Reporting
Financial overview
In the 2023 financial year, efforts were focused on further developing the Regional Stewardship Hubs and expanding their ongoing activities, while also adding a new unit within the Research and Innovation team, focused on Environmental Governance and Global Development. In the fourth year since its founding, the Wyss Academy has grown significantly, expanding its workforce by half from 60 to 90 employees, completing its establishment and start-up phase. In 2023, turnover has grown by 40%, totaling CHF 18.75 million, and is offset by income and donor contributions amounting to CHF 21.15 million.
The high ambitions outlined in the 2023 budget were met accordingly, with an implementation rate of just under 80%, resulting in an ordinary result of CHF 2.52 million. Moreover, the additional equity accumulated during this period will gradually decrease, starting from 2024, through the implementation of new projects and further scaling of existing initiatives in the Regional Hubs.
Read the Financial Report
For detailed information, please refer to the full 2023 Financial Report.
Balance Sheet
| Assets | CHF |
|---|---|
| Cash and cash equivalents | 10,852,905 |
| Current financial assets | 14,900,140 |
| Receivables from services | 3,237,329 |
| Other short-term receivables | 11,846,674 |
| Advance payments Regional Hubs | 443,468 |
| Prepayments and accrued income | 137,056 |
| Current assets | 41,417,572 |
| Tangible fixed assets | 746,539 |
| Intangible assets | 231,119 |
| Non-current assets | 977,658 |
| Total assets | 42,395,230 |
| Liabilities and foundation capital | CHF |
|---|---|
| Payables from goods and services | 4,385,924 |
| Accrued liabilities and deferred income | 1,524,444 |
| Short-term provisions | 974,673 |
| Current liabilities | 6,885,040 |
| Foundation capital | 10,000,000 |
| Result carried forward | 22,987,340 |
| Result of the year | 2,522,849 |
| Total foundation capital | 35,510,189 |
| Total liabilities and foundation capital | 42,395,230 |
Income Statement
| CHF | |
|---|---|
| Donor contributions | 17,000,000 |
| Income for implementation program Hub Bern | 3,525,964 |
| Other third-party funding for implementation program Hub Bern | 462,705 |
| Other third-party funding for projects, research and services | 150,077 |
| Other operating income | 14,865 |
| Total operating income | 21,153,611 |
| Project expenses | -8,018,842 |
| Personnel expenses | -9,198,130 |
| Other operating expenses | -1,208,878 |
| Depreciation of tangible assets | -210,163 |
| Amortization on intangible assets | -109,906 |
| Total operating expenses | -18,745,918 |
| Operating result | 2,407,693 |
| Financial result | 115,156 |
| Ordinary result | 2,522,849 |
| Extraordinary result | 0 |
| Result of the year | 2,522,849 |