Audit Account 2024
Audited financial statements for the year ended 30 June 2024, reported on by R.M. Tahir & Co., Chartered Accountants.
01Auditor’s opinion
The financial statements of the Society for the year ended 30 June 2024 were audited by R.M. Tahir & Co., Chartered Accountants, Lahore, in accordance with the approved auditing standards as applicable in Pakistan.
In the auditor’s opinion the financial statements present fairly, in all material respects, the financial position of the Under Privileged Educational Welfare Society as at 30 June 2024 and its financial performance for the year then ended, in accordance with the Guideline for Accounting and Financial Reporting by Non Government Organizations issued by the Institute of Chartered Accountants of Pakistan (ICAP).
The report is signed at Lahore on 28 October 2024.
02Receipt and payment statement
For the year ended 30 June 2024 (01 July 2023 to 30 June 2024).
Receipts
| Particulars | Rupees |
|---|---|
| Opening Balance — Cash & Bank Balances | — |
| Community Donations | 171,105 |
| Total Receipts | 171,105 |
Payments
| Particulars | Rupees |
|---|---|
| Cash for Pak Vision College | 135,000 |
| Cash for PCC Category A Fee | 10,000 |
| Paid for Website development | 19,000 |
| Total Payments | 164,000 |
| Closing Balance — Cash & Bank Balances | 7,105 |
03The full signed report
The complete report, including the auditor’s report, the Statement of Financial Position, the Statement of Income and Expenditure, the Receipts and Payments Statement and the accompanying notes.
The summary above reproduces the Receipt and Payment Statement from the audited accounts. The complete signed report is available in full on this page.