TOTAL INCOME IN FINANCIAL
YEAR 2015-16.
The total income for the year has increased by 11% to ` 84.31 crores in
Financial Year
“FY” 2015-16 from ` 76.19 crores in FY 2014-15.
The increase in Affiliate income is because funds were received for two large disasters in this financial year-South India Floods and Nepal Earthquake-as against only one disaster-Jammu and Kashmir floods-in the earlier year. Corporate and Institutional income has declined because a large Grant from DFID for maternal health was successfully implemented and closed in the earlier year.
Donation from Individuals has increased on account of South India Floods and Nepal Earthquake as against only one disaster i.e. Jammu and Kashmir floods in the earlier year. The decrease in income from Trailwalker was the result of decreased number of teams participated in Mumbai and Bengaluru Trailwalker (325 teams in FY 2015-16 and 334 teams in FY 2014-15).
Increase in affiliate funding is primarily on account of additional funding from Oxfam Great Britain for Nepal earthquake response along with the new projects on Assam rebuilding and economic justice. The other increase from Oxfam Hong Kong and Oxfam International is for South India floods and increase in funding for fundraising capacity building, respectively.
Increased programme expenditure is largely on account of humanitarian relief work for two disasters in the current year namely South India Floods and Nepal earthquake against one disaster in the previous year. Decreased fundraising expenditure is due to shifting of fundraising staff from retainership to payroll in the current year. This also resulted in increase in the employee benefit expenses.
In the current year, reserve and surplus is increased mainly on account of excess of income over expenditure by ` 1.72 crores as against previous year. Catastrophe reserve of ` 1.35 crores for immediate response to humanitarian crisis and contingency reserve of ` 1.5 crores continue to be the same as FY 14-15.
Capital assets fund reflect the written down value of the fixed assets. New additions in fixed tangible and intangible assets are capitalised and transferred to capital fund. Likewise deletion of such assets are adjusted from capital fund. Increase in “other current liabilities” under the head current liabilities is primarily on account of funding received in advance from donors for next financial year.
Tangible assets have increased on account of increased capital expenditure as well as depreciation charged during the year. Decline in intangible assets is due to the depreciation charged during the year and whereas there are no major addition in intangible assets in the current year. The increase in long term loans and advances is on account of change in categorisation of security deposits from current to noncurrent, thereby, decreasing the short-term loans and advances under current assets. Other non-current assets represent fixed deposits with maturity of more than a year which has increased slightly.
Cash and bank balance represents mainly bank deposits which have increased because of advance funding received from donors for next financial year.
Decline in other current assets is on account of reduced accrual of income in comparison to previous year.
