PA.S.T.Ways Ltd Charity No. 1154344 Company No. 08340892 Twstee's Rèport and Unaudited Accounts 29 February2024
P.A.S.T.Ways Ltd Contents Pages Trustee'sAnnual Report Independent Examinei's Report ststement of Financial Activities Summary Income and Expenditure Account Balance Sheet Notes to the Accounts 7-11
P.A.S.T.Ways Ltd Trustees Annual R8port The trustees, who is also a director of the charityforth8 purposes of the Companies Act2006. presents their report with the unaudited financial statements of the charity for the year ended 29 February 2024. REFERENCE AND ADMINISTFIATIVE DETAILS Company No. 08340892 Charlty No. 1154344 Principal Office Fisher Business Park Green Lane Sheff ield S35 9W Registered Office 24 Mapier Court Gander Lane Barlborough S48 4PZ Directors and Trust885 The directors of the charitsbie company are its trustees for the purpose of charlty Law. The following served duringthe year: MJ Barratt A K Belcher J M Belcher P Booth J D Copeiand J L Dyson M S D Fisher STyson B C Lewis L E Knowles - IT Account Manager - Senior Lead Hand - TeachinE Assistant - Safeguarding Manager - Employment Foreman Director - Diroctor -Technology Graduate -Appointed 11.12.2023 -Appointed 15.01.2023 Key Managernent Personnel Managing Director Patricia Booth Deputy Manager - Sarah Morton Staff - William Beever Staff - Ellie Whttworth Staff - Maddison Gregory Staff Christine Register Accountants Footprints Accountancy Ltd 24 Napier Court G8nder Lane Barlborough S43 4PZ
PA.S.T.Ways Ltd Trustees Annual Report OBJECTIVES AND ACTIVITIES The purpose of the chaiity is to provide a unique and personalised education foryoung individuals aged 10-16who may have difficulty in traditional schooling environments. The main activities undertaken are providirbg8 safeand supportive environment to ensure our students C8n continue their education and thrivB to theirfull potential. Supported bya highly qualified and experienced team, the charity provides exceptional socialand emotionalsupport to both students and theirfamiiies. ACHIEVEMENTSAND PERFORMANCE Durinethp. previous 12 months. PA.S.T.Ways successfully mertored and developed 16 of our students to the next level in their path towards either employmentorfurthereducation. We continue to make new relationshipswith mainstream schooLs as well as cementing our current relationships. Once again. we successfully entered 5 year 11's into theirexams during the period. FINANCIAL REVIEW The financial position atthe end ofthe period was a surplus of £228.893. The reserves policy is that the reserves are held for future investments 8nd a potential property developmentlmove. We are fortunate enough to have half a dozen active and supportive volunteerslboard members that give up theirtimeto enablethe business toconcentr8te on dayto day activities while leaningon their expertise and knowledge to provide 8ccurate and Ydluable input into the nning of P.A.S,T.W8yS. The charity will continue to receive monies frorn existing sources and seek new investment8 in omingyears. STRUCTURE, GOVERNANCE AND MANAGEMENT The trustees are responsible for keeping properaccounting records thatdisclosewrth reasonable accuracy at arytimethe financial position of the chartyto enable themto ensure that thefinancialstatements compLywith the CompaniesAGt2006. Thetrustees are 8180 responsible tor s8fegu8rdingthe assets ofthe charity and hence taking reasonable steps forthe prevention and detection of fraud and other irregutsrities. The above report has been prepad in accoTdancewith the prcwisions applicabieto companies subjectto the small companies re.rne as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf ofthe boarci P Booth Managing Director 18 October 2024
P.A.S.T.Ways Ltd Independent Examiners R8POrt INDEPENDENT EXAMINERIS REPORTTO THE TRusfEES OF PA.S.T.WAYS LTD I report to the ch8fTties trustees on my examination of the financial statements of P.A.S.T.Ways Ltd forthe year ended 29 February 2024. Re¥pDnsiblittles and basls of report As the charities twstees land also directors forthe purposes of company lawl you are responsible forthe preparation of the financial ststements in accordance with the requirements ofthe Comp8niesAct 2006 (the 2006Act). Having s8tisfied myself thatthe financialstatem8nts ofthe Charity are not required to be audited under Part 16 ofthe 2006 Act and er eligible forindependent examination, I report in respect of my examination of your charity s financial statements as carried out under section 145 of the Charities Act20111 {the 2011 Act). In carrying out my examination I havefollowed the direction given bythe Charity Commission under section 14515) Ibl ofthe 2011 Act. Independent Examiner's statement I have completed my examination. I can confirm that no material matters have come to my 8ttention in connection with the examination giving me causeto believe: Accounting recordswere not kept in accordance with section 386 ofthe 2006Act' or The financial ststements do not accord with those records" or The financial statements do not complywith the accounting requirements under section 396 of the 2006 Act other than any requirement tat the fjnancial statements five a'true and fair'viewwhich is not a matterconsidered 8s part of an independ8nt examination: or The financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practicefor8ccounting and r8POrtingby charitie5 applicable to charities preparingtheiraccounts in accordance with the Financial Reporting St8nd8rd 8ppLicable in the UK and Republic of Ireland (FRS 1021 I have no concerns have come a¢ross no othei matters in connection with the oxamination to which attention should be drawn in this report in orderto enable a proper understanding of the financial statements to be reached. Julie Robinson ACMA CGMA MAAT Footprincs Accountancy Ltd 24 Napier Court Gander Lane Barlborough Chesterfield S43 4PZ 18 October 2024
P.A.S.T.W8ys Ltd Statement of Financial Activities Fortheyear ended 29 February 2024 Unrestricted Funds 2024 Totsl Funds 2024 Total Funds 2023 Note Income: Donations Investments 207,321 2.135 207.321 2,135 198,944 565 Total 209,456 209.456 199.559 Expendlture: Oth8r 176,580 176.580 184,722 Net Income 32.876 32.876 14,837 Net movement in funds 32,876 32,876 14,837 Reconciliatlon of funds: Total funds brought forward 196.017 196.017 181.180 Totalfunds carrled forward 228.893 228.893 196.017
PA.S.T.Ways Ltd Surnmary Income and Expenditure Account Forthe year ended 29 February 2024 Noto 2024 2023 Income 207,321 198,994 Interest and investment income 2.135 565 Gross Income forthe year 209.456 199.559 Expenditure 173.761 183.434 Depreciation and chargesfor impairment of fixed assets 2.819 1.338 Total expenditure for the year 176.580 184,772 Net income forthe year
P.A.S.T.Ways Ltd B8iance Sheet As at 29.02.2024 2023 Fixed asset T8ngible assets 10 8.457 10,316 8,457 10.316 Current assets Debtors Cash at bankand in hand 11 14 18.133 206.999 50 195,147 225.132 195,197 Cr8ditors: Amount falling due within one year 12 14,696) {9.496} Net current asset8 220.436 185,701 Total assets less current liabilities 228,893 196.017 The funds of the charlty Unrestrictedfunds General funds 15 228.893 196,017 Totalfund$ 228.893 196,017 These accounts have been prep8r8d in accordance with the special priwisions of Part 15 of the Companies Act 2006 relatingto small companies. For the year ended 29 February 2024 the companywas entitled to exemption under section 477 of the Companies Act 2006 reiaiingto small Gompanies. The members have notrequired the companyto obtain an audit in accordance with section 476 ofthe CompaniesAct 2006. The directs acknowAedge their responsibilitiesforcomplyngwith the requirements ofthe Companies Act 2006 wth respect to accounting recor(Is and the pieparation of account& Approved bythe board on 18 October2024 andsigned on its behalf by: P Booth Managing Director 18 October 2024
PA.S.T.Ways Ltd Notes to the Account8 Forth8 year ended 29 February 2024 1 Accounting pollcles Basis of preparation The financial statements have been prepared in accordancewith the Accountingand Reporting by Charities: Statement of Recommended Practic8 applicable to charities prep8ringtheir accounts in accordancewith the Financial Reporting Standard applicable inthe UK and Republic of Ireland (FRS102} (effective 1 January2015}- (Charities SORP IFRS 102}}. the FinAnttiAI Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Change in ba8ls of accounting or to prevlou8 accounts There has been no change to the accounting policies Ivaluation Tules and method of accountlngl slnce iastyearand no changes have been made to accounls for previousyears. Fund accounting Unrestricted tunds These are available for use at the discretK)n of the trustees in furtherance of the generdl objectives of the charity. Incomo Recognition of in¢om8 Income is includèd in the Statement of Financial Activities (SOFA) when the Gharity becomes 8ntitled to, a1 virtually certsin to receive, the income and the amount of the income can be measured with sufficient reliability. Donations and legacies VoLuntary incomè received byway of grants. donations and gifts included in the SoFAwhen ceIVable and onlywhen the Charity has unconditionalentitlementtothe income. Volunteer help The v8lue of anyvolunteer help is not included in the accounts. Expendlture Recognition of expenditure Expendrture is recognised on an accruats tjasis. Expenditure includes anyVATwhich cannot be fully recovered, and is reported as part of the expenditure to which it relate& Other expenditure These are support costs not allocated to a particular activity. Taxation The charity is exempt from corporation tax on its charitable activities. Tangible fixed ass¢ls and deprecoation Depreciation is provided atthe followngannual rates in ordertowrile off each asset over its estimated useful life: Fixtures and equipment 25% Reducing balance Computer equipment 25% Reducing balance
PA.S.T.W8ys Ltd Notes to the Accounts Fortheyear ended 29 February 2024 Trade and other debtors Trade and other debtors are recognised atthe settlement amount due after anytrade discount offered. Prepayments are valued atthe amountprepaid net of anytrade discounts due. Cash and cash equlvalents Cas h and cash equivalentcomprise cash at bank and on hand, demand d8POSlts with bank and other short-term highly liquid investments with original maturities of three months or less 2nd bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. Trgde and oth@r creditors Short term cre(Sitors are measured atthetransaction price. Other creditors and provisions are recognised where the charity has a PTesent obligation resulting from a past event thatrilL probably result in trensferof funds to a third party and the amount due to settle the obligation can be measures or estimated reliably. Creditors and provisions are nomially recognised at their settlement amount after allowing for anytrade discountsdue. Pension cosls The charity operates a defined Gontribution pian for it8 employees. A defined contribution plan is 8 pension plan underwhichthe company paysfixed contributions into 8 separate entity. Once the contributions Iiave beén paid the cornpany has no further payment oblig8tions. The contributions are recognised as expenses when theyfalldue. Amounts not paid are shown inthe balance sheet. The assets ofthe plan are held separatelyfrom the company in independently administered funds. 2 Company siatus The company is a private company limited by guarantee and consequently does not have share capital. 3 Statemont of Financial AcltvitiOS- prlor year Unrestricted lunds Totalfunds Income and endowmentsfrom= Donations and legacies Investments 198.995 565 198,995 565 Expenditure on: Other (184.723) (184.723) Net income 14.837 14.837 Reconciliation of funds: Totalfunds broughtforward 181.180 181,180 Totalfunds carrfed forward 196,017 196.017
P.A.S.T.Ways Ltd Notes to the Accounts Forth8year ended 29 February 2024 4 Income from donations and iegacjes Unrestricted Restricted Total 2024 Total 2023 Schoolfunding Donations Free school meals 192,512 14,809 192,512 14.809 195.547 3,394 53 198,994 207.321 207,321 5 Income from investment Unrestrictsd Restrictsd Total 2024 Total 2023 Deposit account interest 2.135 2.135 565 2.135 2.135 565 6 Other expenditure Unrestricted Restricted Total2024 Total 2023 Employee costs 119,549 119,549 135,715 Motor and travel costs 2,737 2,737 178 PromigAA cnsts 21.017 21,017 26.387 Amortisationldepreciation 1819 2.819 2,746 General administrative costs Leg8l8nd professional costs 27,355 27,355 27,355 3.103 3,103 3.442 176,580 176,580 184,722 7 Net income belore transfers 2024 2023 This is stated 8ftercharging: Depreciation of owned fixed assets 2,819 2.746
P.A.S.T.W8ys Ltd Notes to the Accounts For the year ended 29 February 2024 8 Trustee remuneration and expenses None ofthetrustees have been paid any remuneration in the current or prior periods. 9 Staff costs Total2024 Total 2023 Salarigs and wages Pension costs 113,291 5,093 118,384 133,198 2,517 135.715 No employee received emoluments in excess of £60.000. The average monthly numberof fuLltime equivalentemployees duringthe yearwes 6 (2023: 61. 10 Tangible fixed assets Fixtures and equipment Computer equipment Total C05t or revaluatlon At1 March 2023 Additions At 29 February2024 18,101 960 19.601 5.220 23,321 960 24,281 5.220 Depreciation and impaimient At 1 March 2023 Charge fortheyear At 29 February 2024 8,952 2,527 11,479 4.053 292 4,345 13,005 2,819 15,824 Net book values At 29 February 2024 At 28 February 2023 7,582 9,149 875 1,167 8.457 10,316 11 Debtors 2024 2023 Trade debtors Prepayrnent5 8nd accrued income 17,332 801 18.133 50 50 10
P.A.S.T.Ways Ltd Noies to theAccounts Fortheye8r ended 29 F8bruary2024 12 Creditors 2024 2023 Trade creditors Accruals 2.511 2,185 4,696 9,496 9,496 13 Analysis of net assets between funds Unrestricted Resirlcted Endowment Total 2024 FIx8d assets Investrnents Net current assets .457 8,457 220.436 228,893 220.436 228.893 14 Reconclllation of net debt At 1 March 2023 Cash flows HPIFinance ases At29 February 2024 £ 195.147 11,852 206,999 Cash and cash equiv81ents Bankoverdrafts 195.147 11,852 206.999 15 Movemant in funds At 1 March 2023 Incomlng resources Resources expended Gros$ transfers At29 February 2024 Restricted fund* General fund8 196,017 209.456 (176.580 228.893 Designated funds Total funds 196.017 209.456 (176,580) 228.893
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Report to the trusteesl members of Char-iy IN17 P.A.S.T.Ways Ltd On accounts for the year ended 291h February 2024 Charity no (if any) 1154344 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust"} for the year ended 31. December 2023. Responsibilities and As the charity trustees of the Trust. you are responsible for the preparation basis of report of the accounts in accordan with the requirements of Ihe Charities Act 2011 {"the Act.). I report in respecl of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to rny attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were nol kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no COnrnS and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: 18.10.2024 Name: Julie Robinson Relevant professional qualification(s) or body (if any): CGMA, ACMA. MAAT. Address: Footprints Accountancy Ltd 24 Napier Court. Gander Lane Chesterfield, S43 4PZ
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examinalion of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose