Annual reports and accounts
2024
The year 2024 was marked by the development of a new strategic plan for the period up to 2028. It is based on two pillars: (1) Strengthening the educational impact of our social mission with children and their families, continuing to adapt to the situation and needs of each of them, while supporting families towards more autonomy. (2) Preserving our funding model, based on private funds, while strengthening it by seeking to innovate and creating more links with our sponsors and donors. This involves continuing to develop our network of volunteers, who raise these funds, within and around our regional and international branches and relays.
Strengthening the educational impact means ensuring that PSE can offer every child or young person in its care equal opportunities, whether they are enrolled in the remedial center or in one of the 120 public schools around Phnom Penh, Siem Reap, or Sihanoukville. Equal access to different programs: in addition to protection, health, nutrition, schooling, and vocational training, access to English language instruction, which is essential for entering the workforce in large cities; but also academic support for those who are struggling and at risk of dropping out; and sports, and training in behavioral skills that guarantee regained self-confidence and lasting integration into society. Not to mention personalized career guidance programs for children who didn't even know what to dream of. A path that can continue at university, with an increasing number of students expected in 2024.
Complete transparency of our accounts
90% of our expenditure is directed to our social programmes helping the children and their families in Cambodia.
Overheads mainly cover the salaries and expenses of our team at our headquarters in France, as well as a small team in Cambodia responsible for coordinating projects and reporting to donors, transport costs, bank charges, and communication costs. Thanks to the dynamism of the PSE support network, made up of volunteers, fundraising costs are very low.
Our accounts are audited and certified annually by an auditor.
Income and expenditure
99% of our resources come from private donations. Sponsorships, which are regular donations to support the children in our programmes, account for a large proportion of the funding for our actions. They remained stable over the period. Donations and sponsorship grants supplement our resources, particularly for our projects and investments. There was a fall in sponsorship donations over the year - mainly due to smaller projects than in previous years - offset by an increase in unrestricted donations. In addition, the association was the beneficiary of a major property bequest in 2020-2021. A number of bequests and life insurance policies paid to the association have enabled this item to be maintained at a significant level during the 2021-2022 financial year.
In Cambodia, expenditure increased significantly, with our Centres returning to full activity in 2022 after having been closed (like all the schools in Cambodia due to the health crisis) two-thirds of the time during the 2020-2021 financial year. Programme costs are divided between two-thirds for education and training, and one-third for support programmes (nutrition, health, family support, child development and protection, etc.).