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The annual financial statement has been prepared in accordance with the Swiss GAAP FER 21 financial reporting guidelines for charitable and social non-profit organisations.
For the statement of accounts, Swiss GAAP FER 21 stipulates that the year-end result is reported after changes in funds. Donations are assigned directly to the fund (allocation to funds are reflected in the income statement). Earmarked or non-earmarked donations contained in the fund will then be used in accordance with Swisscontact’s overall objective to finance project activities (use of funds are reflected in the income statement). This may be done during the year when the donations are allocated, or else in subsequent reporting years.
The cost structure and apportionment of administrative expenses, administrative programme expenses, and direct programme expenses comply with the ZEWO Foundation guidelines.
Income
The project volume increased from kCHF 104,485 last year to kCHF 108,222, mainly due to significant growth in East/Central Africa and Eastern Europe.
Donations and contributions (donations with performance mandates), excluding the federal programme contribution, increased to kCHF 17’624 in the reporting year (previous year: kCHF 14,615), due to higher donations from private donors.
In addition to project-related donations/contributions, kCHF 169 in free donations were recorded (previous year: kCHF 120). A total of kCHF 169 was utilized, leaving the free donation fund unchanged compared to the previous year (CHF 1,732).
Expenses
The expenses for communication and fundraising in 2024 amount to kCHF 1’006 (previous year: kCHF 848). In relation to total expenses, this amounts to 1% (previous year: 0.9%). Expenses have risen due to the increased focus on collaboration with the private sector as part of the strategy adjustment.
The administration's share of total expenditure increased slightly in 2024, reaching 5.5%, compared to 5.4% in the previous year.
Organisational capital
The consolidated financial statements of Swisscontact close with a profit of kCHF 1’303 (previous year: profit of kCHF 791). With the currency translation effect of kCHF 9 (previous year: kCHF 12), the organisational capital amounts to kCHF 17’452 (previous year: kCHF 16’140).