Make a donation
Media > News > Annual report and financial statements


Latest posts

Latest tweets

Annual report and financial statements

Published on 14.01.2022 at 12:59

The responsibility for the integrity of the financial information included in the annual reports and financial statements rests with the Executive Board. The opinions on financial statements are included. As a non-profit organisation, we have high standards of ethical financial reporting supported by our core values. An attention is given to a constant track on how funds are used, to ensure that the adequate and unbiased reporting standards are attained. Our procedure provides reasonable assurance that operations are conducted in conformity with applicable rules as set out by donors in grant agreements.


The Executive Board pursues its responsibility for quality financial reporting which primarily acts as an audit committee, to ensure that our responsibility to ethical internal budget control and financial reporting are met. In our opinion, the organisation maintains, in all material respects, effective internal control over financial reporting based on the Executive Board assessment of and its conclusion on the internal control over funds. Each annual financial reporting includes the budget acquired as final payments for the projects completed in the previous year, which are included in current financial statements and represented in % of total cash flow as of December 31 of the reporting year. 


The balance sheets, related statements of income, and cash flows for the period ended December 31 of the reporting year, and related notes expressed our qualified opinion. The Executive Board’s assessment on the internal control over financial reporting is presented. Its responsibility is to express an opinion on the organisation’s internal control over financial reporting based on an internal audit. Under most grant agreements we are not required to use external auditors. If an external auditor is required, the requirement is set out in the grant agreement, and this can be done by project. We thus believe that our audit provides a reasonable basis for our opinion. Go to the report

Follow us

Latest News

Withdrawing from a project, how we make our assessment

  • Jul 26th, 2022
  • |
  • News

  • Art transfusion, a test lesson within the project framework

  • Jul 21st, 2022
  • |
  • News

  • Latest Events

    Youth health literacy project, kick off meeting

  • Aug 1st, 2022
  • |
  • Events

  • Cultural transfusion project, partner meeting

  • Jun 8th, 2022
  • |
  • Events

  • Open Educational Resources

    Integrated rights-based approach

    Integrated rights-based approach Jan 7th, 2022Modules

    Approaching Internalised Racism

    Approaching Internalised Racism Feb 21st, 2022Publications

    Menstrual knowledge assessment

    Menstrual knowledge assessment Mar 11th, 2021Assessment tools

    Knowledge Assessment Tool

    Knowledge Assessment Tool Feb 5th, 2022Dissemination materials

    Pathways to gender-based violence prevention

    Pathways to gender-based violence prevention Jan 4th, 2021Training courses

    What is internalised racism

    What is internalised racism Mar 16th, 2022Videos

    Learning App

    Digital-based training tool May 24th, 2020Training App

    Learning App

    Youth Health Literacy June 16th, 2022Learning platform

    So many  reasons   to commit.

  • So many   ways   to contribute.







    Org. nr.:  995-456-575  | Oslo - Norway
    * Tel: 0047- 969-51-953 * E-mail: info@terrampacis.org