Charity registration number: 1202224
SOLUTION HOUSE PROJECT TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
Solution House Project Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Accountant's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6—8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 9 |
Solution House Project Trustees' Report For The Year Ended 31 December 2025
The trustees present their report and the financial statements for the year ended 31 December 2025.
Objectives and Activities
Aims and Objectives
The purpose of the charity as set out in its governing document.
The main activities undertaken by the charity includes the relief of hardship or distress by the provision of accommodation to homeless people, the prevention or relief of poverty, the advancement of Christianity by providing housing and any associated amenities for homeless people in necessitous circumstances appropriate to their means and in such other ways as the Trustees consider appropriate.
Reference and Administrative Details
Trustees
Miss Victoria Ademosu-Chambers Mr Olugbenga Ogundare Mr Sunday Farinmade Mr Adebayo Abiola - Chariman
Charity Number
1202224
Principal Address
128 Borstal Street Rochester Kent ME1 3JS
Accountants
ATN Partnership Chartered Certified Accountants 142-143 Parrock Street Gravesend Kent DA12 1EY
Page 1
Solution House Project Trustees' Report (continued) For The Year Ended 31 December 2025
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Adebayo Abiola Trustee 17/08/2026
Page 2
Solution House Project Accountant's Report For The Year Ended 31 December 2025
Accountant's report to the board of trustees on the preparation of the unaudited statutory accounts of Solution House Project for the year ended 31 December 2025.
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of Solution House Project for the year ended 31 December 2025 which comprise the Statement of Financial Activities (including Income and Expenditure Account), Statement of Financial Position and the related notes from the charity’s accounting records and from information and explanations which you have provided us with.
This report is made solely to the board of trustees of the charity, as a body, in accordance with our letter of engagement dated 28 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Solution House Project, and state those matters that we have agreed to state to the board of trustees of the charity, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Solution House Project and its board of trustees, as a body, for our work or for this report.
It is your duty to ensure that Solution House Project has kept sufficient accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus or deficit of the charity. You consider that Solution House Project is exempt from the requirement to have a statutory audit or an independent examination for the year ended 31 December 2025.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
17/08/2026
ATN Partnership Chartered Certified Accountants 142-143 Parrock Street Gravesend Kent DA12 1EY
Page 3
Solution House Project Statement of Financial Activities For The Year Ended 31 December 2025
| Notes INCOME AND ENDOWMENTS FROM: Other trading activities 3 EXPENDITURE ON: Raising funds 4 NET INCOME/(EXPENDITURE) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9 |
2025 Unrestricted funds £ 133,793 |
2024 Unrestricted funds £ 107,704 |
|---|---|---|
| (129,875) | (139,834) | |
| 3,918 | (32,130) | |
| 3,918 (44,921) |
(32,130) (12,791) |
|
| (41,003) | (44,921) |
The notes on pages 6 to 8 form part of these financial statements.
Page 4
Solution House Project Statement of Financial Position As At 31 December 2025
| Notes CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 8 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET LIABILITIES FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 9 On behalf of the board Mr Adebayo Abiola Trustee 17/08/2026 |
2025 Unrestricted funds £ 723 |
2024 Total funds £ 916 |
|---|---|---|
| 723 (41,726) |
916 (45,837) |
|
| (41,003) | (44,921) | |
| (41,003) | (44,921) | |
| (41,003) | (44,921) | |
| (41,003) | (44,921) | |
| (41,003) | (44,921) | |
The notes on pages 6 to 8 form part of these financial statements.
Page 5
Solution House Project Notes to the Financial Statements For The Year Ended 31 December 2025
1. General Information
Solution House Project is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1202224. The principal address is 128 Borstal Street, Rochester, Kent, ME1 3JS.
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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Other Trading Activities
| . Income from Other Trading Activities |
||
|---|---|---|
| 2025 | 2024 | |
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| Income from other trading activities | 133,793 | 107,704 |
4. Analysis of Expenditure
| Raising funds Raising funds |
Activities undertaken directly £ 9,600 |
Support costs (see note 5) £ 120,275 |
2025 Total £ 129,875 |
|---|---|---|---|
| Activities undertaken directly £ 32,896 |
Support costs (see note 5) £ 106,938 |
2024 Total £ 139,834 |
Page 6
Solution House Project Notes to the Financial Statements (continued) For The Year Ended 31 December 2025
| 5. Support Costs Employee costs Premises expenses General administration Employee costs Premises expenses General administration 6. Staff Costs Staff costs were as follows: 2025 £ Wages and salaries 11,040 |
2025 Raising funds £ 11,600 106,169 2,506 |
|---|---|
| 120,275 | |
| 2024 Raising funds £ 11,400 93,040 2,498 |
|
| 106,938 | |
| 2024 £ 11,040 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
7. Average Number of Employees
Average number of employees during the year was: 3 (2024: 3)
8. Creditors: Amounts Falling Due Within One Year
| Other taxes and social security Net wages Loans from trustees Accruals |
2025 £ 192 - 41,534 - 41,726 |
2024 £ 157 1,997 42,963 720 |
|---|---|---|
| 45,837 |
Page 7
Solution House Project Notes to the Financial Statements (continued) For The Year Ended 31 December 2025
9. Movement in Funds
| . Movement in Funds |
||||
|---|---|---|---|---|
| Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 January 2025 £ (44,921) |
Income £ 133,793 |
Expenditure £ (129,875) |
As at 31 December 2025 £ (41,003) |
| (44,921) | 133,793 | (129,875) | (41,003) | |
| As at 1 January 2024 £ (12,791) |
Income £ 107,704 |
Expenditure £ (139,834) |
As at 31 December 2024 £ (44,921) |
|
| (12,791) | 107,704 | (139,834) | (44,921) |
10. Related Party Disclosures
There were no related party transactions in this reporting period.
Page 8
Solution House Project Detailed Statement of Financial Activities For The Year Ended 31 December 2025
| INCOME AND ENDOWMENTS FROM: Other trading activities Income from other trading activities EXPENDITURE ON: Raising funds Cost of raising funds Wages and salaries Travel and subsistence expenses Rent Rates Repairs and maintenance Cleaning Computer software costs Printing, postage and stationery Telecommunications Accountancy fees Subscriptions NET INCOME/(EXPENDITURE) |
2025 Total funds £ 133,793 |
2024 Total funds £ 107,704 |
|---|---|---|
| 133,793 | 107,704 | |
| 133,793 (9,600) (11,040) (560) (89,041) (676) (12,708) (3,744) - - (849) (960) (697) |
107,704 (32,896) (11,040) (360) (73,197) (816) (17,779) (1,248) (77) (26) (563) (1,050) (782) |
|
| (129,875) | (139,834) | |
| (129,875) | (139,834) | |
| 3,918 | (32,130) |
Page 9