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REGISTERED COMPANY NUMBER: 08340892 (England and Wales)
REGISTERED CHARITY NUMBER: 1154344














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 28 February 2023

for

P.A.S.T.WAYS LTD

P.A.S.T.WAYS LTD

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 9

P.A.S.T.WAYS LTD (Registered number: 08340892)

Report of the Trustees
for the Year Ended 28 February 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08340892 (England and Wales)

Registered Charity number
1154344

Registered office
4 Park Square
Newton Chambers Road
Chapeltown
Sheffield
Sout Yorkshire
S35 2PH

Trustees
A Broughton Retired Police Officer (resigned 15.8.22)
M R Jenkinson Accountant
M J Barratt It Account Manager
A K Belcher Senior Lead Hand At Bentleys Constructio
P Booth Safeguarding Manager In Education
J P Hawksworth Volunteer (resigned 21.3.22)
Miss S Tyson Technology Graduate
Miss J M Belcher Teaching Assistant (appointed 16.12.22)
Mrs P Booth Managing Director (appointed 16.3.22)
J D Copeland Employment Foreman (appointed 21.4.22)
Mrs J L Dyson Director (appointed 16.3.22)
M S D Fisher Director (appointed 16.3.22)

Company Secretary

Independent Examiner
Brearley & Co Accountants Limited
Chartered Certified Accountants
4 Park Square
Newton Chambers Road
Chapeltown
Sheffield
South Yorkshire
S35 2PH

Approved by order of the board of trustees on 17 November 2023 and signed on its behalf by:





P Booth - Trustee

Independent Examiner's Report to the Trustees of
P.A.S.T.WAYS LTD


Independent examiner's report to the trustees of P.A.S.T.WAYS LTD ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








FL Accounting Ltd

Brearley & Co Accountants Limited
Chartered Certified Accountants
4 Park Square
Newton Chambers Road
Chapeltown
Sheffield
South Yorkshire
S35 2PH

17 November 2023

P.A.S.T.WAYS LTD

Statement of Financial Activities
for the Year Ended 28 February 2023

28.2.23 28.2.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 198,994 152,880

Investment income 2 565 13
Total 199,559 152,893

EXPENDITURE ON


Other 184,722 146,961

NET INCOME 14,837 5,932


RECONCILIATION OF FUNDS
Total funds brought forward 181,180 175,248

TOTAL FUNDS CARRIED FORWARD 196,017 181,180

P.A.S.T.WAYS LTD (Registered number: 08340892)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 7 10,316 4,014

CURRENT ASSETS
Debtors 8 50 6,038
Cash at bank and in hand 195,147 178,798
195,197 184,836

CREDITORS
Amounts falling due within one year 9 (9,496 ) (7,670 )

NET CURRENT ASSETS 185,701 177,166

TOTAL ASSETS LESS CURRENT LIABILITIES 196,017 181,180

NET ASSETS 196,017 181,180
FUNDS 10
Unrestricted funds 196,017 181,180
TOTAL FUNDS 196,017 181,180

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 17 November 2023 and were signed on its behalf by:





P Booth - Trustee

P.A.S.T.WAYS LTD

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year in which the financial statements have been prepared under FRS102 (Section 1A).

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. INVESTMENT INCOME
28.2.23 28.2.22
£    £   
Deposit account interest 565 13


P.A.S.T.WAYS LTD

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

28.2.23 28.2.22
£    £   
Depreciation - owned assets 2,746 1,338

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2023 nor for the year ended 28 February 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2023 nor for the year ended 28 February 2022.


5. AVERAGE NUMBER OF EMPLOYEES

Average number of employees


2023 6 2022 5

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 152,880

Investment income 13
Total 152,893

EXPENDITURE ON


Other 146,961

NET INCOME 5,932


RECONCILIATION OF FUNDS
Total funds brought forward 175,248

TOTAL FUNDS CARRIED FORWARD 181,180


P.A.S.T.WAYS LTD

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 4,270 10,003 14,273
Additions 950 8,098 9,048
At 28 February 2023 5,220 18,101 23,321
DEPRECIATION
At 1 March 2022 3,923 6,336 10,259
Charge for year 130 2,616 2,746
At 28 February 2023 4,053 8,952 13,005
NET BOOK VALUE
At 28 February 2023 1,167 9,149 10,316
At 28 February 2022 347 3,667 4,014

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 50 6,038

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Accrued expenses 9,496 7,670

10. MOVEMENT IN FUNDS
Net
movement At
At 1.3.22 in funds 28.2.23
£    £    £   
Unrestricted funds
General fund 181,180 14,837 196,017

TOTAL FUNDS 181,180 14,837 196,017

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 199,559 (184,722 ) 14,837

TOTAL FUNDS 199,559 (184,722 ) 14,837


P.A.S.T.WAYS LTD

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.3.21 in funds 28.2.22
£    £    £   
Unrestricted funds
General fund 175,248 5,932 181,180

TOTAL FUNDS 175,248 5,932 181,180

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 152,893 (146,961 ) 5,932

TOTAL FUNDS 152,893 (146,961 ) 5,932

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.3.21 in funds 28.2.23
£    £    £   
Unrestricted funds
General fund 175,248 20,769 196,017

TOTAL FUNDS 175,248 20,769 196,017

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 352,452 (331,683 ) 20,769

TOTAL FUNDS 352,452 (331,683 ) 20,769


P.A.S.T.WAYS LTD

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 28 February 2023.