DocushJn EThvthpe ID.. CCkS75CW.ISW221-81)9248D8DB7B COMPANY REGISTRATION NUMBER: 01148896 The Material World Foundation Limited Trustees Report and Financial Statements 31 December 2024 WWIWNII *AE748YAW' 1910712025 COMPANIES HOUSE
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DO¢J EnlA0 ID.. C0675Cffj4-15W2214092*608D4629B76 THE MATERIAL WORLD FOUNDATION LIMITED CHARITY INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2024 Charlty Number 2e6746 Trust••s O Harris D Harrison L An"as L Boss K Roberts Contact Address 10 Orange Street London WC2H 70Q B•nkers Coults & Co. 440 Strand London w2R OQS Independent Examiner Alison magre
DotU5HJn Erwelope ID.. co6751-159¢4221o9248D0D4629B76 The Material World Foundation Limited Financial Statements Year ended 31 December 2024 Contents Page Trustees, report Independent Examinerfs Report Company statement of financial activities Company ststement of financial position Notes lo the financial statements
Do¢n Énvew ID.. C0675W15W221.8092480804629876 The Material World Foundation LSmited Trustees, Report Year ended 31 December 2024 The fruslees present the rewrt and the financial stalemen15 of Ihe charity for the year erKled 31 December 2024. Rofer¢n¢e and AdmSnistrativ• d•tsils The Material Wodd Foundation Limited Is a private company limiled by guarantee withoul share capit81 and a regislere(J charity governed by its MeMndrn and Artic$ of Association. Charity number.. 266746. Company number". 01148896. Registered address: 10 Orange Street. Haymarkel. London. WC2H 7DQ. The trusle¢$ twstees ol the char[tae company. are also dectO for the purposes of company law. are ils trustees for the purpose of ihe charity law and throughout this report are collectively referred to as the trustees. As set out in the Articles of Assoryation the number of truslees shall be at leasl three with no maximum. Trustees are appcinted by the members al Ihe Annual General Meeting. New trustees receive training froffl an existing trustee aboul the charity. its aclivilies and Iheir responsibilities as 8 trustee. Additional training is prOded vthen the need arises. The Injslees who served the charity (Junng the riod were as follows: O Harrison D H8rris0n L Arias L Boss K Roberts Stwctura. gov•rnance and rnanogomenl The charity is admnislered by its trustees vtho rmet as required lo arrange the affairs of the Charity. Thetruslees. also delegate some management oflhe chanty to an extemal fi ofaccounlanls. Shipleys LLP and from whom trustees a sometsmes taking advice. Objectives and activitios The company's objective is the pronM)tion of exclusivety charitable projects. The trustees have complied th the duty in Seth"on 17 of the Charites Act 2011 to have due regard lo guidance published by the Charity Commiss and are satisf*d that the charty's aetivi(ies are committed to the charty's objectNes and are for the public benefrt. The charity provides grants to org8nisations and persons who. in Ihe opiniTh) of the trustees. fall within the objects of the chanty and 17 be of pU1C benefii. Details of the grants made during the year are provided in note 4 to the acccwts." Rl$k managom•nt The Trustees have examined the major 9oveming. operational and financial risks which the Foundation faces and confirm that systems have been established lo lessen these risk5. The wlen1181 risks and management of them are regulady rev¢ewed by the Trustees.
En¥el¢)pe10. CC675cl594422l-8oY28o8D4629B7s The Material World Foundation Limited Trustees, Report Year ended 31 December 2024 F•nancial Reew. achievement and p•rfomwnc• In the year under review. the company C£x7tin its charilable role through Ihe recept and distritxjtion of music royalties and other donabons_ In the yeaf under remew the company has continued to generale incorne from distributirm rights. roy8tties an¢J donatK)ns specifically in relation to the variety of projects undertaken by the entsty. During the year the totsl funds for the company increased to £963,603 from £737.217 as shown on page S of the financi81 statements. In light of the nature of the charity's major source of income, the trustees are confident that this in¢ome stream will ntinUe and allow the charity to fvlfil ts objectives and actKvtties and accordingly wll have sufficient serVeS lo ntinue these objeclives in the coming years. Re$ev•o$ policy Unrnsti7cted lunds The tnJstees have reviewed the reseryes of the company and have agreed that ihe current polity of the reseNes beirKJ for unrestricted purposes shoukl conb'nued in order that any charrtable cause. al the disffttion of the Irustees. can tnefft from the fLWKls wad8ble. Restrictad funds Any donations received. Nthereby speafic tharities or causes stated by the donee w(d benefit. are accudingty reflected in these finawal statements as restricled funds. As at 31st DecEmber 2024, no resiricted funds tre held. Statement of trustees respon$lbilities The charity trustees (who a also the directors of The Material Worfd Foundation Limited for the pur[%e5 of company law) are PonSIb for preparing a trustees. annual report and finan¢ial statements in accordance with applicab 18w and Unite(I lQngJcKn Accounting Standards (United Kingdom Generalty Accepted Accwnling Pr8Ctti). Comp8ny law requi$ the charity trustees to Prepa financial slatements ft)r each year which give a true and fair view of the state of affairs ol the charitable company and the group and of ihe incoming resources and application of resources. In¢l1n9 the orne and expendilure. of the charilable group for that period. In preparing these financial slatements. the trustees are rewired to: select Suitab a)UntIng l¢le$ and then appty them consistenuy: obserye the methods and principle5 in the Charits"es SORP.. make judgments and accounting estimates that a reasonable and prudent.. state whether appIabLe UK accounting standards have been followed. subject to any material departures disclosed and explained tn the financial statements.. prepare the financial statements on the 9(n9 concem basis unless il is inappropriate to presume that the charity will continue in business. Company law requires the directors musl not approve Ihe financ1 swemenls unless they are satisfied Ihal they give a true and fair view of the stale of affairs of the charity and of the surplus or def¢[ profil or loss of the charity for that refiod.
Dotsjsiw Enveknpe ID.. cD675Dl59I422I-Io928O8tm629B7O The Material World Foundation Limited Trustees, ReF>Ort Year ended 31 December 2024 The trustees are responsible for keeping *quate accounting records that are suffiaent to show and explain the charity's transactKJns and disdose with reaSonae accuracy at any time the financial position of the chanty and enable Ihem to ensure that the financial statements comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the tharity and hence for taking reasonable 51eps the prevention and deteCn of fraud and other irregularities. 4¥nedby.' K Roberts Trustee Date.. .7 July 2025...
DorAtsign En¥eknpe IO". CC75tW-159442214OY2UDK)4629B76 The Material World Foundation Limited Independent Examinerfs Report to the Members and Trustees of The Material World Foundation Limited Year ended 31 December 2024 I report lo the trustees on my examination of the accounts for the year ended 31 st December 2024. which comprise the Stslement ol Finan Activities. the Stslemenl of Financial Positson and the related notes. RESPONSIBIUTIES AND BASIS OF REPORT As the charty tftjstees of the charity. you are responsible for the preparation of the aCnIS in accordance with the requirements of the CharItS Act 2011{Ihe Act,). I report in respect of my examination of the trustee's accounls earrd out UreT section 145 of the 2011 Act and in cafrying out my examination I have followed all the appltcable Directions given by the Charity Commissioner under seclion 1445Kbl of the 2011 Act. INDEPENDENT EXAMINERE STATEMEKr I have wmpleted my examination. l ¢onfimi ihat no material matters have come to my attention in connection with the ex8min8lK)n 9iving me Cause lo believe th8t in any material respect.. 11) accounting records were not kept in respect of Ihe charity as required by secb'on 130 01 the Acl.. or 12) the accounts do not accord 7Mth those records.. or 13) the accounts do not compty with the apIcae reqU1ments coneeming the It *)d content of aoUnts set out in the Charib"es (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts a'true and fair vithrf t1thh 1$ not a matter considered as part of an independent examinalion. I have no concerns and have wne across rK) other matters in ¢onn8Ction with the examinatTron lo whh attention 5hcyJld be ¢Jrawn m thts report in order to enatle a proper understanding of the accounts lo be ached. 03K921$ Alrson Maguire 7 July 2025
Dowsign EnvelDpe ID". cD675W15944221WJ28DaWB76 The Material World Foundation Limited Company Statement of Financial Activities Year ended 31 December 2024 2024 Ti>tal funds 2023 Total fund5 Note Income Voluntary Inwme." Donations ActivitS for generating funds." Music royalties Ofher Income.. Bank interest reNed 740.540 260.482 57.562 83.7 1.505 Total in¢ome 799.607 346,840 Expendituro Charitable activity experKliture- Donations Govemance costs: Management and admini8tralK)n Other eXpendttU'. Fofeign exchange lossl{gain} Total expenditure 561.224 379,571 5.987 6.841 6.010 15391 385,873 573.221 Net movemenl in funds 226.386 (39.0331 RKonciliation of funds Total fun¢Js brought forward Total funds ¢rried fornT¥rd 737,217 776,250 963.603 737.217 The statement of financial adivities includes all gains aTrJ losses rerAgnised in the year. All income and expenditure derive from continuirwj actiwties. All funds recaved ¥e unrestricted.
DOcusn Enyekipe . cr%875064-1S944221-e0928D6D1629876 The Material World Foundation Limited Company Statement of Financial Posltion 31 December 2024 2024 2023 N¢rte Invèstmènts 100 100 Current aetS Debtors Cash at bank 360.016 605.837 291.562 448,023 965.853 739,585 Creditors: amounts falling du• wlthln one year Net current assets (2.350} 12.4681 963,503 737.117 Tolal assets less current liabilities ,603 737.217 Funds of the charlty Unrestricted funds 963,603 737.217 Total charity funds .603 737.217 These financi81 ststements have been kyepared in accordance wilh ts provIonS applicable lo ompanies Sublt to the small companies. regime and in acCOrdar wlh Secb'on 1A of FRS 102 The Financial Reporting Standafd appluble the UK and Republic of Ireland.. For the year ending 31 December 2024 the company was entilled to exemplion from wdit under section 477 of Ihe Companies Acl 2006 relating to small companies. Directors. responsikMlitie5'. The members have not required the wnpany to ctjtain an audit of its finanal stalements for the year in question in accordar¢ce VAth se¢b'on 476: The direc¢cYs acknovAedge Iheir responsibilitS for complying the requirements of the Actwith respect to accounting reccds and Ihe preparation of finan¢ial statement5. These financial statements Te approved by Ihe board of directors and authorised for issue on 7 July 2025 and are sMJned on behaw of the b08rd by.. K Roberts Trustee Company regiStran numiw. 01148896
DcatsvJn EThvdcy ID.. cc675Dl594422l-8og28D8D462y97G The Material World Foundation Limited Notes to the Financial Statements Year ended 31 December 2024 General inlommtion The company is 8 Wivate cthnpany limited by Sha$. Tegi5tered in England and Wales. The address of the registered off¢e is 10 Orange Street. Haarket, London, WC2H 7DQ. United Kingdom. Statem•nt of ¢omplian¢e These financial statements have ten prepared in accordance with the Stslemenl of Recommended Practice". Accryjnling and Reporting by Charilies pparing their 8c¢ounls tn 8ccord3nce with the Financial Reporting Standard applicable to the UK and Republic of Ireland IFRS 1021- Charity SORP issued in Juty 2014 (effective on 1 January 2019. as revised) and th8 Financial RepOrtIr Stsndard applicable in the UK and Republic ol Ireland IFRS1021 and the Companies Act 2006. Accounting policles Basis of preparation The fin8n¢ial statements have been prepared on the histri¢al wsl basis, as modified by the revaluation of certain finanoal assets and liabilities measured at fair value through profit or loss. The charity meets the definition of a publK benefrt entty under FRS102. The lunctional currency of the charity considered to be pounds SlerfirrfJ bec8use that 15 the CurncY of the primary econom environment in whh the tharity operates. The accounts are also presented in pounds sterling. The arN)unts are presented lo the nearest £, Un$S otherwise slated. There a no signtfKant weas requmrMJ material judgements. esknmates or assumptions. Going conrn The Injstees consider thalthere are no material uncertainties about the chaTrty'$ abilty lo continue as a going concem. In light ol the nature of the Charity's major source of income. the trustees are confident that this Ir)me stream V•ryll ctinUe ano 8low Ihe charity to fu11 its objecti.ves and 8clivilies. Diselosure ¢x•mption$ The par1 company satisfies Ihe ¢yiteria of bwr¥J a qUalTh entity as defined in FRS 102. As such. atfvantage has been taken of Ihe follovling reduced disctoswes available under FRS 102.. {al Disdosvres in respect of each class of share caFMlal have not been Sented. {bl No cash flow statement has been presented for Ihe company. {cl Disdosures in respect of finarrial instruments have rt been wesented. Con$olTrdatlon The company has taken 8dv8ntage of the option rbot lo prepare cMsolidaled financial ststemenls containe(l in Section 398 of the Compants Act 2006 the basis Ih8t the rnpany and its subsidiary undertakings comprise a small group.
DOn En¥elope10.' CD675CW15944221.8092UD804629876 The Material World Foundation Limited Notes to the Flnancial Statements Year ended 31 December 2024 Incom• Re50ur¢es All InCe resources are in¢lut1e11 in the SOFA vthen the Charity is legalty ents'tle(I to the Irome and the amounl can be quantified wth reasonable certainty. Donations Income from donabons is indu(led in inc(Yning r¢sources these a receivab. When donors impose cOnditS which have to be fuffilled before the Charity becomes entitled to use such income, the income is deferred and not induded in incoming $OUrceS until the pre- ¢on¢Jilton5 lor use have been mel. usic ROyaltS Music royalb.es are 0)Unted for en the irustees are notifth of the enlitlemenl lo the income. Rosourc•$ •xpond•d Resources expended a inclLthd in the SOFA when the Charity is legally entiued to the income and the amount can be quantTfied reasonab eertainty. • Expenditure incurred directty in the fvlfilnnt of the Charity's obiectives (direct charitable). Expenditure incurred in the management and administrab.on of the charity. Subsidiary Und•rtakiThg$ All subsidiary UrertakIn9S haNE been included at cost. Foraign currncl•s Foreign currency transactions we InallY recorded in the functional ffenCy, by applying the spot exchange rate as al the date of the transactior¢. Monelary assets and liabilib.es denominated in foreign currencies are translated at Ihe exchange rate ruling at the reporting date, wth any gains or losses being 18ken lo the Pfofit and105S account. Financial instruments A financial asset or a fincial liability is recognised onty when the company b&comes a paty to the contractual provisions of the inslnjment. Bas financial instruments we initially recognised at the transactron price, unless the arrangement constitutes a financing transaction. Trre it is re¢ognised at the present value of the frJlure payments discounted at a rnket rale of intere51 for a similar debt instrument. Financial assets that are measured at st or amortised cosl are reviewed for objective ewden¢¢ of irnpairment at the end of each rer*xtin9 date. If there is obiects.ve evidence of impairment, an impairment Ioss ts t)gnISed in profft or loss IMmethate. For 811 equity instrumw)ts regardless 0fgnifiCanCe. and otherfinancial assets that are individually 5ignifi¢anl. these are assesse(J individually for impairment. Olher finan(>al assets are either assesseij indimdualty or groupe¢J on the basis of simi18r credit risk characlerislics. Any rever$81s of impairment 8re recognised in profit loss immedialety. lo the exlenl ihal the reversal does not result in a c4ryng amount of the financ¢al asset that exceeds what the carrying amouni would have been had the impaKmenl not tyeviously been recognised.
Douts¥Jn En%*k)pÈ ID.. 751594422l-l0lBD8D6?gB?s The Material World Foundation Limited Notes to the Financlal Statements Year ended 31 December 2024 Charitable Donalions 2024 2023 Alice's Arc Birth Compansons 8reasl Cancer Research FourKlation Bring on the Music CCIW Bereavement SeM¢e CRISIS EB Research Partnership God's Love We Delivef Illuminated River Foundation Inlemational Rescue Committee UK Julien Entertainment Looking Out Foundalion Lotus Outreach M8cmi118n Cancer Support Medecins Sans FrMIEres Me(Sical Aid for Palestinians Mission Ukraine One Drop Foundation Prism The Gift Fund Royal HortVIlra1 Society Shetter The Ftlm FLwndation The Achievable FjndaIi0n The Joshua Tree London The salvats.on Army The Trussell Trust UCLA Foundation Vets Aid Victorra & Albert Museum W J Clyde War Child 10.WQ 11.100 10.000 21.677 32.258 25,000 10,000 28.161 8,000 550 10.000 25,IxIO 1,230 16,129 40,000 1.000 10,000 50,000 1,000 8,197 35,000 39,683 lo,0 137.795 10,000 4,000 25,250 25,000 10.000 192.308 38.461 10.3¢)0 8,196 2,500 17,000 ).000 561.224 379,571 Investments 2024 2023 Investments Wi wp undertakirfjs 100 100 The investment preSentS 100YD ownership of the ordinary share captt81 of Oops Publishing Limited. 8 music publishing undertaking incorporated in England arKJ Wale5. Its accounts lor the year ended 31st December 2024, showed 8 profrt after tsx of £nil and aggregate capital and reserves balance of £152.
Oocu$4n Envel)Fe ID.. CD675064-15W221-8W24BD8D4629B76 The Material World Foundation Limited Notes to the Financial Statements Year ended 31 December 2024 Deblors 2024 2023 Tr8de debtois Othef debtors Amounl due from grwp undertaknngs 17.542 31.027 450 260.085 342.474 360.016 291.562 Cr•ditors: amounts falling due within on• year 2024 2023 Accruals 2,350 2,468 Related Party Transactions O. Harrison, a trustee of the charrty. is also a director of Harrisongs Limited. The company ceiVed income from Harrisongs Limrted dijring the year of £9,85812023.' £nil}. Al the year end the group was owed £nil12023.' £nill by Harrisongs Liniled. During the year and prior year. no trustees feceived any remuneration or other benefits. Governanc• Costs Included in govemance c0515 a followng expertse items.. 2024 2023 Independent exaninerfs Temuneral*Jn 1.500 1.500 10