for the Period Ended 28 February 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 28 February 2023
Directors
The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023
The directors shown below have held office during the period of
1 March 2022 to 19 May 2022
The directors shown below have held office during the period of
19 May 2022 to 28 February 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | |
Profit(or loss) before tax: | | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Investments: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | ||
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 5 | ( | ( |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 28 February 2023
Basis of measurement and preparation
for the Period Ended 28 February 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 28 February 2023
Investment Valuation at 28 February 2022, £48,455.24Additions, £5,466.13Fair Value Adjustments, (£280.49)Value at 28th February 2023, £53,174.75
for the Period Ended 28 February 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Taxation and social security | | |
Total | | |
for the Period Ended 28 February 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Other creditors | | |
Total | | |
We continued our operations in providing training to students on the basics of socially responsible investing. In the year ending 22/02/22, we trained 48 students with a significant number of them continuing their involvement in the operations of our company. We continue to increase our outreach to a wide range of students from different degree backgrounds. As Prosper, we made sure to respond to the global matters that shaped 2023. We established Women in Prosper, an event that allows women to feel included in a traditionally male dominated field. We continued to run our Senior Analyst program which focuses on generating positive social impact in the Edinburgh community and providing financial literacy programs for different groups, including to students. Alongside, we worked on a pathway for the long-term strategy of our company to solidify how our proceeds will be redirected to the community when we reach our 5-year horizon. We implemented our first “Impact Grant” with Invisible Cities - a social enterprise that trains people who have experienced homelessness to become walking tour guides of their own city” - giving a £500 pound grant biannually alongside volunteering and raising awareness of their work within Prosper. We continue to stay closely involved with the “Good Stuff Network”, a hub for social enterprises who operate in Edinburgh and delivered a talk at one of their events. As outlined by our strategy, we expanded and diversified our investment portfolio by adding new holdings in the best sustainable publicly listed equities following the stock pitches delivered by the students we trained. We have divested from companies that we believe deviated from their sustainability and social impact promises after discussions within our management team.
The company’s main stakeholder continues to be the University of Edinburgh. We reported our activities, achievements and goals to them through a publicly available annual report which was shared on our website after the tax year in May 2023. We met regularly with the University of Edinburgh and held discussions on how to strengthen our activities focused on generating social impact in the greater community. The University of Edinburgh kindly offered us feedback on our activities, and guided us on how to mitigate the operational challenges caused by the continued impacts of the pandemic and high interest rates.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
27 November 2023
And signed on behalf of the board by:
Name: Grace Gubbay
Status: Director