GHOSH KHANNA & CO, (CHARTERED ACCOUNTANTS 2A, Haws Khas Enlve, New Deli 11006 adi Phones +9 (11) 2696 2981/2 Fax; +91 01) 2686 2985 Emil ghe@venlcom webite wow ghcinda.com I. We have audited the atachel Balance Sheet of Mis National HRD Network (hereafter referred as *NHIRDN®) as at March 31,201 Ta the related Income & Expenditure Aecounts forthe year ened or that date and a summary ef Sgaticanaccouoting policies and other explanatory Managements Responsibility forthe Financial Statements 2. Managemen is vesponsibl othe preparation ofthese faanal statements that give cies fae view ofthe Financial positon, inaacal pecformance and cash Nows, This esponsibility inludes the design implementation ana mainnance of intemal contol relevant to the preparation sind presentation ofthe Fanci statements that give a ue ad fir view and ave free frowm material misstatement, whether dc to fad oreo. Aaitors? Responsibility 3. Our responsibility is w express an opinion on these nancial statements based on our avi. We feonduced our ait in-acodanee with,the Standards on Aung issued by the Instete of Chorered ‘Accountants of li, Thase Slants requie hat we comply wit ethical requirements an plan and pon the audit wo oblan reusonablewssurance about wether the Financial statements are free om ‘natrialsstatemen 4. An aul involves performing procedres to obtain ait evidence about the amountsand disclosures in the financial statements. The procedures selected depend on the auditor's judgment, inchading the assessment ofthe risks of nari misstatement of the financial statements, whee ht ia! or ero In making those risk asessments, the autor easiders internal contol relevant 19 the Company's Preparation and fae presentation ofthe fnancal statements in ord to design audit procedures that are appropiate in the ecumstaees. An audit also includes evaluating the appropriateness of accounting polices used and the resonableness of the accounting estimates made by management, as well as -valuating the overall presentation ofthe Financial statements5. In opinion, and othe best of our information and according to the expansions ven to ws, the accompanying nancial sttements sive the information required by the Actin the manne so required and give rue and fai view in confor with te accounting principles generally accepted i Inia |) the ease ofthe Balance Sheet ofthe sate of firs ofthe Testa a Ist March 2017 and ii) Inte ease ofthe nome & Expenditure Accounts ofthe Surpis fr the year exe on that date, Report on Other Legal and Regulatory Requirements 6 On the bass of sch checks of the Books and cons of the sompany as we vonsideced spproprite and acconng to the information and explanations given to uy We father reper that |. 4 The Trust has maintained proper records 40 sow full particu instading quanta details ad situation of Fixed Ass, bs Rocips and disbursements are propety an eorsstly showin the acount «The Vouchers in eustody ofthe Manager or Trust on the date of the nit were Jmagreement withthe secouns, 4. All books, deeds, stounts, vouchers or other docunents or records equited by us wore producad before «No propery of funds ofthe ust were applied fr any objeto pupese oie ‘than the objector purpose of the tus. Fo Money of he public ust has ben mes contrary 10 the provision of There sno alienation of immovable property contay to provision of setion 36Remarks : (0) We have observed that the TDS on income af various chapters have been shown under tax credit statements (Form 26AS) of NHRD. As a rel thre fs mismatch between "TDS as por Foem 26 AS and TDS as pr books. This may pose problem during income ‘Tax asessment. (2) During. the financial year 2016-17 NHRON Trust carried “NHRD National Conference 2016” wit he asoviat of HRD Network Rangelore Chapter. A separate book of accounts in lca currency (a) has bosn ket in respect of activites cried out by this chapter and also audited by the local suitor in ascordance with the compliance of respective ls We have consolidated the financials of the “NHRD National Coaterence 2016" with the NHRDN Trust financials satement. We have rclisd on the audited finial statement of the "NHRD National Conference 2016" adit. (@) Chapter Balances are subject fo reconciliation and confaton. For GHOSH KHANNA & 0. Fim Reysteaton No: 003366 ‘CHARTERED ACCOUNTANTS, ono Deepak Kama Saxena Pace: Gurgaon PARTNER Date: 1S" May, 2017 Membership No, 083561GHOSH KHANNA & CO. (CHARTERED ACCOUNTANTS TL2A, Have Khas Enlve, New Del 110016 adi Phone #91 (011) 296 2981/2 Fax: +9" (O11) 296 2985 Ema gaiinlcom websie: wawglcindincom £ ROMBAY PUBLIC TRUSTS ACT, 1950, *Sehrule IX C* (Vide Rute 32) Statement of income able to eonteibution for the year ended 31-03:2017 NAME OF THE TRUST: NATIONAL HIRD NETWORK REGISTRATION NO: T/L175/Ahmedaa ‘Name, Aes and Phone Nahe a Lasees to whom sub the Au Rest, 1) HDC Bank - AJC No, 1202140000182 2) CICK tank AVC No" G18301007608 3) ICICI Dank = CNo. OSH4O1005516 4) SOI Saving Account (Hydrabad) «A/C No, 10296018022 5) SBUSaving Account (Ahmed) ~ A/C No, 10307643008 Bank Account Nurnbor eating otsection of Foreign Contributor of Trust: NIL FORA. Nos NIL ‘Amount Rs. | Amount Rs {Gross Annual eon 77,608,172 Details of income not chargeable to contribution under Section 58 rates | (3) Dewan ding te er ay ce i Pan Ta acy ti) aed fore pmyore of scl Ci) Geary Gavoame and Las Asries ctaon thee ice Gn) Ire Sinking Dito Fu | eet om eto vie {¥) Amount spent forthe purse of Eton eo eat {sty Aw a rb Pr Me Re (i) Dstion oat oF some font Tans used for agricul purpose: (a) Land Revenue and Local Fund Cess (6) Rent payable to superior lanloed () Costor production, i lands re eutivatd by Trt (viii) Deduction oat of income from lands used For pon gical purpose: fa) Assessment, ceses a Municipal Fes other FaBeenent or(©) Ground vent payable th sero landlod 6) marae Premium (0) Repair 8.173 per ent of gross eto biking {e) Cost of ealleion at 4 per eeu of gross reat of | bung tot ai Coat of collection af ncome or resp feral !psrcont of sich income {Deduction on aecouat of repairs Fr espet of bing at rented any ynuliag an income a 8.1/9 per eent of the Sint rons ua ae to combat fo secs took For Ghosh Khanna & Co. Fin Registration No. 003360N Chavere Accountants Foran on ea fe Ts ut wey we = Deepak Nishehie Su Sbralmanyan Vai Nathan Pere [National Treaster [National Secretary ‘Membership No. 083561, Keishnaswany Runkomar ‘Nationa PresidentSOMBAY PUBLIC TRUST ACT, 150 (VIDE RULE 170) NAME OF TRUST: NATIONALIRD NETWORK nk Aeron Ne frat Freig Conon ‘UABILITES = = = [arterscede 1) menue] soamar [-Desesten ne jactersceuies3) taper] assis ft frei once smo sisson] fonting ase tose toss] [al Rene Binge eur teal fxn. fasreseteae-2) er [sce seperate Stew 1a93508 51509 [seas Fei As pertname & xen Ast ne9.92 012205 a1suon | 1690.59 Tora Teas] ara Fama Rian aioe A pS ate ‘Nec Forming Pars sure Apr Seb I abo oer? ung 2 hele LGHOSIEKIANNA SCO. Nish Sai Setranmanyan Vid CCHARTIRED ACCOUNTANTS. (Nat! Tener) (Goto Sern) (EEN O68) es espa Kumar Sena Carmen rnsnamy Raslamar ‘Dae: 13,2077 Pee Cane[BOMBAY FUBLIC TRUST ACT, 190 (VIDE RULE 17) [NAME OF TRUST: NATIONAL HRD NETWORK [BALANCE SHEET AS ATSISTMARCH2017 [lnk Account ofr anne of Frei Contibaton 7A] ears aE} ae Paste Steie-3 ancy asses] arse fas Pesos 4) massa] asaesan ferteecs suuiam] rae Tom] Tres] — EE wees ihe. -GHOS KHANNA & CO. Nita Sori Sabrahnanyan Vl “CHARTERED ACCOUNTANTS (Gato Tree) (Nati! Serer) ‘FN OS) Rams ‘Depa Kamar Sena terme) Dt: May 1.2077 Pe; Greaona FLAC THLST A, IDE RULE feta pel a Saeco En i lems nie| ie mass an a ate anata Pte maul noun! leper tenes |e a amr] sa eae eee Lode. faceees Se Senay Howat. rarer) ‘(National President) ap mtova BLAIR Ar, MDERULE Sara | aT TORRE Pe hatteNATIONAL HRD NETWORK ‘SCHEDULES FORMING PART OF BALANCE SHEET AS AT 3tst MARCH 2017 ScHEDULE-1 "TRUST FUND PARTICULARS HOST siasieie Re, Re DalmneeAepe ia OS TERT aaa [Ad Spas of 4 National Conference 198432 568578 ‘Add: Aang Daring the ear 2312365 ess 2 4s06329 TERSTSRT Life Membership Fess saute so70398 [Ads Received daring th ear (6.000) 7653817, sx33216 SRI62I6 Permanent inion Membership Fees 13929 144219 ‘Aid: Received daring the year 48000 Lsiv2i8 Tsi9219 HRD NL Lite Time Sobsription 74000 74,000 |Add Received daring the year : : 76000 e000 TOTAL mB maa ScHEDULE-2 LIABILITIES PARTICULARS aaa FEET Re Re Papal to Chap Taor7pTT TREO Payables 6 Others 2788768 427568 Prepaid Membership come 177983 TDS Payable 3653768 Trade Credo 13380 TOTAL isa70197[NATIONAL HRD NETWORK SCHEDULES FORMING PART OF BALANCE SHEET AS AT 3st MARCH 2017 SCHEDULE -4 [ADVANCES PARTICULARS sme Sins Be Re fararee oS SEs ‘Advances to Chapters ects ‘Advances to Crettrs 228,110 Interest accrued 09 FD ‘saz Pre Paid Expense 10 Service Tax Receivable me] Tex Deduct A Source 11319257 ‘Work in Progress 3er3s “Trae Receivable 1185,708 6.10688 Dap Receivable ras Eletiy Deposit 25306 25306 Maintenance Deposit (OficeBuilng) S20 2000 Telephone Deposit Tat ndcom DSL 000 100 TOTAL Tas Swe ScHEDULE-s CASH & BANK BALANCES. PARTICULARS Soar siaaaais| Re cm Cana Tae Te Balance with banks 1498718 16004274] Fixed Deposits with Bank sasens2 56831.028 TOTAL: SILT TESTINCOME FROM OTHER SouRCES ‘hl onl Fee 13300] sigs ‘Ars len fe . 1970 Invi Aad 21920 Invi ott 645 nds Sir 498 Inston As- SME mom New Liter At Reene : 19300 Nes Le Sascpion asa Adin Fee 00} t2kat Sor Amul Mee Fe uss ‘TOTAL, Suse Tose rH Rs TOTAL, 10,00 | 14000 ‘scnrouLE- ak Chas cry Ta} Lan Ret Expense! Lene Rent rem] 20000 Maina spree ‘0 ns aa] e530 fae &NATIONALIIRD NETWORK SCHEDULES FORMING PART OF INCOME & EXPENDITURE ACFOR THE YEAR ENDED Sat MARCH 207 SCHEDULE.» EDUCATIONAL EXPENSES ‘PARTICULARS TROT sa TiR Tok Bers (Arp Some) ws) a0 Laieg Core Expres Per Schtne82) sara | o1ao4 Mente Espa: nuaize| 1a NHRD foal btn n1so| —sancare Coren gee (Are Scee 9.31) ssaiisio] 251677 TOTAL, arse] 9ST RTALK EXPENSES. aS Re Bese | aT TOTAL 34sea} a7 LEARNING CENTRE EXPENSES Ca RSE 700 Conte & relieve ross] 016 Poaage Cour spec Bisa] Maszn| Slay apes ssois0 | so7easo 2b Nataral Cotrence Exe vasss| acm {0% Se 2 Nana Gee -NERD Bugabre ‘arram| saasi78 Snay & Piing Exons ross] 1077196 ‘vero Exposes ‘eins asenna Besop AV 2103960) 73340 Venu ning epess soma) iassosts| Pram Epes iat | 1033137 Tora Tan | 617394 HHRES ) KeSCHEDULES FORMING PART OF INCOME & EXPENDITURE AC FOR THE YEAR ENDED CORPORATE FXPENSES. [FRRTTCUTARS ar Ral Sty Expense Gop Epes Eecriiy Exes Expense adeeb Oe Lig Expense Menten & Sibson Ofte Expenses Pasig Epes Ponape Core Chara Sere Hosiog Aa Seca Media Exes Salt Weitee ‘Teaphore pense ‘Tora wansis wa 50 oie hse wz oH 75000 4500 use G0 6338 nisi1 Ree Pale bet eeNATIONAL HRD NETWORK ‘SCHEDULES FORMING PART OF BALANCE SHEE AS Av Sis MARCH 2017 SCHEDULE-10 Significant Accounting Pais: These financial tems are prepared oan asc bis, we soviet convention and in compliance in all material aspects wih the applisbleaseounting_ principles in Indi the sppicableaesountig stndards noted by the Intiis of Chartered Accounts oF Inia. 2. Use of Estimates ‘The prepiration of financial stiemeats in conformity with senelly seeped assounting Principles rogues management to make estimates and assumption tht aflet the reported !uvounts of assets and ible ad dscloswe of contingent assets an ilies athe dae of the financial statements and the reported amouns of revsaues and expenses forthe Sees resented. Actual results may ifr fom those estimates 23. Flue assets and deprecation! amortz Fed Assets are sited at acquisition cost except whe they’ a taken over pursuant (© an ‘sequsition at a comolidte pric. Invi ied asst ake over prs to aequsiton ae recorded at thir fir vale on the date of acquisition based! on valuation cavied out by independent valor, Depreciation & provided for on writen down value math as per Income Tay Roles 1962 at following ates ean Rate Building 3% nce Eqipments 1% Pornure & Furs 1% Computers oa Inangible Ase 20% 4. Revenue Recognition Aliiation fe, news let, adversement, life membership fee, HR Talk Fee, Webinar Fes Prom Fee and share of chapter expenses ate sccowuted foe on accra bass whe thee is resonable cenainy to receive theseIncest on deployment of surplus fund is ecopnzad using the time-proportion method, based on ners ates impliitin the ransition based on reasonable cetainty of receipt. ‘Share of surplis of regional conference! symposium is tested as revere reecipt and is accounted for on esh basis, Suepis of national conference symposia i treted as reveme recip and is accounted for on the cash basis. ‘Supls of national conference i rede othe st fnd Corps account 5. Iavestnents Lonetorm iavestnens are cared at cost fess any other temporary diminution in value, etminodsepartely for each indvidval investment. Coren Investinent are cared lower of 0s and fi vale 6. Employee Benefit Salary & other Benefits are accounted for on assral basis. 7. Taxation NIIRD is governed by the provision of section {1, 12 and 13 ofthe Income Tax Act, 1961 Whee, if NHRD spends 85% of is annual income towards its abjecs, i isnot subjected to ‘the Inome Ta,