Finance
ABN 84 391 163 868
BALANCE SHEET
| ASSETS | FY15 [1] | FY16 | FY17 | FY18 | FY19 |
| Current Assets | |||||
| Incomes Account | $20.00 | $20.00 | $20.00 | $200.00 | $40.00 |
| Savings Account | $429.66 | $962.56 | $3,460.54 | $2,948.90 | $2,639.19 |
| Expenses Account | $2.00 | $10.00 | $10.00 | $20.00 | $30.00 |
| Stock | $0.00 | $0.00 | $0.00 | [6] $384.52 | [10] $560.00 |
| Total Current Assets | $451.66 | $992.56 | $3,490.54 | $3,553.42 |
$3,269.19 |
| Non-Current Assets | |||||
| Asset Register [2] | $1,100.46 | $2,623.26 | $3,044.76 | $3,197.65 | $4,472.67 |
| Total Non-Current Assets | $1,100.46 | $2,623.26 | $3,044.76 | $3,197.65 | $4,472.67 |
| TOTAL ASSETS | $1,552.12 | $3,615.82 | $6,535.30 | $6,751.07 | $7,741.86 |
| LIABILITIES | |||||
| Accounts Payable | [3] $405.15 | $0.00 | $0.00 | [7] $560.00 | [9] $185.00 |
| TOTAL LIABILITIES | $405.15 | $0.00 | $0.00 | $560.00 | $185.00 |
| NET ASSETS | $1,146.97 | $3,615.82 | $6,535.30 | $6,191.07 | $7,556.86 |
| EQUITY | |||||
| Opening Equity | $1,091.14 | $1,146.97 | $3,615.82 | $6,535.30 | $6,191.07 |
| Non-Cash Donations to Asset Register | $0.00 | $1,250.00 | $250.00 | $152.89 | $1,275.02 |
| Retained Earnings in FY | $55.83 | $1,218.85 | $2,894.48 | ($497.12) | $90.77 |
| TOTAL EQUITY | $1,146.97 | $3,615.82 | $6,535.30 | $6,191.07 | $7,556.86 |
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RAVSTASS Multi-Sport Association Incorporated
ABN 84 391 163 868
INCOME STATEMENT
ending 30 Jun
| INCOME | FY15 [1] | FY16 | FY17 | FY18 | FY19 |
| Transactions Website | $423.00 | $2,898.50 | $3,688.50 | $622.42 | $2,563.13 |
| Transactions Direct Deposits | $0.00 | $0.00 | $0.00 | $734.95 | $156.36 |
| Cash Sponsorship | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Cash Gifts | $0.21 | $0.00 | $0.00 | $0.00 | $0.00 |
| Cash Donations | $60.00 | $782.35 | $2,709.76 | $125.00 | $32.00 |
| Bank Interest | $0.14 | $7.47 | $6.52 | $17.22 | $11.57 |
| TOTAL INCOME | $483.35 |
$3,688.32 |
$6,404.78 | $1,499.59 | $2,763.06 |
| EXPENSE | |||||
| Supplier Payments | $405.15 | $2,179.61 | $3,385.45 | $1,864.22 | $2,536.84 |
| Foreign Currency Fees | [4] $22.37 | $49.86 | $64.85 | $12.49 | $15.45 |
| Bank Account Fees | $0.00 | $240.00 | $60.00 | $120.00 | $120.00 |
| TOTAL EXPENSE | [5] $427.52 | $2,469.47 | $3,510.30 | $1,996.71 | $2,672.29 |
| NET SURPLUS | $55.83 | $1,218.85 | $2,894.48 | [8] ($497.12) |
$90.77 |
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 available 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 is $185.
10. Stock (1xCap $35, 16x Socks $240, 2x Polo Shirts-Poly $110, 7x Polo Shirts-Mesh $175).