Funding Model

When Parikrma was started in 2003, it was not with a large corpus fund or a single source of funding. Instead, we approached various friends, corporations, foundations, trusts and individual donors, as a credible and professional organization creating a development model with the potential to change the way we educate our masses.

Sustainability and scalability are two issues that face most nonprofit organizations. What is the optimum size of operations versus the funding available is a question uppermost in our minds.

Our vision guides us in this. We are clear that our aim is not to create a parallel movement to what already exists in the country. The Parikrma Model, instead, is a leadership model that provides a beacon to the existing network of Government schools and to anyone else attempting to provide education to the poor and the marginalized, on what it takes to prepare such a child for the life ahead.

Our support section indicates our current partnerships with these donor segments. Our funding goal is not just to meet our operational and infrastructure needs but also to build a corpus for any contingencies that may arise.

We are clear that we will not divert our focus away from our mission and engage in income-generating commercial activities that would provide a steady flow of income. Rather we will tap into the already existing sizable market for social funds by providing this target market with a credible and professional organization that is creating a development Model that has the potential to change the way we educate our masses. Every child who goes through Parikrma will spend around 18 years before he/she is ready to access the best opportunities on equal terms. We are, therefore, looking for partners that understand that creating such fundamental change needs long-term support.

Parikrma Humanity Foundation
No. 1846, 'C' Block, 3rd Main, Sahakarnagar, Bangalore - 560092
Balance Sheet as at 31st March, 2012
Particulars Note As at 31.3.2012
Rs.
As at 31.3.2011
Rs.
Equity and Liabilities      
Shareholder's Funds      
Share Capital 2.1 100,000 100,000
Share Application Money pending allotment 2.2 200,000 200,000
    300,000 300,000
Other Funds      
Corpus Fund 2.3 71,720,383 59,807,096
Desginated and endowment funds 2.4 32,223,961 32,223,961
    103,944,344 92,031,057
Current Liabilities      
Trade Payables 2.5 75,667 5,258
Other current liabilities 2.6 3,923,870 3,400,000
    3,999,537 3,405,258
    108,243,881 95,736,315
Application of Funds      
Non- current assets      
Fixed assets 2.7    
Tangible asset   8,141,432 7,489,062
Intangible asset   605 1,009
Non current investments 2.8 200,000 200,000
Long-term loans and advances 2.9 3,709,445 3,443,834
    12,051,482 11,133,905
Current assets      
Cash & Bank Balance 2.10 93,266,529 82,025,381
Short-term loans and advances 2.11 2,848,390 866,197
Other current assets 2.12 77,480 1,710,832
    96,192,399 84,602,410
    108,243,881 95,736,315
       
Sigificant accounting policies 1    
The notes referred to above from an integral part of these financial statements
As per our report of even date attached
   
       

for B S R & Company
Chartered Accountants
Firm Registration No: 128032W

Zubin Shekary
Partner
Membership No: 048814

Place: Bangalore
Date: 21.09.2012

for B S R & Company
Chartered Accountants
Firm Registration No: 128032W

Shukla Bose
Director

Manab Bose
Director

Place: Bangalore
Date: 21.09.2012