The K. C. Mahindra Education Trust’s corpus at the financial year-end
2015-16 was Rs. 3,151.74 lakhs.
Income & Expenditure
Total income earned amounted to Rs. 6,375.09 lakhs in 2015-16 (This includes M & M Group CSR donations of Rs. 3,371.29 lakhs (Rs. 2,077.29 lakhs for Nanhi Kali and Rs. 1,294.00 lakhs for other initiatives) and repayment of loan scholarship of Rs. 109.30 lakhs), compared to
Rs. 5,695.43 lakhs in 2014-15. (This includes M & M Group CSR donations of Rs. 3,093.86 lakhs (Rs. 1,917.82 lakhs for Nanhi Kali and Rs. 1,176.04 lakhs for other initiatives) and repayment of loan scholarship of Rs. 80.81 lakhs). Dividends and interest income totalled to Rs. 600.90 lakhs in
2015-16.
Expenditure on total program activities amounted to Rs. 5,590.54 lakhs which includes general establishment expenditure of Rs.11.46 lakhs.
A break-up of the project-wise expenditure is given below:
| Project | Rs. In Lakhs | % of Total Expenditure |
|---|---|---|
| K. C. Mahindra Scholarships for Post-Graduate Studies Abroad | 100.00 | 1.79% |
| MMFSL Scholarship | 300.00 | 5.37% |
| Mahindra All India Talent Scholarship | 143.49 | 2.57% |
| Honour Scholarship | 1.20 | 0.02% |
| K. C. Mahindra UWC Scholarship | 94.38 | 1.69% |
| Vinita Wanchhoo Lecture series | 0.85 | 0.02% |
| Mahindra Pride School | 1,040.00 | 18.60% |
| Project Nanhi Kali | 3,899.16 | 69.75 |
| General Establishment Expenditure | 11.46 | 0.20 |
| TOTAL | 5,590.54 | 100% |
| Statement of Affairs as on 31.03.16 | (Rs. in Lakhs) |
| Particulars | F16 | F15 |
|---|---|---|
|
Liabilities Corpus Fund |
3,151.74 |
2,916.74 |
| Earmarked Funds - Project Nanhi Kali | 549.02 | 430.83 |
| Excess of Income Over Expenditure | 4,319.92 | 3,662.86 |
| TOTAL | 8,020.68 | 7,010.43 |
|
Assets Fixed Assets |
- |
0.02 |
| Investments | 3,735.59 | 2,927.59 |
| Current Assets, Loans and Advances | ||
| Cash and Bank Balance | 227.81 | 568.77 |
| Short Term Investments | 3,661.17 | 3,115.72 |
| Loan Scholarship | 355.05 | 364.35 |
| Tax Deducted at Source and Other Advances | 41.06 | 33.98 |
| TOTAL | 8,020.68 | 7,010.43 |
| Income and Expenditure Account for the year ended on 31st March, 2016 | (Rs. in Lakhs) |
| Particulars | F16 | F15 |
|
Income Donations |
5,546.69 |
4,912.66 |
| Interest and Dividend | 600.91 | 479.35 |
| TOTAL | 6,147.60 | 5,392.01 |
|
Expenditure Expenditure on the Objects of the Trust |
5,438.32 |
4,618.49 |
| Personnel Cost | 40.76 | 39.55 |
| Administration and General Expenses | 11.44 | 7.42 |
| Depreciation | 0.02 | 0.03 |
| TOTAL | 5,490.54 | 4,665.49 |
| Surplus for the Year | 657.06 | 726.52 |
| Surplus Brought Forward | 3,662.86 | 2,936.34 |
| Surplus Carried Forward | 4,319.92 | 3,662.86 |
