Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
COMPANY REGISTRATION NUMBER.. 01148896
The Material World Foundation Limited
Trustees Report and Financial Statements
31 December 2023

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
THE MATERIAL WORLD FOUNDATION LIMITED
CHARITY INFORMATION
FOR ThE YEAR ENDED 31ST DECEMBER 2023
Charity Number
266746
TTU8tegs
O Harrison
D Harrison
L Arias
L Boss
K Roberts
Contact Address
10 Orange Street
London
WC2H 7DQ
Bankers
Coutts & Co.
440 Strand
London
WC2R OQS
Independent Examiner
Alison Maguire

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
The Material World Foundation Limited
Flnancial Statsments
Year ended 31 December 2023
Contents
Page
Trustees, report
Independent Examiner's Report
Company statement of financial activities
Company statement of financial position
Notes to the financial statements

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
The Material World Foundation Limited
Trustees, Report
Year ended 31 December 2023
The trustees present their report and the financial statements of the charity for the year ended
31 December 2023.
Reference and AdministratNe details
The Material World Foundats'on Limited is a private company limited by guarantee without share capital
and a registered charity governed by its Memor8ndum and Articles of Association. Charity number..
266746. Company number., 01148896. Registered address.. 10 Orange Street. Haymarket, London.
WC2H 7DQ.
The trustees
The Iruslees of the ch8ri18ble company, who are also directors for the purposes of company law, are its
trustees for the purpose of the charity law and throughout this report are colteclively referred to as Ihg
trustees. As sel out in the Articles of Association the number of Iruslees shall be at least three with no
maxirnum. Twstees are appointed by the members at the Annual General Meeting.
New trustees receive training from an existing Iruslee abjul the charity, ils activities and their
responsibilities as a trustee. Additional training is provided when the need arises. The Iruslees who
seNed the charity during the period were as follows,.
C Harrison
D Harrison
L Arias
L Boss
K Roberts
Structure> governance and management
The charity is administered by ils Iruslees who meet as required lo arrange the affairs of the charity.
The trustees, also delegate some management ofthe charity to an external firm of accountants, Shipleys
LLP and from whom Iruslees are sometimes tsking advice.
Objectives and activiti¢$
The company's objective is the promotion of exclusively charitable projects.
The trustees have complied with the duty in Section 17 of the Chariles Act 2011 to have due regard lo
guidance published by the Charity Commission and are satisfied that the charity's activities are
committed to the charity's objectives and gre for the public benefit.
The charity provides grants to organisalions and persons who, in the opinion of the trustees, fall within
the objects of the charity and will be of public benefit. Details of the grant5 made during the year are
provided in note 4 to the accounts.
Rlsk management
The Trustees have examined the major goveming, operational and financial risks which Ihg Fgundation
faces and confi'rm that systems have been established to lessen these risks. The potential risks and
rnanagement ol them are regularly reviewed by the Trustees.

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
The Material World Foundation Limited
Trustees, Report
Year ended 31 December 2023
Flnanclal Review, achlevement and perfomiance
In the year under review, Ihe Company continued ils charitable role through the receipt and distribution
of music royalties and other donations. In the year under review the company has continued lo generate
income from distribution rights, royalties and donations specifically in relation lo the variety of projeels
undertaken by the entity. During the year the total funds for the group decreased lo £737,217 from
£776.250 as shown on page 5 of the financial statements.
In light of the nature of the charity's major sourTr of income, the trustees are confident that this income
stream will conb'nue and allow the charity lo fulfil ils objective5 and a¢ts'vitses and accordingly will have
sufficient reserves lo continue these objeelives in Ihe coming years.
Reserves poIIcy
Unrestrictsd lunds
The Iruslees have reviewed the reserves of the company and have agreed that the Current policy of the
reserves being for unrestricted purposes should be Continued in order that any chantable cause, al the
disereb.on of the trustees. can benefit from the funds avail8ble.
Restricted funds
Any donations received, whereby specific charities or causes staled by the donee would benefit, are
accordingly reflected these financial slalements as restricted funds. As at 31st December 2023. no
restricted funds were held.
ststoment of trustees re8ponsibilltles
The charity truslees (who aTe also the directors of The Material W0￿d Foundation Limited for the
purposes of company lawl are responsible for preparing a trustees, annual report and financial
statements in accordancè with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
Company law requires the Charity trustees to prepare financial statements for each year which give
true and fair view of the stsle of affairs of the charitab* company and the group and of the incoming
resources and application of resources, including the income and expendiluie, of the charitable group
for that period.
In preparing these financial slatemenls. the trustees are required to..
select suitable accounting policies and then apply them consistently.,
obseNe the methods and principles in the Chaiities SORP,.
make judgments and accounting eslimales that are reasonable and prudent.,
state whether applicable UK accounting stsndards have been followed, subject lo any material
departures disclosed and explained in the financial slatemenls",
prepare the financial ststemenls on the going concem basis unless il is inappTopiiale to presume
that the charity will continue in business.
Company law requires the direelors must not approve the financial statements unless they are satisfied
that they give a true and fair view of the slate of affairs of the charity and of the surplus or deficit profit
or loss of the charity lor that period.

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
The Material World Foundation Limited
Trustees, Report
Year ended 31 December 2023
The Iruslees are responsible for keeping adequate accounting records thal ere sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy al any time the financial
position of the charty and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the chanty and hence
for taking reasonable steps for the prevenlK)n and detection of fraud and other irregularities.
K Roberts
Trustee
Date.. 16.09.2024

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
The Material World Foundation Limited
Independent Examiner's Report to the Members and Trustees of The Material
World Foundation Limited
Year endèd 31 December 2023
I report to the Iruslees on my examination of the acctsunts for the year ended 31 st De￿mber 2023,
which comprise the Statement of Financial Activities, the Statement of Financial Position and the related
notes.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity trustees of the charity, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities A¢1 20111'the Act'l.
I report in respect of my examination of the trustee's accounts carried out under sedion 145 of the 2011
Act and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commissioner under section 14515llbl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. l ¢onfirm that no material matters have come to my attention in
onnection with the examination giving me cause lo believe that in any material respect..
11} accounting records were not kept in respect of the charity as required by section 130 of the Act,. or
12) the accounts do not accord with those records., or
131 the accounts do not comply with the applicable iequirements concerning the fom and conlenl of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
reqU1￿ment that the accounts give a 'lrue and fair view. which is not a matter ¢onsid&red a5 part
of an independent examination.
I have no concerns and have come across no other matter5 in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be
reached.
Alison Maguire
16 september 2024
Date-

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
The Material World Foundatlon Limited
Company Statement of Financial Activities
Year ended 31 December 2023
2023
2022
Total funds Total fvnds
Note
Income
Volun18ry Income..
Donations
Activities for gener8ting funds..
Music royaltses
Other Income..
Bank interest re￿iVed
260,482
279,153
83,790
38.950
2,568
346,840
Total income
318,752
Expenditure
Charitable a¢livily expenditure:
Donations
Governance ¢osts'.
Management and administration
Other expenditure.
Foreign exchange gain
Total exp¢ndlture
379.571
471,591
6,841
6,214
1539)
385.873
15.9191
471,886
Net movement In funds
139,033) 1153.1341
Reconclllatlon of fund$
Total funds brought forward
Total funds carrled forward
776,250
929.384
737,217
776.250
The statement of financial actwilies includes all gains and losses re¢ognised in the year.
All income and expenditu￿ derive from continuing activities.
All funds re￿iVed are unrestricted.

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
The Material World Foundation Limited
Company Statement of Financial Position
31 December 2023
2023
2022
Note
Investments
100
100
Current assets
Debtors
Cash at bank
291,562
448,023
305,350
486,141
739,585
791,491
Credltors: amounts falling duo
wlthln one year
Net current assets
12,4681
115,3411
737,117
737,217
776.150
Total assets loss current Ilabilities
776.250
Funds of the charlty
Unrestncted fvnds
737,217
737,217
776,250
Totsl charity funds
776,250
These financial statements have been prepared in accordance with the provisions applicable to
companies subject lo the small companies, regime and in accordance with Section 1A of FRS 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland,.
For the year ending 31 Oe¢ember 2023 the company was entitled lo exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Oireclors, re5ponsibililies..
The mgmbers have not required the company lo oblaln an audit of its finanoTal statements for the
year in question in accordance with section 476..
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of financial statements.
These financlal statements were approved by the board of directors and aulhorised for issue on 16
September 2024 and are signed on behalf of the board by..
K Roberts
Trustee
Company regislratson number. 01148896

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
The Material World Foundation Limited
Notes to the Financial Statements
Year ended 31 December 2023
General infomiation
The company is a private company limited by shares, registered in England and Wales. The
address of the registered office is 10 Orange Street, Haymarkel, London, WC2H 7DQ, Unite
Kingdom.
statement of compliance
These financial statement5 have been prepared in accordance with the Statement of
Recommended Practice. Ac¢ounling and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable to the UK and Republic of Irelan
IFRS 1021- Charity SORP issued in July 2014 leffeclive on 1 January 2019, as revised) and the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102} and the
Companies Act 2006.
Accounting pollcles
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revalualion of certain financial assets 8nd1iabilities measured al fair value through profit or loss.
The charity meets the definition of a public benefit entty under FRS102.
The functional currency of the charity is considered to be pounds sterling beGause that is the
currency of the prtmary economic environment in which the charity operates. The accounts are
also presented In pounds sterling. The amounts are presented to the nearest £, unless otherwise
staled.
There are no significant areas requiring material judgements, eslimales or assumptions.
Going Concem
The trustees consKJer that there are no material uncertainties about the Charity's ability lo continue
as a going concem. In light of the nature ol the charity's major source of income, the Iruslees are
confident that this inwme stream will continue and allow the chaiity to fulfil ils objectives and
activities.
D15closure exemptlons
The parent company $alisfies the criteria of being a qualifying entity as defined in FRS 102. As
such, advantage has been taken of the following reduced disclosures available under FRS 102."
lal Disd05ures in respect of each class of share capital h8ve not been presented.
Ibl No cash flow statement has been presented for the company.
Icl Disclosures in respect of finan¢ial instruments have not been presented.
Consolidatlon
The company has taken advantage of the option not to prepare consolidated financial statements
contained in Section 398 of the Companies Act 2006 on the basis that the company and ils
subsidiary undertakings comprise a small group.

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
The Material World Foundation Limited
Notes to the Financial Statements
Year ended 31 December 2023
Income Resourees
All income resources are included in the SOFA when the Charity is legally entitled to the income
and the amount can be quantified with Teasonable Certainty.
Donat￿nS
Income from donab'ons is included in Incoming resources when these are receivable.
When donors impose conditions which have to be fulfilled before the Charity becomes entitled to
use such income, the income is deferred and not included in incoming resource5 until the pre-
conditions for use have been met.
MUS￿ Royalties
Music royalties are accDuntetJ for when the Iruslees are notified of the enlillement to the incom8.
Resources expended
Resources expended are included in the SOFA when the Charity is legally enlilled to the income
and the amount Can be quantified with reasonable certainty.
Expenditure incurred direcdy in the fulfilmenl of the Charity's objectives (direct charitsblel.
Expenditure incurred in the management and adminislralion of the charity.
Subsldlary Undortakings
All subsidiary undertakings have been included al cost.
Foreign currgncies
Foreign currency transactions are initially recorded in the functional currency, by apptying the spot
exchange late as al the dale ol the transaction. Monetary assets and liabilities denominated in
foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains
or losses being taken lo the profit and loss account.
Financial instruments
A financial asset or a financial li¥bility is recognised only when the company become5 a party lo
the conlraclual provisions of the inslrumenl.
Basic financial instruments are initially recognised atthe transaction price, unless the arrangement
constilules a financing transaction, where il Is recognised al the present value of the future
payments discounted at a market rate of interest for a similar debt inslrumenl.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment al the end of each reporb'ng date. If there is objectsve evidence of impaimienl, an
impairmenl loss is recognised in profit or loss immediately.
For all equity instruments regardless of signifi¢an¢e. and other financial assets that are individually
significant, these are assessed individually for impairment. Other financial assets are either
assessed individually or grouped on the basi5 of similar credit risk characteristics.
Any reversals of impairment are recognised in profil or loss immediately, to the exlenl that the
reversal does not result in a ¢arrying amount of the financial asset that exceeds what the Garrying
anv)unt would have been had the impairment not previously been recognised.

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
The Material World Foundation Limited
Notes to the Financial Statements
Year ended 31 December 2023
Charitable Donatlons
2023
2022
Alice 5 Arc
Birth Companions
Bring on the Music
CCIW Bereavement Service
CRISIS
EB Research Partnership
Friends of Ballet Without Borders
Global Canopy
God's Love We Deliver
Illuminated River Foundation
Julien Entertainment
Looking Out Foundation
Lotus Outreach
Macmillan Cancer Support
Medecins Sans Frontieres
Medical Aid for Paleslinians
Mission Ukraine
Nordoff Robbins Music Therapy
One Drr)p Foundation
Prisrn The Gift Fund
Race Against Dementia
Shelter
Soulsville Foundation
St Martin-in-the Fields Trust
The Film Foundation
The Achievable Foundation
The Joshua Tree London
The Salvation Army
The Trussell Trust
Vets Aid
J Clyde
War Child
11,100
1D,000
32,258
25,000
10,000
28,161
25,000
10,000
10,000
7,576
8,000
550
1,230
16,129
40,000
1,000
10,000
50,000
1,000
8,182
94,434
2,ClJO
8,197
35.000
25,OCM)
25,000
41,322
75,000
115,385
7,692
10,000
4,000
25,250
25,000
25.000
8,196
2,500
17,000
379,571
471.591
Inveslmenls
2023
2022
Investments in group undertakings
100
100
The investment represents 100,10 ownership of the ordinary share Capital of Oops Publishing Limited,
a music publishing undertaking incorporated In England and Wales. Ils accounts for the year ended
31 st December 2023, showed a profil after lax of £ni1 and aggregate capital and reserves balance of
£152.

Docusign EnvelopÈ ID". 09F61950-7A81435D-B65849B7F01F5915
The Material World Foundation Limited
Notes to the Financial Statements
Year ended 31 December 2023
Debtors
2023
2022
Trade debtors
other debtors
Amount due from group undertakings
31.027
450
260.085
17,749
7,914
279,687
291.562
305,350
Creditors: arnounts falling due withln one year
2023
2022
Trade creditors
Accruals
12,113
3,228
2,468
2.468
15,341
Related Party Transactions
O. Harrison, a trustee of the charity, is also a director of Harrisongs Limited. The company received
royally income from Harrisongs Limited during the year of £nil {2022.. £3,506), Al the year end the group
was owed £nil12022." £3,506) by Harrisongs Limited.
During the year and prior year, no trustees received any remuneration or other benefits.
Governance Costs
Included in governance costs are the
followin9 expense items..
2023
2022
Independent examinerfs remuneration
1,500
2.250
10