COMPANY REGISTRATIOII NUMBER: 02114937 CHARITY REGISTPATION NUM8ER: 290572 SANE Company Limited by Guarantee Financial Statements 31 March 2024 FERGUSON MAIDMENT & CO. Chartered accountants & statutory auditor 167 Fleet Street London EC4A 2EA
SANE Company Limited by Guarantee Flnanclal Statements Year ended 31 March 2024 Pages Trustees, annual report (incorporating the directorfs report) Trustee5' responsibilities statement 1to13 14 Independent auditor's report to the members statement of financial activities (including income and expenditure account) statement of flnancial position 15to19 20 21 ststement of cash flows 22 Notes to the financial ststements 23to36
SANE Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Director's Reportl fconithu•dJ Year ended 31 March 2024 The trustees, who are also the directors for the purpose5 of cornpany law, present their report and the financial stslements of tha charrty for the year ended 31 March 2024. Chlol Executlve's Report Over the last 12 months the charty has made significant headway delivering the National Development Plan thich aim5 to build and increase SANE'S profile within the mental health sector, developing more of a iegional presence building the ¢harity's reach and 8ugmenting future fundraising opportunities. We are planning to extend SANE'S services in particular SANEline. lo meet escalating demand and growng our unique Call Back ptogr8mme. This could provide a template for very cost-effecb.ve interventions which would be complimentary to the overburdened NHS crisis lines and could give the charity a Jtrong platform lo create fvnded partnerships wth the NHS and other organisats'ons. This would reinforce the charity's p0551ion in fulfilling its three main aims.. Raisiny awarenes$ and campaigning to combat s98 8urrounding rnental Sllness and to iTnprov• mental health services.. Providing emotional support and speeialised strvi¢es through Ils helpllne SANEline open 365 day5 year, Email service, Textcare, Online Forum and Call Back programme., Promoting ond hosting research into the cause5 of mental illne9s and effectlveness oltrealmenls and therapies. Ral4lng •waren••¥, •ducatlon Ind flghtlng to Improve ••rylG Mental health remained al the lorefront of politlcal and media agenda8, and SANE conlribLrted lo the debate through Teypons•g lo consultations and media engagement. The Chief Executive gave around 200 Interviews across the media, commenting on a wide range of matters In traditional media. Online and increasingly on soc1al medi8. Subjects Included.. the mountlng evidence of distress and mental ill-health among young people incwaglng levels of prescription of antidepre58ants and calls for more mental health BUPPOrt in schoolg the lack of inpatient beds resulting in people needing to be Irealed out of orea and faclng long waits in A&E unacceptably long warts for talking ther8ples the impad of the natsonal partnership agreement betsveen pollce organigations and NWS England reducing involvement of pollce and leavlng people in mental health crlsls with limited support. SANE also campaigned about unsafe care in mental heatth units leading to avoidable deaths, backing the call by bereaved families for a slalulory inqulry into 2,000 deaths in mental health units in Essex. SANE responded lo consultations by the National Institute for Health and Care Ex¢ellence INICEI on the use of ketamine lor Irealment-resistanl depression and contributed lo a NICE decision on managing depression for use by clinicians. pats'ents and carers. The charity conts.nued to argue for innovative research into treatments and intervenlions for mental illness. The chBrrty continued to be a member tsfthe Mental Health Alliance and worked with other charitie5 and organisations such as Dignity in Dying on issues of mutual concem.
SANE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Icon#ftu Year ended 31 March 2024 Pn>viding emollonal Support and swcialist serYlc•¥ SANE offers emotional support, Infomiation and guidance through SANEline, Call Back Service, email support, text service and online support forum. In the last 12 months SANE has SignificanY increased f(s delivery across all frontline services. 11 provides help and wciks alongside individuals lo encourage and support their efforts lo navigate the mental h•akh System. SANEline, (founded in 19921 opened 365 day$ during the year from 4pm -10pm. The services are staffed by hi9hly trained volunteers and experienced staff. SANE'S Call Back Service was introduced In regponse to Covid 19 and hay continued to expand and offers a unique Service supporting people in limes of distre55 and isolation, providing a consistent rellable space lo move forward. SANE also offered email support, text $&rvic• and online sUPPOrt fwm. es, I h8ve not n88ded lo go lo A and E al limes because I know SANE is Ihern lo listen 8nd trven if I feel like gn0, I know that in 8 day or so, SANE'S tsxt me8s8g8s WlcOme 8nd rt s often sIgnrf0n1IY reduced my need lo go.. 'IIyou or8 gertlng down and feel like you donl have 8nyone to speak lo. Somglim8s 11881 I c8nl *speak lo family memb&rs as I may cause them stress. SANEline remo8 Ihatpressure."Above quote8 from recent feedback suryey Promotlng Ind ho•tlng rn•••rch SANE negotiated a mLrtually b&neficial agreement with the Oxlord Health NHS Foundatson Trust to host inlerdisciplin8ry team8 at POWIC IPrlnce of Wales Inlemalional Centre for SANE research) researching Innovabve treatments and therapies. The research Into bètter treatments has led to the award of a major research grant enabling POVMC to become a hub under ProfeS8OT McGuire lor a 36- centre global study for mental illness induding the use of cannats4diol for acute psychosis. Professor Rupert Mcshane I11 conduct clinical trial$ into the use of ketamine fcr treatment re515tanl depre55ion. Other teams are Involved in brain health in older adutts and the training of doctors in psychiaty.
SANE Company Limited by Guarantao Trustees, Annual Report {Incorporating the Directorfs Reportl f¢oTrttnuedJ Year ended 31 March 2024 SANE Creative Awards Schom The charity continued to develop its Creative Awards Scheme in collaboration with the Open College of the Arts, to encourage people affected by mental illness, induding carers, lo develop their creative wtential. 75 awariis were made under the fifth round of the scheme, and 417 awards have now been made in total. Four winners and four rLners- up were sele¢ted for the Charles Bracken Award established In hLMour of the lounding d1ctOr and chairman of the SANE Trustees. The Creative Award5 Scheme continued to extend its reach nalionvAde, attracting submission5 of high quality. Three awardthwinners were selected for the Royal Academy Summer Exhibition. Tho Black Dog Camp•lgn continue to ralse awareness uf mental health through our Black Dog Campaign running workshops, information standy and touring Black Dog statues visiting colleges, univers"e$ and corporate8 acr085 Ihe country. 8ANE Ambassador• Jring the year we have recrulted additional AmbaBsadors to help ralse awareness of SANE. Robin Wnd8or, 8n enthuslaslic 8UPPOrter and SANE Ambay8ador, wa8 professional dancer who had long sllnls on both Broadway and the Wesl End. He was pefhaps be$t knosvn for his lime on Strictly Come Dancing. Having long suffered wilh his own mental health issuey Robin sadly passed away in February 2024. We are cel?braling hSJ lifa thi• ygar. SANE
SANE Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Director's Report) Iconti#uedJ Year ended 31 March 2024 Overview and Strategy In 2022 SANE'S trustee¥ agreed that the funds receiv8d from an exceptlonal gacY should b designated for a Natlonal Development Plan INDPI to ¥nable SANE to signiflcantly incr8as• its prof•le and grow its services over a three-to-flvo-year period. 2Q22-2027. As part of the NDP, the chanty funded key 51ralegic roles within the fundraising, COMMUnallOnS and digital marketing team$ to broaden our regional media and soci81 media pr8sence driving rnore people lo SANE'S website, allracling new dOrr8, corporal,a partners and tharilable trusts. The or9antsalion is onlinuing lo make improvemen15 to SANE'S websrtè enhancing the experience for services user5, volunteers and $upporters as well as investing in legacy fundr8ising helping to sustain the charity's future. SANE'S volunteer workforce Is now over 70 volunteers providing 1200+ hours of one-onne contscl wrth service u$er5 and carers each month. The Call Back programme has also significantly increa88d. The SANE Croalive Arts Awards has attracted more opplicalions from across the UK including Scotland and Northem Ireland. POWC continues lo yield an income ol opproximalely £300,000 per annum and research a¢livilie8 are Providing further d138&minalion of information confirming the importance of owning our own Research Cenlre. Natlonal Dovelopm•nt Plan For 2024125 the eharty will continue lo invest in the NDP lo elevate Ils successes in the areas described in the overview. Our targ818 for the ngxt financial year include.. To increase our number of volunteers lo 100+ lo answer mor• calls by developing lafgeled c$mpai9ns r8aching a wider demograph. To develop the Call Back service and increase the number of calls sustaining people over times of crisis and those who report no other source of heb and are left on long warting lists To devglop a Remote SANElino SeNices programme building training and support for experienced volunteers who IN8 or are relocating from London to ensure we relain thèif skill and expert knowledge. To enhance our website and social media oulpuls using more service5 conlenl, including video and campaigns working effectively wrth our Ambassadors and Charnpion$ lo increasa engagement and awareness of SANE. To develop a campaign for SANE'S 40th anniv9rsary. To ensure POWC'S position in the VV8rnèford Dgvelopmenl Plan for a Brain Heatth Campus in Oxford. Marjorie Wallace CBE Chief Executive I Company Secretary
SANE Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) leonlinvedj Year ended 31 March 2024 Refer•nce and admlnlstratlve dotalls R•glst•rod charity name SANE Charity regi5tr8tlon number 296572 Company registratlon number 02114937 8th Floor 167 Fleet Street London EC4A 2EA Roglst•r•d offic• Prfnclpal offlc• Sl Mark's Studlo 14 Chillingworth Road Islington London N7 8QJ T tru•ts•s Prof Dinesh 8hugra CBE James Maecabe John Bows OBE Mark Oawson John Brewer lappoinled 16 February 20231 Robert Matthews Ichairperson from 28 April 20231 Hon Viclorla Russell (Chairperson until 27 Aprll 20231 Company •ecretsry M8ryorie Wallace CBE Auditor Ferguson Maidmpnt & Co. Chartered 8ccountant5 & Btatulory auditor 167 Fleet Street London EC4A 2EA B•nk•rn National Weytminsler Bank PLC P.0. Box 4 1 Cavendish Squore London W1A4NU
SANE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directo¢s Reportl f¢onllnuedJ Year ended 31 March 2024 Structhrei governanco and managomont SANE is a Tegislered chanty nurnber 296572 and was In¢orporated as a company number 2114937 Ilmited by guarantee in 1987. The company was established under a memorandurn which established the objects 8nd powers of the charitable company and is governed by the arty.cles of a58ociaU'on. In the event ol the company being wound up each member is required lo contribute an amount not exceeding £1.00. The chority was first establlshed by Marjorie Wallace in July 1987 because of a public outcry following the publication of a series ol Brtides in the Tlmes - The forgotten Illness. The registered offi'ce 55 8th Floor, 167 Fleet Street, London, EC4A 2EA. The charity has a wholly owned subsidiary The SANE Trading Cornpany Limited lch is registered in England and Wale8. The subsldiary company is al present dornant. Board of dlr•¢torn The directors act as Iru$leeg for the purposes of charity law, they have no financial inlerest in ihe charfly or in its subsidiary. They do not receive any remuneration for their services bul are entiued lo the reimbursement of reasonable expenses. The charity inylltuled o progrgmme for the Induthon and training of trusleeg, Ihis program Is now being run on an ongoing basi8 to meet the training requirement of the Iruslees. Qngoing Iralning for the trustees is delivered by the Chief Executive and the senior management team and there are regular presentations and updates. The board of directors is re$ponsible for the overall govemance ol ihe charlty. The board reviews strategy and opefalional performance 8nd approve operating plans and budgets. The board delegales the managernenl and administration of the charity lo the chief executive and the Senior rn8nagement learn. The chlef execullve is Te5pon$ible for the day lo day management of the charity's affalrs and fcr Implementing policies agreed by the board. The chief executive Is a member of the board and acts as the MpanY secretary.
SANE Company Limited by Guarantee Trustees. Annual Report (Incorporating th8 Directotrs Report) (contlnu¥dl Year ended 31 March 2024 Obl•etlv•s and actlvitigs The Charity's oblecllves Ihreefold.. Rai51ng awareness and campaignlng lo combat sllgma SuOund1g Tnentsl ilkness and lo Improve mental health geNices' Providing emotional support and speciallsl services through its helpline SANEline open 365 evenings a year. Emall service. Texicare and Onlints Forum., Promoting and hOSn9 research into the cau8?$ of mental illne9$ and effectiveness of treolment8 and therapies. The beneficiariey of the work of the Charity are Iho$g affected by mental heatth problerns, thelr famllies and carer5, heahh professionals and the genefal public. Other service provSders such local authorits'es, primary healthGare trusts and PTofession8ls also bene)11. The Charity aims to develop 118 8eNce in response lo the requirements and needs of u88rs, subject lo ffinancial constraint5. The Iruslee5 are contldent of the performance of the charlty In fulfilling118 three objectives by increasing its profile and Influence while delivering and developlng ils services. Publlc ben•flt A5 required by the Charty Comml98k*n the trustees have always had due regard for Ihe requirèment that the charity's aims sheuld be for the public benefit as sel out in the objecbves and 8cliviti8s and In the chlef executlve'$ report. Achl•v•m•nt8 Ind p•rfomi•ncfr The achievements and performance durfng the year are covered in the Chlel Executive'5 report.
SANE Company Limitad by Guarantse Trustee8' Annual Report (Incorporating the Directorfs Report) (¢onlfnuedJ Year ended 31 March 2024 Fln•ncial review Inv•*knent Pollcy Cash balances are held on d8PQSIt in the money market on a conseNative investment policy to earn interest and foi quick acce55 50 thal there is no risk of sustaining a Ioss. SANE has received a substantial share portfolio as part of a legacy. The share portfolio is managed by Gore Brown Investrnent Management. We meinlain a moderate fisk balanced portfolio with asset allocation across equib.eg and fixed income Jecurib'e¥. We do not hold direct inveglm•nts ill compani•$ involved in gambling. tobacco or alcohol. R•••rve• Policy The Iruslee8 maintain a ¢onseTvaUve reserye policy to ensure that long term ¢ommilments can be met in an environment where funding for mental hearth $ervi¢e$ and especially the availability of Statutory support fluctuat85 con5id8rably. Trustees also recognise the unique Importance of ensudng continuity ol Jervice provlsion vth?n provlding 8UPPOrt to people affected by mental illneys. The established policy18 to malnlain a sufficient level ol unrestricted reseNeg sc+ Ihatthere are gdequ8le fundy lo mael all current and known liabilities lor up lo fvlelve month8. ESG Pollcy The established pollcy 18 to follow the 7 prinaplej of the charity govemance code as alaled by the Charity Commiy31on Charity Govemance Code recommended praclice as far a8 practical to do go.
SANE Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Iconllnu•O Year ended 31 March 2024 Risk Man•gom•nt The trustees have a fofmal risk managefnent process to assess business rlsks and implement risk management strategies. The risks fadng the charlty are coverèd by the information in the board papers and the dlscussion of risks at board meetyngs. The prlncipal funding sources of the charity in the reporting period are from the follong.. Prale Individuals Organisations and events Companies Trusts Legacies Special ev•n18 Interest and investment income Trading activflies ol sale of Christmas Cards Black Dog RentAI Income Other Income The amount of the total lunds of the charity at the end of the reporting period was a$ lollows.. Rg¥trlcted Fund¥ 2024 Research Prince of Wales Intemgllonal Centre for ResearGh Services Research 1,229,108 38,097 82,109 1,349,314 The restricted funds include the SANE POWIC building at a valuation of £1,070,066.00. Unre•trlctsd Fund* 2024 Genev•l Re$•p405 Designatsd Funds povwc Sane Awards Scheme Development Fund 880,566 578,548 78,308 1.555,418 3,092.840
SANE Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directovs Report) (111•) Year ended 31 March 2024 Incomlng RQuIC Y••r End•d 31 March 2024 Incoming Resources 2023124 £323.975.W, 16% E171,649.91, 8% £116.939,00, 6% £78,331.11. 4% f175,665.14, £10,075.48, 1% £3,770 00. 51,528.8Z. 2% £1,145.361.99, Compèny donations Other or8anlsatlon donavons D Trusts LÈ8acie5 Christrna5 Cards 81ock Do8 Rental Income Incomlng R••ourc•• Ymr Endod 31 March 2023 Income 202212023 -£37,142 £124,239 3,713 £7,120 £B32,717 Voluntary Christma5 cards In¥estment Income Oxford 10
SANE Company Llmlted by Guarantee Trustees, Annual R8POrt (Incorporating the Dirnctorfs Report) (tIM14&) Year ended 31 March 2024 Outyoing Resour? Year Ended 31 March 2024 Expenditure 2023124 £76.464.49 £198,480.83 £29,940.35 £119,632.18 £9,013.00 £65,836.30 .[1.498.65 Governante • Flnance i Cimpil¥nln& i SCAS * FundrèisSnE w Servlces • Black Doi • POWIC Outgolng RMourc•B Y•ar Endad 31 March 2023 £12.677 Expenditure 202212023 £34,334 £173,7S9 £9,0 £138,99D E47,934 £0 Campaignlng Awards scheme * Fundraising Serviies 81ack Dog Governanoe Administration Investrnenl expense Oxford 11
SANE Company Limited by Guarantee Trustees. Annual Report (Incorporating th8 Directorfs Report) Year ended 31 March 2024 POWIC Income and Exp•ndlture 2024 2023 Incom• Rental Income 323.975 124.239 Exp•ndlturo Renl 45,900 45,900 Rates 15,344 11.778 Service Charge 18.787 18,787 Malnlenance 61,350 30.102 Ml&cellgneou$ 57,100 67,194 198,481 173,759 Surplus1{D•llclt) 125,494 149,6201 12
SANE Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Iwntlnued) Year ended 31 March 2024 Going Concarn The Charity has adequate financial resources logethef with incoming re50urc8s from numerous different aclivilies. As a consequence, the Trustees believe that the Charity is well placed lo manage its risks successfully despite the current Unrtain economic oulo)k. The Trustees have a reawnable expectstion that the Charity has adequate resourcas to continue In ¢peralion81 exislenee for the foreseeable future and continue lo adopt the going concern basis of accounbng In preparing tha annual financial ststements. Audltor Each of the persons who ts a trustee al the dale of approv81 of thi5 report confimis that.. so far as they are aware, therè is no ralevant audtt Informalir)n ol which the charity's audrtor is unaware.. and they have taken all steps that they ought lo have taken as a Iruslee lo make thèmselvos aware of any relgvanl audit informallon and to establish that the charity's auditor is aware of that information, The auditor 18 deemed to havo been re-appointed in accofdance with section 487 of the Companies Act 2006. Small compllny provl8lon# This report has been prepared in accordance with the provis*)ns applicable to comp8nie$ enliuod tts tha small CDmpanEs exernplion. The Iru8tees' annual report was approved on .13.. ¥ L .uk trustees by.. and signed on behalf of the board of Robert Mallhews Trustee 13
SANE Company Limited by Guarantee Trustees. Responsibililies Ststement Year ended 31 March 2024 The trustees. who are also directors for Ihe purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Acceplecl Accounting Pradcel. Company law requires the charity trustees to prepare financial $tatements lor each year which give a true and fair view of the state of affairs ol the charitable company and the incoming resource$ and application of resources. including the income and expenditure, for that period. In preparing these financial statements. the trusteey are required lo". select suitsble accounting policle$ and then appty them consi31enlty; obseNe the methods and princlple8 in the ap]cable Charities SORP., make judgments and accountlng e81imate3 that are reasonable and prudent. The tru8le&s are responsible for keeping adequate ac¢ountrn9 Tecords that are Sufficlenl 10 8how and xplain the charity's transactions and disclose wlh reasonable accuracy al any Ime the financlal posits'on of the charity and enable thern lo ensure that the financial statements comply with the Companles Act 2006. They are also responsible for Safeguarding the assets of the charity and hence for taklng reasonable slep8 for the prevention and deteth'on of fraud and other irregularits"e$. 14
SANE Company Limlted by Guarantee Independent Audito8 Report to the Members of SANE Year ended 31 March 2024 Oplnion We have audited the financial ststements of SANE lthe 'tharity'l for the year ended 31 March 2024 vthich comprise the statement of financial a¢livities lin¢luding income and &xpenditure accountl, statement of financial po$ition, statement of cash flows and the related notes, Including a surnmary of significant accountr'ng policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting Standard5, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practlcel. In our opinion Ihe financial st&lemenls'. give a true and fair vlew of the state of the charity's affalrs as at 31 March 2024 and of its incoming resources and applicalicn of resources, including 115 income and expendibjre, for the year then ended.. have been propedy prepared in accordance wlth Ltnlled Kingdom Generalty Accepted Accounting Practice., have been prepared in accordance wrth the requiTemenlg of the Companles Act 2006. Ba•1• for oplnlon We conducted our audit in accordance wlh Intemalional Standards on Auditing IUKI IISA8 IUKII and applicable law. OUT respon8ibilits.es under those standards are further described in the auditOT'S responsibilities for the audit of the financlal 8lalements sect10n of our report. We are Independent ol the harily in accordance vlth the ethical requirements Ihal are relevant to OUT audit of the financial slalements In the UK, including the FRC'8 Ethical Standard, and we have luLfilled our other elhi¢al reSnSibIlitieS in accord8nGe wth these requirements. We believe that the audit evidence we have obtained 1$ $Lthcienl and appropriate lo prowde a basis for our opinion. Conclu8lon8 rolatlng to golng ¢onc•m In auditing the financial statemen15, we have concluded Ihatthe trustees. use of the going concem basls of accounting In the pr•paralion of the fin8ncig18latemenls 1$ 3ppropriale. 8a5ed on the work we have perfomed, we have not identified any malerlal uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charity's abilily to continue as a going concern lor a perlod of al least thlve months from when the financial $latementS are authorised for Issue. Our re5ponsibllS1ies and tha responslbililie8 of the trustees with respect lo golng con¢em are described in the relevant sections of this report. 15
SANE Company Limited by Guarantee Independent Auditorfs Report to the Members of SANE i¢ontlnu•dJ Year ended 31 March 2024 Other Inforniatlon The other Infomation comprises the Information induded In the annual report, other than the financial 51alements and our audilorfs report thereon. The Iruslees are responsible for the other informatr"on. Our pinion on the financial statements does not ctsver the other informatson 8nd, except lo the 8xtenl otherwise explicitly stalèd in our report. we do not express any forrn of assurance conclusion thefeon. In connection with our audit of the financial slalemenls, our responsiblllty is to read the ¢lh•r infomats.on and, in doing so, con5ideT whether the other Information is materially inconsistent with the financial ststements or our knovAedge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsi51encies or apparent material misslaternenls, we are required to determine whether there is a material mis5talemenl in the financial statements or a matersal ml551alernenl of the other information. If. based on thè work we have performed. we conclude that there 18 a mat•rial misstatement ol this other information, wè are required to TePQrt that fact. We have nothing to report in this regard. Oplnions on other matter• pre8crlbtd by tho Companlos Act 2001 In our oplnion, based on the work undertaken in the course of the audit.. the information given in the tru81ee$' report for th¢ financial year for which the financial 5tatemonls are prepared is consistent wlh the financ5al slalemenls., 8nd the Irustee8' repcrt has been prepared in accordance wth applicable legal qUIreMentS. Matter on t4hl¢h w• •r• roquSred to r•port by •xc•ptlon In the light of the knoedge and understanding of the charity and its environment obtained in the Course of the audl, we haye not identified material miystslement$ in the trustees, report. We have nothing lo report in respect of the followng mterB in relation to whlth th• Companles Act 2006 requires us lo report to you il. in our opinion". gdequate accounting records have ntsl bean kept, or retums adequate for our audlt have not been received Irom branches not v1511ed by us". or the financlal Statements are not in agreement wlh the accountsng records and retums., or certain dlsclosuf8 of trustees, Temuneralion specified by law are not made.. or we have not receivod all the infoTmali¢n and explanations we require for our audit.. or the tru51ees were not entr'tled lo lake adv8ntage of the small companie5. exemptions in Preparing the diredor8' report and from the requirement to prepare a strategic Teport. 16
SANE Company Limited by Guarantee Independent Auditor's Report to the Members of SANE (conlthu•d) Year ended 31 March 2024 RegponBlbllltla• of tru¥lees Ag explained more fully In the tru8tee8' responsibllilies statement, the trustee$ (who are also the directors forthe purposes of company lawl are responsible forthe preparation of the financial statements nd for being satisfied that they give a true and fair view, and for such intemal control as the twslees determine is necessary lo enable the preparation of financial staternenls that are free from material misstaternent, whether due lo fraud or error. In preparing the financial $latements. the trustees are re5ponslble for a95e$sing the charity's ability lo continue as a gr)ing concern, discloslng, as applicable, matters related to going concern and using the going concern basis of accounllng unless the trustees either intend lo liquidate the charity or to cease apefatsons, oi have no re81islic allemalive but to do so. 17
SANE Company Limited by Guarante8 Independent Auditorfs Report to the Members of SANE IcDnllnu•dJ Year ended 31 March 2024 Auditorfs respon8lbllltl¢s for the audlt of tho Ilnancial Btatemonts Our objects.ves a lo obtain reasonable 858urance about whether the financlal stslèments as a vthole are free from material misslatemenl. ether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted In accordance wth ISAS IUKI will always detect a material mis$latement when it exists. Misstatements can an5e from fraud or error and are considefed material if, individually or in the a9gregate, they could reasonably be expe¢ted lo influence the economic decisions of users taken on the basis of these financial statemenly. Iegularities, Induding fraud, are instances ol non-compliance with laws and regulations. We design procedures in line with our re5pon$ibilities, outlined above, lo detect material mis$tatemenls In respect of irregularilie$, Including Iraud. Th8 extent lo which our procedures a ¢gpable of del&cting irregularilies, Including fravd is detailed below,. Th• •xtont to whl¢h th• •udlt was consldernd c•wible of det•cJng Irr•gularltlè8 Includlng Iraud Our approach lo idenlfying and a55essing the risks of material rnisslalemenl In respact of irregularities, including fraud and non-compliance wth law8 and regulation8, was a8 follows". the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance vllh applicable laws and regulations.. we idenlifled the laws and regulations applicable lo the Company through discussions with directors and other manag&menl, and from our commercial knowledge gnd experience ol the sector,. we focused on speclfic laws and regulations which we considered may have a direct malerlal effect on the financial 5tatemen15 or the oparalions of the Company, including the Companies Act 2006, taxation legislation and data protection. ants-bribery, employment, and he8lth and safety legislation. we asse8sed the exlent of compliance wlh the laws and regulations idenlrfied 8bove through maklng enquiries of management and inspeth'ng legal Correspondence.. and identified laws and regulations were communicated wthin the audit team regularly and the team remained alert lo Inylances of non-compliance throughout the audr(. We assessed the su8¢eplibility of the Company's financial 8talemenl$ to rnalenal misstatement, including oblalning an undorslanding of how fraud might occur., by.. making enquiries of management as lo ere they considered there was susceptibility to traud, their knedge of actual, suspected and alleged fraud. To address the risk of fraud thmugh management bias and override of ¢trol5, we.. performed analytical procedures lo idenlfy any unusual or unexpected relats'onship8', le51ed joum81 entri?$ lo identify unusual transactions., 88sessed whether judgements and assumptions made in determining the accounting estimates set out in note 3 were indicative or potential bia5', and invesllgated the rationale behind 5ignrficant or unu5U81 transactions. 18
SANE Company Limited by Guarantee Indepandent Auditorfs Report to the Mambors of SANE {contlnu6LIJ Year ended 31 March 2024 In response to the rfsk of irregularities and non-compliance with laws and regulations, we desbgned procedures which included, but were not limrted to.. obtslning an understanding of the legal and regulatory framework appllcable to the entity and how the ents.ty is complying wth that framework,. obtaining an understanding of the entity's pollcies and procedure8 and how the enllty has complied th these. through discu551on8 Bnd sample testing., obtaining an understanding of the entity's risk assessment process, Including the rigk of fraud,. designing our audit procedures to respond to our risk a85essmenl,' and performing audit testing over the risk of management overfde of controls, Includlng testing of journal entries and other adjustments for appropriateness, evaluating the busine55 rationale of signlfi¢ant transactions out8ifJ• the normal course of business and vIewIng accounb.ng estimate$ lor bias. There are inherent lirnitalions In our audil procedures described above. The more removed that laws and regulations are from financial Ir8nsaetions, the less likely it is that we would become awsre Df non- compllance. Audlting standards also limit the audit procedure5 required to identify non-compliance with laws and regulab'ons to enquiry of the directors and other management and the Inspects'ori of regulatory and legal ¢orre5pondence, if any. Material mis3talemenls Ihgt arise due to fraud can be harder lo delect than those that arise from error as they may involve dellberate conce81ment gr colluslcn. A further de¥cripts'on of our respon8ibilities for the audit of the financial slalemenls is located on the Financial Reporting Councll's bsIte al VhW.fr¢.org.uklauditorsr4Bpon3ib'lilie$. This description fonns part of our audit0S report. Us• ofour r•port Thls Teportls made solely lo the charity's members. as • body, in accordance wth Chapter 3 of Part 16 of the Companies Act 2008. Our audit work has been undertaken so that we might Stale to the charity's members those mattefs we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent pemiltted by law, we do not accept or assume responsibility lo anyone other than the charity and the charfty's member5 as a body, for our audit work, for this report. or for the opinien8 we have formed. Muhamma Saeed (Senior Statutory Auditor) For and on behalf of Ferguson Maidment & Co. Chartered accountants & Statutory auditor 167 Fleet Street London EC4A 2EA 2S.It. Z 19
SANE Company Limited by Guarantee Statement of Financial Actlvitles lincludlng income and expendlture account) Year ended 31 March 2024 2024 Restricted funds Totsl funds Total lunds 2023 Unrestricted funds Noto Incom• and endowm•nts Donation5 and leg8cles Other trading activiles Investment income Other In¢r>me 1,483.918 10,075 51,529 323,975 1,869,497 207,799 1,691,717 10,075 51,529 323,975 822,012 7,120 {33,429) 134.944 Total In¢*)m• 207,799 2,077,296 930.647 Expenditur• Expenditure on mising funds.. Cos18 of raising dcnauons and legacies Expenditure on charitable activities Other expenditure Total •xpendlturn 10 11.12 13 255,989 710.112 255.989 1.103,661 107,602 437,656 867,568 47,011 1,352,235 393,549 107,602 501,151 966,101 1,467,262 N•t Incomoll•xp•ndltur•l 1,368,346 {758,3021 610,IH4 1421,5881 Transfery between funds {929,7321 929,732 N•tmoYem•nt In fund• 438,614 171,430 610,044 1421,5881 R•conclll•llon of fvnds Total funds brought foTr¥ard Total fund• carrfed fOrrd 2,654,226 3,092,840 1,177,884 1.349,314 3.832,110 4,253.698 4,442,154 3,832,110 The statement of financial aclivlties includes all g8lng and losses recognised in the year. All income and exp8ndilure derive from contlnulng activitie8. The noteJ on pages 23 to 36 fom part of th•w flnancial statements. 20
SANE Company Limited by Guarantee Statemont of Flnancial Positlon 31 March 2024 2024 2023 Flxbd a880ts Tangible fixed a$¥ot8 Investments 17 18 1,070.066 1019,656 2.889,622 1,070,066 1.270,485 2.340,551 Currerbt amets Debtors Cash at bank and in hand 19 20,201 1,5BO.141 1,600.342 87.680 1.457,018 1.544,698 Croditorn.. amounts f•lllng du• wlthln on• y•ar Not current aB#•ts 47,810 53.139 1,662.$32 1.491,559 Totsl a8S•t• currnnt Ilablllll•• 4A42,154 3,832.110 3,832,110 Not a888t8 4042.154 Funds of Iho ¢h•rlty Ro•trlctod funds UnroBtrl¢tod funds Genergl re8ervè8 Dg$ignaled funds Total ¢harlty fund• 1,349.314 1,177,884 880.506 2,212,274 4.442,164 312.454 2,341,772 3,832,110 21 Th88e ftnanci81 statements have baen prepared in accordance vrfith tho pmwslon8 appllcable lo comp•nle8 S'eCt lo the small companig$' regime. These financial statement8 were approvod by the board of trustee8 ènd authori8ed for iswe on zai..2<4..:, and ara Signed on behalf of the boar(I by.. Robert Matthew8 TTU8tee Th• notes on 23 to 36 fomi port ofthege financl¥l 8t•t•ments. 21
SANE Company Limited by Guarante8 Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from oper4tlng •ctivitiè$ Net incomellexpendilure) 810,044 {421,5881 Adjuslmerjts for.. Dividend5, inlere8t and rents from Investments Other Interest receivable and similar income Accrued expensesl(incomel 128,3801 123,1491 600 37, 142 13,713) 14,8321 Ch8ng8s in.. Trade and other debtor8 Trade and other creditors 67,479 15,9291 620.605 {62,641> 5,394 1450.2361 Cash g•nerated from operations Interest recèlved 23,149 643,814 3,713 1446,5251 Nel cash froml{used Inl operating activities Colh flow¥ from Invojtlng a¢tlvltl•8 Dividends, Interest and rents from investment$ Purchases of other Inve¥tments Proceeds from 88le of other inve8lmenls Other investing cash flow adlustmenl Net cash fromllused inl Investing ¥ctivitie$ 28,380 1933,2951 316.643 67.581 1520.6911 137,1421 1308,8411 290,476 67.985 12,878 N•t Incr•a¥•lld•cre••el In c••h and cash •qulvalents Cash and cash oqulv•l•nts at b•glnnlng of year Cash and ca•h oqulval•nts at Ond of ye•r 123,123 1,457.018 1,580,141 1433.8471 1,890,865 1,457.018 The notes on pages 23 to 56 lorrn part olthese financial statements. 22
SANE Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General informatlon The charity is a public benefit entty and a private company Ilrniled by guarantee, registered in England and Wales and a registered charily in England and Wales. The address of Ihe registered office 15 8th Floor, 167 Fleet Street, London, EC4A 2EA. Statsmont of compllance These financial statementg hav• been prepared in cornpliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended PraclicÈ applicable lo charitie3 preparing their accounts in accordance with the Financial Reporung Standard applicable in the UK and Republic ef Ireland IFRS 102) (Charities SORP IFRS 10211 and the Companies Act 2006. Accountlng pollcl•s 8a•l• of prnparatlon The finanual statements havo been prepared on the hlstorical cost ba818, a8 rnodified by the revaluation ol certain financial assets and liabillties and investment properties méasured at faiT value throu9h Sncome or axpendilure. The financlal 91alernents are prepared in sterling, which Is the functional currency of the entity. Golng conc•rn Thera are no material uncertainties about the charity's ability to continue. Judgem•nts and k•y •ourG•• of ••tlmatlon uncertalnty The preparation of the ffinancial 81alements require5 management to make judgements. e511rnales and assumptions that affect the amounts reported. These estsmales and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are bell8ved lo be reasonable under the circumjtsncos. The trustees have identified the following critical accounting policies for whlch $ignifficant ludgemenl, eslbmates and assumptions are made. Actual resulis may differ from these estimates. lal Useful economic Ive5 of tangible asseis The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values ol asse15. The useful economic lives and residual values are re-assessed annually. They are amended when necessary lo reflect current estimates, based on technological advanGement, future inveslmenls, economic ulilisalion and thé phy&ical condition of the assets. 23
SANE Company Limitad by Guarante8 Notes to the Financial Statements (ronUDu¢d) Year ended 31 March 2D24 Accountlng pollcles (cgnlMu•dJ Pension ch•me The Charity operates a defined contribution pen8ion heMe. Contributions to defined ¢ontributson plans are recognised as an expense in the period in uthich the lated servSce 15 provided. Prepaid contributions are recogniseil as an asset lo the extent that the prepayment wll lead to a reduction in future payments or a ¢ash refund. Expenditure allocatlon The methodology of allocating expenditure to various expense calegorles is based on staff lime allocation. Conalidation Con801idated financial statements incorporating the financi318latemenls of The SANE Tradlng Company Limlted have not been prepared, since the company was dormant dufing the year. These Ilnanclal slalemenls therefore Teflect the resu115 of the charrtable company only. The finanual details ol the subsidiary company are set out in note 18. Fund ac¢ounllng Unrestricted funds are avgilable for use al the discretion of the trustees lo further any of the Charity's purposes. Designated funds are unre51rfct•d funds earmarked by the trustees for particular future project or commitment. Restricted funds are 8ubjecied to restrictions on their expenditure declared by the donororthrough tha terms of an appe81, and fall into one cf 10 $ub-clas$e$'. regtricted income funds or endowment funds. Incomlng reryour¢•• All income is included in the statement of financial activiti'es when entlement has p85sed tc Ihe charity, rt I¥ Probable that the economic benefits assoaaled wlth the transaction will flow to the charity and the arnount can be reliably measured. The follong specific pollciefj are applied lo particular categories of incorne.. incofne from donab'ons or gran18 18 recognised uthen there is evidence of entiuemenl to the gift, receipt is prt)bable and its amount can be measured reliably. legacy income is recogniged en receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in lCh case the value is derived from the cost lo the donor or the estimated resale value. Donated farAlilie5 and services are recognised in the accounts when received if the value can be reliably rneasured. No amounts are included forthe contribution of gener31 volunt8ers. 24
SANE Company Limited by Guarante8 Notes to the Financial Statements fGonthu•dJ Year ended 31 March 2024 Accountlng poll¢les icontlnu•dJ Incemlng resources (¢ontlnu•d) income from contracts for the supply of services is recognised with the d•livery of the contracted service. This Ss classified as unreslricled funds unle55 there is a conlraclual requirement for il to be Spent on a particular PUTPOSe and relumed il unspent, in which case il may be regarded os restricted. Investment income is include¢J when receivable. The value of services provided by volunteers has not been Included In the88 accounts. Incoming resource5 from charitsble trading activity are #ccounled for when eamed R•sourco0 •xpendod Expenditure Is recognised on an accruals basi5 as a Ilabilily is incurred. Expenditure includes any VAT whiGh cannol be lully recovered, and is classified under headings of the Statement of financial activities to which il relates,. expendlture on raislng funds includes the ¢osls of all fundraising actlvitres, event8, non- charitable trading aclivilies, and the Sale of donated goods. expendrture on charitable activities ineludes all costs incurred by a charity in undertaking oth'vities that further 118 charitable aim$ for the benefit of il¥ beneficiaries, including those support costs and costs relatin9 to the govemance Df the charity 8PPOrtioned lo choritable a¢livilies. other expenditure includes all expenditure that is neither related lo r81sing fund8 for the charty nor part of it$ expend+lu on charitable aclivilles. All Costs are allocated lo expenditure categories reflecting the use of the re80urce. Direct costs 8ltribulable lo a single activity are allocated direclly lo that aclivily. Shared costs are appo.one between the a¢llvilies they contribute to on a reasonable, jugtifiable and consistent basis. Operjllng l•as•* Lease payment5 are recognised as an expense over the lease tem on a straight-line basis. The aggregate benefit of lease incenlwes is recogni5ed as a reducts.on lo expense over the lease term. on a slraight-llne basis. Tanglblo •s••ts Tangible assets are initlally recorded at cost, and subsequently stated al cost less any accumulated epreciation and irnpairnient losses. Any tangible a55els Garried al revalued amount8 are recorded at Ihe fair value al the dale of revaluation less any subsequent accumulated depreciaknon and Subsequent accumulated Impairrnent losses. 26
SANE Company Limited by Guarantee Notes to tho Financial Ststements f¢ontlnuodJ Year ended 31 March 2024 Accountlng pollclo8 ieaniinueé) Tanglbl• a8$•ts (¢ontthts•d) An in¢rÈase in the cafrylng 8mount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless rt rever5e$ a charge for impairment that has previousty been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an 8s$et a$ a result of revaluation, is recognised In other recognlsed gains and losses, except lo vthich rt offsets any previous revaluation gain, in which case the loss is shown wthin other recognised gains and losses on the statement of financial activities. Fixed 8$selg wlh a value legs than £2,000 and computèr softhre are written off directly to the Statement of Financial Activitie5 In the year of purchase. Land and buildings held as investments are included in the accounts al Market Value, as defined within the AppraiBal and Valuation Standards of the Royal Instilutlon of Chartered Survfjyofs, Slxth Edition. No depreciation Ss provlded In respect of investment properties becauge they are staled 8t their open market value. The directors consider this policy necessary lo glve a true and fair view. To quantify the depTeci4llon that might otherwise have been charged would neither be practicable nor be of real value. Invmtmfrnts Unli51ed equity investments are Inrtially recorded al cost, and $ub8equenlly measured al falr value, If fair value cannot be reliably rneasured, assets are measured at cost le53 impairment. Listed investments are me88ured al folr value wlh changes in fair value being recognised In income or expenditure. Impalrrnent 01 Ilxed a88•t• A review ftsr indicators of impairment Is Carrted out at each reporting date, with the recoverable mount being eslimoted where such indicators exist. ere the carrying value exceedy the recoveTable amount, the asset iy Impaired accordingly. Prior impairments are a150 Tevlewed for P035ible reversal at each reporting d81e. For the purposes of Impaimenl testing, when il Is not possible to estimate the recoverable amount of an individual asset, an estimate is made ol the recoverable amount of the cash-generating unrt lo which the èssel belongs. The ca5h-generating unTt is the smallest identifiable group of a55els that include5 the asset and generates ¢a$h inflows that largely independent of the cash Inflows from other a88¥ls or groups ol assets. For impairment testing of goodwill, the goodwll acquired in a business combinatson 18. frctrn the acquisition date, allocated to each of the cash-generats'ng units that are expected to benefit frorn the synergies of the combination, irrespective of lthether other as$ets or liabilities of the charity are assigned to those units. 26
SANE Company Limited by Guarantee Notes to the Financial Ststements (0&) Year ended 31 March 2024 Accountlng pollclg$ Financlal In8trum•ntg A financial asset OT a financial liability is recognised only vthen the Charity become5 a party to the contractual provisions ol the instrument. Basic financial Instruments are inltially recognised at the amount receivable or payable includlng any related tTansaclion costs. Current assets and current liabilities are subsequently megsured at the cash or olheT con51deration expected lo be paid or received and not discounted. Debt instruments are subgequentty measured al 8mort18ed cost. Where investments in shares are publicly traded or th*r fair value can otherwise be measLtrtd reliabty, the Inve$lm•nt 4s subsequently measured at fair value with changes in falr value recognised in Income and expendlture. All other such investments are subsequently measured at C05t less impairment. Other financial instruments, including derivatives, are initially recognised al fair value, unleas payment for an asset Is deferred beyond normal business terms or financed al a rale of interest that 1$ not a market rate, in which case the asset is measured al the present volue of the future payments discounted at a market rale of interest for a similar debt instrument. Other financial in5tnJmenls are subsequently measured at fair value, wf(h any change5 Tecognised In the slatemenl of financlal activities, with the exception of hedging instrurnenlg in 8 designated hedging relationship. Financial as5els that are measured al cost or amort15ed c¢$t are reviewed for objective evldence of impairment al the end of each Teporbng date. If there 18 objective evidence of impairment. an impairment loss is recognised under the appropriate heading in the stslement of financial aclivrti¢8 In which the initial gain was recognised. For all equity inslrumentg regardless of 8ignffjcance, and other financial assets that are individually Significant. these are assessed individually for impairment. Other financial asset$ are either assessed Indlvldually or grouped on tho ba81$ of similar credit rlsk ch8r8Cteri8tics. Any reversals of impairment are rècognised Immediately, to the extent that the reversal does not resutt in a carrying amount of the financial a59el that exceeds what the carrying amount would have been had the impair7nent not previously been recognised. Llmlted by guarantee SANE is 8 charitable company limlted by guarantee and registered in England & Wales. and meets the definibon of a public benefit entity. In the event of the Charity being wound up, the Ilabilty in re5Ptct of the guarantee15 limited to £1 per member of the Charity. 27
SANE Company Limited by Guarantee Notes lo the Financial Stst8ments f¢onlthue¢fj Year ended 31 March 2024 Donatlon$ and1gga¢les Unrestricted Funds Restricted Total Fund* Funds 2024 Donatlonj Private individuals and legades Companies Other organi58tlons Trusts 1,183,679 116,939 78,331 104,989 1.483,918 137,103 1.320,782 116,939 78,331 175,665 70,696 207,799 1,691.717 Unre51ricted Funds Restricted Total Funds Funds 2023 Donatlon¥ Privale individuals and legacies Companies other organlsalion8 Trusts 527,914 79,645 7,028 634,942 79.645 169,340 776,899 38,085 207,425 45,113 822,012 Other trndlng ictlvltlo8 Unrestricted Totsl Fund• Unreslrlcled Total Funds Funds 2024 Funds 2023 Christmas rdS 10,075 10.076 7,120 7,120 Inv•stmont Incom• Unreslricled Total Funds Unreslri¢ted Telal Funds Fund8 2024 Funds 2023 Income from listed investments Investment income and interest 28,380 23.149 28,380 23,149 51,529 137,1421 3,713 133,4291 137,1421 3,713 51,529 133,4291 Other Income Unreslricled Totsl Funds Unreslricled Totsl Funds Funds 2024 Funds 2023 Rental income Government grants 323,975 323.975 124,239 10.705 124,239 10.705 323,975 323.975 134,944 134,944
SANE Company Limited by Guarantee Notes to the Financial Ststements {¢onthuedJ Year ended 31 March 2024 Fund transl•rn At the year end. £929,732 was transferred from unrestricted funds to eliminate various restricted fund deficits. The deficfts cleared were a5 follows.. deficrt of £668,499 in Services reStrted fvnd.. £5,243 deficit in Black Dog restricted fund and £255.990 defiGII in Fundraising Restricted fund. 10. Costs of rnlslng donatlong and leg¥clas Unrestricted Funds Restricted Totsl Funds Funds 2024 Peryonnel co¥1$ Eslablishrnent Costs Office costs 158,835 97.154 158.835 97.154 255,989 2SS,919 Unrestrlcled Funds Reslricled Total Funds Funds 2023 Personnel co$18 Establishment costs Offlee c¢$l8 55,145 13.392 10,241 251,215 61,009 46,654 358.878 306,360 74,401 56.895 78,778 437,656 11. Exp•ndltur• on ¢harltabl• actlvltl•s by fund typ• Unrestricted Funds Restricted Total Fund* Funds 2024 Awareneys and Educatlon POVMC Services Black Dog Support coots 185,468 198,481 185,468 198,481 701.099 9,013 9,600 1.103,661 701,099 9.013 9,800 393,549 710,112 Unrestricted Fund$ Restricted Total Funds Fund8 2023 Awareness and Education powc 47,934 173,759 138,990 186,924 173,759 497.885 Service$ Black Dog Support costs 497,885 9.000 9,000 230,693 636,875 867,568
SANE Company Limited by Guarantee Notss to th8 Financial Ststemonts (¢onthrh7d) Year ended 31 March 2024 12. Exp•ndlture on charltable actlvltl&$ by actlvlty typo Acllvllies undertaken direcuy Support Total fund8 costs 2024 Total fund 2023 Awarene88 and Educollon powic Services Black Dog GDvernance cost8 185,468 198,481 701,099 9,013 185,468 198,481 701,099 9.013 9,600 186,924 173,759 497.885 9,600 9,000 1,094,061 9,600 1,103,661 887,568 13. Other exndItur• Unreslricled Total Funds Unrestricted Total Funds Funds 2024 Fundg 2023 Admin18tralive c09ts Investment costs 77,862 29,940 77.662 29.940 34,334 12,677 34,334 12,677 47,011 107,602 107.602 47,011 14. Audlt¢Y8 r•mun•ratl¢n 2024 2023 Fees payable for the audit of the flnancial statements 9,600 9.000 15. 3tsff ¢osts The total staff costs and ernployee beneflt$ for the reporting period are analysed 88 follows.. 2024 2023 Wages and salanes Social security coslg Pension Cost$ 648,772 68,405 33.945 579,221 60,130 31.547 The average head Count of empltsyees during the year was 2412023.. 21). The av8rBge number of fulklime equivalent employee5 during the year is analy8ed as follow8.. 2024 24 2023 21 Average number of employees One 12023.. One) employee earned between £70,000 and £79,999 per annum in respect Df the year ended 31 March 2024 lexcluding employer pension contribulionsl, 30
SANE Company Limited by Guarantee Notos to the Financial Statements iconthu•41 Year ended 31 March 2024 16. Twuste• romungratlon and oxponsos No remuneration or other beneffts from employment wth the charity or a related entity were received by the trustees 17. Tanglbl• flx•d asset• Long Le88ehold Totsl Co8t At 1 Aprll 2023 •nd 31 March 2024 D•preclatlon At 1 Aprll 2023 and 31 March 2024 Carrylng amount At 31 March 2024 1,070,066 1.070,066 1,070,066 1,070,066 AI 31 fiAarch 2023 1,070,066 1,070,066 TanBSblo fixod a•••t• held at valuatlon Slnce 2009, when the leasehold property wag professionalty valued. the Tru¥tees have considered th• valu8tion to fairly reflect the year on year market value. A profe6sional valuer was commissioned to undertake a valuation. However. due lo continuing uncertainlieB created by the change In lease arrangements and developments in the Wameford Sile Master Plan the Trustees were 8dvised by the valuer lo relain the exi8ting valuation al £1,070,066. The W8meford Site Master Plan may invofve gigniflcanl changes lo th• owner¥hlp of the land followng a five-year lease wth no rent reviews and a potentlal relocation. 31
SANE Company Limlted by Guarantee Notes to the Flnancial Statements f¢onithuedJ Yaar ended 31 March 2024 18. In¥1•Trts Sh8res in group Other undertakings investments Total CoBt or valuatlon Al 1 April 2023 Additions Disposa15 Fair value movements 100 1,270,385 1.270,485 933,295 933,295 1316,6431 1316,6431 187,581) 167.5811 1,819.456 1,819.556 At 31 March 2024 100 Impaimiont At l April 2023 and 31 March 2024 Carrying amount At 31 March 2024 100 1,819,456 1,270.385 1,819.556 1,270,485 At 31 March 2023 100 All investments shown above are held al valuatson. 19. D•btor* 2024 2023 Trade debtors Prepayments and accrued income 1.430 18.771 20.201 88,909 18,771 87.680 20. Cr•dltor•". amounts falllng due wlthln on• ye•1 2024 2023 Trade creditors Amounts owed lo group undertaklngg Accruals and deferred income Social 5e¢urity and olher18xes Other credrtor8 20.171 100 9,600 15,348 2,591 47,810 29,913 100 9,000 14,126 53,139 32
SANE Company Limited by Guarantse Notes to the Financial Statements (Contlnued) Year ended 31 March 2024 21. Analysls of charftsbl8 fund8 Unrestrlcted funds At TranBf8rs 31 2024 At l A1 2023 Incorne Exyndiiure General Reserves D?slgnatod Fund• powc SANE Awards Scheme Development Fund 312,454 1.517,142 119,298) 1929.732} 880.566 453,054 144,144 1.744,574 323.975 1198,481) 165.8381 1217.5361 1501,1511 1929.7321 578.S48 78.308 1,S55,41B 3.092,840 28,380 2.854,226 1,869,497 Al Ti•n8fern 31 M8rch ?023 At 1 Aprfl 2022 Income Expendilur General Reserves Deglgnat•d Fund• powc SANE Awards Scheme Development Fund 354,627 731,112 1122,1131 1651,1721 312,454 495,503 184,859 1,835,412 131,310 1173.7591 453.054 147,9331 7,218 144.144 112,677} 1101,2731 1,744.574 1356,4821 1745,227> 2,654,226 23,112 885,534 2,870.401 33
SANE Company Limited by Guarantee Notes to the Financial Statements Iconthuqdj Year ended 31 March 2024 21. Analy818 of charitabl• fund¥ fcontinu¢dJ Purpoge8 of Unre5tritted and Designated Fund8 Rèsèarch - POWIC The Prince of Wales Centre POIMCISANE was a re5uII of a campaign lo raise funds t¢ build and Support an inlemats'onally recognised centre for cognllive research into the causes and treatrnenl of severe manlal illness. Sharlng knowledge and increasing people's understanding of mental illness are of SANE'S core aims, providing the e$Senal slruclure for our outcomes. SANE founded the Prince of Wales International Centre IPOWICI for SANE Research in Oxford in 2003. SANE cr•ave Aw9rds Sch•mè ISCASI SANE has a long associallon wlh the art8 and for many years held a successful awards scheme providin9 grants lo Individuals wishing lo further their artistic development. This is g designated fund for the SCAS whlch wll be available for the purp03e of making awards. financlal or olhewse lo individuals affected by mental illne88 including their famllles and c8rers, lo help them to a¢hieve their polenknal in the creative arts. Developmant Fund The development fvnd is committed over the next Ihree-flve years tc* certabn specific projects and as such is not generally available as part of the unreslrieted funds. In Year 1 12021.221 ol the Development fund, we spent £66,479." Ye8r 2 12022.231 £101,273 and this year 12023.241 our spend was £217.536. We are projecting accelerated spending over the neKt yeary. The development fund has been designated by th8 Trusl6e$ lo move foward SANE, Developrnenl Bu$ine5s Plan and pursue ils aims to.. Accelerate 115 Campaigning, wth a particular locu8 on those with severe mental illness and their families. highlighting the urgent need lo restore psychiatric beds and units, and fighting for resources for the mental health workforce and Gommunily leamy. Inuea$e Its social media presence and continue to invest in the creative fijnclionalily of 115 website. Double the number of volunteers lo 100+ for the helpline, Textcare and email servi¢es, and develop ils Call-back service to PTovide $u5tained support for people through limes of crisis or ongoing need. Attract new interdisaplinary leamg to research innovative treatrnenl$ and thwapie$ al the Prince of Wales Intemational Centre lor SANE Research. Maximiye the success of the SANE Creative Awards Scheme, opening rt to more pJlentsal reclpients.
SANE Company Limited by Guarantee Notes to the Financial Stslements f¢onthuvd) Year onded 31 March 2024 21. Analy81s of charlt•ble fundi (¢onifnyed) Rg¥Jtrlcted fund¥ Al 1 April 2023 Income Expendlture Tr8n&fer8 31 Mah 2024 POWIC Research - Neuroscience Black Dog Tribe Art Grants Services Research Fundraising 1.100,000 129,108 3,770 1,229,108 19,0131 5.243 70,696 4,225 1701,098) 668.499 38,097 82,109 77,884 1255,9901 1966,1011 255,990 1,177.884 207.799 929,732 1,349.314 Al TSfer& 31 Morch 2023 Al 1 Apr4 2022 Inccme Expondllurn POWC Re8e8rch- Neuroscience Black Dog Tribe Art Grants Services Research Fundraisin9 1,100,000 S,668 7,218 2,949 263.150 3,314 1.100,000 18.866) 17,218) 456,851 1192.2941 494,554 38,085 7,028 1497,8851 77,884 1497,8681 1995,7531 1,383,297 45,113 745.227 1,177.884 Purpos&B of Restrfctod Funds Research . POWIG The Prlnce of Wales Centre POWCISANE wag a result of a campaign lo raise funds lo bulld and Support an intemationally recognl88d centre lor cognate research into the causes and treatment of severe mental illnesB. Sor4lc8s SANE SeNlces ccmprise a telephone helpline, Textcare Service providing Informali(Jn on Support in their local area, a Caller Care Service and an Online forum. Art Grants The SANE Art Project provides grants lo sufferer$ are interested in painting. 35
SANE Company Limited by Guarantee Notes to the Financial Statements f¢onthuqdJ Year ended 31 March 2024 22. Analysls of net a88ets bolwoen lund8 Unrestricted Funds Restricted Total Fund• Fund8 2024 T8nglble fixed assets Investments Current assets 1.070,066 1,070,066 1,819,556 1,552.532 4,442.154 1.819,558 1.273,284 279,248 3,D92,840 1,349,314 Unreslricled Fund$ Reslricled Total Funds Funds 2023 Tangible fixed asset$ Investrnents Current asset¥ 1.070,066 1,070,066 1,270,485 1,491,559 1,270,485 1,383,741 107,818 1.177,884 N•t •s*•i• 2,654,228 3.832,110 23. An4ly•ls of ch•nge8 In n•t d•bl At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand Debt du• wlhin one year 1,457,018 11001 1.456.918 123,123 I,S80,141 1100} 1,680,041 123,123 24. Op•Mtlng l•••• commltment• The lotsl future minimum lease payments under non-cancellabl• operating leases are as follows.. 2024 2023 Not lateT than l year Later than 1 year and not later than 5 years Later than S years 59,005 183,600 3,213,000 59,005 183.600 3,258.900 3,501,505 3,455,606 25. P8nslon commltments Defined Contributlon Plans The amount recognised in in¢ome or expendrture as an expense in relation to defined conlribubon plans was £33.94512023.. £31,547). 36