##
##
##
##
##
||||||||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|
##
##
##
|Reference|Reference|and adm|inistrative
|inistrative
|details|details|details||
|---|---|---|---|---|---|---|---|---|
|Registered||charity|name||OSBORNE PARTNERSHIP||||
|Charity|registration||number||1087444||||
|Company||registration||number|03483852||||
|Principal|office and||registered||The Osborne Centre||||
|office|||||Osborne Square||||
||||||Dagenham||||
||||||Essex||||
||||||RM9 5BE||||
|The trustees|||||||||
||||||Mrs. S.Apps||||
||||||Mrs. J.A. Downs||||
||||||Mr. J.Heley||||
||||||Mr. T.Wade||||
||||||Mrs. J.Handley||||
||||||Mrs. K. Day||||
||||||Mrs. S.Wade||||
|Company||secretary|||S.Delaney||||
|Auditor|||||Brindley Goldstein|Limited|||
||||||Chartered
accountants||& statutory|auditor|
||||||103High Street||||
||||||Waltham
Cross||||
||||||Herts||||
||||||EN8 7AN||||
|Bankers|||||LLoyds TSB||||
||||||The Green||||
||||||Stanford-Le-Hope||||
||||||Essex||||
||||||SS17OER||||
|Solicitors|||||Mullis
& Peake||||
||||||Marshalls
Chambers||||
||||||Romford||||
||||||Essex||||
||||||RM1 1QS||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
#
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
#
##
##
#
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||2023|2023|2022|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note|6|6|f|
|Income and endowments|||||||
|Donations
and legacies||||8,427|8,427|6,971|
|Charitable
activities||||18,670|18,670||
|Other trading
activities||||713,110|713,110|675,092|
|Investment
income||||4.575|4,575|155|
|Other income||||||16,700|
|Total income||||744,782|744,782|698,918|
|Expenditure|||||||
|Expenditure
on charitable|activities||10,11|738,214|738,214|575,866|
|Total expenditure||||738,214|738,214|575,866|
|Net income and net movement||in funds||6,568|6,568|123,052|
|Reconciliation
offunds|||||||
|Total funds brought
forward||||965,317|965,317|813,423|
|Total funds carried forward||||971,885|971,885|936,475|
##
##
##
##
||||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||||
##
##
##
##
##
##
##
|5,|Donations|an|d|leg|acies||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||Funds|2023|Funds|2022|
||||||||E|E|E|6|
||Donations||||||||||
||General Donations||||& Fundraising||||||
||Receipts||||||8,427|8,427|6,971|6.971|
|6.|Charitable|activities|||||||||
||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||Funds|2023|Funds|2022|
||||||||E|E|E|E|
||Kitchen Upgrade|||Income|||15,000|15,000|||
||Other income||||||2,068|2,068|||
||Osborne celebrations||||||1,602|1,602|||
||||||||18.670|18,670|||
|7.|Other trading||activities||||||||
||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||Funds|2023|Funds|2022|
||||||||E|E|E|E|
||Trading income||||||713.110|713,110|675,092|675.092|
|8.|Investment|income|||||||||
||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||Funds|2023|Funds|2022|
||||||||E|E|E||
||Bank interest||receivable||||4,575|4,575|155|155|
|9.|Other Income||||||||||
||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||Funds|2023|Funds|2022|
||||||||E|E|F||
||HMRC CJRS||Grant||||||16,700|16,700|
|10.|Expenditure||on|charitable||activities|by fund type||||
||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||Funds|2023|Funds|2022|
||||||||6||E||
||Support costs||||||738.214|738,214|575,866|575.866|
##
##
##
##
##
|||||Support|Total funds|Total fund|
|---|---|---|---|---|---|---|
|||||costs|2023|2022|
|||||||5|
||Support|costs||536,985|536,985|407,836|
||Governance||costs|201,229|201,229|168,030|
|||||738,214|738,214|575,866|
|12.|Analysis|of|support costs||||
|||||Analysis
of|||
|||||support costs
f|Total 2023
6|Total 2022
6|
||Staff costs|||536,985|536,985|407,836|
##
##
|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|
##
##
##
##
##
##
##
##
|Tangible fixe|d assets|||||
|---|---|---|---|---|---|
|||Fixtures and|Motor|||
|||fittings|vehicles|Equipment|Total|
|||F||6|6|
|Cost||||||
|At 1 April 2022||44,354|34.586|11,485|90,425|
|Additions||23,587|36,905||60,492|
|At 31 March|2023|67,941|71,491|11,485|150,917|
|Depreciation||||||
|At 1 April 2022||36.197|32,183|5.899|74,279|
|Charge for the year||3,539|8,289|1,862|13,690|
|At 31 March|2023|39.736|40,472|7,761|87,969|
|Carrying
amount||||||
|At 31 March|2023|28,205|31,019|3,724|62,948|
|At 31 March 2022||8,157|2,403|5,586|16,146|
|Debtors||||||
|||||2023|2022|
||||||F|
|Trade debtors||||56,204|40,228|
|Prepayments|and accrued income|||16,500|12,393|
|||||72,704|52,621|
##
##
##
##
##
##
##
|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||
##
##
##
##
##
##
##
##
||||||||||||At|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||At|||31 March 20|
||||||||1|April 2022
F|Income
8|Expenditure
f|23|
||Unrestricted||Funds|||||965,317|744.782|(738,214)|971,885|
||||||||||||At|
|||||||||At|||31 March 20|
||||||||1 April 2021||Income|Expenditure|22|
|||||||||E|F|E|F.|
||Unrestricted||Funds|||||842,265|698,918|(575,866)|965.317|
|25.|Analysis|of|net assets between|||funds||||||
|||||||||||Unrestricted|Total Funds|
|||||||||||Funds|2023|
|||||||||||E|6|
||Tangible|fixed assets||||||||62,948|62,948|
||Current assets|||||||||1.053,744|1,053,744|
||Creditors|less than||1|year|||||(121,426)|(121,426)|
||Creditors|greater than|||1 year|||||(23,381)|(23,381)|
||Net assets|||||||||971,885|971,885|
|||||||||||Unrestncted|Total Funds|
|||||||||||Funds|2022|
|||||||||||F.|F|
||Tangible|fixed assets||||||||16,146|16,146|
||Current|assets||||||||920.329|920,329|
||Creditors|less than||1|year|||||||
||Creditors|greater than|||1 year|||||||
||Net assets|||||||||936,475|936,475|
|26.|Analysis|of|changes||in net debt|||||||
|Analy|sis
ofchanges
in net debt||||
|---|---|---|---|---|
|||||At|
|||*t1 Apr 2022|Cash flows|31 Mar 2023|
|||E|F|6|
|Cash|at bank and in hand|920,579|60,461|981,040|
|Debt|due within one year||(7,377)|(7,377)|
|Debt|due after one year||(23,381)|(23,381)|
|||920,579|29,703|950,282|