Embed Size (px)
Citation preview
Agulhas Open Knowledge
GOOD FINANCIAL GRANT PRACTICE: AN INTRODUCTION
Catherine Cameron 6th October 2015 Wellcome Trust
Agulhas
Open Knowledge
THE CHANGING LANDSCAPE
Agulhas
Open Knowledge
MULTIPLE DONORS
Agulhas
Open Knowledge
THE TIMING
The pendulum swing monitoring, evaluation…………learning and knowledge
Accountability Learning
Agulhas
Open Knowledge
THE OPPORTUNITY
• SIMPLIFY
• SYNTHESISE
• SPEED
• SCALE
• STRENGTH
• LEARN FROM PRIVATE SECTOR…
……..STANDARDISE
Agulhas
Open Knowledge
Agulhas
Open Knowledge
Agulhas
Open Knowledge
Agulhas
Open Knowledge
Agulhas
Open Knowledge
Agulhas
Open Knowledge
Agulhas
Open Knowledge
Support to new standards
Agulhas
Open Knowledge
THE FINANICAL ACCOUNTABILITY CHALLENGE
• Statutory reporting not meeting donor needs
• Donors and NGOs developed own reporting requirements
• We all have different priorities, but…
• We all want the same things: – Understand and manage risks
– Demonstrate accountability
• 80:20 rule
Agulhas
Open Knowledge
NOW: INEFFICIENT, ONEROUS AND FRAGMENTED
Donor 1 Donor 2 Donor 3 Charities
Commission Companies
house
Parent NGO
Sub-grantee 1
Sub-grantee 2
Sub-grantee 3
Sub-grantee 4
Lead Grant-holder 2
Lead Grant-holder 1
Lead Grant-holder 3
Due diligence Annual report
Financial audit
Grant audit
Expenditure review
Internal audit Statutory reporting
Progress report Management report
Due diligence
Annual report
Management report
Grant audit
Expenditure review
Grant audit Internal audit
Local reporting
Progress report
Agulhas
Open Knowledge
AMBITION: EFFICIENT, EFFECTIVE, COMPREHENSIVE
Donor 1 Donor 2 Donor 3 Charities
Commission Companies
house
Parent NGO
Sub-grantee 1
Sub-grantee 2
Sub-grantee 3
Sub-grantee 4
Lead Grant-holder 2
Lead Grant-holder 1
Lead Grant-holder 3
Standardised practices
Standardised practices
Tailored reports Tailored reports
Agulhas
Open Knowledge
STANDARDS AS ENABLERS
SPEED
SCALE
SIMPLICITY
ADAPTABLE
FLEXIBLE
WORK WITH 80:20 RULE
CORE PLUS OPTIONAL ELEMENTS
TAILORED TO THE NEEDS OF GRANTORS AND GRANTEES
