Report and Financials -

Each year our audited combined Financial Statements (Financial Repor) provide a global overview of CHEERMEDICS’s work. Our National and International Activity Report (IAR) gives details on our activities and expenditure in each programme and reflects on the major challenges we faced over the year. Access our Financial Reports and our International Activity Reports and learn more about our funding policy, where our money comes from and how your donations are used.

Fundraising Events: We organize fundraising events such as charity galas, benefit concerts, and community drives to raise funds and create awareness about our organization's work.

Crowdfunding Campaigns: CHEERMEDICS occasionally runs crowdfunding campaigns to raise funds for specific projects or urgent needs. Crowdfunding platforms provide an accessible way for individuals around the world to contribute to our cause.

Government Grants and Contracts: In some cases, we may receive government grants or contracts for delivering specific services or projects aligned with governmental priorities.

Where our funding comes from

Our organization relies on diverse funding streams to support our mission of providing medical students and medically disadvantaged elderly individuals with essential support and services. Here are some of the key sources from which our funding comes

Individual Donations: One of the primary sources of funding for CHEERMEDICS is individual donations from generous supporters who believe in our cause.
Corporate Sponsorships: We collaborate with corporate partners and sponsors who share our vision of making a positive impact on the lives of medical students and medically disadvantaged elderly individuals.
Grants and Foundations: CHEERMEDICS actively seeks grants from charitable foundations, both local and international, that align with our mission and focus areas. These grants help us fund specific projects and initiatives that directly benefit our target communities.

Our funding policy

We are committed to maintaining transparency, integrity, and accountability in all aspects of our operations, including funding. Our funding policy is based on the following principles:

Diverse Funding Sources: We believe in diversifying our funding sources to reduce reliance on any single donor or funding stream. By securing support from various channels, including individual donations, corporate sponsorships, grants, and fundraising events, we ensure financial stability and independence.
Ethical Practices: We adhere to high ethical standards in all our fundraising activities. Our organization is committed to honesty, fairness, and respect for our donors' intentions and wishes. We will not engage in any practices that compromise the trust and confidence of our supporters.
Donor Privacy and Data Protection: We respect the privacy of our donors and ensure the secure handling of their personal information. Any data collected during the donation process is treated with confidentiality and used only for legitimate purposes in compliance with relevant data protection laws.
Accountability and Transparency: We maintain full transparency in our financial reporting. Our financial statements and records are accessible to donors, stakeholders, and the public. We provide regular updates on how funds are utilized and the impact of our programs to demonstrate accountability.

Effective Resource Allocation: We prioritize effective resource allocation to maximize the impact of every donation. Our organization strives to keep administrative and operational costs minimal, ensuring that the majority of funds go directly to supporting our programs and initiatives.
Avoidance of Conflicts of Interest: Our funding policy ensures that any potential conflicts of interest related to donors or funding sources are identified and managed appropriately. We maintain independence in decision-making to safeguard the integrity of our programs and services.
Long-Term Sustainability: CHEERMED is committed to long-term sustainability. We develop financial plans that consider both short-term needs and long-term goals, ensuring our ability to continue making a positive impact on our beneficiaries' lives.
Continuous Improvement: We continually assess and improve our fundraising strategies and practices. Feedback from donors and stakeholders is valued and used to enhance our fundraising efforts, donor relations, and overall financial management.
Legal Compliance: Our funding policy complies with all applicable laws and regulations governing charitable organizations and fundraising activities in our operating jurisdictions.

Fundraising Efforts: While we strive to keep fundraising costs minimal, a portion of donations is allocated to support our fundraising activities. These efforts help us reach more potential donors, expand our network, and raise awareness about our mission and impact.
Monitoring and Evaluation: Ensuring the effectiveness and impact of our programs is essential. Your donations contribute to monitoring and evaluation efforts, allowing us to measure outcomes, identify areas for improvement, and make data-driven decisions to better serve our beneficiaries.
Advocacy and Awareness: Raising awareness about the challenges faced by medical students and elderly individuals is a crucial aspect of our work. Part of your donations is used to support advocacy campaigns, research publications, and collaborations with policymakers to influence positive change at a systemic level.
Reserve Fund: To maintain financial stability and respond to unforeseen circumstances, we set aside a portion of donations into a reserve fund. This fund serves as a safeguard to continue our mission in challenging times and support emergency initiatives if needed.

How your donations are spent

We deeply appreciate the support of our donors. Your generosity enables us to make a meaningful impact on the lives of medical students and medically disadvantaged elderly individuals. Here's how your donations are spent:

Programs and Services: The majority of your donations go directly towards funding our various programs and services. These initiatives include financial assistance for medical students, mental health support for elderly individuals, empowerment workshops, healthcare access programs, and environmental sustainability initiatives.
Volunteer Engagement: Our volunteers play a crucial role in our organization. A portion of your donations is used to recruit, train, and support our dedicated volunteers. They contribute their time, skills, and expertise to make a positive difference in the lives of those we serve.
Administrative Costs: To ensure the smooth operation of our organization and effective management of programs, we allocate a portion of donations to cover administrative expenses. This includes overhead costs, office supplies, and other necessary expenditures.