Financials202012

Financials December 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: £20,548.98

• Current Account: £6,160.58
• Petty Cash (approximate): £131.07
• Paypal: £169.77
• Deposit Account: £14,087.56

Liabilities: £19,587.99

• Out of Hours Deposits (approximate): £5,300.00
• Business Rates: £14,287.99

Money Owed: £1,409.00

• Outstanding Invoices 19th January: £1,409.00

Notes of interest

Still nothing too notable, a few unusual incomings as we've had a few donations and one member paid for three months in advance. Only unusual outgoing was sublimation ink.

Income/Outgoings

Turnover: £6,613

• Sales: £6,613

add Other Income: £302

• Grant Income: £302
  • Furlough Payment: £128.96

less Cost of Sales: £239

• Materials: £239

less Admin Expenses: £3,026

• Office Costs: £946
  • Electricity (November usage): £332.44
• Rent: £1,740
• Computer Software: £109
• Internet & Telephone: £141
• Sundries: £75
• Bank/Finance Charges: £15

less Staff Costs: £525

• Salaries: £525

less Bad Debts: £10

• Bad Debts Written Off: £10

Operating Profit: £3,113

Generated from a FreeAgent report exported on 2021-01-19 16:05:50 +0000, also summary financial-summary-202012.yaml

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