Our commitment
Udruženje žena „Ustikolina“ (MPBK: RI12015) keeps single-entry accounting records for all income and expenditure, supported by numbered receipts, bank statements and signed distribution lists. Records are maintained by an external licensed bookkeeper and reviewed by our Supervisory Board, which reports independently to the Assembly.
Any member, donor, partner or journalist may inspect our annual report and supporting documentation at the registered office by appointment. We answer written questions about our finances within ten working days.
Sources of income (2025)
- Craft sales and market income — 34%
- Project grants (municipal, cantonal and international donors) — 28%
- Individual donations, including diaspora giving — 21%
- Local business sponsorship and material donations valued at cost — 11%
- Membership fees — 6%
How funds were spent (2025)
Board members serve without remuneration. No member of the Management Board or Supervisory Board received any payment, benefit in kind or reimbursement beyond documented travel costs during the reporting period.
- Direct payments to craftswomen for goods sold — 31%
- Programme delivery: materials, instructors, honoraria, transport of participants — 39%
- Health and social support activities, including psychologist fees and emergency assistance — 14%
- Premises, utilities and workshop equipment maintenance — 9%
- Administration, bookkeeping and bank charges — 7%
Stewardship principles
- Restricted donations are held in a separate ledger line and spent only on the stated purpose.
- No single supplier contract above 2,000 KM is awarded without three comparative quotations recorded in the file.
- Emergency material assistance is distributed against a signed list, retained for audit.
- Cash handling is limited to market days and reconciled the same evening by two people.
- We decline funding that would require us to compromise our independence, our safeguarding standards or the confidentiality of participants.
Annual reporting cycle
- December: books closed and inventory of workshop materials taken.
- January: draft financial and programme report prepared; Supervisory Board review.
- February: report presented to and adopted by the Assembly of members.
- March: statutory submissions filed with the competent authorities; donor reports issued.
- On request at any time: individual donor reporting on the use of a specific gift.
External audit
The Supervisory Board may commission an independent audit at any time, and does so automatically in any year in which total income exceeds the threshold set in our statute or where a donor requires it as a condition of funding. Audit findings are presented to the Assembly in full, including any recommendations and the timetable for implementing them.
Requesting documents
Write to guerrero-jcp@gmx.com or call +387 61 063 848 to request the full annual stewardship report, a specific donation confirmation, or an appointment to inspect our records at Kralja Tvrtka 36, Tešanj 74260, Bosnia & Herzegovina.