Funding
Solas accounts and report to OSCR (the Office of the Scottish Charity Regulator) can be found here:
2020 trustees_annual_report_appendix_1_word
Solas was initially funded by a donation of £100,000 from one of the founding Trustee, Dr Ghalib Khan. A sum of £80,000 was placed in investments and £20,000 was retained for current use. Unfortunatly, as it turned out, the investments were made at precisely the wrong time with the value declining in the early 2000’s. Since then there has been a recovery and currently the investments stand at just over £90,000. This sum is retained for contingencies, such as the repair to property which in 2014 amounted to around £20,000.
Current income for Solas is made up of:
Investment income – in the region of £1,700 per anum.
Income from property – £6,000 pa (less property management costs)