Srini
give, share, love
providing opportunities to the deserving
A REPORT ON
TRUST ACTIVITIES
March, 2017
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
for the year 2016 – 17 since May’2016.
A sum
of Rs 3.07 lacs has already been dispersed to Students to support their
education/ higher education as of March’2017.
·
The details of the Students aided
during the year 2016 - 17:
Date
|
Appl No:
|
Name:
|
Course:
|
College/ School:
|
Amount(Rs)
|
30-May-16
|
ST/02/2016
|
M. Hari Krishnan
|
Commerce
|
Ramakrishna Mission Matriculation Higher Secondary School, T.Nagar,
Chennai 17
|
33900.00
|
13-Jun-16
|
ST/04/2016
|
S. Vijay
|
B. Com (Bank Managmnt)
|
Ramankrishna Mission Vivekananda College (Evening College), Mylapore,
Chennai 4
|
25000.00
|
16-Jun-16
|
ST/05/2016
|
S. Hemalatha
|
BBA
|
Dr MGR Janaki College for Women, Durgabai, Deshmukh Road, RA Puram,
Chennai 28
|
34000.00
|
22-Jun-16
|
ST/01/2016
|
R. Raghul
|
BCA
|
Ramankrishna Mission Vivekananda College (Evening College), Mylapore,
Chennai 4
|
30987.00
|
27-Jun-16
|
ST/03/2016
|
K. Vignesh
|
Computer Science
|
Sri Ramakrishna Mission Vidyalaya Boy’s Higher Sec School, Chengalpet
|
15500.00
|
01-Jul-16
|
ST/09/2016
|
V. Arunraj
|
B Com (General)
|
Ramankrishna Mission Vivekananda College (Evening College), Mylapore,
Chennai 4
|
25000.00
|
07-Jul-16
|
ST/10/2016
|
L. Vignesh
|
B Sc Comp Science
|
SRM Institute of Science & Technology, Ramapuram, Chennai 89.
|
13500.00
|
21-Jul-16
|
ST/08/2016
|
M. Mohanapriya
|
B Com (General)
|
Ethiraj College For Women, Chennai 8
|
25075.00
|
21-Jul-16
|
ST/12/2016
|
K. Nivedhitha
|
B Sc Comp Science
|
Ethiraj College For Women, Chennai 8
|
26075.00
|
23-Jul-16
|
ST/11/2016
|
S. Srinivasan
|
BE Mechanical
|
Sri Sai Ram Engineering College, West Tambaram, Chennai 44
|
25000.00
|
02-Aug-16
|
ST/13/2016
|
G. Naveen Kumar
|
Hr Sec School
|
Lourdu Matha Matric Hr Sec School, Thandarampet, Tiruvannamalai
|
13300.00
|
19-Aug-16
|
ST/14/2016
|
A. Shalini
|
B Sc Comp Science
|
Justice Basheer Ahmed Sayeed College For Women, Teynampet, Chennai 18
|
10000.00
|
19-Dec-16
|
ST/06/2016
|
M Nithya Shree
|
B.Com
|
MOP Vaishnav College for Women, Nungambakkam High Rd, Chennai 34
|
23200.00
|
20-Jan-17
|
ST/13/2016
|
G. Naveen Kumar
|
Hr Sec School
|
Lourdu Matha Matric Hr Sec School, Thandarampet, Tiruvannamalai
|
6700.00
|
|
|
|
|
Total: Rs
|
307237.00
|
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
& four year Degree 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 (in Indian Rupees only) 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 2017
|
|
|
Particulars
|
|
|
|
As on 31st March 2017
|
Sources
of Funds
|
|
|
|
Rs.
|
Corpus
Fund
|
|
|
|
10,000.00
|
Surplus
|
|
|
|
45,660.00
|
| | | | |
|
|
Total:
|
|
55,660.00
|
Application
of Funds
|
|
|
|
|
Fixed
Assets
|
|
|
|
|
-
|
|
|
|
-
|
Current
Assets
|
|
|
|
|
Cash
and Bank Balances
|
|
|
55,660.00
|
|
|
Total:
|
|
55,660.00
|
|
|
|
|
|
Income
and Expenditure Account for the Year 2016 - 2017
|
Particulars
|
|
|
|
As on 31st March 2017
|
Income
|
|
|
|
Rs.
|
Donations
Received
|
|
|
|
400,000.00
|
Interest
on Bank Accounts
|
|
|
2,066.00
|
Excess
of Expenditure Over Income
|
|
0.00
|
|
|
Total:
|
|
402,066.00
|
Expenditure
|
|
|
|
|
Expenses
towards the Objects of the Trust
|
|
356,406.00
|
Excess
of Income Over Expenditure
|
|
45,660.00
|
|
|
Total:
|
|
402,066.00
|
|
|
|
|
|
Receipts
and Payments Account for the Year 2016 - 2017
|
Particulars
|
|
|
|
As on 31st March 2017
|
Receipts
|
|
|
|
Rs.
|
Donation
Received
|
|
|
|
400,000.00
|
Donation
to Corpus Fund
|
|
|
10,000.00
|
Interest
on Bank Accounts
|
|
|
2,066.00
|
|
|
Total:
|
|
412,066.00
|
Payments
|
|
|
|
|
Expenses
towards the Objects of the Trust
|
|
356,406.00
|
Payment
of Provision for Expenses
|
|
0.00
|
Increase
or (Decrease) in Net Current Assets
|
55,660.00
|
|
|
Total:
|
|
412,066.00
|
