Finances

LWF World Service finances in 2023

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.

The LWF World Service financial statements consistently show that out of every euro spent, at least 89 cents go directly towards helping the most vulnerable people, the refugees, IDPs, returnees and communities at risk who are at the center of our strategy.

We are consolidating the growth in LWF World Service. Photo: LWF

LWF World Service has a proven track record of using donations efficiently and effectively. We keep administrative costs low with a clear objective of putting more funds on direct program expenses.

We are pleased to report that our funding has remained strong in the year 2023, despite a decrease by 9% compared with 2022 from Euro 170 million in 2022 to Euro 154 million in 2023.

The funds came from the long-term supporters, the Related Agencies and the Lutheran member churches who have traditionally funded the diaconal work of the LWF. Other important funding sources were the United Nations and Government agencies who have consistently supported our humanitarian and development work over the years. Expenditures from received funds were in line with the 2019-2024 strategy.

Disclosure of expenditure classification

In order to provide additional disclosures required by the Swiss ZEWO certification (standard 9 of Zentralstelle für Wohlfahrtsunternehmen), specific schedules have been added to the consolidated financial audit statements. The expenditure classification is based on the overall LWF financial statements for the year ended 31/12/2023 in euros:

LWF World Service Auditor's Report 2023