THE SOLA TRUST
Financial health, per its FY2025 accounts
The accounts state that total funds increased to £952,239, driven by a net increase in resources of £584,536 against charitable expenditure of £625,835. The charity relies entirely on voluntary donations, which totaled £1,188,333, to fund its grant-making activities. The trustees maintain a policy of keeping prudent cash reserves of up to £25,000 while generally aiming for low levels of uncommitted reserves.
What the accounts disclose
“For this reason, besides keeping prudent cash reserves of up to £25,000 for a short period beyond the normal grant making cycle, the Trustees generally aim to run the Trust with a low level of ongoing uncommitted reserves.”
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- SIMON HUMPHREY WESTLAND PILCHERchair
- Brian William O'Donoghue
- RACHEL MARGUERITE PILCHER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.2m | £626k |
| 31/03/2024 | £182k | £427k |
| 31/03/2023 | £360k | £516k |
| 31/03/2022 | £16k | £438k |
| 31/03/2021 | £1.1m | £381k |
Common questions
Is THE SOLA TRUST financially healthy?
The accounts state that total funds increased to £952,239, driven by a net increase in resources of £584,536 against charitable expenditure of £625,835. The charity relies entirely on voluntary donations, which totaled £1,188,333, to fund its grant-making activities. The trustees maintain a policy of keeping prudent cash reserves of up to £25,000 while generally aiming for low levels of uncommitted reserves. Its FY2025 accounts were audited by Barrow LLP.
Who funds THE SOLA TRUST?
Funders whose own accounts filings name THE SOLA TRUST as a grant recipient include THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MICHAEL AND ST GEORGE, FULWELL, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. STEPHEN WITH ST. LUKE, PADDINGTON.