Draft Finanelal Stst•m•nts at 24 J•nu¥ry 2024 at 17=57=34 Charlty rogistration number 1180546 Company registration numb*r CE015526 (England and W•l•sl LEGACY WM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
Draft Financial Statements at 24 January 2024 at 17=57..34 LEGACY WM LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rooqi8 Malik Winston Weir Enam Rahman Shaid8 Bibi Alison Jones Shawkat Chowdhury Gurpreet Bhatia Jesse Gerald Carol Lyndon Gary Bowman Andrew Peter Donaldson Rachael Thomas 1180546 (Appointed 13 June 20231 (Appointed 21 March 20231 Charlty numbor Company numbgr CE015526 Registered office Soh(> House 5 Soho Avenue Handsworth Birmingham B185LB AGS Accountants and Business Advisors Lirnited Ind?pendent examiner Unit 1 Castle Court 2 C8Stlegate Way Dudley West Midlands DY14RH
Draft Finanelal Statements at 24 January 2024 at 17:57:34 LEGACY WM CHAIRMAN'S AND TREASURER'S STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2023 2023 has been a remarkable joumey for Legacy West Midlands, and l am thrilled as the new chair to share with you some of the incredible achIeveentS and exciting developments we have experienced. First and foremost, I would like to express my deepest 9ralilude to our dedicated staff, volunteers, and Iruslees. Their unwavering commitment and tireless efforts have been instrumentsl in driving our mission forward. Their passion and cofflrllilmenl have been the cornerslone of our success. and l am continually inspired by their hard work and selfless contribu110ns. l am dèlighted lo announce that in 2023. our charity was honouTed with the prestigious King's Award for Voluntary Services. This recognition is a testament to the exceptional impact our volunteers have had within the comfflunily. It is a true reflection of their dedication and the meaningful difference they have made in the lives of those we seNe. As we look ahead to 2024, we are filled with enthusiasm and ambition. We are embarking on new projects and Inilialives that will further our impact and reach within the community. Our goals are bold. and our vision is Clear. We are committed to expanding our efforts and making a profound difference in the lives of those we serve. In 2024, we are placing a strong emphasis on fofging stronger partnerships with like-minded organisations and community stakeholders. By collaborating with others who share our passion for positive change, we aim to amplify our impact and create lasting, sustainable improvements within our community. Our devotion to serving the comrnufiity remains at Ihe heart of everything we do. In the Coming year, we will continue lo priorilise our efforts lo address the mosl pressing needs of those we serve. Whelher Il is IhrDugh providing essential services, advocating for rneaningful change, or fostering a sense of belonging and support, our commitment lo the community is unwavering. Furthermore, we recognise the critical importance of a strong and diverse board of ttustees. In 2024, we are focused on slrenglhening our board to ensure that we have the expertise, vision, and leadership necessary lo guide our charity lo even greater heights. With that we welcome lo our ranks Andrew Donaldson and Rachel Thomas as new board members and say a sad goodbye lo Carol Lyndon, our longest serving member who has been with Legacy WM from the start. I can only speak highly of Carol and her single-mindedness, not only to the communities in North Wesl Birmingham, bul to Birmingham as a whole. As a board of trustees for such an incredible organisalion, are committed to fostering an environment of g0Veman excellence and strategic direction. As we reflect on the past year and look forward lo the opportunities that lie ahead, l am filled with pride and optimism. Legacy Wesl Midlands, impact in Birmingham is profound, and l am ¢onfident that together. we will continue to make a meaningful difference in the lives of those we serve. l extend my deepest appreciation to each and every one of you lor your continued support, dedication, and belief in our mission. Together, we are shaping a brighter fuluie for our community. Jesse Gerald Chair, Board of Trustees Date..
Draft Financial Statements at 24 January 2024 at 17'.S7'.34 LEGACY WM CONTENTS Pag• Chairman's and Treasurevs Report Trustees reFK)rt Independent examinerfs rèw)rt Stat8m8nt of fin8n¢ial actwilies Balance shèèt Notes to the financial ststements 9-15
Treasur&Vs Réport The financial position of Legacy West Midlands is such that the organisalion rgmains a going comr. However, 2022123 has been a challenging year. We found Ihal donors were less likely to provide funds. This was a feature of the turbulent political and economic climate especially In late 2022. Britain saw a new Prime Minister, infialion rising and increasing interest rates. Thankfully, our key donors remained loyal lo our charity and cor)linued lo support us. Our accounts show that our income rose significantly in 2022123 to £564k compared to £480k In the previous year. The accounts show that we receivecl increased funds from Birmingham Community Healthcare NHS Trust IBCHTI and Lottery Funds. It was th8 first tim8 that our income exceeded £0.5m. We also invested more in project delivery and in our staff reflecting the cost-ol-living increase. We ended the year with diminished reserves of £81 k, having spent more than our income by £160k. Thefe were several earmarked accounts amounting lo £62,947 where the income was received in the new financial year. These accounts have now been paid. In summary, we faced strong financial headwinds in 2022123 and had lo ulilise some of our reserves to deliver a wider range of projects. We continue lo serve our communities and there is a lot which has been achieved. I personally would like to thank the whole team at Legacy for their dedication. professionalism and courage in these circumstances. We have invested in various community activities and we plan to conlinue to grow our charity through continued charitsble donations lo continue this very important work. Winston Weir Tr&asur•r Date.. &fr
Draft Financial Statèmènts at 24 January 2024 at 17'.57..34 LEGACY WM TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 OCTOBER 2023 The trustees. present their report with the financial statements of the charity for the year ended 31 October 2023. Thè trustees have adopted thé provisions of AccoLJnting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing th8ir accounis in 8rdance with the Fin8nci81 Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 102118ffective 1 January 20151. The Trustees made the decision in 2018 to close Legacy WM la reglstered charrtyl and fomi a charitable incorporated organisation ICIOI under the samo name, being registered with the Charity Commission as a CIO on 5 November 2018. The financial statements have been prepared in accordance with the accounting policies strt out in note 1 to the financial slaternents, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practic8 applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir81and IFRS 1021 18ff8ctive 1 January 20191. Objectives and aetlvltles 11 To advance the education for the publi¢ in.. the social, economi¢ 8nd cultural history and heritago of the Wèst Midlands Metropolitan region I'lhe Area'l and the ¢onlributioll made thereto by Asian. African. Caribbean and other immigrant communities.. works of 8rtislic merf( in all their forms lincluding and not limited to visual, literary and perfomiing arts) produced OT perfomed in Area and in particular by mernbers ol or relating to the said communities. 21 TO relieve the sickne55. promote good health, provide soaal housing andlor care to, and advarTrce the education and training of. people in need wth a prefgrence for those living in or having a link lo the local community. Slgnlfi¢ant activities Established in 2010. Legaw WM is a CIO situated at the heart of the West Midlands Metropolitan region, providing health and wellbeing, and arts and horitage programmes to develop social cohesion. We work within rnarginalised communities, aiming to instill a deep sense ol cultural pride and genuine connections between diverse groups, focusing on their needs, shared histories, and experiences. Beneficiaries from around age 5 to the elderfy are engaged and consulted through co-design, monitoring and evaluation. Our heritage work has eelebrated the relationship between local people with the industrial. architectural. and cultural fabric of the city. tracing migrant journeys and developing four heritage trails. Flagship comTnunity wellbeing provision Family Fit prtsvides wellbeing activities for the whole family has been renewed with support for a third year of delivery. Our work with young P80ple includes structured sports $8ssions and playschemes. Our arts programme will feature an arts trail along the canals connecting Bim)ingh8m city centre and Smethwiek. Currently, we carry out a rangè ol incisive and effecbve provisions to 8ddrè5s social need and Improva OtrtcoeS including intervÈntions on va¢Gine uptske ¢è18braling the 2022 Commonwealth Games. Public benefit The ¢harrty is a public benefit èntity and the trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the charities aims and objectives. Ach5ev•m•nts and perfomiance Charitable actlvltlas In the past year. despite the constraints of the pandemic and associated restrictic>ns we have delivered Zumba, Yoga, Football, Cycling and Badminton sessions. alongsid8 H8alth and Nutrition proj8Cts We continue to facilitate the efforts of volunteers and have welcomed several of our Community Champions onto the tearn as paid staff, building skills and resilien¢g in our communities. This year we have encouraged local residents to receive coronavirus vaccine, supported the annual Nowka Bais event, begun work on a pioneering arts trail, lead comtnunity consultation on Housing 21 social housing for elders, delivered a national cyclinq tour, performina arts showcase and outdoor photooraDhv exhibition markinq 50 vears ol
sessions in green spaces. This busy programme of activitie5 keèps us engaged in the community, responding tD emergent social need and helping individuals throughout their livos.
Draft Financial Statom•nts at 24 January 2024 at 17.'57:34 LEGACY WM TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Financial review Flnanclal position The board ol trustees are satisfied with the performance of the charity during the period and the PDsilion al 31 Octobèr 2023 and consider that thè charity is in a strong position to continue its activities during the coming year, and that the charitls assets are adéquate to fulfil its obligations. Overall, Legacy WM has raised funds totalling £564.073 with the 9xpendilure for th8 period tolalling £723,899 leaving the organisation with 8 deficit of £159,826. This leaves £80,959 in our funds tr) be carried forward at 31 Octobgl 2023. Reserves pollcy We generally operate a balan¢8d budget within each financial year. In respect of reseNes at the end of each financial year the aim is to build up to three rnonlhs unrestricted re$8rv8s lor operation running costs Including 58laries and statutory r8dund8ncies. It is anticipated that th8 r8serves will be built up over thè next three years and it will follow the principles below-. 11 A breakdown of reserves at tha end of financial year, with an indication of the stabJs of these figures le.g. auditedl draft rn8nageent, etc.) 21 Any actu81 or currendy planned transfers affecting reserves since that d8le.' and a description of the purpose and ¢urrent spending plans for each category of reserves where appropriate. cross referenced to published accounts 31 Committed Rese*ves- Funds that are allocated by an organisation from its retained resources for a specifted purpose 41 Free Reserves- Retained resources that are available lor general unspeafied future purpose Pl•ns for future perlods This yeai wè achieved our fundraising target and we anticipate continued growth next year, bolstering our sustainability. Through the Flourish healthcare nelwork. we have acted 8s an anchor organisation ready to 5UPPOrt grassroots provisions. The renovation ol the Anglesey Primary Sch<x)I Caretakèrfs House ss planned for completion nèxt year and will give us additional capacity to deliver more activities. Our success with existing funders has been exceptional as we have been awarded a four-year grant from the National Lottery Community Fund to continue our wellbeing work. We have also been successful in obtaining three- year funding courtesy of the National Heritage Lottery Fund, which will help us deliver Every Journey Matters, working with Handsworth Association ol Schools to engage young people in heritage. We are also working with a host of businesses lo explore how we can offèr them an opportunity to support us as part of their Environmentsl. Social and Corporate Governan IESGI profilès. We ale di58ppoinled that our application lo Arts Council England lo becorne a National Portfolio Organisalion was unsuccessful. However. this has not dampened our spirits as we continue to d8velop our expertise in curating and delivering arts projects such as the Roundhouse to Chance Arts Trail. Our plans to becomè a registered housing provider has be6n given a majof boost with funding from oak Foundation over the next four ye8rs. We have continuad lo tTTrake progress with the Church of England on developing St Michael's Ghurch as a community hub and the related vicarage site as flats over a period of several years. Our trailblazing work with Freedom 50 has engaged new people in cycling and is r8ising awareness of the climate challenges that we lace. The final leg ol our cycling tour will be held in Bangladesh in February, supporting Iwal The rollout of Daily Mile routes in cty parks and Ihe arts insiallations gives us a wider reach and greater impact across wid8r Birrningham. We remain ambitious for our communities and believe that by working in partnership with
Draft Financial Statements at 24 January 2024 at 17'.57'.34 LEGACY WM TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Structure, governanc8 and manag•m8nt Governing document Legacy WM became a registered charity on 15 April 2011 Icharily Registered Number 11414981. On 5 November 2018 Legacy WM changed its charity status to a Charitable Incorporated Organisation (Charity Registered Number 1180546, Registered Company Number CE0155261. The Charity is controlled by its governing document, a deed of irusl, an¢J conststutes a Charity Incorporated Organisab'gn. The truslees, who are also the directors for the purpose of company law, and who sèrvad during the year and up to the dale of signature ol the financial statements were.. Rooqia Malik Winston Weir Enam Rahman Shaida Bibi Alison Jones Shawkat Chowdhury Gurpreèt Bhatia Jésse Gorald CBrol Lyndon Gary Bowman Andrew Peter Donaldson IAppointed 13 Jun8 20231 Rachael Thomas IAppointed 21 March 20231 Recrultm•nt and appolntm8nt of ngw trust•ès Trustees are appointed by the existing tnjslees and serve for three years after which they may put themselves lorward for re-appointment. The constitution prtsvides for a minimum of three trustees to a maximum of nine trustees, with no more than three trustèes due fof r8-appthntment in any one year. During thg riod wè havg recruited new members lo our board which better reflects the community that we serve. The trustee's report was approved by the Board of Trustees. Winston Weir Treasurer 16° July 2024
Draft Financlal Stat•m•nts •t 24 January 2024 at 17:57:34 LEGACY WM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEGACY WM I report to Ihe trustees on my examination of the financial statements of Lggacy WM Ithe I for the year ended 31 October 2023. Responsibilities and basls of report As the Irusl8es of the land also its directors ltsr the purposes of company lawl you are responsiblg for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial stslernents of the are not required to be Budited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of rny ex8rNin8tion of the '$ financial statements e8rri8d out under section 145 01 the charib.es Act 2011 (the 2011 Act). In carying out my examination I have followed all the applicable Directions given by the Charity Cotnmission Ljnder section 14515llbl ol the 2011 Act. Independent examiner's statement Since the 's gross income exceedgd £250.000 your examiner must be a member of a l)ody listed in s8Ction 145 of the 2011 Aet. l confirm that l am qualified to undertake the examination because l arn 8 member of IENTER IN DATABASE cy10151. which is one of the listèd bodies. I have completed my examinats'on. l ¢onfirrn that no matters have come to my attention in connection with the examination giving me cause to b&lieve that in any material respect.. accokjnting rdS were not k8Pt in respect ol the as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 01 the 2006 Act other than any requirèment that the accounts give a true and fair view which 15 not a matter Gonydered as part of an independent exarnination., or the financial ststernenls have not been prepared in accordance with the methods and prinaples of the Ststement ol Recommended Practice lof accounting and reporting by charities applicable lo charities preparing their accounts in accord8nc8 Wlth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. I have no concerns and have come across no oth8f matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. AGS Accountants and Busln•ss Advlsors Lirnited Unit 1 Ca$tla Court 2 Castlegate Way Dudley Wesl Midlands DY1 4RH Dated". 11 January 2024
Draft Flnancial Statèmènts at 24 January 2024 •t 17..57..34 LEGACY WM STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 T¢tal 2023 2022 Notes Income from- Donations and legacies 28,6 83 535.389 $64,072 19.753 461,052 480,80 Invesltnents Total Incom• 98 28,684 535,389 564,073 19.851 461,052 480,90 Expènditure on.. Gharitable activities 18,087 702.213 720,300 443,943 443,94 Nel losses on 13.5991 13.5991 14,5151 14,5151 investments Net incomellexpenditurel 6.998 1166,8241 1159.8261 19,851 12.594 32,445 Transfers between funds N?t movement in 191,6641 91,664 95,485 195,4851 funds Rècon¢iliatlon of funds.. 184.6661 175,1601 1159,8261 115,336 182.8911 32.445 Fund balances at 1 November 2022 FLbnd balan¥ at 31 Octobgr 165,625 75,160 240.785 50,289 158,051 208.34 2023 80,959 80,959 165,625 75,160 240,78 The statement of financial actiVitS includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Draft Financial Statements at 24 January 2024 at 17:S7:34 LEGACY WM BALANCE SHEET AS A T 31 OCTOBER 2023 2023 2022 Notgs 10 Fixed assets Tangible assets Investments 42,151 91,886 54,895 95.485 11 Current assets 134,03 150,380 12 Debtors Cash al bank and in hand 2,652 69.945 669 247,867 Creditors.. amounts falllng due wlthln 72,597 248,536 13 on• yèar Net current Iliabilitiesyassets 1125,6751 1158,1311 153,0781 90,405 Total assets less current liabilities 80,959 240,785 Incom8 funds Restri¢tod funds Unrèstricted funds 75.160 165,625 80,959 80,959 240,785 The comparty is entitled to the exemption from the audit requirement contained in seth'on 477 of the Companies Act 2006, for the year ended 31 October 2023. The directors acknowledge their responsibilities for complying with thè rèquirernents of the Companies Act 2006 with respèct to accounting racoids and th8 preparation of financial statements. The members have not required the company to obtain an audit c)f its financial statements for the year in question in accordance with section 476. These financial $18ltrments have been prepared in accordance with the prowsions applic8ble to companies subject to the sfflall companigs, regimg. The financial statements were approved by the Trustees on 16 July 2024 Winston Weir Treasurer Company reglstratlon numb•r CE01 SS26
Draft Financial Statèmonts at 24 Jonuary 2024 at 17'.57'.34 LEGACY WM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Aceounting policies Charlty Infr•m14tlon Legacy WM is a charitsble incorporated organisation incorporated in England and Wales. The registered office is Soho House, 5 Soho Avenue, Handsworth, Birmingh8rn, B18 5LB. 1.1 Accounting convèntlon The finanaal 5tat8Tngnts have been prepared in accordance with the charivs govèming document, the Companies Act 2006, FRS 102 "Tha Financial Reporting Standard applicable in the UK and Republi¢ of Ireland- I"FRS 102.1 and the Charities SORP 'AccDunting and Reporting by Charities. Statement of Recommended Pra¢ticè applic8ble lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. (effective 1 January 20191. The is 8 Publio Benefit Entity as defined by FRS 102. The financial statemènts are prepared in sterling, which is the functional CLJrrèncy of the charity. Monetary amounts in these financial statements are round8d to the nearest £. The financial statements havé been prepared under the historical cost convention. The principal accounting policies 8dopted are set out below. 1.2 Fund accounting Unrestricted funds can be used in accordance with the charitable objects'ves al the discretion of the trust8e5. Restricted funds can only be used for particular restri¢ted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 1.3 Income AJI income is rec(yJnised in the Siatemenl of Financial Activilies once the charity has 8nliUefflent to the funds, it Is probable that the income will be reIved and the amount can be measured reliably. 1.4 Expenditure Expenditure is a¢counted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where ¢osts cannot be (Jire¢tly attributed to particular headings they have betrn allocated tr) activities on a basis Consistent with the use of resources. 1.5 Tangiblè fix•d assets Tangible fixed assets are initially measured al cost and subs8quently measured al cost or valuation, nel of depreciation and any impairmgnl losses. Depreciation Is rewgnised so as to wrrte off the cost or valuation of 85sels less their residual values over their useful lives on the following bases.. Plant and equipment 250/¢ on cx)st Motor vehi¢18S 25Qk on cost Thg gain or10s5 arising on the disposal of an asset is determined as the derence between Ihg sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
The charity is exempt from Corporation tsx on its charitabl$ activities.
Draft Financial Stateménts at 24 January 2024 at 17=57=34 LEGACY WM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 A¢countlng pollcles 1.7 P•nsion costs and other postwretirement benefrts IContlnu•dl The charitable company operates a defined contribution pension scherne. Contributions payable to the charitable company's pension scheme are charged to the Ststemènt of Financial Activities in the period lo whioh they relate. Donatlons and lèg¥riè Unr•strletèd Rèstridod Total Unrestricted Restricted Total funds 2023 funds 2023 fvnds 2022 fund5 2022 2023 2022 Grants and donations 28,683 535.389 564,072 19.753 461.052 480,805 Grants r•¢eivable for eor• aetlvitl¢$ Arts Council Aston Villa Foundation BBC Children In NeeLI BCHNT Big Lottory Fund Birminghaw City Council Birmingham City Council (Covid Recovery Programmel Birmingham ORG Commilee Birmingham Voluntary Service Council Birmingham Settlemènt 8irmingham Museum British Film Project Crafts Council Oon81ions Freedom 50 income Garfield Weston Foundation Heart of England Heritage Lottery Fund (Herritage Officer) Historic England Housing 21 Jewellery Quarter Development Trust Lunar Swiety Oak Foundation International Ltd 9,537 9,537 28,000 1,000 40,388 65,000 86,472 28,000 1,000 40,388 65,000 86,472 125,082 111,014 10,790 125.082 111.014 10,790 68.488 68,488 10,962 10,962 22,830 22,830 36.300 36,300 9,023 600 7.00 1.310 9,023 600 7.OOQ 1,310 21.033 3,967 21,033 3,967 19,753 19,753 30,000 30.0(X) 4,042 4,042 5fj.468 56,468 10,200 11,000 10,200 11,000 10,500 11.000 900 10,500 11,0( 3,000 50,000 3.000 50.000 7,000 7,000
Draft Flnancial Statèmonts 4t 24 January 2024 at 17'.57'.34 LEGACY WM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2023 Donatlons and l•gacl8s S8intbury Trust Icontlnuedl 3,000 3,000 Sport 8irmingham Swiss Philanthropy The Activ& Wellbeing Society The Clolhworkers Foundats'on The Mason Foundatron The Rowlands Trust Tudor Trijst Youth Badminton Othar incorne 20,500 5.000 15,713 20,500 5,000 15,713 10,000 10,000 15,000 8,000 5,000 20,000 15,000 8,000 5,000 20,000 4,000 4,000 60,000 2.322 60.000 2.322 3,683 564,072 3,683 28,683 535,389 19.753 461.052 480.805 Incomt from inv8Stm•nt$ Unr•$tri¢ted Unrestricted funds 2023 funds 2022 Interest receivable 98
Draft Flnanclal Stat•mènt$ 4t 24 January 2024 at 17.'57'.34 LEGACY WM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Charltable aetlvlti•$ Charltable Charltable Total Charltabl8 Expenditure eKpenditur¥ 2023 2023 Expenditure 2022 Depreciation and impairment 14,583 14.583 14,161 Marketing Gross wages and salaries Pènsions Project- Arts Trail Project- Flourish Project- Industrial Heritage Stronghold- Sculpture Project- LWM 12 Years Anni Event Project delivery costs Projact- Cycling Project- Freedorn 50 Project- Freedorn 50 Project- Wellbeing Sessional workers Travel and subsistence 340 248.746 9,565 8,705 185,538 19,905 340 248.746 9,565 8,705 185.538 19.905 2.195 215,501 5,823 24.510 3,441 24,000 17.699 59.132 2,240 12,281 146,834 146,834 18.087 18,087 6,831 2,652 2,891 2,016 2,691 2.016 2,691 638.923 18,087 657,C110 393.357 Share ol supwrt costs (see note 51 50,706 50,706 37,790 Share of governance costs Isee note 51 12.584 12,584 12,796 702,213 18.087 720,300 443,943 Analysls by fund Unreslricled funds Reslricled funds 18,087 18.087 702,213 702,213 443,943 7f12,213 18,087 720.300 443,943
Draft Flnanelal Stattrments at 24 January 2024 at 17'.57'.34 LEGACY WM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Support costs Support Gov•rnane• 2023 Support Governance costs costs 2022 osts 55 141 141 Bank charges 55 5.478 2,023 2,971 1,484 2,373 2,725 18 10,00 7,624 1,271 2,233 507 513 1.468 7,624 1,271 2,233 507 513 1,468 Consultancy fees Equipment expensed Insurance Motor expenses Officè Cost PrinlinglPublishing Postage Rent Repairs and maintenance Software Staff training & welfare Stationery and printing Subscriptions Temps and recruitment Uniform Venue Hire Volunteers Expense Accountancy fees 5,478 2.023 2,971 1.484 2,373 2,725 18 10,000 10,500 10,500 1,180 1,180 2,650 9,770 877 959 2,650 9,770 877 959 3,786 2,780 25 67 147 3.786 2,780 25 67 147 3.413 4,262 468 3.413 4.262 468 5,556 6,690 183 6,6 183 1,650 5,556 1,650 Audit fees Legal and professional 3.000 4.028 3,000 4,028 6,000 5,146 6,000 5,146 50,706 12.584 63,29 37,790 12,79 50,586 Analysed between 63.29 37,790 12,79 50,586 Charitable activib"&s 50.706 12.584 Trusl¢è$ None of the trustees lor any persons connected with Iheml received any remuneration or benefits dLtring the ye8r. Employees The average monthly number of employees during the year was.. 2023 2022 Nurnber Numb•r rcn nnn
Dr•ft Financial Statemants at 24 January 2024 at 17:57:34 LEGACY WM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2023 Net galnslllos$¢$) on investments Unr•strlct•d Restricted funds 2023 funds 2022 Gain/llossl on valuation of Invtrslments 13,5991 14.5151 Taxatlon The charity is exempt from taxation on its activities bec8us8 all Its income is applied for charitable purposes. 10 Tangibl• fix•d as18 Plant and Motor vehicles 8qulpmènt Total Cost Al 1 Novemb6r 2022 27.565 54.15 81.721 At 31 October 2023 27.565 54.15 81,721 Depreciation and Impalrmènt Al 1 November 2022 Depreciation charged in the year 15,961 5,557 9,026 9,026 24,987 14,583 At 31 October 2023 21,518 18,05 39,570 Carrying amount Al 31 October 2023 6,047 36.10 42.151 At 31 October 2022 9,765 45.13 54,895 11 Llsttrd Investments 2023 Falr valua At 1 November 2022 95.48 Gainl Ilossl on valuation of investments At 31 October 2023 13.5991 91,88
Draft Flnanclal Statoments at 24 January 2024 at 17:57:34 LEGACY WM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 12 DebtorB 2023 2022 Amounts falling due within one year: Other debtors 2,652 669 13 Croditors.. amounts falling due wlthln onè yoar 2023 2022 Other tax8lion and social security 8.732 6,451 Trade creditors Other creditors 4,067 112.876 151,680 125,675 158,131 14 Analysis of net a55ets between funds Unrestricted Restrlcted funds funds 2023 2023 Totsl Unrtrstri¢leO funds 2022 Restrlcted funds 2022 Total 2023 2022 Fund balances at 31 Octobèr 2023 are represented by.. Tangible assets Investrnents Current assetsllliabilitlèsl 42,151 42,151 91,886 153,0781 54.895 54,895 95,485 90,405 91,886 110,9271 95,485 70,140 142,1511 20.265 80.959 80.959 165,625 75,160 240.785 15 Related party transactions There were no disclosable related party transactions during the year12022- none).