General Financial Situation
Fondation Hirondelle saw its volume increase by 7% compared with 2020, with an overall realized volume of CHF14.5 million. As in 2020, Fondation Hirondelle posted a positive result, of approximately CHF491,000. The increase in volume is due largely to a higher volume of activities in the CAR and Niger.
90% of the Fondation’s expenses are devoted to our field projects and special operations (media education masterclasses, research projects etc.).
Management expenses (Finance, HR, IT etc.) represent 8% of expenses, while communication and fundraising represent 2%. It should be noted that Fondation Hirondelle obtained a Zewo certification in 2019; all the 2021 accounts and indicators below therefore follow the presentation requested by Zewo.
An independent auditor has certified that the financial statements summarized below give a true and fair view of Fondation Hirondelle’s financial position. The complete report on the 2021 annual accounts is available on our website www.hirondelle.org.
Human Resources
At the end of 2021, Fondation Hirondelle employed 246 professionals worldwide (283 in 2020). The number of national staff working for the Fondation decreased to 208 (245 in 2020), and the number of expatriates on long-term or fixed-term contracts was 10 at the end of 2021 (13 expatriates in 2020). In addition to these employees there are 199 interns and correspondents (227 in 2020), supported by 23 expert missions to the field (9 missions in 2020). The size of the headquarters office has remained relatively stable. As of December 31, it had 10 staff occupying the equivalent of 8.3 full-time positions for direct project monitoring, and 18 staff members (FTE 15) engaged in management, transversal support and support functions. Fondation Hirondelle is also training an apprentice and was able to benefit throughout 2021 from the help of civilists/interns (FTE 0.5).
Project Expenditure
2021 projects | in CHF |
---|---|
COVID- 19 | 3 089 816 |
CAR | 2 719 426 |
Niger | 1 901 108 |
Mali | 1 836 763 |
Headquarters | 1 464 083 |
Burkina Faso | 1 199 458 |
DRC | 604 836 |
Madagascar | 478 417 |
Transitional Justice | 411 094 |
Myanmar | 284 876 |
Bangladesh | 216 411 |
Burundi | 107 310 |
New projects | 74 228 |
Research | 64 083 |
Tunisia | 50 329 |
Media education | 4 245 |
TOTAL | 14 506 483 |
Financial Resources
Sources of revenue | in CHF | in % |
---|---|---|
Public funding | ||
Switzerland | ||
Mandates/Projects Contributions (SDC) | 1 832 038 | 12,1% |
Programme Contribution SDC (IP) | 2 996 896 | 19,7% |
FEDEVACO | 68 709 | 0,5% |
Other | ||
United Nations agencies (UNICEF, UNPD, ...) | 688 752 | 4,0% |
Denmark (FAMOC) | 139 621 | 0,9% |
Netherlands | 47 250 | 0,3% |
United Kingdom (FCDO, UKCSS) | 243 364 | 1,6% |
Sweden | 1 581 830 | 10,4% |
Czech republic | 168 587 | 1,1% |
Germany (GIZ) | 6 572 | 0,0% |
European Union | 4 549 345 | 29,9% |
12 322 964 | 81,1% | |
Private funding | ||
Switzerland | ||
Chaîne du Bonheur | 408 351 | 2,7% |
Loterie Romande | 51 100 | 0,3% |
RTS Partnership | 75 000 | 0,5% |
Private Foundations | 253 882 | 1,7% |
Private Donors | 168 460 | 1,1% |
Other | ||
Other donors | 1 086 445 | 7,2% |
2 043 238 | 13,4% | |
Other products | ||
Products from services provided | 828 310 | 5,5% |
828 310 | 5,5% | |
TOTAL INCOME | 15 194 512 |
Foundations & Corporate Donors
We wish to thank the following for their support in 2021: Fondation E. Balzan, Fondation Alfred & Eugénie Baur, Fondation Helvétique de Bienfaisance, Fondation Pierre et Claude Chessex, Genassurances SA, Loterie Romande, Fondation Karl Popper, Migros Vaud, Fondation Nicolas Puech, Stiftung Temperatio.
Summary of Fondation Hirondelle Accounts
The overall presentation of Fondation Hirondelle accounts meets the requirements of the Swiss norms GAAP RPC and GAAP RPC 21. This presentation gives a true and fair view of the financial situation and in-come of the organization. The accounts comply with Swiss law and the Fondation’s statutes. The summary of accounts is based on the annual accounts as of December 31, 2021, which have been prepared in accordance with the above-mentioned principles.
Balance Sheet as of December 31
2021 | 2020 | |
---|---|---|
ASSETS Current assets | ||
Liquid assets | 3 884 079 | 5 306 906 |
Credits | 169 417 | 109 180 |
Funding to be received | 1 245 358 | 1 148 105 |
Other receivables | 217 672 | 627 585 |
Accruals and deferred income | 226 265 | 84 295 |
5 742 791 | 7 276 071 | |
Intangible assets | ||
Financial assets | 354 250 | 91 705 |
Fixed assets | 25 534 | 51 025 |
TOTAL ASSETS | 6 122 575 | 7 418 801 |
LIABILITIES Short-term liabilities | ||
Short-term debts | 631 163 | 760 302 |
Funding received in advance | 2 377 137 | 4 123 752 |
Accrual and deferred income | 207 043 | 208 501 |
Various loans | 387 | 374 |
3 215 730 | 5 092 929 | |
Long-term liabilities | ||
Provision for legal contingencies | 132 308 | 69 447 |
Provision for termination of staff contracts | 56 589 | 52 518 |
188 897 | 121 965 | |
Allocated funds | ||
Initiative Fund | 216 468 | 216 468 |
Solidarity Fund | 39 218 | 14 155 |
Project Social Fund | - | 18 162 |
Support Fund | 568 957 | 552 387 |
824 643 | 801 172 | |
Equity capital | ||
Foundation capital | 50 000 | 50 000 |
Capital FNL | 12 315 | 12 315 |
Operating capital | 1 340 420 | 823 625 |
Final result | 490 570 | 516 795 |
1 893 305 | 1 402 735 | |
TOTAL LIABILITIES | 6 122 575 | 7 418 801 |
Operating Account of Fondation Hirondelle
2021 | 2020 | |
---|---|---|
INCOME | ||
Public funding | 12 322 964 | 12 089 166 |
Private funding | 2 043 238 | 1 420 153 |
Other income | 828 310 | 743 837 |
TOTAL INCOME | 15 194 512 | 14 253 156 |
Income allocated by the Fondation | 1 071 770 | 900 210 |
Tied funds | - | - |
Allocated funds | 14 122 742 | 13 352 947 |
2021 | 2020 | |
---|---|---|
EXPENDITURE Direct project expenditure | ||
Staff | 6 905 149 | 6 940 431 |
Operations | 5 672 498 | 4 804 555 |
Equipment | 464 752 | 446 061 |
13 042 399 | 12 191 047 | |
Administrative expenditure | ||
Staff | 638 466 | 732 241 |
Operations | 478 480 | 329 482 |
Equipment | 31 472 | 37 391 |
1 148 418 | 1 099 114 | |
Fundraising and communication expenditure | ||
Staff | 246 538 | 201 192 |
Operations | 68 989 | 116 678 |
Equipment | 139 | - |
315 666 | 317 870 | |
TOTAL EXPENDITURE | 14 506 483 | 13 608 030 |
Operating result | 688 029 | 645 125 |
Financial results | ||
Financial income | 121 | 456 |
Loss on foreign exchange | -184 212 | -127 475 |
-184 091 | -127 019 | |
Exceptionnal result | ||
Exceptionnal Expenditures and Incomes | -13 368 | -1 311 |
-13 368 | -1 311 | |
Annual result before allocations | 490 570 | 516 795 |
Allocations / deductions | ||
Allocations to equity capital | -490 570 | -516 795 |
Surplus/(deficit) for the year | - | - |
Table of capital variation
Description of funding | Position of funds 01.01.2021 | Internally generated income | Attributions to funds | Internal transfers | Use for projects | Position of funds 31.12.21 | Funding received in advance | Funding to be received |
---|---|---|---|---|---|---|---|---|
Allocated funds (Funding to be received /received in advance) | ||||||||
Funds Bangladesh | 110 287 | 131 628 | -241 915 | - | - | - | ||
Funds Burkina Faso | -146 485 | 1 544 164 | -1 287 045 | 110 634 | 145 144 | -34 510 | ||
Funds Burundi | - | 273 017 | -113 835 | 159 182 | 159 182 | - | ||
Funds Covid | 1 884 088 | 633 157 | -3 273 977 | -756 732 | 67 367 | -824 099 | ||
Funds Media Education | - | 9 535 | -4 245 | 5 290 | 5 290 | - | ||
Funds Environment & Research | - | 64 083 | -64 083 | - | - | - | ||
Funds Transitional Justice | 150 000 | 281 160 | -431 160 | - | - | - | ||
Funds Madagascar | -138 814 | 833 327 | -503 990 | 190 523 | 218 300 | -27 777 | ||
Funds Mali | 237 854 | 2 374 063 | -1 985 035 | 626 882 | 639 426 | -12 544 | ||
Funds Myanmar | 25 227 | 349 020 | -291 207 | 83 040 | 83 040 | - | ||
Funds Niger | 11 633 | 1 649 247 | -1 712 105 | -51 225 | 11 919 | -63 144 | ||
Funds New projects/Miscellaneous projects | 8 540 | 74 620 | -83 160 | - | - | - | ||
Funds Central African Republic | 697 891 | 2 593 782 | -2 890 121 | 401 552 | 680 734 | -279 182 | ||
Funds Democratic Republic of Congo | 60 413 | 570 790 | -544 144 | 87 059 | 87 059 | - | ||
Funds Tunisia | -6 088 | 45 400 | -43 414 | -4 102 | - | -4 102 | ||
Funds Headquarters | 81 100 | 1 020 359 | -821 783 | 279 676 | 279 676 | - | ||
Total allocated funds | 2 975 646 | 12 447 352 | - | -14 291 219 | 1 131 779 | 2 377 137 | -1 245 358 | |
Tied funds | ||||||||
Initiative Fund a) | 216 468 | - | - | 216 468 | ||||
Solidarity Fund b) | 14 155 | 6 901 | - | 18 162 | - | 39 218 | ||
Project Social Fund c) | 18 162 | - | -18 162 | - | - | |||
Support Fund d) | 552 387 | 16 570 | - | 568 957 | ||||
Total tied funds | 801 172 | 16 570 | - | 824 643 | ||||
Foundation capital | ||||||||
Initial capital | 50 000 | - | - | 50 000 | ||||
Capital FNL | 12 315 | - | - | 12 315 | ||||
Sales and services/non-tied subsidies | - | 903 310 | -903 310 | - | ||||
Operating capital | 1 340 420 | 490 570 | - | 1 830 990 | ||||
Operating result | - | - | - | - | ||||
Total Foundation capital | 1 402 735 | 1 393 880 | -903 310 | 1 893 305 | ||||
TOTAL | 5 179 553 | 13 857 802 | -15 194 528 | 3 849 727 |