US ALUMNI CLUB CIC
US ALUMNI CLUB CIC
US ALUMNI CLUB CIC
Company Registration Number:
10518439 (England and Wales)
Unaudited statutory accounts for the year ended 31 December 2020
Period of accounts
Start date: 1 January 2020
End date: 31 December 2020
US ALUMNI CLUB CIC
Contents of the Financial Statements
for the Period Ended 31 December 2020
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Community Interest Report |
US ALUMNI CLUB CIC
Profit And Loss Account
for the Period Ended
| 2020 | 2019 | |
|---|---|---|
| | £ | £ |
| Turnover: | | |
| Cost of sales: | ( | ( |
| Gross profit(or loss): | | |
| Distribution costs: | | |
| Administrative expenses: | ( | ( |
| Other operating income: | | |
| Operating profit(or loss): | | |
| Interest receivable and similar income: | | |
| Interest payable and similar charges: | | |
| Profit(or loss) before tax: | | |
| Tax: | ( | ( |
| Profit(or loss) for the financial year: | | |
US ALUMNI CLUB CIC
Balance sheet
As at
| Notes | 2020 | 2019 | |
|---|---|---|---|
| | £ | £ | |
| Called up share capital not paid: | | | |
| Fixed assets | |||
| Intangible assets: | | | |
| Tangible assets: | | | |
| Investments: | | | |
| Total fixed assets: | | | |
| Current assets | |||
| Stocks: | | | |
| Debtors: | | | |
| Cash at bank and in hand: | | | |
| Investments: | | | |
| Total current assets: | | | |
| Prepayments and accrued income: | | | |
| Creditors: amounts falling due within one year: | | | |
| Net current assets (liabilities): | | | |
| Total assets less current liabilities: | | | |
| Creditors: amounts falling due after more than one year: | | | |
| Provision for liabilities: | | | |
| Accruals and deferred income: | | | |
| Total net assets (liabilities): | | | |
| Capital and reserves | |||
| Called up share capital: | | | |
| Share premium account: | | | |
| Other reserves: | | | |
| Profit and loss account: | | | |
| Total Shareholders' funds: | | |
The notes form part of these financial statements
US ALUMNI CLUB CIC
Balance sheet statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
US ALUMNI CLUB CIC
Notes to the Financial Statements
for the Period Ended 31 December 2020
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102
US ALUMNI CLUB CIC
Notes to the Financial Statements
for the Period Ended 31 December 2020
-
2. Employees
2020 2019 Average number of employees during the period 0 0
COMMUNITY INTEREST ANNUAL REPORT
US ALUMNI CLUB CIC
Company Number: 10518439 (England and Wales)
Year Ending: 31 December 2020
Company activities and impact
In 2020 US Alumni Club CIC (USAC) continued its work of bringing the US university alumni community closer together. The global pandemic forced us to find new and innovative ways to connect people virtually since in person events were not safe. Key highlights:We shifted from hosting in person events to virtual events including monthly virtual meet-ups, a virtual Thanksgiving Pub Quiz, and a virtual Gin Tasting. These events are an opportunity for members to gather and make personal and professional connections in London. University Clubs have the opportunity to co-host and participate in these events, which brings in a larger and varied attendance.We continue to serve our membership base of 2,000 members.We continued our alumni club leaders networking series, and we increased the frequency from quarterly to monthly and made them virtual. These events facilitate cooperation and partnership opportunities between club leaders, and enable leaders to share best practices that help each other and their clubs grow. This was especially valuable in 2020 as club leaders looked to completely change the way they typically interact with the alumni communities. We continue to meet on a quarterly basis with our Advisory board to discuss strategy and improve the offerings to our community. Our Advisory board consists of three advisors, recruited from the US Alumni club community and are alumni of various US universities. In the upcoming year we are looking to increase our membership, reintroduce in person events, expand our partnerships and develop our offerings for US universities.
Consultation with stakeholders
The stakeholders are:Alexa Fernandez 60 ordinary £1 sharesUS Alumni Club 40 ordinary £1 sharesConsultations are completed as follows:Host quarterly club leader meetings to understand pain pointsHost quarterly advisory board meetings, representing alumni members, to ensure accountability to the US Alumni communityEvents and engagement with the US Alumni community meets the needs of our stakeholders
Directors' remuneration
No remuneration was received
Transfer of assets
No transfer of assets other than for full consideration
This report was approved by the board of directors on
27 September 2021
And signed on behalf of the board by:
Name: Alexa Fernandez
Status: Director