LWF World Service finances in 2021
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 2021, LWF World Service’s income was 155 million Euros. 89% of the expenditure was allocated to our operations.
During the year, the funding grew by 14% from 136 million Euros in 2020 to 155 million Euros in 2021.
Our total expenditure for the year was €147 million. Coordination expenditure in Geneva was only 4% (€5.8 million) of the global expenditure while 96% (€141.2 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.