Financials202007

Financials July 2020

A breakdown of our finances for the month.

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Summary

The following reflect the overall status of the finances at the end of the month.

Current Assets: £21,766.43

• Current Account: £19,147.09
• Petty Cash (approximate): £65.59
• Paypal: £466.19
• Deposit Account: £2,087.56

Liabilities: £27,135.00

• Out of Hours Deposits (approximate): £4,800.00
• Business Rates: £22,335.00

Money Owed: £1,433.00

• Outstanding Invoices 10th August: £1,433.00

Notes of interest

Income is holding steady quite well. We continue to do well from mailboxes, making nearly £900 this month. Workshop membership also starting to get close to matching what we earn from permanent desks. As ever this report isn't fully indicative as some of the invoices won't have been paid yet and payments on old bills (e.g. rates) also don't show up. Our assets month-to-month are around £600 more, although again that also doesn't paint the whole picture.

Income/Outgoings

Turnover: £4,948.00

• Sales: £4,948.00

add Other Income: £1,377.00

• Grant Income: £1,377.00
  • Furlough Payment: £1,121.95

less Admin Expenses: £2,394.00

• Office Costs: £327.00
  • Electricity (June usage): £213.64
• Rent: £1,740.00
• Web Hosting: £160.00
• Internet & Telephone: £126.00
• Sundries: £20.00
• Bank/Finance Charges: £20.00

less Staff Costs: £484.00

• Salaries: £484.00

Operating Profit: £3,448.00

Generated from a FreeAgent report exported on 2020-08-21 19:48:59 +0100, also summary financial-summary-202007.yaml

More information about this FinancialsReport

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