for the Period Ended 31 December 2024
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Community Interest Report |
for the Period Ended
| 2024 | 2023 | |
|---|---|---|
|
|
£ |
£ |
| 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: |
|
( |
As at
| Notes | 2024 | 2023 | |
|---|---|---|---|
|
|
£ |
£ |
|
| 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: |
|
|
|
| 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
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
for the Period Ended 31 December 2024
Basis of measurement and preparation
for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
|
|
Company activities and impact In 2024 US Alumni Club CIC (USAC) continued its work of bringing the US university alumni community closer together. We have brought the community together through many in person events. Key highlights: We had several in person events which included a Christmas pub crawl, sports viewing parties, pub quiz, wealth management seminars, golf outings, park gatherings, and 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 continue to connect our alumni club leaders in a way that supports them in servicing and growing their own school-specific alumni club. These connections (mostly facilitated via WhatsApp group) facilitate cooperation and partnership opportunities between club leaders, and enable leaders to share best practices that help each other and their clubs grow. This continued to be valuable in 2025 as club leaders 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 US universities. We will continue to have more in person events to gather and connect people including US College Basketball tournament, picnic, culture events, US Embassy event, UK-based hiking holiday, and more, as we look to increase our membership, support Club Leaders, and expand our partnerships and develop our offerings for US universities.
Consultation with stakeholders For the 2024 Financial Year, the stakeholders are: Alexa Fernandez 60 ordinary £1 shares US Alumni Club 40 ordinary £1 shares In November 2024, we bought back the shares from Alexa Fernandez, and now all shares belong to the US Alumni Club. Consultations are completed as follows: Host regular club leader meetings to understand pain points. Host at least quarterly advisory board meetings, representing alumni members, to ensure accountability to the US Alumni community Events and engagement with the US Alumni community meets the needs of our stakeholders
No remuneration was received
In November 2024, US Alumni Club purchased the GBP 60 back from Alexa Fernandez.
This report was approved by the board of directors on
9 September 2025
And signed on behalf of the board by:
Name: Katherine Kwok
Status: Director