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Transparency

In order to secure full transparency of both funding and subsequent budget-flow, we disclose all development documents and financial data in an accessible open-source fashion.

All assets go directly to an officially registered CREASION bank-account as per Government of Nepal’s NGO laws - with all subsequent benefits and restrictions. The account is maintained by three signatories whose permission is mandatory for all withdrawals or movements.


  • Legal Status
  • Financial Statement
  • Audit Report

Center for Sustainable Development and Research, Nepal (Creasion) is a Nepali non-governmental and not-for-profit organization legally registered with the appropriate authorities of government of Nepal.

  • Registered with Kathmandu District Administration Office, Ministry of Home Affairs, and Government of Nepal (Registration No. 221 dated 2062/7/9)
  • Registered with Social Welfare Council-the statutory agency mandated by Government of Nepal to oversee the functioning of NGOs and I/NGOs operating in Nepal (Registration No. 31502 dated 2067/10/02)
  •  Registered with Inland Revenue Department, Ministry of Finance, Government of Nepal (Registered on 2010/12/12) Creasion/VFC is an Income-Tax-Exempt organization.

(vide: a letter to this effect by Taxpayers Service Office, Inland Revenue Department, Ministry of Finance dated 2069/04/23, Ref. No.176- 69/70).

Center For Research and Sustainable Development, Nepal

Audited Statement of Financial Position/Balance sheet
(Adapted for Easy Understanding)
Figures in NPR

  F.Y. 2072/2073 FY 2071/2072
Assets    
Fixed Assets 1,516,328.85 139,852.07
     
Current Assets  4,256,478.31  2,717,170.46
     
Total Assets (A)
 5,772,807.16 2,857,022.53
     
Liabilities    
Loan from Executive Member 519,592.24 213,321.75
     
Current Liabilities 1343607.11 184732.04
     
Total Liabilities (B) 1,863,199.35 398,053.79
     
Net Assets (A-B) 3,909,607.81 2,458,968.74
     
Represented by    
Unrestricted Fund Balance 350,491.82 (356,078.44)
Restricted Fund Balance 3,492,734.74 2,815,047.18
Capital Grant Fund 66,381.25  
     
Net assets 3,909,607.81 2,458,968.74

 

Center For Research and Sustainable Development, Nepal

Audited Statement of Activities/Income Expenditure Statement
(Adapted for Easy Understanding)
Figures in NPR

  F.Y. 2072/2073 FY 2071/2072
Income    
Restricted Income 22,735,319.06 4,494,802.26
     
Unrestricted Income 5,943,467.17 172056.5
     
Total Income (A) 28,678,786.23 4,666,858.76
     
Expenditure    
Restricted Program Expenditure 22,057,631.50 1,679,755.08
     
Administrative and General Expenditure 5,236,896.91 543,403.69
     
Total Expenditure (B) 27,294,528.41 2,223,158.77
     
Excess of Income for Expenditure (A-B) 1,384,257.82 2,443,699.99
Represented by    
Restricted Fund Balance 677,687.56 2,815,047.18
Unrestricted Fund Balance 706,570.26 (371,347.19)