Annual Report 2018-19 Atul Foundation
Contents Legacy 01 Introduction to the programs 10 Identity 03 Operational highlights 11 Purpose and Values 03 Financial highlights 23 Chairperson's foreword 04 Auditor’s Report 24 Organisation 05 Acknowledgements 30 Institutions 06 Make a difference 31 Foot print 09 The logo of Atul Foundation Trust (Atul Foundation) is a representation of the tree of life. The tree symbolises the interconnection andmetaphorical codependency of all aspects of life. It endeavours to convey that we do not exist for our own narrow objectives, but are part of the integrated ecosystem. We will make our own journey of life more meaningful if our way of living reflects a larger purpose. The cover page is a photograph of one of our Atul Adhyapikas teaching in a Prathamik Shala, in Valsad district, Gujarat. 63 Atul Adhyapikas are teaching in 62 primary schools in 53 villageswith an aim to improve basic education among rural children. If not we, then who? If not now, then when? If not here, then where? ~ Golda Meir
Much before the concept of Corporate Social Responsibility had evolved into its present form, Atul Ltd (Atul) has been engaged in serving the society with diverse initiatives in the fields of education, health and infrastructure. Mr Kasturbhai Lalbhai, the Founder of Atul and an Indian legend, ensured complete commitment to community development andwelfare in every company he established. The primary reason for the establishment of Atul was to generate large scale employment and consequently improve the standard of living in rural India. His passion to give back to the society was reflected in his daily schedule; he spent half a day on growing businesses while the other half was dedicated solely to social service. He appointed Mr Balwantrai Mazumdar, an economist and Mr Siddharth Kasturbhai, his elder son and a chemical engineer, to developAtul, both of whomcontinuedwith the fine legacy. In 1978, Mr Siddharth Kasturbhai laid the foundation of Atul Rural Development Fund in an endeavour to further the rich legacy of his father and bring focus to rural development projects undertaken by Atul. He personally oversaw each project which was being implemented and took keen interest in consistently improving the quality, variety and impact of such projects. Over the years, with an increase in the number and scope of projects related to serving the society, Atul Foundationwas established in 2010 as an umbrella trust of Atul. Legacy 1
Kasturbhai Lalbhai (1894 - 1980) The legacy of Mr Kasturbhai Lalbhai has been synonymous with three terms in the broadest sense: excellence, perseverance and trusteeship. Social responsibility must include sympathy, helpfulness and willingness to forego self interest in order to promote the welfare, happiness and contentment of others and of the country as awhole. ~ Kasturbhai Lalbhai Siddharth Lalbhai (1923 - 1998) A chemical engineer and the elder son of our Founder, Mr Siddharth Lalbhai dedicated his life to the development of Atul. He accorded equal value to creation of wealth and service to society. The principles of trusteeship that he upheld, the personal qualities of integrity, perseverance and simplicity that he lived by and the single-minded devotion that he gave to tasks on handwill always remain our guiding force. Balwantrai Mazumdar (1902 - 1981) An economist, Mr Balwantrai Mazumdar was a voracious reader, sound thinker, patient listener and a farsighted professional. He created an atmosphere of camaraderie that brought out the collective best in the people of Atul. He was the moving force behind making the first site of Atul one of the largest eco-friendly manufacturing facilities of its kind in the world. He remained with the Group till the end of his life as didmost of the peoplewhoworkedwith Mr Kasturbhai Lalbhai. Annual Report 2018-19 I Atul Foundation 2
Identity Atul Foundation was established by Atul on November 25, 2010. The Foundation is registered as a public charitable trust under Gujarat Public Trusts Act, 1950. Atul Foundation is an embodiment of the Purpose and Values of Atul towards serving the society. Purpose Atul Foundation is committed to fostering sustainable socio-economic upliftment, particularly in the lives of the underprivileged through relevant programs | projects. Empathy Perceive, relate and respond to the difficulties, emotions and needs of others Benevolence Help the needywithout any discrimination, selflessly and humbly Collaboration Work as a teamand developmeaningful partnerships to serve others Quality Conceive and execute projects to provide exemplary deliverables Honesty Reflect uprightness and transparency in every action Corporate Social Responsibility Policy of Atul: Atul will help enhance the quality of life of the people belonging to the marginalised sections of the society and volunteer its resources to the extent it can reasonably afford to Atul Foundation Trust and (or) other entities under its umbrella. The Foundation will particularly undertake projects in and around the locations where the Company operates. CSR Committee of Atul: Ms Shubhalakshmi Panse (Chairperson) Mr Sunil Lalbhai Mr Bharathy Mohanan Values 3
Chairperson’s foreword Dear All, I amhappy to present you theAnnual Report 2018-19 of Atul Foundation Trust (AFT). Atul Ltd, the promoter of Atul Foundation believes in growing with the community and has been touching lives of many by serving the society since its inception in 1947. AFT is now the umbrella trust for serving the society. During 2018-19, Atul Foundation made further efforts to improve the outreach by enhancing the quality of education - Atul Adhyapikas created a favourable environment that encouraged many dropouts to return to school. Atul Vidyamandir (caters to tribal students) took steps towards becoming a democratic school. The Foundation trained 6,669 students in various vocational courses and provided employment to 393 apprentices in Atul Ltd, much above the statutory limit defined by the Apprentice Act. It built 1,500 individual household toilets in 23 villages in Gujarat, reaching a total of 5,000 toilets so far. It provided relief to 500 families adversely affected due to the floods in Kerala. Since the last quarter of 2018-19, it has focused on improving anganwadis, sanitation and other facilities in primary schools in villages around Atul and Ankleshwar where the Company operates two of its manufacturing facilities. It worked in three villages on the project Sujlam Suflam initiated by the Government of Gujarat for deepening the local water resources. As a part of its initiative to conserve the environment, it planted 4,500 trees in neighbouring areas including 480 native trees, nownamed Atul Vana. th This year, Atul Foundation celebrates the 125 birth anniversary year of the inspiring and pioneering Founder of Atul, Mr Kasturbhai Lalbhai. Between December 2018 and December 2019, various initiatives have been planned to commemorate his contribution. The Foundationwill be supporting 125 patients undergoing dialysis, providing assistance to 125 families to purchase a cow as well as extending a helping hand to 125 families who have specially abled children. Atul Adhyapikas visited 125 schools and conducted workshops on the values espoused by Kasturbhai. Furthermore, 125 students from Atul Vidyamandir performed street plays on health and hygiene in rural schools. The work we do is ever-enriching and the more we experience the joy of giving, the more we are inspired and humbled. We are grateful to everyone who is supporting us directly or indirectly in this endeavour.We assure you of our best efforts in all that we undertake. With bestwishes, Sincerely, (Vimla Lalbhai) Chairperson Annual Report 2018-19 I Atul Foundation 4
Everyone has a purpose in life...a unique gift or special talent to give to others. And when we blend this unique talent with service to others, we experience the ecstasy and exultation of our own spirit, which is the ultimate goal of all goals. ~Deepak Chopra The Management Committee of Atul Foundation Trust works under the overall direction and guidance of the Board of Trustees. The Foundation is supported by teams required for operations and projects. The impact made by Atul Foundation is generally reviewed by the Management (quarterly), Corporate Social Responsibility Committee (half yearly) and the Board (yearly) of Atul. Established in 1978, Atul Rural Development Fund Trust is the primary implementing agency for Atul Foundation. Organisation 5
Ulhas Established: 1961 Managed: Atul Foundation Trust About: Ulhas promotes health and well-being of residents of Atul and surrounding villages. It organises cricket tournaments, inter-village volleyball competitions andmarathons. Atul Foundation serves the society through the following institutions: Institutions Kalyani Shala Established: 1953 Managed: Atul Kelavani Mandal About: Kalyani Shala is a private aided school providing quality and affordable education to children belonging to Atul and surrounding vi l lages. It offers classes from kindergarten to 12 and the medium of instruction is Gujarati . Currently, it has 1,799 students. Urmi Stree Sanstha Established: 1953 Managed: Aaranyak Urmi Ltd About : Urmi St ree Sanstha i s an organisation established to empower women. I t i s pr imar i l y known for production and supply of sun dried and iron pounded spices.Women fromnearby villages are engaged in the complete production process from solar drying and pounding to blending and packaging of spices. Annual Report 2018-19 I Atul Foundation 6
Atul Vidyalaya Established: 1991 Managed: Atul Vidyalaya Trust About: Atul Vidyalaya is a private unaided school prov iding qual i ty education to children belonging to Atul and surrounding towns | villages. It offers classes from kindergarten to 12 and the medium of inst ruct ion i s Engl i sh. Currently, it has 1,255 students. Utkarsha Established: 1965 Managed: Atul Foundation Trust About: Utkarsha provides a platform to promote social and cultural programs for residents of and surrounding Atul villages. It organises music and dance compet i t ions, annual funfai rs and cultural events. 7 Atul Club Established: 1995 Managed: Atul Club Trust About: Atul Club provides quality sport and recreational facilities to residents of Atul and surrounding towns | villages. It offers facilities for badminton, billiards, swimming, table-tennis and also has a well-equipped gymnasium.
Atul Institute of Vocational Excellence Established: 2011 Managed: Atul Rural Development Fund About: Atul Institute of Vocational Excellence is a vocational training center that operates under the PPP model with the Government of Gujarat. It imparts skills to tribal boys and girls in various vocations and also provides them with employment opportunities. It endeavours to skill 7,600 tribal students over a time span of seven years. So far, 6,461 tribal students have been trained of whom 4,913 have been placed (76.04%). Atul Vidyamandir Adopted: 2009 Managed: Atul Vidyalaya Trust About: Atul Vidyamandir is an adopted Eklavya model residential school that operates under the Publ ic Private Par tnership (PPP) model wi th the Government of Gujarat. It caters only to the tribal students and also provides them with residential facilities. It offers classes from 6 to 12 and the medium of instruction is Gujarati. Currently, it has 359 students. Industrial Training Institutes (Khergam, Sagbara, Ankleshwar and Bilimora) Adopted: 2011 and 2017 Managed: Atul Ltd About: The Industrial Training Institutes (ITIs) in Khergam, Sagbara, Ankleshwar and Bilimora operate under the PPP model with the Government of Gujarat. The ITIs offer courses for a duration of one to two years in a range of vocations. Annual Report 2018-19 I Atul Foundation 8
Footprint Dowhat you can, withwhat you have, where you are. ~ Theodore Roosevelt Atul Foundation predominantly works in and around the locations where Atul has its operations and offices, though it is gradually widening its coverage to other parts of India. During 2018-19, the Foundation has undertaken | supported projects inGujarat, Kerala, Maharashtra andRajasthan. The map below indicates the districts | number of villages in Gujarat and states in India where Atul Foundation has undertaken | supported projects to serve the society during its journey of nine years. 29 districts 4 states 1,500 villages 20 districts 1,450 villages Education Empowerment Health Relief Conservation Infrastructure 9
Introduction to the programs Education Provide easy and affordable education to children belonging to all sections of the society Empowerment Impart vocational skills particularly to the underprivileged population so that they can be self-employed or obtain employment of their choice Health Make available quality and affordable healthcare facilities to all Relief Offer quick support to victims of calamities, natural or man-made Infrastructure Provide residents of surrounding villageswith adequate livelihood facilities Conservation Promote the judicious use of natural resources and preserve ecology There is no greater joy nor greater reward than to make a fundamental difference in someone's life. ~Mary RoseMcGeady Annual Report 2018-19 I Atul Foundation 10
During 2018-19, Atul Foundation Trust (AFT) undertook the following projects: Operational highlights Education Education is for improving the lives of others and for leaving your community and world better than you found it. ~Marian Edelman Infrastructure in Kalyani Shala Primary teachers training (Atul Adhyapika) Education support to children of salt pan workers Electronic learning (through tablets) in a rural school Education infrastructure in a tribal school Manuscript preservation Books on Indian culture Provided better infrastructure facility to 1,799 students of Kalyani Shala Imparted education by 63 Atul Adhyapikas in 62 primary schools Supported 30 children of salt pan workers to prepare for SSC board examination Facilitated teaching with the help of five tablets with specially developed applications to 120 children of a primary school in a rural village Provided better facilities for education to 240 children Preserved handwritten manuscripts Promotion and documentation of traditional knowledge and culture Atul (Gujarat) 53 villages (Gujarat) Patadi (Gujarat) Vijaynagar (Maharashtra) Pardi (Gujarat) Ahmedabad (Gujarat) Jaipur (Rajasthan) Atul Kelavani Mandal AFT Gantar Trust Zilla Panchayat School Shree Vallabh Seva Kendra L D Bhartiya Sanskruti Vidyamandir Prakrit Bharati Academy No. Project Location Implementing agency Impact 11 1. 2. 3. 4. 5. 6. 7.
Promoting Indian classical music Encouraging research activity Rural education Provided scholarship to four students Ÿ Promoted research activities among students of ICT Ÿ Assisted 3,322 students of 30 primary schools with study material Ÿ Provided wholesome food to 92 students in an ashram shala Ÿ Established a school library benefitting 236 students Ÿ Provided three computers and arranged for a computer teacher for 236 students in a school Ÿ Imparted digital learning to 270 students Pardi (Gujarat) Mumbai (Maharashtra) 18 villages (Gujarat) Kalayatan Institute of Chemical Technology (ICT) Atul Rural Development Fund (ARDF) No. Project Location Implementing agency Impact 8. 9. 10. AIVE students during their daily session of spoken English and personality development Annual Report 2018-19 I Atul Foundation 12
Empowerment Wisdom is knowingwhat to do next, skill is knowing how to do it and virtue is doing it. ~David Jordan Ÿ Trained 794 students to use industrial sewing machine Ÿ Trained 177 students as data entry operators and account assistants Ÿ Trained 152 students as electricians Ÿ Trained 90 students to repair mobile phones Ÿ Trained 63 students to repair computers Ÿ Trained 62 students as bedside assistants Ÿ Trained 54 students as refrigeration and AC technicians Ÿ Trained 47 students as chemical plant process attendants Ÿ Trained 33 students as welders Ÿ Trained 13 students in housekeeping Ÿ Trained 12 students as JCB operators Ÿ Trained 180 students in basic computer skills and 79 students in English No. Project Location Implementing agency Impact 13 Skill development (Development Support Agency, Government of Gujarat) Computer and English language skills Ozarpada (Gujarat) Atul ARDF ARDF 1. 2.
Ÿ Empowered 300 blind people through life skills training Ÿ Trained 130 women in garment making, handicraft and soft toy making, beauty and styling and spice production Ÿ Provided training and employment to 393 youth in Atul, over and above the statutory requirement under the Apprentice Act Life skills for the blind Women empowerment Apprenticeship training 3. 4. 5. No. Location Implementing agency Impact Project (Partner, if any) Trivandrum (Kerala) Atul (Gujarat) Atul (Gujarat) Jyotirgamaya Foundation ARDF Atul Ltd Computer laboratory at Atul Institute of Vocational Excellence Annual Report 2018-19 I Atul Foundation 14
Health Groundwork of all happiness is good health. ~Leigh Hunt Individual household toilets Rural health (Valsad Raktdan Kendra, RNC Free Eye Hospital) Artificial limbs to physically challenged people Awareness about and treatment of anaemia Drinking water facility Medical equipment for trust laboratory Blood units to patients 23 villages (Gujarat) 30 villages (Gujarat) Jaipur (Rajasthan) Three villages (Gujarat) Valsad, Bharuch (Gujarat) Sarvada (Gujarat) Bharuch (Gujarat) ARDF ARDF Shree Bhagvan Mahaveer Viklang Sahayata Samiti Nouryon | AFT | ARDF Shree Nootan Kelavani Mandal | Seva Yagna Samitip Sanat Mehta Charitable Trust Seva Yagna Samiti 1. 2. 3. 4. 5. 6. 7. No. Location Impact Implementing agency Project (Partner, if any) Ÿ Constructed individual household toilets for 1,500 families Ÿ Collected 2,208 units of blood through 27 blood camps Ÿ Organised 11 eye camps benefitting 4,151 patients of whom 3,319 were provided with spectacles, 397 were diagnosed with cataract and 171 of them were operated Ÿ Provided artificial limbs to 140 physically challenged people Ÿ Conducted awareness among 1,421 students regarding anaemia of whom 681 anaemic students were given Iron Folic Acid tablets Ÿ Installed RO drinking facility for 6,000 students and 1,000 patients Ÿ Facilitated access to low cost blood test facility to villagers Ÿ Provided 200 units of blood to destitute, poor and needy patients 15
Nouryon’s visit to Atul Vidyamandir Nouryon has partnered with Atul Foundation to provide iron-folic acid tablets to students of three institutes managed by the Foundation
8. 9. Sports equipment to ITI students Upgrading sports infrastructure and equipment Ankleshwar and Sagbara (Gujarat) Atul (Gujarat) AFT AFT | ARDF Ÿ Provided sports equipment to 2,285 students Ÿ Provided better sports infrastructure and equipment to the schools and community in and around Atul No. Location Impact Implementing agency Project (Partner, if any) Blood donation camp organised by ARDF Annual Report 2018-19 I Atul Foundation 18
Relief Only life lived in service of others is worth living. ~ Albert Einstein Distribution of relief kits to Kerala flood victims 19 Farm kits and fertilisers to farmers Medical assistance to needy people Blood to thalassemia patients Advanced treatment of cancer patients Relief kits to flood victim families Haria (Gujarat) Atul (Gujarat) Valsad (Gujarat) Karamsad (Gujarat) Kochi (Kerala) ARDF ARDF Valsad Raktdan Kendra Charutar Arogya Mandal ARDF | AFT Supported 72 farmers with free of cost farm kits and fertilisers at subsidised rates Assisted five patients with financial help for treatment of critical illness Provided 648 units of blood to 59 thalassemia patients Assisted 20 cancer patients with advanced medical treatment Provided relief kits to 500 families 1. 2. 3. 4. 5. No. Location Implementing agency Impact Project (Partner, if any)
Infrastructure Infrastructure support for institution building Rural infrastructure Infrastructure in schools (Ankleshwar) Infrastructure in anganwadi School toilets Infrastructure in crematorium 1. 2. 3. 4. 5. 6. Valsad (Gujarat) Six villages (Gujarat) Two villages (Gujarat) Five villages (Gujarat) Five villages (Gujarat) Tumbhi (Maharashtra) World Renewal Spiritual Trust ARDF AFT AFT ARDF AFT Provided support to build an institution Ÿ Renovated roads benefitting 4,800 villagers Ÿ Installed street lights benefitting 5,180 villagers Ÿ Constructed a paver block road benefitting 5,131 villagers Ÿ Participated in pond recharging scheme Sujlam Suflam benefitting 17,430 villages Ÿ Constructed roof on class rooms benefitting 412 students Ÿ Built water rooms benefitting 462 students Ÿ Erected an open shed benefitting 125 students Renovated anganwadi benefitting 111 children Built toilets benefitting 839 students Built facility benefitting 900 villagers No. Location Implementing agency Impact Project (Partner, if any) Annual Report 2018-19 I Atul Foundation 20
Conservation No. Location Implementing agency Impact Project (Partner, if any) Afforestation Plantation of native trees of Gujarat Upgrading infrastructure in crematorium 1. 2. 3. Atul (Gujarat) Atul (Gujarat) Atul (Gujarat) Atul Ltd Atul Ltd ARDF Planted 4,020 trees Planted 480 native tress Enabled less consumption of wood 21
Annual Report 2018-19 I Atul Foundation 22 Atul Foundation has built 5,000 toilets
Financial highlights 34% 58% 1% 1% Companies . Government grants . Donation-others . Interest income . Miscellaneous income 6% Where the monies came from Companies Government grants Donation-others Interest income Miscellaneous income 891.82 511.92 21.55 92.86 9.48 1,527.68 58.38% 33.51% 1.41% 6.08% 0.62% Particulars ` lakhs % Amount received How the monies were used Particulars Programs Asset creation Administration Unspent 1,132.98 155.00 39.86 199.84 1,527.68 74.16% 10.15% 84.31% 2.61% 13.08% Amount used % `lakhs 74% 10% 13% 3% Programs Asset creation Administration Unspent On which programs the monies were spent Particulars Education Empowerment Health Relief Infrastructure Conservation `lakhs % Amount spent 319.51 462.33 320.95 49.21 123.61 12.38 1,287.98 24.81% 35.89% 24.92% 3.82% 9.60% 0.96% 1% 4% 9% 25% 25% 36% Education Empowerment Health Relief Conservation Infrastructure 23 100% 100% 100%
Auditor's Report Under Sub-section (2) of Section 33 and 34, and Rule 19 of the Gujarat Public Trusts Act, 1950 (Gujarat Rules) Registration number: E | 2571 | Valsad district Name of the public trust: Atul Foundation Trust For the year ending: March 31, 2019 We have examined the Financial Statements of Atul Foundation Trust for the year ended March 31, 2019 and to the best of our knowledge and belief and according to the information and explanations provided to us, we report as under: For B R Shah & Associates Chartered Accountants Firm registration number: 129053W Deval Desai Partner Membership number: 132426 Whether accounts are maintained regularly and in accordance with the provisions of theAct and the Rules? Whether receipts and disbursements are properly and correctly shown in the accounts? Whether the cash balance and vouchers in the custody of the Manager or a Trustee on the date of audit were in agreement with the accounts? Whether all books, deeds, accounts, vouchers, other documents or records required by theAuditor were produced before him? Whether a register of movable and immovable properties is properlymaintained, the changes therein are communicated from time to time to the regional office and the defects and inaccuracies mentioned in the previous Audit Reports have been duly compliedwith? Whether the Manager or a Trustee or any other person required by the Audit to appear before him did so and furnished the necessary information required by him? Whether any property or funds of the Trust were applied for any object or purpose other than the object or purpose of the Trust? Amount outstanding formore than one year and the amount written off, if any Whether tenders were invited for repairs or construction involving expenditure exceeding 5,000? ` Whether any money of the Trust has been invested contrary to the provisions of Section 35? Whether alienations, if any, of the immovable property contrary to the provisions of Section 36 have come to the notice of theAuditor? Whether there is any special matter which the Auditor may think fit or necessary to bring to the notice of theDeputy or Assistant Charity Commissioner? Yes Yes Yes Yes NA Yes No Nil NA No No No a) b) c) d) e) h) k) g) f) i) j) l) Annual Report 2018-19 I Atul Foundation Ahmedabad April 24, 2019 24
Form number 10B [See Rule 17B] Audit Report under Section 12A(b) of the Income Tax Act, 1961, in the case of charitable or religious trusts or institutions. We have examined the Balance Sheet of ATUL FOUNDATION TRUST, AADTA1885G as at March 31, 2019 and the profit and loss account for the year ended on that date which are in agreement with the books of account maintained by the said Trust or Institution. We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of the audit. In our opinion, proper books of accounts have been kept by the head office and the branches of the above named Trust visited by us so far as appears from our examination of the books and proper returns adequate for the purpose of audit have been received from branches not visited by us subject to the comments given below: NIL In our opinion and to the best of our information and according to the information given to us, the said accounts give a true and fair view: a) In case of the Balance Sheet of the state of affairs of the above named Trust as at March 31, 2019 b) In case of the Profit and Loss account of the profit or loss of its accounting year ending onMarch 31, 2019 The prescribed particulars are annexed hereto. Ahmedabad April 24, 2019 Deval Desai Partner Membership number: 132426 For B R Shah & Associates Chartered Accountants Firm registration number: 129053W 25
Annexure Statement of particulars 1. Application of income for charitable or religious purposes Amount of income of previous year applied to charitable or religious purpose in India during that year Whether the Trust has exercised the option under Clause (2) of the explanation to Section 11(1)? If so, the details of the amount of income deemed to have been applied to charitable or religious purpose in India during the previous year Amount of income accumulated or set apart for application to charitable or religious purposes, to the extent it does not exceed 15% of the income derived from property held under the Trust wholly for purpose Amount of income eligible for exemption under Section 11(1)(c) Amount of income, in addition to the amount referred to in item 3 above, accumulated or set apart for specified purpose under Section 11(2) Whether the amount of income mentioned in item 5 above has been invested or deposited in the manner laid down in Section 11(2)(b)? If so, the details thereof Whether any part of the income in respect of which an option was exercised under Clause (2) of the explanation to Section 11(1) in any earlier year is deemed to be income of the previous year under Section 11(1B) ? If so, the details thereof Whether during the previous year, any part of income accumulated or set apart for specified purposes under Section 11(2) in any earlier year i) has been applied for purposes other than charitable or religious purposes or has ceased to be accumulated or set apart for application thereto, or ii) has ceased to remain invested in any security referred to in Section 11(2)(b)(I) or deposited in any account referred to in Section 11(2)(b)(ii) or Section 11(2)(b)(iii), or iii) has not been utilised for purposes for which it was accumulated or set apart during the period for which it was to be accumulated or set apart, or in the year immediately following the expiry thereof? If so, the details thereof 1. 2. 3. 4. 5. 6. 7. 8. 6,42,05,796 Nil 13,80,161 Nil Nil No NA No No No 2. Application or use of income or property for the benefit of persons referred to in Section 13(3) Whether any part of the income or property of the Trust was lent, or continues to be lent, in the previous year to any person referred to in Section 13(3) (hereinafter referred to in this Annexure as such person)? If so, give details of the amount, rate of interest charged and the nature of security, if any 1. No Annual Report 2018-19 I Atul Foundation 26
Whether any part of the income or property of the Trust was made, or continued to be made, available for the use of any such person during the previous year? If so, give details of the property and the amount of rent or compensation charged, if any Whether any payment was made to any such person during the previous year by way of salary, allowance or otherwise? If so, give details Whether the services of the Trust were made available to any such person during the previous year? If so, give details thereof together with remuneration or compensation received, if any Whether any share, security or other property was purchased by or on behalf of the Trust during the previous year from any such person? If so, give details thereof togetherwith the consideration paid Whether any share, security or other property was purchased by or on behalf of the Trust during the previous year to any such person? If so, give details thereof togetherwith the consideration received Whether any income or property of the Trust was diverted during the previous year in favour of any such person? If so, give details thereof together with the amount of income or value of property so diverted Whether the income or property of the Trust was used or applied during the previous year for the benefit of any such person in any other manner? If so, give details 2. 3. 4. 5. 6. 7. 8. No No No No No No No 3. Investment held at any time during the previous year(s) in concerns in which persons referred to in Section 13(3) have a substantial interest Name and address of the concern 1. 2 3 4 5 6 No. Ahmedabad April 24, 2019 Whether the concern is a company, number and class of shares held Nominal value of the investment Income from the investment Whether the amount in col.(4) exceeded 5% of the capital of the concern during the previous year say, yes | no Not applicable For B R Shah & Associates Chartered Accountants Firm registration number: 129053W Deval Desai Partner Membership number: 132426 27
Balance Sheet for the year ended March 31, 2019 Funds and liabilities Property and assets Fixed assets Investments Current assets, loans and advances Trust fund Reserves and surplus Designated funds As per our attached Report of even date For and on behalf of the Board of Trustees B R Shah & Associates For Atul Foundation Trust Chartered Accountants Firm registration number: 129053W Ms Swati Lalbhai Mr Bharat Trivedi Trustee Trustee Deval Desai Partner Membership number: 132426 Ahmedabad Atul April 24, 2019 April 24, 2019 2018-19 1.00 23.70 8.29 32.99 2017-19 1.00 11.00 7.19 19.19 2017-18 - 19.19 19.19 2018-19 - 20.00 12.99 32.99 Annual Report 2018-19 I Atul Foundation 28 ( lakhs) ( lakhs)
Income and Expenditure Statement for the year ended March 31, 2019 Expenditure Administrative expenses Depreciation Expenditure on objects of the Trust a) Infrastructure b) Education and Empowerment c) Health d) Relief e) Conservation Surplus carried over to the Balance Sheet 2018-19 17.87 - 153.73 106.50 318.32 36.73 10.00 12.71 655.86 2017-18 3.34 - 118.00 119.00 313.46 55.00 5.50 2.27 616.57 Donations Interest Other income 2018-19 641.31 14.40 0.15 655.86 2017-18 610.96 5.61 - 616.57 As per our attached Report of even date For and on behalf of the Board of Trustees B R Shah & Associates For Atul Foundation Trust Chartered Accountants Firm registration number: 129053W Ms Swati Lalbhai Mr Bharat Trivedi Trustee Trustee Atul April 24, 2019 Deval Desai Partner Membership number: 132426 Ahmedabad April 24, 2019 Income 29 ( lakhs) ( lakhs)
Acknowledgements Alone we can do so little; together we can do so much. ~ Helen Keller Atul Foundation and its affiliates are grateful to the Central and State Governments, companies, foundations, trusts and individuals with whose cooperation and support it was able to extend its social outreach. Government of Gujarat Development Support Agency of Gujarat Gujarat Badminton Association Foundations, trusts and other entities AXN Resorts Bharat Vikas Parishad Gujarat CSR Authority Eklavya Adivasi Bal Shikshan Sewa Trust G I Singhania Charitable Trust Human Service Foundation RNC Free Eye Hospital Sainath Sevabhavi Mandal Valsad Raktdan Kendra Companies and firms Anugrah In-Org Pvt Ltd Capri Global Private Ltd Colourtex Huber group Nouryon RBL Bank Ltd Reliance Industries Ltd Individuals Mr Deepak Ahuja Ms Vinita Johary Mr Sunil Joshi Mr Shardul Kazi Mr Ajay Motee Ms Shubhalakshmi Panse Mr Lalit Patni Mr Deepen Shah Mr Gopi Kannan Thirukonda Annual Report 2018-19 I Atul Foundation 30
Make a difference Ever since its inception, Atul Ltd is conducting its business in an inclusive way. Atul Foundation Trust is working to achieve sustainable development, particularly in rural areas to help uplift the lives of the underprivileged. The Foundation (2018-19 project spend: 750.85 lakhs, administration cost: 38.99 lakhs) provides a complete account of the funds received for various projects and sends its Annual Report to every donor. If you wish to join in our endeavour of enhancing the standard of living of the less fortunate and are looking for an organisation that will channelise and direct 100% of your contribution to projects at hand, Atul Foundation may be a good option. Given below are some of the projects the Foundation is currently implementing. If you wish to sponsor any project(s), pleasewrite to contact@atulfoundation.org Contributions or donations to Atul Foundation qualify for tax exemption under Section 80Gof the Income TaxAct, 1961. The donation amount may be remitted, along with the requisite information with respect to how you wish to participate (project, corpus, etc), by drawing a cheque in favour of Atul Foundation Trust and sending through RTGS as per the details given below: Beneficiary: Atul Foundation Trust Bank: Axis Bank Branch: Atul Account number: 911010029486212 IFSC: UTIB0000459 Small acts, when multiplied by millions of people, can transform the world. ~ Howard Zinn Highlights: 2018-19 make a difference Atul Adhyapika School sanitation Vocational training for youth and women Health camps Water conservation Individual household toilets 31
th Celebrating 125 birth anniversary of Kasturbhai Lalbhai th To mark the 125 birth anniversary of our legendary Founder Mr Kasturbhai Lalbhai, Atul Foundation planned 15 social initiatives to make a difference in the lives of less privileged sections of society including needy and disadvantaged children, women, youth, farmers, special children, poor families and communities in meaningful ways. Of these 15 initiatives, two initiatives have been completed. Value workshops in 125 schools by Atul Adhyapikas 83 Atul Adhyapikas conducted value workshops in 125 rural schools. The Value workshops emphasised the four Values that Kasturbhai lived by - truth, knowledge, hard work and punctuality. The 90 minute workshop was made interesting through songs, stories and games. 31 Annual Report 2018-19 I Atul Foundation 32
Street plays by 125 children 125 children of Atul Vidyamandir presented 36 street plays on anaemia, healthcare and hygiene in 18 rural schools. Children and teachers wrote the script and arranged the props themselves. 33
Annual Report 2018-19 I Atul Foundation 34 Construction of toilets for boys at a primary school in Abrama, Valsad Before After
35 Renovation of an anganwadi in Bhagod, Valsad Before After
Annual Report 2018-19 I Atul Foundation 36 Renovation of an anganwadi in Magod, Valsad Before After
Trustees Background Dr Vimla Lalbhai (Chairperson) FRCS - Royal College of Surgeons, London Social worker PhD - Indian Institute of Technology, Mumbai Former Managing Director, Amal Ltd BTech - Indian Institute of Technology, Kanpur President - Human Resources, Atul Ltd BTech - Indian Institute of Technology, Mumbai Former President - Information Technology, Atul Ltd ACA - Institute of Chartered Accountants of India Managing Director, Aagam Holdings Pvt Ltd Ms Swati Lalbhai Mr Sharat Tripathi Mr Bharat Trivedi Dr Rana Vishnoi (Managing Trustee) Statutory Auditors B R Shah & Associates Registered office Atul Rural Development Fund Atul 396 020, Gujarat India E-mail: contact@atulfoundation.org Bankers Axis Bank Ltd RBL Bank Ltd Trust information
RkJQdWJsaXNoZXIy MjA2MDI2