To ensure that Riders for Health is managed effectively and operates within common policies and practices, we adhere to the follow regulations:
Riders for Health is an award winning social enterprise, which is registered as a charity in the United Kingdom.
Riders for Health is supported in the United States by Riders for Health II which has 501(c)3 status. Where possible, our country programmes are registered as NGOs with their local authorities. Each of our programmes operates within the local legal and financial frameworks, and also has a governance deed with Riders for Health UK, which confirms common objectives and practices.
As a social enterprise Riders for Health is committed to creating financial sustainability for all of our programmes in the long term. Our programmes are based on a ‘cost recovery’ model, and partners are encouraged to pay for our work on a not-for-profit basis. This ensures the sustainability of the programme for our partners, and the health workers and people in rural communities who rely on reliable transport.
Some of our programmes also use their technical expertise to provide a limited amount of commercial work on a for-profit basis. As a registered charity it is a legal requirement that no surplus can be taken out of the organisation. All of the income generated from this work is used to support our core activities of mobilising health workers so that they can reach people in rural areas, and ensure that health care reaches everyone, everywhere.
Each year Riders for Health must submit a set of audited accounts to the charity commission. Each of our country programmes, along with our office in the USA, and our fundraising branches in Spain and the Netherlands, completes their own financial audits. These accounts are then combined with the accounts from the UK to produce a set of consolidated accounts. Once these accounts have been signed off by our auditors, Buzzacotts, and are adopted by our board of trustees they are submitted to the Charity Commission.
Riders for Health’s financial year runs from 1st January to 31st December. After the consolidation process, our accounts are approved by our auditors in June and adopted by the trustees at our annual general meeting in September. Our accounts can be made available as soon as they have been approved.
To download our latest report and accounts, and accounts from previous years, click here.
In addition to this all of our programmes submit financial accounts to Riders for Health’s office in the UK on a monthly basis as part of our ongoing financial management.
Riders for Health has a board of trustees in the UK, who are responsible for ensuring Riders for Health works towards its objectives set out to the charity commission. The Riders for Health board is made up of 12 members, including its chairman, Joan Ryan. Riders for Health and our board have also established a finance sub-committee that works to support the long term financial sustainability of the organisation.
Riders for Health II, the organisation that supports us in the US, has its own board, and our programmes in Africa are in the process of developing their own boards.
For any more information on the governance of Riders for Health, please email firstname.lastname@example.org.