Financial Resources
We need to manage financial resources in an efficient, transparent and accountable manner by ensuring:
- that fundraising strategies and funding sources are consistent with and supportive of our mission
- there is systemic preparation of budgets linked to strategic, operational and programme plans
- that budgeting supports the human resources and organisational capacity necessary to achieve our mission
- there are internal control systems that enable production of regular, consistent and reliable financial information, which complies with legal requirements
- there are internal accounting systems that provide regular financial reports, in a consistent and accessible format
- that financial reports can be utilised to track resources, monitor programme spending against budget allocation and assess the cost-effectiveness of programmes
- there is an efficient grant programming system and provision of finance and administrative technical support, where funding is provided to partner NGOs there is regular financial reporting to management, the governing board, donors and communities/constituencies, and annual financial auditing of accounts, and
- there is transparent annual reporting, including statutory reports where required.