REGISTERED COPaPANY NUMBEK. CE015n8 {EnBland and Wal￿)
REGISTERED CHAprri NUPIBEK. 1180901
Audlt8d Flnanclal slatom￿ forthe Y￿r End•d 31 MarEh 2024
( Ch*llablo kncorporated Or￿lS31kffi I
Chart8r8d Pux)untants
Stahrtory Audiors
110 WhitL*urch 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$￿S1￿ nun*er. CE015738)
Report of the TrustO0S
The f￿￿1888 prnsent t￿r teFrf( Ihe firÉrKJd *atenwnts (If the dwlty for 31 March
2D24. The tnJste8s havg thpted the of Acwjnlng aThY Rerrxbng by ￿arities.. Statement of
ReC￿Mmer￿led Pra¢ll￿ apFlt(zLle trj ctrpTIUes PTeparrvJ I￿￿r acxounts in a(urdar￿ with the Finan￿1
RepL¥tsng applicab￿ In the UK and Rewtth oflrelaThl (FRS 1021 leffe(kn8 1 January 2019}
OWECnVES AND ACTIVrnES
Objectlvos and alms
Th& obieckns of charity BTe reKef of and preseryakn of hoalth the p￿riC ixnefft
amongst wple rosiding kn the UK by rKovtdwig a nets¥c¥k of d8fibrillators lknughout the area, proVis￿)n of
CPR training and ernha￿ng aww8ness arrwnd Cardw fr￿81th awKlated LX)ThlitrJn&
Slgnlncant aetfvit
In order to achieve Its Otieclives the (*orfty U￿ler￿kO9 fund r8thg and r￿￿8$ ¢bnallcm8
arKJ grant fundlng gJw8sful applicallons have m*le. 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 ￿t￿￿es. the tt*tees have ￿￿SkIered Ihe C￿[1￿
Cr￿MI&S1on guidance on publTC ben8fft.The charity gives CArbful ¢￿id￿n to ensuri￿ it8 actwSUes are
awSSib￿ to all elvJiLle Us￿5 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 l*xpitaL8 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 defitrMl￿tc￿s thr￿ the UK ty dlre(* $8le at a subsKlrzed co8t,
grantfundro arnl kjDvrding freecitne tr81nlrvJ supr*
Thr￿gh ts charitaht8 actniibes London F￿a￿S seths to mak8 IkfibrIlat￿ nTh)r8 8ffordabSe to communiUe8
and (ffJani8arms the ￿Jnty.
On8 (If the hb3NkJhts In our a(*¥eVen￿rts this year has L￿n 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￿ ac￿￿5 En￿8￿￿. Thi5 inibabve represgnts 8 8vJnificant step forward in
gnsurfng that Itfe devlces are re￿IlY avdllabk in rxNnmunrlies WI￿re they are ￿eded enhanclng
publlc safety and em￿￿rIng IrbJivNJuaIs to reskN)rnl effecaNety In lydi￿ ernrYenc￿5.
A (L￿9r5E0n8 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
In￿a￿v¢S that akn to txevent strnl* losses. Th8W Stories 0￿mitmant to ratsing avrar8￿&
axpanding access to defi¥TllatrKs, and e[TvY￿￿ cx*nmunibes 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 ￿MpaI￿6 have ind￿KluBL￿ 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 perf0mlar￿E
The charity conlnues lo rdi5e its proffe 8rMI pknj a nunknr of defibriNRtors In the conwnun
88 nwe fulty describ￿1 In ILS websile.
During the year of the paswl away after al i9Jws. Nirlk* Lloyd ha5 t*en a5socaalèd vAth th
charity slnce its wmmencemenl Inlllalty as a vdunteer and as a TnJste& HL% wsdom. guidan￿ and
support will bB MI￿ad a￿1 8$X￿latsd wtth th6 cfwity are N8 eth.
Flnanclal revl•w
Financlal posltion
The charity as a rgsuk of Ns efforts in preMous years has been at49 to trAJld up a hearty level of firAndal
reserves which enabth it to ￿Ld1Ze the o)8t of d9￿￿l￿atc￿5 atml cthnets ￿ pursuan(* of its
ritabfg obJ8Ctw8s.
The results of th8 d)8rfty are set out In ￿ Statement Ll Fin￿81 AthIU8s. ￿ at 31 Marth 2024 the charity
had total funds of £1,052.7￿.
Th8 trustees aTe vAth the aCh￿veMents on the year, the aThJ ts oJThent finarmsal posltkln of
London H8arts.
ThelNsW that thBrg erg fKtr fvndsthat tHve been as io LW.
Invostsnont policy and objectiVg$
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 r￿t knrKial y￿r &% to whether these prwT(ie8 wll ￿ hdd for
th8 longer tsrm.
R88•rve8 pollcy
The tnJst988 have Con￿dered th8 requIren￿ts tr reseNes tr) the tharrty. suth review erKTh7￿ssIng the
natur8 of incom8 ￿ eypendrture Strean￿ aThJ io motrth varlatAe ifKX)n* wllh r￿ed ￿MmI￿nents
8nd the 8Lxl& ofreserves requlred.
The trt￿te9s reC¢￿IE8 th8 n*1 to hc4d [esw￿8 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 rn￿thaTh suthwt lo m08t thatrequremenL
The trntsteos are aware rA Ihe lo (yJnlInu￿ty n￿￿1t(* ruserves lyjt are s8t1sf￿1 that the tharfty WNI b8
able ts) moet ivs Ob￿a￿nS &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 Shortr￿1 in short-to￿n d¢x8nt affeot finarthj viaLhlty of (he charity.
Prfnclpal rfsks and uncertalntles
The charikn OXFX￿r8 to li3k is reMg*NI tfrR year by the Tr￿. The maln exanin￿ av8
GtwemarKX & manbJem￿bL 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 r*k. Miflgatiro fact(Ks are
eonsKlered and a strntvJy IlevekJp&d f0llry￿￿g suth rrorwJemerrt of the
Govgming document
The legal fr)rm of the tharity ￿ that of CharttaL48 OrganEabon (CIO) whlch b suw to 118
govemlng dr￿Ment, Its cons11￿￿￿. vhkh can* nto eff￿￿ from ts date of r￿g￿tration a4 a d)arity cm 29
November2018.

I Charttablo I￿orPorated Organlsatlon ) (Re*tsred numljer. CE015T38)
of TrtThtees
for the YOAr EThJed 3111￿12024
srRUGTURE, GOVERNANCE AND MANAGEMENT
R8crulth)8nt and appolntsnwrt of newtruste8S
The arvolnted trn8￿ activ81y S￿￿￿ra96 and seek Io K18ntify a￿)rrIxtate to the CIO as
tnthes.on appdnlm8ni 8ath new truste6 Is pro￿￿￿1 vAth B cwy of bhe constlttthn and th8 CIO'S latest
avBllableTrustee8 Amual RerKNt aThY aC¢thn￿ traimg 8ThJ lThluckn Is P￿dacI 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 n￿et 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 @Y￿￿ed and to ensur&
apprwlate ￿ntrOl5 are In pla￿ to PTDwde reasonabie a￿jran￿ ￿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 AcC￿l￿nts Umrted
Chartered Accwntants
ststulory ALKIito
110 Whrtchurch Road
CF14 3LY
COMMENCEMENT OF AcnvmES
The charlty w78 inwordted as a Charl￿8 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) le￿81*d vltrt ￿ Charrty COMTh￿C[t under
number 1180￿)1. The th8rity i5 ￿80 re￿stered on the Cl￿pan￿4 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 fi￿nd31
statements in 8(xxJrdance wrth app1V￿ble WKI Uniw A(AxMJnting Standards (United Klngdo
Generalty ALUPt&J Aowuntiig PrnCt￿e).
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
re￿u￿ In(4uding the inojma and expendriure. of the ojnpany for that tth. In pryring
tlw ffnanLyaJ stateThnls, the tntstees are r￿￿r￿j to
select surFablB artounttng pokes and typ￿them
(therve th8 metWs and prfncapkn in ￿ Charrty SORP:
makeIudgem￿ts and estimates Ihat 8rè reasonable and pnmjent
èpar8 the finandal statements on the golng (￿l￿n 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 fr￿d and
rAh8r Irr8gularibes
In 80 frdr &s the trust888 are avrarn..
there is no r8t8vant audit in1c￿nall0n of vthith the charil&ble lx￿p3n￿S 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 r￿Intment 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 cha￿ble 1rmr￿ratèd 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
s￿n￿[can1 ac¢tsJnting policEs. The finand￿ re￿rtIng fram￿th that has b8en applied in fheir weparation is
ar￿11￿￿18 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 COm￿lS 8ff8irs &4 at 31 March 2(Y24 and of its
h￿oMIng fBSOUW and application of rescuw ￿￿fIr￿J its incomB for the year thèn
ended".
. have been kY0p￿ prepPr￿ in a￿)rd￿ with Unlbj ￿ng￿rn Generaty A￿Pt￿ ALwuntitvJ Practice.,
and
have been ￿spared In ￿anrA ￿ the requlrem￿ts oflhe c￿P9n￿ A(a 2￿6.
Basss for oplnl¢)n
We cK)nduded our autht In al￿r￿a￿ 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 acr￿rd3n￿ wfth the ett￿Cal ￿lre￿Ents that 8rB ￿l￿want to ryjr audtt of finand
st818m8nts In th8 UK, IrK4uding the FR￿$ Ethkal StaTKJard. w8 have fuffilled ¢yJr ofher elhkal
re4)onsIb￿lts08 in accorda￿8 with these r￿uIremenL$. W& the authl we have otrAaiwl
sufficient and approwate to prO￿e a bags
Con¢luslons rèlatlng to going concern
In Rudthng thB financlal statements have c￿lud￿ that inth, u58 ¢￿ the cx)nwn basis of
acaX)Lmtry in the prepaHtion of the flnancial Stste￿nts ￿ appyowmte.
Ba￿1 on Ihe work we have pwbmiwj, w8 have not i(lenfiF*d any malwrdl un￿rtaIn￿eS retafing to events or
(l￿dI￿On$ th81. IrKI￿UallY 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 responsibil￿e5 and the resy￿￿b1￿ueS ((the truste&8 to gcry are dO￿bad In th8
re￿nI ￿tK)n8 ofthk% repK)rt.
other Infom)atton
The tnjstees are reswnsble for the other infmtion. The other information comprfses the infom?tion
Ir￿luded in Rw( than tho finandal Ststem￿ and our Rel￿rt of the IrMle￿nd6nt A￿lItOr
thereon.
I￿r OF4nlon on Ihe financlal slatements L¥JVW the clher Inforn*tkn and, except to Ihe extent
rAh8p￿ls& explldtty stated In V*e do notexkyoss any frm d&%>JrarKx rA)n￿sk)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 hf0m￿tr>n kq rnaterf￿y inLX)nsEienl fhe flnanclal stateTnents or
knovAedge ObtaIn￿ in the audit ￿ oth8Th￿ apwars to ￿ M￿t￿l￿ rThsstated. If we Identsfy su¢h
Materi￿ inttJnsi8tsnra8s or ap￿r￿t material MESiaten￿ts. are to dalwmlne whethgr thks gives
rise io a material misslatemenl in finarKial #Atements I1￿881¥e$. If, based on the wort we have
p￿rn￿j, wo ￿nd￿de 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 W￿Jrrtkng rerx)rds;
- the stslements are rvjt in agTeemenl th thè rel￿ arKJ Tetun%', or
. we have not re¢dV￿ 81 tho inforrnth arKI reoAre fOr￿r au(r

London Hwrts
I Charftgble Incorporatod Organi6albon ) (Reglst8r8d numbor. CE0157381
R68pon3ibllUes of tn
AS explalned ful￿ In the Ststement of Trustees, ReSp￿sibIlitIeS. the trustees (who also the directors
of the tharitable company the w]ryKW of (X1Th￿nY law) are res￿nS￿￿ 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 en*49 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 U￿ng
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 appcAn￿1 as auditors uTrJer Sthi 145 of ts Charits Act 2011 and In acwrdanc
with the Act and rdevanl rewLatlons m*Je orhaviro effed the1W￿r.
I￿Jr 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 o￿nion. 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 ￿skIe￿3 materlal W, Indlwdualty or in the agJw8te,
they reasonably be 9XFodgJ to er￿￿m￿ decisi￿ of users taken the basis of these
ffnanrjal 8tatsmerts.
The extent to our pyLK￿U[￿S ar8 of detedirwJ lThwJularrti84 trK4L¥JlrvJfrdud ts defalth bek)w.
CapBbility of the audk li dated￿ trregukrlbes, IrKIL￿rmj fi*xl
The r￿JetheS of our audrt are to identify and assess fhe Tnaterfal mwatement of Ihe fIna￿lar
8tatwn8nts due lo fraLvJ or ￿r, to obtsln SLffictenL apixwiate e￿de￿ regarding fhe assessed rlgk8
of materfal mlsstatemont dug to frwJ cf errw. aTrJ b) rosr￿d 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 ap￿lCabKfj . arKI ttrKough dig)Jssion *ith trustees a￿1 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. ant￿brib￿y empk)ymenl kw. We (x)nsidgred the exteni to vknir
non￿OMpl￿n￿ mvJht have a mater￿1 effoct Ukxx) the statemgnts.we also cons1Je￿ 11Thg laws
and regu￿[lOnS that have a dlrect 5mp￿t on fhe preparath)n of the finarK1￿ Sl8tsrr￿ts ￿ch a8 the Chariti&8
act and Stalement of Recomm8nded Prad￿e applKatAe to C￿leS preparing th8ir ac￿)untS in 8ccordar
Ih the Fknantial Rep￿ti1VJ Stsndatd 8PFAit3bl8 in ts UK awKI RewbI￿ of Ireland. We (￿MmUnICated
ldBnt1fi￿ law8 and regulati￿S thrcAJghxt our te￿ and romaned alert lo any ndirstornq cm non-complian
throughout the audit. Wè evaluat8J manag8menfs InLXrtNtis and OP￿nI￿e5 for fraudulent manSrAJlallon of
the flnanclal statements li￿￿￿1￿ng the risk of ov￿ride on (Thtrc4s1 aThY detemilnwj thg windpal risks wer8
related to.. Tnarwgement tias in acc(yJnting eslwnate5 and B¥$￿ental areas ol the financial stalemgrrts such
as in¢oTh rac£ordtI￿ arNJ ÈxovlsknlThJ for o)s(& A￿lIt w(x*dures tkned by the engagement t88m
included..
laws and regulations
. Assossment of Ident￿e￿ fraud rLg¢ fKkns
. ch￿￿n91r@ assumptions arKI judgern￿ts maje by rr0rWTh￿nt in swificant acwunljro esUmat8s
- Performing alla￿ti￿1 revi8W
. Confim)atM)n of related p8rli&s ￿th and r￿QW oftransarllons
- Performing such substantive procedures asiudging aFvopriaie a￿1 sethng IndeE￿ant u)nf￿￿tionS.
. Audlted the risk of man&J8m8ntoverrid8 fm a￿1 rdtkThb ofsunrficanl transac*cr
audrt tests induded 4reeirwJ the slater￿￿ (r￿Ck$U￿S to supKKvdng
)cumentstton and er¥4uww with M￿￿ement
Our audf( prrAxdure5 were deS1J￿ to rBwy)nd to (rf materlal mlsstatement in the finanrAal statements,
r8t>yJnlzlng that Ihe rfsk of ￿t d&l￿tir0 a mat81ial mi4stat8ment tlue to fr8ud Is hlgher than the risk of not
detecting one re￿￿ting frcffl error. as fraud may invrA¥e dell)erale for Oxampte, trgery,
misrepre5entalion or thr￿ LL)Iluslon. There aTr Inhe￿nt 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 a1X￿rd8nce IS4.8 (UK). wa 8xerc48e [￿k￿l JudJmnt aThJ nwhrtakn
p￿feS￿￿a1 sceplidsm Ihroughout the authL
W8 (x)mmun#xl8 ￿￿th ¢*arg￿l 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 (kn￿ripl￿ of our rasw￿￿1￿6S for ts 8udlt of th8 statenwts & btzted cv) the Fln8ndal
Rep(*Ung Counol's w8b8lie at wvhY.frc.0￿.uk1audI1c￿8r￿4ti* This de5cripth)n f￿m5 part of txr
Rgpiyt ofthe lr￿e￿nd￿t￿JthbI
Use of our rBPOrt
This rep)rt Is made ￿[￿Y to ts chartt814e L￿S trustees. as a iKMty. in ￿￿ordaI￿ P8rt 4 rA the
Charitss IAc(x)unL8 and Reports) RegulalK>llS 2008. Our a￿Jit work has l*en uTrJertak￿ so that ￿ mlghl
State to lh8 charttable oJny)an￿8 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 cFwiit*Jle company charitth tsxnpatys tr￿leeS 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 tel￿8 (rf Sedkn) 1212 (rftho C(¥nwl￿￿1 2Q
Chartered Accountants
Stthtory AuthtLKs
110 Whitchurch RD8d
Cardtff
CF14 3LY
18 JBnu8ry 2tr25

{ ch8rllabl• IncoW ¢knnlsatfon I
for thg Yew End•d 31 Ma￿h 2024
2D24
un￿￿trICted
fund
2023
Total
ft￿d8
INCOME AND ENDOWMEpifs FROIIJ
DO￿tIOnS and bJaaes
2.949.239
2220,100
Othwtradtng a(thrWs
3.359,945
2,813,813
Total
6.3CIJ.184
5.0&3,913
EXPEND￿uRE 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 eXper￿rture 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,$43
1,154.640
CREDITORS
Am￿nts falling du&Wrthi) L￿8 ye
15
11.053.073)
{283,7831
CURRENT ￿$s￿8
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 *ThJw1￿go rgsFmllililies for
(a)
en8uring 1hal the charitable conwany k08P5 l￿dS that i#JmFdy I￿1h 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& ¢h*itable
ojnpany as at thè end of each fi￿CHI year ￿ of Its surplus or deficit for eath fina￿[ year in
ar￿￿lan￿ with requiremewrts of 394 and 395 atMI oth￿￿Se wlh the
req￿re￿￿nIS of fhe CrAnp￿leS N£t 2fth YeLqthvJ to financ¥J statements, so far ￿ applIC*￿tt to Ihe
thaTitable uxnpary.
These ffir￿1 sl*wits have teen a￿fjtad under the wuhpments of s￿)n 145 of tha Charftles Act
2011.

( Charltablb In¢￿￿8d Orgwlsatkm ) (Rw*tsrod nuntr. CE01Sf38)
The fftnandal 8tatsmwts were ap[Kov￿1 by the Bo*d rf Tru8te88 arKI for 1&8U8 C
18 January 2025 Bnd V￿re its ￿haIrty:
P R Nell- Tw8ts8

21)24
2023
Cash flows from operatlng actlvttle
Cash generated frcrfn or*rthns
511109
{164.3101
NeIr￿h 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 equiv*ents 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) 0￿ra￿0
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￿ (￿lSa￿L￿ (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 ￿dud￿j th￿ ffia￿al 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) 'Ac￿unti￿j and Reporting by. Charfde8'.
Stat8m8nt of ReC￿Men￿l prath￿ to i*t8rlbes tirepamg thelr acxxjunts in artordance
w6th the Financial ReFortiTrJ Standwd applicxble in thg UK arnl Republic of I￿nd {FRS 1021
leffeGfivg 1 February 2019). and the Charibes Act2011.
ffinanCk￿ statsments are ￿￿es8n￿l In 1x￿NA$ slErfuyJ 15 Ihe fij￿￿(￿1 rperBllng ￿rre￿ of
the charfty.
The fi￿n[l￿ stat8ments Pwe been weF0rgJ ￿ a COrr￿n 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 In￿Me L8 rocconrzgj in Ihe Statemwrt of Finarkaal Acap4I￿eS ￿ce the (*wity has enth￿ment to the
funds, li is F￿Dbthe that the wll be rer￿￿￿1 and Ihe am￿nt mg3sured rnliabfy.
Grdnts re￿fv￿J aro rec#)wlz*J as In[Th￿ in of reL￿pt urkn cx)ndWk*ns exist that suggest
otheThyi5e.
Expendlluro
L&?bllttles we as expe￿IlluTe as as t￿￿e 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. EN￿dItUre 18
accounted f￿ on an a￿rUa￿ basis arid has dasslfied urKIBr headI￿S that aggr8g8t8 all c£6t
reLgted to t￿ Cate￿ry. Where ca8ts ￿nn0t te (Srecty athlLxrted to partic#Jlar thèy have buen
allrxated to acbvtbgs on a rmi5tentwith use of rBsourw.
Tanglbla fixed a￿ts
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.
F￿tureS and fitlngs
Motor v8hlde8
Computer equ¥JThnt
. at YdryiThJ rates ￿ ￿st
Flxed assets ￿￿1￿j at ¢x)si
Fr8ehdd I￿￿ & Buldings arB mt deprechabj. the truste8S 8re of Iha opinK)n that ￿ fair Yalue of
a￿ets 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 de￿lakn charge as rwuirgj to CoM￿Y with acn)untirvJ
standa￿$ is nL* materwl to fThn¢i81 stalerneTts.
In￿Stment property
Invesknent pwperty is s1bJ￿7) at rrKtst v8hja1i￿. Arty yJregate 8urplus or defrxt arising from
thanges In fatrvalu818 wiwj tn Ihe Statomerf (rfFirwbial ActNib&s.

London Hoarts
{ Charttable Incorp￿a￿ (￿nIsatIon )
ACCOUPMNG POUCIES. contlnwd
Sloc*s are vafued at lower of cost and not realisaL48 value. after maknng due albwan¢e fr)r
ob￿￿￿te a￿1 ￿0W ￿eMs.
Fund accowthig
Unr8strict8d furmjs h acpx*d&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 S￿Cl￿ed 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￿ u￿1￿r h]￿ pU￿h&se Lxjntracts ￿ financ* ￿pItalISed in th8 Balance SheeL
Those h* under hir8 purchase rxjnlracts arB dep￿lated over their gsltinated lives. Thosts h8ld
ur￿r finar￿ lea￿ ¥e deweciated OV￿ thek oslinabj useful lives th818ose tenn. Wh￿heVer Is
shorter.
The Interest e￿m￿t of th￿9 oL4Igati(￿S is statem￿ ol FrAndal Athttes over the
rel8v8nt perfod. The 81arr￿tofts fukn payments B treated as a ILgbiffity.
Pènslon Costs and other pOst￿thIr9nWnl ￿nofits
Th& chariWs wnpbyees are enro￿ in a pension Sc￿0 88 Part ofts 9yrfern￿nts Auio Enrolmgnt
provBKJns and contn'txjtions 8r8 tharLwJ kn IhE fnanual statements kn period In yth￿h fhey aro
Incu￿8￿.
Irrecovorablo vat
Irrecov8rabl8 VAT is 8g8lnst thè catew of r￿Tr￿ exp￿thd fLKwhich It￿ds k￿rr￿￿.
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 dona￿OnS and lfyga¢les
2024
2023
Ath￿SIng & Marketing
74.110
TT.3Y3
CHARITABLE ACri￿nEs COSTS
￿¥￿t
Costs
Defft*llators & 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 Inc￿1(a￿￿￿1￿reI 18 slabj after dw90￿((￿r￿n9).'
2024
20YJ
Aurfil(Ys' re￿U￿ra11On
DeprerABti￿- ownwj assets
Depr8d￿r￿. 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, rel￿n￿thn ￿ ofher L￿ffl$ the year el¥￿￿ 31 March 2024 nor for th6
yeai ￿￿ed 31 Marth 20ZJ.
T￿￿￿Os. oxponsos
There tru8t￿¥ 0￿r￿e5 pakl for ts )par eTMknJ 31 M8rth 21Y24 nor for ts yoar ended
31 March 2023.
10. STAFF COSTS
2￿24
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
fitti￿8
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.contlrn￿d
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 nHlnIJ￿d to a hlgh 8tsThJard of
r8P8r suth that In the cpinion fwsle8s atry d8[xecB￿n 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 2￿24
152,350
DEPRECIATKIN
At l 0*)ri12￿23
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. ￿ntIn￿l
forthe Year End￿ 31 March 2024
12. INVE￿mE￿r 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 t￿t as at the year ￿￿1. The tnJstee8 h￿ng
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 creditc￿9
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 Stat￿n￿lS.¢0nfInued
for th• Year Ended 31 IA￿￿ 2024
16.
)24
2023
Hlre WTcha8e (8ee ln
59.936
101,336
17. LEASING AGREEMEP
Mlnlmum lease Pa￿r￿nts 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
m0Ver￿nt
In funds
At 114r23
3113r24
UnbYBtrictsd funds
Ge￿ra1 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 Res￿rceS 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 I￿nIsatIOn )
forth• Year Ended 31 ma￿ 2024
18. MOVEMENT IN FUNDS- contIrR￿d
Comparattve net In funds, In ￿ 8tXNe arp follLyAB:
I￿￿mIng
Resources M)vem8nt
reS￿r(￿ expe￿Ied 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 w18ng￿nts fix&1 repaYn￿nI tsm agre￿ In
resm ofthls
The mLknr vehtdgs in the ar￿Unts were ac￿•￿1 suti8Ct to hifft purchasè 8rT8ngements that
weTe entered Into in the name of a tr￿Slee as tharty was unaL* to i*Jtsin 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 ir￿ll1]ed in these accounts as
if Ihg transactM)ns ￿ been entered into by the Chwlty. This is ￿erdad s ￿ 18￿￿ and
o)mI￿ra131 with no dlr&# ber￿t0 the trL*tee.
A formal fixed chargts over Fra8￿ and InVeStrr￿ ProparU&s ex￿ts 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 eV￿rt 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.