Finance Score: -3
Governance Score: -13
Support Score: 6
  • Strong growth: +2
  • Volatile income & significant deficit in latest year: -5
  • No PartB
  • Very static board: -5
  • Mainly female board: -1
  • Latest return overdue -5
  • Multiple returns filed late: -2
  • Gov Income
  • Overall weighted support: +6
Overall GiG Score: -10 ?

THE LITERATURE PRIZE FOUNDATION

The Prize aims to promote reading and appreciation of literature for the public benefit by selecting and raising the profile of the very best works published each year. Through its events, website and other media, it seeks to engage readers and writers throughout the English-speaking world in cultural debate and in the celebration, sustainment and furtherance of the art of literature.
Analysis by Giving is Great

Positives:

  • The charity has received Government grants
  • There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

  • The Board is predominantly female
  • Why is the Board composition very static?
  • and returns have been filed late on 2 occasions over the last 5 years

Financial issues to consider:

  • Income has been volatile recently and was significantly lower than spending in the latest year
  • A PartB annual return has not been required and so detailed financial information is not available from the online data

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit £k
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/12/22£140£210£-70n/an/an/an/an/an/a
31/12/21*£229£169£60n/an/an/an/an/an/a
31/12/20*£208£189£19n/an/an/an/an/an/a
31/12/19£180£188£-8n/an/an/an/an/an/a
31/12/18£165£128£37n/an/an/an/an/an/a
31/12/17£74£97£-23n/an/an/an/an/an/a
31/12/16*£60£41£19n/an/an/an/an/an/a
31/12/15*£158£154£4n/an/an/an/an/an/a
31/12/14*£301£309£-8n/an/an/an/an/an/a
31/12/13*£208£201£8n/an/an/an/an/an/a

Highest pay bracket: less than £60,000
Established: 12 years
Charity Commission for England and WalesInstagramX
UN SDGs
?
Listed activities
  • Arts/Culture/Heritage/Science
GiG Classification
  • General Community services
How it operates
  • Makes grants to individuals
  • Other charitable activities
  • Provides services
Where it operates
  • Throughout London,
Who it helps
  • The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations
Amount When
Months
To be used for
Esmee Fairbairn - TASK to The Literature Prize Foundation
£15,000 20/10/2023
TASK fund donation towards the Folio Prize mentorship programme

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)
Current Trustees appointed
Gender Split

  • ANDREW NICHOLSON KIDD (Chair) Appointed: 2013
  • AMY LASHINSKY Appointed: 2016
  • ANNA NATALIA FAIRWEATHER Appointed: 2016
  • KATE VICTORIA HARVEY Appointed: 2013
  • SUZY LUCAS Appointed: 2016
  • TANYA SEGHATCHIAN Appointed: 2013, Occupation: Producer
Legal constitution
  • Charity registered in England & Wales on 05/03/2013, number: 1151069
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Conflicting interests
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
Filing Record
10 returns made; AR21: 111 days late, AR20: 476 days late, AR16: 111 days late, AR15: 20 days late, AR14: 8 days late, AR13: 130 days late,
Main office

77 Barnsbury Street
London
N1 1EJ

Objectives

TO PROMOTE THE READING AND APPRECIATION OF LITERATURE FOR THE PUBLIC BENEFIT BY SELECTING AND RAISING THE PROFILE OF THE VERY BEST WORKS OF FICTION PUBLISHED EACH YEAR, IN PARTICULAR THROUGH THE AWARD OF THE ANNUAL LITERATURE PRIZE (TO OPERATE PUBLICLY, FOR THE FORESEEABLE FUTURE, AS THE FOLIO PRIZE, ADOPTING THE NAME OF OUR SPONSOR). THE PRIZE RECOGNIZES SUPERB LITERARY MERIT IN A WORK WRITTEN IN ENGLISH AND PUBLISHED IN THE UK, AND IS OPEN TO WRITERS GLOBALLY. THROUGH ITS WEBSITE AND OTHER MEDIA, AS WELL AS COMMUNITY OUTREACH PROGRAMMES, THE LITERATURE PRIZE FOUNDATION WILL SEEK TO ENGAGE READERS AND WRITERS THROUGHOUT THE ENGLISH-SPEAKING WORLD IN CULTURAL DEBATE AND IN THE CELEBRATION, SUSTAINMENT AND FURTHERANCE OF THE ART OF LITERATURE, WHICH IT BELIEVES HAS THE CAPACITY TO ENRICH AND CHANGE PEOPLE'S LIVES.

Data Sources

Charity Commission for England and Wales
360 Giving

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