THE GROVE CHARITABLE TRUST
The Charity is established to further those purposes recognised as charitable by English Law and in furtherance of the aforementioned objects, the Charity receives income from its cash deposits and fixed asset investments which it utilises in the provision and distribution of grants and donations.
Objects
1. TO ADVANCE EDUCATION IN AND THE RELIGION OF THE ORTHODOX JEWISH FAITH. 2. FOR THE RELIEF OF POVERTY. 3. SUCH OTHER PURPOSES AS ARE RECOGNISED BY ENGLISH LAW AS CHARITABLE.
Financial health, per its FY2024 accounts
The accounts state that the charity holds £363,621 in unrestricted funds, which the trustees consider adequate to continue activities. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity reported a net income increase to £86,289, driven largely by net gains on investments.
What the accounts disclose
“It isthe charity’s policy to maintain unrestricted funds in order to ensure that it is in a position to continue its grant-making activities at a level consistent with those which have been maintained in recent years and to cover contingencies” — page 4
“Donations of £380 were made to Friends of Mosdos Sanz of Safad, a charity whose trustees include a trustee of the charity.” — page 13
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Trustee conflicts of interest policy and procedures
Trustees
- MR M BODNERchair
- MR A DENDEROWICZ
- MR B BODNER
- STEVEN BODNER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £55k | £4k |
| 31/12/2023 | £8k | £4k |
| 31/12/2022 | £3k | £31k |
| 31/12/2021 | £2k | £21k |
| 31/12/2020 | £2k | £4k |
Common questions
Is THE GROVE CHARITABLE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds £363,621 in unrestricted funds, which the trustees consider adequate to continue activities. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity reported a net income increase to £86,289, driven largely by net gains on investments. Its FY2024 accounts were independently examined.