Transparency

At North West Simon Community, we strive to be transparent and accountable at all times. We believe that our supporters should be informed about the work we do and its impact, but most importantly about how we spend our money.

Each year we develop a financial statement that is prepared in accordance with the Companies Act 2014 and FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council as modified by the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ effective 1 January 2015, which has replaced previous general accounting practice (‘GAAP’) used in Ireland and the UK.

Charities SORP (FRS 102) is not currently obligatory under the Charities Act, 2009. The Charity Commission for England and Wales is recognised by the UK Accounting Standards Board (ASB) as the appropriate body to issue SORPs for the charity sector in the UK and the Charities SORP (FRS 102) has therefore been recognised as best practice for financial reporting by charities in Ireland.

Our Annual and Financial reporting

  • Our financial accounts are independently audited every year
  • Our accounts are SORP (FRS 102) compliant
  • We continually monitor the impact of our work and its impact on the people we work with
  • We ensure regular communication and reporting

Ethical Fundraising

At North West Simon, we are committed to following the Guidelines for Charitable Organisations on Fundraising from the Public published by the Charities Regulator.

Read here

The Principles underpinning these guidelines are:

Respect

  • All fundraising will respect the rights and dignity of donors, beneficiaries and the public.
  • Fundraising activities will not be unreasonably persistent, intrusive or place undue pressure on people to donate.
  • Should someone not wish to donate, or wish to cease making a donation, that decision will be respected.
  • Beneficiaries will not be presented in a disrespectful way in promotional activities and, where possible and appropriate, clients and beneficiaries will have an input into the promotional strategies of the charity.

Transparency and Accountability

  •  The charity will take responsibility for its actions and will be capable of explaining, clarifying and justifying those actions.
  • The charity’s trustees and management will explain and account to donors and the public for the charity’s actions.
  • The charity will operate in an open, frank and honest way and will ensure that transactions, operations, information and communications are easily understood by donors and the public alike.
  • The charity will clearly identify to donors and the public the cause for which the fundraising is occurring and how donations will and are being used.
  • The charity will provide ways whereby those interested can easily contact the charity.
  • The charity will have a procedure in place to address complaints.

Honesty and Integrity

  • Fundraising will occur in an honest and truthful manner.
  • Fundraisers will act with integrity and not misrepresent the charity, its need for funds or how they will be applied.
  • Questions about fundraising activities and fundraising costs will be answered honestly and in a timely manner.
  • Information about the charity’s charitable purpose and activities will be made freely available.
  • Charitable donations and gifts will be used for the purposes for which they were donated.

Details of our fundraising activities are contained within our Annual Reports and Financial Statements.

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