| Pages | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | 1to 8 | ||
| 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 25 |
| Registered | charity | name | name | The Melanesian | Mission | 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 | ||||||
| Revd M BCox | |||||||
| Revd C Duce | |||||||
| Ven Dr M R Gilbertson | -Vice Chair | ||||||
| Mrs D Jordan | |||||||
| Revd J Pinder | |||||||
| Miss K Pwaisiho | |||||||
| Mr SJ Scoffield | |||||||
| Rt Revd M J Rylands - Chair | |||||||
| Revd J JWise | |||||||
| Company | secretary | Katie Drew | |||||
| Independent | examiner | Catherine Williams ACA DChA |
|||||
| Westcotts LLP | |||||||
| Chartered Accountants |
|||||||
| 47 Boutport Street | |||||||
| Barn staple | |||||||
| Devon | |||||||
| EX31 1SQ |
| 2022 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | |||||
| funds | funds | funds | Total funds | Total funds | |||
| Note | |||||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 29,855 | 20,675 | 50,530 | 72,647 | ||
| investment income |
6 | 108,412 | 1,596 | 110,008 | 105,811 | ||
| Total income | 138,267 | 20,675 | 1,596 | 160,538 | 178,458 | ||
| Expenditure | |||||||
| Expenditure on |
|||||||
| charitable activities |
7,8 | 153,240 | 16,456 | 9,514 | 179,210 | 152,214 | |
| Total expenditure | 153,240 | 16,456 | 9,514 | 179,210 | 152,214 | ||
| Net gains on | |||||||
| investments | 11 | 320,995 | 678 | 321,673 | 457,949 | ||
| Net income and net | |||||||
| movement in funds |
306,022 | 4,219 | (7,240) | 303,001 | 494,193 | ||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 3,371,765 | 5,010 | 52,865 | 3,429,640 | 2,945,447 | |
| Total funds carried | forward | 3,677,787 | 9,229 | 45,625 | 3,732,641 | 3,429,640 |
| Donatio | ns and legacies |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| F | F | |||
| Donations | ||||
| Appeals | and donations | 27,167 | 19,638 | 46,805 |
| Gift Aid | 2,688 | 1,037 | 3,725 | |
| 29,855 | 20,675 | 50,530 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| F | F | |||
| 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 | Endowment | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| Sank | interest | receivable | 53 | 53 | |
| Other | income | from fixed asset investments | 108,359 | 1,596 | 109,955 |
| 108,412 | 1,596 | 110,008 | |||
| Unrestricted | Endowment | Total Funds | |||
| Funds | Funds | 2021 | |||
| F | |||||
| Bank | interest | receivable | 155 | 155 | |
| Other | income | from fixed asset investments | 104,058 | 1,598 | 105,656 |
| 104,213 | 1,598 | 105,811 |
| Expenditur | e on charitable a |
ctivities by fund type |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2022 | ||
| Charitable | activities | 98,960 | 15,554 | 9,514 | 124,028 |
| Support costs | 54,280 | 902 | 55,182 | ||
| 153,240 | 16,456 | 9,514 | 179,210 | ||
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2021 | ||
| F | F | ||||
| Charitable | activities | 57,212 | 53,905 | 111,117 | |
| Support costs | 41,078 | 19 | 41,097 | ||
| 98,290 | 53,924 | 152,214 |
| Activities | ||||||||
|---|---|---|---|---|---|---|---|---|
| undertaken | Grant | funding | Total funds | Total fund | ||||
| directly | of | activities | Support | costs | 2022 | 2021 | ||
| F | F | F | ||||||
| Charitable | activities | 6,223 | 117,805 | 55,182 | 179,210 | 152,214 |
| Analysis o | fsup | po | rt costs | |||
|---|---|---|---|---|---|---|
| Charitable | ||||||
| activities | Total 2022 | Total 2021 | ||||
| F | F | |||||
| Staff costs | 40,287 | 40,287 | 36,515 | |||
| Other employment | costs | 56 | ||||
| Office expenses | 8,662 | 8,662 | 1,830 | |||
| Travel and | subsistence | 1,373 | 1,373 | 267 | ||
| Independent | Examiners fees | 2,184 | 2,184 | 1,610 | ||
| Trustee expenses | 1,939 | 1,939 | 39 | |||
| Trustee training | and conferences | 20 | 20 | |||
| Insurance | 717 | 717 | 780 | |||
| 55,182 | 55,182 | 41,097 |
| Yea | r ended 31 | March 2022 | |||||
|---|---|---|---|---|---|---|---|
| 10. | Analysis of | grants | |||||
| 2022 f |
2021 | ||||||
| Grants to institutions | |||||||
| Grants to institutions | 117,805 | 104,242 | |||||
| Total grants | 117,805 | 104,242 | |||||
| The Trustees | make an annual | grant of F39,000 to the Anglican | Church | of Melanesia | (ACoM). | ||
| Applications | for further grants | are considered | by the Trustees as | appropriate. |
| 11. | Net gains on | investments | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total Funds | ||||||
| Funds | Funds F |
2022 f |
||||||
| Gains/(losses) | on listed investments | 320,995 | 678 | 321,673 | ||||
| Unrestricted | Endowment | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| F | ||||||||
| Gains/(losses) | on listed investments | 451,046 | 6,903 | 457,949 | ||||
| 12. | Independent | examination | fees | |||||
| 2022 | 2021 | |||||||
| F | ||||||||
| Fees payable | to the independent | examiner | for: | |||||
| Independent | examination | ofthe | financial statements | 2,184 | 1,610 |
| The total | staf | f costs | an | d emplo | yee | ben | efits for | the reporting p |
eriod are analysed as fol |
lows: |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| E | ||||||||||
| Wages and salaries | 37,274 | 33,738 | ||||||||
| Social security costs | ||||||||||
| Employer | contributions | to pension | plans | 3,013 | 2,777 | |||||
| 40,287 | 36,515 | |||||||||
| The average | head | count of employees | during | the year was | 1 (2021:1).The average | number of | ||||
| full-time | equivalent | employees | during | the year | is analysed as | follows: | ||||
| 2022 | 2021 | |||||||||
| No. | No. | |||||||||
| 1 |
| Investments | |
|---|---|
| Listed | |
| investments | |
| Cost or valuation | |
| At 1 April 2021 | 3,325,387 |
| Additions | |
| Fair value movements | 321,673 |
| At 31 March 2022 | 3,647,060 |
| Impairment | |
| At 1 April 2021 and 31 March 2022 | |
| Carrying amount |
|
| At 31 March 2022 | 3,647,060 |
| At 31 March 2021 | 3,325,387 |
| 16. | Debtors | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Other debtors | 6,505 | 3,156 | ||
| 17. | Creditors: amounts | falling due within one year | ||
| 2022 | 2021 | |||
| Accruals and deferred | income | 4,113 | 2,611 | |
| Social security and other taxes | 726 | 568 | ||
| 4,839 | 3,179 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| 1 Apr 2021 | Income | Expenditure | Transfers | losses | 31 Mar 2022 | ||
| F | F | F | F | ||||
| General | funds | 71,910 | 138,267 | (153,240) | 56,937 | ||
| Investment | |||||||
| reserve | 3,279,855 | 320,995 | 3,600,850 | ||||
| Lambeth | 2022 | 20,000 | 20,000 | ||||
| 3,371,765 | 138,267 | 1153,2401 | 320,995 | 3,677,787 | |||
| At | Gains and | At | |||||
| 1 Apr 2020 | Income | Expenditure | Transfers | losses | 31 Mar 2021 | ||
| 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 |
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 1 Apr 2021 | Income | Expenditure | Transfers | losses 31 | liar 2022 | |
| F | F | F | F | F | ||
| Community ofthe Sisters of |
||||||
| the Church General | 4,149 | (4,149) | ||||
| Covid Emergency | ||||||
| Solomons | 1,203 | (153) | 1,050 | |||
| CSC - TNK Kindy | 12 | 12 | ||||
| CSM - General | 188 | 450 | (370) | 268 | ||
| CSM - Lunch project | 1,745 | 2,669 | (2,475) | 1,939 | ||
| CSM - Chapel | 1,165 | 7,617 | (6,000) | 2,782 | ||
| Emergency Appeal- |
||||||
| Cyclone Harold | 50 | 50 | ||||
| Environment Observations- |
||||||
| Solomons | 1,595 | 1,595 | ||||
| Environment Observations- |
||||||
| Vanuatu | 305 | 305 | ||||
| Society ofSt Francis | 157 | 63 | (157) | 63 | ||
| Exeter Dicoese links | 1,643 | 66 | (902) | 807 | ||
| Human Rights BHC |
19 | 19 | ||||
| Melanesian Brotherhood |
288 | (250) | 38 | |||
| Mothers' Union |
21 | 21 | ||||
| Other restricted funds |
10 | 2,020 | (2,000) | 30 | ||
| StStephens Pamua —Girls' |
||||||
| Dorm | 250 | 250 | ||||
| 5,010 | 20,675 | (16,456) | 9,229 |
| Year ended 31 March | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| 19. Analysis ofcharitable | funds | (continued) | |||||
| At | Gains and | At | |||||
| 1 Apr 2020 | Income | Expenditure | Transfers | losses 31 | Mar 2021 | ||
| E | 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 ofSt Francis | 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 |
| wment f |
unds | ||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | At | |||||
| 1 Apr 2021 | Income | Expenditure | Transfers | losses 51 Mar 2022 | |||
| F | |||||||
| Patteson | Moss | ||||||
| Fund | 4,350 | 102 | (484) | 294 | 4,262 | ||
| Amy Rawson | 16,171 | 498 | (3,010) | 128 | 13,787 | ||
| Elenor Rawson | 16,171 | 498 | (3,010) | 128 | 13,787 | ||
| Cyril Rawson | 16,173 | 498 | (3,010) | 128 | 13,789 | ||
| 52,865 | 1,596 | (9,514) | 678 | 45,625 | |||
| At | Gains and | At | |||||
| 1 Apr 2020 | Income | Expenditure | Transfers | losses 31 Mar 2021 | |||
| 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 | |||
| 44,364 | 1,598 | 6,903 | 52,865 |
| Analysis of net as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2022 | ||
| Investments | 3,601,435 | 45,625 | 3,647,060 | ||
| Current assets | 81,191 | 9,229 | 90,420 | ||
| Creditors less than | 1 year | (4,839) | (4,839) | ||
| Net assets | 3,677,787 | 9,229 | 45,625 | 3,732,641 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2021 | ||
| 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 |