Financials July 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: £18,258.35

• Current Account: £3,737.58
• Petty Cash (approximate): £54.28
• Paypal: £373.59
• Deposit Account: £14,092.90

Liabilities: £24,178.06

• Out of Hours Deposits (approximate): £5,700.00
• Business Rates: £13,984.00
• Visor Project Surplus: £4,494.06

Money Owed: £698.00

• Outstanding Invoices 10th August: £698.00

Notes of interest

Similar to last month, slightly lower sales but also lower outgoings. Laser power meter biggest expense. Overall assets about stable.

Income/Outgoings

Turnover: £5,494

• Sales: £5,494

add Other Income: £172

• Grant Income: £172

less Admin Expenses: £3,352

• Office Costs: £935
  • Electricity (June usage): £370.14
• Rent: £1,740
• Web Hosting: £65
• Computer Software: £95
• Office Equipment: £217
• Internet & Telephone: £231
• Sundries: £62
• Bank/Finance Charges: £6

less Staff Costs: £525

• Salaries: £525

less Bad Debts: £105

• Bad Debts Written Off: £105

Operating Profit: £1,684

Generated from a FreeAgent report exported on 2021-08-17 19:29:36 +0100, also summary financial-summary-202107.yaml

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