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The
Society's finances
As
a public charity and, consequently, it is subject to the
supervision of the Attorney-General.
Policies
to ensure money well spent. The Society must
ensure that the funds which it receives are used for the
right purposes and are well-spent.
The
Society has a policy that an allocation is released in
five tranches over a five year period in an ascending
ratio of 1:2:3:4:5. The first release represents
only 6.6% of the total allocation. If, after careful
monitoring and auditing, a satisfactory performance has
been achieved, the second tranche — representing 13.2%
of the total allocation — is released. If
satisfactory progress is being achieved, then the
remaining three tranches are released over the following
years.
This
policy is designed to ensure that trust funds are:
-
not
being fraudulently misappropriated;
-
used
for the right purposes, ie, that they are being
spent on the Society’s objects and not for any
other purpose; and
-
well-spent
and are not being squandered by persons who,
although well-meaning and enthusiastic, are
incompetent and unable to produce satisfactory
results.
Finally,
the members of the Society's Board of Governors, the
Society's Board of Trustees and its Secretariat provide
their services gratuitously. They do not receive
any remuneration for their services.
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Links
to other pages dealing with the Society:
Legal
status of the Society
Constitution
of the Society
Society's
funding
Society's
finances
Society's
overseas programs in Africa and Asia
Structure
of the Society
Society's
governance
Membership
Links
to other Societies:
American
Anti-Slavery Society
Australian
Anti-Slavery Society
The
Society is not responsible for the content of
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