THE IFA/IPA GROUP BENEVOLENT FUND
We provide financial assistance and grants to eligible members and former members of the IFA and IPA communities, as well as their dependants, who are experiencing financial hardship. We also support the advancement of accounting education through bursaries and grants to eligible students in financial need. We operate in the UK, Australia, and internationally.
Objects
THE OBJECTS OF THE CHARITY ARE, FOR THE PUBLIC BENEFIT: - (1) THE PREVENTION OR RELIEF OF POVERTY OF ANY BENEFICIARY (AS DEFINED BELOW); AND(2) THE ADVANCEMENT OF EDUCATION OF IFA STUDENTS AND IPA STUDENTS, IN THE SUBJECT OF ACCOUNTANCY (AND IN PARTICULAR THOSE STUDYING OR SEEKING TO STUDY IN THE PROFESSIONAL QUALIFICATIONS OF THE IFA AND IPA)THE OBJECTS WILL BE ACHIEVED IN PARTICULAR, BUT NOT EXCLUSIVELY, BY THE PROVISION OF GRANTS, SCHOLARSHIPS AND BURSARIES.(3) A BENEFICIARY IS ANY:- (I) IFA NON-VOTING MEMBER OR PAST MEMBER OF THE IFA;(II) IPA MEMBER; OR(III) NON-VOTING STUDENTS OF THE IFA OR IPA(IV) THE DEPENDENTS OF ANY OF THE PERSONS DESCRIBED IN 3(I) AND 3(II) AND 3(III) ABOVE. THE IFA REFERS TO THE INSTITUTE OF FINANCIAL ACCOUNTANTS, AN INTERNATIONAL RECOGNISED PROFESSIONAL ACCOUNTANCY MEMBERSHIP BODY IN THE UNITED KINGDOM. THE IPA REFERS TO THE INSTITUTE OF PUBLIC ACCOUNTANTS A PROFESSIONAL ACCOUNTANTS MEMBERSHIP BODY IN AUSTRALIA, BOTH OF THESE ENTITIES ARE FULL MEMBERS OF THE INTERNATIONAL FEDERATION OF ACCOUNTANTS, THE GLOBAL ACCOUNTING REGULATOR. THE CHARITY IS COMPLETELY INDEPENDENT OF THESE ACCOUNTING BODIES.
Financial health, per its FY2025 accounts
The accounts state that the charity holds £376,633 in total funds, with £15,555 in unrestricted reserves. The trustees report that the charity is funded by member donations and has incurred running costs of £21,656 against incoming resources of £49,821. The independent examiner confirmed that no matters came to their attention requiring further understanding of the accounts.
What the accounts disclose
“Unrestricted Fund: After initial set-up costs, the charity will aim to spend no more that 75% of donated funds in grants and admin costs to build a buffer for future years and build some reserves.” — page 6
Policies the charity declares
- 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
- Risk management
- Safeguarding vulnerable beneficiaries
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Register events
- Received assets from another charity (09/12/2024)
Trustees
- Anjana Hirani
- Bill McGregor
- Chantel van den Heever
- Kevin David Smith
- Lloyd William Driscoll
- Nola Kathleen Luyten
- Patricia Akweley Akudjedu
- Tony Rabah
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £50k | £22k |
| 31/03/2024 | £372k | £24k |
Common questions
Is THE IFA/IPA GROUP BENEVOLENT FUND financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds £376,633 in total funds, with £15,555 in unrestricted reserves. The trustees report that the charity is funded by member donations and has incurred running costs of £21,656 against incoming resources of £49,821. The independent examiner confirmed that no matters came to their attention requiring further understanding of the accounts. Its FY2025 accounts were independently examined.