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LEGACY LEISURE LIMITED

Registered charity 1152401 · accounts filings on the Charity Commission register

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Latest income
£37.1m
Latest spending
£36.8m
Registered
2013
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves increased to £467,362 in 2024, reflecting a positive financial position despite challenges from wage and utility cost increases. The charity generated £36.9 million in charitable income and reported a net surplus for the year, with the auditor confirming no material uncertainties regarding its ability to continue as a going concern.

What the accounts disclose

Reserves policy: budgeted fixed costs plus committed community funded grants for the financial year following the latest approved annual financial statements (held: £467k)
“The Management Committee has retained reserves to meet its budgeted fixed costs plus committed community funded grants for the financial year following the latest approved annual financial statements and will aim to maintain them at this minimum level.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: E Holmes received £18,000 remuneration and £353 pension contributions. One trustee received £904 expense reimbursement.
“The Trustee E Holmes received remuneration amounting to £18,000 (2023: £18,000) as allowed under the governing documents of the charity for services other than being a trustee, together with pension contributions of £353 (2023: £353). None of the other trustees (or any persons connected with them) received any remuneration during the year. One Trustee was also reimbursed £904 (2023: one Trustee, £1,130) in connection with travelling, subsistence, accommodation and other expenses.” — page 27
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee remuneration
“The Trustee E Holmes received remuneration amounting to £18,000 (2023: £18,000) as allowed under the governing documents of the charity for services other than being a trustee, together with pension contributions of £353 (2023: £353). None of the other trustees (or any persons connected with them) received any remuneration during the year. One Trustee was also reimbursed £904 (2023: one Trustee, £1,130) in connection with travelling, subsistence, accommodation and other expenses.” — page 27
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Kendall Wadley LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£37.1m
Total spending
£36.8m
Reserves (reported)
£467k
Employees
560

Reported reserves equal ~0.2 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cardiff · Derbyshire · Gwynedd · Leeds City · Northamptonshire · Oxfordshire · Somerset · Vale Of Glamorgan · Wiltshire

Income and spending

Financial year endIncomeSpending
31/12/2024£37.1m£36.8m
31/12/2023£33.1m£33.1m
31/12/2022£29.6m£29.6m
31/12/2021£20.9m£20.8m
31/12/2020£25.5m£25.7m

Common questions

Is LEGACY LEISURE LIMITED financially healthy?

The accounts state that unrestricted reserves increased to £467,362 in 2024, reflecting a positive financial position despite challenges from wage and utility cost increases. The charity generated £36.9 million in charitable income and reported a net surplus for the year, with the auditor confirming no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Kendall Wadley LLP.