FUTURE WORLDS PRIZE CIC

Company limited by guarantee

Company Registration Number:
14292390 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2025

Period of accounts

Start date: 1 September 2024

End date: 31 August 2025

FUTURE WORLDS PRIZE CIC

Contents of the Financial Statements

for the Period Ended 31 August 2025

Directors report
Balance sheet
Additional notes
Community Interest Report

FUTURE WORLDS PRIZE CIC

Directors' report period ended 31 August 2025

The directors present their report with the financial statements of the company for the period ended 31 August 2025

Principal activities of the company

The principal activity of the company was arranging, organising and running the Future Worlds literary prize as outlined on the futureworlds.co.uk website.



Directors

The directors shown below have held office during the whole of the period from
1 September 2024 to 31 August 2025

Andy Ryan
 Sarah Shaffi

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 May 2026

And signed on behalf of the board by:
Name: Andy Ryan
Status: Director

FUTURE WORLDS PRIZE CIC

Balance sheet

As at 31 August 2025

Notes 2025 2024


£
£
Current assets
Cash at bank and in hand: 2,538 1,954
Total current assets: 2,538 1,954
Net current assets (liabilities): 2,538 1,954
Total assets less current liabilities: 2,538 1,954
Total net assets (liabilities): 2,538 1,954
Members' funds
Profit and loss account: 2,538 1,954
Total members' funds: 2,538 1,954

The notes form part of these financial statements

FUTURE WORLDS PRIZE CIC

Balance sheet statements

For the year ending 31 August 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 28 May 2026
and signed on behalf of the board by:

Name: Andy Ryan
Status: Director

The notes form part of these financial statements

FUTURE WORLDS PRIZE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for good supplied or services rendered by the company, net of Value Added Tax and trade discounts. Donations given by individuals with no condition other than that there is a literary prize awarded are treated as such for tax purposes. Donations from companies within the industry are treated as trading sponsorship.

FUTURE WORLDS PRIZE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 2 2

COMMUNITY INTEREST ANNUAL REPORT

FUTURE WORLDS PRIZE CIC

Company Number: 14292390 (England and Wales)

Year Ending: 31 August 2025

Company activities and impact

Future Worlds Prize CIC 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 2024-25 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 each) plus arranged a mentoring programme across a number of publishing houses -supported previous winners to meet and secure agents -worked with national literature and sci fi festivals to platform new writing from marginalised writers.

Consultation with stakeholders

The Future Worlds Prize CIC 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.

Directors' remuneration

Company directors Sarah Shaffi and Andy Ryan each received payments totalling £17,700 during 2024-25 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.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 May 2026

And signed on behalf of the board by:
Name: Andy Ryan
Status: Director