UK Libertarian Party’s 2011 Accounts

I have received a PDF copy of LPUK’s 2011 accounts from a former member*, and can provide an updated calculation of the LPUK’s bank balance. Assuming they are authentic the balance as at 31st Dec 2011 should have been £4307.32. I would encourage anyone with an acknowledged membership* of that party to request sight of the three relevant bank and paypal statements to confirm the total of their balances match £4307.32.

The statements acknowledge the receipt of a loan, presumably the loan from Nic Coome which he mentioned at the meeting last October. This loan from Nic was apparently given to keep the party solvent, but the accounts do not include any explaination as to why the loan of £414 was required when the cash position at the end of the period was ten times that figure.

I maintain my position that accounts filed do not accurately reflect the parties real transactions, and strongly suggest members and donors demand a detailed explaination. Ideally that explaination should be made public in order to clear the air and make LPUK an organisation that people can be comfortable dealing with. The launch of the Independent Libertarian Network this week is welcome, but there is a role for a tightly co-ordinated team taking part in elections and if LPUK is not it, then it should leave the field.

My last update on this topic, covered the basic maths involved in calculating the bank balance figure based on the published data.

I was not able to verify the accounts I received on the EC website, which said they have not been filed yet.

An excerpt showing the 2011 income net of expenses (centre left), and part of the leaders’ signatures which were redacted at source.

* I’m uncertain, but anyone who was a member in April 2011 might still be a member to this day, or were at least until March 2012, but the current leadership deny this is the case and life is too short to argue.

Simon Gibbs

Simon is a London based IT contractor and the proprietor of Libertarian Home. Working with logic and cause-and-effect each day he was naturally attracted to nerdy libertarianism and later to the benevolent logic of Objectivism. Find him on Google+ 

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  2 comments for “UK Libertarian Party’s 2011 Accounts

  1. Tim Carpenter
    Jul 16, 2012 at 12:53 pm

    The term “He doth protesteth too much” springs to mind.

    • Jul 17, 2012 at 9:51 am

      In the preamble? Not worth spending time on.

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