2024-12-31-accounts

Docusign Envelope ID.. 9B65C147-C7514548-8F26481A78AA521F Registered number: 04957219 Charity number: 1101831 THE ANGLO-AMERICAN CHARITY LIMITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Docusign Env8lope ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED CONTENTS Page Reference and administrative details of the charitable company, its trustees and advisers Trustees, annual report Trustees. responsibilities statement Independent auditor's report on the financial statements Statement of financial activities 10 Balance sheet Statement of cash flows 12 Notes to the financial statements

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees S E Holwich A W R Eichhorn JJWatts Company registered number 04957219 Charity registered number 1101831 Registered office clo Macfadanes 10 Norwich Street London EC4A 1BD Principal office 20 Old Bailey London EC4M 7AN Company secretary AWR Eichhom Page 1

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees, who are also directors for the purposes of the Companies Act, present their annual report togelher with the audited financial statements of the charitable company for the year ended 31 December 2024. The annual report serves the purposes of both a trustees. report and a directors, report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with Ihe current statutory requirements, the requirements of the charitable CoMpan￿S governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) (effective 1 January 2019). Since the charitable company qualifies as small under sertion 382 of the Companies Act 2006, the strategi report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. ObjeGtives, artivities and financial review Policies and objectives The principal activity of the charitable company continued to be that of performing charitable functions. in particular, in support of educational and health related projects in the United Kingdom, United States of America and in the developing world. The charitable company makes grants to other projects that support its charitable aims, including its parent charitable foundation. There have been no changes in the objectives and policies of the charitable company during the year. In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, induding the guidance 'Public benefit= running a charity IPB21'. b. Activities undertaken to achieve objectives The charitable company continued to raise funds from US nationals residing in the United Kingdom to assist trans-Atlantic philanthropy. All funds re￿ived. other than those to meet its overheads, are donated to charity. c. Key perfonnance indicators The charitable company aims to maximize donation income so that it can not only maintain but increase its charitable giving. d. Financial review and main achievements The results for Ihe year and Ihe financial position at the year end were considered satisfactory by the trustees with donation income increasing from £1,355,351 to £2,498,821. The total reSoUr￿S expended increased from £1,640.131 to £2,207.192, which is within expectation given the nature of a grant making charity- As a result the net movement in funds was an increase of£293.662 (2023: decrease of £282.988). The trustees are grateful for the substantial donations received from both individuals and organisations during the year. Page 2

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED TRUSTEES. ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives, activities and financial review {continued) . Going concern The charity is a grant making charity with litue or no overheads. Consequently, after making appropriate enquiries, the trustees have a reasonable expectation that the charitable company has adequate reSoUr￿S to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the accounts'ng policies. f. Reserves policy Reserves as at 31 December 2024 comprise of unrestricted funds of £432.447. The trustees have taken the view that at this stage they do no need to have in pla￿ any reserves policy. The charitable company itself is not an operational charity having little in the way of fixed costs or forward obligations. The trustees are entitled to (and do} apply reSoUr￿s, consisting of donations re￿iVed from members of the public. for such charitable purposes as they decide from time to time, and it is not their practice to commit themselves in advance to specific expenditure on future planned activities. Structure, governance and management a. Slruclure and trustees The charity is constituted as a company limited by shares and was incorporated on 7 November 2003. The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is govemed under its Articles of Association. In the event of the charitable company being wound up the memberfs liability is limited to the issued share capital of the charitable company. The trustees are responsible for the direction and management of the charity- The charitable company has dispensed with the need to (x)nvene an Annual General Meeting each year. the need lo lay financial statements before the Annual General Meeting and the need to reappoint auditors annually. The directors and trustees who served the charitable company throughout the year were as follows.. S E Howich A W R Eichhom JJWatts b. Organisational structure and decisionwmaking policies Trustees are appointed at the discretion of the existing trustees. The existing trustees are responsible for the induction of any new trustees which involves awareness of a trustee's responsibilities, the goveming document, administrative procedures and the history and philosophical approach of the charitable company. c. Related party relationships The charitable company is the wholly owned subsidiary of The Anglo-American Charitable Foundation Limited, a US public charity. It exists as a separate entity in order to facilitate donations to the US charity. Page 3

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED TRUSTEES. ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and management (continued) d. Financial risk management The trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the charitable company. and are satisfied that systems and Pro￿dureS are in place to mitigate exposure to the major risks. The trustees consider the main current risk facing the charitable company to be a decline in donation income but the risk of an adverse effect on cash flow is mitigated by the low level of SUPF)Ort costs. Future developments The truslees expect the charitable company to at least retain its current level of charitable activities for the foreseeable future. Disclosure of infonnation to auditor Each of the persons who are trustees at the time when this trustees, report is approved has confirmed that: so far as that trustee is aware, there is no relevant audit information of which the charity's auditor is unaware, and that trustee has tsken all the steps that ought to have been taken as a trustee in order to be aware of any relevant audit infomiation and to establish that the chariws auditor is aware of that information. Small company exemptions In preparing Ihis report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Approved by order of the members of the board of trustees and signed on their behalf by.. ¥vYC 8CFC6F340C37463 S E HonNich Trustee Date: 23-Sep-25 | 13.'32 BST Page 4

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stste of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure. for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Stsndards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the haritable companqs transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ANGLO-AMERICAN CHARITY LIMITED FOR THE YEAR ENDED 31 DECEMBER 2024 Opinion We have audited the financial statements of The Anglo-American Charity Limited (the 'charitable companl) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the related notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practi￿1. In our opinion the financial statements- give a true and fair view of the state of the charitable companvs affairs as at 31 December 2024 and of ils incoming resources and application of reSoUr￿s. including its income and expenditure for the year then ended., have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are fvrther described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable companls ability to continue as a going concem for a period of at least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Page 6

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ANGLO-AMERICAN CHARITY LIMITED {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Other infonnation The other information comprises the infomiation included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent othe￿iSe explicitly stated in our report, we do not express any fonn of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in Ihe course of the audit. or othe￿iSe appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the wort( undertaken in the course of the audit.. the information given in the trustees. report for the financial year for which the financial statements are prepared is consistent with the financial statements. the trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the urse of the audit, we have not identified material misstatements in the Trustees, report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the infomiation and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial ststements, the trustees are responsible for assessing the charitable companls ability to continue as a going concem. disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistiG altemative but to do so. Page 7

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ANGLO-AMERICAN CHARITY LIMITED {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assuran￿ is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-complian￿ with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below.. the engagement partner ensured that the engagement team collectively had the appropriate competence, apabilities and skills to identify or reGognise non-compliance with applicable laws and regulations- we identified the laws and regulations applicable to the charitable company through discussions with trustees and other management, and from our commercial knowledge and experien￿ of the charity sector" we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity. induding the Charities Act 2011 and data protection- we assessed the extent of Complian￿ with the law￿ and regulations identified above through making enquiries of management- and identified laws and regulalions were communicated within the audit team regularly and the team remained alert lo instances of non-complian￿ throughout the audit. We assessed the susceptibility of the charitable companys financial statements to material misstatement, including obtaining an understanding of how fraud might occur. by: making enquiries of management as to where they considered there was susceptibility to fraud. their knowledge of actual, suspected and alleged fraud. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. performed analytical procedures to identify any unusual or unexpected relationships; tested a sample of journal entries to identify unusual transactions., and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to= agreeing financial statement disdosures to underfying supporting documentation- reading the minutes of meetings of those charged with govemance., enquiring of management as to actual and potential litigation and claims., and reviewing Corresponden￿ with relevant regulators induding the Charity Commission, and the Gompanls legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. ALJditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, rf any. Page 8

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ANGLO-AMERICAN CHARITY LIMITED {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Auditorfs responsibilities for the audit of the financial statements (continued) Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion A further description of our responsibilities for the audit of the finanual statements is located on the Financial Reporting Council's website at: www.frc.o .uklauditorsres onsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable companls members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable CoMpan￿S members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and its members. as a body. for our audit work. for this report, or for the opinions we have fonned. DOCUS￿nId ty. ASSDB738È5414BO... Mark Hart FCA (senior statutory auditor) for and on behalf of Blick Rothenberg Audit LLP Chartered Accountants Statutory Auditor 16 Great Queen Street Covent Garden London WC2B SAH 23-Sep-25 | 14=00 BST Date: Page 9

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Bank interest received 2,498,821 2,033 2,498,821 2,033 1,355,351 1.792 Totsl income 2,500,854 2,500,854 1,357,143 Expenditure on: Charitable activities 2,207,192 2,207,192 1,640,131 Totsl expenditure 2,207,192 2,207,192 1,640,131 Net movement in funds 293,662 293,662 1282.988) Reconclliatlon of funds: Total funds brought forward Net movement in funds 138.785 293,662 138,785 293,662 421.773 1282,988) Total funds carried forward 12 432.447 432.447 138,785 The Statement of financial activities indudes all gains and losses recognised in the year. The notes on pages 13 to 21 form part of these financial statements. Page 10

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F REGISTERED NUMBER.. 04957219 THE ANGLO-AMERICAN CHARITY LIMITED BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note Current assets Debtors 75,328 374,469 6,223 160,196 Cash at bank and in hand 449.797 166,419 Creditors- amounts falling due within one year 10 (17,350) (27,6341 Net current assets 432,447 138,785 Total assets less current liabilities 432.447 138,785 Total net assets 432,447 138.785 Charity funds Restricted funds 12 UnrestriGted funds.. General funds 12 432,446 138,784 Share capital Total unrestricted funds 12 432,447 138.785 Total funds 432,447 138,785 The financial statements have been prepared in accordan￿ with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements were approved and authorised for issue by the trustees and signed on their behalf by.. ¥￿￿0￿ 8CFC6F340C37463... S E Horwich Trustee Date: 23-Sep-25 | 13:32 BST The notes on pages 13 to 21 form part of these financial statements. Page11

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note Cash flows from operating activities Net cash generatedl{used) in operating activities 13 212,240 1139.241) Cash flows from investing activities Bank interest received 2,033 1.792 Net Cash provided by investing activities 2,033 1,792 Cash flows from financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 214,273 1137.449) 297,645 160.196 Cash and cash equivalents at the end of the year 374,469 160.196 The notes on pages 13 to 21 form part of these financial ststements Page 12

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General information The charity is a company limited by shares and is incorporated and regislered in England and Wales. Its registered office is clo Macfadanes, 10 Norwich Street, London, EC4A 1 BD. Its principal office is at 20 Old Bailey, London, EC4M 7AN. The financial statements are presented in Sterling (£). The principal activity of the charitable company continued to be that of the facilitstion of making general charitable grants in the United Kingdom and United States of America. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 Accounting and Reporting by Charities: Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102} (effective 1 January 2019). the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. The Anglo-American Charity Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Going concern After making enquiries. the trustees have a reasonable expedation that the charitsble company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future. being a period of at least ￿e1ve months from the date these financial statements were approved. Accordingly. they continue to adopt the going concern basis in preparing the financial slatements. 2.3 Income All income is recognised once the charitable company has entillement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of enlitlement of receipl, ils recognition is deferred and included in creditors as deferred income. Where enlitlement occurs before income is re￿ived, the income is accrued. Income tax recoverable in relation to donations re￿iVed under Gift Aid or deeds of covenant is recognised at the time of the donation. Page 13

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity- Direct costs attributable to a single activity are allocated directly to that activily. Shared costs which contribute to more than one activity and supporl costs which are nol attributable to a single activity are apportioned between those activities on a basis consistent with the use of reSoUr￿s. Central staff costs are allocated on the basis of time spent. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitable companls objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional. such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is indusive of irrecoverable VAT. 2.5 Interest receivable Interest on funds held on deposit is induded when receivable and the amount can be measured reliably by the charitable company- this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Foreign currencies Monetary assets and liabilib-es denominated in foreign cuffencies are translated into sterling at rates of exchange ruling at the reporting date. Transactions in foreign Cu￿enCieS are translated into sleding at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the statement of financial activities. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 14

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.8 Financial instruments The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the company becomes party to the ntractual provisions of the instrument. Financial liabilities and equity inslruments are dassified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The company's policies for its major classes of financial assets and financial liabilities are set out below. Financial assets Basic financial assets, including debtors and cash and bank balances. are initially recognised at transaction pri￿, unless the a￿angement constitutes a financing transaction, where the transaction is measured at the present value of the future re￿Ipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interesl that is not a market rate. Such assets are subsequently Ca￿led at amortised cost using the effective interest method, less any impairment. Financial liabilities Basic financial liabilities, including other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction. where the debt instrument is measured at Ihe present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a markel rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Impairment of financial assets Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at cost less impaimient, the impaimient loss is measured as the difference belween the asset's carrying amounl and the best eslimate of the amount the company would re￿1ve for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impaimient loss is measured as the difference between the asset's carrwng amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impaiment loss is the current effective interest rate detemined under Ihe contract. If there is a decrease in the impaimient loss arising from an event occurring after the impairment was recognised, the impaimient is reversed. The reversal is such that the cu￿ent carrying amount does nol exceed what the caryng amount would have been had the impairment not previously been recognised. The impaimient reversal is recognised in profit or loss. Page 15

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.8 Financial instruments {continued} Derecognition of financial assets and financial liabilities Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been Iransferred to another paty who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, Can￿lled or expires. Offsetting of financial assets and financial liabilities Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enfor￿able right to set off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle the liability simultaneously. 2.9 Pensions The charitable company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charitsble company to the fund in respect of the year. 2.10 Fund accounting General funds are unrestricted funds which are available for use at the discretion of Ihe trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes. Investrnent income, gains and losses a￿ allocated to the appropriate fund. Income from donatlons and legacles Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations 2,498,821 2,498,821 1,355,351 Total 2023 1,355,351 1,355,351 Page 16

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of grants Grants to Institutions 2024 Total funds 2024 Total funds 2023 Grants 2,117,945 2,117,945 1,575,228 Total 2023 1,575,228 1,575,228 All grants during the year were made to The Anglo Amerian Charitsble Foundation Limited. Analysis of expenditure by activities Grant funding of activities 2024 Support osts 2024 Total funds 2024 Total funds 2023 Charitable grants Support costs 2,117,945 2,117,945 89,247 1,575,228 64,903 89,247 2,117,945 89,247 2,207,192 1,640,131 Total 2023 1.575,228 64,903 1,640,131 Page 17

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by activities (continued) Analysis of support costs Governance costs Total funds 2024 Total funds 2023 2024 Staff costs Bank charges Audit fees 50,761 196 12,449 1.766 319 2,038 16,012 5,706 50,761 196 12,449 1,766 319 2,038 16,012 5,706 32.197 248 8,250 11.747 152 2,466 7,072 2,771 Legal and professional Misc expenses Foreign exchange losses Office expenses Insurance 89.247 89,247 64.903 Total 2023 64,903 64,903 Auditor's remuneration 2024 2023 Fees payable to the charitable companvs auditor for the audit of the charitable companls annual accounts 9,828 9,450 Staff costs 2024 2023 Wages and salaries Contribution to defined contribution pension schemes 43,033 7,728 30.050 2,147 50,761 32.197 The average number of persons, excluding trustees. employed by the charitable company during the year was as follows= 2024 No. 2023 No. Administration Page 18

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff costs (continued) No employee received remuneration amounting to more than £60,000 in either year. The trustees are considered to be the key management personnel. Trustees. remuneration and expenses During the year, no trustee received any remuneration or other benefits (2023 - £NIL). During the year. no trustee expenses were incurred (2023 - £NIL). Debtors 2024 2023 Other debtors Prepayments and accrued income 15,328 60.000 6.223 75,328 6.223 10. Creditors: amounts falling due within one year 2024 2023 Trade creditors 2,280 4.084 9,000 14,550 Other creditors Accruals and defe￿ed income 15,070 17.350 27,634 11. Share capital 2024 2023 Shares classified as equity Alloted, called up and fully paid 1 {2023.' 1) Ordinary share of £1 Page 19

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Statement of funds Statement of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Income ExpendSture Unrestricted funds Share capital Reserves 138.784 2,500,854 (2,207,192) 432,446 138,785 2,500,854 (2,207,192) 432,447 Statement of funds - prior year Balance at 31 December 2023 Balance at 1 January 2023 Incorne Expenditure Unrestricted funds Share capital Reserves 421,772 1,357,143 (1,640,131) 138,784 421.773 1,357,143 (1,640,131) 138.785 13. Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net incomel(expenditure) for the year (as per statement of financial activities) 293,662 1282.988) Adjustments for: Bank interest received (Increaselldecrease in debtors (Decreasellincrease in creditors (2,033) (69,105) (10,284) (1,792) 134,830 10.709 Net Gash provided byl{used in) operating activities 212,240 1139,241) Page 20

Docusign Envelop8 ID.. 9B65C147-C7514548-8F26481A78AA521F THE ANGLO-AMERICAN CHARITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Analysis of cash and cash equivalents 2024 2023 Cash in hand 374,469 160,196 Total cash and cash equivalents 374,469 160,196 15. Analysis of changes in net debt At1 January 2024 Cash flows At31 December 2024 Cash at bank and in hand 160.196 214,273 374,469 160,196 214,273 374,469 16. Related party transactions The charitable company has taken advantage of the exemption contsined in FRS102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group. During the year the Charitable company r￿1Ved aggregate donations from trustees amounting to £Nil (2023. £Nill. During the year, the charity incurred expenses of £3.600 (2023: £3.600) for use of office owned by HoNich Law Limited, a company of which Stuart HO￿lCh is a director. As at the reporting date £2,700 (2023= £3,600} of this amount is included within accruals. 17. Controlling party The immediate and ultimate parent undertaking and controlling party is The Anglo-American Charitable Foundation Limited, a US public company with a registered number of EIN 43-2031982. The Angl(>American Charitable Foundation Limited is a donor advised charity for US citizens who are resident in the UK. Group financial statements are not prepared. Page 21