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The Society of Law Accountants in Scotland The SOLAS Educational Fund
Trustees’ Annual Report and Account for the year ended 31 July 2025
Scottish Charity No:
$C014558
Trustees
The Society of Law Accountants in Scotland
Governing Document
The Education Fund is governed by a Trust Deed which sets out the purposes and administration arrangements.
Appointment of Trustees
Trustees are assumed (and resign) with the consent of the existing Trustees. The position is voluntary.
Charitable Purposes
Our purposes, as set out in the Trust Deed, are the provision of educational courses and training for people studying for admission to the Society of Law Accountants in Scotland and the provision of grants towards the education and training of people studying cashroom, accountancy and other skills appropriate to Scottish legal firms.
Activities and Achievements
During the year, the Education Fund continued to run evening classes online in Aberdeen, Dundee, Edinburgh, Glasgow and Inverness as part of the one year course leading to examination qualification as a Law Accountant in Scotland (Associate). The exams also took place in person and on-line for remote students.
Post qualifying courses have also been run and continue to be very popular and well attended.
During the period of the account, no donations were received. (2024 - £Nil)
The subscription rates increased for the academic year commencing September 2021/2022 and remain at this level.
Grants Policy
Grants may be made at the discretion of the Trustees. There were no grants awarded during the year.
Trustees' Remuneration and expenses
The Trustees did not receive any remuneration or expenses during the year.
Reserves and Financial Review As at 31 July 2025, the Unrestricted Fund amounted to £62,864.41 (2024 - £61,764.69). These Accounts are showing a surplus of £1,099.72 (2024 - surplus of £12,468.55). The Trustees consider that the funds held will enable the Education Fund to continue to run evening classes, webinars and examinations at the current subscription rate for the forthcoming year.
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-_ ;- and ty on their behalf by
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SOLAS President
Date
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The Society of Law Accountants in Scotland The SOLAS Educational Fund
Receipts & Payments for the year ended 31 July 2025
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|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|£|£|
|Receipts|
|Tuition|Fees|38,640.00|43,631.00|
|Royal|Bank|of|Scotland|Gross|Interest|=|193.45|
|Total|Receipts|38,640.00|43,824.45|
|Payments|
|Charitable|Activities:|
|Lecturers|Fees|20,185.00|14,800.00|
|Lecturers Travel|Costs|454.44|258.80|
|Lecturers|Meetings|160.00|-|
|Board|of Examiners|Expenses|1,566.05|1,956.67|
|Accommodation|Costs|1,348.00|1,115.00|
|Administrator's|fees|and|expenses|7,086.80|7,557.89|
|Photocopying|&|Printing|2,507.30|739.13|
|Postage|241.60|251.46|
|Diploma|Presentation|Ceremonies|2,101.89|2,447.96|
|Equipment|-|-|
|Miscellaneous|1,389.20|1,368.99|
|Total|Charitable|Activities|Costs|37,040.28|30,495.90|
|Governance|Costs:|
|Treasurer's|Honorarium|500.00|500.00|
|Bank|Charges|-|-|
|Independent|Examiner's|Fee|-|360.00|
|Total|Governance|Costs|500.00|860.00|
|Total|Payments|37,540.28|31,355.90|
|Surplus for year|1,099.72|12,468.55|
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The Society of Law Accountants in Scotland The SOLAS Educational Fund
Statement of Balances as at 31 July 2025
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2025 2024
E £
Royal Bank of Scotland Treasurers’ Account 62,864.41 61,764.69
62,864.41 61,764.69
Reserves/Opening Balances 61,764.69 49,296.14
Surplus for year 1,099.72 12,468.55
Closing Balances 62,864.41 61,764.69
All Funds are Unrestricted }
“|-_ | SOLAS. oiPresident
Signed on behalf of the Trustees
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The Society of Law Accountants in Scotland The SOLAS Educational Fund
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Independent Examiner's Report to the Trustees for the year ended 31 July 2025
| report on the Annual Report and Account for the year ended 31 July 2025 which are set out on pages1 to 3.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(d) of Accounts Regulations does no apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanation from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In the course of my examination no matter has come to my attention:-
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1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of
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Name: a
Relevant Professional Qualification/ Professional Body: Chartered Accountant
Date: 13/11/2025
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