Financials May 2022

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: £6,387.73

• Current Account: £1,456.82
• Petty Cash (approximate): £126.34
• Paypal: £709.41
• Deposit Account: £4,095.16

Liabilities: £16,928.00

• Out of Hours Deposits (approximate): £6,700.00
• Business Rates: £10,228.00
• Visor Project Surplus: £0.00

Money Owed: £1,360.00

• Outstanding Invoices 18th June: £1,360.00

Notes of interest

Made the final charitable donation so no longer have a visor project surplus. High outgoings with water bill and others. Still made a small profit (rates notwithstanding).

Income/Outgoings

Turnover: £5,952

• Sales: £5,952

add Other Income: £80

• Grant Income: £80

less Cost of Sales: £40

• Materials: £40

less Admin Expenses: £5,039

• Office Costs: £1,595
  • Electricity (April usage): £317.35
• Rent: £1,740
• Computer Software: £126
• Office Equipment: £31
• Internet & Telephone: £396
• Stationery: £4
• Accommodation and Meals: £8
• Postage: £7
• Charitable Donations: £1,124
• Bank/Finance Charges: £7

less Staff Costs: £525

• Salaries: £525

Operating Profit: £428

Generated from a FreeAgent report exported on 2022-06-21 19:43:41 +0100, also summary financial-summary-202205.yaml

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