2025-08-31-accounts - Stephen Spender Trust

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REGISTERED COMPANY NUMBER: 04891164 (England and Wales)
REGISTERED CHARITY NUMBER: 1101304

`REPORT OF THE TRUSTEES AND`

`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025`

`FOR`

`STEPHEN SPENDER TRUST`

(A COMPANY LIMITED BY GUARANTEE)

STEPHEN SPENDER TRUST

`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025`

	`Page`
`Report of the Trustees`	`1 to 7`
`Independent Examiner's Report`	`8`
`Statement of Financial Activities`	`9`
`Balance Sheet`	`10 to 11`
`Notes to the Financial Statements`	`12 to 19`
`Detailed Statement of Financial Activities`	`20 to 21`

`STEPHEN SPENDER TRUST`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31August2025.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`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 AUGUST 2025`

`ACHIEVEMENTS AND PERFORMANCE`

`Charitable activities`

In 2024-25 the charity had two programmes, the Stephen Spender Prize and an education programme.

`The Stephen Spender Prize`

Launchedin2004inassociationwiththeGuardian,andfundedin2025bytheJohnSCohen Foundation,
Old Possum'sPracticalTrust and the Queen'sCollegeTranslationExchange,this annual prize celebrates the
artofliterarytranslation.Itaimstoencourageanewgenerationofliterarytranslators,andto improve
motivationfor and uptakeof languagelearningin schoolsin the UK and Ireland.Entrantstranslatea poem
fromanylanguage- ancientormodern- intoEnglish,and submittheoriginalversionand their translation
togetherwitha'creativeresponse'.Thatresponsecanrangefromashortwrittencommentaryon the
translation,toavisualillustrationofthepoemandtranslation,toanaudioorvideorecordingof the
entrant reading the translation.

`Stephen Spender Prize 2025:Focus on Young People`

In recentyearsSST has focusedincreasinglyon workwith youngpeople,and has seen significantimpact in
termsofyoungpeople'sconfidence,communicationskills,andwellbeing.In2025weredoubled our
commitmentto thisworkby pausingthe Opencategoryforadultsto channelmoreresourcestowards the
developmentofthePrize'syouthandteachercategories.Throughthisstrategicreorientation,we were
abletofurtherdevelopoursupportforschoolswithanewresourceshubtoguideteachersand learners
througheverystepofenteringthePrize,fromchoosingapoemtoproducingacreativeresponse. The
impactof thisenhancedresourceprovisionwasborneoutimmediatelyin the 2025Prize,whichsaw entry
numbers increase across every category, as well as a record number of schools taking part.

Toensurethatevenmoreschoolscouldtakeadvantageofourcreativetranslationresourceswith their
students,wecontinuedtoexpandourteachersupportscheme.Nowcountingalmost1500teachers- the
vastmajorityfromstateschools-theschemeprovidesguidanceandactivityideasthrough regular
e-newsletters,supportingteachersacrosstheUKandIrelandtointegrateinternationalpoetryinto their
teaching during the Prize submission period and beyond.

AswellasenablinglearnersofallagestogetinvolvedintheSchoolsLaureatePrize,wecontinued to
developourTeacherLaureatePrizetoencourageteacherstoparticipateactivelyinpoetry translation,
whilstfosteringnewopportunitiesforexchangeanddiscussionwiththeirstudentsbysharingin the
experience of the translation process.

"Welovethecompetitionandreallyappreciatetheopportunitytotakepartas teacherstoo!We're really
enjoying all the resources that you have on the Stephen Spender website." (Secondary Head of MFL)
Inadditiontoenteringthroughtheirschools,youngpeoplecouldstilltakepartindependentlyin 2025,
throughour IndividualYouthEntrystrand,whichembodiesthe Prize'sfoundingmissionto "encourage and
stimulatea new generationof literarytranslators".In his 2025judge'scommentary,judgeTaherAdel paid
tributetotheremarkabletranslationtalentsthattheIndividualYouthEntrystrandcontinuesto foster,
notingthat"theseyoungertranslatorsmatchedand oftensurpassedthe standardsset by adultentrants in
previous years."

Acrosseverystrandofthecompetition,wesawthetangibleimpactofourongoinginitiativesto widen
participationfrompupilsatUK/Irishstateschoolsandtoproducemorestate-schoolwinners and
commendees.In2025,over75%ofthestudentswhoengagedwiththeprizeintheirschoolscame from
primaryandsecondarystateschools,withstate-schoolentrantsaccountingforthevastmajority of
winnersandcommendees.Thisdiversitywasaccompaniedbyacontinuedincreaseinthenumber of
languagesbeingtranslated.In2025,wereceivedtranslationsfromarecord-breaking81languages across
theyouthandteachercategories,includingmanyHome,HeritageandCommunitylanguagesthat are
rarely visible in the curriculum.

Page 2

`STEPHEN SPENDER TRUST`

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 AUGUST 2025`

"Thankyouso muchforthis opportunity,it has becomea traditionin our school,and it meansso much to
all of us!" (Primary EAL teacher)

AlongsidethePrize'smultilingualstrands,in2025wecontinuedtocelebratepoetryfromaround the
Lusophoneworldwith the secondyearof our PortugueseSpotlightfocus.Followingin the footstepsof our
previousUrdu,RomanianandUkrainianSpotlights,thesecondeditionofthePortugueseSpotlight Prize
includedanevenmoreextensivebookletofsuggestedpoems,featuringworkbypoetsfrom Portugal,
Brazil,Goa,AngolaandMozambiqueforyoungpeopleofallagestotranslate.Wearegratefulfor the
support of a dedicated group of academics and translators, who co-curated this booklet pro bono.
"Wearethrilledanddeeplygratefulfortheopportunitytotakepartinthisyear'sPortuguese Spotlight.
Ourpupilisdelightedbytherecognition,andwe'reveryproudofhisachievement."(Teacher of
Portuguese Spotlight KS1-2 Highly Commended entrant)

`Education Programmes`

`(a) Literature Fires the Imagination`

Insummer2025welaunchedaveryexcitingnewproject,withfundingfromtheWelsh Government's
CurriculumforWalessupportprogramme.'LiteratureFirestheImagination'is a three-yearprogramme to
supportteachersofInternationalLanguagesinWalestointegrateliteratureintotheirteaching, from
primaryschoolonwards.The new Curriculumfor Waleshas a strongemphasison creativityand culture, on
criticalthinkingand interculturalawareness,all of which are centralto our work at SST. During this year we
begantosetuptheprogrammebyrecruitingconsultantstoco-designand-deliverProfessional Learning
and tools for teachers across the three years.

`(b) MLC Young Translators`

Followingasuccessfulpilotin2023-24,thisyearwelaunchedanewthree-yearprogrammeof Creative
TranslationforschoolsinWestLondon,withfundingfromJohnLyon'sCharity.Theworkinthis year
focusedonrecruitingthreepartnerschoolsforthefirstyearofdelivery(2025-26)andrecruiting and
trainingSSTAssociatestodelivertheprogrammeintheseschools.Werecruitedthreeschoolsand three
Associates,todeliverfive-weekprogrammesinFrench,GermanandSpanish.Theprogrammeis designed
tobuildpupils'confidence,interculturalawarenessandcreativeexpression,andtoencourageuptake of
languages at GCSE and beyond.

-- Participating translator

Page 3

`STEPHEN SPENDER TRUST`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025`

`(c) Translators in Schools`

We offeredTranslatorsin Schools[TiS] supportto a numberof arts and educationalorganisations, enabling
themtodeveloptheirCreativeTranslationpracticeforprogrammeswithyoungpeople.The most
prominentof these was Year 2 of our partnershipprojectwith NationalCentrefor Writing,'Young Creative
Translators'.Followingcarefulevaluationofthefirstyearofdelivery,were-designedthe teacher
professionaldevelopmentpartoftheprogrammetofitintooneday.Theprogrammedelivery was
managedby NCW,and deliveredto 12 teachers,who went on to deliverthe 6-sessionprogrammeto their
KeyStagepupils.Theprogrammewasexternallyevaluated,whichfoundthatiteffectively changed
teacher's practice and had a very positive impact on learners, successfully:

"upskillingteachersthroughmodellingandtraining,givingthemtheconfidencetoapply creative
translation techniques within their curriculum teaching.

"transformingyoungparticipantsintomultilingualcreators,abletoaccessandinteractwithliterature in
multiple languages, and to use it as a springboard for their own creative writing and reading choices.

"improvinglearners'communicationskillsandself-expressiontocultivateculturalcapital,and raising
self-esteem, particularly amongst multilingual teachers and pupils.

This impact was evidenced in participating teachers' testimonials:

"Incredibly inspiring, cannot wait to put everything into practice in the classroom"

"Thechildrenreallyenjoyedand engagedwell with this project.It was an amazingprojectto deliverat  our
school since 50% of our pupils are EAL."

"Itgivesadifferentslanttolearninganewlanguage,andgivesitmoreofapurpose,asthey can
communicate with their peers in their home language."

"Thetranslationworkedamazinglywell.Iwassoimpressed,andourschoolhavebeenlovingthe project
(thankyouso much!).We areimprovingthe grammarand sharingthe storytomorrowso willlove putting
it all together!"

One of the participating teachers also made a video testimonial:
https://youtu.be/cpZ3yunnD0E?si=AN6RZBl64RATkmtz

AlliedtoYoungCreativeTranslatorsinNorfolkwasasmallerprojectcentredonGreatYarmouth. With
fundingfromEnjoyGreatYarmouth,theLocalCulturalEducationPartnership,wetrainedtwo local
teachersin creativetranslationand supportedthedeliverytotheirKS2pupils.Theteachersrolledthis out
acrossthewholekeystage,deliveringtoeverychildin Years3-6.Thepartnershipendedwitha workshop
for Year 5 pupils with an SST Associate, and an exhibition of the children's creative pieces in autumn 2025.

TiSworkalsoincludedapartnershipwiththeAHRC-fundedFeministTranslationNetwork(FTN),based at
theUniversityof Birmingham.SSTco-hosteda symposiumat TheQueen'sCollege,Oxford,which included
a panel on creative translation in schools, featuring SST team members and associates.

We alsoworkedwith twoSST Associatesto designand delivertwoSpanishand Frenchcreative translation
workshopsatCheneySchoolinOxford.Inthecomingyear,theseworkshopswillbeturnedinto teaching
resourceswhich will be availableopen-accesson our website.The workshopswere featuredin the school's
newsletter: https://www.cheneyschool.org/137/news/post/81/year-12-feminist-translation-workshop

Page 4

`STEPHEN SPENDER TRUST`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025`

We initiateda new strand of TiS in 2025,dedicatedto professionaldevelopmentfor teachers.This included
deliveringtrainingtoteachersandtraineeteachersinWalesandofferingsupporttoteachersengaging in
the Stephen Spender Prize, via digital resources and webinars.

Inearly2025wepartneredwiththeAdmissionsandOutreachdepartmentattheUniversityofOxford to
designcreativetranslationworkshopsaspartoftheirOxploreprogrammeintheNorthWestof England,
and trained Oxford students to deliver these workshops.

`FINANCIAL REVIEW`

`Principal funding sources`

Thecharityhasreceivedgrantsamountingto£33,800duringtheyear,including£18,900fromthe John
LyonsCharity,£6,000fromtheOldPossum'sPracticalTrust,£3,000fromtheJohnS.Cohen Foundation
and £5,900 from the Welsh Government.

As at 31 August 2025 the charity had accumulated reserves of £39,022 of which £14,981 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, 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 trustees are satisfied that the charity's assets are adequate to fulfil its obligations.

`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.Thetrusteesmeetfourtimesinthecourseoftheyear,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.

`Induction and training of new trustees`

WhennewtrusteesareappointedtheyareprovidedwithabriefhistoryoftheTrust,itsaimsfor the
future,thelatestannualaccountsandtrustees'report,andotherinformationappropriateto their
induction, such as Charity Commission guidance.

Page 5

`STEPHEN SPENDER TRUST`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025`

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`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`

`Registered office`

Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

`Trustees`

J Heawood
B Bransfield
A Niven (deceased 26.3.25)
I Lucena (resigned 23.10.25)
E Attwood (resigned 23.10.25)
S Simmons (resigned 3.10.24)
R Hart
M Carmen Waret (appointed 23.10.25)
F Taylor (appointed 23.10.25)

`Company Secretary`

C Ryland

`Independent Examiner`

LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

Page 6

`STEPHEN SPENDER TRUST`

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 AUGUST 2025`

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Solicitors`

Eversheds LLP
Kett House
Station Road
Cambridge
CB1 2JY

`Bankers`

Santander UK plc
301 St Vincent Street
Glasgow
G2 5NT

Barclays Bank UK PLC
Oxford City Branch
54 Cornmarket Street
OX1 3HB

CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.

18/05/2026

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.................................................................
R Hart - Trustee

Page 7

`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 August 2025.

`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

Date: .............................................

Page 8

`STEPHEN SPENDER TRUST`

`STATEMENT OF FINANCIAL ACTIVITIES`

`(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025`

`Unrestricted` `Restricted` `fund` `funds` `Notes` `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `3` `1,215` `-` `Charitable activities` `The Stephen Spender prize` `-` `9,016` `Translators in Schools` `-` `19,523` `SSP Workshops` `-` `-` `Creative Translation in Schools UoB` `-` `-` `Young Creative Translators` `-` `18,900` `Literature Fires the Imagination` `-` `5,900` `Investment income` `4` `194` `-` `Total` `1,409` `53,339` `EXPENDITURE ON` `Charitable activities` `The Stephen Spender prize` `-` `14,466` `Administration and website costs` `2,810` `-` `Translators in Schools` `-` `18,445` `SSP Workshops` `595` `-` `Ukraine British Council` `-` `-` `Ukraine Rothschild` `-` `-` `MLC Young Translators` `-` `3,555` `Creative Translation in Schools UoB` `-` `-` `Literature Fires the Imagination` `-` `4,700` `Total` `3,405` `41,166` `NET INCOME/(EXPENDITURE)` `(1,996)` `12,173` `RECONCILIATION OF FUNDS` `Total funds brought forward` `16,977` `11,868` `TOTAL FUNDS CARRIED FORWARD` `14,981` `24,041`	`2025` `Total` `funds` `£` `1,215` `9,016` `19,523` `-` `-` `18,900` `5,900` `194` `54,748` `14,466` `2,810` `18,445` `595` `-` `-` `3,555` `-` `4,700` `44,571` `10,177` `28,845` `39,022`	`2024` `Total` `funds` `£` `36,123` `2,836` `17,915` `5,361` `165` `-` `-` `371` `62,771` `25,909` `1,919` `17,894` `4,803` `14,020` `3,354` `9,430` `9,282` `-` `86,611` `(23,840)` `52,685` `28,845`

The notes form part of these financial statements

Page 9

`STEPHEN SPENDER TRUST`

`BALANCE SHEET`

`31 AUGUST 2025`

`Unrestricted` `Restricted` `fund` `funds` `Notes` `£` `£` `CURRENT ASSETS` `Debtors` `9` `4,300` `2,600` `Cash at bank` `12,361` `21,441` `16,661` `24,041` `CREDITORS` `Amounts falling due within one year` `10` `(1,680)` `-` `NET CURRENT ASSETS` `14,981` `24,041` `TOTAL ASSETS LESS CURRENT LIABILITIES` `14,981` `24,041` `NET ASSETS` `14,981` `24,041` `FUNDS` `11` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`2025` `Total` `funds` `£` `6,900` `33,802` `40,702` `(1,680)` `39,022` `39,022` `39,022` `14,981` `24,041` `39,022`	`2024` `Total` `funds` `£` `4,331` `27,558` `31,889` `(3,044)` `28,845` `28,845` `28,845` `16,977` `11,868` `28,845`

The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct 2006
for the year ended 31 August 2025.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 August 2025 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 10

`STEPHEN SPENDER TRUST`

`BALANCE SHEET - continued`

`31 AUGUST 2025`

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 18/05/2026

.............................................
R Hart - Trustee

The notes form part of these financial statements

Page 11

STEPHEN SPENDER TRUST

`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025`

`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.

Incomefromgovernmentgrants,isrecognisedwhentheCharityhasentitlementtothefunds and
any performance conditions attached to the grants have been met.

`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.

`Critical accounting judgements and key sources of estimation`

Intheapplicationofthecharity’saccountingpolicies,whicharedescribedwithinthenotes above,
the are trusteesare requiredto makejudgements,estimates,assumptionsaboutthe carrying values
ofassetsandliabilitiesthatarenotreadilyapparentfromothersources.Theestimates and
underlyingassumptionsarebasedonhistoricalexperienceandotherfactorsthatareconsidered to
be relevant. Actual results may differ from these estimates.

continued...

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STEPHEN SPENDER TRUST

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`2. ACCOUNTING POLICIES - continued`

`Critical accounting judgements and key sources of estimation`

Theestimatesandunderlyingassumptionsarereviewedonanon-goingbasis.Revisions to
accountingestimatesarerecognisedintheperiodinwhichtheestimateisrevisedifthe revision
affectsonlythatperiodorin theperiodof therevisionand futureperiodsif therevisionaffects the
current and future periods.

In the view of the TrusteeDirectors,no assumptionsconcerningthe future or estimation uncertainty
affectingassetsandliabilitiesatthebalancesheetdatearelikelytoresultin a material adjustment
to their carrying amounts in the next financial year.

`Financial instruments`

Financialassetsandfinancialliabilitiesarerecognisedinthebalancesheetwhenthe charity
becomes a party to the contractual provisions of the instrument.

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 charitytransfersto anotherpartysubstantiallyall of the risksand rewardsof ownershipof the
financial asset; or

- the charity,despitehavingretainedsomebut not all off significantrisksand rewardsof 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.

continued...

Page 13

`STEPHEN SPENDER TRUST`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`3. DONATIONS AND LEGACIES`

`Gifts` `Old Possum's Practical Trust` `Coventry CC` `Reading University` `Rothschild Foundation` `Golsoncott Foundation` `John Lyons Charity` `John S. Cohen Foundation` `Buckinghamshire Council` `4.` `INVESTMENT INCOME` `Bank account interest`	`2025` `£` `1,215` `-` `-` `-` `-` `-` `-` `-` `-` `1,215` `2025` `£` `194`	`2024` `£` `192` `6,000` `1,230` `80` `2,500` `1,000` `10,000` `5,000` `10,121`
		`36,123`
		`2024` `£` `371`

`5. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31August2025nor for
the year ended 31 August 2024.

`Trustees' expenses`

During the year and the comparative period no travel expenses were reimbursed to trustees.

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`Unrestricted` `Restricted` `fund` `funds` `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `191` `35,932` `Charitable activities` `The Stephen Spender prize` `2,836` `-` `Translators in Schools` `-` `17,915` `SSP Workshops` `5,361` `-` `Creative Translation in Schools UoB` `-` `165` `Investment income` `371` `-` `Total` `8,759` `54,012`	`Total` `funds` `£` `36,123` `2,836` `17,915` `5,361` `165` `371`
	`62,771`

`EXPENDITURE ON`

continued...

Page 14

`STEPHEN SPENDER TRUST`

`NOTES TO THE FINANCIAL STATEMENTS - continued`

`FOR THE YEAR ENDED 31 AUGUST 2025`

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`

Unrestricted
Restricted
fund
funds
£
£
Charitable activities
The Stephen Spender prize
103
25,806
Administration and website costs
1,702
217
Translators in Schools
-
17,894
SSP Workshops
4,803
-
Ukraine British Council
-
14,020
Ukraine Rothschild
-
3,354
MLC Young Translators
-
9,430
Creative Translation in Schools UoB
-
9,282
Total
6,608
80,003
NET INCOME/(EXPENDITURE)
2,151
(25,991)
RECONCILIATION OF FUNDS
Total funds brought forward
14,827
37,858
TOTAL FUNDS CARRIED FORWARD
16,978
11,867 Total
funds
£
25,909
1,919
17,894
4,803
14,020
3,354
9,430
9,282
86,611
(23,840)
52,685
28,845

`7. INDEPENDENT EXAMINER'S REMUNERATION`

The independentexaminer'sremunerationamountsto an independentexaminerfee of £918for  the
year (2024: £875).

`8. EMPLOYEE BENEFITS`

Therewere0employees(2024:0employees)whoreceivedemployeebenefitsofmore than
£60,000.

continued...

Page 15

`STEPHEN SPENDER TRUST`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

`Trade debtors` `Accrued income` `10.` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade creditors` `Accruals and deferred income` `11.` `MOVEMENT IN FUNDS` `Unrestricted funds` `General fund` `Restricted funds` `The Stephen Spender prize` `Translators in Schools` `MLC Young Translators` `Literature Fires the Imagination` `TOTAL FUNDS`	`2025` `£` `1,400` `5,500` `6,900` `2025` `£` `-` `1,680` `1,680` `Net` `movement` `At 1.9.24` `in funds` `£` `£` `16,977` `(1,996)` `11,298` `(5,450)` `-` `1,078` `570` `15,345` `-` `1,200` `11,868` `12,173` `28,845` `10,177`	`2024` `£` `4,331` `-` `4,331` `2024` `£` `1,444` `1,600` `3,044` `At` `31.8.25` `£` `14,981` `5,848` `1,078` `15,915` `1,200`	`2024` `£` `4,331` `-`
			`4,331`
			`2024` `£` `1,444` `1,600`
			`3,044`
		`24,041`
		`39,022`

continued...

Page 16

`STEPHEN SPENDER TRUST`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`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` `Translators in Schools` `MLC Young Translators` `Literature Fires the Imagination` `TOTAL FUNDS`	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` `£` `£` `£` `1,409` `(3,405)` `(1,996)` `9,016` `(14,466)` `(5,450)` `19,523` `(18,445)` `1,078` `18,900` `(3,555)` `15,345` `5,900` `(4,700)` `1,200` `53,339` `(41,166)` `12,173` `54,748` `(44,571)` `10,177`

`Comparatives for movement in funds`

`Unrestricted funds` `General fund` `Restricted funds` `The Stephen Spender prize` `Ukraine British Council` `Ukraine Rothschild` `University of Birmingham` `MLC Young Translators` `TOTAL FUNDS`	`Net` `movement` `At 1.9.23` `in funds` `£` `£` `14,827` `2,150` `25,103` `(13,805)` `2,740` `(2,740)` `865` `(865)` `9,150` `(9,150)` `-` `570` `37,858` `(25,990)` `52,685` `(23,840)`	`At` `31.8.24` `£` `16,977` `11,298` `-` `-` `-` `570`
		`11,868`
		`28,845`

continued...

Page 17

STEPHEN SPENDER TRUST

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`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` `Translators in Schools` `Ukraine British Council` `Ukraine Rothschild` `University of Birmingham` `MLC Young Translators` `TOTAL FUNDS`	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` `£` `£` `£` `8,759` `(6,609)` `2,150` `12,001` `(25,806)` `(13,805)` `17,995` `(17,995)` `-` `11,351` `(14,091)` `(2,740)` `2,500` `(3,365)` `(865)` `165` `(9,315)` `(9,150)` `10,000` `(9,430)` `570` `54,012` `(80,002)` `(25,990)` `62,771` `(86,611)` `(23,840)`

Restricted funds represent monies given to the charity for a particular activity as follows:
The StephenSpenderPrize - annual competitionheld to celebrateliterarytranslationand encourage
uptake of languages at schools in the UK and Ireland.

MLCYoungTranslators-partnershipprogrammewithschoolsinLondontodevelopand deliver
creative translation programmes to young people.

LiteratureFirestheImagination[CR2.1]-projecttosupportInternationalLanguagesteachers in
Wales to integrate literature into their teaching.

TranslatorsinSchools-projecttosupportartsandeducationalorganisationstointroduce or
enhance their multilingual creative practice with young people.

continued...

Page 18

`STEPHEN SPENDER TRUST`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`12. RELATED PARTY DISCLOSURES`

Duringtheyearthecharityincurredchargesof£11,275forservicesfromDrC Rylandwhowas the
charity's company secretary during the year.

Balances existing with related parties at the beginning and end of the year were as follows:

	`31.08.25`	`31.08.24`
	`£`	`£`
`Dr C Ryland`	`£Nil`	`750`

`13. GUARANTEE`

Intheeventofawindingup,themaximumamountguaranteedtobecontributedbyeach existing
memberandfromeachpersonwhowasamemberwithinthepreceding12monthsis£1.At the
date of this report the number of such people is 6.

Page 19

`STEPHEN SPENDER TRUST`

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025`

`INCOME AND ENDOWMENTS` `Donations and legacies` `Gifts` `Old Possum's Practical Trust` `Coventry CC` `Reading University` `Rothschild Foundation` `Golsoncott Foundation` `John Lyons Charity` `John S. Cohen Foundation` `Buckinghamshire Council` `Investment income` `Bank account interest` `Charitable activities` `Consultancy` `The SS prize fees` `SSP Workshops` `Grants` `Total incoming resources` `EXPENDITURE` `Charitable activities` `The Stephen Spender prize` `Administration and website costs` `Translators in Schools` `Literature fires the imagination` `Ukraine British Council` `Ukraine Rothschild` `SSP Workshops` `Celebrating Ukranian Culture` `MLC Young Translators` `Carried forward`	`2025` `£` `1,215` `-` `-` `-` `-` `-` `-` `-` `-` `1,215` `194` `19,523` `16` `-` `33,800` `53,339` `54,748` `14,466` `2,810` `18,445` `4,700` `-` `-` `595` `-` `3,555` `44,571`	`2024` `£` `192` `6,000` `1,230` `80` `2,500` `1,000` `10,000` `5,000` `10,121`
		`36,123` `371` `18,080` `2,836` `5,361` `-`
		`26,277`
		`62,771` `25,909` `1,919` `17,894` `-` `255` `3,354` `4,803` `13,765` `9,430` `77,329`

This page does not form part of the statutory financial statements

Page 20

`STEPHEN SPENDER TRUST`

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025`

`Charitable activities` `Brought forward` `University of Birmingham` `Total resources expended` `Net income/(expenditure)`	`2025` `£` `44,571` `-` `44,571` `44,571` `10,177`	`2024` `£` `77,329` `9,282` `86,611` `86,611` `(23,840)`

This page does not form part of the statutory financial statements

Page 21

REGISTERED COMPANY NUMBER: 04891164 (England and Wales)
REGISTERED CHARITY NUMBER: 1101304

`REPORT OF THE TRUSTEES AND`

`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025`

`FOR`

`STEPHEN SPENDER TRUST`

(A COMPANY LIMITED BY GUARANTEE)

STEPHEN SPENDER TRUST

`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025`

	`Page`
`Report of the Trustees`	`1 to 7`
`Independent Examiner's Report`	`8`
`Statement of Financial Activities`	`9`
`Balance Sheet`	`10 to 11`
`Notes to the Financial Statements`	`12 to 19`

`STEPHEN SPENDER TRUST (REGISTERED NUMBER: 04891164)`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31August2025.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`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 (REGISTERED NUMBER: 04891164)

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 AUGUST 2025`

`ACHIEVEMENTS AND PERFORMANCE`

`Charitable activities`

In 2024-25 the charity had two programmes, the Stephen Spender Prize and an education programme.

`The Stephen Spender Prize`

Launchedin2004inassociationwiththeGuardian,andfundedin2025bytheJohnSCohen Foundation,
Old Possum'sPracticalTrust and the Queen'sCollegeTranslationExchange,this annual prize celebrates the
artofliterarytranslation.Itaimstoencourageanewgenerationofliterarytranslators,andto improve
motivationfor and uptakeof languagelearningin schoolsin the UK and Ireland.Entrantstranslatea poem
fromanylanguage- ancientormodern- intoEnglish,and submittheoriginalversionand their translation
togetherwitha'creativeresponse'.Thatresponsecanrangefromashortwrittencommentaryon the
translation,toavisualillustrationofthepoemandtranslation,toanaudioorvideorecordingof the
entrant reading the translation.

`Stephen Spender Prize 2025:Focus on Young People`

In recentyearsSST has focusedincreasinglyon workwith youngpeople,and has seen significantimpact in
termsofyoungpeople'sconfidence,communicationskills,andwellbeing.In2025weredoubled our
commitmentto thisworkby pausingthe Opencategoryforadultsto channelmoreresourcestowards the
developmentofthePrize'syouthandteachercategories.Throughthisstrategicreorientation,we were
abletofurtherdevelopoursupportforschoolswithanewresourceshubtoguideteachersand learners
througheverystepofenteringthePrize,fromchoosingapoemtoproducingacreativeresponse. The
impactof thisenhancedresourceprovisionwasborneoutimmediatelyin the 2025Prize,whichsaw entry
numbers increase across every category, as well as a record number of schools taking part.

Toensurethatevenmoreschoolscouldtakeadvantageofourcreativetranslationresourceswith their
students,wecontinuedtoexpandourteachersupportscheme.Nowcountingalmost1500teachers- the
vastmajorityfromstateschools-theschemeprovidesguidanceandactivityideasthrough regular
e-newsletters,supportingteachersacrosstheUKandIrelandtointegrateinternationalpoetryinto their
teaching during the Prize submission period and beyond.

AswellasenablinglearnersofallagestogetinvolvedintheSchoolsLaureatePrize,wecontinued to
developourTeacherLaureatePrizetoencourageteacherstoparticipateactivelyinpoetry translation,
whilstfosteringnewopportunitiesforexchangeanddiscussionwiththeirstudentsbysharingin the
experience of the translation process.

"Welovethecompetitionandreallyappreciatetheopportunitytotakepartas teacherstoo!We're really
enjoying all the resources that you have on the Stephen Spender website." (Secondary Head of MFL)
Inadditiontoenteringthroughtheirschools,youngpeoplecouldstilltakepartindependentlyin 2025,
throughour IndividualYouthEntrystrand,whichembodiesthe Prize'sfoundingmissionto "encourage and
stimulatea new generationof literarytranslators".In his 2025judge'scommentary,judgeTaherAdel paid
tributetotheremarkabletranslationtalentsthattheIndividualYouthEntrystrandcontinuesto foster,
notingthat"theseyoungertranslatorsmatchedand oftensurpassedthe standardsset by adultentrants in
previous years."

Acrosseverystrandofthecompetition,wesawthetangibleimpactofourongoinginitiativesto widen
participationfrompupilsatUK/Irishstateschoolsandtoproducemorestate-schoolwinners and
commendees.In2025,over75%ofthestudentswhoengagedwiththeprizeintheirschoolscame from
primaryandsecondarystateschools,withstate-schoolentrantsaccountingforthevastmajority of
winnersandcommendees.Thisdiversitywasaccompaniedbyacontinuedincreaseinthenumber of
languagesbeingtranslated.In2025,wereceivedtranslationsfromarecord-breaking81languages across
theyouthandteachercategories,includingmanyHome,HeritageandCommunitylanguagesthat are
rarely visible in the curriculum.

Page 2

`STEPHEN SPENDER TRUST (REGISTERED NUMBER: 04891164)`

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 AUGUST 2025`

"Thankyouso muchforthis opportunity,it has becomea traditionin our school,and it meansso much to
all of us!" (Primary EAL teacher)

AlongsidethePrize'smultilingualstrands,in2025wecontinuedtocelebratepoetryfromaround the
Lusophoneworldwith the secondyearof our PortugueseSpotlightfocus.Followingin the footstepsof our
previousUrdu,RomanianandUkrainianSpotlights,thesecondeditionofthePortugueseSpotlight Prize
includedanevenmoreextensivebookletofsuggestedpoems,featuringworkbypoetsfrom Portugal,
Brazil,Goa,AngolaandMozambiqueforyoungpeopleofallagestotranslate.Wearegratefulfor the
support of a dedicated group of academics and translators, who co-curated this booklet pro bono.
"Wearethrilledanddeeplygratefulfortheopportunitytotakepartinthisyear'sPortuguese Spotlight.
Ourpupilisdelightedbytherecognition,andwe'reveryproudofhisachievement."(Teacher of
Portuguese Spotlight KS1-2 Highly Commended entrant)

`Education Programmes`

`(a) Literature Fires the Imagination`

Insummer2025welaunchedaveryexcitingnewproject,withfundingfromtheWelsh Government's
CurriculumforWalessupportprogramme.'LiteratureFirestheImagination'is a three-yearprogramme to
supportteachersofInternationalLanguagesinWalestointegrateliteratureintotheirteaching, from
primaryschoolonwards.The new Curriculumfor Waleshas a strongemphasison creativityand culture, on
criticalthinkingand interculturalawareness,all of which are centralto our work at SST. During this year we
begantosetuptheprogrammebyrecruitingconsultantstoco-designand-deliverProfessional Learning
and tools for teachers across the three years.

`(b) MLC Young Translators`

Followingasuccessfulpilotin2023-24,thisyearwelaunchedanewthree-yearprogrammeof Creative
TranslationforschoolsinWestLondon,withfundingfromJohnLyon'sCharity.Theworkinthis year
focusedonrecruitingthreepartnerschoolsforthefirstyearofdelivery(2025-26)andrecruiting and
trainingSSTAssociatestodelivertheprogrammeintheseschools.Werecruitedthreeschoolsand three
Associates,todeliverfive-weekprogrammesinFrench,GermanandSpanish.Theprogrammeis designed
tobuildpupils'confidence,interculturalawarenessandcreativeexpression,andtoencourageuptake of
languages at GCSE and beyond.

-- Participating translator

Page 3

STEPHEN SPENDER TRUST (REGISTERED NUMBER: 04891164)

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 AUGUST 2025`

`(c) Translators in Schools`

We offeredTranslatorsin Schools[TiS] supportto a numberof arts and educationalorganisations, enabling
themtodeveloptheirCreativeTranslationpracticeforprogrammeswithyoungpeople.The most
prominentof these was Year 2 of our partnershipprojectwith NationalCentrefor Writing,'Young Creative
Translators'.Followingcarefulevaluationofthefirstyearofdelivery,were-designedthe teacher
professionaldevelopmentpartoftheprogrammetofitintooneday.Theprogrammedelivery was
managedby NCW,and deliveredto 12 teachers,who went on to deliverthe 6-sessionprogrammeto their
KeyStagepupils.Theprogrammewasexternallyevaluated,whichfoundthatiteffectively changed
teacher's practice and had a very positive impact on learners, successfully:

"upskillingteachersthroughmodellingandtraining,givingthemtheconfidencetoapply creative
translation techniques within their curriculum teaching.

"transformingyoungparticipantsintomultilingualcreators,abletoaccessandinteractwithliterature in
multiple languages, and to use it as a springboard for their own creative writing and reading choices.

"improvinglearners'communicationskillsandself-expressiontocultivateculturalcapital,and raising
self-esteem, particularly amongst multilingual teachers and pupils.

This impact was evidenced in participating teachers' testimonials:

"Incredibly inspiring, cannot wait to put everything into practice in the classroom"

"Thechildrenreallyenjoyedand engagedwell with this project.It was an amazingprojectto deliverat  our
school since 50% of our pupils are EAL."

"Itgivesadifferentslanttolearninganewlanguage,andgivesitmoreofapurpose,asthey can
communicate with their peers in their home language."

"Thetranslationworkedamazinglywell.Iwassoimpressed,andourschoolhavebeenlovingthe project
(thankyouso much!).We areimprovingthe grammarand sharingthe storytomorrowso willlove putting
it all together!"

One of the participating teachers also made a video testimonial:
https://youtu.be/cpZ3yunnD0E?si=AN6RZBl64RATkmtz

AlliedtoYoungCreativeTranslatorsinNorfolkwasasmallerprojectcentredonGreatYarmouth. With
fundingfromEnjoyGreatYarmouth,theLocalCulturalEducationPartnership,wetrainedtwo local
teachersin creativetranslationand supportedthedeliverytotheirKS2pupils.Theteachersrolledthis out
acrossthewholekeystage,deliveringtoeverychildin Years3-6.Thepartnershipendedwitha workshop
for Year 5 pupils with an SST Associate, and an exhibition of the children's creative pieces in autumn 2025.

TiSworkalsoincludedapartnershipwiththeAHRC-fundedFeministTranslationNetwork(FTN),based at
theUniversityof Birmingham.SSTco-hosteda symposiumat TheQueen'sCollege,Oxford,which included
a panel on creative translation in schools, featuring SST team members and associates.

We alsoworkedwith twoSST Associatesto designand delivertwoSpanishand Frenchcreative translation
workshopsatCheneySchoolinOxford.Inthecomingyear,theseworkshopswillbeturnedinto teaching
resourceswhich will be availableopen-accesson our website.The workshopswere featuredin the school's
newsletter: https://www.cheneyschool.org/137/news/post/81/year-12-feminist-translation-workshop

Page 4

`STEPHEN SPENDER TRUST (REGISTERED NUMBER: 04891164)`

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 AUGUST 2025`

We initiateda new strand of TiS in 2025,dedicatedto professionaldevelopmentfor teachers.This included
deliveringtrainingtoteachersandtraineeteachersinWalesandofferingsupporttoteachersengaging in
the Stephen Spender Prize, via digital resources and webinars.

Inearly2025wepartneredwiththeAdmissionsandOutreachdepartmentattheUniversityofOxford to
designcreativetranslationworkshopsaspartoftheirOxploreprogrammeintheNorthWestof England,
and trained Oxford students to deliver these workshops.

`FINANCIAL REVIEW`

`Principal funding sources`

Thecharityhasreceivedgrantsamountingto£33,800duringtheyear,including£18,900fromthe John
LyonsCharity,£6,000fromtheOldPossum'sPracticalTrust,£3,000fromtheJohnS.Cohen Foundation
and £5,900 from the Welsh Government.

As at 31 August 2025 the charity had accumulated reserves of £39,022 of which £14,981 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, 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 trustees are satisfied that the charity's assets are adequate to fulfil its obligations.

`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.Thetrusteesmeetfourtimesinthecourseoftheyear,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.

`Induction and training of new trustees`

WhennewtrusteesareappointedtheyareprovidedwithabriefhistoryoftheTrust,itsaimsfor the
future,thelatestannualaccountsandtrustees'report,andotherinformationappropriateto their
induction, such as Charity Commission guidance.

Page 5

STEPHEN SPENDER TRUST (REGISTERED NUMBER: 04891164)

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025`

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`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`

`Registered office`

Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

`Trustees`

J Heawood
B Bransfield
A Niven (deceased 26.3.25)
I Lucena (resigned 23.10.25)
E Attwood (resigned 23.10.25)
S Simmons (resigned 3.10.24)
R Hart
M Carmen Waret (appointed 23.10.25)
F Taylor (appointed 23.10.25)

`Company Secretary`

C Ryland

`Independent Examiner`

LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

Page 6

`STEPHEN SPENDER TRUST (REGISTERED NUMBER: 04891164)`

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 AUGUST 2025`

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Solicitors`

Eversheds LLP
Kett House
Station Road
Cambridge
CB1 2JY

`Bankers`

Santander UK plc
301 St Vincent Street
Glasgow
G2 5NT

Barclays Bank UK PLC
Oxford City Branch
54 Cornmarket Street
OX1 3HB

CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.

18/05/2026

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.................................................................
R Hart - Trustee

Page 7

`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 August 2025.

`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

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

S A Murray FCCA

LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

Date: .............................................

Page 8

`STEPHEN SPENDER TRUST`

`STATEMENT OF FINANCIAL ACTIVITIES`

`(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025`

`Unrestricted` `Restricted` `fund` `funds` `Notes` `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `3` `1,215` `-` `Charitable activities` `The Stephen Spender prize` `-` `9,016` `Translators in Schools` `-` `19,523` `SSP Workshops` `-` `-` `Creative Translation in Schools UoB` `-` `-` `Young Creative Translators` `-` `18,900` `Literature Fires the Imagination` `-` `5,900` `Investment income` `4` `194` `-` `Total` `1,409` `53,339` `EXPENDITURE ON` `Charitable activities` `The Stephen Spender prize` `-` `14,466` `Administration and website costs` `2,810` `-` `Translators in Schools` `-` `18,445` `SSP Workshops` `595` `-` `Ukraine British Council` `-` `-` `Ukraine Rothschild` `-` `-` `MLC Young Translators` `-` `3,555` `Creative Translation in Schools UoB` `-` `-` `Literature Fires the Imagination` `-` `4,700` `Total` `3,405` `41,166` `NET INCOME/(EXPENDITURE)` `(1,996)` `12,173` `RECONCILIATION OF FUNDS` `Total funds brought forward` `16,977` `11,868` `TOTAL FUNDS CARRIED FORWARD` `14,981` `24,041`	`2025` `Total` `funds` `£` `1,215` `9,016` `19,523` `-` `-` `18,900` `5,900` `194` `54,748` `14,466` `2,810` `18,445` `595` `-` `-` `3,555` `-` `4,700` `44,571` `10,177` `28,845` `39,022`	`2024` `Total` `funds` `£` `36,123` `2,836` `17,915` `5,361` `165` `-` `-` `371` `62,771` `25,909` `1,919` `17,894` `4,803` `14,020` `3,354` `9,430` `9,282` `-` `86,611` `(23,840)` `52,685` `28,845`

The notes form part of these financial statements

Page 9

`STEPHEN SPENDER TRUST (REGISTERED NUMBER: 04891164)`

`BALANCE SHEET`

`31 AUGUST 2025`

`Unrestricted` `Restricted` `fund` `funds` `Notes` `£` `£` `CURRENT ASSETS` `Debtors` `9` `4,300` `2,600` `Cash at bank` `12,361` `21,441` `16,661` `24,041` `CREDITORS` `Amounts falling due within one year` `10` `(1,680)` `-` `NET CURRENT ASSETS` `14,981` `24,041` `TOTAL ASSETS LESS CURRENT LIABILITIES` `14,981` `24,041` `NET ASSETS` `14,981` `24,041` `FUNDS` `11` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`2025` `Total` `funds` `£` `6,900` `33,802` `40,702` `(1,680)` `39,022` `39,022` `39,022` `14,981` `24,041` `39,022`	`2024` `Total` `funds` `£` `4,331` `27,558` `31,889` `(3,044)` `28,845` `28,845` `28,845` `16,977` `11,868` `28,845`

The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct 2006
for the year ended 31 August 2025.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 August 2025 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 10

`STEPHEN SPENDER TRUST (REGISTERED NUMBER: 04891164)`

`BALANCE SHEET - continued`

`31 AUGUST 2025`

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:

.............................................

R Hart - Trustee

The notes form part of these financial statements

Page 11

STEPHEN SPENDER TRUST

`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025`

`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.

Incomefromgovernmentgrants,isrecognisedwhentheCharityhasentitlementtothefunds and
any performance conditions attached to the grants have been met.

`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.

`Critical accounting judgements and key sources of estimation`

Intheapplicationofthecharity’saccountingpolicies,whicharedescribedwithinthenotes above,
the are trusteesare requiredto makejudgements,estimates,assumptionsaboutthe carrying values
ofassetsandliabilitiesthatarenotreadilyapparentfromothersources.Theestimates and
underlyingassumptionsarebasedonhistoricalexperienceandotherfactorsthatareconsidered to
be relevant. Actual results may differ from these estimates.

continued...

Page 12

STEPHEN SPENDER TRUST

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`2. ACCOUNTING POLICIES - continued`

`Critical accounting judgements and key sources of estimation`

Theestimatesandunderlyingassumptionsarereviewedonanon-goingbasis.Revisions to
accountingestimatesarerecognisedintheperiodinwhichtheestimateisrevisedifthe revision
affectsonlythatperiodorin theperiodof therevisionand futureperiodsif therevisionaffects the
current and future periods.

In the view of the TrusteeDirectors,no assumptionsconcerningthe future or estimation uncertainty
affectingassetsandliabilitiesatthebalancesheetdatearelikelytoresultin a material adjustment
to their carrying amounts in the next financial year.

`Financial instruments`

Financialassetsandfinancialliabilitiesarerecognisedinthebalancesheetwhenthe charity
becomes a party to the contractual provisions of the instrument.

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 charitytransfersto anotherpartysubstantiallyall of the risksand rewardsof ownershipof the
financial asset; or

- the charity,despitehavingretainedsomebut not all off significantrisksand rewardsof 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.

continued...

Page 13

`STEPHEN SPENDER TRUST`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`3. DONATIONS AND LEGACIES`

`Gifts` `Old Possum's Practical Trust` `Coventry CC` `Reading University` `Rothschild Foundation` `Golsoncott Foundation` `John Lyons Charity` `John S. Cohen Foundation` `Buckinghamshire Council` `4.` `INVESTMENT INCOME` `Bank account interest`	`2025` `£` `1,215` `-` `-` `-` `-` `-` `-` `-` `-` `1,215` `2025` `£` `194`	`2024` `£` `192` `6,000` `1,230` `80` `2,500` `1,000` `10,000` `5,000` `10,121`
		`36,123`
		`2024` `£` `371`

`5. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31August2025nor for
the year ended 31 August 2024.

`Trustees' expenses`

During the year and the comparative period no travel expenses were reimbursed to trustees.

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`Unrestricted` `Restricted` `fund` `funds` `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `191` `35,932` `Charitable activities` `The Stephen Spender prize` `2,836` `-` `Translators in Schools` `-` `17,915` `SSP Workshops` `5,361` `-` `Creative Translation in Schools UoB` `-` `165` `Investment income` `371` `-` `Total` `8,759` `54,012`	`Total` `funds` `£` `36,123` `2,836` `17,915` `5,361` `165` `371`
	`62,771`

`EXPENDITURE ON`

continued...

Page 14

`STEPHEN SPENDER TRUST`

`NOTES TO THE FINANCIAL STATEMENTS - continued`

`FOR THE YEAR ENDED 31 AUGUST 2025`

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`

`7. INDEPENDENT EXAMINER'S REMUNERATION`

The independentexaminer'sremunerationamountsto an independentexaminerfee of £918for  the
year (2024: £875).

`8. EMPLOYEE BENEFITS`

Therewere0employees(2024:0employees)whoreceivedemployeebenefitsofmore than
£60,000.

continued...

Page 15

`STEPHEN SPENDER TRUST`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

`Trade debtors` `Accrued income` `10.` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade creditors` `Accruals and deferred income` `11.` `MOVEMENT IN FUNDS` `Unrestricted funds` `General fund` `Restricted funds` `The Stephen Spender prize` `Translators in Schools` `MLC Young Translators` `Literature Fires the Imagination` `TOTAL FUNDS`	`2025` `£` `1,400` `5,500` `6,900` `2025` `£` `-` `1,680` `1,680` `Net` `movement` `At 1.9.24` `in funds` `£` `£` `16,977` `(1,996)` `11,298` `(5,450)` `-` `1,078` `570` `15,345` `-` `1,200` `11,868` `12,173` `28,845` `10,177`	`2024` `£` `4,331` `-` `4,331` `2024` `£` `1,444` `1,600` `3,044` `At` `31.8.25` `£` `14,981` `5,848` `1,078` `15,915` `1,200`	`2024` `£` `4,331` `-`
			`4,331`
			`2024` `£` `1,444` `1,600`
			`3,044`
		`24,041`
		`39,022`

continued...

Page 16

`STEPHEN SPENDER TRUST`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`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` `Translators in Schools` `MLC Young Translators` `Literature Fires the Imagination` `TOTAL FUNDS`	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` `£` `£` `£` `1,409` `(3,405)` `(1,996)` `9,016` `(14,466)` `(5,450)` `19,523` `(18,445)` `1,078` `18,900` `(3,555)` `15,345` `5,900` `(4,700)` `1,200` `53,339` `(41,166)` `12,173` `54,748` `(44,571)` `10,177`

`Comparatives for movement in funds`

`Unrestricted funds` `General fund` `Restricted funds` `The Stephen Spender prize` `Ukraine British Council` `Ukraine Rothschild` `University of Birmingham` `MLC Young Translators` `TOTAL FUNDS`	`Net` `movement` `At 1.9.23` `in funds` `£` `£` `14,827` `2,150` `25,103` `(13,805)` `2,740` `(2,740)` `865` `(865)` `9,150` `(9,150)` `-` `570` `37,858` `(25,990)` `52,685` `(23,840)`	`At` `31.8.24` `£` `16,977` `11,298` `-` `-` `-` `570`
		`11,868`
		`28,845`

continued...

Page 17

STEPHEN SPENDER TRUST

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`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` `Translators in Schools` `Ukraine British Council` `Ukraine Rothschild` `University of Birmingham` `MLC Young Translators` `TOTAL FUNDS`	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` `£` `£` `£` `8,759` `(6,609)` `2,150` `12,001` `(25,806)` `(13,805)` `17,995` `(17,995)` `-` `11,351` `(14,091)` `(2,740)` `2,500` `(3,365)` `(865)` `165` `(9,315)` `(9,150)` `10,000` `(9,430)` `570` `54,012` `(80,002)` `(25,990)` `62,771` `(86,611)` `(23,840)`

Restricted funds represent monies given to the charity for a particular activity as follows:
The StephenSpenderPrize - annual competitionheld to celebrateliterarytranslationand encourage
uptake of languages at schools in the UK and Ireland.

MLCYoungTranslators-partnershipprogrammewithschoolsinLondontodevelopand deliver
creative translation programmes to young people.

LiteratureFirestheImagination[CR2.1]-projecttosupportInternationalLanguagesteachers in
Wales to integrate literature into their teaching.

TranslatorsinSchools-projecttosupportartsandeducationalorganisationstointroduce or
enhance their multilingual creative practice with young people.

continued...

Page 18

`STEPHEN SPENDER TRUST`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025`

`12. RELATED PARTY DISCLOSURES`

Duringtheyearthecharityincurredchargesof£11,275forservicesfromDrC Rylandwhowas the
charity's company secretary during the year.

Balances existing with related parties at the beginning and end of the year were as follows:

	`31.08.25`	`31.08.24`
	`£`	`£`
`Dr C Ryland`	`£Nil`	`750`

`13. GUARANTEE`

Intheeventofawindingup,themaximumamountguaranteedtobecontributedbyeach existing
memberandfromeachpersonwhowasamemberwithinthepreceding12monthsis£1.At the
date of this report the number of such people is 6.

Page 19

Stephen Spender Trust 14 Wellington Square Oxford Oxfordshire OX1 2JF

LMDB Limited Railview Lofts 19c Commercial Road Eastbourne East Sussex BN21 3XE

Your Ref: S500

Dear Sirs,

ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2025

In connection with your preparation of the above accounts, the following confirmations are made based on enquiries of management and staff with relevant knowledge and experience (and where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of these confirmations to you. We recognise that these confirmations are needed in addition to information obtained by you from the accounting records of the company to enable you to properly prepare the company’s accounts. The information is, to the best of our knowledge and belief, true and fair bearing in mind the requirements of the Companies Act 2006.

Charity Records

All the accounting records have been made available to you for the purpose of your examination and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and shareholders meetings, have been made available to you.

Responsibility for Accounts

We acknowledge as directors our responsibility for the preparation of the company’s accounts, which have been prepared on our behalf.

Company Records

All the accounting records have been made available to you for the purpose of your work and all the transactions undertaken by the company have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and shareholders meetings, have been made available to you.

Fixed Assets

The accounts correctly reflect all fixed assets and changes thereto.

-2-

Stocks, Work In Progress and Amounts Recoverable on Contracts

There was no stock, work in progress or amounts recoverable under contracts for the year.

I understand that stock would be valued by the directors at the lower of cost or net realisable value having taken into account all relevant factors.

I understand that work in progress represents unbilled work at the balance sheet date where the company’s right to consideration for the work undertaken is dependent on a future event outside of the company’s control.

I understand that amounts recoverable on contracts represent unbilled work at the balance sheet date where the company has a contractual right to consideration for the work performed.

Debtors and prepayments

Balances included in the accounts are all valid debtors or prepayments.

Cash and Bank balances

All cash and bank balances held by the company are reflected in the accounts.

Liabilities

All known liabilities of material amount at the accounting date are shown in the accounts. We confirm that there are no disputes, which call into doubt any of the liabilities shown.

Security Given

Details of all security given by the company, whether formally or informally charged, has been correctly registered as necessary. We confirm that all relevant details have been brought to your attention and are correctly reflected in the accounts where disclosure is required by statute or Financial Reporting Standard.

Contingent Liabilities

At the balance sheet date there was no material contingent or potential liabilities under claims pending or threatened litigation.

-3-

Future Commitments

No future capital expenditure commitments existed at the accounting date. At the balance sheet date the company had no significant commitments for forward purchase of items in excess of normal requirements or significantly in excess of market price.

At the balance sheet date the company had not entered into any significant sales commitments at prices which could result in a loss.

Post Balance Sheet Events

There has been no event since the balance sheet date, which requires disclosing or which would materially affect the amounts in the accounts.

Going Concern

So far as we are aware, there is no reason to believe that the company will not remain a going concern (that is, it will be able to meet its current liabilities as they fall due for payment) for the next twelve months. We confirm that in our assessment of the company’s ability to continue as a going concern, we have considered a period of at least twelve months from the date of the approval of the company’s accounts.

Income

We confirm that all grants, donations and other income, including those subject to special terms or conditions or received for restricted purposes, have been notified to you. There have been no breaches of terms or conditions during the period regarding the application of such income.

Transactions with Trustees

The company has had at no time during the year made any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit transactions) with any of the directors nor to guarantee or provide for security for such matters.

Related Party Transactions

We confirm that we have provided you with details of all related party transactions relevant to the company, and that we are not aware of any further related party matters, which require disclosure in the company’s accounts.

Legal Framework

We confirm that we have advised you of all known laws or regulations, which are central to the company's ability to conduct its business and that there, were no instances of non-compliance with these laws and regulations during the year.

-4-

Internal Controls

We acknowledge our responsibility for the design and implementation of internal controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our own assessment of the risk of fraud in the charity.

Fraud

We confirm that there have been no actual or suspected instances of fraud involving management or employees who have a significant role in internal control or that could have a material effect on the financial statements. We also confirm that we are not aware of any allegation of fraud by former employees, regulators or others.

General

We understand that LMDB Limited have prepared the accounts on behalf of the directors. We confirm our understanding of the accounts and we have requested explanations of any of the points that we are unclear about. We are of the opinion that the accounts show a true and fair view of the results for the period and the state of affairs at the balance sheet date.

Yours faithfully (On behalf of the Board)

.......................................

TRUSTEE – R Hart

18/05/2026

Date …………………………..

Trustees: J Heawood, B Bransfield, A Niven, I Lucena, E Attwood, R Hart. Registered Office: Railview Lofts, 19c Commercial Road, Eastbourne, East Sussex, BN21 3XE Registered in England and Wales no: 04891164 Registered Charity no: 1101304