Support Rural Education And Development Society (READS);

% Spent on Beneficiaries

92%

HelpYourNGO USP: Our Research Team studies the NGO's financials to arrive at ratios, variances and the % spent on beneficiaries. This % is the proportion of direct program expenses to total expenditure for the latest financial year, indicating the total direct spend on beneficiaries.

NGO Details

Year of Establishment	:	1992
Registered Address	:	Annamalai Nagar, 77. B. Dhara Maraja Koil Street, Chetpet, Polur TK , Tiruvannamalai 606801, Tamil Nadu
Presence	:
Website	:	https://www.readscpt.org.in
Email	:	chetpetmurali@gmail.com
Telephone	:	+91 04181 252662
Donor Contact	:	Mr. G. Muralidharan / +91 9443557403 / chetpetmurali@gmail.com
Registered Under	:	Tamil Nadu Societies Registration Act, 1975
Auditor	:	F. Mohandas & Co.
Bankers	:	HDFC Bank
Trustees/Directors/Managing Committee:	:	Mr. G. Muralidaran - President, Mr. S. Vanaja - Vice President, Ms. M. Girija - Secretary, Ms. J. Anbarasi - Treasurer

Programs

Some of their activities are:

NABFINS scheme of NABARD: READS is connected to more than 900 men and women Self-Help Groups (SHG). The role of READS is to connect SHGs to NABARD Financial Services Ltd (NABFINS), which is a subsidiary of National Bank for Agricultural and Rural Development (NABARD), and support them in the process of getting micro-credit. This was a unique opportunity for women to become financially independent as most of the SHG members used their micro-credit money to buy cows, equipment for agricultural work, petty shops, etc. Loan of Rs20,000-50,000 per member is granted. So far, the total amount disbursed to SHGs under this scheme is Rs2,826.19 lakhs.
Special Residential School for Mentally Challenged Children: The Government of Tamil Nadu has sanctioned a grant for running a Special school, to facilitate 50 mentally challenged children through special education, exercises, and rehabilitation services.
The Childline Programme: READS supports and promotes a helpline called ‘CHILDLINE 1098’ as a part of the CHILDLINE India Foundation network, by reaching out to local schools every week. Interventions covered – medical help, shelter, restoration with family, rescue, finding missing children, etc.
Other programmes: (i) Agricultural training, (ii) Environmental camps, (iii) Women leadership training programmes.

Financials

FY 2013 (₹)

FY 2014 (₹)

FY 2015 (₹)

Income and Expenditure Statement 594,318 823,902 17,093

Income
Government Sources	943,652	1,056,000	860,000
Foreign Sources	81,000	66,100	6,800
Institutional Sources	537,904	939,641	719,372
General Donations	3,165	1,636	1,701
Sales/Fees	944,969	1,561,977	1,498,470
Interest/Dividend	2,279	8,427	205
Other Income	-	-	-
Total Income (A)	2,512,969	3,633,781	3,086,548

Expenditure
Direct Program Activities	1,740,835	1,722,278	2,130,451
Program Staff Cost	-	513,059	558,859
Travel Expenses	-	71,675	144,962
Direct Program Expenses	1,740,835	2,235,337	2,689,310
Fund Raising Expenses	-	-	-
General Staff Cost	-	-	-
Overhead Expenses	-	365,269	122,204
Depreciation	177,816	137,598	112,978
Other Expenses/Transfers	-	-	-
Total Expenditure (B)	1,918,651	2,809,879	3,069,455

Surplus / Deficit (A-B)	594,318	823,902	17,093

Balance Sheet 23,464,114 29,274,578 4,414,800

Assets
Fixed Assets	1,205,752	1,068,154	1,455,176
Current Assets	21,785,186	28,182,222	2,937,781
Cash And Bank	473,176	24,202	21,844
Total Current Assets	23,464,114	29,274,578	4,414,801
Investments	-	-	-
Accumulated Deficits	-	-	-
Total Assets	23,464,114	29,274,578	4,414,800

Liabilities
Trust Corpus	-	-	-
General Funds	1,736,182	2,560,084	2,577,177
Earmarked Funds	-	-	-
Unutilized Grants	-	-	-
Total	1,736,182	2,560,084	2,577,177
Loans	540,732	793,182	1,752,373
Loans (From Members)	-	-	-
Current Liabilities	21,187,199	25,921,311	85,250
Other Liabilities	-	-	-
Total Liabilities	23,464,114	29,274,578	4,414,800

Financial Notes

1) Sales/Fees are mainly on account of commission from NABARD Financial Services Ltd (NABFINS), which is a subsidiary of National Bank for Agriculture and Rural Development (NABARD).
2) The NGO has provided overall amounts spent on various projects, but not a detailed breakdown.
3) Breakup of salaries and overheads not provided in FY13.
4) In FY13 and FY14, Current Assets/Current Liabilities are mainly outstanding NABFINS Loans which have been disbursed to SHGs. From FY15 onwards, these are no longer being reported separately in the Balance Sheet.

Additional Information

	FY 2013	FY 2014	FY 2015
Beneficiary Details
Direct Beneficiaries (nos.)	6,175	8,340	1,050
Indirect Beneficiaries (nos.)	12,367	15,298	18,765
Average Cost per Direct Beneficiary (₹)	25,000	25,000	25,000
Staff Details
No. of Staff	23	13	17
Number of Consultants	-	-	-
Number Of Volunteers	-	-	-
Total	23	13	17
Highest Paid Full-Time Staff (₹ p.a.)	300,000	300,000	300,000
Lowest Paid Full-Time Staff (₹ p.a.)	42,000	42,000	42,000

Trend Analysis

Peer Comparison

NGO Name	Sector	Sub Sector	Location	% Spent on Beneficiaries	Income (₹)	Expense (₹)
	Sumruddhi Trust	Livelihood	Self Help Groups - Women	Maharashtra	93	688,559	703,700
	Rural Education And Development Society (READS)	Livelihood	Microfinance	Tamil Nadu	92	3,086,548	3,069,455
	Sita Devi Foundation	Livelihood	Financial Inclusion	Delhi	91	1,357,079	1,343,079
arr2
	Kherwadi Social Welfare Association (Yuva Parivartan)	Livelihood	Vocational Training	Maharashtra	86	241,261,020	241,023,292
arr4
	ETASHA Society	Livelihood	Vocational Training	Delhi	82	41,822,338	40,458,830
arr3
	Outreach Association of Volunteers for Rural Development	Livelihood	Comprehensive	Karnataka	79	24,575,785	26,071,792

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Rural Education And Development Society (READS)