| Page | |||
|---|---|---|---|
| Trustees' | annual report |
1-8 | |
| Independent auditor's |
report to the members | 9-12 | |
| Statement | offinancial | activities | 13 |
| Statement | offinancial | position | |
| Statement | of cash flows | 15 | |
| Notes to | the financial statements | 16-28 |
| Registered | charity | name | The Bradley Lowery Foundation | The Bradley Lowery Foundation | The Bradley Lowery Foundation | |
|---|---|---|---|---|---|---|
| Chaffity 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 accountants |
&statutory | auditor | ||||
| Somerford Buildings |
||||||
| Norfolk Street | ||||||
| Sunderland | ||||||
| SR1 1EE |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | 6 | 6 | ||||||
| Income and endowments | ||||||||
| Donations and legacies |
4 | 189,519 | 418,279 | 607,798 | 459,245 | |||
| Charitable activities |
5 | 42,918 | 42,918 | 75,826 | ||||
| Other trading activities |
6 | 20,770 | 2,892 | 23,662 | 29,855 | |||
| Investment income |
7 | 129 | 194 | 323 | 2,143 | |||
| Total income | 253,336 | 421,365 | 674,701 | 567,069 | ||||
| Expenditure | ||||||||
| Expenditure on raising funds: |
||||||||
| Costs of raising | donations | and | ||||||
| legacies | 8 | 16,477 | 16,477 | 11,876 | ||||
| Costs ofother | trading | activities | 9 | 17,289 | 13,117 | 30,406 | 162 | |
| Expenditure on charitable |
activities | 10,11 | 375,548 | 304,596 | 680,144 | 393,011 | ||
| Total expenditure | 409,314 | 317,713 | 727,027 | 405,049 | ||||
| Transfers | 27,881 | (27,881) | ||||||
| Net (expenditure)/Income | and | net | ||||||
| movement in funds |
(128,097) | 75,771 | (52,326) | 162,020 | ||||
| Reconciliation offunds |
||||||||
| Total funds brought | forward | 1,304,934 | 1,875,143 | 3,180,077 | 3,018,057 | |||
| Total funds carried | forward | 1,176,837 | 1,950,914 | 3,127,751 | 3,180,077 |
| THE BRADLEY STATEMENT OF 31 MARCH 2022 |
LOWERY FOUNDATION FINANCIAL POSITION |
|||
|---|---|---|---|---|
| Note | 2022 8 |
2021 f |
||
| Fixed Assets Tangible fixed assets |
18 | 9,669 | 11,230 | |
| Current Assets Stocks Debtors Cash at bank and in hand |
19 20 |
4,745 16,292 3,108,450 |
6,980 17,917 3,154,974 |
|
| 3,129,487 | 3,179,871 | |||
| Creditors: amounts | falling due within one year | 21 | 11,405 | 11,024 |
| Net Current Assets | 3,118,082 | 3,168,847 | ||
| Total Assets Less Current Liabilities | 3,127,751 | 3,180,077 | ||
| Net Assets | 3,127,751 | 3,180,077 | ||
| Funds ofthe Charity Restricted funds Unrestricted funds |
1,950,914 1,176,837 |
1,875,143 1,304,934 |
||
| Total charity funds | 23 | 3,127,751 | 3,180,077 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 8 | ||||
| Cash Flows from Operating | Activities | |||
| Net (expenditure)/income | (52,326) | 162,020 | ||
| Adjustments for: |
||||
| Depreciation oftangible fixed assets |
1,561 | 1,560 | ||
| Other interest receivable and similar income |
(323) | (2,143) | ||
| Interest payable | and similar charges | 1,249 | 615 | |
| Accrued income | and expenses | (748) | (7,262) | |
| Changes in: |
||||
| Stocks | 2,235 | (6,980) | ||
| Trade and other | debtors | 2,757 | 2,272 | |
| Trade and other | creditors | (3) | (75) | |
| Cash generated | from operations | (45,598) | 150,007 | |
| Interest paid | (1,249) | (615) | ||
| Interest received | 323 | 2,143 | ||
| Net cash (used in)ifrom operating activities |
(46,524) | 151,535 | ||
| Net (Decrease)llncrease in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning ofYear |
(46,524) "3,154,974 |
151,535 3,003,439 |
||
| Cash and Cash | Equivalents | at End ofYear | 3,108,450 | 3,154,974 |
| discounted present value basis. The un the period in which it arises. |
winding of the discount is rec |
ognised as |
an expense in |
|---|---|---|---|
| Donations and Legacies |
Unrestricted | Restricted | Total Funds |
| Funds F |
Funds f |
2022 f |
|
| Donations Donations received Just giving donations Virgin money giving Facebook donations Donr text giving |
56,998 118,413 1,909 10,797 1,402 |
93,569 314,216 131 363 |
150,567 432,629 1,909 10,928 1,765 |
| Grants Grants receivable |
10,000 | 10,000 | |
| 189,519 | 418,279 | 607,798 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| f | |||
| Donations Donations received Just giving donations Virgin money giving Facebook donations Donr text giving |
19,354 63,841 5,358 13,022 16 |
86,582 267,569 503 |
105,936 331,410 5,358 13,022 519 |
| Grants Grants receivable |
3,000 | 3,000 | |
| 104,591 | 354,654 | 459,245 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |||||||
| 6 | 8 | 6 | ||||||||
| Coronavirus | Job Retention | Scheme | 42,918 | 42,918 | 65,826 | 65,826 | ||||
| Business | Rates Grant | 10,000 | 10,000 | |||||||
| 42,918 | 42,918 | 75,826 | 75,826 | |||||||
| 6. | Other Trading | Activities | ||||||||
| Unrestricted | Restricted | Total Funds | ||||||||
| Funds | Funds | 2022 | ||||||||
| 6 | f | 6 | ||||||||
| Fundraising | events | 19,121 | 1,232 | 20,353 | ||||||
| Shop income | 1,581 | 1,660 | 3,241 | |||||||
| Enthuse | fundraising | donations | 68 | 68 | ||||||
| 20,770 | 2,892 | 23,662 | ||||||||
| Unrestricted | Restncted | Total Funds | ||||||||
| Funds f |
Funds | 2021 | ||||||||
| Fundraising | events | 11,702 | 2,597 | 14,299 | ||||||
| Shop income | 12,940 | 2,616 | 15,556 | |||||||
| Enthuse | fundraising | donations | ||||||||
| 24,642 | 5,213 | 29,855 | ||||||||
| 7. | Investment | Income | ||||||||
| Unrestricted | Restricted | Total Funds | ||||||||
| Funds | Funds | 2022 | ||||||||
| 6 | ||||||||||
| Bank interest | receivable | 129 | 194 | 323 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||||
| Funds | Funds | 2021 | ||||||||
| 6 | ||||||||||
| Bank interest | receivable | 1,043 | 1,100 | 2,143 |
| Costs of | Raising Donations | and Lega | cies | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| Donations | —Merchandise | 3,481 | 3,481 | |||
| Donations Donations Donations |
—Campaigns —Just Giving fees —Paypal fees |
12,788 208 |
12,788 208 |
|||
| 16,477 | 16,477 | |||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds f |
Funds f |
2021 f |
||||
| Donations | —Merchandise | 532 | 50 | 582 | ||
| Donations —Campaigns Donations —Just Giving fees Donations —Paypal fees |
9,821 1,396 |
77 | 77 9,821 1,396 |
|||
| 11,749 | 127 | 11,876 | ||||
| Costs of | Other Trading Activities | |||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds f |
Funds f |
2022 f |
||||
| Costs of Costs of |
other trading activities - Shop costs other trading activities - Staging events |
2,236 15,053 |
13,117 | 2,236 28,170 |
||
| 17,289 | 13,117 | 30,406 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds f |
2021 | ||||
| Costs of Costs of |
other trading activities - Shop costs other trading activities- Staging events |
(2,370) 2,532 |
(2,370) 2,532 |
|||
| 162 | 162 | |||||
| Expenditure on Charitable |
Activities | by Fund Type | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 f |
||||
| Supporting fundraising campaigns |
67 | 47,639 | 47,706 | |||
| The Bradley Lowery Foundation Holiday home Funding research projects Support Service Support costs |
4,048 19,887 351,546 |
6,457 250,015 383 102 |
10,505 269,902 383 351,648 |
|||
| 375,548 | 304,596 | 680,144 |
| Expendi | ture on Cha |
ritable Activities by F |
und Type (continued) | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| 6 | |||||
| Supporting fundraising The Bradley Lowery |
campaigns Foundation |
552 976 |
(33,243) | (32,691) 976 |
|
| Holiday Funding Support Support |
home research projects Service costs |
91,667 327,600 |
5,459 | 91,667 5,459 327,600 |
|
| 420,795 | (27,784) | 393,011 |
| Expenditure | on Charita | ble Activities |
by Activity Type | |||
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Grant funding | Support | Total funds | Total fund | ||
| directly | ofactivities | costs | 2022 | 2021 | ||
| 6 | 6 | 6 | E | 6 | ||
| Supporting campaigns |
fundraising | 48,090 | 330,937 | 379,027 | 288,728 | |
| Holiday home | 10,505 | 10,505 | ||||
| The Bradley | Lowery | |||||
| Foundation | 976 | |||||
| Funding research |
||||||
| projects | 269,901 | 269,901 | 91,667 | |||
| Governance | costs | 20,711 | 20,711 | 11,640 | ||
| 58,595 | 269,901 | 351,648 | 680,144 | 393,011 |
| Analysis ofSupport Costs | Analysis ofSupport Costs | Analysis ofSupport Costs | ||||||
|---|---|---|---|---|---|---|---|---|
| The Charity initially identifies the costs of |
its support functions. It then |
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 | Analysis of |
support costs | ||||||
| -supporting support costs |
- Bradley | |||||||
| fundraising | - holiday | Lowery | ||||||
| campaignsf | home | Foundation F |
Total 2022 6 |
Total 2021 | ||||
| Staff costs Premises Communications and General office Governance costs |
IT | 133,196 9,419 9,650 15,932 12,426 |
17,534 1,570 1,608 2,655 2,071 |
94,892 4,710 4,825 7,966 6,214 |
245,622 15,699 16,083 26,553 20,711 |
260,990 16,571 4,072 21,809 11,640 |
||
| Support costs- Insurance Support costs - Legal Support costs - Travel |
5,501 8,534 466 |
917 1,422 233 |
2,751 4,267 78 |
9,169 14,223 777 |
8,787 1,491 65 |
|||
| Support costs - Bank charges and interest |
687 | 115 | 448 | 1,250 | 615 | |||
| Support costs- Depreciation |
937 | 156 | 468 | 1,561 | 1,560 | |||
| 196,748 | 28,281 | 126,619 | 351,648 | 327,600 | ||||
| Analysis ofGrants | ||||||||
| 2022 | 2021 | |||||||
| fL | F | |||||||
| Grants to Institutions | ||||||||
| Grants to institutions | 269,901 | 91,667 | ||||||
| Total grants | 269,901 | 91,667 |
| 14. | Net (Expenditure)/Incom | Net (Expenditure)/Incom | e | ||
|---|---|---|---|---|---|
| Net (expenditure)/income | is stated after charging/(crediting): | 2022 | 2021 | ||
| f | |||||
| Depreciation | oftangible | fixed assets | 1,561 | 1,560 | |
| 15. | Auditor's Remuneration |
||||
| 2022 | 2021 | ||||
| 8 | f | ||||
| Fees payable | for the audit ofthe financial statements | 10,368 | 11,340 |
| Staff Costs | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | pediod are analysed as |
follows: |
| 2022 | 2021 | |||
| 8 | 8 | |||
| Wages and salaries | 219,921 | 235,117 | ||
| Social security costs | 18,215 | 19,001 | ||
| Employer contributions |
to pension | plans | 6,361 | 6,872 |
| Other employee benefits |
1,125 | |||
| 245,622 | 260,990 |
| The average | head count o | femployees during t |
he year was 7(2021:9). | |
|---|---|---|---|---|
| The number | ofemployees | whose remuneration | for the year fell within the following | bands, were: |
| 2022 | 2021 | |||
| No. | No. | |||
| f60000to | 869999 | 1 | 1 |
| YEA | R ENDED 31 MARCH 2022 | R ENDED 31 MARCH 2022 | R ENDED 31 MARCH 2022 | ||||
|---|---|---|---|---|---|---|---|
| 18. | Tangible Fixed Assets |
||||||
| Freehold | Fixtures and | ||||||
| property | fittings 6 |
Equipment | Total f |
||||
| Cost | |||||||
| At1 April 2021 and 31March 2022 | 3,770 | 7,865 | 3,965 | 15,600 | |||
| Depreciation At 1 April 2021 |
1,131 | 2,208 | 1,031 | 4,370 | |||
| Charge for the | year | 377 | 787 | 397 | 1,561 | ||
| At 31 March 2022 | 1,508 | 2,995 | 1,428 | 5,931 | |||
| Carrying amount At 31 March 2022 |
2,262 | 4,870 | 2,537 | 9,669 | |||
| At 31 March 2021 | 2,639 | 5,657 | 2,934 | 11,230 | |||
| 19. | Stocks | ||||||
| 2022 | 2021 | ||||||
| 8 | 6 | ||||||
| Raw materials | and consumables | 4,745 | 6,980 | ||||
| 20. | Debtors | ||||||
| 2022 | 2021 f |
||||||
| Trade debtors | 4,076 | 6,644 | |||||
| Prepayments and accrued income |
12,216 | 11,273 | |||||
| 16,292 | 17,917 | ||||||
| 21. | Creditors: amounts | falling due within | one year | ||||
| 2022 | 2021 | ||||||
| F | |||||||
| Accruals and deferred | income | 9,984 | 9,600 | ||||
| Other creditors | 1,421 | 1,424 | |||||
| 11,405 | 11,024 | ||||||
| 22. | Pensions and |
Other | Post Retirement | Benefits |
| At | ||||||||
|---|---|---|---|---|---|---|---|---|
| At | 31 March 20 | |||||||
| 1 April 2021 | Income f |
Expenditure 6 |
Transfers 6 |
22 | ||||
| General funds | 1,147,996 | 253,336 | (360,472) | 28,197 | 1,069,057 | |||
| Designated | Fund- | |||||||
| closed bank accounts | 316 | (316) | ||||||
| Designated | Fund- | |||||||
| holiday home |
31,622 | (32,175) | (553) | |||||
| Designated | Fund- | |||||||
| Neuroblastoma | UK | |||||||
| Research | 25,000 | (16,667) | 8,333 | |||||
| Designated | Fund- | |||||||
| Childhood | Cancer | |||||||
| Research | 50,000 | 50,000 | ||||||
| Designated | fund | - BLF | ||||||
| Support Service | 50,000 | 50,000 | ||||||
| 1,304,934 | 253,336 | (409,314) | 27,881 | 1,176,837 | ||||
| At | ||||||||
| At | 31 March 20 | |||||||
| 1 April 2020 6 |
Income | Expendituref | Transfers | 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 |
| Restricted | funds | |||||
|---|---|---|---|---|---|---|
| At | ||||||
| At | 31 March 20 | |||||
| 1 April 2021 f |
Income f |
Expenditure | Transfers F |
22 f |
||
| Restricted | Fund- | |||||
| Holiday Home |
223,767 | 19,401 | (6,457) | 70,000 | 306,711 | |
| Restricted | Fund- | |||||
| Children's | campaigns | 1,619,511 | 396,509 | (295,002) | (97,881) | 1,623,137 |
| Restricted | fund - BLF | |||||
| Support Service | 4,643 | (383) | 4,260 | |||
| Restricted | fund - BLF | |||||
| Research | Fund | 27,252 | 5,455 | (15,871) | 16,836 | |
| Restricted | fund— | |||||
| Supporting | Campaigns | (30) | (30) | |||
| 1,875,143 | 421,365 | (317,713) | (27,881) | 1,950,914 | ||
| At | ||||||
| At | 31 March 20 | |||||
| 1 April 2020 f |
Income | Expenditure f' |
Transfers | 21 f |
||
| Restricted | Fund- | |||||
| Holiday Home | 161,833 | 61,934 | 223,767 | |||
| Restricted | Fund- | |||||
| Children's | campaigns | 1,345,112 | 294,132 | 33,146 | (52,879) | 1,619,511 |
| Restricted | fund - BLF | |||||
| Support Service | 10,090 | 12 | (5,459) | 4,643 | ||
| Restricted | fund - BLF | |||||
| Research | Fund | 22,363 | 4,889 | 27,252 | ||
| Restricted | fund— | |||||
| Supporting | Campaigns | (30) | (30) | |||
| 1,539,398 | 360,967 | 27,657 | (52,879) | 1,875,143 |
| Unrestricted | Restricted | Restricted | Total Funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||||||||
| F | |||||||||||
| Tangible | fixed | assets | 9,669 | 9,669 | |||||||
| Current assets | 1,178,573 | 1,950,914 | 3,129,487 | ||||||||
| Creditors | less | than | 1 | year | (11,405) | (11,405) | |||||
| Net assets | 1,176,837 | 1,950,914 | 3,127,751 | ||||||||
| Unrestricted | Restricted | Total Funds | |||||||||
| Funds | Funds | 2021 | |||||||||
| F | 6 | F | |||||||||
| Tangible | fixed | assets | 11,230 | 11,230 | |||||||
| Current assets | 1,304,728 | 1,875,143 | 3,179,871 | ||||||||
| Creditors | less | than | 1 | year | (11,024) | (11,024) | |||||
| Net assets | 1,304,934 | 1,875,143 | 3,180,077 | ||||||||
| 25. | Analysis | ofChanges | in | Net Debt | |||||||
| At | |||||||||||
| At 1 Apr 2021 | Cash flows | 31 Mar 2022 | |||||||||
| 6 | |||||||||||
| Cash at bank and | in hand | 3,154,973 | (46,523) | 3,108,450 | |||||||
| 26. | Operating | Lease | Commitments | ||||||||
| The total | future | minimum | lease payments | under | non-cancellable operating |
leases are as follows: | |||||
| 2022 | 2021 | ||||||||||
| Not later than | 1 year | 9,552 | 9,552 | ||||||||
| Later than | 1 year and | not | later than 5years | 780 | 10,140 | ||||||
| 10,332 | 19,692 |