Charity Accounts Intelreading the accounts so you don’t have to

SOLACE COMMUNITY

Registered charity 1061402 · accounts filings on the Charity Commission register · also known as CHILDREN OF FAITH, FATHERS PRAYERS, MOTHERS PRAYERS

We set up and assist small prayer groups for mutual support, prayer and fellowship of mothers and children.

Causes: General Charitable Purposes · Religious Activities · website · Get email alerts

Latest income
£26k
Latest spending
£54k
Registered
1997
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net expenditure of £27,581, resulting in a decrease in total funds from £894,290 to £866,709. The trustees note that expenditure was materially in excess of income, primarily due to repair works on Star House, but remain confident in the charity's ability to continue operating. Free reserves were reported at £9,829, which is below the stated policy target of £10,000.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Donations and gifts (75% of income)
“Donations and gifts 19,746”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: £10,000 of free reserves available at any time (held: £10k)
“The Charity's reserves policy is to keep £10,000 of free reserves available at any time.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Trustees are confident, based on the expected lower level of expenditure, the continued willingness of donors to help in meeting exceptional expenditure and the possibility, if needs be, of raising money by selling land or borrowing money secured on it, that the charity has sufficient funds and resources to enable it to meet its objects and financial requirements. For this reason, they continue to adopt the going concern basis in preparing the financial statements.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Property (HM Land Registry)

3 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
05/04/2025£26k£54k
05/04/2024£24k£38k
05/04/2023£50k£34k
05/04/2022£60k£97k
05/04/2021£65k£27k

Common questions

Is SOLACE COMMUNITY financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £27,581, resulting in a decrease in total funds from £894,290 to £866,709. The trustees note that expenditure was materially in excess of income, primarily due to repair works on Star House, but remain confident in the charity's ability to continue operating. Free reserves were reported at £9,829, which is below the stated policy target of £10,000. Its FY2025 accounts were independently examined.