LINCOLNSHIRE EMPLOYMENT ACCOMMODATION PROJECT LIMITED

Registered charity 1046933 · accounts filings on the Charity Commission register · also known as L E A P, LEAP LTD

The Charity provides housing and support services to promote social inclusion to vulnerable young people

Causes: Education/training · Disability · The Prevention Or Relief Of Poverty · Accommodation/housing · Environment/conservation/heritage · Economic/community Development/employment · website · Get email alerts

Latest income
£1.5m
Latest spending
£1.2m
Registered
1995
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £2,565,769, which is below the stated policy target of 50% of current year operational expenditure. The charity reported a net surplus of £286,447 for the year, with total income of £1,458,120 against charitable expenditure of £1,171,673.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£70k)
“In the band £60,001 - £70,000 1” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Largest income source: Charitable activities (84% of income)
“Income from charitable activities - Housing Support 1,220,041” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £2.6m; policy: 50% of the current year's operational expenditure)
“The aim is to build this account up to the 50% over the next two to three years.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: LEAP engaged LAGAT Ltd, a company directed by former trustee Hannah Spencer, for training services.
“Hannah Spencer (resigned on 04/09/2024), trustee for LEAP, is a director of LAGAT Ltd. During the year LEAP engaged LAGAT Ltd for training for a total cost of £75 (2024: £75). This transaction was conducted on an arms length basis.” — page 41
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Streets Audit LLP. Discloses 5 of 6 completeness components.

Property (HM Land Registry)

18 registered titles in England and Wales held by the charity’s company or corporate body (18 freehold); recorded price paid £853k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.5m
Total spending
£1.2m
Reserves (reported)
£2.6m
Employees
22

Reported reserves equal ~26.3 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (84% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Lincolnshire

Income and spending

Financial year endIncomeSpending
31/03/2025£1.5m£1.2m
31/03/2024£1.2m£1.1m
31/03/2023£1.2m£1.1m
31/03/2022£940k£851k
31/03/2021£1.7m£1.0m

Common questions

Is LINCOLNSHIRE EMPLOYMENT ACCOMMODATION PROJECT LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £2,565,769, which is below the stated policy target of 50% of current year operational expenditure. The charity reported a net surplus of £286,447 for the year, with total income of £1,458,120 against charitable expenditure of £1,171,673. Its FY2025 accounts were audited by Streets Audit LLP.

What does the highest-paid employee of LINCOLNSHIRE EMPLOYMENT ACCOMMODATION PROJECT LIMITED earn?

Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band.

Who funds LINCOLNSHIRE EMPLOYMENT ACCOMMODATION PROJECT LIMITED?

Funders whose own accounts filings name LINCOLNSHIRE EMPLOYMENT ACCOMMODATION PROJECT LIMITED as a grant recipient include CHARITY OF SIR RICHARD WHITTINGTON.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
CHARITY OF SIR RICHARD WHITTINGTONFY2024£28kChurch & Communities Programme
CHARITY OF SIR RICHARD WHITTINGTONFY2025£25kChurch & Communities Programme
CHARITY OF SIR RICHARD WHITTINGTONFY2022£25kChurch & Communities Programme

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund30/01/2026£20kLouth housing and support services
The Mercers' Company22/01/2025£80kGrant to LEAP Ltd
The Mercers' Company26/01/2022£79kGrant to LEAP Ltd
The National Lottery Community Fund13/04/2011£194kFirst LEAP

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with LINCOLNSHIRE COMMUNITY FOUNDATION CIO.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
LINCOLNSHIRE EMPLOYMENT ACCOMMODATION PROJECT LIMITED£1.5m£60,001 - £70,000—below—no doubt
LINCOLNSHIRE COMMUNITY FOUNDATION CIO FY2025£5.6m——above—no doubt
PETRUS COMMUNITY FY2025£2.7m—0above—no doubt
RUTLAND HOUSE COMMUNITY TRUST LIMITED FY2025£1.5m—0unclear—no doubt
CAMBRIDGE PRINGLE GROUP FY2025£822kUnder £60,0000within—no doubt
PEMBROKESHIRE LOCAL ACTION NETWORK FOR ENTERPRISE AND DEVELOPMENT LIMITED FY2025£536k£60,001 - £70,0001above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.