WS Finances in 2022
LWF World Service finances in 2022
Holding a Zewo certification since 2019, LWF World Service is committed to handling finances with integrity, accountability and transparency. Donors can trust that their support reaches the communities that are most in need. In 2022, LWF World Service’s income was 170 million Euros. 86% of the expenditure was allocated to our operations.
Income
During the year, the funding grew by 10% from 155 million Euros in 2021 to 170 million Euros in 2022.
Expenditure
Our total expenditure for the year was €170 million. Coordination expenditure in Geneva was only 4% (€6.8 million) of the global expenditure while 96% (€163.2 million) of the expenditure was dedicated to field projects.
Disclosure of expenditure classification
In order to provide additional disclosures required by the Swiss ZEWO certification (Zentralstelle für Wohlfahrtsunternehmen), specific schedules have been added to the consolidated financial audit statements.
Donations and payments
Stewardship
The LWF is committed to responsible and accountable Christian stewardship in managing the funds entrusted to it. Assets are invested according to ethical and social criteria. We pledge accountability in the use of membership fees. We seek unrestricted revenue sources alongside on-going fundraising. We work towards a budget and operational plan that is balanced and sustainable.
Management and Control
The LWF operates in many difficult countries and is exposed to various financial risks that could adversely affect our financial results and performance. Risks are managed through an internal control system as per Swiss regulations.
Help ensure a strong financial future for the LWF.
Our Endowment Fund provides extra support for LWF activities over the long-term.
Photo: LWF/S. Gallay