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||||||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|
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|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||||||
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||||||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|
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|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|
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|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|
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||||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|
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|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|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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|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|
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|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|
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