LEGACY CHURCH WALSALL
A REGISTERED CHARITY NUMBER .
1052776
ADDRESS:
Corporation Street.
Walsall,
West Midlands,
WSI 3QR.
INDEX TO ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2020
Page
Descriptio
Independent Examinevs Report
Balance Sheet
Statcmcnt of Financial Activities
Notes to thc Accounts
5t0 9

Ih"DEPEIYDENT EXAINflNER'S RFPORT TOTHE TRUSTEESOF
LLC.AC.Tr C.IILIRCII II'ALSALL
A registered charl￿. num￿r..
1052776
FOR THE I'EAR EYDED 31ST DECEMBER 2020
The report r¢lates to fJn8ncia] St￿eT￿ents set out from page 2 10 9.
Respective rts]bothsibilitie5 of trusttts examiner
The trustees are Tes7)on5ible for the prepardiion of tht accounts. The charitt%R5 tfusrees consider
rh21 an audii is noi required for this )'ear under section 144 of the Charities Aa 2011 (the Charities Act )
alld that an independeni examirtOtiOn 15 nccdcd.
It is mi responsibility. to-
EAamine the under section 145 of the Charitics Act
- To follow the procedures laid dom'n in the genera] Diretlions given b). the ch￿ri￿, Commission
(under seaion 14515llb)of the Chariiies A¢L and
- To stait %vhether parti¢ular [nalte￿ hai'e come to mi. attention.
Basi5 of independent examiner's report
M!. examinatjon ￿"aS carried out in accord3n¢¢ wilh the General Dircaions ￿￿en b!, the Charit).
Lommissiontrs. An Lxatnination includes a rekieH' ofihe ac£ouniine records kept bi. the charity
and L compari50n of the account5 pr￿ettted w'ith those records. Ii ￿s0 in¢lud¢5 wnsiderdtion of
an>. unusual ilcrns or disclosure5 in the accoun￿ and SCL*ing oiplanations from j'ou as irustees
onc¢mtng anv such mallers. The Pm¥cdurts knndertak.en do ttot provide all ihe ¢i'id¢nce ih21 M'ould
be required in an audi¢ and consequenilv no opiniort is gilen as TO ivhether ihe accounts present
a'lrue and fairf view and the rep)rt is limited to those tnatters sei out in the St￿ement below.
Indtpend¢D¢ ¢l#rniDtr'$ stattmtnt
In connection ￿'Ith examination, no matter has comt LO mi. atlcntion to indirne thaL
111 Accounts have noi been kept in accordanct w.ith settion 386 ofthe Companies Act 2006.
121 The accounts do noi accord ￿'Ith such rccoTds.
131 WthtTt accounts art prcpared on an accrua15 basi& Ii'hether the!. fail to complN ￿'1th releTrtrant
a¢cuunling requiretnents under 5eaion 396 of th¢ CotnpaTries Aa ?(M)6.or arc not consijent with
th¢ C-harities SORP IFRS 1021
141 An), maiter i¥hich the examiner bdiel'es should be drdwn LO th¢ al￿110￿ of the reader io gain
a proper understandino of ihe accounts.
SusaD Le￿15 TrCCA
6 Park Road
New'bridg¢
Newport. NPI 14RF
Dal¢- 12th October 2021
Page I

LF.GACY CHURCH WALSALI.
BALANCE SHF.ET AS AT
31ST DECEMBER 2020
Notes Unrestricted Restricted
Fttnds
Funds
2020
Tolal
Funds
2020
Total
Funds
2019
2020
FIXED ASSETS
101,218
101,218
102,455
101.218
101,218
102,455
CURREN'T ASSETS
Prepayments
Cash at Bank
Cash in Hand
57.544
124
6,827
64,371
124
49,827
2,576
57.668
6,827
64,495
52,403
CURRENT LIABILITIES - Amounts
falling due within one year
12
1,140
1,140
1.140
1.140
i6.528
1.140
63,3)5
1,140
51,263
NET CURRENT ASSETSILIABILITIES
6.827
TOTAL ASSETS LESS CURRENT
LIABILITIES
157,746
6.827
164,573
153,718
LONG TERM LIABILITIES
Arnounts falling due afi¢r more
than one year
NET ASSETS
£157.746
£6.827
£164,57J
£153.718
FUNDS
Accumulated Fund
Designated Fund
Other Funds
157.746
157,746
143,178
6,827
6.827
10.540
TOTAL FUNDS
£li7.746
£6.827
£164.57J
£li3,718
Approved by the Board of Trustees on Idaie) 4- | . ( Li
and signed on its behalf by :_
Chainnan(l )
Trustee {2)_
Page 2

LEGACY CHURCH WALSALL
STATEMENT OF FIIYANCIAL ACTIVITIES
FOR THE YEAR ENDED
31ST DECEMBER 2020
Notes Unrestricted Restricted
Funds
Funds
2020
2020
Total
Funds
2020
Total
Funds
2019
Incoming Resources
Income Gcncral
Jnv¢stment Income
Other Incorne
77,070
77,070
30
82,947
45
Total Incoming Resources
77.100
77,100
82.992
Costs of Generating Funds
Operating Costs
Resources Expended
Direel Charitable Expetxditure
Ministry
Fellowship
Gifts
Property
37.810
217
i.274
9.4)3
37.810
289
5,274
9.453
52,825
40,735
4,395
5,905
23.935
74,970
72
io
72
Management And Administration
Administration
6,li8
6,138
2,967
6.138
6,138
2,967
Other Expenditure
Other
Resources Expended
58.891
72
58.963
76.541
Net incoming resource5 before transfer5
Trnnsfers util￿sed1Re7eaSed
18,209
-3,641
-72
-3.641
18,137
-7.282
5,055
Net Movement in Funds for year
Fund Balances brought forW￿d
14.568
14J.178
10,855
153.718
5.055
148.663
10.540
Fund Balances carried fonvard
£li7,746
£6,827
£164,573
£153,718
Page 3

Lf.CJACY CFtURCH WAI.SALL
NOTTr.S TO THF. ACCOUNTS
FOR THE YF.AR EhTDF.D
31 ST DECEMBER 2020
ACCOUNTING POLICIES
The folloivino accounting policies havc b¢¢n used consistently in dealing with items which are
considered material in relation to the financial stalements.
Accountin
Convention
The financial statements have b¢¢n prcpaied under the historical cost convention other than
certain freehold property which is included at valuation. In preparing the financia] slatements the
charity follows besi practice as laid dowTJ in the Statement of Rccommcnded Practice Accounting
and R¢FKTrrting bv Charities (revised 2005) and ihe Chariiies Act 199).
Incomin
Resources
Voluntary income is received by waj of donations and gifts and is included in incoming resources
when these are receivable.
Interest receivable is included when it is receiiicd.
Resources Ex
ended
Resources eipended are included in the Statement of Financial Activities on an aCcn￿S
basis, inclusive of any Value Added which cannot be recovered.
reciation
Freehold Land and Buildin
Deprcciation is onlv proi'ided on freehold land and buildings ￿here the Trustees eonsider that the
remaining useful life is less than 50 Jears. The rate of d¢prcciation is 20/0 on a straight line basi5.
ui
ment Furniture. fixtures and fitlin
s and Motor Vehicles
D¢preciation has been charged at 200/0 per annun] on a straight line basis.
Taxalion
As a registered charit), the Church benefits from rates relief and is generally exempt from Jncome
Tax and Capital Gains Tax bui not from Value Added Tax. Irrecoverable Value Added Tax is
inclllded in the cost of those items to w,hich li relai¢s.
Income lax recovered on deeds of covenants and Gift Aid donations are credited to the
general unrestricted fimds.
Fund Accountin
l. Unreslrictcd funds comprise those funds which the Trustees are free lo use in accordance
with ihc charitable objects.
2. D¢signatcd funds are unrestricted fimds eannarked by the trustees for particular purposes.
3. R¢slri¢t¢d funds are funds which have been given for particular purposes. The restrictlon being
placed by the donor.
Page 4

LEGACY CHURCH WALSALL
NOTE I . TANGIBLE FIXED ASSETS AS AT
31ST DECEMBER 2020
DF.PRF.CIATION METHOD- 'STRAIGHT LINE,.
DEPRLCIATION ANNUAL RATES:_
2/0
20/0
20/0
200/0
20%
MOTOR
H.4rtF.I,S
IYSTRIIT
OTrFIC'E
BI'ILDING
Firri%i GS
AIIDIO
I'IPhlN
'EHIC'LES
TOTAL
COST
Opening balance
Disposals
Additions
152,852
14.998
6.798
1,737
1,445
177,830
CLOSING BALANCE
152.852
14,998
6.798
1,737
1.445
177,830
DEPRECIATION
Opening balance
Disposals
Charge for year
51,968
13.053
7.172
,737
1,445
75,375
1.237
1,237
CI.OSING BAI.ANCE
51,968
14,290
7,172
1,737
1.445
76,612
NET BOOK VALUE
At beginning of year
£100.884
£1.945
-£374
£0
£0
£102,455
At end of year
£100.884
£708
£0
£0
£101,218

LEGACY CHURCH WALSALL
NOTE 3 CAPITAL FUYDS
OPENING
BALANCE
INFLOW
OUTPLOW
CLOSING
BAI.ANCE
Restricted
Restricted Funds
Transfer To Accumulated
10,540
72
3,641
3,713
10,468
-3,641
6,827
10,540
Designated
Unrestricted
Accumulated Fund
Trdnsfer From Restricted
143.178
77.100
58.891
3,641
62,532
161,387
-3.641
157.746
143,178
77,100
TOTAL
£153,718
£77,100
£66,24)
£164,573
'OTE 4 IN'COME GENL EIL4L
Unrestricted
Restricted
TOTAI.
2020
TOTAI.
2019
2020
2020
Offerings, Collections. Donations
Covenants / Gift Aid
Gifts
Missionary
Room hire
Building Fund
4,361
49,198
4,361
49,198
8.372
57,529
504
504
1,060
95
11,244
Tax Refunds
Response Funding
Other Income
Childrens Camp
Tuckshop
Soul R
Pathfinders
10.911
10.000
2.096
10.911
i 0.000
2.096
140
274
£82,948
TOT AL
£77,070
£0
£77,070
Page 6

LEGACY CHURCH WALSALL
NOTE 5 INVESTMF.NT INCOME
Investment income was derived from surplus funds king placed on short tenn deposit
with the bank.
NOTE 6 OTHF.R INCOME
NOTE 7 EXPENDITURE MINISTRY
[Tnrtstr*ied
Restricted
TOTAL
2020
TOTAL
2019
2020
2020
Preaching and Teaching
Visiting ministry,
Teaching Resources
Ministry Resources
Magazines
Outreach
Other
TOTAL
35.281
775
35,281
775
32,364
600
2.179
5,237
43
313
1.753
£0
£37.810
£40,736
NOTE 8 EXPENDITURE FELLOWSHIP
[TDresrri¢red
Restricted
TOI'AL
2020
TOTAL
2019
2020
2020
Transport
Catering
Functions
Flowrs/Chocs
Activities
Dr¢am¢rs
Soul R
Go Kidz Go
Pathfinders
Other
Dcprecialion
1,217
217
217
70
1,670
,200
72
72
239
TOTAL
£217
£72
£289
£4.396
Page 7

LEGACY CHURCH WALSALL
NOTE 9 EXPENDITURE GiFrs
Ilnre5tricted
Restricted
TOTAL
2020
TOTAL
2019
2020
2020
Overseas
UK.Missions
Needy
AOG Cont
Church Personnel
TOTAL
.636
600
1,636
600
200
527
325
2.713
£5.274
325
2.713
£5,274
3,269
1,910
£5,906
£0
NOTE 10 EXPEI%DITURE PROPERTY
I"ttrestri¢ted
Restricted
TOTAL
2020
TOTAL
2019
2020
2020
Repairs
Cleaning
Electricity
Gas
Ins./Water
Sky
1,888
828
939
2,073
1,978
510
,237
£9,453
1.888
828
939
2,073
1,978
510
1,237
£9,453
13,857
1,167
2,194
1,403
331
1.237
£23,935
Depreciation
TOTAL
£0
NOTE I I EXPENDITURE ADMINISTRATION
l-nre5trirted
Restricted
TOTAL
2020
TOTAL
2019
2020
2020
Postagelstat
Website/lnternet
sub￿Lleenccs
CCPAS
Prof.Fees
I,egal Fees
TOTAL
614
257
889
177
.200
3,000
614
257
889
177
1,200
3.000
£6,138
483
328
955
145
1,056
£0
£2,967
Page 8

LEGACY CHURCH WALSALL
NOTE 12
I'llrcstricted
R&stricted
TOTAL
2020
TOTAL
2019
2020
2020
Accruals
PA YE Liability
Loan
TOTAL
600
540
600
540
600
540
£1,140
£0
£1,140
£1.140
NOTE 13 TRUSTEES REMUNE114TION AND OUT OF POCKET EXPENSES
2020
2019
Trustees Remunerdtion
Trustees mentoring and pasioral work.
27,861
Trustees Out of Pocket Expenses
Trustees Iravel and mectino attendance.
2,510
2,113
Page 9