AUTHORS' AWARDS AND ADVANCEMENT
Literary Awards and Prizes for the celebration and advancement of authors.
Objects
THE OBJECTS OF THE CIO ARE RESTRICTED SPECIFICALLY TO PROMOTE THE ART OF LITERATURE FOR THE BENEFIT OF THE PUBLIC BY:1 THE ESTABLISHMENT, SUPPORT, MAINTENANCE AND AWARD OF PRIZES;2 THE PROVISION OF ADVICE, TRAINING, COACHING AND MENTORING TO NEW AUTHORS, UNPUBLISHED AUTHORS, LITERARY EXECUTORS AND BENEFICIARIES AND BY ENGAGING IN OR SUPPORTING RELEVANT RESEARCH AND ENSURING THAT THE USEFUL RESULTS OF SUCH RESEARCH ARE DISSEMINATED TO THE PUBLIC; AND3 THE RELIEF OF AUTHORS SUFFERING FINANCIAL HARDSHIP.FOR THE PURPOSES OF THIS CLAUSE 3.1, “AUTHORS” MEANS CREATORS OF ALL FORMS OF WORKS INCLUDING LITERARY, DRAMATIC, ARTISTIC, SCIENTIFIC, TECHNICAL, EDUCATIONAL AND MUSICAL WORKS, ADAPTATIONS OR PUBLICATIONS IN WHATEVER FORMAT OR MEDIA OR MULTIMEDIA INCLUDING FILMS, BROADCASTS, PERFORMANCE AND RECORDINGS.
Financial health, per its FY2025 accounts
The charity reported a net increase in funds of £31,499 for the year ended 31 December 2025, bringing total funds carried forward to £776,194. The Trustees consider that the charity has sufficient income and capital to meet its obligations in the foreseeable future and have adopted the going concern basis. Unrestricted funds stood at £736,343, comprising a general fund of £428,253 and designated funds of £308,090.
What the accounts disclose
“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
“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 £38,450 (2024: £44,580).” — page 22
“The Strachey Trust granted £6,000 (2024: £5,000) to the charity for travel grants to a UK archive or collection for research manuscript material. This £6,000 was to cover both the grants and the set up and administration.” — page 22
“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 £38,450 (2024: £44,580).” — page 22
“The Strachey Trust granted £6,000 (2024: £5,000) to the charity for travel grants to a UK archive or collection for research manuscript material. This £6,000 was to cover both the grants and the set up and administration.” — page 22
“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 £38,450 (2024: £44,580).” — page 22
“The Strachey Trust granted £6,000 (2024: £5,000) to the charity for travel grants to a UK archive or collection for research manuscript material. This £6,000 was to cover both the grants and the set up and administration.” — page 22
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
Self-declared on the annual return for the financial year ending 31/12/2024
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
Self-declared on the annual return for the financial year ending 31/12/2023
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
Trustees
- ANDREW SUBRAMANIAM
- Dr Zaahida Nabagereka
- Owen David Atkinson
- SARAH OLEX
- The Society of Authors
- Zoey Louise Forbes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £162k | £133k |
| 31/12/2024 | £179k | £184k |
| 31/12/2023 | £65k | £185k |
| 31/12/2022 | £465k | £68k |
| 31/12/2021 | £109k | £18k |
Common questions
Is AUTHORS' AWARDS AND ADVANCEMENT financially healthy?
Per its FY2025 accounts: The charity reported a net increase in funds of £31,499 for the year ended 31 December 2025, bringing total funds carried forward to £776,194. The Trustees consider that the charity has sufficient income and capital to meet its obligations in the foreseeable future and have adopted the going concern basis. Unrestricted funds stood at £736,343, comprising a general fund of £428,253 and designated funds of £308,090. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MAHORO CHARITABLE TRUST | 1 | £35k |
| THE WILLIAM ALLEN YOUNG CHARITABLE TRUST | 1 | £22k |
| THE NORTON ROSE FULBRIGHT CHARITABLE FOUNDATION | 1 | £16k |
| THE JOHN COATES CHARITABLE TRUST | 1 | £13k |
| SOCIETY OF THE HOLY CHILD JESUS CIO | 1 | £10k |
| SUSANNA PEAKE CHARITABLE TRUST | 1 | £8k |
| THE ALLEN OVERY SHEARMAN STERLING FOUNDATION | 1 | £5k |
| THE FENTON ARTS TRUST | 1 | £5k |
Charities like this
- THE AUTHOR'S FOUNDATION
- FIELDNOTES
- WOMEN'S PRIZE TRUST
- THE AUTHORS' CONTINGENCY FUND
- ADULT LITERACY TRUST
- THE A W LYMN CENTENARY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AUTHORS' AWARDS AND ADVANCEMENT | £162k | — | — | unclear | — | no doubt |
| THE AUTHOR'S FOUNDATION | £233k | — | — | above | — | no doubt |
| FIELDNOTES | £25k | — | 0 | unclear | — | no doubt |
| WOMEN'S PRIZE TRUST | £1.5m | — | — | unclear | — | no doubt |
| THE AUTHORS' CONTINGENCY FUND | £49k | — | — | unclear | — | no doubt |
| ADULT LITERACY TRUST | £360k | — | 0 | above | — | no doubt |