SECT - Trust Report March 2022

SECT - Trust Report March 2019

Srini Educational & Charitable Trust

West Mambalam, Chennai

March 2019

Srini Educational & Charitable Trust a non-religious, public charitable trust, formed in the year 2016, with the Object, ‘to uplift the socio-economic status of the poor/ needy/ uneducated/ downtrodden people in general and particularly in the fields of education, skill development, healthcare, eradication of poverty, improvement of morals’. 

The Initial Scope of the Trust is to “Aid and support Students in the cause of Education”. To provide financial aid to meritorious, needy and deserving students by covering their tuition fees, book expenses, etc., for their Plus2 or College education. 

The Trust plan is to provide financial aid to 25~30 Students yearly, with a budget of Rs 6~7 lacs per annum. Financial aid per student per year shall be limited to maximum of Rs 25000/-. 

The Charitable activity under the Trust Object "Aid to Students for Education" has commenced since May’2016 and Rs 10.98 lacs expended as on date to support Students in the cause of Education.  

In addition, Corpus Fund of Rs 19.90 lacs created and held as Bank Deposit.  The income proceeds of this Fund spent to meet the Trust Object. 

During the year 2016-17, a sum of Rs 3.07 lacs dispersed to 13 Students to support their education/ higher education. See statement ‘Details of Students Aided – 2016-17’. For the year 2017-18, the Charity activity under the Trust Object "Aid to Students for Education" had resulted in a dispersal of a sum of Rs 3.29 lacs to 16 Students to support their education/ higher education. Of these 16 students, six students are girls. 14 students provided aid for their College education. See statement ‘Details of Students Aided – 2017-18’. 

In the current year 2018-19, a sum of Rs 4.63 lacs dispersed against a budget of Rs 5 lacs, to support the education needs of 21 students. Of these 21 students, nine students are girls. Eighteen students provided aid for their College education. See statement ‘Details of Students Aided – 2018-19’.   

All the students are meritorious and sincere in their academic efforts. 

Donation received during the year is Rs 4.67 lacs. Corpus Fund Donation received during the year is Rs 12.50 lacs. 

The budget for the year 2019-20 is maintained at Rs 5 lacs and all required efforts will be put forth to meet the Trust Object. 

Details of Students under "Aid to Students for Education" for the Year 2018-19

Sno Date Appl No: Name: Parent/Guardian: Address: Class/Year: Course: College/ School: Paid For: Amount(Rs)

1 9-Apr-18 ST/01/2018 R J Akshaya Shree G Ragunathan Kolathur, Chennai 10th Class High School Everwin Matriculation Higher Secondry School, Redhills Road, Kolathur, Chennai School Fees 30000.00

2 5-Jun-18 ST/02/2018 J Ruby Helen S Jesuraja West Mambalam, Chennai Degree 1st year B Com (A&F) Sri Shankarlal Sundarbal Shasun Jain College, T Nagar, Chennai 1st Term fees 25000.00

3 8-Jun-18 ST/03/2018 S Lishanthini S Shankar Mylapore, Chennai Degree 1st year BCA Justice Basheer Ahmed Sayeed College for Women, KB Dasan Road, Teynampet, Chennai 1st year fees 24000.00

4 23-Jun-18 ST/04/2018 M Harikrishnan S Marimuthu T. Nagar, Chennai Degree 1st year B Com General Guru Nanak College, Velachery Road, Chennai 1st year fees 25000.00

5 23-Jun-18 ST/05/2018 V Arunraj M N Vinod Vadapalani, Chennai Degree 3rd year B Com General Ramakrishna Mission Vivekananda College, Mylapore, Chennai 3rd year fees 25000.00

6 25-Jun-18 ST/06/2018 M. Dhanapriya G. Murugesan Musiri, Tiruchi Degree 2nd year BBA Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi 3rd Term Fees 5000.00

7 25-Jun-18 ST/07/2018 K. Thangaponnu P. Kamaraj Teppakulam, Tiruchi Degree 2nd year BSc Bio Chem Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi 3rd Term Fees 5000.00

8 25-Jun-18 ST/08/2018 S. Maha S. Kanthamani Kattukulam, Tiruchi Degree 2nd year BSc Comp Science Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi 3rd Term Fees 5000.00

9 25-Jun-18 ST/09/2018 S Sangeetha K Sakthivel Srirangam, Trichy 11th Class Hr Sec School Sree Vaijayanthee Vidhyalaya Matriculation Hr Sec School, Mangamma Nagar, Srirangam, Trichy 1st Term fees 8500.00

10 25-Jun-18 ST/10/2018 S Santhosh Kumar V Sasikumar Lalgudi, Trichy 11th Class Hr Sec School Sree Vaijayanthee Vidhyalaya Matriculation Hr Sec School, Mangamma Nagar, Srirangam, Trichy 1st Term fees 8500.00

11 9-Jul-18 ST/11/2018 S Srinidhi V Srimathi Korattur, Chennai Degree 1st year B Com (CS) Ethiraj College For Women, Chennai 1st Sem fees 25000.00

12 28-Jul-18 ST/12/2018 N Pavitra J Natarajan West Mambalam, Chennai Degree 2nd year B Sc Comp Science Sri Shankarlal Sundarbal Shasun Jain College, T Nagar, Chennai Sem 3 fees 25000.00

13 14-Aug-18 ST/14/2018 V. Mukundan N Venkatakrishnan West Mambalam, Cnennai Degree 2n year B Com (General) Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai 2nd Year Fees 25000.00

14 20-Aug-18 ST/15/2018 B. Vijaya raghavan V. Balasubramanian West Mambalam, Cnennai Degree 2n year B Com (A&F) Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai 2nd Year Fees 25000.00

15 22-Aug-18 ST/16/2018 N Vijaya Ram S Nagaraj Chinmaya Nagar, Chennai Degree 1st year B Com (MB) Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai 1st year fees 25000.00

16 22-Aug-18 ST/17/2018 J Mathiswaran J Lakshmi Mylapore, Chennai- Degree 1st year B Com General Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai 1st year fees 25000.00

17 22-Aug-18 ST/18/2018 S PrakashRaj A Subramanian RA puram, Chennai Degree 1st year B Com General Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai 1st year fees 25000.00

18 28-Aug-18 ST/19/2018 Various Students - Chengalpattu, Kanchipuram district. Class 1 to 5 Primary School PEGASUS, Students Forum, Madras School of Social Work, Casa Major Road, Egmore, Chennai Books, Notebooks, Stationery 10000.00

19 29-Aug-18 ST/20/2018 R. Raghul R. Jana Triplicane, Chennai Degree 3rd year BCA Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai 3rd year fees 25000.00

20 10-Sep-18 ST/21/2018 S Srinivasan V. Sridhar Kancheepuram Degree 3rd year BE Mech Sri Sai Ram Engineering College, West Tambaram, Chennai 3rd year fees 25000.00

21 15-Oct-18 ST/13/2018 L. Vignesh C Lakhsmanan Valasaravakkam, Chennai Degree 3rd year B Sc Comp Science SRM Institute of Science & Technology, Ramapuram, Chennai Books & Career Dvlmpt Fees 13500.00

22 19-Dec-18 ST/09A/2018 S Sangeetha K Sakthivel Srirangam, Trichy 11th Class Hr Sec School Sree Vaijayanthee Vidhyalaya Matriculation Hr Sec School, Mangamma Nagar, Srirangam Term fees 6500.00

23 19-Dec-18 ST/10A/2018 S Santhosh Kumar V Sasikumar Lalgudi, Trichy 11th Class Hr Sec School Sree Vaijayanthee Vidhyalaya Matriculation Hr Sec School, Mangamma Nagar, Srirangam Term fees 6500.00

24 7-Jan-19 ST/22/2018 G. Hemanath G. Indira Thumbakkam, Tiruvallur Degree 2nd year B Com (A&F) Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai 2nd Year Fees 25000.00

25 22-Jan-19 ST/06A/2018 M. Dhanapriya G. Murugesan Musiri, Tiruchi Degree 2nd year BBA Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi 4th Term Fees 5000.00

26 22-Jan-19 ST/07A/2018 K. Thangaponnu P. Kamaraj Teppakulam, Tiruchi Degree 2nd year BSc Bio Chem Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi 4th Term Fees 5000.00

27 22-Jan-19 ST/08A/2018 S. Maha S. Kanthamani Kattukulam, Tiruchi Degree 2nd year BSc Comp Science Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi 4th Term Fees 5000.00

Total (Rs) Total Rs 462500.00

Srini - Trust Activity Report - March 2018

Srini

give, share, love

providing opportunities to the deserving

A REPORT ON

TRUST ACTIVITIES

March, 2018

by S. Ramanan, Trustee

Srini Educational & Charitable Trust

West Mambalam, Chennai

Introduction:

Srini Educational & Charitable Trust is a non-religious, public charitable trust, brought into existence on 21st April 2016, by means of a Deed of Trust, registered in the office of the Sub Registrar, Thyagaraya Nagar Chennai.

The Object of the Trust is to uplift the socio-economic status of the poor/ needy/ uneducated/ downtrodden people in general and particularly in the fields of education, skill development, healthcare, eradication of poverty, improvement of morals.

Without prejudice to the generality of what is stated above, the Objects of the Trust are all or any of the following:

·                    To aid poor and deserving students for their studies provided they show aptitude and right talent.

·                    To start and run Skill development Centers to train the students after completion of academic studies to fit then in suitable careers.

·                    To start and run vocational classes either as accredited ITIs or otherwise.

·                    To build schools, colleges, hostels, as may be necessary to upgrade the future generation and make people highly literate.

·                    To impart education to illiterate elderly people thereby improving their status in Society.

·                    To efficiently propagate / fight for the prevention of all kinds of exploitation of women and to provide rescue and comfort for the affected women and to get them rehabilitated in the society in a dignified way.

·                    To run old age homes for the elderly.

·                    To cooperate with any other Charitable Organization, which has similar, objects as our Trust and to give/ take donations or any other help that are mutually agreed upon.

·                    To collect funds and any other means of wealth and materials for financing the activities of the Trust from the general public, Institutions, foreign sources, donations/ grants from the government, public Institutions and by conducting dramas, cultural programs, discourses, seminars, etc.

·                    To buy land, construct buildings and to buy all other equipment’s, accessories, etc. for running successfully the activities of the Trust more efficiently.

·                    To help the people affected by natural calamities such as flood, earthquake, fire, famine, risks of war, epidemic, train/air/road accidents etc. and rehabilitate persons so affected.

·                    To help mentally or physically retarded people wherever needed.

·                    And to carry on such other incidental/ supplementary activities for purposes of accomplishing the above objects of the Trust.

The Initial Scope of the Trust Object: the foremost object of immediate perusal is to “Aid and support Students in the cause of Education”.

•          To provide financial aid to meritorious, needy and deserving students by covering their tuition fees, book expenses, etc., for their Plus2 or College education.

•          To provide scholarship for bright and enthusiastic students from economically weaker families (families with limited financial support).

•          To provide Career guidance by giving awareness of all the choices (educational courses) and the scope of the choices available to them and to assist them in their college admission.

•          To keep a track of their performance (both academic and non-academic) and to monitor their progress.

•          To counsel them if needed and if some decline in performance is seen – advice/ motivate them to improve performance.

Selection Process: Spread word about educational trust and its scope of objectives though website (blog), social media, tie-up with a few short listed colleges, word of mouth/ referrals, etc.

•          Receive application – directly from students or through references, from Chennai and else-where, short list for deserving students based on academic performance (merit), government school, first generation college goers, community, parents’ occupation and family income. Collect bio-data/ details along with copy of marks sheet (class X, XII or Higher), school conduct & migration certificate, admission letter, any sports, appreciation or reference certificate/ letter, community certificate, parent’s pay slip (letter from employer or parent’s self-declaration), photo, ID and address proof.

•          Personal Interview & House visit – short listed students called for personal interview with parent or guardian. All required information/ data checked and copies of documents submitted are verified against originals. Assess the students attitude and willingness to study further, past performance, family background, parents education, number of siblings & their education, income of parents/ family, widow/ single parent, course preferred, college preferred, total fee amount, etc. If required, House visit is done to assess the information and verify the facts provided during interview.

•          Selection is finalized based on the above socio-economic, academic scoring, course & college selected, total fee amount, etc.  Where required the selected student is assisted during college admission.

·                    Payment is made through cheque and receipt collected.

Further Scope expansion will aim to cover – Coaching for Competitive Exams, Skill development and Vocational training to deserving and needy students/ persons to enable them to enhance their career or job prospects.

The inspiration and spiritual guiding force behind this Trust is Late Shri R. Srinivasan (father of Trustee Shri S. Ramanan).

Shri R. Srinivasan hailing from a needy family was provided free education and free boarding by Ramakrishna Mission Students Home, Mylapore, Chennai, from where he passed out with a Diploma in Automobile Engineering - thus started his desire to ‘aid and support needy students for education’.

From there he joined M/s Enfield India, as an apprentice and raised-up to the rank of Regional Manager. Further on he became an entrepreneur and a successful industrialist in the field of auto ancillary industry.

During his career and business year’s he was in close touch with Ramakrishna Mission Home and was giving donations regularly and also collecting & remitting donations from others. He has an endowment created at the Home.

In his later years he settled near his native village and started providing free hostel and free boarding facilities to poor young students sent from Ramakrishna Mission Home, he had upto 25 students at his hostel all provided for from his own business income - till his untimely demise in 2010.

In pursuance and to carry forward his charitable efforts, we, the Trustees have come together and formed this Charitable Trust.

The Charitable activity under the Trust Object "Aid to Students for Education" has commenced since May’2016.

During the year 2016 – 17 a sum of Rs 3.07 lacs was dispersed to 13 Students to support their education/ higher education. See statement ‘Details of Students Aided – 2016-17

For the present financial year 2017 – 18, The Charity activity under the Trust Object "Aid to Students for Education" had resulted in a dispersal of a sum of Rs 3.29 lacs to 16 Students to support their education/ higher education. See statement Details of Students Aided – 2017-18.

Donation Collected during this period is Rs 5.45 lacs.

Apart from this a sum of Rs 7.30 lacs has been Collected as Donation towards Corpus Fund of the Trust.

Of the sixteen students aided in this year, six students are girls. Total of fourteen students are provided aid for their College education.  All the students are meritorious and sincere in their academic efforts.

  

Methodology:

The initial aim is to focus aid to three year Degree College students (both boys & girls) and also to an extent Plus-2 School students.

The Trust plans to provide financial aid to 25 to 30 Students on an average yearly, this would require a budget of Rs 7 to 8 lacs per annum.

 Financial aid per student per year shall be limited to Rs 15000 to Rs 30000/-, (depending on the need and merit, considerations or restrictions shall be made).

Funding:

To maintain the above and to assure financial aid to the students (this will enable the students to focus and excel in their academic performance), the Trust should create an assured source of annual income.

·        The Trust plans to achieve this by creating a substantial corpus fund.

A corpus fund of Rs 1.00 crore, collected in a span of three years and deposited in fixed deposit with bank or invested as stipulated in the income tax act, will yield an annual income the proceeds of which shall be used to meet “Aid to Students for Education” and other Charitable Object of the Trust.

Request Proposal:

An appeal is made to the all Patrons and Well-wishers to whole-heartedly come forward and donate towards the Corpus Fund of the Trust, to help fund and reach the target of Rs 1 crore, thereby enabling the Trust in achieving the “Aid to Students for Education” and other Charitable Object of the Trust.

·       Donations to the Trust are eligible for exemption under section 80G of Income Tax Act 1961.

Srini Educational & Charitable Trust (Un-Audited Figures)
Balance Sheet as on 31st March 2018
Particulars				As on 31st March
Sources of Funds				Rs.
Corpus Fund				7,40,000.00
Surplus				2,64,554.00
		Total:		10,04,554.00
Application of Funds
Fixed Assets
-				-
Current Assets Tax Deducted at Source				2,203.00
Cash and Bank Balances				10,02,351.00
		Total:		10,04,554.00
Income and Expenditure Account for the Year 2017 – 2018
Particulars				As on 31st March
Income				Rs.
Donations Received				5,45,000.00
Interest on Bank Accounts				24,123.00
		Total:		5,69,123.00
Expenditure
Expenses towards the Objects of the Trust				3,50,229.00
Excess of Income Over Expenditure				2,18,894.00
		Total:		5,69,123.00
Receipts and Payments Account for the Year 2017 – 2018
Particulars				As on 31st March
Receipts				Rs.
Donation Received				5,45,000.00
Donation to Corpus Fund				7,30,000.00
Interest on Bank Accounts				24,123.00
		Total:		12,99,123.00
Payments
Expenses towards the Objects of the Trust				3,50,229.00
Payment of Provision for Expenses				0.00
Increase or (Decrease) in Net Current Assets				9,48,894.00
		Total:		12,99,123.00

Srini Educational &Charitable Trust
Details of Students under "Aid to Students for Education" for the Year 2018-19
Sno	Date	Appl No:	Name:	Parent/Guardian:	Address:	Class/Year:	Course:	College/ School:	Paid For:	Amount(Rs)	Chq no:
1	30-May-17	ST/01/2017	M. Dhanapriya	G. Murugesan	Musiri, Tiruchi	Degree 1st year	BBA	Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi - 5	1st Term Fees	5000.00	684358
2	30-May-17	ST/02/2017	K. Thangaponnu	P. Kamaraj	Teppakulam, Tiruchi	Degree 1st year	BSc BioChemistry	Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi - 5	1st Term Fees	5000.00	684358
3	30-May-17	ST/03/2017	S. Maha	S. Kanthamani	Kattukulam, Tiruchi	Degree 1st year	BSc Comp Science	Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi - 5	1st Term Fees	5000.00	684358
4	05-Jun-17	ST/04/2017	M. Hari Krishnan	S. Mari Mathu	T. Nagar, Chennai	XII Std	Commerce	Ramakrishna Mission Matriculation Higher Secondary School, T.Nagar, Chennai – 17	Admission and 1st Term	20000.00	684359
5	12-Jun-17	ST/05/2017	S. Vijay	P. Lalitha	Redhills, Chennai	Degree III year	B. Com (Bank Managmnt)	Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai – 4	Third Year Fees	25017.00	684360
6	27-Jun-17	ST/06/2017	S. Srinivasan	V. Sridhar	Kancheepuram	Engineering 2nd year	BE Mechanical	Sri Sai Ram Engineering College, West Tambaram, Chennai 44	2nd year fees	25000.00	648306
7	30-Jun-17	ST/08/2016	G. Naveen Kumar	G. Devika	Thandrampet, Tiruvannamalai	Class XI	Hr Sec School	Sri Vijayya Vidhyalaya Matri Hr Sec School, Harur, Dharmapuri	Full year fees	21000.00	648308
8	04-Jul-17	ST/09/2016	V. Arunraj	M N Vinod	Vadapalani, Chennai	Degree 2nd year	B Com (General)	Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai – 4	2nd year fees	25017.00	648309
9	15-Jul-17	ST/10/2017	R. Raghul	R. Jana	Triplicane, Chennai	Degree 2nd year	BCA	Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai – 4	2nd year fees	25000.00	648310
10	17-Jul-17	ST/11/2017	L. Vignesh	C Lakhsmanan	Valasaravakkam, Chennai	Degree 2nd year	B Sc Comp Science	SRM Institute of Science & Technology, Ramapuram, Chennai 89.	Books & Career Dvlmpt Fees	13500.00	648311
11	08-Aug-17	ST/12/2017	K. Nivedhitha	S Karhtikeyan	Ullagaram, Chennai	Degree 3rd year	B Sc Comp Science	Ethiraj College For Women, Chennai- 600008	Sem 5 fees	15000.00	648313
12	21-Aug-17	ST/13/2017	G. Hemanath	G. Indira	Thumbakkam, Tiruvallur	Degree 1st year	B Com (A&F)	Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai – 4	1st Year Fees	25000.00	648314
13	21-Aug-17	ST/14/2017	B. Vijaya raghavan	V. Balasubramanian	West Mambalam, Cnennai	Degree 1st year	B Com (A&F)	Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai – 4	1st Year Fees	25000.00	648315
14	21-Aug-17	ST/15/2017	V. Mukundan	N. Venkatakrishnan	T. Nagar, Chennai	Degree 1st year	B Com (General)	Ramankrishna Mission Vivekananda College (Evening College), Mylapore, Chennai – 4	1st Year Fees	25000.00	648316
1A	11-Dec-17	ST/01/2017	M. Dhanapriya	G. Murugesan	Musiri, Tiruchi	Degree 1st year	BBA	Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi - 5	2nd Term Fees	5000.00	648318
2A	11-Dec-17	ST/02/2017	K. Thangaponnu	P. Kamaraj	Teppakulam, Tiruchi	Degree 1st year	BSc BioChemistry	Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi - 5	2nd Term Fees	5000.00	648318
3A	11-Dec-17	ST/03/2017	S. Maha	S. Kanthamani	Kattukulam, Tiruchi	Degree 1st year	BSc Comp Science	Srimad Andavan Arts & Science College, Nelson Rd, TV Koil, Tiruchi - 5	2nd Term Fees	5000.00	648318
15	07-Jan-18	ST/16/2017	M Nithya Shree	N Murali	Ambattur, Chennai	Degree 2nd year	B.Com	MOP Vaishnav College for Women, Nungambakkam High Road, Chennai 34	2nd year IV semester	23200.00	648319
16	07-Feb-17	ST/17/2017	A. Shalini	C. Anbalagan	Mandaveli, Chennai	Degree 3rd year	B Sc Comp Science	Justice Basheer Ahmed Sayeed College For Women, Teynampet, Chennai 18	Third Year Fees	21000.00	648323
11A	15-Feb-18	ST/12/2017	K. Nivedhitha	S Karhtikeyan	Ullagaram, Chennai	Degree 3rd year	B Sc Comp Science	Ethiraj College For Women, Chennai- 600008	Sem 6 fees	10000.00	648324
								Total (Rs)	Total Rs	328734.00