OPERATING STATEMENT FOR YEAR ENDED 30 NOVEMBER 2000

2000

1999

REVENUE

$

$

Donations and Gifts and non-monetry (1)

599,404

525,206

Legacies and Bequests

38,106

57,597

Investment Income

7,199

7,771

Other Income

67,376

265

TOTAL REVENUE

712,085

590,839

DISBURSEMENTS

Overseas Projects

*Funds to Overseas projects (1)

719,518

582,469

*Other project costs

2,000

Domestic Projects

352

Community Education

Fundraising Costs

*Public

*Government and Multilaterals

Administration

19,027

13,178

TOTAL DISBURSEMENTS

740,545

595,999

Excess of Revenue over Disbursements (Shortfall)

(0)

(5,160)

Funds Available for future use at beginning of financial year

60,549

65,709

Amounts transferred to reserves

32,089

60,549

STATEMENT OF FINANCIAL POSITION AT 30 NOVEMBER 1999

ASSETS

Cash (2)

23,367

85,488

Investments

32,714

Property plant and equipment

15,404

15,053

Prepayments and debtors

6,973

7,929

TOTAL ASSETS

45,744

141,184

LIABILITIES

Creditors and borrowings (2)

NIL

65,568

Exchange Realisation Reserve

13,655

12,549

TOTAL LIABILITIES

13,655

78,117

Net Assets

32,089

63,067

EQUITY

Exchange Realisation Reserve

NIL

2,518

Funds Available for future use

32,089

60,549

TOTAL EQUITY

32,089

63,067

Note (1) During 2000, the St. Paul Overseas Aid Committee packed and forwarded to the mission 468 boxes of mainly second-hand goods (458 in 98/99). Each box weighed about 18K with a conservative value of $770.40 for each, giving an overall value of $360,547 ($352,843 in 98/99).

Melbourne Overseas Mission Contributed $23,000 ($38,000 in 98/99) to assist in meeting freight costs. The balance, if any, is borne by St Paul's Overseas Aid Committee from their own activities. Items consisted of much needed medical supplies, soap, sheets, blankets, clothing and other items such as wound dressing and bandages.

Note (2) During August 2000, unspent funds of $67,289 held in No 2 Bank Account was transferred to the Catholic Development Fund to assist other missions with their needs. The bank account was closed on directions of Archbishop Pell. In addition, it was decided that Bank Accounts No 1 and No 3 would also be closed, and the funds consolidated in the Catholic Development Fund MOM account.

STATEMENT OF FUNDS AS AT 30 NOVEMBER 2000

30/11/00

30/11/99

$

$

Funds on hand at 1 December

60,549

65,709

add excess of income over expenditure

less excess expenditure over income

(28,460)

(5,160)

Less adjustments to accumulation account

Total

32,089

60,549

Represented by:-

Cash at bank No 1 account

16,965

Cash at bank No 2 account

65,568

Cash at bank No 3 account (held in US $)

2,955

Catholic Development Fund

23,367

32,714

Computer equipment

15,404

15,053

less provisions for depreciation

(13,655)

(12,549)

Prepayments

6,740

7,776

Sundry debtors

233

153

Total

32,089

128,635

less

Creditors

(65,568)

Exchange Translation Reserve

(2,518)

Total

32,089

60,549

TABLE OF CASH MOVEMENT FOR DESIGNATED PURPOSES

FOR THE YEAR ENDED 30 NOVEMBER 2000

PURPOSE

CASH AVAILABLE AT BEGINNING OF YEAR

CASH RAISED DURING YEAR

CASH DISBURSED DURING YEAR

CASH AVAILABLE AT END OF YEAR

REMARKS

$

$

$

$

To help people living in remote highlands of Gulf Province PNG to achieve self-sufficiency and improvement in health and living conditions

118,203

284,372

379,208

23,367

No 2 Bank Account was closed in August 2000, and unspent funds of $67,289 was transferred to Catholic Development Fund MOM Account for disbursement to other Missions.

STATEMENT OF INCOME AND EXPENDITURE

FOR PERIOD 1 DECEMBER 2000 TO 12 JANUARY 2001 

DETAILS

1999-2000

1998-99

$

$

INCOME

Donations

223,813

172,363

Interest

7,199

7,771

Bequests

38,106

57,597

Sierre Leone Appeal

265

Exchange Translation Gain

54

Transfer Unspend Funds from No. 2 Bank Account

67,289

Botswana Appeal

15,044

Sundries

33

TOTAL INCOME

351,538

237,996

EXPENDITURE

DIRECT GRANTS

PNG Bema Supplies

1,076

PNG Kanabea

100,000

100,000

PNG Kerema

30,000

PNG Cluny Sisters- Travel Costs to Kanabea and from India

1,895

4,000

Columban Fathers - Common pots - Sth America

30,000

20,000

PNG Boroko Sponsorship of Student Education

300

PNG Boroko - Maino Henduru Youth Centre

10,000

PNG Lay Missionary Support

2,000

6,624

PNG Cluny Sisters- Mission Education Supplies

1,420

St Paul's School for the Blind Overseas Aid

23,000

38,000

Vietnam- Flood Relief

15,000

Sierre Leone- Emergency Medical Supplies & Rehabilitation

20,000

12,519

Sierre Leone- Communication Training

520

Bouganville - People's Development

20,000

Bomana PNG - Peole's Development

60,000

Zambia- Sponsorship or Student Education

600

Albania Medical Rehabilitation

20,000

15,643

Bouganville freight on emergency supplies

3,000

East Timor Technical Education Improvement

10,000

East Timor - Railaco Lima Development plan Community

25,000

PNG - Waigani - Holy Spirit Community

20,000

TOTAL DIRECT GRANTS

360,971

229,626

OTHER COSTS

Lay Missionary Support/Training (Aust)

352

ADMINISTRATIVE / PROMOTIONAL COSTS

Postage/Photocopying/Telephone

2,130

1,856

Printing & Stationary

162

418

Appeal Publicity

4,838

2,028

Credit card Costs

1,164

797

Depreciation

1,106

1,670

Computer supplies and other costs

5,182

4,220

Conference and travel expenses

1,528

440

ACFOA Membership

1,360

80

Sundries

557

259

Audit Fees

1,000

1,000

Exchange Translations Loss

410

TOTAL ADMIN/PROM COSTS

19,027

13,178

TOTAL EXPENDITURE

379,998

243,156

EXCESS OF INCOME OVER EXPENDITURE (Deficit)

(28,460)

(5,160)

TOTAL

351,538

237,996