Financials August 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: £21,841.54

• Current Account: £7,319.60
• Petty Cash (approximate): £154.69
• Paypal: £279.69
• Deposit Account: £14,087.56

Liabilities: £25,767.50

• Out of Hours Deposits (approximate): £4,900.00
• Business Rates: £20,867.50

Money Owed: £748.00

• Outstanding Invoices 10th September: £748.00

Notes of interest

Continue to do ok, the report shows a profit but we managed to almost exactly break even if you take out the business rates. Small rise in overall assets (although they continue to be quite high).

Income/Outgoings

Turnover: £5,413.00

• Sales: £5,413.00

add Other Income: £555.00

• Grant Income: £555.00
  • Furlough Payment: £386.88

less Cost of Sales: £60.00

• Materials: £60.00

less Admin Expenses: £3,727.00

• Office Costs: £1,133.00
  • Electricity (July usage): £217.97
• Rent: £1,740.00
• Web Hosting: £68.00
• Computer Software: £406.00
• Office Equipment: £269.00
• Internet & Telephone: £36.00
• Sundries: £50.00
• Postage: £20.00
• Bank/Finance Charges: £6.00

less Staff Costs: £525.00

• Salaries: £525.00

less Bad Debts: £198.00

• Bad Debts Written Off: £198.00

Operating Profit: £1,457.00

Generated from a FreeAgent report exported on 2020-09-11 20:11:50 +0100, also summary financial-summary-202008.yaml

More information about this FinancialsReport

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