CCEW Charity Commission profile

MIT FOUNDATION (UK) LIMITED

Registered charity 1158803 · organisation 5051100

01 Identity

Registration and reporting

Registration status
Registered
Reporting status
Submission Received
Charity type
Charitable company
Registered
7 October 2014
Removed
Not supplied
Company number supplied
09102473
Financial period
1 July 2024 – 30 June 2025
Latest income
£7,295,395
Latest expenditure
£7,300,051
Gift Aid
Yes
Owns or uses land
No
In administration
No
Insolvent
No
CIO
No

Public contact address: 19 NORCOTT ROAD, LONDON, N16 7EJ

02 Activities

What the charity does

The advancement of learning and education in particular at Massachusetts Institute of Technology; and such other exclusively charitable purposes as the Trustees may in their absolute discretion determine.

03 Official extract

Charity Annual Return History

Fin Period Start Date
1 July 2024
Fin Period End Date
30 June 2025
Ar Cycle Reference
AR25
Reporting Due Date
30 April 2026
Date Annual Return Received
4 March 2026
Date Accounts Received
4 March 2026
Total Gross Income
£7,295,395
Total Gross Expenditure
£7,300,051
Fin Period Start Date
1 July 2023
Fin Period End Date
30 June 2024
Ar Cycle Reference
AR24
Reporting Due Date
30 April 2025
Date Annual Return Received
14 April 2025
Date Accounts Received
14 April 2025
Total Gross Income
£405,515
Total Gross Expenditure
£397,555
Fin Period Start Date
1 July 2022
Fin Period End Date
30 June 2023
Ar Cycle Reference
AR23
Reporting Due Date
30 April 2024
Date Annual Return Received
19 March 2024
Date Accounts Received
19 March 2024
Total Gross Income
£5,434,459
Total Gross Expenditure
£5,431,278
Fin Period Start Date
1 July 2021
Fin Period End Date
30 June 2022
Ar Cycle Reference
AR22
Reporting Due Date
30 April 2023
Date Annual Return Received
6 March 2023
Date Accounts Received
6 March 2023
Total Gross Income
£1,338,491
Total Gross Expenditure
£1,340,196
Fin Period Start Date
1 July 2020
Fin Period End Date
30 June 2021
Ar Cycle Reference
AR21
Reporting Due Date
30 April 2022
Date Annual Return Received
8 April 2022
Date Accounts Received
8 April 2022
Total Gross Income
£1,732,209
Total Gross Expenditure
£1,792,479

04 Official extract

Charity Annual Return Parta

Latest Fin Period Submitted Ind
Yes
Fin Period Order Number
1
Ar Cycle Reference
AR25
Fin Period Start Date
1 July 2024
Fin Period End Date
30 June 2025
Ar Due Date
30 April 2026
Ar Received Date
4 March 2026
Total Gross Income
£7,295,395
Total Gross Expenditure
£7,300,051
Grant Making Is Main Activity
Yes
Count Govt Contracts
0
Count Govt Grants
£0
Charity Has Trading Subsidiary
No
Does Trustee Receive Any Benefit
No
Trustee Payments Acting As Trustee
No
Trustee Receives Payments Services
No
Trustee Receives Other Benefit
No
Trustee Resigned Employment
No
Employees Salary Over 60k
No
Count Volunteers
0
Latest Fin Period Submitted Ind
No
Fin Period Order Number
2
Ar Cycle Reference
AR24
Fin Period Start Date
1 July 2023
Fin Period End Date
30 June 2024
Ar Due Date
30 April 2025
Ar Received Date
14 April 2025
Total Gross Income
£405,515
Total Gross Expenditure
£397,555
Grant Making Is Main Activity
Yes
Count Govt Contracts
0
Count Govt Grants
£0
Charity Has Trading Subsidiary
No
Does Trustee Receive Any Benefit
No
Trustee Payments Acting As Trustee
No
Trustee Receives Payments Services
No
Trustee Receives Other Benefit
No
Trustee Resigned Employment
No
Employees Salary Over 60k
No
Count Volunteers
0
Latest Fin Period Submitted Ind
No
Fin Period Order Number
3
Ar Cycle Reference
AR23
Fin Period Start Date
1 July 2022
Fin Period End Date
30 June 2023
Ar Due Date
30 April 2024
Ar Received Date
19 March 2024
Total Gross Income
£5,434,459
Total Gross Expenditure
£5,431,278
Grant Making Is Main Activity
Yes
Count Govt Contracts
0
Count Govt Grants
£0
Charity Has Trading Subsidiary
No
Does Trustee Receive Any Benefit
No
Trustee Payments Acting As Trustee
No
Trustee Receives Payments Services
No
Trustee Receives Other Benefit
No
Trustee Resigned Employment
No
Count Volunteers
0
Latest Fin Period Submitted Ind
No
Fin Period Order Number
4
Ar Cycle Reference
AR22
Fin Period Start Date
1 July 2021
Fin Period End Date
30 June 2022
Ar Due Date
30 April 2023
Ar Received Date
6 March 2023
Total Gross Income
£1,338,491
Total Gross Expenditure
£1,340,196
Charity Raises Funds From Public
No
Grant Making Is Main Activity
Yes
Charity Receives Govt Funding Contracts
No
Charity Receives Govt Funding Grants
No
Charity Has Trading Subsidiary
No
Does Trustee Receive Any Benefit
No
Trustee Resigned Employment
No
Employees Salary Over 60k
No
Count Volunteers
0
Latest Fin Period Submitted Ind
No
Fin Period Order Number
5
Ar Cycle Reference
AR21
Fin Period Start Date
1 July 2020
Fin Period End Date
30 June 2021
Ar Due Date
30 April 2022
Ar Received Date
8 April 2022
Total Gross Income
£1,732,209
Total Gross Expenditure
£1,792,479
Charity Raises Funds From Public
No
Grant Making Is Main Activity
Yes
Charity Receives Govt Funding Contracts
No
Charity Receives Govt Funding Grants
No
Charity Has Trading Subsidiary
No
Does Trustee Receive Any Benefit
No
Trustee Resigned Employment
No
Employees Salary Over 60k
No
Count Volunteers
1

05 Official extract

Charity Annual Return Partb

Latest Fin Period Submitted Ind
Yes
Fin Period Order Number
1
Ar Cycle Reference
AR25
Fin Period Start Date
1 July 2024
Fin Period End Date
30 June 2025
Ar Due Date
30 April 2026
Ar Received Date
4 March 2026
Income Donations And Legacies
7295338
Income Other Trading Activities
0
Income Charitable Activities
0
Income Investments
57
Income Other
0
Income Total Income And Endowments
7295395
Income Legacies
0
Income Endowments
0
Expenditure Raising Funds
£0
Expenditure Charitable Expenditure
£7,300,051
Expenditure Other
0
Expenditure Total
7300051
Expenditure Investment Management
0
Expenditure Grants Institution
7300051
Expenditure Governance
0
Expenditure Support Costs
10684
Expenditure Depreciation
0
Gain Loss Investment
0
Gain Loss Pension Fund
0
Gain Loss Revaluation Fixed Investment
0
Gain Loss Other
0
Reserves
£9,364
Assets Total Fixed
0
Assets Own Use
0
Assets Long Term Investment
0
Defined Benefit Pension Scheme
0
Assets Other Assets
£53,862
Assets Total Liabilities
£44,497
Assets Current Investment
0
Assets Total Assets And Liabilities
£9,365
Creditors One Year Total Current
44497
Creditors Falling Due After One Year
0
Assets Cash
£45,821
Funds Endowment
0
Funds Unrestricted
9365
Funds Restricted
0
Funds Total
9365
Count Employees
0
Charity Only Accounts
Yes
Latest Fin Period Submitted Ind
No
Fin Period Order Number
3
Ar Cycle Reference
AR23
Fin Period Start Date
1 July 2022
Fin Period End Date
30 June 2023
Ar Due Date
30 April 2024
Ar Received Date
19 March 2024
Income Donations And Legacies
5434381
Income Other Trading Activities
0
Income Charitable Activities
0
Income Investments
78
Income Other
0
Income Total Income And Endowments
5434459
Income Legacies
0
Income Endowments
0
Expenditure Raising Funds
£0
Expenditure Charitable Expenditure
£5,431,278
Expenditure Other
0
Expenditure Total
5431278
Expenditure Investment Management
0
Expenditure Grants Institution
5383059
Expenditure Governance
48219
Expenditure Support Costs
48219
Expenditure Depreciation
0
Gain Loss Investment
0
Gain Loss Pension Fund
0
Gain Loss Revaluation Fixed Investment
0
Gain Loss Other
0
Reserves
£6,060
Assets Total Fixed
0
Assets Own Use
0
Assets Long Term Investment
0
Defined Benefit Pension Scheme
0
Assets Other Assets
£1,610,141
Assets Total Liabilities
£1,604,080
Assets Current Investment
0
Assets Total Assets And Liabilities
£6,061
Creditors One Year Total Current
1604080
Creditors Falling Due After One Year
0
Assets Cash
£1,605,383
Funds Endowment
0
Funds Unrestricted
6061
Funds Restricted
0
Funds Total
6061
Count Employees
0
Charity Only Accounts
Yes
Latest Fin Period Submitted Ind
No
Fin Period Order Number
4
Ar Cycle Reference
AR22
Fin Period Start Date
1 July 2021
Fin Period End Date
30 June 2022
Ar Due Date
30 April 2023
Ar Received Date
6 March 2023
Income Donations And Legacies
1338421
Income Other Trading Activities
0
Income Charitable Activities
0
Income Investments
70
Income Other
0
Income Total Income And Endowments
1338491
Income Legacies
0
Income Endowments
0
Expenditure Raising Funds
£0
Expenditure Charitable Expenditure
£1,340,196
Expenditure Other
0
Expenditure Total
1340196
Expenditure Investment Management
0
Expenditure Grants Institution
0
Expenditure Governance
0
Expenditure Support Costs
3327
Expenditure Depreciation
0
Gain Loss Investment
0
Gain Loss Pension Fund
0
Gain Loss Revaluation Fixed Investment
0
Gain Loss Other
0
Reserves
£2,879
Assets Total Fixed
0
Assets Own Use
0
Assets Long Term Investment
0
Defined Benefit Pension Scheme
0
Assets Other Assets
£6,198
Assets Total Liabilities
£3,318
Assets Current Investment
0
Assets Total Assets And Liabilities
£2,880
Creditors One Year Total Current
3318
Creditors Falling Due After One Year
0
Assets Cash
£6,135
Funds Endowment
0
Funds Unrestricted
2880
Funds Restricted
0
Funds Total
2880
Count Employees
0
Charity Only Accounts
Yes
Latest Fin Period Submitted Ind
No
Fin Period Order Number
5
Ar Cycle Reference
AR21
Fin Period Start Date
1 July 2020
Fin Period End Date
30 June 2021
Ar Due Date
30 April 2022
Ar Received Date
8 April 2022
Income Donations And Legacies
1732150
Income Other Trading Activities
0
Income Charitable Activities
0
Income Investments
59
Income Other
0
Income Total Income And Endowments
1732209
Income Legacies
0
Income Endowments
0
Expenditure Raising Funds
£0
Expenditure Charitable Expenditure
£1,792,479
Expenditure Other
0
Expenditure Total
1792479
Expenditure Investment Management
0
Expenditure Grants Institution
1785425
Expenditure Governance
7054
Expenditure Support Costs
11014
Expenditure Depreciation
0
Gain Loss Investment
0
Gain Loss Pension Fund
0
Gain Loss Revaluation Fixed Investment
0
Gain Loss Other
0
Reserves
£9,995
Assets Total Fixed
0
Assets Own Use
0
Assets Long Term Investment
0
Defined Benefit Pension Scheme
0
Assets Other Assets
£13,255
Assets Total Liabilities
£8,670
Assets Current Investment
0
Assets Total Assets And Liabilities
£4,585
Creditors One Year Total Current
8670
Creditors Falling Due After One Year
0
Assets Cash
£12,316
Funds Endowment
0
Funds Unrestricted
4585
Funds Restricted
0
Funds Total
4585
Count Employees
0
Charity Only Accounts
Yes

06 Official extract

Charity Area Of Operation

Geographic Area Type
Region
Geographic Area Description
Throughout England And Wales
Welsh Ind
No
Geographic Area Type
Country
Geographic Area Description
United States
Parent Geographic Area Type
Continent
Parent Geographic Area Description
North America
Welsh Ind
No

07 Official extract

Charity Classification

Classification Code
207
Classification Type
Who
Classification Description
The General Public/mankind
Classification Code
308
Classification Type
How
Classification Description
Sponsors Or Undertakes Research
Classification Code
302
Classification Type
How
Classification Description
Makes Grants To Organisations
Classification Code
102
Classification Type
What
Classification Description
Education/training
Classification Code
101
Classification Type
What
Classification Description
General Charitable Purposes

08 Official extract

Charity Event History

Charity Name
MIT FOUNDATION (UK) LIMITED
Charity Event Order
1
Event Type
Standard registration
Date Of Event
2014-10-07T00:00:00

09 Official extract

Charity Governing Document

Governing Document Description
MEMORANDUM AND ARTICLES INCORPORATED 25 JUN 2014
Charitable Objects
THE OBJECTS OF THE CHARITY ARE: (A) THE ADVANCEMENT OF LEARNING AND EDUCATION IN PARTICULAR AT MASSACHUSETTS INSTITUTE OF TECHNOLOGY; AND (B) SUCH OTHER EXCLUSIVELY CHARITABLE PURPOSES AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION DETERMINE.

10 Official extract

Charity Policy

Policy Name
Trustee expenses policy and procedures
Policy Name
Risk management
Policy Name
Internal charity financial controls policy and procedures
Policy Name
Trustee conflicts of interest policy and procedures
Policy Name
Complaints handling
Policy Name
Safeguarding policy and procedures
Policy Name
Conflicting interests
Policy Name
Safeguarding vulnerable beneficiaries
Policy Name
Complaints policy and procedures
Policy Name
Financial reserves policy and procedures
Policy Name
Serious incident reporting policy and procedures
Policy Name
Investing charity funds policy and procedures
Policy Name
Internal risk management policy and procedures