Finances in 2019
LWF World Service finances in 2019
We are consolidating the growth in LWF World Service
The organisation’s total income in 2019 amounted to €157.9 million – a 13 percent increase from €139.4 million in the previous year. During 2019, we continued to have a diversified income base, which includes funding from related agencies, member churches, ecumenical partners, government grants and the United Nations agencies.
The Related Organizations provided €36.8 million of the funding (€35.4 million in 2018). The LWF member churches and ecumenical partners generously provided €2.7 million (€2.4 million in 2018). The UN organizations provided €31.8 million (€28.7 million in 2018) towards our work, while €12.6 million (€13.2 million in 2018) came from Government grants. €65.5 million (€49.2 million in 2018) of the income relate to Augusta Victoria Hospital in Jerusalem. €8.4 million came from international organizations, local fundraising and non-project income. Significant thanks is due to all of the donors who have continued to support the work of LWF World Service in the midst of high humanitarian need across the globe.
Our total expenditure for the year was €142.7 million. The expenditure represents a 5 percent increase from the 2018 level of €135.9 million.
Coordination expenditure in Geneva was 4 percent of global expenditure. The expenditure was incurred in the following seven areas: employee expenses, work travel, office space, computer/IT charges, audit and other professional fees, governance/ Committee for World Service and central services allocation.
Disclosure on 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.
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