THE SOCIETY OF LOCAL AUTHORITY CHIEF EXECUTIVES AND SENIOR MANAGERS (SOLACE GROUP) LTD
Latest income
£10.8m
Latest spending
£10.6m
Registered
2001
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the group reported a net income of £185,238 for the year, resulting in total net assets of £1,943,873. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with freely available reserves of £1,189,234. The organization operates a defined contribution pension scheme and maintains a trading subsidiary that contributes to charitable aims.
What the accounts disclose
Highest-paid employee band: £120,001 - £130,000 — below the median for charities its size (£125k)
“Between £120,001 and £130,000 1 1 4 4” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: 6 months operating costs (£941,930) and a minimum of 3 months operating costs (£776,910) (held: £1.2m)
“The charity's reserves policy is based on the value of unrestricted reserves excluding designated funds, with a target of covering 6 months operating costs (calculated to be £941,930 as at 31 March 2025) and a minimum of 3 months operating costs (£776,910 as at 31 March 2025).” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: B Marjoram received £1,625 for professional services supplied.
“Other related party transactions made by the charity during the year ended 31 March 2025 were: - B Marjoram, a trustee of the charity, received payment of £1,625 (2024: £2,275) from the charity for professional services supplied.” — page 26
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Gift aid distribution from subsidiary
“During the year ended 31 March 2025 the charity received a gift aid distribution of £510,270 (2024: £673,910) from Solace In Business Ltd (note 5). Throughout the year to March 2025 the charity made a cash facility available to Solace In Business Ltd (a wholly owned subsidiary) to draw down and repay on a flexible basis. Interest was charged at 5% on month-end balances. The maximum amount loaned to Solace In Business Ltd during the year was £175,000 and at 31st March 2025 the unpaid amount oustanding was £nil.” — page 26
“Other related party transactions made by the charity during the year ended 31 March 2025 were: - B Marjoram, a trustee of the charity, received payment of £1,625 (2024: £2,275) from the charity for professional services supplied.” — page 26
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee payment for professional services
“During the year ended 31 March 2025 the charity received a gift aid distribution of £510,270 (2024: £673,910) from Solace In Business Ltd (note 5). Throughout the year to March 2025 the charity made a cash facility available to Solace In Business Ltd (a wholly owned subsidiary) to draw down and repay on a flexible basis. Interest was charged at 5% on month-end balances. The maximum amount loaned to Solace In Business Ltd during the year was £175,000 and at 31st March 2025 the unpaid amount oustanding was £nil.” — page 26
“Other related party transactions made by the charity during the year ended 31 March 2025 were: - B Marjoram, a trustee of the charity, received payment of £1,625 (2024: £2,275) from the charity for professional services supplied.” — page 26
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Solace In Business Ltd
“The charity has one wholly owned trading subsidiary, Solace In Business Ltd (note 13), which is incorporated in England and Wales and provides recruitment services to the public sector.” — page 20
Per its FY2025 accounts as filed with the Charity Commission.
Leadership, per the charity’s website
- Graeme McDonald — Managing Director
- Paul Humphreys — Chief Operating Officer
- Robin Tuddenham — President & Chair of Solace Policy Board
- Kath O'Dwyer — Chair
- Richard Carr — Chair (Solace in Business Board)
- Pippa Milne — Chair (Scotland)
- Rob Thomas — Chair (Wales)
- Marie Ward — Chair (Northern Ireland)
Structured financials (annual return, FY ending 31/03/2025)
Total income
£10.8m
Total spending
£10.6m
Cost of raising funds
£7.0m
Reserves (reported)
£1.2m
Employees
50
Trustees
- Adam Mark Hill
- Adele Joanne Steven
- Bernadette Mary Kathleen Marjoram
- Christopher David Naylor
- Evonne Rogers
- Georgia Kate Doe
- Jonathan Roy Stephenson
- Kathryn Ruth O'Dwyer
- Kim Wright
- Nazeya Hussain-Duke
- Paul Renato Frainer
- Rachel Annette Louise McKoy
- Richard Charles Carr
- Robert Geoffrey Sarson Weaver
- Robin John Tuddenham
- Sarah Jane Garner
- Sarah Katharine Hall
- Sean Patrick Hanson
- Thomas John Stannard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £10.8m | £10.6m |
| 31/03/2024 | £11.3m | £11.3m |
| 31/03/2023 | £10.6m | £10.6m |
| 31/03/2022 | £8.2m | £8.1m |
| 31/03/2021 | £7.4m | £7.1m |
Common questions
Is THE SOCIETY OF LOCAL AUTHORITY CHIEF EXECUTIVES AND SENIOR MANAGERS (SOLACE GROUP) LTD financially healthy?
The accounts state that the group reported a net income of £185,238 for the year, resulting in total net assets of £1,943,873. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with freely available reserves of £1,189,234. The organization operates a defined contribution pension scheme and maintains a trading subsidiary that contributes to charitable aims. Its FY2025 accounts were audited by SMH Jolliffe Cork Audit Ltd.
What does the highest-paid employee of THE SOCIETY OF LOCAL AUTHORITY CHIEF EXECUTIVES AND SENIOR MANAGERS (SOLACE GROUP) LTD earn?
Per its FY2025 accounts, the highest-paid employee was in the £120,001 - £130,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Seafarers' Charity (King George's Fund for Sailors) | 1 | — |
| POWER TO CHANGE TRUST | 1 | £529k |
| CHARITY OF RICHARD CLOUDESLEY | 1 | £152k |
| THE I T F SEAFARERS TRUST | 1 | £99k |
| CRIPPLEGATE FOUNDATION | 1 | £55k |
| THE FEDERATION OF GROUNDWORK TRUSTS | 1 | £32k |
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 1 | £17k |
| BALTIC EXCHANGE CHARITABLE FOUNDATION | 1 | £10k |