REGISTERED CHARITY NUMBER: 1177455
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
TEAM UNLIMBITED
JVCA Ltd, Chartered Accountants 114 High Street Cranfield Bedford MK43 0DG
TEAM UNLIMBITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | to | 10 |
| Notes to the Financial Statements | 11 | to | 15 |
| Detailed Statement of Financial Activities | 16 |
TEAM UNLIMBITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022
TRUSTEES D Murray Treasurer REGISTERED OFFICE 8 Llwynon Road Clydach Abertawe SA6 5NQ REGISTERED COMPANY CE013467 (England and Wales) NUMBER REGISTERED CHARITY 1177455 NUMBER INDEPENDENT EXAMINER JVCA Ltd, Chartered Accountants 114 High Street Cranfield Bedford MK43 0DG
Page 1
TEAM UNLIMBITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022. 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) (effective 1 January 2019).
Our Story
We are Team Unlimbited, a UK charity setup by Stephen Davies and Drew Murray that designs and manufactures 3D assistive devices for people without a forearm, all for free.
We are completely dependent on donations to continue to evolve our designs, build our community of manufacturers and makers, and to build the actual arms for recipients too! All of our designs are open source for non-commercial use for anyone around the world to use.
If you would like to donate or discover more about our story and the amazing people we help, visit https://bit.ly/2SVcUAy, or visit our website or Facebook pages.
Printing a 3D arm can take quite a while, as can assembling and tweaking it! The trustees all have jobs so, currently, the work of the charity is done on a part-time basis. We hope to change that and potentially bring an employee into the charity to expand how many arms we can make and the number of people we can help !
Empowering and inspiring
We hope to be empowering and inspiring people with limb difference through the design and building of innovative 3D printed arm devices.
Team Unlimbited strives to be a catalyst for change in the complex world of upper limb devices. By giving the world a helping had, we can help improve the confidence and courage of children and adults with limb difference and ultimately, work towards removing the long-standing stigma around discussing disability.
Thank you!
A really big thank you to everyone who has donated money - not only since the charity has been formalised but also in the period when Drew and Stephen were just starting on this journey.
Thank you! Your support is appreciated and welcomed. ...and if you want to give please follow this link : https://www.teamunlimbited.org/donate
Thank you also to all the lovely people who fundraised for us! ...and all the people who contributed to their fundraising efforts.
Page 2
TEAM UNLIMBITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document
The charity was founded by adopting a constitution dated 7 March 2018.
Organisation
The names of the Trustees who served during the year are set out on the information page. Trustees meetings are held on a regular basis, with ad hoc meeting being held as and when necessary. Day to day running of the organisation is handled by Mr D Murray and Mr S Davies.
Risk Management
The trustees carry out an annual review of the risks which the charity may face, have established systems and procedures to mitigate any risks identified and minimise any potential impact should any identified risks materialise.
Objects
The objects of the charity are:
The relief of those in need because of upper limb difference, in the UK and elsewhere in the world, for the public benefit, by (i) the design and production of 3D printed assistive devices and
(ii) the provision of support, education and practical advice in their use.
Activities for the public benefit
The Trustees have due regard for the guidance on public benefit and achieve these aims by designing, building and gifting 3D printed hands and arms in the UK. Giving advice support and advice in the UK and worldwide and by sharing all our designs online, open source completely free.
The Trustees have referred to guidance contained in the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aim and objectives they have set.
Achievements and performance
This year we continued to support people and various volunteer groups all over the world with questions, advice and generating the digital components to build their own devices.
In 2022 we had over 30,000 downloads of our version 2, current arm design from people all over the world including the UK.
We have continued to test and finalise developing a new version of our arm focusing on all the feedback we have received from all over the world.
Page 3
TEAM UNLIMBITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
What have we done this Year? - Notable highlights
This year our focus has been in three key areas.
- Supporting those building devices for themselves and others.
As 3D Printer ownership or access to a 3D printer becomes more common we have seen a significant reduction in people in the UK requesting a device but instead seeking support on building a device for themselves or someone else.
- Completion of Beta Testing of V3 of our arm.
This ground up re-design of our arm has been significant with several re-designs required, V3 of our arm has some key improvements.
-
Significant reduction in number of parts, including small parts which reduces the risk of a choke risk in very young users, Hand Part Count reduced from 20 to just 3.
-
All arm parts are all now fully parametric allowing for a greater range of sizes possible, now able to produce arms from 4+ through to adult size.
-
Greater printability, able to print adult size arm on smaller, common size printers.
-
Non thermoform forearm option for those who prefer a more traditional print while still being structurally strong enough to support a hand and the mechanical grip force required.
-
Development of a hosting solution for the V3 arm
For several years our arm design has been published on a website called Thingiverse using their customizer as a simple way for users to get our design in their required dimensions. Thingiverse has become un-reliable, and users are having to use a more complex method to generate the 3D printing parts they require for our arm. We are working with a local software company to devise a new website to host the V3 design for a much-simplified way for people to access the arm design they need in the custom dimensions required.
Page 5
TEAM UNLIMBITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
With each design change there has been considerable testing to ensure elements work as expected and that the newly designed parts can be created across all required sizes, several parts have undergone re-design and re-testing as part of this work that has ultimately proven to be frustrating and delaying the release.
The re-designed elements were based on the outcome of testing which found issues with some of the parametric size requirements and also physical forces the arms would encounter under normal use, requiring further changes to ensure sufficient strength while keeping the printing process simple.
The new hosting platform for V3 will launch with the new device and will be free for anyone around the world to use, providing a quick and easy interface for people to obtain the correctly sized files for them to build a device.
The trend to self-build devices and seek advice over people requesting us to direct build devices continues, assisted by the continuing lower price point for 3D printers and the improvement of their usability, availability, and people's normalisation to 3D printing technology.
We support this change in demand and assist people who wish to build their own device by supporting their efforts through advice, guidance, digital part generation of our design and also periodic enhancement and revisions to V2 of our design.
In a wider context we also continue support the limb difference community with our social media feed and provide guidance / sign posting to parents and individuals of a Limb difference to organisations that could assist them. Our colourful arm designs and recipient stories continue to inspire and create a dialogue between those with a Limb difference and society.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... D Murray - Trustee
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEAM UNLIMBITED
Independent examiner's report to the trustees of Team Unlimbited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 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 examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance 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 connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr J C Vowles FCA
JVCA Ltd, Chartered Accountants 114 High Street Cranfield Bedford MK43 0DG Date: .............................................
Page 7
TEAM UNLIMBITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,237 EXPENDITURE ON Charitable activities GENERAL 18,363 NET INCOME/(EXPENDITURE) (14,126) RECONCILIATION OF FUNDS Total funds brought forward 75,370 TOTAL FUNDS CARRIED FORWARD 61,244 |
2021 Total funds £ 5,791 30,457 (24,666) 100,036 75,370 |
|---|---|
The notes form part of these financial statements
Page 8
TEAM UNLIMBITED
BALANCE SHEET 31 DECEMBER 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 8,276 CURRENT ASSETS Debtors 7 1,625 Cash at bank 57,675 59,300 CREDITORS Amounts falling due within one year 8 (6,332) NET CURRENT ASSETS 52,968 TOTAL ASSETS LESS CURRENT LIABILITIES 61,244 NET ASSETS 61,244 FUNDS 10 Unrestricted funds 61,244 TOTAL FUNDS 61,244 |
2021 Total funds £ 12,392 - 69,885 69,885 (6,907) 62,978 75,370 75,370 75,370 75,370 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 9
TEAM UNLIMBITED
BALANCE SHEET - continued 31 DECEMBER 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. D Murray - Trustee
The notes form part of these financial statements
Page 10
TEAM UNLIMBITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. STATUTORY INFORMATION
Team Unlimbited is a charitable incorporated organisation registered with the Charity Commission in England and Wales. The office address is 8 Llwynon Road, Clydach, Abertawe, SA6 5NQ.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Public benefit entity
The charity meets the definition of a public benefit entity under FRS 102.
Going concern
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 11
TEAM UNLIMBITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 4,116 | 4,117 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
5. EMPLOYEES & VOLUNTEERS
| Average number of employees Average number of volunteers TANGIBLE FIXED ASSETS COST At 1 January 2022 and 31 December 2022 DEPRECIATION At 1 January 2022 Charge for year At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 |
2021 nil 5 |
2020 nil 5 Computer equipment £ 21,506 9,114 4,116 13,230 8,276 12,392 |
|---|---|---|
6. TANGIBLE FIXED ASSETS
continued...
Page 12
TEAM UNLIMBITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| £ | £ | ||||
| VAT | 1,625 | - | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Other loans (see note 9) | 6,547 | 6,547 | |||
| Accrued expenses | (215) | 360 | |||
| 6,332 | 6,907 | ||||
| 9. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Amounts falling due within one year on demand: | |||||
| Other loans | 6,547 | 6,547 | |||
| 10. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1/1/22 | in funds | 31/12/22 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 75,370 | (14,126) | 61,244 | ||
| TOTAL FUNDS | 75,370 | (14,126) | 61,244 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 4,237 | (18,363) | (14,126) | ||
| TOTAL FUNDS | 4,237 | (18,363) | (14,126) |
continued...
Page 13
TEAM UNLIMBITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/1/21 £ Unrestricted funds General fund 100,036 TOTAL FUNDS 100,036 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 5,791 TOTAL FUNDS 5,791 |
Net movement At in funds 31/12/21 £ £ (24,666) 75,370 (24,666) 75,370 Resources Movement expended in funds £ £ (30,457) (24,666) (30,457) (24,666) |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/21 | in funds | 31/12/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 100,036 | (38,792) | 61,244 |
| TOTAL FUNDS | 100,036 | (38,792) | 61,244 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,028 | (48,820) | (38,792) |
| TOTAL FUNDS | 10,028 | (48,820) | (38,792) |
continued...
Page 14
TEAM UNLIMBITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 15
TEAM UNLIMBITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 4,237 | 5,791 |
| Total incoming resources | 4,237 | 5,791 |
| EXPENDITURE | ||
| Charitable activities | ||
| 3D consumables | 698 | 3,133 |
| Postage and stationery | 145 | 25 |
| Advertising | 11,600 | 14,400 |
| Website Costs | 55 | 216 |
| Subscriptions | 348 | 88 |
| Travel and Subsistence | - | 1,347 |
| Charitable Donations | - | 5,000 |
| Accountancy | 1,400 | 1,927 |
| IT Software and consumables | - | 204 |
| Depreciation of tangible fixed assets | 4,117 | 4,117 |
| 18,363 | 30,457 | |
| Total resources expended | 18,363 | 30,457 |
| Net expenditure | (14,126) | (24,666) |
This page does not form part of the statutory financial statements
Page 16