Trustees’ Annual Report for the period
From April 1[st] 2023 To
March 31[st] 2024
Charity name: PAPER REPUBLIC
Charity registration number: 1182259
Objectives and Activities
SORP reference
Summary of the purposes of the charity as set out in its governing document
Para 1.17
3. Objects
The objects of the CIO are restricted specifically for the public benefit to promote the art of Chinese literature in English translation and to advance education in such literature, in particular but not exclusively by the provision of:
3.1 translated literature
-
3.2 information and educational resources;
-
3.3 advice, training and mentoring for translators of Chinese literature into English;
3.4 public events.
In this clause “Chinese literature” means literature written in Chinese, irrespective of the author’s country of origin or residence
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.
Para 1.17 and 1.19
Activities for Readers
-
We continued our Read Paper Republic series – complete, free-to-read pieces of fiction, non-fiction or poetry.
-
We continued collaboration with Open University on a series of online book clubs.
-
We produced our popular annual Roll Call of new translations of Chinese literature.
Activities for Translators
- We continued our work with the Anthea
Bell Prize for Young Translators.
Governance Activities
- In October 2023 we appointed two new trustees, broadening our base of experience and bringing new points of view into the charity governance. Statement confirming Para 1.18 The trustees, in making decisions about the whether the trustees have activities of Paper Republic, have had due regard had regard to the guidance to the commission’s public benefit guidance issued by the Charity when exercising any powers or duties to which Commission on public the guidance is relevant. benefit
Additional information (optional) You may choose to include further statements where relevant about:
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SORP reference
Para 1.38
Policy on grant making
Para 1.38
Policy on social investment
including program related
investment
The management team at Paper Republic
work as volunteers. Inevitably there are times
when some volunteers have to step back, due
Para 1.38
to work and other pressures. However,
Contribution made by
during this period we have had an average of
volunteers
six members of the management team.
Other
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Achievements and Performance
| SORP reference | ||
|---|---|---|
| The GuideThe Paper Republic Guide to | ||
| Contemporary Chinese Literature, a survey | ||
| combining scholarly essays with a directory | ||
| of important contemporary authors and | ||
| Summary of the main achievements of the charity, identifying the difference the |
Para 1.20 | works, continued to be an aspect of our work, with continued sales of paper and digital copies. |
| charity’s work has made to | Read Paper Republic.Our flagship series of | |
| the circumstances of its | free-to-read online publications continued | |
| beneficiaries and any wider | apace, with one series published during this | |
| benefits to society as a whole. |
reporting period and a second shortly thereafter. The_Food_series comprised six |
|
| stories published in mid-2023. We have | ||
| continued to be able to pay both translators | ||
| and editors for their work, which we consider | ||
| a vital project and an important use of raised | ||
| funds. | ||
| Open University Book Club.Our | ||
| partnership with Open University, begun | ||
| during the previous reporting period, has | ||
| grown into a regular and successful series of | ||
| online “Book Club” meetings. Paper | ||
| Republic members select stories, often from | ||
| previous Read Paper Republic series, and | ||
| contact participants – typically the translators | ||
| and occasionally authors – to join a lively | ||
| conversation that involves readers. Book | ||
| club participation has remained high over the | ||
| course of the year. | ||
| This period encompassed three book club | ||
| events, for which Paper Republic was paid | ||
| an organizational fee.Benefits to the | ||
| reading public: free, easy access to high | ||
| quality translations, with the participatory | ||
| benefit of group discussion and questions | ||
| posed to expert translators. | ||
| Newsletter. The newsletter has been on | ||
| hiatus while we reorganize responsibilities | ||
| with regards to the management team. | ||
| Annual Roll Call of new translations of | ||
| Chinese literature.This series continues to | ||
| result in high reader engagement, and many | ||
| community contributions. | ||
| Activities for Translators | ||
| Anthea Bell Prize for Young | ||
| Translators | ||
| This year we continued our work on | ||
| the Anthea Bell Prize for Young | ||
| ~~Translators, in conjunction with the~~ |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.41 Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | In this period, the charity’s gross income was £3,812, with cash funds of £14,377 available at year end. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | It is the policy of the charity to hold sufficient reserves to protect the future operations of the charity, to cover: a period of low income while remedial action is taken an unexpected loss on a project unforeseen expenditure items any related costs should the trustees ever seek to merge or wind up the charity. |
| Amount of reserves held | Para 1.22 | £1,000 minimum |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | none |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | none |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
Earned income and donations |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
|---|---|---|
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Apart from the first charity trustees, every trustee has been appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees have had regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
|
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related |
parties Para 1.51 Other
Reference and Administrative details
| Charity name | Paper Republic |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1182259 |
| Charity’s principal address | 25 Park Avenue, Chelmsford CM1 2AB |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Nicola Harman | ||||
| Emily Jones | ||||
| Eric Abrahamsen | Chair of Trustees | |||
| Robina Pelham Burn |
Ending June 2023 | |||
| Wangzhen Ni | ||||
| Xinna Wang | Treasurer | |||
| Anne Henochowicz |
Beginning October 2023 | |||
| Jemimah Steinfeld |
Beginning October 2023 |
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | |
|---|---|---|---|
| Type of adviser Name Address |
|||
| Name of chief executive or names of senior staff members (Optional information) | |||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees Signature(s) Eric Abrahamsen Full name(s) Xinna Wang Position (eg Secretary, Trustee and Treasurer Chair of Trustees Chair, etc) Date 19th January 2025
Charity Name No (if any) Paper Republic 1182259 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01.04.2023 31.03.2024
Section A Receipts and payments
| to the nearest £ A1 Receipts Voluntaryreceipts 323 Charitable activities 3,489 - - - - - - 3,812 - - Sub total - Total receipts 3,812 Unrestricted funds Sub total(Gross income for AR) A2 Asset and investment sales, (see table). |
to the nearest £ - - - - - - - - - - - - - Restricted funds |
to the nearest £ - - - - - - - - - - - - - Endowment funds |
Total funds to the nearest £ 323 3,489 - - - - - - 3,812 - - - 3,812 |
Last year to the nearest £ |
|---|---|---|---|---|
| 519 | ||||
| 4,427 | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| 4,946 | ||||
| - | ||||
| - | ||||
| - | - | 3,812 | 4,946 |
| A3 Payments Costs of charitable activities 4,319 Costs ofgeneratingvoluntaryreceipts 101 Governance costs - Bank interest and charges 160 - - - - - Sub total 4,580 - - Sub total - Total payments 4,580 Net of receipts/(payments) - 767 A5 Transfers between funds - A6 Cash funds last year end 15,145 Cash funds this year end 14,377 A4 Asset and investment purchases, (see table) |
- - - - - - - - - - - - - - - - - - |
- - - - - - - - - - - - - - - - - - |
4,319 101 - 160 - - - - - 4,580 - - - 4,580 - 767 - 15,145 14,377 |
|
|---|---|---|---|---|
| 1,082 | ||||
| 522 | ||||
| - | ||||
| 15 | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| 1,619 | ||||
| - | ||||
| 1,619 | ||||
| - | - | - 767 | 3,327 | |
| - | - | - | - | |
| - | - | 15,145 | 11,818 | |
| - | - | 14,377 | 15,145 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Bank accounts Details Details Details Details Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 14,377 - - - - - 14,377 - OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Xinna Wang Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
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| Xinna Wang | 16.01.2025 |
Eric Abrahamsen 16.01.2025