Professional Documents
Culture Documents
Presidents statement
Introduction
Campaigning in the UK
10
12-28
English PENs
programmes are all
dedicated towards
improving the
conditions in which
writers and readers
can flourish
Workshop leaders
and participants in the
Brave New Words project
Credit: English PEN
Ngg wa Thiongo
interviewed by English PEN
trustee Amanda Hopkinson at
International Translation Day
2013 at the British Library
Credit: George Torode
Celebrating writers
at public events
English PEN runs events throughout the year, featuring
leading authors, new talent and international writers.
We engage with the major challenges for freedom of
expression and reach a diverse audience through our
literary programme. We also award prizes for excellence,
including the PEN Ackerley Prize for literary biography,
which Richard Holloway won for Leaving Alexandria:
A Memoir of Faith and Doubt and the Hessell-Tiltman for
history, awarded to Keith Lowe for Savage Continent:
Europe in the Aftermath of World War II.
The PEN Literary Cafe at the London Book Fair featured
writers from Turkey, the 2013 market focus. We held a
sell-out event at the Arcola Theatre in East London with
leading Turkish authors including Murathan Mungan,
Oya Bayder and Ece Temelkuran. It was well attended
by the local Turkish and Kurdish community. We were
also delighted to host talks with Lionel Shriver and Will
Self at the London Book Fair itself.
Canongate
Faber & Faber
Hachette UK
HarperCollins
AB Charitable Trust
Big Lottery Fund
Calouste Gulbenkian Foundation
Esme Fairbairn Foundation
European Commission
The Foyle Foundation
John Lyons Charity
Corporate Donors
Bloomberg LP
Bob & Co
Four Colman Getty
Sothebys, London
FT Weekend
Islington Council
Benefactors
10
11
12
Organisational structure
Related parties
English PEN is the founding centre of PEN International,
and has voting rights at the Assembly of Delegates,
which constitutes PEN Internationals Annual General
Meeting. English PEN is also one of eight founding
members of the Free Word Centre, which opened in
London in 2009 after a three-year feasibility study
concluded that the beneficiaries of organisations in
the literature, literacy and free speech sectors would
be well served by the creation of a new flagship
building. Whilst Free Word provides English PEN with a
physical home, and the capacity for far closer working
relationships within these sectors, it has no authority
over English PENs organisational strategy or internal
policies. All founding members have observer status at
Free Word Board meetings.
Risk management
The trustees have a duty to identify and review the
risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable
assurance against fraud and error.
Reserves policy
It is the charitys policy to hold reserves to cover
operating costs for six months. Current reserves are
sufficient.
13
Public benefit
English PENs registration as a charity on 26 August 2008
marked the Charity Commissions acceptance of the
organisations public benefit throughout its activities.
The Charity Commission agreed with the trustees that
writers, authors, editors, publishers and other persons
similarly engaged throughout the world constitute a
particularly vulnerable class of beneficiaries. This ruling
will enable English PEN to concentrate its resources
most effectively on this beneficiary class, whilst as
the Charity Commission acknowledges benefiting the
public generally.
The Charity Commissions Board made three noteworthy
points in their review of English PENs application for
charitable status. They ruled that the commission is
entitled to look beyond the expressed objects when
considering whether an organisation is charitable; that
the Commission is able to consider past activities as
informative but not determinative of charitable status;
and that the public benefit must be assessed in relation to
each individual object in turn.
This means in practice that the public benefit of English
PENs work has been exhaustively demonstrated across all
of its activities.
The Charity Commission also reaffirmed the guidance in
publication RR12, that international advocacy of human
rights is a means of promoting human rights as it is
understood in charity law and that this includes advocating
the adoption of, and compliance with, international and
regional codes of human rights. Coupled with English
PENs clear internal procedures for assessing the scale
of a human rights threat before engaging in political
campaigning, this guidance give the charity flexibility
to allocate its resources to campaigns as and when
appropriate in pursuit of its charitable objects.
Statement of trustees
responsibilities
The trustees (who are also the directors of English PEN for
the purpose of company law) are responsible for preparing
the Report of the Trustees and the financial statements
in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Company law requires the trustees to prepare financial
statements for each financial year which give a true
and fair view of the state of affairs of the charitable
company and of the incoming resources and application
of resources, including the income and expenditure, of
the charitable company for that period. In preparing those
financial statements, the trustees are required to:
14
Statement as to disclosure
of information to auditors
So far as the trustees are aware, there is no relevant
information (as defined by Section 418 of the Companies
Act 2006) of which the charitable companys auditors are
unaware, and each trustee has taken all the steps that
they ought to have taken as a trustee in order to make
them aware of any audit information and to establish
that the charitable companys auditors are aware of that
information.
Auditors
The auditors, Messrs. Grant Harrod Lerman Davis LLP,
will be proposed for re-appointment at the forthcoming
Annual General Meeting.
9 October 2014
Director
Jo Glanville
Deputy Director
Catherine Taylor
Registered Office
Company Number
Charity Number
1125610
Auditors
Bankers
15
Respective responsibilities of
trustees and auditors
As explained more fully in the Statement of Trustees
Responsibilities, the trustees (who are also the directors
of the charitable company for the purposes of company
law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true
and fair view.
Our responsibility is to audit and express an opinion on
the financial statements in accordance with applicable
law and International Standards on Auditing (UK and
Ireland). Those standards require us to comply with the
Auditing Practices Boards Ethical Standards for Auditors,
including APB Ethical Standard - Provisions Available for
Small Entities (Revised), in the circumstances set out in
note 13 to the financial statements.
16
Opinion on financial
statements
In our opinion the financial statements:
give a true and fair view of the state of the
charitable companys affairs as at 31 March 2014
and of its incoming resources and application of
resources, including its income and expenditure,
for the year then ended;
have been properly prepared in accordance with United
Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the
requirements of the Companies Act 2006.
Restricted
Funds
Total
Funds
Year ended
2014
112,252
441,168
8,400
244
112,252
441,168
8,400
244
107,627
54,545
10,021
117
151,408
1,214
287,957
-
439,365
1,214
622,143
3,555
714,686
287,957
1,002,643
798,008
44,509
44,509
42,531
513,480
23,098
-
123,788
63,592
188,920
40,189
(170,936)
-
123,788
63,592
188,920
40,189
342,544
23,098
-
115,691
50,380
135,837
51,017
266,909
13,652
-
581,087
245,553
826,640
676,017
133,599
42,404
176,003
121,991
24,550
24,550
158,149
42,404
200,553
121,991
288,939
109,244
398,183
276,192
447,088
151,648
598,736
398,183
Note
Incoming Resources
Incoming resources from generated Funds
Voluntary income
Activities for generating funds
Income from investments
Bank interest receivable
Incoming resources from charitable activities
Grants receivable
Other income
3,4
Total
Funds
Year ended
2013
17
Restricted
Funds
2014 Total
funds
2013 Total
funds
5
6
34,836
209,629
244,465
34,836
209,629
244,465
6,348
185,079
191,427
77,490
300,652
378,142
151,648
151,648
77,490
452,300
529,790
109,874
220,310
330,184
(175,519)
(175,519)
(123,428)
202,623
151,648
354,271
206,756
447,088
151,648
598,736
398,183
151,648
255,718
191,370
109,244
288,939
598,736
398,183
Note
Fixed Assets
Tangible assets
Investments
Current Assets
Debtors
Cash at bank and in hand
Creditors
Amounts falling due within one year
Funds
Restricted
Unrestricted Designated
Unrestricted
9
10
Maureen Freely
Barry Kernon
President
Treasurer
Company Registration Number: 05747142
18
Fund accounting
Incoming resources
Grants, subscriptions and donations are accounted
for on an receipts basis, other income on an accruals
basis, except for certain advance payments received
at the end of the financial year in respect of activities
to take place in the following financial year, which
are carried forward in the financial statements as
deferred income. Other income is accounted for on an
accruals basis.
Resources expended
All expenditure is accounted for on an accruals basis
and has been classified under headings that aggregate
all costs related to the category. Wherever possible
costs are directly attributed to these headings.
Costs common to more than one area are apportioned
on the basis of staff time.
Governance costs are those incurred in the governance
of the charity and are primarily associated with the
constitutional and statutory requirements.
Investments
Investments are stated at market value as at the
balance sheet date. Any gain or loss on revaluation is
taken to the Statement of Financial Activities in the
period to which they relate.
Pension costs
Pension contributions payable to employee defined
contribution pension schemes are charged to the
Statement of Financial Affairs in the period to which
they relate.
19
Grants
received
Deferred
income
carried
forward
Total 2014
Total 2013
Restricted
7,500
7,500
120,000
120,000
120,000
Bloomberg L.P.
50,000
50,000
50,000
AB Charitable Trust
1,000
1,000
30,000
Esme Fairbairn
27,083
European Commission
19,541
19,541
18,456
Foyle Foundation
10,000
10,000
MB Reckitt Trust
8,000
17,166
17,166
60,720
Booktrust
19,500
3,500
3,500
2,774
15,000
10,000
5,000
5,000
1,000
10,000
5,000
5,000
8,250
8,250
5,000
1,000
16,000
16,000
16,000
5,000
25,000
25,000
25,000
25,000
25,000
58,500
269,457
40,000
287,957
394,533
106,190
70,000
36,190
110,000
105,218
105,218
107,610
Unrestricted
10,000
10,000
10,000
221,408
70,000
151,408
227,610
58,500
490,865
110,000
439,365
622,143
Total Grants Receivable
20
2014
2013
312,319
283,887
30,844
27,268
6,755
15,077
349,918
326,232
During the year three trustees were reimbursed 1,143 expenses for travel (including 848 for travel to one PEN International
conference in Krakow) (2013 : 936 to four trustees).
During the year, three trustees received a total of 840 for translation work (2013 : 680).
No employee received an annual remuneration in excess of 60,000 (2013: nil).
The total number of employees calculated on a full time equivalent basis during the year was 9.5 (2013 - 9.5).
2013
2012
2.0
2.0
1.5
1.5
1.5
1.5
Campaigns staff
0.5
0.5
2.0
2.0
2.0
2.0
Total
9.5
9.5
21
Readers
& Writers
Writers
at Risk
Writers in
Translation
Governance
2014
2013
46,586
56,788
61,825
30,266
154,453
349,918
326,232
Temps/recruitment/training
175
192
156
8,601
113
9,237
6,030
880
4,804
213
61,628
1,498
69,029
61,593
8,307
1,030
45
61
12,898
7,692
30,033
26,334
4,120
393
791
1,036
7,929
486
14,755
14,464
1,200
1,200
1,975
44,251
18,799
1,030
64,080
60,210
4,718
1,934
96,018
102,670
55,101
546
546
32,185
9,538
500
4,030
70,067
192
84,327
56,625
4,660
2,184
8,050
9,275
4,483
28,652
5,492
Audit costs
4,800
600
5,400
5,100
Accountancy costs
481
481
415
Legal fees
7,370
7,370
Bank charges
51
51
395
17
3,456
3,970
1,106
Depreciation
15,752
15,752
2,100
502
129
17
37,599
38,247
18,886
Bad debts
(760)
(760)
Miscellaneous expenses
385
840
(156)
664
1,733
2,169
123,788
63,592
188,920
40,189
387,053
23,098
826,640
676,017
2013
115,691
50,380
135,837
51,017
309,440
13,652
676,017
Grants to Writers
Campaign costs
22
12,424
44,240
-
At 31 March 2014
56,664
Depreciation
At 1 April 2013
Charge for the year
6,076
15,752
At 31 March 2014
21,828
34,836
At 31 March 2013
6,348
2014
2013
185,079
185,079
24,550
209,629
185,079
Historical Cost
158,548
158,548
Cost 2014
Cost 2013
56,023
31,397
43,792
31,397
70,056
44,160
55,047
44,160
83,550
82,901
86,240
82,901
209,629
158,458
185,079
158,458
23
Trade debtors
FEST Auction costs paid in advance
Other debtors
2014
2013
70,725
20,850
29,558
6,765
59,466
77,490
109,874
Trade creditors
Social security and other taxes
Deferred income - Restricted
2014
2013
26,554
24,898
8,504
8,412
110,000
58,500
30,461
31,618
175,519
123,428
24
Incoming
Resources
Resources
Expended
Balance
at 2014
7,500
3,450
4,050
78,568
120,000
96,800
101,768
Bloomberg L.P.
10,490
50,000
36,875
23,615
3,286
3,286
5,637
5,637
European Commission
1,220
19,541
16,210
4,551
10,000
10,000
6,241
6,241
MB Reckitt Trust
1,000
1,000
17,166
17,166
9,500
9,500
5,000
5,000
2,655
1,534
1,121
8,250
8,250
147
16,000
9,604
6,543
25,000
25,000
109,244
287,957
245,553
151,648
AB Charitable Trust
Foyle Foundation
25
26
2014
2013
344,570
(22,888)
(50,000)
- Writers at Risk
(1,860)
- Campaigns
(6,650)
(7,454)
255,718
27
Net
Current
Assets
Total 2014
Total 2013
34,836
209,629
(53,095)
191,370
288,939
Designated Funds
255,718
255,718
Restricted Funds
151,648
151,648
109,244
34,836
209,629
354,271
598,736
398,183
Tangible
Fixed Assets
Total Funds
12 Limited Liability
English PEN is a company limited by guarantee. Liability is limited to 1 per member.
As at 31 March 2014 there were 1,047 members.
28
English PEN
Free Word Centre
60 Farringdon Road
London EC1R 3GA
T +44 (0) 20 7324 2535
Design
Brett Biedscheid, statetostate.co.uk
Printed by McAllister Litho Glasgow Ltd
Registered Office
Free Word Centre
60 Farringdon Road
London
EC1R 3GA
www.englishpen.org