Finance & Accountability
Welcome to the Financial and Accountability section of PSM Charity. At PSM Charity, we consider transparency, fiscal responsibility, and accountability to be paramount in our mission to make a meaningful impact on the lives of those we serve. This section is dedicated to providing our stakeholders, donors, partners, and the wider community with a comprehensive overview of our financial practices, stewardship of resources, and commitment to accountability.
As an organization driven by the goal of creating positive change and addressing critical social issues, we recognize the importance of maintaining the highest standards of financial integrity and transparency. In the following pages, we will provide you with insights into how we manage our finances, allocate resources, and ensure that every contribution we receive is used effectively and efficiently to support our mission.
Our commitment to financial and accountability transparency extends to the following key areas:
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Financial Stewardship: We are dedicated to prudent financial management, ensuring that the resources entrusted to us are used efficiently to maximize their impact on our programs and initiatives.
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Accountability and Governance: We adhere to strict governance practices and have established mechanisms to ensure accountability at all levels of our organization. This includes regular financial audits and comprehensive reporting.
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Transparency: We are committed to open and honest communication with our stakeholders. We provide detailed financial reports and information about our programs and activities, fostering trust and confidence in our work.
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Impact Measurement: We continually assess and measure the impact of our programs to ensure that we are making a meaningful difference in the lives of the individuals and communities we serve.
In this section, you will find financial statements, annual reports, and detailed information about how your support is utilized to create positive change. We invite you to explore the pages ahead and learn more about our financial practices and commitment to accountability. Your trust and partnership are essential to our mission's success, and we are dedicated to upholding the highest standards in all that we do.
Thank you for your continued support of PSM Charity. Together, we can make a lasting and meaningful impact on the world.
FINANCIAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022
Finance Pie Chart Overview
Our organization's financial allocation is visualized in the form of a pie chart, offering a clear snapshot of how your contributions are distributed to support our mission. The chart reveals the following breakdown:
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Management and General: This category accounts for 25% of our total finances. These funds are allocated to cover essential administrative and operational costs that enable the organization to function efficiently and effectively.
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Fundraising: Representing 12.5% of our financial allocation, fundraising expenses are used to raise awareness and support for our cause. These activities are crucial in expanding our reach and impact.
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Program Services: The largest portion of our financial allocation, at 62.5%, is dedicated to program services. These funds directly fuel our mission, supporting the various programs and initiatives that make a positive difference in the lives of those we serve.
For More Information
This pie chart offers a high-level view of our financial distribution. If you would like to delve deeper into our financial practices, allocations, and the impact of your contributions, we encourage you to download our comprehensive Annual Report.
The Annual Report provides a detailed breakdown of our financial statements, program outcomes, and accountability measures.
Your support is invaluable in enabling us to continue our work and achieve meaningful change. We are committed to transparency and accountability, and we invite you to explore the complete financial picture in our Annual Report. Thank you for being an essential part of our mission's success.
Download Annual Report Below.
