Utilization Certificate

1 Name of the partner Deepstambh Foundation

2 Project name Supporting residential training and education for competitive Examination- People with Disabilities
3 Project Id 10466/Bajaj Allianz Life Insurance Company Ltd.
4 Project Period 1st May 2022 to 31st July 2023
5 Reporting Period 1st April 2023 to 31st July 2023

Particulars Total Approved project budget Receipts (in lakhs) Remarks

(in lakhs)
(Receipts) Status of last period Status of current period Cumulative status till date
(1st May 2022 to 31st Mar (1st April 2023 to 31st July 2023) (1st May 2022 to 31st July 2023)
2023)
Opening
0 0 (0.25) 0
Balance
Receipts
100 75 25 100
from Bajaj
Other
program
229 260.93 38.84 299.77
funds (not
from Bajaj)
Interest
0 0.13 0 0.13
earned
Total 329 336.06 63.59 399.90
Expenditure Description of Amount (in Status up to last period (in Status of current period (in Cumulative status till date (in Remarks
Budget Head lakhs) lakhs) lakhs) lakhs)
(Activities) Plan Actual Plan Actual Plan Actual
A B C D E F G H I
(b) Direct
Program Costs
(i) Variable
program costs
Accommodation 13.63 10.97 10.97 2.66 2.66 13.63 13.63

Food Expenses 28.38 23.90 23.90 4.47 4.76 28.38 28.64 Due to increase in
prices of grocery
 and vegetables our
budget is over
utilized than that
of budgeted.

**Misc.
expenses
(reference
books,
technological
equipment’s 3.63 1.75 1.75 1.88 1.88 3.63 3.63
support,
medical
support,
examination
fee)
Conveyance 0.44 0.40 0.40 0.04 0.04 0.44 0.44
(ii) Fixed/semi-
fixed program
costs
Competitive
exam Training 36.04 28.03 28.03 8.01 8.01 36.04 36.04
Cost- Offline
Competitive
exam Training 8.14 1.62 1.62 6.52 6.52 8.14 8.14
Cost- Online

There is reduction
in charges paid to
computer trainer
Computer
4.45 3.46 3.46 0.99 0.85 4.45 4.31 as the trainer was
Training- Offline
not required for
period of one
month.

Computer
0 0.00 0.00 0.00 0.00 0 0
Training- Online
Staff Salary
 Accountant and
0.71 0.71 0.71 0.00 0.00 0.71 0.71
Office Asst.
HI Trainer and
0.42 0.42 0.42 0.00 0.00 0.42 0.42
interpreter
Boys rector and
Academics 1.08 1.08 1.08 0.00 0.00 1.08 1.08
Coordinator
Girls rector &
Academics 0.58 0.58 0.58 0.00 0.00 0.58 0.58
coordinator
Project Co-
0.72 0.72 0.72 0.00 0.00 0.72 0.72
ordinator
Counsellor 0.84 0.84 0.84 0.00 0.00 0.84 0.84
Total direct
programme
costs

(c)
Administration
Overheads
(mention basis
of
apportionment)
Helping Staff
Salary
Peon 0.25 0.25 0.25 0.00 0.00 0.25 0.25
Sweeper 0.28 0.28 0.28 0.00 0.00 0.28 0.28
Stationary 0.15 0.14 0.14 0.01 0.01 0.15 0.15
Electricity 0 0.00 0.00 0.00 0.00 0 0
Communication 0.26 0.24 0.24 0.02 0.02 0.26 0.26
Total (d) Total
Funding 100 75.40 75.40 24.60 24.74 100 100.14
Required
Closing
(0.25) 0.00 0.00
Balance
Summary

Opening Balance as on 01/04/2023 (25,733)

Interest Received during the period 0
3rd & 4th Instalment Received 25,00,000
Total Receipt available 24,74,267
Expenditure incurred during the said
24,74,267
period
Closing balance as on 31/07/2023 0

Other Comments: This is to certify that the Deepstambh Foundation, located in Jalgaon, Maharashtra, has utilized Rs. 100,00,000 (Rupees One Hundred Lakhs) as
sanctioned from Bajaj Allianz Life Insurance Co. Ltd. (BALIC). The funds were allocated for the purpose of ‘Supporting residential training and education for competitive
Examination- People with Disabilities.’

The initiative was carried out in accordance with the Memorandum of Understanding (MoU) signed between Deepstambh Foundation and Bajaj (BALIC), with a duration
from 1st May 2022 to 31st July 2023. The utilization of funds has been diligently accounted for until 30th June 2023, as per the records and information provided to us.

Certified by,
Date- 03/04/2024
Place- Jalgaon
UDIN- 24608039BKELMR5503

For, M/s Jain & Runwal

Chartered Accountants
FRN: 153182W

CA Yash Jain
Partner M.No.- 608039