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