for the Period Ended 31 August 2024
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
As at
| Notes | 2024 | 13 months to 31 August 2023 | |
|---|---|---|---|
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£ |
£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: | 3 |
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| Cash at bank and in hand: |
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| Investments: |
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| Total current assets: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 4 |
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(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Provision for liabilities: |
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| Accruals and deferred income: |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2024
Basis of measurement and preparation
for the Period Ended 31 August 2024
| 2024 | 13 months to 31 August 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 August 2024
| 2024 | 13 months to 31 August 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Total |
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| Debtors due after more than one year: |
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for the Period Ended 31 August 2024
| 2024 | 13 months to 31 August 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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Future Words Prize administers the Future Worlds Prize for unpublished sci fi and fantasy writers of colour. It launched in 2020, and was registered as a CIC in 2022. During 2023-24, Future Worlds: -administered the prize, including fundraising, partnership management, marketing, shortlisting, judging, awarding the prize at a public event, and evaluation. -awarded £12,100 in prize money to a winner (£4,500), runner up (2,500) and six shortlisted writers (£850), plus arranged mentoring programme across eight publishing houses - supported previous winners to meet and secure agents - organised an 'intro to publishing' event to demystify the publishing industry for new writers, especially writers of colour and other marginalised groups -worked with national literature and sci fi festivals to platform new writing from marginalised writers.
The Future Worlds Prize directors undertake the following consultation with stakeholders: -Quarterly meetings with private donors Ben Aaronovitch and Adjoa Andoh -contact with independent advisory group, comprising librarians, authors and agents -Annual updating of Memos of Understanding, plus ad hoc communication with publishing partners
Company directors Sarah Shaffi and Andy Ryan both received payment totalling £15,340 across 2023-24 to administer the prize. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
18 June 2025
And signed on behalf of the board by:
Name: Andy Ryan
Status: Director