FINANCIAL TRANSPARENCY
Financial transparency is a key principle for Krousar Thmey. Everybody has the right to know how the funds raised are used.

 

Thanks to the strict financial management and the involvement of European volunteers, all administrative costs remain under 4% of the total budget.

Cambodian accounts are all certified by auditors PwC.

Audited financial statements are available here:

 

Audited statement 2019

Audited statement 2018

Audited financial statement 2017

Audited financial statement 2016

Our French and Swiss organisations’ accounts are also audited annually.

ORIGINS OF THE FUNDS 

In support of its local activity in Cambodia, Krousar Thmey benefits from the involvement of volunteers in international entities: Krousar Thmey France, Krousar Thmey Switzerland and Krousar Thmey Singapore. As their main activity is fundraising, these branches are a privileged relay to donors outside Cambodia. They allow Krousar Thmey to receive institutional funding and support from individual donors.

Donations accounted in Cambodia come mainly from non-governmental organizations and to a lesser extent from private donations and the Cambodian authorities.

Financial or in-kind donations of the Cambodian authorities have increased steadily the past few years, accounting for nearly 8% of Krousar Thmey’s resources. All staff of schools for deaf or blind children are civil servants 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.

 

Krousar Thmey won the label Ideas in 2010.

 

Font Resize