International aid agencies such as Oxfam and Christian Aid do vital work and are successful in raising fund, Wyman told members of the ICAEW’s charity and voluntary sector group, in his unprecedented appeal.
However, they lack the financial knowledge and management skills, he argued, to ensure that every pound of donation reaches the problem areas where help is needed. As a result,’millions’ of donation money is wasted.
Mango provides finance and management training to aid agency staff, places volunteering accountants in the field and publishes accountancy guidelines.
Wyman appealed to members to either make individual donations or encourage their firms to join Mango’s corporate membership plan. ‘It is not the institute’s role to spend money on charity – but it can be a member’s choice,’ Wyman said.
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