Finance

Notes to this Report. 
1. Represents period from 10 April 15 to 30 Jun 15. 10 April was date of Pre-Incorporation General Meeting. 
2. Asset Register is maintained by the Treasurer here.
3. Accounts Payable represents payments to various suppliers which were grouped together as reimbursement. This was necessary in order to pay suppliers on time while waiting-out for dedicated RAVSTASS bank accounts to be opened.
4. In FY14/15 included PayPal transaction fees. PayPal no longer used for gateway.
5. Further expenses were incurred prior to incorporation and paid under direct sponsorship by the founder.
6. Reversible Basketball Singlets, Caps, Polo Shirts and Sleeveless Tops.
7. $385 returned by Kilburn Community Centre in trust on behalf of Southern Kings (Key Deposit $55, Bond $330). $175 awaiting invoice from EHBA. 
8. Deficit comparable to the website annual renewal fee ($410.06), and first reporting period in which no donation from founder was made to cover this expense. Disregarding this, all other activities ran near break-even.  
9. $385 held in Trust for Southern Kings was reduced by $200 due to forfeit fines paid on 4Mar19. Remaining balance as at EOFY19 $185. Further expense of $360 incurred, which was paid on 30Jan20 for cancelled training sessions that were late advised. Nil funds held in trust as at EOFY20. 
10. Stock as at EOFY19: 1xCap $35, 16x Socks $240, 2x Polo Shirts-Poly $110, 7x Polo Shirts-Mesh $175).
11. Stock reduced by payment of $136.65 on 9Jul19.