SOLICITORS BENEVOLENT ASSOCIATION LIMITED
Provision of relief and assistance for persons in need who are or who have been admitted to the Roll of Solicitors for England and Wales, or who are or have been married to or are or have been the civil partner of solicitors so admitted, or who are or have been dependants of solicitors so admitted.
Financial health, per its FY2024 accounts
The accounts state that total income was £1,648,036 while total expenditure was £2,360,667, resulting in a net expenditure before investment gains of (£712,631). Per the trustees' report, the charity utilized reserves to meet increased demand as expenditure exceeded in-year income, though total net assets decreased only slightly to £25,913,682 following significant investment gains of £517,348.
What the accounts disclose
“Residual Client Balances 943,709”
“Fundraising & Membership 270,646”
“CCLA were appointed as investment managers in January 2022. Their management fees are deducted at source.” — page 48
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Ingrid Stephanie Boycechair
- Andrew Wauchope
- Audrey Ludwig
- Edel Smith
- Ejike Ndaji
- Eugene Paschal Farrell
- James Brennan
- Rachel Anne Nir
- Rebecca Litherland
- Reem Hasan
- Robert Roy Banner
- Rory Mark OKeeffe
- Simon Robert Dinnick
- VIRGINIA SALTER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.6m | £2.4m |
| 31/12/2023 | £1.5m | £2.0m |
| 31/12/2022 | £2.2m | £2.1m |
| 31/12/2021 | £1.5m | £1.9m |
| 31/12/2020 | £1.2m | £2.1m |
Common questions
Is SOLICITORS BENEVOLENT ASSOCIATION LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that total income was £1,648,036 while total expenditure was £2,360,667, resulting in a net expenditure before investment gains of (£712,631). Per the trustees' report, the charity utilized reserves to meet increased demand as expenditure exceeded in-year income, though total net assets decreased only slightly to £25,913,682 following significant investment gains of £517,348. Its FY2024 accounts were audited by Cooper Parry Group Limited.
Who funds SOLICITORS BENEVOLENT ASSOCIATION LIMITED?
Funders whose own accounts filings name SOLICITORS BENEVOLENT ASSOCIATION LIMITED as a grant recipient include MILLS AND REEVE CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| MILLS AND REEVE CHARITABLE TRUST | FY2024 | £2k | |
| MILLS AND REEVE CHARITABLE TRUST | FY2022 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LOPPYLUGS AND BARBARA MORRISON CHARITABLE TRUST | 2 | £51k |
| ROYAL ENGINEERS CENTRAL CHARITABLE TRUST | 1 | £1.2m |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | 1 | £150k |
| TRUST FOR LONDON | 1 | £108k |
| THE SAM AND BELLA SEBBA CHARITABLE FOUNDATION | 1 | £45k |
| THE INDIGO TRUST | 1 | £30k |
| JOFFE CHARITABLE TRUST CIO | 1 | £22k |
| POLDEN PUCKHAM CHARITABLE FOUNDATION | 1 | £20k |
Charities like this
- INTERNATIONAL LAWYERS PROJECT
- ROYAL ENGINEERS ASSOCIATION
- THE BLUES AND ROYALS ASSOCIATION
- SOLICITORS PRO BONO GROUP
- THE LAW SOCIETY CHARITY
- THE NATIONAL BENEVOLENT CHARITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SOLICITORS BENEVOLENT ASSOCIATION LIMITED | £1.6m | — | — | unclear | 15.6% | no doubt |
| INTERNATIONAL LAWYERS PROJECT | £508k | £80,001 - £90,000 | 1 | above | — | no doubt |
| ROYAL ENGINEERS ASSOCIATION | £1.7m | £70,001 - £80,000 | — | unclear | — | no doubt |
| THE BLUES AND ROYALS ASSOCIATION | £136k | — | 0 | unclear | — | no doubt |
| SOLICITORS PRO BONO GROUP | £1.0m | — | 0 | above | — | no doubt |
| THE LAW SOCIETY CHARITY | £111k | — | 0 | unclear | — | no doubt |