REGISTERED COMPAS1, NI:IIIBER: 07178746 (England And Il'ales) REGISTERED C14.4RITI' NLMBER: 1136172 Report of the Trustees and Unaudited Financial Statements For The Year Ended 31 March 2024 for Limbcare Limited Fuller Spurling Mill House 58 Guildford Streel Chertsey Surrey KT16 9BE
Limbcare Limited Contents of the Financial Statements ForThe l'ear End¢d 31 larch 2024 Page Report of the Trustees I to 3 Independent Examiner's Report Statement of Ftnaneial Activities Balance Sheet Notes to the Financial Statements 8 to 13 Detailed Statement of Financial Activities 14 to 15
Limbcare Limited Report of the Trustees ForThe l'ear Ended 31 I¥larch 2024 The Irusiees who are also d]reOrS of the charity for ihe purposes of the Companies Act 2006. present their report with the financial statements of the charits, for the year ended 31 March 2024. The irustees have adopted Ihe provisions of Accouniing and Rcporting b). Charities.- Statement of Reconimended Practice applicable to chariiies preparing their accounts in accordaTrce '1th Ihe Financial Reporting Standard applicable in the UK and Republic of Jreland {FRS 102) leffeclive l January 2019). OWEcfii'ES AYD ACTII,ITIES Public benefit Ensuring our work delivers our aims. Our aim is lo provide help and supw)rt to all ampulees and limb-impaired, their families, friends and carers in the UK, offering them a greaier indepcndenee and better quality of life. We have identified that Help and Support can be categorised into the following broad areas as set out in one of our leaflets - EducationIAarencsS , Independent Living Recycling, 'ClI -being and welfare benefits. The aim is to have Limbcare's Itaflets in every rehabilitation centre. hospitals. surgeries and all health and well-being outlets. The main benefit of all our infomialion is io provide the support to guide ampulees and families to live and cope with their disability. The Twstee5 confirni that they have complied with the duty in Section 17(5) of the c20112 Charilies Act to have due regard to guidance published by the Charity Commission (ie public benefit statement) ACHIEVEMENT AND PERFORMANCE Charitable activities This year we have reviewed our aims. objeclives and our successes in each of our key activities and will do so every year. Our supwn line and email has been very bus). offering h¢lp on benefit issues. housing problems, limb comfort and many other enquiries. Ive continue to offer free help and supw)rt lo an)'one who requircs it our funding is received from donations, fundraising activities and from corporate sponsors. The review also helps us ensure our aims, objectives. and activities remain focused on our stated purposes. FINANCIAL REVIEW Financial position lith the cost-of-living pressures, the year under review has been another difficult one to raise funds and keep a volunteer leam together. However. wilh the help of some sound financial management and support of its trustees. volunteers and corpordte sponsors. Limbcare generated a iotal income of £74,516 (2023.. £65,296). The expenditure for the y&ir totalled £71.031 (2023.. £62.689). The result for the year was a surplus of £3.485 (2023.. £2,607). Prin¢Épal funding sources for the charity, &sid¢ from th¢ income generated through donations and fund raising events, ar¢ currently by way of corporate sponsorship and public donations. Sponsorship to date has taken the fomj of funding day-to-day expenses. providing help and &ssis(an¢e where needed and providing storage capacity (Blue Box Storage. FarnlM)rough Hampshi) and office a¢commodaiion {Westm¢ad House, Farnlx)rough, Hampshire) Limbcare is very grateful for the major funding contributed io it from these and other swinsors in England and Wales. Page I
Limbcare Limited Report of the Trustee5 ForThe l'ear Ended 31 Nlarch 2024 FI.NANCIAL REVIEW Review of the )'ear The Jear 11] be remembered as the one in which our founder and principle trustee, Ray Edwards. passed away. A new tNslee was appointed and M'e, collectivel),, remain full). conimitted io continuing Ihe work. of ihe charilfv. and ensuring its aims are maintained. Limbcare came through the Covid pandemic, but 2023 1 2024 was slill a year of recovery, both in tem)$ of raising finance (the cost of living crisis) and also in being able to provide the necessary. supwrt to amputees, given thal the hospitals and rehabilitation centres were unable lo alloM fhe access th2t had been available lo Limbcare pre-coK'id. We understand that ampulation numbers have increased greatly 5in¢e Covid, and whilsi we have offered a reaetii'e service to those that contact us, our primary aim for the next year is for Limbcarc lo be part of the rehabilitation process. This entails working clo%ly with consultants, prostheÉist5, technicians, physios, and occupational therapists in the local hospitals, and meeling Ihe amputees who are recovering under their care. Our SUprt line remains very busy with calls from ampuitts and limb-impaired, EK)th from those recenily imp3cl¢d and people who hav¢ had issues for many years. Whilst every caller is unique, the trustees and volunteers are able to cite their own experiences i¥hen discussing (for example) mobility issues, socket discomfort and financial support that could be available. The Limbcare team are keenl>' aivare Ihal offering reassurance and empathy is essential wheft talking to amputees aEK)ut the trauma of losing a limb. Whilst we had to close our Shopmobility outlei during Covid, we have coniinued to reeeive many offers of unwanted equipmenl such as wheelchairs, cruiches, mobilit), aids, mobility scooters and electric p0er chairs from across the country. Our collaboration with the Ukrdine Relief charity has enabled Limbcare to handover vanloads of equipment which are then disiribuled to Ihose in desperate need in Uk'rnine. Hom'ever, where we receive equipment of high value, in good condition, we prefer to either donate it lo a UK amputee or limb-impaired, or sell il lo raise funds. We h3ve been reslricted io a certain extent in the collection of large chairs 15COOters by our laek of suitable transwrt a deficiency that Limbcare aims to resolve in ihe next year. given ihe success of our recycling policy. Limbcare has successfully reduced its overheads. and we remain extrcmcly gratcful to the Wilky Group for the provision of our offices in Westmead House, lo Blue Box for storage and to our accountants. Fuller Spurling, for their continued support and their work on the Limbcare accounts. Financially. this support has helped the charity to end the year in a better financial state than it was at the start of the year. We also owe a huge debt of grdlityde to our staff and volunteer team, who have given up their time and conlributed to our achievemenls this year. Wilh the problems of recenl years hopefully behind us, l and my fellow tNstees are optimisiic ihai with the support of our volunteers, Limbcare can roniinu¢ (and build on) its greai work. FUTURE PLANS Whilst Limbcares main aims are unchanged. the charity will need to adapl to a life withoul its founder and the 'face of Limbcare,. - le plan to buy a van io assist / increase ihe colle10n and delivery of donaied equipment and items for recycling. To continue to build the profile of ihe charity. enabling it lo reach the widest audience possible. To re-establish some fom) of presence within local hospitals and rehabilitation centres. For distant centres, to provide infom)ation thal contains contact details, should patients wish to benefit from our services. . To arrange publishing and wide distribulion of Limbcare's Prickles bookl . To increase the number of volunteers and Trustees lo facilitale more fundraising opportunities To continue lo receive mobility equipment walking sticks, crutches, wheelchairs etc - for the benefit of the UkrJine Relief charity. .To continue to lobby service providers with regards to improving the quality of prosthetic services. STRuuRE, GOVERNANCE AND MANAGEMEIYT Governing document The charity is controlled by 115 governing document, a deed of tDJsL and constitut¢s a limited company? limiied by guaraniee, as defined b! the Companies Acl 2006. The company was established under a Memorandum of Association, which established the objectives and powers of a charitsble company and is governed under its Articles of Association. Page 2
l.inibcare l.iiiiitcd Rcpi>rl il' thc Tru%lecs For The l eJr Ended .11 Mgrcli 2024 STRIICTI,'RE. GOV"R/NCE A%I>IIIAN..IGL%I IENT Rocruitllieiit #nd App(binlment ot. new ts'uslee5 rrusleeb drL %cILLlid diid iiivilLd lu J(Jin iliL Biijrd ol- Trii%iees bv e.xJ.%linL intsiees aJ)d IliL' JppoinliTJent of tru¥iee% Is ve5te(l M'illi (he Iii]slees. Exiblinb ttwl¢¢ cali reLuiiuiietid Il)e app)iiiiiiieni ol" a iiei%' trysl¢c ai ali), lui)e. Organisational striicliir Thc Rnird .Irc rc%p(>n%iblc ftsr thc overiill lidat1¢C li Trd g()vemanLc of d)c clTrantv. TheN seck to cngiire Thai ihc ch1ritv opcralc% so 10 tiiltil il)e ol)j¢ctii'es s¢t Out in the Articlc% of AsÉociation and that arreniiftn is paid to chariry law and oilicr rclovwit Icgislalioii. 'The role ol. Ihc b(bai"d Is to cstablish Ihc str42t¢gi¢ dircciion ol" Ihe chiT]ty, to Providc Icadci%hip aiid in cnsuic Ihat ¢}rIble fvndg aFe i)ropcily ulilised and,'.%afeguarded_ T]ic dd}. lip dcl) ()PLTdliiinal miiiiagcniLnl lif iliL or¥(lJli51t tinn is dcleg1£ red i() trie C".Iicllln)IL 11 Llrid Icp ¥(JluniLer Icilin in¢ludii)g lelluw Inisiees. l-lie board. kni¥ever. retain.% (ormal rcspongibililies li)r all p(ili¢ie%. deci%ionf and actiiins of ilic ¢harity. InductÉon and trainintF of trustees TrusicLs, li IiLfL' pths5iblL. IN"ill be r¢siTron%ible fui areas in ivlitLlI Iliey Iwi'e PtiLU10r iJi(e1¢51. Appropriaie bluidance aT]d Irdining in 1hc fLipontsibililics will bL' pThivid¢d whL TC I)ccd. IIfr:TrTr-IU-NCE .AND,1DIqJ'[STRATlI, I)ETAILS Registcrcd Compjny numhLr 117178746 (Enq17nd ld WJlc<) Re%istored C.'hxrit! numher 1136172 Re215tercd Olte ,SiiitL 3C' WL.Stniead I louse Hanip.£l)ire (iU147LP 'rru4tee5 Ei l.dv'ards (decea%ed 4.3.:. 41 J Call¢JiJtr C S Banlin J K Flowell (appointed 2U.3.74) IndepeDdeDt ExAmiDer Ml& Ik T C Hdrvey FCA Fuller Spur[8 hlill Hoe 58 CFuildfuid Street Chert5 SuTTey KT169BE Appiovcd by order of tbe board of trusteL on .... .. . I.. IDI+... siglled on ils bel]all'bv: J Q illender Tni%tce Page i
Independent Examiner's Report to the Truslees of Limbcare Limited Indei)endent examiner's report to the trustees of Limbcare Lijnited {'the Compan) ) I report to Ihe charity Érusiees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities ond basis of report As Ihe charity s Irustees of ihe Company (and also its directors for Ihe purposes of company law) you are responsible for the preparation of the accounts in aLcordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent exaTnination, I report in respect of my examination of your charity's accounts &8 carried out under Section 145 of the Chariiies Act 2011 I'the 2011 Act'}. In carrying out my examination I have followed the Directions given b}, the Charity Conimission under Section 145(5) (b) ofihe 2011 Act. Independent examiner's statement I hai'e completed MJ. examination. I confinn that no rnatte have come to my attention in conneclion with the examination giving me cause io believe- accounting records were not Kept in respect of the Company as required by Section 386 of the 2006 A¢i- or the accounts do not accord with those records; or the accounts do not comply with the accounting requiremenls of Section 396 of the 2006 Act other than any requiremenl that the accounts give a true and fair vie, which is not a matter considered as part of an indcpendent examination,. or the acwunts have not been prepared in accordance with the methods and principles of ihe Statemenl of Recommended Praciice for accounting and reporting by charities (applicable to charities preparing their aOun1$ in acwrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in ¢onn¢clion with the examination to which attention should be drawn in this rerA)rt in order to enable a proper understanding of the accounts to be reached. Mark T C Harvcy FC Fuller Spurling Mill House 55 Guildford Street Chertsey Surrey KT169BE Date.. 41IL Pagc 4
Limbcare Limited Statement of Financial Aclivilies (Incorporating an Income and Expenditure ..Iccount) ForThe Year Ended 31 Mareh 2024 31.3.24 Total fuF]ds 31.3.23 Total funds Unresiricied fund Resiricied fund Noles INCOME AD E,DO..METs FROI¥I Donations and legacies 23,012 49,947 72,959 64,395 Fund ratsing activities Inveslmenl income 1,482 75 ,482 75 901 Total 24,569 49,947 74,516 65,296 EXPENDITURE ON Raising funds 898 898 3,679 Charitable 4ctiN'ities Charitable 20,136 49,997 70,133 59,010 Total 21,034 49,997 71,031 62,689 NET INCOMEI(EXPENDITURE) 3.535 (50) 3.485 2,607 RECONCILIATION OF FUNDS Total funds brought fon¥ard 12,807 450 13,257 10,650 TOTAL FUNDS CARRIED FoR'ARD 16,342 400 16,742 13,257 The notes fom) part of these financial slaiements Page 5
Limbeare Limited Balance Sheet 31 Mgrch 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricied fund Reslricled fund Notes FIXED ASSETS Tangible assets 1.439 100 1,539 1,465 CURRENT ASSETS Siocks Debtors Cash at bank 838 500 14,957 838 500 15,257 1,003 500 12.055 10 300 16,295 300 16,595 13,558 CREDITORS Amounts falling due within one )'ear (1.392) (1,392) (1,766) NET CURREIYT ASSETS 14.903 300 15,203 11.792 TOTAL ASSETS LESS CURRENT LIABILITIES 16.342 400 16,742 13,257 ET ASSETS 16,342 400 16,742 13,257 FIIIIDS Unrestricted funds Restricted funds 12 16,342 400 12.807 450 TOTAL FUNDS 16.742 13,257 The charitsble company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The member5 have not required ihe company lo obiain an audit of its financial slatements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibililies for (a) ensuring that the charithble company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a irue and fair view of the stale of affaits of the charitable company as at the end of each financial yvar and of ils surplus or deficit for each financial year in accordance with ihe requirements of Seclions 394 and 395 and which otherwise complv with the requirements of the Companies Act 2006 relating to financial statements, so far &$ applicable to the charitable company. (b) The notes fomi part of these financial stalements Page 6 continued...
Jinil)L#re Limlted 1SalRnce %liti.t - ii)ntiniie 31 .1larcli 2V24 ie.%e financicil staTciiient.% l)avc becii pt'¢paTcd in accordi4 TICC Witli th¢ proi'i*ions applicable io cliariiablc cDmpanics 411bJLCI 10 IhL sn)Jll ion)p.Inic< rcgime. Tlie rinanc1411 stalLminis H'ere ai)proi'e(I by thc Board ..k..b.ÈL..2.Ql.4.-. . diid w'erL SI¥TIL,J ijn ilk hL.l)alf hi.: ol. Tnisiee% ai)d aijthorigcd tor I.Ue J C'allei)der - Tnisice The noles fomi P<uI (i( IhLsL fiiian¥idl %1atcmLnis Pagc 7
Limbcgre Limited otes to the Financial Statements For The l'ear Ended 31 larch 2024 ACCOL'NTING POLICIES Basis of preparing the financial statements The financial statements of (he charitable compan},, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102} 'Accounling and Reportin? b), Charities.. Ststemeni of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the Uk and Republic of Ireland IFRS 102} leffeclii'e l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ircland, and the Companies Aci 2006. The financial slalements hai'e been prepared under ihe historical cost convention. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in ihe relevant accounting policy notes. Financial reporting standard 102 - reduced disclosure exemption5 The charity has laken advantage of the following disclosure exemption in preparing these financial statements, as pem)itted b), FRS 102 'The Financial Reporting Standard applicable in the UK and Republie of Ireland,: the requireni¢nts of Seclion 7 SL3tement of Cash FIoM"'s. Income All income is reeognised in the Statement of Financial A¢tiN'ilies once Ihe charity has entiilemenl to ihe funds, it is pJDbable that the income iiill be received and ihe amount can be measured reliably. Activities for raising funds are recognised on a receivable b&sis and include events such as flower shows, golf days and similar fuJ]draising evenls. Volunteers and donated services and facilities The value of SeIceS provided by volunteers is not in¢orpordied into these financial statements. Further details of the contribution made by volunteers can be found in the trustees, annual report. Where goods or setvices are provided lo the charity as a donation Ihal would normally be purchased fmm our suppliers, this contributiotl 15 included in the financial slalements at an estimate b&8ed on the value of the contribution to the charity, unless the amounts are insignificant. Donated items which may be sold are not included ai ihe lime of receipt. The trustees consider thal it is nol practical to try to identify a fair value of such items and therefore, in a¢cordan¢e wilh FRS 102, any income derived from the sale of such items is recognised only once sold. Expenditure Liabilities are recognised expendilure as soon as there is a legal or constructive obligation ¢ommitting the charity to thal expenditure, it is probable thal a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is a¢counled for on an accruals basis and has been classified under headings thal aggregate all cost related to the category. Where ¢osts cannot be directly attributed lo particular headings they have been allocated io aciii'ilies on a basis con5iSteni wilh ihe use of resources. Cost of raising funds are those costs incurred in attracting voluntary income. Fundraising irading costs are disclosed at the net cost or income each year. Charttable activities include expenditure socialed with the help and support provided by the charity. Ihis includes premises cosls, telephone support, attendance ai pr¢sentations and events and associated iravel costs. Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory. requirements. Page 8 continued...
Limbcare Limited Notes to the Financial StAtenients- conlinued For The l'ear Ended 31 March 2024 ACCOIINTING POLICIES- continued Tangible fixed assets Depreciation is providcd at the following annual rates in order to write off each asset over ils eslimaled useful life. Motor vehicles Computer equipmenl 33 /0 on reducing balamce 330/0 on redueing balance Stocks Stocks are valued at the lower of cost and nel realisable value, after making due allowance for obsolele and slow moving items. Taxation The charity is exempl from ¢orpordtion on its charitable adivities. Fund accounting Unrestricted funds Can be used in accordance with the chttritable objectives at the discretion of the trustees. Designated funds are funds set aside by the directors out of unrestricted general funds for specific future purposes or projects. Restricted funds can only be used for particular restricied purposes within the object5 of the charity. Restriclions arise when specified by the donor or gran(or or when funds are rnised for panicular restricted purposes. Further explanation of ihe nature and PUTpose of each fund is tncluded in the note5 to the financial slatements. Debtors Debtors are recognised at the settlement amount due. Cash at bank and in hand Cash al bank includes cash and short lenn highly liquid inveslments with a short maturity of three months or less from the date of acquisition or opening of the de}Sit or similar account. Creditors Creditors and provision5 are recognised where the charity h&8 a present obligation resulting from 2 P&St event Ihat H'LII probably result in th¢ transfer of funds tt) a Ihird party and the amouni due to settle the obligation In measured or estimated reliably. Creditors and provision5 are norniaily recognised at their settlement amount due. Fu,D IL41SING AcfiviTIES 31.3.24 31.3.23 Fundraising events Social lotteries ,435 47 ,482 Page 9 continued...
Limbcare Limited Notes to the FinaDci41 Statements- continued For The Year Ended 31 March 2024 l%,EsT,ET INCOME 31.3.24 31.3.23 Bank interest 75 CHARITABLE AcfiviTIES COSTS 31.3.24 31.3.23 Siaff costs Premises costs (all restricted) Telephone, poslaee and slaiionery Travel and subsistence Insurance Computer maintenance & depreciation {£501£74 restricted) B2nk charges and interest Other costs 13,720 49,947 647 814 587 2.559 284 885 13,600 38,674 654 1,029 895 2,176 273 1.409 69,443 58,710 Accountancy and legal costs 690 300 70,133 59,010 NET INCOME/(EXPENDITURE) Net income/{expenditure) is staled after chargingl(crcditing): 31.3.24 31.3.23 Depreciation - owned assels Other operating leases 520 49.947 440 38,674 TRUSTEES, REMUIYERATION AND BENEFITS As unanimously agreed by the Board of Trustees, gross remuneraiion of £9.620 (2023.. £10,500) was payable lo R Edwards MBE for his full time employmcnt scrvices relaiing to ihe administration of the Charity until he p&8sed away in March 2024. In addition J Callender was paid £2,050 {2023 £1.550) for adminisirntion services and J How'ell was also paid £2,050 {2023 (£1,550) for adminislrnlion services (and was appointed as trustee in March 2024). Trustees, expenses Trdvel and subsisience expenses of £459 were reimbursed to 2 trusiees (2023: £569 paid to 2 irustees). Indemnity Insurance During the year trustees and 01cCrS indemnity insurance premiums of £587 were paid (2023: £895). Page 10 coniinued...
LimbcAre Limited Notes to the Financial Statements - continued For The l'ear Ended 3]IlarCh 2024 STAFF COSTS The average monthly nuniber of employees during the year was as follows: 31.3.24 31.3.23 Administrative stsff No emplo)'ees received emoluments in excess of £60,000. The key management personnel of the charity wmprise the trustees. TANGIBLE FIXED ASSETS Motor vehicles Compuier equipment Totals COST At l April 2023 Additions 2,122 10.570 594 12,692 594 At 31 March 2024 2,122 11,164 13,286 DEPRECIATION Ai l April 2023 Charge for year 1,805 105 9,422 415 11,227 520 At 31 March 2024 ,910 9,837 11.747 NET BOOK I'ALUE At 31 March 2024 212 1,327 ,539 Ai 31 March 2023 317 1.148 1.465 srocKS 31.3.24 31.3.23 Stocks 838 1.003 DEBTORS: AmOUTs FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors 500 500 Pagell conlinued...
Limbcare Limited Notes to the >"ingncial Stalements- continued ForThe l.ear Ended 31 March 2024 CREDITORS: AMOLINTS FALLING DUE WITIIIN, OYI E YEAR 31.3.24 31.3.23 Social security and other laxes Other credilors Accrued expenses 371 301 7?0 546 500 720 1,392 1,766 12. MOIIEMENT IN FuDs Net movement in funds Ai 31.3.24 At 1.4.23 Unrestricted funds Generdl fund 12,807 3,535 16,342 Restrieied funds Restricted 450 (501 400 TOTAL FUNDS 13.257 3,485 16.742 Net movement in funds, in¢luded in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Generdl fund 24,569 (21.034) 3,535 Restrieted funds Restricted 49,947 (49,997) {50) TOTAL FUNDS 74,516 (71,031) 3,485 Compirative5 for movement in funds Nel movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 10.426 2.381 12,807 Restricted funds Restricted 224 226 450 TOTAL FUNDS 10,650 2,607 13.257 Page 12 continued...
Limbcare Limited Notes to the Financial Statements- eontinued For The l'ear Ended 31 Mareh 2024 12. MovEIE'T IN FUNDS- continued Comparative net movement in fund5, included in the aVK)v¢ ar¢ &5 follows- Incoming resources Resources expended Movemenl in funds Unrestricted funds General fund 26,322 {23.941) 2,381 Restricted funds Restricted 38,974 (38.748) 226 TOTAL FUI%DS 65,296 {62,689) 2.607 The majority of the restricted income and expenditure relates lo donated services including rent and other ilems. The balan¢¢s ¢arried forward represent small amounts of income not spenl at each year end. 13. RELATED PARn' DISCLOSURES There were no related parry transactions for the year ended 31 March 2024. 14. LIABILITY LIMITED BI. GUARANTEE The company does noi hai'e a share capital and is limited by guarantee. In the event of the company being wound p, the m&ximum amount each member is liable lo contribute is £1. There were 3 (•023.. 3) members ai the year end. Page 13