## **Trustees’ Annual Report for the period** **From** 02/05/2023 **Period start date To** 01/05/2024 **Period end date** **Charity name:** XHELADIN AND XHUFE MORINA FOUNDATION **Charity registration number:** 1185433 ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The main purpose of the foundation is to
provide support for projects encouraging
students in Kosovo to pursue STEM
careers.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The foundation organized Brain Camp
2024, a one week long neuroscience
course for high school students in Kosovo.
The foundation produced Brainbook a
neuroscience book for kids aged 5-10.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have regarded the guidance
document.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|| |Other||Two volunteers helped the foundation by
teaching at the Brain Camp 2023
neuroscience course (1 week) in August| 2023. ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The charity organized Brain Camp 2023 –a
one weeklong neuroscience course for high
school students in Kosovo. During this
course students were exposed to STEM
subjects normally missing from their high
school curricula and had an opportunity to
learn from volunteers undertaking careers
in STEM.
The charity was awarded a grant of
50,000$ to support the development and
production of Brainbook, a neuroscience
book for kids aged 5-10.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |
Achievements against
objectives set|
Para 1.41|
A core goal of the foundation is to
encourage students in Kosovo to pursue
STEM careers. Brain Camp 2023 allowed
students to learn about STEM and how to
succeed in a career in the field| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|At the end of the year, the charity had a
budget of£24,989.93| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The charity aims to provide studentships
and bursaries for STEM projects (e.g.for
students needing funds to undertake
formative courses abroad). Holding a
reserve budget ensures that the charity has
the possibility to fund worthy projects when
applications for funds are made| |Amount of reserves held|Para 1.22|£24,989.93| |Reasons for holding zero
reserves|Para 1.22|Non applicable| |Details of fund materially in
deficit|Para 1.24|Non applicable| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Non applicable| |**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Direct donations from private individuals.
Grants from private organizations.| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|No risk.| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Charitable Incorporated Organization| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointment by pre-existing trustees| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51|
The foundation provides ample
documentation (constitution, trustee
declaration form etc.) for new trustees.| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any
related parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Xheladin and Xhufe Morina Foundation| |---|---| |Other name the charity uses|| |Registered charity number|1185433| |Charity’s principal address|160 Cambridgepark Drive
Cambridge
Massachussetts,
USA| ||| ## **Names of the charity trustees who manage the charity** |1
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5
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Egzona Morina|||| ||Federico Claudi|||| ||Robert Froemke|||| ||Naime Hoxha|||| ||Matthew Bonds||(start)February2024|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved ## **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Egzona Morina **Position (eg Secretary,** Chair **Chair, etc)** **Date** 2/2/2025 ## **Receipts and payments accounts for the CIO.** Transfers on the Wise account in the period between 02/05/2023 and The CIO has **no assets or liabilities** for the financial period. The CIO ha **Notes:** The CIO's funds are held in a Wise account with separate balances for dollars (USD) and Pounds (GBP). Below are listed all receipts of donations, internal transfers, grants |**Account**|**date**|**Name**| |---|---|---| |Wise - USD
20/11/2023
MARCATUS CENTER GRANT
26/11/2023
Federal Tax
27/11/2023
Applicaton User Fee
2/12/2023 Zazzle (merch)
2/12/2023 Donaton: Alex Harston
4/12/2023 Upwork (Brainbook App developers)
11/12/2023 Upwork (Brainbook App developers)
18/12/2023
Upwork (Brainbook App developers)
25/12/2023
Upwork (Brainbook App developers)
1/1/2024 Upwork (Brainbook App developers)
8/1/2024 Upwork (Brainbook App developers)
15/01/2024
Upwork (Brainbook App developers)
22/01/2024
Upwork (Brainbook App developers)
26/01/2024
Looka logo maker (brainbook)
29/01/2024
Upwork (Brainbook App developers)
5/2/2024 Upwork (Brainbook App developers)
12/2/2024 Upwork (Brainbook App developers)
19/02/2024
Upwork (Brainbook App developers)
20/02/2024
Looka logo maker (brainbook)
26/02/2024
Upwork (Brainbook App developers)
4/3/2024 Upwork (Brainbook App developers)
11/3/2024 Upwork (Brainbook App developers)
18/03/2024
Upwork (Brainbook App developers)
26/03/2024
Upwork (Brainbook App developers)
1/4/2024 Upwork (Brainbook App developers)
3/4/2024 Barnes and Noble (brainbook)
5/4/2024 Sent Money To Ariadne Elisa belo Da silva
8/4/2024 Upwork (Brainbook App developers)
10/4/2024 Barnes and Noble (brainbook)
15/04/2024
Upwork (Brainbook App developers)||| 17/04/2024 Barnes and Noble (brainbook) 22/04/2024 Upwork (Brainbook App developers) 29/04/2024 Upwork (Brainbook App developers) Wise - GBP 26/03/2023 OpenBCI 8/11/2023 ATOMI 17/11/2023 Joseph Wall (Brainbook illustrator) 14/01/2024 Joseph Wall (Brainbook illustrator) 17/01/2024 Joseph Wall (Brainbook illustrator) 28/01/2024 Joseph Wall (Brainbook illustrator) **SU total income total expenses net final balance USD account final balance GBP account total** ## d 01/05/2024 as **no loans** "under guarantee" or secured against 1 USD = 0.81355 GBP |**ammount(GBP)**|**ammount(USD)**|| |---|---|---| |£ 40,677.50 $ 50,000.00
£ 243.25 $ 299.00
£ 488.13 $ 600.00
£ 18.55 $ 22.80
£ 107.39 $ 132.00
£ 92.34 $ 113.50
£ 269.88 $ 331.73
£ 239.90 $ 294.88
£ 479.79 $ 589.75
£ 329.85 $ 405.45
£ 179.92 $ 221.16
£ 689.70 $ 847.77
£ 687.15 $ 844.63
£ 156.10 $ 191.88
£ 719.69 $ 884.63
£ 1,199.48 $ 1,474.38
£ 1,199.48 $ 1,474.38
£ 1,199.48 $ 1,474.38
£ 16.26 $ 19.99
£ 1,439.37 $ 1,769.25
£ 1,199.49 $ 1,474.39
£ 929.59 $ 1,142.64
£ 1,079.53 $ 1,326.94
£ 899.61 $ 1,105.78
£ 599.74 $ 737.19
£ 13.02 $ 16.00
£ 312.49 $ 384.11
£ 839.63 $ 1,032.06
£ 13.02 $ 16.00
£ 1,049.54 $ 1,290.08||| £ 13.02 $ 16.00 £ 599.74 $ 737.19 £ 764.67 $ 939.92 410.7 429.75 500 400 150 398 ## **MMARY** £ 40,677.50 £ 20,357.28 £ 20,320.22 £ 22,802.77 $ 28,028.73 £ 2,187.06 £ 24,989.83 ## t the CIO's assets. ## **notes** GRANT, primarily directed at covering Brainbook expenses Registering the foundation in US Registering the foundation in US Developers for Brainbook app were paid periodically according to hrs worked Refund for braincamp related expenses (e.g travel) **Legend** Grants Donations received Expenses Internal transfers ## **Independent examiner's report on the accounts** **Report to the trustees/** Charity Name **members of** Xheladin and Xhufe Morina Foundation **On accounts for the year ended**[2023 / 2024] **Set out on pages** > **Charity no (if any)**[1185433] (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above **05/01/2024** . **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent examiner's statement** ~~undertake the examination by being a qualified member of [insert name of applicable listed body]].~~ _Delete [ ] if not applicable._ I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ |**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**|**Date:**|25/02/2025| |---|---|---| |||| ||Patrick Devine|| |||| ||Quantitative Financial Developer
US Based Asset Management Firm|| 1 **October 2018** **IER** **Address:** 199 Coolidge Ave #113 Watertown, MA 02472 ## **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 2 **October 2018** **IER**