7. Grants awarded (continued) Medical Science Trust Grants awarded by the Group


Plus: grants awarded to subsidiary undertakings


Grants awarded by the Trust


363.0 —


363.0


Humanities and


Funding Engagement £m


£m


20.3 —


20.3


Technology Transfer £m


53.3 —


53.3


Wellcome Trust


Genome Campus £m


—


84.9 84.9


Total 2011 £m


436.6 84.9


521.5


Total 2010 £m


473.2 78.3


551.5


Further details of grants awarded by the Trust are published on the Trust’s website, at the address given on the inside back cover.


The following Governors during the year had appointments with organisations which were in receipt of grants:


Professor Dame Kay Davies – University of Oxford Mr Peter Davies – University of Oxford Professor Christopher Fairburn – University of Oxford Professor Richard Hynes – Massachusetts Institute of Technology Professor Anne Johnson – University College London Baroness Manningham-Buller – Imperial College London Professor Peter Rigby – The Institute of Cancer Research Professor Peter Smith – London School of Hygiene and Tropical Medicine


8. Grants awarded but not yet paid Group


2011 £m


Liability at 1 October


Grants awarded during the year Grants paid during the year


Liability as at 30 September Of which:


– falling due within one year (note 17) – falling due after one year (note 17)


Liability as at 30 September


1,493.0 436.6


(421.6) 1,508.0


654.7 853.3


1,508.0


2010 £m


1,409.4 473.2


(389.6) 1,493.0


649.9 843.1


1,493.0 Trust


2011 £m


1,490.0 521.5


(506.5) 1,505.0


653.6 851.4


1,505.0


9. Support costs Support costs are those costs that, while necessary to deliver an activity, do not themselves produce or constitute the output of the charitable activity. Support costs have been apportioned using the allocation methods indicated.


Operations comprise building costs, costs associated with the Human Resources department, the finance department, the legal department and information technology.


2010 £m


1,406.4 551.5


(467.9) 1,490.0


648.8 841.2


1,490.0


Annual Report 2011 | 47


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