15 Jan 2016
SFP Audit Report 2014-15 Released
The Audit Report of the fiscal year 2014-2015 has been received. The purpose of this report is to depict the transparency of our performance before general public. Your constructive feedback is more than welcome to improve our performance. A brief summary is presented over here for our valued readers.
In the fiscal year 2014-15 (up to June 2015), 274 families have been inducted into support program, whereas 39 families declared financially stable and deducted from it. A net increase of Rs. 3,442,000/= per month is evident due to mentioned rise of supporting families. The expenses of 333 ongoing supporting families were revised and support increased up to Rs. 16,88,000/=, therefore the total increase in the monthly expenses is approximately Rs. 51,30,000/=. On the other hand, the donation amount received by organization remained unchanged; therefore SFP bear the shortfall of approximately Rs. 5 millions per month. Alongside, the indirect expenses of the families have also increased by more than Rs. 2.6 millions, which is the reason behind the deficit of amount Rs. 41,583,738/= in the account.
It is noteworthy that in spite of our expanding network, administrative expenses are restricted within 4% (of the total donation) only.
Concludingly, we raise our hope to our valued donors that the support of our hands will continue as previous, in this noble cause financially, morally and in prayers as well.