The Bar Council of Kerala
AUDITOR’S REPORT
No. KBC/Govt./1546/2007.
12th July, 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.
(Sd.)
JOSEPH V. VARGHESE,
Partner, Member NO. 201983
Cochin-18.
(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
Add:—Excess Income
INVESTMENTS
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
As per Schedule-E
3,93,971.00
Welfare Committee
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
(Sd.)
(Sd.)
(Sd.)
Secretary
Treasurer
JOSEPH V. VARGHESE,
(For The Bar Council of Kerala)
Partner,
Cochin-31.
Member NO. 201983
(For George & Joseph Associates).
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
(Sd.)
(Sd.)
(Sd.)
Secretary,
Treasurer
JOSEPH V. VARGHESE,
For The Bar Council of Kerala.
Partner,
Cochin-31.
Member NO. 201983
For George & Joseph Associates.
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
No.
1-4-2005
Rate
Amount
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
Staff Loan:
N. S. Gopakumar
1,47,500.00
Add:— Interest Accrued
12,533.00
1,60,033.00
M. K. Nirmala
16,000.00
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
300.00
Sunil K. Joseph
300.00
M. K. Nirmala
300.00
V. R. Prasad Kumar
300.00
P. L. Sivaraman
300.00
Others:
Electricity Deposit
10,385.00
Telephone Deposit
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
10,109.00
Cash in hand
3,825.17
Total
5,34,909.62
BANK RECONCILIATION STATEMENT
DHANALAKSHMI BANK LTD. A/C 22
Balance as per Cash Book
17,382.14
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
Balance as per Pass Book
1,07,649.14
Cochin-18.
GEORGE & JOSEPH ASSOCIATES,
Chartered Accountants.