GEMICRO GROUP COMMUNITY INTEREST COMPANY

Company Registration Number:
10536392 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

GEMICRO GROUP COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Community Interest Report

GEMICRO GROUP COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 8,305 450
Gross profit(or loss): 8,305 450
Administrative expenses: ( 4,994 ) ( 1,226 )
Operating profit(or loss): 3,311 (776)
Profit(or loss) before tax: 3,311 (776)
Profit(or loss) for the financial year: 3,311 (776)

GEMICRO GROUP COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 1 1
Current assets
Cash at bank and in hand: 10,651 7,341
Total current assets: 10,651 7,341
Net current assets (liabilities): 10,651 7,341
Total assets less current liabilities: 10,652 7,342
Total net assets (liabilities): 10,652 7,342
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 10,651 7,341
Total Shareholders' funds: 10,652 7,342

The notes form part of these financial statements

GEMICRO GROUP COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The notes form part of these financial statements

GEMICRO GROUP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GEMICRO GROUP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

GEMICRO GROUP COMMUNITY INTEREST COMPANY

Company Number: 10536392 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

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

Consultation with stakeholders

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.

Directors' remuneration

No remuneration was received

Transfer of assets

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