Tuesday, June 26, 2018

Why Annual Reports are important for NGO?

Credibility, trustworthiness, and transparency are some of the terms commonly heard while discussing about any organisation, be it a for-profit organisation or a not-for profit organisation. And, as an organisation grows and expands its business or service, these three factors become even more significant. Brands and businesses from across all sectors strives to maintain their credibility and trustworthiness by being transparent to its stakeholders in one way or the other, and publishing Annual Report is one of the many ways.

Annual Reports are comprehensive publications covering highlights, developments and audited financial statements of an organisation. Remaining specific to not-for-profit organisations, Annual Reports are a mandatory document that the organisation has to publish and make available to all its stakeholders. NGO Annual Reports instil a sense of confidence among all its stakeholders regarding the organisation’s operations, growth, and fund utilisation. Heeding to this, many NGOs like The Akshaya Patra Foundation diligently publishes this report annually.

NGO Annual Report

Akshaya Patra is a mid-day meal NGO and is also considered as a top NGO in India. It has been implementing the Mid-Day Meal Scheme since 2000 and currently provides nutritious meals to more than 1.7 million government school children on each school day. The Foundation is headquartered in Bengaluru and has operational units across 36 locations of 12 states in India. The Foundation was selected to partner as a mid-day meal NGO after it fulfilled all the criteria stated in the NP-NSPE 2004 guidelines. One of the criteria in the guideline is “the chosen NGO will furnish to the body assigning the work to it an Annual Report along with an audited statement of accounts in terms of all grants received from the State Government, both in cash and kind, duly certified by an approved Chartered Accountant”, and the NGO is adhering to it since the beginning.

For NGOs, transparency is a key factor in building trust and reliability. Hence, Akshaya Patra ensures that it maintains transparency regarding all its activities as a mid-day meal NGO. The Foundation publishes its Annual Reports at the end of each financial year. It reports all the developments, achievements, and audited financial statements of the completed financial year, along with plans for the upcoming year. This report has received appreciation and recognition in national and global platforms amidst NGO Annual Report category as well as general categories for accuracy in reporting and creative representation of the report.

A non-profit organisation can be considered to be performing NGO role in India in totality only when it makes available details about its operations and services to its stakeholders and complies to standard financial procedures to release its financial statements. In this regard, Akshaya Patra has been keeping up with the prerequisites of a reliable NGO. This top NGO in India complies with the Indian Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI). The Foundation also complies with the International Financial Reporting Standards (IFRS) after adopting this format of reporting in 2008-09. Akshaya Patra has been recognised and appreciated with the:

ICAI Gold Shield Award for “Excellence in Financial Reporting” for five consecutive years since 2008-09 inducting Akshaya Patra into Hall of Fame. In addition, to the consecutive wins, the Foundation has also has bagged the award for the latter years
South Asian Federation of Accountants (SAFA) Best Presented Accounts Award for four consecutive years: 2008-09 (Certificate of Merit), 2009-10 (2nd runner-up), 2010-11(Gold Award), 2011-12 (Silver Award) and 2012-13 (Gold Award)
Australasian Reporting Award 2017
24th Annual Communicator Award for Excellence 2018

These accolades for the NGO Annual Reports have increased the credibility of the organisation and has instilled a sense confidence and trustworthiness among all its stakeholders. In conclusion, Annual Reports form a very significant document for an NGO. These reports are a proof that while working towards their respective causes NGOs are accountable and responsible for optimum utilisation of the contributions - monetary and non-monetary, made by their stakeholders.

Friday, June 22, 2018

Importance of childhood nutrition

‘Nutrition’ has been a never-ending topic of discussion among mothers, paediatricians, and dieticians, and of lately, has seeped into the conversations of the health-conscious generation too. It may appear overrated or it may sound cliched, but the fact is nutrition indeed is a vital aspect of a healthy life and deserves conscious and considerable attention; especially during the growth years of children.

Importance of nutrition during formative years

Childhood is the most eventful of all developmental stages - be it physical, cognitive, social, emotional, or language and communication – children are the most active learners during this phase. However, children must be provided with adequate nourishment for them to achieve various developmental milestones age-appropriately. A balanced nutritious diet comprising of the right amount of essential nutrients such as carbohydrates, proteins, and fats, vitamins and minerals become vital for proper growth and development of children. Heeding to this NGOs like The Akshaya Patra Foundation have taken up food and nutrition as their core cause. Akshaya Patra is an NGO that implements the Mid-Day Meal Scheme and has been providing nutritious meals to children of government schools and government-aided schools since 2000.

Healthy Children

Benefits of good nutrition

There are several advantages of good nutrition for children. Here is a handful of them:

Proper nutrition supports age-appropriate growth and development in children;
It improves the immunity level in children thereby keeping infections and diseases at bay;
It enhances cognitive functioning, level of activeness, social connections and interest to learn and explore different activities;
Better-nourished children are more active at school and perform well in their academics and other school activities.
Under-nourishment leads to low immunity, a decrease in activity levels, social interactions, urge to learn, and cognitive functioning, and poor academic performance. It also has an adverse effect on the child’s physical and emotional development.

Role of mid-day meal in nourishing children

The Mid-Day Meal Scheme is a government initiative to provide healthy and nutritious meals to children of government schools and government-aided schools. The children of these schools hail from not-so-privileged socio-economic backgrounds and for them, the mid-day meal becomes the only source of nutrition, and many times it is the only proper meal they get for the entire day. The Mid-Day Meal Scheme is aimed to counter classroom hunger, address malnutrition, increase school enrolment, increase school attendance, and improve socialisation among children belonging to different castes. Favourably, several studies report a positive impact of the mid-day meal on all the mentioned aspects. So, that the mid-day meal and its nutritious value benefit more children, Akshaya Patra is strategically and sustainably expanded its reach across the country.

Gift a nourished childhood

A well-nourished child grows up to be a healthy and confident adult, something that is important not only at a personal level but also at a societal level. Imagine there are 100 children in your neighbourhood and 80 of them are under-nourished. Do you think they will be interested in anything else apart from getting some food? Do you think they will grow up to be resourceful? Unfortunately, not. Hence, it is the responsibility of the ‘haves’ to take care of the ‘have-nots’ so that the latter is empowered enough to become self-dependent and resourceful. By supporting Akshaya Patra you can ensure healthy and wholesome food for millions of children. Choose to offer a donation for children because every child deserves the right to nutritious food and the right to attend school.