FINANCIAL ACCOUNTABLITY

One of the fundamental principles of any charitable organisation is transparency in all its activities including financial transactions, and be responsible to the people and its donors.

It is essential that an organisation is accountable for the money it raises and spends. The principles of financial accountability necessitate complete, accurate, and timely reporting on the funds and the recourses allocated and spent on projects and its beneficiaries. Accountability and transparency are indispensable pillars of a charitable organisation and its good governance.

AEDU has designed all its programmes and financial transactions to be transparent and for efficient use of funds.

Every resource entrusted to AEDU is used to transform children's lives and the families affected by war and Tsunami or poverty. AEDU optimises resources and distributes them where they are needed the most. AEDU members carefully monitor and review programmes and costs, use donations for their intended purposes, and look for ways to control funds for maximum impact.

Uniqueness of our financial accountability and transparency

• AEDU-INTERNATIONAL or AEDU-In Sri Lanka does not incur administrative costs.
• Whatever the funds and donations received by AEDU will be used for the affected people fully.
• Money donated/credited into the account of AEDU-INTERNATIONAL will be directly transferred in to the accounts of AEDU-Batticaloa and AEDU-Trincomalee in Sri Lanka.
• AEDU-Batticaloa and AEDU-Trincomalee will directly transfer the money in to the accounts of beneficiaries.
• Cash will not be accepted in favour of AEDU by any members of AEDU in Sri Lanka or abroad. Cheques in favour of AEDU-INTERNATIONAL, AEDU-Batticaloa and AEDU-Trincomalee will be accepted by the members.
• All the money transactions will go through the respective bank accounts. No funds will be given to beneficiaries as cash for income generating projects or as monthly financial assistances.