Melbourne Overseas Missions Fund Inc

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INDEPENDENT AUDIT REPORT TO THE MEMBERS OF MELBOURNE OVERSEAS MISSIONS FUND INC. Registered Number A0010312L

SCOPE

We have audited the special purpose financial report of Melbourne Overseas Missions Fund Inc. for the year ended 30 November, 2006, as set out on pages 2 to 11 of the full report. The Committee is responsible for the financial report and has determined that the accounting policies used and described in Note 1 of the full report to the financial statements are appropriate to meet the needs of the members and the Associations Incorporation Act (Vic) 1981. We have conducted an independent audit of the financial report in order to express an opinion on it to the members. No opinion is expressed as to whether the accounting policies used, and described in Note 1 of the full report, are appropriate to their needs.

The financial report has been prepared for the purpose of fulfilling the requirements of the associations Incorporation Act (Vic) 1981. We disclaim any assumption of responsibility for any reliance on this report or on the financial report to which it relates to any person other than the members or for any purpose other than that for which it was prepared. The audit opinion expressed in this report has been formed on the above basis.

AUDIT OPINION

In our opinion, the financial report gives a true and fair view, in accordance with the accounting policies described in Note 1 to the financial statements and the Associations Incorporation Act (Vic) 1981, the financial position on Melbourne Overseas Missions Fund Inc. as at 30 November, 2006 and the results of its operations and its cash flows for the year then ended.

CHAUNDY AND HENRY
Chartered Accountants

P. W. SELKRIG
Partner
Melbourne

STATEMENT OF FINANCIAL PERFORMANCE FOR YEAR ENDED 30 NOVEMBER 2006
REVENUE	2006 $	2005 $
Donations and Gifts (2)	509,040	897,658
Legacies and Bequests	24,160	20,000
Grants
AusAID	0	0
Other Australian	0	0
Other Overseas	0	0
Investment Income	46,641	48,271
Other Income	0	0
Total Revenue	579,841	965,929
DISBURSEMENTS
Overseas Projects
Funds to Overseas Projects (2)	542,647	889,371
Other Project Costs	0	0
Domestic Projects	0	0
Community Educatioin	14,842	3,924
Fundraising Costs
Public	12,025	3,924
Government and Multilaterals	0	0
Administration	13,627	13,379
Total Disbursements	583,141	910,598
Excess of revenue over disbursements
(shortfall) before extraordinary items	-3,300	55,331
Extraordinary items	0	0
Excess of revenue over disbursements (shortfall) after extraordinary items	-3,300	55,331
Funds available for future use at the beginning of the financial year	750,217	694,886
Amounts transferred to (from) reserves	0	0
Funds available for future use at the End of the Financial Year	746,917	750,217

BALANCE SHEET FOR THE YEAR ENDED 30 NOVEMBER 2006
ASSETS	2006 $	2005 $
Cash	742,885	748,993
Investment	0	0
Property, Plant & Equipment	17,431	17,431
Other	3,729	4,918
Total Assets	764,045	771,342
LIABILITIES
Creditors and Borrowings	0	4,198
Provisions	17,128	16,927
Total Liabilities	17,128	21,125
Net Assets	746,917	750,217
EQUITY
Reserves	0	0
Funds available for future use	746,917	750,217
Total Equity	746,917	750,217

Note 2: During the financial year, St Paul's Overseas Aid Fund (OAF) Committee packed and forwarded to 96 Mission Stations a total of 403 boxes (2005: 661 boxes) each weighing 16.0kg (average) and valued at $322,400 (2005: $528,000). Melbourne Overseas Missions Fund Inc (MOM) assisted St Paul's OAF in meeting the large freight costs on these boxes by contributing $40,000 (2005: $47,000). Any extra freight costs were borne by St Paul's OAF from its own resources. The boxes contained various items of medical supplies, such as, wound dressings and bandages, soap, sheets, blankets and clothing. In addition to the above, Melbourne Overseas Missions Fund Inc. sent 14 boxes to Papua New Guinea containing items of clothing, toys, computer equipment, blankets and books. The value of these items was $5,000.

It is stated that there was no single appeal or other form of fund raising for a designated purpose, generating 10% or more of total income for the period under review.

PURPOSE: To encourage self help and self reliance through education programs of literacy, gender equality, human rights, health, hygiene, agriculture, cottage industry and small business cooperatives.

Cash Movements for Designated Purposes for the year ended 30 November 2006
	Cash available at beginning of Year	Cash Raised During Year	Cash Disbursed During Year	Cash Available at End of Year	Comments
Annual Appeal	748,742	251,191	258,549	741,384	Normal Annual Church Appeal
Tsunami Donations	251	1,250	0	1,501	Tsunami Donations
Total	748,993	252,441	258,549	742,885

An audited full financial statement is available on request to the secretary, Melbourne Overseas Missions. Additional information and reports are available on the web site or by Email to secretary@mom.org.au

Melbourne Overseas Missions Fund Inc.
Cardinal Knox Centre, PO Box 146
East Melbourne, Victoria 8002