THE LEGACY LIST

Charity number: 1142684
Removed charity

Charity overview

Activities - how the charity spends its money

THE LEGACY LIST WILL SUPPORT THE LONG TERM CULTURAL, SOCIAL AND PHYSICAL REGENERATION OF LONDON'S FUTURE QUEEN ELIZABETH OLYMPIC PARK AND SURROUNDINGS. IT WILL HELP DELIVER THE CULTURAL AND EDUCATIONAL LEGACY FACILITATING, FINDING AND FUNDING IMAGINATIVE PROGRAMMES, PROJECTS AND PARTNERSHIPS MAKING CREATIVE CONNECTIONS BETWEEN PEOPLE AND THE PARK. ITS FOCUS IS ARTS, CULTURE, EDUCATION AND SKILLS.

Income and expenditure

Data for financial year ending 31 March 2015

Total income:
£1,080,766

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Donations and legacies £1.08m
Charitable activities £0
Other trading activities £0
Investments £130
Other £0

Total expenditure:
£1,111,674

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Raising funds £0
Charitable activities £923.16k
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £188.51k
Charitable expenditure £923.16k

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Arts/culture/heritage/science
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Sponsors Or Undertakes Research
  • Other Charitable Activities
Where the charity operates:
  • Throughout London

Governance

Registration history:
  • 04 July 2011: Standard registration
  • 03 May 2016: Removed (Amalgamated)
  • 03 May 2016: Funds transferred to 1160948 Foundation For Future London
Organisation type:
Charitable company
Other names:

No other names

Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2012 31/03/2013 31/03/2014 31/03/2015
Total gross income £398.31k £876.05k £1.01m £1.08m
Total expenditure £261.73k £737.25k £747.06k £1.11m
Income from government contracts N/A N/A N/A £0
Income from government grants N/A N/A N/A £0
Income - Donations and legacies N/A £639.92k £617.76k £1.08m
Income - Other trading activities N/A £236.13k £392.70k £0
Income - Charitable activities N/A £0 £0 £0
Income - Endowments N/A £0 £0 £0
Income - Investment N/A £0 £0 £130
Income - Other N/A £0 £0 £0
Income - Legacies N/A £0 £0 £0
Expenditure - Charitable activities N/A £474.78k £460.52k £923.16k
Expenditure - Raising funds N/A N/A N/A N/A
Expenditure - Governance N/A £23.89k £46.74k £54.95k
Expenditure - Grants institution N/A £0 £0 £0
Expenditure - Investment management N/A £0 £0 £0
Expenditure - Other N/A £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2012 31/03/2013 31/03/2014 31/03/2015
Own use assets N/A £0 £0 £0
Long-term investments N/A £0 £0 £0
Other assets N/A £320.78k £585.65k £544.61k
Defined benefit pension scheme asset or liability N/A £0 £0 £0
Total liabilities N/A £45.41k £46.89k £36.76k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 08 April 2016 Not submitted
Accounts and TAR 08 April 2016 Not submitted
Annual return 31 March 2015 28 January 2016 On time
Accounts and TAR 31 March 2015 28 January 2016 On time
Annual return 31 March 2014 28 January 2015 On time
Accounts and TAR 31 March 2014 02 October 2014 On time
Annual return 31 March 2013 28 January 2014 On time
Accounts and TAR 31 March 2013 14 November 2013 On time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 11/05/2011 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 16/08/2011 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 29/08/2013

Charitable objects

TO PROMOTE ACCESS TO AND ENJOYMENT OF THE OPEN SPACE AT THE QUEEN ELIZABETH OLYMPIC PARK AND ITS USE FOR LEISURE SPORT RECREATIONAL AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF LOCAL COMMUNITIES AND THE WIDER PUBLIC. TO ADVANCE THE ARTS AND CULTURE AT THE PARK AND SURROUNDING AREAS FOR THE BENEFIT OF THE PUBLIC BY: (A) THE ACQUISITION AND DISPLAY OF ART WITHIN THE PARK AND SURROUNDING AREA; AND (B) THE PRESENTATION OF AND SUPPORT FOR PERFORMANCES, EXHIBITIONS, EDUCATION PROGRAMMES AND EVENTS AND THE UNDERTAKING OF OTHER ARTISTIC AND CULTURAL ACTIVITIES WITHIN THE PARK AND SURROUNDING AREA. TO PROMOTE SUSTAINABLE DEVELOPMENT AT THE PARK AND SURROUNDING AREA FOR THE BENEFIT OF THE PUBLIC BY: (A) THE PROMOTION OF SUSTAINABLE MEANS OF ACHIEVING ECONOMIC GROWTH AND REGENERATION IN AND AROUND THE PARK; (B) THE PRESERVATION, CONSERVATION AND THE PROTECTION OF THE ENVIRONMENT OF THE PARK AND THE PRUDENT USE OF ITS RESOURCES; IN THIS ARTICLE SUSTAINABLE DEVELOPMENT MEANS DEVELOPMENT WHICH MEETS THE NEEDS OF THE PRESENT WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR OWN NEEDS. TO EDUCATE, ENGAGE AND INFORM LOCAL COMMUNITIES AND THE WIDER PUBLIC ABOUT THE PAST, PRESENT AND FUTURE HERITAGE OF THE PARK AND THE ROLE AND VALUE OF THE PARK TO SOCIETY.