& KIRLOSKAR CHARTERED ACCOUNTANTS

FORM NO.1OB (See rule 17 B)

Audit report under section 12A (b) of the Income -tax Act, 1961 in the case of charitable or religious trusts or institutions

We have examined the balance sheet of Make-A-Wish Foundation on India, Mumbai. as at 3 lS' March, 20 15 and the Income and Expenditure account for the year ended on that date which are in agreement with the books of account maintained by the said trust. 'l'hese financial statements are the responsibility of the trust. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with 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 fiom material misstatement. An audit includes examining, on test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the trust as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion and to the best of our information and according to explanation given to us and subject to Note No. 5 regarding 'Outstanding Charity Commissioner Fees ', the said accounts give a true and fair view;

i> in the case of the balance sheet, of the state ofthe affairs of the above named trust as at 3 1" March, 20 15 and

ii) in the case of the Income and Expenditure account of the Surplus of its accounting year ending 3 1 March 20 15.

'I'he prescribed particulars are annexed hereto.

For KIiIRE KHANDEKAR A N W CHAK'I'KKEI) A C C ~

(M. s. KHIRE- Partner

'f~ 4~ Place : Sangli.

?

105 1 , MADHAVNAGAR ROAD. SANGLI - 4 16 4 16 PHONE : 2375883, FAX : 2322893

Registration No. : Name of the Club : For the year ending :

REPORT OF AN AUDITOR RELATING TO ACCOUNTS AUDITED UNDER SUB-SECTION 33 & 34 AND RULE

19 OF THE BOMBAY PUBLIC TRUST ACT.

31st March. 2015 YESINO

( a ) Whether accounts are maintained regularly and in accordance : YES . .

with the provision of the act and therules ; ( b ) Whether receipts and disbursements are properly and correctly

shown in the accounts ; ( c ) Whether the cash balance and vouchers in the custody of the

manager or trustee on the date of audit were in agreement with the accounts;

( d ) Whether all books,deeds ,accounts,vochers or other documents or records required by the auditor were produced before him;

( e) Whether a register of moveble and immovable properties is properly maintained ,the changes therein are communicated from time to time with the regional office ,and the defects and inaccuracies mentioned in the previous audit report have been duly compiled with;

( f) Whether the manager or trustee or any other person required by the auditer to appear before him did so and furnished the necessary information required by him;

( g ) Whether any property or funds of the trust were applied for any object or any purpose other than object or purpose of the trust;

( h ) The amounts of oustanding for more than one year and the amounts written off ,if any ;

( I ) Whether tenders were invited for repairs of construction involving expenditure exceeding Rs.50001-;

( j ) Whether any money of the public trust has been invested contrary to the provisions of Section 35;

( k ) Alienations ,if any,of the immovable property contrary to the provisions of Section 36 which have come to the notice of the auditor;

( I ) All cases of irregular,illegal or improper expenditure ,of failure or omission to recover moneys or other property belonging to the pubilc to the public trust or of loss or waste of money or other property thereof,and whether such expenditure ,failure ,omission, loss or waste was caused in consequence of breach of trust; misapplication or any other misconduct on the part of the trustees or any other person white inthe management of the trust;

( m) Whether the budget has been filed in the form provided by rulel6A; ( n ) Whether the maximum &minimum number of the trustees is maintained ( o ) Whether the meetings are held reqularly as provided in such instrument; ( p) Whether the minute books of the proceedings of meeting is maintained ( q) Whether any of the trustees has any interest in the investment of the trust; ( r) Whether any of the trustee is a debtor or creditor of the trust; ( s ) whether the irreqularities pointed out by the auditor in the accounts of the

previous year have been duly complied with by the trustees during the period of audit;

( t ) Any sepecial matter which the auditor may think fit or necessary to . NO bring to the notice of the Deputy or Assistant Charity Commissioner ;

YES

YES

YES

YES

YES

NO

N A

YES

NO

NO

NO

YES YES YES YES NO NO YES

Place : Sangll. Date : 04/08/2015

FRN 105148W

Partner

Statement of Income Liable to Contribution for the vear endina Name of the Club I Public Trust

THE BOMBAY PUBLIC TRUST ACT.1 WO SCHEDULE IX [Vide Rule - 321

Reaistration No.MSS73 MUMBAl

31 st March. 2015 MAKE-A-WISH FOUNDATION OF INDIA

Particulars Amount Rs.

I. Income as shown in the Income and Expenditure Account [ Schedule : IX ]

II. Items not chargeable to contribution under Section 58 and Rule - 32 ; ( I ) Donation received from other Public Trust & Dharrnadas ( II ) Grants received from Govemment 81 Local authorities (Ill ) Interest on Sinking or Deprecition Fund (IV) Amount spent for the purpose of secular education 01) Amount spent for the purpose of medical relief ( W) Amount spent for the purpose of veterinary treatment ( VII) Expenditure incurred from Donations for relief of distress caused

by scarcity,drought,flood,fire or other natural calamity ( Viil) Deductions out of income from lands used for agricultural Purposes:

( a ) Land Revenue and Local Fund Cess ( b ) Rent payable to superior Landlord. ( c ) Cost of production,if Lands are cultivated by trust

( IX ) Deductions cut of income from Lands used for non agricultural purpose: ( a ) Assessment,cessess and other Govemment or Municipal Taxes - ( b ) Ground rent payable to superior Landlord ( c ) Insurance Premium ( d ) Repairs at 10% of Gross rent of building ( e ) Cost of collection at 4 % of gross rent of building let out

( X ) Cost of collection of income or receipts from Securities.Stocks etc.at 1 % such income.

( XI ) Deductions on account of repairs in income,& 10% of the estimated gross annual rent.

Gross Annual income Chargeable to contiibution

Certified that while claiming deductions admissible under the above schedule, we have not claimed any amount twice, either wholly or partly,against any of the items mentioned in the schedule which have the effect of double deductions.

TNst Address : Ma ke-A-wish I I 1 ,Vasan Udyog Bhavan Sunmill compund Opp. Hihstreet Phoenix Mall Lower Parel.Mumbai 400013

Place : Sangli. Date : OrU08/2015

- For

For

The Trust has received legal advice that the charity

commissioner fee is not required to be paid as per Supreme Court judgement

Vide: ref. Manu/ SCi 05321 1975 AIR 1975, S.C. 846 (1975), ISCC

509, (1 975) 3 SCR- 475 As a result, the trust is not liable to pay charity commissioner fees

in this respect

KHlRE KHANDEKAR CHARTERED ACC

FRN 10S148W

- Trustee

ANNEXURE TO FORM NO. 10B

I ) APPLICATION OF INCOME FOR CHARITABLE OR RELIGIOUS PURPOSE

1 Amount of income of the previous year applied to chairtable or religious purposes in lndia during that year.

2 Whether the trust I institution has exercised the option under clause (2 ) of the Explanation to section I 1 ( 1.) ? If so,the details of the amount of income deemed to have been applied to charitable or religious purposes in India during the previous year.

3 Amount of income accumulated or set apa- for application to charitable or religious purposes,to the extent it does not exceed 15 per cent of the income derived from propeity held under trust wholly/ h+x& for such purposes.

4 Amount of income eligible for exemption under section 11 ( I ) ( C ) ( Give details )

5 Amount of income,in addition to the amount referred to in item 3 above ,accumlated or set apart for specified purposes under sedion 11 (2)

6 Whether the amount of income mentioned in item 5 above has been invested or deposited in the manner laid down in sed'in 1 I ( 2 ) ( b)?lf =.the details thereof

7 Whether any part of the income in respect of which an option was execrcised under clause ( 2 ) of the Explanation to section I 1 ( I ) in any ealier year is deemed to be income of the previous year under sedion 11 ( I B) 7 If so,the details thereof

8 Whether,during the previous year,any part of income accumulated or set apart for specified purposes under section 11 ( 2 ) in any eadier year - ( a ) has been applied for purposes other than charitable or

religious purposes or has ceased to be accumulated or set apart for application thereto,or

( b ) has ceased to remain invested in any security referred to in section 1 l(2) ( b) ( I ) or deposited in any account referred to in section I 1 ( 2 ) ( b ) ( ii ) or section 1 l(2) (b ) (iii) ,or

: NIL

: NIL

: NIL

( c ) has not been u t i l i i for purposes for which it was accumulated or set apart during the period for which it was to be accumulated or set apart , or in the year immediately following the expiry thereof ? It so,the details thereof

II) APPLICATION OR USE OF INCOME OR PROPERTY FOR THE BENEFIT OF PERSONS REFERRED TO IN SECTION 13 ( 3 )

1 whether any part of the income or property of the trust/ institution was lent,or continues to be lent,in the previous year to any person referred to in section 13 ( 3 ) ( hereinafter referred to in this Annexure as such person ) ? If so,give details of the amount. rate of interest charged and the nature of security,if any

2 whether any land,building or other property of the trusVinstiiution was made,or continued to be made,available for the use of any such person during the previous yean It =,give details of the property and the amount of rent or compensation charged ,if any

3 whether any payment was made to any such person during the prevlous year by way of salary,allowance or otherwise ? If so, given details

4 whether the services of the trust/instiution were made available to any such person during the previous year? If %,give details thereof together with remuneration or compensation received , if any

5 whsthar any share,security or other property was purchsed by or on behalf of the t ~ s V instiuion during the previous year from any such person? If so, given details theieof togther with the consideration paid

6 whether any share,security or other property was soM by or on behalf of the tW~nstiiution during the previous year to any such person? If so,give details thereof together with the consideration received

7 whether any income or property of the trust/institution was diverted during the pervious year in favour of any such person ? If so,give details thereof together with the amount of income or value of property so diverted

8 whether the income or property of the trusthnstiution was used or applied during the previous year for the benefit of any such person in any other manner? If %,given details

: NIL

cont... 3

Ill). INVESTMENTS HELD AT ANY TIME DURING THE PREVIOUS YEAR f S ) IN CONCERNS IN WHICH PERSONS REFERRED TO IN SECTION 13 ( 3 ) HAVE A SUBSTANTIAL INTEREST

Sr. Name and address of where the Nominal Income fmm whether the No. the concem concern is a company, value the amount in cat.

number and class of the Investment 4 exceeded of shares held investment 5 per cent

of the capital of the concern during the previous year-

. say,Yerno

NIL

As per our report of even date. For KHlRE KHANDEKAR AND KIR

Place : Date:

CHARTERED ACCOU

Sangti.

Sangli. 04/Otll2015

For M A K E - A R FOUNDATION OF INDIA

THE BOMBAY PUBLIC TKUSTACT;l%(I Registration No. E-15573 MUMBAl SCHEDULE : VIII w& Rule 1 7 ( 1 )]

Name of the Club / Trust : MakeA-Wish Foundation of India ' BALANCE SHEET AS AT MARCH 31,2015

Current Previous Year Year

FUNDS 81 UABlUTlES Current Previous Year Year

Trust Funds Balance as per last Balance Sheet 2680768 2680768 Adjusted during the year 0 0

2680768 2680768 Other Earmarked Funds Opening Balance 1000000 0 0 Adb' : Transfer horn lncd'ome & 0 10-

Expenditure a/c Closing Balance lOOO000 lOOO000

.PROPERTIES AND ASSITS

- Stocks Balance as per last Balance Sheet Less : Consumption during the year Add : Additions during the year

Investments Fied Deposits

Loans (Secured a Unsecured) From Trustees From Others 7822

20742 559?83

{abilities for expenses payable

L 01s Charity Commissioner Fees

Fumitures, Fixtures & Other assets Balance as per last Balance Sheet Additions during the year Less : Sale During the year Less : Depreciation

Electricity expenses payable Office Expenses payable Printing & Postage expenses Telephone bills Professions Tax

red or umecure~ 0 lo8l0 Imns secu

Other o/s expenses 0 For Rent & Other deposits 0 Wtsh Gifts 180087

12383 0

5425 44090 112360 0 Advances

838322 765593 I To Trustees

Deuosits Telephone Deposit Rent Deposit Water Can deposit Premise Deposit

Income & Expenditure Account Balance as per last Balance Sheet 7959701 I To Employees

3597213 To Contractors

I Interest

Add:- Surphs/ (deficit) 6787497 4362488 Less :- Transfer to Earmarked fund 0 0

14747198 7959701

Cash & Bank Balamxs Axis Bank HDFC Bank YES Bank Standard Chartered Bank

To Amazon To others TDS Receivable Prepaid rent

Cash on hand

I

As per our report of eve For KHlRE KHANDEKAR For MAKE A WISH FOUNDATION OF INDIA

CHARTERED ACCOU nding: Not applicable FM. lOS148W

unts are kept on mercantile beO TRUSTEE

Place : Sangll. Date :

'

MAKE A WlSH FOUNDATION OF INDIA INCOME & EXPENDITURE A/C FOR THE YEAR ENDED MARCH 31,2015

EXPENDITURE Current Previous INCOME Current Previous Year Year Year Year

Establishment Ex~enser 8706923 7167018 Bv Interm Schedule A On Fixed Deposits 1101046 501206 Denreciation 245317 90660 On savings account 187057 183729

Exwnditure on obiecb of the True Schedule B Transfer to Other Earmrked FuM

Surplus/ (Deficit) carried to Balance Sheet

27267167 17410566 p o n m Schedule C

0 1OOOOOO Income from other sourw

6787497 4362488 Sale of merchandise

As per our report of even date. For KHlRE

CHARTERED ACCOU

Place: Sangli. Date : 04/08/2015

Other receipts

For MAKE A WlSH FOUNDATION OF INDIA

TRUSTEE

MAKE A WISH FOUNDATION OF INDIA c

INCOME & EXPENDITURE A/C FOR THE YEAR ENDED MARCH 31,20l5 Schedule A Establlshment Expenses

Current Previous Year Year

Professional Fees 3123198 2675701 Bank Charges Conveyance Electricity Meeting Expenses Misceallaneous Expenses Office & Admonistration expenses Postage Printing & stationery Rent Repairs & Maintenance Telephone expenses Training & Equipment Travelling expenditure Adsvertisement Recruitment expenses Transportation charges Membership & Registration fees Internet charges Commission & Brokerage Affiliate expenses

Schedule 6 Expenses on objects of the Trust Wish gifts Wish Ice Breakers Wish Misceallaneous Ekpenses Wish Photo Expenses Wish Travel Expenses Wish Volunteer Expenses Development expenses Salaries Wish Fund Expenses Wish gift expenses-In kind

MAKE A WISH FOUNDATlON OF INDIA

INCOME & EXPENDCrURE A/C FOR THE YEAR ENDED MARCH 31j2015

Schedule C Donations

Corporate Contribution Donation boxes Fund raising events Foreign Donations Individual contribution Public Trust Donation in kind

MAKE-A-WISH FOUNDATION OF INDIA

Statement of Significant Accounting Polices adopted by the trust and notes forming part of the Balance

Sheet as at 3 1" March 20 15 & Income & Expenditure Account for the year ended on that date

A - Statement of Si~nificant account in^ Policies - 1. Accounting policies not specifically referred to otherwise are consistent with

earlier year in consonance with generally accepted accounting principle.

2. Investments: - Investments are stated at cost.

3. Recogsition of Income & Ex~enditure: - Revenues/Incomes and Cost/Expenditure are generally accounted on accrued basis. Expenditure on Souvenir1 mementos is expenses out Income and Expenditure account in the year in which expenditure incurred.

4. Accountina for Donations - The grant is recognized only when it is actually received. (i) Grants received to acquire a non-depreciable asset, e.g., fieehold land, is recognized separately as a 'Restricted Fund' in the balance sheet. When the asset is acquired, the concerned restricted fund is transferred to the 'General Fund' in the balance sheet. However, if a grant related to a non-depreciable asset requires the fulfillment of certain obligations, the grant is treated as deferred income and recognized as income over the same period over whch the cost of meeting such obligations is charged to income. (b) Grants in the form of non-monetary assets (such as fmed assets) received at a concessional rate is accounted for on the basis of their acquisition cost to the NPO. In case a non-monetary grant is received fiee of cost, it is recognized at the nominal value of Re. 1. (c) For grants received for the purpose of meeting revenue expenditure of the NPO, both the grant (to the extent utilised during the period) and the relevant expenses are disclosed separately in the income and expenditure account. Unutilised grant is disclosed on the liability side of the balance sheet.

Gifts for wishes (In kind Pifts) Gifts donated for wishes are included at their estimated cost. However, the value of time given freely by celebrities in connection with the granting of wishes is not quantifiable and therefore not included in the accounts. The Foundation receives the benefit of work carried out by volunteers, the value of which is not included in these accounts.

5. Outstandinp: Charity Commissioner fees- The trust has not paid contribution to Charity Commissioner since 2009-10, as it has received advice that the same is not required to be paid. As a result, the trust has not made any provision for the year in this respect. The provision made in earlier year amounting to Rs. 5597831- is also outstanding in the accounts for the same reason.

B - Statement of S W ~ c a n t account in^ Policies - 1. Previous years figures are regrouped wherever necessary to make them

comparable.

As per ow report of even date :;

For KHIRE I<HAND KAR

For MAKE-A-WISH FOUNDATION

i a -/ Trustee

Place :- Sangli. Date :- 04/08/2015