Financials March 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: £20,689.19

• Current Account: £5,970.27
• Petty Cash (approximate): £52.19
• Paypal: £579.17
• Deposit Account: £14,087.56

Liabilities: £19,121.04

• Out of Hours Deposits (approximate): £5,450.00
• Business Rates: £9,176.98
• Visor Project Surplus: £4,494.06

Money Owed: £1,253.00

• Outstanding Invoices 13th April: £1,253.00

Notes of interest

Reasonably high costs this month, seems that we’ve paid off a number of bills that had mounted up, if we took into account the rates payment we would have made a small loss but nothing to worry about. Income lower than last month but that was a notably high month.

Income/Outgoings

Turnover: £5,456

• Sales: £5,456

add Other Income: £219

• Grant Income: £219
  • Furlough Payment: £128.96

less Admin Expenses: £3,504

• Office Costs: £1,420
  • Electricity (February usage): £347.94
• Rent: £1,740
• Web Hosting: £9
• Computer Software: £191
• Internet & Telephone: £126
• Bank/Finance Charges: £18

less Staff Costs: £525

• Salaries: £525

Operating Profit: £1,646

Generated from a FreeAgent report exported on 2021-04-20 19:48:27 +0100, also summary financial-summary-202103.yaml

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