Financial Report 2014-15

Social Responsibility Cell

Xavier Institute of Management

Bhubaneswar

1 | S h i k s h a K u n j i F i n a n c i a l R e p o r t

To empower the socially and

economically challenged people for a

better tomorrow

Our Mission

To build a platform which will spread the

power of literacy among the less fortunate

members of our society by bringing alumni,

students and academicians of XIMB family

together

Our Objective

To educate at least 80 children by the

academic year 2017-18

2

Our Vision

What Shiksha Kunji is all about:

Shiksha Kunji, an initiative of Social responsibility cell of XIMB, is a platform which aims at

facilitating education of children from weaker sections of the society. The initiative channelizes

support from the XIMB family (Student, Staff, Alumni and Faculty), towards a brighter future

for these children.

Shiksha Kunji was launched officially on 14th of November, 2012 with an objective of

educating at least 80 children in the academic year 2017-18.

This programme is implemented in partnership with schools which are selected through a

rigorous selection process. The schools in turn suggest students to Shiksha Kunji who are in

need of assistance to pursue education. The students are evaluated based on educational

records, family and economic background. Each selected student is provided assistance in

terms of school fees, books, uniforms and miscellaneous education expenditure. The

partnering schools in 2014-15 were ASHTAR (29 students) and Loyola Odia Medium school (11

students). The number of students under the programme has gone up to 40 in the current

academic year.

Our Targets for Academic Year 2015-16: Ensure the education of at least 50 to 55 students for the academic year 2015-16 An addition of affiliated School by the academic year 2015-16. In addition to new donors, retain at least 75% of the existing sponsors Addition of a minimum of 10 new sponsor. Implement and follow policies to ensure complete transparency and honesty in all

transactions.

Generate sufficient surplus to sustain education of at least 20 students each year till 2017-18.

Conduct impact assessment for all students on a half yearly basis.

3 | S h i k s h a K u n j i F i n a n c i a l R e p o r t

Our current Affiliations:

ASHTAR (ASIAN SOCIETY FOR HUMANITY, TOGETHERNESS AND

REHABILITATION)

ASHTAR, operating since 7th Jan, 2001, was set up to impart education to children from

weak financial backgrounds at a subsidized cost.

Besides providing education, the school also ensures overall development of the children by

organizing various cultural events, vocational training workshops and community

development sessions. This better equips them for employment later on in life.

ASHTAR is recognized by the government of Odisha and follows the state syllabus.

LOYOLA ODIYA (RAINBOW) SCHOOL

The school was first started with a view to providing tutorial support to children from nearby

slums. After the merger of Loyola and Rainbow School in 2008, it transformed into a full-

fledged school

Currently, there are over 600 students enrolled in Loyola Odiya medium school, fromclasses UKG to 10th.

4 | S h i k s h a K u n j i F i n a n c i a l R e p o r t

Our Supporters:

Integral parts of the programme are the donors who hail from the XIMB community

(students, faculty, Alumni and staff). The programme maps each donor to a beneficiary. The

donors are provided with information regarding the performance of their wards through bi-

annual reports. Our donors include the alumni from 1987-89 batch of XIMB.

Team Shiksha Kunji also reached out to its benefactors through various functions like Grand

Home Coming, Sanidhya (Alumni Home Coming), Convocation and other such

celebrations.

Our Team:

Faculty Team

Dr. D. Venkata Ramana (Faculty Corodinator)

Prof. Jeevan J. Arakal

Prof. P.K. Mohanty

Dr. Banikanta Mishra

Prof. Niraj Kumar

Dr. E. M. Rao

Founding Team

Hinang Shah

Surbhi Gupta

Arpit Asthana

Chandan Dikshit

N V Srikanth

Abdul K Mohd

Bijaylaxmi Rath

Nithya Joy

Gutta Rohith

Parantap Sharma

Prerna Katyal

Sudeshna Ray

Lavina Mittal

Sarat Kumar

Student Team 2014-15

Mamsha Rath

(Student Coordinator)

Akriti Singh

Indrajeet Kumar

Rakesh A

Shadow Team 2014 -15

Barnali Dash

Nishita Dash

V Abhinav

Shreya Goenka

Debangshu Bhattacherjee

Rakesh Jalan

Aayush Gandhi

Isha Upadhyay

Rachit Jain

Sathamchetty Balachander

Girish

Ankit Jain

Barsha Rani Hota

Alisha Mohanty

Radhika Sarda

Agrim Verma

Mirza Farhan Beg

Ragini Choudhary

Neyati Bhanot

5 | S h i k s h a K u n j i F i n a n c i a l R e p o r t

Shiksha KunjiReceipts and Payments

for the year ended 31st March 2015

Receipts AmountPayments Amount

To Bank b/d 2,24,539 By ASHTAR 34,110

To Donors 1,05,000 By Loyola 32,230

To Interest 5,380By Bank c/d 2,73,218

To interest 6,223Website 684

Operational Expenses 900

3,41,142 3,41,142

6| S h i k s h a K u n j i F i n a n c i a l R e p o r t

Shiksha KunjiIncome and Expenditure for the year ended 31st March 2015

Expenditure Amount Income Amount

To ASHTAR 34110By Donations received in advance 66340

To Loyola 32230By Interest 5380

Operational Expenses 900By Interest 6223

Website 684

To Surplus 10019

77,943 77,943

Financial Details 2014-15 :

7| S h i k s h a K u n j i F i n a n c i a l R e p o r t

Shiksha KunjiBalance Sheet

as on 31st March 2015

Liabilities AmountAssets AmountDonations received in advance 255619Bank 273218

Capital Fund 7580

Add: Surplus 10019

2,73,218 2,73,218

Donor ListYear Name Amount

2014-15

Student Executive Council

2013-14 70,000

2014-15 Jayita Das 2,500

2014-15 Ruby Peethambaran 2500

2014-15 Chandrasekhar AB 2500

2014-15 Deeptendu Samanta 2500

2014-15 Raj 2500

2014-15 W.S William 7500

2014-15 Ritika Agarwal 2500

2014-15 Sarandha Kumar 2500

2014-15 Amit Nanda 5000

2014-15 Dr D V Ramanna 5000

Bank Account DetailsBranch- Fortune tower, Bhubaneswar

Account name- Shiksha KunjiAccount No- 32658365263 IFSC code- SBIN0004414

Contact UsWe welcome your feedback/ support/ suggestions.

Website: http://shikshakunji.org/ Email: shiksha.kunji@gmail.com

Facebook: http//www.facebook.com/shikshakunji Mobile: +91 7504440870

NOTE: The limited responsibility of maintaining the accounts rests with Shiksha Kunji and Social Responsibility Cell only. This report is in not an annual report and not in accordance with GAAP guidelines. It is meant for the sole use of the stakeholders including supporters, affiliated schools and other people. For further details visit our website or mail us

8| S h i k s h a K u n j i F i n a n c i a l R e p o r t