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Audit Report
Auditors Report and Statement of Accounts for the year ended 30th June, 2009
AUDITOR'S REPORT

We have audited annexed Balance Sheet of Integrated Development Foundation (IDF) as on 30th June, 2009 and Income and Expenditure Account and Receipt and Payments Account for the year ended on that date. The preparation of this financial statements is the responsibility of the organization management. Our responsibility is to express an independent option on this financial statement based on our audit.

We conducted our audit in accordance with Bangladesh Standards on Auditing (BSA). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial Statements are free of material misstatement. The audit includes, examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. The audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.


In our opinion, the Balance Sheet, Income & Expenditure Account and Receipts and Payments Account and other statement, which were prepared in accordance with Bangladesh Accounting Standards (BAS), give a true and fair view of the state of the organization's affairs as 30th June, 2009.

We also report that:

a) We have obtained all the information and explanations which we have required for the purpose of our audit.

b) In our opion the Blance Sheet, Income & Expenditure Account and Receipts & Payments Account have drawn up property:

c) Such Blance Sheet exhibits a true and fair view of the state of affairs of the foundation according to the best of our information and explanation given to us and as shown by the books of the foundation: and

d) The books of account of the foundation have kept property.


KHAN WAHAB SHAFIQUE RAHMAN & CO.

Chartered Accountants.


Integrated Development Foundation (IDF)

BALANCE SHEET AS ON 30 JUNE 2009
PROPERTY AND ASSETS
NOTES
AMOUNT (IN TAKA)
30.06. 2009
30.06. 2008
FIXED ASSETS
Fixed Assets at cost less depreciation
3
9,561,230.00
10,105,516.00
INVESTMENTS
44,561,508.00
31,505,890.00
Investment in FDR
4
30,150,000.00
23,250,000.00
Investment, LLP
5
10,600,000.00
2,000,000.00
Investment, DMF
6
3,631,441.00
5,689,999.00
Investment in Partnership Loan Programe
7
180,067.00
565,891.00
CURRENT ASSETS
490,804,016.75
447,644,369.84
Asset in Stock
8
469,144.00
198,580.00
Loan receivable balance
9
422,653,229.00
413,427,124.00
Accrued Interest on FDR
10
3,504,202.00
1,555,809.00
Staff advance
11
3,241,703.00
2,926,422.00
Other advance
12
19,294,515.35
7,226,028.41
Cash and bank balances
13
41,641,233.40
22,310,406.43
TOTAL TAKA
544,926,754.75
489,255,775.84
FUND AND LIABILITIES
CAPITAL ACCOUNT
Capital Fund
14
130,521,646.21
127,736,348.21
FUND LIABILITIES
78,619,442.98
57,343,783.08
Staff Welfare Fund
15
767,551.00
858,375.85
Provident Fund
16
1,732,404.00
871,124.00
Emergency Fund
17
22,370,339.00
16,417,285.00
Loan Loss Provision Fund
18
40,255,954.00
26,962,626.00
Disaster Management Fund
19
3,661,558.00
2,774,464.00
Education Scholarship Fund
20
9,296,377.32
9,039,827.57
Innovation Fund
21
68,895.66
68,895.66
Center Fund
22
466,364.00
351,185.00
LONG TERM LOAN
92,583,547.31
79,440,361.38
Loan from PKSF
23
61,300,000.00
31,300,000.02
Loan from other sources
24
31,283,547.31
48,110,361.36
CURRENT LIABILITIES
230,340,135.00
212,478,283.00
Members Savings
25
188,341,884.00
187,462,023.00
Special Savings
26
36,335,869.00
19,231,540.00
Paribaric Savings
27
3,155,069.00
1,837,025.00
Savings Account
28
2,507,313.00
3,947,695.00
OTHER CURRENT LIABILITIES
12,861,983.25
12,257,000.17
Risk Insurance
29
2,151,869.00
1,790,861.00
Agriculture Program
30
74,238.00
316,979.00
Health Programe
31
5,832,708.00
5,520,590.00
Secuity money, Staff
32
1,297,780.00
752,500.00
Other
33
3,505,388.25
3,876,070.17
TOTAL TAKA
544,926,754.75
489,255,775.84
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30th JUNE 2009
INCOME:
SERVICE CHARGES
91,569,592.00
94,904,606.00
Interest on Staff Advance
113,151.00
67,858.00
Interest on FDR
2,681,631.00
1,405,229.00
Interest on Partnership Loan Program
0.00
11,700.00
House Rent
910,338.00
952,473.00
Bank Interest
206,009.10
229,581.23
Pass book Sale
151,500.00
148,099.00
Account Closing Fee
393,028.00
389,393.00
News Paper Sale
11,394.00
9,478.00
Attendance Register sale
13,957.00
25,607.00
Car Sale
465,000.00
490,000.00
Other Income 300,888.00 443,672.49
Donation
445,563.00
                       -
Total Taka:
97,926,211.10
99,077,696.72
EXPENDITURE:
A. OPERATING EXPENSES:
79,305,264.53
68,695,417.34
Salary and Allowance
43,170,652.00
33,140,782.00
Traveling & conveyance
3,812,374.00
3,279,189.00
Reporting, Printing & Publication
1,247,518.00
1,163,352.00
Stationery
522,759.00
438,018.00
Office Rent
3,285,668.00
2,853,304.00
Utilities
654,168.00
646,908.00
Postage, Telephone
581,669.00
641,384.00
Operarion & Maintenance of Equitment
441,184.00
386,919.00
Workshop/Seminer
617,702.00
492,714.00
Fuel & Maintenance
633,744.00
524,792.88
Registration & Insurance
112,912.00
71,477.00
Bank Charges
410,345.21
442,295.08
Legal Expense
154,538.00
232,240.00
Carrying & Transportation
7,721.00
7,560.00
Advertisement
74,222.00
41,935.00
Audit fee
29,000.00
30,000.00
Work Aid
63,320.00
70,840.00
News Paper
170,613.00
158,389.00
Contribution to Provident fund
861,280.00
871,124.00
Resarch & Development
177,447.00
358,009.00
Human resources development
420,975.00
1,443,026.00
Contribution to Emergency fund
3,545,199.00
3,502,267.00
Contribution to Staff welfare Found
69,105.15
-
Staff welfare Found
7,386.00
134,816.00
Loan loss Provision (LLP)
15,394,176.00
15,140,096.00
DMFE
887,094.00
937,209.00
Depriciation
1,474,161.00
1,151,966.00
Donation
14,800.00
165,777.00
Contingencics
463,532.17
369,028.38
B. INTEREST ON LOAN:
7,805,954.99
8,133,523.25
Grameen Trust
1,122.00
13,634.00
PKSF
1,521,824.99
2,123,350.00
Grhayan Tahbil
11,107.00
22,232.00
Sonali Bank Ltd.
334,276.00
459,459.00
BASIC Bank
22,813.00
157,971.75
BRAC Bank
4,112,170.00
3,711,032.50
Provident Fund
201,000.00
110,000.00
Edication Scholarship Found
849,243.00
837,156.00
Health Program
529,951.00
531,852.00
CDF
222,448.00
166,836.00
C. INTEREST PAID ON MEMBER'S SAVINGS:
10,083,791.00
8,901,988.00
Members Savings
7,748,193.00
7,651,198.00
Special Savings
1,084,477.00
297,734.00
Paribaric Savings
204,481.00
58,854.00
Savings Account
109,690.00
169,258.00
Emergency Fund
830,161.00
641,823.00
Risk Fund
87,511.00
68,443.00
Center Fund
19,278.00
14,678.00
Total Exponditure (A+B+C)
97,195,010.52
85,730,928.59
EXCESS OF INCOME OVER EXPENDITURE
731,200.58
13,346,768.13
Total Taka
97,926,211.10
99,077,696.72
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE PERIOD FROM 1st JULY 2008 TO 30 JUNE 2009
Opening Balance 01.07.2008
22,310,406.43
Cash in Hand
1,278,428.00
Cash at Banks
21,031,978.43
Encashment (Savings) of FDR
1,500,000.00
Loan Loss Provision Found Investment
4,376,637.00
Disaster Management Found Investment
385,824.00
Interest on FDR
700,542.00
Loan Realised from Members
749,379,395.00
Staff Advance Realised
2,771,123.00
Other:
25,647,053.99
Purchase
930,849.00
Equipment Advance (T.V)
67,227.00
Travelling Advance
654,773.00
Motor Car Advance
192,324.00
Advance House Rent
372,300.00
Advance for accident & Disaster
2,578,791.00
HFPP
101,598.00
Loan to improve over program
90,803.00
Advance for Salary
211,394.00
Loan to PKSF Program
20,150,659.99
HV/AIDS Program
201,222.00
Agriculture Program
16,410.00
Petty Cash
78,703.00
MEMBERS SAVINGS
88,892,205.00
SPECIAL SAVINGS
41,157,607.00
PARIBARIC SAVINGS
2,174,762.00
SAVINGS ACCOUNT
6,987,603.00
EMERGENCY FOUND
8,176,122.00
RISK INSURANCE
523,157.00
CENTER FOUND
110,930.00
LOAN FROM PKSF
55,000,000.00
LOAN FROM OTHER SOURCES
7,565,347.00
SECURITY MONEY, STAFF
593,810.00
OTHER LIABILITIES:
5,438,686.00
GTZ- Found
71,800.00
Audir Fee
18,777.00
CIDA- Project
1,225,482.00
HKI- Project
2,027,735.00
Provident Found
104,273.00
T.V. Charge
14,435.00
HFPP
22,665.00
Improvement Women
159,411.00
Other Program
211,850.00
Excess Cash/Bank
332.00
Solar Home System
851,328.00
ANCT Now Children
103,335.00
CRS
11,824.00
Health Program
12,703.00
Agriculture Program
425.00
Others
597,274.00
Payble Savings
5,037.00
Service Charge
91,569,592.00
Interest from Staff Advance
113,151.00
Bank Interest
910,338.00
House Rent
206,009.00
Interest on FDR
32,696.00
Pass Book Sale
151,500.00
Account Clossing Fee
393,028.00
Interest on Solar Loan
664,160.00
News Paper Sale
11,394.00
Attendance Register Sale
13,957.00
Car Sale
465,000.00
Other Income
300,888.00
Donation
445,563.00
Total Taka
1,120,968,486.52
PAYMENTS
Loan Disbursed
758,605,500.00
OPERATING AND ADMINISTRATIVE COST:
Salary and Allowance
43,126,240.00
Travelling & Conveyance
3,671,966.00
Reporting, Printing & Publication
1,247,518.00
Stationery
522,759.00
Office Rent
3,237,904.00
Utilities
633,049.00
Postage & Telephone
579,669.00
Operation & Maintenance of Equipment
441,184.00
Workshop/Seminer
617,702.00
Motor Fuel & repair
626,044.00
Registration and Insurance
112,912.00
Bank Charges
410,345.21
Legal Expense
154,538.00
Carrying & Transport
7,721.00
Advertisment
74,222.00
Audit Fee
29,000.00
Work Aid
63,320.00
News Paper
170,613.00
Cost of Fund (Interest on Loan)
6,495,866.14
Resarch & Development
177,447.00
Human resources Development
420,975.00
Loan Loss Expenses
 
Disaster Management Found
 
Contribution to Emergency Found Expenses
3,545,199.00
Donation Payment
14,800.00
Contingencies
463,532.17
CAPITAL EXPENDITURE
Land
144,442.00
Vehicle
 
Building
26,910.00
Equipment
367,541.00
Electrical Installation
157,534.00
Furniture
233,448.00
CAPITAL FUND
0.00
INVESTMENT OF FDR (SAVINGS)
10,400,000.00
INVESTMENT OF FDR (LLP)
10,600.000.00
INVESTMENT OF DMP
 
ASSET IN STOCK
270,564.00
SECURITY MONEY, STAFF
48,530.00
HEALTH PROGRAMME
264,583.00
LOAN REFUND (PKSF)
25,030,000.00
LOAN FROM OTHER SOURCES
24,392,161.00
AGRICULTURE FUND
242,741.00
STAFF ADVANCE
3,086,404.00
SAVINGS RETURNED
95,760,537.00
SPECIAL SAVINGS
25,137,755.00
PARIBARIC SAVINGS
856,718.00
SAVINGS ACCOUNT
8,537,675.00
EMERGENCY GRANT DISBURSED
3,053,229.00
RISK INSURANCE
249,660.00
OTHER ADVANCE
37,715,540.93
Purchase Advance
2,702,135.00
Equipment Advance (T.V.)
110,801.00
Travelling Advance
713,681.00
Motor Car Advance
198,324.00
Advance House Rent
520,100.00
Advance for accident & Disaster
3,454,402.00
Loan to PD Program
30,405.00
HFPP
29,913.00
Advance for Building Development
1,304,356.00
Loan to improve oven Program
322,297.00
Advance for Salary
20,200.00
Loan to PKSF Program
20,150,659.99
Loan to SIDA Program
1,002,270.00
Loan to Cadian Sida Program
198,924.00
Loan to Act now Children Program
103,335.00
Loan to Branch
227,888.94
Loan to Solar Program
6,252,132.00
HIV/AIDS Program
235,158.00
GTZ Found
41,500.00
Agriculture Program
5,200.00
Petty Cash
78,703.00
Advance for Karmashala
13,156.00
Other Liabilities:
6,277,252.00
Provision for Expenses
250,189.00
GTZ-Found
339,440.00
Audit Fee
18,777.00
CIDA- Project
2,252,040.00
HKI Project
1,849,280.00
Interest on Paribaric Savings
673.00
Provident Found
104,273.00
T.V. Charge
20,644.00
Vat Charge
32,896.00
HFPP
17,602.00
Improement Woven
77,216.00
Other Program
129,070.00
Excess Cash/Bank
31,232.00
Solar Home System
845,688.00
ANCT Now Children
103,335.00
Health Program
57,058.00
Others
147,839.00
Education Scholarship
592,693.25
Centre Found Program
15,029.00
Staff Welfare Fund
98,210.85
 
Closing Balance:
41,641,223.90
Cash in Hand
2,733,947.00
Cash at Banks
38,907,276.90
Total Taka
1,120,968,486.52