Annual Audited Accounts of Path for 2014

April 19th, 2015

HIGHLIGHTS OF PATH AUDITED ACCOUNTS 2013/14

SOURCES OF FUNDS

In the Financial Year 2013-2014 we raised Donations  equal to Rs.4,075,941, a nominal fee from students of Rs. 220,140, and students share of Uniform and Stationary cost of Rs. 142,595. This gave us a Total Funds of Rs. 4,438,676 to spend on the education of nearly 300 children in this year.

EXPENDITURE

We are happy to report that nearly all of this money went towards the direct educational expense of RS. 4,331,436. These  are made up of teachers and staff salaries, school building rent, food program, stationary and books purchased for the students, uniform subsidy provided to all children, and other day to day running expenses and utilities.

Administrative expense of Rs. 234,095 were mainly funds spent on getting certification from the Pakistan Centre of Philanthropy, previous year’s audit expenses, and other registration expenses.

We are also delighted to inform our patrons that this year’s audit was done on a Pro Bono basis by Usmani and Company Chartered Accountants.

The annual audited accounts are provided above for anyone who wishes to see these in more detail.

 

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