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2021-03-31-accounts

Page
Trustees' annual
report		 1-9
Independent
auditor's		 report to the members 10-13
Statement offinancial activities 14
Statement offinancial position 15
Statement ofcash flows 16
Notes to the financial statements 17-29

The trustees present their report report and
the financial		 and
the financial		 statements of the charity for the year ended
31 March 2021.
Reference and administrative details
Registered charity name The Bradley Lowery Foundation (referred to as BLF in the trustees'
annual
report)
Charity registration number 1174333
Principal office 52-54 Middle Street
Blackhall
TS274EA
The trustees Mrs G. L. Lowery
Mrs L. Murphy
Mrs P.Thirlaway
Mr P.C.Empson
Mrs R. Harbron Gray
Auditor Torgersens
Chartered
accountant		 &statutory auditor
Sometford
Buildings
Norfolk Street
Sunderland
SR1 1EE
Solicitor Sintons Law LLP
Barrack Road
Newcastle
upon Tyne
NE4 6DB
Bank Lloyds Bank pic
54 Fawcett Street
Sunderland
SR1 1SF

2021 2020
Unrestricted Restricted
funds funds Total funds Total funds
Note 6 6 E f
Income and endowments
Donations
and legacies		 4 104,591 354,654 459,245 939,400
Charitable
activities		 5 75,826 75,826
Other trading
activities		 6 24,642 5,213 29,855 29,033
Investment
income		 7 1,043 1,100 2,143 14,562
Total income 206,102 360,967 567,069 982,995
Expenditure
Expenditure
on raising funds:
Costs of raising donations and
legacies 8 11,749 127 11,876 29,990
Costs of other trading activities 9 162 162 35,227
Expenditure
on charitable		 activities 10,11 420,795 (27,784) 393,011 1,309,502
Total expenditure 432,706 (27,657) 405,049 1,374,719
Net income/(expenditure) and net
movement
in funds		 (226,604) 388,624 162,020 (391,724)
Transfers 22 52 879 ~52 879
Net movement
in funds		 (173,725) 335,745 162,020 (391,724)
Reconciliation
offunds
Total funds brought
forward		 1,478,659 1,539,398 3,018,057 3,409,781
Total funds carried forward 1,304,934 1,875,143 3,180,077 3,018,057

2021 2020
Note fL
Fixed Assets
Tangible fixed assets 17 11,230 12,789
Current Assets
Stocks 18 6,980
Debtors 19 17,917 12,928
Cash at bank and in hand 3,154,974 3,003,439
3,179871 3016367
Creditors: amounts falling due within one year 20 11,024 11,099
Net Current Assets 3,168,847 3,005,268
Total Assets Less Current Liabilities 3,180,077 3,018,057
Net Assets 3,180,077 3,018,057
Funds ofthe Charity
Restricted funds 1,875,143 1,539,398
Unrestricted
funds		 1,304,934 1,478,659
Total charity funds 22 3,180,077 3,018,057

STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2021
2021 2020
8
Cash Flows from Operating
Activities
Net income/(expenditure) 162,020 (391,724)
Adjustments
for:
Depreciation
oftangible fixed assets		 1,560 1,560
Other interest receivable
and similar income
Interest payable
and similar charges		 (2,143)
615		 (14,562)
1,837
Accrued (income)/expenses (7,262) 5,132
Changesin:
Stocks
Trade and other debtors		 (6,980)
2,272		 576,701
Trade and other creditors (75) 1,499
Cash generated
from operations		 150,007 180,443
Interest paid
Interest received		 (615)
2,143		 (1,837)
14,562
Net cash from operating
activities		 151,535 193,168
Cash Flows from Investing
Activities
Purchase oftangible assets (3,838)
Net cash used in investing
activities		 (3,838)
Net Increase
in Cash and Cash Equivalents
Cash and Cash Equivalents
at Beginning		 ofYear 151,535
3,003,439		 189,330
2,814,109
Cash and Cash Equivalents
at End ofYear		 3,154,974 3,003,439

4. Donations and Legacies
Unrestricted Restricted Total Funds
Funds Funds
f		 2021
f
Donations
Donations
Just giving		 received
donations		 19,354
63,841		 86,582
267,569		 105,936
331,410
Virgin money
giving
Facebook donations		 5,358
13,022		 5,358
13,022
Donr text giving 16 503 519
Grants
Grants receivable 3,000 3,000
104,591 354,654 459,245
Unrestricted Restricted Total Funds
Funds
f		 Funds
f		 2020
Donations
Donations
Just giving		 received
donations		 77,337
119,410		 160,083
546,431		 237,420
665,841
Virgin money
giving
Facebook donations		 1,757
16,523		 395
5,868		 2,152
22,391
Donr text giving 8 8
Grants
Grants receivable 1,588 10,000 11,588
216,623 722,777 939,400
5. Charitable Activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021
f		 Funds
f		 2020
f
Coronavirus Job Retention Scheme 65,826 65,826
Business Rates Grant 10,000 10,000
75,826 75,826

Unrestricted Restricted Total Funds
Funds Funds 2021
6 F 6
Fundraising events 11,702 2,597 14,299
Shop income 12,940 2,616 15,556
24,642 5,213 29,855
Unrestricted Restricted Total Funds
Funds Funds 2020
6 f 5
Fundraising events 24,223 24,223
Shop income 3,200 1,610 4,810
27,423 1,610 29,033
7. Investment Income
Unrestricted Restricted Total Funds
Funds
F		 Funds
f		 2021
9
Bank interest receivable 1,043 1,100 2,143
Unrestricted Restricted Total Funds
Funds Funds 2020
6 5 6
Bank interest receivable 8,985 5,577 14,562
8. Costs ofRaising Donations and Legacies
Unrestricted Restricted Total Funds
Funds Funds 2021
8 9
Donations - Merchandise 532 50 582
Donations -Campaigns 77 77
Donations —Just giving fees 9,821 9,821
Donations —Paypal fees 1 396 1396
11,749 127 11,876
Unrestricted Restricted Total Funds
Funds Funds 2020
6 5
Donations —Merchandise 9,083 192 9,275
Donations —Campaigns 594 594
Donations —Activities 45 45
Donations —Just giving fees 17,987 17,987
Donations —Paypal fees 589 589
Donations —Legal & professional fees 1 500 1 500
29,159 831 29,990

YE AR ENDED 31 MARCH AR ENDED 31 MARCH AR ENDED 31 MARCH AR ENDED 31 MARCH 2021
9. Costs ofOther Trading Activities
Unrestricted Restricted Total Funds
Funds
f		 Funds
6		 2021
Costs of other trading activities - Shop costs (2,370) (2,370)
Costs of other trading activities - Staging events 2,532 2,532
162 162
Unrestricted Restricted Total Funds
Funds Funds 2020
6 6 6
Costs of other trading activities - Shop costs 4,425 4,425
Costs of other trading activities - Staging events 30,289 513 30,802
34,714 513 35,227
10. Expenditure
on Charitable		 Activities by Fund Type
Unrestricted Restricted Total Funds
Funds Funds 2021
6
Supporting
fundraising
campaigns
The Bradley Lowery Foundation		 552
976		 (33,243) (32,691)
976
Funding research projects 91,667 91,667
Support service 5,459 5,459
Support costs 327,600 327,600
420,795 (27,784) 393,011
Unrestricted Restricted Total Funds
Funds Funds 2020
F 6 6
Supporting
fundraising		 campaigns 2,383 878,420 880,803
The Bradley Lowery Foundation 787 787
Funding research projects 83,333 83,333
Support service 1,254 1,254
Support costs 343,325 343,325
429,828 879,674 1,309,502

YE AR ENDED 31 MARCH AR ENDED 31 MARCH AR ENDED 31 MARCH AR ENDED 31 MARCH 2021
11. Expenditure
on Charitable		 Activities by Activity Type
Activities
undertaken Grant funding Support Total funds Total fund
directly ofactivities
E		 costs
f		 2021
6		 2020
Supporting
fundraising
campaigns (27,232) 315,960 288,728 1,186,085
The Bradley Lowery
Foundation 976 976
Funding
research
projects 91,667 91,667 83,333
Governance
costs		 11,640 11,640 40,084
(26,256) 91,667 327,600 393,011 1,309,502
12. Analysis ofSupport Costs
The Charity
initially		 identiTies the costs of its support functions.
Itthen		 identifies those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with
the governance
costs are apportioned
between
the three
key charitable
activities
undertaken
(see note 11)in the year. The table below shows the apportionment
based
on 60% supporting
fundraising
campaigns,
10% holiday
home
and
30% Bradley
Lowery
Foundation.
Analysis of Analysis of
support costs- support costs-
supporting Analysis of Bradley
fundrsising support costs- Lowery
campaigns holiday home
5		 Foundationf Tote I2021
E		 Total 2020
6
Staff costs
premises
Communications
and
General oflice
Governance
costs		 IT 141,814
9,943
2,442
13,084
5,984		 18,383
1,657
409
2,181
1,164		 100,793
4,971
1,221
5,544
3,492		 260,990
16,571
4,072
21,809
11,840		 221,079
15,035
9,173
26,311
40,084
Support costs - Insurance
Suppott costs - Legal
Support costs - Travel
Support costs - Bank		 5,272
213
39		 879
1,171
7		 2,636
107
19		 8,787
1,491
65		 4,981
4,595
18,648
charges and interest
Support costs-		 369 62 615 1,837
Depreciation
Support costs - Foreign		 936 156 468 1,560 1,580
exchange
gainRoss		 22
181,096 26,069 120,435 327,600 343,325

13. Analysis of Grants
2021
f		 2020
Grants to Institutions
Grants to institutions 91,667 83,333
Grants to Individuals
Grants to individuals 668
Total grants 91,667 84,001
14. Net Income/(Expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2021
f		 2020
f
Depreciation
oftangible		 fixed assets 1,560 1,560
Foreign exchange
differences		 22
15. Staff Costs
The total staff costs and employee benefits for the reporting period are analysed
as follows:
2021
f		 2020
f
Wages and salaries 235,117 198,816
Social security costs 19,001 14,749
Employer
contributions		 to pension plans 6,872 5,833
Other employee
benefits		 1,682
260,990 221,080
The average head count ofemployees during the year was 9(2020:8).
The number
of employees		 whose remuneration for the year fell within the followings bands,
were: 2021 2020
No. No.
Key Management
Personnel

Freehold Fixtures and
property fittings Equipment Total
6 6
Cost
At 1 April 2020 and 31 March 2021 3,770 7,865 3,965 15,600
Depreciation
At 1 April 2020 754 1,422 635 2,811
Charge for the year 377 786 396 1,559
At 31 March 2021 1,131 2,208 1,031 4,370
Carrying
amount
At 31 March 2021 2,639 5,657 2,934 11,230
At 31 March 2020 3,016 6,443 3,330 12,789
18. Stocks
2021
8		 2020
f
Raw materials and consumables 6,980
19. Debtors
2021 2020
Trade debtors 6,644 4,517
Prepayments and accrued income 11,273 3,651
Other debtors 4,760
17,917 12,928

Creditors: amounts
f		 alling due within one year
2021
f		 2020
f
Accruals and deferred income 9,600 9,600
Other creditors 1,424 1,499
11,024 11,099

Unrestricte d funds At
At 31 March 20
1 April 2020
f		 Income
f		 Expenditure
f		 Transfers
F		 21
f
General funds 1,204,803 202,886 (312,572) 52,879 1,147,996
Designated Fund-
closed bank accounts 316 316
Designated Fund-
holiday home 56,873 3,216 (28,467) 31,622
Designated Fund-
Neuroblastoma
UK
Research 116,667 (91,667) 25,000
Designated Fund-
Childhood Cancer
Research 50,000 50,000
Designated fund - BLF
Support Service 50,000 50,000
1,478,659 206,102 (432,706) 52,879 1,304,934
At
At 31 March 20
1 April 2019
f		 Income
f		 Expenditure
f		 Transfers
f		 20
F
General funds 1,213,441 253,031 (383,876) 122,207 1,204,803
Designated Fund-
closed bank accounts 316 316
Designated Fund-
holiday
home		 83,365 (26,492) 56,873
Designated Fund-
Neuroblastoma
UK
Research 200,000 (83,333) 116,667
Designated Fund-
Childhood Cancer
Research 50,000 50,000
Designated fund - BLF
Support Service 50,000 50,000
1,596,806 253,031 (493,701) 122,523 1,478,659

Restricte d funds
At
At 31 March 20
1 April 2020
f		 Income
F		 Expendituref Transfers 21
Restricted Fund-
Holiday
Home
Restricted
Fund-		 161,833 61,934 223,767
Children's
Restricted		 campaigns
fund - BLF		 1,345,112 294,132 33,146 (52,879) 1,619,511
Support Service 10,090 12 (5,459) 4,643
Restricted fund - BLF
Research
Restricted		 Fund
Fund—		 22,363 4,889 27,252
Supporting Campaigns (30) (30)
1,539,398 360,967 27,657 (52,879) 1,875,143
At
At 31 March 20
1 April 2019 Income Expendituref Transfers 20
f
Restricted Fund-
Holiday
Home
Restricted Fund-		 125,525 36,308 161,833
Children's
Restricted		 campaigns
fund - BLF		 1,678,714 668,598 (879,764) (122,436) 1,345,112
Support Service
Restricted Fund-		 463 10,881 (1,254) 10,090
Memorial
Restricted		 project
fund - BLF		 87 (87)
Research Fund 8,186 14,177 22,363
1,812,975 729,964 (881,018) (122,523) 1,539,398