# **REPORT OF THE TRUSTEES**
**Unaudited Financial Statements** for the Year Ended 31 March 2023
**thesleepcharity.org.uk**
## **To empower the nation to sleep better**
|**Reference and Administrative Details**|**4**|
|---|---|
|**Report of the Trustees**|**7**|
|**Independent Examiner’s Report**|**27**|
|**Statement of Financial Activities**|**29**|
|**Statement of Financial Position**|**31**|
|**Statement of Cash Flows**|**34**|
|**Notes to the Statement of Cash Flows**|**35**|
|**Notes to the Financial Statements**|**36**|
|**Detailed Statement of Financial Activities**|**45**|
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## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
Smith Craven
Sidings House Sidings Court Lakeside
Doncaster
South Yorkshire
DN4 5NU
## **Bankers**
## **Trustees**
Virgin Money
- Helen Michaels (appointed 6.2.23)
- Juliet Ellis (appointed 14.6.23)
- Sarah Goddard (appointed 20.2.23)
19 St Sepulche Gate
DONCASTER
DN1 2PH
- David Lee Watson (appointed 4.5.22)
- Matthew Aron Stanbury
- Mark Dickinson
- Sarah Stables (resigned 20.9.22)
- Robert Keniwell (resigned 27.1.23)
- Dr Michael Boyle (resigned 3.1.23)
- Pippa Mell (resigned 10.3.23)
## **Solicitors**
Vedder Price LLP
4 Coleman Street
6th Floor
London
EC2R 5AR
- Tariq Shah (resigned 20.9.22)
## **Principal Address**
Apex Offices
The board of trustees administers the charity and meet at least quarterly. The Chief Executive and Founder, Vicki Beevers and Deputy Chief Executive Lisa Artis, has been appointed by the trustees to manage the day to day operations of the organisation.
1 Water Vole Way
Doncaster
South Yorkshire
DN4 5JP
## **Registered Charity Number**
1150585
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## **The Sleep Advisory Board**
- **Simon Blake OBE (Chair)** - CEO of Mental Health First Aid England
- **Dr Ruth Kingshott** - Sleep Physiologist at Sheffield Children’s Hospital
- **Dr Mike Farquhar** - Sleep Medicine Consultant at Evelina London Children’s Hospital
- **Dr Sarah Gilchrist** - Specialist in Sleep and Athletic performance
- **Dr Roxane Gervais** - Chartered Psychologist
- **Dr Neil Bindemann** - Director at Innervate, Executive Director of P-CNS and community Therapists Network
- **Dr Alanna Hare** - Consultant in Sleep and Respiratory failure at Royal Brampton and Harefield NHS Foundation Trust
- **Nathalie Winn** - Nutritionist at Waitrose and Partners
- **Rachel Wallbank** - Specialist Occupational Therapist
- **Dr Elizabeth Pal** - Community paediatric registrar, Bradford Teaching Hospitals
- **Jessica Alexander** - Executive Director at the National Bed Federation
- **Dr Rob Meadows** - Professor at University of Surrey
- **Jenny Featherstone** - Physiotherapist, Specialising in Paediatric Neuro-disability
- **Dr Theodora Kalentzi** - Specialist in Women’s Health and Menopause Care
- **Dr Karen McDonnell** - Occupational Health and Safety Policy Advisor at RoSPA
- **Dr Simon Durrant** - Director of the Sleep Research Centre at University of Lincoln
- **Shaun Fenton OBE** - Headmaster at Reigate Grammar School
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).
## **WELCOME FROM THE CHAIR**
## **Many of us hoped and expected that times and our lives would improve as we emerged from a post pandemic world.**
**Little did we know that we would have to contend with a new set of challenges both domestically and internationally and the direct and indirect impact on our daily lives. The cost of living crisis, economic disruption and climate change all create a context which impacts on how well the nation sleeps and our overall wellbeing.**
- **Dr Sophie Bostock** - Specialist in sleep and CBTI
- **Dr Jonathan Sunkersing** - GP with specialist interest in sleep
- **Dr Clare Simon** - Lead and founder at The London Dental Sleep Clinic
## **Patrons and Ambassadors**
Baroness Goudie Zoe Salmon Vicky Thornley Shaun the Sheep
These external factors underline the importance of the need for our services at The Sleep Charity. This year, we have built on previous successes and continue to devote our efforts to find new evidence based approaches to enhance our understanding of sleep and how it affects our health.
We also, celebrated our tenth anniversary this year and are grateful that our reputation for excellence in the field of sleep support for adults and children is being recognised. Increasingly, we are working in collaboration with other health and sleep experts to build strong relationships with those who share our goals. Our aim is to provide services and programmes that help the nation sleep better and in this way improve the wellbeing for children and adults.
There are many highlights from the year as the impact of our work grows ever stronger. We are grateful to our supporters who have helped us to continue to fund new programmes and services that will transform the lives of the sleep deprived. Some of our considerable achievements are outlined in this report.
For example, our National Sleep Helpline went live this year with the support of our partners at Furniture Village and in December we launched a three month pilot for our ‘Sleep Poverty’ project in South Yorkshire securing funding and donations to deliver beds locally to the most disadvantaged children struggling to sleep.
To raise awareness of the impact of sleep on health and wellbeing - we delivered the House of Commons re-launch for ‘The Charter for Sleep Equality’ to tackle fatigue and sleep. At the end of the year we launched the children’s sleep e-Book ‘Welcome to the World of Sleep’’ to support parents and carers who have children experiencing sleep difficulties. The e-Book was downloaded more than 5,000 times in two months exceeding our expectations.
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Our finances are in good shape as we work to build a sound foundation for the charity, to support expansion of our evidence-based research and the range of our sleep solutions. Our reserves have been strengthened and we have secured a range of funding and grants from partners, corporate sponsors, the national lottery and commissioned services.
Our primary services have followed a similar pattern, with our sleep services, courses, and online workshops consistently contributing to our revenue. Our grant income remained stable compared to last year, whilst donations experienced a significant decrease. This decrease can be attributed to having received a one-time philanthropic donation of £89,000 from Orbis Investment in April 2021.
Subsequent to the end of the year, our training programs and online courses fell short of our anticipated budgeted performance. However, our senior leadership team remains committed to addressing this placing a high priority on identifying and delivering new approaches to sleep issues.
During the year we experienced changes to our board’s composition. I would like to thank my predecessor Tariq Shah along with Dr Michael Boyle, Robert Keniwell, Pippa Mell and Sara Stables for their support and dedication to the charity during their board tenure. We are also delighted to report that, following a skills review and robust recruitment drive, we have appointed Dave Watson, Sarah Goddard and Juliet Ellis who have joined our Trustee board.
Due to the number of board changes, the charity commissioned an external governance review in December 2022 to identify what we could do better in leading our charity and support the impact for our beneficiaries. The results were informative and were reviewed by the board and senior leadership team to identify and develop a detailed governance action plan to continually improve how we work as a leadership team.
The review was a great reminder of the strength of our shared purpose and passion to support our beneficiaries. From this - we have made minor changes to define our values which are now aligned to our strategy and current goals. The values provide a solid foundation to build on our already strong culture that will support us as in our future growth and strategic plans.
Key governance initiatives are being added to our strategy, including developing a leadership charter, and ensuring our decisions are wholly aligned with our charitable objects, mission and values. We will also ensure that we put those with ‘lived experience’ at the centre of everything we do. In addition, this will enable us to co-ordinate sleep research and incorporate this in preparation for future growth. We will continue to monitor our performance by carrying out regular board evaluations to measure progress. Also, we identified the need for a stronger emphasis on Equality, Diversity and Inclusion - which we will measure through specific objectives for next year and beyond. This will be added to our strategic plans as a critical aspect for the culture we wish to embed. Both the board, senior teams and colleagues are committed to these changes so that our work reflects the communities we serve.
Looking ahead, we are acutely aware that our existing commissioned sleep services are focused on Yorkshire, Nottinghamshire, and the Alder Hey Hospital in Liverpool. We also provide sleep services across Lincolnshire thanks to a successful three-year National Lottery bid. Our aim going forward is to extend these services to other parts of the United Kingdom
Yet, we want to do more. Our plans are ambitious and during the year we made significant progress towards many of our strategic programmes. Initially we want to promote greater awareness of sleep issues in the national psyche as a way to improve health and wellbeing, whilst also extending our reach nationally and internationally. These challenging goals are reflected in our evolving five year strategy, to grow and enhance our services and programmes.
Our plans for the year ahead include the launch of several new initiatives. Where relevant we will add digital solutions as well as building on our in-person training of health practitioners. New programmes include our revised online Sleep Practitioner course, the introduction of a membership scheme for courses and resources, specific training for Boarding Schools and the updating of our courses such as ‘Sleep Better’ and ‘Sleep Talkers’ to name but a few. Plans for our first National Sleep Conference in February 2024 are progressing well.
As services have grown, we have worked hard to recruit sleep professionals to our ever expanding team. We recognise this is key to facilitating our growth strategy. Recruitment and selection plans are being developed to overcome this, particularly as we are mindful of the shortage of available sleep professionals. We have started to explore and identify potential alternatives - such us the use of technology to satisfy demand for sleep training.
We are delighted that the hard work of the charity was once again acknowledged. Three of our entries were entered for the Doncaster Business Awards in three categories. We were runners up for Innovator of the Year and Partnership of the Year and shortlisted for Charity of the Year. Our CEO Vicki Beevers, went one better when awarded Social Entrepreneur of the Year at the Social Enterprise Yorkshire & the Humber Awards. We are justifiably proud of the teams achievements and look forward to winning more awards in the coming years to add to our collection.
On a personal note - I have been made to feel exceptionally welcome since joining the Board at the beginning of the year. The work of our team is inspirational, and I feel honoured and humbled to have been asked to take the role of Chair at the charity.
So finally I would like to say thank you. Firstly thanks to my fellow trustees for giving up so much of your time to support the growth and development of our great charity. And, on behalf of the Trustees we want to express our heartfelt gratitude to our colleagues within the charity for their commitment, hard work and resilience and dedication throughout the year. It is through them that we have met the needs of those who rely on our support and will remain our number one priority as we move towards a sustainable future.
Thank you.
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Helen Michaels
Chair of Trustees
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## **MESSAGE FROM OUR FOUNDER AND CEO**
## **The community that we support continues to face huge challenges; from new waves of Covid-19 to the stress that the cost-of-living crisis has placed on many.**
**The impact on sleep of living in a society facing immense difficulties cannot be underestimated. Without adequate, good quality sleep, the mental and physical health of individuals becomes seriously compromised. With NHS resources more stretched than ever, it has become increasingly important that The Sleep Charity steps up to the challenge and provides support at scale to meet the ever-increasing demand that we face.**
All our sleep services have been re-commissioned, and our practitioners have continued to work with complex cases, increasing sleep duration and improving the lives of many. Our national sleep helpline is receiving a significant increase in calls reflecting the huge need for our support
Innovation is one of our organisational values and I am delighted that we can reflect this in so many of our new projects. This year we have launched a CBTi (Cognitive Behavioural Therapy for Insomnia) course led by Professor Jason Ellis, one of the world’s leading experts in the field. In addition to this, work is underway on launching two e-Books which will be freely available to support both adults and children to improve their sleep.
Our work at The Sleep Charity is meeting a health inequality that affects around 40% of the nation and providing resources that otherwise would not exist. The enormous demand we face can at times seem overwhelming for a small charity with limited resources. I am confident however that the measures we are taking around our strategic development will ensure that the organisation does not just survive, but thrives, to reach those most in need of our help.
Our work is supported by a committed team of staff and volunteers who I would like to personally thank for their passion to the cause and commitment.
We could not achieve all we do without the funders, donors and corporate sponsors, I would like to thank you for trusting and believing in our work,
## **Vicki Beevers**
CEO and Founder of The Sleep Charity
These challenges have given us the opportunity to reflect on our strategic aims, providing us with the opportunity to create a robust plan to ensure we continue to grow to meet the needs of those we serve. It has therefore been a year of transition and change, taking stock of our achievements and establishing a clear strategy to build upon them.
The role that the board of trustees play is vital and during the last 12 months we have focused heavily on improving our governance. We said a fond farewell to our Chair Tariq Shah, OBE and I would like to personally thank Tariq for his dedication to the cause.
We were delighted to appoint Helen Michaels into the Chair position after a robust recruitment exercise. Helen has a vast amount of experience, skill and knowledge when it comes to board leadership and governance. As I write this report Helen is only 8 weeks into her appointment and we are already seeing significant developments in this area. We will continue to work on governance as a priority over the next year.
To address the cost-of-living crisis we launched a Sleep Poverty project in South Yorkshire during this year. Our practitioners were reporting that they were encountering more families where children could not sleep because they did not have the basics such as a bed or curtains at the window. We secured over £60,000 of beds that we were able to deliver to the most disadvantaged in our area thanks to kind support from corporate sponsors and an initial donation from Care-Tech to kick start this important work. We are keen to continue this project and are currently liaising with potential partners to see how best we may be able to support this unmet need.
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## **OBJECTIVE AND ACTIVITIES**
## **OBJECTIVES AND AIMS**
The objects of The Sleep Charity are:
1. The advancement of health in the UK and elsewhere through the provision of service which encourage and promote the importance of sleep for mental, emotional and physical wellbeing
## **SIGNIFICANT ACTIVITIES**
The Sleep Charity’s principal means of achieving its objectives is by providing evidence-based information and support through the delivery of training, online, and face to face and telephone support from Sleep Practitioners. We also deliver training to practitioners to deliver sleep support to families in their local communities. The charity is involved in research projects to develop understanding and underpin information provided around sleep as well as campaigning activities to raise awareness of the importance of sleep for wellbeing at a national level.
## **PUBLIC BENEFIT**
The trustees have considered this purpose, the aims and objectives of the charity and its current and planned activities against the Charity Commission’s general guidance on public benefit. The Trustees are satisfied that the charity’s purpose, aims, objectives and activities are fully consistent with charity purposes as defined in the Charities Act 2011.
The charity takes an holistic approach to engaging with all in order to offer its services without discrimination.
2. Such other charitable purposes as the trustees shall from time to time think fit
The charity aims to provide access to high quality information and advice to deal with most sleep issues and ensure everyone understands the value of a good night’s sleep. A significant challenge that we face as an organisation is that sleep is not regulated in England and Wales and accessing sleep support is a postcode lottery. We aim to raise awareness around the importance of sleep to influence government policy through our campaigning work. A further aim is to provide evidence for sleep support more widely by offering training to community practitioners and through direct sleep services.
## **VOLUNTEERS**
Volunteers with specialist skills have been recruited to support the charity to meet its aims during the last year. We continue to engage with the Sleep Council our advisory board of experts who provide independent scrutiny of our work.
Covid-19 significantly increased sleep issues nationally. Research shows that around 40% of the nation would suffer a sleep difficulty prior to the pandemic. We know this figure has risen and sleep issues have become more complex. A significant challenge we face is how to meet this increased demand and have therefore developed more online tools as part of our tiered approach to intervention. We also developed our online teen hub to reach more young people.
In order to reach our aims the board have developed a robust 3 year strategic plan with the annual business plan outlining key performance indicators to assess success. Activities that we undertake are assessed by the board to ensure they contribute to the achievement of our aims and objectives before being signed off. Each activity has bespoke evaluation measures developed so that success can be captured and reported, for example our sleep services use evaluation tools developed by the sleep team from Sheffield Children’s Hospital.
Achievement of our aims will ensure an increased awareness and change in government policy so that those suffering sleep issues can access evidence-based information and support in the heart of their communities.
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## **ACHIEVEMENTS AND PERFORMANCE**
**You saved us, we were unable to function, thank you”** Parent who accessed our support
## **CHARITABLE ACTIVITIES**
We continue to be proud of our achievements, over the last year these have included:
## **2,193**
**Families directly supported with evidence-based sleep support**
**Sleep Practitioners trained by us who will embed their work into their local communities**
**Our sleep project across Lincolnshire kindly funded by the National Lottery, Reaching Communities continued to thrive**
**We provided CPD (Continuing Professional Development) training for 36 delegates focusing on SEND (Special Educational Needs & Disabilities).**
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**developed a new project in Wales to ensure families of children with SEND could access support**
**We have worked in partnership with Twinkl, an online global platform to develop resources that are accessible to their 1.6 million members**
**Our team were asked to provide lectures at a range of institutions including Brighton and Sussex Medical school for graduate students.**
**SEND reaching over 900**
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**2,000 families were surveyed, and the findings demonstrated the need for our important work. An eBook was also launched in March 2023 with 1,000 downloads in just 4 weeks**
**We currently have**
**on our waiting list ahead of launching our new online Sleep Practitioner course.**
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## **EXTENDING OUR SERVICES FOR ADULTS**
## **CBTI Course**
We have worked in partnership with Professor Jason Ellis of Northumbria University to launch a series of adult e-learning modules.
Our CBTi course launched to upskill professionals to offer support to adults in their local community.
## **Sleep Talkers**
Our Sleep Talkers team developed a training package to support those over 50 with sleep issues.
**One of my patients reported that she is becoming sleepier at night and that for the first time she had fallen asleep and not woken up until the morning. Wow, can’t thank you enough!”** Social prescriber who attended Sleep Talker training
## **Workplace Sleep Ambassadors**
Our Workplace Sleep Ambassador scheme continued to develop and we appointed Dr Mike Oliver to deliver these sessions to corporate organisations.
## **NATIONAL SLEEP HELPLINE**
The national sleep helpline continued to thrive thanks to the kind donation from Furniture Village that allows this vital work to continue to take place:
**GP surgeries sent posters to advertise the helpline across England**
**Awesome, you’ve spoken the most sense of anybody we have talked to”**
**Doesn’t seem to be much help out there , there was nobody else so it is really helpful to have such great advice”**
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## **BUILDING PARTNERSHIPS**
## **We continue to build strong partnerships to support the development and deliver of our charitable activities, these include working with:**
## **RESEARCH**
We continue to support academic institutions with their research around sleep.
We are working with the University of Bristol on an adolescent sleep project over the next 3 years.
Exeter University have engaged with us around a study relating to the management of sleep disturbance for people living with dementia
School’s Wellbeing Partnership, to embed wellbeing and good mental health into the culture and ethos of every school.
We joined the Health Equality network to extend our reach and spread our message.
We remain grateful to the National Bed Federation for their ongoing support that allows our work to grow and thrive.
## **FUNDING FOR OUR WORK**
## **DEVELOPMENTS WITHIN OUR TEAM**
We continue to be proud of our team’s achievements.
Our former Chair Tariq Shah was awarded an OBE for philanthropy and services to charity
Our team grew with the addition of an Operations Manager, Social Media Manager, Training and Membership Officer and in-house graphic designer.
The team were nominated for two awards and finalists at Doncaster Business Chamber’s annual ceremony. We received the Runner Up award in the category ‘Success for Innovation and Diversification’
Supporting Continuous Professional Development is important, our team secured level 2 certificates in counselling skills and one member of the team was awarded Level 3 Forest School Leader. A number of members of our team completed CBTi training.
## **CAMPAIGNING IN THE HOUSE OF COMMONS**
We launched our Sleep Charter in the House of Commons in January 2023. Guest speakers included Christine Poulter, Honorary Strategic Advisor for the Society of Occupational Medicine and Dr Sophie Bostock.
Sleep Poverty has been a concern of ours for several years. A pilot project was launched in South Yorkshire to provide sleep products to those facing poverty, kindly supported by a number of corporate organisations including, Mattress Online, Silentnight and Hypnos. Our work featured in a debate in the House of Commons, we aim to build on this work.
**We would like to thank all of those who provide funding to support our work, we are hugely appreciative. This includes:**
- The National Bed Federation
- The Masonic Foundation
- The Waterloo Foundation
- With kind donations received from:
- National Lottery Reaching Communities
- Conscious Life
- National Lottery Awards for All England
- Hatch End High School
- National Lottery Awards for All Wales
## **WAYS TO SUPPORT**
**The generous support of others makes our work possible. There are a number of ways you can get involved:**
- Make a donation
- Partner with us
- Fundraise for us
- Join in our awareness events
- Volunteer
- Help us to campaign
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## **ACHIEVEMENTS AND PERFORMANCE**
## **Financial Position**
Last financial year we recognised that the charity’s growth could be a potential risk and made a decision to control this, allowing the organisation time to ensure our governance was securely in place to support future growth. We also recognised the significant impact that the cost-of-living crisis was having on small charities and correctly predicted that securing funding for our work would prove even more of a challenge this year. We have mitigated against this by developing new membership schemes, training programmes and developing corporate partnerships.
With the NHS under ever increasing strain we recognise that funding for our sleep services may be at risk. We are therefore developing a model to ensure we can continue to offer support locally through training other voluntary sector organisations to deliver in the heart of the communities.
The board have taken the decision to meet bi-monthly during these challenging economic times to ensure that finances are carefully monitored and decisions made quickly to address any risks.
## **Future Plans**
The board have developed a new strategy that provides us with a robust framework to support our work over the next 5 years. While it is important to continue to develop our services to meet the high demand that we continuously face, it is also vitally important that we now have a period of reflection. We must ensure governance is of the highest level prior to embarking on the next stage of development. Careful consideration has been given to the activities identified in order to ensure that resources are allocated to best effect.
## **Activities will include:**
- Piloting outdoor workshops, to identify the benefits for sleep in nature and reach more people with sleep issues through the use of alternative methods that are less clinically based
- Developing our e-learning platform to ensure we can deliver our training at scale
- Identifying ways to use IT to capture data more efficiently via a CRM system
- AccreditingLaunching a series of adult sleep training programmes reaching 50 delegates to ensure those working with adults can access appropriate information
- Development of a membership scheme so that those that we train are kept up to date and maintain their skills
- To sign up 10 corporate workplaces to the Sleep Ambassador scheme, to promote good sleep health in the workplace
- Formalising our partnership with ROSPA to support the development of work around safety and sleep
## **Principal Funding Sources**
- Undertaking an internal governance review and putting in place an action plan to deliver improvement in any areas identified
Principal funding sources remain through the delivery of training. This supports our objectives by providing evidence based information to those in the community who can more easily reach beneficiaries. Corporate funding for the helpline supports our objectives by providing one-to-one support to those in need of information at a national level. Commissioned sleep services also provide a significant source of funding and through these we can provide families with specialist sleep support to improve their wellbeing.
## **Reserves policy**
Our level of reserves is monitored monthly by our CEO and trustees with the aim to secure sufficient reserves to cover a 6-month period of activities.
Total funds at the balance sheet date totalled £514,852, of which £452,544 were unrestricted and £444,792 free reserves. This represents approximately 7 months of activities. Building reserves is a significant challenge in the current economic climate.
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## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **Approved by order of the board of trustees on 14/12/2023 and signed on its behalf by:**
## **........................................................................**
## **Helen Michaels**
## Chair of Trustees
## **Independent Examiner’s Report to the Trustees of The Sleep Charity**
I report to the charity trustees on my examination of the accounts of The Sleep Charity (the Trust) for the year ended 31 March 2023.
## **Governing Document**
The charity (which was established in March 2012) was set up as a CIO on 24 January 2013. It is governed by its constitution which sets out the objectives and powers of the CIO.
## **Recruitment and Appointment of New Trustees**
The charity is managed by a board of trustees who are sought by advertisement and personal contact. New trustees are appointed by a resolution passed at a properly convened meeting. In selecting individuals for appointment as charity trustees, the board must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## **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**
## **Organisational Structure**
The charity is managed by a board of trustees who are sought by advertisement and personal contact. New trustees are appointed by a resolution passed at a properly convened meeting. In selecting individuals for appointment as charity trustees, the board must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
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 Association of Chartered Certified Accountants, 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
## **Induction and training of new trustees**
New Trustees undergo an induction process to brief them on their legal obligations, the strategic plan and the financial performance of the CIO. During this process they will also meet key employees, other trustees and volunteers.
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.
## **Key Management Remuneration**
The board have developed a remuneration committee and policy which clearly sets out arrangements around pay.
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Claire Docherty FCCA
Smith Craven Sidings House Sidings Court
Lakeside
Doncaster
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
South Yorkshire
DN4 5NU
**........................................................................**
**Claire Docherty FCCA** Independent Examiner
**Date ........................................................................** 14/12/2023
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2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
NOTES (£) (£) (£) (£)
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 1,741 202,844 204,585 220,743
2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
NOTES (£) (£) (£) (£)
Charitable activities 4 449,061 136,146 585,207 671,813
Donations and legacies
2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
NOTES (£) (£) (£) (£)
Investment income 3 47 - 47 -
2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
(£) (£) (£) (£)
Total 450,849 338,990 789,839 892,556
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28 **• thesleepcharity.org.uk •** The Sleep Charity | Annual Report 2022 - 2023
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2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
NOTES (£) (£) (£) (£)
EXPENDITURE ON
Charitable activities 5 414,700 332,711 747,411 597,013
Workshops and training
2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
(£) (£) (£) (£)
Net Income 36,149 6,279 42,428 295,543
2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
(£) (£) (£) (£)
RECONCILIATION OF FUNDS
Total funds brought forward 416,395 56,029 472,424 176,881
2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
(£) (£) (£) (£)
Total funds carried forward 452,544 62,308 514,852 472,424
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## **STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 MARCH 2023**
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2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
NOTES (£) (£) (£) (£)
FIXED ASSETS
Tangible assets 11 7,752 1,891 9,643 11,216
2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
NOTES (£) (£) (£) (£)
CURRENT ASSETS
Debtors 12 44,594 20,000 64,594 24,561
2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
(£) (£) (£) (£)
Cash at bank 505,062 166,889 671,951 605,170
2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
(£) (£) (£) (£)
Total current assets 549,656 186,889 736,545 629,731
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2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
NOTES (£) (£) (£) (£)
CREDITORS
Amounts falling due within one year 13 (104,864) (126,472) (231,336) (168,523)
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2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
(£) (£) (£) (£)
Net current assets 444,792 60,417 505,209 461,208
2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
(£) (£) (£) (£)
Total assets less current liabilities 452,544 62,308 514,852 472,424
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2022
2023 Total funds
Total funds as restated
(£) (£)
FUNDS
Unrestricted funds 452,544 416,395
Restricted funds 62,308 56,029
Total funds 514,852 472,424
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**The financial statements were approved by the Board of Trustees and authorised for issue on 14/12/2023 and were signed on its behalf by:**
## **........................................................................**
**Helen Michaels** Chair of Trustees
**........................................................................**
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2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
(£) (£) (£) (£)
Net assets 452,544 62,308 514,852 472,424
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**Mark Dickinson** Trustee
32 **• thesleepcharity.org.uk •** The Sleep Charity | Annual Report 2022 - 2023
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## **STATEMENT OF CASH FLOWS**
## **FOR THE YEAR ENDED 31 MARCH 2023**
## **NOTES TO THE STATEMENT OF CASH FLOWS**
## **FOR THE YEAR ENDED 31 MARCH 2023**
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Notes 2023 2022
(£) as restated
(£)
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations 1 70,418 304,753
Net cash provided by operating activities 70,418 304,753
2023 2022
(£) as restated
(£)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of tangible fixed assets (3,684) (6,692)
47 -
Interest received
Net cash used in investing activities (3,637) (6,692)
2023 2022
(£) as restated
(£)
Change in cash and cash equivalents in reporting period 66,781 298,061
Change in cash and cash equivalents at the beginning of the reporting period 605,170 307,109
Cash and cash equivalents at the end of reporting period 671,951 605,170
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2023 2022
(£) as restated
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) 42,428 295,543
Adjustments for:
Depreciation charges 5,257 6,302
-
Interest received (47)
Increase in debtors
(40,033) (6,200)
Increase in creditors 62,813 9,108
Net cash provided by operations 70,418 304,753
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At 1.4.22 Cash flow At 31.3.23
£ £ £
2. ANALYSIS OF CHANGES IN NET
FUNDS
Net cash
Cash at bank and in hand
605,170 66,781 671,951
Total 605,170 66,781 671,951
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## **Taxation**
The charity is exempt from tax on its charitable activities.
## **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.
## **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.
## **Pension 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.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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Fixtures and fittings
- 25% on cost
Computer equipment - 25% on cost
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2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
(£) (£) (£) (£)
2. DONATIONS AND LEGACIES
Donations 1,741 - 1,741 97,320
Grants - 202,844 202,844 123,423
Total 1,741 202,844 204,585 220,743
2022
Unrestricted Restricted 2023 Total funds
funds funds Total funds as restated
(£) (£) (£) (£)
3. INVESTMENT INCOME
Deposit account interest 47 - 47 -
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2022
2023 Total funds
Total funds as restated
Activity (£) (£)
4. INCOME FROM CHARITABLE ACTIVITIES
Training and sleep services Workshop 396,612 410,369
and training
Workshop
Grants 136,146 218,351
and training
Corporate partnerships income Workshop 52,449 43,093
and training
Total 585,207 671,813
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2023 2022
(£) (£)
GRANTS RECEIVED INCLUDED IN INCOME FROM
CHARITABLE ACTIVITIES:
Masonic Charitable Foundation 6,248 5,031
Mind - 4,302
Cameron Trust - 1,930
National Bed Foundation 38,998 45,502
Waterloo Foundation 2,400 1,200
National Lottery - Lincolnshire fund - 90,004
Doncaster VCFS Fund - 4,400
Furniture Village Helpline 42,062 40,982
Doncaster Residential project 45,000 25,000
-
Sleep poverty 73
Rotary Club 460 -
Archer Trust 905 -
Total 136,146 218,351
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Unrestricted Direct costs Support costs Totals
funds (see note 6)
£ £
(£)
£
5. CHARITABLE ACTIVITIES COSTS
Workshops and training 590,348 157,063 747,411
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Governance
costs
£
6. SUPPORT COSTS
Workshops and training 157,063
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## **7. 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**
Trustees received a total of £61 in the year for reimbursed travel expenses.
## **8. STAFF COSTS**
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**
The average monthly number of employees during the year was 13 (2022 - 10).
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Employees emoluments greater than £60,000 during the year
2023 2022
£60,000 - £69,999 - 1
£70,000 - £79,999 1 -
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Unrestricted Restricted Total funds
funds fund as restated
£ £ £
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
97,320 123,423 230,743
Donations and legacies
Charitable activities
Donations and legacies 453,462 218,351 671,813
Corporate partnerships income 550,782 341,774 892,556
Unrestricted Restricted Total funds
funds fund as restated
£ £ £
EXPENDITURE ON CHARTITABLE ACTIVITIES
Workshops and training 314,126 282,887 597,013
Unrestricted Restricted Total funds
funds fund as restated
£ £ £
Net income 236,656 58,887 295,543
Unrestricted Restricted Total funds
funds fund as restated
£ £ £
RECONCILIATION OF FUNDS
Total funds brought forward 179,739 (2,858) 176,881
Total funds carried forward 416,395 56,029 472,424
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## **10. PRIOR YEAR ADJUSTMENT**
The previous year’s comparatives have been restated to move £52,317 included in creditors due within one year restricted fund to be presented in income from charitable activities and move £3,712 included in expenditure on charitable activities restricted fund to expenditure on charitable activities unrestricted fund.
The net affect to the statement of financial activities is an increase in total funds carried forward of £52,317.
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Fixtures and Computer Total
fittings
equipment £
11. TANGIBLE FIXED ASSETS
£
£
Cost
At 1 April 2022 14,024 15,505 29,529
Additions - 3,684 3,684
At 31 March 203 14,024 19,189 33,213
Depreciation
At 1 April 2022 11,129 7,184 18,313
Charge for year 2,091 3,116 5,257
At 31 March 2023 13,220 10,350 23,570
Net book value
At 31 March 2023 804 8,839 9,643
At 31 March 2023 2,895 8,321 11,216
2023 2022
£ as restated
£
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors 47,861 19,772
Prepayments 16,733 4,789
Total 64,594 24,561
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**----- Start of picture text -----**
2023 2022
£ as restated
£
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade credtitors 1,874 1,452
Other credtitors 229,462 167,071
Total 231,336 168,523
Minimum lease payments under non-cancellable operating leases due as follows:
2023 2022
£ as restated
£
14. LEASING AGREEMENTS
Within one year 7,000 7,000
Between one and five years 28,000 28,000
In more than five years 583 7,583
Total 35,583 42,583
At 1.4.22 Not movement At 31.3.23
in funds
£
£
15. MOVEMENT IN FUNDS
Unrestricted funds 416,395 36,149 452,544
Restricted funds 56,029 6,279 62,308
Total 472,424 42,428 514,852
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Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
15. MOVEMENT IN FUNDS - continued
Unrestricted funds 450,849 (414,700) 36,149
Restricted funds 338,990 (332,711) 6,279
Total 789,839 (747,411) 42,428
Comparatives for movement in funds At 1.4.21 Net At 31.3.22
£ movements in £
funds £
15. MOVEMENT IN FUNDS - continued
Unrestricted funds 179,739 236,656 416,395
Restricted funds (2,858) 58,887 56,029
Total 176,881 295,543 472,424
Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement
resources expanded in funds
£ £ £
15. MOVEMENT IN FUNDS - continued
Unrestricted funds 550,782 (314,126) 236,656
Restricted funds 341,774 (282,887) 58,887
Total 892,556 (597,013) 295,543
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## **16. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
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Unrestricted Restricted 2023 2022
funds funds Total funds Total funds
INCOME AND ENDOWMENTS
£ £ £ £
Donations and legacies
Donations 1,741 - 1,741 97,320
Grants - 202,844 202,844 123,423
Total 1,741 202,844 204,585 220,743
Unrestricted Restricted 2023 2022
funds funds Total funds Total funds
£ £ £ £
Investment Income
Donations 47 - 47 -
Unrestricted Restricted 2023 2022
funds funds Total funds Total funds
£ £ £ £
Charitable activities
Training and sleep services 396,612 - 396,612 410,369
Grants - 136,146 136,146 218,351
Corporate incoming resources 52,449 - 52,449 43,093
Total 449,061 136,146 585,207 671,813
Unrestricted Restricted 2023 2022
funds funds Total funds Total funds
£ £ £ £
Total incoming resources
450,849 338,990 789,839 892,556
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Unrestricted Restricted 2023 2022
funds funds Total funds Total funds
EXPENDITURE
£ £ £ £
Charitable activities
Wages 192,655 202,796 395,451 294,407
Social security 7,153 27,927 35,080 24,641
Pensions 10,175 - 10,175 6,962
Rent and rates 9,702 - 9,702 9,672
Insurance 2,288 - 2,288 2,029
Telephone 8,563 907 9,470 6,506
Printing, post and stationery 4,,572 4,668 9,240 22,392
Marketing and exhibitions 30,957 1,892 32,849 25,567
Sundries 4,467 - 4,467 5,137
Practitioner fees - 41,170 41,170 44,485
Practitioner expenses - 3,922 3,922 3,250
Training, travel and accommodation 9,348 6,350 15,698 13,185
Repairs and renewals 4,990 1,779 6,769 1,865
Equipment and hire 8,810 - 8,810 -
Fixtures and fittings 1,585 506 2,091 3,506
Computer equipment 1,851 1,315 3,166 2,796
Total 297,116 293,232 590,348 466,400
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Unrestricted Restricted 2023 2022
funds funds Total funds Total funds
Support costs £ £ £ £
Governance costs
Independent examination 3,600 - 3,600 900
Consultancy fees 88,321 39,479 127,800 112,151
Website fees 3,384 - 3,384 5,587
Software fees 6,693 - 6,693 3,666
Administration services 11,971 - 11,971 8,309
Subscriptions 3,615 - 3,615 -
Total 117,584 39,479 157,063 130,613
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**----- Start of picture text -----**
Unrestricted Restricted 2023 2022
funds funds Total funds Total funds
£ £ £ £
Total resources expended 414,700 332,711 747,411 597,013
Net income 36,149 6,279 42,428 295,543
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48 **• thesleepcharity.org.uk •** The Sleep Charity | Annual Report 2020-2021