The Zakat Foundation™ Bangladesh is a non-profit organization that is dedicated to providing assistance and support to those in need throughout Bangladesh. One of the key ways that the organization communicates its impact is through its annual reports, which detail its activities, achievements, and financial performance over the course of the previous year. In this article, we will examine the Zakat Foundation™ Bangladesh Annual Report for 2011, which provides valuable insights into the organization's operations during that time.
Overview of the Zakat Foundation™ Bangladesh
The Zakat Foundation™ Bangladesh was established in 1993 with the mission of promoting the social welfare and economic development of the country's most vulnerable populations. The organization's activities are guided by the principles of zakat, which is an Islamic practice of giving a portion of one's wealth to those in need. The foundation operates in accordance with the principles of transparency, accountability, and professionalism, and is committed to ensuring that its programs and initiatives have a positive impact on the lives of those it serves.
Key Highlights of the 2011 Annual Report
The Zakat Foundation™ Bangladesh Annual Report for 2011 provides a comprehensive overview of the organization's activities during that year. The report is divided into several sections, each of which highlights a different aspect of the foundation's work. Some of the key highlights from the report include:
Education: In 2011, the Zakat Foundation™ Bangladesh provided educational assistance to over 5,000 students across the country. This included scholarships, tuition fees, and other forms of financial support to help ensure that children from disadvantaged backgrounds had access to quality education.
Healthcare: The foundation also provided healthcare assistance to over 10,000 people in 2011. This included free medical check-ups, treatments, and medicines for those who could not afford them.
Emergency Relief: The Zakat Foundation™ Bangladesh is often called upon to provide emergency relief in the wake of natural disasters and other crises. In 2011, the foundation responded to the devastating floods that affected large parts of the country by providing emergency relief supplies to over 50,000 people.
Livelihood Development: The foundation is also committed to helping people build sustainable livelihoods that can provide them with long-term economic stability. In 2011, the foundation provided training and other support to over 1,000 people to help them start their own businesses or find employment.
Financial Performance
In addition to detailing its activities, the Zakat Foundation™ Bangladesh Annual Report for 2011 also provides an overview of the organization's financial performance during the year. According to the report, the foundation received a total of BDT 172.5 million in donations and grants during 2011. Of this amount, BDT 125 million was spent on program activities, with the remainder going towards administrative and other expenses.
The foundation's financial statements for the year show that it operated with a surplus of BDT 11.7 million, which was largely due to the fact that some programs were implemented at lower costs than anticipated. The report also notes that the foundation's financial management practices are regularly audited by an independent auditor to ensure transparency and accountability.
Conclusion
The Zakat Foundation™ Bangladesh Annual Report for 2011 provides a detailed and comprehensive overview of the organization's activities and achievements during that year. The report highlights the foundation's commitment to providing assistance and support to those in need, and its efforts to promote social welfare and economic development in Bangladesh. The financial performance section of the report also demonstrates the foundation's commitment to transparency and accountability, and its responsible management of donor funds. Overall, the Zakat Foundation™ Bangladesh Annual Report for 2011 provides a valuable insight into the organization's work and impact, and serves as a testament to its dedication to serving the people of Bangladesh