REGISTERED CHARITY NUMBER: 1009880 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for BRrfisH SLEEP SOCIErY Elsby & Co 155 Wellingborough Road Rushden Northamptonshire NNIO 9TB
BRrrisH SLEEpsoaETY Contents of the Financlal Statements forthe r ended 31 MARCH 2024 Report of the Trustees I to 4 Independent Examlner's Report Statement of Finanrial Actlvltles Balan Sheet Notes to the nCial SLitements 8 to 13 Detalled Statement of Finanaal Artivities 14 to 15
BRtnsH SLEEP SOCIErY Re ort ofthe TeS for the ar ended 31 MARCH 2024 The trustees present their report llth the financlal ststements of the tharity for the year ended 31 March 2024. The trustees have adopted the prowsion5 of Accountlng and Reporting by Charittes.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable In the UK and Republic of Ireland (FR5 1021 (effective l January 2019). OBJECTIVES AND AcnvmES Objectives and alms The Brltlsh Sleep Society was registered as a charlty In 1991 and is governed by a trust deed. The prlnclpal oblectlves of the trust are: -To promote knowled8e and research In sleep. its dlsorder5 and treatmenL In the furtherance of these objectives. but not further or otherwtse, the powers of the tharlty are as set out in its constitution. The obSertlves have not changed slnce the last reporL The charlty arran8es meetings. lectures and seminars to cary out tts obJective& The trustees consider that these objectives comply wrth the duty In section 4 of the 2(K)6 Charities Act to have regard to guidan published by the Charlty Commission. Slgnlficant actlvltle5 The BSS has continued to be engaged wlth a ran8e of trainin8 courses, publlc engagement events, media appearances, and professional meeting Most notably, the 2023 blennial conference took pla In person in Ottober 2023 Sn Leeds, and was highly successful, wlth over 250 dele8ates attendin& sponsorsh5p welding a strong proflt and with attendees leaving highly positive feedback about the event. Overall, the conference yielded approximately £70,000 In Income. Not only wa5 thi5 the first In-person event for the Soclety slnce the COVID19 pandemlc, It was also the largest In the Sc(iety'S history. At that meetln& the membership of the Trustees and the wlder Executive Committee was refreshed. The updated membershlp details are included later In thls reporL In June 2023, a successful joint symposlum wlth the Royal Sodety of Medicine and the BSS was held In London. The annual members day for The Brltlsh Soclety of Dentsl Sleep Medlclne IBSDSMI took place in November and was well attended. The BSDSM Is a sub-commlttee of the BSS at present. Publlc benefft statement The charity'5 artivities benefit the publlc by pr(xnotin8 knowledge and research in sleep. The trustees have consldered that thls complie5 Wlth the Charity ComMisOn 8uldano on public benefit. Page I
BRITISH SLEEP%KIETY Re rt ofthe Tnstees forthe ear ended 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charitable attivities The flnandal poslwon of the Trust Is set out in the annexed accounts. Durin8 the 2023-2024 financial year, the British Sleep Society (BSS) has continued its mission to provide leadership in the field of sleep within the UK focusing on educ*ion. research and communlcation, in order to achieve tts mlsslon of "healthy sleep for all" Overall, the BSS Is In a healthy financlal positlon. Although outgoln8s are much greater than in the previous fi nancial year, and income much le, this IS the result of a substsntial successful grant award last year and its expendtture thls year, a5 Outlined below. During 2022-23 the Bsswas awarded a contractfrom Health Education England for the prowsion ofsleep education to dlfferent parts of the NHS workforce. Ch4er the past financial year, this funding has been used in part to set up and dellver the tralnlng In the form of weblnars and to fund a full tlme Transfomiation Fellow to lead on the trainlng and outreach activlties of the BSS. The weblnars commenced In Ncwember 2023 wlth A Prlmer in Sleep Medicine, and a ongolng. Thus far, 11 webinars have been delivered and there are plans In place to continue this as an annual programme, In addltlon, In-person poly8raphy and poly50mno8raphy courses (the latter being delivered at both Introductory and advanced levels) have been dellvered as part of this misslon. The workshops have been very well recelved, with attendan exceeding 250 for one of them, far In excess of expertations. Employment of theTransformatlon Fellow, the flr5t person ever dlrectly employed by the Society, commenced In August 2023 and is ongolng. Due to a healthy financlal status, the posltlon will continue to be funded for a second year, to July 2025. The su5tsinability of that position thereafter wlll be re8ularly revlewed. To allow the BSS to employ this Fellow, external support wlth human re50uros Including payroll and contractual requlrements has been enlisted. Day to day finanaal, events, and admlnlstratNe support contlnues to be provided externally, by Executive B'uslness Support, and thls partnership works well, allowlng Trustees and Executive Comrnlttee members to serve the BSS without char8e. Officers (also the trustees) of the BSS were refreshed in October 2023, wlth some continuity of expertise within the leadershlp team as per the Soclety's constitutlon. The previous Secretsry and Treasurer were elected as Co-Presidents, wlth a new Secretary and Treasurer being appointed. The Secretary commenced a period of maternlty leave in November, vAth thelr dutles being shared across the other officers and Transformation Fellow. The Executive Committee continues to function as the maln deasion-making body of the Society and is ably asslsted In this regard by Educatlon, Research and Communlcation subcommittees. In addition, the sub-groups of the British Paediatric Sleep Society, and the British Society of Dental Sleep Mediclne. function to represent their respectlve professlonal Interests, whllst beln8 represented on the BSS Executive Committee. The Executive Committee membership and the constitution governing the constttuency of the EC can been seen on the soclety website at https:l/www.sleepsociety.org.uk/. No remuneration or other benefits have been paid or are payable to any trustee. FINANCIAL REVIEW Principal fundlng sour5 The Charity is principally funded by the attendance at the Annual Conferen and meettn8 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. Page 2
BRITISH SLEEP soaETY Re rt of the Trustees for the ar ended 31 MARCH 2024 FUTURE PLANS Discussions are ongoing to incorporate the BSDSM Into the BSS, which will likely occur, subject to due diligence and member supporL in the next financial year. Thls will likely involve the carry-over of approximately £40,000. whlch can be used in part to integrate and update the BSDSM and BSS websites, and for designated BSDSM activities such as ongoing annual members day events. Funds may also be used to support ongoing mapping of sleep professionals and relevant services across the UK. This workwill commence in the next year. Preparations are ongoin8 for the 8th Intematlonal Paediatric Sleep Association Conferen in Glasgow {April 20241 wlth support from the Brltlsh Paediatric Sleep Society, a sub-group of the BSS. The BSS is preparin8 a position statement on Dayllght Saving Time {British Summer Timel and the associated clock changes, which we hope will be published, along wlth wider public and media interes( In the next financial year. In collaboratSon wlth partners at the Edinbur8h International Convention Centre, the BSS Executive Committee convened a conferen Organising Committee to initiate a bid to host the European Sleep Research Society congress in 2028, which was subsequently successful and will attract international interest In the BSS, provide a focal point for sleep research and activity within the UK, and should yield signlflcant Income for the Society. The BSS has sought to reform towards unincorporated charitable assoclation status, and that proce55 is ongoin& wlth support from external legal teams. Taken together, the past year has been highly successful, and we anticipate further strong and successful activities next year. STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated tharity. Recrultment and appolntment ot new trustees In accordan 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 commlttee shall retlre annually but shall be eligible for re- electlon provlded that no membershall serve for more than slx consecut5ve years. The trustees during the year are listed on the information page. Organlsatlonal slructure The charity is governed by it5 members, with management of the charity delegated to its executive committee, who meet not less than On a year. Indurtion and training of newtrustees All new trustees under80 training in the legalities of runnin8 a charity. REFERENCEAND ADMINISTRATIVE DEfAILS Registered Charlty number I9880 Principal address C/0 Executive BusinessSupport{EBSI ty Whard, Davidson Road Lichfield Stsffordshire WS14 9DZ Page 3
BRITISH SLEEP socIErY ort of the Trtee5 for the ear ended 31 MARCH 2024 Trustee5 Drj Steier {resigned 4.10.23) DrA Hare Dr S Durrant Dr C Horton {appointed 4.10.23) Dr N Read {appointed 4.10.231 Independent Examlner Carl ElsbyACA Elsby & Co 155 Welllngborough Road Rushden Northamptonshlre NNIO 9TB Executive Committee Dr Simon Durrant- Co•President Dr Alanna Hare - Co-President ITrusteel Prof Caroline Horton-Treasurer (Trustee) Dr Nicola Read- Secretary (maternity leave); voted EC member since 2023 (Trusteel Prof Joerg Steier- Past President Dr Shruthi Konda - Co-chalr Education Sub-committee; Co-opted EC member as Education Co Chair Dr Megan Crawford- Co-chair Educatlon Sub-committee; Co-opted EC member as Education Co Chair Nathan Howarth- Voted in EC member slnce 2021 Matthew Reid - Voted in EC member since 2021 Rachel Pickers8ill - Co-opted EC member Rachel Sharman-voted in EC membersince 2023 Drswapna Mandal-voted in EC member ssn 2023 Hui-LengTan- BPSS Co Chair- Co-opted to EC DrAmanda Sathyapala-voted in EC membersince 2021 DrAditi Desai- Chair of BSDSM group Co-opted EC member as BSDSM Chair DrAnna Weighall- Co-chairof Communications Sub-committee; Co-opted EC member as Communicationsco Chair Llsa Artls - Chair of Communications Sub-commlttee: Co-opted EC member as Comms Co Chair Dr Po Fung Wong- ECP representatSve: Co-opted EC member since 2022 Dr Nicholas Budhram- Early careers researcher representative; Co-opted EC member since 2022 Prof Michelle Mlller- Co-chair of Research Sub-committee; Voted In EC member since 2020 Dr Marla Gardani- Co-chair of Research Sub-commlttee; Co-opted EC member a5 Research Co Chair Prof Cathy Hill - Co-chalr BPSS BPSS: Co Chair- Co-opted to EC Dr Victoria Cooper- ARTP liaison; Co-opted to EC Katrina Burrows- BSS Transformation Fellow; Co-opted to EC Approved by order of the board of trustees on 3 January 2025 and signed on its behalf by.. Dr C Horton - Trustee Page 4
In endent Examlnees Re rt to the Tntstees of Biitlsh Slee Soa Independent examiner's report to the trustees of Britlsh Sleep Soaety I report to the charity trustees on my examination of the accounts of British Sleep Society (theTrustl for the year ended 31 March 2024. ResponslbHltles and basis of report As the charity trustee5 of the Trust you are respon&ble for the preparation of the accounts in accordance with the quirements of the Charities Art 20111'the Act,). I report in respert of my examination of the Trusvs accounts carried out under Section 145 of the Act and In carrying out my examination I have followed all applicable Directions 8iven by the Charity Commission under Section 14515)Ib) of the ACL Independent examlner's statement sin your charity's gross income exceeded £250,000 your examlner must be a member of a Ilsted body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants In England and Wales, which is one of the listed bodies. I have cornpleted my examlnatlon. I confirm that no material matters have come to my attention in connection with the examlnatlon givlng me cause to believe that in any material respert: accounting records were not kept in re5pett of the Trust as required by Section 130 of the Act: or the accounts do not accord wlth those records; or the accounts do not comply with the applicable requirements ConMIng the fonn and content of accounts set out in the Charitses (Accounts and Reports) Regulations 2008 other than any requirnent that the accounts give a true and fairviewwhich is not a matterconsidered as part of an independentexamination. I have no concerns and have come across no other matters in connectlon with the examination to which attention should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. Carl ElsbyACA Elsby & Co 155 Wellingborough Road Rushden Northamptonshire NNIO grB Date.. Page 5
BRITISH SLEEP SOCIETY Statement of Financial Actlvftles forthe ear ended 31 MARCH 2024 224 Total funds 2023 Totsl funds Unrestrlcted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacles 27,253 27,253 2L515 Charltable activities Charitable artivltles 106,467 IC6,467 491,345 Other trading actlvlties Investment income 121,260 311 121,260 311 950 157 Total 255,291 255,291 513,967 EXPENDITURE ON Charitable actl¥ltles Charitsble artlvities 21M,517 220,049 424,566 8L358 NET INCOMV{EXPENDITURE) 50,774 1220,0491 1169,275) 432.609 RECONCIUATION OF FUNDS Total funds brought forward 156,850 430.(KiO 586.850 154,241 TOTAL FUNDS CARRIED FORWARD 207,624 209,951 417,575 586,850 The notes form part of these financial statements Page 6
BRMSH SLEEP soaETY Balance Sheet 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted fund Restrfcted fund Notes CURRENT ASSETS Debtors Cash at bank 2,982 215.674 2,982 425,625 1.825 623,121 209.951 2L8,656 2LI3,951 428,607 624,946 CREDITORS Amounts falling duewithin Onear 111,032) IIL032) 138,0961 NET CURRENT ASSETS 207.624 209.951 417,575 586,850 TOTALAET5 LE55 CURRENT UABILMES 207,624 2C8,951 417,575 586,850 NET ASSErs 207,624 2,951 417,575 586,850 FUNDS Unrestrlcted funds Restricted fund5 207,624 209,951 156,850 430,000 TOTAL FUNDS 417,575 586,850 The flnand I statements were approved by the Board of Trustees and authorised for issue .*0%............ and were signed on Its behalfty. Dr C Horton - Trustee The notes fom part of these finanaal ststements Page 7
BRMSH SLEEP soaErY Notes to the Financial Statements forthe ar ended 31 MARCH 2024 ACCOUNTING POUCIES Basls of prepari the financial ststements The finanaal ststements of the charity, which is a publlc benefit entity under FRS 102, have been prepared in accordance with the Charfties SORP IFRS 102) 'Accountlng and Reporting by Charitles: Statement of Recommended Practice applScable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland {FRS 1021 {effective l January 20191,, Financlal Reportin8 Stsndard 102 The Financial Reporting Stsndard appllcable In the UK and Republic of Ireland, and the Charltles Act'2011. The financial statements have been prepared under the historical cost conventlon. Incorne All income is recognised in the Ststement of Financial Attivities once the charity has entitlement to the funds, tt is probable that the income will be received and the amount can be measured reliabiy. Income received for a speafic restricted purpose is credited to a separate restricted fund which is shown in a note to the flnanaal statements. Total incoming reSoUrS credited to restricted funds are disdosed on the ststement of financial attivities which also shows incoming resources in respect of unrestricted funds. Donations and grants received are credlted on the ststement of financial activities in the year to which they relats. Donations and Grfts". All monetsry donatlons and 8ifts are included in full in the statement of financlal artlvliles when receivable, provided that there are no donor imposed restrictions to the timing of the related expendlture, In which case recognltlon Is deferred until the pre-condition has been meL Expenditure Uabllitles are reccenised as expenditure as soon as there Is a legal or constructlve obllgation committing the tharity 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 rellably. Expendlture 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 dlrectly attrfbuted to particular headin8s they have been allocated to artlvttles on a basls conslstent wlth the use of resources. Grants offered sublert to conditions which have not been met at the year end date are noted as a commttment but not accrued as expenditure. Taxatlon The charity is exempt from tsx on Its charltsble artivitles. Fund accounting Unrestrfcted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restritted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when speafied by the donor or when funds are rdlsed for partlcular restrirted purposes. Further explanation of the nature and purpose of each fund is Included in the notes to the financial statements. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contribution5 payable to the charity's pension scheme are tharged to the Ststement of Financial Activities in the period to which they relate. Financial instruments A flnancial asset or a financial Itability is recognised only when the charity becomes a party to the contractual provisions of the instrumenL Page 8 continued...
BRITISH SLEEP SOCIETY Notes to the Financial Statements- continued forthe ear ended 31 MARCH 2024 ACCOUNTING POUCIES- continued Flnandal Instruments Basic financlal Instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current Ilabllltles are subsequently measured at the cash or other consideratlon expected to be paid or received and not discounted. Cash and cash equlvalents Cash and cash equlvalents include cash in hand and deposlts held at call with banks. OTHER TRADING ACTIVITIES 2024 2023 Sponsotshlps 121,260 950 INVEsfMENT INCOME 2024 2023 Deposit account interest 311 157 CHARITABLE AcfiviTIES COSTS Grant fundln8 of actlvltles Dlrect Costs Support costs Totsls Charltsble actlvlties 154,803 192,0 77,763 424,566 GRANTS TO INSTITUTIONS The grants pald to Instltutlons totalllng £192,(D) where glven to British Thora¢i¢ Society for Developlng and Delivery Physio108y Education {£IIO,0001 and to Assoclatlon of Resplratory Technology and Physio108y for Respiratory Physlolo8y Pro8ramme12023.' £82,000). TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other benefltsfor the year ended 31 Marth 2024 norforthe year ended 31 March 2023. Trustees, expenses There were no trustees, expense5 pald for the year ended 31 Marth 2024 nor for the year ended 31 March 2023. Page 9 continued...
BRITISH SLEEP SOCIETY Notes to the Flnanclal Statements- continued forthe r ended 31 t¥lARCH 2024 EMPLOYEES The average number ofemployees durin8 the yearwas I12023- nil). COMPARATIVES FOR THE STATEMENTOF FINANCIALAcfiviTIES Unrestricted fund Restritted fund Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 21,515 21,515 Charftable activities Charitable actSvlties 6L345 430.000 491,345 Other tradln8 activitie5 Investment income 950 157 950 157 Total 83,967 430,000 513,967 EXPENDITUREON Charitable actmties Charitsble artivltles 81,358 8L358 NEf INCOME 2,609 430,OLX) 432.609 RECONCIUATION OF FUNDS Total funds brought foNard 154,241 154,241 TOTAL FUNDS CARRIED FORWARD 156,850 430,000 586,850 DEBTORS: AM0UPs FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments 2,565 417 L825 2,982 1025 Page 10 continued...
BRITISH 5LEEPSOCIEIY Notes to the Flnanclal Ststements- continued forthe ar ended 31 MARCH 2024 CREDITOR5: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade creditors Taxation and social security Other creditors 6,469 36,428 3,582 1,668 11,032 38,096 Deferred Income 2024 2023 Deferred income at l April 2023 Resources deferred during the year 2,125 Deferred income at 31 March 2024 2,125 Deferred income relates to income received in the year speciflcally relating to performance conditions to be met in the future periods MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrfrted funds General fund 156,850 50,774 207,624 Restricted funds Grant Income 430,000 1220,0491 209,951 TOTAL FUNDS 586,850 1169,2751 417,575 Net movement in funds, included in the above are as follow5: Incoming resources Resources expended Movement in funds Unrestrlrted funds General fund 255,291 1204,5171 50,774 Restrlcted funds Grant Income 1220,0491 {220,0491 TOTAL FUNDS 255,291 1424,5661 1169.2751 Page 11 contlnued.,.
BRMSH SLEEP SOCIETY Note5 to the Financial Statements- contlnued forthe ar ended 31 MARCH 2024 iVIOVEMEpif IN FUNDS- contlnued Comparatives for movement In funds Net movement in funds At 3L3.23 At 1.4.22 Unrestritted funds General fund 154,241 156,850 Restricted funds Grant income 430,() 430,0 TOTAL FUNDS 154.241 432,6(lJ 586,850 Comparatrve net movement In funds. included in the above are as follows.. Incoming our Resources expended Movement in funds Unrestrltted funds General fund 83,967 181,3581 2,609 Restrlcted funds Grant Income 430,000 430,000 TOTAL FUNDS 513,967 (81,358) .432,609 A current year 12 month5 and prior year 12 months combined position 15 as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 154,241 53,383 207,624 Restrirted funds Grant income 21)3,951 209,951 TOTAL FUNDS 154.241 263,334 417,575 Page 12 continued...
BRITISH SLEEP SOCIErY Notes to the Flnanclal Ststements- continued forthe ar ended 31 MARCH 2024 MOVEMENf IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement In fvnds, included in the above are as follows: Incomlng resour Resources expended Movement in funds Unrestricted funds General fund 339258 1285,875) 53,383 Restricted funds Grant income 430,0(X) 1220,049) 209,951 TOTAL FUNDS 769,258 {505,9241 263.334 The restricted fund relatesto HEE FurKlin8. ii. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 13
BRITISH SLEEP SOCIE Detailed Statement of Flnanclal Artivities for the ear ended 31 MARCH 2024 2024 2023 INCOME AND ENtXMIMENT5 Donations and legades Subscrlptions 27,253 2L515 Other trading activities Sponsorships 121.260 950 Investment Income Deposit account interest 311 157 Charltable artlvltles Conference income Grants 106,467 61,345 430.fJ)O ICkS,467 491,345 Total incoming resour5 255,291 513,967 EXPENDMJRE Charitable activhies Conference expenses Grants to institutions 154,803 192,000 36,195 346,803 36,195 Support costs Management Wa8es Pensions Insurance Telephone Postsge and stationery Advertising Website costs Subscrfptlons Administration 24,995 625 187 306 215 793 2,864 954 38,605 99 214 6,232 32,862 69,544 40,471 Finance Bank charges 1,904 1,302 Infomiation technology Repairs and renewals Carried forward 1,020 1,020 720 720 This page does not form part of the ststutory financial statements Page 14
BRITISH SLEEP soaETY Detailed Statement of Finandal Actlvltles for the r ended 31 MARCH 2024 2024 2023 Infomiation tsthnology Brought forward Sundries Accountancy and legal fees 1,020 59 720 38 4.479 758 Human resources Consultancy cost 1,836 GovÉrnancÉ cttsts Accountancy and legal fees 2,632 Total resources expended 424,566 8L358 Net (expendltureylncome 1169,275) 432,609 This page does not fom part of the statutory financlal ststements Page 15