**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.
Page 2
**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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
Page 9
**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|
Page 10
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|
Page 11
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|
Page 12
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|||
Page 13
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|
Page 14
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.
Page 15
**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
Page 16
**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
Page 17