US ALUMNI CLUB CIC


US ALUMNI CLUB CIC

Company Registration Number:
10518439 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

US ALUMNI CLUB CIC

Contents of the Financial Statements

for the Period Ended 31 December 2022

Profit and loss
Balance sheet
Additional notes
Community Interest Report

US ALUMNI CLUB CIC

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 1,085 2,845
Cost of sales: ( 2,241 ) ( 1,932 )
Gross profit(or loss): (1,156) 913
Distribution costs: 0 0
Administrative expenses: ( 129 ) ( 405 )
Other operating income: 0 0
Operating profit(or loss): (1,285) 508
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (1,285) 508
Tax: 0 ( 96 )
Profit(or loss) for the financial year: (1,285) 412

US ALUMNI CLUB CIC

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 4,276 5,803
Investments:   0 0
Total current assets: 4,276 5,803
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 4,276 5,803
Total assets less current liabilities: 4,276 5,803
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 4,276 5,803
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 4,275 5,802
Total Shareholders' funds: 4,276 5,803

The notes form part of these financial statements

US ALUMNI CLUB CIC

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 September 2023
and signed on behalf of the board by:

Name: Katherine Kwok
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 2022

  • 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 2022

  • 2. Employees

    2022 2021
    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 2022

Company activities and impact

In 2022 US Alumni Club CIC (USAC) continued its work of bringing the US university alumni community closer together. As we all started to come out of the pandemic and find a new normal, the USAC continued connecting people virtually and began introducing in person events too..Key highlights:We had a mixture of in person and virtual events which included aChristmas pub crawl, sports viewing parties, general networking. 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 themvirtual. These events facilitate cooperation and partnership opportunities between club leaders, and enable leaders to share bestpractices that help each other and their clubs grow. This continued to be valuable in 2022 as club leaders looked to adjust to the new normal and find ways for interaction with the alumni communities in a way that met the needs of the community. 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 USuniversities.In September of 2022, we also began the transition of one President to another to lead the USAC, and we recruited three new people to our operational board to support with new in-person events and promotion of the USAC to existing members and new. We kicked off 2023 with a full day planning session with the advisory and operational boards. We will continue to have more in person events to gather andconnect people including US College Basketball tournament, picnic, culture events, US Embassy event, and more, as we look to increase ourmembership, support Club Leaders, and expand our partnerships and develop our offerings for US universities.

Consultation with stakeholders

Consultation with stakeholdersFor the 2022 Financial Year, the stakeholders are:Alexa Fernandez 60 ordinary £1 sharesUS Alumni Club 40 ordinary £1 sharesWe made changes to the stakeholders and directors which were officially changed and filed in 2023.Consultations are completed as follows:Host quarterly club leader meetings to understand pain pointsHost at least 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
17 September 2023

And signed on behalf of the board by:
Name: Katherine Kwok
Status: Director