Financials and Annual Reports

 

Financial Accountability

The finance function plays a vital role in the success of any organization. This is because finance impacts every segment of an organization’s operations and programmes.

The Management committee of LEPRA Society is committed to accountability and recognises that to achieve this they must have a strong code of conduct towards its donors. These include our individual supporters, funding agencies, trusts, corporate and fellow members of ILEP. In order to promote this relationship, LEPRA Society provides donors with regular reports on individually funded projects. LEPRA Society also maintains a website that provides donors with the latest information on projects, personalities and other material to keep them informed of our activities.

Management committee

The management committee meet three times in a year to agree strategies, and make major decisions which affect the development of the society and it achieving its objectives.

The management committee has overall responsibility for the management, policy and direction of the society. The committee constitutes professionals from varied fields such as community health, economics, finance, applied research, etc.

Management committee is appointed on the recommendations of the General body and after a meeting between the members.

Professional advisors

LEPRA Society believes that to ensure a comprehensive policy on Financial Accountability it is essential to have the availability of recognised specialists in audit, bankers & investment, to provide the necessary support and guidance. To achieve this we have appointed the following recognised leaders in their field

Statutory Auditors:
Mehra Goel and Company,
Chartered Accountants,
505,Chiranjiv Towers, Nehru Place,
New Delhi – 110019.
Tel. 26419529

Bankers:
Industrial development bank of India, (IDBI Bank),
Basheerbagh Square, Hyderabad
Andhra Pradesh, India

LEPRA Society further recognises the need to ensure that it complies with all legal requirements within India:

Statutory information

LEPRA Society’s financial year ends on 31 March. After preparation of accounts by the Management and the Staff, the ‘Financial Statements’ are audited by Mehra Goel and Company, who are one of the leading Audit firms of India.

These are then approved / adapted by the Management Committee and submitted to the General Body for acceptance, which normally is in January. This is one of the most important ways in which LEPRA demonstrates its accountability to its donors. Once approved the ‘Financial Statements’ are sent to all our supporters / donors who have requested a copy. A copy of the latest set of accounts is also available on our website by going to https://leprasociety.org/finance.html.

Copies can also be obtained by contacting LEPRA Society on +91 40 27802139 or by e-mailing omprakash@leprahealthinaction.in

Financial system

LEPRA Society is committed to the objective of maintaining sound financial management systems across all levels of the organization, with high standards of accountability and transparency.

This is achieved with the help of having the standardized financial policies and procedures with respect to the Accounting system, Management accounting, reporting system and budget control system, as also formalization of Internal control procedures at all the levels. All the systems are formally documented into financial systems and procedures manual, which is followed across the organization. Further LEPRA Society’s financial systems and procedures are regularly reviewed, upgraded and documented.

Ongoing orientation and training is provided to the finance staff across the organization to build capacities and further enhance effectiveness.

Budget system

The budgeting process at LEPRA Society is a ‘Bottoms-Up’ approach to planning, with the individual projects preparing their action plans and budgets on the basis of the broad guidelines circulated by the Head Office and within the framework of the overall strategy of the organization. The budgets as prepared by the projects are reviewed by the respective Regional Offices / Divisions and after agreed amendments, recommended to the Head Office. At the Head Office, the budgets are reviewed with the respective Directors in the context of the overall organizational priorities and thereafter consolidated and documented for the agreement of the Management Committee of LEPRA Society, for final approval.

Investment policy

The investments have been acquired in accordance with the powers available to the Society. The Management Committee have considered the most appropriate policy for investing funds meeting all statutory requirements.

Internal audit / review

In addition to the statutory audit, LEPRA Society also does internal financial review of project offices. Internal financial review is basically designed to strengthen the internal control system of organization and strengthen the financial systems across the organization. This is an internal tool to maintain the standards of Financial Management in the organization and train finance staff in the new developments.

Financial review of all projects will be conducted by an in-house committee comprising of Head of Finance (1 No.), Finance Managers (3 No.) and Finance officer (1 No.). The review is normally done twice a year.

Management information / reporting

LEPRA Society recognises the importance of giving the Donors and the Senior Management Team up to date financial information to enable relevant strategic decisions.

Management Accounts are produced on a quarterly basis, normally within seven working days of the start of the following month. This report gives an overview of the financial performance of LEPRA and includes comparison to budgets, and fund availability. As a normal practice of annual reporting, an audited report of donor grants will be submitted to the donors. This audited report is produced within 45 days from the completion of the budget year.

Forecasting system

LEPRA Society has also recognised that to get a true reflection on performance, a forecast should be incorporated within the management accounts, reflecting major known changes to the original budget on a quarterly basis.

Grant making policy

The applicants are asked to submit a proposal, this is then reviewed by the Management Committee and Sr. Management against specific criteria. If deemed appropriate for funding it is recommended.

The Society supports the work of other agencies working in the field of leprosy and allied diseases.


Reports

Financial Reports

Foreign Contribution Audit Report 2015-16
Foreign Contribution Audit Report 2014-15
Foreign Contribution Audit Report 2013-14
Foreign Contribution Audit Report 2012-13
Foreign Contribution Audit Report 2011-12

Quarterly update – FCRA Remittance

April 2017 – June 2017
January 2017 – March 2017
October 2016 – December 2016
July 2016 – September 2016
April 2016 – June 2016
January 2016 – March 2016

Annual Reports

Annual Report 2015-16
Annual Report 2014-15
Annual Report 2013-14
Annual Report 2012-13
Annual Report 2011-12

Newsletters

LEPRA Society News Letter July 2017
LEPRA Society News Letter June 2017
LEPRA Society News Letter May 2017
LEPRA Society News Letter April 2017
LEPRA Society News Letter March 2017
LEPRA Society News Letter February 2017
LEPRA Society News Letter January 2017
LEPRA Society News Letter December 2016
LEPRA Society News Letter November 2016
LEPRA Society News Letter October 2016
LEPRA Society News Letter Sept 2016
LEPRA Society News Letter August 2016
LEPRA Society News Letter July 2016
LEPRA Society News Letter June 2016

Registration Certificates

Registration U/s. 12A
Registration U/s. 80G

Promising Practices

Promising Practices