REGISTERED CHARITY NUMBER: 1009880 Re rt of the Trustee5 and Unaudited financial Statsments for the Year Ended 31 March 2025 for British Slee Socie Elsby & Co 155 Wellingborough Road Rushden Northamptonshire NNIO 9TB
Brltlsh 51ee Societ Contents of the Financial Statements for the ar ended 31 March 2025 Page Report of the TNstees Independent Examlner's Report ststement of Financial Activities Balance Sheet Notes to the Finantial Statements 8 to 13 Detailed Statement of Financial Artivities 14 to 15
Brltlsh Slee So¢1 Re ort of the Trustees for the ear ended 31 March 2025 The trustees present their report with the financial ststements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practite applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (effective l January 20191. OBJEcfivES AND ACTIVITIES Objectives and abms The British Sleep Society was registered as a charlty In 1991 and is governed by a trust deed. The prlnclpal objectives of the trust are to promote knowledge and research in sleep, its disorders and treatment. The charity's activities benefit the public by promoting knowledge and research in sleep. 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 is controlled by its 8overnin8 document, a deed of trust and constitutes an unincorporated charity. During the period being reported upon. an application to become a Charitable Incorporated Or8anisation was underway. IRetrospective note: this has been confirmed at the time of writing but was not confirmed by March 20251. Page I
Brftlsh Slee Soclet Re ort of the Trustees for the ear ended 31 March 2025 OBJECTIVES AND AcfiviTIES Signlficant acthilties The charity arranges meetings. lectures and seminars to carry out its objectives. The BSS has continued to be engaged with a range of training courses, public engagement events, media appearances. and professional meetings. That educational workstream has been a continuation of Health Edutation England funded project work, which allowed the BSS to employ a full time Transformational Fellow {since July 20231. Further activities of the BSS over the past year have included: l. In collaboration with partners at the Edinburgh International Convention Centre the BSS successfully bid to host the 2028 European Sleep Research Society conference {in Edinburgh). This large-scale event expects to attract approximately 31))0 sleep professionals to the UK, and planning for that event, along with associated preparatory and legacy activltles to promote sleep awareness, health and the BSS, are planned. 2. A highly successful 8th International Paediatric Sleep Association conference was held In Glasgow (April 20241 with support from the British Paediatric Sleep Society, a sub<ommittee of the BSS. 3. Attending the annual Association of Sleep Societies meeting in Poland. 4. Development of a project mapping sleep professionals and relevant services across the UK. 5. Developed and implemented a Research Studentship Scheme, supporting up to three students to conduct a research project, under appropriate supervision, and to report on those projects at the 2025 Biennial Conference. 6. The BSS published a position statement on Daylight Saving fime (British Summer Timel and the associated clock changes Ihttps://onlinelibr3ry.wiley.com/doi/lO.Illl/jsr.143521. which received extensive positive media interest and was referenced In a parliamentary debate concerning the clock changes. 7. A successful in-person polysomnography course was delivered at the University of Strathclyde. 8. Monthly webinars. each featuring two experts in a specialized and related branch of sleep medicine, have been held and continue to run, attracting reasonable audiences and yieldlng modest income. 9. Further activities are planned. including preparing extensively for the 2025 Biennial Conference in Brighton, which is expected to be the largest BSS conference to date, comprisin8 a broad range of sleep specialisms and high-profile contributors. In Spring 2026 the BSS will host the International Sleep Medicine Conference and will again run the polysomnography course in person. subject to interest la waiting11st 15 already in place). Publ1¢ benefrt statement The Trustees have considered the Charlty Commission's guidance on public benefit, includlng consideration of Section 4 of the Charjties Act 2006 and the guidance 'public benefit: runnlng a charity,. ACHIEVEMEpifs AND PERFORMANCE Charitable activitles During the 2024-2025 financial year. the British Sleep Society {BSS) has continued its mission to provide leadership in the field of sleep within the Ul focusing on education, research and communication, in order to achieve its misslon of 'healthy sleep for all" Page 2
British Slee Soclet Re for the rt of the Trustees ar ended 31 March 2025 FINANCIAL REVIEW Flnancial posltlon The financial p051tion of the BSS remains very secure. Although outgoings have exceeded income durinE this financial vear. this has been anticipated. Principally. the BSS is funded by a biennial conference. with the next scheduled for Novernber 202S. Plans for that conference already indicate a possible profit of around £40,000, which will replenish some expenditure for the next two-year period (until the BSS Conference 20271. Outgoings have been entirely planned. with principal costs covering administrative support and salarie5. Since 2023, the BSS has employed a Translational Fellow. That post ended as a 1.0 FTE in June 2025. and has continued as a .5 FTE, which is financially viable for the foreseeable future. Principal funding sources The Charity is principally funded by the attendance at the Annual conference and meetings. plus membership fees. In 2023 a grant was awarded by Health Education England las was) to 5UPPOrt the development and delivery of educational materials and activities. Those activities are ongoing. although the funding period has ended. Reserves pollcy The Trustees monitor the level of reserves to ensure it is sufficient to cover the overheads for a minimum period of 3 months. A dedicated bank account is in operation solely for the purpose of holding these reserves. At the year end, free and unrestricted reserve5 were £189,48312024: £207,624). Total resources expended in the year ended 3st March 2025 totalled £96,010, which apportioned over 3 months indicate estimated expenditure of £24.000 for a 3-month period. Therefore, free and unrestricted reseeS are more than sufficient to meet the requirements of the reserves policy. FUTURE PLANS The BSS has increased Its membershlp over this reported period and membership numbers continue to increase, Furthermore. the BSS is set to incorporate the British Society of Dental Sleep Medicine, transferring approximately 100 members over to the 8SS once that proce55 is complete (At the time of writin& this process has been completed}.The incorporation of the British Society of Dental Sleep Medicine is likely to involve the carry-over of approximatelv £40.000, which can be used in part to integrate and update the BSDSM and 8SS website5, and for designated BSDSM activities such as ongoing annual members day events. Funds may a150 be used to SUPPOrt ongoing mapping of sleep professionals and relevant services across the UK. This work will commence in the next year. STRUCtURE. GOVERNANCE AND MANAGEMEhrr Governing document The charity is controlled by its governing document. a deed of trust and constitute5 an unincorporated charity. At the time of writing the charity has transitioned from being an unincorporated charity to a CIO. However. at the year end date this proce55 had not been completed. Recruitment and appolntment of new tru5tee5 As outlined in the constitution, Trustees are appointed in collaboration with the Executive Committee and may serve in one Officer role for a term of 4 years. In accordance with the constitution, the committee is elected at the Annual General Meeting of the society. Elertlon 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 below. Page 3
8ritish Slee Soclet Re ort of the Trustees for the ar ended 31 March 2025 sTRuvRE, GOVERNANCE AND MANAGEMENT Organisational structure The charttv 15 governed by its members. with management of the charity delegated to its executive committee, who meet not les5 than once a year land in practice approximately four times a yearl. The BSS further comprises a set of Sub-committees {Research- Communications- Education- Paediatric- Dental Sleep Medicine). Representation from the nations of the UK, Early Careers Professionals. and relevant arms of sleep medicine are sOU8ht across the Executive Committee. Indurtion and training of new trustees All new trustees undergo training in the legalities of running a charity. REFERENCE AND ADMINISTrATIVE DEfAILS Reglstered Charlty number 1009880 Prin¢ipal address C/0 Executive Business Support IEBSI City Whard, Davidson Road Lichfield Staffordshire WS14 9DZ Trustees A Hare S Durrant C Horton N Read Independent Examiner Leona Bateman ACA FCCA Elsby & Co 155 Wellingborough Road Rushden Northarnptonshire NNIO 9TB Approved by order of the board of trustees on 7th Janu8y.2026 and signed on its behalf by: C Horton - Trustee Page 4
Inde endent Examiner's Re Brltlsh Slee ort to the TNstees of Socie Independent examlner's report to the trustees of Brit15h 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 2025. Responslbilities 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 Art 20111'the Act,). I report in respert of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examinatlon I have followed all applicable Directions given by the Charity Commlsslon under Sectlon 14515}Ib) of the Act. Independent examiner's statement 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 respert.. accountin8 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 Charitles IAccounts 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. Leona Bateman ACA FCCA Elsby & Co 155 Wellingborough Road Rushden Northamptonshire NNIO 9TB Date:................... G. Page 5
Brltlsh Slee Soclet Ststement of Flnanclal Activities for the ear ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMEKfs FROM Donations and legacies 29.266 29,266 27.253 Charltable actlvlties Charitable activities 6.833 6.833 106,467 Other trading activities Investment Income 121.260 311 559 559 Total 36,658 36,658 2SS,291 EXPENDITURE ON Charitable artivities Charitable activities 54,799 41,211 96,010 424,566 INCOME/IEXPENDITURE) 118,141) 141,2111 159,352} 1169,275) RECONCILIATION OF FUNDS Total funds brought forward 207,624 209,951 417,575 586,850 TOTAL FUNDS CARRIED FORWARD 189,483 168,740 358,223 417,575 The notes form part of these financial statements Page 6
British Slee Soci Balance Sheet 31 March 2025 2025 Total funds 2024 Total funds Unrestrirted fund Restricted fund Notes CURRENT ASSETS Debtors Cash at bank 1.241 197,770 1,241 366,510 2.982 425.625 168,740 199,011 168,740 367.751 428,607 CREDITORS Amount5 falling due within one year 19,5281 19.5281 {11.0321 NET CURRENT ASSErs 189,483 168.740 358,223 417,575 TOTAL ASSEfs LESS CURRENT LIABILITIES 189.483 168,740 358,223 417,575 189.483 168,740 358,223 417,575 FUNDS Unrestrirted funds Restricted fund5 189,483 168,740 207,624 209,951 TOTAL FUNDS 358,223 417,575 The financial ststements were approved by the Board of Trustees and authorised for issue and were signed on its behalf bv: on C Horton- Trustee The notes form part of these financial statements Page 7
Britbsh Slee Societ Notes lo the Flnancial Statements for the ar ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financlal 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 1021 '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 IFRS 1021 (effective l January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitie5 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 reliablv. Income received for a specific restricted purpose is credited to a separate restricted fund which is shown in a note to the financial statements. Total incoming resources credited to restricted funds are disclosed on the Statement of financial activities which also shows incoming resources in respert of unrestricted funds. Donations and 8rants received are credited on the Statement of financial activities in the year to which they relate. Donations and Glfts: All monetary donations and gifts are Included in full in the statement of finaii cial activities when receivable, provided that there are no donor imposed restrictions to the timing of the related expenditure, in which case recoÉnition is deferred until the pre-condition has been met. Expendlture Liabilities are recognised as expenditure a5 500n 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 dirertly attributed to particular headlngs they have been allocated to activities on a basi5 consistent with the use of resources. Grants offered subject to conditions which have not been met atthe year end date are noted as a commitment but not accrued a5 expenditure. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objettives at the discretion of the trustees. Restricted funds can only be used for particular restricted purpose5 Wlthin the objetts 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. Penslon costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Financial instrument5 A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Page 8
British Slee Soci Notes to the Financial Statements- continued for the ar ended 31 March 2025 AccoupinNG POUCIES- contlnued Financial instruments Basic financial instruments are initially recogni5ed at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Cash and cash equivalents Cash and cash equivalents include cash in hand and deposits held at call with banks. OTHER TrADING AcfiviTIES 2025 2024 Sponsorships 121,260 INVESTMENT INCOME 2025 2024 Deposit account interest 559 311 TRUSTEES, REMUNERATION AND BENEFIT5 There were no tru5tees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. EMPLOYEES The average numberof employees during the year was I12024- 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOMEAND ENI)OWMENTS FROM Donations and legacies 27.253 27,253 Charitable activities Charitable artivities 106,467 106,467 Other trading activities Investment income 121,260 311 121.260 311 Total 255.291 255,291 Page 9
British Slee Soci Notes to the Financial Statements- contlnued for the ear ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- continued Unrestricted fund Restricted fund Total funds EXPENDITURE ON Charitable artivities Charitable activities 204,517 220,049 424,566 NET INCOME/(EXPENDITUREI 50,774 1220,0491 1169,275) RECONCIUATION OF FUNDS Total funds brought forward 156,850 430,000 586,850 TOTAL FUNDS CARRIED FORWARD 207.624 209,951 417,575 DEBTORS: AMoui¥fs FALLING DUE wrrHIN ONE YEAR 2025 2024 Trade debtors Prepayments 2,565 417 1,241 1,241 2.982 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Taxatlon and social security Other creditors 4.752 912 3,864 6,469 981 3,582 9,528 11.032 Deferred Income 2025-£ 2.125 2024-£ Deferred income at l April 2024 Resources deferred during the year Amounts released from prfor year 2,125 2.125 Deferred income at 31 March 2025 2,125 Deferred income relates to income received in the year specifically relating to performance conditions to be met in the future periods Page 10
British Slee Societ Notes to the Financial Statements- contlnued for the ar ended 31 March 2025 MOVEMEiif IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestrlcted funds General fund 207,624 118,1411 189,483 Restricted funds Grant income 209,951 {41,2111 168,740 TOTAL FUNDS 417,575 159.3521 358,223 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 36,658 154,799) 118,141} Restrlrted funds Grant income 141,2111 141,211} TOTAL FUNDS 36,658 196.010) 159,352) Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 156.850 50,774 207,624 Restrlcted funds Grant income 430,000 {220,049) 209,951 TOTAL FUNDS 586,850 1169,275) 417,575 Page 11
Brltlsh Slee Societ Notes to the Financlal Statements- contlnued for the ar ended 31 March 2025 MOVEMENT IN FUNDS- contlnued Comparative net movement in funds, included in the above are as follow5: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 255,291 (204,517) 50,774 Restrlcted funds Grant income 1220,0491 (220,0491 TOTAL FUNDS 255,291 1424,5661 (169,2751 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestrfrted funds General fund 156,850 32,633 189,483 Restrlcted funds Grant income 430.000 {261,2601 168.740 TOTAL FUNDS 586,850 {228,6271 358,223 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 291,949 1259,3161 32,633 Restrlcted funds Grant income 1261,260) 1261.2601 TOTAL FUNDS 291,949 1520.576) 1228,6271 The restricted fund relates to HEE Fundin8. Page 12
British Slee Socl Plotes to the Financial Statement5- contlnued forthe ar ended 31 March 2025 io. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Marth 2025. Page 13
Brftlsh Slee Socl Detailed Statement of Financial Artivltles for the ear ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Donatlons and legacles Subscriptions 29,266 27,253 Other trading activities Sponsorships 121,260 Investment income Deposit account interest 559 311 Charltable activities Conference incoffle 6,833 106,467 Total incoming resources 36,658 255,291 EXPENDITURE Charitable artlvltles Conference expenses Grants to institutions 6,476 154,803 192,000 6.476 346,803 Support costs Management Wages Pensions Insurance Telephone Postage and stationery Advertising Website costs Subscriptions Administration 37,493 938 243 258 211 525 24.995 625 187 306 215 793 2.864 954 38.605 2.008 38,895 81,159 69,544 Flnance Bank charges 935 1,904 Information tethno108y Repairs and renewals Sundries Accountancy and legal fees 1,020 75 3,897 1,020 59 3,400 4,992 4,479 This page does not form part of the statutory financial statements Pa8e 14
British Slee Soci Detalled Statement of Financial Activities for the ear ended 31 March 2025 2025 2024 Information technology Human resources Consultancy cost 2,448 1,836 Total resources expended 96,010 424,566 Net expendlture {59,3521 1169,275} This page does not form part of the statutory financial statements Page 15