2023-03-31-accounts - Osborne Partnership

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

							Page
Trustees'	annual report (incorporating			the	director's	report)
Independent auditor's		report to	the members
Statement	offinancial	activities	(including		income and
expenditure account)							12
Statement	offinancial	position					13
Statement	ofcash flows						14
Notes to	lhe financial	statements					15

			2023		2022
		Note	6
Fixed assets
Tangible fixed assets		18		62,948	16,146
Current assets
Debtors		19	72,704		52,621
Cash at bank and in	hand		981,040		920,579
			1,053,744		973,200
Creditors: amounts	falling due within one year	20	121,426		52,871
Net current assets				932,318	920,329
Total assets less current liabilities				995,266	936,475
Creditors: amounts	falling due after more than
one year		21		23,381
Net assets				971,885	936.475
Funds ofthe charity
Restncted funds					(28.842)
Unrestricted funds				971,885	965,317
Total charity funds		24		971,885	936,475

	Year en	ded 31 March 20	23
			2023	2022
				p
Cash flows from operating	activities
Net income			6,568	123,052
Adjustments for:
Depreciation oftangible fixed assets			13,690	6,272
Other interest receivable and simtar income			(4,575)	(155)
Interest payable and similar	charges		32	62
Accrued (income)(expenses			(15,060)	28.939
Other operating cash flow adjustment			28,842
Changes ini
Trade and other debtors			(20,083)	(13,818)
Trade and other creditors			76,238	826
Cash generated from operations			85,652	145,178
Interest paid			(32)	(62)
Interest received			4,575	155
Net cash from operating activities			90,195	145,271
Cash flows from investing	activailes
Purchase oftangible assets			(60,492)	(9,777)
Net cash used in investing	activities		(60,492)	(9,777)
Cash flows from financing	activities
Payments offinance lease	liabilities		30,758
Net cash from financing actwiaes			30,758
Net increase in cash and	cash equivalents		60,461	135,494
Cash and cash equivalents at beginning		ofyear	920,579	785,085
Cash and cash equivalents at end ofyear			981,040	920,579

value, over the useful economic	life	ofthat asset as	follows:
Fixtures, Fittings & Equipment	-	25% reducing	balance
Motor Vehicles		25% reducing	balance
Computer Equipment		33%reducing	balance
Impairment offixed assets

14.	505 ofthe Taxes Act 1988to the extent that these are appl charges have arisen in the year. Net income	505 ofthe Taxes Act 1988to the extent that these are appl charges have arisen in the year. Net income	505 ofthe Taxes Act 1988to the extent that these are appl charges have arisen in the year. Net income	505 ofthe Taxes Act 1988to the extent that these are appl charges have arisen in the year. Net income	ied to its charitable obje	ctives. No tax
	Net income is stated after charging/(crediting)
					2023	2022
					6	6
	Depreoation	oftangible	fixed assets		13,690	6,272
15.	Auditors remuneration
					2023	2022
	Fees payable	for the audit ofthe		financial statements	8,820	6,090
16.	Staff costs
	The total staff	costs and	employee	benefits for the reporting	penod are analysed as	follows
					2023	2022
					5	6
	Wages and salaries				488,245	369,472
	Social security costs				37,149	24,851
	Employer contributions		to pension	plans	11,591	13,513
					536,985	407,836

20.	Creditors:	amounts	falling due within one year
					2023	2022
					E	E
	Trade creditors				7,539	2,382
	Accruals and deferred		income		35,429	50,489
	Social security and other taxes				8,619
	Obligations	under finance leases and hire purchase		contracts	7,377
	Income in	advance			60,000
	Other creditors				2,462
					121,426	52,871
21.	Creditors:	amounts	falling due after more than	one year
					2023	2022
					E
	Obligations	under finance leases and hire purchase		contracts	23,381
22.	Finance leases and		hire purchase contracts

Finance leases	Finance leases	Finance leases	and hire	purchase contra	cts
The total future			minimum	lease payments	under finance leases and hire purchase	contracts are
as follows:
					2023	2022
					E	F
Not later than		1	year		7,377
Later than	1 year and not			later than 5years	23,381
					30,758