Our finances

Annual Report 2022

Our financial year runs to the 31st March. The latest accounts available are for the year to 31st March 2022. You can download the full report here.

Financial highlights (with previous year’s figures in brackets)

Income: £2,032,344 (£2,190,987)
Expenditure: £2,001,020 (£2,182,497)

Where did the money come from?

Voluntary donations: £20,696 (£31,768)
Investment income: £2,409 (£1,202)
Charitable activities: £1,989,276 (£2,144,617)
Other: £19,963 (£13,400)

What did we spend it on?

Raising Funds: £5,865 (£5,689)
Charitable Activities: £1,995,155 (£2,176,808)

Report of our Chair, Jan Prior

The Board’s strategic focus at the height of the Pandemic was to ensure appropriate cash flow and maintain stability to support ongoing delivery of services. The financial support of furlough and workforce retention monies have been significant to achieve this strategy in a world where Social Care has faced unprecedented challenges especially with recruitment and when charity’s fundraising opportunities have been curtailed. Determination to continue supporting SoLO’s members has been a key driver in navigating through challenges but that determination has shone through to deliver our interim strategy. 

The Board has taken the opportunity of review and refresh to strengthen systems and processes by investing in online platforms to manage care planning and compliance and will continue to aim support SoLO with the most effective tools it can have to deliver its services. 

SoLO’s best resource to empower its members and service users are undoubtedly people and the Board acknowledge the commitment and the need for staff/trustees to go above and beyond during the Pandemic and it’s a credit to the whole team that SoLO continues to be a leading and respected provider for people with Learning Disabilities in Solihull and surrounding areas. On behalf of the Board, I thank everyone for their contribution to SoLO 2021/22.