Karuna Trust’s
commitment to accountability
In view of recent concerns about accountability
of non-profit organizations, Karuna Trust would
like to state clearly its commitment to accountability.
Karuna Trust receives regularly money from M/s.
Karunaratne & Sons Ltd., a leading printing
establishment in Sri Lanka. Also it raises money
from the general public as well as from corporations,
private foundations and other funding agencies.
100% of donations raised from the general public
go directly to the anti-poverty projects for which
they were intended. Not a cent goes to Karuna Trust
overheads.
All donations from corporations, private foundations
and other funding agencies, ends up where it is
required and is used for the purposes it was intended.
The results are sustainable and future generations
benefits as well. Karuna Trust will do regular reporting
on how the funds are being used.
All overheads and administration costs are covered
from the money receives from M/s. Karunaratne &
Sons.
In keeping with its obligations as a registered
nonprofit (L 8250) institution, Karuna Trust submits
full financial information, to the Department of
Social Services and to the Department of Inland
Revenue on annual basis. Copies of this information
are available from Karuna Trust at
or
Karuna Trust,
67, UDA Industrial Estate,
Katuwana Road,
Homagama 10200,
Sri Lanka.
An independent accounting firm conducts annual
audit of Karuna Trust and a volunteer Board of Directors
oversees our work, sets polices and procedures,
and monitors our object and expenditures to ensure
that funds are spend wisely. Karuna Trust evaluates
every program to ensure that your donation is put
to effective use.
Annul Report & Financial Statement 2006/07