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||Page|
|---|---|
|Directors & Company lnformation||
|Accountant'sIDirectors' report|2|
|Statementofincome and retained earnings|3|
|Statement of financial position|4-5|
|Notes to thefinancialstatements|6-9|





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||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.|||





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|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<br>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:--|||



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|Tangible assets|||||
|---|---|---|---|---|
||Freehold|Plant and|lvlotor|Total|
||property|machinery|vohicles||
||t|t|t|t|
|Cost<br>At1June2024and 3'lMey 2025|j3{s|4,082|8,400|24,992|
|Depreciation|||||
|At1JuneZA24and31ilay2025|12,500|-<br>4,092|8,400|24,982<br>---|
|Carrying amount|||||
|At31May2025|||||
||||-||
|At31May2024||||-|
|||||_-.--._.--|





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||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<br>=:::':-|
||lmpairment|||
||At1June2024 and 31 May2025|----||
|||=---||
||Carrying amount|||
||At31May2025|20,000|20,000|
||At31May 2024|20,000|20,000<br>::=:=:|
||||-|
|7.|Debtors|||
|||2025I|2024t|
||Otherdebtors|149,832<br>1--j|143,831<br>.'-...'....._|
|8.|Creditors: amountsfallingduewithinoneyear|||
|||202st|2024|
||Social securityand othertaxes|752|752|
||Other creditors|3,550|4,450|
|||4,302<br>:::-:|5,202<br>-''-'-'.**...|
|9.|Creditors: amountsfallingdue after more than oneyear|||
|||2A2s<br>E|20i24t|
||Bank loans andoverdrafts|9,474|17,593|
|10.|Directors advances, credits and guarantees|||





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|||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<br>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|





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