REGISTERED CHARITY NUMBER: 1009880
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
BRITISH SLEEP SOCIETY
Elsby & Co Thistledown Barn Holcot Lane Sywell Northampton Northamptonshire NN6 0BG
BRITISH SLEEP SOCIETY
Contents of the Financial Statements for the year ended 31 MARCH 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Cash Flow Statement | 8 | ||
| Notes to the Cash Flow Statement | 9 | ||
| Notes to the Financial Statements | 10 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
BRITISH SLEEP SOCIETY
Report of the Trustees for the year ended 31 MARCH 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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 British Sleep Society was registered as a charity in 1991 and is governed by a trust deed.
The principal objectives of the trust are:
- To promote knowledge and research in sleep, its disorders and treatment.
In the furtherance of these objectives, but not further or otherwise, the powers of the charity are as set out in its constitution.
The objectives have not changed since the last report.
The charity arranges meetings, lectures and seminars to carry out its objectives.
The trustees consider that these objectives comply with the duty in section 4 of the 2006 Charities Act to have regard to guidance published by the Charity Commission.
Public benefit statement
The charity's activities benefit the public by promoting knowledge and research in sleep. The trustees have considered that this complies with the Charity Commission guidance on public benefit.
Page 1
BRITISH SLEEP SOCIETY
Report of the Trustees for the year ended 31 MARCH 2023
ACHIEVEMENT AND PERFORMANCE Charitable activities
The financial position of the Trust is set out in the annexed accounts.
During the 2022-2023 financial year, the British Sleep Society (BSS) has continued its mission to provide leadership in the field of sleep within the UK, focusing on education, research and communication.
Perhaps most significant of all the developments during this year has been the contract awarded by Health Education England (HEE) to the British Sleep Society for the provision of sleep education to different parts of the NHS workforce. This exciting development includes a series of thirteen webinars - to start later in 2023 - and provision of six short courses (one day each), covering a range of topics in sleep medicine. The first three of these have already been successfully carried out, focusing on polygraphy, introductory polysomnography and more advanced polysomnography and have mixed virtual and face-to-face delivery. The workshops have been very well received, with attendance exceeding 250 for one of them, far in excess of expectations. Further workshops will run during the next year.
The HEE funding has enabled the BSS to employ its first Transformation Fellow - the first person ever directly employed by the society. This will happen in the summer of 2023, for an initial period of one year, and will require substantial changes to the structure of the society. Work is ongoing to develop employment and payroll support and reform the society as an unincorporated charitable association, which is expected to happen later this year if agreed at the next AGM.
In addition to the work with HEE, the society has continued with its many other activities. This year that has included a joint webinar with the OSA Alliance and symposia at the 6th Clinical Update Sleep, with further similar activities planned including a joint symposium with the British Society of Dental Sleep Medicine at the Royal Society of Medicine.
Every third year, the International Sleep Medicine Course (ISMC) is hosted by the BSS, and that occurred this year. This event was held over four days in Cardiff in March 2023, and was very successful. It was well attended and supported by both delegates and sponsors and organization and delegates gave very positive feedback afterwards. The BSS looks forward to hosting it again in three years’ time and to contributing to the course while it is hosted by our Belgian and Dutch colleagues in the intervening years
. This year has also seen the beginning of preparation for the our biennial conference, which will take place in October 2023 in Leeds.The programme has already been substantially developed and the organizing committee has already been talking to potential speakers and industry sponsors about their participation. It is expected to be the largest BSS conference to date.
Leadership of the BSS in terms of the officers remain stable, with the President, Treasurer and Secretary unchanged from last year and expecting to continue in post into next year. The Executive Committee continues to function as the main decision-making body of the British Sleep Society and is ably assisted in this regard by Education, Research, Communication subcommittees. The BSS remains ably supported in all areas of our activity by Executive Business Support, who are contracted to provide us with event, administrative and financial management support.
The Executive Committee membership and the constitution governing the constituency of the EC can been seen on the society website at https://www.sleepsociety.org.uk/. No remuneration or other benefits have been paid or are payable to any trustee.
FINANCIAL REVIEW
Principal funding sources
The Charity is principally funded by the attendance at the Annual conference and meetings.
Reserves policy
The Trustees monitor the level of reserves to ensure it is sufficient to cover the overheads for a minimum period of 3 months.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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BRITISH SLEEP SOCIETY
Report of the Trustees for the year ended 31 MARCH 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
In accordance with the constitution, the committee is elected at the Annual General Meeting of the society. Election to the committee shall be for 3 years. One third of the committee shall retire annually but shall be eligible for re-election provided that no member shall serve for more than six consecutive years. The trustees during the year are listed on the information page.
Organisational structure
The charity is governed by its members, with management of the charity delegated to its executive committee, who meet not less than once a year.
Induction and training of new trustees
All new trustees undergo training in the legalities of running a charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1009880
Principal address
C/O Executive Business Support (EBS) City Whard, Davidson Road Lichfield Staffordshire WS14 9DZ
Trustees
Dr J Steier Dr A Hare Dr S Durrant
Independent Examiner
Carl Elsby Elsby & Co Thistledown Barn Holcot Lane Sywell Northampton Northamptonshire NN6 0BG
Page 3
BRITISH SLEEP SOCIETY
Report of the Trustees for the year ended 31 MARCH 2023
REFERENCE AND ADMINISTRATIVE DETAILS Executive Committee
Professor Joerg Steier - President Dr Simon Durrant - Treasurer Dr Alanna Hare - Secretary Dr Shruthi Konda Megan Crawford Alex Perkins Nathan Howarth Dr Jason Ellis Matthew Reid Rachel Pickersgill Hui-Leng Tan Amanda Sathyapala Aditi Desai Dr Anna Weighall Lisa Artis Michael Farquhar Dr Po Fung Wong Nicholas Budhram Sakina Dastagir Michelle Miller
Approved by order of the board of trustees on ......29/10/2023............................. and signed on its behalf by:
............................................................................................... Trustee
Page 4
Independent Examiner's Report to the Trustees of British Sleep Society
Independent examiner's report to the trustees of British Sleep Society
I report to the charity trustees on my examination of the accounts of British Sleep Society (the Trust) for the year ended 31 March 2023.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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.
Carl Elsby
Elsby & Co Thistledown Barn Holcot Lane Sywell Northampton Northamptonshire NN6 0BG
Date: .............................................24/10/2023
Page 5
BRITISH SLEEP SOCIETY
Statement of Financial Activities
for the year ended 31 MARCH 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 21,515 Charitable activities 5 Charitable activities 61,345 Other trading activities 3 950 Investment income 4 157 Total 83,967 EXPENDITURE ON Charitable activities 6 Charitable activities 81,358 NET INCOME 2,609 RECONCILIATION OF FUNDS Total funds brought forward 154,241 TOTAL FUNDS CARRIED FORWARD 156,850 |
Restricted fund £ - 430,000 - - 430,000 - 430,000 - 430,000 |
2023 Total funds £ 21,515 491,345 950 157 513,967 81,358 432,609 154,241 586,850 |
2022 Total funds £ 22,185 48,490 400 115 |
|---|---|---|---|
| 71,190 | |||
| 47,318 | |||
| 23,872 130,369 |
|||
| 154,241 |
The notes form part of these financial statements
Page 6
BRITISH SLEEP SOCIETY
Balance Sheet
31 MARCH 2023
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 10 1,825 Cash at bank 193,121 194,946 CREDITORS Amounts falling due within one year 11 (38,096) NET CURRENT ASSETS 156,850 TOTAL ASSETS LESS CURRENT LIABILITIES 156,850 NET ASSETS 156,850 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - 430,000 430,000 - 430,000 430,000 430,000 |
2023 Total funds £ 1,825 623,121 624,946 (38,096) 586,850 586,850 586,850 156,850 430,000 586,850 |
2022 Total funds £ 675 156,273 156,948 (2,707) 154,241 154,241 154,241 154,241 - 154,241 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ........29/10/2023........ ........ .............and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 7
BRITISH SLEEP SOCIETY
| Cash Flow Statement for the year ended 31 MARCH 2023 2023 Notes £ Cash flows from operating activities Cash generated from operations 1 466,691 Net cash provided by operating activities 466,691 Cash flows from investing activities Interest received 157 Net cash provided by investing activities 157 Change in cash and cash equivalents in the reporting period 466,848 Cash and cash equivalents at the beginning of the reporting period 156,273 Cash and cash equivalents at the end of the reporting period 623,121 |
2022 £ 18,397 |
|---|---|
| 18,397 | |
| 115 | |
| 115 | |
| 18,512 137,761 |
|
| 156,273 |
The notes form part of these financial statements
Page 8
BRITISH SLEEP SOCIETY
Notes to the Cash Flow Statement
for the year ended 31 MARCH 2023
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest received Increase in debtors Increase/(decrease) in creditors Net cash provided by operations |
2023 £ 432,609 (157) (1,150) 35,389 466,691 |
2022 £ 23,872 (115) (367) (4,993) |
|---|---|---|
| 18,397 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.22 | Cash flow | At 31.3.23 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 156,273 | 466,848 | 623,121 |
| 156,273 | 466,848 | 623,121 | |
| Total | 156,273 | 466,848 | 623,121 |
The notes form part of these financial statements
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BRITISH SLEEP SOCIETY
Notes to the Financial Statements for the year ended 31 MARCH 2023
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 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.
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 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.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Donations Subscriptions |
2023 £ - 21,515 21,515 |
2022 £ 5 22,180 |
| 22,185 |
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continued...
BRITISH SLEEP SOCIETY
Notes to the Financial Statements - continued for the year ended 31 MARCH 2023
| 3. OTHER TRADING ACTIVITIES 2023 £ Sponsorships 950 4. INVESTMENT INCOME 2023 £ Deposit account interest 157 5. INCOME FROM CHARITABLE ACTIVITIES 2023 Activity £ Charitable activities Conference income 61,345 Charitable activities Grants 430,000 491,345 6. CHARITABLE ACTIVITIES COSTS Support Direct costs (see Costs note 7) £ £ Charitable activities 36,195 45,163 7. SUPPORT COSTS Information Governance Management Finance technology costs £ £ £ £ Charitable activities 40,471 1,302 758 2,632 |
2022 £ 400 2022 £ 115 2022 £ 48,490 - |
2022 £ 400 2022 £ 115 2022 £ 48,490 - |
|---|---|---|
| 48,490 | ||
| Totals £ 81,358 Totals £ 45,163 |
||
| Totals £ 45,163 |
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continued...
BRITISH SLEEP SOCIETY
Notes to the Financial Statements - continued for the year ended 31 MARCH 2023
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 22,185 Charitable activities Charitable activities 48,490 Other trading activities 400 Investment income 115 Total 71,190 EXPENDITURE ON Charitable activities Charitable activities 47,318 NET INCOME 23,872 RECONCILIATION OF FUNDS Total funds brought forward 130,369 TOTAL FUNDS CARRIED FORWARD 154,241 |
Restricted fund £ - - - - - - - - - |
Total funds £ 22,185 48,490 400 115 |
|---|---|---|
| 71,190 | ||
| 47,318 | ||
| 23,872 130,369 |
||
| 154,241 |
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continued...
BRITISH SLEEP SOCIETY
Notes to the Financial Statements - continued
for the year ended 31 MARCH 2023
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 12. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Grant income TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Grant income TOTAL FUNDS |
2023 2022 £ £ 1,825 675 2023 2022 £ £ 36,428 2,707 1,668 - 38,096 2,707 Net movement At At 1.4.22 in funds 31.3.23 £ £ £ 154,241 2,609 156,850 - 430,000 430,000 154,241 432,609 586,850 Incoming Resources Movement resources expended in funds £ £ £ 83,967 (81,358) 2,609 430,000 - 430,000 513,967 (81,358) 432,609 |
2022 £ 675 2022 £ 2,707 - 2,707 At 31.3.23 £ 156,850 430,000 |
2022 £ 675 |
|
|---|---|---|---|---|
| 2022 £ 2,707 - |
||||
| 2,707 | ||||
| 586,850 | ||||
| 432,609 |
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continued...
BRITISH SLEEP SOCIETY
Notes to the Financial Statements - continued
for the year ended 31 MARCH 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS A current year 12 months and prior year 12 months combined position is Unrestricted funds General fund Restricted funds Grant income TOTAL FUNDS |
Net movement At At 1.4.21 in funds 31.3.22 £ £ £ 130,369 23,872 154,241 130,369 23,872 154,241 Incoming Resources Movement resources expended in funds £ £ £ 71,190 (47,318) 23,872 71,190 (47,318) 23,872 as follows: Net movement At At 1.4.21 in funds 31.3.23 £ £ £ 130,369 26,481 156,850 - 430,000 430,000 130,369 456,481 586,850 |
At 31.3.22 £ 154,241 |
|---|---|---|
| 154,241 | ||
| 586,850 |
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continued...
BRITISH SLEEP SOCIETY
Notes to the Financial Statements - continued
for the year ended 31 MARCH 2023
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Grant income TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 155,157 (128,676) 26,481 430,000 - 430,000 585,157 (128,676) 456,481 |
Incoming Resources Movement resources expended in funds £ £ £ 155,157 (128,676) 26,481 430,000 - 430,000 585,157 (128,676) 456,481 |
|---|---|---|
| 456,481 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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BRITISH SLEEP SOCIETY
Detailed Statement of Financial Activities for the year ended 31 MARCH 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Subscriptions Other trading activities Sponsorships Investment income Deposit account interest Charitable activities Conference income Grants Total incoming resources EXPENDITURE Charitable activities Conference expenses Support costs Management Insurance Telephone Postage and stationery Advertising Website costs Subscriptions Administration Finance Bank charges Information technology Repairs and renewals Carried forward |
2023 £ - 21,515 21,515 950 157 61,345 430,000 491,345 513,967 36,195 99 368 214 - 696 6,232 32,862 40,471 1,302 720 720 |
2022 £ 5 22,180 |
|---|---|---|
| 22,185 400 115 48,490 - |
||
| 48,490 | ||
| 71,190 9,750 99 794 4 295 731 673 32,340 |
||
| 34,936 1,029 720 720 |
This page does not form part of the statutory financial statements
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BRITISH SLEEP SOCIETY
Detailed Statement of Financial Activities
for the year ended 31 MARCH 2023
| Detailed Statement of Financial Activities for the year ended 31 MARCH 2023 |
||
|---|---|---|
| Information technology Brought forward Sundries Governance costs Accountancy and legal fees Total resources expended Net income |
2023 £ 720 38 758 2,632 81,358 432,609 |
2022 £ 720 43 |
| 763 840 |
||
| 47,318 | ||
| 23,872 |
This page does not form part of the statutory financial statements
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