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REGISTERED COMPANY NUMBER: 11502326 (England and Wales)
REGISTERED CHARITY NUMBER: 1188088














Report of the Trustees and

Financial Statements for the Year Ended 31 December 2023

for

The American International Church
Foundation Limited

The American International Church
Foundation Limited






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 8

The American International Church
Foundation Limited (Registered number: 11502326)

Report of the Trustees
for the Year Ended 31 December 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
11502326 (England and Wales)

Registered Charity number
1188088

Registered office
79a Tottenham Court Road
London
United Kingdom
W1T 4TD

Trustees
D Brush Real Estate Investor
S M James Retired
S P Brown Finance
Ms M B Janssen Company Director

Company Secretary


Approved by order of the board of trustees on 20 September 2024 and signed on its behalf by:





Ms M B Janssen - Trustee

Independent Examiner's Report to the Trustees of
The American International Church
Foundation Limited

Independent examiner's report to the trustees of The American International Church Foundation Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Pat Sharma FCCA
The Association of Chartered Certified Accountants



Date: .............................................

The American International Church
Foundation Limited

Statement of Financial Activities
for the Year Ended 31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 32,960 - 32,960 16,781

EXPENDITURE ON
Charitable activities
Charitable Activities
48,900 - 48,900 -

Other 153 - 153 11
Total 49,053 - 49,053 11

NET INCOME/(EXPENDITURE) (16,093 ) - (16,093 ) 16,770


RECONCILIATION OF FUNDS
Total funds brought forward 16,770 1 16,771 1

TOTAL FUNDS CARRIED FORWARD 677 1 678 16,771

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

The American International Church
Foundation Limited (Registered number: 11502326)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Cash at bank and in hand 677 1 678 21,771

CREDITORS
Amounts falling due within one year 5 - - - (5,000 )

NET CURRENT ASSETS 677 1 678 16,771

TOTAL ASSETS LESS CURRENT
LIABILITIES

677

1

678

16,771

NET ASSETS 677 1 678 16,771
FUNDS 7
Unrestricted funds 677 16,770
Restricted funds 1 1
TOTAL FUNDS 678 16,771

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 20 September 2024 and were signed on its behalf by:





M B Janssen - Trustee

The American International Church
Foundation Limited

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.



The American International Church
Foundation Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.12.23 31.12.22
Average number of Employees - 1

No employees received emoluments in excess of £60,000.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 16,781 - 16,781

EXPENDITURE ON


Other 11 - 11

NET INCOME 16,770 - 16,770


RECONCILIATION OF FUNDS
Total funds brought forward - 1 1

TOTAL FUNDS CARRIED FORWARD 16,770 1 16,771

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans (see note 6) - 5,000

6. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year on demand:
Other loans - 5,000


The American International Church
Foundation Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 16,770 (16,093 ) 677

Restricted funds
Share Capital 1 - 1

TOTAL FUNDS 16,771 (16,093 ) 678

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 32,960 (49,053 ) (16,093 )

TOTAL FUNDS 32,960 (49,053 ) (16,093 )


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund - 16,770 16,770

Restricted funds
Share Capital 1 - 1

TOTAL FUNDS 1 16,770 16,771

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 16,781 (11 ) 16,770

TOTAL FUNDS 16,781 (11 ) 16,770

The American International Church
Foundation Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund - 677 677

Restricted funds
Share Capital 1 - 1

TOTAL FUNDS 1 677 678

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 49,741 (49,064 ) 677

TOTAL FUNDS 49,741 (49,064 ) 677

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.