2023-03-31-accounts - Osel Enterprises Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	Page
Report ofthe Trustees	1 to	7
Report ofthe Independent Auditors	8 to	10
Statement of Financial Activities
Balance Sheet	12
Cash Flow Statement	13
Notes to the Cash Flow Statement	14
Notes to the Financial Statements	15 to	27

FOR THE YEAR EN	D	CH 2023
						2023	2022
				Unrestricted	Restricted	Tota I	Tota I
				funds	funds	funds	funds
			Notes	f	f	f	f
INCOME AND ENDOWMENTS		FROM
Donations and legacies				14,112	5,000	19,112	8,959
Charitable activities
Wight Crystal				388,179		388,179	286,770
Way Forward				661,253		661,253	516,745
Working Towards	Wellbeing				240,987	240,987	231,162
Investment income				2,002		2,003	2,048
Otherincome							1
Total				1,065,546	245,988	1,311,534	1,063,138
EXPENDITURE ON
Charitable activities
Wight Crystal				309,369		309,369	285,299
Way Forward				688,794		688,794	526,083
Working Towards	Wellbeing			15,132	209,155	224,287	187,123
L2wng Well				129		129	189
Total				1,013,424	209,155	1,222,579	998,694
NET INCOME Transfers between Net movement in	funds funds		17	52,122 9.000 57,122	36,833 ~5,000 31,833	88,955 88,955	64,444 64,444
RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD				526,069 114,837 839» 6 0		640,906 2986	576,462 906

BALANCE SHEET 31MARCH 2023
		2023	2022
	Notes	E	E
FIXED ASSETS
Tangible assets	12	90,136	67,915
CURRENT ASSETS
Stocks	13	65,978	46,110
Debtors	14	111,250	106,658
Cash at bank and in hand		503,126	465,251
		680,354	618,019
CREDITORS
Amounts falling due within one year	15	(40,629)	(45,028)
NET CURRENT ASSETS		639,725	572,991
TOTAL ASSETS LESSCURRENT LIABIUTIES		729,861	640,906
NET ASSETS		~729861	~640906
FUNDS	17
Unrestricted funds		583,191	526,069
Restricted funds		146,670	114,837
TOTAL FUNDS		~729861	~640906

FOR THE YEAR ENDED 31	MARCH 20	23
				2023	2022
			Notes	6	6
Cash flows from operating activities Cash generated from operations				~89921	~62 421
Net cash provided by operating actiwties				89,921	62,421
Cash flows from Investing	activities
Purchase oftangible fixed	assets			(63,299)	(23,953)
Sale of tangible fixed assets				9,250	1,700
Interest received Net cash used in investing	activities			2,003 52 046	2,048 ~20 205)
Change in cash and cash equivalents		in the
reporting period				37,875	42,216
Cash and cash equivalents	at the beginning
ofthe reporting period				465,251	423,035
Cash and cash equivalents	at the end	ofthe
reporting period				503 126	~465 251

RECONCILIATION	O	F	NE	T INC	OME TO NET CASH FLOW FROM OPERATIN	G ACTIVITIES
							2023f	2022 f
Net income for the		reporting			period (as per the Statement of Financial
Activities)							88,955	64,444
Adjustments for:
Depreoation charges							36,557	27,936
Profit on disposal	of		fixed assets				(4,730)	(1,700)
Interest received							(2,003)	(2,048)
(Increase)/decrease			in stocks				(19,868)	16,093
Increase in debtors (Decrease)/increase Net cash provided		in creditors by operations					(4,591) ~4399) ~89 921	(54,623) ~12319 ~62 421
ANALYSIS OF CHANGES				IN NET FUNDS
						At 1.4.22	Cash flow	At 31.3.23
						E	f	6
Net cash
Cash at bank and	in		hand			465,251	37,875	503,126
Total						465,251 ~465 251	37,875 ~37 875	503,126 ~503 126

2.	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES
						2023f	2022 f
	Donations					~19 112	~8959
3.	INVESTMENT INCOME
						2023	2022
						f	f
	Deposit account interest					~2003	~2048
	INCOME FROM	CHARITABLE ACTIVITIES
						2023	2022
					Activity	f	f
	Sales				Wight Crystal	373,209	271,151
	Access to Work	Income			Wight Crystal	15,000	15,604
	Travel &expenses
	reimbursed by	client			Wight Crystal	(30)
	Grants				Wight Crystal		15
	Sales				Way Forward	790	3,556
	Support contracts				Way Forward	614,687	466,956
	Access to Work	Income			Way Forward	6,583	7,202
	Travel 8 expenses
	reimbursed by	client			Way Forward	28,074	20,625
	Grants				Way Forward		15,867
	Activities income				Way Forward	11,112	32
	Miscellaneous	income			Way Forward	7	2,507
	Grants				Working Towards Wellbeing	240,987	231,162
						1290419	1094677
	Grants recewed, included			in the	above, are as follows:
						2023	2022
						f	f
	NHS Hampshire	IOW ICB(Working Towards Wellbeing)				112,584	112,584
	NHS Talking Therapies		EA			103,650	88,847
	NHS Talking 1herapies		Data Collection			7,200	12,164
	Infection control grant						15,000
	SSPcovid rebate						896
	Family support	service				17,553	17,553
						~240 987	~247 044

CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS
						Direct	Support
						Costs (see	costs (see
						note 6)f	note 7)f	Totals f
Wight Crystal						306,944	2,425	309,369
Way Forward						684,478	4,316	688,794
Working Towards Wellbeing Living Well						223,317 129 970 868»»		224,287 129 »»6 9
DIRECT COSTS OF CHARITABLE					ACTIVITIES
							2023	2022
							f	f
Staff costs							780,200	666,625
Rent							46,012	45,527
Rates &water							3,805	3,124
Insurance							10,217	14,553
Light &heat							17,602	14,319
Telephone and computer				costs			31,906	16,101
Postage, stationery	&		marketing				3,429	1,960
Advertising							4,571	3,185
Sundries								442
Wight Crystal cost of		sales					122,422	93,581
Client expenses							48,454	33,632
Staff traininp							6,782	2,442
Establishment expenses							2,326	1,854
Repairs & renewals							47,075	27,751
Bank &other financial			charges				3,092	3,118
Motor 8 travel							36,727	17,080
Bad debts & provision			written		back		131	474
Legal & professional		fees					375	4,229
General administration			expenses				8,262	4,190
Staff clothing							873	283
Equipment hire								2,513
l-lealth, safety &welfare							8,723	5,371
Allotment expenses							57	237
Donations to others								364
Depreciation Loss on sale of assets							36,557 ~892	27,936 ~692
							1214868	989 191

SUPPORT COSTS
				Governance
				costs
				6
Wight Crystal				2,425
Way Forward				4,316
Working Towards	Wellbeing			970
				~7711
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
			2023	2022
			f	6
Auditors' remuneration			7,711	5,551
Depreciation —owned assets			36,558	27,936
Other operating	leases		46,012	45,527
Surplus on disposal offixed		assets	~4730)	~1700)

STAFF	COSTS
		2023	2022
		E	f
Wages	and salaries	709,760	609,335
Social	security costs	54,908	44,169
Other	pension costs	15,532	13,121
		~780200	~666 625

						2023	2022
OSEL - full time						1	1
Wight Crystal-	full time					4	4
Wight Crystal	—part time					3	3
Way Forward	—full time					18	18
Way Forward	—part time					4	4
Working Towards Wellbeing			—full time			6	7
Working Towards Wellbeing			—part time			1
						37	37
No employees	received emoluments			in excess of660,000.
Key personnel	employed	during the year were as follows:
iob Role Total	compensation
Chief Executive Officer; 650,885
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
					Unrestricted	Restricted	Tota I
					funds	funds	funds
					6	6	E
INCOME AND	ENDOWMENTS		FROM
Donations and	legacies				8,454	505	8,959
Charitable activities
Wight Crystal					286,770		286,770
Way Forward					516,745		516,745
Working Towards Wellbeing					2,515	228,647	231,162
Investment income					2,048		2,048
Other income					17,454		17,454
Total
EXPENDITURE	ON
Charitable activities
Wight Crystal					285,299		285,299
Way Forward					526,083		526,083
Working Towards Wellbeing					203	186,920	187,123
Living Well					189		189
Total					811,774	186,920	998,694
NET INCOME					22,212	42,232	64,444
Transfers between funds					12,830	(12,830)

					Unrestricted	Restricted	Tota I
					funds	funds	funds
					E	E	f
Net movement in	funds				35,042	29,402	64,444
RECONCILIATION	OF FUNDS
Total funds brought		forward			491,027	85,435	576,462
TOTAL FUNDS CARRIED FORWARD					526 069	114837	640906
TANGIBLE FIXEDASSETS
				Fixtures
			Plant and	and	Motor
			machinery	fittings	vehicles	Recipes	Totals
			E	f	E	f	E
COST
At 1April 2022			331,212	32,435	109,425	9,000	482,072
Additions Disposals			30,700	9,609	22,990 ~14,275)		63,299 ~14,275)
At 31March 2023			361,912	42,044	118,140	9,000	531,096
DEPRECIATION
At 1April 2022			313,477	25,433	67,447	7,800	414,157
Charge for year Eliminated on disposal At 31March 2023			12,307 325,784	4,200 29,633	18,851 ~9,755) 76,543	1,200 9,000	36,558 ~9,755) 440,960
NET BOOK VALUE At 31March 2023 At 31March 2022			~36 128 ~17735	~12411 ~7002	~41 597 ~41978	~1200	~90 136 ~67915

STOCKS
						2023f	2022 E
Raw materials	&finished		goods			42,073	26,988
Water cooler	stocks					23,905	19,122
						~65 978	~46 110
DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
						2023	2022
						f	E
Trade debtors						94,866	92,728
Other debtors						9,010	7,010
VAT						1,373
Prepayments	and accrued			income		6,001	6,920
						~111250	~106658
CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
						2023	2022
						E	E
Trade creditors						14,244	20,430
Social security	and other		taxes			11,326	11,395
VAT							2,177
Other creditors						5,730	2,766
Accrued expenses						9,329	8,260
						~40 629	~45 028
ANALYSIS OF	NET ASSETS			BETWEEN FUNDS
						2023	2022
				Unrestricted	Restricted	Tota I	Tata I
				funds E	funds f	fundsf	funds f
Fixed assets				90,136		90,136	67,915
Current assets Current liabilities				533,684 ~40,629) ~583 191	146,670 ~146670	680,354 ~40,629) ~729861	618,019 ~45,028) ~640906

MOVEMENT IN	FUNDS
					Net	Transfers
					movement	between	At
			At	1.4.22	in funds	funds	31.3.23
				f	f	f	f
Unrestricted funds
General fund			470,237		50,936	5,000	526,173
Theatre Fund				2,576	1,286		3,862
Customer's New Kitchen				256	(100)		156
Contingency Fund				53,000			53,000
			526,069		52,122	5,000	583,191
Restricted funds
Working Towards Wellbeing			113,370		31,833		145,203
Asdan				962			962
Mini Bus					5,000	(5,000)
Festival fund from Asda				505			505
TOTAL FUNDS			114,837 ~640 906		36,833 ~88955		146,670 ~729861
Net movement	in funds,	included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					f	f	f
Unrestricted funds
General fund Theatre Fund Customer's New Kitchen					1,063,358 2,188 1,065,546	(1,012,422) (902) ~)00) (1,013,424)	50,936 1,286 ~)0~) 52,122
Restricted funds
Working Towards Wellbeing					240,988	(209,155)	31,833
Mini Bus TOTAL FUNDS					5,000 245998 3»53	~209155) ),»,5 8)	5,000 35833 88955

		Net	Transfers
		movement	between	At
	At 1.4.21f	in funds f	fundsf	31.3.22 f
Unrestricted funds
General fund	487,574	22,212	(39,549)	470,237
Theatre Fund	2,576			2,576
Customer's New Kitchen	322		(66)	256
Allotment Fund Contingency Fund	555		(555) ~53000	~53000
	491,027	22,212	12,830	526,069
Restricted funds
Working Towards Wellbeing	84,473	41,727	(12,830)	113,370
Asdan	962			962
Festival fund from Asda		505		505
TOTAL FUNDS	85,435 ~576462	42,232 ~64 444	~12,830)	114,837 ~640 906

		Incoming	Resources	Movement
		resourcesf	expendedf	in funds f
Unrestricted	funds
General fund		833,986	(811,774)	22,212
Restricted funds
Working Towards Wellbeing		228,647	(186,920)	41,727
Festival fund	from Asda	505		505
				42,232
TOTAL FUNDS		1863138	~9986943	64444

		Net	Transfers
		movement	between	At
	At 1.4.21f	in funds f	fundsf	31.3.23 f
Unrestricted funds
General fund	487,574	73,148	(34,549)	526,173
Theatre Fund	2,576	1,286		3,862
Customer's New Kitchen	322	(100)	(66)	156
Allotment Fund Contingency Fund	555		(555) ~53000	~53000
	491,027	74,334	17,830	583,191
Restricted funds
Working Towards Wellbeing	84,473	73,560	(12,830)	145,203
Asdan	962			962
Mini Bus		5,000	(5,000)
Festival fund from Asda	85,435	505 79,065	~17830)	505 146,670
TOTAL FUNDS	~576462	~153399		~729861

	Incoming	Resources	Movement
	resources f	expended f	in funds f
Unrestricted funds
General fund Theatre Fund Customer's New Kitchen	1,897,344 2,188 1,899,532	(1,824,196) (902) ~00) (1,825,198)	73,148 1,286 ~0) 74,334
Restricted funds
Working Towards Wellbeing	469,635	(396,075)	73,560
Mini Bus	5,000		5,000
Festival fund from Asda TOTAL FUNDS	505 475140 3 6	~396,075) ), , 3)	505 79065