FISCAL NEEDS OF THE ORPHANAGE
More than a decade back it would not have been possible to think of the all round development Darul Yathama has made in the areas of infrastructure, improvement in education, health and hygiene, nutrition and a lot more. It sounds incredible that without sufficient funds on hand this orphanage started taking-up works on prioritized basis like renovating the then existing boys’ old building, demolition and construction of girls’ new building, construction of G+5 Hasnath Complex by securing the area from its stubborn tenants and leasing out a piece of land to the Focus Primary School on a long lease. Giving quality education to our boys and girls. Is the priority item of our orphanage all these are met purely from the charities and donations of our well wishers and to some extend from the rents of its buildings. Darul Yathama has no corpus fund or trust of any kind as a dependable source of income. Alhamdollilah the donors’ contributions are major component not only in the development works but also in day-to-day running of this orphanage. It has been the only source of income which has sustained Darul Yathama for over 90 years and helped in moving it from strength to strength. The phenomenal development especially during the last 15 years in the above financial background are its testimony. The accounts of Darul Yathama are audited by a renowned chartered accountant regularly every year. This orphanage incurres an expenditure of about Rupees 80 lakhs per year. Approximately 50 percent of the expenditure is met from the rents. Thus the orphanage depends solely on the donors for the rest of the amount.
ASSETS OF DARUL YATHAMA
Apart from the boys’ and girls’ buildings Darul Yathama has two other buildings namely Hasnath Complex and Focus Primary School which form the assets of this orphanage. The Hasnath Complex G+5 floors were built with the help of donations and Darul Yathma funds. While the adjacent area of about 704 square yards belonging to Darul Yathama was given to Focus High School on long lease of 40 years for constructing a building for establishing Focus School, with their own funds. The School started functioning from June 2017.
