd by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flows from operatlng actlvities
Net expenditure
(26,012}
(12,555)
Adjustments for..
Dep￿CiatIon of tangible fixed assets
Other interest receivable and similar income
Accrued (income}lexpenses
2,747
1845)
(12,924)
2,950
(466)
79,378
Changes in..
Trade and other debtors
Trade and other creditors
(20,523)
(615)
(58,172)
122,885
{46,613)
145,579
Cash generated from operations
Interest received
845
466
Net cash (used in)Ifrom operating actlvities
(57,327)
146,045
Net (decrease)lincrease in cash and cash equivalents
Cash and cash equlvalents at beginning of year
Cash and cash equlvalents at end of year
{57,327)
493,904
146,045
347,859
436,577
493,904
The notes on pages 18 to 28 forni part of these flnanclal statements.
17

TIDES Training and Consultancy
Company Limited by Guarantee
Notss to the Financial Statements
Year ended 31 March 2025
General Information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a ￿gIStered charity in Northem Ireland. The address of the registered office
is Duncairn Complex, Duncairn Avenue, Belfast, Co. Antrim, BT14 6BP.
Statement of compliance
These financial ststements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ire12nd', 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 pollcles
Basis of preparation
The financial statements have been prepared on the historical c05t 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 statements are prepared in sterling, which is the functional currency of the entity-
Going concern
The Trustees have considered the going concern status of the charity and at the time of approving
the fi'nancial 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.
Judgement8 and key sources of estimation 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 accountlng
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 restriction5 on theirexpenditure declared by the donor or through
the terms of an appeal, and fall into one of sub-classes.. restricted income funds or endowment
funds.
18

TIDES Training and Consultancy
Company Limitsd by Guarante8
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2025
Accounting policies (contlnued)
Incoming resourcos
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 estsblished.
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 Ihe cost to the donor
or the ests'mated 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
contributs'on 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 unle55 there is a contractual
requirement for it to be spent on a particular purpose and retumed if unspent, in which case
it may be regarded as restricted.
Resources exponded
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 of financial
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 charitsble activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitsble
activities.
otherexpenditure includes all expenditure that is neither related to raising funds for the charity
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 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 inits'ally recorded at cost, and subsequently stated at cost les5 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.
19

TIDES Training and Consultancy
Company Limitsd by Guarantse
Notss to the Financial Statements (conllnued)
Year ended 31 March 2025
Accountlng policies fcontlnuod)
Tangible assets (c¢)ntlnuedJ
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 fi'nancial activities. A decrease in the carrying
amount of an asset as a result of revaluation, 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 financial activities.
Depreclation
Depreciation is calculated so as to write off the cost or valuats'on of an asset, less its residual value,
over the useful economic life of that asset as follows..
Fixtures and fittings
Computer Equipment
25°/o Straight line
25 /0 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.
Investments In a8soclate8
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 the cost model will be adopted.
Dividends and other distributions re￿iVed 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 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. At each reporting date, the investments are measured at
fairvalue, with changes in fairvalue taken through income orexpenditure. Where it is impracticable
to measure fair value reliably the cost model will be adopted.
20

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements {continuedJ
Year ended 31 March 2025
Accounting policies (continued)
Investments in jolnt ventures (conflnued)
Dividends and other distributions re￿iVed from the investment a￿ 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.
lrnpalrment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with 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 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 lo each of the cash-generating units that are expected to benefi't from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Flnancial 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 otherconsideration
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 investment 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 initially recognised at fair value, unless
payment for an asset is deferred beyond normal business temis 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.
Otherfinancial instruments are subsequently measured at fair value, with any changes recognised
in the statement of financial activities, with the ex￿ptIOn of hedging instruments in a designated
hedging relationship.
21

TIDES Training and Consultsncy
Company Limitsd by Guarantee
Notes to tha Financial Statements (conllnued)
Year ended 31 March 2025
Accounting policies (continued)
Financial instruments fcontlnuod)
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.
Deflned contrlbutlon plan8
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 future payments or a cash refund.
Ilvhen 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 8s an expense in the
period in which it arises.
Llmlted by guarantèo
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 themselves, such amount as many be required not
exceeding one pound (£1.00)
22

TIDES Training and Consultsncy
Company Limited by Guarantee
Notes to the Financial Statements (￿illnued)
Year ended 31 March 2025
Donatlons and legacies
Restricted Total Funds
Funds
2025
Restricted Total Funds
Funds
2024
Grants
Community Relations Council
South West College - Youthscape
Department of Foreign Affairs & Trade
Cyprus
Department of Foreign Affairs & Trade
Elevate Program
Department of Communities- Jobstart
45,007
38,405
45,007
38,405
46,007
46,007
11,639
11,639
50,521
12,731
146,664
50,521
12,731
49,836
49,836
146,664
107,482
107,482
Charitable activitie8
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Training & Mediation
107,142
107,142
119,909
119,909
Investmant Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Bank Inte￿St receivable
845
466
466
Expendlturo on charitable actlvftles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Direct costs
Support costs
120,603
7,870
152,390
272,993
7,670
128,273
152,390
280,663
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Direct costs
Support costs
127,365
7,840
135,205
105,207
232,572
7,840
105,207
240,412
23

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements Icontinued)
Year ended 31 March 2025
Analysis of support costs
Dep￿CiatIon Total 2025 Total 2024
Finan￿ costs
Support costs
123
2,747
123
2,747
go
2,950
3,040
2,870
2,870
10. Net expendltur6
Net expenditure is stated after chargingl{crediting):
2025
2024
Depreciats'on of tangible fixed assets
2,747
2,950
11. Auditors remuneratlon
2025
2024
Fees payable for the audit of the financial statements
4,800
4,800
12. Staff costs
The total staff costs and employee benefits ft)r the reporting period are analysed as follows-.
2025
2024
Wages and salaries
Social security costs
Employer contributions to pension plans
187,014
12,312
3,649
202,975
152,912
9,292
3,115
165,319
The average head count of employees during the year was 8 (2024.. 6). The average number of
full-ts'me equivalent employees during the year is analysed as follows..
2025
No.
2024
No.
Number of staff - type 1
No employee received employee benefits of more than £60,000 during the year12024.' Nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning,
directing and controlling the activities of the charity. The total compensation paid to key
management personnel for services provided to the charity was £45,337 (2024.. £45,091).

TIDES Training and Consultancy
Company Limited by Guarantee
Notss to the Financial Ststements (contlnued)
Year ended 31 March 2025
13. Trustee remuneration 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 (2024 - Nil)
There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended
31 March 2024.
14. Tangible fixod assets
Fixtures and
fittings
Equipment
Total
Cost
At 1 Aprll 2024 and 31 March 2025
D•preciatlon
At 1 April 2024
Charge ft)r the year
At 31 March 2025
5,568
31,626
37,194
5,568
26,132
2,747
31,700
2,747
34,447
5,568
28,879
Carrylng amount
At 31 March 2025
2,747
5,494
2,747
At 31 March 2024
5,494
15. Inv08tments
There were no investment assets outside the UK
The company's investment as the balance sheet date in the share capltal ofthe companies include
the following..
Tides Trading Services Limited
Registered Offi￿.. Duncairn Complex, Duncairn Avenue, Belfast, BT14 6BP Nature of busine5S:
Dormant
Class of share..
Ordinary
Holding.
1000/0
2025
2024
Aggregate capital and reserves
16. Debtors
2025
2024
Trade debtors
Prepayments and accrued income
26,165
39,265
5,642
30,341
65,430
35,983
25

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
17. Credltors: amounts falling due within one year
2025
2024
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
2,740
4,000
4,206
148
4.553
8,000
3,224
(68)
15.709
11,094
18. Penslons and other post retirement beneffts
Deflned contrlbution plan8
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £3,649 (2024.. £3,115}.
At the year end an amount totalling £947 was outstsnding to be paid (2024.. £731).
19. Analysls of charltable funds
Unre8trlcted funds
At
31 March
2025
At
1 April 2024
Income Expenditure
Transfers
General funds
Internal Development
479,229
21,340
500,569
107,987
(128,273)
1,693
460,636
21,340
481,976
107,987
(128,2731
1,693
At
31 March
2024
At
1 April 2023
Income Expenditure
Transfers
General funds
Internal Development
490,399
25,000
120,375
(131,545)
(3,6601
(135,205)
479,229
21,340
515,399
120,375
500,569
Internal Development
These funds £25,000 represent unrestricted income deemed to be available to the Board for
designated expenditure incurred as part of the oper8ts.onal and strategic review, investment in
reSoUr￿S and internal development initiatives, some of which were not practically possible to
schedule until post year end March 2021.
26

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statsments (conllnued)
Year ended 31 March 2025
19. Analysis of charitable funds (continued)
Restricted funds
At
31 March
2025
At
1 April 2024
Income Expenditure
Transfers
Community Relations
Council
South West College -
Youthscape
Department of Foreign
Affairs & Trade- Cyprus
Department of Foreign
Affairs & Trade -
Strategic Partners
Department of
Communities - Job Start
45,007
(45.007)
38,405
(38,405)
1,693
(1,893)
17,411
50.521
(56,247)
11,685
12,731
(12,731)
(152,390)
19,104
146,664
(1,693)
11,685
At
31 March
2024
At
1 April 2023
Income Expenditure
Transfers
Community Relations
Council
South INest College -
Youthscape
Department of Foreign
Affairs & Trade - Cyprus
Department of Foreign
Affairs & Trade-
Strategic Partners
Department of
Communities - Job Start
46,007
(46,007)
10,120
11,639
(20,066)
1,693
6,709
49,836
(39,134)
17,411
16,829
107,482
(105,207)
19,104
27

TIDES Training and Consultancy
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
20. Analysls of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Investments
Net Current assets
2,747
2,747
479,228
481,976
11,685
490.913
Net assets
11,685
493,661
un￿StrICted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Investments
Net Current assets
5,494
5,494
495,074
500,569
19,104
19,104
514,178
519,673
Net assets
21. Analysi8 of changes In net debt
At
At 1 Apr 2024 Cash flows 31 Mar 2025
Cash at bank and in hand
493,904
157,327)
436,577
22. Related partles
There were no related paty transactions for the year ended 31 March 2025
23. Ethical Standards
In common with many other businesses of our size and nature our auditors assist the charity to
p￿pare and submit returns to the tax authorities and assist with the preparation of the financial
statements.
28