THE AUTHOR'S FOUNDATION
The Foundation gives grants to professional writers working on a book, in order to help cover research expenditure or to buy time
Financial health, per its FY2024 accounts
The accounts state that the charity's total net assets decreased from £5,528,016 to £5,459,559, driven by a net decrease in funds across both unrestricted and restricted endowment funds. The Trustees report that the charity has sufficient but not excessive funds to service its objective of making future charitable distributions and has adequate resources to continue in operational existence for the foreseeable future.
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 4
“The Society of Authors, which is a Trustee of the Foundation, carried out management services for the Foundation and charged management fee for the year amounting to £62,184 (2023: £59,220). There were no other related party transactions in the year.” — page 13
“The Foundation has a 49% shareholding in Eric Ambler Literary Management Limited, representing a nominal value of 49 £1 shares. A controlling 51% holding is held by Worldwrites Limited (formerly Legacy Books Limited) which is part of the Peter Fraser & Dunlop Group.” — page 11
Trustees
- Ardashir Navroz Vakil
- George Reginald Clive Graham
- Moniza Alvi
- Sarah Ann Waters
- The Society of Authors
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £195k | £436k |
| 31/12/2023 | £211k | £435k |
| 31/12/2022 | £212k | £430k |
| 31/12/2021 | £184k | £281k |
| 31/12/2020 | £167k | £435k |
Common questions
Is THE AUTHOR'S FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity's total net assets decreased from £5,528,016 to £5,459,559, driven by a net decrease in funds across both unrestricted and restricted endowment funds. The Trustees report that the charity has sufficient but not excessive funds to service its objective of making future charitable distributions and has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| THE TANAGRA FOUNDATION | 1 | £33k |
| THE D G CHARITABLE TRUST | 1 | £25k |
Charities like this
- THE ROYAL LITERARY FUND
- THE GENERATIONAL FOUNDATION
- THE READING FOUNDATION
- THE AUTHORS' CONTINGENCY FUND
- THE MELETE FOUNDATION
- THE BLAKEY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE AUTHOR'S FOUNDATION | £195k | — | 0 | above | — | no doubt |
| THE ROYAL LITERARY FUND | £4.3m | — | — | unclear | — | no doubt |
| THE GENERATIONAL FOUNDATION | £1.4m | — | 0 | unclear | — | no doubt |
| THE READING FOUNDATION | £517k | — | 0 | unclear | — | no doubt |
| THE AUTHORS' CONTINGENCY FUND | £49k | — | 0 | within | — | no doubt |
| THE MELETE FOUNDATION | £157k | — | 0 | unclear | — | no doubt |