COMPANY REGISTRATION NUMBER: 10415309
CHARITY COMMISSION FOR ENGLAND AND WALES REGISTRATION NUMBER: 1173025
iheart Principles Limited
Company Limited by Guarantee
Financial Statements
30 June 2025
,IiiJi
"AEY03ZE9'
2610312026
COMPANIES HOUSE
HICKS AND COMPANY
Chartered Accounlants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
#275

iheart Principles Limited
Company Limited by Guarantee
Flnancial Statements
Year ended 30 June 2025
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

iheart Principles Llmited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 30 June 2025
The trustees, who are also the directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 30 June 2025.
Reference and administrative details
Regislered charlty name
iheart Principles Limlted
Charity Commlssion for
England and Wales reglstratlon
number
1173025
Company reglstratlon number 10415309
Principal offlco
41 Green Walk
London
NW4 2AL
Reglstored offlce
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
The truste•$
T Kahan
E G Krell
Y J Pearlman
T A Rubenstein
8 K Rubenstein
Appointed 9 May 2025
Appointed 25 February 2026
Independent examinor
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Bank
Metro Bank

iheart Principles Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continu8d)
Year ended 30 Juna 2025
Structure, governance and management
The charity is a company limited by guarantee and is governed by its articles and m8morandum of
association.
The trustees, who are also the directors for the purpose of company law. and who served during the
period and up to the date of the signature of the financial statements were:
Toby Kahan
Ethan Krell
Yèhuda Pearlman (appoinled 9 May 2025)
Terry Rubenstein
Brian Rubenstein (appointed 25 February 2026)
iheart recnjit and appoint Irusteas as required. The charity aims to have a minimum of 3 trustees at
any given time, but have set an ide81 target of having 5 trustees appointed before the end of the next
financial year. If the need for a new trustee appointment arises, the current leadership team (including
the charity's founders) and truslees will recommend suitable candidates at the next trustee meeting.
Prospective trustees are assessed based upon their commitment to the core purpose of the charity and
the mental health educatlon philosophy which underpins the charity's work, as well as other experlence,
skills and value they bring.
All new trustees are encouraged to allend one of the iheart courses in order lo gain a better
understanding of the core purpose of the charity and the approach we take.
None of thé truste8s has any beneficial interest in the company. All of the trustees are members of the
company and guarantee to contribute £1 in the event of winding up.
The affairs of the charity arè governed by th8 Board of Trusteés. They are responsible, with th8 SUPPOrt
ofthe CEO and senior management team, for setting the strategic direction of the charity. consideration
of reserves, risk management, performance review and affirmlng general organisational policy.
Iheart carries out quarterly trustee meetings which are also attended by the CEO. Other meetings occur
on an ad hoc basis as required. The strategic direction and key decisions are discussed and debaled
and then presented and agreed with the trustees in the quarterly trustee meetings.
ObJectlve$ and actlvltles
The purpose of iheart Is to relleve ill mental health and to promote and protect good mental health
through the provision of courses and workshops in the subjects of resilience and the principles of innate
health.
The main activity undertaken in relation to the purposes is the educating of young people through
prevention-based programmes in mental health education, wellbeing and resilience with a focus on
young people aged 9-18 years, The accredited iheart resilience training delivers programmes in schools
and other youth settings. and offers facilitator training in the iheart curriculum to teachers and staff in
schools and youthlcommunity organisations.

iheart Principles Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢on¢lnu
Year ended 30 June 2025
The core objective of the charity is achieved by maximising the delivery of our programmes. The
strategies in place to achieve this are..
1) Training teacherslstaff lo deliver the programme to young people in schools, educational
settings. youth groups, community settings etc.
2) The core iheart team delivering the programme to young people in schools and other
educational settings through applying for grants and fundraising.
3) Utilising technology to further increase reach. This includes the development of digital
programm8S that can be delivered without facilitator input.
4) 1-1 and small group follow up support where required.
5) Support of parents where required.
The trustees have paid due regard to guidance issues by the Charity Commission in decidlng what
activities the charity should undertake and consider that the activities of the charity have been for the
public benefit.
Iheart's strategy over the next 12 months will continue to be based on a whole-school approach,
meaning training teachers and support staff within schools wher8ver possible. Our accumulated
experience has shown us that teachers are often best placed to provide ongoing. suslainable support
to their pupils. This approach is also more cost-effective, enabling us lo reach more young people whilst
costing less in facilitated delivery cosls. In order to achieve this, we are carrying out the following
activities,.
Maintaining and further developing key strategic partnerships wlth schools and other
orgaiiisations.
2. Applying for grants lo enable the above lo take place. whilst managing exlstlng multi-year
grants and donor relationships.
Achievements and performan¢•
During this period iheart has continued to deliver programmes to young people in schools, other youth
settings, and privale groups. Over the past year, iheart continued to increase ils work in schools through
undertaking in-house training so thal their staff could be trained and supported by iheart. This is a
significant step as it enables Iheart to become embedded and sustainable within the school's own
system.
Work was undertaken on an age-differentiated curriculum so that pupils in Years 9, 10 and 11 would
receive more focused benefit from the iheart prograrnme.
The continued and successful roll-out of the ignite digital programme to children aged 8-12, which does
not need facilitation or training for teachers, is an important developrnent. The short, impactful
programme was designed to solve the problem of lack of timetable Capacity in schools for the full
curriculum programme.
iheart COT)tinues in its mission to sustainably support young people by atso educats'ng and supporting
the adults around them by offering training programmes to reach teachers in schools where feasible.
iheart sets out clearly defined fundraising activities and financial targets as part of its overall budgeting
each year. The financial affairs of the charity are reviewed at the trustee meetings.

iheart Principles Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continu•dJ
Year ended 30 June 2025
We carried out a successful community-based crowd and match fundralsing campaign in January 2025
which proved vital given the tougher climate that we experienced around the availability of grant funding
proved vital given the tougher climate that we experienced around the availability of grant funding
financial year.
Flnancial review
For the period ended 30 June 2025 total income was £316.470. Of this figure, £297,110 was received
as donations and grants and £19,150 was received from charitable activities. A further £210 was
recelved as investment and other Income.
Total unreslricted funds carried forward are £127.328. These funds will be used to deliv8r programmes
In line with the charity's objectives.
All financial matters are discussed at the quarterly trustee meetings including risks to the charity and
key strategies to manage and mitigate these.
The broader fundraising environment has continued to be challenging over the past 12 months, We
have seen that this is true across the charity sector and Is not unique to our organisation. In response.
and in order to ensure iheart remains a going concern. iheart has reduced ils expenditure to correlate
with reduced fyndraising Income. particularly from grant-rnakers (trusts and foundations). The trustees
and management team have implemented this slrategy by deciding nol to replace departing staff
members, consolidating posilionslroles and removing other non-essential operating costs wherever
possible. The organisation has also elected not to create any new programmes for the time being.
We have narrowed the focus of the charity to the primary aclivity of delivering programmes In schools
and other educational and community institutions, ensuring that funds raised are used for the primary
purpose of the charity, namely wellbeing and resilience programmes for young people and the teachers
and parents who support youth.
The trustees expect that the charily will be able to meet Its objectives and continue as a going concern.
These accounts have Iherefore been prepared on a going concem basis.
ReseNes pollcy
The charity aims to hold sufficient funds in reserves to cover its short-temi operating costs along with
any funds which have been allocated to designated funds.

iheart Principles Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 June 2025
Trustees. responsibilities statement
The trustees. who are also directors for the purposes of company law, are responsible for preparing the
trustees, report and the financial slatemenls in accordance with applicable law and Uniled Kingdom
Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice).
Cornpany law requires the charity truste8S to prepare financial statements for each year which give
true and fair view of the state of affairs of the charitable company and Ihe incoming resources and
application of resources, including the income and expenditure. for that period.
In preparing these financial statements. the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP.,
make judgments and accounting estimates that are reasonable and prudént.
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charlty will contlnue in business.
The trustees.are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any lime the financial
position of the charily and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding ihe assets of Ihe charity and hence
for taking reasonable steps for the prevention and detection of fraud and other Irregularities.
Small company provlslons
This report has been prepared in accordance with the provisions applicable to companies entilled to the
small companies, exemption,
The truslees, annual report was approved on 24 March 2026 and signed on behalf of the board of
Irustees by:
Terry Rubenstein
Chair of Truste8s

iheart Principles Limited
Company Limited by Guarantee
Independent Examlner's Report to the Trustees of iheart Principles Limlted
Year ended 30 June 2025
Independent examlner's report to the trustees of iheart Principles Limited ('the Company,)
I report to the trustees on my examination of the financial statements of iheart Principles Limlted for the
year ended 30 June 2025, which are set oul on Pages 7 to 17.
Responsibilities and basis of report
As the charity's trustees (and also its directors for the purposes of company law) you are responsible
for the preparation of the financial statements in accordance with the requirements of the Companies
Act 2006 ('the 2006 Act,)
Having satisfied myself that the financial statements of the Company are not required to be audited and
are eligible for independent examination, I report in respect of my examination of your charity's financial
statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out
my examination I have followed the applicable directions given by the Charity Commission under section
145(5){b) of the 2011 Act.
Independent examlnerfs statement
I have completed my examinalion. I confirm that no rnaterial matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
Act., or
2. the financlal statements do not accord with those records., or
3. the financial slalements do not comply with the accounting requirements of Section 386 of the 2006
Act other than any requirement that the financial statements give a tru8 and fair view which is not a
matter considered as part of an independent examination., or
4. the financial statements have nol been prepared in accordance with the methods and principles of
the Statement of Recommended Practice for accounting and reporting by charities (applicable to
charlties preparing their accounts in accordance with the Financial Reporting Standard appllcable
in the UK and Republic of Ireland (FRS 102)).
I have no concerns ar￿ have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Philip D
Hicks an
mpany
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
24 March 2026

iheart Principles Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 June 2025
Year to
30 Jun 24
Year to 30 Jun 25
Unrestricted
Restricted
funds
funds Tolal funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Other income
Investment income
274,487
19,150
101
109
22,623
297,110
19.150
101
109.
230,920
80,100
150
180
Total in¢om•
293,847
22,623
316,470
311,350
Expenditure
Expenditure on raising funds
Expenditure on charitable activities
Totsl expenditure
844
241,672
1.163
417.915
9,10
22,623
264.295
242,516
22,623
265.139
419,078
Net incomel(expenditure) and net
movement In funds
51,331
51,331
(107.728)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
75,997
75,997
183.725
127.328
127,328
75,997
The statement of financial activities includes all gains and losses recognised In the year.
All income and expenditure derive from continuing activities.

iheart Principles Limited
Company Limited by Guarantee
Statement of Financial Position
30 June 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
16
2,050
4,338
2,050
4.338
Current assets
Deblors
Cash at bank and in hand
17
62,642
70,199
59,992
19.903
132,841
79.895
Credltors: amounts falllng due wlthln on• year
Net current assets
18
7,563
8.236
125,278
71,659
Total asset$18ss current liabilities
128,048
75,997
Net assets
128,048
75,997
Funds of the charity
Unrestricted funds
127.328
75,997
Total charlly funds
20
127.328
75,997
The charitable company is entitled to exemptlon frorn audlt under section 477 of the Companies Act
2006 for the year ended 30 June 2025.
The members have not required the company lo oblain an audit of its financial statements for the year
ended 30 June 2025 in accordance with section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibilities for..
ensuring that the charitable company keeps accounting records that comply with Sections 386 and
387 of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as al the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
These financial statements have been prepared in accordance with the provisions applicable to
charitable cornpanies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 24 March
2026, and are signe
on
alf of the board by-
Terry Rubenslein
Chair of Trustees
Company registration number". 10415309

iheart Principles Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2025
General informatlon
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is Vaughan Chambers. Vaughan Road. Harpenden, AL5 4EE.
Statement of compllance
These financial statements have been prepared in compliance with the Companies Act 2006, the
Charities Act 2011, the Charities Slatement of Recommended Practice (FRS 102). and FRS 102
The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Accountlng policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value Ihrough incorne or expenditure. The financial statements are prepared in sterling, which is
the funclional currency of the entity.
Golng concern
In order lo ensure iheart remains a going concem, iheart has reduced its expenditure to correlate
with reduced fundraising income. particularly from grant-makers {trusts and foundations). The
trustees and management t8am have implementecl this strategy by deciding not to replace
departing staff members, consolidating positionslroles and removing other non-essential operating
costs wherever possible. The organisation has also electéd not to create any new programmes for
the time being.
As a result of the cost saving measures undertaken, the trustees consider that the charity r8rn8ins
a going concern,
Taxatlon
The Charity is a registered charity and as such is enlitled to certain tax exemptions on income and
profits from investments and surpluses on any trading activities carried on in furtherance of Ihe
charity's primary objectives.

iheart Principles Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnu•d)
Year ended 30 June 2025
Accountlng pollcies {contlnuedJ
Judgements and key sources of estlmatlon uncortalnty
In the application of the charity's accounting policies, the trustees are required lo makejudgements.
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may dtffer from
these eslimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that perlod, or in the period ofthe revision and future periods where the revision
affects both current and future periods.
Fund accountlng
Unrestricted funds are availabl8 for use at the discretion of the trustees to further any of the
charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for
particular future project or commitment.
Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment
funds.
Incomlng re$ourca8
All incoming resources are included in Ihe slatem8nt of financial activities when entitlement has
passed to the charity, it is probable that the economic benefits associated with ihe Iransaction will
flow lo the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income..
Income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and ils amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement Is established,
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost lo the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amount5 are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted seNice. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and retumed rf unspent, in which case
it may be regarded as restricted.
10

iheart Principles Limited
Company Limited by Guarantee
Notes to the Financial Statements (contInu￿)
Year ended 30 June 2025
Accounting policies (¢ontlnu•d)
Resources expended
Expenditure is recognised on an accruals basis as a liabilily is incurred and is classified under
headings of the statement of financial activities lo which it relates:
expenditure on raising funds includes the costs of all lundraising activlties, evenls, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its,beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure Ihal Is neither relaled to ralsing funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attribulable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities Ihey contribute to on a reasonable, justifiable and consistent basis.
Tanglble assets
Tangiblé assets are initlally recorded at cost, and subsequently stated al cost18ss any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded
at the fair value al the date of rAvaliiation less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, Is recognised in other recognised gains and losses.
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset. less Its residual value,
over the useful economic life of that asset as follows:
Plant and machinery
250/0 Straighl line
Computer equipment
250/0 to 50Yo Straight line
Impalrment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds Ihe
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting dale.
11

iheart Principles Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2025
Accounting pollcies (contlnued)
Impairment of fixed assets
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unil
to which Ihe asset belongs. The cash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash inllows that largely independenl of the cash inflows
from other assets or groups of assets.
Flnancial instruments
A financial assel or a financial liability is recognised only when the charity becomes a party lo thè
contractual provisions of the instrument. Basic financial instruments are initially recognised at the
amount receivable or payable including any related transaction costs. Current assets and current
liabilities are subsequently measured at Ihe cash or other consideration expecled to be paid or
received and not discounted. Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can olherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
other financial instruments, including derivatives, are initially recognised at fair value. unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
Ihat is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument. Other financial
instruments are subsequently measured al fair value. with any changes recognised in the
statement of financial activities relationship.
Financial assets that are measured at cost or amort15ed cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under Ihe appropriate heading in the statement of financial activities
in which the initial gain was recognised.
For all equity instruments regardless of significance. and other financial assets that are individually
significant, these are assessed individually for impairment. Other financial assets are either
assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately. to the extent that the reversal does not
result In a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined Contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised a5 an asset to the extent that
the prepayment will lead to a reduclion in future payments or a cash refund.
When contributions are not expecled to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related sendice, the liabilily is measured on a
discounted present value basis. The unwinding of Ihe discounl is recognised as an expense in the
period in which il arises.
12

iheart Principles Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinved)
Year ended 30 June 2025
Llmlted by guarantee
None of the trustees has any beneficial interest in the company. All of the trustees are members
of the company and guarantee to contribute £1 in the event of a winding up.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Donatlons
Donations and gifts
99,487
99,487
Grants
Grants receivable
175.000
22,623
197,623
274,487
22,623
297.110
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donatlons
Donations and gifts
77.219
77,219
Grant8
Grants receivable
144,000
9,701
153,701
221.219
9,701
230,920
Income from charitabla activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
iheart
19.150
19.150
80,100
80,100
Other Incom•
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Royalties
Presentation income
101
101
150
150
101
101
150
150
13

iheart Principles Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2025
Costs of raising donations and legacies
Unrestricted Total Funds Unrestricted Tolal Funds
Funds
2025
Funds
2024
Fundraising campaign costs
1,163
1,163
Expendlture on charllable actlvltles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
iheart
Support costs
84.259
157,413
84,259
180,036
22,623
241,672
22,623
264,295
Unrestricted
Funds
Restricted Total Funds
Funds
2024
iheart
Support costs
45,996
362,218
45,996
371,919
9,701
408.214
9,701
417,915
10. Expenditure on Charltable activities by activlty lype
Activities
undertaken
directly Support costs
Total funds
2025
Total fund
2024
iheart
Governance costs
84.259
176,436
3.600
259.975
3.600
414,315
3,600
84.259
180,036
264,295
417.915
11. Analysls of support costs
Support costs Total 2025 Total 2024
Staff costs
Contractors and consultants
Office support costs
Governance costs
Accountancy support costs
Bank fees and charges
137.420
137,420
235,943
60,700
64,505
3,600
4.141
3,030
35.305
3,600
1.982
1,729
35,305
3,600
1,982
1.729
180,036
180.036
371,919
14

iheart Principles Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnugdJ
Year ended 30 June 2025
12. Net income
Net income is stated after chargingl{crediting)-
2025
2024
Depreciation of tangible fixed assets
2.288
2.464
13. Independent examlnatlon fees
Y•3r to
2025
Year to
2024
Fees payable lo the independent examiner for..
Independent examination of the financial statements
3,600
3,600
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2025
2024
Wages and salaries
Social security costs
Employer contributions to pension plans
Other staff costs
126,078
10,021
1,321
211,997
18,128
3,540
2,278
137,420
235,943
The average head count of employees under employment contracts during the year was 2 (2024:
7).
In the year to 30 June 2025 one (2024.. no) employee received employee benefits In excess of
£60,000. The number of employees fell into the following bands".
2025
number
2024
number
£80,000 to £89,999
The total employee benefits of key management personnel for the charity were £88.677 {2024:
£95,649),
In the year ended 30 June 2024 two employees received statutory redundancy payments
amounting to £6.376 (2025.. £nil).
15

iheart Principles Limited
Company Limlted by Guarantee
Notes to the Financial Statements {contlnu•d)
Year ended 30 June 2025
15. Trustees
None of the trustees received any remuneration for thelr services as trustees. See note 21 for
further information regarding related party transactions.
The aggregate of donations from trustees of the charity totalled £1,800 (2024.. £nil).
16. Tanglble fixed assets
Plant and
machinery
Compuler
equlpment
Total
Co8t
At 1 July 2024
Additions
6.159
10,387
16,546
At 30 June 2025
6.159
10,387
16,546
Depreciation
At 1 July 2024
Charge for the year
At 30 June 2025
5,980
97
6,228
2,191
12,208
2,288
6.077
8.419
14,496
Carrylng amounl
At 30 June 2025
82
1,968
2,050
At 30 June 2024
179
4.159
4.338
17. Debtors
2025
2024
Trade debtors
Prepayments and accrued income
Other debtors
7.498
1.447
53,697
5,729
1,645
52,618
62,642
59,992
18. Cr•dltors: amounts falling due wlthin one yèar
2025
2024
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
90
4.320
2,895
258
389
4.596
2,851
400
7,563
8,236
16

iheart Principles Limited
Company Limited by Guarantee
Notes to the Financial Statements (Contlftued)
Year ended 30 June 2025
19. Penslons and other post•retlrement beneflts
Defined contribution plans
The amount recognised in income and expenditure as an expense in relation to defined
contribution plans was £1,321 {2024: £3,540).
20. Analysis of charitable funds
Unrestrlcted funds
At
1 July 2024
At
Expenditure 30 June 2025
Income
General funds
75,997
293,847
(242,516)
127,328
At
1 July 2023
At
Expenditure 30 June 2024
Income
General funds
183.725
301.649
{409,377)
75.997
Restrlcted funds
At
1 July 2024
At
Expenditure 30 Jun8 2025
Income
Grants received
22,623
(22,623)
At
1 July 2023
At
Expenditure 30 June 2024
Income
Grants received
9,701
(9,701)
21. Related partles
Terry Rubenstein and her husband Brian Rubenslein own all the shares of Resilimy Ltd. Brian
Rubenstein is the sole director of Resilimy Ltd as well as Chief Execulive Officerof iheart Principles
Ltd.
During the year, the charity paid expenses of £1.080 on behaff of Resilimy Ltd (2024.. £48.906).
At 30 June 2025 the balance due from Resilimy Ltd to iheart Principles Ltd was £53,547 (2024:
£52,467).
The charity pald Terry Rubenslein £2,400 during the year ended 30 June 2025 (2024.. £nil) for
consultancy work performed outside of her trustee role. In addition, the charity paid £14,400 to
Resilimy Ltd to pay for shared operational costs such as rent and facilities. These payments were
authorised by the other trustees with Terry Rubenstein taking no part in the decision-making
process.
17