COMPANY REGISTRATION NUMBER: 03483852
CHARITY REGISTRATION NUMBER: 1087444
OSBORNE PARTNERSHIP
Company Limited by Guarantee
Financial Statements
31 March 2024
BRINDLEY GOLDSTEIN LIMITED
Chartered accountants & statutory auditor
103 High Slreet
Waltham Cross
Herts
EN8 7AN

OSBORNE PARTNERSHIP
Company Limlted by Guarantee
Flnancial Statements
Year ènded 31 March 2024
Page
Trustees, annual report {incorporating the directorfs report)
Independent auditor's report to the members
Statement of financial activities (including income and
expenditure account)
Statemenl of financial position
12
13
Statement of cash flows
14
Notes lo the financial statements
15

OSBORNE PARTNERSHIP
Company Limltsd by Guarantee
Trustees, Annual Report (Incorporating the Directovs Report)
Year ended 31 March 2024
The trust88s, who are also the directors for the puq)oses of company law, present their report and the
financial statements of the charity for the year 8nded 31 March 2024.
Roference and administrntlve detalls
Registered charlty name
OSBORNE PARTNERSHIP
Charlty reglstratlon number
1087444
Company roglstratlon number 03483852
Prlnclpal offl¢e and reglstered The Osbome Centre
offlco
Osborne Square
Dagenham
Essex
RM9 5BE
The tru8tee8
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
Audltor
Brindley Gold51ein Limited
Chartered accountsnts & slatutory audrtor
103 High Street
Waltham Cross
Herts
EN8 7AN
Banko
LLoyds TSB
The Green
Stanford-Le-Hope
Essex
SS17 OER
Solicltors
Mullis & Peake
Marshalls Chambers
Romfoid
Essex
RM1 1QS

OSBORNE PARTNERSHIP
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (¢ontlnu¢dJ
Year ended 31 March 2024
Stru¢tur8. gov8rnance and management
Introduction
Osborne Partnership is 8 company limited by guarantee and charity based in the heart of the London
Borough of Barking & Dagenham and viorking with adults with learning disabilities (we call them our
Partners) in a progressive and exciting day support and learning centre al Osborne Square.
Dagenham. Osborne Partnership principally draws its Partners from Barking & Dagenham but also
supports people from the London Boroughs of Havenng. Redbridge, and Newham we can also
support peopte from the London Borough of Waltham Forest.
We support our Partners by working wrth them in a modern-day centre setting and acro88 a number of
different service ar8as.
Our services have been designed wilh Partners to support them to gain invaluable life skills, develop
new skills, encourage independence and empowermenl. and build self-confidence and selfosteem.
Our main aims are to support people with learning disabilities to..
Galn externally accredited qualifications. non-accr8dited in-house certificates, and work
experience.
Gain new Social and life skills to fulfil personal development goals.
Encourage progress along a pathway which fulfils èach Partner's potential.
Raise the proflle of and highlight the contribution Ihal people with learning disabilrties make to
Iheir local community
Engender community cohesion In an area of high deprivation and disadvantage.
We work with a range of external stakeholders to support our Partner progression pathways Into
volunteering andlor paid employment routes Organisations Include
Local 8uthorit￿$
Voluntary seclor organisations
Pnvate buslnesses
Legal Structure
Osbome Partnership is a charilable company havino gained registered charitable status on the 10th
July 2001 (Charity No 1087444)and following on from our incorporation on 19th December 1997 as
Gompany limited by guarantee (Company No. 3483852)
Mlsslon Statement
Osborne Partnership aims to provide meaningful activities wh￿h develop sustainable skblls, encourage
independence, build self-oonfidence and self-esteem thereby empowering ils Partn•rs to lead fijllilled
lives.
Our Vislon
To be recognised as one of the leading providers of accredited and non.accredrted vocational
training and support for people with learning disabilities or other related disadvanlaged
groups
To develop, in consultation with Partners. a comprehensive and varied rarKJe of sustainable
programmes wh￿h provide meaningful activities
Strap Line . "Making a positive difference to people's lives"

OSBORNE PARTNERSHIP
Company Llmltod by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (contlnued)
Year ended 31 March 2024
Chair of the Board of Trustees
Mrs Janet Handley was duly elected as the Chair of the Board of Trustees on the 19th December
2022.
Company Secretary
Mr Steven Delaney, Chief Executive. was duly appointed as Company Secretary on the 19th
December 2022 with no voting rights.
Senlor Manag6m•nt Team
The following positions make up the lotalty of the senior management team.
Chief Executive
Finance & HR Manager
Operations Manager {Qu81ity & lrnprovement)
Operations Manager (Partner Welfare & Support)
The SMT is currentty led by Mr. Steven Delaney. Chief Executive.
Informatlon, Advlcg & Guldance IIAG
IAG is absolutely at the heart of, and core to our service provision across the board. As our core
objectives are to support and progress our Partners personal, social, independent living and practical
skills, it is imperative that we work with Partners within our services lo ensure that we are providing the
best possible IAG that enables them to progress their skills attainment and work towards reaching
their stated goals at Osborne Partnership. That is why we believe it's so important to ensure that Ihe
IAG we offer is accredited by MATRIX. They are a national accreditation kitemark for IAG and
measure against a number of standards of delivery.
Osborne Partnership was successfully reaccredited by the Matrix Standard in December 2023 and Ihis
runs until October 2026.

OSBORNE PARTNERSHIP
Company Limited by Guarantee
Trust86s' Annual Report (Incorporating the Directorfs Report) (contlnued)
Year ended 31 March 2024
ObJecllves and activ1￿e$
lil Relief of hardship for people in the local communrty who have a learning disability. physical
disabilty. mental health problem or other related disadvantaged groups
Illl The advancernenl of education for the same gfOUPS of people detailed in "object li)" 8bove.
(iii) The development of the capacty and skills of socially andl or economic8lly disadvantaged
m8mb8rs of the local communty In Barking & Dagenham and neighbouring boroughs in such a way
that they are better able to identty. and help meet. their needs and to participate more fully in society.

OSBORNE PARTNERSHIP
Company Llmlted by Guarantee
Trust888' Annual Report Ilncorporating the Directo¢s Report> fcontlnuéd)
Year ended 31 March 2024
Achlovements and pèrformance
Key Headllne8 & Achlevement8 {Aprll 2023 - end Pllarch 2024)
The following represents some of the key achievements for Ihe year.
Deliv8r8d 172 placements weekly lo end March 2024.
Delivered services to a total of 60 Partners.
Mainlained existing 5 key Service areas, namely..
o Horticulture Service
o TOP Tea-Room Service
o Arts, Crafts & Performing Arts Service
o TOP Sludio Service
o TOP Recycling Service & Shop
Completed preparation work for the introduction of 8 new ICT SeNice.
Continued to maintain Infection controls post COVID.
Maintained staffing levels with 8 total staffing complement of 24 combining Full Time & Part
Time workers.
Staffing to Partner ratio continues as 1..3 on 3 days per week and 1..4 Iwo days per week.
3 Partners left Osborne Partnership in year and 5 Partners were new joiners.
11 Partners attended average of 2 excutsions weekly (cycling, swimming, sports arena, etc).
Held 4 Partner Council meetings over the period 2023 . 24.
Textiles Collection service - 46 weekly collections over the course of 2023 - 24.
Held 4 'themed' parties lor Partners over the year.
Maint81ned 5 Volunteers over the period but two others left in 2023 - 24.
staff completed suite of training courses (33 specialist areas) ranging from Mentsl Capacity
Act. Safeguarding Vulnerable Adulls, Managing Behaviours that Change, Person Centred
Care, and Food Hygiene loo name but a few.
Selected staff (one from each Service) enrolled onto a new teaching course IL3) to raise
standards in service delivery.
Held the organisations first dedicated Staff Development Day for training and quality
purposes.
Implemented a new organisational database (Storii) across all serrfices.
Successfully secured and implemented new Partner contracts.
Successfully gained reaccreditation lo the Matrix Standard.
Produced and delivered over 1.000 hot meals to disadvantaged adults as part of the London
Borough of Barking & Dagenham (LBBD) approach to the cost-of-living crisis.
Successfully held two fundraising events.
For a more comprehensive report on outcomes and achievements then pl8asa see our Annu81 Impact
Report 2023 - 24. Copies can be obtained on demand al info@osbomepartnership.org

OSBORNE PARTNERSHIP
Company Limited by Guarantee
Trustses, Annual Report (Incorporating the Director's Report) (¢onllnu8dl
Year 8ndad 31 March 2024
Flnanclal revlew
Income and expenditure is reviewed at each trustee meeling. SeNice increases and staff salary
increases ar8 discussed annualy The charity has seen an increase in lunds in the year for the period
0110412023 - 3110312024 with a small sutplus of £1.205 .
Investment Pollcy
The Osborne Partnership retains a prudent amount in reserves each year and the majority of the
harrty's funds are spént in the short tem The board of trustees have reviewed investment options
available lo them and have approved a plan to expand Its seNices and site footprint by acquiring new
premises and ulilising an agreed level of financial ￿SerVeS to facilitate thi5 process. To date no firm
proposal on a new site has been formalised
Reserves Pollcy
The Truslees have ost8blished a pollcy whereby the UnreStr￿ted funds not committed or invested in
tangible fixed assets ('the free reserves,) held by the charity should be managed carefully and
pwdenlly To this end. Truslees have approved a Financial Reserve Slralegy Allocations process that
allocates lunds to legal obligations and investment headings and detailed as.
Staff and welfare Costs- 6 to 9 months provision (350/0)
Other costs - infrastructure. rent. utililies. elc (15%)
Growth Investments - potential new site {15%1
Contingency - unforeseen co8t8 in relation to the above - 10%
Unallocated funds - 259/0
Plans for future perlods
See investment policy above
Trustee$, Trspon81bllltles statement
The Irustees. who are also directors for the purposes of company law, are responsible lor preparing
the trustees. report and Ihe financial staleff*nts in accordance with applicable law and United
Kingdom Accounting Standard8 {Unrted Kingdom Generally Accepted Accounting Praclice).
Company law requires the charrty trustees to prepare financial statements lor éach year which give a
true and fair view of the slate of affairs of the charitable company and Ihe incoming resources and
application of resources. including the income and expenditure, for that period

OSBORNE PARTNERSHIP
Company Limited by Guarantee
Trustees, Annual Report (Incorporatlng the Directorfs Report) (continued)
Year énded 31 March 2024
In preparing these financial statements, the truslees are required to-
select suitable accounting policies and then apply them consistently:
obsepie the methods and principles in the applicable Charities SORP-
make judgments and accounling estimat88 that ar8 reasonable and prudent.
prepare the financial st£lernents on the going concern basls unless rt Is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
axplain the charily's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensu￿ that the financial statements comply with the
Compantes Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking rep50n8ble steps for the prevention and detection of fraud and other irregularities.
Audltor
Each of the persons who is a trustee at the dale of approval of this report confirms that:
so far as they a￿ aware. there is no relevant audit information of which the charity's auditor is
un8ware', and
they have taken all steps that they ought10 have taken as a trustee to mak8 thamselves aware of
any relevant audit infomalron and lo esiablish that the charity's auditor is aware of that
information.
The auditor 1$ deemed to have been re-appointed in accordance with section 487 of Ihe Companies
Act 2006.
Small company provl8ions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 8 October 2024 and signed on behalf of the board of
trustees by..
Mrs.J. Handley
Trustee

OSBORNE PARTNERSHIP
Company Llmlted by Guarante8
Independent Audltorfs Report to tho Members of OSBORNE PARTNERSHIP
Year ended 31 March 2024
Oplnlon
We have audited the financial statements of OSBORNE PARTNERSHIP {the 'charity') for the year
ended 31 March 2024 which comprise the statement of financial activities (including income and
8xpenditure account), statement of financial position. statement of cash flows and the related notes.
Including a summary of signilicanl accounting policies The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including FRS 102 The Flnancial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
lft our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its
incoming resour￿$ and application of resources. including its Income and expenditure, for Ihe
year then ended:
h8ve been properly prepared in accordance wrth United Kingdom Generally Accepted
Accounting Practice:
have been prepared In accordance with the requirements of the Companie8 Act 2006.
Basls for opinion
We Gonducted our audit in accordanc8 with Intern8tional Standards on Auditing {UK) (ISAS (UK)) and
applicable 18w Our responsibilities under those standards are lurther described in the audrtor's
responsibilrties for the audit of the financial statemenls section of our report. We aT8 independent of
the charity in accordance with the elhical req uirem8nts that are relevant lo our audit of the financial
statements in the UK, including Ihe FRC'8 Elhlcal Standard, and we have fulfilled our other ethical
responsibilrties in accordance with these requirements. We believe that the audit evidence we have
¢Jbtained is sufficient and 8ppropriale lo provide a basis for our opinion.
Conclus5ons relatlng to golng concern
In auditing the financial statements, we have concluded that the truste8s' use of the going concem
basis of accounting in the preparation of the financlal statemenis is appropriate.
Based on the V￿rk we have perfomied, we have not identrfied any material uncertainties relaling to
events or condi1￿n5 that, indwidually or collectively, may cast significant doubt on the charity's abilty
to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for Issue
Our responsibilities and the responsibilities of the trustees wilh r8sp8cI to going concern are described
In the relevant seclions of this report.

OSBORNE PARTNERSHIP
Company Llmlted by Guarantee
Independent Audotor's Raport to the Members of OSBORNE PARTNERSHIP
fcontinu
Year ended 31 March 2024
Other Information
The other informalion comprises the infonnation included in the annual report, other than the financial
statements and our auditorfs report thereon. The trustees are responsible for the other infomiation.
Our opinion on th8 financial statements does not cover the other infomiation and, except to the extent
othe￿i￿e explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
In connaction with our audrt of the financial statement8, our responsibility is to read the other
information and. in doing so. consid8r whether the other information is materially inconsislenl with the
financial statements or our knowledg8 obtain8d in the audit or otherwise appears to be materially
misstaled. If w8 identify such material inconsistencies or apparenl material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or
malerial misslatement of the other information. If, based on the work we have performed. we conclude
that th8re is a m8ierial misstatemanl of this other information, we are required to report Ihat fact.
We have nothing to report in this regard.
Oplnlons on othar matt•rs prescrlbod by tha Companles Act 2006
In our opinion, based on Ihe work undertaken in the course of lh& audit..
the infomation given in the trustees, report for the financial year for which the financial
8talemenls are prepared is consistent wilh the financial slalements: and
the trust8e8' reF)Ort has been prepared in accordance with applicable legal requlrements.
Matters on whlch we are requlred to report by ox¢eptlon
In the light of the knowledge and understandino of the charity and Its environment obtained in the
course of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 ￿quireS us to report to you rf, in our opinion:
8dequ8t8 8ccounting records have nol been kept, or returns adequate for our audii have not
b88n received from branches not visited by us,. or
the financl81 stateménts are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration specified by law a￿ not made: or
we have not received all the information and explanations we require for our audit,. or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
directors. report and from the requirement to prepare a strategic feport.

OSBORNE PARTNERSHIP
Company Limitèd by Guarantee
Independent Auditorfs Report to the Membars of OSBORNE PARTNERSHIP
{conllnuod)
Year ended 31 March 2024
Re$ponslbllltles of trustOO8
As ex￿ained more fully in the Irusteos, responsibilities Statement. the trustees (vh)o are also the
directors for the purposes of company law) are responsible for the preparation of the financpl
slatemenls and for being satl8fied that they give a true and fair view, and for such Inleinal control as
the trustees detemiine is necessary to enable the preparation of financ•al statements Ihat are free
from material mlsstatement, whether due to fraud or error.
In preparing the financbal slatements, the trustees are responsible for 8SS8ssing th8 charty's ability to
continue as a going Concern, disclosing, as applicable. matters related to going concern and using the
going concem basis of accounting unless the truslees etther intend to hquKlate the charrty or lo cease
operatlons, or have no realistic alternative but to do so
Audltorfs responslbllltles for the audll of the flnancial statements
Our objectives are to obtain reasonable assurance about whether the financial Statements as a whole
are Iree from material misstatement, whether due to fraud or error. and to issue an auditor's report that
ludes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that
an audit conducted in accordance wrth ISAS (UK) will always detect a material misstatement when il
exists Misstat8m8nts can arise from fraud or error and are considered material if. Individually or in the
aggregate, they could reasonably be expected to Influence the economic decisions of users taken on
the basis of these financial statements
Irregularities. including fraud, are Inslan￿$ of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detecl material misstatements in respect
of irregularities, including fraud The extent to which our procedures are capable of detecting
irregularities. including fraud is detailed below.
Idèntifying and testing journal entries and the overall accounting records. particularly those that were
significant and unusual.
Reviewing the financial statement disclosures and detemiining ￿ether accounting policies h8V8 been
appropriately applied.
Assessing the extent of compliance, or lack of, with relevant laws and regulations Testing key
revenue lines, for evidence of management bias
Verification of key a55ets.
Obtaining third.party confirmation of material balances.
Docum8nling and verifying all significant related party balances and transactions, Reviewing
documentation such as the company board minutes. correspondence with solicitors. for discussions of
Irregularities including fraud
As part of an audrt in accordance with ISAS (UK>. we exercise professional judgment and maintain
professional scepticism throughout the audil. We also..
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those nsks. and obtain audit
evidence thal Is sufficient and appropriate to provide a basis for our opinion The risk of not
detecting a material misstatement resulting from fraud Is higher Ihan for one resulting from error,
as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or the override
of inteinal control.
Obtain an understanding of internal control relevant to the audrt In order lo design audit
procedures that are appropriate In the circumstances. but not for Ihe purpose of axpressing an
opinion on the effectiveness of the intemal control
10

OSBORNE PARTNERSHIP
Company Llmlted by Guarantee
Independent Auditorfs Report to the Members of OSBORNE PARTNERSHIP
fconllnuedj
Year ended 31 March 2024
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the Iruslees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast signif￿an1 doubt on the chariiy's ability to continue as a going
concern. If we conclude that a material uncertainly exists, we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or. if such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditorf8 report. However, future events or conditions may cause the charity
to cease to continue as a going concern.
Evalu8te the overall presentation, structure and content of the financial st8lements, including the
disclosures. and whether the financial statements represent th8 underlying transaclions and
events in a manner that achieves fair presenlation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audil findings. including any significant deficiencies in
internal control thai we identify during our audit.
Use of our rnport
Thi5 report is made solely to the charity's members, as a body. in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audrt work has been undertaken so that we might state to the
charity's membeTS those matters we are raquired 10 State to them in an auditorfs report and foi no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilf(y to
enyone other than the charity and the charity's members as a body, for our audil work, for this report.
or for the opinions we have formed.
CHARLES GOLDSTEIN FCA (Senior Statutory
Auditor)
For and on behalf of
Brindley Goldstein Limited
Chart8red accountants & statutory auditor
103 High Street
Waltham Cross
Herts
EN8 7AN
8 October 2024
11

OSBORNE PARTNERSHIP
Company Limited by Guarantee
statement of Financial Actlvltles
(includlng Income and expendlture account>
Year endèd 31 March 2024
2024
Llnrestricted
funds Total funds T¢Xal funds
2023
Not•
Income and endowments
Donations and legacies
Charitable aclivities
Other trading activitles
Investment income
2,389
33.206
780.940
15,245
831,780
2,389
33,206
780,940
15.245
8,427
18.670
713,110
4,575
Total Income
831,780
744.782
Expendlture
Expendrture on charitable adlvitles
Total expendltur•
9,10
830,575
830,576
830,675
738,214
830,575
738.214
Net Income and net movement in funds
1,205
1,205
6.568
Reconclllatlon of funds
Total funds brought lO￿ard
Total fund8 carrled forward
971,885
971,885
965.317
973,090
973,090
971,885
The statement of financlal activities includes all galns and losses recognised In the year.
All income and expenditura dèrive frc*n continuing activities.
The notes on pago8 16 tr1 22 frjmi part of the80 flnancial slatements,
12

OSBORNE PARTNERSHIP
Company Limited by Guarantee
Statement of Financlal Posltion
31 March 2024
2024
2023
Nots
Flxed assgts
Tangible fixed assets
17
49,377
62,948
Current assets
Debtors
Cash at bank and In hand
18
122,534
897,673
1,020,107
72.704
981,040
1.053.744
Creditors: amounts falllng due wlthln one year
Net currenl assets
19
80,389
121.426
939,718
932,318
Total a88ets less current liabllltles
989.095
995,268
Credltorn: amounts falllng due after mor• than
one year
16,005
973,090
23,381
971,885
Net assets
Funds of the charlty
Unrestricted funds
973,090
973,090
971.885
Total charity funds
23
971,885
These financial statements have been prepared in accordance with the provisions applicable to
companies subject lo the small companies. regime
These financial statements were approved by the board of trustees and authorised for Issue on 8
October 2024, and are signed on behalf of the board by,
Mrs.J. Handley
Trustee
The notes on pages 15 to 22 forn) part of Iheso financlal 8tst•ments.
13

OSBORNE PARTNERSHIP
Company Limlted by Guarantee
Statement of Cash Flows
Yèar ended 31 March 2024
2024
2023
Cash flow8 from operating actlvltles
Net income
1,205
6,588
Adjustments lor..
Deprecotion of tangible fixed assets
Other interest receivable and similar Income
Interest payable and similar charges
Accrued 8xpensesllincome)
Other operating cash flow adjustmenl
17,285
(15.245)
90
1,866
13.690
{4.5751
32
(15.060)
28,842
Changas in."
Trade and other debtors
Trade and other creditors
(49,830)
(42,9021
(87,532)
(20.083)
76,238
Cash generated from oper811ons
85,652
Interesl paid
Interest received
(90)
15,245
132)
4.575
Net cash (used in)Ifrom operating activrties
{72,377)
90,195
Cash flows from Investing aclivltles
Purchase of tangible assets
Net cash uséd in investing activiti88
(3,714)
(3,714)
160,492)
(60,492)
Cash flows from flnanclng activities
Payments of finance lease liabililies
Nel Cash (used inyfrom financing aclivities
(7,376)
17,376)
30,758
30,758
N•t (de¢reaselllncrease In cash and cash aqulvalents
Cash and cash equivalents at beglnnlng of year
Cash and cash equivalènts al end of year
183,467)
981,040
897,573
60,461
920.579
981,040
The notes on pages 15 to 22 fomi part of th88e flnanclal statements.
14

OSBORNE PARTNERSHIP
Company Llmlted by Guarantee
Not8s to the Financial Statements
Year ended 31 March 2024
General Infomiatlon
The charity is a public benefit entity and a private company limited by guarantee. registered in
England and Wales and a registered charity in England and Wales. The address of the
registered office is The Osbome Centre, Osborne Square. Dagenham, Essex. RM9 58E.
Statement of compliance
These financial stat8ment$ have been prepared in compliance with FRS 102, Yhe Financial
Reporting Slandard applicable in the UK and the Republic of I￿land,, the Statement of
Racommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Stand8rd applicable in the UK and Republic of Ireland (FRS 102) {Charities
SORP (FRS 102)) and the Companie8 Act 2006.
Accountlng pollcles
8a818 of preparatlon
The financial si8iements h8ve been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value Ihrough income or expendilure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Judgoments and k•y sources of estlmatlon uncertalnty
There are no judgements and estimates.
Fund accountlng
Unrestricted funds arè available for use at the discretion of the truslees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes. restncted income funds or
endowment funds.

OSBORNE PARTNERSHIP
Company Limited by Guarantee
Notes to the Flnancial Staternents {¢ontthu•d)
Year ended 31 March 2024
Accountlng poli¢i•8 (contlnu•(l)
Incomlng resources
All incoming resources are included in the statem8nt of financial activities when entitlement has
passed to the charity. it is probable that the economic benefits aS￿lated with the transaction
will flow to the charity and the amount can be reliably m8asured The following specific policies
are applied to particular catègories of income:
income from donations or grants Is recognised when there is evidence of entitlement to Ihe
gift, feceipt is probable and its amount can be measured reliably.
legacy income Is recognised when receipt is probable and entitlement is established.
Inc(me from donated g¢>Jds Is measured at the fair value of the goods unless this is
Impractical lo measure reliably, in whlch case the value is derived from the cost to the donor
or Ihe estimated resale value. Donated facilities and services are recognised In the
a¢counts when recelved if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services Is recognised with the delivery of thé
contracled service. This is classified as unreslricied funds unless there Is a contraclual
requirement for it to be spent on a particular purpose and returned If unspent, in which case
it may be regarded as restricled.
Resources expended
Expendrture is recognised on an aGGruals basis as a liabilrty is incurred Expendrture includes any
VAT which cannot be fully recovered, and is classifwj under headings of Ihe statement of
finanual aclivrties to which il relates:
expenditure on raising funds includes the cosls ol all fundraising activities. events.
non-ch8ritable trading aclivities, and the sale of donated goods.
expenditure on charitable activities includes all costs Incurred by a charrty in undert8king
activities that further its charitable aims for the benefrt of ils beneficiaries. including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure Includes all expenditure that is nerther related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable lo a single activity are allocated directly to that aclivity Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistenl basis.
Tanglble assets
Tangible assets are initially recorded at cost. and subsequently stated al cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalu8d
amounts are recordéd at the fair value at the date of revaluation less any subsequent
accumulated depreciatlon and subsequent accumulated impairment losses.
16

OSBORNE PARTNERSHIP
Company Llmlted by Guarantee
Notes to the Financial Statements (contlnuèd)
Year ended 31 March 2024
Accounting pollcles (contlnuedj
Tang5ble assets fcontlnued)
An increase in the carrying amount of an assei as a result of a revaluation, is recognised in other
recognised gains and losses. unless it reverses a charge for impairmenl that has previously been
recognised as expenditure within the ststement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation. is recognised in other recognised gains and losses.
except to which it offsets any previous revaluation gain. in which case the Ioss is shown within
other recognised gains and losses on the statement of financial activities.
Depr•clatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residual
value, over the useful economic lif& of that asset as follows..
Fixture6, Fittings & Equipment
Motor Vehicles
Computer Equipment
25% reduclng balance
25Vo reducing balance
33% reducing balance
Impalmient of flxed assets
A review for indicators of impaimienl 18 carried out at each reporting date, with the recoverable
amount being estimaled where such indicators exist. Where the carrying value exceeds the
rewverable amount, the assel is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impaimient testlng, when It Is not possible to estimate the recoverable
amount of an individual 8sset, an estimate is made of the recoverable amount of the
C8sh4J8neraling unit lo which the asset belongs. The cash-gener8ting unit is the smallest
identifiable group of assets that includas Ihe asset and generates cash inflows that largely
independent of the cash inflows from other a88els or groups of a3sets.
For impairment testing of goodwill, the goothvill acquired in a business combination is, from the
acquisition dale, allocated to each of the Cash￿enerating units that are expected 10 benefit from
the synergies of the combination, irrespective of whether other assets oi liabilitles of the charity
are assigned to thos8 units.
Doflned contribution plans
Contributions to defined contribulion plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset lo the extent
that the prepayment will lead to a reduction in future payments or a Gash refund.
When contributions are not expected lo be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Llmlted by guarantee
The company is limited by guarantee and has no share capital. Every member of the Company
undertakes to contribute to the assets of the company, in the event of a winding up. such an
amount as may be required not exceeding £1.
17

OSBORNE PARTNERSHIP
Company Limited by Guarantee
Notes to the Flnancial Statements l¢onthued)
Year endad 31 March 2024
Donatlons and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donatlons
General Donations & Fundrai&ng
Receipts
2,389
2,389
8.427
8,427
Charltable activitles
Unrestrited Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Partnerlstaff Income
Kitchen Upgrade Income
Provider Holding Income
Other Income
Osborne celebration8
7,761
7,761
15.000
15,000
13,122
10.776
1,547
13,122
10,776
1,547
33,206
2.068
1,602
2,068
1.602
33,206
18.670
18.670
Other trading actlvltles
Unrestrlcted Total Fund8 Unrestrlcted Total Funds
Funds
2024
Funds
2023
Trading income
780.940
780,940
713,110
713,110
Investment Sncomo
Unrestricled Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest recetvable
15,245
15,245
4.575
4,575
Expendlture on charftable activities by fund type
Unreslncted Total Funds Unrestricted Tolal Funds
Funds
2024
Funds
2023
Support costs
830,575
830,575
738,214
738.214
18

OSBORNE PARTNERSHIP
Company Llmltod by Guarantee
Not8S to the Financlal Statements {¢on¢lnued)
Year 8nded 31 March 2024
10. Expenditure on ¢harftsble act5vltles by activity type
Support Total funds
costs
2024
Total fund
2023
Support costs
Governance costs
627,064
203,511
830.575
627.064
203,511
536,985
201.229
830.576
738,214
11. Analysis of support costs
Analysis of
support costs
activity 1 Total 2024 Total 2023
Staff costs
627,064
627.064
536,984
12. Taxatlon
As a charity Osbome Partnership Is exempt from tax on income and gains falllng within section
505 of the Taxes Act 1988 to tha éxtent that these are applied to its charitable objectives. No tax
charges have arisen in the year.
13. Not Incoma
Net income is slated after charginty(crediting).'
2024
2023
Oepreciaiion of tangible fixed assets
17,285
13,690
14. Audltors remuneratlon
2024
2023
Fees payable for the audit of the flnancial statements
6,500
8,820
16. Staff c08ts
The lotal staff costs and employee benefits for the reporting period are analysed as folbws.
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
571,981
42,853
12,230
627,064
488.245
37.149
11,591
536,985
19

OSBORNE PARTNERSHIP
Company Limited by Guarantea
Notss to the Financial Statements (¢ontlmMd)
Year ended 31 March 2024
15. Staff costs (contlnuod)
The average head ¢ounl of employees dunng the year was 24 (2023.. 211. The average number
of full-time equivalent employees during the year Is analysed as follows..
2024
No.
2023
No.
N￿nber of staff
21
No employee recewed employee benefrts of more than £60.000 during the year {2023. Nil).
16. Trustee remuneratlon and expenses
The Charity Irustees were not paid or received any other benefrts from employment wlth the
charliy in the year (2023. £nil)
17. Tanglble flxad ass•ts
Fixtures arKI
fi'tting8
Motor
vehicles
Equipment
Total
Cost
At 1 April 2023
Additions
67.941
71,491
11.485
3,714
160.917
3,714
154,631
At 31 March 2024
67.941
71,491
15,199
Depreclation
At 1 April 2023
Charge for the year
At 31 March 2024
39,736
7.051
40.472
7.755
7,761
2,479
10,240
87,969
17,285
105,254
48.787
48,227
Carrylng amount
At 31 March 2024
21,154
23.264
4,959
3,724
49,377
62.948
Al 31 March 2023
28,205
31.019
18. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
78,687
41,943
4,924
56.204
16.500
122,534
72.704
20

OSBORNE PARTNERSHIP
Company Limited by Guarantee
Notes to the Flnancial Statements fcontlnu4d)
Year ended 31 March 2024
19. Credltors: amounts falling due wlthln one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
Obligations under finance leas8s and hire purchase contracts
Income in advance
Other creditors
11,216
37,294
16,245
7,377
7,539
35,429
8,619
7,377
60.000
2,462
9.258
80,389
121,426
20. Credltors: amounts lalllng due after more than one year
2024
2023
Obligations under finance leases and hire purchase contract8
16,005
23,381
21. Flnance l•a$•8 and hlre purchas• contracts
The total future minimum lease payments under finance leases and hire purchase contracts are
as lollows..
2024
2023
Not later than 1 year
Later than 1 year and not18ter than S years
7.377
16,006
23,382
7,377
23,381
30,758
22. Penslons and other post retirement beneflts
Deflned Contrlbutlon plan8
The amount recognised in income or expendilure 88 an expense in relation to defined
contribution plans was £12.230 {2023'. £11,591)
21

OSBORNE PARTNERSHIP
Company Limited by Guarantee
Notes to the Financial Statements fconlinued)
Year ended 31 March 2024
23, Analysls of charftabl¢ funds
Unr88trlcted funds
At
31 March 20
24
At
1 April 2023
Income Expenditure
Unreslficted Funds
971,885
831.780
(830.575)
973,090
At
31 March 20
23
At
1 April 2022
Income Expendltuie
Unrestricted Funds
965.317
744,782
{738.214)
971,885
24. Analysis of net assets between funds
Unrestricled Total Fund$
Funds
2024
Tangible fixed assets
Current assets
Creditors less Ihan 1 year
Creditors greater than 1 year
Net asse18
49,377
1,020,107
{80.389)
116.005)
973,090
49,377
1,020,107
(80,389)
(16,005)
973.090
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Credrtors 9￿ater than 1 yeer
Net assets
62,948
62,948
1.053.744
1,053,744
(121 ,428) (121,4261
(23,381>
(23.381)
971,885
971,885
26. Analysls of change5 In net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash al bank and in hand
Debt due within one year
Debt due after one year
981,040
17,377)
(23,381)
950,282
(83,467)
897,573
(7,377)
116,005)
874.191
7.376
(76.091)