Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 REGISTERED COMPANY NUMBER: 1322S99S (England and Walèsl REGISTERED CHARITY NUMBER: 1198428 R•port of tho Tru$t••s and Flnancial Statements for the Year Ended 31 December 2024 HILTON UK FOUNDATION Knox Cropper LLP Chartere(l Acwuntsnts and Slatthory Auditors 153-155 London Road Hemel Hempslead Hertforilshi HP3 9SQ Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION Contents of the Flnanclal Statements for the Year Endod 31 December 2024 Page Report ot the Trustees Report of the Inde￿ndent Auditors statem•nt of Financlal Actlvitles Balance Sh88t 10 Cash Flow Stat•m•nl Notès to thè Cash Flow Statsmènl 12 Not•$ to the Flnanclal Stst•m•nts 13 to 17 Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION IREGISTEREO NUMBER: 132259 Report of the Trustees for the Year Ended 31 December 2024 Found haréin is the Trustses, Annual Rew)rt tiyJèthèr the finanryal slatemgnts of the Charity for the year ended 31 December 2024 Ithe "Reporting Period"). The Annual Report serves the purposes of both a Trustees. report and a direct¢Jrs' rewrt under company law. The trustees (the Yrustees") confim that the Annual Report and financial ststements of the Charity Comply wth the Current ststutory ￿qUIreMents, the requirements of the Charily's governing dcxajmenl the provisions of the Statement of Recommended Practice ISORPI applicable lo charities Preparing their accounts in aC￿rdan￿ wth the Financial Reporh'ng Stsndard 8ppli¢abl8 in the UK and Republ￿ of Irelan¢J IFRS1021 {effe¢tive 1 January 20191- Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION IREGISTEREO NUMBER: 132259 Report of the Trustees for the Year Ended 31 December 2024 OBJECTIVES AND AcnMnES Objectives and aims The principal Object of the Charity 15 to advance Such chartsble purposes 85 the Trustees see fil. This includes, but is not limited to, environmental protection and improvement f￿lls1ng on energy, water and waste, training wth a focus on careers. and community deVeknp￿￿nt. The Charity also provides support to youn9 people lages 1 &301- How to achieve this Object - The Charity wll advance this Object by partnering with other registered charities lor enlilies pursuing charitable purpK)se51 in line with the ChariV5 objecb"ves. The Trustees will peTi¢yJically throughout the year review and approve grants to organizations that furthèr thè Charitys mission. The Charity w85 inu)rw)rated on 25 February 2021 with Companies House and received charitable status from the Charity Commission on 29 March 2022. The main activities of the Charty during the Reports'ng Period have been to conbnue lo set up operating processes and procedures, to host N¥0 fundraising events. and lo raviaw and approv6 grants. Grant m•klng poll¢y Funding Prioriligs The Trustges are keen lo support activilies that advance the Object in an effective way. However, they recognise that a limited amounl of funds is available to distribute each year. The Trustees. current funding priorities are lo support initsatives in the ftAlowing areas - Environmental protection and improv8ment foc#Jssing on energy Water and waste - Training with a locus on ca￿er5 - C¢)mmunity development The Truslees may occasionally award grants that fall outside U)e priorib"es, provided that they are saUsfi8d that tho grant will furth¢r th¢ Obj¢ct and is an appropriate use of Iho Charty'$ fvnds. The Trustees review the granl-making priorities 8nd wnCIp￿S annualty. Grant Applications- The Trustees will usually only award grants lo organisations based in the UK that either - Are registered as charities with the Charity Commission for England and Wales. OSCR. the Swttish Charity Regulator andlor the Charily Commission for Northem Ireland.. arKVor Qualify as charities under the law of England and Wales but a￿ Th)t required to ￿gIster with the Charlty Commission for England and Wales. However. the Trustees may also (x)nsider proFX)sals from ¢h81ilies th818re estsblished outside the UK and non-charitable organisations that are estsblished either in the UK or elsewhere. All grant prow)sals musl be ma(Je in writing or on-line. using fomis or meththys prescribed by the Charity from timo to ts'me. Proposals must explain in detail how the grant wll be used and put forward a strong G9$9 for support. Selecting Grantees - The Trustees have ulbmate ￿S￿￿sibilIty for all granl-maknng deasions and for ensuring that all funds awarded are used to advance the Obj'ect. When the Trustees are considering a grant-funding pro￿saI, they will undertake due diligence thecks on the applicant. The checks that are undertaken wll vary according to the Trustees. assessment of any risks associated vnth the proposal or the applicant. Trustees and their des￿nated team nobfy grant reupients of their decision in wribng and the Trustees. decision is final. Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION IREGISTEREO NUMBER: 132259 Report of the Trustees for the Year Ended 31 December 2024 Rewrting - The Trustees will tske steps to monitor the use and impact of the grant and venfy that the grant is usèd for thè purtK)sès that havé ￿en agréed. Thè artangémènts for monitoring will vary aceording to tha nature of the grant. but the Trustees wll afvmys seek to ensure that the arrangements are appropriate and proportionate. Public benefit The Trustees confim th81 they have referretl lo the guidance (x)ntsined in the Ch8rty Commission's gen8r81 guidance on puNic benefit when rewwng the Charitys aims and objectives and in the planning of future activities. STRATEGIC REPORT Flnanclal position Fundin9 Sources The Tnjstees anticipate thal the ￿1n￿par SOU￿ of funding for the Charity will be fundraising events tsking place twce per year. Reserves pollcy The Charity's unrestri¢l8d reserves as of 31 Oecember 2024 was £812.456. General funds ar8 unr8slricled or free reserves which are aVaila￿e for use at the discreb'on ol the Trustees in furtherance of the Objeds of the Charity and which have not been designaied for other purp)ses. Golng concom After making appropriate enquiries. the Trustees have a reasonable exp8ctstion that the Charity has adequate resources to continue in 0￿ratIonal existence for the foreseeable luture. Compllanc• wlth the Charlty Gov•rnanc• Cod• The Trustees are aware ol the requiremen15 of the Charity Govemanth Code and ensure the charitable operations comply with this code where appropriate. Prlnelpal rfsks and uncèrtalntlès The Trustees have assessed the major risks lo whith the Charty B exFwd. in particular th¢)se rolated to th¢ operation5 and finanra5 of the Charity and are satisfied that 5y5tems and procedures are in place lo miligale exposu￿ lo the major risks. The Trustees consider the main risks lo be lil the bss of the good reputation of tha Charity and lill the cessab'on ol donations received. Al risks are con%der8d by th8 Trust88 board on a regular basis and efforts are made to miioate any risks wherever possible. Future plans The Charity plans lo conduct fuNJraising activilies al least tw.ce a ye8r. The Charity will make donations to such enlilies as it deems fil to oJniinue its charitable work. Thè Trustèès wll dèvèlop strateg￿$ to inrxease the profilg of tho Charity and Klentify additional fundraising opportunities. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docum•nt The Charily is controlled by lis goveming documenl, the Memorandum and Articles of Assoaation, and consts'tuled as a limited company, limited by guarant￿, as defined by the Companies Act 2006. Organisational structure The Charity is governed by the Trustees who h8ve a duty. ading al all b.mes in the best interests of the Charity, to apply the Charilys assets io advan￿ the Oty'ect and have ullimate responsibility for all granl-making deusions. Appointment of Trustees Any person who Is willing lo act as 8 Trustee. and who is p*mrtled bylaw to do so, may be ap￿inted lo be a Trustee by ordinary resolution. Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION IREGISTEREO NUMBER: 132259 Report of the Trustees for the Year Ended 31 December 2024 REFERENCE AND ADMINISTrATIVE DETAILS Registered Company number 13225995 (England ar￿ Wales) Reglstered Charlty number 1198428 Règlstèred offle• Maple Court Central Park Reeds Crescent Watford Hertfordshirg WD24 4oa Trustees S P Cassidy Director P J Farrow Vice P￿sident Ms P A Page•ChaMp￿n Sr W￿6 President Company Secretary HLT Secretary Limited Audltors Knox Cropper LLP Chartered Accountants antj Statuw Auditrys 153-155 London Road Hemel Hempstead Hertfordshiro HP3 9SQ STATEMENT OF TRUSTEES. RESPONSI8ILmES The Iruslees (who are also the directors ol Hilton UK FourKIatiC￿ the purposes of company lawl are responsiblè for preparing the Report of tho Trustses and the finanaal stat8mgnts in accordan¢e with applicable law and United Kingdom ACCoun￿r￿J StarKtsrds (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the trustees to prepare finanaal slatements for each financial year which give a true and f8ir view Of the stsle of affairs of the charitsble company and of Ihe inwming resources and appli¢alion of resources, including the income and expenditu￿. of ts charilablg company for that pgriod. In preparing those financAal statements, the trustees are required lo sèl8Ct suitablè accounting tK>liuès and th8n appty them con$istenUy'. observe the methods and prina ￿eS in the Charity SORP: make judgements and estimates that are reasonable and prudent.. state whether applicable a¢¢ounting stsndards have been followed. subjed to any material departures disdosed and explained in the financial stalements., prepare the financial slalements on the going (x)n￿M basis Un￿ il is inappropriate lo presume that the charitablè company will continu8 in business. The trustees are responsible for keepiThJ Pro￿ a(¥xKJnting re¢xrds which di5dose wth reasonable accuracy at any time the financial posib.on of the charitable company and to enable them to ensure that the financial statements compty wth the Companies Act 2006. They a￿ also responsible for safeguarding the assets of the charitable company and he￿￿ for taking reasonable steps for the prevenb.on and delecb.on of fraud and other irregularities. Page 4 Docusign Envelope ID: BA5B8E1C-5CF7-4D82-8465-6923582795B1 Docusign Envelope ID: 807A28E8-0A95-4170-842D-E97BFD7F049C **HILTON UK FOUNDATION (REGISTERED NUMBER: 13225995)** **Report of the Trustees for the Year Ended 31 December 2024** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued** In so far as the trustees are aware: - there is no relevant audit information of which the charitable company's auditors are unaware; and - - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. ## **AUDITORS** The auditors, Knox Cropper LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. > Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 24 September 2025 and signed on the board's behalf by: Mr Stephen Cassidy - Trustee Page 5 Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 Report of the Independent Auditors to the Pknbw5 of Hilton UK Foundation Opinion We have audited the financial statements of Hilton UK Foundats"on {the 'CharItab￿ companll for the year ended 31 De¢ember 2024 whith comprise the St*ement of Financial Acb"wties, the Balance Sheet, the Cash Flow Statement and notes to the finanaal statemenls, induding a summary of significant accounting policies. The finanaal reporting framework that has been applied in their preparation is applicable law and United Kingdom A¢¢ounling Standards Iuniled Kingdom Generally A¢¢epte(l Accounting Pra¢bcel. In our opinion the financial statements.. give 8 true and fair view of the state of the th8rilable wmpanls affairs as al 31 Dwmber 2024 and ol its incoming resources and applicaticffl of resources. induding ils income and exFenditure, for the year then ended., have been properfy prepare(l in a¢¢ordanc* wth United KingJ¢xn Generally A￿epted A(xxJunting Practice; and have been prepared in accordancE vthh the requirements of the Companies Act 2￿. 8asl8 for oplnlon We Conducted our audit in 8ccord8nce lntemab.onal S18nd8rtJs on Avdib"ng IUKI IISAS IUKII and applicable law. Our resw>nsibilities under those standards are further desctibed in the Auditors, responsibilities for the audit of the financial statements SeCt￿n of our report. We are independent of the charilablo company in accordance with the ethical requirements that a￿ relevant to our audit ol the financial ststements in the UK, indudin9 the FRC'S Ethical Standard, and we have ftjlfilled our other ethi￿1 responsibilities in accordance with Ihese requirements. We b8lieve that the audit evidencé we have obtained is sufficient and appropriate lo provide a basis for our opinion. Con¢lu$lon$ rtlatlng to golng ¢on¢ern In 8udiling th8 financial statements, we have conduded th81 the truslees, use ol the going o)ncgm basls of accounb'ng in th8 preparabon ol the financial slatements is appropriats. Based on the work we have perfomed, we have nol identrfied any material uncertainties ￿lating to events or conditions that, individually or collectively, may cast s￿nifiCan[ doubt on the charitable fL)mpany's abilrty to continue as a going concem for a period of at least Iwelve months from when the finantial statements are aulhorised issue. Our responsibilities and the responsibilithes of the trustees wilh respect to going ts)rthm are de%ribed in the relevant sections of this ￿pOrt. Olhèr Infomatlon The IrLJStees are responsible for Iho other infomiation. Tho othor inlormation comprises the infomiation included in the Annual Report. other Ihan the fina￿al stater￿lS arKI our Re￿ of the Independent Auditors Ihereon. Our opinion on the finanaal statements does not cover the olher inforrnation and, ex￿p1 to the extent olhewse eXplic￿Y stale¢J in our report. we do not express any foryn of 8ssuran¢* conclusion Ihereon. In conneclKJn with our audit of the financial statements. our responsibility is to read the other infomialion and. in doing so. consider whether the other information Is malwially in(x)nsislenl wlh the fin8nry81 stslemenls or our knowledge obtained in the audrt or othervAse appears to be materially misstated. If we identify such material inconsislencies or apparent material missiatements. we are required lo detemiine whether this gives rise to a materi81 misstslemenl the financi81 stslements themsefves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomation, we are required to report that fact. We have nothing to report in this reg￿. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit.. tha information gNèn in the R8port of thè Tmstèès for thè finana31 for which th8 finanu31 stat8mènts are prepared is c(Insistenl wth the financial stalements., and the Report of the Trustees has been prepareLI in a(yx)r(lance a￿lCable legal requirements. Page 6 Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 Report of the Independent Auditors to the Pknbw5 of Hilton UK Foundation Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable ojmpany and tts environrnenl obtsined in the course of the audit. we have rK)t ￿ents"fied material misstatements in the RetKMt of the Trustees. We have nothing lo report in respect of the fdlowng matters where the Companies Act 2006 requires us lo report to you if, in otjr opinion.. adequate accounting records have not been kept or retums adequate for our audit have not been received from branches not visited by us.. or the financi81 st8tements are not in agreement wrth Ihe a¢oxJnbng re(xyds and retums.. or certain disdosures ol trustees. ￿MuneratiOn speafied by law a￿ not made.. or we have not received all the irrformakn'on arHJ explanations we require lor our audit. Re5ponsibilitie5 of tru5t8e5 As trxplainéd more ftjlly in the Statement of Trtjslees, ResKKN)sibililies, ¢he trustees (who are also the dire¢tors of the charitable company for the purposes of company lawl are ￿spOnSible for the preparation of the rinancial statements and for being satisfied that they give a true and fair wew. and lor such internal control as the Iruslees delemine is necessary to enable the preparal*)n of finanaal statements th81 a￿ free from material misstatemenl, whether due lo Iraud or errrx. In preparing Ihts financial stslemenls, the Injslees are respy)nsible for assessing the ch8ritsble ￿Mp3n1$ ability io conts'nue as a going ¢on¢em. disdosing, as applicable, matters related to going con¢em and using the going concem basis of accounting unless the tnjstees either intsnd to liquidats the charitable company or lo cease operations. or have no ￿all$￿¢ allemats.ve bul lo do so. Our r•$pon$lbllltl•$ for the audlt of th¢ Ilnan¢lal $tatsments Our objectivès arÈ lo obtain reasonab￿ assurance about whèther the finanryal statements as a whob are free from material misstatement, whether due to fraud or error, and to issue a Report ol ihe Independent Auditors that includes our opinion. Re8sonable assurance is 8 h￿h ￿¥t1 of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI wll always detect a material misststemenl when it exists. Misstatements can arise from fraud or erTor and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence Ihe e¢1%￿mie decisions of users taken on the basis of these financial statements. The extent to whith our procedures are capable of detecting irregularitiès, induding fraud is detailed below.. Irregularits'es, induding fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilrties. cMJUined above. to detect material misstatements in respect of irregulariti'es, including fraud. The exlenl lo which our procedures a￿ capable of detecting irregularities. including fraud is detailed belw= . The Charity is required lo compty tharity law and base(l ￿ ¢xJr knoyledge of ts actiV￿e8, we identified that was of key significance. We gained an understanding of how the charity complied wlh its legal and regulatory framework through discussions with management 8nd 8 ￿￿eW ofthe (l(￿Mented poliues. procedu￿5 and controls. The audit team, which is experienced in the audil of charities. considered the charity's susceptibility to material misstatement and how fraud may cwjr. Chjr ci)nsideTations included the risk of management override. . Our approach included reviewng journal adjuslments and unusual transaclions. The￿ are inherent limtslions in the 8u¢Jrt prcmxju￿s described above an¢J. the further removed non-compliance wth laws and regulats'ons is from the events and transactK)ns reflected in the financial statements, the less likety we would become aware of il. The risk of not detecting a material rnisstatement due to fraud is higher than the nsk of not deleth.ng one resulb.ng froffl error. as fraud may invdve deliber8le concealment by, for example. forgery or inlentional misrepresentations. or through collusion. A further ￿e$¢￿p￿On of our resFM)n$ibil￿.es for the audrt of the financial statements is located on the Financial RetK)rbng Council's website at www.frc.0rg.uklauditors￿s[M)nSlb1lIts'eS. This description fom)s part of our Report of the Independent Audr(oTs. Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 Report of the Independent Auditors to the Pknbw5 of Hilton UK Foundation Use of our report This report is made solely to the charrtable (￿1PanIS MemL￿s, as a trmxly, in accordance with Chapter 3 of Part 16 of the Companies Art 2006. Our atKlit work has been ￿r￿ertaken so that we might stste to the charitable company's members those matters we are required to state to them in an auditors. report and for no other purpose. To the fvllesl extent perrnitted by law. we do not awpl or assume responsibility lo anyone other than th8 Charitable company and the d)aritable (xjmpanls members as a body, for our audit work, for this report, or fcx Ihe opinions we have fomied. Stephen Anderson (Senior Statutory Auditor) for and on behalf of Knox Cropper LLP Chartered Accountants and Statulw Audito 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ 24 September 2025 Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION Statement of Financial Activities for the Year Endod 31 Dec8mb8r2024 2024 u￿￿trIde￿ fvnd 2023 Total funds INCOME AND ENDOWMENTS FROM other trading activities 852,172 770,385 EXPENDITURE ON Raising funds 341,629 70,941 Charitable actlvitles Granis and Donations 450.000 478,366 Total 791,629 549,307 NET INCOME 60.543 221,078 RECONCILIATION OF FUNDS Total funds brought forward 751.913 530,835 TOTAL FUNDS CARRIED FORWARD 812.456 751,913 The noles fcAm pari of these finarrial slalernents Page 9 Docusign Envelope ID: BA5B8E1C-5CF7-4D82-8465-6923582795B1 Docusign Envelope ID: 807A28E8-0A95-4170-842D-E97BFD7F049C ## **HILTON UK FOUNDATION (REGISTERED NUMBER: 13225995)** ## **Balance Sheet 31 December 2024** |||**2024**|2023| |---|---|---|---| |||**Unrestricted**|Total| |||**fund**|funds| ||Notes|**£**|£| |**CURRENT ASSETS**|||| |Debtors|10|**121,105**|118,790| |Cashatbank||**702,511**|643,443| |||**823,616**|762,233| |**CREDITORS**|||| |Amountsfallingduewithinoneyear|11|**(11,160)**|(10,320)| |**NET CURRENT ASSETS**||**812,456**|751,913| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||**812,456**|751,913| |**NET ASSETS**||**812,456**|751,913| |**FUNDS**|12||| |Unrestrictedfunds||**812,456**|751,913| |**TOTAL FUNDS**||**812,456**|751,913| The financial statements were approved by the Board of Trustees and authorised for issue on 24 September 2025 and were signed on its behalf by: Mr Stephen Cassidy - Trustee The notes form part of these financial statements Page 10 Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION Cash Flow Statement for the Year Ended 31 Dec8mber2024 2024 2023 Noles Cash flows from op8ratlng activbtles Cash generated from operations 59,068 113.647 Net cash provided by operating activities 59.068 113,647 Chang• In eash and eash •qulval•nts in the reporting period Cash and cash equivalents at th• b•glnnlng of th• r•portlng porl¢xl 113.647 643,443 529,796 Ca$h and ¢a$h ￿Ul¥al9nts at th• end of the reporting period 702,511 643,443 The noles f(*m partofthese firwKial Stslen￿ts Page11 Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION Notes to the Cash Flow Ststement for the Year Endod 31 December 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net In¢omè for thè reporting perkxl las per the Statement of Financial Activities) AdSuslments for.. Ilncreaselldecrease in debtOfS Increaselldecreasel in (xeditrNs 60,$43 221,078 12.3151 8,561 1115.9921 Net cash provided by operations 113,647 ANALYSIS OF CHANGES IN NET FUNDS At1.1.24 Cash ftow At 31.12.24 N•t cash Cash al bank 59,068 702,511 59,068 702,511 Totsl 643,443 59,068 702,511 The noles f(*m partofthese firwKial Stslen￿ts Page 12 Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION Notes to the Financial Statements for the Year Endod 31 December 2024 ACCOUNTING POLICIES Ba$1$ of preparing the finan¢ial $tstgments The financial statements of the charitable company. vthid) is a public knefit entity under FRS 102, have been prepared in accordan￿ with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. StaleTNent of Recommended Practice applicable lo tharib.es preparing their accounts in accordance the Finanual Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effective 1 January 20191., Finanaal ReFrt)rting Standard 102 'The Financial RepDrb'ng Standard applicable in the UK and Republic of Irel8nd' arHJ the Companies Act 2006. The financial statements have b88n prepared under th8 histrrricxl cost (ThventK)n. Income l income is recognised in the Siatement of Finanaal Activiiies once the charity has entiuemenl to the lunds. rt is probable that the inu)me will be recEived and the amount can be measured reliably. Expendlture Liabilitiès are recognis8d as expendilure as swn as there is a legal or constructs've obligation mmitting the chanty to that expenditure, it is probable that a transfer ol economic benefits will be required In setuemenl and the amount of Ihe obligation can be measured reliably. Expenditure IS accounted for on an accruals basis and has been dassrfied under headings that aggregate 811 cost related to the category. Where cosls cannot be directly attn'buted to particular h8adin9S thèy have been allocated lo activities on a basis consislenl wth the use of resources. Grants offered subjed lo conditions which have not mel * the year end date are noted 8s a c£*mmilment bul not accrued as expenditure. Taxatlon The charity is exempl from ￿rpOral￿)n tsx LM) its charitable activ￿eS. Fund accountSng Unreslricled funds can bg used in 8cctyd8n¢e wrth the charitsble objectives al the discretion of th8 trustees. Restricted funds can only be use(1 for particular r8sln.cled purposes vhthin th8 objocts of th8 charity. Restrictions arise when specified by the donor or when fvnds are raised for particular restricted purposes. Further exp1ar￿tIon of the n3￿re and purpose of each fund is induded in the notes lo the financial slatemenl5. OTHER TRADING AcTIV￿lEs 2024 2023 Fundraising events 852.172 770,385 PagE 13 continued... Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION Notes to the Financial Statements- conlinued for the Year Endod 31 December 2024 RAISING FUNDS Rai$ing d¢nation$ and1oga¢i¢s 2024 2023 Fundraising expense5 Support costs 331,278 10,351 62.781 8,160 341.629 70,941 CHARITABLE AcnMnES COSTS Grant funding of activib-es Is98 no19 51 Grants and Donations 450,000 GRANTS PAYABLE 2024 2023 Grants and Donations 450,000 478,366 The lolal grants paid to institutions duriThJ the year was as follows: 2024 2023 Aurora Fee Ltd Chari119s Aid Willow Foundation Unseen UK Springt*)ar(I Landaid Downs Syndrome The Right Course 150,000 65,000 73,366 80.000 65,000 65,000 65,000 65,000 150.000 150,000 450.000 478,366 Pag2 14 continued... Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION Notes to the Financial Statements- conlinued for the Year Endod 31 December 2024 SUPPORT COSTS Govemance Costs Finan Totals Raising donations and legacAes 931 9,420 10,351 NET INCOMEIIEXPENDrruREI Nel incomellexpendrturel is stated after ChargIn￿{credItingl'. 2024 2023 Auditors, remuneration Auditors. remuneration for n(￿ audit work 9,420 6,000 2,160 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneralion or olher b8nefits for Ihe year eNled 31 Decemb8r 2024 nor for the year ended 31 December 2023. TrustO09' 0x￿n¥*i Therg werg no trustees, expenses Pa￿ for the year e￿Ied 31 December 2024 nor lor the year endgd 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unresthctsd fund INCOME AND ENDOWMENTS FROM Other trading activit*s 770,385 EXPENDITURE ON Raising ftjnds 70,941 Charltabl• actlvltl•s Grants and Donations 478,366 Total 549,307 NET INCOME 221,078 RECONCILIATION OF FUNDS Totsl funds brought forwar(J 530,835 TOTAL FUNDS CARRIED FORWARD 751,913 PagE 15 continued... Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION Notes to the Financial Statements- conlinued for the Year Endod 31 December 2024 10. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors 121.105 118.790 11. CREDITORS.. AMOUNTS FALLING DUE WtTHIN ONE YEAR 2024 2023 Accruad 8xpens8S 11,160 10,320 12. MOVEMENT IN FUNDS Ne¢ mov8ment in funds At 31.12.24 At1.1.24 Unrestricted funds General fund 751,913 812,456 TOTAL FUNDS 751,913 812,456 Nel movement in funds, induded in Ihe 8bove are as foll¢)WS: Ino)miThJ Res￿rCeS expondad Movement In funds Unrestrfctèd fund8 G¢noral lund 852,172 {791.6291 60,543 TOTAL FUNDS 8S2,172 {791.6291 60,543 Comparatives for movement in funds Net rnOV8rn8nt in funds At 31.12.23 At1.1.23 Unr¢stri¢tod fvnds General fund 221,078 751.913 TOTAL FUNDS 221.078 751,913 Pag2 16 continued... Docusign Envelope ID." BA588E1C-5CF74D82-846M923582795B1 HILTON UK FOUNDATION Notes to the Financial Statements- conlinued for the Year Endod 31 December 2024 12. MOVEMENT IN FUNDS- ¢ontlnu•d Comparative net movement in fvnds, induded in the at¥)ve are as follows.. In(x)ming Mov8m8nt in fvnd5 expended Unrestricted lunds General fund 0.385 (549.3071 221,078 TOTAL FUNDS 770.385 {549,3071 221,078 A current year 12 months and prK)r year 12 months (xjmbined wsitK)n is as follows.. Net mov8men¢ in fijnds At 31.12.24 At1.1.23 Unre8trlcted funds General fijnd 281,621 812,456 TOTAL FUNDS 281,621 812.456 A current year 12 mnths and prior year 12 months u)mb¢r*d n81 movwmnl in lunds, included in th8 above are as follows,. InctJmirKJ Resources expended Movement In funds Unrestrfcted funds General fund 1.622,557 11.340.936) 281.621 TOTAL FUNDS 1,622,557 11,340,936) 281,621 13. RELATED PARTY DISCLOSURES There were no related party transaclions tor Ihe year ended 31 December 2024. Page 17