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 De￿mber 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 Ne￿orkS 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)** 

**Page4** 



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 eXa￿rbate 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 a￿ayS 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 De￿rnber 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 advan￿ment 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 prO￿sS 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: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles of the Charities SORP (FRS 102); 

- make judgments and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; 

- 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 

Page 8 



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 ex￿eded £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<br>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. 

Page 11 



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 prO￿sS 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 re￿iVed for specific purposes but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is re￿iVed 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 adVan￿d payments for the goods or ServI￿S 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 ServI￿S
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 De￿rnber 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 re￿iVed 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