**REGISTERED COMPANY NUMBER: 08380019 (England and Wales) REGISTERED CHARITY NUMBER: 1151161**
## **Trustees' Report and**
## **Unaudited Financial Statements**
## **for the Year Ended 31 December 2020**
## **for**
**Ladies Association of British Barbershop Singers**
Whitesides Chartered Accountants Lister House Lister Hill Horsforth Leeds LS18 5AZ
**Ladies Association of British Barbershop Singers**
## **Contents of the Financial Statements for the Year Ended 31 December 2020**
|||**Page**||
|---|---|---|---|
|**Trustees' Report**|1|to|6|
|**Independent Examiner's Report**||7||
|**Statement of Financial Activities**||8||
|**Balance Sheet**|9|to|10|
|**Notes to the Financial Statements**|11|to|17|
|**Detailed Statement of Financial Activities**||18||
**Ladies Association of British Barbershop**
## **Singers**
## **Trustees' Report for the Year Ended 31 December 2020**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Charitable objects**
The objects of the charity are to further the education of the general public in any and all aspects of barbershop harmony including singing in the barbershop harmony style.
## **Purpose of the charity and principal activities**
The principle activities of the charity were the promotion and education of barbershop singing by various means including the provision of grants, education events and the hosting of competitions.
The Ladies Association of British Barbershop Singers (LABBS) is committed to encouraging participation in singing across all age groups. The charity delivers its goals by supporting a network of over 2200 individual members of 61 barbershop choruses and 51 registered quartets. These choruses and quartets are based throughout the UK from Cornwall to Aberdeen and are all actively involved in their local communities. Our member choruses and quartets would normally perform at local community events, including charity events, where they promote barbershop singing to their audience. Our groups would normally hold open evenings and Learn to Sing courses where members of the public are invited to participate in the education of singing in the barbershop style. In support of these activities, LABBS provides grants to our groups to run these local recruitment/education initiatives and practical tools to support the fulfilment of these activities.
LABBS continued to be an important source of information, resources and support for its network of members and groups, enabling them to function well and deliver the opportunity to sing barbershop harmony in their local communities.
There is general acceptance of the social, health and wellbeing benefits of singing in a group and this is something we feel is of particular benefit to those who participate in barbershop singing and this can benefit the public when they are part of our activities. Our activities help to promote these benefits and raise awareness and stimulate interest in participation.
## **Public benefit**
The Trustees have complied with their duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity. Further information on the activities undertaken is given in the subsequent sections of this report.
## **Promotion of Barbershop**
In 2020, LABBS continued to use our website and social media to share and promote barbershop activity.
We continued to actively promote barbershop singing in innovative ways to make members of the public aware of the opportunity to join a local group and to experience the benefits associated with being part of a social group.
Page 1
**Ladies Association of British Barbershop**
**Singers**
## **Trustees' Report for the Year Ended 31 December 2020**
## **OBJECTIVES AND ACTIVITIES**
## **Awards and grants**
LABBS offers grants and awards to its members through its 'Voices in Harmony' initiative, this is funded by the income from the annual raffle and fund transfer from the general fund.
Throughout 2020, LABBS supported its clubs in the development of barbershop singing and its promotion through the funding of grants. These are offered to choruses and quartets to further their own barbershop education. Over 55 grants were awarded in 2020.
In addition, we offered grants to choruses to run Learn to Sing courses in their own communities. These courses are developed and led by barbershop choruses and are open to members of the public. They provide education in barbershop singing over a one day, 4 week or 6 week period. The directors of these courses deliver training and education in the craft of barbershop singing and encourage the adoption of it as an art form, usually focusing on one barbershop song to learn throughout the length of the course. The grants we offer help our choruses to fund the running costs of Learn to Sing events. This encourages more participation from groups and encourages wider public participation in barbershop singing. Many people have benefitted from joining one of these courses and have gone on to participate in a lifelong fulfilling hobby. A total of 5 grants were awarded in 2020. This number is down on last year due to restrictions in place on face to face rehearsals.
Awards and Grants Policy: Chorus and quartet grants are available to LABBS member clubs and LABBS registered quartets, a grant form is completed and submitted with supporting evidence to the LABBS Finance Director. Learn to Sing grants are available to LABBS member clubs, a grant form is completed and submitted with supporting evidence to the LABBS Finance Director. Education Events grants are offered to both LABBS members and non LABBS members, a grant application form is completed and submitted to the LABBS Finance Director.
## **Working with other organisations**
As part of our ongoing commitment to the promotion and education of barbershop, LABBS has established relationships with a number of other organisations. These include:
British Association of Barbershop Singers Sweet Adelines International (Region 31) Holland Harmony Swedish National Organisations of Barbershop Singers Irish Association of Barbershop Singers Making Music Voluntary Arts Network Association of British Choral Directors The Voice Festival UK
In conjunction with these organisations, we provide shared educational activities and, are working with the British Association of Barbershop Singers and Sweet Adelines International (Region 31) in a joint education and promotion activity operating throughout the UK under the banner of 'Barbershop in Harmony'.
In 2020, we continued to work together to develop Mixed Barbershop quartet and chorus singing for males and females in the UK.
Page 2
**Ladies Association of British Barbershop**
**Singers**
## **Trustees' Report for the Year Ended 31 December 2020**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities Education**
One of the key objectives of LABBS is to provide regular education for our members to continue to grow and develop in the craft of barbershop and harmony. This is offered through regional and national education days, national quartet weekends and many other events, which all aim to increase members' knowledge of barbershop and to raise performance skill levels. It is vitally important that we continue to support and educate our barbershop leaders as they in turn use these acquired skills to support the participation of our members and the general public in barbershop singing within communities throughout the UK.
During the course of the year under review, LABBS delivered the following educational strategy:
## **Category Day: Singing**
In March 2020 we ran a full day of targeted education at the Blue Coat School in Coventry. This was open to all and included LABBS members and non-LABBS members. It was an extremely popular and successful event with over 130 attendees and LABBS grants were available to support the attendance of both LABBS and non-LABBS members. It also became the last face to face event of the year.
## **LABBSe: Virtual Education**
From March 2020, over 20 virtual education sessions have been delivered. This has been done using Zoom and free at point of delivery to the LABBS membership. The sessions have been recorded and are available on 'catch up' for those not able to make the actual session. Subjects have ranged from 'Becoming an efficient singer' to 'You be the Judge' to 'Decoding Sheet Music'. All have been well attended.
## **Polecat song**
Every other year a song is chosen by LABBS which is made available to all our members to learn via sheet music and audio teach tracks. The last polecat in 2019 was an arrangement of "Make Your Own Kind of Music" and 2020 was to be a year out to allow some of the back catalogue to be resung.
In 2020 LABBS was gifted an original song by Clay Hine. Clay is an American barbershopper who wished to bring the worldwide barbershop community together and we have been able to make "It's the Music That Brings Us Together" available to our members.
## **Judges Training**
LABBS supports and trains judges who partake in our annual contests for both quartets and choruses. The judges attend two UK based seminars a year to further their education. Every three years, representatives are sent to the Barbershop Harmony Society's (BHS) Category School, this happened in 2018 with the next planned attendance to be in 2022.
Page 3
**Ladies Association of British Barbershop**
**Singers**
## **Trustees' Report for the Year Ended 31 December 2020**
## **ACHIEVEMENT AND PERFORMANCE**
## **Competitions**
LABBS continues to promote barbershop singing to the public by hosting and staging the following contests:
## **Quartet contests**
There would normally be a Preliminary qualifying contest for quartet singers in June. This was not possible due to the restrictions in place and was replaced by a virtual Quartet Weekend which allowed the quartets to come together for education and sharing of their craft.
## **Annual Convention**
Our Annual Convention is a showcase of the best of barbershop singing within the UK. Attendance is open to the general public and we promote our presence in the hosting town including offering invitations to civic guests.
In 2020 the LABBS National Convention was due be held in Bournemouth. The physical event had to be cancelled due to the restrictions in place and was replaced by a virtual event 'LABBS Big Weekend'.
This event was free to 'attend' and took place over three days and streamed on both YouTube and Facebook. Contributions were received from 45 LABBS choruses and 39 LABBS quartets along with numerous international acts and keynote speakers including Deke Sharon. It also included some Educational sessions.
Over the weekend, there was over 3000 views for some of the sessions and all of them reached over 1400.
## **LABBSi: Virtual sessions**
A new initiative LABBSi was developed in lockdown. The sessions were to allow both LABBS members and non members to meet together to sing polecats, learn tags and background about the songs. Nine sessions have been delivered since April using Zoom and Facebook livestream.
## **Youth Initiative**
In 2020 we continued to develop the youth initiative which aimed to encourage the involvement and education of young people in barbershop singing.
## **Youth Chorus**
In 2020 the Youth Chorus, aimed at young females aged 7 to 30 years of age with LABBS providing funding to support this project continued to flourish. This chorus is open to anyone willing to participate and encourages the introduction to and education of barbershop singing at an early age. Rehearsals moved to being virtual once restrictions were in place and guest coaches were invited. The Youth chorus contributed to the LABBS Big Weekend. The Youth Chorus provides the opportunity for young people to come together in a safe environment to learn and perform harmony singing.
## **Young People in Harmony Project- Fusion.**
LABBS helped sponsor in a Young People in Harmony project in conjunction with the British Association of Barbershop Singers. Unfortunately, this year's event was cancelled due to the restrictions in place.
## **FINANCIAL REVIEW**
## **Financial position**
The overall income in 2020 (£111,447) was 287% lower than 2019 (£318,745).
Expenditure in 2020 was £41,432 a decrease of £243,192 from 2019 (£284,624). It should be noted that the main reason expenditure decreased was due to planned activities not taking place.
The trustees had planned for a deficit in 2020 due to the continuing effect of VAT registration. The deficit did not happen due to underspend as many activities were unable to take place and this year the surplus was £70,015 (2019: £34,121 surplus). The 2021 budget has been agreed with a deficit as a decision was made to apply a discount to membership rates in light of the current situation which will lead to a decrease in income.
Page 4
**Ladies Association of British Barbershop**
## **Singers**
## **Trustees' Report for the Year Ended 31 December 2020**
## **FINANCIAL REVIEW**
## **Restricted funds**
LABBS holds £15,236 (2019: £15,959) in restricted funds - this is money which was donated in Katy Phillips' memory and Jen Mills' memory and the donations are to be used in activities to support the Katy Phillips' Awards and Bursaries and The Jen Mills Award (which will be awarded annually over the next 10 years) respectively, 2 awards were made in 2020 (2019: 3).
## **Reserves policy**
LABBS aims to hold reserves to allow them to function for a minimum of 12 months with no income being received. This year, the target reserve level is £284,624 (2019: £284,624). The 2019 figures is being used again as spend in 2020 was not that of a normal year.
The total unrestricted reserves held at 31 December 2020 were £280,772 (2019: £210,034). This is less than the target amount because a planned budgetary deficit is being run in order to continue normal operations despite the adverse effects of becoming VAT registered. (The trustees plan to balance the budget for 2021 and will look to rebuild reserves thereafter.)
## **Going concern**
The Trustees consider there are no material uncertainties about the charity's ability to continue as a going concern.
## **FUTURE PLANS**
Short term - The objectives of the charity are to further the education of the general public in all aspects of barbershop singing and we aim to continue with this by seeking further activities to educate and enhance singing for all.
Long term - We will continue to concentrate on education and look to the future by planning various large events to promote barbershop to different regions of the country, thereby increasing our membership.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Association is a charitable company limited by guarantee, incorporated on 29 January 2013 and registered as a charity on 8 March 2013. The company was established under a Memorandum of Association which established its objects and powers while it is governed by its Articles of Association. The directors are also trustees under charity law, do not receive any benefits and are members of the Management Committee whose responsibility it is to prepare financial statements annually which reflect the state of affairs of the charity, its incoming resources and their application for the financial year. The Committee members are set out on page 5.
## **Recruitment and appointment of new trustees**
As set out in the Articles of Association, the Board of Trustees is comprised of at least 8 and no more than 12 Trustees. Trustees are volunteers and are recruited following advertisement within the Association and an assessment of needs and candidate suitability by the Board of Trustees. Trustees are elected by a majority of votes at LABBS Council after application, interview and recommendation of candidates by the Board. The Trustees may at any time co-opt any individual eligible under the Articles of Association to fill a vacancy in their number as an additional Trustee until the next AGM.
No other individual or external body is entitled to appoint a trustee to the charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
08380019 (England and Wales)
## **Registered Charity number**
1151161
Page 5
**Ladies Association of British Barbershop Singers**
## **Trustees' Report for the Year Ended 31 December 2020**
## **Registered office**
Lister House Lister Hill Horsforth Leeds LS18 5AZ
## **Trustees**
M E Hulands D A Lamble (resigned 21.3.20) A J Galloway A K Philbin G Grainger (resigned 20.3.20) C E Poole A M Zdzylowski S Wallace (resigned 2.11.20) N Feddon J Cook (appointed 21.3.20) L Hooker (appointed 1.1.21)
## **Independent Examiner**
Whitesides Chartered Accountants Lister House Lister Hill Horsforth Leeds LS18 5AZ
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 13 April 2021 and signed on its behalf by:
A K Philbin - Trustee
Page 6
## **Independent Examiner's Report to the Trustees of Ladies Association of British Barbershop Singers**
## **Independent examiner's report to the trustees of Ladies Association of British Barbershop Singers ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Joanne Whiteside FCA ICAEW Whitesides Chartered Accountants Lister House Lister Hill Horsforth Leeds LS18 5AZ
Date: .............................................
Page 7
## **Ladies Association of British Barbershop Singers**
## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2020**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
131
**Charitable activities**
Convention
(158)
Education
3,917
Other activities
106,920
Investment income
2
182
**Total**
110,992
**EXPENDITURE ON**
**Charitable activities**
Convention
890
Education
7,410
Other activities
31,954
**Total**
40,254
**NET INCOME/(EXPENDITURE)**
70,738
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
210,034
**TOTAL FUNDS CARRIED FORWARD**
280,772|Restricted
funds
£
455
-
-
-
-
455
-
-
1,178
1,178
(723)
15,959
15,236|2020
Total
funds
£
586
(158)
3,917
106,920
182
111,447
890
7,410
33,132
41,432
70,015
225,993
296,008|2019
Total
funds
£
6,664
137,884
56,456
117,414
327|
|---|---|---|---|
||||318,745
140,809
73,626
70,189|
||||284,624|
||||34,121
191,872|
||||225,993|
The notes form part of these financial statements
Page 8
## **Ladies Association of British Barbershop Singers**
## **Balance Sheet 31 December 2020**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
8
831
**CURRENT ASSETS**
Debtors
9
76,439
Cash at bank and in hand
10
245,116
321,555
**CREDITORS**
Amounts falling due within one year
11
(41,614)
**NET CURRENT ASSETS**
279,941
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
280,772
**NET ASSETS**
280,772
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
16,111
16,111
(875)
15,236
15,236
15,236|2020
Total
funds
£
831
76,439
261,227
337,666
(42,489)
295,177
296,008
296,008
280,772
15,236
296,008|2019
Total
funds
£
978
58,826
207,958
266,784
(41,769)
225,015
225,993
225,993
210,034
15,959
225,993|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
## The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 9
## **Ladies Association of British Barbershop Singers**
## **Balance Sheet - continued 31 December 2020**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13 April 2021 and were signed on its behalf by:
A K Philbin - Trustee
A J Galloway - Trustee
The notes form part of these financial statements
Page 10
**Ladies Association of British Barbershop**
**Singers**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The trust constitutes a public benefit entity as defined by FRS 102.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Charitable activities**
The charity analyses income and expenditure under three charitable activities:
## **Convention**
This is income and expenditure relating to the main LABBS convention, which occurs annually.
## **Education**
This is income and expenditure relating to education about barbershop harmony, and includes seminars and other smaller events during the year, as well as awards of the Katie Phillips Young Barbershopper of the Year bursary.
## **Other activities**
This is income and expenditure relating to all other charitable purposes, including the administration and support costs of the charity, membership subscriptions and the administration thereof, and the Youth development and Voices in Harmony programmes.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance Computer equipment - 25% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 11
**Ladies Association of British Barbershop**
## **Singers**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **1. ACCOUNTING POLICIES - continued**
## **Assessment of going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **2. INVESTMENT INCOME**
## **3.**
|**INVESTMENT INCOME**|||
|---|---|---|
||2020|2019|
||£|£|
|Bank interest receivable|182|327|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
||2020|2019|
||£|£|
|Depreciation - owned assets|147|172|
## **4. AUDITORS' REMUNERATION**
During the year expenses of £1,750 (2019: £1,905) were incurred in relation to the independent examination and for the preparation of the accounts. £96 (2019: £96) was paid for registered office services.
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
The trustees all give their time and expertise without any form of remunerations or other benefit in cash of kind (2019: £nil).
## **Trustees' expenses**
7 (2019: 9) trustees were reimbursed expenses totalling £914 (2019: £9,927), for travel expenses, post, printing and stationery and other small expenses paid on behalf of the charity.
## **6. STAFF COSTS**
There were no employees in the current or previous financial periods.
No employees received emoluments in excess of £60,000.
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
345
**Charitable activities**
Convention
137,884
Education
56,456
Other activities
117,414
Investment income
327
**Total**
312,426|Restricted
funds
£
6,319
-
-
-
-
6,319|Total
funds
£
6,664
137,884
56,456
117,414
327|
|---|---|---|
|||318,745|
continued...
Page 12
## **Ladies Association of British Barbershop Singers**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
|**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
funds
£
£
**EXPENDITURE ON**
**Charitable activities**
Convention
140,809
-
Education
73,381
245
Other activities
70,189
-
**Total**
284,379
245
**NET INCOME**
28,047
6,074
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
181,987
9,885
**TOTAL FUNDS CARRIED FORWARD**
210,034
15,959
**8.**
**TANGIBLE FIXED ASSETS**
Fixtures
and
Computer
fittings
equipment
£
£
**COST**
At 1 January 2020 and 31 December 2020
2,772
979
**DEPRECIATION**
At 1 January 2020
1,794
979
Charge for year
147
-
At 31 December 2020
1,941
979
**NET BOOK VALUE**
At 31 December 2020
831
-
At 31 December 2019
978
-|Total
funds
£
140,809
73,626
70,189|
|---|---|
||284,624|
||34,121
191,872|
||225,993|
||Totals
£
3,751
2,773
147
2,920
831
978|
continued...
Page 13
**Ladies Association of British Barbershop Singers**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
VAT
Prepayments|2020
£
25
1,816
74,598
76,439|2019
£
237
162
58,427|
|---|---|---|
|||58,826|
All debtors related to unrestricted funds in both the current and the previous financial period.
## **10. CASH AT BANK AND IN HAND**
Cash at bank balances were as follows: unrestricted funds £245,116 (2019: £191,998), restricted funds £16,111 (2019: £15,959).
## **11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Deferred income
Accrued expenses|2020
£
39,864
2,625
42,489|2019
£
39,864
1,905|
|---|---|---|
|||41,769|
Deferred income relates to the purchase of early bird tickets to the convention.
The trustees accrue as a liability the bursaries awarded during the year. The recipients have two years from the date of the award to claim a bursary, which is to be used to further their barbershop singing.
## **12. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Voices in Harmony Fund
**Restricted funds**
Katy Phillips Bursary Fund
The Jen Mills Award
**TOTAL FUNDS**|At 1.1.20
£
215,384
(5,350)
210,034
12,209
3,750
15,959
225,993|Net
movement
in funds
£
77,397
(6,659)
70,738
(45)
(678)
(723)
70,015|At
31.12.20
£
292,781
(12,009|
|---|---|---|---|
||||280,772
12,164
3,072|
||||15,236|
||||296,008|
continued...
Page 14
## **Ladies Association of British Barbershop Singers**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Voices in Harmony Fund
**Restricted funds**
Katy Phillips Bursary Fund
The Jen Mills Award
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
Voices in Harmony Fund
**Restricted funds**
Katy Phillips Bursary Fund
The Jen Mills Award
**TOTAL FUNDS**|Incoming
resources
£
110,861
131
110,992
455
-
455
111,447
At 1.1.19
£
181,987
-
181,987
9,885
-
9,885
191,872|Resources
Movement
expended
in funds
£
£
(33,464)
77,397
(6,790)
(6,659)
(40,254)
70,738
(500)
(45)
(678)
(678)
(1,178)
(723)
(41,432)
70,015
Net
movement
At
in funds
31.12.19
£
£
33,397
215,384
(5,350)
(5,350)
28,047
210,034
2,324
12,209
3,750
3,750
6,074
15,959
34,121
225,993|
|---|---|---|
Page 15
continued...
## **Ladies Association of British Barbershop Singers**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Voices in Harmony Fund
**Restricted funds**
Katy Phillips Bursary Fund
The Jen Mills Award
**TOTAL FUNDS**|Incoming
resources
£
306,641
5,785
312,426
2,569
3,750
6,319
318,745|Resources
Movement
expended
in funds
£
£
(273,244)
33,397
(11,135)
(5,350)
(284,379)
28,047
(245)
2,324
-
3,750
(245)
6,074
(284,624)
34,121|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Voices in Harmony Fund
**Restricted funds**
Katy Phillips Bursary Fund
The Jen Mills Award
**TOTAL FUNDS**|At 1.1.19
£
181,987
-
181,987
9,885
-
9,885
191,872|Net
movement
in funds
£
110,794
(12,009)
98,785
2,279
3,072
5,351
104,136|At
31.12.20
£
292,781
(12,009)
280,772
12,164
3,072
15,236
296,008|
|---|---|---|---|
Page 16
continued...
**Ladies Association of British Barbershop Singers**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Voices in Harmony Fund
**Restricted funds**
Katy Phillips Bursary Fund
The Jen Mills Award
**TOTAL FUNDS**|Incoming
resources
£
417,502
5,916
423,418
3,024
3,750
6,774
430,192|Resources
Movement
expended
in funds
£
£
(306,708)
110,794
(17,925)
(12,009)
(324,633)
98,785
(745)
2,279
(678)
3,072
(1,423)
5,351
(326,056)
104,136|
|---|---|---|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2020.
## **14. VOLUNTEERS**
LABBS is fortunate enough to have a willing team of volunteers who contribute to the running of the charity. Volunteers help in many ways such as judging contests; providing administration support pre-event; and support at events. The number of volunteers helping over the course of the year is in excess of 80 people.
Page 17
## **Ladies Association of British Barbershop Singers**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2020**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Bank interest receivable
**Charitable activities**
Convention
Education
Subscriptions
Gift aid
Contest entry fees
Raffle income
Shop sales
Miscellaneous income
Advertising income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Convention expenses
Education expenses
Marketing & communications
Representatives travel
Shop & raffle costs
Other expenses
Fixtures and fittings
**Support costs**
**Governance costs**
Independent examiner's fee
Insurance
Governance expenses
Total resources expended
**Net income**|2020
£
586
182
(158)
3,917
92,656
13,170
-
-
-
957
137
110,679
111,447
830
7,410
1,945
3,388
155
12,285
147
26,160
1,942
10,139
3,191
15,272
41,432
70,015|2019
£
6,664
327
137,291
56,456
96,035
12,865
2,075
5,439
88
745
760|
|---|---|---|
|||311,754|
|||318,745
140,809
73,381
9,531
9,120
1,858
27,758
173|
|||262,630
1,850
10,511
9,633|
|||21,994|
|||284,624|
|||34,121|
This page does not form part of the statutory financial statements
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