| | Rs, Y/E March 31 | | Income & Expenditure Statement | 2012 | 2013 | 2014 | | Income From | | Government Sources | 4,140,881 | 3,900,583 | 4,418,433 | | Institutional Sources | 0 | 0 | 0 | | Foreign Sources | 0 | 0 | 0 | | Donations | 4,627,329 | 3,310,774 | 3,730,324 | | Sales/Fees | 1,992,504 | 2,658,125 | 2,894,556 | | Interest/Dividend | 2,951,387 | 3,025,681 | 3,833,254 | | Other Income | 31,300 | 28,928 | 39,155 | | Total Income (A) | 13,743,401 | 12,924,091 | 14,915,722 | | | Expenses For | | Direct Programme Activities | 3,006,344 | 2,534,833 | 3,163,257 | | Programme Staff Cost | 6,357,596 | 7,314,263 | 7,615,328 | | Travel Expenses | 78,852 | 80,764 | 99,383 | | Direct Programme Expenses | 9,442,792 | 9,929,860 | 10,877,968 | | Fund Raising Expenses | 0 | 0 | 0 | | General Staff Cost | 320,000 | 480,000 | 520,000 | | Overhead Expenses | 1,998,400 | 2,652,799 | 2,421,329 | | Depreciation | 501,452 | 535,382 | 452,742 | | Other Expenses/Transfer | 0 | 0 | 0 | | Total Expenditure (B) | 12,262,644 | 13,598,041 | 14,272,039 | | Surplus / (Deficit) (A-B) | 1,480,757 | -673,950 | 643,683 | | | Balance Sheet | 2012 | 2013 | 2014 | | Assets | | Fixed Assets | 2,327,400 | 2,893,469 | 6,835,025 | | Current Assets (excl. Cash) | 1,543,206 | 1,603,276 | 1,481,318 | | Cash/Bank | 3,130,944 | 7,059,521 | 3,532,555 | | Investments | 36,000,000 | 35,850,000 | 40,350,000 | | Accumulated Deficits | 0 | 0 | 0 | | Total Assets | 43,001,550 | 47,406,266 | 52,198,898 | | | Liabilities | | Corpus / Share Capital | 11,727,670 | 13,651,520 | 15,376,520 | | General Funds | 1,317,643 | 643,693 | 1,287,376 | | Earmarked Funds | 29,194,165 | 32,295,233 | 34,750,479 | | Loans | 0 | 0 | 0 | | Current Liabilities | 762,072 | 815,820 | 784,523 | | Total Liabilities | 43,001,550 | 47,406,266 | 52,198,898 | | | Other Details | 2012 | 2013 | 2014 | | Direct Beneficiaries (Nos) | N.A. | N.A. | N.A. | | Indirect Beneficiaries (Nos) | N.A. | N.A. | N.A. | | Cost Per Direct Beneficiary (Rs) | N.A. | N.A. | N.A. | | Number of Staff | N.A. | N.A. | N.A. | | Highest Salary (Rs p.a.) | N.A. | N.A. | N.A. | | Lowest Salary (Rs p.a.) | N.A. | N.A. | N.A. |
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| Regd. under |
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The Bombay Public Trust Act, 1950
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| Auditor |
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Damji Merchant & Co |
| Bankers |
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State Bank of India |
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| Donor tax benefits |
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80G 50%
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| Eligible for foreign donations |
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No |
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| Trustees/Directors/Managing Committee: |
| Mr. Madhav L. Apte, Vice-Chairman |
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Ms. Kamalini H. Bhansali, Vice-Chairman |
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Ms. Mala Goenka, Secretary |
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Ms. Kallolini Hazarat, Trustee |
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Source : Audit Report 2014
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Financial Note : 1) Transfers to and from Earmarked Funds have been adjusted in Donations on the basis of ICAI Guidelines. As a result, the total income shown by us is different from that reported by the NGO.
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| NGO Profile : |
Victoria Memorial School for the Blind, The, was established to ameliorate the condition of the blind and by imparting to them instruction on the principles well known in the West and teaching them domestic handicrafts which would enable them to earn a livelihood.
In 1904 the Trust set up The Victoria Memorial School for the Blind (VMSB) for the education and rehabilitation of visually handicapped children. Since then VMSB has been continuously providing free education along with free lodging and boarding and other amenities for the welfare of visually impaired blind boys.
Children are trained in performing arts, arts and crafts, computer education, sports, photography, a massage course and an arithmetic programme called the Universal Concept of Mental Arithmetic System to help children solve tough academic problems and increase their memory power.
The school also equips their students to work as professionals. Many of their past students work as computer operators, masseurs, telephone operators, event managers and teachers.
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