Financials202102

Financials February 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: £21,512.79

• Current Account: £6,951.11
• Petty Cash (approximate): £16.56
• Paypal: £457.56
• Deposit Account: £14,087.56

Liabilities: £20,824.71

• Out of Hours Deposits (approximate): £5,450.00
• Business Rates: £10,880.65
• Visor Project Surplus: £4,494.06

Money Owed: £1,485.00

• Outstanding Invoices 10th February: £1,485.00

Notes of interest

Good income, even allowing for the rates that doesn't show up. Bank account increased well month-by-month. One member paid for 3 months desk at once, otherwise just seems to be that we have good regular income, especially from workshops and mailboxes.

Income/Outgoings

Turnover: £6,735

• Sales: £6,735

add Other Income: £175

• Grant Income: £175
  • Furlough Payment: £128.96

less Admin Expenses: £2,615

• Office Costs: £574
  • Electricity (January usage): £426.90
• Rent: £1,740
• Computer Software: £153
• Internet & Telephone: £126
• Postage: £10
• Bank/Finance Charges: £12

less Staff Costs: £525

• Salaries: £525

Operating Profit: £3,769

Generated from a FreeAgent report exported on 2021-03-23 20:13:44 +0000, also summary financial-summary-202102.yaml

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