Financials May 2025

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: £3,062.71

• Current Account: £2,362.73
• Petty Cash (approximate): £67.69
• Paypal: £17.85
• Deposit Account: £614.44

Liabilities: £7,940.00

• Out of Hours Deposits (approximate): £7,940.00

Money Owed: £1,246.00

• Outstanding Invoices 10th June: £1,246.00

Turnover Last 12 Months: £80,039.00

• Last 12 Months, to end of this month: £80,039.00

Notes of interest

Business rates is showing up twice which inflates our apparent loss although the money will only have gone out once in each month. We sent only seven mailbox invoices but four of them have not yet been paid. Assets went up month-on-month at least.

Income/Outgoings

Turnover: £6,645

• Sales: £6,645

add Other Income: £28

• Grant Income: £28

Gross Profit: £6,673

less Admin Expenses: £7,741

• Office Costs: £4,933
  • Electricity (April usage): £390.98
• Rent: £2,392
• Computer Software: £108
• Internet & Telephone: £217
• Subscriptions: £85
• Bank/Finance Charges: £6

less Staff Costs: £691

• Salaries: £655
• Employer NICs: £36

less Bad Debts: £700

• Bad Debts Written Off: £700

Operating Profit: -£2,459

Generated from a FreeAgent report exported on 2025-06-24 20:09:27 +0100, also summary financial-summary-202505.yaml

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