SOAR COMMUNITY
Latest income
£3.4m
Latest spending
£2.3m
Registered
2005
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the group made an overall surplus of £1,141,007 for the year ended 31 March 2025, with unrestricted reserves increasing to £1,169,974. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, and the auditors reported no material uncertainties regarding going concern.
What the accounts disclose
Reserves policy: six months of running costs (held: £1.2m)
“The board calculates free reserves as the unrestricted funds balance at 31 March 2025 less funds that could only be realised by the disposal of tangible fixed assets held for charitable purposes or via disposal of an investment in associate. This gives unrestricted free reserves at 31 March 2025 of around £850,000. We believe that six months unrestricted operating costs in the coming year would equate to around £320,000. This figure does not take into account the costs of unforeseen repairs to our main charitable asset, the SOAR Works Enterprise Centre which could be extensive if and when they arise. It is for this reason we believe a higher level of free reserves than six months unrestricted operating costs should be maintained.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: P Price has a significant interest in Grimesthorpe Family Centre.
“During the year, sales of £Nil (2024: £2,070), purchases of £3,890 (2024: £Nil) and grants paid of £1,995 (2024: £Nil) were made with Grimesthorpe Family Centre, a charity which P Price has a significant interest in.” — page 44
“During the year, sales of £41,332 (2024: £40,242), purchases of £Nil (2024: £13,245) and grants of £2,000 (2024: £Nil) were made to and from Longley 4G Limited, a charity which the key management personal of SOAR Community have control over.” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Key management personnel of SOAR Community have control over Longley 4G Limited.
“During the year, sales of £Nil (2024: £2,070), purchases of £3,890 (2024: £Nil) and grants paid of £1,995 (2024: £Nil) were made with Grimesthorpe Family Centre, a charity which P Price has a significant interest in.” — page 44
“During the year, sales of £41,332 (2024: £40,242), purchases of £Nil (2024: £13,245) and grants of £2,000 (2024: £Nil) were made to and from Longley 4G Limited, a charity which the key management personal of SOAR Community have control over.” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: SOAR Enterprises Limited
“SOAR has a 100% share in SOAR Enterprises Limited. SOAR Enterprises Limited has a 50% stake in SOAR Build Limited.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£3.4m
Total spending
£2.3m
Cost of raising funds
£5k
Reserves (reported)
£1.2m
Employees
42
Trustees
- Andrew David Male
- Brigitte Kaviani
- Councillor Michael Chaplin
- ELEANOR JANE HOULSTON
- Hildah Tinashe
- Josephine Towl
- Mark Rusling
- Maxine Greaves MBE
- Simon Peter Rippon
- TALIB HUSSAIN
- Wan Ten Yap
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.4m | £2.3m |
| 31/03/2024 | £2.4m | £2.0m |
| 31/03/2023 | £1.9m | £2.1m |
| 31/03/2022 | £2.0m | £2.1m |
| 31/03/2021 | £1.6m | £1.8m |
Common questions
Is SOAR COMMUNITY financially healthy?
The accounts state that the group made an overall surplus of £1,141,007 for the year ended 31 March 2025, with unrestricted reserves increasing to £1,169,974. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, and the auditors reported no material uncertainties regarding going concern. Its FY2025 accounts were audited by Hawsons Chartered Accountants.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Point North Community Foundation | 1 | £882k |
| JOHN LAING CHARITABLE TRUST | 1 | £15k |
| MICHAEL GUEST CHARITABLE FOUNDATION | 1 | £5k |
| CHURCH BURGESSES TRUST | 1 | £3k |
| PAROCHIAL CHURCH COUNCIL OF ABBEYDALE AND MILLHOUSES | 1 | £2k |