Summary
Ratna Nidhi Charitable Trust
 
Development
Comprehensive
Estd: 1967
Used for Beneficiaries: 87%
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 Statement201420152016
Income From
Government Sources000
Institutional Sources5,672,1676,336,3405,980,248
Foreign Sources6,122,9592,333,1329,424,257
Donations3,047,5633,779,7844,151,085
Sales/Fees000
Interest/Dividend522,473618,9601,006,625
Other Income001,502,128
Total Income (A)15,365,16213,068,21522,064,342
Expenses For
Direct Programme Activities9,234,4377,038,23814,414,923
Programme Staff Cost3,416,6383,705,8032,558,748
Travel Expenses150,74466,583273,708
Direct Programme Expenses12,801,81910,810,62417,247,379
Fund Raising Expenses0103,406333,914
General Staff Cost000
Overhead Expenses1,849,0912,138,5181,898,282
Depreciation404,258220,802329,463
Other Expenses/Transfer162,15500
Total Expenditure (B)15,217,32313,273,35019,809,038
Surplus / (Deficit) (A-B)147,839-205,1352,255,304
Balance Sheet201420152016
Assets
Fixed Assets1,469,4401,287,5871,709,197
Current Assets (excl. Cash)1,755,1471,118,5951,058,097
Cash/Bank 8,740,4716,217,6913,986,492
Investments1,730,1016,730,1019,180,101
Accumulated Deficits000
Total Assets13,695,15915,353,97315,933,886
Liabilities
Corpus / Share Capital1,285,9941,285,9941,285,994
General Funds8,002,0717,796,93610,453,025
Earmarked Funds2,064,1672,146,5351,614,468
Loans000
Current Liabilities2,342,9284,124,5092,580,400
Total Liabilities13,695,15915,353,97315,933,886
Other Details201420152016
Direct Beneficiaries (Nos)7,702N.A.N.A.
Indirect Beneficiaries (Nos)45,000N.A.N.A.
Cost Per Direct Beneficiary (Rs) - Avg. 1,923N.A.N.A.
Number of StaffN.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.
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 2016

Financial Note : 1) The surge in FY13 income was due to Grant from the Government of Gujarat. There was no Government Income in FY14. 2) The NGO has provided overall amounts spent on various projects/camps, but not a detailed breakdown. 3) Professional Fees taken in Programme Staff Cost. 4) 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:

In FY13, 32% of expenses were on medical relief whereas in FY14 (total income fell 66% YoY), 29% was spent on Nutrition for school children.

  • Food for Education project: RNCT has partnered with many schools and NGOs 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, Childrens 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. In FY13, RNCT reached out to more beneficiaries than in other years due to a 13-day Mega Mobility camp held at Palitana, in the Bhavnagar district of Gujarat. Around 11,300 beneficiaries were given mobility aids and hearing aids in FY13; this number fell to 2,057 in FY14. RNCT also donated hospital equipment to various trusts.
  • Educational Sponsorship: RNCT continues to sponsor the education of 245 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 900 youngsters were trained in FY14 versus 3,216 in FY13.
  • Garments project: RNCT distributed around 45,000 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.