CHARITY REGISTRATION NUMBER . 1154963 CEO SLEEPOUT CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CEO SLEEPOUT CIO ACCOUNTS YEAR ENDED 31 MARCH 2024 CONTENTS PAGE Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Balance sheet Notes to the accounts
CEO SLEEPOUT CIO LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2024 The trustees Mr Ali Mr Tunley Registered charlty name CEO Sleep)ut CIO Charity registration number 1154963 Independent Examiner Nunns AcLX)unting Servi(Ys Ltd 50 Micklega Nunns AcLx)unti Selby, England Y08 4EQ Bankers Handelsbanken First Floor l Eggleston Court Riverside Park Middlesbrough TS2 IRU
CEO SLEEPOUT CIO TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The trustees present their resK>rt and the financial statements for the year ended 31 March 2024. The accounts have tten Prepared in accordance with accounting p)licies set out in note I to the accounts and comply with the Charity's governing documenL th¢ charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102), (as amended for accounting periods commencing from l January 2016). Ob"ectives and aettvittes The objective of CEO sleeUt Cio, which is outlined ID the Constitution of the CIO dated 10 December 2013 is to relieve povety and need for homeless and providing grants and support to organisations or agencies to help those who gre homeless or in p)vety. nificaDt activities The charity's significant works include planning. rruIting. marketing and delivering fundraising events for busin¢ss executives who sleKp outd(M)ts for one night to raise sponsorship from - or make donations from their business¢4 busine&8 contacts and friends. These ¢v¢nts are nationwide, covering the following cities in the financial year l April 2023 - 31 March 2024. 2024 CEO Sleep)ut Northumberland CEO Sleepout Middlesbrough CEO Sleep)ut Kent CEO Sleepout Harrogate Big Mcsleepout Big Sununer Sleepout CEO Sleepout Oxford CEO Sleepout Manchester CEO Sleepout Sunderland CEO Sleepout Nottingham CEO Sleepout London CEO Sleepout Bristol CEO Sleepout Binningham 2024 CEO Sle¢pout NewcastIe CEO Sleepout Kent CEO Sleepout Middlesbrough Stsff The charity is run operationally by one full-time employee (CEO).
CEO SLEEPOUT CIO TRUSTEES. ANNUAL REPORT (cMUn YEAR ENDED 31 MARCH 2024 Volunteers The charty is supported by the voluntary efforts of Irustees and their respective businesses. No trustee has ever claimed expenses or reimbursements in lieu of actual money spent or time incurred. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activrties the chaiity should undertake Achievements and performance. The charity also enlists volunteers to 8UPPOrt with the following ath'vrties.. Administration Recwitment Photography and video services Fundralsing aclivitios The charity's fundraising has come in two forms: signfficant donations by individuals and businesses and from the organisation and implementation of CEO sleepout events. We have made numerous financial grants during the year to organisations representing the objectivesof the charity and meeting the relevant criteria. These were based in the geographical areas of the sleepoul events and more locally. A full breakdown of recipients and the amounts of the individual grants made are detailed in the accounts. Against a backdrop of rising homelessness. a housing crisis and stark inequalty, CEO Sleepout has exceeded its 2024 fundraising target and achieved its aim of granting a higher proportion of funds out to charrties working on the frontline of hardship, hunger and homelessness. Financlal revlew The Irustees have set a reserva policy $0 that unre6trFcted fund8, not committed or invested in tangible fixed assets, held by the charity should be at least 6 months of the resources expended. The trustees have assessed the major risks to which the charty is exposed and are satisfied that systems are in place lo mrtigate exposure to the major risks.
CEO SLEEPOUT CIO TRUSTEES. ANNUAL REPORT (eontsn YEAR ENDED 31 MARCH 2024 Structurn, governance and management The charty is governed by its CIO Deed. daled 10 December 2013, and under this deed is constituted as a Charilable Incorporated Organisation (CIO). The trustees who served during the year and up to the date of sunature of the financial statements were: Mr A L Preston Mr N Tunley MrAAIi Trustees are approached to join on the following range of criteria and after discussions are then invited to join the board. -Professional stsnding -complimentary skill set to other twslees -Interest in homelessness -cooperative and helpful nature ' report was approved by the Board of Trustees. tru le Trust Date
CEO SLEEPOUT CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CEO SLEEPOUT CIO YEAR ENDED 31 MARCH 2024 I report to the trustees on my examinatson of the financial ststements for the year ended 31 March 2024 which are set out on pages 6 to 16. RESPECTIVE RESPONSIBILMES OF TRUSTEES AND EXAMINER The trustees of the charity are responsible for the pieparation of the accounts in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report on the examin8tion of the Charity's financial ststements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all applicable DirectK)ns given by the Charity Commission under seth'on 145(5)(b) of the 2011 Act. BASIS OF INDEPENDENT EXAMINER'S REPORT Since the charity's gross income usualty exceeds £250.000, your examiner must be member of a body listed in section 145 of the 2011 Act. I confinn that l am qualifEd to undertake the examination because l am a member of the Association of Chartered Certffied Accountants, which is one of the listed bodies. I have completed my examination. I confimi Ihat no 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 respe of the charity as required by section 130 of the 2011 Act. or 2 - the financial statements do not accord to those records" or 3 - the financial statements do not comply with the applicable requirements conceming the fom and content of the 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 ¢onGems and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper underslanding of the financial ststements to be reached. Nunns Accounting Services Ltd 50 Micklegate Nunns Accountin& Selby, England Y084EQ Date
CEO SLEEPOUT CIO STATEMEKf OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 Total Funds Total Funds 2024 2023 INCOMING RESOURCES Incoming resourc from generating fimds: Activities for generating funds Incoming resourc¢s from cbaritable activities Interest Income 764.002 598,692 3,618 767.620 TOTAL INCOMING RESOURCES 598,692 RESOURCES EXPENDED Charitable activities Governance costs (48&442) (358,965) (141.199) (138.070) (629,641) (497.035) 137,979 101,657 TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES FOR THE YEAR RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 250,478 388.457 148,821 250,478 All of the above amounts relate to continuing activitios. All funds during the year were unrestricted.
CEO SLEEPOUT CIO BALANCE SHEET 31 MARCH 2024 2024 2023 FIXED ASSETS Tangible assets Investments 170 171 CURREKf ASSETS Debto Cash at bank &70 393.485 394J55 870 254.676 CREDITORS: Amounts falling dlle wltbin one year 255,546 10 (5,899) (5.239) NET CURRENT ASSETS 388.456 250,307 TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS 388,457 3W457 250,478 250,478 FUNDS Unrestricted income funds TOTAL FUNDS 11 388,457 388.457 250,478 250,478 Th ts were appr by the trustees on 09 January 2024. ey Trust
CEO SLEEPOUT CIO NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Charity Information CEO Sleepout CIO is a Charitable Incorporated Organisation in England and Wales. The registered office is Boho Four. Gibson House, Cleveland Street, Middlesbrough, TS2 1AY. 1.1 Accounting convention The accounts have been ppared in accordance with the Charity's Constitution, the Charities Act 2011 and 'Accounb"ng and Reporting by Charities: Statement of Recommended Prath'ce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016). The charty is a Public Benefft Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are ppared in sterfing. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical costs convention, modffied to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial ststernents, the trustees have a reasonable expectation that the charity has adequate resources to continue operational existence for the foreseeable future. The ongoing impacts of Covid have been considered and the trustees continue to adopt the going concern basis of accounting In preparing the financial ststements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. 1.4 Incomlng resources Income is recognised when the charity is legally entrtled to it after any perfonnance condrtions have been met, the amounts can be measured reliabty, and it is probable that ncome will be receNed. Cash donations are recognised on reipt. Other donations are recognised once the charity has been notffied of the donation, unless perfomiance condrtions require deferral of the amount. Income tsx recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending distribution. the amunt is known, and receipt is expected. If the amount is not known, the *acy is treated as a contingent asset. 1.5 Grants payable Grants payable are accounted for when paid. Grants payable are payments made to
third parties in the fvrtherance of the charitable objects of the charty. CEO SLEEPOUT CIO NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2024 1.6 Resources expended Expendrture is accounted for on an accruals basis and has been classffied under headings thal aggregate all costs relating to that category. Ipthere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources 1.7 Tanglble flxed a88ets Tangible fixed assets are initially measured at costs and sub8equently measured at costs or valuation, net of depreciation and any impaim)ent losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold property Over the lrfe of the lease The gain or loss arising on the disposal of an asset is detennined as the difference between the sale proceeds and the carrying value of the asset and is recognised In net incomel{expenditure) for the year. 1.8 Flx•d asset inve8trn•nts Fixed asset investments are inrtialty measured at transaction price excluding transaction costs and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in nel incomel(expenditure) for the year. Transacts'on costs are expensed as incurred. A subsidiary is an entty controlled by the charity. Control is the power to govem the financial and operating policies of the entity so as to obtsin benefits from it's activities, 1.9 Impaimlent of fixed assets At each reporting end date. the charity reviews the carrying amounts of its tsngible assets to determine whether there is any indication that those assèts havo suff•rgd an impairment loss. If any indication exists. the recoverable amount of the asset is estimaled in order to determine the exte of the impairment loss (if any). 1.10 Cash and cash equfvalents Cash and cash equivalents include cash in hand, d8posts held at call with banks other short-term liquid investments with original maturiti'es of three months or less. and bank overdrafts. Bank overdrafts are shown within bom)wings in current liabilities. 1.11 Financial instruments The charty has elected to appty the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intents'on to settle on a net basis or to realise the asset and settle the liabilty simultaneously.
CEO SLEEPOUT CIO NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2024 Basic financial assets Basic financial assets. whith include debtors and cash and bank balances, are initia51y measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic flnancial Ilabilities Basic financial liabilities. induding ueditors and bank loans are initialty recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a Maet rate of interest. Financial liabilities classtfied as payable within one year are not amortised. Debt instruments are subsequentty carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year of less. If not. they are presented as non-current liabilities. Trade creditors are recognised inibalty at transaction price and subsequently measured at amortised cost using the effectN8 interest melhod. Derncognltion of flnanclal liabllltles Financial liabilities are derecognised vthen the charitls contractual obligations expire or are discharged or cancelled. 1.12 Employ0• benefits The cost of any used holiday entitlement Is recognised in the period in which the employee's services are receNed. Termlnation beneffts are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide tem)ination beneffts. 1.13 Retirement benefits Payments to defined contribution retirement benefft schemes are charges as an expense as they fall due. Critical accountlng e8tlmatsS and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other Sour$. The estimates associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are revthved on an ongoing basis. Revisions to accounting estimates are recognised in the period in whKh the estimate is revised where the revision affects onty that period. or in the perd of the revision and future periods where the revision affects both current and future periods. io
CEO SLEEPOUT CIO NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2024 INCOMING RESOURCES FROM ACTivrriES FOR GENERATING FUNDS Unrestricted Total Funds Total Funds Funds 2024 2023 CEO Sleepout events 764.oin 761002 598,692
CEO SLEEPOUT CIO NOTES TO THE ACCOUNTS (Continued) YEAR ENDED 31 MARCH 2024 COSTS OF CHARrrABLE AlEs Unrestricted Total Funds Totsl Funds Funds 2024 2023 Salaries and wages Depreciation and Impairnient Admin Support Donations Marketing and PR Cost of CEO Sle¢pout events Ind¢p¢ndent examinels fees 64.114 170 50J38 77,919 291 20,624 74 15,507 22,335 1,320 24,099 1,138 lJ40 141,199 488,442 138,070 Grant funding activities (see note 5) 358,965 5. Grants Payable ran Grants to charitles and institutons.. ACCA Alnwlck Garden Away Out 8amabas Manchester Bamaby Safe and Sound Billingham and Stockton Foodbank Bamabas S&S Borderline Boro Angels CDCF Dadington Changing Lives Change Please Changes UK CIC Charity Begins at Home Coffee 4 Craig Community Grocery NE Hub Charty Boxing Match Cricket Club London Clffton Rugby Dear Albert 600.00 3,200.00 500.00 6,000.00 5.000.00 3,200.00 1.000.00 600.00 15,000.00 0.10 1,000.00 4,000.00 1,500.00 5,000.00 11,686.91 23,522.68 24.272.88 2,CQO.00 51JO.00 8.282.98 1,106.18 3,000.00 1.000.00 12
DEC Depaul UK DMFS DMP Arena Trading Doofways Middlesbrough Emmanuel House First Stop Darlington Focus 4 Hope Footprints in the Communty Foundation of Light Free to Fly Haircuts 4 Homeless Hartlepool Foodbank Harrogate Foodbank Help Bristol's Homele&8 Homeless Charter Homeless Hampers Homestart HRUFC Justi Kings Church Darlington LCC at Llneham Farm LCF Leeds Castle Lords Man Health MFC Foundation Middlesbrough Foodbank MK Bus Shelter MK Foodbank Northumbria Citizens Advice Notts County Foundation NUF OAPA Oxford Homeless Movement People's Kitchen Pompey in the Communty Porchlight Portman House Trust (last years event) Red Sky Foundation RDHP Recovery Connections Redcar Foodbank Ripon YMCA RMHCUK Saltburn f¢)odbank Salvation Amiy Shelter Simon on the Streets 4,000.00 14,500.00 3.500.1)0 3,548.70 3,000.00 500.00 11.727.75 9.000.00 1,c0.00 500.00 4.999.83 3,500. 5,000.00 750.00 7,776.25 500.00 6,000.00 8,000.00 1,000.00 10,000.00 2,970.(N3 17.262.00 5CK).00 2.500.00 5.000.C 2.000.00 750.00 2,000.00 S.(KJO.00 3.500.00 5.0()J.00 3.(WJO.tX) 15,000.00 1,000.00 10,744.24 5,125.07 1,000. 11,727.75 12,250.00 23,781.64 63,736.49 1.000.00 8,500.00 25,000.00 5,000.00 3.857.16 1.000.00 1,500.00 750.00 5,000.00 3,175.76 5,000.00 400.00 7,776.25 24,624.77 40,000.00 23,880.00 11.430.72 15,000.00 2,500.00 6.000.00 750.00 2,000.00 1.500.00 13
Street Soccer Foundation St Anne's Communty Servi St Mark's MK Staying Put Leeds Sunderland Soup lfjtchen step by step Sutton Nightwatch TA CIO Tees Valley Together Te8sthrive The Big Issue Foundation The Billy Chip The Bede Foodbank The Bridge The Cyrenians The Friary The Life House The Teessid8 Charity The Salvalion Army TFiAC UK Two Saints Tigers Foundation White Feather Project 500.00 1.500.CK) 7,089.96 10.000.00 2,000.00 2,500.00 2.000.00 1,500.00 500.00 1,000.00 2,000.00 6,000.00 10,000.00 1,000.00 1,000.00 25,958.59 7.776.25 11,727.75 1,500.00 25,000.00 500.00 500.00 1.500.LX) 1,500.00 11,508.00 500.00 42,943.32 14.350.90 10,232.12 27,574.00 YMCA MK Youth Experience in Sport 5,000.00 368,965.16 14
CEO SLEEPOUT CIO NOTES TO THE ACCOUNTS {Continued) YEAR ENDED 31 MARCH 2024 STAFF COSTS AND EMOLUMENTS Total staff costs were as follows: 2024 2023 Wages and salaries Social security costs Other pension costs 60,453 72,990 2,798 2,131 3,661 64,114 77,919 Particulars of employeas: The average number of employees during the year, calculated on the b&sis of full-time equivalents, was as follows: 2024 2023 No employee received remuneration of more than £60.0(K) during the year (2023 - 1). TANGIBLE FIXED ASSE15 Equipment COST At l April 2l123 and 31 March 2024 1,164 DEPRECIATION At l April 2023 Charge for the year At 31 March 2024 994 170 1.164 NET BOOK VALUE At 31 March 2024 At 31 March 2023 170 15
CEO SLEEPOUT CIO NOTES TO THE ACCOUNTS (Continued) YEAR ENDED 31 MARCH 2024 VFSTMENfS Movement in market valu¢ 2024 2023 Market value at l April 2023 Market value at 31 March 2024 Historical cost at 31 March 2024 Analysls of IDveslments at 31 Mareh 2024 between hnds Totsl Funds Total Funds 2024 2023 Other investments Fixed asset investments DEBTORS 2024 2023 Prepayments 870 870 10. CREDITORS: Amounts falliDg dlle wltbin one year 2024 2023 Other creditors Trade creditors Accruals and deferred income 3,079 660 2160 3,079 2,160 5,239 $899 11. UNRESTRIcfED INCOME FUNDS Balance at l April 2023 Ineoming Balance at resources 31 March 2024 General Funds 250,478 137,979 388,457 16