Difference between revisions of "Finance and Accounts"

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{{Donate}}
 
{{Donate}}
Noolaham Foundation is a non-profit organization.  While Noolaham Foundation's Executive and many other teams mostly consist of volunteers, there are some staff members who carry out program work.  We also have equipment, hosting, software, and operating expenses.  Currently, Noolaham receives most of the funding as in-kind donations.   
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Noolaham Foundation is a non-profit organization.  While Noolaham Foundation's Board of Directors, Governance Board and many other teams mostly consist of volunteers, we have employed a number of staff members to maintain our Programs and carry out the Projects.  We also have equipment, communication, hosting, software, and other operating expenses.   
  
We also receive funding from  
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To pay these expenses, we receive donations from  
 
* Individuals and
 
* Individuals and
* Charitable Foundations and other instituitions
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* Charitable Foundations and other institutions
  
 
Funds are received as
 
Funds are received as
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* Project funding
 
* Project funding
  
Noolaham Foundation has a transparent acccounting mechanism which by every cent is accounted for and reported to the stakeholders and public through this website.  We always strive to efficiently utilize our funds.  The Steering Board and Finance Team are responsible for raising funds for projects and activities and keeping records to prepare financial statements. Accounting related activities are managed by [[Finance Team]]
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Noolaham Foundation has a transparent accounting mechanism which by every cent is accounted for and reported to the stakeholders and public through this website.  We always strive to efficiently utilize our funds.  The Regulatory Board which also functions as the Resource Mobilization Team is responsible for raising funds for Programs, projects and activities. Accounting related activities such as keeping records to prepare financial statements are managed by our Finance and Administrative Officer.
  
 
==Fundraising==
 
==Fundraising==
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=== Budget ===
 
=== Budget ===
The Foundation currently functions with a monthly budget of Rs. 200,000.00. The expenses include Program Salaries, rent, communication expenses, internet connectivity, equipment maintenance, printing expenses, stationary etc. This monthly budget covers ongoing expenses of the programs.
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The Foundation currently functions with a monthly budget of Rs. 700,000.00. The expenses include Program Salaries, rent, communication expenses, internet connectivity, equipment maintenance, printing expenses, stationary etc. This monthly budget covers ongoing expenses of the programs.
  
 
== Accounts==
 
== Accounts==
Most of the monetary donations towards the Foundation are received through the bank account (See [[Donate]] page for account details). A petty cash amount (currently Rs. 20,000.00 to Rs. 25,000.00 is maintained by the Chief Operating Officer for small or non regular expenses.
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Most of the monetary donations towards the Foundation are received through the bank account (See [[Contribute]] page for account details).  
  
Summary of Accounts are updated in a regular basis (monthly or at least quarterly) at the Foundation website. Financial Statements were prepared after each year end (December 31st) and are included in the Annual Report.
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Summary of Accounts are updated in a regular basis (monthly or at least quarterly) at the Foundation website. Financial Statements were prepared after each year end (December 31st) and are included in the Annual Report. Since 2011, the Financial Statements are audited as well.
 
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* [https://noolahamfoundation.org/documents/finance/Noolaham%20Foundation%20-%20Audited%20Financial%20Statements%20-%2031-12-2022.pdf Finance and Audit Report 2022]
* [http://noolahamfoundation.org/documents/Donations%202005.01.15%20-%202014.03.06.pdf Donations 2005.01.15 - 2014.03.06]
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* [https://noolahamfoundation.org/documents/finance/Noolaham%20Foundation%20-%20Audited%20Financial%20Statements%20-%2031-12-2021.pdf Finance and Audit Report 2021]
* [http://noolahamfoundation.org/documents/Financial%20Statements%202012.pdf Financial Statements 2012]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202020.pdf Finance and Audit Report 2020]
* [http://noolahamfoundation.org/documents/Financial%20Statements%202011.pdf Financial Statements 2011]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202019.pdf Finance and Audit Report 2019]
* [http://noolahamfoundation.org/documents/accounts2010.pdf Financial Statements 2010]
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* [https://noolahamfoundation.org/documents/finance/Financial%20Statements%202018.pdf Finance and Audit Report 2018]
* [http://noolahamfoundation.org/documents/accounts2009.pdf Financial Statements 2009]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202017.pdf Finance and Audit Report 2017]
* [http://noolahamfoundation.org/documents/accounts2005-2008.pdf Financial Statements 2005 - 2008]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202016.pdf Finance and Audit Report 2016]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202015.pdf Finance and Audit Report 2015]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202014.pdf Finance and Audit Report 2014]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202013.pdf Finance and Audit Report 2013]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202012.pdf Finance and Audit Report 2012]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202011.pdf Finance and Audit Report 2011]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202010.pdf Finance Statement 2010]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202009.pdf Finance Statement 2009]
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* [http://noolahamfoundation.org/documents/finance/Financial%20Statements%202008.pdf Finance Statement 2008]
  
  
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The above linked accounts (except the 2011 summary) are extracts from our past Annual reports. Please read/download our past '''[[Annual Report]]s''' for in depth information related to the donations, expenses and financial statements.
 
The above linked accounts (except the 2011 summary) are extracts from our past Annual reports. Please read/download our past '''[[Annual Report]]s''' for in depth information related to the donations, expenses and financial statements.
  
[[Category:Finance]]
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[[Category:All Pages]]

Latest revision as of 05:00, 30 November 2023

Donate

Account Name: Noolaham Foundation
Account Number: 1100063121
Commercial Bank (Thirunelvely Branch),
No 104, Palaly Road Thirunelvely,
Jaffna,
Sri Lanka

Other
In kind donations and other contributions needed
Donation Details

Benefactors

Noolaham Foundation is a non-profit organization. While Noolaham Foundation's Board of Directors, Governance Board and many other teams mostly consist of volunteers, we have employed a number of staff members to maintain our Programs and carry out the Projects. We also have equipment, communication, hosting, software, and other operating expenses.

To pay these expenses, we receive donations from

  • Individuals and
  • Charitable Foundations and other institutions

Funds are received as

  • General funding or
  • Project funding

Noolaham Foundation has a transparent accounting mechanism which by every cent is accounted for and reported to the stakeholders and public through this website. We always strive to efficiently utilize our funds. The Regulatory Board which also functions as the Resource Mobilization Team is responsible for raising funds for Programs, projects and activities. Accounting related activities such as keeping records to prepare financial statements are managed by our Finance and Administrative Officer.

Fundraising

Various individuals and institutions contribute monetary donations towards Noolaham Foundation's activities. Organizations such as literary associations, and temples have donated towards the Foundation's projects. Many individuals have donated in memory of their loved ones as well. We are introducing a Noolaham Sponsorship program, where we encourage individuals and organizations to contribute in an on-going basis.

We also receive funding from larger institutions for specific projects or for the Foundation's ongoing programs. Please see Benefactors page for the list of some of the contributors.

Budget

The Foundation currently functions with a monthly budget of Rs. 700,000.00. The expenses include Program Salaries, rent, communication expenses, internet connectivity, equipment maintenance, printing expenses, stationary etc. This monthly budget covers ongoing expenses of the programs.

Accounts

Most of the monetary donations towards the Foundation are received through the bank account (See Contribute page for account details).

Summary of Accounts are updated in a regular basis (monthly or at least quarterly) at the Foundation website. Financial Statements were prepared after each year end (December 31st) and are included in the Annual Report. Since 2011, the Financial Statements are audited as well.


Annual Reports

The above linked accounts (except the 2011 summary) are extracts from our past Annual reports. Please read/download our past Annual Reports for in depth information related to the donations, expenses and financial statements.