LONDON ACCOUNTANCY PRACTICE
The objects for which the company is established are: To provide training, advice and practical assistance to voluntary and community organisations and their beneficiaries on the correct and appropriate management of their finances.
Objects
(3) THE AREA OF BENEFIT OF THE ASSOCIATION IS GREATER LONDON , AND IN PARTICULAR THE LONDON BOROUGHS OF SOUTHWARK, LEWISHAM AND LAMBETH.(4) THE OBJECT FOR WHICH THE ASSOCIATION IS ESTABLISHED IS TO PROMOTE THE EFFICIENCY AND EFFECTIVENESS OF CHARITIES BY THE PROVISION OF A COMPREHENSIVE FINANCIAL ADVISORY SERVICE AND THE TRAINING OF THEIR EMPLOYEES IN RELEVANT FINANCE SKILLS BY (WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING):(4.1) HELPING INDIVIDUAL ORGANISATIONS (WHETHER INCORPORATED OR UNINCORPORATED) THAT FOR WHATEVER REASON HAVE SOME FORM OF FINANCIAL DIFFICULTY OR CRISIS;(4.2) ADVISING AND HELPING SUCH INDIVIDUAL ORGANISATIONS TO SET UP APPROPRIATE BOOKS OF ACCOUNT AND KEEP THEM UP TO DATE;(4.3) PROMOTING METHODS OF BOOK-KEEPING;(4.4) ADVISING ON INFORMATION FLOWS BETWEEN THE RELEVANT MEMBERS AND MANAGEMENT COMMITTEE OF THE INDIVIDUAL ORGANISATION AND GIVING ADVICE ON STRUCTURES TO ENSURE ACCOUNTABILITY;(4.5) GIVING ADVICE ON BUDGETS, FUNDING, LOCAL AUTHORITY, CENTRAL GOVERNMENT AND OTHER GRANTS, SALARIES AND NATIONAL INSURANCE, LOCAL GOVERNMENT PAY SCALES AND CASH FLOWS;(4.6) ENABLING INDIVIDUAL ORGANISATIONS TO HAVE A CLEARER UNDERSTANDING OF LOCAL AUTHORITY FINANCE IN SO FAR AS THIS AFFECTS THE ORGANISATIONS' DECISION-MAKING;(4.7) UNDERTAKING INDEPENDENT EXAMINATION AND AUDIT WORK;(4.8) WHERE APPROPRIATE PROVIDING TRAINING AND SERVICES TO ACHIEVE THE ABOVE;(4.9) ANY OTHER ACTIVITY WHICH THE TRUSTEES MAY FROM TIME TO TIME DECIDE IN FURTHERANCE OF THE OBJECT SET OUT ABOVE.
Financial health, per its FY2025 accounts
The accounts state that the charity has unrestricted reserves of £31,925, which exceeds its stated policy target of £54,494 is incorrect; the text states the target is £54,494 but the balance sheet shows Unrestricted Funds of £31,925 and Designated Funds of £25,000, totaling £56,925 in net assets. The trustees report that they have set a target of £54,494 to meet obligations for 9 months, and the independent examiner confirmed no matters came to attention requiring further disclosure.
What the accounts disclose
“The trustees have reviewed its free reserves policy and have turned its entire unrestricted fund into an emergency reserve, and have set a target of £54,494.00 this year to enable LAP to meet its obligations for a period of 9 months in the event of a shortfall in income or sudden upturn in expenditure.” — page 7
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- ABRAHAM TECLE
- ALFRED SYL-TURAY
- Dr BAMIDELE HENRY AKINYELE
- HELENA KOWALSKA
- WILLIAM ANANG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £74k | £73k |
| 31/03/2024 | £76k | £73k |
| 31/03/2023 | £63k | £67k |
| 31/03/2022 | £58k | £65k |
| 31/03/2021 | £69k | £63k |
Common questions
Is LONDON ACCOUNTANCY PRACTICE financially healthy?
Per its FY2025 accounts: The accounts state that the charity has unrestricted reserves of £31,925, which exceeds its stated policy target of £54,494 is incorrect; the text states the target is £54,494 but the balance sheet shows Unrestricted Funds of £31,925 and Designated Funds of £25,000, totaling £56,925 in net assets. The trustees report that they have set a target of £54,494 to meet obligations for 9 months, and the independent examiner confirmed no matters came to attention requiring further disclosure. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| City Bridge Foundation | 15/05/2014 | £101k | Grant to London Accountancy Practice |