Just a brief update here, following on from the information from SSSK's visit. Below are the words of Suon Socheat, the director of NFC.
Could you please briefly explain the relationship between NFC and Golden Futures and the process involved in allocating the funding?
There was such a great memory before Golden Futures was born. Before startup the foundation, Joseph Bull and another trustee members were the volunteers of NFC. For example, Joseph Bull spent his volunteer service three times in the different following years at the organization. While he served as an English Teacher Volunteer for the children and staff, he was also inviting his family to visit the center with some donations were brought forward. Joseph Bull and the other former British volunteers were known NFC very well, especially fully understood what we were doing for the kids. Thus, when they returned to UK they had to discuss and finally formed The Golden Futures foundation which also supports by their family members, friends and the authority. The main purpose of the foundation is to provide exclusive fund to support the NFC kids to continue at vocational training and University where they need. The kids can also get a small loan to do their small business projects.
Within the great cooperation of the two organizations, NFC responsible on managing the fund (bank account) when it transferred to the local bank account in the country. NFC also responsible to organize and select any candidate that wishes to get support to continue vocational training or University, while Golden Futures responsible on doing fund raising to support the project. In addition, The NFC accountant as well the Director always provide evidence and explain to Golden Futures of every amount (withdrew from Golden Futures account) that being paid for the student's expenses and the related expenses. Moreover, before withdrawing the fund from the Golden Futures account NFC accountant always send a budget and get approval by the trustee of the foundation. We keep doing in this process and believe that we are transparent and accountability to each other.
There was such a great memory before Golden Futures was born. Before startup the foundation, Joseph Bull and another trustee members were the volunteers of NFC. For example, Joseph Bull spent his volunteer service three times in the different following years at the organization. While he served as an English Teacher Volunteer for the children and staff, he was also inviting his family to visit the center with some donations were brought forward. Joseph Bull and the other former British volunteers were known NFC very well, especially fully understood what we were doing for the kids. Thus, when they returned to UK they had to discuss and finally formed The Golden Futures foundation which also supports by their family members, friends and the authority. The main purpose of the foundation is to provide exclusive fund to support the NFC kids to continue at vocational training and University where they need. The kids can also get a small loan to do their small business projects.
Within the great cooperation of the two organizations, NFC responsible on managing the fund (bank account) when it transferred to the local bank account in the country. NFC also responsible to organize and select any candidate that wishes to get support to continue vocational training or University, while Golden Futures responsible on doing fund raising to support the project. In addition, The NFC accountant as well the Director always provide evidence and explain to Golden Futures of every amount (withdrew from Golden Futures account) that being paid for the student's expenses and the related expenses. Moreover, before withdrawing the fund from the Golden Futures account NFC accountant always send a budget and get approval by the trustee of the foundation. We keep doing in this process and believe that we are transparent and accountability to each other.