The amount due to be spent on Reality Gives activities for the year was Rs 7,003,719 (22.1% of turnover) and we spent Rs 4,108,935. The rolled over underspend on Reality Gives activities at the end of the year was Rs 13,18,172.

Depreciation of Rs 114,392 relating to previous years’ expenditure on the Community Centre and Kindergarten expenses was debited as an expense on the profit and loss account.

Krishna Pujari (Director) received a salary of Rs 805,920 and Chris Way did not receive a salary, even though he worked for Reality Tours while abroad and received no additional income.

Total apportioned salaries to Reality Gives was Rs 1,937,935.

Rs 2,150,000 was given to Reality Gives in the form of donations from Reality Tours, and Rs 21,000 was given to other NGOs.

Reality Gives owed Reality Tours Consulting (the UK branch of Reality Tours and Travel) GBP 1,398 by 31 March 2016.

Rs 632,510 was spent on the Community Centre. This figure was capitalized on the Balance Sheet.

Depreciation of Rs 114,392 relating to the Community Centre and previous years expenditure on Kindergarten expenses was debited as an expense on the profit and loss account.

Krishna Pujari received a salary of Rs 642,400 and Chris Way received a salary of Rs 138,720 for the year. Chris Way left India in May 2014. Assuming a salary of Rs 58,400 each per month, the excess salary paid was zero since Chris Way continued to work for Reality Tours while abroad and received no additional income.

Total apportioned salaries to Reality Gives was Rs 2,195,170.

Rs 3,180,000 was given to Reality Gives in the form of donations from Reality Tours, and Rs 333,501 was given to other NGOs.

Rs 702,519 was spent on the Community Centre. This figure was capitalized on the Balance Sheet.

Depreciation of Rs 297,693 relating to the Community Centre and previous years expenditure on Kindergarten expenses was debited as an expense on the profit and loss account.

Krishna Pujari received a salary of Rs 254,000 and Chris Way received a salary of Rs 1,343,520 for the year. The reason why Chris Way’s salary was so high was to comply with visa regulations. Assuming a salary of Rs 50,800 each per month, the excess salary paid was Rs 479,920. Adina Goerke’s salary (Marketing Director) of Rs 3,11,300 was paid by Chris Way and there was an excess salary of Rs 9,000 for another member of staff

Total apportioned salaries to Reality Gives was Rs 1,046,280 (Chris Way Rs 406,400 and Krishna Pujari Rs 182,880).

Rs 1,950,000 was given to Reality Gives in the form of donations from Reality Tours.

Rs 744,888 was spent on the Community Centre.

Depreciation of Rs 345,793 relating to previous years expenditure on Kindergarten expenses was debited as an expense on the profit and loss account.

Krishna Pujari received a salary of Rs 490,176 and Chris Way received a salary of Rs 1,209,600 for the year. The reason why Chris Way’s salary was so high was to comply with visa regulations. Assuming a salary of Rs 40,800 each per month, the excess salary paid was Rs 720,576.

Total apportioned salaries to Reality Gives was Rs 485,952 (Chris Way and Krishna Pujari Rs 146,880 each. Evelyn D’Souza- Secretary Rs 46,440. Asim Shaikh- Community Centre Manager Rs 145,752)

Total salaries related to Reality Tours and Travel but paid by Reality Gives UK was Rs 293,625 for Adina Goerke (Fundraising and Marketing Director for Reality Gives and Marketing Director for Reality Tours and Travel)

Rs 775,000 was given to Reality Gives in the form of sponsorship from Reality Tours.

Rs 410,810 of the total turnover related to sales of merchandise

Rs 746,744 was spent on the Community Centre.

The company also spent Rs 871,141 on the new kindergarten. This figure was capitalized on the Balance Sheet. Depreciation of Rs 260,909 relating to this was debited as an expense on the profit and loss account.

Krishna Pujari received a salary of Rs 367,205 and Chris Way received a salary of Rs 1,202,650 for the year. The reason why Chris Way’s salary was so high was to comply with visa regulations. Assuming a salary of Rs 30,000 each per month, the excess salary paid was Rs 830,655.

Total apportioned salaries to Reality Gives was Rs 375,115 (Chris Way and Krishna Pujari Rs 110,880 each. Evelyn D’Souza- Secretary Rs 37,080. Asim Shaikh- Community Centre Manager Rs 116,275)

Total salaries related to Reality Tours and Travel but paid by Reality Gives UK was Rs 157,500 for Adina Goerke (Fundraising and Marketing Director for Reality Gives and Marketing Director for Reality Tours and Travel)

Rs 378,000 was transferred to Reality Gives as a donation and Rs 178,995 of other Reality Gives’ expenses was paid by Reality Tours.

Rs 632,715 of the total turnover related to sales of merchandise

Rs 786,209 was spent on the Community Centre.

The company also spent Rs 1,418,691 on the new kindergarten. This figure was capitalized on the Balance Sheet. Depreciation of Rs 187,511 relating to this was debited as an expense on the profit and loss account.

Krishna Pujari received a salary of Rs 120,000 and Chris Way received a salary of Rs 480,000 for the year. The reason why Chris Way’s salary was so high was to comply with visa regulations. Assuming a salary of Rs 20,000 each per month, the excess salary paid was Rs 240,000.

Total apportioned salaries to Reality Gives was Rs 171,000 (Chris Way and Krishna Pujari Rs 72,000 each. Evelyn D’Souza- Secretary Rs 27,000)

Rs 240,600 of the total turnover related to sales of merchandise

Rs 423,135 was spent on the Community Centre.

The company also spent Rs 725,204 on the new kindergarten. This figure was capitalized on the Balance Sheet. Depreciation of Rs 80,687 relating to this was debited as an expense on the profit and loss account.

Krishna Pujari received a salary of Rs 120,000 and Chris Way received a salary of Rs 480,000 for the year. The reason why Chris Way’s salary was so high was to comply with visa regulations. Assuming a salary of Rs 10,000 each per month, the excess salary paid was Rs 120,000.

Total apportioned salaries to Reality Gives was Rs 72,000 (Chris Way and Krishna Pujari Rs 36,000 each)

No dividend was paid to the directors and salaries of directors Krishna Pujari and Chris Way were Rs 150,000 each per year.

Krishna Pujari received a salary of Rs 100,000 for the year and Chris Way has not received any salary during this period. Neither have accrued any further amounts

The company paid no dividend throughout the year and the salaries paid to the directors were reasonable.

Krishna Pujari received a salary of Rs 89,750 for the year and Chris Way has not received any salary during this period. Neither have accrued any further amounts

The company paid no dividend throughout the year and the salaries paid to the directors were reasonable.

Reasons for loss:

• Promoting the tours was difficult, as in the period ending 31 March 2006. We did receive a lot publicity in the national and international press which helped a lot, although we were still not in any guide books.
• Depreciation was a major expense again (Rs 155,475) and we didn’t use the second car enough to justify this expense.
• We still kept the prices very competitive, probably too low, for reasons explained before.

Neither of the owners Krishna Pujari or Chris Way have received nor have accrued any salary during this period.

Reasons for loss:

• We had no idea of what the customer demand would be like. We thought that it would be prudent to purchase two vehicles, which in hindsight was a mistake. The main expense was the car depreciation, which was just over Rs 45,000.
• The sales of Rs 25,343 was a lot less than we had expected. We had problems promoting the tours- tourists were skeptical and in some cases a little hostile to receiving flyers, and hotels were not interested- a lot of them run their own sightseeing tours.
• The company was set up in September 2005, but we had a lot of problems in obtaining a tourist permit for the two cars- we obtained these in January 2006. Yet we still incurred some costs during this period, such as office rent and some staff salaries.
• We had initial start up costs such as printing flyers and brochures, and staff training.
• We ran the tours and charged the same amount per person if there was one person or five people. We also didn′t want the price to be a hindrance- both backpackers and 5 star holidaymakers are charged the same. Financially this might be a mistake but we want as many people as possible to come on the tour.
• The loss has been mitigated by the fact that neither of the owners Krishna Pujari or Chris Way received or accrued a salary during the period.