Charity registration number 1119378
Company registration number 06121162 (England and Wales)
REBUILD, THE LIMB RECONSTRUCTION CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
REBUILD, THE LIMB RECONSTRUCTION CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr S Phillips
G Groom
Dr M Gee
Dr T Colegate-Stone
D Bond
P Flintoff
L Roberts
B Steen
J Hallett
Secretary
Ms S Sawyer
Charity number
1119378
Company number
06121162
Registered office
Orthopaedic Department
2nd Floor Hambledon Wing East
Kings College Hospital
Denmark Hill
London
SE5 9RS
Independent examiner
Perrys Audit Limited
4th Floor
399-401 Strand
London
WC2R 0LT
REBUILD, THE LIMB RECONSTRUCTION CHARITY
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
6
Notes to the financial statements
7 - 10
REBUILD, THE LIMB RECONSTRUCTION CHARITY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 1 -

The trustees present their annual report and financial statements for the year ended 28 February 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 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 2016).

Objectives and activities

The principal activity of the charity is the promotion of the physical and mental health of patients requiring limb reconstruction through the provision of equipment, services, support, research, education and assistance.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance
Financial review

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Donations received during the year increased considerably from the previous year. Principally this was as a result of an increase in sporadic donations throughout the year. The trustees are very grateful to all those who donate to the charity which allows us to provide our services.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee, the liability of each member being restricted to £1. The company was founded in 2007, is exempt from the requirement to use the word "limited", and is a registered charity.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Dr S Phillips
G Groom
Dr M Gee
Dr T Colegate-Stone
D Bond
P Flintoff
L Roberts
B Steen
J Hallett
A Bertin
(Resigned 23 September 2022)
P Bertin
(Resigned 24 September 2022)
REBUILD, THE LIMB RECONSTRUCTION CHARITY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -

The trustees' report was approved by the Board of Trustees.

Dr S Phillips
Trustee
1 November 2023
REBUILD, THE LIMB RECONSTRUCTION CHARITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF REBUILD, THE LIMB RECONSTRUCTION CHARITY
- 3 -

I report to the trustees on my examination of the financial statements of Rebuild, The Limb Reconstruction Charity (the charity) for the year ended 28 February 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements 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

4

the financial statements 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 financial statements to be reached.

Zoe Gibbons
Perrys Audit Limited
4th Floor
399-401 Strand
London
WC2R 0LT
Dated: 1 November 2023
REBUILD, THE LIMB RECONSTRUCTION CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 4 -
Unrestricted
Unrestricted
funds
funds
2023
2022
Notes
£
£
Income from:
Charitable activities
3
15,064
13,652
Investments
4
127
-
Total income
15,191
13,652
Expenditure on:
Charitable activities
9,865
16,033
Net income/(expenditure) for the year/
Net movement in funds
5,326
(2,381)
Fund balances at 1 March 2022
100,528
102,909
Fund balances at 28 February 2023
105,854
100,528

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
REBUILD, THE LIMB RECONSTRUCTION CHARITY
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 5 -
All income funds
2023
2022
£
£
Gross income
15,191
13,652
Total expenditure from income funds
9,865
16,033
Net income/(expenditure) for the year
5,326
(2,381)
REBUILD, THE LIMB RECONSTRUCTION CHARITY
BALANCE SHEET
AS AT 28 FEBRUARY 2023
28 February 2023
- 6 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
8
117
1,954
Cash at bank and in hand
132,129
126,006
132,246
127,960
Creditors: amounts falling due within one year
9
(26,392)
(27,432)
Net current assets
105,854
100,528
Income funds
Unrestricted funds
105,854
100,528
105,854
100,528

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 28 February 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 1 November 2023
Dr S Phillips
Trustee
Company registration number 06121162
REBUILD, THE LIMB RECONSTRUCTION CHARITY
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 7 -
1
Accounting policies
Charity information

Rebuild, The Limb Reconstruction Charity is a private company limited by guarantee incorporated in England and Wales. The registered office is Orthopaedic Department, 2nd Floor Hambledon Wing East, Kings College Hospital, Denmark Hill, London, SE5 9RS.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 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 2016). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

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.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
REBUILD, THE LIMB RECONSTRUCTION CHARITY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 8 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the charity’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.

REBUILD, THE LIMB RECONSTRUCTION CHARITY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 9 -
3
Charitable activities

Donations

Donations

2023
2022
£
£

Donations

15,064
13,652
4
Investments
Unrestricted
Total
funds
2023
2022
£
£
Interest receivable
127
-
5
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
6
Employees
2023
2022
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
7
Taxation

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.

REBUILD, THE LIMB RECONSTRUCTION CHARITY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 10 -
8
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
-
60
Prepayments and accrued income
117
1,894
117
1,954
9
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
26,000
27,040
Other creditors
392
392
26,392
27,432
10
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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