Financials January 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: £8,943.06

• Current Account: £7,338.47
• Petty Cash (approximate): £82.33
• Paypal: £18.45
• Deposit Account: £1,503.81

Liabilities: £19,072.00

• Out of Hours Deposits (approximate): £4,400.00
• Business Rates: £14,672.00

Notes of interest

Very good month for sales, no single cause - few room hires, sewing club's 3 monthly payment, few more mailboxes, wearable tech workshop, new permanent desker.

Income/Outgoings

Turnover: £7,092.00

• Sales: £7,092.00

add Other Income: £139.00

• Grant Income: £139.00

less Cost of Sales: £87.00

• Cost of Sales: £87.00

less Admin Expenses: £3,525.00

• Office Costs: £1,501.00
  • Electricity (December usage): £477.55
• Rent: £1,740.00
• Computer Software: £88.00
• Internet & Telephone: £36.00
• Accommodation and Meals: £89.00
• Advertising and Promotion: £55.00
• Bank/Finance Charges: £17.00

less Staff Costs: £484.00

• Salaries: £484.00

Operating Profit: £3,135.00

Generated from a FreeAgent report exported on 2020-02-06 14:58:33 +0000, also summary financial-summary-202001.yaml

More information about this FinancialsReport

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