REGISTERED COPaPANY NUMBEK. CE015n8 {EnBland and Wal) REGISTERED CHAprri NUPIBEK. 1180901 Audlt8d Flnanclal slatom forthe Yr End•d 31 MarEh 2024 ( Chllablo kncorporated OrlS31kffi I Chart8r8d Pux)untants Stahrtory Audiors 110 WhitLurch RWJ Carrfirr CF14 3LY
for0 Year Ended 31 March 2024 Roport of tho TnBtO08 1 to 4 Rgport of the Inthpandgnt Audllth¥ 5 to 8 B8lan¢o Sheet 1D trj 11 12 Notes to tho Cash FlowStat•mgnt 13 14 to 21 22 to 23
( Chwltablg Inc<Yporatod (kganknatlon ) (R$S1 nuner. CE015738) Report of the TrustO0S The f1888 prnsent tr teFrf( Ihe firÉrKJd atenwnts (If the dwlty for 31 March 2D24. The tnJste8s havg thpted the of Acwjnlng aThY Rerrxbng by arities.. Statement of ReCMmerled Pra¢ll apFlt(zLle trj ctrpTIUes PTeparrvJ Ir acxounts in a(urdar with the Finan1 RepL¥tsng applicab In the UK and Rewtth oflrelaThl (FRS 1021 leffe(kn8 1 January 2019} OWECnVES AND ACTIVrnES Objectlvos and alms Th& obieckns of charity BTe reKef of and preseryakn of hoalth the priC ixnefft amongst wple rosiding kn the UK by rKovtdwig a nets¥c¥k of d8fibrillators lknughout the area, proVis)n of CPR training and ernhang aww8ness arrwnd Cardw fr81th awKlated LX)ThlitrJn& Slgnlncant aetfvit In order to achieve Its Otieclives the (orfty UlerkO9 fund r8thg and r8$ ¢bnallcm8 arKJ grant fundlng gJw8sful applicallons have mle. More lnfOrnaf is av8Slable from the ch8riles webslte www.bndonh8arts.¢yg. the contents of that st18 do not fcrfm part of thes8 finan¢bl statements. Publlc bgnafft In shaping the cllecUv8s for the year and piamry its tes. the tttees have SkIered Ihe C[1 CrMI&S1on guidance on publTC ben8fft.The charity gives CArbful ¢idn to ensuri it8 actwSUes are awSSib to all elvJiLle Us5 from an aspects Of ummunily. Voluntee In many charities il be drftkum to Lwale IMll¥JJl SUPPL¥t of unpattl volunteers. DurfThJ th8 p81iod covwed by these )Inandal statements ts)Jstees &%bmate that chatty ha5 beneffted from the suppcwt of up to unpakl volunteers for the chaty Is very at8fvl. STRATEGIC REPORT Achlovèment and perfomiance Charitable aclivities The number of people 8urviviTrJ carthac affests ouisklB rf lxpitaL8 b 10.8%. this is the hlghest lev8111 been and is twce Ihe rale Ihat It Yrds ten year ago. Th8 spread of free public defibrillators arrAJThJ the UK needs to incr&aso to fijrther knyove these atist. The tharity h8lps to tho pr[w of defitrMltcs thr the UK ty dlre( $8le at a subsKlrzed co8t, grantfundro arnl kjDvrding freecitne tr81nlrvJ supr Thrgh ts charitaht8 actniibes London FaS seths to mak8 IkfibrIlat nTh)r8 8ffordabSe to communiUe8 and (ffJani8arms the Jnty. On8 (If the hb3NkJhts In our a(¥eVenrts this year has Ln the ol our Strateg partnershlp with the DgP8rtment of Healtt) and Swal C¥8 and Smarter Scthty. Worfdng togethw we have fadlttabj fhe delivery of 2000 puNc aGws defibr1118t0 ac5 En8. Thi5 inibabve represgnts 8 8vJnificant step forward in gnsurfng that Itfe devlces are reIlY avdllabk in rxNnmunrlies WIre they are eded enhanclng publlc safety and emrIng IrbJivNJuaIs to reskN)rnl effecaNety In lydi ernrYenc5. A (L9r5E0n8 of m18SKJn B th•ig ckxdy wilh famThi vtt tr&aiEaty 19st IDv&I ones to txrdiac affest. We promde compasslonate supwrt duthg tFKGe (fiffirdt times. honourfThJ e1r experi9n by drfving Inav¢S that akn to txevent strnl losses. Th8W Stories 0mitmant to ratsing avrar8& axpanding access to defi¥TllatrKs, and e[TvY cxnmunibes vlth the knovA9dge and tools waded to save We& Thls year we intenslfted effoTts to rais8 awarèness ThrMNl8n(* of AED'S and wuvkled essenl on their use. Our targeted oulreach MpaI6 have indKluBL across diverse communrfies, gqui)plng them vAth kn(Aviedue and (xxn(IderTr to reswNI effecbvety to rthlac ergenaes.
{ Charltable Incorporat•d (kganl8allon ) (Regls1or•d numbor. CE015738) frjr the YwErMled 31 Miyrh 2024 STrATEGIC REPOFrr Achlav8m•nt and perf0mlarE The charity conlnues lo rdi5e its proffe 8rMI pknj a nunknr of defibriNRtors In the conwnun 88 nwe fulty describ1 In ILS websile. During the year of the paswl away after al i9Jws. Nirlk Lloyd ha5 ten a5socaalèd vAth th charity slnce its wmmencemenl Inlllalty as a vdunteer and as a TnJste& HL% wsdom. guidan and support will bB MIad a1 8$Xlatsd wtth th6 cfwity are N8 eth. Flnanclal revl•w Financlal posltion The charity as a rgsuk of Ns efforts in preMous years has been at49 to trAJld up a hearty level of firAndal reserves which enabth it to Ld1Ze the o)8t of d9latc5 atml cthnets pursuan( of its ritabfg obJ8Ctw8s. The results of th8 d)8rfty are set out In Statement Ll Fin81 AthIU8s. at 31 Marth 2024 the charity had total funds of £1,052.7. Th8 trustees aTe vAth the aChveMents on the year, the aThJ ts oJThent finarmsal posltkln of London H8arts. ThelNsW that thBrg erg fKtr fvndsthat tHve been as io LW. Invostsnont policy and objectiVg$ In order to sewro lh8 financial pOsIti of lh8 chty the Tr apprrwed the 8cqubMon Df Inv&8tmènt Property during the year with an knlentv)n of WlrKJ sud) PfDpety for finwlal gain to the benefit of the arfty. A do(a8kJrTr wll ke maje duriThJ ts rt knrKial yr &% to whether these prwT(ie8 wll hdd for th8 longer tsrm. R88•rve8 pollcy The tnJst988 have Condered th8 requIrents tr reseNes tr) the tharrty. suth review erKTh7ssIng the natur8 of incom8 eypendrture Strean aThJ io motrth varlatAe ifKX)n wllh red MmInents 8nd the 8Lxl& ofreserves requlred. The trtte9s reC¢IE8 th8 n1 to hc4d [esw8 the of charity shcAJkl furnglng fall. They have a&%e&wl that Ihgr818 a to malntsln a base freè r&wve equWBnt of at le 8lx mnths Operating c08ts. They ¥è satisfied that Iml ofresems is rnthaTh suthwt lo m08t thatrequremenL The trntsteos are aware rA Ihe lo (yJnlInuty n1t( ruserves lyjt are s8t1sf1 that the tharfty WNI b8 able ts) moet ivs ObanS &8 fdl duè out of avai rescwrt35. purprtses of Iheso reseNes 8re io cushion the wtantial impact of ary rna1 unforeseen unexpeded 8xpenditure and to en8ure that Bny signifi¢xnt Shortr1 in short-ton d¢x8nt affeot finarthj viaLhlty of (he charity. Prfnclpal rfsks and uncertalntles The charikn OXFXr8 to li3k is reMgNI tfrR year by the Tr. The maln exanin av8 GtwemarKX & manbJembL Financ¥al. OrganizatiiM)al & Cwatrjna. Atl risks are ass&wd for trxth likellhcKKI of o¢c#Trnce and imprt seveiity of inwaL# arKJ overall gross rk. Miflgatiro fact(Ks are eonsKlered and a strntvJy IlevekJp&d f0llryg suth rrorwJemerrt of the Govgming document The legal fr)rm of the tharity that of CharttaL48 OrganEabon (CIO) whlch b suw to 118 govemlng drMent, Its cons11. vhkh can nto eff from ts date of rgtration a4 a d)arity cm 29 November2018.
I Charttablo IorPorated Organlsatlon ) (Retsred numljer. CE015T38) of TrtThtees for the YOAr EThJed 311112024 srRUGTURE, GOVERNANCE AND MANAGEMENT R8crulth)8nt and appolntsnwrt of newtruste8S The arvolnted trn8 activ81y Sra96 and seek Io K18ntify a)rrIxtate to the CIO as tnthes.on appdnlm8ni 8ath new truste6 Is pro1 vAth B cwy of bhe constlttthn and th8 CIO'S latest avBllableTrustee8 Amual RerKNt aThY aC¢thn traimg 8ThJ lThluckn Is PdacI to enable any new1nJste8 b fv1fi111h8ir dubes. Organlsatlonal struciure The charity frustees manog8 the affair5 of the CIO in )[danr wlth thgir p)Mprs as set (Mrt in the constrbJtk)n drKtwThnt There must at all Ime8 be at tlw8e tharrty tsustees with a maxmum number c 12. Apart frorn the first chwmy trustees every InJst88 i8 aFPJtnted for a iErrn of thr8e years after meeting critsrfa sat out In trÉ ¢cnsbtsrtDn. Tha trustees net wularfy to dis(JJss all as[ ofthe aff8us oflhe CIO. Rlsk managam8nt Th& trust have a duty to Kknlty Bnd ravlew the ii5ks to whith Ihe ch4Tity 18 @Yed and to ensur& apprwlate ntrOl5 are In pla to PTDwde reasonabie ajran Inst fraud ajd error. The trus revlewsuth on a reJdarb3 h li 7Mth rfs thptwj manwent wlde REFERENCE AND ADMINISTRATIVE DETALS Roglstered Company number CE015738 IEnglaThJ and Wrles) Roglstsrgd Charlty numbBr 118(W1 Reglstered offlco Hadech House 20 cathedr Road Cardrfl CF11 Trustses J Huckdt G Farrow T Harrison N Lbyd IrpsvJned 29.9.231 P R Nel {appcxnt8d 17.1.241 Company Secrnlary Aud]tord DHB AcClnts Umrted Chartered Accwntants ststulory ALKIito 110 Whrtchurch Road CF14 3LY COMMENCEMENT OF AcnvmES The charlty w78 inwordted as a Charl8 Oryani%atton on Novethr 2018.
( Charftable Incorporatsd (hganlsatlon ) (Roglstewed nunknr. CE0157381 R•port of the Trwt•8 forthg Year End•d 31 March 2024 COMPANIES HOUSE charity is o Ghwltable (tynisaWCIO) le81d vltrt Charrty COMThC[t under number 1180)1. The th8rity i5 80 restered on the Clpan4 fBgister urKlèr CE015738. STATEMENT OF TRU8TE&V RESPONSIBILMES The trustees {0 8r8 akn the directors of Lon(hJn HeorL% ( In¢xw)rated Organ&ation I for the rposes of company law) are responstk for pr8pariro Ihe Rep(¥t of thè Trust88s and the find31 statements in 8(xxJrdance wrth app1Vble WKI Uniw A(AxMJnting Standards (United Klngdo Generalty ALUPt&J Aowuntiig PrnCte). Company law requlres the trjstees to prep8re finanaa 4atemwts for eaeh financial year whlth gwe a trug nd f8r vlgw of the stste of aff8it8 of the thar[trab Lxuwpary and of th& inojming reg)urces and applicatsn of reu In(4uding the inojma and expendriure. of the ojnpany for that tth. In pryring tlw ffnanLyaJ stateThnls, the tntstees are rrj to select surFablB artounttng pokes and typthem (therve th8 metWs and prfncapkn in Charrty SORP: makeIudgemts and estimates Ihat 8rè reasonable and pnmjent èpar8 the finandal statements on the golng (ln t4sis it is Inapproprth to pr8suma that tha tharitabie company ¢))ntlnu8 li bLtsln8SS. The fnjsteos ar8 f8sF()nst)18 tr kaeixrvJ proper wxjnuw rBcords VA 1th %)nab a¢xwracy al any th8 financaal posrbon of the tha[tta (XHryHby and to enab to ensure the and81 statem8nts wrth tho Companies Ad 20(. They we th wsit48 tr safegLHrdirg th8 assets of fh8 charitable MpanY and henc for takkn reawatle steF6 for th8 and detectK)n crf frd and rAh8r Irr8gularibes In 80 frdr &s the trust888 are avrarn.. there is no r8t8vant audit in1cnall0n of vthith the charil&ble lxp3nS audiltjrs are unawarn. and . the fJuste8s have tBken al steps that cwghl to have taken to make thamsth awaro of any rel8vant audll thmiauon 19 eslabN&l tst the auditors ofthat infrymation. AUDrroRS Tho 8ULfitOTS, DHB Acthunlants Lhnite(I, wl te proposed fur rIntment at forthwmr@ Amual Genoral Meeting. Report of Iha hKxJfFtralirya a strthic reprt apr by of the board of as the o)mpany dtrect. on 18 January 2025 aTvJ sign&Y (M) the teh81f ty. P R Neil-Twsl88
London Hearts ( CIArlt8bl• Incwmnted Organlsatlon ) (ReghtsrBd numbgr. CE01S738) Oplnlon We have audited lh8 fThncid Statem of Londcffl Hgarts I chable 1rmrratèd Organisation I Ilh8 'charitable o)mpanVI lor the year ended 31 Marth %J24 ¢x¥nprise th8 Statemertt of Finandal ALtN]ties, the Balonr Sh8e( the Cash Statement notes to statements, Indudlng a summary of sn[can1 ac¢tsJnting policEs. The finand rertIng framth that has b8en applied in fheir weparation is ar1118 and United Kinuvknn Accwithw St8ThJattl8 {UnibJ lfjrylom Generamy Ac(ed Ac£ounting Praclkel. In our oplnbn Ihg ffin8txj 8tatement8: gw8 a tsue and fair vie•4 crf the slatg of Ihe otsilaL4e COmlS 8ff8irs &4 at 31 March 2(Y24 and of its hoMIng fBSOUW and application of rescuw fIrJ its incomB for the year thèn ended". . have been kY0p prepPr in a)rd with Unlbj ngrn Generaty APt ALwuntitvJ Practice., and have been spared In anrA the requlremts oflhe cP9n A(a 26. Basss for oplnl¢)n We cK)nduded our autht In alra wlth In18mafjon81 Sl8ndanJs cff) Audfdng IUK) {ISA8 IUKII and ap[Al¢%b law. Ow resportsibilths undèr Ihc68 #aTr4ards are futher described in thg Auditors, tx)nsltrAibo$ for th8 audrt of the financid statements seclion of our rerxirL Wa ar8 Independent of the charitsble Company In acrrd3n wfth the ettCal lreEnts that 8rB lwant to ryjr audtt of finand st818m8nts In th8 UK, IrK4uding the FR$ Ethkal StaTKJard. w8 have fuffilled ¢yJr ofher elhkal re4)onsIblts08 in accorda8 with these ruIremenL$. W& the authl we have otrAaiwl sufficient and approwate to prOe a bags Con¢luslons rèlatlng to going concern In Rudthng thB financlal statements have clud that inth, u58 ¢ the cx)nwn basis of acaX)Lmtry in the prepaHtion of the flnancial Ststents appyowmte. Ba1 on Ihe work we have pwbmiwj, w8 have not i(lenfiFd any malwrdl unrtaIneS retafing to events or (ldIOn$ th81. IrKIUallY or (1]eC. may (xst skJnrfKxnt dwbt on tho th8rit8ble (%)mpanYs ablllty to continue as a going fc a of at knst Iwehe fr(¥n when lh8 finanrial 8lat8ments are 0ri8ed fl ksue. Our responsibile5 and the resyb1ueS ((the truste&8 to gcry are dObad In th8 renI tK)n8 ofthk% repK)rt. other Infom)atton The tnjstees are reswnsble for the other infmtion. The other information comprfses the infom?tion Irluded in Rw( than tho finandal Ststem and our Relrt of the IrMlend6nt AlItOr thereon. Ir OF4nlon on Ihe financlal slatements L¥JVW the clher Inforntkn and, except to Ihe extent rAh8pls& explldtty stated In Ve do notexkyoss any frm d&%>JrarKx rA)nsk)n thereon. In nneC)n Wtth aLKlit of the financkl Stat, our reswrriblty Is to tBad the other inforniation and. In dolThJ so, conslder vthether the other hf0mtr>n kq rnaterfy inLX)nsEienl fhe flnanclal stateTnents or knovAedge ObtaIn in the audit oth8Th apwars to Mtl rThsstated. If we Identsfy su¢h Materi inttJnsi8tsnra8s or aprt material MESiatents. are to dalwmlne whethgr thks gives rise io a material misslatemenl in finarKial #Atements I1881¥e$. If, based on the wort we have prnj, wo ndde Ihat trere Is a TTysslalement rl Ihis other InfOmiat. we are to reFqxtthat facL We hav8 mthing to rewt In th fBgard. Matters on Y4hlch we are rnquired to rewt by excgpuon We have nothing to rewrt in res of the follcfimng vAwe the thritws and Rgports) RegulatTons 2008 requvBs us to rerKrttrJ ff, In 4lnx)n: the information gNen kn the RerKxt of the Trustees L8 lThx)nssteTrt kn any r88PeCt wyth thg andal staternents,. or - the charltable company h2s not kept adequate WJrrtkng rerx)rds; - the stslements are rvjt in agTeemenl th thè rel arKJ Tetun%', or . we have not re¢dV 81 tho inforrnth arKI reoAre fOrr au(r
London Hwrts I Charftgble Incorporatod Organi6albon ) (Reglst8r8d numbor. CE0157381 R68pon3ibllUes of tn AS explalned ful In the Ststement of Trustees, ReSpsibIlitIeS. the trustees (who also the directors of the tharitable company the w]ryKW of (X1ThnY law) are resnS for the prgparauon of tr finan(yal statements arbj for being satrsfied that ty gfve a and fair view, and svth ternal cY)ntro] a8 the trust detemiin8 is necessary to en49 the FryaraIk c Stater[tS that ar8 freè frc moterial misstatement, whelher duo to fraLKI w err. In PTeparfng the fln8n(ial 8tat8rnenis. the trust 0r8 a88esswu tre chrtbb (£¥warfs abllty to continu& aq a goiroJ ttjncsm, di8ckk%i, 88 applcat4e. matters relat to going (x)nLwn arEd Ung Ihe g(Mng basls of acojunting Unl tnJstees w)teThl to Iwjubjate the charitabl8 Lxxnpany or io c8ase owation8. have no realisUc altematNe tdrtto do so.
LoTKlon Hearts ( Charftablo Incorp(xxtod Oryanlsatlon ) (Roglstornd numbor. CE01m81 Ckjr Tr8pon61bllltlÈÉ forth8 audlt of tha flnanelal statements We heve been appcAn1 as auditors uTrJer Sthi 145 of ts Charits Act 2011 and In acwrdanc with the Act and rdevanl rewLatlons mJe orhaviro effed the1Wr. IJr objeclves arg to obtain reasonable assuran abr wh8lher Ihe finandal statemgnL4 as a whole are free from material m188tatsmenL whetsr b) fraud or erftx, arKI to issue a RetLKt of the IndepeThlent Aud1kn8 that indud8s wr onion. R8BKJnatrA8 &8YJTanr is a ligh 18vd of &ssuranr. Is not 8 guarantee that an audit coTrJu(ed in acc£thnce with ISAS (UK) wl deteci a materid mk8Statefflent when K 8xists. Mlsstatements w arfse from fraud or error and are skIe3 materlal W, Indlwdualty or in the agJw8te, they reasonably be 9XFodgJ to erm decisi of users taken the basis of these ffnanrjal 8tatsmerts. The extent to our pyLKU[S ar8 of detedirwJ lThwJularrti84 trK4L¥JlrvJfrdud ts defalth bek)w. CapBbility of the audk li dated trregukrlbes, IrKILrmj fixl The rJetheS of our audrt are to identify and assess fhe Tnaterfal mwatement of Ihe fInalar 8tatwn8nts due lo fraLvJ or r, to obtsln SLffictenL apixwiate ede regarding fhe assessed rlgk8 of materfal mlsstatemont dug to frwJ cf errw. aTrJ b) rosrd lo those rtsks. As part of planning our authl and based upon wr d8rStandIr ol thè thgTfty and industy and the legal and regulBtrry framework aplCabKfj . arKI ttrKough dig)Jssion ith trustees a1 obknr management las required by audlung standards), we 18nttfi Ihat ts prin(apal rtsks of fK)tFcompl1a with laws & regulalior6 reLqted charfty, hgalth and safety. antbriby empk)ymenl kw. We (x)nsidgred the exteni to vknir nonOMpln mvJht have a mater1 effoct Ukxx) the statemgnts.we also cons1Je 11Thg laws and regu[lOnS that have a dlrect 5mpt on fhe preparath)n of the finarK1 Sl8tsrrts ch a8 the Chariti&8 act and Stalement of Recomm8nded Prade applKatAe to CleS preparing th8ir ac)untS in 8ccordar Ih the Fknantial Repti1VJ Stsndatd 8PFAit3bl8 in ts UK awKI RewbI of Ireland. We (MmUnICated ldBnt1fi law8 and regulatiS thrcAJghxt our te and romaned alert lo any ndirstornq cm non-complian throughout the audit. Wè evaluat8J manag8menfs InLXrtNtis and OPnIe5 for fraudulent manSrAJlallon of the flnanclal statements li1ng the risk of ovride on (Thtrc4s1 aThY detemilnwj thg windpal risks wer8 related to.. Tnarwgement tias in acc(yJnting eslwnate5 and B¥$ental areas ol the financial stalemgrrts such as in¢oTh rac£ordtI arNJ ÈxovlsknlThJ for o)s(& AlIt w(xdures tkned by the engagement t88m included.. laws and regulations . Assossment of Idente fraud rLg¢ fKkns . chn91r@ assumptions arKI judgernts maje by rr0rWThnt in swificant acwunljro esUmat8s - Performing allati1 revi8W . Confim)atM)n of related p8rli&s th and rQW oftransarllons - Performing such substantive procedures asiudging aFvopriaie a1 sethng IndeEant u)nftionS. . Audlted the risk of man&J8m8ntoverrid8 fm a1 rdtkThb ofsunrficanl transaccr audrt tests induded 4reeirwJ the slater (rCk$US to supKKvdng )cumentstton and er¥4uww with Mement Our audf( prrAxdure5 were deS1J to rBwy)nd to (rf materlal mlsstatement in the finanrAal statements, r8t>yJnlzlng that Ihe rfsk of t d<ir0 a mat81ial mi4stat8ment tlue to fr8ud Is hlgher than the risk of not detecting one reting frcffl error. as fraud may invrA¥e dell)erale for Oxampte, trgery, misrepre5entalion or thr LL)Iluslon. There aTr Inhent knllatK in fhg audrt proc&Jures perfcmed and the furthar removed non-C4)mJSan(£ YAth taws and regul811$ is from evwts aThJ transaLlv)ns reflect in the finan1a stRt8m6rfs, the le likdy we are to beccffle aware (rfiL As part of an In a1Xrd8nce IS4.8 (UK). wa 8xerc48e [kl JudJmnt aThJ nwhrtakn pfeSa1 sceplidsm Ihroughout the authL W8 (x)mmun#xl8 th ¢argl Iwth rydng. 8nYNYJ other mattars, th& plann8d p9 8nd timiro of the audrt and sbJnrficant ffn(fings. any slgnffirAnt dthenca8s in inlemal ttjntrol thatw idantiffbj during ¢yJr wJdL
London Hearts ( Charhablg Incorporatod Organl8ation ) {Rggkntwed nuntsr. CE015738) A fiJrtt)er (knripl of our rasw16S for ts 8udlt of th8 statenwts & btzted cv) the Fln8ndal Rep(Ung Counol's w8b8lie at wvhY.frc.0.uk1audI1c8r4ti This de5cripth)n fm5 part of txr Rgpiyt ofthe lrendtJthbI Use of our rBPOrt This rep)rt Is made [Y to ts chartt814e LS trustees. as a iKMty. in ordaI P8rt 4 rA the Charitss IAc(x)unL8 and Reports) RegulalK>llS 2008. Our aJit work has len uTrJertak so that mlghl State to lh8 charttable oJny)an8 INstees t)se matte15 we are rpquired to state to them in an auditors. pOrt and for no other purpose. To the fijlw 8Xtenl Ferynttted by law. we do not acLEPt assume reswnsibility to anyone other Ihan the cFwiitJle company charitth tsxnpatys trleeS as a trxxly. ts OLty audlt y+rk. forthls repDrt, orfor th& oplnknn8 we have fomvj. DHB AcLowtsnts Limite(J Ellglble to act as an Jn tel8 (rf Sedkn) 1212 (rftho C(¥nwl1 2Q Chartered Accountants Stthtory AuthtLKs 110 Whitchurch RD8d Cardtff CF14 3LY 18 JBnu8ry 2tr25
{ ch8rllabl• IncoW ¢knnlsatfon I for thg Yew End•d 31 Mah 2024 2D24 untrICted fund 2023 Total ftd8 INCOME AND ENDOWMEpifs FROIIJ DOtIOnS and bJaaes 2.949.239 2220,100 Othwtradtng a(thrWs 3.359,945 2,813,813 Total 6.3CIJ.184 5.0&3,913 EXPENDuRE ON Ralslng funds 74,110 77,323 Charltsble actlvltles D8fibrdlalors & TralnlrKJ 5,639.039 4,814.327 349.951 359.401 Total 6,063.1LIJ 5,251.051 NET INCOMEIIEXPENDITURE 246.OPA (217.1381 RECONCILIATION OF FUNDS Totsl fur¥Js trThJgh foNMrd 806.7( 1,023,844 TOTAL FUNDS CARRIED FORWARD 1,052.790 806,7L CONIINUNG OPERATIONS All Incxwne and eXperrture h88 arf8en fnjm &vibo8.
{ Chwltabla IFKoTporated Organlsatlon ) (R¢St numbor. CE015736) 31 Much 2024 20¥J Tot81 ftJnd5 UnrestrKtsI fund FIXED $sET8 TallgIb a88ets Inv8Stment Fmfxgty 11 12 476.659 534,SDO 527,272 1,011,159 527,272 CURRENT ASSErs Stocks Debtor8 Cash at bank 13 14 996.512 595 157.533 49J,010 214,$43 1,154.640 CREDITORS Amnts falling du&Wrthi) L8 ye 15 11.053.073) {283,7831 CURRENT $s8 101.567 3,770 TOTAL ASSEfs LESS CURRFNr UABILrrtE8 1.112.726 908.042 CREDITORS Amounts falllng due after mcye ono year 16 159,9361 1101,336) NEf 8sErs 1.052.7) 806,706 FUNDS Umestrfcted funds 18 1.052,7>J 8C6,706 TOTAL FUNDS 1,052,790 8(k%.706 The ¢haritabk company L8 ent[d to exemption fTDTn audit uThkr Sth 47T of th8 Companl8s Acl 2006 for th8 year ded 31 March 2024. Thg m8miHs h8V8 rnt dewtsited nofk, puwnt lo Seaon 476 of the Comp Act 2(MA Nuiring an audh of these Inandd slatements. The trusts¢s ThJw1go rgsFmllililies for (a) en8uring 1hal the charitable conwany k08P5 ldS that i#JmFdy I1h SectiOr 386 and 387 ofthe Comp8nbs Ad 2006 and Ib) preparing finanrAal st£temenls whSch gfve a tNe and of fhg sl of affalrs of th& ¢hitable ojnpany as at thè end of each fiCHI year of Its surplus or deficit for eath fina[ year in arlan with requiremewrts of 394 and 395 atMI othSe wlh the reqrenIS of fhe CrAnpleS N£t 2fth YeLqthvJ to financ¥J statements, so far applICtt to Ihe thaTitable uxnpary. These ffir1 slwits have teen afjtad under the wuhpments of s)n 145 of tha Charftles Act 2011.
( Charltablb In¢8d Orgwlsatkm ) (Rwtsrod nuntr. CE01Sf38) The fftnandal 8tatsmwts were ap[Kov1 by the Bod rf Tru8te88 arKI for 1&8U8 C 18 January 2025 Bnd Vre its haIrty: P R Nell- Tw8ts8
21)24 2023 Cash flows from operatlng actlvttle Cash generated frcrfn orrthns 511109 {164.3101 NeIrh byl(u88d Inl ow8fjrYJ 512,11YJ {164.3101 Cash flomty from Investlng acthiltlgs Purth88e oftsngibl8 fred a888ts Purcha of investment rffopBty Sale of tanLlble ftxed ass (6,7} {534,51XJ) 14,327 17,5011 Net <xsh used in NeS11ng actmues 1526.924) (7,5011 Cash flows from Ilnanctng a¢lMti98 Capkal repayTwnts in year (411) (21,517} Ngt (z$h UWJ In acbvib88 (411) (21,517) Changg In cash and cash equlyahnts tho rèportlng p8rfod Cash and cash equivalents at th& boginnlng ofthe reportlng perlod (57,010) 1193,328) 214.&13 407R71 Cash and cash equivents at tha end of the reportlng wlod 151,533 214,543
I Charltth Irwpornw tknnlsauon I fvr thw Year End¥d 31 IAarch 21)2A RECONCILIATION OF NEf INCOMEI{EXPENDrruRE) TO CASH FLOW FROM OPERATING ACTivmES 2024 2023 Nat Incomg1(axp8ndSthrn) for th• rop parlod {as yr the statement of Finandal AdivillB8) Adjustments for: Dètxedation charges on dlskx%aJ ofthd assets {InL¥gaseyd8crease in stOL*s IrK#Baso in doLkn Inc¥ease In cleditors 246.084 (217,138) 30.4S2 11574 {546.502} 1595) 770,086 28,238 5.252 19,338 Net caBh provlded byllus•d tn) 0ra0 512,109 1164,310) ANALYSIS OF CHANGES IN NEf FUNDS At 114r23 Cesh fflow At 3113124 Net cash Cash at bank 214.543 157.0101 157,533 214,543 (57.010) 151,533 Finan lease5 {121,959) 42,1 (T9,763} 1121:W) 42,196 179.763) Total {14,814} 77.770
N¢)tos to the Flnanclal Slatèm&nts forthB Year ENlgd 31 March 2(124 GENERAL INFORMATION LondM H88rtS 18 a Ch8ritable Inc4JfF•ya (lSaL (CIO) tegistwed with regulated by the Charlty Conmiwon In EwJknd & Wates. lrgss crf the d)arity. arvj d8tAll$ of i trust888 are provkied in the Repcrt ofth8 TnJst888 dudj th ffiaal statam8nts. AccoupifiNG POLICIES Basls of preparfng th• flnanclaj statements The ffnancaaI statements of the tharity, whK is a pth entity 19r FRS 1(Y2. have prBpawl In a(s)rdance wrbl the Charfles SORP {FRS102) 'Acuntij and Reporting by. Charfde8'. Stat8m8nt of ReCMenl prath to it8rlbes tirepamg thelr acxxjunts in artordance w6th the Financial ReFortiTrJ Standwd applicxble in thg UK arnl Republic of Ind {FRS 1021 leffeGfivg 1 February 2019). and the Charibes Act2011. ffinanCk statsments are es8nl In 1xNA$ slErfuyJ 15 Ihe fij(1 rperBllng rre of the charfty. The fin[l stat8ments Pwe been weF0rgJ a COrrn basL8.The trustses are of ihe that thi% is entrely 2ppr(¥Jrkn hawng fiJtsJrB fund raislng aclNMes and roce nfimlalj of support from fijnders and are Sétts bw the c4wity bvfij te abl& b) meet Ks obligations as they fall the ftTthefore8eeable fiJttTr. Inc¢m• All InMe L8 rocconrzgj in Ihe Statemwrt of Finarkaal Acap4IeS ce the (wity has enthment to the funds, li is FDbthe that the wll be rer1 and Ihe amnt mg3sured rnliabfy. Grdnts refvJ aro rec#)wlzJ as In[Th in of reLpt urkn cx)ndWkns exist that suggest otheThyi5e. Expendlluro L&?bllttles we as expeIlluTe as as te b a kgal or c£Jnstructive obligation mmitbng the chorty to that 8yperKliture. it is rxobabb tlwt a transfer of w)nomic benefrL8 wll be rgquirod in 8etUement and the amount of DbWts)n can b& measur&J rdiabty. ENdItUre 18 accounted f on an arUa basis arid has dasslfied urKIBr headIS that aggr8g8t8 all c£6t reLgted to t Catery. Where ca8ts nn0t te (Srecty athlLxrted to partic#Jlar thèy have buen allrxated to acbvtbgs on a rmi5tentwith use of rBsourw. Tanglbla fixed ats Deprecaation is yovthd al the foilowlrvJ annu r81&8 to write off each 8SS8t its esumated useful ffife , if held uThJera ffinance lèase, over the lease twm, whith8Yer ks the shortèr. FtureS and fitlngs Motor v8hlde8 Computer equ¥JThnt . at YdryiThJ rates st Flxed assets 1j at ¢x)si Fr8ehdd I & Buldings arB mt deprechabj. the truste8S 8re of Iha opinK)n that fair Yalue of aets is at18ast Ual lo the cxjst stated kn the aLwmts aThJ bhat fh8 bulldlngs are malntaln8d to a hlgh standard of paIr such Ihat any delakn charge as rwuirgj to CoMY with acn)untirvJ standa$ is nL* materwl to fThn¢i81 stalerneTts. InStment property Invesknent pwperty is s1bJ7) at rrKtst v8hja1i. Arty yJregate 8urplus or defrxt arising from thanges In fatrvalu818 wiwj tn Ihe Statomerf (rfFirwbial ActNib&s.
London Hoarts { Charttable Incorpa (nIsatIon ) ACCOUPMNG POUCIES. contlnwd Slocs are vafued at lower of cost and not realisaL48 value. after maknng due albwan¢e fr)r obte a1 0W eMs. Fund accowthig Unr8strict8d furmjs h acpxd&th ith Ihe dBritth at th8 disc#Btlon of tho trustees. Restrlct&J can be used for p8rlKJJl8r restrKtiI c44ects of Uie thartty. Restri(aions arise when SCled by th8 c fijnds are raised for k)articular restr#d purpose& Furthw 8xrAon8tion the rthr8 and purpose of each furnl Is In the Th)t8s to thè finandal statements. Htr6 wrrhase and leaslng commttmgnts A&86ts tha1n u1r h] pUh&se Lxjntracts financ pItalISed in th8 Balance SheeL Those h* under hir8 purchase rxjnlracts arB deplated over their gsltinated lives. Thosts h8ld urr finar lea ¥e deweciated OV thek oslinabj useful lives th818ose tenn. WhheVer Is shorter. The Interest emt of th9 oL4Igati(S is statem ol FrAndal Athttes over the rel8v8nt perfod. The 81arrtofts fukn payments B treated as a ILgbiffity. Pènslon Costs and other pOstthIr9nWnl nofits Th& chariWs wnpbyees are enro in a pension Sc0 88 Part ofts 9yrfernnts Auio Enrolmgnt provBKJns and contn'txjtions 8r8 tharLwJ kn IhE fnanual statements kn period In ythh fhey aro Incu8. Irrecovorablo vat Irrecov8rabl8 VAT is 8g8lnst thè catew of rTr expthd fLKwhich Itds krr. DONATIONS AND LEGACES 2024 20 tk)nalkJnB Gwt ald Grants 2,086,995 170,871 691,373 1,TT5.263 380.037 64.800 2,949,239 2,220.10D Grant8 kK4uded tn the above, are asfrllyw&' 2024 other granls 691.373 64.800
I Charltable Incorp(KaW Oryanlsathn I NotsB to the Flnandal Statements. contlnugd for thg Year Ended 31 March 2024 OTHER TRADING ACTMIIES 2024 Dgflb & Cablnel salBS 3.359.945 2,813.813 RAISING FUNDS Ralslng donaOnS and lfyga¢les 2024 2023 AthSIng & Marketing 74.110 TT.3Y3 CHARITABLE ACrinEs COSTS ¥t Costs Defftllators & Trdnkng 5.639,039 SUPPORT cosrs InfrATh8tk)n technology FITN othor r980urce8 8xpervJed 105203 13,664 17,430 Hum Totals 207.654 349,1 NEf INCOMW(EXPENDrruRE) Nel Inc1(a1reI 18 slabj after dw90((rn9).' 2024 20YJ Aurfil(Ys' reUra11On DeprerABti- ownwj assets Depr8dr. assets on Nre aNI finanL leases D&flal on dlsFosal of fixed assets @,() 758 28,154 11574
London Hgarts forth• Yw Ended 31 March 2 TRiISTEES' REMUNERATION AND BENEFrrs Therg were trustees, relnthn ofher Lffl$ the year el¥ 31 March 2024 nor for th6 yeai ed 31 Marth 20ZJ. TOs. oxponsos There tru8t¥ 0re5 pakl for ts )par eTMknJ 31 M8rth 21Y24 nor for ts yoar ended 31 March 2023. 10. STAFF COSTS 224 2023 Wages ond salaries al securiiy (yjsts Fenskn costs 156250 6.212 1412 141.121 5,390 2.584 164,874 149095 The av8Tage monthty number of tho year was as folbws: 2024 2023 Supyyt & Plministrdtion staff 11. TANGIBLE FIXED ASSETS Fixhjres and fitti8 F1ant and COST At 1 Aprl 2023 Addlllons DispThals 381,616 6,7 9.686 At 31 March 2024 9.686 DEPRECIATION At 1 April 2023 ch for year Eliminated on thspwl Redassrfi(2tionltran 1.911 (4851 485 A131 Marth 2024 4.340 BOOK VALUE At 31 2024 At 31 March 2023 S91.616 (4851 7,775
Notss to the Flnand81 statements.contlrnd furthe Year Ended 31 PAarch 2024 11. TANGIBLE FIXED ASSETS- contlnued Motor CL¥nw vehicles ptnent Tol818 At 1 Aprfl 2D23 AthJhlons Disposals 217.350 612.098 6,750 le5,0) (65,OLK)) At 31 March 2024 151350 553,848 DEPRECIATION At 1 April 2023 Charge for year EIiTninaled on dispr)SBI R8dasslflc8tknrthrthr 80.062 28,154 138.099) 2J68 84,828 30,462 138,099) At 31 Marth 2024 70.117 2.732 77,189 NET BOOK VALUE Al 31 March 2024 82233 714 476,659 At 31 March 2023 137288 1,078 527272 Fr88lx)kJ land and bull ing8 are Th)t as the IxhkJlryJ Is nHlnIJd to a hlgh 8tsThJard of r8P8r suth that In the cpinion fwsle8s atry d8[xecBn as might be NUIr to under Alri staNJards b not materfal io statements. Fwl assets, IndudBd in the aLxTh. 1th are hire purctwe wntr8Cts ar8 a8 fclkW. vehkJ8s COST Al 1 April 2023 Disposals 217,350 165,(KKJ) At31 Marth 224 152,350 DEPRECIATKIN At l 0*)ri1223 Charge foryear Imlnated on dtspos 80, 28,154 {38,099) At 31 2tt24 70,117 NET BOOK VALUE At 31 March 2024 At 31 M&rh 2023 137,288
( Chwllable IrMrporai8d Organlsatlon I Notss to the Financlal Staigments. ntInl forthe Year End 31 March 2024 12. INVEmEr PROPEFrrY FAIR VALUE A(klthn8 534.500 At 31 March 2024 534,500 NEf BOOK VALUE At 31 M9rch 2024 534,500 At 31 Mabth 2023 Inv&sbn8nt rxopty wulred y*r B Sta 8t tt as at the year 1. The tnJstee8 hng regard to infornatlcfi avalable arB of Ihe opiiky) that ihis is equwalgnl to falrvalue. 13. STOCKS 2024 2023 ,512 450,010 1& DEBTORS.. AMouKfs FALLING DUE %wniiN ONE YEAR 2024 2023 Olhw debtryS 1& CREDITORS: AMOUKtS FALLING DUE wrrHIN ONE YEAR 2024 2023 Htr8 purchaso (see Th)te 17) TrEde L¥pdrtors VAT Other creditc9 rued expgnses 19,827 703.880 18, 303.rKJ6 20,623 64.182 105,224 85,754 8,000 1.053.073 283,783
Lond¢)n Hgarfs { CharttBblo Incwrated Ikggn16atlon ) Noteslo thg Fln8n¢lal StatnlS.¢0nfInued for th• Year Ended 31 IA 2024 16. )24 2023 Hlre WTcha8e (8ee ln 59.936 101,336 17. LEASING AGREEMEP Mlnlmum lease Parnts underhTr f811 due as frkn8: 2024 2023 Nel otrAbJatlons repayak49: withln one year BBtsYeen and five years 19,827 59,936 20.$23 101,336 79,763 121,959 1& MOVEMENT IN FUNDS Nel m0Vernt In funds At 114r23 3113r24 UnbYBtrictsd funds Gera1 fund 806,7 246,084 1,052.790 TOTAL FUNDS 806,7 246,084 1,052.790 N81 m¢)vement in funds, Induded in Ihe alywo 8ro as kJNcAYS: ITK)JmThu ResrceS Movem8nt in ftmds Unrnstrtcted funds e*neral fund 6,3LYa,184 (6,063,100) 246,084 TOTAL FUNDS 6.309,184 I6,063.1) 246,084 Comparntlves for movemenl in funds Net movemgnt in fijnds At 114r22 31131 Unrostricted funds Gener81 fvnd 1.or3,& (217,138) 8.706 TOTAL FUNDS 1,023,844 (217,13B) 806.706
{ Charlt)le IncorpNated InIsatIOn ) forth• Year Ended 31 ma 2024 18. MOVEMENT IN FUNDS- contIrRd Comparattve net In funds, In 8tXNe arp follLyAB: ImIng Resources M)vem8nt reSr( expeIed in ndS Unrthricted funds General fuThJ 5,033.913 {5,251,0511 {217,1381 T(yfAL FUNDS 5.033.913 (5,251,051) {217.1381 19. RELATED PARTY Dk8CLOSURES Induthd i) othw ueditors Lq amount rrf £1,00412O23." £149.Y36) In T8)n to a lo Tllade to the chaty by B trust88. ThwB are trtsre5t w18ngnts fix&1 repaYnnI tsm agre In resm ofthls The mLknr vehtdgs in the arUnts were ac•1 suti8Ct to hifft purchasè 8rT8ngements that weTe entered Into in the name of a trSlee as tharty was unaL to iJtsin in tts name Lxkng a new enoty. The charity has Sndemnffi thè under thè terms of tknse agFeem8nts on a substsrKe over fom basis the assets arKI liBNlllbs have be8n irll1]ed in these accounts as if Ihg transactM)ns been entered into by the Chwlty. This is erdad s 18 and o)mIra131 with no dlr&# bert0 the trLtee. A formal fixed chargts over Fra8 and InVeStrr ProparU&s exts in favour of a volunteer to the charity whereby Ihe pwertles (xnnot be sobj the exFwss nsent in writwvJ of If*t vLlunlw. 2 MEMBERS uMrrED LIABILirY In aw)rnIen with the o)rngttknttbM. in the eVrt of a up of ts CIO. its memtm have no Ilabilty to io Its IlatrAiUes any pewml Ilabfty for settliThJ any d8bts and ILqbilitles that mlght arise.