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|Reference<br>and Administrative<br>Details|Reference<br>and Administrative<br>Details||
|---|---|---|
|Trustees' Report||2to 3|
|Statement ofTrustees'|Responsibilities||
|Independent<br>Auditors'|Report|5to7|
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Statement ofCash Flows||10|
|Notes to the Financial|Statements|11to 17|





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||||MIT F|oundation<br>(UK) Li|oundation<br>(UK) Li|mited|
|---|---|---|---|---|---|---|
||||Reference|and Administrative||Details|
|Trustees|||CNorris||||
||||RRishani||||
||||G Shor (resigned on 15November|||2021)|
||||KHammer|(appointed|on 15November 2021)||
|Secretary|||EFlood||||
|Principal|Office||19Norcott|Road|||
||||Lon.don||||
||||N16 7EJ||||
|Registered|Office||19Norcott|Road|||
||||London||||
||||N16 7EJ||||
|Company|Registration|Number|09102473||||
|Charity Registration||Number|1158803||||
|Accountants|||Westlake Clark Audit||LLP||
||||Chartered|Accountants|||
||||7Lynwood|Court|||
||||Priestlands|Place|||
||||Lymington||||
||||Hampshire||||
||||SO41 9GA||||





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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|2021|
||||Note|||
|Income and Endowments||from:||||
|Donations<br>and legacies||||1,732,150|1,732,150|
|Investments||||59|59|
|Total Income and Endowments||||1,732,209|1,732,209|
|Expenditure<br>on:||||||
|Charitable<br>activities||||(1,792,479)|(1,792,479)|
|Total Expenditure||||~1,792,479|~1,792,479)|
|Net expenditure||||60,270)|60,270|
|Net movement<br>in funds||||(60,270)|(60,270)|
|Reconciliation offunds||||||
|Total f'unds brought|forward|||64,854|64,854|
|Total funds carried|forward||12|4,584|4,584|
|||||Unrestricted|Total|
|||||funds|2020|
||||Note|||
|Income and Endowments||from:||||
|Donations<br>and legacies||||546,509|546,509|
|Investment<br>income||||52|52|
|Total income||||546,561|546,561|
|Expenditure<br>on:||||||
|Charitable<br>activities|||4|~(496,160|496,150)|
|Total expenditure||||(496,150)|(496,150)|
|Net income||||50,411|50,411|
|Net movement<br>in funds||||50,411|50,411|
|Reconciliation offunds||||||
|Total funds brought|forward|||14,443|14,443|
|Total funds carried|forward||12|64,854|64,854|





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|||||Balance Sheet as at|30June 2021|||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||Note|||
|Current<br>assets||||||||
|Debtors||||||939|14,738|
|Cash at bank|and|in hand||||12,316|52,787|
|||||||13,255|67,525|
|Creditors: Amounts|||falling due within|one year|10|(8,670)|2,670|
|Net assets||||||4,585|64,855|
|Funds ofthe|charity:|||||||
|Unrestricted|income||funds|||||
|Called up share capital||||||1|1|
|Unrestricted|funds|||||4,584|64,854|
|Total unrestricted||funds|||12|4,585|64,855|
|Total funds||||||4,585|64,855|





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|State|ment ofCash Flows for the|Year Ended 30J|une 2021||
|---|---|---|---|---|
||||2021|2020|
|||Note|||
|Cash flows from operating<br>activities|||||
|Net cash (expenditure)/income|||(60,270)|50,411|
|Adjustments<br>to cash flows from non-cash items<br>Investment<br>income||3|~59)|(52)|
||||(60,329)|50,359|
|Working capital adjustments|||||
|Decrease/(increase)<br>in debtors||8|13,799|(9,712)|
|Increase/(decrease)<br>in creditors||10|6,000|(9,574)|
|Net cash flows from operating|activities||(40,530)|31,073|
|Cash flows from financing<br>activities|||||
|Investment<br>income|||59|52|
|Net (decrease)/increase<br>in cash|and cash equivalents||(40,471)|31,125|
|Cash and cash equivalents<br>at 1|July||52,787|21,662|
|Cash and cash equivalents<br>at 30June|||12,316|52,787|
||||12,316|52,787|





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||||||||Unrestricted||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||funds||||
|||||||||Total|Total||
||||||||General|2021|2020||
|Donations||and legacies;|||||||||
||Donations to||major appeals||||1,693,676|1,693,676|450,841||
||Other income||from donations|and legacies|||10,064|10,064|28,527||
||Gift aid|reclaimed|||||28,410|28,410|67,141||
||||||||1,732,150|1,732,150|546,509||
|3|Investment||income||||||||
||||||||Unrestricted||||
||||||||funds||||
|||||||||Total|Total||
||||||||General|2021|2020||
|||||||||K|||
|Other investment|||income||||59|||52|
|4|Expenditure||on charitable|activities|||||||
|||||||Activity|||||
|||||||undertaken|Grant funding|Total|Total||
|||||||directly|ofactivity|2021|2020||
|Grant payments|||made to Massachusetts||Institute||||||
|ofTechnology||||||1,785,425|7,054|1,792,479|496,150||





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|Raising funds|expenditure||||||
|---|---|---|---|---|---|---|
|Support costs|allocated to charitable|activities|||||
|||||Other support|Total|Total|
||||Finance costs|costs|2021|2020|
|Grant payments|made to Massachusetts|Institute|||||
|ofTechnology|||3,960)|11,014|7,054|4,247|



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|7<br>Auditors'<br>remuneration|||
|---|---|---|
||2021|2020|
|Other fees to auditors|||
|The auditing ofaccounts ofany associate ofthe charity|1,005|975|
|All other non-audit<br>services|1,365|2,415|
||2,370|3,390|





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|12 Funds|||||||
|---|---|---|---|---|---|---|
||||Balance at 1|Incoming|Resources|Balance at 30|
||||July 2020|resources|expended|June 2021|
|Unrestricted|funds||||||
|General|||||||
|Unrestricted|income|fund|64,854|1,732,209|(1,792,479)|4,584|
||||Balance at 1|Incoming|Resources|Balance at 30|
||||July 2019|resources|expended|June 2020|
|Unrestricted|funds||||||
|General|||||||
|Unrestricted|income|fund|14,443|546,561|~496,150)|64,854|



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|Current|assets|
|---|---|
|Current|liabilities|
|Total net assets||
|Current|assets|
|Current|liabilities|
|Total net assets||



|Unrestricted||
|---|---|
|funds|Total funds at|
|General|30June 2021|
|13,255|13,255|
|(8,670|(8,670)|
|4,585|4,585|
|Unrestricted||
|funds|Total funds at|
|General|30June 2020|
||f.|
|67,525<br>(2,670)|67,525<br>~2,670)|
|64,855|64,855|





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