MIT DEVELOPMENT TRUST

Charity number: 327186
Removed charity

Charity overview

Activities - how the charity spends its money

MIT Development Trust receives contributions from UK based donors and transfers them to the Massachusetts Institute of Technology in the USA in a tax efficient manner by the reclaimation of Gift Aid from the UK government

Income and expenditure

Data for financial year ending 31 December 2014

Total income: £88,715
Total expenditure: £94,851

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
How the charity helps:
  • Makes Grants To Organisations
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 15 July 1986: Standard registration
  • 02 September 2016: Removed (Transfer of funds)
Organisation type:
Trust
Other names:

No other names

Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014
Total gross income £48.21k £71.54k £88.40k £168.83k £88.72k
Total expenditure £48.17k £68.51k £88.40k £189.51k £94.85k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2015 Not submitted
Accounts and TAR 31 December 2015 Not submitted
Annual return 31 December 2014 03 September 2015 On Time
Accounts and TAR 31 December 2014 03 September 2015 On Time
Annual return 31 December 2013 14 October 2014 On Time
Accounts and TAR 31 December 2013 14 October 2014 On Time
Annual return 31 December 2012 03 September 2013 On Time
Accounts and TAR 31 December 2012 03 September 2013 On Time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

TRUST DEED DATED 26 JUNE 1986

Charitable objects

UPON TRUST TO PAY OR APPLY THE CAPITAL AND INCOME OF THE TRUST FUND, SUBJECT TO THE TERMS ON WHICH ANY SPECIAL DONATION IS RECIEVED UNDER SUB-CLAUSE (C) OF CLAUSE 9 HEREOF, TO OR FOR:- A THE FINANCIAL SUPPORT OF SUCH OF THE PURPOSES OF MIT AS ARE CHARITABLE FOR THE ADVANCEMENT OF EDUCATION AS THE TERM IS UNDERSTOOD IN ENGLISH LAW BY WAY OF GIFT, GRANT, LOAN, GUARANTEE OR SUCH OTHER FORM OF FINANCIAL ASSISTANCE AS THE TRUSTEES SHALL CONSIDER APPROPRIATE FOR THE MAINTENANCE, EXPANSION AND DEVELOPMENT OF MIT AND ITS ACTIVITIES CALCULATED TO ACHIEVE SUCH PURPOSES, OR B SUCH OTHER CHARITABLE PURPOSES AS THE TERM IS UNDERSTOOD IN ENGLISH LAW CONNECTED WITH MIT AS THE TRUSTEES SHALL FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION DETERMINE.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED