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