Notes to the Accounts for the year ended 30.06.2008
17.07.08		2007-2008	2006-2007
		Rs.	Rs.
6	GENERAL FUND
30101001	As per last Balance Sheet	1,343,864	1,334,165
	Add:Transfer of Golden Jubilee Fund		33,368
	Less: Prior year Adjustment to Jauher Complex Office		(30,000)
		1,343,864	1,337,533
	Surplus/(deficit) for the year	1,899,929	6,331
		3,243,793	1,343,864
7	PROPERTIES FUND
a.	Madressa Habibia Building
30201001	As per last Balance Sheet	137,126	137,126
b.	Jauher Complex Branch Office
30202001	As per last Balance Sheet	180,000	150,000
	Adjustment of Jauher Complex Office		30,000
		180,000	180,000
		317,126	317,126
8	HEALTH FUND
	As per last Balance Sheet	5,027	411,568
	Add:Donation receieved during the year		-
	Transferred from Rahat Fund	2,000,000	2,200,000
		2,005,027	2,611,568
30302001	Less: Medical aid payments	1,973,937	2,606,541
		31,090	5,027
9	RAHAT FUND
a.	As per last Balance Sheet	3,048,101	3,682,601
	Add:  Received during the year
30401005	Zakat	12,122,110	8,687,965
30401003	Fitra	488,610	428,695
30401004	Conditional Marriage Help	985,000	510,000
		13,595,720	9,626,660
		16,643,821	13,309,261
	Less: Payments made during the year
30402001	Monthly allowance to poor and widows	3,948,100	3,087,300
30402002	Temporary Help	237,200	148,000
30402002	Emergency Relief	74,100	100,560
30402003	Marriage help	4,132,500	2,500,000
30402004	Conditional marriage help	985,000	510,000
		5,117,500	3,010,000
30402005	Ramzan ration help	904,600	1,073,800
30402006	Business help		379,000
30402008	Educational help to daughters of Dhoraji	154,800	262,500
	Transfer to Health Fund	2,000,000	2,200,000
		12,436,300	10,261,160
		4,207,521	3,048,101
10	EDUCATION FUND
a.	As per last Balance Sheet	1,763,885	1,760,940
	Add:  Received during the year
30501003,7,8	Net Sale proceeds of Qurbani skins	2,895,762	2,160,581
30501002	Donation	13,000	5,000
30501004	Zakat as Donation For Education	75,000
30501011	INVESTMENT INCOME	87,347
30501009	Transfer from HVMF(Shartia Fund)	50,000	50,000
30501005	Other Receipts		22,500
30501006	sale of Education Forms	960	4,050
		3,122,069	2,242,131
		4,885,954	4,003,071
	Less:  Payments made during the year
30502001-3	- Scholarship Payments	2,246,720	2,121,290
30502006	- Qurbani Khal collection Expenses	97,355	116,696
30502010	- Education Zakat from Donation	75,000
30502011	- Withholding Tax on COII- E.F.	8,469
30502004-5	- Printing, Stationary & Misc. Expenses	4,467	1,200
		2,432,011	2,239,186
		2,453,943	1,763,885
11	GRAVEYARD FUND
a.	Graveyard General Fund
	As per last Balance Sheet	140,256	141,538
	Add: Received during the year
30601002	Donation	7,700	24,000
30601003-4	Receipts from Graveyard	142,300	173,110
	Donation for Trees	18,350
		168,350	197,110
		308,606	338,648
	Less:  Payments made during the year
30604001-2	Cost of Graves built	181,900	163,190
	Miscellaneous Expenses		8,202
	Mewashah lighting & cleaning	26,000	27,000
	Tree Plantation	14,600
		222,500	198,392
		86,106	140,256
b.	GRAVEYARD LAND FUND
	As per last Balance Sheet	100,000	100,000
	Add: Received during the year		-
		100,000	100,000
		186,106	240,256
12	SHARTIA FUND
a.	Late Haji Sattar Teli Seth & Late Haji Vali
	Muhammad Seth Memorial Fund
	As per last Balance Sheet	967,158	927,304
	Add:  Received during the year
30701002	Share Dividend	4,088	3,134
30701005	Rent Income New Dhoraji shop No.4	60,000	60,000
	Profit from Investment	2,484
		66,572	63,134
		1,033,730	990,438
	Less:  Payments made during the year
30711001	Madrassa-e Habibia Expenses		-
30711006	Rent Expenses - New Dhoraji Shop No.4	5,556	5,556
30711003	CDC Service Charges	2,063	6,873
30711004	Transfer to Donation Account	10,000	10,000
3071105	Depreciation Expenses	1,914	851
		19,533	23,280
		1,014,197	967,158
b.	Late Haji Wali Muhammad Memorial Fund.
	As per last Balance Sheet	770,910	798,704
	Add:  Received during the year
30702002	Rent Flat No.24 Haji Sattar House	4,200	4,200
30702003	Rent income from Flat No. 4 Kunda House	33,600	33,600
30702005	Other Income		15,606
30702006	Profit from Investment	1,917
		39,717	53,406
		810,627	852,110
	Less:  Payments made during the year
30712001	Madrassa-e Habibia Expenses	31,200	31,200
30712002	Tansfer to Education Fund	50,000	50,000
		81,200	81,200
		729,427	770,910
c.	Late A. Ghani Chuttani Memorial (Property Fund)
	As per last Balance Sheet	769,436	769,436
	Profit from Investment	1,330
		770,766	769,436
d.	Late Aisha Bai Makda Memorial Fund(Property Fund)
30705001	As per last Balance Sheet	4,303,947	4,303,947
	Profit from Investment	104,405
	Less: Withholding Tax	2,831
		4,405,521	4,303,947
		6,919,911	6,811,451
13	AMANAT ACCOUNT
a.	Mst. Farida Ismail Naviwala
20101001	As per last Balance Sheet	75,000	60,000
	Add: Accrued profit on SSC	-	15,000
	paid during the year	75,000
		-	75,000
b.	Ashraf A. Latif Noorani
20103001	As per last Balance Sheet	51,810	51,810
c.	Mst Atia Tabassum Dawood
20105	As per last Balance Sheet	200,000	200,000
		251,810	326,810
14	OTHER LIABILITIES.
20201	Mehar, Iddat & Other	130,500	349,400
20202001	Security deposit NDC Shop No.4	20,000	20,000
20203001	Audit Fee payable	15,000	15,000
	Marriage Aid payable	75,000	50,000
20206001	Advance Rent	2,100	5,250
20207001	Jamal Noor Hospital payable	430,088	14,000
20208001	Zubaida Medical Center payable	-	67,023
20211001	Halari Memon Jamat payable	11,260	25,717
20209001	Accrued Expenses	3,862	3,540
20212	Family Maintenance & Other	251,800
		939,610	549,930
16	Advances, Deposits & Receivables
10302001	Telephone Deposits	14,194	14,194
10302002	Bank Locker deposits	37,500	37,500
10303003	Accrued Profit on Investment	194,647	15,000
10303001	Rent Receivable	4,550	1,050
10303004	Qurbani Shares Receivable	3,100
10307002	Staff Loan Receivable	3,500	3,100
10303013	Receivable against Graveyards	13,285	17,883
10303014	Receivable against Graves	9,900	16,500
10306	Conditional Marriage Fund Receivable	315,000	160,000
10303009	Volunteer Award Function Advertisment	25,000	2,500
10303010	Qirat & Naat Function Advertisment		15,000
10302003	Security Deposit-Rangoonwala Hall		6,000
10303012	Late Dr. Adam Abdul Latif.	34,952	29,431
		655,628	318,158
17	CASH AND BANK BALANCE
10304001	Cash in Hand	1,500	20,200
10304002	Pettty cash	373	1,016
		1,873	21,216
	Cash at Banks:
10305001	HBL - Dhoraji Colony	35,504	6,366,676
10305002	Bank Al-Habib - Bahadurabad	24	24
10305008	Bank Al-Habib -Dhoraji Colony	9,638	44,178
10305003	Habib Metropolitan Bank - Main Branch	83	3,250,346
10305005	Habib Metropolitan Bank - Cloth Market		50
10305007	Habib Metropolitan Bank - Dhoraji Colony	4,533,957	2,998,754
10305009	Meezan Bank - Dhoraji Colony	538,013	31,000
10305010	Dubai Islamic Bank	5,000
		5,122,219	12,691,028
		5,124,092	12,712,244
18	INVESTMENT - GENERAL FUND	3,000,000
	INVESTMENT - EDUCATION FUND	2,400,000
	INVESTMENT - SHARTIA FUND
a.	Late Haji Sattar Teli Seth & Late Haji
	Vali Muhammad Seth Memorial Fund.
	i) Shares of listed companies
	As per last Balance Sheet	322,716	252,296
	Add:  Right shares Subscribed		70,420
	ii) Islamic Mode Of Investment
	Add:  certificate of Islamic Investment	545,000
		867,716	322,716
b.	Late Haji Wali Muhammad Memorial Fund.	485,000
c.	Late A. Ghani Chuttani Memorial (Property Fund)	770,000
d.	Late Aisha Bai Makda Memorial Fund(Property Fund)	4,300,000
	Total Investment	11,822,716
19	INVESTMENT AMANAT ACCOUNT
	Mst Farida Ismail Naviwala
10402001101	As per last Balance Sheet		60,000