1.2 Legal status of the organization
· Voluntary Social Welfare Organization (Registration and Control), Ordinance 1961 Sec – 46. Registration No. - Kishore 0056, dated 15/11/1986.
· Registered under Micro Credit Regulatory Authority Act 2006 [Sec – 16, sub section – 3] Registration # 02150-01563-01159 Dated: 16 March, 2008
· Registered by the NGO Affairs Bureau. Reg. No. 507, dated 30/07/1991 and renewed 25.07.2011 which is effective from 30.07.2011 under Foreign Donation (Voluntary Activities) Regulation Ordinance (Ordinance 46, 1978).
1.3 Project Objectivities
· Children rights promoted in the project area
· Universal primary education established in the project area
· Children have access to Early Childhood Development (ECD) Programme
· Children have access to primary education organized by POPI
· Children have access to primary education organized by POPI
· Children have access to Community and Registered Primary schools
· Orphan children have access to education
2.1 Significant of Accounting Policies
These financial statements have been prepared in accordance with International Accounting Standards as adopted by the Institute of Chartered Accountant of Bangladesh, using the accrual basis and historical cost convention.
2.2 Basis of Accounting
· The books of accounts have been maintained by the project on cash basis except audit fee and these accounts have been prepared accordingly.
· The grant is not shown as income unless it is expended. The grant income is accounted for the accounts on matching concept.
· Depreciation has been charged on fixed assets under diminishing balance method.
2.3 Currencies
· Voluntary Social Welfare Organization (Registration and Control), Ordinance 1961 Sec – 46. Registration No. - Kishore 0056, dated 15/11/1986.
· Registered under Micro Credit Regulatory Authority Act 2006 [Sec – 16, sub section – 3] Registration # 02150-01563-01159 Dated: 16 March, 2008
· Registered by the NGO Affairs Bureau. Reg. No. 507, dated 30/07/1991 and renewed 25.07.2011 which is effective from 30.07.2011 under Foreign Donation (Voluntary Activities) Regulation Ordinance (Ordinance 46, 1978).
1.3 Project Objectivities
· Children rights promoted in the project area
· Universal primary education established in the project area
· Children have access to Early Childhood Development (ECD) Programme
· Children have access to primary education organized by POPI
· Children have access to primary education organized by POPI
· Children have access to Community and Registered Primary schools
· Orphan children have access to education
2.1 Significant of Accounting Policies
These financial statements have been prepared in accordance with International Accounting Standards as adopted by the Institute of Chartered Accountant of Bangladesh, using the accrual basis and historical cost convention.
2.2 Basis of Accounting
· The books of accounts have been maintained by the project on cash basis except audit fee and these accounts have been prepared accordingly.
· The grant is not shown as income unless it is expended. The grant income is accounted for the accounts on matching concept.
· Depreciation has been charged on fixed assets under diminishing balance method.
2.3 Currencies