Company registration number 12266287 (England and Wales)
MAKE MY MONEY MATTER LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MAKE MY MONEY MATTER LIMITED
CONTENTS
Page
Director's report
1 - 3
Income and expenditure account
4
Balance sheet
5
Notes to the financial statements
6 - 8
MAKE MY MONEY MATTER LIMITED
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 31 MARCH 2025
- 1 -

The director presents his annual report and financial statements for the period ended 31 March 2025.

PRINCIPAL ACTIVITY

About Make My Money Matter

Make My Money Matter is a people-powered campaign fighting for a world where we all know where our money goes, and where we can demand it's invested to build a better future.

 

Starting with pensions, then high-street banks, we're going to make sure people find out where their money's going, and we're going to help them to demand it does better. We're going to connect this movement with decision makers in the public and private sector. And together, we'll demand that the financial system transforms to put people and planet on a par with profit.

 

Doing this, we'll help move trillions of pounds - away from the destructive, harmful investments of the past, and into those which help build a sustainable, resilient future we can all be proud of.

 

Company Objectives

The Company's objectives are to:

1. promote the ethical and sustainable investment of personal finances - starting with pensions, then high-street banks - for the public benefit.

2. advance the education of the public as to how their personal finances - starting with pensions and then banks - are currently being invested, their impact and the principles and effects of ethical and sustainable investment; and

3. undertake and promote research relating to ethical and sustainable investment by experts in the field and likeminded people, and to make the results publicly available where useful.

 

Main activities

We have a three-pronged approach to our work:

1. Public campaigning: where we aim to engage the public and drive action, to put pressure on industry, employers, government, and regulators to make our pensions and high-street banks align with net zero and tackle the climate and nature crisis, rather than drive it.

2. Partnerships with businesses and other employers: to ensure their staff pension and corporate bank is aligned to net zero, to improve their approach to sustainability and to put pressure on the finance industry to act and build momentum.

3. Policy and Advocacy work: we engage with industry, government, regulators and others - to influence the policy and regulatory environment in the UK and beyond to tackle the climate and nature crisis, rather than drive it.

MAKE MY MONEY MATTER LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -

 

REVIEW OF BUSINESS

As a not-for-profit organisation reliant on philanthropic funding, the period covered by the report was extremely difficult with regards to fundraising. It became clear that we could not raise enough finance to run a viable campaign, and the Board agreed to close the campaign. We planned for close at the end of March, and to retain enough finance to continue the company, support the MMMM website and any small follow-on tasks and needs. At the period end date, there were no employees in the company and Anthony Burdon is the sole director.

 

Achievements and performance.

We have continued our pensions campaign, focusing on investment in fossil fuel expansion, in deforestation and more positively in climate solutions, including publishing a simple pension ranking table for Defined Contribution workplace pension providers, holding them to account for delivery of net zero.

 

The yearly ranking in our Climate Action Reports – 2023, 2024 and 2025 have driven a race to the top amongst schemes with new policies announced and implemented. We collaborated with Finance Innovation Lab and ShareAction to produce a report on pensions reform to feed into the UK elections in 2024 and into the new government. As part of closing the MMMM campaign, we supported Finance Innovation Lab and a wider coalition to develop a “Better Pensions Campaign” which continues.

 

On banking we continued our campaigning on Barclays – the worst financier of fossil fuel expansion in Europe and on the other 4 major high-street banks, urging action to stop financing fossil fuel expansion. We supported Cambridge University and over 20 major universities to look for alternative fossil free banking services and collaborated with other NGOs on their switching of bank accounts..

 

We launched videos on deforestation and pensions, one with Rewriting Earth, Global Canopy and Global Witness, and one with Benedict Cumberbatch, and a banking video with Ambika Mod – all of these had large scale reach across the public to raise awareness of the impact of our money in pensions and banks.

 

We also updated guides for businesses on pensions and on banking to assist with exploring greener alternatives. We released a video summarising the MMMM campaign achievements, and a report on lessons learnt around our campaigns.

Director

The director who held office during the period and up to the date of signature of the financial statements was as follows:

C E Love
(Resigned 7 March 2025)
J C Corlett
(Resigned 7 March 2025)
A P Burdon
D D P Hayman
(Resigned 7 March 2025)
M Ayodele
(Resigned 7 March 2025)
R W A Curtis
(Resigned 12 January 2024)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

MAKE MY MONEY MATTER LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 3 -
On behalf of the board
A P Burdon
Director
16 July 2025
MAKE MY MONEY MATTER LIMITED
INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 MARCH 2025
- 4 -
Period
Year
ended
ended
31 March
31 October
2025
2023
£
£
Income
791,624
856,092
Cost of sales
(221,878)
(164,408)
Gross surplus
569,746
691,684
Administrative expenses
(569,906)
(691,881)
Operating deficit
(160)
(197)
Interest receivable and similar income
160
197
Surplus before taxation
-
0
-
0
Tax on surplus
-
0
-
0
Surplus for the financial period
-
0
-
0

The income and expenditure account has been prepared on the basis that all operations are continuing operations.

MAKE MY MONEY MATTER LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 5 -
31 March 2025
31 October 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
4,033
Current assets
Cash at bank and in hand
13,146
152,826
Creditors: amounts falling due within one year
4
(8,284)
(15,324)
Net current assets
4,862
137,502
Total assets less current liabilities
4,862
141,535
Deferred income
(4,862)
(141,535)
Net assets
-
0
-
0
Reserves
5
-
-

For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 16 July 2025 and are signed on its behalf by:
A P Burdon
Director
Company registration number 12266287 (England and Wales)
MAKE MY MONEY MATTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 6 -
1
Accounting policies
Company information

Make My Money Matter Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Biscuit Building, 10 Redchurch Street, London, United Kingdom, E2 7DD.

1.1
Reporting period

The annual financial statements are presented for a period longer than one year (seventeen months), as the company ceased its campaign at the end of March 2025. Therefore, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

During the year, the company directors reviewed the cash flow forecasts for a period of 12 months and made the difficult decision to cease the campaign due to a reduction in funding received. The campaign ceased on 31 March 2025 and therefore the financial statements have been prepared on a basis other than going concern. The company will remain on the register and will continue to support the MMMM website only.

1.4
Income

Income is recognised when the company has entitlement to the funds, any performance related conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

 

Income that has been received in advance of a project starting, will be deferred until the project commencement date and released in line with project completion.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
- 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

MAKE MY MONEY MATTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MAKE MY MONEY MATTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 8 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2023
Number
Number
Total
5
9
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023
12,229
Disposals
(12,229)
At 31 March 2025
-
0
Depreciation and impairment
At 1 November 2023
8,196
Depreciation charged in the period
2,888
Eliminated in respect of disposals
(11,084)
At 31 March 2025
-
0
Carrying amount
At 31 March 2025
-
0
At 31 October 2023
4,033
4
Creditors: amounts falling due within one year
2025
2023
£
£
Trade creditors
1,085
7,782
Other creditors
7,199
7,542
8,284
15,324
5
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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