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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