Chartered Accountants INDEPENDENT AUD TOR'S REPORT (Date: TO THE PRESIDENT JHARKHAND STA TE LVELHOOD PROMOTION SOCIETY (JSLPS) REPMRT ON THE STANDALONE FINANCIAL STATEMENTS WE HAVE AUD TED ¯HE ACCorMPANYINO STA NDALONE F lNANCIAL STATEENTS OF JHARKHAN4^D STATE LVEL-!OOD PROMOTON SOCETY SOCIETY REGiSTERED UNDER SOCIETY REGISTRATION ACT 211860. HAV!NG !TS REG STERED OFFICE AT 3O' FLOOR FFP BUILDNG km DMUIPWA.RANCH9-834004, CURRENTLY O~PERAT!ON I RUNNINT\G AT S HANTI DEEP DEAPRTMENT RADIUM ROAD RANCHI WHICH COMPR SE THE BALANCE SHEET AS AT 31ST MARCH. 2018 AND INCOME & EXPEND TURE ACCOUNT AND RECEIPTS AND PAYMENT ACCOUNT ON THAT DATE AND A SUMMARY OF THE SiGNiFICANT ACCOUNTING POliCIES AND OTHER EXPLANATORY INFORMATION. MANAGEMENT'S RESPONS!BILITY FOR THE STANDALONE FNANCL STATEMENTS T E SOCiET MAN'~AGEMENT iS RESPONSiBLE FOR THE PREPARATiON OF THESE STANDALONE FINANCIAL STATEMENTS THAT GIVES A TRUE AND FAIR VIEW OF THE FNANCIAL POSITION AND FINANCIAL PERFORMANCE OF GENERALLY ACCEPTED IN INDIA. THIS RESPONSIBIUTY ALSO INCLDES MAINTENANCE OF ADEQUATE ACCOUNTIN G RECORDS IN ACCORDANCE WTH THE PROV!SONS OF THE ACT FOR SAFEGUARD! VOF THE A F THE SOCIETY AND FOR PREVENTING AND DETECTING FRAUDS AND OTHER IRREGULARITIES SELECTiON AND APPLICATION OF APPROPRIATE ~C"C"I UN POL!iCIES MAKNG UDmENTS AND ESTI a TE THAT Pi- REASONABLE AND PRUDENT AND DESIGN. MPLEMENTATION AND MAINTENANCE OF ADEQUATE INTERNAL FINANCIAL CONTROLS. THAT WERE OPERATING EFFECTIVELY FOR ENSURING THE ACCURACY AND COMPLETENESS OF THE ACCOUNTING RECORDS. RELEVANT TO THE PREPARATION AND PRESENTATION OF THE FINANCIAL STATEMENTS THAT GIVE A TRUE AND FAIR VIEW AND ARE FREE FROM MATERIAL MISSTATEMENT. WHETHER DUE TO FRAUD OR ERRO-R AUDITOR'S RESPONSIBILITY FINANCIAL STATEMENTS BASED ON OUR AUDIT. WE HAVE TAKEN INTO ACCOUNT THE PROVISIONS OF THE ACT, THE ACCOUNTING AND AUDITiNG TNDRS NyMvTES.WIKCH ARE i EQ UE T! BE ;ULdE [N ~~j - L AUDIT REPORT UNDER THE PROVISIONS OF THE ACT AND THE RULES MAC.E THERE UNDER. WE CONDUTED OUR AUDIT IN ACCORDANCE WITH T WITH ETHICAL REQUIREMENTS AND PLAN AND PERFORM THE A OBTAIN REASONABLE ASSURANCE ABOUT WHETHER THE Fl CIA 203, 2nd Floor, Shivdayal Commercial Complex, Shivdayal Nagar, Harmu Argora Bye Pass Road, Harmu, Ran r? 002 Tel.: 0651-2241166, Cell : 094311-77093, 80838-77093 JD AC E-mail : rc_chy@rediffmail.com, carajiv10@gmail.com Office at: Patna, Varanasi, Dhanbad L L vw)~A ~EFO~ NGPRQEURS O BI NAUDtT EV«7=DE''-tKU'j iHE AMOUNTS AND THE DISCLOSURES IN THE FINANCIAL STATEMENTS. THE PROCEDURES SELECTED DEPEND ON THE AUDITOR'S JUDGMENT 1 'ý' -i,M~ IT OR rf, -m=.< O< --=-ATER-LÄL "5'- TE Ä i 4T L: ~Of THEn FINANCIAL STATEMENTS, WHETHER DUE TO FRAUL) OR ERROR. tI MAKING, THOSE RISK ASSESSMENTS, THE AUJDITOR CG-NSIDERS INTERNAL Kli CONTROL RELEVANT TO THE SOCIET'S OF TIE FINANCIAL STATEMENTS THAT GIVE A TRUE AND FAIR VIEW VN ORDER TO -DESIGN AUVIT PROCEDILRF-S THAT ARE APPPOPRIATE fIN THE - CMSrTAN GC AN AUD!T ALSO INCLUDESEV ATING THE APPROPRATENESS OF THE ACCOUNTING FOLCiES SED AND THE RESLAJNESO THE ACCOUNTING ES7TIMAl,-TES MADE BY THE SOCIETY NZAZGMENT AE WE'' AS EVALUA TNC- TkE l V -ERPRESENTA OP 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 STANDALONE FINANCIAL STATEMENTS OPINION !N 00uý LPN,NND T - TME ES5T OF OCIR ýL--0- AD ~CO TO THE EXPLANATIONS GIVEN TO US, THE AFORESAID STANDALONE FINANCIAL STATEMENTS GIVE THE INFORMATION REQUIRED BY THE ACT IN _____ -X tu- ý 11 Gýv U CONFORMI Y WITH THE ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN' INDIA-, OF THE BALANCE S5HEETf OF THE COOPERATWE SOCIETY AS AT 3S MARCH7 2 AND TS PROFlI;LOSS FOR THE YEAR ENDED O T DATE. REPORT ON GENERAL, OBSERVAT1ONS, LEGAL AND REIAOR WE DRAW ATTENTION TO THE FOLLOWING MATTERS IN THE NOTES TO THE FiNANCîL STATEMENTS W WE H sE SOUGH A ND OBANED MOST OFr THEv INFORMATION AND' EXPLANATIONS, WHICH TO THE BEST OF OUR KNOWLEDGE AND BELIEF WERE NECESSARY FOR THE PURPOSES OF OUR AUDIT. O& >UR OPNi-N PROPER BOOKS OF ACCOUN' T HAE BEEN KE THE SOCIETY SO FAR AS IT APPEARS FROM OUR EXAMINATION OF THOSE BOOKS ,SUCH AS CASH BOOK, LEDGER (MAINTAINEDY TALLY _OFTWARE) STOCK REGISTER ETC (C) THE SOCVETY HAS PREPARED BOOKS AS PER GOING CONCERN A SSUMPT ON ND ADOPTED CASH SYSTEM OF ACU01-Gk EX0EP7 STATUTORY DUES AND FEW EXCEPTIONS. r' GR ANTS RECEiVED BY THE GOIENMENT O- ND AND STATE GOVERNMENT AND OTHER DEPARTMENTS OF THE GOVERNMENT OF JHARKHAND ARE SHOWN IN THE LUABIlITY AFTER REDUCING THE rXPFNSES OF CURENT FiNANCLAL YEAR REFUND OF R 20qnn-n NVAS MADE TO UNDP CONSEQUENTLY IT IS REDUCED BY THAT AMOUNT TOO. 2 -m 2 NIRD FUNGIBLE FUND ,DUTIES AND TAXES INTER SCHEME ADJUSTMENT OTHER LIABILITIES AND RETENTION MONEY PHYSICAL VERIFICATION OF ASSETS. COMPLETE DETAUL LIST WITH PHYSICAL ALLOCATION OF FIXED ASSETS AND ITS INSURANCE ARE REQURED FOR AL -LIXED ASSETS OF THE OR GAN ITO (G) ADVANCES APPEARS IN CURRENT ASSETS ARE SUBJECT TO OLN: RMATION FROM TRE PARTY (H) CASH IN -lAND IS CERTIFIED BY THE MANAGEMENT FROM EPCeTVc ONT F TRE ORGANIZATON BANd. ALANCSW CONFIRMED WITH RECONCIiATION. EPFES ARE BOOKED ON THE BASIS OF UFR SCE AD UC SUMITED BY THE PARINERS VOS C50S CLFS ETC AN ADJUSTMENT OF EXPENSES OF THAT IS MADE IN THE NEXT FINANCIAL YEAR ON THE BASIS OF THEIR AUDITED STATEMENTS RF AND GiF ARE DIREOTLY BDOKED AS EXPENDITURE (J) WE FOUND THAT IN FEW CASES THE VENDORS IN THEIR BILLS gQU.OTED WRONG VEHIOLE NUMBERS. (K) TDS LIABILITIES AS PER THE TRACES OF ALL TAN ARE TO BE _CHEOKED ARE REQUIRED TO BE RESOLVED TDS LIABILITY ON PAYMENT TO SHG FOR THEIR SERVICES IS IN THE QUESTION. i fuå MNCRA' -E I'S DATAS,MTIEDFO ŽQ DETAIL REGARDING NUMBER OF MEMBER, DATE OF FORMATION, DISBURSEMENT DATE OF RF AND CIF CLEANING AND CORRECTION (M)RECONCILIATION OF EPFO LIABILITIES IS REQUIRED FROM UNITS PAYABLESIN SEVERAL PLACES DAILY WORKERS, DATr ETRY OPERATORS ARE DOING WORK WITHOUT EPF (N) ADVA NE WAS GVEN FOR SUPPLY OL SHG START UP KIT TO THE CHIEF MINISTER SMALL & COTTAGE ENTERPRISES DEVELOPMENT BOARD JHARKHAND IT HAS TO BE RECOVERED BECAUSE DENIAL OF ÆNCY FOR SUPPLY OF THE SAME (0) WE UNDERSTAND THAT ORGANIZATION IS STRICTLY FOLLOWING THE INSTRUCTION GIVEN BY CEO VIDE LETTER NO 2379 DATED 31-03-2018. (P) PRIOR PERIOD ADJUSTMENT __ )4 itsERE . M5NG OF FUNDS WITH EACH OTER E IPENSES OF ONE PROGRAMME HAS BEEN INCURRED WITH OTHER PROGRAMME. INTER PROJECT ADJUSTMENT FOR RS. 9,02,54,865/- HAS BEEN MADE BETW EEN THE PROJECT AND SAME S SHOWN N T BALo j SHEET IN BOTH SIDE. SCHEME R PERlOD ADJUSTMENT IS REQUIRED. (R) THE SOiEY iS PARKNG is FUND iN BANK UNDER NORMAL SAVNG ACCOUNTS INSTEAD OF FIXED DEPOSiT, SAVING PLUS OR SWEEP ACCOUNTS TO FETCH HIGHER INTEREST. SOCIETY IS REQUIRED TO N ST THE UNSPENT CARR Y ORWARDYED FUND S PER SECTION 11(5) OF THE INCOME LAX ACT, 1961 (S) WITH CONSDER NG SIZE OF THE ORGANIZATWN WE RECOMMEND FOR INTERNAL FINANCIAL AND PROCUREMENT AUDIT, SOCIAL AUDIT, IMPACT ASSESSMENT AND AUDIT OF CAPACITY BUILDING OF COMMUNITY jS REOU!RED ONE PROCUREMENT PERSON IS REOUIRED iN EACH DMMU .AS THERE MAY BE CHANCES OF CONFLICT OF INTEREST L VSE OF COMMERCIAL VEHICLE AND ELECTRICTv CONNEC N THE NAME OF ORGANIZATION IS REQUIRED FOR ALL OFFICES SET UP BY IT. ARE ENCLOSED WITH THIS REPORT. OUR OPtON 'S NOT MOODFID ~N RESPECT OF TH$ MATTER IFOR S,JHA & ASSOC!ATES CHARTERED ACCOUNTANTS -FlRM R G.O. 06189C PARTNER(M.N 400280) [PLACE RANCHI L4 Jharkhand State Livelihood Promotion Society (Under the aegis of Rural Development Department, Govt. ofJharkhand) STATE OFFICE:- 3rd FLOOR, Shantideep Tower, In Front Of Maharaja Hotel Radium Road, Ranchi, Jharkhand-834001 JOHAR PROJECT - -- - ---Balance Sheet as on 31st March 2018 L i a b i l it i e s A m o u n t ( R s .) - A s s e t s A m o u n t ( R s . ) Irant in Aid Fixed Assets OB as per last accounts Electronic Equipment & Devices 250,600.00 Add: Fund received from DoRD 400,000,000.00 Miscellaneous Tool & Utilities Items 212,998.00 Less:- Trf from Income & Expenditure A/c 81,135,171.00 318,864,829.00 Current Assets Loan & Advances -:Tent Liabilities Advance to Staff 717,280.00 EPF Subscription of Employees 201,838.00 Advance to Vendors & Suppliers 90,000.00 EPF Subscription of Employer 201,838.00 Security Deposits 166,880.00 Professional Tax 13,593.00 TDS U/s 192B 35,015.00 Cash and Bank Balance TDS U/s 194C 8,441.00 Cash in hand TDS U/s 1941 58,920.00 Bank Account TDS U/s 194i 1,261,609.00 Axis Bank JSLPS EFMS 917010033802280 205,520,644.00 Fund From NRLP 17,500.00 Johar IDBI 0063104000306317 113,705,181.00 Total (Rs.) 320,663,583.00 Total (Rs.) 320,663,583.00 As Per Our report of even date annexed herewith - For S.K.JHA ASSOCIATES CHARTERED ?WH NTS ASSO RANCH * SCo . AJIV N- C IDHARY Partner AC M.No. 400280 FRN : 006189C L NL IL Jharkhand State Livelihood Promotion Society (Under the aegis of Rural Development Department, Govt. of Jharkhand STATE OFFICE:- 3rd FLOOR, Shantideep Tower, In Front Of Maharaja Hotel Radium Road, Ranchi, JHARKHAND-834001 JOHAR PROJECT Income & Expenditure Account for the period from 01/04/2017 to 31/03/2018 Amount Amount Expenditure (Rs.) Income Rs. Indirect Expenses By Indirect Incomes Community Institution Development 6,199,236.00 Interest Earned From Bank 2,991,485.00 Component High Value Agriculture Development 448,488.00 IL Component Livestock Development 7,548,869.00 Component Fisheries Development 92,512.00 Component NTFP Development 2,538,376.00 Component Irrigation Systems Development 6,350,155.00 By Excess of expenditure over income 81,135,171.00 Market Access and Private Sector Participation 25,503,364.00 Component Skills, Jobs and Enterprises 34,466.00 Component Project Management Support 35,411,190.00 Total (Rs.) 84,126,656.00 Total (Rs.) 84,126,656.00 C M As Per Our report of even date annexed herewith For SKI HA ( ASSOCIATES CHARTERED N ANTS q EO CA PAJIVN CH DHARY _ Partner M.No. 400280 FRN :006189C PLACE: RANCHI DATE: 20/09/2018 L Jharkhand State Livelihood Promotion Society (Under the aegis of Rural Development Department, Govt. of Jharkhand STATE OFFICE:- 3rd FLOOR, Shantideep Tower, In Front Of Maharaja Hotel Radium Road, Ranchi,JHARKHAND-834001 JOHAR PROJECT Receipt and Payment Account for the priod trom 01104/2017 to 3103/20L A Amount Amount Amount Amount Receipts Payment (Rs.) (Rs.) Sant n Aid By Fixed Assets 463,598.00 e I Ao i DcRD Gol , 400,000,000.00t 40,000,000.00 Electronic Equipment & Devices 250,600.00 Miscellaneous Tool & Utilities Items 212,998.00 By Expenses ere t Earned From Bank 2,991,485.00 2,991,485.00 Community Institution Development 6,199,236.00 Component High Value Agriculture Development 448,488.00 -P CURRNT LIABILITIES Component Livestock Development 7,548,869.00 e & T S Component Fisheries Development 92,512.00 n '1- 17,500.00 Component NTFP Development 2,538,376.00 rti of ZmloyIh-ees 201,838.00 Component Irrigation Systems Development 6,350,155 00 1r [fl -mployer 201,838.00 Market Access and Private Sector Participation 25,503,364.00 13,593.00 Component Skills, Jobs and Enterprises 34,466.00 35,015.00 Component Project Management Support 35,411,190.00 84,126,656.00 8,441.00 58,920.00 By Closing Balance 1.261.609.00 1,798,754.00 Loan & Advances Advance to Staff 717,280.00 Advance to Vendors & Suppliers 90,000.00 Security Deposits 166880.00 974,160.00 Cash and Bank Balance Cash in hand Cash at Bank Axis Bank JSLPS EFMS 917010033802280 205,520,644.00 319,225,825.00 Johar IDBI 0063104000306317 113,705,181.00 Total(Rs, 4 ,239.00 Total (s.) 4,4790,239.00 As Per Our report of even date annexed herewith for S,IK-HA SSO:A T E U ~Assp0 CIP SH C 1 RAJIIIH SC C D CA RAJiV N HC ,1 M o 400280 FACN coUisGc PLACE RANCHI S'ATE 20/09/2018