Charity number: 1061402
SOLACE COMMUNITY
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
SOLACE COMMUNITY
CONTENTS
| Page | |
|---|---|
| Reference and administrative details ofthe Charity, its Trustees and advisers | 1 |
| Trustees’ report | 2-6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notestothefinancialstatements | 10-18 |
SOLACE COMMUNITY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025
Trustees
Ruth Pallister, Trustee Victor Harvey, Trustee Anne Scripture, Trustee Veronica Williams, Trustee
Charity registered number
1061402
Principal office
Star House, Star Hill Road, Dunton Green, Sevenoaks, Kent, TN14 6HA
Accountants
Crowe U.K. LLP, Medway Bridge House, 1 - 8 Fairmeadow, Maidstone, Kent, ME14 1JP
Page 1
SOLACE COMMUNITY
TRUSTEES' REPORT FOR THE YEAR ENDED5 APRIL 2025
The Trustees present their annual report together with the financial statements of the Charity for the 6 April 2024 to 5 April 2025.
The Trustees confirm that the Annual Report and financial statements of the Charity will comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
a. Policies and objectives
The Trustees shall hold the Trust Fund and its income upon trust to apply them for the advancement of the Christian Religion by setting up and assisting small prayer groups for mutual support, prayer and fellowship of mothers, fathers and children. Such prayer groups, once established, shall be known respectively as ‘Mothers Prayers’ and ‘Children of Faith’.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.
b. Strategies for achieving objectives
The Charity's strategies for achieving its objectives are the continued assistance of new, and the support of existing, prayer groups by:
a) the publication and supply of printed and recorded materials to women interested in the ministry; b) holding conferences and training sessions for prayer group leaders and members.
c. Activities undertaken to achieve objectives
Support has continued to the many hundreds of prayer groups around the U.K. and through overseas affiliated groups in countries worldwide, enabling the Charity to achieve its objectives.
d. Volunteers
The Trustees wish to express their gratitude for the dedication and commitment of the Charity's many volunteers without whom the Charity would be unable to provide help and support to the many people who receive solace from their membership of the prayer groups.
Page 2
SOLACE COMMUNITY
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED5 APRIL 2025
Objectives and activities (continued)
e. Main activities undertaken to further the Charity's purposes for the public benefit
When considering the charity's activities, the Trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit.
The public interest benefit is provided by the prayer groups being a place of solace and support for mothers through prayer and fellowship. Many mothers feel isolated and face increasing pressures on them and their families. Mothers Prayers provides an opportunity for them to share the impact of these pressures, if they wish, and to be comforted in the knowledge that they are part of a network of the united prayers of mothers around the world.
During the year under review, literature was sent to prayer groups, however in-person meetings and other gatherings at Star House were infrequent. Going forward the charity is looking forward to increasing these events. More volunteers have been recruited to assist with the running of the charity and its events.
Maintenance work continued as necessary at Star House, and will continue into the next year, to ensure that it would continue to be an appropriate venue for conferences and in person meetings.
New prayer groups continued to be formed around the world and a new Principal was appointed in France to look after prayer groups around the world.
f. Fundraising practices
The Charity does not actively fundraise, the vast majority of the Trust's income coming directly from donations.
Achievements and performance
a. Main achievements of the Charity
Since the acquisition of Star House in 2002, the Charity has consolidated its activities and the trustees consider the results for the year to be satisfactory. The trustees consider the Charity to have met its objectives for the year.
In particular, literature was sent out, in-person gatherings and meetings took place, and new groups continued to be established in various places.
b. Future developments
We look forward to encouraging continued and additional in-person meetings (including regional gatherings at Star House and other locations in England) and at the end of the period covered by this annual report we were preparing for the celebration from the summer of 2025 of the 30th anniversary of the start of Mothers Prayers.
Page 3
SOLACE COMMUNITY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future.
The Trustees kept the going concern status of the Charity under review. Expenditure increased significantly during the year, and as in the previous year was materially in excess of income; this was mainly due to repair works on Star House being required to an extent, and at an aggregate annual cost, which we do not expect to continue moving forward.
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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
Charity Commission guidance defines reserves as income that becomes available to the Charity and is to be expended at the Trustees’ discretion in furtherance of any of the Charity’s objects, but is not yet spent, committed or designated. The Charity requires sufficient liquid reserves in order to be able to maintain its properties and carry out its activities.
At the balance sheet date, the Charity’s general reserves stood at £866,709 (2024: £894,290). Included within this general reserve are properties and fixed assets with a value of £856,880 (2024: £860,768). The Charity therefore regards its free reserves to stand at £9,829 (2024: £33,522),
The Charity's reserves policy is to keep £10,000 of free reserves available at any time.
The Trustees confirm that the Trust is exempt from audit.
c. Principal risks and uncertainties
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that the systems and procedures are in place to mitigate their exposure to the major risks.
All risks are considered by the Trustees and relevant volunteers on a regular basis and efforts are made to mitigate any risks where possible.
d. Financial risk management objectives and policies
The Trustees have a risk management strategy which comprises an annual review of the principal risks and uncertainties that the Charity faces and the establishment of policies, systems and procedures to mitigate these risks.
Page 4
SOLACE COMMUNITY
TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED5 APRIL 2025
Structure, governance and management
a. Constitution
Solace Community is a registered charity, number 1061402, and is constituted under a Trust deed. The principal office address is Star House, Star Hill Road, Dunton Green, Sevenoaks, Kent, TN14 6HA.
It is also Known as ‘Mothers Prayers’, and 'Children of Faith’.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust Deed.
c. Organisational structure and decision-making policies
The Charity is run directly by the Trustees, supported by a number of volunteers with a day-to-day involvement in its activities, and employs no staff. The Trustees consider the Charity small enough for this to be the most appropriate mode of operation.
d. Policies adopted for the induction and training of Trustees
The Charity is relying upon the guidance issued by the Charities Commission in relation to the induction and training of Trustees.
e. Trustees
During the year, the Charity was administered by a board of four unpaid trustees:
Ruth Pallister Victor Harvey Anne Scripture Veronica Williams
f. The Governing document
The constitution of the Charity is set out in the Deed of Trust dated 1 May 1996 as amended on 10 January 1997 and 23 May 2001.
Page 5
SOLACE COMMUNITY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
Statement of Trustees’ responsibilities
The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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° select suitable accounting policies and then apply them consistently; ° observe the methods and principles of the Charities SORP (FRS 102);
-
e make judgments and accounting estimates that are reasonable and prudent;
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° state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Armes Sicrtors A. Scripture“ 28, 2026 13:25:00 GMT)
Date! 2S Daun ere 2OLE
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SOLACE COMMUNITY
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2025
Independent Examiner's Report to the Trustees of Solace Community (‘the Charity’)
| report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2025.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
| report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
| understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: M arr Howes Dated: 27 JANUNT 20% Matthew Howard FCA
Crowe U.K. LLP Chartered Accountants Medway Bridge House 1 - 8 Fairmeadow Maidstone Kent ME14 1JP
Page 7
SOLACE COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED5 APRIL 2025
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| Note | £ | £ | £ | |
| Income from: | ||||
| Donations and legacies | 3 | 26,177 | 26,177 | 24,146 |
| Total income | 26,177 | 26,177 | 24,146 | |
| Expenditure on: | ||||
| Charitable activities | 4 | 53,758 | 53,758 | 38,123 |
| Total expenditure | 53,758 | 53,758 | 38,123 | |
| Netmovement in funds | (27,581) | (27,581) | (13,977) | |
| Reconciliation offunds: | ||||
| Total funds broughtforward | 894,290 | 894,290 | 908, 267 | |
| Net movement in funds | (27,581) | (27,581) | (13,977) | |
| Totalfundscarriedforward | 866,709 | 866,709 | 894,290 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 18 form part of these financial statements.
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SOLACE COMMUNITY
| nn eennn nee | nn eennn nee | nn eennn nee | eee | EE |
|---|---|---|---|---|
| BALANCE SHEET | ||||
| AS AT 5 APRIL 2025 | ||||
| 2025 | 2024 | |||
| Note | £ | £ | ||
| Fixed assets | ||||
| Tangible assets | 8 | 856,880 | 860,768 | |
| 856,880 | 860,768 | |||
| Current assets | ||||
| Debtors | 9 | - | 5,895 | |
| Cash at bank and in hand | 12,469 | 30,981 | ||
| 12,469 | 36,876 | |||
| Current liabilities | ||||
| Creditors: amounts falling due within one | ||||
| year | 10 | (2,640) | (3,354) | |
| Netcurrent assets | 9,829 | 33,522 | ||
| Total assets less current liabilities | 866,709 | 894,290 | ||
| Netassets excluding pension asset | 866,709 | 894,290 | ||
| Total netassets | 866,709 | 894,290 | ||
| Charity funds | ||||
| Unrestricted funds | 12 | 866,709 | 894,290 | |
| Totalfunds | 866,709 | 894,290 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
A. Scripture o, 28, 2026 13:25:00 GMT)
Anne Scripture Date. 28 JANA toy 2 ok
The notes on pages 10 to 18 form part of these financial statements.
Page 9
SOLACE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
1. General information
The charity is a registered charity, number 1061402.
The Solace Community Trust's principal office is at:
Star House Star Hill Road Dunton Green Sevenoaks Kent TN14 6HA
The principal activity of the charity is for the advancement of the Christian Religion by setting up and assisting small prayer groups for mutual support, prayer and fellowship of mothers, fathers and children.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a ‘true and fair view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Solace Community meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future.
The Trustees kept the going concern status of the Charity under review. Although income was reduced during the year, the Trustees are confident that this will recover in the year ahead.
The Trustees are confident 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 10
SOLACE COMMUNITY
Re
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
2: Accounting policies (continued)
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
2.4
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities upon the completion of the relevant performance-related conditions. Other grants that are not subject to performance-related conditions are credited to the Statement of financial activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised as a liability.
2.6 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of financial activities.
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SOLACE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
2. Accounting policies (continued)
2.7 Tangible fixed assets and depreciation
Tangible fixed assets costing £1 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
| Buildings | - Straight line over 100 years |
|---|---|
| Fixtures & Fittings | - 50% straight line |
| Computerequipment | -50%straightline |
Buildings are depreciated over 100 years. The Trustees believe that, with suitable maintenance, the building, which is over 200 years old in parts with later additions, will be serviceable for at least another 100 years from the date of signing of this report. Land is not depreciated. The Trustees have estimated the proportion of the land as part of the total cost of the land and buildings based on their best estimate.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.11 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
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SOLACE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
2: Accounting policies (continued)
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
3. Voluntary Income
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2025 | |
| £ | £ | |
| Donations and gifts | 26,177 | 26,177 |
| Unrestricted | Total | |
| funds | funds | |
| 2024 | 2024 | |
| £ | £ | |
| Donations and gifts | 19,746 | 19,746 |
| Government grants | 4,400 | 4,400 |
| 24,146 | 24,146 |
4. Analysis of expenditure on charitable activities Summary by fund type
| Unrestricted | ||||||||
|---|---|---|---|---|---|---|---|---|
| funds | Total | |||||||
| 2025 | 2025 | |||||||
| £ | £ | |||||||
| Provision | of | small | prayer | groups | for | mothers | 53,758 | 53,758 |
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SOLACE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
4. Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
| Unrestricted | ||||||||
|---|---|---|---|---|---|---|---|---|
| funds | Total | |||||||
| 2024 | 2024 | |||||||
| £ | £ | |||||||
| Provision | of | small | prayer | groups | for | mothers | 38,123 | 38,123 |
5. Analysis of expenditure by activities
| Charitable activities |
Total funds |
|
|---|---|---|
| 2025 | 2025 | |
| £ | £ | |
| Provision ofsmall prayer groups for mothers | 63,758 | 53,758 |
| Charitable activities |
Total funds |
|
| 2024 | 2024 | |
| £ | £ | |
| Provision ofsmall prayer groups for mothers | 38,123 | 38,123 |
| Independent examiner's remuneration | ||
| 2025 | 2024 | |
| £ | £ | |
| Fees payable to the Charity's independent examiner forthe independent | ||
| examination ofthe Charity's annual accounts | 1,550 | 1,550 |
| Fees payable to the Charity's independent examiner in respect of: | ||
| Allotherservicesnotincludedabove | 1,200 | 1,200 |
6. Independent examiner's remuneration
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SOLACE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
7. Trustees’ remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 5 April 2025, no Trustee expenses have been incurred (2024 - £NIL).
8. Tangible fixed assets
| Freehold | Fixtures and | Office | ||
|---|---|---|---|---|
| property | fittings | equipment | ||
| £ | £ | £ | £ | |
| Cost or valuation | ||||
| At 6 April 2024 | 884,096 | 330 | 2,409 | 886,835 |
| At 5 April 2025 | 884,096 | 330 | 2,409 | 886,835 |
| Depreciation | ||||
| At6 April 2024 | 23,328 | 330 | 2,409 | 26,067 |
| Charge forthe year | 3,888 | - | - | 3,888 |
| At 5 April 2025 | 27,216 | 330 | 2,409 | 29,955 |
| Net book value | ||||
| At 5 April 2025 | 856,880 | - | - | 856,880 |
| At5April2024 | 860,768 | - | - | 860,768 |
The Trustees consider that no revaluation of the property is required for the purposes of these accounts.
9. Debtors
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Due within one year | ||
| Other debtors | - | 829 |
| Prepayments and accrued income | - | 5,066 |
| - | 5,895 |
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Nee en ee
SOLACE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
10. Creditors: Amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors | - | 714 |
| Accruals and deferred income | 2,640 | 2,640 |
| 2,640 | 3,354 |
11. Financial instruments
| 2025 | 2024 | |
|---|---|---|
| £ | val | |
| Financial assets | ||
| Financial assets | 12,469 | 36,876 |
| 2025 | 2024 | |
| £ | £ | |
| Financial liabilities | ||
| Financialliabilitiesheldatamortisedcost | 2,640 | 3,354 |
Financial assets measured at amortised cost comprise cash at bank and other debtors.
Financial liabilities held at amortised cost consists of trade creditors, other creditors and accruals.
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SOLACE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
12. Statement of funds
Statement of funds - current year
| Balance at 6 | Balance at 5 | |||
|---|---|---|---|---|
| April 2024 | Income | Expenditure | April 2025 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds | 894,290 | 26,177 | (53,758) | 866,709 |
| Statement offunds- prioryear | ||||
| Balance at | Balance at | |||
| 6April2023 | Income | Expenditure | 5April2024 | |
| Ef | E | £ | ra | |
| Unrestricted funds | ||||
| GeneralFunds | 908,267 | 24,146 | (38,123) | 894,290 |
- Summary of funds
Summary of funds - current year
| Balance at 6 | Balance at 5 | |||
|---|---|---|---|---|
| April 2024 | Income | Expenditure | April 2025 | |
| £ | £ | £ | E | |
| General funds | 894,290 | 26,177 | (53,758) | 866,709 |
| Summary offunds- prioryear | ||||
| Balance at | Balance at | |||
| 6April2023 | Income | Expenditure | 5April2024 | |
| £ | E | £ | £ | |
| Generalfunds | 908,267 | 24,146 | (38,123) | 894,290 |
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SOLACE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2025 | |
| £ | £ | |
| Tangible fixed assets | 856,880 | 856,880 |
| Current assets | 12,469 | 12,469 |
| Creditors due within one year | (2,640) | (2,640) |
| Total | 866,709 | 866,709 |
| Analysis of net assets between funds - prioryear | ||
| Unrestricted | Total | |
| funds | funds | |
| 2024 | 2024 | |
| £ | E | |
| Tangible fixed assets | 860,768 | 860,768 |
| Current assets | 36,876 | 36,876 |
| Creditors due within one year | (3,354) | (3,354) |
| Total | 894,290 | 894,290 |
15. Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 5 April 2025.
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