Company rewstration ttumber.. 07672155 Charsty Jygistration number: 1142897 Northwood Past Times {A company limited by guarantee) Annual Report and Finaneial Ststements forth¢ Yeu Ended 31 Au8USt 2024
Northwood Past Tlmes Contents RefeNKe artd Admirti#rnttve Ddlils 2kn4 Independent Examinees Rep)rt Slatemeni of Fin#neial Aetivitit8 Balonee Sheet Notes to the Fimncial Sthtementt 8t014
Northwood Past Tirnes Referenee and Administrative DetaiLg Trustees Winnie Woodward Gill Walton Eunice Waltt>rt Christine Ashworth Susan Rogers Pauline Mitchell Douglas Howell Anthony Thornas Mandy Machin June Sheldon Ch#rity Regi5tT81iDn Number 1142897 Ctsmp#ny Registration Yi umber 07672155 Reg[ered Offiet Oak Street NorthMKJod Stoke-on-Tret)i Staffordshire STI 2NW PriDcipAI Office 168-170 Qu¢en's Promenade Blackpool iAncashire FY2 9TN Ind¢p¢ndwt Examiner Mr C P Archer FCA Winton Bath Group Ltd 6 Ferranii Court Stsffordshire T¢¢hnology Park Stafford Staffordshir¢ ST180LQ Pwge I
Northwood Past Tirnes Trustees, Report The truses, who are directors for the purposes of compAny IE4W. presertt the annual report together with the flnancial statements and puditors, report of the ¢hgri18ble ¢grnnY for th¢ year ¢nd¢d 31 August 2024. Objectives find Aetlvltles Objecis tTKd ttlmf To provide or Sist in the provision of facilities for recreation or other l¢isure time occup&tioTh for r$On$ who have need of such fa¢ilities by reason of iheir age, infimiity or social and economic ¢ir¢umsiances. Objecllves. siMi¢gles &Jlvliles The charity's 5i8nific4nl a1vity is the operation of a no¢ for profit hotel in Blackpool for th05¢ individuils identified by its Stoted objeetive. Publlc benefit Oyr Bctivities are f¥s¢d on on achievin8 our objcctiv¢$ and aims by providing those facilities noi always readily availjble or provid by ¢ommecriAI enterprises for the public benefit. The irustees co¢)firm thai they Iiave Complied with the Tequirements of section 17 of the Charitieg Act 201 I to have due reBgrd to ih¢ public bcnefit guidance published by ilie Charity Comrnission for England and Wales. Structiire governAnet and mgTr8Kernent Na¢ure of8overnlng documeni The charity is controlled by it$ 8overning document, the mernerandurn &nd #rticl¢s of Issoeiation. and constitutes a lirnited ¢ompgny. limited by gouront¢e. as def)n¢d by thc Companies Act 2006. Arrn#gemenisforseftlng key man¢Tgemenlpers&nhel r¢munernilwi The trusttts are not remunernted for their gervi¢es. Oryanls¢7ilonqls¢ruclure The comrnittee 1$ mwaged by the committee of Lrustee5 who meet on a monthly basis. The day to day mATsagement of the Iiotel is carried oui by Mr A Thomes . the business m&na8er. The company ¢mploy5 fv11 and part time staff. Page 2
Northwood Past Times Trustees, Report Relationships with related partie5 NorthwoodDay Care Centre The chjrity is managed by iwstees of NorthwoodDay Car¢ C¢nlr¢. Th¢ day ¢are C¢Dtr¢ hps provid¢d 5UPPQrt during th¢ p¢riod by way of donations. Mujorrisks manogemellt oflhose rls*s Risk mapwgemeni The charity has identified the risks to which the charity is exwsed to ensure that appropriate controls are irt pla¢¢ to provide assurance against and error. The trustees have examined the major strategi¢. busines5 And opera¢ional risks which the charity faces and has set up systems and controls to enable regular reporting to lessen the exposure to these risk5 Statement of trustees, responsibilities The trustees (who are also the directors of Northwood Past Times for the p4Jrposes of company low) are Tesponsible for preparing the trusttts, reJx)rt and the financial ststements in accordance with E4pplicable law and United Kingdtsm Accountin8 Standards (United Kingdom Generally Aecepted Aceounting PAeticeA in¢luding FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of ITeland-. Company law Tequir¢5 the thistees to prepare financial statem¢nts for ¢Kh financial year. Under ¢ompany law the trustees must noi approve the financial staiements unl¢ss th¢y ore satisfied thai they give a true and fair view of the stsie of affaits of the charitable comparty and of the inming resources and application of resources. including Its incomE and expenditure. tsf the charitsble company for that period. preparing these financial sthiements. the trustees are required to: 5elert s11itsble UtIllg policies and apply them consist¢n¢ly: observe the methods 8ttd prineiple$ in the Charities SORP. make judgem¢nts and estimates that are reasonable and prudenl. Sts¢e whether applicable accounting stsndard4 MprIsIng FRS 102 haye been ftillowed. subject to any rnaterial departures disclosed and explained in the financial statements. and prepare the financial statements on ¢h¢ going con¢em b&sis unless ht 15 inappropriate to presume ihat the charitsble company wÉll continue in business. The truste¢s are responsible for keeping proper accounting records (hat can dis¢lose with reasonable accuracy ai any tim¢ th¢ financial position of the ¢haritable COMnY and ¢Trable them to ensure that the financi&l sratements comply wi¢h the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the preveniion and detection of frdud and tsther irre8ul8rities. The tru5t¢es ar¢ responsible for the maintrnance and integrity of the corpK)raie and financial information included on the eharitable company's website. Legislation goveming the preparation and dissemination of financial statem¢nts may differ from legislation in other jurisdictions. Pw3
Northwood Past Thnes Truste¢s' Report The wjnud report was apProvbY th¢ tfU&ttt8 of th¢ clllrity on 21 MArch 2025 si8tte4J on its behalf by: Chri8tine ABhworth Tn¥tee Antbony Thon Trust¢¢ Page 4
Northwood Past Tlmes Independent Examiner's Report lo the trustees of Northwood Past Times {'the Company,) I report to the charity tnjsiees on my exominaiion of the accounts of the Company for the year ended 31 August 2024. Respon$ibilitie5 b4sis of report As the charity's trustees of the Company {and also its director5 for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companie5 Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company arc not required to be audiied under Part 16 of the 2006 Act and are eligible for independent examination. I report in re5pe¢t of rny ¢xamination of your charity. a¢¢ounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 A¢¢'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5Xb} of the 2011 Act. Independent ex¥miner'$ st4tement- m4tter ofconeern identified I have comple(ed my examination. I have identified matters of concern where there is lack of 5UPPOrting documentation for the building repairs and maintenance work, th¢ costs of whi¢h are a maierial part of the SOFA. I have advised that invoices must be requested from all suppli¢rs, no matter the size of the job, so there is a clear audit trail for all expenditure relating to the charity. confirni no other matters have come to my attention in connection with the examination giving me re&%onable cause io believe that in any material respect.. l. a¢¢ounting records were not kept in respeci of Northwood P&si Times as r¢quir¢d by section 386 of the 2006 Act: or 2. the a¢¢ounts do not accord with those rewrds; or 3. the accounts do not comply with the aceounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a'trne and fair view which is not a Tnatter ¢onsid¢red as part of an independent examination. or 4. Ihe accounts have not be¢n prepared in a¢¢ordance wiÉh the methods and principles of the Statement of Recommended Practice for accounting and r¢porting by ¢horities lappli¢abl¢ to Charities preparing th¢ir arxounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)]. I cothfirni that there are no other matters to which your attention should b¢ drawn enable a proper understanding of the aeeounts to be rea¢hed. P Ah¢r FCA ICAEW on behalf of- Winton Bath Group Ltd 6 Ferranti Court Stafford5hire Technology Park Stafford Stafford5hire ST180LQ Page 5
Northwood Past Time5 Statement of Financial Activities for the Ye2r Ended 31 August 2024 (Including Income and Expenditure Account 2nd Statement of Totsl Reeogni8ed Gains and L055es) Unrestrleted fllnds Total 2024 Note Intomt #nd EDdowtnents from: Charitable activities Investment income 71.125 299 71,125 299 Total income 71.424 71,424 Eypenditure on: Charitable activities 106.439) 106,439) Total expenditure 106,439) 1106,439) N¢t ¢xp¢nditttr¢ Net movement in fvnds 35.015 35.015 (35,015) (35.015) Refonciliation of fuDds Tot&1 Thd$ brought ftsrward Total ndS carTied fo)Tr¥ard 134.0981 134 098) 12 169,113 Total 2023 Unrestrieied funds Note Income and Endowments from: Charitable activities Investment income 83.629 94 83.629 94 Total in¢ome 83,723 83,723 Expendlture on: Charitable activities 186,210) 186,210 Total txpenditsjre 86,210} 86.210) Nel ¢xpendÉture (2.4871 (2.4871 Net inovement in fiJnds 12.4871 (2,487) R¢coDcIIIAtion of funits Total fvnds brought forward Total funds carried forward 12 (34.098 {34,09B) All of the ehariry's activities derive from coniinuin8 operations during the above ts¥o periods. The note5 on pa8e5 8 to 14 fomi an inlegral p&rt of these financial 918tements. Page 6
Northwood Past TAmes (Registration number: 07672155) Balance Sheet as at 31 August 2024 2024 2023 Note Fixtd assets Tangible assets 199.524 206,048 Current assets Stocks Cash at bank al itt hat 1,524 21,738 ,625 36.431 io 23.262 38,056 Creilitors: Amounts lalilrÈg due wlthln one yeAr 291,899 278,202 Net ¢urrellt Mabllltles 268 637 240,1461 Net liabllities 69,113 34,098 FndS of the charlty: Ullrestrleted Itteome fvnd3 Unrestricted fjr 169,1131 34,098) Totsl fund5 12 69,113 34.098 For tbe fuRncial year euding 35 August 2024 th¢ ¢lwity was ¢ntitied to ¢xemption from audit under se¢tion 477 of the Companies Art 21)06 relating to small compaaiu. Directors, responsibilities.. The members have not required the charity to obtsin an audit of its a¢couttts for tbe year in questi¢)n i
¢wrdaDc¢ with ctiOn 476. and
The directors aeknowl¢dge their re5pon5ibilities ftir ¢ornplyiD8 with th¢ lequir¢M of the Acl with respect to accounting records and the preparation of accounts. The financial stst¢m¢nts on pages 6 to 14 We approved by the ttwstees, and &uthoris¢d for issue oll 2l MsFch 2025 and $ied on their beha]f by.. Q.-.s Pt&Lo*L- Christine Ashwortb Tnjstte Anthony Thorttas TnL8tee The tte on pages 8 to 14 fomi an intewl part of these fanCial itatements. Page 7
Northwood Pt Times Not&s to the FinaD¢ial Ststements for the Year Ended 31 August 2024 I Charity stsitlls The ¢harity is limited by guarnn< in . wmd consequently does not have share capitsl. Each of the Irllstees is liable to cOntribe an amount exceeding £10 WardS the assets of the charity in the event of liquidation. The addres5 of its rE8i5tered office i Oak Str¢et Northwood Stoke4)n-Trent Staffordshire STI 2NW The princrpal place of business is= 168-17D Queen'5 Promenad¢ Blackpool Lancashire FY2 9JN These finaneial statements were authorised for issue by the trustees on 21 Mareh 2025. 2 AtCOUDting PDlities Summ#ry of signifitant xtcounting policies and key •ceounting estim#tes The principal accounting policies applied in the preparation of these financi staments are sel out below. These p)licies have bcen con5iStthtty applied to all the years presentrd. unless othenwise ststed. Statement of eomplianct The flnancial swem¢nts have been prepared in accordance with Accovnting 8nd Reporting by Charities: Statement of Reeomm¢nded Prartice (applicable to charitie5 prep¥ing their awunts in ¥cnIanCe with th¢ FÉnancial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)) (issud in October 2019) - (Charities SORP IFRS 102)). the Financial ReFYting Standaryl applithle in the UK and Republic of Irelatid IFRS 102) and the Companies Act 2006. B8$is of pr¢pxrtion Northwocrfl P&5t Times m¢¢ts th¢ d¢fJnition of a public benefit entity und¢r FRS 102. Assets and liabilities are initially rttognised at historical cost or IraDwtion va]ue unltss otherwise stated in the relevant a¢counting poli¢y notes. Going foDe¢rn The trustees ¢oDsider that there we NJ material un¢ertainiieg alyout the chariVs ability to continue as a going con¢ern nor any significant a]ras of urKerf8inty affect the carrying value of assets held by the eh#rity. Intome #nd endowments Jnv£simenlincon¥ DivideThJs we rtcoBnistsJ once the divideThl been declared and ntitification has been Ttteived of the dividend due. Page 8
Northwood Past Times Notes to the Financial Statements for the Year Ended 31 August 2024 EXpendIre All expenditure is recognised once there is a le8al or construciive obligation to th&1 expenditure. it 15 probable settlement is required and the amount CAn be mwuftd reliably. All ¢osts ore allocated io the applicable expenditure heading that 8ggregate simil#r costs io th category. Where costs Chnnot be directly attributed to parti¢ulAr headings they hfive been E411ocated a basis consistent with the use of resources, with cenirnl staff Costs f411ocated on the basis of time spenL and depreciation char8es allocated on the portion of the asset's use. Other support costs are èlloca*d based on the read of stsff costs. Churllable acrfvllles Ch¥ritable expenditure ¢ompTises th05¢ ¢0sts incurred by the charity in the delivery of its liVitIeS and servic¢5 for its beneficiaries. It includes ljoth costs that Can be allocated directly to such activities and those cost5 of an indirect nature necessary to support tl)em. Support eosts Support costs include cenlrnl functions and have be¢n allocated to a¢¢ivity ¢O$t c&tegories on a basis Consistent with the use of resouKes, for example, allocating proF¢rty ¢o$ts by floor aTe4$, or per ¢apita, staff ¢o$ts by th¢ time spent And oiher costs by their u$&8e. Covtrn#n¢tr eoiti These include the costs atlributsble io the charity'$ compliance with eonstitulional and statutory requirements, including iydit. strnte8ic monaB¢m¢nt and trustees meetings Hnd reimbursed expenses. TAXAtlon The charity is nSidered to pass the tests set out in Para8raph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable complny for UK corporation lax purp05¢5. A¢wrdingly, the Charity is poieniially exempi from taxation in respeet of income or copital gain$ re¢eÈved within talegorie5 covered by Chawer 3 Part I l of the Corporation Tox Aet 2010 or S¢¢lion 256 of the Taxation of Charguble Gains Aet 1992, 10 the extent th&t such ineome or gain$ are Npplied exclusively to charitable purposes. TAn#lble flxed #sset$ Individual fixed a5s¢ts ¢05ting £0.00 or mor¢ initially recorded at eos( less any subsequeni accumulated depreciation and subsequent accumulated impairnient losse$. D¢prtcl#tlon amortlsatlon Depreci3¢ion is provided on t4n8ible fLx¢d ¥ssets SO 45 to write off the cost or valuation, less any estimated r¢$iduo1 valu¢. over their exp¢¢ted us¢fu5 ets)nomic life as follows: knet tl4$5 Land and Building5 Fixtures and fittin8S Motor vehicles Depreclfitlon method and rate 4% on cost 20% on reducin8 balan¢¢ 25% on reducing balance Stock Stock is valued ai the lower of cosi and lMated sellirt8 price leii costs to complete and sell. after due regard for obsolete and slow movin8 Stocks. Cost is deterniined using the first-in. fJtst4)ut {FIFO). Pag¢ 9
Northwood P•8t Times Notes to tbe FInnei SttemeDts for the Year Ended 31 August 2024 Cash ind Cash equivlents Cash and cash equivalents comprise cash on hand and C1 dqy)SI (er short-terni highly liquid investm¢nts that are readily ¢onvenible to a known •mount of cash are Subje to an insignificant risk of change in value. B•rrowlngs Interesi-bearinB borrowings are initially reconled * fair valu< net of trwJw¢ion ¢o$ts. Inter¢si-Lwrin8 borrowings are subsequenity carried at amortised ¢osL with the diffm¢¢ b¢ty¥¢¢n th¢ proce¢ds. n¢t of transaction costs. and the amount due on redernption being recognised as a ¢harg¢ to the Statement of Financial Activities over the period of the rekvant 0]n& Interest expense is re¢ow)ised on the basis of the effective interest method and is inclutsj in interest payable and Similar charges. Borrowings are ¢las$ifLed as Current li#bilili¢s unless the charity has an unconditional right to defer settlement of the liobility for a¢ I¢t twelve months aft¢r th¢ rep(fftin8 dat& Fund s¢ructure Unrestri¢¢¢d income funds are general fiumls that ar¢ available for at the trustees discretion in fththemce of the Objectiv of the charity. 3 Income from ehrttsbk ¢tlvltl Unrtstrlcted funds G¢nernl Totsl 2024 Tot1 2023 Hotel trading 83,629 4 Expendlture on chrltble Aetfvltles- unmtrlthd fv*ds 2024 21123 Purcha Human resources Property repairs Heal & light Advertising General overhea Depreciation Govemance costs 9234 42,071 21.507 10,679 33,830 4,396 8.635 6,957 13.070 6.807 1.836 7,133 8.145 6.525 1.920 106.439 86.210 Page 10
Northwood Past Times Notes to the Financi21 Stalements for the Year Ended 31 August 2024 5 Trustee5 remuneratlon And txptns¢s No trusiees, nor any persons conneed with them. have received any femuneration from the charity during the year. No trustees have reeeived Any reimbursed expenses or any other benefits from tlie charity during the year. 6 Sthff ttsts Th¢ monthly •v¢raBe number of persons (including senior moDaBem¢nt I leadership team} ¢mpJoyed by the eharity during the year expressed as full time equivv4lent5 was os follows: 2024 No 2023 ManAgemeni Provision of ser4ices Pagell
Northwood Past Times Notes to the FinanciAI Statements for the Year Ended 31 August 2024 7 Taxation The Charity is a registered charity and is therefore exernpt frorn th10ft. 8 T•nglble fixed isxts L4nd and bulldlny FurnithTt And Motor vehicld Tot•1 CNt At I September 2023 270.000 76,574 2.000 348.574 At 31 August 2024 270.000 76.574 2.000 Depretlatlon Ai I SeptembEr 2023 Chorge for the year 69.552 71,058 1,103 1.916 21 142.526 6.$24 Ai 31 August 2024 74.952 72.161 1.937 149,050 N¢t book valwe At 31 August 2024 195.048 4.413 63 199.524 Al 31 August 2023 SJ16 206,048 9 Stock 2024 2023 Sioe I,S24 1.625 10 C•$h and ¢uh oqufvAlents 2024 2023 C•sh on hand Cuh at bank 7.670 28,761 21,738 21.738 36,431 I I Cr¢dhory: mouDts f•lllng due T•lthln oDe ytsr 2024 2023 Other tsxion and 50Ci81 sKyrity Other cr¢ditor5 Aal$ 495 289,484 1.920 291,899 575 275,707 1.920 278202 Page 12
Northwood Past Times Notes to the Financial Statements for the Year Ended 31 August 2024 12 Funds Bl8n¢e •t I September 2023 Ineoo)ing Balanee at 31 August 2024 Unrestrieted funds Genernl 134.098) (35,015) 169,1131 B81g11tt Xt I September 21n2 Incoming Balanee at 31 August 2023 Unrestrleted funds General (2.4871 134,0981 13 AD#lysii ofnet wets between funds Unrestrieted TndS Gener1 Total funds gt 31 August 2024 Tangible fjxed tssets Current assets Current liabilities 199.524 23262 1291.8991 199.524 2i262 (291.899) Total net assets (69.1131 (69.1131 Unrestrieted f•nds CeDerxl Total funds at 31 August 21123 Tangible fixed assets Cunent Lssets CurTeDi liabilities 206.048 38.036 1278.2021 206.048 38.056 278,2021 Total net &ssets 134.098) Pag¢ 13
Northwood Past Times Notes to the Financial Ststements for the Yerdr Ended 31 August 2024 14 Rel#ttd party Irnuctio Iring the year the ¢harity mth the following relatNI pty Northw01 Day Cre Cent Northwood Day Care Centr¢ is maDaB&a by the sam¢ trustees thJ¢ manage this charity. Northwood Day Care C¢ntre paid invoice5 on behalf of this charity )ling £2,985. Northwood Day Car¢ Centre serth its clients holiday at th¢ h¢1 owned by this charity. Ai the boiAnce sheet date th¢ amDunt dye to Northwwd Day Care Centre w&5 £190.50612023- £1892971. A.Thom95 A. Thom•5 1$ a director of this company. Ai the balm¢¢ sh¢ei d•t¢ nonI due lo A.Tknm•s was £98.978 (2023- £86.411 }. Page 14