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home >> charity search >> the sola trust
Finance Score: -6
Governance Score: 1
Support Score: 0
  • Spending falling: -1
  • Multiple Deficits and declines: -5
  • No PartB
  • Only 3 Trustees: -2
  • Gender balanced board: +3
  • No supporters identified
Overall GiG Score: -5 ?

THE SOLA TRUST 

Providing grants to individuals involved in training for gospel word ministry. Such training may be at theological college or be of an apprentice-style, based at at a Church. Also provision of grants to churches and other organisations involved in promoting the Christian faith to assist with the launch of new ministries. On occasion provides grants to gospel workers facing financial hardship.
Analysis by Giving is Great

Regulatory & Governance issues to consider:

  • There are only 3 trustees

Financial issues to consider:

  • A PartB annual return has not been required and so detailed financial information is not available from the online data
  • Spending has fallen significantly over the last 5 years relative to the previous period
  • Income has been volatile and on several occasions in recent years less than spending
miles

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k		 Spending
£k		 Surplus/
Deficit		 Fundraising
Cost £k		 Total
Funds £k		 Unrestricted
Funds £k		 Mths
Rsrvs		 Staff Volun-
teers
31/03/23£360£516£-156n/an/an/an/an/a0
31/03/22£16£438£-423n/an/an/an/an/a0
31/03/21£1,113£381£732£0£1,192£1,19237.500
31/03/20£451£562£-111n/an/an/an/an/a0
31/03/19£895£735£160£0£561£5619.200
31/03/18£820£808£12£0£401£401600
31/03/17*£918£661£256£0£389£3897.100
31/03/16£483£630£-148£0£0£0n/a00
31/03/15*£619£478£141£2£280£280700
31/03/14£334£561£-227£0£0£0n/a00
31/03/13*£546£507£39£1£378£3788.900
31/03/12£688£450£238£1£339£339900
31/03/11£460£380£81£0£0£0n/a00
31/03/10*£329£367£-38£0£0£0n/a00
31/03/09£320£362£-42£0£0£0n/a00
31/03/08*£274£220£54£0£0£0n/a00
31/03/07£200£175£24£0£0£0n/a00
31/03/06£139£153£-14£0£0£0n/a00
31/03/05£125£141£-16£0£0£0n/a00
31/03/04£103£132£-29£0£0£0n/a00
Show more rows -->

Download accounts
Highest pay bracket: less than £60,000
Established: 27 years

www.solatrust.org.uk

admin@solatrust.org.uk

01279850819

Charity Commission for England and Wales
Listed activities
  • Education/Training
  • Religious Activities
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Christian congregations
How it operates
  • Makes Grants to Individuals
  • Makes Grants to Organisations
Where it operates
  • Belgium, Ireland, New Zealand, Northern Ireland, Scotland, South Africa,
Who it helps
  • Other Defined Groups
  • The General Public/Mankind

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)
Gender Split

Legal constitution
  • Charity registered in England & Wales on 06/06/1997, number: 1062739
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Risk management
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Filing Record
20 returns made; AR17: 1 days late, AR15: 0 days late, AR13: 1 days late, AR10: 2 days late, AR08: 1 days late,
Main office

GREENEND BARN
WOOD END GREEN
HENHAM
BISHOP'S STORTFORD
CM22 6AY

Objectives

THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME AND ALL AND ALL OR SUCH PART OR PARTS OF THE CAPITAL FOR FOR OR TOWARDS THE FOLLOWING CHARITABLE PURPOSE AND TO MAKE GRANTS TO SUCH CHARITABLE INSTITUTION OR INSTITUTIONS OR OTHERWISE AS FALL WITHIN SUCH PURPOSES AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT PROVIDED THAT THE TRUSTEES MAY AT THEIR ABSOLUTE DISCRETION FOR FOR THE PERIOD OF TWENTY-ONE YEARS FROM THE DATE OF THIS DEED INSTEAD OF THE INCOME OF THE CHARITY IN ANY YEAR ACCUMULATE ALL OR ANY PART OF SUCH INCOME AT COMPOUND INTEREST BY INVESTING THE SAME AND THE RESULTING INCOME IN ANY OF THE AUTHORISED INVESTMENTS AND HOLD THE SAME AND THE RESULTING INCOME IN ANY OF THE AUTHORISED INVESTMENTS AND HOLD THE SAME AS AN ACCRETION TO AND AS PART OF SUCH INCOME AT COMPOUND INTEREST BY INVESTING THE SAME AND THE RESULTING INCOME IN ANY OF THE AUTHORISED INVESTMENTS AND HOLD THE SAME AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE CAPITAL OF THE CHARITY WITHOUT PREJUDICE TO THEIR RIGHT TO APPLY THE WHOLE OR ANY PART OF SUCH ACCUMULATED INCOME IN ANY SUBSEQUENT YEAR AS IF THE SAME WERE INCOME OF THE CHARITY ARISING IN THE THEN CURRENT YEAR NAMELY:- [A] THE RELIEF OF POVERTY, AND [B] THE ADVANCEMENT OF THE CHRISTIAN FAITH.

Defined Area of Benefit:

NATIONAL

Data Sources

Charity Commission for England and Wales
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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