Financial Statements

Donation to Karuna Setu Trust is exempted under section 80 G of income Tax Act 1961

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KARUNA SETU TRUST – VADNAGAR Registration No. E/2664/Mehsana Balance sheet as at 31/03/2014

SCHEDULE  IXC.

State of Income liable to contribution for the year ending  31-03-2014

Name of Public Trust     : Karuna Setu Trust - Vadnagar

Registration No.              : E/2664/Mehsana

  Rs. Rs.

(A)  INCOME AS SHOWN IN THE INCOME AND EXPENDITURE
ACCOUNT (SCHEDULE IX)

  91,96,934-00

(1)  ITEMS  NOT  CHARGEABLE  TO  CONTRIBUTION  UNDER SECTION 58 AND RULE 32 :

   

1.    Donations received from other public Trusts and Dharmadas.

 

 

2.    Grants by Government and Local authorities.

78,75,028-00

 
3.         Interest on Sinking or Depreciation Fund.    

4.    Amount spent for Educationalist

7,13,570-00

 
5.         Amount spent for the purpose of medical relief. 1,51,979-00  
6.         Amount spent for the purpose of veterinary treatment of animals    

7.    Expenditure incurred from donations for relief of distress caused by scarcity, drought, flood, fire or other natural calamity.

   

8.    Deductions  out  of  income  from  leads  used  for  agricultural purposes;
(a)        Land Revenue and Local Fund Cess. (b)         Rent payable to superior landlord.
(c)        Cost of production if lands are cultivated by trust.

   

9.    Deduction out of income from lands used for non agricultural purposes:
(a)        Assessment Cesses and other Government or Municipal taxes.
(b)        Ground rent payable to the super landlord. (c)  Insurance premium.
(d)        Repairs at 81/3    percent of gross rent of building.
(e)        Cost of collect on at 4 percent of gross rent of building let out.

   

10.  Cost of collection of income or receipts from Securities Stocks etc.  as   1 percent of such income.

   
11.  Deductions  on  account  of  repairs  in  respect  of  buildings  not rented  and yielding no income at 10 percent of the estimated gross annual rent.    
    87,40,577-00
Gross Annual Income chargeable to Contribution Rs.   4,56,357-00
Total...   91,96,934-00

 

 

Income & Expenditure A/c. for the Year Ended on - 31-3-2014

INCOME Amount Rs. EXPENDITURE Amount Rs.
By Rent -

To Expenses in respect of  properties

 

By Interest

 

Raja-Chithi Expense

78,858-00

Bank Account

6,83,405-00 Municipal Tax

13,002-00

By Dividend

-

Water Connection

3560-00
    To Administrative Exp. 66,380-00

By Donations

     

80 (G) Donation

55,19,879-00

To Remuneration to Trustee.

 
35 A.C. Donation

20,35,549-00

Audit Fee

5,500-00

Foreign Donation 1,28,894-00

Court Expense

22,500-00
General Donation

1,90,708-00

   
    To Miscellaneous Exp.  
   

(Schedule No. :- 1)

2,55,062-00

By Donations in cash or kind

-    
   

To Depreciation

 

By Grants

     
   

To Amt. Tra. To Reserve Fund

 
   

For Medical Relief Fund

70,00,000-00

By Other Income

     

Excess of Vasant Prabha Medical

3,15,420-50

To Expenditure on objects

of the  trust

 
Selling Waste 73,725-00    
Kasar 47-00    
Medical Sto Increase 1,36,896-00    
Ghramin Seva 1,12,413-00    

By Agriculture Income

 

(Schedule No. :- 2)

13,80,294-00

 

By Transfer From Resent.      
By Deficit taken over to B/s.  

To Surplus carried over to B/s.

3,71,778-00

TOTAL.....

91,96,934-59

TOTAL.....

91,96,934-59

 

BALANCE SHEET AS AT 31-03-2014

FUNDS AND LIABILITIES

Amount Rs.

PROPERTY AND ASSETS

Amount Rs.

Trust Fund  

Immovable Properties :

 

P.B.

1,73,596-20

(Schedule No. :- 6)

2,70,53,055-68

       
   

Investments :

 
   

N.S.C. Certificate P.B.

25,000-00
Other Earmarked Funds      

(Schedule No. :- 2)

2,19,277-00

Deadstock/ Furniture :  
Bank Of Baroda OD 44,90,681-00 Movable Properties :  
Schedule-4 35,00,000-00 Closing Stock

4,68,539-63

   

(Schedule No. :- 7)

5,88,728-00

Depreciation Fund :      
   

Loans :

 
   

 

25,000-00

Loans :      
Late. Dwarkadas Joshi P.B.

3,000-00

Debtors :Schedule-8 5,27,366-00
Reserve

3,000-00

Advances :  
   

Gas Cylinder Deposit

3,400-00
   

Gas Deposit (I.C.D.S)

42,749-00

   

U.G.V.C.L.

41,230-00

Liabilities  :  

Parul Gas Agency

3,400-00
Schedule No 5 2,29,898-00    
I.C.D.S Grant 75,27,410-00

Income Outstanding :

 
Mukund & Associates 2500-00

(Schedule No. :- 6)

6,37,318-00

Contingency Fund 10,233-00    

Income & Exp. A/c. :

 

Cash & Bank Balance :

 

P.B.                    1949874-42

 

(Schedule No. :- 10)

1,07,83,461-00

Add.                    371778-59

23,21,653-01

   
    Income & Exp. A/c. :  

Total...

4,01,75,244-21

Total... 4,01,75,244-21

 

Name of Trust :  Karuna Setu Trust - Vadnagar
Year  2013-14

Schedule "1"

Schedule"3"
Miscellaneous Exps. : Amount Rs. Earmarked Funds : Amount Rs.
Gardening

3909-00

Corpus Fund P.B. 28,01,576-00
Misc 40,293-00    
Sundries

24,465-00

Vadilal Anna Fund P.B.

2,00,000-00

Stationery

66,970-00

35 A.C. Fund P.B.

37,61,701-00

Postage

16,044-00

Medical Relief Fund :  
Petrol Expense

12,565-00

P.B.     7650000-00

Add.     7500000-00

1,51,50,000-00
Tractor Repairing

13,525-00

 

 

Telephone 27,328-00 Total... 2,19,13,277-00
Bank Comission 3416-00    
Mineral Water Expense 1710-00

Schedule "6"

Advertisement 3050-00 Immovable Properties : Amount Rs.
Travelling 14,907-00 Building P.B.

50,765-68

Computer Expense 2000-00 Land Purchase :  
Income Tax Fee 4600-00

New                 162290-00

Deed               3241000-00

48,65,290-00

Electricity 14080-00

New Hospital Construction

 
Survey Expense 4000-00 During the Year 17,79,023-00
    Addition 20357977-00
Income Tax Deduction 2000-00 Total... 22137000-00
       

Schedule "2"

Schedule "7"

Objects :Expenses for

Amount Rs. Movable Properties : Amount Rs.
    Water Tanker Purchase 80,000-00
Nursing College Fee 75,000-00 Grounder Machine 5800-00
Food Grain 2,16,468-00 Tractor Purchase

2,10,000-00

    Furniture 19,059-00
Education 7,13,570-00 Vasant-Prabha Hospital :  
Help To Poor 2,99,028-00 Furniture

5,750-00

Home For Poor 43,055-00 Bike Purchase

15,000-00

Aurvedic Medicine Help 8570-00 Medical Store

1,25,000-00

Enivornment Protection 24,585-00 Furniture(New)

1,06,119-00

    Fridge Purchase 22,000-00
       
Total... 28,59,891-00 Total... 5,88,728-00

 

Name of Trust :  Karuna Setu Trust - Vadnagar
Year  2013-14

Schedule "10"

Cash & Bank Balance :   Amount Rs.
Trust :    
Cash on Hand 1240-61-00  
Bank of Baroda (S) 674528-43  
Bank of Baroda (Foreign) 23712-00  
Meh.Dist.Bank (S) 1659-54  
Dena Bank (S) 3632-00  
Bank of Baroda (35 A.C.) 83856-50  
Bank of Baroda (F.D.) 563236-83

6,22,840-93

 
     

Hospital :

   
Cash on Hand 59614-00  
Bank of Baroda (S) 563226-93  
Bank of Baroda (F.D.)

622840-93

     

Medical Store :

   
Cash on Hand 25711-50  
Bank of Baroda (S) 235063-00

260774-50

     

Gramin Seva Sansthan :

   
Cash on Hand  
Bank of Baroda (S) 25866-00

25,866-00

Total ....

1830336

1830336

     

Schedule "6"

Income Outstanding :   Amount Rs.
Vasant-Prabha Hospital :    
T.D.S. From Interest  

11,209-00

R.S.B.Y.    
P.B. 188838-00  
Add. 212634-00

4,01,472-00

     

Trust :

   

T.D.S. From Interest

   
P.B. 28991-00  
Less Refund 1554-00

27,437-00

Total ....   4,40,118-00