Akshaya Patra - Annual Report 2015

More documents

Recommendations

Info

II. DISCLOSURES (A) Basis of Related Party Transactions The Foundation places all the relevant details before the Audit Committee periodically. Considering the nature of the organisation, as a Foundation, it has specifically identified the related parties which are trusts or societies having one or more common trustees. A comprehensive list of related parties and the transactions held with them forms part of the Note No. 2.26 (a) of Schedule 2 - Notes to Accounts to the Accounts under Indian GAAP. These transactions are not likely to have any conflict with the interests of the Foundation at large and have been valued at arm’s length. (B) Disclosure of Accounting Treatment In the absence of any authoritative established accounting principles for the specialised aspects related to charitable trusts which do not carry out any commercial activity, the Foundation has prepared the financial statements in accordance to the significant accounting policies described in Note 1.2 to Schedule 1 to the financial statements prepared under the Indian GAAP. However the financial statements prepared by the Foundation under the IFRS are prepared in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board, except for such modifications as have been considered appropriate to reflect the objectives of the Foundation i.e., carrying out charitable activities with effective use of resources rather than making profits and maximisation of members’ wealth. (C) Trustees’ Responsibility Your Trustees, based on the representations from the Operating Management, confirm that: a. In the preparation of annual accounts, accounting policies described in Note 1.2 to Schedule 1 to the financial statements prepared under the Indian GAAP have been followed and there are no material departures; b. They have, in selection of the accounting policies, consulted the statutory auditors and applied these policies consistently, making judgments and estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of the Foundation as at 31 st March 2015 and of the Income and Expenditure of the Foundation for the year ended 31 st March 2015; c. They have taken proper and sufficient care, to the best of their knowledge and ability, for the maintenance of adequate accounting records for safeguarding the assets of the Foundation and for preventing and detecting fraud and other irregularities; d. They have prepared the annual accounts on an on-going concern basis. 82
(D) Remuneration of Trustees The Trustees of the Foundation declare that they have not received any remuneration from the Foundation for the year 2014-15. They have not received any sitting fees from the Foundation for the Board Meetings and Audit Committee Meetings attended by them during the year. The total amount spent for travel and other expense reimbursements during the year are indicated in the below mentioned table: Amount in ` Sl. No. Trustee Name Domestic Travel International Travel Total Amount Spent / Reimbursed 1 Madhu Pandit Dasa 31,946 - 31,946 2 Chanchalapathi Dasa 2,55,497 5,28,875 784,372 Total 2,87,443 5,28,875 8,16,318 (E) Management i. The Management Discussion and Analysis Report form part of the Annual Report. ii. No material transaction has been entered into by the Foundation with the Trustees or the Management, their relatives etc. that may have a potential conflict with the interest of the Foundation. 83
Page 2 and 3:
THE MAKING OF A DREAM Dreams know n
Page 4:
THE AKSHAYA PATRA FOUNDATION A drea
Page 7 and 8:
CHAIRMAN’S MESSAGE Keeping the ch
Page 9 and 10:
TRUSTEES’ OVERVIEW Dreams worth b
Page 11 and 12:
Reaching the stars is my dream 5 Th
Page 13 and 14:
“When I was little, my father use
Page 15 and 16:
9
Page 17 and 18:
“Seeing the stars through the big
Page 19 and 20:
Ms. Preethi Krishnamurthy has been
Page 21 and 22:
15 His Holiness the 14 th Dalai Lam
Page 23 and 24:
THE GOVERNMENT AND AKSHAYA PATRA Th
Page 26 and 27:
THE AKSHAYA PATRA KITCHEN Food Safe
Page 28 and 29:
COMPARATIVE NUMBER OF MEALS (IN LAK
Page 30 and 31:
YEAR-ON-YEAR COST BREAK-UP 100% 11%
Page 32 and 33:
Barbara Kinney, Award-Winning Photo
Page 34 and 35:
IN THE SPOTLIGHT In her imaginary w
Page 36 and 37:
30
Page 38 and 39: “Zulfia Aunty, the drama teacher,
Page 40 and 41: “Akul Balaji is my idol. His pres
Page 42 and 43: 36
Page 44 and 45: “Manjula is a very sweet, alert,
Page 46 and 47: GOVERNANCE MODEL 40
Page 48 and 49: BOARD OF TRUSTEES T.V. Mohandas Pai
Page 50 and 51: USA Board of Directors Gururaj “D
Page 52 and 53: “AKSHAYA PATRA IS A SUCCESS STORY
Page 54 and 55: STRATEGIC PARTNERS Corporate and PS
Page 56 and 57: 2014-15 IN A WRAP The Financial Yea
Page 58 and 59: THE DREAM PROGRESSES Endeavours For
Page 60 and 61: Rodrigo Lima, General Manager, Medi
Page 62 and 63: THE PERFECT RECIPE Other than his m
Page 64 and 65: “My mother tells me that food is
Page 66 and 67: 60
Page 68 and 69: 62
Page 70 and 71: “Putting on the white uniform eve
Page 72 and 73: “I was so worried about getting e
Page 74 and 75: “It is very important to direct a
Page 76 and 77: Although there is a decrease in the
Page 78 and 79: Distribution of staff according to
Page 80 and 81: Result of Operations The Foundation
Page 82 and 83: The above chart displays the total
Page 84 and 85: Branch-wise CAPEX - The kitchen pro
Page 86 and 87: BOARD OF TRUSTEES (A) Composition o
Page 90 and 91: Acknowledgement Your trustees expre
Page 92 and 93: 86
Page 94 and 95: 88
Page 96 and 97: 90
Page 98 and 99: 92
Page 100 and 101: 94
Page 102 and 103: 96
Page 104 and 105: 98
Page 106 and 107: 100
Page 108 and 109: 102
Page 110 and 111: 104
Page 112 and 113: 106
Page 114 and 115: 108
Page 116 and 117: 110
Page 118 and 119: 112
Page 120 and 121: 114
Page 122 and 123: FCRA FINANCIALS 116
Page 124 and 125: 118
Page 126 and 127: 120
Page 128 and 129: 122
Page 130: The Akshaya Patra Foundation Regd O
show all

Akshaya Patra - Annual Report 2015

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?