Annual report and accounts

Our Annual Report charts how – with your support – Ethiopiaid Canada is making progress towards our strategic objectives. The annual report also includes our audited accounts, explaining where our income comes from and how we have spent it. Our Board of Directors are responsible for preparing these reports in keeping with the law and the Canadian accounting standards. 

Transparency

Transparency is a way of working and reporting financial activities that is open and honest. For Ethiopiaid, this means being open about our financial affairs and how we spend the money we raise, but it also means working in a way that clearly shows how we put our values into action.

It is not just about publishing lengthy and complex annual reports, it is about providing short, clear summaries in easily accessible language for anyone to understand including individual supporters, trusts and foundations and corporates.

Why is transparency important?

As an Canadian charity, we are accountable to our staff, partner organisations, donors and stakeholders and most importantly, to the people living in poverty in Ethiopia who we support.

Transparency is important because it:

• • • Builds trust and means the people we help, our supporters and other stakeholders can make more meaningful choices.
      Proves to our financial supporters how we’ve made a difference with their donations. Shows the partner organisations we work with and the people we help through them in Ethiopia what we are doing in their name
    • How is Ethiopiaid transparent? We communicate clearly about what we do to all our donors and stakeholders in Ireland.
      We provide information about our impact and effectiveness in a clear, easily-accessible way through our website and supporter communications.
    • Ensuring your money is spent responsibly. With 30 years’ experience in international development through partner organisations, Ethiopiaid has a long history of building effective partnerships with local organisations and running projects in the most responsible and financially secure way. That said, no organization is immune to fraud. Ethiopiaid certainly has a zero tolerance policy on fraud and corruption and are proactive in trying to minimize opportunities in which fraud can occur. We have policies, procedures, controls and assurance in place, both in Ethiopia and in Canada and our global offices in Australia, UK and Ireland.