Isha V

idhy

a Chr

onicl

e 201

3-14

2

Dharmapuri

Villupuram

Erode Tuticorin

Coimbatore

Salem

Nagarcoil

Chittoor, AP.

Cuddalore

Cone

ntsPage 4 • Who we are • Our Mission • Why Isha Vidhya

Page 5 Founder’s Vision

Page 6 Our Journey So Far

Page 7 Our Management Structure

Page 8 Reflections from the Project Director

Page 9 Our Approach

Page 10 Government School Intervention

Page 11 Making a Difference

Page 12 Testimonials

Page 13 Student impact stories

Page 14 Key Supporters

Page 15 Audited Accounts for the Financial Year 2013- 2014

3

Isha Foundation, founded by Sadhguru Jaggi Vasudev, is a

non-profit NGO headquartered at Coimbatore. For the last

three decades, Isha has been propagating the science of yoga

throughout the world with the objective of bringing about

holistic development that will allow individuals to realize their

true potential.

As a part of Isha’s social outreach programs, Isha Vidhya rural

schools have been started in villages (under the umbrella of

Isha Education, established in 2005) to provide high quality

school education to underprivileged rural children who cannot otherwise access or afford it.

Today, nine Isha Vidhya schools (eight in Tamil Nadu and one in Andhra Pradesh), are creating a

bright future for over 5,800 rural children - many of whom are first-generation school-goers. Full

scholarships funded by individual and corporate donors, cover tuition, notebooks and textbooks and

support 58% of the children while the rest pay a subsidized fee.

Isha Vidhya’s English-medium schools open the door for rural children to successfully pursue higher

studies and gainful employment. The holistic, activity-based approach nurtures children’s

development beyond just academics, ensuring that students realize their full potential and learn in a

joyful manner.

To make quality school education accessible and affordable to

underprivileged rural children.

• Take education beyond literacy and rudimentary skills

• Strive to make children fluent in English and adept in computer skills

• Actively promote education of girls

• Increase educational awareness in rural communities while

preserving their identity and culture

The real story of India today is a story of two Indias - the shining 20% of India which the rest of the

world sees and respects and the remaining 80% for whom the reality is very different.

A recent global student assessment placed India 73rd out of 74

assessed countries despite India fielding students only from two of its

top states in school education - Tamil Nadu and Himachal Pradesh.

According to Annual Status of Education Report 2013, only 2% of rural

Tamil Nadu students in Std. 2 could read at the appropriate level and

even in Std. 8, 35% still can’t read beyond the Std. 2 level. Further, 63%

of students in Std. 8 can’t do subtraction and 61% can’t do division.

With access to quality education, youth in rural areas can be empowered to take care of their own

and the country’s development. Isha Vidhya hopes to create a cost effective model to provide rural

youth quality education through Isha Vidhya schools and take this experience to work with Govt. &

other private schools to enhance the quality of rural education in India.

Who

we a

reOu

r Miss

ion

Why

Isha

Vid

hya

* The PISA (Program for International Student Assessment) 2009, which assessed schooling outcomes of 15-year-olds in language, mathematics and science.

4

When I travel through our villages and see the kids, they are so bright-eyed at the age of four or five but by the time they are fourteen or fifteen, the spark has gone; their eyes are lifeless.

Rural youth should not be stuck with situations where they cannot do anything more with their lives. Tamil Nadu has 9.7 million students in government schools but these are only numbers because the quality of education is suffering. Less than 20% of our graduates are employable. So these children neither have their parents’ skills nor can they read or do mathematics. This is one thing we have definitely changed through the Isha educational initiatives - our teachers have strived hard to raise the quality of education and at the same time, keep it as a joyful experience for the children.

Still, whatever we and a handful of other organizations are doing is only a small drop in the ocean so we are now adopting government schools and looking at how to improve their infrastructure and teaching methods, to upgrade the quality of education that is being delivered. We are adding four of our teachers per government school, and they will work to change the quality of the school from within. We are also using our Isha Vidhya schools as a training ground for government school teachers. We have taken this up as a pilot project, and it is producing phenomenal results. Isha Vidhya will be getting into this on a large scale in the coming years.

However, it is not in the hands of a single organization to do everything. We can inspire and facilitate, but we cannot take up everything because it is too large. The difference in human life cannot be measured only in numbers, but we do need to offer this possibility to as many children as possible. With the good will, respect and ability that Isha has earned, we need to open up channels with the government, corporate sector and with organizations like UNICEF, etc. I hope all of you will participate in whatever capacity you can, because this is something that can revolutionize rural India.

SadhguruIsha Vidhya Founder Trustee and Chairperson

Foun

derʻs

Visi

on

5

HIGHLIGHTS:• The first school started in 2006 at Coimbatore District. Today there are nine schools in Coimbatore, Erode, Salem, Dharmapuri, Cuddalore, Villupuram, Tuticorin & Nagarcoil Districts of Tamilnadu and Chittoor District in Andhra Pradesh, with 5820 children.• The Scholarship Program was launched in 2008 for 242 students. Today, over 3145 students benefit from this life-changing initiative.

• Kitchens were started in our schools in 2012. Nutritious noon-meals are provided at a highly subsidised rate of ` 5 per meal. The meal contains proteins and vegetables, and is prepared using salt fortified with 7 micronutrients.• In 2012, our eighth school, and the first outside Tamil Nadu, was started by the Apollo Hospital Foundation in Chittoor district.• In 2012, critical interventions in 26 Govt. Schools in Coimbatore, Dharmapuri and Salem districts were started to enhance quality of education in Govt.

schools with Isha Vidhya learnings. • Our ninth school, sponsored by Infosys Foundation, has started at Dharmapuri Dt., Tamil Nadu from the academic year 2013-14.• Govt school interventions increased from 33 schools in 2013-14 to 40 schools in 2014-15. Training of Govt. school teachers and large scale remedial programs were taken up.

EXISTING INFRASTRUCTURE & REQUIRED ADDITIONS At present, each Isha Vidhya school has an Administrative block and between 30 and 34 classrooms including a library, Math lab, Science lab, Computer-Aided Learning lab, Audio-visual lab and two Digital Classrooms. When fully completed, each school will have 42 classrooms including the labs. 15 school

buses are augmented by hired vans for providing safe transport to the children and teachers on a break-even basis.

The schools still need 50 classrooms to be complete with 2 sections each from LKG to Std. 10 and 3 sections each for 11th & 12th. Once complete each school will have 1100 children. 8 more school buses and construction of compound walls around the perimeter of each school are the other major immediate infrastructure requirements. The requirement of funds for 2015-16 are summarised below:

Our J

ourn

ey S

o Far

No. Description Amt. (`) Amt.(US$) Amt.(GBP)

1 Infrastructure Requirements for all Schools 7,31,54,100 1,330,075 975,388

2 Student Sponsorships 5,28,50,000 1,269,200 793,000

3 Govt. School Adoption Program 3,01,14,488 547,536 401,527

TOTAL 15,61,18,588 3,146,811 2,169,915

6

2245

48365200

2013-14

1000

0

2000

3000

4000

5000

6000

2007-08

Total No. of Students Students on Scholarship

2006-07

261716

242

1114687

18711264

1462

27543488

2095 2245

4050

0

2008-09 2009-10 2010-11 2011-12 2012-13

2756

5205

2013-14

3145

5820

2014-15

Our M

anag

emen

t Str

uctu

re

Our Board of Trustees and Advisory Committee include eminent people who,as independent appointees, actively participate in the activities of the schools.

BOARD OF TRUSTEES:Sadhguru Jaggi Vasudev, Founder Trustee and ChairpersonSwami Nisarga, M.E, Managing TrusteeMs. Bharathi Varadaraj, Correspondent- Isha Home SchoolMr. Prahlad Kakkar, Advertising GuruMr. Deepak Satwalekar, Ex-MD, HDFC Ltd. and HDFC Standard Life Ltd.Mr. Dorairaj, Senior AdvocateMr. Sachin Gupta, Head- Legal: ILFS Group Mr. H.Ramesh, Chairman, TSS Group, HyderabadMr. C.Prabhakar, Director – Gopalan Enterprises, Bangalore

ADVISORY COMMITTEE:Mr. Ravi Venkatesan, Ex-Chairman, Microsoft IndiaMr. K. Kumaran, IndustrialistMr. Armoogum Parsuramen, Former Head, UNESCO IndiaMr. D.R.Karthikeyan, Former Director, CBIMr. M.P.Vijayakumar, Former Head- Sarva Siksha Abhiyan, TamilnaduMr. Zulfi S. Haider, Ex-National Coordinator, Planning commission Mr. N. Thirunavukarasu, Chief Educational Officer(Retired), Tamilnadu Govt.

BOARD OF TRUSTEES

EXECUTIVE TEAM

MANAGEMENT COMMITTEE

ADVISORY COUNCIL

GOVT. SCHOOLS ISHA VIDHYASCHOOLS CONSTRUCTION

SCHOOL ADMIN.PRINCIPAL / VP

ISHA VIDHYASCHOOL COORDINATORS

FUND RAISING,DONOR

RESPONSE

ACCOUNTS, HR,ADMIN., MAINT.,

PURCHASE

7

It's been a little more than 4 years now since I have been immersed in Isha Vidhya and am truly grateful to Sadhguru for this opportunity to be a part of the transforming process impacting the children studying here. Academically, the children are getting access to some of the best facilities, methodologies and inputs and this is reflected in the independent 3rd party assessment of our children carried out by Educational Iniatives in 2012, wherein our children performed far better than Govt. school children as well as children from other private schools in rural areas. Since starting noon-meal kitchens in our schools two years ago, there has been a sharp drop in the proportion of children suffering from malnutrition or anemia from over 70% in 2011 to 25% in 2014. With continuation of the initiative, this is likely to drop to nil.

The scholarship program at Isha Vidhya ensures that we are able to reach even the poorest of families. The pedagogy is adapted to help children who can expect no parental help in academics. Digital and animated content, classroom educational aids, toys and Montessori materials are integrated into the curriculum to make learning both fun and effective. Parents have often shared how their children love coming to school and though they don’t seem to have much homework to do, they seem to be making good progress. The numerous prizes won by our children at the district, State and even South India level are testimony to this.

With a view to taking the learnings and capabilities built up at Isha Vidhya to more children, we are also carrying out interventions in Government schools. Since most rural children are still dependent on Govt. schools for their education, this initiative provides the badly needed support to enhance the quality of education that they get.

The high student-teacher ratio in Govt. schools affects the performance of the class and creates an inability to support slow learners. To counter this we are hiring and training additional teachers at our cost to fill the teaching gaps and provide special attention to slow learners. In addition, by introducing English language learning tools and methodologies followed at Isha Vidhya, sports, arts and crafts, health awareness, environmental awareness and other initiatives, the education is made more holistic and interesting for the child. With support of likeminded individuals and organizations we hope to expand these initiatives over the coming years. Our sincere thanks to the many companies, foundations and individuals who have shared this journey with us and made it happen for our children.

Vinod Hari Isha Vidhya Project Director

Refle

ctio

ns fr

om th

e Pro

ject

Dire

ctor

8

When they first enter school, a majority of the

children are likely to have some level of physical

and mental hurdles as a result of malnutrition and

lack of intellectual nurturing. Isha Vidhya schools

are affiliated to the Tamil Nadu Matriculation

Board. There is special emphasis to ensure that rote learning is

avoided and to foster a stress-free, child-friendly learning

environment. Non-formal methodologies, especially in the

formative years of kindergarten and primary school, are a

significant component of the teaching process. Isha Vidhya’s

pedagogy borrows several relevant, innovative education

practices from around the world.

To engage the child in the subject, textbook learning is augmented

with learning toys, visual aids, DVDs and CAL (Computer-Aided

Learning) labs. Given that English is a primary focus of Isha

Vidhya, we use several approaches to help the child become

comfortable with the language. The Karadi Path and Power

English are two programs from the Karadi Tales Company which

are specifically designed for children from non-English

environments. Classroom practices such as Journaling,

Storytelling and Show & Tell also encourage children to speak

English confidently. Children requiring extra assistance are a

special area of focus.

While the schools follow a continuous process of assessment

based on various set parameters, Isha Vidhya’s central academic

team administers a curriculum-neutral assessment of learning

outcomes in English, Mathematics, Science, and Tamil. The

objective of this assessment is not so much to test the child as it is

to gain an insight on the effectiveness of the teaching process.

Several other initiatives for the wellbeing of the child include health

and hygiene classes, creative development, seedling nursery

activity, games, sports, and yoga. This holistic, activity-based

approach nurtures children’s development beyond just academics,

ensuring that students realize their full potential and learn in a

joyful manner.

English Fluency

Exposure to the World

Computer Savvy

Holistic education & Development

Our A

ppro

ach

Teachers receive training and support throughout

the year.School Coordinators monitor and support

implementation of the methodologies.

9

Since 2012, Isha Vidhya is also taking a major step in

bringing the Isha Vidhya learning and methodology into

government schools. 40 Govt. schools in Coimbatore,

Dharmapuri and Salem Districts have been adopted to

take up various initiatives aimed at improving quality of

education in these schools.

While the government has created school infrastructure,

we realize that Isha Vidhya’s experience can be utilized to

impact methodology and teaching environment in these

schools significantly through critical interventions in the

following key areas:

1. Hiring teachers to reduce the student-teacher ratio and

filling teacher gaps.

2. Hiring teachers for special teaching to slow-learners to

mainstream them,

3. Basic training to teachers in child friendly teaching meth-

ods to maintain discipline without physical punishment,

motivating children, lesson planning, access and use of

classroom educational aids and digital content, etc.

4. English language program introduction for all students to

teach the language effectively.

5. Infusing hitherto neglected aspects like sports, yoga,

arts and crafts, and health and hygiene

This is likely to result in several thousands of children

benefitting from the transformation that is achieved by a

meaningful education.

Gove

rnm

ent S

choo

l Int

erve

ntio

ns

10

Mak

ing a

Diff

eren

ce

ACADEMIC ASSESSMENT• In the classroom

• Through centralized curriculum-neutral

procedures for overall skills and knowledge

• By Educational Initiatives, relative to several

other schools

• Of individual teacher performance, every term

OVERALL WELLBEING • Medical checkups to assess students' overall

health

• Nutrition and anemia related checkup to

assess the impact of noon-meals

• Visitors to Isha Vidhya schools have

consistently shared that our students are

enthusiastic and joyful and seem to be

enjoying school

OTHER AREAS• Positive impact on local communities

• Quantitative benefits include increased

land-value near schools, paving of roads and

rise in local employment opportunities

• Qualitative benefits include better relations

among different economic and social groups,

and awareness and pride in local culture

11

Test

imon

ials

I had worked for many years as section head

and teacher at another school, but being in

Isha Vidhya is something very different. The

training they give us here has been very useful.

We find ourselves changing into students and

bubbling with energy and anticipation for the

activities conducted in the workshops. We’ve

adapted ourselves to the new methods, which

include not beating, punishing or using harsh

words with students, and I’ve seen remarkable

growth in the students because of this

approach. The children are very frank and

open because they have

no fear of the teachers

or the Principal.

They are taking up their

studies out of interest

and self-motivation

rather than fear, and

they are doing so well.

Shylakumari, Principal, Isha Vidhya,Kurandi, Nagercoil

If the testimony of a good school is that those

most closely associated with it enroll their own

children, then Isha Vidhya scores high.

Teachers, van drivers, administrators - those

who know the ins and outs of the Isha Vidhya

schools are the first to get their children's

applications in for enrollment.

A key step in Isha Vidhya’s methodology is to

provide ongoing training to the teachers.

Follow-up training and monitoring happens at

each school location throughout the year.

During the summer vacations, teachers from

across Tamil Nadu attend a centralized training

workshop, which provides a critical orientation

into the Isha Vidhya teaching methodology and

covers the basics in education - from how to

build a lesson plan to how to guide students in

activity-based learning.

With the Isha Vidhya methodology blending

technology, activity and learning, students find

schooling and learning an enjoyable

experience and look forward to coming to

school each day.

12

Abhinesh, Student in Villupuram School

Abinesh is a very active child studying in Grade Three in Isha Vidhya Matriculation School located in

Villupuram District. Ever since his father abandoned the family a few years ago, his mother works as

a maid at a school in order to support her family.

Abinesh’s elder brother is studying in Grade Five in Isha Vidhya Matriculation and his younger sister

Adeline, is in Upper KG. The three children stay with their maternal grandmother as their mother

stays closer to her work place which is quite far away and she visits them once or twice a month.

Initially, Abinesh was sullen and rude with classmates and teachers as his family situation affected

him badly. He was an average learner in the beginning. The teachers worked on his temperament

and he is now cheerful and friendly, while doing well in his studies as well. He is very talented in

drawing and colouring. He loves to speak in English and converses with his fellow mates in English.

All the three children enjoy having the noon meal provided in the school and this is their best meal of

the day.

Abinesh also loves travelling from home to school in the school bus. They never

miss a day of school. He has many friends and he says “I love all my teachers

and they are very kind to me.”

Their mother is deeply grateful for the opportunity her children are getting

thanks to the Full Educational Support provided by Isha Vidhya, which covers

their entire schooling expenses including tuition, books, note-books, noon

meals, transport and uniforms.

14

Stud

ent i

mpa

ct st

ories

13

Key

Supp

orte

rs(Is

ha V

idhy

aʻs d

onor

s in t

he la

st th

ree y

ears

)

INDIVIDUALS

Aarumugam K.B.AndreaArunBhaskar SrinivasanChristyDeepak M. SatwalekarDilipDinodiyaGirija RamHiteshJaikanthanKalaimathi G.R.KayalvizhiKrishnaveniKristineManuMarjorie Arlene YoungMohinani HassomalMuthiahNarayanPalaninathanPartha SrinivasanPratapRamesh RamakrishnanRanjith ThiagarajanRashmi GognaSankararaman R.Shaishav Pankaj DhariaSita & V R ArimilliSowmya UmanVaidehi DevadhirajanVenkataraman C.K&several other Individual donors…who made it possibleto reach out!

FOUNDATIONS

Asha for EducationCharities Aid Foundation IndiaChase Community GivingCognizant FoundationLakhi TrustRavi Sankaran Charitable TrustTamilnadu Foundation Inc UsaYatra Foundation

ACCREDITATIONS WITH REPUTED FUND-RAISING PLATFORMS

Give IndiaGlobal GivingCharities Aid Foundation (India)United Way of MumbaiGuidestar IndiaHelp Your NGOOrangestreetSeeYourImpact

CORPORATE

Agility Logistics Private LimitedAll CargoAlok IndustriesApollo Hospitals GroupAshok LeylandBarclays Bank PlcBPCLCWCEID ParryFinancial Inclusion Network & Ops LtdGaja Advisors PrivateHdfc Bank LtdHimedia LabsHewlett-PackardHPCLIBMICICI LombardIDBI BankIndia InfolineIndian Diamond IndustryInfosys FoundationJayabharatham Furniture Appliances Ltd.LanxessLarsen And Toubro Ltd.LIC of IndiaMahendra BrothersMahindra And Mahindra Ltd.MyIris.comNirvana VenturesOrida Usa Holding IncPure Earth DonationRamaniyam Real Estates Pvt. Ltd.Rosy BlueSBI Life Insurance Co. Ltd.Shrenuj & Co. Ltd.S. Kumars Nationwide Ltd.Tata MotorsTamilnadu Newsprint And Papers Ltd.Uni-designVijaya BankVjg Real EstatesZirkoon General Trading Llc

Our deepest gratitude goes out to all our donors & supporters who have made this project happen. We acknowledge each one of them with warmth and humility. Some of our major donors in the last 3 years are:

14

Audi

ted

Acco

unts

for F

inan

cial Y

ear 2

013-

2014

Cons

olid

ated

det

ails

pert

aini

ng to

Isha

Vid

hya (

Part

of Is

ha Ed

ucat

ion T

rust)

15

Name Position on Board No. of Meetings Remuneration &

attended reimbursements in (`)

Sadhguru Jaggi Vasudev Founder Trustee 1 NIL

& Chairperson

Swami Nisarga Managing Trustee 4 NIL

Ms. Bharathi Varadaraj Trustee 4 NIL

Mr. Prahlad Kakkar Trustee 1 NIL

Mr. Deepak Satwalekar Trustee 0 NIL

Mr. Dorairaj Trustee 1 NIL

Mr. Sachin Gupta Trustee 1 NIL

Mr. H.Ramesh Trustee 1 NIL

Mr. C.Prabhakar Trustee 0 NIL

DETAILS OF BOARD MEMBERS AS ON 31/03/2014

Name Designation Destination PurposeNIL NIL NIL NILTotal

TOTAL COST OF INTERNATIONALTRAVEL BY ALL PERSONNEL (INCL.VOLUNTEERS) & BOARD MEMBERS

Assets as on 3/31/2014 3/31/2013 3/31/2012Fixed assets Land & Building 124.68 109.35 81.21 Other Assets 27.06 20.98 20.51Investments 0.00 0.00 0.53Loans and advances Deposits 2.56 1.83 1.61 For Capital Expenses 0.90 9.80 2.82 For Operating Expenses 0.84 2.11 0.27Cash and bank balances 26.70 7.54 33.24Other current assets 0.16 0.16 0.12Inter concern balance 2.54 12.49 0.00Excess of expenditure over income (if any) 22.15 0.00 15.98 Total Assets 207.59 164.26 156.29

Liablities as on 3/31/2014 3/31/2013 3/31/2012Trust/ Society/ 0.00 0.00 0.00 Share-holder fundsCapital fund (unrestricted 142.09 140.57 88.68including corpus fund)Inter concern balance 8.63 8.63 31.75Corpus & Utilized Ear- 50.87 1.65 31.71marked fund transferredRestricted/ Earmarked 3.55 0.00 3.78fundsGrant balances 0.00 0.00 0.00Current liabilities & 2.46 1.05 0.38provisionsExcess of income over expenditure (if any) 0.00 12.36 0.00Total Liabilities 207.59 164.26 156.29Notes for 2012-13 & 2013-14Notes:- All figures pertain to Isha Vidhya Project. Relevant amounts which appear as part of theaccounts of the Parent Trust (Isha Education) have also been identified and aggregated here topresent a complete financial picture of the Isha Vidhya project. The Fixed assets includes assets Rs.1093.53 Lacs and Rs. 1255.01 Lacs for the year 2012-13 and2013-14 appearing in the name of Isha Education used exclusively for Isha Vidhya.The Loans & Advances includes for Rs.108.37 Lacs and Rs.9.06 Lacs for the year 2012-13 and2013-14 appearing in the name of Isha Education, all extended for project Isha Vidhya.Other current assets are TDS receivable appearing in the books of Isha Education.

BALANCE SHEET (All figures are ` Million)

Slab of gross salary Male Female Total+ benefits (`/month) (No’s) (No’s) (No’s)<5000 22 172 1945,000 - 10,000 57 130 18710,000 - 25,000 21 19 4025,000 - 50,000 6 2 850,000 - 1,00,000 1 - 11,00,000 > - - -Total 107 323 430

DISTRIBUTION OF STAFF ACCORDING TOSALARY LEVELS AS ON 31/03/2014

Particulars Name Designation Annual Remuneration (`)

Operational Head Vinod Hari Project Director NILof the organization (including honorarium)

Highest paid person Subhasis Sr. Manager - 7,78,404in the organization Pujapanda F&A (staff or consultant)

Lowest paid person Sudha S Teacher 45,120in the organization (staff or consultant)

SALARY DECLARATION

Payments for the year ended 3/31/2014 3/31/2013 3/31/2012

Capital items/assets purchased 36.85 40.95 39.00

for the organisationCapital items/assets purchased 0.00 0.00 0.00

for beneficiariesPurchase of investments 0.00 0.00 0.00

Grants/ donations to other 0.00 5.58 0.00

organisationsIncrease in Current assets 0.00 0.02 0.00

Decrease in Current Liability 0.00 0.00 0.00

Inter Concern balance 2.45 12.49 0.00

Operating Expenses 68.66 50.24 43.71

Total Payments 107.97 109.28 82.70

Closing cash and bank balance 26.70 7.54 33.24

Receipts for the year ended 3/31/2014 3/31/2013 3/31/2012

Opening Cash and Bank Balance 7.54 33.24 17.01

Earned/Self generated income 40.73 28.25 22.73

Donations from Indian sources 45.18 26.09 12.40

Grants from Indian sources 0.00 0.00 0.00

Donations from International sources 29.38 26.65 37.00

Grants from International sources 0.00 0.00 0.00

Closure of Deposit 0.00 0.53 0.00

Sale of investments/ assets 0.00 0.00 0.00

Increase in current liability 1.41 0.89 0.01

Decrease in Current assets 9.42 0.00 0.39

Inter concern transaction 0.00 0.00 25.05

Other receipts 1.01 1.18 1.35

Total Receipts 134.67 116.83 115.94

Notes:- All figures pertain to Isha Vidhya Project. Relevant amounts which appear as part of the accounts of the Parent Trust (Isha Education) have been identified and aggregated here to present a complete

financial picture of the Isha Vidhya project

• Cash and bank balance include funds of Isha Vidhya in the accounts of Isha Education. • All donations are received only in the name of the Isha Education, which has the FCRA & 80G approvals.

• Other Income includes for Bank Interest appearing in Isha Education accounts. • Capital Assets include those exclusively for Isha Vidhya, but appearing in Isha Education account

• Donation given is from Isha Education for other education related activities.

RECEIPTS & PAYMENTS ACCOUNT (All figures are ` Million)

INCOME & EXPENDITURE STATEMENT(All figures are ` Million)

Income for the year ended 3/31/2014 3/31/2013 3/31/2012

Earned/ Self generated income 40.73 28.25 22.73

Donations from Indian sources 19.22 26.09 7.72

Grants from Indian sources 0.00 0.00 0.00

Donations from International sources 1.01 25.00 6.20

Grants from International 0.00 0.00 0.00

sourcesOther income 1.01 1.18 1.35

Total Income 61.96 80.52 38.00

Expenditure for the year ended 3/31/2014 3/31/2013 3/31/2012

Programme related Expenses:-

Salaries & Benefits 31.64 22.85 20.89

Staff training 0.81 0.74 0.26

Office Support Expenses 20.07 14.27 12.28

(including student transport) Material procured 13.96 9.31 8.73

(Consumables as Food/Books/Provisions)

Event Registration & 0.99 1.20 0.00

Public Awareness Expenses

Depreciation on Building 11.18 8.49 7.42

Depreciation on assets 4.27 3.85 3.48

other than BuildingDonation given 0.00 5.58 0.00

Payments to Beneficiaries 0.00 0.00 0.00

Other expenses 1.19 1.87 0.93

Total Expenditure 84.11 68.16 53.99

Surplus / Deficit -22.15 12.36 -15.98

Notes:- All figures pertain to Isha Vidhya Project. Relevant amounts which appear as part of the accounts of the

Parent Trust (Isha Education) have also been identified and aggregated here to present a complete financial

picture of the Isha Vidhya project. The figures impacted thus are marked with '#'.

All donations are received only in the name of the Isha Education Trust, which has the FCRA & 80G approvals.

Other Income includes Bank Interest appearing in Isha Education Accounts.

Buildings are appearing in the books of Isha Education trust but used exclusively for Project Isha Vidhya.

14, CA Theyvar Layout, Kannapiran Mills Road,Udayampalayam, Coimbatore - 641028, India.Ph: +91 944254459, +91 422 4272740 Email: info@ishavidhya.org Visit: www.ishavidhya.org