Financials202209

Financials September 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: £6,463.08

• Current Account: £2,199.48
• Petty Cash (approximate): £94.78
• Paypal: £73.66
• Deposit Account: £4,095.16

Liabilities: £7,023.48

• Out of Hours Deposits (approximate): £6,840.00
• Business Rates: £183.48

Money Owed: £1,154.00

• Outstanding Invoices 10th October: £1,154.00

Notes of interest

We received a COVID grant covering a large amount of our rates for last year which shows up as a large income but obviously just covers some debts. Also had some additional income from people getting up-to-date with their memberships. Did have some extra costs with a Costco and materials shops and some regular bills showing up.

Income/Outgoings

Turnover: £6,400

• Sales: £6,400

add Other Income: £7,121

• Grant Income: £7,121
  • COVID-19 Additional Relief Fund: £7,059.48

less Cost of Sales: £326

• Materials: £326

less Admin Expenses: £3,718

• Office Costs: £1,517
  • Electricity (July usage): £294.74
• Rent: £1,740
• Computer Software: £111
• Internet & Telephone: £247
• Advertising and Promotion: £50
• Subscriptions: £35
• Bank/Finance Charges: £18

less Staff Costs: £525

• Salaries: £525

Operating Profit: £8,952

Generated from a FreeAgent report exported on 2022-10-18 19:12:00 +0100, also summary financial-summary-202209.yaml

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