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 eXa￿llnerf5 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 AngI￿A￿ellean Nuising l*Jrrbg (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 manageN￿nI 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
AngI￿AMeri￿ft Madithl Asslsl8nce Fund- and th9 avoilablè funds wwe invested in fiisl dass s8(yJritios. Objoci lal
describ￿ above was I￿re(01￿ tK> k)nggr applicablg.
4. The F￿r￿'S govevning document, UFKJaled in De￿rnbel 2019, is the Ar11d￿ ol Association. Thes8 proV￿Q 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 ofAss￿31i0n stale. inter alia. Ihal:
{a) the i¢￿0M8 and property ol trto FurKI ran only be used for th9 piomolion of Iho obj￿IS 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 benef￿13[19S in
Italy are fftad6 di18clly Irom the Fund's on.lin8 bank ar￿Unt 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 I￿al 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 diversif￿5 invoslmenl plaii call8d 'Weallh Enhancamènl Mediuvn TeTrri.'
Tlie Inveslmenls generaled investment in￿rne 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 - dar￿Al 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 proc￿u[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 inVeStn￿nt manag
and moots oncB a ye8r wilh Coults lo r8Vi8w inv8slm8nl policy.
Plans for future periods
Th8 Fund plans lo rA)nliiiuè tha acl1w1￿9 oijllingd above in the forthcxTrffling Yea￿ Subl￿t lo Salislaclory resthts from
its managed invaslmenls (in￿me 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
I￿1ged with the bank.
The Trusle8s ¢JMsidgr Ihal lh8 inlemal rA)ntrols oullined above are suificxgnl lo provido rea￿1}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 m￿hr
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 0￿Mber 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 medir￿1
Assistanco Fund Ith8 charityl lor the year end￿1 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 COnn￿lI0n 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 ac￿UntIng and rotM)Ilirw by tharilies appliGabl& lo charilles
prepaTing their a￿￿nIS 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 filla￿al 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 dir￿lOr a￿(1￿￿geS his Tesponsibilili8s for o)mplwng with thè tWUifernents of Companies Act 20￿ with
resi￿t lo acc(MJnling rec(Kds and the prepafaIiC￿ of financial slalements.
Th8 [THll￿rS 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 inf0M￿li0n
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 A￿deS ol Assoctation. the
Companies Act 2006, FRS 102 "The Fir¥ancial Roporting Standard applica￿ts 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 ac￿￿an￿ 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 Stalen￿nts a19 piepafed in euros. which is the lut)ctional currency of the charity. Monetary
amounls in these f￿anCIal slalemenls ale rounded lo the nearesl E.
The finawal slalernenls have b8en prepared Ur￿er tho hislorfcal cost convention, mod[r￿d 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 a￿sIence 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
Obl￿tIvas.
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 I￿1vId
invftslmenls wlh otToiiial Inaluiilies ol Ihf8e months or less. and bank overdrafts. Bank overdrafts are shown
with￿7 borrowings In curi&ril liabilits'8S.
Bask Ilnanci•l assets
Basic finanaal assets, whiGh illclude debtors and cash and bank balan￿9, 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 dIS￿unted 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 investiT￿nIS 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 a￿1 inlwe$l rec8ivgd froffl invgslmenls in Coulls co118Ctive investm8nl programm88 are not of
wilhholdiro taxes appl￿1 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[r￿Verable VAT where incurted.
1.9 Foreign ex¢hange
Th& accounting recofds are kept in Euros and the financial slalemenls ar8 expressed sn Euros (r￿nd￿ 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 Ur￿8￿y5ng assumplions ar8 reviewed on an ongoing basis. RevisM)n5 to a¢￿￿n￿.￿g
eslimalgs are Tecognised in the per1￿j 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 IV￿lIag of activities {se8 r￿18 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 pur￿Se9.
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 D￿rnber 2023
1,700,405
Camiing amount
Al 31 Dec8mtknr 2023
1,700.405
Al 31 D￿OnI)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 Resour￿9
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-