On 23/December/02, Compassion Response Network was officially registered as a public company with charitable objectives. Financial statements are strictly audited annually.

For details of donations, expenditure and financial statements from 23/December/02 to 30/November/04, click here

CRN fund balance as of 30/November/04 = AUD$8.05

Donations received after 1/December/04

Donations received December 2004 = AUD$170.00
Donations received January 2005 = AUD$1,005.00
Donations received February 2005 = AUD$350.00
Donations received March 2005 = AUD$311.05
Donations received April 2005 = AUD$50.00

Total donations received December/04 to April/05 = AUD$1,886.05

Expenditure Dec/04 to Apr/05 (annual administrative costs) = AUD$806.05

CRN fund balance as at 1/May/05 = AUD$(8.05 + 1,886.05 - 806.05) = AUD$1,088.05

All donations received after 1/May/2005 will go directly towards funding of future alternative treatment trials in Africa.

By Post

Personal cheques, bank drafts or postal notes (in Australian or your country's currency) should be made out to "Compassion Response Network" and sent to our postal address,

Compassion Response Network, PO Box 582, Gosnells WA 6110, Australia.

It is important that the name "Compassion Response Network" is printed on such payments, as then such payments can only be legally cashed through deposit in the CRN bank account, which is annually audited to confirm all expenditure is in accordance with CRN charitable objectives.

By Direct Deposit

a) donations from within Australia

Direct deposits can be made within Australia through direct deposit to the CRN bank account, specifying;

 

Deposits made at any branch of the Bendigo Bank are free. If the deposit is made at another bank or financial institution within Australia, there may be a transfer fee of AUD$4 or $5.

b) Direct deposit donations from outside of Australia

Compassion Response Network does not presently have any bank account outside of Australia, and is unlikely to have over the coming year.

Deposits can so be made direct by international telegraphic bank transfer, specifying;

 

International telegraphic transfers are more expensive than bank drafts, as they attract a high transfer fee which can vary according to bank and country of origin.

Contact with Compassion Response Network

CRN postal address: PO Box 582, Gosnells WA 6110, Australia
CRN email address: keane@nw.com.au
CRN registered office address: 29B Percy St, Gosnells WA 6110, Australia
CRN phone: (618) 9398 3347

Receipts

All donations of AUD$5 or more received by post and with a sender's name and address will receive a CRN receipt by post. CRN receipts will not attract a tax rebate from the Australian Tax Office. Donations deposited directly into the CRN bank account will not record the sender's name and address so no receipt can then be sent.

Internet Banking

Anyone wanting to donate within Australia and who has Internet access will be able to deposit directly into the CRN bank account using Internet Banking. This facility is not available for overseas transfers of money.

Merchant Facility

Merchant Facility permits payment through credit cards. Australian law prohibits us opening a merchant facility for at least 6 months after the opening of our bank account. We may be able to arrange a merchant facility linked with the CRN website by about September 2003.

Public Accountability

Compassion Response Network seeks to adopt the highest ethical standards of open-ness and accountability possible for a small organisation.

As Compassion Response Network is bound under its constitution to be non-profit, all donations received must be spent exclusively upon our charitable objectives. No portion of the CRN fund can be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise, to the directors of CRN. All seven founding directors serve on a voluntary basis, attracting no financial reward.

All cheques, bank drafts and postal notes can be cashed only through depositing into the CRN bank account. All such deposits are subject to strict audit for expenditure in accordance with the CRN objectives defined in the CRN constitution. In effect for the year 2003, at least 95% of donations received during the year 2003 will go towards the Kinshasa and Harare AIDS projects, the remainder being used to provide healing devices to service groups in poor nations and administrative expenses. The exception will be if a donation is tagged by the donor for a special purpose of expenditure; then the money will be used for the specified purpose.

All withdrawals from the CRN bank account need to be double signed, and all expenditures are subject to approval by the Inner Planning Circle. Every year our accounts, including receipts, expenditure, minutes and full yearly financial statements are audited by a registered chartered accountant. In preparation of accounts we are required to conform to optimum Australian accounting standards.

We invite comments from readers for ways by which we can improve on matters of ethical standards, open-ness and sharing of information, accountability and right practice.