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Transparency
Our accounts, in plain words
Every charity asks for trust. Ours asks you to read the accounts. This page sets out the income and expenditure of HNP Charitable Trust for the year ended 31 March 2025, as audited by a chartered accountant.
The audit in one paragraph
The accounts of HNP Charitable Trust for the year ended 31 March 2024-25 were examined by Jain Nitesh and Associates, Chartered Accountants. The auditor, CA Nitesh Kumar Jain, signed the report on 17 April 2025. The report states that proper books of account have been kept, and that in the auditor’s opinion the balance sheet and the income and expenditure account give a true and fair view.
The report carries the auditor’s membership number, the firm registration number and a unique document identification number. These can be checked by any person with the Institute of Chartered Accountants of India.
Where the money came from
Donation receipts were 1,30,000 rupees, which is 65 percent of the year’s income. Member contributions were 50,000 rupees, or 25 percent. Other income was 20,000 rupees, or 10 percent. The total income was 2,00,000 rupees.
Donation receipts are gifts from people like you. Member contributions are payments from members of the trust. We are grateful for every rupee, and we list the three sources so that you can see how small the trust is and how much it depends on ordinary people.
Where the money went
Activities took 1,24,200 rupees, which is 62 percent of total spending. This is the cost of the food, clothes, blankets, books, camps and events that appear in the photographs on this site.
Establishment expenses were 65,960 rupees, or 33 percent. These are the costs of running the trust: the office, communication, printing and travel. Depreciation on equipment and furniture was 6,775 rupees, and audit fees were 3,000 rupees. The year closed with a surplus of 65 rupees, which was carried to the balance sheet.
The balance sheet as on 31 March 2025
The balance sheet totals 55,565 rupees. On the assets side the trust holds office equipment worth 25,925 rupees after depreciation, furniture and fixtures worth 19,800 rupees after depreciation, and 9,840 rupees in cash and bank balances.
On the liabilities side, the general fund stands at 65 rupees. Audit fees of 3,000 rupees were payable at the year end, together with other liabilities of 52,500 rupees. The trust does not hold large reserves or property. It spends what it receives.
65%
Donation receipts
Gifts from individuals made up the largest part of the year’s income.
62%
Activities
Most of the spending went on programs and field work.
33%
Running costs
One third went on the office and related costs.
How to read an income and expenditure account
An income and expenditure account is a one-page summary of a year. The left side lists spending and the right side lists income. If income is higher than spending, the difference is called a surplus. If it is lower, it is called a deficit.
A charity should aim to spend most of what it receives on its purpose, and to keep a small reserve. A very large surplus may mean that gifts are not reaching people. A deficit that continues year after year may mean that the trust is spending what it does not have.
What the annual report says about the work
The annual report 2023-24 describes the first full year after the trust’s formation as recorded in that report, and says the operational focus was on building infrastructure, training volunteers and project work. It describes ten programs and gives the number of people reached in some of them, such as thirty children in the book program and thirty participants in the skill program.
We quote only the numbers that the report gives. We do not add totals that we cannot support with a list.
What we cannot yet show
The trust has not yet published a list of donors, a list of beneficiaries or a record of each food service. We keep these records privately, because many people who give or receive help prefer not to be named.
We do not state on this website that gifts qualify for a tax deduction. If you need a receipt or a document for your own records, write to us and ask what the trust can provide.
How you can check us
Ask for a copy of the audit report. Visit the office at the address on this page. Come to a food service and watch. Speak to the people who receive help. Read the accounts line by line and call us with any question.
A trust that welcomes questions is a trust that has nothing to hide. We would rather answer ten questions than lose one donor’s trust.
Questions
Questions about the accounts
If your question is not here, write to us.
Who audits the accounts?
Jain Nitesh and Associates, Chartered Accountants. The audit report was signed on 17 April 2025.
Why is the income only two lakh rupees?
Because the trust is small and depends on gifts from ordinary people. That is why every gift matters, and why we ask people to give regularly rather than once.
Do you pay salaries?
Volunteers are not paid. The establishment expenses in the accounts cover running costs such as printing, communication and travel.
Where can I see the audit report?
Write to us or call +91 97036 30893 and ask for a copy. We will share it.
Are the accounts for a calendar year?
No. The accounts run from 1 April to 31 March, which is the financial year in India.
Will you publish next year's accounts?
Yes. When the next audit report is signed we will update this page.
A glossary of the words in the accounts
Establishment expenses are the costs of running the trust, such as printing, communication and travel. Activity expenses are the costs of the programs themselves. Depreciation is the part of the value of equipment and furniture that is counted as used up in the year.
Fixed assets are things that last for more than a year, such as a computer or a chair. Current liabilities are amounts that the trust owes and expects to pay within a year. A general fund is the money that a trust keeps as a cushion, built up from past surpluses.
What a donor should look for
Look for a clear audit report with a signature and a document number. Look for a split between activities and running costs. Look for a trust that explains its numbers instead of hiding them. Look for an address and a phone number that work.
Ask whether the trust publishes photographs from the field and whether it lets you visit. A trust that welcomes visitors is more likely to be honest than one that does not.
Why small numbers still deserve care
A trust with a two lakh rupee budget can still help many people if every rupee is used well. A single large pan of rice and curry feeds many, and a notebook costs little. The accounts are small, but the care that goes into them is the same as for a large trust.
We keep receipts for spending, record each gift and match the books to the bank. The auditor then checks the work.
Questions we ask ourselves each year
Did we spend most of what we received on the people we serve? Did we keep proper books? Did we answer every donor who wrote to us? Did we say no when a gift came with a condition that we could not accept? Did we treat the people we served with respect?
We invite every donor to ask the same questions of us.
Ask us anything about the money
Call the trust number or write to the email on this page. A person will answer.