LEGACY CHURCH WALSALL
A REGISTERED CHARITY NUMBER .
1052776
ADDRF.SS .
Corporation Streei,
Walsall.
West Midlands.
WSI 3QR.
INDEX TO ACCOUNTS
FOR THE YEAR ENDED 31.ST DECEMBER 2022
Page
Deseription
Independent Examinerfs Report
Balance Sheet
Statement of Financial Activities
Notes 10 the Accounts
510 9

INDEPENDENT EXAMINER'S REPORT TO THF. TRUSTEES OF
LEGACY CHURCH WALSALL
A regisiered charity number .
1052776
FOR THE YEAR ENDED 31ST DECEMBER 2022
The report relates lo financial statements sei oui from page 2 to 9.
Respective respomsibilitie5 of tru$te¢s and examiner
The trustees are r¢sponsible for the preparation of the ac¢ounts. The charilty's tru5tecs consider
that an audit is not required for this year under sfftion 144 of the Charilics Act 2011 (the Charities Act )
and that an independent examination is needed.
It is m), responsEbiliry to=
Examine the accounis under section 145 of rhe Charities Act
To follow the procedures laid down in the general Directions given bv the Chairtty Commission
(under section 14515)(b)of the Charities Act, and
10 State whether partieul2r matt¢rs have come to my attention.
Basis of independent examinerfs report
My examination wag carried out in accordance with the General Directions given by ihe Charity
Commissioners. An examination includes a review of the a¢￿u￿ting records kept bv thc charity
and a comparison of the accounts presented with those rec4)rds. It a150 includes consideration or
any unusual items or disclosures in the accounts. and seeking explanaiions from you as truslees
concerning any such matters. The procedure5 undertaken do not provide all the evidence ihai would
be required in an audit. and consequently no opinion is ¥J ji'tn as io whether the accounts present
a'truc and fail view and the report is limited to those matteTS ser out in the statement below.
IndependeTht examiner's st4tement
In connection with my examinalion, no matter has come to my ￿tentIOn to indicate that..
{ l) Accounts have not been kept in accordance with section 386 of the Companies Act 2006.
{21 The accollnts do not accord wilh such records.
(3) Where accounis are prepared on an accruals basi& whdher they fAiI to comply with relevant
accounting requirements under section 396 of the Companies Act 2006.or are not consisient with
the chariti￿ SORP IFRS 1021
(4) ATr), tnatter which the examiner believes should be drawn lo the atteniion ofthe reader to gain
a proper understanding of the aecounts.
Susan Lewis FCCA
6 Park Road
Newbridge
Ne￿.port. NPI 14RF
Date= 13th (ktober 2023
Page I

LEGACY CHURCH WALSALL
BALANCE SHEET AS AT
31ST DECEMBER 2022
Notes Unrestri¢ied Restricted
Funds
Funds
2022
Total
Funds
2022
Total
Funds
2021
2022
FIXED ASSETS
101.218
101,218
101,218
101,218
101,218
101.218
CURRENT ASSETS
Prepayments
Cash al Bank
Cash in Hand
44,938
124
8,653
53,591
124
55,770
124
45,062
8.653
53,715
55.894
CURRENT LIABILITIES- Amounts
falling du¢ within one year
12
1.141
1,140
1,140
54,754
NET CURRF.NT A&SETSILIABILITIES
43,921
8,653
52,574
TOTAL ASSETS LESS CURRENT
LIABILITIES
145,139
8,653
153,792
155,972
LONG TERM LIABILITIES
Atnounts falling due alter more
Ihan one year
NET ASSETS
£145,139
£8,653
£153,792
£155,972
FUNDS
Accumulated Fund
Designated Fund
Othcr Funds
145,139
145,139
148,700
8.653
8,653
7,272
TOTAL FUNDS
£145,139
£8.653
£153,792
£155,972
Approve4J by the Board of Truslees on Idatel
29/,.1~
and signed on its khalf by :"
Chairnian( l )
Trustee (2)
Page 2

LEGACY CHURCH WALSALL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED
31ST DECEMBER 2022
Notes Unrestricted Restricted
Funds
Funds
2022
2022
Total
Funds
2022
Total
Funds
2021
Ineoming Resources
Income General
Investment Income
Other Income
74,451
15
362
74,813
22
58,426
30
Total Incoming Resources
74.466
369
74,835
58,456
Costs of Generating Funds
Operating Costs
Resources Expended
Direct Charitable Expenditsre
Ministry
Fellowship
(iifts
Property
46.866
1,476
12,052
13,302
73,697
46.866
1.476
12,052
13.302
73,697
43,560
957
9,370
10,905
fv1,792
io
Management And Adniinistratio
Administsation
3298
20
3,318
7.148
3,298
20
3,318
7,148
Other Expendlture
Other
Resources Expended
76.995
20
77,015
71,940
Net incoming resources becore tr*I￿er5
Transf¢rs UtilisedlRelease
-2,529
-1.032
349
1.032
-2,180
-13,484
L¥et moVeD￿nt in FuDds for year
Fund Balances brought forward
-3.561
148.700
1,381
7.272
-2,180
155,972
-13,484
169.456
Fund Balanees earried forward
£145.139
£8.653
£153.792
£155,972
Page 3

LEGACY CHURCH WALS.4LL
NO"IES TO THE ACCOUN"FS
FOR THE YEAR ENDED
3 1ST DECEMBER 2022
ACCOUNTING POLICIES
The following accounting poltcies have ken used consisiently in dealing ￿1th ilems which are
considered matcrial in relation to the financial statements.
Accountin
Convenlion
The financial staiemenis have been prepared under the historical cost convention other than
certain freehold property which 15 included at valuation. In pr¢paring the financial statements the
charity follows best practice as laid dowTr in the Statemenl of Recommended Practice Accounting
and Rewrting by Charities (revised 2005) and the Charities Act 1993.
Incomin
Resources
Voluntary income is Teceived by way of donations and gifts and is included in incoming resourccs
when ihese are receivable.
Interest receivable is included when it is received.
Resources Ex
nded
Resources expended are included in the Stat¢mcnt of Financial Activilies on an accruals
basis, inclusive ofany Value Added Tax which cannot be recovered.
reciation
Freehold Land and Buildin
Dcprcciaiion is only pro%'ided on freehold land and buildings where the Trustees consider that the
remaining useful lifc is le5S than 50 vears. The rate of depreciation is 20/0 OT) a straight line basis.
UL
ment Furniture. fixtures and fittin
s and Motor Vehicles
Deprcciation has been charged ai 200/0 per annum on a straighi line basis.
Taxation
As a registcr¢d charity the Church benefits from rates relief and is generallv exempt from Income
Tax and Capital Gains Tax bul not from Value Added T&x. Irrecoverdble Value Added Tax is
included in the cost ol those items to which it relal¢s.
Income tax recovered on dceds of covenants and Gift Aid donations arc credited to ihe
general unrestricted funds.
Fund Accountin
l. Unrestricted funds comprise those funds which the Tn￿lee5 are free to use in accordance
wilh the charilabl¢ objects.
2. Designated funds are unrestricted funds eamiarked by the trustees for parlicular purpos¢s.
3. Restricted funds are funds which have been given for particular purposes. The restriction being
placed by the donor.
Page 4

LEGACY CHURCH WALSALL
NOTE I . TAIYGIBLE FIXED ASSETS AS AT
31ST DECEMBER 2022
DEPRECIATION METHOD -'STRAIGHT LINE..
DEPRECIATION ANNUAL RATES:_
2%
LAND &
2￿/
2￿/
2￿/0
oTrTric.E
20010
MOTOR
CHArrFIS
INSTRMT
BUILDIIYG
FITTINGS
AVDIO
I"IP%lhT
I'LHICLES
TOT AL
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
14.290
7.172
1,737
1,445
76,612
CLOSINCJ BALANCE
51.968
14.290
7.172
1,737
1.445
76,612
NET BOOK VALUE
At beginning of year
£ I IM),884
£1.945
-£374
£0
£0
£101.218
At end of year
£100.884
£708
-£374
£0
£0
£101,218
Page 5

LEGACY CHURCH WALSALL
NOTE 3 CAPIT AL FUNDS
OPENING
BALANCE
1Tr4FLOW
OI'TFI.OW
CLOSINC.
BALANCL
Restrieted
Restrictcd Funds
Transfer To Accumulaied
7,272
369
1.032
1.401
20
7,621
1,032
8,653
7,272
20
Design*ted
Unre5tri¢ted
Accumulated Fund
Transfer From Restricted
148,700
74,466
76,995
146.171
-1.032
145.139
148.700
74.466
78.027
TOTAL
£1 i5.972
£75.867
£78,047
£153,792
NOTE 4 INCOME GF.NERAL
C nn5ttirtrd
Re5tri¢t¢d
2022
TOTAL
2022
TOTAL
2021
2022
Offerings. Collcclions. Donations
Covenant5 1 Gift Aid
Gifts
Missionary
Room hire
Building Fund
Other
8449
51055
8,449
51,055
362
6,435
22
175
5,563
49.909
362
64)5
22
175
68
1,175
Tax Refuthds
Responsc Funding
Other Income
Childrens Camp
Tuck5hop
Soul R
Pathfinders
2.800
2.800
5.515
5.515
TOTAL
£74.4) I
£362
£74,813
£58,426
Page 6

LEGACY CHURCH WALSALL
NOTE 5 INVESTMENT I
ME
Investment incorne was derived from surplus funds being placed on short lem deposit
with the bank.
NOTE
OTHER INCOME
NOTE 7 EXPENDITURE MINISTRY
Restricted
TOTAL
2022
TOTAL
2021
2022
2022
Preaching and Teaching
Visiiing ministry
Teaching Resources
Ministry Resources
Magazines
Outreach
Other
TOTAL
44.035
1,050
44,035
1,050
43.085
475
1.581
1,581
200
£46.866
200
£46,866
£0
£4i,560
NOTE 8 EXPENDITURE FELLOWSHIP
I"•resirirtrd
Rtstrict¢d
2022
TOTAL
2022
TOTAL
2021
2022
Trdn5POn
Catering
Function5
Flowrslchocs
Activities
OtheT
TOTAL
67
762
67
762
54
669
234
647
647
£1,476
£0
£1,476
£957
Page 7

LEGACY CHURCH WALSALL
NOTE 9 EXPENDITURE GIFrs
Ilnrnsirirted
Restricted
2(122
TOTAL
21122
TOTAL
2021
21b22
Overseas
UK.Missions
Needy
AOG Conl
Church Personnel
TOTAL
7.752
7.752
100
1270
2.4)5
1,623
1,087
1.270
2.929
£12,052
2,929
£12.052
4,225
£9,370
£0
NOTF. 10 EXPENDITURE PROPERTY
I.￿reSt￿l¢l¢d
Resirided
2022
TOTAL
2022
TOTAL
2021
2022
Repairs
Cleaning
Electrhcity
Gas
Ins.IWater
Sky
D¢preciation
TOTAL
5,i09
3.236
1.339
1.2iO
1,8)7
331
3,577
2.931
1.008
1,528
1.608
252
3,2)6
1.230
1.857
3il
£13,)02
£0
£13.J02
£10.905
NOTE 11 EXPENDITURE ADMIIIISTRATION
l.'•restrirttd
Restri¢ted
2022
TOTAL
2022
TOTAL
2021
21122
Postagelstai
Websiiellntern¢l
Subs/Li¢¢n¢es
CCPAS
Prof.Fe
Bank Char
TOTAL
498
588
965
334
744
169
498
588
965
529
5,489
146
984
744
189
es
20
£20
£7.148
Page 8

LEGACY CHURCH WAISALL
NOTE 12
Restricted
TOTAL
2022
TOTAL
2021
2022
2022
Accruals
PA YE Liability
600
541
600
541
600
540
TOTAL
£1.141
£0
£1.141
£1.140
NOTE 13 TRUSTEES REMUNERATION AND OUT OF POCKET EXPENSES
2022
2021
Trustee5 Rcmunerdtion
Trusiees menioring and pastoral work.
33.410
32,571
Trustees Out of Pocket Expense5
Tn]stees irdvel and meeting attendance.
5.577
Page 9