| 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 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 Pinter | (Resigned | 1 November | 2022) | |||||||
| Revd K Pwaisiho | ||||||||||
| Rt Revd M J Rylands - Chair | ||||||||||
| Mr SJ Scoffield | ||||||||||
| Revd J JWise | ||||||||||
| Company | secretary | Katie Drew | ||||||||
| Independent | examiner | Catherine Williams |
FCA DChA | |||||||
| Westcotts (SW) | LLP | |||||||||
| 47 Boutport Street | ||||||||||
| Barnsta pie | ||||||||||
| Devon | ||||||||||
| EX311SQ |
| 2023 | 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||||
| funds | funds | funds | Total funds | Total funds | ||||
| Note | K | |||||||
| Income and endowments | ||||||||
| Donations and legacies |
5 | 23,853 | 34,001 | 57,854 | 50,530 | |||
| Investment income |
6 | 111,608 | 1,631 | 113,239 | 110,008 | |||
| Total income | 135,461 | 34,001 | 1,631 | 171,093 | 160,538 | |||
| Expenditure | ||||||||
| Expenditure on |
||||||||
| charitable activities |
7,8 | 136,380 | 37,210 | 173,590 | 179,210 | |||
| Total expenditure | 136,380 | 37,210 | 173,590 | 179,210 | ||||
| Net | ||||||||
| incoming/(outgoing) | ||||||||
| resources before | ||||||||
| gains/(losses) on |
||||||||
| investments | (919) | (3,209) | 1,631 | (2,497) | (18,672) | |||
| Net (losses)/gains | on | |||||||
| investments | 11 | (205,294) | (2,839) | (208,133) | 321,673 | |||
| Net (expenditure)/income | ||||||||
| and net movement | in funds | (206,213) | (3,209) | (1,208) | (210,630) | 303,001 | ||
| Reconciliation of |
funds | |||||||
| Total funds brought | forward | 3,677,787 | 9,229 | 45,625 | 3,732,641 | 3,429,640 | ||
| Total funds carried | forward | 3,471,574 | 6,020 | 44,417 | 3,522,011 | 3,732,641 |
| 1 March 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Note | 2023 | 2022 | ||||||
| Fixed assets | ||||||||
| Investments | 15 | 3,438,929 | 3,647,060 | |||||
| Current assets | ||||||||
| Debtors | 16 | 7,815 | 6,505 | |||||
| Cash at bank and | in | hand | 79,088 | 83,915 | ||||
| 86,903 | 90,420 | |||||||
| Creditors: amounts | falling due | |||||||
| within one year | 17 | 3,821 | 4,839 | |||||
| 83,082 | 85,581 | |||||||
| Net assets | 3,522,011 | 3,732,641 | ||||||
| Funds ofthe charity | ||||||||
| Endowment funds |
44,417 | 45,625 | ||||||
| Restricted funds | 6,020 | 9,229 | ||||||
| Unrestricted funds |
3,471,574 | 3,677,787 | ||||||
| Totalcharity funds |
3,522,011 | 3,732,641 |
| Donatio | ns and legacies |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| Donations | ||||
| Appeals | and donations | 22,308 | 31,710 | 54,018 |
| Gift Aid | 1,545 | 2,291 | 3,836 | |
| 23,853 | 34,001 | 57,854 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| 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 | Endowment | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | |||
| E | |||||
| Bank | interest | receivable | 1,050 | 1,050 | |
| Other | income | from fixed asset investments | 110,558 | 1,631 | 112,189 |
| 111,608 | 1,631 | 113,239 | |||
| Unrestricted | Endowment | Total Funds | |||
| Funds | Funds | 2022 | |||
| F | F | ||||
| Bank | interest | receivable | 53 | 53 | |
| Other | income | from fixed asset investments | 108,359 | 1,596 | 109,955 |
| 108,412 | 1,596 | 110,008 |
| Expenditu | re on charitable ac |
tivities by fund type |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2023 | ||
| Charitable | activities | 75,553 | 37,203 | 112,756 | |
| Support costs | 60,827 | 7 | 60,834 | ||
| 136,380 | 37,210 | 173,590 | |||
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2022 | ||
| F | F | F | |||
| 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 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant | funding | Totalfunds | Total fund | |||
| directly | of | activities | Support costs | 2023 | 2022 | ||
| F | E | ||||||
| Charitable | activities | 12,237 | 100,519 | 60,834 | 173,590 | 179,210 |
| 9. | Analysis ofsupport costs | |||
|---|---|---|---|---|
| Charitable | ||||
| activities | Total 2023 | Total 2022 | ||
| F | E | |||
| Staff costs | 46,073 | 46,073 | 40,287 | |
| Office expenses Travel and subsistence |
6,530 2,951 |
6,530 2,951 |
8,662 1,373 |
|
| Independent Examiners fees |
2,450 | 2,450 | 2,184 | |
| Trustee expenses | 463 | 463 | 1,939 | |
| Trustee training and conferences |
1,444 | 1,444 | 20 | |
| Insurance | 923 | 923 | 717 | |
| 60,834 | 60,834 | 55,182 | ||
| 10. | Analysis ofgrants | |||
| 2023 | 2022 | |||
| F | ||||
| Grants to institutions | ||||
| Grants to institutions | 100,519 | 117,805 | ||
| Total grants | 100,519 | 117,805 |
| Net (losses)/g | ains on in |
vestme | nts | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total Funds | |||||
| Funds | Funds | 2023 | |||||
| Gains/(losses) | on listed investments | (205,294) | (2,839) | (208,133) | |||
| Unrestricted | Endowment | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| f. | F | ||||||
| Gains/(losses) | on listed investments | 320,995 | 678 | 321,673 | |||
| Independent | examination | fees | |||||
| 2023 | 2022 | ||||||
| R | |||||||
| Fees payable | to the independent | examiner | for: | ||||
| Independent | examination | ofthe | financial statements | 2,450 | 2,184 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Wages and salaries | 42,818 | 36,962 | ||
| Social security costs | ||||
| Employer contributions | to pension | plans | 3,255 | 3,013 |
| 46,073 | 39,975 |
| The average head |
count of employees | count of employees | during | the year was 2 (2022: 1).The average | number | of |
|---|---|---|---|---|---|---|
| full-time equivalent |
employees | during | the year | is analysed as follows: | ||
| 2023 | 2022 | |||||
| No. | No. | |||||
| Charitable activities |
2 | 1 |
| Investments | |
|---|---|
| Listed | |
| investments | |
| Cost or valuation | |
| At 1 April 2022 | 3,647,060 |
| Additions | |
| Fair value movements | (208,131) |
| At 31 March 2023 | 3,438,929 |
| Impairment | |
| At 1 April 2022 and 31 INarch 2023 | |
| Carrying amount |
|
| At 31 March 2023 | 3,438,929 |
| At 31 March 2022 | 3,647,060 |
| 16. | Debtors | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| F | ||||
| Other debtors | 7,815 | 6,505 | ||
| 17. | Creditors: amounts | falling due within one year | ||
| 2023 | 2022 | |||
| K | ||||
| Accruals and deferred | income | 3,187 | 4,113 | |
| Social security and other taxes | 634 | 726 | ||
| 3,821 | 4,839 |
| Unrestricted fun |
ds | |||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 1 Apr 2022 | Income | Expenditure | Transfers | losses 31 | Mar 2023 | |
| F | F | F | F | |||
| General funds | 56,937 | 134,991 | (116,993) | (2,000) | 72,935 | |
| Investment | ||||||
| reserve | 3,600,850 | (205,294) | 3,395,556 | |||
| Lambeth | 20,000 | 470 | (19,387) | 2,000 | 3,083 | |
| 3,677,787 | 135,461 | (136,380) | (205,284) | 3,471,574 | ||
| At | Gains and | At | ||||
| 1 Apr 2021 | Income | Expenditure | Transfers | losses 31 | Mar 2022 | |
| F | ||||||
| General funds | 71,910 | 138,267 | (153,240) | 56,937 | ||
| Investment | ||||||
| reserve | 3,279,855 | 320,995 | 3,600,850 | |||
| Lambeth | 20,000 | 20,000 | ||||
| 3,371,765 | 138,267 | (153,240) | 320,995 | 3,677,787 |
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 1 Apr 2022 | Income | Expenditure | Transfers | losses 31 Mar 2023 | ||
| Community ofthe Sisters of |
||||||
| the Church General | 3,500 | (3,512) | 12 | |||
| Covld Emergency Solomons |
1,050 | 3,567 | (4,504) | 113 | ||
| CSC - TNK Kindy | 12 | (12) | ||||
| CSM - General | 268 | 971 | (900) | 339 | ||
| CSM - Lunch project | 1,939 | 2,825 | (2,700) | 2,064 | ||
| CSM - Chapel | 2,782 | 1,593 | (3,877) | 498 | ||
| Emergency Appeal— |
||||||
| Cyclone Harold | 50 | 50 | ||||
| Environment Observatories- |
||||||
| Solomons | 1,595 | 3,298 | (4,305) | 588 | ||
| Environment Observatories- |
||||||
| Vanuatu | 305 | 305 | ||||
| Exeter Dicoese links | 807 | 807 | ||||
| Human Rights BHC |
19 | 19 | ||||
| Melanesian Brotherhood |
38 | 2,812 | (2,812) | 38 | ||
| Mothers' Union |
21 | 21 | ||||
| Other restricted funds |
30 | 125 | 155 | |||
| Society ofSt Francis | 63 | 625 | (265) | 423 | ||
| StStephens Pamua - Girls' |
||||||
| Dorm | 250 | 2,732 | (2,807) | 175 | ||
| St Patrick' s, Vanuatu | 11,328 | (11,328) | ||||
| Dux Award | 625 | (200) | 425 | |||
| 9,229 | 34,001 | (37,210) | 6,020 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| 1 Apr 2021 f |
Income | Expenditure | Transfers | losses 31 Mar 2022 E F |
|||
| Community ofthe Sisters |
|||||||
| ofthe Church General | 4,149 | (4,149) | |||||
| Covid Emergency | |||||||
| Solornons | 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- | |||||||
| Solornons | 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 |
| Yea | r ended 31 | March | 2023 | 2023 | ||||
|---|---|---|---|---|---|---|---|---|
| 19. | Analysis of | charitable | funds (contlnuect) |
|||||
| Endowment | funds | |||||||
| At | Gains and | At | ||||||
| 1 Apr 2022 | Income | Expenditure | Transfers | losses 31 | Mar 2023 | |||
| F | F | F | ||||||
| Patteson Moss |
||||||||
| Fund | 4,262 | 104 | (139) | 4,227 | ||||
| Amy Rawson | 13,787 | 509 | (900) | 13,396 | ||||
| Elenor Rawson | 13,787 | 509 | (900) | 13,396 | ||||
| Cyril Rawson | 13,789 | 509 | (900) | 13,398 | ||||
| 45,625 | 1,631 | (2,839) | 44,417 | |||||
| At | Gains and | At | ||||||
| 1 Apr 2021 | Income | Expenditure | Transfers | losses 31 | Mar 2022 | |||
| 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 |
| Analysis ofnet as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2023 | ||
| f | |||||
| Investments | 3,394,512 | 44,417 | 3,438,929 | ||
| Current assets | 80,883 | 6,020 | 86,903 | ||
| Creditors less than | 1 year | (3,821) | (3,821) | ||
| Net assets | 3,471,574 | 6,020 | 44,417 | 3,522,011 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2022 | ||
| F | E | ||||
| 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 |