Our Finances
Annual Report 2024
Our financial year runs to the 31st March. The latest accounts available are for the year to 31st March 2024. You can download the full report here.
Financial highlights (with previous year’s figures in brackets)
Income: £2,252,102 (£2,149,472)
Expenditure: £2,248,247 (£2,134,767)
Where did the money come from?
Voluntary donations: £5,012 (£12,300)
Investment income: £1,416 (£794)
Charitable activities: £2,231,992 (£2,113,514)
Other: £13,681 (£22,864)
What did we spend it on?
Raising Funds: £7,809 (£7,781)
Charitable Activities: £2,240,437 (£2,126,986)
Report of our Chair, Jan Prior
We said and we did in 2023-24 following SoLO’s strategy set in the previous year.
Commitment to independence
We have witnessed the heartwarming progress towards independence of those living in our Supported Living houses. Our ongoing review of the houses is to ensure that they are fit for purpose and required action taken. Aware of the value of our Personal assistants’ we aimed to meet the need where possible against a backdrop of recruitment challenges. With support from funders who also acknowledged the need for enhancing pay to recognise the importance of the role, we ensured that this was factored into our budget for 2024/25 and the team are working tirelessly to meet demand.
Growing towards need
Work continues to be in progress regarding other elements of our 3 year strategy. Conversations continue for collaborative working with other providers and bordering local authorities. SoLO’s Children’s Team continues to refresh the service with new ideas, listening to what our little and growing people need and want.
SoLO Teamwork
We have witnessed some excellent examples of the SoLO team working together in the best interests of our service users and we have encouraged ongoing learning from these experiences for mutual benefit. I give thanks for all who have helped achieve this and especially to the Board in their sound, considered decision making. During the audit of our accounts, we were very saddened that our Treasurer, Jon Prior, died suddenly. His unwavering commitment to SoLO over 6 years, strengthened our financial management and everything he did was done in a gentle, supportive way. He was an outstanding Trustee who is very much missed.
