for the Period Ended 31 December 2023
Profit and loss | |
Balance sheet | |
Additional notes | |
Community Interest Report |
for the Period Ended
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Turnover: |
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Gross profit(or loss): |
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Administrative expenses: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2023 | 2022 | |
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Called up share capital not paid: |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Total Shareholders' funds: |
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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 31 December 2023
Basis of measurement and preparation
for the Period Ended 31 December 2023
2023 | 2022 | |
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Average number of employees during the period |
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GEMicro Group’s main focus is on facilitating financial inclusion of low income groups. In the year ending 31 January 2023 the Company benefited the community in the following ways: Awareness raising: we carried out regular webinars for practitioners on issues such financial literacy, ethics and consumer behaviour Training: we provided online training on client protection & safeguarding, compliance management to community finance organisations Publications & advocacy: we produced a report on the creation of matching grants to support credit conditions for SMEs in uncertain economic conditions Research: we carried out further research on financial exclusion of ethnic minorities in the UK in order to support the growth of the community development finance sector
GEMicro's stakeholders are community development finance and microfinance institutions committed to providing ethical finance to excluded groups in the UK and the developing world. Through our regular webinars we solicit feedback from our stakeholders in order to design better services for them. These insights are also used to engage informally with funding bodies to influence their policy development and grant-making priority setting.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
31 March 2024
And signed on behalf of the board by:
Name: Ralf Kroessin
Status: Director