. г--- � �---� г--� i -� �F ё:л 1 11 Ё;� �� е�� 1��. ,i � SAVE THE CHILDREN INTERNATIONAL AND WORLD VISION INTERNATIONAL Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1 514 and TFOAI 513 Financial Statements for the period from 20 November 2015 to 31 December 2016 and Report of the Independent Auditors 'MINI BY- Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1514 and TFOA1513 Project Information Co-Recipients Save the Children International World Vision International Sub-Recipients Phnom Srey Organisation for Development ("PSOD") Woman Organisation for Modem Economy and Nursing ('Woman") WathanakPheap ("WP") Donor Japan Social Development Fund Fund Administrator International Development Association ("World Bank") Management Team Save the Children International: Mot Sana Director Program Implementation Tun Youheang Senior Project Manager Put Sopheak Child Rights Governance Advisor lek Thong Finance Manager. Koeu Linna Finance Coordinator Represent World Vision International: Leng Vireak Association Director for Operation Project Ry Sothearith Senior Project Manager Principal Bankers Acleda Bank Plc Auditors KPMG Cambodia Ltd Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1514 and TFOA1513 Contents Page 1 Statement by the management 1 2 Report of the independent auditors 2 3 Statement of financial position 5 4 Statement of sources and uses of funds 6 5 Statement of designated accounts 8 6 Notes to the financial statements 10 Save the Children World Visbon Statement by the management We, the undersigned, on behalf of the Management of Save the Children International and World Vision International ("the Co-Recipients"), do hereby state that the accompanying financial statements which comprise the statement of financial position as at 31 December 2016 and the statement of sources and uses of funds for the period from 20 November 2015 to 31 December 2016, as set out on pages 5 to 21 of Voice and Action: Social Accountability for Improved Service Delivery Project ("the Project") funded by the Japan Social Development Fund JSDF Grant No. TF0A1514 and TF0A1513 ("the Donor") through the International Development Association ("World Bank" or "the Administrator"), are prepared, in all material respects, in accordance with the basis of accounting and the accounting policies described in Note 2 to the financial statements. On behalf of the Project's management: Mrs. Elizabeth Pearce 01 Country Director Director Save the Children Intemational World Vision Intemational Phnom Penh, Kingdom of Cambodia Date: KPMG Cambodia Ltd 4" Floor, Delano Center No. 144, Street 169, Sangkat Veal Vong Khan 7 Makara, Phnom Penh Kingdom of Cambodia +855 23 216 899 | kpmg.com.kh Report of the independent auditors To the Donor Opinion We have audited the accompanying financial statements of the Voice and Action: Social Accountability for Improved Service Delivery Project ("the Project"), funded by Japan Social Development Fund JSDF Grant No. TF0A1514 and TFOA1513 ("the Donor") through the International Development Association ("World Bank" or "the Administrator"), and implemented by the Save the Children International and World Vision International ("the Co-Recipients"), which comprise the statement of financial position as at 31 December 2016, the statements of sources and uses of funds and designated accounts for the period from 20 November 2015 to 31 December 2016, and notes, comprising significant accounting policies and other explanatory information as set out on pages 5 to 21. In our opinion, the accompanying financial statements are prepared, in all material respects, in accordance with the basis of accounting and the accounting policies described in Note 2 to the financial statements. Basis for Opinion We conducted our audit in accordance with Cambodian International Standards on Auditing (CISAs). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Project in accordance with the ethical requirements that are relevant to our audit of the statement in Cambodia, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. KMNIG Camnlbodl Ltd, Cailbodan kimited hobility company and a m mber inr of thle KP1MG network of independent roember tmns ffliated wmth KIPMG Iuternational Coopemative ('KPMG International), a 2 Swiss entity DJOCAMIktlot KIINIGdlfl GlAl oniifuiol Emphasis of Matter - Basis of Accounting and Restriction on Use We draw attention to Note 2 to the financial statements, which describes the basis of accounting and the accounting policies adopted by the Project. The financial statements are prepared for the information of and use by the Donor and management of the Project. As a result, the financial statements may not be suitable for another purpose. Our audit report is intended solely for the Donor and management of the Project and should not be used by or distributed to other parties other than the Donor of the Project. Our opinion is not modified in respect of this matter. Responsibilities of Management and Those Charged with Governance for the Financial Statements Management is responsible for the preparation of the financial statements in accordance with the basis of accounting and the accounting policies described in Note 2 to the financial statements, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatements, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Co- Recipients' ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to cease operations or has no realistic alternative but to do so. Those charged with govemance are responsible for overseeing the Project's financial reporting process. Auditors' Responsibility for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with CISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with CISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: * Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. * Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Project's internal control. 3 * Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. * Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Co-Recipients' ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the Co-Recipients to cease to continue as a going concern. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. For KPMG Cambodia Ltd Nge Huy Partner Phnom Penh, Kingdom of Cambodia 27 June 2017 4 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1 514 and TFOA1 513 Statement of financial position As at 31 December 2016 As at 31 December 2016 TF0A1514 TFOA1513 Total Note US$ US$ US$ Current assets Cash and bank balances 3 372,555 84,476 457,031 Advances 4 7,612 - 7,612 380,167 84,476 464,643 Current liabilities Account payables 5 (42,430) (64,037) (106,467) 337,737 20,439 358,176 Represented by: Fund balance at end of the period 337,737 20,439 358,176 The accompanying notes form an integral part of these financial statements. 5 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1 514 and TFOA1 513 Statement of sources and uses of funds for the period from 20 November 2015 to 31 December 2016 Period from 20 November 2015 to Cumulative for the period 31 December 2016 from 20 November 2015 to TF0A1514 TFOA1513 Total 31 December 2016 Note US$ US$ US$ US$ Receipts Word Bank 12 983,943 375,209 1,359,152 1,359,152 Interest income 698 99 797 797 984,641 375,308 1,359,949 1,359,949 Expenditure by categories Goods 7 52,142 19,365 71,507 71,507 Consultants' services 8 112,144 22,501 134,645 134,645 Trainings and Workshops 9 133,829 292,271 426,100 426,100 Operating costs 10 51,251 20,732 71,983 71,983 Sub-grants 11 297,538 - 297,538 297,538 646,904 354,869 1,001,773 1,001,773 Excess of sources of funds over expenditure/ Fund balance at the end of the period 337,737 20,439 358,176 358,176 6 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1 514 and TFOA1513 Statement of sources and uses of funds (continued) for the period from 20 November 2015 to 31 December 2016 Period from 20 November 2015 to Cumulative for the period 31 December 2016 from 20 November 2015 to TF0A1514 TFOA1513 Total 31 December 2016 Note US$ US$ US$ US$ Expenditure by components 6 Access to information and open budget 433,450 288,322 721,772 721,772 Capacity building and facilitation 152,679 22,301 174,980 174,980 Project management, monitoring and evaluation, and knowledge dissemination 60,775 44,246 105,021 105,021 646,904 354,869 1,001,773 1,001,773 The accompanying notes form an integral part of these financial statements. 7 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1 514 and TFOAI 513 Statement of designated accounts for the period from 20 November 2015 to 31 December 2016 Period from 20 November 2015 to Cumulative for the period 31 December 2016 from 20 November 2015 to TF0A1514 TFOA1513 Total 31 December 2016 Note US$ US$ US$ US$ Sources of funds Fund received during the year 12 983,943 375,209 1,359,152 1,359,152 Interest income 698 99 797 797 984,641 375,308 1,359,949 1,359,949 Expenditure by categories Goods 7 52,142 19,365 71,507 71,507 Consultants' services 8 112,144 22,501 134,645 134,645 Trainings and Workshops 9 133,829 292,271 426,100 426,100 Operating costs 10 51,251 20,732 71,983 71,983 Sub-grants 11 297,538 - 297,538 297,538 646,904 354,869 1,001,773 1,001,773 Excess of sources of funds over expenditure 337,737 20,439 358,176 358,176 The accompanying notes form an integral part of these financial statements. 8 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1 514 and TFOA1 513 Statement of designated accounts (continued) for the period from 20 November 2015 to 31 December 2016 Period from 20 November 2015 to Cumulative for the period 31 December 2016 from 20 November 2015 to TFOA1514 TF0A1513 Total 31 December 2016 Note US$ US$ US$ US$ Represented by Cash and bank balances 3 372,555 84,476 457,031 457,031 Advance payment 4 7,612 - 7,612 7,612 Account payables 5 (42,430) (64,037) (106,467) (106,467) 337,737 20,439 358,176 358,176 The accompanying notes form an integral part of these financial statements. 9 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1 514 and TFOA1 513 Notes to the financial statements for the period from 20 November 2015 to 31 December 2016 These notes form an integral part of, and should be read in conjunction with, the accompanying financial statements. 1 . Background and activities On 20 November 2015, the International Development Association (' the World Bank") acting as an administrator of grant funded by Japan ("the Donor") under the Japan Social Development Fund and Save the Children International and World Vision Intemational (each individually, "Co-Recipient" and collectively, "Co-Recipients") entered into a Funding Agreement covering the period from 20 November 2015 to 31 December 2018 to support the improvement of service delivery in schools, health centers, and communes for rural households in selected districts in Cambodia. The Project's objectives comprise: * Part A - Access to Information and Budgets; Citizen Monitoring: Carrying out of a program of activities, including through the provision of Sub-grants, designed to improve citizen access to, and monitoring of, information and budget on education, health and commune services and functions in selected districts, including: (i) promoting citizens' understanding and use of local information sets and budget literacy in relation to communes, health centers and schools; (ii) carrying out a facilitated process of participatory citizen monitoring on the operation of communes, health centers and schools, to be undertaken through a community scorecard process; and (iii) action planning among local communities, district councillors, service providers and line ministry officials through the development and dissemination of results and joint accountability action plans. * Part B - Capacity Building and Facilitation: Carrying out a program of activities, including through the provision of Sub-grants, designed to strengthen the capacity of stakeholders involved in the implementation of Part I of the Project to support and implement processes of social accountability in selected districts, including: (i) developing a cadre of trained local community accountability facilitators; (ii) building the capacity of local civil society partners to mentor and coach the community facilitators to carry out the planned information, budget, citizen monitoring and action-planning activities; and (iii) providing a platform and defined process and guidelines for ongoing dialogue between government service providers and citizens, mediated by commune councils, local civil society organisations and community facilitators. 10 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1514 and TFOA1513 Notes to the financial statements (continued) for the period from 20 November 2015 to 31 December 2016 1. Background and activities (continued) Part C - Project Management, Monitoring, Evaluation, and Knowledge Dissemination: Provision of technical and operational assistance for: (i) the coordination, administration, financial management, procurement, and social safeguard management of the Project; and (ii) the monitoring, evaluation, knowledge dissemination and audit of the Project. The table below sets forth the categories Eligible Expenditures that may be financed out of the proceeds of the Grant ("Category"), the allocations of the amounts of the Grant to each Co-Recipient under each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each category: Amount of Grant No. Amount of Percentage TFOA1 514 Grant No. of Allocated to TFOA1 513 Expenditure No. Expenditure categories Save the Allocated to to be Children World Vision Financed International International (inclusive of US$ US$ Taxes) 1 Goods 78,125 62,736 100% 2 Consultants' services 591,450 396,787 100% 3 Trainings and Workshops 551,658 1,069,444 100% 4 Operating Costs 299,335 192,270 100% 5 Sub-grants 1,379,432 278,763 100% of amounts disbursed Total 2,900,000 2,000,000 100% 2. Significant accounting policies The following significant accounting policies have been adopted by the Project in the preparation of the financial statements. Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1514 and TFOA1513 Notes to the financial statements (continued) for the period from 20 November 2015 to 31 December 2016 2. Significant accounting policies (continued) (a) Basis of accounting The financial statements, which are expressed in United States Dollars ("US$"), have been prepared in accordance with a modified cash receipts and disbursements basis of accounting. This is a basis of accounting that is designed to meet the requirements of the Project; it is not designed to produce financial statements that are compatible with Intemational Financial Reporting Standards. Under this basis of accounting, income is recognised when funds are received in cash and expenditure is recognised when payments are made rather than when it is incurred, except for the advanced payments made to implementing partners that are initially recognised as receivables and only recognised as payments when they have been liquidated by supporting document of payments and account payables are recorded in the balance sheet until it is settled. (b) Statement of designated accounts The statement of designated accounts is prepared in accordance with the financing agreement and is purely used to receive and disburse for expenditure funded by JSDF through World Bank. (c) Non-expendable equipment The cost of non-expendable equipment is charged to the statement of receipts and expenditure upon acquisition. For control and management purposes, a memorandum account for non- expendable equipment is maintained by way of a non-expendable equipment listing. (d) Foreign currency transactions The Project executes transactions and maintains its accounting records primarily in United States Dollars ("US$"). Transactions in currencies other than US$ are converted into US$ at the rates of exchange prevailing on the transaction dates. Cash and bank balances in currencies other than US$ are translated into US$ at the open market rates of exchange at the period ended date. All foreign exchange differences are recognised in the statement of receipts and expenditure. 3. Cash and bank balances As at 31 December 2016 TFOA1514 TFOA1513 Total US$ US$ US$ Cash at banks 372,555 84,476 457,031 12 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1 514 and TFOA1 513 Notes to the financial statements (continued) for the period from 20 November 2015 to 31 December 2016 4. Advances These represents the advances which were paid to Implementing Partners for which the details are as follows: As at 31 December 2016 TF0A1514 TF0A1513 Total US$ US$ US$ Women Organisation for Modem Economy and Nursing (WOMEN) 2,691 - 2,691 WathanakPheap 4,921 - 4,921 7,612 - 7,612 5. Account payables As at 31 December 2016 TF0A1514 TF0A1513 Total US$ US$ US$ Co-Recipients (*) 36,691 64,037 100,728 Phnom Srey Organisation for Development (") 5,739 - 5,739 42,430 64,037 106,467 (*) These represent amounts due to Save the Children International and World Vision International ('the Co-Recipients") for the payment on behalf of the Project's cost. These amounts were settled on 25 January 2017 and 27 February 2017 respectively. (**) This refers to amount to be reimbursed to Phnom Srey Organisation for Development, the implementing partner, for the overspending against the advance payment. 13 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOAI 514 and TFOA1 513 Notes to the financial statements (continued) for the period from 20 November 2015 to 31 December 2016 6. Expenditure by components Period from 20 November 2015 to Cumulative for the period 31 December 2016 from 20 November 2015 to TF0A1514 TFOA1513 Total 31 December 2016 US$ US$ US$ US$ Access to Information and Budgets, Citizen Monitoring Access to Information and Open Budgets 177,484 106,053 283,537 283,537 Citizen Monitoring 255,966 182,269 438,235 438,235 Sub-total 433,450 288,322 721,772 721,772 Capacity Building and Facilitation Build staff capacity of the Co-Recipients to implement the Social Accountability Framework processes 6,358 7,551 13,909 13,909 Contract and build staff capacity of training Local Non-Government Organisation partners 118,946 7,254 126,200 126,200 Identify and engage strategic CBO partners in each commune 6,983 1,395 8,378 8,378 Conduct a inception meeting with key stakeholders 11,354 1,721 13,075 13,075 Select, mobilise, train and mentor Community Accountability Facilitators 9,038 4,380 13,418 13,418 Sub-total 152,679 22,301 174,980 174,980 14 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1514 and TFOA1 513 Notes to the financial statements (continued) for the period from 20 November 2015 to 31 December 2016 6. Expenditure by components (continued) Period from 20 November 2015 to Cumulative for the period 31 December 2016 from 20 November 2015 to TFOA1514 TF0A1513 Total 31 December 2016 US$ US$ US$ US$ Project Management Monitoring and Evaluation, and Knowledge Dissemination Project management 30,682 - 30,682 30,682 Monitoring and evaluation 30,093 44,246 74,339 74,339 Sub-total 60,775 44,246 105,021 105,021 Total 646,904 354,869 1,001,773 1,001,773 15 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1 514 and TF0AI 513 Notes to the financial statements (continued) for the period from 20 November 2015 to 31 December 2016 7. Goods Period from 20 November 2015 to Cumulative for the period 31 December 2016 from 20 November 2015 to TFOA1514 TF0A1513 Total 31 December 2016 US$ US$ US$ US$ Computer equipment 28,015 12,920 40,935 40,935 Office furniture and equipment 5,222 - 5,222 5,222 Hard Disk - 297 297 297 Camera - 5,005 5,005 5,005 Motorbikes 9,890 - 9,890 9,890 Software 736 - 736 736 Others 8,279 1,143 9,422 9,422 52,142 19,365 71,507 71,507 16 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1514 and TFOA1513 Notes to the financial statements (continued) for the period from 20 November 2015 to 31 December 2016 8. Consultants' services Period from 20 November 2015 to Cumulative for the period 31 December 2016 from 20 November 2015 to TFOA1514 TFOA1513 Total 31 December 2016 US$ US$ US$ US$ Project Coordinators 57,044 12,379 69,423 69,423 Project Manager 23,100 - 23,100 23,100 Monitoring and Technical Coordinator 21,377 6,006 27,383 27,383 Administration and Finance Assistant 10,623 4,116 14,739 14,739 112,144 22,501 134,645 134,645 9. Training and Workshops Period from 20 November 2015 to Cumulative for the period 31 December 2016 from 20 November2015 to TFOA1514 TFOA1513 Total 31 December2016 US$ US$USU$ Access to Information and Budgets, Citizen Monitoring 83,956 238,729 322,685 322,685 Facilitation and Capacity Building 33,354 18,360 51,714 51,714 Project Management, Monitoring and Evaluation, and knowledge dissemination 16,519 35,182 51,701 51,701 133,829 292,271 426,100 426,100 17 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1 514 and TFOA1 513 Notes to the financial statements (continued) for the period from 20 November 2015 to 31 December 2016 10. Operating costs Period from 20 November 2015 to Cumulative for the period 31 December 2016 from 20 November 2015 to TF0A1514 TFOA1513 Total 31 December 2016 US$ US$ US$ US$ Access to Information and Budgets, Citizen Monitoring 12,884 11,472 24,356 24,356 Facilitation and Capacity Building 16,944 142 17,086 17,086 Project Management, Monitoring and Evaluation, and knowledge dissemination 21,423 9,118 30,541 30,541 51,251 20,732 71,983 71,983 11. Sub-grants Period from 20 November 2015 to Cumulative for the period 31 December 2016 from 20 November 2015 to TFOA1514 TFOA1513 Total 31 December 2016 US$ US$ US$ US$ Phnom Srey Organisation for Development ("PSOD") 94,703 - 94,703 94,703 Woman Organisation for Modem Economy and Nursing ('Woman") 105,747 - 105,747 105,747 WathanakPheap ("WP") 94,133 - 94,133 94,133 Racha Organisation 2,955 - 2,955 2,955 297,538 - 297,538 297,538 18 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1 514 and TFOA1 513 Notes to the financial statements (continued) for the period from 20 November 2015 to 31 December 2016 12. Designated accounts and withdrawal applications 12.1. Statement of designated accounts As at 31 December 2016 TF0A1514 TF0A1513 Total US$ US$ US$ Balance as at 20 November 2015 - - - Add: - Total amount advanced from World Bank during the period 983,943 375,209 1,359,152 - Interest income 698 99 797 Less: - Total amount withdrawn for expenditures during the period (646,904) (354,869) (1,001,773) Balance as at 31 December 2016 337,737 20,439 358,176 12.2. Reconciliations of designated accounts As at 31 December 2016 TF0A1514 TF0A1513 Total US$ US$ US$ Total advanced by World Bank 983,943 375,209 1,359,152 Amount advanced to the designated accounts 983,943 375,209 1,359,152 Balance at designated accounts at end of the period 372,555 84,476 457,031 Add: - Amount claimed and replenished during the period 483,943 140,566 624,509 - Amount withdrawn but not yet claimed 128,143 150,266 278,409 612,086 290,832 902,918 Less: - Interest earned 698 99 797 Total advanced to designated accounts 983,943 375,209 1,359,152 19 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TFOA1514 and TFOA1513 Notes to the financial statements (continued) for the period from 20 November 2015 to 31 December 2016 12. Designated accounts and withdrawal applications (continued) 12.3. Summary of withdrawal applications Withdrawal Application Category Consultants' Training and Operating Sub- No. Date Currency Goods sltans Woing and grants Advance Total Save the Children International SCl 15-Feb-16 USD - - 300,000 300,000 SC14 11-Jul-16 USD - - - - - 200,000 200,000 WA-SCI5 2-Aug-16 USD 39,073 21,588 46,432 5,948 109,620 - 222,661 WA-SC12 and 5-Oct-16 USD 12,354 21,513 10,121 6,498 - - 50,486 WA-SC13 WA-SCI7 9-Dec-16 USD 85 33,459 49,314 17,792 110,146 - 210,796 Sub total 51,512 76,560 105,867 30,238 219,766 500,000 983,943 World Vision International TFOA1513 12-Feb-16 USD - - - - - 234,643 234,643 ADA001 05-Jul-16 USD 19,360 588 114,943 5,675 - - 140,566 Sub total 19,360 588 114,943 5,675 - 234,643 375,209 Total 70,872 77,148 220,810 35,913 219,766 734,643 1,359,152 20 Save the Children International and World Vision International Voice and Action: Social Accountability for Improved Service Delivery Project JSDF Grant No. TF0A1 514 and TFOA1 513 Notes to the financial statements (continued) for the period from 20 November 2015 to 31 December 2016 13. Commitments As at 31 December 2016, the Project had the following commitments: TFOA1514 TFOA1513 Total US$ US$ US$ Contracted, but not yet paid: - Racha Organization 6,894 - 6,894 - Angkor Research and Consulting Ltd 129,135 - 129,135 - KPMG Cambodia Ltd. 14,250 14,250 28,500 150,279 14,250 164,529 14. Comparative figures There are no comparative figures as this is the first set of financial statements prepared since the commencement of the Project. 21