Accounting 101, capital items do not count towards profit.
> So the business model is asking users for a donation? This sounds more like a non-profit to me.
It is a non-profit! https://en.m.wikipedia.org/wiki/Scott_Trust_Limited
> So the business model is asking users for a donation? This sounds more like a non-profit to me.
It is a non-profit! https://en.m.wikipedia.org/wiki/Scott_Trust_Limited
HSBC and the sham of Guardian's Scott Trust
https://www.jonathan-cook.net/blog/2015-03-03/hsbc-and-the-s...
The following is quoted in the piece:
> The Guardian is not owned by a trust at all. In 2008, “the trust was replaced with a limited company” that was accordingly re-named “The Scott Trust Limited.” Though not a trust at all, but simply a profit-making company, it is still referred to frequently as ‘The Scott Trust,’ promulgating the widely-held but mistaken belief in the Guardian’s inherently benign ownership structure. … The problem, of course, is that the Guardian functions under the same sort of corporate structure as any other major media company.
According to companies house, they're limited by shares (1000 of which have been issued, with a nominal value of 250,000).
Have a look at any of their confirmation statements or incorporation: https://beta.companieshouse.gov.uk/company/06706464/filing-h...
Technically yes and no. The initial capital amount does not, but its amount gets depreciated/amortized over time.