REGISTEREO COMPANY NUMBER.. 02225130 (England and Wales)
REfjISTERED CHAAITY NUMBER.. ICK17947
REPORT OF THE TRUSTEE5 ANO
UNAUDITED FINANCIALSTATÉMEN15 FOR THE YEAR ENDED 31 MARCH 2021
FOR
OSEL ENTERPRISE5 LIMITED
Bright Brown Umlted
Chartered Accountants
Exchange House
st. Cross ￿ne
Newport
Isle of Wight
P030 5BZ

OSEL ENTERPRISES UMITED
CONTENTS OF THE FINANCIALsfATEMENTS
FOR THE YEAR ENDED 31 MARCH 1021
Page
Report of the Trurtees
Independent Examlner's Report
Statement of Flnancial Artlvliles
Balance Sheet
8 to 9
ra$h Flow 5t#tement
io
Notes to the Cash Flow Stzternent
li
Notes to the Flnandal statements
12 to 23
Detalled Statement of Flnanclal ActlTrAties
24 to 25

OSEL ENTERPRISES LIMITED
REPORT OF THE TRUSTEES
FOR THE VEAR ENDED 31 MARCH 2021
The trustees who are also diiectors of the charity for the purp05e5 of the Companies Act 2006, present thelr report with
the fInanc￿al statements of the charity for the year ended 31 March 2021. The trustees have adoptèd the provision5 of
Accounting and RÈportin8 by Chariries.. Statement of Recommended Prattlte applicable to ch3rkties prep3rin8 their
accounts In accordance vhth the Financial Reportln8 Standard applicable In thÈ UK and Republlc of Ireland IFRS 1021
leffÈctSve l January 20191.
OBJECTIVES AND ACTIVITIES
Objertives and prlnciple artlvity
05el Enterprises Ltd Is an inclusive, outstandlng 5UPPOrt, educatlon and lear￿ing service trjased on the Isle of Wight.
Established to provide work for people with dlsabilities, 05el Entefprlse5 ctsntinue5 to work with people Encourag*ng
independence and promoting communlty groups, offering ASDAN education. arran8Sng volunteering and wok*lng with
local employers to offer paSd employment opporttjnities.
Osel Enterprlses Ltd Is managed by a board of trustees who live on the Isle of Wight and are Involved in the local
community.
Public benefft
The tru5teÈ5 have paid due regard to the guidance from the Ch3rity Commission re8arding publlc benefit and what
activities the charity should undertake within thls. The charity seeks to operate within the communitVJ offerin8
Èmployment, edutation ènd person-centred support to people with 8 lÈaming disability or people recovering from mental
health issues.
ACHIEVEMÉNT AND PERFORMANCE
Mana8er'5 Report
l am proud to say thai Osel Enieiprises Ltd, in the 13St year ha5 Contlnued to offer outstandir$8 service5 durin8 a very
difficult trading period. OUT ethos Is to inspire people with di5abillties and rnental he31th issues to play a fvll part in thelr
local community and to ensure that the 5LTrPPOrt and produrts we provlde continues to meet aJstomer/funcllnE
requirements by listenlng to them and actin8 upon their wishes.
Due to the pandemic, we adapted our working practlces all departments to follow government guldellnes and m3intairt
the services that we offer In a safe, profe5510Th31 way.
Way Forward offers one of the best LeaininK Disability Oay centres on the Island,. offerlng pers0n-cent￿d support that
encourages progression, independÈnce and positive outcomes. Exerclse support was offered during the lockdown instead
of internal group se55ions, thls allowed us to go out Inio the community to SUPPOrt our customers and reduce customey
anxlety levels during a very unwtain perlod.
Llving Well funding ersded in June, this service was a success and reached out to people in the communit¥ th3t normallv
would not be able to acce55 hÈlp and support frtsm an experienced third-party provider, Thi5 servicè allowed u5 to develop
our relationship with Other Island organi53tlons whlch could lead to other opportunities sn the fUt￿re.
Workilsg Towards Wellbein8 continuÈs to expand its servltes due to excellent job rÈtentionlemployment results and ha5
received incre3sed funding from the Department of Work State and Ppnsions to provide an additional emplDyment
3dvlsor. Face to face rneeting5 were replaced with telephone 3ppolntmÈnts to help maintain our ernployment advice and
support service. Staff continue to work long hours to cope wlth Increased demand. Due to the rellance on the NHS and
the DWP funding, Workimg Towards Wellbeing is 8pptySng for other funding Sources to help secure its future.
Page I

OSEL ENTERPRISES LIMITED
REPORT OF THE TAUSTEES
FOR THE YEAR ENDED31MARCH 2021
Wi8ht Crystal ha5 continually changed it5 product offer to refloct the Changed publSc attitude towa¥ds single ￿se plastics.
Our cu51omers are offered a selection ol retycled. recyclable, biodegr3dable and comp05table produrts but we remain
alÈrtto changing consumer trend5.
Lowering costs by w¢rt¢lng more efficiently and not replaclng staff has helped Wight Crystal fu￿1 Its orders On time and in
full. We welcgmed the return of some smaller events and customers began to turn their watercoolers back on.
Desplte thp. Covid challe¥bges, Osel has stabillsed Its servltes and is seeing a gradual return of Its customers dnd referrals
after the governmentS'5tay at home, advice and the shutdown of the Way Forward centre.
Trècey Hlll- Chlef Executlve Officer- Osel Enterprf5es Ltd
Flnahtlal results
Ag3in, the charlty Ènjpyed a Suc￿sSfUl but inevitably challenging year, ￿th new cu5torners and referrals joining Way
FoNiaKd. Wight Crystsl and Working Tow3rd5 Wellbeing. New fundinE oppofEunlties encouraged the Mental health
service to expand, telephone services were IntrodU￿d where face to face appointmonts were impossible. Further
expanslDn of the Se￿•￿ Is expected in time ahead as normallty Slowly resumes.
The charity enjoys an enviable reputation for delivering quality support, always exceedSnR the expectstion tsf its seNice
users. Putting money back into our servlces Ènd the continual development of our staff, despite the ¢hallenEes ot two
Covid lockdown5, 05el has continued to operate salply. Currently we employ 34 people and have utilised the
governments furlough Scheme wherever possible. Oesplte thls, we have Tedtsced headcount without resorting to
redundancy payments. We h3ve an excellent, stsble workforce, valuSng our people creates opportunities for
development, which in tum helps secure long £ervi￿. Recognising our talented team members has helped stablllse all
three enterprises and produ&s outstanding results.
Osel Enterprises Ltd is detÈrmlnÉd to continually lrnprove its services. products, and Internal worklng Pract1￿5. We strive
to stsy ahead of the competitioTr and to be an efficient forward-thinking charity that stsnds out from all other soclal
enterprises on the Island.
We expect the coming months and fvll year to be challenging berduse of the aftermath of Covld hnd the Inevitable
t18htenlng of local and national fiJndiM8 for people with Leartling Disabilities. Increased funding for Mental Health Servlces
is expected due to the addltional people with mental ill health due lo the p3ndernio
FINANCIAL REVIEW
Reserves pollcy
The trustees conslder that the unrestricted funds, which arÉ tho free reserves of the tharlty. should be maintained at
tevel which equate5 to approximately four months expendsture.
The current level of reserves held in the gÈneral fund are £487,574 and are £415.076 after excluding fixed assets wh5ch
means the charity is in line wSth the policy and the trusteos will Eontlnue to monitor the funds levels to ensure this is
maintained.
Tot31 lllcome for the year was £834,206 including £628.437 from unrestrlcted actlvltles and £205,769 from restricted
3clivitle5. Totsl expenditure in the year was £828,842 includ￿ng £668,398 from unrestrirted activities and £160,444 from
re5tritted activities. This resulted in a total operating surplus of £5,364 consisting of a deflclt of £25,836 in respect of
unrestrlcted a¢tivitie5 and 8 5urplv5 £31,200 in respett of restrlcted activlties.
Page 2

OSEL ENTERPR TrSES LIMfrED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH Z02J
FINANCIAL REVIEW
Challenges
A constant ch3nglng environment 15 making everyday life at 05el Efiterprises Ltd harder for staff, customers aTrd referral5.
New way5 of working, thinking out51de of the box and coping with exh3ustinE and émotlonal shift patterns Is an essential
skS11 that has helped vs S￿rVive during an un5ta+Jle tradln8 period.
We have experienced a tl8htening of social setvice5 budgets for new and existSnE Way Forward customers and we offered
more cri515 SUPPOrt due to the pandernic. Way Forward has been selectÈd to be p3rt of an Indivldual Ser¥Jice Fund tTial
with the IOW Council, th￿ will offerflexibilityfoi the cu5tDrner and wlll help produ￿ posltwe outcomes.
Way Forward experienced si8nlficant drop-off In customer attendance and was forced to shut down on two occasions due
to the governThent gurdelines to'stay at home..
Wight Crystal water has also seen a reduction In sale5 and ha5 found atcess to customer premises for cleaninglsteTili5in8
equipment challenging. Wight Crys1315till operated essential daily delivèry service to the hospltal, h05pice and care
homes across the Island during the lockdown.
The fvlental Health Ernployment Service ha5 increasln8 referial nurnbÈrs and we have received Increased funding from the
CCG and the DWP lor 2CJ20121.
FUTURÉ PLANS
Way Forward
Way Forward h35 applled for fvnding for new IT equipment and workforce COVID-1g funds wlth the Isle of Wlght Council.
The bespoke database continues to bp developed and is giving staff easy ac￿55 to customer records. HR informatlon and
customer attendance sV5tem.
Wlght Crystal
Wight Crystal will concentrate on bullding back Its water sales OTder book and catching up with a backlog of service
eleaninE and diS￿nIecting over the next 12 months. Wight Crystal will source a range of non-contact water coolers to give
the cu5torner a safe alternatlve to the traditional tsp operated modols.
Oespite the many challenges, we rnanaged to malntaln deliveries ol both water and cooler supplies and as over, new
opportunities are constantly being investigated. Our plan to offer our spring wator in 8las5 bottlÈs for local h05Pitalitv
businesse5 put on hold untll the tr3ding envirtsnrnent improved. We wlll proceed a5 500n as possible with this plbn.
Workin8 Towards Wellbeln8
Working Towards Wellbesng continues to expand its support services dve to an excellent tTack rec(Ird of results, We
expect to continue wlnning addltlonal fundiThg from the DWP for a full-tlme Employment Advlsor and a part-time data
collectlon P051tlon.
The board would like to place on record its thanks to all of its excelleni staff but with particular praise 8oing to our Chief
Executive Offlcer, Traw Hill. A5 in prÈvious ¥ears, fracey has rlsen to the extraordinary challenges faced in these difficult
times and rEmÈins the driving force behind our ongolnE success.
David Holmes- Chairman
Page 3

OSEI ENTERPRISES LIMITED
REPOAT OF THE TRLISTEES
FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by Its 8¢)vern¢n6 document, a deed of trust. and constitutes a limited company, limited by
guarantee, as defined by the Companles Aet 2CQ6.
Tfu5tees. organ15atlon Bnd management
The busine55 01 the charitable company is managed by the board of trustces,. the number of trustoes is not subject to a
m)ximum. The trustees hold adhoc meeting5 but t￿le Chairrnan in particular also has Gonstsnt Week￿ contsct V4fih the
chief executive offfter.
Prospectwe director5rtru5tees are initially approached by a member of the board, prior t(> such nomination being
proposed at a board meetlng, and sublect to such proposal receiving the 5VPPOrt of the board, the proposed new trustee
is then invited to join the board and following hls/her acceptance Is fully brlefed as to charlty matters and it's 3lrns and
oblectives at the first board meetlng which hejshe atten(Is. There are no formal p¢licles or procedures for the Inductlon
and training of trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02225130 (England and Wale51
Reglstered Charlty number
1007947
Re815tered offi¢e
7 Da￿sh Way
Dodnor Industrial Estste
Newport
151e of Wight
P030 SXI
Trustees
C P BD5wÈII
O L Holmes
C A DenThett
Independeni Examlner
8righl Brown Limited
Chartered Accountants
ExchanEe House
5t. Cross Lane
Newport
Isle of Wight
P030 58Z
Page 4

OSEL ENTÉRPRISES LIMITED
REPORT OF THE TRUSfEES
FOR THE YEAR ENDED 31 MARCH 2021
REFERENCE AND ADMINISThATIVE DETAILS
Bankers
HSBC
101 St James Street
Newptsrt
Isle of Wight
P030 IHX
SDll¢rtors
Eldridges
Avenue House
AYe￿￿e Road
Freshwater
Isle of Wight
P040 9U2
ved by order of the board of trustees on..........................-.................. and slened on its trJehaK by..
D L Holmes-7rustee
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
OSEL ENTEIIPRISES LIMITED
Independent examlner'5 report to the trustees of OSEL Enterprlses Llmited I'the Companv'l
report to the chariiy trustee5 on my examination of the accounts of the Company for the year ended 31 March 2021.
Responslbilities and basls of report
As the chaTIt¥'S tFU5tees of the Company land also Its directors for the purposes of company lawl you are responsible for
the preparation of the accounts in accord3nce with thÉ requirements of the Companies Act 2￿6<'the 2006 Act'l.
Hawng satisfled mysew that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act
and arc eligible for independont examination, I report in respett ol my examination of your charity's accounts as carried
out under section 145 of the Charities Act 2011 1.tho 2011 Act'l. In carrying Dut my Q￿mination I have followed the
t)irectlons given by the Chaiity Commission under section 145151 Ibl ol the 2011 Act.
lttdependent examlner's stotement
Since youf char￿ty,5 gross income exceeded £250,(m your oxaminor must be a member of a listed body. I can confirm that
l am gualified to undertake the examination because l am a reRist&red membÈr of ICAEW which Is one of the lisied bodies.
I have completed my examlnailon. I conflrm th3t no matter5 have Come to my attention in connection wlch the
examination giving me cause lo beliewe..
accounting recoTd5 were not kept in respect of the Company 35 required by section 386 of the 2006 Act,. or
the accounts do not accord wlth those records: or
the accounts do not comply wilh the accountinK requirements of section 3g6 of the 2W6 Act other than any
requirement that the accounts give a true and fair view which is not a matter considered as p8n of an
indepo.ndent examlnation,. or
the accounts have not been prepared in accordance with the rnethod5 and principles of the Staternent of
Recomrnended Practice for accountlng and reporting by charltles (applicable to charltles preparlng their acc¢unts
in accordan￿ wlth the FinaTrc$31 Reporting Standard applicable in the UK and Reptjblic of Ireland IFRS 10211.
I have no concerns and have come aEr0$5 nD Other rnatters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understandlng of the accounts to be reached.
D Stevens ACA
ICAEW
Bright Brown Limited
Chartered Account3nt5
Newport
Isle of Wight
Datè..
£s
Za£l
Page 6

OSEL ENTERPRISES LIMfrED
STATEMFNT OF FINANCIAL ACTIVITIE5
IINCORPORATING AN INCOME AND EXPENorrvRE ACCOUNTI
FOR THE YEAA ENDED 31 MARCH 2021
2021
Total
funds
2020
rotal
funds
Unrestricted
fL(nds
Restricted
funds
Notes
INCOME A14D ENDOWMENTS FROM
Donations and leBacies
5,457
5,457
10,814
Charitable aCt￿ltIeS
Wight Crystal
Way Forward
Working Towards Wellbeing
Living Well
204,058
289,770
203.058
308,781
176,867
9,443
311,937
582,502
170,055
37.773
19,011
176,867
9,443
Investment Income
other Income
2,5.58
127,594
448
3,006
127.594
2.563
Total
628.437
205,769
834,206
1,115,644
EXPENDIWREON
Charitable actlvitle5
Wight Crystal
Way Forward
Workit)g Towards Wellbein8
LivlnE Well
235,447
432,951
235,447
438,346
145,577
9,472
299.791
563,426
131,274
33,818
5,395
145,577
9,472
Total
668,398
160,444
828,842
1,028,309
NEF INCOMEJIEXPENDITUREI
139,9611
45,32S
87,335
Transfers between fvnds
16
14,125
114,1251
Net movernenl in funds
125.8361
31,2(K)
5,364
B7,335
RECONCILIATION OF FUNDS
Total funds brought forward
516,863
54,235
571,098
483,763
TOTAI FUNDS CARRIED FORWARD
491,027
85,43S
576,462
571,098
The notes form part af these linanclal statements
Page 7

OSEL ENTERPRISES LIMITED
BALANCE SHEET
31 MARCH 2021
2021
2020
Note5
FIXED ASSETS
Tangible assets
li
71,898
71,761
CURRENT ASSErs
stocks
ebtors
Cash at bank and in hand
12
13
62,203
52,035
423,035
63.333
83,505
393,136
537,273
539.974
CREDITORS
Amounts falling due within one year
14
132,7091
140,6371
NE[ CURRENT ASSETS
504,564
499,337
TOTAL ASSEfs LES5 aiRREMf LIABILITIES
576,462
571.098
NET ASSETS
576,462
571,098
FUNDS
Unrestricted lunds
Restricted fuDd5
16
491,027
BS,435
516,863
54,235
TOTALFUND5
576,462
571,098
The charitable company Is entltled to exemptlon from audlt under Sect5on 477 of the Companle5 Act 2006 for the year
ended 31 March 2021.
The Tnefnber5 have Flot re9uired the cornp3ny to obtain an audlt of its financial statements for the year ended
31 March 2021 in Jtcordante wlth Section 476 ijl the Companie5 Act 2(M)6.
The trustees acknowledge their responsibilities for
ensuring that the charitable cornpany keeps accountSnB records that comply wlth Sectlons 386 and 387 of the
Companlos Act 2006 and
preparing financi81 stètements which give 3 true and fair vlew of Ihe state ol affairs of the charitable company ès
81 the end of each financial yÉar and of its surplus or deficit lor each financi31 year in accordance with the
requirements of SectlOn5 394 and 395 and which othefwise comply with the requlrements of the Companies Act
2006 relÈting to financlal statemÈnts, sa far as applicablÈ to ihp charitable company.
Ibl
The notes form part of these ftnancial statements
Pale 8
continued...

OSEL ENTERPRISES LIMITED
BALANCE SHEET- ¢onilnued
31 MARCH Z021
These financial Statements have been prepared in accordance wlth the provisions applicable to charftable companies
subject to the small tomp3nies regime.
The finan¢lal statements were approved by the Board of Trustee5 and authorised for issue on
ere signed on it5 behalf by..
O L Holmes- Trustee
The notes forrn part of these financial statements
Pa8e 9

OSEI ENTERPRISES LIMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2021
2021
2020
otes
Cash IIow5 from operatlng artlvllles
Cash generated from operations
48,095
129.794
Net cash provided by L7perating act￿ltIeS
48,095
129,794
Cash flow5 from Inve5trng aCtI￿tieS
Purchase of tan8lble fixed a552ts
Sale of tangible fixed assets
Interest recetved
124,7021
3.500
3,006
138,5601
2,583
2,563
Net £3sh used in investing actNities
118,1961
133,4141
Change In cash and cash equivalents In the
reportlng pÈrlod
Cash and cash eqLt4valents at ihe beglnning
of the reportlnw perlod
29,899
96,380
393.136
296.756
Cash and tash equlvalent5 at the end of the
reportlng perlod
423.035
393,136
The notes form part of these flnantlal statewnent5
PaEe 10

05EL ENTERPIIISES LIMITED
NOTESTO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2021
RECONCIUATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES
2021
2020
Nel Income forthe reportlng perlod las per the Statement of Fsnandal
ActTrvit4es1
Adlu5trnents for:
Depretiation charges
IPrtsfltl/loss on dlsposal of fixed asset5
Interest recelved
Oecrea5e/lincrÉasÈl in stocks
Decrease in debtors
Decrease in creditors
5,364
87,335
24,565
13,5001
13,0061
1,130
31,470
17.9281
26,875
746
12,5631
19,3261
33.017
16,2901
Net cash provlded by operatlon5
48,095
129,794
ANALYSIS OF CHANGES IN NET FUNDS
At 1,4.20
Cash flow
At 31.3.21
Net Cash
sh at bank and lfi hand
393,136
29,899
423,035
393,136
29,899
423,a35
Total
3ga,136
29,899
423,03S
The notes form part of these Ilnsntial staiements
Pa8e 11

OSEL ENTERPRISES UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2011
ACCOUNTING POLiaE5
Basls of preparing the flnanclal statements
The financial statements of the charitable tompany, which is a public benefrt entity under FRS 102, have been
prepared in 3Ctordance with the Charities SORP IFRS 1021 'Accountin8 and Reporting by Charitles.. Statement of
Recommended Practice applkable to char(ties preparlng their a¢count5 in accordance with the Flnan¢lal Reporting
Standard 8pplicable in the UK and RepUbl￿C of Ireland IFRS 1021 lÈffe¢tive l January 20191,, Finan￿81 Reporting
Standard 102 'The Financial ReportinE Standard appllcable ￿n the UK and RÈpubllt af Ireland, and the Companies
Act 2006. The flnanclal statements havt been prepared under the h15tDrical cost convention.
The charitable compaTry is reBiStered In England and Wales and Is limited by guaiantee.
Income
Voluntary Income
Donatlolls are recognised In the Ststement of Finantiol Actlvitles once the tharitable cornpaThy has entitlement to
the funds, it is prob3ble th3t the Income will be rec&ived and tho awnount can be measured reliably, this is
generally upon receipt of the donation.
Investment lttcome
Interpst receivable 15 recognised over the period is accrued except where there are condit10115 imposed that must
be met bÈforE interest is recleved. Where thls is the case the income Is recognised Dnee the wnditions have been
met.
Charitable Activities
Income Irom trading activities is reco8nised, net of VA7 and all other sales taxes when the goods are delivered or
services are provlded.
Grants are recognlsed when uncondStl(Jnal entitlement to the income Is passed to the charitable company. Where
there are performance related terrns and conditions that Must be met before unconditional eThtStlement pèsses to
the charitable company* the ￿ncoMe is recognised once it Is hlghly probable that thesc will be met. Where no such
condltions exist the income Is recogn15ed when it ts received.
Expendlture
Liabllities are reco8nlsed as expenditure as Soon as there is a legal OT constructive obliE3tion commlttlng the
charity to that expenditure, it is probable that a transfer ol economlc benellts will be required In settlement and
the amount of the obligation can be measured reliably. Expendlture is èccounted for on èn accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be direct
attributed to partlcular headings they h3ve been allocatÈd to aclivities on a basis COnSlStent with the use of
resourtr5.
Allocatlon and apportlonment of costs
The only costs not already dlrectly attributed to an aCt￿ltY a￿ govemance costs. These have been apportioned
evenly between the non-restritted activitie5 of the charf(y.
Tanglble fixed assets
DeprEciatlOll ￿5 provlded at the following annual r*e5 in order to write aff oa¢h asset over its estimated useful Ilfe..
Plant aThd m3chinery
Flxture5 and flttings
Strdlght line over 4 or 5 years
- Stroight line over 4 or 5 years
Page 12
continued...

OSEL ENTERPRISES LIMtrEO
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2021
ACCOUNTING POLICIES- continued
Tangible Ilxed assets
Motar vehicles
Re¢lpes
Stralght line over 4 or 5 years
Stralght line over 5 yea
Stocks
Stocks are valued at the lower of cost and net reslisable value, after making due allowance for obsolete and slow
movino items.
The ￿dIve of finished goods is calculated by using hourly labour rates dlvided by number of product5 in a set. plus
the value of raw materials. Overheads of production are not factored into the valuation lormulae.
Taxatlo
The charity ts exempt frorn corporation tax on its charitable activities.
Fund accourrting
Unrestrlcted funds can be used in accordance with the charitable objectives at the discretlDn of the Iiustee5.
Restricted funds can only be used for particular restflcted purposes within the objects of the charily. Re51tlrtions
arise when specified by the donor OY when funds afe raised for particular r￿trIcted purposes.
Further explanatlon ol the nature and purpose of each fvnd is included In the note5 to the financi31 statement5.
Penslon costs and other p05t-retirement benefits
The charitable company operates a defined contrlbution pension scheme. Contributions pay3ble to the charitable
company's penslon scheme are charged to the Statement of Financial Activities 111 the perlod to which they relate,
DONAIIOMS AND LEGACIES
2021
2020
Donatlons
S,457
10,814
INVESTMENT INCOME
2021
2020
Deposit account interest
3,006
2,563
Page 13
contlnued...

OSEI ENfERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2021
INCOME FROM CHARITABLE ACTIVITIES
2021
2020
Activity
Wight Crystal
Wight Crystal
Wight frystal
Way Forward
Way Forward
Way Forward
Sales
CDG income
Miscellaneou5 incomé
Sales
Support contracts
COG income
Travel & expenses ielrnbursed
by client
Grants
Activities income
Miscellaneous income
Grant5
Grant5
185.975
17,083
293,675
18,143
119
2,531
552,162
2,837
272,101
5,224
Way Forward
Way Forward
Way Forward
Way Forward
Working Toward5 We1lbe￿ng
L￿VIng Well
9,120
19.011
88
400
176,867
9.443
18,342
4,023
5,444
170,055
37.773
698,149
1,102,267
Grants received, included in the above, are as follows..
2021
2020
IOW NHS CCG IWorkingtOVTard5 wellbeing)
AgÈ Co#tÈrn IW (Living Welll
NHS IOW EA IIAPT Scheme)
NHS IOW Data Collection
151e of Wight Councll
Island Roads
112.583
9.443
73,284
Ig,0001
14,886
4,125
105,624
37,773
57,431
7,000
205,321
207,828
Pase 14
continued...

OSEL ENTERPRISES LIMITEO
NOTESTO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2021
CHARIYABLE AcfiviTIE5 COSYS
Support
Costs Isee
note 61
Dlrect
C05tS
Totals
Wight Crystal
Way Fonward
Working Towards Wellbeing
Living Well
234,918
437,190
145,164
9,472
S29
1.156
413
235.447
438.346
145,577
9,472
826,744
2,098
828.842
SUPPORT COSTS
Governante
costs
Wlght Crystal
Way Forward
Working Towards Wellbelng
529
1,156
413
2.￿8
NET INCOMEIIEXPENDITUREI
Net Incomellexpenditurel Is stated after chzr8(ngllcredftingl.'
2021
2020
Auditors, rernuneratlon
other non-audit services
Depreciation . owned assets
Other operating lezses
Surpluslldelicitl on dlsposal of fixed assets
3,150
1,386
26,874
44,501
746
24,565
45,737
13,5001
Page IS
continued...

OSEL ENTEflPR15ES LIMITED
NOTES TOTHE FINANCIAL STATÉMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2021
TRUSTEES, REMUNERATION AND 8ENEFtrs
Theie wÈrÈ no trustÈes' rÈmuneration or other benefits lorthe year ended 31 March 2021 nor for the year ended
31 Marth 2020.
Tru5tees' expenses
There wpre no tr￿st￿eS, expenses paid for the year ended 31 Mèrch Z021 nor forthe year ended 31 March 2020.
STAFF COSTS
2021
2020
Wa8e5 and sal2riÈs
5uclal security costs
Other pension costs
541,384
34.149
11.732
627,369
40,159
12,790
587,265
680,318
The average monthly numLier of employees during the year was as follow5.'
2021
2020
OSEL- full time
Living Well- lull tlme
WiEht Crystal f¢Jll time
Wlght Cryst31- part time
Way FomoTd- full tirne
Way Foiward- part tlme
Worklng Towards Wellboing- full tirne
16
17
34
38
ND employees received ernolurnents in excess of £60,000.
Key personnel employed during the year were as lollow5'.
Job ROIÈ
Chief Fxecutive Officer..
Remuneration
É39,563
Page 16
continued...

OSEL ENTERPRISES LIMITÉD
NOTESTO THE FINANCIAL STATEMENTS- contlnved
FOR THE YEAR ENDED 31 MARCH 2021
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
funds
Tolal
funds
INCOME ANO ENDOWMENTS FROM
Donatlon5 and legacies
10,814
10,814
CharltablÈ artlvliles
Wlght Crystal
Way Forw3rd
Workln8lowards Wellbeing
LwinE WEII
311,937
S22,502
311,937
582,502
170,055
37,773
170,OS5
37.773
Investment Income
2,440
123
2,563
Total
907,693
207,951
1,115,644
EXPENDITURE ON
Charitable actN4tles
Wlght Crystal
Way Fotward
Working Towards Wellbelng
living Well
29g,791
563.426
299,791
563,426
131,274
33,818
131,274
33,818
Total
863,217
165.092
1,028,309
NET INCOME
44,476
42,859
87,335
RECONCILIATION OF FUNDS
Total funds brought fonward
472.387
11.376
483.763
TOTAL FUNDS CARRIED FORWARO
516,863
54,235
571,098
Page 17
continued..-

05EL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENOED 31 MARCH 1021
ii.
TANGieLE FIXED AS5ET5
Fixtures
and
littines
Plant and
machlnery
Motor
vehlcles
Recipe5
rotsls
COST
At l Aprll 2020
Additions
Disposals
219,433
6,937
25.869
5,445
111.597
12,320
111,3941
9,￿0
465,899
24.702
111,3941
At 31 March 2021
326,370
31,314
112.523
9,000
479,207
DEPRECIATION
At l April 2020
Charge loryear
Eliminated on disposal
297,894
8,553
22,176
1,147
69,868
13,065
111,3941
4,2(Kl
1,8(K)
394,138
24,565
111,3941
At 31 March 2021
306,447
23.323
71,539
407,309
NET BOOK VALLIE
At 31 March 2021
19,g23
7,991
40.984
3,000
71,898
At 31 March 2020
21,539
3,693
41,729
4,800
71.761
12.
2021
2020
Raw materials & finished good5
Water cooler stocks
29,868
32,335
30,373
32,960
62.203
63,333
13.
DEBTORS,. AMOVNTS FALLING DLIE WITHIN ONE YEAR
2021
2020
Trdde debtors
Other debtors
VAT
Prep3yrnents and a£crued Income
38,250
6.750
326
6.709
69,510
6,750
7,245
52,035
83,505
Page IB
contlnued..

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2021
14.
CREDITQR5: AMOUNT5 FALLING DUE WITHIN ONE YEAR
2021
2020
Trade creditor5
5oclal securlty and ather taxe5
VAT
Other creditors
ACcr￿ed expenses
19,679
7,237
19,374
9.612
357
4,796
6,498
3,733
32,709
40.637
15.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2021
Total
funds
2020
Total
funds
Unrestricted
funds
Restricted
funds
Fixed assets
Current assets
Current IlabSlltie.s
71,898
451,838
132,7091
71.898
531.213
132,7091
71,761
539,974
140,6371
85,435
491.027
85,435
576,462
571,098
16.
MOVEMENT IN FUND5
Net
movetnent
in funds
Transfers
betwee
funds
At
31.3.21
At 1.4.20
Unrestrlcted funds
General fund
ThealTe Fund
CustDtner's New Kitchen
Allottment Fund
513,262
2,989
322
290
139,-5791
13,891
14061
487.574
322
555
13751
640
516,863
139,9611
14,125
491,027
Restrlcted funds
Working Towards WellbÈing
As£San
LfvlnB Well
Way Ftsr￿ard Kitchen
Way Forward Minibus
43,476
1,471
9,288
31.638
15091
71
4,125
io.ocrf)
9.359
84,473
962
19,3591
14,1251
iio,oool
54.23S
45,325
114,1251
,435
TOTAL FUNDS
571,098
5.364
576,462
Pase 19
continued...

05EL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2021
16.
MOVEMENT IN FUNDS- corttinued
Nel movement in funds, included in the above are as follows:
Incoming
resource5
Resource5
expended
Movement
in funds
Unrestricted funds
General fund
The4trÈ Fund
lottment Fund
628.037
1667,6161
171
17751
139.5791
13751
628,437
1668,3981
139,9611
Restricted funds
Working Towards Wellbeivbg
A5dan
Living Well
Way Forward Kltchen
Workforce Cap8Clty Fund
Way Forward Minibus
177,215
1145,S771
15091
19.4721
31.638
15091
71
4,125
9,543
4.125
4,886
10,000
14,8861
10,0
205.769
1160.4441
45,325
TOTAL FUNDS
834,206
1828,8421
5.364
Comparatives tor movoment In fvnds
Net
movement
in funds
At
31.3.20
At I.￿19
Unrestrf¢ted funds
General fund
Theatre Fund
Customer'5 New Kltchen
Allottment Fund
470.299
1,535
553
42,963
1,454
12311
290
513,262
2,989
322
290
472,387
44,476
516,863
Restrlcted fund5
Workin8 Towards Wellbein
Asdan
Living Well
4,695
1,471
5.210
38,781
43,476
1,471
9.288
4,078
11,376
42.859
54,235
TOTAL FUNDS
483.763
87,33S
571.098
Page 20
contlnuÈd...

OSEL ENTERPRISES UMITED
NOTES TO THE FINANCIAL STATEMENTS- coni¥nuÈd
FOR THE YEAR ENDED 31 MARCH 2021
16.
MOVEMENT IN FUNDS- contlnued
A current year 12 months and prior year 12 months tombined Thet mlivement in lufid5. included in the abovE are
as follows..
Inctbmlng
resource5
*l@sourc@s
expended
Movement
in funds
Unrestricted funds
General fund
Theatre Fulsd
Customer's New Kltchen
Allottment Fund
1,530,010
3,920
11,526,626)
12,4731
3,384
1.447
12311
2,200
12,2851
1,536,130
11,531,615]
4,515
Re5trlcted fund5
Working Towards Wellbeing
Asdan
Living Wel
Way Forward Kitchen
Workforce Capacity Fund
Way Forward Minibus
347.270
1276,8511
15091
143,2901
70.419
15091
4,149
4,125
47,439
4,125
4.886
iO.LiOO
14.8861
10,OLK)
413,720
1325,5361
88,184
TOTAL FLINOS
1,949,850
11.857,1511
92,699
Deslonated Fursds
The theatre fund is donations towards and income generated from produttions of varlous shows put on by Wèv
Forward.
Rostrltted Funds
Working Toward5 Wellbeing is an employment servSce for people recoverln8 from mental health ¢ondltlons,' the
5eNice provides support for referrals to retain or gain employment.
The Asd3n fund Ss both an award Scheme and accreditation network, providing educ3tlonal opportunities fof
young people, helping learne￿ develop their pÈrsonal 3nd soci81 skills throu8h its award programmÈs and
guallfications.
Llvlng WÈll Ss a erant funded prolect to provide 5UPPOrt adults with leamlng disabSllties In the Isle of Wight
communltv.
Way Forward Kitchen relates to a one-off resir4¢ted erant to fund the installation of a new kitchen at the Way
Forward site.
The Workforce Capacity Fund provided fundSng for a 12 month smartphone subscrlption and the Increase of staff
ratios for the Way Forward programme,
Page 22
continued...

OSEL ENTERPRISES LIM￿ED
NOTES TO THE FINANCIAL STATEMEKfs- contlnued
FOR THE VEAA EhlDED 31 MARCH 2021
i&
MOVEMENT IN FUNDS- contlnued
Comparative net movement In funds, included in the above are as follows..
ncomln8
resources
Resources
expended
Movement
in funds
Unre5trlcted funds
General fund
Theatre Fund
Customer's New Kltchen
Allottment Fund
901,973
3,920
1859.0101
12,4661
12311
11,5101
42,963
1,454
12311
290
1.800
7.693
1863,2171
44,476
Restrlcted funds
Woiking Towards WellbclnB
Llving Well
170,055
37,896
1131,2741
133,8181
38,781
4,078
207,951
1165,0921
42,859
TOTAL FLINDS
1,115,644
11.028.309)
87,335
A turrent year 12 months and prior year 12 months comblned position is as follows..
Net
movement
in fund5
Transfers
betwee
funds
At
31.3.21
At 1.4.19
Unrestrl¢ted funds
General lund
Theatre Fund
Customer's New Kitchen
Allottment Fund
470,299
1,535
553
3,384
1,447
12311
1851
l3,891
14061
4È7,574
2.S76
322
555
640
472.387
4,515
14,12S
491.027
Restricted funds
Working Tow3rds Wellbein8
Asdan
Living Well
Way Forward Kitchen
Way Forward Minibus
4,695
1,471
5.210
70,419
15091
4,149
9.359
84,473
962
19,3S91
14,1251
iio,oool
10,000
11.376
88,184
114,1251
85,435
TOTAL FUNDS
483,763
92,699
576,462
Page 21
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- (ontlnued
FOR THE YEAR ENDED 31 MARCH 2021
16.
MOVEMENT IN FUNDS- continued
Way Forward Minibus relatps to a ofie-off restrlcted grant to fund the purchase of a new minitrjus for the Way
Forward programrDe.
Tfansfer5 between funds
The followin£ transfers have been made between funds durlng the year..
£4,125 and £10,000 have been transferred to thp 8enerdl fund from the Way Forward Kitchen fund and the Wav
Forward Minibus fund respectively, representing the cost of assets purchased through the lunds, but whi£h are
available for unrestritted use by the charity.
£9,359 has been iiansfèrred from the Living Well fun¢J to the WorkinE Towards Wellbeing hjnd whlch represent5
the balance lèft on the Living Well fund at the end of the projert. A provislon wa5 included In the L￿Ing Well
funding for the redundancies of staff at the end of the project, however the charity has instead de￿ded to
re-deploy the staff member, using the LTving Well fund balance to fund thls.
Other smaller transfers have bÈen made between the general fund and tho dÈslgrsated funds at the trustees,
discretion.
17.
OTHER FINANCIAL COMMITMENTS
The tharStable company has commitments under non4ancellable operatlng leases for property of £107,275 and
for p13nt and machinery of £1.571.
RELATED PARTY DISCLOSURES
There were no related party trdnsartlons forthe year ended 31 hAarch 2021.
Page 23

OSEL FNTERPR15ES LIMITED
DETAILEO STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDEO 31 MARCH 2021
2021
2020
INCOME AND ENDOWMENTS
Donatlons and lega¢les
Donations
5,457
10,814
Investment income
Depo51t account interest
3,LK)6
2.563
Charitable athvltles
Sales
Support contr?cts
CDG iFLcome
Travel & expense5 reimbursed by client
fjrants
ACtiV￿LieS income
Mi5cell3neous Income
188,812
272.101
22,307
9,120
205,321
88
400
296,206
552,162
18,143
18,342
207,828
4,023
5.563
698,149
1,102,267
Other income
Job retention scheme incorne
12?,594
Total In¢omlnÉ resources
834.206
1,115,644
EXPENDITURE
Charltable acllvltles
stalf costs
Social secur?tv
Pension costs
Rent
Ratos & water
Insur3nce
Light & heat
Telephone and computer costs
Posts8e. stationery & rnarketin8
Wight Crystal c05t of sales
Client expenses
Staff training
Carried forward
S41,384
34,149
11,732
45,737
1,898
11,103
7,691
14,319
2,526
51.426
12,715
1,211
735,891
627.369
40,159
12,790
44.501
2.410
14,375
11,242
16,524
5,283
86,250
47.279
1,617
909,799
Thls page does not fomi part of the statutory financi31 statements
Page 24

OSEL ENTERPRISES LIMITEO
DETAILED STATEMENTOF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
2021
2020
Charltgble artlvities
Brought forward
Establlshment expenses
Repairs & renewals
Bank & other financial charges
Motor & travel
735,891
670
19.649
2,945
21,765
909,799
1,04B
19,802
4,094
33,946
E li
8ad debts & provlsion %vrltten back
Legal & professional fee5
General adminlgtrat5on expenses
5tafF clothing
Equlpment hlre
Health, safety & welfare
Allotment e%penses
Donations to others
DepTeciation of tangible flxed assets
IProfltll105s oll sale c>f ta￿81￿le fixed a55et5
733
4,710
3,944
396
1.965
11.936
775
300
24,565
13,5001
1,087
7.262
5,842
820
1,965
8,977
1.510
26,875
746
826,744
1,023,773
Support wsts
Governance costs
AuditOf5' remuneration
Audit015' remuneration for non audit work
Accountancv
Independent examlners
3,150
1,386
1,798
3￿
2,098
4,536
Total resDurces expended
828,842
1,028,309
Net income
5,364
87,335
Thi5 page does not form part of the statutory financial staternents
Page 25