## **The AI Education Foundation** 

**Registered Charity, No: 1189058** 

## **Trustees’ Annual Report & Statement of Financial Activity** 

**for the Year Ended 31 December 2020** 

## **Trustees** 

_Francesco Visin Francesco Romano Matteo Hessel_ 

_The AI Education Foundation:  Trustees’ Annual Report & Financial Statements_ 

_Page 1 of 9_ 



## **Table of content** 

|**Reference and Administration Details**|**3**|
|---|---|
|Charity Name & Registration|3|
|Charity’s Address|3|
|Names of the Trustees Who Manage the Charity|3|
|Names of Advisors & Senior Members of Staff|3|
|Bank|3|
|**Structure, Governance & Management**|**4**|
|Type of Governing Document|4|
|Charitable Objects|4|
|Trustee Selection Methods|4|
|**Activities**|**4**|
|Statutory Declaration|4|
|**Achievements & Performance**|**4**|
|Outputs and Outcomes for the Charity’s Beneficiaries|4|
|How the Public Have Benefitted.|4|
|**Financial Review**|**4**|
|Details of Any Funds Materially in Deficit|4|
|Policy on Reserves|5|
|Principal Sources of Funding and Outgoings|5|
|Remuneration of Trustees|5|
|Financial Status|5|
|Statutory Statements on Liabilities|5|
|Approval by the board of trustees|5|
|**Statement of Financial Activity**|**6**|
|Receipts & Payments Accounts for the Financial Year Ended 31-Dec-20|6|
|Receipts & Payments|6|
|Summary of Receipts & Payments Accounts|6|
|Statement of Assets and Liabilities|6|
|Approval of the Board of Trustees|6|



_The AI Education Foundation:  Trustees’ Annual Report & Financial Statements_ 

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**Trustees Annual Report for the Year Ended 31 December 2020** 

## **1 Reference and Administration Details** 

## **1.1 Charity Name & Registration** 

The charity is a Charitable Incorporated Organisation, registration no: 1189058, registered with the Charity Commission on 15 April 2020. 

## **1.2 Charity’s Address** 

Current Address: 

● FLAT 1ST FLOOR, 4 Leighton Crescent, LONDON, NW5 2QY, England, United Kingdom Note: During the financial period for the year ended 31 December 2020 the address was: ● 7 CASTLETOWN ROAD, LONDON, W14 9HE, England, United Kingdom e-mail: ai.education.foundation@gmail.com 

website: https://sites.google.com/corp/view/aieducationfoundation 

## **1.3 Names of the Trustees Who Manage the Charity** 

||**_Role_**|**_Appointed_**|**_Resigned_**|
|---|---|---|---|
|Martina Zambelli|Trustee|_15 April 2020_|20 May 2021|
|Francesco Romano|Trustee|_15 April 2020_|_--_|
|Francesco Visin|Trustee|_15 April 2020_|--|
|Matteo Hessel|Trustee|_15 April 2020_|--|



## **1.4 Names of Advisors & Senior Members of Staff** 

The charity does not employ any staff. 

## **1.5 Bank accounts** 

We did not need a bank account during the financial period ending 31 December 2020, as our activities were postponed to 2021 due to Covid. 

## **2 Structure, Governance & Management** 

## **2.1 Type of Governing Document** 

We are a Charitable Incorporated Organisations, where the Trustees are the only Members of the charity. Our constitution follows the charity commission’s Foundation model. 

## **2.2 Charitable Objects** 

As defined in MyCharity’s Constitution (Governing Document), the charity’s objects are: 

_TO PROMOTE AND ADVANCE EDUCATION ON THE TOPICS OF MACHINE LEARNING AND ARTIFICIAL INTELLIGENCE IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT, INCLUDING BY ORGANISING AND SUPPORTING FORMATIVE ACTIVITIES AND NETWORKING EVENTS IN THE UK AND WORLDWIDE._ 

## **2.3 Trustee Selection Methods** 

There must be at least three charity trustees. 

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In accordance with the Constitution, Trustees are appointed or re-appointed by a resolution passed at a properly convened meeting of the charity trustees. 

In appointing Trustees consideration is given to ensuring that the Trustees have, between them, the skills and experience necessary to manage the charity effectively and in accordance with charity law. 

## **3 Activities** 

## **3.1 Statutory Declaration** 

The Trustees of The AI Education Foundation confirm they have paid due regard to the guidance by the Charity Commission on public benefit in deciding what activities the charity should undertake. 

## **4 Achievements & Performance** 

## **4.1 Outputs and Outcomes for the Charity’s Beneficiaries** 

Due to Covid-19, the organization of our first machine learning school was postponed to 2021, to ensure the safety of speakers and students. 

## **4.2 How the Public Have Benefitted.** 

Due to Covid-19, the organization of our first machine learning school was postponed to 2021, to ensure the safety of speakers and students. 

## **5 Financial Review** 

## **5.1 Details of Any Funds Materially in Deficit** 

The Charity has no funds which are materially in deficit. 

## **5.2 Policy on Reserves** 

Due to Covid, our first financial year’s turnover/income/expenses/reserves were all zero, as all our activities were postponed to 2021. 

## **5.3 Principal Sources of Funding and Outgoings** 

Due to Covid, our first financial year’s turnover/income/expenses/reserves were all zero, as all our activities were postponed to 2021. 

## **5.4 Remuneration of Trustees** 

All Trustees act in a voluntary capacity. 

No trustee receives any payments for the services they provide to the charity. 

Out-of-pocket expenses incurred necessarily, reasonably and incidentally in the course the charity’s activities _can_ be reimbursed at cost. However, no Trustees received any reimbursement of out-of-pocket expenses in the current financial year as all activities were postponed to 2021 due to Covid. 

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## **5.5 Financial Status** 

Due to Covid, our first financial year’s turnover/income/expenses/reserves were all zero, as all our activities were postponed to 2021. 

## **5.6 Statutory Statements on Liabilities** 

The Trustees declare that: 

- ✔ The charity has given no guarantees where potential liability under the guarantee is outstanding at the date of this statement ( _eg:_ any outstanding/ongoing contract or legal undertaking to buy or provide specific services); 

- ✔ The charity has no debt outstanding at the date of this statement which is owed by the CIO and which is secured by an express charge on any assets of the CIO ( _eg:_ a mortgage on property owned by the charity); 

## **5.7 Approval by the board of trustees** 

The Trustees declare that they have approved the Annual Report. 

Date: 29/06/2021 

Name:                                           Signatures: 

Francesco Visin Francesco Romano Matteo Hessel 



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**Statement of Financial Activity for the Year Ended 31 December 2020** 

## **6 Statement of Financial Activity** 

## **6.1 Summary of Receipts & Payments Accounts** 

The charity used “Receipts and Payments” accounting 

As discussed in the Trustees’ report, 

due to the covid pandemic, the charity’s activities were postponed to 2021. As a result of this: 

- The charity had no receipts and no payments in the financial period ending 31-Dec-2020 

- The charity did not sell assets and/or investments. 

- The charity did not purchase assets and/or investments. 

- The charity holds no assets or liabilities. 

In the next sections, we report the accounts according to template CC16 downloaded from https://www.gov.uk/government/publications/charity-accounting-templates-receipts-and-payment s-accounts. 

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6.1.2 **Statement of Assets and Liabilities** 


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## **6.2 Approval of the Board of Trustees** 

The Trustees declare that they have approved the Statement of Financial Activity. 

Date:  29/06/2021 

Name:                                           Signatures: 

Francesco Visin Francesco Romano Matteo Hessel 



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