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MAR ATHANASIOS COLLEGE FOR ADVANCED STUDIES Audited Financial Statement2019-20MAR ATHANASIOS COLLEGE FOR ADVANCED STUDIES TIRUVALLA (MACFAST)Tiruvalla, Pathanamthitta, Kerala 689 101

V. ALEXANDER & Co.r -CHARTEREDVarghese Alexander FCA,ACCOUNTANTSDISA (ICA)YMCA Jun., TiruvallaChartered AccountantE-mailKerala 689 1 0 1: varghesealexander@yahoo.comOffice: 0469-2605529, 2602261Mob: 984710153905/01/2021INDEPENDENT AUDITOR'SREPORTThe ManagementMACFAST,TiruvallaOpinionWe have audited the financial statements of Mar Athanasios College For Advanced Studies, Tiruvalla ,a unit of theCorporate Educational Agency of the Catholic Diocese of Thiruvalla which comprise the Balance Sheet at March 31st2020,and the Income & Expenditure Statement for the year then ended,andnotesto the financial statements,including a summary of significant accounting policies.Wehavedoneaudit onthebasis of dataand books producedbefore us anddocuments sentbyE-maildue toCOVID-19 restrictions prevailing in the region. The original supportings are not verified in the case of scanned copiesobtained electronically.Subject to above,inour opinion, the accompanying financial statements give a true andfair view of the financialposition of the entity as at March 31, 2020, and of its financial performance for the year then ended in accordancewith the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI).Basis for OpinionWe e withfurtherthe Standards on Auditing (SAs)describedinthe'Auditor'sissued iesoftheFinancialStatements' section of our report. We are independent of the entity in accordance with the ethical auditofaccordance dia,andwehavebelieve that the auditfulfilledourevidence weotherhaveethicalobtainedissufficient and appropriate to provide a basis for our opinion.Responsibilities of Managementand Those Charged withGovernancefor theFinancialStatementsManagement is responsible for the preparation and fair presentation of the financial statements in accordance withthe aforesaid Accounting Standards, and for such internal control as management determines is necessary to enablethe preparation of financial statements that are free from material misstatement, whether due to fraud or error.In preparing the financial statements, management is responsible for assessing the entity's ability to continue as agoing concern,disclosing,accounting· Thoseeithermattersintends tochargedwithrelatedto goingliquidategovernanceconcernthe entity or toareresponsibleandusing the goingceaseforoperations,overseeingconcernor hasthenoentity'sbasis ofrealisticfinancialreporting process.Auditor's Responsibilities for the Audit of the Financial StatementsOur objectives are to obtain.reasonable assurance about whether the financial statements as a whole are free frommaterial misstatement, whether due to fraud or error, andto issue an auditor's report that includes our opinion.Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance withSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and omic decisions of users taken on the basis of these financial statements.For V. AlexanderCharteredtQ ·Co."e agese AlexanderM 567 AAAACG7605

MAR ATHANASIOS COLLEGE FOR ADVANCED STUDIES, TIRUVALLABALANCE SHEET AS ON 31st MARCH 2020Sources of FundsSchAs on 31/03/2020As on 31/03/2019Capital Fund213,68,36,775.1313,92,12,763.50Other Funds35,85,400.005,81,700.00Loans and 45,904.10Current n of FundsFixed Assets812,42,24,800.65Deposits, Loans & Advances93,57,66,258.073,05,10,351.19Current Assets103,11,34,502.003,39,78,712.00Cash & Bank 0,32,77,283.58 TotalSchedules forming part of the1-18Financial StatementsAs per our report of even date attachedFor V Alexander & Co.For Mar Athanasios College for Advanced Studies .),,\A',.\.{PrincipalTiruvallaFRN No. 029567 .a M No.029567Chartered Accountant05-01-2021UDIN : 21029567AAAACG7605

MAR ATHANASIOS COLLEGE FOR ADVANCED STUDIES, TIRUVALLAINCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st MARCH. , 2020INCOMESch2019-20202018-2019Tuition Fees127,05,56,300.006,72,73,932.00Other Academic 2,55,72,885.00Fees Concessions46,99,200.0037,38,700.00Advertisement Expense15, 78,856.00Other IncomeTotalEXPENSES15Employee Benefit Expenses7,73,790.00Printing & Stationary16Repairs & Maintenance{ V e h i c l e 03,31,327.00L-L10,26,099.0012,13,892.78[ E l e c t r i ci ty Charges7,50,000.00L18,78,582.00.18,29,120.75 kProjects & Seminars/13,10,543.007,88,320.00 LUniversity ExpensesInterest &Lv1,90,76,491.00, L1,12,89,704.00 Total7,64,30,989.687,13,49,065.24Excess of Expenditure over Incometransferred to CapitalFund4,45,753.74(23,75,988.37)As per our report of even date attachedFor V Alexander & Co.For Mar Athanasios College for Advanced StudiesFRN No. 029567 Ch pountants«AlexanderM No.029567Chartered AccountantTiruvallaUDIN : 21029567AAAACG760505-01-2021L

rMAR ATHANAS[OS COLLEGE ORADVANCED STUDIES, TIRUVALLASchedules to8alance Sheet as on 31st March, 2020Schedule 1Significant Accounting PoliciesBasis of Presentation/AccountinqFinancial statements are prepared under the historical cost convention and on the basis of going concern with revenue recognised and expensesaccounted on accrual basis unless otherwise stated.Fixed AssetsFixed assets are stated at cost less depreciation. Cost comprises the purchase price and any attributable cost of bringing the Assets to workingcondition for its intended use. Expenditure for addition, Improvements and renewals are capitalised and expenditure for maintenance and repairsare charged to Income & Expenditure Account.DepreciationDepreciation on fixed assets has been computed In accordance with Income Tax Act, 1961 on Written Down Value method.Schedule 22019-20202018-2019Capital FundOpening Balance13,92,12,763.50Less: Excess of Expenditure over 8,36,775.1313,92,12,763.50Schedule 3FundsOther1. FundsA.Alumni FundOpening Balance/Add: Alumni .500.004,18,200.008. PTA FundOpening BalanceAddition during the .005,85,400.001,63,500.005,81,700.00Schedule 4Loans and Borrowingsloans:(a) Scheduled BanksA/c35,47,875.7241,01,492.72Bus loan with CSB19,67,395.2523,47,856.5014,44,580.00SIB ODCar Loan with CSB12,42,158.00Term loan with SIB29,32,238.85Short Term Loan with 68,115.001,29,28,617.22(b) Interest Free LoansLoan from Radio MacfastLoan from Boys .76loan from Hostel81,52,925.00Others (Annexure le 5DepositsA. Caution DepositsOpening BalanceAdd: Receipts during the yearLess: Refund during the 400.0022,11,219.00B. Canteen Security Deposit10,000.0010,000.00C. Deposit - Attendance Shortage12,000.0012,000.00D. Book BankOpening BalanceAdd: Receipts during the ,576.0018,076.00Less: Refund during the year10,500.00Schedule 013,59,495.00

7Catholic Diocese of TiruvallaCorporate Educational ,45,904.10Schedule7Current Liabilities(A) Sundry Creditors (Annexure 2)Against Capital GoodsOther 978.0010,24,179.00(B) Payables:Electricity y18,48,403.00Security Service ChargeTelephone rs22,03,183.002.0020,27,500.00(C)Others:Fee received in advanceKerala Workers Welfare FundSC/ST 4.001,39,676.001,39,676.00University Exam Conducting feesUNl:Exam Fee 71,06,519.0093,18,409.001,80,93,099.00Schedule 9Deposits, Loans & )Add: Interest accrued on FD during the yearFixed Deposit with AICTE (MBA-4875)96,41,201.558,11,425.52Add: Interest accrued on FD during the year7,15,965.138,36,709.04Fixed Deposit with FB7,44,095.6085,06,959.60Fixed Deposit with MG UniversityAdd: Interest accrued on FD during the 36,56,556.26FD with FB21,277.009,07,128.3964,576.31Add: Interest accrued on FD during the year1,35,474.003,54,648.131,32,892.00Deposit with KSEB19,259.13422,58,099.8721,08,037.00Add: Interest accrued on FD during the yearElectricity DepositDeposit with Mathews gas serviceDeposit with Vadakkethil gas serviceKSEB ArrearsMadyasthan Readers one Deposit8,36,709.043,14,112.0021,22,625.87FD with CS885,06,959.607,72,132.913,33,371.13Add: Interest accrued on FD during the 0,000.0030,000.00(b) Loans:University Exam Duty AdvanceStaff 50.007,34,259.00(c) Advance:H.O. AccountM.G. UniversityPattiyani&Pattiyani AssociatesAhmed Tiyeb YosofiAlpha&Omega Computers Pvt Ltd.Inmakes Software SolutionsMoon In KitchenNational Fire&&Safety SystemTors ElevationsUNI: Student FeesWahidullah FarizDr. 0.003,57,66,258.07Schedule 10Current AssetsReceivablesFees Receivable2,72,57,049.003,03,39,999.00Rent logic ManseHarish Mon A.KVinood Varghese21,500.008,000.004,40,480.003,05,10,351.19

J.a«a7 ,25,50,120.0025,50,120.00TD5 A.Y.2013-'141,21,861.001,21,861.00TDS A.Y.2015-'161,48,510.001,48,510.00TDS A.Y.2016-171,39,046.001,39,046.00T0S A.Y.2017-181,39,056.001,39,056.00T0S A.Y.2018-191,60,370.001,60,370.00T0S A.Y.2019-201,91,570.001,91,570.00TOS A.Y.2020-212,09,240.00TCS AY 1,34,502.003,39,78,712.003,39,78,712.00Schedule 11Cash & Bank BalancesCash at Bank: Andhra Bank A/C NO 110110100002944C.B.I A/C NO 3031504397(GENERAL)C.B.IA/c No 3031508631C.8.IA/C NO 3031509974(0.G.C)C.S.B .9858,069.38C.S.B A/c 484 MBA9,57,831.252,69,954.50C.5.8 1950011,09,329.4514,89,725.50C.S.B 195003 (MCA)80,183.25C.S.B 195004(Bio)1,40,965.50C.S.8 195005 (Macfiesta)48,448.25Federal Bank A/c 1223034,054.0034,054.00Federal Bank A/c 1232113,33,373.0010,66,644.00Indus Ind BankM 70754-065IOB A/C NO 38555BI A/C NO5BT A/C 17,57,716.502,53,181.682,45,203.685775SBI 05BT A/C NO 803867,65,364.18SIB A/C NO 1805588,33,866.09Cash-in-HandSchedules toIncome&ExpenditureAccount for the 63,233.0981,19,913.05ended 31stMarch,2020Schedule 12Tuition 0.00Late 932.00Schedule 13 her Academic Receipts.dmlssion feesBus ReceiptsFees from Discontinued StudentsSale of Application FormsAcademic 0040,000.001,01,530.001,15,200.00ReceiptsSMU Online/Offline 008,51,118.0021,78,266.0019,89,720.00Schedule 14Other incomeInterest ReceivedMiscellaneous ReceiptsProfit on Sale VehicleCanteen RentSC/ST HostelFeeMacfiesta - 2019Journal ReceiptsSuspense Schedule 15Employee Benefit Expenses2,37,93,256.002,29,82,313.00Faculty development1,24,600.002,09,449.00Festival allowance1,13,000.001,08,300.00Staff welfare1,14,221.0030,588.00Salary & Allowances

,010.002,52,965.00'' e o o m o EPFESI80,000.00Ex Gratia 1,70,521.006,95,183.005,03,595.003,84,329.00Medi claim insuranceSchedule 16Repairs & MaintenanceRepairs & maintenance (Civil)Repairs & maintenance (Electrical)Repairs & maintenance 01,20,03,984.0038,64,282.00Repair & maintenance (Furniture)Repairs & maintenance (Generator)Schedule 17Indirect expenses.2, 72,456.:,.,Admission Expense89,180.Agricultural Expenses3,28,484.0086,884.00AICTE Processing fee1,17,723.00/1,96,100.00AMC Charges1,87,2386.00·,1,07,263.00Audit Fees35,600.00Audit Expense35,400.09Biospectrum 20195,90,093.00Board Meeting get Analysis5,300.oo/Bus Rent1,09,350.00./Charity & Donation2,39,500.008,784.oo-/Covid 194,000.00.Dhakina 20182,02,123.00/Dharsana 2020E-journal - Subscription10,43,504.00.Entertainment charges'9,574.00j'30,000.00ET .002,00,807.00Fire NOCFood expense44,574.00"38,202.00Gardening charges45,895.00 49,780.004,635.00Herbal Garden10,29,803.00-:::,,Industrial visitInsurance charges rnalJKSEBLaboneme settlement expenseti34,150.00-chargesLibrary books(exp)rary duty 0chargesPostage 96,488.001,13,218.0032,701.00 13,898.0057,004.00"75,825.002,632.00Macfast .00Miscellaneous 00.00.zz:CourseMembership 85.0079,060.0079,723.00/2019MAKS (Exp)Newspaper18,72,127.00 00.0011,446.0o/tentPaRates11,64,944.00& Taxes68,02,107.0012,320.00-cholarshipSC/ST ptop exp4,67,640.00/ecurity service charges50,000.004,27,500.00SSoft skill & Training abus Preparation Charges22,835.00.94,277.00. Sports & Games1,32,549.00-tudents welfare9,392.001,14,892.00S14,729.00 Teachers Day00Telephone chargesTravelling & ,41,983.00

Water Charges10,269.52Website m CelebrationX-mas ,86,961.98Schedule1,90,76,491.0018ed wherever found necessary.Signature to schedules1 to 18For V Alexander & Co.FRN No. 029567For Mar Athanasios College for Advanced Studieslaw.PrincipalTiruvalla05-01-2021\i ?atgh No.029567Chartered AccountantU 0 I N : 21029567AAAACG7605