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|||||||||||Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted||2022|
||||||||Note||||
|Income and Endowments|from:||||||||||
|Donations<br>and legacies|||||||||1,338,421|1,338,421|
|Investments|||||||||70|70|
|TotalIncome<br>and Endowments|||||||||1,338,491|1,338,491|
|Expenditure<br>on:<br>Charitable<br>activities|||||||~||(1,340,196)|~),340,)96|
|Total Expenditure<br>Net expenditure||||||||~1,340,196 <br>~)705||~1,340,)96<br> ~)705|
|Net movement<br>in funds|||||||||(1,705)|(1,705)|
|Recondlhtton<br>offunds|||||||||||
|Total funds bmught<br>forward|||||||||4,584|4,584|
|Total funds carried forward|||||||12|0|2,879<br>'a|2,879<br>330|
||||||||||funds|2021|
||||||||Note||f|f|
|Income and Endowments|from:||||||||||
|Donations and legacies|||||||2||1,732,150|1,732,150|
|Investment<br>income|||||||3||59|59|
|Total income|||||||||1,732,209|1,732,209|
|Expenditure<br>on:|||||||||||
|Charitable<br>activities|||||||4||(1,792,479)|(1,792,479)|
|Total expenditme|||||||||(1,792,479)|(1,792,479)|
|Net expenditure||||||||~60,270||(60,270)|
|Net movement<br>in funds|||||||||(60,270)|(60,270)|
|Recoacillstion offunds|||||||||||
|Total funds bmught<br>forward|||||||||64,854|64,854|
|Total funds carried forward|||||||12||4,584|4,584|
|The Statement ofFinancial|Activities||also complies|with|the requirements|ofan income|||snd expenditure|account under|
|the Companies<br>Act 2006.|||||||||||
|All amounts<br>relate to continuing||activities ofthe charitable|||company.||||||
|The Statement ofFinancial|Activities||includes all gains and losses recognised||||in the|year.|||





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|||Balance S|heet|as at30Jun|e 2022||||
|---|---|---|---|---|---|---|---|---|
|||||||2022|2021||
||||||Note|8|8||
|Current assets|||||||||
|Debtors||||||63||939|
|Cash at bank and in hand||||||6,135|12316||
|Creditors: Amounts|faluag dne wuhin one year||||tll|6,198<br>13455<br> ~3.318 ~8,670|||
|Net assets||||||2,88O||o85|
|Funds ofthe charity:|||||||||
|Uarestricted<br>income|funds||||||||
|Called up share capital||||||1||1|
|Unrestricted||||||2,879||4,584|
|Total unrestricted<br>funds|||||12|2,8&0||4,585|
|Total fuads||||||2,880||4,585|
|These accounts<br>have|been prepared|in accordance|with|the provisions|applicable|to companies<br>subject to the||small|
|companies<br>regime.|||||||||






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||S|tatem|ent ofCash Flows for th|e Year Ended 30J|une 2022||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|8||
|Cash flows from operating<br>activities|||||||
|Net cash expendiuuu|||||(1,705)|(60,270)|
|Adjushnents<br>to cash flows from non-cash items|||||||
|Investment<br>income|||||(70)|(59)|
||||||(1,775)|(60,329)|
|Worhlng capital adjustments|||||||
|Decrease in debtors||||8|876|13,799|
|(Decrease)/increase|in creditors|||10|(5,352)|6,000|
|Net cash flows fmm|operating||activities||(6,251)|(40,530)|
|Cash flows from flaancing activiues|||||||
|Investment<br>income|||||70|59|
|Net decrease in cash|and|cash equivalents|||(6,181)|(40,471)|
|Cash and cash equivalents||at I|July||12,316|52,787|
|Cash snd cash equivalents||at30June|||6135|123I6|
||||||6,135|12,316|





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|||Activity||||
|---|---|---|---|---|---|
|||undertaken|Grant funding|||
|||directly<br>f|ofactivity<br>f|2022|2021f|
|Grant payments|made to Massachusetts|||||
|Institute ofTecbaology||7,336,870|3327|7 360697|1,792,479|



|Raising funds|expenditure||||||
|---|---|---|---|---|---|---|
|Support costs|allocated to charitable|activities|||||
|||||Other support|Total|Total|
||||piaance costs|costs<br>f.|2022|2021<br>f|
|Grant payments<br>made to Massachusens<br>Institute ofTechnology|||~6,768|70,093|3.327|7,054|



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|7<br>Auditors'<br>remuneration|||
|---|---|---|
||2022f|2021|
|Other fees to auditors|||
|Audit ofthe Gnancial statements|1,086|1,005|
|All other non-sudit<br>services|1,336|1,365|
||2,422|2,370|





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|12 Funds|||||||||
|---|---|---|---|---|---|---|---|---|
||||Balance|at 1|Incoming|Resources|Balance|at30|
||||July 2021||resources|expended|Jooe2022||
||||||0|0|||
|Uarestricted|funds||||||||
|General||||4504|1338491|~(340J96||2,879|
|Unrestricted|funds||||||||
||||Balance|at 1|Incoming|Resources|Balance|at30|
||||July 2020<br>0||resources<br>8|expended|June 2021<br>f||
|Unrestricted|1'unde||||||||
|General|||||||||
|Unrestricted|income fund||64 854||1,732209|~((,705,479||4,584|
|13 Analysts ofnet assets between||funds|||||||
|||||||Unrestricted|||
|||||||funds|Total funds at||
|||||||General|30June|2022|
|||||||f|||
|Current assets<br>Current liabilities||||||6,198<br>~3310|6,198<br>~3.3(8||
|Total net assets||||||2,880||2,880|
|||||||Unrestricted|||
|||||||funds|Total funds at||
|||||||General|30Juae|2021|
|||||||0|8||
|Cunont assets<br>Current liabilities||||||13,255<br>(8.67(I&|13,255<br>~8.670||
|Total net assets||||||4.585||4.585|





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