ANNUAL FINANCIAL REPORT Auditors: R. H. MIrasdar & Co. Pune
Financial Year: 2015-2016 Assessment Year: 2016-2017
| Funds & Liabilities | Sch | Rs. | Properties & Assets | Sch | Rs. |
|---|---|---|---|---|---|
| Trust Fund & Corpus | 1 | 1,17,251 | Furniture | 2 | 367 |
| Loans (Liability) | 7 | 7,163 | Investments | 3 | 6,77,725 |
| Current Liabilities | 8 | 1,00,757 | Advances | 4 | 2,600 |
| Provisions | 9 | - | Current Assets | 5 | 1,53,891 |
| Income & Expenditure Account Balance | 9 | 14,01,767 | Cash &Bank Balance | 6 | 7,92,365 |
| Total | 16,26,938 | Total | 16,26.938 |
Income & Expenditure Account for the period 01.04.2019 to 31.03.2020
| Expenditure | Sch | Rs. | Income | Sch | Rs. |
|---|---|---|---|---|---|
| To Audit Fees | - | 10,000 | By membership fees | - | 29,818 |
| To miscellaneous expenditure | - | 345 | By interest on Bank A/c | - | 19,694 |
| To depreciation | - | 40,213.15 | By income from activities of trust | - | 12,93,622 |
| To expenditure on objects of trust | - | 9,64,540.09 | By interest on FDs | - | 62,1119 |
| To Income Tax paid | - | 20,913 | By interest on Income Tax refund | - | 2903 |
| To Surplus carried over to balance sheet | - | 3,72,144.76 | By work in progress By excess of income over-expenditure | - | |
| Total | 14,08,156 | Total | 14,08,156 |
Observations of the Auditors: We confirm that the activities of the trust have been carried out from the following Locations/Divisions during the year apart from the head office in Pune. (Aurangabad, Kolhapur and Nashik Divisions). Vouchers for transactions of receipts and payments thereat have been incorporated in the books to the extent of statements of receipts and payments received from the respective Division (Only on strength of respective Bank statements). For the year 2015-16 no record/details of these Divisions have been received at the head office and therefore could not be incorporated in the books.
Observations of the Chairman: The observations made by the Auditors regarding the financial transactions of the above mentioned Divisions are of serious nature and their accounts are expected to be supported by proper receipts and vouchers for want of which their accounts could not be incorporated in the account books of Sevak Sangh.