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||Page|
|---|---|
|Directors andotherinformation|1|
|Directors report|2|
|Statement of income and retained earnings|3|
|Statement of financial position|4-5|
|Notes to the financial statements|6-9|





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||2023|2022|
|---|---|---|
|Note|E|t|
|Turnover|211,294|352,428|
|Cost of sales|||
|Distribution costs|(26,347)|(37,469)|
|Administrative expenses|{218,413)|(203,620)|
|Operating(loss)/profit|(33,466)|111,339|
|(Loss)/profitbeforetaxation|(33,466)|111,339|
|Taxon(loss)/profit|||
|(Loss[profitforthefinancialyear andtotal|||
|comprehensive income|(33,466)|111,339|
|Retainedearningsatthe start of theyear|225,745|114,406|
|Retainedearningsatthe endofthe year|192,279|225,745|
|All the activitiesofthe company arefromcontinuing operations.|-||





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|Societyf|orthe AdvancementofBlackArts(SABA)|orthe AdvancementofBlackArts(SABA)|orthe AdvancementofBlackArts(SABA)|||
|---|---|---|---|---|---|
||Statement of financialposition|||||
||31May|2023||||
|||2023||2022||
||Note|t|t|t|t|
|Fixedassets||||||
|lnvestments|6|20,000||20,000||
||||20,000||20,000|
|Current assets||||||
|Debtors|7|149,831||135,298||
|Cash at bank and in hand||53,261||105,288||
|||203,092||240,586||
|Creditors: amountsfallingdue<br>withinone year|I|(4,302)||(2,650)||
|Netcurrent assets|||198,790||237,936|
|Total assets less currentliabilities|||219,790||257,936|
|Creditors: amountsfallingdue||||||
|aftermorethanone year|9||(26,511)||(32,191)|
|Netassets|||192,279||225,745|
|Capitalandreserves||||||
|Profit and loss account|||192,279||225,745|
|Shareholdersfunds|||192,279||225,745|



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|The average number of persons employed<br>Tangible assets|bythe company dur|ing the year am|ountedtoNil|(2022:Nil).|
|---|---|---|---|---|
||Freehold|Plant and|lvlotor|Total|
||property|machinery|vehicles||
|Gost|t|t|€|t|
|At1June2A22and31May 2023|12,500|4,082|8,400|24,992|
|Deprcciation|||||
|At1June2A22and 31May2028<br>Carrying amount|12,500|4,082<br>:_:|8,400<br>:.---|24,992|
|At31May2023|||||
|At31May2022||-|-||





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|6.|lnvestments|||
|---|---|---|---|
|||Loans to|Total|
|||group||
|||undertakings||
|||and||
|||participating||
|||interests||
|||e|E|
||Cost|||
||At1June2A22and31May2023|20,000|20,000|
||lmpairment|||
||At1June2Q22and 31May 2023|||
|||-----||
||Garryingamount||--_-_-|
||At31May2023|20,000|20,000|
||At31May2022|20,000|20,000|
|||-||
|7.|Debtors|||
|||2423|2022|
|||t|s|
||Other debtors|149,931|135,298|
|||._||
|L|Creditors: amountsfallingduewithinone year|||
|||2023t|2022<br>c|
||Social security and other taxes|752||
||Other oreditors|3,550|2,650|
|||43a2|,s50|
|||-..-----_.-||
|9.|Creditors: amountsfallingduealtermorethanone year|||
|||2023|2022|
|||t|€|
||Bank loans and overdrafts|26,511|32,191|
|10.|Directorsadvances,creditsandguarantees|||





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||2023|2422|
|---|---|---|
||E|g|
|Turnover|||
|Sales|7,500|14,124|
|Event SaleswithDonations|9,755|10,982|
|Grants|194,039|327,326|
||211,294|352,429|
|Grossprofit|2',11,294|352,428|
|Grossprolitpercentage|'100.0%|100.0%|
|Overheads|||
|Distributioncosts|||
|VenueHire|{26,347)|<br>(37,469)|
|Administrative expenses|||
|Temporary Staf{|(11,893)|(5,821)|
|Staff training|(8,338)|(12,798)|
|Management expenses|(49,589)|(45,239)|
|Rent payable|(15,140)|(29,257)|
|Rates|(2,633)|(77e)|
|$ervicecharges|(27,045)|(30,996)|
|lnsurance<br>Light and heat|(4,687)<br>(3,842)|{3,882)<br>(4,273\|
|Repairsandrnaintenance|(280)|(1,550)|
|Printing, postage and stationery<br>Advertising<br>Telephone|(12,689)<br>(9,322)<br>(6,801)|{11,622)<br>t7,229)<br>(7,O77)|
|Computercosts|(14,182)|(10,995)|
|Hire of equipment|(7,766)|(7,410)|
|Motor expenses|(4,130)|(3,05't)|
|Travelling and entertainment|(5,346)|(2,633)|
|Legal and professional<br>Consultancy fees|(10,8e0)<br>(16,845)|i2,626)<br>(11,290)|
|Accountancyfees|(1,110)|(2,070)|
|Bank charges|(e75)|(1,126\|
|Subscriptions|(4,e10)|(1,8s7)|
||t2M,76q|(241,089)|
|Operating(loss)/profit|(33,466)|111,339|
|Operating(loss)/profitpercentage|15.8%|31.6%|
|(Loss)lprofitbeforetaxation|(33,466)|'t11,339|





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