2021-03-31-accounts

						Page
Reference and administrative details
Chair's Report						2-3
Trustees' Annual Report	)incorporating		the	Directors Report)		4-9
Independent ExamineVs	Report	to the	Trustees			10
Statement of Financial	Activities	)including		Income and Expenditure	Account)
Balance Sheet						12
Notes tothe financial statements						13 ~ 21

Yese ended	Yese ended	31 March	31 March	2021
Registered	cbargy		name		Black Swan Arts	Ltd
Charity reglslraHon			number		292463
Campany	regtslragon			number	0194455I
Principal address			and
registered	aglce				The Black Swan
					2 Bridge Street
					Frome
					Somersef
					BA I I IBB
The trustees
					R I-lart
					R Morland
					SRees	(retred	9February 202II
					KBroughton	(rerrred	17Alay 202 II
					SSherrin
					H Roughley
					M Lloyd	(oppornled 5August 202 II
Independent		Examiner			joshua Kingston	ACA
					Burton Sweet Limited
					Ch art sr ed Acco un tan ts
					Cooper House
					Lower Charlton	Estate
					Shepton Mallet
					Somerset
					BA4 5QE

			Unmstdcted	Endow ntcrit	Taint Funrk	Total Funds
			Funds	Fvnds	2821	2020
		Hole	8	S	2
Income from:
Donations ond Mgooes			6,563		6563	4A15
C hant a bie activities			77.505		77,505	24,920
Other troding activities			25,077		25,077	58,866
Other			5.015		5015	5,843
Told income			114,160		114,160	94,04r
ErlvendUVre on:
Raising funds			1,511		1,511	7,292
Charitable activities		10	67.535	11,523	79,058	121,166
Told expendHure				11,523	80.569	128,458
HetIncome((e~) net movement In tvnds	and	11	43114	(1 1323f	33.591	f34,414i
Tdd funds ot stod ofyecv			f25,698]	473,450	447.752	482,166
Telvl fvndr sit end ofYear				. r		447,752

				202 T
				2
Hxed assets
Intangible	Assets		'Id	16.942	19A52
'Iong ible assets			17	512 099	521,490
Investments			Ul	100	100
				529,141	541.042
Ceasel nants
Debtors				24,353	24,922
Cash at bank and		in hand		33.139	1,877
				57,492	26,799
UsdttUNes
Creditors	amounts	telling
due	within	one year		(15.1211	[25.345(
Net euneet	assets			42,371	IA54
Tofsd asseh	less eunent RahiNles			571.512	542,4'96
Crednors	amounts	fallmg
due	affer more Ihan one yea			(90,169(	(942441
Net asseh					447,752
FUNDS
Unreftdcted	tends
General funds				I9,4 16	(25.6981
End osnn ant	tends			461227	473,450
Tofsd funds			23	481,343	447,752

	TakIFands	TotalFvndS
	2021	2020
	2	E
Donations	6.563	4,415
		4,415

		Tokl Fends	Ioiol Fvnds
		2021	2020
		E
performance-relared	grants	77,505	24.920

Income fro	m: Other trading acNvUles
		Talal Funds	Total Funds
		2021	2020
Fundraising	Events	123	14,699
Friends Subscriptions		20119	524
Rental income		22935	43,643
			58,866

			Fetid Funds	Ialal Funds
			2021	2020
				6
GaUery Sales			5,015	52143
All other income	in the current and previous	yern wos urveslricted.

Totol Funds	TotalFunds
2021 0	2020l
1,511	7.292
	7,292

		ActlvSes
		Undertaken	Support	foist Funds
		DlrecUy	Costs	2021
		0	2
G00ery 3Exhibitions		9,486	3,335	12,821
Education		7,644	1,058	8,102
Preservation	ofThe BlockSwan	27.287	4,905	32,192
Black Swam	Cafe	2,510		2510
Governance	Costs		22833	22,833
		46,927	32,131	79,058
Fdor Yem Comparative		ActlvUlm
		Undertaken	3uppod	Tohd lands
		DirecUy	Costs	2020
		0		8
Gallery 8 Eshitsitions		36,595	3.952	40,547
Education		975	1,701	2.676
Preservation	ofThe Black Swan	64,256	!363	71,619
Black Swam	Cate	2,5 10		2,510
Governance	Costs			3314
		104.336	16.830	121,166

	This isstated offer charging:
			2021		2020
				E.	E
	Amortisation ot intangikse assets			2,510	2510
	Depreciation ot longible assets			14,199	14,317
	Fees payable to the independent Examiner for; Independent exarninatiOn Of Ihe flnanaial Statemenls				I,429
12	Sickcosts and numbers
	The total staff costs and employee	benefits far the reporting	period ore anatysed	as follows
			2021		2020
				S	E.
	Wages &salaries			11.172	19,219
				11.172	19,219
	The average employee head count during the year was 2		f2020. 2)
	No employee received emoluments	of more than E60,000during lhe year Or Ihe previous year
	The key management peaonnel are considered to be Ihe		Irusteer
	Ihe tOtal emplOyee benefits received by key management		personnel were Enil	f2020:Snili
13	TexeHon
	The chanty isexempt from corporation tax on its charitable		activities.
I4	Tnrslee remeneroHen and expenses

IS	Statement ofNnancial	Statement ofNnancial	Acgvtges comprmrlheggures	Acgvtges comprmrlheggures	Acgvtges comprmrlheggures
						Dnresdded	Endowment	Told Funds
	Far the year ended	31	Nlarch 2D20			Funds	Furtsls	2D20
	Della'lla						2	E
	Income 3Endowments
	Its &legacies					4.415		4,415
	ChOritarole aativitieS					24,920		24.920
	Other trading activities					58.866
	Other inCOme					5,843		5.843
	Taint InCOme					94,044
	Drpendlure on:
	Raidng funds: costs	of	other	trading	activities	7.292		7.292
	Charitable activities					110,795	10,371	121,166
	Told espendgure					.OB		128358
	liattacoma/(~e) and aet movement In funds			tor Ihe yew		I24043)	(10.371I	I34,4141
	Told funds at slat ofyear					I1,655I	483.821	482,166
	TOlat fundu at eed Of VeOr							447,751
I6	Inl angl tie Assets
	Cost
	Al I Apnl 2020 and 31
	March 2021
	Amorgsalhm
	Al 1 Aaril2020							5.648
	Charge tor the year							2410
	Al 31 March 2021							S,TSR
	Cwrylng amount
	At 31llorch 2021							'16,942
	At 31 March 2020							19.452

17	Tangible Rued asseh
		Lond and	Fhlures	and
		RuRdlngs I	Nglngs I			Equlnmenl I	Tolol I
	Cost
	At I Apnl 2020	576,152	24,947			22.406
	Additions				856	3,952
	At 31 March 2021						628,313
	De grec logo n At I April 2020	60,445	23,425			21.145	102,015
	Charge for the year	Ii,523			645	2031		14,199
	At 31 Maictt 2021	71.968	21,070			23.176	116.214
	Net book value
	At 31 Morr-h 2021	504.184					512.099
	At 31 March 2020	515,707		4,522		1,261	52		1,490
18	Inve elmenb
							Shares In	grave
							terlatrh		gsI
	Cost or valuation
	At I ATsit 2020and 31
	tvlaich 2021
	Csmymg amount
	At 31 March 2021								100
	At 31 March 2020

	SIN1I
Due in less than one yean
Trade debtors	1,264	385
Amounts owed by group and associated undertakings	22,087	22.087
Prepayments and accrued income	1,002	2,450

Bank LOOn Ond Overdraft	6,883	9,557
Other crediiors	5.425	7,275
ace(oats ond deferred income	2.813	8,513
	15.121	25,345

				2021	2020
				E
Bank	Loans	8	Over(fiofrs	90,169	94,744
				90,169	94,744

		At 1 Apr					At 21	lBar
		2020	Income			Tranden	2021
		E	E				E
Uruuddcted	Funds
Generalfundt		)25,698)	114,160		)6'7,0461			19,416
		~(C. 8	.	0	((2			19.416
Endowment
The BlockSwan arts and
Crafts Centre		473,450			)11,523)		461,927
		473,450			11.523		461,927
Total funds		447,752	114.160		80.569		481,343

Forthe year ended 31 Rlar	ch 2020
	At 1 Apr				At 31 Eeor
	2019	Income	RxtmndRure	Traatfea	RmD
	E	t			2
R rue shk led Funds
Genera(Funds	[I,655) 1,655	94044 94,044	(118087) (118,087)		(25.6'98( ~r5. ri
En do sonant
The Black Swan Arts and
Crafts Centre	4832121		(10,371(		473,450
	4832121		(10,371(		473,45D
Total tends	482,166

nayss o			w en	U~	Endowment	Tdrrt
As at 31 Rlmch 2D21				Funds	Funsh
				E	E	2
Tangible Fixed Assets				50,172	461,927	512.099
Intangible	Assefs			16.942		16,942
Invetlmenlt				100		I OD
Net Current	Assets			42,371		42371
Credi too greater		thon	I year	(90.169)		(90,169)
				19,416	461.	481.343
				Vnreshicted	En dew ment
As at 31 Rlorch 2020				fundst	funds 8	E
Tangible Fixed Asmts				48,040	473N50	521,490
Intangible	Assets			19.452		19N52
Invetlrnenlt				100		I00
Net Cunent	Assets			1.454		IN54
Conditae greater		than	I year	(94,744)		f94,744)
				25.698	473,450	447.752