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Finance


Jump to: Balance Sheet - Income Statement - Notes - Coding 

RAVSTASS Multi-Sport Association Incorporated
ABN 84 391 163 868
BALANCE SHEET
as at 30 Jun

ASSETS FY15 [1] FY16 FY17 FY18 FY19 FY20
Current Assets
Incomes Account $20.00 $20.00 $20.00 $200.00 $40.00 $40.00
Savings Account $429.66 $962.56 $3,460.54 $2,948.90 $2,639.19 $1,896.86
Expenses Account $2.00 $10.00 $10.00 $20.00 $30.00 $20.00
Stock $0.00 $0.00 $0.00 [6] $384.52 [10] $560.00 [11] $423.35
Total Current Assets $451.66 $992.56 $3,490.54 $3,553.42 
$3,269.19 $2,380.21
Non-Current Assets
Asset Register [2] $1,100.46 $2,623.26 $3,044.76 $3,197.65 $4,472.67 $6,104.57
Total Non-Current Assets $1,100.46 $2,623.26 $3,044.76 $3,197.65 $4,472.67 $6,104.57
TOTAL ASSETS  $1,552.12 $3,615.82 $6,535.30 $6,751.07 $7,741.86 $8,484.78
   
LIABILITIES
Accounts Payable [3] $405.15 $0.00 $0.00 [7] $560.00 [9] $185.00 $0.00
TOTAL LIABILITIES $405.15 $0.00 $0.00 $560.00 $185.00 $0.00
 
 NET ASSETS $1,146.97 $3,615.82 $6,535.30 $6,191.07 $7,556.86 $8,484.78
 
EQUITY
Opening Equity $1,091.14 $1,146.97 $3,615.82 $6,535.30 $6,191.07 $7,556.86
Non-Cash Donations to Asset Register $0.00 $1,250.00 $250.00 $152.89 $1,275.02 $1,680.25
Retained Earnings in FY $55.83 $1,218.85 $2,894.48 ($497.12) $90.77 ($752.33)
TOTAL EQUITY $1,146.97 $3,615.82 $6,535.30 $6,191.07 $7,556.86 $8,484.78

Jump to: Balance Sheet - Income Statement - Notes - Coding 

RAVSTASS Multi-Sport Association Incorporated
ABN 84 391 163 868
INCOME STATEMENT
for the period
ending 30 Jun
INCOME FY15 [1] FY16 FY17 FY18 FY19 FY20
Transactions Website $423.00 $2,898.50 $3,688.50 $622.42 $2,563.13 $1,033.82
Transactions Direct Deposits $0.00 $0.00 $0.00 $734.95 $156.36 $201.65
Cash Sponsorship $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cash Gifts $0.21 $0.00 $0.00 $0.00 $0.00 $0.00
Cash Donations $60.00 $782.35 $2,709.76 $125.00 $32.00 $0.00
Bank Interest $0.14 $7.47 $6.52 $17.22 $11.57 $2.55
TOTAL INCOME $483.35 $3,688.32
$6,404.78 $1,499.59 $2,763.06 $1,238.02
  
EXPENSE
Supplier Payments $405.15 $2,179.61 $3,385.45 $1,864.22 $2,536.84 $1,855.93
Foreign Currency Fees [4] $22.37 $49.86 $64.85 $12.49 $15.45 $14.42
Bank Account Fees $0.00 $240.00 $60.00 $120.00 $120.00 $120.00
TOTAL EXPENSE [5] $427.52 $2,469.47 $3,510.30 $1,996.71 $2,672.29 $1,990.35
 
NET SURPLUS $55.83 $1,218.85 $2,894.48 [8] ($497.12) 
$90.77 ($752.33)


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. 


Coding Transactions 
To be able to run separate Income Statements to internally manage, track and budget separate sports and activities, the following coding of transactions needs to be applied to banking transactions and online transactions. This is to be managed by the Committee and guidance provided where delegated to other managers to effect transactions. This will enable performance reporting at macro level of each division and micro level of each sport/activity. 

Coding of transactions is made up of eight (8) characters, including six (6) digits. For example....
RS080102 = Basketball Teams 
RS010011 = Sponsorship for all Sports in River Division 
RS060131 = Golf specific Grant 

Prefix 
CodeID 
Digit 1&2 
Divisional 
Digit 3&4 
Sport/Activity 
Digit 5&6 
Reason 
RS 00 = HQ   00 = HQ
01 = President 
02 = Vice-President 
03 = Secretary 
04 = Treasurer 
80 = HDWD MoU 
90 = RAVSTASS Brand 
01 = Core 
02 = Teams 
03 = Events 
11 = Sponsor [Name] 
21 = Donor - rebel Community Givebacks
31 = Grant [Name] 
51 = Consignment Hire [Name] 
RS 01 = River  00 = All Sports
01 = Kayaking 
01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name] 
RS 02 = Air  00 = All Sports  01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name] 
RS 03 = Valley  00 = All Sports 
01 = Slackilining 
02 = Rockclimbing 
03 = Hiking 
01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name] 
RS 04 = Sea  00 = All Sports
01 = Surfing 
02 = Scuba 
01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name] 
RS 05 = Track  00 = All Sports 
01 = Motorcycling 
02 = Go Karting 
01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name] 
RS 06 = Aim  00 = All Sports
01 = Golf 
02 = Archery 
01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name] 
RS 07 = Snow  00 = All Sports  01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name] 
RS 08 = Stadium  00 = All Sports
01 = Basketball 
02 = Netball 
01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name]