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Finance & Accountability
This year’s report gives a clear picture of how the money entrusted to us has been used effectively and how lives have been transformed. We seek to be catalysts of change to make the most significant positive impact with the limited resources available. We will continue to be careful stewards of your generous donations, with the cost of generating funds accounting for thirteen per cent, administrative costs eight per cent and governance costs one per cent. These have increased slightly over the previous year as we have employed an additional staff member to enable us to grow. We are committed to continuing to reduce our costs.
Where your money goes
It can be difficult to determine which charities are effective and accountable with the donations they receive. Dochas, the umbrella body for Irish development charities, provides some ‘key questions to ask before you donate’ on their blog. Or if you have 10 minutes you can rate us using an independent charity rating system here.
Effective and Accountable
We are indebted to a wide variety of churches and individuals in Ireland whose generosity and compassion make it possible for us to respond to the needs of the world’s poorest people. Tearfund is also funded by the Irish government and other trusts and foundations. We use our finances as effectively as possible and have consistently maintained low administration costs in order to ensure help reaches those in need. This is also made possible through the support of enthusiastic volunteers who raise funds, pray, work in our office and share our vision with others.
Tearfund Ireland is a trusted partner of Irish Aid (the Irish Government overseas aid agency) and is currently in receipt of a multi-annual grant for HIV prevention in Malawi.