HelpYourNGO
Victoria Memorial School for the Blind, The
Disability
Blind - Services
50% u/s 80G of The Income Tax Act, 1961
% Spent on Beneficiaries
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 | : | 1902 |
| Registered Address | : | Opp. Tardeo A/C Market, 73, Tardeo Road, Mumbai 400034, Maharashtra |
| Website | : | https://www.vmsb.org |
| : | vm@blindschool.net | |
| Telephone | : | +91 22 23531236 |
| Donor Contact | : | Ms. Angeline Swamy / +91 9920040203 / vm@blindschool.net |
| Registered Under | : | The Bombay Public Trust Act, 1950 |
| Auditor | : | Damji Merchant & Co |
| Bankers | : | State Bank of India |
| Trustees/Directors/Managing Committee | : | Mr. Madhav L. Apte, Vice-Chairman , Ms. Kamalini H. Bhansali, Vice-Chairman , Ms. Mala Goenka, Secretary , Ms. Kallolini Hazarat, Trustee |
Programs
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.
Financials
| Income & Expenditure Statement | |||
| FY 2012 (₹) | FY 2013 (₹) | FY 2014 (₹) | |
| Income | |||
| Government Sources | 4,140,881 | 3,900,583 | 4,418,433 |
| Foreign Sources | - | - | - |
| Institutional Sources | - | - | - |
| General 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 |
| Expenditure | |||
| Direct Program Activities | 3,006,344 | 2,534,833 | 3,163,257 |
| Program Staff Cost | 6,357,596 | 7,314,263 | 7,615,328 |
| Travel Expenses | 78,852 | 80,764 | 99,383 |
| Direct Program Expenses | 9,363,940 | 9,849,096 | 10,778,585 |
| Fund Raising Expenses | - | - | - |
| 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/Transfers | - | - | - |
| 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 | |||
| FY 2012 (₹) | FY 2013 (₹) | FY 2014 (₹) | |
| Assets | |||
| Fixed Assets | 2,327,400 | 2,893,469 | 6,835,025 |
| Current Assets | 1,543,206 | 1,603,276 | 1,481,318 |
| Cash And Bank | 3,130,944 | 7,059,521 | 3,532,555 |
| Total Current Assets | 7,001,550 | 11,556,266 | 11,848,898 |
| Investments | 36,000,000 | 35,850,000 | 40,350,000 |
| Accumulated Deficits | - | - | - |
| Total Assets | 43,001,550 | 47,406,266 | 52,198,898 |
| Liabilities | |||
| Trust Corpus | 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 |
| Unutilized Grants | - | - | - |
| Total | 42,239,478 | 46,590,446 | 51,414,375 |
| Loans | - | - | - |
| Loans (From Members) | - | - | - |
| Current Liabilities | 762,072 | 815,820 | 784,523 |
| Other Liabilities | - | - | - |
| Total Liabilities | 43,001,550 | 47,406,266 | 52,198,898 |
| Financial Notes |
| 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. |
Additional Information
| FY 2012 (₹) | FY 2013 (₹) | FY 2014 (₹) | |
| Beneficiary Details | |||
| Direct Beneficiaries (nos.) | - | - | - |
| Indirect Beneficiaries (nos.) | - | - | - |
| Average Cost per Direct Beneficiary (₹) | - | - | - |
| Staff Details | |||
| No. of Staff | - | - | - |
| Number of Consultants | - | - | - |
| Number Of Volunteers | - | - | - |
| Total | - | - | - |
| Highest Paid Full-Time Staff (₹ p.a.) | - | - | - |
| Lowest Paid Full-Time Staff (₹ p.a.) | - | - | - |
Financial Overview:
Income and Expenses
Peer Comparison
| NGO Name | Sector | Sub Sector | Location | % Spent on Beneficiaries | Income (₹) | Expense (₹) | FY |
| Antara | Disability | Mental Health | West Bengal | 99 | 38,439,438 | 44,037,009 | 2013 |
| Society For Child Development (SFCD) | Disability | Comprehensive - Mental Disability | Delhi | 98 | 11,077,641 | 12,402,097 | 2014 |
| Shri B D Tatti(Annavaru)Memorial Charitable Trust Laxmeshwar | Disability | Karnataka | 98 | 9,079,124 | 8,975,110 | 2022 | |
| All India Confederation of the Blind (AICB) | Disability | Blind - Comprehensive | Delhi | 97 | 35,337,111 | 34,974,890 | 2015 |
| Sense International (India) | Disability | Deafblindness | Gujarat | 96 | 138,030,000 | 124,913,000 | 2024 |
| Victoria Memorial School for the Blind, The | Disability | Blind - Services | Maharashtra | 76 | 14,915,722 | 14,272,039 | 2014 |
