Legal Services Agency
Latest income
£1.3m
Latest spending
£1.4m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net deficit of £85,748 for the year ended 31 March 2025, driven by rising operational costs and reduced core grant funding. Per the trustees' report, unrestricted reserves stood at £504,148, which is above the stated policy target of three months' running costs, yet the auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern due to unmaterialised budgeted income. The charity remains solvent with sufficient assets to meet liabilities, but faces ongoing financial pressures from static grant funding and inflation.
What the accounts disclose
Highest-paid employee band: £70,000 - £79,999
“The number of employees whose emoluments exceeded £60,000 were: £70,000 - £79,999” — page 51
Per FY2025 accounts as filed with OSCR.
Going concern: material uncertainty disclosed
“We draw your attention to note 1 (a) in the financial statements, accounting policy in relation to going concern which indicated that the charity’s budgeted income has not materialised as forecasted and costs have increased. These events and conditions indicate that there is a material uncertainty that may cast significant doubt over the charity’s ability to continue as a going concern.” — page 39
Per FY2025 accounts as filed with OSCR.