The document is the Audited Financial Statement of Care of Afghan Families (CAF) as of 20 March 2023, prepared by Credence Auditors & Advisors (CAA). It includes:
- Auditor’s Report: An unqualified opinion confirming the financial statements comply with International Auditing Standards (IAS), IFRS, and Afghan laws.
- Financial Statements:
- Statement of Financial Position: Total assets of AFN 316,435,295 (USD 3,638,982).
- Income & Expenditure: Income of AFN 186,171,016 (USD 2,140,952) vs. expenses of AFN 185,905,256 (USD 2,137,896), resulting in a minor surplus.
- Core Fund: Accumulated fund balance of AFN 3,793,118 (USD 43,621).
- Notes: Detailed accounting policies, donor-specific grants, and tax computations (e.g., AFN 5.5M collected, AFN 4.7M paid).
- Project Budgets: Variance analyses for WHO, UN Women, UNICEF, and other donors, showing underspending (e.g., WHO COVID-19 project at 41% variance).
- Visual Data: Charts depict income trends (2021–2023), gender distribution (65% male staff), and funding sources (67% from World Bank/UNICEF).
Key Takeaways:
- Financial Health: CAF maintained a near-balanced budget with minimal surplus.
- Compliance: Adhered to international standards and local regulations.
- Donor Reliance: Heavy dependence on World Bank/UNICEF grants.
- Challenges: Significant variances in project execution (e.g., WHO funds underutilized).
- Transparency: Detailed disclosures on taxes, indirect costs (10% rate), and asset management.
Note: The audit reflects stable operations but highlights inefficiencies in fund utilization across projects.