At ELOI MINISTRIES, stewardship is an integral part of everything we do - because we recognize that every resource entrusted to us can transform real children's lives.As part of our stewardship, we optimize resources and distribute them where they are needed most. We carefully monitor and review programs and costs, use donations and grants for their intended purposes, and look for ways to leverage funds for maximum impact.In addition, we continually strive to keep our overhead rate low.
Sources of funding
Hope for an African Child is a ministry under ELOI MINISTRIES. As a result, ELOI MINISTRIES has a moral and financial obligation towards the support of. Since 2008, ELOI MINISTRIES has also been building long-term relationships with international partners who have a role in providing various resources including money, expertise and people. These relationships have been and will be established out of mutual respect, integrity and accountability.
Financial statements are prepared annually after a comprehensive assessment by independent auditors. The financial reports are compliant with International Financial Reporting Standards under the historical cost convention. Income and expenditure is recognized in the books of accounts and the income includes donations, grants and sponsorship received during the financial year.For specific annual reports, please write to us at email@example.com