Sir Harry & Lady Judith Solomon Charitable Foundation
General Charitable Purposes
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £8,781,466, which the Trustees consider appropriate and above their stated target range of £8m-£10m. The charity reported a significant increase in net assets to £8,781,466 from £5,031,891 in the prior year, driven by donations and investment gains, while maintaining a going concern basis without material uncertainty.
What the accounts disclose
“To achieve this without restricting the Trust's ability to make grants at the current rate, the Trustees have set the sum of £8m-£10m as their reserves target and aim to achieve this through their investment strategy and donations.” — page 6
“The charity made grants totalling £50,000 (2023: £50,000) to The Portland Trust of which Sir Harry Solomon is a connected person.” — page 28
“There was also one grant totalling £5,000 (2023: £37,500) to charities of which other Trustees are a trustee. The grant of £5,000 was paid to The Shine for Shani Charitable Trust.” — page 28
“The charity made grants totalling £50,000 (2023: £50,000) to The Portland Trust of which Sir Harry Solomon is a connected person.” — page 28
“There was also one grant totalling £5,000 (2023: £37,500) to charities of which other Trustees are a trustee. The grant of £5,000 was paid to The Shine for Shani Charitable Trust.” — page 28
“The charity made grants totalling £50,000 (2023: £50,000) to The Portland Trust of which Sir Harry Solomon is a connected person.” — page 28
“There was also one grant totalling £5,000 (2023: £37,500) to charities of which other Trustees are a trustee. The grant of £5,000 was paid to The Shine for Shani Charitable Trust.” — page 28
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- SIR HARRY SOLOMONchair
- DANIEL MARK SOLOMON
- GEOFFREY R JAYSON
- JULIET KATE SOLOMON
- James Benjamin Jacobs
- Kate Polly Jacobs
- Louise Sara Jacobs
- Sam Jack Jacobs
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.0m | £724k |
| 31/12/2023 | £626k | £694k |
| 31/12/2022 | £820k | £628k |
| 31/12/2021 | £391k | £490k |
| 31/12/2020 | £317k | £434k |
Common questions
Is Sir Harry & Lady Judith Solomon Charitable Foundation financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £8,781,466, which the Trustees consider appropriate and above their stated target range of £8m-£10m. The charity reported a significant increase in net assets to £8,781,466 from £5,031,891 in the prior year, driven by donations and investment gains, while maintaining a going concern basis without material uncertainty. Its FY2024 accounts were audited by BKL Audit LLP.
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Sir Harry & Lady Judith Solomon Charitable Foundation | £4.0m | — | 0 | unclear | — | no doubt |
| THE HARRY & MARY FOUNDATION | £632k | — | 0 | unclear | — | no doubt |
| SOLEV CO LIMITED | £276k | — | 0 | above | — | no doubt |
| THE CHARLES RUSSELL SPEECHLYS FOUNDATION | £639k | — | 0 | unclear | — | no doubt |
| THE HARRISON-FRANK FAMILY FOUNDATION (UK) LIMITED | £884k | — | 0 | unclear | — | no doubt |
| THE SOLO CHARITABLE SETTLEMENT | £545k | — | 0 | unclear | — | no doubt |