To the people we serve, our donors, staff and members: we are transparent.
Are donations spent in the development countries efficiently and according to the project targets? Are budgets followed closely? Is the reporting precise and transparent? Which measures are necessary to evaluate projects?
The country offices, our headquarters as well as our CEO personally constantly deal with these and many other financial questions. Proper accounting is often a task which our partner organisations find overwhelming. Therefore, Vision Hope takes on responsibility for all accounting on a project level or country office level according to the strict guidelines of the donors. The local partner organisations receive advance payments and are required to account for them before they receive additional funds.
Evaluation and Reflection
Our financial reports are audited on the basis of the project budgets agreed on at the start of the project and the implemented project activities. All receipts and accounting are checked by the country office, the CEO and the treasurer of the board.
Internal and External Auditing
According to our bylaws, our accounting has to be checked by two competent internal auditors appointed by the board. In addition to this internal audit, the accounting is also checked by an independent external auditing company.