HEART OF THE CITY OF LONDON LIMITED
Promoting the voluntary sector by making best practice in corporate social responsibility easily accessible to companies through peer-to-peer knowledge sharing in order to effectively promote ethical standards and increase positive impact on communities and the environment.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £123,422 for the year ended 31 March 2025, an improvement on the previous year's deficit. Per the trustees' report, unrestricted reserves stood at £272,750, which is above the stated minimum target of £240,000. The trustees confirmed that the charity has adequate resources to continue operating for at least 12 months from the date of approval.
What the accounts disclose
“For 2024-25 there was 1 member of staff with salary above £60,000” — page 33
“For 2024-25 there was 1 member of staff with salary above £60,000” — page 33
“The City of London Corporation is currently providing a four year grant to Heart of the City which provides £200,000 of cash receipts per year from 2021-22 accounts. As of 31 March 2025, the final year of this grant, Heart of the City is not due any income from the City of London Corporation”
“In addition, Heart of the City received contributions in-kind from the Corporation for accommodation of £19,607 (2023-24: £21,249) and audit fee of £5,725 (2023-24: £5,450).” — page 36
“The City of London Corporation is currently providing a four year grant to Heart of the City which provides £200,000 of cash receipts per year from 2021-22 accounts. As of 31 March 2025, the final year of this grant, Heart of the City is not due any income from the City of London Corporation”
“In addition, Heart of the City received contributions in-kind from the Corporation for accommodation of £19,607 (2023-24: £21,249) and audit fee of £5,725 (2023-24: £5,450).” — page 36
Funders the charity credits
- City of London Corporation
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Sushil Kumar Salujachair
- Martin Powell
- Robert Elder
- Shravan Joshi
- Suzanne Scatliffe
- Taraneh Burton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £924k | £1.0m |
| 31/03/2024 | £660k | £954k |
| 31/03/2023 | £261k | £537k |
| 31/03/2022 | £983k | £465k |
| 31/03/2021 | £460k | £515k |
Common questions
Is HEART OF THE CITY OF LONDON LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £123,422 for the year ended 31 March 2025, an improvement on the previous year's deficit. Per the trustees' report, unrestricted reserves stood at £272,750, which is above the stated minimum target of £240,000. The trustees confirmed that the charity has adequate resources to continue operating for at least 12 months from the date of approval. Its FY2025 accounts were audited by Crowe U.K. LLP.
What does the highest-paid employee of HEART OF THE CITY OF LONDON LIMITED earn?
Per its FY2025 accounts, the highest-paid employee was in the above £60,000 band, and 1 employees earned over £60,000.
Who funds HEART OF THE CITY OF LONDON LIMITED?
Funders whose own accounts filings name HEART OF THE CITY OF LONDON LIMITED as a grant recipient include THE PWC FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE PWC FOUNDATION | FY2024 | £11k | social mobility |
| THE PWC FOUNDATION | FY2025 | £10k | social mobility |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Greater London Authority (GLA) | 08/08/2023 | £1.0m | Minority Business Matters |
| Greater London Authority | 08/08/2023 | £1.0m | Minority Business Matters |
| City Bridge Foundation | 14/03/2018 | £475k | Grant to Heart of the City |
| City Bridge Foundation | 12/03/2015 | £278k | Grant to Heart of the City |
| City Bridge Foundation | 18/04/2013 | £108k | Grant to Heart of the City |
| City Bridge Foundation | 10/09/2009 | £158k | Grant to Heart of the City |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| TRUST FOR LONDON | 1 | £80k |
| CIVIC POWER FUND | 1 | £64k |
| SIR HALLEY STEWART TRUST | 1 | £59k |
| THE OVO CHARITABLE FOUNDATION | 1 | £55k |
| THE CAMELLIA FOUNDATION | 1 | £53k |
| THE JOSEPH RANK TRUST | 1 | £38k |
| THE MERCERS CHARITABLE FOUNDATION | 1 | £35k |
| THE ALAN AND BABETTE SAINSBURY CHARITABLE FUND | 1 | £26k |
Charities like this
- CENTRE FOR THEOLOGY AND COMMUNITY LIMITED
- BURNLEY PENDLE AND ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE
- HESTERS WAY PARTNERSHIP LTD
- NOVA WAKEFIELD DISTRICT LIMITED
- CREATE SPACE LONDON
- KENTISH TOWN CITY FARM LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| HEART OF THE CITY OF LONDON LIMITED | £924k | above £60,000 | 1 | above | — | no doubt |
| CENTRE FOR THEOLOGY AND COMMUNITY LIMITED | £680k | — | 0 | above | — | no doubt |
| BURNLEY PENDLE AND ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE | £2.1m | £60,001 - £70,000 | 1 | below | — | no doubt |
| HESTERS WAY PARTNERSHIP LTD | £515k | — | 0 | unclear | — | no doubt |
| NOVA WAKEFIELD DISTRICT LIMITED | £1.6m | more than £60,000 | 1 | unclear | — | no doubt |
| CREATE SPACE LONDON | £132k | — | 0 | unclear | — | no doubt |