LONDON ACCOUNTANCY PRACTICE

Registered charity 1114755 · accounts filings on the Charity Commission register · also known as LOCAL ACCOUNTANCY PROJECT

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.

Area of benefit: GREATER LONDON, AND IN PARTICULAR THE LONDON BOROUGHS OF SOUTHWARK, LEWISHAM AND LAMBETH.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Economic/community Development/employment · website · Get email alerts

Latest income
£74k
Latest spending
£73k
Registered
2006
Accounts read
FY2025

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.

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

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (held: £32k)
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

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

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
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

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

FunderDateAmountPurpose
City Bridge Foundation15/05/2014£101kGrant to London Accountancy Practice