I have no clue as to their financial status, but Liz (one of the team members) said this in the comments:

Indeed – and I’m pretty sure that those psychic people would be a bit more cautious if it was their mortgage that this thing was secured on

It says in the blurb at the bottom of the page that Liz is a "full time volunteer." Why can't they pay someone to do their PR if they're funded?

Not sure about UK, but in the Netherlands, volunteers often get a "costs reimbursement". If you're a full time volunteer, that reimbursment may roughly equal a crappy salary. Maybe that's what Liz is getting, too.

It'd be nothing like what she could earn in industry, but enough to keep a roof over her head and food on the table. And a Raspberry Pi in every room.

There are varying degrees of 'funded'.

Yes they are. That's why they won't allow pre-ordering. I think it's said in the FAQ or in one of the earliest posts.

Yeah.. that's the only weird thing. I want to pre-order ("get in the queue") because I want the board when it ships.

From my point of view, the idea that I can't pre-order something because they are already funded is odd.

What seems odd to me is the idea of a Brit actively keeping people from queuing. That's basically Britain's national pastime.

Depends on how you handle the pre-orders, most would try something like paypal but they are so terrible at dealing with pre-order payments and account freezing that it is easier to avoid pre-orders at all.