Financial Accountability

1. 1. The local funds are kept with the Children's Home manager.

   2. All funds received in Myanmar are acknowledged.

   3. All expenses are evidenced by receipts. Where no receipts are available, an internal receipt is raised and signed by the purchaser.

   4. The transactional evidence is accumulated and given to the book-keeper.

   5. Monthly files are kept.

   6. A report of receipts and expenditure is prepared and sent to the directors.

   7. Periodic audits are conducted on the books and financial controls at the Children's Home.

Purpose of the Funds

• • It is the intent that the funds be prudently used to provide adequate standards of subsistence and education for the children.

  • Up to 10% of the funds are held at BridgeLife to cover the administrative costs of running the not-for- profit structure in Singapore.

  • 90% is disbursed to the Children's Home on a regular basis to provide for the needs of the orphans at the Children's Home.

  • It takes an average of US$70 per month to care for each child.

Update July 2021

Due to the political situation and global pandemic, especially in Yangon, we have decided to arrange for the children to return to their relatives and family in the North of Myanmar. Hence, this operation is temporarily suspended. Instead, we continue to support them through the families and our network there. This initiative will be developed further.