Summary
Ratna Nidhi Charitable Trust
 
Development
Comprehensive
Estd: 1967
Used for Beneficiaries: 93%
Address : 5th Floor, Vasant Vilas, 31, Dr. D. D. Sathye Marg, Girgaum, Mumbai 400004. Maharashtra
Email :  info@ratnanidhi.org
Web-site : www.ratnanidhi.org
Telephone : +91 22 23898930
Donor Contact : Mr. Rajiv Mehta / +91 9820100294 / rajiv@ratnanidhi.org
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201620172018
Income From
Government Sources000
Institutional Sources5,980,24808,768,050
Foreign Sources9,424,257011,429,500
Donations4,151,08563,127,31275,449,085
Sales/Fees000
Interest/Dividend1,006,6251,220,600625,596
Other Income1,502,128161,677323,580
Total Income (A)22,064,34264,509,59096,595,812
Expenses For
Direct Programme Activities14,414,92352,288,59379,267,043
Programme Staff Cost2,558,74806,225,739
Travel Expenses273,7080728,910
Direct Programme Expenses17,247,37952,288,59386,221,692
Fund Raising Expenses333,9140201,246
General Staff Cost00856
Overhead Expenses1,898,28210,175,3466,466,939
Depreciation329,4630156,859
Other Expenses/Transfer0283,7310
Total Expenditure (B)19,809,03862,747,67093,047,592
Surplus / (Deficit) (A-B)2,255,3041,761,9203,548,221
Balance Sheet201620172018
Assets
Fixed Assets1,709,197783,760826,819
Current Assets (excl. Cash)1,058,0973,663,06915,146,692
Cash/Bank 3,986,4923,925,1884,580,002
Investments9,180,10118,779,37010,856,969
Accumulated Deficits000
Total Assets15,933,88627,151,38731,410,482
Liabilities
Corpus / Share Capital1,285,9941,385,9941,305,994
General Funds10,453,02514,626,89818,175,119
Earmarked Funds1,614,4689,959,8709,756,870
Loans000
Current Liabilities2,580,4001,178,6252,172,499
Total Liabilities15,933,88627,151,38731,410,482
Other Details201620172018
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 StaffN.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
Regd. under : The Bombay Public Trust Act, 1950
Auditor : B. R. Maniar & Co.
Bankers : Central Bank of India
Ratnakar Bank

Donor tax benefits : 80G 50%
Eligible for foreign donations : Pending

Trustees/Directors/Managing Committee:
Ms. Asha Mehta, Trustee
Mr. Rajiv Mehta, Trustee
Mr. Prakash Mehta, Trustee

Source : Audit Report 2018

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.

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.