Finance

In 2024, the consolidated income was EUR 152 million, reflecting an 8% decline compared to the previous year. The reduction is primarily attributable to a continued downward trend in funding for humanitarian activities, a challenge that is faced across the entire sector.

Unrestricted income for the year predominantly came from membership fees from LWF’s member churches. Programmatic funding was received from a diverse range of partners, including church related agencies, ecumenical partners, private donors as well as United Nations agencies, most notably the UNHCR, and the governments of the European Union, and the United States of America. The diversified donor base remains essential to supporting the LWF’s global work.

Session on finances, budget and Endowment Fund during the LWF Council 2022 in Geneva. Photo: LWF/S. Gallay

Total operating expenditure for 2024 was EUR 151 million. Of this amount, 93% was dedicated to humanitarian and development responses, underscoring LWF’s commitment to addressing human needs, sharing hope and making a positive difference in the world.

The consolidated financial statements are audited by Pricewaterhouse Coopers Switzerland and are prepared in accordance with International Financial Reporting Standards (IFRS) and applicable Swiss regulatory requirements. Compliance with internationally recognized standards upholds LWF’s commitment to financial integrity, transparency and accountability.

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.

Auditor's Report 2024 - Summary