Charity Assets
Management and Audit of Charitable Projects
Charities have a responsibility to show that donors funds are being spent as effectively as possible and without waste or misappropriation of funding.
A typical charitable project in Zanzibar sponsored from abroad might involve construction of a local school, or village infrastructure. Often the donors have no on-the-ground oversight mechanism, but are relying on the receiving parties to spend the money correctly.
Unaccounted for spending on construction, salaries, and other expenses are common. Exactly the same problems are experienced by charities of all sizes - from small private groups, to medium and large sized international charity groups, to donor giving by the World Bank and others. Thus we see donors with funds ready for use, but unable to release moneys until they can demonstrate results.
These same problems with accountability, tracking, and audit, result in unverificable distributions, and so cause delays in giving.
We receive and distribute funds in a 100% auditable format. All payments are made direct to the contributor rather than through a village elder - for example construction fees are paid to the construction company or individual construction teams, salaries are directly transmitted to individual teachers and support staff, etc.
All payments are made by our in-office team through bank transfer and mobile transfer and a logon is provided to the foreign charity management team so that they can demonstrate to end donors that all spending has gone where expected.
We have seen wastage of up to 90% of incoming funds in some cases. A properly managed charitable project is a deeply satisfying endeavour for all involved, and a meaningful increase in tangible results is noticed immediately.