P.

Gautam & Associates Sarasmarga, Anamnagar

Kathmandu, Nepal
Chartere d Accounranrs Tel: +977 | 6209805
E-mail: pgautam. associates@grnail. com

Independent Auditor's Report of

Umbrella Organization Nepal
for the financial year 2or4-r5 QoV-72)

The Members,
We have audited the accompanying Statement of Financial position of Umbrella
Organization Nepal as of 16 July zor5 (Ashad 3t, zoTz) and Income & Expenditure Statement,
Fund Accountability Statement and Summary of Significant Accounting policies
& Other
Explanatory Notes for the period then ended.
Management is responsible for the preparation and fair presentation of these financial
statements in accordance with applicable generally accepted accounting principles.
This
responsibility includes: designing, implementing and maintiining internal corrtrot
relevant to
the preparation and fair presentation of financial statements that are free from material
misstatement, whether due to fraud or error; selecting and applying appropriate
accounting
policies; and making accounting estimates that are reasonable ilr the
circumstances.
Our responsibility is to express an opinion on these financial statements based on
our audit.
We conducted our audit in accordance with Nepal Standards on Auditing.
Those standards
require that we comply with ethical requirements and plan and perform ihe
audit to obtain
reasonable assurance whether the financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend
on the auditor,s
judgment, including the assessment of the risks of material misstatement
of the financial
statements, whether due to fraud or error. In making those risk assessments,
the auditor
considers internal control relevant to the entity's preparation and fair preseniation
of the
financial statements in order to design audii procedures that uppropriate in the
circumstances, but not for the purpose of expressing an opinion on"."the effectiveness of the
entity's internal control. An audit also includls evaluating ih"
of accounting
policies used and the reasonableness of accounting estimaies "pp.op.iateness
-"a" Uy
evaluating the overall presentation of the financial statements. We-unagement,
as well as
believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis
for our audit
opinion.
Qpinion
In our opinion, based on the information and explanation provided to us and
our audit, those
financial statements give true and fair view ofthe financiaiposition for the period
ending ro;
July zor5, and of the results of its operations of Umbrella Organization Nepal for the period
then ended in accordance with generally accepted accounting-principles.

tr.\@ '\e= #ryN

*#
CA. Prahlad Gautarir
Kathmandu
Date: OE.\t' ut5
 Umbrella Organisation NePal
Swoyambhu-r5, Kathmandu

Statement of Financial Position

as at 3rnd Ashadh zoTr (r6fuly zor5)

NRs.

Schedule Current Year Previous Year

Particulars

Assets

Noq-eqrreulA96.ets:
Pronertv. Plant & Equipment I 5r5,8gg i25363
Iotal Non-current Assets 5r5,899 525363

CurreUlUIEgCIs:
2 z,o25,zLO 545,o58
Prepayments & Receivables
Cash & Bank 3 t,6t2,976 4,o85,o65
Iotal Current Assets r3,638,186 4163ortz3
Total Assets t4r:54rO85 5,r55,486

Fund & Liabilities

ea+i!al& General Fund:

Capital Fund 5r5,8gg 525363
General lrund (Unrestricted Fund) .|1 t4,z8z,4zt 4,5o6,t67
T'otal Capital & General Fund r4,7g83zo 5,o31,53o

Current.Iiabilitiest
Current Liabilities & Provisions 5 (6++,zl+) ni,g56
Iotal Current Liabilities (6++,zl+) tz1,1956

Iotal Funds & Liabilities t4rt54ro85 5,r55,486

As per our rePort ofeven date

Megh Balladur Ale

Chairperson :.
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Proprietor
P.Gautam & Associates
\A/ Chartered Accountants
Date: o5l:nlzot5
VimaMumar Thapa
Treasurer
a)
P'em Sing, ,W
I '3\ $z
Keshu Sharma
Program Directcrt Finance &Admin Officer
 Umbrella Organisation Nepal
Swoyambhu-r5, I(athmandu

, Income & Expenditure Statement

For the year ended 3rnd Ashad zoTz (16 fuly zor5)

NRs.
Particulars Schedule Current Year Previous Year

Income

Grants & Donation Income 6 36,632,o6r 30,760,7_4o

Write Back of Payables
Discount received 29,OO3 83,54t
Interest received :":7,z8o rrg,o98
Other Income 3,963 4t,z3B

Total Income (A) 1617823o7 3troo4r6t7

Exoenditure
Programme Costs 7 24,rL7,43r 2639o385
Administration Costs B z,7z6,tzz 2,246,688
Write Offs 9
Total Expenditure (B) z6,8aa,<sr 28,637ro73
Surplus (A-B) 9,938,754 2,767,54
Unrestricted 6,8873r5 2367,544
Restricted 3,o5L,439

As per our report ofeven date

Me[h Ba
6nr
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CA. Prahlad Gurtu*
.F
Chairperson
\M9 /it.Gar'rtu-
Proprietor
& Associates
Chartered Accountants
VimalKumar Thapa o5lttlzot5
Treasurer

n-1
Prem Sing rh"[)P Keshu Sharma
Program Director rl Finance &Admin Officer
 Umbrella Organisation Nepal
Swoyambhu-r5, Kathmandu

Fund Accountability Statement

For the year ended 3rnd Ashad zoTz(r6fuly zor5)

NRs.
Particulars Schedule Current Year Previous Year

Opening Fund Balance 2',233,5o4

4,5o6,t67
Bank Balance
3 3,854,46r 2,725,266
Cash in Hand
z3o,6o4 234,o72
Prepayments & Receivables 2 545,o58 74L,7ro
Current Liabilitie.s & Provisions
Q4,956) Q,467,546)

Prior period error

(+s,8r)
Opening Balance
4,5o6rr:67 zrr87,65r

Fund received during the period 6 361632,o6r 3o,76o,74o

Discount received 29,oo3 83,54r
Other Income
3,9_63 4,238
Disposal of PPE I
7,63o
Interest received tr7,z8o rrg,ogS
Sub Total (A)
4r,288,474 33,t99,899

Expenditure
Programrne Costs
7 24,117,431 2639o385
Administration Costs 8 z,7z6Jzz 2,246,688
Write Offs
9
Depreciation I
Capital Expenditure t6z,5oo s6,6s8
Sub total (B) z7roo6ro53 28,693;,73r
Balance (A-B) t4rzSzr4zt 415o6rri7
Balqnce Represented by r4,z&z,4zo 4,5o6,t67
Bank Balance
t u,488,5o8 3,854,46r
Cash In Hand
3 r24,468 z3o,6o4
Prepayments & Receivables 2 2,O25,?-tO 545,o58
Payables
5 644,2?,4 (rzr,qs6)

As per our report ofeven date

;;ilffi,. Finance &Admin Officer

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 Umbrella Organisation NePal
Swoyambhu-r5, Kathmandu

Schedules forming an integral part of Financial Statements

' Financial Year: 2oT-72 (zot4l zory)

NRs.

& Receivables
va Schedule z
Particulars Current Year Previous Year
Interest Receivable 7,798 7,798
CIT Payable 2,251

Duties and Taxes

Prepaid Rent 6z,t4t 6z,r4t
School Deposit 5'5oo 5'5oo
Other Receivable 36,616
Staff Advance r,91O,9O4 469,6l.8
Total 2ro25r2lo 545'o58

Cash & Bank u

Schedule
Particulars Current Year Previous Year
Cash in Hand n4,468 z3o,6o4
Fixed Deposit 1,5OO,OOO L,50o,ooo

Himalayan Bank - orgol:oT8zootT 53,L36 85,o58

Bank Of Kathmandu-o iozoooLLr35524 6,28r,787 v957,854

Prime Commercial Bank Ltd. 505,OOO
Nabil Bank Limited - 38o6o175ooo16 i,r48,585 l1i,548
Total nr6tz1976 4ro85,ro65

General Fund (Restricted Unrestricted Fund)

Restricted & Unrestric Schedul e
Particulars Current Year Previous Year
Opening Balance 4,5o6;67 2,233,5O2

Prior period error (+s,Bst)

Restated balance 415o6rr.67 2s87,65r

Add: Transferred from Capital Fund ( Disposal) 7,630
Less: Transferred to Capital Fund (ror,ioo) (56,658

Add: Transferred from Income & Expenditure Account 9,9?.8,754 2367,544

Total r4rzSzr4zr 4tjo6,t67

Current Liabilities & Provisions Schedul

u
Particulars Current Year Previous Year
Audit Fee Payable 111,5OO 46,752,

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Salary Payable A/c. 11,O21
qh\
Sundry Creditors (828,858)
Other Payable
TDS Pavable
Total /
A"€:
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4,443

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Grants & Donation Income Schedule 6
Particulars Current Year Previous Year
Local Donation
32O,OI5
Sol-Himal France 2,989,8o8 2,264,694
The Umbrella Foundation Ltd. Ireland Nepal z6,9oo,ooo 25,795,o_oo
ONGD-FNEL ro4,63o
ONGD-FNEL- zot5 63t7,6o8 z,7otro46
Total 36,672,o6t 3o176or74o

'amme Costs Schedule

Particulars Current Year Previous Year
Umbrella Next Steps Youth & Education programme 6s96359 6,77833o
Umbrella Reintegration & Scholarship programme
5,OO1,21O 4,t23,o86
Umbrella Residential Childcare programme to,8o3,779 l^5,332386
Umbrella Rural School Support programme ts6,78t
34L,496
Child Protection Emergency Response profect r,275,258
Emergenq{ Response Project
499,329
Total 24,|'t7,411 2639o,787

Administration Costs Schedule 8

Particulars Current Year Previous Year
Audit Fee r57,r4L 47,460
Audit Expenses 6,ooo
Bank Charge 8,o64 r,350
Compliance and Legal Expenses
t,960
House Rent Expenses 247,685 305,778
Organisation Support Costs
474,283 324346
Repair & Maintenance
37,445 38,rzz
Staff Salary & Allowance y788,483 t,428,t37
Traveling Expenses 13,ozL 49,835
Municipal Tax
43,700
Total zrTz6szz 2,246,688

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 Umbrella Organisation NePal
Swoyambhu-r5, Kathmandu

Notes to the Financial Statements

Financial Year: 2oit-72 (zot+l zor5)

A. Background of the Organisation

Umbrela Organisation Nepal (UON) is a national non-profit making organization and
in
registered ctri-rity that has rescued over 38o orphaned, trafficked and vulnerable children
Nepal since zoo5.

Through various projects including Residential Childcare Homes, Family Reintegration and
Schola-rship Srppori, Next Steps Youth Programme and Rural Community
and School
Support programmes UON continue to help these vulnerable children and families
help
themselves.

UON are a family-first organisation, working against the negative effects of child trafficking.

B. Significant Accounting Policie s& Explanatory Note s

1. Basis of preparation of Financial Statements

The financial statements are prepared under the historical cost convention as per the
Company's Accounting Policies. These policies are in line with the Nepal Accounting
Standards (NAS). Generally accepted accounting principles as practiced in Nepal
are

followed where specifically not provided in the NAS. The Company's accounting policies
require the management to exercise judgment in the use of accounting estimates'

Property, Plant and EquiPment

Proierty, Plant & Equipment are stated at cost or as re-valued, less accumulated
depreciition and impiirment losses, if any. Cost comprises the purchase price and any
attributable cost of bringing the asset to its working condition for its intended use.

3. Depreciation
Depreciation is provided on Property, Plant and Equipment, on written down basis, by using
the following rates:

Particulars Rate
Furniture and Fixtures z5o/o

Computer and Office EquiPment z5o/o

Software z5o/o

4. Receivables, Loans & Advances

Receivables loans & advances are stated at cost
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j, Cash and Cash equivalents
Cash and cash equivalents include deposits with banks in the various forms of deposit
accounts, which may or may not bear interest. Term deposits held in banks are classified as
bank deposits.

6" FundAccounting
The project's Unrestricted Fund Balance consists of funds, which the project may use
for its
purpose at its discretion.
The proiect's Restricted Fund Balance consists of funds, which the donor has imposed
restricted on the use of funds'

Current liabilities
Liabilities and provisions are stated at cost

8. Revenue Recognition
year.
Revenue from the donors has been recognised to the extent ofthe receipt during the

As per our report on even date

6*S' S\tS*g
Megh Ba
Chair w
3(*'*d)-I CA.Prahlad Gautam
Proprietor
P.Gautam &Associates

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{{<<*i iq.rq
Chartered Accountants
Date: Og.\\' 2-€\5

Treasurer

Prem SingTh"r@ Finance &Admin Officer

Program Director /