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Report on the Financial Statements
We have audited the accompanying financial statements of KARNATAKA STATEUNORGANISED WORKERS SOCIAL SECURITY BOARD, which comprise the BalanceSheet as at 31 March 2018, & the Statement of Income & Expenditure & Receipt and paymentaccount for Jhe^year_ended, and a summary of significant accounting policies and other^xplanatory information.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation of these financial statements that give a true andfair view of the financial position & financial performance of the Board in accordance with theGenerally Accepted Accounting Principles in India. This responsibility includes the design,implementation and maintenance of internal control relevant to the preparation and presentationof the financial statements that give a true and fair view and are free from materialmisstatement, whether due to fraud or error.
g\A^' Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. Weconducted our audit in accordance with the Standards on Auditing issued by the Institute ofChartered Accountants of India. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whether thefinancial statements are free from material misstatement..
An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment, including the assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to the Board's preparation and fair presentation of thefinancial statements in order to design audit procedures that are appropriate in thecircumstances. An audit also includes evaluating the appropriateness of accounting policiesused and the reasonableness of the accounting estimates made by management, as well asevaluating the overall presentation of the financial statements.We believe that the audit evidence^sdaai^obtained is sufficient and appropriate to provide abasi
INDEPENDENT AUDITOR^S REPORT
Poojari & AssociatesChartered Accountants
No. 12,1st Floor, Temple Court Apartments,3rd Temple Road, 15th Cross, Malleswaram,
Bangalore - 560 003Phone : 23469928, Fax : 23469929
E-mail: poojariassociates@gmail.commanjuinchara@yahoo.co.ir^
www.poojariassociates.iii
\.C Shy am, B.com., f.ca.
U.K Ramesh, B.com., f.ca.
" NishaKJain, b.bm. f.ca.
artnerMembership number: 224935
Place: BangaloreDate: 10.11.2018
For Poojari and AssociatesChartered AccountantsFirm's registratioa-^^o^ber: 005754S
Opinion
In our opinion and to the best of our information and according to the explanations given to us,the financial statements give the information required by the Act in the manner so required andgive a true and fair view in conformity with the accounting principles generally accepted inIndia:
i. In the case of the balance sheet, of the state of affairs of the Board as at 31 March 2018;
ii. In the case of the Income & Expenditure, of the excess of income over expenditure for theyear ended 31 March 2018;
A.SIGNIFICANT ACCOUNTING POLICIES:
1.These financial statements have been prepared in accordance with the applicable accountingstandards and in accordance with the relevant disclosers' requirements.
2.These financial statements have been prepared in accordance with the historical costconvention method and on accrual basis.
3.Fixed assets are disclosed in the accounts at historical cost together with all costs directlyattributable to their acquisition.
4.Depreciation is provided on the written down value method and as per the rates specifiedunder the Income Tax Act, 1961.
5.Grants in Aid:
i) All Government grants are accounted on receipt basis, though the accounts are prepared
on accrual basis.
ii) Government Grant received towards Karnataka State Private Commercial vehicleDrivers Accident Benefit Scheme is treated as capital grants and revenue grants and hasbeen shown under Accident Benefit grants account.
iii) Government Grant received towards NPS Lite Swavalambana Scheme is treated ascapital grants and has been shown under NPS Lite Swavalambana grants account.
iv) Government Grant received towards Single Window Service Scheme is treated as
revenue grants and has been shown under Single Window Service grants account.
v) Grant received towards administrative expenses is treated as revenue receipts and hasbeen credited to income and expenditure account.
vi) Interest earned on fixed deposits is accounted on receipt basis.
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS FOR THE YEAR2017-18
KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY BOARD:
Joint Secretary
for KARNATAKA UNORGANISED WORKERSSOCIAL SECURITY BOARD
Shyn.HfcPartnerMembership number: 224935Place: BangaloreDate: 11.10.2018
For Poojari and AssociatesChartered AccountantsFirm's registration number: 005754S
B.NOTES ON ACCOUNTS
1.The Board has released an amount of Rs. 10,00^000^00/- from Grants Received from StateGovernment towards Smart Card Contribution for road side seller expenditure out of totalgrants of Rs.95,200.00/- and available grants Rs.9,99,04,800.00
2.The Board has released an amount of Rs. 17,50,00,000.00 /- from Accident Benefit grantsaccount towards Insurance payment and promotional expenses out of total grants ofRs. 13,00,15,074.00/-
3.Interest earned on CLKCC A/c amounting to Rs.27,63,813.00/- is treated as grants fundsand credited to respective grants account and utilized for the same purpose.
4.Previous year's figures have been regrouped and rearranged wherever necessary.
Joint SecretaryShyam.HCPartner
Membership number: 224935
Place: BangaloreDate: 10.11.2018
For KARNATAKA STATE UNORGANISED WORKERSSOCIAL SECURITY BOARD
ror Poojari and AssociatesChartered AccountantsFirm's registration numb
" ^:,s^;;^.. 36,19,61,203Total36,19,61,203Total
13,37122,04,368
34,79,87,219
5,066
1,17,51,179
DepositsLoans and AdvancesCash at BankCash in Hand
Fixed Assets (as per Schedule)
10,36,5527,73,3056,05,397
35,95,45,949Capital Fund
Current Liabilities &Provisions:Sundry CreditorsProvisionsOther Liabilities
Amount in RsAssetsAmount in RsLiabilities „.
KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY BOARDKarmika Bhavan, Bannerughatta Road, Bangalore-560029
BALANCE SHEET AS AT 31 MARCH 2018
<
\
j II Joint Secretary9 jj
SOCIAL SECURITY BOARDFor KARNATAKA STATE UNORGANISED WORKERS
1,62,73,6611
327,63,83,0006,848
1,35,00,000
Amount in Rs. •
Total
By Interest from Bank on CLKCC A/CBy other incomeBy Interest from Bank on SB A/CBy Administration Grant
Income
1,62,73,661
15,90,631
9,40,8281,12,100
32,0657,93,881
50,00024,773
9,8494,29,7611,35,4873,00,817
81864,34348,80225,722
67,86,70657,790
1,09,7511,20,2171,65,735
25,23644,48,349
Amount in ' Rs.
Date: 10.11.2018
Place:Bangalore
Membership number: 224935 ^|%ER^^^Partner yil^C _^g?Shyam.HC y il1^ ^^ /t
Fi^lTs registration number: 005754SCl^^ered Accountants
For Poojari and Associates
' ^^'/'"%[/"fu /.Total " \ 1
Transferred to Capital
To Excess of Income Over Expenditure
To DepreciationTo Audit FeesTo Office Expenses
To Web devalopment chargesTo Income Tax appeal Filing ChargesTo Postage & Courier
To Computer Maintainances
To Fuel Charges
T^^^'ehicle Expenses
To Advertisement
To Bank Charges
To Charge Allowance
To Rates and taxes
To Repairs & Maintanance
To Medical exepenses
To Travelling and Allowances
To Telephone ChargesTo Printing & StationeryTo Meeting Expenses
To Leave Salary Contribution Expenses
To Salary
Expenditure
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2018
Karmika Bhavan, Bannerughatta Road, Bangalore-560029 1KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY BOARD j
)
Joint Secretary
BOARDFor KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY
; . 29,95,82,696
12,14,75,3135,066
(3,87,962\
73,80,22'
27,15,1743,89,000
2,20,42,900[11,97,57,850
14,07,500
98,80g47,23,040
3,87,4132,69,440
17,37067,50,893
1,13,2724,60,664
1,16(171,24,000
35,8 IB81,31057,092
8,8742,86,8811,21,157
42,60,428
Amount in Rs.
^'^-.-'''•'•-' •*.,wi^,,.." Total .J ,,*^ .j .•'••• ,)^••.•"•'^-.'
CLKCC A/cCash in handCash at BankClosing BalanceTraining Programme ExpensesAccident Life Savers Scheme :Tata Aig-AdvanceComputers & Furnitures - SWSSingle Window Service Scheme:NPS Matching ContributionNational Pension System Scheme:Insurance PremiumAdvertisement Charges-Accident SchemeAccident Scheme:Rates and TaxesConstruction ChargesAdvertisement ChargesOffice ExpensesPostage & CourierKit TransferredComputer MaintenancesVehicle ExpensesBank ChargesRecord MaintananceMedical Kit and Re-embursementsRepairs & MaintananceTravelling and AllowancesTelephone ChargesPrinting & StationeryMeeting ExpensesSalary
Payments
/::< 29,95,82,696
11,35,00,0001,00,00,000
10,36,10017,50,52,832
11,0744,353
(21,663)
Amount in Rs.
Date: 10.11.2018Place:Bangalore
Membership number: 724935*;Jf^*^^^
Partner ^^^^^-^^^s^Shyam.HC \ V^^^'^iJ'
Firm's registration number: 0^5^tS^^^Chartered AccountantsFor Poojari and Associates
•• • :T^:-' Total r -•••'_^Y^^rr/;
P
Grants Received for Smart Card SchemeGrant Received for Pension schemeGrant Received for Accident Life savers schemeGrant Received for Accident scheme
Bank InterestCash in handCash at BankOpening Balance
Receipts
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2018
Karmika Bhavan, Bannerughatta Road, Bangalore-560029KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY BOARD
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20,57,00in
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35,95,45,949Total (a)+(b)+(c )+(d)+(e)
9,99,04,800
10,00,00,00095,200
1,52,11,447
73,83,2001,00,00,000
21,71,753
38,16,75138,16,751
17,44,94,973i
13,00,15,07430,45,10,047
13,94,57,21516,50,00,000
20,5B9
32,293
3,61,97,854
2,20,42,9005,82,40,754
4,82,36,5281,00,00,000
4,226
2,99,20,124
2,83,29,49315,90,631
(f)
(e)
(d)
(c)
(b)
(a)
SMART CARD SCHEME ACCOUNTAdd :Grants Received from GOKLess: Utilization
Note: 1 CAPITAL FUND :GENERAL FUND ACCOUNT:Opening BalanceAdd: Excess of income over Expenditure
Closing Balance as on 31.3.2018
PENSION SCHEME GRANTS FUND ACCOUNT :Opening BalanceAdd: Grants received from GOKAdd: Interest on SB-120005
TotalLess:Utilisation of Grants
Unutilized Grant Fund as on 31.3.2018
ACCIDENT SCHEME GRANTS FUND ACCOUNT ;Opening BalanceAdd: Grants received from GOKAdd: Registration FeesAdd: Interest on CLKCC-120004Add: Interest on SB-120004
TotalLess:Utilisation of Grants
Unutilized Grant Fund as on 31.3.2018
SINGLE WINDOW SERVICES FUND ACCOUNT:Opening BalanceUnutilized Grant Fund as on 31.3.2018LIFE SAVERS SCHEME FUND ACCOUNT :Opening BalanceAdd :Grants Received from GOKLess:Utilisation of Grants
<*
Amount in Rs.Particulars
KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY BOARDKarmika Bhavan, Bannerughatta Road, Bangalore-560029
SCHEDULES TO BALANCESHEET AS AT 31 MARCH 2018
5,066
^ "'?".'.^' 34,79,873191
19,264-38,755
-3,68,47117,79,138
3,83,09,65518,50,59,57912,32,26,809
'. 22,043688,06,313
2,3969,84,6754,10,984
.. V. ,,,.' ' 13371/
13,371
.. .- , 6,05397
83,254800533
3,51017,000
3005,00,000
" " ' 7,73305?
4,24,1162,87,494
51,10210,593
'.. . " 1036,5521
2,54,5711,96,171
18,3393,89,003
69,1606,013
71,40031,895
Amount in Rs.
. . . Total
Cash in HandNote: 9 Cash in Hand:
t '. . ,Y.\ .1'.. ,Y \, ;yy.;;.. Total .Z''.'.". "\i""'.. "Z •"""".
Corporation Bank A/c -120005 - Pension SchemeCorporation Bank A/c -120004 - Accident SchemeCorporation Bank A/c -110003 - GeneralAccrued interestCLKCC A/c at Corporation Bank -120005 - Pension Scheme FundCLKCC A/c at Corporation Bank -120004 - Accident Scheme FundCLKCC A/c at Corporation Bank -110003 - General
Note: 8 Bank Account:
. ' Total " " ".' ' ' /'".';,, 'I,
_ TDS on 2017-18|^ Assistant Labour Commissioner Bellary Division, Davanagere
Tata Aig
TDS ReceivableNote: 7 Loans and Advances and other current assets:
^ . . '.... ..'•",;.:.," ':•'"' Total.- '::'.",..:;,.... .;v,;.y, .\Y,Y"
Telephone DepositsNote: 6 Deposits
.,'"". Total ... '.!'... ..'-.. "' . '....
TDS PayablesProfessional tax PayableLIC PayableKGIDGPFGIS payable
Security Deposit-IIMPSNote: 4 Other Liabilities:
'. '..'"'"!. '*. .'"'.'.'".'" ' '." 'IT. Total',".?"!.." ." .Y"7"."\"" ,Y"*'Y
salary payableGajanana EnterprisesAudit fees payableTelephone charges payable
Note: 3 Provisions:
^ /.•. s-.r^... ;>^^^;,8.^^i,..8,:.-'j 8.^:>*i..tAS;ar.-^.Total , . ...'.-..
CAMSSri Siddarth informatic Pvt LtdSri Guruvaibhav EnterprisesNIC National informatic centreKarnataka rural Infrastructure Devalopment LtdMyshore IT Solutions Pvt LtdPFRDAAlankit Assignment
Note: 2 Sundry Creditors:
Particulars • . , .
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