LONDON HEARTS
Financial health, per its FY2025 accounts
The accounts state that the charity reported a small net expenditure of £29,333 for the year, attributed to the conclusion of a Department of Health and Social Care funded initiative. Despite this deficit, the trustees confirm that unrestricted reserves remain strong at £1,023,457, which is above their stated policy target of three months' operating costs. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“They have assessed that there is a need to maintain a base free reserve equivalent of at least three months operating costs.” — page 4
“Included in other creditors is an amount of £150,000 (2024: £150,000) in relation to a loan made to the charity by a former trustee, now deceased. There are no interest arrangements and no fixed repayment terms.” — page 22
Structured financials (annual return, FY ending 30/04/2025)
Trustees
- Peter Richard Neilchair
- JAMES PAUL HUCKETT
- Leah DeMaid
- TIMOTHY HARRISON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £5.4m | £5.4m |
| 31/03/2024 | £6.3m | £6.1m |
| 31/03/2023 | £5.0m | £5.3m |
| 31/03/2022 | £3.5m | £2.6m |
| 31/03/2021 | £819k | £777k |
Common questions
Is LONDON HEARTS financially healthy?
The accounts state that the charity reported a small net expenditure of £29,333 for the year, attributed to the conclusion of a Department of Health and Social Care funded initiative. Despite this deficit, the trustees confirm that unrestricted reserves remain strong at £1,023,457, which is above their stated policy target of three months' operating costs. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by DHB Accountants Limited.
Who funds LONDON HEARTS?
Funders whose own accounts filings name LONDON HEARTS as a grant recipient include THE CHRISTABELLA CHARITABLE TRUST, THE LAWSON TRUST CIO, THE SHERLING CHARITABLE TRUST, THE NORTON ROSE FULBRIGHT CHARITABLE FOUNDATION, PILKINGTON CHARITIES FUND.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE CHRISTABELLA CHARITABLE TRUST | FY2023 | £14k |
| THE LAWSON TRUST CIO | FY2024 | £10k |
| THE SHERLING CHARITABLE TRUST | FY2025 | £10k |
| THE NORTON ROSE FULBRIGHT CHARITABLE FOUNDATION | FY2023 | £5k |
| PILKINGTON CHARITIES FUND | FY2024 | £4k |
| THE WILLIAM ALLEN YOUNG CHARITABLE TRUST | FY2023 | £2k |
| THE CATHERINE COOKSON CHARITABLE TRUST | FY2023 | £900 |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAURENCE, CATFORD | FY2022 | £752 |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAURENCE, CATFORD | FY2023 | £500 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CRUCIBLE FOUNDATION | 1 | £165k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £48k |
| THE ALAN EDWARD HIGGS CHARITY | 1 | £6k |
| THE GEORGE AND ESME POLLITZER CHARITABLE SETTLEMENT | 1 | £5k |
| MOORE KINGSTON SMITH COMMUNITY FOUNDATION | 1 | £3k |
| THE IAN ASKEW CHARITABLE TRUST | 1 | £1k |