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2023-12-31-accounts

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Registered Company Number: 02671913 (England and Wales) Registered Charity Number: 1008128

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY

(A Company Limited By Guarantee)

Annual Report And Financial Statements

For

Year Ended 31 December 2023

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DEMAND DESIGN AND MANUFACTURE FOR DISABILITY

Contents of the Report of the Trustees and Financial Statements for the year ended 31 December 2023

Page
Reference and administrative details 1
Strategic Report 2 to 9
Report of the Trustees 10 to 13
Report of the Independent Auditors 14 to 17
Statement of Financial Activities 18
Balance Sheet 19
Statement of Cash Flows 20
Notes to the Financial Statements 21 to 34

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DEMAND DESIGN AND MANUFACTURE FOR DISABILITY

Reference and administrative details for the year ended 31 December 2023

Status
Governing Document
Company Registration Number
Charity Registration Number
Registered Office and Principal
Office
Trustees
Honorary Officer
Principal Staff
Company Secretary
Bankers
Legal Advisors
Independent Auditors		 The organisation is a charitable company limited by
guarantee and not having share capital registered as a
charity on 21stJuly 1980 and incorporated on 17thDecember
1991.
The Charity was established under a Memorandum of
Association, which established the objects and powers of
the charitable company and is governed under its Articles
of Association.
In 2010 a trading subsidiary (DEMAND SRM Ltd) was
established and which remains dormant.
2671913 (England & Wales)
1008128 (England & Wales
c/o Building Bloqs, 2 Anthony Way, London N18 3QT
Neil Chitty
Victoria Lyons
Thomas Mercer
Stephen Miller (appointed 01/03/2024)
Andrew Parsons
John Plunkett
Katherine White
Stephen Miller (Chair)
Gary Evans (Chief Executive)
Frances Evans
Barclays Bank UK PLC,
Leicester, LE87 2BB
Sherrards Solicitors LLP,
1-3 Pemberton Row,
London
EC4A 3BG
Gerald Edelman LLP Chartered Accountants
73 Cornhill,
London
EC3V 3QQ

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DEMAND DESIGN AND MANUFACTURE FOR DISABILITY

Strategic Report for the year ending 31 December 2023

Annual Report of the Trustees

The Trustees, who are also directors 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 December 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

A Message from the Chair

In 2017 we crafted a new strategic plan for DEMAND – a plan which embraced new technology and a fundamental change in our design philosophy to have greater impact on a larger number of people. We had not imagined that events would lead us to move from our home of 24 years, The Old Chapel in Abbots Langley to the largest professional open access makerspace in Europe, Building Bloqs in Edmonton which gives us access to state-of-the-art facilities and machinery we could only dream about previously, as well as to a great community of skilled makers which will broaden the range and scale of projects we can take on

The team is very much at home at Bloqs, and the new environment has nurtured new thinking, especially in our design philosophy and methodology, which is being crafted to enable us to have a greater positive impact on more people.

DEMAND is now the only charity in the UK which has dedicated, full-time, expert designers, and makers, with permanent access to a comprehensively equipped workshop, capable of meeting disabled people’s assistive technology needs when mainstream products fall short, do not exist, or are not accessible. Given the great work it does, it is easy to forget how small the team is, so it is no surprise that it is as much as they can do to keep pace with the plethora of enquiries that come in every week - everything from ride-on toys for young people with autism (helping them engage with outdoor spaces better), through to people needing custom dressing aids, and schools needing screen masks for iPads. No enquiry goes unexamined, although, sadly, our resources don’t allow us to help everyone who gets in touch. The current list of over 60 live enquiries equates to between 180 and 700 people (depending on whether we’re dealing with individuals, families, therapy groups, sporting clubs, or schools), and the list never gets any shorter or simpler.

We have ambitious plans to significantly ramp up our production over the next couple of years, and like many small (and dare I say, unusual) charities we are facing stiff financial headwinds. That said we remain confident and optimistic in our ability to continue to innovate and to create working solutions for complex problems. The impact of this work can be gamechanging for individuals, as well as for groups of people.

It is in this context that I take over the reins as Chair, and I would like to thank the team for their warm welcome. My thanks too to my predecessor, Anthony Soothill, who hands over a ship in fine fettle and a crew brimming with confidence. I am very much looking forward to working with the Executive and my fellow trustees to deliver our vision of the future for Demand.

Our achievements, and the realisation of our plans, are only possible with the continued backing of the many Trusts and Foundations, businesses (both local and global), community

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Strategic Report for the year ending 31 December 2023

groups, and individuals up and down the country, who support us financially, materially, and in kind.

On behalf of the Trustees, I thank all the team, our clients, our donors, and our supporters who make it possible for us to be able to contribute meaningfully to the lives of so many people by removing barriers to inclusion, participation, and independence.

The aims and objectives of DEMAND

Charitable objects:

“The Company is established for the relief of disabled, handicapped, and infirm persons.”

We have reflected on how we express our purpose and these statements have been refreshed and updated. They now better reflect the social model of disability which essentially states that people are disabled by barriers in society and not by their impairment or difference.

Our vision is of a society which does not disable people.

Our mission is to codesign and craft innovative products and solutions that are a bridge to access, comfort, independence, learning, earning, and the many other aspects of a fulfilling life.

In its current context this means

The strategies employed to achieve the charity's aims and objectives are:

Putting these strategies into action we currently have 6 main areas of activity which are:

Custom equipment design and manufacture (‘Design for One’ – DfO)

Despite myriad technology advances since our founding in 1980, it is still the case that mainstream ‘one-size-fits-all’ assistive equipment often fails to meet the unique needs of many people especially when they live with multiple impairments and/or complicated health

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DEMAND DESIGN AND MANUFACTURE FOR DISABILITY

Strategic Report for the year ending 31 December 2023

conditions. DEMAND continues to innovate every day to fill this gap with equipment and products co-designed with the users and where there is a small but clearly identified wider need, to make those designs available to all who would benefit.

The projects we undertake meet the needs of people of all ages and range in complexity from the deceptively simple (e.g. a grabbing tool) to the complex (e.g. a fully articulating, fold-away artists' easel for people with impaired motor control). Projects vary in cost from a few hundred to many thousands of pounds and may take anything from a few days to many months to complete. It is in working on such projects that our placement and work experience students get to understand the meaning and practice of co-design, user-centred design, inclusive design, and design for disability.

New product design, development, and manufacture (‘Design for Many’ – DfM)

The promotion of our work online and on social media platforms will often reveal a wider unmet need for our custom equipment which would remain so if left to commercial manufacturers to develop the designs for production. The market for products like those designed by the team at DEMAND is relatively small and so it is generally uneconomic for mainstream manufacturers to pick up and run with these products on a commercial scale. Many innovative products never see the light of day because of this.

It is because of this that we have adopted an ‘always design for production’ philosophy for all our custom projects. Through working closely with users, thoughtful design, comprehensive modelling, and detailed documentation, it has become much easier and affordable to make that original one-off available to many; the research and development cost being written off against that original project work. Products currently available through the charity's online shop include Freasel (an articulated artists' easel), the Sensory Shell Chair (for young people with sensory processing disorders such as autism to help them make sense of their world by limiting environmental stimuli), Floor sitters, and musical instrument stands.

Inclusive sports equipment (Boccia)

Our popular range of Boccia Ramps already provides sporting and social opportunities for people on every continent (except Antarctica). Sports clubs, youth clubs, community groups, schools and latterly, care homes, have access to a truly inclusive sport by investing in our low cost, entry-level 'Lite' model and at the top end of the range the Nova - a full international competition class ramp suitable for the full range of players and co-designed with one of the UKs most successful international competitors.

Online tools

We develop and support www.cracked-it.org which is an on-line platform designed to connect people with equipment needs and challenges to a global community of designers, engineers, and makers. In addition, cracked-it.org provides a platform on which we share designs for custom equipment which are made available under open license, allowing many more people to help themselves and to help others wherever they are in the world.

Student Support

Using a “user-centred” approach to design means we are constantly learning from the people we engage with. We love sharing our skills and knowledge and we are thrilled that our work provides unique learning experiences for our undergraduate placement, and work experience students who come to us for a better understanding of co-design, design for disability, and of

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Strategic Report for the year ending 31 December 2023

inclusive design. We are delighted that despite the challenges of the past couple of years we have continued to deliver these opportunities so that future generations of designers pause to consider the needs of the few as much as those of the many, and then go on to create products and services which properly cater for the needs of disabled people throughout their careers.

We have welcomed school age and undergraduate students into our workshops for many years and during 2023 we had 3 students on industrial placements. The charity benefits enormously from their energy, enthusiasm, and contribution; working with energetic and creative people always stimulates new and different thinking within the organisation which has driven change in working methods and spawned several interesting products.

We also provide practical advice to students working on their own design for disability projects where the valuable and rare insights of our skilled team are much sought after.

Helpline

In many cases, enquirers' needs can be addressed with products and services already available on the open market, if only they could be found easily. Sometimes it is just a case of knowing the right question to ask whilst at other times some lateral and creative thinking is required to pinpoint an ideal solution. In 2023, 55 individuals and families were helped in this way.

Ensuring our work delivers our aims

We review our aims, objectives, and activities each year. The review looks at what we have achieved and the outcomes of our work, and the benefits they have to those people we aim to work with. It helps us ensure our aims, objectives and activities remain focused on our stated purpose.

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set, and the Charity Commission's guidance on public benefit;

Performance and achievements

The team spent a significant amount of time in the first half of the year decommissioning the workshop in Abbots Langley and relocating operations to Building Bloqs, Europe’s largest and best-equipped professional open workshop, in the London Borough of Enfield, This was a mammoth undertaking not least because of the scale of the down-sizing that needed to be achieved This is the most physical manifestation of charity’s transformation agenda which gives us more financial flexibility, as well as access to a growing community of creative makers, and to state-of-the-art manufacturing equipment which we could only previously dream about. With much of the first half of the year disrupted by our move our output in 2023 was much reduced compared to ‘normal’ years but this short-term hit can only be viewed in a positive light given the benefits we will gain in the longer term.

In addition, the sale of The Old Chapel has provided a much-welcome cash boost to fuel our transformation agenda built around building the charity’s resilience and capabilities. As a part

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Strategic Report for the year ending 31 December 2023

of that agenda, we are excited that we will welcome a new Chair of Trustees who will bring new perspectives and skills to the Board in the first quarter of 2024. Their predecessor, Anthony Soothill, steps down after adding great value to both Board and Executive for the last 6 ½ interesting and challenging years. We are delighted that he will remain a friend of the charity in the years to come.

The creative team has thoroughly revamped its working methods and processes to be able to increase the number of people who benefit from everything we produce. For example, a longstanding beneficiary recently needed a new design of communication aid to accommodate their changing needs and physical capabilities. We contacted several occupational therapists and discovered a wider need for the type of tool we envisioned, and so what would, in the past, have been a custom design for one person, is now an adaptable design for several, for the same design effort.

The team’s design and manufacturing primary focus during 2023 has been on product development (DfM projects and Boccia ramp development) which is the best way of increasing our impact whilst not simultaneously dramatically increasing our expenses.

We continue to develop our relationships with manufacturing partners for finished goods as well as for component parts, and our Floorsitters, Boccia Lite ramp, and Pro-X ramp production continue to be successfully outsourced. We retain the capability to manufacture these products in-house should the need arise. Still, it is a far better use of everyone’s time to focus more on design-and-make projects rather than repetitive manufacturing. The team were also able to complete several custom build projects and we really enjoy getting positive feedback for our work and products, and to be able to remind ourselves that our ‘day-to-day’ makes as much of a difference to people as it ever did;

“ ……. the suction dressing hook, which I can’t even put inside words how much it has changed my life ….”

“We have received the Freasel and it’s all set up. It was easy to do, and the design/quality of the easel is fantastic. We had high expectations and these have been exceeded. I’ve attached picture of Tess testing it out!”

Key Performance Indicators

With our ability to manufacture diminished during our workshop relocation the number of people we were able to help during the year was understandably reduced. To make best use of the facilities we were able to access the team devoted their time to signposting, research, and product development.

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Strategic Report for the year ending 31 December 2023

Despite this past year’s design and production hiatus 345 people (c2,500 over the past 5 years) have benefited from solutions found or made by DEMAND.

Inflation is a challenge, and we have experienced significant price increases affecting everything from sub-contract costs through to materials and consumables which, when coupled with a difficult fundraising year and the bringing forward of necessary strategic expense, resulted in a deficit which was in line with budget for the year approved by the Board in December 2022.

The sale of The Old Chapel made for a healthier balance sheet because of the cash inflow so forward cover, calculated on the average budgeted monthly future expense against wholly unrestricted funds, stood at 11 months at the year-end which is in line with our current policy (3 to 12 months).

Future plans

The trustees affirmed their commitment to grow and develop DEMAND, making sure that the experience we have built up, and the learnings we have taken over our 40 years’ of operations, are shared with and benefit as many people as possible.

To achieve greater impact we are investing across all areas of the organisation as illustrated by the resilience jigsaw below.

This manifests operationally as;

  1. We are clear about our purpose, and just as importantly, what it isn’t.

  2. We are financially and operationally fit with sufficient income from a diverse range of sources.

  3. We identify and communicate the needs that we meet and the impact that we have.

  4. We have effective leadership, with trustees and executives who take the time to talk about and work on the bigger picture rather than focus solely on day-to-day matters.

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Strategic Report for the year ending 31 December 2023

  1. We are well-networked and able to get support from and work in partnership with others with complementary skills, knowledge, and capabilities.

  2. We are aware of the wider context we work in, and regularly horizon scan for challenges, threats, and opportunities.

Principal risks and uncertainties

The major risks and opportunities facing the charitable company are periodically reviewed as part of the business planning and budgeting process. The Trustees confirm that all major risks have been reviewed, and systems and processes have been established to mitigate and manage those risks.

The Trustees have a risk management strategy which comprises:

This work has identified that financial sustainability is the primary risk for the charity. Key elements in the management of financial risk are general prudence, tight cash control, diversification of income streams, a focus on quick decision-making, raising unrestricted funds, regular review of available liquid funds, to settle debts as they fall due, and the proactive management of trade debtors and creditors balances to ensure sufficient working capital. We protect our cash by optimising the cover of the FSCS deposit guarantee scheme via the CAF cash deposit platform managed by Flagstone Group Limited.

The charity has experienced substantial increases in raw material, subcontract manufacturing, and insurance costs which will have a negative material effect on the charity’s budget in 2024 and beyond. We are still being negatively affected by the UK's exit from the EU. Shipments of products into EU states are swathed in paperwork and subject to unwelcome delays when passing through various countries' customs procedures. Towards the tail end of the year we saw some easing of bottlenecks which is cause for optimism.

At the time of writing, Trusts and Foundations, hitherto the bedrock of our income, are under great pressure to help organisations providing humanitarian and medical support in places of conflict and humanitarian crises. Add to this the continuing domestic cost of living crisis and it is little surprise that fundraising for a small, niche charity, like DEMAND is a real challenge. It is for these reasons that we continue to seek to diversify our income generation and thereby improve our long-term resilience.

Attention is continuously given to non-financial risks relating to fire, the health, safety and general safeguarding of volunteers, staff, and clients and, in the clients' case, from product defects or failure. These risks are managed by ensuring accreditations are up to date, having robust systems, policies, and procedures, backed up with regular staff training.

All custom equipment projects are subject to comprehensive and multiple risk assessments, pre-delivery testing, and follow-ups; all essential in fulfilling our obligations as a MHRA Class 1 registered medical device manufacturer.

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Strategic Report for the year ending 31 December 2023

Data protection

The charity ensures that its data management policies, procedures and systems are wholly compliant with the General Data Protection Regulations and the six key principles therein, which are;

That personal data is

On behalf of the board:

@ by:

Stephen Miller Chair of Trustees

…………………………….

Date 15/7/2024

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Report of the Trustees (including Directors’ Report) for the year ending 31 December 2023

The Trustees are pleased to present their Annual Report together with the financial statements of the charity for the year ending 31 December 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 as amended for accounting periods commencing from 1 January 2019).

Public benefit

The primary focus of our work is to provide and make accessible equipment that improves the day-to-day living, opportunity or recovery of people living with disability, impairment, or infirmity, regardless of age or personal circumstance. Our services are provided without prejudice and address unmet needs.

Throughout 2023 we provided the following services;

Ensuring our work delivers our aims

We review our goals and key supporting strategies regularly in the context of longer term three or five-year plans. The activities and projects which support each strategy in the context of public benefit are reviewed by the Trustees regularly and periodically.

Looking forward - Objectives for 2024

In line with the charity's vision and mission, our major objectives are;

  1. To provide products and services which enhance disabled people's ability to be more independent, to actively participate in and contribute to their community and to access opportunities for learning, work, creativity, and social engagement.

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Report of the Trustees (including Directors’ Report) for the year ending 31 December 2023

  1. To develop services, globally accessible where possible, which connect, inspire and motivate designers, makers and engineers to play an active part in developing better equipment solutions for disabled people.

  2. To develop new products and services, in line with our core purpose, which improve the charity's resilience and capabilities, technically, financially, and culturally.

  3. To grow sustainable voluntary income, primarily unrestricted in nature, in order to achieve our goals.

  4. To continue to raise our profile and reputation.

  5. To invest in our people and adopt new systems, processes and methods that add value to our operation and to the stakeholder experience, and which support innovation throughout.

Reserves policy

The reserves policy is to maintain forward cover of between 3 and 12 months. This policy was re-affirmed at the December 2023 Board Meeting and is designed to ensure we can continue to provide public benefit when subject to short-term negative economic conditions, especially those affecting our major sources of donations.

Keeping an engineering operation open and effective means we must be able to recruit and retain skilled technical staff and to keep the means of production working which requires premises, heat, light, and power.

We have calculated that the absolute minimum buffer the charity needs is 3 months, but we ideally aim to maintain between 6 to 12 months to

Total unrestricted reserves at 31st December 2023 were £637,763 of which £39,736 remains designated to support the charity's development. The general fund therefore stands at £598,028 which is equivalent to approximately 11 months' expenditure at budgeted 2023 levels and which falls within our 3-to-12-month policy.

Restricted reserves at 31st December 2023 were £523,200 of which £520,385 was restricted to fixed asset funds held by the charity and an additional £2,815 available for projects tightly restricted by geography, age or disability or a combination of these.

Structure, Governance and Management

DEMAND is a charity and a Company Limited by Guarantee which is overseen by a Board of Trustees, currently numbering 7, who are also Directors under Company Law with no beneficial interest in the charity.

Directors of the Charitable Company guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 December 2023 was 7 (2022: 9).

The Trustees meet quarterly and determine the overall direction for the charity, the business and operating controls, and measures of success. Day-to-day decision making is exercised by the Chief Executive, along with the Chief Finance Officer.

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Report of the Trustees (including Directors’ Report) for the year ending 31 December 2023

Pay policy for senior staff

The Board of Directors, who are the charity's Trustees, and the senior management team, are the key management personnel of the charity in charge of directing, controlling, running, and operating the charity on a day-to-day basis. All directors give of their time freely and no director received remuneration in the year. Details of directors' expenses and related party transactions are disclosed in note 10 to the accounts.

The pay of the senior staff is reviewed annually and normally increased in line with inflation should finances allow. Given the nature of the charity’s work, the directors benchmark against pay levels in small and medium-sized engineering companies within reasonable commuting distance from the N18 3QT post code. If recruitment conditions demand, a market-appropriate adjustment may also be paid.

Trustees

Trustees, and the only members of the Company, who served during the year and up to the date of this report were as follows:

Board Sub-committees

In exceptional circumstances there is a Finance Sub-Committee (FSC) - consisting of up to 4, but no fewer than 3 Trustees and the senior management team - which has delegated authority to act on financial matters on behalf of the Board. The FSC commits to be available at short notice to enable swift decision-making and action.

Recruitment and Appointment of New Trustees

New Trustees may be appointed by a decision of the existing Trustees. Following appointment, all new Trustees have an induction programme so that they can properly undertake and fulfil their responsibilities to the charity.

Whilst there is no set length of term for Trustees' appointments, one third of the Trustees must present themselves for re-election by rotation at every Annual General Meeting (AGM) which is normally held in April every year. Retiring Trustees are eligible for re-appointment at the AGM by majority vote of a quorate board. No trustees retired from the Board in 2023 and no new trustees appointed.

Statement of Trustees' Responsibilities

Company law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing those financial statements, the Trustees are required to:

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Report of the Trustees (including Directors’ Report) for the year ending 31 December 2023

The Trustees are also 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 statements 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.

Statement as to Disclosure of Information to Auditors

In so far as the Trustees are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each Trustee has taken all the steps that he or she ought to have taken as a Trustee in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Going concern

Having reviewed the Charitable Company's financial forecasts and expected future cash flows, the Trustees have reasonable expectation that the Charitable Company has adequate resources to continue its operational existence for the foreseeable future. Thus the going concern basis has been adopted in preparing the financial statements for the year ended 31st December 2023.

On behalf of the board:

@57E8953F87B34AA... by: Stephen Miller Chair of Trustees

……………………………… Date 15/7/2024

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DEMAND DESIGN AND MANUFACTURE FOR DISABILITY (A Company Limited by Guarantee) Independent auditors’ report to the trustees of DEMAND Design and Manufacture for Disability for the year ending 31 December 2023 (continued)

Opinion

We have audited the financial statements of Demand Design and Manufacture for Disability (the ‘company’) for the year ended 31 December 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the 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 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability 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 with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. 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 not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine

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whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of Trustees' responsibilities, the trustees, who are also the directors of the company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report 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 (UK) 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 economic decisions of users taken on the basis of these financial statements.

15

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DEMAND DESIGN AND MANUFACTURE FOR DISABILITY (A Company Limited by Guarantee) Independent auditors’ report to the trustees of DEMAND Design and Manufacture for Disability for the year ending 31 December 2023 (continued)

Irregularities, 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 extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We planned our audit so that we have a reasonable expectation of detecting material misstatements in the financial statements resulting from irregularities, fraud or non-compliance with law or regulations.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non compliance with laws and regulations, we designed procedures which included, but are not limited to:

The test nature and other inherent limitations of an audit, together with the inherent limitations of any accounting and internal control system, mean that there is an unavoidable risk that even some material misstatements in respect of irregularities may remain undiscovered even though the audit is properly planned and performed in accordance with ISAs (UK). Furthermore, the more removed that laws and regulations are from financial transactions, the less likely that we would become aware of noncompliance. Our examination should therefore not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance that might exist. The responsibility for safeguarding the assets of the charitable company and for the prevention and detection of fraud, error and non-compliance with law or regulations rests with the Trustees.

16

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DEMAND DESIGN AND MANUFACTURE FOR DISABILITY (A Company Limited by Guarantee) Independent auditors’ report to the trustees of DEMAND Design and Manufacture for Disability for the year ending 31 December 2023 (continued)

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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 Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's 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 its members, as a body, for our audit work, for this report, or for the opinions we have formed.

5B81E2DB594B44F... …………………………… (Senior Statutory Auditor) 1 5/7/2024

for and on behalf of Gerald Edelman LLP

Chartered Accountants 73 Cornhill Statutory Auditor London EC3V 3QQ

17

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Statement of Financial Activities (including Income and Expenditure Account) for year ending 31 December 2023

Notes
Income:
Donations and Legacies
2
Charitable Activities
3
Investments
4
Other
5
Total income
Expenditure:
Fundraising
6
Charitable activities
7
Total expenditure
Net income / (expenditure) and net
movement in funds for the year
Transfer between Funds
18
Net Movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
2023 Total
funds
2022 Total
funds
£
£
£
£
251,531
24,240
275,771
307,986
16,647
-
16,647
20,865
18,806
-
18,806
1,075
12,062
-
12,062
3,451
299,046
24,240
323,286
333,377
35,567
-
35,567
41,402
391,589
24,240
415,829
367,089
427,156
24,240
451,396
408,491
(128,110)
-
(128,110)
(75,114)
466,191
(466,191)
-
-
338,081
(441,951)
(128,110)
(75,114)
299,682
989,391
1,289,073
1,364,187
637,763
523,200
1,160,963
1,289,073

The Statement of Financial Activities also complies with the requirements for an Income and Expenditure Account under the Companies Act 2006.

The notes on pages 21 to 34 form part of the financial statements

18

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DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Balance Sheet for year ending 31 December 2023

2023 2022
Total funds Total funds
Notes £ £
Fixed assets:
Tangible assets 14 9,822 984,209
Investments 15 1 1
Total fixed assets 9,823 984,210
Current assets:
Stocks 5,969 6,052
Debtors 16 84,128 27,231
Cash at bank and in hand 1,216,679 548,151
Total current assets 1,306,776 581,434
Liabilities:
Creditors: Amounts falling due within 17 (155,636) (276,571)
one year
Net current assets 1,151,140 304,863
Total assets less current liabilities 1,160,963 1,289,073
Net assets 1,160,963 1,289,073
The funds of the charity: 18 ****
Unrestricted funds 598,027 259,946
Designated development fund 39,736 39,736
Restricted income funds 523,200 989,391
TOTAL FUNDS 1,160,963 1,289,073

These financial statements have been prepared in accordance with the Companies Act 2006 relating to Charitable Companies and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102))

15/7/2024

The financial statements were approved by the Board of Trustees on ………………………………………………………. and were signed on its behalf by:

@57E8953F87B34AA... by: Stephen Miller Chair of Trustees

……………………………… 15/7/2024 Date

Registered Company Number: 02671913

The notes on pages 21 to 34 form part of the financial statements

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Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Statement of Cash Flows for year ending 31 December 2023

Net movement in funds
Add back depreciation charge
Deduct interest income from investing
activities
Deduct net proceeds from sale of
fixed assets
Cash used in operating activities
Decrease/(Increase) in Debtors
(Decrease)/Increase in Creditors
Decrease/(Increase) in Stocks
Cash Generated from Operations
Purchase of Tangible Fixed Assets
Proceeds from sale of Old Chapel
Proceeds from sale of fixed assets
Interest Received
Adjustment re restricted and
Unrestricted funds
Net Cash from Investing Activities
Net Cash from Financing Activities
(Decrease)/Increase in Cash
Cash at the beginning of the year
Total cash at the end of the year		 Unrestricted
funds
Restricted
funds
2023 Total
funds
2022 Total
funds
£
£
£
£
(128,110)
-
(128,110)
(75,114)
1,454
3,020
4,474
3,297
(18,806)
-
(18,806)
(1,075)
(12,062)
-
(12,062)
(3,451)
(157,524)
3,020
(154,504)
(76,343)
(56,984)
87
(56,897)
(9,359)
76,455
(1,890)
74,565
(34,277)
83
-
83
(3,050)
(137,970)
1,217
(136,753)
(123,029)
(9,587)
-
(9,587)
466,192
317,808
784,000
-
12,062
-
12,062
3,451
18,806
-
18,806
1,075
8,241
(8,241)
-
-
495,714
309,567
805,281
4,526
-
-
-
-
-
-
-
357,744
310,784
668,528
(118,503)
291,613
256,538
548,151
666,654
649,357
567,322
1,216,679
548,151

Included in restricted funds of £567,322 is £7,834 (2022: £5,870) of deferred income, restricted to a capital fund, and £37,890 (2022: £41,744) of deferred income restricted to future projects.

The notes on pages 21 to 34 form part of the financial statements

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Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

Notes on the accounts

1. Accounting policies

Charity information

DEMAND Design and Manufacture for Disability is a private Company limited by guarantee incorporated in England and Wales. The registered office is c/o Building Bloqs, 2 Anthony Way, London, N18 3QT.

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – (Charities SORP (FRS 102 as amended for accounting periods commencing after 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The accounts are prepared in Sterling which is the functional currency of the Charitable Company and monetary amounts in these financial statements are rounded to the nearest £.

DEMAND Design and Manufacture for Disability meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

Group financial statements have not been prepared as the subsidiary undertaking is dormant and any adjustment would be immaterial after consolidation.

Preparation of the accounts on a going concern basis

The charitable company reported a cash inflow of £688,528 for the year.

The Trustees are of the view that this is within the parameters set in the annual budget and in line with the charity’s strategy of investing in skills and modern production machinery in support of its beneficiary growth aspirations.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Income

Income is recognised when the charity has entitlement to the funds and that any performance conditions attached to the item(s) of income have been met.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have

21

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the charity has been notified of the executor’s intention to make a distribution.

Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised but their contribution acknowledged in other publications and communications.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work, for specific projects or for work in particular geographies and/or for work with particular groups of people.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

22

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in notes 8 and 9.

Operating leases

The charity classifies the lease of equipment (e.g. photocopiers) as operating leases; the title to the equipment remains with the lessor and the equipment is generally replaced every 3 to 5 years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

sed so as to write off the
n the following bases:		 cost or valuation of asset
Land No depreciation
Buildings 2% on fair value
Plant, equipment and tools 10-33% on cost
Motor vehicles 25% on cost

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other recognised gains and losses within the SOFA and accumulated in reserves.

Stock

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises cost of goods that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the SOFA. Reversals of impairment losses are also recognised in the SOFA.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

23

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DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

1. Accounting policies - continued

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pensions

All employees of the charity were entitled to join the charity’s defined contribution pension scheme (after 3 months’ employment) which is funded by contributions from employee and employer. Members of the scheme may also contribute Additional Voluntary Contributions which are funded by the employee alone. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

The employer’s contributions made to pension schemes in 2023 were £12,379 (2022: £12,792) with an employer’s contribution rate of 5% of pensionable pay and an employee’s contribution of 5% of pensionable pay. The charity acts as agent in collecting and paying over employee pension contributions. Some members of staff were auto-enrolled into the company scheme (a qualifying scheme) at the statutory rate of at least 3%.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Financial instruments

The Charity holds only basic financial instruments. These are initially recognised at transition value and subsequently measured at their settlement value.

Critical accounting estimates and judgements

In the application of the Charitable Company’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

24

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DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

2. Donations and legacies
Donations
 2023
2022
£
275,771
307,986
275,771
307,986

The income from donations was £275,771 (2022: £307,986) of which £251,531 was unrestricted (2022: £278,748) and £24,240 restricted (2022: 29,238).

3. Charitable activities
Inclusive sports equipment
Donated specialist equipment
DEMAND's own products

4. Investment income
Interest received gross
5. Other income
Surplus on disposal of tangible assets
6. Expenditure on raising funds
Fundraising		 2023
2022
£
£
5,557
14,728
927
507
10,163
5,630
16,647
20,865
2023
2022
£
£
18,806
1,075
18,806
1,075
2023
2022
£
£
12,062
3,451
12,062
3,451
2023
2022
£
£
35,567
41,402
35,567
41,402

Expenditure on fundraising activities was £35,567 (2022; £41,402) of which £35,567 was unrestricted (2022: £41,402) and £NIL was restricted (2022: £NIL).

25

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

6. Expenditure on raising funds - continued

In addition to directly attributable fundraising costs, expenditure on fundraising includes a total of £160 (2022: £146) of allocated governance costs, of which £160 (2022: £146) was unrestricted, and £Nil (2022: £Nil) was restricted.

There were also £953 (2022: £596) of total allocated support costs, of which £953 (2022: £596) was unrestricted, and £NIL (2022: £NIL) was restricted.

7. Analysis of expenditure on charitable activities

Key to activity headings

[CE] Custom equipment [ODP] Other DEMAND products [SRM] Specialist equipment repair

[ISE] Inclusive sports equipment [E&O] Education and outreach [HL] Helpline [SS] Student support

CE ODP SRM ISE E&O HL SS Total
2023
£ £ £ £ £ £ £ £
Designing, producing
& delivering products 143,479 51,574 (191) 18,866 81 12,845 22,293 248,947
and services
Marketing 10,261 9,234 144 3,382 - 437 1,296 24,753
Premises 45,506 2,073 1 345 - 138 690 48,753
Depreciation 4,474 - - - - - - 4,474
Governance 16,884 22,340 3 3,168 - 1,266 2,959 46,620
Support costs 7,115 23,699 2 4,430 3,451 967 2,617 42,281
Total 227,719 108,920 (41) 30,191 3,532 15,653 29,855 415,829

Expenditure on c haritable activities was £415,829 (2022; £367,089) of which £391,589 was unrestricted (2022: £336,698) and £24,240 was restricted (2022: £30,391). See below for the analysis of expenditure on charitable activities for the previous year (2022).

Analysis of expenditure on charitable activities for the previous year (2022)

Designing, producing
& delivering products
and services
Marketing
Premises
Depreciation
Governance
Support costs
Total		 CE
ODP
SRM
ISE
E&O
HL
SS
Total
2022
£
£
£
£
£
£
£
£
150,375
52,018
145
20,467
943
11,906
17,668
253,522
8,295
10,549
1,376
3,461
-
539
1,876
26,096
13,587
6,287
2
1,048
-
419
2,095
23,438
3,296
-
-
-
-
-
-
3,296
11,341
15,899
2
2,142
-
857
1,211
31,452
6,092
15,785
2
2,915
2,053
688
1,750
29,285
192,986 100,538
1,527
30,033
2,996
14,409
24,600
367,089

26

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

8. Analysis of governance and support costs

The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining support costs together with the governance costs are apportioned between the seven key charitable activities undertaken (see note 8) in the year.

Refer to the table below for the basis of apportionment and the analysis of support and governance costs.

Basis of General Governance Total
apportionment support 2023
£ £ £
Trustee meetings Actual Cost - 940 940
Trustee Recruitment Actual Cost - 10,000 10,000
Salaries and related costs Allocated on time 33,226 20,443 53,669
Audit fees Governance - 11,000 11,000
Legal and professional Governance - 3,519 3,519
Insurances Governance - 871 871
General office Pro rata staff full-time
equivalents		 10,008 7 10,015
Total 43,234 46,780 90,014
Fundraising Charitable Total
activities 2023
£ £ £
General Support 953 42,281 43,234
Governance 160 46,620 46,780
Total 1,113 88,901 90,014
Analysis of governance and support costs – previous year (2022)
Basis of General Governance Total
apportionment support 2022
£ £ £
Trustee meetings Actual Cost - 370 370
Trustee Recruitment Actual Cost - 400 400
Salaries and related costs Allocated on time 21,197 18,708 39,905
Audit fees Governance - 9,900 9,900
Legal and professional Governance - 1,134
1,134
Insurances Governance - 1,077
1,077
General office Pro rata full time equiv. 8,684 9 8,693
Total 29,881 31,598
61,479

27

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

8. Analysis of governance and support costs – previous year (2022) – continued

Fundraising Charitable Total
activities 2022
£ £ £
596 29,285 29,881
146 31,452 31,598
742 60,737 61,479
2023 2022
ome /(expenditure) for the year £ £
ources are stated after charging:
Auditors' remuneration 11,000 9,000
Depreciation - owned assets 4,474 3,297

9. Net income /(expenditure) for the year

Net resources are stated after charging:

10. Trustees' remuneration and benefits

There were no Trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

The cost to the charity of indemnity insurance relating to the Trustees for the year amounted to £871 (2022: £885).

Trustees' expenses

One trustee was reimbursed for travelling expenses totalling £210 (2022: £288) in the year ended 31 December 2023.

Trustee recruitment expenses totalling £10,000 (2022: £400) were met during the year ended 31 December 2023.

The charity also met the expense of providing meeting facilities and refreshments for Trustee meetings. For the year ended 31 December 2023 these expenses totalled £258 (2022: £82) for refreshments and £471 (2022: £Nil) for room hire.

11. Staff costs
Salaries and wages
Social security costs
Pension costs		 2023
2022
£
£
265,020
273,447
24,878
25,433
12,379
12,793
302,277
311,673

28

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

11. Staff costs – continued

The average monthly head count was 5 staff (2022: 7 staff)

Production staff
Fundraising
Management and administration
Marketing		 2023
2022
3
5
0
0
1
1
1
1
5
7

The number of employees whose emoluments fell within the following bands was:

2023 2022
£70,001 - £80,000 1 1

Remuneration of key management personnel

The remuneration of key management personnel is as follows;

Gross salaries
Company pension contributions
Aggregate compensation		 2023
2022
£
£
133,925
122,020
5,952
5,501
139,877
127,521

12. Related party transactions

£340 was paid to appMotivate, a web applications and IT support Company owned by Peter Evans, a brother of the Chief Executive, Gary Evans (2022: £1,212).

13. Corporation tax

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

29

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

14. Tangible fixed assets

Tangible fixed assets
Cost_( or valuation at fair value_)
At 1 January 2023
Additions
Disposals written back
Revaluation
At 31 December 2023
Depreciation
At 1 January 2023
Charge for year
Eliminated on Disposal written
back
Rounding Adjustment
At 31 December 2023
Net book value*
At 31 December 2023
At 31 December 2022		 Freehold*
land &
buildings
Tools and
equipment
Motor
vehicles
Total
2023
£
£
£
£
979,500
103,554
10,990
1,094,044
-
9,587
-
9,587
(979,500)
(90,849)
(10,990)
(1,081,339)**
-
22,292
-
22,292
1
98,845
10,989
109,835
-
4,473
1
4,474
(1)
(90,849)
(10,990)
(101,840)
1
1
-
12,470
-
12,470
-
9,822
-
9,822
979,499
4,709
1
984,209

The closing net book value represents fixed assets used for:

Direct charitable purposes
Management and administrative purposes		 Freehold
land &
buildings
Tools and
equipment
Motor
vehicles
Total
2023
£
£
£
£
-
9,822
-
9,822
-
-
-
-
-
9,822
-
9,822

30

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

15. Fixed asset investments

Market value
At 1 January 2023 and 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Shares in
group
undertakings
2023
£
1
1
1

There were no investments outside the UK.

The charitable company's investments at the balance sheet date in the share capital of companies include the following:

Demand SRM Limited – registered in England and Wales under number 07352263

Nature of business: Dormant

Class of share:
Ordinary
Debtors
Trade debtors
Other debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Trade creditors
Accruals and deferred income
Taxation and social security costs
Other creditors		 % holding
100%
2023
2022
£
£
26
1,500
26,873
21,420
57,229
4,311
84,128
27,231
2023
2022
£
£
67,949
5,264
68,452
59,403
18,129
14,729
1,106
197,175
155,636
276,571

16. Debtors

17. Creditors: amounts falling due within one year

Deferred income of £45,724 (2022: £47,614) included in accruals and deferred income represents restricted donations received in advance.

31

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

18. Analysis of charitable funds

Analysis of movements in unrestricted funds

General Fund
Designated Fund
General Fund
Designated Fund
Restricted funds
Building fund
Plant and machinery fund
Workshop fund
Education & outreach fund
Motor vehicle Fund
Total Funds		 Balance
Incoming
resources
Resources
expended
Transfers &
revaluations
Funds
01 Jan 23
31 Dec 23
£
£
£
£
£
259,946
299,045
(427,155)
466,191
598,027
39,736
-
-
-
39,736
299,682
299,045
(427,155)
466,191
637,763
The 'free reserves' after allowing for all designated funds
Designated development fund in support of the charity's beneficiary
growth plan.
Balance
Incoming
resources
Resources
expended
Transfers &
revaluations
Funds
01 Jan 23
31 Dec 23
£
£
£
£
£
979,499
-
-
(466,191)
513,308
3,261
5,037
(5,037)
-
3,261
2,715
6,165
(6,165)
-
2,715
100
13,039
(13,039)
-
100
3,816
-
-
-
3,816
989,391
24,241
(24,241)
(466,191)
523,200
1,289,073
323,286
(451,396)
-
1,160,963

Building fund The Building fund was established to provide for the purchase of the freehold building to house the charity due to the closure of Napsbury Hospital, from which it formerly rented premises.

Included in the Building Fund is a revaluation reserve and the balance at the Balance Sheet date was £Nil (2022: £479,660).

Plant and machinery fund

The Plant and machinery Fund was established for the purchase of a vacuum moulding machine to enable the charity to mould large pieces of equipment for those with disabilities.

32

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

18. Analysis of charitable funds - continued

Designated development fund

Education and outreach fund

Workshop fund

Motor vehicle fund

The Designated development fund was established in 2014 to fund investment in skills and equipment which would increase the charity's resilience, efficiency, and capabilities to meet the challenges of the charity's beneficiary growth plan.

The Education and outreach fund was established in 2014 to extend Demand's work with schools and Universities to increase awareness of the needs of disabled people, to promote best practice in assistive equipment design and to promote inclusivity in product design.

The Workshop fund was established to hold funds given to carry out our work delivering equipment to our beneficiaries with a restriction attached (for example: a restriction relating to a specific condition, age group or geography).

The Motor vehicle fund was established to hold funds given to purchase, operate, and maintain charity vehicles.

Analysis of Net Assets by fund

Fund balances at 31[st] December 2023 are represented by:

Tangible assets
Investments
Net current assets
Total		 Unrestricted
Restricted
Total
£
£
£
8,133
1,689
9,822
1
-
1
629,629
521,511
1,151,140
637,763
523,200
1,160,963

19. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund.

contributions payable by the charity to the fund.
2023 2022
£ £
Contributions payable by the company for the year 12,379 12,793

33

Docusign Envelope ID: FFE21B30-3D0E-480E-BF61-BDEB85C5D628

DEMAND DESIGN AND MANUFACTURE FOR DISABILITY Notes to the Financial Statements for year ending 31 December 2023

20. Limited liability status

The charitable company is limited by guarantee and has no share capital. Every member guarantees that, if the charity is dissolved while he or she remains a member or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilities incurred by the charity while the contributor was a member.

21. Analysis of changes in net funds

01 Jan 2023 Cash Flows 31 Dec 2023
£ £ £
Cash at bank and in hand 548,151 668,528 1,216,679

34