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THE HANOVER TRUST

Registered charity 1170446 · accounts filings on the Charity Commission register

Making grants to individuals and other charities for relief of poverty and to advance the Orthodox Jewish religion.

Causes: The Prevention Or Relief Of Poverty · Religious Activities · Grant history (this charity is a funder) · Get email alerts

Latest income
£493k
Latest spending
£488k
Registered
2016
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £72,730 against total funds of £1,074,434, with a net movement in funds of £5,230 for the year. The trustees report that the charity achieved a small surplus despite expenditure more than doubling, supported by a 65% increase in income. The filing confirms there are no material uncertainties regarding the charity's ability to continue its activities.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £73k; policy: The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity.)
“The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £1,074,434 (2023 - £1,069,204) of which £72,730 (2023 £68,273) were free reserves.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Unrestricted donations of £474,733 (2023 - £236,000) were received from related companies.
“Unrestricted donations of £474,733 (2023 - £236,000) were received from related companies. The amount due by the subsidiary at the balance sheet date was £991,404 (2023 - 872.762). A loan was made to The Wellington London Trust a charity where a trustee is a close relative of the The Hanover Trust trustees. The loan carries interest at 1% per month. Interest charged in the year was £10,298 (2023 - £12,795) and the outstanding balance at the year end was Nil ((2023 - £114,419). The charity received a loan of £25,000 from Havenmill Corporation Ltd a company where the director is a close relative of a trustee of The Hanover Trust this being repaid shortly after the year end.” — page 13
“A loan was made to The Wellington London Trust a charity where a trustee is a close relative of the The Hanover Trust trustees. The loan carries interest at 1% per month. Interest charged in the year was £10,298 (2023 - £12,795) and the outstanding balance at the year end was Nil ((2023 - £114,419).”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loan made to The Wellington London Trust (charity where a trustee is a close relative of Hanover trustees); interest charged £10,298.
“Unrestricted donations of £474,733 (2023 - £236,000) were received from related companies. The amount due by the subsidiary at the balance sheet date was £991,404 (2023 - 872.762). A loan was made to The Wellington London Trust a charity where a trustee is a close relative of the The Hanover Trust trustees. The loan carries interest at 1% per month. Interest charged in the year was £10,298 (2023 - £12,795) and the outstanding balance at the year end was Nil ((2023 - £114,419). The charity received a loan of £25,000 from Havenmill Corporation Ltd a company where the director is a close relative of a trustee of The Hanover Trust this being repaid shortly after the year end.” — page 13
“A loan was made to The Wellington London Trust a charity where a trustee is a close relative of the The Hanover Trust trustees. The loan carries interest at 1% per month. Interest charged in the year was £10,298 (2023 - £12,795) and the outstanding balance at the year end was Nil ((2023 - £114,419).”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loan received from Havenmill Corporation Ltd (company where director is a close relative of a trustee); £25,000 repaid shortly after year end.
“Unrestricted donations of £474,733 (2023 - £236,000) were received from related companies. The amount due by the subsidiary at the balance sheet date was £991,404 (2023 - 872.762). A loan was made to The Wellington London Trust a charity where a trustee is a close relative of the The Hanover Trust trustees. The loan carries interest at 1% per month. Interest charged in the year was £10,298 (2023 - £12,795) and the outstanding balance at the year end was Nil ((2023 - £114,419). The charity received a loan of £25,000 from Havenmill Corporation Ltd a company where the director is a close relative of a trustee of The Hanover Trust this being repaid shortly after the year end.” — page 13
“A loan was made to The Wellington London Trust a charity where a trustee is a close relative of the The Hanover Trust trustees. The loan carries interest at 1% per month. Interest charged in the year was £10,298 (2023 - £12,795) and the outstanding balance at the year end was Nil ((2023 - £114,419).”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Slovakian registered company
“The subsidiary is a Slovakian registered company.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England · United States

Income and spending

Financial year endIncomeSpending
31/12/2024£493k£488k
31/12/2023£299k£232k
31/12/2022£358k£226k
31/12/2021£122k£120k
31/12/2020£423k£137k

Common questions

Is THE HANOVER TRUST financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £72,730 against total funds of £1,074,434, with a net movement in funds of £5,230 for the year. The trustees report that the charity achieved a small surplus despite expenditure more than doubling, supported by a 65% increase in income. The filing confirms there are no material uncertainties regarding the charity's ability to continue its activities. Its FY2024 accounts were independently examined.

Who funds THE HANOVER TRUST?

Funders whose own accounts filings name THE HANOVER TRUST as a grant recipient include THE WELLINGTON (LONDON) TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE WELLINGTON (LONDON) TRUSTFY2025£220k
THE WELLINGTON (LONDON) TRUSTFY2024£5k

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
LUBAVITCH EDUCATION TRUST1—
EZER VIZNITZ FOUNDATION1£2.7m
THREE PILLARS TRUST1£1.2m
DOVER SHOLEM COMMUNITY TRUST1£822k
THE TALMUD TORAH MACHZIKEI HADASS TRUST1£677k
BELZ FOUNDATION LTD1£621k
KOLYOM TRUST LIMITED1£562k
AMABRILL LTD1£394k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with BEFORE TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE HANOVER TRUST£493k—0below—no doubt
BEFORE TRUST FY2025£219k—0unclear—no doubt
AHAVAS CHESED TRUST FY2025£4.2m—0unclear—no doubt
DEBMAR BENEVOLENT TRUST LIMITED FY2025£396k—0within—no doubt
MORESHET HATORAH LTD FY2025£5.6m—0below—no doubt
TZDUKES YAKOV FY2025£118k—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.