SAJIDA Foundation · SAJIDA Foundation (Registered in Bangladesh under the Societies Registration Act, 1860) Statement of Changes in Net Assets as at 30 June 2015 Opening balance

SAJIDA Foundation(Registered in Bangladesh under the Societies Registration Ac! 1860)

Auditors' Report and Audited Financial StatementsAs at and for the year ended 30 June 2015

House # 51 (2nd Floor), Road # 09, Block # E Banani, Dhaka-l2l 3.

tt[ s F ATTMED & CO.#rL CH ARTERED ACCOUNTANTS

...Since 1958

I House 5l (2"r Floor),Road 9, Block F,Banani, Dhaka 12lJ,Bangladesh

I Telephone: (88-02)9894346, 987A957,9894026,09610998048

Fax: (88-02)8825135E-mail: [email protected]

[email protected] [email protected]

INDEPENDENT AUDITORS' REPORT

To The Members of General Body of SAJIDA Foundation

We have audited the accompanying financial statements of the SAJIDA Foundation, which comprisethe statement of financial position as at June 30,2015, and the statement of income and expenditure,statement of cash flows and statement of changes in equity for the year then ended, and a summary ofsignificant accounting policies and other explanatory information.

Management's Responsibility for th e Financial StatementsManagement is responsible for the preparation and fair presentation of these financial statements inaccordance with the accounting policies summarized in the note 3 to 5 to the financial statements andfor such internal control as management determines is necessary to enable the presentation of financialstatements that are frie from matirial 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 International Standards on Auditing as adopted in Bangladesh.Those standards require that we comply with ethical requirements and plan and perform the audit toobtain reasonable assurance whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosuresin the financial statements. The procedures selected depend on the auditor's judgment, including theassessment of the risks of material misstatement of the financial statements, whether due to fraud orerror. In making those risk assessments, the auditor considers internal control relevant to the entity'spreparation and fair presentation of the financial statements in order to design audit procedures thatare appropriate in the circumstances, but not for the pu{pose of expressing an opinion on theeffectiveness of the entity's internal control. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of 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 basisfor our audit opinion.

OpinionIn our opinion, the consolidated financial statements give a true and fair view of the financial positionof SAJIDA Foundation as of June 30,2015, and of its financial performance and its cash flows for theyear then ended in accordance with accounting policies summarized in Note 3 to 5 to the financialstatements.

s.F.H*9zoS. F. Ahmed & Co.Chartered AccountantsDhaka

20 October 2015

Chittagong Office: lspahani Building, Agrabad, Chittagong; Phone: 3l-716184; Fax: 31-713683; E-mail: [email protected]

SAJIDA Foundation(Registered in Bangladesh under the Societies Registration Act, 1860)

Statement of Financial Positionas at 30 June 2015

ASSETS

Non - current assets

Property, plant and equipment

Work in progress (Building)Intangible asset (Software)

Deferred expenditure

Investments in Renata LimitedInvestment in FDR, PSB and Share

Third party loan

Current assets

Loans to members

Motorcycle loan

Advances, deposits and prepayments

Advance income tax

Grants and accounts receivables

InventoriesCash and cash equivalents

TOTAL ASSETS

FUND AND LIABILITIES

FundsCapital fundReserve fundGrants received in advance

Disaster managernent fundOther fund

Non Current LiabilitiesTerm loans

Deferred incomeLoan loss provisionMembers savings deposits

Current LiabilitiesMicro insurance

Other current liabilities

TOTAL FUND AND LIABILITIES

The annexed notes form an integral part ofthese statements.

&r/Chairperson, Governirlg Body

6

7

8

9

10

1lt2

25

262728

29

30

13

t4l516

t7l8t9

20

2l22

23

24

Amount in Taka

30 June 2015 I 30 June 2014

1,011,325,836 974,987,597

895,484,324 ll 718,470,401

64,119,435 ll 54,454,486

15,567,45211 13,332,595

30,552,359 ll 30,066,5025,602,266 ll S8,663,613

2,635,403,5161,257,333,330

1,299,191128,706,333

1.248.064,662

70,855,11229,979,41040,875,702

3,117,584,465

Associate Director (Finance)SAJIDA Foundation

2,551,688,4221,455,287,499

1,599,08877,613,734

1,017,188,101

.r. F Za'"'Q/?,S. F. Ahmed & Co.

Chartered Accountants

610,998,522304,928,502

17,880,3841,191,6471,153,434

32,546,389

248,023,6575,274,509

471,377,572158,326,246

699,0691,546,456

32,546,389

272,642,900s.616.s12

2,934,392,48923,323,22349,883,62441,758,46235,690,903

3,856,163117,681,078

2,599,214,55919,408,71639, I 08,5662s,273,44825,659,122

4,184,441287,068,361

SAJIDA Foundation

Signed in terms of our separate report of even date annexed.


Statement of Income and Expenditurefor the year ended 30 June 2015

NotesAmount in Taka

2014-2015 I z0tl-z0lt

INCOME

Donor grants 3lInterest on fxed deposits

Interest on bank accounts

Dividend received from Renata LimitedIncome from health program

Service charge on loan

Income from forms, pass book & others 32

Insurance/nfu apotta premium

Sale of property, plant & pquipment

Dividend contribution from SAJIDA Own Fund (inter transfer)

EXPENDITIJRE

Microfinance Program

SAJIDA OwnFundHealth program

Amrao manush project

Amrao manush project - UPPRP

Malaria control program

Amrao manush savings program

Institute of health science

TB control program

Microinsurance

Psychosocial counseling support service

Adhunika women centre

IMPACTEducation program

Community climate change project - CCCP

Net surplus for the year


71,266,54017,503,821

7,722,669135,031,377

110,715,856

625,980,37910,844,380

53,606,32860,453

t91,052,515,041

80,686,335

23,418,217

7,433,160

86,420,300104,104,885

558,594,190

10,916,510

43,568,290

279,951

28,816,034944,237,872

767,955,598

176,282,274

944,237,872

M-/Chairperson, Governing BodySAJIDA Foundation

Dated, Dhaka

20 October 2015

879,463,934

173,051,106

1,052,515,041

+,*--Associate Director (Finance)

SAJIDA Foundation

Signed in terms ofour separate report ofeven date annexed.

irectorSAJIDA Foundation

.€.F.%---/4"S. F. Ahmed & Co.


531,251,447

3 1,84 1,830

119,138,769

17,405,639

7,243,907

2,339,035

75,163

3,718,4503,180,230

39,133,938

3,907,081

1,446,622

7,273,487

6 16,153,053

30,488,067

t27,231,t2716,638,4022,076,373

2,544,387

16,853

6,133,437

3,433,454

50,322,641

4,745,9111,512,052

9,930,543800,684

7.436,951


Statement of Cash Flows

for the year ended 30 June 2015

A. Cash flows from operating activities:Surplus of income over expenditureAdjustrnent for:

Non-cash items

(a) Operating Profit before working capital changes

Increase (decrease) in reserve fund

Increase (decrease) in micro insurance & nirapotta

Increase (decrease) in loan loss provision

Increase (decrease) in disaster management fund (DMF)

lncrease (decrease) in deferred income

lncrease (decrease) in other current liabilities

Increase (decrease) in other fund

Decrease (increase) in motor cycle loan

Decrease (increase) in advance, deposits & prepa]rynents

Decrease (increase) in advance income tax

Decrease (increase) in grants & accounts receivable

Decrease lincrease) in inventories

(b) Adjustment for changes in working capital

Net Cash from operating activities (a+b)

B. Cash flows from investing activities:Acquisition of property, plant & equipment

Sale ofproperty, plant & equipment

Work in progress @uilding)Acquisition of intangible assets


lnvestment in FDR, PSB and share

Encashment of Investment in FDR, PSB and share

Disbursement of loan to members

Pa)rynent received (payment made) for third party loan

Net Cash used in investing activitiesC. Cash flows from financing activities:Grant received during the year

Grant utilised during the year:

Operational expenditure

Grants transferred to SOF

Invesftnent ofproperty, plant and equipment

Grants receivable realised during the year

Loan from own fund (Grants receivable)

Received from member savings deposit

Term loan received during the year

Term loan repayment during the year

Net Cash from financing activitiesNet Increase (decrease) in acsh & cash equivalents (A+B+C)

Add: Cash & cash equivalents at the beginning of the Year

Prior Year adjustment (Capital fund)

Cash and cash equivalents at the end ofthe year


173,051,106

89,866,975

262,918,081

(74,668,328)

188,249,754

3s.157.248(173,350,099)

287.068.361

3.962.817

117,681,078

Associate Director (Finance)

SAJIDA Foundation

Amount in Taka2014-2015 I 2013-2014

176,282,274

61,152,274

237,434,548

(1,620,906)

235,813,642

366,969,377

(71,849,163

358,564,1 68

353.356

287,068,361

S.f.rAZ--;,S. F. Ahmed & Co.


l1

9,664,949

3,017,650(10,556,590)

(s,773,707)

(299,897)

23,218,696(s3,061,347)

(3,9 14,507)

(l 0,775,058)(16,485,014)(l 0,03 1,78 1)

78

2,178,414

t0,220,132(n,922,6ss)

2,28s,968(584,913)

5,009,636

16,48',1,865

99r,293(1,844,81 8)

(11,

(r 1,113,132)

I,363,826)

(r66,449,972)17,268

(17,880,384)

(1,4t4,s20)(8 12,8 10)

(l 64,755,530)

189,374,774

(235,177,930)

(396,757,t02)

(113,179,694)

819,818

045.904)(1,834,680)

(323,712,634)

285,723,458(52t,997,186)

294.640(674,632,182)

46,202,105

(70,602,07s)

26.989(361, r85

26,969,022

230,876,561

1,160,000,000

r.357.954.1

78,s06,913

(19,869

(231,91

(7,09e,476

t6,399,553

276,325,167

1,050,000,000

7.061

Al=/Chairperson, GoveYn in g B6dy

Signed in terms of our separate report of even date annexed.


Statement of Changes in Net Assets

as at 30 June 2015

Opening balance (01.07 .2014)


Add: Prior years adjustment (Excess provision)

Less: Transferred to reserve fund

Closing balance (30.06.2015)

Opening Balance (0 I .Q7.201 3)


Less: Prior years adjustment /(Short provision)


Closing Balance (30.06.2014)

Reserve Fund

Opening balance (01.07 .2014)

Add: Transferred from capital fund

Add: Addition during the year


Opening balance (0 1.07.20 I 3)

Add: Transferred from capital fund



Amount in Taka30 June 2015

718,470,401

173,051,106

10,947,446

(6,984,629)

895,484,324

550,932,059

176,282,274

353,356

(9,097,288)

718,470,401

54,454,486

6,984,629

2,680,32064,119,435

43,178,784

9,097,2882,178,414

54,454,486

SAJIDA FoundationNotes to the Financial Statements

as at and for the year ended 30 June 2015

1.00 About the organization

In 1987, SAJIDA Foundation started as private family-funded charity with a small garage school

in SAJIDA's founder's residence. By 1993, the organization evolved into a formal institution

offering micro-credit to poor urban women in old Dhaka.

SAJIDA Foundation is a reputed national development organization, which has been working on

reducing poverty and improving the livelihood of the poor since 1993. The organization has

implemented a number of major development activities including Microfinance, Micro-

insurance, Health, Education and other specialized programs, specially designed for the poor and

ultra poor in the urban and rural areas in fwelve districts of Bangladesh through a cadre of more

than 1626 staffs. Currently SAJIDA Foundation is operating in Dhaka, Narayangonj, Gaziptr,

Narsingdi, Comilla, Munshigonj, Feni, Chandpur, Chittagong, Jamalpur, Netrokona and

Sunamgonj districts, covering a population of over 6.0 million people transforming the quality oftheir lives with positive impact.

At present, SAJIDA is working with a consortium of national and international donors and

partners such as Palli Karma-Sahayak Foundation (PKSF), Concern Worldwide, Irish Aid,

BRAC, UNDP, GFATM, WaterAid, Adhunika Foundation (USA) World Bank (CCCP) and

Commercial Banks. With the support of such institutions, SAJIDA has been able to expand its

program areas. It is worth noting that more than fifty percent of SAJIDA programs are financed

by SAJIDA's own funds generated in the form of dividend earnings from Renata Ltd., Service

charge on credit, savings of members and health service fees. SAJIDA owns 51% share ofRenata Limited. At present dividend earning from Renata Limited constitute a great part ofSAJIDA' s fi nancial sustainability.

Vision

Health, Happiness and Dignity for all.

Mission

To improve the quality of life in the communities where SAJIDA work through sustainable and

effective interventions.

Guiding principles and values

o We bring innovation and quality to everything we do.

o We recognize the central role of mothers in uplifting their families.

o We believe all lives are equal.

o We are transparent and accountable in our work.

ffi

2.00 Corporate Information of SAJIDA Foundation

List of Executive Committee Members

Name of organization SAJIDA Foundation

Year of establishment 1987

Legal entity SAJIDA Foundation is a non-government, non-profit voluntary

or ganization registered with -

1. Registrar of Joint stock Companies registration no. S-

I 403 (37)19 t dated 08/05/ 1 99 1 .

2. NGO Affairs Bureau registration no. 984 dated 3lll0ll995.3. Micro credit Regulatory Authority registration no.00251-

001 55(Ka)-00 I 55, dated 16103 12008.

Name of the operations (Programs) Microfinance Program, Education Program, Health Program,

Amrao manush Project, Amrao manush UPPRP Project, Amrao

manush Savings, Malaria Control program, TB Control

Program, Institute of Health Science, Psychosocial Counseling

Support Service, IMPACT, Microinsurance, Adhunika

Women's Centre, CCCP & SAJIDA Own Fund.

Statutory audit conducted up to 30 June 2015

Name of the statutory auditor for last

year

S. F. Ahmed & Co., Chartered Accountants

Name of the statutory auditor for

current year

S. F. Ahmed & Co., Chartered Accountants

No. of Executive Committee

meeting held by July 2014 to June

2015

05 (Five)

Date of last AGM held 28 December 2014

Name Qualifications Designation Profession Present Address

Shib Narayan kairy M.Com Chairperson Private Service House # 392, Road # 11,

Block-C, Bashundhara

Residencial Area, Dhaka-

1229

Ms. Sajida Humayun

Kabir

M.A Member Social Service 7/A New Baily Road,

Ramna, Dhaka-1217

Syed S. Kaiser Kabir M.Phil(oxIoRD)

Member Private Service Monarch, House# 74,

Road#2l,Block#BApartment # C-3,C-4,Banani, Dhaka

Abdul-Muyeed

Chowdhury

M.A Member Private Service House # 2lB (2nd Floor),

Road # 5, Gulshan # 1,

Dhaka # 1212

Dr. Asif Mujtaba

Mahmud

MBBS, DTCD,Phd.

Member Doctor Apartment- 4'6,

House - 95,

Road -13, Block-E,

Banani, Dhaka-7213

fR*vr#

7

Name Qualifications Designation Profession Present Address

Ms. ZahidaFizzaKabir

Masters in

lnternational &lntercultural

Management

Executive

Director

Private Service Monarch, House # 74,

Road # 21, Block # B,

Apartment # C-1, Banani,

Dhaka.

Ishtiaq Mohiuddin MBA Member Private Service 16, Eskaton Gardan,

Ramna, Dhaka # 1000

Ms. Dr. Erum

Marium

MBA & Phd Member Private Service Monarch, House # 74,

Block-B, Road # 21,Apartment # C-3, C-4,

Banani, Dhaka.

Mujtaba-ur Rahman

Khan

MBA Member Private Service House 831D, Road 13/A

Banani, Dhaka 1213

Bangladesh

Ms. Barrister Sajeda

Farisa kabir

Barrister at-

Law

Member Lawyer Monarch, House # 74,

Block-B, Road # 21,

Apartment # C-2, Banani,

Dhaka.

3.00 Basis of preparation of financial statements

3.01 Basis of accounting

SAJIDA prepares its financial statements in accordance with Bangladesh Financial Reporting

Standards (BFRS). SAJIDA Foundation processes its accounting data in a systematic way

ensuring required control. It receives donations & funds from different sources through bank

account (mother account). Then funds are transferred to the related programs and branch

accounts. Branch authorities disburse it to beneficiaries following rules and regulations and

record transactions in software systems "southtech Ascend Banking"' In branch level, for

recording the transaction in software systems two individuals are allowed with same access

control (password), one is branch manager and another person is branch accountant. Transactions

are recorded in the systems on daily basis and produces vouchers, ledgers, hial balance and

financial statements on periodical basis. Any omission or adjustment is corrected by the

concerned personnel of Software Company which should be administered by organization

personnel. Head office general fund accounts and other projects accounts are also maintained in

software systems.

Branch office prepares financial statements and submits to head office monthly basis. Allcollected amounts are deposited to bank account by the branch. Head office maintains control

ledgers and other subsidiary books of accounts based on monthly statements of branch office and

prepares consolidated flnancial statements.

3.02 Preparation of financial statements

Financial statements are prepared in accordance with Bangladesh Financial Reporting Standard

(BFRS) except for service charge on loan to members, which are recognized on cash basis as

disclosed in the Summary of Significant Accounting Policies. The financial statements are

expressed in Bangladeshi Taka.

SAJIDA's accounting records and financial statements are maintained and presented in

accordance with the principles of fund accounting. This is the procedure by which resources are

classified for accounting and internal reporting into funds established according to their nature

and purposes based on the existence or absence ofdonor-imposed restrictions.

Use of estimates and judgments

The preparation of financial statements in conformity with BFRS requires management to make

judgments, estimdtes and assumptions that affect the application of accounting policies and the

reported amdunts of assets, liabilities, income and expenses. Actual results may differ from these

estimates.

Estimates and underlying assumptions are reviewed on an on-going basis. Revisions to

accounting estimates are recognized in the period in which the estimates are revised and in any

future periods affected.

Comparative information and rearrangement thereof

Comparative information has been disclosed in respect of the one year period from 0l July 2013

to 30 June 2014 for all numeric information in the financial statements and also the narrative and

descriptive information where it is relevant for understanding of the current year's financial

statements.

Figures for the period ended on 30 June 2014 have been rearranged wherever considered

necessary to ensure comparability with the current period

3.05 Reporting period

The financial period of the SAJIDA Foundation covers one year period from 01 July 2014 to

30 June 2015.

Summary of significant accounting policies

The significant accounting policies followed in the preparation and presentation of these

financial statements are summarized below:

4.01 Currencies

The financial statements are presented in Bangladeshi Taka (BDT) which is the Sajida

Foundations functional currency. All financial information presented in Bangladesh Taka (BDT)

has been rounded offto the nearest Taka.

@s

3.03

3.04

4.00

4.02 Revenuerecognition

As per BAS-18 "Revenue", Revenue is to be recognized when it is probable that the economic

benefits associated with the transaction will flow to the organization and the amount of revenue

and related cost can be measured reliably.

Accordingly, Income from Service Charge on loan is recognized on cash basis when it is

collected and other income is recognized when it is earned in the relevant period.

Interest income

Interest on bank accounts, fixed deposits, revenue is recognized as the interest accrues unless

collectability is in doubt.

Service charge on loans

Service charges'on loans to members are recognized on cash basis as income. Income is

recognized when cash is realized.

Rebate on service charge

Special rebate is given to beneficiaries on advance payment of loan installment'

Dividend income

Dividend income from shares is recognized when SAJIDA's right to receive the payment is

established.

Other income

All other incomes are recognized when SAJIDA's right to receive such income has been

reasonably determined and all conditions precedent is satisfied'

4.03 Expenses

fnterest expenses

Interest and other costs that SAJIDA incurs in connection with the borrowing of funds. Interest

expenses are recognized as an expense in the period in which they are incurred.

Program expenses

Program related expenses arise from goods and services being distributed to beneficiaries in

accordance with the program objectives and activities.

Interest paid on savings

Interest paid on savings is accounted for on accrual basis and shown as expenses in the related

period.

l0

4.04 Property, plant and equipment

Recognition

All items of property, plant and equipment are initially recorded at cost. The cost of an item ofpropefty, plant and equipment is recognised as an asset if, and only if all the following conditions

are met:

Depreciation

Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is

charged for on a straight-line basis over the estimated useful lives at the following annual rates.

Provided that when the depreciated value of an item becomes nil, SAJIDA's policy is to assign

Tk.1 value fbr recognition of the asset.

ltems of PPE Annual depreciation rate (7o)

Furniture & fixtures

Equipment

Vehicles

BicyclesMotorcycles

10

l5 to 33

15

15

15

4.05

Subsequent recognition

The cost of replacing part of an item of property or equipment is recognized in the carrying

amount of the item, if it is probable that the future economic benefits embodied within the part

will flow to the organization and its cost reliably measured. The cost of the day to day servicing

of the properfy, plant & equipment is recognized in the statement of income and expenditure as

incurred expenditure.

Sale of property, plant and equipment

Sale price of property, plant and equipment are determined on the basis of fair value of the assets.

Gain or losses on sale of property, plant and equipment are recognized in the statement of income

and expenditure incurred as per provision of "BAS-16, properly, plant and equipment."

Capital work-in-progress

Property, plant and equipment under construction/acquisition have been accounted for as capital

work-in-progress until construction/acquisition is completed.

Capital work-in-progress is stated at cost and not depreciated. Depreciation on capital work-in-

progress commences when the assets are ready for their intended use.

11

5.00

s.01

Significant organizational policies

Loan loss provision

Management regularly assesses the adequacy of the loan loss provision based on the age of the

loan portfolio. At the end of the half yearly, SAJIDA calculates required provision for loan loss

based on the loan classification and provisioning methodology which is shown below and any

adjustment, if required, are made and accounted for in the financial statements:

Loans writtEn off

The write off of loans, if necessary, are charged against the provision for loan losses' Loans

within their maturity period are classified as "current loan". Loan which remains outstanding

over a year of their maturity period is considered as" Bad loans".

Loan recovery efforts for delinquent loans over two years have been taken but loan collectability

has proved extremely difficult. The list of such loans is presented to Governing Body for write

off approval. Generally loans are written off twice a year. Any collections realized from loans

previously written off are credited to the statement of income and expenditure.

Loan to beneficiaries

SAJIDA's activities include providing micro-finance loans to group members without collateral,

on a service charge basis under various programs. Loans inclusive of service charge are stated

net ofprovision for loan losses.

This represents various loans outstanding with the clients in the following categories:

Micro credit

SAJIDA's micro-credit is implemented through a group model whereby members form groups offive and subsequently form centers composed of roughly six groups. Center meetings are held

each week by field/credit officers (F/CO). At such meetings, members can submit loan

applications, make loan repayments and deposit savings. Target families are identified on the

basis of sex, age and household income, after which interested persons are invited for group

discussions regarding SAJIDA's micro credit products and regulations.

Jagoron Ioan

This is to allow rural and urban people to finance their economic activities. Jagoron Loans are

working capital loans given to poor and disadvantaged households. Jagoron loan ranges up to

Tk. 49,000 are given for refund within one year and service charge 25% - 27Yo (declining rate)

per year.

s.02

Loan classification Days in arrears Provision required (7o)

Regular Current (no. arrears) I

Watchful 1-30 5

Sub-standard 31 180 25

Doubtful 181 - 365 75

Bad Over 365 100

t2

Agrosor loan

Available to both men and women, the micro-enterprise program provides services on either a

group or individual basis. Most members are recruited through surveys, with the majority ofloans given on an individual basis. A small number of micro-credit member's graduate from the

micro-credit program to become micro-enterprise program members. Subsequently more

emphasis will be put towards such members. The micro-enterprise program seeks members who

would like to expand their businesses; the loan amount is not intended as start-up capital.

SAJIDA seeks members with a minimum of 2 years business experience, a visible venture and

those who have scope to generate employment opportunities. ME loan ranges from Tk. 50,000 to

Tk. 1,000,000 are given for refund within one year and service charge 25% - 27o/o (declining

rate) per year,

Sufolon loan (Seasonal and agriculture)

This loan is exciusive for agriculture, enterprise, livestock etc. activities and is designated to

increase theTarm and business activities. The seasonal loan also enhances "Social food security

net" of the households. Seasonal loan ranges up to Tk. 60,000 are given for Agri Production.

Repayment within 3-9 months and service charge 25% - 27Yo (declining rate) per year.

KGF-Sufolon loan

This loan is exclusive for agriculture, enterprise, livestock etc. activities and is designated to

increase the farm and business activities. The seasonal loan also enhances "Social food security

net" of the households. Seasonal loan ranges up to Tk. 60,000 are given for Agri Production.

Repayment within 3-9 months and service charge 25% - 27%o (declining rate) per year.

Buniad loan

This loan is exclusive for ultra poor beneficiaries. The ultra poor loan ranges from Tk.10,000 to

Tk.50,000 are given for refund within one year and service charge 20o/o (declining rate) per year.

Disaster loan

This loan is intended to reduce the effect of shocks to the beneficiaries' financial and physical

assets immediately after natural disasters. The disaster loan ranges from Tk. 2,000 to Tk. 5,000

are given for refund within one year and service charge 8% (declining rate) per year.

Education loan

This loan is exclusive for education of beneficiaries' children. The education loan ranges up to

Tk. 25,000 are given for refund within ten month and service charge 25% - 27Yo (declining rate)

per year.

Family loan

This loan is exclusive for purchase of furniture, electronics goods and marriage ceremony offamily members. The Family loan ranges up to Tk.30,000 are given for refund within two years

and service charge 25% -27o/o (declining rate) peryear.

13

Festival loan

This loan is exclusive for festival celebration of religious festival and bangla nababarsha. The

festival loan ranges up to Tk.10,000 are given for refund within four month and service charge

25% - 27% (declining rate) per year.

Emergency loan

This loan is exclusive for emergency treatment

Tk.15,000 are given for refund within three to

(declining rate) per year.

Health loan

purpose. The emergency loan ranges up tosix months and service charge 25% - 27%

This loan is exclusive for health treatment, various operation, long term treatment and treatment

for domestic animals. The Health loan ranges up to Tk.15,000 are given for refund within three

to six month'and service charge 25% - 27Yo (declining rate) per year.

Service holder loan

This loan is exclusive for Service holder for purchase home appliances. The Service holder loan

ranges up to Tk.1,00,000. Repayment within I-2 year and service charge 25% - 27Yo (declining

rate) per year.

Migration loan

This loan is exclusively disbursed to migrant people for going abroad. The migration loan ranges

Tk. 50,000 to Tk.10,00,000. Repayment within l-2 year and service charge 25% - 27%

(declining rate) per year.

5.03 Policy on savings collection

There are three types of member's savings:

Compulsory savings

SAJIDA's Microfinance Program has a mandatory savings provision, with a view to facilitating

and encouraging savings by Center Members/ Individual Member. The interest rate on mandatory

savings is 6Yo. Savings amounts are decided at the center level with a minimum weekly savings

requirement of Tk. 75. Each center members deposits a minimum of Tk.75 in a weekly meeting.

During the first loan period members are unable to withdraw savings. For consecutive loans

members are eligible to withdrawal savings as long as they maintain a savings balance of 7.5o/o ofthe loan amount. This savings is to be mentioned in the pass book, Subsidiary Ledger, General

'@tuallY/seParatelY'l4

While SAJIDA's Micro credit program is collateral free, a minimum savings of 2.5%o of the loan

amount is required for the first loan period. A minimum saving 7.5oh of the loan amount for all

subsequent loans.

The savings can be withdrawn if following incidents happen:

1. Death of the member

2. Disabilities of the member by accident'

3. Death of principal earning member of the family.

4. Suffering from incurable diseases

5. Marriage of daughter etc.

The entire amount of savings deposits of a center member or individual will be refunded when the

member retires or is terminated from membership.

Voluntary savings (Samriddhi)

SAJIDA implemented an optional savings program called Samriddhi. The interest on this program

is 8% annually, compounded monthly. The special savings account is like a current account.

Beneficiaries can save monthly one time or withdraw the amount on demand. This savings stands

for those who deposit voluntarily beyond their regular savings. The minimum depositing amount

of this fund is Tk.200 and maximum depositing amount is Tk. 10,000. This special savings is to be

mentioned in the pass book, subsidiary ledger and general ledger individually' While refunding

the special savings the beneficiaries have to come to office and complete the required process for

withdrawal.

Voluntary savings (Astha)

SAJIDA offers another voluntary fixed deposit savings product called Astha. It is tied up with life

insurance coverage. The interest rate of Astha savings is 10%.

5.04 Grants/Donation accounting

Grants are recognized as income in accordance with Bangladesh Accounting Standard (BAS) 20,

"Accounting for Government Grants and Disclosure of Government Assistance", over the

periods necessary to match them with the corresponding costs as incurred.

Income from donor grants is recognized when conditions on which they depend have been met.

Substantially, SAJIDA's donor grants are for the funding of projects and programs, and for these

grants, income is recognized to equate the expenditure incurred on projects and programs. For

donor grants which involve funding for fixed assets, grant income is recognized as the amount

equivalent to depreciation expenses charged on the fixed assets concerned. All donor grants

received are initially recorded atfair value as liabilities in Grants Received in Advance Account.

For grants utilized to purchase fixed assets, the donor grants are transferred to deferred income

accounts whilst for grants utilized to reimburse program-related expenditure, the amounts are

recognized as income. Income recognition of such grants follows that of cash-based donor grants

and would thus depend on whether the grants are to be utilized for the purchase of fixed assets or

spent as program-related expenditure. For ongoing projects and programs, any expenditure yet to

be funded but for which funding has been agreed upon at the end of the reporting period is

recognized as grant receivable.

15

5.05 Provision for liabilities

Provisions for liabilities are recognized when SAJIDA has a present obligation as a result of apast event and it is probable that an outflow of resources embodying economic benefits will be

required to settle the obligation, and a reliable estimate of the amount can be made. Provisions

are reviewed at each balance sheet date and adjusted to reflect the best current estimate. Where

the effect of the time value of money is material, the amount of a provision is the present value ofthe expenditure expected to be required to settle the obligation.

Investments

Investments are accounted for at cost. No provisions were made in respect of impairment of such

Investment.

Investment in FDR & interest income recognition

lnterest earfied on investment in Fixed Deposit Receipts (FDR) before maturity date is

recognized as income an accrual basis. When FDR reached in maturity date, Investment in FDRs

debited and receivable interest is credited.

Inventories

Retail inventories are stated at cost. Cost is determined using the weighted average basis. The

cost of inventories includes expenditure incurred in acquiring the inventories and bringing them

to their existing location and condition. Provision is made for obsolete or slow moving items, to

reduce their carrying amounts to net realizable value. Inventories are measured at the lower ofcost and net realizable value. The cost of inventories comprised all cost of purchase, cost ofconversion and other costs incurred in bringing the inventories to their present location and

condition.

Expenditure is recognized at the moment when such inventory is delivered or consumed;

obsolete inventories are written off. In case of write off of inventories; such amount is recognized

as an expense in the period.

Motorcycle loan

Motorcycle loan can be provided to staff to expedite the field work and project implementation

of SAJIDA with the approval from the approval committee. The concerned staff has to be a valid

license holder if he/she wants to avail this loan. The amount of loan, duration of loan, number ofinstallments etc. is to be decided by the approval committee. The motorcycle has to be registered

under the name of the SAJIDA Foundation.

SAJIDA Foundation provides the motorcycle allowance to staff. The amount of motorcycle

allowance is based on the mileage run verified from the log book of each loanee. The motorcycle

allowance is Tk. 4.00 per KM, Tk. 400.00 to 500.00 for monthly maintenance and provided to

the respective staff in the following month.

If any staff resigns or retires or terminated before paying all installments, he will have to hand

fficycletoSAJIDAFoundation.IfthelifeofMotorcycleexceeds3years,thestaffw/

5.06

s.07

5.08

5.09

may pay all the rest of the installments, the authority will hand over the motorcycle to the

concerned staff. If the staff pays all the installments, the authority will hand over the motorcycle

to the concerned staff. The cost of providing motorcycle loan to staff is recovered through

monthly salary deductions.

5.10 Micro insurance

Micro insurance is a comprehensive micro-insurance program established by SAJIDA in 2006 to

provide social protection and security to its members and their families. It addresses basic

lifecycle needs of the poor such as health and education and protects against various risks and

disasters that they face in their daily lives.

SAJIDA's Microinsurance program is mandatory for SAJIDA's microfinance members. A

premium of BDT 250-1,050 based on loan disbursement amount is paid annually and is adjusted

each year in order to ensure financial viability. Premiums are based on a family of 5, extended

family members are excluded. An additional fee is charged for the inclusion of additional family

members.

Work safety net Insurance

SAJIDA Foundation, in coalition with Milliman, a renowned international actuarial and consulting

firm, has designed a microinsurance product for employees of its microenterprise borrowers. This

product offers fixed cash benefits under life and health insurance. It also covers a part of

employee's wage in case of an accident encountered at workplace resulting in taking time off from

work. The product is not mandatory for microenterprise borrowers. An annual premium of BDT

260 is shared between employer (50%) and employee (50%).

Cattle Insurance

Livestock insurance is mandatory for cattle loan borrowers who are participating under the Beef

Fattening Project, whereby a guideline must be followed during purchase of the cattle. Enrollments

are compulsory and the premium is collected during loan disbursement. Claims against sickness,

natural disaster and accidents will be paid, while claims against cattle theft or unnatural death will

not be covered. The premium is BDT 100 plus 0.70% of loan amount against which 85% loan

amount is waived upon death of the cattle.

Insurance term definitions

Earned premium is the portion of written I paid premium that is actually earned over an

accounting period. For example if Tk. 120 premium is paid at the beginning of a month for a

coverage period of I year, then every month l0 taka is earned overthis coverage period.

Unearned premium is the portion of written I paid premium corresponding to the time period

remaining on an insurance policy, hence it has not been earned yet by the insurer.

Incurred claims are claims that have actually occurred based on event date. Outstanding claims

are claims that have incurred but not yet been settled by the insurer either because the claims

have not been reported yet or because they have been reported and are in process ofbeing settled

or paid.

t7

5.11

5.12

Reserves need to be set aside for these components, which are future cash flows of the insurer.

Therefore Unearned Premium Reserve (UPR) and Outstanding Claim Reserve (OCR) at the end

of an accounting period are calculated as follows:

UPR (close) : UPR (open) * written / paid premium - earned premium

OCR (close) = OCR (open) * incurred claims - paid claims

Insurance accounting

Cash flow statements will show premiums and claims on a paid basis. Income statement willshow premiums and claims on an accrual basis i.e. earned premium and incurred claims balance

sheet will show reserves UPR and OCR as liabilities since these are future cash flows that need

to be set aside as liabilities.

SAJIDA Foundation has decided to introduce reserves to its Accounts statements for the

Nirapotta program. The assumption is that all premiums have been earned until June 2012 and all

incurred claims have been paid until June 2015. Starting from fiscal year July 2014, premium &claim calculitions and accounting is being done according to actuarial standards, as described

above.

Disaster management fund

SAJIDA makes provisions for Disaster Management fund, on the basis of lo/o of service charge

for each quarter. The fund is held as a provision within 'Current liabilities', and is not externally

funded. The fund is created by Branch office and transferred to head office. Head office invests itinto FDR. The fund is initiated with the aim to provide financial assistance or rehabilitation or

mitigate any other situation or natural calamity/devastation.

Employees' provident fund

SAJIDA maintains recognized contributory provident fund for its eligible permanent employees.

The fund is operated by the Board of Trustee. All confirmed employees are contributing l0% oftheir basic salary as subscription of the fund. SAJIDA also contributes equal amount of the

employees' contribution to the fund each month. Interest eamed from the investment is credited

to the employees' accounts on a yearly basis and this fund is audited every year by a Chartered

Accountants Firm.

5.13 Employees' gratuity fund

SAJIDA makes provision for an Employee Gratuity fund, on the basis of two months basic salary

for each completed year in employment (based on basic salary of the last month). Gratuity is

disbursed upon retirement or resignation of employees provided the employee has completed five

years service at the rate of one month's basic salary last drawn for each completed year ofservice. After the employee has completed Seven years uninterrupted service the gratuity is

disbursed at the rate of one and half month basic salary for each completed years, based on the

final salary drawn. After the employee has completed Ten years uninterrupted service the

gratuity is disbursed at the rate of two month basic salary for each completed years, based on the

final salary drawn.

18

5.L4 Staff security fund

SAJIDA has created a Staff security fund to cover the risks of death, accident or deprivation ofeye-sight. SAJIDA sets aside monthly amounts equivalent to l%o of the basic salary ofemployees, to constitute the staff security fund to cover the risk of death, accident or deprivation.

This fund is to cover liabilities arising out of death and other permanent injuries suffered by the

employees. It is held as a provision within Current Liabilities' as depicted in Note 22, and is not

externally funded.

5.15 Accommodation facilities for staff

SAJIDA provides free accommodation facilities to microfinance staff. In this cases of inability to

provide free accommodation an allowance is provided @ Tk. 500 for Field /Credit

officer/Accounts and Tk. 1,000 will be considered for Branch Manager per month.

5.16 Incentive for microfinance program

SAJIDA provides incentive for regular Microfinance staff. Monthly incentive paid on the basis

of performance.

5.17 Staff savings scheme

SAJIDA Foundation has introduced a Savings Scheme for staff of SAJIDA Foundation. This

Scheme called "Staff Savings Scheme". It has been started from July-2011. All level of staffs

may avail this Scheme. The term of Scheme is 5 to 10 years. Scheme starts from Tk. 250

(multiple) to maximum Tk 5,000. This Scheme will be helpful for family members of staff at the

time of family crisis, in absence of staff.

5.18 Housing loan facilities to staff

SAJIDA provides housing loan to regular staff. This loan can be provided to staff by the loan

approval committee. One can apply for this loan after completion of 5 years tenure of service. A

regular staff is allowed to avail that much amount which is maximum 30 months' equivalent total

salary. The duration of this loan repayment will be maximum 12 years or up to retirement period

which even is earlier. Service charge is l\Yo (declining rate) per year.

5.19 Special advance salary

SAJIDA provides special advance salary to regular staff to overcome the medical treatment,

natural disaster, arising out of death of any family member. One can apply for this loan after

completion of at least 6 months membership of Provident fund. A staff is allowed to avail that

much amount which is maximum 5 months'equivalent total salary" The duration of this loan willbe maximum 12 months.

Taxation and VAT

Under the Income Tax Ordinance (ITO), 1984 as amended, SAJIDA is subject to taxation for

some of its projects and House Property. As per 6th Schedule, Part-A, para-lA of ITO 1984,

Income from Microfinance activities is tax exempted. SAJIDA submits its return for tax for the

organization as a whole SAJIDA and TN Number is 013-400-0014/Circle 101 (Companies)

Dhaka.

r9

5.20

Under the Value Added Tax (VAT) Act.1991, VAT Registration Number is, for Head Office

18021000016 for Keranigonj Hospital90203-9071058432 and for Narayangonj Hospital 90601-

9181023262.

5.21 Borrowing costs

Borrowing costs are interest and other costs that SAJIDA incurs in connection with the

borrowing of funds. Borrowing costs are recognized as an expense in the period in which they

are incurred except where such costs are directly attributable to the acquisition, construction or

production of a qualifying asset, in which case these costs are capitalized as part of the cost ofthat asset. Qualiffing assets are assets that necessarily take a substantial period of time to get

ready for their intended use or sale.

5.22 Financialinstruments

Financial instruments are recognized in the balance sheet when SAJIDA has become a party to

the contractual provisions of the instrument.

Receivables'

5.23

Receivables are carried at anticipated realizable values. Bad debts are written off when identified

and an estimate is made for doubtful debts based on a review of all outstanding amounts as at the

balance sheet date.

Payables

Payables are stated at cost which is the fair value of the consideration to be paid in the future for

goods and services received.

Interest-bearing borrowings

Interest-bearing bank loans, overdrafts and securitized financing are recorded at the amount ofproceeds received, net of transactions costs. For borrowings made specifically for the purpose ofacquiring a quali$ring asset, the amount of borrowing costs eligible for capitalization is the actual

borrowing costs incurred on that borrowing during the period less any investment income on the

temporary investments of funds drawdown from that borrowing facility.

All borrowing costs are recognized as an expense in the income statement in the period in which

they are incurred. The carrying values of these financial instruments approximate their fair values

due to their short term maturities.

Financial risk management

SAJIDA's financial risk management policy seeks to identi$r, appraise and monitor the risks

faced by SAJIDA whilst taking specific measures to manage its interest rate, foreign exchange

and liquidity and credit risks. However, SAJIDA does not engage in speculative transactions or

take speculative positions, and where affected by adverse movements, SAJIDA has sought the

assistance ofdonors.

20

5.24

Interest rate risk

SAJIDA's exposure to interest rate fluctuations is mitigated by fixed interest rate borrowings as

well as fixed interest rates applicable to loans extended to beneficiaries. SAJIDA does not engage

in speculative transactions or take speculative positions on its interest exposure.

Liquidity risk

SAJIDA manages its debt maturity profile, operating cash flows and the availability of funding

so as to meet all refinancing, repayment and funding needs. As part of its overall liquidity

management, SAIIDA maintains sufficient levels of cash or fixed deposits to meet its working

capital requirements. In addition, SAJIDA maintains banking facilities of a reasonable level.

Credit Risk

The credit policy of SAJIDA requires all credit exposures to be measured, monitored and

managed proactively. Exposure to credit risk is monitored on an ongoing basis by the

commercial ventures' respective management teams.

SAJIDA does not have any significant exposure to any individual customer or counterparty.

Other facilities to beneficiaries

SAJIDA provides pass book to beneficiaries for recording their loan and savings related

transactions. During the loan period members are eligible to take the pass book by paying Tk. 5

for each one and Tk. 10 for Loan Application Form. If any member loses the pass book, he will

pay Tk. 10 to take another pass book. The income from selling of pass books is being recognized

as income in tlie Statement of Comprehensive Income in the period in which they are incurred.

SAJIDA's activities also include providing microfinance loans to beneficiaries without loan

processing fee. SAJIDA's activities also include providing microfinance loans to beneficiaries

without admission fee & any other services. At first the beneficiaries will obtain the membership

of micro finance program of SAJIDA. After completion of 8 days membership, the member will

be eligible to take the first period loan. SAIIDA also provides an opportunity of rebate against

service charge if the loan installments are paid in advance.

Statement of cash flows

Statement of cash flows has been prepared in accordance with the Bangladesh Accounting

Standard BAS-7, 'Statement of Cash Flows' under indirect method.

5,26 Prevention of Money Laundering and Terrorist Financing

SAJIDA Foundation fully comply the guidelines of Prevention of Money Laundering

and Terrorist Financing for all the transactions. SAJIDA Foundation made through bank

transfer and A/C payee cheque. A part from Banking channel SAJIDA Foundation does

not use any other channel to transfer money.

5.27 General

year's presentation.

5.25

2l

Amount in Taka30 June 2015 I 30 June 2014

6.00 Property, plant and equipment

Opening balance cost

Add: Acquisition during the year

Less: Adjustment during the year

Property, plant and equipment at cost

Less: Accumulated depreciation as on 30.06.14

Less: Depreciation charged during the year

Less: Adjustment during the year

Accumulated depreciation as on 30.06.15

A schedule ofproperty, plant and equipment is given in Annexure-A

7.00 Capital work in progress (Building ) :

Opening balance

Add: Purchased during the year

Less: Amortization during the year

8.00 Intangible asset (Software)

Opening balance cost

Add: Acquisition during the year

Intangible asset at cost

Less: Amortization as on 30.06.14

Less: Charged during the year

Amortization as on 30.06.15

Opening balance

Add: Addition during the year:

Add: Building renovation and surgical instrument expenses

Less: Amortization during the year

2,397,610 s,r17 ,r57415,399,725 251,347,363

25r,347,363

166,449,972

93,021,117

19,601,287

143,284,826

113,179,694

74,924,574

22,125,645

2,l5l,t8l 4,029,102

110,471,223 93,021,117

_____!q2?qfg2_ _____rnsx_!!_

17,880,384

17,880,384

5,806,1 50

1,414,520

7,220,670

5,060,246

745,904

5,806,150

5,107,081

921,942

4,448,564

658,5 l76,029,023

------JJel{47-

5,107,081

A schedule ofintangible asset is given in Annexure-B

SAJIDA Foundation purchased Accounting Software for automation of financial transaction processes of itsaccounting data in a systematic way to ensure required control at head office, MF branch office and other socio

development program. It is amortized yearly on the basis of l/3 of addition during the year.

9.00 Deferred expenditure

t,546,456

812,810

1,154,639

1.834.680

(1,205,832) (1,442,863)

1,153,434 1,546,456

SAJIDA Foundation is maintaining two hospital in rental building one at Keranigonj and another at Narayangonj.

Due to requirement of hospital operation, renovation work and surgical equipment needed in every year. Yearlyrenovation expenses considered as deferred expenditure as per management decision. Amortize yearly on the basis

of 1/3 ofaddition during the year.

10.00 Investment in Renata Limited

Shares at cost 32,546,389 32,546,389

-3ZFAm89-

-----]ESil63FF_

SAJIDA Foundation purchased 2,155,390 shares of Tk. 10 each of Renata Limited from Pfizer Corporation for Tk.

32,546,389 (Tk. I 5. 1 0 per share) vide agreement between Pfizer Corporation and SAJIDA Foundation dated 07 July

1993. As at 30 June 2015 SAJIDA Foundation holds total 27,006,065 shares including24,850,675 bonus shares

received to date. Market value ofsuch shares on 30thJune 2015 is Tk.26,979,058,935 (Tk. 999 per share).

22


11.00 Investment in FDR, PSB and share

Opening balance


Less: Encashment during the year

Post office savings bank

Fixed deposits

Security market

11.01 Post office savings bank

Opening balance



Post office savings bank

PSB savings fund

PSB loan loss provision fund

Opening date

Interest rate

Upper limit of investment

Amount invested

Term

Application date for withdrawn of money

272,642,900

164,755,530

234,653,724

323,712,634

(189,374,774) (285,723,4s8)

248,023,657 272,642,900

(Note: 11.01)

(Note: I1.02)(Note: I1.03)

4,040,000

237,330,754

6.652,903

4,040,000

258,534,754

10,068, r46

248,023,657 272,642,900

4,040,000 4,040,000

4,040,000 4,040,000

2,020,000 2,020,000

2,020,000 2,020,000

______4gqq9_ ______l{19{99_

Sajida Foundation invested an amount of Tk. 4,040,000 in Post Office Savings Bank (POSB) Account broken down

as Members savings fund account Tk. 2,020,000 and Loan Loss Provision Fund Account Tk. 2,020,000 respectively

in Dhaka GPO. Details of the investment in savings bank account and its subsequent results are given below:

16-05-1995

10.50 - 12.50 o/o annuallyTk. 1,200,000 (As per rule 36-8 (c) of POSB rules, Sajida

Foundation is not such t)?e ofinstitution for which the upper

limit of investment is not applicable)

Tk.4,040,000 (Taka forry lac forty thousand only)After every 3 (three) years interest will be capitalizedautomatically.

12-09-2005 and 24-07-2006 and response from concerned

GPO authority was that the upper limit of investment forSajida Foundation is Tk. 1,200,000 and rest amount will be

retumed to Sajida Foundation without interest.

SAJIDA Goveming body has taken necessary legal action by submitting written petition in Supreme Court ofBangladesh high court division against GPO. Honorable court has given a judgment dated 19.8.2010 to pay SAJIDAprincipal amount with full interest. GPO has submitted a Leave to appeal against the honorable court order. SAJIDAGoveming body has decided to continue with legal action.

23


11.02 Fixed deposits:

Opening balance



Fixed deposits:

Members'savings


Gratuity fund

Scholarship fund

Surplus fund

Insurance fund investment

Details of investment in fixed deposits shown in Annexure- C

11.03 Security market

Opening balance



12.00 Third party loan

Opening balance

Add: Paid during the year

Less: Realized during the year

13.00 Loans to members

Opening balance



Less: Write-off

14.00 Motorcycle loan

Opening balance



15.00 Advances, deposits and prepayments

Employees and suppliers

Office rent

Security deposits

16.00 Advance income tax

Opening balance


Less: Adjusted during the year

10,068,146

5.616,512 59n,r52

t:+z.oo:l tzg+.6+ol5,616,512

2,599,214,559 2,077,217,373

4,891,605,000 4,635,013,000

(4,646,389,416) (4,101,161,2s0)

(10,037,654) (1 1,854,564)

2,834,392,489 2,599,214,559

258,534,754

164,755,530

185,959,53 I

__ 237_,3307sL_

127,464,763

31,215,941

300.000

56,575:,77e

21,774,271

230,613,724

313,644,488

285,723,458258,534,754

99,905,569

28,525,326

41,463,602

300,000

52,716,882

35.623,375

237,330,754 258,534,754

10,068,146

3,415,243

6,6yrw

10,068,146

19,408,716

31,599,126

(27,684,619)

____ 23,323223_

29,905,657

19,574,117

403,850

20,400,009

17,180,672

( I 8, l7 1,965)

19,408,716

I 5,258, r53

23,447,313

403.100

49,883,624 39,108,566

25,273,448

16,485,014

13,308,578

tl,964,870

24

41,758,462 25,273,448

Amount in Taka

30 June 2015 I 30 June 2014

17.00 Grants and accounts receivables

Interest on fixed deposits

Grant receivables

Interest receivable ofhealth program Loan

Other receivables

18.00 Inventories

Stock of medicine

Optical frame

Cash and cash equivalents

Cash in hand

Cash at banks -

Capital fund

Opening balance

Add: Net surplus for the year

Add: Prior years adjustment (Short provision)


21.00 Reserve fund

Opening balance

Add: Transferred from fund account

22.00 Grants received in advance

Grant advance-foreiga donationGrant advance-other than foreiga donation

22.01 Grant advance-foreign donation

Opening balance

Received during the year

Adjustment during the year

Bank interest received

Other income

Sale ofproperty, plant & equipment

Less: Transferred to grant income

3,601,325 1,867,s36

35,690,903 25,659,122

5,120,556

26,969,022

7,392,033

16,399,553

4,103,341

8l,100215,539

3,640,624

19.00

3,856,163 4,184,441

5,445,568 4,948,657

112,235,511 282,119,704

L17,681,078 287,068,361

718,470,401

173,05 1,106

10,947,446

550,932,059

176,282,274

353,356

(6,984,629) (9,097,288)

895,484,324 718,470,401

54,454,486 43,178,784

9,664,949 11,275,702

64,119,435 54,454,486

In compliance with MRA rules No.20 Page no. 421, SAJIDA Foundation makes reserve 70o/o of cumulative

Microfinance Program surplus of cut off date and invest in FDR against the reserve fund.

(Note: 22.01)

Q.{ote: 22.02)

(Note: 30.01)

2,930,010

12,637,4422,988,121

10,344,47415,567,452 13,332,595

2,988,121

33,876,473

26,989

101,129

135,577

(42,612,740)

(361,185)

2,201,384

39,979,963

80,695

95,496

(37,927,623)

(23 1,910)Less: Fund used for property, plant & equipment for the year

Less: Fund transferred to SOF

Less: Last year grant receivable adjustment

Add: Receivable as on 30 June 2015

(5,845,636)

8,775,646

4,198,005

(1,209,884)

2,ggg,l2l

(5,845,636)

25

2,930,010 2,988,121


22.02 Grant advance-other than foreign donation

Opening balance


Less: Transferred to gant income

24.00

Gratuity & gratuity reserve fundStaffeecurity fundMotor cycle insurance fund

25.00 Term loans

Palli Karma Shahayak Foundation (PKSF)

Loan from bank

Less: Fund used for property, plant & equipment for the year

Less: Transferred to DIISP program for the Year

Less: Last year grant receivable adjustment

Add: Receivable as on 30 June 2015

Project was breakup is as below:

Poor fundScholarship fundZakat fundDurud sharif fundAmrao manush

A.Manush-Maniknagar fu nd

Relief tundAdhunikaSavar tragedy fundPKSF-prime project

Samridhi project

Microinsurance-DllSP project


Opening balance


Interest income during the year

Adjustment during the year

Other fund

Opening balanceAdd: Received during the year

Less: Payment during the year

3,729,318

38,526,951

(42,118,070)

(e)

(303,678)

(5,555,935) (165,489)

- (5,889,s92)

(5,555,935)

18,193,376

(6,055,081)

l 6,399,553

12,637,442 10,344,473

10,344,473

12,325,632

(28,226,040)(Note: 30.02)

(Note: 25.01)(Note: 25.02)

270,577 857,600

12,637,442 10,344,474

117,844

338,448

26,60033,632

178,7043,329,604

8,665

61,000

2,191,437

33,0736,047,858

217,997

344,50023,500

213,837

3,033

842,590

8,665

41,000

2,19t,4372,912,457

2,687,858

22,194,744

5,585,790

2,285,968

41,872,07020,917,5r1^

30,066,502

6,259,564

2,589,135

58,663,6131,876,436

(54,937,783) (4,125,968)___wzT______58_;6616r.

4,373,237

54,365,46r3,3 16,550

981,602------s8I6I6it-

1.229.029

987,333,330 1,100,666,663

270,000,000 3s4,620,836

26

1,257,333,330 1,455,287,499

Amount in Taka

J0 June 2015 I 30 June 2014

25.01 Palli Karma Shahayak Foundation (PKSF)

Opening balance

Add: Received during the year

Less: Repayments during the year

Analysis of term loan is as follows:

Repayable within 12 monthRepayable within 24-36 month

25.02 Loan from bankOpening balance

Add: Received during the year

Less: Repayments during the year

Standard Chartered Bank Ltd.Loan from HSBC Bank Ltd.Loan from BRAC Bank Ltd.Bangladesh Bank under Grihayan Tahbil

Bank Alfalah Ltd.Bank Asia Ltd.Eastern Bank Ltd.Jamuna Bank Ltd.

r,100,666,663520,000,000

(633,333,333)

930,333,333

680,000,000(s09,666,670)

1,100,666,663

Borrowing from Palli Karma Sahayak Foundation (PKSF)

Jagoron, Agrosor, Sufolon loan (Seasonal and agdculture) and KGF-Sufolon loan are taken from PKSF and the

duration of this loan is three years with aErace period of six months. The loan is repaid to the Funding agency on

quarterly basis with a declining balance method of interest @ 8%. Sufolon loan is taken from PKSF and the duration

of this loan is ten months. The loan is repaid to the funding agency in a single installment with interest of 8%.

Buniad loan is taken from PKSF and the duration of this loan is two years. The loan is repaid to the funding agency

on yearly basis with a declining balance method of interest of 1oZ.

354,620,836640,000,000

(724,620,836)

442,015,525

370,000,000

270,000,000

r 00,000,000

70,000,000

100,000,000

70,000,000

256,6689,364,168

100,000,000

75,000,000

t00,000.000____l70r00Ioo__ _____=e$frsr{

Borrowing from Standard Chartered Bank Ltd.

Agriculture, Seasonal and Rural Micro Credit (RMC), Urban Micro Credit (UMC) and Micro Enterprise (ME) are

taken from Standard Chartered Bank Ltd. and the duration of this loan is three years with a grace period of three

months. The loan is repaid to the funding agency on quarterly basis with a declining balance method of interest of

9.5%.

Borrowing from HSBC Bank Ltd.


taken from HSBC Bank Ltd. and the duration of this loan is three years with a grace period of three months. The loan

is repaid to the funding agency on quarterly basis with a declining balance method ofinterest of9.5%o.

Borrowing from BRAC Bank Ltd.


taken from BRAC Bank Ltd. and the duration of this loan is three years with a grace period of three months. The

loan is repaid to the funding agency on quarterly basis with a declining balance method of interest of 9.7 5%.

997,333,330 1,L00,666,663

584,000,00r403,333,329987,333,330

591,999,999

508,666,664

27


26.00 Deferred income

Opening balance

Add: Fund used for propefty, plant & equipment for the year

Less: AmortizationLess: Adjusted with A.M. UPPRP to A.Manush

27,00 Loan loss provision

Opening balance

Provision made during the year

Add: Adjustment during the year

Less: Adjustment with other income

Less: Written offduring the year

28.00 Members' savings deposits

Opening balance

Deposits duringthe year

Withdrawals during the year

Interest credited

29.00 Micro insurance & nirapotta

NirapottaMicro insurance

29.01 NirapottaOpening balance

Add: Premium received during the year

Less: Claim paid

1,599,088

1,231,783(r,53 1,680)

77,613,734

61,649,189

(5 18,936)

1,017,188, l0l940,964,208

(775,789,884)

(Note:29.01)(Note: 29.02) 29,979,410

29,979,410

1,699,990

629,331(2,329,321)

l,2g9,l9l 1,599,088

2,184,001231,919

(776,433)

(10,037,654) (l 1,854,564)

128,706,333 77,613,734

58,465,167

31,071,222

(68,091)

740,862,934742,275,7r0

38,501,3 l4

1,699,990

25,261,77026,961,760

519,566

1,877,327(696,903)

--1"69-9m-

6s,702,237 (504,451,857)

1,248,064,662 1,017,188,101

28


29.02 Micro insurance

Unearned premium:

Opening balance

Add: Premium received during the year

Less: Adjusted during the year transferred to current liabilities

Other current liabilities

Accounts payable

Provision for expenses

Provision against Interest on Savings

Security deposits

Loan with provident fundLoan with staff savings scheme

Loan with gratuity fundVAT & income tax

25,261,770

53,005,1 l9(48,287,479)

29,979,410

16,222,062

48,229,977(39,r90,269)

25,261,770

30.00

13,292,343

8,202,9139,919,965

626,277

2,870125,250

8,482,869

8,364,702

5,595,93 8

2,576,324116,277

3 16,13 I606,250

81-38417,657,006

223.215

Amount in Taka2014-2015 I 2013-2014

31.00 Donor grants

Donor grants- foreigr donationDonor grants-other than foreign donation

31.01 Donor grants- foreign donationTransferred from grants as expenses

Bank interest received

Other income

Amortization of defened income-investment in PPE

Loss on investment in fixed assets

31.02 Donor grants-other than foreign donation

Transferred from grants as expenses

(Note: 21.01)

(Note: 21.02)

32.00 Forms, pass book& othersInterest on staffloanSale ofpass books & admission fees

Project overhead & others

Day care, night shelter fee, bathing, cooking & locker fee ofAmraoManush program

Board member subscriptionCounseling fee

Course fee

Vocational training incomeProfit on sale of motor cycleHealth service other fee

Technical service fee

Training fee

Visa verification fee

Health progam other income

Subscription

Interest on health loan

28.226,040 42,1t8,070

_____23 ?26 W_ _______A,l$,079_

(Note:31.01)(Note:31.02)

43,040,500

28,226,04038,568,26s42,118,070

-7aZ66SN

----T0FB6FE-

42,612,740(97,745)

(135,577)

661,082

---------------43,040,500

37,927,623(80,694)(9s,496)

776,433

40,39938,568,265

1,708,078

3,457,3501,300,045

368,386

2,500

r,189,534262,221

1,192,185

6,700250,789146,091

154,260

32,300773,941

1,812,397

2,213,5201,039,823

413,228

1,030,177

2,372,000

I 15,945

903,835

69,454

763,054

143,920

2,800

36,357

29

------mFA4JB-r-mp16FI0-

Amount in Taka2014-201s I 2013-2014

Non-cash items

Loan loss provision expenses

Disaster management fund expenses

Amortization on deferred expenses

Amortization on accounting software

Depreciation(Gain)/loss on disposal ofproperty, plant & equipment

Assets disposaVaccumulated depreciation

31,071,222.00

5,585,790.00

1,442,863

658,5 17.00

22,125,645(3,001)

271,238

---8e"8668-zs --AMfrT

61,649,1896,259,s641,205,832

921,94219,601,287

56,154

173,007

30

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SAJIDA FoundationSegmental Statement of Financial

Position:as at 30 June 2015

ASSETS



Capital work in progress (Buildings)

Intangible assets (Software)


Investment in Renata LimitedInvestment in FDR, PSB and share

Third party loan

Current assets

Loans to members

Motorcycle loan

Advances, deposits & PrePaYmentsAdvances against income tax

Grants and account receivables

Inventories

Cash and cash equivalents

TOTAL ASSETS

FUND AND LIABILITIESFunds

Capital tundReserve fundGrants received in advance

Disaster management fund (DMF)

Other tund

Non-current liabilitiesTerm loans

Defened income

Loan loss provisionMembers savings deposits

Current liabilitiesMicro insurance & nirapotta

Other current liabilitiesInter project account

TOTAL FUND AND LTABILTTIES r:s23oa.iss 3,130,450,822 342,970,443 269,707,018 41,638,027 43'569,374

Microfinance Socio-Economic Activities

1lt5 2/15 3/15

MF (PKSF & Non-PKSF) Saiida Own Fund Health Program

20rs I zot+Taka I r*u

20ls I 2014Taka I r*u

20ls I 2014Taka I r*u

.5186209

27,054,136r4,574,740

1,055,7-97

215,883,166

28,647,327

646,8r9

:179,939,040

256,96s,5453,305,644

31,350

32.546.3896,952,9035.274.509

108,399,083

52,250

32,s46,;8g87,455,123

5.616,512

18,806,232

83,6001,137,7_27

18,514,471

t,5r5,042

2,675,43921,343,644

3,166,394

2,599,214,55919,307,71618,962,1983,659,385

21,809,343

1,432,57635,192,940

324,456

2,834,392,48923,234,22333,194,955

5,954,39020,886,410

41,146,928525,464,10958,384,901

6,080,931

30,552,359

462,602,4515r,400,2726,457,915

30,066,502

1,455,287,499

77.613,734

1,257,333,330

128.706,333

2 28.201.111 2.371.680 (13,550,601 ,959

27,669,002(2.813.190

r,699,99014,617,009l 1.884.1 l2

6,484,[email protected]

175,r23fi3.725.724.,,

2,271,9_59 1,605,840

I

35



ASSETS



Capital work in progress (Buildings)Intangible assets (Software)

Defened expenditure

Investment in Renata LimitedInvestment in FD& PSB and share

Third party loan

Current assets

Loans to members

Motorcycle loan

Advances, deposits & prepayments

Advances against income tax


Inventories

Cash and cash equivalentsTOTAL ASSETS

FUND AND LIABILITIESFundsCapital tundReserve fundGrants received in advance

Disaster management fund @MF)Other tund



Current liabilitiesMicro insurance & nirapottaOther current liabilitiesInter project account


Socio-Economic Activities

4lt5 5/15 6lt5Education Prosram A. M.Program A.M..UPPRP20ls I 2014Taka I r*u

201s I 2014Taka I r*u

2015 I 20t4Taka I r*u

615.299 9s6 394,309

615,2_99 538,956 394,3_09

697,313 839

zzt,olo

qta;qt

:os,0oo

3,839,435

roo.soa

+oo,ooo

l:oz.izs

6,000

833,606

697,313 1,302 I l5

362 I 807,549

362,689 156,606 807,549

6t

615,299 538,956 $#os

334,624 .243 607,023

34,614300,010

869,2433.500.000

107,023500,000

tz,osl

697Jt3 I 15

36



ASSETS


Property, plant and equipmentCapital work in progress (Buildings)Intangible assets (Software)

Deferred expenditureInveshnent in Renata LimitedInvestment in FD& PSB and share

Third party loan

Current assets

Loans to members

Motorcycle loan


Advances against income taxGrants and account receivables


TOTAL ASSETS


Disaster management fund (DMF)Other fund


Defened incomeLoan loss provisionMembers savings deposits



40,561 699,644 3,531,255 3,097,350 6,298,736 4,273,882

40,561 699,644 3,531,255 3,097,350 6,298,736 4,273,882


7fi5 8/ 5 91 5

Malaria Control Proe.(R-9) A.Manush Savings IHS

20r5Taka

2014Taka

2015Taka

2014Taka

2015Taka

2014Taka

ll 27.738 13.317 I 737 I ,734 1.753,929

22,5_rr 27,7-38

2,413,317 t,248,737

572,027

15,707

t,ooo,ooo

722,5_15

31,414

r,ooo,ooo

18,050 67r.906 1.1r7.938 I 2,519l3

18.050 67r.906

qq,iaa

14,394

1.059,478

26,91721,029

l -800.667

t,2ot,;3g3,512

3,072,806

433.1,45

2,013,1232,631

232,32r

271.878

671 1,867 I 276

18,050 671,906

1,867,239 1,308,868

15.692

4,253,1-65

ro.inll 27,738 t l.

22,511 27,738

t.662.;56 1.786.822

660,460

1,660 1,660 aao,ieo 10,000

37



ASSETS





Third party loan

Current assets

Loans to members

Motorcycle loan





TOTALASSETS







27,333,76625,26r,770

943,363I,l

27,699,099 13,010,793 437,816 1,127,621


l0/15 1 l/15 t2/15

TB Control (R-10) Micro insurance PCSS

20rs I 2014Taka I r*u

2015 I 2014Taka I r*u

2015 I 2014Taka I ra.u

31.874 41.219 21,774,271 355,29

31,8_74 41,2_19

21,774,271 3,000,000

262,9_46 3s5,2_91

14,613 ll I 793

t4,613 936.81 1

73,11698,547

717,377125,599

4.9 1 0,1 89

-

93,82940,720

89,050s41,754

9.245.440

3 1,850

54,000

89.020

2,765

769.s65

46.487 )1 10.793 I 437,816 1,127,621

14,613 936,811 4 973I 103 23,490

t4,613 936,811

(10,907,571)5,734,534

270,577

1382'7

(17,386,387)3,0s4,2_14

9.200

410,5_28

r r.izs 7.966

29,979,4101,594,882

38

SAJIDA FoundationSegmental Statement of FinancialPosition:as at 30 June 2015

ASSETS





Third party loan

Current assets

Loans to members

Motorcycle loan




InventoriesCash and cash equivalentsTOTAL ASSETS



Non-current liabilitiesTerm loansDeferred incomeLoan loss provisionMembers savings deposits

Current liabilitiesMicro insurance & nirapotta

Other current liabilitiesInter project account


48I,092 678,455 1,945,297 1,165,296 4,5Q,04 ,_______ _

161,334

481,092 678,455 1,945,297 1,165,296 4,509,042


13n5 t4lt5 l5115

Adhunika IMPACT CCCP

2015Taka

20r4Taka

2015Taka

2014Taka

2015Taka

2014Taka

r32,562 389,218 775 161

47,380

20,900

-

132,5-62 389,218 5s2,7-75 161,3_34

4t2,812 1 61 I 4 ,708

r:a,0oo4,273

6r,089

209,450

r:s,0oo3,001

404.892

r+o,ooo

836,330

stt.i+s

218,500

394.021

4,038,792

308.916

385,037 6l t0 253,797

324,037

61,000

416,858

202,452 253,797 2,534,658

JE9.2IE 775

78,955 44,091 389,218 552,775 161,334

17,100 I 358,724

rz,ioo 15,054 t,243,5793 12.500

146,724

212.00013,050

1.800.000

39

SAJIDA FoundationSegmental Statement of FinancialPosition:as at 30 June 2015

ASSETS



Deferred expenditureInvestment in Renata LimitedInvestment in FD& PSB and share

Third party loan

Current assets'

Loans to qrembers

Motorcycle loanAdvances, deposits & prepaYments



InventoriesCash and cash equivalentsTOTAL ASSETS







435,279,710 3,717,584,465 3,471,294,785

386.318.863 1.011.32s.837 874,987,597

3,471,294,785

l3

Socio-EconomicActivities(2- 1 5 ) Grand Total (l-15) Grand Total (l-15

Total2015Taka

2015Taka

2014Taka

352 47 ,57z-6

277,874,3663,305,644

135,850

1,153,43432,546,38932,140,491

s.274.509

304,928,50217,880,384

1,191,647

1,153,43432,546,389

248,023,657s.274.509

158,326,246

699.069r,546:,456

32,546,389272,642,900

5.616.512

94JJ,

ss,0oo16,688,669

35,804,07214,804,493

3,856, l 63

I 1.606.630

2,834,392,48923323,22349,883,62441,758,462

35,690,9033,856,163

r17.681.079

2,s99,214,55919,408,71639,108,56625,273,44825,659,1224,184,441

287.068.361

370,020,216 | 89s,484,3250,020,2161 89s,484,325 1 718,470.401

s,734,534 | O+,r D,$5 | 54,4s4.486

9,486,521 1 1s,567,4521 13,332.595

30,552,359 I 30,066.502

r.077.5921 5.602 613

t6,547

1,299,191

1.662.356

1,257,333,3301,299,r91

128,706,3331.248.064.662

r,455,287,499r,599,088

77,613,7341.017.188.101

435,279,710 3,717,584,465

40

SAJIDA FoundationSegmental Statement of Income and

Expenditure:for the year ended 30 June 2015

Dividend contribution to projectTOTAL EXPENDITURENet surplus(deficit) for the year

INCOMEDonor grantInterest on fixed depositsInterest on bank accountsDividend received from Renata LimitedIncome from health programService charge on loan

Forms. oass book & othersInsuranceA{irapotta oremiumSale oforooertv. nlant & eouiomentDividend contribution from SOF

EXPENDITURESalary and allowancesOffice rentTravelling & conveyancePrintingOffice stationeryStaff training & workshopBeneficiaries' training & workshopOverseas conference exposure visitSurvey expensesReserch & publicationFuel & lubricantTelephone billPostage, fax & emailElectricity, water & gas billNewspaper & booksCrockeriesEntertainmentPhotocopyRepair & maintenanceStampAdvertisementInsurance, tax & licensesCleaning goods

Computer accessoriesMedical accessoriesMembership fees

Software maintenanceAuditors'feesLegal fees

Consultancy feeAnnual reportFair, picnic & get togetherDonation & subscriptionBank charge & commissionInsurance claim paymentCommunity healthContribution to ultra-poor expensesDemonstrationProgram suppliesHealth program expensesBashak cultivationAdmission feeOther fund expenses (Note: 33)Other expnditure & overheadBidding costStaffawardHealth marketingAmrao manush program expenses service activityIMPACT program expenses service activityAdhunika program service expensesCCCP program service expensesInterest on borrowed fundInterest on savingsLoan loss provision expensesDisaster management fund expensesReserve fund expensesLoss on motorcycle, bicycle loan & othersLoss on sale ofproperty, plant & equipmentAmortization on defened expensesAmortization on softwareDepreciation

23,5'.70,t7015,401,9596,147,7-t5

625,980,3795,829,677

28.274

40,242,36812,594,259

6,328,2_76

558,594,1904,197,734

tt4,547

719,240t,039,633

83 1,343135,03t,3_77

I,l 16,3 10

rc,iqs

1,778,807I 0,5 l 8,032

510,39886,420,300

1,181,63 5

155,218I

39I7

240,590,08125,126,72013,853,s66

1,86s,0962,308,9955,284,7441,780,3-82

8,0002,219,9663,tt5,623t,67t,4954,083,032

370,525469,527

4,606, I 83

381,8088,189,577

46,702319,671

2,063,486339,733

1,260,097

257.2501,752,282

500,000549,7ttI I 5,000354,288

86,568548,134921,444

I 1,818,618

6,545,;g71,20t,943

194,2_62

4,159,65786,041

2t1,889,23622,2s1,792t2,037,964

1,721,2042,3t8,0704,063, I 885,788,ss I

133"603

2,0$,;n2,975,3021,721,0303.82s.566

319,410301,37t

4,231,t74371,239

8,147,63162,3t3

307,4591,502,227

334,404t,379,58t

17,044261,89s

1,5 19,1 54500,000495,891I 15,000430,2s0

2'.74.0501,032,098

1 1,280,451

16,675,;452,018,528

152,87'.?

284,8593,000

19.02s

3,736,860

71,79939,740

877,286

z r,oos

102,75349,4203,650

66,189250

t42,7611,634

32t,504640

t04,281491,642

10,920

zsa,Tzg100,000305,550787,257

s0,000242,889364,490

65,3 10

719,240t5,2432,000

332,036

2,777,5786,s00

76,453

8,88 1

:8,500

195,77472,t00

1,2052,754

2401,93 8

1 85,3542,493

568,30440

160,829174,339

52010,700

36,575I 00,000545,850728,125

16,30558,00098,2_12

:

116,749,76573,045,8786 l,649,1 89

6,2s9,564

497,190114,t32

817,4427.974.289

108,548,04152,221,62531,071,222

5,58s,790

92.s82tsg"87s

6t6,7 t7t0,t29,996

236

52,250) )14 )fi\

t.778.807

41,8002,267,620

Microfinance Socio-Economic ActivitiesI /15 2/15

MF (PKSF & Non-PKSF) Saiida C)wn Fund20t5Taka

2014Taka

20ts I 20t4Taka I r*u


Expenditure:for the year ended 30 June 20I5


Forms. pass book & otherslnsuranceA.{irapotta DremiumSale oforooertv. olant & equipmentDividend contribution from SOF

trXPENDITURESalary and allowancesOffice rentTravelling & conveyancePrintingOffice stationeryStaff training & workshopBeneficiaries' training & workshopOverseas conference exposure visitSurvey expensesReserch & publicationFuel & lubricantTelephone billPostage, fax & emailElectricity, water & gas billNewspaper & booksCrockeriesEntertainmentPhotocopyRepair & maintenanceStampAdvertisementInsurance, tax & licensesCleaning goods



Consultancy feeAnnual reportFair, picnic & get togetherDonation & subscriptionBank charge & commissionInsurance claim pal,rnentCommunity healthContribution to ultra-poor expensesDemonstrationProgram suppliesHealth program expensesBashak cultivationAdmission feeOther fund expenses (Note: 33)Other expnditure & overheadBidding costStaffawardHealth marketingAmrao manush program expenses service activityIMPACT program expenses service activityAdhunika program service expensesCCCP program service expensesInterest on bonowed fundInterest on savingsLoan loss provision expensesDisaster management fund expensesReserve fund expensesLoss on motorcycle, bicycle loan & othersLoss on sale of property, plant & equipmentAmortization on defened expensesAmortization on softwareDepreciationDividend contribution to project

TOTAL EXPENIIITURENetsrrnrffithevear

\V7

12,758,362 14,418,624 - -

124,474,489 119,876,570 800,684

45,325,8665,979,30t

412,413695,748412,9.79

:3,21t,024

225,8885,730

3,t95,83210,65014, I 08

555 5q0

3t,6674, I 55,065

1,04073,057

306,899495,514411,598

100,000

r s,is r 5,124

43,72r,8-8s 36,593,132

7s,026

zrc,isa

r 10,715,856

773,941

15,634

50,601,2295,981,312

420,575635,59t422,493

13,900

:3,338,521

226,4745,603

3, I 88,5529,670

37,1 80653,92428,753

5,47t,2133,925

25,700288,922377,960397,074642,9-77

100,000

:1,1 50

23,457

8,500

269,3tt

I 04, I 04,;S5

1,065,064

ro,ieo

*,,--.*

2,73864,800

t,427,t56

8.476.101

790,23s

t0,449

472,59432,926

17s,963

7,993I 1,340

2,s00

r,i+o549

85,4554,800

) )10t,190,125

41,8008,303,897


3lt5 4/tsHealth Program Education Prosram

20ts I 2014Taka I taka

lutj I tut4Taka I tat a

I

SAJIDA FoundationSegmental Statement of Income andExpenditure:for the year ended 30 June 2015

Dividend contribution to projectTOTAL EXPENDITURENet surplus(delicit) for the year


Forms. Dass book & othersInsurance/Niraootta oremiumSale of prooertv. olant & eouiomentDividend contribution from SOF

EXPENDITURESalary and allowancesOmce rentTravelling & conveyancePrintingOffice stationeryStaff training & workshopBeneficiaries' training & workshopOverseas conference exposure visitSurvey expensesReserch & publicationFuel & lubricantTelephone billPostage, fax & emailElectricity, water & gas billNewspaper & booksCrockeriesEntertainmentPhotocopyRepair & maintenanceStampAdvertisementInsurance, tax & licensesCleaning goods



Consultancy feeAnnual reportFaiq picnic & get togetherDonation & subscriptionBank charge & commissionInsurance claim paymentCommunity healthContribution to ultra-poor expensesDemonstrationProgram suppliesHealth program expensesBashak cultivationAdmission feeOther fund expenses (Note: 33)Other expnditure & overheadBidding costStaffawardHealth marketingAmrao manush progam expenses service activityIMPACT program expenses service activity

. Adhunika program service expensesCCCP program service expensesInterest on bonowed fundInterest on savingsLoan loss provision expensesDisaster managerlent fund expensesReserve fund expensesLoss on motorcycle, bicycle loan & othersLoss on sale ofproperty, plant & equipmentAmortization on deferred expensesAmortization on softwareDepreciation

16.638,402 t7 ,387,731

17,908

2,076,373 7,22s,621

18,286

8,841,8063,1 86,053

6t5,564

82,289141,053136,240

:92,28150,650

400,358

1 9,1 98

:

60,6732r,576

w28,;022,735,668

612,287

89,518100,049880,530

r oo,ioo4t,7 00

s52,266

9,833

:

I 12,10841,81s

776,70s168,66383,871

t4,917t2,876

2t5,250

4,082

47,531t,7-50

ts,i

-sz

21,s88728

2,606,003784,800259,4t229,08638,514

222,455*rt_-ru

30,9498,288

160,):t0

v,i_st

-48,872

2,9-17

ztt,szl

2,284,;64

tzs,i_ze

qao,iqs

2,s7t,;_s6

qwsg

293,260

44,5-t7

aqq,iB

tzs,i_+a

2,23s,i_6r

r so,9z r

43


5/l 5 6lr5Amrao Manush A.M..UPPRP

2015 I 2014Taka I tuLu

201s I 2014Taka I tatca

SAJIDA FoundationSegmental Statement of lncome and


Dividend contribution to project


Forms. oass book & othersInsuranceNirapotta oremiumSale oforooertv. olant & equiomentDividend contribution from SOF

EXPENDITURESalary and allowancesOffice rentTravelling & conveyancePrintingOffrce stationeryStaff training & workshopBeneficiaries' training & workshopOverseas conference exposure visitSurvey expensesReserch & publicationFuel & lubricantTelephone billPostage, fax & emailElectricity, water & gas billNewspaper & booksCrockeriesEntertainmentPhotocopyRepair & maintenanceStampAdvertisementInsurance, tax & licensesCleaning goods



Consultancy feeAnnual reportFair, picnic & get togetherDonation & subscriptionBank charge & commissionInsurance claim paymentCommunity healthContribution to ultra-poor expensesDemonstrationProgram suppliesHealth program expensesBashak cultivationAdmission feeOther fund expenses (Note: 33)Other expnditure & overheadBidding costStaffawardHealth marketingAmrao manush program expenses service activityIMPACT program expenses service activityAdhunika program service expensesCCCP program service expensesInterest on bonowed fundInterest on savingsLoan loss provision expensesDisaster managenent fund expensesReserve fund expensesLoss on motorcycle, bicycle loan & othersLoss on sale ofproperty, plant & equipmentAmortization on defened expensesAmortization on softwareDepreciation

2,538,323

6,064

2,339,035 3 1,500132,87042,4_68

368,i86

88,395131,799

413,228

617

t,992,051105,778130,330

35,09048.288

t4,73t

r 1,070

196,89J

1,792,69310s,876r 13,788

36,93038,573

tl,olz

32.338

t74,140

r+,ssa

z,ooo

13,568

or,iss


7n5 8/1 5

Malaria Control proe.(R-9) A.M. Savinss20t5 I 20t4Taka I ta.u

20t5Taka

2U 14Taka

TOTAL EXPENDITURE


Dividend contribution to projectTOTAL EXPENDITURENet surplus/(deficit) for the year


Forms. pass book & othersInsuranceA.,liraootta oremiumSale oforooertv. olant & equiomentDividend contribution from SOF

EXPENDITURESalary and allowancesOffice rentTravelling & conveyancePrintingOffrce stationeryStaff training & workshopBeneficiaries' training & workshopOverseas conference exposure visitSurvey expensesReserch & publicationFuel & lubricantTelephone billPostage, fax & emailElectricity, water & gas billNewspaper & booksCrockeriesEntertainmentPhotocopyRepair & maintenzmceStampAdvertisementInsurance, tax & licensesCleaning goods


Software maintenatrceAuditors'feesLegal fees

Consultancy feeAnnual reportFair, picnic & get togetherDonation & subscriptionBank charge & commissionInsurance claim paymentCommunity healthContribution to ultra-poor expensesDemonstrationProgram suppliesHealth program expensesBashak cultivationAdmission feeOther fund expenses (Note: 33)Other expnditure & overheadBidding costStaffawardHealth marketingAmrao manush program expenses service activityIMPACT program expenses service activityAdhunika program service expensesCCCP program service expensesInterest on borrowed fundInterest on savingsLoan loss provision expensesDisaster managerlent fund expensesReserve fund expensesLoss on motorcycle, bicycle loan & othersLoss on sale of propefi, plant & equipmentAmortization on deferred expensesAmortization on softwareDepreciation

178.396 2.95 1.100

2,902,652t4,663

t.329.067

85,0778,303

2,877,017

3,415,650

17,492

:

3t2

3,1 5 5,s s7

23,267

:

1,406

3,1

1,900,3121,161,648

13,8454,733

12,635

2,t71,000

:

192,000t6,690

293,40015,886

7971t,362

4t244,918

1t,292

zz,ios1t,946

5,000

,,:,,

2,973

1,489,9471,144,848

t0,642600

6,t99

145,170

:

192,0001 5,535

25293,400

13,2543,484

19,534s,994

28,600330200

6,7748,410

70,000

ro,ooo

2,056,276

93,778

:36,483

l,0l1,073

7,105

2t9,3_94

t,828,7-99

66,7_2t

32,859988,920

29,4_72

zos,irs

15,707

204,373

4,235

t5,7 07

233,s62


9n5 10/15

IHS TB Control (R-10)

2015Taka

2014Taka

2015 I 2014'laka I trk,

s.iqs 27.841




Forms. pass book & othersInsuranceA.{irapotta premium

Sale of prooertv. nlant & equiomentDividend contribution from SOF

EXPENDITURESalary and allowancesOffrce rentTravelling & conveyancePrintingOffice stationeryStaff training & workshopBeneficiaries' training & workshopOverseas conference exposure visitSurvey expensesReserch & publicationFuel & lubricantTelephone billPostage, fax & emailElectricity, water & gas billNewspaper & booksCrockeriesEntertainmentPhotocopyRepair & maintenanceStampAdvertisementInsurance, tax & licensesCleaning goods



Consultancy feeAnnual reportFair, picnic & get togetherDonation & subscriptionBank charge & commissionInsurance claim paymentCommunity healthContribution to ultra-poor expensesDemonstrationProgram suppliesHealth program expensesBashak cultivationAdmission feeOther fund expenses (Note: 33)Other expnditure & overheadBidding costStaffawardHealth marketingAmrao manush program expenses service activityIMPACT program expenses service activityAdhunika program service expensesCCCP program service expensesInterest on borrowed fundInterest on savingsLoan loss provision expensesDisaster managernent fund sxpensesReserve fund expensesLoss on motorcycle, bicycle loan & othersLoss on sale ofproperty, plant & equipmentAmortization on deferred expensesAmortization on softwareDepreciation

- - 2,846,481 3,546,310

54,911,554 43,890,617 4,051,272 4,591,461

srt,iss

98,1 63

53,606,328

89,050177,1-78

56,15943,568,2_90

15,2_57 14,980

r,1s9,;34 r,o3o,i_77

3,799,207 2,989,149268,685 255,060t02,9t7 47,907

7,200 200- 910

24,399

8,527,786t72,394t7 t,817320,773

15,923

59s,178

47,81535,94952,41344,0_32

38,4319,991

154,9-17

224

fi,s:q

100,142

,,i,

234,40235,t65,9_74

\szs,;

_sr

9,900

6,612,09718r,64156,271

400,469I 7,856

t4.244

.

40,34229,34952,91443,6_66

29,2198,050

158,155

35,500

:18,917

79,955

-

11,100 s,532

18,320 21,4823,060 3,180

- 1,5086,410 3,603

300,604 456,490

:s,4so ro,ooo

26,100

::10,000

::4,025 2,715

2,680,; I 5

226,03928,950,740

ioo 38,089

92,345 109,345


I 1/15 r2115

Micro insurance PCSS

2015Taka

20t4Taka

2015 I 2ot4Taka I Trku

2.n8.;r4



Dividend contribution to projectTOTAL EXPENDITURENet surplus(deficit) for the year


Forms. oass book & othersInsuranceAliraootta oremiumSale oforopertv. plant & equiomentDividend contribution from SOF

EXPENDITI]RESalary and allowancesOffice rentTravelling & conveyancePrintingOffice stationeryStaff training & workshopBeneficiaries' training & workshopOverseas conference exposure visitSurvey expensesReserch & publicationFuel & lubricantTelephone billPostags, fax & emailElectricity, water & gas billNewspaper & booksCrockeriesEntertainmentPhotocopyRepair & maintenanceStampAdvertisementInsurance, tax & licensesCleaning goods

Computer accessoriesMedica[ accessoriesMembership fees


Consultancy feeAnnual reportFair, picnic & get togetherDonation & subscriptionBank charge & commissionInsurance claim paymentCommunity healthContribution to ultra-poor expensesDemonstrationProgram suppliesHealth program expensesBashak cultivationAdmission feeOther fund expenses (Note: 33)Other expnditure & overheadBidding costStaffawardHealth marketingAmrao manush program expenses service activityIMPACT program expenses service activiryAdhunika program service expensesCCCP program service expensesInterest on bonowed fundInterest on savingsLoan loss provision expensesDisaster management fund expensesReserve fund expensesLoss on motorcycle, bicycle loan & othersLoss on sale ofproperty, plant & equipmentAmortization on deferred expensesAmortization on softwareDepreciation

9,913,684 7,267,210 7,402,783

16,858 6,27',7 34,168

1,267,527

12,7t4

:

138,990

1,1 93,1 1 1

t4,957

:

94.090

566,4453 12,000

I 1,1657,5925,983

15,400

:

6,000I 5,8 12)) )472,8541,7684,7232,9207,920

2003,33s

2,487

I 5,000

584,679235,576

10,5503,0604,433

24,048,or,r.,0

6,00017,65017,1812,860

3,9854,0908,663

1o

2,083

12,000,,,:,,

1,450

t,122,18250,90079,r16

28,8416,656

33,148

9,750

zo,ooo19,9503,037

t9,277

s00

:

,, lro

2,590,297 2,191,724482,6s2 688,662230,895 218,80s

- 42,264106,472 87,790143,452 141,725

:-66,770 59,150

- 6,222283,445 230,508

:-t13,325 126,662

::8,996

::

30.000

1,315

:z r,os r

s.0ss

g r,0oo

r r,szo

526,0-06 425,8-28

5,0n,;v 2,672,;6s

Socio-Economic Activities Socio-Economic Activities13t15 t4n5 15/15

Adhunlka IMPACT CCCP2015Taka

20t4Taka

20ls I 2014Taka I Tutu

2015 I 2014Taka I t*,

rst,itq 215,7 5t

5,g7g,;go




Forms. pass book & othersInsuranceAJiraootta premium

Sale oforooertv. olant & equiomentDividend contribution from SOF

EXPENDITURESalary and allowancesOffice rentTravelling & conveyancePrintingOfIice stationeryStaff training & workshopBeneficiaries' training & workshopOverseas conference exposure visitSurvey expensesReserch & publicationFuel & lubricantTelephone billPostage, fax & emailElectricity, water & gas billNewspaper & booksCrockeriesEntertainmentPhotocopyRepair & maintenanceStampAdvertisementInsurance, tax & licensesCleaning goods



Consultancy feeAnnual reportFair, picnic & get togetherDonation & subscriptionBank charge & commissionInsurance claim paymentCommunity healthContribution to ultra-poor expensesDemonstrationProgram suppliesHealth program expensesBashak cultivationAdmission feeOther fund expenses Q',lote: 33)Other expnditure & overheadBidding costStaffawardHealth marketingAmrao manush program expenses service activityIMPACT program expenses service activityAdhunika program service expenses

CCCP program service expensesInterest on borrowed fundInterest on savingsLoan loss provision expensesDisaster management fund expensesReserve fund expensesLoss on motorcycle, bicycle loan & others

Loss on sale of property, plant & equipmentAmortization on deferred expenses

Amortization on softwareDepreciation

625,980,379 558,594,19010,844,380 10,916,s1053,606,328 43,568,290

60.453 279,951

47,696,3702,t0t,862t,574,954

135,031,377I 10,715,856

5.014.70353,606,328

32,r79

7t,266,s4017,503,82t7,',722,669

135,03t,3771 10,715,856

80,686,33s23,4t8,2177,433,t60

86,420,300104,104,885

19.783.239 19,783,239 28,816,034

375.556.867 t,052,515,041 944,237.872

86,983,75011,923,0112,201,6351,0t5,629

697,5461,3t7 ,9354,300,380

7 t,0659,7 50

3,701,089531,21613 r,165

4,383,40133,47058,943

859,55 1

44,2596,652,617

9,5652t8,562780,788485,216501,027642,977

5,000396,870275,000308,650787,25750,000

244,039364,490359,5 I 1

35"165,974

327,573,831 288,416,57337,049,731 34,369,72416,055,201 13,923,2132,880,725 2,892,6313,006,541 2,985,1506,602,679 4,621,2s46,080,762 8,667,542

7 t ,0659,750 142,1038,000

5,92t,055 5,703,0573,646,839 3,s26,305t,802,660 r,854,7648,466,433 8,342,87s

403,995 349,594528,470 332,242

5,46s,734 s,028,459426,067 423,533

t4,842,194 13,849,80056,267 64,203

538,233 648,85s2,844,274 1,983,465

824,949 1,000,275t,761,124 1,893,412642,977 17,044262,250 331,89s

2,149,152 1,635,684775,000 722,0008s8,361 1,07'1,741902,257 843,125404,288 430,2s0330,607 16,3 0s912,624 332,050

1,280,9s5 t,397,09835,165,974 28,950,74011,818,618 11,280,451

6,s45,3971,20t,943

45,841,398

4,878,8971,407,606

2,000332,036

75,0262,931,2775,0t7,433

3 71,0815,979,390

tt6,749,76573,045,87861,649,t896,259,5642,680,315

497,1901t6,607

t,205,832921,942

t9,60t,287

t6,6'75,2452,018,528

36,746,009284,859

3,0001,778,807

5.1 7 1.8522,672,668

81,000

I 08,584,13352,221,6253t,071.222

5,585,7902,1't8,4t4

9s320276,950

t,442,863658,5 1 7

22,125,645

45,647,1-36

7t9,2401,321,565

2,000332,036

75,0262,931,2775,017,433

37 1,0815,979390

2,680,315

2,4751,205,832

104,50011,626,998

Socio-EconomicActivities Total

(2-15)

Grand Total(l -r s)

Grand Total(l-ls)

20t5 20tsTaka

2014Taka

Schedule of Donation Received:

Name of the nroi Donor Taka Taka

Foreign Donation:

Other than Foreign Donation:

Grand Total

Foreign Donation:

Malaria Control Program

Amrao Manush Project

Amrao Manush Project (UPPRP)

TB Control Program

IMPACTAdhunika

Community Climate Change Project(CCCP)

Education Program

PLG meeting

Total

Other than Foreisn Donation:Microfinance ProgramPrime, Samriddhi & Agri Project

Monga Karmosuchi Project

Citi Award

Donation for Internet Modem

Sub TotalSAJIDA Own FundAmrao Manush Project

Amrao Manush Manik Nagar Project

Savar Rana Plaza Tragedy

Poor Fund

Scholarship Fund

ZakatFundDurud Sharif Fund

Sub Total

Health Program

Amrao Manush Savings

Community Climate Change Project(CCCP)

Education Program

Adhunika

Sub TotalTotal

33,876,473 39,979,963

12,325,632 38,526,951

46,202,105 78,506,914

BRAC/GFATMConcem Worldwide-B angladesh

UNDPBRAC/GFATMWaterwaid

Adhunika (USA)

UNDPBRACILo

1,875,856

12,509,346

1,056,885

2,484,107

8,660,000

1,079,850

5,178,995

1,031,+-34

2,362,574

17,153,906

8,719,009

3,042,075

6,892,000

1,398,645

qn,7s+

35,136,045

100,000

400,000

50

8,173,039 35,636,095

ry 39,979,e63

PKSF

PKSF

Citi Group

Grameen Phone

Local Donor

Local Donor

Local Donor

Local Donor

Local Donor

Local Donor

Local Donor

Local Donor

Local Donor

Local Donor

Local Donor

Local Donor

7,957,000

216,039

561,000

2,502,7_67

28,748

3,i003,000

200,000

907,727

1,155,512

100,000

34,773

355,000

3,098,615 2,752,952

31,500

880,988

121,490

20,000

1,053,978

8,500

88,395

41.009

137,904

49

L2,325,632 38,526,951

Documents

SAJIDA Foundation · SAJIDA Foundation (Registered in Bangladesh under the Societies Registration Act, 1860) Statement of Changes in Net Assets as at 30 June 2015 Opening balance