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 2024
Page
Description
Independent Examiner's Report
Balance Sheet
Statement of Financial Activities
Notes to the Accounts
5t09

INDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF
LEGACY CHURCH WALSALL
A register￿ charity number '.
1052776
FOR THE YEAR ENDED 31ST DECEMBER 2024
The report relates to financial statements set out from page 2 to 9.
Respeetive responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The charitty's trustees consider
that an audit is not requiied for this year under section 144 of the Charities Act 2011 Ithe CharitiesAct I
and that an independent examination is needed.
It is my responsibility to..
Examine the accounts under section 145 of the Charities Act
- To follow the procedures laid down in the general Di rections given by the Chairity Commission
(under section 1451Sllblof the Charities Act, and
- To state whether particular matters have come to myattention.
Basis of independent eiaminer's report
My examination carried out in a￿ordallCe with the General Directions given by the Charity
Commissioners. An examination includes a review of the accounting records kept by the charity
and a cornparison of the accounts presented with those records. It also includes consideration of
any unusual items or disclosures in the accounts, and seeking explanations from you as trusfres
concerning any such marters. The procedures undertaken do not provide all the evid¢nce that would
be required in an audit, and consequently no opinion is g]ven as to whether the accounts present
a 'true and fai r, vlew and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention to indicate that:
111 Accounts have not been kept in accordance with section 386 ofthe CompaniesAct 2006.
121 The accounts do not accord with such records.
131 Where accounts are prepared on an accruals basis, whether theyfail to comply with relevant
accounti ng requirements under section 396 of the Companies Act 2006,or are not consistent with
the Charities SORP IFRS 1021
141 Any matter which the examiner believes should be drawn to the attention of the reader to gain
a proper understanding olthe accounts.
Susan Lewis FCCA
6 Park Road
Newbridge
Ncwport. NP I14RF
Date.. 24th September 2025
Page I

LEGACY CHURCH WALSALL
BALANCE SHEET AS AT
31ST DECEMBER 2024
Notes Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
FIXED ASSETS
102,479
102,479
102,479
102,479
102,479
102,479
CURRENT ASSETS
PTepayments
Cash at Bank
Cash in Hand
64,363
9,623
73,986
67,293
124
64,363
9,623
73,986
67,417
CURRENT LIABILITIES - Amounts
falling due within one year
E2
1,360
1,360
1,385
1,360
63,003
1,360
72,626
1,385
66,032
NET CURRENT ASSETSILIABILITIES
9,623
TOTAL ASSETS LESS CURRENT
LIABILITIES
165,482
9,623
175,105
168,511
LONG TERM LIABILITIES
Amounts falling due after more
than on¢ year
NET ASSETS
£165,482
£9,623
£175,105
£168,511
FUNDS
Accurnulated Fund
Designated Fund
Other Funds
165.482
165,482
159,401
9,623
9,623
9,110
TOTAL FUNDS
£165,482
£9,623
£175,105
£168,511
Approv￿ by the Board of Trustees on (date)
23
and signed on its bchalf by :_
Chairn]an( l)
Trustee (2)
Page 2

LEGACY CHURCH WALSALL
STATEMENT OF FIIYANCIAL ACTIVITIES
FOR THE YEAR ENDED
31STDECEMBER 2024
Notes Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Incoming Resources
Income General
Investment Income
Other Income
101,367
360
175
101,727
175
98,834
117
Total Incoming Resources
101,367
535
101,902
98,951
Costs of Generating Funds
Operating Costs
Resources Expended
Direct Charitable Expenditure
Ministy
Fellowship
Gifts
Propety
61,108
3,590
3,230
23,682
91,609
61,108
3,590
3,230
23,682
91,609
53,193
1,422
7,374
18,957
80.946
10
Management And Administration
Administration
3,678
22
3,700
3,286
3,678
22
3,700
3.286
Other Expenditure
Other
Resources Expended
95,286
22
95,308
84,232
Net Incoming resources before transfers
Trdnsfets utilissjlRel￿ed
6,081
513
6,594
14,719
Net Movement in Funds for y￿r
Fund Batances brought fonvard
6,081
159,401
513
9,110
6,594
168.511
14.719
153,792
Fund Balances carried forivard
£165,482
£9.623
£175,105
£168,511
Page 3

LEGACY CHURCH WALSALL
NOTES TO THE ACCOUNTS
R THE YEAR ENDED
3 1ST DECEMBER 2024
ACCOUNTtNG POLICIES
The following accounting policies have been used consistently in dealingwith items which are
considered material in relation to the financial statements.
Accountin
Convention
The financial statements have been prepared under the historical cost convention other than
certai n freehold propertywhich is Included at valuation. In preparingthe financial statements the
charityfollows best practice as laid down in the Statement of Recommended Practice Accounting
and Reporti ng 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 receivatr)le is included when it is received.
Resources Ex ended
Resources expended are included i n the Statement of Fi nancial Activities on an accruals
basis, inclusive of anyvalue AddedTax which cannot be recovered.
reciation
Freehold Land and Buildin
Depreciation is only provided on freehold land and buildings where the Trustees consider that the
remaining use￿1 life is less than 50 years. The rate of dq)reciatton is 2 /0 on a straight line basis.
ui
ment Furniture f￿tUreS and flttin
s and Motor Vehicles
Depreciation has been charged at 20% per annum on a straight line basis.
Taxation
As a regstered charity the Church benefits from rates relief and is generally exempt from Income
Tax and Capital Gains Tax but not fromvalue Added Tax. Irrecoverable Value Added Tax is
included in the cost of those items to which it relates.
Income tax recovered on deeds ofcovenants and Gift Aid donations are credited tothe
general unrestricted funds.
Fund Acc
untin
l. Unrestricted tunds comprise those fundswhichthe 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 gtven for particular purposes. The restriction being
placed bythe donor.
Page 4

LEGACY CHURCH WALSALL
IYOTE I . TANGIBLE FIXED ASSETS AS AT
31ST DECE￿￿ER 2024
DEPRECIATION METHOD - 'STRAIGHT LtNE'.
DEPRECIATION ANNUAL RATES:_
200/0
OffiCE
LAND &
BUILDING
CHATfELS INSTRh
MOTOR
FITTING
COST
Opening balance
Disposals
Additions
152,852
14,998
6,798
3,313
1.445
179,406
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
2,052
1,445
76.927
CLOSIN
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
£1.261
£0
£102,479
At end of year
£100,884
£708
-£374
£1,261
£0
£102,479
Page 5

LEGACY CHURCH WALSALL
NOTE 3 CAPITAL FUNDS
OPEf+UNG
BALANCE
INFLOW
OUTFLOW
CLOSING
BALANCE
Restricted
Restricted Funds
Transfer To Accumulated
8.078
1,032
9,110
535
22
8.591
535
22
8,591
Designated
Unrestricted
Accumulated Fund
Transfer From Restricted
160,433
-1,032
159.401
101,367
95,286
166,514
101,367
95,286
166,514
TOTAL
£168,511
£101,902
£95.308
£175,105
NOTE 4 INCOLWIE GENERAL
Unrestricted
Restricted
TOTAL
2024
TOTAL
2023
2024
2024
Offerings, Collections, Donation5
Covenants l Gift Aid
Gifts
Missionary
Room hire
Bullding Fund
Other
T&x Refi￿dS
Response Funding
Other Income
Childrens Camp
Tuckshop
Soul R
Pathfinders
9426
56558
9,426
56,558
8,317
63,489
8995
8,995
369
340
1,325
21,864
475
24,463
475
24,463
1.450
1,450
3,130
TOTAL
£101.367
£0
£101,367
£98,834
Page 6

LEGACY CHURCH WALSALL
NOTE 5 INVE
TMENTINCOME
Investtnent income was derived from surplus funds being placed on short term deposit
with the bank.
NOTE 6 OTHER INCOME
NOTE 7 EXPENDITURE MINISTRY
Unrestricted
Restricted
2024
TOTAL
2024
TOTAL
2023
2024
Preaching and Teaching
Visiting ministy
Teaching Resources
Ministry Resources
Magazines
Outreach
Oth¢r
TOTAL
59,408
225
59,408
225
51,863
875
1,291
1,291
455
184
£61,108
184
£61,108
£0
£53.193
NOTE 8 EXPENDITURE FELLOWSHIP
Unrestrlcted
Restricted
2024
TOTAL
2024
TOTAL
2023
2024
Transport
Cafrrtng
Functions
FIowTs/Chocs
Youth Activities
Other
reciation
TOTAL
120
581
392
130
200
522
55
60
2,952
522
55
60
2,952
£3.590
£0
£3,590
£1,423
Page 7

LEGACY CHURCH WALSALL
NOTE 9 EXPENDITURE GIFrs
Unrestricted
Restricted
2024
TOTAL
2024
TOTAL
2023
2024
Overseas
UK.Missions
Needy
AOG Cont
Church Personnel
TOTAL
3,493
1,850
200
300
300
2.930
£3.230
2,930
£3,230
1,831
£7,374
£0
NOTE 10 EXPENDITURE PROPERTY
Unrestricted
Restricted
2024
TOTAL
2024
TOTAL
2023
2024
Repairs
Cleaning
Electricity
Gas
Ins./Water
sty
Alami
reciation
7.943
4.595
2,783
4.330
2,289
513
1,228
7,943
4,595
2,783
4,330
2,289
513
1.228
1,617
3,845
3,486
6,478
2.752
464
315
£18,957
TOTAL
£23.682
£0
£23.682
NOTE 11 EXPENDITURE ADMtNISTRA TION
Unrestritted
Re$tri¢ted
TOTAL
2024
TOTAL
2023
2024
2024
Postagelstat
Websit&lnternet
Sub51Licences
CCPAS
Prof.Fees
Bank Charges
199
307
1,407
168
839
175
581
£3,678
199
307
1,407
168
839
175
581
£3,678
478
299
1,316
208
839
146
£3,286
TOTAL
£0
Page 8

LEGACY CHURCH WALSALL
NOTE 12
u￿￿$tr1tted
Restri¢ttd
2024
TOTAL
2024
TOTAL
2023
2024
Accruals
PAYE Uabillty
695
665
695
665
600
540
TOTAL
£1,360
£0
£1.360
£1,140
TE13TR
TEE
REM
NE
ND
KET EXPEN
2024
2023
TnJste¢s R¢mun¢ration
Trus¢es mentoring and pastoral work.
53,504
45,574
Trustees Out of Pocket Expenses
T￿SteeS travel and m¢¢ting att¢ndance.
5.904
6,289
Page 9