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 s￿9￿8 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 Significan￿Y 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 $&rvic• and online sUPPOrt fwm.
es, I h8ve not n88ded lo go lo A and E al limes because I know
SANE is Ihern lo listen 8nd trven if I feel like g￿n0, I know that in 8
day or so, SANE'S tsxt me8s8g8s W￿lcOme 8nd rt s often sIgnrf￿0n1IY reduced my need lo go..
'IIyou or8 gertlng down and feel like you donl have 8nyone to speak lo. Somglim8s 11881 I c8nl *speak
lo family memb&rs as I may cause them stress. SANEline remo￿8 Ihatpressure."Above quote8 from
recent feedback suryey
Promotlng Ind ho•tlng rn•••rch
SANE negotiated a mLrtually b&neficial agreement with
the Oxlord Health NHS Foundatson Trust to host
inlerdisciplin8ry team8 at POWIC IPrlnce of Wales
Inlemalional Centre for SANE research) researching
Innovabve treatments and therapies.
The research Into bètter treatments has led to the
award of a major research grant enabling POVMC to
become a hub under ProfeS8OT McGuire lor a 36-
centre global study for mental illness induding the use
of cannats4diol for acute psychosis. Professor Rupert
Mcshane I￿11 conduct clinical trial$ 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 rL￿ners-
up were sele¢ted for the Charles Bracken Award established In hLMour of
the lounding d1￿ctOr 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, COMMUn￿allOnS and
digital marketing team$ to broaden our regional media and soci81 media pr8sence driving rnore people
lo SANE'S website, allracling new dOr￿r8, 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 $upporters as well as investing in legacy fundr8ising helping to sustain the charity's
future.
SANE'S volunteer workforce Is now over 70 volunteers providing 1200+ hours of one-on￿ne contscl
wrth service u$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 Su￿Ound1￿g 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 hOS￿n9 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 follo￿ng..
Pr￿ale 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 R￿QuIC￿ 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 Un￿rtain 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 Audito￿8 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$ition, statement of cash flows and the related notes, Including a surnmary of
significant accountr'ng policies. The financial reporting framework that ha5 been applied in their
preparation is applicable law and United Kingdom Accounting Standard5, including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally
Accepted Accounting Practlcel.
In our opinion Ihe financial st&lemenls'.
give a true and fair vlew of the state of the charity's affalrs as at 31 March 2024 and of its incoming
resources and applicalicn of resources, including 115 income and expendibjre, for the year then
ended..
have been propedy prepared in accordance wlth Ltnlled Kingdom Generalty Accepted Accounting
Practice.,
have been prepared in accordance wrth the requiTemenlg of the Companles Act 2006.
Ba•1• for oplnlon
We conducted our audit in accordance wlh Intemalional Standards on Auditing IUKI IISA8 IUKII and
applicable law. OUT respon8ibilits.es under those standards are further described in the auditOT'S
responsibilities for the audit of the financlal 8lalements sect10n of our report. We are Independent ol the
harily in accordance vlth the ethical requirements Ihal are relevant to OUT audit of the financial
slalements In the UK, including the FRC'8 Ethical Standard, and we have luLfilled our other elhi¢al
reS￿nSibIlitieS in accord8nGe wth these requirements. We believe that the audit evidence we have
obtained 1$ $Lthcienl and appropriate lo prowde a basis for our opinion.
Conclu8lon8 rolatlng to golng ¢onc•m
In auditing the financial statemen15, we have concluded Ihatthe trustees. use of the going concem basls
of accounting In the pr•paralion of the fin8ncig18latemenls 1$ 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$' report for th¢ financial year for which the financial 5tatemonls
are prepared is consistent wlh the financ5al slalemenls., 8nd
the Irustee8' repcrt has been prepared in accordance wth applicable legal ￿qUIreMentS.
Matter* on t*4hl¢h w• •r• roquSred to r•port by •xc•ptlon
In the light of the kno￿edge and understanding of the charity and its environment obtained in the Course
of the audl, we haye not identified material miystslement$ in the trustees, report.
We have nothing lo report in respect of the followng m*terB 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 dlsclosuf*8 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$latement when it exists.
Misstatements can an5e from fraud or error and are considefed material if, individually or in the
a9gregate, they could reasonably be expe¢ted lo influence the economic decisions of users taken on
the basis of these financial statemenly.
I￿egularities, Induding fraud, are instances ol non-compliance with laws and regulations. We design
procedures in line with our re5pon$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
kn￿edge 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 audit0￿S 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 fOr￿rd
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.
Con*alidation
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 ent￿lement 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 follo￿ng 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 reStr￿ted 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 ex￿ndItur•
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 A￿1 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$Sen￿al slruclure for our outcomes.
SANE founded the Prince of Wales International Centre IPOWICI for SANE Research in Oxford in
2003.
SANE cr•a￿ve Aw9rds Sch•mè ISCASI
SANE has a long associallon wlh the art8 and for many years held a successful awards scheme
providin9 grants lo Individuals wishing lo further their artistic development.
This is g designated fund for the SCAS whlch wll be available for the purp03e of making awards.
financlal or olhewse lo individuals affected by mental illne88 including their famllles and c8rers,
lo help them to a¢hieve their polenknal in the creative arts.
Developmant Fund
The development fvnd is committed over the next Ihree-flve years tc* certabn specific projects and
as such is not generally available as part of the unreslrieted funds. In Year 1 12021.221 ol the
Development fund, we spent £66,479." Ye8r 2 12022.231 £101,273 and this year 12023.241 our
spend was £217.536. We are projecting accelerated spending over the neKt yeary.
The development fund has been designated by th8 Trusl6e$ 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 Ma￿h 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
T￿Sfer& 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