PROSPER SOCIAL FINANCE CIC

Company limited by guarantee

Company Registration Number:
SC588686 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

PROSPER SOCIAL FINANCE CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PROSPER SOCIAL FINANCE CIC

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 28 February 2024

Grace Gubbay


The directors shown below have held office during the period of
1 March 2023 to 19 May 2023

Matthew Hales
Kyle Valentine


The directors shown below have held office during the period of
19 May 2023 to 28 February 2024

Harvey Graham
Aaron Jimenez


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
27 February 2025

And signed on behalf of the board by:
Name: Grace Gubbay
Status: Director

PROSPER SOCIAL FINANCE CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 1,227 1,713
Gross profit(or loss): 1,227 1,713
Administrative expenses: ( 709 ) ( 1,067 )
Operating profit(or loss): 518 646
Profit(or loss) before tax: 518 646
Tax: ( 75 ) ( 123 )
Profit(or loss) for the financial year: 443 523

PROSPER SOCIAL FINANCE CIC

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 56,805 53,175
Total fixed assets: 56,805 53,175
Current assets
Cash at bank and in hand: 3,888 7,518
Total current assets: 3,888 7,518
Creditors: amounts falling due within one year: 4 ( 98 ) ( 123 )
Net current assets (liabilities): 3,790 7,395
Total assets less current liabilities: 60,595 60,570
Creditors: amounts falling due after more than one year: 5 ( 50,000 ) ( 50,000 )
Total net assets (liabilities): 10,595 10,570
Members' funds
Profit and loss account: 10,595 10,570
Total members' funds: 10,595 10,570

The notes form part of these financial statements

PROSPER SOCIAL FINANCE CIC

Balance sheet statements

For the year ending 28 February 2024 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 27 February 2025
and signed on behalf of the board by:

Name: Grace Gubbay
Status: Director

The notes form part of these financial statements

PROSPER SOCIAL FINANCE CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 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

PROSPER SOCIAL FINANCE CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

PROSPER SOCIAL FINANCE CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Fixed assets investments note

Investment valuation@ 28 02 2024 was £56,805 - this includes a revaluation of £3,630

PROSPER SOCIAL FINANCE CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 98 123
Total 98 123

PROSPER SOCIAL FINANCE CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 50,000 50,000
Total 50,000 50,000

COMMUNITY INTEREST ANNUAL REPORT

PROSPER SOCIAL FINANCE CIC

Company Number: SC588686 (Scotland)

Year Ending: 28 February 2024

Company activities and impact

We continued our operations in providing training to students on the basis of socially responsible investing. In the year ending 29 02 2024 we trained a significant number of students. We continue to increase out outreach to a wide range of students from different degree backgrounds. We made sure to respond to global matters that shaped the 23-24 year. We continue to expand and diversify our investment portfolio, and to add holdings in sustainable publicly listed entities. We have divested from companies we believe deviated away from their sustainability and social impact promises.

Consultation with stakeholders

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. 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.

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
26 February 2025

And signed on behalf of the board by:
Name: Ethan Cohn
Status: Director