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Our Annual Cash Flow Snapshot

M N Kapur Educational Foundation
Annual Cash Flow Snapshot

Particulars

Note

FY 2016

FY 2015

Opening Funds

A

27,78,149

27,31,443

Receipt of Funds

Voluntary Donations 4,50,000 1,10,000
Corpus Donations 11,75,000 3,02,000
Tax Refund Received from Government 40,182 -
Interest Received 3* 3,87,707 68,385
Subtotal B 20,52,889 4,80,385

Utilisation of Funds

Total Fees Paid to Modern School for Scholars 5,74,200 4,33,679
Other Administrative Costs 1* - -
Subtotal C 5,74,200 4,33,679

Closing Funds (A+B-C)

42,56,838

27,78,149

Notes:

1*. There are no administrative, meeting, audit and accounting, taxation, legal or secretarial costs, or any other expense charged to the Foundation, other than fees paid to Modern School for the Foundation’s scholars. All such costs are expended personally by the Trustees.
2*. Opening and Closing Funds include Bank and Fixed Deposit balances.
3*. Interest reported comprises the amount actually received during the year, which is the amount earned adjusted for changes in the amount receivable, as below.

Interest Earned for the Year

2,44,087

2,35,282

Add/(Less): Net Change in Interest Receivable
(Closing Vs. Opening)
1,43,620 (1,66,897)

Interest Actually Received During the Year

3,87,707

68,385

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