P.A.S.T.Ways Ltd Charity No. 1154344 Company No. 08340892 Trustee's Report and Unaudlted Accounts 28 February 2025
P.A.S.T.Ways Lid Contents Pagas Trustees Annual Report Independent Examiner's Report StaQement of Financial Activlties Summarylncome and E¥pendltureAccount Balance Sheet Notes to the Accounts 7-11
PA.S,T.Ways Ltd Trustees Annual Report The trustee& who Is also a director ofthe charity for the purposes of the Companie5A¢t 2006, presents thelr report with the unaudited financial statements of the chartyfor the year ended 28 February 2025. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 08340892 Charity No. 1154344 Prln¢lpal Office Fisher Business Park Green Lane Sheffield S359WY Reglstered Offlce 24 N8pierCourt Gander Lane Barlborough S43 4PZ Directors and Trustees The directors ol the charitable company are its trustees for the purpose of Charity law. The followlng served duiing the year.. M J Barratt J M Belcher-TyBon P Booth J D Copeland M S D Fisher S BelGher-Tyson B C Lewis IT Account Manager - Teaching Assistant - Safeguarding Manager - Employment Foreman Director - Technology Graduate - Recovery Driver/ Technici8n Key Management Personnel Managing Director Patricia Booth Deputymanager -sarah Monon Staff - WILii8m Beever Staff - Shannon Hatfield Staff - Maddison Gregory Stsff Christine Register Accountants Footprints Accountancy Ltd 24 Napiercourt Gander Lane Barlborough S43 4PZ
P.A.S.T.W8ys Ltd Trustees Annual Report OBJECTIVES AND ACTIVITIES The purpose of the chariry is to provide a unique and peisonalised education for young individuals aged i 0-16 who may have difficulty in traditional Schooling environments. The main activities undertaken are providing a safe and supportive environment to ensure our students can continue their education and thrive to their full potential. Supported bya highly qualified and experienced team. the chaTity provides exceptional social and emotion81 support to both students and theirfamilies. ACHIEVEMENTS AND PERFORMANCE Duringthe previous 12 months. P.A.S.T.Ways successfuuy mentored and developed 20 of our students to the next level in their path towards either employment or further education. We continue to make new relationships with mainstream schools as weLi 88 cementing our current relationships. Once again. we successfully 6ntered our year 11 students into their exams during this pgriod. We have embraced and 8dopted newtechnology and le8ming into our day-to-day activlties to give our students the best possible chances in the modem world. FINANCIAL REVIEW The financial position at the end of the period was a surplus of £282.866. The reserves policy is that the serveS are held forfutur8 investments and a potential property developmentlmove. We currently have 5 active and supportive VolunteerslBoard Members that glve up thelr time to enable the business to concentrate on day to day activities while leaning on their expertise and knowledge to provide accUte and valuable inputto the running of PastW8yS. The charity will continue to receive monies from existing sources and seek new investments in the comingye8rs. STrUCTURE, GOVERNANCE AND MANAGEMENT The trustees 8re responsible tor keeping proper 8ccounting records that disclose with reasonable accuracy at anytime the financial p08ition ofthe charity to enable them to ensure that the financial statements comply with the Companies Acl 2006. The trustees are also responsible for safeguarding the assets ot the charity and hence taking reasonable steps forthe pr8vention and detection of fraud and other irreguiarili8S. The above report has been prepared in 8ccordance with the provi$ions appllcablg to companies subjecttothesmallcompanies regimeas set out in Part 15 ofthe Companies Act2006 and in accord8nce with the Charities SORP IFRS 102). Signed on behall of the board P Booth Managing Director
P.A.S.T.Ways Ltd Independent Examiners Report INDEPENDENT EXAMINER'S REPORTTO T14E TRUSTEES OF P.A.S.T.WAYS LTD I report to the charities trustees on my examinatlon ofthe financial st8t8ments of P.A.S.T.Way5 Ltd forthe yearended 28 February2025. Respon$lbilitla8 and ba81$ of report As the charitles trustees land also directors lor the purposes of company lawl you are responsible for the preparatlon of the financial statements In accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the fin8ncial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and er eligible for independent examlnation, I report in respect of my examln8tion of your charity's financial ststements a8 carried out under séction 145 of the Charities Act 20111 Ilhe 2011 Act). In ¢arylngout myex8mination I have followed the directron 8iven bythe CharityCommi88ion under section 145151 Ibl of the 2011 Act. Independent Examlner's 8talement I have completed my examination. I c8n confirm that no material mattèrs have come to my attention in connection with the 8xamination giving me cause to believe.. Accounting records weré not kept in accord8nee with sectlon 386 of th8 2006 Act: or The financial Statements do not accord with those records; or The financial statements do not comply with the accounting requirements under Section 396 of the 2006 Act other than any requiremerbt tat the financial 8tatements five a'tru8 and fair, vlew which is not 8 matter considered a$ part of an independenl examination; or The financial statements have notbeen prep8red in accordance with the methods and prlnciples of the Statement of Recommended Practice for accountlng 8nd reporting by charitl8s 8ppll¢ab18 to charities preparing their a¢¢ounts in accordance wlth the Flnancial Reporting standard applicable in tho UK and Republic of Ireland IFRS 102) I have no concerns and have come across no other matters In contIOn with the examination to which attention should be drawn in this réport in order to enable a proper understanding of the flnancial statements to be reached. Julie Robinson ACMACGMA MAAT Footprints Accountancy Ltd 24 Napiercourt Gander Lane Barlborough Chesterfleld S434PZ
PA.S.T.Ways Ltd Statement of Financial Activities Fortheygarended 28 F8bruary2025 Unrestrfcted Funds 2025 Total Funds 2025 Total Funds 2024 Not• Incom•: Donations Investments 256,600 2,580 256.600 2,580 207,321 2,135 Total 259.180 259.180 209.456 Expendlture: Other 205,207 205.207 176.580 Net In¢ome 53,973 53.973 32.876 Net movement In funds 53,973 53.973 32,876 Reconclliatlon of funds: Totsl funds brought tOard 228.893 228,893 196.017 Totalfund$ carrlod forward 282,866 282.866 228.893
PA.S.T.Ways Ltd Summary Income and Expendiiure Account For the year ended 28 February2025 Note 2025 2024 InGome 256,600 207.321 Interest and investment income 2.580 2.135 Gro38 income for the year 259.180 209,456 Expenditure 201.935 173.761 Depreciation and charges for Imp8irm6nt of fixed assets 3.272 2,819 Total pendItUre for the year Net Incom• forth year 205.207 176,580
P.A.S.T.Ways Ltd 8a18n¢e Sheet As at 28.02.2025 2025 2024 Note Flx•d asset Tangible assets 10 9.816 8,457 9,816 8.457 Currant asset8 Debtors Cash at b8nkand in hand 11 14 27.006 252.813 18.133 206,999 279,819 225.132 Cr•dltor8: Amount falling due within on8 year 12 16,7691 (4,696) Net eurrent agsets 273.050 220.436 Total a8S•t$ less ourrent liablUtle8 282,866 228.893 Thefund8 of th• chavity Unre¥trlctad funds General funds 15 282,866 228.893 Totalfunds 282,866 228.893 Th68e accounts have been prepared in accordance Wlth the special provisions of Part15 ofthe Companies Act 2006 relating to small companies. For the year ended 28 February 2025 the ¢ompgnywas entitled to exemption under sectlon 477 of the Companl8s Act 2006 relating to small companies. The members hav8 not r8qulred the companyto obtain an audit In accordance with 8eclion476 ofthe Cornpani8sAct 2006, The direcis acknowledge their responsibilities for complying with the requirements of the Comp8niesAct2006with respectto accounting records and the preparation ofaccounts. Approved by the board on 1 August 2025 and signed on Its behalf by., P Booth Managing Director
PA.S.T.Ways Ltd Notes to the Accounts Fortheyearended 28 February2025 1 Aecountlng poll¢les Baslg of preparation The financial statements have bèen prepared in accordance with the Accounting and Reporting bycharities: Statement of Recommended Practice applicable to charities prepaiingtheir accounts in accord8nce wlth the Financial Reporting standard applicable in th8 UK and Republic of Ireland (FRS102118ffective 1 January2015)- {Charities SORP (FRS 1021). the Financi81 Reporting Stsndard appltcable in the UK and Republic of Ireland {FRS 102} and the Companies Act 2006. Change In basls ol ac¢ountlng orto pravlou$ accounts There has been no change to the accounting policies {valuation rules and method of accounting) since 18Styear and no changes have been made to accounts for Previous years. Fund aceounting Unrestricted funds These are available for u88 at the dlscretion of th8 trustees in furtherance otthe general objectives of the charity. Income RecognFtion of income Incom8 is in¢lud8d in iho Ststement of Flnancial A¢tivitles ISOFAI when the ¢harity becomes entitled to. and virtually certaln to receive. the income 8nd the amount of the Income can be measured with sufficient reliabllity. DonlOn8 and le8acles Voluntary income received by way of grants, donations and gffts includéd in the SOFA when rec8lvable and only when the Charity has uncondition81 entitlement to the income. Volunteer h81p The value ot anyvolunteer help 18 not included in the accounts. Expendltur• Recognition of expenditure Expenditure is recognised on an accruals basis. Expgnditure includes any VATwhich cannot be fully recovered. and 1$ reported as part ofthe expenditure to which it relates. 0th8r expenditure These are support costs not allocatsd to 8 Particular activity. Taxatlon The charity is exempt from corporation tsx on its charitable 8¢tivitie8. Tangiblo flxed assets and d•pro¢lailon Depreciation is provided at the tollowing annual rates in orderto vKtte off e8ch asset over it8 estimated useful life- Fixtures and equlpment 25% Reducing balance Computer equipmènt 25% R8du¢ing balance
PA.S.T.Ways Ltd Notes to the Accounts For the year ended 28 February 2025 Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered. Prepaytnents ale valued at the amount prepaid net ofeny trade discounts due. Ca¥h and cash equivalents Cas h and cash U1valent comprise cash at bank and on hand. demand depositswith bank and other short-term highly tiquid investments with original maturFties of three months or less and bank overdrafts. In the statement of financial position. bank overdr8fts #re shown within borrowings or current liabllrti85. Trade and other ¢rndltors Short term creditors are measured 81 the transaction price. Other creditors and provisions are re¢ogni8ed where the charity has a present obligation resuitlng from a past event that wlll probably résult in transfer of funds to a third party and the amount due to settle the obligation can be measures or estimated reliably. Cr8ditors and provlsions are normally r8cognised at their Sèttlement amount after allowlng for 8ny trad8 dlscounts due. Penslon costs The charlty operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Gompany pays fixed contributions into a separate entity. Once the contributions have been paid th8 company has no further payment obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in the balance sheet. The assets ofthe p18n are held separately from the comp8ny in independently administered funds. 2 Companystatus The company is a priv8te ¢omp8ny limited byguarantse and consequently d085 not have share capital. 3 Statement of Flnanrlal Aetlvltles-prloryear Unrestrlctod funds Totalfunds Income and endowmants from: Donations and legacies Investrnents 207,321 2,135 207,321 2.135 Expenditur• on: Other 1176,5801 1176,5801 N•t Incorne 32.876 32.876 Reconclliation of funds: Total funds brought forward 196.017 196,017 Total.fund8 Carrled foThvard 228.893 228.893
PA.S.T.Ways Ltd Notes to the Accounts Fortheyear ended 28 February2025 4 In¢ome from donatlons and gael$ Unvestrict¢d Re8tricted Total 2025 Totol2024 Schoolfunding Donations Free school mgals 250.561 4,900 1,139 256,600 250,561 4,900 1,139 256.600 192.512 14,809 207.321 5 Incomo from Investment iknr•8trlcted Re8trl¢t•d Total 2025 Total 2024 Deposit account interest 2.580 2.580 2.135 2.580 2.580 2,135 60thor•xpenditure Unrestrletsd Restrleted Total 2025 Total2024 Employee cost¥ 142,817 142.817 119.549 Motor and travel costs 1.961 1.961 2.737 Premises costs 25,365 25,365 21,017 Amortls8tionld8preciation 3.272 3.272 2,819 General administrative costs 27.650 27.650 27,355 Legal and profession81 costs 4.143 4,143 3,103 205,208 205.208 176.580 7 N8t income before transfers 2025 2024 Thls is Ststed after chatging: Depreciation of owned fixed assets 3,272 2,819
PA,S.T.Ways Lid Notes to the Accounts Fortheyear ended 28 February2025 8 Tsta0 r•muneratlon and exp•n8es None of the trust888 have been paid any remuneration in the current or prior perir)ds. 9 Stsff coots Total 2025 Total2024 Salaries and wages Pension Costs 118.837 5.877 119.714 113.291 5.093 118,384 No ernploye8 reIved emoluments In ex¢ess of£60,000. The average monthly number of fulltime equivalent employees during the year was 6 (2024: 61. 10 Tangible flxed 88sots Flxtur•s and equipment Computèr èquipment Total Cost or revaiuatlon At 1 March 2024 Additions At 28 Febwary2025 19.061 4,631 23.692 5.220 24,821 4.631 28.912 5.220 Depreelatlon and impalrment Al 1 March 2024 Charye for the year At 28 February 2025 11.479 3,053 14,532 4,345 219 4.564 15.824 3.272 19.096 Net bookvalues At 28 FebNary2025 At 29 February 2024 9,160 7.582 656 875 9,816 8.457 11 D•btors 2025 2024 Trade debtors Prepayments and accrued income 26,205 801 27.006 17.332 18,133 10
P.A.S.T.Ways Ltd Notes to the Accounts Fortheyearended 28 Fébruary2025 12 Credltor8 2025 2024 Trade creditOTS Accruals 4,286 2.484 4.696 2,511 2,185 4.696 13 Analys18 of net assets between funds Unrestrlcted Restrict Endowment Tota12025 Fixed assets Investments Net current assets 9,816 9,816 273,050 282.866 273.050 282.866 14 Re¢oneiliatlon of net debt At 1 March 2024 C88h flows HPIFinanGe leas08 At28 Fobruary 2025£ 206.999 Cash and cash equivalents Bank overdrafts 45.814 252,813 206.999 45,814 252,813 15 Movement lrtfunds At 1 March 2024 Incoming resources Rosiwr¢os expendèd Gross transfèrs At28 February 2025 Restrl¢ted funds General funds 228,893 259.180 1205,207) 282.866 Do8i8nated funds Total funds 196.017 209,456 1176,5801 228.893 11