Summary
H M Charitable Trust
 
Education
Scholarships
Estd: 2001
Used for Beneficiaries: 100%
Address : 42, Navketan Industrial Estate, Mumbai 400093. Maharashtra
Email :  hmtrust@hmgroupindia.com
Web-site : www.hmgroupindia.com/p/hm-charitable-trust.html
Telephone : +91 66756001
Donor Contact : Mr. Haresh Mehta / hmtrust@hmgroupindia.com
Rs, Y/E March 31
Income & Expenditure Statement20112012
Income From
Government Sources00
Institutional Sources00
Foreign Sources00
Donations150,0001,450,000
Sales/Fees00
Interest/Dividend37,29338,546
Other Income55,5070
Total Income (A)242,8001,488,546
Expenses For
Direct Programme Activities1,258,2801,478,865
Programme Staff Cost00
Travel Expenses00
Direct Programme Expenses1,258,2801,478,865
Fund Raising Expenses00
General Staff Cost00
Overhead Expenses00
Depreciation00
Other Expenses/Transfer00
Total Expenditure (B)1,258,2801,478,865
Surplus / (Deficit) (A-B)-1,015,4809,681
Balance Sheet20112012
Assets
Fixed Assets00
Current Assets (excl. Cash)36,41934,802
Cash/Bank 103,030514,329
Investments446,60846,608
Accumulated Deficits6,948,9436,939,261
Total Assets7,535,0007,535,000
Liabilities
Corpus / Share Capital7,535,0007,535,000
General Funds00
Earmarked Funds00
Loans00
Current Liabilities00
Total Liabilities7,535,0007,535,000
Other Details20112012
Direct Beneficiaries (Nos)N.A.N.A.
Indirect Beneficiaries (Nos)N.A.N.A.
Cost Per Direct Beneficiary (Rs) Avg. N.A.N.A.
Number of StaffN.A.N.A.
Highest Salary (Rs p.a.)N.A.N.A.
Lowest Salary (Rs p.a.)N.A.N.A.
Regd. under : The Bombay Public Trust Act, 1950
Auditor : Dalal Doctor & Associates
Bankers : HDFC Bank
State Bank of Mysore

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

Trustees/Directors/Managing Committee:
Mr. Haresh R Mehta, Trustee
Ms. Prassana H Mehta, Trustee

Source : Audit Report 2012

NGO Profile :
H M Charitable Trust (HMCT) was established to support deserving underprivileged children complete their education by sponsoring a major part of their education expenses. The Trusts principal objects are to give provide help to students in the form of scholarships, freeships, prizes and free books, and to establish and support educational institutions for the benefit of students with less privileged backgrounds.

HMCT extends financial assistance to students who have secured a minimum of 60% in their examinations and come from financially deprived background. Applications are collected at the beginning of the academic year and eligible students are short-listed for financial assistance. Students’ fees are paid directly to the institutes where they are studying. In order to ensure that the parents are serious and uncompromising, parents of eligible students have to contribute two months’ fees as well.

HMCT has supported over 3,000 students since their inception, providing a total of Rs12,701,523 since their inception in 2001. They monitor students’ performance regularly, and they have to maintain an average of 60% in their exams to continue to be eligible for assistance.