REGISTERED CHARITY NUMBER: 1186502
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
THE OPEN BIONICS FOUNDATION
THE OPEN BIONICS FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
THE OPEN BIONICS FOUNDATION
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objective is to provide financial assistance to people with upper limb differences to provide advanced multigrip bionic arms.
Significant activities
During the year, the charity provided funding for 15 multi-grip bionic arms.
Public benefit
The trustees have complied with their duty to have due regard to the commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.
Grantmaking
The Open Bionics Foundation continues to use the same grant making policy focusing support on amputees with the greatest financial, physical, and emotional need.
Volunteers
During the year, the charity received volunteer assistance as follows:
Fundraising Support - Sarah Lockey
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the financial year 2024/2025 15 people received Hero Arms. Funding to access this technology has made a difference not only to the lives of congenital amputees, but also those that have lost limbs due to diseases such as Sepsis and other physical trauma.
FINANCIAL REVIEW
Financial position
During the financial year 2024/2025 the Open Bionics Foundation's turnover was £126,315, enabling £140,802 to be used to help 18 people receive Hero Arms.
Principal funding sources
The charity mostly relies on donations from wealthy individuals and Trusts/Foundations who seek to support amputees' access to care and bionic technology.
Reserves policy
The charity only holds reserves to cover one year's operating costs. The reserves held on the general account at 31st March 2025 were £312,360.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document; a Trust Deed dated 1st April 2019 and constitutes an unincorporated charity.
Risk management
The principal risk faced by the charity is overreliance on significant donors. The charity has therefore made steps to mitigate this by investing in the website and exploring direct marketing to raise awareness of the foundation.
Page 1
THE OPEN BIONICS FOUNDATION
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1186502
Principal address
Hamilton House Wells Road Chilcompton Radstock BA3 4ET
Trustees
D Melville Ms J Armitage Ms K Westwood Mrs L Lumbley (appointed 01/12/2024)
Independent Examiner
GS Verde Tax & Accountants Ltd 1 The Square BRISTOL BS1 6DG
Approved by order of the board of trustees on 30 January 2026 and signed on its behalf by:
28/01/2026
Daniel1 Melville (Jan 28, 2026 11:26:36 GMT)
Mr D Melville - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE OPEN BIONICS FOUNDATION
Independent examiner's report to the trustees of The Open Bionics Foundation
I report to the charity trustees on my examination of the accounts of The Open Bionics Foundation (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
George Frost (Jan 28, 2026 11:44:01 GMT)
George Frost ACCA GS Verde Tax & Accountants Ltd 1 The Square BRISTOL BS1 6DG
30 January 2026
Page 3
THE OPEN BIONICS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2025
| Unrestricted INCOME AND ENDOWMENTS FROM Notes fund £ Donations and legacies 12,575 Investment income 2 193 Total 12,767 EXPENDITURE ON Charitable activities Charitable Activities 5,872 NET INCOME/(EXPENDITURE) 6,895 RECONCILIATION OF FUNDS Total funds brought forward 19,793 TOTAL FUNDS CARRIED FORWARD 26,688 |
Restricted funds £ 113,740 - 113,740 138,609 (24,869) 308,487 283,618 |
2025 Total funds £ 126,315 193 126,507 144,481 (17,974) 328,280 310,306 |
2024 |
|---|---|---|---|
| Total | |||
| funds | |||
| £ | |||
| 196,498 | |||
| 144 | |||
| 196,642 | |||
| 155,951 | |||
| 40,692 | |||
| 287,588 | |||
| 328,280 | |||
The notes form part of these financial statements
Page 4
THE OPEN BIONICS FOUNDATION
BALANCE SHEET
31 March 2025
| CURRENT ASSETS Unrestricted fund Notes £ Cash at bank 27,089 CREDITORS Amounts falling due within one year 5 (350) NET CURRENT ASSETS 26,739 TOTAL ASSETS LESS CURRENT LIABILITIES 26,739 NET ASSETS 26,739 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 Restricted Total funds funds £ £ 285,406 312,360 (1,704) (2,054 ) 283,567 310,306 283,567 310,306 283,567 310,306 26,739 283,567 310,306 |
2024 Total funds £ 329,797 (1,517) 328,280 328,280 328,280 19,793 308,487 328,280 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2026 and were signed on its behalf by:
Daniel1 Melville (Jan 28, 2026 11:26:36 GMT)
Mr D Melville - Trustee
The notes form part of these financial statements
Page 5
THE OPEN BIONICS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognized in the Statement of Financial Activities once the charity has entitled to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committing 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 costs related to the category. Where costs cannot be directly attributed to headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from 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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2025 2024 |
||
| Deposit account interest | £ | 193 £ 144 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Page 6
continued...
THE OPEN BIONICS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 12,575 Investment income 193 Total 12,768 EXPENDITURE ON Charitable activities Charitable Activities 5,873 NET INCOME6,895 RECONCILIATION OF FUNDS Total funds brought forward 29,328 TOTAL FUNDS CARRIED FORWARD 26,739 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 6. MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 19,793 Restricted funds Paul Nicholas Fund7,863 Healey Family Charitable Trust22,500 Yogscast 140,347 Other funds 137,777 308,487 TOTAL FUNDS 328,280 |
Restricted funds £ 113,740 - 113,740 138,609 (24,869) 258,260 283,567 2025 £ 2,054 Net movement in funds £ 6,946 1,000 (17,500) (71,000) 62,879 (24,621) (17,675) |
Total funds £ 126,315 193 126,508 144,481 (17,973) 287,588 310,306 |
Total funds £ 126,315 193 126,508 |
Total funds £ 126,315 193 126,508 |
|---|---|---|---|---|
| 144,481 | ||||
| 310,306 | ||||
| 2024 | ||||
| £ | ||||
| 1,517 | ||||
| At 31.3.25 £ 26,739 8,863 5,000 69,047 200,656 283,566 310,306 |
continued...
Page 7
THE OPEN BIONICS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Paul Nicholas Fund Healey Family Charitable Trust Yogscast Other funds TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Paul Nicholas Fund Healey Family Charitable Trust Yogscast Other funds TOTAL FUNDS |
Incoming resources £ 12,768 1,000 - 112,740 113,740 126,507 At 1.4.23 £ 29,393 7,863 160,801 89,596 258,260 287,588 |
Resources expanded £ Movement in funds £ (5,873) 6,895 1,000 (17,500) (17,500) (71,000) (71,000) (50,109) 62,631 (138,609) (24,869) (144,481) (17,974) Net movement At funds £ 31.3.24 £ (9,600) 19,793 7,863 22,500 22,500 (20,454) 140,347 48,181 137,777 50,227 308,487 40,627 328,280 |
|---|---|---|
continued...
Page 8
THE OPEN BIONICS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Paul Nicholas Fund The Prism Foundation Yogscast Other funds TOTAL FUNDS |
Incoming resources £ 6,506 22,500- - 167,636 190,136 196,642 |
Resources expended £ Movement in funds £ (16,106) (9,600) 22,500 (20,405) (20,454) (119,455) 48,181 (139,909) 50,227 (156,015) 40,627 |
|---|---|---|
Donations from Paul Nicholas Fund are to provide assistance to specific individuals and those from Yogscast and other individuals are to assist unspecified people.
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 9
THE OPEN BIONICS FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Sundry income Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Hero Arms funded Support costs Management Office & general administrative expenses Governance costs Independent Examination Total resources expended Net (expenditure)/income |
2025 £ 114,519 11,796 - 126,315 193 126,507 140,802 3,679 0 144,481 (17,974) |
2024 | |
|---|---|---|---|
| £ | |||
| 184,831 | |||
| 11,667 | |||
| - | |||
| 196,498 | |||
| 144 | |||
| 196,642 | |||
| 146,287 | |||
| 9,664 | |||
| 0 | |||
| 155,951 | |||
| 40,691 | |||
This page does not form part of the statutory financial statements
Page 10
Open Bionics Foundation Trustee Report Accounts 2025
Final Audit Report
2026-01-28
Created: 2026-01-28 By: Donna Evans (donnae@gsverde.accountants) Status: Signed Transaction ID: CBJCHBCAABAAzQDL5Hn2Y4jVlGF1yBxjznmv9woqjcfT
"Open Bionics Foundation Trustee Report Accounts 2025" Histo
ry
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