Charity registralion number 242436 Company registration number 00075713 {England and Wales) THE INCORPORATED ANGLO.AMERICAN MEDICAL ASSISTANCE FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND LEGAL AND ADMINISTRATIVE INFORMATION TTUStees Rev. M 8eff&)s Mr D Carroll R9v. Cgnon J W Kilgore Mr J McGhi8 Ms O Pereira Rev. R Waffen (Appointed 20 June 2024) IAppoinled 20 Juno 2024) (Apwinled 20 June 2024) Secretary MSA Mand)éè Treasurer Ms. S Cicthllni Charity number 242436 Company number O(KJ75713 Prineipal address Sl Pauls wlhin the Walls Via Nawli 58 00184 Romè RM Italy Regi5tertd office clo Penninglons Manches LLP 125 Wood Stre91, London England EC2V 7AN Independent examiner Moore (South) LLP 9 Sl Johns Plac8 Newport Isle of Wight P030 ILH Bankers Cothts & Co 440 Strand London WC2R OQS
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND CONTENTS Pagè Trusle8s iepMNt ItKlependerTrt eXallnerf5 repM)rt sktemenl of fin8nryal activiligs Balancd shegl Notes lo Ihe finarri81 statements 8-13
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND TRUSTEES REPORT IINCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Tho liusle85 Pfosenl thgiT annu81 reFK)rt and financial stslemenls for Ihe yeai ended 31 December 2023. This Truslo8s ReFK)rt also meets Ihg fgqui18menls of a Directors. Rewrt for Company Law. The ftnanc4al slalemenls have boen prepared in accordance with th6 accounting policios sèl out in note 1 to the rii)ancial slal8menls and (x)mply willi lh8 charit$ Artides ofAssocialion, Iho Companias Act 2006 and 'Ac(xJunling anil R8sN)rling by Chafits8s.' Slalemgnl of Reo)mm8rKled Piacti( appli(zbl8 to Ghaiilles Pfepating iheii accounts in accordanc8 wilh Ihe Finan(xal Rwrting Slandard appllcable in the UK and RepubliG of Irgland (FRS 102). leffocliv8 1 January 20191. Objectives and aelivttles 1. Tlie Furwj was incorwTaled in England in 1902 as The IrM))ItxYal8d AngIAellean Nuising lJrrbg (the word "Itmiled" being omiltod by Itcence of th8 Board of Tradol. 8llofly. Iho main origlnal objecls woro.. (al To tak8 over Ihe ATrJlovAmeri(an Nursing Home in Rome, Ilaly and lo cairy on Ihe sa¥¥J8 on an absdulely unsectarian basis lo provide fr9& hospllal 8C(x)mmtKlallon for the tKM)r of 81ilish afKF American naltonality. Ibl To rènder assistance lo persons of 81itish and American nalH)nality in Italy who are in ill h8allh and who in Iho opinion ol the FurKt's manageNnI aro deserving of assistance. 2. By a Royal Decree issued by Ihe KWM of Ilaly on 17 July 1903 the Fund was rocoJnlsBd as an 'Enle Morale" Inon-profil organisalion). 3. Fdlowing the sale of th8 nursing home, the name of the Fund was chang&d on 15 May 1974 lo"The IncorpcKal8d AngIAMerift Madithl Asslsl8nce Fund- and th9 avoilablè funds wwe invested in fiisl dass s8(yJritios. Objoci lal describ above was Ire(01 tK> k)nggr applicablg. 4. The Fr'S govevning document, UFKJaled in Dernbel 2019, is the Ar11d ol Association. Thes8 proVQ that adtninisltalion of Ihg Fund shall carried out by a General Council whith shall alecl a Boaid ol Tiusloos and shall aptxjinl a treasurgr. 5. TheArtides ofAss31i0n stale. inter alia. Ihal: {a) the i¢0M8 and property ol trto FurKI ran only be used for th9 piomolion of Iho objIS ol the FurKI and; {b) m8mbors ol the Fund cannot obt8in 8ny profil {diwdends, IM)nuses. elc.) bul can b8 remuneral8d for services rendered. 6. A list ol Truslees wtrK) served throughout the accounting year. and up lo the date ol this rep)rt is provided beh)w. 7. The FU'S baiik81 and inveslmgnl manager is Coulls & Co. 440 Slrand, London. Payffl&nls lo benef13[19S in Italy are fftad6 di18clly Irom the Fund's on.lin8 bank arUnt wilh Coutts in Lon(lon. The main purpos8 and activity ol the Fund Is lo rander assisiance lo American and Bnlish citizens in Ilaly in COnn8clion with hardship arising Ifom ill Iioalth. I)ur1 the yeais efKled 31 December 2023 arKI 2022, (*arilable granls ww8 awarded as lollows". 023 7.500 022 1A43 rants 811 Ital Publie benefjl The INslo8s have paid due regard to guKFance issued by Ihe Charity &immissb)n in deciding Ial activi118s ihe charily sh>uld undertake.
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND TRUSTEES REPORT IINCLUDING DIRECTOR'S REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and perfomiance Swnificant aelwitss and achi&v8ments &gainsl objoclivfjs Th9 Fund r6 invested with Coults in a diversif5 invoslmenl plaii call8d 'Weallh Enhancamènl Mediuvn TeTrri.' Tlie Inveslmenls generaled investment inrne fA)mprising é19,426 from divKlends and lisleil investmenls12022 - 17.800), and E25,259 Ironi inl6resl12022 . ES.4521. That investmevil incorne allowe(i the Twsl to make gfanls lo indivKluals lolalling f S7. In Iho porkKI12022 - E61,4431. Financial review Investment income p8m)itted paym8nls of grants lo individuals in Ihg year as rngnlwjned aix)v8. The tnaikel valua ol OUT investments also grew by É146,927 duting the year {2022 d8crea58d In value by 307,0901. Therelofe Ilia Charity ieporled an overall surplus of E146,927 in Iho year12022 - darAl E307,0901. Th closing vali18 of investments were £1,71)0.405 (2022 - É1.535,3331, and lolal unreslricted funds ol lh9 dwrity induding currant a&sèts Induding bank and (zsh were E1.742,220 (2022- E1,625,0421. The Chatity has no ¥esliicied or erKIowTNenl funds. ReseN8s policy The Truslees consider the amount ol the unreslricled reserv85 less any (xJmmilled eyndilure lo be the fr80 T8seNes ol Ihe Charity. MajoKrisks The Board of TnJ518es constantly Taviews Ihe InajoT risks lo which the Fund 15 exposed. Where 8PPTopriale, systems or procu[e$ have b88n 8stablished lo miligale Ih8S8 risks. Tli8se ielalg lo oui inveslments which arg managod by Coutts & CA) in London. The Board ol Trusloas ioekivos quatlerly reFKMts from the inVeStnnt manag and moots oncB a ye8r wilh Coults lo r8Vi8w inv8slm8nl policy. Plans for future periods Th8 Fund plans lo rA)nliiiuè tha acl1w19 oijllingd above in the forthcxTrffling Yea Sublt lo Salislaclory resthts from its managed invaslmenls (inme arKI crtgpilal ggins}.
THE INCORPORATED ANGLO-AMERICAN MEDICALASSISTANCE FUND TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, govewnance and management The FunfS is operated in collaboiatK>n with the British and knerican consulates in Rome with the a5SiStance ol theii regional otric&s. Th8y deal diièclly Wklh cases Ihroiighoul th8 wl)018 of Ilaly. Peri(xllc vislis lo benefiryari65 aro made by consulai offiws or Iheii staff lo ascertain (hal they arè still in nwj of finaiiaal assislancA). Now cases 8r8 submittgd for approval eilher by eleclronic communicauon or at Iho sgvni-annual megtings of lh8 Boatd of Tfusloès and al tho genèral meeling of the Counal. Ono half of th8 Fund's Trusl8es fflusl bo ol Brillsh n81iona5ily 4rid Ihe olhor half of Ameiican nalionality. the Tiusloes ad on a voluntary basis. The Fund's Sectelary, Ms. Andrea Manchée, and the Treasur81. Ms. Simonella Ciccolini, ieceive a nominal fee lor Iheif semces. The Treasurer keeps th8 acrLunttng reeoids, prepai8s Ihe financial slatomenls. drafts the Trusleés, aiinual reFX)rt and liais8S Wslh Iho indewndenl exafniners. The Chair and Seci&lary liaise will) the Funrfs banker and portfolio managei In London. The Fun(fs bankeTS in London manage the portfolio ol inv8slments and hold the securities in safe custody. The inv8slmonl policy 18 reviewed froin lime lo lim6 by a panel of Irusleès in consultatlon with IhB p)rtfolio manager. For inleinal control putSM)Sg9, no amounts can b8 pald out oi Ir8nsf81r Iiom lh9 Furyj's bank account8 tsnless the ch8ques or Iiansfei reqii851s ar6 signed by any two ol three IrLFS18es cuirenlly in Olf whose signatures hav9 been I1ged with the bank. The Trusle8s ¢JMsidgr Ihal lh8 inlemal rA)ntrols oullined above are suificxgnl lo provido rea1}abl9 PFolection of the Fund's assets. Thg Lharity is incoiporalffil as a company liffliled by guaranloe wilh Companies Hoiise under number 242436. As such nona of th8 Tiuslges has any beneficial inlei8sI iii th6 ch81itablè (x)mpany, bul Ihe Trusloes are also Ihg memb8rs ol Ihe coinpany. In thg eVglIt of a Wbnding up of the charitab19 (X)tnpany. thg memb8rs have guaranteed lo contribulo the sum of E1. The truslees, who aig also lh difeclors loi Ihf) puiposa of company law. and WI s8N8d during Iho year arKI up to Iho dale of signalure of the financial stalemenls wer8.. Rev. M Berrios (Appolnled 20 Juno 20241 Mi D Carroll Rev. Canon J W Kilgore Mi J mhr Ms D Pereira Rev. R Wguen Rev S P Polroff R8v O Pratl Morris.Chapman Rov A Rios (Appointed 20 June 20241 (Appolnlgd 20 June 20241 (R8sign 23 May 2023) (Rgsignod 23 May 2023} IRe5igned 29 Febtuary 20241 R8cmifment and apwnlmenl of twstoes Tiusl8es are 818cl8d in accordaTice wilh the Articles olAsgxialion as amended 1711212019.
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Tiuslees report ¥WdS approved ty the Board of Trnstees. Mr J McGhie Trtsstee 13 0Mber 2024
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND I r8Wrt lo Ihe Iwslees on my examifialN)n of th8 financial slatem6nls of Th& InrA)rrx)ralod AThJlo-Ameri(xn medir1 Assistanco Fund Ith8 charityl lor the year end1 31 December 2023. Responsibilities and basis of report As the tru51&es of the charity land also ils diroclors for the Fmirwses ol company law) you are responsible foi the prepafalK)n of the financtal sl8lements in accoTdanc8 with th8 requirements ol the Companies AGI 2006 {Ihe 2006 Act). Having satssfied myself that lh8 financAal siatements of Iho charity are not requiied to audiled under Part 16 of the 2006 Act and afg eligible ind8pendenl examination, I roFK)rt in respect ol ffly examination ol the chafity's financAal slalemenls ca¥ried out und8r section 145 of the ChaTili8s Act 2011 Ilha 2011 Act). In carrying out my oxaminaiion I havo followed all tha appllcab19 Direclk)ns given by tho Lharity CofflmissioFI und8r sgclior¥ 145{5llbl of thg 2011 Act. Independent examlnerfs statement I have completed my 8xaminat#)n. I confimi Ihal no matteTS have com9 to rny attention in COnnlI0n wilh ihe examination giving me cause lo believo that in any material respect: accounling rgcords were rbot k&pl in iespocl of the charity as required by seclion 386 of Iha 2006 Act. or Ihg finan(xal slalomenls do not accord %wlh Ihosg feC4Mds; or the financial stal8rnenls do not comply with the accoun11 roquiremnls ol s8Ctlon 396 of Ihe 2006 Act other Ihan any reqiiiremenl that the accounts givo a Iruo and fair viow whiih18 rK)l a maller (x)nsi(leied as part ol an indepondènl oxainination., or the fina[184 slatgmenls havg n(A been prepai8d in a(xordance with the m81hods and prindplos of lh8 Sla19rnenl of R8commended PraclKe for acUntIng and rotM)Ilirw by tharilies appliGabl& lo charilles prepaTing their anIS in accordance wtlh Ihe Finan(aal Reporting Slandard applicable in Ihg UK and Republic of Ireland IFRS 1021. I hav8 no concerns and hav8 me acrogs rKJ other matters In connection with Ihb gxaminatioTb lo which attention should be drawn in this r8P)rt in ordor lo enable a propgt undeislanding of Ihg finarbcial slalgm8nts lo b9 feath8d. - ((a) KR Cooper 8A FCA DChA For and on behalf of Moore ISouth} LLP 9 Sl Johns Place NevyoTI Isle of Wight P030 1LH
THE INCORPORATED ANGLO.AMERICAN MEDICAL ASSISTANCE FUND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Unrestricted funds funds 2023 2022 Notes Incorne f¥om: Donalions and legaoes Invoslmenls 1,100 44,685 1,000 23,252 Totsl Income 45,785 24,252 Expendiiure on". Raising funds Chafilab18 aclivilies 9,255 65,412 9,601 69,059 Total expen(rrture 74,667 78,660 Nel gain81(k)ssesl (K) investfnenls 12 146,927 1307.0901 Net incomel{expenditurel 118,045 1361.498) Other recognised gains and losses: Other gaIn(losSOs} 14 133 12651 Net movement in funds 1q8,178 1361.7631 Re¢on¢iliation of funds.. Fur balanc9s dl l January 2023 1,625.042 1,986,805 Fund balan¢e¥ at 31 December 2023 1.743.220 Th& statement of fillaal 8clivi¥es includes all gains a[ losses iecognis8d in the year. All income and exp8ndilur8 derive from conunuing aGtiviligS.
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Plotes Fixed assets Invoslmenls 15 1.700.405 1.535,333 Current assets Cash al bank and in hand 45,941 91.934 Creditors: amounts falling due withln one year 16 {3,126) 12.225) Net euNent assets 42.815 89,709 Total assets less currènt liabilities 1.743.220 q,625,042 The funds of the charity Unreslricled lunds 17 1,743,220 1.625.042 1,743.220 1,625,(H2 Th8 company Is gnlilled lo tho exemplHJn from the audit requirement contalned in sectk)n 477 01 Compantes Act 21N)6. lor Iha year ended 31 December 2023. Th8 dirlOr a(1geS his Tesponsibilili8s for o)mplwng with thè tWUifernents of Companies Act 20 with resit lo acc(MJnling rec(Kds and the prepafaIiC of financial slalements. Th8 [THllrS havg not rfjquired Iho company lo oblaln an audit of its finan(ial slalemenls for the year in queslicfft in accorda with secti)n 476. Th9se financ¢al slalem8nls hav8 b88n prBp819d in aiwr(i8nce wilh the provisions applicabl8 lo cA)mp8nles sufyect lo Ihg sinall o)mpanios regline. The finanaal slalem8nls wgrè approved by the Irustegs on 13 Dec8mb8r 2024 , J,, 6. M"41 Mr J McGhie Trustee Company regislTatk)n numb8r Crt)075713 (England arKI Wales)
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policieg Charity inf0Mli0n The IncJ)ikK)iale(i Anglo-Ameacan Medical Assisiance Fund is a privalo company limited by guarantee incorpoialed iii England 8nd Wales. The registered offic& cjo PBnninglons Manches LLP, 125 W(M)d Slroel.. London, EC2V 7AN. Ewland. 1.1 Accounting conventlon The financial slalemenls have been prepared in aco)rtlanrk wlh Ihe charlvs AdeS ol Assoctation. the Companies Act 2006, FRS 102 "The Fir¥ancial Roporting Standard applicats in th8 UK and Republic of Irgland- I"FRS 102") and the Chxritias SORP 'AcrA)unling and R8[x)[li by Charities- Slaleinenl of Recommended Practi applicable to charilies prepaiing Ihair accoiints in acan wlh Ihg Financial Reporting Standard applicable in th8 UK and Republic of Ireland {FRS 1021. leffeclive l January 2019}. Th8 charity is a Public B8n8fil Enlily as d8fin8d by FRS 102. Th8 charily has laken advantage of th9 provisions in Ihg SORP for (liatilies not lo prepare a Slalemonl ol Cash Flows. Tlio fiiiancial Stalennts a19 piepafed in euros. which is the lut)ctional currency of the charity. Monetary amounls in these fanCIal slalemenls ale rounded lo the nearesl E. The finawal slalernenls have b8en prepared Urer tho hislorfcal cost convention, mod[rd lo indude th8 1gvalualMm of fixed assel investments al fair value. Lisl8d invBslfftenls ale induded at cuffenl value with rh8 change in valu8 iefl8cled in Ihe Slalomonl of FlnancAal Acllvitias. 1.2 Going concern Al the timg of apptoviru Ihg financial slalgmenls, Ihe trusleos have a raasunablB exp8clalK>n that thè charily ha8 adequate iesouices lo continue in opeialional asIence for Ihe foreseeable future. Thus th8 Ituslees conkn'nue to adopl the going conr%rn basss of accounling in preparing the fwlancial staleTnenls. 1.3 Charitabt¢ funds Unr8slricled lunds are avadablg l¢N use al the dis(¥elK)n of the Iruslees furtherance ol their tharilab18 ObltIvas. There aTè no reslvicted or erKIowTn8nl funds. 1.4 Income All inwrRing feswrces are Included In the Sialement of FinancTral Activities whgn Ihg Fund is enliiled lo the in(L)me and il be quanlff18d with roasonablo a[aCy. Bank Inleresl is induded when received. Cash donations are rec(onised on iecolpt. (Xher donations ar8 iecognis8d once Iho charity has been nolified of the donation. unless peilomance condttions iequii8 d8feTtal of th6 amount. 1.$ Expenditure Expenditure is te(x)griisad on an a(xru* basrs as and when a liability is incurred. Expondiluro indudes any Valuo Ad(led Tax whi(J) cannot be recov&red and 18 mtmvled as part of the expenditure lo which il iela19S. 1.6 Fbxed asset investments Fixed asset invastmonls aro Inlllally mea8urod al IransadK)n gxcluding Itansaclion (Thls, arKI ar8 siib8oquenlly m8a5ur6d al laii value 818ach 1gporlir¥J dale. Changgs in fair value are rec(onised in not inrxHnel{expendilurel for lh8 yeai. Transaction costs are expensed as inajrrwj.
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.7 Cash and cash equivalents Ct]sh arKI cash equivaleTtls indude cash in hand, d8ty)sil$ held at call with banks, other short-lerm I1vId invftslmenls wlh otToiiial Inaluiilies ol Ihf8e months or less. and bank overdrafts. Bank overdrafts are shown with7 borrowings In curi&ril liabilits'8S. Bask Ilnanci•l assets Basic finanaal assets, whiGh illclude debtors and cash and bank balan9, are inilially measured al transaction pricA indvding transaction u)sls and ale subsgquenlly caifted al amotlised cost using lh6 offoclive in18Test method uwilos8 the arrangement constilules a financing transaction. where the Iransaclion is Measur al the pi8sèTrI valuo ol tho fijlure receipts dISunted al a mark81 ia18 01 inl818sI. FinancAal assèis dassifigd as r9Cgivable wilhin on8 year ar8 not amo¥lised. 8aslc finaftclal liabllities Basic financial liabilities, induding c[11[0[S and bank loans ai8 inilially recwni5ed al transaction Prke unloss Ihe arrangomnt conslilules a finanung Iransa¢ti(M, wherg the debl inslrumenl is measured al th8 present value ol the fulute paymenls discounted al a market rale of interest. Financial liabilities dassified as payablo wilhin on8 yeai are nol arvK)rtiseil. 1.8 Taxatlon No incx)me lax was withhekl 011 inl8rg51 raceiv8d Iioffl dirocl investiTnIS in Euro bonds. Tho Fund is a r813¥]nised charity and Is exempl from U.K. income lax undgf the Corporation Tax Acl 2010 on tho basis Ihal Iho actlvilies ale enliiely for charitable puttx)sgs. Dlvklends a1 inlwe$l rec8ivgd froffl invgslmenls in Coulls co118Ctive investm8nl programm88 are not of wilhholdiro taxes appl1 by th8 countries whore the inv8slmonls are hekl. Thoso lax95 [)1 be r8(x)vg19d. The Chatlty is nol iegislered for VAT. arKI all 8XFM>ndiluro Indudas I[rVerable VAT where incurted. 1.9 Foreign ex¢hange Th& accounting recofds are kept in Euros and the financial slalemenls ar8 expressed sn Euros (rnd to the neargst EuToI tWUSg Ihe Fund's charitable aclivili8s are c8rrif3d out anbrely in Ilaty and payments lo beneficiari85 are mad8 in Euios. Transactions in foreign curtencies weTe Iranslaled into Euros at the ralg 01 exchange ruling on the dale they lTh)k place. All foreign cuirency assals and Ilabilltlès al 310ocember 2022 have been Ifanslaled inlo Euros at the (ales of exchange ruling on that dale. Criti¢al accounting estimates and judgements In the applicaiion of the charity's 8(fA)untiiig wlirAes, the itustees alè required lo make jwjgements. estimates and assurnplM)ns aboul the cariying anKJunt of assgls arKI liabilities Ihal are not readily apparent from olhei sources. The estimates and associated assumpl¥)ns are based on hisloriL31 experionce and olhei fadoFS (hal are consldered to be relevant. Actual rosults may dtller from these estimates. Tho oslim81es and Ur8y5ng assumplions ar8 reviewed on an ongoing basis. RevisM)n5 to a¢n.g eslimalgs are Tecognised in the per1j in whith Ihe estsmale Is revised whero Ihg revislon affect5 only Ihal peri(KJ, or in the pericKI of Ihe revision and fulure periods whero the revigk)n affects LK>lh Current and future perf(¥Js.
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donations and legacies Unrestrlcted Unre$tri¢ted funds funds 2023 2022 Donations and gifts 1.1 Income from investments Unrestrfcted Unreytrlcted funds fund$ 2023 2022 Incomo Irom lisled inv8slmefits Inleresl receivable 19.426 25,259 17,800 5,452 23,252 Expendlture on ialslng fund$ Unrestricted Unrestricted funds funds 2023 2022 Invgslmenl management 9,255 9,601 Expendlture on tharitable activities Charitablt aetivitie$ 2023 Charitable activities 2022 Direct costs GT8nl IVlIag of activities {se8 r18 71 57.$)0 61,443 Shale of support and govemance costs Isee nots 81 SuprK)rt Govemanc8 5,125 2.787 6.6(K 1,016 65,412 69,059 Analysis by fund Unr8slrK18d funds 65.412 69.059 10-
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Grants payable Charitable activities 2023 Charltable actlvities 2022 Grants to irKlividuals 57.500 61,443 Support costs allocated to activitie$ 2023 2022 Sgcfetary's fees arHJ eyns65 Tieasurw's fees arml ex$eS Olhef charges G0Veman ¢osLs 2,0 2.475 650 2.787 2.525 2.075 1,016 7.912 7.616 Anatysed behyeen: Cliafilable aclNIIio9 7,912 7.616 2023 2022 Go¥em•n¢e ¢osts comprise: Audit fees Govemance cos Independent examinalton 987 16 2.787 1,016 Net movement In funds 2023 2022 Tho net movemenl fund8 1$ siatgd aftei chaFgirWlcredilingl: Fees payable for the independenl ex8minalion of lh8 charivs financial slaleinenls 10 Trustees Not ol tha liuslees (ot any pBrsons rAJnn8clwJ wlh them) ieceived any remun8ralion or benefits from Ihe cliarity duriThJ the year. 11
THE INCORPORATED ANGLO.AMERICAN MEDICAL ASSISTANCE FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Employees Thg average )nthlY numbei of employees during Iha year was: 2023 Numbet 2022 Number Tolal Ther8 wera no empk)y89s whos8 annual remunefalion was mora Ihan É60.0(M). 12 Gain5 and1055es on investments Unre5tri¢ted Unrestricted funds funds 2023 2022 Gainslllossesl 8rising on: Revaluation of invgslmBnts Sale of investmanls 177,053 (30.126} 1282,.fj56) {24.5341 146.927 I307.0) 13 Taxation The charity is exempl from laxalion on ils actlviues bo(xuse all ils IncA)me is applied lot chatitable purSe9. 14 Other gains and losses Unrestricted Unrestricted funds funds 2023 2022 G8inslllosses} UFNJn: Foreign exchang {1331 265 12-
THE INCORPORATED ANGLO-AMERICAN MEDICAL ASSISTANCE FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Fixed asset investments Listed investments Cost or valuation Al 1 January 2023 Additions Valuation chang08 DisrK>sals 1.535.333 962,199 177.053 I974.1) Al 31 Drnber 2023 1,700,405 Camiing amount Al 31 Dec8mtknr 2023 1,700.405 Al 31 DOnI)br 2022 1,535,333 16 Creditors." amounts falling due withln one year 2023 2022 AcrAuals and deferrèd incorng 3,126 2,225 17 UNestricted fundg The un18slticl80 funds ol Ih8 chaiity comprise the urbexp6nd8d balances ol donations 8nd gr8nls which aTe nol subi&cl Io SP8CAfK wrKlilvin5 by donors arKI granlors as lo how Ihey may b& u$8d. At 1 January 2023 Inc¢)ming Res¢)uree$ resourGe¥ expended Gains and losses At31 December 2023 General lunds 1,625,042 45,785 {74.667) 147.060 1,743,220 Previous year: At 1 January 2022 Incoming Resour9 reSQUfce$ expended Gains and losses At31 De¢ember 2022 Gengral funds 1.986,805 24.252 178.660) {307.3551 1.625,042 18 Related party transactions Thefo Wgré no disCk)bI8 rolatwJ party Iransaclions duting Ihe year {2022- none}. 13-