CHARTER FOR COMPASSION SOCIETY OF PAKISTAN

BALANCE SHEET
AS AT JUNE 30, 2024

2024
Note Rupees

ASSETS

Non-Current Assets

Plant & Equipment 4 59,801,364

Current Assets

Loan, advances & deposits 5 26,902,691

Tax refund due from government 6 418,601
Cash and bank balances 7 24,164,779
51,486,070

Total Assets 111,287,434

Current Liabilities

Short term borrowing 8 10,196,792

Accrued and other payables 9 16,042,568

26,239,360

NET ASSETS 85,048,075

Represented by:

General Fund 10 85,048,075

The annexed notes form an integral part of these financial statements.

________________ ________________
President Treasurer
STAN

2023
Rupees

52,001,186

23,393,644
364,001
21,012,851
44,770,496

96,771,682

9,529,712

14,993,054
24,522,766

72,248,916

72,248,916
 CHARTER FOR COMPASSION SOCIETY OF PAKISTAN
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED JUNE 30, 2024

2024 2023
Note Rupees Rupees

Receipts 11 326,021,677 283,497,110

Project expenses 12 (243,255,733) (227,341,807)

Admin Expenses 13 (31,241,368) (29,197,540)

Financial charges (278,319) (260,111)

(274,775,420) (256,799,458)

Surplus for the year 51,246,256 26,697,652

The annexed notes form an integral part of these financial statements.

________________ ________________
President Treasurer
CHARTER FOR COMPASSION SOCIETY OF PAKISTAN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2024

1 LEGAL STATUS AND NATURE OF BUSINESS

Charter for Compassion Society of Pakistan (CFC) Karachi, was registered under the Societies Registration
Act, 1860, on May 17, 2011 as charitable organisation for the purpose of providing education and create
awareness of the role that Compassion plays in facilitating peaceful interactions at individual, societal,
national and global level. Its registered office is at 1st floor, Cotton Exchange Building, I.I. Chundrigar
Road, Karachi.

2 BASIS OF PREPARATION

These financial statements have been prepared under the generally accepted accounting principles as applied
to non-profit organisations in Pakistan.

3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies which have been adopted in the preparation of these financial statements
are as follows: -

3.1 Accounting Convention

These financial statements have been prepared on the historical cost convention without any
adjustments for the effects of inflation or revaluation of assets.

3.2 Equipment

These are stated at written down value.

Maintenance and repairs are charged to income as and when incurred.

3.3 Revenue Recognition

Income and expenses are accounted on accrual basis.

he Societies Registration
ng education and create
at individual, societal,
uilding, I.I. Chundrigar

ing principles as applied

ese financial statements

onvention without any

4 Fixed Assets

COST DEPRECTION
Rate
As at July 01, As at June 30, As at July 01, Depreciation As at June 30,
Particulars Additions
2020 2021 2020 for the year 2021
%
- - - - - - - - - - - - - Rupees - - - - - - - - - - - - - - - - - - - - - - - - - - Rupees - - - - - - - - - - - - -

Computer equipment 19,030,923 4,898,307 23,929,230 20 9,003,642 2,985,118 11,988,760

Furniture and fixtures 9,225,146 88,200 9,313,346 15 3,928,609 807,711 4,736,320

Motor vehicle 5,843,500 906,000 6,749,500 20 2,543,748 841,150 3,384,898

Plant and machinery 11,972,307 209,000 12,181,307 20 4,108,529 1,614,556 5,723,085

2 0 21 46,071,876 6,101,507 52,173,383 19,584,528 6,248,535 25,833,063

2020 - - - - - -
 W.D.V. as at
June 30, 2021

-------------

11,940,470

4,577,026

3,364,602

6,458,222

26,340,320
-
 2021 2020
Rupees Rupees

5 ADVANCES

Rent 1,934,300 1,990,300

Bid security 23,426,720 18,619,119
Other Receivable
Advance to staff 408,935 911,249
25,769,955 21,520,668

6 TAX REFUND DUE FROM GOVERNMENT

Income tax refundable 6.1 303,883 303,883

6.1 Income tax refundable

Opening balance 303,883 303,883

Advance tax paid / deducted 0 -
303,883 303,883

7 CASH AND BANK BALANCES

Cash in hand 193,332 302,694

Cash at bank 4,583,624 23,799,960
4,776,956 24,102,653

8 INTER COMPANY BORROWING

Inter Company Borrowing 8,501,326 4,521,183

8,501,326 4,521,183
8.1 It represent unsecured intrest free laon repayable within a year.

9 ACCRUED AND OTHER PAYABLES

Salaries payable 6,775,657 5,195,171

Ground rent
Taxes Payable 1,292,203 185,259
Lease payable - -
Fee Payable 6,376,516 8,201,303
 Accrued Liabilities 551,375
Audit fee payable 75,000 25,000
15,070,751 13,606,733

10 INCOME

Grant 166,394,497 169,275,469

Donation from Amin Hashwani
166,394,497 169,275,469

2021 2020
Note Rupees Rupees

11 PROJECT EXPENSES

Fees and subscription 1,222,080 1,608,875

Supplies expenses 13,397,413 13,275,076
Consultancy charges 12,929,300 15,515,585
Office rent
Utilities expenses 1,538,720 1,361,595
Internet charges 378,585 342,907
Depreciation 4 3,981,674 4,472,764
Courier and postage expenses 130,502 100,652
Repair and maintenance 3,885,213 3,914,583
Printing expenses 1,377,756 5,183,660
Training material development 13 35,919,178 6,230,426
Travel expenses 3,502,356 9,059,329
Meeting / Function expenses 504,756 487,676
Salaries and wages 69,941,500 73,909,582
Accomodation expenses 612,280 881,525
Management fee - -
Program activities 4,469,572 5,589,899
EOBI expenses 149,820 110,568
Entertainment expenses 1,164,912 1,345,061
Computer expenses 357,050 44,568
Photostat expsenses 86,528 203,787
Office supplies
Insurance expenses - -
Miscellaneous expenses 251,780 118,370
Insurance expenses - -
Interest expenses - -
Car registration - -
Ground rent 3,233,538 3,263,902
Fuel expenses 1,729,278 2,155,422
Web hosting and web services 15,500 11,500
Student transportation expenses - 4,598,781
Stationary expenses 6,820,918 3,068,801
Stamp duty expenses 1,982,560 -
 169,582,769 156,854,894

12 ADMIN EXPENSES

Audit fee 75,000 25,000

Supplies expenses 603,362 418,986
Office rent 135,223 153,084
Utilities expenses 710,608 478,463
Internet charges 162,098 101,103
Depreciation 2,266,861 1,759,621
Repair and maintenance 788,433 201,967
Printing expenses 281,191 755,635
Travel expenses 273,724 972,561
Salaries and wages 10,397,000 8,547,845
Entertainment expenses 105,772 173,417
Computer expenses 286,500 100,970
Photostat expsenses 7,976 27,013
Miscellaneous expenses 58,387 127,119
Insurance expenses 8,574 26,852
Interest expenses - 129,134
Car registration - 6,769
Fuel expenses 644,605 733,163
Stationary Expenses 257,840 93,792

17,063,154 14,832,494
13 TRAINING MATERIAL AND DEVELOPMENT
Health and Hygine (Covid-19) 29,369,238 -
Training material 6,549,940 -
Total 35,919,178 -

14 GENERAL

Figures have been rounded off to the nearest rupees.

Caprative figures have been rearranged/ reclassified for the purpose of camparision

________________
President
###

###
 CHARTER FOR COMPASSION SOCIETY OF PAKISTAN
Trial Balance
As On June-21

Account Debit Credit

Computer & Equipment 11,940,470
Fixtures & Furnitures 4,577,026
Motor Vehicles 3,364,602
Solar Panel 6,458,222
Security Deposit 871,300
HBL Account New 3,480
HBL (Old A/c.) 6,021
Sindh bank - Qambar 525,196
Cash In Hand 123,525
Petty Cash 69,807
Meezan Bank - Aman 1,694
Meezan Bank - Abad Lakha 5,667
Summit Bank - Bedil Bekas 7,993
Sindh Bank - SEF 473,078
Sindh Bank - PPRS 27,252
Sindh Bank - Setharja 170,880
Sindh Bank - Dodanko 506,749
Sindh Bank - Hussainabad 569,063
Sindh Bank - Tando Nazar Ali 84,166
Sindh Bank - Modern 853,260
Soneri Bank - GIZ 392,337
Soneri Bank 956,788
Other Receivables 330,343
Income Tax U/s. 235 15,422
Income Tax U/s. 236 1,388
Tax on Cash Withdrawl 287,073
Rent Deposit 1,061,315
Prepaid Rent 1,685
Staff Advance 78,592
Bid Security 8,122,241
Performance security 15,304,479
Accrued Liability 551,375
Salaries Payable 6,775,657
Fee Payable - 6,376,516
Audit fee payable 75,000
Other Current Liabilities 8,501,326
Income Tax u.s.153 and 149 1,292,203
Grants 166,394,497
General Fund 54,286,637
Fees and subscription 1,222,080
Audit fee 75,000
Supplies expenses 14,000,775
Consultancy charges 12,929,300
Office rent 135,223
Utilities expenses 2,249,328
Internet charges 540,683
Depreciation 6,248,535
Courier and postage expenses 130,502
Repair and maintenance 4,673,646
Printing expenses 1,658,947
Training material development 35,919,178
Travel expenses 3,776,080
Meeting / Function expenses 504,756
Salaries and wages 80,338,500
Accomodation expenses 612,280
Stamp Duty Expenses 1,982,560
Program activities 4,469,572
EOBI expenses 149,820
Entertainment expenses 1,270,684
Computer expenses 643,550
Photostat expsenses 94,504
Miscellaneous expenses 310,167
Insurance expenses 8,574
Ground rent 3,233,538
Fuel expenses 2,373,883
Web hosting and web services 15,500
Stationary Expenses 7,078,758
Bank Charges 416,174
Total 244,253,211 244,253,211
Difference (0)

244,253,211 244,253,211
Admin Expenses Project Expenses Total
- 1,222,080 1,222,080
75,000 - 75,000
603,362 13,397,413 14,000,775
12,929,300 12,929,300
135,223 - 135,223
710,608 1,538,720 2,249,328
162,098 378,585 540,683
 2,266,861 3,981,674 6,248,535
- 130,502 130,502
788,433 3,885,213 4,673,646
281,191 1,377,756 1,658,947
35,919,178 35,919,178
273,724 3,502,356 3,776,080
504,756 504,756
10,397,000 69,941,500 80,338,500
612,280 612,280
1,982,560 1,982,560
4,469,572 4,469,572
149,820 149,820
105,772 1,164,912 1,270,684
286,500 357,050 643,550
7,976 86,528 94,504
58,387 251,780 310,167
8,574 - 8,574
3,233,538 3,233,538
644,605 1,729,278 2,373,883
15,500 15,500
257,840 6,820,918 7,078,758
416,174 - 416,174
17,479,328 169,582,769 187,062,097
11% 102% 112%