( T- Head Office: B. SRINIVASA RAkO & CO-9 Flat No. 316, B-Block, 3rd Floor, Ameer Estate, S.R. Nagar, Hyderabad, TeLangana - 500 038. CHARTERED ACCOUNTANTS Ph : 040-65537406, 23757406, Fax : 66737406 E-mail : bsrandco@gmaiL.com INDEPENDENT AUDITORS' REPORT To The Members of, Society for Eradication of Rural Poverty, Telangana Hyderabad. Report on the Financial Statements We have audited the accompanying financial statements of the Telangana Rural Inclusive growth Project (herein after referred to as TRIGP) financed under World Bank Credit No. IDA Cr.5573- CN, which comprises of the Balance Sheet as at 31st March 2018, Income and Expenditure account and Receipts and Payments Account for the year then ended, and a summary of significant accounting policies and other explanatory information (herein after referred to as "Financial Statements"). Our responsibility is to express an opinion on these financial statements based on our audit. Management's Responsibility for the Financial Statements The management is responsible for the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the TRIGP in accordance with the accounting principles generally accepted in India. This responsibility also includes the maintenance of adequate accounting records for safeguarding of the assets of the organization and for preventing and detecting the frauds and other irregularities; selection and application of appropriate accounting policies, making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of internal financial control, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statemen give a true and fair view and are free from material misstatement, whether due to fr 4 i1 Branch Office : 01 Branch Office : 02 Branch Office: 03\ /Branch Office : 04 No. 19 & 19/1, 5th Floor, Flat No. B6, D.No. 14, D.No. 3-28-41, 1st Flo DE Flat No. 404, Satyam Plaza, BRV Layout, Kumara Park West, Kosala Apartments, Srinivasa Road, Beside Kamma Ladies Hostel, 4th Floor, 3rd Lane, Dwaraknagar, Behind Nandini Hotel, T. Nagar, Chennai, Tami[nadu-600 017. Kundula Road, Krishna Nagar, 7th Lane, Visakhapatnam, A.P. - 530 016. Bengature, Karnataka - 560 020. Cell : 9652342538 Pattabipuram, Guntur-522006 A.P. Cell :9441754487 Cell: 09481565397,P: 080-23565997 Ph : 044-28154018 Cell: 9700780666 Ph : 0863-2234202 Ph : 0891-2704487 E-mail: bscro.btr@gmail.com E-mail : bsrandco.chennai@gmaiLcom Email : guntur.bsr@gmail.com Email: bsrandco.vizag@gmail.com B. SRINIVASA RAO & CO., CHARTERED ACCOUNTANTS Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India (ICAI). Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's Judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the preparation of the financial statements that give true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements. Opinion Paragraph In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give a true and fair view conformity with the accounting principles generally accepted in India; a) In the case of the Balance Sheet, of the state of affairs of TRIGP as at March 31, 2018; b) In the case of the Income & Expenditure Account, of the incomes and expenditures of the TRIGP for the year ended on that date and c) In the case of the Receipts & Payment Account, of the receipts and payments of the TRIGP for the year ended on that date. Head Office: Hyderabad Branches: Bengaluru, Chennai, Guntur & Visakhapatnam B. SRINIVASA RAO & CO., CHARTERED ACCOUNTANTS We report that: (a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit of the aforesaid financial statements. (b) In our opinion proper books of account as required by the Law have been kept by TRIGP, so far as appears from our examination of those books. (c) The Balance Sheet, Income & Expenditure account and the Receipts & Payments Account dealt with by this Report are in agreement with the books of accounts. (d) With respect to IUFRs submitted during the year it is hereby by certified that adequate procedures and internal controls are put in place while preparing the same and adequate supporting documentation has been maintained to support claims to the World Bank for reimbursements of expenditure incurred. For B. SRINIVASA RAO & Co., CHARTERED ACCOUNTANTS FRN.008763S G. Srinivasa'Rao PARTNER M.NO.229177 Place: Hyderabad Date: 23-04-2019. Head Office: Hyderabad Branches: Bengaluru, Chennai, Guntur & Visakhapatnam � о о оо � о с� �о Ix м о о о о м r и � о� и�о о м N О� N Й\О N °1 М \U О м N \° И м 01 �О N �О � N о� О N С) И N �--� О N U .С � � о � V1 > � M1 • � рД с� сб � � � � W F; _� � ^р ��Ч �j соб � ` у,""� iЧ у,� iч , ' � . N �+�-' ¢ й � о � a�i - ' U й €� ` . � � � � о � � � � � � � `� � � � � � � � �а � ° ��� ° 3 о_о� � �� F ° �в �,, д, о а� � .� ,� �' и °' о °' � я., � о F3"' �,�-� о � огГ� ^о � о � � ьл ьл '�°' s, и п3 � � а� �, г, "о рд о �'-+ � . N � • й • г/� �� i�б о.� О О О � у s. ГSч �`�1"ч Q С�. U U ас, ,�, >,лл>,лл>, � ,.я л WmдaWr�aa� � � о д°, � �°м°�и�ооо �о w�''C7w° �"�oN�°о°о м о а� .,_, оо и и м�О о с� i сд �"н �� С �О И .-мч м � � � � с�б . � U U l� � � М о � bA С С Q '-' N � N •� � и ь. Е-' � � r.+ о � W ° °� � GYi �, Г1� Е `" ч° пг � Г� й �, � p.i � � N м � �? bA "С о •р Сб С°б � � � � G � аи .� � а � > о С7 � � � � � � � ,�- � � � л % �., '� ру R" с� � � � � � .� ВЬ . ; � � й � Н � ��,�� у • � � � � о о � ,.�G�O G!� U г � � w � � �- ��JJ� г � ,k � И N � сб ��sly *� N � о� a��i �� � о��� � � о � а, ьод сод � °�' � �° ? ¢ й � � с�д су у � ° �'б 0�0 с�б й � О R. S3� поi � � ь-� и у � F"ч N.S х N oowoc� �.� .� � � �у о о о о о о о�� `Л �°' ,� � Е-� Н Н Н Н Е-� w U w с7 а� а L1 й �i � � n � �ь+ т N N � о М м � о о ,-� � �-+ � � � � � о о � � � ° о � о � � � � ьд � � о сб ` � а� _ к � w н о и � С7 ;.� W с� U и � � . ол � о�о � � п о �`! � �, � � ' � й с о ,} Е� еа � � ~" �« а е[б Г� ,� и a�i v С '� й ц, `п � � � �N о g! .� О М U� Ф ч-L- 'ц,� [-i 3^О ��., ,� R�.� ш а� п3 � ч- U � �, '�' 'TJ N'� о с соб bA � у +'�-' сб г-�ч i � о йr .� F. �г.' ,� > � � � � л `. а� �s,° � �, Р� Аа 0.� о Е; � � � � `�" 3 � � 'о ° i Г-а й � ��. ГУi м°Oооо � С.? а д �ot�onи � о и о о �N,,°`�о о >:. о � о и М� � ее й � о � . � ,-oi у д' оо <у ° �� � � � W � � �-а�' w�¢ � �w •� о О _� � � � �б Е� у О С� С н� � i�, О у ^.у i]ч '^�"'. "'" о �"'�''�, '� Я ,'' о и � '" -?� "``. д у°' аэ .: о ��о., � Oi,� � �" � .� � .о Е, 4r ,�°. ~- С �, �д W °' ° � � .� �� у � ,'�� � � f '3 о о ° � � с�� ' �гз t � с, �, С7 а� о � а, �i '� � V �]' � S,',�� � � N � � 2s о � й �/�.�/!. • .; � ' 11$ . � о � о � и � � � � " � Z � cv � � с� �t д���Г�д� й �� � � � �о � а� ,д � U t�г, и'� � � w. Е° Е� Н Е-° Е° С7 а� а д __ ° N с� о М и � о � �, � оо � � � � 00 о а, � � � в � � . ,.а � ` U с�б ' � � _ � � Н 4-i � N �', ,.� � __U � и N ,� U ."ri '~�'' '� � ..� � g� сб Сб и � i •�+ � Ра � U � Е"'� � � � ^'�' О 4? 'S� Е"� � � � � i � О и � v N � о � �+ •� U � U � а�� а N О О М о N �"� ,..,,, ,� �,,, �"'' `O о о � с°'i � � о м о � о° о й - �� о и 00 ^" сб ��% о Q � м ,-� �р � а� о а� � �. Е� о � � � � с, г�-, о и +� � r�i .. � а� �. W ++ ^, а� .. с� и � д v� � н и ,� � v Оо1 О N i. о �1 �Cj W о .� �F И �1-N- о р! �к и о, � �,..,, � 0. о й � � �-" О •� � �--� .-� U i� О С� г/� у Н � '�i �ч ;-С� � � � � � � � � W � о * a b�` bA � � '�С' � ^�" ' � �N и С.� � �д`'���'7 ,; l� � �б � � � � q� ��L�� J�i 1 [\ `'�0' �'' 'б V � ° ° 6 J г,- �' N �1 `.� � '-� � `б � а� S b� ; тЭ`' � � N � ' а� � � � �t о � _/о о � а, � ш '� � � � � м � Z � о U � +.� �-'' ё� . � � � и � � � bA гб �б о � �'' � о _� и �� .S"ч � сб � � � � �ч � х М a�i � � Li 'б � Г� �'i S� N,� N ^ч � ч :�-ч N �, zs � �° Р� � G�, U Гу �� � � 3 О� ,� ,¢ ,� С7 а� а д Annexure-1 SPMU Bank Balances S.No. - Account Opening Balances Closing Balances 1 Cost Centre 94,761 257,661 2 Nodal Account 75,943,337 92,251,591 3 Reserve Account 190,688 3,195,849 Total (a) ____ 6,228,7861 95,705,101 DPMU Bank Balances S.No. - Farticulars Opening Balances Closing Balances 1 Adila )ad 46,869 2 Bhadradri - 290,000 3 Jagitial - 652 4 Jangoan - 1,163 5 Bhoopalpally - 2,166 6 Jogulamba - 7 Kamareddy - 800 8 Karimnagar 41,743 43,474 9 Khammarn 10 Komaram l3heem 28,160 11 Mahbubabad 12 Mahbubnagar 23149 (725) 13 Mancherial 1:000 2,387 14 Medak 33,171 33,171 15 Nagarkurnool - 16 Nalgonda 17 Nirmal - 931 18 Nizamabad 6,711 6,711 19 Peddapalli - 20 Rajanna Siricilla - 5,437 21 Rangareddy 163 163 22 Sangareddy - 23 Siddipet 24 Suryapet 25 Vikarabad 31,431 26 Wanaparthy 27 Warangal Rural 28 Warangal Urban 29 Yacladri 30 Bhadrachalam 113 20,107 31 Eturunagaram 431 - 32 Utnoor 11276 4,034 Total(b) 155,452 Grand total 76,384,238 96,222,032] A 0 4 C , 0 6 e6 K - 1. ty Lj 4b H 0 Annexure-2 Advances S.No Particulars Opening Advances Closing Advances 1 Khammam 58,000 2 Nalgonda 45,000 3 Sangareddy 525,000 4 SPMU 2,272,667 111,600 5 Kowdipalli 1,095,000 6 Kaveri 1,095,000 7 Narayanpur 1,095,000 Total 5,660,667 636,600 Annexure-3 Bank Interest S.No. Particulars Bank Interest 1 Jagitial 58 2 Jangoan 163 3 Bhoopalpally 79 4 Jogulamba 999 5 Kamareddy 888 6 Karimnagar 1,997 7 Komaram Bheem 427 8 Mancherial 565 9 Nirmal 30 10 Rajanna Siricilla 751 11 Vikarabad 33,963 12 Bhadrachalam 20,742 13 Eturunagaram 61 14 Utnoor 488 15 SPMU 6,074,084 Total 6,135,295 Z'C, q z H > Annexure-4 Other receipts S.No. Particulars Amount 1 Other receipts 4(a) 100 2 Account Opening Balance 4(b) 7,076 3 Capital Owned funds 4(c) 26,000 Grand Total 33,176 Annexure-4(a)-Other receipts S.No. Particulars Amount 1 Utnoor 100 Total 100 Annexure-4(b)-Account Opening Balance S.No. Particulars Amount 1 Komaram Bheem 2,000 2 Mancherial 1,000 3 Siricilla 2,076 4 Vikarabad 1,000 5 Utnoor 1,000 Total 7,076 Annexure-4(c)-Capital Owned Funds S.No. Particulars Amount 1 Komaram bheem 25,000 2 Rajanna Siricilla 1,000 Total 26,000 SHYD~ Annexure-5 Expenditure Project Human Implementation Value Chain DigiaLclDvlpe S.No._ Particulars Support Component Government t 1 Adilabad I Adiabad336,826 983,000 2 Bhadradri3,168,500 350 675,000 4 Jangoan - 654,000 5 Bhoopalpally 6 Jogulamba - 1,283,000 - 7 Kamareddy 89 3,984,366 - 8 Karimnagar 688,459 1,329,000 - 9 Khammam 336,000 376,500 - 10 Komaram Bheem 267 758,000 - 11 Mahbubabad - 279,000 - 12 Mahbubnagar 408,000 2,691,000 - 13 Mancherial 213 4,114,500 - 14 Meclak - 1,494,866 - 15 Nagarkurnool - 1,548,000 - 16 Nalgonda 96,000 3,094,000 - 17 Nirmal 1,051 1,433,000 - 18 Nizamabad 19 Peddapalli 20 Rajanna Siricilla 1,354 258,000 - 21 Rangareddy - 1,515,866 - 22 Sangareddy 672,000 2,794,866 - 23 Siddipet - 9,190,866 - 24 Suryapet 350,000 - 25 Vikarabad 634 1,083,000 - 26 Wanaparthy 27 Warangal Rural - 154,000 - 28 Warangal Urban 1,008,000 . 29 Yadadri 25,000 - 30 Bhadrachalam 762 2,225,000 - 31 Eturunagaram 492 29,000 - 32 Utnoor 948 6,558,000 - 33 SPMU 26,354,061 28,773,300 362,908 9,700 Total 29,905,506 80,532,630 362,908 9,700 CO dp)