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← Set Centre

2020-12-31-accounts

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Set Centre

Financial Statements

Year ended 31 December 2020

Trustees' Annual Report .................................................................................. 2 Structure, governance and management ..................................................... 5 Organisational Structure .............................................................................. 6 Objectives and activities ............................................................................... 7 Achievements and performance ................................................................... 8 Financial review ......................................................................................... 12 Independent examiner's report to the trustees …………………………………...13 Statement of financial activities…………………………………………………….14 Statement of financial position……………………………………………………..15 Notes to the financial statements………………………………………………….16

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Kate Dunn , Skin of Light, exhibition installation, SET Alscot Road, 2020
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Set Centre

Trustees' Annual Report

Year ended 31 December 2020

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2020.

Reference and administrative details

Registered charity name Set Centre

Charity registration number 1170903 Principal office SET Woolwich Riverside House London SE18 6BU

The trustees

Ms Brennan Dr Thomas Dr Bickley Trott Mr McLaren

Accountants

Axis Accountants Ltd Chartered Certified Accountants Suite 14, Zeal House, 8, Deer Park Road London SW19 3GY

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Set Centre

Trustees' Annual Report

Year ended 31 December 2020

SET’s financial year coincides with the calendar year – and so in the first quarter of 2020 SET, like many other organisations, had to redraw plans in the face of the coronavirus pandemic. One of the main focuses of the organisation up until the pandemic, had been the delivery of a nightly performing arts programme at SET’s arts venue in Dalston – this nightly programme was halted in early March 2020 and has not been restarted in that venue.

It soon became clear that the parameters for fulfilling SET’s objectives had changed – one of the main focuses of 2020 became support of artists, SET’s Associate Members, both in maintaining much needed access to workspace as well as financial support. SET’s arts programme continued with part of the programme becoming digital, but SET also found new ways to deliver live or hybrid projects throughout the year. After adapting and developing new ways of working throughout the year, the last few months of 2020 marked the end of SET’s first centre, Alscot Road, a meanwhile use site which had come to an end, but also saw new opportunities arise and a vindication of SET’s model – one new centre opened in New Cross and in December 2020 SET began contractual negotiations for the delivery of a new, 140,000 sq ft SET Centre in Woolwich. The way in which SET continued to achieve its objectives during the pandemic means the Trustees are confident the organisation will continue to flourish in the future.

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Associate Members at SET Wimbledon. Photo Tim Bowditch
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Set Centre

Trustees' Annual Report

Year ended 31 December 2020

SET’s objectives are to promote, improve and advance education in, and appreciation of, the arts in particular but not exclusively through the facilitation and management of workshops and arts projects, for the public benefit.

SET fulfils its objectives in SET Centres through an arts programme and the provision of genuinely affordable artists workspace. SET aims to:

1. Curate an inclusive and exciting multi-disciplinary arts programme.

2. Provide genuinely affordable artists workspace and create new pathways into the arts.

3. Create supportive communities within SET Centres where artists can develop their work.

4. Support local communities by providing facilities and projects which are developed with communities local to SET Centres.

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Set Centre

Trustees' Annual Report

Year ended 31 December 2020

Structure, governance and management

SET is a Charitable Incorporated Organisation founded in 2016. SET promotes, improves and advances education in, and appreciation of, the arts in particular but not exclusively through the facilitation and management of workshops and arts projects, for the public benefit. SET Centre CIO advances the public's education in the arts by managing SET Centres, which are arts centres across London. SET curates an arts and educational programme, SET projects, including an Associate Members' programme, at SET centres. The CIO is governed by its constitution and trustees: Amy Brennan, Robert McLaren, Alex Thomas and Alexandra Bickley Trott oversee the governance of the charity, including the recruitment and appointment of SET’s Management team. SET's Management team consists of the Directors, Roland FischerVousden, Joshua Field and Oliver Tobin. SET's Studios Managers are Aimée Neat and Jemima Thomas (the latter appointed in 2021). SET’s Curator and Associate Members’ Programme Coordinator is Ellie Dobbs. Further positions have been created in 2021.

The Management team runs SET on a day-to-day basis, and reports to the trustees at quarterly Trustees’ Meetings. The Studios Manager(s) manages the artists’ workspace at SET Centres, and is the first contact point for the Associate Membership. The Management roles and Studios Manager role are permanent, but the Trustees review on an annual basis at a Trustees Meeting. The role of Curator and Associate Members’ Programme Co-ordinator was not permanent in 2020. The Trustees themselves have fixed one-year terms, at the end of which they may be reappointed by a resolution passed at a meeting of the Trustees. In 2020, Trustee Caitlin McNamara stepped down as a Trustee. Despite this, in the Trustees, Management, Studios and Programme Management team, SET has a strong range of skills at its disposal, including business acumen, community relationship management, organisation management, and academic, policy, technical and artistic skills.

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Josie Jenkins, Red Double Yellow Lines, part of the Potholes project, SET Lewisham, November 2020
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Set Centre

Trustees' Annual Report

Year ended 31 December 2020

Organisational Structure

In 2020 SET Centre CIO consisted of Trustees, the Management, the Studios and Programme Management Team, and SET’s Associate Members. Associate Members use artists' workspace at SET Centres, and co-curate and deliver SET’s Associate Members' programme. SET selects each artist or project hosted at each centre via an ongoing open call. Associate Membership is awarded and workspace is allocated in accordance with the following criteria:

These criteria are assessed after an informal interview by the Studios Manager, and an application form. Associate Members do not have voting rights on the management or governance of the charity, but have clearly defined obligations to help further the charitable aims of SET. These obligations include participation in SET's arts and educational programme, under the guidance of the Management and Trustees. During 2020 Ellie Dobbs took over the responsibility of managing the Associate Members’ Programme; whilst the Studios were managed by Aimée Neat. Their work is overseen by the Management, who meet weekly to ensure the charity is delivering on its objectives. The Directors are responsible for the general direction of SET’s work, including: acquiring new sites, setting membership fees rates, managing SET’s finances and appointing and working with staff, as well as working directly with the Associate Membership to develop and deliver projects. Quarterly Trustees' Meetings are held to see how and in what way Associate Members have contributed to SET's charitable goals.

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Set Centre

Trustees' Annual Report

Year ended 31 December 2020

Objectives and activities

As previously mentioned the objectives of SET Centre CIO are, for the public benefit, to promote, improve and advance education in, and appreciation of, the arts in particular but not exclusively through the facilitation and management of workshops and arts projects. These objectives are fulfilled by creating communities of artists working at SET Centres, and developing our arts and educational programme, SET Projects, at each SET Centre, in collaboration with our Associate Members.

In 2020 SET offered workspace to approximately 150 artists and had an Associate Membership of approximately 400 (those who leave SET can remain Associate Members for free and still get involved in developing our arts programme further).

SET ran six centres, offering 44,000 sq ft of workspace and project space.

SET Alscot Road opened in 2016 and closed in November 2020. Large project space, predominantly for a visual arts and educational programme; SET Alscot Road Reading Room, a collection of radical narratives of Bermondsey; workspace for 40 Associate Members.

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SET Alscot Road 2016-2020
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SET Dalston Lane opened in 2018. Venue designed for a daily performative arts programme which ran until March 2020 – the project space has to shut due to the pandemic, but the studios remain open); workspace for 28 Associate Members.

SET Lewisham opened in 2019

with a second project space for our visual arts programme, which is facing onto the road with glass windows which became essential for delivering a programme during the pandemic; workspace for 64 Associate Members.

SET Delta Wharf opened 2019 and provides the longest-term studios to 6 Associate Members across 6,000 sq ft. SET Wimbledon opened in 2019 and provides workspace to 22 artists. SET New Cross opened in 2020 offering a new centre to members leaving Alscot Road. The site offers approximately 30 Associate Members workspace, and also a project space and workshop facilities in a yard.

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Set Centre

Trustees' Annual Report

Year ended 31 December 2020

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Anastasia Freygang performs at X U L A, Alscot Road, 2020
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SET has a community-led development of our programme by ensuring that a majority of Associate Members at each SET centre are residents or work within the local borough.

In 2020 over 50% of our membership at each site lived in the Borough local to that SET Centre. In Lewisham and Dalston the figure was over 80%

Our Associate Membership help conceive, develop and deliver our programme: in this sense, the programme reflects the needs of local artists.

In 2020 SET maintained over 90% occupancy rates in studios, despite the affects of the coronavirus pandemic on artists and the creative industries – SET

offered financial support and vital access to workspace throughout the pandemic.

At the beginning of the pandemic a blanket reduction was offered to Associate Members with those who could pay being encouraged to do so. SET Then offered further assistance to those in need through an application process. Without this support many artists would have had to give up their studios which would have impacted on their practice. The appointment of Ellie Dobbs as Curator and Associate Members’ Programme Co-ordinator has meant that SET’s programme has been consolidated and expanded, despite the issues of the coronavirus pandemic.

SET Centre CIO aims to:

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Set Centre

Trustees' Annual Report

Year ended 31 December 2020

Achievements and performance

SET performed well in difficult circumstances in 2020. Much of the focus of SET’s work was on supporting the Associate Membership and building resilience within the community. However, SET also managed to develop and adapt our arts programme.

Artists’ Workspace and Associate Members

One of SET’s biggest achievements was supporting 150 Associate Members throughout the pandemic to keep their workspace and also have access to it in a COVID-safe way throughout 2020. Less than 5% of the Associate Members who held workspace in March 2020 had left by November 2020.

Another achievement was finding a new site for SET’s Associate Members, many of whom have held workspace since 2016, when Alscot Road closed.

Thirdly, SET began negotiations for the largest site yet in Woolwich, a centre which now offers a performance and visual arts programme, workspace to 400 Associate Members across 140,000 sq ft, in December 2020.

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Pagemasters’ Workspace, SET New Cross. Photo Tim Bowditch.
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Set Centre

Trustees' Annual Report

Year ended 31 December 2020

SET Projects and Associate Members’ Programme 2020

Ellie Dobbs was first employed by SET on a freelance basis in August 2019 to curate a series of literary-focused events under the title ‘Collected Verse’ at SET Dalston. In July 2020, her role changed to that of Associate Members’ Coordinator, overseeing the organisation of Associate Members’ exhibitions and programming across five SET Centres. The additional title and responsibilities of Curator were formally added in January 2021. The result of this transition was to centralise and streamline SET’s curatorial process by ensuring that Associate Members had a dedicated point of contact to assist with the organisation of the Members’ Programme. Employing an additional member of staff with curatorial responsibilities has also allowed for a more focused effort to acquire external funding and to develop the SET Projects programme.

SET Dalston: Collected Verse March 2020 – Present

Collected Verse was a bi-weekly programme of writing, performances, workshops and screenings scheduled to take place at SET Dalston between March - June 2020. It was curated by Ellie Dobbs, delivered in partnership with LUX and funded by Arts Council England.

Featured artists included Amelia Barratt, Daria Blum, Patrick Cole, Chloée Maugile, Ella Frears, Fauve Alice, Rita Munus, Gwen Dupré, Raze Collective, Jacqueline Bishop, Lauren Martin, Pagemasters and Amelia Tan.

The programme was scheduled to begin on March 17[th ] 2020, which unfortunately coincided with the start of the first nationwide COVID-19 lockdown. A new iteration of Collected Verse is being delivered at SET New Cross in autumn 2021. This postponement has allowed for the production of new and more developed work with the participating artists and has resulted in an exhibition of Jacqueline Bishop’s ceramics, delivered in partnership with the British Ceramics Biennial 2021. The exhibition will begin in Stoke in September before travelling to SET New Cross in November. A publication will also accompany the exhibition, designed and printed by SET Associate Members, Pagemasters.

SET Alscot

Before its permanent closure in October 2020, SET Alscot hosted SET’s first in-person events over the summer of 2020 due to its large capacity and enclosed yard area, which allowed for sufficient social distancing. Associate Members from other SET Centres such as Guillaume Vandame (SET Lewisham) and Kate Dunn (SET Wimbledon) were able to make use of the project space for solo exhibitions. Images on Contents Page and Page 6.

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Set Centre

Trustees' Annual Report

Year ended 31 December 2020

Responding to Coronavirus // Digital Programme

Over the course of the second lockdown in winter 2020, SET’s programme was required to adapt to the mandatory closure of galleries and arts spaces. SET was able to continue to engage with its audience and support artists in making and exhibiting work by changing the nature of its public offerings – moving some of the programme online and making use of the large windows at the Lewisham project space to continue to exhibit work. An example of this adaptive practice is the exhibition Potholes, which featured SET Lewisham Associate Members Sarah Davis and Alex Stone in collaboration with Liverpool-based artists Josie Jenkins and Max Mallender. The work on display was viewable through the windows of SET Lewisham, with corresponding QR codes providing context and links to sound works by the participating artists. Another example is the large text work by Stephen Draycott Bailey finds some space , pictured on the cover page of this report.

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Sarah Davis, Alex Stone, Josie Jenkins and Max Mallender, Potholes, Nov – Dec 2020, SET Lewisham
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SET also provided released a compilation album of the work of many regular performers at SET Dalston, after its closure. The album, set-awayfrom-home consisted of music made during the first lockdown and was released in July 2020. The album was an eclectic mix of experimental music, featuring music by Bianca Scout, Ben Vince and Pet Grotesque amongst many other musicians.

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Set Centre

Trustees' Annual Report

Year ended 31 December 2020

Financial review

Principal Funding Sources

  1. Associate Membership Artist Workspace Fees

  2. Grant Funding (Arts Council England Project Funding and Mayor of London)

  3. Private Loans to SET Centre CIO

  4. Commercial hire of project spaces for photo and film shoots

Funding and Investment Policy:

SET continues to search for new funding strategies, with the aim of developing new revenue streams, and improving cash flow, to maintain the viability of SET as an organisation and to ensure we can continue to deliver on our charitable objectives. At each new SET Centre, SET also looks to negotiate better contractual terms, so that Associate Membership fees can cover the core funding of the organisation. SET’s core costs are covered by Associate Membership fees, and some of this funding was lost during the pandemic. SET needs to develop more reserves in the future to make the organisation more resilient in the face of difficult unforeseen circumstances.

However, the organisation proved adaptable and resilient to a degree, managing to support Associate Members and maintain 95% occupancy rates in workspace during the pandemic.

Reserve Policy:

SET has some limited funds in reserve. In 2020 SET managed to clear most long-term liabilities. However, some new liabilities were incurred in order to navigate the pandemic terrain. The current membership fees covered SET's core costs in 2020, including the payment of SET's staff.

SET aims to build resilience through the purchase of assets, i.e. purchasing freeholds and leaseholds on new SET Centres.

SET is supported through the Mayor of London’s Culture at Risk Business Support Fund and the Creative Land Trust.

The trustees' annual report was approved on 29 October 2021 and signed on behalf of the board of trustees by:

Mr McLaren Trustee

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Set Centre

Independent Examiner's Report to the Trustees of Set Centre

Year ended 31 December 2020

I report on the financial statements for the year ended 31 December 2020, which comprise the statement of financial activities, statement of financial position and the related notes.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

AXIS ACCOUNTANTS LTD Chartered Certified Accountant

Suite 14, Zeal House, 8, Deer Park Road London SW19 3GY

Date: 28 October 2021

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Set Centre

Statement of Financial Activities

31 December 2020

2020 2019
Unrestricted
fundsTotal funds Total funds
Note £ £ £
Income and endowments
Donations and legacies 4 16,212 16,212 4,668
Charitable activities 5 210,848 210,848 213,806
Other trading activities 6 43,634 43,634 –
───────── ───────── ─────────
Total income 270,694 270,694 218,474
═════════ ═════════ ═════════
Expenditure
Expenditure on charitable activities 7,8 (270,322) (270,322) (214,014)
───────── ───────── ─────────
Total expenditure (270,322) (270,322) (214,014)
═════════ ═════════ ═════════
───────── ───────── ─────────
Net income and net movement in funds 372 372 4,460
═════════ ═════════ ═════════
Reconciliation of funds
Total funds brought forward (624) (624) (5,084)
───────── ───────── ─────────
Total funds carried forward (252) (252) (624)
═════════ ═════════ ═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 13 form part of these financial statements.

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Set Centre

Statement of Financial Position

31 December 2020

2020 2019
£ £
Fixed assets
Tangible fixed assets 13 14,393 19,191
Current assets
Debtors 14 10,057 1,631
Cash at bank and in hand 3,695 1,701
──────── ───────
13,752 3,332
Creditors: amounts falling due within one year 15 35,320 26,803
──────── ────────
Net current liabilities 21,568 23,471
──────── ────────
Total assets less current liabilities (7,175) (4,280)
Creditors: amounts falling due after more than one year 16 (6,923) (3,656)
─────── ───────
Net liabilities (252) (624)
═══════ ═══════
Funds of the charity
Unrestricted funds (252) (624)
──── ────
Total charity funds 17 (252)
════		 (624)
════

These financial statements were approved by the board of trustees and authorised for issue on 28 October 2021, and are signed on behalf of the board by:

Mr McLaren Trustee

The notes on pages 8 to 13 form part of these financial statements.

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Set Centre

Notes to the Financial Statements

Year ended 31 December 2020

1. General information

The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is SET Woolwich, Riverside House, London, SE18 6BU.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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Set Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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Set Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 25% reducing balance Equipment - 25% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

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Set Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

3. Accounting policies (continued)

Financial instruments (continued)

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Donations and legacies

Unrestricted
Total Funds		 Unrestricted Total Funds
Funds
2020		 Funds 2019
£ £ £ £
Grants
Grants and fundings 16,212
16,212		 4,668 4,668
════════
════════		 ═══════ ═══════
5. Charitable activities
Unrestricted
Total Funds		 Unrestricted Total Funds
Funds
2020		 Funds 2019
£ £ £ £
Associate membership fee 210,848
210,848		 213,806 213,806
═════════
═════════		 ═════════ ═════════
6. Other trading activities
Unrestricted
Total Funds		 Unrestricted Total Funds
Funds
2020		 Funds 2019
£ £ £ £
Letting and licensing 43,634
43,634		 – –
════════
════════		 ════ ════
7. Expenditure on charitable activities by fund type
Unrestricted
Total Funds		 Unrestricted Total Funds
Funds
2020		 Funds 2019
£ £ £ £
Studio rents and hire expenses 264,562
264,562		 204,793 204,793
Support costs 5,760
5,760		 9,221 9,221
─────────
─────────		 ───────── ─────────
270,322
270,322		 214,014 214,014
═════════
═════════		 ═════════ ═════════
8. Expenditure on charitable activities by activity type
Activities
undertaken Total funds Total fund
directly Support costs 2020 2019
£ £ £ £
Studio rents and hire expenses 264,562
–		 264,562 204,793
Governance costs –
5,760		 5,760 9,221
─────────
───────		 ───────── ─────────
264,562
5,760		 270,322 214,014
═════════
═══════		 ═════════ ═════════

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Set Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

9. Net income

Net income is stated after charging/(crediting):

Net income is stated after charging/(crediting):
2020 2019
£ £
Depreciation of tangible fixed assets 4,798 6,398
═══════ ═══════
Independent examination fees
2020 2019
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,320
════		 1,320
═══════

10. Independent examination fees

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as The total staff costs and employee benefits for the reporting period are analysed as follows:
2020 2019
£ £
Wages and salaries 78,257 51,259
Job retention scheme grant (33,388)
–
──────── ────────
44,869 51,259
════════ ════════

The average head count of employees during the year was 4 (2019: 4).

No employee received employee benefits of more than £60,000 during the year (2019: Nil).

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity were received by the trustees.

No trustee expenses have been incurred.

13. Tangible fixed assets

Fixtures and
fittings Equipment Total
£ £ £
Cost
At 1 Jan 2020 and 31 Dec 2020 18,750 15,254 34,004
════════ ════════ ════════
Depreciation
At 1 January 2020 8,203 6,610 14,813
Charge for the year 2,637 2,161 4,798
──────── ──────── ────────
At 31 December 2020 10,840 8,771 19,611
════════ ════════ ════════
Carrying amount
At 31 December 2020 7,910 6,483 14,393
════════ ════════ ════════
At 31 December 2019 10,547 8,644 19,191
════════ ════════ ════════

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Set Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

14. Debtors

2020 2019
£ £
Other debtors 10,057 1,631
════════ ═══════
15. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors 14,239 –
Other creditors 21,081 26,803
──────── ────────
35,320 26,803
════════ ════════
16. Creditors: amounts falling due after more than one year
2020 2019
£ £
Other creditors (6,923) (3,656)
═══════ ═══════
17. Analysis of charitable funds
Unrestricted funds
At
At 31 December
1 January 2020 Income Expenditure 2020
£ £ £ £
General funds (624) 270,694 (270,322) (252)
════ ═════════ ═════════ ════

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