Charity number: 1168089 HOPE2SLEEP UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HOPE2SLEEP CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees, Report Independent Examiner's Report ststement of Financial Activities 10 Balance Sheet Notes to the Financial Ststements 12-24
HOPE2SLEEP REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARI, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees C A Murphy. Treasurer T P Brown. VI Chair S Backway, Chair K Danville Charity registered number 1168089 Principal office 85 Ings Road Hull East Yorkshire HU8 OSD Chief executive officer K Hope Accountants Streets LLP Chartered Accountants Halifax House 30 George Street Hull HU13AJ Page 1
HOPE2SLEEP TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the financial statements of the Charity for the year from 1 January 2024 to 31 Dember 2024. Objectives and activities a. Policies and objectives The advancement of health by raising awareness of symptoms and the treatments available for those suffering from Sleep Apnoea and UARS (Upper Airway Resistance Syndrome) and all forms of Sleep Disordered Breathing, by providing support and advice for sufferers and carers during the process of diagnosis and treatment. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity {PB2}'. b. Strategies for achieving objectives The trustees are aware of the Charity Commission guidan on public benefit and are confident that all activities meet this guidan. c. Activities undertaken to achieve objectives Raising awareness of Sleep Apnoea. Support people who suspect they could be sufferers of Sleep Apnoea, UARS and all Sleep Disordered Breathing, including parentslcarers. Support diagnosed sufferers of Sleep Apnoea and all forms of Sleep Disordered Breathing. Supply of sleep comfort products and equipment for CPAP and non-invasive ventilator users via our online and high street shops, and at support and awareness events throughout the UK. Providing help and tips to encourage people using all fomis of CPAP and non-invasive ventilators, to ensure they remain compliant, resulting in a better quality of life and improved health. Working with sleep clinics and manufacturers to help them understand the issues many sufferers go through, so that they can better support their patients. Keep up to date with, and partake in, new research and keep patients and clinicians updated of study and research results- plus pass on other related sleep news. Assist in helping to make positive changes in the diagnosis and treatment for the benefit of both suspected and diagnosed sufferers, and in this respect we were stakeholders in the most recent updated NICE Guidelines published in 2021. Run a diagnostic home sleep study testing servi. Partners on the UK Power NeorkS Partnership Vulnerability Forum on behalf of patients needing electricity to power their CPAP, ventilators and oxygen. Provide a battery rental service to enable patients to take holidays, travel safely on long-haul flights and enjoy leisure time, despite needing power to run their CPAP and non-invasive ventilators. Provide a CPAP Rental Care Package to help diagnosed patients access treatment due to NHS long waiting lists. Page 2
HOPE2SLEEP TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance a. Main achievements of the Charty General Anaesthesia Education Many patients with sleep apnoea fa confusion and risks around safe care when needing a general anaesthetic or sedation, especially regarding the Importan to resume CPAP immediately post-op, not all clinicians are aware of the correct safe care either. To tackle this, we prioritised education this year. Dr David Dawson, consultant in anaesthesia and sleep medicine, kindly led our well-attended webinar 'General Anaesthetics in Patients with Sleep Apnoea,, aimed at both patients and clinicians. We also invested at considerable cost exhibiting at the 2-day Anaesthesia & Critical Care Show at London's Excel, raising awareness and receiving gratitude from surgical and recovery staff. We distributed and demonstrated CPAPINIV oxygen entrainment adapters to show how oxygen can be safely delivered alongside CPAP post-op. This important work is ongoing. NHS Clinic Waiting Lists There has only been a slight improvement with clinic waiting lists for both diagnosis and treatment, and many clinics still leave patients untreated for unacceptable long periods after diagnosis causing distress and worsening existing health issues. This is also a concern amongst clinicians working at the sleep clinics, and we continue to do our best to support patients through this anxious period. In this respect, we have now set up a CPAP Rental Care Package which includes remote-monitoring patients and full support until the clinics can take over. Many clinics are grateful for our servi, but even we have accumulated a waiting list as we only have funds for a specific amount of machines, and this is not a service that generates an income for the charity and it is timewconsuming, but a huge relief to patients. Collaboration with Other Charities We were pleased to help SATA (Sleep Apnoea Trust) promote their campaign for inviting patients to volunteer in their local sleep clinics, and especially in light of the struggles the over-worked clinics are experiencing. We also wrote a Sleep Guide for the British Polio Fellowship for their Fact Sheets, and particularly highlighted the raised risk of people with PPS (Post-Polio Syndrome) having sleep disordered breathing, for which the symptoms are often blamed on the PPS so the co-existing sleep disorder can remain undiagnosed and untreated. Charity Leaflets & Branding During the year, we undertook a project to enhance our branding and update our range of information leaflets, including the development of a new clinic poster in response to ongoing requests from healthcare professionals. We extend our sincere thanks to our Vice-chair, who led the majority of this work, and to Made By Flawless who generously volunteered their time and professional expertise in the design and production of these materials, which we are very proud of and they are welcomed by sleep clinics and patients alike. Page 3
HOPE2SLEEP
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance (continued)
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HOPE2SLEEP TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance (continued) Awareness, Support Events & Conferences: 'ARTP' 2024 {Association for Respiratory Technology & Physiology) Conference was closer to home this year in Harrogate and it was rewarding to see lots of sleep cliniaans picking up our new poster and leaflets to display in their clinics. Swindon's Sleep Clinic Patient Support Day was a very successful event and is always worth the long travel, seeing so many patients gratefijl for the opportunity to meet with other patients, see manufacturer and supplier displays, and receive our face-to-face support. CCHS {Congenital Central Hypoventilation Syndrome) UK Charity held a Patient Support Day near Birmingham and we were delighted to attend to offer our own support - especially to the parents with children using CPAP and non-invasive ventilation. These are just some of the in-person events we travelled to and we continued to hold and join other educational and awareness events, such as presentations to Mental Health NHS 'Talking Therapies, due to the fact it is still not well-known how untreated sleep apnoea can cause or eXarbate mental health issues. Research, Studies and Trials This continued to be an important part of our work this year and we will be publishing results next year when some of these come to an end after lots of hard work by the researchers and willingness too of patients who are always keen to participate. Charity Premises As well as our important charitable work, we always ensure to keep our building in good repair, and this year's challenge was securing funding for a new roof. Key Fund who we have our mortgage with came to our rescue with a small Iow-COSt loan, as preventing any risk of damp was top priority due to the amount of medical products we have at the charity, and we thank them for their fast response to this request. Our CEO moved into a large upstairs office which was in need of fijll refurbishment. Our Hull team and some local volunteers all completed this work themselves- often voluntarily and after-hours, on a shoestring and with outstanding results, for which many visitors are impressed! The upstairs renovation has allowed the charity to continue its crucial patient support downstairs whilst still carrying out other important work upstairs simultaneously in the other rooms. Patient Support The amount of people we support grows continuously, and bearing in mind for most people that sleep apnoea is a long-term condition needing lifetime support, this will aayS be the case. We estimate that we're currently supporting around 26,000 patients and our Private Support Group continues to grow daily with a large majority of these patients being members of our busy group. This works very well though as it is a safe place where patients can also help patients for the everyday challenges, and it is a very positive helpful community. We have patients travel to our charity from all areas of the UK several times a week, as well as local patients calling in for support or to purchase products. Our charity line is always busy, emails are constant, and we are very proud of our work, and are regularly complimented on our service by gratefrjl patients. However, whilst the Hull staff and volunteers work so hard directly with patients, we never fail to recognise and be grateful for the passion and commitment of our whole board of trustees and volunteers, as we could not provide this important work without them, in improving lives, health and well-being. Page 5
HOPE2SLEEP TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review . Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existen for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy In accordance with the guidelines issued by the Charity Commission, the Trustees have adopted a policy to ensure the Charity is able to meet all current and expected liabilities. The Trustees review the reserves annually and consider whether the current level held by the charity is sufficient for its continued operation. The Trustees, intention is for the funds of the charity to be used on aiding sufferers of Sleep Apnoea and any other sleep disordered breathing. The total reserves of the charity on 31 Dernber 2024 amounted to £180,366 (2023: £193,179), of which £179,033 (2023.. £191,579) were unrestricted and £1,333 were restricted {2023.' £1,600). Much of the charity's unrestricted frjnds consist of liquid assets with the remainder comprising fixed assets of £178,801 (2023.. £167,543). Income and expenditure have both risen at a commensurate rate in recent years due to the growth of the charity. However, the charity continues to see a positive net movement in funds each year and holds enough reserves in liquid form to be able to pay off any and all short term debts, whilst also continuing to provide aid to those with sleep disordered breathing problems, therefore showing no liquidity issues. . Principal risks and uncertainties The CIO is mindful of risks regarding the health of the people they support and do not attempt to give medical advice, and always signpost patients to receive the professional help they require. However, the advi and support they give for the comfort issues with patients on CPAP and non-invasive ventilation does help patients comply with their therapy which has a positive effect on their overall health. Due to the rapid rate at which the CIO continues to grow, the Trustees are very mindful that the staff and volunteers also need to grow in proportion, as the current staff are often stretched to capacity. We hope to address this in 2025. The majority of our fijnding comes from product sales, and in this respect we are aware we also need to acquire more external fundinglgrants, despite the fact that we are so grateful at the amount of donations that continue to be given to us from those we support- even during this cost of living crisis we are all in. d. Principal funding Income received by the charity is from 3 main income streams, being product sales, donations and grants. Page 6
HOPE2SLEEP TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and management a. Constitution The principal object of the charity is to provide advanment of health by raising awareness of symptoms and the treatments available for those suffering from Sleep Apnoea, and by providing support and advice for sufferers and carers during the prOsS of diagnosis and treatment. Hope2Sleep is a registered charity, number 1168089, govemed by a CIO Foundation dated 01 March 2016. b. Methods of appointment or election of Trustees The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the CIO - Foundation dated 01 March 2016. . Organisational structure and decision-making policies The charity is governed by the Trustees, who detemiine strategic direction and policy. The Board meets every 1-2 months. The day to day running of the charity is carried out by the Trustees and CEO and decision making is agreed at the regular Trustee Meetings. d. Related party relationships The Trustees all give freely their time and expertise without any fomi of remuneration or other benefit in cash or kind. Trustee expenses are refunded for travel, accommodation and out-of-pocket expenses when carrying out charity work, in accordance with Charity Commission's guidelines. . Financial risk management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in pla to mitigate exposure to the major risks. f. Principal activities Raise awareness of Sleep Apnoea and support suspected people through to diagnosis and treatment. Support patients, parents and carers for all fomis of Sleep Disordered Breathing Source, test, manufacture and supply comfort products to enable patients to sleep comfortably in a CPAP or non-invasive ventilator mask. Participate in researchlstudies and testing of new therapies andlor therapy accessories. Plans for future periods The charity intends to continue meeting charity objectives into the future by continuing this year's activities as described in the trustees report above. Page 7
HOPE2SLEEP
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the CIO - Foundation. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
S Backway (Chair of Trustees)
Date: 14th September 2025
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HOPE2SLEEP INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examiner's Report to the Trustees of hope2sleep ('the Charity.) report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the 2011 Act,). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)Ib) of the 2011 Act. Independent Examiner's Statement Since the Charity's gross income exeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting practi effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf 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. Signed. Andrew Manderfield FCA Dated- 18th September 2025 Streets LLP, Halifax House, 30 George Street, Hull, HU13AJ Page 9
HOPE2SLEEP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Charitable activities 15,395 668.460 15,395 668,460 26,017 568,219 Total income 683,855 683,855 594,236 Expenditure on: Charitable activities 696.401 267 696,668 571, 158 Total expenditure 696.401 267 696,668 571, 158 Net movement in funds 112,546 1267 (12,813) 23,078 Reconciliation of funds: Total funds brought forward Net movement in funds 191,579 112.546) 1,600 12671 193,179 {12,813) 170,101 23,078 Total funds carried forward 179,033 1,333 180,366 193,179 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 12 to 24 fomi part of these financial statements. Page10
HOPE2SLEEP
BALANCE SHEET AS AT 31 DECEMBER 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 8 | 178,801 | 167,543 | ||
| 178,801 | 167,543 | ||||
| Current assets | |||||
| Stocks | 9 | 100,761 | 104,538 | ||
| Debtors | 10 | 40,357 | 25,972 | ||
| Cash at bank and in hand | 32,133 | 24,212 | |||
| 173,251 | 154,722 | ||||
| Creditors: amounts falling due within one year |
11 | (95,645) | (45,326) | ||
| Net current assets | 77,606 | 109,396 | |||
| Total assets less current liabilities | 256,407 | 276,939 | |||
| Creditors: amounts falling due after more | |||||
| than one year | 12 | (76,041) | (83,760) | ||
| Net assets excluding pension asset | 180,366 | 193,179 | |||
| Total net assets | 180,366 | 193,179 | |||
| Charity funds | |||||
| Restricted funds | 13 | 1,333 | 1,600 | ||
| Unrestricted funds | 13 | 179,033 | 191,579 | ||
| Total funds | 180,366 | 193,179 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
S Backway (Chair of Trustees)
Date: 14th September 2025
The notes on pages 12 to 24 form part of these financial statements.
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HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General information As set out in the Trustees. report, Hope2Sleep CIO is a registered charity in England & Wales. The principal office of the charity is 85 Ings Road, Hull, East Yorkshire, HU8 OSD. The principal objective of the charity is the advancement of health by raising awareness of symptoms and the treatments available for those suffering from sleep apnoea, and by providing support and advice for sufferers and carers during the prOsS of diagnosis and treatment. The financial statements are prepared in sterling, which is the fijnctional currency of the entity. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordan with the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practi 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 20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair. view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practi effective from 1 April 2005 which has Sin been withdrawn. Hope2Sleep meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income reiVed for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is reiVed in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Page 12
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity- Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2A Tangible fixed assets and depreciation Tangible fixed assets costing £75 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initialty recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the following bases= Freehold propety Fixtures and fittings Office equipment Straight-line over 50 years Straight-line over 5 years Straight-line over 5 years 2.5 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowan for obsolete and slow-moving stocks. 2.6 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page13
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.8 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as adVand payments for the goods or ServIS it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability- The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.9 Pensions The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 2.10 Fund accounting General frjnds are unrestricted fijnds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted fijnds are funds which are to be used in accordan with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 14
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations 10,795 4,600 10.795 4,600 24,017 2, 000 Grants 15,395 15,395 26,017 Income from charitable activities Unrestricted funds 2024 Total funds 2024 Total funds 2023 Product sales 668,460 668,460 568,219 Page15
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Anatysis of expenditure by activities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Total funds 2023 Support for sufferers of Sleep Apnoea and related disorders 408,102 288,566 696,668 571, t58 Total 2023 329, 178 241,980 571, 158 Anatysis of direct costs Total funds 2024 Total funds 2023 Product purchases Postage & packaging Sewing ServIS Diagnostic Sleep Study 334,917 61,756 2,469 8,960 274, 634 46, 700 1,608 6, 236 408,102 329, t 78 Page 16
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Anatysis of expenditure by activities (continued) Anatysis of support costs Total funds 2024 Total funds 2023 Staff costs 184,648 17,072 2,361 1,094 2,517 10,722 20,431 3,542 5,841 2,553 2,250 23,571 5,258 1,362 5,420 1427) 351 160,247 15,522 845 3, 189 1,590 9,280 19,410 2,914 4, 683 2,369 2,380 5, 926 5,264 851 Depreciation Advertising Stationery & printing Website Telephone & computer costs Bank charges Sundry Travel Insurance Accountancy Repairs Utilities Subsisten Promotional events Rent & rates 5,266 1,974 270 Health & safety 288,566 241,980 Page17
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 167,635 13.113 3,900 146,311 10,521 3,415 184.648 160,247 The average number of persons employed by the Charity during the year was as follows" 2024 2023 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2024 2023 In the band £60,001- £70,000 The key management personnel of the charity comprise the Trustees and the Chief Executive Officer. Wages and salaries paid to key management personnel (including employers pension contributions but excluding employerfs national Insuran contribution) totalled £63,712 {2022'. £54,172). Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 December 2024, travel expenses totalling £1,127 were reimbursed or paid directly to 2 Trustees (2023 - £2,682 to 4 Trustees). Page18
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Tangible fixed assets Freehold Fixtures and property fittings Office equipment Total Cost or valuation At 1 January 2024 Additions 138.000 10.398 1,328 68,993 27,002 217.391 28,330 At 31 December 2024 138.000 11.726 95,995 245.721 Depreciation At 1 January 2024 Charge for the year 2,760 2.760 8,324 932 38,764 13,380 49,848 17.072 At 31 December 2024 5,520 9,256 52,144 66,920 Net book value At 31 December 2024 132.480 2.470 43,851 178.801 At 31 Dernber 2023 135,240 2,074 30,229 167,543 Stocks 2024 2023 Finished goods and goods for resale 100,761 104,538 Page19
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Debtors 2024 2023 Due within one year Trade debtors 6.876 13,749 19.732 1,359 4,831 19,782 Other debtors Prepayments 40,357 25,972 11. Creditors: Amounts falling due within one year 2024 2023 Bank loans Trade creditors 7,719 40,586 4,656 15,626 27,058 6, 849 20,292 4,607 250 Other tsxation and social security Other creditors Accruals & deferred income 13,328 95,645 45,326 2024 2023 Deferred income at 1 January 2024 Resources deferred during the year 7.518 10,581 7.518 18.099 7,518 Deferred income carried forward relates to sleep screening and battery hire income received in advance. 12. Creditors: Amounts falling due after more than one year 2024 2023 Bank loans 76,041 83, 760 Page 20
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Statement of funds Statement of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expenditure Unrestricted funds General Funds 191,579 683.855 (696,401) 179,033 Restricted funds Hospital Saturday Fund 1,600 (267) 1,333 Total of funds 193,179 683,855 (696,668 180,366 General funds: The general funds held are used to finan the daily operations of the charity. Restricted funds: Hospital Saturday Fund In 2022 a grant was reiVed from Hospital Saturday Fund to be used for providing a free sleep study for potential sleep apnea sufferers. Page 21
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Statement of funds {continued) Statement of funds - prior year Balance at 31 December 2023 Balan at 1 January 2023 Transfers in/out Income Expenditure Unrestricted funds General Funds 165, 756 594,236 (570, 891) 2,478 191,579 Balance at 31 December 2023 Balance at l January 2023 Transfers in/out Income Expenditure Restricted funds Covid-19 Support Hospital Saturday Fund 2,478 1,867 (2,478) (267) 1,600 4,345 (267) (2,478) 1,600 Total of funds 170,101 594,236 (571, 158) 193, 179 Page 22
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Summary of funds Summary of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expenditure General funds 191,579 1,600 683.855 (696,401) (267 179,033 1,333 Restricted funds 193,179 683,855 (696,668 180,366 Summary of funds - prior year Balance at 31 December 2023 Balance at 1 January 2023 Transfers in/out Income Expenditure General funds Restricted fiJnds 165. 756 4,345 594,236 (570, 891) (267) 2,478 (2,478) 191,579 1,600 170,101 594,236 (571, 158) 193,179 15. Anatysis of net assets between funds Anatysis of net assets between funds - current period Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets 178,801 171,918 (95,645) (76,041) 178,801 173.251 (95,645) (76.041) 1,333 Creditors due within one year Creditors due in more than one year Total 179,033 1,333 180.366 Page 23
HOPE2SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Anatysis of net assets between funds (continued) Anatysis of net assets between funds - prior period Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Current assets 167,543 153.122 167,543 154, 722 (45, 326) (83, 760) 1,600 Creditors due within one year Creditors due in more than one year (45,326) (83, 760) Total 191.579 1,600 193, tT9 16. Pension commitments The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £3,900 12023.. £3,415). Contributions totalling £nil (2023= £nil) were payable to the fund at the balan sheet date and are included in creditors. 17. Related party transactions J Hope is the husband of the CEO and an employee of the charity. During the year the total remuneration (including employers pension contributions) paid to J Hope was £35,375 (2023.. £31,962}. Page 24