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2021-12-31-accounts

REGISTERED COMPANY NUMBER: 08380019 (England and Wales) REGISTERED CHARITY NUMBER: 1151161

Trustees' Report and

Unaudited Financial Statements

for the Year Ended 31 December 2021

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 2021

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 18
Detailed Statement of Financial Activities 19

Ladies Association of British Barbershop

Singers

Trustees' Report for the Year Ended 31 December 2021

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 2021. 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 principal 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 2100 individual members of 58 barbershop choruses and 39 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 2021, 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 2021

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 2021, 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 47 grants were awarded in 2021 (2020: 55).

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 6 grants were awarded in 2021. Due to restrictions in place on face to face rehearsals, some of the courses moved to 'zoom' and used the tools available when face to face was not possible.

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 2021, 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 2021

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: Performance

In January 2021 a full day of targeted education was run. This was a virtual online event and open to all and included LABBS members and non-LABBS members. It was an extremely popular and successful event with over 55 attendees.

LABBSe: Virtual Education

During 2021, over nine virtual education sessions have been delivered. There has also been the opportunity for LABBS members to catch up on sessions from 2021. This has been done using Zoom and free at point of delivery to the LABBS membership. 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 LABBS polecat in 2019 was an arrangement of "Make Your Own Kind of Music" and 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.

In 2021, the LABBS polecat was an arrangement of 'You Gotta Be'. This song has been used in LABBS interactive and education online sessions (7 specific polecat sessions were run with over 800 attendees) and also the Unconventional Convention Hubs.

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, the scheduled event for 2021 was postponed due to the COVID pandemic.

Page 3

Ladies Association of British Barbershop

Singers

Trustees' Report for the Year Ended 31 December 2021

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 2021 the LABBS National Convention was due be held in Harrogate. The physical event had to be cancelled due to the restrictions in place and was replaced by a mixed offering of live and virtual events as part of the 'LABBS Unconventional Convention'.

The live event consisted of six 'hubs' around the country each hosted by a LABBS chorus. The programmes at each hub were unique and varied with guest acts, education sessions, showcases and mass singing. There were over 550 attendees.

The virtual event was free to 'attend' and took place over two days and streamed on both YouTube and Facebook. The first day included live streaming for the live Hub Events. The second day included contributions received from 34 LABBS choruses and 15 LABBS quartets along with 45 year members interviews and a panel discussion on the subject of Safe Rehearsals.

Over the weekend, there was over 14,000 views for the event.

LABBSi: Virtual sessions

A new initiative LABBSi was developed in lockdown and has continued in 2021. The sessions were to allow both LABBS members and non members to meet together to sing polecats, learn tags and background about the songs. Three sessions have been delivered in 2021 using Zoom and Facebook livestream.

Youth Initiative

In 2021 we continued to develop the youth initiative which aimed to encourage the involvement and education of young people in barbershop singing.

Youth Chorus

In 2021 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 continued online and guest coaches were invited. The Youth chorus contributed to the LABBS Unconventional Convention Weekend. The Youth Chorus provides the opportunity for young people to come together in a safe environment to learn and perform harmony singing.

Page 4

Ladies Association of British Barbershop

Singers

Trustees' Report for the Year Ended 31 December 2021

FINANCIAL REVIEW Financial position

The overall income in 2021 (£77,454) was 31% lower than 2020 (£111,447).

Expenditure in 2021 was £37,926, a decrease of 8% from 2020 (£41,432). 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 2021 due to the continuing effect of COVID. The deficit did not happen due to underspend as many activities were unable to take place and this year the surplus was £39,528 (2020: £70,015 surplus). The 2022 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.

Restricted funds

LABBS holds £15,484 (2020: £15,236) 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. Two awards were made in 2021 (2020: 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 (2020: £284,624). This has been held at the reserves target for 2019 in anticipation of resumption of normal operations post-pandemic.

The total unrestricted reserves held at 31 December 2021 were £320,052 (2020: £280,772). This is more than the target amount; the trustees' plan to have full target reserves by 2021 following a period of operating a budgetary deficit has been achieved.

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 below.

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.

Page 5

Ladies Association of British Barbershop Singers

Trustees' Report for the Year Ended 31 December 2021

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

08380019 (England and Wales)

Registered Charity number

1151161

Registered office

Lister House Lister Hill Horsforth Leeds LS18 5AZ

Trustees

M E Hulands A J Galloway A K Philbin C E Poole (resigned 27.3.21) A M Zdzylowski N Feddon J Cook L Hooker (appointed 1.1.21) H L Barber (appointed 27.3.21) J A Dugdale (appointed 27.3.21) N C Nickson (appointed 27.3.21) S A G Ranson (appointed 27.3.21)

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 25 April 2022 and signed on its behalf by:

N Feddon - 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 2021.

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.

Daniel Dufton ACA ICAEW Whitesides Chartered Accountants Lister House Lister Hill Horsforth Leeds LS18 5AZ

25 April 2022

Page 7

Ladies Association of British Barbershop Singers

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
225
Charitable activities
Convention
2,365
Education
18
Other activities
74,723
Investment income
2
25
Total
77,356
EXPENDITURE ON
Charitable activities
Convention
13,908
Education
(343)
Other activities
24,410
Other
101
Total
38,076
NET INCOME
39,280
RECONCILIATION OF FUNDS
Total funds brought forward
280,772
TOTAL FUNDS CARRIED FORWARD
320,052		 Restricted
funds
£
98
-
-
-
-
98
-
-
(150)
-
(150)
248
15,236
15,484		 2021
Total
funds
£
323
2,365
18
74,723
25
77,454
13,908
(343)
24,260
101
37,926
39,528
296,008
335,536		 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

The notes form part of these financial statements

Page 8

Ladies Association of British Barbershop Singers

Balance Sheet 31 December 2021

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
9
606
CURRENT ASSETS
Debtors
10
86,109
Cash at bank and in hand
11
235,219
321,328
CREDITORS
Amounts falling due within one year
12
(1,882)
NET CURRENT ASSETS
319,446
TOTAL ASSETS LESS CURRENT
LIABILITIES
320,052
NET ASSETS
320,052
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
15,834
15,834
(350)
15,484
15,484
15,484		 2021
Total
funds
£
606
86,109
251,053
337,162
(2,232)
334,930
335,536
335,536
320,052
15,484
335,536		 2020
Total
funds
£
831
76,439
261,227
337,666
(42,489)
295,177
296,008
296,008
280,772
15,236
296,008

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 9

Ladies Association of British Barbershop Singers

Balance Sheet - continued 31 December 2021

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 25 April 2022 and were signed on its behalf by:

N Feddon - 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 2021

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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.

continued...

Page 11

Ladies Association of British Barbershop Singers

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Donated services

LABBS receives donated services from its volunteers, however these are not assigned a value and therefore are not represented on the Statement of Financial Activities.

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
2021 2020
£ £
Bank interest receivable 25 182
GRANTS PAYABLE
2021 2020
£ £
Other activities 4,973 7,563
The total grants paid to institutions during the year was as follows:
2021 2020
£ £
Jen Mills Award Winner 349 677
Various Quartets 1,671 2,215
Various Learn to Sing Groups 869 761
Various Choruses 2,084 3,460
4,973 7,113

The Voices in Harmony fund awards grants, majority being valued at £100, to various Choruses and Quartets, as well as to fund the Learn to Sing educational programme. The Jen Mills award is a larger bursary awarded to a chosen individual or group.

The total grants paid to individuals during the year was as follows:

2021 2020
£ £
Katie Phillips Bursary - 250
Dorothy Bosley Award - 200
- 450

The Katy Phillips bursary and the Dorothy Bosley award are bursaries given to individuals throughout the year.

continued...

Page 12

Ladies Association of British Barbershop Singers

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 124 147
Deficit on disposal of fixed assets 101 -

5. INDEPENDENT EXAMINER'S REMUNERATION

During the year expenses of £1,800 (2020: £1,750) were incurred in relation to the independent examination and for the preparation of the accounts. £96 (2020: £96) was paid for registered office services.

6. TRUSTEES' REMUNERATION AND BENEFITS

The trustees all give their time and expertise without any form of remunerations or other benefit in cash of kind (2020: £nil).

Trustees' expenses

No (2020: 7) trustees were reimbursed expenses totalling £nil (2020: £914), for travel expenses, post, printing and stationery and other small expenses paid on behalf of the charity.

7. STAFF COSTS

There were no employees in the current or previous financial periods.

No employees received emoluments in excess of £60,000.

8.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
131
Charitable activities
Convention
(158)
Education
3,917
Other activities
106,920
Investment income
182
Total
110,992
EXPENDITURE ON
Charitable activities
Convention
890
Education
7,410
Other activities
31,954
Total
40,254		 Restricted
funds
£
455
-
-
-
-
455
-
-
1,178
1,178		 Total
funds
£
586
(158)
3,917
106,920
182
111,447
890
7,410
33,132
41,432

continued...

Page 13

Ladies Association of British Barbershop Singers

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
NET INCOME/(EXPENDITURE)
70,738
(723)
RECONCILIATION OF FUNDS
Total funds brought forward
210,034
15,959
TOTAL FUNDS CARRIED FORWARD
280,772
15,236
9.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 January 2021
2,772
979
Disposals
(315)
-
At 31 December 2021
2,457
979
DEPRECIATION
At 1 January 2021
1,941
979
Charge for year
124
-
Eliminated on disposal
(214)
-
At 31 December 2021
1,851
979
NET BOOK VALUE
At 31 December 2021
606
-
At 31 December 2020
831
-
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Trade debtors
-
VAT
4,249
Prepayments
81,860
86,109		 Total
funds
£
70,015
225,993
296,008
Totals
£
3,751
(315)
3,436
2,920
124
(214)
2,830
606
831
2020
£
25
1,816
74,598
76,439

All debtors related to unrestricted funds in both the current and the previous financial period.

continued...

Page 14

Ladies Association of British Barbershop Singers

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

11. CASH AT BANK AND IN HAND

Cash at bank balances were as follows: unrestricted funds £230,117 (2020: £245,116), restricted funds £15,834 (2020: £16,111).

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Deferred income
Accrued expenses		 2021
£
-
2,232
2,232		 2020
£
39,864
2,625
42,489

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.

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Voices in Harmony Fund
Restricted funds
Katy Phillips Bursary Fund
The Jen Mills Award
TOTAL FUNDS
Net movement in funds, included in the above are as
Unrestricted funds
General fund
Voices in Harmony Fund
Restricted funds
Katy Phillips Bursary Fund
The Jen Mills Award
TOTAL FUNDS		 At 1.1.21
£
292,781
(12,009)
280,772
12,164
3,072
15,236
296,008
follows:		 Net
movement
in funds
£
43,700
(4,420)
39,280
598
(350)
248
39,528
Incoming
resources
£
77,133
223
77,356
98
-
98
77,454		 Transfers
between
At
funds
31.12.21
£
£
(16,347)
320,134
16,347
(82)
-
320,052
-
12,762
-
2,722
-
15,484
-
335,536
Resources
Movement
expended
in funds
£
£
(33,433)
43,700
(4,643)
(4,420)
(38,076)
39,280
500
598
(350)
(350)
150
248
(37,926)
39,528		 At
31.12.21
£
320,134
(82)		 At
31.12.21
£
320,134
(82)
320,052
12,762
2,722
15,484
335,536
39,280
598
(350)
248
39,528

Page 15

continued...

Ladies Association of British Barbershop Singers

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.1.20
£
Unrestricted funds
General fund
215,384
Voices in Harmony Fund
(5,350)
210,034
Restricted funds
Katy Phillips Bursary Fund
12,209
The Jen Mills Award
3,750
15,959
TOTAL FUNDS
225,993
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
110,861
Voices in Harmony Fund
131
110,992
Restricted funds
Katy Phillips Bursary Fund
455
The Jen Mills Award
-
455
TOTAL FUNDS
111,447		 Net
movement
At
in funds
31.12.20
£
£
77,397
292,781
(6,659)
(12,009)
70,738
280,772
(45)
12,164
(678)
3,072
(723)
15,236
70,015
296,008
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

Page 16

continued...

Ladies Association of British Barbershop Singers

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

13. MOVEMENT IN FUNDS - continued

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 1.1.20
£
215,384
(5,350)
210,034
12,209
3,750
15,959
225,993		 Net
movement
in funds
£
121,097
(11,079)
110,018
553
(1,028)
(475)
109,543		 Transfers
between
funds
£
(16,347)
16,347
-
-
-
-
-		 At
31.12.21
£
320,134
(82)
320,052
12,762
2,722
15,484
335,536

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 187,994 (66,897) 121,097
Voices in Harmony Fund 354 (11,433) (11,079)
188,348 (78,330) 110,018
Restricted funds
Katy Phillips Bursary Fund 553 - 553
The Jen Mills Award - (1,028) (1,028)
553 (1,028) (475)
TOTAL FUNDS 188,901 (79,358) 109,543
Fund purposes

The Ladies Association of British Barbershop Singers has four funds.

The general fund is used to fund the main activities of the charity.

The Voices in Harmony fund is a designated fund that was set up to provide grants to fund the development of individuals, choruses and quartets and youth barbershop.

The Katy Phillips fund is a restricted fund from which the Katy Phillips Young Barbershopper of the Year bursary is awarded.

The Jen Mills fund is a restricted fund from which the Jen Mills bursary is awarded.

During the year a transfer of £16,347 (2020: £nil) was made from the unrestricted general fund to the Voices in Harmony designated fund in order to eliminate a cash deficit.

continued...

Page 17

Ladies Association of British Barbershop Singers

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2021.

15. 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 18

Ladies Association of British Barbershop Singers

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Bank interest receivable
Charitable activities
Convention
Education
Subscriptions
Gift aid
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
Grants to institutions
Grants to individuals
Other
Loss on sale of tangible fixed assets
Support costs
Governance costs
Independent examiner's fee
Insurance
Governance expenses
Total resources expended
Net income		 2021
£
323
25
2,365
18
63,861
10,270
538
54
77,106
77,454
13,892
428
1,717
826
-
4,687
125
4,973
-
26,648
101
1,800
8,551
826
11,177
37,926
39,528		 2020
£
586
182
(158)
3,917
92,656
13,170
957
137
110,679
111,447
830
7,410
1,945
3,388
155
4,722
147
7,113
450
26,160
-
1,942
10,139
3,191
15,272
41,432
70,015

This page does not form part of the statutory financial statements

Page 19