Annual Report 2019-20 Atul Foundation
The logo of Atul Foundation Trust (Atul Foundation) is a representation of the tree of life. The tree symbolises the interconnection and metaphorical co-dependency 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 the anganwadis renovated under the Model Anganwadi project. Atul Foundation has renovated 17 anganwadis located in and around Atul . The project included renovation of the existing infrastructure as well as adding kitchen and toilet. The interior design and that of the surrounding area are made vibrant and child friendly. It created a positive impact on the village community and also resulted in more children coming to anganwadis. Contents Compassion is passion at its positive best. ~ Tasneem Hameed Legacy 01 Introduction to the programs 10 Identity 03 Outreach 10 Purpose and Values 03 Operational highlights 11 Chairperson's foreword 04 Response to COVID-19 pandemic 22 Organisation 05 Financial highlights 25 Institutions 06 Auditor’s Report 26 Footprint 09 Acknowledgements 32 Make a difference 33
1 Legacy 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 Lalbhai, his elder son and a chemical engineer, to develop Atul, both of whom continued with the fine legacy. In 1978, Mr Siddharth Lalbhai 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 Foundation was established in 2010 as an umbrella trust of Atul.
2 Annual Report 2019-20 I Atul Foundation 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 a whole. ~ Kasturbhai Lalbhai 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 did most of the people who worked with Mr 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 hand will always remain our guiding force.
3 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. Values Empathy Perceive, relate and respond to the difficulties, emotions and needs of others Benevolence Help the needy without any discrimination, selflessly and humbly Collaboration Work as a team and develop meaningful 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 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
4 Annual Report 2019-20 I Atul Foundation Chairperson’s foreword Dear All, I am happy to present the Annual Report 2019-20 of Atul Foundation Trust. Just when 2019-20 was about to end, COVID-19 pandemic scripted a new chapter in the life of human beings and has since forced new normal ways of living. The pandemic, amongst others (such as simplicity, minimalism, hygiene and exercise), has taught us that strengthening villages and making them self-reliant (atmanirbhar) is the way forward for India. Atul Foundation in its own small way is working in villages to unravel their potential. During 2019-20, Atul Foundation continued with the initiatives to provide quality education - Atul Adhyapikas created signifcant change in reading, writing and basic arithmetic capabilities amongst children of class 1 to class 4. Students of Atul Vidyamandir made themselves and their school proud with their achievements in sports, fne arts and academics - they won many state and national level medals. Throughout the year, life skills training was imparted to teachers of all the institutions. The Foundation trained 1,139 tribal youth in various vocational courses apart from imparting training to 161 farmers in beekeeping. 500 individual household toilets were built in 15 villages of Gujarat. 5,807 patients from 30 interior villages of Gujarat were treated through 44 eye camps and health camps along with blood donation camps. 3,633 students from 13 schools and 321 women of nearby villages were given treatment for anaemia and made aware about the disease. In response to COVID-19, it distributed 3,887 grocery kits to daily wage earners and needy people from 25 villages. Face masks were stitched and donated to corona warriors and NGOs. It developed 17 Model Anganwadis in seven villages and renovated a school and hostel to provide better infrastructure to the students from rural areas in and around Atul. In an endeavour to protect the environment, it planted 40,211 trees. It also took special initiatives to pay tribute to the legendary Founder of Atul, Mr Kasturbhai Lalbhai on his 125th birth anniversary. In the present uncertain times of the pandemic, Atul Foundation is committed to protect health and well-being, particularly of those less fortunate. It is working on developing large number of Poshanwadis in villages, building Model Anganwadis and implementing household solid waste management projects in villages to create sustainable impact on the lives and livelihoods of rural communities. It contributed ₹ 3 cr to the PM CARES Fund and ₹ 2 cr to the Gujarat Chief Minister Relief Fund to complement the mighty efforts of the government. On behalf of Atul Foundation, I wish to express gratitude to all the supporters and well-wishers. With best wishes, Sincerely, (Vimla Lalbhai) Chairperson
5 Organisation Great things are brought about and burdens are lightened through the efforts of many hands anxiously engaged in a good cause. ~ Russell Ballard 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.
6 Annual Report 2019-20 I Atul Foundation Institutions Atul Foundation serves the society through the following institutions: 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 and marathons. 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 villages. It offers classes from kindergarten to 12 and the medium of instruction is Gujarati. Currently, it has 1,802 students. Urmi Established: 1953 Managed: Atul Foundation Trust About: Urmi empowers women by providing them with sustainable livelihood opportunities. Production of spices was introduced in the early 1960s; over the years, sun dried and iron pounded spices prepared using age-old traditional practices have evolved as the identity of the organisation. The complete process from sun drying to roasting, pounding, blending and packaging is managed by women from surrounding villages.
7 Atul Vidyalaya Established: 1991 Managed: Atul Vidyalaya Trust About: Atul Vidyalaya is a private unaided school providing quality education to children belonging to Atul and surrounding towns | villages. It offers classes from kindergarten to 12 and the medium of instruction is English. Currently, it has 1,241 students. 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. Utkarsh Established: 1965 Managed: Atul Foundation Trust About: Utkarsh provides a platform to promote social and cultural programs for residents of Atul and surrounding villages. It organises music and dance competitions, annual funfairs and cultural events.
8 Annual Report 2019-20 I Atul Foundation Atul Vidyamandir Adopted: 2009 Managed: Atul Vidyalaya Trust About: Atul Vidyamandir is an Eklavya model residential school that operates under the Public Private Partnership (PPP) model with 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. 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. So far, 7,843 tribal students have been trained of whom about 75% have been placed. 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.
9 Footprint Wherever there is a human being, there is an opportunity for a kindness. ~ Lucius Seneca 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 2019-20, the Foundation has undertaken | supported projects in Gujarat, Karnataka, Maharashtra and Rajasthan. 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 ten years. 4 states 22 districts 1,400 villages 19 districts 1,367 villages Education Relief Empowerment Infrastructure Health Conservation
10 Annual Report 2019-20 I Atul Foundation Introduction to the programs Start by doing what is necessary; then do what is possible; and suddenly you are doing impossible. ~ Francis of Assisi 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 villages with adequate livelihood facilities Conservation Promote the judicious use of natural resources and preserve ecology Outreach Nurtured 13,680 children through quality education Empowered 3,291 farmers, tribal youth and women through various vocational training courses Helped 19,700 children, youth, men and women through various health programs Supported 13,800 migrant labourers and poor people affected by lockdown due to COVID-19, through various relief measures Improved living conditions of 20,000 people through various infrastructure projects Benefted 10,800 people through various conservation activities
11 Operational highlights During 2019-20, Atul Foundation Trust (AFT) undertook the following projects: Education Education is the movement from darkness to light. ~ Allan Bloom No. Project Location Implementing agency Impact 01. Infrastructure in Kalyani Shala Atul (Gujarat) Atul Kelavani Mandal Provided better infrastructure facility to 1,802 students of Kalyani Shala 02. Improvement of quality of education in primary schools through Atul Adhyapika project 91 villages (Gujarat) AFT Imparted education by 106 Atul Adhyapikas in 105 primary schools in rural areas 03. Education support to children of salt pan workers Patdi (Gujarat) Gantar Trust Supported 30 children of salt pan workers to prepare for SSC board examination 04. Capacity building of teachers** Atul , Dharampur (Gujarat) AFT Trained 125 teachers in innovative teaching methods Trained 125 primary school teachers on child safety 05. Education infrastructure in a tribal school Pardi (Gujarat) Shree Vallabh Seva Kendra Provided better facilities for education to 180 tribal children 06. Manuscript preservation Ahmedabad (Gujarat) L D Bhartiya Sanskruti Vidyamandir Provided support to digitalise over 80,000 rare manuscripts 07. Books on Indian culture Jaipur (Rajasthan) Prakrit Bharati Academy Published four books promoting traditional knowledge and culture 08. Kit of essential items** Atul (Gujarat) AFT Provided kits of essential items to 125 children raised by single parents | relatives 09. School development in tribal area Chondha (Gujarat) AFT Provided guidance and technical support to develop a tribal school to beneft 205 students **Initiative to celebrate the 125th birth anniversary of Mr Kasturbhai Lalbhai
12 Annual Report 2019-20 I Atul Foundation No. Project Location Implementing agency Impact 10. Digital education at Sanskrit Mahavidyalaya Pardi (Gujarat) Swadhyay Mandal Supported to build computer lab benefting 104 students 11. Educational therapy to special children Bharuch (Gujarat) OSMOSIS Play Centre and Education Games Library Provided educational therapy to 60 special children 12. Rural education 18 villages (Gujarat) Atul Rural Development Fund (ARDF) Assisted 3,759 students of 33 primary schools with study material Provided wholesome food to 133 students in two tribal hostels Arranged for a computer teacher for 236 students in a school Provided computer to a primary school benefting 201 students Supported three needy students to complete their higher studies
13 Empowerment The future belongs to those who learn more skills and combine them in creative ways. ~ Robert Greene No. Project (partner, if any) Location Implementing agency Impact 1. Skill development (Development Support Agency of Gujarat, Government of Gujarat ) Ozarpada (Gujarat ) ARDF Trained 498 students to use industrial sewing machine Trained 146 students as data entry operators and account assistants Trained 121 students as electricians Trained 95 students to repair computers Trained 68 students as chemical plant process attendants Trained 67 students as bedside assistants Trained 60 students to repair mobile phones Trained 58 students as refrigeration and AC technicians Trained 15 students as welders Trained 11 students as JCB operators 2. Computer and English language skills Atul (Gujarat ) ARDF Trained 160 students in basic computer skills and 65 students in English 3. Livelihood through beekeeping 15 villages Valsad (Gujarat ) Under The Mango Tree Trained 161 tribal farmers in beekeeping 4. Women empowerment Atul (Gujarat ) ARDF Trained 173 women in baking, beauty and styling, food and nutrition and garment making
14 Annual Report 2019-20 I Atul Foundation No. Project (partner, if any) Location Implementing agency Impact 5. Apprenticeship training Atul (Gujarat ) Atul Ltd Provided training and employment to 264 youth in Atul , over and above the statutory requirement under the Apprentice Act, 1961 6. Godaan project** 28 villages (Gujarat ) AFT Provided cows with calf to 125 families Completed artifcial insemination with sorted semen of 125 cows 7. Seed distribution** 3 villages (Gujarat ) AFT Provided good quality seeds to 125 tribal farmers 8. Tribal home stay project 6 villages (Gujarat ) AFT Supported 17 tribal families to develop 23 rooms for providing home stay facilities to tourists visiting Statue of Unity, Kevadia 9. Micro-entrepreneur development** Ozarpada (Gujarat ) AFT Provided training with tool kits to 58 tribal youth to become micro-entrepreneurs **Initiative to celebrate the 125th birth anniversary of Mr Kasturbhai Lalbhai
15 Health Health cannot be a question of income; it is a fundamental human right. ~ Nelson Mandela No. Project (partner, if any) Location Implementing agency Impact 01. Individual household toilets 15 villages (Gujarat ) ARDF Constructed 500 individual household toilets benefting about 2,500 individuals 02. Rural health (Valsad Raktdan Kendra, RNC Free Eye Hospital) 30 villages (Gujarat ) ARDF Collected 1,950 units of blood through 28 blood camps Organised 12 eye camps benefting 3,432 patients of whom 2,649 were provided with spectacles, 98 patients were operated for cataract Provided health check-up and treatment to 333 people through a general health camp Organised workshop on food and nutrition for 92 rural women 03. Sports kits to rural schools** Valsad (Gujarat ) AFT Provided sports kits to 125 rural schools 04. Awareness and treatment of anaemia Valsad (Gujarat ) Nouryon | AFT | ARDF Organised awareness camps and provided treatment of anaemia to 3,633 students and 321 rural women 05. Drinking water facility Valsad (Gujarat ) Anarde Foundation Installed water treatment plant to provide potable drinking water benefting 376 students of two schools 06. Medical equipment for trust laboratory Laxmipura (Gujarat ) Gyanmandal Laxmipura Group Prerit Arogya Mandal Provided medical instrument for effective treatment benefting about 5,000 people in and around Laxmipura village
16 Annual Report 2019-20 I Atul Foundation No. Project (partner, if any) Location Implementing agency Impact 07. Blood units to patients Bharuch (Gujarat ) Seva Yagna Samiti Provided 200 units of blood to destitute, poor and needy patients 08. CT scan centre Valsad (Gujarat ) Kasturba Vaidyakiya Rahat Mandal Established CT scan centre for patients from Valsad district 09. Sports infrastructure and equipment Atul (Gujarat ) AFT | ARDF Provided better sports infrastructure and equipment for students and youth living in and around Atul 10. Marathon - Atul Run Atul (Gujarat ) ARDF Promoted sports and ftness through marathon - Atul Run, where about 1,600 people participated
17 Relief A generous heart, kind speech and life of service and compassion are the things which renew humanity. ~ Gautama Buddha No. Project (partner, if any) Location Implementing agency Impact 1. Fertiliser kits to farmers Haria (Gujarat ) ARDF Supported 69 farmers with fertiliser kits 2. Medical assistance to needy people Atul (Gujarat ) ARDF Assisted fve patients with fnancial help for the treatment of critical illnesses 3. Blood to thalassemia patients Valsad (Gujarat ) Valsad Raktdan Kendra Provided blood units to 57 thalassemia patients 4. Advanced treatment of cancer patients Karamsad (Gujarat ) Charutar Arogya Mandal Assisted 20 cancer patients with advanced medical treatment 5. Food packets and ration to needy people Atul (Gujarat ) ARDF Provided food packets and ration to elderly and needy people 6. Community marriage Atul (Gujarat ) Shree Chandramauleshwar Mahadevji Sansthan Trust Shree Valsad Taluka Patel Samaj Pragati Mandal Provided fnancial support to organise community marriage of underprivileged couples 7. Support to special people Bengaluru (Karnataka) Mathru Foundation Supported to develop a computer lab for differently abled children
18 Annual Report 2019-20 I Atul Foundation Celebrating 125th birth anniversary of Mr Kasturbhai Lalbhai Immortality is to live your life doing good things and leaving your mark behind. ~ Brandon Lee To mark the occasion of 125th birth anniversary of our Founder, Mr Kasturbhai Lalbhai, Atul Foundation took up 16 social initiatives. Through these initiatives, the Foundation tried to make difference in the lives of the less privileged sections of society in meaningful ways. Out of these 16 initiatives, 13 have been implemented and the remaining three initiatives are under implementation. It is an attempt to pay our sincere tribute to our Founder. donated a cow and a calf to 125 tribal families provided good quality seeds to 125 farmers provided sports kits to 125 primary schools supported 125 needy children developing 125 micro-entrepreneurs supporting 125 critically ill patients
19 conducted 125 value workshops in rural schools donated 125 handcrafted story books trained 125 students to spread awareness against the use of plastic promoted ecotourism sites among 125 organisations developing a team of 125 volunteers planted 125 medicinal plants presented street plays by 125 children empowered 125 teachers on child safety supported families of 125 special children trained 125 primary teachers on innovative methods of teaching
20 Annual Report 2019-20 I Atul Foundation Infrastructure The soul of India lives in its villages. ~ Mahatma Gandhi No. Project (partner, if any) Location Implementing agency Impact 1. Infrastructure support for institution building Valsad (Gujarat ) World Renewal Spiritual Trust Provided support to build an institution 2. Rural infrastructure Six villages (Gujarat ) ARDF Renovated a culvert benefting 300 villagers Installed street lights benefting 2,552 villagers Laid a paver block road benefting 550 villagers Participated in pond recharging scheme Sujalam Sufalam Jal Sanchay Abhiyan benefting a village 3. Model Anganwadi Seven villages (Gujarat ) ARDF Renovated 17 anganwadis benefting around 340 children 4. School | hostel renovation Two villages (Gujarat ) ARDF Renovated a tribal hostel and a high school, benefting 314 children 5. Infrastructure in crematorium Atul (Gujarat ) AFT Built sheds and upgraded facilities, benefting around 15 villages
21 Conservation We are the last generation with a real opportunity to save the world. ~ Laurence Overmire No. Project (partner, if any) Location Implementing agency Impact 1. Afforestation Atul (Gujarat ) Atul Ltd Planted 40,211 trees 2. Plantation of medicinal plants** Atul (Gujarat ) AFT | Kalyani Shala Planted 125 medicinal plants to promote awareness among children 3. Coastal cleanliness program Daman (Gujarat ) AFT | Indian Coast Guard Air Station Supported coastal cleanliness drive Over 500 students and teachers had participated in a drive to clean Kadiya beach 4. Training on harmful effect of plastic** Atul (Gujarat ) AFT | Kalyani Shala Trained 125 students to spread awareness in their neighbourhood about the harmful effects of plastic 5. Promoted fve ecotourism sites** Atul (Gujarat ) AFT | Atul Vidayalaya Promoted fve ecotourism sites among 125 organisations **Initiative to celebrate the 125th birth anniversary of Mr Kasturbhai Lalbhai
22 Annual Report 2019-20 I Atul Foundation Response to COVID-19 pandemic There is no higher religion than human service. To work for the common good is the greatest creed. ~ Woodrow Wilson Through these uncertain and testing times of COVID-19, Atul Foundation has stepped up its support to different communities. It has gathered resources and skills to stand by the lesser privileged, migrant workers, front line community workers and the government. The Foundation responded to the crisis in the following ways: Preventive | protective measures to combat COVID-19 Atul Foundation ensures that health and safety remain its primary focus in all actions that it undertakes in response to COVID-19 pandemic. Protection through mask: Atul Institute of Vocational Excellence has lent its support and strength by stitching over 1,00,000 masks. 24,200 masks have been donated to protect anganwadi workers, female health workers, ICDS staff, blood banks, NGO volunteers and individuals. The masks are being stitched by the rural women trained by the institute. The user-friendly masks are also available for individuals at low rates.
23 Awareness drive: Education and awareness among the communities is the key step to fght against COVID-19. Atul Foundation is constantly trying to remain in touch with its 3,424 students, more than 300 teachers and ground level staff members. The Foundation provides education and awareness to team members through virtual medium. It ensures that all the team members are aware about the safety guidelines. 84 Atul Adhyapikas from interior locations are running awareness campaigns in their own villages and contributing their bit to fght against COVID-19. The Foundation has educated over 20,000 students, parents and youth on protective measures against COVID-19 and on building immunity.
24 Annual Report 2019-20 I Atul Foundation Relief measures to support needy Contribution: Atul Ltd has contributed ₹ 3 cr to PM CARES Fund and ₹ 2 cr to Gujarat Chief Minister Relief Fund to support the government to manage the crisis. Ensure availability of ration: Many migrant and unorganised sector workers lost their source of earning due to sudden lockdown announced in the country. The Foundation has supported 3,887 families from 25 villages by providing them grocery kits. All the precautions and guidelines were followed during the process of making and distributing kits. Support to migrant workers: The Foundation has assisted the migrant workers to reach their native place safely. They were also provided with water and refreshments to sustain them during their long journey back home. Cooked meal for needy people: During the COVID-19 lockdown, many labourers, daily wage earners and homeless people faced diffculties to get a single square meal per day. To reduce their agony and struggle for food, Atul Foundation in association with Lokmangalam Charitable Trust provided cooked meals to 400 needy people from Valsad city.
25 Financial highlights Where the monies came from Particulars Amount received ` lakhs % Companies 1,039.57 52.46% Government grants 770.54 38.88% Donation-others 36.34 1.83% Interest income 101.61 5.13% Miscellaneous income 33.56 1.69% 1,981.61 100% On which programs the monies were spent Particulars Amount spent ` lakhs % Education 776.42 45.02% Empowerment 605.32 35.10% Health 196.54 11.40% Relief 60.98 3.54% Infrastructure 72.18 4.19% Conservation 13.06 0.76% 1,724.48 100% Particulars Amount used ` lakhs % Programs 1,544.02 77.92% Asset creation 180.46 9.11% 1,724.48 87.02% Administration 71.92 3.63% Unspent 185.21 9.35% 1,981.61 100% Programs Asset creation Administration Unspent Companies G overnment grants Donation-others Interest income M iscellaneous income 39% 52% 2% 2% 5% 78% 4% 9% 9% Education Empowerment Health Relief Infrastructure C onservation 45% 35% 11% 4% 1% 4% How the monies were used
26 Annual Report 2019-20 I Atul Foundation 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, 2020 We have examined the Financial Statements of Atul Foundation Trust for the year ended March 31, 2020 and to the best of our knowledge and belief and according to the information and explanations provided to us, we report as under: a) Whether accounts are maintained regularly and in accordance with the provisions of the Act and the Rules? Yes b) Whether receipts and disbursements are properly and correctly shown in the accounts? Yes c) 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? Yes d) Whether all books, deeds, accounts, vouchers, other documents or records required by the Auditor were produced before him? Yes e) Whether a register of movable and immovable properties is properly maintained, 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 complied with? Yes f) 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? Yes g) Whether any property or funds of the Trust were applied for any object or purpose other than the object or purpose of the Trust? NA h) Amount outstanding for more than one year and the amount written off, if any Nil i) Whether tenders were invited for repairs or construction involving expenditure exceeding `5,000? NA j) Whether any money of the Trust has been invested contrary to the provisions of Section 35? NA k) Whether alienations, if any, of the immovable property contrary to the provisions of Section 36 have come to the notice of the Auditor? No l) Whether there is any special matter which the Auditor may think fit or necessary to bring to the notice of the Deputy or Assistant Charity Commissioner? No For B R Shah & Associates Chartered Accountants Firm registration number: 129053W Deval Desai Ahmedabad Partner July 1, 2020 Membership number: 132426
27 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, 2020 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 purpose 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, 2020 b) In case of the Profit and Loss account of the profit or loss of its accounting year ending on March 31, 2020 The prescribed particulars are annexed hereto. For B R Shah & Associates Chartered Accountants Firm registration number: 129053W Deval Desai Ahmedabad Partner July 1, 2020 Membership number: 132426
28 Annual Report 2019-20 I Atul Foundation Annexure Statement of particulars 1. Application of income for charitable or religious purposes 1. Amount of income of previous year applied to charitable or religious purpose in India during that year ₹ 6,09,01,837 2. 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 ₹ 80,00,000 3. 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 ₹ 1,19,85,489 4. Amount of income eligible for exemption under Section 11(1)(c) Nil 5. 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) Nil 6. 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 NA 7. 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 NA 8. 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 No 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 No 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 No 2. Application or use of income or property for the benefit of persons referred to in Section 13(3) 1. 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 No
29 2. 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 No 3. Whether any payment was made to any such person during the previous year by way of salary, allowance or otherwise? If so, give details No 4. 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 No 5. 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 together with the consideration paid No 6. 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 together with the consideration received No 7. 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 No 8. 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 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 No. Name and address of the concern 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 column 4 exceeded 5% of the capital of the concern during the previous year say, yes | no 1. 2 3 4 5 6 Not applicable For B R Shah & Associates Chartered Accountants Firm registration number: 129053W Deval Desai Ahmedabad Partner July 1, 2020 Membership number: 132426
30 Annual Report 2019-20 I Atul Foundation Balance Sheet for the year ended March 31, 2020 (` lakhs) Funds and liabilities 2019-20 2018-19 Trust fund 1.00 1.00 Reserves and surplus 34.04 23.70 Designated funds 196.70 8.29 231.79 32.99 Current liabilities and provisions 0.05 - (` lakhs) Property and assets 2019-20 2018-19 Fixed assets 2.80 - Investments 20.00 20.00 Current assets, loans and advances 208.99 12.99 231.79 32.99 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 July 1, 2020 July 1, 2020
31 Income and Expenditure Statement for the year ended March 31, 2020 (` lakhs) Expenditure 2019-20 2018-19 Administrative expenses 17.10 17.87 Depreciation 1.02 - Expenditure on objects of the Trust a) Education and Empowerment 386.36 106.50 b) Health 172.73 318.32 c) Relief 124.70 36.73 d) Infrastructure 54.50 153.73 e) Conservation 42.04 10.00 Surplus carried over to the Balance Sheet 10.42 12.71 808.87 655.86 (` lakhs) Income 2019-20 2018-19 Donations 796.77 641.31 Interest 12.10 14.40 Other income - 0.15 808.87 655.86 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 July 1, 2020 July 1, 2020
32 Annual Report 2019-20 I Atul Foundation Acknowledgements We cannot help everyone, but everyone can help someone. ~ Ronald Regan 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 Valsad Badminton Association Community Food and Nutrition Extension Units, Valsad Foundations, trusts and other entities Bharat Vikas Parishad Charitable Trust Eklavya Adivasi Bal Shikshan Sewa Trust RNC Free Eye Hospital Sainath Sevabhavi Mandal Valsad Raktdan Kendra Vikram A Sarabhai Community Science Centre Parenting for Peace Companies and Firms Global Industrial Corporation Nouryon RBL Bank Individuals No. Name 01. Darshan Acharya 02. Denish Acharya 03. Vrajesh Aghera 04. Bhumin Ahir 05. Ranjit Ahir No. Name 06. Pawan Badukale 07. Uday Bapat 08. Madan Bastwadkar 09. Kailash Bharambe 10. Jignesh Bilimoria
33 No. Name 11. Pavan Brahmandam 12. Dharmesh Chaudhari 13. Jitendra Chavan 14. Rajesh Chadha 15. Mehul Contractor 16. Naresh Daga 17. Manoj Dalal 18. Pankaj Das 19. Apurva Datta 20. Abhinaba De 21. Amit Desai 22. Anand Desai 23. Bharat Desai 24. Darshan Desai 25. Deepak Desai 26. Gautam Desai 27. Jayesh Desai 28. Ketan Desai 29. Kishor Desai 30. Mayur Desai 31. Nipul Desai 32. Ojas Desai 33. Rohan Desai 34. Sameer Desai 35 Tejas Desai 36. Vikram Desai 37. Amish Dhimmar 38. Bimal Dodia 39. Prashant Dodia 40. Manoj Doshi 41. Anil Gajjar 42. Ashish Gandhi 43. Ketan Gupte 44. Pratip Haldar 45. Manoj Har 46. Shreevenkatesh Iyer 47. Swapna Iyer 48. Rejoy Jacob 49. Arun Jain 50. Ashok Jaiswar 51. Ramchandra Jani No. Name 52. Vinita Johary 53. Jaighosh Joshi 54. Jayesh Joshi 55. Rohit Joshi 56. Sunil Joshi 57. Manoj Kaduskar 58. Yeshwant Kaduskar 59. Sushma Kazi 60. Javed Khan 61. Nikhil Khandre 62. Vasudev Koppaka 63. Sriram Krishnamurthy 64. Amit Kumar 65. Jigar Kumar 66. Manoj Kumar 67. Mukesh Kumar 68. Rajeev Kumar 69. Sapna Kute 70. Anish Lad 71. Hiren Lad 72. Jayesh Lad 73. Kirti Lad 74. Vishwas Makwana 75. Sunder Mahaling 76. Chetan Mehta 77. Jigar Mehta 78. Mahesh Mehta 79. Yogesh Mistry 80. Bharathy Mohanan 81. Ajay Motee 82. Pavan Mundada 83. Ganesa Muruganandam 84. Sadhana Naik 85. Ramamurthy Narasingarao 86. Sambasivarao Neerukattu 87. Krishnakant Panchal 88. Kiran Panda 89. Jitendra Pandey 90. Kamlesh Pange 91. Amar Parekh 92. Nirmal Parmar Individuals (continued)
34 Annual Report 2019-20 I Atul Foundation No. Name 93. Alpesh Patel 94. Ashok Patel 95. Aslam Patel 96. Bhaskar Patel 97. Bhavesh Patel 98. Chetan Patel 99. Darpan Patel 100. Dharmesh Patel 101. Harendra Patel 102. Hitesh Patel 103. Nitin Patel 104. Rashmikant Patel 105. Ritesh Patel 106. Sanjay Patel 107. Sarosh Patel 108. Sumit Patel 109. Vipul Patel 110. Virendra Patel 111. Vishal Patel 112. Yogesh Patel 113. Rakesh Pathak 114. Ganesh Patil 115. Krushnadas Patil 116. Lalit Patni 117. Noopur Perry 118. Pallavi Prabhu 119. Chaitanya Prajapati 120. Harish Prajapati 121. Arun Prasad 122. Kamlesh Prasad 123. Dushyant Purohit 124. Salian Raghuram 125. Jatin Rajput 126. Prashant Ramteke 127. Amit Rana 128. Ujwal Rana 129. Venugopala Rao 130. Govind Rathi No. Name 131. Darshan Raval 132. Ankit Ravindra 133. Bhaskar Reddy 134. Raman Rekhi 135. Sutirha Roy 136. Indravadan Sadhwani 137. Sanjay Sapre 138. Thulasi Sapre 139. Manish Sathvara 140. Kiran Savaliya 141. Pratik Savant 142. Niliam Shah 143. Rushabh Shah 144. Sarang Shah 145. Tabrez Shaikh 146. Chirag Sharma 147. Sudhakara Shetty 148. Diptesh Sil 149. Manoj Simpi 150. Alpana Singh 151. Sabhapati Singh 152. Shushil Singh 153. Murtaza Sinnarwala 154. Kenal Solanky 155. Manisha Sonawan 156. Rakesh Sureshchandra 157. Ashok Tailor 158. Rahul Tarar 159. Vikram Thakker 160. Gopi Kannan Thirukonda 161. Sharat Tripathi 162. Dilip Vadaliya 163. Sunil Vaidya 164. Gautam Varde 165. Sanjay Vashi 166. Rana Vishnoi 167. Yogesh Vyas 168. Ajay Yevle Individuals (continued)
35 We can change the world and make it a better place. It is in our hands to make a difference. ~ Nelson Mandela 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 (FY 2019-2020 project spend: ₹ 790.75 lakhs, administration cost: ₹ 17.10 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 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), please write to email@example.com Contributions or donations to Atul Foundation qualify for tax exemption under Section 80G of the Income Tax Act, 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, Atul Atul account number: 911010029486212 IFSC: UTIB0000459 Make a difference Highlights: 2019-20 make a difference Atul Adhyapika Model Anganwadi Solid waste management Anaemia project Health camps Vocational training for youth and women 1 2 3 4 5 6
36 Annual Report 2019-20 I Atul Foundation Highlights of 2019-20 Atul Adhyapika Model Anganwadi Solid waste management Anaemia project Health camp Vocational training for youth and women
Trust information Trustees Background Dr Vimla Lalbhai (Chairperson) FRCS - Royal College of Surgeons London Social worker Dr Rana Vishnoi (Managing Trustee) PhD - Indian Institute of Technology, Mumbai Former Managing Director, Amal Ltd Mr Sharat Tripathi BTech - Indian Institute of Technology, Kanpur President - Human Resources, Atul Ltd Mr Bharat Trivedi BTech - Indian Institute of Technology, Mumbai Former President - IT, Atul Ltd Ms Swati Lalbhai ACA - Institute of Chartered Accountants of India Managing Director, Aagam Holdings Pvt Ltd Statutory Auditors Registered office Bankers B R Shah & Associates Atul Rural Development Fund Axis Bank Ltd Atul 396 020, Gujarat RBL Bank Ltd India E-mail: firstname.lastname@example.org