COMET CHARITIES LTD
Financial health, per its FY2023 accounts
The accounts state that the charity reported a deficit of £165,980 for the year ended 31 July 2023, resulting in unrestricted reserves falling to a negative balance of £173,644. The trustees maintain that there are no material uncertainties regarding the charity's ability to continue in operational existence for the foreseeable future. The charity's reserves policy is to maintain only those reserves necessary to continue its activities, with no specific target amount stated.
What the accounts disclose
“The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity” — page 4
Structured financials (annual return, FY ending 31/07/2025)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £3.2m | £3.1m |
| 31/07/2024 | £2.4m | £2.3m |
| 31/07/2023 | £2.4m | £2.5m |
| 31/07/2022 | £2.5m | £2.7m |
| 31/07/2021 | £2.3m | £2.2m |
Common questions
Is COMET CHARITIES LTD financially healthy?
The accounts state that the charity reported a deficit of £165,980 for the year ended 31 July 2023, resulting in unrestricted reserves falling to a negative balance of £173,644. The trustees maintain that there are no material uncertainties regarding the charity's ability to continue in operational existence for the foreseeable future. The charity's reserves policy is to maintain only those reserves necessary to continue its activities, with no specific target amount stated. Its FY2023 accounts were audited by Goldwins Limited.
Who funds COMET CHARITIES LTD?
Funders whose own accounts filings name COMET CHARITIES LTD as a grant recipient include DELAPAGE LIMITED, ACHISOMOCH AID COMPANY LIMITED, AMABRILL LTD, REIFER MEMORIAL LIMITED, ASATE LTD.
Shared trustees with funders
- Benedict Chayim Joseph — trustee here and at NORTH LONDON WELFARE AND EDUCATIONAL FOUNDATION
- MICHAEL LISSER — trustee here and at ASATE LTD
Known funders
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SF FOUNDATION | 1 | £235k |
| BOURNEHEIGHTS LIMITED | 1 | £177k |
| OYY LUBAVITCH BOYS SCHOOL | 1 | £121k |
| YAD VEACHISOMOCH L'CHAIM | 1 | £62k |
| COSMON (BELZ) LIMITED | 1 | £56k |
| BELZ ISRAEL CHARITABLE TRUST | 1 | £49k |
| BEFORE TRUST | 1 | £23k |
| SONGDALE LIMITED | 1 | £22k |