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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|
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|Registered|charity|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|||
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||||||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|
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|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|
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|||||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|
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|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|
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||||||||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|
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|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|
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||||||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|
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|||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|
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|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|
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|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|
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|||||||||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||
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||||||||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|