SLEAP
Support & lodgings for young people
Financial health, per its FY2025 accounts
The accounts state that SLEAP reported a loss of £59,060 for the year ended March 2025, resulting in a decrease in net assets from £157,267 to £98,207. The charity relies heavily on donations and fundraising, with no secured grants remaining after the core grant ended. The trustees maintain a reserves policy aiming to hold 25% of annual costs (three months' expenditure) as unrestricted reserves.
What the accounts disclose
“SLEAP will aim to hold 25% of annual costs as unrestricted reserves. This is equivalent to 3 months expenditure.” — page 24
Register events
- Received assets from another charity (19/01/2021)
Trustees
- Elizabeth Hamiltonchair
- Anthony Joseph Matthews
- Derek Harborne
- Emma Foxall
- James Harris
- TIM GROSE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £62k | £121k |
| 31/03/2024 | £208k | £160k |
| 31/03/2023 | £169k | £163k |
| 31/03/2022 | £133k | £115k |
| 31/03/2021 | £132k | £121k |
Common questions
Is SLEAP financially healthy?
Per its FY2025 accounts: The accounts state that SLEAP reported a loss of £59,060 for the year ended March 2025, resulting in a decrease in net assets from £157,267 to £98,207. The charity relies heavily on donations and fundraising, with no secured grants remaining after the core grant ended. The trustees maintain a reserves policy aiming to hold 25% of annual costs (three months' expenditure) as unrestricted reserves. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 26/01/2021 | £335k | SLEAP - Brighter Futures |
| UK government | 03/07/2020 | £59k | Coronavirus Community Support Fund |