Financial Position of CSTThe following section explains the financial position of CST from the previous three years: 1998, 1999 and 2000. It gives information about the financial health and structure via the balance sheet and income statement, presented in Rupees only.*
The annual turnover for 2001 is Rs.3,500,000 ($74,500). The Community Health Action Project with a budget of Rs.1,500,000 is included. The loans taken from money lenders for 2001, in total is Rs.710,000 ($15,110), mainly due to the Mahalir Thittam project.
All information and explanations of the following balance sheets and income statements are derived from the approved audited annual reports. These annual reports are all in agreement with the books of accounts, controlled by R. Raveendran, financial controller accountant, chartered accountant, M.no. 200678.
2000
1999
1998
Assets
Cash and deposits
51,160.66
76,783.65
4,639.74
Rent advance
46,500.00
27,500.00
7,000.00
Grants receivable
98,705.00
0.00
0.00
Net fixed assets
88,187.00
31,152.00
20,944.00
Excess of expenditure
387,146.74
246,760.25
52,762.16
Total assets
671,699.90
382,195.90
85,345.90
$14,300.62
$8,137.03
$1,817.03
Liabilities and equity
Current liabilities
648,850.00
381,550.00
84,700.00
Vehicle liability
22,204.00
0.00
0.00
Equity
645.90
645.90
645.90
Total liabilities and equity
671,699.90
382,195.90
85,345.90
$14,300.62
$8,137.03
$1,817.03
2000
1999
1998
Financial income
Grants and funds
1,996,398.00
1,279,177.00
190,520.00
$42,503.70
$27,233.92
$4,056.21
Financial expenses
Operating expenses
2,077,330.30
1,412,908.27
481,510.06
Administrative expenses
59,934.19
62,580.82
26,987.90
Total operating expenses
2,137,264.49
1,475,489.09
508,497.96
$45,502.76
$31,413.43
$10,826.02
-140,866.49
-196,312.09
-317,977.96
- $2,999.07
-$4,197.52
-$6,769.09
Non-operating incomes
Donations/local contribution
0.00
2,100.00
278,300.00
Interest income
530.00
214.00
0.00
Total profit (loss)
-140,336.49
-193,998.09
-39,677.96
-$2,987.79
-$4,130.76
-$844.75
The financial expenses mentioned in the income statement for the periods up to March 31, 2000, 1999 and 1998 comprise training expenses, fixed costs, salaries etc. Postage, telephoning, stationary and printing are assigned to the administrative expenses.
Grants are received from TNSWB -Tamil Nadu Social Welfare Board, CSWB - Cental Social Welfare Board, THADCO - Tamil Nadu Adidravida Housing Development Corporation Ltd., and TNCDW - Tamil Nadu Corporation for Development of Women.
*The amounts are mainly represented in Rupees. An exchange rate for US dollars is taken in this proposal as Rs. 46.97 for US$ 1.00 as of 25/07/2001. CST is not responsible for changes in exchange rate.
" When you become detached mentally from yourself and concentrate on helping other people with their difficulties, you will be able to cope with your own more effectively. Somehow, the act of self-giving is a personal power-releasing factor.erment" --Norman Vincent Peale