Financials202605

Financials May 2026

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: £9,200.14

• Current Account: £1,036.65
• Petty Cash (approximate): £117.19
• Paypal: £50.63
• Deposit Account: £7,995.67

Liabilities: £15,938.59

• Out of Hours Deposits (approximate): £8,490.00
• Circular Arts Network Funding: £7,448.59

Money Owed: £1,513.00

• Outstanding Invoices from this month, checked 4th June: £1,513.00

Turnover Last 12 Months: £84,670.00

• Last 12 Months, to end of this month: £84,670.00

Notes of interest

Reallocated money around the Circular Arts Network which has shown as a large income although some money had already been allocted. 6 mailboxes only 1 of which is paid for though. Also invoiced for 5 days in the events room. Large annual water rates bill had a large impact and also had air conditioner maintenance. Many invoices currently unpaid too.

Income/Outgoings

Turnover: £8,474

• Sales: £8,474

add Other Income: £29

• Grant Income: £29

Gross Profit: £8,503

less Admin Expenses: £6,878

• Office Costs: £3,976
  • Electricity (April usage): £474.83
• Rent: £2,610
• Computer Software: £113
• Internet & Telephone: £38
• Subscriptions: £21
• Bank/Finance Charges: £27
• Insurance: £92
• Realized Currency Exchange Gain/Loss: £1

less Staff Costs: £699

• Salaries: £699
• Employer NICs: £0

Operating Profit: £926

Generated from a FreeAgent report exported on 2026-06-04 14:09:05 +0100, also summary financial-summary-202605.yaml

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