Financials202304

Financials April 2023

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: £16,849.84

• Current Account: £11,992.20
• Petty Cash (approximate): £85.69
• Paypal: £651.79
• Deposit Account: £4,120.16

Liabilities: £16,733.47

• Out of Hours Deposits (approximate): £6,990.00
• Business Rates: £9,743.47

Money Owed: £1,641.00

• Outstanding Invoices 10th May: £1,641.00

Notes of interest

Good month-on-month increase in assets, wrote off some debts which shows as a loss, other than that we would have made a decent profit. Also made a payment to the rates bill that doesn't show up here. Nothing stands out in the income as we have a good spread.

Income/Outgoings

Turnover: £6,209

• Sales: £6,209

add Other Income: £71

• Interest Received: £18
• Grant Income: £53

less Cost of Sales: £192

• Cost of Sales: £71
• Materials: £120

less Admin Expenses: £4,112

• Office Costs: £1,850
  • Electricity (April usage): £712.43
• Rent: £1,958
• Computer Software: £75
• Office Equipment: £11
• Internet & Telephone: £217
• Bank/Finance Charges: £1

less Staff Costs: £567

• Salaries: £567

less Bad Debts: £1,674

• Bad Debts Written Off: £1,674

Operating Profit: -£264

Generated from a FreeAgent report exported on 2023-05-23 19:33:27 +0100, also summary financial-summary-202304.yaml

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