Download the 2005 Annual Report as a PDF.
click here to download 2005 Annual Report
Annual Reports
...now browsing by category
Annual Report 2005
Thursday, April 27th, 2006Annual Report 2004
Wednesday, April 27th, 2005INDEPENDENT AUDIT REPORT TO THE MEMBERS OF MELBOURNE OVERSEAS MISSIONS FUND INC.
Registered Number A0010312L
Scope
We have audited the summarised financial report of Melbourne Overseas Missions Fund Inc. for the financial year ended 30 November 2004 in accordance with Australian Auditing Standards.
The summarised financial report is derived from the Association’s annual statutory financial report.
Annual Report 2003
Tuesday, April 27th, 2004STATEMENT OF INCOME AND EXPENDITURE
FOR PERIOD 1 DECEMBER 2002 TO 30 NOVEMBER 2003
| DETAILS | 1/12/02-30/11/03 | 1/12/01-30/11/02 |
| $ | $ | |
| INCOME | ||
| Donations | 178,688 | 159,608 |
| Interest | 5,306 | 5,477 |
| Bequests | 15,000 | 9,102 |
| Bomana Donations | 35,000 | 1,000 |
| Botswana Donations | 6,062 | 4,716 |
| Order of St Lazarus Donations | 10,180 | |
| Bema Donations | 1,480 | |
| Sierra Leone Donations | 1,200 | |
| Sundries | 5 | |
| TOTAL INCOME | 252,916 | 179,908 |
| EXPENDITURE DIRECT GRANTS |
||
| PNG BEMA including Sr Ursula Nihill | 1,180 | 26,634 |
| PNG Kanabea | 72,200 | 59,595 |
| Botswana | 6,000 | 5,000 |
| PNG Boroko Sponsorship of Student Education | 10,000 | |
| PNG Boroko- Canossian Sisters | 500 | |
| PNG Cluny Sisters- Projects and Brigidine Teacher Funds | (5,790) | 11,300 |
| St Pauls School for the Blind Overseas Aid | 59,000 | 48,000 |
| East Timor Salesians | 500 | |
| PNG-Waigani- Holy Spirit Seminary_Bomana | 27,119 | 9,608 |
| Community Education | 6,823 | 800 |
| Order of St Lazarus Appeal | 10,200 | |
| Christian Brothers Foundation | 5,000 | |
| Columban Fathers- Peru | 10,000 | |
| Cluny Sisters-Sierra Leone | 10,000 | |
| TOTAL DIRECT GRANTS | 196,732 | 176,937 |
| OTHER COSTS | ||
| Lay Missionary Support Training (Gambia and Boama PNG) | 10,242 | 3,548 |
| ADMINISTRATIVE / PROMOTIONAL COSTS | ||
| Postage/Photocopying/Telephone | 2,072 | 1,656 |
| Printing and Stationery | 15 | 288 |
| Appeal Publicity | 7,048 | 8,917 |
| Credit Card Costs | 958 | 745 |
| Depreciation | 831 | 877 |
| Computer supplies and other costs | 6,009 | 5,723 |
| Conference and travel expenses | 1,599 | 122 |
| ACFOA Membership | 1,436 | 1,844 |
| Sundries | 483 | 272 |
| Audit Fees | 1,000 | 1,000 |
| TOTAL ADMIN/PROM COSTS | 21,451 | 21,444 |
| TOTAL EXPENDITURE | 228,425 | 201,929 |
| EXCESS OF INCOME OVER EXPENDITURE (Deficit) | 24,491 | 24,491 |
| TOTAL | 252,916 | 179,908 |
STATEMENT OF FUNDS AS AT 30 NOVEMBER 2003
| 30/11/03 | 30/11/02 | |
| $ | $ | |
| Funds on hand at 1 December | 2,164 | 24,185 |
| add excess of income over expenditure | 24,491 | |
| less excess expenditure over income | (22,021) | |
| Balancing Item (see Supplementary Statement for details) | 5,531 | |
| TOTAL | 32,186 | 2,164 |
| Represented by: | ||
| Catholic Development Fund | 21,641 | 93,842 |
| CDF Kanabea Mission Account | 5,531 | 0 |
| Computer Equipment | 17,431 | 16,518 |
| less provisions for deprecation | (16,033) | (15,202) |
| Prepayments | 3,462 | 6,328 |
| Sundry debtors | 154 | 678 |
| Sundry creditors | (100,000) | |
| TOTAL | 32,186 | 2,164 |
KANABEA MISSION ACCOUNT NO 57657 S11.1 STATEMENT OF RECEIPTS AND PAYMENT
FOR PERIOD 16 MAY 2003 TO 30 NOVEMBER 2003
| DATE | RECEIPTS | PAYMENTS | |||
| $ | $ | ||||
| 16/05/03 | Anon | 7,531 | 25/06/03 | MOM | 2,000 |
| 30/11/03 | Bal c/d | 5,531 | |||
| TOTAL | 7,531 | TOTAL | 7,531 | ||
| 01/12/03 | Bal b/f | 5,531 | |||
CASHFLOW FOR THE FINANCIAL YEAR ENDING 30/11/2003
| CASHFLOW FROM OPERATING ACTIVITIES | 2003 | 2002 |
| $ | $ | |
| Donations Recieved | 240,141 | 165,324 |
| Legacies and Bequests | 15,000 | 9,102 |
| Payments to Suppliers and Employees | (328,214) | (101,819) |
| Investmnet Income | 5,306 | 5,477 |
| Other Income | 2,011 | 5 |
| Net cash provided by operating activities | (65,756) | 78,089 |
| CASHFLOW FROM INVESTING ACTIVITIES | ||
| Fixed Asset Purchases | (914) | (1,114) |
| Proceeds on sale of fixed assets | ||
| Net cash provided (used by investing activities) | (914) | (1,114) |
| CASHFLOW FROM FINANCING ACTIVITIES | ||
| Repayment of borrowings | ||
| Net cash used in financing activities | ||
| Net increase in cash held | (66,670) | 76,975 |
| Cash at the beginning of the financial year | 93,842 | 16,867 |
| Cash at the end of the financial year | 27,172 | 93,842 |
DONATIONS MONETARY AND NON-MONETARY
FOR PERIOD 1 DECEMBER 2002 TO 30 NOVEMBER 2003
| DETAILS | 1/12/02-30/11/03 | 1/12/01-30/11/02 |
| $ | $ | |
| Donations | 178,688 | 159,608 |
| Bomana Donations | 35,000 | 1,000 |
| Botswana Donations | 6,062 | 4,716 |
| Order of St Lazarus Donations | 10,180 | 0 |
| Bema Donations | 1,480 | 0 |
| Sierra Leone Donations | 1,200 | 0 |
| Kanabea Mission Fund | 7,531 | |
| TOTAL | 240,141 | 165,324 |
| Non-Monetary Donations | 518,400 | 643,680 |
| TOTAL DONATIONS | 758,541 | 809,004 |
TABLE OF CASH MOVEMENTS FOR DESIGNATED PURPOSES
FOR THE YEAR ENDED 30 NOVEMBER 2003
| PURPOSE | CASH AVAILABLE AT BEGINNING OF YEAR | CASH RAISED DURING YEAR | CASH DISBURSED DURING YEAR | CASH AVAILABLE AT END OF YEAR | REMARKS |
| $ | $ | $ | $ | ||
| As per Annual Report | 93,842 | 262,458 | 329,128 | 27,172 |
| OPERATING STATEMENT FOR YEAR ENDED 30 NOVEMBER 2003 | ||
| 2003 | 2002 | |
| REVENUE | $ | $ |
| Donations and Gifts – Monetary and non- monetary (1) | 758,541 | 809,004 |
| Legacies and Bequests | 15,000 | 9,102 |
| Investment Income | 5,306 | 5,477 |
| Other Income | 0 | 5 |
| TOTAL REVENUE | 778,847 | 823,588 |
| DISBURSEMENTS Overseas Projects |
||
| * Funds to Overseas Projects (1) | 710,309 | 819,817 |
| * Other Project Costs | 10,242 | 3,548 |
| Domestic Projects | ||
| Community Education | 6,823 | 4,620 |
| Fundraising Costs | ||
| * Public | 7,048 | 5,098 |
| * Government and Multilaterals | ||
| Administration | 14,403 | 12,527 |
| TOTAL DISBURSEMENTS | 748,825 | 845,610 |
| Excess of Revenue over Disbursements (shortfall) | 30,022 | (22,022) |
| Funds available for future use at beginning of financial year | 2,164 | 24,185 |
| Amounts transferred to reserves | 32,186 | 2,163 |
| STATEMENT OF FINANCIAL POSITION AS AT 30 NOVEMBER 2003 | ||
| ASSETS | ||
| Cash | 27,172 | 93,842 |
| Investments | ||
| Property, plant and equipment | 17,431 | 16,518 |
| Other | 3,616 | 7,006 |
| TOTAL ASSETS | 48,219 | 117,366 |
| LIABILITIES | ||
| Creditors and borrowings | 0 | 100,000 |
| Provision for deprecation | 16,033 | 15,202 |
| TOTAL LIABILITIES | 16,033 | 115,202 |
| Net Assets | 32,186 | 2,164 |
| EQUITY | ||
| Funds available for future use | 32,186 | 2,164 |
| TOTAL EQUITY | 32,186 | 2,164 |
Note 1: During the financial year 2002-2003, the St. Paul Overseas Aid Fund (OAF) Committee packed and forwarded to 92 Mission Stations a total of 600 boxes (745 in 01/02) and each weighing an average of 16K and valued overall at $518,400 ($643,680 in 01/02).
Melbourne Overseas Missions Fund Inc. Assisted St Paul’s Overseas Aid Fund in meeting the large freight cost on these boxes by contributing $59,000 ($48,000 in 01/02). Any extra freight costs were borne by St Paul’s OAF from their own resources. Items contained in the boxes consisted of urgently required medical supplies such as wound dressings and bandages, soap, sheets, blankets and clothing.
