How are the finances of the CSP handled?
We appeal to Donors to make payments by crossed cheques in the name of Sadhana Village (CSP). The funds go into the dedicated bank account for the purpose. Sponsorship Fund will be used to provide a constellation of services to the child and the family. The families of the children are also asked to open accounts in their names in a bank nearest to them so that Designated Fund and any other special funds could be transferred directly to the families` accounts. Sadhana Villageretains 15% of the sponsorship funds only as administrative expenses; which include preparing case paper, contacting families, monitoring child’s progress; arranging remedial tuitions if necessary; documentation and contact with Donors, salaries of social workers etc. The accounts and transactions for the CSP are transparent and the Donors as well as the families are entitled to access them any day. The accounts are audited at the end of the year regularly.
