RISING TIDE TRUST
Rising Tide is a music education and industry linked development charity, working with local people to raise aspirations and employment opportunities in the music and related industries. By using music, Rising Tide offers quality workshops to the community that re engage excluded young people and those deemed socially excluded.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds stood at £3,506, which the Trustees acknowledge is below desired levels, though they express confidence in managing this through diverse funding streams. The charity reported a net movement in funds of -£1,010 for the year, resulting in a total net asset position of £3,506. The Trustees confirm the financial statements comply with applicable laws and SORP 2015.
What the accounts disclose
“The Trustees are aware that the charities funds are below the desired levels, but this can be managed and eventually grow the reserves to the desired levels” — page 14
“The Trustees are aware that the charities funds are below the desired levels, but this can be managed and eventually grow the reserves to the desired levels, This will be achieved by continuing to apply to traditional funding pots whilst seeking more diverse funding streams such as corporate CSR funds and crowd funding opportunities.” — page 14
Trustees
- Akhun Ahmun
- Franklyn Irving SWEENEY
- Jake Benjamin FERGUSON
- Jay Davidson
- Kimberley Louisa GODDARD
- Melisha Sonia Nanette JOHN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £90k | £88k |
| 31/03/2024 | £18k | £18k |
| 31/03/2023 | £35k | £34k |
| 31/03/2022 | £20k | £15k |
| 31/03/2021 | £11k | £10k |
Common questions
Is RISING TIDE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds stood at £3,506, which the Trustees acknowledge is below desired levels, though they express confidence in managing this through diverse funding streams. The charity reported a net movement in funds of -£1,010 for the year, resulting in a total net asset position of £3,506. The Trustees confirm the financial statements comply with applicable laws and SORP 2015. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 04/02/2020 | £993 | Hackney Voice Podcast |