SOLEV CO LIMITED
General charitable purposes, but with particular reference to Jewish education and religious activities, and medical and relief of poverty.
Objects
TO FURTHER THOSE BOTH IN UNITED KINGDOM AND ABROAD RECOGNISED AS CHARITABLE BY ENGLISH LAW.
Financial health, per its FY2025 accounts
The accounts state that the charity has unrestricted reserves of £6,271,072, which the trustees consider sufficient to cover future costs and grants. However, the financial statements have been prepared on a basis other than going concern because the trustees are in the process of transferring assets to another charity to wind up the entity, a process pending regulatory approval.
What the accounts disclose
“Investment income 2 275,884 275,884 299,538” — page 10
“There is a cash balance being held, to cover future governance and other costs and the charitable grants that the trustees will be considering in the future. These reserves together with the investment income will be more than sufficient to cover future proposed charitable grants.” — page 5
“During the year the charity made grants of £35,000 (2024: £6,250) to British Friends of Bar Ilan University. Mr R Tager, former trustee of Solev Co. Limited is a trustee of British Friends of Bar Ilan University.” — page 16
Charity Commission inquiry
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 1
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 1
- Grant-making is its main activity
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 4 were received after the due date: year ending 31/03/2024 (received 04/03/2025, 32 days after the 31/01/2025 due date); year ending 31/03/2023 (received 03/03/2025, 397 days after the 31/01/2024 due date); year ending 31/03/2022 (received 27/02/2023, 27 days after the 31/01/2023 due date); year ending 31/03/2021 (received 01/04/2022, 60 days after the 31/01/2022 due date).
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £276k | £149k |
| 31/03/2024 | £300k | £79k |
| 31/03/2023 | £318k | £354k |
| 31/03/2022 | £302k | £435k |
| 31/03/2021 | £284k | £266k |
Common questions
Is SOLEV CO LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity has unrestricted reserves of £6,271,072, which the trustees consider sufficient to cover future costs and grants. However, the financial statements have been prepared on a basis other than going concern because the trustees are in the process of transferring assets to another charity to wind up the entity, a process pending regulatory approval. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PRISM THE GIFT FUND | 1 | £12.5m |
| COMET CHARITIES LTD | 1 | £310k |
| THE ABC TRUST | 1 | £247k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £118k |
| REIFER MEMORIAL LIMITED | 1 | £38k |
| NORTH LONDON WELFARE AND EDUCATIONAL FOUNDATION | 1 | £35k |
| STEINBOCK FOUNDATION | 1 | £30k |
| HOPEGROVE | 1 | £10k |
Charities like this
- KOLLEL YETEV LEV LTD
- HALEV LIMITED
- COMETVILLE LIMITED
- SIVA CHARITABLE FUND
- BOBOV (M/C ) LTD
- J E JOSEPH CHARITABLE FUND
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SOLEV CO LIMITED | £276k | — | 0 | above | — | no doubt |
| KOLLEL YETEV LEV LTD | £376k | — | 0 | unclear | — | no doubt |
| HALEV LIMITED | £1.3m | — | 0 | unclear | — | no doubt |
| COMETVILLE LIMITED | £204k | — | 0 | unclear | — | no doubt |
| SIVA CHARITABLE FUND | £846k | — | 0 | unclear | — | no doubt |
| BOBOV (M/C ) LTD | £446k | — | 0 | unclear | — | no doubt |