| Page | |
|---|---|
| Directors & Company lnformation | |
| Accountant'sIDirectors' report | 2 |
| Statementofincome and retained earnings | 3 |
| Statement of financial position | 4-5 |
| Notes to thefinancialstatements | 6-9 |
| 2425 | 2024 | |
|---|---|---|
| Nole | I | t |
| Turnover | 89,403 | 143,101 |
| Cost ofsales | ||
| Distribution costs | (16,403) | (27,133) |
| Administrative expenses | (54,01e) | (131,537) |
| Operatingprofit{loss) | 18,981 | (15,479) |
| ProfiU(loss) beloretaxation | 18,991 | (15,479) |
| Taxon profiV(loss) | ||
| Profit(loss) forthefinancialyearandtotal | ||
| comprehensive income | 18,981 | (15,479) |
| Retainedearningsatthe startolthe year | 176,800 | 192,279 |
| Betained earningsatthe end of the year | 195,791 | 176,800 |
| All the aotivities of thecompanyarefrom continuingoperations. |
| Societyf | orthe AdvancementotBlack Arts(SABA) | orthe AdvancementotBlack Arts(SABA) | orthe AdvancementotBlack Arts(SABA) | ||
|---|---|---|---|---|---|
| Statement oftinancialposition | |||||
| 31May | 2025 | ||||
| 2425 | 2024 | ||||
| Note | t | t | t | t | |
| Fixedasset$ | |||||
| lnvestments | 6 | 20,000 | 20,000 | ||
| 20,000 | 20,000 | ||||
| Current assets | |||||
| Debtors | 7 | 149,832 | 149,83'l | ||
| Cashatbankand in hand | 39,725 | 30,164 | |||
| 189,557 | 179,9S5 | ||||
| Creditors: amountsfalllngdue | |||||
| withinoneyear | 8 | (4,302) | (5,202) | ||
| Netourrent assets | 185,255 | 174,7W | |||
| Total assets lesscurrent liabilities | 205,255 | 194,793 | |||
| Creditors:amountsfallingdue after more than oneyear |
I | (9,474)' | (17,993) | ||
| Netassets | 195,781 | 176,800 | |||
| Capital and reserves | |||||
| Profit and lossaccount | 195,781 | 176,800 | |||
| Shareholdersfunds | 195,781 | 176,800 | |||
| l:-- |
| Tangible assets | ||||
|---|---|---|---|---|
| Freehold | Plant and | lvlotor | Total | |
| property | machinery | vohicles | ||
| t | t | t | t | |
| Cost At1June2024and 3'lMey 2025 |
j3{s | 4,082 | 8,400 | 24,992 |
| Depreciation | ||||
| At1JuneZA24and31ilay2025 | 12,500 | - 4,092 |
8,400 | 24,982 --- |
| Carrying amount | ||||
| At31May2025 | ||||
| - | ||||
| At31May2024 | - | |||
| -.--..-- |
| Societyforthe AdvancementofBlaclt Arts(SABA | ) | ||
|---|---|---|---|
| Notes to thefinancialstatements(continued) | |||
| Yearended31 May2025 | |||
| 6. | lnvestments | ||
| Loans to | Total | ||
| group | |||
| undertakings | |||
| and | |||
| participating | |||
| interestst | f | ||
| Cost | |||
| At1June2A24and3lMay 2025 | 20,000 | 20,000 =:::':- |
|
| lmpairment | |||
| At1June2024 and 31 May2025 | ---- | ||
| =--- | |||
| Carrying amount | |||
| At31May2025 | 20,000 | 20,000 | |
| At31May 2024 | 20,000 | 20,000 ::=:=: |
|
| - | |||
| 7. | Debtors | ||
| 2025I | 2024t | ||
| Otherdebtors | 149,832 1--j |
143,831 .'-...'....._ |
|
| 8. | Creditors: amountsfallingduewithinoneyear | ||
| 202st | 2024 | ||
| Social securityand othertaxes | 752 | 752 | |
| Other creditors | 3,550 | 4,450 | |
| 4,302 :::-: |
5,202 -''-'-'.**... |
||
| 9. | Creditors: amountsfallingdue after more than oneyear | ||
| 2A2s E |
20i24t | ||
| Bank loans andoverdrafts | 9,474 | 17,593 | |
| 10. | Directors advances, credits and guarantees |
| 2025 | ?024 | ||
|---|---|---|---|
| s | t | ||
| Turnover | |||
| Sales | 16,350 | 4,611 | |
| Event SaleswithDonations | 4,820 | 12,000 | |
| Grants | 68,233 | 1?6,580 | |
| 89,403 | 143,191 | ||
| Grossprofit | 89,403 | 143,191 | |
| Grossprofitpercentage | 100.0% | 100.0% | |
| Overheads | |||
| Distribution costs VenueHire |
(16,403) | (27,133) | |
| Administrativeexpenses | |||
| Temporary Staff | (3001 | (2,340) | |
| Stafftraining | (17,094) | ||
| Management expenses | t | 2,421| | (1e,884) |
| Rentpayable | (5,711) | (12,296) | |
| Rates | (2,942) | (9,814) | |
| lnsurance | (1,350) | (1,960) | |
| Light and heat | (11,341) | (10,815) | |
| Printing,postf,geandstationery | (3,509) | (3,896) | |
| Advertising | (2,660) | (11,487) | |
| Telephone | (3,e66) | (4,748) | |
| Computer costs | (2,63e) | {4,033) | |
| Hire ofequipment | (3,284) | ||
| Motorexpenses | (1,733) | (4,830) | |
| Travellingandentertainment | {52) | (406) | |
| Legalandprofessional | (1eo) | (2,125) | |
| Consultancy tees | (16,587) | ||
| Accountancy fees | (1,'100) | (eoo) | |
| Bankcharges | (323) | (782) | |
| Subscriptions | (3,692) | {4,256) | |
| v4,422) | (158,670) | ||
| Operatingprofit{loss) | 19,991 | (15,479) | |
| Operatingprofit/(loss)percentage | 21.2% | 10.8% | |
| ProfiU(loss) before taxation | : | 18,981 | !:{9.) |
| Report Contents | ||
|---|---|---|
| ReportOverview | :Page3 | |
| SABA Project Achievements | Page | |
| Conclusion | :Page7 |