Hi All,

First time post here and hoping you can answer what I think may be a simple question?

We manage a funded programme through the NHS, where staff get paid, money goes out etc.

However, we also take a management fee from this money into our main business for office space, class one contributions etc.

So, how do I account for this? I don't believe I should show this as income as the management fee is an income. Am I right in saying that it should be a liability i.e. it isn't really our money and we have agreed to pay back any underspend.

If so, how do we spend money from that account? Surely the negative would increase?

I feel I am close but I know I am missing something.

Help greatly received.

Kind regards

Stuggs