The Zaporuka Charitable Foundation has successfully passed an independent financial audit for the third time

Why is audit important for charitable organizations?

An independent audit of financial statements is a..:

• confirmation of work in the legal field;

• proof of being in the register of non-profit organizations;

• regular reporting to donors, partners, and the public;

• strengthening the reputation of a transparent fund.

Results of 2020

• Involved: UAH 19,088,280.20

• It is focused on statutory activities: UAH 18,782,005.87

• The remaining funds were transferred to implement projects in 2021

Audit conclusion from CompassGroup confirmed that all charitable funds were used for their intended purpose.

Audit as a tool of trust

Transparency and accountability are not only the internal practice of the foundation, but also part of the development strategy of the entire charitable sector. It is regular independent audits that build trust in the charitable sector:

• of a particular organization;

• charity in general;

• socially responsible institutions.

We are sincerely grateful to to the audit company CompassGroup for professional verification and support of transparency standards.
Thanks to this, we continue to develop and move confidently towards new results.

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