LEGACY CHURCH WALSALL
A REGISTERED CIIARITY NUMBER .
1052776
ADDRESS .
Corporation Street,
Walsall,
West Midlands,
WSI 3QR.
INDEX TO ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
Page
Description
Independent Examiner's Report
Balance Sheet
Statement of Financial Activities
Notes to the Accounts
5t0 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
LEGACY CHURCH WALSALL
A registered cliarily nuinber '.
1052776
FOR THE YEAR ENDED 31ST DECEMBER 2023
The report relates to financial statements set out from page 2 to 9.
Respective responsibilities of trustees and examiner
The trustees are responsible for Ilie preparation of the accounts. The charitty's trUS￿eS consider
that an audit is not required for this year uiider section 144 of the Charits'es Act 2011 (the Charities Act )
and that an independent examination is needed.
It is iny responsibility to:
Examine the accounts under section 145 of the Charities Act
To follow the procedures laid down in the gen¢ral D]r￿tionS given by the Chairity Cornmission
(under section 14515)(blof the Cliarities Act, and
To state wlieiher particular matters have come lo my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity
Cornmissioners. AD exainination includes a review of the accouiiting records kept by the charity
and a comparison of the accoiinls presented witli tliose record4. It also includes consideration of
any unusual iteiDs or disclosures in the accounts, and seeking explanations from you 85 trnstees
Concerning any such matters. The procedures undertaken do not provide all the evidence that would
be requlred in an audit. and consequently no opinion is given as to whether the accounts present
'trne and fair, view and the report is limited to those matters set out in the statement below.
Tndependent examiner's statement
In Connection witli Iny examination, no matter lias coine to my attention to indicate that..
(l ) Accounts have not been kept in accoi'dance witl) section 386 of the COMp￿]IeS Act 2006.
(2) The accounts do not accord with such records.
(3) Where accounts are prepared on an accrua15 basis, whether they fail to comply with relevant
accounting requireincnts under section 396 of tlie Companies Act 2006,or are not Lonsistenl wilh
the Charities SORP {FRS 102)
(4) Any matter whicli the examiner b¢lieves should be drawn lo the aitention of the reader to gain
a proper understaiiding of the accounts.
Susan Lewis FCCA
6 Park Road
Newbridge
Newport. NPI 14RF
Dale.. 2nd October 2024
Page I

LEGACY CFIURCH WALSALL
BALANCE SIIEET AS AT
31ST DECEMBER 2023
Notc5 Unrestricted Restricted
Funds
Funds
2023
2023
Total
Funds
2023
Total
Funds
2022
FIXED ASSETS
102,479
102,479
101,218
102,479
102,479
101.218
CURRENT ASSETS
Prepayments
Cash at Bank
Cash in Hand
58,183
124
9,110
67,293
124
53,591
124
58,307
9,110
67,417
CURRENT LIABJLTTIES - Amounts
falling due witliin one year
53,715
12
1,385
1,385
1,141
1,385
56,922
1.385
66,032
1,141
52,574
NET CURRENT ASSETSILIABILITIES
9,110
TOTAL ASSETS LESS CURRENI.
LIABILITIES
159,401
9,110
168,511
153,792
LONG TERM LIABILITIES
Amounts falliiig due after more
than one year
NET ASSETS
£159,401
£9,110
£168,511
£153,792
FUNDS
Accumulated Fund
Designated Fund
Other Funds
159,401
159,401
68,144
9,110
9,110
8,653
TOTAL FUNDS
£159,401
£9,110
£168.511
£76,797
Approvcd by the Board o! Trustees on Idatel Iln trT 2eJ
and signed on its behalf by :"
Chairman( l )
Trustee (2)
Page 2

LEGACY CHURCH WALSALL
STATEMENT OF FINANCIAL ACTIVITIES
FOR TIIE YEAR ENDED
31ST DECEMBER 2023
Note5 Unrestrieted Restricted
Funds
Funds
2023
2023
Total
Funds
2023
Total
Funds
2022
Incoming Resources
Income General
Investment Income
Other Incoine
98,494
340
117
98,834
117
74,813
22
Total Incoming Resources
98,494
457
98,951
74,835
Costs of Generating Funds
Operating Costs
Resources Expended
Direct Charitable Expenditure
Ministry
Fellowship
Gifts
Property
53,193
1,422
7,374
18,957
80,946
53,193
1,422
7,374
18,957
80,946
46,866
1,476
12,052
13,302
73,696
10
Management And Administration
Administration
3,286
3,286
3,318
3,286
3,286
3,318
Other Expenditure
Other
Resources Expended
84,232
84,232
77,015
Net incoming resources before tr#n5fcr5
Transfers UtilisedlReleased
14,262
457
14,719
-2,180
Net Movement In Funds for year
Fund Balances brought forward
14,262
145,139
457
8,653
14,719
153,792
-2,180
155,972
Fund Balances carried forward
£159,401
£9,110
£168,511
£153,792
Page 3

LEGACY CHURCH WALSALL
NOTES TO THE ACCOtTNTS
FOR THE YEAR ENDED
31 ST DECEMBER 2023
ACCOUNTING POLICIES
The following accouiiting policies have been used consistently in dealing with items which are
considered material in relation lo the financial statements.
Accountin
Convention
The fInancial statements have been prepared under the historical cost convention other than
certain freehold propety which is included at valuation. Iii preparing the financial statements the
charity follows best practice as laid down in the Statenient of Recommended Practice Accounting
and Reporting by Charities (revised 2005) and the Charities Act 1993.
Incomin
Resources
Voluntary income is received by way of donations and gifts and is included in incoming resources
when these are receivable.
Interest receivable is included when it is received.
Resources Ex
ended
Resources expended are Tncluded in the Statement of Financial Activities on an accruals
basis, inclusive of any Value Added Tax which canrAOt be recovered.
reciation
Freehold Land and Buildin
Depreciation is only provided on freehold land and buildings where the Trustees consider that the
remaining useful life is less than 50 years. The rate of depi'eciation is 2 % on a straight line basis.
ui
ment Furniture flxtures and fittin
s and Motor Vehicles
Depreciation has been charged at 200/0 per annum on a straight line basis.
Taxation
As a re￿stered charity the Church benefits from rates relief and is generally exempt from Income
Tax and Capital Gains Tax but not from Value Added Tax. Irrecoverable Value Added Tax is
included in the cost of those items to which it relates.
Income tax recovered on deeds of covenants and Gift Aid donations are credited to the
general unrestricted fijnds.
Fund Accountin
l. Unrestricted funds comprise those funds which the Trustees are free to use in accordance
with the charitable objects.
2. Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
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 . TANGIBLE FIXED ASSETS AS AT
31ST DECEMBER 2023
DEPRECIATION METHOD-'STRAIGHT LINE,.
DEPRECIATION ANNUAL RATES:.
20/
CHAThELS
200/
INSTRMT
200/0
MOTOR
VEHI
UIPMNT ￿LEs
LAND &
orFICE
JIUILDING
FITTINGS
AUDIO
TOTAL
COST
Opening balance
Disposals
Additions
152,852
14,998
6,798
1,737
1,445
177,830
1,576
1,576
CLOSING BALANCE
152,852
14,998
6,798
3,313
1,445
179,406
DEPRECIATION
Opening balance
Disposals
Charge for year
51,968
14,290
7,172
1,737
1,445
76,612
315
315
CLOSING BALANCE
51,968
14,290
7,172
2,052
1,445
76,927
NET BOOK VALUE
At beginning of year
£100,884
£1,945
-£374
£0
£0
£101,218
At end of year
£100,884
£708
-£374
£1,261
£0
£102,479
Page 5

LEGACY CHURCH WALSALL
IYOTE 3 CAPITAL FUNDS
OPENING
BALANCE
INFLOW
OUTFLOW
CLOSING
BALANCE
RcstrRcted
Restricted Funds
Transfer To Accumulated
7,621
1,032
8.653
457
8.078
1,032
9,110
457
Designated
Unrestricted
Accumulated fund
Transfer From Restricted
146,171
1,032
145.139
98,494
84.232
160.433
-1,032
159,401
98.494
84,232
TOTAL
£153,792
£98,951
£84.232
£168,511
NOTE 4 INCOME GENERAL
Unrestrlcttd
Restrlcted
2023
TOTAL
2023
TOTAL
2022
2023
Offerings, Collections, Donations
Covenants / Gift Aid
Gifts
Missionary
Room hire
Building Fund
Other
8317
63489
8,317
63,489
8.449
51,055
362
6,435
22
175
369
369
340
1,325
21,864
340
1,325
21,864
Tax Refunds
Response Funding
Other Income
Childrens Camp
Tuckshop
Soul R
Piiihfinders
3,130
3,130
2,800
5.515
TOTAL
£98,494
£340
£98,834
£74,813
Page 6

LEGACY CHURCH WALSALL
NOTE 5 fNVESTMENT tNCOME
Investnieiit iiiconie was derived from svrplus funds being pla¢ed on short term deposit
witli the bank.
NOTE 6 OTHER fNCOME
NOTE 7 EXPEIYDITURE MINISTRY
UTrrcstri¢ted
Restricted
TOTAL
2023
TOTAL
2022
2023
2023
Preaching and Teaching
Visiting ministry
Teaeliing Resources
Ministry Resources
Magazines
Outreach
Otlier
TOI'AL
51,863
875
51.863
875
44,035
1.050
455
455
1,581
200
£46,866
£53,193
£0
£53,193
NOTE 8 EXPENDITURE FELLOWSHIP
Unrestri¢ttd
Restricted
2023
TOTAL
2023
TOTAL
2022
2023
Transport
Catering
Functions
Flowrs/Chocs
A¢tivities
Other
TOTAL
120
581
392
130
200
120
581
392
130
200
67
762
647
£1.422
£0
£1,422
£1,476
Page 7

LEGACY CHURCH WALSALL
NOTE 9 EXPENDITURE GIFTS
Unrestricied
Restricted
TOTAL
2023
TOTAL
2022
2023
2023
Overseas
UK.Missions
Needy
AOG Cont
Church Personnel
TOTAL
3,493
1,850
200
3,493
1,850
200
7,752
1.270
1,831
£7,374
1,831
£7,374
2,929
£12,051
£0
NOTE 10 EXPENDITURE PROPERTY
Vnreslricted
Restricted
TOTAL
2023
TOTAL
2022
2023
2023
Repairs
Cleaning
Electi-icily
Gas
Ins.IWaler
Sky
1,617
3,845
3,486
6.478
2,752
464
315
£18,957
1,617
3.845
3,486
6.478
2,752
464
315
£18,957
5.309
3,236
1,339
1.230
1,857
331
reciation
TOTAL
£0
£13,302
NOTE I I EXPENDITURE ADMINISTRATION
Unrestrlcted
Restrictcd
TOTAL
2023
TOTAL
2022
2023
2023
Postagelstat
Websitellntemet
Subs/Licenccs
478
299
1,316
208
839
146
£3.286
478
299
1,316
208
839
146
£3.286
498
588
965
334
744
189
£3.318
CCPAS
Prof.Fees
Bank Char
TOTAL
es
£0
Page 8

LEGACY CHURCH WALSALL
NOTE 12
Unresiri¢i¢d
Restricted
TOTAL
2023
TOTAL
2022
2023
2023
Accruals
PA YE Liability
695
690
695
690
600
541
TOTAL
£1,385
£0
£1,385
£1,141
NOTE 13 TRUSTEES REMUNERATION AND OUT OF POCKET EXPENSES
2023
2022
Trnstees Rernuneration
Trustees mentoring and pastoral work.
45,574
33.410
Trustees Out of Pocket Expenses
Trustees travel and meeting attendance.
6,289
5.577
Page 9