SOIMECH NOIFLIM
Financial health, per its FY2025 accounts
The accounts state that the charity holds total unrestricted funds of £8,909,736, primarily tied up in an investment property valued at £12,500,000. However, the charity reports free reserves in a deficit of £140,945 due to significant current and non-current liabilities, including secured bank loans. The trustees and auditors confirm the charity is a going concern, noting that current liabilities such as rent received in advance do not present cash-flow concerns.
What the accounts disclose
“The free reserves of the charity, being the net current liabilities, are in deficit of £140,945” — page 5
“Mr Norman Bleier and Mr Ian Mett, trustees of the charity, are also trustees of Rontades Ltd. During the year, grants of £99,000 were paid by the charity to Rontades Ltd.” — page 21
“Mr Norman Bleier is also a trustee of Greatgreen Ltd. During the year, grants of £99,000 were paid by the charity to Greatgreen Ltd.” — page 21
“Mr Norman Bleier and Mr Ian Mett, trustees of the charity, are also trustees of Rontades Ltd. During the year, grants of £99,000 were paid by the charity to Rontades Ltd.” — page 21
“Mr Norman Bleier is also a trustee of Greatgreen Ltd. During the year, grants of £99,000 were paid by the charity to Greatgreen Ltd.” — page 21
“Mr Norman Bleier and Mr Ian Mett, trustees of the charity, are also trustees of Rontades Ltd. During the year, grants of £99,000 were paid by the charity to Rontades Ltd.” — page 21
“Mr Norman Bleier is also a trustee of Greatgreen Ltd. During the year, grants of £99,000 were paid by the charity to Greatgreen Ltd.” — page 21
“Mr Norman Bleier and Mr Ian Mett, trustees of the charity, are also trustees of Rontades Ltd. During the year, grants of £99,000 were paid by the charity to Rontades Ltd.” — page 21
“Mr Norman Bleier is also a trustee of Greatgreen Ltd. During the year, grants of £99,000 were paid by the charity to Greatgreen Ltd.” — page 21
Structured financials (annual return, FY ending 31/03/2025)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.0m | £882k |
| 31/03/2024 | £1.1m | £927k |
| 31/03/2023 | £981k | £833k |
| 31/03/2022 | £586k | £450k |
| 31/03/2021 | £411k | £131k |
Common questions
Is SOIMECH NOIFLIM financially healthy?
The accounts state that the charity holds total unrestricted funds of £8,909,736, primarily tied up in an investment property valued at £12,500,000. However, the charity reports free reserves in a deficit of £140,945 due to significant current and non-current liabilities, including secured bank loans. The trustees and auditors confirm the charity is a going concern, noting that current liabilities such as rent received in advance do not present cash-flow concerns. Its FY2025 accounts were audited by Haffner Hoff Auditors Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE UNION OF ORTHODOX HEBREW CONGREGATIONS | 2 | £22k |
| THE HELPING FOUNDATION | 1 | £23.3m |
| DONATING CHARITY LIMITED | 1 | £772k |
| UNITED TALMUDICAL ASSOCIATES LTD | 1 | £357k |
| MOUNDFIELD CHARITIES LIMITED | 1 | £139k |
| FRIENDS OF WIZNITZ LIMITED | 1 | £91k |
| 4 CHARITY FOUNDATION | 1 | £78k |
| SF FOUNDATION | 1 | £75k |