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← The Sleep Charity

2024-03-31-accounts

REPORT OF THE TRUSTEES

Unaudited Financial Statements for the Year Ended 31 March 2024

thesleepcharity.org.uk

TO EMPOWER THE NATION TO SLEEP BETTER

REFERENCE AND ADMINISTRATIVE DETAILS 4-5
REPORT OF THE TRUSTEES 6-23
STATEMENT OF FINANCIAL ACTIVITIES 24
STATEMENT OF FINANCIAL POSITION 25
STATEMENT OF CASH FLOWS 26
NOTES TO THE STATEMENT OF CASH FLOWS 27
NOTES TO THE FINANCIAL ACTIVITIES 28-35
DETAILED STATEMENT OF FINANCIAL ACTIVITIES 36-37

REFERENCE AND ADMINISTRATIVE DETAILS

The board of trustees administers the charity and meet at least bi-monthly. The Chief Executive and Founder, Vicki Beevers and Deputy Chief Executive Lisa Artis, have been appointed by the trustees to manage the day to day operations of the organisation.

THE SLEEP ADVISORY BOARD

TRUSTEES

PRINCIPAL ADDRESS

Sidings House Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU

REGISTERED CHARITY NUMBER

1150585

INDEPENDENT EXAMINER

Smith Craven Sidings House Sidings Court Lakeside

Doncaster South Yorkshire DN4 5NU

BANKERS

Virgin Money 19 St Sepulche Gate Doncaster DN1 2PH

SOLICITORS

Vedder Price LLP 4 Coleman Street 6th Floor London EC2R 5AR

PATRONS AND AMBASSADORS

4 • thesleepcharity.org.uk • The Sleep Charity | Reference and Administrative Details

Reference and Administrative Details | The Sleep Charity • thesleepcharity.org.uk • 5

REPORT OF THE TRUSTEES

During the year we launched our Sleep Well Academy website. The Academy showcases our courses in one place. Users can contrast and compare courses as well enabling a simpler booking and management process.

Another first was securing funding to develop a sleep hub for adults with ADHD. This service including 8 podcasts as part of the online information hub and is the first of its kind nationally.

This year we successfully gained CPD (Continuing Personal Development) accreditation for our adult sleep courses and launched our certificated CBTi (Cognitive Behavioural Therapy for Insomnia) online course.

During the year following a skills review, we strengthened our Trustee board with the appointment of Juliet Ellis, Dr Desaline Joseph and Ian Howes. We said goodbye to Sarah Goddard who stepped down as a trustee and we thank her for her service to the charity.

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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).

CHAIR’S WELCOME FOR ANNUAL REPORT

The last year continued to throw up ongoing challenges for the charity sector whilst many public and private companies tightened their belts in a tough socio-economic and politically charged climate. These external factors continue to impact on how well the nation sleeps and underlines the importance of The Sleep Charity’s work.

We remain indebted to both existing and new supporters who have helped us to continue to fund new programmes and services that will transform the lives of the sleep deprived. Yet, the sector’s economic challenges resulted in a decline in our overall income whilst our expenditure increased as we continued to invest in researching and developing new sleep services.

A key challenge was to secure funding during the ongoing cost of living crisis. This particularly impacted our longer term funding for local health authority commissioned services. The typical short term nature of these contracts makes it difficult to plan for staffing and to balance resourcing. Yet the demand for our services continues to grow exponentially.

To overcome the challenges, we took decisive action to mitigate funding risks. This included using a fundraising agency, creating a corporate fundraiser role and commencing recruitment for a trust and grant fundraising colleague. We have also completed a cost review and started exploring alternative funding solutions to ensure we can grow and develop new services.

The success of our mitigations was evidenced financially by an excellent final quarter. This demonstrates how well we adapt when the going gets tough. We successfully secured funding to set up new sleep services in Barnsley and to develop a ‘sleep hub’ in Lincolnshire. This along with our close attention to managing the risks, enabled us to end the year with five months of reserves. We remain confident that our finances can recover as we continue to identify and deliver innovative new approaches for sleep. Our strategy and new colleagues will enable us to secure funds from grants, partners and corporate sponsors as well as continue to support commissioned services.

Despite the external pressures, the sheer dedication and commitment of our Dream Team at The Sleep Charity means we can be proud of our achievements, including a number of firsts. Some of these are outlined here.

Our inaugural two day conference, in February 2024 was a sell out and exceeded expectations with outstanding feedback from delegates. The panel of sleep and health experts demonstrates our continuing collaboration to build strong relationships with those who share our goals for better sleep support. We took the opportunity at the evening drinks reception to showcase our work to local dignitaries and to reignite relationships with the local community. Bigger and bolder plans for next year’s conference are already underway.

6 • thesleepcharity.org.uk • The Sleep Charity | Report of the Trustees

“ The trustee board and senior team met at the beginning of the year to develop a governance action plan. From this we have introduced tools to improve how we work together. These include a detailed risk assessment, a full review of our policies and procedures and importantly clarity around our delegations framework. In addition, board meetings now include governance as a standing agenda item. Trustee appraisals were introduced along with a development plan with board and senior team members completing external governance and media training courses. These steps have contributed to strengthening relationships between the board and executive built on constructive challenge and support. In setting the ‘tone from the top’ and living the values we have been able to further strengthen our culture and the commitment of our people.

We have made a good progress towards our Equality and Diversity goals this year - yet recognise that we would like to do even more. Our entire team remain committed to maintaining this focus to ensure we reflect the diverse nature of the communities that we serve.

Our strategy and plans remain ambitious and despite the socio-economic challenges - we continue to make progress towards our strategic goals and will continue to look for opportunities to extend our services widely both nationally and internationally in the coming year.

We are delighted that once again the hard work of the charity was acknowledged through several awards and nominations. We were finalists in three categories for the Doncaster Business Chamber and emerged as the runner up in two - for Campaign of the Year and Charity of the Year. The charity was also recognised in the South Yorkshire and East Humberside awards (SYEH) emerging as the winner for digital innovation and another for social impact.

There was further recognition for our CEO who received a national award from Charity Comms as the ‘Strategic Leader of the Year’ and a personal honour from the High Sheriff of South Yorkshire for ‘extraordinary service to the local community’. We are also proud to report that Vicki was appointed by NCVO as the co-chair of the small charity advisory panel and as the key-note speaker for Small Charities Week. She is also a member of the advisory board for schools for Youth Sport Trust, These appointments provide a platform to promote national awareness of our work and raise the profile about the of importance of sleep through connecting with decision makers and thereby feeding into government policy.

This report would be incomplete without expressing my thanks to those who support our charity. We are indebted to our existing and new supporters who have helped us achieve so much, with funding programmes, research and services that will transform the lives of our beneficiaries who struggle with their sleep.

I would also like to thank my fellow board members for their unstinting support and commitment to the charity. The board also recognises and would like to express our admiration and heartfelt thanks for the energy and dedication of our colleagues - who really are the Dream Team.”

Thank you.

Helen Michaels

Helen Michaels, Chair of Trustees

8 • thesleepcharity.org.uk • The Sleep Charity | Report of the Trustees

MESSAGE FROM OUR FOUNDER AND CEO

“ It has been another economically challenging year for many, and The Sleep Charity has felt the impact once more. The additional pressures that the cost-of-living crisis places on individuals has no doubt contributed to the increased demand we have seen for our support, sleep issues are exasperated by stress. Sadly, we have also felt the impact through a reduction in funding as the economic difficulties play out across the country. Thankfully we had planned for this and made strategic decisions to support the charity to both survive and thrive during the last 12 months. It was an honour to have this work recognised when I was presented with the national award ‘Strategic Leader of the Year’ from CharityComms.

I have continued to support other small charities where possible over the last 12 months and Co-Chair the Small Charity Advisory Panel which works closely with NCVO. It is apparent that these are testing times for small voluntary organisations like ours and I’m hugely grateful to the staff, volunteers and board for the commitment that they show to our cause.

As always, without our funders, supporters and donors we could not achieve all that we do, I would like to thank each of you for believing in our work and trusting us with your investment.”

Vicki Beevers

CEO and Founder

Our governance review work has continued under the guidance of our experienced chair, Helen Michaels. I am confident that the organisation now has outstanding levels of governance in place, providing us with solid foundations on which to build.

As well as maintaining our existing services we have continued to stay true to our values and launch innovative projects leading the way in sleep support not just nationally but also internationally. Our ADHD podcast series for adults launched just 4 weeks before the end of the financial year and gained traction incredibly quickly with over 1,000 downloads in just 5 days.

Our first national conference was also a huge success with over 200 delegates attending over two days. We were proud to host the event in our hometown of Doncaster, driving money back into our local economy. We intend to develop the conference further next year to extend our reach and impact.

The year ended with positive news from the National Lottery who are funding a new service across Lincolnshire which will be developed over the next 3 years. This will give us the opportunity to create more innovative solutions to sleep issues through the mediums of both nature and music.

10 • thesleepcharity.org.uk • The Sleep Charity | Report of the Trustees

Annual RepReport f the Trustees o rt 2020-2021 | The Sleep Charity • thesleepcharity.org.uk | The Sleep Charity • thesleepcharity.org.uk • 11

OBJECTIVES AND ACTIVITIES

OBJECTIVES AND AIMS

The objects of The Sleep Charity are:

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.

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 those suffering sleep issues can access evidence-based information and support in the heart of their communities.

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.

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.

12 • thesleepcharity.org.uk • The Sleep Charity | Report of the Trustees

Report of the Trustees | The Sleep Charity • thesleepcharity.org.uk • 13

ACHIEVEMENTS AND PERFORMANCE

“So comforting to hear your information and such an informative and lovely conversation”

CHARITABLE ACTIVITIES

We continue to be proud of our achievements, over the last year these have included:

We continued to develop our portfolio of training and were proud that our 3 new modules in our adults sleep series gained accreditation. We also launched a new programme for boarding schools.

Our current partnership with Faith PR ended in December 2023 and we established a partnership with Viva, PR company in January 2024.

Media exposure across the 12 months resulted in coverage across major news titles such as The Express, Sky News, The Sun, MSN, The Independent and the Huffington Post. TV appearances included Calendar News, Tonight programme and ITN online.

We provided one to one support to 525 families through our commissioned sleep services in Doncaster, Bassetlaw, North Yorkshire, St Helens and at Alder Hey Hospital.

An online hub for adults who have a diagnosis of sleep issues and ADHD was launched with the web page receiving 1,493 views. Seven advice sheets were created that received 2,275 downloads in total.

A series of podcasts were launched around ADHD and sleep with more than 5,000 downloads and the dedicated web page received 1,764 page views.

We secured funding from the National Lottery and strengthened our staff team by employing a Project Officer and Training Officer to deliver sleep support across Lincolnshire over the next 3 years.

We trained 331 volunteers and 912 ‘Sleep Talkers’ thanks to our two-year funded project from the National Lottery Community Foundation. This project benefitted 2, 736 beneficiaries.

Our National Sleep Helpline continued to be busy with call handlers taking 1211 calls. Satisfaction rates were 92.73% with most callers issues resolved during the first call.

14 • thesleepcharity.org.uk • The Sleep Charity | Report of the Trustees

Report of the Trustees | The Sleep Charity • thesleepcharity.org.uk • 15

We trained 587 professionals through our online training platform ensuring our work is delivered at scale. Our training gained national recognition with the highly acclaimed ‘Health Heroes’ award being presented to the charity. a Lifelong Learning Culture’

Our first national conference was a sell out with 152 delegates. We were delighted with the high calibre of speakers that we attracted including Simon Blake CEO of Mental Health First Aid England, Professor Jason Ellis and Professor Alice Gregory.

Our first membership scheme launched at the end of the year, providing those we train with continuous professional development and up to date resources.

We launched a new eBook for adults, ‘Understanding your Sleep’, this was downloaded more than 10,000 times across both digital and print friendly formats.

We engaged with over 300 children to talk about sleep and create artwork on pillowcases that was a talking point at our conference. The artwork is to be displayed at an international conference later in the year.

We captured the voice of children in our ‘What Kids Really Think About Sleep’ video shown at our conference reception.

Our research work continued with us inputting into various projects including with Bristol University, Exeter University and Northumbria University.

16 • thesleepcharity.org.uk • The Sleep Charity | Report of the Trustees

We hosted an evening reception to celebrate our work, attended by all 3 MPs from the city, the High Sherriff of South Yorkshire and the Civic Mayor. Speeches were given by Dan Fell, CEO of Doncaster Business Chamber and Bishop Sophie Jelly.

Our CEO and Deputy CEO have been invited to sit on numerous panels to share their expertise including the British Sleep Society board, the Well Schools Panel for Youth Sports Trust. Our CEO was also presented with ‘Strategic Leader of the Year’ award at the Charity Comms awards. The High Sheriff of South Yorkshire also presented her with an award in recognition for her service to the local community. The expertise of our team was once again in high demand with us providing lectures for other organisations including post graduate students at Brighton and Sussex Medical School.

BUILDING PARTNERSHIPS

FUNDING FOR OUR WORK

We are dedicated to forming strong partnerships that drive the growth and success of our charitable activities, collaborating with:

We would like to thank all of those who provide funding to support our work, we are hugely appreciative. This includes:

WAYS TO SUPPORT

The generous support of others makes our work possible. There are a number of ways you can get involved:

18 • thesleepcharity.org.uk • The Sleep Charity | Report of the Trustees

Report of the Trustees | The Sleep Charity • thesleepcharity.org.uk • 19

FINANCIAL REVIEW

FINANCIAL POSITION

RESERVES POLICY

Last year the charity focused on ensuring the governance was robust before focusing on the growth of the organisation.

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 £344,771 (2023: £514,852), of which £262,741 (2023 £452,544) were unrestricted and £256,174 (2023: £444,792) free reserves. This represents approximately 4 months of activities. Building reserves is a significant challenge in the current economic climate.

The cost-of living crisis and economic situation has also meant that it has become increasingly challenging to secure funding for our work. Identifying new income streams through membership, training programmes and corporate partnerships has been a successful strategy to date.

It is predicted that this will be another challenging financial year. Our NHS funded sleep services are at significant risk due to the increasing financial strain that our health service finds itself under.

FUTURE PLANS

The board continue to monitor the strategic plan and ensure that our work meets our charitable aims and objects. Careful consideration has been given to ensure our resources are allocated to best effect in the activities that we undertake. These will include:

To address this the board will continue to meet bimonthly to monitor finances. This will ensure that decisions can be quickly made to address any risks as they arise.

PRINCIPAL FUNDING SOURCES

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.

• Developing our membership offering

STRUCTURE, GOVERNANCE AND MANAGEMENT

INDUCTION AND TRAINING

GOVERNING DOCUMENT

OF NEW TRUSTEES

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.

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.

RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES

KEY MANAGEMENT REMUNERATION

The board have developed a remuneration committee and policy which clearly sets out arrangements around pay.

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.

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 14/12/2024 and signed on its behalf by:

Helen Michaels

Helen Michaels Chair of Trustees

20 • thesleepcharity.org.uk • The Sleep Charity | Report of the Trustees

Report of the Trustees | The Sleep Charity • thesleepcharity.org.uk • 21

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 2024.

TSC TRUSTEE ATTENDANCE AT TRUSTEE MEETING

FOR THE YEAR ENDED 31 MARCH 2024

NAME ROLE DATE OF TRUSTEE
APPOINTMENT		 NUMBER OF TRUSTEE
MEETINGS ATTENDED
Helen Michaels Chair and Trustee 6th February 2023 5/5
Dave Watson Vice Chair and Trustee 4th May 2022 4/5
Mark Dickinson Treasurer and Trustee 2nd December 2019 5/5
Matt Stanbury Trustee 6th February 2023 3/5
Sarah Goddard Trustee, resigned
25th March 2024		 6th February 2023 5/5
Juliet Ellis Trustee 14th June 2023 4/5
Dr Desaline Joseph Trustee 11th October 2023 3/3
Ian Howes Trustee 22nd February 2024 1/1

Meetings Held

RESPONSIBILITIES AND BASIS OF REPORT

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5) (b) of the Act.

INDEPENDENT EXAMINER’S STATEMENT

Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the 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

  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.

  4. 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.

Claire Docherty FCCA Smith Craven Sidings House Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU

Approved by order of the board of trustees on 14/12/2024 and signed on its behalf by:

Helen Michaels

Claire Doherty

Claire Docherty FCCA Independent Examiner Date: ........................................................................

Helen Michaels

Chair of Trustees

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Report of the Trustees | The Sleep Charity • thesleepcharity.org.uk • 23
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22 • thesleepcharity.org.uk • The Sleep Charity | Report of the Trustees

STATEMENT OF FINANCIAL POSITION

FOR THE YEAR ENDED 31 MARCH 2024

STATEMENT OF FINANCIAL ACTIVITIES

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024		 STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
NOTES
UNRESTRICTED
FUNDS (£)
RESTRICTED
FUNDS (£)
2024
TOTAL FUNDS
(£)
2023
TOTAL FUNDS
(£)
FIXED ASSETS		 STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
NOTES
UNRESTRICTED
FUNDS (£)
RESTRICTED
FUNDS (£)
2024
TOTAL FUNDS
(£)
2023
TOTAL FUNDS
(£)
FIXED ASSETS
UNRESTRICTED
RESTRICTED
2024
2023
Tangible Assets
11
6,567
2,090
8,657
9,643
INCOME AND NOTES
FUNDS
FUNDS
TOTAL FUNDS
TOTAL FUNDS
CURRENT ASSETS
ENDOWMENTS FROM (£)
(£)
(£)
(£)
Debtors
Cash at bank
12
19,021
298,562
-
91,190
19,021
389,752
64,594
671,951
Donations and legacies 2
58,685
-
58,685
204,585
TOTAL
317,583
91,190
408,773
736,545
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CHARITABLE ACTIVITIES
Training and sleep services 5
466,081
117,350
583,431
585,207
CREDITORS
Other training activities 3
30,000
-
30,000
-
Amounts falling due within one year
13
(61,409)
(11,250)
(72,659)
(231,336)
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7
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Investment Income 4
42
-
42
47
NET CURRENT ASSETS
256,174
79,940
336,114
505,209
TOTAL
~~ea~~		 554,808
117,350
672,158
789,839
TOTAL ASSETS LESS
CURRENT LIABILITIES
262,741
82,030
344,771
514,952
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EXPENDITURE ON
CHARITABLE ACTIVITIES		 NET ASSETS
262,741
82,030
344,771
514,852
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744,611
97,628
842,239
747,411
FUNDS
Unrestricted funds
15
262,741
452,544
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NET INCOME (EXPENDITURE) 189,803
19,722
(170,081)
42,428
Restricted funds
82,030
62,308
RECONCILIATION OF FUNDS
Total funds brought forward		 452,544
62,308
514,852
472,424
TOTAL FUNDS
344,771
514,852
TOTAL FUNDS CARRIED FORWARD 262,741
82,030
344,771
514,852

FOR THE YEAR ENDED 31 MARCH 2024

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

Helen Michaels Mark Dickinson

Helen Michaels - Trustee

Mark Dickinson - Trustee

24 • thesleepcharity.org.uk • The Sleep Charity | Statement of Financial Activities

Statement of Financial Position | The Sleep Charity • thesleepcharity.org.uk • 25

NOTES TO THE STATEMENT OF CASH FLOWS

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2024

NOTES 2024
(£)		 2023
(£)
CASH FLOWS FROM OPERARING ACTIVITIES
Cash generated from operations		 1 (278,383) 70,418
NET CASH (USED IN)/ PROVIDED BY
OPERATING ACTIVITIES		 (278,383) 70,418
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of tangible fixed assets
Interest recieved		 (3,858)
42		 (3,684)
47
NET CASH USED IN INVESTING ACTIVITIES (3,816) (3,637)
CHANGE IN CASH AND CASH EQUIVALENTS
IN THE REPORTING PERIOD		 (282,199) 66,781
CASH AND CASH EQUIVALENTS AT THE
BEGINNING OF THE REPORTING PERIOD		 671,951 605,170
CASH AND CASH EQUIVALENTS AT THE
END OF THE REPORTING PERIOD		 389,752 671,951
  1. RECONCILIATION OF NET (EXPENDITURE)/ INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
(£)		 2023
(£)
NET (EXPENDITURE)/INCOME FOR THE REPORTING PERIOD
(AS PER THE STATEMENT OF FINANCIAL ACTIVITIES)		 (170,081) 42,428
ADJUSTMENTS FOR:
Depreciation charges
Interest recieved
Decrease/(increase) in debtors
(Decrease)/increase in creditors		 4,844
(42)
45,573
(158,677)		 5,527
(47)
(40,033)
62,813
NET CASH (USED IN)/ PROVIDED BY OPERATIONS (278,383) 70,418

2. ANALYSIS OF CHANGES IN NET FUNDS

AT 1.4.23
(£)		 2024
(£)		 2023
(£)
NET CASH
Cash at bank and in hand		 671,951 (282,199) 389,752
TOTAL 671,951 (282,199) 389,752

26 • thesleepcharity.org.uk • The Sleep Charity | Statement of Cash Flows

Notes to the Statement of Cash Flows | The Sleep Charity • thesleepcharity.org.uk • 27

ALLOCATION AND APPORTIONMENT OF COSTS

Administrationcosts are those that assist the work ofthe charitybut do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. Theyare incurred directly in support of expenditure on the objects ofthe charityand are allocated to activitycost categorieson a basis consistent with the use of resources.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised, refer to the trustees report for more information about their contribution.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure is incurred.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION

The charity is exempt from tax on its charitable activities.

FUND ACCOUNTING

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.

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 obligationcan 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.

GOVERNANCE COSTS

Governance costs include costs of the preparation and audit of statutory accounts, remuneration to trustees for services not related to duties of being a trustee, costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

2. DONATIONS AND LEGACIES

UNRESTRICTED
FUNDS
(£)		 RESTRICTED
FUNDS
(£)		 2024
TOTAL FUNDS
(£)		 2023
TOTAL FUNDS
(£)
Donations
Grants		 13,605
45,080		 -
-		 13,605
45,080		 1,741
202,844
58,685 - 58,685 204,585

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Grants received included in income from charitable activities:

3. OTHER TRADING ACTIVITIES

UNRESTRICTED RESTRICTED 2024 2023
FUNDS FUNDS TOTAL FUNDS TOTAL FUNDS
(£) (£) (£) (£)
Corporate partnerships income 30,000 - 30,000 -
4. INVESTMENT INCOME
UNRESTRICTED RESTRICTED 2024 2023
FUNDS FUNDS TOTAL FUNDS TOTAL FUNDS
(£) (£) (£) (£)
Deposit account interest 42 - 42 47
Grants received included in income from charitable activities:
2024 TOTAL
FUNDS
(£)		 2023 TOTAL
FUNDS
(£)
Masonic Charitable Foundation
National Bed Foundation
Waterloo Foundation
Furniture Village Helpline
Doncaster Residential Project
Sleep Poverty
Rotary Club
Archer Trust
Wales Sleep Talkers
ADHD Adult
Lottery Lincolnshire Adult		 -
15,000
-
39,999
-
-
-
-
10,000
10,000
42,351		 6,248
38,998
2,400
42,062
45,000
73
460
905
-
-
-
TOTAL 117,350 136,146

6. CHARITABLE ACTIVITIES COSTS

DIRECT COSTS
(£)		 SUPPORT COSTS
(SEE NOTE 7)		 TOTAL
(£)
Training and sleep services 642,979 199,260 842,239

7. SUPPORT COSTS

5. INCOME FROM CHARITABLE ACTIVITIES

ACTIVITY 2024
(£)		 2023
(£)
Training and sleep services Training and sleep
services		 447,420 396,612
Grants Training and sleep
services		 117,350 136,146
Corporate partnerships income
~~a~~		 Training and sleep
services
~~a~~		 18,661 52,449
~~a~~ ~~a~~ 583,431 585,207
7. SUPPORT COSTS
MANAGEMENT
(£)		 GOVERNANCE
COSTS
(£)		 TOTAL
(£)
Training and sleep services 194,534 4,726 199,260
  1. TRUSTEES’ REMUNERATION AND BENEFITS

2024 2023 (£) (£) Trustees’ expenses 1,726 61 ~~=~~

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9. STAFF COSTS

The average monthly number of employees during the year was 13 (2023 - 13). Employees emoluments greater than £60,000 during the year

2024
(£)		 2023
(£)
£60,000 - 69,000 - 1
£70,000 - 79,999 1 -

Amounts paid to key management personnel during the year totalled £131,916 (2023: £73,528).

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND
ENDOWMENTS FROM		 UNRESTRICTED
FUNDS
(£)		 RESTRICTED
FUNDS
(£)		 TOTAL
FUNDS
(£)
Donations and legacies 1,741 202,844 204,585
CHARITABLE ACTIVITIES
Training and sleep services		 449,061 136,146 585,207
Investment Income 47 - 47
TOTAL 450,849 338,990 789,839
EXPENDITURE ON
CHARITABLE ACTIVITIES
Training and sleep services		 414,700 332,711 747,411
NET INCOME 36,149 6,279 42,428
RECONCILIATION OF FUNDS
Total funds brought forward		 416,395 56,029 472,424
TOTAL FUNDS CARRIED FORWARD 452,544 62,308 514,852

11. TANGIBLE FIXED ASSETS

11. TANGIBLE FIXED ASSETS
COST FIXTURES AND
FITTINGS
(£)		 COMPUTER
EQUIPMENT
(£)		 TOTAL
FUNDS
(£)
At 1 April 2023
Additions		 14,024
-		 19,189
3,858		 33,213
3,858
At 31 March 2024 14,024 23,047 37,071
DEPRECIATION
At 1 April 2023
Charge for one year		 13,220
-		 10,350
4,844		 23,570
4,844
At 31 March 2024 13,220 15,194 28,414
NET BOOK VALUE
At 31 March 2024 804 7,853 8,657
At 31 March 2023 804 8,839 9,643

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
(£)		 2023
(£)
Trade Debtors 4,160 47,861
Prepayments 14,861 16,733
19,021 64,594

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15. MOVEMENT IN FUNDS - CONTINUED

Net movement in funds, included in the above are as follows:

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
(£)		 2023
(£)
TRADE CREDITORS 862 1,874
OTHER CREDITORS 71,797 229,462
72,659 231,336
INCOMING
RESOURCES
(£)		 RESOURCES
EXPENDED
(£)		 MOVEMENT
IN FUNDS
(£)
UNRESTRICTED FUNDS 554,808 (744,611) (189,803)
RESTRICTED FUNDS 117,350 (97,628) 19,722
TOTAL FUNDS 672,158 (842,239) (170,081)

Comparitives for movement in funds:

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:.

2024
(£)		 2023
(£)
WITHIN ONE YEAR 7,000 7,000
BETWEEN ONE AND FIVE YEARS 21,583 28,000
IN MORE THAN FIVE YEARS - 583
28,583 35,583

15. MOVEMENT IN FUNDS

15. MOVEMENT IN FUNDS
AT 1.4.23
(£)		 2024
(£)		 2023
(£)
UNRESTRICTED FUNDS 452,544 (189,803) 262,741
RESTRICTED FUNDS 62,308 19,722 82,030
TOTAL FUNDS 514,852 (170,081) 344,771
Comparitives for movement in funds:
AT 1.4.23
(£)		 NET MOVEMENT
IN FUNDS
(£)		 AT 31.3.23
(£)
UNRESTRICTED FUNDS 416,395 36,149 452,544
RESTRICTED FUNDS 56,029 6,279 62,308
TOTAL FUNDS 472,424 42,428 514,852

Comparitive net movement in funds, included in the above are as follows:

INCOMING
RESOURCES
(£)		 RESOURCES
EXPENDED
(£)		 MOVEMENT IN
FUNDS
(£)
UNRESTRICTED FUNDS 450,849 (414,700) 36,149
RESTRICTED FUNDS 338,990 (332,711) 6,279
TOTAL FUNDS 789,839 (747,411) 42,428

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

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DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND
ENDOWMENTS		 UNRESTRICTED
FUNDS
(£)		 RESTRICTED
FUNDS
(£)		 2024 TOTAL
FUNDS
(£)		 2023 TOTAL
FUNDS
(£)
DONATIONS AND LEGACIES
Donations
Grants		 13,605
45,080		 - 13,605
45,080		 1,741
202,844
58,685 - 58,685 204,585
OTHER TRADING ACTIVITIES
Corporate partnerships income		 30,000 - 30,000 -
INVESTMENT INCOME
Deposit account interest		 42 - 42 47
CHARITABLE ACTIVITIES
Training and sleep services
Grants
Corporate partnerships income		 447,420
-
18,661		 -
117,350
-		 447,420
117,350
18,661		 396,612
136,146
52,449
466,081 117,350 583,431 585,207
TOTAL INCOMING RESOURCES 554,808 117,350 672,158 789,839

|EXPENDITURE
|
:
||UNRESTRICTED
FUNDS
(£)
|
:
:
|
||RESTRICTED
FUNDS
(£)
|
:
||2024 TOTAL
FUNDS
(£)|2023 TOTAL
FUNDS
(£)| |---|---|---|---|---| |CHARITABLE ACTIVITIES
Wages
Social security
Pensions
Rent and rates
Insurance
Telephone
Printing, post and stationery
Marketing and exhibitions
Sundries
Practitioner fees
Practitioner expenses
Training, travel and accomodation
Repairs and renewals
Equipment & hire
Fixtures and fittings
Computer equipment|377,391
31,228
10,779
2,923
2,489
8,005
10,793
39,508
22,672
48,135
2,686
10,907
-
5,091
935
2,756|37,500
4,992
-
-
-
408
9,831
1,106
1,558
4,100
1,113
1,771
-
3,148
-
1,154|414,891
36,220
10,779
2,923
2,489
8,413
20,624
40,614
24,230
52,235
3,799
12,678
-
8,239
935
3,910|395,451
35,080
10,175
9,702
2,288
9,470
9,240
32,849
4,467
41,170
3,922
15,637
6,769
8,810
2,091
3,166| ||576,298|66,681|642,979|590,287| |SUPPORT COSTS||||| |MANAGEMENT
Consultancy fees
Website fees
Software fees
Administration services
Subscriptions|103,492
6,408
6,036
21,213
26,438|24,269
54
6,000
-
624|127,761
6,462
12,036
21,213
27,062|127,800
3,384
6,693
11,971
3,615| ||163,587|30,947|194,534|153,463| |GOVERNANCE COSTS
Trustees’ expenses
Independent examination|1,726
3,000|-
-|1,726
3,000|61
3,600| |TOTAL RESOURCES EXPENDED|744,6111|97,628|842,239|747,411| |NET INCOME|(189,803)|19,722|(170,081)|42,428|

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Detailed Statement of Financial Activities | The Sleep Charity • thesleepcharity.org.uk • 37

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