Larking Gowen & The Leila Sailing Trust

Chartered accountants Larking Gowen helped The Leila Sailing Trust with financial management systems to meet the requirements of a Lottery grant.

The company

Larking Gowen is a regional firm of Chartered Accountants with offices in Ipswich, Colchester and Norfolk. Their Not for Profit team is pleased to support charities via Prohelp, and their relevant specialised services include:

  • charity registration and incorporation,

  • business planning,

  • grant claim assurance,

  • advice on trading in a charity,

  • advice on gift aid, taxation and VAT,

  • due diligence

  • corporate finance.

The project

Following a successful application to The Big Lottery Fund, The Leila Sailing Trust needed help to set up an efficient financial management and book-keeping system to ensure that the Big Lottery Fund’s requirements were met.

Larking Gowen were approached by ProHelp Suffolk to assist Leila Sailing Trust.  Sandie Judd was keen to assist, being a keen sailor herself.

Sandie met with one of the trustees and the skipper of Leila and they spent a morning talking over the Trust’s organisation, internal controls, book keeping and budgeting systems as well as the requirements of the Big Lottery Fund. 

The assignment presented an unusual challenge. Whereas most of Larking Gowen’s charity clients can take a land-based office for granted,  the Leila Sailing Trust needs a system that works when the boat is at sea for days and weeks without the normal luxuries of a computer and internet connection. Larking Gowen had to create a system that meets the requirements for accounting, but at the same time works around an active boat in the middle of the sea.