Financials202104

Financials April 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: £20,658.13

• Current Account: £5,853.56
• Petty Cash (approximate): £69.88
• Paypal: £641.79
• Deposit Account: £14,092.90

Liabilities: £29,172.06

• Out of Hours Deposits (approximate): £5,450.00
• Business Rates: £19,228.00
• Visor Project Surplus: £4,494.06

Money Owed: £1,011.00

• Outstanding Invoices 10th May: £1,011.00

Notes of interest

New rates bill showing up and appears terrible although we still have a payment plan and should clear this by the end of the month. Paid out for some plumbing costs. Income good, slightly up from last month, also bank account month-on-month.

Income/Outgoings

Turnover: £5,712

• Sales: £5,712

add Other Income: £192

• Interest Received: £2
• Grant Income: £190
  • Furlough Payment: £119.04

less Cost of Sales: £4

• Commission Paid: £4

less Admin Expenses: £13,291

• Office Costs: £11,093
  • Electricity (March usage): £411.23
• Rent: £1,740
• Computer Software: £122
• Office Equipment: £68
• Internet & Telephone: £219
• Sundries: £12
• Accountancy Fees: £15
• Bank/Finance Charges: £22

less Staff Costs: £525

• Salaries: £525

Operating Profit: -£7,917

Generated from a FreeAgent report exported on 2021-05-18 19:42:19 +0100, also summary financial-summary-202104.yaml

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