2023-03-31-accounts - The Bradley Lowery Foundation

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			Page
Trustees'	annual report		1-10
Independent auditor's		report to the members	11-14
Statement	offinancial	activities	15
Statement	offinancial	position	16
Statement	ofcash flows		17
Notes to the financial		statements	18-29

Registered	name	The Bradley Lowery Foundation	The Bradley Lowery Foundation
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		Alison Henshaw FCCA
		Torgersens
		Chartered accountants	&statutory	auditor
		East Suite, Ground Floor
		Avalon House
		StCatherine's Court
		Sunderland
		SR53XJ

					2023		2022
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	E	E	K
Income and endowments
Donations and legacies			4	136,366	256,305	392,671	607,798
Chaditable activities			5				42,918
Other trading activities			6	50,745	424	51,169	23,662
Investment income			7	145	3,019	3,164	323
Total income				187,256	259,748	447,004	674,701
Expenditure
Expenditure on raising funds:
Costs of raising donations		and
legacies			8	7,151		7,151	16,477
Costs ofother trading	activities		9	34,315		34,315	30,406
Expenditure on charitable	activities		10,11	338,527	569,761	908,288	680,144
Total expenditure				379,993	569,761	949,754	727,027
Transfers				144,277	(144,277)
Net expenditure and net	movement		in
funds				(48,460)	(4%,290)	(502,750)	(52,326)
Reconciliation offunds
Total funds brought forward				1,176,837	1,950,914	3,127,751	3,180,077
Total funds carried forward				1,128,377	1,496,624	2,625,001	3,127,751

STATEMENT OF 31 MARCH 2023	FINANCIAL POSITION
			2023	2022
		Note	8	6
Fixed Assets
Tangible fixed assets		18	105,485	9,669
Current Assets
Stocks		19	4,097	4,745
Debtors		20	9,614	16,292
Cash at bank and in hand			2,540,167	3,108,450
			2,553,878	3,129,487
Creditors: amounts	falling due within one year	21	34,362	11,405
Net Current Assets			2,519,516	3,118,082
Total Assets Less Current Liabilities			2,625,001	3,127,751
Net Assets			2,625,001	3,127,751
Funds ofthe Charity
Restricted funds			1,496,624	1,950,914
Unrestricted funds			1,128,377	1,176,837
Total charity funds		22	2,625,001	3,127,751

				2023 6	2022 f
Cash Flows from Operating			Activities
Net expenditure				(502,750)	(52,326)
Adjustments for:
Depreciation oftangible fixed			assets	1,844	1,561
Other interest receivable and			similar income	(3,164)	(323)
Interest payable	and similar	charges		1,422	1,249
Accrued expenses/(income)				1,446	(748)
Changes/nr
Stocks				648	2,235
Trade and other	debtors			6,678	2,757
Trade and other	creditors			21,511	(3)
Cash generated	from operations			(472,365)	(45,598)
Interest paid				(1,422)	(1,249)
Interest received				3,164	323
Net cash used in	operating	activities		(470,623)	(46,524)
Cash Flows from investing			Activities
Purchase oftangible assets				(97,660)
Net cash used in	investing activities			(97,660)
Net Decrease in	Cash and	Cash Equivalents		(568,283)	(46,524)
Cash and Cash	Equivalents		at Beginning ofYear	3,108,450	3,154,974
Cash and Cash	Equivalents		at End ofYear	2,540,167	3,108,450

value, over the	useful economic	life ofthat asset a	s fo	llows:
improvements	to landlords	10%straight	line
property
Fixtures and fittings		10%straight	line
Equipment		10%straight	line
Holiday Home		Not depreciated		as asset under course ofconstruction

							Unrestricted	Restricted	Total Funds
							Funds	Funds	2022
									6
	Donations
	Donations	received					56,998	93,569	150,567
	Just giving	donations					118,413	314,216	432,629
	Virgin money		giving				1,909		1,909
	Facebook donations						10,797	131	10,928
	Donr text giving						1,402	363	1,765
	Grants
	Grants receivable							10,000	10,000
							189,519	418,279	607,798
5.	Charitable	Activities
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2023	Funds	2022
						F		6	f
	Coronavirus		Job Retention		Scheme			42,918	42,918
6.	Other Trading Activities
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2023
							F
	Fundraising		events				46,167	311	46,478
	Shop income						2,597	113	2,710
	Enthuse fundraising			donations			1,981		1,981
							50,745	424	51,169
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2022
							F	F
	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

7.	Investment Income
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2023
				f	F	6
	Bank interest receivable			145	3,019	3,164
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
					f	F
	Bank interest receivable			129	194	323
8.	Costs of Raising Donations		and Legacies
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2023
					6
	Donations —Merchandise			13		13
	Donations —Campaigns			1		1
	Donations —Just Giving fees			6,857		6,857
	Donations —Paypal fees			280		280
				7,151		7,151
				Unrestricted	Restricted	Total Funds
				Funds	Fundsf	2022
	Donations —Merchandise			3,481		3,481
	Donations —Campaigns
	Donations —Just Giving fees			12,788		12,788
	Donations —Paypal fees			208		208
				16,477		16,477
9.	Costs ofOther Trading Activities
				Unrestricted	Restricted	Total Funds
				Funds F	Funds	2023 f
	Costs of other trading Costs of other trading	activities - Shop costs activities - Staging events		3,100 31,215		3,100 31,215
				34,315		34,315
				Unrestricted	Restdcted	Total Funds
				Funds	Funds	2022
				F	F
	Costs of other trading Costs ofother trading	activities - Shop costs activities - Staging events		2,236 15,053	13,117	2,236 28,170
				17,289	13,117	30,406

				Unrestricted	Restricted	Total Funds
				Funds f	Funds 6	2023 f
Supporting fundraising campaigns Holiday home Funding research projects Support costs				32 12,170 326,325	340,427 2,831 225,585 918	340,459 2,831 237,755 327,243
				338,527	569,761	908,288
				Unrestricted	Restricted	Total Funds
				Funds 6	Funds f	2022
Supporting fundraising campaigns Holiday home Funding research projects Support Service Support costs				67 4,048 19,887 351,546	47,639 6,457 250,015 383 102	47,706 10,505 269,902 383 351,648
				375,548	304,596	680,144
Expenditure on Charitable		Activities	by Activity Type
		Activities
		undertaken	Grant funding	Support	Total funds	Total fund
		directly f	ofactivities 6	costs 6	2023 6	2022 f
Supporting fundraising
campaigns Holiday home		340,459 2,831		304,617	645,076 2,831	379,027 10,505
Funding	research
projects Governance costs			237,755	22,626	237,755 22,626	269,901 20,711
		343,290	237,755	327,243	908,288	680,144

		Analysis of	Analysis of
		support costs	support costs	Analysis of
		- supporting	- Bradley	support costs
		fundraising	Lowery	—holiday
		campaigns	Foundation F	home f	Total 2023 F	Total 2022 6
Staff costs		134,691	92,911	17,746	245,348	245,622
Premises		10,119	5,059	1,687	16,865	15,699
Communications	and IT	2,727	1,179	394	4,300	16,083
General office		13,011	6,506	2,169	21,686	26,553
Governance costs		13,640	6,740	2,246	22,626	20,711
Support costs-
Insurance		5,393	2,556	852	8,801	9,169
Support costs - Legal		1,546	773	258	2,577	14,223
Support costs - Travel		1,065	532	177	1,774	777
Support costs - Bank
charges and interest		896	394	132	1,422	1,250
Support costs-
Depreciation		1,107	553		1,844	1,561
		184,195	117,203	25,845	327,243	351,648
Analysis ofGrants
					2023	2022
						f
Grants to Institutions
Grants to institutions					233,833	269,701
Grants to Individuals
Grants to individuals					3,837
Total grants					237,670	269,701
Net Expenditure
Net expenditure	is stated after charging/(crediting):
					2023	2022
					6	6
Depreciation oftangible		fixed assets			1,844	1,561

Staff Costs
The total staff costs and	employee	benefits for the reporting	period are analysed as	follows:
			2023	2022
			6	F
Wages and salaries Social security costs Employer contributions to pension Other employee benetits		plans	220,928 18,024 6,396	219,921 18,215 6,361 1,125
			245,348	245,622

18.	Tangible Fixe		d Asse	ts
					Improvements	to
				Holiday	Landlord's		Fixtures
				Home f	Property		and fittings	Equipment 6	Total 6
	Cost
	At 1 April 2022				3,770		7,865	3,965	15,600
	Additions			94,812				2,848	97,660
	At 31 March 2023			94,812	3,770		7,865	6,813	113,260
	Depreciation
	At 1 April 2022				1,508		2,995	1,428	5,931
	Charge for the		year			377	786	681	1,844
	At 31 March 2023				1,885		3,781	2,109	7,775
	Carrying amount
	At 31 March 2023			94,812	1,885		4,084	4,704	105,485
	At 31 March 2022				2,262		4,870	2,537	9,669
19.	Stocks
								2023	2022
								6	f
	Raw materials		and consumables					4,097	4,745
20.	Debtors
								2023 f	2022 f
	Trade debtors							7,292	4,076
	Prepayments	and accrued income						2,322	12,216
								9,614	16,292
21.	Creditors: amounts			falling due within	one year
								2023	2022
									F
	Accruals and deferred			income				11,430	9,984
	Other creditors							22,932	1,421
								34,362	11,405

								At
			At				31 March	20
			1 April 2022 6	Income f	Expenditure 6	Transfers		23
General funds			1,069,057	187,256	(345,817)	(306,156)	604,340
Designated	Fund-
closed bank accounts
Designated	Fund-
holiday home			(553)		(25,843)	350,433	324,037
Designated	Fund-
Neuroblastoma		UK
Research			8,333		(8,333)
Designated	Fund—
Childhood	Cancer
Research			50,000			50,000	100,000
Designated	fund	- BLF
Support Service			50,000				50,000
Designated	fund	—It's
Nice to be	Nice					50,000	50,000
			1,176,837	187,256	(379,993)	144,277	1,128,377
								At
			At				31 March	20
			1 April 2021 5	Income F	Expenditure 6	Transfers 6	f	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

							Unrestricted	Restricted	Restricted	Total Funds
							Funds		Funds	2023
							8			8
	Tangible fixed	assets					10,673		94,812	105,485
	Current assets						1,130,555	1,423,323		2,553,878
	Creditors less	than	1	year			(12,851)		(21,511)	(34,362)
	Net assets						1,128,377	1,496,624		2,625,001
							Unrestdicted	Restricted		Total Funds
							Funds		Funds	2022
	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
25.	Analysis ofChanges			in	Net Debt
										At
							At 1 Apr 2022	Cash flows		31 Mar 2023
									F	6
	Cash at bank and		in hand				3,108,450	(568,284)		2,540,166
26.	Operating Lease		Commitments
	The total future	minimum			lease payments	under	non-cancellable operating		leases are as follows:
									2023	2022
									6	6
	Not later than	1 year							9,552	9,552
	Later than 1 year and			not	later than 5years				19,500	780
									29,052	10,332