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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 
 
FY15 FY16 FY17 FY18 FY19 FY20
Cash $469.66 $992.56 $3,490.54 $3,168.90 $2,709.19 $1,956.86
Debtors $0.00 $0.00 $385.00 $0.00 $0.00 $0.00
Asset Register $1,100.46 $2,623.26 $3,044.76 $3,197.65 $4,472.67 $6,104.57
TOTAL ASSETS  $1,570.12 $3,615.82 $6,920.30 $6,366.55 $7,181.86 $8,061.43
Invoices Payable $405.15 $0.00 $0.00 $175.00 $0.00 $0.00
Intra Surplus Liabilities $0.00 $0.00 $385.00 $385.00 $185.00 $0.00
TOTAL LIABILITIES $405.15 $0.00 $385.00 $560.00 $185.00 $0.00
NET ASSETS $1,164.97
$3,615.82 $6,535.30 $5,806.55 $6,996.86 $8,061.43
Accumulated Surplus  $0.00 $473.04 $75.93 $3,130.53 $2,832.56 $2,862.29
Current Year Surplus  $473.04 ($397.10) $3054.59 ($297.97) $29.73 ($711.51)
Contributions  $691.93 $3,539.89 $3,404.78 $2,973.99 $4,134.57 $5,910.65
EQUITY $1,164.97 $3,615.82 $6,535.30 $5,806.55 $6,996.86 $8,061.43
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 
 
FY15 FY16 FY17 FY18 FY19 FY20
Online Payments $423.00 $2,898.50 $3,688.50 $647.15 $2,660.00 $1,055.00
Less Pmt Fees -$10.10 -$66.62 -$91.25 -$25.13 -$77.45 -$40.36
Direct Deposits $60.00 $782.35 $3,391.91 $264.95 $188.36 $201.65
Bank Interest $0.14 $7.47 $6.52 $17.22 $11.57 $2.55
TOTAL INCOME $473.04 $3,621.70 $6,995.68 $904.19 $2,782.48 $1,218.84
  
Supplier Payments $0.00 $3,906.80 $3,821.09 $1,082.16 $2,632.75 $1,810.35
Bank Account Fees $0.00 $112.00 $120.00 $120.00 $120.00 $120.00
TOTAL EXPENSE $0.00 $4,018.80 $3,941.09 $1,202.16 $2,752.75 $1,930.35
 
NET SURPLUS $473.04 ($397.10) $3,054.59 ($297.97)
$29.73 ($711.51)

FY19 
Intra-Liabilities - $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. 
 
FY18
 
Invoices Payable - $175 awaiting invoice from EHBA.
Intra-Liabilities - Funds of $385 returned by Port Adelaide Council for Kilburn Community Centre and held on behalf of Southern Kings.  
 
FY17 
Debtors - Key and Bond deposit of $385 paid to Port Adelaide Council for Kilburn Community Centre stadium access (Key Deposit $55, Bond $330). 
Intra-Liabilities - Key & Bond deposit funds belong to Southern Kings Basketball. 
Direct Deposits - Included $2,595.76 in Donations. 
 
FY16 
Direct Deposits - Included $724.35 in Donations. 
 
FY15
 - Represented period from 10 April 15 to 30 Jun 15. 10 April was date of Pre-Incorporation General Meeting. 
Invoices 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. Further expenses were incurred prior to incorporation and paid under direct sponsorship by the founder. 
Online Payments - Included included PayPal transaction fees. PayPal no longer used for gateway. 
 
Recommended reading on Accounting Definitions
 

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....
RS-08-01-02 = Basketball Teams 
RS-01-00-11 = Sponsorship for all Sports in River Division 
RS-06-01-31 = Golf specific Grant 
To request further codes be added, please contact the Treasurer

Prefix 
CodeID 
Digit 1&2 
Division 
Digit 3&4 
Activity 
Digit 5&6 
Reason 
RS 01 = River  00 = All Sports
01 = Kayaking 
02 = Waterskiing 
01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name] 
81 = Stock New Books 
82 = Stock New Clothing 
83 = Stock New Equipment 
91 = Stock Used Books 
92 = Stock Used Clothing 
93 = Stock Used Equipment 
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] 
81 = Stock New Books 
82 = Stock New Clothing 
83 = Stock New Equipment 
91 = Stock Used Books 
92 = Stock Used Clothing 
93 = Stock Used Equipment
RS 03 = Valley  00 = All Sports 
01 = Slackilining 
02 = Rockclimbing 
03 = Hiking 
04 = Mountain Biking
01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name] 
81 = Stock New Books 
82 = Stock New Clothing 
83 = Stock New Equipment 
91 = Stock Used Books 
92 = Stock Used Clothing 
93 = Stock Used Equipment
RS 04 = Sea  00 = All Sports
01 = Surfing 
02 = Scuba 
03 = Jet Ski 
01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name] 
81 = Stock New Books 
82 = Stock New Clothing 
83 = Stock New Equipment 
91 = Stock Used Books 
92 = Stock Used Clothing 
93 = Stock Used Equipment
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] 
81 = Stock New Books 
82 = Stock New Clothing 
83 = Stock New Equipment 
91 = Stock Used Books 
92 = Stock Used Clothing 
93 = Stock Used Equipment
RS 06 = Aim  00 = All Sports
01 = Golf 
02 = Archery 
03 = Shooting
01 = Core  
02 = Teams 
03 = Events 
11 = Sponsor [Name]
21 = Donor [Name]
31 = Grant [Name] 
51 = Consignment Hire [Name] 
81 = Stock New Books 
82 = Stock New Clothing 
83 = Stock New Equipment 
91 = Stock Used Books 
92 = Stock Used Clothing 
93 = Stock Used Equipment
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] 
81 = Stock New Books 
82 = Stock New Clothing 
83 = Stock New Equipment 
91 = Stock Used Books 
92 = Stock Used Clothing 
93 = Stock Used Equipment
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] 
81 = Stock New Books 
82 = Stock New Clothing 
83 = Stock New Equipment 
91 = Stock Used Books 
92 = Stock Used Clothing 
93 = Stock Used Equipment
RS 00 = HQ   00 = HQ  10 = Governance 
11 = Association Incorporation 
12 = Association Governance 
 
20 = Operations 

21 = Multi-Sport Teams 
22 = Multi-Sport Events 
23 = Multi-Sport Awards 
28 = First Aid 
29 = Signage & Banners 
 
30 = Sponsors 
31 = Multi-Sport Sponsor [Name]
 
40 = Donors 
41 = Donor [Muehlberg Trust] 
42 = Donor [Rebel 

Sports] 
 
50 = Grants 
51 = Multi-Sport Grant [Name] 
 
60 = Membership 
61 = Member Subscriptions 
62 = Member Discount Cards 
63 = Member Postage 
64 = Member Merchandise 

70 = Committee 
71 = Committee Business Cards 
72 = Committee Cloud Storage 
73 = Committee Ink Stamps 
79 = Committee Electronics 
 
80 = Finance 
81 = Fees Banking 
82 = Fees Accounting 
83 = Fees Auditing 
89 = Interest 

90 = Vending  
91 = POS Main Website 
92 = POS Other Websites 
99 = HDWD