Financial Statements

THE MODERNITES TRUST
Summary of Accounts for the year ended on 31st March
(Figures in Lakhs)
Particulars 2010 2011 2012 2013 2014 2015 2016
Sources
Corpus Trust Fund  95.63  118.01 113.77 116.46 123.21  180.15  206.72
Loans for scholarship  16.41  28.83 35.83 35.83  36.00  31.00  31.00
Others  0.11  -    -    -    -  
Total  112.15  146.84  149.60  152.29  159.21  211.15  237.72
Applications
Investments  97.83  137.83 145.6 144.54 136.45  178.41  210.35
Cash/Bank  14.04  8.55 2.76 5.56 20.34  29.08  24.64
Others  0.28  0.46  1.24  2.19 2.42  3.66  2.73
Total  112.15  146.84  149.60  152.29  159.21  211.15  237.72
Revenue
Donations  2.33  3.26 4.5 19.2 4.51  10.31  11.01
Interest  5.71  7.64 11.77 12.05 12.47  13.68  18.63
Sponsorship & Advt.  13.66  14.7 10.19 14.5  0.40  -    -  
Misc. Income  -    -    -    0.40  -    0.26
Total (A)  21.70  25.60  26.46  46.15  17.38  23.99  29.90
Expenditure
Scholarship/Fees  11.65  16.2 16.09 20.36 23.29  25.35  31.79
Sports awards/student award  0.43  0.53  0.8  0.68 0.63  0.63  0.62
Tournament expenses  8.24  7.54  9.54 15.18  -    -    -  
Gurudakshana  1.02  1.02  1.02 1.5 2.25  2.25  3.00
Donations/student allowances   -    -    0.55  4.57 1.76  1.89  1.65
Others  0.03  -    3.16  1.17 0.34  0.52  0.48
Total (B)  21.37  25.29  31.14  43.46  28.27  30.64  37.54
Net Surplus/Deficit  (A-B)  0.33  0.31  (4.68)  2.69  (10.89)  (6.65)  (7.64)