The Harrow Grace Foundation is committed to maintaining the highest standards of financial integrity and transparency. We believe that ethical financial practices are fundamental to achieving our mission and sustaining the trust of our donors, partners, and beneficiaries.
Our Commitment to Financial Integrity
As part of our commitment to financial integrity, we adhere to the following principles:
- Transparency: We are dedicated to providing clear and accurate financial information to our stakeholders. We publish our annual financial statements, audits, and reports to ensure accountability and openness in all our financial dealings.
- Accountability: We hold ourselves accountable for the responsible use of all funds entrusted to us. Our financial management practices are designed to ensure that resources are used effectively and efficiently to advance our mission.
- Ethical Conduct: We are committed to upholding the highest ethical standards in all financial matters. This includes preventing fraud, corruption, and misuse of funds through robust internal controls and regular audits.
- Compliance: We comply with all relevant financial laws, regulations, and standards, including Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS), as applicable.
Financial Management Practices
To ensure financial integrity, we have implemented the following practices:
- Regular Audits: We engage independent external auditors to conduct annual audits of our financial statements. These audits are designed to provide assurance that our financial statements are accurate and comply with applicable standards.
- Internal Controls: We maintain a robust system of internal controls to safeguard assets, ensure the accuracy of financial records, and prevent and detect fraud or misappropriation of funds.
- Financial Reporting: We prepare and publish regular financial reports, including annual financial statements and impact reports, to provide transparency and demonstrate our commitment to accountability.
- Budgeting and Forecasting: We employ rigorous budgeting and forecasting processes to ensure that our financial resources are allocated effectively and align with our strategic priorities.
- Training and Development: We invest in ongoing training and development for our staff to ensure they have the skills and knowledge necessary to manage our financial resources responsibly.
Donor Relations
We value the trust our donors place in us and are committed to maintaining that trust through transparency and accountability. We provide regular updates on the use of donated funds and the impact of our programs and ensure that all donations are used for their intended purposes.
Conclusion
The Harrow Grace Foundation is committed to financial integrity, transparency, and accountability in all our operations. We will continue to uphold these principles as we work towards achieving our mission and making a positive impact in the communities we serve.
For more information about our financial practices or to request copies of our financial statements and reports, please contact us at:
Harrow Grace Foundation
7 Newgale Gardens EDGWARE Middlesex HA8 6JF
Email: info@harrowgracefoundation.org
Phone: +44 7956824572, +234 8023542339