Provide a true and fair view
The annual financial statement provides a true and fair view of the financial position, results of operations and cash flows.
The organization prepares its annual financial statement in accordance with Swiss GAAP FER accounting standards and applies Swiss GAAP FER 21 – Accounting for charitable non-profit organizations.
Fundraising and general advertising expenses as well as administrative expenses are calculated and reported using the methods published by Zewo.
The annual financial statement is audited by independent and professionally qualified auditors.
The organization has its annual financial statement audited in accordance with Swiss GAAP FER by independent, professionally qualified auditors:
The auditor produces a written report on the results of the audit. Depending on the type of audit, the report contains:
*According to Swiss GAAP FER 21, organizations are classified as small if they meet two of the following criteria: balance sheet total < CHF 2 million/turnover < CHF 1 million/FTE <10.
Any investments made by the organizsation are sustainable and in accordance with investment regulations.
If financial investments and the value of any investment property exceed CHF 2 million, the organization puts investment regulations in place.
These regulations consider the risk tolerance and liquidity requirements of the organization, the income objectives of its financial investments and the purpose of the organization. The regulations also address social and ecological factors as well as good governance criteria.