| Goal 2: Zero Hunger
Goal 4: Quality Education
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| | Rs, Y/E March 31 | | Income & Expenditure Statement | 2016 | 2017 | 2018 | | Income From | | Government Sources | 0 | 0 | 0 | | Institutional Sources | 5,980,248 | 0 | 8,768,050 | | Foreign Sources | 9,424,257 | 0 | 11,429,500 | | Donations | 4,151,085 | 63,127,312 | 75,449,085 | | Sales/Fees | 0 | 0 | 0 | | Interest/Dividend | 1,006,625 | 1,220,600 | 625,596 | | Other Income | 1,502,128 | 161,677 | 323,580 | | Total Income (A) | 22,064,342 | 64,509,590 | 96,595,812 | | | Expenses For | | Direct Programme Activities | 14,414,923 | 52,288,593 | 79,267,043 | | Programme Staff Cost | 2,558,748 | 0 | 6,225,739 | | Travel Expenses | 273,708 | 0 | 728,910 | | Direct Programme Expenses | 17,247,379 | 52,288,593 | 86,221,692 | | Fund Raising Expenses | 333,914 | 0 | 201,246 | | General Staff Cost | 0 | 0 | 856 | | Overhead Expenses | 1,898,282 | 10,175,346 | 6,466,939 | | Depreciation | 329,463 | 0 | 156,859 | | Other Expenses/Transfer | 0 | 283,731 | 0 | | Total Expenditure (B) | 19,809,038 | 62,747,670 | 93,047,592 | | Surplus / (Deficit) (A-B) | 2,255,304 | 1,761,920 | 3,548,221 | | | Balance Sheet | 2016 | 2017 | 2018 | | Assets | | Fixed Assets | 1,709,197 | 783,760 | 826,819 | | Current Assets (excl. Cash) | 1,058,097 | 3,663,069 | 15,146,692 | | Cash/Bank | 3,986,492 | 3,925,188 | 4,580,002 | | Investments | 9,180,101 | 18,779,370 | 10,856,969 | | Accumulated Deficits | 0 | 0 | 0 | | Total Assets | 15,933,886 | 27,151,387 | 31,410,482 | | | Liabilities | | Corpus / Share Capital | 1,285,994 | 1,385,994 | 1,305,994 | | General Funds | 10,453,025 | 14,626,898 | 18,175,119 | | Earmarked Funds | 1,614,468 | 9,959,870 | 9,756,870 | | Loans | 0 | 0 | 0 | | Current Liabilities | 2,580,400 | 1,178,625 | 2,172,499 | | Total Liabilities | 15,933,886 | 27,151,387 | 31,410,482 | | | Other Details | 2016 | 2017 | 2018 | | Direct Beneficiaries (Nos) | N.A. | N.A. | 62,746 | | Indirect Beneficiaries (Nos) | N.A. | N.A. | 1,000,000 | | Cost Per Direct Beneficiary (Rs) | N.A. | N.A. | 1,480 | | Number of Staff | N.A. | N.A. | 32 | | Highest Salary (Rs p.a.) | N.A. | N.A. | 1,140,300 | | Lowest Salary (Rs p.a.) | N.A. | N.A. | 102,000 |
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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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B. R. Maniar & Co. |
| Bankers |
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Central Bank of India
Ratnakar Bank |
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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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Pending |
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| Trustees/Directors/Managing Committee: |
| Ms. Asha Mehta, Trustee |
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Mr. Rajiv Mehta, Trustee |
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Mr. Prakash Mehta, Trustee |
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Source : Audit Report 2018
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Financial Note : 1) Schedules complementing the Income/Expenditure statement not provided by the NGO for FY17.
2) The surge in FY13 income was due to Grant from the Government of Gujarat. There was no Government Income in FY14.
3) The NGO has provided overall amounts spent on various projects/camps, but not a detailed breakdown.
4) Professional Fees taken in Programme Staff Cost.
5) In FY14, Loss on sale of car taken in Other Expenses.
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| NGO Profile : |
Ratna Nidhi Charitable Trust (RNCT) was set up to tackle the problem of poverty in Mumbai among young children. It provided food to school children, mobility aids to the disabled, vocational training and educational sponsorship. It has expanded its operations to countries like Afghanistan, Sudan, Kenya and Burundi.
Key Activities:
- Food for Education project: RNCT has partnered with 50 schools in Mumbai to provide healthy and freshly prepared food for school children. Around 4,500 to 5,000 meals are provided daily, reaching around 3,000 children every day. Some of the new NGOs they have partnered with are CORP, Sujaya Foundation, Masoom, Sunrise, Children’s Aid Society, Gharkool and Buniyaad.
- Mobility camps for Rehabilitation of the Disabled: The NGO holds camps at various locations across India. The camps are organised over several days to provide mobility aids to the disabled. 257,336 mobility appliances have been donated so far. RNCT also donated hospital equipment to various trusts.
- Educational Sponsorship: RNCT continues to sponsor the education of 481 children who lost their parents to terror attacks in Mumbai in 2008 and 2011.
- Vocational Training: During the year, RNCT provided training in running small businesses and other vocations to street children and those in remand homes. Around 56,000 beneficiaries have been gainfully employed so far.
- Garments project: RNCT distributed around 55,977 garments that it received from its partners abroad to various NGOs such as Reliance Foundation, Dharampur Agricultural Rural Development, Shrimad Rajchandra Mission, Slum Rehabilitation Society and Nashik Adivasi Mahila Seva.
- Computer Donation: In this day and age it is essential for school students to be digitally literate. Keeping this in mind Ratna Nidhi in collaboration with its corporate partners donate sets of computers to their partner schools for the students to receive an all-inclusive education. So far, 77 sets has been donated to 13 schools.
- Mission Million Books: RNCT believes to broaden a student’s horizon it is important have access to educative reading books. Hence, they have dnated over 790,000 books that will impact minds and lives of over 1,000,000 students.
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