THE HANOVER TRUST
Latest income
£493k
Latest spending
£488k
Registered
2016
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves increased to £1,069,204, with £68,273 identified as free reserves. The trustees do not maintain a specific reserves policy target beyond ensuring continuity of activities. The independent examiner confirmed that no material matters came to attention during the examination of the accounts.
What the accounts disclose
Reserves policy: The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. (held: £68k)
“The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity.” — page 4
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Unrestricted donations of £236,000 (2022 - £308,000) were received from related companies.
“Unrestricted donations of £236,000 (2022 - £308,000) were received from related companies. The amount due by the subsidiary at the balance sheet date was £872,762 (2022 - £721,253). 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 £12,795 (2022 - £11,414) and the outstanding balance at the year end was £114,419 (2022 - £106,624). Page 10” — page 12
“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 £12,795 (2022 - £11,414) and the outstanding balance at the year end was £114,419 (2022 - £106,624).”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Loan to The Wellington London Trust (charity where a trustee is a close relative of Hanover trustees). Interest charged £12,795. Outstanding balance £114,419.
“Unrestricted donations of £236,000 (2022 - £308,000) were received from related companies. The amount due by the subsidiary at the balance sheet date was £872,762 (2022 - £721,253). 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 £12,795 (2022 - £11,414) and the outstanding balance at the year end was £114,419 (2022 - £106,624). Page 10” — page 12
“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 £12,795 (2022 - £11,414) and the outstanding balance at the year end was £114,419 (2022 - £106,624).”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Amount due by subsidiary at balance sheet date was £872,762.
“Unrestricted donations of £236,000 (2022 - £308,000) were received from related companies. The amount due by the subsidiary at the balance sheet date was £872,762 (2022 - £721,253). 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 £12,795 (2022 - £11,414) and the outstanding balance at the year end was £114,419 (2022 - £106,624). Page 10” — page 12
“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 £12,795 (2022 - £11,414) and the outstanding balance at the year end was £114,419 (2022 - £106,624).”
Per its FY2023 accounts as filed with the Charity Commission.
Trading subsidiary: Slovakian registered company
“The subsidiary is a Slovakian registered company.” — page 10
Per its FY2023 accounts as filed with the Charity Commission.
Trustees
- ROCHELLE FLAMchair
- BERISCH LUDMIR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
The accounts state that unrestricted reserves increased to £1,069,204, with £68,273 identified as free reserves. The trustees do not maintain a specific reserves policy target beyond ensuring continuity of activities. The independent examiner confirmed that no material matters came to attention during the examination of the accounts. Its FY2023 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
| Funder | Year | Amount |
|---|---|---|
| THE WELLINGTON (LONDON) TRUST | FY2025 | £220k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LUBAVITCH EDUCATION TRUST | 1 | — |
| THREE PILLARS TRUST | 1 | £1.2m |
| KOLYOM TRUST LIMITED | 1 | £562k |
| ASSER BISHVIL FOUNDATION | 1 | £296k |
| BROOM FOUNDATION | 1 | £274k |
| ZOREYA TZEDOKOS | 1 | £182k |
| TRUMROS LIMITED | 1 | £142k |
| C E K STERN CHARITABLE TRUST | 1 | £35k |