SOLEV CO LIMITED
General charitable purposes, but with particular reference to Jewish education and religious activities, and medical and relief of poverty.
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
“Interest of £nil (2024 - £147) was charged to the charity by Hatzlocho Limited in the year.” — page 16
“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
“Interest of £nil (2024 - £147) was charged to the charity by Hatzlocho Limited in the year.” — page 16
Charity Commission inquiry
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 |
|---|---|---|
| GILMOOR BENEVOLENT FUND LIMITED | 2 | £237k |
| COMET CHARITIES LTD | 2 | £70k |
| HURDALE CHARITY LIMITED | 2 | £60k |
| OLLINGHAM LIMITED | 2 | £55k |
| YBP LIMITED | 1 | — |
| AMUD HATZDOKOH TRUST | 1 | £4.6m |
| SAMJO LIMITED | 1 | £1.1m |
| CMZ LTD | 1 | £435k |
Charities like this
- THE SOLO CHARITABLE SETTLEMENT
- Sir Harry & Lady Judith Solomon Charitable Foundation
- SHULEM B. ASSOCIATION LIMITED
- J E JOSEPH CHARITABLE FUND
- LECHEM SHLOMO
- SHULOM ROV CHARITIES
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 |
| THE SOLO CHARITABLE SETTLEMENT | £545k | — | 0 | unclear | — | no doubt |
| Sir Harry & Lady Judith Solomon Charitable Foundation | £4.0m | — | 0 | unclear | — | no doubt |
| SHULEM B. ASSOCIATION LIMITED | £5.1m | — | 0 | below | — | no doubt |
| J E JOSEPH CHARITABLE FUND | £130k | — | 0 | below | — | no doubt |
| LECHEM SHLOMO | £910k | — | 0 | unclear | — | noted |