## **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**_
1. We continued our Read Paper Republic series – complete, free-to-read pieces of fiction, non-fiction or poetry.
2. We continued collaboration with Open University on a series of online book clubs.
3. We produced our popular annual Roll Call of new translations of Chinese literature.
## _**Activities for Translators**_
4. We continued our work with the Anthea
Bell Prize for Young Translators.
## _**Governance Activities**_
5. 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:
**----- Start of picture text -----**
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
**----- End of picture text -----**
Achievements and Performance
||SORP reference||
|---|---|---|
|||**The Guide**The 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**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||Xinna Wang|16.01.2025|
Eric Abrahamsen
16.01.2025