Financials202105

Financials May 2021

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: £19,643.42

• Current Account: £5,121.00
• Petty Cash (approximate): £28.47
• Paypal: £401.05
• Deposit Account: £14,092.90

Liabilities: £27,474.06

• Out of Hours Deposits (approximate): £5,500.00
• Business Rates: £17,480.00
• Visor Project Surplus: £4,494.06

Money Owed: £1,920.00

• Outstanding Invoices 10th May: £1,920.00

Notes of interest

Reasonable month, sales up although all mailbox invoices are repeats that have not been paid. Likely a loss taking into account unpaid invoices and business rates payment. Bank accounts down month on month.

Income/Outgoings

Turnover: £5,599

• Sales: £5,599

add Other Income: £62

• Grant Income: £62

less Cost of Sales: £347

• Materials: £347

less Admin Expenses: £2,904

• Office Costs: £757
  • Electricity (April usage): £406.86
• Rent: £1,740
• Computer Software: £122
• Internet & Telephone: £207
• Subscriptions: £72
• Bank/Finance Charges: £6

less Staff Costs: £525

• Salaries: £525

Operating Profit: £1,884

Generated from a FreeAgent report exported on 2021-06-15 17:56:48 +0100, also summary financial-summary-202105.yaml

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