Financials202010

Financials October 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: £21,219.11

• Current Account: £6,461.09
• Petty Cash (approximate): £138.14
• Paypal: £532.32
• Deposit Account: £14,087.56

Liabilities: £22,945.33

• Out of Hours Deposits (approximate): £5,250.00
• Business Rates: £17,695.33

Money Owed: £1,236.00

• Outstanding Invoices 22nd November: £1,236.00

Notes of interest

Good sales, new permanent member and a workshop member or two. 11(!) mailbox payments. Notable outgoings are insurance and plenty of materials.

Income/Outgoings

Turnover: £6,805

• Sales: £6,805

add Other Income: £321

• Grant Income: £321
  • Furlough Payment: £221.34

less Cost of Sales: £405

• Materials: £405

less Admin Expenses: £3,787

• Office Costs: £1,023
  • Electricity (September usage): £253.55
• Rent: £1,740
• Computer Software: £127
• Internet & Telephone: £126
• Legal and Professional Fees: £36
• Postage: £7
• Bank/Finance Charges: £27
• Insurance: £700

less Staff Costs: £525

• Salaries: £525

Operating Profit: £2,409

Generated from a FreeAgent report exported on 2020-11-24 20:18:14 +0000, also summary financial-summary-202010.yaml

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