THE HOOVER FOUNDATION
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
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?
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 |