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Finances tracker FY2016-2017

Produced by the Treasurer as a monthly statement of BOTLab's financial position. See footnotes in table header for definition of each column. N.B. BOTLab's financial year runs from 1 Dec to 30 Nov of the following year.

Month Bank balance 1) Emergency reserve 2) Dorkbot funds 3) Hackspace small purchases 4) Hackspace remaining reserve 5) #members Membership income (approx) 6) Non-recurring expenditure 7)
December 2016 £12,112.85 £5,526 £190.15 £1,000 £5,396.70 112 £1,177.02 Replacement PSU for laser cutter: £400
Companies House fee: £13
Bank account service charge (3 months): £18
January 2017 £12,247.37 £5,526 £190.15 £1,000 £5,531.22 116 £1202.02 Project storage boxes: £90
Pressure cooker: £42.49
Consumables and extension lead: £31.69
G11 electricity: £261.32
CNC router dust booth materials: £389.57
February 2017 £12,065.32 £5,526 £190.15 £1,000 £5,349.17 117 £1202.02 G11 electricity: £127.03
CNC router dust booth materials: £184.93
March 2017 £12,328.88 £5,526 £190.15 £1,000 £5,612.73 CNC router dust booth materials: £30.03
Bandsaw blades: £32.16
Accounts preparation: £570
Open Studios fee: £5
G11 electricity: £123.01
April 2017 G11 electricity: £108.53
May 2017
June 2017
July 2017
August 2017
September 2017
October 2017
November 2017

Known/potential upcoming expenses:

  • G11 rent arrears: £648
  • G11 additional rent: £54/month
  • G10 business rates: ~£70/month

1)
Reported at the beginning of the month, with the standing orders for BV Studios rent and electricity subtracted.
2)
Defined as 9 months' worth of rent payments (£581/month).
3)
Money collected from Dorkbot activities (as of beginning of month), held in order to fund further Dorkbot activities.
4)
A reserve to support purchases below the threshold for large purchases, currently £300.
5)
Calculated as Bank balance - (Emergency reserve + Dorkbot funds + Hackspace small purchases)
6)
Calculated by identifying all subscribing members and summing their initial subscription amounts; if subscriptions are adjusted over the course of a year then this may not be accurate. Represents all income over the course of the corresponding month, i.e. not available until month end.
7)
Excluding rent and electricity. The specified date is when the Hackspace made the payment, which may be some time after the original purchase was made in the case of reclaimed expenses.
  • botlab/finances2016-17.1491722728
  • Last modified: 5 years ago
  • by dwyatt