REGISTERED COMPANY NUMBER: 02225130 (England and Wales}
REGISTERED CHARITY NUMBER: 11)07947
REPORT OF THE TRUSTEES AND
FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
OSEL ENTERPRISES LIMITED
Bright Brown Limited
Chartered Accountants
Statutory Auditor
Exchange House
St. Cross Lane
Newport
Isle of Wight
P030 5BZ

OSEL ENTERPRISES LIMITED
CONTENTS OFTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Report of the Tru5tee5
Report of the Independent Audilors
Statement of Financial Activities
io
BalancÉ Shèet
li
Cash Flow Statement
12
Notes to the Cash Flow Statement
13
Notes to the Financial Statements
14 to 26

OSEL ENTERPRISES LIMITED (REGISTERED NUM8ER: 02Z25130)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also dirertors 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 31 March 2025. The trustees have adopted the provision5 of Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and principle activity
Osel Enterprise5 Ltd is an inclusive. outstanding 5UPPOrt, education and learning service based on the151e of Wi8ht. Established to
provide work for people with disabilities. Osel Enterprises continues to encourage independence and promote community groups,
offerins ASDAN education. arranging volunteering and working with local employers to offer paid employment opportunities.
Osel Enterprises Ltd is managed by a board of Directors resident on the Isle of Wight. All are actively involved in the local
community.
Public benefit
The trustees have paid due regard to the guidance from the Charity Commission regarding public benef it and what activities the
charity shou Id undertake within this. The charity seeks to operate within the community, offering emplDyment, education and
person-centred support to people with a leaming disability or people recovering from mental health issues.
STRATEGIC REPORT
Achievements and performance
Manager's Report
l am proud to Say that Osel Enterprises Ltd, h35 continued to offer outstanding services during a challenging budget year. Our eth05
is to inspiro peoplo with disabilities and individuals recovoring from montal health issues who are referred to us. We ensuro they
play a full part in our local community and ensure that the support and products we provide continues to meet customer/funding
requirements by listening and actin8 upon feedback.
Way Fonvard offers the best Learning Disability Day services on the Island. We offer person-centred support through a variety of
daily sessions. The sessions on offer fit into four categories: encourage independence. improve self-worth. social skills and
education. New customers try out taster days at Way Forward and enjoy a unique programme of activity at the centre.
Alternatively, they can choose bespokelperson centred one to one support in the community. We also offer respite
accommodation in Cowes: this offer5 fun packed short break5 to encourage independence and give parent5lcarers a well-earned
break.
Working Toward5 Wellbeing continues to expand its services due to excellent job retention/employment result5. Phone ffleetinB5
are still popular- we are offering more face-to-face meetings in community settings this year. Referral numbers are increasing and
we are looking at adding to the team in 2026 due to a new employment contract from the Department for Work and Pension5
IDWPI.
The tnain five-year contract for Primary Employment Advice and Support Service is up for review in 2027. N HS151e of Wight has
plans to merge with other South Coast trusts to improve efficiency and release money to improve seNices and to reduce costs.
Page I

OSEL ENTERPRISES LIMITED (REGISTERED NUM8ER: 02Z25130)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Wight Crystal has updated its produtt offer to reflect the chan8ing public attitude towzrd5 sinBle use plastics. Our customers are
offered a selection of recycled. recyclable, biodegradable and compostable products and we remain alert to changing consumer
trends.
Lowering costs by working more efficiently and not replacing staff has helped Wight Crystal fulfil its orders on time and in full. We
are looking forward to new and existing events returning in 2025 and look fornvard to a busy Summer. Event accornmodation and
marketing will be reviewed after the summer.
Wight Crystal is collaboratin8 Wlth a local provider to increase our e-mail campaigns Using Mail Chimp and other CRM services.
Staff retention 15 exceptionally Bood, especially in the Health and Soaal Care Sector, we look after staff by offering a competitive
hourly rate and benefits. We have a small team of volunteers that are very loyal and are an important addition to the staff team.
Cafe 62 is opening in June/July 2025, we are in discussions with the NHS re8ardin8 the kitchen specifications ready for the summer.
This Café will provide an exclusive sp3ce for patients using the Health and Wellbeing Centre and will also be open the public.
Flnanclal results
Again. the charity enjoyed a successful but inevitably challenging year. with new customers and referra15 joining Way Forward,
Wight Crystal and Working Towards Wellbeing.
The charity enjoys an enviable reputation for delivering quality support. always exceeding the expectation of its service users.
Putting money back into our services and ihe continual development of our 51aff, despite the challenges of the cost-of-living cri515
and the continual tightening of local budget5, osel ha5 continued to operate safely. Currently we employ 35 people and have
utilised the governments funding schemes wherever possible. We have an excellent, stable workforce, valuing our staff creates
opportunities for development. which in turn encourages long service. Recognising our talented team members has helped stabilise
all three enterprises and produces outstanding results.
osel Enterprises Ltd is determined to continually improve its service5, products. and internal working practices. We strive to stay
ahead of the competition and to be an efficient forward-thinking charity that stands out from all other social enterprises on the
Island.
We expect the coming months and full year to be challenging because of the cost-of-living crisis and the inevitable tightening of
local and national funding for people with Learning Disabilities and Mental111 Health.
Financial review
Financial p05ilion
Total income for the year was £1,399,362 including £1.140,537 from unrestricted activities and £258,825 from restricted activities.
Total expenditure in the year was £1,311,197 including £1.117.752 from unrestricted activities and £193.445 from restricted
activities. This resulted in a total Operating surplus of £88.165 consisting of £22.785 in respect of unrestricted activities and £6S,380
in respect of restricted activities.
Principal f unding sources
Principal sources of income are:
Sales of Wight Crystal products
Funding from NHS for Services
Income from provision of support seNices
These incomes are generated and used to support the objectNes ofthe charity as noted above.
Page 2

OSEL ENTERPRISES LIMITED (REGISTERED NUM8ER: 02Z25130)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Financlal review
ReseNes policy
The trustee5 consider that the unrestricted funds, which are the free reserves of the charity, should be maintained at a level which
equates to approximately four months expenditure.
The current level of unrestricted reseNes are E611.129 and are £123,837 after excluding fixed assets and designated f unds which
means the charity Is in line with the policy although part of the reserve is asset based. The trustees will continue to monitor the
funds levels to ensure thi5 15 maintained and plan to use Surpluses when achieved to bolster cash reserves held.
Challenges
Way Forward
As ever, the challenge with Services is trying to make the books balance when the Isle of Wisht Council cannot afford to pay our
current session and one to one support rates. Rate shortfalls must be invoiced directly to the customers, parents/carers, this puts
pressure on families already struggling to make ends meet.
Wight Crystal
The focus on reducin8 plastic is a threat to our small product offer, introducing gla55 Options has helped and we will continue to
source alternative products giving our customer a choice. We introduced new flavours at the beginning of last year, this created lots
of posltive marketing activity and new customers.
Working Towards Wellbeing
Due to our reliance on the NHS and DWP fundin& Working Towards Wellbeing is applying for other funding sources to help secure
its future. An employers, service has been created to offer return to work employment advice and support. The ma in fivo-year
contract fDr the Employment Advice and Support Service is up for review in 2027. NHS Isle of Wight will merge with other South
Coast trusts to improve eff iciency and release money to improve services on offer.
Cafe 62
This is our newest onterprise for 2025 and will add awareness about the charity and what wo can provide. Using locally sourced
products and services. this has a communty feel.
Page 3

OSEL ENTERPRISES LIMITED (REGISTERED NUM8ER: 02Z25130)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Future plans
The Future
Osel Enterprises Ltd turnover and profit have continued to grow. Using local funding opportunities and applying for new service
contract5 will allow us to keep irnprovins our services and provide support for the people that need it.
The head office building at 7 Daish Way, Newport will be offered to purchase rather than lease in 2028, and we hope we can use
some of our reserve5 to purchase it to invest in the future.
Objectives for 2025-2028
During the next three years we will need to merge more back-office funrtions and invest in more IT to reduce costs and improve
efficiency.
Staff recruitment is key over the next three years: we are looking at apprenticeship schemes to help u5 find employees that w2 can
train to help strengthen our loyal and resilient staff team.
Due to growing reserves Ifrom investments and fundin8 successesl we will look to buy existing rental premises to help secure the
long-term future of the charity.
Like many organisations, the charity is working a lot harder and thinkin8 creatively to rnaximise opportunities. We are constantly
increasing our product offer and services, gaining local support and applying for funding is essential.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by it5 governing document, a deed of trust, and constitutes a limited company, limited by guarantee, a5
defined by the Companies Act 2006.
Trustees, organlsatlon and management
The business of the charitable company is managed by the board of trustees; the number of trustees is not subject to a maximum.
The trustees hold adhoc meetin85 but the Chairman in particular also has constant weekly contact with the chief executive officer
who runs the charity on a day to day basis.
Prospective directors/trustees are initially approached by a member of the board. prior to such nomination beinE proposed at a
board meeting, and subject to Such proposal receiving the support of the board, the proposed new trustee is then invited to join
the board and followin8 his/her acceptance is fully briefed as to charity matters and it's aims and objectives at the f irst board
meeting which he/she attends. There are no formal policies or procedures for the induction and training of trustees.
The arrangements and Setting of pay levels of key management personnel are dealt with in trustee meeting5 from time to time and
a number of factor5 are used to make the decision such a5 charity performance, employee performance and general economic
factors at the time of the review. The overall performance of the charity and how it achieves it5 charitable objectives is the usual
benchmark of the review and therefore major factor of the pay discussions is the financial and non-financial outcomes, achieved or
not, during the relevant period.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
0222513Q (England and Wales)
Registered Charity number
1007947
Page 4

OSEL ENTERPRISES LIMITED (REGISTERED NUM8ER: 02Z25130)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Re815tered office
7 Daish Way
Dodnor I ndustrial Estate
Newport
Isle of Wight
P030 5XJ
Trustees
C P Boswell
D L Holmes
C A Dennett
M Reed
Auditors
Bright Brown Limited
Chartered Accountants
St3tutory Auditor
Exchange House
St. Cross Lane
Newport
Isle of Wight
P030 5BZ
Bankers
HSBC
101 St James Street
Newport
Isle of Wight
P030 IHX
Solicitors
Eldridges
Avenue House
Avenue Road
Freshwater
151e of Wight
P040 9UZ
Page 5

OSEL ENTERPRISES LIMITED (REGISTERED NUM8ER: 02Z25130)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of Osel Enterprises Limited for the purposes of company lawl are responsible for preparing
the Report of the Trustees and the financial statement5 in accordance with applicable law and United Kingdom Accounting
Standard5 Iunited Kingdom Generally Accepted Accounting Practice).
Company law require5 the trustees to prepare financial statements for each financial year which give a true and fair view of the
state of affairs of the charitable company and of the incoming resources and application of resources. including the income and
expenditure, of the charitable company for that penod. In preparing those financial statements, the trustees are required to..
Selert suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charity SORP
Make judgements and estimates that are reasonable and prudent
Prepare the financial statements on the going concern basis unless It is inappropriate to presume that the
charitable company will continue in business
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the
financial position of the charitable company and to enable them to ensure that the financial staten)ents comply with the Companies
Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
I n so far as each of the persons who was a trustee at the date of approving this report is aware..
There is no relevant audit information of which the charitsble company's auditors are unaware- and
The Trustees have taken all steps they ou8ht to have taken to make themselves aware of any
relovant audit information and establish that the auditors are aware of that information.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the
charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
AUDITORS
The auditors, Bright Brown Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Report of the trustees. incorporating a strategic report. approved by order of the board of trustees. as the company directors, on 22
December 2025 and Signed on the board's behalf bv:
D L Holme5- Trustee
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
OSEL ENTERPRISES LIMITED
Opinion
We have audited the financial statements of OSEL Enterprises Limited (the 'charitable company'l for the year ended 31 March 2025
which comprise the Statement of Financial Activitie5, the Balance Sheet, the Cash Flow Statement and note5 to the financial
statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice).
I n our opinion the financial statements-.
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and
application of resources. including its income and expenditure. for the year then ended,-
have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice. and
have been prepared in accordance with the requirefflent5 of the Companies Att 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK} IISAS IUKI) and applicable law. Our
responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements
section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant
to our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical
respDn5ibilitie5 in accordance with these requirernents. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to goin8 concern
I n auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the
preparation ol the financial statements is appropriate.
Based on the work we have performed, we have not identified any material Ljncertainties relating to events or conditions that,
individually or collertively, may cast significant doubt on the charitable company's ability to continue as a goin8 concern for a period
of at least twelve months from when the financial statements are authDrised for issue.
Our responsibilities and the responsibilities of the trustee5 Wlth respect to going concern are described in the relevant sections of
this report.
Other Informatlon
The Irustees are responsible for the other information. The other infom73tion comprises the infonnation included in the Annual
Report, other than the linancial statement5 and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated
in our report, we do nol express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility 15 to read the other information and, in doin8 so,
consider whether the other information 15 materially inconsistent with the financial statements or our knowledge obtained in the
audil or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatement5, we are required to determine whether this gives rise to a material misstatement in the financial 5taternent5
thernselves. If, based on the work we have performed, we conclude that there 15 a material mi5Statement of this other information,
we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters pres¢Tibed by the Companies Act 21J)6
I n our opinion, based on the work undertaken in the course of the audrt-.
the information given in the Report ol the Trustees for the financial year for which the fina ncial statements are prepared is
consistent with the financial statements- and
the Report of the Trustees has been prepared in accordance with aK)licable legal requirements.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
OSEL ENTERPRISES LIMITED
Matters on which we are required to report by exception
I n the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit,
we have not identified material mi55tatements in the Report of the Trustee5.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our
opinion,,
adequate accounting records have not been kept or returns adequate for our audit have not been received frorn branches not
visited by us,. or
the f inancial statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees. remuneration specifi.ed by law are not made.. or
we have not received all the information and explanation5 we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees {who are also the directors of the charitable
company for the purposes of company laivl are responsible for the preparation of the financial statement5 and for being satisfied
that they give a true and fair view, an(J for such internal control as the trustees determine 15 necessary to enable the preparation of
financi21 statements that are free from material misstatement. whether due to fraud or error.
I n preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to continue as a
going concern, disclosing. as applicable, rnatters related to going concem and using the going concern basis of accounting unless
the trustees either intend to liquidate the charitable company or to cease operation5, or have no realistic alternative but to do 50.
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
OSEL ENTERPRISES LIMITED
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements a5 a whole are free from material
misslatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion.
Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI will
always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if,
individually or in the aggregate, they could reasonably be expected to influence the ecovomic decision5 of user5 taken on the basi5
of these financial statements.
The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below..
I rre8ularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our
responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. The eKtent to which
our procedures are capable of detecting irregularitie5. includin8 fraud 15 detailed below-.
Based on our understanding of the charitable company, the principal risks a￿ that of management override of controls, potential
fraud in revenue recognition, potential diversion of cash income. The engagement team considered these risks and audit
procedures were undertaken as follows=
Discussions with management regarding the ability to override controls and review of processes in
place to confirm no override had occurred.
Extension of sample sizes relatin8 to revenue reco8nition.
The audit team remained aware of the possibility of the diversion of cash income during the course of
the audit.
There are inherent limitations in the audit procedures described above. and the further removed non-compliance with laws and
regulations is from the events and transartions reflected in the financial statements, the less likely we are to become aware of it.
The risk of not detecting a material misstatement due to frajd is higher than the risk of not detecting one resulting from error as
fraué may involve deliberate concealment or intentional misrepresentations.
A further des(ription of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's
website at wvM.frc.org.uk/auditorsresponsibilitie5. This description fomis part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Art 2006. Our audit work has been undertaken so that we might state to the charitable company's members those
matters we are requireé to state to them in an auditors. report and for no other purpose. To the fullest extent permitted by law. we
do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a
body, for our audit work. for thi5 report, or for the opinion5 we have formed.
David Steven5 A.C.A. (Senior Statutory Auditor)
for and on behalf of Bright Brown Limited
Chartered Accountants
Statutory Auditor
Exchange House
St. Cross Lane
Newport
Isle of Wight
P030 5BZ
22 December 2025
Page 9

OSEL ENTERPRISES LIMITED
STATEMENT OF FINANCIAL AcfiviTIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
fund5
Restricted
funds
Notes
INCQME AND ENDOWMENT5 FROM
Donations and leBacies
8,439
2D,677
29,116
19,213
Charitable activities
Wight Crystal
Way Forward
Workin8 Towards Wellbeing
395,680
726.538
395,680
726.538
238.148
387,941
654,001
236,028
238,148
I nvestment income
Total
9,880
1,140,537
9,880
1,399,362
6,572
1,303,755
258.825
EXPENDITURE ON
Charitable activities
Wight Crystal
Way Forward
Working Towards Wellbeing
Living Well
Totsl
384,322
732.845
384.322
732.845
193,445
585
1,311,197
333,194
729,311
188,088
68
1,250,661
193.445
585
1,117,752
193,445
NEf INCOME
22.785
65,380
88,165
53,094
RECONCILIATION OF FUNDS
Total funds brought forward
588,344
194,611
782,955
729,861
TOTAL FUNDSCARRIED FORWARD
611 129
259 991
871,120
782 955
The notes form part of these financial statements
PaBe 10

OSEL ENTERPRISES LIMITED (REGISTERED NUM8ER: 02Z25130)
BALANCE SHEET
31 MARCH 2025
2025
2024
Notes
FIXED ASSETS
Tangible assets
12
428,806
433,562
CURRENT A55ET5
Stocks
Debtors
Cashat bank and in hand
13
14
63,066
121,535
324,128
508,729
64,452
81,490
265,092
411.034
CREDITORS
Amounts falling due within one year
15
{66,4151
161,6411
NEf CURRENT ASSETS
442,314
349,393
TOTAL ASSETS LESS CURRENT LIABIUTIES
871,120
782,955
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
TOTAL FLINDS
871120
782 955
17
611,129
259,991
871120
588,344
194,611
782 955
The financial statements were approved by the Board of Trustees and authorised for issue on 22 December 2025 and were signed
on its behalf by..
D L Holmes- Trustee
The notes form part of these financial statements
PaBe 11

OSEL ENTERPRISES LIMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Noles
Cash flows from operating activities
Cash generated from operations
Net cash provided by operating activitie5
97.513
97,513
145.592
145,592
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangiblè f ixed assets
I nterest received
Net cash used in investing activities
(53.3571
5,000
9.880
138,4771
(398,532}
8.334
6,572
1383.626)
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reportlng perlod
59,036
(238,034}
265,092
503,126
324.128
265.092
The notes form part of these financial statements
PaBe 12

OSEL ENTERPRISES LIMITED
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES
2025
2024
Net income for the reporting period las per the Statement of Financial
Activities)
Adjustments for".
Depreciation charges
Prof it on disposal ot fixed assets
Interest received
Decrease in stocks
11 ncreasel/decrease in debtors
Increase in creditors
Net cash provided by operations
88,165
53,094
58,112
15,0001
{9,8801
1,386
140.0461
4,776
49,755
12,983)
16.572)
1.526
29,761
21,011
145 592
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
Cash flow
At 31.3.25
Net cash
Cash at bank and in hand
265.092
265,092
265 092
59,036
59,036
324,128
324,128
324 128
Total
The notes form part of these financial statements
PaBe 13

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
Basis of preparing the financial ststements
The financial Statements of the charitable cornpany, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities-. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financi31 Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective l January 20191., Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the U K and Republic of Ireland. and the Companies Art 2006. The financial statements have been
prepared under the historical cost convention.
The charitable company is registered in England and Wales and 15 limited by guarantee. The financial Statements are
presented in Sterlin& which is the function21 currency of the charitable company. There are no material uncertainties about
the charity's ability to continue. The charity constitutes a public beneFIt entity as def Ined by FRS 102.
Key sources of estlmatlon uncertainty
Tangible fixed assets are depreciated over their useful economic lives taking into account residual values, where
appropriate. The actual lives of the assets and residual values may vary depending on a number of factors. Factors affecting
the lives of assets include technological innovation and maintenance programmes.
Income
Voluntary Income
Donations are recognised in the Statement of Financial Activities once the charitable company has entitlement to the funds,
it is probable that the income will be received and the amount can be measured reliably, this is generally upon receipt of
the donation.
Investment Income
Interest receivable is recognised over the period it is accrued except where there are conditions imposed that must be met
before interest is recieved. Where this is the case the income 15 recognised once the conditions have been met.
Charltable Actlvltles
Income from trading actNities is recognised, net of VAT and all other sales taxes when the goods are delivered or services
are provided.
Grants are recognised when uncondition31 entitlement to the income is passed to the charitable company. Where there are
performance related terms and conditions that mugt be met before unconditional entitlement passes to the charitable
company. the income 15 recogni5ed once it is highly probable that these will be met. Where no such condition5 exist the
income is recognised when it is received.
Expenditure
Liabilities are recognised a5 expenditure as 500n 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 basi5 and has been classified under
headings that aEgreEate all cost related to the category. Where costs cannot be dirertly attributed to particu12r headings
they have been allocated to artivities on a basis consistent with the use of resources.
Allocation and apportionment of costs
The only costs not already directly attributed to an activity are govemance costs. These have been apportioned evenlv
between the non-restricted activities of the charity.
Page 14
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES-continued
Tangible fixed ossets
Depreciation is provided at the following annual rates in order to write off each a55et over its estirnated useful life..
Freehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Recipes
Straight line over 50 years
Straight line over 4 or 5 years
Straight line over 4 or 5 year5
Straight line over 4 or 5 year5
Straight line over 5 years
Stocks
Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow moving
iterns.
The value of finished goods is calculated by using hourly labour rates divided by number of products in a set. plus the value
of raw materials. Overheads of production 3re not fartored into the valuation formulae.
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 purwses within the objects of the charity. Rostrirtions arise when
specified by the donor or when funds are raised for particular restritted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Penslon costs and other post-retlrement beneflts
The charitable company operates a defined contribution pension scheme. Contribulions payable to the charitable
company's pension scheme are charged to the Statement of Financial Artivities in the period to which they relate.
Financial instruments
The charity only has financial assets and financial liabilities of the kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at transaction value and debt in5trument5 are 5ub5equently measured at
amortised cost.
Judgements in applying accountire policies
In preparing these financial Statements the trustees have made the following judgements..
Determining whether income is restricted or unrestricted. These decisions depend upon the whether the donor has given
the income subjert to certain terms or conditions which impose a restriction in trust law.
Page 15
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
DONATIONS AND LEGACIES
2025
2024
Donations
INVESTMENT It4COME
2025
2024
Deposit account interest
INCOME FROM CHARITABLE ACTIVITIES
2025
2024
Artivity
Wight Crystal
Wight Crystal
Wight Crystal
Wight Crystal
Wight Crystal
Way Fo￿ard
Way Forward
Way FonNard
Sales
Support contracts
Acces5 to Work Income
Activities income
Miscellaneous income
Sales
Support contracts
Access to Work Income
Travel & expenses
reimbursed by client
Activities income
Miscellaneous income
Grants
377,000
38
18,642
368,518
16,389
1,199
1,835
1,328
589,588
5,463
1,140
647,606
11,163
Way Forward
Way Fo￿ard
Way Forward
WorkinE Towards Wellbeing
36,247
28,387
1,995
238.148
1360 366
29,845
20,190
7,587
236.028
1 277,970
Grants received, included in the above. are as follows:
2025
2024
NHS Hampshire IOW ICB IWorkingTowards Wellbeing)
Working Towards Wellbeing
NHS Talking Therapies EA
NHS Talking Therapies Data Collertion
Family support service
119,221
112.583
540
99.949
7,200
15,756
236,D28
111,499
7,428
238,148
Page 16
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
Support
costs Isee
note 71
Totals
Wi8ht Crystal
Way Forward
Working Towards Wellbeing
Livin8 Well
381,409
727.997
191,032
585
1301 D23
2,913
4,848
2,413
384,322
732,845
193,445
585
1 311,197
DIRECT COSTS OF CHARITABLE ACllVITIES
2025
2024
Staff costs
Rent
Rates & water
Insurance
Light & heat
Telephone and computer costs
Postage, stationery & marketing
Advertising
Wight Crystal cost of sales
Client expenses
Staff training
Establishment expenses
Repairs & renewals
Bank & other financial charEes
Motor & travel
Bad debts & provision written back
Legal & professional fees
General administration expenses
Staff clothing
Equipment hire
Health, safety & welfare
Allotment expenses
Donations to others
Depreciation
L05S On sale of assets
828,258
56,559
8,884
14,008
9,207
34,324
4,678
9,321
100.168
65,125
3,516
11,336
26,419
3,316
44,669
257
772,513
54.814
5,247
8,856
19.551
22,878
3.901
5,tE4
106,434
60.011
4,660
11.826
54.270
3,187
38.980
322
889
9.881
641
3.139
5.119
226
520
49,755
12.983)
1 239 701
12,157
1,562
6,536
7,473
138
58,112
5,0001
1301023
Page 17
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
SUPPORT COSTS
Governance
COSt5
Wight Crystal
Way Forward
Working Towards Wellbeing
2,913
4.848
2.413
10,174
NET INCOME/(EXPENDITURE}
Net incomel(expenditure) is stated after chargingllcreditingl:
2025
2024
Auditors, remuneration
Depreciation - owned a55ets
Other operating leases
Surplus on disposal of fixed assets
ID,174
58,113
56,559
10.960
49.755
54,814
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor forthe year ended 31 March
2024.
Trustees. expense5
There were no Irustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
io.
STAFF COSTS
2025
2024
Wages and salaries
Social security costs
other pension costs
755,674
54,608
17,976
828 258
708,422
47.701
16.390
772 513
Page 18
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
io.
STAFF COSTS- continued
The average monthly number of employees during the year was as follows:
2025
2024
OSEL- full time
Wight Crystal - full time
Wight Crystal- part time
Way Forward - full time
Way Forward - part time
Working Towards WellbeinB - full time
Working Towards Wellbeing- part time
18
18
35
37
No employees ￿ceiVed emoluments in excess of £60,￿0.
Key personnel employed durin8 the year were as follows:
Job Role Tot31 compensation
Chief Executive Officer.. £52,556
ii.
COMPARATIVE5 FOR THE STATEMENT OF FINANCIAL ACTIVITIES
ijnrestricted
funds
Restrirted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
19,213
19,213
Charltable activitles
Wight Crystal
Way Forward
Working Towards Wellbeing
387,941
654,001
387,941
654,001
236,028
236.028
Investment income
Total
6,571
1,067,726
6,572
1,303,755
236.029
EXPENDITURE ON
Charitable artivities
Wight Crystal
Way Forward
Working Towards Wellbeing
Living Well
Total
333,194
729.311
333,194
729,311
188,088
68
1250 661
188,088
68
1.062.573
188,088
NET INCOME
5,153
47,941
53,094
Page 19
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
ii.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- continued
Unrestricted
funds
Restricted
fund5
Total
funds
RECONCILIATION OF FUNDS
Total funds brought fonuard
583.191
146.670
729,861
TOTAL FUNDS CARRIED FORWARD
588.344
194.611
782 955
12.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Plant and
machinery
COST
At l April 2024
AdditiDns
Disposals
At 31 March 2025
DEPRECIATION
At l April 2024
Charge for year
Eliminated on disposal
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
312.295
372,245
18,167
76,951
312,295
390,412
76,951
6,246
6.246
339,726
15,743
40,341
10,226
12.492
355,469
50,567
299,803
34,943
26,384
Page 20
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
12.
TANGIBLE FIXED ASSETS- continued
Motor
vehicles
Recipes
Tota15
C05T
At l April 2024
Additions
Disposals
At 31 March 2025
DEPRECIATION
At l April 2024
Charge for year
Eliminated on disposal
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
126.793
31.190
{6,4901
151.493
9,000
4,000
897,284
53,357
16,4901
13,000
68.409
25.098
16,4901
87,D17
9,000
800
463,722
58,113
16,4901
515,345
9,800
428 806
433,562
58.384
13.
STOCKS
2025
2024
Raw materials & finished goods
Water cooler stock5
36,934
26,132
40,077
24,375
64,452
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
Other debtors
Prepayments and accrued income
107,599
10,045
3,891
121535
65,219
9,933
6,338
Page 21
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade creditors
Social security znd other taxes
VAT
Other creditors
Accrued expenses
10,800
13,959
1,138
6,826
33,692
24.423
11,180
4.822
7.674
13,542
16.
ANALYSIS OF NET ASSEfs BEfwEEN FUNDS
2025
Total
funds
2024
Total
funds
Unre5tritted
funds
Restricted
funds
Fixed assets
Current assets
Current liabilities
428.806
248,738
66.4151
611129
428,806
508,729
66,415}
871120
433,562
411,034
61,6411
782 955
259,991
259,991
17.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.25
At 1.4.24
Unrestrirted funds
General fund
Theatre Fund
Customer's New Kitchen
Contingency Fund
530.804
4,413
127
53.000
588,344
21,839
946
552,643
5.359
127
53,000
611,129
22,785
Restrlrted funds
Way forward
Working Towards Wellbeing
Asdan
Festival fund from Asda
20,677
44,703
20,677
237,847
962
505
259,991
871120
193.144
962
505
194,611
782 955
65,380
TOTAL FUNDS
Page 22
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMENT IN FUNDS- continued
Net movement in fund5, Included in the above are asfollows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Theatre Fund
1,135,907
4.630
1,140,537
11,114,068)
13,6841
{1,117,7521
21,839
946
22.785
Restrirted funds
Way forward
Workitbg Towards Wellbeing
20,677
238.148
258,825
20,677
193,4451
(193,4451
65,380
TOTAL FUNDS
Comparatives for movement in funds
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestricted fund5
General fund
Theatre Fund
Customer's New Kitchen
Contingency Fund
526.173
3,862
156
53.000
583,191
4,631
551
1291
530.804
4,413
127
53,000
588.344
5,153
Restrirted funds
Working Towards Wellbeine
Asdan
Festival fund from Asda
145,203
962
505
146,670
729 $61
47.941
193,144
962
505
194,611
782 955
47,941
TOTAL FUNDS
Page 23
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Theatre Fund
Customer's New Kitchen
1,065.314
2.412
11,060,683)
11,8611
291
(1.062,5731
4.631
551
291
5,153
1.067.726
Restrirted funds
Workitbg Towards Wellbeing
236.029
1188,0881
47,941
TOTAL FUNDS
1303 755
1250 6611
A current year 12 month5 anij prior year 12 month5 combined position is a5 follows:
Net
movement
in funds
At
31.3.25
At 1.4.23
Unrestricted funds
General fund
Theatre Fund
Customer's New Kitchen
Contingency Fund
526,173
3.862
156
S3,￿0
583,191
26,470
1.497
1291
552,643
5,359
127
53,000
611.129
27,938
Restrirted funds
Way forward
Working Towards Wellbeing
Asdan
Festival fund from Asda
20,677
92,644
20,677
237,847
962
505
259,991
871 120
145,203
962
505
146,670
729 861
113,321
141259
TOTAL FUNDS
Page 24
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMENT IN FUNDS- continued
A current year 12 month5 and prior year 12 months Combined net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Theatre Fund
Customer's New Kitchen
2,201.221
7.042
12,174,751)
15,5451
291
(2.180,3251
26,470
1,497
291
27,938
2.208.263
Restrirted funds
Way forward
Working Towards Wellbeing
20.677
474.177
494,854
2 703.117
20,677
92,644
113,321
141 259
381,5331
381,5331
2 5618581
TOTAL FUNDS
Designated Fund5
The theatre fund is donation5 toward5 and income generated from production5 of various 5how5 Put on by Way Forward.
The contingency fund is a redundancy reserve fund to protect the services funded by NHS/DWP and the Isle of Wight
council.
The allotment fund is used when funds or donations are received from local companies for the allotrnent.
Restricted Funds
Working Towards Wellbeing is an employfflent Service for people recovering from mental health conditior15,' the service
provides support for referrals to retain or gain employment.
The Asdan fund is both an award scheme and accreditation network. providing educational opportunities for young people,
helping learners develop their personal and social skills through its award programmes and qualifications.
Way Forward Kitchen relates to a one-off restricted grant to fund the installation of a new kitchen at the Way Forward site.
The festival fund trom Asda is used to help finance a festival or party at Way Forward to celebrate customers returning to
the center after COVID-19. The fund had to be used to help charities recover from the lockdown period and to help reduce
increased anxiety levels.
Page 25
continued...

OSEL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
18.
OTHER FINANCIAL COMMITMENTS
The charitable company has comrnitments under non-cancellable operating lease5 for property of £12,734 {2024.. £40,501]
and for plant and machinery of £3,82212024: £6.2371.
19.
RELATED PARTY DISCLOSURES
There were no related party transactions for the yearended 31 March 2025.
PaBe 26

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