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 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
2022 | 2021 | |
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| £ | £ |
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 | 2022 | 2021 | |
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| £ | £ | |
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 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
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 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
No remuneration was received
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