THE HOOVER FOUNDATION
THE HOOVER FOUNDATION SUPPORTS REGISTERED UK CHARITIES IN WALES, ENGLAND AND SCOTLAND, PARTICULARLY IN THE HOOVER LOCATIONS IE GLASGOW, SOUTH WALES AND BOLTON. THE FOUNDATION DOES NOT SUPPORT INDIVIDUALS.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves increased to £4,159,230, with the trustees considering these assets adequate to fulfil the charity's obligations. The charity reported a net movement in fund of £150,346, driven by investment gains, while total expenditure remained low at £36,636. The trustees confirmed the use of the going concern basis of accounting with no material uncertainties identified.
What the accounts disclose
“Income from: Investments Investment income 4 102,634”
Trustees
- Lawrence Edwards-Smajda
- Matthew Given
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £103k | £37k |
| 30/09/2024 | £99k | £20k |
| 30/09/2023 | £66k | £15k |
| 30/09/2022 | £91k | £31k |
| 30/09/2021 | £97k | £19k |
Common questions
Is THE HOOVER FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves increased to £4,159,230, with the trustees considering these assets adequate to fulfil the charity's obligations. The charity reported a net movement in fund of £150,346, driven by investment gains, while total expenditure remained low at £36,636. The trustees confirmed the use of the going concern basis of accounting with no material uncertainties identified. Its FY2025 accounts were audited by Cooper Parry Group Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |
Charities like this
- THE SUPPORT FOUNDATION
- HUO FAMILY FOUNDATION (UK) LIMITED
- UKH FOUNDATION
- HOPE FOUNDATION HELPING THE HELPLESS
- THE HELPING FOUNDATION
- THE HARRY & MARY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE HOOVER FOUNDATION | £103k | — | 0 | unclear | — | no doubt |
| THE SUPPORT FOUNDATION | £190k | — | 0 | below | — | no doubt |
| HUO FAMILY FOUNDATION (UK) LIMITED | £18.5m | — | 1 | below | — | no doubt |
| UKH FOUNDATION | £119k | — | 0 | unclear | — | no doubt |
| HOPE FOUNDATION HELPING THE HELPLESS | £254k | — | 0 | unclear | — | no doubt |
| THE HELPING FOUNDATION | £34.8m | — | 0 | above | — | no doubt |