The Hoover Foundation
Annual Report and Financial Statements
30 September 2025

The Hoover Foundation
Charity No.. 200274
Trustee
Iloover Trust Fund Liinited
Trustee Directors
Mr L Edwards-smajda
Mr M Given
Secretary
Mrs G G￿Y
Independent Auditors
Cooper Pdrry Group Lirnited
St James Building
79 Oxford Street
Manchcstcr
MI 6HT
Bankers
HSBC PIC
127-128 High Strcct
Merthyr Tydfil
CF47 8DN
Investment Managers
Henderson Group PLC
Henderson Global Investors
201 Bishopgate.
London
EC2M 3AE
Legal & Genernl Investment Management Limited
One Coleman Slreel
London
EC2R SAA
Reglstered Offlce
Haier Smart Home UK&I Ltd
302 BTidbTewaler House
BirLhw(iud Park
Warrington
WA3 6XG
Charity No.. 200274

The Hoover Foundation
Charity No.. 200274
Table of Contents
Page
Trustees'Annual Report............................................................................................
Independent Auditor's Report.........
StatementofFinAncialActivities...................................................................................
Bal#neeSheet..........................................................................................................I
CashFlowStatement...................-.....-......................................................................
Notes to ¢heFinancial Statements.................................................................................12
Charity No.. 200274

The Hoover Foundation
Statement of Trustee's Annual Report in respect of the
financial statements
Introduction
The Hoover Foundation ("Foundation") has pleasure in presenting the Tn]5tees' Report and audited
Financial Statements for the financial year eTJded 30 September 2025.
Legal Status
Thc Hoov¢r Foundation was foundcd undcr a Trust D¢cd datcd 20 January 1961. Thc govcrning instrwncnt
undcr which Thc Hoovcr Foundation orKTatCs compriscs that Dccd and othcr w)li¢i¢s ag￿¢d froTn tirnc to
tiTnc by its goi'crning body, th¢ Board of th¢ Trn8tc¢s.
Objectives and activities for the public benefit
The objcctiiwes of The Hoovcr Foundation are primarily to support educational, environmental and
charitable work in and around the areas of Haier Smart Home UK&l locations throughout the United
Kingdom. The Trust Carries L)Ut these objectives by providing grants to appropriate organisations.
Th¢ trustc¢s confim] that thcy hav¢ rcf¢rrcd to tlic guidanc¢ containcd in thc Charity Commission'q g¢ncral
guidancc on public tKn¢fit wh¢n rcvicwing thc Trust's aims and objcctivcs and in planning futur¢ activiti¢s
and sctting th¢ grant making policy for th¢ y¢ar.
The stability of the fund remains the basic objective, thereby ensuring continued opportunity for chariiable
contributions to appropriate endeavours.
All requests flir support from the Foundation are received by one of the Trustee Directors. The Trustee
Director will then reach a conclusion, and make a recomrnendalion. This recominendation is then forn'arded
to all other Inembers of the trusiee board. They either support, or seek further infonnation andlor discussion
with other Board Inem￿r8. Fonnal agreement of all action takes place at such scheduled meetings as
necessary.
Trustee Directors
The Tr￿￿te£ Directors are aptx)inted following a proce&$ of dI.￿cU￿￿10n between the tru%tee8 and Haier Smart
Home UK&I Ltd.
Review of the periodl impact assessment
The Foundalion continues io support small charilies wilh one-off ad hoc donations. li f(￿USe8 ils smaller
grants towards local charilies in and around the local areas where Haier Europe (UK & Ireland) has its
offices to support ihe local communilies for ihe Haier Europe (UK & Ireland) employees.
In addition, the tn]5t lias previously Tnade larger donation5 for Strategic chaTities, which liave required up-
front funding to guarantee aCti￿.1t7cs can be self-funded. In the Tnain, the tn]5tees have selected projects that
are research and development in natUTe, with the aiTll of supporting identification of cures to illnes51 disease
for fvture geneTation5. The t￿￿tee5 are CUTrently considering the basis foT the next strategic investments,
which it ￿11 commence likely in financial 2025- 26.
The requests for grants and the ei'aluations of such requests vary- yearon year. However. on balance across
a numberof years the donations and grants will reflect the income generated froTn the investments recorded
during the period. The Foundation is noTh' in a position where it has surplus resources and the trnstees agre£
it needs to be more active in investing funds in the tnedium tem] to support the local community charities
and strategic charitable partnerships.
Investment policy
The trustees have considered the most appropriaie policy for investing funds and has found that unit trust
investments meet their requirements to generate both income and capital growth.

The Hoover Foundation
Statement of Trustee's Annual Report in respect of the
financial statements
Review of the Financial Statements for 2025
tiross income from iniiestrneni income increased during the reporting year to £102,634 from £99,450 in
2024. The￿ has been increase in the value of investtnents of £84.348 compared io an increase of £253.362
in 2024. Grants paid in thc pcriod and payabl¢ at th¢ ycar-cnd totall¢d £24,562 (2024.. £8,400). Unr¢strictcd
rcscrvcs at 30 Scpt¢mb¢r 2025 wcrc £4,159,230 {2024.. £4,008,884), an in¢r¢as¢ of £150,346 from thc prior
ycar (2024.. incrcasc of £332,344).
Reserves Policy
Th¢ twst¢¢s aiTn to maintain frc¢ rcs¢rv¢s in unr¢stri¢t¢d ftinds. Th¢y considcrthat thcs¢ ass¢ts ar¢ adcquate
to fulfil thc obligations of thc charity.
Risk management
The trustees have examined the ￿￿jor risk5 which the Foundation faces and confim]s that systems have
been established to lessen these risks. The tn]5tees are mo]]itorinbT ll￿rket inveslment returns and 5igvJificant
variances to discuss with investment houses.
The main risk to the charity is in relation to fluctuations in market value of the investnients.

The Hoover Foundation
Statement of Trustee's Annual Report in respect of the financial
statements
ststement of trustees, responsibilities
The tTUStees are re5pDn5ible for prepaiiTib the TTU5tees' Annual Report and the finanLial statements in accoTdance with
applicable la￿. and United Kingdoin Ac£ountingF Standard5 (United KingFdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees tl) prepare finaneial statements for each financial
year which give a true and fair view of the srate of affairs of the charity and of the incoming resources and application of
resources of the Lhariiy for thai year.
In preparing these fii)anLial stateinents, the trustees are required to..
select suitable accounting policies and Ihen apply them consistently:
Obse￿,£ the methods dnd principleb in the Charities SORP..
make jiidgments and estimates that are reasollable and pnident.
stste whether applicable accounting standards comprising FRS 102, have been followed, subject to any material
dcpartures disclosed and explained in the financial ststements,. and
prepare tl)e finkmcial siatemenis on the going concern basis unless it is inappropriaie to presume that die charity
will continue in business.
Th¢ trustccs arc r¢sponsibl¢ for k¢¢ping propcr accounting rccords that disclosc with rcasonablc accuracy at any timc thc
financial position of thc charity and ¢nabl¢ thcm to ¢nsurc that thc financial stat¢mcnts comply with thc Charitics Act 2011.
th¢ Charity (Accounts and Rcports} Rcgulations 2(X)8 and thc provisions of thc trust d¢¢d. Thcy arc also r¢sponsibl¢ for
safcguarding th¢ asscts of thc charity and h¢nc¢ for taking rcasonabl¢ stcps for thc pr¢v¢ntion and d¢tcction of fraud and
oth¢r irr¢gulariti¢s.
The tru￿tee￿ are responsible for the maintenat]ce and integrity of the cliarity and fiiiancial infom]ation included on the
charity'8 website. Legi￿lation in tl)e United Kingdoin governing the preparation and dIs￿el￿]I￿tlOn of financial statements
Inay differ from legislation iii other jurI￿dI£t]on5.
The following individuals have been tjustees during the financial year and up to date of signing L)f these accounts are as
follows..
Mr L Edwards-smajda
Mr M Given
On behalf of the Board of Trustees
Lawrcnc¢ Edwarits-smajda
Trustcc Dircctor
30 July 2026
- DLLte

The Hoover Foundation
Independent Auditor's Report
to thg Tru$tg0s of Thg Hoovgr Foundation for thg ygar gndod 30 Sgptgmbgr 2025
Opinion
Wc havc audit¢d th¢ financial statcm¢nts of Th¢ Hoovcr Foundation lthc"Charity"I for thc y¢ar ¢nd¢d 30
September 2025 which comprise the Statement of Financial Activitie& the Balance Sheet, the Statement of
Cash Flows and noteb to the finanLial statements I to 8. inLluding a summary of significant accounting
policies. The fi￿nCIal reportlllgT framewo]k that has been dpplied in their preparation is applicable law and
Unitcd Kingdom Accounting Standards, including Financial R¢porting Standard 102.. Th¢ Financial
Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted
Accounting Praeticel.
In ollr opinion, th¢ financial stat¢m¢nts'.
give a true and fair i'iew of the stste of the Charity's affairs as at 30 Sepiember 2025 and of its
iiicome and expenditure for the year then ended:
havc bccn propcrly prcparcd in accordancc with Unit¢d Kingdom G¢n¢rally Acccptcd Accounting
Practice,.
have been prepared in accordance willi the requirenients of the Clianties Act 2011.
BA5is for opinion
We conducted our audit in accordance with Jnternational Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities lor the audit ol. tl)e financial statements section of our report. We are independent of the
Charity iii accordance witli the ethical requireinents that are relevant to OilT audit of the financial ￿tateMentS
in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with tl)ese requIr￿￿ents. We believe that the audit evidence we have obtained is suificient and
appropriate to provide a basis for our opinion.
Conclu5ion5 relating to going concern
In auditing the financial slaternents, we have concluded that the Trustees use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Baqed on the work we have perforjned, we have not identified any material uncertainties relating to events
or conditions thai. individually orcollectively, may cast significant doubt on the C.harity's ability to continue
as a going concern for a period of ai leasl 12 months from when ihe financial staiements are auihorised for
issue.
Our responsibilities and the resplinsibilities of the directors with respect to going concern are described in
the relevant sections of this reporL
Other information
The Trustees are responsible for the other infomiation. The other infom]ation comprises the infom)ation
includ¢d in th¢ anniial rcpon othcr than thc financial stat¢m¢nts and our auditor's rcLX)rt thcrcon. Our
opinion on the financial statements d(*s noi Co￿er the other infomution and. except to the extent otherwise
explicitly stdted in our report, we do iiot express any fotm of asbu[￿nCe conclusion thereon.
In co1￿CCtion witii out audit of the financial statetnents, out respOn￿lbilItY 15 to T&qd the other inlomiation
and, in doing so, considcr whcthcT the otheT infotrynation is materially inconsistent with the financial
statements or our know'lcdge obtained in the audit or othenwise appears to be materially misstated. If we
identify such material inconsistencies or apparent iiiaterial Inisstatements, we are reqUI￿d to detennine
whcth¢r thcrc is a matcrial misstatwicnt in th¢ financial statcmcnts or a matcrial misstatcmcnt of th¢ othcr

The Hoover Foundation
Independent Auditor's Report
to thg Tru$tg0s of Thg Hoovgr Foundation for thg ygar gndod 30 Sgptgmbgr 2025
information. If, Lwsed on the work we have ￿rfOrn1e(L we conclude that there is a material misststement of
this other infom]ation, we ale required to rewrt that fact.
W¢ hav¢ nothing to r¢port in this regard.
Matt¢rs on which we are r¢quiTed to r¢port by exception
Ln the light of the knowledge and understanding of the charity and its environment obtained in the course
of the audit, M'e have iiot identified mateiial misstateinents iii the trustees. report.
We have nothiiig to report in respect of the tollowllig inattets in relation to which the c.harities (Accounts.
and Reports) Regulations 2(M)8 require us to report to you if, in our opinion..
die inforniation given in the trustees. report is inconsistent in kmy niaterial respect with the financial
statements., or
sutyicient accounting records Imve not been kept., or
the financial Statements are not in a¥rec￿ent with the accountin¥ records. or
we have not received all Ihe infornMtion and explanations we require for our audit.
Responsibilities of the trustccs
A% explained Inore fully in the trustee￿. Tesponsibilities ￿tatement ￿et out on page 5, tlie trll%tee8 are
responsible for the preparation of the financial snteinents and for being satisfied that they give a true and
fair view, and for such iniernal control as they detemiine is necessary 10 enable the preparation of financial
statements that I￿e free fioin n)aterial misstatement, whether due to fraud or em)i.
In preparing the financial staten)ents, the Iiustees are responsible for assessing the Charity's ability to
continue as a going concern. disclosing, as applicable: Matte￿ related to going concern and U￿Ing the going
concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations,
or have no realistic altelnative but to do so.
Auditor's re5ponsibilitie5 for the audit of the financial statements
We have been appointed as auditor under Ihe c.harities Act 2011 and report in accordance ￿'1[h the Act and
relevanl regulaiions made or having effecl thereunder.
Oui objectives are to obtain reasonable assurance about whether the financiai statements as a whole are free
froin mateTial Tnisstatement, M,hether due to fTaud or e￿Or, and to Issue an auditor s report tliat includes our
opinion. Rcasonabl¢ a8surancc is a high Icv¢l of assuranc¢, but is not a guarant¢c that an audit conductcd in
accordance with ISAS IUKI will always detect a material misststement when li exists. Misstatements can
aTise fiom fraud tsi error and ale Lonsidered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basis ofthese financial
statements.
Irregularities, including fraud, are instances of noii-conipliance with laws and regulaiions. We design
procedures in line Mqth our responsibilities, outlined above, to detect ￿￿terIal misstatemei)ts in respect of
in¢glllariti¢s, including fralld. Th¢ ¢xtcnt to which our prOc¢dU￿5 ar¢ capablc of dct¢cting irrcgulariti¢s,
including fraud is detailed below..
We gained an understsnding of tile legal aiid Te¥uldtory frdmework dpplicable to tlie Charity, dnd considered
tlie ri%k of act￿ by the Charity that were contrary to applieable law8 and regulation%, including fraud. We
designed audit procedures to respond to the risk, recognising thai Ihe risk of not detecting a material

The Hoover Foundation
Independent Auditor's Report
to thg Tru$tg0s of Thg Hoovgr Foundation for thg ygar gndod 30 Sgptgmbgr 2025
misstaternent due to fraud is higher than the risk of not detecttng one resulting from error, as fraud may
involve deliberate concealment by, for example. forgery or intentional misrepresentations. or through
collusion.
We focused on laws and regulations which could give rise to a material misstatemeni in the financial
statements, including, bui not limited to the Charities Act 2011, the Chariiies {Accounts and Reports}
rebFuldtivns 2tK)8, the pivvisions of the trust deed dnd UK lebiisldtion. Our tests inLluded dsTeeinb the
financial stat¢ment disclosures to underlying suppoiting documentation and ¢nquiri¢s wth mat]agement.
Because of the inherent limitations of an audir. there is a risk that we will nL)t derect all irregularities.
inLludin¥ those leading to a material misstateinent in the linancial statemeiits or non-Lompliance wTrth
regulation. This risk increases the more that compliance with a law or regulation is rein0￿ed froin the events
and transactions rcflcctcd in thc financial statcmcnts, as wc ￿.111 bc lcss likcly to bccom¢ awarc of instanccs
of non-compliance. The risk is also greaier regarding irregularities occurring due to fraud rather than emir,
as frnud involves intentional LonLeahnent, forbTery, Lollusion, oniission or mibrepresentutio
A fyrth¢r dcscription of our r¢sponsibiliti¢s for thc audit of thc financial statcm¢nts is Iwat¢d on th¢
Financial Repx)rting Council's website at W￿.fr¢.0rg.Uklaudlt0rsreSpOnSibijltle8. This description fomis
part of our auditor's report.
Use of our report
This report Is made solely io the Charity's Trustees, as a b(Kly in accordance ￿1th Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we rnighi state to
the Charity's Trugiees those n)aiters which we are required to state to thein in an auditor's report and lor i)0
other PUTP05e. To tl)e fullest extent petJnitted by law, we do not accept or assume responsibility to anyone
other than the Charity and the Charity's Trustees as a body, for our audit work, for this rerK)rt, or for the
opinions ive have formed.
Zd
Cooper Pa￿Y Group Limited
Statutory Auditor
Date." 30 July 2026
St James Buildin¥
79 Oxlord Stre£t
Man¢hcst¢r
MI 6HT

The Hoover Foundation
Statement of financial activities
for the year ended 30 September 2025
2025
2024
Notes
Income from..
Investment incotne
102,634
99,450
Total Income
102,634
99,450
Expenditure on..
Churiluble Uciivilies
Grants payable
Mandgement dnd Administrdtion
Governance costs- audii fee
Bat)k CharbFes
24.562
5,500
6.500
74
8,400
5,5tH)
6,500
68
Total expenditure
36,636
20,468
Net incom¢
65,998
78,982
Oth•r rècognisèd gains and lossès
Realiscd and unrcaliscd gain% and losses on invesimeni assets
84,348
253.362
Not movèmonf in fund
150,346
332,344
Raconciliation of Funds
Total fvn(L￿ brought fonvard
4,008,884 3,676,541
Total funds carrled forward
4,159.230 4,008,884
All in¢om¢ and ¢xp¢ndi￿¢ ar¢ d¢riv¢d from continuing a¢tiviti¢s and r¢lat¢ to unrcstri¢t¢d funds.
The notes on pages 12 to 15 forni part of these financial statements.
Charity No.. 200274

The Hoover Foundation
Balance Sheet
As at 30 September 2025
2025
2024
Noles
F5xed assets
Investment assets
3,589,937 3,505,589
Current assèts
Investment income due
Cash at bank and in hand
17,741
599.552
16,645
522.650
617,293
539,295
Creditors.. Amounts falling due within one year
(48.000)
{36.000)
Net Current assets
569,293
503.295
Nat ass•ts
4,159.230 4.008,884
Total charlty funds
Unrestricted fund
4,159,230 4,008,884
Approved by the Board and signed on its behalf by:
LaMTence Edwards-smajda
- TTUSte£ Director
30 July 2026
- Datc
The notes on pages 12 to 15 fonn part of these financial statements
10
Charity No.. 200274

The Hoover Foundation
Cash flow statement
For the year ended at 30 September 2025
2025
2024
Nfjte.f
Net cash oufflow from operatlng actlvldes
125.7321
(6,1291
Investing aGtivities
I￿￿¢StM¢llt incom¢
102,634
99,450
102,634
99,450
Increase in Gash
76.902
93,321
Cash at l October 2024 and l October 2023
522,651
429,330
Cash at 30 September 2025 and 30 September 2024
599,553
522.651
a) Reconciliation of net expenditure resources to
net cash ouffiow from opernting activities
Net income l (expenditure)
(Decrease} I Increase in creditors
Dectrdse / IlnLtEdsel In debtor5
Investment income
65,998
12,000
{1.096)
(102,634)
78,982
12.000
(2,339)
{99.450)
Net cash oufflow from operating activities
125.7321
(6,1291
The notes on pages 12 to 15 form part of these financial staiements
Charity No.. 200274

The Hoover Foundation
Notes to the financial statements
Accounting policies
Stat8mont of complièneo ènd basis ofproparation.
The Hoover Foundation is an unincorponted Charity registered in F.ngland. The Registered Office is 302
Bridgewater House, Birchw(K)d Park, Warrington, WA3 6XG. The fjnancial statements have been prepared
on a going conccm basis undcr th¢ histori¢ cost convcntion, with th¢ ¢xc¢ption of thc pool¢d invcstmcnts
vehicles which are quoted at market value. The fiiiancial statements have been prepared in compliance Mqth
the Charities SORP (FRS 1021 Accountill¥F dnd Reportinb by Charities.. Ststernent of Recointnended
Practice applicable to charitieb preparing their accounts in accordance with the Fit￿nCIal Reportiiig
Standards applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The principal accounting policie5 adopted in the prepatatioii of the financial statements are set out below.
Going Concern
The trustees haille reviewed its current balance sheet and funding position and considered its plans for the
next 12 to 24 months post balance sheet date and have agreed it is appropriate to adopt the going concern
accounting principlc for th¢ prcparation of its fjnancial stat¢mcntS.
Incom
Income from investrnent.% is accounted foT on an aCCrL￿1.S basis.
Income arising from the underlying investments of the pooled investment vehicles that is reinvested within
the pooled investment vehicles is reflected in the unit price.
Choritable A¢tivitie
Costs of charitable aciivities include grants made.
Grants
Grants payable are paynents made to third parties in the ￿rth£rance of the charitable objectives of the
Foundation. Grants are accounted for when they are coininitted by ihe Ilustees consideTlng the coinniitment
date and the period for which the bTrant relates.
Taxation
As a regjstered charity there is no charge to United Kingdom taxation on the net revenue from its primary
activity or on its investment income to the extent the income is applied to charitable purposes.
The Charity is exempt from t&x on capital gains to the extent that the gains are applied for charitable
purpo8e%.
FlnanclalAssèts
The financial as5et5 of the Foundation are ststed at their fair value.
Debtors- The value is calculated directly from the fund ststements provided by the fund managers. These
are not provisioned given the nature of the asset is a distribiition from the investments.
Cash- Cash is stated as per the bank balance at the balance sheet date, deducting any items that have ￿en
issuedl received which have not yet ken recorded through the bank balance.
Investments
Lnvesttnent& are stated atTn&rket value. Aiiy ¥aiii or loss on revaluation istaken to the Statement of Fi]thncial
Activities.
Value added tax
Lrrecoiwerable value added tax is ag￿gated with the expenditure to which it relares.
12

The Hoover Foundation
Notes to the financial statements
Trustee funds
The Huvvei Foundation is operdted as one fund. There ale no restrictions in place in relation to the use of
these lunds. The funds ale to be in*ested in line with the stated aims ot the trustees, which are suminarised
in the trusteeb, repurt.
Critical Accounting estimates and areas ofjudgement
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates
and assumptions will. by definition. seldom equal the related actual results. The estimates and underlying
assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recO￿)Ised in the
period in which the esiiinate is revised where the revision aftects only that period. or in the period of the
revision and future periods where the revision affects both current and future periods.
The Trllstees have not identified any estimate5 or judgetnents that would have a significant risk of causing
aterial adju8tments to the carrying arnount￿ of as8et8 and liabilitie￿.
13

The Hoover Foundation
Notes to the financial statements
Grants
Malerial grants made during the year are as follows..
2025
2024
Othep.Y.'
Bolton Brass Band Hoov¢r
2500
3,000
2.500
3,0(M)
UthergraFtt5 less thaN £2.0(10
22.062
5,400
24,562
8,400
3 Investment assets
Markei
value
Mui-kei
Purchases
Disposals Chonge i
Markei
valiie
ul Losi
ul
30.119.25
30.IP9.24
Pooled Investment Vel)iLles
3.505,589
84.348 3,589,937
The above is reflected in the analysis of Pooled Invesimeni Vehicles following=
2025
2024
Henderson Caulious Managed Fund A Class income
Henderson Mulii-manager Absoluie Return Fund A Class accumulalion
IPIF IfomieTly Falcon Property Unit Trllstl
2.329,008
810,131
450,798
2.288.061
797.513
420,015
3,589,937 3,505,589
Each Investment individually exceeds 5 /0 of the portfolio value at 30 September 2025. All investment
assets are held in the UK.
Investment income
2025
2024
Henderson Cautious Managed Fund
IPIF Ifom)erly Falcon Property Unit Trngtl
93,218
9.416
88,439
102,634
99,450
All income arises on UK investments.
14

The Hoover Foundation
Notes to the financial statements
Management and administration of the charity
2025
2024
Administrntion expenses
5,500
5,500
There are no employees of the charity. No trustee director received any remuneration in re5￿Ct of services
provided to the charity.
Lnvesttnent Manageinent charges are being collected directly from the investment holdingg and are reflected
within the change in the market valiie of investments.
Investment inGome due
Debtoi-
Rvc'eiplts/
Inc'uFfr7e
ReEnve.gted Recngni.fed
Debt(Jr
30.09.24
30.VY.25
Debtors position
16,645
1101.538)
102,634
17,741
IriLome is TECObFlli5ed on an aCLrual's basib by the HooverFoundation. Nvhere inyesttnent incoine is received
that transcend5 a year end, the income i& alloLated to eaLli peri￿￿ based on a str&igFlit-line apportioninent
etliodolo¥y.
7 Creditors
2025
2024
Audit Fee
Amounls due to Haier Smart Home UK&I Ltd
(irants. payable
6,500
41,500
6,5(K)
29,500
48,000
36,OtH)
8 Related Party transaction
Th¢ scrvic¢s provid¢d by HaicT Smart Homc UK&I Ltd includ¢ all adjninistration, control and financial
Inanag¢mcnt of thc Hoov¢r Foundation and prcparation of its account. Thc rccharg¢ r¢pr¢scnts a proportion
of salary costs of thc Haicr 8mart Hom¢ UK&I Ltd administration dcpartmcnt.
Management and administration expenses include amounts charged io ihe Foundation by Haier Smart Home
Uk&l Ltd in respect of expenses paid on its behalf by that company of £5,500 (Part-salary re-charge} for
the financial year {2024-. £5,500).
15