Charity registration number 1112071 (England and Wales)
Company registration number 05453364
COMMUNITY HEART (LONDON)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
COMMUNITY HEART (LONDON)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms P Efstathiou
Mr M Constantinou
Dr C Evangelou
Mrs F Kosta
Mr Chrysanthos Zacharia
Secretary
Ms P Efstathiou
Charity number (England and Wales)
1112071
Company number
05453364
Principal address
193-195 Fore Street
Angel Place
Edmonton
London
NW18 2UD
Registered office
193-195 Fore Street
Angel Place
Edmonton
London
NW18 2UD
Independent examiner
John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Bankers
National Westminster Bank
Whetstone Branch
1302 High Road
London
N20 9JF
COMMUNITY HEART (LONDON)
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Statement of financial position
6
Notes to the financial statements
7 - 17
COMMUNITY HEART (LONDON)
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MAY 2025
- 1 -

The Trustees present their annual report and financial statements for the year ended 31 May 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The charity's objects are:

a) To provide for the benefit of the community a social relief and care service working by means of befriending, encouraging and caring for individuals to assist in relieving and rehabilitating persons suffering deprivation and to raise their levels of confidence so that they are better able to develop the capacity to participate more fully in society in particular but not exclusively by means of visiting persons in prisons hospitals homes and communities in London and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit

b) To provide in the interests of public benefit community facilities (particularly but not exclusively recreational and other leisure-time activities) so as to develop the physical social and mental capacities of young people that they may grow to full maturity as individuals and members of society in London and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit

c) To preserve and safeguard the health of all persons and in particular of young persons who are in danger of becoming addicted to or dependent upon drugs of any description, alcohol, solvents, or other addictive substances in the said location and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit and
d) To promote and fulfil such other charitable purposes beneficial to the community in London and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

During the financial year, the charity continued to deliver and expand its core programmes in line with its charitable objectives. These include the Edmonton Eagles Boxing Club, youth football coaching, the Youth Zone initiative, and the Signpost outreach project.

Edmonton Eagles Boxing Club

The Club operates from Council-owned premises and is led by qualified ABA coaches. It provides training for both adults and children from the local community and serves as a base for additional outreach activities, including food distribution. The Club has continued to grow in participation and impact.

Youth Football Coaching

In partnership with Running with the Vision Youth Football (RWTV), the charity has delivered regular coaching sessions and games for young people. This programme has strengthened community engagement and youth development.

Youth Zone

The Youth Zone project offers structured activities and support for young people. A key highlight this year was the introduction of an annual talent show, which celebrates local creativity and awards prize money to the top three performers.

COMMUNITY HEART (LONDON)
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 2 -

Signpost Project

The Signpost initiative supports individuals facing housing insecurity, food poverty, and emotional hardship. Weekly services include:

• Thursday hot meals

• Saturday teas, coffees, and snacks

• Monthly Saturday full breakfasts

A Christmas meal was held during the festive season, attended by many homeless and vulnerable individuals. Donated gift bags containing clothing and toiletries were distributed.

Food Bank

Operating from the Boxing Club premises, the food bank distributes food parcels on Monday and Wednesday evenings and Thursdays during Signpost meals. The charity has partnered with The Felix Project to provide frozen and chilled food items. Demand has increased steadily, with approximately 150 food bags distributed weekly.

Funding and Development

The charity has actively pursued funding opportunities throughout the year. Successful applications and donations have enabled the expansion of boxing and football programmes, enhancement of youth engagement activities, and sustained delivery of Signpost and food bank services.

Financial review

This is set out on page 5 of the financial statements. There were funds in hand at 31 May 2025 on all funds of £91,907.

Reserves

The charity is seeking to retain sufficient monies on reserve to cover three months operational expenditure, although at the present time this proved difficult to achieve.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee. .
The organisational structure of Community Heart (London) at present comprises six community project leaders, Mr Julian Tobierre who heads the day to day running of the Edmonton Eagles Amateur Boxing Project, Mr Kyri Yiallouris and Mr Andy Sotiriou who head the day to day running of the Running with the vision Youth Football project, Mr Dominic Samy who heads the day to day running of the Youth Zone project, Mr Mario Constantinou who heads the day to day running of the Signpost Project and Mr Beki Mustafa who heads the day to day running of the Foodbank. All six project leaders report to the appointed trustees on a regular basis.

COMMUNITY HEART (LONDON)
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 3 -

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms P Efstathiou
Mr M Constantinou
Dr C Evangelou
Mrs F Kosta
Mr Chrysanthos Zacharia
Recruitment and appointment of trustees
New Trustees are appointed by the majority vote of the existing trustees and only people with suitable experience are appointed.
None of the Trustees have any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.
Statement of Trustees' responsibilities

The Trustees, who are also the directors of Community Heart (London) for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees' r eport was approved by the Board of Trustees.

Mr M Constantinou
Trustee
15 September 2025
COMMUNITY HEART (LONDON)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF COMMUNITY HEART (LONDON)
- 4 -

I report to the Trustees on my examination of the financial statements of Community Heart (London) (the charity) for the year ended 31 May 2025.

Responsibilities and basis of report

As the Trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
17 September 2025
COMMUNITY HEART (LONDON)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
13,976
81,731
95,707
19,071
97,794
116,865
Charitable activities
4
-
65,765
65,765
-
65,934
65,934
Total income
13,976
147,496
161,472
19,071
163,728
182,799
Expenditure on:
Charitable activities
5
4,518
167,549
172,067
2,753
173,065
175,818
Total expenditure
4,518
167,549
172,067
2,753
173,065
175,818
Net income/(expenditure)
9,458
(20,053)
(10,595)
16,318
(9,337)
6,981
Transfers between funds
15
(34,990)
34,990
-
(9,531)
9,531
-
Net movement in funds
7
(25,532)
14,937
(10,595)
6,787
194
6,981
Reconciliation of funds:
Fund balances at 1 June 2024
82,003
20,499
102,502
75,216
20,305
95,521
Fund balances at 31 May 2025
56,471
35,436
91,907
82,003
20,499
102,502

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

COMMUNITY HEART (LONDON)
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2025
31 May 2025
- 6 -
2025
2024
Notes
£
£
£
£
Fixed assets
Property, plant and equipment
11
12,639
12,797
Current assets
Trade and other receivables
12
171
-
Cash at bank and in hand
82,924
93,487
83,095
93,487
Current liabilities
13
(3,827)
(3,782)
Net current assets
79,268
89,705
Total assets less current liabilities
91,907
102,502
The funds of the charity
Restricted income funds
15
35,436
20,499
Unrestricted funds
16
56,471
82,003
91,907
102,502

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2025.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 15 September 2025
Mr M Constantinou
Trustee
Company registration number 05453364 (England and Wales)
COMMUNITY HEART (LONDON)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 7 -
1
Accounting policies
Company information

Community Heart (London) is a private company limited by guarantee incorporated in England and Wales. The registered office is 193-195 Fore Street, Angel Place, Edmonton, London, NW18 2UD.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income

Fees are recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants are recognised in the financial statements in the period in which they are received unless material and related to a specific period, when they are deferred to the balance sheet and carried forward to the next accounting period.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5
Expenditure

Resources expended are recognised in the period in which they are incurred and allocated to the particular cost centre to which they relate. Expenditure includes irrecoverable VAT.

COMMUNITY HEART (LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies (Continued)
- 8 -

Costs of rent and support other overheads are allocated to the cost centres in the following proportions to reflect usage;

Support Costs Governance

Edmonton Eagles 80% 80%

Running with the Vision 5% 5%

Youth Zone 5% 5%

Sign Post 5% 5%

General fund 5% 5%

Depreciation is charged direct to the Edmonton Eagles and Youth Zone costs centres in line with the use of the assets involved.

1.6
Property, plant and equipment

Property, plant and equipment are measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bas i s:

Fixtures and equipment
25% on a reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Fixed assets costing below £200 are not capitalised as well as various small items of boxing equipment.

1.7
Impairment of non-current assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

COMMUNITY HEART (LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies (Continued)
- 9 -
Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Taxation

In the opinion of the Trustees the charity is not liable to United Kingdom corporation taxation on its charitable activities.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

COMMUNITY HEART (LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 10 -
3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Donations and gifts
13,798
6,497
20,295
18,981
7,341
26,322
Grants received
-
75,174
75,174
-
90,453
90,453
Gift Aid receivable
178
60
238
90
-
90
13,976
81,731
95,707
19,071
97,794
116,865
4
Income from charitable activities
Restricted
Restricted
funds
funds
2025
2024
£
£
Charitable activities
Fees and contributions (Edmonton Eagles)
64,791
65,934
Fees and contributions (Running with the Vision)
974
-
65,765
65,934
COMMUNITY HEART (LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 11 -
5
Charitable activities

General

Edmonton Eagles

Running with the Vision

Youth Zone

Signpost Project

Total
Total
2025
2025
2025
2025
2025
2025
2024
£
£
£
£
£
£
£
Staff costs
-
81,139
-
-
-
81,139
90,548

Boxing equipment, events and other costs

-
26,839
-
-
-
26,839
31,360

Small items of equipment and sundries

-
648
-
-
-
648
24

Travel and accommodation

-
1,871
-
-
-
1,871
30

Subscriptions and licenses

-
805
-
-
-
805
1,427

Youth Retreat

-
1,142
-
-
-
1,142
2,600

Football costs

-
-
2,741
-
-
2,741
2,822

Youth Zone costs

-
-
-
2,543
-
2,543
4,315

Sign post project (rent and other costs)

-
-
-
-
16,863
16,863
8,084

Seminars and books

3,216
-
-
-
-
3,216
1,481

Insurance

-
3,499
-
-
-
3,499
3,302
Advertising
-
495
-
-
-
495
131
3,216
116,438
2,741
2,543
16,863
141,801
146,124
Share of support costs (see note 6)
1,063
20,472
1,064
1,816
1,064
25,479
24,940
Share of governance costs (see note 6)
239
3,828
240
240
240
4,787
4,754
4,518
140,738
4,045
4,599
18,167
172,067
175,818
Analysis by fund
Unrestricted funds
4,518
-
-
-
-
4,518
2,753
Restricted funds
-
140,738
4,045
4,599
18,167
167,549
173,065
4,518
140,738
4,045
4,599
18,167
172,067
175,818
COMMUNITY HEART (LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
5
Charitable activities (Continued)
- 12 -
For the year ended 31 May 2024

General

Edmonton Eagles

Running with the Vision

Youth Zone

Signpost Project

Total
2024
£
£
£
£
£
£
Staff costs
-
90,548
-
-
-
90,548

Boxing equipment, events and other costs

-
31,360
-
-
-
31,360

Small items of equipment and sundries

-
24
-
-
-
24

Travel and accommodation

-
30
-
-
-
30

Subscriptions and licenses

-
1,427
-
-
-
1,427

Youth Retreat

-
2,600
-
-
-
2,600

Football costs

-
-
2,822
-
-
2,822

Youth Zone costs

-
-
-
4,315
-
4,315

Sign post project (rent and other costs)

-
-
-
-
8,084
8,084

Seminars and books

1,481
-
-
-
-
1,481

Insurance

-
3,302
-
-
-
3,302
Advertising
-
131
-
-
-
131
1,481
129,422
2,822
4,315
8,084
146,124
Share of support costs (see note 6)
1,034
19,906
1,034
1,932
1,034
24,940
Share of governance costs (see note 6)
238
3,802
238
238
238
4,754
2,753
153,130
4,094
6,485
9,356
175,818
Analysis by fund
Unrestricted funds
2,753
-
-
-
-
2,753
Restricted funds
-
153,130
4,094
6,485
9,356
173,065
2,753
153,130
4,094
6,485
9,356
175,818
COMMUNITY HEART (LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 13 -
6
Support costs allocated to activities
Unrestricted Funds
Total
2025
2024
£
£
Depreciation
4,215
4,265
Rent and services
2,500
2,500
Gas and electricity
9,816
8,551
Insurance
1,740
1,968
Telephone, fax and website
3,594
3,112
Printing, postage and stationery
275
88
Repairs, maintenance and small equipment
30
1,587
Software costs
144
144
Professional fees
1,289
439
Sundries
1,876
2,286
Governance
4,787
4,754
30,266
29,694
2025
2024
Governance costs comprise:
£
£
Independent examination fees
600
600
Accountancy costs
3,178
3,144
Payroll fees
720
720
Bank charges
289
290
4,787
4,754
7
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
600
600
Depreciation of owned property, plant and equipment
4,215
4,265
8
Trustees

Dr C Evangelou (a trustee) received a gross salary of £41,656 (2024: £4 8,184) in accordance with the memorandum and articles of association.

P Efstathiou (a trustee) received a gross salary of £9,992 (2024: £9,99 2) in accordance with the memorandum and articles of association.

None of the other Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

COMMUNITY HEART (LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 14 -
9
Employees
Number of employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Charitable activities
4
4
Employment costs
2025
2024
£
£
Salaries
78,273
85,270
Social security costs
1,822
2,775
Other pension costs
1,044
2,503
81,139
90,548
There were no employees whose annual remuneration was £60,000 or more.
10
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

11
Property, plant and equipment
Fixtures and equipment
£
Cost
At 1 June 2024
64,412
Additions
4,057
At 31 May 2025
68,469
Depreciation and impairment
At 1 June 2024
51,615
Depreciation charged in the year
4,215
At 31 May 2025
55,830
Carrying amount
At 31 May 2025
12,639
At 31 May 2024
12,797
COMMUNITY HEART (LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 15 -
12
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Other receivables
171
-
13
Current liabilities
2025
2024
£
£
Other taxation and social security
2,027
1,982
Accruals and deferred income
1,800
1,800
3,827
3,782
14
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
1,044
2,503

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

15
Restricted funds

The restricted funds of the charity compri se the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be use d.

At 1 June 2024
Incoming resources
Resources expended
Transfers
At 31 May 2025
£
£
£
£
£
Edmonton Eagles
-
106,348
(140,738)
34,390
-
Running with the Vision
171
3,274
(4,045)
600
-
Youth Zone
4,446
17,347
(4,599)
-
17,194
Signpost Project
15,882
20,527
(18,167)
-
18,242
20,499
147,496
(167,549)
34,990
35,436
COMMUNITY HEART (LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
15
Restricted funds (Continued)
- 16 -
Previous year:
At 1 June 2023
Incoming resources
Resources expended
Transfers
At 31 May 2024
£
£
£
£
£
Edmonton Eagles
4,242
139,357
(153,130)
9,531
-
Running with the Vision
2,755
1,510
(4,094)
-
171
Youth Zone
6,970
3,961
(6,485)
-
4,446
Signpost Project
6,338
18,900
(9,356)
-
15,882
20,305
163,728
(173,065)
9,531
20,499

Notes

The deficit on the Edmonton Eagles fund was corrected by a transfer from the unrestricted fund in the year.

Funds

Edmonton Eagles

This deals with the boxing activities of the charity which includes restricted grants and fees and gifts towards the work of the boxing club.

Running with the Vision

This deals with the football activities of the charity.

Youth Zone

This deals with the other youth activities of the charity.

Signpost Project

This deals with the provision of free meals and other support by the charity.

16
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 June 2024
Incoming resources
Resources expended
Transfers
At 31 May 2025
£
£
£
£
£
General funds
82,003
13,976
(4,518)
(34,990)
56,471
Previous year:
At 1 June 2023
Incoming resources
Resources expended
Transfers
At 31 May 2024
£
£
£
£
£
General funds
75,216
19,071
(2,753)
(9,531)
82,003
COMMUNITY HEART (LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 17 -
17
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 31 May 2025:
Property, plant and equipment
-
12,639
12,639
Current assets/(liabilities)
56,471
22,797
79,268
56,471
35,436
91,907
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 May 2024:
Property, plant and equipment
-
12,797
12,797
Current assets/(liabilities)
82,003
7,702
89,705
82,003
20,499
102,502
18
Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
2,500
2,500

There is a lease dated 1 9 September 2008 for the rental of a Boxing Club and Community Room at a rental of £2,500 per annum payable to the London Borough of Enfield. This was renewed for 10 years from July 2022.

19
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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