``` REGISTERED COMPANY NUMBER: 04891164 (England and Wales) REGISTERED CHARITY NUMBER: 1101304 ``` ## **`REPORT OF THE TRUSTEES AND`** ``` UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ``` ## **`FOR`** ## **`STEPHEN SPENDER TRUST`** ``` (A COMPANY LIMITED BY GUARANTEE) ``` ``` STEPHEN SPENDER TRUST ``` ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021`** ||**`Page`**| |---|---| |**`Report of the Trustees`**|`1 to 9`| |**`Independent Examiner's Report`**|`10`| |**`Statement of Financial Activities`**|`11`| |**`Balance Sheet`**|`12 to 13`| |**`Notes to the Financial Statements`**|`14 to 20`| |**`Detailed Statement of Financial Activities`**|`21`| ## **`STEPHEN SPENDER TRUST`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present theirreportwiththefinancialstatementsofthecharityfortheyearended31March2021.The trustees haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ``` Thetrustees,whoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present theirreportwiththefinancialstatementsofthecharityfortheyearended31March2021.The trustees have adoptedthe provisionsof the Statementof RecommendedPractice(SORP)'Accountingand Reporting by Charities' issued in March 2005. ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` - Toadvancepubliceducationabout,andappreciationof,thearts,particularlyliterature,inandafter the twentiethcentury,withspecialbutnotexclusivereferencetothelifeandworksofStephenSpender and his contemporaries; ``` ``` - To promote, and assist in promoting, research into the arts; ``` ``` - To promote such other charitable purposes as the trustees may decide. ``` ``` InspiredbyStephenSpender'sliteraryinterestsandachievementsaspoet,critic,editor,translator and championofhumanrights,theStephenSpenderTrustaimsoverthenextthreeyearstoconsolidate its position as a leading advocate of literary translation, both educational and professional. ``` ``` Insettingandreviewingourobjectivesandaims,andinplanningandcarryingoutouractivities,we have due regard to the public benefit guidance published by the Charity Commission. In particular, the Trust has: ``` ``` - Increasedpublicappreciationofinternationalliteratureandtheartofliterarytranslationbyholding and promoting the Stephen Spender Prize. ``` ``` - Reachedouttonewaudiencesforinternationalliteratureandliterarytranslationby promotingthe Prize through the media and in schools across the UK. ``` ``` - Providedsignificantopportunitiesfor culturalparticipationamonggroupsof peoplewho might otherwise be excluded, by running our education programmes. ``` ``` -Encouragedhighstandardsofliterarytranslationbyraisingartisticskillsandnurturingand celebrating talent through the Prize and education programmes. ``` ``` - Promoted intercultural understanding. ``` ``` More details of all of our activities are provided over the following pages. ``` ``` Page 1 ``` ## **`STEPHEN SPENDER TRUST`** ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2021`** ## **`ACHIEVEMENT AND PERFORMANCE`** ## **`Charitable activities`** ``` In 2020-21 the charity had two programmes, the Stephen Spender Prize and an education programme. ``` ## `The Stephen Spender Prize` ``` Launchedin 2004in associationwiththeGuardian,and fundedin 2020by theRothschildFoundation, The PolonskyFoundation,TheOldPossum'sPracticalTrust,TheSacklerTrust,andTheBjörnsonand Prodan Foundation,thisannualprizecelebratestheartofliterarytranslationandaimstoencouragea new generationofliterarytranslatorsandlanguage-learners.Entrantstranslateapoemfromanylanguage - ancientormodern-intoEnglish,andsubmitboththeoriginalandtheirtranslationtogetherwitha short commentary.Therearecashprizesforwinnersin fourcategories:Open,18-and-under,16-and-under and 14-and-under.The16-and-undercategorywasanewadditionfor2020,aimingtodiversifythe languages representedandtoincreaseentriesfromyoungpeopleandemergingtranslators.Tothatend,we also added a new category of commendations for first-time adult entrants. ``` ``` The2020prizesawthereturnofthe'Spotlight'strand,arotatingfocusonacommunitylanguage which waslaunchedin2018.Polishwasthefocusin2020,withcashprizesandcommendationsinthree youth categories:18-and-under,14-and-underand10-and-under.Inrecentyearswehavebeendeveloping a bank of virtualresourcesto encouragepeople of all ages to engage in poetrytranslation,and this became a particularfocusduringthepandemic.Asoutlinedbelow[seepointa),VirtualCreativeTranslation, we workedwithtranslators,poetsandteachersacrosstheworldtocurateresourcesandactivities that broughtcreativetranslationtopeopleofallages,wherevertheywere.DirectoroftheTrust Charlotte Rylanddescribedinherintroductiontotheprizebooklethowtheprizehadadaptedtolifeduring the pandemic:'wewereabletotransformtheprizeintoavirtualprogrammethatbroughtthejoyof poetry translationtoisolatedyoungpeopleandadults.Throughvideomasterclassesandliveillustration, remote workshopsandlessonplans,webeamedinternationalpoetryintovirtualclassroomsandinto homes, ensuringthatthisborder-crossing,collaborativeactivitycouldbesharedbyasmanypeopleas possible.' FeedbackfromKatrinaBarnes,anMFLteacheratCombertonVillageCollege,highlightedthe particular value of the prize to schoolsamidstthe challengesof lockdown:'The StephenSpenderPrize could not have arrivedatabettertime.Aswelanguageteachersdevoteourselvestosearchingfornewwaysto engage our studentsfromafar, I am thrilledto be gettingmy studentsinvolvedin a creativeactivitywhich will take themto the heartof what it meansto communicatebetweendifferentlanguages.Now morethan ever, at atimewhenotherculturesmaybelessaccessiblephysically,poetrytranslationhasthepowerto guide students into other worlds, lives, and experiences.' ``` ``` Entriesto the prizedoubledin 2020,with1,000youngpeopleand over300adultstranslatingpoems from 80languages.Thevastmajorityofentrieswerein the14-and-undercategory,reflectingourfocuson that age group. To build on this momentum,at the beginningof 2021 we introducedteacherregistrationfor the prize, ensuringthat we could supportteacherswith resourcesand activities,and give targetedhelp to state schools. ``` ``` Page 2 ``` ## **`STEPHEN SPENDER TRUST`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`** ``` AcclaimedpoetDaljitNagra,judgingtheprizeforthefirsttimein2020,paidtributetothe 'exceptionally highstandard'ofentriesduringthisyearofchange.Heapplaudedhowmanyofthetranslations'felt as thoughtheyhad,alwaysandonly,beenwritteninEnglish,suchwasthequalityofthetranslators'way of transformingpoemsfromonelanguageintoanother.'Thesesentimentswereechoedbyfellowpoet and returningjudge,MaryJean Chan,who affirmedthat'the judgeswereonceagaintreatedto submissions of thehighestqualityfromacrossourtranslationcategoriesthisyear'.Aswellastheimmediately familiar WesternEuropeanlanguages,the winningand commendedentriesincludedTamil,Bangla,Chinese, Cuban Spanish,UruguayanSpanish,TaiwaneseMandarin,Irish,JapaneseandBrazilianPortuguese.Inher first yearonthejudgingpanel,poetandtranslatorKhairaniBarokkareflectedonthe'treat'ofjudging entries from so many languages. ``` ``` Aftermuchcarefuldeliberation,judgesKhairaniBarokka,MaryJeanChan,DaljitNagraand Antonia Lloyd-Jones(forthePolishSpotlightentries)chosetheirwinnersandcommendedentriesacross the categories. ``` ``` Thewinnerofthe14-and-undercategorywasHannahKripaJordan,forhertranslationfromTamilof 'And Yet-OurTamilLife'byManushyaPuthiran.Thetranslationwaspraisedbythejudgesas'bothfunny and moving',standingas 'a poemfull of wisdomfor our difficulttimes'.Secondprizewent to GraceWu for her 'fresh and vivid'renditionof 'muse of the moon'by classicalChinesepoet Li Bai, and third to Caroline-Olivia Edwardsfor'VersosSencillos,VersoIII'byJoseMarti,translatedfromCubanSpanish.Commendations in this category went to Vishal Saha (Uruguayan Spanish), Maddie Stoll (Chinese) and Omar Ullah (Bangla). ``` ``` Theinauguraleditionofthe16-and-undercategorywaswonbyMeganTurtleforhertranslation from Russianof'Donotleaveyourroom'byJosephBrodsky.MaryJeanChanremarkedonhowthe poem 'speaksdirectlytoourcurrentpredicamentamidstCOVID-19,withitscleveruseofbitingsatire expertly translatedinto English'.Second place went to Alessandrod'Attanasio,for his 'tenderlytranslated' rendering of 'Saturdayin thevillage'by ItalianpoetGiacomoLeopardi,and thirdwenttoAliceGarciaKalmusfor the evocative'Iwriteagainstanopenwindow'byMarioQuintana,translatedfromBrazilian Portuguese. CommendationswereawardedtoMatildaStepekfor'Passionsof a GhostlyFury'by Ovid(fromLatin) and to Gabriela O'Keeffe for an extract from 'Tears for America' by Michael Davitt (from Irish). ``` ``` Inthe18-and-undercategory,firstprizewenttoMaryamZaidiforherupliftingtranslationfromItalian of 'TheLemons'byEugenioMontale,whichwascommendedbythejudgesfor'itslyricsensibilityand ability toinspirehope'.SecondprizewenttoOliviaFlintforhertranslationfromMexicanSpanishof 'The Schoolchildren'by PedroSerrano,and third to Isobel Birkelandfor 'Writingrhymeswith Sir Ishii' by Chinese poetQiu Jin (Chinese).Commendationsin thiscategorywenttoVassilGilbert(Japanese),Jasper Maughan (German) and Cosima Deetman (also German). ``` ``` ThewinneroftheOpencategorywasStuartLyonsforhisplayfulrenditionof'WildWestCambridge at Dusk'by Xu Zhimo.MaryJeanChanpaidparticulartributeto the translator'suse of syntax,whichshe said allowedthe Englishversionto 'takeon a life of its own'.Secondplacewas awardedto Marta Ciechanowicz for'TheJoyofWriting'byWislawaSzymborska,whichjudgeKhairaniBarokkadescribedas'ajourney of gratitudeforthewrittenword,keenlytranslatedfromPolish'.BenFergusontookthirdprizefor'dust' by NadjaKüchenmeister,translatedfromGerman.CommendationsintheOpencategorywentto Oliver Fallon(Sanskrit),PeterFrankopan(Russian)andChristopherMacDonald(TaiwaneseMandarin), with additionalcommendationsfor FionaGarratt,LornaAmorand MarkGraingerin the new first-time-entrants category. ``` ``` Page 3 ``` ## **`STEPHEN SPENDER TRUST`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`** ``` In the PolishSpotlightsectiontherewas no 'Open'(adult)section;instead,the eldestage groupwas set at 18-and-under,with furtherwinnersand commendationsin the 14-and-underand 10-and-under categories. TheyoungestSpotlightwinnerwasfive-year-oldAaronFerguson,forhislivelytranslationof'Fromdog to dogfleabobs'by ZbigniewMachej,whileAlexanderFletchertookfirstplacein the14-and-under category forhis'veryimpressive'versionof'OpposingWinds'byTomaszRozycki.The18-and-underwinner was HannaKisiala,whosetranslationofBronislawMaj's'Homecoming'waspraisedbyjudge Antonia Lloyd-Jonesforits'greatempathyandskill'.TheSpotlightsectionsawcommendationsfor Maximilian Hempler(10-and-under)and MichaelaKonkolewska-Grybe(14-and-under),as well as for Skye Slatcher and Patrick Lynch in the 18-and-under category. ``` ``` Inherassessmentofthisyear'sSpotlightentriesoverall,judgeAntoniaLloyd-Joneslaidemphasison the 'literarytalentandimagination'oftheyoungcontestants,affirmingthat'thereareplentyof encouraging signs here for the future of Polish poetry in English translation' as the Spotlight turns to Urdu for 2021. ``` ``` Asever,theannualprizecycleculminatedinthepublicationofaprintandonlinebookletofthe winners' translationsandjudges'commentaries.However,forthefirsttimetheawardseventwasheld virtually, witha livestreamonSST'sYouTubechannel.Thisnewformatenabledtheawardstoreacha much larger andwideraudiencethanusual,withhundredswatchingtheeventonYouTubebothliveand recorded, from every continent. ``` ## **`Education Programmes`** ``` 2020-21wasatimeofgreatchangeandprogressforSST'seducationwork.Withthesupportof the RothschildFoundation,PolonskyFoundation,DerekHillFoundation,JohnSCohenTrust,othertrusts and foundationsand Arts CouncilEngland,we have been able to increaseour reach,developnew programmes, and expandtheteamthatdeliversall of ourwork.We havealsodevelopedan ambitiousnewstrategy for 2022-24,whichwillseeusreachmoreyoungpeoplethaneverbefore,embeddingcreativetranslation in schools across the UK. ``` ``` Ourflagshipeducationproject,CreativeTranslationintheClassroom,continuedin2020-21,taking full advantageofvirtualplatformsandtoolsinordertoreachyoungpeopleacrossBuckinghamshire and Oxfordshire.Inaddition,SSTlaunchedanewnationalprojecton'VirtualCreativeTranslation', developing digitalresourcesandactivities,developedanewschoolsprojectwithPopUpProjectsCIC, and strengthened our partnership with the Queen's College Translation Exchange. ``` ## `(a) Virtual Creative Translation` ``` WithfundingfromArtsCouncilEngland,fromMaytoSeptember2020wedevelopedarangeof virtual 'creativetranslation'resourcestoenableyoungpeopletointeractinnewanddynamicways with internationalliterature,asbothacomplementandadditiontoourannualpoetryprizeand CTiC programmes.Ourvirtualresourcesreachedyoungpeopleintheirhomes,enablingthemtorealise their creativepotentialandtoengagewithhigh-qualityinternationalculturewhileschoolswereclosed and socialisolationextreme.Alloftheresourceswerepublishedonournewresourceshuband YouTube channel, and form a strong foundation for our future development. ``` ``` Aspartofthisvirtualoffering,wecommissionedpoetsandtranslatorsfromacrosstheworldto curate virtualbookletsofpoetryin14(mostlynon-European)languages,andwedevelopedthree innovative audio-visualprojectsfor young people:'PicturingPoetry','Poemsfrom Home'and 'Listento the Music'. We alsoworkedwithfourfreelancetranslatorsandseveralinternationalpartnerstocurateadatabaseof 37 children'sbooksandgraphicnovelsintenlanguages,togetherwithclassroomresources.This database provides educators with tools and activities for multilingual creative learning. ``` ``` Page 4 ``` ## **`STEPHEN SPENDER TRUST`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`** ``` Ourvirtualpoetrybookletsandresourcesenabledmultilingualchildrentoengagecreativelywith their languagesandtosharethemwithfriendsandfamily.Theseresourcesenhancedouryoung participants' culturalcapital,regardlessofsocio-economiccontextorgeographicallocation.Inthisway,we increased anddiversifiedourreachconsiderably:inMay-August2020ournewvideoswereviewed6,245times and the new resources accessed 8,100 times. ``` ``` TheArtsCouncilfundingalsoenabledustodevelopexistingpartnershipswithinternationaland UK organisationsand to establishnew links (e.g. UAE publisherKalamat,UK-basedWorldKidLit),as well as new collaborationswithindividuals,in particularwomenof Blackand minorityethnicbackgrounds(e.g. writers MohiniGupta,KavitaBhanotand SaschaAuroraAkhtar).Theseand the databaseof virtualresources have put us on an excellentfootingfor new collaborativeprojects,extendedinternationalliteraryexchange, and made our work more environmentally sustainable. ``` ``` Inautumn2020'VirtualCreativeTranslation'wasfurthersupportedbyagrantfromthe Rothschild Foundationfor trainingin virtualfacilitation.This enabledthe SST teamto attendtrainingcoursesin virtual management and facilitation, and to plan training for our creative practitioners for the following year. ``` ## `(b) Creative Translation in the Classroom` ``` CreativeTranslationintheClassroom(CTiC)waslaunchedin2019withfundingfromthe Rothschild Foundation and Polonsky Foundation. The focus for the three-year programme (2019-2022) is on: ``` ``` - bringing translators into schools for workshops and projects ``` ``` - training teachers in creative translation pedagogy ``` - `developing teaching resources to be used across the curriculum.` ``` Ineachyearoftheprogramme,professionaltranslatorspartnerwithteachersatprimary,secondary and supplementaryschoolsto delivercreativetranslationworkshopsand projectsto pupilsin Key Stages2 and 3.Theworkshopsofferaninitialintroductiontotranslation,withactivitiesbasedontranslating comics, picturebooks,plays,poems,rap,filmand more.The longer-termprojectsenableteachersto engage their pupils in poetry translation and the Stephen Spender Prize. ``` ``` Thetranslators,teachersandstudentsworkwitharangeoflanguages,buteachyearone translator focusesona'spotlight'language:Polishin2019-20,Urduin2020-21,andRomanianin2021-22. The StephenSpenderPrizealsoincludesdedicatedstrandsforthisspotlightlanguage,andtheprizeitself is beingdevelopedoverthesethreeyearsintoamoreinclusive,accessibleanddynamicactivityfor young people of all backgrounds. ``` ``` InApril2020theprojectshiftedfromin-persontovirtualengagementasaresultofthepandemic. Our teamoftranslatorsdevelopedvirtualresourcesandactivities,andsupportedtheirpartnerteachers to engagetheirpupils (oftenremotely)in creativetranslationand in the StephenSpenderPrize.We launched anewvirtualresourceshub(multilingualcreativity.org.uk)andYouTubechannel.Thisongoingwork on virtualresources,whichwillultimatelybe housedonthenewSSTwebsite,is keytothelegacyof Creative Translationin the Classroom(CTiC),as it ensuresthat all participatingteacherswill have accessto a bank of tried-and-tested resources which they can use, adapt and integrate into their teaching for years to come. ``` ``` A seriesof reflectionsessionsin June 2020,led by our independentevaluatorMilla Gregorand involving all partnerteachers,translatorsand traineeteachers,producedextremelyusefullearningwhichinformed the followingyearoftheproject.Asaresult,thefocusofYear2(September2020onwards)shifted to resourcingandsupportingteacherstointegratecreativetranslationactivitiesintotheirregular teaching practice. ``` ``` Page 5 ``` ## **`STEPHEN SPENDER TRUST`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`** ``` Insummer2020weselectedthreenewtranslatorstoparticipateintheproject,joiningexisting team membersRahulBeryandRuthAhmedzaiKemp.LauraBennett'sexperienceoftranslating footballers' biographiesmet a welcomereceptionwith many teenageparticipantsin her French translation workshops; whileUrduSpotlightcuratorsSaschaAuroraAkhtarandCherylMoskowitzfocusedonprimary-age pupils. WithtranslatorSarahArdizzoneandeducationconsultantKatrinaBarnes,wedevelopedandrana virtual inductionandtrainingprogrammeforourtranslator-facilitators,whowerethenpartneredwith teachers fromprimaryandsecondaryschoolsinBuckinghamshireandOxfordshiretoco-developand -deliver workshops and projects. ``` ``` In autumnterm2020thetranslatorsdesigned'seasonalactivities',creatingvideoandaudioactivities that weredelivereddirectlybyteachersin theirclassrooms.Followingthisintroductiontocreative translation, thetranslatorsthendevelopedafullworkshopfordeliveryinthespringtermof2021.These included videos,PowerPointsandworksheetsmadebythetranslators,andweredeliveredbyteachersusing the Padletdigitalplatform.Springterm2021alsosawthelaunchofanew'remotestrand'of Creative Translationin the Classroom:a seriesof threewebinarsto introduceteachersacrossBuckinghamshire and Oxfordshire to creative translation. ``` ``` Participatingteachersandyoungpeoplerespondedverypositivelytotheprogramme,highlighting the inclusive and motivational impact of creative translation, as well as its support of reading and writing skills: ``` ``` "ThetrainingfromStephenSpenderTrustgavemetheconfidencetotryoutpoetrytranslationwith my pupils,andtheimpactonmypupils-90%ofwhomspeakalanguageotherthanEnglishathome- was amazing.This partnershipis enablingus to developa rich literacycurriculumfor the schoolthat reflects the needs and interests of our pupils, and includes everyone." ``` ``` "M.(whoyoupraisedforhiscopyingoftheUrduscript)is currentlyworkingatreceptionlevelin literacy. Hecan'treadorwriteindependently,butwhenyoushowedhimhisnameinUrdu-hewassmiling from ear to ear! The others were so eager to show their great work." ``` ``` "Allthechildren,includinglowerabilitychildren,havebeenengagedinthetranslationworkshops. These workshopshavehelpeddemonstrateapurposetolanguagelearningandtranslatingthatmaybe doesn't come across as well during regular language lessons." ``` ``` "I've never really written that much in class before" - Year 7 pupil ``` ``` "I was surprised by how much better the poem sounds in English and how I rhymed it a lot" - Year 8 pupil ``` ``` (c) Multilingual Festival of Children's Literature with Pop Up Projects CIC ``` ``` InMarch2020longstandingdiscussionswithPopUpProjectsCICcametofruitionwithapartnership to developandrunaMultilingualFestivalofChildren'sLiteratureinLondonschools.Thisproject was conceivedasasmall-scalepilot,withaviewtorollingitoutinmoreschoolsandotherregions in subsequentyears.SST's role in the projectis primarilyto programmebooks,authorsand translators, which enabled us to make new connectionswith severalpublishers,authorsand translatorsin the UK and abroad, andtobegintodevelopadatabaseofbooksthatarewellsuitedtocreativetranslation workshops. However,giventhattheprojectreliesheavilyoninternationaltravelandin-schoolevents,delivery was delayed by the pandemic and did not begin during before spring 2021. ``` ``` (d) Queen's College Translation Exchange ``` ``` Page 6 ``` ## **`STEPHEN SPENDER TRUST`** ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2021`** ``` SSTcontinuedtopartnerwiththenewOxford-basedQueen'sCollegeTranslationExchange(QTE)as it developeditsoutreachprogramme,traininguniversitystudentstodesignanddelivercreative translation workshopsin primaryand secondaryschools('CreativeTranslationAmbassadors').It also supportedQTE to develop a translation prize for schools, the Anthea Bell Prize for Young Translators. ``` ## **`FINANCIAL REVIEW`** ## **`Principal funding sources`** ``` Thecharityhasreceiveddonationsandgrantsamountingto£90,977duringtheyear,including £29,750 fromtheJohnLyonsCharity,£12,500fromthePolonskyFoundation,£9,850fromArtsCouncil England (EmergencyResponseFund),£25,100fromthe RothschildFoundation,£5,000fromOld Possum's Practical Trust,£5,000fromthe DerekHill Foundation,£2,000fromthe SacklerTrustand £1,040fromthe Björnson andProdanFoundation,Thisisadecreaseinfundingfromthepreviousyear,whendonationsand grants amounted to £101,758. ``` ``` As at 31 March 2021 the charity had accumulated reserves of £106,445 of which £10,224 are unrestricted. ``` ## **`Reserves policy`** ``` It is the policyof the charityto hold such funds as necessaryto protectthe future operationsof the charity, the minimum permissible level of unrestricted reserves being £15,000, in order to ``` - `Cover a period of low income while remedial action is taken` - `Cover an unexpected loss on a project` - `Cover unforeseen expenditure items` - `Cover any related costs should the trustees ever seek to merge or wind up the charity` ``` The charitydevelopeda 3 year plan to strengthenreservesand furtherthe charity.The 3 year plan was due tobeimplementedinApril2020butCoronavirusputthisonhold.Theglobalpandemichasresulted in increasedspendingoftheunrestrictedreserveswhichattheyearendwerelessthan£15,000.As funding beginstoreturntopre-pandemiclevels,theunrestrictedreserveswillstrengthenfromnew revenue streams as well as reviving school partnerships. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company, limited by guarantee, as defined by the Companies Act 2006. ``` ## **`Recruitment and appointment of new trustees`** ``` The trusteesservea fixed termof threeyears,with the optionof renewingfor a secondtermif the trustee is willing and fellow trustees are in favour. ``` ## **`Organisational structure`** ``` Theday-to-dayadministrationwasundertakenbyCharlotteRylandinconsultationwiththechair of trustees,JonathanHeawood.Thetrusteesmeetfivetimesinthecourseoftheyear,andotherwise fulfil theirfiduciarydutiesbyemailortelephone.Theyreceiveregularmanagementaccountstoallowthem to monitorcloselythemanagementoftheTrust'scashresources,andtheyapprovethenextyear's budget severalmonthsbeforethe beginningof the new financialyear. The Directormeetsthe chair of the trustees once a year for an appraisal and professional development review. ``` ``` Page 7 ``` ## **`STEPHEN SPENDER TRUST`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Induction and training of new trustees`** ``` WhennewtrusteesareappointedtheyareprovidedwithabriefhistoryoftheTrust,itsaimsfor the future,thelatestannualaccountsandtrustees'report,andotherinformationappropriateto their induction, such as Charity Commission guidance. ``` ## **`Risk management`** ``` Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandto ensure appropriatecontrolsareinplacetoprovidereasonableassuranceagainstfraudanderror. Reviewing annuallythescheduleofrisksandtheproceduresinplacetomitigatetheserisks,thetrustees have identified the following risks: ``` ``` - Financial and economic including a shortfall in expected fundraising ``` ``` - Loss of the Trust's Director ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`** ``` 04891164 (England and Wales) ``` ## **`Registered Charity number`** ``` 1101304 ``` ## **`Registered office`** ``` Railview Lofts 19c Commercial Road Eastbourne East Sussex BN21 3XE ``` ## **`Trustees`** ``` Mr Jonathan Heawood Dr David Rogers (resigned 23.11.20) Mr Ben Bransfield Mr Alastair Niven Ms Isabel Lucena Ms Elisabeth Attwood ``` ## **`Company Secretary`** ``` Dr Charlotte Ryland ``` ## **`Independent Examiner`** ``` LMDB Accountants Chartered Certified Accountants Railview Lofts 19c Commercial Road Eastbourne East Sussex BN21 3XE ``` ``` Page 8 ``` ## **`STEPHEN SPENDER TRUST`** ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2021`** ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Solicitors`** ``` Eversheds LLP Kett House Station Road Cambridge CB1 2JY ``` ## **`Bankers`** ``` Barclays Bank UK PLC Oxford City Branch 54 Cornmarket Street OX1 3HB ``` ``` ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act 2006 relating to small companies. ``` ``` Approved by order of the board of trustees on 20 December 2021 and signed on its behalf by: ``` ``` Mr Jonathan Heawood - Trustee ``` ``` Page 9 ``` ## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STEPHEN SPENDER TRUST`** ## **`Independent examiner's report to the trustees of Stephen Spender Trust ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 31 March 2021. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are responsiblefor the preparationof the accountsin accordancewith the requirementsof the Companies Act 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobe auditedunderPart16 of the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying outmyexaminationI havefollowedtheDirectionsgivenbytheCharityCommissionundersection 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` I have completedmy examination.I confirmthat no mattershave come to my attentionin connection with the examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or` `4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be reached. ``` ``` S A Murray FCCA LMDB Accountants Chartered Certified Accountants Railview Lofts 19c Commercial Road Eastbourne East Sussex BN21 3XE ``` ``` 21 December 2021 ``` ``` Page 10 ``` ## **`STEPHEN SPENDER TRUST`** ## **`STATEMENT OF FINANCIAL ACTIVITIES`** ## **`(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021`** |`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`5,738`
`Other trading activities`
`3`
`-`
`Investment income`
`4`
`4`
**`Total`**
`5,742`
**`EXPENDITURE ON`**
**`Charitable activities`**
`The Stephen Spender prize`
`-`
`Administration and website costs`
`8,970`
`CTiC`
`-`
`Polish Spotlight`
`-`
`LLDC Workshop`
`-`
`Virtual Creative Translation`
`-`
`Multilingual Festival`
`-`
**`Total`**
`8,970`
**`NET INCOME/(EXPENDITURE)`**
`(3,228)`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`13,452`
**`TOTAL FUNDS CARRIED FORWARD`**
`10,224`|`Restricted`
`funds`
`£`
`85,239`
`2,928`
`-`
`88,167`
`15,251`
`-`
`46,459`
`-`
`-`
`11,470`
`3,005`
`76,185`
`11,982`
`84,239`
`96,221`|`2021`
`Total`
`funds`
`£`
`90,977`
`2,928`
`4`
`93,909`
`15,251`
`8,970`
`46,459`
`-`
`-`
`11,470`
`3,005`
`85,155`
`8,754`
`97,691`
`106,445`|`2020`
`Total`
`funds`
`£`
`101,758`
`1,581`
`253`| |---|---|---|---| ||||`103,592`
`13,566`
`15,646`
`42,701`
`1,689`
`1,110`
`-`
`-`| ||||`74,712`| ||||`28,880`
`68,811`| ||||`97,691`| ``` The notes form part of these financial statements ``` ``` Page 11 ``` ## **`STEPHEN SPENDER TRUST`** ## **`BALANCE SHEET`** ## **`31 MARCH 2021`** |`Unrestricted`
`fund`
`Notes`
`£`
**`CURRENT ASSETS`**
`Debtors`
`9`
`-`
`Cash at bank`
`11,653`
`11,653`
**`CREDITORS`**
`Amounts falling due within one year`
`10`
`(1,429)`
**`NET CURRENT ASSETS`**
`10,224`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`10,224`
**`NET ASSETS`**
`10,224`
**`FUNDS`**
`11`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
`20,000`
`76,221`
`96,221`
`-`
`96,221`
`96,221`
`96,221`|`2021`
`Total`
`funds`
`£`
`20,000`
`87,874`
`107,874`
`(1,429)`
`106,445`
`106,445`
`106,445`
`10,224`
`96,221`
`106,445`|`2020`
`Total`
`funds`
`£`
`-`
`121,838`
`121,838`
`(24,147)`
`97,691`
`97,691`
`97,691`
`13,452`
`84,239`
`97,691`| |---|---|---|---| ``` The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct 2006 for the year ended 31 March 2021. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` The notes form part of these financial statements ``` ``` continued... ``` ``` Page 12 ``` ## **`STEPHEN SPENDER TRUST`** ## **`BALANCE SHEET - continued`** ## **`31 MARCH 2021`** ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies subject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on 20 December 2021 and were signed on its behalf by: ``` ``` Ms Elisabeth Attwood - Trustee ``` ``` Mr Jonathan Heawood - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 13 ``` ``` STEPHEN SPENDER TRUST ``` ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021`** ## **`1. GENERAL INFORMATION`** ``` StephenSpenderTrustisaprivatecompanylimitedbyguaranteeandregisteredinEngland and Wales.Theregisterednumberandregisteredofficeaddresscanbefoundonthereportof the trustees. ``` ## **`2. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102, havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS 102)(effective1 January2019)',FinancialReportingStandard102'The FinancialReporting Standard applicablein theUK andRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements have been prepared under the historical cost convention. ``` ## **`Income`** ``` Incomeconsistsofdonationsreceivedandgrantssecuredbythecharityduringtheyear. These financialresourcesarerecognisedintheStatementofFinancialActivitiesatthedateinwhich the charity becomes entitled to receive the funds and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have been allocated to activities on a basis consistent with the use of resources. ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the trustees. ``` ``` Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the charity. Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted purposes. ``` ## **`Financial instruments`** ``` Financialassetsandfinancialliabilitiesarerecognisedinthebalancesheetwhenthe charity becomes a party to the contractual provisions of the instrument. ``` ``` continued... ``` ``` Page 14 ``` ``` STEPHEN SPENDER TRUST ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`** ## **`2. ACCOUNTING POLICIES - continued`** ## **`Financial instruments`** ``` Tradeandotherdebtorsandcreditorsareclassifiedasbasicfinancialinstrumentsandare initially measuredatinitialrecognitionattransactionprice.Debtorsandcreditorsare subsequently measuredat amortisedcostusing the effectiveinterestratemethod.A provisionwill be established whenthereisobjectiveevidencethatthecharitywillnotbeabletocollectallamountsdue. Cash andcashequivalentsareclassifiedasbasicfinancialinstrumentsandcomprisecashatbank and short-termbank depositswith an originalmaturityof three monthsor less which are an integral part of the charity's cash management. ``` ``` Financialliabilitiesissuedbythecharityareclassifiedinaccordancewiththesubstanceof the contractual arrangements entered into and meet the definitions of a financial liability. ``` ``` Financial assets are de-recognised when: ``` - `the contractual right to the cash flows from the financial asset expire or are settled; or` - `the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or` - `the charity, despite having retained some but not all off significant risks and rewards of ownership, has transferred control of the asset to another party.` ``` Financialliabilitiesarede-recognisedonlywhentheobligationspecifiedinthecontract is discharged, cancelled or expires. ``` ## **`Employees`** ``` There were no employees in the current or preceeding year. ``` ## **`3. OTHER TRADING ACTIVITIES`** |**`3.`**
**`OTHER TRADING ACTIVITIES`**||| |---|---|---| |`The Stephen Spender prize fees`
**`4.`**
**`INVESTMENT INCOME`**
`Bank account interest`|`2021`
`£`
`2,928`
`2021`
`£`
`4`|`2020`
`£`
`1,581`| |||`2020`
`£`
`253`| ``` continued... ``` ``` Page 15 ``` ``` STEPHEN SPENDER TRUST ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`** ## **`5. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021nor for the year ended 31 March 2020. ``` ## **`Trustees' expenses`** ``` Duringtheyearnotravelexpenseswerereimbursedtotrustees.Intheprecedingyear, travel expenses amounting to £134 were reimbursed to 2 trustees. ``` ## **`6.`** |**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (31 MARCH 2020)`**
`Unrestricted`
`Restricted`
`fund`
`funds`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`648`
`101,110`
`Other trading activities`
`-`
`1,581`
`Investment income`
`253`
`-`
**`Total`**
`901`
`102,691`
**`EXPENDITURE ON`**
**`Charitable activities`**
`The Stephen Spender prize`
`-`
`13,566`
`Administration and website costs`
`15,646`
`-`
`CTiC`
`-`
`42,701`
`Polish Spotlight`
`-`
`1,689`
`LLDC Workshop`
`-`
`1,110`
**`Total`**
`15,646`
`59,066`
**`NET INCOME/(EXPENDITURE)`**
`(14,745)`
`43,625`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`28,197`
`40,614`
**`TOTAL FUNDS CARRIED FORWARD`**
`13,452`
`84,239`|`Total`
`funds`
`£`
`101,758`
`1,581`
`253`| |---|---| ||`103,592`
`13,566`
`15,646`
`42,701`
`1,689`
`1,110`| ||`74,712`| ||`28,880`
`68,811`| ||`97,691`| ``` continued... ``` ``` Page 16 ``` ## **`STEPHEN SPENDER TRUST`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`** ## **`7. INDEPENDENT EXAMINER'S REMUNERATION`** ``` The independentexaminer'sremunerationamountsto an independentexaminerfee of £720 (2020: £696). ``` ## **`8. EMPLOYEE BENEFITS`** ``` Therewere0employees(2020:0employees)whoreceivedemployeebenefitsofmore than £60,000. ``` ## **`9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Trade debtors`
**`10.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Accruals and deferred income`
**`11.`**
**`MOVEMENT IN FUNDS`**|`2021`
`£`
`20,000`
`2021`
`£`
`-`
`1,429`
`1,429`|`2020`
`£`
`-`| |---|---|---| |||`2020`
`£`
`22,759`
`1,388`| |||`24,147`| |||| |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`The Stephen Spender prize`
`The Joseph Brodsky/Stephen Spender`
`prize`
`Polish Spotlight`
`CTiC`
`Virtual Creative Translation`
`Multilingual Festival`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1.4.20`
`in funds`
`31.3.21`
`£`
`£`
`£`
`13,452`
`(3,228)`
`10,224`
`2,712`
`(712)`
`2,000`
`4,988`
`-`
`4,988`
`1,015`
`(1,015)`
`-`
`75,524`
`(16,516)`
`59,008`
`-`
`3,480`
`3,480`
`-`
`26,745`
`26,745`
`84,239`
`11,982`
`96,221`
`97,691`
`8,754`
`106,445`|`At`
`31.3.21`
`£`
`10,224`
`2,000`
`4,988`
`-`
`59,008`
`3,480`
`26,745`| |---|---|---| |||`96,221`| ``` continued... ``` ``` Page 17 ``` ``` STEPHEN SPENDER TRUST ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`** ## **`11. MOVEMENT IN FUNDS - continued`** ``` Net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`The Stephen Spender prize`
`Polish Spotlight`
`CTiC`
`Virtual Creative Translation`
`Multilingual Festival`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`5,742`
`(8,970)`
`(3,228)`
`13,524`
`(14,236)`
`(712)`
`-`
`(1,015)`
`(1,015)`
`29,943`
`(46,459)`
`(16,516)`
`14,950`
`(11,470)`
`3,480`
`29,750`
`(3,005)`
`26,745`
`88,167`
`(76,185)`
`11,982`
`93,909`
`(85,155)`
`8,754`| |---|---| ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`The Stephen Spender prize`
`The Joseph Brodsky/Stephen Spender`
`prize`
`Polish Spotlight`
`CTiC`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.4.19`
`in funds`
`£`
`£`
`28,197`
`(14,745)`
`6,697`
`(3,985)`
`4,988`
`-`
`1,704`
`(689)`
`27,225`
`48,299`
`40,614`
`43,625`
`68,811`
`28,880`|`At`
`31.3.20`
`£`
`13,452`
`2,712`
`4,988`
`1,015`
`75,524`| |---|---|---| |||`84,239`| |||`97,691`| ``` continued... ``` ``` Page 18 ``` ## **`STEPHEN SPENDER TRUST`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`** ## **`11. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`The Stephen Spender prize`
`Polish Spotlight`
`CTiC`
`LLDC Workshop`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`901`
`9,581`
`1,000`
`91,000`
`1,110`
`102,691`
`103,592`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(15,646)`
`(14,745)`
`(13,566)`
`(3,985)`
`(1,689)`
`(689)`
`(42,701)`
`48,299`
`(1,110)`
`-`
`(59,066)`
`43,625`
`(74,712)`
`28,880`| |---|---|---| ``` Restricted funds represent monies given to the charity for a particular activity as follows: ``` ``` The StephenSpenderPrize - annual competitionheld to celebrateliterarytranslationand encourage future literary translators. ``` ``` PolishSpotlight-inNovember2017StephenSpenderTrustwasgrantedinvestmentfunding from theRothschildFoundationtorunapilotforanewprogrammethatwouldintegratethe Stephen SpenderPrizeandtheTranslatorsinSchoolseducationprogrammes.Thisprojectcontinues with further funding from the British Council, the Polish Cultural Institute and the Rothschild Foundation. ``` ``` CreativeTranslationintheClassroom- CTiCisaneducationprogrammethatembedstranslators in schools,trainingthemto co-developand deliverworkshopsand projectswithteachersin Key Stage 2 and 3 classroomsacrossBuckinghamshireand Oxfordshire.The programmeis primarilyfunded by the Rothschild Foundation and the Polonsky Foundation. ``` ``` LLDCWorkshop- a partnershipbetweenStephenSpenderTrust,the BritishCounciland the London LegacyDevelopmentCorporation,whichorganized,inAugust2019,ahalf-daycreative translation workshopaspartoftheBritishCouncil-sponsored'EastSummerSchool',for25youngpeople aged 12-17 in Stratford, East London. ``` ``` VirtualCreativeTranslation-inMay2020StephenSpenderTrustwasgrantedfundingfrom Arts CouncilEnglandto developvirtualcreativetranslationactivitiesfor youngpeoplein the UK affected bythepandemic.Theprojectdevelopsvirtualteachingresourcesandvirtualtrainingfor teachers and translators,and bringsall theseresourceson toSST'snewwebsite,whichwaslaunchedin May 2021. The project continues with funding from the Rothschild Foundation and Foyle Foundation. ``` ``` continued... ``` ``` Page 19 ``` ``` STEPHEN SPENDER TRUST ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`** ## **`11. MOVEMENT IN FUNDS - continued`** ``` MultilingualFestival-aprojectthatbringscreativetranslationandinternationalliterature into secondaryschoolsacrossLondon,throughwebinarsforteachersandworkshopswith professional translators,with fundingfromJohnLyon'sCharity.The projectwas initiallyconceivedin partnership with Pop Up Projects CIC. ``` ## **`12. RELATED PARTY DISCLOSURES`** ``` During the year the charityincurredchargesof £8,810(2020-£20,807)for servicesfromDr C Ryland who was the charity's company secretary during the year. ``` ``` Balances existing with related parties at the beginning and end of the year were as follows: ``` ||`31.03.21`|`01.04.20`| |---|---|---| ||`£`|`£`| |`Dr C Ryland`|`Nil`|`4,516`| ## **`13. GUARANTEE`** ``` Intheeventofawindingup,themaximumamountguaranteedtobecontributedbyeach existing memberandfromeachpersonwhowasamemberwithinthepreceding12monthsis£1.At the date of this report the number of such people is 3. ``` ``` Page 20 ```