Knysna Education Trust is a non-profit organisation that strives to employ professional performance management, financial disciplines, and governance processes that optimise donor funds and benefits to the schools and children.
Multi-channel funding streams reduce vulnerability to any single large donor withdrawal and ensures sustainability. Funding streams include local, national, and international individuals, businesses, corporates, foundations, government (Department of Social Development), and bequests. We also collaborate with key NGOs in Knysna, such as FAMSA, ePap, Knysna Initiative for Learning and Teaching (KILT), with KET focusing on the ECD component of the work done by these organisations.
We also collaborate with key NGOs in Knysna, such as FAMSA, ePap, Knysna Initiative for Learning and Teaching (KILT), with KET focusing on the ECD component of the work done by this group of organisations.
Non-Profit Organisation Registration: NPO 004-286
Public Benefit Organisation Registration: 93/00/00/1366
KET has a qualified accountant and works with a firm of chartered accountants, who conducts annual audits and produces the Annual Financial Statements. These statements are available for review by the public on request and are open to enquiry. We believe in openness and transparency regarding our financial income and the detailed spend of donors’ funding. We pride ourselves on keeping administrative costs to a minimum. This ensures the maximum amount of donations received are used to directly assist our beneficiaries.
The Board reviews and monitors the monthly financial statements produced by our accountant. Each programme’s funding is tracked individually by the accountant.
Funds secured for specific programmes are ring-fenced and only used for these specific programmes.
Programme managers are responsible for monitoring and overseeing their individual programme budgets and conduct regular financial reviews with the general manager to ensure budgets are met. They also manage their programmes according to predetermined goals and targets, informed by our collective vision, mission, values, and strategic goals.
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