Transparency

In order to secure full transparency of both funding and subsequent budget-flow, we are disclosing all development documents and financial data in an accessible open-source fashion. We invite all interested parties to take a closer look at the RFC initiative, both as a gesture to our partners and sponsors, but also to accommodate other agencies who might seek inspiration.

All assets go directly to an officially registered CREASION/ VFC bank-account as per Government of Nepal’s NGO laws - with all subsequent benefits and restrictions. The account is maintained by three signatories whose permission is mandatory for all withdrawals or movements.

CREASION/VFC NEPAL

Audited Balance Sheet
(Adapted for Easy Understanding of Stakeholders)
Figures in NPR

Sources Funds 70/71 (2013-2014) 71/72 (2014-2015)
     
Reserves and Balances 15,268.75 2,458,968.74
Reserve and Surplus 15268.75 (356,078.44)
Restricted Fund Balance   2,815,047.18
     
Liabilities 10,000.00 398,053.79
Loan from Founder - Aanand Mishra   213,321.75
Current Liabilties and Provisions 10,000.00 184,732.04
     
Total Sources of Funds 25,268.75 2,857,022.53
     
Application of Funds 70/71 (2013 - 2014) 71/72 (2014 - 2015)
     
Current Assets, Advances and Deposits  10,767.50 2,717,170.46
     
Fixed Assets 14,501.25 139,852.07
     
Total Application of Funds 25,268.75 2,857,022.53

CREASION/VFC NEPAL

Audited Income and Expenditure Statement
(Adapted for Easy Understanding of Stakeholders)
Figures in NPR

Income 70/71 (2013 - 2014) 71/72 (2014 - 2015)
     
Restricted Income   -   4,494,802.26
Restricted Fund From instituional Donors   -    4,494,802.26
     
Unrestricted Income 545,659.72 172,056.50
Donation from Individuals 535,159.09 162,056.50
Membership Fee 9,930.00 10,000.00
Other Income 570.63  
     
Total Income 545,659.72 4,666,858.76
Expenditure 70/71 (2013 - 2014) 71/72 (2014 - 2015)
     
Restricted Program expenditure   1,679,755.08
General Expenditure 561,369.34 543,403.69
     
Total Expenditure 561,369.34 2,223,158.77
     
Reserves and Balances (15,709.62) 2,443,699.99
Restricted Fund Balance   2,815,047.18
Reserve and Surplus (15,709.62) (371,347.19)
     
Accumulated Reserves and Balances 30,978.37 15,268.75
Restricted Fund Balance                        -    
Reserve and Surplus 30,978.37 15,268.75
     
Total Reserve and Balance 15,268.75 2,458,968.74