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AUTHORS' AWARDS AND ADVANCEMENT

Registered charity 1182586 · accounts filings on the Charity Commission register

Literary Awards and Prizes for the celebration and advancement of authors.

Causes: Education/training · Disability · Arts/culture/heritage/science · website · Get email alerts

Latest income
£179k
Latest spending
£184k
Registered
2019
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total funds increased to £744,695, with unrestricted funds standing at £679,306. The charity reported a net income of £21,606 after investment gains, supported by incoming resources of £184,347. The trustees confirm the charity has sufficient resources to continue in operational existence for the foreseeable future.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: sufficient but not excessive funds to service its objective of making future charitable distributions (held: £679k)
“The Trustees policy is to operate on the basis of being able to continue to generate sufficient incoming resources to use toward meeting their charitable objectives and to accord with their principal terms. The Trustees are of the opinion that the funds remain sufficient to enable them to continue this ongoing objective. The charity has sufficient but not excessive funds to service its objective of making future charitable distributions.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Society of Authors, which is a corporate Trustee of the charity, carried out management services for the charity and charged a management fee for the year amounting to £44,580 (2023: £44,650). In addition, the charity reimbursed The Society of Authors for costs totalling £8,909 (2023: £55,119) incurred on behalf of the charity.
“The Society of Authors, which is a corporate Trustee of the charity, carried out management services for the charity and charged a management fee for the year amounting to £44,580 (2023: £44,650). In addition, the charity reimbursed The Society of Authors for costs totalling £8,909 (2023: £55,119) incurred on behalf of the charity.” — page 21
“With the agreement of the funder, £34,000 of the unspent balance of the Hawthornden Foundation restricted fund was regranted to The Authors Contingency Fund, another charity administered by The Society of Authors, which shares Trustees with the charity.” — page 21
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: With the agreement of the funder, £34,000 of the unspent balance of the Hawthornden Foundation restricted fund was regranted to The Authors Contingency Fund, another charity administered by The Society of Authors, which shares Trustees with the charity.
“The Society of Authors, which is a corporate Trustee of the charity, carried out management services for the charity and charged a management fee for the year amounting to £44,580 (2023: £44,650). In addition, the charity reimbursed The Society of Authors for costs totalling £8,909 (2023: £55,119) incurred on behalf of the charity.” — page 21
“With the agreement of the funder, £34,000 of the unspent balance of the Hawthornden Foundation restricted fund was regranted to The Authors Contingency Fund, another charity administered by The Society of Authors, which shares Trustees with the charity.” — page 21
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Strachey Trust granted £5,000 (2023: Nil) to the charity for travel grants to a UK archive or collection for research manuscript material.
“The Society of Authors, which is a corporate Trustee of the charity, carried out management services for the charity and charged a management fee for the year amounting to £44,580 (2023: £44,650). In addition, the charity reimbursed The Society of Authors for costs totalling £8,909 (2023: £55,119) incurred on behalf of the charity.” — page 21
“With the agreement of the funder, £34,000 of the unspent balance of the Hawthornden Foundation restricted fund was regranted to The Authors Contingency Fund, another charity administered by The Society of Authors, which shares Trustees with the charity.” — page 21
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£179k£184k
31/12/2023£65k£185k
31/12/2022£465k£68k
31/12/2021£109k£18k
31/12/2020£377k£11k

Common questions

Is AUTHORS' AWARDS AND ADVANCEMENT financially healthy?

Per its FY2024 accounts: The accounts state that total funds increased to £744,695, with unrestricted funds standing at £679,306. The charity reported a net income of £21,606 after investment gains, supported by incoming resources of £184,347. The trustees confirm the charity has sufficient resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.