Financial advice trade body Libertatem made a profit of £264 in its first 18 months.
The trade body was set up by Garry Heath in 2015 in a bid to provide greater representation to financial advisers.
The Buckinghamshire-based trade body has been collecting a fighting fund, which according to its accounts is now £68,400 in size.
Libertatem has also received £10,000 in donations and received an unspecified refund of £369.
The trade body’s costs amounted to £78,566, of which the greatest single expense was £38,500 on consultancy.
It also paid £8,800 in rent and £7,900 in travel expenses.
According to Libertatem’s balance sheet, it has £14,800 in outstanding fees and £527 in the bank.
The trade body's accounts list Mr Heath and Steven Farrall as directors.
damian.fantato@ft.com
