The Bar Council of Kerala
AUDITOR'S REPORT
12th July, 2007.
No. KBC/Govt./1546/2007.
1. We have examined the Balance Sheet as at 31st March 2006, and the Income & Expenditure Account for the year ended on that date, attached herewith, of The Bar Council of Kerala, Bar Council Bhavan, High Court Campus, Cochin-31. These financial statements are the responsibility of the management of the council. Our responsibility is to express an opinion on these financial statements based on our audit.
2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also included assessing the accounting principles used and significant estimates made by the management as well as evaluating the overall financial statements presentation. We believe that our audit provides a reasonable basis for our opinion.
We report that :—
(A) We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purpose of our audit.
(B) In our opinion, proper books of accounts have been kept by the Bar Council of Kerala so far as appears from our examination of such books.
(C) The Balance Sheet and the Income & Expenditure account dealt with by this report are in agreement with the books of account maintained by the Council.
(D) In our opinion and to the best of our information and according to the explanations given to us, the said accounts, give a true and fair view :—
(i) In the case of the balance sheet, of the state of affairs of The Bar Council of Kerala as at 31st March 2006, and
(ii) In the case of the Income & Expenditure account, of the excess of Income over expenditure of the Council for the year ended on that date.
Cochin-18.
(Sd.) JOSEPH V. VARGHESE, Partner, Member NO. 201983 (For George & Joseph Associates, Chartered Accountants.) BALANCE SHEET AS AT 31ST MARCH 2006
Liabilities Amount Assets Amount
Rs.
Rs.
CAPITAL FUND
FIXED ASSETS
Opening Balance 2,34,69,174.30 As per Schedule-C 86,23,396.62
INVESTMENTS
Add:—Excess Income Over Expenditure 6,04,669.01 2,40,73,843.31
ENDOWMENTS :
As per Schedule-D 1,50,63,775.00 As per Schedule-A 2,49,316.84 DEPOSIT, LOANS AND ADVANCES
Bar Council of India Welfare Committee
As per Schedule-E 3,93,971.00 20,00,000.00 Bar Council of Kerala Trust 25,00,000.00 SECURITY DEPOSIT
Dhanalakshmi Bank Ltd. 5,50,000.00 CASH AND BANK BALANCES Defect Liabilities Deposit 61,375.00 As per Schedule-F 5,34,909.62 CURRENT LIABILITIES
As per Schedule-B 1,81,517.09
2,71,16,052.24
2,71,16,052.24 INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2006
Expenditure Amount Income Amount
Secretary's Salary & Allowances 4,14,457.00 Certificate Fees
3,42,800.00 Staff Salaries & Allowances 8,02,210.00 Enrolment Fees
4,69,950.00 Contribution to PF 40,604.00 Registration Fees 10,88,800.00 Members TA DA 6,82,187.00 Duplicate Certificate fees 7,600.00 Electricity Charges 88,246.00 Late Fees
10,61,900.00 Guest Room Expenses 333.50 Transfer Fees
69,500.00 Art of Advocacy Expense 1,30,097.00 Identity Card Fee
62,825.00 Legal Aid Expense 3,387.00 Complaint Fees
11,330.00 Election Expenses 10,91,483.97 Application Fees
3,36,100.00 Lease Rent 3,200.00 Resumption Fees
1,50,550.00 Legal Expense 7,999.00 Practice Certificate Fee 9,600.00 Miscellaneous Expenses 6,336.50 Magazine Fee
3,05,450.00 Postage & Telegram 1,75,645.07 Interest on Staff loan 13,888.00 Printing & Stationery 5,11,011.50 Auditorium Service charges 9,500.00 Seminar Registration Fee 4,022.00 Rent Received
96,000.00 Meeting Expenses 40,336.75 Sale of Stickers
15,630.00 TA & DA to Secretary 3,812.00 Guest Entry Pass Collection 71,025.00 Travelling Expenses 3,225.50 Guest Room Rent
3,200.00 Wages & Allowances to Sweeper 77,400.00 Fee from Photographer 9,950.00 Water Charges 18,452.00 Sale of Books
32,300.00 Donation to Associations 10,000.00 Nomination Fee Received 4,70,000.00 Photocopying Expenses 17,244.00 Interest Received
8,23,888.61 Repair and Maintenance 20,395.46 Miscellaneous Income 7,814.00 Audit Fees 12,500.00
Professional Charges 3,500.00
Junior Lawyers Prof. Develop. Cours 20,792.00
Bank Charges 321.28
Consumables 2,340.00
Annual Maintenance Charges 66,799.00
Compensation to Former Secretary 25,167.00
Nomination Fee Refund 1,95,000.00
Depreciation 3,54,427.07
Excess Income over Expenditure
transferred to Balance Sheet 6,04,669.01
54,69,600.61
54,69,600.61
As per our Report of even date SCHEDULES FORMING PART OF BALANCE SHEET AS ON 31-3-2006
SCHEDULE A—ENDOWMENTS
Indigent and Disabled Advocate fund
23,703.79
Legal Aid to Poor Fund
1,176.63
Mannath Krishna Menon Medal
1,30,538.73
Nelluvai Neelakanda Iyyer Prize
34,988.04
P. K. Kesavan Nair Fund
28,673.00
Saradha Krishna Iyyer Prize
30,236.66
Total 2,49,316.85
SCHEDULE B —CURRENT LIABILITIES
Other Liabilities - Suspense Receipt
37,855.00
Audit & Proffessional Charges
11,000.00
Aid for Enrolment
5,000.00
KAWFTC
1,27,662.09
Total 1,81,517.09
SCHEDULE C—FIXED ASSETS
Sl. Pariticualrs W.D.V. as on Addition Total Depreciation W.D.V. as on
Rate Amount
No.
1-4-2005
31-3-2006
1 Building 69,72,753.75 69,72,753.75 0% 69,72,753.75 2 Library 38,838.82 9,900.00 48,738.82 10% 4,873.88 43,864.94 3 Furniture 3,83,696.33 3,83,696.33 10% 38,369.63 3,45,326.70 4 Type writer 1,372.39 1,372.39 10% 137.23 1,235.16 5 Cycle 40.82 40.82 10% 4.08 36.74 6 Electrical Fittings 1,69,337.33 57.00 1,69,394.33 15% 25,409.15 1,43,985.18 7 Office Equipments 28,506.98 28,506.98 15% 4,276.05 24,230.93 8 Xerox Machine 30,185.16 30,185.16 15% 4,527.77 25,657.39 9 Fax Machine 11,105.86 11,105.86 15% 1,665.88 9,439.98 10 Computer & Software 2,32,160.63 2,32,160.63 60% 1,39,296.38 92,864.25 11 Lift 2,84,765.62 2,84,765.62 15% 42,714.84 2,42,050.77 12 Overhead Projector 9,695.01 9,695.01 15% 1,454.25 8,240.76 13 Aquaguard 9,107.20 9,107.20 20% 1,821.44 7,285.76 14 Air Conditioner 1,02,464.00 1,02,464.00 20% 20,492.80 81,971.20 15 Office Furnishing 5,33,836.80 1,60,000.00 6,93,836.80 10% 69,383.68 6,24,453.12 Total 88,07,866.70 1,69,957.00 89,77,823.70 3,54,427.07 8,23,396.62 SCHEDULE-D—INVESTMENTS
Dhanalakshmi Bank 5,638,823.00 Union Bank of India 8,318,329.00 Central Bank of India 1,30,500.00 Bank of India 1,78,690.00 State Bank of India 7,97,433.00
Total 15,063,775.00
SCHEDULE-E—DEPOSITS, LOANS & ADVANCES
300.00 300.00 300.00 300.00 300.00
Staff Loan: N. S. Gopakumar 1,47,500.00 Add:— Interest Accrued 12,533.00 1,60,033.00 16,000.00 M. K. Nirmala A. S. Vijayakumar 13,850.00 Prasad Kumar 83,500.00 Add:— Interest Accrued 3,210.00 86,710.00 Sunil K. Joseph 99,000.00 Add:- Interest Accrued 493.00 99,493.00 Staff Advance: A. S. Vijayakumar Sunil K. Joseph M. K. Nirmala V. R. Prasad Kumar P. L. Sivaraman Others: Electricity Deposit Telephone Deposit
10,385.00 6,000.00
Total
393,971.00
SCHEDULE-F—CASH AND BANK BALANCES
Dhanalakshmi Bank Ltd. A/c 11799 1,72,363.11 Dhanalakshmi Bank Ltd. A/c 22 17,382.14 Central Bank of India A/c 5502- Saradakrishnaiyer Endowment 6,323.38 Central Bank of India A/c 5503- Krishna Parvathy Endowment 39,938.10 Central Bank of India A/c 5504- Nelluvai Neelakander Endowment 25,553.05 State Bank of India A/c 2588 2,811.59 State Bank of India A/c 2589 24,148.12 Union Bank of India A/c 6217 1,74,586.96 Union Bank of India A/c 18183 57,869.00 Union Bank of India A/c 7011- Kesavan Nair Endowment Cash in hand
10,109.00 3,825.17
Total 5,34,909.62
BANK RECONCILIATION STATEMENT DHANALAKSHMI BANK LTD. A/C 22
17,382.14
Balance as per Cash Book Add:— Cheque issued but not presented Chincy Gopakumar 38,731.00 Udaya Press 31,600.00 Industrial Security 400.00 HCL 19,536.00 90,267.00 1,07,649.14 Balance as per Pass Book