LADIES ASSOCIATION OF BRITISH BARBERSHOP SINGERS
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £10,058 for the year ended 31 December 2023, resulting in total unrestricted reserves of £286,415. The trustees note that these reserves are below the stated policy target of £312,953 (one year of expenditure) due to a planned budgetary deficit, but consider the charity able to continue as a going concern with ample reserves to absorb the deficit.
What the accounts disclose
“The total unrestricted reserves held at 31 December 2023 were £286,415 (2022: £292,562). 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.” — page 6
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2022) to "below" (FY2023).
Register events
- Received assets from another charity (03/02/2022)
Trustees
- ALISON JEAN GALLOWAY
- Agnes Kerr Philbin
- Alison Judith Thompson
- Alison Liddell
- Chloe Cale
- Elizabeth Mountain-Town
- Jill Cook
- Kathryn Lynne Middleton
- Kristina Maria Mair
- Susan Anne Georgina Ranson
- Zelda Louise Gray
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £277k | £241k |
| 31/12/2023 | £303k | £313k |
| 31/12/2022 | £228k | £243k |
| 31/12/2021 | £77k | £38k |
| 31/12/2020 | £111k | £41k |
Common questions
Is LADIES ASSOCIATION OF BRITISH BARBERSHOP SINGERS financially healthy?
The accounts state that the charity reported a net expenditure of £10,058 for the year ended 31 December 2023, resulting in total unrestricted reserves of £286,415. The trustees note that these reserves are below the stated policy target of £312,953 (one year of expenditure) due to a planned budgetary deficit, but consider the charity able to continue as a going concern with ample reserves to absorb the deficit. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| M AND L COHEN CHARITABLE TRUST | 1 | £38k |
| THE DEO GLORIA TRUST | 1 | £4k |