SLEAP
Support & lodgings for young people
Objects
THE OBJECTS OF THE CIO ARE FOR THE PUBLIC BENEFIT:THE RELIEF OF POVERTY OF YOUNG PERSONS IN LANCASHIRE WHO ARE IN CONDITIONS OF NEED, HARDSHIP AND DISTRESS BY THE PROVISION OF TEMPORARY ACCOMMODATION BASED ON THE EXPRESSION OF THE CHRISTIAN FAITH THROUGH CARE, COMPASSION AND RELEVANT PRACTICAL AND SPIRITUAL HELP AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT
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
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
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 | 09/03/2026 | £19k | SLEAP staff support |
| The National Lottery Community Fund | 26/01/2021 | £335k | SLEAP - Brighter Futures |
| UK government | 03/07/2020 | £59k | Coronavirus Community Support Fund |