2021-03-31-accounts

	Page(s)
Legal and administrative details
Trustees' annual report	3-18
Independent auditoVs report	19-21
Statement ofItnancial activities	22
Balance sheet	23
Statement ofcash Itows	24
Notes to the financial statements	25-36

			Unrestricted	Restricted	Total	Total
		Notes	funds	funds	2020/21	2019/20
			2	2	2	2
Income and endowments	horn:
Donations and legacies		2	136,018		136,018	126,724
Charitable activities:
Community Engagement			37,500	67,600	105,100	114,934
Writers in Translation			18,500	177,692	196,192	145,340
Campaigns 45 Writers at	Risk		32,083	105,824	137,907	111,041
Prizes				12,000	12,000	12,000
Other charitable income			117,261		117,261	115,144
Other trading activities			1,712		1,712	1,081
Investments			5,624	2,330	7,954	9,430
Other			3,967		3,967	5,130
Toial Income			552 815	tSS446	718111	640.823
Expenditure on:
Raising funds		6	9,422		9,422	7,470
Charitable activities:		7,8
Community Engagement			54,659	51,238	105,897	67,333
IVriters in Translation			105,433	119,454	224,887	205,035
Campaigns ti Writers at	Risk		70,779	35,292	106,071	125,603
Prizes			9,106	17,912	27,018	24,044
Other charitable expenditure			20,759		20,759	17,594
Total expenditure			275 158	225858	4$4 SSS	447,079
Net operating income/(expenditure)
before gains/ (losses) on	investments		62,507	141,550	224,056	193,744
Net (losses)/ gains on investments		14	27,101	(236)	26,865	(31,734)
Net movement in funds			188638	~141 15	250921	162009
Funds brought forward			276.173	~325 13	601385	439376
Funds carried forward			185751	$36526	SS28$7	~6DI 83

			Unrestricted	Restricted	31 INarch	31 March
		Notes	funds	funds	2021	2020
			2	2	2	2
Fixed assets
Tangible fixed assets Investments		13 14	8,892 164553	71650	8,892 ~236 03	8250 189995
			173,445	71,650	245,095	198245
Current assets
Debtors Cash at bank	and in hand	15	6,545 218524	438445	6,545 657030	23,041 ~459 08
			225,129	438,445	663,575	482,549
Creditors Amounts falling due within one year		16~12793		~43569	~56362	~79407
Net current assets			212330	304076	007213	403 142
Net assets			8M 781	406526	0023M	601387
Funds		17
Unrestricted	-general		335,781		335,781	276,173
Unrestricted Restricted	- designated		50,000	466526	50,000 466526	~325 13
Total funds			300701	480 520	052307	~601 85

Report and financial stateme	Report and financial stateme	nts forthe year ended 31 March	nts forthe year ended 31 March	nts forthe year ended 31 March	nts forthe year ended 31 March	2021
Statement ofcash flows for the		ear ended 31 March 2021
							Total	Total
						Note		2019/20
								2
Net cash provided byt5 (used	in) operating				activities	A	192,827	190,389
Cash flows fmm investing activities:
Interest on bank deposiu							39	82
Dividends on investments							7935	9348
Net cash provided by investing		activities					7,954	9,430
Cash flows from financing activities:
Purchase offixed assets							3,259	8,863
Repayment offinance lease
Net cash used in financing	activities						3,259	8,863
Change in cash and cash equivalents			In the year				197,522	190,955
Cash and cash equivalents brought	forward						459 5578	268,533
Cash and cash equivalents carried		forward					657,030	459,508
Note A: Reconciliation ofnet	expenditure			to net cash flow from operating		activities
Net Income/(expenditure) forthe year			(as		per the statement offinancial
activities)							250,921	162,009
Depreciation charges							2,617	2,404
Loss/Gain on disposal ofasset							0	2,991
Interest on bank deposits							(39)	(82)
Dividends on invesunents							(7,915)	(9,348)
(Gains)/losses on revaluation ofinvestments							(46,208)	31,734
Decrease/ (increase) in debtors							16,496	2,239
(Decrease)/ increase in creditors							(23,045)	(1,559)
Net cash provided by/(used	in) operating			activities			192,827	190,388

2	Donations	end legacies
				Unrestricted 2	Restricted 2	2021 9	2020f
	Donations			33,813		33,813	23,177
	Memberships			62,205		62,205	57,547
	Silver PEN members			3,000		3,000	5,000
	Silver PEN partners			37.000		37.000	41.000
				136,016		136,016	126,724
3	Other trading activities
				Unrestricted 2	Restrictedf	2021 2	2020f
	Fuudraisiug	events
	Other			1 712		I 712	I081
				1,712		1,712	1,081
4	Investment	income
				Unrestricted	Restricted	2021	2020
				2	2	2	f.
	Dividends			5,585	2,330	7,915	9,348
	Bank iumrest			39		39	82
				5,624	2,330	7,954	9,430
5	Other income
	Royalty income Giber			Unrestricted 8 1,238 ~72 8	Restricted 2	2021 1,238 ?„728	2020f 1,554 3,576
				3,967		3,967	1,554
6	Analysis ofexpenditure		on raising funds
				Unrestricted	Restricted	2021	2020
				0	9	2
	Direct costs			6347		6,247	5,529
	Governance	costs (note 8)		103		103	107
	Support costs (aote 8)			3 07		3.072	1 833
				9,422		9,422	7,470

o	tes to the financial stststnents
7	Analysis ofexpenditure
		Direct stair costs (note 11)f	Direct costs (non-stall)	Support costs (note 8)	Total 2021	Total 2020
	Raising grrxfe
	Direct costsoffundraising					7,470
	Charitable aotMiea
	Community Engagement	49,496	20,710	35,690	105,N7	67,333
	Writem in Translation	28,776	120,317	75,794	224,N7	205,035
	Campaigns dr Writers at Risk	57,266	13,056	35,749	105,071	125,603
	prima	7,318	10,594	9,106	27,010	24,044
	Other charitable cpediture					17.594
	Total expenditure	149,108	175,440	100,512	494,055	447,079

o	tes tothe financial s	tatements	tatements
8	Allocation ofsupport	costs
	The charitv allocates	its support costs (includinn		Governance		costs) as follows:
				Expenditure on raising funds		Expenditure on charitable activities	Total support COStS 2021	Total support coals 2020
	Supporf costs						6
	Staffcosts (note 11)			2,173		111,775	113,948	48,508
	Printing, postage and stationery				21	1,057	1,078	1,338
	Travel, accommodation	4k subsismnce			5	263	26$	3,366
	ITdt web costs				8	391	398	11,770
	Insurance				52	2,657	2,709	2,753
	Rent				635	32,658	33.293	31,141
	Subscriptions				8	419	427	274
	Bank charges a similar				23	1,205	1,229	1.034
	Other costs				9$	5,035	5,133	7,129
	Depreciafion				50	2,567	2,617	2.404
	Governance costs (note 9)				103	5.599	5 422	6429
				3,176		163,336	166,512	116,145
	Support and Governance	costs	are allocated based on	the direct spend		on those activities.
9	Governance costs
	Govenumce costs are bmken down as follows:
							Total	Total
			Expenditure		on	Expenditure on charitable	aovernance	governance
				raising funds		activities	costs 2021	costs 2020
	Legal fees
	Audit fees				80	4,120	4,200	4,200
	Board costs				4	231	236	279
	Insurance				17	875	892	751
	Other				2	83	$4	2336
				103		5,309	5,412	7,566
0	Net incomal (expenditure)		for the year
	This is stated sitar chargira:						Total 2021	Torsi 2020
							8
	Operating leases - equipment						2,361	1,999
	Depreciation						2,617	2,404
	Loss on disposal offixed Auditors' remuneration	assets					45r9	(2,990) 4.500
							9,478	5,913

Staffcosts and trustees' remunenrtion and expenses The aggregate paymll costs were:
	Total	Total
	2021	2020
	2
Wages and salaries	235,389	166,763
Social security costs	18,877	12,679
Pension costs	11,049	7,012
Subtotal payroll costs	265,315	186,454
Temponuy staff and interns		450
Other staff costs	4,602	450
Total staft costs	288,016	187454

		Total	Total
		2021	2020
Writers in Translation		0.9	0.7
Campaigns a	Writers atRisk	1.4	1.0
Public Programmes		1.3	1.0
Fundraising		0.1	0.1
Management,	administration a governance	3.0 6.6	1.9 4.7

			Grants to	Grants to	Total	Total
			institutionsf	individuals	2021 2	2020
Writers Writers	in at	Translation Risk (relief grants)	79,522	7554	79,522 7.554	97,948 ~rro
			79,522	7,554	87,076	83,146

Grants payable continu	Grants payable continu	ed
Recipients ofinstitutional		grants for PEN projects were as follows:
			Total	Total
			2021	2020
			8
And Other Stories Publishing			4,308	3,210
Arc Publications			1,137
Aurora Metm Publications		Ltd		1,985
Bloodaxe Books			2,000
Boiler House Press			1,850
Carcanet Press Ltd				2250
Cassava Republic Press				2,000
Charco Press			4,398	9,550
Comma Press			7,874	9,051
DAS Editions			2,535
Daunt Books			1,750
Dedalus Ltd			3,040	5,190
Fitzcanaldo Editions			4,403	2,203
Francis Boutle Publishers			1,000	1,000
Fum DEstampa Press			2,250
Grants Publications				998
Haus Publishing				2,500
Istms Books			6,775	117
Jacaranda Books Art Music Ltd				2325
Jantsr Publishing			2,528
Latin American Bureau				1,220
Logi Editions			90
Neem Tree Press			1,055
One World Publications				4,813
Peepal Tree			2,300	2,300
Peirene Press Ltd			1,000	1,000
Penguin Random House	UK		1,500	2,942
Pushkin Bess			3,000
Queteus				525
Scotland Street Bess			2,803	2,803
Scribe Publications			2,250	6,959
Smokestack Books			3,000	1,000
Strangers Press				2,050
Stripes Press			500
The Emma Press Limited				152
The History Press				7,250
The Poetry Translation	Centre Ltd		1,500	7,250
The Random House Gmup		Ltd		2,162
Tilted Axis Press CIC			10,083	10,150
Tiny Owl			250	250
Verso t/a New Lett Books				1,500
World Editions			4,346 ~78 RR	1346 ~97 49

						Fittings, sofl3va	Total	Total
						computers 4fc	2021	2020
						8
	Cost
	At I April 2020					9,167	9,167	57,700
	Additions Disposals					3,259	3,259	8,863 ~57 306
	At 31March 2021					12,426	12,428	9,167
	Depreciation
	At I April 2020					917	917	52,920
	Charge for the year Disposals					2,617	2,617	2,404 ~5407
	At 31March 2021					3,534	3,534	917
	Net BookValue
	At31 March 2021					8,892	8,802	8,250
14	Fixed asset investments
							Total	Total
							202t	2020
							2
	Market value as Umealised gains/	at I April (losses) on		investments			189,995 ~36 65	221,729 ~34
	Market Value as	at31March					236,203	189,995
	Historical Cost						151208	151208
					Market Value 2021	Cost 2021	Market Value 2020	Cost 2020
					2
	City ofLondon Investment		Trust		56,470	31,397	47,467	31,397
	MUG Invesiment	(Charifund)			71,001	44,160	57,658	44,160
	Halifax (Bankem	Investment		Trust)	17,739	9,334	12,984	9,334
	Witan Invesnnent COIF Fixed Interest (CCLA)				19,343 71650	19,343 ~6317	71886	6S377
					2S8,20S	170,551	189,995	151,208

Debtors
		Total	Total
		2021	2020
		2
Trade debtors			21200
Accrued income
Prspayments		5,545	841
Other debtors		7 000	1,000
		6,545	23,041
Creditors: amounts	falling due in less than one year
		Total	Total
		2021	2020
		2	f
Trade creditors		8,267	14,444
Social security and other taxes		(1,627)
Deferred income		38,121	55301
Accruals and other creditors		» 600	9767
		56,362	79,407

Movement in deferred income during the year was as follows:
	Total	Total
	2021	2020
	2
Defened income brought forward	55,201	62,924
Released in year Deferred in year	(3?„080) 15,000	(62,924) 55201
Deferred income carried forward	36,121	62,924

No	tes tothe Snanclal stat	em	ents
17	Slovemeru in funds
									At31
					At 31March			Gain/(toss) on	Numb
					2020 f	income f	Expendihne f	investmenis f	2521 2
	Cnmrrrtrrrltp gngsgerrterrt
	Arts Couacil England				74,700	67,600	51/38		91,062
	Essex BookFestival				249				249
	Joyce Carr Doughty Trust
	Prison Writing Competition	Campaign			2,270				2,270
	Salushury World				1 870				1870
					79,089	67,600	51238		95,451
	Wrftem in Trnnslsgnn
	ALCS					5,000	3,271		1,729
	Arts Council England				134,574	116,952	)00291		151/35
	BookerPrize Foundation					5,000	3,271		1,729
	British Council					50,740	10,950		39,790
	Fondauon Jan Mtchalski				7390		1670		5720
					141,964	177,692	119,454		200202
	Cnmpsfgns 5Wrksrs nr	Risk
	Anonymous donor				4,051		3,580		471
	Omn Sue)my Fc~cna(OSF) (Wnt Residence)			m	29,010	104,824	30251		103,583
	OSF(Criminal deemstion)				1,013				1,013
	Prisonns ofConscience Appeal		Fund		1,480	1,000	1,000		1,480
	Opea Rights Gmup The Joseph Rowntree Charitable		Trust		6,292 ~3051 44,897	105,824	35292		6,292 2 589 115,428
	rrrfzvm
	Blavatnik Hennll-Tiltman Prize fund (dividends) Ruth Maxted (PEN Pinter)				1 (12,624) (12,623)	10,000 2,330 ~2000 14/30	9,992 55120 ~2000 17,912		9 (16,213) (16405)
	Investments HesseB-Tiltman Prize fimd				71,886			(236)	71,650
	Subtotal rmnrlcted funda
	tlnrnntdnted:
	General umeslricmd fimds
	Tobtl tunds				501,355	718,111	454,055

Not	es tothe financial statements
17	Purposes ofrestricted funds
	Community Engagement
	~ Arts Councfi England supported English pEN's centemuy project,	Common Currency
	~Essex BookFestival funded creative writiog wotfnaops and apaael event aspart ofthe Writing an the Inside prison uniting pmject
	~Joyce Carr Doughty Charitable Trust funded awriter in residence	at HMP Leicester
	~ Prisons Writing Competition Campaiga is supported by various donations kern English PEN				supporters
	~ Salusbury World supported the 20:20Vision workshop programme
	prrifars in Tiensiation
	~ALCS supported International Translation Day
	~Arts Council England supported English PEN's core acfivities snd	Writers in Translation		pmgrsmme
	~ Bloomberg LPsupported English PEN's Writem in Translation programme, including		PEN Traosmissions
	~ The Booker Prize Foundation supported international Translation	Day
	The British Council supported the Quarabic Anthology pmject
	~Fondstion Jsn Michalski supported PEN Transmissions
	Campaigns 4 yyrftem at Risk
	~ An anonymous donor supponed English FEbrs writers in Residence pmgramme
	Open Society Foundstioos (OSF)supported English PEN's Writers at Risk pmjects, induding				the Writers in Residence prognmum
	~ Prisoners ofConscience Appeal Fuad supported individual writers	at risk internationally
	~ The Joseph Rowntree Reform Trust fuaded English PEN's campaiga forlibel reform		in Northern			In:land aad Scotland
	~Open Rights Gmup, BigBmther Watch and English PEN raised funds for Privacy not		Prism		and	for future legal	work to stop IJKmass
	Prizes
	~ The Blavataik Family Foundation supported the PEN Pinter Prize
	~The Hessefi-Tiltman Prize Ftmd supporud an annual literary prize	awarded for anon-fiction			book ofspecifically		historical content
	Marjorie Hessell-Tiltman was amember ofpEN. As wefi as the capital sum, English pEN beaefits					fiom dividends	reoeived quarterly
	' Ruth Maxted supported the PEN Pinter prize

Not	es tothe financial sta	es tothe financial sta	tements
18	Analysis ofnet assets		between funds
			Tangible	fixed assets	Investments ¹	Net current	Total funds 2021	Total funds 2020
						f	2
	Restricted funds				71.650	394,876	466,526	325,213
	Umestricted	funds	8.892		164,553	212,335	385,781	276,175
	Total funds			8,892	236,203	607,212	882,307	601,387

			Unrestrlcled	Restricted	Total	Total
		Notes	funds	funds	2019120	2018ttg
			8	8	2	8
Income and endowments	from:
Donations and legacies		2	126,724		126,724	147,493
Charitable activities:
Community Engagement			17,500	97,434	114,934	22,873
Wnters in Translation			17,500	127,840	145,340	137,564
Campaigns 8 Wnters at	Risk		35,000	76,041	111,041	58,330
Prizes				12,000	12,000	12,000
Other charitable income			115,144		115,144	115,144
Other trading activities		3	1,081		1,081	19,846
Investments		4	7,099	2,330	9,430	9,267
Other		5	5,130		5,130	673
Totalincome			325178	315646	640823	523 190
Expendltum on:
Raising funds		6	7,470		7,470	5,195
Chwitabie activities:
Community Engagement			44,675	22,658	67,333	107,412
Wnters in Translation			74,168	130,867	205,035	182,095
Campaigns 8 Writers at	Risk		63,815	61,789	125,603	125,681
Prizes			6,338	17,706	24,044	17,642
Other charitable expenditure			17,594		17,594	16,472
Total expenditure			21~ 38tt	22S026	447379	454497
Net operating Incomel (expenditure)
before gains/ (losuum) on	investments		111,118	82,625	193,744	68,693
Net (losses)l gains on investments		14	(31,760)	26	(31,734)	2,635
Net movement In funds			79568	$2851	~16 336	7132II
Funds brought forward			196814	242162	439376	368048
Funda carried forward			276 172	~32 213	604 385	439,376