PCS Stewardship Report Annual 18 final | Page 23

Stewardship Report FY 2017 - 18 S/N Description Code ID Response FINANCIAL MANAGEMENT AND CONTROLS 13 The Board ensures internal control systems for financial matters are in place with documented procedures. 6.1.2 Complied 14 The Board ensures reviews on the charity’s controls, processes, key programmes and events. 6.1.3 Complied 15 The Board approves an annual budget for the charity’s plans and regularly monitors its expenditure. 6.2.1 Complied 16 The charity discloses its reserves policy in the annual report. 6.4.1 Complied 17 Does the charity invest its reserves? No FUNDRAISING PRACTICES 18 Donations collected are properly recorded and promptly deposited by the charity. 7.2.2 Complied 8.1 Complied DISCLOSURE AND TRANSPARENCY 19 The charity makes available to its stakeholders an annual report that includes information on its programmes, activities, audited financial statements, Board members and executive management. 20 Are Board members remunerated for their Board services? No 21 Does the charity employ paid staff? Yes 22 No staff is involved in setting his or her own remuneration. 2.2 Complied 23 The charity discloses in its annual report the annual 8.3 remuneration of its three highest paid staff who each receives remuneration exceeding $100,000, in bands of $100,000. If none of its top three highest paid staff receives more than $100,000 in annual remuneration each, the charity discloses this fact. Complied PUBLIC IMAGE 24 The charity accurately portrays its image to its members, donors and the public. 21 9.1 Complied