## ## ||||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| ## ## ## ## ## ##