Financials202009

Financials September 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: £20,952.23

• Current Account: £6,410.79
• Petty Cash (approximate): £52.58
• Paypal: £401.30
• Deposit Account: £14,087.56

Liabilities: £24,300.00

• Out of Hours Deposits (approximate): £4,900.00
• Business Rates: £19,400.00

Money Owed: £1,190.00

• Outstanding Invoices 10th October: £1,190.00

Notes of interest

Costs reasonably high, bought a lot of laser materials and parts, general office stuff, catching up on bills, furlough payments reduced as we brought Seán back. Income good though as we've had some new (and returning!) people coming in and more mailboxes. Income lower than last month though so showing a reduced profit and lower assets. Not time to panic but obviously need to keep an eye on things going forward.

Income/Outgoings

Turnover: £5,209.00

• Sales: £5,209.00

add Other Income: £375.00

• Grant Income: £375.00
  • Furlough Payment: £257.92

less Cost of Sales: £1,226.00

• Materials: £1,226.00

less Admin Expenses: £3,194.00

• Office Costs: £1,090.00
  • Electricity (August usage): £204.41
• Rent: £1,740.00
• Computer Software: £125.00
• Internet & Telephone: £126.00
• Stationery: £2.00
• Sundries: £60.00
• Advertising and Promotion: £5.00
• Postage: £2.00
• Subscriptions: £35.00
• Bank/Finance Charges: £10.00

less Staff Costs: £525.00

• Salaries: £525.00

Operating Profit: £639.00

Generated from a FreeAgent report exported on 2020-10-20 20:14:17 +0100, also summary financial-summary-202009.yaml

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