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English
- Homepage
- who are we
- Programs
- Resource library
- Reporting policies
- Working for Bothoor Alkhayr
- contact us
English
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The Bothoor Alkhayr Relief and Development Organization applies a financial system based on an integrated set of financial regulations and policies consistent with the best local and international standards and in accordance with the best practices applied in non-profit, non-governmental organizations and using the latest electronic systems and accounting programs.
We work in the Bothoor Alkhayr Organization with a modern and reliable administrative system through a group of interconnected departments, divisions and branches. This system ensures transparency in work and speed of completion by imposing strict control over the course of procedures.
We select employees in our organization according to standards of competence and commitment to the lofty values that the organization carries in its mission and seeks. It also opens the door to volunteer work to serve orphans. Workers and volunteers alike are subject to supervision to ensure that their behavior is consistent with the mission of the Seeds of Goodness Organization for Relief and Development.
We work to participate in various community activities, such as social activities and communication with university students and institutions with common goals, to enhance community and volunteer roles.
Bothoor Alkhayr Organization for Relief and Development applies a financial system based on an integrated set of financial regulations and policies that are consistent with the best local and international standards, and in accordance with the best practices applied in non-profit, non-governmental organizations, and using the latest electronic systems and accounting programs with the aim of achieving the vision and strategy of Seeds Al Khair for Relief and Development and achieving... Its objectives and the performance of its mission are in accordance with a system of values and a set of principles. This system has been developed based on the policies adopted and decided by the Association’s Board of Directors, and in line with the legislative regulations for charitable societies, generally accepted accounting principles and international standards for preparing IFRS reports. The Bothoor Alkhayr Relief and Development Organization is also keen to To continuously develop its financial system in a way that achieves transparency, disclosure and accuracy and leads to controlling financial performance and ensuring its efficiency and effectiveness. Accounting Policy: There are many accounting policies applied by Bothoor Alkhayr, which are based on international accounting standards and generally accepted accounting principles. We summarize the most important of these policies as follows:
1. General accounting policies: Applying the accrual basis, which achieves the principle of independence of financial periods. Apply the historical cost principle when preparing financial statements. Accounting policies related to real estate and gifts. Accounting policies related to property, equipment and machinery. Accounting policies related to revenue recognition. Accounting policies related to provisions. Accounting policies related to employee benefits. Accounting policies related to financial risk management. Accounting policies related to transactions in foreign currencies. Accounting policies related to financial instruments
2.Accounting policies related to revenues: Cash donations are recognized when they are received. Non-cash donations are recognized on a regular basis during their useful life. Contributions and deposits are recognized when cash is received. Rents are recognized on an accrual basis. Revenue from the sale of investments, property and equipment is recognized when ownership passes to the buyer
3. Accounting policies related to expenses. Project and activity expenses are recognized when they are paid. Expenses transferred to offices and representations outside Bothoor Alkhayr are recognized when the amounts are actually paid abroad and not when transferred from the main center in Bothoor Alkhayr. Disbursement must be in accordance with approved budgets. Disbursement must be in accordance with the financial policies, regulations and procedures approved by the Board of Directors. Transparency must be achieved at all stages of disbursement operations. Apply internal control and control procedures to all exchange operations. Applying quality standards in exchange operations
As of the basic principles in 2010, researching internal reports on the development of internal and external reports, establishing appropriate controls for correction , and creating a risk register, identifying all risks faced by an organization internally and externally, as well as training its employees to identify and deal with risks.
5. Combating Money Laundering and Terrorist Financing Bothoor Alkhayr for Relief and Development is committed to the highest standards of combating financial crime, at the forefront of which is combating money laundering and terrorist financing, combating bribery and corruption, combating fraud, and other financial crimes. The risk-based approach is considered an essential part of Bothoor Alkhayr policy to combat Money laundering and terrorist financing operations
Bothoor Alkhayr always aims to enhance compliance in general with all local and international laws and legislation, agreements and standards in the field of charitable and humanitarian work. Bothoor Alkhayr also emphasizes compliance in particular with the requirements of combating money laundering and terrorist financing operations and assessing their risks and their potential impact on their financial capacity, as they conduct it periodically and regularly Whenever necessary, it reviews and updates its policy and procedures related to this matter, in order to ensure compliance with international standards issued by the working group and international best practices, in addition to the legislation and laws related to that.
Bothoor Alkhayr adopted modern methods and methods of governance, by developing a system that includes a set of rules, principles, policies, procedures, and administrative structure that regulates the organization’s work and tasks. It also established the three basic principles of governance and put them into practice, which are transparency, participation, and accountability. Governance principles increase community confidence in Bothoor Alkhayr and help it achieve its broader charitable, humanitarian, development, and social goals
Bothoor Alkhayr has implemented a set of internal control and audit systems in accordance with international standards issued by international bodies and organizations to keep pace with the best systems, with the aim of achieving its goals and controlling the risks it faces and to ensure its efficient and effective management of funds. Therefore, it has implemented a set of important measures to achieve an effective control environment, and has also been activated. The role of internal audit as an important control tool for auditing the activities of Bothoor Alkhayr Relief and Development
Put your trust in the right place when you donate to the Bothoor Alkhayr Organization for Relief and Development.
Your donation goes through a well-studied mechanism to ensure the greatest benefit it can bring to help people through the organization’s various projects
The Bothoor Alkhayr Organization for Relief and Development has been and will remain the faithful sponsor of your precious donations
At the Bothoor Alkhayr Organization for Relief and Development, we take into account transparency and accuracy not only in front of donors and partners, but also in front of beneficiaries and ourselves alike. We believe that the keys to success lie in quality, efficiency, transparency and credibility, through which we work to reflect its values on the ground.