IN GOD WE TRUST Since this is a Pioneer Project we want to show our donors and other institutes who contribute to gear up the projects that we are doing genuine work to uplift our Christian community and thereby to achieve our mission.
Donors are miles and miles away unable to verify physically the activities carried out by us towards our Christian community.Yet they contribute to our projects based solely on TRUST.
As such we on our part want to convince them through accepted norms in reporting of our work undertaken through a complete set of financial statements.Our objective is to show to our donors and other institutes how contributions, grants or subsidies received is utilized accounted for and presented in universaly accepted financial statements. Our objective is to build trust and goodwill with them.
From donors point of view they can be satisfied that they have contributed to a worthy course in the name of Christ to uplift and enhance their own Christian community.
Once Projects are commenced with the assistance of donors and supporting institutions,Progress Reports and Financial Statements will be submitted to them for the relevant period. Further draft statements will also be submitted for the following year showing the activities to be undertaken and request for assistance.
Financial Reports for Assessment of Activities
Financial Accounting reports that will be submitted to each donor and other supporting institutes for operating period are as follows.
1. Internal Controls by way of Planning,Resource allocation and Budgeting
through
1.1 Statement of Budget
1.2 Statement of Cash Flows
1.3 Statement of Income and Expenses
1.4 Statement of Financial Position
2. External Auditors authentication of activities undertaken
2.1 Financial Statements stated under 1 above will be scrutinized by External Auditors and their Report will be submitted.
3. Overall Achievements for the Operating Period
3.1 Annual Progress Report will be submitted by me as the Principal Coordinator of entire organization.The Report will indicate ;
3.2 Contributions received from each and every donor/institute separately
3.3 Activities undertaken for the period.
3.4 Degree of progress in each activity.
3.5 Whether financial disbursements on projects contributed to achieve targeted objectives.
i.e. to curtail declining trend of Christian family units.
3.6 Drawbacks encountered and suggestions forwarded to overcome them in the ensuing year.
4. Proposals for the following year
4.1 Draft Statements of 1 above for the following year will be submitted for donors and institutes
supporting the organization for fund raising.
...... in brief I would like to draw your kind attention to the above reporting system. Further clarification,amendments or suggestions are humbly accepted.You may please contact me through my e-mail address given below.
I have been serving in government and private sector organization for over 35 years as an accounting professional.Now at the verge of retirement from present position as Chief Accountant of the organization.
I bring this to your notice to convince that I am capable of running the proposed organization which I intend establishing with you assistance and through country church to achieve the stated
Mission.... "Arrest declining trend and increase Christian community with passage of time."
Thank you, God Bless
Peter Amerasinghe
e- mail address : petersumith@gmail.com
From donors point of view they can be satisfied that they have contributed to a worthy course in the name of Christ to uplift and enhance their own Christian community.
Once Projects are commenced with the assistance of donors and supporting institutions,Progress Reports and Financial Statements will be submitted to them for the relevant period. Further draft statements will also be submitted for the following year showing the activities to be undertaken and request for assistance.
Financial Reports for Assessment of ActivitiesFinancial Accounting reports that will be submitted to each donor and other supporting institutes for operating period are as follows.
1. Internal Controls by way of Planning,Resource allocation and Budgeting
through
1.1 Statement of Budget
1.2 Statement of Cash Flows
1.3 Statement of Income and Expenses
1.4 Statement of Financial Position
2. External Auditors authentication of activities undertaken
2.1 Financial Statements stated under 1 above will be scrutinized by External Auditors and their Report will be submitted.
3. Overall Achievements for the Operating Period
3.1 Annual Progress Report will be submitted by me as the Principal Coordinator of entire organization.The Report will indicate ;
3.2 Contributions received from each and every donor/institute separately
3.3 Activities undertaken for the period.
3.4 Degree of progress in each activity.
3.5 Whether financial disbursements on projects contributed to achieve targeted objectives.
i.e. to curtail declining trend of Christian family units.
3.6 Drawbacks encountered and suggestions forwarded to overcome them in the ensuing year.
4. Proposals for the following year
4.1 Draft Statements of 1 above for the following year will be submitted for donors and institutes
supporting the organization for fund raising.
...... in brief I would like to draw your kind attention to the above reporting system. Further clarification,amendments or suggestions are humbly accepted.You may please contact me through my e-mail address given below.
I have been serving in government and private sector organization for over 35 years as an accounting professional.Now at the verge of retirement from present position as Chief Accountant of the organization.
I bring this to your notice to convince that I am capable of running the proposed organization which I intend establishing with you assistance and through country church to achieve the stated
Mission.... "Arrest declining trend and increase Christian community with passage of time."
Thank you, God Bless
Peter Amerasinghe
e- mail address : petersumith@gmail.com
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