Independent Auditors' Report and Financial Statements...
Transcript of Independent Auditors' Report and Financial Statements...
Independent Auditors' Report and Financial Statementsof
Community Climate Change Project (CCCP)
Implemented byPalli Karma-Sahayak Foundation (PKSF)
As at and for the year ended 30 June 2016
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MABS & J PartnersCharrtered A<( iji cunnt
Independent Auditors' Report to the General Body ofPalli Karma-Sahayak Foundation (PKSF)
We have audited the accompanying financial statements of " Community Climate Change Project(CCCP)" implemented by Palli Karma-Sahayak Foundation (PKSF). which comprise the statement offinancial position as at 30 June 2016 and the statement of comprehensive income and the statement ofcash flows for the year then ended and a summary of significant accounting policies and otherexplanatory notes.
Management's Responsibility for the Financial StatementsPKSF's management is responsible for the preparation and fair presentation of these financialstatements in accordance with Bangladesh Financial Reporting Standards, and for such internal controlas management determines is necessary to enable the preparation of financial statements that are freefrom material misstatement, whether due to fraud or error.
Auditors' ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. Weconducted our audit in accordance with Bangladesh Standards on Auditing. Those standards requirethat we comply with ethical requirements and plan and perform the audit to obtain reasonable assuranceabout whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures inthe financial statements. The procedures selected depend on the auditors' judgment. including theassessment of the risks of material misstatement of the financial statements, whether due to fraud orerror. In making those risk assessments, the auditors consider internal control relevant to the entity'spreparation and fair presentation of the financial statements in order to design audit procedures that areappropriate in the circumstances, but not for the purpose of expressing an opinion on the effectivenessof the entity's internal control. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of accounting estimates made by management, as well asevaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour audit opinion.
OpinionIn our opinion, the financial statements present fairly, in all material respects. the Financial position of"Community Climate Change Project (CCCP)" as at 30 June 2016 and its financial performance and itscash flows for the year then ended in accordance with Bangladesh Financial Reporting Standards andother applicable laws and regulations.
We also report that:
a) We have obtained all the information and explanations which to the best of our knowledg-e andbelief were necessary for the purpose of our audit and made due verification thereof;
b) In our opinion, proper books of accounts as required by lawxs have been kept by PKSF so faras it appeared of those books: and
c) The statement of financial position and statement of comprehensive income dealt with bythe report are in agreement \Nith the books of accounts.
Dated, Dhaka: MA S Parners30 November 2016 Charter Accountants
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Community Climate Change Project (CCCP)Implemented by
Palli Karma-Sahayak Foundation (PKSF)Statement of Financial Position
As at 30 June 2016
As at 30 June2016 2015Taka Taka
ASSETS
Non Current Assets
Property, plant and equipment 3 3,229,993 3.102.539
3,229,993 3,102,539Current AssetsAdvances, deposits and prepayments 4 32.579,668 105,770,314Cash and cash equivalents 5 155,978,590 124,438,080
188,558,258 230,208,394Total Assets 191,788,251 233,310,933
CAPITAL FUND AND LIABILITIES
Capital fund
Retained surplus 6 20,498,329 11,272,811
20,498,329 11,272,811
Non Current LiabilitiesDeferred income (Grant for Assets) 7 3,229.993 3,102,539
3,229.993 3,102,539
Current LiabilitiesGrant received in advance account 8 92,314.496 93.285,048Current account with PKSF 9 5,820.853 3,099.125Other Liabilities 10 69,924,579 122,551,410
168,059,929 218,935,583Total capital fund and liabilities 191,788,251 233,310,933
The annexed notes from I to 18 form an integral part of these financial statements
Goam CTo hid Md. Abdul KarimDeputy Managing Director Managing Director
Signed in terms of our separate report annexed.
Dated, Dhaka: M B & Paftners30 November 2016 Charter Accountants
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MABS J PartnersC hartera An iuntants
Community Climate Change Project (CCCP)Implemented by
Palli Karma-Sahayak Foundation (PKSF)Statement of Comprehensive Income
For the year ended 30 June 2016
For the year ended 30 June2016 2015Taka Taka
INCOME
Operating income
Grant income 11 360,843,098 376.527,21 1
360,843,098 376,527,211
Non operating income
Interest on bank balance 6,551,133 5.330,698
6,551,133 5,330,698
Total income 367,394,231 381,857,909
EXPENDITURE
Manpower compensation (Salaries and allowances &others) 12 17.492,824 15.239,956Monitoring and evaluation 13 2.591,517 4,177,821Institutional development and capacity building 14 324.230.720 350,534.890
Depreciation 3 636,946 662, 55Administrative expenses 15 12,409,232 5.912,389
Core program overhead expense 16 807,473 992,341
Total expenditure 358,168,713 377,519,552Excess of income over expenditure 9,225,518 4,338,357
The annexed notes from I to 18 form an integral part of these financial statements
Golam ouhid Md. Abdul KarimDeputy Managing Director Managing Director
Signed in terms of our separate report annexed.
Dated, Dhaka: MA S Partners30 November 2016 Chartere Accountants
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Community Climate Change Project (CCCP)Implemented by
Palli Karma-Sahayak Foundation (PKSF)Statement of Cash Flows
For the year ended 30 June 2016
For the year ended 30 June2016 2015Taka Taka
A Cash flows from operating activitiesExcess of income over expenditure 9,225,518 4.338,357Adjustment for items not involving the movement of cashDepreciation 636,946 662,155
Surplus before changes in operating activities 9,862,464 5,000,512
Increase/decrease in operating activities(Increase)/decrease in advances, deposits and prepayments 73,190,646 (52,770,3 14)Increase/(decrease) in current account with PKSF 2,721,728 (475,228)Increase/(decrease) in other liabilities (52,626,83 1) 87,601,241Increase/(decrease) in grant received account (1,734,952) (40,161,101)
21,550,592 (5,805,403)
Net cash inflows/(outflows) from operating activities 31,413,056 (804,891)
B Cash flows from investing activitiesAcquisition of fixed assets (636,946) (996,045)Net cash outflows from investing activities (636,946) (996,045)
C Cash flows from financing activitiesGrant for assets - addition during the year 764,400 333,890Net cash inflows from financing activities 764,400 333,890
D Net increase/(decrease) in cash and cash equivalents (A+B+C) 31,540,510 (1,467,046)Opening cash and cash equivalents 124,438,080 125.905,126Closing cash and cash equivalents 155,978,590 124,438,080
The annexed notes from I to 18 fonn an integral part of these financial statements
Golam Touhid Md. Abdul KarimDeputy Managing Director Managing Director
Signed in terms of our separate report annexed.
Dated, Dhaka: MAI & J Partners30 November 2016 Charter d Accountants
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Community Climate Change Project (CCCP)Implemented by
Palli Karma-Sahayak Foundation (PKSF)Notes to the Financial StatementsFor the year ended 30 June 2016
I Background
1.1 PKSFPalli Karma-Sahayak Foundation (PKSF), an apex development organisation, was established by the Governmentof Bangladesh (GoB) in May 1990, for sustainable poverty reduction through employment generation. Legally,PKSF is a "company not for profit" and is registered under the Companies Act of 1913/1994 with the registrar ofJoint Stock Companies. The legal structure of PKSF allows flexibility and authority to undertake programmes in adynamic environment, implementing them throughout the country and manage its affairs as an independentorganisation.
The major objectives of PKSF are to:(a) Provide financial assistance and institutional development support to appropriate organisations forimplementing sustainable inclusive financial programmes for reduction of poverty through creating productiveemployment opportunities for the moderate and ultra poor, small and marginal farmers and micro-entrepreneurs.(b) Support, promote. develop and identify sustainable employment opportunities for the moderate and ultra poor,small and marginal farmers and micro-entrepreneurs; and to provide them assistance including education, health,training and risk reduction services as may be necessary for enhancing their capacity.(c) Build and strengthen the institutional capacity of the Partner Organisations and enhance their ability to providevarious financial and non-financial services to the poor on a sustainable manner.(d) Support, promote and sponsor innovative programmes and suitable projects for improving the quality of life ofthe poor and enabling them to lead a dignified life.(e) Help the poor to diversify and strengthen their livelihood strategies, enhance their security, give themaccess to assets and rights, and augment their self-respect by providing those greater choices andindependence.
PKSF works with the continuous support of semi-government & government organizations; voluntary agencies &societies; local government bodies, institutions, groups & individuals and will keep on moving forwNard to achieveits goal. PKSF, over the years, has gained in-depth understanding and valuable experience on the multi-dimensionalaspects of poverty. PKSF has adopted disaster management and micro insurance programme under the fold of itssocial protection programmes. PKSF has also started implementing a project aiming to enhance the capacities ofthe poor to increase their resilience to the adverse impacts of climate change.
The Registered Office of PKSF is situated at -PKSF Bhaban", Plot: E-4/B, Agargaon Administrative Area, Sher-e-Bangla Nagar, Dhaka-1207, Bangladesh.
1.2 BCCRF
Bangladesh Climate Change Resilience Fund (BCCRF) is a coordinated financing mechanism by the Governmentof Bangladesh, development partners and the World Bank to address the impacts of climate change. The fund wasestablished in Ma' 2010 with financial support from Denmark, European Union, Sweden, United Kingdom.Switzerland, Australia and United States subsequently joined the fund. Ninety percent of the available fund will beallocated to public sector projects, wNhile 10 percent will be channeled through NGOs for community level climateactions through a separate project titled 'Community Climate Change Project (CCCP)'. The Governing Counci! ofBCCRF designated Palli Karma-Sahayak Foundation (PKSF) for iiplementing the community -level climatechange adaptation activities through CCCP. On behalf of the contributing Development Partners and inconsultation with the Government of Bangladesh (GoB), the World Bank (WB) ensures the fiduciary nanagrementof the project.
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1.3 Project
CCCP: The Community Climate Change Project introduces a new and innovative approach to finance community-
based adaptation interventions in selected climate vulnerable areas by increasing the institutional capacity of PKSF
to administer a fund. The proposed project consists of three components:
i. Community Climate Change Adaptation Fund;
ii. Knowledge Management, Monitoring & Evaluation and Capacity Building; and
iii. Project Management.
A Grant Agreement was signed between Government of Bangladesh (GoB) and International Development
Association in 6 August 2012, and Project Agreement has also been signed between International Development
Association and PKSF in 6 August 2012 for implementation of CCCP. PKSF has taken the responsibility to
implement the CCCP by signing subsidiary grant agreement with GoB in 24 September 2012. The project will
focus on three climate risk zones in Bangladesh: salinity, drought and flood. The project carries on the activities in
15 Districts and 36 Upazillas of Bangladesh.
1.4 Project objective
The development objective of CCCP is to enhance the capacity of selected communities to increase their resilience
to the adverse impacts of climate change. This objective is expected to be achieved through the establishment of an
effective grant financing mechanism within PKSF to channel funds to eligible non-government organization.
1.5 Project duration
The project duration is from August 2012 to December 2016 and the project incurred some expenses before signing
of the grant agreement which was reimbursed under retroactive financing, but such expenditure incurred not prior
to I August2011.
2 Significant accounting policies
2.1 Basis of accounting
Community Climate Change Project's financial statements have been prepared under the historical cost convention
on a going concern basis using the International Financial Reporting Standards (IFRS) and International
Accounting Standards (IAS) as adopted in Bangladesh. Palli Karma-Sahavak Foundation (PKSF) generally follows
the accrual basis of accounting or a modified form thereof for key income and expenditure items. The financial
statements are expressed in Bangladesh Taka (BDT).
The significant accounting policies followed in the preparation and presentation of these financial statements are
summarised below:
2.2 GOB grants
Income from GOB grants is recognised on the Income approach as recommended in lAS 20. Income is recognised
when conditions on which they depend have been met and income is recognized to equate to expenditure incurred
on the project (IAS 20, Para 12). For donor grants provided to purchase fixed assets, income is recognised over the
estimated useful life of the fixed assets (lAS 20. Para 24).
All grants received from GOB are initially recorded at fair value as liabilities in "Grants received in advance".
Grants utilized to reimburse programme related expenditure as per IAS 20, are recognised as income. Thus if the
whole grant is not spent in the year a balance is shown in "Grants receivable in advance". If however more is spent
is shown in "Grants receivable".
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2.3 Revenue recognition
Interest on bank accounts
Revenue is recognized as the interest accrues unless collectability is in doubt.
2.4 Period
These financial statements covered the year from 01 July 2015 to 30 June 2016.
2.5 Provision for liabilities
Provisions for liabilities are recognised when there is a present obligation as a result of a past event and it isprobable that an outflow of resources embodying economic benefits will be required to settle the obligation, and areliable estimate of the amount can be made. Provisions are reviewed at each balance sheet date and adjusted toreflect the current best estimate.
2.6 Cash and cash equivalent
This represents cash, which consists of cash at bank.
2.7 Property, plant and equipment
i. Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is provided on areducing balance method. Depreciation rates applicable to different categories are given below:
Particulars Rate of Depreciation
Furniture and fixtures 10%
Training equipment 20%
Telephone and PABX 20%
Computers, Printers and ups 20%Vehicle 20%
Office Equipment 20%
ii. Depreciation is charged from the date of purchase of fixed assets.
2.8 General
a) Financial statements have been presented in Bangladesh Taka currency and figures have been rounded off to thenearest integer.
b) Last year's figures have been rearranged to conform the current years presentation where necessary.
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MABS & J PartnersC hartertJ,\d Accuntants
As at 30 June2016 2015Taka Taka
4. Advances, deposits and prepayments
This consists of the following:ADAMS ( Ass. for Dev. Act. Of Manifold Social-Work) 614,803 2,500.000ASHRAI 1.000.000 2.500,000Ashroy Foundation - 3,200.000Association for Realisation of Basic Needs-ARBAN 1,000,000 2,000,000DAK DIYE JAI 900.000 2,200,000Dhaka Absania Mission (DAM) 400,000 2,400,000Eco-Social Development Organization (ESDO) 1.200,000 2,400,000Family Planning Association of Bangladesh (FPAB) 1,500,000 2.100.000Gana Unnayan Kendra (GUK-Gaibanda) 800,000 2.300,000Gram Unnayan Karma (GUK-Bogra) 724,313 3.300,000Jagrata Juba Shangha (JJS) 200,000 2,200,000Jhanjira Samaj Kallyan Sangstha (JSKS) 2.300.000 2.800,000Jagorani Chakra Foundation (JCF) 8I2,100 3.000,000MOUSUM I - 2.400.000National Development Program (NDP) 900,000 1,900.000Nazrul Smriti Sangsad (NSS) - 70,314Nowabenki Gonomiukhi Foundation (NGF) - 3.900,000NGO Forum for Public Health 800,000 2.800.000OSACA (Organization for Social Advancement and CulturalActivities) 791.052 2.800,000PROTTYASHI 807. 196 2.300.000Peoples Oriented Program Implementation (POPI) 1 000.000 3.000,000Program for Community Development (PCD) 647,780 2,000.000RDRS Bangladesh 1.651,105 4.700.000Resources Integration Centre (RIC) 1.224.811 2.600,000Rural Reconstruction Foundation (RRF) 928,305 3.000,000Rural Development Sangstha (RDS) 350,000 2.600,000SANGRAM (Sangathita Gram UnnaNan Karmasuchee) 1,009,134 2.300.000Satkhira Unnvan Sangstha (SUS) 573.162 4.400,000SKS Foundation 800,000 1,800,000Shaplaful 800,000 2,000,000Society for Social Service (SSS) 400,000 2,400,000Self-help & Rehabilitation Program (SI IARP) 500.000 2.000,000SAMADHAN 538.280 2.400,000Sajida Foundation (SF) 500,000 2.500,000Thengamara Mohila Sabuj Sangha (TMSS) 878.626 2.800.000UDDIPAN 430409 2,500,000UNNAYAN 658,414 2.200.000Unnayan Prochesta - 2.500.000Uttara Development Program Society (UDPS) 1.600.000 2.600,000Village Education Resource Centre (VERC) 1.400.000 2,400.000WAVE Foundation 1,940,178 4.000,000
32,579,668 105,770,314
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As at 30 June2016 2015Taka Taka
5 Cash and cash equivalentsThis consists of the following:Cash at bank 155.978.590 124.438.080(Sonali Bank Ltd., Foreign Ex. Corp. Branch, Dhaka on A/C #160836000685-CONTASA) 155,978,590 124,438,080
6 Retained surplusThis consists of the following:
Opening balance 11,272.811 6.934,454Add: Excess of income over expenditure for the year 9,225,518 4,338,357Closing Balance 20,498,329 11,272,811
7 Deferred income(Grant for Assets)This consists of the following:
Opening balance 3,102.539 2.768,649Add: Addition during the year (Note-3) 764400 996,045
I866.939 3.764,694Less: Amortization during the year (Note-I 1) 636.946 662,155Closing Balance 3,229,993 3,102,539
8 Grant received in advance /(Grants receivable) accountThis consists of the following:
Opening balance 93.285,048 133.446,149Grant received (Note-I 7) 360,000,000 336.700,000Transfer to Statement of Comprehensive Income forexpenditure during the year (Note-I 1)Transfer to deferred income:Investment in fixed assets (Note-3) (764,400) (996,045)Previous year adjustment (2.674.385) -Closing Balance 92,314,496 93,285,048
9 Current account with PKSFThis consists of the following:Opening balance 3.099,125 3,574,354Add: Addition during the year 29,167.654 23,362,465
32,266,779 26,936,819Less: Adjusted during the year 26,445,926 23,837,694Closing Balance 5,820,853 3,099,125
10 Other LiabilitiesThis consists of the following:
Liabilities for revenue expenditure 10.01 1,508,262 1,667,369Security deposits from contractors & others 10.02 88.022 63,281Liability for institutional development: 10.03 68.328.295 120,820,760
69,924,579 122,551,410
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As at 30 June2016 2015Taka Taka
10.01 Liabilities for revenue expenditureThis consists of the following:IT deducted at sources 1,083 37,343VAT deducted at sources 8,729 54,782Zaki Enterprise 86.400 69,372Provision for external audit fee 200,000 100o00Provision for fuel & lubricant 98,464 3,556Provision for internet & phone 3,566 1,112Provision for knowledge centre material - 49.265Provision for other expenses 8,714 4.633Provision for printing & stationery 1,755 43,487Provision for third party monitoring - 1.257.601Provision for training, workshop & seminar 244.983 29,430Provision for GIS software 308.000Provision for communication materials production 474,096Provision for postage 59,047Provision for travels & tour 13425 16,788
1,508,262 1,667,369
10.02 Security deposits from contractors & othersThis consists of the following:Flora Limited 65307 49.802Thakral Information System Pvt. Ltd. 22.715OTOBI Limited - 13,47
88,022 63,281
10.03 Liability for Institutional DevelopmentThis consists of the following:ADAMS ( Ass. for Dev. Act. Of Mainfold Social-Work) 2.119.824 2.497,664ASHRAI 2,124,331 2.681,446Ashroy Foundation 2,961.118 2.652,775Association for Realisation of Basic Needs-ARBAN 2.855,828 1,295,940DAK DIYE JAl 3,202,364 4.783,471Dhaka Absania Mission (DAM) 1,215,240 3.170,142Eco-Social Development Organization (ESDO) 1.072,214 3,247,448Family Planning Association of Bangladesh (FPAB) 1,016.056 456,473Gana Unnayan Kendra (GUK-Gaibanda) 2.240.249 2.786,373Gram Unnayan Karma (GUK-Bogra) - 4.266.611Jagrata Juba Shangha (JJS) 4,831,147 1.789.316Jhanjira Samaj Kallyan Sangstha (JSKS) 4.644.578 3.219,704Jagorani Chakra Foundation (JCF) - 1.859.636MOUSUMI 3.495.280 2.324.449National Development Program (NDP) 1.815,274 2564,904Nazrul Smriti Sangsad (NSS) 1.698.379Nowabenki Gonomukhi Foundation (NGF) 2.086.407 2.533.660
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MABS &J PartnersChartered AccountantS
As at 30 June2016 2015Taka Taka
NGO Forum for Public Health 782.209 317,760OSACA (Organization for Social Advancement and Cultural Ac - 4.344.866PROTTYASHI 650,254 5.225,967Peoples Oriented Program Implementation (POPI) 899.007 2.341,823Program for Community Development (PCD) - 2.492,847RDRS Bangladesh - 12.784,502Resources Integration Centre (RIC) - 4.645,196Rurul Reconstruction Foundation (RRF) - 2.347,295Rural Development Sangstha (RDS) 341.204 1.773.697SANGRAM (Sangathita Gram Unnayan Karmasuchee) 1,655.563 1.865,526Satkhira Unnyan Sangstha (SUS) 4.970,291 2.955,027SKS Foundation 3.072,931 1,341,726SHAPLAFUL 2,540.463 1,797,500Society for Social Service (SSS) 500,059 2.608.532Self-help & Rehabilitation Program (SHARP) 254.360 1.557.485SAMADHAN - 2,478,797Sajida Foundation (SF) 1.457,254 4.038,522Thengamara Mohila Sabuj Sangha (TMSS) - 4.090.578UDDIPAN - 5.000.377UNNAYAN - 2.420,982Unnayan Prochesta 5,218,291 2-588,472Uttara Development Program Society (UDPS) 2,671,966 2.951.012Village Education Resource Centre (VERC) 3,376.384 2.3Q3,482WAVE Foundation 2,559.770 4.328,777
68,328,295 120,820,760
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For the year ended 30 June2016 2015Taka Taka
11 Grant incomeThis consists of the following:Grant income against expenditure 357.531,767 375.865,056Amortization of deferred income 636.946 662,155Previous year adjustment 2.674.385 -
360,843,098 376,527,211
12 Manpower compensation (Salaries and allowances & others)This consists of the following:Project co-ordinator 3,336,000 3.336,000Deputy project co-ordinator 2,489,650 1,489,233Senior accounts & finance officer 1,142,400 1.090,000Program officer (Drought) 1,142,400 1,090,000Program officer (Flood) 1,142.400 1.090,000Program officer (Salinity) 1.142,400 1.090.000Program officer (Environment & Natural Resource Managemen 1,068.000 514,544Program officer (Training & Community/Social Development) - 944,716Program officer (Communication and Knowledge Management) 817,333 751,935Program officer (Engineer) 1.088.000 691,613Accounts & finance officer (1) 571,200 545.000Accounts & finance officer (1l) 524.000 374.194Secretary 995,846 702.822Office assistant 797,356 5 82.165Support staff 1,235.839 947.734
17,492,824 15,239,956
13 Monitoring and evaluationThis consists of the following:
Travel and outcome monitoring 981,904 924.570Third party monitoring - 1.572,001Monitoring & evaluation officer 1.088,000 1.000,000MIS officer 521,613 681.250
2,591,517 4,177,821
14 Institutional development and capacity buildingThis consists of the following:
Workshops 408.910 182.002Training, workshop and seminar 810.000 186,243Travel to international conference 241,004 620.548Sub-grants (PIPs) (Note-14.01) 322,770.806 349,546.097
324,230,720 350,534,890
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For the year ended 30 June2016 2015Taka Taka
14.01 Sub-grants (PIPs)This consists of the following:Salary and allowances- management cost 10,241.309 8.954,869Administrative cost- management cost 8,621,222 8.323.177Others - management cost 998.627 5.449.742Salary and allowances- implementing cost 56,843,584 42,832.940Training, workshop and seminar- implementing cost 1.192,332 2.311,824Activity cost- implementing cost 217,636,757 280,429.225Contingency cost 3.125,059 1.244,320Salary and allowances- management cost (AF) 266.469 -Administrative cost- management cost (AF) 244,468 -Others - management cost (AF) 56,435 -Salary and allowances- implementing cost (AF) 1,251.800 -Training, workshop and seminar- implementing cost (AF) 9.900 -Activity cost- implementing cost (AF) 22,268,229 -Contingency cost (AF) 14,615 -
322,770,806 349,546,097
15 Administrative expensesThis consists of the following:
Recruitment expenses 73.692 25,723Vehicle(Rent) 1 .036,016 834.308Fuel & lubricant 1,229,489 36,707Utility bill 258.540 258.540Postage 273.819 -Printing & stationery 3.735.902 525,192Internet & phone 306.622 301,192Meeting cost 85.440 97,487Maintenance (Office Equipment) 55,805 69.730Office rent 1.052,160 1.052,160External audit expenses 200,000 100,000Communication & knowledge management 600,358 120,473Intra-project travel & learning 1,837,280 1 .969,917GIS software (AF) 385.000 -Miscellaneous expenses 1,279.109 520,960
12,409,232 5,912,389
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For the year ended 30 June2016 2015Taka Taka
16 Core program overhead expenseThis consists of the following:
Salaries and allowances 259.889 280,726Festival bonus 31,454 23,370Printing & stationery 70,956 192,371Electricity bill 124,049 150,174Telephone bill 62.092 73,197Gas bill 8.779 6.362Lunch bill 112, 194 100.371Insurance premium 137.001 959Office upkeepment 1.059 164.811
807,473 992,341
17 Schedule of grants receivedThis consists of the following:
Date Donor FiduciaryManager
11-09-2014 BCCRF(Multi Donor Trust Fund) World Bank - 71.700,00017-12-2014 BCCRF(Multi Donor Trust Fund) World Bank - 105.000,00013-05-2015 3CCRF(Multi Donor Trust Fund) World Bank - 100.000,00017-06-2015 BCCRF(Multi Donor Trust Fund) World Bank - 60.000,00002-08-2015 11CCRF(Multi Donor Trust Fund) World Bank 200.000,000 -
25-02-2016 3CRF(Multi Donor Trust Fund) World Bank 75.000,000
09-06-2016 BCCRF(Multi Donor Trust Fund) World Bank 85,000.000 -360,000,000 336,700,000
18 Subsequent eventNo circumstances have arisen since the statement of financial position date which would require
adjustments to, or disclosure in the financial statements or notes thereto.
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