| Pages | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | 1to8 | ||
| Independent examiner's report to the |
trustees | |||||
| Statement offinancial |
activities | (including | income and | |||
| expenditure account) |
10 | |||||
| Statement offinancial |
position | |||||
| Notes to the financial | statements | 12to 26 |
| Registered | charity | name | name | The Melanesian | Mission | |||
|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1104551 | ||||||
| Company | registration | number | 05101167 | |||||
| Principal office and | registered | 21 The Burlands | ||||||
| office | Feniton | |||||||
| Honiton | ||||||||
| Devon | ||||||||
| EX143UN | ||||||||
| The trustees | Canon J Brooke | (Re-elected 21 September 2020) | ||||||
| Mr A M Cartwright | (Retired 21 September 2020) | |||||||
| Revd M BCox | ||||||||
| Revd C Duce | ||||||||
| Ven Dr M R Gilbertson - Vice Chair | (Re-elected 21 September 2020) | |||||||
| Mrs D Jordan | ||||||||
| Revd J Pinder | ||||||||
| Miss KPwaisiho | ||||||||
| Rt Revd M J Rylands - Chair | ||||||||
| Mr SJ Scoffietd | ||||||||
| Revd J JWise | ||||||||
| Company | secretary | Katie Drew | ||||||
| Independent | examiner | Catherine Williams ACA DChA |
||||||
| Thomas Westcott Chartered | Accountants | |||||||
| 47 Boutport Street | ||||||||
| Barnstaple | ||||||||
| Devon | ||||||||
| EX31 1SQ |
| 2021 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | |||||
| funds | funds | funds | Total funds | Total funds | |||
| Note | R | ||||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 21,725 | 50,922 | 72,647 | 40,866 | ||
| Investment income |
6 | 104,213 | 1,598 | 105,811 | 109,695 | ||
| Total income | 125,938 | 50,922 | 1,598 | 178,458 | 150,561 | ||
| Expenditure | |||||||
| Expenditure on |
|||||||
| charitable activities |
7,8 | 98,290 | 53,924 | 152,214 | 140,365 | ||
| Total expenditure | 98,290 | 53,924 | 152,214 | 140,365 | |||
| Net income/(expenditure) | |||||||
| before investment | |||||||
| (losses)/gains | 27,648 | (3,002) | 1,598 | 26,244 | 10,196 | ||
| Net gains/(losses) | on | ||||||
| investments | 11 | 451,046 | 6,903 | 457,949 | (55,126) | ||
| Net income/(expenditure) | |||||||
| and net movement | in funds | 478,694 | (3,002) | 8,501 | 484,193 | (44,930) | |
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 2,893,071 | 8,012 | 44,364 | 2,945,447 | 2,990,377 | |
| Total funds carried forward | 3,371,765 | 5,010 | 52,865 | 3,429,640 | 2,945,447 |
| 31 March | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | 2021 | 2020 | |||||||
| F | |||||||||
| Fixed assets | |||||||||
| Investments | 3,325,387 | 2,867,438 | |||||||
| Current assets | |||||||||
| Debtors | 16 | 3156 | 4,963 | ||||||
| Cash at bank and | in | hand | 104,276 | 77,822 | |||||
| 107,432 | 82,785 | ||||||||
| Creditors: | amounts | falling due | |||||||
| within one year | 3,179 | 4,776 | |||||||
| 104,253 | 78,009 | ||||||||
| Net assets | 3,429,640 | 2,945,447 | |||||||
| Funds ofthe charity | |||||||||
| Endowment | funds | 52,865 | 44,364 | ||||||
| Restricted | funds | 5,010 | 8,012 | ||||||
| Unrestricted | funds | 3,371,765 | 2,893,071 | ||||||
| Total charity funds | 3,429,640 | 2,945,447 |
| Donatio | ns and legacies |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| E | ||||
| Donations | ||||
| Appeals | and donations | 20,235 | 47,059 | 67,294 |
| Gift Aid | 1,490 | 3,863 | 5,353 | |
| 21,725 | 50,922 | 72,647 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| E | F | |||
| Donations | ||||
| Appeals | and donations | 18,765 | 19,718 | 38,483 |
| Gift Aid | 1,274 | 1,109 | 2,383 | |
| 20,039 | 20,827 | 40,866 |
| Unrestricted | Endowment | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||
| F | F | ||||
| Bank | interest | receivable | 155 | 155 | |
| Other | income | from fixed asset investments | 104,058 | 1,598 | 105,656 |
| 104,213 | 1,598 | 105,811 | |||
| Unrestricted | Endowment | Total Funds | |||
| Funds | Funds | 2020 | |||
| E | F | F | |||
| Bank | interest | receivable | 361 | 361 | |
| Other | income | from fixed asset investments | 107,775 | 1,559 | 109,334 |
| 108,136 | 1,559 | 109,695 |
| Expenditu | re on charitable activities |
by fund type | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Charitable | activities | 57,212 | 53,905 | 111,117 |
| Support costs | 41,078 | 19 | 41,097 | |
| 98,290 | 53,924 | 152,214 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| E | ||||
| Charitable | activities | 65,980 | 20,925 | 86,905 |
| Support costs | 53,252 | 208 | 53,460 | |
| 119,232 | 21,133 | 140,365 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant | funding | Total funds | Total fund | |||
| directly | of | activities | Support costs | 2021 | 2020 | ||
| Charitable | activities | 6,875 | 104,242 | 41,097 | 152,214 | 140,365 |
| Analysis o | fsup | po | rt costs | |||
|---|---|---|---|---|---|---|
| Charitable | ||||||
| activities | Total 2021 | Total 2020 | ||||
| Staff costs | 36,515 | 36,515 | 36,694 | |||
| Other employment | costs | 56 | 56 | 309 | ||
| Office expenses | 1,830 | 1,830 | 5,039 | |||
| Travel and | subsistence | 267 | 267 | 4,091 | ||
| Independent | Examiners fees | 1,610 | 1,610 | 2,948 | ||
| Trustee expenses | 39 | 39 | 3,418 | |||
| Trustee training | and conferences | 225 | ||||
| Insurance | 780 | 780 | 736 | |||
| 41,097 | 41,097 | 53,460 |
| Yea | r ended 31 March 2021 | ||
|---|---|---|---|
| 10. | Analysis ofgrants | ||
| 2021 | 2020 | ||
| Grants to institutions | |||
| Grants to institutions | 104,242 | 71,168 | |
| Grants to individuals | |||
| Grants to individuals | 4,276 | ||
| Total grants | 104,242 | 75,444 |
| 11. | Net gains/(lo | sses) on in |
vestme | nts | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| E | ||||||||
| Gains/(losses) | on listed investments | 451,046 | 6,903 | 457,949 | ||||
| Unrestricted | Endowment | Total Funds | ||||||
| Funds | Funds | 2020 | ||||||
| f. | E | |||||||
| Gains/(losses) | on listed investments | (54,287) | (839) | (55,126) | ||||
| 12. | Independent | examination | fees | |||||
| 2021 | 2020 | |||||||
| Fees payable | to the independent | examiner | for: | |||||
| Independent | examination | of the | financial statements | 1,610 | 2,948 | |||
| 13. | Staff costs |
| Staff cos | ts | ||||
|---|---|---|---|---|---|
| The total | staff costs and | employee | benefits for the reporting | period are analysed as | follows: |
| 2021 f |
2020 E |
||||
| Wages and salaries | 33,738 | 33,512 | |||
| Social security costs | 442 | ||||
| Employer | contributions | to pension | plans | 2,777 | 2,740 |
| 36,515 | 36,694 |
| During the year 1 Trustee was reimbursed travel expense F3,165) Investments |
s totalling f39 (2020: 10 Trustees: |
|---|---|
| Listed | |
| investments | |
| Cost or valuation | |
| At 1 April 2020 | 2,867,438 |
| Additions | |
| Fair value movements | 457,949 |
| At 31 March 2021 | 3,325,387 |
| Impairment | |
| At 1 April 2020 and 31 March 2021 | |
| Carrying amount |
|
| At 31 March 2021 | 3,325,387 |
| At 31 March 2020 | 2,867,438 |
| 2021 | 2020 | ||
|---|---|---|---|
| F | |||
| Other | debtors | 3,156 | 4,963 |
| 2021 | 2020 | ||
|---|---|---|---|
| F | |||
| Accruals and deferred | income | 2,611 | 3,931 |
| Social security and other taxes | 568 | 845 | |
| 3,179 | 4,776 |
| At | Gains and | At | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 Apr 2020 | Income | Expenditure | Transfers | losses 31 | Mar 2021 | |||
| F | F | F | F | F | ||||
| General | funds | 69,997 | 125,938 | (98,290) | (25,735) | 71,910 | ||
| Investment | reserve | 2,823,074 | 5,735 | 451,046 | 3,279,855 | |||
| Lambeth | 2022 | 20,000 | 20,000 | |||||
| 2,893,071 | 125,938 | (98,290) | 451,046 | 3,371,765 | ||||
| At | Gains and | At | ||||||
| 1 Apr 2019 | Income | Expenditure | Transfers | losses 31 | Mar 2020 | |||
| E | E | F | F | F | ||||
| General | funds | 59,538 | 128,175 | (119,232) | 1,516 | 69,997 | ||
| Investment | reserve | 2,878,920 | (1,559) | (54,287) | 2,823,074 | |||
| Lambeth | 2022 | |||||||
| 2,938,458 | 128,175 | (119,232) | (43) | (54,287) | 2,893,071 |
| Restr | icted funds | ||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | At | |||||
| 1 Apr 2020 | Income | Expenditure | Transfers | losses $1 | Mar 2021 | ||
| F | F | ||||||
| JCPU | 633 | (633) | |||||
| Melanesian Brotherhood |
37 | 5,635 | (5,672) | ||||
| CSM - Lunch project | 1,282 | 2,263 | (1,800) | 1,745 | |||
| CSM - General | 637 | 688 | (1,137) | 188 | |||
| CSM - Chapel | 3,922 | 16,640 | (19,397) | 1,165 | |||
| CSC - TNK Kindy | 282 | (270) | 12 | ||||
| Community ofthe Sisters ofthe |
|||||||
| Church General | 4,740 | (4,740) | |||||
| Emergency Appeal - Cyclone |
|||||||
| Harold | 19,710 | (19,660) | 50 | ||||
| Society ofStFrancis | 157 | 157 | |||||
| Exeter Dicoese | links | 893 | 1,000 | (250) | 1,643 | ||
| Human Rights |
BHC | 305 | (286) | 19 | |||
| Mothers' Union |
21 | 21 | |||||
| Other restricted | funds | 90 | (80) | 10 | |||
| 8,012 | 50,922 | (53,924) | 5,010 |
| At | Gains and | At | ||||
|---|---|---|---|---|---|---|
| 1 Apr 2019 | Income | Expenditure | Transfers | losses 31 Mar 2020 | ||
| F | ||||||
| JCPU | 633 | 633 | ||||
| Melanesian Brotherhood |
37 | 38 | (38) | 37 | ||
| CSM - Lunch project | 1,107 | 1,975 | (1,800) | 1,282 | ||
| CSM - General | 637 | 637 | ||||
| CSM - Chapel | 3,922 | 3,922 | ||||
| CSC - TNK Kindy | 332 | (50) | 282 | |||
| Community ofthe Sisters |
||||||
| ofthe Church General | 4,452 | (4,453) | ||||
| Emergency Appeal- |
||||||
| Cyclone Harold | ||||||
| Society ofSt Francis | ||||||
| Exeter Dicoese links | 810 | 500 | (417) | 893 | ||
| Human Rights BHC |
285 | 247 | (227) | 305 | ||
| Mothers' Union |
2 | 735 | (716) | 21 | ||
| Other restricted funds | 27 | 2,470 | (2,540) | 43 | ||
| Richard Lumley Education |
||||||
| Projects grant | 4,689 | (4,689) | ||||
| Joseph Banks Society | 557 | (557) | ||||
| Christian Distinctiveness |
||||||
| Project - Vanuatu | ||||||
| Resources | 1,005 | (1,005) | ||||
| Melanesian Brotherhood |
||||||
| Ambae relocation | 92 | 1,000 | (1,092) | |||
| St Patricks Ambae | ||||||
| relocation | 35 | 3,514 | (3,549) | |||
| 8,275 | 20,827 | (21,133) | 43 | 8,012 |
| At | Gains and | At | ||||
|---|---|---|---|---|---|---|
| 1 Apr 2020 | Income | Expenditure | Transfers | losses 31 | Mar 2021 | |
| F | E | |||||
| Patteson Moss | ||||||
| Fund | 3,667 | 101 | 582 | 4,350 | ||
| Amy Rawson | 13,565 | 499 | 2,107 | 16,171 | ||
| Elenor Rawson | 13,565 | 499 | 2,107 | 16,171 | ||
| Cyril Rawson | 13,567 | 499 | 2,107 | 16,173 | ||
| 1,598 | 6,903 | 52,865 | ||||
| At | Gains and | At | ||||
| 1 Apr 2019 E |
Income F |
Expenditure E |
Transfers F |
losses 31 F |
Mar 2020 f |
|
| Patteson Moss | ||||||
| Fund | 3,685 | 74 | (92) | 3,667 | ||
| Amy Rawson | 13,319 | 495 | (249) | 13,565 | ||
| Eienor Rawson | 13,319 | 495 | (249) | 13,565 | ||
| Cyril Rawson | 13,321 | 495 | (249) | 13,567 | ||
| 43,644 | 1,559 | (839) |
| Analysis ofnet as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | TotalFunds | ||
| Funds | Funds | Funds | 2021 | ||
| F | |||||
| Investments | 3,279,855 | 45,532 | 3,325,387 | ||
| Current assets | 95,089 | 5,010 | 7,333 | 107,432 | |
| Creditors less than | 1 year | (3,179) | (3,179) | ||
| Net assets | 3,371,765 | 5,010 | 52,865 | 3,429,640 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2020 | ||
| F | F | ||||
| Investments | 2,823,074 | 44,364 | 2,867,438 | ||
| Current assets | 74,773 | 8,012 | 82,785 | ||
| Creditors less than | 1 year | (4,776) | (4,776) | ||
| Net assets | 2,893,071 | 8,012 | 2,945,447 |