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Accountable for every dollar

Our Financial Accountability

Every dollar CERC has received, from which donor and for which project – and how it was spent.

Financial accountability report (PDF)Statement of funds, by grant

  • US$762,759Funds received
  • US$762,523Spent or returned
  • 91%compliance with our financial policies (target 80%)
  • 5periods covered by independent audits, 2017–2022
Compliance at a glance

CERC meets its compliance target: a compliance rate of 91% with its financial policies (target 80%)

In 9 years (2017–2025), CERC has managed 11 grants and contributions. Each one is checked against the rules of Policy 002 for every year it was active – 20 checks in all – and every dollar received is shown on this page, with its source and audit status. Our goal: full compliance by 2027.

91%compliance rate with the rules of Policy 002 – 84% weighted by the resources managed; target 80%

Resources managed (brought forward + received), by compliance level

Yearly checks of each grant, by compliance level

  • Compliant
  • Partly compliant
  • Not compliant

Compliance in detail

We are accountable to the young people, communities and partners we work with, and to the donors who trust us. This page brings together all the funds CERC has received since 2017 and how they were spent, from our annual reports, audit reports and financial reports to donors.

Only funds actually received are shown – not budgets or pledges. Use the filters to look at one year, one donor, one project or one type of expense: every figure, chart and table below follows them. All amounts are in US dollars.

A report of the figures you have selected above – by year, donor, project, expense type or compliance level – with audit status and compliance.

Financial accountability report (PDF)
Funds received–
Spent or returned–
Donors–
Projects–

Received and spent, by year

  • Received
  • Spent

Where the money came from

How it was spent

Received and spent, by project

  • Received
  • Spent

Statement of funds, by grant

For each year and each grant: the balance brought forward from the previous year, the funds received, the funds spent, the funds returned to the donor or transferred, and the balance carried forward to the next year. A negative balance means spending ahead of funding.

Financial policies

Compliance with our financial policies

Each grant, year by year, is checked against five rules of our financial procedures manual (Policy 002): external audit, spending within the grant’s resources, donor funds and balances, expenses approved and supported, and reports that agree with the accounts. A grant is compliant when every rule that applies is met, partly compliant when a rule is only partly met, and not compliant when a rule is not met. The levels follow the documents published on this page; use the compliance filter above to see the grants and entries of one level.

Policy 002 (PDF)

  • Compliant
  • Partly compliant
  • Not compliant

Resources managed, by compliance level

Brought forward + received, by year

Policy 002 rules, by grant and year

Number of yearly checks of a grant in which each rule is met, partly met or not met

All entries

Notes and sources

  1. Amounts are those of CERC’s annual reports, checked against the audits. Audited: October 2017 – September 2019 (SHINE project), 2020 and 2021 (all CERC accounts, Group BEAG) and the Education Out Loud project in 2022. Not audited: the other 2022 grants, 2023 and 2024, taken from CERC’s financial reports to donors. Contributions in kind (Microsoft and Twilio.org in 2020, DigitalOcean in 2025) do not pass through CERC’s bank accounts: those of 2020 are in the audited accounts, and an in-kind contribution needs no audit of its own. Each row of the statement of funds gives its source and audit status; where a report and an audit differ, the audited figure is used and the difference is explained in the notes.
  2. The SHINE project accounts for October 2017 – September 2019 were kept in Congolese francs. They are converted into US dollars at the Banque Centrale du Congo’s average exchange rate for the year in which most of each period falls: 1 US$ = 1,622.52 CDF (2018) for October 2017 – September 2018, and 1 US$ = 1,647.76 CDF (2019) for October 2018 – September 2019. The table shows the original amounts in Congolese francs.
  3. The contributions of Microsoft and Twilio.org in 2020 were in kind: Microsoft 365 licences and email hosting, valued at US$24,000, and Twilio.org credits for SMS, voice calls and messaging, valued at US$6,500, used for the Covid-19 vaccine education project; both are in the audited accounts.
  4. 2021 (audited): the US$6,424.23 returned to Accountability Lab is the unspent balance of the Building Integrity in the DRC project, funded by the US Department of State (INL) through Accountability Lab (the 2020–2021 report showed US$6,423.43). The audit also includes US$9,380.75 of CERC’s own resources spent on office equipment, and Year Zero expenditure of US$23,239.50 – US$70.36 less than the US$23,309.86 of the Year Zero finance report to Oxfam IBIS: the four activity lines total US$22,960 in both, and the US$70.36 is the difference in bank charges (US$349.86 in the report, US$279.50 in the audited accounts), confirmed by the audited bank balance.
  5. 2022: Education Out Loud received two transfers of US$361,361 from Oxfam IBIS. The US$751 in cash at the start of the project is the Year Zero balance brought forward (US$746.41 in CERC’s ledger, against US$746.50 audited in 2021, plus US$5.06 of CERC’s own funds kept in the account for bank fees: US$751.47, shown in whole dollars by the audit), not new funding. The expense headings of the audit add up to US$273,342; the audit gives a rounded total of US$273,341.
  6. 2023: the Education Out Loud expenditure is available in three categories only; its direct project support (staff, travel and running costs) is not broken down. The spending above the year’s income comes from the balance carried forward from 2022.
  7. Youth Excel: US$90,781.86 received in all – US$32,506.71 in 2021, US$51,529.10 in 2022 and the final disbursement of US$6,746.05 in February 2023. The expenditure to December 2021 is shown in 2021, the rest of the cumulative expenditure to December 2022 in 2022. The US$1,934.73 spent above the award were paid from CERC’s own resources in 2023.
  8. 2024: the REPLIC partnership with RCN Justice & Démocratie only; Education Out Loud, which ran until June 2024, had spent all its funds by December 2023, so it has no 2024 figures.
  9. No balance remains open at the end of 2025. SHINE: the US$3,521.36 owed to Integrity Action since 2020 (2021 audit) were used in 2022 to develop EduCheck, CERC’s own student monitoring platform (CERC’s statement; Integrity Action’s written agreement is not documented). Youth Excel closed in February 2023 at zero: the US$1,934.73 of expenditure above the IREX award was paid from CERC’s own resources (members’ contributions).

Read the annual reports, audit reports and project reports

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