HELP TRUST

BALANCE SHEET
AS AT 30 JUNE 2015
2015 2014
NOTE Rupees Rupees
ASSETS
CURRENT ASSETS
Cash and bank balances 3 210,000 -
TOTAL ASSETS 210,000 -

FUND AND LIABILITIES

Members fund 190,000 -
Accrued and other liabilities 20,000 -
210,000
CONTINGENCIES AND COMMITMENTS - -
TOTAL FUND AND LIABILITIES 210,000 -

The annexed notes form an integral part of these financial statements.

________________ ______________________
PRESIDENT GENERAL SECRETARY
 HELP TRUST
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2015

2015 2014
Rupees Rupees
INCOME
Donations 500,000 -
EXPENDITURE
Food 100,000 -
Clothes 50,000 -
Salaries 100,000 -
Rent 50,000 -
Bank charges 10,000
310,000 -

(Deficit) / surplus for the year transferred to members fund 190,000 -

The annexed notes form an integral part of these financial statements.

________________ ________________________
PRESIDENT GENERAL SECRETARY
 HELP TRUST
STATEMENT OF CHANGES IN MEMBERS FUND
FOR THE YEAR ENDED 30 JUNE 2015

Rupees

Balance as at 30 June 2013 -

Surplus for the year ended 30 June 2014 -

Balance as at 30 June 2014 -

Deficit for the year ended 30 June 2015 190,000

Balance as at 30 June 2015 190,000

The annexed notes form an integral part of these financial statements.

PRESIDENT GENERAL SECRETARY

 HELP TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015

1 STATUS AND OPERATIONS

Help Trust is registered under the Trusts Act, 2002. The registered office of the Trust is situated at Karachi.
The Trust aims to help the needy people of Sindh Province especially the area of Thar District.

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.1 Basis of preparation

a) Statement of compliance

These financial statements have been prepared in accordance with the Accounting and Financial Reporting
Standards for Small Sized Entities (SSEs), as applicable in Pakistan and the requirements of the Companies
Ordinance, 1984. In case requirements differ, the provisions or directives of the Companies Ordinance, 1984
shall prevail.

b) Accounting convention

These financial statements have been prepared under the historical cost convention.

c) Critical accounting estimates and judgments

The preparation of financial statements in conformity with the Accounting and Financial Reporting Standards
for Small-Sized Entities issued by The Institute of Chartered Accountants of Pakistan requires management to
make judgments, estimates and assumptions that affect the application of policies and reported amounts of
assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical
experience and various other factors that are believed to be reasonable under the circumstances, the results of
which form the basis of making the judgments about carrying values of assets and liabilities that are not
readily apparent from other sources. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting
estimates are recognized in the period in which the estimates are revised.

Significant areas requiring the use of management estimates in these financial statements relate to the useful
life of depreciable assets, intangible assets, employee benefits and taxation. However, assumptions and
judgments made by management in the application of accounting policies that have significant effect on the
financial statements are not expected to result in material adjustment to the carrying amounts of assets and
liabilities in the next year.

2.2 Revenue

Cash donations / voluntary contributions are recognized on receipt basis.

2.3 Cash and cash equivalents

Cash and cash equivalents are carried in the balance sheet at book value which approximate their fair value.
Cash and cash equivalents comprise cash in hand and with bank.

2.4 Taxation

The Trust has applied for tax exemption and will be granted exemption in due course after completing the
necessary formalities and documentation.
 2015 2014
Rupees Rupees
3 CASH AND BANK BALANCES
Cash in hand 40,000 -
Cash with bank - current account 170,000 -
210,000 -

4 DATE OF AUTHORIZATION
These financial statements were authorized for issue on ___________________ by the Board of Trustees.

5 CORRESPONDING FIGURES
No significant reclassification of corresponding figures have been made.
6 GENERAL
Figures have been rounded off to the nearest Rupee.

______________________
PRESIDENT GENERAL SECRETARY
 Trial Balance - Help Trust

June 30, 2015

Account Code Account Name Debit Credit

5000000 Total Assets

5100000 Financial Assets

5110000 Cash

5110001 Cash at bank 170,000.00

5110002 Cash in hand 40,000.00

3000000 Total Liability

3020000 Accrued and other payables

3020001 Accrued and other payables 20,000.00

4000000 Members Fund

4100000 Surplus/(Deficit) -

1000000 Income

1100001 Donations 500,000.00

2000000 Total Expenses

2100001 Food 100,000.00

2100002 Clothes 50,000.00

2100003 Salaries 100,000.00

2100004 Rent 50,000.00

2100005 Bank charges 10,000.00

520,000.00 520,000.00