Qatar Charity’s General Assembly holds its 26th ordinary meeting

The General Assembly of Qatar Charity (QC) held its 26th ordinary meeting under the patronage of its chairperson of the Board Sheikh Hamad bin Nasser bin Jassim Al Thani. The meeting, which was held at Qatar Charity’s headquarters, was also attended by members of the Board of Directors, members of the General Assembly and representatives of the Regulatory Authority for Charitable Activities (RACA).

During the meeting, the General Assembly approved the final account for the fiscal year ended 31 December 2018. The Board of Directors was absolved from the liability for the last year. The members of the General Assembly agreed to authorize the Board of Directors to appoint the Auditor for the fiscal year 2019 and determine its remuneration.

The meeting reviewed the annual report of the Board of Directors on Qatar Charity's performance, financial statements, outcomes of its work for the past year, local achievements and international partnerships, in addition to evaluating performance indicators for all the executive departments of Qatar Charity.

HE Sheikh Hamad Bin Nasser Bin Jassem Al Thani, chairman of the Board of Qatar Charity, said, “Qatar Charity has achieved many achievements at the local and international levels, the organizational level, and at the levels of institution building and administrative development.”

He also out that this has contributed to enhancing Qatar Charity's ability, raising its profile, achieving the aspirations of its members, winning the confidence and trust of institutions and individuals of the country, especially the Ministry of Administrative Development, Labor and Social Affairs, the Ministry of Foreign Affairs, RACA, distinguished donors, and local and international partners.

The financial report for the year 2018 indicated that the volume of revenues amounted to QR 1.581 billion, a growth of 30% compared to 2017 for the same period, which is a good indicator towards achieving the target according to the approved budget.

The amounts paid to implement activities, projects, and sponsorships, as well as operating expenses, reached QR 1.424 billion, a 65 percent growth from the year 2017, which indicates the commitment to implementing projects, meeting the humanitarian needs of the communities most in need, and fulfilling the commitments of donors towards their contributions.

Administrative expenses for the year 2018 amounted to QR 57.9mn, standing at 3.66% of total revenues.

The meeting also reviewed Qatar Charity's most significant achievements during the past year, which included the governance of its work through the completion of all the policies that govern its activities and contribute to the process of achieving the highest level of transparency.

The meeting also reviewed the reporting system established to report any irregularities related to suspected money laundering, in addition to the establishment of an integrated system to combat money laundering and terrorism financing.

The e-link between Qatar Charity Gate and Thomson Reuters’ World Check, awards, and memberships received by Qatar Charity last year 2018 were also reviewed during the meeting.