Excel Files Flame Final Accounts

FRIENDS OF LITERACY AND MASS EDUCATION
(FLAME) KARACHI.
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30, JUNE 2006.
FRIENDS OF LITERACY AND MASS EDUCATION (FLAME) KARACHI
BALANCE SHEET AS AT JUNE 30, 2 0 0 6 .
2006 2005
NON-CURRENT ASSETS Note Rupees Rupees
Fixed assets (At cost less depreciation) 3 1,911,152 987,633
Deferred cost 4 - 18,250
CURRENT ASSETS
Investments 5 3,159,000 -
Islamabad office - Current A/c. 3,911 -
Advances, deposit and prepayments 6 630,149 110,333
Cash in hand 1,121 -
Cash at bank 8 516,861 2,664,905
4,311,042 2,775,238
Less: CURRENT LIABILITIES
Islamabad office - Current A/c. - 216,089
Creditors,accrued and other liabilities 9 290,633 28,487
290,633 244,576
Net current assets 4,020,409 2,530,662
NET ASSETS 5,931,561 3,536,545
FINANCED BY :
Accumulated surplus - 3,536,545

Scholarship fund 1,000 -
1,000 3,536,545
The annexed notes form an integral part of these accounts.
CHAIRMAN MEMBER
### -
FRIENDS OF LITERACY AND MASS EDUCATION (FLAME) KARACHI ````````````````
INCOME AND EXPENDITURE ACCOUNT ````````````````
FOR THE YEAR ENDED JUNE 30, 2007.
````````````````
````````````````
2007 2 0 065 ````````````````
Rupees Rupees ````````````````
I N C O M E: ````````````````
Donations - Overseas 1,065,151 5,521,132
Donations - Local 3,338,560 1,423,200
Bank profit 65,212 43,229
Income from Play/concer(Net) 1,484,204
Interest income on term deposit receipts-PICIC 89,828 48,126
7,035,687 ````````````````
EXPENSES:
School Establishment And Running Cost
Teaching aid and accessories 154,735 52,392
Honorarium teachers 1,366,065 1,460,835
Promotion and information 464,795 467,450
Honorarium co-ordinators 300,649 305,550
Maintanance of motorcycle 15,132 8,424
Teachers training 72,320 123,011
Insurance expence - Motor cycle 7,767 7,529
Student aid and accessories 103,867 146,999
Water charges for baldia 210,500 17,500
Miscellaneous -
2,589,690
Flame Office Management Cost

Employee salaries - office 622,787
Office rent 280,000
Accounts writtenoff 3,300
Telephone charges 107,410
Transportation of material -
Amortization 18,250
Depreciation 305,174
Fuel Expenses - chairman -
Miscellaneous general expence 11,009
Electricity charges 81,400
Audit fee 12,500
Professional fee - accounting charges -
Courier charges 7,347
Service charges 20,000
Office stationary 61,803
Office supplies 26,849
Office maintenance 134,491
Internet charges 27,937
Conveyance -
Photostate charges 17,768
Maintenance of vehicle 11,502
Motorvehicle insurance 16,882
Maintanance office equipment 16,489
Fuel expenses co-ordinators -
Mobile health expence 238,248
Rent rate or taxes 10,910
Donation to Dukhtaran-e- Awam Trust 30,000
Travelling expense 96,949
Transportation general 60,284
Refreshment -
Gas charges -
Newspaper and periodicals 6,697
Bank charges 4,022
Net exchange loss 124,424
2,354,432
Total expenses 4,944,122
Surplus for the year 2,091,565
Surplus brought forward 3,536,545
Accumulated surplus carried to balance sheet 5,628,110
CHAIRMAN MEMBER
````````````````
OLD
E X P E N S E S: ````````````````
SCHOOL ESTABLISHMENT & RUNNING COST
Teaching aid and accessories - 300,740

Honorarium teachers - 175,435
Employee salaries - office 622,787 137,832 ````````````````
Promotion and information - 82,985
Office rent 280,000 75,000
Accounts writtenoff 3,300 -
Student aid and accessories 146,999 38,993
Telephone charges 107,410 47,129
Honorarium co-ordinators - 35,000
Transportation of material - 19,535
Amortization 18,250 18,250
Depreciation 286,134 26,162
Fuel Expenses - chairman - 24,000
Miscellaneous general expence 11,009 6,151
Miscellaneous - 33,012
Electricity charges 81,400 21,420
Audit fee 15,000 10,000
Professional fee - accounting charges - 10,000
Courier charges 7,347 5,019
Service charges 20,000 15,000
Office stationary 61,803 12,558
Office supplies 26,849 -
Teachers training 123,011 8,715
Office maintenance 134,491 13,480
Internet charges 27,937 6,136
Conveyance - 8,300
Photostate charges 17,768 -
Maintenance of vehicle 11,502 -
Motorvehicle insurance 26,560 -
Maintanance office equipment 16,489 -
Fuel expenses co-ordinators - 4,260
Mobile health expence 238,248 -
Maintanance of motorcycle - -
Rent rate or taxes 10,910 -
Insurance expence - motorcycle 13,737 5,067
Donation to Dukhtaran-e- Awam trust 30,000 -
Travelling expense 96,949 -
Transportation general 60,284 11,700
Refreshment - 5,711
Gas charges - 440
Newspaper and periodicals 6,697 1,292
water charges for baldia - -
Bank charges 4,022 150
Net exchange loss 124,424 48,737
2,631,317 1,208,209 ````````````````
Surplus for the last year 5,827,478
Surplus for the period 3,196,161 5,827,478

````````````````
````````````````
____________ ____________ ````````````````

CHAIRMAN MEMBER ````````````````
````````````````
FRIENDS OF LITERACY AND MASS EDUCATION, KARACHI
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED JUNE 30, 2006
1. STATUS AND NATURE
Friends of Literacy and Mass Education (FLAME) was registered on May 5, 2001 under the Socities Registration Act (XXI of
1860). The registered office of the society is situated at Islamabad. The main objectives of the organization is to promote the cause
of literacy and basic education in Pakistan.
The institution is approved under section 2(36) of the Income Tax Ordinance, 2001 and the exemption is valid upto 30th june 2007.
2. SIGNIFICANT ACCOUNTING POLICIES:
a) Basis of Accounting
These accounts have been prepared under the historical cost convention.
b) Fixed assets
(i) Fixed assets are stated at cost less Accumulated depreciation.

(ii)
Depreciation is charged by reducing balance method on addition depreciation is charged on a pro rata-basis whereas on disposal
deprecation is charged upto the month assets is in use at the rate specified in note3.
(iii) Normal repair and maintenance are charged to expense as and when incurred.
however, major repairs and improvements are capitalized.
c) Foreign currency transctions
Assets and liabilities in foreign currencies are translated into Pak Rupees at the rate of exchange ruling at the balance sheet date.
Transactions in foreign currencies are accounted for in Pak Rupees at the rate of exchange ruling on the date of transactions.
Exchange differences are taken to income currently.
d) Income and expense recognition
i) Income from donations and membership fee is recognized on receipt basis.

ii) Profit on investment is recorded on accrual based on effective yeild of investment.
iii) Donation in kind are recognized at fair market value as and when donated items are received.
iv) Operating and administrative expenditure is recorded on accrual basis.
e) Deferred cost
These are amortized over a period of two years comencing from 2005.
f) Investment
All investments are recorded at cost.
g) Taxation
FLAME does not account for taxation, as it is exempt from Income tax under clause 58/59
of part 1 of the Second Schedule of the Income Tax Ordinance, 2001.
ities Registration Act (XXI of
ganization is to promote the cause
mption is valid upto 30th june 2007.
o rata-basis whereas on disposal
ruling at the balance sheet date.

g on the date of transactions.
1
1
1
1
1
1
1
1
1
1
0
Column C
0
0
0
0
0
0
0
0
0
0
Row 264 Row 265 Row 266 Row 267 Row 268
Column C
Mr. Rehman , Driver 3,000 2006 2005
Rupees Rupees
4 Deferred cost
Web site designing cost 36,500 36,500

Less: Amortization (36,500) (18,250)
- 18,250
5 Investment
Fixed Deposit Reciept-PICIC Bank 3,159,000 -

3,159,000 -
6 Advances, deposit and prepayments
6.1 Advances (unsecured - considered good)

Advance for expenses - Mr. Mumraiz 500 -
Advance for expenses - Mr. Ahmed Hassan 11,410 -
Advance for expenses - Miss Rosei Ponnel 243,000 -
Advance against expences - other 36,477 -
Advance against salary 10,500 -
Advance to suppliers/contractors 54,250 -
Interest income recivable from TDR-PICIC 48,126 -
404,263 -
6.2 Deposit
Deposit against office rent 175,000 15,000
6.3 Prepayments
Prepaid insurance - Motorcycle/Motor vehicle 15,886 5,333
Prepaid Rent 35,000 90,000
50,886 95,333
630,149 110,333
2006 2005
RUPEES RUPEES
7 Cash in hand 1,121 -
1,121 -
8 Cash at banks
PICIC Pak Rupee PLS Account No. 9962-0300 75,512 44,360
PICIC UK £ Account No.9962-0352 22,034 2,585,197
PICIC US $ Account No.9962-0351 216,072 35,348
PICIC MHU Account No.9962-0301 153,243 -
PICIC WAFA Account No.9962-0301 50,000 -
516,861 2,664,905
9 Sundry creditors,accrued & other liabilities
Payable to Mr. Ahmed Hassan - 151

Accrued expense 213,833 28,336
Other liabilities 76,800 -
290,633 28,487
10 Figures have been rounded-off nearest to a rupee.
_____________ ____________
CHAIRMAN MEMBER
SCHEDLUE OF ADVANCE AGAINST SALARY

FOR THE YEAR ENDED 30TH JUNE, 2007
Rs
Mr. Ahmed Hussain
Mr. Khush Bash Alam 55,000
Mr. Aurangzaib
Mr. Nadir
RECONCILIATION OF PICIC COMMERCIAL BANK

PAK RUPEE A/C NO. 9962-0300 AS AT 30-06-07
Rs.
Balance as per bank book (DR) as at 30th June,2007 171,011.59
Add: Cheques issued but not presented to bank for payment:
SHIKARPUR
1) Cheque No.15149156 dt.Nov.01,06 for teacher Honrarium Miss.sanam For October,06 1,000
2) Cheque No.15149920 dt.Dec.01,06 for teacher Honrarium Miss Asia For November,06 1,000
3) Cheque No.15151295 dt.Mar.02,07 for teacher Honrarium Miss Asia For Dec,06toFeb,07 3,000
4) Cheque No.18769350 dt Jun. 02,07 for teacher Honrarium Miss.Asia For March3000
to May,07 3,000
8,000
Sukkur
1) Cheque No.15149167 dt1/11/06 for teacher Honrarium Miss. Zubaida For October,06 1,000
2) Cheque No.15149938 dt 1/12/06 for teacher Honrarium Miss. Zubaida For November,06 1,000
3) Cheque No.15151280 dt 2/3/07 for teacher Honrarium Miss. Zamiran For Dec,06 to Feb,07 3,000
4) Cheque No.15151282 dt 2/3/07 for teacher Honrarium Miss. Shabana For Dec,06 to Feb,07 3,000
5) Cheque No.15151286 dt 2/3/07 for teacher Honrarium Miss. Zubaida For Dec,06 to Feb,07 3,000
6) Cheque No.18769355 dt.2/6/07 for teacher Honrarium Miss. Saima For March to May,07 3,000
7) Cheque No.18769356 dt.2/6/07 for teacher Honrarium Miss. Zamiran For March to May,07 3,000
8) Cheque No.18769357 dt.2/6/07 for teacher Honrarium Miss. Saba For March to May,07 3,000
9) Cheque No. 18769358 dt.2/6/07 for teacher Honrarium Miss. Amina For March to May,07 3,000
10) Cheque No18769359 dt.2/6/07 for teacher Honrarium Mr..Jan Mohd For March to May,07 3,000
11) Cheque No.18769360 dt.2/6/07 for teacher Honrarium Mr. M. Alam For March to May,07 3,000
12) Cheque No.18769361 dt.2/6/07 for teacher Honrarium Mr.Gh.Yasin For March to May,07 3,000
13) Cheque No.18769362 dt.2/6/07 for teacher Honrarium Miss.Zubaida For March to May,07 3,000
14) Cheque No.18769363 dt. 2/6/07 for teacher Honrarium Miss. Nahid For March to May,07 3,000
37,000
T.M.Khan
1) Cheque No. 18769335 dt 2/6/07 for teacher Honrarium Miss. Hawa For March to May,07 3,000
Cheque no. 18769329 dt. 1/6/07 Dr. Shehla Ahmed For May,07 5,000
Cheque no. 18769333 dt 1/6/07 Dr. Ayesha Irfan For May,07 3,000
8,000
Cheque no. 18769394 dt. 25/6/07 M/S Farooque Furniture 8,600
65,600 65,600
Less:
236,611
Cheque for donation received from M/S Jaffar Brothers taken in bank book 50,000
but not accounted for by the bank
Balance as per bank Statement 186,611.59
dated 30-06-07

MHU A/C NO. 9962-0301 AS AT 30-06-07
Rs.
Balance as per bank book (DR) as at 30th June,2007 8,851.10
Balance as per bank statement as at 30Th June,2007 8,851.10
ABDUL GHANI
Manager(F)

DOLLAR A/C NO. 9962-0301 AS AT 30-06-07
Rs.
Balance as per bank book (DR) as at 30th June,2007 ( Dollars 4438.49) 269,044.30
269,044.30
Less:
Cheque No. 901 for donation deposited in bank but not cleared ( Dollars 4200.00) 254,016.00
by the bank up 30-06-07
Balance ( Dollars 238.49 ) 15,028.30
Balance as per bank statement as at 30Th June,2007 ( Dollars 238.49) 15,028.30
ABDUL GHANI
Manager Finance

POUNDS/PENCE A/C NO. 9962-0301 AS AT 30-06-07
Rs.
Balance as per bank book (DR) as at 30th June,2007 ( Pounds/Ps 21.40) 11,243.86
Balance as per bank Statement dated 30-06-2007 ( pounds/Ps 21.40) 11,243.86
ABDUL GHANI
Manager Finance
WAFA A/C NO. 9962-0301 AS AT 30-06-07
Rs.
Balance as per bank book (DR) as at 30th June,2007 50,000
Balance as per bank Statement dated 30-06-2007 50,000
SCHEDULE OF ADVANCE AGAINST EXPENSES ABDUL GHANI

AS AT 30-.06-2007 Manager Finance
Mr. Ali Arshad Jafferey for printing of Brochures 3,000

Mr. Ali Arshad Jafferey for Plaques 3,600
Mr. Ali Arshad Jafferey for material for shifting of AC 3,000
Recovery from salary (5,574)
4,026
Mr.Leonard F. David 2,500
Mr. fahim Raza Advance for going to Balochistan Schools 8,000
Mr. SAH Naqvi 3,000
Mr. Aurangzaib Refund against adv. for purchase of stationery (10)
17,516
SCHEDULE OF ADVANCE AGAINST EXPENSES

Mr. AHMED HUSSAIN AS AT 30-.06-2007
2005-06
Bv 3/24 School material for two Bhance colony schools 5,725
Bv 6/31 Wall clocks 20 nos. For Landhi schools 2,000
short adjust.of adv. for bus charges and travelling exp 12
Amount of function for 2005-06 and opening balance (827)
payable to Ahmed Hussain
6,910
2006-07
Bv7/12 Advance for material of bhanse colony school 2,395

Bv7/19 Advance for Bus for teachers training at Behbud 16,800
Bv12/17 Advance for 7 black boards and 4 chairs for landhi 5,500
schools
Bv2/20 Advance for material for english classes 5,000
Bv4/06 Advance for material of Afridi colony and Rehri goth 10,505
Bv4/31 Advance for material of qazafi colony & pipri Bin Qasim 4,575
town ( Tube lights +exhast fan and roof)
Bv5/13 Advance for ceiling fan and energy savor for school no.8 1,280
Razaqabad
Bv5/30 Advance for sending bools to Interior Sindh Scools. 2,400
55,365
SCHEDLUE OF ADVANCE AGAINST SALARY

FOR THE YEAR ENDED 30TH JUNE, 2007
Rs
Mr. Ahmed Hussain 80,000
Mr. Khush Bash Alam 50,000
Mr. Aurangzaib 6,000
Mr. Rehman 3,000
Mr. Nadir 6,334
Mr. Mumraiz (1,000)
144,334
Client FLAME
Year ended
Rate of Dep
DESCRIPTION Ref Amount

Cost
Opening balance
Disposed off during the year
A
Additions during the year/period
Balance at End of the year 1
DEPRECIATION
Opening balance( Accumolated dep at big of the year)
Reversed on disposal
B
Depreciation for the year/period
On disposal ( as per schedule)
On net balance (A-B) @10% pafor the year
On additions ( As per schedule)
C
Accumolated depreciation.at end of year/period 2
Net book value(1-2)
Client FLAME
Year ended
Nature of Account Depreciationon additions to Fixed Assets
Assets Identification
Asset Date of Cost Period in use Rate &Dep Rate Amount

Purchase reciation
FUNDS POSITION AS ON 28-07-07

Rs
in thousand
Pak Rupee 243
MHU A/C 9
Dollar A/c 267
Pound A/C 3
WAFA 50
572
Income Expected from Piano Show
Sponsorship M/S PARCO 50,000

Sponsorship M/S PICT 50,000
Sale of Tickets 673,200
773,200 773
1,345
Expenditure
M/S Arts Council(50000-17500) 32,500
M/S Eijaz Anis (120000-65000) 55,000
Tickets, rent of piano, Posters etc 30,860
Sundial advertising, sound system, decoration 30,000
148,360
Vocational Centre 273,625
Salaries 350,000
Office rent 35,000
Utility bill 15,000
M/S Mobilink 7,000
POL /Maintenace of Vehicles 20,000
Misc. Payments 25,000
452,000
873,985 874
Balance 471
Out Station Salaries 35,000

Teachin Aid 55,000
Travelling Expenses 31,000
Director/Chairman
Flame
WRITE OFF OF EXPENSES
Following executives /Staff member have left the services of Flame. There are some
advances in their names which they did not got adjusted before leaaving service.Since
there are no more chances of recovery of these advances, therefore it is proposed to
write off the same .
Advance against expenses
Mr. Ali Arshad Jafferey , Manager Administration 4,025
Mr. Leonard F. David 2,500
Advance against Salary
Mr. Rehman, Driver 3,000
Submitted for Write off approval of the above advances, please.

ABDUL GHANI
Manager Finance
SCHEDULE FOR ADVANCES TO SUPPLIERS / CONTRACTORS

AS AT 30-06-2007
Rs.
M/S Colligan / Jhon (PVT)Ltd.- Depost for drinking water 7 bottles 3,500
M/S Arts Council Of Pakistan 17,500
M/S Eijaz Anis Advance for piano recital 35,000
56,000
Abdul Ghani
Manager Finance
3. FIXED ASSETS - (Tangible)
R
Written down Written down A
PARTICULARS COST DEPRECIATION
value value
T
E
As at Additions As at As at As at As at As at
For the year
during the year S
1-Jul-06 30-Jun-07 1-Jul-06 30-Jun-07 30-Jun-07 30-Jun-06
Furniture and fixtures 209,275 11,100 220,375 22,361 18,858 41,219 179,156 186,914 10%
Office equipment 41,035 33,427 74,462 6,902 7,691 14,593 59,869 34,133 20%
Electric equipment
Air Conditioners 49,800 - 49,800 11,292 7,702 18,994 30,806 38,508 10%
Fans 82,400 11,550 93,950 4,981 16,018 20,999 72,951 77,419 10%
Refrigerator 10,500 - 10,500 2,088 1,682 3,770 6,730 8,412 10%
Generator 77,152 - 77,152 2,408 14,949 17,357 59,795 74,744 10%
Projector 52,000 - 52,000 8,667 8,667 17,334 34,666 43,333 10%
Vaccume Cleaner 6,100 - 6,100 407 1,139 1,546 4,554 5,693 10%
Fax Machine 19,000 - 19,000 317 3,737 4,054 14,946 18,683 10%
Telecommunication 5,100 17,980 23,080 - 4,100 4,100 18,980 5,100 10%
302,052 29,530 331,582 30,160 57,994 88,154 243,428 271,892
Computers and accessories 120,900 66,967 187,867 26,166 50,706 76,872 110,995 94,734 33.33%
Printers 21,500 - 21,500 8,742 4,252 12,994 8,506 12,758 33.33%
Motor Cycles 90,520 - 90,520 22,879 13,528 36,407 54,113 67,641 20%
Cars 650,000 511,100 1,161,100 130,000 112,518 242,518 918,582 520,000 20%
Rooma Van 504,755 - 504,755 84,126 84,126 168,252 336,503 420,629 20%
1,387,675 578,067 1,965,742 271,913 265,130 537,043 1,428,699 1,115,762
Rupees 1,940,037 652,124 2,592,161 331,336 349,673 681,009 1,911,152 1,608,701

FRIENDS OF LITERACY AND MASS EDUCATION (FLAME) KARACHI
CASH FLOW STATEMENT
For the period from September 22, 2004 to May 31, 2005.
Rupee
CASH FLOWS FROM OPERATING ACTIVITIES :
Cash received from donors 2,544,025
Cash payments for operating and administration expenses (1,088,800)
1,455,225
Profit on bank deposit (net of bank charges) 4,628
Net cash from operating activities 1,459,853
CASH FLOW FROM INVESTING ACTIVITIES :

Purchase of fixed assets (352,220)
Net cash used in investing activities (352,220)
Net increase in cash 1,107,633
Cash at begining of period -
Cash at bank at end of period 1,107,633
CHAIRMAN MEMBER MEMBER

FRIENDS OF LITERACY AND MASS EDUCATION
NOTES OF THE ACCOUNTS
FOR THE YEAR ENDED JUNE 30,2006
1 STATUS AND NATURE

Friends of Literacy and Mass Education (FLAME) was registered on may 5, 2001 u
the
Socities Registration Act (XXI of 1860). The registered office of the society is situa
Islamabad. The main objectives of the organisation is to promote the cause of lite
and
basic education in Pakistan.
2 SIGNIFICANT ACCOUNTING POLICIES:
a) Basis of Accounting
These accounts have been prepared under the historical cost convention
b) Fixed assets
i) Fixed assets are stated at cost less accunulated deprication.

Depriciation is charged by resucing balande method on a pro_rata-basis at the rat
ii) specifiesd in notes
tered on may 5, 2001 under
ce of the society is situated at

romote the cause of literacy
cost convention
pro_rata-basis at the rate

Dep. As At
Code Name Date Amount
31/05/05
101 F&F 29/1/05 70,000 2,916.67
103 Office Equipment27/1/05 10,000 833.33
103 Office Equipment29/5/05 17,000 283.33
105 Air Conditioner 27/1/05 40,000 3,333.33
107 Computer 20/2/05 54,000 5,940.00
111 Motor cycle 13/1/05 53,520 5,352.00
111 Motor cycle 23/5/05 37,000 616.67
113 Fans 27/1/05 5,000 416.67
117 Printers 20/2/05 21,500 2,365.00
101 F&F 27/1/05 10,000 416.67
101 F&F 27/1/05 20,000 833.33
101 F&F 10/2/2005 6,800 283.33
107 Computer 23/2/05 1,400 154.00
101 F&F 28/2/05 6,000 200.00
10 352,220 23,944
11 Corresponding figures have been re-arranged and re-grouped for

comparative study.
EXECUTIVE DIRECTOR
3,710 4,650
667 1,117
2,667 3,750
4,570 8,459
1,774 5,969
333 23,945
4,460
18,181
5,764
F&F 4,650 940

OE 1,117 450
AIR.c 3,333.00 666
Fans 418 85
Computers 6,094 1,524
Printers 2,365.00 591
m.c 5,969 1,509
23,945 5,764
MANGER FINANCE &

ADMINISTRATION ````````````````
Client FLAME
Year ended
Rate of Dep
DESCRIPTION Ref
Cost
Opening balance
Disposed off during the year
A
Balance at End of the year 1
DEPRECIATION
Opening balance( Accumolated dep at big of the year)
Reversed on disposal
B
On disposal ( as per schedule)
On net balance (A-B) @10% pafor the year
On additions ( As per schedule)
C
Accumolated depreciation.at end of year/period 2
Net book value(1-2)
Client FLAME
Year ended
Nature of Account Depreciationon additions to Fixed Assets
Assets Identification
Asset Date of Cost Period in use

Rate &Dep Rate
Purchase reciation
Amount
Amount
Client FLAME
Year Ended 2006 - 2007
Rate of Depreciation 10%
Furniture & Fixture

Description Ref Amount
Cost
Opening Balance 209,275
Disposed off during the year -
A 209,275
Additions during the year/period 11,100
Balance at the end of year/period 1 220,375
Depreciation
Opening balance (Accumulated depreciation at the beginning of the year) 22,361
Reversed on disposal -
B 22,361
On disposal (as per schedule) -
On net balance (A - B) @ 10% per annum for the year 18,691
On additions (as per schedule)
C 167
Accumulated depreciation at the end of year/period 2 41,219
Net Book Value (1 - 2) 179,156

Client FLAME
Nature of Account Depreciation / Additions on Fixed Assets
Assets Identification Furniture & Fixture
Date of Rate of
Asset Purchase Cost Period in Use Depreciation Ref
Table 22/8/06 2,000 10 months 10%
Table 23/6/07 3,493 -

(4 x 2.5 with KB Tray)
S / Rack 23/6/07 2,645 -

(size: 3 x 1.5)
S / Rack 23/6/07 2,962 -

(size: 4" x 16")
11,100
Client FLAME
Office Equipment
Cost
A 41,035
33,427
Depreciation
B 6,902
C 864

Client FLAME
Assets Identification Office Equipment
Date of Rate of
Sewing Machine 3/4/07 9,200 3 months 20%

(5 Nos.)
Digital Camera 8/6/07 16,600 1 month 20%
Pen Power Business Card 26/05/07 7,627 1 month 20%
33,427
Client FLAME
Air Conditioners
Cost
A -
Depreciation
B 11,292
C -
No Additions
Client FLAME
Fans
Cost
A 82,400
Depreciation
B 4,981
On additions (as per schedule) 534
C 16,018

Client FLAME
Assets Identification Fans
Date of Rate of
Fans 30/03/07 3,350 3 months 20%
Fans 11/5/07 3,800 2 months 20%
Fans 4/3/07 3,600 4 months 20%
Fans 800 - -
11,550
Client FLAME
Refrigerator
Cost
A 10,500
Additions during the year/period -
Depreciation
B 2,088
On additions (as per schedule) -
C 1,682

Client FLAME
Generator
Cost
A 77,152
Depreciation
B 2,408
C 14,949

Client FLAME
Projector
Cost
A 52,000
Depreciation
B 8,667
C 8,667
No Additions
Client FLAME
Vaccume Cleaner
Cost
A 6,100
Depreciation
Opening balance (Accumulated depreciation at the beginning of the year) 407
B 407
C 1,139
No Additions
Client FLAME
Fax Machine
Cost
A 19,000
Depreciation
Opening balance (Accumulated depreciation at the beginning of the year) 317
B 317
C 3,737
No Additions
Client FLAME
Telecommunication
Cost
A 5,100
Depreciation
Opening balance (Accumulated depreciation at the beginning of the year) -
B -
On net balance (A - B) @ 10% per annum for the year -
On additions (as per schedule) 4,100
C 4,100
No Additions
Client FLAME
Assets Identification Telecommunication
Date of Rate of
Opening Balance 2006-2007 5,100 - -
Cell Phone 10/7/06 10,000 12 months 20%
Telephone Set 24/07/06 500 11 months 20%
Telephone Set 15/07/06 430 12 months 20%
23,080
Client FLAME
Rate of Depreciation 33.33%
Computers (104) & Printers (109)

Description Computers Printers
Cost
Opening Balance 120,900 21,500
Disposed off during the year - -
A 120,900 21,500
Additions during the year/period 66,967 -
Balance at the end of year/period 1 187,867 21,500
Depreciation
Opening balance (Accumulated depreciation at the beginning of the year) 26,166 8,742
B 26,166 8,742
On net balance (A - B) @ 10% per annum for the year 31,575 4,252
On additions (as per schedule) 19,131 -
C 50,706 4,252
Accumulated depreciation at the end of year/period 2 76,872 12,994
Net Book Value (1 - 2) 110,995 8,506
Printers
Depreciation
Client FLAME
Assets Identification Computers
Date of Rate of
LapTop Note Book 28/07/06 62,617 11 months 33.33%
Compaq P-III 16/06/07 4,350 - -
66,967
Client FLAME
Motor Cycles
Cost
A 90,520
Depreciation
B 22,879
C 13,528
No Additions
Client FLAME
Motor Vehicles / Cars (105) & Rooma Van (107)

Description Cars Rooma Van
Cost
Opening Balance 650,000 504,755
Disposed off during the year - -
A 650,000 504,755
Additions during the year/period (5/06/07) 511,100 -
Balance at the end of year/period 1 1,161,100 504,755
Depreciation
Opening balance (Accumulated depreciation at the beginning of the year) 130,000 84,126
Reversed on disposal - -
B 130,000 84,126
On net balance (A - B) @ 10% per annum for the year 104,000 84,126
On additions (as per schedule) 8,518 -
C 112,518 84,126
Accumulated depreciation at the end of year/period 2 242,518 168,252
Net Book Value (1 - 2) 918,582 336,503

Amount
167
167
Amount
460
277
127
864
Amount
167
127
240
534
Amount
1,020
2,000
492
92
86
410
4,100
Total
142,400
-
142,400
66,967
209,367
34,908
-
34,908
35,827
19,131
54,958
89,866
119,501
21,500
(8,742)
12,758
(4,252)
8,506
Amount
19,131
19,131
Total
1,154,755
-
1,154,755
511,100
0
1,665,855
0
0
214,126
-
214,126
0
0
188,126
8,518
196,644
410,770
0
1,255,085

Excel Files Flame Final Accounts

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FRIENDS OF LITERACY AND MASS EDUCATION

Fixed assets (At cost less depreciation) 3 1,911,152 987,633

Deferred cost 4 - 18,250

NET ASSETS 5,931,561 3,536,545

Accumulated surplus - 3,536,545

The annexed notes form an integral part of these accounts.

Flame Office Management Cost

The annexed notes form an integral part of these accounts.

Teaching aid and accessories - 300,740

The annexed notes form an integral part of these accounts.

____________ ____________ ````````````````

1. STATUS AND NATURE

2. SIGNIFICANT ACCOUNTING POLICIES:

(i) Fixed assets are stated at cost less Accumulated depreciation.

c) Foreign currency transctions

d) Income and expense recognition

i) Income from donations and membership fee is recognized on receipt basis.

All investments are recorded at cost.

mption is valid upto 30th june 2007.

o rata-basis whereas on disposal

ruling at the balance sheet date.

Web site designing cost 36,500 36,500

Fixed Deposit Reciept-PICIC Bank 3,159,000 -

6 Advances, deposit and prepayments

6.1 Advances (unsecured - considered good)

9 Sundry creditors,accrued & other liabilities

Payable to Mr. Ahmed Hassan - 151

10 Figures have been rounded-off nearest to a rupee.

SCHEDLUE OF ADVANCE AGAINST SALARY

RECONCILIATION OF PICIC COMMERCIAL BANK

Balance as per bank book (DR) as at 30th June,2007 171,011.59

Add: Cheques issued but not presented to bank for payment:

Cheque no. 18769394 dt. 25/6/07 M/S Farooque Furniture 8,600

RECONCILIATION OF PICIC COMMERCIAL BANK

Balance as per bank book (DR) as at 30th June,2007 8,851.10

Balance as per bank statement as at 30Th June,2007 8,851.10

RECONCILIATION OF PICIC COMMERCIAL BANK

Balance ( Dollars 238.49 ) 15,028.30

Balance as per bank statement as at 30Th June,2007 ( Dollars 238.49) 15,028.30

RECONCILIATION OF PICIC COMMERCIAL BANK

Balance as per bank Statement dated 30-06-2007 ( pounds/Ps 21.40) 11,243.86

WAFA A/C NO. 9962-0301 AS AT 30-06-07

Balance as per bank book (DR) as at 30th June,2007 50,000

Balance as per bank Statement dated 30-06-2007 50,000

SCHEDULE OF ADVANCE AGAINST EXPENSES ABDUL GHANI

Mr. Ali Arshad Jafferey for printing of Brochures 3,000

SCHEDULE OF ADVANCE AGAINST EXPENSES

Bv7/12 Advance for material of bhanse colony school 2,395

SCHEDLUE OF ADVANCE AGAINST SALARY

DESCRIPTION Ref Amount

Balance at End of the year 1

Net book value(1-2)

Asset Date of Cost Period in use Rate &Dep Rate Amount

FUNDS POSITION AS ON 28-07-07

Sponsorship M/S PARCO 50,000

Out Station Salaries 35,000

WRITE OFF OF EXPENSES

Advance against expenses

Mr. Ali Arshad Jafferey , Manager Administration 4,025

Mr. Leonard F. David 2,500

Advance against Salary

Mr. Rehman, Driver 3,000

Submitted for Write off approval of the above advances, please.

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