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FINANCIAL TRANSPARENCY
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Financial transparency is a key principle for Krousar Thmey. Everybody has the right to know how funds raised are used.
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Thanks to strict financial management and the involvement of European volunteers, all administrative costs remain under 4% of the total budget.
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Cambodian accounts are all certified by auditors PwC (the annual report in English is available here).
Audited financial statements are available here:
audited financial statement 2015 – audited financial statement 2014 – audited financial statement 2013
Our French and Swiss organisations’ accounts are also audited annually.
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ORIGINS OF THE FUNDS
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In support of its local activity in Cambodia, Krousar Thmey benefits from the involvement of volunteers in international branches: Krousar Thmey France, Krousar Thmey Switzerland, Ny Familj Kambodja (Sweden), Krousar Thmey Singapore and Krousar Thmey Kingdom -United. As their main activity is fundraising, these branches are a privileged relay to donors outside Cambodia. This allows Krousar Thmey to receive institutional funding and support from individual donors.
Donations accounted for in Cambodia come mainly from non-governmental organizations and to a lesser extent from private donations and the Cambodian authorities.
In recent years, the financial or in-kind donations of the Cambodian authorities have increased steadily, accounting for nearly 8% of Krousar Thmey’s resources. All staff of schools for deaf or blind children are officials of the Ministry of Education, Youth and Sports who pay their salary (excluding complements paid by Krousar Thmey). For the time being, this contribution is not included in the expenditure and income statement.
In order to ensure accountability and awareness of the importance of education, Krousar Thmey, as far as possible, asks for a contribution from parents to cover their children’s school fees (transport and food). This contribution, up from 2013, reached almost 3% of the total budget for the education program at the end of 2014.
Funds from international network in 2016
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Origins of the funds collected in 2016
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USE OF FINANCIAL RESOURCES
The total 2016 expenditures before amortization and family festival (an event funded entirely through local resources) shows a significant increase.
Use of financial resources in 2016
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Krousar Thmey won the label Ideas in 2010.
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