Page 25 - GDG Annual Report 2020

Professionalism

Global Development Group maintains the highest professional standards of
governance to ensure excellence in performance, activities and accountability
to all stakeholders.

ACFID Accountability and project partners, and many supporting foundations.
Compliance Total expenditure was $28.15 million, which is mainly a

reflection of the cash flow timing difference between the
Global Development Group is a member of the Australian
receiving and sending of project funds.
Council for International Development (ACFID) and a signatory
to the ACFID Code of Conduct. This Code of Conduct is a Net assets remain extremely healthy at $6.27 million. Cash
voluntary, self-regulatory sector code of good practice that flow is continually monitored by management and activities
aims to improve international development outcomes and are planned conservatively in accordance with reserves and
increase stakeholder trust by enhancing the transparency commitments and adjusted as circumstances change. As
and accountability of signatory organisations. It requires such, it is the confident opinion of the Directors that Global
members to commit to high standards of accountability in Development Group remains financially strong and able
many areas, including development principles, governance and to meet its debts, as and when they fall due. Full financial
management. statements are available and information is available on our
Financial Summary website.
Feedback and Complaints
Summary financial reports have been prepared in
accordance with ACFID Code of Conduct requirements. For All expressions of encouragement, feedback and suggestions
further information on the Code please refer to the ACFID are welcome. Should you have a concern, complaint, or wish
website www.acfid.asn.au to report an alleged breach of the ACFID Code of Conduct
please use the ‘Feedback/complaints’ form under the ‘Help’
Governing body’s statement of financial health: For the
section of our website, or find our full contact details on the
financial year ended 30 June 2020, Global Development Group
back cover. To contact ACFID directly, please go to www.acfid.
experienced another great year of strong public support from
asn.au. Please note that it is critical that any matters relating
donors, with an excellent revenue result of $28.8 million.
to the safeguarding of vulnerable people, child protection or
In the midst of COVID-19 and in the current financial climate – the prevention of sexual abuse, exploitation or harassment
and following on from a devastating Australian bushfire season (PSEAH) are particularly time sensitive and should be reported
in summer 2019/2020 – this demonstrates the high regard held immediately using our feedback/complaints form.
for Global Development Group by the donating public, our

Ladies baking in the J1000N Captivating Nepal –
Stop Trafficking/Empower Women project.

Global Development Group Annual Report 2020 25