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REGISTERED NUMBER: 04340249 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Institute of Legacy Management |

| Institute of Legacy Management (Registered number: 04340249) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Statement of Comprehensive Income | 2 |

| Balance Sheet | 3 |

| Statement of Changes in Equity | 5 |

| Notes to the Financial Statements | 6 |

| Institute of Legacy Management |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | J Stebbings

| B Clubb

| R W Billen

| D R Hawes

| R L Massey

| REGISTERED OFFICE: | Old Printers Yard

| 156 South Street

| Dorking

| Surrey

| RH4 2HF

| BUSINESS ADDRESS:

| 57 Queen's Park Road

| Birmingham

| B32 2LB

| REGISTERED NUMBER: | 04340249 (England and Wales)

| ACCOUNTANTS: | Bullimores LLP

| Chartered Accountants

| Old Printers Yard

| 156 South Street

| Dorking

| Surrey

| RH4 2HF

| BANKERS: | Metro

| One Southampton Row

| London

| WC1B 5HA

| Institute of Legacy Management (Registered number: 04340249) |

Statement of Comprehensive

Income

for the Year Ended 31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

TURNOVER | 429,753 |  | 417,732 |  |

Cost of sales | 112,195 |  | 81,798 |  |

GROSS SURPLUS | 317,558 |  | 335,934 |  |

Administrative expenses | 369,386 |  | 374,056 |  |

OPERATING DEFICIT | (51,828 | ) | (38,122 | ) |

Income from fixed asset investments | 858 |  | - |  |

Interest receivable and similar income | (87 | ) | 1,252 |  |

|  | 771 |  |  |  | 1,252 |  |

(51,057 | ) | (36,870 | ) |

Interest payable and similar expenses | - |  | 10 |  |

DEFICIT BEFORE TAXATION | 4 | (51,057 | ) | (36,880 | ) |

Tax on deficit | 573 |  | 2,112 |  |

DEFICIT FOR THE FINANCIAL YEAR | (51,630 | ) | (38,992 | ) |

OTHER COMPREHENSIVE INCOME |

Fixed Asset investment revaluation | 3,458 |  | 6,326 |  |

Income tax relating to other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | 3,458 |  | 6,326 |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (48,172 | ) |

Prior year adjustment | (35,456 | ) |

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT | (68,122 | ) |

| Institute of Legacy Management (Registered number: 04340249) |

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 580 |  | 941 |  |

Investments | 7 | 93,612 |  | 85,826 |  |

94,192 |  | 86,767 |  |

CURRENT ASSETS

Debtors | 8 | 56,585 |  | 78,852 |  |

Prepayments and accrued income | 42,960 |  | 10,166 |  |

Cash at bank | 67,208 |  | 70,569 |  |

166,753 |  | 159,587 |  |

CREDITORS

Amounts falling due within one year | 9 | 269,780 |  | 207,589 |  |

NET CURRENT LIABILITIES | (103,027 | ) | (48,002 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (8,835 | ) | 38,765 |  |

PROVISIONS FOR LIABILITIES | 10 | 1,856 |  | 1,284 |  |

NET (LIABILITIES)/ASSETS | (10,691 | ) | 37,481 |  |

RESERVES

Other reserves | 11 | 19,403 |  | 19,403 |  |

Income and expenditure account | 11 | (30,094 | ) | 18,078 |  |

(10,691 | ) | 37,481 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| Institute of Legacy Management (Registered number: 04340249) |

Balance Sheet - continued

31 December 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2026 and were signed on its behalf by:

D R Hawes - Director

J Stebbings - Director

| Institute of Legacy Management (Registered number: 04340249) |

Statement of Changes in Equity

for the Year Ended 31 December 2025

| Retained |  | Other |  | Total

| earnings |  | reserves |  | equity

£ | £ | £ |

Balance at 1 January 2024 | 86,200 |  | 19,403 |  | 105,603 |  |

Prior year adjustment | (35,456 | ) | - |  | (35,456 | ) |

As restated | 50,744 |  | 19,403 |  | 70,147 |  |

Changes in equity

Total comprehensive income | (32,666 | ) | - |  | (32,666 | ) |

Balance at 31 December 2024 | 18,078 |  | 19,403 |  | 37,481 |  |

Changes in equity

Total comprehensive income | (48,172 | ) | - |  | (48,172 | ) |

Balance at 31 December 2025 | (30,094 | ) | 19,403 |  | (10,691 | ) |

| Institute of Legacy Management (Registered number: 04340249) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Institute of Legacy Management is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Incorporated on 14 December 2001, the company is limited by guarantee and does not have share capital. Every member promises, if the company is dissolved while he, she or it remains a member or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilities incurred by the company while the contributor was a member.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Despite the company reporting net liabilities at the balance sheet date, the directors have reviewed the company’s cash flow forecasts, expected levels of activity and future income streams, together with the overall risk profile of the business. Based on this assessment, the directors have a reasonable expectation that the company will continue to operate and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements. Accordingly, the financial statements have been prepared on the going concern basis.

| Turnover

| Turnover represents membership subscriptions, sponsorship and web advertising income and fees for training courses, seminars and conferences. Individual membership and Corporate Partnership subscriptions are invoiced on an annual basis with income recognised on over the period it relates to. Fees for training courses and seminars are recognised as invoiced amounts as they fall due.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer Equipment - 25% on Cost

| Computer Software - 20% on Cost

| Fixtures and Fittings - 20% on Cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Institute of Legacy Management (Registered number: 04340249) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

| The company contributes to a defined contributions scheme operated by the Pensions Trust. Contributions payable to The Pensions Trust are charged to the profit and loss account in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| 31.12.25 |  | 31.12.24

£ | £ |

| Wages and salaries | 184,478 |  | 172,375 |  |

| Social security costs | 8,859 |  | 12,942 |  |

| Other pension costs | 26,898 |  | 22,297 |  |

220,235 |  | 207,614 |  |

| The average number of employees during the year was as follows:

| 31.12.25 |  | 31.12.24

| Management and Administration | 5 |  | 5 |  |

| The 7 (2024: 8) Non-Executive Directors also receive an annual stipend of £3,000, the Chair and Finance Director receiving £5,000.

4. | DEFICIT BEFORE TAXATION

| The deficit is stated after charging:

| 31.12.25 |  | 31.12.24

£ | £ |

| Depreciation - owned assets | 361 |  | 541 |  |

| Computer software amortisation | - |  | 2,995 |  |

| Institute of Legacy Management (Registered number: 04340249) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

5. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 January 2025 | 14,975 |  |

| Disposals | (14,975 | ) |

| At 31 December 2025 | - |  |

| AMORTISATION

| At 1 January 2025 | 14,975 |  |

| Eliminated on disposal | (14,975 | ) |

| At 31 December 2025 | - |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

6. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 228 |  | 14,064 |  | 14,292 |  |

| Disposals | - |  | (2,550 | ) | (2,550 | ) |

| At 31 December 2025 | 228 |  | 11,514 |  | 11,742 |  |

| DEPRECIATION

| At 1 January 2025 | 228 |  | 13,123 |  | 13,351 |  |

| Charge for year | - |  | 361 |  | 361 |  |

| Eliminated on disposal | - |  | (2,550 | ) | (2,550 | ) |

| At 31 December 2025 | 228 |  | 10,934 |  | 11,162 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 580 |  | 580 |  |

| At 31 December 2024 | - |  | 941 |  | 941 |  |

7. | FIXED ASSET INVESTMENTS

| 31.12.25 |  | 31.12.24

£ | £ |

| Other investments not loans | 93,612 |  | 85,826 |  |

| Institute of Legacy Management (Registered number: 04340249) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

7. | FIXED ASSET INVESTMENTS - continued

| Additional information is as follows:

| Other

| investments

£ |

| COST OR VALUATION

| At 1 January 2025 | 85,826 |  |

| Additions | 84,000 |  |

| Disposals | (80,692 | ) |

| Revaluations | 3,458 |  |

| At 31 December 2025 | 92,592 |  |

| NET BOOK VALUE

| At 31 December 2025 | 92,592 |  |

| At 31 December 2024 | 85,826 |  |

| Cost or valuation at 31 December 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2016 | 49,619 |  |

| Valuation in 2017 | 1,910 |  |

| Valuation in 2018 | (3,697 | ) |

| Valuation in 2019 | 34,517 |  |

| Valuation in 2020 | (420 | ) |

| Valuation in 2021 | 2,963 |  |

| Valuation in 2022 | (18,354 | ) |

| Valuation in 2023 | 12,271 |  |

| Valuation in 2024 | 7,017 |  |

| Valuation in 2025 | 6,766 |  |

92,592 |  |

| If fixed asset investments had not been revalued they would have been included at the following historical cost:

| 31.12.25 |  | 31.12.24

£ | £ |

| Cost | 85,168 |  | 80,692 |  |

| Fixed asset investments were valued on an open market basis on 31 December 2025 by Charles Stanley & Co Limited .

| Investments (neither listed nor unlisted) were as follows:

| 31.12.25 |  | 31.12.24

£ | £ |

| Charles Stanley Cash Account | 1,020 |  | - |  |

| Institute of Legacy Management (Registered number: 04340249) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 56,518 |  | 73,064 |  |

| Other debtors | 67 |  | 1,761 |  |

| VAT | - |  | 4,027 |  |

56,585 |  | 78,852 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 47,443 |  | 10,303 |  |

| Tax | - |  | 238 |  |

| Social security and other taxes | 4,622 |  | 3,116 |  |

| VAT | 7,955 |  | - |  |

| Other creditors | 2,056 |  | 2,298 |  |

| Accruals | 21,623 |  | 22,962 |  |

| Deferred income | 186,081 |  | 168,672 |  |

269,780 |  | 207,589 |  |

10. | PROVISIONS FOR LIABILITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax | 1,856 |  | 1,284 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 1,284 |  |

| Provided during year | 572 |  |

| Balance at 31 December 2025 | 1,856 |  |

| Institute of Legacy Management (Registered number: 04340249) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

11. | RESERVES

| Income |

| and |

| expenditure |  | Other |

| account |  | reserves |  | Totals

£ | £ | £ |

| At 1 January 2025 | 18,078 |  | 19,403 |  | 37,481 |  |

| Deficit for the year | (51,630 | ) | - |  | (51,630 | ) |

| Revaluation | 3,458 |  | - |  | 3,458 |  |

| At 31 December 2025 | (30,094 | ) | 19,403 |  | (10,691 | ) |

| Prior to incorporation, the Institute traded as a members club. 'Other reserves' represents the surplus assets that were earned as a members' club prior to incorporation.

12. | OTHER FINANCIAL COMMITMENTS

| Company has entered into a contractor agreement with Sheep CRM for the provision of CRM services.

| The agreement includes a fixed monthly service charge of £599, payable until March 2026, after which it continues on a rolling monthly basis. Costs are recognised in profit or loss as incurred. Sheep CRM is not considered a related party.

13. | RELATED PARTY DISCLOSURES

| Straight PR limited a company which AJ Dewar is a director and shareholder, provided PR campaign services during the year totalling £15,943 (2024 £16,989). There was £1,920 (2024:£2,880) due to this related party at the year end.

14. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party.