Solas Festival
Latest income
£143k
Latest spending
£149k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a deficit of £6,661 for the year, resulting in a decrease in unrestricted reserves from £21,111 to £14,450. The trustees note that the current reserves are below their stated policy target of £20,000. Despite the deficit, the directors confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves position: below the charity's own stated policy
“Current free reserves, represented by the general fund, stand at £14,450 so that policy has not been met.” — page 5
Per FY2025 accounts as filed with OSCR.
Payments to trustees: Mark Russell received £2,000 for yoga services.
“Mark Russell, director, received £2,000 (2024 - £1,850) for yoga services provided.” — page 16
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Mark Russell, director, received £2,000 (2024 - £1,850) for yoga services provided.
“Mark Russell, director, received £2,000 (2024 - £1,850) for yoga services provided.” — page 16
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Donations include £1,800 gifted by 2 directors (2024 - £2,120, 1 director)
“Mark Russell, director, received £2,000 (2024 - £1,850) for yoga services provided.” — page 16
Per FY2025 accounts as filed with OSCR.