##
||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|
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||||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|
##
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##
##
|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|