HEART OF THE CITY OF LONDON LIMITED

Charity Number: 1117212
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

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.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£659,667

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Donations and legacies £0
Charitable activities £483.92k
Other trading activities £0
Investments £11.18k
Other £164.57k

Total expenditure:
£954,101

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Raising funds £0
Charitable activities £954.10k
Other £0

£11,181 investments gains (losses)

Total income includes £388,373 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £0
Charitable expenditure £954.10k

People

6 Employee(s)

11 Trustee(s)

123 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£80k to £90k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • Other Charitable Purposes
Who the charity helps:
  • People With Disabilities
  • People Of A Particular Ethnic Or Racial Origin
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Other Charitable Activities
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 11 December 2006: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
05973126 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Paying staff
  • Risk management
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Sushil Kumar Saluja Chair 04 December 2020
THE BRITISH COUNCIL
Received: 56 days late
THE CHARTERED INSTITUTE FOR SECURITIES AND INVESTMENT
Received: On time
Paul Singh Trustee 28 May 2024
None on record
Katharine Neale Trustee 05 December 2023
None on record
Joanne Filbin Trustee 14 September 2022
None on record
Taraneh Burton Trustee 14 September 2022
None on record
Suzanne Scatliffe Trustee 14 September 2022
None on record
Martin Powell Trustee 27 April 2021
None on record
Robert Elder Trustee 21 January 2021
None on record
Nicolas Turner Trustee 12 June 2020
None on record
Fiona Clark Trustee 23 January 2020
THE FITZROVIA COMMUNITY CENTRE LIMITED
Received: On time
Carmen Whitelock Trustee 10 October 2019
Family Fund Trust
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £758.63k £459.62k £983.04k £260.81k £659.67k
Total expenditure £676.59k £515.47k £465.08k £537.23k £954.10k
Income from government contracts N/A £10.00k N/A N/A N/A
Income from government grants £330.86k £202.00k £800.00k N/A £388.37k
Income - Donations and legacies £698.43k N/A £895.00k N/A £0
Income - Other trading activities £0 N/A £0 N/A £0
Income - Charitable activities £57.42k N/A £33.58k N/A £483.92k
Income - Endowments £0 N/A £0 N/A £0
Income - Investment £2.78k N/A £0 N/A £11.18k
Income - Other £0 N/A £54.45k N/A £164.57k
Income - Legacies £0 N/A £0 N/A £0
Expenditure - Charitable activities £676.59k N/A £465.08k N/A £954.10k
Expenditure - Raising funds £0 N/A £0 N/A £0
Expenditure - Governance £0 N/A £0 N/A £0
Expenditure - Grants institution £0 N/A £0 N/A £0
Expenditure - Investment management £0 N/A £0 N/A £0
Expenditure - Other £0 N/A £0 N/A £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £0 N/A £0 N/A £0
Long-term investments £0 N/A £0 N/A £0
Other assets £506.86k N/A £1.02m N/A £580.29k
Defined benefit pension scheme asset or liability £0 N/A £0 N/A £0
Total liabilities £1.22k N/A £48.28k N/A £184.12k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 21 January 2025 On Time
Accounts and TAR 31 March 2024 21 January 2025 On Time Download Open in new window
Annual return 31 March 2023 12 January 2024 On Time
Accounts and TAR 31 March 2023 12 January 2024 On Time Download Open in new window
Annual return 31 March 2022 31 January 2023 On Time
Accounts and TAR 31 March 2022 31 January 2023 On Time Download Open in new window
Annual return 31 March 2021 27 January 2022 On Time
Accounts and TAR 31 March 2021 27 January 2022 On Time Download Open in new window
Annual return 31 March 2020 15 December 2020 On Time
Accounts and TAR 31 March 2020 15 December 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

OF ENGLAND AND WALES. MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 20 OCTOBER 2006 AS AMENDED 23 NOVEMBER 2006 NOW ARTICLES OF ASSOCIATION ADOPTED BY SPECIAL RESOLUTION DATED 15 DECEMBER 2010. AS AMENDED ON 22 MAY 2020 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 11 SEP 2015

Charitable objects

4.0 OBJECTS 4.1 THE CHARITY'S EXCLUSIVELY CHARITABLE OBJECTS ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING: 4.1.1 THE PROMOTION OF THE VOLUNTARY SECTOR FOR THE BENEFIT OF THE PUBLIC, BY: (A) 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; AND (B) THE PROMOTION OF THE VOLUNTARY SECTOR FOR THE BENEFIT OF THE PUBLIC BY PROMOTING CHARITABLE GIVING BY COMPANIES AND ORGANISATIONS AND ENCOURAGING INDIVIDUALS TO PARTICIPATE IN VOLUNTARY WORK, PROVIDING EDUCATION AND TRAINING ON SUBJECTS RELEVANT TO THE EFFICIENCY OF THE VOLUNTARY SECTOR AND ASSISTING IN THE PROVISION OF FINANCIAL, TECHNICAL AND OTHER RESOURCES TO THE VOLUNTARY SECTOR; 4.1.2 SUCH OTHER CHARITABLE OBJECTS AS THE DIRECTORS SHALL CONSIDER APPROPRIATE. 4.2 THE CHARITY SHALL FURTHER THE ABOVE OBJECTS EXCLUSIVELY FOR THE BENEFIT OF THE PUBLIC IN THE UNITED KINGDOM AND ELSEWHERE IN ACCORDANCE WITH THE LAW OF CHARITY OF ENGLAND AND WALES. 4.3 FOR THE PURPOSE OF THIS CLAUSE, "THE VOLUNTARY SECTOR" MEANS CHARITIES AND VOLUNTARY ORGANISATIONS. "CHARITIES" ARE ORGANISATIONS WHICH ARE ESTABLISHED FOR EXCLUSIVELY CHARITABLE PURPOSES IN ACCORDANCE WITH THE LAW OF ENGLAND AND WALES. "VOLUNTARY ORGANISATIONS" ARE INDEPENDENT ORGANISATIONS WHICH ARE ESTABLISHED FOR PURPOSES THAT ADD VALUE TO THE COMMUNITY AS A WHOLE, OR A SIGNIFICANT SECTION OF THE COMMUNITY, AND WHICH ARE NOT PERMITTED BY THEIR CONSTITUTION TO MAKE A PROFIT FOR PRIVATE DISTRIBUTION. VOLUNTARY ORGANISATIONS DO NOT INCLUDE LOCAL GOVERNMENT OR OTHER STATUTORY AUTHORITIES'.

Area of benefit

The area the charity can operate in, as set out in its governing document.

IN HE UNITED KINGDOM AND ELSEWHERE.

Contact information

Address:
C/O INNOVATION & GROWTH DEPT
CITY OF LONDON
PO BOX 270
GUILDHALL
LONDON
EC2P 2EJ
Phone:
02073323848
Email:
info@theheartofthecity.com
Website:

www.theheartofthecity.com Open in new window